REGISTERED COMPANY NUMBER: 09550385 (England and Wales) REGISTERED CHARITY NUMBEL" 1163312 Report of the TNstaes and Unaudited Financial Ststements for the Year Ended 31 M•y 2025 JEG TRUS[ LIMtrED Melinek Fine LLP Chartered Accountants rst Floor, Winston Hi)u 349 Regents Park Road London N3 IDH
JEG TRusf LIMrtED Contents of the FiTrancial Statements FOR THE YEAR ENDED 31 MAY 2025 Report of the Trustees I to 2 Independent Examinerfs Report statement of Financial Acdvities Balance Sheet 5 to 6 Cash Flow Statement Notss to the Cash Flow Statement Notss to the FIMnclal Ststements 9 to 12
JEG TRUST LIMITED (REGISTERED NUMBER: 09550385) Report of the Trustees FOR THE YEAR ENDED 31 MAY 2025 The tnjstees who are also directors of the charity for the purwses of the Companies Art 20C6, present their rerth wrth the finanaal ststements of drity for the year erKled 31 May 2025. Tr trustees have adopted the provisions of Accounting a1 Reporknng by Chartties.. Statement of Recornmended Practi applicable to charities preparing their accounts in accordan with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS I02) (effertwe l January 2019). OB)ECtIVES AND AcfivmES Charitsble objectives JEG Trust 'MIted is eabli5hed as a charitable organisation wfth the principal aim of supporbng the relief of tx)verty and the advanment of the Jewish religion. These objecbves a ad)ed by providlng financlal aSStan to organlsatlons that operate in alignment with the charitys objectives To meet its charitable airns, the charty primarily distributes funds in the form of grants and donations to sewed Jewish d)arities and related causes. Each fijnding decision is subjert to appropriate due diligen and revEw to ensure alignment wth the tharitys obiethes and the intended public benefft. Public benefft The trystees confimi that they have had due regard to the Charfty Commlssion's guidan (x) publlc benefit, particularfy s general guidan, in shaping the charivs g(rdtegic direciKn and operational grant-rnaknng actiwties during the year under review. STRATEGIC REPORT Financial po$ltlon Totsl incoming resour for the year were £672,27912024'. £750,866). primarily comprised of voluntsry donations and gift aid. Total eX[1lre was £608,363 (2024: £718,592}, including £606,402 in charitable grants and £1,961 In suppjrt and govemarKe costs. At the year end, the Trust held unrestricted funds of £210,210 (2024: £146,294). Principal funding sou The prinapal funding soutres of the chathty are vduntsry donations. RegeThes polky The tsu5tees have been able, and continue to able, to meet the trust's liabilrts as they fdll due and they also hold sufficyent funds which are unstriCted and available fcf use to meet the charity's objectives. Therefore, at present, the trustees do not conser it necessary to have a speofic re5erve5 poIKy. Future development The trustees remaln committed to the continued SUPPDrt of charitsble inrtiatives that align tti the charivs objectives. Gclng fomard, they will continue to app rigorous suubny to all grant applications to ensure that fvI$ are distributed effectively. ressxM)siblyF a1 in accordan with the ¢hariVs charitable objective5. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing docwment The tharity is controlled by its goveming document, a deed of trust, aTrJ constitutes a limite(I cornpanyi limrted ty guatantee, as defined by the Companies Att 2CK)6. The charity is con5tibJted a5 a company limed by guafftntee atKJ as Such, its goveming doojments are its Memorandum and AJtKJes of Assouation and was incorporated on the 20th April 2015. Rlsk management The trustees ore of the opSnion that there are no Mal' risks to which the charty is exposed. REFERENCE AND ADMINIsfRATIVE DEfAILS Registered Company number 09550385 (England a1 Wales) Registered ChJrity number 1163312 Page I
JEG TRUST UMrrED {REGIsfERED NUMBEIL" 09550385} Report of the Trnstees FOR THE YEAR ENDED 31 MAY 2025 Régistered offic* Fitst Roor, Winston House 349 Regents Park Road London N3 IDH Mrj Guryrts Mrs E GuNits Mrs Y Davis Independent Examiner Aryeh Melinek FCA Melinek Fine LLP Chartered Accountsnts Fkr5t Floor, Winston House 349 Regents Path Road London N3 IDH Report of the trustee directors, on .....J.&.. rporating a strategic rert, approved by order of the board of trustees, as the company . aThJ slgned on the board's behalf by: Mrs uNits- Trustee Page 2
Independent Examinerfs Repurt to the Trustee$of JEG Trust Llmlted (Reglstered number: 09550385) Indepèndent examln•rfs reportto thetNstees of JEG Trust Llmlted ('the Company.) I report to the charfty trustee5 on my examlnatbn of the accounts of Ihe Company for the year end 31 May 2025. Réyponslbilltles and 81$ of report As the charfty's trustees of the Company land also Its dlrectors for the purposes of company law) you are responsible for the preparation of the &counts in acLtrdantr with the rw4uTefnents of the Companles Att 2(K16 (kne 2006 Pd). Havln9 satpsfied myself that the accounts of the Company are n( requ[ to be audited under Part 16 of the 2006 Att and are el1g1b frjr Independent erdmlnation, I report In respect of my examlnatron of your (harf$ accounts as carrted out under Secuon 145 of the Charitles Art 2011 (the 2011 A(£l. tn carrylng out my examlnation I have followed the Dlrectlons glven by the Charity Common under Se¢tlon 145(5) (b) of the 2011 Att. Independent examlnoVs statemnt Slnce your charlty's gross Income eXcee(d £250,000 your examlner must be a member of a Ilsted body. l tan confirni that L am quallfled to undertake the examlnatlon because I Jm a member of the Institute of Chartered AcmLntsnts In England and Wales, whlch Is one of the Ilsted bcxlles. I have completed my examlnlDn. I confirm that no matters have come to my attentlon In connectknn w5th the examlnation gfvlng cause to belleve: accounting records were not kept In respeLt of Ccanpany as required by Settlon 386 of the 2006 A(¢. or the accounts do not accord wlth those record5; or the accounts do not compty wilh the accounting requlrements of Sethon 396 of the 2(MJ6 Act other than anv requlrement that thè a¢¢ounts give a trye and falr vlew whlch Is not a matter conldered as part of an Independent examlnaUon,' or the accounts have not been prepared In accordano with thè methods and prlnclples of the Ststement of Recommended ItaCti for attountlng and reJx>rdng by d)arle5 (applicable to charities preparlng thelr aimunts In accordano wlth the Rnandal Reporting Standard applloble In the UK and Republic of freland (FRS 102)). I have no conm$ and have come across other matters In connectFon wlth the eXamInaOn to whlch attenOn should be drawn In thls report In ordeT to enable a proFer understanding of the accouTts to L* reached. Aryeh Mellnek FCA Melinek Flne LLP thartered Acwuntsnts fl15t Floor, Wlnston Hi)use 349 Regents Park Road London N3 IDH Page 3
JEG TRUST LIMED ststement of Financlal Actlvities ncory)oratlng an Income and Expenditure Account) FOR THE YEAR ENDED 31 MAY 2025 2025 Unresknicted fund 2024 Total funds INCOME AND ENDOWMENTS FROM tknnatKsns and 9aCleS 672,IIN 750,341 Investment Irome 175 525 Total EXPENDtWRE OM Charitable actlvltles tknnations paid charable ath"ve$ 606,402 716,442 Totsl 718 592 NEf INCOME 63,916 32,274 RECONCILIATION OF FUNDS Totsl funds brought fOard 146,294 114.020 TOTAL FUNDS CARRIED FORWARD 210 210 146 294 The notes forrn part of these financial statements Page 4
JEG TRUST LIMrrED (REGIsfERED NUMBER: 09550385) Bèlance Sheet 31 MAY 2025 2025 Unrestricted fund 2024 Totsl funds Notes FIXED ASSETS Investment propety 31,850 31,850 CURRENT ASSETS Debtors Cath at bank 20,500 25,000 112 311 191,227 137,311 CREDrroRS Amounts falling due wthin one year io {11,200} (11,200) NET CURRE1 ASSEtS 126 111 TOTAL ASSETS LESS CURRENT LIABILITIES 211.877 157,961 CREDThORS Amounts falling due after MO than year li (1,6671 (11.667) NET ASSErs 210 210 146 294 FUNDS Unrestrirted funds 210 210 TOTAL FUNDS 210 210 The charitable company is entitted to exemptj'on from ajr( uThJer Section 477 of the Companies Att 2006 for the year ended 31 May 2025. The members have not required the company to obtain an audit crf its financial ststeMts for the year ended 31 May 2025 in accordan wrth Seth"on 476 of the Companles Art 2006. The trustees a(knowledge their responsibilities for {a) ensuring that tJ)e d)aritable company keeps accounting recor(Js that comply with Sections 386 and 387 of the Companie5 Att 2CK)6 and preparing financial ststements whith gwe a true and fair view of the stste of affairs of the charitable company as at the end of eath finanoal year and of its surplus or deficrt for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply Trmth the requirements of the Companies Act 20C6 relating to finanoal statements, so far as applicable to the CharItsb company. {b) The nanaal ststemen were approved by the Board of Trustses and authorised for Issue on and were signed ¢)n its behalf by: The notes fo part of these financial statements continued...
JEG TRusf LIMrrED {REGISTERED NUMBER: 09550385) Balance Sheet- contlnued 31 MAY 2025 E Gurvits- Trustee The notes fomi part of these financial statements Page 6
JEG TRusf UMttED Cash Flow Statement FOR THE YEAR ENDED 31 MAY 2025 2025 2024 )tes Cash flows frryn operating activities Cash gene>7ted from operations 103 916 Net cash provided by opeTrting aLtNths 103 916 Gish floT&VS from financing artivities Loan repayments in year W cash used In financing actItieS io 000) Change in o5h and cash equivalents in the reportlng period Cash and cash equivalents at the beglnning of the re1ing period 58,416 93,916 112 311 Cash and wh equlvalents at the end of tho reportlng period 112 311 The notes form of these financial statements Page 7
JEG TRUST LIMITED Notes to the Cash How Statement FOR THE YEAR ENDED 31 MAY 2025 RECONCIUATION OF NEf INCOME TO NET CASH FLOW FROM OPERATING ACtIvrtIES 2025 2024 Net income for the weporting period (as per the Ststement of Flnandal Actlvltles) Adjustments for: Decrease in debtors 63,916 32,274 Met cash provlded by operatlons 103 916 ANALYSIS OF CHANGES IN NET FUNDS At 1.6.24 Cash fk)w At 31.5.25 Net cash Cash at bank 112 311 170 727 112 311 tkbts falling due within l year Debts falling due after l year {io,000) (10,0001 116671 T¢)tal The notes fomi Fort of the* fin8jaI statsments Page 8
JEG TRUST LIMITED Notes to the Financial Ststements FOR THE YEAR ENDED 31 MAY 2025 ACCOUNTING POUCIES Basis of preparing the linanaal statements The financial ststements of tl* charitstle company, which Is a publlc benefft entity under FRS 102, have been prepa accordan with the CharitEs SORP IFRS 102) 'AccountirrfJ and Reporting by Charities.. Statement of Recommended Practice appllcabse to charitres preparing their accounts in accordan with Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effertive l January 2019)., Financkl Reporting Stsndard 102 The Flnancial Reporting Stsndard appliCae in the UK and Republic of Ireland, and the Companies Act 2006. The financkil ststements have been prepad uThJer the hi5torKal cost convention. Income l income is reccgnised in the Statement of Financial Activities ono the charity has entidement to the funds. it is probable that the income will received and the amount can be measured reliably. For donations and legaues, entitlement 15 the earlier of drity Ing notified of an impending distribution the donation or legacy beir¥J received. Expenditure abilities a rec(xJnised as expkTKliture as soon as there is a legal or constructive obligati¢)n committing the charity to that expenditure, it is probable that a transfer of econom benefits will i required in setdement and the amount of the obligation can be meagjred relhabty. Expenditure is accounted for on an accruals basis and has been dassified under heading5 that aggregate all cost related to the categ(ry. Where costs canrH)t directly attributed to partiojlar headings tw have been alkthted to activibes on a basis consistent with the use of resour. Grants offered subject to coTrJition5 which have not been met at the year end date are n¢)ted a5 a commitment but not accrued as exeIlture. Allocation and apportlonment of costs SupFK)rt Costs have been allocated to governan costs and comprf5e costs involwrKJ the public accountabllty of the charity and rts Complian with regulatK)ns. Governance costs Fhlve been all¢xated to dcnatlons pald under charble actiVIeS. Investment propaty Investrnent propety is shown at rent valuation. Any aggregat2 Surplus or defiat arising from change5 in fair value is recognised in the Statement of Finanaal Acb"vitÈs. Taxatlon The charity Is exempt from corp)ratK)n tax on its chaiiiable activibe5. Fund accounting I furKJs are unre5tntted and can be used In acCan wlth the charftable objectives at the discrets'r of the trnstees, Going concern The accounts have tEen prepared on the golrvj conttm basis. The trustees consider that there are no material urKertainb'es regarding the charitys ability to conty.nue in operats.onal existen for the foreseeab fLsbJre, wh is deemed to be 12 months from the date of approval of the financkil ststements. Page 9 ccrf)tinued...
JEG TRUST UMrrED Notes to the Flnancial Ststements- continued FOR ThE YEAR ENDED 31 MAY 2025 DONATIONS AND LEGACIES 2025 2024 [natiOnS Gift aid 651,501 723,606 750 341 INVESTMENT INCOME 2025 2024 Rents reNed 175 525 CHARrrABLt ACTIVMES COSTS Grant fijnding of activities (see note Jpport Costs (see note 6) 5) Totsls Donations paKI CharitrNe activrties 606,402 606.402 GRANTS PAYABLE 2025 2024 DonatK)ns paid tnationS and gtBnts comprlse amounts paid to instibjbons in accordan with the thaiity's objects. All donatlons were paid direthy from the charsty to the institutions, as ftAIows.' Name of charitable or9anisatlon Total don•tion {É) Aniyei Hadam Trust The Rehabiltstion Trust Keren Habinyan Limited Bafth Lirnud Vchesed Mercaz Chasidei Wizntt Trust Mrfal Hachesed Vehattdoko Ken Yedidei Bels Viznitz Ltd Chana Charty Ltd Chasdei Sholom Chasdei Dov Trust Menorah Foundation Torah (5759) rned Hasmnean Communty coeM LoThJon Care All .rnited SuprK)rt The Charty Worker Kupath Gemath Chaim Bechesed Viznits Twst Ateres Bels Yaakov Ltd Torah Family Support Network Ltd Bels Yaakov Primary Schcd F(ndatiOn Edgware Yeshiva North London Welfare and Educational Foundation 87,500 70,000 65,0 53,OCX) 40,720 40,C0 25,000 22,700 20,1M) 20,LYJO 11,925 11,700 10,933 10,833 10,000 io,o(x) io,o(xJ 9,100 8,750 6,000 5,820 Page 10 continued..,
JEG TRUST UMrrED Notes to the Financlal Ststements- continued FOR THE YEAR ENDED 31 MAY 2025 GRANTS PAYABLE - continued Wst Charity Ltd Mercaz Hat0h Netrach Yisroel Hattola Northwest Trust HigherTalrnLNJical Educatlon Ltd Other smaller donats.ons 5,400 4,2LKI 3,6(X) 2,5(X) 32,721 Total 606,402 SUPPORT cosrs Govemance Finarte Totals aritabie artwiti.es 529 TRusfEES' REMUNERATION AND BENEFrrs There We no trustees, remuneratk)n or other for the year ended 31 May 2025 nor for the year ended 31 May 2024. Tru5tees' expenses There were no trustees. expenses pald for the year ended 31 May 2025 nor for the year ended 31 May 2024. INVEStmE1 PROPERTY FAIR VALUE At l June 2024 and 31 May 2025 NET BOOK VALUE At 31 May 2025 At 31 May 2024 DEBTORS: AMOUNTS FALLING DUE wrrMIN ONE YEAR 2025 2024 other debtors Page 11 continued...
JEG TRusf UMITED Notes to the Flnandal Statements - continued FOR THE YEAR ENDED 31 MAY 2025 10. CREDrroRS: AMOUNTS FALLING DUE WrnIIN ONE YEAR 2025 2024 Bank loans and overdrafts (see note 12) AccDJals and deferred income 10,000 10,000 11. CREDITORS: AMOUNTS FALLING DUE AFtER MORE THAN ONE YEAR 2025 2024 8ank Icéns (see note 12) 12. LOANS An analysis of the maturity of bans is gwen telow: 2025 2024 Amounts falling due within one year on demand.. Bank loans Amunts falling befften one and years: Bank loans - 1-2 years Amounts falling due ttheen two and five yeats: Bank loans- 2-5 years 13. RELATED PARTY DISCLOSURES There ¥%Ere no rdated paty trans*im5 ftsr the year ended 31 May 2025. Page 12