**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:
- The relief of poverty among persons of the Jewish faith in any part of the world;
- The advance of the Jewish religion in any part of the world;
- 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.
Page 1
**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:
1. applies to the charity in the form required by the Trustees;
2. is approved by the Trustees;
3. 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
Page 2
**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
Page 3
**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:
1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. 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
4. 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
Page 4
**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
Page 5
## **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.
- The trustees acknowledge their responsibilities for
- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (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...
Page 7
**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...
Page 8
**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...
Page 9
**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...
Page 10
**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...
Page 11
**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).
Page 12