Charity registration number 326424 (England and Wales)
BONAMY CHARITABLE TRUST
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
BONAMY CHARITABLE TRUST
LEGAL AND ADMINISTRATIVE INFORMATION
| Trustees | Mr M Moryoussef | |
|---|---|---|
| Mr Y R Moryoussef | ||
| Mr J Moryoussef | ||
| Charity registration | England and Wales | 326424 |
| Principal address | Albany House | |
| 7-17 Church Street | ||
| WILMSLOW | ||
| SK9 1AX | ||
| Independent examiner | Lopian Gross Barnett & Co | |
| 1st Floor, Cloister House | ||
| Riverside | ||
| New Bailey Street | ||
| Manchester | ||
| M3 5FS |
BONAMY CHARITABLE TRUST
CONTENTS
| Page | |
|---|---|
| Trustees' report | 1 - 2 |
| Independent examiner's report | 3 |
| Statement of financial activities | 4 |
| Balance sheet | 5 |
| Notes to the financial statements | 6 - 12 |
BONAMY CHARITABLE TRUST
TRUSTEES' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2025
The trustees present their annual report and financial statements for the year ended 31 December 2025.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Charities Act 2011 and "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
The principal objectives of the charity all of which are for the public benefit are:
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the advancement of the Jewish faith and Jewish education;
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the relief of general poverty and providing assistance to needy individuals; and
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providing for the general welfare of the Jewish community.
Each year the trustees review the charity's objectives and activities to ensure they continue to reflect the charity's aims. In carrying out this review the trustees have had due regard to the Charity Commissions general guidance on public benefit and in particular its supplementary public guidance on the advancement of religion for public benefit.
The principal activities during the year were those of a charity working for the public benefit and included making investments and making charitable donations. Having paid due regard to guidance issued by the Charity Commission, the trustees have identified a number of charities which carry out activities with which they sympathise. Grants are given on application to the trustees by these or similar charities or by individuals who are judged to be deserving of charitable support.
Achievements and performance
The charity has continued to distribute funds to other charities and charitable causes during the year.
Financial review
During the year under review, the charity received donations of £200,000, had investment income of £14,244 with the investments increasing in value by £46,647. This gave the charity resources of £250,150 after governance and other costs of £6,057. Distributions totalling £199,739 were made to other charities and institutions in accordance with the objectives of the charity resulting in an increase of its opening funds of £524,230 by £51,411 to £575,641 at the end of the year.
The charity's funds were mainly invested on a low risk basis in income producing assets. The charity has adequate resources to continue distributing funds in accordance with its objectives.
Reserves are maintained in cash and quoted shares to ensure that the charity has funds available for any urgent requests and sufficient resources for investment to generate income in the future.
It is the policy of the charity that unrestricted funds which have not been designated for a specific use or been allocated for investment should be maintained at a level to ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised.
The trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the charity, and are satisfied that systems are in place to mitigate exposure to the major risks.
Structure, governance and management
The Bonamy Charitable Trust is constituted by a Deed of Trust dated 12 September 1983 and is a charity (no. 326424) registered with the Charity Commission.
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BONAMY CHARITABLE TRUST TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Th8 trustees who seNed during the year and up lo Ihe dai8 of signature of the financial statements were: Mr M Moryoussef Mr Y R Moryouss8f Mr J Moryoussef Thè day to day administration ol the charity is carried on by the Irustees. All major decisions are tsken colthtwsly by Ihe tJU8teg8. Any r8cruitmenl and appointment of new trustees would be in line wlh the Trust Deed arKI vrith the corwnt of the èxisting truste¢s. Th& ¢ritoria s¢t a suitable candhaate would be Someo is sensitive to the needs of the ch8rity. In accordance with the Trust Deed. the twstees havè thè powwto invast In stocks. sharas. inv8stmenls and property in the UK a5 they se& fit. The trustees b81i8vè that th8 rrf0M8nc8 OfintM8ntS during the year has been Satisfact and has allowed them lo meet the charit$ objgclives. The trugtÉÉs hav& absolutè IltsCtiOn in determinirvj the selection of investments for the charity. On behalf ol the board of trustees Moryoussef Trusts8 D*ed. ...6..fd 1.16
BONAMY CHARITABLE TRUST
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BONAMY CHARITABLE TRUST
I report to the trustees on my examination of the financial statements of Bonamy Charitable Trust (the charity) for the year ended 31 December 2025.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011.
I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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1 accounting records were not kept in respect of the charity as required by section 130 of the Charities Act 2011.
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2 the financial statements do not accord with those records; or
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3 the financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements 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 financial statements to be reached.
Jonathan Brodie FCA
Lopian Gross Barnett & Co 1st Floor, Cloister House Riverside New Bailey Street Manchester M3 5FS
06/08/2026 Dated: .........................
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BONAMY CHARITABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2025
| Unrestricted | Unrestricted | ||
|---|---|---|---|
| funds | funds | ||
| 2025 | 2024 | ||
| Notes | £ | £ | |
| Income from: | |||
| Donations and legacies | 3 | 200,000 | 210,000 |
| Investments | 4 | 14,244 | 22,803 |
| Total income | 214,244 | 232,803 | |
| Expenditure on: | |||
| Raising funds | 5 | 4,055 | 3,832 |
| Charitable activities | 6 | 201,741 | 226,461 |
| Total expenditure | 205,796 | 230,293 | |
| Net gains on investments | 12 | 42,963 | 8,980 |
| Net income and movement in funds | 51,411 | 11,490 | |
| Reconciliation of funds: | |||
| Fund balances at 1 January 2025 | 524,230 | 512,740 | |
| Fund balances at 31 December 2025 | 575,641 | 524,230 |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
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BONAMY CHARITABLE TRUST BALANCE SHEET AS AT 31 DECEMBER 2025 2025 2024 Notès Fixed assets Investments 14 478.753 427,983 Current assets Debtors Cash al bank and in hand 15 20.950 78.448 45,950 52,817 99,398 98,767 Cradltors: amounts falllng due wSthln onè yèar 16 12,5101 12,520} Net current assots 96,888 96,247 Total assets l•ss ¢urr•nt Ilabllltl•s 575.641 524.230 The funds of the eharity Unrestricted funds 17 575.641 524.230 575,641 524,230 The flnanclal statements were approved by the trustees on Trust•8
BONAMY CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
1 Accounting policies
Charity information
The Bonamy Charitable Trust is constituted by a Deed of Trust dated 12 September 1983 and is a charity (No. 326424) that is registered with the Charities Commission.
1.1 Basis of preparation
The financial statements have been prepared in accordance with the charity's governing document, the Charities Act 2011 and "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)". The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
1.2 Going concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.
1.4 Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
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BONAMY CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025
1 Accounting policies
(Continued)
Investment gains and losses
Investment gains and losses include any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year.
1.5 Expenditure
Liabilities are recognised on an accruals basis as soon as there is a legal or constructive obligation committing the charity to pay out resources.
1.6 Fixed asset investments
Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.
1.7 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.8 Financial instruments
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Derecognition of financial liabilities
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
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BONAMY CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025
2 Critical accounting estimates and judgements
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The 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 where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
3 Income from donations and legacies
| Unrestricted | Unrestricted | ||
|---|---|---|---|
| funds | funds | ||
| 2025 | 2024 | ||
| £ | £ | ||
| Donations and gifts | 200,000 | 210,000 | |
| 4 | Income from investments |
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2025 | 2024 | |
| £ | £ | |
| Income from listed investments | 12,330 | 11,445 |
| Other income | 1,914 | 11,358 |
| 14,244 | 22,803 | |
| Expenditure on raising funds | ||
| Unrestricted | Unrestricted | |
| funds | funds | |
| 2025 | 2024 | |
| £ | £ | |
| Investment management | 4,055 | 3,832 |
5 Expenditure on raising funds
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BONAMY CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025
6 Expenditure on charitable activities
| Direct costs Bank charges Grant funding of activities (see note 7) Share of support and governance costs (see note 8) Governance Analysis by fund Unrestricted funds 7 Grants payable Grants to institutions: Jewish outreach and continuity Jewish welfare General poverty and welfare Jewish education Synagogues Grants to individuals Material grants were made to the following bodies in the following amounts: |
Grant funding 2025 £ 260 199,739 1,742 201,741 201,741 2025 £ 61,920 93,332 2,134 3,600 38,753 199,739 - 199,739 |
Grant funding 2024 £ 257 223,324 2,880 226,461 226,461 2024 £ 53,820 103,326 16,000 22,850 14,978 210,974 12,350 223,324 |
|---|---|---|
The Fed Community Care- £20,000 United Jewish Israel Appeal- £30,000 Focus Foundation- £10,000 Aish UK- £10,000 Hatzalah - £10,000 Manchester Maccabi- £10,440
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BONAMY CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025
8 Support costs allocated to activities
| 8 | Support costs allocated to activities | ||
|---|---|---|---|
| 2025 | 2024 | ||
| £ | £ | ||
| Governance costs | 1,742 | 2,880 | |
| Analysed between: | |||
| Grant funding | 1,742 | 2,880 | |
| Governance costs includes payments to the auditors of £1,742 (2024 - | £2,880) for the | independent | |
| examination. | |||
| 9 | Net movement in funds | 2025 | 2024 |
| £ | £ | ||
| The net movement in funds is stated after charging/(crediting): | |||
| Fees payable for the independent examination of the charity's financial | |||
| statements | 2,510 | 2,520 |
10 Trustees
None of the trustees (or any persons connected with them) received any remuneration or expenses during the year.
11 Employees
The average monthly number of employees during the year was:
| The average monthly number of employees during the year was: | ||
|---|---|---|
| 2025 | 2024 | |
| Number | Number | |
| Total | - | - |
| There were no employees whose annual remuneration was more than £60,000. |
12 Gains and losses on investments
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2025 | 2024 | |
| Gains/(losses) arising on: | £ | £ |
| Revaluation of investments | 45,204 | 7,157 |
| Sale of investments | (2,241) | 1,823 |
| 42,963 | 8,980 |
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BONAMY CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025
13 Taxation
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
14 Fixed asset investments
| Cost or valuation At 1 January 2025 Additions Valuation changes Disposals At 31 December 2025 Carrying amount At 31 December 2025 At 31 December 2024 15 Debtors Amounts falling due within one year: Other debtors 16 Creditors: amounts falling due within one year Accruals and deferred income |
Listed investments £ 427,983 73,176 45,203 (67,609) 478,753 478,753 427,983 2025 2024 £ £ 20,950 45,950 2025 2024 £ £ 2,510 2,520 |
|---|---|
17 Unrestricted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
| At | 1 | January | Incoming | Resources | Gains and | At 31 | |
|---|---|---|---|---|---|---|---|
| 2025 | resources | expended | losses | December | |||
| 2025 | |||||||
| £ | £ | £ | £ | £ | |||
| General funds | 524,230 | 214,244 | (205,796) | 42,963 | 575,641 |
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BONAMY CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025
| 17 | Unrestricted funds | (Continued) | ||||
|---|---|---|---|---|---|---|
| Previous year: | At 1 January | Incoming | Resources | Gains and | At 31 | |
| 2024 | resources | expended | losses | December | ||
| 2024 | ||||||
| £ | £ | £ | £ | £ | ||
| General funds | 512,740 | 232,803 | (230,293) | 8,980 | 524,230 |
18 Related party transactions
At the year end, the Trust was owed £20,950 (2024: £15,000) by the Comfy Quilts Pension, a related party. Both entities share the same Trustees.
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