REGisfERED COMPANY NUMBER: 06067602 (England and Wales) REGISTERED CHARITY NUMBER: 1118440 REPORT OF THE TRUSTEES AND UNAVDrrED FINANCIAL sfATEMENTS FOR THE PERIOD I FEBRUARY 2024 TO 31 OCTOBER 2024 FOR THE EXEMPLAII TRUST Mellnek Flne LLP charte Accountants Flrst Floor, Wlnston Hoe 349 Regents Park Road LorKlon N3 IDH
THE EXEMPLAR TRU CONTENTS OF THE FINANCIAL STATEMENTS FOR THE PERIOD I FEBRUARY 2024 TO 31 OCTOBER 2024 Page Report of the Trustees I to 3 Independent Examlnevs Report ststement of Flnanclal Artlvlues Balance Sheet Notes to the Flnanclal Statements 7 to 12
THE EXEMPLAR TRiisf (REGERED NUMBER: 06067602) REPORT OF THE TRUSTEES FOR THE PERIOD I FEBRUARY 2024 TO 31 OCTOBER 2024 The trustees who are also dIrectO of the charity for the purposes or the Companles ALt 2006, present their report with the financial Statements of the charlty for the perlod l February 2024 to 31 October 2024. The trustees have adopted the provisions of Accountlng and Reportlng by Charitles: statent of Recommended Practice applicable to charlues preparing their accounts In accordance wth tt)e Financial RertIng Stsndard applkable In the UK aTrJ Republlc of [land (FRS 102) (effectfve l January 2019). OBJECTIVES AND ACTIVITIES Objertlves and alms The objectlves of the charlty are; - The rellef of poverty among persons of the Jewish faith in any part of the workl; - The advance of the Jewlsh rellgion in any part of the world,. - The advancement of the educatlon of the publlc In any part of the world kn the knowledge ol the Jewlsh hlstory and culture. Such other chatable purposes for the benefft of persors of the Jewlth falth In any part of the world as the Trustee5 shall from tlme to tlme dedde. The trustee5 confwm that they have referred to the gUIdan contalned In the Charty Commisslon's general gUIdan on publlc benefit when revlewlng the chartys alms and objectlves and In nnIng future actlvltles. The trustees Identlfy Instituttons and organ15attons whkh meet Its above crlterk and regularly support a number of these Insiltutlons and organlsatbns. The prfnclpal actlvlty of the companvs subsldlarks are that of deallng In IdentIal propertles. Grantm?kln9 Grants are made to charttable Instituth)ns and organlsatsons after It has been satlsned that payments wlll accord wlth the oblectlve5 of the charlty. Volunteers There were no Voluntee durlrrfj the perlod. ACHIEVEMENT AND PERFORMANCE Charltabl8 actlvltles The results lor the perlod and the flnandal SItIon at the perlod eTrJ We conskkred satlsfa(trJry by the trustees. Fundralslng actlvltles Income arlslng on Investments was consklered reasonable arKI the trustees feel that the present level of Income Is sufflclent to permlt the chartty to contlnue for the foseeable future. A wmmary of the charlty's transactk)ns and of Ifs flnandal poS10n Is shown In the flnandal statements together wlth the accompanylrYJ notes. Investment perforniance Under the Memorandum and Artydes of AssoclatlDn the charbty has the power to Invest In any way the trustees wlsh. The trustees are satlsfted wlth the retum on InVeStts a¢h[ed durlng the pertod and feel confldent that the charlty has adequate re5eNes to fuFni its charftable obllgatlon& FINANCTAL REVIEW Prlnclpal fundlng sources The principal furKllng sources are donatlons frcffn corporate sponsots and Investment Income, ReseTve$ pollLy The charty alms to malntsln reserye5 In order that Itls In a pc6Klon to tontlnue Its grant making a(IMUes at a conslstent level and to cover contingendes of addrtlonal calls belng made upon the charfty for support of organlsatlons or Insiltutlons In Ume5 of need. The present level of fundlng 15 a(kquate to SVPkK•rt the contlnuation of the prov1On of assistan by the gfvlng of grants or equlpment In the short tem, and the trustee5 consldpJ the flnarKial posltlon of the charity to be satlsf&tory. Page I
THE EXEMPLAR TRusf (REGIStERED NUMBER: 06067602) REPORT OF THE TRUSTEES FOR THE PERIOD I FEBRUARY 2024 TO 31 OCTOBER 2024 FUTURE PLANS The Trustees plan to continue to supkM)rt charltks and charitable purN)ses in accordan wlth thelr grant making polky aThJ to ensure that the abillty to late gjfficient Income is mainialned to athleve that end. STRUCTURE, GOVERNANCE AND MANAGEMENT Governlng document The charY Is controlled by Its governlng documen¢ a deed cf trusk and constltutes a limited company, Ilmited by guarantee, a5 deflned by the Companles Art 2006. Tre charlty Is constituted as a tompany Ilmlted by guantee and as gxh,lts governlng documents are Its Memorandum nd Artlcles of Assoclatlon Recrultment and appolntffltnt of n¢w trustees Membershlp of the Charlty Is open to any Indlvldual Interested In promotlng the CM)Jects who: l. applles to the charlty In the form requlred by the Twstees. 2. Is approved by the Trustees; 3. slgns the Reglster of rneMbe or consents In wrlthg to become a Wber. Organlsatlonal stfUCtuYe The company has 5 trustees, names of members are ILsted on page 2. The charty 15 oryanlsed so that the trustees meet regular to manage the affalrs of the charity. Nomlnatl¢Jns for apwntment are only sollctted from members of the charlty, Inductlon and tralnlng of new trustees New Trustees must famlllar15e themsefve5 wlth the content of the Memorandum and Articles of Assoclatlon, thelr legal obllgatlons under charlty and conN)any law, the organlsailonal structure of The Exemplar Trust and the cent flnandal performance of the charlty. Tralnlng of tnistees wlll deperKI on thelr kyevlws knowledge arKI eXperIee. REFERENCE AND ADMINisfRATIVE DETAILS Reglstsred Company number 06067602 (England and Wales) Reg15tered Charlty number 1118440 Reglstered officé Flrsi Floor, Wlnslon House 349 Regents Pa Road London N3 IDH Trustees N Teltelbaurn Company Dlrector B Blau Company Dlrector Mrs S Iwanler Company Dirertor Ms ) Wllk Company Dlrector E Teltelbaum Company Dlrector Company Secretary N Teltelbaum Independent Examiner Aryeh Mellnek FCA Mellnek Flne LLP Chartered Accountants Flrst Floor, Wlnston 14ouse 349 Regents Park Road London N3 IDH Page 2
THE EXEMPLAR TRU (REGIStERED NUMBER: 06067602) REPORT OF THE TRusfEES FOR ThE PERXOD I FEBRUARY 2024 TO 31 OCTOBER 2024 REFERENCE AND ADMINISTrATIVE DEfAILS Bankers The Royal Bank of Scotland Thls rewrt has been prepared in accordan wlth the spectal provOn5 of Part 15 of the Companles Art 2006 relatlng to small companks. Approved by order of the board of trustees on ............. .... . . and signed on lls tÉhalf by: Itelbaum- Trustee Page 3
INDEPENDENT EXAMINERS REPORTTOTHE TRUSTEES OF THE EXEMPLAR TRvsr Independent examlner's reportto the tnthes of The Exemplar Trust ('the Company,) I report to the charlty trustees on my examlnation of the accounts of the Company for the perlod l February 2024 to 31 October 2024. Responslblllties and ba$ls of report As the charlty's trustees of the Company (and also Ils dlrectors for the purposes of company law) you are responslble for the preparatlon of the accounts In accordance wllh the rewirewits of the Companles Act 2006 ('the 2006 ACV). Havlng satlsfted mysew that the accounts of the Company are not requlred to be audlted under Part 16 of the 2006 Act and are eltgible for independent examinatton, I report In respect of my examlnatk)n of yOL5r charlty's accounts as carrled out under Section 145 of the Charitks Act 2011 (Ihe 2011 Art). In carrylng out my examlnatlon I have followed the Directk)ns glven by the Charity Commi*in under Sectlon 145(5) (b) of the 2011 Att. Independent examlner'$ siatement I have completed my examlnatlon. I conflrm that no mattets have come to my attentjon In connecilon wlth the exarnlnatlon glvlng me cause to belleve: accountlng records were not kept In respect of the Company as qUIred by Sectb)n 386 of the 2006 Act,. or the accounts do not accord wlth those records. or the accounts do not compty wh the accountln9 requlrements of Sectkjn 396 of the 2006 Act other than any requlrement that the accounts gfve a tn and falr vlew whkh Is not a matter Condered as part of an Independent examlnatlon; or the accounts have not been prepared In accordan wlth the methods arnl prfndples of the Ststement of Recommended Pract1 for accounting and reportlng by charltles (appllcable to charltles preparlng thelr accounts In accordance with the Flnanclal Reportlng Standalll appllcable In the UK and Republlc of Ireland {FRS 102)). I have no concerns and have come rOsS no other matters In connecuon with the examlnatk)n to whlch attentlon should be drawn In thLs rep)rt In order to enable a pmper understsndkng of the accounts to be reached. Aryeh Mellnek FCA Mellnek Flne LLP Chartered Accountants Flrst Floor, Wlnston House 349 Regents Park Road London N3 IDH Date,. Page 4
THE EXEMPLAR TRusr srATEMENT OF FINANCIAL ACTivrriES (INCORPORATING AN INCOME AND EXPENDrtURE ACCOUNT) FOR THE PERIOD I FEBRUARY 2024 TO 31 OCTOBER 2024 perlod 1.2.24 year ended 31.1.24 Total funds 31.10.24 Unrestrlcted fund Notes INCOME AND ENDOWMENTS FROM DonatÈons and legacies 1,042 Investment Income 209,836 266,311 Totsl 209,836 267,353 EXPENDrruRE ON Ralslng funds 46,244 72,878 Charltsble actIvI¢S Charltable actmtles 59,648 51,203 Total 105,892 124,081 Net galns on Investments 238,309 NEf INCOME 103,944 381,581 RECONCILIATION OF FUNDS Total fund5 brought fOard 5,046,895 4,665,314 TOTAL FUNDS CARRIED FORWARD 5,150,839 5,046,895 The notes forni of these flnancial statements Page 5
THE EXEMPLAR TRusf (REGJsfERED NUMBER: 06067602) BALANCE SHEET 31 OCTOBER 2024 2024 Unrestrlcted fund 2024 Total funds FIXED ASSETS Investments Investments Investment property io li 12,501 4,260,080 12,501 4,260,080 4,271581 4,272,581 CURRENT ASSETS Debto Cash at bank 12 230,252 678,988 213,916 589,924 909,240 803,840 CREDITORS Amounts falllng due wlthln one year 13 (30,982) (29,526) NEf CURRENT ASSErs 878,258 774,314 TOTAL ASSEfs LESS CURRENT LIABILITIES 5,150,839 5,046,895 NEf ASSETS 5,150,839 5,046,895 FUNDS Unrestrlcted funds 14 4,911530 4,808,586 TOTAL FUNDS 4,912,530 4,808,5B6 The charltable company Is entitled to exempuon from alIt urKler Sectknn 477 of the Companle5 Art 2006 for the perfod ended 31 October 2024. The members have not requlred the company to obtaln an audlt of Its flnandal statements for the perlod ended 31 October 2024 In accordance wlth Secikjn 476 (rf the Companles Act 20C6. The trustees acknowledge thelr re5p)nslblllt*s for (a) ensurfng that the charltable company keeps accountlng records that comply wlth Sectlons 386 and 387 of the Companles Act 2006 and preparlng flnanclal statements whkh glve a true and falr vlew of the State of affalts of the charltable compary as t the end of each flnanclal year and of Its surplus or denclt for each financlal year In accordance wlth the requlrements of Sectlons 394 and 395 and whkh otherwlse comply wlth the requlrements of the Companles Act 2006 relatlng to financlal statements, far as appllcabk trj the charftable company. (b) These flnanclal statements have bn prepu&J In accordan wlth the provlslons appllcable to charltable companles subject to the small companles reglme. The flnanc I statements were appro¥ed by the Board of Trustees and authorlsed for Issue . and were slgned on Its behaK by: on N Teltelbaum - Trustee The notes fom) p3rt of these financlal #atements
THE EXEMPLAR TRusr NOTES TO THE FINANCIAL sfATEMErits FOR THE PERIOD I FEBRUARY 2024 TO 31 OCTOBER 2024 ACCOUNTING POLICIES Basis of preparlng the Ilnancial statements The flnanclal statements of the (haritable company, whth Ès a pvbllc beneflt enty under FRS 102, have iEen prepared In accordan wlth the Charlties SORP (FRS 102) 'Accountlng and Reportlng by Charles.. Statement of Recommended Pract4 applble to chaiities preparlng thelr accounts In accordan wlth the Financial Reporting Stsndard appllcable In the UK arxd Republtc of Ireland (FRS 102) {effectlve l January 2019),, Flnanclal Reportlng standard 102 The Financial Reporting Standard appllcable In the UK and Republic of Iland, and Ihe Companies Act 2006, The finanaal ststements have been prepared under the hlstorical c05t conyentlon, with the exceptlon of Investments whkh are included at market value, as mdlfled by the revaluotion of certaln assets, Preparatlon of consolldated flnandal statemehts The finandal statements contaln Informatlon ab)ut The Exemplar Trust as an Indivldual company and do not contaln cong)Ildated flnancial informatlon as the parent of a gUp. The charlty Is exempt under Secuon 39912A) of the Companles Att 2006 from the requlrements to prepare consolldated flnancLal statements. Income All income Is recognlsed In the Ststement of FlnancLal Artlvltles On the chartty has entlilement to the funds, It Is probable that the Income wlll be recefved and the amount can be measured rellabSy. Expendlture Llabllltles a recognlsed as expenditure as soon as there Is a legal or consiructlve obllgation commlttlng the chailty to that expendlture, It Ls probable that a transfer of economtc beneffts wlll be req¢Jlred In settlement and Ihe amount of the obllgatlon can be MeasUd lIably. Expendlture Is accounted for on an accruals bals and has been classlfled Ltnder headlngs that aggregate all cost related to the category. Where costs cannot be dlrectly attrlbuted to partlcular headlngs they have bn alkjcated to actfvltyes on a basls consLstent wlth the use of sources. Grants offered subjert to condltlons whlch have not been met at the year end date are noted as a commltment but not accrued as expendlture. Thnglble flxed assets Depreclatlon Is provlded at the followkn9 annual rates In orts to wr1te off each asset o¥er its estlmated useful Investment propeTty Investment properties are Inla1 recognbed at purchase pr any dlreth attrlbutable costs. Subsequently, Investment properles are measured at fa value wlth any changes to falr value transferred to the Ststement of Flnanclal ActitIe& Taxatlon The charity Is exempt from corporation tax on Its charltable artlvKles, Fund accountlng All funds held are unrestrlcted Income fun(ts, Legal status of the charlty The charlty Is a company Ilmited by guarantee and has share capltsl. Uabllity of each member In the event of wlndlrwJ-up Is Ilmlted to Élo. Financlal Instruments The charlty only enters Into ba flnandal Instruments tran5athon5 that result In the recognltion of flnandal assets and Ilabilities like trade and other debtors arKI creditors, Flnanclal assets that are measured at cost and amortised c05t are assessed at the end of each reportlng perlod for obJectNe evldence of impalmpnt. If objective impalrment 15 found, an Impalrment lo 15 recognlsed In profit or loss. Page 7 contlnued...
THE EXEMPLAR TRusr NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE PERIOD I FEBRIIARY 2024 TO 31 OCTOBER 2024 ACCOUNTXNG POLICIES- contlnued Flnanclal assets and liabilitks are offset and the net amount rted In the Balan Sheet when there Is an enforceable rlght to set off the recognised amounts and tlwe Is an Intentknn to settle on a net basLs or to reallse the asset or settle the Ilability Simultaneously. INVESTMENT INCOME perlod 1.2.24 to 31.10.24 year ended 31.1.24 Rents recelved Interest receivable 200,345 9M91 255,000 11,311 209,836 266,311 RAISING FUNDS Investment management costs perk)d 1.2.24 year ended 31.1.24 31.10.24 Computer costs Insurance Management charges Propety repalrs Malntenantr charges 158 3,812 9,155 31,081 2,038 275 5,609 8,747 52,847 5,400 46,244 72,878 CHARrrABLE AcrivtTIES COSTS Grnnt Jndlng of actlvitles (see note 5) Support costs Totals CharItsb actfvittes 47,190 12,458 59,648 Included withln support costs are governance costs In the sum of £2,840 (YE 31.01.2024,' £12,831). GRANTS PAYABLE perlod 1.2.24 to 31.10.24 year ended 31.1.24 Charltable activlties 47,190 28,285 Donatlons and grants comprfse amounts pald to institut1c5 In accordance wlth the chorlty's objects. A donatlon was paid direcuy fmm the charfty to the following Institutlons: Name of charitable organlzatlon: Ach150moch Ald Company Ezras Achlm UK 37,190 10,000 Page 8 contlnued...
THE EXEMPLAR TRUST NOTES TO THE FINANCIAL sfATEMENTS- continued FOR THE PERIOD I FEBRIIARY 2024 TO 31 OCtOBER 2024 NEf INCOMEI(EXPENDITiIRE) Net IrKomel(expendliure) is stated after charg1(credItIng)'. period 1.2.24 year ended 31.1.24 31.10.24 Audltors, remuneration 4,260 TRUSTEES. REMUNERATION AND BENEFITS The were rKJ trustees, remuneratlon or other benefits for the pertod ended 31 October 2024 nor for the year ended 31 January 2024. Trustees, expense$ There were rK tru5tees' expenses pald for the pertj ended 31 October 2024 nor for the year ended 3L January 2024. Therefore, the was no key management compensation. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVrnES Unrestdcted fund INCOME AND ENDOWMENTS FROM Donatlons and legacles 1,042 Investment Income 266,311 Total 267,3S3 EXPENDITURE ON Ralslng funds 72,878 Charltable 3cthrltle$ Charltable activltles 51,203 Total 124,081 Net galns on Investments 238,309 NEf INCOME 381,581 RECONCILIATION OF FUNDS Total funds brought f¢)ard 4,665,314 TOTAL FUNDS CARRIED FORWARD S,046,895 Page 9 contlnued...
ThE EXEMPLAR TRusr NOTES TO THE FINAP4CfAL STATEMENTS - contlnued FOR THE PERIOD I FEBRUARY 2024 TO 31 OOBER 2024 EMPLOYEES The averdge number of employees, excludbYJ trtee4 In the year wa5 NIL (YE 31.01.2024: NIL). FEXED ASSEf INVESTMENTS io. Shares In group undertaklngs MARK VALUE At l February 2024 and 31 October 2024 12,501 NET BOOK VALUE At 31 (ktoter 2024 12,501 At 31 JanLEary 2024 12,501 There were no Investment assets outslde the UK. The company's Investments at the balance sheet date In the share capltsl of companles Include the followlng., Exemplar Tradln9 Ilmlted Reglstered offlce: Nature of buslness: TRKllng In propertles. Ckss of share., Ordlnary £1 holdlng loo Blu¢tree prope Group Limlted Registered offl. Nature of buslness: Tradlng In propertles. Class of share: Ordlnary £1 holdlnq 100 ii. INVESTMENT PROPERTY FAIR VALUE At l February 2024 and 31 Ortober 2024 4,260,080 NEf BOOK VALUE At 31 October 2024 4,260,080 At 31 January 2024 4,260,080 Falr value at 31 October 2024 Is represented by: Valuatlon In 2024 238,309 4,021,771 4260,080 Page 10 ontinued..,
THE EXEMPLAR TRUST NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE PEIUOD I FEBRUARY 2024 TO 31 OCTOBER 2024 11. INVEsfMENT PROPERTY- ccmrtlnued If InVestMt properties had mt been reval they would have been Included at the followlng hlstorlcal cosi: 2024 2024 Cost 4,021,771 4,021,771 Investrnent propertle5 were valued on an open market basls on 31 Chxober 2024 by the dlrectors. 12. DEBTORS: AMOUNTS FALLING DUE THIN ONE YEAR 2024 2024 Trade debtors Amounts owed by group undertaklngs Other debto Prepayments 34,938 181,253 11,809 2,252 27,505 171,592 12,834 1,985 230,252 213,916 13. CREDrroRS: AMOUNTS FALLING DUE wmiiN ONE YEAR 2024 2024 other credFtors Ac£ruals and deferred Inct)me 21,802 9,180 22,806 6,720 30,982 29,526 14. MOVEMeNT IN FUNDS Net movement In funds At 31.10.24 At 1.2.24 Unrestrlcted funds General fund 5,046,895 103,944 5,150,839 TOTAL FUNDS 5,046,895 103,944 5,150,839 Net movement In funds, Induded In the above are a5 follows: Incomlng re9)urce5 Re50ur expended Movement Sn funds Unrestrlrted funds General fund 209,836 {105,892) 103,944 TOTAL FUNDS 209,836 (105,892) 103,944 Pdge 11 contlnued...
THE EXEMPLAR TRUST NOTES TO THE FINANCIAL sfATEMENTS- continued FOR THE PEIUOD I FEBRUARY 2024 TO 31 OCTOBER 2024 14. MOVEMENT IN FUNDS- continued Comparatives for movement In funds Net movement In funds At 31. 1.24 At 1.2.23 Unrestrlrted funds General fund 4,665,314 381,581 5,046,895 TOTAL FUNDS 4,665,314 381,581 5,046,895 Cornparète net movement In funds, Included In the atK)ve are as follows: Incong resources Resour5 expended Galns and losses Movement In funds Unre5trlrted funds General fund 267,353 {124,081) 238,309 381,581 TufAL FUNDS 267,353 (124,081) 238,309 381,581 15. RELATED PARTY DISCLOSURES Included In debtors Is £181,253 (YE 31.01.2024: £171.592) due from the subsldlary The Exemthr Tradlng Lld. Interest has been tharged on the loan at a rate 012% above base rate. Interest charged for the perlod IS £9,491 (YE 31.01.2024: £11,311). Page 12