REC.ISTERED COMPAIYY NUMBER: 01064198 IEn¥land and WAlesl REC.ISTERED CHARITY NUMBER: 266130 Repori of ihe Trustees and Flnaneial St#lements for the Y¢Ar Ended 31 March 2025 for Cosmon IBe17.} Limited Martin 4 Hellcr ChartLfLLI ALLuunldnt and Rcgisiered Audiior 5 North End Road Lot)don NWII 7RJ
Cosmon IBelzl Limited Contents of the FinAncial StAtementS for the lear Ended.11 March 2025 P#ge Report of the Tru$lees Report of the Independent Auditor5 Statement of Ftngncial A¢tivitie$ Balance Sheet Cash Flow. Staternent Not to the Cash Flom Stltemvnt 10 otes to the Financial Statements Detailed Stgternent of FinaDclal Activitles 18
Cosmon IBelzl Limited Report of the Trustee5 for the Ytar Ended 31 March 2025 The trnstees .hO are also directors of Ihe charity for the purposes of Ihe Companie Act 2006. present their repon with thi fjnoncial slatementts of rhe chanty for thc ycar cndLd 31 March 2025. The tru51cLs havL aJuptvd the provisions uf ALcouiilingt and RLPOrtinb b>. ChaTilics.' SiaiL'nient ot. ReLI)InTnL'ndcd PrdLIICL appliLdble lo chariiiL% pfL'pdrin¥ IhL'iT aceouni% In ¢0[danc¢ iviih thc FinanLial R¢porting StandaTd applicable in the UK and RepubliL of lty.land IFRS 1021 {ettectlt l Januajy 20191. 0EcTIVE, AND AcfiN'ITIE. The chority was fonned to 2dvdllc¢ Feligion ii) accordance with the orthodox Jewi%h faith aiid for such other purposes a5 are reeognised by English law a5 char2iablc. To Ihib IhL Lhariiy has mad¢ various grants in the ycar undLI r¢TriLw. The trusiees confjrm their compliance w'ith the duty lo hal't due regard to the publi¢ benefit guidance published by Ihe Charity Commission when reviewing the Charity's aims and obJL¢tivcs and in planning futiir¢ dctii'iiies. STRITEGIC REPORT Athievement and performante During Ihe year Ilie cliarity cojiliiiucd to rni%e and 4pply fuiids and grants In furtherancc of its objeciives. Future plan$ There arc no current plans io ¢hiinge thc aciivities or n)odu5 opeiandi iii thc foreseeable future. STRucfuRE. GOVERNAfCE AND MAN,IGEMLNI' GoTrerning document The charity is Lons1iruiLd as a limited company, and wa.4 formed on 4 August 1972. The Lompany is n)anag¢(f and contri)Iled by ili¢ diicclorb wlio arL Ihe Iru%l¢i4. who Incct rcL)ularly. li Is n(It IhL inlciiiioii of ihL' Iru4l¢es of ihL LhdTily lu appoint any new irn.siee%. Should ihe situation chan¥Fe In Il)e future, the irnsiees 111 apply suit&ble rUit[neI training and induction procedurc5. Risk martagemeni ThL IrusrcLS haKL identified and rewicw'cd the majvr risks tv M,hich Ihc charity is exposed. Both manual and autumated chccks are regularly invoked. particularly ihose relatingj io Ihc operaiions and finance of the ¢hariry. The trusree% are Sali%fied that these system% and PTIKedure% manage any per¢eii'¢(l risks. REFERETriCE AND ADhllNI8TRATIVE DETAJI.S Rt¥istered Cornpanv number 01064198 IEn¥land <ind WalL's1 Re£i5tered Ch9rSty' number 2661_1 Re¥istered office 34 HLaihland Ri)ad London N165LZ Tru51ees J Baumgart¢n I Stemlicht S Ralld Compan). Setret#ry J BaumLTartcn Pd¥e I
Cosrnon IBlzl l.imlted
Re)rt of th¢ Trustees
tr the Vt#r £Dded 11 Msrrh 2025
RF.FERETriCF. AND.14DMINISTRATII'F. DETAII.S
Audilor5
Miinjn Hillcr
Chilrt¢Ted ALL()iini¢inls
nd Rigi%lLfud Auditor
5 Noiilj l.'nd R04Id
London
S-J'A'I'b..MTr.YI- OF TRUS'J'b.fr'S' R Tr.SPONSIiIII.I'flTr-.S
ThL tnigiLC% IM'Iii> 01) IhL' dirL'¥ll)1S 111. ( ii%nK)n Ill¢lAI LLd li)r th¢ PWPi>%L% or Ll)mpany latvl trL r¢%p(In%ilJle fo
prcpiiing Ili£ TmsiL'L% Annual RcpL)n aiid Ihc finanLial sb3ieminis iii acci)rdancc Wllh applir3blL laiv and rL'gulatii)ns
Cfiinp4n)' Iclll. rcqJirL's lh¢ InisLiLi iu prepare IITliinLILTrI sLiiemenls for iaLh lindniidl yL4r. Under th%LI law. the In]slCL
io prLyaT¢ the linaiiiial .ater¢Il 111 dCLUrdDIL. i%'iih ljrttted Kiiigth)In GLnL'roll! Acccplcd .IcLountiD
l)rJLIiLL Il.iiitLd KiElV(li)iii ALLi)uniing Sraiidiir(Is diNI ttppliLJble lawl.Liid¢r Lompany thL' Trust¥.5 niubi nlii ai)provL
rhe finJnLial 51OlL'lThllt% linli5 ihcy are sk)ii%fi¢d IhJl Ihiy giv¢ a iniL fik21 VILW L)f th¥ slai¥ of #ffairs of lh£ ¢cinipaTh)
nJ IhL inL
Report of the Independent Auditor$ to the Member$ ol C¢bsmon (Belzl Limited Opinion Wc havc audiied il?e financial sralemLnts of Cosmon (Bclzl Lirnited Iihe 'chariiable Lompany'l for rlic yLdr ¢ndL 31 Marth 2025 which comprisc Ilie SiaiemLni of Financial Aciiiiiics. Ihi Balance Sheci. Ihe Ca8h Flow Sidlem¢nl ai)d noies to tlie finaiicial 5taleineiils. including a .4ummary of 5igtLificant accounting policies. The fjllancial reportin£ frémlwork thai has bcLn appli¢d in their prcparation is applicablc law and United Kingdom AL¢L)unting Standai(Is Iuniled Kinsydoin Generally AcLcpiL'd Aicouiiiiiigw PraLliLLI. tn our opinion the finallcial slaiements.. ¥ive a trLl¢ and fatr view of the siaie of the ehariiable company's affairs as ai _31 MarLh 2025 dnd of il¥ incoming rOurc¢S and applicali()n L)f TC%(Iiifi¥¥. inLludill¥ ils inii)IM¢ aii(I CX1KdI1ure. r(Ir lh¢ year thcn ¢ndcd.. haN'e been properly Prepared iii accordance 1th United Kingdom Generally Accepted AccountingT Praciice.. and have been preparcd in aecordancc wilh IhL requircmcnts ofihc Coinpanits ALI ?006. Ba$1$ for oplnion WL conduciid our audit in accordancc with Inlcmaiional Standards on Auditing IUKI IISAS IUKII and dpplicable law. Oiir rc4poiisibililiLS iilldLT Ihi)4L" standard% aTC fi)rihLr (le%Lribc(l in IhL Aiidil(IT4' rc4p<in4ibililie% for IhL audit of IhL rindnrial %taiemLnts seciion of our report. We are IndLpendeni of the Lhariiable company In accordanLe with Ihc cthical reqlliremenls ihar are relevanr ro our dudil of Ilie financial siaiemenis Ill the UK. lllcluding the FRC'% Ethicdl Standard, 3nd we hav¢ fulfillLsd our other eihiLdl rL'spon%ibiliiie% Jn aiLordaniL with these requirenienti. W'¢ beliei'e thal Ihc audit evidence we have obtsined 1.4 %uffiLicnl and dppr(?priate ti) pr()vid¢ a ba5ib f(Ir ()ur (Ipinion. Conclu5ion$ rtl#tlng to golng con¢tr In audiiing the financial %taiLineni%, we hav¢ ConcludL ihat Ihe irnsiee%' us¢ of Ihe going Concem basi8 of aLLounling in the preparation ot'rhe tinancial %Lqiemenls is appropriarL. BJ%ed nn thL w'ork we have PLYfonned. we hafvL n()I IdLntifiLd dny maiLiial unLellainliL% r¢ldting t() Lvenlb or condiiions tliai. indii'idually or collectivcly. Ina). ca51 5igJiiificant doubr on ihc chaTitable company's abiljiy lo coniinue a8 a going Concern for a period of ai leasr Iwelve month.s troni hen the fJnanLial siaienJeni% auihon%ed for 155U¢. Our responsibilitics and thc responsibilitics of ihc Irusiccs wilh respcct to going conLern are desiribed in the Televanl sectioD8 of this r¢pori. Other informataon The Irusiees are responsible for the other infomiation. The other inlomation comprise% the illformalion iticluded in the Annual RLPOrt, oihLr than rhL financidl siaiL4nLnis and our RLPOrt ot'ihe IndLPertdLni Audiiofb Ih¢r¢on. Our opinion on the financial SLqtcrnenis does not coN'er ihc other inf0Mtion and, exccpi to the exient oihcTWi5C explicitly sldted in OUT Teptsrt, we do nol exp5% any foTtn of assurance conclusion Ihereon. In connection with our audil of the financial statcnienls. our Te5POll5ibility 15 to read the other inforniaiion alld. in d()ing $0. consider whether the other intomiation i% inaierially incoii%i%ieni with the financial %lal¢ni¢ntS OT our knowledge obtained in the dudit otherwise appears 10 be mxlcTially misstaied. If w'e idciitify such malcrial inconsisicn¢i¢% ur apparcnt maicrial iiii.qsialemenis. WL arL fLqLiircd 10 dLtLnninL TrIcIhLr ihts givL.s fi%L to a maienal tni4%lalemenl in the fin3n¢i)l stsiemenis Ihem%elves. If. based on the work we liave peTfonncd. we coiicludc that thcTC IS a maiLri*l niissiatemenl of this Other inforjnation, wt required to report ihar fact. We have noihing 10 repon In thi.4 regard. OpÈnions on other marters prescribed bi. th¢ C.ompat)ie$ Act 2006 In our opinion, based on the i¥ork undendken iji ihe cour5i of ihe audii.. the Informdiivn ¥Jven in lh¢ Rèport of the TTU5tecs tor the f)nanLial year foT whiLh the finanLial stsigments are preparcd is consisicni wilh ilie linanLldl siaieinenis: and th¢ Report of the Trnsiee% has been PTepared In (Iccordance wilh applicable legal requirernents. Page 3
Report of the Indep¢ndent iluditors to the Member5 of Cosmon {BeL.l Limited Matter5 OD hICh we are required to reporl bi exceptio ID tli¢ light vf the know'led¥e and undersTAndinb (If thL ihariiable LompaRy lind Ils envirunTnent obtained in the course of Ihc audit, we have nol id¢nlifi¢d InalcT>al nii551atcinenls in Ihc Repori of ihc Tru51ce5. Wc have nothing io report in respeLt vf thL following TnattcTS whcre IhL Companies Act 2(K)6 requires us io rLPOrt 10 you Jl. In our opinion.. adequate accountjng Tecord5 have not becn kept OT Tetums adcquatc for OUT audit have nor bcen received from brartrhe.% noi vi%iied by us: or rhc financial slal¢m¢nts aTe not in agrccmcni w'ith the acLounring rcLUTds alld retums: or Lertain di.%Lli>%urLS of IrusieL'S' mnunerdijtsn %PLciftLd bv Idw are ncil Inade.. i)r we hai'e not re¢eii'ed all the irttomiaiion and explanaiioni we teqUlTe tor our audil. Rtspthnsibilities of trustees A explained Inore llY in Il)e Statement of Tru%tees' Respon5ibililie%, the trustees (who are also the directors of the chariiJbl¢ company tor the purptsseb of Lompany lawl are rLspvnsiblL f()r the prlpiiratiun of the finai)cial 5rateinenls dnd for beinby saii%fiLd Ihal Ihey bYjVC d truc and fair vicw. and ftsr %iiih inlcnul Lniiir(Jl ihc tni%tL'% deiemiine 14 1)¢Lcssary to enable the preparation of finan¢ial statements thai arc free from tnaieTial mik4iatetnenl. whether duc io fraud or error. In prcparing the finJnLial slJtenicDt5. the trustees UTC Tesponsiblc for assessing the Lliaritable company's ability l(} Loniinuc ds a bkoinLt LollLLm. disLI(>sJng. appliLablL. Inaiier% rcldied tc> guinbl LonLern and u¥ing thc gjoing ionLcm ba%is of accountingT unl¢s5 th¢ ttuslees either iniend to liquidate the cliaritable company 01 io cease operarions, or have no rLalisiic alicrnaiivc biii ro do so. Page 4
Report of the Independent Audilors to th¢ Member$ tsf Cosmon (Belil Limited Our respon$lblllties for the 2udli of the financial 5tatementS Our objeciive5 are to obtain reasonablL assurancL' aknul wh¥ihLr th¢ fin4nLial statL'mL'nis as a whvle are frce from maierial InissiatcnI. whL?IhLr duc 10 fraud or ertor. and to issue a Rcport of Ihc Independent Auditors thai includes our opinion. Reasonable asburance is a hi¢Jh level ot assurance, bui is not a guarantee thai an aud21 conducted itt aCfOTdance with ISAS IUKI will always dCiL1 a mMi¢rial Jni¥stlIelntry1 'he li exisis. MissiaiLmLnis can arisc from fTaiid or Lrror and are Ll)nsidLYed mal¢ridl if. IiidiNi(luall} or in IhL LlbuJfL¥2IL. thLy LiTruld r¢o.4t)ndhly be CXPLYlLd 10 inlluLncL IhL economic decisions of USCTS takcn on Ilie basi% of ih¢%L fiHancFal 5taleinents. The exreni To which our proLcdures ar¢ uapablc ()f detecting irrcgularities. IllLILidingp fraud is d¢tdil¢d below.. Irregularitie5. including frdud, are insian¢e8 ol. non-LunipliancL with law's and re¥Tulaiions. We de¥ign pivcedures in lini with i)ur rL'.4Pthrt%ihililie4. nuilinLQ abovL. ID dclcct maicriiil mis%ldlLniLnt4 In Te%pLxl (If irrc¥ulariitL%, illLludirtg fTaud. Tlic cxicni io whtcli our procedure% a Lapllbl¢ of delccliiigl irreglIaT1tlc$. including traud 1% detailed bclow.. Wc assess L4)mpli&nLe with appliLable Idws atld trgwlalions that Lould rcasonably be expected 10 have a malcrial effect ali Ilie financial staieincnis. ThL kL)' Idw% dnd rL'Eulalii)n4 liaNL' LonsidcrLd in Ihi% LontLxI in¢ludcd Ihe Charitie% SORP IFRS 1021. In addition. we ha'e considered proi'isions of oilier laws and ulationS thai do not hai'e a diTtLI cff¢ct ort Ihc findncial 5raicinents bui compliancc with whi¢h may be fuiidatncnial lo ihc compdrty's Jbility 10 operdle or to avoid a maiLrial pLnaliy. ThL Lxlent l() whiLh our piN)LLdiirL% arL LapablL' c)t' dLtL'clincT irrLgulariliL'.%. including frayd i. deiailed below. Bascd on Ihc rcsults ot. our ri8k a,5Ment we d¢sig7ncd our audii pro¢¢duic5 (0 ideniity non-compliance ii'iih sueh lam8 aiid regulations identified above.we discu%%ed with managenienr ihe cxieni of LomplianLe with th(IK laws and tcgulations as pan of our dudit proL¢dures. Te address the risk of fvaud through managerneni ovemde of Controls. by obtainin¥ an undersianding Of intcrnal control and bj designiiig dudil pro¢¢dures tht iiie appropriate and %uificieni. Ive evalu<lted ihe appropnL?iene.%s of aliounting w)liLiLs used and the rLasonablcncss ot. *L¢vuniirtg LstimatLs judgLmcnis miidL by TnJnageineni. We idciiiilicd and assc.%scd any signilicani tTansaclion5 thal arc unusual or out%5de the norn)al course of busine%s. and we ID¢Vtporaled le51ingT of Inanual journal enirie% &nd Corrections iniv Our audit appi"oach. 4)ur audit proccdurcs wcrc dcsigiicd to IdLniify diid ri%ks of illaierial Ini%%latLmL'nt iii ihL finanLiiil siaiemenis, whether due 10 fraud or crTor. Thc risk of nor dcieciing a material misRtalcmcnt duc lo fraud is higThei than th¢ risk of not delecring one resuliing fronj eTfoT. as fraud may Ini'olve collii_sion, forBery, omi%8ion8, rnisreprcscntdrions. or managLmLni 0.(1L vf Lonlwls. We ionimuniLaicd idcniifi¢d laws énd regulations and WlcnlEdl Iraud risk% to 211 enga¥emeni iedlll Ineinber5 and rcinaincd alert ti? IndiLJli()n4 of fraud or non-Lnmpliance with laws and iebjulations Ihroughoui the audit. The eng)agiemenl partner considers ihe tngagLient ledm collectively h8d the appropnaie ivmp¢icncL capiibilitiC5 10 identify or rLYogniz¢ non-eomplidiice '1th laws and rLgulaiions. -There are InheTent lin)ilations in thc audii procedure% described aboi'e and the funher removed non-compliance with law'% and regiulalioi)% 1.4 from the event% and rran%aciion% reflecied in the financial slatet]ients, the le%$ likelv M'e M'ould become aware of ii. Also, Ihc risk of nut dcl¢LlingT a marerial mitssiaicmcni dill to IrdULt is hiiyher ihan ihc risk of not daLciinx onL from LrroT, d% fr4ud Inay invol%'c dLlibLraic LunLL'dlmeni b),. for Lxainplc. forgery i)r inleiilional tnisrepre%entaiitrn. or througTli collusion. Ollr re%pon_%ibilily IS to conclude M-hether ihe financial siaiemeii15 represent Ilie undcrlying finaiicial posiiion and lIl(lL$ of thc chdrity and io cnsurL ihai the oTrLrdll Lontcnl at]d prescntation vf the finanLial siaicrnLllii giveb a fdir Vie.. A funher descnption of our re5POn5ibililies for the audii ot. the tinancial statement5 is located on the Financial Reporting Council's %4'ebsiie al ww.frc.tsrg.UkIaudiIUrsr¢SPDnlbl1rlCs. This d¢sLripiiun fonns pan of our Rlyurt of Ihc IndLp¢nJ¢nl Audiiurs. Page S
Report of the Independent Auditor5 to ihe Member5 of C05tnon (Belil Limited Use of our report This rcport is madL 501Lly to th¢ LhaDtable Lornponv's m¢tnbLTs. a5 J b(Kly. In ai¥urdJn¢e with Chapt¥T .1 of Part 16 of Ihe Ctsnipanies Aci 2(X)6. Okir audii work lia% bccn iindcrtakcn $0 Iliai wc Iiiighi siaic 10 Ihc chariiable compan)'s mernbers those matteTS we are requiTed io state to them Iii an auditors, report and for no other putpo%e. To the fullest exreni pcrn)itled by law, we do noi aicepr or assiime rcsponsibilitv lo anyone oihcT than the charitable cojnpany and thc chariLqble Lotnpany's as d bu(ly. for (iui aii(Iil wi)rk. IciT thi% T¥P()rt. or li)T Il)L tspiniani we hdve fumed. Mr A Heller FCA (Senior Siamiory Aiidiiorl for and On khdlf of Martin + H¢llLr ChdrtLrLd ALLounianls and Reg151ered Auditor 5 North End Road London NIIII 17RJ Daic.. Page 6
Cosmon IBelLI Limited Statement of Finaneiaj Actil'ities for the l'ear Ended 31 Mgrch 2025 31..1.25 Toial fijnds Unresiri¢ied rtd Resiriclcd tld Total fuods Nu1¢5 INCOME AND ENDOWNIENTS FROM Donatrtsns and lega¢Jes 97.829 97.829 201,083 InwestTnenl income -137.887 337.887 280.582 Total 435.716 435.716 481,665 F.XPTr.NDITURF. UN Raisin¥ fund5 12.406 12,406 27.423 Charllable activitie$ Grants Governance Costs 141 ?54 2,400 141.254 ?,400 172.530 2,400 Oiher ?04.376 204.376 196,327 Total 36D,436 360,436 398.680 NET INCOME 75.280 75.280 142.985 RECONCII,IATIOY OF Fuf4DS Tiilal funds bmijghi forward 4.530.419 4.530.419 4,447.434 TOTAL FUNDS CARRIED FORWARD 4.605,699 4.605.699 4.530.419 The notcs torn) part of Ihe.%¢ financial %(ql¢Tn¢nls Pdgc 7
Cosmvn Ill¢l£l l.imitL¥J Bhlgnee sheet .11 M#rLh 1025 31.J.25 Total 31,3.24 -I'otal fvnds UnreslriCtcJ fiinJ Eiestriried fund FI¥Tr-D ASSLI'S 7,500.000 7.S(K>,(M)O 7.ilX).(M) CI.'RRb.NT ASSb:I'S -17.4-, 1 17.444 Ik.bti)rs 5.IXMI S.OU(I 47.173 47.173 75.4?11 CREDITIDILS Aiiiounls fiillinbF duL *'iihin i)nL yiai. {7?4.4541 {724.4541 17) l.)941 ET CUIiRF.YT ASSF.T {677.21111 {67fi.174 1 TC)TAI..4SSF.T8 I.FSS CLRRF.fiT LIABILITIE 6.%2?719 6,823,%26 CREDIT(>IL4 An7115 falling due after tnlTrTe than thne year 15 12.217,U?u } i? )17.1)•o I 11 Iy j,4071 ET A%%ET 4.W5.IiYY 4.6(15.699 4.530,419 17 [ Inr¢qiri¢ied fund 4.(5.69 4.5JU,41¥ T()TAL FLTNDS 4.605.699 4,5_3U,419 ¥14tiLmei)ts ei"i 4pproNed bk the Board ot 'l'N%t¢L% and authorisLTrd for and "c.l%d iin Ils bb"hJl(hy'. 155ue J Ilaujn Thc notc¥ funn part ol"Ihc%e finJnLial siatontnis
C05mon IBelLI Limited Cash Flo Staiemtnt for the l'ear Ended 31 March 2112S 31..1.25 31.3.24 Notes C*sh flows fr(bm operating activilies Cash ocneraied froiii operations InteT¢St paid 275,767 1195,1561 2.36.5.34 1187,1421 Nd e&8h provided by opcraiin¥ aciiviiics 80,()1 49,-192 Cash tIDITrS from financing actii'ities Loan repaymen15 in year 17C).3871 171.4()71 Nel cash u%ed in financing aLiivilies 176.3X7} 171.467} e#5h artd eash equRwalent5 i the reporting period Cash and cash equivaleTrt5 at the beginning of thc repurilng pcrlod 4,224 (22.0751 37,949 60,024 Cash 2nd cash equRI'alents al the end of the repOrtig p¥riod 37.949 The noics lorni part of ihe%e finaiicial %ialenicnl Pag7e 9
Cosmon (Belzl Limiled otes to the Cash Flow StattmcNt for the Year Ended 31 March 2Q25 RECONCILIATION OF NET INCOME TO NET CASH FLOW. FROM OPERA TING AC.TIVJTIES 31.3.25 31.3.24 Nel incorne for Ihe reporting perlod las per the Staternenl of Financial Artiviti¥s} Adjustments for: Int¢re51 P<li(J DccrLascllincrLasLI In debiuT. Decrcasc iii crLsditors 75,280 82,985 195,1.56 32,471 127.1401 1 ¥7,142 12n.71.31 Net cash provided by operation$ 275,767 236.534 AWALYSIS OF CHANGES IN N'ET DEBT At 114124 Cash flow At 3113125 N¢t ¢gsh Cash at bank 37,949 4.?24 42.173 37.949 4,224 Dcbt Debis falling duL within l ytrar DLbis fallin¥ diie after l year 1149,?531 12,217.0201 1?.293.4071 76.-387 12.442,6601 76,387 12,366,273) Total 12,404.7111 80,611 12,324.1001 ThL nOl¢% fo part of lh¢ financial %taiLmLml Page 10
Cosmon IBelzl Llmlt¢d Notes to the Financial Statement5 for ihe I'egr Ended 31 March 2025 Accouf4TING POLICIES Basis of preparin% the financial slatemen15 The financial 4lat¢m¢nis 1)I' lh¢ chdntabl¢ Lompany, which 1% a public bcneftl eniiry under FRS 102. have b¢en pr¢parcd in accordancc with thc Chariiies SORP IFRS 10?) 'Accounling and Repoiting by Charities.. Siaiemeni of ReL(Imrn¢nded PiaLIILL dpplILablL li) LhdritlLi prcparinbi Ihcir aLL(iiini% in aLC()rddnLL lih IhL FIttL11 Reponing Standard applicable in ihc UK and kcpublic of ITcland IFRS 1021 Icffcclive l January 20191., Financiitl RepoTting Si(tiid4FJ 102 'Tlie Financial Reporting Siandard applicable in The UK and Republic of Ireland. and the Cotnpanies Act 2(X)6. 1'h¢ finrfin¢iJl slat¢tncnl4 hdv¢ bL'En under th¢ histUTiLal Lost Ll)nvention. All inc(Ime is oc()glI4¢d in th¢ Ststeineni <)r FitidnLidl ALlivitic% cinLe ihe Lliarily hd.% ¢niiilemeni i() the fund%. it is probable that the income will bc receiN'ed and the aniouni can be measured reliably. Expenditure Liabiliii¢s are re¢ouini*d as expenditure a8 a% there i% a legal or con%iTuciive obligaiion commitlingi the charity to ihar ¢XPLndirure, it is probablL Ih<il a transfer of ccvnoniic benefit5 will required in settlenieni and the airount Df the c)hli¥Jtii)n ¢on he InL'J%ured reliably. xpLnd1IUrL is dLLOLinlLd for on an aLLrudls bdS14 dn(I ha becn cl&%%ificd under Iicading% Ihai aggrcgare all co%1 rclalcd 10 Ilic calcgory. Wliere co%ts cannot bc dirccily attributed lo particulai. headiii¥s they hai.¢ b¢¢n alloc<lted lo actiTrilies on a ba51S ¢tsll5151ent with the use of r¢svuri¢s. Grants offered %ubjeci io conditions which have noi been mel ai ihe year cnd dale are noted a% a commitment but iiot accrucd as cApcndiiuTe. Allocalion and apportiontnent of ¢o$ts GufvLman¢L ¢0%1 includi LOSI% ot. IhL pfLpararion ot. fEnaneial slaicmcnls, rhc costs of MISt mLLiings and Cost of any legitl udviLc to IrLL4lee% governance orLonstilulivnal rn411¢rs. Tangible fixed a55et5 TangiblL fixed as%et%. coinpri8cd of inve%imcnl propcrty, 1% %lalcd ai thc tnistec% c%iimaiL of markLi value ai IhL' balancc 5he¢l date. Any aggrcgjalc 5ury)lus or deficii aTi5ing fiorn changes in fair valuc 1% rccogniscd in profil or Tax9tion The chaTily is exempt froTll COTPOTalion tax on it5 chdritable activities. Fund accounting Unrcsrrictcd fuiids can bc used in accordance with thc charitable objeciives ai the diserction of ihe ttusle¢s. Rcsrricrcd filnds can only bc uscd for particular rcstriclcd purposcs ii'iihin ilic objccis ot-rhe ehariry. Resiri¢iions aris¢ when specified by th¢ (IL)nur or wh¢n fundb aT¢ fdi%ed for Pilrticular reslnLie(I PUTposes. Further explanation of the nature and putp)5e of cacli fund is inLlud¢d iii the note5 to Ihc financial slalemcnls. Page 11 continued...
Cosmon (Belzl Limited Noits to the FinancRal.Statemeni$- conlinued ror the l'ear Ended 31 March 2025 DONATIONS.4ND LEGACIES 31.3.25 31.3.24 Donations 97,829 2Ql.083 INVESTMEIYT INCOME 31.3.25 31.3.24 Rents Teceived 337.887 280.582 RAISlTriG FUNDS Inve$tmtNt management ¢osts 31..1.25 Raics and Wdier PTOPCrty repairs 766 26,657 12,406 12,406 27,423 CHARtTABLE AcfiviTIES COSTS Grant lundingT or aciiviries Isce niiie Support Losts Ig¢L note 71 6} Grants GokeTnanLe Costs 141,254 141 ?54 2,4QO 141,254 2,4(K> 143,654 GK4NTS PAYABLE 31_3.25 31.3.24 Grants 141 ?54 172,530 The ioial grant5 paid io tnsiitulions dunno the year a$ as follow5.. 31.3.25 31.3.24 Donations 10 insiitutions 141.254 172,530 Total gran15 to instjlUlivn5 is Lompriscd &% fulluw5'. B¥17. IsTael BLIZ Syna¥o¥ue Doi'er Sholem Corninunity Tnjsi Mercaz Torah Vechesed SimLhaih Tzadikim Belz Oihcr donaii(In5 le55 Ilian £ l O.OOa 20.820 10.IKKJ 12,200 i 0,000 13.900 Pa¥¢ 12 continued...
Cosmon IBelzl Llmited Notes to the Finanttal Siatement$- continued for the Year Ended 31 Marth 2025 GRANTS PAYABLE- Continued 141,254 SUPPORT COSTS Governance costs Orlier re%our¢¢% expended GoK'erndllCC Cost 2,400 206.776 NET INCOMEI{EXPENDITUREI Net ineomLI{¢xpendiwrcl is 5tsted after chargingTllcrcdiiit)gl'. 31.3.25 31.3.24 AuditL)rs' remiineraiion 2.400 TRUSTEES, REluNERATIO AliD BENEFITS There were no irusiees, Ten)unerdiion or other benefits for the yeltr ended 31 March ?025 nor for the year ended 31 MarLh ?024. Trustees, exn$¢$ Thete were no iru8l¢c5' expense% Pdid for the year endcd 31 March 2025 nor fc)r th¢ ycar cnded I l MarLh 2024. STAFF CC).STS 31.3.25 31.3.24 Wagcs antl SiilJrics 5,565 7,975 5.565 7.975 The averagc Inonihly nurnber of employecs during the ycar as follow5.' 31.3.25 31.3.24 Offlce Admin No employees TeL¢ivcd Lmiolumenis in exLess of £60.{. Page 13 ontinued..
C05mon {Be121 Limiled Notes to the Finantfftal Sialements- Continued for the lear Ended 31 Mar¢h 2025 COMPARATIVES FOR THE STATEMENT OF FlIY.4NC.IAL ACTIVITIES Unrcstricrcd fund Re51ricicd fund Total fun<Js INCOME AND ENDOWMENTS FRO1 Donations and legaLICS 201.083 201,081 Ini'estnient income 2%0,582 280,582 Total 481,665 481.665 EXPENDITURE ON RAising tllnds 27,423 27,423 Charitable attii'ities Grdnis Goi'ernanLe Costs 172,5iO 2,40U 172.530 2.4( Other 196,327 196.327 Total 398.680 -198.680 NET INCOME 82.9%5 82,985 RECONCILIATION OF FUNDS Total fund5 broughi ton¥ard 4.447.434 4.447.434 TOTAL FUNDS CARRIED FORWARD 4.530,419 4.530,419 12. TANGIBLE TrI¥ED ASSETS FrLLhttld propcrry COST At l April 2a24 and 31 March 2025 7.5(X).000 ET BOOK VALUE Ai 31 Imarcli 2025 7,500,000 At 31 MarLh 2024 7.50n,(KK) Pfige 14 continued...
C05mon (Be121 LimRted Notes to the FinanclJ)I Stalements- continued for the l'ear F.nded 31 MAr¢h 2025 13. DEBTORS: AMI OUNTS FALLING DUE WITHIN QNF. YEAR 31.3.25 31.3.24 OiheT debtors Rent debior% 5.(X)O 32.471 5.IXM) 37.471 14. CREDITORS: AMnUNTS FALLING DUE WITHIN ONE YEAR 31.3.24 Rdnk loan% and OV¢Tdraftb ISLL. note 161 Other crediior. Ac¢Tual4 and defetT¢d inconie 149.253 570.221 4.98U 149.253 595.221 7,120 724.454 751,594 Is. CREDIT()R.S: AMOUNTS FALLif+4f. DUE AFTER MnRE THAN ONE YEAR 31..3.25 31.3.24 Bdnk Ivan5 IsL'e noi¢ 161 2,217,02U 2.293.407 16. LOANS An analysi.% ol'thc niawrity ol'louiis is given below.. 31.3.25 An]ounis falling due within one year on demand.. Bank Ivans 149.251 141).253 Amollrtis falling beiweeii one and two years.. Bank loans- 1-2 years 150.920 150,920 Amoun1% falling due betwecn tw'o &Dd fli'c ycarg". Bank loans- 2-5 y¢ar5 4.13.595 439,150 Amounts falling due in InDre than fivc years.. Repayable by inslJlment5'. Bank loans more 5 yr by in.4lal 1,632.505 1.703.337 Pdg¢ 15 continued...
C05mon IBelzl Limiled Notes to th¢ Ftnancial Stattment5- contlnued ror the l'ear Ended.11 fvlarch 2025 17. MOVEMEP4T IN FUNDS Net tIlOVCrnLnt in fund Ai 114124 At 3113125 Lnre$tr5cied fund% Cjcncral tund 4,5.30.419 75.280 4.605.699 TOTAL FUNDS 4,530,419 75,280 4.605.699 N'et mvvthncnl in fund%. included in ihe above arc a% fc)Ili)w.4.' Incoming rL.4OIITCCS R¢soutC¢5 expendLsd Muvement in furtds Unrestricted funds GenLT41 fund 435.716 I3(.436) 75,280 TOTAL FUNDS 435,716 1.360.43fi1 75.280 Comparatives for movement in funds Inoi'¢ment in funds At 11&23 At 3113124 Unrestricted funds General fund 4.447,434 82.985 4.530,419 TOTAL FUNDS 4,447,434 82,985 4,530,419 Comparative nei n)ovement in funds, included in the above are a5 follows.. Incoming re8ource5 Resources exp¢ndcd Movement in funds Unre$tricted funds General fijnd 481,665 1398.6801 82.985 TOTAL FUNDS 481.66) 1398.6801 82.9¥5 Page 16 coniinu¢d...
Cosmon (Belt) Limited Notes to the Financial Stlllcments- eonilnu¢d for the Year Ended.11 ftriarch 21125 17. MOVEMENT JN FUNDS- ¢ontinued A currL'ni yeaT 12 nionihs dnd pri()r year 12 m()nihs Lornbtned po%itii)rt TS a5 follows.. Ner movemLml In funds Al 11412.1 Ai 3113125 Unrestricted fund$ GciiLrJl fund 4.447.4i4 158.265 4.605,699 TOTAI. FUNDS 4.447,434 158.265 4.605.699 A rU¢17t year 12 mi?Dihs and pri()r year 12 monih% combincd ncl niuvLm¢nl in flind%. Includcd in Ihe ab(Ive arL' as follows". InLoming r¢sourLL.4 RcsourcLS LxpendLd Moi'cmint runds UNreslrict¢d fund5 Ciener41 fuiid 917.381 1759,1161 158.265 TOTAL FUNDS 917.381 158.265 18. RELATED PARTY DISCI.OSURES DonatiotLS received by Ihi Lharity inilude the folluwing amount5 whiLh were rcLeived from Lharities which have truslees in com¥non willi Cosmvn Illelzl Limited.. Belz Foundation Ltd MorL'sh¥*t HatOTah Limited 1,225 1,565 Donatiot]s receii'ed Irom Mr J Bauingarten amounted lo 131,250. Donations paid by the charity includc the following aniounts which werc paid to Charities which have tru8tees in common wirh C.o%mon (Belzl Limite(l.. Moreshet Hatorah Limiied Chei'ra% Mo'uz Ladol The TalTnud Tordh Machzikci Hdd$ Trust 5,IK)O 2,750 1.000 Oih¢T creditors includ¢ ihe following loan5 due io ¢haTities which hav¢ trustees in ¢onunot] with C05mon (Belzl Limired.. Morcshci Haiorah Lirnited Belz Foundatton Ltd 5(KJ,221 70.000 During the year, rent received from.Moreshet Ilatorah Limited was £176.133. Page 17