Charity registration number 1166119 (England and Wales)
FRIENDS OF PILZNO
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
FRIENDS OF PILZNO
LEGAL AND ADMINISTRATIVE INFORMATION
| Trustees | Mr R Gerzi |
|---|---|
| M Marcus | |
| Mr N D Gee | |
| Charity number (England and Wales) | 1166119 |
| Principal address | 64 Christchurch Avenue |
| Kenton | |
| Harrow | |
| HA3 8NN | |
| Independent examiner | Prakash Dhungana |
| 31 Eastlea Avenue | |
| Watford | |
| WD25 9DG |
FRIENDS OF PILZNO
CONTENTS
| Page | |
|---|---|
| Trustees' report | 1 - 2 |
| Independent examiner's report | 3 |
| Statement of financial activities | 4 |
| Balance sheet | 5 |
| Statement of cash flows | 6 |
| Notes to the financial statements | 7 - 11 |
FRIENDS OF PILZNO
TRUSTEES' REPORT
FOR THE YEAR ENDED 31 MARCH 2025
The trustees present their annual report and financial statements for the year ended 31 March 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 charity's governing document, the Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "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)".
Objectives and activities
The Charity's objects are as set out in its governing documents to advance the Orthodox Jewish faith.
The main activities in furtherance of these objects in relation to those purposes for the public benefit, in particular, the activities, projects or services in the areas of :
-
Education
-
Counselling through discussions
-
Assisting children with special needs
The trustees confirm that they have followed the Charity Commission in complying with public benefit and the trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the Charity should undertake.
The Charity continues to raise funds to assist Pilzno develop.
Achievements and performance
Significant activities and achievements against objectives
The charity supports the work of Pilzno in Israel. Pilzno works to:
-
a) help people with emotional and learning difficulties to fulfil their potential.
-
b) educate people in structuring their lives to develop better lifestyles and live more meaningful lives.
-
c) establish and run a centre of learning in Israel.
During the year, Pilzno has produced a number of publications, run courses in the UK, USA and Israel and provided counselling for individuals and groups. It continues to operate a centre of learning in Israel.
Financial review
During the year the Charity received donations including gift aid received of £62,211 (2024: £26,111) and made donations of £55,960 (2024: £26,440) with net surplus of £5,949 (2024: Deficit of £539).
The trustees have assessed the major risks to which the Charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
Reserves Policy
The charity aims to keep sufficient reserves to enable it to continue operating for 12 months.
Structure, governance and management
The Charity is constituted as a CIO.
- 1 -
FRIENDS OF PILZNO
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
The trustees who served during the year and up to the date of signature of the financial statements were: Mr R Gerzi
M Marcus Mr N D Gee
The initial trustees came together to establish the charity and have the power to appoint further trustees if considered appropriate.
All trustees received induction training on their responsibilities and the operations of a charitable institution and continue to receive relevant training.
Pilzno work is in Israel and is through the son of Roger Gerzi, a trustee.
The trustees' report was approved by the Board of Trustees.
Mr R Gerzi
Trustee
10 November 2025
- 2 -
FRIENDS OF PILZNO
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF FRIENDS OF PILZNO
I report to the trustees on my examination of the financial statements of Friends of Pilzno (the charity) for the year ended 31 March 2025.
Responsibilities and basis of report
As the trustees of the charity 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 charity’s financial statements 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(5)(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:
-
1 accounting records were not kept in respect of the charity as required by section 130 of the Charities Act 2011.
-
2 the financial statements do not accord with those records; or
-
3 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 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 financial statements to be reached.
Prakash Dhungana FCCA
31 Eastlea Avenue Watford WD25 9DG 10 November 2025
- 3 -
FRIENDS OF PILZNO
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
| Unrestricted | Unrestricted | ||
|---|---|---|---|
| funds | funds | ||
| 2025 | 2024 | ||
| Notes | £ | £ | |
| Income from: | |||
| Donations and legacies | 3 | 62,211 | 26,111 |
| Total income | 62,211 | 26,111 | |
| Expenditure on: | |||
| Charitable activities | 4 | 56,262 | 26,650 |
| Total expenditure | 56,262 | 26,650 | |
| Net income/(expenditure) and movement in funds | 5,949 | (539) | |
| Reconciliation of funds: | |||
| Fund balances at 1 April 2024 | 1,099 | 1,638 | |
| Fund balances at 31 March 2025 | 7,048 | 1,099 |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
- 4 -
FRIENDS OF PILZNO
BALANCE SHEET
AS AT 31 MARCH 2025
| Notes Current assets Cash at bank and in hand Net current assets The funds of the charity Unrestricted funds 11 |
2025 £ 7,048 |
£ 7,048 7,048 7,048 |
2024 £ 1,099 |
£ 1,099 |
|---|---|---|---|---|
| 1,099 | ||||
| 1,099 |
The financial statements were approved by the trustees on 10 November 2025
Mr R Gerzi Trustee
- 5 -
FRIENDS OF PILZNO
STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025
| 2025 Notes £ Cash flows from operating activities Cash generated from/(absorbed by) operations 13 Net cash generated from investing activities Net cash generated from financing activities Net increase/(decrease) in cash and cash equivalents Cash and cash equivalents at beginning of year Cash and cash equivalents at end of year |
2024 £ £ 5,949 - - 5,949 1,099 7,048 |
£ (539) - - (539) 1,638 1,099 |
|---|---|---|
- 6 -
FRIENDS OF PILZNO
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1 Accounting policies
Charity information
Friends of Pilzno is a CIO.
1.1 Accounting convention
The financial statements have been prepared in accordance with the charity's governing document, 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) (effective 1 January 2019)". The charity is a Public Benefit Entity as defined by FRS 102.
The financial statements are prepared in sterling, which is the functional currency of the charity. 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 certain 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 charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
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 conditions 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 charity.
1.4 Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, 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 charity 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 receipt from HM Revenue & Customs.
Legacies are recognised on receipt or otherwise if the charity 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.
- 7 -
FRIENDS OF PILZNO
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
1 Accounting policies
(Continued)
1.5 Expenditure
Expenses are accounted for on an accruals basis.
Direct charitable expenditure includes all expenditure incurred in relation to funding receivable in pursuance of the charity’s objectives.
Other costs incurred in support of these activities are separately analysed and shown as management and administration costs.
1.6 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, 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 price 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 services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
2 Critical accounting estimates and judgements
In the application of the charity’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 accounting 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.
- 8 -
FRIENDS OF PILZNO
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
3 Income from donations and legacies
| Donations and gifts 4 Expenditure on charitable activities Governance costs Donations to other charities 2025 2025 £ £ Direct costs Grant funding of activities (see note 5) - 55,960 Share of support and governance costs (see note 6) Governance 302 - 302 55,960 Analysis by fund Unrestricted funds 302 55,960 5 Grants payable Grants to institutions: Donations to other charities: Pilzno - 6 Support costs allocated to activities Governance costs Analysed between: Governance costs |
Unrestricted Unrestricted funds funds 2025 2024 £ £ 62,211 26,111 Total Governance costs Donations to other charities Total 2025 2024 2024 2024 £ £ £ £ 55,960 - 26,440 26,440 302 210 - 210 56,262 210 26,440 26,650 56,262 210 26,440 26,650 Donations to other charities Donations to other charities 2025 2024 £ £ 55,960 26,440 2025 2024 £ £ 302 210 302 210 |
|---|---|
- 9 -
FRIENDS OF PILZNO
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
| 7 | Net movement in funds | 2025 | 2024 |
|---|---|---|---|
| £ | £ | ||
| The net movement in funds is stated after charging/(crediting): | |||
| Fees payable for the independent examination of the charity's financial | |||
| statements | - | - |
8 Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
9 Employees
The average monthly number of employees during the year was:
| The average monthly number of employees during the year was: | ||
|---|---|---|
| 2025 | 2024 | |
| Number | Number | |
| Total | - | - |
| There were no employees whose annual remuneration was more than £60,000. |
Remuneration of key management personnel
No remuneration has been made to trustees during the year or in the previous year.
10 Taxation
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
11 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 unrestricted funds by the trustees for specific purposes.
| At General funds Previous year: At General funds |
1 April 2024 Incoming resources Resources expended At 31 March 2025 £ £ £ £ 1,099 62,211 (56,262) 7,048 1 April 2023 Incoming resources Resources expended At 31 March 2024 £ £ £ £ 1,638 26,111 (26,650) 1,099 |
|---|---|
- 10 -
FRIENDS OF PILZNO
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
12 Related party transactions
Included in donations receivable was £16,378 (2024: £13,166) donations from the Trustees and their related parties.
| 13 Cash generated from/(absorbed by) operations Surplus/(deficit) for the year Cash generated from/(absorbed by) operations 14 Analysis of changes in net funds |
2025 £ 5,949 5,949 |
2024 £ (539) (539) |
|---|---|---|
The charity had no material debt during the year.
- 11 -