2025-02-28-accounts - Clymer

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REGISTERED CHARITY NUMBER: 1172017

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

CLYMER CHARITABLE INCORPORATED ORGANISATION

Venitt and Greaves Chartered Accountants 115 Craven Park Road South Tottenham London N15 6BL

CLYMER CHARITABLE INCORPORATED ORGANISATION

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025

		Page
Report of the Trustees	1	to	2
Statement of Trustees' Responsibilities		3
Independent Examiner's Report		4
Statement of Financial Activities		5
Statement of Financial Position		6
Notes to the Financial Statements	7	to	12

CLYMER CHARITABLE INCORPORATED ORGANISATION

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 28 FEBRUARY 2025

The trustees present their report with the financial statements of the charity for the year ended 28 February 2025. The trustees have adopted the provisions of 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).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The main objective of the charity is the advancement of the orthodox Jewish religion, orthodox Jewish education and education in general, the relief of poverty, sickness and infirmity for the public benefit and such other purposes as are charitable according to the English law as the trustees may from time to time determine in their absolute discretion.

Significant activities

The charity was set up with the aim of supporting religious Jewish educational institutions and charitable organisations by making donations and grants available to them.

The financial results of the charity's activities for the period ended 28 February 2025 are fully reflected in the attached financial statements together with the notes thereon.

Public benefit

The trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the aims and objectives and in planning the charity's future activities. The aims of the charity for the public benefit are detailed in the Objectives and Activities section of the report.

Grantmaking

Grants are made at the discretion of the trustees and in accordance with the principal objectives of the charity.

ACHIEVEMENTS AND PERFORMANCE

Charitable activities

During the year under review, the charity continued its activities and maintained its support of religious educational and other charitable institutions. The charity is dependent on income from its investment. The charity's total incoming resources during the year was £196,884 [2024 - £228,002] and donations made totalled £184,168 [2024 - £210,342].

Investment performance

During the year under review, the charity received rental income that amounted to £169,595 [2024 - £193,152], dividends that amounted to £25,456 [2024 - £32,581] and deposit account interest that amounted to £1,833 [2024 - £2,269].

FINANCIAL REVIEW

Principal funding sources

The charity is funded by earnings from investment income.

Reserves policy

The reserves policy is to ensure that there is a sufficient stream of income to meet the ongoing calls made on the charity.

Going concern

The trustees are confident that the charity will be able to continue operating in the foreseeable future.

FUTURE PLANS

There are no current plans to change the activities or modus operandi in the foreseeable future.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document. a constitution and constitutes a charity incorporated organisation.

Page 1

CLYMER CHARITABLE INCORPORATED ORGANISATION

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 28 FEBRUARY 2025

STRUCTURE, GOVERNANCE AND MANAGEMENT

Recruitment and appointment of new trustees

It is not currently the intention of the trustees of the charity to appoint new trustees. Should this situation change in the future, the trustees will apply suitable recruitment and training procedures.

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number

1172017

Principal address

9 Filey Avenue London N16 6NU

Trustees

B Fried Mrs. H Berger Mrs. R Fried

Independent Examiner

Venitt and Greaves Chartered Accountants 115 Craven Park Road South Tottenham London N15 6BL

Approved by order of the board of trustees on 22 December 2025 and signed on its behalf by:

Mrs. H Berger - Trustee

Page 2

CLYMER CHARITABLE INCORPORATED ORGANISATION

STATEMENT OF TRUSTEES' RESPONSIBILITIES FOR THE YEAR ENDED 28 FEBRUARY 2025

The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

Charity law requires the trustees to prepare financial statements for each financial year. Under that law, the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).

Under charity law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to

select suitable accounting policies and then apply them consistently;
observe the methods and principles in the Charities SORP;
make judgements and estimates that are reasonable and prudent;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011 and The Charity (Accounts and Reports) Regulations 2008. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CLYMER CHARITABLE INCORPORATED ORGANISATION

Independent examiner's report to the trustees of Clymer Charitable Incorporated Organisation

I report to the charity trustees on my examination of the accounts of Clymer Charitable Incorporated Organisation (the Trust) for the year ended 28 February 2025.

Responsibilities and basis of report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
the accounts do not accord with those records; or
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 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 accounts to be reached.

M. A. VENITT, A. C. A

Venitt and Greaves Chartered Accountants 115 Craven Park Road South Tottenham London N15 6BL

22 December 2025

Page 4

CLYMER CHARITABLE INCORPORATED ORGANISATION

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 28 FEBRUARY 2025

Notes INCOME AND ENDOWMENTS FROM Investment income 2 EXPENDITURE ON Raising funds Investment management costs 3 Charitable activities Charitable donation Other Total NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD	28.2.25 Unrestricted fund £ 196,884 83,554 83,554 184,168 3,959 271,681 (74,797) 4,743,466 4,668,669	29.2.24 Total funds £ 228,002 60,271 60,271 210,342 3,635 274,248 (46,246) 4,789,712 4,743,466

The notes form part of these financial statements

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CLYMER CHARITABLE INCORPORATED ORGANISATION

STATEMENT OF FINANCIAL POSITION 28 FEBRUARY 2025

Notes FIXED ASSETS Investment property 6 CURRENT ASSETS Debtors 7 Investments 8 Cash at bank CREDITORS Amounts falling due within one year 9 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 10 Unrestricted funds TOTAL FUNDS	28.2.25 Unrestricted fund £ 3,871,369 10,690 452,037 390,833 853,560 (56,260) 797,300 4,668,669 4,668,669 4,668,669 4,668,669	29.2.24 Total funds £ 3,871,369 14,312 452,037 465,249 931,598 (59,501) 872,097 4,743,466 4,743,466 4,743,466 4,743,466

The financial statements were approved and authorized for issue by the Board of Trustees and authorised for issue on 22 December 2025 and were signed on its behalf by:

H Berger - Trustee

The notes form part of these financial statements

Page 6

CLYMER CHARITABLE INCORPORATED ORGANISATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Statement of Financial Activities.

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

continued...

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CLYMER CHARITABLE INCORPORATED ORGANISATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 28 FEBRUARY 2025

2. INVESTMENT INCOME

Rents received Other fixed asset inv - UnFII Deposit account interest 3. INVESTMENT MANAGEMENT COSTS Support costs	28.2.25 £ 169,595 25,456 1,833 196,884 28.2.25 £ 83,554	29.2.24 £ 193,152 32,581 2,269
		228,002
		29.2.24 £ 60,271

4. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 28 February 2025 nor for the year ended 29 February 2024.

Trustees' expenses

There were no trustees' expenses paid for the year ended 28 February 2025 nor for the year ended 29 February 2024.

5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

INCOME AND ENDOWMENTS FROM Investment income EXPENDITURE ON Raising funds Investment management costs Charitable activities Charitable donation Other Total NET INCOME/(EXPENDITURE)	Unrestricted fund £ 228,002 60,271 60,271 210,342 3,635 274,248 (46,246)

continued...

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CLYMER CHARITABLE INCORPORATED ORGANISATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 28 FEBRUARY 2025

5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD 6. INVESTMENT PROPERTY FAIR VALUE At 1 March 2024 and 28 February 2025 NET BOOK VALUE At 28 February 2025 At 29 February 2024 7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 28.2.25 £ Trade debtors 10,690 8. CURRENT ASSET INVESTMENTS 28.2.25 £ Listed investments 452,037		Unrestricted fund £ 4,789,712
		4,743,466
		£ 3,871,369 3,871,369 3,871,369 29.2.24 £ 14,312 29.2.24 £ 452,037

continued...

Page 9

CLYMER CHARITABLE INCORPORATED ORGANISATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 28 FEBRUARY 2025

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other creditors 10. MOVEMENT IN FUNDS At 1.3.24 £ Unrestricted funds General fund 4,743,466 TOTAL FUNDS 4,743,466 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 196,884 TOTAL FUNDS 196,884 Comparatives for movement in funds At 1.3.23 £ Unrestricted funds General fund 4,789,712 TOTAL FUNDS 4,789,712		28.2.25 £ 56,260 Net movement in funds £ (74,797) (74,797) Resources expended £ (271,681) (271,681) Net movement in funds £ (46,246) (46,246)	29.2.24 £ 59,501 At 28.2.25 £ 4,668,669 4,668,669 Movement in funds £ (74,797) (74,797) At 29.2.24 £ 4,743,466 4,743,466

continued...

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CLYMER CHARITABLE INCORPORATED ORGANISATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 28 FEBRUARY 2025

10. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Incoming resources £ Unrestricted funds General fund 228,002 TOTAL FUNDS 228,002 A current year 12 months and prior year 12 months combined position is as follows: At 1.3.23 £ Unrestricted funds General fund 4,789,712 TOTAL FUNDS 4,789,712		Resources expended £ (274,248) (274,248) Net movement in funds £ (121,043) (121,043)	Movement in funds £ (46,246) (46,246) At 28.2.25 £ 4,668,669 4,668,669

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds General fund TOTAL FUNDS	Incoming resources £ 424,886 424,886	Resources Movement expended in funds £ £ (545,929) (121,043) (545,929) (121,043)

continued...

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CLYMER CHARITABLE INCORPORATED ORGANISATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 28 FEBRUARY 2025

11. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 28 February 2025.

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