Registered number: 12683696 Charity number: 1192313
BELZ RELIEF LTD
(A company limited by guarantee)
Unaudited
Trustees' report and financial statements
For the Year Ended 30 June 2025
BELZ RELIEF LTD
(A company limited by guarantee)
Contents
| Page | |
|---|---|
| Reference and administrative details of the Company, its Trustees and advisers | 1 |
| Trustees' report | 2 - 3 |
| Independent examiner's report | 4 |
| Statement of financial activities | 5 |
| Balance sheet | 6 - 7 |
| Notes to the financial statements | 8 - 12 |
BELZ RELIEF LTD
(A company limited by guarantee)
Reference and administrative details of the Company, its Trustees and advisers For the Year Ended 30th June 2025
| Trustees | Hirsch Rottenberg |
|---|---|
| David Spitzer | |
| Benny Hoffman | |
| Company registered number 12683696 Charity registered number 1192313 Registered office 140 High Road London N15 6JN Accountants Accshire Accountancy LLP Chartered Certified Accountants 123 Clapton Common London E5 9AB Bankers LLoyds Bank |
Page 1
BELZ RELIEF LTD
(A company limited by guarantee)
Trustees' report For the Year Ended 30th June 2025
The Trustees present their annual report together with the financial statements of the Company for the 1st July 2024 to 30th June 2025. The Annual report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).
Since the Company qualifies as small under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.
Objectives and activities
Policies and objectives
The Charity's objectives are the prevention or relief of poverty or hardship, in particular those arising from unforseen circumstances, and to advance such charitable purposes as the trustees see fit.
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
Achievements and performance
Main achievements of the Company
During the year, the charity raised funds which were invested in order to create a long-term income base for the charity so that it could fulfill its charitable objectives for years to come.
The charity distributed grants of £47,600 (2023:£33,555) in the year.
Financial review
Going concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements.
Reserves policy
The charity is required to maintain sufficient reserves to ensure that it can continue its grant-making activities.
Page 2
BELZ RELIEF LTD
(A company limited by guarantee)
Trustees' report (continued) For the Year Ended 30th June 2025
Structure, governance and management
Constitution
Belz Relief Ltd is registered as a charitable company limited by guarantee and was set up by a Memorandum and Articles of Association dated 19 June 2020.
Methods of appointment or election of Trustees
The management of the Company is the responsibility of the Trustees who are elected and co-opted under the terms of the articles of assocation.
Statement of Trustees' responsibilities
The Trustees (who are also the directors of the Company for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial . Under company 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 Company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
-
select suitable accounting policies and then apply them consistently;
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observe the methods and principles of the Charities SORP (FRS 102);
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make judgments and accounting estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time 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 detection of fraud and other irregularities.
Approved by order of the members of the board of Trustees and signed on their behalf by:
................................................ Hirsch Rottenberg Trustee Date:
Page 3
BELZ RELIEF LTD
(A company limited by guarantee)
Independent examiner's report For the Year Ended 30th June 2025
Independent examiner's report to the Trustees of Belz Relief Ltd ('the Company')
I report to the charity Trustees on my examination of the accounts of the Company for the year ended 30th June 2025.
Responsibilities and basis of report
As the Trustees of the Company (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are 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 Company's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
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:
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accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or
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the accounts 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 (FRS 102)].
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.
This report is made solely to the Company's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Company's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Company and the Company's Trustees as a body, for my work or for this report.
Signed: Dated: Esther Royde FCCA
Accshire Accountancy LLP
Chartered Certified Accountants
Page 4
BELZ RELIEF LTD
(A company limited by guarantee)
Statement of financial activities (incorporating income and expenditure account) For the Year Ended 30th June 2025
| Note Income from: Donations and legacies 3 Investments 4 Total income Expenditure on: Raising funds 5 Charitable activities 6,7 Total expenditure Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward |
Unrestricted funds 2025 £ 500 64,817 65,317 13,583 36,737 50,320 14,997 802,084 14,997 817,081 |
Total funds 2025 £ 500 64,817 65,317 13,583 36,737 50,320 14,997 802,084 14,997 817,081 |
Total funds 2024 £ 6,010 61,550 67,560 22,298 49,604 71,902 (4,342) 806,426 (4,342) 802,084 |
|---|---|---|---|
The Statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 8 to 12 form part of these financial statements.
Page 5
BELZ RELIEF LTD
(A company limited by guarantee) Registered number: 12683696
Balance sheet As at 30th June 2025
| Note Fixed assets Investment property 9 Current assets Cash at bank and in hand Current liabilities Creditors: amounts falling due within one year 10 Net current assets Total assets less current liabilities Total net assets Charity funds Unrestricted funds 11 Total funds |
18,782 18,782 (1,700) |
2025 £ 800,000 800,000 17,082 817,082 817,082 817,082 817,082 |
3,784 3,784 (1,700) |
2024 £ 800,000 |
|---|---|---|---|---|
| 800,000 2,084 |
||||
| 802,084 | ||||
| 802,084 | ||||
| 802,084 | ||||
| 802,084 |
Page 6
BELZ RELIEF LTD
(A company limited by guarantee) Registered number: 12683696
Balance sheet (continued) As at 30th June 2025
The Company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
Hirsch Rottenberg
Trustee Date:
The notes on pages 8 to 12 form part of these financial statements.
Page 7
(A company limited by guarantee)
BELZ RELIEF LTD
Notes to the financial statements For the Year Ended 30th June 2025
1. General information
Belz Relief Ltd is a charitable trust registered in England and Wales under the Charities Act. The address of the registered office is given on the Information page.
2. Accounting policies
2.1 Basis of preparation of financial statements
The financial statements 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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Belz Relief Ltd meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
2.2 Income
All income is recognised once the Company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.
2.3 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 allocated on the portion of the asset’s use.
Expenditure on raising funds includes all expenditure incurred by the Company to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Company's objectives, as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
Page 8
(A company limited by guarantee)
BELZ RELIEF LTD
Notes to the financial statements For the Year Ended 30th June 2025
2. Accounting policies (continued)
2.4 Investment Property
Investment property is carried at fair value determined annually by the directors, with the use of external valuations, the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the SOFA.
2.5 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term 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.
2.6 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at 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.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.
2.7 Financial instruments
The Company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
2.8 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Company and which have not been designated for other purposes.
Investment income, gains and losses are allocated to the appropriate fund.
Page 9
BELZ RELIEF LTD
(A company limited by guarantee)
Notes to the financial statements For the Year Ended 30th June 2025
3. Income from donations and legacies
| Donations 4. Investment income Investment income - rental income 5. Investment management costs Insurance Repairs and maintenance Management fees 6. Analysis of grants Grants payable |
Unrestricted funds 2025 £ 500 Unrestricted funds 2025 £ 64,817 Unrestricted funds 2025 £ 1,155 6,206 6,222 13,583 Grants to Institutions 2025 £ 34,980 |
Total funds 2025 £ 500 Total funds 2025 £ 64,817 Total funds 2025 £ 1,155 6,206 6,222 13,583 Total funds 2025 £ 34,980 |
Total funds 2024 £ 6,010 |
|---|---|---|---|
| Total funds 2024 £ 61,550 |
|||
| Total funds 2024 £ 1,090 16,364 4,844 |
|||
| 22,298 | |||
| Total funds 2024 £ 47,600 |
Page 10
BELZ RELIEF LTD
(A company limited by guarantee)
Notes to the financial statements For the Year Ended 30th June 2025
6. Analysis of grants (continued)
The Company has made the following material grants to institutions during the year:
| Name of institution Hachzokas Torah Vechesed Charity Amud Hatzoka Trust Other grants to institutions |
2025 £ 9,400 8,500 |
|---|---|
| 17,900 17,080 |
|
| 34,980 |
7. Analysis of expenditure by activities
| Grant | ||||
|---|---|---|---|---|
| funding of | Support | Total | Total | |
| activities | costs | funds | funds | |
| 2025 | 2025 | 2025 | 2024 | |
| £ | £ | £ | £ | |
| Grants to institutions | 34,980 | 1,757 | 36,737 | 49,604 |
8. Trustees' remuneration and expenses
During the year, no Trustees received any remuneration or other benefits (2024 - £NIL) .
During the year ended 30th June 2025, no Trustee expenses have been incurred (2024 - £NIL) .
Page 11
BELZ RELIEF LTD
(A company limited by guarantee)
Notes to the financial statements For the Year Ended 30th June 2025
9. Investment property
| Valuation At 1 July 2024 At 30th June 2025 |
Freehold investment property £ 800,000 |
|---|---|
| 800,000 |
The 2025 valuations were made by the trustees, on an open market value for existing use basis.
10. Creditors: Amounts falling due within one year
| Other creditors Accruals and deferred income |
2025 £ 700 1,000 1,700 |
2024 £ 700 1,000 |
|---|---|---|
| 1,700 |
11. Statement of funds
Statement of funds - current year
| Balance at | Balance at | |||
|---|---|---|---|---|
| 1st July | 30th June | |||
| 2024 | Income | Expenditure | 2025 | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General Funds - all funds | 802,084 | 65,317 | (50,319) | 817,082 |
Page 12