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: 1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or 2. the accounts do not accord with those records; or 3. 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