Docusign Envelope ID." C7CD1 EEB-OOFE4F28-AC55-OA52EE77031C COMPANY REGISTRATION Nu1BER. IM)873763 CHARITY REGISTRATION NUMBER: 2474 DONATING CHARITY LIMITED COMPANY LIMITED BY GUARANTEE FtNANCIAL STATEMENTS 31 MARCH 2025 COHEN ARNOLD Chartered Accountants & Siatulory Auditor New Burlingion House 1075 Finchley Road London NWII OPU
Docusign Envelope ID." C7CD1 EEB-OOFE4F28-AC55-OA52EE77031C DONATING CHARITY LIMITED COMPANY LIMITED BY GUARANTEE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 PAGES Trustees, Annual Report {Incorporating the Director's Report) Independent Auditor's Report to the Members Statement of Financial Activities (Including Income and Expenditure Account) Ito4 5tolO 11 Statement of Financial Position 12 Statement of Cash Flows 13 Notes to the Financial Statements 14to22
Docusign Envelope ID." C7CD1 EEB-OOFE4F28-AC55-OA52EE77031C DONATING CHARITY LIMITED COMPANY LIMITED BY GUARANTEE TRUSTEES, ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT) YEAR ENDED 31 MARCH 2025 The trustees, who are also the directors for the purwses of company law, present their report and the financial statements of the charity for the year ended 31 March 2025. REFERENCE AND ADMINISTRATIVE DETAILS Registered charity name Charity registration number Company registration number (K)873763 Principal olCe and registered 6 Princes Park Avenue olee London Nwi i OJP Donating Chariiy Limited 2474 THE TRUSTEES J Schimmel S Simons D Conick AUDITOR Cohen Arnold Chartered Accountants & Statulory Auditor New Burlingion House 1075 Finchley Road London Nwi i OPU STRUCTURE, GOVERNANCE AND MANAGEMENT The Charity is constituted as a company limited by guarantee. and is therefore governed by its memorandum and articles of association. The Trustees administers the day-to-day affairs of the Charity. None of the Trustees have any beneficial interest in the Charity. In appointing new Trustees. the Trustees have applied suitable recruitment training and induction procedures. There were three Trustees who served during the year. The Trustees did not receive any remuneration for their services nor did they receive any reimbursement for out of pocket expenses.
Docusign Envelope ID." C7CD1 EEB-OOFE4F28-AC55-OA52EE77031C DONATING CHARITY LIMITED COMPANY LIMITED BY GUARANTEE TRUSTEES, ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT) (conl[ed) YEAR ENDED 31 MARCH 2025 OBJECTIVES AND ACTIVITIES The Charity is established to further those purposes tM3th in the United Kingdom recognised as charitable by English Law and in furtherance of ihe objects below. The Charity receives income n]nlY from its property investments which it utilises in the provision and distribution of grants and donation5. The Charity's principal activity throughout the year was the provision and distribution of donations and grants to organisations, and no change is envisaged in the imn]ediate future. The Trustees confirm that they have referred to the guidance contained in the Charity Commission's gener<tl guidance on public IneFIt when reviewing the Charity's aims and objectives and in planning fulure activilies and selling the grani making wlicy for ihe year. ACHIEVEMENTS AND PERFORMANCE During the year the Charity continued ils philanthropic activities in support of religious education, relief of poverty and other charitable institulions and aggregate donations were paid in the 5un] of £2,450.316 (2024.. £2.858,729}. The benefits that these charities provide include= Financial support to the poor Relief of Sickness and disabilities Religious education and support for places of worship for the community The financial results of the Charity's activities for the year to 31 March 2025 are fully reflected in the attached financial statements iogeiher wilh the noies ihereon. FINANCIAL REVIEW Reserve policy It 15 the policy of the charity to mainlain unrestricted fund5. which include the free reserves of the Charity, at a level which ihe Trustees ihink appropriaie. afier considerints the future con]mitments of the Chariiy and the likely costs of the Charity for the next year. As at 31 March 2025 (he Chariiy has total unresiricted funds of £25.437,102. Grant making policy Grants are made to charitable instilulions and organisations which accord with the objects of the Charity. The Trustees are approached for donaiions by a wide variety of charitable institutions principally operating all over England. The Trustees consider all requests which they receive and make donations based on the level of funds available. Investment powers and polACy and objectives Under the memorandum and articles of association, the Charity has the power to make any investment which the TLWStee5 See fit. The Trustees regularly review the Charity's position and needs" in respect of ihe investment policy.
Docusign Envelope ID." C7CD1 EEB-OOFE4F28-AC55-OA52EE77031C DONATING CHARITY LIMITED COMPANY LIMITED BY GUARANTEE TRUSTEES, ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT) (conl[ed) YEAR ENDED 31 MARCH 2025 FINANCIAL REVIEW {contiRued) PRINCIPAL RISKS AND UNCERTAINTILS 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 manage ihose risks. PLANS FOR FUTURE PERIODS The Truslees plan to continue to make distributions in accordance with their grant making policy and where appropriate, referable to their con]mitments, to ensure that an appropriate level of reserves is maintained. TRUSTEES, RESPONSIBILITIFS STATEMENT The trustees, who are also directors for the prseS of company law. are responsible for preparing the trustees, report and the financial stalevnent5 in accordance with applicable law and Ullited Kingdom Accounting Standards (UniLed Kintrdom Generally Accepied Accouniing PracLice). Cotnpany law requires the charity trustees to prepare fInancial 5tatemenls for each year which give a true and fair view of the state of alfairs ol Ihe chariiable company and the incoming resources and application of resources, including the income and expenditure, for that period. In preparing these financial siaiements. the trusiees are required to: select suitable accounting policies and then apply them consistently; observe the methods and principles in the applicable Charities SORP. make judgments and accounting estimates that are reasonable and prudent: prepare the financial statements on the going concern basi5 unless It Is inappropriate to presume that the charity will continue in business. The trustees are re5tK)n5ible for keeping adequate accounting records that are Sufficient to show and explain the chariiy's transactions and disclose wilh reasonable accuracy at any time the financial position of the charity and enable them lo ensure that the financial statements comply with the Cotnpanies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the preveniion and deiection of fraud and oiher irregularities. AUDITOR Each of the per50ll5 who is a trustee at the date of approval of this report confirms that: so far as (hey are aware. there is no relevani audit inforniation of which the charity's auditor is unaware; and they have taken all steps that they oughi to have taken as a trustee to n]ake themselves aware of any relevant audit infonnalion and to establish thai the charity's auditor is aware of that information.
Docusign Envelope ID." C7CD1 EEB-OOFE4F28-AC55-OA52EE77031C DONATING CHARITY LIMITED COMPANY LIMITED BY GUARANTEE TRUSTEES, ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT) (conl[ed) YEAR ENDED 31 MARCH 2025 SMALL COMPANY PROVISIONS This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exempiion. The trustees, annual report was approved on . tru5tee5 by.. 711212025 and signed on behalf of the board of DocuS*nqd by.. 88B1EC4SDC394494... J Schimmel Trnstee
Docusign Envelope ID." C7CD1 EEB-OOFE4F28-AC55-OA52EE77031C DONATING CHARITY LIMITED COMPANY LIMITED BY GUARANTEE INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF DONATING CHARITY LIMITED YEAR ENDED 31 MARCH 2025 OPINION We have audited the financial slatements of Donating Charity Lin]ited (the 'charity') for the year ended 31 March 2025 which comprise the staiemeni of financial activities (including income and expenditure account), siatement of financial position, statement of cash flows and the related notes, including a summary of significanl accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements: give a true and fair view of the state of the charity's affairs as at 31 March 2025 and of its incoming resources and applicaiion of resources, including its income and expenditure, for the year then ended; have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Praciice: have been prepared in accordance with the requirements of the Companies Act 2006. BASIS FOR OPINION We conducted our audit in accordance with International StatTrdards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibililies under ihose siandaTds are further described in the auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial siatements in the UK, including the FRC'S Ethical Siandard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe ihat the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. CONCLUSIONS RELATING TO GOING CONCERN In auditing ihe financial statements. we have concluded that the trustees, use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have perfornied, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the truslees with respect to going concern are described in the relevant sections of this rewrt.
Docusign Envelope ID." C7CD1 EEB-OOFE4F28-AC55-OA52EE77031C DONATING CHARITY LIMITED COMPANY LIMITED BY GUARANTEE INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF DONATING CHARITY LIMITED( YEAR ENDED 31 MARCH 2025 OTHER INFORMATION The other inforn]ation comprises the information included in the annual repoQ other than the financial statements and our audiior's report thereon. The trustees are responsible for the other infonnation. Our opinion on the financial statements does not cover the other infomiation and, except to the extenl othenvise explicitly stated in our report, we do not express any form of assurance conclusion ihereon. connection with our audit of the financial statements, our reswn5ibility is to read the other infoLination and, in doing so, consider whether the other information 15 materially inconsistent with the financial stalements or our knowledge obtained in the audil or othenvise appears to be materially misstated. tf we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the flnancial statements or a material misstaiemeni of the other inforniaiion. If, based on the work we have perforn]ed, we conclude that there is a material misslatement of this other informalion, we are required to report that fact. We have nothing to report in this regard. OPINIONS ON OTHER MArrERS PRESCRIBED BY THE COMPANIES ACT 2006 In our opinion, based on the work undertaken in the course of the audit: the infonnalion given in ihe trustees. report for the financial year for which the financial statements are prepared is consislent with the financial statements; and the irustees, report has been prepared in accordance with applicable legal requirements. MAElls ON WHICH WE ARE REQUIRED TO REPORT BY EXCEvfIoN In the light of the knowledge and understanding of the charity and its environment obtained in ihe course of the audit, we have not identified material misstatements in the trustees, report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion: adequate accounting records have noi been kept, or returns adequate for our audit have not been received from branches not visited by us: or the financial statements are not in agreement with the accounting record5 and returns; or certain disclosures of trustees. remuneration specified by law are not made; or we have not received all the inforniation and explanations we require for our audit; or (he trustees were noi eniiiled io lake advaniage of ihe small companies, exemptions in preparing the directors, rew)rt and from the requirement lo prepare a strategic report.
Docusign Envelope ID." C7CD1 EEB-OOFE4F28-AC55-OA52EE77031C DONATING CHARITY LIMITED COMPANY LIMITED BY GUARANTEE INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF DONATING CHARITY LIMITED( YEAR ENDED 31 MARCH 2025 RESPONSIBILITIES OF TRUSTEES As explained more fully in the trustee5' responsibilities statemenL the trustees (who are also the directors for the purSeS of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the tn]stees determine is necessary lo enable the preparation of financial statements that are free from material mi5Statement, whether due lo fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern. disclosing, as applicable. matler5 related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidale ihe charity or to cease operations, or have no realistic alternative but lo do so.
Docusign Envelope ID." C7CD1 EEB-OOFE4F28-AC55-OA52EE77031C DONATING CHARITY LIMITED COMPANY LIMITED BY GUARANTEE INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF DONATING CHARITY LIMITED( YEAR ENDED 31 MARCH 2025 AUDITOR'S RESPONSIBILrrIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstaiemeni. wheiher due io fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance. but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined al)ove, to detect material misstatements in respect of legUlarl(leS, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: We obtained an understanding of the legal and regulaiory frameworks ihat are applicable to ihe charity through discussion with the lrnstecs and identified financial reporting legislation, landlord legislation and charily legislation as being most significant to these financial st<ttements. We communicated these identified frameworks amongst our audit team and remained alert to any indications of non-compliance throughout the audit. We ensured that the engagement team had sufficient conipetence and capability to identify or recognise non-compliance with laws and regulations. We discussed with the trustees the policies and procedures regarding compliance with these legal and regulatory frameworks. We assessed the susceptibility of the charity's financial stalements to material misstatemeni due to non-compliance with legal and regulatory frameworks, including how fraud might occur, by enquiry with the trustees duTing (he planning and finalisation stages of our audit and by using proprieiary disclosure checklists. The susceptibility to such material misstatement was detennined to be low. Based on (his understanding, we designed our audit procedures to identify non-compliance with the identified legal and regulatory frameworks. which were part of our procedures on the related financial statement items. Owing to the inherent limitations of an audit. there is an unavoidable risk that we may not have detected some material misstatements in the financial statements. even though we have properly planned and performed our audit in accordance with audiling standaTds. For example, the further removed non-compliance with laws and regulations (irregularities) is from the evenls and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it. In addition, a5 Wlth any audit, there remained a higher risk of non-detection of irregularilies, as these may involve collusion, forgery. intentional omissions, misrepresentations, or the override of internal controls. We are not responsible for preventing non- compliance and cannot be expected to detect non-compliance with all laws and regulations.
Docusign Envelope ID." C7CD1 EEB-OOFE4F28-AC55-OA52EE77031C DONATING CHARITY LIMITED COMPANY LIMITED BY GUARANTEE INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF DONATING CHARITY LIMITED( YEAR ENDED 31 MARCH 2025 As part of an audil in accordance wilh ISAS (UK). we exercise professional judgment and maintain professional scepiicism throughout the audit. We also: Identify and assess the risks of material tni5Statement of the financial 5taten]ents, whether due to fraud or error, design and perforni audii procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a vnaterial misstatement resulting froffl fraud is higher than for one resulting fron] error, as fraud may involve collusion. forgery. inieniional omissions, misrepresentations, or the override of internal control. Obtain an understanding of internal control relevant to the audit in order to design audit procedures thai are appropriaie in the circumsthnces. bui not for the purwse of expressing an opinion on the effectiveness of the internal control. Evaluate the appropriateness of accounting policies used and the reasonableness of accounting esiimates and related disclosures made by the trustees. Conclude on the appropriateness of the trustees, use of the going concern basis of accounting and, based on the audit evidence obtained. whether a malerial uncertainty exists related to events or conditions thai may casi significant doubt on (he charity's ability to continue as a going concern. If we conclude thal a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial statements or, if such disc105ures are inadequate, to modify our opinion. Our conclusions are based on ihe audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the charity to cease to continue as a going concern. Evaluate the overall preseniation, structure and content of the financial statements, including the disclosures, and whether the financial statements represenl the underlying transactions and events ill a manner that achieves fair presentation.
Docusign Envelope ID." C7CD1 EEB-OOFE4F28-AC55-OA52EE77031C DONATING CHARITY LIMITED COMPANY LIMITED BY GUARANTEE INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF DONATING CHARITY LIMITED( YEAR ENDED 31 MARCH 2025 We communicate with those charged with governance regarding. among other matters. the planned scope and timing of the audit and significant audit findings. including any significant def1ciencies in internal control that we identify during our audit. USE OF OUR REPORT This report is made solely to ihe chariiy's members, as a body. in accordance with Chapter 3 of Part 16 of ihe Companies Ac1 2(Mkn. Our audit work has Ien undertaken so that we might state to the charity's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent perniitted by law. we do not accept or as5uine responsibility to anyone other than the charity and ihe charity's MerntrS as a b(xJy, for our audit work, for this report, or for the opinions we have fornled. FACD700170E8484 Barry Leigh (Senior Statulory Auditor) For and on behalf of Cohen Arnold Chartered Accountants & Siatutory Auditor New Burlington House 1075 Finchley Road London Nwii OPU 711212025 io-
Docusign Envelope ID." C7CD1 EEB-OOFE4F28-AC55-OA52EE77031C DONATING CHARITY LIMITED COMPANY LIMITED BY GUARANTEE STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) YEAR ENDED 31 MARCH 2025 2025 Unrestricted funds Total funds Total funds 2024 Nots Income and endowments Investment income 1,886,656 1,886,656 1,782,186 Total income 1,886,656 1,886,656 1,782,186 ExpendAture Expenditure on raising funds= tnvestment management Costs Expenditure on charitable activities Total expenditure (569,884) (569,884) (311,088) 7 {2,532,943) (2,532,943) (2,919,786) (3,102,827) (3,102,827) (3,230,874) Net (losses)/gains on investments li (579,302) (579,302) 384,360 Net expenditure and net movement in funds (1,795,473) (1,795,473) (1,064,328) Reconciliation of funds Total funds brought fonvard Total funds carried forward 27,232,575 27.232.575 28,296,903 25.437,102 25,437.102 27,232,575 The statement of financial aclivilies includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The notes on pages 14 10 22 form part of these financial 5tatetnents. li-
Docusign Envelope ID." C7CD1 EEB-OOFE4F28-AC55-OA52EE77031C DONATING CHARITY LIMITED COMPANY LIMITED BY GUARANTEE STATEMENT OF FINANCIAL POSITION 31 MARCH 2025 2025 2024 Note FIXED ASSETS Investments 15 25.014.521 26,765,201 CURRENT ASSETS Debtors Cash at bank and in hand 16 652.715 94.501 473,102 303.505 747.216 776.607 CREDrroRS: amounts falling due Ivithin one year NET CURRENT ASSETS 17 (324.635) (309.233) 422,581 467,374 TOTAL ASSETS LESS CURRENr LIABILITIES 25.437,102 27,232,575 NET ASSETS 25.437,102 27,232,575 FUNDS OF THE CHARITY Unrestricted funds 25,437,102 27,232,575 Total charity funds 19 25,437,102 27,232,575 These financial statements have been prepared in accordance with the provisions applicable to companies subject to (he small companies. regime. These financial sthtements were approved by ihe board of trustees and authorised for issue on 711212025 , and are signed on behalf of the board by: Jsc IEDSDC3 Itnme Trustee Company Registration Number: (K)873763 Charity Regisiraiion Number: 247490 The notes on pages 14 10 22 form part of these financial 5tatetnents. 12-
Docusign Envelope ID." C7CD1 EEB-OOFE4F28-AC55-OA52EE77031C DONATING CHARITY LIMITED COMPANY LIMITED BY GUARANTEE STATEMENT OF CASH FLOWS YEAR ENDED 31 MARCH 2025 2025 2024 CASH FLOWS FROM OPERATING ACTIVITIES Net expenditute Adjustmentsfor.. Net (losses)Igains on investments Dividends, interest and rents from investments Other interest receivable and similar income Payments for expendiiure on invesimeni prOrtIeS Interest payable and similar charges Changes in." Trade and other debtors Trade and other creditors (1,795.473) (1,064,328) 579,302 {384,360) (1,885.418) (1,781,214) (1,238) (972} 567,421 299,936 2.463 11,152 (4,974) (2,055) {2,529,551) (2,926,815) {2,529.551) (2,926.815) 3,392 Cash generated from operations Net cash used in operating activities CASH FLOWS FROM INVESTING ACTIVITIES Dividends, interest and rents from invesiments Proceeds from sale of other investments Payments for expenditure on investment properties Change in stockbroker debtor Net cash from investing activities 1,717,W8 ,171.-378 (567,421) (93) 1,687,457 1,477,342 {299,936} 2,044 2,321,772 2,866,907 CASH FLOWS FROM FINANCING ACTIVITIKS Interest paid Interest received (2,463) 1,238 (11,152) 972 Net cash used in financing activities (1,225) (10,180) NET DECREASE IN CASH AND CASH EQUtVALENTS CASH AND CASH EQUIVALENfs AT BEGINNING OF YEAR CASH AND CASH EQUIVALEwfs AT END OF YEAR (209,004) 303,505 (70,088) 373,593 94,501 303.505 The notes on pages 14 10 22 form part of these financial 5tatetnents. 13-
Docusign Envelope ID." C7CD1 EEB-OOFE4F28-AC55-OA52EE77031C DONATING CHARITY LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 GENERAL INFORMATION The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a regisiered chatiiy in England and Wales. The address of the registered office is 6 Princes Park Avenue, London, NWI I OJP. STATEMEwf OF COMPLIANCE These financial 5tatement5 have [en prepared in compliance with FRS 102, The Financial Reporting Siandard applicable in ihe UK and the Republic of Ireland,, the Statement of Recommended Practice applicable lo 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 Cotnpanies Act 2006. ACCOUNTING POLICIES Basis of preparation The financial statements have en prepared on the hisiorical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured ai fair value through income or expenditure. The financial statements are prepared in sterling. which is the functional currency of the entity. The charity meets the definition of a public IneFit entity under FRS 102. Going concern The financial statements have been prepared in accordance with the accounting principles appropriate to a going concern, as the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future by meeting its liabililies as they fall due. based on the nei current asset wsition of the charity and available sources of finance. 14-
Docusign Envelope ID." C7CD1 EEB-OOFE4F28-AC55-OA52EE77031C DONATING CHARITY LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STA TEMENTS (conlinued) YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES IconliNued) Judgements and key sources of estimation uncertainty In the application of the charity's accounting policies, the Trustees are required to make judgements, estivnates and assumptions about the carrying amounts of assets and liabilities that are not readily appareni from oiher sources. These estimaS and ass(Kiated assumptions are based on historical experience and other factors that are considered to be relevant. Actual resulis may differ from these estimates. The estimales and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimale is revised if the revision affect5 only that peri(xd. or in the period of the revision and future period5 if the revision affects both current and fulure peri(Kls. The Trustee5 do not consider there are any critical judgements or sources of estimation uncertainty requiring disclosure beyond ihe accounting policies listed below. Acquisitions and dislS of properties Acquisitions and disposals are considered to have taken place at the date of legal completion and are included in the fin{cial statements accordingly. Trade debtors The Trustees use delails of the age of trade debtors and the status of any disputes together with external evidence of the credit slatus of the counterparty in making judgemenls concerning any need to impair the carrying values. Taxation The charity is not liable io direci iaxaiion on ils income or gains, whether realised or not, as it falls within the various exemptions liable to registered charities. Accordingly, the charity does not recognise any deferred tax liability on property revalualions as no tax would be due ill the event of a disposal as the charity would benefii from the relevani exempiions. as it will apply all funds for qualifying charitable pUr)seS. Fund accounting Unrestricted fund5 are available for use at the discretion of ihe Trustee5 to further any of the charity's purposes. Incoming resources All income is included in the stalement of financial activities when entitlement has passed to the charity, it is probable that the econotnic tlleritS associated with the transaction will flow to the charity and the amount can be reliably measured. Income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and ils amount can be measured reliably. 15-
Docusign Envelope ID." C7CD1 EEB-OOFE4F28-AC55-OA52EE77031C DONATING CHARITY LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STA TEMENTS (conlinued) YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES IconliNued) Resources expended Expenditure is charged on an accrual basis and allocated to the appropriale headings in the accounts. The majority of costs are directly attributable to specific activities. Costs incurred in respect of the charitable activities include attributable 5UPPOrt Costs where applicable. Investments tnvestment properties are properties which are held eiiher to earn rental income or for capital appreciation or for }th. Investment properties are recognised initially at cosl. Subsequent to initial recognilion - (i) Investment properties are held at fair value. Any gains or losses arising from changes in the fair value are recognised in the income and expenditure account in the period that they arise- and (li) No depreciation is provided in respeci of invesimeni properties applying the fair value model. tnvestment property fair value is detertnined by the Trustees based on their understanding of property market conditions and the specific properties concerned using a sales valuation approach, derived from recent comparable transactions on the market. adjusted by applying discount5 to reflect status of occupation and condition. Listed investments are shares held in listed companies for the purpose of dividend income and capital appreciation. They are initially recognised at cosl. Subsequent to initial recognition they are measured at fair value based on market daia wilh changes in fair value being recognised in profit or loss. Other investments are foreign currency loan notes, initially recognised at cost. Subsequently they are measured at fair value by iranslaling al the year end using the exchange rales wilh changes in exchange rates being recognised in ihe profit and loss. Grants payable These are only recognised in (he accounis when a commitment has been made and there are no conditions to be met relating io the grant which remain in the control of the charity. Impairnlent of fixed assets A review for indicators of impairtnent is catried out at each reporting date, with the recoverable amount being estimaied where such indicators exist. Where the carrying value exceeds the recoverable amount, Ihe asset is impaired accordingly. Prior impairnients are also reviewed for possible reversal at each rertIng date. 16-
Docusign Envelope ID." C7CD1 EEB-OOFE4F28-AC55-OA52EE77031C DONATING CHARITY LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STA TEMENTS (conlinued) YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES IconliNued) 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 payable including any Telated transaction costs. unless the aangement COllStitutes a financing transaction. where it is recognised ai the present value of the fuiure payments discounted at a market rate of interest for a similar debt instrnment. Current assets and current liabililies are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Debt instrumenis are subsequently measured ai amortised cost. Financial assets thal are measured at cost or amortised cost are reviewed for objective evidence of impairnient ai the end of each reporting dale. If (here is objective evidence of impairnient, an impainnent loss is recognised under the appropriate heading in the siatement of financial activities in which the initial gain was recognised. Any reversals of impairnient are recognised immediately. to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairn]ent nol previously been recognised. LIMITED BY GUARAIYTEE The Charity is a Company Limiied by Guaraniee and has no share capital. The liability of each Member in the event of winding up is limited to £1. INVESTMENf INCOME u[estriCted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Property revenue tncome from UK listed invesimenis Income from other investments Interest receivable 1,877.625 6.089 1.704 1.238 1,877,625 6,089 1.704 1,238 1,759,432 13.780 8,(X)2 972 1,759,432 13,780 8,IKJ2 972 1,886,656 1,886,656 1,782,186 1,782,186 INVESTMENT MANAGEMEwf COSTS Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Interest payable Property expenses 2.463 567.421 2,463 567,421 11,152 299,936 11,152 299,936 569,884 569.884 311,088 311,088 17-
Docusign Envelope ID." C7CD1 EEB-OOFE4F28-AC55-OA52EE77031C DONATING CHARITY LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STA TEMENTS (conlinued) YEAR ENDED 31 MARCH 2025 EXPENDITURE ON CHARITABLE ACTIVITIES BY TYPE U[estricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Donations paid Support cosis 2.450,316 82.627 2,450,316 82,627 2,858,729 61,057 2,858,729 61,057 2.532.943 2.532.943 2,919,786 2.919.786 EXPENDITURE ON CHARITABLE ACTIVIT BY ACTIVITY TYPE Grant funding of aciivilies Supwrt costs Total funds Total fund 2025 2024 Donations paid Governance costs 2,450.316 2,450.316 82,627 2,858,729 61,057 82,627 2.450.316 82,627 2.532,943 2,919,786 ANALYSIS OF SUPPORT COSTS Donations paid Total 2025 Total 2024 Governance costs 82,627 82,627 61,057 10. ANALYSIS OF GRANTS All grants and donalions were paid io charitable institutions for the purtM)ses of the support of education, advancement of the Jewish religion or the relief of poverty. Achisomoch Aid Company AJJDC UK Trust Briiish Friends Of Igud Hakolelim B Yerushalayim KKL Charity Accounts Rabbi Sacks L£gacy Trust The Friends Of The Yeshivai Har Ettion Trust The Marque Foundation Tikva UK Other Donations 15,150 74,600 17,500 1,24.3,679 58,300 19,900 447,200 507,342 66,645 2,450,316 18-
Docusign Envelope ID." C7CD1 EEB-OOFE4F28-AC55-OA52EE77031C DONATING CHARITY LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STA TEMENTS (conlinued) YEAR ENDED 31 MARCH 2025 11. NET {LOSSES)IGAINS ON INVESTMENTS u[eStricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Gain81(108ses) on investment property Realised gains l (losses) on lisied investments Unrealised gains l (losses) on listed investments Gainsl(losses) on other inveslmenl assets (660,(XK)) (6(A),IMJ)) 37.270 37.270 125,332 125,332 259,294 259,294 43.428 43,428 (266) 384,360 (266) 384,360 (579.302) (579,302) 12. AUDITORS REMUNERATION 2025 2024 Fees payable for the audii of ihe financial siaiemenis 14,4(K) 13,920 13. STAFF COSTS The average head count of employees. including irustees. during the year was 3 (2024: 3). No salaries or wages have been paid to employees during the year. 14. TRUSTEE REMUNERATION AND EXPENSES No remuneration or other benefits from employment with the charity or a related entity were received by the trustees. No trustees expenses have been incurred. 15. INVFSTMENTS Listed Investment Other investments properties investn]ellts Total Valuation At l April 2024 Additions Disposals Fair value movements 1,264.325 24,4(KI,IK)O 1,100.876 26,765.201 170,443 170,443 (40,226) (1,304,551) 43,428 (616,572) (1.264.325) {6fK>,IK)O) At 31 March 2025 23,740,IMX) 1,274,521 25,014,521 Impairment At l April 2024 and 31 March 2025 Carrying amount At 31 March 2025 23,740,IKK) 1,274,521 25,014,521 At 31 March 2024 1.264.325 24,41K),IK)O 1,100,876 26,765,201 19-
Docusign Envelope ID." C7CD1 EEB-OOFE4F28-AC55-OA52EE77031C DONATING CHARITY LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STA TEMENTS (conlinued) YEAR ENDED 31 MARCH 2025 15. INVESTMENTS I coNtinuedl All investments Show above are held at valuation. Investment properties The invesimeni property is siaied at irusiees, valuation as at 31 March 2025 based on a professional valuation carried out in March 2025. The Trnstees have used this professional valuation and have applied minority discounts as the Charity owns a 50% share in the property. The historical cost of the properties as ai 31 March 2025 was £7,393,423 (2024: £7.393,423). Listed investments During the year, the charity sold all of its lisied investments. The total pr(Keeds amounced to £1,301,594 resulting in a realised gain of £37,270 compared with their carrying value at the start of the year. At the year end, the charity held no listed investments. The proceeds were used for the furtherance of the Charity's chariiable objeciives. Other investments The other investment are loan notes and a Special Opportunities Fund. The movement in the year represents part repayment and movements in the exchange rate at the year end. 16. DEBTORS 2025 2024 Trade debtors Prepaymenis and accrued income Other deblors 643,999 370,531 93,948 8,623 8,716 652,715 473,102 17. CREDITORS: amounts falling due within one year 2025 2024 Accruals and deferred income Social securiiy and other taxes Other creditors 257,060 47,571 20,(MM 24_5,050 13,920 324,635 309,233 18. DEFERRED INCOME 2025 2024 At l April 2024 245,050 (245,050) 257,060 338,943 (338,943) 245,050 Amount released to income Amount deferred in year At 31 March 2025 257,060 245,050
Docusign Envelope ID." C7CD1 EEB-OOFE4F28-AC55-OA52EE77031C DONATING CHARITY LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STA TEMENTS (conlinued) YEAR ENDED 31 MARCH 2025 19. ANALYSIS OF CHARITABLE FUNDS Unrestricted funds At Gains and 31 March 20 losses 25 Ai l April 2024 Income Expenditure General funds 27,232,575 1.886.656 (3,102,827) (579,302) 25,437,102 At Gains and 31 March 202 losses At l April 2023 Income Expenditure General funds 28,296,903 1.782.186 (3,230,874) 384,360 27,232,575 20. ANALYSIS OF NET ASSETS BETWEEN FUNDS Unrestricted Total Funds Funds 2025 tnvestments Current assets Creditors les5 than l year Net a&sets 25,014,521 25,014,521 747,216 747,216 (324,635) (324,635) 25,437,102 25,437,102 Unrestricted Total Funds Funds 2024 tnvestments Current assets Creditors less than l year Net assets 26.765,201 26,765,201 776,607 776,607 (309,233) (3,233) 27,232,575 27,232,575 21. FINANCIAL INSTRUMENTS The carrying amount for each category of financial instrument is as follows.. 2025 2024 Financial assets that are debt instruments measured at amortised cost Financial assets that are debt instruments measured at an]ortised cosi 652,715 473,102 Financial liabilities measured at amortised cost Financial liabilities measured at amortised cost 324,635 309,233 -21-
Docusign Envelope ID." C7CD1 EEB-OOFE4F28-AC55-OA52EE77031C DONATING CHARITY LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STA TEMENTS (conlinued) YEAR ENDED 31 MARCH 2025 22. ANALYSIS OF CHANGES IN NET DEBT At 31 March 20 25 At l April 2024 Cash flows Cash at bank and in hand 303,505 (209,004) 94,501 11. OPERATING LEASE Com[rS As lessor The total future minimum lease payments receivable under non-cancellable operating leases are as follows: 2025 2024 Not later than l year Later than l year and not later than 5 years 1.268,000 1,191,(XX) 1,268,(X)O I.783,0 2,459,0(M) 3,051,000 24. RELATED PARTIES Grants and Donations include donations of £447.2(K) paid to the Marque Foundation, a charity which trustees are family members of a Irustee of this charity. Also included in Grants and donations is a donation of £58,31MI paid to Rabbi Sacks L£gacy Trust who had a trustee in common with one of the trustees of this charity during the year. -22-