REGISTERED COMPANY NUMBER: 07512346 (England and W3le5> REGISTERED LHARITY IYUMBER: 1142565 REPORT OF THE TRUSTEES AND FINANCIAL STATEMEf4TS OR P4DED 2 FEBRUARY 2026 FOR CHASDEI AHARON LIMITED Xeinadin Audit Limited Stahjiory Auditor 8th FIooT. Becket House 36 Old Jcwry London EC2R 8DD
ASDEI AHARON LIMATED CONTENTS OF THE FINANCIAL STATEME.NTS for the ear ended 28 Febru 2026 Pge Report Of the Tru5tets Report Of the Independent Auditors Statement of Fln¥t)¢laJ A¢tivlti B4lan¢e Sheet Ca$h Flow Statement Note5 Its tht Cash Flow Statement 12 Notes lo the Statemellts 13 to 18
CHASDEI AHARON LIMITED REGJSTERED umBER. 07512346 REPORT OF THE TRUSTEES for the r ended Z 2026 The trustees who are also directors of ihe charity for the purposes of the CompaT)ie5 Ati 2006, present their report with th¢ financial stalernenls of Ihe Charity for the year ended 2¥ Fcbrnary 2026. The trustee5 have adopted the provisions of Accounting and Reporting by Chariti¢s.' Statcment of Recommcndcd Practtce applJ¢ablc tts Charitics prcparing their accounts in a¢cordan¢¢ W'ith the Financial Reporting Standard applicable in th¢ UK and R¢public of Ireland (FRS 1021 (¢ffc¢live l January 2019). OBJECTIVES AND AcfiviTIES Objectives and gim5 The objects tsf the Charity include- (i) the prevention of rclicf of poverty in the and Israel by providing granls. itell and service5 to individuals in n¢¢d all(Vor charities, or other organisations working to prevent or relieve poverty, and (ill the advat)cement of the Jewish religion. ACHIEVEMENTS AND PERFORMAIYCE Charltablt #etlvltles The year proved successful in ternis of both donations received and gran15 paid. Alihough thc charitablc income decreased in the finJn¢ial ycar because of the poor economic climate with local businesses and charilie5 finding thenelVeS with less fi]nds to distribute. the publi¢ noneihel¢ss continue5 to support the charity iti all its endeavours. The year under r¢view s&w continued inflation wkn.ch resulted in a significant cost of living ¢li51b for families and individua18 abroad. Chatitsble institutions also strnggled wryth increased ruTJning ¢osis as a result of higher ¢nergy, Staff. food and transpon costs 1]ICh present a challenge to their ability to ¢ontinue to support their aclivi¢ie5. The ttustees, who as a result of their connection5 With communities ID Ibe UK and abroad, are aware of the a¢ut¢ fanCIal situation facing Jnany of ihe most needy in society, were able to respond to the incrtased level of applicatLQT15 made 10 them, 2nd provide much needed a551Stance. Whtlsi Ihe trustees, priorities application5 from InstirI0n$ where li was feli that their facililLCS could bnng positive change to a larger number of people, Ihey wer¢ also able to provide a umber of gronis directly 10 individual petitioneTS. Cr#ntmaldlle policy As a chanty close link5 to the Io¢itl community at)d conynllnities abroad. the trustees dre apprtsa¢hed lo assisl individuals going through econorni¢ hardship as well as charitable instilutions tbai rels, on grants lo provide their Tnurh needed ¢hariiable service5. The trustees w'ere able io respond to the applications made to them and piovided much needed assistance. The Intte¥ assess each of the applications nde to them and consider their response based on the individual ¢ircumsiances, the funds available, and ihe Ipact the grant wTrll make in achieving the chariW5 g0315. Where gronls are made to eharilL¢S and otbcr organssations, consideration is given lo the operational effi¢iency and reputation of the Fecipient charity and the ability of the donation to'make a difference,. FIYANCIAL REVIEM, Invtstmcnt polS¢1' gnd objectives Under its Menx>randum of Association ihe charity has the power to invest in any way ihe truste¢s wish. Re$erY¢s polÉcy Ch8sdei Aharon Litnited is principally operated as a gran¢ 8iVLng charity, and ihe inJsi¢es' policy is lo seek ts) distribute the bulk of rhe income arising in each fiiML¢ial year as 1¢ becomes available. Acordiijgly, the ITUStees have not ¢stablish¢d a slrict level ufreserves {Iho1 Is those funds that are freely ?vailabl¢l that th¢ charily ought 10 have. Re5erv¢5 are needed io bridLye the funding gaps betwe¢H Spending on aeiivities and receiving rc50urces thTough voluntary donations and grants. The ITuslees coD%ider that the ideal level of reserves a5 at 28 February 2026 would b¢ 12 months of adminL5trative ¢osts. The #¢tyal r¢&¢Nes at 28 FebrLWy 2026 were £l(M),415 whi¢h ¢xc¢e(L8 the target figure. Page I
CHASDEJ AHARON LIMITED REG BER.. 07512346 REPORT OF THE TRUSTEES ror the tar tnded 28 Febr 2112 FI.YANCIAL REVIEW Flnaneial results Th¢ finawial r¢sults for the year to 28 Febnw 2020 are Sho in the attach¢d financial staiemenl5. Total in¢()me in¢re2tied fr()m £3,558,929 to £5,617.646 and tot#1 expenditure in¢r¢zsed from £3,501,499 to £5,587,867 in ¢omparison w&th the previous peraod. Th¢re was a t)et surplus in fid5 of £29.77912025 - £57.4301 with total umrestricted fwids caTried forward of £100,415 (2025- £70,636). FUTURE PLANS Thc chaTity is planning to genere mor¢ income for the rnuch needed grants that it makes. STRUCTURE, GOVERNANCE AND MAIYAGEMENT GoTr'ernlng doeument The ¢harit)' is a cornpany litniled by guarantee wrythout share Capital and in¢orporJttd on l February 2011 and regist¢r¢d as a clwity on 23 February 2011. Th¢ company was cstablished under 3 Memorandum of Association which established the objects and powers of thc charEtable company attd is governed under it5 Article5 of A550caa¢ion. ITJ the event of the company being wound up, member5 are required to Contribute an 8ny)unt not ¢x¢e¢ding £10. R¢¢ruitrntllt and Appolntment of new trustees The trustees are directors of the charilable company for the purposes of ¢ompaDy law and tStetS for the PU4K)se or charity law. New tTUStee5 aT¢ appoinled due to their interest in the work of the charity and tlieir re¢ogni5ed experience in specific rields which 111 further support the work of Chasdei Aharon. Addition21 trustees may be appointed by the existing tn]slees at any time. eitheT lo fill a ¢asual va¢8n¢y or as an addition to the existin8 trustees. Organisational structure The board of ttteS administers the charity and meets Tegularly during the year. Indu¢tioD and Iraln5ng of new trustees New trustee5 ale given d full indu¢iioD by the oth¢r trustees of the chan"ty. Trusiees Can retire when th¢y wish as they do noi serve und¢r a fixed tern) of tenure. Rlsk mnag¢ment The lrystees hdve undertaken a full risk ossessment of the or8ani5ation covering financial. operational, regulatory. govetnance and management. Vario8 5y5tems and checks have been put Into operation, which are reviewed aTJnually. Fundrai55ng The charity has a good reputation thIrt the local community and has a large pool of regulai donors who ,1$h lo have a pan in the charitable activitieb of ihe ¢harity. Existing don0 often recoTnmend and encourage oiher philanthropi51s lo pledge their $uppon to the succes5 of the Chatity. As such, the trnstees do not engage professional fundraisers nor do they undertake public collections or Cold ¢alls. Th¢ charity is committed to the principals sel out by the I".undraksing Regul&tOT in its Code of FndraISing Practice. When donors are approach¢d, this is done th sensitivity and Fespecl and with regard to their CircUntanCcs. The tnjslees are pleased to report thai no complaints wer¢ received in the pa51 twelve months in relation to its fundraising activiii¢s. REFERENCE AND ADMINISTIL4TJTrI DETAILS Registered Companv number 07512346 (England and Waltsl Page 2
CIIASDEI AR N LIMITED REGISTERED NUMBER: 51234 REPORT OF THE TRUSTEES ear ended 28 Febru*r 2026 Regi5ttrt41 Charlty number 1142565 Registered offlee 19-20 Bourne Couri Southend Road Woodford Gree Esscx IG8 8HD Trustees Mr J Batzesky Rabbi E Schwartz Mr J Stern Senlor StAtlltorv Auditor Mr Yedidya Zaiden, FCCA Auditors Xeinadin Audit Litniled Statuiory Auditor 8th Floor, Becket House 36 Old Je London EC2R 8DD PUBLIC BENEFIT REPORT The trustee5 have ref¢Tr¢d to the guidance contained in the C'.harity Commission's general guidanc¢ on public benefit The Advatjcement of Religion for the Publi¢ Benefjt, In particular, when reviewing the aim obje¢tii'es and in planning the charity's future ¥ctivities. particular. the trStee5 consider how planne<S activities will contribute to the and objectives sei. STATEMENT OF TRUSTEES, RESPONSIBILITIES The tn]stees (who are a150 the directors of Chasdei Aharon Limited for the PUryK)ses of company law) are responsible lor preparing the Report ofthe TnJsl¢es a1 the finat]cial statements in accordance with applicable law and United Kingdom Accouniing Stsndards (United Kingdom Geneially Ac¢ept¢d A¢¢ounting Practice). Company law requires the tDJ51e¢s lo prepar¢ fEnan¢ial slatemenls for each flnancial y¢&r. Under thai law, th¢ trnste¢s have elected to prepare the financial stalemenls in accordance with unit Kingdom Generally A¢¢epied Accounting Praclic¢ (Ur)Jted Kingdom Accounting Statmlards and applicable law). Under company lèw the trustees must not approve the financial statements unless thry are satisfied thai ihey give a twe and fair view of the state of affairs of the ¢haritable company and of the incomittg resour¢¢s and application of resouTces, in¢luding the income and expenditure, of the charithble company for that period. In preparing thos¢ financial $thmentS, the trusttes are Tequiied io sele¢¢ suiiabl¢ aecounting policies and then apply them consistently; obstrve ihe methods attd principles in the Charitie5 SORP- make judgements and estimates that are re&wnable tsnd pnLdcnt', prepare the fiT)ancial sialemcnts ot) the goin8 concern basss unless li is inappropriate to pre5umc that the ¢harirable ompany will continue in busines5. The trustees arc responsible for kccping proper accounting records which disclose with reasonable accuracy at any lime the finan¢iAI posiiion of the charitablc company and 10 emble ihem to ¢nsure that the financial 5taieJnenis ¢omply with the Companies Act 2006. They are also responsible for 5afe8uarding tl)e assets of the chariiabl¢ company and hence for kin8 reasonable steps for the prev¢n¢ion and dttection of fraud atsd other wreBulariti¢s. Page 3
CHASDEI AHARON LIMITED REGISTERED NUMBE 751 46 PORT OF THE TRUSTEES for the ear ¢nd¢d 28 Febrna 2026 STATEMENT OF TRUSTEES, RESPONSIBILITIES- CODtthu¢d In so far as the iwsie¢s are aware.. there is no relevani audit inforniation of which the charitable coMpanS auditOF5 are unaware," and the wstees have tsken all steps that they ought to have taken to mak¢ themselves aware of any relevant audit infornution and to establish thai the oudJ¥orb ar¢ aware of that infomution. AVDITORS Thc auditors, Xeinadin Audit Limited, %ryll be proposed for rc-appointmcnt at the forthcoming Annu81 Genernl Meeting. Thi5 report ha5 been prepared in accordance with the Sp]31 provisions of Part 15 of the Companies Act 2000 relating to stnall companies. Approved by order octhe board of tn¢5 on'L4 Jun¢ 2026 and sigll¢d on it5 behalf by- Rabbi E Schwdrtz- Trustee Page 4
REPORT OF THE INDEPEIYDENT AUDITORS TO THE MEMBERS OF CHASDEI AHARON LIMITED Oplnlon We have audited the financial ststements of Cha5'd¢i Aharon Litnit¢d {th¢ 'chatitabl¢ company'l for the year ended 28 Febnjary 2026 which cojllprise the St&t¢meni ot'Finan¢ial Activities, the Balance Shcct, the Cash Fltsw Siaiement and notes to the financial statemeT)ts, in¢luding a SUMM of significant accounting poli¢ics. The fjnancial reporting framework that has been applied in their pr¢paFation 1$ appli¢abl¢ law and Unitcd Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Praaic¢). Itl our opinion the financial statements.. give a true and fair view of the state of the charitsble companls affairs as at 28 February 2026 and of its incoming Tesources and applkcation of rcsources. including its income and ¢xpendiiure, for the year then ended.. have becn properly prepared in a¢cordan¢e 1th United Kingdorn Generally Accepied A¢¢04mting Practice. and have been prepared in accordance with the requiiernents of the Companies A¢t 2QO6. Ba$ls for oplnlon We condueted our audit in accordance with InterJutioJJal Sta]xdJrds on Auditing {UK) IISAS {UK}l and applicable law. Our r¢5pon5ibilitie5 under those standards are fi]rther described in the Auditors. respons?bilities for the audit of the financial statements section of OUT report. We are irtdepettdeni tsf the charitable company in accordance w'sih the ethical requirements that ar¢ relevant to our audii of the finan¢ial ststements in the UK. including the FRC'S Ethical Standard. and we have fulfilled our other ethical responsibilities in accordance with these requirements. W¢ b¢liev¢ thai the audit evid¢n¢e we have obtained 15 sufficient and appropriate to provide a basis for OUT Opinion. Materl&l Un¢ertalnty RelY4ted to GolDg Colleern As disclosed in the notes lo the financia] statements, HM lievenue and Cusion]s are cutrenily investigatittg ¢eriain aspects of the ¢harity's actIlties. ForEnal a5sess]nents have not been raÈsed. The tnjslees intend to ehallen8e HM R¢venue and Customs, p051tion, htswever if it is upheld, it could result in substantial tax liabilities wJu¢h Could affect ihe ability of the ¢harity to ¢ontinue as a goin8 concern. Our opinion 15 noi nwdified in respect of this matter. In auditing the flnancial Statements. we have concluded that the tru¥t¢c¥' u¥e ofLh¢ going collcern basis of accounting ir) th¢ pr¢paration of the flnancial statements is appropriate. Our r¢sponsibilitie5 and the responsibilities of the ITlee$ with reCt to 80in8 concem are described in th¢ r¢levanl sectio% of this repon Other Informilon The trusiees are responsible for the other information. The other infomalion comprises the inforniation included in the AnThual Rq)ort, othcr tha]] the financial siaiements and our Report of the Independcnl Auditors thereon. Our opinion on the financial 5talcrnen15 does not ¢over the other inforn)ation and, except to ihe exkni otherwise explieitly stated in OUT report, we do no¢ expres5 any forni of 2S5urance conclusion IhereoD. In cont)ection wth our audil of th¢ financial StateTrnts. our rc5ponsibility is to read the other inforn)ation ar, in doing so, consid¢r ether the other infonnation is materially inconsisient with the financial statements or our knowledge obtaincd in the audit or othernise appears to be teriallY misslaled. If we identify such material ineon5i5tencse5 or appareni material tyusststem¢nts, we are required ro detem)ine whether this gives rise to a materi31 mis51atement in the flnancial statemen15 Ihemselves. If, bas¢d on the work we have perfortned, we ¢(Trn¢lude thai there is a material MisslaMent of this other infornution. we are requited to report ihai faci. Wc have nothing to rcport in thÈs regard. Opinion5 011 other Jng¢l¢r$ prescribed by the Cornpanie5 Act 21106 In our opinion, based on the Work undertaken in ihc ¢ourw of the audit.. the informalion given in th¢ R¢pon of the Trk]stce5 for thc fLnan¢ial year for *,hi¢h ihe financial statements are prepared is consistcnt wih the financial siatem¢nts; and the Rcport of the TnreeS has be¢n pr¢par¢d in 8ccordance applicable legal requirements. Pa8c 5
REPORT OF THE Ih'DF,PENDENT AiIDITORS TO THE EmBERs OF CHASDEI AHARON LIMITED Matters on whlch The are requlred to report by exceptioD In the light of the knowledge and understanding of ihc Charitable compathy and Lt5 cnviromncnt obtained in the course of the audxl. we hhve nut id¥olifi¢d material misstatements in the Report of th¢ Trust¢cs. We have nothin8 to report in respcct of the follom'ing matter5 Wtlere the Companies Act 21)06 rcquires us to report to you if, in our opinion.. ad¢quai¢ a¢counting record5 have not been kept or r¢tb]rns adequate for OUT audit have noi been re1Ve from branches not visited by us; or the finat)cial statemcnt5 are noi atement with ihe ac¢owitlDg record5 and returns.. or certain disclosures of tsusiees, rernuneration specified by law not made; or we have not received all the infOrnli0tt and expl8Jaiions we require for our audit. or th¢ trustee5 were noi entitled lo tdke advantage of the small coTllpani¢5 exeTnption from the rquirement to prepare a Strèiegic Report OT in preparing the Report of the Trustees. Re5pon5ibilitit$ Of trustees A5 explained more fully in the Ststelnenl of Trustees. Responsibilities. the trustees (who are also the dire¢tOTS of the ¢haritable company for the pw)oses of Company lawl are responsible for tbe preparation of the fjnancial stalen]ents' atjd for being satisfied that they gtve a true and fair view, and for such internal Control as the trllstee5 detellnille is necessary to enable th¢ preparation of financial staiemenis that are free froEll material ]ni5staiemeni, whether due to fraud or eor. In preparing the financial staternents, the ttwtees are responsible for a85e5sing the ¢h#ritable coMpanS ability to continue as a goin ¢on¢em, dis¢losin& as applicable, matters related to goittg toncern and using the going concern basis of ac¢ountin8 unle55 the ttee$ either intend to liquidlte the charitsble cotnpany or 10 ¢ease operations. or have no realistic altenlive bui io do so. Page 6
REPORT OF THE ThDEPE'DENT AllTORs TO THE MEMBERS OF CHASDEI AHARON LI%IITED Our respon$lbU5tl¢s for the ¥4udit of the fintt¢i#l statemeDts Our objectives are to obiain re2sotJablc assurance abo whether ih¢ financial statements as a whole aic frce from [lteal mi55tatemenl, wh¢iher due to fraud or crror. and to issu¢ a R¢w)rt of the Indcpendent Auditors that in¢lud¢$ ow opinion. Reasonable assuraThce is a high levcl of assurancc, but is not a guarantce that an audii conducted in accordance with ISAS IUKI will always delect a nl¢rial mi5Statement when 1¢ exists. Misststcmcnts can arise from fraud or eJTor and Ore ¢onsid¢rd matcrial if, individually or in thc aggr¢gale. they could reasonably be expected to i]fflueDce tbe ¢conomi¢ de£isions of users tak¢n on the basis of thesc financial staternents. The exient to whi¢h our procedures are Capable of d¢te¢ting irregularities. iucludins fraud is desailed below.. Ow approach to identifying aTLd assessing the risks. of Duterial rnisststement in resp¢ct of irregularities, includin8 fraud and non-compliance with laws atth regulation5, was as follows-. the en8a8emenl paTtner en$ured that the engagement team collectively had the appropriate competence, ¢8pabiliii¢s and skills identify or recognise non-compliance wilh appli¢able laws and regulatsons.. 'e identified the laws and regulations applicable to th¢ charitable company through dis¢vssions with management and from OUT commeicial knowledge and experience of the sector Chasdei Aharon Limited belollgs lo. we focused on specific laws al regulations whi¢h we considered n]ay have d direct maierial effect on the f]nancial Statements or the operations of the association. including the Companies Aci 21K>6, Charities Act 2011. Accounting and Reponing by Charities.. Statement of Recommended Practice applicable lo chaTilies preparing their accounts in accordance with the Fina]]¢ial Reponing Stdndard applicable to the United Kingdom and Republic of Ireland (FRS 102) {effe¢iive l January 2019), Tnlslees Act, Bribery Act and dats proieclion., - we assessed the extent of compliance with the lows and re8ulation5 idtntified above through making enquiries of [naTgement and inspectltt8 legal correspondence,. and id¢tttift¢d laws and regulation5 were ¢(ITnmwiicaied within the audit team Teguiarly the t¢am ren]ned alert io in5tance5 of non-¢ompliat)¢¢ thn)ughout the audir. We aessed the qus¢¢ptibiliry of ihe charitys financial siatemenis io Dvterial n]i5Statemeni. including obr4inin8 an understsndin8 of how fraud n]ighi occur, by.. nkIng enqutries of management a5 to where they considered there w8 5usceplibilily lo fraud. their knowledge of acwal. suspected and alleged fraud., and considering the ioiemal controls place lo mitigate risks of fraud and non-COT%]pliance wilh laws and resulations,includin8 the one5 that ensuie that the grants are used for intended purposes. To address th¢ risk of fraud Ihrough managcm¢nt bias and ovcrride of contro15. we.. performed ana17¢al procedur¢s lo idenlify any un4]sual or unexpecicd rclationships,. te81¢d jOUTnal entrjes to identify unusual transactLOTL5', ass¢ss¢d whcthcr judgements and assumptions made in determining the accounting estimates were inth"¢Ative of potential bias,. and investigated thc TAtionale behind signifi¢gni OT unusual transactions. In respons¢ to Ibe risk of irregulariiies and non-compliance with laws and regulaiions, we designed procedure5 which included, but were noi limited 10.. - agreeing fituncial statement dtKlosures to underlying SUPPOrting documentation., - r¢adiMg the minute% vf meeiings of those charged with govemance. enqviring of management as to actual and poieniial Iitigalion and claims. Thcrc are inh¢rcnt limitaiions in our audit pro¢edurcs d¢s¢ribed above. Thc mor¢ removed thai laws and re8ulaiions are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing stsndards al$0 limii the audit procedurcs reguircd io idenlify non-cumpliance with laws and EegulaliL)ns 10 t[Viry of the Iruslee5 and oiher management and (he inspection of regulatory atHI legal correspondence, if any. Material misslalenients ihal aTise du¢ 10 fraud can be harder to detect than thos¢ that arise from error a5 they nuy involvc d¢lib¢rale conc¢almenl or collusion. A furthci description of (iur re$poThsibilities for the audit of ihe financial staiLmenL% is locaicd on the FinanLial Reporting Councsl's wcbsitc ai www.Ir¢.org.uWalldiiorsrespoTLsibilitics. This descriplion forn part of uur Report of lh¢ ItMlcp¢nd¢ni Auditors. Page 7
REPORT OF THE INDEPENDENT AUDITORS TO THE NIEMBERS OF CHA4DEI AIIARON LIMITED Use of our report This report is madc 501ely to the charitable COMpY'S membcrs, as a body. in accoTditllC¢ Mlth Chapter 3 of Part 16 of the Companie5 Act 2006. Our audit work has bccn undertaken 50 that we might stai¢ to the charitable con]pany's members those mattcrs we are required tu state tts them in an auditors, reporl and fur no othei purpose. To the full¢sl ¢xtcnl pern]itted by law. we do not accept or assume responsibilty lo anyone other ihan the charitdble compajjy and the chariiabl pany's memb¢TS as a body. for out audit worL for this r¢port, or for th¢ opinions we have formed. MF Y¢didya Zaid¢n, FLCA (Senior Statutory Auditor} for and on behalf of Xeinadin Audit Limited Statutory Audiior 8th Floor, Becket House 36 Old Jewry London EC2R 8DD S w JuDe 2026 Page 8
CHASDEI AHAR LY LIMITED STATEMENT OTr FINAYCIAL ACTIVITIES for the e#re 2026 2026 Ullre5tricted nd 2025 Total fvnds Note5 INCOME AND EIYDOWMENTS FROM Donaiions and l¢ga¢i¢s 5,617,646 3,558.929 EXPENDITURE O.N Charitable actilieS Relief of poverty and th¢ advanccment of religion Support Costs 5.566,197 21.670 3,481,820 19.679 Tot*1 5.587,867 3,501.499 NET If4coME 29,779 57,430 RECONCILJATION OF FUNDS Total fimds brought forward 70.636 13,206 TOTAL FUNDS CARRIED FORWARD 100,415 70.636 COYTINUING OPERATIONS All incomc and expenditur¢ has aris¢n from continuing activities. The N)tes forni part of th¢s¢ financial 51atemertts Page 9
CHASDEI AHARO.N LlhlITED REGISTERED PI BER: 07512346 ALANCE SHEET 28 Febru 202 2026 Unrestyi¢l¢d fund 2025 Total funds Noi¢s CURRENT ASSETS Cash at ballk 114,415 84.636 CREDITORS Amounts fallLIJ8 due within one year (14.000) (14,000) NET CURRENT ASSETS 100,415 70,636 TOTAL ASSETS LESS CURRENT LIABJLJTIES 100,415 70,636 NET ASSETS 100.415 70,636 FUNDS Unrestricted fund5 100.415 70,636 TOTAL FUNDS 100.415 70,636 These financial statements have been prepared in a¢¢ord#nce with th¢ provisions applicable its Charitable companies subject io the small Con]P(leS regime. The financial slatements were approved by the Board of Trustees and authoTised for issue on?4 June 2026 and wrre signed OD its behalf by.. Rabbi E S¢hwartz- Trustee The not¢s form part of these financial styt¢m¢nt$ Page 10
CHASDEI AHARON LIMITED CASH FLOW STATEMENT for th¢ tar e*dtd 28 F¢brug , 2026 2026 2025 Notes Cash flows from optr4tSng 4¢t1tIes Cash generated from op¢rations Interest peid 34.053 {4.274) 60,899 (1,469) N¢t ¢&th provi(kd by operating activities 29,779 59.430 Change In ¢h ¢a$h tquivalents in ¢he reporting period Cash aDd cash equiYalent5 at the 1btgilrt of the reportlng period 29.779 59,430 84.636 25,206 Cash cAsh equivalents ¥t tht tnd of Èhe rtporting ptrlod 114,415 84,636 The notes forni part of thc5e financial staiemcnts Page 11
CHASDEI AHARON LIMITED NOTES TO THF. CASH FLOW STATEIENT for the ear ended 28 Febru#TV 2026 RECONCILIATIOTr4 OF NET INCOME TO NL"T CASH FLOW FROM OPERATI.Tr4G AcfivITIES 2026 2025 Net Income for th¢ reporting period {a5 per the St#temeDt of FIDAncl81 Attltles> Adju$tm¢nts for: Intere5r paid Increase in creditors 29,779 57,430 4,274 1,469 2,1>00 Net ¢A$h proylded by op¢ratloDs 34,053 60,899 ANALYSIS OF CFL4NGES IN P*ET Fuf4DS A¢ 1.3.25 Cash flow At 28.2.26 Net ¢Ash Cash ai bank 84,636 29,779 114,415 84,636 29,779 114,415 Total 84,636 29,779 114.415 Thc notes forni part of thcse finala] stat¢m¢nts Page 12
CHASDEI AHARON LIMJTED OTES TO THE FINANCIAL STATEME for the e#r tnd¢d 28 Febr 26 ACCOUNtIlYG POLICILS Basls of preparlng tht finantlAI statements Th¢ ftte1a1 statements of the charitable company, which is a public bcncfit entity undei FRS 102, havc been prepared in accordance with the Chariii¢s SORP IFRS 102} 'Accounting and Reporting by Chariti¢s.' Statcmcnt of Recurtunend¢d Practice applicable to charities preparing ihcir a¢¢ounts in accordancc with the Financial Reporting Sta]ard applicable in the UK and R¢public of Ircland IFRS 102) leff¢¢tivc l January 2019}', Fhnancial Rcporting Standard 102 The Financial Reporting Standard applicablc in the UK and Republic of Ircland. and the Companic5 Act 2006. The financial statements hav¢ been prq)ared under the historical cosi conveNtion. Golng Concern HM Revenue and Customs are ¢yentlY investigating certain aspects of the charity's activities. Fortnal assessments have not been rai5¢d. The itustees Inlet lo challenge HM Revenue and Customs, position, however if it is upheld, it could resuli in bubstanlial tax liabilities which could affect the ability of th¢ Charity to continue as # going ctsn¢em. Legal 5tat115 of the Ch#rlty The tharity Is a private company limited by guarant¢e in¢orporated in England and Wales and h&$ no share capital. In the event of the charity being wound up, the liability respect of the guaraniee is limit¢d to £10 per n)ember of the Charity. Income All income is recogllised in the Statemeni of Finan¢ial Activities once the charity has entitlement to the fwid$, il is PTobable that the iticome will b¢ r¢ceiv¢d Jnd Ibe amounl can be measured rehably. Wheie incom¢ has r¢lJied expenditure las wryth fundraising or contsact income). the income and relai¢d expenditure are reported 8ros5 in the Statement of Finatjcial ActiYitie5. Dottations, grants and gifts are recogni5ed when re¢eivable. In the event that a donation is subjeci to fulfilling performance ctsnditionb before the charity is entitled to the fLmds. the income is deferr¢d and not recogijised Lmlil li is probable that those conditions will be fvifilled in the reporting periixi. Incon]e from Gift Aid lax reclaims is recognised for any donaiions rel¢vant Gift Aid certiflcaies recognised in income for the year. Any amount5 of Gift Aid not received by the year-end are accounied for in income and accrued ineonK in debtors. For legacies. eniitlement is taken on a case by case basis a5 the earlier of the date on which.. the charity is aware that probate has been grant. the ¢slate has been fjnalised and notification ha5 been rybade by the eXtOr(S) to the charity thal a distribution will be made, or w'hen a distribution is received fnim the estat¢. Reeeipl of a legacy. in whole or in part is only collsidered probable when Ihe amount can be measured reliably and the charity has been notifled of the ¢xe¢utor's intention to make a distribution. If the legacy is In ihe forni of an asset other than Gash or an assei listed on a recogni5ed stock exchange, recogniiion is subjecL io the value of the assei being able to bc rcliably measwed and iitl¢ io the asset ha5 passed to the charity. Where legaci¢s have bccn nolificd to the or the ¢hariry is aware of the granting ofpiobate, and the ¢riieria for income reco¥nition have noi been mei. dien the legacy 15 a tread as a ¢oniiJg¢nt asset and disclosed if matcrial. Inty)me ieceiv¢d in advance for a future fundTaistng eveni ot foi a 8ranl received relating to the followng ycar are deferred until the criteria for income r¢cognitioa are mel. Do4#ttd goods and services Donalcd services or la¢iliiics are recognised whcn the Charity hos ¢onirol over the ilem, any conditions associared with ihe donat¢d itcm have been met. the receipt of ecollor(uc beT)efit frum th¢ use of the item is probable and thai economic benefit ¢All be mvdsured reliably. Donated professional services and faciliiies are included in income at the ¢5tin)ated value of the gifi 10 the chariiy wh¢n received, based on the amount thzi the chariry w'ould have been Prepared to poy for thesc services or racilities had li been required io purchase them, with a torresponding enty in the appropria ¢xOd1tvrc heading for the same amount. Donated fixed assets are similarly tskcn to incon ai ihc va]u¢ lo th¢ Charity with the other entry b¢ing capitalised in flxed assets. Pa8e 13 continued..
CHASDEI AHARON LIMJTED OTES TO THE FINANCIAL STATEMENTS- con for the r ¢J)ded 28 Febr ACCOUNTING POLACIES- CODtinued Expenditure Liabilities are recognised as expcnditurc as soon as there is a legal or conslructive obligation committing the harity to that ¢xp¢ndinJrc, it is probable ¢hat a transfer of e¢tsnomi¢ ben¢fJis will bc rcqutrcd in settlement and thc amount of the obligation can be measured lIablY. Expendirurc is accounted for on an a¢¢rnals basis and has been classified urtdcr h¢adtngs thai aggrcgate all cost related io the category. Whcrc costs cannoi be directly attributed to part2cular hcadings ihey have been allocated to a¢tivitt¢s on a basis Consistent wilh tbe use of resources. Grants payable are included in the staten)ent of r]nancial activilres when approved and wh¢n the intended reciptent has received the fvnds a[ has satisficd all relied conditions. Charitable etlvltles The Cosi Of chtable activities comprises those incuTTed by ihe charity in the delii'ery of its activit2es and ic¢s for its beneficiaries. It includes bosh ¢osts that can be allocatcd dircctly to such activilies and those Costs of an iTMtirect nature necess2ry lo support Ihem. Governance eosts Goveman¢e ¢osts comprise those cosls associated M4th meeting the constitIOnal alld strategic requiremenis of lh¢ ¢harity and the audit fees tmd costs linked to th¢ strategic management of the Charity. Taxatlon The colllpany is considered io pass th¢ tests $¢1 out in Sch. 6, pard. l of the Finance A¢1 2010 attd therefoTe it me¢ts the definition of a charitable COFnpany for UK corporation tax purposes. Accordingly, Ihe comp2ny is polenlially exewnpt from laxalion in respect of income OT Capltal gaitts received within categories covered by Pi. I I, Ch. 3 of the Corporation Tax Act 2010 or s. 256 of the Taxation of Chargeable Gains Act 1992. to the ¢xieni that such income or gains ar¢ applied exclusively to charitable purposes. Fund aecounting UnTe5tracted fwids Can be used in accordance with the charithble objectives at the discretion of the trustees. Re5ttitted fimds c8n only be used for panicular restricie¢J purposes •thIn the obj¢cls of the charity. Re5triclions arise wh¢n specified by the donor or when fvnds ar¢ raised for particular reslricttd purpo¥es. Fwther explanotion of the nature and PUTpose of each fund is included In the notes to the financial sta*men¢s. Debtors Debtor5 aTe re¢ogni$ed al their settlement amount. less provision for non-recoverabilaty. Prepayments are valued at the arnount prepaid. Cash at bank 8nd In hand Cash at bank and cash in hand in¢lud¢s cash and Short terni higlily liquid invesrm¢nts with a short malurity of three monihs or less from the dale of acqui51tion OF opening of Ihe deposii or similar aceuunt. Crediior$ and provi$lon$ Ciediiorb are reeounised when there is an obligatiotj at the balance sheet date as a resuli of # pasi event, it 15 probabl¢ that a tiansfer ofecotM)mic benefit will be required in sett]emeni, and th¢ amount of settleTnent Can be e5timaied reliably. Finantigl instrnrntnts The charity only has financial assets and financial liabiliiies of a kind ihai Iyaalify as basic financial instnlln¢nts. Basie financial instruments aTe iniiially re¢ognised at transaction value atkd subsequerttly measured at their settle]nent value ex¢epi for bank loans w,hE'ch are subsequently measuFed al the carryin8 value plu5 ac¢wed inieresi less repayments. The financing charge io ¢xpendiiur¢ is ai a constsnt rate calculattd J5ing lh¢ tffectsve interest method. Page 14 continued..
CHASDEI AHARON LIMI ITED NOTES TO THE FINANCIAL STATEMENT for ed 28 Februa 21126 ntinued ACCOUNTING POLICIES- contlnued Critital accounting e5tlmAte5 Alld judgements Estimate¥ and Judgements are ¢ontinllally evaluated and ar¢ based hisiorical experience and oth¢r factors, including expectations of futw¢ events that are believed to be reasonable under the ¢ir¢umslan¢¢s. The Charity llkeS estinleS and assumptions ¢oncemin&k the tre. The r¢sulting accounting estimates 8t assurnption5 will, by def111rt. seldtsm equal th¢ related actual results. No judgen]en15 lapan from those involving estimates) have been rnade in the proct55 of applying the above accouttting policies. DONATIOIYS AIYD LEGACIES 2026 2025 Donations 5.617,646 3,558,929 CHAIUTABLE ACTIVITIES COSTS Grant funding of Support costs {s¢e note 5) (see note 4) Totsls Reli¢f of poverty and the &dVAnctnttt ofreligion Support Cos1s" 5,56b,197 5,566,197 21,670 21,670 5,566.197 21,670 5.587.867 Grant funding of *¢tlvStle$ 2026 2025 Grants to institlliion5 (see note 4) Grants to individuals (see noie 41 5,376.197 190,(K)O 3.364,010 117,810 5.566,197 3,481.820 GRANTS PAYABLE 2026 2025 R¢lief of poycrty and the advan¢emeMr of religion 5.566,197 3,481,820 Page 15 continued...
CHASDEI AHARON LIMITED P401ES TO THE FINANCIAL STATEMENTS- ¢ for the ear ed2 Febrn 2026 ntinued GRANT5 PAYABLE- contlnued Thc total grntjts paid to institutions during the yeAr was as follows.. 2026 2025 Agudas Tamlud Torah V¥ashiva5 Chayei 01am Bels Yakov Hayoshon Bnos Yerushlaim Belt Shemesh Chesed LeaNTaham ChiThuch Yerush31ayim Chayei 01am Congregation Mosd05 Toldos Aharoi) Kehal Yetev ttv D'sattmir Yeru5halayim Kollel Gaved Kollel Vyo¢l Moshe Linas Hach¢5¢d Le'doi'id Etne5 Merkaz Chasidei Viznilz Mishkan Soroh Rall¢ Belt Shem¢sb Mosdos Chernobyl Mosdos ViznitrL B'eretz Hakode$h Oh¢1 c.haya Rose Ohr Ilameir L'iorah V'che5ed The Breslov Yeshiva Toras Chesed Talmud Torah Remat Shlomo Talmud Torah Tuv YeDJ5hal*im Toldos Avrohom Yitz¢hok Torah femima Bell Shemesh United Institutions Of Mahariiz Dushinsky Yad Tomech Yeshiva5 Shaar Ha5homayim 270.036 319,851 200,000 179.914 150,000 150.000 430.000 607.979 199.452 179.917 149.701 150,(K>O 200,(K>O 150.999 120,000 179.922 149,944 179.528 179,855 149,981 149,643 150,000 359.912 180,IK)O 179,874 179,725 150,000 360,000 299,991 200,000 299,996 300,IKIO 360,000 359,996 299,991 14,1K>O 300,(K>O 300,(K>O 5.376,197 3,361,010 The Wlal gronts paid lo individuals during ihe year was as follows.. 2026 2025 Grants payable 10 individuals 190,000 117.810 Donations were paid to institutiotts whose objectives include the relief of povcrty and adironce]nent of ju]sh rcligion. The average idiVIdUal grant awardcd during the year was £500. Page 16 continued...
CHASDEI AHARON LIMITED NOTES TO THE FINANCIAL STATEMENTS- colltlAutd for the vtar end Februar SUPPORT COSTS Governance costs Finance Totals Support Costs 4.274 17,396 21.670 AUDITORS, REMUNERATION 2026 2025 Fccs payablc to ihe chariW5 audilOTS for the audil of the charity's fitllncial ststements 14.000 14,000 Fees of £3,396 iii respect of non audil s¢rri¢es were paid to Raffmgers Holdings Lin)ited, a company wthich is part of the Xeinadin Group. TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, reinuneration OF other benefits for the ycar ended 28 Febmary 2026 nor for the year ended 28 February 2025. Trustees, txpcnst$ There were no tru5tee5' expenses paid for the year ended 28 F¢bnry 2026 nor foi the yeat ended 28 F¢bnwy 2025. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2026 2025 A¢¢nd expenses 14,1)00 14.000 MOVEMENT ILY FUNDS Net movement in funds Ai 28.2.26 Ai 1.3.25 UDre51rieted funds General fund 70,636 29,779 100,415 TOTAL FUNDS 70,636 29.779 100,415 N¢t movement in funds. included in the above are as follows." Incoming resources R¢sour¢es expended Movejnent in funds Unre$trl¢ttd IndS General fund 5,617,646 {5.587,8671 29,779 TOTAL FUNDS 5,617.646 {5,587,8671 29,779 Page 17 continued...
CHASDEI AHARON LIMITED r4oTESi TO THE FINANCIAL STATEMENTS- ¢ontinued for the bruA 2026 MOVEMENT IN FUNDS- CODtinued Comp#r*tlves for movement in fuDds Net tnovement in funds Ai 28.2.25 At 1.3.24 Unr¢$trlct¢d funds Q¢neral fiuM] 13,206 57,430 70,636 TOTAL FU14DS 13,206 57.430 70.636 Con]paratkve net movement in funds. included in the above are as follows.. Jncoming resources R¢sour¢es expended Movement in funds UJ)re$trlcted furthds G¢neial fund 3,558,929 (3.501.499) 57,430 TOTAL FUNDS 3.558.929 (3,501,499) 57,430 io. RELATED PARTY DISCLOSURES There were no related pany traDsactioDS or balances (luring ihe year to 28 F¢bruary 2026. Page 18