Haber Charitable Trust Trustees, unaudited report and accounts for the year to 31 March 2025 Charity registered number 1122274 Haber Charitablc Trust Trustees, unauditcd repott and accounts Contents Trustees, report Independent examiner's report Statement of financial activities Balance sheet Notes Haber Charitable Trust Truste¢s' unaudit¢d rq)urt and acLuunls Trustees, report The Trustees present their report and accounts for the year to 31 March 2025. The financial statements have been prepared in accordance with the accounting policies set out in note I to the accounts and cornply wilh the Charity's constitution. the Charities Act and the 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 l January 2019). Due to the minimal income in the comparative year, accounts in this fonnat were not published for the year to 31 March 2024 as an Independent Examiner'5 Report was not needed. Trustees The trustees who held office during the period and up to the date of this report were: L R J Portnoi C T Portnoi Key advisers Independent examiner J Loizidou FCA, Gerald Edelman, 73 Cornhill, London, EC3V 3QQ Bankers HSBC Private Bank UK Limited, 8 Cork Street, London, WIS 3LJ Objects activities and achievements The Haber Charitable Trust predominantly supports capital projects, as set out on its goveming document. The Trust made grants to a number of charitable causes amounting to £35,050 in the year (2024.. £5,800). The Haber Charitable Trust made grants lo a wide range of charities, including organisations supporting children and charities supporting the local cornmunity. The Trustees are satisfied that the organisations supported provide good and valuable services to their beneficiaries. The Trustees have complied with their duty to have due regard to ihe guidance on public benefIt published by the Charity Commission in exercising their powers and duties. Financial review During the period, the trust received £40.512 in income (2024: £2,750) and incurred expenditure of £37,492 (2024: £5,862), resulting in net income of £3,020 (2024: net expenditure of £3,112). Reserves at the end of the period were £3,237 (2024- £217). Having reviewed the charity's financial forecasts and expected future cash flows, the Trustees have reasonable expectstion that the charity has adequate resources to continue in operational existence for the foreseeable future, a period of not less than 12 Months from the date of approval of these financial statements. Accordingly, the Trustees continue to adopt the going concern basis in preparing the fmancial statements for the year ended 31 March 2025. Further details regarding adoption of the going concern basis can be found in the notes to le financial statements. Reserves policy The Trust's reserves policy is to retaln such sums in the general reserve as are considered appropriate by the Trustees to enable the Trust to continue its activities for ai least one year. They have concluded that the cu￿ent level of reserves Haber Charitable Trust Trustees. unaudited report and accounis is sufficient for all the circumstances expected in the coming year. The reserves policy and level of reserves is reviewed by the T￿￿treS during each year. Risk management The Trustees have examined all potential major risks which the charity faces and confirm that systems are established to mana(re these risks. Structure* governance and m8nagement The trust is a registered charity and is governed by its trust deed dated 10 October 2007. The Trustees comprise the original settlor and a rnember of his immediate family. The charity was registered with the Charity Commission on I l January 2008. Trustee appointment, induction and Iraining The trust deed provides for a minimurn of two and a maximum of four trustees. Where there is a requiremeT]t for new trustees, these would be identified and appointed by the remaining Trustees under the powers given by the trust deed. One of the Trustees would be rnade responsible for the induction of any new trustee, which involves awareness of a trustee's responsibilities. the governing document. administrative procedures and the history and philosophical approach ol the charity- A new trustee would receive copies of previous years. annual reports and accounts and appropriate leaflets published by the Charity Commission. The Trustees may appoint nominees to be T￿Stee$ by resolution of a meeting of the trustees. The Trnstees are in regular contact with each other during the year to discuss operational matters including grant- making, investment strategy and financial perfom]ance. Plans for future period5 The aim of the Trustees for the next year is to continue making donations to various charities. Trustees, responsibilities in relation to the financial statements The Trustees are responsible for preparing the Trustees, Report and the fmancial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdorn Generally Accepted Accounting Practice). The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each flnancial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In Preparing these finallcial statements. the trustees are required to: select suitable accounting policies and then apply them consistently" observe the methods and principles in the Charities SORP. make judgments and estimates that are reasonable and prudent. state whether applicable United Kingdom accounting standards have been followed subject to any material departures disclosed and explained in the fmancial statements. and prepare the financial statements on the going Concern basis unless it is inappropriate to presume that the charity will continue in business. Haber Ch8ritable Trusi Trustees, unaudited report and accounts The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008, and the provisions of the trust deed. 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. B Y ORDER OF THE TRUSTEES ortlloi The LA)dge Heriots The ComnKJn St8nmor¢ Middlesex HA7 3HG Iriisle Hgber Cknaritsble Trust Charity re8i5t¢red number. 1122274 Date.. ,/g 2025 Haber Charitable Trust Trustees’ unaudited report and accounts | | ## INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF THE HABER CHARITABLE TRUST I report to the trustees on my examination of the accounts of The Haber Charitable Trust (‘the charity’) for the year to 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 (the 2011 Act). I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. ## Independent examiner's statement Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn. T understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after | January 2019. 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 that in any material respect: 1. accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or 2. the financial statements do not accord with those records; or 3. the financial statements 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. T 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 financial statements to be reached. J Loizidou FCA For and on behalf of Gerald Edelman LLP 73 Cornhill London EC3V 3QQ ## Dated: a+ og}o02$ 4 Hab¢r Charitable Trusi Trustees, unaudited report and account< Statement of financial activities for Ilieyear lo 31 Marcli 2025 Note 2025 2024 Income Donations 40,512 40512 2,750 2,750 Totsl income Expenditure Charitable activities 137A92) {5.862) {37,492) (5.8621 Total expenditure Net ineomel(expenditllre) 3,020 (3,112) Net movement funds 3.020 217 (3,112) 3,329 Total funds brought forward Total fvDds earried forward 3.237 217 The notes on pages 7 to 9 forni part of these accounts. These financial statements have been subject to independent examination. See the report on page 4. Haber Charitable TTUSI Trustees. unaudited report and accounts Balance sheet ds dt 31 Marcli 2025 2025 2024 Current assets Debtors 4.250 C&sh at bank and in hand 1,387 5,637 217 217 Current liabilities Creditors.. atnounts falling duc within one year 12.4(M)) Net current assets 3237 217 Net 435ets 3.237 217 Total eharity funds (unrestricted) 3.237 217 These accounts were approved by the Trustees and authorised for issue on Z? Au&us12025 and were signed on their behalf by: LRJP noi ee The notes on pages 7 to 9 fom] part of these accounts. These financial statements have been Subject to independent examination. See the report on page 4. Haber Charitable Trust Trusfe¢s' unauditcd rcport and accounL Notes Iformingparl ofthefinancial statements) Accounting policies Haber Charitable Tn]st is an unincorporated charity registered in England and Wales (no 1122274). The registered office is the Stanmore address shown elsewhere in these financial statements. The charity's operations and principal activities are described in the Trustees, Report. The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the financial statements. Basis ofpreparalion These financial Statements have been prepared under the historical cost convention and are drawn up in accordance with the Charlties Act 201 l and the Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reportinb Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019). The financial statements have been Prepared to give a 'true and fair. view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair, view. This departure has involved following Accounting and Reporting by Charities Statement of Recommended Practice applicable to charities preparing these account5 in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) effective l January 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from l April 2005 which ha5 since been withdrawn. The financial statements have been prepared in sterling, which is the functional currency of the charity- Monetary amounts in these accounts are included to the nearest pound. The Charity constitutes a public benefit entity as defined by FRS 102, Going concern The Trustees are not aware of any material uncertainties related to events or conditions that may cast significant doubt about the ability of the charity to continue as a going concern and have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. In the view of the Trustees, the charity has sufficient reserves to continue in operation for at least twelve months after the approval of the fmancial statements. Thus they continue to adopt the going concern basis of accounting in preparing the annual flnancial stafrments. Income Income is accounted for on a receivable basis when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. Recognilion of liabilili Liabilities are recognised as expenditure as soon as there is a legal obligation committing the charity to that expenditure, it is probable that settlement will be required. and the atnount of the obligation can be reliably tneasured. VAT is charged against the expenditure heading to which it relates. Erpemdilure Expenses are included within charitable activities on the following bases: Charitable activities Charitable expenditure includes all expenditure directly related to the objects of the charity. Grants payable are charged in the year in which they are paid or committed to be paid. resulting in a legal or constructive obligation. Support and governance costs are also included under charitable activities. Haber Charittble Trusl Trusl¢¢s' unaudit¢d rcport and accounts Governance costs Governance costs include all expenditure directly related to the administration of the charity including expenditure incurred in the compliance with charitable and statutory requirernents. on CDSts Support costs include all expenditure that is incutTed to facilitate the objectives of the charity. Funds slruclure andpolicy The charity maintains a general unrestricted fund which represents funds which are expendable at the discretion of the Trustees in ￿rtherallCe of the objects of the charity. Such funds may be held in order to finance both working capital and capital investment. All income and expenditure is shown in the Statement of Financial Activities. Financial inslruments The charity has elected to apply the provisions of Section I I "Basic Financial Instrurnents" and Section 12 "Other Financial Instruments Issues" of FRS 102, in full, to all of its financial instruments. Financial instruments are classified and accounted for according to the substance of the contractual arrangement as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its liabilities. Financial liabililies Basic financial liabilities, which include accruals, are initially measured at transaction price and subsequently measured at amortised cost, being transaction price less amounts settled. Judgements and key sources of esllmallon uncertainty In the application of the charity's a¢¢ounling policies, the Trustees are required to make judgements, estimates and assumptions about the carying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are Considered to be relevant. Actual results may differ from these eslimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised. The Trustees do not consider that there are any critical estimates or areas of judgement that need to be brought to the attention of the readers of the fInancial statements. As a registered charity, it is exempt from taxation on its activities which fall within the scope of Part l O ITA 2007 and section 256 of the Taxation of Chargeable Gains Act 1992. Income from donations 2025 2024 Donations 40512 2,750 Haber Charitable Trusl Tru5tees' uttaudii¢d report and a¢¢ount< Charitsble Activities 2025 2024 Grants to institution5 Support costs: administration Governance ¢osls: independenl examination costs Total exp¢ndilure on charitable activities 35,050 42 2,4(Ki 37.492 5.800 32 5.832 Eight (2024= 3) institutions received a total of 8 (2024: 3) grants in the year. Exemption ha5 been claimed under section 132 of Charities Act 2011 from disclosing the identities of recipients of grants by the charity aT]d of the atnounts of any grants so made. Trustees The Trustees neither received nor waived any emoluments during the current or preceding year. No out-of-pocket expenses were reimbursed to the trustees {2024: £nil). The Trust has not purchased indemnity insurance in respect of the trustees. Of the donations received in the year. £3).260 was received from Trustees of the charity (2024: £2,200). The charity did not employ any staff in the current period or the prior year. The key management personnel of the harity comprise the Tnlstees only. Debtors 2025 2024 Donation from Trustee 4,250 Creditors '. amounts falling due within one year 2025 2024 Accruals 2,400 Related-party transactions There have been no related-party transactions that requir¢ disclosure for the cu￿ent period or prior year, other than the donations by the Trustees listed in note 4.