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 {ettectl￿t l Januajy 20191. 0￿EcTIVE,￿ 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. GOVERNAf*CE 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[ne￿I 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 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 dCLUrdDI￿L. 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 inLfdiiiiO d %lrJlL'gTiL FLpcTrrl. Jppri)i'i.d hy cirder lif IliL hi)arJ lif tnjs1i￿.%. Ihe c(Inipan} dir¢cluT%. nii and sikiTrc(l on ihe board's l>ehaifby". J 13aurn￿ftL*l- 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 r￿Ourc¢S and applicali()n L)f TC%(Iiifi¥¥. inLludill¥ ils inii)IM¢ aii(I CX1K￿dI1ure. 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' rc4pal 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$lblllties for the 2udli of the financial 5tatementS Our objeciive5 are to obtain reasonablL assurancL' aknul wh¥ihLr th¢ fin4nLial statL'mL'nis as a whvle are frce from maierial Inissiat￿￿cnI. whL?IhLr duc 10 fraud or ertor. and to issue a Rcport of Ihc Independent Auditors thai includes our opinion. Reasonable asburance is a hi¢Jh level ot assurance, bui is not a guarantee thai an aud21 conducted itt aCfOTdance with ISAS IUKI will always dCiL￿1 a mMi¢rial Jni¥st￿lIelntry1 ￿'he￿ li exisis. MissiaiLmLnis can arisc from fTaiid or Lrror and are Ll)nsidLYed mal¢ridl if. IiidiNi(luall} or in IhL LlbuJfL¥2IL. thLy LiTruld r¢o.4t)ndhly be CXPLYlLd 10 inlluLncL IhL economic decisions of USCTS takcn on Ilie basi% of ih¢%L fiHancFal 5taleinents. The exreni To which our proLcdures ar¢ uapablc ()f detecting irrcgularities. IllLILidingp fraud is d¢tdil¢d below.. Irregularitie5. including frdud, are insian¢e8 ol. non-LunipliancL with law's and re¥Tulaiions. We de¥ign pivcedures in lini with i)ur rL'.4Pthrt%ihililie4. nuilinLQ abovL. ID dclcct maicriiil mis%ldlLniLnt4 In Te%pLxl (If irrc¥ulariitL%, illLludirtg fTaud. Tlic cxicni io whtcli our procedure% a￿ Lapllbl¢ of delccliiigl irreg￿lIaT1tlc$. 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*￿,5￿Ment 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 th￿t iiie appropriate and %uificieni. Ive evalu,(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 An7￿1￿15 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.(￿5.6￿9 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 repOrti￿g 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 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$- continued for the Year Ended 31 Marth 2025 GRANTS PAYABLE- Continued 141,254 SUPPORT COSTS Governance costs Orlier re%our¢¢% expended GoK'erndllCC Cost 2,400 206.776 NET INCOMEI{EXPENDITUREI Net ineomLI{¢xpendiwrcl is 5tsted after chargingTllcrcdiiit)gl'. 31.3.25 31.3.24 AuditL)rs' remiineraiion 2.400 TRUSTEES, RE￿luNERATIO￿ AliD BENEFITS There were no irusiees, Ten)unerdiion or other benefits for the yeltr ended 31 March ?025 nor for the year ended 31 MarLh ?024. Trustees, ex￿n$¢$ 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