CHARITY REGISTRATION NUMBER: 1116847 Ben Amram Charitable Trust Unaudited Financial Statements 30 November 2024 BRINDLEY GOLDSTEIN LIMITED Chartered accountants 103 High Street Waltham Cross Herts FNIA 7AN Ben Amram Charitable Trust Financial Statements Year ended 30 November 2024 Page Trustees, annual report Independent examiner's report to the trustees Statement of financial activities Statement of financial position Statement of cash flows Notes to the financial statements Ben Amram Charitable Trust Truslees. Annual Reporl Year ended 30 November 2024 The trusiees present their report and the unaudtted financial statements of the charity for the year ended 30 November 2024. Reference and admlnlsirative details Reglstered Charity name Ben Amram Charitable Trust Charlty reglstratlon number 1116847 Principal offlce 103 Manor Road London N16 SPA The trustees Mr J. Teller Ms P. Dominttz Mr M. Deutsch Independent 8xamln8r Brindley Goldstein Limited 103 High Street Waltham Cross Herts EN8 7AN Slructure, governance and management The day to day running of Ihe charity is overseen by Mr Joel Teller. New trustees are appointed based on personal competen*, specialist skills and experience. They are inducted into the working of the charity by the current board and are encouraged to read the Charity Commission's various publications. Status and AdMIni￿ratIOn The Charity. constrtuted by trust deed, dated 16 August 1995, is a Registered Charity. Risk Managemenl The trustees have a duty to identify and review the risks to whlch the charity is exposed and are satisfied systems are in place to mitigate its exposure to those risks, In particular those to the operalions and finances of the charty. Ben Amram Charitable Trust Trustees, Annual Report (contlnu•d) Year ended 30 November 2024 Oblectlves and actFvitles The advan￿Ment of the Orthodox Jewish Religion. The advancement of Orthodox Jewish Religious education and education generally. The relief of povety, old age illness. both mental and physical, and the relief of FErsons sufferiry from disability. The charitys aim is lo collect donations and to transmit funds lo approved charities and institutions as well as needy individuals. The charity is very reliant on voluntary income and receives donations both from individuals and from businesses. The charity makes grants to indlvlduals and institutions. Publlc Benoflt We have referred to the guidance contained in the Charity Commission's general guidance on public benefit in planning our future activities, and setting our grant making policy for the year, when reviewing our aims and objectives. Achievements and performance Charitable Acllvltles During the year the charity continued lo collect funds to be distribLrted to charitable instrtutions, religious bodies and poverty-stricken people. Incoming resources increased by £9,771 to £994.219 (2023: £984.4481. Grants given to individuals amounled to £305,023 (2023: £288,362). Grants to religious bodies amounted to £217,124 {2023: £264.244). Donations and gifts to individuals and religious b(Klies amounted to £455,901 (2023: £438,213). Financial review The trustees retain reserves as necessary and where appropriate, consolidate funds in order to finance the operation of the Charity, and to make payments as appropriate. Plans for fuiure periods The charty plans to Continue to collect and make donations in accordance wlth its grant making policy as in previous years, for the foreseeable future. There are no plans for any major changes. Ben Amram Charltable Trust Trustees. Annual Report (continued) Year ended 30 November 2024 The trustees. annual report was approved on 19 February 2025 and signed on behalf of the t¥)ard ol trustees by.. Mr J. Teller Trustee Ben Amram Charitable Trust Independent Examlner's Report to the Truslees of Ben Amram Charltable Trusl Year ended 30 November 2024 I report to the trustees on my examination of the financlal statements of Ben Amram Charitable Trust {Ihe charity,) for the year ended 30 November 2024. Responsibllities and basls ol report As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Acl 2011 ('the Acf)- I report in respect of my examination of the charitys financial statements carried out under section 145 of the 2011 Act and in carrying OLrt my examination I have followed all the applicable Directions given by the Charity Commission under section 145{5)(b) of the Act. Independent examiner's ￿atement Since the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I conflrm that l am qualified to undertake the examination because l am a member of the Institute of Chartered Accountants in England and Wales (ICAEW). which is one of the listed bodies. I have completed my examlnatlon. I confirm that no material matters have come lo my attention in Connection with the examlnatlon glvlng me cause to bèlieve that in any material respect: accountlNJ records were not kept in respect of the charity as required by section 130 of the Act., or the financial statements do not accord with those records. or the financial ststements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounls and Reports} Regulations 2008 other than any requirement that the accounts give a Yrue and fair, view which is noi a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounls to be reached. Brindley Goldstein Limited Independent Examiner 103 High street Waftham Cross Herts EN8 7AN Ben Amram Charitable Trust Statement of Financial Actlvltles Year ended 30 November 2024 2024 Unrestricted funds Total funds Total funds 2023 Not8 Income and endowments Donations and legacies Totsl Income 994,219 994,219 984.448 994,219 994,219 984,448 Expendlture Expenditure on charitable activities Total expendlture 990,093 990,093 990,093 990,093 1,001,642 1,001,642 Net incomel(expendlture) and net movement in funds 4.126 4,126 (17.194) Reconclllatlon of funds Total funds brought forward Total lundg carrled forward 8,025 12,151 8.025 25,219 8,025 12,151 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The notes on pages 8 to 12 form part of these flnanclal ststements. Ben Amram Charitable Trust Statemenl of Financial Position 30 November 2024 2024 2023 Note Current assets Debtors Cash at bank and in hand 11 12,082 1.869 40.386 231.829 13,951 272.215 Creditors: amounts falllng due wlthln one year Nel current assets 12 1,800 264.190 12,151 8,025 8,025 8,025 Total assets less current Ilabllltles 12,151 Net assets 12,151 Funds of the charlty Unrestricted funds 12,151 8,025 Tolal charlly funds 13 12,151 8.025 These financial statements were approved by the board of trustees and authorised for issue on 19 February 2025, and are signed on behalf of the board by: Mr J. Teller Trustee The note8 on page8 8 to 12 form part of these flnanclal statements. Ben Amram Charitable Trust Stalement of Cash Flows Year ended 30 November 2024 2024 2023 Cash f lows trom oporatlng actlvlti88 Net incomel(expendlture) 4,126 (17,194) Adjustments for.. Accrued Income {600} Changes in." Trade and other debtors Trade and other credrtors 28,304 (262,390) (229,960) {229,960) (29,029} 263,290 216,467 216,467 Cash generated from operations Net cash (used in)nrom operating activities Net (decrease)Ilncrease In cash and cash equlvalents Cash and cash equlvalents at beginning of year Cash and cash equlvalenis at end ol year (229,960> 231,829 1,869 216,467 15,362 231,829 The noles on pages 8 to 12 forni part of these tlnanclal statements. Ben Amram Charitable Trust Notes to the Financial Stalements Year ended 30 November 2024 General Infomiatlon The charity is a public benefit entity and a registered charty in EnglarKI and Wales and is unincorporated. The address of the principal office is 103 Manor Road, London. N16 SPA. Slatemem of compliance These financial statements have been prepared in compliance with FRS 102. 'The Financial Rewrting Slandard applicable in the UK and the Republic of Ireland,, the 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) (Charities SORP (FRS 102)) and the Charities Act 2011. Accounting pollcles Basls of preparaiion The financial statements have been prepared on the historical cost basis, as modrfied by the revaluation of certain finanoial assets and liabilities and investment propertles measured at fair value through income or expenditure. The financial statements are prepared in sterling, which is the functional currency of the entity. Golng concern There are material uncertainties about the chariWs ability to contlnue. Dlsclosure exemptlons Disclosures in respect of financial instwments have not been presented. Judgements and key sources of estlmation uncerlainly The preparation of the financial stalements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. In the process of applying the entitys accounting policies no signrficant judgements or key sources of estimation were made by management that have any signrficanl effect on the amounts recognised in the financial statements. Fund accounting Unreslricted funds are available for use at the discretion of the trustees to further any of the chariws purposes. Designated funds are unrestricted funds eamiarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: resiricted income funds or endowment funds. Ben Amram Charitable Trust Notes lo the Flnanclal Statements (continued) Year ended 30 November 2024 Aceountlng pollcles (continued) Incomlng resources All incoming resources are included in the statement of financial activities when entitlement has passed to the charty. it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specrflc policies are applied to particular categorles of income: income from donations or grants Is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. legacy income is recognised when recelpt Is probable and entitlement is established. income from donated goods is measured at the falr value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and seNices are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and reiurned if unspent, in which case It may be regarded as restricted. Resources expended Expenditure is recognised on an accwals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headlngs of the statement of financial activities to which it relates: expenditure on raising funds includes the costs of all fundraising activltles, events. non- charrtable trading activities, and the sale of donated goods. expenditure on charltable activities includes all costs incurred by a charity in undertaking activities that further Its charitable aims for the benefit of its beneficiaries, including those support costs and costs relatlng to the governance of Ihe charity apportioned to charitable actwities. other expenditure includes all expenditure that b nelther related to raising funds for the charity nor part of its expenditure on charitable activitles. All costs are allocated to expenditure categorles reflecting the use of the resouroe. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are aFportioned between the acttvities they contribute to on a reasonable, justlflable and consistent basis. Donations and legacles Unrestrlcted Totsi Funds Unrestricted Total Funds Funds 2024 Funds 2023 Donatlons DonatFons and gifts 994,219 994,219 984,448 984,448 Ben Amram Charltable Trust Noles to the Financial Statements (continued) Year ended 30 November 2024 Expendlture on charitable athivllles by fund type Unrestricted Toial Funds Unrestricted Total Funds Funds 2024 Funds 2023 Charitable actNities Support costs 989,181 912 989,181 912 998.294 3,348 1,001,642 998,294 3,348 1,001,642 990,093 990,093 Expenditure on charllable aciivllles by activity type Activities undertaken Grant funding directly of activities Sur4)ort costs Toial funds 2024 Total furKI 2023 Charitable activities Governance costs 467,034 522,147 989,181 912 998,294 912 467,034 522.147 912 990,093 1,001,642 Analysis of grants 2024 2023 Grants to Instltutlons Granls lo institutions 217,124 264.244 Grants to individuals Grants to individuals 305,023 288,362 Total grants 522.147 552,606 Independent examlnaiion fees 2024 2023 Fees payable to the independent examiner for: Independent examination of the financial statements 900 900 Staff costs The average head count of employees during the year was Nil (2023: Nil). No employee received employee benefits of more Ihan £60,000 during the year (2023: Nil). 10. Trusieo r8muneraiion and expenses No remuneration or other benefits from employment with the charity or a related entity were recerved by the trustees. No trustees expenses have been incurred. Ben Amram Charitable Trust Notes to the Fi nan¢ial Stalements (¢ontinuedJ Year ended 30 November 2024 11. Debtors 2024 2023 Trade debtors Other debtors 2,082 10.000 40.386 12.082 40,386 12. Cr8dltors: amounts falllng due wllhln one year 2024 2023 Accruals and deferred Income Other creditors 900 900 900 263.290 1,800 264,190 13. Analysis of charltable lunds Unrestricted funds At 1 December 2 023 At 30 November 2024 Income Expendrture General funds 8,025 994.219 (990,093) 12,151 At 1 December 2 022 At 30 November 2023 Income Expenditure General funds 25,219 984,448 (1,001,642) 8,025 14. Analysls of nei assets between funds Unrestrided Total Funds Funds 2024 Current assets Creditors less than 1 year Net ag8ets 13,951 {1 ,800) 12,151 13,951 {1,800) 12.151 Unrestricted Total Funds Funds 2023 Current assets Creditors less than 1 year Net assets 272,215 272,215 (264,190) (264,190) 8,025 8,025 Ben Amram Charitable Trust Noles to the Financial Statements (¢onllnuedJ Year ended 30 November 2024 15. Analysls ot changes In net debt At At 1 Dec 2023 Cash flov￿ 30 Nov 2024 Cash at bank and in hand 231,829 (229,960) 1.869 16. Related partles No trustee nor any person connected with them received any remuneration. or claimed any expense, during the year. from Ihis or any related Charity. There were no Related Party Transactlons in the Year. 12