Charity number.. 286708 NATHAN K4RET CHARITABLE TRUST TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025 BAGINSKY COHEN CHARTERED ACCOUNTANTS NATHAN KARETCHARITABLE TRUST CONTENTS Page Reference and administrative details of the charity, its Trustees and advisers Trustees. report Inde￿ndent examiner's rew)rt Statemeni of financial activities Balance sheet Notes to the financial statements 7.10 NATHAN KARET CHARITABLE TRUST REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 5 APRIL 2025 Trustees SARA KARET IAN KARET Charity re81Stered number 286708 Principal office ONE SILK STREET LONDON EC2Y 8HQ Accountants BAGINSKY COHEN 930 HIGH ROAD LONDON N129RT Bankers LLOYDS BANK FINCHLEY BRANCH 359 REGENTS PARK ROAD LONDON N3 IDN Page I NATHAN KARET CHARITABLE TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 5 APRIL 2025 The Tru5tee5 present their annual report together with the financial 51atements of the Nathan Karet Charitable Trust lor the 6 April 2024 10 5 April 2025. oBjE￿IvEs AND A￿1VITIEs . Policie5 and objertives The objectives ol the Trust are to pay to or apply the income of the Trust Fund and also 50 much ol the capital of the Trust Funds as the Tru51ees may from lime 10 lime detertNine to such Chdritie5 or such Charitable Purpu5es and in such prnportions and in such manner and subjea io such ierms and condiiions as ihe Trusiees may in their absolute unlettered discretion determine. In setting objectives and plannrns for aLlivities, Ihe Truslees have given due consideration to general guidance published by the Charity Commission relating lo public benelil, including the guidance 'Public benefit.. running charity IPB21'. ACHIEVEMENTS AND PERFORMANCE The Trust ha5 SUPPOrted a range of Arts, Charilies and Charitable PuTw>se5 Wlthin 115 object5. FINANCIAL REVIEW a. Goin8 concern Alier making appropriate enouiries, Ihe Trusiees have a reasonable expeciaiton thai ihe chaiily has adequate resources lo continue in operalional exislence lor Ihe foreseeable future. For ihis reason, they continue io Jdopl the gDin8 concern ba515 in pr?parin8 the financial 51atemenls. b. Reserves poli At 5 April 2025 Ihe reserves ammounted to £2.063,588 12024.. £2.095,2441. It is the trustees policy to distribute the income arisins froni the Capilal Invegted to variou5 cause5 as arKI ivhen the need ari5e5. STRucfuRE, GOVERNANCE AND MANAGEMENT a. Constitution Nathan Karet Charitable Trust 15 a rey'steTed chaiity, numbei 286708, and is constituted under a Trust deed. b. Method5 of aptx>intrnent or ele￿iOn of Tru51ees The tnanagement of the charity 15 the re5pofbsibility of the Trustees who are elected and Co￿pted under the term5 of the Trust deed. Page 2 NATHAN KARET CHARITABLE TRUST TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 5 APRIL 2025 STATEMENT OF TRUSTEES, RESPONSIBILITIES The Tru5tee5 are re5pon5ible for preparing the Tru5tee5' report and the financi31 statement5 in accordance with applicable law and Uniied Kingdom Accouniing Siandatds Iuniied Kingdom Generally Accepted Accounting Praclicel. The law applicable io charities in England & Wales requires Ihe Trusrees io prepare financial staternenls lor each financial which give a true and fair view of the 513te of affairs of the charity and of it5 incoming re50urce5 and application ol resources, including sts income and expenditure, lor ihai period. In preparing ihese linancial slatemenls. the Trustees are required io- select suitable accouniing policies and ihen apply them consisienily.. obse.rve the Meth(￿5 and principles ol Ihe Charities SORP IFRS 1021., make judgrnent5 and accounting eslimale5 thal are reasonable and PTudent', %taip wheihpr applirable UK Acrouniin8 Siandard% IFRS 1021 have. IMN.n followt)d, subjert tu any material departures disc105ed and explained in the financial statementS- prepare the linancial siaiemenis on the going concem basis unless It is inappropriaie to presume that the chariiy will continue in business. The Trusiees are responsible lor keepin8 adequaie accouniing recoids ihai are suflicieni 10 show and explain Ihe charity's tran5aclions and disclose with reasonable accuracy al any time the financial position ol the chariiy and enable them to ensure Ihat the financial 51atemenls comply wilh the Charitie5 Ad 2011, Ihe Charity IAciount5 and Reports) Regulaiions 2008 and The provisions ol ihe Trusi deed. They are also resFK>nsible for saleguar(ling ihe a4%el ol the charity and hence lor takin8 reasonable steps for the prevention and delection of fraud aiid other irre8ularilies. Approved by order ol Ihe members ol the board ol Trusiees on 19 December 2025 and signed on their behalf by: IAN KARET Page 3 Jerr Michael y Jerry Michael (Dec 23, 2025, 9:13am) NATHAN KARET CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2025 Unrestrided funds 2025 Totsl funds 2025 Total funds 2024 Noie Income from: Invesimenis 41,248 41,248 36,220 Expenditure on.. Charilablo. artivilies 71.120 71,120 62,863 Other reco8nised 8ain5111055e51- ILosse511gains on revaluaiion ol fixed asseis 11.7841 11,7841 50,949 Nèt movement in fLtnds 131,6561 13 1,6561 24,306 Reconciliation of funds.. Toial ILinds broughi forward Net movement In funds 2,095,244 131,6561 2,095,244 13 1,6561 2,070,938 24,306 Total funds carried forward 2,063,588 2,063,588 2,095,244 The Staiemenl ol financial acliviiies includes all Bains and losses recognised in the year. The notes on page$ 7 to l O forn) part ol ihese financial Siatements. Page 5 NATHAN KARET CHARITABLE TRUST BALANCE SHEET AS AT 5 APRIL 2025 2025 2024 Nole Fixed a55ets Investments 672,407 654,832 672.407 654,832 Current assets Cash at bank and in hand 1,392,801 1,441,912 1.392.801 ,441.912 Current liabilities Crediior4.' amoun1% falling due wiihin one year 11.6201 11.5001 Net current assets 1,391.181 1,440,412 Total assets less current liabilities 2,063.588 2,095,244 Net assets excluding pension asset 2,063,588 2,095,244 Total net a5set5 2,063,588 2,095,244 Charity funds Re%iricted funds UnreslriLted funds 2,063,588 2,095,244 Total lund5 2.063,588 2,095,244 The financial statements were approved and auihorised for issue by the Tnjstees on 19 D￿ember 2025 and signed on their behalf by.. i.. L..4 IAN KARET The nutes on pages 7 to l O fomi Pdrt ol ihe5e financial 514ltements. Page 6 NATHAN KARET CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025 ACCOUNTING POLICIES 1.1 BASIS OF PREPARATION OF FINANCIAL STATEMENTS The financial siaiements have been prepared in accordance with the Charilies SORP IFRS 1021 Accounting and Reporting by Charities.. Stalement of Recommended Practice applicable to charilie preparing their account5 in accordance with the Financial Reporting Standaid applicable in the UK and Republic ol Ireland IFRS 1021 leffeuive I january 20151, Ihe Financial Reporting Sidn(Idr(l applicable in the UK and Republic of Ireland IFRS 1021 and the Charities Act 2011. The f¢nancial staiemenis have been prepared io give a 'tiue and fair, view and have departed from the Charities (Accounts and Reports) Regulalions 2Iicy. 1.2 INCOME All inr.umv 1% rer(Tr8nised onrp Ihp charity has enliilvmpnt l(> ihp in<'(Trmv., il 14 priibdblv thdt th* inL(Trme will bv rvceived and ihv amount of income ier.pivablv can bp medsurf4 rvlidbly. Income lax recoverable in relation to investment incorne is reco8nised al the time the inveslmenl incorne is receivable. 1.3 EXPENDITURE Expendilure is reco8nised once Ihere is a legal or Con￿ru￿1ve obligatlon to Iransler economic benefit to a third party, il is probable Ihal a Iransfer ol economic benelils will be required in seiilement and the amaunl of Ihe oblisalion can be measurEYI reliably. Exppndilure 15 cla55ified by activity. Thp rasts nl each aclivily a￿ made up ol the total ol dired (0515 and shared c0515. iniludin8 SUPPOrt C05t5 involved in undertakin8 each aclivily. Dired cosls altributable lo a single adivity are allocaied directly lo that aclivity. Shared c0515 which coniribute to more ihan one activity and 5UPPOrt cost5 which are not atiributable to a single artivity are ap￿rtIoned be￿een those activitie5 on a ba515 con515tent with the use of resources. Central staff c051s are allocated on the basis ol time spent, and depreciation charges allocated on the portion ol ihe a55et'5 Use. Expenditure on charitable activilies is incurred on directly undertaking the activities which further the charity'5 objective5. a5 well a5 any a550ciated 5UPPOrt C05tS. All expenditure is inclusive ol irrecoverable VAT. 1.4 INVESTMENTS Fixd assei investments a￿ a fomi ol financial insirumeni and are initially recognised at their transaction C05t and 5ub5equently measured at fair value al the balance sheet date, unless ihe value cannot be measured reliably in which case il is measured at C051 le55 impairtnent. Inve51ment gdin5 and 1055e5, whether realised or unrealised. are o)mbine(l and presenied as 'GaindlLossesl on investments, in the 5taternent of financial activitie5. Page 7 NATHAN KARET CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025 ACCOUNTING POLICIES ICONTINUEDI 1.5 CASH AT BANK AND IN HAND Cash ai bank and in hand includes cash and short-ierm highly liquid invesimenis wilh a short maiuriiy ol three months or le55 from the date o( acquisition or opening of the deposlt or similar account. 1.6 LIABILITIES AND PROVISIONS Liabilities are recognised when there is an obligation at the balance 5heei date as a re5vIt ol a past event, il 15 probable thal ¢1 Irdll5fer of economic benefit will be required in setileTnenl, dnd the dmounl ol the 5ettlemeni can be eslimated reliably. Liabilities are retognised at the amount thai the charity anticipates it will pay 10 settle the debi or the amount it has received as advanced paymenis for ihe 8(￿$ or setwices il must provide. Provisiuns are med5ured ai Ihe be51 estimate ol the amoun15 required 10 Settle the Dbligation. Where the ellecl ol Ihe lime value ol money is maierial, the provision is based on Ihe preseni value ol those amounts, discounte(l al the pr￿taK discounl rate that reflects the risk5 specific io ihe liability. The unwinding ol the discount is ￿￿OgnIsed in Ihe stalemeni o( financial a¢iivilie5 35 a finanre c05t. 1.7 FINANCIAL INSTRUMENTS The charity only has financial 35seis and financial liabililies vf a kind thai qudlify ds bagiL financial inslrumenis. Basic financial inslrumenis are iniiially recognised ai iransauion value and sub%equonily measvred al their seiilemenl value wtih the exception ol bank loans which are subsequently measured at amortised co51 using the elfeciive Inle￿51 mdhod. 1.8 FUND ACCOUNTING General funds are un￿tr1ded funds which are available for use at the dis(relion ol the Trusiees in furtherance ol the 8eneral objeuives ol the charity and which have not been designated lor other purposes. Investment income, gains and10sses are allocated to the appropriate hJnd. INVESTMENT INCOME Unre5tricied lunds 2025 Total fund5 2025 Total funds 2024 Income from investments 41,248 41.248 36,220 Page 8 NATHAN KARET CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025 ANALYSIS OF EXPENDITURE ON CHARITABLE A￿1VITIEs Summary by fu￿1 type Unrestricted (und5 2025 Total 2025 Total 2024 Donations to other charities Accountanry and oiher cost5 69.5(M) 69.500 61,303 1.620 1,620 1,560 71.120 71,120 62,863 TRUSTEES, REMUNERATION AND EXPENSES During the year, no Trvslee5 received any refflvneralion or oiher benefits12024- £NILI. Durin8 the year e.nded 5 April 2025. no TTUStee expe.nse.s have bee.n inr.urred 12024- £NILI. FIXED ASSET INVESTMENTS Listed inve51ments COST OR VALUATION Al 6 April 2024 Additions Revaluations 654,832 19,360 11,7841 AT 5 APRIL 2025 672,407 NET BOOK VALUE AT 5 APRIL 2025 672,407 AT 5 APRIL 2024 654,832 Page 9 NATHAN KARET CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025 CREDITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Accruals and defe.rred income 1,620 1,500 STATEMENT OF FUNDS STATEMENT OF FUNDS- CURRENT YEAR Balance at 6 April 2024 Gains1 IL05se51 Balance at 5 April 2025 Incoffle Expenditure UNRESTRicfED FUNDS General Funds- all funds 2.095,244 41.248 171.1201 2,063,588 Page 10 nable Issuer Baginsky Cohen Documant gan8rat8d Mon. 22nd Oec 2025 15.'32:55 GMT Documont flng¢rprlnt e2a9d41205f6462bd1da4a20559298c2 Partles involvad wlth th58 doeumènt Documont proc•ss•d Party + Flngorprint Mon, 22nd Dec 2025 17'.45.'01 GMT lan Karet- Signer Ic8398d60&idd14c2d4d8ca98878b983dl Jery Michael - Copied In11b72d1787222fK404c3c8ca7842478951 Mon, 22nd De¢ 2025 17'.45.'02 GMT AudSt hlstory log Dato A¢tlon Mon. 22nd Dec 2025 15..32..55 GMT Envelope generated by Sayeeb Uddin181.137.243.195 Mon, 22nd Dec 2025 15'.32.'55 GMT Document generated with fingerprinl e289d41205f6462bd1da4a20559298c2181.137.243.195 Mon, 22nd De¢ 2025 15'.32.'55 GMT Document generated with fingerprinl 3679056ac8be896e140378a039ebO¢70 {81.137.243.1951 Mon, 22nd De¢ 2025 15'.36.'00 GMT Sent the envelope lo lan Karet lian.karel@Linklaters.coml for signing 181.137.243.195) Mon, 22nd Dec 2025 15'.36.'01 GMT Doojment emailed to ian.karet@Linklaters.com Mon. 22nd Dec 2025 17..34..49 GMT lan Ka￿1 opened the documenl email. {86.182.217.361 Mon, 22nd Dec 2025 17'.34'.55 GMT lan Karet opened the document email. {86.182.217.361 Mon, 22nd Dec 2025 17..44..20 GMT lan Ka￿t opene(I the (Jocumenl email. {86.182.217.361 Mon, 22nd Dec 2025 17'.44'.24 GMT lan Karel viewed ihe envelope186.182.217.361 Mon, 22nd Dec 2025 17'.44".27 GMT lan Karet viewed the envelope198.83.91.2381 Mon. 22nd Dec 2025 17'.45.'01 GMT lan Karel signed the envelope186.182.217.361 Mon, 22nd De¢ 2025 17'.45.'02 GMT Sent the envelope tr) Jerry Mithael Oery@baginskycohen.¢oml for signing {86.182.217.361 Mon, 22nd Dec 2025 17'.45.'02 GMT This envelope has been signed by all parties186.182.217.36) Mon, 22nd Dec 2025 17'.45..02 GMT Signed document confirmation ernailed to ian.karel@Linklalers.com {86.182.217.361 Mon, 22nd De¢ 2025 17..45..02 GMT Signed docuwnenl confirmation ernailed to jerry@baginskycohen.ts)m {86.182.217.361 Mon, 22nd De¢ 2025 17..45 02 GMT Signed do(xJmenl ¢onfim)ation emails have been sent to 811 p8rties. Dwjment URL.. ## **Issuer** **Issuer** Baginsky Cohen **Document generated** Tue, 23rd Dec 2025 9:11:27 GMT **Document fingerprint** 1e358eb090a0b1b5ddd53ad2586b417e ## **Parties involved with this document** ## **Document processed** ## **Party + Fingerprint** Tue, 23rd Dec 2025 9:13:15 GMT Jerry Michael - Signer (c2cea3b7ec81d25f114fb22c7cdbe834) ## **Audit history log** ## **Date** ## **Action** Tue, 23rd Dec 2025 9:11:27 GMT Tue, 23rd Dec 2025 9:11:28 GMT Tue, 23rd Dec 2025 9:12:38 GMT Tue, 23rd Dec 2025 9:12:45 GMT Tue, 23rd Dec 2025 9:13:04 GMT Tue, 23rd Dec 2025 9:13:07 GMT Tue, 23rd Dec 2025 9:13:15 GMT Tue, 23rd Dec 2025 9:13:15 GMT Tue, 23rd Dec 2025 9:13:15 GMT Tue, 23rd Dec 2025 9:13:15 GMT Envelope generated by Jerry Michael (81.137.243.195) Document generated with fingerprint 1e358eb090a0b1b5ddd53ad2586b417e (81.137.243.195) Sent the envelope to Jerry Michael (jerry@baginskycohen.com) for signing (81.137.243.195) Document emailed to jerry@baginskycohen.com Jerry Michael opened the document email. (81.137.243.195) Jerry Michael viewed the envelope (81.137.243.195) Jerry Michael signed the envelope (81.137.243.195) This envelope has been signed by all parties (81.137.243.195) Signed document confirmation emailed to jerry@baginskycohen.com (81.137.243.195) Signed document confirmation emails have been sent to all parties. Document URL: https://api.signable.app/shareable/envelope?t=e94e2cfd-3dbe-427f-b2c4-3 3c05a8426eb (81.137.243.195)