COMPANY REGISTRATION NUMBER: 13718842 CHARITY REGISTRATION NUMBER: 1198282 Ktrust Ltd Compally Llmlted by Guarantee Unaudited Financial Statements 30 November 2024
Ktrust Ltd Company Limited by Guarantee Financial Statement5 Year ended 30 November 2024 Page TNslees' annual report (inCorw)rlng the dIreor.5 rryort) Independent examinefs rert lo ihe INslees Statcm¢nl of financial activilies (including income and expendilutE account) Statement of financial position Notes to the fina181 statements
Ktrust Ltd Company Limiled by Guarantee Trustees, Annual Report (Ineorporating the Dire¢lor's Report) Year ended 30 Yovember 2024 The irustccs, who are also the direclors for the purposes of company law. prcscni ih¢ir report ihc unaudited financial slalemenls of ihc charily for th¢ y¢aT ¢ndcd 30 Novcmbcr 2024. REFERENCE AND ADMINISTRATIVE DETAI[ Registered ¢harity name Charlty registraliDn number Company reglstr#tl•n oumber 13718842 Prlnclpal office and registered Derwent HO Fifth Avenue offi¢¢ Tc8m Valley TTading Esia Gatcshcad NEII ONL Kiru5t Ltd 1198282 THE TRVSTEES Mi E Halberstsdt Mr5 M R HaIrStadi Mr A Rabinowiii Independent examiner Bcnny BTenig FCA Cohen Arnold Ncw Burlingion HOSe 1075 Fin¢hl¢y Road London NWI I OPU STRucfuRE. GOVERNANCE AND MANAGEMENT Governlng doeument The charity is governed by lis Mcmorandom and Article of Association. Appointment Training *Ad RecruitmeAt ofTrnstees Thc organisaiion is run by ih¢ trusLcLs who all acl in an honorary capacity. The statulory power of ap]n11g Iru515 QT w new truslee shall be exercisable by ihe truslees during their join¢ lives and ihcrcaftcr by the survivor of ihem. Non¢ of th¢ Irustccs hav¢ any rfiCial intercsl in thc charity.
KiThst Ltd Company Limited by Gulranlee Trustees, Annual Report (Incorporating the Director's Report) Year ended 30 November 2024 STRucfuRE, GOVERNANCE AND MANAGEMENT1¢¢•) Rlsk maAagement Th¢ tru51¢¢5 hav¢ id¢ntified and rcvicwcd ihe njOr risks to which thc charity is cxposcd. in pariicular those rclated io the operalions and finance of ihe charity. and are satisfied thai sysienL% are in place io miiigaie ihose risks. Finan¢il risk mn*gement 3Trd policies The charily IM)Ids or issue financial inrnnts in order io achieve thiee main objeciives being.. to finance its operaiions to manag¢ 115 cxposure lo inleresl and currency risks arising from operatio8 atHI from ils sources of financc- and for Berterdting funds. In addiiion various financial insiTuments (e.g. trade dcmors, trddc Creditors, accruals and pr¢paymcnls) arisc directly from ihe chaTills operalions. Credlt rtsks b) The chariiy moniiors eredil risk closcly and Conside that its current policies of credit risk ChkS me¢ts its objeclives of managing exposuTC lo credil risL Thc charity has no significant conCcnlTalio of credil risks. Amounis shown in ihc balancc shcei represent Ihe maximum credii exposure in the event othLY parties fail io rr{omI their obligaiiong under ihe finaneial instrumcnt. li is reeognised Ihai sysierns ean Only providc rcasonablc but noi absolut¢ assurancc ihat major risks have been adcquatcly managcd. OBJECTIVLS AND AcfIviTIES Objectives The chariiy is emablished for ihe puryM)se of th¢ advan¢¢¥M)t of eharitAbl¢ purposes (a¢¢ording 10 th¢ law of England and Wales) a5 Ihc tru5Lccs scc fil from timc to timc in parlicular but r1 limiled to making grants iowards advancing lh¢ orth(dox J¢wish faith. ih¢ rclicf of SICkR and pr¢scrvalion of health and ihe relief of financial hardship and poverty. Activities The charily makes granis 10 various insiiiuiions which are ideniified by the irustces as advancing ihe objcclivcs of th¢ charily. Therc arc no changcs envisagcd in the immcdiatc fulurc. Public benefit The lrnslces havc cotLsidcred lh¢ Charity Commissions guidanc¢ on pybli¢ b¢n¢fii and ¢onsid¢r ihat the charily COnforn wilh them. STRATEGIC REPORT The following seeiions for aChicv¢ts pcrforniancc and financial revicw and invcstmcnt policy fom) Ihc Siralegic report of ihc ch¥rily.
Ktrust Ltd Company Llmlted by Gu&ranlee Tru$t¢e$' Report (Incorporating the Dirertvr'% Report) Ironllnwé41 Year ended 30 November 2024 ACHIF.VFMF.NTS AND PF.RFORMANCF. Th¢ financial sliS of ihe Componls aclivities foT ihe year Are fully rcflecied in Ihc Qilachcd FiDanctal Sialcmertis logcthcr wilh ihe Noles Ihcrcon. FINANCIAL REVIEW AND INVESTMENT POLICY The Trusiees consider Ihc posilion of ihc chariiy to be salisfieiory. PIANS FOR FUTURE PERIODS The charity wlll coniinuc il$ ch4riiabl¢ endcovours subjecl lo li$ incoming rcsources. Graftt mAklni polley Thc chorily 8¢¢¢pls &ppli¢alion for branis from repres¢nialives of Orthodox Jewish ¢haritic& whi¢h are rcviewed by Ihe IruslE¢$ on ) regular basis. Reserve8 poII¢y Th¢ ¢harily otiempls lo malhiain suffi¢i¢nl rcsLYV¢S io mcci IhL' ever ii)crcasing dcmand on 11$ funds from various ¢harilablc in81iiulions. TIK iru¥tc¢s' annual report and the 5irnlc8i¢ reporf w¢r¢ approved on on bcl? Irof Ihc bnard of Iru51cL8 by.. nd signed Mr F. HAlbw8l¥Ldt Tru%lee
Ktrugt Ltd Company Limlted by Guarantee Independent Examiner's Report to the Trustees of Ktrust Ltd Ye¥r ended 30 November 2024 I rcTK)rt lo Ihc irustecs on my cxaminaliott of ihe financial slatcmcnls of Kirusi Ltd ('Ih¢ chE4rily'l for the year ended 30 Novernbcr 2024, RESPONSIBILITJFS AND BASIS OF REPORT As Ihe Irusl¢¢s of lh¢ Company (and also its dircclors foi Ihc purposes of company law) you ar¢ rcspon5ibl¢ for ihc prep¥ralion of thc financial slalcmcnls in 8ccordanc¢ witli ihe r¢quircm¢nis of Ilie Companics A¢(2006 ('Ihc 2006 AeL'I. Having 8ali8fied myself Ihal the oecounis ofilic eompony are noi r¢quir¢d to bc 4udilcd undcr Parl 16 of Ihc 2006 Acl ynd arc cligibl¢ for indepcnd¢ni ¢xainiiialion, I report in rLspLCt of my Lxaminalion of lh¢ khariiy y acLounls as cdrriLd oul undcr scction 145 of ihe C.hAriiie% Act 2011 ('Ihc 201 l Act,). In carrying out my examinalion I have ftsllowcd the Dire¢iions given by Ihc Charily Comniissiun under S¢¢lion 1451511b) of ihc 2011 Act. INDEPENDENT EXAMINER'S ST ATEMENr have compl¢¢cd my cxgminalion. I confirm thai mthttews liav¢ ¢omc lo my aiicniion in conncclion with thr Lxaminalion Biving mc ¢au5e io beli¢vc.' C¢OUllling rccordi wore rtoi kept in r¢.8PCCt ofthc charily as required by seciion 386 of the 2006 Act: QT Ihe financiol sialemenis do nol accoi'd wilh ihow Tccords., or Ihe financial $iAlemeniS do nol comply with accounting requiromcnls ofseclion 396 of Ihe 2006 Aci oihcr ihan any rcquircmcni ihal ihe accounis 8ivc A 'lrne and fai view which is noi & iiiallcr ¢onsid¢r¢d as ptsrl Ot. an ind¢pcndcni cxaminalion., or Ihe financial stai¢menls have noi becn pr¢par¢d in accordance wilh th¢ methods and principles of Ihc Siaieincnl of Rccomn)ci)d¢d Praclic¢ for uccounling and rcporiinu by hariliLS applicabl¢ 10 ¢hArilie8 prep&riiig iheir accrfyuAI8 in aecrfftrdllnce with Ihc Flnancial Reporiing Siandard applicable in ih¢ UK and Republic of Ireland IFRS 102). havL' no coneems and havc ¢omc across no oihcr In&ii¢rs conne¢iion with Ihc exaniinAiion lo which itlention Should bc drawn in this reporl in order io ¢n¥blL a prop6r und¢rs14ndin8 (If il)¢ 8crounls lo be rcached. Bcttny Br¢nig FCA Cohcn Arnold Ind¢pcndenl Exainincr New 8uTling(on Housc 1075 Finclilcy Road London NWII OPU
Ktrust Ltd Comp¥ny Limited by Guar•ntee Siattmtnt of Financial Activities (induding income and expenditure account) Year eoded 30 Yi ovejnber 2024 2024 Unrestricied nd5 Total funds Total fund5 2023 Intome and endowmeN15 Donations and Icgacics Total income 146.4 14@4110 I440 131,500 131,500 146.4fy) ExpeDdi¢ure Expenditure on charitable activities Total expenditure A7 I140.3} 1140JOO) 1132.8491 (140)> {14OJDO) (132.8491 Net Inromel(expenditure) and ne¢ ThovemeDt in C¥wds 6,1(Kl 6,100 11,3491 ReconcillatloTr of funds Total funds brought Forward Total funds c¥Jrried forward (1299) 4,801 (1399 50 4,8111 11,2991 The slalemcnl or rinancial acsivities incluts all gains and losses recognised in ihc ycar. All iom¢ and cxp¢nditur¢ dLYiv¢ fr(vn c(mlinuing a¢iiviti¢s. Tht llo¢tsoD pee5 7 to lo l•r• p•r¢ •fihe5e fu¢11 51*teThnl&
K¢nl Ltd Cornp4ny Llmited by Guarantee Slatement of frlnanci&l Posltlon 30 N(bvember 2024 2024 2023 Current assets Cash at bank and in hand 0,721 11,920) 4WII 4001 4,801 201 Credltors: amounts f#lllni due wlthln ODe year Net currtnt 8$set$ 12 11.500) {1,2991 {1,2991 11,2991 Ttstal sisrti le$8 ¢urrent Ilibllltlei Net 8M¢lJ Fundh of the eharity Unr¢slrieled fund5 4,801 4,801 11,2991 (1,2991 Totgl ¢h•rlty fundj For ihe year ¢ndin8 30 Novombcr 2024 Ihe charity was eniiLled CXLmplion from audil u[er s¢clion 477 of th¢ Comp#ni¢s Act 2006 rcl4iin8 10 small ¢omp&nies. Dircciorf rcsponsibilitics.. Th¢ members hyvc noi requircd ih¢ company 10 obtain an Audii of ils finan¢i81 sl8iemenls for Ihe y¢8Y in quesiion in Aecordanc¢ wilh sKlion 476,. Thc dircclors ll¢knowledgc iheir r¢$ponsibililies for complying wilh Ihe requiremenis of Ihe A¢1 wilh r¢speci to accouniing rccord5 and Ihe prcparaiion of finuncial slalcmcn¢s. Th¢se financial sihiemenis hav¢ bccn pparQd in a¢¢ord4nc¢ wilh the provisigns applicable io coinpanics 5ubjecl lo the small compaiiies, rcgimc. rinanri418lalcmenls wor¢ approved by lh¢ board of Irusiccs and auihori5cd for ISBUC on i•t , and are signcd on behilf of ihe board by.. 13 i E Halbcrslpldi Truslec The RDILii pAy$ 7 lo Ilj f•rTh p4ri of ihese nnanclal 5t*temtnlL
Ktrust Ltd Company Llmlted by Guarnntee Notes to the Flnaneial Statements Year ended 30 November 2024 General informatlon Th¢ charily is a public iKn¢fil tIlY aDd a pri1¢ con)pany limited by guwrantcc, rcgi5tCd in EnglaThJ and Walcs and a Tegistercd charity in England and Walcs. The address of the registcrcd ole¢ is Dcrweni HOSe Fiflh Avene. Team Valley Ttxding Esiaic. Gaieshead, NEI I ONL. ststemen¢ of compliaDre These financial sialements have been prepared in compliancc wilh FRS 102, 'The Financial R¢por(ing Siandard applicabl¢ in th¢ UK and the Republic of Ireland., ¢hc staternt of Recommendcd Prdciicc applicable io chariiies preparing iheir accounts in accordance with Ihe Financial RqM)rting Stand&rd applieable in the UK and Republic of Ireland (FRS 102) (Charilies SORP (FRS 102)) and the Companies Aci 21XJ6. Accoumtlng pollcies Basis of preparation The financial siaiemenis hayc l*en prcparcd on the historical cost basi& Golng ¢oth¢ern There are no malerial rertaInlI¢S about ihc chalilS abilily to conlinuc. Jlldgements and key sources ol estimation uotertsiDty The prcpardlion of th¢ financial stalements requires ni8nagewnenl lo make judgenntS, ¢stimates and assumptions ihat affcci ihe anWitS reIed. Thcse cmimales and judgemcnls are continually reviewed and are based exrienc¢ and oih¢r faclors, including exp¢clali0% of fvlure events ihat are believed to be reasonablc undcr ihe circumslances. FuNd accouAtiJbg Unrn7triclod funds aw iyail¥blc foT usc al thc di%rclion of thc tru51ccs lo furthcr any or th charity's purpo. D¢signal¢d funds are unrcstricted hnds caTmarkcd by thc Iruslecs for pariicular fulurc project or eommiimenL. Restric(ed funds are subjccid io rcslriciions on iheir expendiiure declared by the donor or through ihc lerm5 of an appeal. and fall into onc of two subvclasscs.. rcslricied incOw funds or endowmen¢ funds. In¢omittg r¢sour¢¢s All income is included in ihe statement of financial aciivities when eniiilemeni has passed to the charity. il 15 probable ihat the economic benefi15 associated wilh the Iran¢110n will flow to ihe chariiy and the anUnt can be reliably measured. Income from donaiions is rccogniscd on receipt. Re50urce5 expended Exp¢pdltu is rcrogniscd on an acrTuals basis as a liability is incuTr¢d. Expcndilur¢ includ¢s any VAT which cannoi bc fully recovered, and is C1]ficd ter headings of ihe siaicmeni of financial acltvili¢s to which il rclJ¢cs=
Ktrst Ltd Company Limited by Guarantee Notes to the Financial Statements Year ended 30 November 2024 Accounting policies (C1) Resources expended Expcndilurc on chariiablc aciiviiies includes all c05ts incurrd by a charily in undcrtaking a¢livilies ihat further ils charilable ain for the benefit of ils bcncficiarics. including those support cosis and ¢osis r¢laiing io Ihe gov¢man¢¢ ol th¢ ¢harily apporlion¢d io chaTiiablc aetivilies. Fijbancial instrument5 A financial &sset or a financial liability is reeognised only wh¢n the enlity becomes a party to the contraclual provisions of thc instru[rn1. Basic financial inslTuments are inilially recognised ai the amounl receivablc or paable including any relaied Iransaciion costs. unle&8 ihe arr8ngenni ¢onstitul¢S a flnancing iransaction, whcr¢ it is r¢¢ognIS #t lh¢ prwnl Val of thc fvturc pay1)lts di5countLYJ at a market rate of inlerest for a similar de 1nsirunn(. Curreni assets and curreni liabiliiies are subsequently MeasUd al ttjc cash or oihcr considcraiion io b¢ paid or rL¥¢ivcd atKI not discounled. Debi inslrumcnls arc sub5cqucnily tnea5ud at amortid rosl. Llmlted by gu•rJut¢t The charity is a company limiicd by guaraniec a1 has no share capital. The liability of ¢ach mcmb¢r in the ¢v¢ni of winding up is limii¢d io £10. Donatlons attd le£cies Unresiricied Tolal Funds Unresiricied Total Funds 2024 Fund5 2023 DonitlDIIS Donaiions 146.4(K) 146,40D 131,5(K) 131,500 Donations r¢¢¢iv¢d include amunts r¢¢eiYed from ¢nlili¢s ¢onn¢ct¢d io ih¢ irusiecs. Expendltmre on charltable A¢tlvlt6es by fund type Unresiricied Toial Funds Unresiricled Total Funds Funds 2024 Funds 2023 Grdnts paid Suppori cosis 137.860 lJ7,860 131.280 1,569 131,280 1,569 140.31K) 140,31M) 132,849 132,849
Ktryst Lld Company Limited by Guar•ntee Notes to the Flnancil Statements Year ended 30 November 2024 Expenditure on ehAritxble #clivities by activity type Aclivilies undenakcn dir¢cily Suppori costs Total funds 2024 Total fund 2023 Grants paid GovernatKe costs 137.860 137.860 2.440 131.280 1.569 2.440 137.860 2.440 140JOD 132.849 Anaty5ls of grants 2024 Achisomoch Aid Company Limiied Galeshead Kehilla Kollel Ltd Amud Halzdokoh Trusl Sundry granls (ur £5,(M)O) 98,610 14,1)1)o 18,250 137.860 Included in Sundry grants is an amounl of £3.0(Kl paid kn a charily of which one of ihe trustees is a iruslcc of this chariiy. Imdependent examintlon fees 2024 2023 Fecs payablc LO ihe indcpcndcnl cxamincr for= Indepcndenl examination of the finar)cial 51alcments 2,340 1.500 10. Staff costs The av¢rngc head couni of ¢nyloyc¢s during th¢ year was Nil {2023'. Nil). No employce received employee bencfiis of more than £60,IKIO during the year {2023'. Nill. I l. Trustee remlltterarfon attd expenses No rcmuneraiion or her bencfits from employmenl wilh thc charily or a rela¢cd cnlily wcre received by the trusices. 12. Credifor5: amounts falling due within one year 2024 2023 Accrtyals and d¢f¢rr¢d IOn 1,920 1,500
Ktrnsi Ltd Company Limited by Guarantee Note5 to the Fin8ncig1 Statementsic47ThHvdJ Year ended 30 November 2024 13. Analys1$ of ¢harltllble 14nd$ Unrestricted l#nds At At 30 November 2024 2023 Expendilurr Gcneral funds (1,299) 146,41K) (140,300) 4JOI Ai l Dccember 2022 Ai 30 November 2023 Inconr Exndit Gen¢rni funds 131,5 (132.849) (12991 14. Analysls of net Assets betweeo funds Unre51ricled Total Funds Funds 2024 Currenl ets Credilors Icss ihan l year Net assets 6,721 (1.920) 4,801 6,721 (1,920) 4,801 Unrcsiricled Toial Funds FutMIs 2023 Curreni asscis Crcdilors Icss than l year Net assets 201 (1.500) (1.2991 201 (1.500) (1299) 15. Related party trAnsgctions All tran5aclions wilh related parfi(s have teen discloscd in the Financial Statemcnls and the Notes ihereon. i•-