COTrIPANY REGISTRATION NUMBER: 890369 CHARITY REGISTRATION NUMBER: 252370 FRANKGtVING LIMITED COMPANY LIm￿F.D BY GUARANTEE CONSOLIDATED FINANCIAL STATEMENTS for the year ended 30 JUNE 2025 COHEN ARNOLD Chartered A￿oUntantS & Sta￿tOry Auditor New Burlington House 1075 Finchley Road London NWI I OPU FRATrIKGtVlNG LIMITED COMPANY LIMITED BY GUARANTEE INDEX TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNL 2025 PAGES Trust¢¢s' annual report (incorpornting the directovs rep)rt) Itos Independ¢nt auditor's r¢port to the members 6tolO Consolidated stst¢ment of financial YACtivities (including the ¢onsolidat¢d income and expenditure account) Consolidated balanc¢ sheet 12 Charity balanc¢ sheet 13 Consolidated statement of ¢ash flows 14 Notes to the financial stat¢ments 15to31 FRANKGIVING LIMITED COMPANY LIMITEI D BY GUARArirEE TRUSTEES, ANNUAL REPORT INCORPORATING THE DIRECTORS, REPOR YEAR EIYDED 30 JUNE 2025 The trustees, who &re also directors for the purposes of company law, present their report and the financial tements of the charity and its subsidiary undertakings for the year ended 30 June 2025. REFERENCE AND ADMINISTRATIVE DETAILS Reglstered charity name Charity registratioll number Company registration number Princip•l office And registered office Frankgiving Limited 252370 890369 New Burlington House 1075 Fin¢hley Road London NWI I OPU The trustees Mr L¢slie Frnnkel (Chaimian) Mrs Zisi Frankel Mr Laurence Allan Foux Mr Winston Samuel Gilbert Mr Maurice Moish¢ Frankel Mr Joel Frankel Mr Ephraim Frank¢l Mrs Zisi Frnnkel (Died 8 January 2026) Company secretary Auditors Cohen Amold Chartered Aceountsnts & Statutory Auditor New Burlington House 1075 Finchley Road London NWI I OPU Banken Barclays Bank Pl 21 Hanov¢r Square London wis ijw STRucfuRE, GOVERNANCE AND MANAGEMEN[ The charity is ¢onstituted 8s a company limited by guarantee and as such. its governing documents are its Articles of AsS￿l&tion. The day to day affairs of the charity is administered by the truste¢s. each of whom may serve for lif¢ and shall not b¢ subject to any reappointment process. None of the trustees have any beneficial interest in the charity. All ttlJ5t¢es give their time voluntarily and no benefit or expenses were paid to them in the year. It is with deep regret that we report the passing of our trustee. Mr Winston Samuel Gilbert on the 8 January 2026. FRINKGIVING LIMITED COMPANY LIMITED BY GUARAf+rrEE TRUSTEES, ANNUAL REPORT INCORPORATING THE DIRECTOR'S REPORT YEAR ENDED 30 JUNE 2025 STRUCTURE, GOVERNANCE AND MANAGEMENT (eontinued) Group strueture and relationships The charity has the following wholly owned non-ch8rilable operating subsidiaTie5'.- Spiritvtlle Investments Limited - a property investment Company Heysaibor Investments Limited - a property investment company The charity has the following 90¢/0 owned non-charitable opKrating subsidiary'.- Nobel & Jones (Brentwood) Limited - an investment holding company Spiritville Investments Limited has the following wholly owned operalin8 subsidiarie5-. 2001 Nostrand Av¢ Investors Corp. an investment liolding company Meridian US Investment 2021 Inc. an investment holding company M¢adowood Hillcrest SIL US Inc. an investment holding company Nobel & Jones (Brentwood) Limited has the following wliolly owned operating subsidiary:_ Nobel & Jones (Brentwo(xl) Sub Limited - a property company The trnstees of this company. Mr Leslie Frankel and Mrs Zisi Frankel are also directors of Spiritville Investments Limited and Heysarbor InveslJnents Limited. Related Party TrAnsactions Details of transactions with'Related Parties, are di￿10$ed in Notes 17 and 26 to the Fi[￿1¢1￿1 Statem¢nts. ORIECTIVES AND ACTivfriES The charity is established to promote and assist charitable activities and institutions both in the United Kingdosn and abroad. Lt has Concentrated its aciivities in promoting charitable activities of institutions professing and teaching tlie principles of traditional Judaism. advancing religion in accordance with the Jewis11 faith and giving philaJithropi¢ aid to the Jewish needy. The charity r¢c¢ive5 incom¢5 from its casli deposits, subsidiary undertakings and volunt8ry income from compaiiies cOnn￿ted widi die trustees wliich li utili5cs in the provision and distributioii of grants and donatioiis to orgaiiisations that fall within the objeclives of tl)e Charity. The trustees confimi that they have refenEd to the guidanc¢ contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning future activities and setting the grant tnaking policy for the ye8r. Grant making policy Grants are made to ¢haritable institutions and organisalions both in Great Britain and abroad which accords with the objects of the chority. The trustees consider all requests which they r¢ceive and make donations based on the level of funds available. FRANKGIVING LIMITED COMPANY LI￿￿ED ]JY C.UARANTEE TRUSTEES, ANNUAL REPORT INCORPORATING THE DIRECTOR'S REPORT YEAR ENDED 30 JUNE 2025 ACHIEVEMENTS AND PERFORMANCE During the year the charity has continued its philanthropic activities and has mainlain¢d its SUPPOrt of religious, educational and other charitable institutions iii Great Britain. The demands on the charity's fviids were less than those experienced last year with charitable donatioiis for tlie year totalling £248,998 as against £555.680. The donations were m¢t from Current income of the ¢harity. The financial results of the charity and its subsidiary undertakings for the year ended 30 June 2025 are fully reflected in th¢ attach¢d Financial Statements together with the Not¢s thereon. FllYANCIAL REVIEW Financial position The charity is reliant on the income from investments, the Commertial activities of its subsidiary undertakings aiid voluntary income froin companies connected widi the trustecs. Income from coinmercial a¢tivitlC5 of the subsidiary undertakings together with income from the inwestmeiits and voluntary donalions l)ove lielp¢d to boost the total incomillg resources. The financial position of the charity and its subsidiary undertakiiigs is 5atisf&ctory. The charity's consolidated statement of financial activities shows net income of £1,500.769 (2024: £1,462.071) and total reserves of £32,274.539 (2024: £30,773,770). Reserves policy The Company ts required to maintain R¢serves in order to ensure that it is in a posilion to continue its grant- making &¢iivities and cov¢r contingencies of additional Calls being made upon th¢ charity for supwrt of organiS￿l0n8 or institutions in limes of need. The Trustees consider it appropriate to maintain 'Fr¢e Reserves, (unrestricted fijnds not committed or invested in Fixed Asset Investments) at a level which will not impinge on its ability to support Charitable Inslitutions. The 'Free Reserves. of £2,207,820 which are represented by (part ofj the liquid funds held by the charity, are considered to be adequate and will be revi¢wed periodically by the trustees of the charity. As at 30 June 2025, the charity has total funds of £32,274,539 (Group.. £32,274,539). These funds include £16,197,171 (Group: £9,274,080) whicli arises from the revaluation of the charity's investments and is not readily available for general purposes. Consequently, the charity has reserves of £16,077.368 (Group: £23,000,459). after making allowance for reserves not r¢8dily available. Jnvesttttent policy Under the m¢inorandum and articles of association, the charity has the power to make any investmei?t, which th¢ trustees coiisider appropriate. Th¢ Trustccs seek investments which, over a medium temi. are antieipaled to gen¢rats a dependable flow of income coupled with capital groirtli. The trustees. having regard to the liquidity requirements of the charity and to th¢ reserves policy have operated a w)licy of keeping available funds in an interest-bearing d¢posit account. The trustees consider the rthrn on inv¢stments. in ternis of both income and capital growth, to be satisfactory. FRANKGIVING LIMITED COMPANY LIMITED BY GUARATrrrEE INCORPORATING THE DIRECTOR'S REPORT TRUSTEES, ANNUAL REPORT YEAR ENDED 30 JUNE 2025 FINANCIAL REVIEW (eontlDued) Risk management The Trustees l)av¢ a risk manag¢ment strategy which comprises an annual review of the priiicipal risks and uncertainlies lo which the Company is ¢xposed. in partiCLilar those to th¢ operations and finances of the Company. the estsblishment of policies, systems and procedures to mitigat¢ those risks identified in the annual review and the implementation of procedures designed to minimise or mAnage any potential impact on the Company should those risks materialise. The principal risks to which the charity is exposed are: Liabilities arising from propety investment activity Tenant defaults Damage to property from fl(KKI, fire or terrorist action Planning conslruction and letting risk in relation to redevelopment activity Th¢ availability of liquid funds to tnake grants and dol￿tiOnS The economic cycle g¢n¢rdlly The charity seeks to manage or mitigate such risks wherever possible through such measures as insurai)ce, tenant s¢reening aiid monitoring, rigorous reviews of &CqLIISilion and investment opportunities, eAternal expert advi¢¢, Inonitoring casl) and regular monitoring of the econotnic ouili)ok. It is recognised that systems can only provide reasonable but not absolute assurance that major risk have been adequately managed. PLANS FOR FUTURE PEIUODS The trustees plan to continue to make distributions in accordance with their grant moking policy and to ensure that the ability to 8enernte sufficient income is mainiained to achieve thal end. TRUSTEES, RESPONsIB￿lTIEs The trustees who are also directors for the PUTPOS¢5 of company law: are responsible for prepariiig the trustees, report and the financial statements in accordanc¢ with applicable law and United Kiiigdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice)- Company law requires the charity trustees to prepare financial ststem¢nts for each year whicli give a true and fair view of the state of affairs of the group aiid charitable company and the incoming resources and application of resources, including the income and expenditure of the groLlP, for tlial period. Ui)der company law the Trustees tnust not approvc tlie financial st&temeiils unless t]iey ar¢ satisfied tliat they give & tru¢ and fair view of the state of affairs of the Group and Company and th¢ iiicome and expenditur¢ of Èlie Group for tliat period. FIi4NKGIVING LIMITED COLWANY LIMITED BY C.UARANTEE TRUSTEES, ANNUAL REPORT CORPORATtNG THE DIRECTOR'S REPOR YEAR ENDED 30 JUNE 2025 TRUSTEES, RESPONSIBILrrIES (Continued) In preparing these financial slatements, the trustees are required to: select suitable accounting policies and then apply them consistently. observe the methods and principles in the Charities SORP; make judgements and accounting estimates that are reasonable and prudent: and prepare the financial statements on the 80ing concern basis unless il is inappropriate to presume that the charity will continue in operation. The trustee5 are responsible for keeping adequate accounting records tliat are sutfi¢i¢nt to show and explain the cl?arity's transa¢tion5 and disclose with reasoi)able accuracy at aiiy time tlie financi&l position of th¢ charity and eiiable them to cnsure tlial the financial 5tateni¢nt5 coinply with tlie Companies Act ?006. Tliey are also responsible for safeguarding the asset5 of tlie charity and th¢ group wid Iieii¢¢ for taking reasoiiable steps for Ilie prevet)tion aiid detection of fraud and otiier irYegul&rilies. STATEMENT OF DISLOSURE TO AUDITORS Each of ihe persons who is a trustee at the date of approval of this report confirnis that: so far as they are aware. there is no relevant audit inforniation of which the charity's auditors are unaware. and they havc taken all the steps that they ought to have takcn as a Irustee to make themselves aware of any relevant audit inforn)ation and to establish ti)at the charity's auditors are aware of that information. AUDITORS Cohcn Amold is deemed to have been reapwiint¢d in accordance with section 487 of the Companies Act 2006. SMALL COMPANY PROVISIONS This report has been pr¢patEd in ￿￿ordanc¢ with the provisions &pplicable to Companie5 entitled to the small ¢ompani¢s exemption. The trustees, annual report was approved on ie May 2026 and signed on behalf of the board of trustees by.. Mr L Frankel Trustee FRANKGIVING LIMITED COMPANY LIMITED BY GUARANTEE IP4DEPEIYDKNT AUDITORS? REPORT TO THE MEMBERS OF FRANKGtVlNG LIMI'fED YEAR ENDED 30 JUNE 2025 OPINION We have audited the financial statements of Frankgiving Limited (the '¢harity') for the year ended 30 Julie ?025 which compris¢ the Consolidated Stalement of Finaiicial Activities (including ii)come and expenditu￿ account), Consolidated and Parent Charity Balance Slleets, the Consolidated Sialement of Cash Flows aiid the related nol¢s. iiicludiiig a summary of sigiiif5cant accounting policies. Tlie financial rcporting framework that has been applied in their preparation is applicable law and United Kingdom Accountiiig Standards, in¢luding FRS 102 The Financial Reporting Standard applicable in the UK aiid Repliblic of Ireland (United Kingdom Generally A¢¢¢pted Accounting Practiee)- In our opinion the financial statements.. give a true and fair vi¢w of the stat¢ of the group and the charity's affairs as at 30 June 2025 and of the group's incoming resources and appli¢ation of r¢source4 including its incom¢ and expenditure, for the year then ended. have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice. have been prepared in accordance with the requirements of the Companies Act 2006. BASIS FOR OPINIOIY We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those sttdndards are further d¢scribed in the auditoes respoiisibilitics for the audit of tlie financial slat¢menLS section of our report. We are iiidependent of th¢ cliarity in accordance witli tlic ¢t])ical r￿UIrementS Iliat are relcv&nl to our audit ofilie financial stat¢mcnts in the UK, includii)g the FRC'S Etliical Siandard, wid we l)ave fulfilled our other ethical respoiisibilities in accordance with these requirements. We believe that the audit ¢videiiGe we have obtsitb¢d is suificient and ppropriat¢ to provide a basis for our opinion. CONCLUSIONS RELATING TO GOING CONCERN In auditing the financial stst¢ments, we have concluded that th¢ trustee5' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have pcrfonned. we hav¢ not identified any material uncertainties relating to events or conditions that. individually or collectively. may cast significant doubl on the charity's ability to rontiiiue as a going concern for a period of at least twelve months from when the financial statements are authorised for i55ue. Our responsibilities and the r¢sponsibilities of the trustees with respect to going concern are described in the relcvant sections of this report. FRANKGIVING LIMITED COMPANY LIMITED BY GUARANTEE INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF FRAP4KGIVING LIMITED Continued YEAR ENDED 30 JUNE 2025 OTHER INFORMATION The other infomiation ¢ompri5es the information included in the Trustees. annual report, other than the financial statements and our auditor's report thereon. The trustees are responsible for the oth¢r infomjation. Our opinion on the financial statements does not cover the other inforn)ation and. except to the extent othenvise explicitly stated in our report. we do not express any form of assurance coijclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other inforn)ation and. in doing so. consider whether the other inforn)ation is Knaterially inconsistent with the financial statements or our knowledge obtained in the audit or othenvise appears to be mat¢rially misstated. If we identify such material inconsistencies or apparent mat¢rial misstatements, we are required to determine whether there is & material misstatemeiit in th¢ financial ststements or a tnat¢rial misstatement of the other inforn)ation. If, based on the work we hav¢ p¢rform¢d, we conclude that there is a material misstatement of thi5 Other infomlation, we are required to report that fact. We hav¢ nothing to report in this regard. OPINIONS ON OTHER mA￿ERs PRESCRtBED BY THE COMPANIES ACT 2006 In our opinion, based on the work undertaken in the cours¢ of the audit: the infomiation given in the trustees, report for the finan¢ial year for which the financial statements are pr¢pared is CODSlStent with the financial statements. and th¢ trustees, report has been prepared in accordance with applicable legal requirements. MATTERS OIY WEUCH WE ARE REQUIRED TO REPORT BY EXCEPTION In the light of the knowledge and understanding of the charity and its environment obiained in th¢ course of the audi¢ we have not identified material misstatements in the trust¢¢s' report. W¢ 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 not been kepL or returns adequate for our audit have not been received from branches not visited by us. or the consolidated financial statements ar¢ not in 88reement with the ac¢ounting records and retums. certain disclosures of trustees, remuneration specified by law are not made. or we have not receiv¢d all the inforn]ation and explanations we require for our audit. lh¢ trustees w¢re not entitled to prepare the financial ststements in accordance with the small companies regime and take advantage of th¢ small companies, exemptions in preparing the dI￿torS, report and from the r¢quiremeiit to prepare a strategic report. FRANKGIV1Tr4G LIMITED COMPANY LlTrtrrED IIY GUARANTEE LNDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF FRANKGIVING LIMITED Continued YEAR ENDED 30 JUNE 202.$ RESPONSIBILITIES OF TRUSTEES As explained more fully in the trustees, responsibilities statement. the trust¢¢s (who ar¢ also the directors for the purposes 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 f(Ir such internal control as the trustees detern)iiic is necessary to enable the preparation of financial statements th&t are fr¢¢ from mal¢rial inisstatement, whether due to fraud or error. In preparing th¢ financial 51atements. the trustees are res￿nSIble for assessing the charity's ability to continue as a going ¢oncern, disclosing, as applicable, matters related Éo going concem and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to Cease operations, or have no realistic alternative but to do so. AUDITOR'S RESPONSIBILITIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS Our objectives are to obtain reasoiiable assurance about whdher the financial statements ￿ a whole are free from material misstatemenL whether due to fraud or ¢rror, and to issue an auditor'5 report that in¢ludes our opinion. R¢asonable assurance is a high level of assurance. but is not a guarantee that an audit conducted iii accordartce with ISAS (UK) will always detect a material misstatement when it exists. Misst&t¢ments can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influen¢¢ the economic decisions of users taken on the basis of these finan¢ial statements. Irregularities. including fraud, are instances of non-coinpliance with laws and regulations. We design procedures in lin¢ with our responsibilities, outliiied above, to detect material misstatements iii respect of irregularities, including traud. The extent to which our proc¢dures are capable of detecting irregularities, including fraud is detailed below: We obiained an uiidejstanding of ihe legal and regulatory frameworks that are applicable to the )roup through discussion %vitli the directors and identified fiiiancial reporting legislation. landlord legislation and charity legislation as being most significant to these financial 5tat¢ments. We communicated these identified frameworks amongst our aiidit team and remained alert lo any indications of non-compliance througliou( th¢ audit. We ensured that th¢ engagement l¢am had sufficient competence and capability to identify or recognise non-compliance with the laws and regulations. We discussed with the d1￿ClorS the policies and procedures regarding compliance with these leg81 and regulatory frameworks. W¢ &ssessed the 5US¢¢Ptibility of the group's financial slat¢ments to mat¢rial misstatetnent due to non-compliance with legal and regulatory frameworks, including how fraud might occur. by enquiry with tlie directors during the planning and finalisation phasc5 Stages of our audit and by using proprietary disclosure Checklists. The susceptibility to such material misslatement was detennined to be low. Based on this understanding. we design¢d our audit procedures to identify non-compliance with the identified legal and regulatory frameworks, which were part of our procedures on tiie related financial statement items. FRAIYKGIVING LIMITED Co￿￿PAr{y LIMITED BY GUAIL4NTEE INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF FRAfiKGIVING LIMITED Continued YEAR ENDED 30 JUNE 2025 AUDITOR'S RESPONSIBILITIES FOR THE AUD￿ OF THE FINANCIAL STATELWtENTS {conlinued) 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 slatements. even though we have properly planned and perfornied our audit iii accordance witl) auditing standards. For example. il)e furtli¢r reinovcd non- compliance witli laws and r¢gulations (irregularities) is froin the events aiid transactions r¢flecLed iii il)e finaiicial statements, die Ic5s likely the inherently limited proc¢dures required by auditing st%iiidards ￿Ould identify it. In addiuon. as with any audil 1here remained a higl)er risk of non-delectioii of irregularities, as these may involve collusion, forgery. intentional omissions, misrepresentations. or the override of interiial controls. W¢ are not responsible for preventing non-complian¢¢ and cannot be expected to detect non- ¢omplianc¢ with all laws and regulalion5. As part of arh audit in accordwi¢e with ISAS {UK). we exercise professional judgment and maintain professional scepticism througliout the audit. We also: Identify and assess the risks of material misstatement of th¢ financial statements, whefher du¢ to fraud or error, design and perforni audit procedures responsive to those risks, and obtain audit ¢vidcn¢e that is sufficient and appropriate to provide a basis for our opinion. The risk of not det￿tIng a materiai misstatement resulting from fraud is higher than for one resuliing from error. as fraud may involve collusion, forgery, intentional omissions, misr¢pres¢ntations, or the override of internal control. Obtain an und¢rstanding of internal control relevanl to tlie audit in order to design audit procedures that are appropriate in the circumslance& but not for the purpose of expressing an opinion on the effectiveness of tlie internal control. Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the trustees. Conclude on the appropriateness of the trnstees, use of the going concern basis of accounting and, based on tlie audit evidence obtained. whether a material Lincertainty exists related to events or conditions that may cast significaiit doubt on the charity's ability to conliiiue as a going concern. If we conclude iliat a material uncertainty exists, we are Irquired to draw attention in our auditor's r¢port to the related dis¢losure5 in the financial statements or, if such disclosur¢s are inAdequate, to modify our opiiiion. Our conclusions are based on th¢ audit evidence obtained up to the date of our auditor's report. How¢ver, future events or conditions may cause the charity to cease to continue as a going ¢oncem. Evaluate the overall presentation, structure and content of the financi&l statements, including the disclosures, and whether the financial statements represent th¢ underlying transactions and events in a manner that achieves fair presentation. Obtain 5ufficj¢nt appropriate audii evidence regarding the financial infomiation of the ei)tities or business activities within ihe group to express an opinion on Ihe consolidated financial statemeilts. We arc responsible for the direciioll, supervision &nd pcrfonnanc¢ of tlie group &iidit. We r¢main solely responsible for our audit opinion. We communicate witli those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit finding5, including any significant defieiencies in intemal control that we identify during our audit. FRANKGIVING LIMITED COMPANY LIMITED BY GUARANTEE INDEPENDEwf AUDrroRS' REPORT TO THE MEMBERS OF FIL4NKGIVING LIMITED Continued YEAR ENDED 30 JUNE 2025 USE OF OUR REPORT This report is made solely to the Charity's tn¢tnbers. as a body, in accordance with Chapter 3 of Part 16 of the Cotnpanies Act 9006. Our audit work has been undertakei) so that we Inight stst¢ to the Charity's menibers those Inatters we are required to slate to ihem in an audito¢5 report and for no other purpose. To th¢ fullest extent permitted by law. we do not accept or assume r¢sponsibility to anyone other than the charity &nd the charity's members as a body. for our audit worl for this report or for the opinions w¢ have fornied. DAV DBERG tatutory Auditor) For and on behalf of COHEN ARNOLD Chartered Accountants & Statutory Auditor New Burlington House 1075 Finchley Road LONDON NWI I OPU Date: ie May 2026 Our audit was completed on 18 May 2026 and our opinion was expressed at that date. io FRANKGIVtNG LIMrrED COMPANY LlIMITF.D B Y GuARA[￿rEE CONSOLIDATF.D STATEMFNT OF FINANCbiL ACTIVITIES INCLtIDIP4G THE COP4SOLIDATF.D INCOME AND EXPENDrruRE ACCOUN FOR THE YEAR ENDF.D 30 JUNE 2025 2025 Unrestricted Funds 2024 Unrestrieted Funds Not¢ Income and endowments Donations received Investment income 130.000 1.539.797 1,458.219 1,458,219 Total income 1,669.797 Expenditure Expenditure on r&ising funds: Investment management costs Expenditure on charitable activities Total expenditure Net gains on investments: Gains on r¢valuation of investm¢nt property Gains on revaluation of unlisted investment (593,856) (273,594) (446,530) (585,676) (867.450) (1,032.206) 987,01 85.844 265.232 828.720 {LossyG&ins on disposal of Investment propety (464,045) 112,940 788,198 1,027,504 Net in¢ome before tax 1,590,545 1,453.517 T8xation io 8,554 Net income after tax I,590,545 1,462.071 Attributsbl¢ to non-controlliftg interest (89.776) Net income and ne¢ movement ID funds attributabl¢ to the charity li 1,500.769 1.462,071 Reconeiliation of funds: Total funds brought forward attributsble to th¢ charity Total funds carried fonyard attribulable to (he charity 30.773.770 29,311,699 22 32.274,539 30,773.770 Th¢ statement of financial activitie5 includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The notes on pages 15 to 31 fom part of these financial statements. F114NKGIVING LIMtTED COMPANY LIfvIITF.D BY GUARANTEE cor4SOLtDATED BALANCE SHEET AS AT 30 JUNE 2025 2025 2024 Note FIXED ASSETS Inv¢stments 15 35.387,536 28.101,178 CURRENT ASSETS Debtors Cash at bank and in hand 17 4,033,785 719,054 3,820,934 309.163 4,752,839 4,130.097 CREDITORS: amoullts falling due Ivithin one year 18 (724.050) {250.505) NET CURRENT ASSETS 4,028,789 3,879,592 TOTAL ASSETS LESS CURREwr LIABILrrIES 39,416,325 31,980,770 CREDITORS.. amounts fAlling due thfter one year 19 (5,845.000) PROVISIONS 21 (1.207.000) 32,364,325 (1,207,000) 30,773,770 NET ASSETS REPRESENTED BY: Unrestricted fund5 of the charty Non-controlling interest 22 32.274,539 89,786 30,773,770 TOTAL FUNDS 32.364,325 30.773,770 These financial statements were approved by the board of trustees and V¢Uthorised for issue on i ) May 20?Qattd are signed on behalf of the board by: Mr L Frankel Trustee Company Registration Number.. 890369 The notes on pag¢s 15 to 31 forni part of these financial statements. 12 FRANKGIVING LIMITED COMPANY LIMITF.D BY GUARANTEE BALANCE SHEET AS AT 30 JUNE 2025 2025 2024 Note FIXED ASSETS Investments 15 30,066.719 29,546,913 CURRENT ASSETS Debtors Cash at bank and in hand 17 1,878.481 500,094 1,232.550 137.690 2,378,575 1,370,240 CREDITORS: amounts falling due within one year NET CURRENT ASSETS 18 (170,755) (143,798) 2.207,820 32,274,539 1,226,442 NET ASSETS 30,773,355 FUNDS OF THE CHARITY Unrestri¢t¢d funds 22 32,274,539 32,274,539 30.773,355 Total charity funds 30,773.355 Th¢se financial statements were approved by the board of trust¢¢s and authorised for issue on 18MA .Ja5¢ signed on behalf of the board by: 2026. an Mr L Frankel Trustee Company Registration Number: 890369 The notes on pages 15 to 31 forni part of these financial stateme¥Jts. 13 FRANKGIVING LIMITED COMPANY LIMITED BY GUAii4NfEE COTrISOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ELYDED 30 JUNE 2025 Note 2025 2024 CASH FLOWS FROM OPERATING ACTIvfnES Net income 1,590,545 1,462,071 Adjustmertisfor.- Net gains on inv¢stments Dividends, interest and rents from investments Interest receivable and similor income Accrued (income)/expens¢s Payments for expenditu￿ on investm¢nt properties Payments for expenditur¢ on other investment Interest payable and similar charges Current and deferred tax (788,198) {1,027.504) (1,259,924) (1.174.809) (239,894) (283.410) 14,957 (38,534) 211,708 297.308 128,066 111,941 181,560 7.168 (8.554) Changes in.. Trade and other debtors Trade and other ¢reditotS (25,453) (15.325) (5,975) (3,142) (192,608) (672,790) 5.698 9,507 (13.446) (186,910) (676,729) Cash used in generated from operations Interest received Tax paid Net cash used in operating activities CASH FLOWS FROM ll¥VESTfF4G ACTIVITIES Dividends, interest and rents from investments Cash receipts from the repayment of advances and loans Pur¢h&5e of inveslment properties Purchases of other investments Proceeds from sale of investment properties Proceeds from sal¢ of other inv¢stments Payments for expenditure on inv¢stment properties Payments for expenditure on other investments Net cash (used in)Ig¢nerated from investing activities 1,350,010 1.306.140 13,265 518,033 (6,980,332) (210,458) (275,723) (1,005,663) 516,955 112,940 240,950 111,941 (211,708) (297,308) (128,066) (111,941) (5,474,649) 423,684 CASH FLOWS FROM FINANCING ACTIvrriES Repaymenis of borrowings Pro¢¢eds from borrowin8S Interest paid Net ¢&5h generaled froml{used in) financing acttvities (285) 6,310,900 (239,450) 6.071,450 {14.015) (14,300) NET INCREASEI(DECREASE) IN CASH ALYD CASH EQUIVALENrs CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR CASH AND CASH EQUIVALENTS AT END OF YEAR 409,891 309,163 719,054 (267,345) 576,508 309,163 27 The notes OD pages 15 to 31 forni part of these financial statements. 14 FRANKC.IVtr*'G LIMITED COMPANI, I.IMI'fED BY C.UARANTEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUTr4E 2025 GENERAL INFORMATION The charity is a private company limited by guarantee, registered in England and Wales and a regisl¢r¢d charity in England and Wales. The address of the register¢d office is New Burlington House. 1075 Finchley Road. LA)ndon, NWI I OPU. STATEMEwf OF COMPLIANCE These finan¢i&l stateme.nls have been prepar¢d in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of Recomtllciided Practice applicable to charities preparing their accounts in accordance witli the Fin&ncial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Charities Act 2011. ACCOUNTING POLICLES B4si$ of preparation The financial statements have been prepared on the historical cost basis, a5 modified by the revaluation of certain financial assets and liabilities &nd investment properties measured at fair value through income or expenditure. The fJnan¢ial statments are prepared in sterling (rounded to th¢ nearest pound), which is the functional currency of the entity. The charity meets the definition of a public benefit entity under FRS 102. 3a Going concern The financial statements have been prepared in accordance with the accounting principles appropriate to a going concern, as the trust¢cS have A re