CHARITY REGISTRATION NUMBEII: 2791 In
GROVE CHARITABLE TRUST
UNAUDITF,D FINANCIAL STATEMENTS
31 DICEMBF.R 2024

GROVE CHARITABLE TRUST
FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2024
PAGES
Trustees, annual report
Independenl examiner's report to th¢ Irustees
Siatement of financial activities
Ito2
Balance sheet
Notes to the financial stalements
6toll

GROVE CHARITABLE TRUST
TRUSTEES, ANNUAL REPORT
YEAR ENDED 31 DECEMBER 2024
The Ii'ustee5 prebent theii. report and Ilie unaudited financial statements of ihe Charity for tlie year ended
31 December 2024.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered charlty name
Charity registration number
Principal offiee
Grove Charitable Ti'ust
279110
23 Elmcrofl Aveniie
London
NWII ORS
THE TRUSTEES
MT M Bodner
Mr S Elodner
Mr A Denderowicz
Mr B Bodner
STRUCTURE, GOVERNANCE AND MANAGEMENT
The day-lo-day affairs of the charity are adtninistei'ed by the board of irustees.
New Inistees are appointed based on personal coinpelence. 5pecialisi skills, availability aiid knowled¥e
of Ilnd contact with institutions concei'ned with ihe advanceineni of religion in accordance with Ilie
Jewish faith and the reli¢f of paveity. New irusrees air indiicied into tl)e workings ofihe charity by Ili¢
existing irustees.
OBJECTIVES AND ACTIVITIES
The charily is eslablislied ro furthei. those purposes both in the United Kingdorn and abrvad I'ecogn15cd
as charitable by English law and in tui'll)eraiice of tlie afoi'eineniioned obje¢t¥ il)e cliarity receives
income troin lis cash depo.si15 and tixed asset inve5tiMenis wliicli it Ll(iliscs in the provision and
distribution of granls and donations.
The trusiees confirm th&t il)ey have referiyd to the gLiiddnce coiitained in the Charity Coinmission'5
general giiidance on public bencfii wl)en reviewing tlie ¢liai'iiy'5 aiins and objeciives and in planning
fiitiiie activities and setting the grdni making policy foi. Ihe year.
ACHIEVEMENTS AND PERFORMANCE
During tlie year ihe charity cDnlinLied ils pliilanthi'opiL aciiviries and lias Inainiained its siipport of
educational and oiher charitable insliiulions servinE Ihe wider piiblic in Great Bi'iiain and abroad.
Aggre¥ate donations paid diiring tlie year ainounled 10 £3,24012023.. £2,500).

GROVE CHARITABLf. TRUST
TRUSTEES, ANNUAL RF.PORT I, ,, .,,
YF.AR EI NDED 31 DECEMBER 2024
FINANCIAL REVIEW
Tlie financial iesults of ihc charity's activilies foi. the year endcd 31 Deceinber 2024 are fLilly I'eflected
in the attached financi81 stateinents together with the notes thereoii.
G r¥nl tnaking policy
The Charity makes granis and donations io colleges and inslitutions for il)e advancement of religion and
ediication and to institutions for the relief of wverty.
In Inaking grants and donations, the irusiees use tlieir personal knowledge nf the institution, ils
representatives. opei'aiional efficiency and repuiation. Tlie ii'ustees monitor ihe appliealion of the gTanls
and donations by ¢ommunicating with representatives of the institLltions.
Reserves policy
It is ihe charily's policy to maintain unresii'icied funds in oi'dei. to ensiire tliat it is in a position to conliniie
its granf-In2king aciivities at a l¢vel consisleni willi iliose wl)icl) liave beeii 11)ainrained in I'eceni years
and io cover contingencies of 2dditional calls being Inadc Lipun the cliariry for support of organisations
oi. inslilurions in times of need.
The cliariiy has total funds of £363,621 as at the balance shcci date. all of which are free Itserves, which
the Ii'usi¢es considei. to be adeqiiale to enable tlie Lliarity to Lai'ry on lis charitable aciiviiies inlo the
future and to earmark toward5 appi'opriaie invcstinents to generate a ievenLie stream and capital growlh.
Risk management
The ti'ustees liave assessed tlie major risks lo whicli the chai'iiy is exposed, in panicular those to ilie
opei'alions and findnces of the chai'ily, dnd al-e sat15ficd iliai sysieins arc in place io miiigate its exposLlI'e
lo those risks.
Investment policy
Under tlie D¢¢d of Declai'ation of Trust. the ITUStees have ihe poweT lo Inake any investment which Ilicy
see fit.
The irusiees, investment policy is to Indke inve5tmenis wliicl) will pi'ovide a glldranlced I'evenue streain
and a poienlial for capital growtli, willi pailicular pi'efei'ence for siicl) invi4slmcnls Iliat may be converted
to liqiiid assels as and wlien required. Tlie Ii'iisiee5 also seek io iiiwesi in pi'opcfly if considercd
appi'opriate to the Charity's cireuinstances.
Tlie Ii'iistees, annual report was approved on 22 Oclobei. 2025 and siLti)ed on behalf Of the boai'd of
by..
Bodner

GROVE CHARITABLE TRUST
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF GIIOVE
CHA]UTABLE TRUST
YEAR ENDED 31 DECEMBER 2024
I repoit io the truste￿ on my examination of ihe financial slateinenis of Grove Cliaritable Trust ('tlie
cliarity,) for the year ended 31 Deceinbei. 2024.
RESPONSIBILITIES AND BASIS OF REPORT
As the tl'LlStees of the charity yoil air responsible for ihe pi'eparation of the financial staieinents in
aLcoi'danee with the requirements of ihe Charitie5 Act 2011 ('the Act,).
I I'eport in Tespeci of my examination of the cl)arity'5 fin2ncial siateinents carried out under section 145
of tlie 201 l Act and in carrying out my examination I liave followed all ilie applicable Direeiions given
by ihe Chariry Commission under section 145{5Xb) ofthe Act.
INDEPENDENT EXAMINER'S STATEMENT
I have completed Iny examination. I cot)fii'in Iliat no niaterial Inatlers liave come io Iny aiteniion in
¢onn¢ciion with the examination giving mc caLise to believe il)ai in any Inaierial respect..
accounting records were not kepi in respect of the chariiy as reqLIITed by seciion 130 of the
Act,. or
the financial stateinents do not accord with ihose I'ecord5,' 01.
the fin4incial siatemenls do not coinply with the appli¢RbSe reqLiireinenis concerning ihe foi'm
and conteni of account5 set out in ihe Cliarities (Accoiinis and Reports) Reujulalions 2008
oiheT Ilian any reqLiireinent ihal the accounts &Jive a 'irue and fairf vicw whicli is noi a Inaiiei.
eonsidered as part ol'an independeiit exaininaiion.
I liave no Concerns and have come across no othei Inatiers iii connection witli ihe exaiThinalivn lo wliicli
aiienliorb 51)ould be drawn in thi5 report in ol'der to enable a proper undei'sianding of the u¢¢oiinis lo be
reached.
Barry Leigli FCA
Indepeiidcnt Exaii)iner
New Burlington Hous¢
1075 Fincliley Road
London
NWIIOPU
22 October 2025

GROVE CHARITABLE TRU,ST
STATEMEI NT OF FJNANCIAL ACTIVITIES
YEAR ENDED 31 DECEMBER 2024
2024
Unrestricied
fiinds Total funds Total fiinds
2023
Nolc
Income 2nd endoivment$
Donations and legacies
Investinent income
50,732
4,355
50.732
4.355
4,612
3,884
Total iThcome
55,087
55,087
8.496
Expenditure
ExpenditLire on charitable activitie5
Total expenditure
(4.080)
(4,080)
(4.080)
14,080)
(3,520)
(3,520)
Net gains on investments
35.282
3S.282
39.932
Net income #md ]bet movement In funds
86,289
86289
44,908
ReconeiliAtion of funds
Tolal funds bi'ought forward
Totgl funds carrie(I forward
277,332
277,332
232,424
363,621
J63,621
277,332
Tlie sialeinent of financial activities includes all gains and Ios8es I'ecogni5ed in ilie year.
All incvine and expei)dilure derive from L'ontinuing activilies.
I'he noie5 pag¢5 6 10 1 I loi'ni purl of Illl'￿ Iln'itheijl %rAIL'lll&'Trls.

GROVE CHARITABLE TRUST
BALANCE SHEET
31 DECEMBER 2024
2024
2023
FIXED ASSETS
Inve.%lTnenis
13
240,152
213.749
CURRENT ASSETS
Debtors
Cash ai bank and in hand
14
2,993
121,316
124,309
64,422
64,423
CREDITORS: Amounts f&lling due
wilhln one year
NET CURRENT ASSETS
15
(840)
{840)
123,469
63,583
TOTAL ASSETS LESS CURRENT
LIABILITIES
363.621
277,332
NET ASSETS
363,621
277,332
FUNDS OF THE CHARITY
Unrestricted (unds
363,621
277.332
277,332
Total rharlty funds
16
363.621
These financial slaleinent5 were appi.oved by ihc Eoard oftrustee5 and aiiihoi'i5ed foy issue on 22 October
2025, and are signed on behalf of the boafd by..
I. B Bodner
Ti'ustee

GROVE CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMF.NTS
YEI AR ENDED 31 DECEMBER 2024
GENERAL INFORMATION
The cliarity Is a public I￿nefIt enlity and a registered chai'ily in England and Wales and is
iinincorporated. The addi'ess ofthe principal office is 23 Elnicrofi AvenLie, London, NW I I ORS.
STATEMCI NT OF COMPLIANCE
These finanLial slaieinents have been prepared in compliance with fRS 102. 'The Financial
Reporting Standard applicable in the UK and the Republic of Ireland,, the Slatemeni of
Recominend¢d Practice applicable to chai'ities preparing their accounis in accordance with the
Financial Reporting Siandard applicable in the UK and Repiiblic ()f Ireland (FRS 102) {Cliarities
SORP IFRS 102)) and the Charities Acr 2011.
ACCOUNTING POLICIES
Basis of preparHllon
The finaiicial statements have been prepared on the hisloi'ical cost basis, 85 modified by il)e
I'evaluaiion of certain financial assets and liabilities and invesiment properiie5 measurcd ai fail.
alue ihroLigh iiicoine or expenditure.
Tl)e financial staleinenis are prepared in sterling, which is Ihe flineiional currency of tlie enlily.
Going Concern
There ale no material uncertainties about the charity's ability 10 continue.
,ludgemenls and key 50llrce5 of estimation uncertainly
There al'e no judgeinents. estimates and as511mpiions that affcci ilie omounl5 repoi1ed.
Fund Accounting
Uni'esiricted funds are available for use at the discreiion of lh¢ trustees 10 fui1her any of Ilie charity'5
PLlI'poses.
Designated funds are unresiricied fiinds earmarked by ihe Irusiecs foi. partiLiilai' fuliire project or
coinmilment.
Re51rictYd fiinds aie Slibjected lo resiriction.% on iheir expendiriire declared by ilie donoi. or throiigli
tlie i¢i'ins of dn appeal, and fall into one of two sub-¢18sses'. I'eslricted incotne funds or endowinent
funds.
Incoming resources
All income is included in tlie staiement of financial activilie.q wlien enlitleiiienl has passed to tlie
cliarily, il is probable ihat the economic benefits a.%50cialed will) the transacli()n will flow to tlie
chaTily dnd tlie amount can be reliably mea5uied. Tlie following specific policies are applied to
pailiciilAr calegories of income..
income fTOrn donations or graT)ts is ￿¢08n1$ed when there is evidence of eiilitleineni ¢0 the gift,
receipt 15 pjobable and its arnoLint can be Tneasured reliably.
Resources expended
Expendiiiire is I'ecognised on an accnials basis as a liability is incuriEd. Expendiiiii'e inclLides any
V A T whicli cannot be fully recovered, and is classified iindei. headings of Ihe sraieinenl ol-l inancial
activitie5 to wliicli it relates..

GROVE CHARITABLE TRUST
NOTES TO THE FIP4ANCIAL STATEMF.NTS fcy,,,,,,,,.,
y[1 AR ENDED 31 DECEMBER 2024
ACCOUNTING POLICIES (colliiniirdl
Resources eypended (coltlljtlieil)
expendiliire on chariiable aclivities includes (111 costs incuri-ed by a cliai'ily in iindei1akin
activities tlial fLiril)ei' its chariiable aiins for tlie benefit of ils beneficiaries. including tliose siippoi1
Costs and costs relating to the Eovernance of the charity apportioned to chai'iihble activilies.
other expenditure includes all expenditure ihat Is neither related to raising fLinds for the cliaTIty
nor pail of its expenditure on charitable activiiies.
All costs ale allo¢aied to expenditLire categoi'ies reflecting tl)e use of tl)C TesouTce. Direct eosls
aiti'ibuiable to a single activity are allocaied directly to that activily. Shdred costs ale appoi1ioned
bctween the activities iliey conli'ibute lo on a reasonable, jllslifiable and consisteni basis.
InwestmeThts
Lisied investments are measured at fair value with ¢lianges in fair value being recognised in pi'ofit
or loss.
Finwn¢ial instruments
A linancial asset oi. a linan¢i81 littbilily is recognised only when the enli(y becoines a party ID thc
ci)nlractiial provi5ion% of il)e insii'ument.
Babic financial inslrLiinentS are iniiially recogni5ed ai the ainount ieceivable or Piiyable incliiding
iiy related irai)saction costs, unless tlie ai'rangctneni consiitlltes a finliicing Ii'aiisdLtiOD, whei'e it
is recognised at the preseni value of thc fulure payments discoiii)ted ai a mdrkel ralc of inieresl for
a sirnilai. debt instriiineni.
Curi'enl asse15 and current liabilities are SLibsequently measLired ai ihe cash or oihci. considLration
expectcd to be paid oi. I'eceivcd and not dI￿oUnted.
Debi in51ruinenis al'e subsequently measured ai ainortised cost.
Wlieic investinents in shares or preference shal'es Bl'e PLiblicly traded ()r tlieii. fail. valiie cdn
0111erwise be measiiitd I'eliably, the inveslmeni is SLibseqLiently Inea%ui'ed dl fair valiie will) Ll)ange5
in fair value Iccogiiised in incoine and ex￿nditi11e. All oil)er SULh investinenls are .subsequently
measurcd at cost less impairinent.
Financial assets il)ai are measiii'ed at cost or amortised cost are reviewed foi. objeclivv evidence of
iinpaiT1neni at the end of. eacli I'epoiling dale. If tlieTe is objeciive evidence ()f iinpaii'inenl. an
iinpairinent10ss is recognised under the ai)propriate heading irTr Ihc sidteinenl of financial aciivities
in whilli ihe initial gain was Te¢ognised.
For all equily inslrLiments re¥aTdless ol'significdnce, and oiher financial a55e15 that are individLially
Significant, Ihese are assessed individiially foi. iinpainncnl.
Any ieversals of iixpdirinent al'e recogni5ed immediately, to the exient 117at tlie reversal doe5 not
resiilt in a cai'i'ying ainouiit of the financial asscl that exceeds wliat the carrying ainoiini would l)avc
been had tlic impainnent not pievioiisly been reco¥ni5ed.

GROVE CIIARITABLE TRUST
NOTES TO THE FINANCIAL STATF.MENTS (,.,,,,,. ,
YEAR ENDED 31 DECEMBER 2024
DONATIONS AJYD LEGACIES
Unrestricted Total Funds Uni'estricied Total Funds
Funds
2024
Funds
2023
DONATIONS
Donaiions I'eceived
50,732
50,732
4,612
4,612
INVESTMENT INCOME
Unrestricted Total Funds Unrestricled Total Funds
Funds
2024
Funds
20?3
Bank inierest I'eceivable
Dividends receivable
1.328
3,027
1.328
3,027
607
3,277
607
3.277
4,355
4J55
3,884
3,884
EXPENDITURE ON CHARITABLE ACTIVITIES BV FUP4D TYPE
Unresiricied Total Full(Js Unrestricled Total Funds
Funds
2024
Fiinds
2023
GTantb paid
SLlPPOrt cosls
3,240
840
3.24
840
2.500
1,020
3,520
2.500
4,080
4.080
3,520
EXPENDITURE ON CHARITABLE ACTIVITIES BY AcfiviTY TYPE
Grant
funding (if
ctivities Suppo11 Costs
Total funds
2024
Total fLind
2023
Granls paid
GovernatJ¢e costs
3,240
3,240
840
2,500
1,020
3.520
840
3,240
840
4,080
ANALYSIS OF GRANTS
2024
2023
GRANTS TO INSTITUTIONS
Siipport of edu¢ation and I'elief of poverry
Total grants
3,240
2,500
3,240
2,500

GROVE CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS I-,,,.,,.
YEAR ENDED 31 DECEMBER 2024
ANALYSIS OF GRANTS IC￿1111111e¢v
All grants and donaiions wei'e paid io chai'itable institutions foi. the purposes of eiiliei. the
advanceincIit of ediication or the alleviation of poverty.
The coinposilion of don4ltions is sliown below.
2024
Tlie Beth Jacob Foundaiion
Sundi'y donations
2,500
740
3,240
NET GAINS ON INVESTMENTS
Unrestricted TotAI Funds Unrestricted Toial FLinds
Funds
2024
Fund5
2023
Gainsl(losses) on listed investments
35,282
3S,282
39,932
39,932
10. INDEPENDENT EXAMINATION FEES
2024
2023
Fees payable io the independent examiner for,
Independenl examination of the financial siaiements
840
I I. STAFF COSTS
Tlie averagc head counl of employees, inclliding tnisiees. diiring tlie year was 4 (2023..4}.
No 5alai.ies oi. wages liav¢ been paid to eTnployees dLlI'ing the year.
12. TRUSTEE REMUP4ERATION AIYD EXPENSES
No rciniineration or othei. benefits fiom employin¢ni witli the charity or B I'clated entity were
Irceived by the trusiees.
No Iriistee expenses have ken incuri'ed.

GROVE CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS f
YEAR ENDED 31 DECEMBER 2024
13. INVESTMENTS
Listtd
investments
Cost or waluation
At l January 2024
Additions
Disposals
Fair valiie movements
213,749
50,889
(53,658)
29,172
Al 31 December 2U24
240,152
Impairment
At l January 2024 and 31 December 2024
Carrying arnount
At 31 Decemher 2024
240,152
Al 31 Deceinbei. 2023
213,749
All invesiiiicnls shown above are held at valuaiion.
Finan¢ial assetslseld fair value
'ri)e histori¢al cost of the listed investments at 31 Deceinber 2024 is £149,684.
14. DEBTORS
2024
2023
Otl)er debioi'8
2,993
15. CREDITORS: &mounls fAllin¥ due wllhin one year
2024
2023
Accriidls and deferi'ed incvine
840
840
16. ANALYSIS OF CHARITABLE FiiNDS
Unre51ricled funds
Ai31
Gain5 aT)d December
losses
2024
January
2024
Incoine Eypenditiire
General fvnds
277,332
55.087
(4,080)
35,282
363.621
At I
jdn[￿lY
20?3
Gains and i l Deceinbei.
l0sse5
20?3
Incoine Expendiiiire
Qieneral fiinds
232.424
8,496
(3,520)
39,932
277.332

GROVE CHARIT ABLE TRUST
NOTES TO THE FINANCIAL STA TIMENTS (cfftvii,,,,,,
YEAR ENDED 31 DECEMBER 2024
17. ANALYSIS OF NET ASSETS BETWEEN FUNDS
Unresti'i¢ted Total Funds
Funds
2024
Invesiinentq
Cui'i'enl assets
Creditors le55 Ihan l yeti.
240,152
124.309
(840)
363,621
240,152
124J09
(840)
363,621
Net as$et$
Unrestricted Total Funds
Funds
2023
Investinenis
CLlI'rent asscis
Ci'editoi's less than l year
Net assets
213.749
64,423
18401
277,332
213,749
64,423
1840)
277J32
18. FINANCIAL INSTRUMENTS
The fair values of tlie assets held at fair value ihroLigh profit and loss at ihe balance sheei dale al'e
determined iising quoied pi'ices.
19. RF.LATED PARTIES
Donations of £380 were Inade lo Friends of Mosdos Sanz of Safad, a chariiy wliose trLislees inclLide