**REGISTERED CHARITY NUMBER: 326093** ## **Report of the Trustees and** **Unaudited Financial Statements for the Year Ended 31 March 2025** ## **for** ## **The Storz Charitable Trust** A Heller FCA 5 North End Road London NW11 7RJ **The Storz Charitable Trust** **Contents of the Financial Statements for the Year Ended 31 March 2025** |||**Page**|| |---|---|---|---| |**Report of the Trustees**||1|| |**Independent Examiner's Report**||2|| |**Statement of Financial Activities**||3|| |**Balance Sheet**||4|| |**Notes to the Financial Statements**|5|to|10| |**Detailed Statement of Financial Activities**||11|| **The Storz Charitable Trust** **Report of the Trustees for the Year Ended 31 March 2025** The trustees present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: 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) (effective 1 January 2019). ## **OBJECTIVES AND ACTIVITIES Objectives and aims** To or the benefit of such charitable institutions as the trustees may think fit in particular but not exclusively for the relief of poverty hardship and distress the relief of the sick and handicapped and the advancement of education. ## **Public benefit** The trustees confirm their compliance with the duty to have due regard to the public benefit guidance published by the Charity Commission when reviewing the charity's aims and objectives and in planning future activities. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document** The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity. ## **Risk management** The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. ## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number** 326093 ## **Principal address** 30 Russell Gardens Golders Green Road London NW11 9NL ## **Trustees** Mrs M Erlich E Storz ## **Independent Examiner** Mr A Heller FCA A Heller FCA 5 North End Road London NW11 7RJ Approved by order of the board of trustees on ............................................. and signed on its behalf by: ........................................................................ E Storz - Trustee Page 1 **Independent Examiner's Report to the Trustees of The Storz Charitable Trust** ## **Independent examiner's report to the trustees of The Storz Charitable Trust** I report to the charity trustees on my examination of the accounts of The Storz Charitable Trust (the Trust) for the year ended 31 March 2025. ## **Responsibilities and basis of report** As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act'). I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act. ## **Independent examiner's statement** Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies. I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Mr A Heller FCA A Heller FCA 5 North End Road London NW11 7RJ Date: ............................................. Page 2 **The Storz Charitable Trust** ## **Statement of Financial Activities for the Year Ended 31 March 2025** |31.3.25
Unrestricted
fund
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
218,750
Investment income
2
66,435
**Total**
285,185
**EXPENDITURE ON**
Raising funds
3
953
**Charitable activities**
4
Grants to institution
162,620
Other
2,004
**Total**
165,577
**NET INCOME**
119,608
**RECONCILIATION OF FUNDS**
Total funds brought forward
1,656,164
**TOTAL FUNDS CARRIED FORWARD**
1,775,772|31.3.24
Total funds
£
155,000
67,613| |---|---| ||222,613| ||746
204,866
2,020| ||207,632| ||14,981
1,641,183| ||1,656,164| The notes form part of these financial statements Page 3 **The Storz Charitable Trust** ## **Balance Sheet 31 March 2025** |31.3.25
Unrestricted
fund
Notes
£
**FIXED ASSETS**
Tangible assets
8
1,408,649
**CURRENT ASSETS**
Debtors
9
21,850
Cash at bank
348,503
370,353
**CREDITORS**
Amounts falling due within one year
10
(3,230)
**NET CURRENT ASSETS**
367,123
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
1,775,772
**NET ASSETS**
1,775,772
**FUNDS**
11
Unrestricted funds
1,775,772
**TOTAL FUNDS**
1,775,772|31.3.24
Total funds
£
1,408,649
21,850
230,495
252,345
(4,830)
247,515
1,656,164
1,656,164
1,656,164
1,656,164| |---|---| The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by: ............................................. E Storz - Trustee The notes form part of these financial statements Page 4 **The Storz Charitable Trust** **Notes to the Financial Statements for the Year Ended 31 March 2025** ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: 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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention. ## **Income** All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. ## **Expenditure** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure. ## **Tangible fixed assets** Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. ## **Taxation** The charity is exempt from tax on its charitable activities. ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. ## **2. INVESTMENT INCOME** |**INVESTMENT INCOME**||| |---|---|---| |Rents received
Deposit account interest|31.3.25
£
62,079
4,356
66,435|31.3.24
£
65,677
1,936| |||67,613| Page 5 continued... **The Storz Charitable Trust** ## **Notes to the Financial Statements - continued for the Year Ended 31 March 2025** |**3.**
**RAISING FUNDS**
**Investment management costs**
Insurance
**4.**
**CHARITABLE ACTIVITIES COSTS**
Grants to institution
**5.**
**GRANTS PAYABLE**
Grants to institution
During the year, grants to institutions amounted to £162,620 (2024: £204,866).
Tzedokah Vchesed
Chevras Mo'oz Ladol
Rowanville
Edgware Foundation
Friends of Tashbar
Beis Hatalmud Trust
Other donations < £6,000|31.3.25
£
953
31.3.25
£
162,620|31.3.24
£
746
Grant
funding of
activities
(see note
5)
£
162,620
31.3.24
£
204,866|31.3.24
£
746
Grant
funding of
activities
(see note
5)
£
162,620
31.3.24
£
204,866| |---|---|---|---| ||||26,770| ||||23,580| ||||12,000| ||||9,200| ||||7,500| ||||7,100| ||||76,470| ||||| ||||| ||||162,620| ||||| ||||| ## **6. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024. Page 6 continued... **The Storz Charitable Trust** **Notes to the Financial Statements - continued for the Year Ended 31 March 2025** ## **7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES** |**INCOME AND ENDOWMENTS FROM**
Donations and legacies
Investment income
**Total**
**EXPENDITURE ON**
Raising funds
**Charitable activities**
Grants to institution
Other
**Total**
**NET INCOME**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**
**8.**
**TANGIBLE FIXED ASSETS**
**COST OR VALUATION**
At 1 April 2024 and 31 March 2025
**NET BOOK VALUE**
At 31 March 2025
At 31 March 2024|Freehold
property
£
1,400,000
1,400,000
1,400,000|Fixtures
and
fittings
£
8,649
8,649
8,649|Unrestricted
fund
£
155,000
67,613
222,613
746
204,866
2,020
207,632
14,981
1,641,183
1,656,164
Totals
£
1,408,649
1,408,649
1,408,649|Unrestricted
fund
£
155,000
67,613
222,613
746
204,866
2,020
207,632
14,981
1,641,183
1,656,164
Totals
£
1,408,649
1,408,649
1,408,649| |---|---|---|---|---| |||||222,613| |||||746
204,866
2,020| |||||207,632| |||||14,981
1,641,183| |||||1,656,164| |||||Totals
£
1,408,649
1,408,649
1,408,649| |||||| |||||| continued... Page 7 **The Storz Charitable Trust** **Notes to the Financial Statements - continued for the Year Ended 31 March 2025** ## **8. TANGIBLE FIXED ASSETS - continued** Cost or valuation at 31 March 2025 is represented by: |Freehold
property
£
Valuation in 2017
750,174
Valuation in 2023
250,000
Cost
399,826
1,400,000
No depreciation is provided on tangible fixed assets.
**9.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Other debtors
**10.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Taxation and social security
Other creditors
**11.**
**MOVEMENT IN FUNDS**
At 1/4/24
£
**Unrestricted funds**
General fund
1,656,164
**TOTAL FUNDS**
1,656,164
Net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
285,185
**TOTAL FUNDS**
285,185|Fixtures
and
fittings
£
-
-
8,649
8,649
31.3.25
£
21,850
31.3.25
£
600
2,630
3,230
Net
movement
in funds
£
119,608
119,608
Resources
expended
£
(165,577)
(165,577)|Totals
£
750,174
250,000
408,475|Totals
£
750,174
250,000
408,475|Totals
£
750,174
250,000
408,475| |---|---|---|---|---| |||1,408,649||| |||31.3.24
£
21,850
31.3.24
£
600
4,230
4,830
At 31/3/25
£
1,775,772||31.3.24
£
21,850| |||1,775,772||| |||Movement
in funds
£
119,608
119,608||| ||||119,608|| continued... Page 8 **The Storz Charitable Trust** **Notes to the Financial Statements - continued for the Year Ended 31 March 2025** ## **11. MOVEMENT IN FUNDS - continued** **Comparatives for movement in funds** |At 1/4/23
£
**Unrestricted funds**
General fund
1,641,183
**TOTAL FUNDS**
1,641,183
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
222,613
**TOTAL FUNDS**
222,613|Net
movement
in funds
£
14,981
14,981
Resources
expended
£
(207,632)
(207,632)|At 31/3/24
£
1,656,164|At 31/3/24
£
1,656,164| |---|---|---|---| |||1,656,164|| |||Movement
in funds
£
14,981
14,981|| ||||14,981| A current year 12 months and prior year 12 months combined position is as follows: |**Unrestricted funds**
General fund
**TOTAL FUNDS**|At 1/4/23
£
1,641,183
1,641,183|Net
movement
in funds
£
134,589
134,589|At 31/3/25
£
1,775,772| |---|---|---|---| ||||1,775,772| A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: ||Incoming|Resources|Movement| |---|---|---|---| ||resources|expended|in funds| ||£|£|£| |**Unrestricted funds**|||| |General fund|507,798|(373,209)|134,589| |**TOTAL FUNDS**|507,798|(373,209)|134,589| continued... Page 9 **The Storz Charitable Trust** **Notes to the Financial Statements - continued for the Year Ended 31 March 2025** ## **12. RELATED PARTY DISCLOSURES** During the year the company received donations from one of the trustees. Page 10 **The Storz Charitable Trust** ## **Detailed Statement of Financial Activities for the Year Ended 31 March 2025** |**INCOME AND ENDOWMENTS**
**Donations and legacies**
Donations
**Investment income**
Rents received
Deposit account interest
**Total incoming resources**
**EXPENDITURE**
**Investment management costs**
Insurance
**Charitable activities**
Grants to institutions
**Support costs**
**Finance**
Bank charges
**Governance costs**
Accountancy
Total resources expended
**Net income**|31.3.25
£
218,750
62,079
4,356
66,435
285,185
953
162,620
204
1,800
165,577
119,608|31.3.24
£
155,000
65,677
1,936| |---|---|---| |||67,613| |||222,613
746
204,866
220
1,800| |||207,632| |||14,981| This page does not form part of the statutory financial statements Page 11