CHARrrY REGISTRATION NUMBER: 326581
The Viznitz (Keren Nitzchi) Foundation
Unaudited Financial Statements
31 March 2024
CO.L
Chartered accountants
Hallswelle House
1 Hallswelle Road
London
England
NW11 ODH

The Viznitz (Keren Nitzchi) Foundation
Financlal Statements
Year ended 31 March 2024
Page
Trustee's annual report
Independent examinerfs report to the trustee
ststement of financial activities
Statement of financial position
Notes to the financial statements
The following pages do not form part of the financial statements
Detailed statement of financial activities
14
Notes to the detailed statement of financial activities
15

The Viznitz (Keren Nitzchi) Foundation
Trustee's Annual Report
Year ended 31 March 2024
The trustee presents his report and the unaudited financial statements of the charity for the year ended
31 March 2024.
Reference and administrative detalls
Reglstered charity name
The Viznitz (Keren Nitzchi) Foundation
Charity registratlon numb•r
326581
Prlnclpal office
23 Overlea Road,
London,
E5 9BG
The trustee
Mr S Feldman
Independent examiner
Dr P.P.Smulovitch
Hallswelle House
1 Hallswelle Road
London
England
NW11 ODH
Structure, governanG• and management
The trust deed authorises the governors to make and hold investments.
In light of current economic conditions the trustees consider it prudent to continue thelr existing
investment policy. such policy being the investment of surplus funds on the money market.
The Governors have considered the guidance published by the Charity Commission and believe that
the charity in carrying out its objectives. fully Complies with these requirements.
The appointment and recruitment of new Governors is laid out in the Charivs Memorandum and
Articles of Association. New Governors would be trained as deemed appropriate.
Objectives and actlvlties
The objects of the charity are to pay and apply and appropriate the whole of the Trust Fund to those
purposes both in the United Kingdom and abroad recognised as charitsble by English Law and in
accordance with the trust deed and the wishes of the Grand Rabbi of Viznilz.
In furtherance of its objects the chartitable trust continued to fund and support the parent and other
associated and affiliated Viznitz Institutions.
The charity is organised so that the Governors meet regularly to manage its affairs. There are no paid
employees and all adminstration work is carried out on a voluntsry basis by the Governors.
Strategic report
The following sections for achievements and performance and financial review form the strategic
report of the charity.

The Viznitz (Keren Nitzchi) Foundation
Trustee's Annual Report (contlnued)
Year ended 31 March 2024
A¢hiovem•nts and performanc•
The results of these activities during the year are reflected in the attached accounts.
Financial revlew
The trustees are responsible for the preparation of the financial statements for each financial year and
for keeping proper accounting records.
The financial position is as refiected in the attached Balance Sheet.
RESERVES POLICY
The trustees consider that prudence demands that they retain sufficient reserves to be able to carry
out the objects of the charity from income generated on a year by year basis. taking into account both
the level of income received and expenditure incurred over a representative period of time.
RISK MANAGEMENT
The Governors have assessed the major risks to which the charity is exposed and are satisfied that
systems are in place to mltigate such risks.
PUBLIC BENEFIT
The Governors have considered the guidance published by the Charity Commission and believe that
the charity in carrying out its objectives. fully complies with these requirements.
Plans for future periods
The governors, objectives for the future are to continue to carry out the activities as detailed in their
report.
The trustee's annual report was approved on 4 February 2025 and signed on behalf of the board of
trustees by:
Mr S Feldman
Trustee

The Viznitz (Keren Nitzchi) Foundation
Independent Examiner's Report to the Trustee of The Viznits (Keren Nitzchi)
Foundation
Year ended 31 March 2024
I report to the trustee on my examination of the financial statements of The Viznitz {Keren Nitzchi)
Foundation ('the chariw) for the year ended 31 March 2024.
Responsibilities and basis of report
As the trustee of the charity you are responsible for the preparation of the financial statements in
accordance with the requirements of the Charities Act 2011 (fthe Act.).
I report in respect of my examination of the charitys financial statements Ca￿led out under section 145
of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given
by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement - matter of concern identified
Since the charitys gross income exceeded £250.000 your examiner must be a member of a body
listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination
because l am a member of the Institute of Chartered Accountants in England and Wales (ICAEW),
which is one of the listed bodies.
l am qualified to undertake the examination by being a qualified member of the Institute of Chartered
Accountants in England & Wales.
I confirm that no other matters have come to my attention in conneGtion with my examination giving me
cause to believe that in any material respect:
accounting records were not kept in respect of the charty as required by section 130 of the
Act; or
the financial statements do not accord with those records,. or
the financial statements do not comply with the applicable requirements Con￿rning 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 confirm that there are no other matters to which your attention should be drawn to enable a proper
understanding of the accounts to be reached.
Dr P.P.Smulovitch
Independent Examiner
Hallswelle House
1 Hallswelle Road
London
England
NW11 ODH

The Viznitz (Keren Nitzchi) Foundation
Statement of Flnancial Activities
Year ended 31 March 2024
2024
Unrestricted
funds Total funds Total funds
2023
Note
Income and endowments
Donations and legacies
Investment income
340,000
74
340,000
74
30.000
10
Total income
340,074
340,074
30.010
Expendlture
Expenditure on raising funds-
Costs of raising donations and legacies
Expenditure on charitable activities
Total expenditure
324,823
784
324.823
784
35,228
1,404
36,632
325,607
325.607
Net incomel{expenditure) and net movement in funds
14,467
14.467
(6.622)
Reconclliation of funds
Total funds brought forward
Total funds carried forward
(4,836)
9,631
(4,836)
9,631
1,786
(4,836)
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 6 to 12 form part of these financial slat8m8nts.

The Viznitz (Keren Nitzchi) Foundation
Statement of Financial Position
31 March 2024
2024
2023
Fixed assets
Investments
12
100
100
Current assets
Debtors
Cash at bank and in hand
13
1.000.053
6.919
1.000,049
8,698
1,006,972
1,008,747
Creditors: amounts falllng due within one year
Net current assets
14
997,441
1.013,683
{4,936)
{4,836)
9,531
9,631
Total assets less current liabilities
Funds of the charity
Unrestricted funds
9,631
{4,836)
{4,836)
Total charity funds
15
9,631
These financial statements were approved by the board of trustees and authorised for issue on 4
February 2025. and are signed on behalf of the board by:
Mr S Feldman
Trustee
The notes on pages 6 to 12 form part of these financial statements.

The Viznitz (Keren Nitzchi) Foundation
Notes to the Financial Statements
Year ended 31 March 2024
Gen¢ral Information
The charity is a public benefit entity and a registered charity in England and Wales and is
unincorporated. The address of the principal office is 23 Overlea Road. London. E5 9BG.
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) (Chartties
SORP (FRS 102)) and the Charities Act 2011.
A￿UntIng policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modrfied by the
revalualion of certain financial assets and liabilities and investment properties measured at fair
value through income or expenditure.
The financial statements are prepared in sterling. which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charitys ability to continue.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements,
estimates and assumptions that affect the amounts reporteiy. These estimates and judgements
are continually reviewed and are based on experience and other factors. including expectations of
future events that are believed to be reasonable under the circumstances.
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.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the
charitys purposes.
Designated funds are unrestricted funds earmarked by the trustee for particular future project or
commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or
through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or
endowment funds.

The Viznitz (Keren Nitzchi) Foundation
Notes to the Financial Statements (continued)
Year ended 31 March 2024
Accounting policies (contlnued)
Incomlng resources
All incoming reSoUr￿S are included in the statement of financial activities when entitlement has
passed to the ¢harity-, it is probable that the economic benefits associated with the transaction will
flow to the charty and the amount can be reliably measured. The following specific policies are
applied to particular categories of income..
income from donations or grants is recognised when there is evidence of entit5ement to the
gift, receipt is probable and its amount can be measured reliably.
legacy income is recognised when receipt is probable and entitlement is established.
income from donated goods is measured at the fair value of the goods unless this is
impractical to measure reliably, in which case the value is derived from the cost to the donor
or the estimated resale value. Donated facilfrties and services are recognised in the accounts
when received if the value can be reliably measured. No amounts are included for the
contribution of general volunteers.
income from contracts for the supply of serVI￿S is recognised with the delivery of the
contracted service. This is classified as unrestricted funds unless there is a contractual
requirement for it to be spent on a particular purpose and returned rf unspent, in which case
it may be regarded as restricted.
Resources exp•ndad
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 raising funds includes the costs of all fundraising activities. events. non-
charitable trading activities. and the sale of donated goods.
expenditure on charitable activities includes all ￿St$ 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.
other expenditure includes all expenditure that is neither related to raising funds for the
charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories refiecting 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.
Invastments
Unlisted equity investments are initially recorded at cost. and subsequently measured at fair
value. If fair value cannot be reliably measured, assets are measured at cost less impairment.
Listed investments are measured at fair value with changes in fair value being recognised in
income or expenditure.

The Viznitz (Keren Nitzchi) Foundation
Notes to the Financial Statements (contlnuedj
Year ended 31 March 2024
A¢counting policiès (continu
Investments In associates
Investments in associates accounted for in accordance with the cost model are recorded at cost
less any aGcumulated impairment losses.
Investments in associates accounted for in accordance wtth the fair value model are initially
recorded at the transaction price. At each reporting date. the investments are measured at fair
value. with changes in fair value taken through income or expenditure. Where it is impracticable
to measure fair value reliably without undue cost or effort. the cost model will be adopted.
Dividends and other distributions received from the investment are recognised as income withoul
regard to whether the distributions are from accumulated profits of the associate arising before or
after the date of acquisition.
Investments in joint vontures
Investments in jointly controlled entities accounted for in accordance with the cost model are
recorded at cost less any accumulated impairment losses.
Investments in jointly controlled entities accounted for in accordance with the fair value model are
initially recorded at the transaction price. At each reporting date, the investments are measured at
fair value. with changes in fair value tsken through income or expenditure. Where it is
impracticable to measure fair value reliably without undue Cost or effort. the cost model will be
adopted.
Dividends and other distributions received from the investment are recognised as income without
regard to whether the distributions are from accumulated profits of the joint venture arising before
or after the date of acquisition.
Impalrm•nt of flxed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable
amount being estimated where such indicators exist. Where the carrying value exceeds the
recoverable amount. the asset is impaired accordingly. Prior impairments are also reviewed for
possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable
amount of an individual asset, an estimate is made of the recoverable amount of the cash-
generating unit to which the asset belongs. The cash-generating unit is the smallest identrfiable
group of assets that includes the asset and generates cash inflows that largely independent of the
cash infiows from other assets or groups of assets.
For impairment testing of goodwill. the goodwill acquired in a business combination is. from the
acquisition date. allocated to each of the cash-generating units that are expected to benefit from
the synergies of the combination. irrespective of whether other assets or liabilities of the charity
are assigned to those untts.
Flnancial instruments
A financial asset or a financial liability is recognised only when the charity 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.

The Viznitz (Keren Nitzchi) Foundation
Notes to the Financial Statements (¢ontlnuéd)
Year ended 31 March 2024
Accounting pollcles (continued)
Flnancial instrurnents (condnued)
Current assets and current liabilities are subsequently measured at the cash or other
consideration expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
Where investments in shares are publicly traded or their fair value can otherwise be measured
reliably, the investment is subsequently measured at fair value with changes in fair value
recognised in income and expenditure. All other such investments are subsequently measured at
cost less impairment.
Other financial instruments. including derivatives, are initially recognised at fair value. unless
payment for an asset is deferred beyond normal business terms or financed at a rate of interest
that is not a market rate, in which case the asset is measured at the present value of the future
payments discounted at a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value, with any changes
recognised in the statement of financial activities, with the exception of hedging instruments in a
designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence
of impairment at the end of each reporting date. If there is objective evidence of impairment, an
impaimient loss is recognised under the appropriate heading in the statement of financial
8Ctivities in which the initial gain was recognised.
For all equity instruments regardless of significance, and other financial assets that are
individually significant. these are assessed individually for impairment. Other financial assets are
either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised immediately. to the extent that the reversal does not
result in a carrying amount of the financial asset that exceeds what the carying amount would
have been had the impairment not previously been recognised.
Donations and legacies
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Donations
Donations
340,000
340,000
30,000
30,000
Investment Income
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Bank interest receivable
74
74
10
10

The Viznitz (Keren Nitzchi) Foundation
Notes to the Financial Statements (conts'nuedj
Year ended 31 March 2024
Costs of raising donatlons and legacies
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Costs of raising donations and legacies
Donations
324,823
324823
35,228
35,228
Expenditure on charitable actlvities by fund type
Unrestricled Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Support costs
784
1,404
1,404
Expendituro on charitable activities by actlvlty type
Total funds
2024
Total fund
2023
Support costs
Governance costs
784
784
1,404
Net Incomel(oxpendlture)
Net incomel(expenditure) is stated after chargingl(crediting):
2024
2023
Foreign exchange differences
(716)
(139)
10. Independent examination fees
2024
2023
Fees payable to the independent examiner for:
Independent examination of the financial statements
1,500
1,500
11. Trustefr remuneration and oxponses
No remuneration or other benefits from employment with the charity or a related entity vRre
received by the trustees.
10-

The Viznitz (Keren Nitzchi) Foundation
Notes to the Financial Statements {￿ntInUed)
Year ended 31 March 2024
12. Inv•stm•nfs
Shares in
group
undertakings
Cost or valuation
At 1 April 2023 and 31 March 2024
Impainnent
At 1 April 2023 and 31 March 2024
Carrying amount
At 31 March 2024
100
100
At 31 March 2023
100
All investments shown above are held at valuation.
13. Debtors
2024
2023
Amounts owed by related undertakings
Other debtors
1.000,049
1.000,049
1,000,053
1,000,049
14. Creditors: amounts falling due withln one year
2024
2023
Amounts owed to group undertakings
Other creditors
991,429
6,012
997.441
1,007,371
6,312
1,013,683
15. Analysis of charitable funds
Unrestricted funds
At
31 March 202
At
1 April 2023
Income Expenditure
Gener81 funds
{4,836)
340,074
(325.607)
9,631
At
31 March 202
At
1 April 2022
Income Expenditure
General funds
1,786
30,010
(36,632)
(4,836)
11

The Viznitz (Keren Nitzchi) Foundation
Notes to the Financlal Statements (Contlnugd)
Year ended 31 March 2024
16. Analysis of net assets between funds
Unrestricted Total Funds
Funds
2024
Tangible fixed assets
Currenl assets
Creditors less than 1 year
Net assets
100
100
1.006.972
1,006.972
(997,441) (997.441)
9,631
9,631
Unrestricted Total Funds
Funds
2023
Tangible fixed assets
Current assets
Creditors less than 1 year
100
100
1,008.747
1.008.747
(1,013.683) (1.013.683)
(4,836)
(4.836)
Net assets
12-

The Viznitz (Keren Nitzchi) Foundation
Management Infomiation
Year ended 31 March 2024
The following pages do not forni part of the financial sL*ements.
13-

The Viznitz (Keren Nitzchi) Foundation
Detailed Statement of Financial Activities
Year ended 31 March 2024
2024
2023
Income and endowments
Donations and legacies
Donations
340,000
30,000
Investment income
Bank interest receivable
74
10
Total Income
340.074
30,010
Expenditure
Costs of raising donations and legacies
Donations
324,823
35.228
Expenditure on charltable a￿1vItieS
Legal and professional fees
Other interest payable and similar charges
Foreign exchange gainlloss
1,500
1,500
43
{139)
1,404
(716)
784
Total expenditure
325,607
36.632
Net incomel{expenditure)
14,467
(6,622)
14-

The Viznitz (Keren Nitzchi) Foundation
Notes to the Detailed Ststement of Financlal Activities
Year ended 31 March 2024
2024
2023
Costs of raising donatlons and legacies
Costs of raising donatlons and legacies - Donatlons
Donations
324.823
35,228
Costs of raising donations and legacies
324,823
35.228
Expenditure on charltable activities
Governance costs
Governance costs - accountancy fees
Governance costs - other finance costs
Governance costs - foreign exchange gainlloss
1,500
1,500
43
(139)
1716)
784
Expenditure on charitable activitles
784
15-