Registered Charity Number 261667
EQUITABLE CHARITY TRUST
Financial Statement
For the year ended 31 March 2025
SEFfoN YODAIKEN & CO
CHARTERED ACCOUNTANTS
Fairways House
George Street Prestwich
Manchester
M25 9WS

•Equitsble Charitable Trust•
Charity Information
HSBC
8 High Street
Manchesier
M60 4DJ
Bankers
Solicitor
Liefman Rose & Co
94 Bury Old Road
Manchester M8
Accountants
Sefton Yodaiken & co
Charted Accountants
Fairways House
George Street 14estwith
Manchester
M25 9WS
Pag¢ I

.Equitable Charitsble Trust•
Annual Report
For the year ended 31 March 2025
The Equitable Charitable Trust is constituted by Deed of Trust and is a registered chaTity,
number 264667. Its address is at New Riverside House 439 Lower Broughton Road Salford
M7 2FX.
The charity trustees during the year were:
Mr A Vatsfiche
Mrs. E. Vaisfiche
Mr Naftoli Halpern
The obiect of the charity is tr) provide assistan￿.
To relieve poverty;
To support educational estab]ishments;
To support religious education.
The administration of the trust is carried out by the Trustees.
The income of the charity is received by way of Gift Aid, donations, intere5L rent and
dividends.
The Trustees examine all grant applications and they decide on the level of grant to be made
depending on the cause and the level of reserves.
Iusk Review
The trustees have assessed the major risks to which the charity is exposed, in particular
those related to the operation5 and finance of the charity, and are satssfied that systems are
in Pla￿ to mitigate those risks.
Grant Making Policy
The charity is funded by donations and also from inveslment income. The charity gives out
grants in line with the above objectives and in accordance with the charities grant making
policy. The trustees confirni theiT comp]iance with the duty to have due regard to the pub]ic
benefit guidance published by the Charity Commission when reviewing the cIwity's aims
and objectives and in planning its £uture activities.
Page 2

.Equitable Charitsble Trust•
Trustees Report
For the year ended 31 March 2025
Achievements and PerEormanee
The charity re￿iVed £38,(M)O in donations during the year. Grants given during the year
totalled £21£415. The grants were all in accordance with the charities obj'ectives.
Financial Review
In the current year the charity was successful in meeting its aims.
Investments
The charity has a portfo]io of investment properties. The rental ineome derived is to create
an income stream for the charkty. The charity's investment properties are included in the
balan￿ sheeL The valuations are derived having consulted with l(Kal estate agents and
with the t￿￿teeS best esttmate of market value at the balance sheet date. The t￿￿lee$ have
extensive experience in the field of property investment and valuation which has
accumukted over a considerable amount of time.
Investment Powers and Policy
In accordance with the trust deed, the charity has power to make any invesknents which the
trustees see fit. The trustees regularly Teview the charity's position and needs in respect of
the investment policy.
Reserves Polxey
It is the policy of the charity to niaintain unrestricted funds, which are free reserves of the
charity at a level which the trustees think appropriate after considering the future
commitments of the charity and likeIy costs 0£ the charity for the next year.
Mr. A. Vaxsfiche
Trustee
For and signed on behalf of the Board of Trustees.
9 December 2025
Page 3

•EqUi￿b]e Charitable TTh￿t•
Independent E￿miner'S Report to the Trustees
For the year ended 31 March 2025
We report on the accounts of the Trust for the year ended 31 March 2025, which are set out
on pages 5 to 6.
Respective re$ponsibilitie8 Ot trustee8.and examiner
As the charl￿S trustees you are responsible for the preparation of the accounts. You
consider that the audit requirement of section 144 of the Charities Act 2011 (the Act) does
not apply. It is my responsibility to state, on the basis of procedures specifled in the General
Directtons given by the Charity Conunissioners under section 145(5)(b) of the ACL whether
parlicular matters have come to my attentio
Basi8 of independent emminds report
My examination was carried out in accordance with the General DArections given by the
Charity Commissioners. An examination includes a review of the accountin8 records kept
by the charity and a comparison of the accounts presented with those records. It also
indudes consideration of any unusual items or disdosures in the accounts, and seeking
explanations from you as trustees concerning any such matters. The procedures undertaken
do not provide all the evidence that would be required in an audit, and consequently do not
express an audit opinion on the view given by the accounts.
Independent examiner's statement
tn connection with my examination, no matter has come to my attention:
(I) Ivhich gives me reasonable cause to believe that in any material respect the
requirements
to keep accouniing records in accordance with section 130 of the ACL. and
to PTepare accounts which accord with the accounting records and to comply
with the accounting requirement of the Act
have not been met. or
(i)
(2) to which, in my opinion, attention should be drawn in order to enable a proper
understanding of the attounts to ￿ reached.
Mr. S. Yodaiken
9 December 2025
SEFTON YODAIKEN & CO
CHARTERED ACCOUKTAN15
Fainvays House
George Street Prestwich
Manchester
M25 9WS
Page 4

•Equitable Charitable Trust•
Statement of Financial Activities
For the year ended 31 March 2025
Notes
2025
2024
Income resources
Voluntary income
Investtnent income
Surplus on sale of property
Insurance proceeds
Other income
38,(X)O
124,368
24,908
180,OIJ)
55,(K)O
137,665
22356
Total incoming regour
367,276
215,021
Resources expendtture
Charitable distribution
Governance costs
Administrative expenses
214,415
132A61
1,886
14fj17
34,164
Total resources expended
250A19
149J64
Net surplus for the year
Svrplus B/F
116057
IF71,720
65,657
i￿￿,063
Surplus C/F
I,988￿77
IAgn,720
Page 5

.Equitable Charitable Trust•
Balance Sheet as at 31 March 2025
2024
Fixed assets
Investsnent properli
IA33,649
958,750
1,576.149
958,750
IW2?99
253409)
Current assets
Investment atco$t
Debtors
Cash at bank
io
1¥2A28
571,842
io
199,947
297,217
io
764,280
(117491
497,174
(5,000)
Credltox&. due within the year
li
751531
491174
Totsl assets cttrrent Iiabilltles
3.143,930
3,0￿,0Th
Unrestricted hmd8
Capital aceounts
Revaluation reserve
Income accounts
1,075,no
1,988577
1,075,710
1,8n,720
3,143,¥JO
3A)27,073
AppToved by the trustees on 9 December 2025 and signed on their behalf.
Mr. A. Vaisfiche
Tn￿tee
Page 6

.Equitsble Charitable Trust•
Notes to the Financial Statements
For the year ended 31 March 2025
l. Accountlng Pollcie8
These accounts have been prepared under the historical cost convention and in accordan￿ with
applicable accounting standards and the charities statement of rec0nUn￿Idea practise on accounting
ty charities (Charitses SORP FRS 102) and the Charities Act 2011).
1.1 Rentsl income 18 induded in income as and when it is due.
12 Charitsble donations- a fLffl list is available from the lrnstees
3. Voluntary income
2025
2024
Donations received
38.0(M)
55,0(K)
4. Investment Income
24
Rentsl income
123,942
136,151
1514
124
137,665
5. Governance costs
2024
Bank charges
160
6. Admini8trative expenses
2025
2024
Insurance
Service charges
Repairs
Legal and professional fees
Rates
Sundry
5,199
12R28
(5,(r24)
1£709
10,354
4,407
34,164
14,617
Page 7

•Equitable Charitable Trust•
Notes to the Financial Statements (convd...)
For the year ended 31 March 2025
7. Investment Assets - Freehold Propety
B/F
Disposals
I￿76,149
(142,5(X))
1,433,649
8. Investments - unllsted share8
B/F & C/F
958,750
9. 1nve8tments
e ts) the uncertainty of the property market the Tntstees have difficulty in ascertaining a
n￿aningfUl valuation.
10. DebtlW8
2(Y25
2024
Trade debtors
Loan debtOTS
15W6
176J2
25/15
174,132
192.428
199,947
11. CreditiTh' amounts falling due within one year
2025
2024
Trade creditors
Other aeditors
Deposit
7,749
5,000
12,749
12. Tru8tee8
No retnuneration was paid and no exFnses were reimbursed to the TnLgtees during the year.
Page 8