Charlty reglslrntion number 273993 IEnglalld and Wales) GEORGE ELIAS CHARITABLE TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025
GEORGE ELIAS CHARITABLE TRUST LEGAL AND ADMINISTRATIVE INFORMATION Trustè88 E C Elia$ S E Eli35 Charlty reglstratlon England 8nd Wales 273993 Prlnclpal address 2nd Floor 1 Ashley Road Allrin¢ham WA14 20T Independent examiner Loplan Gross Bamétt & Co 1st Floor, Cloister House Riverside New 8ailgy Street Manohe8ter M3 5FS
GEORGE ELIAS CHARITABLE TRUST CONTENTS Page TTuslees' report Independenl examiner's rèport Slalemenl of financial activllles Balance sheet Slaternenl of Cash flows Notés to the financial statements 7-13
GEORGE ELIAS CHARITABLE TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 5APRIL 2025 The Iruslees present thelr annual report a4)d flnanc(al stat8ments for the year endeil 5 April 202S. The fin8ncial slalement5 have been prepared In acwrdance with the a¢¢ounling policles sel out in note 1 to thè financial stat6ments and comply with the charity's Trusl Deed. the Chaitlios Act 2011 8nd "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo ch8rilies preparing their accounts in aordanCe with the Financial Reportlng Standard applicable ir) the UK and Républic of Ireland IFRS 1021" las atnended for 8ccount¢ng periods comrnen¢ing from 1 Januaty 20191. Objectlvos and actlvltlo$ The main objective of the charity is to make donations to charities supporting educational needs and fight against povety as well a5 0ig&nisalions promoting the Jewish faith Fn the United Kingdom or in any part of IhÈ wortd. The50 objectives arè achieved by heightening the public awaieness and by the p8ymÈnl of grants to charitable organisalions. The truste68 have paid due regard lo guidance IssuÈd by th8 Charity Commlssion in decidlng what activities the charity should undertake. All of the actlvltie¥ that are undertaken by the charlly ar¢ foi the advancement of the objecllves that are outlined fully above. With th6 èxception of Ihe lime glven by the Iru$l8es, the charity dld not qUIre the use of volunteers during tha year. Achlevements and perfomiane• The charity Continued to support educational needs and fight agalnst poverty as well as lo promote the Jewish faith in thÈ United Kingdom and tho world. Flrtancial revlew Funding forlhe Itusl was received principalty from individu81s and enlilies relatèd lo Irusteeg. The charity's Incomlng SOurCeS, tolalllng £728,675, comprlses of £727.938 contributions from companlés and ndividuals in the Llnited Kingdom, the rem8lndeT deitved from invoslmenl and other Income. The charity's expended resourcÉ8, lolalling £1.024.719 included £1,020,034 of donations lo charilies in the United Klngdtsm and the wotld. All charllable donations were made to illslilution8 111 the year. The following material donation8 wer8 m8d8 by the charily with the rem8ind8r of the charitabl8 donations available on request from the chaTity's head office., Céntrul de Edu¢8lie Ebralca Tradilionala din RM AO £200k. 8rltlsh Emunah Fund £80k, Kings David Schools Imancheslerl £66.5k, Amud Hatzdokoh Trust É56k, Federation of Jèwish Services £55k. Tho Shaarei Torah Trust £45k and Ahavas Shalom Trust £39.6k. Total funds carri¢d forward are £738,909 in an unrestricted fund lo preserve the ¢Dnlinuity of operatlons in the event of adverse elrcvmstances. The trustees continually assess the major strategic and operational risk$ which the charity face8 and have confirmed that systems have been established lo enable iegular Teports to be mad8 SO th31 ne$sary slops can be taken lo lessèn these risks. The main risk of the Irusl is constdered lo be a potgnll81 lack of fundlng IwhiGh is nlikejyl as genwally Ihg18vel of donations made are agreed lo the amount of nel income received. It is the policy of the charity that donation commllm8nls should On be made wh8n funds are avai15ble or likely lo become available in the near futurè. The ¢harily maintsins a reasonable18vel of reserves lor if al any lime in the future a donation ttpportunty may arls¢. The trustees have assessed the major risks to which the charity Is gxposed, and are satiSfd that systems are In place lo mitigate exposure lo the major risks.
GEORGE ELIAS CHARITABLE TRUST TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025 Structiirei govemanGe ¥rd mthnagcmcnt The charity was established on 30 May 1977 and regislerod as a charity on 1 August 1977. Thg trustk•$ who served during the yéar and lip to the d8tp nf xionAttirA nf thg financial statements were.. E C Ellas S E Ellas The trust deed provides for an unliwiled number of Iruslees. The Iiustees may elect new members to the board nd renew tnembershlp on an annual basls. None of the Iruslees has any beneficial inler85t in the Trust. Disclosure of Informatlon to audltor Eash of the truBtee6 hats confimod that thgre ik no Information of which théy are awarp. whir.h 1% rAIAvAnt t(J the audit, but of which the auditor Is unaware. They have further confirmed that they have taken appropriate stsps lo iL¢eiiLily tuLlI i¥l¥vdiil iiiforiiialioii aiid to ¢skblish that the auditor i¥ aware of such informotion. The Trustees. report was approved by the Board of Trustees. S E Elias Trustee Dated..
GEORGE ELIAS CHARITABLE TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF GEORGE ELIAS CHARITABLE TRUST I report to th¢ Iius1888 on my exarnlnation of the financlal stslements of George Ellas Charitable Trust Ilhe charity) for the year ended 5 April 2025. R88ponslbllltles and ba$is of report As the tw$le¢s of Ihe Charity you are iosponsible for the pwp8ration of the financial slalgments in accordance with the quirements of th8 Charities Act 2011. I report in respect of my examinallon of th& charity's financlal stalemenl3 carried out undèr Section 145 of Ihe Charities Act 2011. In carrying out my examinalion I have followed the Dlreclion8 given by the Charity Commission undèr geclion 145151{bl of the Charities Act 2011. Indepondgnl ¢xamine¢s statèmènt sin the charity's gross Incom8 exceeded £250,000, the independent examiner must be a memb&r of a body listed In Section 145 of the Charities Attt 2011. 1 confimi that l am qualified to undert8kè Ih8 examination becaus$ l am 8 member of ICAEW. whlch Ss one of the listed bodles. Your altgnllon Is drawn to the fact thal the charity has pr6P8rÈd the financial statements in accordan with tho relevant version of the Statement of Rècommended Practice appll¢able to charities preparing their financial slalements In accordancg with the Financial Reporting Standard applicable in the UK and Rèpublic of Irepand IFRS 1021 in preference to thè Accounting and Reporiing by Charities.. Slalement of Rocommended Practica Issued on 1 April 2005 which is referred to In the exlant regulations bul has now been wllhdrawn. l understand that this has been doné in Order lor the financial stalements to provide a true and fair view in accordan with UK Generally Accepted A¢¢ounling Practice. I have completed my ex8minalion. I conflmi Ihal no matters have como lo my atlentson In connection with the examination glving mo cause lo believe that In any maleTkil respect.. accountino iecoids were not kopt In rASipgr.t of the eh¥rlty as requirBd by sèction 130 01 th• Charili•s Act 2011. the fin8nclal 81atem&nts do not accord with those records., or the ffinancial statements do not compw with the applicable requlremenls conceming the fom and conlenl ol fin8ncial statements sat tsul in the Charities (Accounts and Reports) R8gulalions 2008 other than any requirement that the financial sl8lemenls give a Irue and fair view. which is not a matter ¢onsidered as part tsf an Indepèndent examinatlon. I have no con[$ and have come across no other matters In conn8¢tion with the examlnètion to which allenllon should be drawn In thls rèport in order to enable a proper understandlng of the financial slalements lo bè reached. Nathaniel Davldson BA IHonsl ACA Lopian Gross Barnètt & Co 1st Floor. Cloistèr House Rer81de New Balley Street Manchester M3 5FS Dale.. 5 February. 2026
GEORGE ELIAS CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 5 APRIL 2025 Unreslrlcted fLbnds 2026 Unwstrlcted runds 2024 Notes Income and endowments from: Donations and legacies Investmènts Other income 727,938 319 418 988,326 Total Income 728,675 988,789 ExpBndlture on.. Charitable activities Amounts wriltgn off Investments 1,024,717 990,125 Total exp9nditur• 1.024.719 990,125 Net expendlture and movèmènt In funds 1296,0441 11,3361 Rg¢onclllatlon of funds: Fund balan¢8s at 6 April 2024 1,034,953 1,Q36,289 Fund baEances at 6 April 2025 738.90e 1,084,053 The stslemenl of finan31 sctlvitles includes all galns and losses recognised in thè year. All income and expendiiure derive Irom continuing activities.
GEORGE ELIAS CHARITABLE TRUST BALANCE SHEET AS AT 5APRIL 2025 2025 2024 Notes Fixed as$o18 TAnoihlp. a.8set8 Investments 13 14 10,846 10 18,840 12 19.856 19,858 Current assets Debtors Cash 81 bank and in hand 15 654,418 67,959 631,063 447,358 722.377 1,078.419 Credltors.. amounts falllng due wlthln one year 16 13,3241 163,3241 Net curr&nt assets 719.053 1.01s,095 Total assets less current liabSlltlas 7.28 oog 1,034,953 The funds of the charlty Unrestricted funds 17 738.909 1.034,953 738,909 1,034,953 The financkgl slalements W8r8 approved by the Iruslees ( E Elias Trustee
GEORGE ELIAS CHARITABLE TRUST STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 5 APRIL 2025 2025 2024 Notes Cash flows from operatlng actlvltles Cash (absorbed byllgeneraled from opérations 19 (379,716) 18,944 Investlng activitiès Invesltnent Inc4)me 319 463 N8t cash generated from Investlny acttvltle8 319 4e3 Ngt cash generatèd from financlng actlvlti¢$ Nèt Idecreaselllncrease In cash and cash •qulvalents 1379,3971 19,407 Cash and cash equivalents 8t beginning of year 447,356 427,94Q Cash and cash equlvol*nts at end of yèar 67,959 447,356
GEORGE ELIAS CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025 Aecountlng poll¢ie$ Charity informatlon George Ellas Charilable Trust 18 a registered charity in England and Wdles. The ch8riV8 head office Is 1 Ashley Road, Allrineham. WA14 2DT. 1.1 Basis of preparation The linanEial slalernents havé been prepad in accordance wlh the thartty's Trust deed, the Charities Act 2011 and Accounting and Reporting by Chaiilles.. Statemènt of Recommended Practice applicable to chartlies preparlng their accoullls In accordan with the Financial RepDrtlng Standard applicable in the UK and Republic of Ireland IFRS 1021. las amended for accounting periods commèncing 1M l January 20191. The charity is a Public Bengfil Enlity as delined by FRS 102. The financial statements havé d8parted from the Charftle5 (Accounts and Rèports) Regulations 2008 only to the extent required lo provldé a true and fair view. Thls departure has involved following the Statement of Rewmmended Praclice for ¢harilies applying FRS 102 rather than the version of tho Slalement of Recommended Pr8CtiTr whlch is referred lo In the Regulalions bul which has since been wthdrawn. The financial slaternenls are prepared in sterling, whlch is the lunclional currency of Ihe charity- Monetary amounts in these financlBI slalements ar6 rounded to the nearest £. The financlal slalemenls hav6 been prepareil under the hlstorical cost conv&nlon, modified to indude certai financial instrum6nts al fair value. The principal accounting poll¢les 8dopted are sel out below. 1.2 Golng concem At the time of approwlng the flnancial slalemonts, the trustees have a reasDn8ble expectalion Ihal the charity has tdequat¢ resources to GoiiIIiiu¥ IiTr LFpeiatloTral 8x1sfen for me fOTeseeatsie tuture. Thus the trusté88 continua to adopt the going concern basis of accounting in preparing the financial slalemèllls. 1.3 Charllable funds Unrestricted funds are avallablts for use al the discretion of the trustees ID furtherance of thew charitable objectives. 1.4 Income Income is recognised whèn the charity is legalty entlll8d lo Il after any performan conditions have been MÉI, the amounts can be meastsred reliab. 8TTrd il Is probablé that income wll be received. 1.5 Exp?ndilure Unre8lrict6d fvnds are avallable for use al Ihg discretion of the trustees in furtherance of their charitable objeGlives unless thé funds have been designated for other purpos08. Cost of geneTaling funds comprise the costs 8S8ociated wllh attracting voluntsry income. Ch8ri18ble expendilure comprises those cosls Incurred by the charty in the delivery of ils aclivitiég and servlcès for its beneficigries. 11 includes both costs that csn be rslrectly allfibuled to particular headings Ihay have been allOted to actNilies on a basls cons¢stent wlth the use of resources. 1.6 Tanglble fixed assets Tangible fixed ass6ls are initially rnoasured at cost and 8ubsequen15y measured al cosl or valuation, nel of dépreciation and any impairrnent IDsses.
GEORGE ELIAS CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025 Accounllng pollclas Icontlnuedl Depreciation is recognised so as lo wrlle off the cost or valuation of assets less their residual values over their useful 5ives on the followlng bases.. Religiou5 Scroll No depreciallon deemed necessary The gain or loss arising on the dlsposal ol an asset Is determined as the differenc@ between Ihe sale proceeds and Ihts ¢arrying value of thè asset, and Is rewgnised In the 5131emont of financial aclivitles. 1.7 Flxed asset Investments Fixed assel investments are initially measured al Iransaelion price exduding transaction costs. and are subsequentW measkEred at fair value at each reportin9 dale. Changes in falr value ar8 recognised in nét incomellexpendilurtl for the year. Transaction costs aro oxpensed as incurrèd. 1.8 Imp8lrmont of fixed assets At each reporting end dalg, the charity reviews the carrying awounts of ils tangible assets lo detèrmine whether Iheie is any indicatlon that those assets have suffered an impairment loss. If any su¢h Indication exi818, the iecoverable amount of the asset 15 estlmated in ordgr lo determine thè &xtent of the impalrmenl 105s Ilf any). 1.9 Cash and cash equSval8nts Cash and cash 6quivalenls includè cash in hand. deposits held at e811 wilh banks, other short-term liquid investments with orlginal malurlties of three months or less, and bank overdrafts. Bank ov&rdrafts are shown within borrowngs In current Ilabilitles. 1.10 Flnanclal Instrum•nts The charlly has electéd to apply tho provlslons of Seclion 11 'Basic Financial Instruments, and Section 12 'oth8r FlnBncial In8lwmen15 Issues, of FRS 102 to all of its finandal Instruments. Flnancial inslrurnents are recogn15ed in the charily's balance sheet when the charity beNe$ parly lo th8 contractual Provisions of the inslwment. Financial 8$5ets and liabilit16s a offset, with thè net amounts presented in thè fin8naal statements, when there is a legally enforceable rlght to set off the recognised amounts and the Is an intenllon lo $9tt18 on a net basis orlo rtsalise Ihe asset and settle the liabllily slmultaneously. Basic financlal assets Basic financial assets, whl¢h include debtors and cash and bank balancés, are initially me8sured at Iiansaclion price including Iiansaction costs and are subsequently carried al amortlsed cost using the èffedive intèrest method unless the arrangement constitutes a flnancing transadion. where the transaction 18 eaSud at the present value of the future receipts discounted al a mark8t rale of ir¢ier8sl. Flnancydl assèts dasslfied as re¢eivable wilhln one yèar are not amortised. Basic Ilnaneial Ilabililies Basic financial liabililles, including creditors and bank loans are initially Tecognlsed al Ir3ns8cllon price unless Ihe arrangemont constitule5 a financing transaction, where the debt Instrument 18 measured al the présent value ol the future payrnents discounted at a rnarket rate of intèrest. Financial liabililles classified 8$ payable within one year are not amortised. Debt Instrumen18 are 5ubsequenlty carried al amorti3ed cost, uslng the effeCte interest rale mèlhod. Trade creditors 8re obligations lo pay for good$ or seNlces Ihal have been acquirod in the ordinary course of operations from supplieis. Amounts payablg are dassified as current liabilities if payment is due wthin one year or less. If nol, th6y are psen1¢d as non-curienl liabilities. Trade crèdllors are recognised initialty at transaction price and subsequently measured at amort15ed cost using thè 6ffective inlorest method.
GEORGE ELIAS CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED} FOR THE YEAR ENDED 5 APRIL 2025 A¢¢¢untlng pollcies (Continuodl Derecognition of financlal liahililies FirTranGial liabilities ar8 derecognised when the charity's conlraclual oblluglions expire or are discharged or cancelled. Crltical aceountlng estlmates and judgèmènts In the applicallon of the charity's accounting pollcies. the trustees are required to make judgements, eslim3les and assumptions about the carrying arnounl of a55els and liabilities Ihal are not readi apparent from other SOL4rces. The estimates and assoctaled a88umptions ale based on historical experience and other factors that arè considered to be relevant. AcluRI results may differ from Ihese eslimatgs. The esllmales and underlylng assumptions are reviewed on an ongoing b8Si8. Revisions to aeeounling eslimales are roGognised in the period in whlch the estimate Is iovised where the revision affeds only that period, or in the period of the revision and future pgriods where the ievision affects bolh current and future periods. Donatron$ and legacle$ Unrestrlcted Unrestrlcted funds funds 2025 2024 Donaiions and gths 727,938 988,326 All donatsons in the year were received from parties related to a trustee and unconditional. Investments Unré8lrlcted Unra$trl¢ted funds funds 2025 2024 Chief rents 319 463 Other Ineome Unr•strict8d Unrestrlctg11 funds funrts 2025 2024 Inleregl on GiftAid repayment 418
GEORGE ELIAS CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025 Expendlture on charltable actlvltle8 Charitable Charltable Expendlture Expanditure 2025 2024 Dlrect costs Chief rents payable Insurance 66 1,080 119 1,107 1,146 1.226 Grant lunding of activilies {8e¢ note 71 1.020,034 981,686 Sharè of support and governance costs18ee b)Ota Bl Governance 3,537 7,213 1,024.717 990,125 Analy818 by fund Unreslri¢ted funds 1,024,717 9aO.125 Grants payable Charitabl¢ Charllablg Exp8nLllture exptndilure 2025 2024 Grants to inslitullons.. Total granta 1.020,034 g81,686 Support costs allocated to actlvltles 2025 2024 Govemance costs 3,537 7,213 Analysod belwo¥n'. Charitable Expendilure 3,537 7.213 2026 2024 Governan¢• Costs comprlBe: Bank charges Independent ex8mlnèrs fees 237 3,300 113 7,100 3,537 7.213 10
GEORGE ELIAS CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025 Net movament in funds 2025 2024 The net movemeEtI in funds Is staled 8fter chargingllcredilingl.. Fé8s payable for the Independent examination of the charlty's financial statéments 3.300 7,100 10 Trustee8 None of the Iruslees lor any persons conneoled with them) received any remuneration or benefits from the charity during the year. No expenses weie paidlreimbtsrsèd lo the Trustees by the Charity In the year. 11 Employees The average month5y nurnber of employ8es during Ihe yearwas.. 202S Number 2024 Number Total No employees received any b8nefil8 of more Iban £60,000 in the ye8r12024.' £nill. Th818 were no employees whose annual remuneration was more than £60,000. 12 Taxatlon The trust is a charity whlch under the definltion of FA 2010. is exempl fiom laxalton on 116 Income and galng. No lax charges have arisen In the charity. 13 Tanglble flxed a$g&t¥ Rellglous $Groll Cost Al 6 April 2024 19.846 At 5 AprS12025 19.846 Carrylng amount Al 5 April 2025 19,846 At 5 Aprll 2024 19.846
GEORGE ELIAS CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025 14 Flxod asset Investments LSsted Unll$tgd Invèstments investments Total Cost or valuallon Al 6 April 2024 Investments written off 10 12 (21 {21 At S April 2025 10 10 Carrylng amount Al 05 Aprfl 2025 10 Al J5 April 2024 10 15 Debtors 2025 2024 Amounts falllng due wlthln one year- Other debtors 654.418 831,063 Induded wthin other dgblors 15 a loan of £4,00012024: £4,000) to Machno13rael Loan Fund. Also Indud6d withln other debtor5 is a loan of £600.00012024.. £600.0001 to WlbTahxm Road Imancheslerl TtU51 Llmiled of which S E Elias is a Iruslee. 16 Credltors: amounts falling duè wlthln one year 2025 2024 Other creditor8 AcuLfj8ls and deferred income 60.000 3,324 3,324 3.324 83,324 Included Wlhin other creditors 15 8 loan of £nil 12024.. £60,000) from David Elkqs, wtKJ Is related lo the Irustees. The loan from Dawd glias was unconditional and was interest free and due wlthin one year. 12
GEORGE ELIAS CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025 17 Unrestrl¢tgd funds These are unrèstricted funds which are material to the charity's activities mad6 as follows.. At 6 April 2024 Incomlng resources Rosources expended At S April 2025 General funds 1,034,953 728,675 11,024,719) 738,9 Prevlous year: At 6 Aprll 2023 IncomFng resourcès Re80urces expended At S Aprfl 2024 General funds 1,036.289 988,789 1990,1251 1,034.953 q8 Relatsd party tran$actlons Theie were no further disclogable related party Iransactsorss durlng the y8ar12024 none), other than those already disclo58d in the accounts. 19 Cash lab$orb*d byllgeneraled from operatlons 2025 2024 D&fiGit forthe year (29fj,044} 11,J3bl Adjustments for: Investment Income recognised in st8tèmenl of financial activities Amuunls wiillen off investmÈnls 13191 14631 Movemènts in worklng capital= (IncaSe11de0rease in debtors (Decrease) In eredilors 123,355) 160,0001 22,937 12,1941 Cash labsorb¢d byllgenerated from operatlons 1379,7161 18,944 20 Analysls of changes In net funds The charity h8d no malerl81 debt during the year. 13-