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← Amud Hatzdokoh Trust

2025-02-28-accounts

REGISTERED CHARITY NUMBER: 1122777

AMUD HATZDOKOH TRUST

REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025

Sugarwhite Meyer Accountants Ltd Chartered Accountants & Statutory Auditor First Floor 94 Stamford Hill London N16 6XS

AMUD HATZDOKOH TRUST

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025

Page
Reference and Administrative Details 1
Report of the Trustees 2 to 5
Report of the Independent Auditors 6 to 8
Statement of Financial Activities 9
Balance Sheet 10
Cash Flow Statement 11
Notes to the Cash Flow Statement 12
Notes to the Financial Statements 13 to 20

AMUD HATZDOKOH TRUST

REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 28 FEBRUARY 2025

TRUSTEES E Gratt J Grunhut J Teller PRINCIPAL ADDRESS 85a Cazenove Road London N16 6BB REGISTERED CHARITY 1122777 NUMBER AUDITORS Sugarwhite Meyer Accountants Ltd Chartered Accountants & Statutory Auditor First Floor 94 Stamford Hill London N16 6XS BANKERS Barclays Bank Plc 1 Churchill Place London E14 5HP

Page 1

AMUD HATZDOKOH TRUST

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 28 FEBRUARY 2025

REFERENCE AND ADMINISTRATIVE INFORMATION

The information is shown on page 1 of the financial statements and forms part of this report.

OBJECTIVES AND ACTIVITIES

Objectives and aims

The objects of the charity are (i) the advancement of the Orthodox Jewish Faith (ii) the advancement of Orthodox Jewish education (iii) the relief of poverty, sickness and infirmity amongst members of the Jewish faith and (iv) such other purposes as are charitable under English law.

The trustees confirm that they have given due regard to the Charity Commission's guidance on public benefit.

Public benefit and overseas operation

In carrying out its activities, including those undertaken overseas, the Trustees have had due regard to the Charity Commission's guidance on public benefit. The Trustees consider that the Charity's activities provide clear public benefit through the relief of poverty and the advancement of education and religion, both within the UK and overseas.

Overseas activities are conducted in a controlled and proportionate manner. Appropriate due diligence, approval and monitoring arrangements are in place to ensure that charitable funds are applied solely in furtherance of the Charity's objects and in compliance with UK charity law and applicable regulatory requirements.

Grantmaking policy

The Charity makes grants to individuals, charitable institutions and organisations whose activities further the Charity's objects. Requests for support are received from a wide range of applicants operating both within the UK and overseas.

All applications must be supported by appropriate documentation evidencing the purpose of the request and the underlying need for funding. Each application is subject to due diligence and assessment proportionate to its nature, size and risk profile.

As part of this process, the Charity's internal Compliance team assesses each beneficiary's circumstances and needs and sets an agreed eligibility limit, defining the maximum level of support that may be provided. These limits are designed to ensure that funding remains needs-based, proportionate and aligned with available resources, and are reviewed periodically.

Following completion of due diligence, grant requests are considered in light of the Charity's objects, the applicant's circumstances, assessed eligibility limits, available finance, risk considerations and the Charity's overall financial position. Grants are approved and made at the Trustees' discretion, subject to internal controls and oversight arrangements.

The Charity applies enhanced monitoring to overseas beneficiaries on a risk-based and proportionate basis. A dedicated individual trained by the Charity undertakes on-site audit and monitoring activity, including face-to-face visits, verification of beneficiary operations, and review of compliance with grant conditions. Findings are formally documented, reported to senior management and trustees, and used to inform ongoing risk assessment, monitoring frequency and eligibility limits.

The Charity continues to strengthen its grantmaking framework through improved systems, documentation and reporting, supporting effective stewardship of charitable funds and scalable delivery of charitable support.

Page 2

AMUD HATZDOKOH TRUST

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 28 FEBRUARY 2025

ACHIEVEMENTS AND PERFORMANCE

Charitable activities and operational achievements

During the year the Charity continued to provide significant grantmaking support across a wide range of causes aligned with its objects. Total distributions in the year were £18.2m, delivered to over 2,800 recipients. Recipient numbers are based on unique beneficiaries supported during the year.

Through this support, the Charity continues to assist individuals and families facing genuine hardship, as well as institutions providing essential community services. Support was directed primarily to poverty relief, alongside education, religious activities and health-related assistance.

By recipient location, distributions were made predominantly within the UK (approximately 52%), with the balance of funding applied to overseas charitable causes (approximately 48%), in accordance with the Charity's objects and applicable legal and regulatory requirements.

In addition to grantmaking, the Charity completed a major programme of operational strengthening to support long-term scalability and risk control. This included the migration of its core database to Salesforce, providing a secure and scalable platform to manage its network of 6,480 vetted causes, strengthen reporting, and improve automated controls across compliance, finance and transaction processing.

The Charity also launched an updated website, enabling donors and recipients to access and manage key account services online, moving from view-only functionality towards greater self-service, transparency and efficiency.

FINANCIAL REVIEW

Principal funding sources

The Charity's income is derived from a broad base of supporters including individuals, charitable trusts and corporate donors. Donations are received through a range of channels, including bank transfers, credit and debit card payments, direct debit arrangements and donor-advised funds.

The Trustees note that the Charity's income is predominantly accumulated from a large volume of smaller donations, rather than reliance on a limited number of significant donors. The Trustees consider this diversity of income sources and donation methods to be an important contributor to the Charity's financial resilience. The Charity continues to invest in systems and processes that strengthen donor experience, improve reporting and enhance accountability and oversight.

Reserves policy

The Trustees aim to maintain free reserves at a level sufficient to meet projected overheads and to manage timing differences in receipts and payments. At the year end, total reserves stood at £337,805 (2024: £615,050). The level of free reserves reflected the Charity's planned investment in operational capacity and systems during the year and the timing of year-end movements.

The Trustees keep reserves under regular review to ensure the Charity remains able to meet its obligations as they fall due while continuing to deliver charitable support at scale. The Trustees are satisfied that the level of reserves held at the year end was appropriate in the context of the Charity's scale, cash flow profile and ongoing commitments.

FUTURE PLANS

The Trustees' focus for the year ahead is to increase service capacity while maintaining strong governance, controls and cost-effectiveness. Priorities include continued optimisation of Salesforce to further develop automation across compliance, finance and transaction processing; further development of online self-service functionality;

implementation of KPI frameworks and organisational structures to support scalability; and the careful exploration of AI-assisted tools to support selected projects and operational efficiency, subject to appropriate governance and risk oversight.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity was constituted and is governed by Trust Deed dated 31 January 2008.

Page 3

AMUD HATZDOKOH TRUST

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 28 FEBRUARY 2025

STRUCTURE, GOVERNANCE AND MANAGEMENT

Recruitment and appointment of new trustees

It is not the intention of the trustees to appoint any new trustees. Should the situation change in the future, the trustees will apply suitable recruitment induction and training procedures.

Organisational structure

The day-to-day operations of the Charity are managed by an executive team and staff, with oversight provided by the Trustees. Trustees receive regular management information covering financial performance, compliance, operational activity and risk, enabling effective oversight and informed decision-making.

The Trustees recognise the importance of maintaining an appropriate balance of skills, experience and capacity on the Board. In the coming period, the Charity is considering the appointment of an additional Trustee whose experience would further strengthen governance and support the Charity's ongoing development and scale.

Risk management

The Trustees have reviewed the principal risks to which the Charity is exposed and the systems in place to mitigate those risks. Key risk areas include financial controls and fraud prevention; regulatory and compliance risk (including risks associated with overseas activity); data protection and cyber security; operational continuity and key-person dependency; and reputational risk.

During the year, the Charity strengthened its risk mitigation framework through the formal mapping of operational procedures and the migration to a scalable and secure system (Salesforce). These measures enhance segregation of duties, reporting, auditability and automated controls across compliance, finance and transaction processing. The Trustees review risk regularly and continue to adapt controls as the Charity grows in scale and complexity.

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) including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

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

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.

Page 4

AMUD HATZDOKOH TRUST

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 28 FEBRUARY 2025

Approved by order of the board of trustees on 25 December 2025 and signed on its behalf by:

E Gratt - Trustee

Page 5

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF AMUD HATZDOKOH TRUST

Opinion

We have audited the financial statements of Amud Hatzdokoh Trust (the 'charity') for the year ended 28 February 2025 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

Page 6

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF AMUD HATZDOKOH TRUST

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees are responsible for the preparation of the financial statements which give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

Our responsibilities for the audit of the financial statements

We have been appointed as auditors under Section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

In performing an audit, we exercise professional judgment and maintain professional scepticism throughout the audit.

We also identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. The risk of not detecting a material misstatement resulting from fraud is higher than one for one resulting from error, as fraud may involve collusion, forgery, intentional omissions misrepresentation or override of internal control.

We obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of charity's internal control.

We evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements

We concluded whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about charity's ability to continue as a going concern for a reasonable period of time.

We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control related matters that we identified during the audit.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Page 7

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF AMUD HATZDOKOH TRUST

Use of our report

This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Sugarwhite Meyer Accountants Ltd Chartered Accountants & Statutory Auditor First Floor 94 Stamford Hill London N16 6XS

Date: .............................................

Page 8

AMUD HATZDOKOH TRUST

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 28 FEBRUARY 2025

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
Investment income
3
Total
EXPENDITURE ON
Raising funds
4
Charitable activities
5
Grantmaking
Support costs
Total
NET INCOME/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
Restricted
fund
fund
£
£
18,577,208
-
16,963
-
18,594,171
-
100,843
-
18,407,242
-
363,331
-
18,871,416
-
(277,245)
-
615,050
-
337,805
-		 2025
Total
funds
£
18,577,208
16,963
18,594,171
100,843
18,407,242
363,331
18,871,416
(277,245)
615,050
337,805		 2024
Total
funds
£
16,524,944
2,689
16,527,633
84,906
16,005,071
264,592
16,354,569
173,064
441,986
615,050

CONTINUING OPERATIONS

All income and expenditure has arisen from continuing activities.

The notes form part of these financial statements

Page 9

AMUD HATZDOKOH TRUST

BALANCE SHEET 28 FEBRUARY 2025

Notes
FIXED ASSETS
Tangible assets
11
Investments
12
CURRENT ASSETS
Debtors
13
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
14
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
CREDITORS
Amounts falling due after more than one year
15
NET ASSETS
FUNDS
18
Unrestricted funds
TOTAL FUNDS		 2025
£
18,187
22,848
41,035
346,404
86,296
432,700
(110,791)
321,909
362,944
(25,139)
337,805
337,805
337,805		 2024
£
23,787
22,846
46,633
452,779
201,773
654,552
(55,080)
599,472
646,105
(31,055)
615,050
615,050
615,050

The financial statements were approved by the Board of Trustees and authorised for issue on 25 December 2025 and were signed on its behalf by:

E Gratt - Trustee

The notes form part of these financial statements

Page 10

AMUD HATZDOKOH TRUST

CASH FLOW STATEMENT FOR THE YEAR ENDED 28 FEBRUARY 2025

Notes
Cash flows from operating activities
Cash generated from operations
1
Interest paid
Net cash used in operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Purchase of fixed asset investments
Sale of fixed asset investments
Interest received
Net cash provided by/(used in) investing activities
Cash flows from financing activities
Loan repayments in year
Net cash used in financing activities
Change in cash and cash equivalents
in the reporting period
Cash and cash equivalents at the
beginning of the reporting period
Cash and cash equivalents at the end
of the reporting period		 2025
£
(115,936)
(858)
(116,794)
(6,863)
(2,865)
2,863
14,097
7,232
(5,915)
(5,915)
(115,477)
201,773
86,296		 2024
£
(243,972)
(1,004)
(244,976)
(5,483)
(2,688)
2,363
151
(5,657)
(5,917)
(5,917)
(256,550)
458,323
201,773

The notes form part of these financial statements

Page 11

AMUD HATZDOKOH TRUST

NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 28 FEBRUARY 2025

1. RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

Net (expenditure)/income for the reporting period (as per the
Statement of Financial Activities)
Adjustments for:
Depreciation charges
Interest received
Interest paid
Decrease/(increase) in debtors
Increase in creditors
Net cash used in operations		 2025
£
(277,245)
12,462
(14,097)
858
106,375
55,711
(115,936)		 2024
£
173,064
12,196
(151)
1,004
(448,543)
18,458
(243,972)

2.

ANALYSIS OF CHANGES IN NET FUNDS

At 1.3.24 Cash flow At 28.2.25
£ £ £
Net cash
Cash at bank and in hand 201,773 (115,477) 86,296
201,773 (115,477) 86,296
Debt
Debts falling due within 1 year (5,915) - (5,915)
Debts falling due after 1 year (31,055) 5,916 (25,139)
(36,970) 5,916 (31,054)
Total 164,803 (109,561) 55,242

The notes form part of these financial statements

Page 12

AMUD HATZDOKOH TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 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, with the exception of investments which are included at market value.

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. Donations are accounted for when received, with the exception of voucher income which is accounted for once presented for payment. All other income is recognised on a receivable basis.

Expenditure

Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category and includes irrecoverable VAT which is reported as part of the expenditure to which it relates. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Liabilities are recognised in the year in which they are incurred.

Raising funds comprise the costs incurred by the charitable company in inducing third parties to make voluntary contributions to it, as well as the cost of any activities with a fundraising purpose.

Grants are only recognised in the accounts when paid.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings - 25% on reducing balance Credit card terminals & equip. - straight line over 3 years Computer equipment - 25% on reducing balance

Taxation

The charity is exempt from tax on its charitable activities.

Going concern

There are no material uncertainties about the charity's ability to continue.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the prevailing rate of exchange at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Page 13

AMUD HATZDOKOH TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 28 FEBRUARY 2025

1. ACCOUNTING POLICIES - continued

Financial instruments

Current assets and current liabilities are subsequently measured at the amount expected to be received or paid and not discounted.

2. DONATIONS AND LEGACIES

2.
DONATIONS AND LEGACIES
Donations
3.
INVESTMENT INCOME
Syndicate income
Deposit account interest
Curr asset inv income
4.
RAISING FUNDS
Raising donations and legacies
Printing, postage and stationery
Office costs		 2025
£
18,577,208
2025
£
2,866
111
13,986
16,963
2025
£
78,496
22,347
100,843		 2024
£
16,524,944
2024
£
2,538
151
-
2,689
2024
£
62,817
22,089
84,906

5. CHARITABLE ACTIVITIES COSTS

Grantmaking
Support costs		 Direct
Costs (see
note 6)
£
202,135
213,567
415,702		 Grant
funding of
activities
(see note
7)
£
18,205,107
-
18,205,107		 Support
costs (see
note 8)
£
-
149,764
149,764		 Totals
£
18,407,242
363,331
18,770,573

Page 14

AMUD HATZDOKOH TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 28 FEBRUARY 2025

6. DIRECT COSTS OF CHARITABLE ACTIVITIES

DIRECT COSTS OF CHARITABLE ACTIVITIES
Staff costs
Insurance
Repairs and maintenance
Telephone
Advertising
Rent and rates
Legal and professional
General expenses
Office costs
Software
Website development
Depreciation
Interest payable and similar charges
Foreign exchange gains/losses		 2025
£
204,327
2,205
2,328
6,404
4,621
40,800
48,034
2,420
1,541
41,665
48,406
12,462
858
(369)
415,702		 2024
£
105,135
2,454
4,715
6,644
3,044
39,352
12,843
2,449
1,121
49,577
16,513
12,196
1,004
295
257,342

7.

GRANTS PAYABLE

GRANTS PAYABLE
Grantmaking
The total grants paid to institutions during the year was as follows:
Religious education
Healthcare
Relief of poverty
Advancement of religion
Social welfare
General		 2025
£
18,205,107
2025
£
2,992,294
133,100
2,905,873
1,134,746
199,790
-
7,365,803		 2024
£
15,931,466
2024
£
3,208,770
198,382
2,952,217
810,365
82,237
20,790
7,272,761

The total grants paid to institutions during the year was as follows:

£
Bareketh 887,194
Lamachazikim Boh 346,183
Reshes Chinuch Umifalei Chesed Yetav Lev Desatmar 322,874
Batzel Hachochma 156,633
Tzidkas Ramou 135,812
Positive Youth for the Community 132,600
Gilyon KTY Trust 128,125
Beis Hatalmud Mercaz Chinuchi 120,539
Bnai Levy Foundation 116,034
Yeshivas Or Yoseph 110,759
Torah Tzedokoh Vchesed - Chasdei Moshe 104,012
Lechem Shlomo 101,741
Batei Kneseth Nofei Eliyahu 100,990
Donations below £100,000 4,602,307
7,365,803

Page 15

AMUD HATZDOKOH TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 28 FEBRUARY 2025

7. GRANTS PAYABLE - continued

The total grants paid to individuals during the year was as follows:

Religious education
Healthcare
Relief of poverty
Advancement of religion		 2025
£
131,674
55,996
10,633,072
18,562
10,839,304		 2024
£
126,317
52,555
8,456,534
23,299
8,658,705

8. SUPPORT COSTS

Support costs
Support costs, included in the above, are as follows:
Bank and cc charges
Auditors' remuneration
Auditors' remuneration for non audit
work
General expenses
Compliance & professional fees		 Governance
Finance
costs
£
£
83,752
66,012
2025
Support
costs
£
83,752
24,000
16,800
1,256
23,956
149,764		 Totals
£
149,764
2024
Total
activities
£
28,973
18,200
14,200
2,723
16,759
80,855

9. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 28 February 2025.

Trustees' expenses

There were no trustees' expenses paid for the year ended 28 February 2025 nor for the year ended 29 February 2024.

10. STAFF COSTS

Wages and salaries
The average monthly number of employees during the year was as follows:
Office		 2025
£
204,327
204,327
2025
26		 2024
£
105,135
105,135
2024
20

No employees received emoluments in excess of £60,000.

Page 16

AMUD HATZDOKOH TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 28 FEBRUARY 2025

11. TANGIBLE FIXED ASSETS

COST
At 1 March 2024
Additions
At 28 February 2025
DEPRECIATION
At 1 March 2024
Charge for year
At 28 February 2025
NET BOOK VALUE
At 28 February 2025
At 29 February 2024
12.
FIXED ASSET INVESTMENTS
MARKET VALUE
At 1 March 2024
Additions
Distributions
At 28 February 2025
PROVISIONS
Eliminated on disposal
NET BOOK VALUE
At 28 February 2025
At 29 February 2024		 Credit
Fixtures
card
and
terminals
Computer
fittings
& equip.
equipment
Totals
£
£
£
£
25,460
19,200
19,647
64,307
-
-
6,863
6,863
25,460
19,200
26,510
71,170
18,414
12,800
9,306
40,520
1,762
6,400
4,301
12,463
20,176
19,200
13,607
52,983
5,284
-
12,903
18,187
7,046
6,400
10,341
23,787
Unlisted
investments
£
22,846
2,865
(2,713)
22,998
150
22,848
22,846

There were no investment assets outside the UK.

Page 17

AMUD HATZDOKOH TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 28 FEBRUARY 2025

13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Other debtors
Prepayments and accrued income
14.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Bank loans and overdrafts (see note 16)
Taxation and social security
Other creditors
15.
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
Bank loans (see note 16)
16.
LOANS
An analysis of the maturity of loans is given below:
Amounts falling due within one year on demand:
Bank loans
Amounts falling due between two and five years:
Bank loans - 2-5 years
Amounts falling due in more than five years:
Repayable by instalments:
Bank loans more 5 yr by instal
17.
ANALYSIS OF NET ASSETS BETWEEN FUNDS
Unrestricted
Restricted
fund
fund
£
£
Fixed assets
18,187
-
Investments
22,848
-
Current assets
432,700
-
Current liabilities
(110,791)
-
Long term liabilities
(25,139)
-
337,805
-		 2025
£
317,173
29,231
346,404
2025
£
5,915
8,509
96,367
110,791

2025
£
25,139
2025
£
5,915
23,661
1,478
2025
Total
funds
£
18,187
22,848
432,700
(110,791)
(25,139)
337,805		 2024
£
356,877
95,902
452,779
2024
£
5,915
5,417
43,748
55,080
2024
£
31,055
2024
£
5,915
23,661
7,394
2024
Total
funds
£
23,787
22,846
654,552
(55,080)
(31,055)
615,050

Page 18

AMUD HATZDOKOH TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 28 FEBRUARY 2025

18. MOVEMENT IN FUNDS

Net
movement
At 1.3.24
in funds
£
£
Unrestricted funds
General fund
615,050
(277,245)
TOTAL FUNDS
615,050
(277,245)
Net movement in funds, included in the above are as follows:
Incoming
Resources
resources
expended
£
£
Unrestricted funds
General fund
18,594,171
(18,871,416)
TOTAL FUNDS
18,594,171
(18,871,416)
Comparatives for movement in funds
Net
movement
At 1.3.23
in funds
£
£
Unrestricted funds
General fund
441,986
173,064
TOTAL FUNDS
441,986
173,064
Comparative net movement in funds, included in the above are as follows:
Incoming
Resources
resources
expended
£
£
Unrestricted funds
General fund
16,527,633
(16,354,569)
TOTAL FUNDS
16,527,633
(16,354,569)		 At
28.2.25
£
337,805
337,805
Movement
in funds
£
(277,245)
(277,245)
At
29.2.24
£
615,050
615,050
Movement
in funds
£
173,064
173,064

Page 19

AMUD HATZDOKOH TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 28 FEBRUARY 2025

19. RELATED PARTY DISCLOSURES

During the year the charity received unrestricted donations of £25,750 (2024: £NIL) from a close relative of a trustee.

The spouse of a close relative was remunerated £8,450 (2024: £8,512) for secretarial services.

Page 20