THE JUDAH AND PEARL JAKOSKY MEMORIAL FUND ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
THE JUDAH AND PEARL JAKOSKY MEMORIAL FUND
LEGAL AND ADMINISTRATIVE INFORMATION
Mr. Mark Sassoon Mr. Joseph Pearlman Mr. Stephen Goldberg Mr. Benjamin Sassoon
Independent examiner
Pasha & Co. 220 The Vale London NW11 8SR
Bankers
HSBC 18 Ballards Lane Church End Finchley, London N3 2BH
THE JUDAH AND PEARL JAKOSKY MEMORIAL FUND
CONTENTS
| Page | |
|---|---|
| report | 1 - 2 |
| Independent examiner's report | 3 |
| Statement of financial activities | 4 |
| Statement of financial position | 5 |
| Notes to the financial statements | 6 - 10 |
THE JUDAH AND PEARL JAKOSKY MEMORIAL FUND
REPORT
FOR THE YEAR ENDED 31 MARCH 2025
The present their annual report and financial statements for the year ended 31 March 2025.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the 's governing document, the Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "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)".
Objectives and activities
The 's objects are the advancement and furtherance of the Orthodox Jewish Religion, the advancement of Education for the public benefit and the alleviation of the poverty throughout the world and the furtherance of such other objects that are exclusively charitable under the law of England and Wales as the trustees may from time to time determine.
Public benefit
The have paid due regard to guidance issued by the Charity Commission in deciding what activities the should undertake.
Achievements and performance
Significant activities and achievements against objectives
Financial review
In the period under review, the Charity made a deficit of £331 (In 2024: Surplus £67,070 ).
Reserves policy
It is the policy of the that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the ’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.
Structure, governance and management
The is a unincorporated and was established by a charitable trust deed.
The who served during the year and up to the date of signature of the financial statements were: Mr. Mark Sassoon
Mr. Joseph Pearlman Mr. Stephen Goldberg Mr. Benjamin Sassoon
Recruitment and appointment of trustees
Recruitment policy
The Charity's elected trustees are appointed at an Annual General Meeting of the Charity on the basis of Board's specifications concerning eligibility, personal competence, specialist skills, business and community knowledge and local availability.
None of the has any beneficial interest in the company. All of the are members of the company and guarantee to contribute £1 in the event of a winding up.
Organisational structure
The day to day activities are managed by Mr. Mark Sassoon and supported by all other trustees.
- 1 -
THE JUDAH AND PEARL JAKOSKY MEMORIAL FUND
REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
The report was approved by the Board of .
Mr. Mark Sassoon
23 January 2026
- 2 -
THE JUDAH AND PEARL JAKOSKY MEMORIAL FUND
INDEPENDENT EXAMINER'S REPORT
TO THE OF THE JUDAH AND PEARL JAKOSKY MEMORIAL FUND
I report to the on my examination of the financial statements of THE JUDAH AND PEARL JAKOSKY MEMORIAL FUND (the ) for the year ended 31 March 2025.
Responsibilities and basis of report
As the of the you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011.
I report in respect of my examination of the ’s financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.
Independent examiner's statement
Your attention is drawn to the fact that the charity has prepared the financial statements in accordance with the relevant version of the Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn. I understand that this has been done in order for the financial statements to provide a true and fair view in accordance with UK Generally Accepted Accounting Practice.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
1 accounting records were not kept in respect of the as required by section 130 of the Charities Act 2011.
-
2 the financial statements do not accord with those records; or
-
3 the financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements give a true and fair view, which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
Syed Taufiq Pasha, FCCA
Pasha & Co.
220 The Vale London NW11 8SR 23 January 2026
- 3 -
THE JUDAH AND PEARL JAKOSKY MEMORIAL FUND
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
| Unrestricted | Unrestricted | ||
|---|---|---|---|
| funds | funds | ||
| 2025 | 2024 | ||
| Notes | £ | £ | |
| Income from: | |||
| Donations and legacies | 3 | 33,450 | 97,102 |
| Investments | 4 | 30,012 | 26,680 |
| Total income | 63,462 | 123,782 | |
| Expenditure on: | |||
| Charitable activities | 5 | 63,793 | 56,711 |
| Total expenditure | 63,793 | 56,711 | |
| Net income/(expenditure) and movement in funds | (331) | 67,071 | |
| Reconciliation of funds: | |||
| Fund balances at 1 April 2024 | 1,252,140 | 1,185,069 | |
| Fund balances at 31 March 2025 | 1,251,809 | 1,252,140 |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
- 4 -
THE JUDAH AND PEARL JAKOSKY MEMORIAL FUND
STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2025
| Notes Fixed assets Investment property 10 Current assets Trade and other receivables 11 Cash at bank and in hand Current liabilities 13 Net current assets Total assets less current liabilities Non-current liabilities 14 Net assets The funds of the Unrestricted funds 15 |
2025 £ £ 1,250,107 5,000 2,166 7,166 (2,641) 4,525 1,254,632 (2,823) 1,251,809 1,251,809 1,251,809 |
2024 £ £ 1,250,107 5,667 2,241 7,908 (1,320) 6,588 1,256,695 (4,555) 1,252,140 1,252,140 1,252,140 |
|---|---|---|
The financial statements were approved by the on 23 January 2026
Mr. Mark Sassoon
- 5 -
THE JUDAH AND PEARL JAKOSKY MEMORIAL FUND
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1 Accounting policies
Charity information
THE JUDAH AND PEARL JAKOSKY MEMORIAL FUND is a unincorporated charity, established by a charitable trust deed.
1.1 Basis of preparation
The financial statements have been prepared in accordance with the 's governing document, the Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "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)". The is a Public Benefit Entity as defined by FRS 102.
The has taken advantage of the provisions in the SORP for charities not to prepare a statement of cash flows.
The financial statements are prepared in sterling, which is the functional currency of the . Monetary amounts in these financial statements are rounded to the nearest £.
1.2 Going concern
At the time of approving the financial statements, the have a reasonable expectation that the has adequate resources to continue in operational existence for the foreseeable future. Thus the continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the in furtherance of their charitable objectives.
1.4 Income
Income is recognised when the is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
1.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
All expenditure is accounted for on an accruals basis. All expenses including support costs and governance costs are allocated for apportioned to the applicable expenditure headings.
- 6 -
THE JUDAH AND PEARL JAKOSKY MEMORIAL FUND
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
1 Accounting policies
(Continued)
1.6 Investment property
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in profit or loss.
1.7 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
2 Critical accounting estimates and judgements
In the application of the ’s accounting policies, the are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
3 Income from donations and legacies
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2025 | 2024 | |
| £ | £ | |
| Donations and gifts | 33,450 | 97,102 |
| Income from investments | ||
| Unrestricted | Unrestricted | |
| funds | funds | |
| 2025 | 2024 | |
| £ | £ | |
| Rental income | 29,983 | 26,612 |
| Interest receivable | 29 | 68 |
| 30,012 | 26,680 |
-
4 Income from investments
-
7 -
THE JUDAH AND PEARL JAKOSKY MEMORIAL FUND
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
5 Expenditure on charitable activities
| Direct costs Charitable payments Insurance Repairs and maintainence Loan interest Management and professional fees Bank charges Light and heat Council Tax Telephone and internet Accountancy Analysis by fund Unrestricted funds 6 Net movement in funds The net movement in funds is stated after charging/(crediting): Fees payable for the independent examination of the charity's financial statements |
2025 £ 53,136 2,910 5,222 89 - 60 2 1,054 - 1,320 63,793 63,793 2025 £ 1,320 |
2024 £ 31,499 398 18,919 (137) 420 60 575 2,340 1,317 1,320 56,711 56,711 2024 £ 1,320 |
|---|---|---|
7
None of the (or any persons connected with them) received any remuneration or benefits from the during the year.
There were no trustees' expenses during the year 31 March 2025 nor 31 March 2024.
8 Employees
There were no employees during the year.
No remuneration were made to the trustees during the year.
9 Taxation
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
- 8 -
THE JUDAH AND PEARL JAKOSKY MEMORIAL FUND
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
10 Investment property
| Investment property | |
|---|---|
| 2025 | |
| £ | |
| Fair value | |
| At 1 April 2024 and 31 March 2025 | 1,250,107 |
The fair value of the investment property has been arrived at on the basis of a valuation carried out at by trustees. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties. There is no material changes in properties value during the year.
| 11 Trade and other receivables Amounts falling due within one year: Other receivables 12 Borrowings Bank loans Payable after one year The long-term loans are secured by fixed charges over the investment properties. |
2025 £ 5,000 2025 £ 2,823 2,823 |
2024 £ 5,667 |
|---|---|---|
| 2024 £ 4,555 |
||
| 4,555 | ||
13 Current liabilities
| Accruals and deferred income 14 Non-current liabilities Notes Bank loans 12 |
2025 £ 2,641 2025 £ 2,823 |
2024 £ 1,320 |
|---|---|---|
| 2024 £ 4,555 |
- 9 -
THE JUDAH AND PEARL JAKOSKY MEMORIAL FUND
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
15 Unrestricted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
| General funds Previous year: General funds |
At 1 April 2024 Incoming resources Resources expended At 31 March 2025 £ £ £ £ 1,252,140 63,462 (63,793) 1,251,809 At 1 April 2023 Incoming resources Resources expended At 31 March 2024 £ £ £ £ 1,185,069 123,782 (56,711) 1,252,140 |
|---|---|
16 Related party transactions
There were no disclosable related party transactions during the year (2024 - none).
- 10 -