COMPANY REGISTRATION NUMBER: 13718842
CHARITY REGISTRATION NUMBER: 1198282
Ktrust Ltd
Company Limited by Guarantee Unaudited Financial Statements
30 November 2025
Ktrust Ltd
Company Limited by Guarantee
Financial Statements
Year ended 30 November 2025
| Page | |
|---|---|
| Trustees' annual report (incorporating the director's report) | 1 |
| Independent examiner's report to the trustees | 4 |
| Statement of financial activities (including income and expenditure | |
| account) | 5 |
| Statement of financial position | 6 |
| Notes to the financial statements | 7 |
Ktrust Ltd
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report)
Year ended 30 November 2025
The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 30 November 2025.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered charity name Ktrust Ltd Charity registration number 1198282 Company registration number 13718842 Principal office and registered Queen Street Business Centre office 117 Queen Street Gateshead NE8 2ST
THE TRUSTEES
Mr E Halberstadt Mrs M R Halberstadt Mr A Rabinowitz Independent examiner Benny Brenig FCA Cohen Arnold New Burlington House 1075 Finchley Road London NW11 0PU
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is governed by its Memorandom and Article of Association.
Appointment Training and Recruitment of Trustees
The organisation is run by the trustees who all act in an honorary capacity.
The statutory power of appointing new trustees or a new trustee shall be exercisable by the trustees during their joint lives and thereafter by the survivor of them.
None of the trustees have any beneficial interest in the charity.
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Ktrust Ltd
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 30 November 2025
STRUCTURE, GOVERNANCE AND MANAGEMENT (continued)
Risk management
The trustees have identified and reviewed the major risks to which the charity is exposed, in particular those related to the operations and finance of the charity, and are satisfied that systems are in place to mitigate those risks.
Financial risk management and policies
The charity holds or issue financial instruments in order to achieve three main objectives being:
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a) to finance its operations
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b) to manage its exposure to interest and currency risks arising from operations and from its sources of finance; and
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c) for generating funds.
In addition various financial instruments (e.g. trade debtors, trade creditors, accruals and prepayments) arise directly from the charity's operations.
Credit risks
The charity monitors credit risk closely and considers that its current policies of credit risk checks meets its objectives of managing exposure to credit risk.
The charity has no significant concentrations of credit risks. Amounts shown in the balance sheet represent the maximum credit exposure in the event other parties fail to perform their obligations under the financial instrument.
It is recognised that systems can only provide reasonable but not absolute assurance that major risks have been adequately managed.
OBJECTIVES AND ACTIVITIES
Objectives
The charity is established for the purpose of the advancement of charitable purposes (according to the law of England and Wales) as the trustees see fit from time to time in particular but not limited to making grants towards advancing the orthodox Jewish faith, the relief of sickness and preservation of health and the relief of financial hardship and poverty.
Activities
The charity makes grants to various institutions which are identified by the trustees as advancing the objectives of the charity. There are no changes envisaged in the immediate future.
Public benefit
The trustees have considered the Charity Commission's guidance on public benefit and consider that the charity conforms with them.
ACHIEVEMENTS AND PERFORMANCE
The financial results of the company's activities for the year are fully reflected in the attached Financial Statements together with the Notes thereon.
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Ktrust Ltd
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 30 November 2025
FINANCIAL REVIEW AND INVESTMENT POLICY
The Trustees consider the position of the charity to be satisfactory.
PLANS FOR FUTURE PERIODS
The charity will continue its charitable endeavours subject to its incoming resources.
Grant making policy
The charity accepts application for grants from representatives of Orthodox Jewish charities, which are reviewed by the trustees on a regular basis.
Reserves policy
The charity attempts to maintain sufficient reserves to meet the ever increasing demand on its funds from various charitable institutions.
SMALL COMPANY PROVISIONS
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
The trustees' annual report was approved on 28 April 2026 and signed on behalf of the board of trustees by:
Mr E Halberstadt Trustee
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Ktrust Ltd
Company Limited by Guarantee
Independent Examiner's Report to the Trustees of Ktrust Ltd
Year ended 30 November 2025
I report to the trustees on my examination of the financial statements of Ktrust Ltd ('the charity') for the year ended 30 November 2025.
RESPONSIBILITIES AND BASIS OF REPORT
As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements 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 charity’s accounts as 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 charity as required by section 386 of the 2006 Act; or
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the financial statements do not accord with those records; or
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the financial statements 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 financial statements 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.
Benny Brenig FCA Cohen Arnold Independent Examiner
New Burlington House 1075 Finchley Road London NW11 0PU
28 April 2026
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Ktrust Ltd
Company Limited by Guarantee
Statement of Financial Activities (including income and expenditure account)
Year ended 30 November 2025
| 2025 | 2024 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||
| funds | funds | Total funds | Total funds | ||
| Note | £ | £ | £ | £ | |
| Income and endowments | |||||
| Donations and legacies | 5 | 219,725 | 20,000 | 239,725 | 146,400 |
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| Total income | 219,725 | 20,000 | 239,725 | 146,400 | |
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| Expenditure | |||||
| Expenditure on charitable activities | 6,7 | (206,922) | – | (206,922) | (140,300) |
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| Total expenditure | (206,922) | – | (206,922) | (140,300) | |
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| Net income and net movement in | funds | 12,803 | 20,000 | 32,803 | 6,100 |
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| Reconciliation of funds | |||||
| Total funds brought forward | 4,801 | – | 4,801 | (1,299) | |
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| Total funds carried forward | 17,604 |
20,000 |
37,604 |
4,801 |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 7 to 11 form part of these financial statements.
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Ktrust Ltd
Company Limited by Guarantee
Statement of Financial Position
30 November 2025
| 2025 | 2024 | ||
|---|---|---|---|
| Note | £ | £ | |
| Current assets | |||
| Cash at bank and in hand | 41,452 | 6,721 | |
| Creditors: amounts falling due within one year | 12 | (3,848) | (1,920) |
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| Net current assets | 37,604 | 4,801 | |
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| Total assets less current liabilities | 37,604 | 4,801 | |
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| Net assets | 37,604 | 4,801 | |
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| Funds of the charity | |||
| Restricted funds | 20,000 | – | |
| Unrestricted funds | 17,604 | 4,801 | |
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| Total charity funds | 13 | 37,604 |
4,801 |
For the year ending 30 November 2025 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
These financial statements were approved by the board of trustees and authorised for issue on 28 April 2026, and are signed on behalf of the board by:
Mr E Halberstadt Trustee
The notes on pages 7 to 11 form part of these financial statements.
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Ktrust Ltd
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 30 November 2025
1. General information
The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is Queen Street Business Centre, 117 Queen Street, Gateshead, NE8 2ST.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Companies Act 2006.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
The financial statements are prepared in sterling (rounded to the nearest pound), which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or committment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal.
Incoming resources
All income is included in the statement of financial activities when entitlement has passed to the charity, it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. Income from donations is recognised on receipt.
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Ktrust Ltd
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 30 November 2025
3. Accounting policies (continued)
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
Expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or paable including any related transaction costs, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
4. Limited by guarantee
The charity is a company limited by guarantee and has no share capital. The liability of each member in the event of winding up is limited to £10.
5. Donations and legacies
| Donations and legacies | |||
|---|---|---|---|
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2025 | |
| £ | £ | £ | |
| Donations | |||
| Donations | 219,725 | – | 219,725 |
| Grants | |||
| Grants | – | 20,000 | 20,000 |
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| 219,725 | 20,000 | 239,725 | |
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| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2024 | |
| £ | £ | £ | |
| Donations | |||
| Donations | 146,400 | – | 146,400 |
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Ktrust Ltd
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 30 November 2025
5. Donations and legacies (continued)
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2024 | |
| £ | £ | £ | |
| Grants | |||
| Grants | – | – | – |
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| 146,400 | – | 146,400 | |
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Donations received include amounts received from entities connected to the trustees.
Grants received relate to an amount received from the National Lottery Community Fund. See note 13 for further detail.
6. Expenditure on charitable activities by fund type
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2025 | Funds | 2024 | |
| £ | £ | £ | £ | |
| Grants paid | 205,248 | 205,248 | 137,860 | 137,860 |
| Support costs | 1,674 | 1,674 | 2,440 | 2,440 |
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206,922 |
206,922 |
140,300 |
140,300 |
7. Expenditure on charitable activities by activity type
| Activities | ||||
|---|---|---|---|---|
| undertaken | Total funds | Total fund | ||
| directly | Support costs | 2025 | 2024 | |
| £ | £ | £ | £ | |
| Grants paid | 205,248 | – | 205,248 | 137,860 |
| Governance costs | – | 1,674 | 1,674 | 2,440 |
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205,248 |
1,674 |
206,922 |
140,300 |
8. Analysis of grants
| Analysis of grants | |
|---|---|
| 2025 | |
| £ | |
| Achisomoch Aid Company Limited | 115,900 |
| Gateshead Kehilla Kollel Ltd | 17,400 |
| Amud Hatzdokoh Trust | 14,000 |
| T & S Trust Fund | 11,898 |
| Dushinsky Trust Fund | 10,000 |
| Sundry grants <£10,000 | 36,050 |
|
|
205,248 |
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Ktrust Ltd
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 30 November 2025
9. Independent examination fees
| Independent examination fees | ||
|---|---|---|
| 2025 | 2024 | |
| £ | £ | |
| Fees payable to the independent examiner for: | ||
| Independent examination of the financial statements | 1,570 | 2,340 |
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10. Staff costs
The average head count of employees during the year was Nil (2024: Nil).
No employee received employee benefits of more than £60,000 during the year (2024: Nil).
11. Trustee remuneration and expenses
No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.
12. Creditors: amounts falling due within one year
| Creditors: amounts falling due within one year | ||
|---|---|---|
| 2025 | 2024 | |
| £ | £ | |
| Accruals and deferred income | 1,750 | 1,920 |
| Other creditors | 2,098 | – |
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| 3,848 | 1,920 | |
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Other creditors relate to amounts due to a company with Directors in common with some of the Trustees of this Charity.
13. Analysis of charitable funds
Unrestricted funds
| Unrestricted funds | |||||
|---|---|---|---|---|---|
| At | At | ||||
| 1 | December | 30 | November | ||
| 2024 | Income | Expenditure | 2025 | ||
| £ | £ | £ | £ | ||
| General funds | 4,801 | 219,725 | (206,922) | 17,604 | |
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| At | At | ||||
| 1 | December | 30 | November | ||
| 2023 | Income | Expenditure | 2024 | ||
| £ | £ | £ | £ | ||
| General funds | (1,299) |
146,400 |
(140,300) |
4,801 |
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Ktrust Ltd
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 30 November 2025
13. Analysis of charitable funds (continued)
Restricted funds
| Restricted funds | ||||||
|---|---|---|---|---|---|---|
| At | At | |||||
| 1 | December | 30 | November | |||
| 2024 | Income | Expenditure | 2025 | |||
| £ | £ | £ | £ | |||
| Restricted Fund | – | 20,000 | – | 20,000 | ||
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| At | At | |||||
| 1 | December | 30 | November | |||
| 2023 | Income | Expenditure | 2024 | |||
| £ | £ | £ | £ | |||
| Restricted Fund | – | – | – | – | ||
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Restricted funds relate to a National Lottery Community Fund grant received relating to the charity's Care Link project. This project aims to empower people from the Ultra-Orthodox Jewish community to gain better access to NHS support. The grant was received at the end of the financial year and expenditure in respect of this commenced shortly after the year end. The Trustees wish to record their appreciation to the National Lottery for their support towards this vital community project.
14. Analysis of net assets between funds
| Analysis of net assets between funds | |||
|---|---|---|---|
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2025 | |
| £ | £ | £ | |
| Current assets | 21,452 | 20,000 | 41,452 |
| Creditors less than 1 year | (3,848) | – | (3,848) |
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| Net assets | 17,604 | 20,000 | 37,604 |
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| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2024 | |
| £ | £ | £ | |
| Current assets | 6,721 | – | 6,721 |
| Creditors less than 1 year | (1,920) | – | (1,920) |
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| Net assets | 4,801 | – | 4,801 |
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15. Related party transactions
All transactions with related parties have been disclosed in the Financial Statements and the Notes thereon.
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