REGISTERED COMPANY NUMBER: 06715806 (England and Wales)

REGISTERED CHARITY NUMBER: 1126279

REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 DECEMBER 2024

FOR

FREILICH FAMILY FOUNDATION

Page

Report of the Trustees

1

to

2

Statement of Financial Activities

3

Balance Sheet

4

Notes to the Financial Statements

5

to

8

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 29 December 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 activities

Freilich Family Foundation is a charity that focusses on relief of poverty, education and welfare both in the UK and Israel.

Achievement and Performance

We have made donations of £345,686 (2023: £405,917) during the year.

Declaration of public benefit

The Trustees have paid due regard to the Charity Commission's guidance on public benefit in deciding what activities the Charity should undertake and donates to a wide range of causes including individuals, education and healthcare.

Objectives for the year and plans for the future

The overall objective of any given year for the Freilich Family Foundation is to ensure that it can continue to progress with its focus on relief of poverty, education and welfare both in the UK and Israel.

FINANCIAL REVIEW

Reserves policy

The Charity has a policy to maintain unrestricted funds, which are the free reserves of the Charity, at a level which provides sufficient funds to cover management and administration costs in the medium term, and to continue to expand our activities.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

Freilich Family Foundation was set up as a Company Limited by Guarantee 6 October 2008

Freilich Family Foundation is a Charity registered with the Charity Commission under registration number 1126279.

The Trustees encompass individuals with diverse backgrounds and experience. There is no minimum or maximum time that an individual may be a Trustee. The Trustees meet quarterly to discuss donations and grants.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

06715806 (England and Wales)

Registered Charity number

1126279

Registered office

5 Sentinel Square

Hendon

London

NW4 2EL

Trustees

L C Freilich Consultant

Mrs S S Freilich Consultant

Company Secretary

B Grossman

Approved by order of the board of trustees on 29 December 2025 and signed on its behalf by:

L C Freilich - Trustee

Period

31.12.22

Year Ended

to

29.12.24

29.12.23

Unrestricted

Total

fund

funds

Notes

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

347,167

405,105

EXPENDITURE ON

Raising funds

2

1,603

-

Charitable activities

Grants to institutions

345,686

405,917

Total

347,289

405,917

NET INCOME/(EXPENDITURE)

(122

)

(812

)

RECONCILIATION OF FUNDS

Total funds brought forward

1,130

1,942

TOTAL FUNDS CARRIED FORWARD

1,008

1,130

29.12.24

29.12.23

Unrestricted

Total

fund

funds

Notes

£

£

CURRENT ASSETS

Cash at bank

1,008

1,130

NET CURRENT ASSETS

1,008

1,130

TOTAL ASSETS LESS CURRENT LIABILITIES

1,008

1,130

NET ASSETS

1,008

1,130

FUNDS

5

Unrestricted funds

1,008

1,130

TOTAL FUNDS

1,008

1,130

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 December 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.

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 29 December 2025 and were signed on its behalf by:

L C Freilich - Trustee

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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

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.

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.

Debtors and creditors receivable/payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the Statement of Financial Activities in other resources expended.

Cash and Cash equivalents

Cash and cash equivalent include cash in hand, deposits held at call with banks, other short term liquid investments with original maturities of three months or less.

2.	RAISING FUNDS

Raising donations and legacies

Period

31.12.22

Year Ended

to

29.12.24

29.12.23

£

£

Support costs

1,603

-

3.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 29 December 2024 nor for the period ended 29 December 2023.

Trustees' expenses

There were no trustees' expenses paid for the year ended 29 December 2024 nor for the period ended 29 December 2023.

4.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted

fund

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

405,105

EXPENDITURE ON

Charitable activities

Grants to institutions

405,917

NET INCOME/(EXPENDITURE)

(812

)

RECONCILIATION OF FUNDS

Total funds brought forward

1,942

TOTAL FUNDS CARRIED FORWARD

1,130

5.	MOVEMENT IN FUNDS

Net

At

movement

At

30.12.23

in funds

29.12.24

£

£

£

Unrestricted funds

General fund

1,130

(122

)

1,008

TOTAL FUNDS

1,130

(122

)

1,008

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

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

347,167

(347,289

)

(122

)

TOTAL FUNDS

347,167

(347,289

)

(122

)

Comparatives for movement in funds

Net

At

movement

At

31.12.22

in funds

29.12.23

£

£

£

Unrestricted funds

General fund

1,942

(812

)

1,130

TOTAL FUNDS

1,942

(812

)

1,130

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

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

405,105

(405,917

)

(812

)

TOTAL FUNDS

405,105

(405,917

)

(812

)

6.	RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 29 December 2024.

7.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr L Freilich.