## FRIENDS OF ASCENT
## CHARITY REGISTRATION NUMBER: 328625
## Accounts
## for the financial year
Ist January 2025 to 31st December 2025
## Contents
Page 1 Trustees Report
Page 2 Independent Examiners Report
Page 3 Statement of Financial Activities and Balance Sheet
Page 4 Notes to the Accounts
FRIENDS OF ASCENT
## TRUSTEES ANNUAL REPORT
## for the financial year 1st January 2025 to 31st December 2025
## Address
The principal address of the charity is 98 Mowbray Road, Edgware, Middlesex, HA8 8JH
## Structure, Governance and Management
The charity is governed bya trust deed and is registered with the Charity Commission under number 328625.
The trustees, who meet at regular intervals, administer the charity and manage the day to day operations.
## Trustees
The trustees during the year were:
## Mr. Stephen Chevern Mr. Lawrence Briendel Rabbi Shaul Leiter
## Objectives and Activities
The objective and activities of the trust is the raising of funds by making personal approaches to prospective donors who want to give financial assistance to support the charity ‘Ascent’ in its educational program in Tsfat, Israel and its endeavours to further religious observance and Jewish Education.
## Achievements and Performance
The objectives were achieved by raising donations to the amount stated in the accounts and making grants to the charity ‘Ascent’ in Israel. All fund raising and administration was done on a voluntary basis mainly by personal approaches from Rabbi Shaul Leiter.
## Financial Report
During the year, donation income in the sum of £112,803 was received and £104,000 was passed over to Ascent in Israel towards supporting that charity. At 31 December 2025 asum of £13,914 was held in reserve in the bank current account.
## Declaration
The trustees approved the trustees report on 9 March 2026.
## Signed
$[ere] (41 Stephen Chevern Chair of trustees
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FRIENDS OF ASCENT
## Independent Examiner's Report to the Trustees of Friends of Ascent
I report on the accounts of the trust for the year ended 31 December 2025, which are set out on pages 3-4.
## Respective responsibilities of trustees and examiner
The trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required under section 43(2) of the Charities Act 1993 (the 1993 Act) and that an independent examination is needed.
It is my responsibility to:
-examine the accounts under section 43 of the 1993 Act;
-to follow the procedures laid down in the general Directions given by the Charity Commission under section 43(7)(b) of the 1993 Act; and -to state whether particular matters have come to my attention.
## Basis of independent examiner's report
My examination was carried out in accordance with the general Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.
## Independent examiner's statement
In connection with my examination, no matter has come to my attention (1) which gives me reasonable cause to believe that in any material respect the requirements:
to keep accounting records in accordance with section 41 of the 1993
## Act; and
to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 1993 Act.
## have not been met; or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
## Signed
**----- Start of picture text -----**
Date 9 March 2026
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Name J. B. Cheng FCCA ae Chartered Certified Accountant 38 Connaught Avenue Enfield
EN1 3BG
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FRIENDS OF ASCENT
## REGISTERED CHARITY - No. 328625
## Statement of Financial Activities for the year ended 31 December 2025
**----- Start of picture text -----**
||||||||
|---|---|---|---|---|---|---|
|Total|Funds|Total|Funds|
|unrestricted|unrestricted|
|1p|£LAER|BESSe|8 | SO£|2A|EL£ 3|
|Incoming|resources|from|generated|funds|
|Donations|Received|112,803|210,036|
|Gift|Aid|refunds|0|14,538|
|Interest|0|644|
|TOTAL|INCOME|112,803|225,218|
|Resources|expended|
|Cost|of generating|funds|0|0|
|Charitable|Activity|Costs:|
|Charitable|Donations|to|Ascent|104,000|229,800|
|Governance|Costs|Bank|Charges|149|372|
|Total|Resources|Expended|104,149|230,172|
|Net|incoming/Outgoing)|resources|for the|year|8,654|(4,954)|
|Surplus|brought|forward|5,255|10,209|
|Surplus|Carried|Forward|13,909|5,255|
|BALANCE|SHEET AS|AT|31st|DECEMBER|2025|
|2025|2024|
|ASSETS|£|£|
|Current|assets|
|Bank Accounts|13,914|5,260|
|LIABILITIES|0|0|
|NET ASSETS|13,914|5,260|
|REPRESENTED|BY:|
|Unrestricted|Funds|
|Trust|Fund|5|5|
|Surplus|13,909|5,255|
|Fund|at Year|End|13,914|5,260|
**----- End of picture text -----**
Ss tha aire wie S. Chevern - Trustee
9 March 2026
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FRIENDS OF ASCENT
## Notes to the Accounts
## 1. ACCOUNTING POLICIES
## (a) Basis of accounting
The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities and the charities SORP.
## (b ) Incoming Resources
Donations are credited to the Statement of Financial Activities (SOFA) in the period in which the donations are received.
## (d ) Taxation
The company is a Registered Charity (No. 328625) and is exempt from taxation insofar as its income is applied for charitable purposes.
## 2 Voluntary Income
The amount relates to general donations received in response to public and private appeals.
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