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 n￿rnber 268521
Company registrotion number IK)792171
Principal 0￿1CC
3 Goodyers Gardens
London
NW4 2HD
United Kingdom
Registered 0￿mee
New Burlington HO￿8e
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 pro￿rtY
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 PERFoR1￿NcE
During the year the charity continued its philanthropi¢ activities in support of educational. religious
ond other Ch￿ilable Organisations which is in accordan￿ with the guidance of the Charity
Commission relating lo Public Benefit. The aS￿e￿ate 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 Pu￿￿SeS of company law, are resp)nsible for preparing
the trustees, report and the financial statements in accordance with applicable law and United
Kingdom A￿oUnting 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 a￿d 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 r￿onable 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-ap￿inIed 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
ACCO￿ling 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 {coKttINu￿J
YEAR ENDED 31 MARCH 2025
OTHER IF4FORMATiof4
The other infornialion comprises ihe inforM￿lon included in the ar￿Ul1 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
infom￿tIon 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 inforn￿tIon 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 re￿onable 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 Si￿11r]eant with
respect to the financial statements. We identified finaucial reporting legislation (including
related companies legislation), t￿atIOn 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& Co￿espOndence 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 AUD￿OR'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 jud￿ent 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 trn￿ee$.
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 a￿d 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 Engla￿d 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-cl￿ses. 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 trn￿teeS 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 I￿trUmentS. 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 pUrCh￿e 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 reco￿lSed 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
eXp￿ted 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 Impair￿entS 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 li￿ed 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 a￿1 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-