REGISTERED CHARITY NUMBER: 1205279
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 30 September 2025
for
Eitz Chayim
Paul Kraus & Co Certified Accountants London N15 6UB
Eitz Chayim
Contents of the Financial Statements for the Year Ended 30 September 2025
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | ||
| Independent Examiner's Report | 2 | ||
| Statement of Financial Activities | 3 | ||
| Balance Sheet | 4 | ||
| Notes to the Financial Statements | 5 | to | 8 |
| Detailed Statement of Financial Activities | 9 |
Eitz Chayim
Report of the Trustees for the Year Ended 30 September 2025
The trustees present their report with the financial statements of the charity for the year ended 30 September 2025. The trustees have adopted the provisions of 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).
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1205279
Principal address
162A Clapton Common London E5 E5 9AG
Trustees
D Benedikt (appointed 18.10.24) I Glausius (appointed 18.10.24) Y Glausius (appointed 18.10.24) S Glausius (appointed 18.10.24)
Independent Examiner
Paul Kraus FCCA Paul Kraus & Co Certified Accountants London N15 6UB
Approved by order of the board of trustees on 30 June 2026 and signed on its behalf by:
I Glausius - Trustee
Page 1
Independent Examiner's Report to the Trustees of Eitz Chayim
Independent examiner's report to the trustees of Eitz Chayim
I report to the charity trustees on my examination of the accounts of Eitz Chayim (the Trust) for the year ended 30 September 2025.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
Paul Kraus FCCA The Association of Chartered Certified Accountants
Paul Kraus & Co Certified Accountants London N15 6UB
25 June 2026
Page 2
Eitz Chayim
Statement of Financial Activities for the Year Ended 30 September 2025
| Period | |||
|---|---|---|---|
| 18.10.23 | |||
| Year Ended | to | ||
| 30.9.25 | 30.9.24 | ||
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| INCOME AND ENDOWMENTS FROM | |||
| Donations and legacies | 364,000 | 455,554 | |
| Investment income | 2 | 17,301 | - |
| Total | 381,301 | 455,554 | |
| EXPENDITURE ON | |||
| Raising funds | 3 | 39,654 | - |
| Charitable activities | |||
| gifts to charity | 4,550 | - | |
| general | 27,733 | - | |
| Other | - | 73,800 | |
| Total | 71,937 | 73,800 | |
| NET INCOME | 309,364 | 381,754 | |
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | 381,754 | - | |
| TOTAL FUNDS CARRIED FORWARD | 691,118 | 381,754 |
The notes form part of these financial statements
Page 3
Eitz Chayim
Balance Sheet
30 September 2025
| Notes FIXED ASSETS Investment property 6 CURRENT ASSETS Debtors 7 Cash at bank and in hand CREDITORS Amounts falling due within one year 8 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES CREDITORS Amounts falling due after more than one year 9 NET ASSETS FUNDS 11 Unrestricted funds TOTAL FUNDS |
30.9.25 Unrestricted fund £ 1,818,944 688 34,108 34,796 (15,845) 18,951 1,837,895 (1,146,777) 691,118 691,118 691,118 |
30.9.24 Total funds £ - 376,724 6,202 382,926 (1,171) 381,755 381,755 (1) 381,754 381,754 381,754 |
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 30 June 2026 and were signed on its behalf by:
Trustee
The notes form part of these financial statements
Page 4
Eitz Chayim
Notes to the Financial Statements for the Year Ended 30 September 2025
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, 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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Statement of Financial Activities.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. INVESTMENT INCOME
| INVESTMENT INCOME | ||
|---|---|---|
| Period | ||
| 18.10.23 | ||
| Year Ended | to | |
| 30.9.25 | 30.9.24 | |
| £ | £ | |
| Rents received | 17,301 | - |
Page 5
continued...
Eitz Chayim
Notes to the Financial Statements - continued for the Year Ended 30 September 2025
3. RAISING FUNDS
Investment management costs
| Investment management costs | ||
|---|---|---|
| Period | ||
| 18.10.23 | ||
| Year Ended | to | |
| 30.9.25 | 30.9.24 | |
| £ | £ | |
| Support costs | 39,654 | - |
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30 September 2025 nor for the period ended 30 September 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 30 September 2025 nor for the period ended 30 September 2024.
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| INCOME AND ENDOWMENTS FROM Donations and legacies EXPENDITURE ON Other NET INCOME TOTAL FUNDS CARRIED FORWARD 6. INVESTMENT PROPERTY FAIR VALUE Additions At 30 September 2025 NET BOOK VALUE At 30 September 2025 At 30 September 2024 |
Unrestricted fund £ 455,554 73,800 381,754 381,754 £ 1,818,944 1,818,944 1,818,944 - |
|---|---|
Page 6
continued...
Eitz Chayim
| Notes to the Financial Statements-continued for the Year Ended 30 September 2025 7. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR Crouch End Properties Ltd Servive charges 8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other creditors 9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR Bank loans (see note 10) Trade creditors Other creditors 10. LOANS An analysis of the maturity of loans is given below: Amounts falling between one and two years: Cambridge loan I Glausius 11. MOVEMENT IN FUNDS At 1.10.24 £ Unrestricted funds General fund 381,754 TOTAL FUNDS 381,754 |
|
|---|---|
continued...
Page 7
Eitz Chayim
Notes to the Financial Statements - continued for the Year Ended 30 September 2025
11. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS Comparatives for movement in funds Unrestricted funds General fund TOTAL FUNDS Comparative net movement in funds, included in the above are as follows: Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 381,301 381,301 Incoming resources £ 455,554 455,554 |
Resources Movement expended in funds £ £ (71,937) 309,364 (71,937) 309,364 Net movement At in funds 30.9.24 £ £ 381,754 381,754 381,754 381,754 Resources Movement expended in funds £ £ (73,800) 381,754 (73,800) 381,754 |
Resources Movement expended in funds £ £ (71,937) 309,364 (71,937) 309,364 Net movement At in funds 30.9.24 £ £ 381,754 381,754 381,754 381,754 Resources Movement expended in funds £ £ (73,800) 381,754 (73,800) 381,754 |
|---|---|---|---|
| 381,754 |
12. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 30 September 2025.
Page 8
Eitz Chayim
Detailed Statement of Financial Activities for the Year Ended 30 September 2025
| Detailed Statement of Financial Activities for the Year Ended 30 September 2025 |
|||
|---|---|---|---|
| Period | |||
| 18.10.2 | 3 | ||
| Year Ended | to | ||
| 30.9.25 | 30.9.24 | ||
| £ | £ | ||
| INCOME AND ENDOWMENTS | |||
| Donations and legacies | |||
| Gifts | 364,000 | - | |
| Donations | - | 455,554 | |
| 364,000 | 455,554 | ||
| Investment income | |||
| Rents received | 17,301 | - | |
| Total incoming resources | 381,301 | 455,554 | |
| EXPENDITURE | |||
| Charitable activities | |||
| Insurance | 2,194 | - | |
| Sundries | 5,538 | - | |
| Grants to institutions | 4,550 | - | |
| 12,282 | - | ||
| Support costs | |||
| Management | |||
| Student Upkeep and Care | - | 72,800 | |
| Accountancy fee | 2,000 | 1,000 | |
| 2,000 | 73,800 | ||
| Finance | |||
| Sundries | 2,055 | - | |
| Bank charges | 18,088 | - | |
| Bank interest | 37,512 | - | |
| 57,655 | - | ||
| Total resources expended | 71,937 | 73,800 | |
| Net income | 309,364 | 381,754 |
This page does not form part of the statutory financial statements
Page 9