Charity registration number 1160542 (England and Wales)
THE PAH FAMILY CHARITABLE TRUST
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025

THE PAH FAMILY CHARITABLE TRUST
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
P Hodari
A Hodari
W Littman
Charity number
1160542
Principal address
15 Camarvon Street
Manchester
M31EZ
Independent examiner
Lopian Gross Bamett & Co
Chartered Accountants
1 st Floor, Cloister House
Riverside
New Bailey Street
Manchester
M3 5FS

THE PAH FAMILY CHARITABLE TRUST
CONTENTS
Page
TnJstees' report
Independent examineffs report
Statement of financial activities
Balance sheet
Notes to the financial statements
6-12

THE PAH FAMILY CHARITABLE TRUST
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 JULY 2025
The trustees present their annual report and financial statements for the year ended 31 July 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 trust's Deed of Trust, the Charities Act 2011 and -Accounting and
Reporting by Charities= Statement of Recommended Practi￿ applicable to charities preparing their aGGounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102)- (as
amended for accounting periods commencing from 1 January 2016).
Objectives and activities
The trust's objects are to make donations to registered charities al the discretion of the trustees lo benefit the
general public. The policies adopted in furtheran￿ of these objects are that no charity trustee or connected
person may..
a) buy or receive goods or ServI￿S from the charity on terms preferential to those applicable to other members of
the public.,
b) sell goods or services or any interest in land to the charity-
c) be employed by or receive any remuneration from the charity.
d} receive any olher financial benefit from the charity unless the payment is permitted under specific provisions
as noted in the Trust Deed, or aulhorised by the court or by the Charity Commission.
There has been no change in these during the year.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the
trust should undertake.
Activities
The charity owns three properties: 95 High Street and 24126 King Street and 30b Deansgate Lane that were
financed by specific donations re￿ived. In 2024. the charity purchased a fourth property, 16-18 Lloyd Street,
which has been financed by a bank loan.
The aim of the charity is to manage these properties, and any other properties that the charity might receive, and
use the rents received to make charitable donations as previously noted.
In 2020 the charity also received by donation an interest in the share capital of Pilot Group Limited, a company
that is incorporated in England and Wales that is connected to certain trustees, so the charity can receive
investment income to further its charitable aims.
Any surplus of funds that are held at the charitys accounting period end of 31 July shall be carried forward to be
available for distribution in the next accounting period.
Achievements and perfonnance
During the year the charity received charitable donations of £25,776 (2024- £202,016).
During the year the charity received income of £126,301 (2024 - £75,163) from the investment properties held,
and £17,630 {2024- £23,507) from the fixed asset investment held.
The charity made charitable donations during the period. totalling £60.19612024'. £146,457).

THE PAH FAMILY CHARITABLE TRUST
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
Flnanclal r•vl•w
The trustees ar• ￿ MtIBfied ￿th the level ol ch8rlloble aclfvlll88 Ih•t they h8V8 8chlaved to dat8. 11 Is
extremety fftilng that the t￿rIty18 •lr88dy oporollng on 8 81rong fin8nc181 footlng whèrè the charty can r8ty on
the 8t￿re incx)m8 8tro•m promded by the Inve8lmeDI propertl88 held, 8nd 8180 on the Inffttmefrt In
Inym I￿ fix•d 8ii•t InvMlmonl hthl.
As • •lr••dy provkJ•d • publ￿ ben•flt by donknns m8d8 to dats. and the trust￿ IM
Ih•l IN8 03ntlrnM In lh• fiJlur•.
biJsl888 hm 888•Med Ihe major rlsks to *thlch tho tiu¥t l• expomd. and arn ￿t￿￿ed trot w•
c* lo mtyate Oxpowrft lo the major r18k8.
SbiKIuv•. 9ov•rn•nu and m•n•9•m•nt
The trust was established by a charitable Irust deed on 3 Fobru8ry 2015.
The tru8tO08 w￿d dwlng tho year and up to the dal8 of 8ignalur8 of the fin8n¢lal 8t8toment•
P Ho(18ri
W Llitrnan
Thorn bo at ￿t three trustees al all tlTh8.
In selecting indmduals for apwintment as tru$l8e$. the truste88 mu81 have regard to the skms. kw•. and
exponw￿ n88d8d for the eff9Ctlve adminlstration of the chaty.
Tho Irusteos must keep a reoxd of the name and 8ddrn88 and the date of appolntrnont. wppointh￿nt and
rots'rem•nl of 88ch trustfjo.
Th8 truoto8s rnust mak8 available to each new truste8. on his or her first appointment:
a) • (£rf>y 0ftr￿ da8d and any amendments mad8 to it.
b) • Lx)py (*wtys18te81 report and Ststemonl of accounts.
Organlutlon•l •tructur•
The charty is under the contrd of the Hodarf famlly who constllute two out of the ch8nVs thrn• trust•
The d8y40• ruMtryJ of th6 Fettlng portlollo, fixed 88881 Inv88tment 8rKI the prepttrall￿ ot ts accijx
are managed by two indivKlua18 who are employed by companies under the control of the Hodari 18m*y. 7th it
i• fdt th•t thoy hove the noCe8•8ry exp8rianc8 8nd comp8lenca to fulfil thelr rolo8.
to valk￿8 d)arttabl• cau•es are mada al the dI8crn￿0n of Iho tru8te08 wlth rogwd to i
tho year the c4Nwny focèived donatloni of ¢a8h from companle8 that are under Iho conird of cortawi
8t6M' report wa• apwov•d by tha 8oard of Tru8te•8.
Hodarl
Trustee
1811212025
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THE PAH FAMILY CHARITABLE TRUST
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THE PAH FAMILY CHARITABLE TRUST
I report to the trustees on my examination of the financial statements of The PAH Family Charitable Trust (the
trust) for the year ended 31 July 2025.
Responsibilities and basis of report
As the trustees of the trust 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 tTUSt's financial ststements 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{51(b} of the Charities Act 2011.
Independent examiner's statement
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:
accounting records were not kept in respect of the trust as required by section 130 of the Charities Act
2011.
the financial statements do not accord with those records" or
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 cOn￿mS 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.
J Brodie ACA
Lopian Gross Barnett & Co
1 st Floor, Cloister House
Riverside
New Bailey Street
Manchester
M3 5FS
Dated:
1811212025

THE PAH FAMILY CHARITABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 JULY 2025
Unrestricted
funds
2025
Unrestricted
funds
2024
Notes
Income from:
Donations and legacies
Investments
25,776
144,195
202,016
99,572
Total income
169,971
301,588
Expenditure on:
Raising funds
Charitable activities
Other expenditure
5,415
60,196
51,466
18,588
146,457
37,925
10
Total expenditure
117,077
202,970
Net income and movement in funds
52.894
98,618
Reconciliation of funds:
Fund balances at 1 August 2024
1,127.659
1.029,041
Fund balances at 31 July 2025
1,180.553
1.127,659
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure
derive from continuing activities.

THE PAH FAMILY CHARITABLE TRUST
BALANCE SHEET
AS AT31 JULY2025
2028
2024
Nol••
12
13
1.843,271
15,552
1.843.271
15,S52
1,6S8,823
1.858,8rJ
14
11,467
80,877
13.820
24,174
78,344
CTrd#aTr: •mount• hlllng du• ¥Athln
16
(34,264)
{30.￿n
44,080
T<*al •s••ts1•18 l￿bIll￿•S
1.702.903
1.865.910
17
(522,350)
($38251)
1,180,553
1,127.659
Th• funth of th• tNsl
18
1,180,553
1.127.859
1.180.553
1.127.
1811212025
' •tat•moth wore opproved by the tru8t088 on .........................
P l Hodwi
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THE PAH FAMILY CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
Accounting policies
Charity information
The PAH Family Charitable Trust is a registered charity, number 1160542, and is constituted under a trust
deed dated 3 February 2015.
1.1 Accounting convention
The accounts have been prepared in accordance with the trust's deed. the Charities Act 2011 and
"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)- (as amended for accounting periods commencing from 1 January 2016). The
trust is a Public Benefit Entity as defined by FRS 102.
The trust has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1
not to prepare a Statement of Cash Flows.
The financial statements have departed from the Charities (Accounts and Reports} Regulations 2008 only to
the extent required to provide a true and fair view. This departure has involved following the Statement of
Recommended Practice for charities applying FRS 102 rather than the version of the Statement of
Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The financial statements are prepared in steding, which is the functional cu￿encY of the trust. Monetary
amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the
revaluation of freehold properties and to include investment properties and ￿rtain financial instruments at fair
value. The principal accounting policies adopted are set out below.
1.2 Going concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the trust
has adequate resources to conlinue in operational existence for the foreseeable future. Thus the trustees
continue to adopt the going concem basis of accounting in preparing the financial stalements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable
objectives.
Restricted funds are subject to specific (x)nditions by donors or grantors as to how they may be used. The
purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the trust.
1.4 Incoming resources
Income is recognised when the trust is legally entitled to it after any performance conditions have been mel,
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 trust 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.
Legacies are recognised on receipt or otherwise if the trust has been notified of an impending distribution, the
amount is known. and receipt is expected. If the amount is not known, the legacy is treated as a contingent
asset.

THE PAH FAMILY CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
Accounting policies
(Continued)
Rental income is recognised on the comMen￿Ment of and in accordance with a lease, with adjustments
made for any rent free periods as required by FRS102.
Dividend income is recognised as it falls due, as and when the company whose shares the trust holds issues
a dividend.
1.5 Resources expended
Expenditure is recognised once Ihere 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 aclivity. 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 belween those activities on a basis
consistent wilh 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.
The costs of generating funds which are regarding the management of the investment properties held are
recognised on an accruals basis.
1.6 Investment properties
Investment property, which is property held to eam rentals andlor 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.
Properly rented to a group entity is accounted for as tangible fixed assets.
1.7 Fixed asset investments
Fixed asset investments are initially measured at transaction price excluding transaction costs, and are
subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net
incomel(expenditure) for the year. Transaction costs are expensed as incurred.
Fixed asset investments in unlisted investments are measured at cost, as the market value of the investment
is not known.
1.8 Cash and cash equivalents
Cash and cash equivalenls include cash in hand, deposits held at call with banks, other short-temi liquid
investments with original maturities of three months or less. and bank overdrafts. Bank overdrafts are shown
within bO￿owingS in current liabilities.
1.9 Financial instruments
The trust has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 '0ther
Financial Instruments Issues. of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the trusvs balance sheet when the trust becomes party to the
contractual provisions of the instrument.
Financial assets and liabilities are offset, wrth the net amounts presented in the financial statements, when
there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net
basis or to realise the asset and settle the liability simultaneously.

THE PAH FAMILY CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
Accounting policies
(Continued)
Basic financial assets
Basic financial assets, which include debtors and cash and bank balaTr￿S, are initially measured at
transaction price including transaction costs and are subsequently carried at amortised cost using the effective
interest method unless the arrangement constitutes a financing transaction. where the transaction is
measured at the present value of the future receipts discounted at a market rate of interest. Financial assets
classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction pri￿ unless
the arrangement constitutes a financing transaction. where the debt instrument is measured at the present
value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable
within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or seNices that have been acquired in the ordinary course of
operations from suppliers. Amounts payable are dassified as current liabilities if payment is due within one
year or less. If not, they are presented as nOn-cU￿enI liabilities. Trade creditors are recognised initially at
transaction price and subsequently measured at amortised wst using the effective interest method.
DereGognition of finanGial liabilities
Financial liabilities are derecognised vthen the trust's contractual obligations expire or are discharged or
cancelled.
Critical accounting estimates and judgements
In the application of the trust's accounting policies, the trustees 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 accounling
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.
Donations and legacies
Unrestricted Unrestricted
funds
funds
2025
2023
Donations and gifts
25,776
202,016

THE PAH FAMILY CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
Investments
Unrestricted Unrestricted
funds
funds
2025
2023
Rental income
Income from unlisted investments
Interest receivable
126,301
17,630
264
75,163
23,507
902
144,195
99,572
Charitable activities
Donations Donations
made to
made to
registered registered
charities
harities
2025
2024
Donations made to registered charities
60,196
146,457
Support costs allocated to activities
2025
2024
Rent and Rates
Light and Heat
Propety repairs
Premises insurance
3,068
959
1,584
(196)
2,086
986
14,364
1,152
5.415
18,588
Analysed between:
Fundraising
5.415
18,588
Net movement in funds
2025
2024
The net movement in funds is stated after chargingl(crediting):
Fees payable for the independent examination of the charity's financial
statements
900
900

THE PAH FAMILY CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
Trustees
None of the trustees (or any persons connected with them) received any remuneration during the year.
Employees
The average monthly number of employees during the year was:
2025
Number
2024
Number
Total
There were no employees whose annual remuneration was more than £60,000.
10 Other expenditure
Unrestricted Unrestricted
funds
funds
2025
2024
Accountancy fees
Professional fees
Bank charges and interest
Financing costs
900
9.651
40.915
1,298
9,498
21,129
6,000
51,466
37,925
11 Taxation
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
12 Investment property
2025
Fair value
At 1 August 2024 and 31 July 2025
1,643,271
The trust held four investment properties at the start of the accounting period. of which were purchased
during the period ended 31 July 2016, one being purchased during the period ended 31 July 2019 and one
being purchased in the year ended 31 July 2024. Works were perfomied on one of the properties as part of a
donation to the charity. The trustees consider that the market value of the properties does not differ
considerably from the total amount shown above.
10-

THE PAH FAMILY CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
13 Fixed asset investments
Unlisted
investments
Cost or valuation
At 1 August 2024 & 31 July 2025
15,552
Carrying amount
At 31 July 2025
15,552
At 31 July 2024
15,552
Fixed asset investments not carried at market value
On 14 August 2017 the charity received a donation of 15,552 ordinary shares of £1 each in Pilot Group
Limited, which is a company incorporated in England and Wales. The value of the shares received are shown
at cost in these accounts as the market value of these shares is not known and the likelihood of the company
being sold and the value of the shares being realised is remote. Pilot Group Limited is a company that is
connected to ￿rtain trustees.
14 Deblors
2025
2024
Amounts falling due within one year:
Trade debtors
Prepayments and accrued income
11,467
10,759
3,061
11.467
13,820
15 Loans and overdrafts
2025
2024
Bank loans
537.409
551,953
Payable within one year
Payable after one year
15.059
522,350
13,702
538,251
11

THE PAH FAMILY CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
16 Creditors: amounts falling due within one year
2025
2024
Notes
Bank loans
Other taxation and social security
Trade creditors
Other creditors
Accruals and deferred income
15
15,059
1,361
15
6,092
11,737
13,702
1,704
3,764
11,737
34,264
30,907
17 Creditors: amounts falling due after more than one year
2025
2024
Notes
Bank loans
15
522,350
538,251
18 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 unreslricted funds by the trustees for specific purposes.
At 1 August
2024
Incoming
resources
Resources
expended
At 31 July
2025
General funds
1,127.659
169,971
(117,077)
1,180,553
Previous year:
At 1 August
2023
Incoming
resources
Resources
expended
At 31 July
2024
General funds
1,029.041
301,588
(202,970)
1,127,659
19 Related party transactions
During the year donations of £25,776 (2024-£26,976) and dividends of £17,63012024-£23,507) were received
from Pilot Group Limited, a company in whiGh the charity owns shares in.
12-