Docusign Envelope ID." 377CDC1841 E243CND8F-3AC52A2F3596
Charity number: 1104214
THE NIRVANA CHARITABLE TRUST
UNAUDITED
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

Docusign Envelope ID." 377CDC1841 E243CND8F-3AC52A2F3596
THE NIRVANA CHARITABLE TRUST
CONTENTS
Page
Reference and administrative details of the charity, its trustees and advisers
Trustees, report
Trustees, responsibilities statement
Independent examiner's report
Statement of financial activities
Balance sheet
Notes to the financial statements
10- 18

Docusign Envelope ID." 377CDC1841 E243CND8F-3AC52A2F3596
THE NIRVANA CHARITABLE TRUST
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY. ITS TRUSTEES AND
ADVISERS
FOR THE YEAR ENDED 31 MARCH 2025
Trustees
D C Goldberg, trustee
N Harris, trustee
Charity registered
number
1104214
Principal office
First Urban
Unit 2
167 Broadhurst Gardens
London
NW6 3AU
Accountants
SRLV Audit Limited
Chartered Accountants
Elsley Court
20-22 Great Titchfield Street
London
WIW 8BE
Page 1

Docusign Envelope ID." 377CDC1841 E243CND8F-3AC52A2F3596
THE NIRVANA CHARITABLE TRUST
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 MARCH 2025
The trustees present their annual report together with the financial statements of the The Nirvana Charitable
Trust for the year from l April 2024 to 31 March 2025.
Objectives and activities
a. Policies and objectives
The charity's aims are to distribute funds to registered charities that align with the objectives of The Nirvana
Charitable Trust.
Our objectives are supporting organisations that improve health, social & urgent care, as well as those who
provide food, shelter and protection for a variety of disadvantaged groups and enhance specialist
educational needs as well as supporting artistic and cultural pursuits.
In setting objectives and planning for activities, the trustees have regard to the Charity Commission
guidance on public benefit.
b. Activities undertaken to achieve objertives
The charity delivers its charitable aims by issuing donations to registered charities and periodically the
trustees may attend events by invitation of charitable organisations.
Strategic report
Achievements and performance
a. Review of activities
During the year, the trust made donations of £57,229 (2024 - £37,362) to a range of charities including
Jewish Care and Norwood Ravenswood amongst others.
b. Investment policy and performance
The charity. having regard to the liquidity requirements of the operation and to the reserve policy, has the
power to invest in any way the trustees wish.
Financial review
a. Going concern
The trustees are satisfied that there is a reasonable expectation that the charity has adequate resources to
continue in operational existence for the foreseeable future (next twelve months from the signing of the
financial statements) and wish to adopt the going concern basis in preparing the financial statements.
b. Reserves policy
With the exception of such funds as the trustees consider necessary for the ongoing maintenance of the
charity, all unrestricted funds, excluding unrealised revaluation reserves, are designated for the purposes of
the general charitable objects of the charity.
The trustees consider a reserve of £lm to be necessary for the maintenance of the charity (to be sufficient
to generate investment returns to fund ongoing donations).
Page 2

Docusign Envelope ID." 377CDC1841 E243CND8F-3AC52A2F3596
THE NIRVANA CHARITABLE TRUST
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
c. Principal funding
Principal funding each year 15 normally through investment returns. The trustees do not anticipate similar
donations in the foreseeable future and expect the charity's principal funding to return from its investment
portfolio.
d. Performance during the year
The charity was able to distribute £57,229 (2024 - £37,362) to various registered charities while meeting
the charity's objectives.
Structurei governance and management
a. Constitution
The Nirvana Charitable Trust is a registered charity, charity number 1104214, and is constituted under a
trust deed. The charity changed its name from The Gallant Charitable Trust on 4 February 2008.
b. Methods of appointment or election of trustees
The power of recruiting and appointing trustees is vested solely in the Board of trustees. If a vacancy occurs,
an appointment would only be made when the suitability, skills and experience of a potential new trustee
have been found to match those required by the role.
c. Policies adopted for the induction and training of trustees
New trustees would undergo an orientation session to brief them on their legal obligations under charity law,
the content of the trust deed, the committee and the decision-making processes, the business plan and the
recent financial performance of the charity.
New trustees would be encouraged to attend appropriate external training events where these will facilitate
the undertaking of their role.
d. Related party relationships
None of our trustees receive remuneration or other benefit from their work with the charity. Any connection
between a trustee or senior manager of the charity with service user. external contractor or suppler of
services must be disclosed to the full board of trustees in the same way as any other contractual relationship
with a related party.
There were no related party transactions in the year.
e. Organisational structure and decision making
The board of trustees meets regularly to administer the charity. Daniel Goldberg and Natalie Harris are
appointed as administrators by the trustees to manage the day-to-day operations of the charity.
Page 3

Docusign Envelope ID: 377CDC18-81 E2-43CD-8D8F-3AC52A2F3596 

## **THE NIRVANA CHARITABLE TRUST** 

**TRUSTEES'REPORT(CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025** 

## **Structure, governance and management (continued)** 

## **f. Risk management** 

The trustees have a risk management strategy which comprises: 

- annual review of the risks the charity may face/establishment of systems and procedures to mitigate those risks identified in the plan; and 

-the implementation of procedures designed to minimise any potential impact on the charity should those risks materialise. 

Approved by order of the members of the board of trustees on and signed on their behalf by: 

(Chair of Trustees) 

10 December 2025 

Page4 



Docusign Envelope ID: 377CDC18-81 E2-43CD-8D8F-3AC52A2F3596 

## **THE NIRVANA CHARITABLE TRUST** 

## **STATEMENT OF TRUSTEES' RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2025** 

The trustees are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). 

The law applicable to charities in England & Wales requires the trustees to prepare financial statements for each financial year from which give a true and fair view of the state of affairs of the charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the trustees are required to: 

- select suitable accounting policies and then apply them consistently; 

- observe the methods and principles of the Charities SORP (FRS 102); 

- make judgements and accounting estimates that are reasonable and prudent; 

- state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements; 

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. 

The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. 

Approved by order of the members of the board of trustees and signed on its behalf by: 

**DocuSigned by:** 

(Chair of Trustees) 

10 December 2025 

Page 5 



Docusign Envelope ID." 377CDC1841 E243CND8F-3AC52A2F3596
THE NIRVANA CHARITABLE TRUST
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 MARCH 2025
Independent examiner's report to the trustees of The Nirvana Charitable Trust ('the
charity,)
report to the charity trustees on my examination of the accounts of the charity for the year ended 31
March 2025.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the accounts in accordance with the
requirements of the Charities Act 2011 ('the 2011 Art.).
I report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act
and in carrying out my examination I have followed the applicable Directions given by the Charity
Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
Your attention is drawn to the fact that the charity has prepared the accounts in accordance with Accounting
and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland
(FRS 102) in preference to the Accounting and Reporting by Charities.. Statement of Recommended Practice
issued on l April 2005 which is referred to in the extant regulations but has been withdrawn.
I understand that this has been done in order for the accounts to provide a true and fair view in accordance
with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after I
January 2015.
I have completed my examination. I confirm that no matters have come to my attention in connection with
the examination giving me cause to believe that in any material respett..
accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act.
or
the accounts do not accord with those records; or
the accounts do not comply with the applicable requirements concerning the form and content of
accour)ts set out in the Charities (Accounts and Reports) Regulations 2008 other than any
requirement that the accounts give a 'true and fair. view which is not a matter considered as part of
an independent examination.
I have no concerns and have come across no other matters in connertion with the examination to which
attention should be drawn in this report in order to enable a proper understanding of the accounts to be
reached.
Page 6

Docusign Envelope ID: 377CDC18-81 E2-43CD-8D8F-3AC52A2F3596 

## **THE NIRVANA CHARITABLE TRUST** 

## **INDEPENDENT EXAMINER'S REPORT {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025** 

## **Use of our report** 

This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the charity's trustees those matters I am required to state to them in an Independent Examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for my work or for this report. 

Richard Gilbert For and on behalf of 

## **SRLV Audit Limited** 

Chartered Accountants Elsley Court 20-22 Great Titchfield Street London WlW BBE 

## 11 December 2025 

Page 7 



Docusign Envelope ID." 377CDC1841 E243CND8F-3AC52A2F3596
THE NIRVANA CHARITABLE TRUST
STATEMENT OF FINANCIAL ACTIvrrIES
FOR THE YEAR ENDED 31 MARCH 2025
Unrestricted
funds
2025
Total
funds
2025
Total
funds
2024
Note
Income from:
Investments
90,589
90,589
263,627
Total income
90.589
90.589
263,627
Expenditure on:
Charitable attivities
79.895
79.895
54,766
Total expenditure
79.895
79.895
54,766
Net movement in funds
10,694
10,694
208,861
Reconciliation of funds:
Total funds brought forward
Net movement in funds
2,394,795
10.694
2,394,795
10.694
2,185,934
208,861
Total funds carried forward
2,405.489
2,405,489
2,394,795
The Statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 10 to 18 form part of these financial statements.
Page 8

Docusign Envelope ID: 377CDC18-81 E2-43CD-8D8F-3AC52A2F3596 

## **THE NIRVANA CHARITABLE TRUST** 

## **BALANCE SHEET AS AT 31 MARCH 2025** 

||||**2025**||2024|
|---|---|---|---|---|---|
||**Note**||£||f|
|**Fixed assets**||||||
|Investments|10||**2,311,183**||2,155,176|
||||**2,311,183**||2,155,176|
|**Current assets**||||||
|Debtors|11|**314**||5,109||
|Investments|12|||125,000||
|Cash at bank and in hand||**107,300**||125,154||
|||**107,614**||255,263||
|**Current liabilities**||||||
|Creditors: amounts falling due within one||||||
|year|13|**(13,308)**||(15,644)||
|**Net current assets**|||**94,306**||239,619|
|**Total assets less current liabilities**|||**2,405,489**||2,394,795|
|**Total net assets**|||**2,405,489**||2,394,795|
|**Charity funds**||||||
|Unrestricted funds|15||**2,405,489**||2,394,795|
|**Total funds**|||**2,405,489**||2,394,795|



The financial statements were approved and authorised for issue by the trustees and signed on their behalf by: 

**r-::OocuSigned by:** UL 4 

## ~~**DC Goldberg**~~ 

(Chair of Trustees) 

## 10 December 2025 

The notes on pages 10 to 18 form part of these financial statements. 

Page 9 



Docusign Envelope ID." 377CDC1841 E243CND8F-3AC52A2F3596
THE NIRVANA CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
General information
The Nirvana Charitable Trust is a charity registered with the Charity Commission For England And
Wales, registration number 1104214. The address of the principal office of the charity is First Urban,
Unit 2, 167 Broadhurst Gardens, London, NW6 3AU.
The principal objertives of the trust are to support organisations that improve health, social & urgent
care, as well as those who provide food, shelter and protection for a variety of disadvantaged groups
and enhance specialist educational needs as well as supporting artistic and cultural pursuits.
Accounting policies
2.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102)
Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to
charities preparing their accounts in accordance with the Financial Reporting Standard applicable
in the UK and Republic of Ireland (FRS 102) (effettive l January 2019), the Financial Reporting
Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
The financial statements have been prepared to give a 'true and fair, view and have departed
from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to
provide a 'true and fair, view. This departure has involved following the Charities SORP (FRS 102)
published in October 2019 rather than the Accounting and Reporting by Charities.. Statement of
Recommended Prartice effective from l April 2005 which has since been withdrawn.
The Nirvana Charitable Trust meets the definition of a public benefit entity under FRS 102. Assets
and liabilities are initially recognised at historical cost or transaction value unless Otherwise
stated in the relevant accounting policy.
2.2 Income
All income is recognised once the charity has entitlement to the income, it is probable that the
income will be received and the amount of income receivable can be measured reliably.
The recognition of income from legacies is dependent on establishing entitlement, the probability
of receipt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of
entitlement to a legacy exists when the charity has sufficient evidence that a gift has been left to
them (through knowledge of the existence of a valid will and the death of the benefactor) and the
executor is satisfied that the property in question will not be required to satisfy claims in the
estate. Receipt of a legacy must be recognised when it is probable that it will be received and the
fair value of the amount receivable, which will generally be the expected cash amount to be
distributed to the charity, can be reliably measured.
Income tax recoverable in relation to investment income is recognised at the time the investment
income is receivable.
Page 10

Docusign Envelope ID." 377CDC1841 E243CND8F-3AC52A2F3596
THE NIRVANA CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Accounting policies (continued)
2.3 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic
benefit to a third party, it is probable that a transfer of economic benefits will be required in
settlement and the amount of the obligation can be measured reliably. Expenditure is classified
by activity. The costs of each activity are made up of the total of dirert costs and shared costs,
including support costs involved in undertaking each activity. Direct costs attributable to a single
activity are allocated dirertly to that activity. Shared costs which contribute to more than one
activity and support costs which are not attributable to a single artivity are apportioned between
those activities on a basis consistent with the use of resources. Central staff costs are allocated
on the basis of time spent. and depreciation charges allocated on the portion of the asset's use.
Expenditure on charitable activities is incurred on direttly undertaking the attivities which further
the charity's objectives, as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
2.4 Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured
reliably by the charity. this is normally upon notification of the interest paid or payable by the
institution with whom the funds are deposited.
2.5 Investments
Fixed asset investments are a form of financial instrument and are initially recognised at their
transaction cost and subsequently measured at fair value at the balance sheet date, unless the
value cannot be measured reliably in which case it is measured at cost less impairment.
Investment gains and losses, whether realised or unrealised, are combined and presented as
'Gains/(losses) on investments, in the statement of financial activities.
Investments held as fixed assets are shown at cost less provision for impairment.
2.6 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount
offered.
2.7 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short
maturity of three months or less from the date of acquisition or opening of the deposit or similar
account.
Page11

Docusign Envelope ID." 377CDC1841 E243CND8F-3AC52A2F3596
THE NIRVANA CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Accounting policies (continued)
2.8 Liabilities and provisions
Liabilities are recognised when there is an obligation at the balance sheet date as a result of a
past event, it is probable that a transfer of economic benefit will be required in settlement, and
the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or
the amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation.
Where the effect of the time value of money is material, the provision is based on the present
value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to
the liability. The unwinding of the discount is recognised in the statement of financial activities as
a finance cost.
2.9 Financial instruments
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial
instruments. Basic financial instruments are initially recognised at transaction value and
subsequently measured at their settlement value with the exception of bank loans which are
subsequently measured at amortised cost using the effective interest method.
2.10 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the trustees
in furtherance of the general objectives of the charity and which have not been designated for
other purposes.
Investment income, gains and losses are allocated to the appropriate fund.
Investment income
Unrestricted
funds
2025
Total
funds
2025
Profit on disposal of investments
Bank interest receivable
32,589
1,718
3,212
(4,595)
57,665
32,589
1,718
3,212
(4,595)
57,665
Other interest receivable
Fair value changes in investment
Dividend income
Total 2025
90,589
90,589
Page 12

Docusign Envelope ID." 377CDC1841 E243CND8F-3AC52A2F3596
THE NIRVANA CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Investment income (continued)
Unrestricted
fund5
2024
Total
funds
2024
Profit on disposal of investments
Bank interest receivable
Other interest receivable
Fair value changes in investment
Dividend income
66,487
3,733
7,253
147,478
38,676
66,487
3,733
7,253
147,478
38,676
Total 2024
263,627
263,627
Activities of expenditure by expenditure type
2025
2024
Donations to institutions
57,229
18,958
3,708
37,362
13,660
3,744
Support costs
Governance costs
79,895
54,766
Page 13

Docusign Envelope ID." 377CDC1841 E243CND8F-3AC52A2F3596
THE NIRVANA CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Donations paid to institutions
2025
2024
United Hatzalah of Israel
1,000
500
1,000
5,000
1,000
12,500
5,000
500
Central British Fund for World Jewish Relief
1,000
2,500
10,000
Antisemitism
Community Securtiy Trust
Loving Classroom
Jewish Care
Norwood Ravenswood
Magen David Adom UK
Magic Breakfast
British Friends of Chatzer Hakodesh Viznitz
15,000
10,000
1,500
1,000
1,000
150
500
Just Giving Refuge
Marie Curie
275
1,000
1,000
1,500
150
400
1,000
Anna Freud
Combat Hate Foundation
Future Dreams London
Crackerjacks Children's Trust
Hatzola Northwest Trust
RNLI Poole
Mila's Foundation
200
1,000
1,000
200
150
Tel Aviv University Trust
Whitefield Charity
Zaka Search and Rescue
My Israel Charity
Jnetics London
Sebby's Corner
Shelter
UCS Development London
1,000
500
500
1,279
5,000
500
250
1,037
5,000
2,000
500
57,229
37,362
Page 14

Docusign Envelope ID." 377CDC1841 E243CND8F-3AC52A2F3596
THE NIRVANA CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Analysis of support costs
2025
2024
Professional fees
1,440
12,347
82
Investment management charges
Computer costs
Accounts and bookkeeping fees
Bank charges
7,168
5,080
6,000
492
18,958
13,660
Analysis of governance costs
2025
2024
Fees payable to the charity's indepeT7dent examiner for the independent
examination of the charity's annual accounts
3,708
3,744
Average number of employees
The average number of persons employed by the charity during the year was NIL (2024 - NIL).
The average number of trustees during the year was 2 (2024 - 2).
Trustees, remuneration and expenses
During the year, no trustee received any remuneration or other benefits (2024 - £NIL).
During the year ended 31 March 2025, no trustee expenses have been incurred (2024 - £NIL).
Page 15

Docusign Envelope ID." 377CDC1841 E243CND8F-3AC52A2F3596
THE NIRVANA CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
io.
Fixed asset investments
other fixed
asset
investments
Valuation
At l April 2024
Additions
Disposals
Revaluations
2.155,176
1,629,288
(1,468,686)
(4,595)
At 31 March 2025
2,311,183
Net book value
At 31 March 2025
2.311,183
At 31 March 2024
2,155,176
ii. Debtors
2025
2024
Due within one year
Prepayments and accrued income
314
5,109
12.
Current asset investments
2025
2024
Unlisted investments
125,000
Page 16

Docusign Envelope ID." 377CDC1841 E243CND8F-3AC52A2F3596
THE NIRVANA CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
13. Creditors: Amounts falling due within one year
2025
2024
Accruals
13,308
15,644
14. Financial instruments
2025
2024
Financial assets
Financial assets measured at fair value through income and expenditure
107,300
250,154
Financial assets measured at fair value through income and expenditure comprise cash at bank and
current asset investments.
15. Statement of funds
statement of funds - current year
Balance at
l April
2024
Balance at
31 March
2025
Income Expenditure
Unrestricted funds
2.394.795
90.589
(79.895) 2.405,489
General funds - all funds
Statement of funds - prior year
Balance at
31 March
2024
Balance at
l April 2023
Income Expenditure
Unrestricted funds
2,185,934
263,627
(54,766) 2,394,795
General funds - all funds
Page 17

Docusign Envelope ID." 377CDC1841 E243CND8F-3AC52A2F3596
THE NIRVANA CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
16. Analysis of net assets between funds
Analysis of net assets between funds - current year
Unrestricted
funds
2025
Total
funds
2025
Fixed asset investments
2,311,183 2,311,183
107,614
107,614
(13,308)
(13,308)
Current assets
Creditors due within one year
Total
2,405,489 2,405,489
Analysis of net assets between funds- prior year
Unrestricted
funds
2024
Total
funds
2024
Fixed asset investments
2,155,176
255,263
(15,644)
2,155,176
255,263
(15,644)
Current assets
Creditors due within one year
Total
2,394,795
2,394,795
Page 18