REGISTERED COMPANY YUMBER.. 05423453 (England and Wales) REGISTERED CHARITY NIJMBER: 1112150 Report of the Trustees and FinanclAI StAtements for the Year Ended 31 March 2025 for Belz Foundation Ltd Martin + Hellcr Chartered Accountants and Re815tcied Auditor 5 NTorth End Road London W117RJ Belz Foundatloll Ltd Report of the Trustee5 for the Year Ended 31 March 2025 The tvustees who are also directors of the charity for the puryjoses of tlle Companies Acr 2LK16, preseil their report with the financial gtsiements of the charily for the year ended 31 March 2025. Thc I￿￿teeS havc &dopted the provtsions of Accounting and Reporting by Chariiies.. Statemeni of Re¢ollllnended Practice applicable io ¢hariLes PTepaTin¥ their accounts in accordaftce with th¢ Firkancial ReFXYrting S￿ndard applicablc in th¢ UK and Republic of Ireland IFRS 102) {effe¢tive l January 2019). OPJEcfivES AIYD ACTIVITIES Objectivtt &Dd aims The objectives of the Charity a￿ to raise fund8, ¢ollect donations and apply the funds. and income ol. Ihe charity for the benefit of ¢haritsble purposes and particularly for the purpose ot the advancement of the Jewish religious faith and the relief of poverty. The charity operates a voucher sysiem to facilitst¢ the receipt of donations and distribu-.ion of fimds. Publlc benefit The tr￿s￿eS confirnj their cornpliance with the duty to have due regard io Ihe public benefit guidance pub12shed by the Charity Commission when reviewir.8 the Charitys ain)s and objectives in plat￿Ing fvIU￿ activtties. GrantmaklnR Belz Foundation Limitd makcs donations to charitablc instiluitons in accordance with its Articles of A&iociatio The trnSt￿s havc pcrsonal knowlcdgc of the rc¢ipicnt organisations and iheir trUSt￿S and arc thcTC.orc able to ￿Ur¢ that donations made are Uiibsed in accordance with the objectives of B¢lz Foundation Limited. STRATEGIC REPORT Acbievements and performance The tnjslees consider that the perfonnance of the charity this year has been most satisfactory. Substantial funds have been granted to institutions during the pertod from the contributions receivcd from donors. The Statemeni of Financial Activities shows a net sutylus for the year of £20.891 after making combined total grants of £1,173,715 and the reserve stand at £24.32]. FlnAn¢ial review PrlD¢ipai futhding sourees The charity is pleased and fortunate to receive donations from a numbcr of organisations and indivRdua]s. Overall the charity has experienced a good year and hopes it will continue to do so nexi yw. Reserve5 polley It is the charitys policy that only timds that have cleèred the bAnk be allowed to be drawn by donor's vla the vouchcr by141cm. The ch8rity's ttvstccs believe th&t rcservcs havc to be maintaincd at a level eqLiival¢nl to the dollo￿ ,Jonstlions, in order to be available to be distributcil Dn the basis of their wishes. Page I Belz Foundadoll Ltd Report of the Trustees ror the Year Ended 31 March 2025 STIL4TEGIC REPORT Princip41 rfsks and uncertaindes The chariry is eonynitted to a policy of identifying. monitoring and manttgins thos¢ risks that might adversely affect th¢ acrivities in which it is involved. In this context, iisk 15 defined ls the potential for105s, both financial and reputstional. inherent in the environment in wbich the charity operates and in the nature of the transactions undertaken. The Trustees believe that an appropriate revi￿ of ri%ks is necc5sary. risks are ranked and periodically reviewed, and appropriar action is identified adc4uately manhge the conwuences of the risks. The Tn￿[¢¢$ have overall responsibility for th¢ chan'ty's 5ySl¢m5 of internal control that are d"signed by senior Matt4e￿t in order to ensure effective and ¢fficienl operation& irtcluding finiincial reporting, and Lompliuur¢ with .aws and iegulations. In establishin8 and reviewing system8 01" internal control, the Trustee5 and senior management have regard to the materiality of relevant rtsks. the likelffthood of loss being incU￿ed and the cost of control. The Tnlstres ￿lIeVe that the piincipal risk identified 15 from external sources when a change in Gift Aid ffgula¢ions could affttt busine&s. M¢asur¢s ￿ reduce the risk and assess matters regularly hav¢ been taken. Future p14ns The tnkstees plan to continue to make distributions in accordance with their grnnt m8king policy and to ensure that the ability to geneTate sufficient income is maintained to ￿hleYe that end. STRUCTURE, GOVERNANCE.LND WAGEMENT Governing doeument The charity is controlled by its goveming d(Kumenr memorand53m and articles of association and ￿x￿tI1Ut¢5 a limited ompany, limiled by guardnlee. &$ defined by the Companies Aci 2006. Recrnitment and appointment of trustees The In￿1￿ are appointed according to the Articlcs of ASS￿l4110n. Indurdon and tralninE of new truste AU new truslees are give￿ in the view of Ibe board. sufficienl training and have enough knowledge of their specific field lo unde15￿d the natyre of the charity and ￿]lY comply with the charities view5 of its progression. New tn￿te¢S undergo a briefing to ensure they are awarc of both their Icgal and professional responsibilities under chariiy aDd company law. Risk Mall￿ement The have 8 duty to identify and review the risks to wh?ch the charity is exposed and to ensure appropriate culltrols 8re place to provide reasonable a8sufRnce 88aTnst fraud and error_ REFERENCE AND ADMINISTRATIVE DETAILS R¢gtstered Company number 05423453 {England and Wales) Registered Charity number 1112150 Regtst¢red office l Belz TeTrac¢ E5 9SN' Trustees A Klein Y M Sterniiicht Pttge 2 B* Foundation Ltd R¢port of the Trustees ror the Year Ended 31 March 2025 REFERENCE AIND ADMINISTRATIVE DETAILS Company Secretary Auditor Martin + Heller CThanered Accountattts and Regi8tered Auditoi 5 Iyorth End Road tA)ndon STATEMENT OF TRUSTEESI RESPONSIBILITIES 'rhe tr￿SteeS (who are also the directors of Belz Foundation Lid for the purposes of company law) are responsible for preparing the Repott of the Trustees and the financial 5tarements in acwrdan¢e with applicable law and Lnited Kingdom .4ccounting Stsndards (United Kingdom GeneTally Accepted AcLounting Prdctice). Company law requires th¢ lrysltts to prepare financial statrments for each fllwiLtal year. Under that law, the trustees have elected to prepare the financi&l stat¢ments tn accor(lance with United Kingdom Generally Ac¥epted Accounting Practice (United Kingdom Accounling Standards and applicable law). Under company law the trustees must noi approve the financial statements vnless they a￿ satisfied that th¢y give 8 kne and fair view of the Stale of affairs of the charitable company and of thc incoming resourccs and application of resources. including the income aud expenditure. of the ch￿l￿ble company for that peri￿1. ID preparing those financial statem¢nt5, the trustee5 arc requir¢d to select suitabl¢ accounting polici¢s and then apply thcm consistently. observe the m*h¢)ds and principles in the Clwities SORP,. make judgements and estimates Ihat are reasonable and prndeni. State whether appltcable accouDisng standard5 have been fouowed. subject to any material departures disclosed arml explained in thc financial stslements: prepaTe the financial ststements on the going concern basis unless it is inapproprkate to presume thai the cbaritable Company will continue in business. The bvstees are responsible for keeping proper accountin2 records which disclose with reasonable accuracy at any lime the finanLial Position of the charitable company and to enable them to ensu￿ that ihe fjnancial statemcnls Lomply with the Companies Acl 2IX)6. They are also responsibl¢ for safeguarding the asscis of the charitable company and hcncc for taking ￿asOnable steps for the pr¢vention and ddection of fraud and other irregulaTities. An so far as the trnstees are aware: there is rLO relevant audlt information of which the charitsble compon￿& auditoIs are Unawa￿. and the trustees have tyken all steps that they ought to have tak¢n to make themselves aware of any relevant audit infomiation and lo establish that the auditors are aware of thal inforn￿tion. AUDITORS Thc auditors. Martin + Heller. will ￿ proposed for fc•appoinlment at the forthcoming Annual General Meeting. Report of the incorpordtin a strategic rcpon. approved by order of the board of tTUSteei, as the company and SI￿1¢d on the board's behaifby.. -4 Klein - rustee Pag¢ 3 Report of the Independent Auditors to the Members of D(k foullOdll'Qll LIQ Opinion We bave audited the fujancial ststements of Belz Foundation Ltd (th¢ '¢haTitsble company,) for the year ended 31 March 2025 which ¢omprisc the Star￿( of Financial Activities, the Balance Sbe¢L the Cash Flow Sts*meni and T]oles to the financial statements. including a sutnniary of significanE accounting FK)licies. The finyncial reportin8 framewo￿ thai has becn 8pplied in their preparation is applicable law and United Kingdom Accounting Standardq Iuniled kn¥dom Generally Accepied AL'LLlUllting Pruclice). In our opinion the financlal slatements.. give a tN¢ and fair view of IhL ststc of the charitsble companys affaiT5 &8 at 31 March 2025 and of its incoming Tesoutt¢s and appli¢&tion of resources, Èncluding its income and expenditure. for the year then ended: have been properly prepared in ￿￿OrdanCe with United Kingdom Cyenerally Accepted A¢cA)unling Pra￿te¢. and have been prepared in ac¢ordance with the requirements of the Companies Act 2006. BASIS for opinion We conducted our audit in accordance with Intcrnational Standards on Auditing (UK) {ISAs (UK)) and applicable law. Our respO￿81b111IIcS und¢r thosc standards are ￿rthcr doscribed in ihe Auditors, wsponsibilities for thc audit of the financial statements section of our report. We are independent of the charitable company in accordance with th¢ ethical TwuircmLY)ts that are relevant lo our audit of the financial 5talem¢nts ihe UK. incluth'ng the FRC'> Ethical Standa and we have ￿lfilled our other ethical responsibilities in accordance with Ihesc rcquiremenls. We believe that th¢ audit vidence we have obtained is sufficieni and appropriate to provide a basis for our opinion. Conelulions relailng to goln8 eoncern In audiliog the financial Stsfrmenis. we have concluded that the trustees, use of the going concern basis of accounting in the preparation of the financtal statements is appropriate. Based on the work we have perforn]ed, we have not identified any material uncertainties relating to e'rfents or conditions thaL individually or collectively, may cast significant doubt on the charitsble company's ability to ¢on¢inue as a gotng concern for a pcriod of at least Thvelvc months from when the financial statements ar¢ authorised for issue. OUT responsibilities and the reS￿)nSIbl]Itte$ of the trnstees with respect to going concern are described in the relevant sections of this reporL Other inforniatioD The tr￿Ste¢S are responsible for the other infom?ation. The other information comprises the inforniation included in the .4nnual ReFK)rt other than the financial ststcmenis and our Rep)rt of the Indepcndent Auditors thereon. Ow opinion on the f￿ancial statements does noi cover the other infotrnation and. except to thL extent oth¢rwise explicitly stat¢d in our rq)ort. we do not express any form of assuranc¢ conclusion thereon. In connection with our audit of the financial Slatements. our responsibility is to read th¢ other infom)atioD an(l in doing so. consider wheth¢r the other infonnation TS materially inconsistent with thc ftnancial statements or our knowledge obtained in the audit or otherwise appcark to bc matcrially misstat¢d. If we id¢ntify such material inconsistencics or appaTenl m&terial misstaternenW u'e ￿e required to dctennine whether this gives risc to a material misstaicmeni m Ibe financial staternents themselves. It, based on rhc work have pcrfom]ed, we conclude that Liere is a material misststem¢nl of this other infornlation. we are required to rcport th&t faci. We bavc nothing lo report iti this r¢gard. Oplnlons on other matter5 prescrlbed by tbe CompAnies Aet 2006 In our opinion, based on the work uiiderraken in the Course of rhe &udil.' the inforniation given in the RetA)rt of the Trustees for the financial year for wh?ch the financial ststements are prepared is Consistent with the fin8JJcial slatements; and the Report of the Tn￿teeS has bccn prepared in accordance with applicablc legal requirements. Page 4 Report of the Independent Auditors to the Members of Dclz foundallon Lld Matters on whkh we gjre requlred to report by exception In the li8ht of the knowledge and vnderstanding of the charitable company aod ils envirotunent obtained in the cOu￿e of the audit, we have not idcntified matcrÈal misstalcmcnls in Ihc Rcwrt of the Trustccs. We have nothing to ftport in respect of the following matters whert the Companies Aci 2(M)6 requires us to repon ￿ you if. in our upinion.. adcquale accounting records have not b¢¢n kept or rcturns adequate for our audit ha￿.¢ noi b*xn rcc¢ived from brdnches not visited by u5.. or thc financial statements are noi in agreement with the accounting rccor(L8 and returns- or certain disclosures of trustees. remuneration specified by law are noi Inade: or we have noi received all the inforn)ation and explaTtations we require forour audit. Rwnsibilities of trus¢ees As explained more fijlly in the Stateinent of Tntstees, Responsibilities, Ihe tn￿te¢S (who are also the diTeetors of the charitsble company for the purposes of company law) are responsible for the prepararion ofthe finanbial statements and for being 5Atisfied that they givc a truc and fair vicw, and for such intcrnal control as the tN8tees deternjine is necess&ry to enable the preparalion of financial s￿lements that are free from material rnisstaiemenl, whether due io fraud or error. In preparing the financial statements. the tsi]stees are responsible for assessing the charitable ¢ompany's ability to Lontinue as a going concern, disclosing. as applicabl¢. matters related io going concern and using the going conc￿￿ basis of a¢cowiting unless the tr￿Ste¢S either tnlend io liquidate the charitable company or to cease ()per&tions. OT have no realistic 8ltcnulivc but to do so. Page 5 Report of the Independent Avdtton to the Members of hk fvullglRgll btu Our resp)nslbllltles for the audlt of the finan¢lal statements Our objeLtives aff to obtdin reasonable assurance about whether the financial statements as a whole are free from material misstaicmcnl, whcthcr duc to fraud or e￿Or. and to iS5uc a Rcport of thc Indcpcndcnt Auditors that includes our opinion. Reasonable assuTance is a high level of assurance. but is not a guayamee that an audit condu.-ted in accordance with TSAS (UK) will always delect a matrial misstatment when it exist& Misstatements c8n arise from fraud or eTror and are considered maierial if. individually or in the aggregate. they could Msonably be expected to influence Ètle cconornic decisions of users tsken on the basts of these finaThcial statemcnLS. The extent to which our prLKedures are capable of detecting iTrcgularitie& incluth'ng frdud is detailed beluw: lTh¢gularities. including fraud. are instances of non-compliance with laws and regulations. Wc design procedures in line with our respo￿lIbIlIties. outlined above. to delect material misslalements fftn respect ot- irye8ularilie.'>. including fraud. Th¢ extent to which our procedures are capabl¢ of delecting irregularities, including fraud is detailed below.. - We assess compliance with applicRble laws and r¢£ulations that could reasonably be expected to have a maÈerial effect on the f]nancial slal¢menis. The key laws and regulations we have considered in this &)ntexi included the Cbarities SORP (FRS 102). In addilioll. wc have con&1(1¢￿d provisions of other laws aThJ ￿E￿latIOnS that do not have a direct eifect on the f￿￿￿1￿[ statements bu( compliance with which may be ￿ndall)ental to the ¢c,mpany's ability lo opernte or to avoid a material penalty. The extent lo which our proccdur¢s are capable of detrL'ting irregularilies, including ￿ud is d¢tsiled below. Based on the results of our risk assessment w¢ Ik5igned our audit procedures to idcntify non4compliance with sueh laws and regulations id¢ntified above.we discussed wsth management ihc extent of compliance wilh those laws and rcgulations ag part of our auth't procedurcs. We addtess the risk of fraud through management oveEride of eontrols, by obtsining 8n Unde￿-.&[la1ng of internal control #nd hy designing audit pnxedures that are appropriate and sutricient. We evaluated the appropriateness of accounting p)licies used and thc reasonableness of accounting estimates and judgements made by Management. We identified aDd assessed any significant transactions that arc unusual or outside the normal course OF business, and we incorporated testing of manual journal entries and corr￿tionS into our audit approach. -our audit procedures were designed to identify and assess risks of material misstatment in ihe fuwici81 ststemenls, whether due to frdud or ¢tYor. Thc risk of not detecting a malerial mis8tatement due to fraud is higher than the risk of not dcteciing one resulting frorn error. as fraud may involve collusion. forgery, omissions. misytprrsentstions, or mana8¢mcnt override of controls. We comrnunicated Identifi￿ laws and r¢gul8tions and potential fizud risks to all engagement team mcmbers and remained alert to any indications of fr2ud or non-compliance with jaws and re￿latIOnS throughout the auth"t. The engagement partn¢r ¢onsidcrs th¢ ¢ngAgetnent Icam Coll￿)y¢ly had thc 41propriate competence and capabilities to i(knlify or recogni2e non Unre8tricteAI funds 12 24.321 3.430 TOTAL FUIYDS 24.321 3,430 ial sthtem¢nts WCTC approved by thc Board of Trust¢¢s and autboTiscd for issue ..￿.¥..-.￿. amd weiE signed on its behalf by: L7 A Kl¢in - Trustec The uotes form pan of Lhese financial sTr￿mentS Pagc 9 Bekn Foundatlon Ltd Cajh Flow StatetneTht for tbe Y￿r Ended 31 Marth 2025 31.3.25 31.3.24 Notes Cash Ilows from operating actirfties Cash 8￿crdt¢d from opcrdtlOU5 Inlercst paid 101,065 (916) 2.433 (599) Nct c&8h provided by 0￿r￿ting actiyilies 100,149 1,834 Cash flows from flnxnclng gcdvltles Loan r￿aYrnents in year (6,011) {5.373) Net cash used in fJnancin8 activities (6.011) (5.373) Ch8Dge In t￿b and c4sb equlvalents In the reporting period Cash and cash equlvalents at the beginnkng of the reportlng period 94,138 (3,539) 9,338 12,877 C&$h and cash equ1v￿¢￿tr at the end of the reportRng perlod 103,476 9,338 The notes fonn part of these financial statements Page 10 Belz FoundAttOll Ltd l%ot¢¥ to the c.ash FIoT¥ Statement ror the Year EDded 31 March 2025 RECONCILIATION OF YET INCOMD(EXPENDITURE) TO NET CASH FLOW FROM OPE114TtNG ACTIVITtES 31.3.25 31.3.24 Nei Incomel(expendlture) for the reporting period (as per the Statement of FlnanclAI Actlvltles) Adjustments for: Interest paid Decrea￿ in debiors (Ikttta8eyinmsc in creditors 20,891 (917) 916 140.(K)O (60.742) 599 2.751 Net cash provhded by operations 101,065 2,433 )ALYSIS OF CHANGES ILN .%ET {DEBTyFL'IYDS At 114124 Cash flow At 3113125 Net e4sh Cash at bank 9,338 94,138 103.476 9,338 94,138 103.476 Debt Debts falling due within l year Debts falling due after l y (10.(K)O) (24,72? ) 5.000 1.011 {5.0(K)) (23,711) (34.7?2) 6.011 (28.711) Total (25.384) 100.149 74,765 The tsotes form part of thtse financial stslements Pag¢ll Belz Foundadon Ltd Not¢s to the Fln*ncR*l StstemeDts for the Year Ended 31 March 2025 ACCOUNTING POLICIES Basls of preparlng tbe flllAn¢lal ￿lleMentS Th¢ financial statements of the charitable company. which is a public benefit entiry W)d¢r FRS 102. hY4ve been prepared in accordance with the Charitt￿ SORP (FRS 102) 'Accoullling and Rcporting by C'lwities.. Ststernent ot Recommended Praetice applicable to charities prcpanng their accounL8 in accordance with the Ftnanci21 Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) (effedive l January 2019),. Fil￿1¢]41 Reporting Standard 102 'The Finattcial Reporting Stsndard 2ppli¢4ble in the UK and Republtc of Ireland and the comp￿71¢$ Act 2￿6. The f￿anCial statements have been ptepared under the lu'storical cost convention. Ineome All income is reCo￿ls¢d in the Statemenl of Financial A¢tiviti¢s once the charity b88 entitlenient to the fi￿dI il is probable that the income will bc received and the amount can be measured reliably. Expendlwre Liabiliti¢s are recognised as exp¢ndilure 8s soon as thcrc is a legal or conslruciive obligalion committing the charity to that expenditure. it 15 probable that a tra￿￿reT of economic benefits will be required ill sentement and the amount of the obligation can be measured reliably. Expendin￿¢ is ￿counted for on an accruals bLsis and has been classified under he￿ing8 that aggregate all cost related to the category. Where costs cannot be dirtctly atfTibuted to p4rtÉcular hcadings they have becn allocalcd lo activities on a basi5 consisleni with th¢ of resource5. Grants offer¢d subjcct to cunditsons whiLh have noi been met al the year end dat¢ are not&J &4 a commitEneni bul nol accrucd as expenditur¢. TAxathoD The charity is exempt from corpordtion tax on its ¢h8ritable activities. Fund *otounting Unrestricted funds can be uscd in occordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular ￿StrICted pU￿oSeS within the objects of the charity. Restrictions arise when specificd by thc donor or whcn funds arc raised for parttcular rcstricted purposes. Further explanation of the nature and pwpose of each ￿nd is included in th¢ notes lo the fin8nciid sthtements. DONATIONS AND LEGACIES 31.3.25 31.3.24 Donation5 1201,443 753,782 Page 12 ontinued... BetL Foundation Ltd Notes to the Financixl Statements- continued for the Year Ended 31 Mirch 2025 CHARrrABLE ACTtVlTIES COSTS Grant funding of activities {see note 4) Donations 1.173,715 GRANfs PAYABLE 31.3.25 31.3.24 1.173.715 751.709 Amud Hatzdokoh Trust Chevras Mo'02 Ladol Clapton Support and Advice Dover Sholem Community Trust Ezer Vfftznitz Foundation Merkaz Torth Vechesed Ltd Moreshd Hatorah Ltd Th¢ Talmud Torah Mach2ikei Hadass TNst Less than £20,000 40,685 39,828 43.263 78.705 22.500 47,941 479,159 42,340 379.294 1,173,715 SUPPORT COSTS Governance costs Other resources eX[￿ded 6,837 TRUSTEES, REmUNE￿￿TtO,y AND BENEFITS There were no tmÉtees' remuneration or oth¢r bencfits for the ye&r cnded 31 M#rch 2025 nor foT the year ¢nded 31 March 2024. Trn$tee8' expense8 There were no trustee5' expenses paid for the year erthd 31 March 2025 nor for Ihe year ended JI M8Trh 2024. Page 13 contmued... Belx Foundatioll Ltd Nots8 to the Fillancial Ststements- continued for the Year Ended 31 March 2025 COMPARATIVES FOR THE STATEMENT OF FLYANCIAL ACTIVITIES Unrestricted fund Restricted fund Totsl funds INCOME AND Eh'DOWMEIYTS FROM Donations and legacies 753.782 753,782 EXPEYDITURE OY CbArltable #etlvldes Donations 751.709 751.709 2.990 2,990 754,699 754,699 NET INCOMEI(EXPEIYDITURE) (917) 1917) RECONCILIATION OF FUNDS Toia] ￿ndS brought foNard 4.347 4.347 TOTAL FUNDS CARRIED FORWARD 3.430 3.430 DEBTORS: AIMOUNTS FALLtNG DUE WITHIN ONE YEAR 31.3.25 31.3.24 Other d¢btoJs 90.000 230,(X)O CREDrroRS: AMOUNTS FALI,ING DUE WFfiuN ONE YEAR 31.3.25 31.3.24 Bank loans and overdrafts (see note I l) Tr8de credttors Other creditors AC￿ed expenses 5.000 314 178.930 12(X) 10,000 316 198,470 2.4 145.444 211.186 Pag¢ 14 contlnued... Bdz FoulldAtioa Ltd Notes to the Fin*n¢lal SlatemeDts- contlnued ror the Year Ended 31 Marth 2025 io. CREDJTORS.. AMOUNTS FALLING DUE AFTER MORE TKLY OliE YEAR 31.3.25 31.3.24 Bank loans (see note I l) 23,711 24,722 ii. LOANS An anpdlysis of the mawrity of108ns is given below: 31.3.25 31.3.24 Amounts falling due withi'n one year on demand: Bamk loans 10.1>00 Amounts falltng between one and two years.. B&Jk loans. 1.2 years 10.000 Amounts fjalling du¢ between two and five years.. Bank loans- 2-S years 18,711 14.722 12. MOvEmE￿T IW FUNDS Net movement in fi￿d5 At 114n4 Ai 3113125 Unrestrkted fund8 Generdl fund 3.430 20,891 24.321 TOTAL FUNDS 3.430 20.￿91 24,321 Nei movement in funds, included in the above arc as follows.. Incoming r¢source5 Resources expended Movement in fund% LTnrestricted thnds Generdl fund 1.201.443 (1.180.552) 20,891 TOTAL FLryDS 1201,443 11,180,552) 20,891 Page 15 Bell Foundadoll Ltd Notes to the Ffin8ncial Ststements- contlllued for Ihe Yur Endod 31 March 2025 12. MOVEMENT IN FU￿T)s- colltinued Comp%r*tives for movement In funds Net movcm¢nl in funds At 114123 At 3113124 Unr¢5trlcted funds General fi￿d 4,347 (917) 3.430 TiyfAL FLNDS 4,347 (917) 3.430 Compar8rive net movement in funds, included in the above are follows". Incotning Tcsource5 Resources expended -movement in funds Unrestrltted funds General fund 753.782 (754.699) (917) TOTAL FUNDS 753,782 (754.699) 1917) A eurrent y¢ar 12 months and prior y¢ar12 months combined position is as follows: Net movement in fifftds At 114r23 At 3113125 Unrestrthd fund$ General fijnd 4.347 19.974 24.321 TOTAL FbryDS 4.347 19,974 24.321 A current year 12 months and prior year 12 montks combiThLMI nd mov¢menl in funds. in¢luded in the above ate as follows.. Incoming resource5 Resources expended Movement in funds Unr¢5trlcted fund% General fund 1,955225 (1,935251) 19,974 TOTAL FUh￿s 1.955,225 (1,935,251) 19.974 Page 16 ontinued... Belz FoundstAoD Ltd Note5 to the FloaD¢ial Ststements - contlnued for the Year Ended 31 M*reh 2025 13. RELATED PARTY DISCLOSIJRF.S Donations received by the charity includc the tollowing amounts which were received from Charitie￿CoMpanlcs which have tr￿Sle¢S/dircCtors in common with Belz Foundation Limitcd: Bournebeight Limiled 20.0(KJ Donations paid by the ¢haTity include the following amounts whith were paid to chariltes which have trustees ID eommon with Be17 Foundation Limited.. Bikur Cholim Limited Ch¢v￿5 Mo'oz Ladol Chtldren Ahead Ltd Cosmon (BeLz) Ltd The Talmud Torah Machzikei Hadass Trust The Union of Orthodox Hebrew Congregations Yedidim Association Ltd 1,377 39,828 337 1225 42,340 258 13,SIX) Other debtors inclu(k the following loans due from charities which have tNstees in common with Belz Foundation Limited: Cosmon (Be17) Lid The Talmud Torah Machzthei Hadass Trust 70,(KM) 20.¢Y)O Page 17