Docusign Envelope ID: 286E7FA8-2BAB-4087-9384-3853826AD7A3
**CHARITY REGISTRATION NUMBER: 274529**
## **C & F Charitable Trust Unaudited Financial Statements**
**5 April 2025**
## **COHEN ARNOLD**
Chartered accountants New Burlington House 1075 Finchley Road London NW11 0PU
Docusign Envelope ID: 286E7FA8-2BAB-4087-9384-3853826AD7A3
## **C & F Charitable Trust**
## **Financial Statements**
## **Year ended 5 April 2025**
||**Pages**|
|---|---|
|Trustees' annual report|**1 to 3**|
|Independent examiner's report to the trustees|**4**|
|Statement of financial activities|**5**|
|Statement of financial position|**6**|
|Notes to the financial statements|**7 to 11**|
Docusign Envelope ID: 286E7FA8-2BAB-4087-9384-3853826AD7A3
## **C & F Charitable Trust Trustees' Annual Report**
## **Year ended 5 April 2025**
The trustees present their report and the unaudited financial statements of the charity for the year ended 5 April 2025.
## **Reference and administrative details**
**Registered charity name** C & F Charitable Trust **Charity registration number** 274529 **Principal office** 154 Whitehall Road Gateshead Tyne & Wear NE8 1TP
## **The trustees**
Mrs F H Kaufman Mr S Kaufman **Independent examiner** Benny Brenig FCA Cohen Arnold New Burlington House 1075 Finchley Road London NW11 0PU
## **Structure, governance and management**
C & F Charitable Trust is constituted and governed by its Trust Deed dated 31st August 1977. The Charity is an unincorporated registered charity (Charity Registration number: 274529).
Day to day affairs of the charity are administered by the board of Trustees, the chair of which is Mr S Kaufman.
The trustees administer the day-to-day affairs of the charity. They are all experienced trustees and act in an honorary capacity. All trustees give their time voluntarily and no benefit or expenses were paid to them in the year. It is not currently the intention of the Trustees of the Charity to appoint new Trustees. Should the situation change in the future, the Trustees will apply suitable recruitment and training procedures. New Trustees are inducted into the workings of the Charity by the existing Trustees and are given access to the Charity Commission publications.
**- 1 -**
Docusign Envelope ID: 286E7FA8-2BAB-4087-9384-3853826AD7A3
## **C & F Charitable Trust**
**Trustees' Annual Report** _**(continued)**_
## **Year ended 5 April 2025**
## **Objectives and activities**
The Trust is established to further those purposes recognised as charitable by English Law and in furtherance of the aforementioned objects the Charity applies the income it receives mainly from its investment properties in the provision and distribution of grants and donations to Orthodox Jewish Charities.
The charity accepts applications for grants from representatives of Orthodox Jewish charities, which are reviewed by the trustees on a regular basis.
The charity aims to make distributions to those organisations that fall within the objectives of the charity.
The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the Trust's aims and objectives and in planning future activities and setting the grant making policy for the year.
## **Achievements and performance**
During the year the Charity made donations totalling £122,400 (2024 - £96,600) to Charities whose aims are to relieve poverty amongst the Jewish Community and to further Jewish religion and education.
## **Financial review**
The financial results of the Charity for the period are fully reflected in the attached Financial Statements together with the Notes thereon.
## **Grant making policy**
The Trustees are approached for donations by a variety of charitable institutions. The Trustees consider all requests which they receive and make donations based on the level of funds available and in accordance with the objectives of the charity.
## **Reserves policy**
It is the policy of the charity to maintain unrestricted funds, which are 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. As at the year end the Charity had £1,355,178 Unrestricted Funds, of which £10,678 was freely available. The balance was invested in fixed asset investments.
**- 2 -**
Docusign Envelope ID: 286E7FA8-2BAB-4087-9384-3853826AD7A3
## **C & F Charitable Trust**
**Trustees' Annual Report** _**(continued)**_
## **Year ended 5 April 2025**
## **Financial review** _**(continued)**_
## **Risk management**
The Trustees have identified and reviewed the major risks to which the Trust is exposed, in particular those relating to the operations and finance of the Trust, and are satisfied that systems are in place to mitigate those risks.
## **Financial risk management and policy**
The charity holds or issues financial instruments in order to achieve three main objectives being:
a) to finance its operations
b) to manage its exposure to interest and currency risks arising from operations and from its sources of finance; and
c) for generating funds.
In addition various financial instruments (e.g. trade debtors, trade creditors, accruals and prepayments) arise directly from the charities operations.
## **Credit risk**
The charity monitors credit risk closely and considers that its current policies of credit risk checks meets its objectives of managing exposure to credit risk. The charity has no significant concentrations of credit risk. Amounts shown in the balance sheet best represent the maximum credit risk exposure in the event other parties fail to perform their obligations under the financial instruments. It is recognised that systems can only provide reasonable but not absolute assurance that major risks have been adequately managed
## **Investment powers and restrictions**
In accordance with the trust deed, the charity has the power to make any investment which the trustees see fit. The trustees regularly review the charity's position and needs in respect of the investment policy.
## **Plans for future periods**
The charity plans continuing the activities outlined above in the forthcoming years subject to satisfactory incoming resources.
## 5/2/2026
The trustees' annual report was approved on .............................. and signed on behalf of the board of trustees by:
Mr S Kaufman Trustee
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Docusign Envelope ID: 286E7FA8-2BAB-4087-9384-3853826AD7A3
## **C & F Charitable Trust**
## **Independent Examiner's Report to the Trustees of C & F Charitable Trust**
## **Year ended 5 April 2025**
I report to the trustees on my examination of the financial statements of C & F Charitable Trust ('the charity') for the year ended 5 April 2025.
## **Responsibilities and basis of report**
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or
2. the financial statements do not accord with those records; or
3. the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Benny Brenig FCA Cohen Arnold Independent Examiner
New Burlington House 1075 Finchley Road London NW11 0PU
5/2/2026
**- 4 -**
Docusign Envelope ID: 286E7FA8-2BAB-4087-9384-3853826AD7A3
## **C & F Charitable Trust**
## **Statement of Financial Activities**
## **Year ended 5 April 2025**
|**Year ended**|**5 April**|**2025**|**2025**||
|---|---|---|---|---|
|||**2025**||2024|
|||Unrestricted|||
|||funds|**Total funds**|Total funds|
||**Note**|**£**|**£**|£|
|**Income and endowments**|||||
|Donations and legacies|**4**|13,000|**13,000**|–|
|Investment income|**5**|113,966|**113,966**|115,996|
|||``|``|``|
|**Total income**||126,966|**126,966**|115,996|
|||``|``|``|
|**Expenditure**|||||
|Expenditure on raising funds:|||||
|Investment management costs|**6**|(37,546)|**(37,546)**|(25,055)|
|Expenditure on charitable activities|**7,8**|(126,802)|**(126,802)**|(100,778)|
|||``|``|``|
|**Total expenditure**||(164,348)|**(164,348)**|(125,833)|
|||``|``|``|
|||``|``|``|
|**Net expenditure and net movement in funds**||(37,382)|**(37,382)**|(9,837)|
|||``|``|``|
|**Reconciliation of funds**|||||
|Total funds brought forward||1,392,560|**1,392,560**|1,402,396|
|||``|``|``|
|**Total funds carried forward**||1,355,178|**1,355,178**|1,392,559|
|||``|``|``|
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
**The notes on pages 7 to 11 form part of these financial statements.**
**- 5 -**
Docusign Envelope ID: 286E7FA8-2BAB-4087-9384-3853826AD7A3
## **C & F Charitable Trust**
## **Statement of Financial Position**
## **5 April 2025**
|**5 April**|**2025**||||
|---|---|---|---|---|
|||**2025**||2024|
||**Note**|**£**|**£**|£|
|**Fixed assets**|||||
|Investments|**13**||**1,344,500**|1,344,500|
|**Current assets**|||||
|Debtors|**14**|**23,402**||25,813|
|Cash at bank and in hand||**3,109**||25,955|
|||``||``|
|||**26,511**||51,768|
|**Creditors: amounts falling due within one year**|**15**|**(15,833)**||(3,709)|
|||``||``|
|**Net current assets**|||**10,678**|48,059|
||||``|``|
|**Total assets less current liabilities**|||**1,355,178**|1,392,559|
||||``|``|
|**Net assets**|||**1,355,178**|1,392,559|
||||``|``|
|**Funds of the charity**|||||
|Unrestricted funds|||**1,355,178**|1,392,559|
||||``|``|
|**Total charity funds**|**16**||**1,355,178**
``|1,392,559
``|
These financial statements were approved by the board of trustees and authorised for issue on 5/2/2026........................, and are signed on behalf of the board by:
Mr S Kaufman Trustee
**The notes on pages 7 to 11 form part of these financial statements.**
**- 6 -**
Docusign Envelope ID: 286E7FA8-2BAB-4087-9384-3853826AD7A3
## **C & F Charitable Trust**
## **Notes to the Financial Statements**
## **Year ended 5 April 2025**
## **1. General information**
The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is 154 Whitehall Road, Gateshead, Tyne & Wear, NE8 1TP.
## **2. Statement of compliance**
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Charities Act 2011.
## **3. Accounting policies**
## **Basis of preparation**
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income and expenditure.
The financial statements are prepared in sterling (rounded to the nearest pound), which is the functional currency of the entity.
## **Going concern**
There are no material uncertainties about the charity's ability to continue.
## **Judgements and key sources of estimation uncertainty**
Judgements and estimates made by the trustees, in the application of these accounting policies have significant effect on the financial statements as follows:
## i. Property valuations
The valuation of the charity's property portfolio is inherently subjective, depending on many factors, including the individual nature of each property, its location and expected future net rental values, market yields and comparable market transactions. Therefore the valuations are subject to a degree of uncertainty and are made on the basis of assumptions which may not prove to be accurate, particularly in periods of difficult market or economic conditions.
ii. Trade debtors
Management uses details of the age of trade debtors and the status of any disputes together with external evidence of the credit status of the counterparty in making judgements concerning any need to impair the carrying values.
## **Fund accounting**
General unrestricted funds comprise the accumulated surplus or deficit on income and expenditure account. They are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity.
Restricted funds are funds subject to specific restricted conditions imposed by donors. There are no restricted funds as at the Balance Sheet date.
Designated funds are funds which have been set at the discretion of the Trustees for specific purposes. There are no designated funds as at the Balance Sheet date.
**- 7 -**
Docusign Envelope ID: 286E7FA8-2BAB-4087-9384-3853826AD7A3
## **C & F Charitable Trust**
## **Notes to the Financial Statements** _**(continued)**_
## **Year ended 5 April 2025**
**3. Accounting policies** _**(continued)**_
## **Incoming resources**
Investment income is included in the statement of financial activities when entitlement has passed to the charity, it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. Income from donations or grants is recognised when received.
## **Resources expended**
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
- expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, and the sale of donated goods.
- expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
- other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
## **Investment property**
The trust's investment properties are included in the financial statements at the trustees' best estimate of open market value at the balance sheet date. The unrealised gains and losses are shown in the Statements of Financial Activities. No depreciation is charged on the investment properties.
## **Financial instruments**
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or paable including any related transaction costs, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
**- 8 -**
Docusign Envelope ID: 286E7FA8-2BAB-4087-9384-3853826AD7A3
## **C & F Charitable Trust**
## **Notes to the Financial Statements** _**(continued)**_
## **Year ended 5 April 2025**
## **4. Donations and legacies**
|**Donations and legacies**|||||
|---|---|---|---|---|
||Unrestricted|**Total Funds**|Unrestricted|Total Funds|
||Funds|**2025**|Funds|2024|
||£|**£**|£|£|
|**Donations**|||||
|Donations|13,000
``|**13,000**
``|–
``|–
``|
Donations relate to an amount received from a charity with a Trustee in common with this Charity.
## **5. Investment income**
|**5.**|**Investment income**|||||
|---|---|---|---|---|---|
|||Unrestricted|**Total Funds**|Unrestricted|Total Funds|
|||Funds|**2025**|Funds|2024|
|||£|**£**|£|£|
||Income from investment properties|113,899|**113,899**|115,767|115,767|
||Bank interest receivable|67|**67**|229|229|
|||``|``|``|``|
|||113,966|**113,966**|115,996|115,996|
|||``|``|``|``|
|**6.**|**Investment management costs**|||||
|||Unrestricted|**Total Funds**|Unrestricted|Total Funds|
|||Funds|**2025**|Funds|2024|
|||£|**£**|£|£|
||Investment property management costs|37,546|**37,546**|25,055|25,055|
|||``|``|``|``|
|**7.**|**Expenditure on charitable activities by fund type**|||||
|||Unrestricted|**Total Funds**|Unrestricted|Total Funds|
|||Funds|**2025**|Funds|2024|
|||£|**£**|£|£|
||Donations given|122,400|**122,400**|96,600|96,600|
||Support costs|4,402|**4,402**|4,178|4,178|
|||``|``|``|``|
|||126,802|**126,802**|100,778|100,778|
|||``|``|``|``|
|**8.**|**Expenditure on charitable activities by activity type**|||||
|||Grant funding||**Total funds**|Total fund|
|||of activities|Support costs|**2025**|2024|
|||£|£|**£**|£|
||Donations given|122,400|59|**122,459**|96,636|
||Governance costs|–|4,343|**4,343**|4,142|
|||``|``|``|``|
|||122,400|4,402|**126,802**|100,778|
|||``|``|``|``|
**- 9 -**
Docusign Envelope ID: 286E7FA8-2BAB-4087-9384-3853826AD7A3
## **C & F Charitable Trust**
## **Notes to the Financial Statements** _**(continued)**_
## **Year ended 5 April 2025**
## **9. Analysis of grants**
The composition of donations is shown below.
|The composition of donations is shown below.|||
|---|---|---|
|||£|
|Friends of Chosen Yeshias||38,000|
|Mifal Hachesed Vehatzedokoh||18,000|
|One Heart - Lev Echod||17,500|
|Friends of Beis Chinuch Lebonos Trust||15,000|
|Friends of Beis Soroh Schneirer||10,300|
|Sundry amounts <£10k||23,600|
|||``|
|||122,400|
|||``|
|**Independent examination fees**|||
||**2025**|2024|
||**£**|£|
|Fees payable to the independent examiner for:|||
|Independent examination of the financial statements|**2,400**
``|2,400
``|
## **10. Independent examination fees**
## **11. Staff costs**
No salaries or wages have been paid to employees, including trustees, during the year.
## **12. Trustee remuneration and expenses**
The charity did not meet any individual expenses incurred by the Trustees for services provided to the Charity.
## **13. Investments**
|**Investments**||
|---|---|
||**Investment**|
||**properties**|
||**£**|
|**Valuation**||
|**At 6 April 2024 and 5 April 2025**|**1,344,500**|
||``|
|**Carrying amount**||
|**At 5 April 2025**|**1,344,500**|
||``|
|At 5 April 2024|1,344,500|
||``|
All investments shown above are held at valuation.
## **Investment properties**
Investment properties are included at open market value as per the Trustees' valuation. The Trustees are all experienced in the field of property valuation.
The historical cost of the investment properties was £334,020 (2024: £334,020).
**- 10 -**
Docusign Envelope ID: 286E7FA8-2BAB-4087-9384-3853826AD7A3
## **C & F Charitable Trust**
## **Notes to the Financial Statements** _**(continued)**_
## **Year ended 5 April 2025**
## **14. Debtors**
|||||**2025**|2024|
|---|---|---|---|---|---|
|||||**£**|£|
||Trade debtors|||**23,402**|25,813|
|||||``|``|
|**15.**|**Creditors:** **amounts falling due within**|**one year**||||
|||||**2025**|2024|
|||||**£**|£|
||Payments received on account|||**3,900**|–|
||Trade creditors|||**9,533**|1,309|
||Accruals and deferred income|||**2,400**|2,400|
|||||``|``|
|||||**15,833**|3,709|
|||||``|``|
|**16.**|**Analysis of charitable funds**|||||
||**Unrestricted funds**|||||
|||At|||**At**|
|||6 April 2024|Income|Expenditure|**5 April 2025**|
|||£|£|£|**£**|
||General funds|1,392,560|126,966|(164,348)|**1,355,178**|
|||``|``|``|``|
|||At|||At|
|||6 April 2023|Income|Expenditure|5 April 2024|
|||£|£|£|£|
||General funds|1,402,396|115,996|(125,833)|1,392,559|
|||``|``|``|``|
|**17.**|**Analysis of net assets between funds**|||||
|||||Unrestricted|**Total Funds**|
|||||Funds|**2025**|
|||||£|**£**|
||Investments|||1,344,500|**1,344,500**|
||Current assets|||26,511|**26,511**|
||Creditors less than 1 year|||(15,833)|**(15,833)**|
|||||``|``|
||**Net assets**|||1,355,178|**1,355,178**|
|||||``|``|
|||||Unrestricted|Total Funds|
|||||Funds|2024|
|||||£|£|
||Investments|||1,344,500|1,344,500|
||Current assets|||51,768|51,768|
||Creditors less than 1 year|||(3,709)|(3,709)|
|||||``|``|
||**Net assets**|||1,392,559|1,392,559|
|||||``|``|
## **18. Related parties**
All transactions with related parties have been disclosed in the notes to the accounts.
**- 11 -**