Docusign Envelope ID: 5B8D073A-34F6-4464-BEAB-3FF4918972EF
COMPANY REGISTRATION NUMBER: 08585461 CHARITY REGISTRATION NUMBER: 1154569
UTRY
COMPANY LIMITED BY GUARANTEE UNAUDITED FINANCIAL STATEMENTS
30 JUNE 2025
COHEN ARNOLD
Chartered accountants
New Burlington House 1075 Finchley Road London NW11 0PU
Docusign Envelope ID: 5B8D073A-34F6-4464-BEAB-3FF4918972EF
UTRY
COMPANY LIMITED BY GUARANTEE
FINANCIAL STATEMENTS
YEAR ENDED 30 JUNE 2025
| PAGE | |
|---|---|
| Trustees' annual report (incorporating the director's report) | 1 |
| Independent examiner's report to the trustees | 4 |
| Statement of financial activities (including income and expenditure | |
| account) | 5 |
| Statement of financial position | 6 |
| Statement of cash flows | 7 |
| Notes to the financial statements | 8 |
Docusign Envelope ID: 5B8D073A-34F6-4464-BEAB-3FF4918972EF
UTRY
COMPANY LIMITED BY GUARANTEE
TRUSTEES' ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT)
YEAR ENDED 30 JUNE 2025
The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 30 June 2025.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered charity name UTRY Charity registration number 1154569 Company registration number 08585461 Principal office and registered New Burlington House office 1075 Finchley Road London NW11 0PU The trustees Mr S Cik Mr A M Fogel Mr B Berger Independent examiner David Goldberg FCA DCHA New Burlington House 1075 Finchley Road London NW11 0PU
STRUCTURE, GOVERNANCE AND MANAGEMENT
The charity is constituted as a company limited by guarantee, and is therefore governed by its memorandum and articles of association.
The day-to-day affairs of the charity are administered by the trustees. None of the trustees who are also the directors have any beneficial interest in the company.
It is not currently the intention of the trustees of the charity to appoint new trustees. Should the situation change in the future, the trustees will apply suitable recruitment training and procedures.
OBJECTIVES AND ACTIVITIES
Objectives
The objectives of the charity are:
-
The advancement and furtherance of the Jewish religion and Jewish religious education.
-
The alleviation of poverty and sickness for the public benefit in particular but not exclusively amongst members of the Jewish faith by provision of grants to individuals in need and/or other organisations working to prevent or relieve poverty and sickness.
-
Other charitable activities that the trustees may from time to time determine.
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Docusign Envelope ID: 5B8D073A-34F6-4464-BEAB-3FF4918972EF
UTRY
COMPANY LIMITED BY GUARANTEE
TRUSTEES' ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT) (continued)
YEAR ENDED 30 JUNE 2025
Grant making policy
Grants are made to charitable institutions and individuals which accord with the objects of the charity.
The trustees are approached for donations by a wide variety of charitable institutions and individuals operating all over England and abroad. The trustees consider all requests which they receive and make donations based on the level of funds available.
Public benefit
The trustees confirm that they have referred to the guidance of the Charity Commission relating to public benefit when reviewing the charity's aims and objectives, in setting the grant making policy for the year, approving grant applications, and planning future activities.
ACHIEVEMENTS AND PERFORMANCE
During the year UTRY continued its philanthropic activities in support of religious, educational and other charitable institutions and, aggregate donations in the sum of £708,037 were paid in the year to 30 June 2025. The charity also established an educational library in furtherance of its objectives.
The financial results of the charity's activities for the year ended 30 June 2025 are fully reflected in the attached financial statements together with the notes thereon.
FINANCIAL REVIEW
Reserve Policy
It is the policy of the charity to maintain unrestricted funds, at a level which the trustees think appropriate, after considering the future commitments of the charity and the likely costs of the charity for the next year.
As at 30 June 2025, the charity had funds totalling £1,765,358, all of which were unrestricted.
Investment Powers and Policy and Objectives
Under the memorandum and articles of association, the charity has the power to make any investment, which the trustees see fit. The trustees regularly review the charity's position and needs in respect of the investment policy.
The charity's investment policy is to make investments of its free funds which provide a secure stream of income with potential for increases in capital growth with particular preference for low risk secure property investments.
Risk Management
The trustees have identified and reviewed the major risks to which the charity is exposed, in particular those related to the operations and finance of the charity, and are satisfied that systems are in place to manage those risks.
PLANS FOR FUTURE PERIODS
The charity plans continuing the activities outlined above in the forthcoming years subject to satisfactory incoming resources.
SMALL COMPANY PROVISIONS
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
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Docusign Envelope ID: 5B8D073A-34F6-4464-BEAB-3FF4918972EF
UTRY
COMPANY LIMITED BY GUARANTEE
TRUSTEES' ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT) (continued)
YEAR ENDED 30 JUNE 2025
The trustees' annual report was approved on 26 March 2026 and signed on behalf of the board of trustees by:
==> picture [95 x 37] intentionally omitted <==
MR A M FOGEL
Trustee
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Docusign Envelope ID: 5B8D073A-34F6-4464-BEAB-3FF4918972EF
UTRY
COMPANY LIMITED BY GUARANTEE
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF UTRY
YEAR ENDED 30 JUNE 2025
I report to the trustees on my examination of the financial statements of UTRY ('the charity') for the year ended 30 June 2025.
RESPONSIBILITIES AND BASIS OF REPORT
As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act’).
Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
INDEPENDENT EXAMINER'S STATEMENT
Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales (ICAEW), which is one of the listed bodies.
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:
-
accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
-
the financial statements do not accord with those records; or
-
the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination; or
-
the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
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 accounts to be reached.
==> picture [98 x 37] intentionally omitted <==
DAVID GOLDBERG FCA DCHA
Independent Examiner
New Burlington House 1075 Finchley Road London NW11 0PU
26 March 2026
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Docusign Envelope ID: 5B8D073A-34F6-4464-BEAB-3FF4918972EF
UTRY
COMPANY LIMITED BY GUARANTEE
STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT)
YEAR ENDED 30 JUNE 2025
| 2025 | 2024 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||
| funds | funds | Total funds | Total funds | ||
| Note | £ | £ | £ | £ | |
| INCOME AND ENDOWMENTS | |||||
| Donations and legacies | 5 | 864,874 | 20,000 | 884,874 | 968,108 |
| Investment income | 6 | 112,818 | – | 112,818 | 103,529 |
| ------------------------------------- | ------------------------------- | ------------------------------------- | ----------------------------------------------- | ||
| TOTAL INCOME | 977,692 | 20,000 | 997,692 | 1,071,637 | |
| ===================================== | =============================== | ===================================== | =============================================== | ||
| EXPENDITURE | |||||
| Expenditure on raising funds: | |||||
| Investment management costs | 7 | (127,370) | – | (127,370) | (84,679) |
| Expenditure on charitable activities | 8,9 | (839,298) | (20,000) | (859,298) | (1,059,887) |
| ------------------------------------- | ------------------------------- | ------------------------------------- | ----------------------------------------------- | ||
| TOTAL EXPENDITURE | (966,668) | (20,000) | (986,668) | (1,144,566) | |
| ===================================== | =============================== | ===================================== | =============================================== | ||
| ------------------------------------- | ------------------------------- | ------------------------------------- | ----------------------------------------------- | ||
| NET INCOME/(EXPENDITURE) | AND | ||||
| NET MOVEMENT IN FUNDS | 11,024 | – | 11,024 | (72,929) | |
| ===================================== | =============================== | ===================================== | =============================================== | ||
| RECONCILIATION OF FUNDS | |||||
| Total funds brought forward | 1,754,334 | – | 1,754,334 | 1,827,263 | |
| ----------------------------------------------- | ------------------------------- | ----------------------------------------------- | ----------------------------------------------- | ||
| TOTAL FUNDS CARRIED FORWARD | 1,765,358 | – | 1,765,358 | 1,754,334 | |
| =============================================== | =============================== | =============================================== | =============================================== |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 8 to 16 form part of these financial statements.
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Docusign Envelope ID: 5B8D073A-34F6-4464-BEAB-3FF4918972EF
UTRY
COMPANY LIMITED BY GUARANTEE
STATEMENT OF FINANCIAL POSITION
30 JUNE 2025
| 2025 | 2024 | |||
|---|---|---|---|---|
| Note | £ | £ | £ | |
| FIXED ASSETS | ||||
| Tangible fixed assets | 16 | – | 16,840 | |
| Investments | 17 | 2,500,000 | 2,500,000 | |
| ----------------------------------------------- | ----------------------------------------------- | |||
| 2,500,000 | 2,516,840 | |||
| CURRENT ASSETS | ||||
| Debtors | 18 | 12,660 | 10,055 | |
| Cash at bank and in hand | 94,121 | 33,258 | ||
| ------------------------------------- | ------------------------------- | |||
| 106,781 | 43,313 | |||
| CREDITORS: amounts falling due within one | ||||
| year | 19 | (25,423) | (9,600) | |
| ------------------------------------- | ------------------------------- | |||
| NET CURRENT ASSETS | 81,358 | 33,713 | ||
| ----------------------------------------------- | ----------------------------------------------- | |||
| TOTAL ASSETS LESS CURRENT LIABILITIES | 2,581,358 | 2,550,553 | ||
| CREDITORS: amounts falling due after more | ||||
| than one year | 20 | (816,000) | (796,219) | |
| ----------------------------------------------- | ----------------------------------------------- | |||
| NET ASSETS | 1,765,358 | 1,754,334 | ||
| =============================================== | =============================================== | |||
| FUNDS OF THE CHARITY | ||||
| Unrestricted funds | 1,765,358 | 1,754,334 | ||
| ----------------------------------------------- | ----------------------------------------------- | |||
| TOTAL CHARITY FUNDS | 21 | 1,765,358 | 1,754,334 | |
| =============================================== | =============================================== |
For the year ending 30 June 2025 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
These financial statements were approved by the board of trustees and authorised for issue on 26 March 2026, and are signed on behalf of the board by:
MR A M FOGEL
Trustee
The notes on pages 8 to 16 form part of these financial statements.
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Docusign Envelope ID: 5B8D073A-34F6-4464-BEAB-3FF4918972EF
UTRY
COMPANY LIMITED BY GUARANTEE
STATEMENT OF CASH FLOWS
YEAR ENDED 30 JUNE 2025
| YEAR ENDED 30 JUNE 2025 | ||
|---|---|---|
| 2025 | 2024 | |
| £ | £ | |
| CASH FLOWS FROM OPERATING ACTIVITIES | ||
| Net income/(expenditure) | 11,024 | (72,929) |
| Adjustments for: | ||
| Depreciation of tangible fixed assets | 28,970 | 35,406 |
| Dividends, interest and rents from investments | 14,552 | (18,850) |
| Interest payable and similar charges | 683 | 4,088 |
| Library - tangible assets | (12,130) | – |
| Changes in: | ||
| Trade and other debtors | (2,605) | 971 |
| Trade and other creditors | 15,823 | – |
| ------------------------------- | ------------------------------- | |
| Cash generated from operations | 56,317 | (51,314) |
| Interest paid | (683) | (4,088) |
| ------------------------------- | ------------------------------- | |
| Net cash from/(used in) operating activities | 55,634 | (55,402) |
| =============================== | =============================== | |
| CASH FLOWS FROM INVESTING ACTIVITIES | ||
| Dividends, interest and rents from investments | (14,552) | 18,850 |
| ------------------------------- | ------------------------------- | |
| Net cash (used in)/from investing activities | (14,552) | 18,850 |
| =============================== | =============================== | |
| CASH FLOWS FROM FINANCING ACTIVITIES | ||
| Proceeds from borrowings | 19,781 | (44,639) |
| ------------------------------- | ------------------------------- | |
| Net cash from/(used in) financing activities | 19,781 | (44,639) |
| =============================== | =============================== | |
| NET INCREASE/(DECREASE) IN CASH AND CASH | ||
| EQUIVALENTS | 60,863 | (81,191) |
| CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR | 33,258 | 114,449 |
| ------------------------------- | ------------------------------------- | |
| CASH AND CASH EQUIVALENTS AT END OF YEAR | 94,121 | 33,258 |
| =============================== | ===================================== |
The notes on pages 8 to 16 form part of these financial statements.
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Docusign Envelope ID: 5B8D073A-34F6-4464-BEAB-3FF4918972EF
UTRY
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 JUNE 2025
1. GENERAL INFORMATION
The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is New Burlington House, 1075 Finchley Road, London, NW11 0PU.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Companies Act 2006.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Judgements and key sources of estimation uncertainty
There are no judgements, estimates and assumptions that affect the amounts reported.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the statement of financial activities.
Fund accounting
General unrestricted funds comprise the accumulated surplus or deficit on income and expenditure account. They are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.
Restricted funds are funds subject to specific restricted conditions imposed by donors.
Designated funds are funds which have been set aside at the discretion of the trustees for specific purposes. There are no designated funds as at balance sheet date.
Incoming resources
All income is included in the statement of financial activities when entitlement has passed to the charity, it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured.
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Docusign Envelope ID: 5B8D073A-34F6-4464-BEAB-3FF4918972EF
UTRY
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 30 JUNE 2025
3. ACCOUNTING POLICIES (continued)
Incoming resources (continued)
Income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
Expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods.
Expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangible assets
Tangible assets are initially recorded at cost and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Short-life tangible assets
- 33% straight line
Investments
Unlisted equity investments are initially recorded at cost and subsequently measured at fair value. If fair value cannot be reliably measured, assets are measured at cost less impairment.
Listed investments are measured at fair value with changes in fair value being recognised in income or expenditure.
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Docusign Envelope ID: 5B8D073A-34F6-4464-BEAB-3FF4918972EF
UTRY
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 30 JUNE 2025
3. ACCOUNTING POLICIES (continued)
Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure.
Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in income or expenditure.
If a reliable measure of fair value is no longer available for an item of investment property, it shall be transferred to tangible assets and treated as such until it is expected that fair value will be reliably measurable on an on-going basis.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
4. LIMITED BY GUARANTEE
The charity is a Company limited by guarantee and has no share capital. The liability of each member in the event of winding up is limited to £1.
5. DONATIONS AND LEGACIES
| DONATIONS AND LEGACIES | |||
|---|---|---|---|
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2025 | |
| £ | £ | £ | |
| DONATIONS | |||
| Donations Received | 864,874 | 20,000 | 884,874 |
| ===================================== | =============================== | ===================================== | |
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2024 | |
| £ | £ | £ | |
| DONATIONS | |||
| Donations Received | 968,108 | – | 968,108 |
| ===================================== | ================ | ===================================== |
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Docusign Envelope ID: 5B8D073A-34F6-4464-BEAB-3FF4918972EF
UTRY
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 30 JUNE 2025
6. INVESTMENT INCOME
| INVESTMENT INCOME | ||||
|---|---|---|---|---|
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
| Funds | 2025 | Funds | 2024 | |
| £ | £ | £ | £ | |
| Income from investment properties | 112,818 | 112,818 | 103,529 | 103,529 |
| ===================================== | ===================================== | ===================================== | ===================================== | |
| INVESTMENT MANAGEMENT COSTS | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
| Funds | 2025 | Funds | 2024 | |
| £ | £ | £ | £ | |
| Finance Costs | 99,305 | 99,305 | 66,172 | 66,172 |
| Light and Heat | 995 | 995 | 755 | 755 |
| Repairs and maintenance | 13,059 | 13,059 | 5,216 | 5,216 |
| Insurance | 2,709 | 2,709 | 1,919 | 1,919 |
| Management fees | 11,302 | 11,302 | 9,620 | 9,620 |
| Council tax | – | – | 997 | 997 |
| ------------------------------------- | ------------------------------------- | ------------------------------- | ------------------------------- | |
| 127,370 | 127,370 | 84,679 | 84,679 | |
| ===================================== | ===================================== | =============================== | =============================== | |
| EXPENDITURE ON CHARITABLE ACTIVITIES BY FUND TYPE | ||||
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2025 | ||
| £ | £ | £ | ||
| Grants | 688,037 | 20,000 | 708,037 | |
| Library | 96,914 | – | 96,914 | |
| Support costs | 54,347 | – | 54,347 | |
| ------------------------------------- | ------------------------------- | ------------------------------------- | ||
| 839,298 | 20,000 | 859,298 | ||
| ===================================== | =============================== | ===================================== | ||
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2024 | ||
| £ | £ | £ | ||
| Grants | 794,002 | – | 794,002 | |
| Library | 212,460 | – | 212,460 | |
| Support costs | 53,425 | – | 53,425 | |
| ----------------------------------------------- | ---------------- | ----------------------------------------------- | ||
| 1,059,887 | – | 1,059,887 | ||
| =============================================== | ================ | =============================================== |
7. INVESTMENT MANAGEMENT COSTS
8. EXPENDITURE ON CHARITABLE ACTIVITIES BY FUND TYPE
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Docusign Envelope ID: 5B8D073A-34F6-4464-BEAB-3FF4918972EF
UTRY
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 30 JUNE 2025
9. EXPENDITURE ON CHARITABLE ACTIVITIES BY ACTIVITY TYPE
| Activities | ||||
|---|---|---|---|---|
| undertaken | Total funds | Total fund | ||
| directly | Support costs | 2025 | 2024 | |
| £ | £ | £ | £ | |
| Grants | 708,037 | – |
708,037 | 794,002 |
| Library | 96,914 | 28,969 |
125,883 | 247,867 |
| Governance costs | – | 25,378 |
25,378 | 18,018 |
| ------------------------------------- | ------------------------------- | ------------------------------------- | ----------------------------------------------- | |
| 804,951 | 54,347 |
859,298 | 1,059,887 | |
| ===================================== | =============================== | ===================================== | =============================================== |
The total grants and donations paid to charitable institutions for the purposes of either the advancement of education or the alleviation of poverty are shown below.
| £ | |||||
|---|---|---|---|---|---|
| Palmcourt Limited | 10,000 | ||||
| 10. | ANALYSIS OF SUPPORT COSTS | ||||
| Support costs | Library | Total 2025 | Total 2024 | ||
| £ | £ | £ | £ | ||
| General office | – | 28,969 | 28,969 | 35,406 | |
| Governance costs | 25,406 | – | 25,406 | 18,017 | |
| ------------------------------- | ------------------------------- | ------------------------------- | ------------------------------- | ||
| 25,406 | 28,969 | 54,375 | 53,423 | ||
| =============================== | =============================== | =============================== | =============================== | ||
| 11. | ANALYSIS OF GRANTS | ||||
| 2025 | 2024 | ||||
| £ | £ | ||||
| GRANTS TO INSTITUTIONS | |||||
| Grants to charities | 10,000 | 74,000 | |||
| GRANTS TO INDIVIDUALS | |||||
| Relief of poverty | 698,037 | 720,002 | |||
| ------------------------------------- | ------------------------------------- | ||||
| Total grants | 708,037 | 794,002 | |||
| ===================================== | ===================================== | ||||
| 12. | NET INCOME/(EXPENDITURE) | ||||
| Net income/(expenditure) is stated after charging/(crediting): | |||||
| 2025 | 2024 | ||||
| £ | £ | ||||
| Depreciation of tangible fixed assets | 28,970 | 35,406 | |||
| Foreign exchange differences | 1,047 | – | |||
| Fees payable for the audit of the financial statements | – | 9,600 | |||
| =============================== | =============================== |
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Docusign Envelope ID: 5B8D073A-34F6-4464-BEAB-3FF4918972EF
UTRY COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 30 JUNE 2025
13. INDEPENDENT EXAMINATION FEES
| INDEPENDENT EXAMINATION FEES | ||
|---|---|---|
| 2025 | 2024 | |
| £ | £ | |
| Fees payable to the independent examiner for: | ||
| Independent examination of the financial statements | 9,600 | – |
| ========================== | ================ |
14. STAFF COSTS
The average head count of employees during the year was Nil (2024: Nil).
No employee received employee benefits of more than £60,000 during the year (2024: Nil).
15. TRUSTEE REMUNERATION AND EXPENSES
There was no remuneration paid to the trustees. The charity did not meet any individual expenses incurred by the trustees for services provided to the charity.
16. TANGIBLE FIXED ASSETS
| TANGIBLE FIXED ASSETS | |
|---|---|
| Library | |
| £ | |
| Cost | |
| At 1 July 2024 | 107,293 |
| Additions | 12,130 |
| ------------------------------------- | |
| At 30 June 2025 | 119,423 |
| ===================================== | |
| Depreciation | |
| At 1 July 2024 | 90,453 |
| Charge for the year | 28,970 |
| ------------------------------------- | |
| At 30 June 2025 | 119,423 |
| ===================================== | |
| Carrying amount | |
| At 30 June 2025 | – |
| ===================================== | |
| At 30 June 2024 | 16,840 |
| ===================================== | |
| INVESTMENTS | |
| Investment | |
| properties | |
| £ | |
| Cost or valuation | |
| At 1 July 2024 and 30 June 2025 | 2,500,000 |
| =============================================== | |
| Impairment | |
| At 1 July 2024 and 30 June 2025 | |
| Carrying amount | |
| At 30 June 2025 | 2,500,000 |
| =============================================== | |
| At 30 June 2024 | 2,500,000 |
| =============================================== |
17. INVESTMENTS
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Docusign Envelope ID: 5B8D073A-34F6-4464-BEAB-3FF4918972EF
UTRY
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 30 JUNE 2025
17. INVESTMENTS (continued)
All investments shown above are held at valuation.
Investment properties
The investment property is stated at trustees' valuation as at 30 June 2025.
18. DEBTORS
| DEBTORS | ||
|---|---|---|
| 2025 | 2024 | |
| £ | £ | |
| Trade debtors | 1,915 | 2,162 |
| Other debtors | 10,745 | 7,893 |
| ------------------------------- | ------------------------------- | |
| 12,660 | 10,055 | |
| =============================== | =============================== | |
| CREDITORS: amounts falling due within one year | ||
| 2025 | 2024 | |
| £ | £ | |
| Accruals and deferred income | 9,600 | 9,600 |
| Other creditors | 15,823 | – |
| ------------------------------- | -------------------------- | |
| 25,423 | 9,600 | |
| =============================== | ========================== | |
| CREDITORS: amounts falling due after more than one year | ||
| 2025 | 2024 | |
| £ | £ | |
| Bank loans and overdrafts | 816,000 | 796,219 |
| ===================================== | ===================================== |
19. CREDITORS: amounts falling due within one year
20. CREDITORS: amounts falling due after more than one year
The bank loans are secured by way of fixed charges against the assets of the charity.
21. ANALYSIS OF CHARITABLE FUNDS
Unrestricted funds
| Unrestricted funds | ||||
|---|---|---|---|---|
| At | At | |||
| 1 July | 30 June | |||
| 2024 | Income | Expenditure | 2025 | |
| £ | £ | £ | £ | |
| General funds | 1,754,334 | 977,692 | (966,668) | 1,765,358 |
| =============================================== | ===================================== | ===================================== | =============================================== | |
| At | At | |||
| 1 July | 30 June | |||
| 2023 | Income | Expenditure | 2024 | |
| £ | £ | £ | £ | |
| General funds | 1,827,263 | 1,071,637 | (1,144,566) | 1,754,334 |
| =============================================== | =============================================== | =============================================== | =============================================== |
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Docusign Envelope ID: 5B8D073A-34F6-4464-BEAB-3FF4918972EF
UTRY
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 30 JUNE 2025
21. ANALYSIS OF CHARITABLE FUNDS (continued)
| Restricted funds | |||||
|---|---|---|---|---|---|
| At | At | ||||
| 1 July | 30 June | ||||
| 2024 | Income | Expenditure | 2025 | ||
| £ | £ | £ | £ | ||
| Restricted Fund | – | 20,000 | (20,000) | – |
|
| ================ | =============================== | =============================== | ================ | ||
| At | At | ||||
| 1 July | 30 June | ||||
| 2023 | Income | Expenditure | 2024 | ||
| £ | £ | £ | £ | ||
| Restricted Fund | – | – | – | – | |
| ================ | ================ | ================ | ================ | ||
| 22. | ANALYSIS OF NET ASSETS BETWEEN FUNDS | ||||
| Unrestricted | Total Funds | ||||
| Funds | 2025 | ||||
| £ | £ | ||||
| Tangible fixed assets | – | – | |||
| Investments | 2,500,000 | 2,500,000 | |||
| Current assets | 106,781 | 106,781 | |||
| Creditors less than 1 year | (25,423) | (25,423) |
|||
| Creditors greater than 1 year | (816,000) | (816,000) |
|||
| ----------------------------------------------- | ----------------------------------------------- | ||||
| Net assets | 1,765,358 | 1,765,358 | |||
| =============================================== | =============================================== | ||||
| Unrestricted | Total Funds | ||||
| Funds | 2024 | ||||
| £ | £ | ||||
| Tangible fixed assets | 16,840 | 16,840 | |||
| Investments | 2,500,000 | 2,500,000 | |||
| Current assets | 43,313 | 43,313 | |||
| Creditors less than 1 year | (9,600) | (9,600) |
|||
| Creditors greater than 1 year | (796,219) | (796,219) |
|||
| ----------------------------------------------- | ----------------------------------------------- | ||||
| Net assets | 1,754,334 | 1,754,334 | |||
| =============================================== | =============================================== | ||||
| 23. | ANALYSIS OF CHANGES IN NET DEBT | ||||
| At | At | ||||
| 1 Jul 2024 | Cash flows | 30 Jun 2025 | |||
| £ | £ | £ | |||
| Cash at bank and in hand | 33,258 | 60,863 | 94,121 | ||
| Debt due after one year | (796,219) | (19,781) | (816,000) |
||
| ------------------------------------- | ------------------------------- | ------------------------------------- | |||
| (762,961) | 41,082 | (721,879) | |||
| ===================================== | =============================== | ===================================== |
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Docusign Envelope ID: 5B8D073A-34F6-4464-BEAB-3FF4918972EF
UTRY
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 30 JUNE 2025
24. RELATED PARTIES
During the year, UTRY donated £10,000 to Palmcourt Limited, and creditors include £15,823 payable to this related charity. Donations received include £89,634 from United Talmudical Associates Ltd, and debtors include £1,993 due from this entity. Both Palmcourt Limited and United Talmudical Associates Ltd share common trustees with UTRY.
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