REGISTERED COMPANY NUMBER: 06715806 (England and Wales) REGISTERED CHARITY NUMBER.. 1126279 REPORT OF THE TRUSTEES AND DITED FINAN TATEMENT FOR THE YEAR ENDED 30TH DECEMBER 2022 FOR FREIUCH FAMILY FOUNDATION Par￿ Parknèrship LLP Chartered AcC￿￿tantS Ru&8ell Housa 140 High Street Edgware mIdd￿seX 7LW FREILICH FAMILY FOUNDATION CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH DECEMBER 2022 Page Report of tho Tru¥t•es Stat•m•nt of Flnanelal Actlvltl•8 Balance Sheet Noto• to th• Fln•n¢l¥l Stst•m•n¢• Dètall•d Stat•m•nt of Flnanelal Actlvltl•• FREILICH FAMILY FOUNDATION REPORT OF THE TRUSTEES FOR THE YEAR ENOED 30TH DECEMBER 2022 The trustees who are 8180 directors ol the dwnty for Ihe purwses of the Compan￿5 Ad 2rffi, present their retxjrt with the financial statemènts ol thè charlty lor thè yèar Ènded 30th DecÈmt*r 2022. The trustees hav8 adopted thè provisions ol Accounting and Rewling by Charitses". Statement ol Recommended Practice applicable to charities preparing their accounts in accordan￿ wth the Finanual Rewting Standard appI￿a￿e in the UK and Republic of Irekind IFRS 1021 leffecb've 1 January 20191. 08JECThVES AND ACTIVITIES Objectlves and activilies Freillch Family Foundation is a charity Ihat fcusses on ￿l￿f of F¥)verty, education and *ella￿ both in the UK and Israel. Aehl•v•mont and Perforrnane• We have made donatsons of 178,910.1812021..184.9841 during ihe year. Declaratlon of publlc benefft The Trustees have paid due regard to the Charity Commission's guidance on public b&nefft In deciding vthat activitles Ihg Charity should undertake and donates lo a Y￿de raThJe of causes indudiThJ indiwduals. education and healthcare. ObJèctlv•8 for th• y•ar and plan• for th• futur• The over811 objective ol 8ny given yoar lor the Freilth Famity F￿ndation is to onsure Ihal il can conbnuo lo pro9￿$$ wtth its fo¢u$ on rg11&l of povèrly, gducauon and M￿larg both in th9 UK and Israèl. FINANCIAL REVIEW R•$•r¥•8 poll¢y The Charity has 8 policy lo maintain unrestricted fund5, v•hth are the free r&8erves of the Charty, al 8 level provides 8uffl¢Jenl funds lo cover m8n89om&nl and adminislrallon cosls In tho modium lemi, lo continuo to expand our a¢￿￿￿e8. STRUCTURE, GOVERNANCE ANO MANAGEMENT Govgrnlng docum•n¢ Freilich Family Foundation was set up as a Company Limited by Guaranlee 6 Odober 2￿)8 Freillch Family Foundation 18 8 Charily registere(I wth Ihe Charity Commission under regislralion number 1126279, The Truslee5 encompass irKlividu815 wth diverse bathground$ arKI eX￿r1￿Ce. There is ng minimum or maximum limo Ihal an In¢Jfvldual may bg a Trustse. Thg Tru$tg8s nwt quartgty lo dL8¢uss don8b.ons and grants. REFERENCE AND ADMINISTRATIVE DETAILS Regl8tered Company number 06715806 (England and Wales) R•gl8t•r•d Charlty numb•r 1126279 Rggl$tgr¢d offl¢e 5 Sentinel Square Hendon London NW4 2EL Trustees L C Freilich Consultant Mrs S S Freilich Consultsnt Company Secretary B Grossman Approved by Ixder of the trrf)ard of trustees on .........6 February.2024 . and syne(l on ts behaff by.. Pa9e 1 FREILICH FAMILY FOUNDATION REPORT OF THE TRUSTEES FOR THE YEAR ENOED 30TH DECEMBER 2022 L C Freilich- Trustee Page 2 FREILICH FAMILY FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENOED 30TH DECEMBER 2022 Period 1.1.21 to 30.12.21 Total funds Y•ar End•d 30.12.22 Unrestrlcted fund Not85 INCOME AND ENDOWMENTS FROM Donatk)ns And legaci8$ 180,251 185,585 EXPENDITURE ON Charl¢abl• actlvltl•¥ Grants to institutions 178.910 184,984 NET INCOME 1.341 601 RECONCILIATION OF FUNDS Totsl furKJs brought forward 601 TOTAL FUNOS CARRIED FORWARD 1,942 601 nolas fcm part of th8se finanoal statèm8nts P￿e3 FREILICH FAMILY FOUNDATION BALANCE SHEET 30TH DECEMBER 2022 2022 UnMstrlet•d fund 2021 Total funds Notes CURRENT ASSETS Cash at bank 1.942 601 NET CURRENT ASSETS 1.942 601 TOTAL ASSETS LESS CURRENT LIABILITIES 1.942 601 NET ASSETS 1.942 601 FUNDS Unrestricted funds 1,942 601 TOTAL FUNDS 1,942 601 The charitable company Is entitkny to exempl￿ Irom a￿￿rt under Sect*)n 477 01 thts Companies Act 2CX)6 for the year ended 30th D￿rnber 2022. The members have not requlred the company to obtaln an audll ol its flnandal statements for th8 yaar ended 30th December 2022 in accordan￿ wih Secb'on 476 of the Companies Act 2Crf)6. The tru8lees acknoWedge their res￿n31b11ilieS lal en$urin9 that the ¢haritsblg c¥mp8ny kegps ¥¢[)￿nI￿n9 records Ihal comply vrith Sections 386 and 387 01 the Companies Act 2006 and preparing f1nancial slatements give a tsue and lair ol the stst6 of affairs ol the charitable company as at the end ol each finanaal year and ol its surplus or deficit lor each financial year in acLordance wth the requirements of Sections 394 and 395 and %thith othewse comply with Ihe requIrerT￿ts of Ihe Companie5 Acl 2006 relating to financial staternents. 30 lar as applicable to the tharilable c¢ynpany. Ibl These financial stat6menls hav6 b8en w8par8d in accordanc8 V*ith thg provislons applkable io charltabl& CA)mpanles subject lo the small companies regime. The financial slalernents ￿Te 8pproved by the Board of Trustees and aulh￿se￿ lor issue on 8nd We￿ signed on ils behalf by.. 6 February. 2024 L C Freili¢h- Trustee notes fm part ofthese finanoal statèments Pa9e 4 FREILICH FAMILY FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH DECEMBER 2022 ACCOUNTING POLICIES Basls of preparlng the financlal statements The financial statements ol the charitable company, is a wblk bènefit anllty undèr FRS 102, hav8 b88n prepa￿￿ in accordance wlh the Charibes SORP IFRS 1021 Accounting and Reporting by Charities.. Stalement ol Recommended Practice applicable to charities preparing their accxjunts in acc£)rdance wth the Financial Rewrting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20191., Financial Reporting Standard 102 'The Fin8n¢i81 Reporting SlarKlard applicable in the UK and Republic of Irel8nd' 8nd the Companies Act 2006. Thè financial statements hav¢ bèèn prepar￿ under the historical cost eonventson. The financial statements are presented in slerting ￿lch is the fvnciional oJThency of the company and rounded to the nearest £. Incom• All Income is recognlsed in thè Statement of Flnandal Actfvths once the chartty ha$ &ntitlè￿nl to thg fvnds. It 1$ probable that the income wll received and the amounl can be measured rèliably. Expondliur• Liabilits'es are reC￿gnIsed as expenditure a5 soon as Ihere is a ￿￿1 or constructive obligatson cornmitting the charity lo that gxpenditure, It is probabb that a translor ol ￿X)noMiC benefits will b8 reoulred in SOlUement and the amount ol thè obligation can be Measur￿ reliably. Expondilure is acctyJnt8d lor on an accruals basis and has b6en classified under headings that aggregate all cost r&laled to Ihe categjry. Where costs cannol be directly attn'buted to particular headings they have been alkKaled lo ac11vil￿$ on a basis consistent wth the use ol resources. Grants offered subject lo ¢ondrtion$ which have nol twn met at th& year end dats a￿ noted as a commilmenl bul not a¢¢rued as 9x￿n*JIturn. Toxjtlon The charity is exempt Irom o)rporation lax on its thariiabl8 al*￿t￿￿. Fund accountlng Unrèslrict8d funds can bg used In a¢ctydan¢e vhth lh& ¢h81ilabb oblectiv&$ 8t Iho dIWot￿ ofthe truslges. Reslrbcted lunds can only be used for porticular restricted purposes wthin the obj'ects of the charity. Residctions arise vthen specified by the donor or when fvnds are raised for partiojlar restricied purpM)seB. Further explanation ol the fialu￿ and purpose of gach lund is induded in Ihe notes to lh& financial $tsl&men¢8. Oebtorn and credltors rec•lvabl•lpayabl? wlthln one year Debtors aThJ creditors no stated interest rale and receivable or payable wlhin one year a￿ recorded al transaction price. Any losses ari￿ng Irom impairment are recojnised in the Statement ol Financial Activities in other reswrce5 expended. Cash and Cash •qul¥al•nts Cash and cash equivalent indude cash in hand. deposits held at call wth banks, other short lerm Ilquhl Investments with original rnaturil￿s of three months or less. Page 5 C4Jntinued... FREILICH FAMILY FOUNDATION NOTES TO THE FINANCIAL STATEMENTS - contlnu•d FOR THE YEAR ENDED 30TH DECEMBER 2022 TRUSTEES. REMUNERAnoN AND BENEFITS There wer¢ no trustees. i¢muneralion fx other beneffts f(x th8 year eN18d 30th De(*mI￿r 2022 nor for the p8rfod ended 30th December 2021. Trustèès. •xp•ns•s There ￿re no trus¢$8s' ex[￿88$ PaKI for lh& year 8nd811 301h 0￿mber 2022 nor fof the period ended 30th Decembèr 2021. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund INCOME AND ENDOWMENTS FROM Donations and le9acies 185,585 EXPENDITURE ON Charltabl• actlvltl•• Grants to institutions 184,984 NET INCOME 601 TOTAL FUNDS CARRIEO FORWARD 601 MOVEMENT IN FUNDS Nel movtrmenl in fvnds Al 31.12.21 Al 30.12.22 Unrgstrlcted fund• General furKI 1,341 1,942 TOTAL FUNDS 601 1,341 1,942 Net movement in funds. included in the above are as follcrws: IncomiThJ rgsour Resources gxpondgd Movement in funds UnrgstTl¢ted funds General fLJnd 180.251 1178,9101 1,341 TOTAL FUNDS 180,2S1 1178,9101 1,341 Page 6 C4Jntinued... FREILICH FAMILY FOUNDATION NOTES TO THE FINANCIAL STATEMENTS - contlnu•d FOR THE YEAR ENDED 30TH DECEMBER 2022 MOVEMENT IN FUNDS- eontlnu•d Comparatlves for movement In funds Net movement in fvnds At 30.12.21 At1.1.21 Unr•strlct•d funds General fuThJ 601 601 TOTAL FUNDS 601 601 Comparativ& nèt mov8m8nt In lunds, indudad In thg ab)v8 arn as fdlce•*S: I1￿•r￿j resources Resources expended Movement in funds Unrestrlcted lund• Geneial fuThJ 185.$85 1184,9841 601 TOTAL FUNDS 185.$85 1184,9841 601 RELATEO PARTY DISCLOSURES There were no related party transacb'ons lor Ihe year ended 301h Oecember 2022. ULTIMATE CONTROLLING PARTY Tha ultimata controlling party is Mr L Fr•illch. Page 7 FREILICH FAMILY FOUNDATION DETALED STATEMENT OF FINANCIAL ACnVITIES FOR THE YEAR ENDED 30TH DECEMBER 2022 Per 1.1.21 to 30.12.21 Year ErTrdgd 30.12.22 INCOME AND ENDOWMENTS Donatlons and l•gacl•8 Donations 180,251 185,585 Total Incornlng r•sourc* 180.251 185,585 EXPENDITURE Charbtabl• actlvlth8 Grants lo Institutions 178.910 184,984 Tot81 ￿$0yr¢99 &xp&nde