Charity number: 1197455
TAK CHARITABLE TRUST
UNAUDITED
TRUSTEES' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
TAK CHARITABLE TRUST
CONTENTS
| Page | |
|---|---|
| Reference and administrative details of the Charity, its Trustees and advisers | 1 |
| Trustees' report | 2 - 3 |
| Statement of financial activities | 4 |
| Balance sheet | 5 |
| Notes to the financial statements | 6 - 13 |
TAK CHARITABLE TRUST
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2025
Trustees Adam S Katten, Chair Rafi S Katten, Trustee Tamar A Katten, Trustee
Charity registered number 1197455 Principal office Flat 2 Newlands House Tenterden Grove London NW4 1SY Accountants Nyman Libson Paul LLP Chartered Accountants 124 Finchley Road London NW3 5JS
Page 1
TAK CHARITABLE TRUST
TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2025
The Trustees present their annual report together with the financial statements of the Charity for the 1 January 2025 to 31 December 2025.
Objectives and activities
a. Policies and objectives
TAK Charitable Trust was formed to provide grants towards organisations across a broad sector of charitable causes.
The objects of the CIO are to further their charitable purposes through the provision of grants to other charities and organisations, in particular:
a) The prevention or relief of poverty.
b) The relief of those in need, by reason of youth, age, sickness, ill-health, disability, financial hardship or other disadvantage.
c) The advancement of education.
d) The promotion of social inclusion by relieving the needs of those individuals who are socially excluded and assisting with their integration into society through the support of community projects and charities.
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)'.
b. Activities undertaken to achieve objectives
During the period the charity made total grants of £1,930, including £1,750 to Youth Engagement Solutions (YES), a charity which supports disadvantaged young people.
Achievements and performance
Financial review
a. Going concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity 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. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
b. Reserves policy
Total reserves, which are all unrestricted and for general charity purposes, as at 31 December 2025 were £297,708 (2024: £268,510). This includes income from donations of £200 (2024: £56,000) and charitable expenditure of £3,223 (2024: £6,321). The Trustees seek to ensure that unrestricted reserves are at a level that will fund 6 months expenditure.
Structure, governance and management
a. Constitution
TAK Charitable Trust is a registered charity, number 1197455, and is constituted under a Trust deed.
Page 2
TAK CHARITABLE TRUST
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025
Structure, governance and management (continued)
b. Methods of appointment or election of Trustees
The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed.
Apart from the first charity Trustees, every trustee must be appointed by a resolution passed at a properly convened meeting of the charity trustees.
The charity trustees will make available to each new charity trustee, on or before his or her first appointment: (a) a copy of the current version of their constitution; and
(b) a copy of the latest Trustees’ Annual Report and statement of accounts.
Statement of Trustees' responsibilities
The Trustees 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).
The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial which give a true and fair view of the state of affairs of the Charity 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;
-
observe the methods and principles of the Charities SORP (FRS 102);
-
make judgments and accounting estimates that are reasonable and prudent;
-
state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
-
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 adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. 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.
Approved by order of the members of the board of Trustees on 14 July 2026 and signed on their behalf by:
Adam S Katten
(Trustee)
Page 3
TAK CHARITABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2025
| Note Income from: Donations and legacies 3 Investments 4 Total income Expenditure on: Raising funds 5 Charitable activities 7 Total expenditure Net income Net gains on investments Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward |
Unrestricted funds 2025 £ 200 392 592 192 3,031 3,223 (2,631) 31,829 29,198 268,510 29,198 297,708 |
Total funds 2025 £ 200 392 592 192 3,031 3,223 (2,631) 31,829 29,198 268,510 29,198 297,708 |
Total funds 2024 £ 56,000 360 |
|---|---|---|---|
| 56,360 | |||
| 381 5,940 |
|||
| 6,321 | |||
| 50,039 14,003 |
|||
| 64,042 | |||
| 204,468 64,042 |
|||
| 268,510 |
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 6 to 13 form part of these financial statements.
Page 4
TAK CHARITABLE TRUST
BALANCE SHEET AS AT 31 DECEMBER 2025
| Note Fixed assets Investments 9 Current assets Cash at bank and in hand Creditors: amounts falling due within one year 10 Net current assets Total net assets Charity funds Restricted funds 11 Unrestricted funds 11 Total funds |
16,718 16,718 (780) |
2025 £ 281,770 281,770 15,938 297,708 - 297,708 297,708 |
5,720 5,720 (1,140) |
2024 £ 263,930 |
|---|---|---|---|---|
| 263,930 4,580 |
||||
| 268,510 | ||||
| - 268,510 |
||||
| 268,510 |
The financial statements were approved and authorised for issue by the Trustees on 14 July 2026 and signed on their behalf by:
Adam S Katten
Trustee
The notes on pages 6 to 13 form part of these financial statements.
Page 5
TAK CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
1. General information
TAK Charitable Trust is a Charitable Incorporated Organisation registered in England and Wales. Its registered office address is Flat 2 Newlands House, Tenterden Grove, London, NW4 1SY.
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 Charities Act 2011.
The financial statements have been prepared to give a 'true and fair' view and 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 Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
TAK Charitable Trust 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 Going concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity 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.
2.3 Income
All income is recognised once the Charity 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.
2.4 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 on raising funds includes all expenditure incurred by the Charity to raise funds for its charitable purposes.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
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TAK CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
2. Accounting policies (continued)
2.5 Investments
Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the balance sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(Losses) on investments’ in the statement of financial activities.
2.6 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.
2.7 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.
2.8 Financial instruments
The Charity 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.
2.9 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 Charity and which have not been designated for other purposes.
Investment income, gains and losses are allocated to the appropriate fund.
3. Income from donations and legacies
| Donations Total 2024 |
Unrestricted funds 2025 £ 200 56,000 |
Total funds 2025 £ 200 56,000 |
Total funds 2024 £ 56,000 |
|---|---|---|---|
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TAK CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
4. Investment income
| Income from investments Total 2024 |
Unrestricted funds 2025 £ 392 360 |
Total funds 2025 £ 392 360 |
Total funds 2024 £ 360 |
|---|---|---|---|
5. Investment management costs
| Investment management fees Total 2024 |
Unrestricted funds 2025 £ 192 381 |
Total funds 2025 £ 192 381 |
Total funds 2024 £ 381 |
|---|---|---|---|
6. Analysis of grants
| Grants Total 2024 |
Grants 2025 £ 1,930 4,500 |
Total funds 2025 £ 1,930 4,500 |
Total funds 2024 £ 4,500 |
|---|---|---|---|
The Charity has made the following material grants to institutions during the year:
Page 8
TAK CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
6. Analysis of grants (continued)
| Name of institution Youth Engagement Solutions Cancer Research UK British Emunah Ner Gemach |
2025 £ 1,750 - - 180 1,930 1,930 |
2024 £ 4,000 250 250 - |
|---|---|---|
| 4,500 | ||
| 4,500 |
7. Analysis of expenditure by activities
| Charitable activities Total 2024 |
Grant funding of activities 2025 £ 1,930 4,500 |
Support costs 2025 £ 1,101 1,440 |
Total funds 2025 £ 3,031 5,940 |
Total funds 2024 £ 5,940 |
|---|---|---|---|---|
Page 9
TAK CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
7. Analysis of expenditure by activities (continued)
Analysis of support costs
| Accountancy Sundry |
Total funds 2025 £ 1,080 21 1,101 |
Total funds 2024 £ 1,440 - |
|---|---|---|
| 1,440 |
8. Trustees' remuneration and expenses
During the year, no Trustees received any remuneration or other benefits (2024 - £NIL).
During the year ended 31 December 2025, no Trustee expenses have been incurred.
Page 10
TAK CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
9. Fixed asset investments
| Cost or valuation At 1 January 2025 Disposals Revaluations At 31 December 2025 Net book value At 31 December 2025 At 31 December 2024 |
Listed investments £ 263,930 (14,189) 32,029 281,770 281,770 263,930 |
|---|---|
10. Creditors: Amounts falling due within one year
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Accruals | 780 | 1,140 |
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TAK CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
11. Statement of funds
Statement of funds - current year
| Balance at | |||||
|---|---|---|---|---|---|
| Balance at 1 | 31 | ||||
| January | Gains/ | December | |||
| 2025 | Income | Expenditure | (Losses) | 2025 | |
| £ | £ | £ | £ | £ | |
| Unrestricted funds | |||||
| General Funds - all funds | 268,510 | 592 | (3,223) | 31,829 | 297,708 |
| Statement of funds - prior | year | ||||
| Balance at | |||||
| Balance at | 31 | ||||
| 1 January | Gains/ | December | |||
| 2024 | Income | Expenditure | (Losses) | 2024 | |
| £ | £ | £ | £ | £ | |
| Unrestricted funds | |||||
| General Funds - all funds | 204,468 | 56,360 | (6,321) | 14,003 | 268,510 |
12. Analysis of net assets between funds Analysis of net assets between funds - current year
| Fixed asset investments Current assets Creditors due within one year Total |
Unrestricted funds 2025 £ 281,770 16,718 (780) 297,708 |
Total funds 2025 £ 281,770 16,718 (780) 297,708 |
|---|---|---|
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TAK CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
12. Analysis of net assets between funds (continued)
Analysis of net assets between funds - prior year
| Fixed asset investments Current assets Creditors due within one year Total |
Unrestricted funds 2024 £ 263,930 5,720 (1,140) 268,510 |
Total funds 2024 £ 263,930 5,720 (1,140) 268,510 |
|---|---|---|
13. Related party transactions
During the period the charity received donations of £200 (2024: £56,000) from A Katten, a Trustee of the charity.
During the period the charity made donations of £1,750 (2024: £4,000) to Youth Engagement Solutions, a charity in which A Katten is a Trustee.
Page 13