CHARITY REGISTRATION NUMBER: 1118068 Ezer Vesaad Trust Unaudited Financial Statements 31 March 2025 THFELD & C Accountants 149A Stamford Hill London N16 5LL Ezer Vesaad Trust Financial Statements Year ended 31 March 2025 Page Trustees, annual report Independent examiner's report to the trustees Statement of financial activities Statement of financial position Notes to the financial statements Ezer Vesaad Trust Trustees, Annual Report Year ended 31 March 2025 The trustees present their re￿rt and the unaudited financial staternents of the charity for the year ended 31 March 2025. Reference and administrative details Registered charity name Ezer Vesaad Trnst Charity registration number 1118068 Principal office 105 Osbaldeston Road London N16 6ND The trustees A Perelman E Kwadrat M Rand Independent examiner Myer Rothfeld 149A Stamford Hill London N16 5LL Structure, governance and management Governing document The Charity is controlled by its goveming document, a deed of trust and constitutes an Uninco￿orated charity. Risk management The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate conlrols are in place to provide reasonable assurance against fraud and error. The Trustees have taken the necessary steps to reduce the impact of any financial risks exposed lo the Charity. The Trustees have served throughout the period. The power to appoint new tnjstees is vested in the current committee. No Trustee received any payment for their services during the period. Ezer Vesaad Trust Trustees. Annual Report (continwd) Year ended 31 March 2025 Objectives and activities The advancement of Orthodox Jewish Faith, The adVan￿Meftt of Jewish religious education, The relief of poverty, Other purposes as are recognised by English18w as charitable. Public benefit The Trustees have taken note of the Charities rules and regulations and confim that due regard has been paid to the public benefit guidance published by the Charity Commission. Achievements and perforniance The Trustees approve the accounts and express their satisfaction for the operations of the Charity during the year. During the year, the Trustees approved donations to institutions that further the aims and objectives of the Chanty. The Trustees have ensured the investtnent property of the Charity is secure and continues to generate income to further the objectives of the Charity. No income from the public was generated in the year. Financial review Property rental income was £169,940 (2024 £156,613). Charitable donations received was £33,710 (2024 - £0.00) Tolal operating and administration cost was £108,087 (2024 - £114,855). The statement of financial activities shows a net surplusl(deficit) for the year of £95,563 (2024 £41,758). Total funds at the year-end was £513.059 (2024 - £417,496) The trustees. annual report was approved on 12 January 2026 and signed on behalf of the board of trustees by.. E Kwadrat Trustee Ezer Vesaad Trust Independent Examinerfs Report to the Trustees of Ezer Vesaad Trust Year ended 31 March 2025 I report to the trustees on my examination of the financial staternents of Ezer Vesaad Trust ('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 financial statements in accordance with the requirements of the Charities Act 2011 (Ihe Act,). I report in respect of my examination of the charFty's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. Independent examinerfs statement I have completed my examinalion. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the charity as required by section 130 of the the financial statements do not accord wth those records: or the financial statements do nol comply wrth the applicable requirements conceming the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a Irue and fai¢ 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 connection with the examination to which attention should be drawn in this report in order to enable a proper Unde￿tandIng of the accounts to be reached. Myer Rothfeld Independent Examiner 149A Stamford Hill London N16 5LL Ezer Vesaad Trust Statement of Financial Activities Year ended 31 March 2025 2025 Unrestricted funds Total funds Total funds 2024 Note Income and endowments Donations and legacies Investment income 33,710 169,940 33,710 169,940 156,613 Total income 203,650 203,650 156,613 Expendilure Expenditure on raising funds.. Investment management costs Expenditure on charitable activities 73,662 34,425 73,662 34.425 80,780 34,075 Total expenditure 108,087 108,087 114,855 Net income and net movement in funds 95,563 95,563 41,758 Reconciliation of funds Total funds brought forward Total funds carried forward 417.496 417,496 375,738 513,059 513,059 417,496 The statement of financial activities indudes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The notes on pages 6 to 11 form part of these financial statements. Ezer Vesaad Trust Statement of Financial Position 31 March 2025 2025 2024 Note Fixed assets Investments 18 1,733,889 1,568,283 Current assets Cash at bank and in hand 54 26,097 Creditors: amounts falling due within one year Net current liabilities 57,884 13,884 (57,830) 1,676,059 12,213 Total assets less current liabilities 1,580,496 Creditors: amounts falling due after more than one year Net assets 14 1,163,000 1,163,000 513,059 417,496 Funds of the charity Unrestricted funds 513.059 417,496 Total charity funds 15 513,059 417,496 These financial statements were approved by the board of trustees and authorised for issue on 12 January 2026, and are signed on behalf of Ihe board by.. E Kwadrat Trustee The notes on pages 6 to 11 form part of these financial statements. Ezer Vesaad Trust Notes to the Financial Statements Year ended 31 March 2025 General infomiation The charity is a public benefrt entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is 105 Osbaldeston Road. London, N16 6NP. Charitable activities These financial statements have been prepared in compliance with FRS 102. The Financial Reporting Standard 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 policies Basis of preparation The financial statements have been prepared on the historical cost basis, as modifièd by ihe revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. The financial statements are prepared in steding, which is the functional currency of the entity. Going concern There are no material uncertainties about the charity's ability to continue. Judgements and key sources of estimation uncertainty The Trustees have used their best estimates for the balances in the statement of financial position. There are no material uncertainties about the assets and liabilities in the financial statements. Fund accounting Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Restricted funds are 5ubjecied to restrictions on their expenditure declared by the donor or through the temis of an appeal. and fall into one of two Su￿ClaSses. restricted income funds or endowment funds. Ezer Vesaad Trust Notes to the Financial Statements (￿n￿n￿dj Year ended 31 March 2025 Accounting policies (condn(*d) Incoming resources All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transadion will flow to the charity and the amount can be reliably measu￿. The following specific policies are applied to particular categories 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 receipt is probable and entitlement is established. income from donated goods is measured at the fair 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 services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. incorne from contracts for the supply of Se￿ICe5 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 retumed if unspent, in which case it may be regarded as restricted. Resources expended 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 raising funds includes the costs of all fundraising activities, events, non- charitable trading activities. and the sale of donated goods. expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charilable aims for the benefit of its beneficiaries, including those support costs and costs relating to the govemance of the charity apportioned to charitable activities. other expenditu￿ includes all expenditure that is netther related to raising funds for the charity nor part of its expenditure on charitable activtties. All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the aciivities they contribute to on a reasonable. justifiable and consistent basis. Investments Unlisted equity investments are initially recorded at cost, and subsequently measured at fair value. If fair value cannot be reliably measured. assets are measured at cost less impaimient. Ezer Vesaad Trust Notes to the Financial Statements (Condn￿d) Year ended 31 March 2025 Accounting policies fe¢)ntlnt Investments (contlnwdj Listed investments are measured at fair value with changes in fair value being recognised in income or expenditure. Investment property Investment property is shown at the most recent valuation. Any aggregate surplus or defict arising from changes in the market value is transferred to the statement of financial activities. Donations and legacies Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Donations Donations 33.710 33,710 Investment income Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Income from investment properties 169,940 169,940 156,613 156,613 Investment management costs Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Property repairs and maintenance charges Property management Utilities & council tax Property insurance Legal & professional Bank charges Bank loan interest payable 4,008 11,567 5.538 1,953 1,183 60 49,353 4,008 11.567 5,538 1,953 1,183 60 49,353 9,527 13,347 9,527 13,347 960 2,030 5,503 60 49.353 2.030 5.503 60 49,353 73,662 73,662 80,780 80,780 Ezer Vesaad Trust Notes to the Financial Statements (¢ondnwd) Year ended 31 March 2025 Expenditure on charitable activities by fund type Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Charity Support costs 33.525 900 33,525 900 33.175 900 33,175 900 34.425 34,425 34.075 34,075 Expenditure on charitable activities by activity type Grant funding of activities Support costs Total funds 2025 Total fund 2024 Charity Governance costs 33.525 33,525 900 33,175 900 900 33,525 900 34,425 34,075 Analysis of grants 2025 2024 Grants to institutions Grants to institutions 33,525 Total grants 33,525 10. Independent examination fees 2025 2024 Fees payable to the independenl examiner for: Independent examination of the financial statements 1,000 11. Staff costs The average head count of employees during the year was Nil (2024: Nil). No employee received employee benefits of more than £60,000 during the year (2024: Nil). 12. Trustee remuneration and expenses Trustees did not receive remuneration or other benefits from ernployment with the charity. Ezer Vesaad Trust Notes to the Financial Statements (¢onthiwdJ Year ended 31 March 2025 13. Creditors: amounts falling due within one year 2025 2024 Accruals and defe￿ed income other creditors 1,600 56,284 1,600 12,284 57,884 13,884 14. Creditors: amounts falling due after more than one year 2025 2024 Bank loans and overdrafts 1,163,000 1,163,000 15. Analysis of charitable funds Unrestricted funds At 31 March 202 At 1 April 2024 Income Expenditure General funds 417,496 203.650 (108,087) 513.059 At 31 March 202 At 1 April 2023 Income Expenditure General funds 375.738 156,613 (114,855) 417,496 10 Ezer Vesaad Trust Notes to the Financial Statements (conlththd) Year ended 31 March 2025 16. Analysis of net assets between funds Unrestricted Total Funds Funds 2025 Tangible fixed assets Current assets Creditors less than 1 year Creditors greater than 1 year Net assets 1,733,889 1,733,889 54 54 (57,884) (57,884) (1,163,000) (1,163,000) 513,059 513.059 Unrestricted "Total Funds Funds 2024 Tangible fixed assets Cuffent assets Creditors less than 1 year Creditors greater than 1 year Net assets 1.568,283 1,568,283 26,097 26,097 (13,884) (13,884) (1,163,000) (1,163,000) 417,4 417,496 17. Related parties There were no related party transactions for the year. 11