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2025-05-31-accounts

Charity registration number 1188506

JRM TRUST

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

JRM TRUST

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Mr Jeremy Shebson Mrs Ruth Shebson Mr Eli Shebson Mr Benjamin Shebson Charity number 1188506 Registered office Flat 9 Beatrice Court 15 Queens Road London NW4 2TL Independent examiner Parkhill Accounting Ltd 29 Wentworth Court Higher Lane Manchester M45 7

JRM TRUST

CONTENTS

Page
Trustees' report 1 - 2
Independent examiner's report 3
Statement of financial activities 4
Statement of financial position 5
Notes to the financial statements 6 - 9

JRM TRUST

TRUSTEES' REPORT FOR THE YEAR ENDED 31 MAY 2025

The Trustees present their annual report and financial statements for the year ended 31 May 2025.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Charity's [governing document], the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019).

Objectives and activities

The principal activity of the charity is grant making to the advancement of the Orthodox Jewish religion in particular but not exclusively and the prevention and relief of poverty.

The trustees confirm their compliance with the duty to have due regard to the public benefit guidance published by the Charity Commission when reviewing the charity's aims and objectives and in planning future activities.

Public benefit

The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the Charity should undertake.

Achievements and performance

Significant activities and achievements against objectives

During the period the charity was involved in grant making. The charity raised £50,000 (2024: £42,275) in donations and made grants totalling £44,652 (2024: £41,050) to charitable organisations that further the objectives of the charity. No change in activities is envisaged in the immediate future.

Financial review

The financial results of the Charity's activities for the year ended 31 May 2025 are fully reflected in the attached Financial Statements together with the notes thereon.

As at 31 May 2025, the charity had Unrestricted funds of £7,565.

Reserves policy

It is the policy of the charity to maintain unrestricted funds, which are the free reserve of the charity, at a level which the Trustees think appropriate after considering the future commitments of the charity and the likely administrative costs of the charity for the next year.

Investment policy

Under the Trust Deed, the charity has the power to make any investment, which the Trustees see fit. The Trustees regularly review the charity's position and needs in respect of the investment policy.

Structure, governance and management

The Charity is a registered charity (charity number 1188506) and is governed by a Trust Deed dated 24 May 2019.

The Trustees administer the day-to-day affairs of the Charity. None of the Trustees have any beneficial interest in the Charity.

The Trustees who served during the year and up to the date of signature of the financial statements were: Mr Jeremy Shebson Mrs Ruth Shebson Mr Eli Shebson Mr Benjamin Shebson

JRM TRUST

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MAY 2025

The Trustees' report was approved by the Board of Trustees.

Mr Jeremy Shebson Trustee

18 February 2026

JRM TRUST

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF JRM TRUST

I report to the Trustees on my examination of the financial statements of JRM Trust (the Charity) for the year ended 31 May 2025.

Responsibilities and basis of report

As the Trustees of the Charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).

I report in respect of my examination of the Charity’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.

I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

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

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Robert Benjamin Caplan ACA

Parkhill Accounting Ltd 29 Wentworth Court Higher Lane Manchester M45 7U

Dated: 18 February 2026

JRM TRUST

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MAY 2025

Unrestricted Unrestricted
funds funds
2025 2024
Notes £ £
Income from:
Donations and legacies 2 50,000 42,275
Total income 50,000 42,275
Expenditure on:
Charitable activities 3 44,652 41,050
Total expenditure 44,652 41,050
Net income and movement in funds 5,348 1,225
Reconciliation of funds:
Fund balances at 1 June 2024 2,217 992
Fund balances at 31 May 2025 7,565 2,217

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

JRM TRUST

STATEMENT OF FINANCIAL POSITION

AS AT 31 MAY 2025

Notes
Current assets
Cash at bank and in hand
Net current assets
The funds of the Charity
Unrestricted funds
8		 2025
£
7,565		 £
7,565
7,565
7,565		 2024
£
2,217		 £
2,217
2,217
2,217

The financial statements were approved by the Trustees on 18 February 2026

Mr Jeremy Shebson Trustee

JRM TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025

1 Accounting policies

Charity information

JRM Trust is a registered charity (charity number 1188506) and is governed by a Trust Deed dated 24 May 2019.

1.1 Accounting convention

The financial statements have been prepared in accordance with the Charity's Trust Deed], the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The Charity is a Public Benefit Entity as defined by FRS 102.

The Charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.

The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.

The financial statements are prepared in sterling, which is the functional currency of the Charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the Charity.

1.4 Income

Income is recognised when the Charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the Charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the Charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

JRM TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MAY 2025

1 Accounting policies

(Continued)

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. 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 activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

1.6 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Basic financial assets

Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including trade and other payables and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Charity’s contractual obligations expire or are discharged or cancelled.

1.7 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the Charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

JRM TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MAY 2025

2 Income from donations and legacies
Unrestricted Unrestricted
funds funds
2025 2024
£ £
Donations and gifts 50,000 42,275
3 Expenditure on charitable activities
Total Total
2025 2024
£ £
Direct costs
Grant funding of activities (see note 4) 44,652 41,050
Analysis by fund
Unrestricted funds 44,652 41,050
4 Grants payable
Total Total
2025 2024
£ £
Grants to institutions:
Camp Simcha 10,000 -
Hasmonean Charitable Trust 10,000 -
Kisharon Langdon 10,000 -
Other 14,652 41,050
44,652 41,050

Grants have been made to UK charities advancing the charity’s Objects.

5 Trustees

None of the Trustees (or any persons connected with them) received any remuneration or benefits from the Charity during the year.

Donations were made by the Trustees to the charity during the year.

6 Employees

The average monthly number of employees during the year was:

2025 2024
Number Number
Total - -

JRM TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MAY 2025

6 Employees

(Continued)

There were no employees whose annual remuneration was more than £60,000.

7 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

8 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At
General funds
Previous year:
At
General funds		 1 June
2024
Incoming
resources
Resources
expended
At 31 May
2025
£
£
£
£
2,217
50,000
(44,652)
7,565
1 June
2023
Incoming
resources
Resources
expended
At 31 May
2024
£
£
£
£
992
42,275
(41,050)
2,217

9 Related party transactions

Other than those mentioned above, there were no disclosable related party transactions during the year (2024 - none).