HAROLD & NICOLA PASHA
CHARITABLE TRUST
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5TH APRIL 2025
Charity Number: 275426

HAROLD &
COLA PASHA CHARITABLE TRUST
TRUSTEES, ANNUAL REPORT AND FINANCIAL STATEMENTS
YEAR ENDED 5TH APRIL 2025
Page
Reference and Administrative Information
Trustees, Annual Report
Independent Examiner's Report
statement of Financial Activities
Balance Sheet
Notes lo the Financial Statements
7-13

Page 1
HAROLD & NICOLA PASHA CHARITABLE TRUST
REFERENCE AND ADMINISTRATIVE DETAILS
Charity name and number
Harold & Nicola Pasha Charitable Trust
Charity Number 275426
Address of charity
41h Floor,
28 Margaret Street,
London,
W1W8RZ
Trustees
J. L. P. Charity Trustees Limited
4th Floor,
28 Margaret street,
London,
W1W8RZ
Bankers
C. Hoare & Co
37 Fleet Street.
London.
EC4P 4DQ
Independent examin8r
Mr. J. Courts
HW Fisher Professional SeNices Limited,
Acre House,
11-15 Vlfilliam Road.
London,
NW1 3ER
Investment manager
Cazenove Capital.
12 Moorgale,
London,
EC2R 6DA

Page 2
HAROLD & NICOLA PASHA CHARITABLE TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5TH APRIL 2025
The trustees present their annual report together with the financial statements of the charity for the year
ended 51h April 2025. The financial statements have been prepared in accordance with the accounting
policies sel out in nDle 1 to the financial statements and comply with the chartly's trust deed, the Charitie5
Act 2011 and the Accounting Reporting by Charitses.. Slalement of Recommenced Practice applicable to
charities preparing their accounts in accordance with the Financial Reporting Standard applicable to UK
and Republic of Ireland IFRS 102).
Structure, Governance and Management
The Tiusl is an unincorporated body, consliluled under trust deed dated 23rt1 December 1977 and is a
registered charity, number 275426. The Trust was established by initial gift from Mrs. L Pasha. The trust
does not actively fundraise and maintains a careful stewardship of its existing resources.
J.L.P. Charity Trustees Limited acted as a Trustee throughout the year. The existing trustees have held
office for over 10 years. The power of appointing new or additional trustees is exercisable by the trustees.
The directors of J.L.P Charity Trustees Limited are Mr. H.C Pasha, Mrs. N. J. Pasha. Mr. M. E. Pasha and
Miss J. R. Pasha.
The charity has no lull lime or part time employees or volunteers to assist in the running of the charity., the
daily administration being carried out by Mr. H, C. Pasha.
Key management personnel remuneration
The Trustees consider Mr. H. C. Pasha as comprising the key management personnel of the charity in
charge of directing and controlling the charity and running and operating the charity on a day-lo-day basis.
Mr. H. C. Pasha gives of his lime freely and no remuneration or expenses were paid lo him during the
year.
Risk Management
The trustees have reviewed the major and financial risks Ihal impact on the work of the trust. The
systems that have been established enable the trustees lo review and lake necessary steps to lessen
these risks. In particular, the trustees have delegated the management of their investment portfolio to a
reputable firm of investment managers.
Objectives and Activities
The object of the trust is to apply the capital and income of the trust fund for such charitable purposes as
the trustees in their absolute discretion think fil. The policies adopted by the Iruslees in achieving these
aims are to make grants to suitable organisalions themselves charitable in nature.
Public Benefit
The Iruslees have given due consideration lo the Chaiily Commission's published guidance on the public
benefit requirements. The Trust conslitules 8 public benefit entity as defined by FRS 102.
Grant Maklng Policy
The trust continues lo accept appeals whether made formally or informally by UK registered charities. All
applications are considered on an individual basis. The Iruslees have a policy, which is communicated lo
all beneficiaries Ihal they make grants with no guarantees for future funding.
Achievement and Performan¢e
The Trustees continued to give grants lo support various charities registered in the United Kingdom.
During the year 11 grants totalling £42,500 were approved compared wilh 32 grants lolalling £237,220 in
the previous year. The trustees consider that these represent an appropriate exercise of their
discretionary powers. Details of all the grants made are given in note 9.

Page 3
HAROLD & NICOLA PASHA CHARITABLE TRUST
TRUSTEES, AN
UAL REPORT
Continued
Flnancial Review
The Trust is reliant on the income from ils investments and from rents received from the freehold propety.
In addition lo the regular ground rents, the Trust re￿iVeS premiums from tenants wishing lo extend their
leases. The total income of the Trust amounted to £67,117 compared to £66,017 for the previous year.
After expenditure of £80,87412024'. £269,283> the Irusl's resources prior lo movement on investments
decreased by £13,75712024'. £203.2661. The trust made a net loss of £106,656 {2024.' gain of £253,808}
on ils inveslmenls.
Investment Policy and Performan¢e
There are no ieslriclions on the trust's power lo invest and the trustees have not adopted an ethical
investment policy. Investment performance during the year was considered satisfactory. The investment
managers have been instructed to manage the portfolio on the basis of greatest income consislenl with
security and protection. Investment performance during the year was considered satisfactory.
Reserve¥ Policy
The reserve policy is reviewed annually. The trustees, aim is lo maintain free reserves in unreslricled
funds at a level that will provide sufficient funds to respond to applications for grants and ensure that there
are sufficient funds available lo cover support and governance costs. The level of free reserves al the
year-end was £2,852,27112024'. £2,972,684).
Going Concern
The trustees have a reasonable expectation that the trust has adequate resources lo continue operation
existence for the foreseeable future. For this reason, they continue lo adopt the going Concern basis in
preparing the financial slalements. Further details regarding the adoption of the going concern basis can
be found in the Accounting Policies.
Plans for the Future
The IrL¢slees intend lo continue providing grants in a similar way to the recent past continuing th8
emphasis on charitable causes but retaining flexibility as to Ihe timing, and scale of grant making. The
trustees have no immediate plans to modify or radically change any of the objects. activities or FX)licies.
Approved by..
ra
For and on behalf of
J. L. P. Charity Trustees Limited
05 Feb 2026
Date

Pag8 4
HAR
LD
NICOLA PASHA CHARITABLE TRUST
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
HAROLD & NICOLA PASHA CHARITABLE TRUST
I report lo the Iruslees on my examination of the financial statements of Harold & Nicola Pasha Charitable
Trust (the charity) fof Ihe year ended 5th April 2025.
Re8pon8ibilities and basis of report
As the trustees of the charity, you are responsible for the preparation of the accounts in accordance with
the requirements of the Charities Act 2Q11 I'lhe 2011 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 examinaliors I have followed all the applicable Directions given by the
Charity Commission under section 14515)Ibl of the 2011 Act.
Indppendent gxaminer's statement
I have completed my examination. l ¢onfirm Ihat no rnalerial mallers have come to my allenlion in
¢onnection with the examination giving me Cause lo believe that in any material respect..
accounting records were not kept in respect of the charity as required by section 130 of the 2011
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 fomi and
content of accounts set out in the Charities {Accounls and Report51 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 ¢oncerns and have come across no other mallers in connection with the examination lo which
attention should be drawn in this report in order lo enable a proper understanding of the accounts to be
reached.
Joel Courts
HW Fisher Professional Services Limited,
Chartered A¢¢ountanls,
Acre House,
11-15 Wlliam Road,
London,
NW1 3ER
05 Feb 2026
Date -

Pag6 5
HAROLD & NICOLA PASHA CHARITABLE TRUST
STATEMENT OF FIN
CIAL ACTIVIT
FOR THE YEAR ENDED 5TH APRIL 2025
2025
2024
Note
Income from:
Investments
67,117
66,017
Total income
67,117
66,017
Expenditure on:
Raising funds
Charitable activities
134,4951
46,379
128.3141
240,969
Total expendlture
180,8741
1269,2831
Net {1088llgains on investment assets
10
106,656
253,808
Ngt movgment in funds
1120,4131
50,542
Reconciliation of fund$
Total funds brought fo￿ard
2,972,684
2.922,142
Total fund$ ¢arried forward
15
2,852,271
2,972,684

Page 8
HAROLD & NICOLA PASHA CHARITABLE TRUST
BALANCE SHEET
FOR THE YEAR ENDED 5TH APRIL 2025
2025
2024
Nots
Fixed assets
Investment property
Investments al valuation
49,725
2,694 975
49,725
2,921,595
12
Total fixed assgts
2,744,700
2,971,320
Current asset8
Debtors
Cash with investment managers
C8sh al bank
13
11,928
114,678
64,602
12,403
63,325
37,971
Total current assets
191,208
113,699
Current liabilities
Creditors falling due within one year
14
83,637
112,335
Net Gurrgnt assets
107.571
1,364
Totsl net assets
2,852,271
2,972,684
The funds of the charity
Unrestricted funds
15
2.852.271
2,972,684
05 Fob 2026
The financial 9tatements were approved by the Board of Trustees on
signed on ils behalf by..
.and were
H. C. Pasha
On behalf of J. L. P. Chaflty Trustees Limited

Pag8 7
HAROLD & NICOLA PASHA CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5TH APRIL 2025
ACCOUNTING POLICIES
The principal accounting policies adopted, judgements and key sources of eslimalion uncertainty
in the preparation of the financial statements are as follows..
al Basis of preparation
These financial statements have been prepared in accordance wilh the charity's trtjst deed, the
Charities Act 2011 and "Accounting and Reporting by Charities. the Statement of Recommended
Practice applicable lo chariligs preparing their accounts in ac¢ordanGe with the Financial
Reporting Standard applicable in the UK and Republic of Ireland IFRS102}" {effeGlive 1 January
20191. The charity is a Public Benefit Enlily as defined by FRS 102.
The financial slalements are prepared in sterling, which is the functional currency of the charity.
Monetary amounts in these financial slalemenls are rounded lo th8 nearest £.
Th8 financial slalements have been piepared under the historical cost convention with il@ms
recognised at cost or transaction value unless otherwise staled in the relevant notes to these
accounts.
b) Golng concern
The Iruslees are confident that the charity can ¢onlinue to meet its liabilities as they fall due for the
foreseeable future. As such, the trustees consider that there are no material uncertainties about the
charity's ability lo continue as a going concern.
c) Critical accounting judgemgnts and estimation uncertainty
The Iruslees are satisfied that there are no material estimates or judgements in the financial
slalements.
d} Fund's structure
Both the capital and income of the charity can be applied al the discretion of the trustees in the
furtherance of the objects of the Irusl. There are no reslricled funds.
el Incoming resources
Donations are considered receivable when the amount can be reliably measured and recelpt is
reasonably certain.
Dividends arising on equity investments are accounted for in the year they are due
and receivable.
Other incoming resources are recognised once the charity has entitlement lo Ihe
resources, il is certain that the resources will be received and the monetary value of
incoming resources can be measured with ￿rtainlY.

Page 8
HAROLD & NICOLA PA
HA CHARITABLE T
UST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5TH APRIL 2025
ACCOUNTING POLICIES Icontinuedl
fj Resources expended
Liabilities are recognised as resources expendgd as soon as ther8 is a legal or constructive
obligation committing the charity lo the expenditure. All expenditure is accounted for on an
accruals basis and has been classified under headings that aggregate all costs related lo the
category.
Grants payablo are payments made to third parties in the furtherance of Ihe charitable obleclives
of the trust. The grants ale accounted for where either the Iruslees have agreed lo pay the grant
without condilion and the recipient has a reasonable expectation that they will receive a grant, or
any condition attaching lo the grant is outside the Gontrol of Ihe Irusl.
The Cost of generating funds tonsisls of investment management costs including maintenance of
fixed assets.
Costs of charitable activities include grants made.
Governance costs comprise all costs involving the public accountability of the charity and ils
compliance with regulation and good pra¢li¢e. These include costs related lo th8 indgpend8nl
examination.
g) Cash at bank and In hand
Cash and cash equivalents include cash held in the Charity's bank accounts and shorl-term
deposil accounts with maturity dales of up to 12 months.
h} Investment property
Investment properties are initially measLJrèd al their cost and subsequently measured al their fair
value at each reporting date. The unrealised gainsllosses at the end of the financial period which
is reflected in the SOFA.
Investments
Investments are initially mèasured al their cost and subsequently measured al their fair value al
each reporting dale, which gives rise lo unrealised gainsllosses at the end of the financial period
which is reflected in the SOFA. Realised gainsllosses are calculated as the difference betMeen the
sales proceeds and the opening carrying value or the purchase price if acquired during the
financial period. Partial disposals 8re accounted for using the average value. Fair value is based
on the quoted price al the balance sheet dale without deduction of estimated future selling costs.
jl Financial instruments
The charity has elected lo apply the provisions of Section 11 'Basic Financial Instruments, and
Sect￿n 12 '0ther Financial Instruments Issues. of FRS 102 to all of ils financial instruments.
The charity only has financial assets and liabilities of a kind that qualify 89 basic financial
inslrumenls. Basic financial instruments are initially recognised al transaction value and
subsequently measured at their settlement value with the exception of fixed asset investments that
are ini11811y recognised at transaction value and subsequently recognised at their fair value.
k) Fund accountlng
All thè funds are unreslricled funds. Unrestricted funds represent the general reserves of the
Charity that can be utilised freely for the purposes of furthering the objects of the Charity-
Unrestricted income comprises of investment income earned from the charity's investments and
any other income in which no restrictions on ils use applies.

Page 9
HAROLD & NICOLA PASHA CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5TH APRIL 2025
EMPLOYEES, RELATED PARTY TRANSACTIONS AND TRUSTEES. REMUNERATION
There were no employees in the year12024= none). Nong of the Trustees were paid remuneration
or expenses by the Trust during the year (2024.. £nill. There were no related party transactions
during the year12024.' none).
TAXATION
The Trust is a registered charity and accordingly is exempl from taxation on ils income and gains
where they are applied for charitable purposes.
INVESTMENT INCOME
2025
2024
Dividends and interest
Rent and licence fees
56,942
10,175
57,157
8,860
67.117
66,017
RAISING FUNDS
2025
2024
Legal and professional fees
Freehold service Charges
25,177
9,318
22,192
6,122
34,495
28,314
CHARITABLE ACTIVITIES
The charity awarded granls to a number of institutions in furtherance of ils charitable activities.
2025
2024
Grants made (Note 9}
Support costs INote 71
Governance costs {Note 81
42.500
1,346
2,533
237,220
1,339
2,410
46.379
240,969

Page 10
HAROLD & NICOLA PASHA CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENT
FOR THE YEAR ENDED 5TH APRIL 2025
SUPPORT COSTS
2025
2024
Accountancy fees-charg8
Bank charges
1,275
71
1.225
114
1,346
1,339
GOVERNANCE COSTS
2025
2024
Independent examiner's fees
2,533
2,410

Pag811
HAROLD & NICOLA PASHA CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5TH APRIL 2025
9. GRANTS MADE
2025
2024
Poverty & rellef
Nightingale Hammerson
Nonmood Ravenswood
Wizo.UK
The Central British Fund For World Jewish Relief
500
1.000
70
1,000
1,500
5,000
7,570
1,5DO
Educatlon
The London School of Jewish Studies
JFS Charitable Trusl Limited
JW3 Development
Naima JPS
The Work Avenue Foundation
5,000
5.000
10,000
1,000
10.000
26.000
10,000
15,000
Health
Alexander Devine Children's Cancer Trust
Cure EB
The Felix Project
Halzola Trust Limited
Heart Cells Foundalion
Jewish Child's Day
Sl. James's Place Charitable Foundation
Maggie Keswick Jencks Cancer Caring Cenlres Trust
North London Hospice
Rays of Sunshine
Wellbeing of Women
100
2,500
250
500
5,000
5,000
7.600
600
500
37,500
500
5.000
1,000
55,050
11,000
Security
Community Security Trust
120.000
Religiou8
Campaign Againsl Antisemitism
CFI Charitable Trust
Western Marble Arch Synagogue
5,000
350
23,250
28,600
15,000
15.000
Totsl grants payable
42,500
237,220

Page 12
HAROLD
NICOLA PASHA CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENOED 5TH APRIL 2025
10. Net gainslllossesl on investments
2025
2024
Revaluation of investments
GainllLossl on sale of investments
{128,9671
22,311
254,903
1,095
(106,6561
253.808
11.
INVESTMENT PROPERTY
2025
2024
Market value at 6th April 2024 and 5th
April 2025
49,725
49,725
The investment property is carried al ils fair value based on the tsustee's valuation.
12.
FIXED ASSET INVESTMENTS
2025
2024
Market value at 6th April 2024
Additions lo investments at cost
Disposals at market value
Gainllloss} on disposal of investments
Unrealised Ilossllgain on revaluation of
investments
2,921,595
582,579
1702,5431
22,311
2,170,911
1,562,806
11,065,930)
11,0951
128,967
254,903
Market valL¢e at 5VI April 2025
2,694,975
2,921,595
Fixed asset investments by type..
Equities
Bonds
FLEnds
2,065,627
395,411
233,937
2.330,352
465,805
125,438
2.894,975
2,921.595
All investmenls are cairied at their fair value.

Page 13
HAROLD & NICOLA PASHA CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5TH APRIL 2025
13.
DEBTORS
2025
2024
Amounts falling due within one year:
Other debtors and prepayments
Accrued income
8,268
3,660
8,500
3,903
11,928
12.403
14.
ANALYSIS OF CURRENT LIABILITIES
2025
2024
Craditors falllng due wlthln one year
Service charges
Deferred income
Other creditors
Accruals
12,468
3,575
60,000
7,594
9,451
5,562
90,000
7,322
83,637
112,335
15.
UNRESTRICTED FUNDS
At 6th
April 2024
Loss on
investments
At5th
April 2025
Incomg
Expenditurè
Unrestricted funds
2,972,684
67,117
180,8741
1106,6561
2,852,271