THE RABBI ARYEH AND MIRIAM CARMELL MFMORIAL FIT.ND FINANCI.4L STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Registered Charity Number 269595 ROSENTHAL & CO Chartered Accountants 74 Whitehall Road Gateshead Tvne & Wear NF8 4Tr"T THE II4BBI ARYEH AND MIRIAM CARMELL MEMORIAL FUND CONTENTS OF THE FINANCIAL STATEMENTS FOR THE I"EAR EN'DED 31 DECEMBER 202) CONTENTS PAGE Members of tlie Board and Professioiial Advisors Report of the Trustees Independent Examiner's Report Statement of financial activilies Bal￿]ce sheet 2to4 Notes to the financial statements 8tolO TFIE RABBI ARYEII AN'D IIqIRIAM CARMELL MEMORIAL FUND MEMBERS OF THE BOARD AND PROFESSIONAL ADVI,SERS Registered Charity number ?6959j Principal office ?2 Canibridge Terrace Gateshead NE8 IRP Trustees B.DUNNER A.METZKF,R N.WOLINSKY Independent Fxaminer Rosenthal & Co. 74 Whitehall Rodd Gateshead Tyne & Wear NE8 4ET Bankers BARCLAYS BANK Walthainstow 3 Leicester LE87 2BB THE RABBI ARYEH AND,MIRIAM CARMELL MENIORIAL FUIND TRUSTEES, AfNNUAL REPORT 31 DECE.MBER 20?5 The trustees present their report with the finaiicial statements of the charity for tlie year ended I I Deceiiiber £095. REFERENCE MI).4DTrIINISTRATIVE DETAILS Reference and administrative details are shown in the schedule of members of the board and professioiial advisers on page l of tlie financial .statements. THE TRUSTEES The trLlStees who served the trnst dunno the period were as follows: B.Dunner A.Metzker N. Wolinsky The Trust's day to day activities are administered by the trustees, as the Trust employs no staff. The trustees, Ii'ho receive no remuneration f()r their serviLes: are solel>' responsible for the consideratioii aiid authorisation of tlie charitable grants and doiiations made b), the Tnist. Appoiiitmtrnt ol: truslees is governed by the Tru.st Deed of tlie charity. Tlie trusteLs Iiave Ilie power to appoint further truste¢s by a simple majority voting svstcm. A siiitable candidate would be soineonL who is sensitive to the needs and demands of the or(yanisation. Tlie trustLes are authorised to fill tlie vacancies arising tlirough resicsnatloll cir deatli of an L.xi.sliiig tru.stee. STRUCTURE, GOVERNANCE AND M.4NAGEIWIENT Governing Document The Rabbi Arveh and Miriani Carmell Memorial Fund is constituted under a deed dated l O April 197) aiid regTlStered as a charity 3 July 1975. The Cliarity is coiitrolled by its g)overning docuniLnt, a deed oftrust, aiid constitutes an unincorporated charity. Risk Man4q 4Temept TIIL trustees have a duty to idLntify (Ind review tlie risks to which the charity is exposed, ai)d to eiisiire appropriate Lolltrols are in place to prov'ide reasonable assurance against fraud and en"or. THE RABBI ARYEH AND .MIRIAM CAILMELL MEMORIAL FU,ND TRUSTEES, ANNUAL REPORT (Co￿LAlled) 31 DECEMBER 2025 OBJECTIVES ￿ND ACTINryTIES Objectives and aims The objective of the charity is for the furtherance or benefit of such one or more charities. cliariiable institutions or charitable purpose in an), part of the world in such shares and in SULh manner as the triistees. in tlieir absolute discretion, may frc)m Lime to tiiiie determine. he trustees contirm that they hai'e referred to the ouldarl￿e conlained in the Charity Commission's general giiidance on public benefit when reviewino the Trust's aims and objectives and in planning future activities and setting the grant makin(y policy for the vear. Investment Policy The charity does not have any investments nor does it plan to undertake any iiivestinent activities iii tlie f.oreseeable future. Grant making policy Graiits arL made at tlie discretion of the trustees aiid in accordance with the objeLtives of the charity. l-lie trustees have unrestricted pow.er to apply trust iunds Lowards tliese charitable objectives. IIEVEMENTS AND PERFORMANCE Charitable activities Durijig the j'ear the cliarity had an excess of income over expenditure. The details of tlie income an eipenditure are shown in the Financial Siatements. l-he tinanLial results of tlie charity's activities t-or the pLriod are tullv reflected in Ihe attached Financial St.4teinents together wilh the notes thereoii. FI.NANCIAL REVTEW Reserves Policy T'lie tnistees coiisider the financial resLilts for the period to be satisfactory. FUTURE DEVELOP.MENTS he trustees plan to continue to make distributions in aLcordance with tlieir grant makin(y eii.4•ure Iliai the ability to geiiknrate iufficient inLoiiie is maiiilained to acliieve Ihat eiid. policv and ti) ST.4TEMENT OF TRUSTEES RE,SPONSIBILITIIS l-he trustees are respon£iible for prepa", iiig the Trustees AIiiiLial Report and the financial stateinents in accordance with applicable law and United KiJi(ydom Accouiiting Standards (Uiiited Kiiiod()ni Generall! Accepted .Accountiniy Practice). Tlie law applicable to charities in Eno]cind and Wales, tlie Charities Act 201 I, Cliarity (-4ccoiints and Reports) RegLilations 2008 and the provisioiis of the trust deed requires the trustees to prepare fijiancial .stateinents for each financial J'ear which give a triie and fair view of the state of affair.s of the charity and of the incoming resources and application of resources, iiicluding the incoine and expeiidilure, of the charity, for that period. In preparing tliose financial statements, the triistees are required to: select suitable aLcountin(y policies and thL4n apply them consisteiitly; obqerve the melliods and principles in the Charities SORP; make jLidgemeiits and estimates that are reasonable and prudeiit: prepare tlie IiIiancial statements on thL gyoing concern basis unless it is inappropriale to presuin that tlie ch￿"itY will Lontinije in operation. TIIL trustees are responsible for keeping proper accounting records whiLh disclose with reasonable aLLur(ILy at dnv tinie tlie financial Position of the charity and eiiable theni to eiibure that the fiiiancial statemeiits comply v/ith the Charities Act 101 l and the Charity (Accc)unts aiid Reports) Regulations ?008 and tlie provisions of the trust deed. They ,Ire also responsible for safeguarding tlie assets ot" the cli