Charlty rnglstratlon numbw 1182989 EPRA CHARITABLE TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024
EPRA CHARrrABLE TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 30APRIL 2024 The IWSt present thew annual report and financial statements for the yRarend8d 30Akwil 2024. The financiBJ statements have prepared in dartC0 ticcouthg por{@$ sal out in ntste I to tho nanciBI ststpments and fftpty with the trust's governing docurnenl. thg cha}8 ACÉ 2011 and 'Accountiny an Reporting by Charfts'es: Statement of RecommBnded Practico applicabl8 lo charities prgparing their accL)unts in 5cCDnEan wlth th& Ftnanclal Rwrdng SlandaTd aP¢trIb In lh8 UK anTrJ ReputAIc Df Irelwrd {FRS 102r {effectiv8 l January 2019). The tnJ5t¥ ofyeLts ar8 10 ft]nd JTV wdts5tvely ChaTrtsb pu¥) accDrdin9lD1he law uf Engtsnd ad wal pubiiG nefit Ihatth8 trustees may from time to tirne in their absolute discretion determin&. The trustees hav8 paid duè regard to guidance issu8d by the Charlty commiss1( in decbjing 8t actNifjes the trust ShOtd undertakè. Achiov•ments and perfonnanca th? ar thè tfitst SUPPDried various ¢tTIlable thi8cdvos and the amDunl ofthtiDnS madg dIng th8year nounl8d to £33.49812023- £25,682). The stat8m8nl of Financlal Ackn118s shows 8 net dofiot of £362 {2023- £344 surplus) for Ihe year. Th8 lThste85 considar that du8 to thB low18vèl of Tunnlnp erjsts is nee($ for a minimurn lawt olfimds tob& kept as res8Ne8. pia¢e to ffwtigat8 8xwsuro to the major risk SINcturo. governan and monagernent The trust was establi3h8d by 8 (arFtablo trust deed on 9 January 2019. The ttustoes who saryed (luring the year atsj up io fhe date of SJn&ure of Ihe fincTrBI stateFMents ¥Mr D E*in Mr M Epstein Mr L M Epstein The trustees, repo s approved by tho Board ol Trusleo8. Mr D EIe1 Tffu6le¢ 27 January 2025
EPRA CHARrrABLE TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF EPRA CHARITABLE TRUST I report to the twstees on 5ny examlnation of the financi81 statements of Epr8 Charitable Tnbst {the trust) forthe year ended 30 Ap1 2024. ResponsilItI9$ aml basis ot roport As the twstees of If¥JSt you ar8 res11)10 for tho wapar0 ofth6 firnS1a18ITrènts in accda requirements of the Chanlies Act 2011 (the 2011 Act). I report In r8sFeCt of rny axaminatlon of th& trust's finandal statem8nts cal8d out under sodon 145 of tho 2011 ACL IEk rarying Out my examinatian I have fdlowed au the applicable Dwa[rS gfvwi by the Charity Commlssi r sth 14515)(b} ofthe 2011 Act. Ind•pBfid•nt mIne$ stalem•nt and Reporting by charit$ preparing their accounts in a¢dance the Financial Reporting Standard appllcabte ui the UK and Repubkn'cot Ireland (FRS 1021 in preferenix to th8 Accounting and Reporting by ChIlle& Sl8lement of Recommended Pra¢b issued on I Iwl 2005 whth is rBfeiFed to in ts extant regulati bui has now been thdravm. wtth Genorally Accept6d ACCIntIng Pfactice 8ffoctive for r8POrtkng p8rk)ds trgInnIng on or after 1 January 2015. I h8Vg conrAetsd my examvwbon. I wnfftm that no Matte have rne to my altentlon in connection with the exaTll(n8tion gfving me cause to b8th.eve that In any material respect. aceoyntsry recordswere not kept in respect ofthe tfust asrequited by section 130 of the 2011 Act., or the finanGial stslements do not aLY4xd whh those recor(Is; or th8 financial statements do rKJt COmKly with the applicable requirements conceming th8 fomi end conlenl of acmunts set outln tha Charklles (Accounts and Reports) Reguktions 20a8 olherthan requtrement thatJyJ accouTts give a tn falr whlch Is nol a matter consld8red as part of an Inde[ 8nal. I have rKJ wKem8 and have u)me aosS no other mattets in o)nne(aion Nvilh the examin8ti¢Jn to which altention stKyJld be dfawn tt) orderto enable a proper undetstandingofthe f¢tk7Roi81 staiements to be reacl*d. Anth FCA Paragon P8rtnws Limil8d Churchlll House 137- 139 Brent StF¢el London NW4 4DJ Dated.. 27 January 2025
EPRA CHARrrABLE TRUST STATEMENTOF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITUREACCOUNT FOR THE YEAR ENDED 30 APRIL 2024 fun0* 2024 funds 2023 Income from: Donabons and legacies 33.196 26.070 Total Income 33.196 26.070 Expndllur•¢n: Chilable actbvil Other expendityre 33,498 60 25,682 Total expendlturé 33,558 25.726 Nèt 1ncomollexnd1Iure} and mov•ment kn fund5 {362} R9¢0nclliation of funds: Fund balances at l May 2023 362 18 Fund baLinG•s at 30 Aprl 2024 statemBnt Df flnanclal acbviues incllts alf gatns and ID5385 rBc4wls8d Tn th8 year. AU income antl expendlturg derive from continuing activities.
EPRA CHARITABLE TRUST BALANCE SHEET ASAT30APRIL 2024 2024 2023 Notes Cash at"bAnk and in hand 362 N•t a$ts excluding penslon Ilabillty 362 The funds ofthe Int Unre8lrkted ftJnd¥ 362 Theffinanrya ststernents were approved by the tnsstees 27 Janry 2025 Mr D Epsfèin Tntstse
EPRA CHARrrABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30APRIL 2024 Accounting poll¢ks Charftylnfomiatlon Epra Charitable Tiust Is a registered charfty 8Stabllshed by a chatable Iwst deed on 9January 2019. 1.1 AGcountlng comigntlon ThB ffftancial 8tatèrnnts have prep3iErJ in accoan wtth tri¥$ [gDwniry d0cffttJ. Charrties AGt 2011, FRS 102 'Th8 Financial Rep119 Stand8rd applicable in the UK and RepuNic of Irelan(r I"FRS 102°> and the Chartties SORP 'Accounting and Reporting by Charities.. Statcmenl of Rfjcommerrded Practic8 8ppIic3blB to chafithes prgpaFtng thBTrr accrAmts in aDrance with th8 Financial RBPDrling Standard apble in th¢ UK and Repu of Ireland (FRS 102). (effactive 1 January 20191. The trust is a Public Benef4 Entity as defjFEd by FRS 102. The Injst has taken advantage of the provisions in the SORP for rth8rfti6s not lo prep8r& a Statsment of Cash The financial statsmants have depart8d from thè chalieS lACunts and Reports) Regulations 2008 onty to th& extent requbred lo provide a trEse and faw view. This departure has wryol¥ed the Stom•rt of R8cM7mended PTrct1 foT charfti&s w)ptykng FRS 702 ratl)w than Vers of 1ho StatemBnl Df Recommond8d Pra¢tic which is referr8d to in Ihe Re9ulalions bul which has Since b88n vjithdrawn. The fancIal stalements are pr8pared in sterlng. whlch Is the fvnLonal currency of the trust. Monetary anK•unts In these fInar1 statements ar8 rourKfed tothe neare8t£. Thè financi81 sta1ennts be8ft PTepare# under hTr51orical ¢0st converthn. Th? pttnupal accounllr pdicies adoptsd are 8et out beh)w. Al th? tlm8 of approving 1h& financlal slalaments. th8 truste95 hav& a reasonat9 èypactstlon that lh& trust has adequote resources lo continue in operational 8xistenc4 for the foreseeatrAe luture. T$ th8 trustees o)ntinue to adom the going conc1 basis of acL¥Junting in preparing the firLancial statements. 1.3 Charitsbh fvnds UnTr5trict8d funds aTr 3WdifablB for u89 4t thB lScre1 of th8 in furthvrance of thBfr" charitablB obje¢tives. 1A Income the amounts Con be moasured reliably, and it is probable th8t income wiu bg received. Cash donaiions are rerwnlsed on wipl. Olher donations aT8 recx)gnised once the trust has been notif of the dunation, unles¥ pgrfom)anc8 conditions Tequtrg deferrnl of the amount Incometax rpcoverabl8 in relaliDTr to donalions rer*ived under Grft ApJ or deeds of covonant is recognised at the lime of the donation. 1.5 ExndIture ExpendÉtTrB IS actn for rm an accFuats basi8 and h8s begn classifigd Fjrthr hEatlNigs that aggregate aA cost roiated to the category. Wlwe LX)Sts cannot be directy attributed to P8rlKular headings they h8ve been allocated to athviti8s on a basts wn8lstenl wlth tho use of resourcÈs. 1.6 Ca8h and cash oquivalerhts Cash and cash oquiV8Thts inthmle (zsh in h8nd, depogts hekl 81 ¢aW wih b3Fbks. othw st-1¢mi bquid within borrowings in currant liabiliti8S.
EPRA CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2024 A¢¢oufftlng poll¢les (Continu•dl Basic Ilnancl•l 8ssets lrnnso¢tion price including transaction c¢>sts aThJ are subsequentsy r/nied at anM)rtised 4)>St using the effeciwe interest method thg aangement constilLrtes a financlng traTTrsaction, where the Irans8CtKm Is measuffjd at tha pr&sent value of Ihe (uiure rBceipts discttuntod at a market rats of ntaresL Finanrjal assets dassrfbed a5 receivable within one year ara nol arnNtr. Crm¢al accounfjng •stlmatos and Judgements In tho appfKats)n of the Intst's ac(x)fvg prficies, the trustees afy reqUIj to make jutjgernen estimates and assumpti(ms about the cafrylng 8mount of assets and fiabthties that are not readity apparent from other urces. The esthnts and assodated assumpttons are based on hi&torioi expertenoe aTrl other laGtQTS that are considered to be relevBnt. Actual results may dTrlFerfrom these estimales. The estim8tes and underfw'ng 8ssumpli¢m are reviewed on 8n ongoing basis. Revisions tr) accounting 8sbLnats are rècogni in Ihe perifxd in which eslimata is iewd wllere the affeds onty that peritrj. or in the period of the revision and firture periomls wher8 the wision affects both eurrenl and fiknre p8riods. ome frrm donallon8 and kga¢ies UNostrletad UnrestTid 2024 2023 Donations and gifts 33.196 26,070 EXdtUrn on ¢hailablè aeli¥ltlg5 Headlng
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2024 Heading 2023 DlreGt Costs Charitab18 donab 33,498 25.682 Analysls by fjjnd Unrestricted funts 33.498 25.682 None of the trustegs (or any persons connectsd with them) rec8ived any remuneration or benefits from the stduring the year.
EPRA CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30APRIL 2024 Employws Tho average monthty number tsfemploy8e5 durlng lh8 ygarwas". 2024 Numbèr 2023 Numb8r Totsl Thwe w*re no empknyees whose armual remuneraii(m was than £60,000. Olher nds 2024 2023 Bank charyes 60 Taxation The charity is exempl from taxation on its activities becausa Fts incom& is apJi8d for charrtabl& purposes. Unrèstrlcted fun( Tho unrestricted fLtnrls of the charity compris¢ the unexpended balancas of donèlions and qr8nts which are nut subieLt lo wific cDndilions by Bnd granloT3 lo how thBy may bo used. ThesE incknJ& designat8d funds whlch have been set aside oul of unrestricted funds by the tiustees for speGffjc puiposes. At 1 May 2923 Inc(#nlnp Resources At 30 Aprfl BOllfEe5 expbndBd 2024 General fvnds 362 33,196 133,5581 Prnvious y•or. At I IAay 2022 IncThning Rosovycos At 30 April T•sourcès bxpendèd 2023 General fvnds 18 26.070 (25,726) 362 10 Rglatsd party trnnsaclton9 Ther6 w8 no disclosabie t9Fatsd party IransaGllons durlng the y8ar.