Charity registration number: 1158986
KERESTIER TRUSTEES' REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025
KERESTIER Contents
| Page | |
|---|---|
| Trustees' Report | 1—2 |
| Independent Examiner's Report | 3 |
| Statement of Financial Activities | 4 |
| Statement of Financial Position | 5 |
| Notes to the Financial Statements | 6—9 |
| The following pages do not form part of the statutory accounts: | |
| Detailed Statement of Financial Activities | 10 |
KERESTIER Trustees' Report For The Year Ended 31 October 2025
The trustees present their report and the financial statements for the year ended 31 October 2025.
Objectives and Activities
Aims and Objectives
The charity continued to fulfil its charitable objectives during the year by promoting education in the Orthodox Jewish faith and providing relief from poverty, primarily through the distribution of charitable grants.
Reference and Administrative Details
Trustees
Mr Eugene Schneck - Trustee Mr Joel Meisels - Trustee Mr Joel Matyas - Trustee Mr Yoel Marmorshtein - Trustee
Charity Number
1158986
Principal Address
170 Holmleigh Road London N16 5PY
Independent Examiner
C Rosen
Page 1
KERESTIER Trustees' Report (continued) For The Year Ended 31 October 2025
The trustees' report was approved by the board of trustees and signed on its behalf by:
Mr Eugene Schneck Mr Joel Meisels Trustee Trustee 5th August 2026
Mr Yoel Marmorshtein Trustee
Page 2
KERESTIER Independent Examiner's Report to the Trustees of KERESTIER For The Year Ended 31 October 2025
I report to the trustees on my examination of the accounts of KERESTIER (the Trust) for the year ended 31 October 2025.
Responsibilities and Basis of Report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent Examiner's Statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and contents of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
C Rosen 5th August 2026
Page 3
KERESTIER Statement of Financial Activities For The Year Ended 31 October 2025
| Notes INCOME AND ENDOWMENTS FROM: Investments 3 EXPENDITURE ON: Charitable activities: 4 Unrestricted NET EXPENDITURE NET MOVEMENT IN FUNDS RECONCILIATION OF FUNDS: Total funds brought forward TOTAL FUNDS CARRIED FORWARD 12 |
2025 Unrestricted funds £ 7,036 |
2024 Unrestricted funds £ 6,668 |
|---|---|---|
| (7,827) | (7,491) | |
| (791) | (823) | |
| (791) (2,552) |
(823) - |
|
| (3,343) | (2,552) |
The notes on pages 6 to 9 form part of these financial statements.
Page 4
KERESTIER Statement of Financial Position As At 31 October 2025
| Notes FIXED ASSETS Investment Properties 9 CURRENT ASSETS Cash at bank and in hand Creditors: Amounts Falling Due Within One Year 10 NET CURRENT ASSETS (LIABILITIES) TOTAL ASSETS LESS CURRENT LIABILITIES NET LIABILITIES FUNDS OF THE CHARITY Unrestricted Funds TOTAL FUNDS 12 On behalf of the board Mr Eugene Schneck Trustee Mr Joel Meisels Trustee Mr Joel Matyas Trustee Mr Yoel Marmorshtein Trustee 5th August 2026 |
2025 Unrestricted funds £ 184,070 |
2024 Total funds £ 184,070 |
|---|---|---|
| 184,070 578 |
184,070 784 |
|
| 578 (187,991) |
784 (187,406) |
|
| (187,413) | (186,622) | |
| (3,343) | (2,552) | |
| (3,343) | (2,552) | |
| (3,343) | (2,552) | |
| (3,343) | (2,552) | |
The notes on pages 6 to 9 form part of these financial statements.
Page 5
KERESTIER Notes to the Financial Statements For The Year Ended 31 October 2025
1. General Information
KERESTIER is an unincorporated charity registered with the Charity Commission, registered charity number 1158986. The principal address is 170 Holmleigh Road, London, N16 5PY.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)", Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities Act 2011.
The charity is a Public Benefit Entity as defined by FRS 102.
2.2. Incoming Resources
All incoming resources are 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. The following specific policies are applied to particular categories of income:
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, legacy income is recognised when receipt is probable and entitlement is established, income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers, income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
2.3. 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,
other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on 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.
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the statement of financial activities.
2.5. Cash and Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.
3. Investment Income
Page 6
KERESTIER Notes to the Financial Statements (continued) For The Year Ended 31 October 2025
| Bank interest receivable Rents received from investment properties 4. Analysis of Expenditure Unrestricted Unrestricted 5. Grants Payable Unrestricted 6. Support Costs General administration Interest payable Governance costs |
Grant funding of activities (see note 5) £ 7,261 |
2025 Unrestricted funds £ - 7,036 |
2024 Unrestricted funds £ 2 6,666 |
|---|---|---|---|
| 7,036 | 6,668 | ||
| Support costs (see note 6) £ 566 |
2025 Total £ 7,827 |
||
| Grant funding of activities (see note 5) £ 6,430 |
Support costs (see note 6) £ 1,061 |
2024 Total £ 7,491 |
|
| 2025 Grants to Institutions £ 7,261 |
2024 Grants to Institutions £ 6,430 |
||
| 2025 Unrestricted £ 255 61 250 |
|||
| 566 |
Page 7
KERESTIER Notes to the Financial Statements (continued) For The Year Ended 31 October 2025
| General administration Interest payable Governance costs 7. Independent Examiner's Remuneration Independent examination of the financial statements 8. Average Number of Employees Average number of employees during the year was: NIL (2024: NIL) 9. Investment Property Fair Value As at 1 November 2024 and 31 October 2025 10. Creditors: Amounts Falling Due Within One Year Other loans Other creditors Accruals and deferred income 11. Loans An analysis of the maturity of loans is given below: Amounts falling due within one year or on demand: Other loans |
2025 £ 250 2025 £ 2,385 183,366 2,240 187,991 2025 £ 2,385 |
2024 Unrestricted £ 101 60 900 |
|---|---|---|
| 1,061 | ||
| 2024 £ 900 |
||
| 2025 £ 184,070 |
||
| 2024 £ - 183,366 4,040 |
||
| 187,406 | ||
| 2024 £ - |
Page 8
KERESTIER Notes to the Financial Statements (continued) For The Year Ended 31 October 2025
| 12. Movement in Funds Unrestricted funds General: General unrestricted fund Total funds Unrestricted funds General: General unrestricted fund Total funds |
As at 1 November 2023 £ - |
As at 1 November 2024 £ (2,552) |
Income £ 7,036 |
Expenditure £ (7,827) |
As at 31 October 2025 £ (3,343) |
|---|---|---|---|---|---|
| (2,552) | 7,036 | (7,827) | (3,343) | ||
| Prior year adjustment £ (1,729) |
Income £ 6,668 |
Expenditure £ (7,491) |
As at 31 October 2024 £ (2,552) |
||
| - | (1,729) | 6,668 | (7,491) | (2,552) |
13. Transactions with Trustees
During the year the expenses reimbursed to the trustees or paid directly to third parties were as follows:
| 2025 | 2024 |
|---|---|
| £ | £ |
14. Related Party Disclosures
There have been no related party transactions in the reoprting period which require disclosure
Page 9
KERESTIER Detailed Statement of Financial Activities For The Year Ended 31 October 2025
| INCOME AND ENDOWMENTS FROM: Investments Rental income from investment property Bank interest receivable EXPENDITURE ON: Charitable Activities: Unrestricted Grants to institutions Insurance Other office costs Bank charges Finance charge on provisions Independent examiner's fees NET EXPENDITURE |
2025 Total funds £ 7,036 - |
2024 Total funds £ 6,666 2 |
|---|---|---|
| 7,036 | 6,668 | |
| 7,036 (7,261) (255) - (61) - (250) |
6,668 (6,430) - (101) - (60) (900) |
|
| (7,827) | (7,491) | |
| (7,827) | (7,491) | |
| (791) | (823) |
Page 10