```
REGISTERED COMPANY NUMBER: 06715806 (England and Wales)
REGISTERED CHARITY NUMBER: 1126279
```

## **`REPORT OF THE TRUSTEES AND`** 

## **`FINANCIAL STATEMENTS`** 

## **`FOR THE YEAR ENDED 29 DECEMBER 2024`** 

## **`FOR`** 

## **`FREILICH FAMILY FOUNDATION`** 

```
MGR Paris Limited
Chartered Accountants
55 Loudoun Road
St John's Wood
London
NW8 0DL
```



```
FREILICH FAMILY FOUNDATION
```

```
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 DECEMBER 2024
```

||**`Page`**|
|---|---|
|**`Report of the Trustees`**|`1 to 2`|
|**`Statement of Financial Activities`**|`3`|
|**`Balance Sheet`**|`4`|
|**`Notes to the Financial Statements`**|`5 to 8`|
|**`Detailed Statement of Financial Activities`**|`9`|





```
FREILICH FAMILY FOUNDATION
```

```
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 29 DECEMBER 2024
```

```
ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006,presenttheir report
withthefinancialstatementsofthecharityfortheyearended29December2024.Thetrusteeshaveadopted the
provisionsofAccountingandReportingbyCharities:StatementofRecommendedPracticeapplicableto charities
preparingtheiraccountsinaccordancewiththeFinancialReportingStandardapplicableintheUKandRepublic of
Ireland (FRS 102) (effective 1 January 2019).
```

## **`OBJECTIVES AND ACTIVITIES`** 

## **`Objectives and activities`** 

```
FreilichFamilyFoundationisacharitythatfocussesonreliefofpoverty,educationandwelfarebothintheUK and
Israel.
```

## **`Achievement and Performance`** 

```
We have made donations of £345,686 (2023: £405,917) during the year.
```

## **`Declaration of public benefit`** 

```
The Trusteeshavepaiddueregardto theCharityCommission'sguidanceonpublicbenefitindecidingwhat activities
the Charity should undertake and donates to a wide range of causes including individuals, education and healthcare.
```

## **`Objectives for the year and plans for the future`** 

```
The overallobjectiveof anygivenyearfor the FreilichFamilyFoundationis to ensurethatit can continueto progress
with its focus on relief of poverty, education and welfare both in the UK and Israel.
```

## **`FINANCIAL REVIEW`** 

## **`Reserves policy`** 

```
TheCharityhasapolicytomaintainunrestrictedfunds,whicharethefreereservesoftheCharity,atalevel which
providessufficientfundstocovermanagementandadministrationcostsinthemediumterm,andtocontinue to
expand our activities.
```

## **`STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document`** 

```
Freilich Family Foundation was set up as a Company Limited by Guarantee 6 October 2008
```

```
Freilich Family Foundation is a Charity registered with the Charity Commission under registration number 1126279.
The Trustees encompassindividualswith diverse backgroundsand experience.There is no minimum or maximum time
that an individual may be a Trustee. The Trustees meet quarterly to discuss donations and grants.
```

## **`REFERENCE AND ADMINISTRATIVE DETAILS`** 

## **`Registered Company number`** 

```
06715806 (England and Wales)
```

## **`Registered Charity number`** 

```
1126279
```

## **`Registered office`** 

```
5 Sentinel Square
Hendon
London
NW4 2EL
```

## **`Trustees`** 

```
L C Freilich Consultant
Mrs S S Freilich Consultant
```

```
Page 1
```



```
FREILICH FAMILY FOUNDATION
```

```
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 29 DECEMBER 2024
```

## **`REFERENCE AND ADMINISTRATIVE DETAILS Company Secretary`** 

```
B Grossman
```

```
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
```

```
........................................................................
```

```
L C Freilich - Trustee
```

```
Page 2
```



```
FREILICH FAMILY FOUNDATION
```

## **`STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 29 DECEMBER 2024`** 

||||**`Period`**|
|---|---|---|---|
||||**`31.12.22`**|
|||**`Year Ended`**|**`to`**|
|||**`29.12.24`**|**`29.12.23`**|
|||**`Unrestricted`**|**`Total`**|
|||**`fund`**|**`funds`**|
||**`Notes`**|**`£`**|**`£`**|
|**`INCOME AND ENDOWMENTS FROM`**||||
|`Donations and legacies`||`347,167`|`405,105`|
|**`EXPENDITURE ON`**||||
|`Raising funds`|`2`|`1,603`|`-`|
|**`Charitable activities`**||||
|`Grants to institutions`||`345,686`|`405,917`|
|**`Total`**||`347,289`|`405,917`|
|**`NET INCOME/(EXPENDITURE)`**||`(122)`|`(812)`|
|**`RECONCILIATION OF FUNDS`**||||
|`Total funds brought forward`||`1,130`|`1,942`|
|**`TOTAL FUNDS CARRIED FORWARD`**||`1,008`|`1,130`|



```
The notes form part of these financial statements
```

```
Page 3
```



```
FREILICH FAMILY FOUNDATION
```

## **`BALANCE SHEET 29 DECEMBER 2024`** 

|||**`29.12.24`**|**`29.12.23`**|
|---|---|---|---|
|||**`Unrestricted`**|**`Total`**|
|||**`fund`**|**`funds`**|
||**`Notes`**|**`£`**|**`£`**|
|**`CURRENT ASSETS`**||||
|`Cash at bank`||`1,008`|`1,130`|
|**`NET CURRENT ASSETS`**||`1,008`|`1,130`|
|**`TOTAL ASSETS LESS CURRENT LIABILITIES`**||`1,008`|`1,130`|
|**`NET ASSETS`**||`1,008`|`1,130`|
|**`FUNDS`**|`5`|||
|`Unrestricted funds`||`1,008`|`1,130`|
|**`TOTAL FUNDS`**||`1,008`|`1,130`|



```
The charitablecompanyis entitledto exemptionfrom audit under Section477 of the CompaniesAct 2006 for the year
ended 29 December 2024.
```

```
Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsfortheyear ended
29 December 2024 in accordance with Section 476 of the Companies Act 2006.
```

```
The trustees acknowledge their responsibilities for
```

- `(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and` 

- `(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.` 

```
Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicabletocharitable companies
subject to the small companies regime.
```

```
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissue on
............................................. and were signed on its behalf by:
```

```
.............................................
```

```
L C Freilich - Trustee
```

```
The notes form part of these financial statements
```

```
Page 4
```



```
FREILICH FAMILY FOUNDATION
```

```
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 DECEMBER 2024
```

## **`1. ACCOUNTING POLICIES`** 

## **`Basis of preparing the financial statements`** 

```
The financialstatementsof the charitablecompany,whichis a publicbenefitentityunderFRS 102,have been
preparedinaccordancewiththeCharitiesSORP(FRS102)'AccountingandReportingbyCharities: Statement
ofRecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththe Financial
ReportingStandardapplicablein the UK and Republicof Ireland(FRS 102) (effective1 January2019)', Financial
ReportingStandard102 'The FinancialReportingStandardapplicablein the UK and Republicof Ireland'and the
Companies Act 2006. The financial statements have been prepared under the historical cost convention.
```

```
Thefinancialstatementsarepresentedinsterlingwhichisthefunctionalcurrencyofthecompany and
rounded to the nearest £.
```

## **`Income`** 

```
All incomeis recognisedin the Statementof FinancialActivitiesoncethe charityhasentitlementto the funds,
it is probable that the income will be received and the amount can be measured reliably.
```

## **`Expenditure`** 

```
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommitting the
charitytothatexpenditure,itisprobablethatatransferofeconomicbenefitswillberequiredin settlement
andtheamountof theobligationcanbe measuredreliably.Expenditureis accountedforonanaccruals basis
andhas been classifiedunderheadingsthataggregateall costrelatedto the category.Wherecostscannot be
directlyattributedtoparticularheadingstheyhavebeenallocatedtoactivitiesonabasisconsistentwith the
use of resources.
```

```
Grants offered subject to conditionswhich have not been met at the year end date are noted as a  commitment
but not accrued as expenditure.
```

## **`Taxation`** 

```
The charity is exempt from corporation tax on its charitable activities.
```

## **`Fund accounting`** 

```
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
```

```
Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthe charity.
Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
```

```
Furtherexplanationofthenatureandpurposeofeachfundisincludedinthenotestothe financial
statements.
```

## **`Debtors and creditors receivable/payable within one year`** 

```
Debtorsandcreditorswithnostatedinterestrateandreceivableorpayablewithinoneyeararerecorded at
transactionprice.Any lossesarisingfrom impairmentare recognisedin the Statementof FinancialActivities in
other resources expended.
```

## **`Cash and Cash equivalents`** 

```
Cashandcashequivalentincludecashinhand,depositsheldatcallwithbanks,othershortterm liquid
investments with original maturities of three months or less.
```

```
continued...
```

```
Page 5
```



```
FREILICH FAMILY FOUNDATION
```

```
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 DECEMBER 2024
```

## **`2. RAISING FUNDS`** 

## **`Raising donations and legacies`** 

|**`Raising donations and legacies`**|||
|---|---|---|
|||**`Period`**|
|||**`31.12.22`**|
||**`Year Ended`**|**`to`**|
||**`29.12.24`**|**`29.12.23`**|
||**`£`**|**`£`**|
|`Support costs`|`1,603`|`-`|



## **`3. TRUSTEES' REMUNERATION AND BENEFITS`** 

```
Therewerenotrustees'remunerationorotherbenefitsfortheyearended29December2024norfor the
period ended 29 December 2023.
```

## **`Trustees' expenses`** 

```
Therewerenotrustees'expensespaidfortheyearended29December2024norfortheperiod ended
29 December 2023.
```

## **`4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`** 

|**`COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`**||
|---|---|
||**`Unrestricted`**|
||**`fund`**|
||**`£`**|
|**`INCOME AND ENDOWMENTS FROM`**||
|`Donations and legacies`|`405,105`|
|**`EXPENDITURE ON`**||
|**`Charitable activities`**||
|`Grants to institutions`|`405,917`|
|**`NET INCOME/(EXPENDITURE)`**|`(812)`|
|**`RECONCILIATION OF FUNDS`**||
|`Total funds brought forward`|`1,942`|
|**`TOTAL FUNDS CARRIED FORWARD`**|`1,130`|



```
continued...
```

```
Page 6
```



```
FREILICH FAMILY FOUNDATION
```

```
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 DECEMBER 2024
```

## **`5. MOVEMENT IN FUNDS`** 

|**`Unrestricted funds`**<br>`General fund`<br>**`TOTAL FUNDS`**<br>`Net movement in funds, included in the above are as follows:`<br>**`Unrestricted funds`**<br>`General fund`<br>**`TOTAL FUNDS`**|**`Net`**<br>**`At`**<br>**`movement`**<br>**`At`**<br>**`30.12.23`**<br>**`in funds`**<br>**`29.12.24`**<br>**`£`**<br>**`£`**<br>**`£`**<br>`1,130`<br>`(122)`<br>`1,008`<br>`1,130`<br>`(122)`<br>`1,008`<br>**`Incoming`**<br>**`Resources`**<br>**`Movement`**<br>**`resources`**<br>**`expended`**<br>**`in funds`**<br>**`£`**<br>**`£`**<br>**`£`**<br>`347,167`<br>`(347,289)`<br>`(122)`<br>`347,167`<br>`(347,289)`<br>`(122)`|
|---|---|



## **`Comparatives for movement in funds`** 

|||**`Net`**||
|---|---|---|---|
||**`At`**|**`movement`**|**`At`**|
||**`31.12.22`**|**`in funds`**|**`29.12.23`**|
||**`£`**|**`£`**|**`£`**|
|**`Unrestricted funds`**||||
|`General fund`|`1,942`|`(812)`|`1,130`|
|**`TOTAL FUNDS`**|`1,942`|`(812)`|`1,130`|



```
Comparative net movement in funds, included in the above are as follows:
```

|**`Unrestricted funds`**<br>`General fund`<br>**`TOTAL FUNDS`**|**`Incoming`**<br>**`resources`**<br>**`£`**<br>`405,105`<br>`405,105`|**`Resources`**<br>**`Movement`**<br>**`expended`**<br>**`in funds`**<br>**`£`**<br>**`£`**<br>`(405,917)`<br>`(812)`<br>`(405,917)`<br>`(812)`|
|---|---|---|



```
continued...
```

```
Page 7
```



```
FREILICH FAMILY FOUNDATION
```

```
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 DECEMBER 2024
```

## **`6. RELATED PARTY DISCLOSURES`** 

```
There were no related party transactions for the year ended 29 December 2024.
```

## **`7. ULTIMATE CONTROLLING PARTY`** 

```
The ultimate controlling party is Mr L Freilich.
```

```
Page 8
```



```
FREILICH FAMILY FOUNDATION
```

```
2
```

## **`DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 29 DECEMBER 2024`** 

|||**`Period`**|
|---|---|---|
|||**`31.12.2`**|
||**`Year Ended`**|**`to`**|
||**`29.12.24`**|**`29.12.23`**|
||**`£`**|**`£`**|
|**`INCOME AND ENDOWMENTS`**|||
|**`Donations and legacies`**|||
|`Donations`|`347,167`|`405,105`|
|**`Total incoming resources`**|`347,167`|`405,105`|
|**`EXPENDITURE`**|||
|**`Charitable activities`**|||
|`Grants to institutions`|`345,686`|`405,917`|
|**`Support costs`**|||
|**`Management`**|||
|`Telephone`|`39`|`-`|
|`Postage and stationery`|`130`|`-`|
|`Fundraising`|`598`|`-`|
|`Late filing penalty`|`235`|`-`|
||`1,002`|`-`|
|**`Finance`**|||
|`Bank charges`|`601`|`-`|
|`Total resources expended`|`347,289`|`405,917`|
|**`Net expenditure`**|`(122)`|`(812)`|



```
This page does not form part of the statutory financial statements
```

```
Page 9
```