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← Ezer Bekovoid Limited

2024-10-31-accounts

REGISTERED COMPANY NUMBER: 07330341 (England and Wales) REGISTERED CHARITY NUMBER: 1138167

EZER BEKOVOID LIMITED (A COMPANY LIMITED BY GUARANTEE)

REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024

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

EZER BEKOVOID LIMITED

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024

Page
Reference and Administrative Details 1
Report of the Trustees 2 to 3
Statement of Financial Activities 4
Balance Sheet 5
Cash Flow Statement 6
Notes to the Cash Flow Statement 7
Notes to the Financial Statements 8 to 13

EZER BEKOVOID LIMITED

REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 OCTOBER 2024

TRUSTEES

A Langberg J A Ost J Teitelbaum B Goldstein

REGISTERED OFFICE

6 Grosvenor Way London E5 9ND

REGISTERED COMPANY NUMBER

07330341 (England and Wales)

REGISTERED CHARITY NUMBER

1138167

BANKERS

United Mizrahi Tefahot Bank Ltd 30 Old Broad Street London EC2N 1HQ

Page 1

EZER BEKOVOID LIMITED (REGISTERED NUMBER: 07330341)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 OCTOBER 2024

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 October 2024. The trustees have adopted the provisions of 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).

Reference and administrative information

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

OBJECTIVES AND ACTIVITIES

Objectives and aims for public benefit

The objects of the charity are the advancement of the Orthodox Jewish Faith, advancement of education, relief of poverty and such other purposes as are recognised by English Law as charitable.

The trustees confirm that they have referred to the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives. The charity carries out its objects by grantmaking.

Grant making policy

All applications to the charity for grants are considered carefully by the trustees at regular meetings. On most occasions, if the trustees feel that the application meets their approval in principle, they will meet applicants face to face and discuss with them details of the application. The trustees usually then have a further meeting before making a decision as to whether assistance should be granted, and if so, to what level. All grants must be approved by the unanimous agreement of the Trustees.

ACHIEVEMENT AND PERFORMANCE

Charitable activities

The charity receives its income from donations. There was a 48% increase in donations although the trustees reduced grantmaking by 18%. The main grant recipients were the Keser Malchus Girls' School and Bachatzros Kodshecho Boys' School. Grants were also provided to individuals who found themselves in particular financial hardship.

FINANCIAL REVIEW

Reserves policy

The trustees do not seek to maintain significant levels of reserves, other than to ensure that they can continue the activities of the charity. Reserves at the year end were £431,400 (2023 - £724,785).

FUTURE PLANS

The trustees anticipate that the charity will continue on a similar basis in the foreseeable future subject to satisfactory income and there are no plans for any major changes.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is constituted as a limited company and is governed by its Memorandum and Articles of Association dated 29 July 2010.

Organisational structure

The day to day affairs of the charity are administered by the trustees. The power to appoint new trustees is vested in the trustees. It is not the intention of the trustees of the charity to appoint any new trustees. Should the situation change in the future, the trustees will apply suitable recruitment induction and training procedures.

Risk management

The trustees have reviewed the major risks to which the charity is exposed and confirm that they have established systems to mitigate them.

Page 2

EZER BEKOVOID LIMITED (REGISTERED NUMBER: 07330341)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 OCTOBER 2024

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on 31 August 2025 and signed on its behalf by:

J Teitelbaum - Trustee

Page 3

EZER BEKOVOID LIMITED

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 OCTOBER 2024

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
Investment income
3
Total
EXPENDITURE ON
Raising funds
4
Charitable activities
5
Grantmaking
Support
Total
NET INCOME/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 2024
Unrestricted
funds
£
925,141
-
925,141
1,702
1,192,745
24,079
1,218,526
(293,385)
724,785
431,400		 2023
Total
funds
£
1,757,447
46
1,757,493
8,151
1,006,326
39,585
1,054,062
703,431
21,354
724,785

CONTINUING OPERATIONS

The statement of financial activities includes all gains and losses arising in the year.

All income and expenditure has arisen from continuing activities.

The notes form part of these financial statements

Page 4

EZER BEKOVOID LIMITED (REGISTERED NUMBER: 07330341)

BALANCE SHEET 31 OCTOBER 2024

Notes
CURRENT ASSETS
Debtors
11
Cash at bank
CREDITORS
Amounts falling due within one year
12
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
CREDITORS
Amounts falling due after more than one year
13
NET ASSETS/(LIABILITIES)
FUNDS
15
Unrestricted funds:
General fund
TOTAL FUNDS		 2024
Total
funds
£
3,914,115
34,989
3,949,104
(987,419)
2,961,685
2,961,685
(2,530,285)
431,400
431,400
431,400		 2023
Total
funds
£
3,914,115
44,546
3,958,661
(837,878)
3,120,783
3,120,783
(2,395,998)
724,785
724,785
724,785

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 31 August 2025 and were signed on its behalf by:

J Teitelbaum - Trustee

The notes form part of these financial statements

Page 5

EZER BEKOVOID LIMITED

CASH FLOW STATEMENT FOR THE YEAR ENDED 31 OCTOBER 2024

Notes
Cash flows from operating activities
Cash generated from operations
1
Interest paid
Net cash used in operating activities
Cash flows from investing activities
Interest received
Net cash provided by investing activities
Change in cash and cash equivalents
in the reporting period
Cash and cash equivalents at the
beginning of the reporting period
2
Cash and cash equivalents at the end
of the reporting period
2		 2024
£
8,532
(18,018)
(9,486)
-
-
(9,486)
40,041
30,555		 2023
£
19,096
(29,377)
(10,281)
46
46
(10,235)
50,276
40,041

The notes form part of these financial statements

Page 6

EZER BEKOVOID LIMITED

NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 OCTOBER 2024

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:
Interest received
Interest paid
Increase in debtors
Increase in creditors
Net cash provided by operations
2.
ANALYSIS OF CASH AND CASH EQUIVALENTS
Notice deposits (less than 3 months)
Overdrafts included in bank loans and overdrafts falling due within one
year
Total cash and cash equivalents		 2024
£
(293,385)
-
18,018
-
283,899
8,532
2024
£
34,989
(4,434)
30,555		 2023
£
703,431
(46)
29,377
(810,000)
96,334
19,096
2023
£
44,546
(4,505)
40,041

3. ANALYSIS OF CHANGES IN NET FUNDS

At 1.11.23
Cash flow
At
£
£
Net cash
Cash at bank
44,546
(9,557)
Bank overdraft
(4,505)
71
40,041
(9,486)
Total
40,041
(9,486)		 31.10.24
£
34,989
(4,434)
30,555
30,555

The notes form part of these financial statements

Page 7

EZER BEKOVOID LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, 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 Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

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.

Taxation

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

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 rate of exchange ruling 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.

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

Going Concern

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

Page 8

EZER BEKOVOID LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 OCTOBER 2024

2. DONATIONS AND LEGACIES

Donations
3.
INVESTMENT INCOME
Deposit account interest
4.
RAISING FUNDS
Raising donations and legacies
Fundraising costs
Office expenses
Travelling expenses
Printing, postage and advertising
5.
CHARITABLE ACTIVITIES COSTS
Grant
funding of
activities
(see note
6)
£
Grantmaking
1,192,745
Support
-
1,192,745
6.
GRANTS PAYABLE
Grantmaking
The total grants paid to institutions during the year was as follows:
Advancement of education
Relief of poverty
Advancement of religion		 2024
2023
Unrestricted
Total
funds
funds
£
£
925,141
1,757,447
2024
2023
Unrestricted
Total
funds
funds
£
£
-
46
2024
2023
Unrestricted
Total
funds
funds
£
£
444
296
430
2,100
-
3,671
828
2,084
1,702
8,151
Support
costs (see
note 7)
Totals
£
£
-
1,192,745
24,079
24,079
24,079
1,216,824
2024
2023
£
£
1,192,745
1,006,326
2024
2023
£
£
511,270
241,077
47,025
13,380
615,620
708,051
1,173,915
962,508		 2024
2023
Unrestricted
Total
funds
funds
£
£
925,141
1,757,447
2024
2023
Unrestricted
Total
funds
funds
£
£
-
46
2024
2023
Unrestricted
Total
funds
funds
£
£
444
296
430
2,100
-
3,671
828
2,084
1,702
8,151
Support
costs (see
note 7)
Totals
£
£
-
1,192,745
24,079
24,079
24,079
1,216,824
2024
2023
£
£
1,192,745
1,006,326
2024
2023
£
£
511,270
241,077
47,025
13,380
615,620
708,051
1,173,915
962,508
1,216,824
2023
£
1,006,326
2023
£
241,077
13,380
708,051
962,508

Page 9

EZER BEKOVOID LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 OCTOBER 2024

6. GRANTS PAYABLE - continued

Bechatzros Kodshecho 615,620
510,880
47,025
390
1,173,915
2024
2023
£
£
18,830
42,740
-
1,078
18,830
43,818
Governance
costs
Totals
£
£
4,194
24,079
2024
2023
Total
Support
activities
£
£
512
996
29
7
1,326
1,250
18,018
29,377
-
3,480
-
3,720
1,920
-
1,920
-
354
755
24,079
39,585
Keter Malchus
Amud Hatzdoko Trust
Others
The total grants paid to individuals during the year was as follows:
Relief of poverty
Medical
SUPPORT COSTS
Management
Finance
£
£
Support
541
19,344
Support costs, included in the above, are as follows:
Telephone
Sundries
Bank charges
Interest payable and similar charges
Auditors' remuneration
Auditors' remuneration for non audit
work
Independent examiner's fee
Independent examiner's other fees
General expenses

7. SUPPORT COSTS

Page 10

EZER BEKOVOID LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 OCTOBER 2024

8. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2024 2023
£ £
Auditors' remuneration - 3,480
Auditors' remuneration for non audit work - 3,720

9. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 October 2024 nor for the year ended 31 October 2023.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 October 2024 nor for the year ended 31 October 2023.

10. AVERAGE STAFF NUMBERS

The average number of staff in the year was Nil (2023 - Nil)

11. DEBTORS

DEBTORS
Amounts falling due within one year:
Other debtors
Amounts falling due after more than one year:
Other debtors
Aggregate amounts		 2024
£
2,728,640
1,185,475
3,914,115		 2023
£
2,728,640
1,185,475
3,914,115

Other debtors falling due after more than one year comprise secured charitable loans made to Keser Malchus, a girls' school located in Israel.

12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Bank loans and overdrafts (see note 14)
Other creditors
Accruals and deferred income		 2024
£
4,434
970,504
12,481
987,419		 2023
£
4,505
824,732
8,641
837,878

Page 11

EZER BEKOVOID LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 OCTOBER 2024

13.
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024
£
Other creditors
2,530,285
14.
LOANS
An analysis of the maturity of loans is given below:
2024
£
Amounts falling due within one year on demand:
Bank overdrafts
4,434
15.
MOVEMENT IN FUNDS
Net
At
movement
1.11.23
in funds
£
£
Unrestricted funds
General fund
724,785
(293,385)
TOTAL FUNDS
724,785
(293,385)
Net movement in funds, included in the above are as follows:
Incoming
Resources
resources
expended
£
£
Unrestricted funds
General fund
925,141
(1,218,526)
TOTAL FUNDS
925,141
(1,218,526)
Comparatives for movement in funds
Net
At
movement
1.11.22
in funds
£
£
Unrestricted funds
General fund
21,354
703,431
TOTAL FUNDS
21,354
703,431		 2023
£
2,395,998
2023
£
4,505
At
31.10.24
£
431,400
431,400
Movement
in funds
£
(293,385)
(293,385)
At
31.10.23
£
724,785
724,785

Page 12

EZER BEKOVOID LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 OCTOBER 2024

15. MOVEMENT IN FUNDS - continued

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

Unrestricted funds
General fund
TOTAL FUNDS		 Incoming
resources
£
1,757,493
1,757,493		 Resources
expended
£
(1,054,062)
(1,054,062)		 Movement
in funds
£
703,431
703,431

16. RELATED PARTY DISCLOSURES

Other debtors of £2,728,640 (2023 - £2,728,640), other payments of £18,018 (2023- £29,377) and other creditors amounting to £1,689,226 (2023 - £1,433,748) are due to companies of which certain trustees of this charity have significant influence.

Page 13