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REGISTERED COMPANY NUMBER: 04785575 (England and Wales)
REGISTERED CHARITY NUMBER: 1100351












REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

ZICHRON AHRON TRUST LTD

ZICHRON AHRON TRUST LTD






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 June 2024




Page

Report of the Trustees 1 to 3

Independent Examiner's Report 4

Statement of Financial Activities 5

Balance Sheet 6 to 7

Notes to the Financial Statements 8 to 14

ZICHRON AHRON TRUST LTD (REGISTERED NUMBER: 04785575)

REPORT OF THE TRUSTEES
for the year ended 30 June 2024


The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 June 2024. 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 2015.

OBJECTIVES AND ACTIVITIES
Objectives and aims
The charity's objects and principal activities are:

a) The relief of poverty amongst the elderly or persons in conditions of need, hardship and distress within the Jewish community.

b) The advancement of education according to the tenets of the orthodox Jewish religion.

The charity fulfils its objectives and satisfies its public benefit by making grants to qualifying individuals and organisations.

Public benefit
The trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aim and objectives and in planning our future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives they have set.

Grantmaking
All applications to the charity for grants are considered carefully by the trustees at regular meetings. On most occasions, if the trustees feel the application meets their approval in principle they will meet applicants face to face and discuss with them the most effective way of providing assistance. The trustees usually then have a further meeting before making a decision as to whether assistance should be granted, and if so, in what form and to what level.

ACHIEVEMENT AND PERFORMANCE
Charitable activities
Monies are raised by way of charitable donations received from investments as well as from corporate donors, individuals and other registered charities.

In the year under review there was a £21,780 decrease in investment income to £44,359 (2023 - £66,139).

The charity was able to make grants of £139,000 (2023 - £111,752) in the year. The trustees are satisfied with their policy for making grants and find it a successful way of assisting charitable beneficiaries.

Internal and external factors
The trustees have made full assessment of the internal and external factors that may affect these financial statements and do not deem any factors material enough to have an impact.

FINANCIAL REVIEW
Investment policy and objectives
Under its trust deed the charity has the power to invest in any way they wish.


ZICHRON AHRON TRUST LTD (REGISTERED NUMBER: 04785575)

REPORT OF THE TRUSTEES
for the year ended 30 June 2024


FINANCIAL REVIEW
Reserves policy
The trustees have established the level of reserves (that is those funds that are freely available) that the charity ought to have. Reserves are needed to bridge the funding gaps between spending on activities and receiving resources through voluntary donations and grants. As Zichron Ahron Trust Limited is principally operated as a grant making charity, and the trustees' policy is to seek to distribute the bulk of the income arising in each financial year as it becomes available, the trustees consider that a sufficient level of reserves as at 30 June 2024 would be would be 12 months of administrative costs.

The actual reserves as at 30 June 2024 were £159,133 in deficit. The trustees are considering ways in which further unrestricted funds may be raised.

FUTURE PLANS
There are no significant future developments to report.

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity was incorporated on 3 June 2003 and is constituted as a company limited by guarantee and is therefore governed by its Memorandum and Articles of Association.

Recruitment and appointment of new trustees
New trustees are appointed due to their interest in the work of the charity and their recognised experience in specific fields which will further support the work of Zichron Ahron Trust Limited.

Trustees can retire when they wish as they do not serve under a fixed term of tenure.

Organisational structure
The trustees meet approximately every two months to discuss finances and personnel matters. The trustees are responsible for the day to day running of the charity, for policy making, setting the broad strategic direction of the organisation and ensuring it has sufficient financial resources.

Induction and training of new trustees
New trustees are invited and encouraged to attend a series of short training sessions (of no more than one hour) to familiarise themselves with the charity and the context within which they operate. Trustees are offered training during the course of their tenure.

Wider network
At present Zichron Ahron Trust Limited does not consider itself part of a wider network.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
04785575 (England and Wales)

Registered Charity number
1100351

Registered office
19-20 Bourne Court
Southend Road
Woodford Green
Essex
IG8 8HD


ZICHRON AHRON TRUST LTD (REGISTERED NUMBER: 04785575)

REPORT OF THE TRUSTEES
for the year ended 30 June 2024

Trustees
Mr D T Saurymper
Mrs C Saurymper
Mr J A Stempel

Company Secretary
Mr D T Saurymper

Independent Examiner
Mr Yedidya Zaiden, FCCA
Raffingers Holdings Limited
Chartered Accountants
19-20 Bourne Court
Southend Road
Woodford Green
Essex
IG8 8HD

Approved by order of the board of trustees on 12 March 2025 and signed on its behalf by:





Mr D T Saurymper - Trustee

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
ZICHRON AHRON TRUST LTD

Independent examiner's report to the trustees of Zichron Ahron Trust Ltd ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 June 2024.

Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

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:

1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act 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; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

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 Yedidya Zaiden, FCCA

Raffingers Holdings Limited
Chartered Accountants
19-20 Bourne Court
Southend Road
Woodford Green
Essex
IG8 8HD

12 March 2025

ZICHRON AHRON TRUST LTD

STATEMENT OF FINANCIAL ACTIVITIES
for the year ended 30 June 2024

2024 2023
Unrestricted Restricted Total Total
fund fund funds funds
Notes £    £    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 2 - - - 961

Investment income 3 44,359 - 44,359 66,139
Total 44,359 - 44,359 67,100

EXPENDITURE ON
Charitable activities 4
Education and relief of poverty 139,000 - 139,000 111,752
Support costs 3,421 - 3,421 3,094
Total 142,421 - 142,421 114,846

NET INCOME/(EXPENDITURE) (98,062 ) - (98,062 ) (47,746 )


RECONCILIATION OF FUNDS
Total funds brought forward (61,071 ) - (61,071 ) (13,325 )

TOTAL FUNDS CARRIED FORWARD (159,133 ) - (159,133 ) (61,071 )

CONTINUING OPERATIONS
All income and expenditure has arisen from continuing activities.

ZICHRON AHRON TRUST LTD (REGISTERED NUMBER: 04785575)

BALANCE SHEET
30 June 2024

2024 2023
Unrestricted Restricted Total Total
fund fund funds funds
Notes £    £    £    £   
FIXED ASSETS
Investments 10 260,000 - 260,000 260,000

CURRENT ASSETS
Debtors 11 50,000 - 50,000 50,000
Cash at bank 1,133 - 1,133 1,001
51,133 - 51,133 51,001

CREDITORS
Amounts falling due within one year 12 (442,442 ) - (442,442 ) (338,904 )

NET CURRENT ASSETS/(LIABILITIES) (391,309 ) - (391,309 ) (287,903 )

TOTAL ASSETS LESS CURRENT
LIABILITIES

(131,309

)

-

(131,309

)

(27,903

)

CREDITORS
Amounts falling due after more than one year 13 (27,824 ) - (27,824 ) (33,168 )

NET ASSETS/(LIABILITIES) (159,133 ) - (159,133 ) (61,071 )
FUNDS 15
Unrestricted funds (159,133 ) (61,071 )
TOTAL FUNDS (159,133 ) (61,071 )

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.


The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.


The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.


ZICHRON AHRON TRUST LTD (REGISTERED NUMBER: 04785575)

BALANCE SHEET - continued
30 June 2024

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.


The financial statements were approved by the Board of Trustees and authorised for issue on 12 March 2025 and were signed on its behalf by:





Mr D T Saurymper - Trustee

ZICHRON AHRON TRUST LTD

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 June 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements of the charitable company, 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 Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value.

The trustees, in their consideration of going concern, have reviewed the charity's future cash flow forecasts and income projections which they believe are based on market data and past experience of similar charities. The charity is subject to a number of significant risks and uncertainties, which could affect the charity's ability to meet these forecasts. The trustees believe that the charity is adequately placed to manage its business risks.

After making enquiries, and taking into account the above, the trustees have formed a judgement, at the time of approving the financial statements, that there is a reasonable expectation that the charity has adequate resources to continue in operation for the foreseeable future. For this reason, they have adopted the going concern basis in preparing the financial statements.

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 payable are included in the period when any relevant conditions are met by the receiving entity. Payment of later instalments of a grant usually requires satisfactory progress reports from the project.

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.

Charitable activities
Charitable activities comprise those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Governance costs
Governance costs comprise those costs associated with meeting the constitutional and strategic requirements of the charity and the audit fees and costs linked to the strategic management of the charity.

Allocation and apportionment of costs
Overhead and support costs relating to charitable activities have been apportioned based on usage where appropriate.


ZICHRON AHRON TRUST LTD

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 June 2024

1. ACCOUNTING POLICIES - continued

Taxation
The company is considered to pass the tests set out in Sch. 6, para. 1 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the company is potentially exempt from taxation in respect of income or capital gains received within categories covered by Pt. 11, Ch. 3 of the Corporation Tax Act 2010 or s. 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Gifts in kind
Gifts in kind are included at the value to the charity where this can be quantified.

Grants payable
Grants payable are payments made to third parties in the furtherance of the charitable objectives of the Trust.The grants are accounted for where either the trustees have agreed to pay the grant without condition and the recipient has a reasonable expectation that they will receive a grant, or any condition attaching to the grant is outside the control of the Trust.

Financial instruments
Basic financial assets, including trade and other receivables and cash and bank balances are initially recognised at transaction price, 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.

Such assets are subsequently carried at amortised cost using the effective interest method.

Basic financial liabilities, including trade and other payables 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 receipts discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Investments
Investments are a form of basic financial instrument and are initially recognised at their transaction value and subsequently measured at their fair value as at the balance sheet date using the closing quoted market price, except where the value of the investment cannot be measures reliably than the investment is shown at cost.


ZICHRON AHRON TRUST LTD

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 June 2024

2. DONATIONS AND LEGACIES
2024 2023
£    £   
Donations - 961

3. INVESTMENT INCOME
2024 2023
£    £   
Return on investment 44,359 66,139

4. CHARITABLE ACTIVITIES COSTS
Grant
funding of
activities Support
(see note costs (see
5) note 6) Totals
£    £    £   
Education and relief of poverty 139,000 - 139,000
Support costs - 3,421 3,421
139,000 3,421 142,421

5. GRANTS PAYABLE
2024 2023
£    £   
Education and relief of poverty 139,000 111,752
The total grants paid to institutions during the year was as follows:
2024 2023
£    £   
Kehal Yisroel D'chasidei Gur 18,000 -
Friends of Gur Foundation - 15,000
Keren Ohr - 36,000
Kupath Rambam - 20,000
Nezer Yisroel 100,000 -
Other grants less than £15,000 21,000 40,752
139,000 111,752

Donations were paid to institutions whose objectives include the relief of poverty and advancement of Jewish education.


ZICHRON AHRON TRUST LTD

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 June 2024

6. SUPPORT COSTS
Management Governance Totals
£    £    £   
Support costs 950 2,471 3,421

7. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 30 June 2024 nor for the year ended 30 June 2023.


Trustees' expenses

There were no trustees' expenses paid for the year ended 30 June 2024 nor for the year ended 30 June 2023.


8. STAFF COSTS

9. INDEPENDENT EXAMINERS FEES

The Independent Examiners fees for the year ended 30 June 2024 totalled £2,400 (2023: £1,140).

10. FIXED ASSET INVESTMENTS
Unlisted
investments
£   
MARKET VALUE
At 1 July 2023 and 30 June 2024 260,000
NET BOOK VALUE
At 30 June 2024 260,000
At 30 June 2023 260,000

There were no investment assets outside the UK.

The investments held are to provide an investment income to the charity.


ZICHRON AHRON TRUST LTD

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 June 2024

11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 50,000 50,000

12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 14) 6,218 6,218
Other creditors 436,224 332,686
442,442 338,904

13. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans (see note 14) 27,824 33,168

14. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year on demand:
Bank loans 6,218 6,218
Amounts falling between one and two years:
Bank loans 6,218 6,218
Amounts falling due between two and five years:
Bank loans 18,655 18,655
Amounts falling due in more than five years:

Repayable by instalments:
Bank loans 2,951 8,295


ZICHRON AHRON TRUST LTD

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 June 2024

15. MOVEMENT IN FUNDS
Net
movement At
At 1.7.23 in funds 30.6.24
£    £    £   
Unrestricted funds
General fund (61,071 ) (98,062 ) (159,133 )

TOTAL FUNDS (61,071 ) (98,062 ) (159,133 )

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 44,359 (142,421 ) (98,062 )

TOTAL FUNDS 44,359 (142,421 ) (98,062 )


Comparatives for movement in funds

Net
movement At
At 1.7.22 in funds 30.6.23
£    £    £   
Unrestricted funds
General fund (13,325 ) (47,746 ) (61,071 )

TOTAL FUNDS (13,325 ) (47,746 ) (61,071 )

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 67,100 (114,846 ) (47,746 )

TOTAL FUNDS 67,100 (114,846 ) (47,746 )


ZICHRON AHRON TRUST LTD

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 June 2024

16. RELATED PARTY DISCLOSURES

At the balance sheet date the charity owed £382,980 (2023 - £282,980) to the trustees. The loans are interest free.