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REGISTERED COMPANY NUMBER: 04099989 (England and Wales)
REGISTERED CHARITY NUMBER: 1084583














Report of the Trustees and

Financial Statements for the Year Ended 31 October 2024

for

Tzedokoh Vechesed Limited

Tzedokoh Vechesed Limited

Contents of the Financial Statements
for the Year Ended 31 October 2024










Page

Report of the Trustees 1 to 4

Report of the Independent Auditors 5 to 8

Statement of Financial Activities 9

Balance Sheet 10

Cash Flow Statement 11

Notes to the Cash Flow Statement 12

Notes to the Financial Statements 13 to 19

Tzedokoh Vechesed Limited (Registered number: 04099989)

Report of the Trustees
for the Year Ended 31 October 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 31 October 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 2019).

OBJECTIVES AND ACTIVITIES
Objectives and aims
The charity's object and its principal activity continue to be that of providing grants for the enhancement of education and religion and for the relief of poverty in the orthodox jewish community. Its policy continues to be the making of such grants.

Significant activities
There were no significant activities to report.

Public benefit
The trustees confirm their compliance with the duty to have regard to the Public Benefit guidance published by the Charity Commission when reviewing the Charity's aims and objectives in planning future activities.

Grantmaking
Tzedokoh Vechesed Limited has within its Articles of Association the ability to make donations.

Volunteers
During the year, the charity did not have any volunteers to help with the objective of the charity.

ACHIEVEMENT AND PERFORMANCE
Charitable activities
The trustees consider that the performance of the charity this year has been satisfactory. Substantial funds have been granted to institutions during the period from contributions received from donors.

The Statement of Financial Activities shows a net surplus of £838,788 after making total grants of £500,274 and the reserves stand at £14,015,283.

Investment performance
The trustees are currently satisfied with the investment performance of the assets. The Company has not expanded its activities during the current year, but is always looking at opportunities, the current investment property portfolio is producing good results which enhances its charitable activities.

Internal and external factors
The trustees have made a 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
Principal funding sources
Tzedokoh Vechesed Limited is fortunate to receive good rental income through its investment policy.

Overall the charity has experienced a good year and hopes it will continue to do so next year.

Investment policy and objectives
Under the memorandum and articles of association, the charity has the power to make any investment, which the trustees see fit. The trustees have considered the most appropriate policy for investing funds and have found that investment in property meets their requirements to generate both income and capital growth.


Tzedokoh Vechesed Limited (Registered number: 04099989)

Report of the Trustees
for the Year Ended 31 October 2024


FINANCIAL REVIEW
Reserves policy
The charity does not maintain a reserve policy,as reserves are distributed when they become available at the trustees' discretion. The present level of funding is adequate to support the continuation of its objects and the trustees consider the financial position of the charity to be satisfactory.

FUTURE PLANS
There are no significant future developments to report.

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, the memorandum and articles of association, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006, the Charities Act 2011 and the Statement of Recommended Practice, "Accounting and Reporting by Charities", issued in March 2005. The company was formed on 27 October 2000. The charity is managed and controlled by the directors who are the trustees, who meet regularly.

Recruitment and appointment of new trustees
The trustees are appointed according to the Articles of Association.

Organisational structure
The Chief Executive of the charity is Mr M Margalit, to whom day to day management of the charity has been delegated.

The Board of Trustee, as per the governing document, can have at up tol 3 trustees serving at anyone time to administer the charity.

The entire board meets on a regular basis, at least quarterly, or more if required.

The charity is organised so that the trustees meet regularly to manage its affairs. There are no paid employees and all administration work is done on voluntary basis by the trustees.

Induction and training of new trustees
All new trustees are given, in the view of the board, sufficient training and have enough knowledge of their specific field to understand the nature of the charity and fully comply with the charities views of its progression.

New trustees undergo a briefing to ensure they are aware of both their legal and professional responsibilities under charity and company law.

Wider network
At present Tzedokoh Vechesed Limited does not consider itself part of a wider network.

Related parties
Full details of the Related Party Transactions during the year ended 31 October 2020 can be found in Note 19 of the Financial Statements.

Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. The trustees have also examined other operational and business risks faced by the charity and confirm that they have established systems to mitigate the significant risks.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
04099989 (England and Wales)

Registered Charity number
1084583


Tzedokoh Vechesed Limited (Registered number: 04099989)

Report of the Trustees
for the Year Ended 31 October 2024


Registered office
5 North End Road
London
NW11 7RJ

Trustees
M Margalit
Z Zeivald
Mrs R E Zeivald

Company Secretary
Mrs R E Zeivald

Senior Statutory Auditor
Mr A Heller (FCA)

Auditors
Martin+Heller
Chartered Accountants
and Registered Auditor
5 North End Road
London
NW11 7RJ

STATEMENT OF TRUSTEES' RESPONSIBILITIES
The trustees (who are also the directors of Tzedokoh Vechesed Limited for the purposes of company law) 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).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

-select suitable accounting policies and then apply them consistently;
-observe the methods and principles in the Charity SORP;
-make judgements and estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company 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 charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

-there is no relevant audit information of which the charitable company's auditors are unaware; and
-the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.

AUDITORS
The auditors, Martin+Heller, will be proposed for re-appointment at the forthcoming Annual General Meeting.

Approved by order of the board of trustees on 14 July 2025 and signed on its behalf by:



Tzedokoh Vechesed Limited (Registered number: 04099989)

Report of the Trustees
for the Year Ended 31 October 2024





M Margalit - Trustee

Report of the Independent Auditors to the Members of
Tzedokoh Vechesed Limited


Opinion
We have audited the financial statements of Tzedokoh Vechesed Limited (the 'charitable company') for the year ended 31 October 2024 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the charitable company's affairs as at 31 October 2024 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information
The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Report of the Trustees has been prepared in accordance with applicable legal requirements.

Report of the Independent Auditors to the Members of
Tzedokoh Vechesed Limited


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of trustees' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit; or
- the trustees were not entitled to take advantage of the small companies exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Trustees.

Responsibilities of trustees
As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Report of the Independent Auditors to the Members of
Tzedokoh Vechesed Limited


Our responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with
our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent
to which our procedures are capable of detecting irregularities, including fraud is detailed below:
- We assess compliance with applicable laws and regulations that could reasonably be expected to have a
material effect on the financial statements. The key laws and regulations we have considered in this context included the
Charities SORP (FRS 102). In addition, we have considered provisions of other laws and regulations that do not have a
direct effect on the financial statements but compliance with which may be fundamental to the company's ability to operate
or to avoid a material penalty. The extent to which our procedures are capable of detecting irregularities, including fraud is
detailed below. Based on the results of our risk assessment we designed our audit procedures to identify non-compliance
with such laws and regulations identified above.We discussed with management the extent of compliance with those laws
and regulations as part of our audit procedures. - We address the risk of fraud through management override of controls, by obtaining an understanding of internal control
and by designing audit procedures that are appropriate and sufficient. We evaluated the appropriateness of accounting
policies used and the reasonableness of accounting estimates and judgements made by management. We identified and
assessed any significant transactions that are unusual or outside the normal course of business, and we incorporated testing of
manual journal entries and corrections into our audit approach.
-Our audit procedures were designed to identify and assess risks of material misstatement in the financial
statements, whether due to fraud or error. The risk of not detecting a material misstatement due to fraud is higher
than the risk of not detecting one resulting from error, as fraud may involve collusion, forgery, omissions,
misrepresentations, or management override of controls. We communicated identified laws and regulations and potential
fraud risks to all engagement team members and remained alert to any indications of fraud or non-compliance with laws and
regulations throughout the audit. The engagement partner considers the engagement team collectively had the appropriate
competence and capabilities to identify or recognize non-compliance with laws and regulations.
-There are inherent limitations in the audit procedures described above and the further removed non-compliance with laws
and regulations is from the events and transactions reflected in the financial statements, the less likely we would become
aware of it. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one
from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentation, or
through collusion. Our responsibility is to conclude whether the financial statements represent the underlying financial
position and activities of the charity and to ensure that the overall content and presentation of the financial statements gives a
fair view.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting
Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent
Auditors.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Report of the Independent Auditors to the Members of
Tzedokoh Vechesed Limited


Use of our report
This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Mr A Heller (FCA) (Senior Statutory Auditor)
for and on behalf of Martin+Heller
Chartered Accountants
and Registered Auditor
5 North End Road
London
NW11 7RJ

14 July 2025

Tzedokoh Vechesed Limited

Statement of Financial Activities
(Incorporating an Income and Expenditure Account)
for the Year Ended 31 October 2024

31.10.24 31.10.23
Unrestricted
funds Total funds
Notes £ £
INCOME AND ENDOWMENTS FROM

Investment income 2 1,305,562 1,258,897
Other income 322,921 -
Total 1,628,483 1,258,897

EXPENDITURE ON
Raising funds
Investment management costs 3 316,098 485,666
316,098 485,666

Charitable activities 4
Charitable activities 500,274 444,898

Other 6,072 8,669
Total 822,444 939,233

Net gains/(losses) on investments 32,749 (32,590 )

NET INCOME 838,788 287,074


RECONCILIATION OF FUNDS
Total funds brought forward 13,176,495 12,889,421

TOTAL FUNDS CARRIED FORWARD 14,015,283 13,176,495

Tzedokoh Vechesed Limited (Registered number: 04099989)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Unrestricted
funds Total funds
Notes £ £
FIXED ASSETS
Investment property 11 12,790,000 13,640,000

CURRENT ASSETS
Debtors 12 376,414 349,367
Cash at bank 1,269,777 923,052
1,646,191 1,272,419

CREDITORS
Amounts falling due within one year 13 (420,908 ) (1,735,924 )

NET CURRENT ASSETS 1,225,283 (463,505 )

TOTAL ASSETS LESS CURRENT
LIABILITIES

14,015,283

13,176,495

NET ASSETS 14,015,283 13,176,495
FUNDS 15
Unrestricted funds 14,015,283 13,176,495
TOTAL FUNDS 14,015,283 13,176,495

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 14 July 2025 and were signed on its behalf by:





M Margalit - Trustee

Tzedokoh Vechesed Limited

Cash Flow Statement
for the Year Ended 31 October 2024

31.10.24 31.10.23
Notes £ £

Cash flows from operating activities
Cash generated from operations 1 767,418 69,550
Interest paid 7,840 6,005
Net cash provided by operating activities 775,258 75,555

Cash flows from investing activities
Sale of investment property 882,749 -
Interest received 24,301 1,824
Net cash provided by investing activities 907,050 1,824

Cash flows from financing activities
Loan repayments in year (1,335,583 ) (220,808 )
Net cash used in financing activities (1,335,583 ) (220,808 )

Change in cash and cash equivalents in
the reporting period

346,725

(143,429

)
Cash and cash equivalents at the
beginning of the reporting period

923,052

1,066,481
Cash and cash equivalents at the end of
the reporting period

1,269,777

923,052

Tzedokoh Vechesed Limited

Notes to the Cash Flow Statement
for the Year Ended 31 October 2024


1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
31.10.24 31.10.23
£ £
Net income for the reporting period (as per the Statement of Financial
Activities)

838,788

287,074
Adjustments for:
(Gain)/losses on investments (32,749 ) 32,590
Interest received (24,301 ) (1,824 )
Interest paid (7,840 ) (6,005 )
Increase in debtors (27,047 ) (236,685 )
Increase/(decrease) in creditors 20,567 (5,600 )
Net cash provided by operations 767,418 69,550


2. ANALYSIS OF CHANGES IN NET (DEBT)/FUNDS

At 1/11/23 Cash flow At 31/10/24
£ £ £
Net cash
Cash at bank 923,052 346,725 1,269,777
923,052 346,725 1,269,777

Debt
Debts falling due within 1 year (1,335,583 ) 1,335,583 -
(1,335,583 ) 1,335,583 -
Total (412,531 ) 1,682,308 1,269,777

Tzedokoh Vechesed Limited

Notes to the Financial Statements
for the Year Ended 31 October 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, as modified by the revaluation of certain assets.

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 offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Statement of Financial Activities.

Taxation
The charity is exempt from corporation tax on its charitable activities.

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.

2. INVESTMENT INCOME
31.10.24 31.10.23
£ £
Rents and insurance received 1,281,261 1,257,073
Deposit account interest 1,238 1,298
Other interest receivable 23,063 526
1,305,562 1,258,897


Tzedokoh Vechesed Limited

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024


3. INVESTMENT MANAGEMENT COSTS
31.10.24 31.10.23
£ £
Staff costs 16,800 14,400
Insurance 110,248 122,390
Legal and Professional fees 36,041 46,915
Maintenance and other 113,342 242,272
Letting and management fees 47,507 65,694
Interest payable and similar charges (7,840 ) (6,005 )
316,098 485,666

4. CHARITABLE ACTIVITIES COSTS
Grant
funding of
activities
(see note
5)
£
Charitable activities 500,274

5. GRANTS PAYABLE
31.10.24 31.10.23
£ £
Charitable activities 500,274 444,898

Donations paid to institutions during the year amounted to £500,274.
£   
Amud Hatzdokoh Trust 10,273
Beis Chinuch Lebonos Girls School 36,000
Beis Hamedrash Canvey 24,050
Bible kollel 19,170
CML 13,110
Canvey Bright start 39,100
Canvey Kehilla Ltd-M 101,100
Friends Beis Sora Schneirer London 18,000
Kehal Chasidim Bobov 14,700
Kerem Shlomo Trust 51,200
Mercaz Hatorah Belz Machnovke 36,000
One Heart 36,000
Side by Side Children Ltd 10,180
Toiv Umeitiv 12,200
Others 79,191
------------
Total 500,274
------------


Tzedokoh Vechesed Limited

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024


6. SUPPORT COSTS
Governance
costs
£
Other resources expended 5,800

7. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

31.10.24 31.10.23
£ £
Auditors' remuneration 5,800 8,700

8. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 October 2024 nor for the year ended 31 October 2023.


Trustees' expenses

There were no trustees' expenses paid for the year ended 31 October 2024 nor for the year ended 31 October 2023.


9. STAFF COSTS

The average number of employees during the year were 2 (2023:2)

10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
funds
£
INCOME AND ENDOWMENTS FROM

Investment income 1,258,897

EXPENDITURE ON
Raising funds
Investment management costs 485,666
485,666

Charitable activities
Charitable activities 444,898

Other 8,669
Total 939,233

Net gains/(losses) on investments (32,590 )

Tzedokoh Vechesed Limited

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024


10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted
funds
£

NET INCOME 287,074


RECONCILIATION OF FUNDS
Total funds brought forward 12,889,421

TOTAL FUNDS CARRIED FORWARD 13,176,495

11. INVESTMENT PROPERTY
£
FAIR VALUE
At 1 November 2023 13,640,000
Disposals (882,749 )
Revaluation 32,749
At 31 October 2024 12,790,000
NET BOOK VALUE
At 31 October 2024 12,790,000
At 31 October 2023 13,640,000


12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£ £
Rent debtors 69,822 66,818
Other debtors 35,135 47,841
Noblestar Estates Limited 250,000 200,526
Prepayments and accrued income 21,457 34,182
376,414 349,367


Tzedokoh Vechesed Limited

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024


13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£ £
Bank loans and overdrafts (see note 14) - 1,335,583
Trade creditors 14,892 10,983
VAT 13,786 8,978
Other creditors 204,712 187,888
Rents in advance 173,018 183,792
Accrued expenses 14,500 8,700
420,908 1,735,924

14. LOANS

An analysis of the maturity of loans is given below:

31.10.24 31.10.23
£ £
Amounts falling due within one year on demand:
Bank loans - 1,335,583

15. MOVEMENT IN FUNDS
Net
movement At
At 1/11/23 in funds 31/10/24
£ £ £
Unrestricted funds
General fund 13,176,495 838,788 14,015,283

TOTAL FUNDS 13,176,495 838,788 14,015,283

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

Incoming Resources Gains and Movement
resources expended losses in funds
£ £ £ £
Unrestricted funds
General fund 1,628,483 (822,444 ) 32,749 838,788

TOTAL FUNDS 1,628,483 (822,444 ) 32,749 838,788


Tzedokoh Vechesed Limited

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024


15. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net
movement At
At 1/11/22 in funds 31/10/23
£ £ £
Unrestricted funds
General fund 12,889,421 287,074 13,176,495

TOTAL FUNDS 12,889,421 287,074 13,176,495

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

Incoming Resources Gains and Movement
resources expended losses in funds
£ £ £ £
Unrestricted funds
General fund 1,258,897 (939,233 ) (32,590 ) 287,074

TOTAL FUNDS 1,258,897 (939,233 ) (32,590 ) 287,074

A current year 12 months and prior year 12 months combined position is as follows:

Net
movement At
At 1/11/22 in funds 31/10/24
£ £ £
Unrestricted funds
General fund 12,889,421 1,125,862 14,015,283

TOTAL FUNDS 12,889,421 1,125,862 14,015,283

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Gains and Movement
resources expended losses in funds
£ £ £ £
Unrestricted funds
General fund 2,887,380 (1,761,677 ) 159 1,125,862

TOTAL FUNDS 2,887,380 (1,761,677 ) 159 1,125,862


Tzedokoh Vechesed Limited

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024


16. RELATED PARTY DISCLOSURES

During the year material transactions took place with related organisations,

Net amount of £50,000 was given as loan to Noblestar Estates Ltd in
addition to the existing balance of £200,000, the total now stand at £250,000
and interest is charged at 8% per annum. The Trustee Mr M Margalit is also
a Directors in that company.