Charlty reglstratlon number 1104484 (England and Wales)
Company reglstratlon number 05070736
THE HELPING FOUNDATION
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

THE HELPING FOUNDATION
LEGAL AND ADMINISTRATIVE INFORMATION
Trustses
D Neuwirth
A Weis
R Weis
S Weis
Charlty numbèr
1104484
Company number
05070738
Reglstered offlce
1 Allandale Court
Waterpark Road
SALFORD
M7 4JN
Audltor
Lopian Gross Barnett & Co
1 st Floor, Cloister House
Riverside
New Bailey Street
Manche8ter
M3 5FS
Bankers
Barclays Bank
25 Cheethem Hill Road
Manchester
M4 4FL

THE HELPING FOUNDATION
CONTENTS
Page
Trustees, report
statement of Trustees, responsibilltles
Independent auditorfs report
Statement of financial activities
Balance Sheet
10
statement of cash flows
11
Notes to the financial statements
12-20

THE HELPING FOUNDATION
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT AND STRATEGIC REPORT)
FOR THE YEAR ENDED 31 DECEMBER 2024
The Trustees present their annual report and financial ststements for the year ended 31 December 2024.
The financial Statements have been prepared in accordance with the accounting policies set out in note 1 to the
financial Statements and comply with the charity's Memorandum and Articles of Association, the Companies Act
2006 and "Accounting and Reporting by Charities- Ststement 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) (effective 1 January 2019)"
Alms, objectlves and actlvltles
The charity's aims and objectives are the advancement of education according to the tenets of the Orthodox
Jewish Faith-, the advancement of the Orthodox Jewish Religion and the relief of poverty amongst the elderly or
persons in need, hardship or distress in the Jewish Community.
The Trustees measure the success of achieving the stated aims by the number and value of grants paid out for
each objective.
The charity reviews its aims, objectives and aclivities each year. The review looks at what the charity achieved
and the outcomes of its work in the previous 12 months. The review looks at the surxess of the key activities and
the benefits the charity has brought to those groups of people it has set out to help. The review also helps the
charity ensure its alms, objectives and activities remain focused on its stated purposes. The Truslees have
referred to the Charity Commissions general guidance on the public benefit when reviewing the the charity's aims
and objective5 and in planning future activities. In particular, the Trustees consider how planned activities will
contribute to the aims and objectives they have set.
Grant maklng pollcy
The charity is funded by donations and investment income. The charity pays out grant8 in line with the above
objects.
There were no grants P8id to individuals during the year.
The charity has established its grant making policy to achieve its objects for the public benefit. The charity invites
applications for funding to contribute towards projects that the trustees feel are appropriate for the charity's
objectives.
The application of the fund3 by way of grants is to elther institutions or individuals and is almost always to
institutions.
The Trustees consider they have met the public benefit test and outline these achievements below.
The Trustees measure the success of achieving the ststed aims by the number and value of grants paid out for
each object. The grants paid aut in the year are detailed in the notes to the accounts and the Trustees consider
they have met their aims successfully this year.
The Trustees consider the shorter term aims to be similar to the longer term aims and assess the achievement of
the charity in the same way.
strateglc report
The description under the headings "Achievements and performance" and "Financial review" meet the company
law requirements for the Trustees to present a strategic report.
Achievements and performance
During the year the charity received £nil (2023.. £nil) of gifted investment properties that were retained to produce
future income.

THE HELPING FOUNDATION
TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT AND STRATEGIC REPORT)
(CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
The charity also recorded investment income receivable during the year amounting to £23,570,951 {2023-
£23,339,002). The chanty utilises all available surpluses for reinvestment in suitable property investments.
The charity also received £3,280,000 (2023.. £nil) in lease surrender premiums during the year.
The charity also received £8,000,000 {2023: £2,504,837) in gift aid donations during the year. This indudes
income tax recoverable in relation to donations received under Gift Aid of £1,800,000 (2023: £500,000).
The charity also incurred costs including ground rents, insurance premiums, legal and professional fees etc
amounting to £1,584,708 {2023.' £1,685,929) as well as interest payable amounting to £151,546 (2023:
£2,004,569).
The charity paid out £14,387,167 (2023.. £15,132,650) by way of charitable donatlons and £86,078 (2023:
£78,510) in support and govemance costs. These grants and direct activlties were made in line with the stated
objects of the charity and are for educational, relief of poverty or communal purposes.
All charitsble donations were made to institutions in the year. The following material donations V￿re made by the
charity with the remainder of the charitable donations available on request from the charity's head office.,
Lehachzikom £7.4m and British Friends of Ezrat Yisrael Kiryat Sefer £2.5m. The donations made were towards
the advancement of education according to the tenets of the Orthodox Jewish Faith- the advancement of the
orthodox Jewish Religion and the relief of poverty amongst the elderly or persons in need, hardship or dlstress in
the Jewish Community, as Stated in the charity's objectives.
The charity incurred govemance costs comprising profe55ional fees.
Most office costs are borne by a local benefactor and the Trustees wish to record their appreciation to the
benefactor for the free use of their offices.
During the year, total loan repayments of £6,990,506 were made.
During the year the charity disposed of 14 (2023.. nil) investment properties.
The Trustees revalued the investment properties of the charity during the year for fair value purposes. This
resulted in a downwards revaluation of £8,019,276 {2023'. £18,636.139).
There were no material fundraising costs during the year.
There ￿￿5 an overall net increase in funds for the year amounting to £17,008,721 (2023: decrease £11,693,958).
The investments of the charity have performed reasonably well in the year.
The Trustees consider this acceptable when compared with returns available on deposits in any of the banking
institutions. These propety investment returns are not at the expense of any exposure of loan to value covenants
that vmuld put these investments at risk.
Flnanclal revlew
The Trustees feel the year was another excellent one in terms of donations, investment income receivable and
gains made by the charity. The Trustees are delighted to have made many valuable contributions to other
charities and the local community and hope to be able to do so for many years to come.
The unrestricted funds represent funds arising from past operating results since the charity's commencement.
It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be
maintained at a suitable level that enables them to manage the investments of the charity whilst maintaining
appropriate grant payment levels and not compromising the cash flow of the charity. The reserves will in addits-on
be used for loan repayments over the next tsvelve months.
The cash reserves are to be used for the purpose of both charitable donations and for the future investment of
the charity.

THE HELPING FOUNDATION
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT AND STRATEGIC REPORT)
(CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
The reserves stand at £419,363,312 all of which are unrestricted with none of these funds committed to any
expenses other than stated above.
The company holds various property investments within the United Kingdom. The Trustees feel that the
investments have performed well in the year and have generated the charity sufficient returns to maintain the
level of donati'ons in has made in line wth its objectives. The company is well placed to take advantage of any
potential caprtal growth within its property portft)lio.
The Trustees have assessed the major risks to which the charity is exposed, in particular those related to the
opwations and finances of the Trust. These risks include macro economic factors governing the whole economy
that could expose tenants and thereby put the value of the investment properties at risk with the associated
knock on effect with lenders covenants. Additionally, the charity may be exposed to interest rate increases with
reference to loans and their repayment. The charity retains an appropriale level of cash reserve to provide
flexibility in managing finance risk of its portfolio.
other risks faced by the Trust include operational risks from ineffective granl making. These risks are managed
by the Trustees researching potentlal beneficiaries before granting donations.
Report back and review procedures strengthen these safeguards to ensure publlc benefit is achieved from all
grants paid out.
The Trustees are sat15fied that systems are in place to manage the exposure to the above major risks.
The Trustees plan to continue donating and Investing to raise lunds for projects In line with the Memorandum &
Articles of Association and pursue those objectives and projects with all the resources available to the charity.
structure, governance and management
The charity is a company limited by guarantee, which was incorporated on 11 March 2004 and registered as
charity on 22 June 2004. The charity's company number is 05070736 and its charity number is 1104484. The
company was established under a Memorandum of Association which established the objects and powers of the
charitable company and is govemed under its Article5 ofAssociation, In the event of the company being wound
up members are required to contribute an amount not exceeding £10.
The Trustees. who are also the director5 for the purpose of company saw, and who served during the year and up
to the date of signature of the financial statements were.
D Neuwirth
B Stone
A l+Veis
R l•leis
S Vveis
(Resigned 24 June 20251
Appointment of other Trustees is at the discretion of the existing Trustees and the need for training wi51 be
assessed at such time when a new appointment is to be made.

THE HELPING FOUNDATION
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT AND STRATEGIC REPORT)
(CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Audltor
In accordance vlth the company's articles. a resolutlon proposlng thet Loplan Gr055 Barnett & Co be reappointed
as auditor of the Company will be put at a General Meeting.
Disclosure of Informatlon to audftor
Each of the Trust885 ha5 confirmed that there 18 no information of whlch they ar& awara which is relevant to the
audlt, but of whlch the auditorls unaware. They h8vè further confirmed that Ihey have taken appropriate Steps to
dentify such relevant information and to establish that the aUd￿Or is aware of Such information.
The Trustee5' report, including the strateglc report and directors report, was approved by the Board of Tru8te8s.
D Nèuwlrth
Truslee
Dated
50. fefjl.

THE HELPING FOUNDATION
STATEMENT OF TRUSTEES. RESPONSIBILITIES
FOR THE YEAR ENDED 31 DECEMBER 2024
The Trustees, who are also the directors of The Helping Foundation for the purpose of company law, 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 Accounb'ng Practice).
Company law requires the Trustees to prepare financial statements for each financial year which give a true and fair
view of the state of affairs of the charity and of the incoming resources and application of resources. including the
income and expenditure, of the charitable company for that year.
In preparing these financial statements, the Trustees are required to..
select suitable accounting policies and then apply them consistently.,
- observe the methods and principles in the Charities SORP.,
make judgements and estimates that are reasonable and prudent.
state whether applicable UK Accountlng Standards have been followed, subject to any material departures
disclosed and explained in the financial statements., and
prepare the financial ststements on the going concem basis unless it is inapproprlate to presume that the charity
will conlinue in operation.
The Trustees are responsible for keeping adequate accounting records that disc105e with reasonable accuracy at
any tirne the financial p05its.on of the charity and enable them to ensure that the financial statements comply with the
Companies Act 2006. 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.

THE HELPING FOUNDATION
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF THE HELPING FOUNDATION
Oplnlon
We have audited the financial statements of The Helping Foundation (the 'charitable company,) for the year ended
31 December 2024 which comprise the statement of financial activities, the balance sheet, the statement of cash
flows and the notes to the financial statements, induding a summary of significant accounting policies. The financial
reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting
standards, including Financial Reporting Standard 102 The Financial Reporting Standard appliGable in the UK and
Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion, the financial statements..
give a true and fair view of the state of the charitable company's affairs as at 31 December 2024 and of its
incoming resources and application of resources, for the year then ended.,
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice;
and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basls for oplnlon
We conducted our audit in accordance with International Standards on Auditing (Ulq (ISAS (UK)) and applicable
law. Our responsibilits'es under those standards are further described in the Auditors responsibilities for the 8udil of
the financial statements section of our report. We are independent of the charltable company in accordance with the
ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Elhical
standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe
thal the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Concluslons relatlng to golng concern
In auditing the financial statements, we have conduded that the Trustees, use of the going concem basis of
accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have nol identified any material uncertainties relating to events or
conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going
concern for a period of at least twelve months from then the financial statements are authorised for issue.
Our responsibilities and the responsibilitles of the Trustees with respect to going concern are descrlbed in the
relevant sections of this report.
Other Informatlon
The Trustees are responsible for the other information. The other infomats'on comprises the information included in
the annual report, other than the financial statements and our auditor's report thereon. Our opinion on the financial
staternents does not cover the other information and except to the extent otheplvise explicitly stated in our report, we
do not express any form of assurance condusion thereon.
In connection with our audit of the financial staternents, our responsibility is to read the other inforrnation and, in
doing so, consider whether the other information is materially Inconsistent with the financial statements or our
knowledge obtained in the audit or otherwise appears to be materially misstated. If we identity such material
inconsistencies or apparent material misstatement5, we are required to determine whether there is a material
misstatement in the financial statements or a material misstatement of the other information. If, based on the work
we have perfomied, we condude that there is a material misstatement of this other information, we are required to
report that fact.
Ilve have nothing to report in this regard.

THE HELPING FOUNDATION
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF THE HELPING FOUNDATION
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of our audit..
the infomiation given in the trustee's report, which include5 the directors, report and the strategic report
prepared for the purposes of company law, for the financial year for which the financial statements are prepared
is consistent with the financial statements; and
the strategic report and the directors, report included within the trustees, report have been prepared in
accordance with applicable legal requirements.
Matters on whlch we are requlred to report by exceptlon
We have nothing to report in respect of the following matters in relation to which the Companies Act 2008 require us
to report to you if, in our opinion-
the information given in the financial statements is inconsistent in any material respect with the Trustees,
report., or
sufficient accounting records have not been kept; or
the financial statements are not in agreement with the accounting records., or
we have not received all the infonnation and explanations we require for our audit.
Responslbllltles of Trustee$
As explained more fully in the ststement of Trustees, re8ponsibillties, the Trustees, who are also the directors of the
charity for the purpose of company law, are responsible for the preparation of the financial statements and for being
satisfied that they give a true and fair view, and for such internal control as the Trustees determine 15 necessary to
enable the preparation of financial statements that are free from material misstatement, whether due to fraud or
error. In preparing the financial statements, the Trustees are responsible for assessing the charity's ability to
continue as a going concem, disc105ing, as applicable, matters related to going concem and using the going
concern basis of accounting unless the Trustees either intend to liquidate the charitable company or to cease
operations, or have no Tealistic alternative but to do so.
Audltorfs responslbllltles for the audlt of tho flnanclal ststements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from
material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion.
Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance
vAth ISAS (UK) will always detect a material misstatement when it exists. Misstatement3 can arise from fraud or
error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence
the economic decisions of users taken on the basis of these financial staternents.

THE HELPING FOUNDATION
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF THE HELPING FOUNDATION
I￿e9￿arities, includlng fraud, are Instances of non-compliance with laws and regulalions. We design procedures in
line with our responslbilities, to detect matefial misstatements in respect of irregularitle5. including fraud. The extent
to which our prottdures are capable of detecting irregularities. including fraud, is detailed below..
We obtained an understanding of law5 and regulalions that affect the entity, focusing on those that had a dlrect
effect on the financial statemen15 or thal had a fundamental effect on 115 operations.
Where considered necessary we enquired of those charged with governance. reviewed correspondence and
revlewed meeting minutes for evidence of non-compliance with relevant laws and regulatlons.
We gained an understanding of Ihe controls environment which includes the controls in place to prevent and
delect fraud. We enquired of those charged with governance about any incidences of fraud thai had taken place
during the accounting period.
The risk of frgud and non-compllance with laws and regulations was discussed within the audit team and test8
were planned and performed lo addre8S these ri8ks.
We reviewed financlal statements dlsclosures to assess compllance with relevant laws and regulallons.
We enqulred of those charged wlth governance about actu81 and potentlal litigatlon and claims.
We perfomied analytical procedures to Identify any unusual or unexpected relationships that mlght indicate
risks ol materlal misstatement due to fraud.
In addresslng the risk of fraud due to management override of internal controls we tested the appropriateness
of joumal entries and assessed whether the judgèments made in making accounting eslimales were indicative
of a potential bi8S.
Due lo the inherent limitations of an audit, there Is an unavoidable rfsk that we may not h8ve detected some
material misstatements In the financial statements, even though we have properly planned and performed our audit
in accordance with auditing standards. For example, as wllh any audil. there remained a higher risk of non-detection
of irregularlties, as these may involve collusion. forgery, intentional omissions, misrepresentations. or the override of
Internal conlrols. We are not responsible for preventing fraud or non-compliance with laws and regulations and
cannot be expected to delect all fraud and non-compliance with laws and regulatlons.
A further description of our responsibilltiey is available on the Financial Reporting Council's webslte at.. httPS:11
￿￿￿.frC.Org.UkIaudlt0r8respQnSlbllitles. This description fcinns part of our auditorfs report,
Use of our report
This report is made solely to the charflable company's members, as a body, in accordance with Chapter 3 of Part 16
of the Companies Act 2006. Our audit work has been undertaken so Ihal we might state lo charitable company's
members those matters we are requirod to state lo Ihem in an auditors, report and for no other purpose. To the
fullest extent permitted by law, we do not accept or as,sume responsibility to anyone other than the charitable
company's members as 8 body, for our audit work, for this report, or forthe opinions we have formed.
Nathaniel David90n BA(Hons) ACA Isenlor Statutory Auditor)
for and on behalf of Loplan Gross Barnett & Co
30 ZOU
Chartered Accountants
ststutory Auditor
1 st Floor, Cloister House
Riverside
New Bailey Street
Manchester
M3 5FS

THE HELPING FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2024
Unrastricted Unrestricted
funds
funds
2024
2023
Notes
Income and endowments from:
Donations and legacies
Investments
Other income
8,000,000 2,504,837
23,570,951 23,339,002
3,260,000
Total Income
34,830,951 25,843,839
endlture on.
Propety holding costs
1,716,254 3,690,498
Charitable activities
14,433,245 15,211,180
Total resources expended
16,149,499 18,901,658
Gainsl(losses) on investments
12
(1,672,731) {18,838,139)
Net Incomellexpendfture) for the yearl
Net movement In funds
17.008,721 (11,693,958)
Fund balances at 1 January 2024
402,354,591 414,048,549
Fund balances at 31 December 2024
419,363,312 402,354,591
The Statement of Ilnancial activities indudes all gains and losses recognised in the year.
All income and expenditure derive from continuing activitles.
The statement of financial activities also complies with the requirements for an income and expenditure account
under the Companies Act 2006.

THE HELPING FOUNDATION
BALANCE SHEET
AS AT 31 DECEMBER 2024
2024
2023
Notes
Flxed a•$ets
Investrnent properties
14
393,162,869
401,373,097
Current a850ts
Debtors
Cash at bank and in hand
1,448,767
33,622,605
2,614,428
18,209,031
35.071.372
18,823,457
Credltors: amounts falling dua wlthln
one year
17
(8,890,729)
(11,104.507)
N•t current as￿8
26,180,643
7,718,950
Total us•ts l•as curr•nt IlabllltlftA
419,383,312
409,092,047
Credltors: amounts falllng duo aftor
mor• than one year
18
{8,737,4S6)
N•t a880ts
419.363,312
402,354,591
Income funds
Un￿StriCted funds
419,383,312
402,354,591
419,363,312
402,354,591
The financlal slalemenls were approvèd by the Trustees on ....
D Neuvlrth
Tru•tee
Company Reglstratlon No. 05070736
10-

THE HELPING FOUNDATION
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2024
2024
2023
Notes
Cash flows from operatlng actlvltles
Cash absorbed by operations
21
(5,020,203)
(17,691,882)
Investlng actlvltles
Purchase of investment property
Proceeds on disp08al of investment
property
Repaymentsl(drawdownsl of investment
loans and receivables
Interest and rent received from investments
(17,198,848)
1104,678)
23,716,545
(2,900)
23,570,951
34,739
23,339,002
Net cash gènerated from Invastlng
actlvltles
30,085,748
23,269,063
Flnanclng actlvltlo8
Repayment of bank loans
(6,990.508)
128,404,525)
Net cash used In flnanclng actlvltlos
(6,990,508>
(26,404,525)
Net Increasel(decrea8e) In cash and cash
equlvalents
18,075,039
(20,827,344)
Cash and cash equivalents at beginning of year
15,547,566
36,374,910
Cash and cash equlvalents at end of year
33,622,605
15,547,566
Relatlng to..
Cash at bank and in hand
Bank overdrafts included in creditors
payable within ane year
33,622,605
16,209,031
(661,465)
11

THE HELPING FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Accountlng policies
Charlty Infomiatlon
The Helping Foundation is a public benefit entity and a private company limited by guarantee, Inco￿orated in
England and Wales and a registered charity in England & Wales. The registered office is 1 Allandale Court,
Waterpark Road, SALFORD, M7 4JN.
1.1 Accountlng conventlon
The financial statements have been prepared in accordance with the charity's Memorandum and Articles, the
Companies Act 2006 and "Accounting and Reporting by Charities.. Statement of Recommended Practice
applicable to charities preparing Iheir accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)" The chanty is a Public
Benefit Entity as defined by FRS 102.
The financial statements are prepared in sterling. which is the functional currency of the charity. Monetary
amounts in these financial statements are rounded to the nearest £.
The financlal statements have been prepared under the historical cost convention, modrfied to include the
revaluation of investment properties at falr value. The principal accounting poliaes adopted are set out below.
1.2 Golng conGem
At the time of approving the financial statements, the Trustees have a reasonable expectation that the charity
has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees
continue to adopt the going concern basis of accounting in preparing the finanaal statements.
1.3 Charltable funds
Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable
objectives.
1.4 Income
Income is recognised when the charty Is legally entitled to it after any performance conditions have been met,
the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognlsed on receipt. Olher donations are recognised once the charity has been notified
of the donation, unless perfomiance conditions require deferral of the amount. Income tax recoverable in
relation to donations received under Gift Aid or deeds of Covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impendlng distribution,
the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a
contingent asset.
Investment income represents amounts receivable for rentals and services net of VAT. The rental income is
recognised on the commencement of a lease, adjusting for any rent free periods.
1.5 Expenditure
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which
cannot be fully recovered, and is classified under headings of the statement of financial activities to which it
relates.
Expenditure on charitable activities includes all costs incurred by the charity in undertaking activities that
further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to
the governance of the charity apports.oned to charitable adivites.
12-

THE HELPING FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Accountlng policies
{Contlnued)
1.6 Investment property
Investment property, which Is property held to earn rentals andlor for capital appreciation, is inits-ally
recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently
it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in
income and expenditure.
1.7 Cash and cash equlvalents
Cash and cash eqLJiV31ents include cash in hand, deposits held at call with banks, other short-term liquid
investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown
within borrowings in current liabilities.
1.8 Flnanclal Instruments
The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12
'other Financial Instruments Issues, of FRS 102 to all of its financial instruments.
Financial instruments are recognised In the charity's balance sheet when the charity becomes party to the
contractual provisions of the instrument.
Financial assets and liabilities a￿ offset, wlth the net amounts presented in the financi81 staternents, when
there is a legally enforceable right to set off the recogni5ed amounts and there is an intention to settle on a net
basis or to realise the asset and settle the liability simultaneously.
Baslc financlal assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at
transaction price including transaction costs and are subsequently carried at amortised cost using the effective
interest method unless the arrangement consts'tutes a financing transaction, where the transaction is
measured at the present value of the future receipts discounted at a market rate of interest. Financial assets
classified as receivable within one year are not amortised.
Basic financlal Ilabllitie3
Basic financial liabilities, includlng creditors and bank loans are initially recognised at transaction price unless
the arrangement constitutes a financing transaction, vthere Ihe debt instrument is measured at the present
value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable
within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or 8en4ice8 that have been acquired in the ordinary course of
operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one
year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at
transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognition of financlal liabllltles
Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or
cancelled.
1.9 Employee beneflts
The cost of any unused holiday entitlement is recognised in the period in which the employee's services are
received.
Termination benefits are reGognised immediately as an expense when the charty is demonstrably committed
to teminate the employment of an employee or to provide termination beneffts.
13-

THE HELPING FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Crltlcal accountlng estimates and judgements
In the application of the charity'5 accounting policies. the Trustees are required to make judgements,
estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent
from other sources. The estimates and associated assumptions are based on historical experience and other
factor5 that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in which the estimate is revised where the revision affects only that
period, or in the period of the revision and future periods vthere the revision affects both current and future
periods.
The property valuations are considered a material estimate and are dealt with in more detail in note 14.
Donatlons and18gaclas
Unrestrlcted Unrastrlcted
funds
funds
2024
2023
Gift aided donations
8,000,000 2,504,837
Invostment8
Unrn8trlct8d Unrestrlcted
funds
funds
2024
2023
Rental income
Interest receivable
22,294,701 22,133,865
1,276,250
1,205,137
23,570,951 23,339,002
Other Income
Unrestrlcted Unrestrlcted
funds
funds
2024
2023
Lease surrender premiums
3,260.000
14-

THE HELPING FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Expenditure on charitable actlvities
Unrestrlcted Unrestrlctsd
funds
funds
2024
2023
Direct costs
Charitable grants to institutions
14,367,167
15,132,650
Share of support and govornanc• costs (soe note 9)
Support
Governance
12,944
53,134
41,399
37,111
14,433,245
15,211,160
Analysls by fund
Unrestricted funds
14,433,245
15,211,180
A further £6,990,506 was repaid on loans. These loans helped maintain the Investment Propety portfolio
which in turn facilitates charitable activits'es.
During the year the charity also made additions to its Investment Property of £17,200,552 which will enable
the charity to pursue its activities further.
Property holdlng costs
Unrestrlcted Unrestrlcted
funds
funds
2024
2023
Ground rents, insurance premlums, legal and professional fees
Interest payable
1,564,708
1,685,929
151,546 2,004,589
1,716,254
3,690.498
Net movement In funds
2024
2023
The net movement in funds is stated after chargingl(crediting):
Fees payable to the charity's auditor..
for the audit of the charity's financial statements
for other financial services
Profit on disposal of investment property
36,000
2,134
(6,346,545)
36,000
1,111
15-

THE HELPING FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Support costs
Support Governance
costs
costs
2024
Support Governance
costs
costs
2023
Support costs
12,944
12,944
41,399
41,399
Audit fee5
Accountancy
Legal and professional
36,000
2,134
15,000
36,000
2,134
15,000
36,000
1,111
36,000
1.111
12,944
53,134
66,078
41.399
37,111
78,510
Analysed between
Charitable activities
12,944
53,134
66,078
41,399
37,111
78,510
10 Trustees
None of the Trustees (or any persons connected with them) received any remuneration or benefits from the
charity during the year.
No expenses were paidlreimbursed to the Trustees by the Charity in the year.
11 Employees
The average monthly number of employees during the year was:
2024
Number
2023
Number
Total
There were no employees vthose annual remuneration Y￿S more than £60,000.
12 Net galnsl(losses) on Investments
Unrestrfctod Unr88trfcted
funds
funds
2024
2023
Revaluation of investment properties
Gainl{loss) on sale of investment properties
(8,019,276) (18,636,139)
6,346,545
(1,672.731) (18,636,139)
13 Taxatlon
The charity is exempt from tax on income and gains falling viithin section 505 of the Taxes Act 1988 or section
252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitsble objects.
16-

THE HELPING FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
14 Investment propèrty
2024
Falr value
At 1 January 2024
Additions through acquisitions and gifts
Disposa15
Net gains or losses through fair value adjustments
other changes
401,373,097
17.200,552
(17,370.000)
<8,019,278)
(1,704)
At 31 December 2024
393,182,669
The fair value of the investment properties has been arrived at on the basis of valuations carried out by Mr A.
Weis and Mr S. Weis, Trustees who have extensive experience viithin the property sector. Methods adopted
include comparing property values to similar properties and the assessment of comparable rental yields. The
valuation was made on an open market value basis by reference to market evidence of transaction prices for
similar properties.
15 Debtors
2024
2023
Amounts falllng due wlthln one yoar:
Trade debtors
Other debtors
Prepayments and accrued income
642,591
292,212
513,964
1,507,419
313,607
793,400
1,448,767
2,814,426
16 Loans and overdraft¥
2024
2023
Bank overdrafts
Bank loans
861,465
6,990,506
7,651,971
Payable within one year
Payable after one year
914,515
6,737,456
The long-term loans were secured by fixed charges over the investment properties of the charity.
The charity had multiple loans across a range of banks, with interest rates being based on a mixture of °
above Base rates.
17-

THE HELPING FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
17 Credltors: amounts falling due wlthln ona year
2024
2023
Notes
Bank loans and overdrafts
other taxation and social security
Trade creditors
other creditors
Accruals and deferred income
16
914,515
797,813
1,221,537
3,235,005
4,935,637
695,215
1,037,825
2,619,578
4,538,311
8,890,729
11,104,507
The bank loans were secured by fixed charges over the investment properties of the charity.
18 Crndltors: amounts falllng due after more than one y•ar
2024
2023
Notes
Bank loans
16
6,737,458
The long-temi loans were secured by fixed charge5 over the investment properties of the charity.
19 Unregtrlcted funds - Deslgnated
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are
not subject to specific conditions by donors and grantors as to how they may be used. These indude
designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
At31
Dacomber
2024
At 1 January
2024
Incomlng Resources
resourc•s
expended
Galns and
1085es
General funds
402,354,591
34,830,951 (16,149,499) (1,672,731) 419,363,312
Prevlous year:
At 1 January
2023
Incomlng
resources
Resources
expended
Galns and
losses
At31
December
2023
General funds
414,048,549
25,843,839 (18,901,658) (18,636,139) 402.354,591
18-

THE HELPING FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
20 Relat&d party transactions
A.W. Charitable Trust, which is connected to trustee Mr A IAleis, was owed £nil (2023: £2,029,320) as at the
year end. The loan balance was repaid in full. The loan was repayable on demand and no interest was
charged in the year with no security on the debt.
Combined Property Control, which is connecled to trustee Mr A INeis, was owed £1,693,354 (2023.. £219,307)
by the charity as at the year end. The loan is repayable on demand and no interest was charged in the year
with no security on the debt. The loan was repaid p05t year-end.
Mr A Weis, who is a trustee, was owed £nil (2023: £661,000) as at the year end. The loan was repayable on
demand and no interest was charged in the year with no security on the debt. During the year Mr A Weis
made donations of £8,400,000 (2023: £2,000,000) to the charity.
British Friends of Ezrat Yisrael Kiry8t Sefer, which is connected to trustee Mr D Neuwirth received £2,514,218
in charitable donations from the charity during the year.
Convalescent Retreat Llmited, which is connected to trustee Mr D Neuwith recelved £445,000 in charitable
donatlons from the charity during the year.
RNH Synagogue & College Ltd, which is connected to trustee Mr D Neuwirth received £745,000 in charitable
donations from the charity during the year.
The Sympathetlc Trust, which is connected to trustee Mr D Neuwirth received £242,000 in charitable
donations from the charity during the year.
OHR Torah Ltd, vthich is connected to trustee Mr D Neuwirth received £15,600 in charitable donations from
the charity during the year.
MrA INeis vtho Is a trustee of the charity sold property to the charity in the year at a c05t of £18,500,000.
21 Cagh absorb•d by operatlons
2024
2023
Surplusl(deficit) for the year
17,008,721 (11,693,958)
Adjustments for:
Investment income recognised in statement of financial activrties
Gain on disposal of investment property
Fair value gains and losses on investment properties
(23,570,951) 123,339,002)
(6,346,545)
8,019,278
18,638,139
Movements In worklng capltal:
Decreasel(increase) in debtors
(Decrease) in creditors
1,168,559
(1,299,263)
{676,550)
(618,511)
Cash absorbed by operntlons
(5,020,203) (17,691,882)
19-

THE HELPING FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
22 Analysls of changes In net funds
At 1 January
2024
C•gh flows At 31 December
2024
Cash at bank and in hand
Bank overdrafts
16,209,031
(881,465)
17,413,574
861,465
33,622,605
15,547,566
18,075,039
33,622,605
Loans falling due within one year
Loans falling due after more than one year
(253,050>
(8,737,456)
253,050
6,737,456
8,557,060
25,065,545
33,822,605
-20-