Company Reglstratlon Number: 08298640 Charity Number: 1150212 The Sasta Foundation (A Gompany Ilmfted by guarantee. not havlng a Share capital) Annual Report and Unaudited Financial Statements for the financial year ended 31 March 2025
The basta Foundation {A company Ilmltad by uuarnntee, not havlng a share caplt4} CONTENTS Page Truste8s' and Other Information Truste8s' Annual Report Statement of Trustees, Responsibilities Independent Examiner's Report statement of Financlal Activiti6S Balance Sheet Notes to the Financial Ststements 9-13
The Sasta Foundation IA company Ilmlted hy guarantee, nrA having a share Capital) TRUSTEES, AND OTHER INFORMATION Trustee$ Mr Michael Staszewskl Mfs Mandy Staszewski Charlty Number In Ettgland and Wales 1150212 Company Registration Number 08298640 Independent Examlnor Melin8k Fing LLP Flrst Floor. Winston House 349 Regents Park Road London N3 1DH GB
The Sasla Foundation (A company Ilmlted by guarant4e, not havlng a share capltal) TRUSTEES. ANNUAL REPORT for the financi81 year ended 31 March 2025 The trustees present thelr Trusteeg Nnnual Report, combining the Direclors. Report and Tnjstees, Report, and Ihe unaudlled financlal staloments for th8 flnanclal year ended 31 March 2025. The financi81 slalements are prepared in accordance with the Companies AGt 2006, FRS 102 "fhe Flnanclal Reporting Standard applicablB in the UK and Reputlic of Ireland" and Accounling and Reporting by Charities: Slalemenl of Recommended Praclice applicable to charities preparing their financial statemenls in accordan with th8 Financial Roportlng Standard applicable in the UK and Republic of Ireland (FRS 1021. The Tru51e8s' Report contsins the Informauon r8qulred to be provlded In the Twslees, Annual Report und8r th8 Stalemenl of Recommended Practice (SORP) guldelines. The Irustees of the charlty are also charlty trustees for the purpose of charity law and under the charlty's constilulion are known as memb8rs of the board of trustees. Mlsslon, Objectlves and Strategy Misslon Statement The Charily's objeGtive Is the advancement of lh8 Orth(Klox Jewish faith. Structura, Govarnanc8 and Managom8nt Structure The charity is controlled by ils governin9 documenl, a deed of trust. and conslitules a limited company, limited by guarantee. as defined by the Companiés Act 2006. Revlew of Actlvltles. Achlevtmant8 and Pertormance Durlng the year the charity was invdved In phIlanthro¢ actlvltl8s and has glvan support to educatlonal and other ch8rit8bl8 Snslitutlons. Tha trustees have had regard lo the Charity Commission's guldance on wblic b8neflt in managing the acliviUes of the arity. Flnanclal Revlew The rgsulls for the flnanclal year are set out on pag6 7 and addlllonal notes are wovlded showlng Incom8 and expenditure In greater detail. Expondlturè The Chality has given support to educalion81 and other charitsble institutions. The 8ggreg8te grants during the year was £586,944 of which £539,764 was a gift of a Charity asset. {2024.' grants mado £59,057). Flnanclal Results Al lh8 end of the fln8nc181 ye8r the charlty has assets of £2,988,55712024 - £3,553.144) and 16abllllles of £1,747,968 {2024 - £1,804.750). The net as501s of th8 charlty have deueased by £{507.805). Trust888 The trustees who seNed throughout the linanci81 year. except as noted. were as follows.. Mr Ml¢hael Staszewski Mrs Mandy Staszewskl Compllance wlth $6ctor-Wldo Leg181atlon and Standards Ths Companies Act 2006 The Charlties SORP (FRS 102) Approved by the Board of Trustees on and slgn8d on Its behalf by:
The Sasta Foundation IA company limlted by guarantee, ntst havlng a share tapital) STATEMENT OF TRUSTEES, RESPONSIBILITIES for Ihe financial year ended 31 March 2025 The trustees, who are also directors of The Sasta Foundation for the purposes of company law, are r8sponslble for preparing the financial statements in accordance with applicabk18W 8nd r8gulations. Company law requirès the trustees as the directors to prepare financlal statements for each financial year. Under that law the trustees have elected lo prepor8 the financial statements in accordance with United Klngdom Gonerally Accepted Accounting Practice (United Kingdom Accounting Standerds and applicable lawl induding FRS102 "The Fin8ncial Fleporting Standard applicable in the UK and Republic of Irel8r)d" Under company law the trustees musl not approve the financial slatemonts unless Ihey ale satisfied thal they give a true and fair view of the state of affairs of the charlty and of the net Income or expenditure of Ihe charity for that period. In preparing Ihes8 flnanclal slatements, the trustees are requlred to: select suitable accounting polici8s and apply th8m consistently. make judgements and estimates that are reasonable and prudent; state whellier th6 flnancial statements have been prep8red in accoTrdance with the relevant finanG181 reporting framework, identify those Standards, and rtote the effect and the reasons for any m81erial departure from thos8 standards. and preparo the financlal statements on Ihe going concern basis unless itls In8pproprlate to pr&sume that the ch8rlty wlll conllnu6 In opgratlon. The truslegs confirrn that they have o)mplied with the above requlrem8nts in preparing the financial slatem8nts. The trustees are responsible for ke8ping adequate accounting records that are sufficient to show and explain the charlly's transactions and disclose wilh reasonab18 accuiacy 8t any timg the financlal positlon of the ch8rlly and enable them to ensure that the financlal stalemgnts Gompw with Ihe Companles Acl 2006. They are also rè8ponslble for safeguarding th8 assets of the charlty and h8nce for taking r88sonable steps for the preventlon and detecllon of fraud and other Irregularilies. Approved by tho Board of Trustees on and Blgned on It8 behalf by:
The Sasta Foundation IA ctsmpany limlted by guarantee, not havlng a 6horo capltsl) INDEPENDENT EXAMINER'S REPORT TO THE BOARD OF TRUSTEES OF THE SASTA FOUNDATION I have 8xamlned the flnancial statem8nts of th9 charity for the financial year andod 31 March 2025. which COTnpri8e Ihe Statement of Flnancial Actlvities (incorporatsng an Income and Expgnditure Account), tha Balance Sheét and the related noles. Respective responsibilities of truslèeÈ and examlner The charity's Irustees {who are also the diredors of the MpanY k)r the purposes of company18w) are responsible for the preparalion of the financial statements in accordance wilh the requirements of the Companies Act 2006. The charily's trustees consider that an audit is not required for thls financial year under Chaptar 3 of Part 16 of the Companies Act 2006 and thal an independenl examinalion is required. It Is my responslbillty to.. éxamln8 lh8 financial 8tatgments under secllon 145 of the Act.. follow the procedures laid down by the general Directions given by the Charity Commission under section 145(51 of the Ch8rities Act 2011,. and slate whether particular matters have come to my attenlion. 8asls of independènt èxamlner's rèport My oxamlnation was carried out In accordanc8 wlth the gènerAI Dlrecllons given by th8 Charlty Commlssion. An examinatlon indLJdes a revlgw of the accountlng records kept by the charlty and a comparlson of Ihe flnanclal statements presented wllh Ihose records. It also includes conslderallon of any unusual Items or disclosures in Ihe nancial statements and seeking explanalions from the trustees concernin9 any suGh matters. The procedurès underlaken do not provide all Ihe ewdence that would be required In 8n 8udit and consequently no opinlon is glven as to whether the accounts present a 'true and fair. view and the report Is Ilmit8d to thos6 matters set out In the 8lalement below. Independent fjxqmlner's statemont In connection wilh my examlnalion. no malier has come to my attention whlch glves me cause to believe that In, any rnalerial respect- accounting r8fL)rds were not kept in accordance with section 386 of the Compani8s Act 2006 the flnanclal statements do not accord with those aclounling reGords the finand81 statements do not comply with tha ac¢ounling requlrements of Ihe Charities Act the financial statemenls have nol been prepared In acwrdance with the 8ccounling requlremenls of section 396 of the Companies Act 2006 and wilh the methods and prlnciples of the Slat8ment of Recommended Practice 8ppll¢able to charlll@s preparing their accounls In accordance wllh the Financlal Reportlng Standard appllc8ble In the UK and Republlc of Ireland IFRS102) Iharg Is further Informallon needed for a proper undeT5tandlng of the accounts to be reached. I have no concerns and have come across no olher matters In Connection wblh ilie examlnatlon to which attention should be drawn In Ihls report in order lo ènable a proper understanding of th8 financial slatements to b8 reached. MrAryeh Malln8k, FCA MELINEK FINE LLP Firsl Floor, Winston House 349 Regents Park Road London N31DH GB Dato., (/,,/ zf
The Sasta Foundation (A company limlted by guarantee. not having a $hare capitsl STATEMENT OF FINANCIAL ACTIVITIES IlncorporatSn9 an In¢omo and Expgnditura Account) for the financial year ended 31 March 2025 Unrestrlcted Funds 2025 Tolal Unrestricted Funds Funds 2025 2024 Tolal Funds 2024 Notes Income Donations and legacies Inveslment8 12,540 142,411 12,540 142,411 79.530 100,988 79,530 100,988 Total Incoma 154,951 154,951 180,518 180,518 Exp8ndituie Raising funds Charit8ble activities 82,276 567,763 82,276 567,763 72,347 60.760 72,347 60,760 Total Expendituie 650,039 650,039 133,107 133,107 Net galnsl{losses) on Inveslments (12,717) {12,7171 114,768) (14,768) Net Incomellfrxpendlture) (507,805) (507,8051 32.643 32,643 Transfers between funds Not movemant In funds for the flnanclal yèar {507.805) 1507.805) 32,643 32.643 Rgconclllatlon of fund5.' Total funds beglnnlng of the year 15 1.748,394 1,748,394 1,715,751 1,715,751 Tolal funds at thè end of the yaar 1.240,589 1,240,589 1.748,394 1.748,394 The Sl818ment of Flnanclal Actfvitles Includes all galns and10$8es recognlsed In Ihe t7ngnclal year. All Income and expendlturo relate to ¢ontlnulng acflvltles.
The Sasla Foundation (A company Ilmlted by guar4nte¢, not havlng a share capllal) Company Number: 08298640 BALANCE SHEET as at 31 March 2025 2025 2024 Noles Flxed Assets Tangible assels Investments 2,936,783 21,322 3,476,547 46,404 10 2,958,105 3,522,951 Current Assets Debt8 Cash at bank and In hand 11 9,969 20,483 2,113 28,080 30h52 30,193 Credltors: Amounts fallln9 due wlthln one yoar 12 (1,288,465) {866.196) Not Current Llabllitle8 (1,258,013) (B36,003) Total Assets lèss Current Llabllltles 1,700,092 2,686,948 Cr8dltors Amovnts falling due after more than one year 13 (459,503) (938,554) Total Net Assets 1,240,589 1,748,394 Funds General fund (vnresldcted) 1.240,589 1,748,394 Total funds 1,240,589 1,748,394 The8e financial Statements hav9 bèen FK8pared in accordance with tha specsal provisions relating to Small cornpanies wilhln Part 15 of Ihe Companles Act 2006. For the financial y88r ended 31 March 2025 the ¢harlty was entlded to exempllon from audll und8r s8ction 477 of th8 CompanSes Act 2006,. and no notlcé has been deposlled under secllon 476. The trustees confim th8t the members h8ve nol requIr1 the company lo obt8ln an audlt of 51s financlal statements for Ihe Itnanclal year In questlon in accordance wlth sectlon 476 of the Companies Act 2006. The trustees acknowledge Ihelr responsibililies for ensuring that the charlty keep8 accounllng records which comply wlth sectlon 386 and for preparing finanL?al statemenls which glvé e true and falr vlew of the state of affalrs of Ihe charity as al the end of the fin8nclal year and of its profit and loss for the financlal yéar In accordance wlth th8 requlremen15 of sèctlons 394 and 395 and whlch otherwlse comply wlth the réqulr6menls of the Companles Act 2006 rdating to fflnanclal staternent8. so far as appllcable to the charity. Approved by the Board of Trustees and authorised for issue on behalf by and slgned on Its
The Sasta Foundation {A company limlled by guarantèg, not havlng a 9harè capltal) NOTES TO THE FINANCIAL STATEMENTS for Ihe financial yéar end8d 31 March 2025 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The following accountlng policles havè bean applied conslstently In dealing with ilems whlch are consldered material in relatlon to the charity's flnanclal slatements. Basls of prÉparallon The financial statements have been prepared on the going concem basis vnder the historical cosl convenlion, odified to indude certain ilems al fair v81u8. The finanaal stalemenls have been prepared In accordance with the Staloment of Recommendad Practice (SORP) "AGcounling and Reporting by Charities prèparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland FRS 102" As permltted by the CompanFes Act 2006, Ihe charfty has vailed th8 Standard formals In Ih8t acl for the Slalement of Flnancial Actlvitles and the Balance Sheet. D6partures from the standard fonnals are to comply with Ihe requirements of the Charilles SORP and are in compliance with secllon 4.7, 10.6 and 15.2 of that SORP. Statement of compllan¢e Th8 finandal statements of the ¢harSly for Ihe financlal year ended 31 March 2025 have been PFepared on the golng concern basls and in ac¢oTdance wlth the Slaternent of Recommended Pracllce (SORP} "Accounllng and Reporting by Charltfes preparlng thelr accounts In aryxrdance wlth the Flnanclal Reportlng standard applicable In the UK and Republlc of Irelgnd FRS 102" Cash Ilow statèmènt The charity has avai18d of th9 exemption in FRS 102 from the requlrem8nt to produce a cash flow statement becaus8 It is classified as a small charity. Fund Accountlng The folbwlng are the categorles of fund8 malnt8lned'. Restrlctod funds Restrlcted funds can only be vsed for partlcular reslrlcled purposes wilhln the obje¢ts of the charlty. Reslrlctlons atls8 when specified by Ihe donor or when funds are raised for parllcular reslricted purposes. Unrestrlcted funds Unre811icled funds can be used in accordance wlth the charllable oblecllves al Ihe dlscretlon of th8 trustees. Incorn• All Incomels r8cognlsed in th8 Slatement of Flnancial Acllvltles once the charlty has enlltlemenl to the funds, it Is probable that the Income wlll be received and the amount can be rneasurcd rc118bly, Expendituro Llabillllès are recogni88d as expendlturo a8 soon as Ihere Is a legal or constructive obligation commlttlng the charity to that expenditUl8, il is probable that a transfer of economic benefits will be required in setllemenl 8nD the amount of th8 obli9ation can be measuied reliably. Expenditure is accounted for on an accruals ba¥i8 and has bgen classified under headlngs that aggregate all cost related to the legory. Where costs cannot be dlreclly attrlbuted to partlcular headings they have been allocated to acllvilles on a basls conslstent with the Use of resour¢e8. Grants offered subject to condlllons whlth have not been met at the year end date are noted as a commltmont but not accrued as expenditure. Inv8stment properties Inveslmenl property is shown at most recent valuation. Any aggregate surplus or deficit arislng from changes In fair value 18 recognised in the Statembnt of Financial Activities. Investments Investments held as fixed assets are staled at cost less provlslon for any pemanont dlmlnutlon In value. Income from other financl81 fixed asset Investmenfs together with any relatod tax credlt 5s recognlsed in the income and expen(iilure account in the financial year in whlch It is recelvable.
contlnued The Sasta Foundation IA company limilad by guaranteo, not having o shara capitsll NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2025 Taxatlon The charity is exempt from corpordtion lax on its charitable &tiviiyes. PERIOD OF FINANCIAL STATEMENTS The comparative figures relate to the 9 rnonth perlod ended 31 March 2024. INCOME DONATIONS AND LEGACIES Unrestricted Restrlcted Funds Funds 2025 2024 Donations and legacles 12,540 12,540 79,530 INVESTMENTS Unrestrlcted Restri¢led Funds Funds 2025 2024 Investment8 142,411 142,411 100,988 EXPENDITURE RAISING FUNDS Dlrecl Costs Other Costs Support Costs 2025 2024 Insurance Repalrs Management and lettlng fees Servlce charges Interest payable Other legal and professional 147 13,B10 14.470 12,317 39.254 2,278 147 13,810 14,470 12,317 39,254 2,278 1,178 5,787 8,308 13,347 43,727 82,276 82,276 72,347 Raislng funds are th6 Investment managemènt cosls CHARrrABLE ACTIVITIES Dlrect Costs othèr Costs Support Costs 2025 2024 Expendilure on chaTilabl8 aclivites The Brltlsh FTlends of Mldrash Shmuel Donation of charlty asset other grants made 819 819 1,703 30.000 539,764 539,764 27,180 27.180 29,057 27.180 540,583 567,783 60,760 NET INCOME 2025 2024 Not Income Is stated after charglngl(credltlng): Deflcil on forelgn cutrencies 584 385
WIILiriuvu The Sasta Foundatlon (A ¢ompany limited by guaranl8e, not having a sharo capllal) NOTES TO THE FINANCIAL STATEMENTS for Ihe financial year ended 31 March 2025 INVESTMENT AND OTHER INCOME 2025 2024 Rent recelvabfe Bank interest 142,411 100,891 97 142,411 100,988 AMOUNT WRITTEN OFF INVESTMENTS 2025 2024 Amounts writtén off current asset Investments 12,717 14,768 INTEREST PAYABLE AND SIMILAR CHARGES 2025 2024 On bank loans and ovwdrafts 39,254 43,727 TANGIBLE FIXED ASSETS Inv?$tment propertles Total Cost At 1 Aprll 2024 Dlsposals 3,476,547 (539,764) 3,476,547 (539,764) At 31 Maroh 2025 2.936,783 2.936.783 Net book value At 31 March 2025 2,936,783 2,936,783 Al 31 March 2024 3,476,547 3,476,647 10. INVESTMENTS Other Inv8stment¥ Investments Cost At 1 Aprll 2024 Disposals Revaluattons 46,404 (12,3651 (12,717) Al 31 March 2025 21,322 Not book valuo At 31 March 2025 21,322 At 31 March 2024 46,404
continued The Sasta Foundatlon IA company limlted by guarantèè. not having A sharn capital} NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 Marth 2025 DEBTORS 2025 2024 Trade deblois Other debtors Prepayments and accrued income 6,724 2,508 737 2.113 9,969 2,113 12. CREDITORS Amounts falllng due wlthln onè yoar 2025 2024 Other creditors Accruals and deferred Income 1,286,096 2,369 884,996 1.200 q.288,465 866,196 Other creditors includes £1.286,096 {2024: £864.996) due to the Trust885 or companles managed by the Trustees, 13. CREDITORS Amounts falllng due after more than onè year 2025 2024 Bank h)an 459,503 938,554 Repayable betwoen one and two years Repayable beeen two and five years 938,554 459,503 459,503 938,554 14. RESERVES 2025 2024 At the beginning of the y8ar {DeflcitllSurplus for thg fanCiSI yo8r 1,748.394 (507,805) 1,715,751 32,843 At the end of th8 year 1,240,589 1,748.394 15. FUNDS 15.1 ANALYSIS OF NET ASSETS BY FUND Fixed Flnanclal ass8ts fixed charlty use assets Current assets Currenl Long-term Ilabllltles Ilabllitles Total Unreslriclèd general funds 2.936.783 21.322 30.452 (1,288.465) {459,503) 1,240,589 2,936,783 21.322 30,452 {1,288,465) 1459,5031 1,240,589
ontinued The Sasta Foundatlon {A company Ilmilad by guaranloo, not having a ghar• capital) NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 Marth 2025 STATUS The charlty Is a company limited by guarantee not having a share capital. The Ilability of the members Is limiled. The llability of each memeber in the evenl of wlnd up is limited to £10, 17. RELATED PARTY TRANSACTIONS Durlng Ihe financlal year, the charlty received donallons from Irustees or companles owned and m8naged by the trustees amountlng to £10,032 (2024.. £63,624) During the year the Charity donated a propety io anothar Charlty th a common Truslee. Its cost was £539,764. During the year the Charity made grants lo another Charity with a common Trustee amounling to £3,716. The Iruslees r8cetved no remun8ration or other beneflts durlng the financlal year.