COMPANY REGISTRATION NUMBER: 9881780 CHARITY REGISTRATION NUMBER: 1167956 SMD Founciation Company Limited by Guarantee Unaudited Financial Statements Year ending 30 November 2024 CHAR TERED ACCOUNTANTS AND STATUTOR Y AUDITOR Y G A HARRIS & CO. LTD MR GARY HARRIS BRULIMAR HOUSE JUBILEE ROAD M24 2LX
SMD FOUNDATION COMPANY LIMITED BY GUARANTEE FINANCIAL STATEMENTS YEAR ENDED 30 NOVEMEBER 2024 * Contents Trustees, annual report (incorporating the director's report) 01 Independent examiner's report to the trustees 10 Statement of financial activities (including income and expenditure account) 13 Statement of financial position 14 Notes to the financial statements 18
Trustees The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 30 November2024. eference d ad Inlstrative details Registered charity name SMD Foundation Charity registration number 1167956 Company registration number 9881780 Principal office and registered 77 Windsor Road Prestwich Manchester M25 ODB The trustees David Salzman Simon Salzman Mrs M C Huppert Independent examiner Chartered accountants and statutory auditory G A Harris & Co. LTD Mr Gary Harris Brulmilar House Jubilee Road Middleton Manchester England M24 2LX 01
Trustee Profile Beyond their business ventures, David and Simon are deeply committed to giving back. They are actively involved in numerous charities that support vulnerable families, disadvantaged children, and teenagers within the Salford and Prestwich communities and beyond. Theirgreatestjoy comesfromtheirfamilyand communitywork. Their shared passion for business, communityservice, and familycontinuesto shapetheir approach to both life and work. David and Simon are dedicated to charitable initiatives that uplift and empower individuals facing personal, emotional, and social challenges. As Founders and Trustees of the SMD Foundation, and Trustees of Sheves Youth Organisation, Panim Meiros Seminary, and The Decoy Trust, they channel their time, resources, and vision into creating meaningfvl opportunities for children, young adults, and families in need. They also play a longstanding role in the Woodland Wellbeing Trust, where their support has helped hundreds of individuals benefft from AnimalAssisted Therapy. 02
structure overnanée no management SMD Foundation is constituted by Memorandum and Articles of A550ciation and is a company limited by guarantee. It was incorporated on 20 November 2015 as a company and the company number is 9881780. It was registered as a charity on 30 June 2016 with a charity number 1167956. Recruitment and appointment of new trustee5 would be in line with the Memorandum and Article5 of Association and with the consent of the trustees. The criteria set for the suitable candidate would be someone who is sensitive to the needs and demands of the organisation. There is no chief executive officer. The day-to-day affairs are undertaken by Mr Simon Salzman on behalf of the trustees. All major decisions are taken collectively by the trustees and all the trustees give of their time freely. The trustees are unpaid and details of any related party transactions are disclosed as applicable in the notes to the accounts. The arrangements for setting the pay of the charity's employees are the sole domain of the trustees. There are no policies for the induction or training of new trustees. 03
•r,%• Risk Reviow Risk review The Trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the Trust, and are satisfied that systems are in place to manage our exposure to the major risks. The risks faced by the trust are principally operational risks from ineffective grant maki ng. These risks are managed by the trustee5 researching potential beneficiaries before granting donations. Report back and review procedures strengthen these safeguards to ensure public benefit is achieved from all grants. 04
Objectives and activities The objects of the charity are: (l) For the public benefit to promote the education of people of all ages around the world in such ways as the charity trustees think fit, including awarding to such persons scholarships, maintenance allowances or grants. or by grants to charities or other organisations worldwide that provide education. (2) The prevention or relief of poverty or financial hardship anywhere in the world by providing: grants or loans to individuals in need andlor charities, or other organisations working to prevent or relieve poverty or financiaL hardship; (3) To advance the Orthodox Jewish religion worldwide for the benefit of the public in accordance with the principles of the Code of Jewish Law (Shulchan Aruch). Public benefit The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit and in particular to its supplementary public benefit guidance on advancing education when reviewing the charity's aims and objectives and in planning future activities and setting grant making policy for the year. -r•1 05
Strategic report The following sections for achievements and performance and financial review form the strategic report of the charity. Chair's Statement- Mr David Salzman "l am incredibly proud of the strides SMD Foundation has made this past year. Our commitment to education, poverty alleviation, and community support continues to grow stronger. As we look ahead, we are excited to aim to triple our impact in the coming year. I deeply believe in the irnportance of helping vuLnerable youth get ahead in life, empowering them to fight their own drawbacks, stigmas, and fears. By equipping these youth with the tools and confidence to overcome their past struggLes, we are giving them the opportunity to build a brighter, more fulfilling future." Mission Statement The SM D Foundation transforms lives by enhancing mental and physical wellbein& empowering vulnerableyouth, and providing financial support to those in need. We create opportunities that foster resilience and personal growth, ensuring individuals have the resources for a brighter future. 06
strategic Aims of SMD Foundation: Empowering Vulnerable Youth: Our goal is to empower young individuals, particularly those facing significant challenges, by providing them with the tools, education, and support needed to overcome obstacles and achieve personal success. This includes comprehensive programs designed to build confidence, develop skills, and create opportunities for them to thrive. Enhancing Mental and Physical Wellbeing= We are committed to improving the mental and physical wellbeing of individLJals in our communities. Through targeted interventions, access to quality healthcare, and supportive environments, we aim to address mental health challenges, promote healthy lifestyles, and reduce barriers to wellness. Financial Support and Reliefr. We strive to alleviate financial burdens for those in need, offering grants, and direct financial support to help individuals and families overcome economic hardships. Our aim is to provide a safety net that allows recipients to focus on personal growth and stability without the overwhelming stress of financial insecurity. 07
Our Core Valucs Empowerment I We believe in empowering individuals, especially vulnerable youth, to overcome challenges and reach their full potential. By providing the necessary support, resources, and opportunities, we help them build confidence, resilience, and the skills needed to succeed. rr Compassionate Support 2 Our commitment is to deliver compassionate, per50nalised support that addresses both the immediate needs and long-term wellbeing of those we serve. We strive to create a nurturing environment that fosters healing, growth, and a sense of belonging. Community Impact 3 We are dedicated to making a meaningful impact in our communities by addressing critical needs through strategic funding and initiatives. Our work 15 driven by a focus on improving lives, promoting wellness, and creating opportunities that benefit individuals and communities alike. 08
Grant making policy The charity is funded by donations and investment income. The charity gives out grants in line with the above objects. Grants made during the year to institutions are as detailed in the accounts. IL The application of the funds by way of grants to either institutions or individuals and is almost always to institutions. The trustees consider they have met the public benefit test and outline these achievements below. The trustees measure the success of achieving the stated aims by the number and value of grants paid out for each object. The grants paid out in the year are detailed in the notes to the accounts and the trustees consider they have met their aims successfully this year. The trustees consider the shorter-term aims to be similar to the longer term aims and assess the achievement of the charity in the same way. 09
In(Jependent examiner's sLqtement I report to the trustees on my examination of the financial statements of SMD FOUNDATION ('the charity,) for the year ended 30 November 2024. Responsibilities and basis of report As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the f inancial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act,). Having satisfied myself that the accounts of the companyare not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity's accounts as carried out under section 145 of the Charities Act 20111'the 2011 Act,). In carrying out my examination I have followed the Directions given by the Charity Commission under section 14515)(b) of the 2011 Act. 10
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: l.accounting records were not kept in respect of the charity as requi,red by Section 386 of the 2006 Act; or 2.the financialstatements do not accord with those records; or 3.the financialstatements do not comply with the accounting requirements of section 396 of the 2006Act other than any requirement that the accounts give a'true and fair, view which isnot a matter considered as part of an independent examination; or 4.the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting standard applicable in the UK and Republic of Ireland IFRS 102). I have no concernsand have come across no other mattersin connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Gary Harris FCA G A Harris & Co. LTD Independent Examiner Brulimar House Jubilee Road, Middleton, Manchester England M24 2LX 30th September2025 11
SMD FOUNDATION Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) {coAtthued) Year ended 30 November 2024 strateglc report The lollowiry seclions for achie¥ernenls ano performance and ffflanaal ¥evW lom7 Ihe stralegic report of the charity. Achlevemenis and pertonnance The chanly iecelved £121.645 (2023. £329.5) in donalioDS dlg the year, The charity paid out £148.48312023.. £73.187) by wa¥ of granls ar]d support costs. These grar,Is weTÈ made in lirtrP With the slated ob}ects of the Chariiy and ielale to religious purposes. eduGational purwse5 as well as re5ief of poverty purposes. The chariEy a150 received £101,744 (2023.. £82.9601 in invéstrnÈnt income durin9 Ihe year as weil as investmenl management costs amourtting to £57,009 j2023.. £27.292). The charity incurred gvveinance c05ls COfnpn5ing professional fees. All olher cosls are bome by a kKal benefactor and Irie Iruslee5 W15h lo rècofd Iheir apprecialion to Ihe btnefacloi for itt free use ol their offjces. There were no material fundraising costs during year Relaied party transactions are discJDsed a5 applicable in the noies to Ine accounis. There k¥a5 an 01?erall nel income an6 nol movemenl in fiJnd5 for the year amountsTrg to £17,897 (2023-. £312.4461. Financlal review Inve51mEnl perfonnance The inveslrnenls of the charrty liave Provided a gross r•ium of 6 (2023. 5qr ol in the yéar. Th4s is acceptaL.18 .hen compared to returns from bank deposrts, for vthich retums are lar lower and do tioL lake inlo account an5. capital growlh potenlial. The truslees consider Ihis acceptabEe compared with retums ava4lable on (Jeposits in any of Ihe banking insbtutions. These property inve5trnent relurns are not ai the expens8 of any Exposure of loan-tO-¥alue covenanls Ihat would put these inveslm8nls at risk. Re#ep4e5 licY The Unrestricled Fund represenls Ihe unrestricled fund5 arising Iioni past operaiing results. The Trustees are saJsfie(J thal Ihe balance of the Fur is an acceptable level ol reserve5 given nalure Df revenue receipts againsi grant5 payable. In c(x)sidenng trie limited finanaal obligainS of Ihe chanly, the Iruslees have resolyed Io fviaintain a minimum reserve ioug4ly equal io ihe net currenl as5els of Ihe cb.anty The truslees have con51dered the fair ixalue of Ihe In'iestmeryl property. taking inlo account the loan-t&value Dr the properties a5 well as ihe naiure and exposure of trie sjndicale WOper1ieS The Irustee5 conside the hotdtng value lo be Ihe fair valuè. The Vusiees are del":gl)led lo made many valuable c4)ntributs'ons lo Ihe community as a fesuli of Ih15 Incofne and hope to be able lo do so foi many yeafs lo come The Iree reservL)s, represenled the net cuyrenl as5et5. of the cb.ariÈy 3mtitinled to £74.173 (2023.. £43.323), all of ¥vtc*, are uniests3Gied The Iru5tee5' annual repoil and Ihc strJategi repofl weie appioved on 30 Septembei 202S and stgned on t)ehalf of Uie boaid of trusltres by. SirnDn Sa12man Truslee 12
,statemen& SMD FOUNDATION Company Limited by Guarantee Statement of Financial Activities (i.ncluding income and expendittsre account) Year ended 30 Novpmber 2024 2024 2023 Unrestricted lunds Totsl funds Total funds Nole Incomè and endowments Donations and legacies nvestment Income 721,645 101,744 121,645 101,744 329.965 82,960 412.925 Total Income 223.389 223.389 Expendlture Expenditup on raising funds: Inveslmenl mana9ement cosis Expendilure on chartsble alIES Total expenditure 57 (KJ9 148,484 57.009 148.484 27.292 73.187 205,493 205,493 100,479 Net income and net movemonl in funds 17.896 17.898 312.446 Reconciliation of funds Total funds brought forward Total funds carried forward 1.038.964 1.038.964 726.518 1.056.860 1,056,860 1,038.964 The slalemenl of finanaal aclivities includes all gains tand losses recognFsed in tré year All Incoine and eXpe[rtu{e derive from continuing adivities 13
SMD FOUNDATION Company Limited by Guarantee Statement of Financial Position 30 November 2024 2024 2023 Fixed assgts Tangible fixe¢J assets 13 1.661.047 1.585,119 Current assets Debtors Cash at bank in hand 14 60.904 78.118 30.904 88,870 119.774 Credilors: amounts falltng due wlthin on y•ar 1401 current assets IS 64.849 76,451 74.173 43.323 Total assets les$ curreni Ilabllitles 1.735.220 1.628.442 Creditor5: amounts falling due aft4r more than one year N8t ass•ts 16 678.360 S89,478 1.056.860 1,038.964 Funds ol thè charity Unrestricted funds 1,0.860 1.Q38.964 Total charhy funds 17 1,056.860 1,C38,964 For Ihe year ending 30 November 2024 the charty 'aS enlllled to exempknon from audbt under secbon 477 of 11)e Companie5 Acl 2006 relating lo small companies. Directors. resp3nsibits'tses.' Tlie nien)bers have not reqdired the Comi pany to obtain an audil of its finandal slateTrients for Ihe yoar iii questK)n In accoidance witli sectson 476. Tlie directors ackncAvledge Iheir responstbilits for comtyying wrth the requiremerits of the Act Viilh fespecl to accountlng records al the preparation of financial slatemenls. rhese finanryal siatements have been prepared In accordance trie proVis)n5 appble to companies subject to the small companies, rwtne. These financwl staternents vRte approved by Ihe board ol irustees and authorised for issue 0,1 30 Seplember 2024 and are sned on behalf of the boara by.. Simon Salzman Truste 14
General information The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is 77 Windsor Road, Prestwich, Manchester, M25 ODB. Statement of compliance These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting standard applicable in the UK and the Republic of Ireland,, the 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) Icharities SORP (FRS 102)) and the Companies Act 2006. Accounting pollcies Basis of preparation: The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. The financial statements are prepared in sterling, which is the functional currency of the entity. Going concern: There are no material uncertainties about the charity's ability to continue. Judgements and key sources of estimation uncertainty: The preparation of the financial statements did not require management to make judgements, estimates or assumptions that affect the amounts reported besides the valuation of fixed asset investments at the year end. Fund accounting: Unrestricted funds held by the charity are funds that can be used in accordance with the charitable objects at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of 2 subclasse5; restricted income funds or endowment funds. 15
- Accounting policies (continued) Incomino resources All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income: Income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliabLy. Legacy income is recognised when receipt is probable and entitlement is established. Income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the vatue is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. Income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted. 16
Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is cLassified under heading5 of the statement of financial activities to which it relates: Expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trad ing activities, and the sale of donated goods. Expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. Other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated di rectly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis. Tangible assets Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses 17
SMD FOUNDATION Company Llmlted by Guarantee Notes to the Financial Statements (conranuodj Year ended 30 November 2024 Accounting poJi¢ios ftonti¥Jwd) Tangible ass•tS lcontuJ An increase in the carrying anUnt of an asset a5 a Tesult of a revaluatioii. Is ierJJgni5ed in other recDJnised gains and knsses. uniesg rt revetses a charge for impairment that has previously been fecognised as experKIAure wllhin the sialement of f;.nancial actrvibes A decrease in Ihe carryitvj amount of an asset as a resuli of revalualion. is reu)gnised in other Tecognised gains and losse5. excepl to wnich rt offsets any prevK)us revalUaln gain: In which case the loss is shcw4ft wilhfrn other recogrrfsed gains and losses on the StalennI of finanoal aclivlties. Impalmmlt of fixèd assets A review for Indtcators of impaitmenl 15 carrietj out at each reporting dale. with the recrjverable amount being estimated where such Indicatus eS1. WMf• the carrying value exceeds the fecoverable amount. the assei is impa'red accordingly. Prior inwainents are c teviewed for pos%ble reversal al eath ting dale. For •he purposes ol impaim?enl testsng. vthen il Is not possible lo estsmate the cOVerable aTnounl of an dIVIdual asset. an estimate is made ol the recoveiable amount of the cash-generatsng. unrt to which the asset belongs. The cash-generatsng unit is the smallest Identifll group Oi assets that includes the asset and generates Gish infy)ws that largely independent of the cash inflow5 from other assels groups of assets For IMpainnI testing of goodMII, Ihe goodwill acquired in a business combination is. from Ihe acquisib'on date. allocated to each of the Cashenerating units that are expected to benefit from the synergie$ ol the comkn"naiion, Irrespectivè of whethey other asseis or liabilities of the charity are assigned to those units Financial instruments A financial asset or a finanal liabili.ty is rewnised only when Ihe chatity becomes a party to the contractual proviswis Ot the Instiyment. BasK financ1 instruments are inrtialty rec3n1sed at the anyjunt fecevrfable or payatk induding any ielated transaction Ix)sts. Current assets and current liablrties ale subsequently measuied al Ihe cash or (Ilher conyderation expeeted lo be paid OT received and nol discodnted. Debl instruments 8fe subsequentEy measured al amortised cost. Where investmenls in shares are publicly Iraded or Iheir fatt value can olher4vise be measured reliably.. the investroenl is subsequentlJT nieasuied ai lair 'ialue ¥%lh changes In fasr val feG.ognlsed ir¥ income and exper,dibJre. All otJ)er such inveslments ale subsequ.enty nieasored at cost less Impalrment. Other financial instruments. including denvatwes. are iYitiaKy renised at fair value: unless payment for an SeL is deferred beyond normal business terms or fin*Ked at a rate ol inleiest thal is nol a market rate. in whtch cas& the assel is me25uied at the present value of thy futJJre payments discounled at a marKel rate of Inlerest for 2 siniilar aebl insUu.ent 18
SMD FOUNDATIOIY Company Llmited by Guarantee Notes. to the Financial Slatements 1com1r.d} Year ended 30 November 2024 Ac¢ountlng poltties fcThffinu Flnanclal In$tnim•nts Olhe¥"financial insifumet715 are sub5equentty rneasured at fair value. th any ¢hangès Fecognised in ihe slalemnt of fjnancial acir¥iltes. will) Ihe excewy)n of ld91ng instruments in a designaled hedging relalionshi"p. Fit72TkfAal assels Ihat are measured ai cA)sl or amorbsed cost are reviewed for ob5ecb.ve 6Vtdence ot. nnpairmenl al Ihe end of eath ferK)rbr;g date. Ir there E (Ibjec-live evidence ol inipairmenl. an impalut¢ Ioss is ;ecugnised urxlw Ihe appropnale in the Stateme of finanal activit IT¥ which lho in111 gain was recognised. For all eqlY insirumenls Tegatdless of sEgnificance. and othei financial assets that ate irxlividually sigrwficanl. Ihese are assessed tndividuall for irnp8irmenl. other financial as.sets are either S5essed irKSNidLEaUy or grr)uppd cn Lle bas of simli creth"t Thsk charade¥istscs. Any FevEr5als of irr¥pairrnent are recogrliseu iMmedlety. io exleT?l tha rev@f531 dces not rosiilt ID a c8rryin9 amcA2nt of the financial asset Ihal exceed5 what the cafrying amunl would have. b2en. had lkno Jm.paÈrmeDI noi weviously been recognised. Llmiled by 9uarantee shtD FourKlaiion Ls a regiSlered charliy ar a compaTry Iimileqj by gLFa*anlee that Ihjes Dol any share capilal. Ip. Ihe 8ve.yt of the charty bery Y•rAJFkJ up. members are required to contribule an arwunt nol exceediro £10. Dortations and legacles UnreStred Trtal Fundg UnFestriciea Total Funds Funds 2024 FurKIs 2023 Donatlons Dc4llr1tKS 121,645 121.645 329.955 329,965 Investment income Unrestrrted Totaj Funds Unreslricied Toial Funds Funds 2024 FuThas 2023 IDC05W Irofft Instrnenl pler 101.744 101.744 82.960 82.960 Anvestment managerneni costs Unre5trKted Total Funds Llnrestricled Toial Funds Funds 2024 Funds 2023 PropeTiY TBpaiFS and mainleftae ciBrges 57.OC6 57.009 27.292 27,292 19
SMD FOUNDATION Company Limited by Guarantee Notes to the Financial Statements {conirnurdJ Year ended 30 November 2024 ExpÈndilurè ¢)n charitable a¢ti¥ilies by fund type Unrestncted T1 Funds Unrestsicled Tolal Fund5 Funds 2024 Funds CSBrilable xpenditur Support co519 139.S(M 8.980 139. 8,980 67.797 5.390 67.797 5,390 148.484 148.484 73.187 73.187 Expendlture on ¢harltable a¢tlvilies by activity type Aclivili85 underken dlreell¥ Supwrt Total funds cosls 2024 Total fund Charitai)le expendiiure Govemance c47Sts 139.504 139.504 8.980 67,797 5.390 8.980 139.504 8,980 148.484 73,187 10. Inijependeni eXaMinatn fees 2024 2023 Fees payabl8 lo the independant exarniner foi: Iniaependenl examwation of the fanc Slen 1.080 1,440 11. Staff costs The averagÈ head count ol ernployees duiing ihe year was 1 (2023. 11. No employee received employeE benèfits ot fnore than £60,000 during the yÈar12023= Nil)- 12. TnJslee remunoration and expensès No remunef8tion of oiher benefts fTom employment i%'ilh the chanljj ijr a related entity were received by Ihe Iruslees. 20
SMD FOUNDATION Company Limited by Guarantee Notes to tho Financial Statements {contiiiuedJ Year ended 30 November 2024 13. Tangibl6 fixed assets Long leasehold property Cost At 1 December 2023 Additr'ons 1,$85.119 75.928 At 30 November 2024 1.661,C47 Oepreciation At l December 2023 and 30 Novembgr 2024 Carrying amount A130 Nov¢mber 2024 1.661,047 At 30 No¥ember 2023 1.585.119 14. Dèbtors 2024 2023 Other deblors 60.904 30.904 15. Creditor6: amounts falling due wlthin one year 2024 2023 Bank loans ap.d over4rafts Tfade crediior5 rua15 and deferfed irscome Other creditor) 4.777 22,633 2,520 46.521 21.882 1,080 41,887 64,849 76.451 16. Credltors.. amounts falling due after more than on• year 2024 2023 Bank loan5 and overdrafts Loa115 478.6LYJ 199.76D 362.083 227.395 678,360 58S.478 8ank Iodns an¢ overdrafts are secured on Ihe iniesimenl Operty of the chclrity, 21
Company Limiled by Guarantee Notès to tho Flnancial Statéments (foothvodi Year ended 30 November 2024 17. Analysis of Gharitats funds Unféstri¢ted funds At 1 December 2023 At 30 Novgm r 2024 Income ExndItUre General funds 1.038,964 223.389 (205,493) 1.056.860 Al 30 November 2023 2022 Income Ex[KIlluTe General funds 726.518 412.925 1100.479) 1.038.964 18. Analysls ol n•t assets botwn fvnds Unfestricted Total Fur5 FUnS 2024 Tarvjible fixed assets Current assets Creditors less than l yeaf Credltors greater than 1 year ot assats 1.661,047 7,661.047 139.022 139.022 (64.849) 164,849} {678.360) (678,360) 1.056.860 1.056,860 Unrestsrled Total Funds Funds 2023 T8r¥Jible ftted assets Current assets Creditors less ltsn 1 year Creditors greater than 1 year Not a•s•ts 1.585,119 1.585.119 t19,774 119.774 {76.451) (76,451> (589.478> ($89,478> 1.038.964 1,038,964 19. Rolated parties Mr S Salzman and Mr D Salzman. trustees of SMD Foundation. are also diiectors and sharePtt)Iders of the following companies.. clryaW Management (UK) Lld. Wavertree Estat@s Ltd", Crtyview Estates Ltd,, S Halpern Ltd: Valleyview Esiates Ltd: Rl>ble Rea5 Estates Ltd,. Springfield Manchester Ltd. Castleview Estates UK Ltd: Jubilee Ftropertie5 Limited: Newcroft Trading Ltd. Donaiions to SMD Foundation d>Jring Ihe year include armunts tolalting £57.900 {2023: £282,166> received from sorne of aboveAnamed companies, f¥trs R Salzman. wrfe of Mr D Salzman. trustee of Ihe charrty. is also a director and thareholder of Bird ITH Cottages Lid and Coppice Estates. During the year. Bird ITH Cottages Ltd and Coppice Estates iogether donated £23.018 (2023: £16,806) to tho charrty, SMD Foundation has t)0v from some of the above-named companies on an interesl-free basis. The balance of the <Jutstanding loans at the year end is £222.070 (2023: £208.756). 22
SMD F:OUNDATION Company Limited by Guarantoe Notes to the Flnanelal Statements le4*0) Year ended 30 November 2024 20 Analysls of Grants Grants to Institulion 8DEAECH KOVOD BRITISH FAIENDS OF MEOR KEREN HA¥ELED G•ATESHEAD TALMUDICAL COLLEGE ATETRES YOEL KUPAT YISMACH LEV CHOIMEL DAUM OTHER DONATIONS LUBAVITCH SCHOOLS ESSè"R CHARMES 4.5CxJ 5.072 1,4(Kl 17.848 20.292 1.250 10.0 36,rA8 39,614 23
SMD Foundation