COMPANY REGISTRATION NUMBER: 01422574 CHARITY REGISTRATION NUMBER: 278387
ACHISOMOCH AID COMPANY LIMITED COMPANY LIMITED BY GUARANTEE FINANCIAL STATEMENTS
31 MARCH 2025
COHEN ARNOLD
Chartered accountants & statutory auditor New Burlington House 1075 Finchley Road LONDON NW11 0PU
ACHISOMOCH AID COMPANY LIMITED
COMPANY LIMITED BY GUARANTEE
FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2025
| PAGE | |
|---|---|
| Trustees' annual report (incorporating the director's report and strategic | |
| report) | 1 |
| Independent auditor's report to the members | 8 |
| Statement of financial activities (including income and expenditure | |
| account) | 13 |
| Statement of financial position | 14 |
| Statement of cash flows | 15 |
| Notes to the financial statements | 16 |
ACHISOMOCH AID COMPANY LIMITED
COMPANY LIMITED BY GUARANTEE
TRUSTEES' ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT AND STRATEGIC REPORT)
YEAR ENDED 31 MARCH 2025
The trustees, who are also the directors for the purposes of company law, present their report and the financial statements of the charity for the year ended 31 March 2025.
REFERENCE AND ADMINISTRATIVE DETAILS
| Registered charity name | Achisomoch Aid Company Limited |
|---|---|
| Charity registration number | 278387 |
| Company registration number | 01422574 |
| Principal office | Enterprise House |
| 2 The Crest | |
| London | |
| NW4 2HN | |
| Registered office | New Burlington House |
| 1075 Finchley Road | |
| London | |
| NW11 0PU | |
| The trustees | Mr J Emanuel |
| Mr M A Hackenbroch | |
| Mr R Denton | |
| Mr A Katz | |
| Mr S Meyer | |
| Auditor | Cohen Arnold |
| Chartered accountants & statutory auditor | |
| New Burlington House | |
| 1075 Finchley Road | |
| LONDON | |
| NW11 0PU | |
| Bankers | Barclays Bank Plc |
| Edgware Group | |
| 126 Station Road | |
| Edgware | |
| Middlesex | |
| HA8 7RY | |
| Solicitors | Womble Bond Dickinson (UK) LLP |
| 4 More London Place | |
| London | |
| SE1 2AU | |
| Investment advisors | Raymond James Investment Services |
| 230 Golders Green Road | |
| London | |
| NW11 9AT |
- 1 -
ACHISOMOCH AID COMPANY LIMITED
COMPANY LIMITED BY GUARANTEE
TRUSTEES' ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT AND STRATEGIC REPORT) (continued)
YEAR ENDED 31 MARCH 2025
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing documents
The charity is constituted as a company limited by guarantee and as such, its governing documents are its Memorandum and Articles of Association.
Its registered charity number is 278387 and its company registration number is 01422574.
Achisomoch Aid Company Limited also uses the name AAC.
Appointment, training, and recruitment of trustees
The trustees have no beneficial interest in the company as it is a company limited by guarantee. The trustees are recruited by agreement of trustees at an annual meeting. The choice is based on applicants' business and community knowledge.
New trustees are subject to trustee induction training which includes an understanding of the content of the Memorandum and Articles of Association, their legal obligations under Charity Act and Company Law, the organisational structure of charity and the recent financial performance of the charity. Trustees are encouraged to attend appropriate external training events which enhance their knowledge and skill thereby improving the performance of their role.
Management of the charity
The trustees delegate the day-to-day management of the charity to the CEO Matti Fruhman and the senior management team.
As the organisation continues to grow both in terms of the number of donors and recipient charities, the trustees have continue to invest in terms of personnel which represents a commitment by the trustees for the charity to develop its strategic objectives for the years ahead and maintaining its high level of service to its donors and charities. Staff are remunerated in line with roles with similar responsibilities in the charity sector.
Related parties and co-operations with other organisations
None of our trustees receive remuneration from their work with the charity. Any connection between a trustee of the charity with a supplier company must be disclosed to the full board of trustees in the same way as any other contractual relationship with a related party. In the current year no such related party transactions were reported.
None of the trustees have any beneficial interest in the charity.
- 2 -
ACHISOMOCH AID COMPANY LIMITED
COMPANY LIMITED BY GUARANTEE
TRUSTEES' ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT AND STRATEGIC REPORT) (continued)
YEAR ENDED 31 MARCH 2025
OBJECTIVES AND ACTIVITIES
The charity is established to advance religion in accordance with the Orthodox Jewish Faith and for such purposes as are recognised by English Law as charitable and in furtherance of the aforementioned objects.
The charity's principal activity throughout the year was the provision and distribution of donations and grants to other charitable institutions, organisations and authorised individuals. The charity aims to maximise its grants and donations on an annual basis.
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.
The objectives of the charity are to support the activities of religious Jewish organisations, especially in the field of education and relief of poverty. The trustees review institutions and organisations recommended by its donors and ensure they meet appropriate criteria in line with the charity's objectives.
To achieve its objectives, the charity operates an online platform specifically designed to facilitate community-based charitable support. It operates a donor-advised scheme, under which donations received are credited to the respective donor's account. Donors provide guidance on the allocation of their funds via the online platform. Subject to alignment with the charity's objectives, the charity implements the donors' instructions accordingly.
Grant making policy
Grants are made to charitable institutions, organisations and authorised individuals which accord with the objects of the charity.
Research and development
The charity continues to invest in the following areas:
-
Open banking which allows clients to top-up from within their accounts;
-
Software that provides a clearer view of transactions enabling client's easier navigation of transactions;
-
Real time transactions improvements;
-
Enhanced speed of future data enhancements;
-
Mobile application updates;
-
Charity portal application and mobile friendly facility;
-
Optimised processes and reporting.
-
Updating its online portals to include enhanced features and an improved user interface;
-
Enhancing the charity portal application by adding new functionalities, including a voucher upload feature.
Investments
The charity investment objectives include ensuring that there is minimal risk to its capital. The charity is satisfied that this objective has been met by its low-risk investment and thereby fulfilling the trustees' responsibilities.
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ACHISOMOCH AID COMPANY LIMITED
COMPANY LIMITED BY GUARANTEE
TRUSTEES' ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT AND STRATEGIC REPORT) (continued)
YEAR ENDED 31 MARCH 2025
STRATEGIC REPORT
The following sections for achievements and performance and financial review form the strategic report of the charity.
ACHIEVEMENTS AND PERFORMANCE
Income
During the year a total of £72,797,416 (2024: £71,077,333) donations were received. The level of donations received during the year exceeded the amounts received in all previous year's accounts, the trustees are pleased with the level of donations received. This represents an increase in income of over 2% compared to the previous year.
Investment income of £996,081 (2024: £384,894) includes income from deposits held in the bank and money market funds prior to distribution to charities. The trustees are pleased with the rate of return achieved.
Expenditure
During the year a total of £71,171,357 (2024: £69,927,078) has been distributed in accordance with the objectives of the charity as shown in the attached financial statements.
The benefits that these charities provide include:
-
Provision of basic necessities and financial support to the poor;
-
Relief of suffering in regard to illness and disabilities;
-
Jewish education and places of worship for the Jewish community.
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ACHISOMOCH AID COMPANY LIMITED
COMPANY LIMITED BY GUARANTEE
TRUSTEES' ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT AND STRATEGIC REPORT) (continued)
YEAR ENDED 31 MARCH 2025
FINANCIAL REVIEW
Risk management
The trustees have examined the major strategic, business and operational risks which the charity faces and confirm that systems have been established to enable reports to be produced so that the necessary steps can be taken to lessen these risks.
The trustees have a risk management strategy which comprises:
-
an annual review of the principal risks and uncertainties that the charity face;
-
the establishment of policies, systems and procedures to mitigate those risks identified in the annual review; and;
-
the implementation of procedures designed to minimise or manage any potential impact on the charity should those risks materialise.
This work has identified that financial sustainability is the major financial risk for the charity. A key element in the management of financial risk is a regular review of available liquid funds to settle debts as they fall due to ensure sufficient working capital by the charity. The trustees are satisfied that these systems and procedures manage any perceived risks.
It is imperative that the charity ensures that our compliance remains of the highest standard in order to discharge our duty of care. We see this as an investment which adds real value to all our donors giving peace of mind that funds donated are being distributed to charities who themselves have a high level of governance.
Key Performance Indicators (KPIs)
The trustees monitor the charity's performance progress against is strategic objectives and the financial performance of its operations on a regular basis. Performance is assessed against the strategy and expectations using financial and non-financial measures. The most significant KPIs used by the charity are as follows:
| ty are as follows: | ||
|---|---|---|
| 2025 | 2024 | |
| £ | £ | |
| Donations received | 72,800,000 | 71,100,000 |
| Grants and donations paid | 71,200,000 | 69,900,000 |
| Investments | 14,200,000 | 10,200,000 |
| Cash at bank | 4,700,000 | 7,100,000 |
During the year, the charity donated funds to 2,533 (2024: 2,435) different charitable institutions.
Reserves policy
At the year end, the charity's unrestricted funds stood at £3,220,009 (2024: £2,196,995) and restricted funds stood at £16,282,904 (2024: £15,727,907). Included in unrestricted funds is £342,101 of intangible assets.
Restricted funds relate to funds where the relevant donor will request funds are donated to specific recipients. Once sufficient checks are undertaken to ensure the recipient's objectives are both charitable and in line with the objectives of the Charity, then donations are made in line with these requests.
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ACHISOMOCH AID COMPANY LIMITED
COMPANY LIMITED BY GUARANTEE
TRUSTEES' ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT AND STRATEGIC REPORT) (continued)
YEAR ENDED 31 MARCH 2025
It is the policy of the charity to maintain unrestricted funds, at a level, which the trustees think appropriate after considering the future commitments of the charity and the likely administrative costs of the charity.
PLANS FOR FUTURE PERIODS
The trustees plan to maximise the level of donations received whilst continuing to make distributions in accordance with their grant making policy and to ensure that an appropriate level of reserves is maintained.
The overall aim of the charity is to continue to grow both its revenue and client base. This is both a short term and long-term aim. These aims are to be achieved by continued excellence in-service, cutting-edge technology and a gold standard in compliance.
TRUSTEES' RESPONSIBILITIES STATEMENT
The trustees, who are also directors for the purposes of company law, are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted 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 and the incoming resources and application of resources, including the income and expenditure, for that period.
In preparing these financial statements, the trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the applicable Charities SORP;
-
make judgments and accounting estimates that are reasonable and prudent;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping 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 them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
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ACHISOMOCH AID COMPANY LIMITED
COMPANY LIMITED BY GUARANTEE
TRUSTEES' ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT AND STRATEGIC REPORT) (continued)
YEAR ENDED 31 MARCH 2025
AUDITOR
Each of the persons who is a trustee at the date of approval of this report confirms that:
-
so far as they are aware, there is no relevant audit information 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 themselves aware of any relevant audit information and to establish that the charity's auditor is aware of that information.
The auditor is deemed to have been re-appointed in accordance with section 487 of the Companies Act 2006.
The trustees' annual report and the strategic report were approved on 24 December 2025 and signed on behalf of the board of trustees by:
Mr M A Hackenbroch Trustee
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ACHISOMOCH AID COMPANY LIMITED
COMPANY LIMITED BY GUARANTEE
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF ACHISOMOCH AID COMPANY LIMITED
YEAR ENDED 31 MARCH 2025
OPINION
We have audited the financial statements of Achisomoch Aid Company Limited (the 'charity') for the year ended 31 March 2025 which comprise the statement of financial activities (including income and expenditure account), statement of financial position, statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
-
give a true and fair view of the state of the charity's affairs as at 31 March 2025 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
-
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice;
-
have been prepared in accordance with the requirements of the Companies Act 2006.
BASIS FOR OPINION
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the 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 responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
CONCLUSIONS RELATING TO GOING CONCERN
In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
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ACHISOMOCH AID COMPANY LIMITED
COMPANY LIMITED BY GUARANTEE
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF ACHISOMOCH AID COMPANY LIMITED (continued)
YEAR ENDED 31 MARCH 2025
OTHER INFORMATION
The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
OPINIONS ON OTHER MATTERS PRESCRIBED BY THE COMPANIES ACT 2006
In our opinion, based on the work undertaken in the course of the audit:
-
the information given in the trustees' report including the strategic report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
-
the trustees' report including the strategic report has 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 company and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees’ annual report including strategic report.
We have nothing to report in respect of the following matters where 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 received from branches not visited by us; or
-
the financial statements are not in agreement with the accounting records and returns; or
-
certain disclosures of trustees remuneration specified by law are not made; or
-
we have not received all the information and explanations we require for our audit.
- 9 -
ACHISOMOCH AID COMPANY LIMITED
COMPANY LIMITED BY GUARANTEE
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF ACHISOMOCH AID COMPANY LIMITED (continued)
YEAR ENDED 31 MARCH 2025
RESPONSIBILITIES OF TRUSTEES
As explained more fully in the trustees' responsibilities statement, the trustees (who are also the directors for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.
AUDITOR'S RESPONSIBILITIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
-
We obtained an understanding of the legal and regulatory frameworks that are applicable to the charity through discussion with the trustees and identified financial reporting legislation and charity legislation as being most significant to these financial statements.
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We communicated these identified frameworks amongst our audit team and remained alert to any indications of non-compliance throughout the audit. We ensured that the engagement team had sufficient competence and capability to identify or recognise non-compliance with the laws and regulations.
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We discussed with the trustees the policies and procedures regarding compliance with these legal and regulatory frameworks.
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We assessed the susceptibility of the charity's financial statements to material misstatement due to non-compliance with legal and regulatory frameworks, including how fraud might occur, by enquiry with the trustees during the planning and finalisation stages of our audit. The susceptibility to such material misstatement was determined to be low.
-
Based on this understanding, we designed our audit procedures to identify non-compliance with the identified legal and regulatory frameworks, which were part of our procedures on the related financial statement items.
- 10 -
ACHISOMOCH AID COMPANY LIMITED
COMPANY LIMITED BY GUARANTEE
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF ACHISOMOCH AID COMPANY LIMITED (continued)
YEAR ENDED 31 MARCH 2025
As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also:
-
Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient 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 may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
-
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the internal control.
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Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the trustees.
-
Conclude on the appropriateness of the trustees' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the charity's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the charity to cease to continue as a going concern.
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Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.
We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
- 11 -
ACHISOMOCH AID COMPANY LIMITED
COMPANY LIMITED BY GUARANTEE
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF ACHISOMOCH AID COMPANY LIMITED (continued)
YEAR ENDED 31 MARCH 2025
Cohen Arnold is eligible to act as an auditor in terms of section 1212 of the Companies Act 2006.
USE OF OUR REPORT
This report is made solely to the charity's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charity's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's members as a body, for our audit work, for this report, or for the opinions we have formed.
David Goldberg FCA (Senior Statutory Auditor)
For and on behalf of Cohen Arnold Chartered accountants & statutory auditor New Burlington House 1075 Finchley Road LONDON NW11 0PU
Our audit was completed on 24 December 2025 and our opinion was expressed at that date.
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ACHISOMOCH AID COMPANY LIMITED
COMPANY LIMITED BY GUARANTEE
STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT)
YEAR ENDED 31 MARCH 2025
| 2025 | 2024 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||
| funds | funds | Total funds | Total funds | ||
| Note | £ | £ | £ | £ | |
| Income and endowments | |||||
| Donations and legacies | 5 | – | 72,797,416 | 72,797,416 | 71,077,333 |
| Charitable activities | 6 | 2,671,013 | (2,671,013) | – | – |
| Investment income | 7 | 996,081 | – | 996,081 | 384,894 |
| Other income | 8 | 26,498 | – | 26,498 | 63,062 |
───────────── |
─────────────── |
─────────────── |
─────────────── |
||
| Total income | 3,693,592 | 70,126,403 | 73,819,995 | 71,525,289 | |
═════════════ |
═══════════════ |
═══════════════ |
═══════════════ |
||
| Expenditure | |||||
| Expenditure on charitable activities | 9,10 |
(2,670,578) | (69,571,406) | (72,241,984) | (70,915,392) |
───────────── |
─────────────── |
─────────────── |
─────────────── |
||
| Total expenditure | (2,670,578) | (69,571,406) | (72,241,984) | (70,915,392) | |
═════════════ |
═══════════════ |
═══════════════ |
═══════════════ |
||
───────────── |
─────────────── |
─────────────── |
─────────────── |
||
| Net income and net movement in | funds | 1,023,014 | 554,997 | 1,578,011 | 609,897 |
═════════════ |
═══════════════ |
═══════════════ |
═══════════════ |
||
| Reconciliation of funds | |||||
| Total funds brought forward | 2,196,995 | 15,727,907 | 17,924,902 | 17,315,005 | |
───────────── |
─────────────── |
─────────────── |
─────────────── |
||
| Total funds carried forward | 3,220,009 | 16,282,904 | 19,502,913 | 17,924,902 | |
═════════════ |
═══════════════ |
═══════════════ |
═══════════════ |
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 16 to 28 form part of these financial statements.
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ACHISOMOCH AID COMPANY LIMITED
COMPANY LIMITED BY GUARANTEE
STATEMENT OF FINANCIAL POSITION
31 MARCH 2025
| 2025 | 2024 | ||||
|---|---|---|---|---|---|
| Note | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Intangible assets | 15 | 342,101 | 256,933 | ||
| Investments | 16 | 14,225,532 | 10,234,642 | ||
─────────────── |
─────────────── |
||||
| 14,567,633 | 10,491,575 | ||||
| CURRENT ASSETS | |||||
| Debtors | 17 | 337,850 | 400,269 | ||
| Cash at bank and in hand | 4,652,080 | 7,094,027 | |||
───────────── |
───────────── |
||||
| 4,989,930 | 7,494,296 | ||||
| CREDITORS: amounts falling due | |||||
| within one year | 18 | (54,650) | (60,969) | ||
───────────── |
───────────── |
||||
| NET CURRENT ASSETS | 4,935,280 | 7,433,327 | |||
─────────────── |
─────────────── |
||||
| TOTAL ASSETS LESS CURRENT | |||||
| LIABILITIES | 19,502,913 | 17,924,902 | |||
─────────────── |
─────────────── |
||||
| NET ASSETS | 19,502,913 | 17,924,902 | |||
═══════════════ |
═══════════════ |
||||
| FUNDS OF THE CHARITY | |||||
| Restricted funds | 16,282,904 | 15,727,907 | |||
| Unrestricted funds | 3,220,009 | 2,196,995 | |||
─────────────── |
─────────────── |
||||
| Total charity funds | 20 | 19,502,913 | 17,924,902 | ||
═══════════════ |
═══════════════ |
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the medium companies regime.
These financial statements were approved by the board of trustees and authorised for issue on 24 December 2025, and are signed on behalf of the board by:
Mr M A Hackenbroch Trustee
Company registration number: 01422574
The notes on pages 16 to 28 form part of these financial statements.
- 14 -
ACHISOMOCH AID COMPANY LIMITED
COMPANY LIMITED BY GUARANTEE
STATEMENT OF CASH FLOWS
YEAR ENDED 31 MARCH 2025
| YEAR ENDED 31 MARCH 2025 | ||
|---|---|---|
| 2025 | 2024 | |
| £ | £ | |
| CASH FLOWS FROM OPERATING ACTIVITIES | ||
| Net income | 1,578,011 | 609,897 |
| Adjustments for: | ||
| Amortisation of intangible assets | 2,856 | 2,794 |
| Other interest receivable and similar income | (996,081) | (384,894) |
| Interest payable and similar charges | 42,212 | 29,862 |
| Accrued expenses | – | 6,000 |
| Changes in: | ||
| Trade and other debtors | 62,419 | (34,972) |
| Trade and other creditors | (6,319) | (12,051) |
───────────── |
────────── |
|
| Cash generated from operations | 683,098 | 216,636 |
| Interest paid | (42,212) | (29,862) |
| Interest received | 996,081 | 384,894 |
───────────── |
────────── |
|
| Net cash from operating activities | 1,636,967 | 571,668 |
═════════════ |
══════════ |
|
| CASH FLOWS FROM INVESTING ACTIVITIES | ||
| Purchase of intangible assets | (88,024) | (106,505) |
| Purchases of other investments | (3,990,890) | (228,360) |
───────────── |
────────── |
|
| Net cash used in investing activities | (4,078,914) | (334,865) |
═════════════ |
══════════ |
|
| NET (DECREASE)/INCREASE IN CASH AND CASH | ||
| EQUIVALENTS | (2,441,947) | 236,803 |
| CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR | 7,094,027 | 6,857,224 |
───────────── |
───────────── |
|
| CASH AND CASH EQUIVALENTS AT END OF YEAR | 4,652,080 | 7,094,027 |
═════════════ |
═════════════ |
The notes on pages 16 to 28 form part of these financial statements.
- 15 -
ACHISOMOCH AID COMPANY LIMITED
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2025
1. GENERAL INFORMATION
The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is New Burlington House, 1075 Finchley Road, London, NW11 0PU.
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 Companies Act 2006.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis and the functional currency of the charity is sterling, rounded to the nearest whole pound.
The charity meets the definition of a public benefit entity under FRS 102.
Going concern
The financial statements have been prepared in accordance with the accounting principles appropriate to a going concern, as the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future by meeting its liabilities as they fall due, based on the net current asset position of the charity and available sources of finance. The trustees recognise that they have the ability to exercise control over the charity's grant making charitable activities due to the absence of any legally binding obligations.
Judgements and key sources of estimation uncertainty
In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. These estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.
The trustees do not consider there are any critical judgements or sources of estimation uncertainty requiring disclosure beyond the accounting policies listed below.
- 16 -
ACHISOMOCH AID COMPANY LIMITED COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 31 MARCH 2025
3. ACCOUNTING POLICIES (continued)
Fund accounting
Unrestricted funds
General unrestricted funds comprise the accumulated surplus or deficit on income and expenditure account which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.
Restricted funds
Restricted funds are the accumulation of all donations given to the charity less commissions charged and grants distributed. These are subject to restrictions of the donor. Under normal circumstances these restrictions will be honoured if they fall within the objects of the charity.
A commission charge is made by the charity on all donations received. This charge is subsequently transferred to a separate account as unrestricted funds.
Incoming resources
All 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. The following specific policies are applied to particular categories of income:
-
income from donations or grants, and from commission charged on them, is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
-
income from the payroll giving (Give As You Earn) scheme are credited to the statement of financial activities on a cash received basis.
-
interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank.
-
income tax recoverable in respect of gift aid donations received is accounted for on an accrual basis.
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 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.
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.
- 17 -
ACHISOMOCH AID COMPANY LIMITED
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 31 MARCH 2025
3. ACCOUNTING POLICIES (continued)
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the statement of financial activities.
Intangible assets
Intangible assets consists of capitalised development costs related to research and development activities – this class of assets is carried under the cost model.
All research costs are expensed. Costs related to the development of products are capitalised when they meet the following conditions:
-
It is technically feasible to complete the intangible asset so that it will be available for use or sale;
-
There is the intention to complete the intangible asset and use or sell it;
-
There is the ability to use or sell the intangible asset;
-
The use or sale of the intangible asset will generate probable future economic benefits;
-
There are adequate technical, financial and other resources available to complete the development and to use or sell the intangible asset; and
-
The expenditure attributable to the intangible asset during its development can be measured reliably.
All other development expenditure is recognised as an expense in the period in which it is incurred.
Capitalised development costs are stated at cost less accumulated amortisation and accumulated impairment losses.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Development costs
- 20% reducing balance
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
- 18 -
ACHISOMOCH AID COMPANY LIMITED COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 31 MARCH 2025
3. ACCOUNTING POLICIES (continued)
Investments
Fixed asset investments consist of money market deposits and are initially recorded at cost, and subsequently stated at amortised cost.
Debtors
Trade and other debtors are recognised at the settlement amount due. Prepayments are valued at the amount prepaid.
Cash at bank and in hand
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
Creditors and provisions
Creditors and provisions are recognised when the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discount due.
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 payable 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.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises.
4. LIMITED BY GUARANTEE
The charity is a company limited by guarantee and has no share capital. The liability of each member in the event of winding up is limited to £1.
- 19 -
ACHISOMOCH AID COMPANY LIMITED
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 31 MARCH 2025
5. DONATIONS AND LEGACIES
| DONATIONS AND LEGACIES | ||||
|---|---|---|---|---|
| Restricted | Total Funds | Restricted | Total Funds | |
| Funds | 2025 | Funds | 2024 | |
| £ | £ | £ | £ | |
| DONATIONS | ||||
| Donations | 43,345,909 | 43,345,909 | 46,029,048 | 46,029,048 |
| Gift Aid Donations | 21,738,937 | 21,738,937 | 18,566,778 | 18,566,778 |
| Taxation recovered on Gift Aid | ||||
| Donations | 5,505,617 | 5,505,617 | 4,676,016 | 4,676,016 |
| Give As You Earn Donations | 2,206,953 | 2,206,953 | 1,805,491 | 1,805,491 |
─────────────── |
─────────────── |
─────────────── |
─────────────── |
|
| 72,797,416 | 72,797,416 | 71,077,333 | 71,077,333 | |
═══════════════ |
═══════════════ |
═══════════════ |
═══════════════ |
|
| CHARITABLE ACTIVITIES | ||||
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2025 | ||
| £ | £ | £ | ||
| Commission | 2,671,013 | (2,671,013) | – |
|
═════════════ |
═════════════ |
════ |
||
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2024 | ||
| £ | £ | £ | ||
| Commission | 2,456,335 | (2,456,335) | – |
|
═════════════ |
═════════════ |
════ |
||
| INVESTMENT INCOME | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
| Funds | 2025 | Funds | 2024 | |
| £ | £ | £ | £ | |
| Bank interest receivable | 996,081 | 996,081 | 384,894 | 384,894 |
══════════ |
══════════ |
══════════ |
══════════ |
|
| OTHER INCOME | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
| Funds | 2025 | Funds | 2024 | |
| £ | £ | £ | £ | |
| Other income | 26,498 | 26,498 | 63,062 | 63,062 |
═════════ |
═════════ |
═════════ |
═════════ |
6. CHARITABLE ACTIVITIES
7. INVESTMENT INCOME
8. OTHER INCOME
- 20 -
ACHISOMOCH AID COMPANY LIMITED COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 31 MARCH 2025
9. EXPENDITURE ON CHARITABLE ACTIVITIES BY FUND TYPE
| Unrestricted | Restricted | Total Funds | ||
|---|---|---|---|---|
| Funds | Funds | 2025 | ||
| £ | £ | £ | ||
| Grants and donations | 1,599,951 | 69,571,406 | 71,171,357 | |
| Support costs | 1,070,627 | – | 1,070,627 | |
───────────── |
─────────────── |
─────────────── |
||
| 2,670,578 | 69,571,406 | 72,241,984 | ||
═════════════ |
═══════════════ |
═══════════════ |
||
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2024 | ||
| £ | £ | £ | ||
| Grants and donations | 1,109,492 | 68,817,586 | 69,927,078 | |
| Support costs | 988,314 | – | 988,314 | |
───────────── |
─────────────── |
─────────────── |
||
| 2,097,806 | 68,817,586 | 70,915,392 | ||
═════════════ |
═══════════════ |
═══════════════ |
||
| The list of grants to institutions during | the year are disclosed in Note | 26. | ||
| EXPENDITURE ON CHARITABLE ACTIVITIES BY ACTIVITY TYPE | ||||
| Grant funding | Total funds | Total fund | ||
| of activities Support costs | 2025 | 2024 | ||
| £ | £ | £ | £ | |
| Grants and donations | 71,171,357 | 900,934 | 72,072,291 | 70,756,103 |
| Governance costs | – | 169,693 | 169,693 | 159,289 |
─────────────── |
───────────── |
─────────────── |
─────────────── |
|
| 71,171,357 | 1,070,627 | 72,241,984 | 70,915,392 | |
═══════════════ |
═════════════ |
═══════════════ |
═══════════════ |
|
| ANALYSIS OF SUPPORT COSTS | ||||
| Grants and | ||||
| donations | Total 2025 | Total 2024 | ||
| £ | £ | £ | ||
| Staff costs | 418,959 | 418,959 | 365,638 | |
| Communications and IT | 302,990 | 302,990 | 294,798 | |
| General office | 134,306 | 134,306 | 131,564 | |
| Finance costs | 42,212 | 42,212 | 29,862 | |
| Governance costs | 127,481 | 127,481 | 129,427 | |
| Management services | 44,679 | 44,679 | 37,025 | |
───────────── |
───────────── |
────────── |
||
| 1,070,627 | 1,070,627 | 988,314 | ||
═════════════ |
═════════════ |
══════════ |
10. EXPENDITURE ON CHARITABLE ACTIVITIES BY ACTIVITY TYPE
11. ANALYSIS OF SUPPORT COSTS
- 21 -
ACHISOMOCH AID COMPANY LIMITED COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 31 MARCH 2025
11. ANALYSIS OF SUPPORT COSTS (continued)
The total staff costs and employee benefits for the reporting period are analysed as follows:
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Wages and salaries | 374,622 | 330,069 |
| Social security costs | 37,267 | 29,603 |
| Employers pension contributions | 7,070 | 5,966 |
────────── |
────────── |
|
| 418,959 | 365,638 | |
══════════ |
══════════ |
In addition, staff costs of £26,391 have been capitalised.
The average head count of employees during the year was 12 (2024: 10). The average number of full-time equivalent employees during the year 4 (2024: 4). One employee received employee benefits of more than £90,000 during the year (2024: £90,000).
Key Management Personnel
Key management personnel include all persons that have authority and responsibility for planning, directing and controlling the activities of the charity. The total compensation paid to key management personnel for services provided to the charity was £207,350 (2024: £173,196).
12. ANALYSIS OF GRANTS
| ANALYSIS OF GRANTS | ||
|---|---|---|
| 2025 | 2024 | |
| £ | £ | |
| GRANTS TO INSTITUTIONS | ||
| Advancement of health and saving of lives | 3,907,067 | 3,824,606 |
| Advancement of education | 36,949,742 | 39,370,047 |
| Prevention and relief of poverty | 12,294,228 | 10,769,213 |
| Advancement of Jewish religion | 11,608,907 | 8,648,932 |
| Advancement of community development | 56,566 | 40,022 |
| Relief of those in need, by reason of youth, age, ill-health, | ||
| disability, financial hardship or other disadvantage | 5,582,412 | 6,101,471 |
| Advancement of the arts, culture, heritage or science | 82,344 | 74,471 |
| Advancement of human rights, conflict resolution or reconciliation | ||
| or the promotion of religious or racial harmony or equality and | ||
| diversity | 32,918 | 288,577 |
| Advancement of amateur sport | 119,363 | 67,223 |
| Advancement of environmental protection or improvement | 10,646 | 57,368 |
| Other charitable purposes | 527,164 | 685,148 |
─────────────── |
─────────────── |
|
| Total grants | 71,171,357 | 69,927,078 |
═══════════════ |
═══════════════ |
|
| AUDITORS REMUNERATION | ||
| 2025 | 2024 | |
| £ | £ | |
| Fees payable for the audit of the financial statements | 40,800 | 34,800 |
═════════ |
═════════ |
13. AUDITORS REMUNERATION
14. TRUSTEE REMUNERATION AND EXPENSES
No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.
- 22 -
ACHISOMOCH AID COMPANY LIMITED COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 31 MARCH 2025
15. INTANGIBLE ASSETS
| 15. | INTANGIBLE ASSETS | ||
|---|---|---|---|
| Software | |||
| development | |||
| costs | |||
| £ | |||
| Cost | |||
| At 1 April 2024 | 264,188 | ||
| Additions | 88,024 | ||
────────── |
|||
| At 31 March 2025 | 352,212 | ||
══════════ |
|||
| Amortisation | |||
| At 1 April 2024 | 7,255 | ||
| Charge for the year | 2,856 | ||
────────── |
|||
| At 31 March 2025 | 10,111 | ||
══════════ |
|||
| Carrying amount | |||
| At 31 March 2025 | 342,101 | ||
══════════ |
|||
| At 31 March 2024 | 256,933 | ||
══════════ |
|||
| 16. | INVESTMENTS | ||
| Cash or cash | |||
| equivalents | |||
| £ | |||
| Cost | |||
| At 1 April 2024 | 10,234,642 | ||
| Additions | 3,990,890 | ||
─────────────── |
|||
| At 31 March 2025 | 14,225,532 | ||
═══════════════ |
|||
| Impairment | |||
| At 1 April 2024 and 31 March 2025 | |||
| Carrying amount | |||
| At 31 March 2025 | 14,225,532 | ||
═══════════════ |
|||
| At 31 March 2024 | 10,234,642 | ||
═══════════════ |
|||
| All investments shown above are held at amortised cost. | |||
| 17. | DEBTORS | ||
| 2025 | 2024 | ||
| £ | £ | ||
| Trade debtors | 76,276 | 87,600 |
|
| Prepayments and accrued income | 7,215 | 4,783 |
|
| Income tax recoverable | 254,359 | 307,886 |
|
────────── |
────────── |
||
| 337,850 | 400,269 |
||
══════════ |
══════════ |
- 23 -
ACHISOMOCH AID COMPANY LIMITED
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 31 MARCH 2025
18. CREDITORS: amounts falling due within one year
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Trade creditors | 17,798 | 24,988 |
| Accruals and deferred income | 34,800 | 34,800 |
| Social security and other taxes | 87 | 41 |
| Other creditors | 1,965 | 1,140 |
───────── |
───────── |
|
| 54,650 | 60,969 | |
═════════ |
═════════ |
19. PENSIONS AND OTHER POST RETIREMENT BENEFITS
Defined contribution plans
The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £7,070 (2024: £5,966).
The defined contribution plan expenses are allocated to the unrestricted funds, which is consistent with the accounting treatment of staff costs.
20. ANALYSIS OF CHARITABLE FUNDS
Unrestricted funds
| Unrestricted funds | ||||
|---|---|---|---|---|
| At | ||||
| At | 31 March | |||
| 1 April 2024 | Income | Expenditure | 2025 | |
| £ | £ | £ | £ | |
| Unrestricted fund | 2,196,995 | 3,693,592 | (2,670,578) | 3,220,009 |
═════════════ |
═════════════ |
═════════════ |
═════════════ |
|
| At | At 31 March | |||
| 1 April 2023 | Income | Expenditure | 2024 | |
| £ | £ | £ | £ | |
| Unrestricted fund | 1,390,510 | 2,904,291 | (2,097,806) | 2,196,995 |
═════════════ |
═════════════ |
═════════════ |
═════════════ |
|
| Restricted funds | ||||
| At | ||||
| At | 31 March | |||
| 1 April 2024 | Income | Expenditure | 2025 | |
| £ | £ | £ | £ | |
| Restricted Fund | 15,727,907 | 70,126,403 | (69,571,406) | 16,282,904 |
═══════════════ |
═══════════════ |
═══════════════ |
═══════════════ |
|
| At | At 31 March | |||
| 1 April 2023 | Income | Expenditure | 2024 | |
| £ | £ | £ | £ | |
| Restricted Fund | 15,924,495 | 68,620,998 | (68,817,586) | 15,727,907 |
═══════════════ |
═══════════════ |
═══════════════ |
═══════════════ |
- 24 -
ACHISOMOCH AID COMPANY LIMITED
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 31 MARCH 2025
21. ANALYSIS OF NET ASSETS BETWEEN FUNDS
| Unrestricted | Restricted | Total Funds | ||
|---|---|---|---|---|
| Funds | Funds | 2025 | ||
| £ | £ | £ | ||
| Intangible assets | 342,101 | – | 342,101 | |
| Investments | – | 14,225,532 | 14,225,532 | |
| Current assets | 2,932,558 | 2,057,372 | 4,989,930 | |
| Creditors less than 1 year | (54,650) | – | (54,650) | |
───────────── |
─────────────── |
─────────────── |
||
| Net assets | 3,220,009 | 16,282,904 | 19,502,913 | |
═════════════ |
═══════════════ |
═══════════════ |
||
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2024 | ||
| £ | £ | £ | ||
| Intangible assets | 256,933 | – | 256,933 | |
| Investments | – | 10,234,642 | 10,234,642 | |
| Current assets | 2,001,031 | 5,493,265 | 7,494,296 | |
| Creditors less than 1 year | (60,969) | – | (60,969) | |
───────────── |
─────────────── |
─────────────── |
||
| Net assets | 2,196,995 | 15,727,907 | 17,924,902 | |
═════════════ |
═══════════════ |
═══════════════ |
||
| 22. | FINANCIAL INSTRUMENTS | |||
| The carrying amount for each category of financial | instrument is as follows: | |||
| 2025 | 2024 | |||
| £ | £ | |||
| Financial assets that are debt instruments measured at amortised | cost | |||
| Investments | 14,225,532 | 10,234,642 | ||
| Current assets | 4,989,930 | 7,494,296 | ||
─────────────── |
─────────────── |
|||
| 19,215,462 | 17,728,938 | |||
═══════════════ |
═══════════════ |
|||
| Financial liabilities measured at amortised cost | ||||
| Current liabilities | 54,650 | 60,969 | ||
═════════ |
═════════ |
|||
| 23. | ANALYSIS OF CHANGES IN NET DEBT | |||
| At | ||||
| At 1 Apr 2024 | Cash flows | 31 Mar 2025 | ||
| £ | £ | £ | ||
| Cash at bank and in hand | 7,094,027 | (2,441,947) | 4,652,080 |
|
═════════════ |
═════════════ |
═════════════ |
- 25 -
ACHISOMOCH AID COMPANY LIMITED
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 31 MARCH 2025
24. OPERATING LEASE COMMITMENTS
The total future minimum lease payments under non-cancellable operating leases are as follows:
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Not later than 1 year | 10,272 | 12,600 |
| Later than 1 year and not later than 5 years | 26,172 | 12,091 |
───────── |
───────── |
|
| 36,444 | 24,691 | |
═════════ |
═════════ |
25. RELATED PARTIES
During the year, donations amounting to £216,862 were received from the trustees.
The following donations were paid to charities where Mr R Denton is also a trustee: Noam Educational Trust £166,233 (2024: £156,255) and Project S.E.E.D. Limited £244,029 (2024: £220,459).
The following donations were paid to charities where Mr J Emanuel is also a trustee: Friends of Yeshivat Meor Hatalmud £8,925 (2024: £7,011), The Friends of Neve Yerushalayim Seminary Trust £20,721 (2024: £27,504), Friends of Yeshivas Torah Ohr £99,702 (2024: £64,728), The Friends of Bnei Torah Movement Trust £500 (2024: nil), Keren Eretz Yisroel £5,421 and UK Friends of Keren Tzlach £9,570 (2024: £1,350).
The following donations were paid to charities where Mr M Hackenbroch is also a trustee: Mesila UK Limited £2,550 (2024: £26,842), PaL Charitable Trust £67,313 (2024: £109,147) and Veshinantom £34,892.
The following donations were paid to charities where Mr A Katz is also a trustee: Chinuch 20 £36,219 (2024: £100,650), Institute for Dayanim £21,489 (2024: £31,409) and Shema Koli £5,915 (2024: £7,900).
- 26 -
ACHISOMOCH AID COMPANY LIMITED
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 31 MARCH 2025
26. LIST OF GRANTS TO INSTITUTIONS
| 2025 | |
|---|---|
| £ | |
| A Time Ltd | 204,673 |
| Achdut - Keren Hayeled | 207,740 |
| Ahavas Chesed | 266,186 |
| Amud Hatzdokoh Trust | 1,417,238 |
| Amudei Olam Beam | 264,424 |
| Ateres Beis Yaakov Ltd | 259,420 |
| Bait Limud V'chesed | 309,970 |
| Bederech Kovod | 250,733 |
| Bais Gavriel | 358,593 |
| Beis Yaakov Primary School Foundation | 338,341 |
| Benzi Dunner Educational Trust | 1,003,055 |
| BES Hardship Fund | 338,049 |
| Bais Hamedrash Nishmas Yisroel | 241,964 |
| Borehamwood Torah Centre | 206,740 |
| Camp Simcha | 286,843 |
| Chana Charity Ltd | 298,654 |
| Chazak Limited | 295,444 |
| Chevras Mo'oz Ladol | 783,716 |
| Chicken Soup Shelter - Bais Hatavshil | 209,643 |
| Comet Charities Ltd | 341,863 |
| Community Concern London | 430,378 |
| Friends of Beis Chinuch Lebonos Trust | 317,958 |
| Friends of Beis Soroh Schneirer | 285,848 |
| Friends of Beis Yisroel Trust | 321,315 |
| Friends of Galanta | 227,008 |
| Friends of Mir | 244,429 |
| Friends of Sanz Institutions | 229,441 |
| Gateshead Talmudical College | 687,770 |
| Give It Forward Today | 332,267 |
| Golders Green Beth Hamedrash Congregation | 379,422 |
| Hachzokas Torah V'Chesed | 227,605 |
| Hasmonean High School Charitable Trust | 1,720,713 |
| Hendon Adath Yisroel Congregation | 704,639 |
| Independent Jewish Day School | 217,027 |
| Kef Kids | 309,315 |
| Kehillas Ohel Moshe | 961,327 |
| Kollel Beis Aharon | 278,266 |
| Lechol Miley Dmitav | 232,293 |
| Mars Org Ltd | 238,651 |
| Menorah Foundation School | 331,945 |
| Menorah Grammar School Charitable Trust | 316,205 |
| Menorah High School For Girls | 325,410 |
- 27 -
ACHISOMOCH AID COMPANY LIMITED
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 31 MARCH 2025
26. LIST OF GRANTS TO INSTITUTIONS (continued)
| LIST OF GRANTS TO INSTITUTIONS(continued) | |
|---|---|
| Menorah Primary School | 343,240 |
| Mercaz Hatorah Belz Machnovke | 306,481 |
| Mercaz Hatorah Netzach Yisroel | 549,837 |
| Mercaz Hakollelim Nachlas Yaakov | 256,440 |
| Michtav Oz | 797,100 |
| Mifal Hachesed Vehatzedokoh | 288,515 |
| Mifal Tzedoko V'Chesed Limited | 359,399 |
| Mosdos Viznitz Baeretz Hakodesh | 357,050 |
| Ner Yisroel Educational Trust | 359,921 |
| Noa Girls | 246,622 |
| North London Welfare and Educational Foundation | 1,340,903 |
| One Heart - Lev Echod | 233,092 |
| Project S.E.E.D. Limited | 220,459 |
| Reb Shayale Kerestirer | 585,518 |
| Reb Shayale'S Tzeduke | 355,072 |
| Revach Vehatzola Trust | 380,856 |
| Shaarei Orah | 226,363 |
| Shiras Devorah Building Fund | 495,778 |
| Tomchei Yotzei Anglia | 299,209 |
| Torah Temimoh Primary School | 294,096 |
| Torah Vodaas Limited | 288,631 |
| Tzidkas Ohr Yeshaya | 288,910 |
| Wst Charity Limited | 672,218 |
| Yesamach Levav | 830,319 |
| Yeshaya Adler Memorial Fund | 555,961 |
| Yeshivas Mekor Chayim UK | 246,004 |
| Yeshivas Toras Moshe | 232,827 |
| Other donations | 42,558,015 |
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|
| Total grants | 71,171,357 |
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