Reglstered numb8r: 10237698 Charity number.. 1169323 THE DEBRA REISS FOUNDATION (A Company Limited by Guarantee) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
THE DEBRA REISS FOUNDATION (A Company Limit8d by Guaranteo) CONTENTS Pgge Rèfarencg and Administrative Detai18 of the Companyg Its Trustees and Advise Trustoes, Report Independent Audltors, Report on the Flnancial Stataments 7-10 statsmant of Financial Activitie8 Balanca Sheot 12 Notes to the Flnancial Statements 13-22
THE DEBRA REISS FOUNDATION IA Company Llmlied by Guarantee REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 30 JUNE 2025 Trustees D. A. Reiss S. Joseph Company registered number 10237898 Charlty reglstered number 1169323 Reglstered offl¢e Flrst Floor, Whits Lion House, 848 Highgat8 High Stre8t, London, N8 5HX Indepandent auditorg Wilder Coe Ltd, 1st Floor Sackville House, 143-149 Fenchurch Street, London, EC3M 6BL Page 1
THE DEBRA REISS FOUNDATION {A Company Limited by Guarantee) TRUSTEES, REPORT FOR THE YEAR ENDED 30 JUNE 2025 The Trustees present théir annual report together with the audited financlal ststements of The Debra Reiss Foundation (the 'Company') for the year 1 July 2024 to 30 June 2025. The Annual Report 8erves the purpD8es of both a Trustees, Report and a Directors, Report under company law. The Trustees confirm that the Annual Report and financlal statements of the charitable company umply with thé current statutory requirements, the requirements of the charitable companvs governing document and the provisions of the Statement of Recommended Practic8 {SORP) applicable to charities pr8paring their accounts in accordance with the Flnancial Reporting Standard applicable In the UK and Republlc of Ireland (FRS102) (effective 1 January 2019). Sincè the Company qualifies as small under section 382 of the Companies Act 2006, the Strategi¢ Report requirèd of medium and large companie8 under the Companies Act 2006 (StrategSo Report and Dlre¢tors' Report) Regulations 2013 has been omitted. Obloctlves and activiti9S a. POLICIES AND OBJECTIVES The principal objective5 of the charlty as sel out in the governing document are.. To assist In such way8 as th8 charity think8 fit any charity whose aims Include advancing education of persons in th8 UK or worldwide by d8veloping their individual capabilities, competences, skills and understandlng In subjects of educational value or in developing their mental, physical and moral capabilities through leisure time activities. To r81i8ve povety or financial hardship in the UK or wotldwide by providing grants, items and setvices to individuals in need andlor charitie8 or other organisations working to relieve poverty. To develop the capability and skllls of socially disadvantaged communttles In the UK in such a way that they are better able to identify and help meet their needs and to partlcipate more fully in S¢Kiety by th8 SUPPOrt of and providing grant8 and donations to charities whose objectives include these alms. To promote public health in the UK and worldwide for the benefit of the public by providing assistance and grants to other charities and organisations working in the field of medical research and advancement., and Tc promote humane behaviour towards animals by assisting or providing donations or grants to charity or organisation whl¢h is providing donations or grants to any charity or organisation which is providing appropriate care, protection, treatment and security or animals which are In need of care and attention by rea80n of sickness, maltreatment, poor cir¢umstan¢es or ill usage and to educate the public in matters P8rtaining to animal welfare and the preventlon of cruelty and suffering among animals. b. PUBLIC BENEFIT The Trustees confirm that they have, in the administration of the charily, paid due regard to the publi¢ benefit guidance published by th8 Charity Commission under section 4 of the Charities Act 2011, Pag8 2
THE DEBRA REISS FOUNDATION IA Company Llmlted by Guarant80 TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025 Achievements and performance a. REVIEW OF ACTIVITIES Historic donation8 and subsequent income reiVed was invested a¢ross 3 investment funds durlng 2025 (2024.. 3). There are 3 investment funds in Pla at the yéar end. In addition, funds have been invested into brldging loan facilities of which Ihere are 2 In place at the year end. Donations to other charftie$ totalled £8,057 (2024., £8,500). It is gxpected that further donations will be made Sn 2025 for the furtherance of the charity's objectives. The charity also und@rtook charitable activities directly including donating items to a local homelo$s shelter through the Synagogue Food Bank as well as donating fathear to various schools in Brent, Barnet and Harringay. Costs incurred relating to this activitles totalled £14,153 (2024.. £26,254). b. INVESTMENT POLICY AND PERFORMANCE The Trustees have considered thè options available and have d8cided to invest the funds they have received by way of donations in commercial common Investment funds as well as other funding solutions to obtain lang temi retum on investm8nts. Trust888 closely monitor the performance of investments and make Changes as neessary. Risk profilas are agreed with each investment fund in advance. Financial revlew a. GOING CONCERN Aft8r making appropriate enquiries, the Trustees have a reasonable expectatlon that the Company ha8 adequate resources to continue in operational existence for the foreseeable fLrture. For this reason. they continue to adopt the going concem basis in preparlng the financial statements, Further details rggarding the adoption of the going concern basis can b8 found in the accounting policies. b. RESERVES POLICY Th8 cuffent reserve policy is to protect the Company's charitable propety, including th8 investments held and to seek to ensure the solvency of the company. The Trustees Continue to follow a reserves policy which reflects the precise risks and other circumstances of the time. The totsl funds held al the year end are £8,180,746 (2024.- £7,727.330). All funds are unrestricted. c. PRINCIPAL FUNDING The principal funding of the Company ha8 the investment income received on funds arising from donations made in earlier periods. It 15 intended that these funds should assist with the oharitable purpose of the charity for 8 number of y8ar8. d. MATERIAL INVESTMENTS POLICY The material investments of the Company are Its inv8stments in variou8 shar8 Portfolios. The policies relating thereto and their p8rformance is dealt with in the accounting policies and notes to the accounts. Page 3
THE DEBRA REISS FOUNDATION (A Company Limitsd by Guarnntga) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025 structure, governance and management a. CONSTITUTION The Company is registered a$-a charltsble company limited by guarantse and was set up by a Memorandum of Association on 17 June 2016. The Company's charltsble number is 1169323 and its reglstered company nurnber is 10237698. The Company is registered at the following address.. rirst Floor Whi18 Lion House 64a Hlghgate High Street London N6 5HX b. METHOD OF APPOINTMENT OR ELECTION OF TRUSTEES The management of the Company is the responsibility of the Trustees who ar8 elected and co-optsd under the tsrms of the Articles of Association. Trustees are appolnted at the discretion of the acting trustees at the Annual General Meeting. c. POLICIES ADOPTED FOR THE INDUCTION AND TRAINING OF TRUSTEES There is no set policy in place for the induction and training of new trustees and thi8 is arranged as required. d. PAY POLICY FOR SENIOR STAFF All diredors, who are also trustees of the charity, give their time freely and no director received remuneration in the year. e. ORGANISATIONAL STRUCTURE AND DECISION MAKING The board of Trustees with a minimum of 0 members, administer the Charrty. The Trustees, who are also the directors for the purpose of company law, and who serv8d during the year and up to the date of signature of the financial statements were.. D. A. Reis5 D. R. Reiss {resign8d 28 July 2025) S. Joseph {appolnted 13 August 2025) The Company's auditors are Wilder Coe Ltd, Chartered Accountants & Statutory Auditors, 1st Floor Sackville House, 143-149 Fenchurch Street, London, EC3M 6BL. f. RISK MANAGEMENT The Trustees have assessed the major risks to which the Company is exposed, in particular those related to the operations and finances of the.Company, and are satisfied that systems and procedures are in plac8 to mitigate exposure lo the major risks, Page 4
THE DEBRA REISS FOUNDATION (A Company Limited by Guarantee) TRUSTEES, REPORT (CONTINUED FOR THE YEAR ENDED 30 JUNE 2025 Plans forfuture periods a. FUTURE DEVELOPMENTS The Debra Reiss Foundation predomlnantly donates brand new clothing essgntial$ to underprivileged primary school children in the local areas, For example. in previous year8 we gave out over 2,500 keep wam kits which included a hat, snood, thermal vest, glov8s, all in a re-usable bag. We also donated thousands of brand new trainers, plimsolls and fleece lined winter jackets dependlng on the need of the schoDI8. Additionally, last year we gifled a charity hundreds of winter jackets which were sent to different locations for those in n8&d. In the future we are looklng to expand th8 amount of donations and give out more essential clothinglshoes to those in need. This SummerlAutumn we have, so far in Ihe schedule, a plan to donate thousands of winter lackels and shoes. W8 our working more directly with charity organisations, such as GIFT, Sebby's Corner, various Food Banks and other UK based charities. Additionally, w8 will keep working with both Barnet and Haring8y Councils and primary schools directly in the local area in-line with the charltable objectlves. TRUSTEES, RESPONSIBILITIES STATEMENT The Trustees (who are also th8 director8 of the Company for the purposes Df company law) are responslble for preparing the Trustees, Report and the financial slatements in accordance with appllcable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law rgquires th8 Trustees to prepare financial statements for each financial Under company law, the TNstees must not approve the financial stat8m8nts unless they are satisfied that they give a true and fair view of the stale of affair8 of the Company and of its Incoming resources and application of resour¢as, including its Income and expenditure, for that period. In preparing these financial statements, the Trustees are required to- select 8uilabl8 accounting p)licies and then apply them consistently- obs8Ne the methods and principles of the Charities SORP (FRS 1021. make judgments and accounting estimates that are reasonable and prudent., state whether applicable UK Accounting Standards (FRS 102) hav8 been followed, Bubject to any material departures dlsclosed and explained in the financial statements., and prepare the financial statements on the going concern basis unl8S5 It is inapproprlate to presume that the Company will continue In business. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and 8xplain the Company's transactions and disclose with reasonable accuracy at any lime the financial position of the Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and deteGtlon of fraud and other irregularities. DISCLOSURE OF INFORpdfATION TO AUDITORS Each of the persons who are Trustees al the time when thi8 Trustees, Report is approved has confirmed that.. so far as that Trustee is aware, there is no relevant audlt information of which the charity's auditors are unaware, and thal Trustee has taken all th8 steps thal ought to have been taken a8 a Trustee in order to be aware of any relevant audtt information and to establish that the charitys auditors are aware of that information. Pag8 5
THE DEBRA REISS FOUNDATION (A Company Llmlted by Guarantee) TRUSTEES, REPORT {CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025 AUDITORS The auditors, Wllder Coe Ltd, have indicated their willingness lo contEnue in office. The Deslgnated Trustees will propose a motion re-appointing the audltors at a meeting of the Trustèes. In preparing this report, the Trustees have taken advantagè of the small companies exemptions provided by section 415A of the Companies Act 2006. This report was approved by the Trustse5, on ., l.S./.OQ.1.2.o.,2A,., and 8ign&d on their behalf by,, D.A.R Trustee Iss Page 6
THE DEBRA REISS FOUNDATION IA Company Limited by Guarantse} INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF THE DEBRA REISS FOUNDATION OPINION We hav8 audited the financial statements of The Debra Rei88 Foundation (the'charitable companty> for the year ended 30 June 2025 which comprise the Statement of Financial Activltles, the Balanc8 Sheet and the related notes, including a summary of significant a¢untIng policles, The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 :The Financial Reporting Standard applicable in the UK and Republic of Ireland, (Unitad Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements.. give a true and falr'view of the state of the chaiitable companls affairs as at 30 June 2025 and of ils incoming re80urceB and application of resources, including Its Income and expenditure for the year then ended., have bean properly prepared in accordanca with Unitsd Kingdom Generally ACpted A¢¢ounting Practice., and have been prepared In accordance wlth the requirements of the Companies Act 2006. BASIS FOR OPINION We conducted our audit in accordance with Intemational Standards on Audiling (UK) (ISAS (UK)) and applicable law. Our responsibilities under those stsndards are further descrfbed in the Auditors, respon8ibililie8 for the audit of the financial statemenls section of our report. We are independent of the charitable company in accordance with the ethlGal rèquirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Councll's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordanc8 with these requirements. We believe that the audit evidence we have obtained is Sufficient and appropriate to provlde a basis for our opinion. CONCLUSIONS RELATING TO GOING CONCERN In auditing the financial statements, we have concluded that the Tru8tees' use of the going concern basis of accounting in the preparatlon of the financial statemenls is appropriate, 8ased on the work we have performed, we have not identified any material uncertainties relating to 8vents or conditions that, individually or collectively, may ca8t significant doubt on the charitable company's abilty lo continue as a going ¢on¢em for a period of al least bNelve months from when the financial statements are authorised for issue. Our responsibllitles and the responsibilities of the Trus18es with respect to golng concern are described in the relevant sections of this report. Page 7
THE DEBRA REISS FOUNDATION (A Company Limitad by Guarantee) INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF THE DEBRA REI88 FOUNDATION (CONTINUED) OTHER INFORMATION The other information comprises the information included in the Annual Report other than the financial ststements and our Audltors, Rèport thereon. The Trustees are responsible for the other infomiatlon contained withln the Annual Report. Our opinion on the financial statements does not cover th8 other information and, except to the extent otherwisa explicitly ststed in our report, we do not express any form of assurance conclusion thereon, Our responsibility is to read the other information and, in doing so, consid8r whether the other information is materially inconsistent with the financial statements or our kncwledge obtalned in th8 course of the audlt, or otherwise appears to be materially misstat8d. If we identify such material inconsistencie5 or apparent material misstatements, we are required to detemlne whether this gives rise to a material misstatement in the financial statements Ihemselv8s. If, based on the work we have p8rform8d, we conclude that there is a materlal misstslement of this other information, we are required to report that fact. We have nothing to report in this regard. Oplnlon on other matter8 proscribgd by thg Companie8 Act 2006 In our opinion, based on the work undertaken in the course of the audtt.. Ihe information given in the Trustees, Report for the financial year for whi¢h the financial statsm8nts are prepared is consistent with Ihe financial statements., and. the Trustees, Report has b8&n prepared in accordance wth applicable legal requirements. MATTERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION In the light of our knowledge and understanding of the charltable company and its environment obtained in the course of th8 audit, we have not identified matsrial misstatements in the Trustees, Report. We have nothing to report in respect of the followlng matters in relation to which Companies Act 2006 r8quir8s us to report to you if, in our opinion.. adequate accounting records have not been kept, or retum5 adequate for our audit hav8 not been recèived from branches not visited by us., or the financial statements are not in agre8ment with the accounting records and returns,, or certain disclosures of Trustees, remuneration specified by law are not made- or we have not received all the infomiation and explanalions we require for our audit., or the Trustees were not entitled to prepare the flnancial statements in accordance with the small companies regime and take advantage of the small companles, exemptions in preparing the Trust889' Report and from th8 r8quirement to prepare a Strategic Report. RESPONSIBILITIES OF TRUSTEES -As explained more fully in the Trustees, Responsibilities Statement, Ihe Trustee$ (who are also the directors of the charitable company for the purposes of company law) are responslble for the preparation of the financial statements and for being satisfied that they giv8 a true and fair view, and for such internal control as the Trustees determine is n8c8ssary lo enable the preparation of financial statements that are free from material mlsstatement, whether due to fraud or error. In preparing the financial statemènts, the Truste8s are responsible for as8e8sing the charitable company's abllity to continue as a going concern, disdosing, as applicable, matters relaled to going concern and using the going con¢£rn basis of acGounting unless th8 Trustees eilher intend to liquidate the charitable company or to ceas8 operations, or have no reallstic alternative bul to do so. Page 8
THE DEBRA REISS FOUNDATION (A Company Limitod by Guarantee INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF THE DEBRA REISS FOUNDATION (CONTINUED) AUDITORS, RESPONSIBILITIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS Our obje¢tiV88 are to obtain reasonable assurance about whether the financial statements as a whol8 are free from material misstatement, whether due to fraud or error, and to ISSU8 an Auditors, Report that includes our opinion. R8asonable assurance 16 a high level of assurance, bul is not a guarantee that an audit conducted in accordance wilh ISAS (UK) will always detect a material migstatement when il exists, Misstatements Can arise from fraud or error and are considered material If, individually or in the aggregate, th8y could reasonably be expected to influence the economic decisions of us8rs taken on the basis of these financial statements. Irregularltles, including fraud, ar8 instances of non-compliance wlth laws and regulations. We design proc8dures in line with our respDnsibililies, oulllned abov8, to delect material mi88lat@m8nts in respect of irregularities, Including fraud. The extent to which our procedures are capable of detecting irregulaiities, including fraud is detailed below: Discusslons with and enquiries of management and those charg8d with governance were held wtth a view lo identifying those laws and regulations that cculd be expected to have a material impact on the financial statemenls. During th8 engagemenl team briefing, Ihe outcomes of these discussions and enquiries were shared with Ihe team, as well as consideration as to where and how fraud may occur in the entity. The following laws and regulations were identified as being of significance to the entity: Those laws and regulations consid8red to have a direct effed on the financial statements Includ8 UK financial reporting standards, company law, and charity legislation. Those laws and regulations for whlch non-compliance may be fLJndam8ntal lo th@ operating aspects of the business and therefore may have a material effect on the financial statements. Audit procedures undertaken in response to the potential risks relating lo irregularities (which include fraud and non-compliance with laws and regulatlons) comprised of.. enquiries of manag8m8nt and those charged with govemanc8 as to whether the entity complies wilh such laws and regulatlons., enquiries with the same conceming any actual or potential litigation or claims., revlew of minutes; testing the appropriatene88 of journal entries.. and the performance of analytical review to identify unexpected movements in account balances which may be indicative of fraud. No instances of material non-compllance were identifi8d. However, the likelihood of detecting irregularities, including fraud, is limited by the inherent difficulty In detecting irregularities, the effectiveness of th8 entiws controls, and the nalure, limlng and ext8nt of the audit procedures performed. Irregularities thal result from fraud might be inherenlly more difficult to detect than irregularities that result from error. As explained above. there 18 an unavoidable risk that material misstatements may not be detected, even though the audil has been planned and performed in accordance with ISAS (Ub<l, A further description of our responsibilities for the 8udit of the financial statements 18 located on the Financial Reporting CounGiI's website at, www.frc.or .uklauditorsres onslbilltiès. This description forms part of our Auditors, Report, Page 9
THE DEBRA REISS FOUNDATION (A Company Limited by Guarantee) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF THE DEBRA REISS FOUNDATION (CONTINUED) USE OF OUR REPORT This report is made solely to the charitable compantys members. as a body. in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an Auditors, Report and for no other purpose. To Ihe fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its members, as a body. for our audit work, for this report, or for the opinions we have formed. Chris Gent BA FCA (Senior Ststutory Auditor) for and on behalf of Wilder Coe Ltd Chartered Accountants & Statutory Auditors 1 st Floor Sackville House 143-149 Fenchurch Street London EC3M 6BL 15 April 2026 Page 10
THE DEBRA REISS FOUNDATION (A Company Limlted by Guarantee) STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 30 JUNE 2026 Unrestrlct8d funds 2025 Toial funds 2025 Total funds 2024 Note INCOME FROM.. Investments 413,017 413,017 412,224 TOTAL INCOME 413,017 413,017 472,224 EXPENDITURE ON: Raising funds.. Expenditure on other activities Investment management Charitable activities 10,081 44,680 20,210 10,081 44,680 20,210 9, 780 107,316 36,254 TOTAL EXPENDITURE 74,971 74,971 153,350 NET INCOME BEFORE NET GAINS ON INVESTMENTS Net gains on investments 338,046 115,370 338,046 115,370 258, 874 400, 962 NET MOVEMENT IN FUNDS 453,416 453,416 S59, 836 RECONCILIATION OF FUNDS: Total funds broughl fcrward Net movement in funds 7.727,330 453,416 7,727,330 453,416 7,067,494 659,836 TOTAL FUNDS CARRIED FORWARD 8,180,746 8,180,746 7, 727,330 The Statement of Financial Activiti8s include8 all gain8 end10sses r8cognis&d In the year. The notes on pages 13 to 22 fomi part of these financial statements. Page11
THE DEBRA REISS FOUNDATION IA Company Limited by Guarantee) REGISTERED NUMBER: 10237698 BALANCE SHEET AS AT 30 JUNE 2025 2025 2024 Nota FIXED ASSETS I nvestments CURRENT ASSETS 7,493,614 7,221, 164 Debtors Cash at bank and in hand 12 298 695,948 298 522,668 696,246 522,9S6 Cr8dilors.' amounts falling due within one year 13 (9,114) (16,8QO) NET CURRENT ASSETS 687,132 506, 166 NET ASSETS 8,180,746 7, 727,330 CHARITY FUNDS Unrestricted funds 14 8,180,746 7,727,330 TOTAL FUNDS 8,180,746 7, 727,330 The Trustees acknowledge thelr responsibilities for complying with the requirements of the Act with respect to accounting records and pr8paration of financial statements. The financial statements have been prepared in accordance with the provisions applicable to entit18s subject to the small companies regim8. The financial statements were approved and authorised for issue by the Trustees on and signed on their behalf by,, .IS/o..L&./.201 D.A.Re Trustee ss The notès on pag8s 1310 22 form part of these financial statements. Page 12
THE DEBRA REISS FOUNDATION (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 GENERAL INFORMATION The Debra Relss Foundation (company number- 10237698), having its registered office and prfn¢ipal place of business at First Floor, White Lion House, 64a Highgate High Street, London, United Kingdom, N6 5HX, Is a prSvate charitable company limited by guarantee incorporated in England and Wales. ACCOUNTING POLICIES 2.1 Basls of preparallon of flnanclal statemont8 The financial statem8nls have been prepared in accordance with th8 Charities SORP IFRS 102) Accounting and Fleportlng by Charities.. Statement of Recommended Pra¢tl¢e applicable to chariti8S pr8paring their accounts in accordance with the Financial Reporknng Standard applicable in the UK and Republic of Ireland IFRS 102} (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2008. The Debra Reiss Foundation meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initlally recoonised al historical cost or transaction value unle88 Oth8rwi8e stated in the relevant accounting policy. 2.2 Company status The Company is a company limited by guarantse. The members of the Company are the Trustees named on pag8 1. In th8 event of the Company being wound up, the liability in respect cf the guarantee is limited to £10 per member of the Company, 2.3 Incomo All incom8 is recognised once the Company has entitlement to the incom8, It is probable that the Income will be re¢elved and the amount of income receivable can be measured rellably. Donated professional services and facilities are recognised on reciept, on thè basis of the value of the gift to the Company which is the amount it would have been willing to pay to obtain the services or facilities of equivalent economic benefit on the open market., a corresponding amount is then recognised in exp6nditure in the period of reciept, 2.4 Expenditure Expenditure 18 recognised once there 15 a legal or conslructive obllgaticn to transfer 8conomiG benefit to a third party. it is probabl8 that a transfer of economic benefits will be required in settlemont and the amount of the obligation Can be measured reliably, Expenditure is classified by activlty, The costs of each activity are made up of the total of direct costs and shared costs, including support costs Involved in undertaking each activity, Direct costs attributable to a single activity are allocated directly to that aclivity, Shared costs which contribute to more than one acllvity and support Costs which are not attributable to a single aciivity are apportioned between those activities on a basis ¢onsistent with the use of resourceB. Central staff costs are allocated on the basis of time spent. Fundraising costs are those incurred in seeking voluntary contributions and do not inctude the costs of disseminating information in support of the charitable activities. C08ts of generating funds are costs incurred in attracting voluntary income, and those inCued in trading activities that raise fijnds. Charitable activities and governance costs are Costs Incurred on the Company's op8rations, including support costs and costs r&lating to the govemance of the Company apportioned to charitable activities. Pag813
THE DEBRA REISS FOUNDATION (A Company Limitèd by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 ACCOUNTING POLICIES {CONTINUED) 2.5 Investmonts Fixed a$8et investmanl8 8r8 a form of financial instrument and are initially recognised at Ihelr transaction cost and subsequently measured at falr value at the Balance Sheet dale, unless the value cannot be measur8d reliably in which case il is measured al co8t less Impalrment. Investment galns and losses, whether realised or unrealised, are combined and presented as 'GainsllLossesl on investm8nls' in the Statement of Financial Actlvities. 2.6 Intargst receivable Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Company., this is normally upon notification of the int&rest paid or payable by the bank. 2.7 Dabtor$ Ttsde and other d8btors are r8cognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid nat of any trade discounts due. 2.8 Cash at bank and In hand Cash at bank and in hand includes cash and 8hort-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. 2.9 Liabilltles and provlslons Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past ev8nl, it is probable that a transfer of economic benefit W511 be required in settlement, and the amount of the settlement can be 8stimated reliably. Liabilities are recognised al the amount that the company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. 2.10 Flnancial instruments The Company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recogni88d at transaction value and subsequenlly me28ured at their settlement value. 2.11 Taxation The Company is considered to pas5 the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK Corporation tax purposes, A¢cordingly, the Company is potentlally exempt from tsxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent thal Such incom8 or gains are applied exdusively to charitable purposes. 2.12 Fund accounting General funds are unrestricted funds which are available for use at the dls¢retion of the Trustses in fiJrthèranc8 of the general objectives of the Company and which have not been designated for other purposes. Page 14
THE DEBRA REISS FOUNDATION (A Company Llmited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 ACCOUNTING POLICIES IGONTINUED) 2.13 Siatement of Cash Flows The char.itable company Is exempt from the requlrement to produce a Statement of Cash Flows on the grounds that it 18 a small charity. INVESTPJIENT INCOME Unresfricted funds 2025 Total funds 2025 Investment income - dividend8 from listed investments Investment income - local cash Investment Income - intere51 on other investments 134.718 13,192 265,109 134,716 13,192 265,109 413,017 413,017 Unrest17Cted funds 2024 Total funds 2024 Inv&stmenl income - dividends from listed investments Inv88tment income - local cash Investment income - interest on other investments 239,011 6,341 166,872 239,071 6,341 166,8T2 412,224 412,224 Page 15
THE DEBRA REISS FOUNDATION (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THEYEAR ENDED 30 JUNE 2025 ANALYSIS OF EXPENDITURE ON FUNDRAISING ACTIVITIES Unrestricted funds 2025 Total funds 2025 Inve81ment management fèes Support C08t8 (note 5) Govemance ¢c$ts (note 5) 44,680 1,081 9,000 44,680 1,081 9,000 54,761 54,761 Unr6Stricled funds 2024 Total funds 2024 Investment management fees Amounts written off investments Support costs (note 5) Govemanc8 Costs (not8 5) 37,874 69,442 960 8,820 37,874 69,442 960 8,820 117,096 117,096 Page 18
THE DEBRA REISS FOUNDATION (A Company Llmlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 ANALYSIS OF SUPPORT AND GOVERNANCE COSTS General Govornanco support function 2025 2025 Total funds 2025 Auditors, remuneration Bank charges Subscriptions Sundry 9,000 9,000 91 735 735 255 255 1,081 9,000 10,081 Ggnoral support 2024 Govemance function 2024 8, 820 Total funds 2024 8,820 244 AudÈtors' remuneration Bank charges Subscriptions Sundry 244 962 962 (246) (246) 960 8, 820 9, 780 Page 17
THE DEBRA REISS FOUNDATION (A Company Llmltsd by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 202S ANALYSIS OF EXPENDITURE ON CHARITABLE ACTIVITIES Grants to Institutions 2025 Total funds 2025 Advancing education and personal development Relieve poverty or financial hardship Supporting disadvantaged communrfcies Purchases, subsequently donated 1,000 3,500 1,500 57 1,000 3,500 1,500 S7 6,057 6,057 Grants to Instilutions 2024 Total lunds 2024 Advancing education and personal developm8nt Relieve poverty or financial hardship Supporting disadvantaged communities Promotion of public health 500 500 4, 000 1, 750 2, 250 4,000 1, 750 2,250 8,500 8, 500 Page 18
THE DEBRA REISS FOUNDATION (A Company Llmlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2026 ANALYSIS OF EXPENDITURE ON CHARITABLE ACTIVITIES Summary by fund typo Unrastrlctsd funds 2025 Total 2025 Advancing education and personal development Relieve F)ovety or financial hardshlp Sltpporting disadvantaged Communlties Purchases, subsequently donat8d 1,000 17,653 1,500 57 1,000 7,653 1,600 57 20,210 20,210 Unr8stnct8d funds 2024 Total 2024 Advancing education and personal development Relieve poverty or financial hardshlp Supporting disadvantaged communitles Promotion of public health 500 31,754 1,750 2,250 500 31,754 1. 750 2,250 36,254 36,254 Page19
THE DEBRA REISS FOUNDATION (A Company Llmlted by Guarantee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 ANALYSIS OF EXPENDITURE BY ACTIVITIES Activities Grant undertaken funding of directly activitias 2025 Total fund8 2025 2025 Advanclng education and personal development Relieve povety or financial hardshi Supporting disadvantaged communities Purchases, subsequently donated 1,000 3,500 1,500 57 1,000 17,653 1,500 57 14,153 14,153 8,057 20,210 Activities und&rtak8n Gr8nt fundir direotly of activitigs 2024 2024 Total funds 2024 Advancing education and personal development Relieve povety or financial hardship Supportlng dlsadvantaged Communities Promotion of public health 5LXI 4,OL 1, 750 2,250 500 31, 754 1, 750 2, 250 27,754 27,754 8,500 36,254 AUDITORS. REMUNERATION 2025 2024 Fees payable to the Companws auditor for the audit of the Company's annual accounts 9,000 8,820 10. TRUSTEES, REMUNERATION AND EXPENSES During the year, no Trustees received any remuneration or other benefits(2Q24 - £Nil). During the year ended 30 June 2025, no Trustee expenses have been incurred {2024- £Nil). Page 20
THE DEBRA REISS FOUNDATION (A Company Llmlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 11. FIXED ASSET INVESTMENTS Other fixed asset Trade investments Investments Total Cost or valuatlon At l July 2024 - Additions Disposals Revaluations 5,508,003 2,565,512 (2.428,7261 51,499 1,715.161 84,165 7,221,164 2,649,677 12,428,726) 51 N99 At 30 June 2025 5,694,288 1,799,326 7,493,614 Net book value AI 30 June 2025 5,694,288 1,799,326 7,493,614 At 30 Jung 2024 5,506, 003 t,715,161 7,221, 764 12. DEBTORS 2025 2924 Due within one year Prepayments 298 298 13. CREDITORS: Amounts falling due wlthln one year 2025 2024 Qlher Creditors Accruals 114 9,000 16,800 9,114 16,800 Page 21
THE DEBRA REISS FOUNDATION (A Company Limited by Guarant) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 14. STATEMENT OF FUNDS STATEMENT OF FUNDS - CURRENT YEAR Balanco at 1 July 2024 Gainsl Balance at 30 Expendlturo (Losses) June 2025 Income Unre$trlcled fund8 Reserves 7,727,330 413.017 (74,971) 115,370 8,180,746 15. RELATED PARTY TRANSACTIONS The charitable Company rec8lV8d donations of £57 from related parties during the year (2024.. £Nifj. The charitabl8 Company has not ent6red into any other related party transactions durlng the year, nor are there any outstanding balances owing between r8lat&d parties and the charitable Company at 30 June 2025 (2024.. £Ni4. Page 22