COMPANY REGISTRATION NUMBK]L. 00792171 CHARITY REGISTRATION NUMBER: 268521 TSEDOKO LIMITED Company Limited by Guarantse FINANCIAL STATEMENrs 31 MARCH 2025 COHEN ARNOLD Chartered accountants & statutory auditor New Burlington House 1075 Finchley Road London NWII OPU
TSEDOKO LIMITED COMPANY LIMrrED BY GUARANTEE FINANCL4L STATEMENTS YEAR ENDED 31 MARCH 2025 PAGES Trustees, annual report (incorporating the director's report) tnd¢p¢ndent auditor's report to the members Statement of financial activities (including income and expenditure accounl) Ststement of financial position Notes to the financial statements Ito4 5t09 io li 12to17
TSEDOKO LIMITED COMPANY LIMITED BY GUARANTEE TRUSTEES, ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT) YEAR ENDED 31 MARCH 2025 The tNStees, who are also the dire¢tors for the PUTPOS¢S of company law. present their report and the financial statements of the charity for the year ended 31 March 2025. REFEREF4CE AND ADMINISTRATIVE DETAILS Tsedoko Limited Registered charity name Charity regtstration nrnber 268521 Company registrotion number IK)792171 Principal 01CC 3 Goodyers Gardens London NW4 2HD United Kingdom Registered 0mee New Burlington HO8e 1075 Finchley Rtsad London NWII OPU United Ksngdom THE TRUSTEES Mrs R S Glatt Mr L Glatt Mr I L Glatt Mr A C Kestel Mrs D F Kestel COMPANY SECRETARY Mrs R S Glatt AUDITOR Cohen Arnold Chartered accountants & statutory auditor New BurlingEon House 1075 Finchley Road London NWII OPU
TSEDOKO LIMITED COMPANY LIMITED BY GUARANTEE TRUSTEES, ANNUAL REPORT ONCORPORATING THE DIRECTOR'S REPORT) (coJrfiu¥¢d) YEAR ENDED 31 MARCH 2025 STRUCTURE, GOVERNANCE AND MANAGEMENT The charity is constithted as a company limited by guarantee, gov¢rn¢d by its Memorandum and Articles of Association. Th¢ day-to-day affair5 of the company are administered by the trustees. None of the trustees have any beneficial interest in the Company. It is not currently the intention of the trnstees of the charity to appoint new trustees. Should the situation change in the future, the trustees wtll apply suitable recruitment training and indwtion procedures. All trustees give their tirne voluntsrily al no benefit or expens were received ty them during the year. RISK MANAGEMEIYT The trustees h&ve seSSed the major risks to which the charity is exposed, in Pani¢ular those related to the operations and finances of the charity, and are satisfied that system5 are in place to manage those risks. OBJECTIVES AND ACTIVITIES The charity is established to further those PUTPOSeS both in the United Kingdorn and abroad recognised as charitable by English Law. Th¢ charity received income mainly from its prortY investments which it ulilises to make grant5 and donation5. During the year the charity Continued to pursue its philanthropic objects in support of educational. religious and other Charitable Organisations which was in accordance wilh the guidance of the Charity Commission relating to Public Benefit. Grant Making Poliey Grants are made to charitabl¢ institutions and orgAnisation which accord with the objects of the charity. ACHIEVEMENTS AND PERFoR1NcE During the year the charity continued its philanthropi¢ activities in support of educational. religious ond other Chilable Organisations which is in accordan with the guidance of the Charity Commission relating lo Public Benefit. The aSeate of the donations and grants were £561,620 (2024.. £406,510). The financial results of the charitys activities for the year to 31 March 2025 are fully reflected in ihe attached Financial Statements together with the Notes thereon.
TSEDOKO LIMITED COMPANY LIMITED B Y GUAR4NTEE TRUSTEES, ANNUAL REPORT aNCORPORATING THE DIRECTOR'S REPORT) YEAR ENDED 31 MARCH 2025 FINANCIAL REVIEW Reserves policy It is the )licY of the charity to maintain unrestricted funds, which ar¢ the free reserves of the charity, at a level which the trustees think appropriate after considering the future commitments of the charity and the likely administrative costs of the charity for the next year. Investment powers and policy Under the Memorandum and Articles of Association. the charity has the power to make any investment, which the truste¢s consider appropriate. The tNstees regularly review the charitgs investment policy. The trustees consider the return on investments, in ternis of both income and capital growth, to be satisfactory. The trustees, having regard to the liquidity requiretnents of the charity and to the reserves policy have operated a policy of keeping available funds in an interest bearing deposit account. PLANS FOR FUTURE PERIODS The ttwstees plan to continue to make distributions in accordance with their grant making policy and to ensure that the ability to generdte sufficient income is maintained to achieve that end. TRUSTEES, RESPONSIBILITIES STATEMENr The trustee5, who are also directors for the PuSeS of company law, are resp)nsible for preparing the trustees, report and the financial statements in accordance with applicable law and United Kingdom AoUnting Standards (United Kingdom Genernlly Ac¢epted Accounting Practice). Company law requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitable company ad the in¢orning resouwes 2nd application of resources, including the income and ¢xpenditure, for that period. In preparing these financial statements, the trustees are required to- select suilable a¢counting policies and then apply them Consistently- observe the methods and principles in the applicable Charities SORP. make judgtnents and accounting estimates that are reasonable and prudent" prepare the financial st&tements on the going concern b&sis unless it is inappropriale to presume that the charity will continue in business. The trustees are responsibl¢ for keeplng adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable thetn lo ensure that the financial statements comply with the Companies A¢t 2006. They are also responsible for safeguarding the assets of the charity and hence for tsking ronable 5tep$ for the prevention and detection of fraud and other irregularities.
TSEDOKO LIMITED COMPANY LIMITED BY GUAIL4NTEE TRUSTEES, ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT) (<wJllnuÈdJ YEAR ENDED 31 MARCH 2025 AUDITOR Each of the person5 who is a t]vstee at the date of approval of this report confllins that: so far as they are &ware. there is no relevant audit inforniation of which the charity's auditor is unaware. and they have taken all steps that they ought to have taken as a trustee to make ther[1Ve$ aware of any relevant audit infonnation and to establish that the charity's auditor is awar¢ of that infomjation. The auditor is deerned lo hav¢ been re-apinIed in accordance with section 487 of the Companies Act 2006. SMALL COMPANY PROVISIONS This report has IKen prepared in accordan¢¢ with the provisions applicable to companies entitled to the sm8]I companies exemption. The trusiees, annual report was approved on 5 August 2025 and signed on behalf of the board of tmstees by.. hfv9+ Mrs R S Glatt Trustee
TSEDOKO LIMITED COMPANY LIMITED BY GUARANfE INDEPENDENf AUDrroR'S REPORT TO THE IIIEMBERS OF TSEDOKO LIMITED YEAR ENDED 31 MARCH 2025 OPINION We have audited the financial statements of Tsedoko Limited (the 'charity') for the year ended 31 March2025 which comprise the statement of financial activities (including income and expenditure account), statement of financial position and the relited notes. including a summary of significant accounting policies. Th¢ financial reporting framework that has been applied in their preparation is applicable law and United Kingdom A¢¢ounling Standards. including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally A¢¢epted Accounting Practice). In our opinion th¢ financia] statements.. give a true and fair view ol the state of the charity's affairs as al 31 March 2025 and of its incoming resour¢es and application of resources, including its income and expenditure. for th¢ year then ended. have been properly prepaTed in accordance with United Kingdom Generally Accepted ACCOling Practice. have been prepared in accordance wilh the requirements of the Companies Aci 2006. BASIS FOR OPINION We conducted our audit in accordance with Intemational Standards on Auditing (UK) OSAS (UK}) and applicable law. Our responsibilities under those standards are further described in the auditovs re5ponsibiliti¢s for the audit of the financial stitements section of our report. We are independent of Ihe charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK. including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilitie5 in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and 4)propriate to provide a basis for our opinion. CONCLUSIONS RELATING TO GOIL¥G C0Tr4CERN ITL audi1ing the financial statements. we have ne]llded that the truslees, use of the going concern basis of accounting in the preparntion of the financial statements is appropriate. Based on the work we have performed. we have not identified any material uncertainlies relating to events or conditions that, individually or collectively, may cast significant doubt on the charitys ability to continue as a going concern for a period of at least twelve months from when the financia statements are &uthorised for issue. Our responsibililies and the responsibilities of the trustee5 With respe¢t to going concern described in the relevant s¢¢tions of this report.
TSEDOKO LIMITED COMPANY LIMITED BY GUARANTEE INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF TSEDOKO LIMITED {coKttINuJ YEAR ENDED 31 MARCH 2025 OTHER IF4FORMATiof4 The other infornialion comprises ihe inforMlon included in the arUl1 report, other than the rinan¢ial statements and our auditor's report thereon. The trustees are responsible for the other infonnation. Our opinion on the financial statements does not cover the other infonnation and, except to the extent otherwise explicitly stated in our report, we do not express any forn] of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other infomtIon and, in doing so, ¢onsider whether the oiher information is materially inconsistent with the financial Statements or our knowledge obtained in the audit or Dthenvise appear5 to be materially misstated. If we identify such material inconsisteneies or apparent material misstatements, we are required io detemiine whether there is a material misstaternenl in the fInancial statements or a material misstatement of the oiher information. If, based on the work we have performed, we conclude that shere is a tnaterial misstatement of this Oth infornialion, we are required to rep)rt 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: Ihe inforntIon given in the trustees, report for the financial year for which the financial statements are prepared is consistent with the fllwicial ststements" and the trustees, report been prepared in accordance with applicable legal requirements. MATTERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION In the light of the knowledge and understanding of the charity and its environn]ent obtained in the course of the audit, we hive not identified material misstatements in the trustees, report. We have nothing to Teport 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 kept. or returns adequate for our audit have not been ceived frotn branches not visited by us- or the financial statements are not in agreement with the accounting records and returns. or certain disclosures of trustees, remuneralion specified by law aTe not made. or we have not received all the inforniation and explanatlOll5 w¢ require for our audit; or the trustees were not entitled to prepare th¢ financial statements in accordance with the small companies regime and take advantage of the sm211 companies, exeJnptions in preparing the directors, report and from the requirement to prepare a strategic report.
TSEDOKO LnvIrrED COMPANY LIMITED BY GUARANTEE INDEPENDENf AUDITOR'S REPORT TO THE MEMBERS OF TSEDOKO LIMITED (COJllllluédJ YEAR ENDED 31 MARCH 2025 RESPONSIBILITIES OF TRUSTEES A5 explained more fully in the trustees, SpOnsIbl11t]eS statement, the Iruslees (who are also the dirertors for the PUTposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true 2nd fair view, and for such internal control as the trustees determine is ne¢essary to enable the preparation of financial statements that are free from material misstatement. whether due to fraud or ¢rror. In preparing the financial statements, the trustees are res]x)nsible for assessing the ¢harity's ability to continue as a going concem, disclosing. as applicable, matters relaled to going concern and using the going concern basis of accounting unless the tn]stees either intend to liquidate the charity or io cease operations, or have no realistic alternativ¢ but to do so. AUDITOR'S RESPONSIBILITIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS Our objectives are to obtsin reonable assurance about whether the financial statements as a whole are free from material 5ni55tstement, whether due to fraud or error, and to issue an auditor'5 report that includes our opinion. Reasonable a55urnnce is a high level of L8surance, but is nof a guarantee that an audit conducted in accordan¢e with ISAS (UK) will always detecl a material misstatement when it exists. Misstatemen15 can arise from fraud or error and are considered material if, individually or in the aggregate, they Could reasonably be expected lo influeTLce the economi¢ decisions of user5 taken on the basi5 of these financial staternents. Irr2gularitie& including frau( are instances of nonvcompliance with laws and regulations. We design procedures in line with our responsibilitie& outlined aix)ve, to detect material misstatemeT)ts in respect of irregularities, inclllding fraud. The extent to which our proc¢dur¢s are capable of detecting irregularities, including fraud is detailed below: We obtained an understanding of the legal and regulatory fratneworks that are applicable to the group tlwough dis¢ussion with the dir¢¢tors and identified which were most Si11r]eant with respect to the financial statements. We identified finaucial reporting legislation (including related companies legislation), tatIOn legislation, landlord legislatiOTJ, and anti-bribery legislalion as being most significant to these financial statements. We cotwnunicated these identified frameworks amongst our audit team and rernained alert to any indications of non- ompli2nce throughout the audit. We ensured that the engagement team had suffi¢ient competence and capability to identify or recognise non-compliance with laws and re8ul&tions. We discussed with the directors the poli¢i¢s and procedures regarding compliance with these legal and regulatory frameworks. We assessed ihe sus¢eptibility of the group's financial ststements to materi&l misstatement due to non-compliauG¢ with legal and regulatory frameworks, including how fraud might occur, by enquiry with ihe directors during th¢ planning and finalisation phases of our audit. The susceptibility to such material misstatement was det¢rtniJ)ed to be low. Based on this understanding we designed our audit procedures to identify non-complian¢e with the identified legal and regulatory frameworks, which were part of our procedures on ihe relAted financial statement items. Our procedures included reviewing the 0Up,$ internal controls policies and procedure& CoespOndence wilh regulatory bodies includiyjg HMRC, testing transaction5 outside ihe normal course of the business and journal ¢ntries, and discussions wiih the directors and senior managernent.
TSEDOKO LIMITED COMPANY LIMITED BY GUARAiYfEE IIWEPENDENT AUDOR's REPORT TO THE MEMBERS OF TSEDOKO LIMITED (conllmued) YEAR ENDED 31 MARCH 2025 Owing to the inherent lirnitstions of an audit, there is an unavoidable risk that we may not hive detected some material mis5taternents in the financial statements. even though we have properly planned and performed our audit in accordance with auditing standards. For example, the further removed non-compliance with laws and regulations (irregularities) is from the events and transactions reflected in the financi21 statements, Ihe less likely the inherently limited pro¢edures required by auditing standards would identify it. In addition, as with any audit, there remained a higher risk of non-detection of irregularities. as these may involve Collusio forgery. intentional omissions, misrepresentations, or the override of internal controls. W¢ ar¢ not responsible for preventing non- compliance and cannot be expected io detect non-compliance with all laws and regulations. As part of an audit in accordance with ISAS {UK), we exercise professional judent and maintain ptDfessional sceptiCi5m throuEhout the audit. We a150- Identify and SesS the risks of material misstatement of the financial statements. whether du¢ lo fraud or error, desi and perforn) audit procedures responsive to those risks, and obtain audit evidence that is suificient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error. as fraud tnay involve Collusio forgery. intentional omissions, rnisrepresentations, or Ihe override of int¢mal control. Obtain an understanding of internal conttDI relevant to the audit in order to design audit procedures that are appropriate in the circumstsn¢es, but not for the purpose of expressing an opinion on the effectiveness of the internal control. Evaluafr the appropriateness of accounting policies used and the reasonableness of accounting estimate5 and related disclosures made by the trnee$. Conclude on the appropriateness of the trustees, use of the going concern basis of accounting and, b&8ed on the audit evid¢nce obtained, whether a tnAterial uncertainty exists related to events or conditions that may cast signifLcarit doubt on the charity's ability to continue as a going concern. If we conclude that a material un¢¢rtainty exists, we aTe required to draw attention tn our auditor's report to the related dis¢losures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidenre obtained up to the date of our auditor's report. However, tUre events or conditions may cause the charity lo cease to eoTrtinue as a going concern. Evaluate the overall presentation, structure and content of the financial statements, includtng the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achiev&8 fair presentation.
TSEDOKO LIMITED COMPANY LIMITED BY GUARANTEE INDEPENDENf AUDrroR'S REPORT TO THE IVIEMBERS OF TSEDOKO LIMITED (Cvnfiryued) YEAR ENDED 31 MARCH 2025 We communicate with those cFLarged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findiDgs. including any significant deficiencies in internal control ihat we identify during our audit. USE OF OUR REPORT This report is made solely to the charity's members. as a IXMIY? in accordan¢e with Chapter 3 of Part 16 of the Companies 2W6. Our audit work h&s been undertaken so that we tnight stal¢ to the charity's members those matters we are required to state lo them in an auditor's report and for no other purpos¢. To the lIest exlenl perniitted by law, we do not accept or assume tesponsibility to anyone other than the charity and the charity's members a body, for our audit work. for this report, or for the opinions e have formed. Dov Harris F A (Senior Statutory Auditor) For ad on behalf of Cohen Arnold Chartered accountants & statutory auditor New Burlington House 1075 Finchley Road London NWII OPU 5 August 2025
TSEDOKO LIMITED COMPANY LIMITED BY GUARANTEE STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPEf4DrruRE ACCOUIY YEAR ENDED 31 MARCH 2025 2025 Unrestrict¢d funds Total funds Total funds 2024 Note Income and endowments DotLations and legacies Inveslment in¢ome 31,250 549.318 31,250 549,318 580,568 43.750 450.262 494,012 Totsl income 580,568 Expenditure Expenditure on raising funds: Investtnent JJ]anagemenl costs Expenditure on charitable activities Totsl expenditure 136,888 578,919 715,807 136,888 578,9J9 715,807 71,833 424,775 496,608 Net gains on investmenls io 10,648 10,648 6,291 Net (expenditure)lin¢ome and net rnovement in fund5 124,591 124,591 3,695 Reconclllation of funds Total fijnds broughi fonvard Total funds earried forward 8,552,749 8,428,158 8,552,749 8,42&158 8,549,054 8,552,749 The statemenl of f5nancial activities iv1clud all gains and losses reco]sed in the year. All income and expenditure deriv¢ from continuing activities. Th¢ notes on pgte$ 12 to 17 forn? P&Tt of thest fiTraTr¢ial 5tatemtnts. io-
TSEDOKO LJMrrED COMPANY LIMITED BY GUARAiYfEE STATEMENT OF FINANCIAL posrrIoN 31 MARCH 2025 2025 2024 Note FIXED ASSETS Investments 13 8J02,724 8.292.076 CURRENT ASSETS Debtors Cash at bank and in hand 14 243,273 24,651 103,216 252,367 355.583 267,924 CREDrroRS: amounts falllng due within one year NET CUIUeENT ASSETS 15 142,490 94,910 125,434 260,673 TOTAL ASSETS LESS CURREIYT LIABILITIES 8,428,158 8,428.158 8,552.749 8,552,749 NET ASSETS FUNDS OF THE CHARITY Unrestricted funds 8,428,158 8,428,158 8,552,749 8,552,749 Totsl charlty funds 16 These financial statements have been prepared in accordan¢e with the provisions applicable to companies subject to the small wmpanies, regime. These financial #atements were approved by the board of trustees and authorised for issue on 5 August 2025, &nd signed on behalf of the board by: Mrs R S Glatt Trustee The notes pages 12 to 17 form part of these fillAnei*l st&temelll& li
TSEDOKO LIMITED COMPANY LIMITED BY GUARANfEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 GENERAL INFORMATION The charity is a publi¢ benefit entity and a private company limited by guarantee, regisiered in England and Wales and a registered charity in Englad and Wales. The address of the registered o*fice is New Burlington Hous4 1075 Finchley Road, London, NWI I OPU. United Kingdom. STATEMENT OF COMPLIANCE These financial stateTnents have been prepared in compliance with FRS 102, The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, tELe StateTnent of Recommended Practice applicable to charities preparing their a¢counls in accordarLce with the Financial Reporting Standard appli¢able in the UK and Republic of Ireland {FRS 102) (Charities SOIV (FRS 102)) and the Companies Act 2006. ACCOUNTING POLICIES Basis of preparation The financial statements have been prepared on the historical cost basis. as modified by the revaluation of certain finan¢ial assets and liabilili¢s and Investment properties melsured at hir value through income or expenditure. The financial statements t prepared in sterling, which is the functional currency of the entity. Tsedoko Limil¢d meets the definiiion of a public benefit entity under FRS 102 Goillg concern There are no material uncertainties about the charity's ability to contilllle. Judgements and key sources of esti]MatSon uneertainty The pr¢paration of the financial Statements requires Tnanagement to make judgements. estirnates and assumptions that affect the amounts reported. These estimates and judgements are ¢ontinually reviewed and are based on experi¢nce and other factors, including expectatiolls of future events that are believed to be reasonable under the circumstsnces. Fund 2ceouDting Unrestricted funds are availabl¢ for use at the discretion of the trustees to further any of ihe ¢haritys purposes. DesiEnated funds are unrestricted funds earn]arked by the truslees for particular future project or commitment. Restricted funds are subjected to restrictions on their expendihjre declared by the donor or through the terms of an appeal, and fall into one of two sub-clses. restricted income funds or endowmenl funds. Incotning T¢sources Reeognition of Incoming Resources These are included in the Statement of Financial Aclivities (SOFA) when: The ¢harity become5 entitled to the resources. The trustees are virtually certain they will receive the resourc¢s- 2nd The monetary value can be measured with sufficient reliability- 12-
TSEDOKO LIMITED COMPAIYY LIMtTED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES R&sources expended Liability Ree(vgDition Liabilities are recognised as six)n as there is a legal or constructive obligation committinE the charity to pay out resources. Governance Costs Includ¢ costs of the preparation and examination of Ststutory Accounts, the costs of trustee meetings and cost of any legal advice 10 trnteeS on governance or constitutional matters. Taxation The charity is not liable to direct taxation (corporation tax) on ils income as it falls within the various exemptions available to registered charities. Financial Instruments Financial Instruments are classified and accounied for. according to th¢ substance of the contractual arrdngement, as either financial assets, financial liabilities or equity ItrUmentS. An equity instrument is any contract that evidences a residual interest in the &ssets of the ¢ompaThy after dedu¢ting all of the liabilities. Investments Unlisted equity investments are initially recorded at cos¢ and subsequently measured at fair value. If fair value cannot be reliably measured, assets are measured al cost less impairnlent. Listed investments are measured at fair value with changes in fair value being recognised in income or expenditure. Investment property Investment property is initially recorded at cost. which includes pUrChe price 8nd any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recolSed in income or expenditure. If a reliable measure of fair value is no longer available without undue cost or effort for an ilem of investment property, it thall b¢ trnnsferred to tangible assets and tr¢&led as such until it is eXpted thai fair value will be reli&bly measurable on an on-going basis. Impairment of fixed assets A review for indicators of impairment is carried out al each r¢pN)rting date, with the recover&ble amount being estimated where such indicators exist. Where the carying value exceeds the recoverable amouy]t, the asset is impaired accordingly. Prior ImpairentS ar¢ also review¢d for Possible reversal at each reNTrrting date. 13-
TSEDOKO LIMITED COMPANY LIMITED BY GUARANTEE F40TES TO THE FINANCIAL STATEMEIYTS fc(wfynw&J YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES (COftllRued) Financial instrllments Financial instruments are Classified and aecounted for, according to ihe substance of the contractual agreement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract ihai evidences residual inieresl in the assets of the company after deducting all of the liabilities. LIMITED BY GUARANTEE The charity is a company limited by guarantee and has no share capitaj. The liability of each Member in th¢ event of winding up is limited to £1. DONATIONS AND LEGACIES Unrestricted Totsl Funds Unrestricted Total Funds Funds 2025 Funds 2024 DONATIONS Donations 31,250 31250 43,750 43,750 INVESTMENT INCOME Unrestricted Totsl Funds Unrestricted Total Funds Funds 2025 Funds 2024 Rental Income Insurance receivable Income from listed investments 548,313 43J27 1,005 592,645 548213 43J27 1,005 592,645 447.763 4.753 2.499 455.015 447.763 4,753 2.499 455.015 INVESTMENT MANAGEMENT COSTS Unrestricted Totsl Funds Unrestricted Tota] Funds Funds 2025 Funds 2024 Management fees lllsurance Repairs & maintenance Legal & professional Light & heat 42,357 48,498 41.471 3,012 1,550 136,888 42J57 48,498 41,471 3,012 1,550 11,600 16.311 33,333 8,806 1.783 71,833 11,600 16,311 33,333 8,806 1,783 71,833 l36,888 14-
TSEDOKO LIMITED COMPANY LIMITED BY GUARAiYfEE NOTES TO THE FINANCIAL STATEMENTS (¢oAtlNMedJ YEAR ENDED 31 MARCH 2025 EXPENDJTURE ON CHARITABLE ACTIVITIES BY FUND TYPE Unr¢stricted Total Funds Unrestricted Totsl Funds Funds 2025 Funds 2024 Donations Paid Support ¢osts 561.620 17.299 561,620 17,299 406,510 18,265 406,510 18265 578,919 578,919 424,775 424,775 All grants were paid to institution5 in support of the relief of povety, the advancement of health, the advancernent of Jewish religion and the advancement of Jewish religious education. tnclud¢d in the chaTitable activities were grnnts to Grovepalm Limited toialling £40.000. AII other grants made during the year were less than £35,000. EXPENDITURE ON CHARITABLE ACTIVITIES B Y ACTIVITY TYPE Grant funding Total funds of aciivities Support costs 202S Total fund 2024 Donations Paid Governat)ce costs 561,620 561,620 17,299 578,919 406.510 18265 17.299 17,299 561,620 424,775 10. NET GAINS ON INVESTMENTS Unrestricted Totsl Funds Unrestricted Totsl Funds Funds 2025 Funds 2024 Gains/(Ios5es) on lied investments 10,648 10,648 6,291 6291 11. STAFF COSTS No salaries or wages have been paid to trustees during ihe year. 12. TRusfEE REMuf4ERATION AND EXPENSES No salaries or wages have been paid to trustees during the year. The charity did not meet any individual expenses incurred by the tnjstees for services provided to the charity. 15-
TSEDOKO LIMITED COMPANY LIMrrED BY GUAIL4NTEE NOTES TO THE FINANCIAL STATEMEiYfs (cnnliAtsed) YEAR ENDED 31 MARCH 2025 13. INVESTMENTS Listed Investment investments properties Total Cost or valuation At l April 2024 Additions Other movements 57,326 8234.750 8292,076 10,648 10,648 8,302,724 At 31 March 2025 67,974 8,234,750 Imp#irnient At l April 2024 and 31 March 2025 Carrying amouttt At 31 March 2025 67,974 57,326 8.234,750 8,234,750 8,302,724 8,292,076 At 31 March 2024 All investhients shown above are held at valuation. Investment properties The investh)ent propertie5 are st&tsd at trustees, valuation assisted by RICS qualified professiona15 at 31 March 2025. The valuation is based on the tru5tees' understanding of property market conditions a1 the specific properties concerned, using a sales valuation approach, derived from recent COmP2rLble transactions on the market, adjusted by applying discounts to reflect status of occupation and condition. The trustees have extensive experience in the field of property investtnent and valuation accumulated over a considerable period of time. The historic cost of the company's investment property 15 £5,165.144 (2024.. £5,165,144). Financial assets held at fair value The historic cost of the company's listed inve#ments is £26,988 {2024- £26.988). 14. DEBTORS 2025 2024 Trade debtors Prepayments and ¢rUed income Other debiors 130,101 8,469 104,703 243,273 79.744 8,469 15,003 103,216 16-
TSEDOKO LihirrED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS fconlinMed) YEAR ENDED 31 MARCH 2025 IS CREDITORS: amounts falling due within one year 2025 2024 Trade creditors Accruals and deferred in¢ome Other creditors 80,375 &400 53,715 142,490 61,000 8,400 25,510 94,910 16. ANALYSIS OF CHARITABLE FUNDS Unrestricted funds At April 2024 Gains andAt 31 March losses 2025 Income Expenditure General fund5 8,552,749 580.568 (715,807) 10,648 8,428.158 At l April 2023 Gains and At 31 March loss¢s 2024 In¢ome Expenditure General funds 8,549,054 494.012 (496,608) 6,291 8,552.749 17. ANALYSIS OF f4ET ASSETS BETWEEN FUNDS Unrestri¢ted Totol Funds Funds 2025 Investments Current a55ets Creditors less than l y¢ar Net $s$ets 8,302,724 8J02,724 267,924 267,924 (142,490) {142,490) 8.428,158 8,428,158 Unrestricted Total Fund5 Funds 2024 Investments Current assets Creditors less than l year Net assets 8,292,076 355,583 (94,910) 8,552,749 8,292,076 355,583 (94.910) 8,552,749 18. RELATED PARTIES During the year the charity received a donation of £25,000 from a trustee of the charity. on which gift aid of £6,250 was claimed. 17-