Charity number: 1163838
KROPIFKO CHARITABLE TRUST
UNAUDITED
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024

KROPIFKO CHARITABLE TRUST
CONTENTS
Page
Reference and Administrative Details of the Charity, its Trustees and Advisers
Trustees. Report
Independent Examinerfs Report
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements
8-17

KROPIFKO CHARITABLE TRUST
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 5 APRIL 2024
Trustees
Adam Kaye
Samuel Kaye
Samantha Sanson
Charity registered
number
1163838
Prlnclpal offlce
1A Downshire Hill
London
NW3 1NR
Independent Examiner
lan Saunderson FCA
BKL Audit LLP
35 Ballards Lane
London
N3 1XW
Bankers
Barclays Bank PLC
1 Churchill Plac8
London
E14 5HP
Page 1

KROPIFKO CHARITABLE TRUST
TRUSTEES. REPORT
FOR THE YEAR ENDED 5 APRIL 2024
The Trustees present their annual report together with the financial statements of the charity for the period from
6 April 2023 10 5 April 2024
Objectives and activities
a. Policies and objectives
The objectives of the charity are
11 The prevention or rellef of poverty among children and young people.,
21 To advance and promote the education of children and young people;
31 The advancement of health or the saving of lives of children and young people;
41 The relief of children and young people who are in need.
In setting objectives and planning for activities, the Trustees have given due consideration lo general guidance
published by the Charity Commission relating to public benefit, including the guidan￿ 'Public benefit.. running a
charity IPB21'.
b. Actlvltles undertaken to achleve oblectlves
The charity owns an investment property purchased in 2016. This ensures that the charity has a steady source of
income with which to achieve its objectives.
Achievements and performance
a. Key perfomiance Indlcators
Financial perfomance is measured by assessing the level of donations received and investment income
attained. The trustees are satisfied with the levels attained during the year.
b. Investment pollcy and performance
The trust has invested in a commercial and residential property from which it receives rental income.
Performance is measured by ensuring that rental yield is a reasonable rate.
Flnanclal revlew
a. Golng eoncern
After making appropriate enquiries, the Trustees have a reasonable expectation that the charity has adequate
resources lo continue in operational existence for the foreseeable future. For this reason, they continue lo adopt
the going concern basis in preparing the financial slalements. Further details regarding the adoption of the going
concern basis can be found in the accounting policies.
b. Reserves policy
The trustees aim to ensure that the charity has reserves lo match six months of property maintenance costs and
other overheads. This was largely exceeded at the year end and the trustees are continuing a program of grant
making in the next financial year
Page 2

KROPIFKO CHARITABLE TRUST
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 5 APRIL 2024
e. Prlnclpal rlsks and uncertalntles
The trustees have reviewed the principal risks that the charity faces, and are confident that the charity has plans
to deal with these risks and uncertainties.
d. Financial risk management objectives and policies
Reserves at the year end were £923,344 {2023'. £1,244,591) which included £32,65212023'. £57,540) of cash at
bank. Donations received in the year tolalled £6,700 12023.. £7,800) and investment income lotalled £108,611
12023.. £103,818). The Iruslees are pleased with this perfo￿an￿. The trustees are pleased lo have been able
to make £25,00012023'. £23,000) of grants in the year.
Structure. governance and management
a. Constitution
The charity was sel up by trust deed on 29 April 2015 and recognised by the Charity Commission on 5 October
2016.
b. Methods of appolntment or electlon of Trustees
The management of the charity is the responsibility of the Trustees who are elected and c&opted under the
tem)s of the Trust deed. New Iruslees are recommended by current Iruslees to fill skills gaps within the trustee
board. All Iruslees undergo specialist training in order lo fulfil their role.
e. Oryanlsatlonal structure and declslon-maklng pollcles
Trustee meetings are held throughout the year, with decisions being taken on the basis of a majority vote of the
trustees.
Page 3

KROPIFKO CHARITABLE TRUST
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 5 APRIL 2024
Statement of Trustees, responslbllltles
The Trustees are responsible for preparing the Trustees, Report and the financial statements in accordance with
applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting
Praclicel.
The law applicable to charities in England & Wales requires the Trustees lo prepa￿ financial statements for
each financial which give a true and fair view of the stale of affairs of the charity and of ils incoming resources
and application of resources, including ils income and expenditure, for that period. In preparing these financial
statements, the Trustees are required to..
select suitsble accounting policies and then apply them consislenuy.,
observe the methods and principles of the Charities SORP IFRS 1021.,
make judgments and accounting estimates that are reasonable and prudent.,
slate whelher applicable UK Accounting Standards IFRS 1021 have been followed, subject to any material
departures disclosed and explained in the financial statements.,
prepare the financial statements on the going con￿rn basis unless it is inappropriate lo presume that the
charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient lo show and explain
the charills transactions and disclose with reasonable accuracy at any time the financial position of the charity
and enable them to ensure that the financial ststements comply with the Charities Act 2011, the Charity
(Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for
safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of
fraud and other irregularities.
Approved by order of the members of the board of Trustees and signed on their behalf by..
kayg
Adam Kaye
Trustee
Date 0410212025
Page 4

KROPIFKO CHARITABLE TRUST
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED S APRIL 2024
Indepgndent Examingrfs Report to the TrustO9s of Kropifko Charitable Trust I'thg Charity.)
I report lo the charity Trustees on my examination of the accounts of the charity for the year ended 5 April 2024.
R&spon$ibilitigs and Basis of Report
As the Trustees of the charity you are ￿spOnSible for the preparation of the accounts in accordance with the
requirements of the Charities Act 20111'the 2011 Act'l.
I report in respect of my examination of the charills 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 14515llbl of the 2011 A¢t.
Independent Examlnels Statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the
examination giving me cause lo believe that in any material respect..
accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act,. or
the accounts do not accord with those records,. or
the accounts do not comply with the applicable requirements concerning the form and content of
accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement
that the accounts give a 'lrue and fair. view which is not a maller considered as part of an independent
examination.
I have no concerns and have come across no other matters in connection with the examination lo which
attention should be drawn in this report in order lo enable a proper understanding of the accounts to be reached.
This report is made solely lo the charills Trustees, as a body, in accordance with Part 4 of the Charities
(Accounts and Reports) Regulations 2008. My work has been undertaken so that I might slate to the charills
Trustees those matters l am required to slate lo them in an Independent Examiner's Report and for no other
purpose. To the fullest extent permilled by law, I do not accept or assume responsibility to anyone other than the
charity and the charity's Trustees as a body, for my work or for this report.
lan Saunderson FCA
BKL Audit LLP
35 Ballards Lane
London
N3 1XW
0410212025
Page 5

KROPIFKO CHARITABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED S APRIL 2024
Unrg$tricted
funds
2024
Total
funds
2024
Total
funds
2023
Notg
Income from-
Donations and legacies
Investments
6.700
108,611
6,700
108,611
7,800
103,818
Total Income
115.311
115.311
111,618
Expenditure on-
Raising funds
Charitable activities
51,230
47,878
51,230
47,878
23,327
107,483
Total expendlture
99.108
99.108
130,810
Net incomellexpenditurel before net losses on
investments
Net losses on investments
16,203
137.585)
16,203
137.585)
(19,792)
(446,923)
Net movement in funds
121,382)
121,382)
(466, 115)
Re¢onciliation of funds:
Total funds brought foNard
Net movement in funds
1,244,336
121.382)
1,244.336
121.382)
1,710,451
(466, 7 15)
Total funds carried forward
1,222.954
1,222.954
1.244,336
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 8 to 17 fomi part of these financial statements.
Page 6

KROPIFKO CHARITABLE TRUST
BALANCE SHEET
AS AT 5 APRIL 2024
2024
2023
Notg
Fixed assets
Investment property
1,501,585
1.201,585
1,501.585
1,201,585
Current assets
Debtors
Cash at bank and in hand
10
43,710
32,652
42,899
57,540
76,362
100,439
Creditors.. amounts falling due within one
year
1354,9931
(57,688)
Net current liabilities l assets
(278,631)
42,757
Total net assels
1,222,954
1,244,336
Charity funds
Unrestricted funds
1,222,954
1,244,336
Total funds
1,222.954
7,244,336
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by..
kayg
Adam Kaye
Chair
Date.. 04/0212025
The notes on pages 8 to 17 form part of these financial statements.
Page 7

KROPIFKO CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED S APRIL 2024
Accounting policies
1.1 Basis of preparation of financial staternents
The financial statements have been prepared in accordance with the Charities SORP IFRS 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 IFRS 1021 leffective 1 January 20191, the Financial Reporting Standard
applicable in the UK and Republic of Ireland IFRS 1021 and the Charities Act 2011.
Kropifko Charitable Trust meets the definition of a public benefit entity under FRS 102. Assets and
liabilities are initially recognised at historical cost or transaction value unless Otherwise staled in the
relevant accounting policy.
1.2 Going concern
The charity has minimal fixed costs, with the main source of expenditure being grants made to
institutions which can be made at the discretion of the Trustees. Furthermore, the charity had a
healthy cash balance and large net assets at the year end. The charity has nel current liabilities at 31
March 2024 amounting to £278.631 and relies on funding from related companies amounting to
£331,619 as sel out in Note 14.
The accounts have therefore been prepared on a going COn￿M basis.
1.3 Income
All income is recognised once the charity has entillemenl to the income, il is probable that the income
will be received and the amount of income re￿1vable can be measured reliably.
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is
recognised al the time of the donation.
1.4 Expenditure
Expenditure is recognised once there is a legal or conslruclive obligation lo transfer economic benefit
lo a third party, il is probable that a transfer of economic benefits will be required in settlement and
the amount of the obligation can be measured reliably.
Expenditure on raising funds includes all expenditure incurred by the charity lo raise funds for its
charitsble purposes and includes costs of all fundraising activities events and non-charitsble trading.
Expenditure on charitatile activities is incurred on directly undertaking the activities which further the
charity's objectives, as well as any associated support costs.
Grants payable are charged in the year when the offer is made except in those cases where the offer
is conditional, such grants being recognised 8s expenditure when the conditions attaching are
fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a
commitment, but not accrued as expenditure.
1.5 Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured
reliably by the charity,. this is normally upon notification of the interest paid or payable by the institution
with whom the funds are deposited.
Page 8

KROPIFKO CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED S APRIL 2024
Accounting policies Icontinugd)
1.6 Invgstmgnts
Fixed asset investments are a form of financial instrument and are initially recognised at their
Iransartion cost and subsequently measured at fair value at the Balance Sheet date, unless the value
cannot be measured reliably in which case it is measured at cost less impairment. Investment gains
and losses, whether realised or unrealised, are combined and presented as 'GainsllLossesl on
investments, in the Statement of Financial Aclivilies.
1.7 Dgbtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered.
Prepayments are valued at the amount prepaid nel of any trade discounts due.
1.8 Cash at bank and in hand
Cash at bank and in hand includes cash and short-temi highly liquid investments with a short maturity
of three months or less from the date of acquisition or opening of the deposit or similar account.
1.9 Liabilitigs and provisions
Liabilities are recognised when there is an obligation at the Balance Sheet dale as a result of a past
event, il is probable that a transfer of economic benefit will be required in settlement, and the amount
of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the charity anticipates it wll pay lo sellle the debt or the
amount it has received as advanced payments for the goods or ServI￿S it must provide.
1.10 Fund accounting
General funds are unrestricted funds which are available for use al the discretion of the Trustees in
furtherance of the general objectives of the charity and which have not been designated for other
purposes.
Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular
purposes. The aim and use of each designated fund is sel out in the notes to the financial
statements.
Investment income, gains and losses are allocated to the appropriate fund.
Page 9

KROPIFKO CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED S APRIL 2024
In¢omg from donations and 1gga¢i9S
Unrgstricted
funds
2024
Total
funds
2024
Donated services
6,700
6.700
Unrestricted
funds
2023
Total
funds
2023
Donated services
7,800
7,800
Investment Income
Unrestrlcted
funds
2024
Total
funds
2024
Rent81 income
Bank interest re￿1vable
108,360
251
108.360
251
108,611
108.611
Unrestricted
funds
2023
Total
funds
2023
Rental income
Bank interest receivable
102,928
890
102,928
890
103,818
103,818
Page 10

KROPIFKO CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED S APRIL 2024
Invgstmgnt managgmgnt costs
Unrgstricted
funds
2024
Total
funds
2024
Property costs
Property management fees
44,530
6,700
44.530
6.700
51,230
51.230
Unrestricted
funds
2023
Total
funds
2023
Property costs
Refurbishment costs
Property management fees
14,667
260
14,667
260
8,400
8,400
23,327
23,327
Analysis of grants
Grants to
Institutions
2024
Total
funds
2024
Advancing the welfare of young people
25,000
25.000
Grants lo
Institutions
2023
Total
funds
2023
Advancing the welfare of young people
23,000
23,000
Page11

KROPIFKO CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED S APRIL 2024
Analysis of grants (Continued)
The charity has made the following material grants lo institutions during the year:
2024
2023
Name of institution
Grief Encounter
Chai Cancer Care
Hatzola
10,000
10,000
5,000
10,000
8,000
Wesl London Synagogue
5,000
Total
25,000
23,000
Analysis of expenditure by activities
Grant
funding of
activities
2024
Support
osts
2024
Total
funds
2024
Advancing the welfare of young people
25,000
22,878
47.878
Grant
funding ol
activities
2023
Support
costs
2023
Total
funds
2023
Advancing the welfare of young people
23,000
84,483
707,483
Page 12

KROPIFKO CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED S APRIL 2024
Analysis of expgnditure by a¢tivitig$ Icontinugd)
Analysis of support costs
Advancing
the welfare
of young
people
2024
Total
funds
2024
Accommodation
Subscriptions
Non-recoverable VAT
4,500
331
21,413
13,7561
390
4.500
331
21,413
{3,756)
390
Legal
Governance costs
22,878
22,878
Advancing
the welfare
of young
people
2023
Total
funds
2023
Accommodation
Subscriptions
Repairs and Maintenance
Non-recoverable VAT
Legal
Governance costs
22,930
312
7,224
40,155
12,762
1, 100
22,930
312
1,224
40,755
12,762
1, 100
84,483
84,483
Independent Examinerfs remuneration
2024
2023
Fees payable to the charitys independent examiner for the independent
examination and preparation of the charills annual accounts
1,440
I,ioo
Page 13

KROPIFKO CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED S APRIL 2024
Trustg9s' rgmungration and oXPgn$e$
During the year, no Trustees received any remuneration or other benefits (2023- £NIL)-
During the year, no Trustee expenses have been incurred (2023- £NIL).
Investment property
Freehold
Investment
property
Valuation
Al 6 April 2023
Additions
1,201.585
337,585
137,585)
Revaluations
Al 5 April 2024
1,501.585
The 2024 valuations were made by the trustees, on an open market value for existing use basis. The
trustees have considered the market value of the property and assessed that a reduction in value was
required.
10. Debtors
2024
2023
Due wlthln one year
Prepayments 8nd accrued income
43,710
42,899
43,710
42,899
11. Creditors: Amounts falling due within one year
2024
2023
Trade creditors
11,567
4,307
331,619
7,500
46,774
12
Other taxation and social security
Other creditors
Accruals and deferred income
69
10,833
354,993
57,688
Page 14

KROPIFKO CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED S APRIL 2024
12.
Statement of funds
Statgmgnt of funds - current yoar
Balancg at 6
April 2023
Transfgrs
inlout
Gainsl Balan¢9 at 5
(Losses)
April 2024
Income Expenditure
Unrestrlcted
funds
Designatgd
funds
Designated
Funds- all funds
1.201.585
337.585
{37,5851
1,501.585
General funds
General Funds-
all funds
42.751
115.311
(99,1081
(337.585)
{278.631)
Total
Unrestricted
funds
1,244,336
115,311
(99,1081
{37,5851
1,222.954
Designated funds are funds held by the trustees as an investment property with the objective of
generating an income stream for the charity.
Page 15

KROPIFKO CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED S APRIL 2024
12.
Statement of funds Icontinugd)
Statgmgnt of funds - prior year
BalanGe at
6 April 2022
Transfers
in/oul
G8ins/
Balance al
(Losses) 5 April 2023
Income Expenditure
Unrestrlcted
funds
Designatgd
funds
Designated
Funds- all funds
1,196,223
452,285
(446,923)
1,201,585
General funds
General Funds-
all funds
514,228
117,678
(130,810)
f452.285)
42,751
Total
Unrestricted
funds
1, 710,451
111,618
{130,8f O)
(446,923)
1.244,336
13.
Analysis of ngt assgts betwogn funds
Analysis of ngt assots bgtwggn funds - ¢urr9nt Pgriod
Unrestricted
funds
2024
Total
funds
2024
Investment property
Current assets
1,501,585
76,362
1354,993}
1,501,585
76.362
(354.993)
Creditors due within one year
Total
1,222,954
1,222,954
Page 16

KROPIFKO CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED S APRIL 2024
13.
Analysis of not a$$ots bgtwggn funds lcontinugdl
Analysis of not assots betW90n funds - prior period
Unreslri¢ted
funds
2023
Total
funds
2023
Investment property
Current assets
Creditors due within one year
1,201,585
100,439
(57,688)
1,201,585
100,439
(57,688)
Total
1,244,336
1,244,336
14. Related party transactions
The trustees provide professional property management setvices through their company free of charge.
This is included in the accounts as donated services and property management fees of £6,700 {2023'.
£7,800).
Al the year end, there is a balance of £275,972 owed lo Kropifko Properties Limited, a Company to which
the Trustees are directors. which consists of construction costs paid on the charity's behalf.
Al the year end. there is a balance of £55,647 owed to Proper Proper T Limited, a Company to which a
Trustee is a director, which consists of construction costs paid on the charills behalf.
Page 17