REGISTERED CHARITY NUMBER: 802882
BEFORE TRUST
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
Sugarwhite Meyer Accountants Ltd First Floor 94 Stamford Hill London N16 6XS
BEFORE TRUST
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
| Page | |||
|---|---|---|---|
| Reference and Administrative Details | 1 | ||
| Report of the Trustees | 2 | to | 3 |
| Independent Examiner's Report | 4 | ||
| Statement of Financial Activities | 5 | ||
| Balance Sheet | 6 | ||
| Notes to the Financial Statements | 7 | to | 9 |
BEFORE TRUST
REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 MARCH 2025
TRUSTEES
TRUSTEES L Lerner M Eizenbach PRINCIPAL ADDRESS 38 Heathland Road London N16 5LZ REGISTERED CHARITY 802882 NUMBER INDEPENDENT EXAMINER Sugarwhite Meyer Accountants Ltd First Floor 94 Stamford Hill London N16 6XS BANKERS TSB Bank plc 174 Clapton Common London E5 9AQ
Page 1
BEFORE 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).
Reference and administrative information
Reference and administrative information is shown on page 1 of the financial statements and forms part of this report.
OBJECTIVES AND ACTIVITIES
Objectives for public benefit
The objects of the charity are the furtherance of religious, educational and other institutions and for any other charitable purpose as the trustees may determine.
The trustees confirm that they have given due regard the Charity Commission's guidance on public benefit. The charity carries out its object by grantmaking.
Grantmaking
In general the trustees select the institutions to be supported according to their personal knowledge of work of the institution. Whilst not actively inviting applications, they are always prepared to accept any application which will be carefully considered and help given according to circumstances and funds then available.
FINANCIAL REVIEW
Review of activities
There was a increase in income of about 56% and grantmaking by 50% . There was a surplus for the year. Grants were made to charities and institutions in England and aboard and to individuals for the relief of poverty.
Reserves policy
The trustees do not seek to maintain reserves other than to ensure that the charity can continue its activities. Reserves at the year end were £37,217 (2024 - £29,524) with free reserves of £10,262 (2024 - £2,569).
Risk review
The trustees have reviewed the major risks that the charity faces and confirm that they have established systems to mitigate them.
FUTURE PLANS
The charity plans to continue its activities subject to satisfactory income.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Constitution
The charity was established by Deed of Trust on 25th July 1989.
Organisation
The charity is run by the trustees. The power to appoint new trustees is vested in the continuing board. It is not the intention of the trustees of the charity to appoint any new trustees. Should the situation change in the future, the trustees will apply suitable recruitment induction and training procedures
STATEMENT OF TRUSTEES' RESPONSIBILITIES
The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Page 2
BEFORE TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025
STATEMENT OF TRUSTEES' RESPONSIBILITIES - continued
Charity law requires the trustees to prepare financial statements for each financial year. Under that law, the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).
Under charity law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011 and The Charity (Accounts and Reports) Regulations 2008. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the board of trustees on 13 January 2026 and signed on its behalf by:
L Lerner - Trustee
Page 3
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BEFORE TRUST
Independent examiner's report to the trustees of Before Trust
I report to the charity trustees on my examination of the accounts of Before 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
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:
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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
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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.
E Meyer FCA BSc
Sugarwhite Meyer Accountants Ltd First Floor 94 Stamford Hill London N16 6XS
13 January 2026
Page 4
BEFORE TRUST
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025
| 2025 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 218,745 EXPENDITURE ON Charitable activities 2 Grantmaking 209,149 Support 1,903 Total 211,052 NET INCOME/(EXPENDITURE) 7,693 RECONCILIATION OF FUNDS Total funds brought forward 29,524 TOTAL FUNDS CARRIED FORWARD 37,217 |
2024 Total funds £ 139,790 139,970 3,090 143,060 (3,270) 32,794 29,524 |
|---|---|
The notes form part of these financial statements
Page 5
BEFORE TRUST
BALANCE SHEET 31 MARCH 2025
| Notes FIXED ASSETS Tangible assets 6 CURRENT ASSETS Cash at bank CREDITORS Amounts falling due within one year 7 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS Unrestricted funds TOTAL FUNDS |
2025 Total funds £ 26,955 11,402 (1,140) 10,262 37,217 37,217 37,217 37,217 |
2024 Total funds £ 26,955 3,589 (1,020) 2,569 29,524 29,524 29,524 29,524 |
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 13 January 2026 and were signed on its behalf by:
L Lerner - Trustee
The notes form part of these financial statements
Page 6
BEFORE 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 in the year in which they are incurred and includes irrecoverable VAT.
Support costs are those incurred to assist the work of the charity but are not direct charitable activities.
Governance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.
Taxation
The charity is exempt from tax on its charitable activities.
Going concern
There are no material uncertainties about the charity's ability to continue.
2. CHARITABLE ACTIVITIES COSTS
| Grant funding of activities (see note 3) £ Grantmaking 208,589 Support - 208,589 GRANTS PAYABLE Grantmaking The total grants paid to institutions during the year was as follows: Advancement of religion Advancement of education Relief of poverty |
Support costs (see note 4) £ 560 1,903 2,463 2025 £ 208,589 2025 £ 121,700 29,600 29,370 180,670 |
Totals £ 209,149 1,903 |
|---|---|---|
| 211,052 | ||
| 2024 £ 139,964 |
||
| 2024 £ 42,375 32,524 32,265 |
||
| 107,164 |
3. GRANTS PAYABLE
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BEFORE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
3. GRANTS PAYABLE - continued
| Belz Synagogue | 36,550 | ||||
|---|---|---|---|---|---|
| Maaseh Rokeach | 33,200 | ||||
| Kollel Jerusalem | 24,200 | ||||
| Ahavat Chesed | 23,370 | ||||
| Mercaz Torah Vechesed Ltd | 22,700 | ||||
| Beis Frieda | 10,450 | ||||
| Others under £10,000 | 30,200 | ||||
| ------------- | |||||
| 180,670 | |||||
| ======= | |||||
| The total grants paid to individuals during the year was as follows: | |||||
| 2025 | 2024 | ||||
| £ | £ | ||||
| Relief of poverty | 27,919 | 32,800 | |||
| SUPPORT COSTS | |||||
| Governance | |||||
| Other | costs | Totals | |||
| £ | £ | £ | |||
| Grantmaking | 560 | - | 560 | ||
| Support | 409 | 1,494 | 1,903 | ||
| 969 | 1,494 | 2,463 | |||
| Support costs, included in the above, are as follows: | |||||
| Other | |||||
| 2025 | 2024 | ||||
| Total | Total | ||||
| Grantmaking | Support | activities | activities | ||
| £ | £ | £ | £ | ||
| Sundries | 560 | 409 | 969 | 1,722 | |
| Governance costs | |||||
| 2025 | 2024 | ||||
| Total | |||||
| Support | activities | ||||
| £ | £ | ||||
| Independent examiner's fee | 600 | 540 | |||
| Independent examiner's other fees | 540 | 480 | |||
| General expenses | 354 | 354 | |||
| 1,494 | 1,374 |
4. SUPPORT COSTS
Page 8
BEFORE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
5. 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.
6. TANGIBLE FIXED ASSETS
| 6. | TANGIBLE FIXED ASSETS | ||
|---|---|---|---|
| Religious | |||
| requisites | |||
| £ | |||
| COST | |||
| At 1 April 2024 and 31 March 2025 | 26,955 | ||
| NET BOOK VALUE | |||
| At 31 March 2025 | 26,955 | ||
| At 31 March 2024 | 26,955 | ||
| No deprecation is charged on religious requisites as they keep their value. | |||
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
| 2025 | 2024 | ||
| £ | £ | ||
| Other creditors | 1,140 | 1,020 |
8. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2025.
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