REGISTERED COMPANY NUMBER: 06067602 (England and Wales) REGISTERED CHARITY NUMBER: 1118440
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD 1 NOVEMBER 2024 TO 31 AUGUST 2025
FOR
THE EXEMPLAR TRUST
Melinek Fine LLP Chartered Accountants First Floor, Winston House 349 Regents Park Road London N3 1DH
THE EXEMPLAR TRUST
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE PERIOD 1 NOVEMBER 2024 TO 31 AUGUST 2025
| Page | |
|---|---|
| Report of the Trustees | 1 to 3 |
| Independent Examiner's Report | 4 |
| Statement of Financial Activities | 5 |
| Balance Sheet | 6 |
| Notes to the Financial Statements | 7 to 12 |
THE EXEMPLAR TRUST (REGISTERED NUMBER: 06067602)
REPORT OF THE TRUSTEES FOR THE PERIOD 1 NOVEMBER 2024 TO 31 AUGUST 2025
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the period 1 November 2024 to 31 August 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: 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) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The objectives of the charity are:
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The relief of poverty among persons of the Jewish faith in any part of the world;
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The advance of the Jewish religion in any part of the world;
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The advancement of the education of the public in any part of the world in the knowledge of the Jewish history and culture; - Such other charitable purposes for the benefit of persons of the Jewish faith in any part of the world as the Trustees shall from time to time decide.
The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning future activities.
The trustees identify institutions and organisations which meet its above criteria and regularly support a number of these institutions and organisations.
The principal activity of the company's subsidiaries are that of dealing in residential properties.
Grantmaking
Grants are made to charitable institutions and organisations after it has been satisfied that payments will accord with the objectives of the charity.
Volunteers
There were no volunteers during the period.
ACHIEVEMENTS AND PERFORMANCE
Charitable activities
The results for the period and the financial position at the period end were considered satisfactory by the trustees.
Fundraising activities
Income arising on investments was considered reasonable and the trustees feel that the present level of income is sufficient to permit the charity to continue for the foreseeable future.
A summary of the charity's transactions and of it's financial position is shown in the financial statements together with the accompanying notes.
Investment performance
Under the Memorandum and Articles of Association the charity has the power to invest in any way the trustees wish.
The trustees are satisfied with the return on investments achieved during the period and feel confident that the charity has adequate reserves to fulfil its charitable obligations.
FINANCIAL REVIEW
Principal funding sources
The principal funding sources are donations from corporate sponsors and investment income.
Reserves policy
The charity aims to maintain reserves in order that it is in a position to continue its grant making activities at a consistent level and to cover contingencies of additional calls being made upon the charity for support of organisations or institutions in times of need.
The present level of funding is adequate to support the continuation of the provision of assistance by the giving of grants or equipment in the short term, and the trustees consider the financial position of the charity to be satisfactory.
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THE EXEMPLAR TRUST (REGISTERED NUMBER: 06067602)
REPORT OF THE TRUSTEES
FOR THE PERIOD 1 NOVEMBER 2024 TO 31 AUGUST 2025
FUTURE PLANS
The Trustees plan to continue to support charities and charitable purposes in accordance with their grant making policy and to ensure that the ability to generate sufficient income is maintained to achieve that end.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
The charity is constituted as a company limited by guarantee and as such,its governing documents are its Memorandum and Articles of Association
Recruitment and appointment of new trustees
Membership of the Charity is open to any individual interested in promoting the Objects who:
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applies to the charity in the form required by the Trustees;
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is approved by the Trustees;
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signs the Register of members or consents in writing to become a member.
Organisational structure
The company has 5 trustees, names of members are listed on page 2. The charity is organised so that the trustees meet regularly to manage the affairs of the charity. Nominations for appointment are only solicited from members of the charity.
Induction and training of new trustees
New Trustees must familiarise themselves with the content of the Memorandum and Articles of Association, their legal obligations under charity and company law, the organisational structure of The Exemplar Trust and the recent financial performance of the charity.
Training of trustees will depend on their previous knowledge and experience.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
06067602 (England and Wales)
Registered Charity number
1118440
Registered office
First Floor, Winston House 349 Regents Park Road London N3 1DH
Trustees
Mr N Teitelbaum Mr B Blau Mrs S Iwanier Ms J Wilk (resigned 24.11.25) Mr E Teitelbaum
Company Secretary
N Teitelbaum
Independent Examiner
Aryeh Melinek FCA Melinek Fine LLP Chartered Accountants First Floor, Winston House 349 Regents Park Road London N3 1DH
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THE EXEMPLAR TRUST (REGISTERED NUMBER: 06067602)
REPORT OF THE TRUSTEES
FOR THE PERIOD 1 NOVEMBER 2024 TO 31 AUGUST 2025
REFERENCE AND ADMINISTRATIVE DETAILS Bankers
The Royal Bank of Scotland
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approved by order of the board of trustees on 25 June 2026 and signed on its behalf by:
N Teitelbaum - Trustee
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE EXEMPLAR TRUST
Independent examiner's report to the trustees of The Exemplar Trust ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the period 1 November 2024 to 31 August 2025.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
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accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
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 accounts to be reached.
Aryeh Melinek FCA
Melinek Fine LLP Chartered Accountants First Floor, Winston House 349 Regents Park Road London N3 1DH
25 June 2026
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THE EXEMPLAR TRUST
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE PERIOD 1 NOVEMBER 2024 TO 31 AUGUST 2025
| Notes INCOME AND ENDOWMENTS FROM Investment income 2 EXPENDITURE ON Raising funds 3 Charitable activities 4 Charitable activities Total NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Period 1.11.24 to 31.8.25 Unrestricted fund £ 248,355 79,443 424,832 504,275 (255,920) 5,150,839 4,894,919 |
Period 1.2.24 to 31.10.24 Total funds £ 209,836 46,244 59,648 105,892 103,944 5,046,895 5,150,839 |
|---|---|---|
The notes form part of these financial statements
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THE EXEMPLAR TRUST (REGISTERED NUMBER: 06067602)
BALANCE SHEET 31 AUGUST 2025
| Notes FIXED ASSETS Investments Investments 9 Investment property 10 CURRENT ASSETS Debtors 11 Cash at bank CREDITORS Amounts falling due within one year 12 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 13 Unrestricted funds TOTAL FUNDS |
2025 Unrestricted fund £ 12,501 4,260,080 4,272,581 258,030 391,981 650,011 (27,673) 622,338 4,894,919 4,894,919 4,656,610 4,656,610 |
2024 Total funds £ 12,501 4,260,080 4,272,581 230,252 678,988 909,240 (30,982) 878,258 5,150,839 5,150,839 4,912,530 4,912,530 |
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 August 2025.
The members have not required the company to obtain an audit of its financial statements for the period ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.
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The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 25 June 2026 and were signed on its behalf by:
The notes form part of these financial statements
N Teitelbaum - Trustee
Page 6
THE EXEMPLAR TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD 1 NOVEMBER 2024 TO 31 AUGUST 2025
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: 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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value.
Preparation of consolidated financial statements
The financial statements contain information about The Exemplar Trust as an individual company and do not contain consolidated financial information as the parent of a group. The charity is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Investment property
Investment properties are initially recognised at purchase price plus any directly attributable costs. Subsequently, investment properties are measured at fair value with any changes to fair value transferred to the Statement of Financial Activities.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
All funds held are unrestricted income funds.
Legal status of the charity
The charity is a company limited by guarantee and has no share capital. Liability of each member in the event of winding-up is limited to £10.
Financial instruments
The charity only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective impairment is found, an impairment loss is recognised in profit or loss.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset or settle the liability simultaneously.
continued...
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THE EXEMPLAR TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 NOVEMBER 2024 TO 31 AUGUST 2025
2. INVESTMENT INCOME
| Rents received Interest receivable |
Period 1.11.24 to 31.8.25 £ 238,362 9,993 248,355 |
Period 1.2.24 to 31.10.24 £ 200,345 9,491 |
|---|---|---|
| 209,836 |
3. RAISING FUNDS
Investment management costs
| Computer costs Insurance Management charges Property repairs Maintenance charges |
Period Period 1.11.24 1.2.24 to to 31.8.25 31.10.24 £ £ - 158 2,800 3,812 12,250 9,155 50,204 31,081 14,189 2,038 79,443 46,244 |
Period Period 1.11.24 1.2.24 to to 31.8.25 31.10.24 £ £ - 158 2,800 3,812 12,250 9,155 50,204 31,081 14,189 2,038 79,443 46,244 |
|---|---|---|
| 46,244 |
4. CHARITABLE ACTIVITIES COSTS
| Charitable activities | Grant funding of activities (see note 5) £ 412,015 |
Support costs £ 12,817 |
Totals £ 424,832 |
|---|---|---|---|
Included within support costs are governance costs in the sum of £3,368 (PE 31.10.2024: £2,840).
5. GRANTS PAYABLE
| Charitable activities | Period 1.11.24 to 31.8.25 £ 412,015 |
Period 1.2.24 to 31.10.24 £ 47,190 |
|---|---|---|
Donations and grants comprise amounts paid to institutions in accordance with the charity's objects. A donation was paid directly from the charity to the following institutions:
Name of charitable organization: Ahavat Yisroel 160,000 Achisomoch 100,015 Chevras Mooz Ladol 110,000 Ateres Beis Yaakov 30,000 Other 12,000
continued...
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THE EXEMPLAR TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 NOVEMBER 2024 TO 31 AUGUST 2025
6. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the period ended 31 August 2025 nor for the period ended 31 October 2024.
Trustees' expenses
There were no trustees' expenses paid for the period ended 31 August 2025 nor for the period ended 31 October 2024.
Therefore, there was no key management compensation.
7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| INCOME AND ENDOWMENTS FROM Investment income EXPENDITURE ON Raising funds Charitable activities Charitable activities Total NET INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted fund £ 209,836 46,244 59,648 105,892 103,944 5,046,895 5,150,839 |
|---|---|
8. EMPLOYEES
The average number of employees, excluding trustees, in the year was NIL (PE 31.10.2024: NIL).
9. FIXED ASSET INVESTMENTS
| FIXED ASSET INVESTMENTS | |
|---|---|
| Shares in | |
| group | |
| undertakings | |
| £ | |
| MARKET VALUE | |
| At 1 November 2024 and 31 August 2025 | 12,501 |
| NET BOOK VALUE | |
| At 31 August 2025 | 12,501 |
| At 31 October 2024 | 12,501 |
There were no investment assets outside the UK.
The company's investments at the balance sheet date in the share capital of companies include the following:
continued...
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THE EXEMPLAR TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 1 NOVEMBER 2024 TO 31 AUGUST 2025
9. FIXED ASSET INVESTMENTS - continued
Exemplar Trading limited
| Registered office: Nature of business: Trading in properties. % Class of share: holding Ordinary £1 100 Bluetree Property Group Limited Registered office: Nature of business: Trading in properties. % Class of share: holding Ordinary £1 100 INVESTMENT PROPERTY FAIR VALUE At 1 November 2024 and 31 August 2025 NET BOOK VALUE At 31 August 2025 At 31 October 2024 Fair value at 31 August 2025 is represented by: Valuation in 2025 Cost |
£ 4,260,080 4,260,080 4,260,080 £ 238,309 4,021,771 4,260,080 |
|
|---|---|---|
10. INVESTMENT PROPERTY
If investment properties had not been revalued they would have been included at the following historical cost:
| Cost Investment properties were valued on an open market basis on 31 August 2025 11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2025 £ 4,021,771 by the directors. |
2024 £ 4,021,771 |
|---|---|---|
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Trade debtors | 51,058 | 34,938 |
| Amounts owed by group undertakings | 191,477 | 181,253 |
| Other debtors | 14,529 | 11,809 |
| Prepayments | 966 | 2,252 |
| 258,030 | 230,252 |
continued...
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THE EXEMPLAR TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 NOVEMBER 2024 TO 31 AUGUST 2025
| 12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other creditors Accruals and deferred income 13. MOVEMENT IN FUNDS At 1.11.24 £ Unrestricted funds General fund 5,150,839 TOTAL FUNDS 5,150,839 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 248,355 TOTAL FUNDS 248,355 Comparatives for movement in funds At 1.2.24 £ Unrestricted funds General fund 5,046,895 TOTAL FUNDS 5,046,895 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 209,836 TOTAL FUNDS 209,836 |
2025 £ 25,213 2,460 27,673 Net movement in funds £ (255,920) (255,920) Resources expended £ (504,275) (504,275) Net movement in funds £ 103,944 103,944 Resources expended £ (105,892) (105,892) |
2024 £ 21,802 9,180 30,982 At 31.8.25 £ 4,894,919 4,894,919 Movement in funds £ (255,920) (255,920) At 31.10.24 £ 5,150,839 5,150,839 Movement in funds £ 103,944 103,944 |
||
|---|---|---|---|---|
continued...
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THE EXEMPLAR TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 1 NOVEMBER 2024 TO 31 AUGUST 2025
14. RELATED PARTY DISCLOSURES
Included in debtors is £191,477 (PE 31.10.2024: £181,253) due from the subsidiary The Exemplar Trading Ltd. Interest has been charged on the loan at a rate of 2% above base rate. Interest charged for the period is £9,993 (PE 31.10.2024: £9,491).
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