REGisfERED CHARrrY NUMBEL. 1123184 Report of the Trustees and Unaudited Financlal Ststements ft•r the Year Ended 31 March 2025 SOLI KELATY & ISAAC LEVY MEMORIAL TRusr JLA Accountsnts 42 Lfftn Road Barnet Hertfordshire EN5 5BY
SOU KELATY & ISAAC LEVY MEMORIAL TRusr Contents of the Financial Statements for the Year Ended 31 March 2025 Page Reference and Administrative Details Report of the Trustees Independent Examinevs Report Statement of Financial Activities Balance Sheet Notes to the Flnanclal Statements 6 to 10 Detailed Statement of Flnanclal Activities li
SOLI KELATY & ISAAC LEVY MEMORIAL TRUST Reference and Administrative Detsils for the Year Ended 31 March 2025 TRuEEs F S Kelaty Ms S Kdaty H Levy PRINCIPAL ADDRESS C£C Estate 105 Eade Road London N4 ITJ REGISTERED CHARrrY NUMBER 1123184 INDEPENDEKf EXAMINER JLA Accountsnts 42 Lytton Road Bamet Hertfordshire EN5 5BY Page I
SOLI KELATY & ISAAC LEVY MEMORIAL TRusr Report of the Trustees for the Year Ended 31 March 2025 The trustees present their report with the financial statsments of the charrty for the year ended 31 March 2025. The trustees have adopted the provisions of Accounting and Repjrttng by IarItIes. Statement of Recommended Practice applicable to charities preparing thwr accounts in accordan WFth the Finanoal ReFK)rting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019). OBJEcfIvES AND ACtIvrrIES The objectives of the charity is to provide or assist in the provision of faalibes Sn the interests of social welfare for children, young people or other ChareS or voluntsry bodies. In fulfilling their obligations, the Trustees have had regard to the guidan issu&l by the Charlty Commlsslon on public benefft. FINANCIAL REVIEW The income received for the year was £35,585 arKI made a net rpluS of £19,388. The Trustees are sattsfied with the resulis for the year. STRucfuRE, GOVERNANCE AND MANAGEMENT The Trust is an unincorporated charity, Chartty No. 1129184, govemej by a trust deed date 5 March 2008. There are 3 Trustees that meet to make decisions in regards to the financfal management and g0Veman of the Charity. All trustees glve their time voluntsry and recetve no remuneration or other beneffts. Approved by order of the toard of trustees on 14 25- and signed on its behalf by: F S Kelaty - Trustee Page 2
Independent Examiner's Report to the Trustees of Soli Kelaty & Isaac Levy Memorial Trust Independent examinerfs report to the trnstees of Soli Kelaty & Isaac Levy Memorial Trust I rert to the charity trustees on my examination of the accounts of Soli Kdaty & Isaac Levy Memorial Trust (the Trust) for the year ended 31 March 2025. Responsibilities and basis of report As the charty trustees of the Trust you are responsble ft)r the prepat3tion of the accounts in accordan with the requirements of the Charities Act 2011 (Vje ACV). I report in respect of my examination of the TwsV5 accounts carried out under Section 145 of the Att and in c3rrying out my examination I have followed all applicable Directions given by the Charity mMISsion under Section 145(5)(b) of the ACL Independent examiner's Statement I have completed my examination. I confinn that no material rnattS have come to my attention In connettion with the examination giving me cause to believe that in any material res. accounting records were not kept in resFett of the Trust as r8Juired by Section 130 of the Att. or the accounts do not accord with those records; or the accounts do not comply with the applicable requirements concemlng the fonn and content of accounts set out in the Chatibes (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 indendent ey3mination. I have no conMS and have come acr055 no other mattets in connection with the eaminatiOn to which attention should be drawn in this report in order to enable a proFer undethnding of the accounts to be reached. fK6y JLA Accountsnts 42 Lon Road Barnet HertfordshlrE EN5 5BY Page 3
SOLI KELATY & ISAAC LEVY MEMORIAL TRusr Statement of Financial Activities for the Year Ended 31 March 2025 31.3.25 31.3.24 Unrestricted Totsl fund funds INCOME AND ENDoWMEIs FROM Investment income 35,586 34,999 EXPENDrruRE ON Other 16,198 17,141 NEf INCOME 19,388 17,858 RECONCILIATION OF FUNDS Totsl funds brought forward 591,098 573,240 TOTAL FUNDS CARRIED FORWARD 610,486 591,098 The notes form part of these financial ststements Page 4
SOLI KELATY & ISAAC LEVY MEMORIAL TRusr Balan Sheet. 31 March 2025 31.3.25 31.3.24 Unrestricted Total fund fiJnds FIXED ASSErs Investment property 787064 787,864 CURREKf ASSErs Cash at bank 38,352 39,742 CREDITORS Amounts falling due wfthin one year (35056) (29,316) NET CURREKf ASSErs 2,496 10,426 TOTAL ASSEfs LESS CURRENT LIABILThIES 790,360 798,290 CREDrroRS Amounts falling due after more than one year (179074) (207,192) NEf ASSETS 610A86 591,098 FUNDS Unrestricted ndS 610,486 591,098 TOTAL FUNDS 610N86 591,098 The financial ststements were approved by the &)ard of T$tS and authorf*Y for issue on i % ZC- and were signed on ts behalf by: F S Kelaty - Trustee S Kelaty - Trustee The notes fonn part of these finanaal staternents Page 5
SOLI KELATY & ISAAC LEVY MEMORIAL TRusr Notes to the Financial Statements for the Year Ended 31 March 2025 ACCOUNTING POLICIES Basis of preparing the financial statements The financial. statements of the chartty, which is a public IRnefit entity under FRS 102, have been prepared in accordance wtth the Chartbes SORP (FRS 102) 'Accounting and Reporting by Charttse5: Statement of Recommended PTrctice ap[l¢able to charibes preparing their accounts in accordance wh the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019),, Financial Reporting Stsndard 102 The Flnancial Reporknng Standard applicable in the UK and Republic of Ireland. and the Charibes Act 2011. The finanaal statements have been prepared under the historical cost convention. Income l income is regnised in the Ststanent of Financial Actvibes ontt the charity has entitlement to the funds, it Is probable that the income will be received the amount can be measured reiiabty. Expendrture Liabilities recognised as eXpend[tU as soon as there is a legal or constructive obligation committrng the charity to that £YkEnditure, is probable that a trdnsfer of economic benefits wll be required in settEement and the amount of the obligation can be measured re]iabty. ExFendibJre is accounted for on an amals basis and has been classified under headlngs that aggregate all cost related to the category. Where costs cannot be directy attributed to particular headings they have been allocated to acbvtbes on a basis consistent with the use of resources. Investment property Investment propety is shown at most recent valuation. Any aggregate surplus or defidt aristng from changes In Pdir value is recoanised In the Ststement of Financial ActNitses. Taxation The charity is exempt from tsx on ts charitsble acbvitjes. Fund accounting Unrestritsd funds can be used in accordance the tharitsble Ob]tiveS at the dlscretion of the trustees. Restricted funds can onty tre used for particular re5thrted purp)ses wthin the obj.etts of the charity. Restrictions arfse when specified by the donor or when funds a raised for particular restricted purposes. Further explanaOn of the nature and purpjse of each fund is induded in the notes to the financlal statements. INVESTMENT INCOME 31.3.25 31.3.24 Rents received 35,586 34,999 TRUSTEES. REMUNERATION AND BENEFrrs There were no trustees, rernuneration or other benefits for the year endèj 31 March 2025 nor for the year ended 31 March 2024. Trustees. expenses There were no trustees, exFenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024. Page 6 continued...
SOLI KELATY & ISAAC LEVY MEMORIAL TRusr Notes to the Financial Statements - continued for the Year Enoed 31 March 2025 COMPARATIVES FOR THE sfATEMENT OF FINANCIAL AcrIvrrIES Unrestritted fund INCOME AND ENDOWMEKfs FROM Investsnent income 34,999 EXPENDrnJRE ON Other 17,141 NEf INCOME 17,858 RECONCIUATION OF FUNDS Totsl funds brought forward 573,240 TOTAL FUNDS CARRIED FORWARD 591,098 INVESfMEr PROPERTY FAIR VALUE At l April 2024 and 31 March 2025 787A64 NEf BOOK VALUE At 31 March 2025 787,864 At 31 March 2024 787,864 CREDrroRS: Amoupifs FALLING DUE WThHIN ONE YEAR 31.3.25 31.3.24 Bank loans and overdrafts (* note 8) 35056 29,316 Page 7 continued...
SOLI KELATY & ISAAC LEVY MEMORIAL TRusr Notes to the Financial Statements ~ continued for the Year Ended 31 March 2025 CREDThORS: AMOUNTS FALLING DUE AFTER MORE ThAN ONE YEAR 31.3.25 31,3.24 Bank loans nots 8) 179,874 207,192 LOANS An analysis of the maturty of loans is gwen beiow: 31.3.25 31.3.24 Amounts frdlling due within one year on demand: Bank loans 35,856 29,316 Amounts falling btheen one and years: Bank loans - 1-2 years 35056 29,316 Amounts falling due bknn and five years: Bank loans - 2-5 years 107,568 87,948 Amounts falling due in more than fve years: Repayable.by instalments: Bank loans more 5 yr by instal 36,450 89,928 MOVEMENT IN FUNDS Net movement in funds At 31.3.25 At 1.4.24 Unrestricted funds General fund 591,098 19,388 610,486 TOTAL FUNDS 591,098 19A88 610A86 Net movement in funds, included in the above are as follows: Incoming resources Resources Movement expended in funds Unrestricted funds Gener31 fund 35,586 (16,198) 19,388 TOTAL FUNDS 35,586 (16,198) 19,388 Page 8 continued...
SOLI KELATY & ISAAC LEVY MEMORIAL TRusr Notss to the Financial Statements - continued for the Year Ended 31 March 2025 MOVEMEKf Iw4 FUNDS - conts.nued Q)mpardtives for movement in funds Net movement in fiJnds At 31.3.24 At 1.4.23 Unrestricted funds General fund 573,240 17,858 591,098 TOTAL FUNDS 573,240 17,858 591,098 Comparative net movement in funds, included in the ai¥we are as follows: Incoming resources Resources expended Movement in fijnds Unrestricted funds General fund 34,999 (17,141) 17,858 TOTAL FUNDS 34,999 (17,141) 17,858 A current year 12 months and prlor year 12 months combined position is as folk)ws: Net movement in funds At 31.3.25 At 1.4.23 Unrestricted funds General fiJnd 573,240 37,246 610,486 TOTAL FUNDS 573,240 37,246 610,486 A current year 12 months and prior year 12 months combined net movement In fiJnds, induded in the above are as follows: Incoming resources Resources expended Movement in funds Unrestrirted funds General fund 70,585 (33,339) 37,246 TOTAL FUNDS 70,585 (33,339) 37,246 Page 9 continued...
SOLI KELATY & T>AAC LEVY MEMORIAL TRusr Notes to the Financial Statements - continued for the Year Ended 31 March 2025 io. RELATED PAKTY DISCLOSURES There were no rdated party transactions for the year endaj 31 March 2025. Page 10
SOLI KELATY k .ICfik,C. LW4Y 11.EMOXIAL TRiJsr Detailed sYaÈ£r.ierj or Financia! Arti'Jities for the Year Epd.-4 ?1 March 202< 31.3.25 31.3.24 INCOME AND EI4Dts',t•41EIs Investment in¢oiT.fJ Rents received 35,586 34,999 Total incoming resources 35,586 34,999 EXPENDrruRE Support costs Finance Bank charges 226 241 Other 2 Bank loan interest 15,972 16,900 Totsl resour expended 16,198 17,141 Net Income 19,388 17,858 Tf]is page does not form part of the statutory finanaal statements Page 11