REGISTERED CHARITY NUMBER: 1118578
SHADOW BIRD TRUST
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
Sugarwhite Meyer Accountants Ltd First Floor 94 Stamford Hill London N16 6XS
SHADOW BIRD TRUST
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
| Page | |||
|---|---|---|---|
| Reference and Administrative Details | 1 | ||
| Report of the Trustees | 2 | to | 3 |
| Independent Examiner's Report | 4 | ||
| Statement of Financial Activities | 5 | ||
| Balance Sheet | 6 | ||
| Notes to the Financial Statements | 7 | to | 10 |
SHADOW BIRD TRUST
REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 MARCH 2025
TRUSTEES Mr S Dankowitz Mrs C Dankowitz Mr S Friedlander Mr J Pomerantz PRINCIPAL ADDRESS 37 Castlewood Road London N16 6DL REGISTERED CHARITY 1118578 NUMBER INDEPENDENT EXAMINER Sugarwhite Meyer Accountants Ltd First Floor 94 Stamford Hill London N16 6XS BANKERS Barclays Bank plc Kingsland Branch POB 3628 London E8 2JT
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SHADOW BIRD TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025
The trustees present their report with the financial statements of the charity for the year ended 31 March 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).
Reference and administrative information
Reference and administrative information is shown on page 1 of the financial statements and forms part of this report.
OBJECTIVES AND ACTIVITIES
Objectives and aims
The object of the charity is that the trustees shall hold the capital and income of the trust fund upon trust for those charities the trustees shall determine, provided that those charities are registered with the Charity Commission for England and Wales.
The trustees confirm that they have given due regard to the Charity Commission's guidance on public benefit.
ACHIEVEMENTS AND PERFORMANCE
Charitable activities
The trustees are satisfied with the results for the year. There was a 14% decrease in income with a 38% increase in expenditure which left a deficit for the year, this being funded by reserves held.
FINANCIAL REVIEW
Reserves policy
The trustees do not seek to maintain reserves, other than to ensure that they can continue the activities of the charity. Reserves at the year end were £790,715 (2024 - £815,943), free reserves were £50,697 (2024 - £129,736).
STRUCTURE, GOVERNANCE AND MANAGEMENT
Constitution
The charity was constituted by Deed of Trust (Deed of Variation) dated 18 January 2007.
Organisational structure
The power to appoint new trustees is vested in the board. It is not the intention of the trustees of the charity to appoint any new trustees. Should the situation change in the future, the trustees will apply suitable recruitment induction and training procedures.
Risk review
The trustees have reviewed the major risks to which the charity is exposed and confirm that they have established systems to mitigate them.
STATEMENT OF TRUSTEES' RESPONSIBILITIES
The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
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SHADOW BIRD TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025
STATEMENT OF TRUSTEES' RESPONSIBILITIES - continued
Charity law requires the trustees to prepare financial statements for each financial year. Under that law, the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).
Under charity law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011 and The Charity (Accounts and Reports) Regulations 2008. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the board of trustees on 27 January 2026 and signed on its behalf by:
Mr S Dankowitz - Trustee
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SHADOW BIRD TRUST
Independent examiner's report to the trustees of Shadow Bird Trust
I report to the charity trustees on my examination of the accounts of Shadow Bird Trust (the Trust) for the year ended 31 March 2025.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. 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:
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accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or 2. the accounts do not accord with those records; or
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the accounts do not comply with the applicable requirements concerning 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 true and fair 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 understanding of the accounts to be reached.
E Meyer FCA BSc
Sugarwhite Meyer Accountants Ltd First Floor 94 Stamford Hill London N16 6XS
27 January 2026
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SHADOW BIRD TRUST
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025
| 2025 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 25,737 Investment income 2 49,703 Total 75,440 EXPENDITURE ON Raising funds 3 8,179 Charitable activities 4 Grantmaking 89,135 Support 3,354 Total 100,668 Net gains on investments - NET INCOME/(EXPENDITURE) (25,228) RECONCILIATION OF FUNDS Total funds brought forward 815,943 TOTAL FUNDS CARRIED FORWARD 790,715 |
2024 Total funds £ 20,129 44,730 |
|---|---|
| 64,859 | |
| 14,871 55,455 2,305 |
|
| 72,631 | |
| 33,395 | |
| 25,623 790,320 |
|
| 815,943 |
The notes form part of these financial statements
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SHADOW BIRD TRUST
BALANCE SHEET 31 MARCH 2025
| Notes FIXED ASSETS Investment property 8 CURRENT ASSETS Debtors 9 Cash at bank CREDITORS Amounts falling due within one year 10 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS Unrestricted funds TOTAL FUNDS |
2025 Total funds £ 704,147 35,871 55,256 91,127 (4,559) 86,568 790,715 790,715 790,715 790,715 |
2024 Total funds £ 658,652 27,555 132,016 159,571 (2,280) 157,291 815,943 815,943 815,943 815,943 |
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 27 January 2026 and were signed on its behalf by:
Mr S Dankowitz - Trustee
The notes form part of these financial statements
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SHADOW BIRD TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, 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 Charities Act 2011. The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain assets.
Going concern
There are no material uncertainties about the charity's ability to continue.
Judgements and key sources of estimation uncertainty
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. These estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. The estimates and underlying assumptions are reviewed on an ongoing basis.
The valuation of investment properties is inherently subjective, depending on many factors, including the individual nature of each property, its location and expected future net rental values, market yields and comparable market transactions. Therefore, the valuations are subject to a degree of uncertainty and are made on the basis of assumptions which may not prove to be accurate, particularly in periods of difficult market or economic conditions.
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.
Investment income
Income from investments is included in the year in which it is receivable
Expenditure
Expenditure is recognised on an accruals basis as a liability is incurred and includes irrecoverable VAT, which is reported as part of the expenditure to which it relates.
Raising funds comprise investment management costs relating to the investment properties.
Support costs are those incurred to assist the work of the charity but are not direct charitable activities.
Governance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.
Investment property
Investment properties are shown at fair value. Any surplus or deficit arising is transferred to the Statement of Financial Activities.
Taxation
The charity is exempt from tax on its charitable activities.
Financial instruments
The charity only has financial assets and liabilities of a kind that qualify as basic financial instruments.
Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.
Current assets and current liabilities are subsequently measured at the amount expected to be received or paid and not discounted.
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SHADOW BIRD TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
2. INVESTMENT INCOME
| 2025 £ Rents received 48,328 Loan Interest 1,375 49,703 RAISING FUNDS Investment management costs 2025 £ Portfolio management 5,370 Administrative expenses 235 Insurance 355 Ground rent and rates 444 Property repairs 1,775 Interest payable and similar charges - 8,179 CHARITABLE ACTIVITIES COSTS Grant funding of activities Support (see note costs (see 5) note 6) £ £ Grantmaking 89,135 - Support - 3,354 89,135 3,354 GRANTS PAYABLE 2025 £ Grantmaking 89,135 The total grants paid to institutions during the year was as follows: 2025 £ Relief of poverty 26,379 Advancement of education 40,075 Advancement of religion 7,561 Social welfare 15,000 Medical 120 89,135 |
2024 £ 44,730 - |
|---|---|
| 44,730 | |
| 2024 £ 5,226 548 980 1,317 5,057 1,743 |
|
| 14,871 | |
| Totals £ 89,135 3,354 |
|
| 92,489 | |
| 2024 £ 55,455 |
|
| 2024 £ 21,735 10,620 6,980 16,000 120 |
|
| 55,455 |
3. RAISING FUNDS
4. CHARITABLE ACTIVITIES COSTS
5. GRANTS PAYABLE
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SHADOW BIRD TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
5. GRANTS PAYABLE - continued
| Friends of Seret-Viznitz | 16,350 |
|---|---|
| Lechem Shlomo | 7,000 |
| JCOCI Educational Foundation Ltd | 6,000 |
| Bayis Lepleitos | 6,000 |
| Chasdei Uvois | 6,000 |
| Others under £6,000 | 47,785 |
| 89,135 | |
6. SUPPORT COSTS
| Governance | |||
|---|---|---|---|
| costs | |||
| £ | |||
| Support | 3,354 | ||
| Support costs, included in the above, are as follows: | |||
| Finance | |||
| 2025 | 2024 | ||
| Total | Total | ||
| activities | activities | ||
| £ | £ | ||
| Bank charges | - | 25 | |
| Governance costs | |||
| 2025 | 2024 | ||
| Total | |||
| Support | activities | ||
| £ | £ | ||
| Independent examiner's fee | 1,140 | 1,140 | |
| Independent examiner's other fees | 1,140 | 1,140 | |
| General expenses | 1,074 | - | |
| 3,354 | 2,280 |
7. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.
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SHADOW BIRD TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
8. INVESTMENT PROPERTY
| INVESTMENT PROPERTY | |
|---|---|
| FAIR VALUE At 1 April 2024 Additions At 31 March 2025 NET BOOK VALUE At 31 March 2025 At 31 March 2024 |
£ 658,652 45,495 |
| 704,147 | |
| 704,147 | |
| 658,652 |
The fair value of the investment properties has been arrived at on the basis of a valuation carried out by the trustees who are considered to have the experience and expertise required to undertake such an exercise. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties in the same or similar locations.
9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
10.
| DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
|---|---|---|
| Amounts owed by trustees CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other creditors |
2025 £ 35,871 2025 £ 4,559 |
2024 £ 27,555 |
| 2024 £ 2,280 |
11. RELATED PARTY DISCLOSURES
Included in other debtors is a loan to S Perlsetin-Dankowitz, a trustee. Interest on the loan was £1,375 and the amount outstanding at the balance sheet date was £34,496 (2024 - £27,555).
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