REGISTERED COMPANY NUMBER: 09550385 (England and Wales)

REGISTERED CHARITY NUMBER: 1163312

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2026

FOR

JEG TRUST LIMITED

Page

Report of the Trustees

1

to

2

Independent Examiner's Report

3

Statement of Financial Activities

4

Balance Sheet

5

to

6

Cash Flow Statement

7

Notes to the Cash Flow Statement

8

Notes to the Financial Statements

9

to

12

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 May 2026. 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

Charitable objectives

JEG Trust Limited is established as a charitable organisation with the principal aim of supporting the relief of poverty and the advancement of the Jewish religion. These objectives are achieved by providing financial assistance to organisations that operate in alignment with the charity's objectives

To meet its charitable aims, the charity primarily distributes funds in the form of grants and donations to selected Jewish charities and related causes. Each funding decision is subject to appropriate due diligence and review to ensure alignment with the charity's objectives and the intended public benefit.

Public benefit

The trustees confirm that they have had due regard to the Charity Commission’s guidance on public benefit, particularly its general guidance, in shaping the charity’s strategic direction and operational grant-making activities during the year under review.

FINANCIAL REVIEW

Financial position

Total incoming resources for the year were £578,031 (2025: £672,279), primarily comprised of voluntary donations and gift aid. Total expenditure was £668,988 (2025: £608,363), including £667,198 in charitable grants and £1,790 in support and governance costs. At the year end, the charity held unrestricted funds of £119,253 (2025: £210,210).

Principal funding sources

The principal funding sources of the charity are voluntary donations.

Reserves policy

The trustees have been able, and continue to be able, to meet the charity's liabilities as they fall due and they also hold sufficient funds which are unrestricted and available for use to meet the charity's objectives. Therefore, at present, the trustees do not consider it necessary to have a specific reserves policy.

FUTURE DEVELOPMENT

The trustees remain committed to the continued support of charitable initiatives that align with the charity's objectives. Going forward, they will continue to apply rigorous scrutiny to all grant applications to ensure that funds are distributed effectively, responsibly, and in accordance with the charity's charitable objectives.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is constituted as a company limited by guarantee and as such, its governing documents are its Memorandum and Articles of Association and was incorporated on the 20th April 2015.

Risk management

The trustees are of the opinion that there are no major risks to which the charity is exposed.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

09550385 (England and Wales)

Registered Charity number

1163312

Registered office

First Floor, Winston House

349 Regents Park Road

London

N3 1DH

Trustees

Mr J Gurvits

Mrs E Gurvits

Mrs Y Davis

Independent Examiner

Aryeh Melinek FCA

Melinek Fine LLP

Chartered Accountants

First Floor, Winston House

349 Regents Park Road

London

N3 1DH

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on 22 July 2026 and signed on its behalf by:

Mrs E Gurvits - Trustee

Independent examiner's report to the trustees of JEG Trust Limited ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 May 2026.

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

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

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.

Aryeh Melinek FCA

Melinek Fine LLP

Chartered Accountants

First Floor, Winston House

349 Regents Park Road

London

N3 1DH

22 July 2026

2026

2025

Unrestricted

Total

fund

funds

Notes

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

2

577,225

672,104

Investment income

3

806

175

Total

578,031

672,279

EXPENDITURE ON

Charitable activities

4

Grants to charitable institutions

667,198

606,402

Charitable activities

1,790

1,961

Total

668,988

608,363

NET INCOME/(EXPENDITURE)

(90,957

)

63,916

RECONCILIATION OF FUNDS

Total funds brought forward

210,210

146,294

TOTAL FUNDS CARRIED FORWARD

119,253

210,210

2026

2025

Unrestricted

Total

fund

funds

Notes

£

£

FIXED ASSETS

Investment property

8

31,850

31,850

CURRENT ASSETS

Debtors

9

18,500

20,500

Cash at bank

71,830

170,727

90,330

191,227

CREDITORS

Amounts falling due within one year

10

(2,927

)

(11,200

)

NET CURRENT ASSETS

87,403

180,027

TOTAL ASSETS LESS CURRENT LIABILITIES

119,253

211,877

CREDITORS

Amounts falling due after more than one year

11

-

(1,667

)

NET ASSETS

119,253

210,210

FUNDS

Unrestricted funds

119,253

210,210

TOTAL FUNDS

119,253

210,210

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2026 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 22 July 2026 and were signed on its behalf by:

Mr J Gurvits - Trustee

Mrs E Gurvits - Trustee

Cash flows from operating activities

Cash generated from operations

1

(97,230

)

68,416

Net cash (used in)/provided by operating activities

(97,230

)

68,416

Cash flows from financing activities

Loan repayments in year

(1,667

)

(10,000

)

Net cash used in financing activities

(1,667

)

(10,000

)

Change in cash and cash equivalents in the reporting period

(98,897

)

58,416

Cash and cash equivalents at the beginning of the reporting period

170,727

112,311

Cash and cash equivalents at the end of the reporting period

71,830

170,727

1.	RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

2026

2025

£

£

Net (expenditure)/income for the reporting period (as per the Statement of Financial Activities)

(90,957

)

63,916

Adjustments for:

Decrease in debtors

2,000

4,500

Decrease in creditors

(8,273

)

-

Net cash (used in)/provided by operations

(97,230

)

68,416

2.	ANALYSIS OF CHANGES IN NET FUNDS

At 1.6.25

Cash flow

At 31.5.26

£

£

£

Net cash

Cash at bank

170,727

(98,897

)

71,830

170,727

(98,897

)

71,830

Debt

Debts falling due within 1 year

(10,000

)

8,333

(1,667

)

Debts falling due after 1 year

(1,667

)

1,667

-

(11,667

)

10,000

(1,667

)

Total

159,060

(88,897

)

70,163

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.

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. For donations and legacies, entitlement is the earlier of the charity being notified of an impending distribution or the donation or legacy being received.

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.

Allocation and apportionment of costs

Support costs have been allocated to governance costs and comprise costs involving the public accountability of the charity and its compliance with regulations.

Governance costs have been allocated to donations paid under charitable activities.

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

All funds are unrestricted and can be used in accordance with the charitable objectives at the discretion of the trustees.

Going concern

The accounts have been prepared on the going concern basis. The trustees consider that there are no material uncertainties regarding the charity's ability to continue in operational existence for the foreseeable future, which is deemed to be 12 months from the date of approval of the financial statements.

2.	DONATIONS AND LEGACIES

2026

2025

£

£

Donations

558,580

651,501

Gift aid

18,645

20,603

577,225

672,104

3.	INVESTMENT INCOME

2026

2025

£

£

Rents received

806

175

4.	CHARITABLE ACTIVITIES COSTS

Grant

funding of

activities

Support

(see note

costs (see

5)

note 6)

Totals

£

£

£

Grants to charitable institutions

667,198

-

667,198

Charitable activities

-

1,790

1,790

667,198

1,790

668,988

5.	GRANTS PAYABLE

2026

2025

£

£

Grants to charitable institutions

667,198

606,402

Donations and grants comprise amounts paid to institutions in accordance with the charity's objects. All donations were paid directly from the charity to the institutions, as follows:

Name of charitable organisation

Total donation (£

)

College for Higher Rabbinical Studies

117,000

Chasdei Sholom

99,000

Start Upright

63,000

Aniyei Haolam Trust

55,100

Chasdei Aharon Ltd

49,000

Congregation Sharei Sholom Tchabe Ltd

45,000

Tchabe Kollel Ltd

35,000

Mercaz Chasidei Wiznitz Trust

32,000

Higher Talmudical Education Limited

21,800

Keren Habinyan Limited

20,000

North London Welfare and Educational Foundation

16,500

Torah Family Support Network Ltd

14,000

Beis Yaakov Primary School Foundation

11,250

Kupath Gemach Trust

10,000

Keren Yedidei Beis Viznitz Ltd

10,000

Hatzola Northwest Trust Limited

10,000

Community Concern London

8,333

Mercaz Hatorah Netzach Yisroel

6,800

Friends of Chevron Yeshiva Givaat Mordechai

5,000

Other

38,415

Total

667,198

6.	SUPPORT COSTS

Governance

Finance

costs

Totals

£

£

£

Charitable activities

282

1,508

1,790

7.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 May 2026 nor for the year ended 31 May 2025.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 May 2026 nor for the year ended 31 May 2025.

8.	INVESTMENT PROPERTY

£

FAIR VALUE

At 1 June 2025

and 31 May 2026

31,850

NET BOOK VALUE

At 31 May 2026

31,850

At 31 May 2025

31,850

9.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Other debtors

18,500

20,500

10.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts (see note 12)

1,667

10,000

Accruals and deferred income

1,260

1,200

2,927

11,200

11.	CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans (see note 12)

-

1,667

12.

LOANS

An analysis of the maturity of loans is given below:

2026

2025

£

£

Amounts falling due within one year on demand:

Bank loans

1,667

10,000

Amounts falling between one and two years:

Bank loans - 1-2 years

-

1,667

13.	RELATED PARTY DISCLOSURES

During the year, donations totalling £558,580 were received from trustees and companies controlled by trustees.