Charlty numbor. 1163890 BOB AND MICHELLE SHEMTOB CHARITABLE TRUST UNAUDrrED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DecEMBER 2020
BOB AND MICHELLE SHEMTOB CHARITABLE TRUST coKrEPfft8 Page Rof•r•nco and AdmlnlFtratlv• tlotalls of th• Charlty. its Tru•t•88 and Advla•v• Indwndont Examln•rf• Roport 81•t•m•nt ol Finncll Actfvhl Balanc• 8h••t Not0• to th• Fln•nclal Statom•nt• 7-14
BOB AND MICHELLE SHEMTOB CHARrrABLE TRUST REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARrrY, TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2026 R A Shemtob. Trustso Shemtob, Trustee K Shemtob. Tru8tee L Kalms. Trustse S Nagll, TnJ8tee Charlty rogl•t•r•d ThUmr 1163890 Prlnelpal offlc• Apartment 54 60 St John'8 Wood Road London NW8 7HN A¢¢ounlants Soph8r+ Co LLP Chartered Accountants 5 E161r8e Gate Elstre& Way Borehamwood Hortford8hire W06 IJD Page 1
80B AND MICHELLE SHEMTOB CHARITABLE TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 The Trustees present their annual report toyelher with the financial ststemen18 of the Bob and Michellg Shemtob Charitable Trust for the year ended 31 t)ecember 2025. Obj•ctivM and activltl88 . Pollcl•• and obJ•¢tlvo• In setting objectlve8 and planning for aCtfv8$, the Tru8lees have given due con8ider8tlon to general guidance published by the Charity Commission relating to publi¢ b8nefrt. Thè charity8 oblectlve8 are to advance the edu¢alion and improvthnent of health through provldlng support to projects and funding research which assists people of all ages who are Suffering from any fomi of disability (wholher physical or mentall, andlor illne88. and their families, which are run Iso far as is relevant} in accordance with the tenets of th? Jewish religion and the advancement of education through supporting edutIOn on Jewish rel10n. history ond CUule. Tho trustso$ of Bob 8nd Mhelle Shemlob Charit8ble Trust have complled with the duty in 8.4 of th8 Charities Act 2011 to have due regard lo the public benefrt guid8nc8 publi$hed by the Chorty Commisslon in 8dmin8tering the Trust, In determining aGhlevements again8t the aim$ they had 8et for 2023 and in planning a¢livitle8 for 2024. Achl•v•mont• and p•rlornian . Rovl•w of actlvltl During the year tho ch8rlty donated amounts totalliryj £44,00012024- £41,755} to institution8. FlnAnclal r•vl•w . Golng ¢oncorn After maklng 8ppropdate enquirl88. the Tru8ts0s have a reasonable expectslion th81 the Charity has adequ8ts resources lo ¢onlinue in operational existence for the foreseeable fuluTe. For this rea50n, they continue lo adopt th8 going eoncem bo$i8 in preparing tha financi81 stataments. Further detai18 regarding the adoptKn of the going concern basis can be found in Ihe accounting lIcieS. b. Re8OfV08 policy The Charity ha8 in pla¢e a reseNes policy WhebY adequate reserves are maintained tsking into account Its analysis of future needs and opportunities in its area of operation and having regard to expectab'ons of its future levds of income and expenditure. The level of re$eNes and the reseNes policy are reviewed annually by tho Trustees. At the year end th8 Charity had r95eNes of £1,339.848 (2024- £1.256,8371. struCre. govgmanc• and m•nagement a. Con•titutk>n The charity is constituled under a Deckgration of Trust ded 28 May 2015. The prin¢ipal object of the charity is to adva0 the education and Improvement of heallh which assists people of all ages who 8fe suffering from any fomi of disaknlty, andlor illnes8. and I1r familie5. wh¢ch are Nn in accordance with the tenets of the Jewssh religion. Page 2
BOB AND MICHELLE SHEIKfoB CHARITABLE TRUST TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2025 Structure• gov•manc• and managomwt l¢ontinuod) b. M•thod• of •ppolnlm•nl or •1o¢tlon of TruatO08 The management of the Charity is the resFonsibilty of the Trustees who are el8Cted and coyted under the term8 ofthfr Trust ApFKoved by order of tho mombers of the l>)ord ofTru8tee8 and gned on their bthaw by.. R A Shamtob Trustee Date.'IIIOYlioL Page 3
B08 AND MICHELLE SHEMTOB CHARrrABLE TRUST INDEPENDENT EXAMINER? REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 Indendent Examinee• Report to the Truste of Bob and Mloh•ll• 8h•mtob CharHabl• Trn•t Ilh• Charity'l I report to the charity Trusleès on my examination of the a¢¢ounts of the Charlty for the year ended 31 Decombor 2025. R•pon•lbllttl•• and B•slJ of R•port A8 the Tru8tee8 of the Charfty you aro r8sponsNI e for tha pryratw)n of the oc¢ounts in accordance wlth the requlrements of th8 Charib'es Act 2011 Ilhe 2011 ACVI. I report In re8P8Ct of my •xaminatrJn of tho Ch8rfty8 accounts carrfed out under 80¢tlon 145 of the 2011 Act and in carrying out my examinion I have followed the appllcable Dlr&tion$ given ty the Charlty Commi88M under 8eclion 145151{bl of the 2011 ACL Ind•p•nd•nt Ex•mln•f• 8tst•m8nt Your attentlon 18 drawn to tho fact that tho Charity h88 prepared th8 accounts in 8¢cordance with AGcounllng and Reporting by Charities.. Statement of Recommended Pr8ctice appli¢oble to Char88 preparing their accounts in accordance with Ihg Financ1 Reporting Standard appIable in th8 UK and Republlc of Ireland (FRS 1021 in prefergnce lo the Accounting and Rep)rtlng by Charities.. Statement of Recommended Pwlice 185ugd on 1 Aprll 2005 which 1$ referred to in the ext8nt regulation8 but ha8 begn wthdrawn. l undeTs18ftd that this hes tegn done in order for the accounts to provmde a true and f8ir vlew in accordance wllh the Generalty Accepted A¢¢ounting Pra¢li¢• offective for reporting periods teginning on or after 1 January 201 S. I have completed my examination. I confimi that matters have com• to my attention conne¢OM wlth the examin8tion gmng me c8u8g to believe that in any malerkql re8F•Ct'. a¢¢ounting records were not kept in re8pecl of the Charity 86 requlred by tion 130 of the 2011 Act; or the accounts do not acc(Kd with those reLords,' or the a¢counts do not Cornpty with the oppltcabl8 requirements conceming Ihg form and content of accounts set out In the Charities IA£counts and Repgrtsl Regulations 2008 other than any r6quir8ment that the accounts give a 'true and fairf which not 8 matter ConsJered 88 part of an indepgndent 8xamin81ion. I have no concems and have come across no other matters in connection with the exwnination to wh attention should be drawn in Ihls rep)rt in order lo enable a proper understanding of the accounts to bo ffj8¢hed. Signed.. H Young Sopher + Co LLP Chartored Aco)unlants 5 Elstreg Gats E18tr88 Way Boreh8mwocrfl Hertfordshire 1JD Oated.. 21 l¢4 I xol ICAEW Page 4
BOB AND MICHELLE SHEMTOB CHARITABLE TRUST STATEMENT OF FINANCIAL ACTMTIES FOR THE YEAR ENDED 31 DECEMBER 2026 Unrn•trfct•d lund• 2025 Total funds 2025 Total funds 2024 Not• Incom• from: Investments 49,266 49.687 Totsl Incom• 49.266 49.266 49,687 Exp•ndlthrn on: Charitable actbvItI88 61.369 51,389 48,570 Total exp•ndlTa 81,3VJ 61,369 48,570 Net mov•m•nt In fund• bth+r• oth•r rncognimd g•lnolllouo•l Oth•r rncognh•d g•ln•lllo••M): Gains oft rav8lUat of fLXgd 8S8et8 12,103) (2,103) 1,117 86,114 85,114 101.157 N•t mov•m•nt In fund• 83,011 83,011 102,274 R•¢on¢lllatlon of fund•: Total funds broughl fapward Nel mov8m8nl in fund8 1,238,837 83,011 1356,837 83.011 1,154,583 102.274 Total fund• carrl•d forw•rd 1,339,848 1,339,848 1,256,837 The Ststèment of Financial AclvM8s indud68 all gain8 and108se8 ro¢ognl8ed In the year. The note8 on page8 7 to 14 fomi part of th08e finana81 ststeMOr. Page 5
BOB AND MICHELLE SHEMTOB CHARABLE TRUST BALANCE SHEET AS AT 31 DECEMBER 2025 2025 2024 Flx•d aM•ts Invesknenls Current ass•t• 1,317.625 1,232.411 Cash 8t bank and in hand Curr•nt li•bllltl•• 26.383 28,234 Creditor8'. amounts falling dua within one (4080 13,808) Not curr•nt •u•ts 22.323 24,428 Totsl nat a••ot• 1,339.848 1,256,837 Ch•rlty fund• Unrestricted fund8 1,339,04B 1,256.837 Total lund• 1,339,848 1,256,837 The fin8nclal 8tatements approved and author1 for i88ue by the Tru8te08 and 81gned on thelr behalf by: R A Shemtob Tru8teo Date". Izlog Iio2G The not88 on pgge8 7 to 14 fomi part of these financlal 8tstements. Page 6
BOB AND MICHELLE SHEMTOB CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Accounting pollcl•8 {continuod) 1.5 InveBtm•nt• Ftxed as8fjt inv88tments are a fomi of financlal In8trum8nl and are initlalty rwnised al thr transaction cost and subsequenyy measurèd 8t fair value at the Balance Sheet dale, unless the valu8 cannot be m8a8ured feliabty in %thich case 11 is measured at Cost less inpaimionl. Investsnent goin$ and losse8, whether realised or unre81i$ed, are combined and pented as 'Gain51lLosses} on Inve8trnents' in the Statement of Flnancial Activibe8. In¥e$tments held ffixed assets ara shcrtln at cost le88 provision for knpalmient. 1.6 Ca•h at bank and In hand Cash al bank and in hand includes cash and Short-te hlghly Ilquld inve8tmént8 with a short malurlty of three months or b88 from the date of acquisitrt or opening of the deposit or similar account. 1.7 Ll•bllltlo8 and provl•lon• Llabililies are racognised when there 18 an obllgatlon at the Balance Sheet dat• as 8 result of a pa81 event, It is probable that 8 tran8fer of economic bent will be requifgd in setllemenl, and the amount of thg 8etUemenl can b8 estimated rellably. Liabilltie8 are rncogni8ed at the amount that the Charty anticipal86 it will pay 10 settle the debt or the amount it h8• 1Ved a8 advanced poyments for th& goods or 8eTViC8811 must pTovKIe. Provisions affj measured at the ba81 estimate of the amounts required to 8ettlg the oblig8tion. Whero the effe¢l of th8 time value of mongy is m81eri81, the provision is b88ed on tha pre80nl vsluo of those amounts, diswunted at the pre-tsx discount rate that refiects the rl8ks specffi¢ lo the liability. Tho unwlndlng of the di¥¢ount is reccgni8P in the St81oment of Financial A¢llvrtie8 a8 a finance co8t. 1.8 Fln•n¢l•l In•trum•nts The Charity only has financial a$se18 and fin8ncial Ibabilities of 8 klnd that quallfy 88 baslc financial Instruments. B8s¢c financial instruments are Initial recogni8ed at transtIon value and SLJbsequenlly measured at their 8ettlemenl value wlh the exrRption of b8nk loans whbch ore $ub8equenlly mea8ured at amortised cost uslng the effective interest method. 1.9 Fund •c¢ountlng Gengral fiJnds are unr88lricted funds whth are avai18blo for u8e at Ihg dis¢retion of the Trustee5 iri furtherance of the general objectives of the Charity and which have not been d89ignat&J for other purFQ8e8. Inv88tment Income, gain$ and b8ses are allocaled to the appropriate fund. Page 8
BOB AND MICHELLE SHEMTOB CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEM8ER2026 A¢eountlng pollclos 1.1 Ba•1• of preparatlon ol Iln•nclal statsmonts The fln8ncial s1glements have been prepared in acwdance with the Charltie8 SORP IFRS 1021- Accounting and Repofting by Char¢ties: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ir8land IFRS 1021 {effective 1 January 20191, the Financial Rep)rting Standard applicabkn in thé UK and Republlc of Ireland IFRS 102} and the Charlties Act 2011. The financkql Statements hava been prepared to give a 'true and fair, eW and have departed from the Charitie8 {Accoun18 and Reports) Regulations 2008 only to thè èxtent required lo provide 8 'lru& end falr. viaw. This deporture ha8 involvad follovwng thé Charities SORP IFRS 1021 published in October 2019 r8lhor than the Accounting and Reportlng by Charities= Statement of Re¢ommended Pradice effective from 1 April 2005 which has since been withdrawn. Bob and Michelle Shemtob Charrtablé Trust meets the definition of a publk tenefft ontity under FRS 102. 1.2 Incom• All income is reogn18ed once the Charity ho8 entitlement to the income, It 18 prthble that the income will be received and the amount of income receivab can bo measured roliably. Incomo tsx recoverablo In relalion to donations ro¢elved under Gfft Ald or doods of covenant 18 recogni88d 81 the time of the donation. Income tax ro¢overabl• in relatlon to inv¢8knent Incomo is recogni8ed at the time thé inv68tment In¢ome 18 receivabla. 1.3 Exp•ndltur• Expendllure is rgcogn18ed once thore 18 a or constructive obligation lo tr8n6ler economic beneflt to a third party, il 18 probable that a transfer of economlc benefits will be fequired in Settlement and the amount of the oblKdalion can be measured raliably. Expenditure is classified by activity. The costs of each actsvity are made up of the total of direct Gosts and sh8rgd costs. including 8UPPOrt costs involved in undertaklng each •¢tlvity. Olrect ¢08ts attrUbI& to 8 single Oty are allocated direLtIy to that activity. Chafltable actThiities and Govemance costs 8re costs incurred on the ch8rtty8 educatlonal operatlons. Including support Costs and costs relating to the govemance of the charty apportKJned to charitable activitles. 1.4 Int•r••t r•celvabl• Interest on funds held on deplt is Included when receiv*b and the amGwnt Can be measured reliabty by the charity. this 1$ normally upon nollfication of the interest paid or payable by the Bank Page 7
BOB AND MICHELLE SHEMTOB CHARrrABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2026 Invo•tm•nt Incom• Unr•Btrlcted fund8 2026 Tol•l funds 2026 Dlvhjends rac8ived Bank int8m8t receNable 48.953 313 48,953 313 49,2e8 49,286 Unrestrthd funds 2024 Totsl funds 2024 Dfvidènd$ recelved Bonk intere8t r•¢elvable 48,8n 815 48,872 815 49.687 49,687 An•ly•l• of •xpondllur• on chirlt•bl• actfvhk• Summ•ry by fund typ• Unrn•trict•d funds 2025 Total 2025 CharfAble activ489 51.389 61,369 Unrestricted funds 2024 Total 2024 Charitae aclivths 48.570 48,570 Page 9
BOB AND MICHELLE SHEMTOB CHARABLE TRUST NOTES TO THE FINANCIAL STATEMENT8 FOR THE YEAR ENDED 31 DECEMBER 2025 Analy81• of expendlture by oCtlvttle8 Actlvltle8 undert•kon dlwectfy 2026 8upport coBi• 2025 Total funds 2025 Charft8ble actiwties 44,000 7.369 61.369 undertaken diredy 2024 Support CO8t8 2024 Total fund¥ 2024 Charitable xfjvlles 41,755 8,815 48,570 Anaty•l• of dlro¢t ¢o•ts Charltabl• actlvlti•• 2025 T¢)tal fund• 2025 ChArltablo donation• 44,000 Charitable actNille8 2024 Total fund5 2024 Charltable donation8 41,755 41,755 Pag8 10
BOB AND MICHELLE SHEMTOB CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2026 An•ly818 of •xponditurn by aetlvltlm {contlnuodl Anal1¥ of •upport coBts ChaTltabl• a¢thiliS•s 2026 Total fund$ 2026 Accountsncy Investment furbd marwgement fee8 Bank charg08 3,060 3.788 541 3,060 3,768 541 7,369 7,369 Charftablo activf(ie8 2024 Totsl funds 2024 Ac¢ountanGy Inve8trnenl fund management fge8 Bank charges 2,880 3,571 2,880 3,571 364 6,815 8.815 Tru•t•w' r•mun•rnllon and •xp•n• During the year, Tru8tee8 Tecelved any remuneration or other ben611ts12024- £NILI. During the year erKled 31 December 2025, Trustee expen8es have been Incurred12024- £NILI. Pagg11
BOB AND MICHELLE SHEMTOB CHARrrABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Flx•d •¥••t Invostmonl8 Oth•r Ilxed Inva•tments Cost or valuatlon At 1 January 2025 RevaluatMM6 1,232A11 85.114 At 31 December 2025 1,317,525 N•t book valu• At 31 Decemb8r 2025 1,317.525 At 31 December 2024 1.232.411 Cr•dltorn: Amount• f•lllng du• wlthln on• ymr 2020 2024 Awu818 8nd deferrod Income 3.808 Poge 12
808 AND MICHELLE SHEMTOB CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 8tstem¢nt of fund8 8tatomont of fvnd8- ¢urr•nt yoar Balance at 31 G•lTh D•combgr (Los) 2025 B*l•neè at 1 January 2026 In¢ome Expendlturn Unrn8trlcl•d fund• Re8erve 1.266,837 49.266 (51,369) 85,114 1,339,848 Stat•m•Trt of fund•- prlor ymr 8818n¢o al 31 Gainsl December (Lo8888) 2024 Balanc8 at 1 January 2024 Income ExFendituTe Unr••trfcted fund• Re88rve8 1,154,563 49.687 (48.570) 101,157 1,258,837 Analy•l• of n•t a•8•t• botWo•n tund• An•ly•h of Th•t •s••i• b•twMn fund•- ¢urr•nt yur Unrutrlcl•d fund• 2025 Total fundg 2020 Flxed 8888t Investments Current assets Greditors due thIn ono r 1,317,525 26,383 14.060) 1.317.520 26.383 14.060) Total 1,339.848 1,339.848 Pago 13
BOB AND MICHELLE SHEMTOB CHARrrABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DecEP118ER 2026 Anaty•l• of net a8•ets betwtsn fund8 (coDtlnugdl Anaty818 of not •480ts betwwn fvnd• - prfor yur Unr88tr1cted funds 2024 funds 2024 Flxed 8886t Inv88trnent8 Current a88ots Credltors due wlthln one yegr 1,232.411 28,234 13,8081 1,232,411 28.234 (3,808) Tolal 1.256.837 1,256.837 Page 14