REGISTERED COMPANY NUMBER: 05219183 (England and Wales)

REGISTERED CHARITY NUMBER: 1112797

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 SEPTEMBER 2025

FOR

YAD VOCHESSED ASSOCIATION LIMITED

Page

Report of the Trustees

1

to

3

Independent Examiner's Report

4

Statement of Financial Activities

5

Balance Sheet

6

Cash Flow Statement

7

Notes to the Cash Flow Statement

8

Notes to the Financial Statements

9

to

13

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 September 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).

OBJECTIVES AND ACTIVITIES

Aims, Objectives and Activities for the Public Benefit

The charity’s objects are to advance charitable purposes for the public benefit, whether by making grants or otherwise, as the trustees consider appropriate. In particular, the charity focuses on the following areas:

Prevention or Relief of Poverty:

The charity aims to alleviate poverty and financial hardship by providing grants to individuals in need and to charitable organisations working to prevent or relieve poverty.

Advancement of Education:

The charity supports the advancement of education, especially in relation to the Jewish religion, by making grants to institutions engaged in the promotion of Jewish knowledge and learning.

The charity regularly supports a range of institutions, organisations, and individuals whose work aligns with its charitable purposes. All beneficiaries are identified through careful consideration by the trustees to ensure alignment with the charity’s aims.

Public benefit

The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning future activities.

Grantmaking

Grants are made to charitable institutions, organisations, and individuals following appropriate due diligence by the trustees. The trustees ensure that all grants are consistent with the charity’s objectives and that funds are used solely for charitable purposes.

Volunteers

The charity had no volunteers during the year. The trustees freely contribute their time and expertise to support the charity’s work and do not receive any remuneration.

ACHIEVEMENTS AND PERFORMANCE

Charitable activities

During the year, the charity distributed charitable grants totalling £975,883 (2024: £2,840,621).

Of this amount, £923,078 (2024: £2,504,995) was granted to charitable institutions, including schools, community organisations and poverty relief initiatives. A further £52,805 (2024: £335,626) was granted directly to individuals experiencing financial hardship.

All grants underwent appropriate due diligence by the trustees to ensure that the funds were used solely for charitable purposes and in full alignment with the charity’s objectives.

Internal and external factors

In 2025 the charity became subject to an inquiry by the Charity Commission regarding certain aspects of its governance and financial operations. The trustees are fully cooperating with the Commission and have taken proactive steps to ensure all necessary information and documentation has been provided.

As an interim regulatory measure, the Commission directed the charity to temporarily suspend the issuing of cheques. However, the charity has been permitted to continue operating and fulfilling its charitable objectives through other means, including electronic bank transfers.

The trustees remain committed to maintaining high standards of transparency, accountability and regulatory compliance.

FINANCIAL REVIEW

Reserves policy

The charity aims to maintain sufficient reserves to allow it to continue its grantmaking activities at a consistent level and to ensure it can respond to urgent or unforeseen requests for support from individuals or institutions in need.

As at 30 September 2025, the charity held £847 in cash and had no restricted funds. The charity’s activities continue to be supported by donor funding, including donations received after the year end.

Funds in deficit

At the year end, the charity’s unrestricted funds were in deficit. However, the trustees received further donations after the balance sheet date and are satisfied that the charity has adequate resources to continue operating. Accordingly, the financial statements have been prepared on a going concern basis.

FUTURE PLANS

The trustees intend to continue supporting charitable institutions and individuals in line with the charity’s grantmaking policy and will seek to maintain sufficient levels of income to enable this work to continue effectively.

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.

Organisational structure

The charity is governed by a board of three trustees, whose names are listed below. While the trustees hold formal meetings on a quarterly basis to review the charity’s activities, financial position, and compliance with record-keeping requirements, they also maintain close and regular informal contact throughout the year to manage the charity’s affairs and respond to operational matters as they arise.

Induction and training of new trustees

New trustees must familiarise themselves with the content of the Memorandum and Articles of Association, their legal obligations under charity and company law, the organisational structure of Yad Vochessed Association Ltd and the recent financial performance of the charity.

Related parties

Details of transactions with 'Related Parties' are disclosed in Note 13 to the Financial Statements.

Risk management

The trustees have assessed the major risks to which the charity is exposed, particularly those related to its financial operations, governance, and compliance. These include the risk of misapplication of funds, regulatory non-compliance, and reputational risk. The trustees are satisfied that appropriate systems and internal controls are in place to mitigate these risks, including regular review of financial records, implementation of updated financial controls and conflict of interest policies, and ongoing trustee oversight of all grant-making activities.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

05219183 (England and Wales)

Registered Charity number

1112797

Registered office

First Floor, Winston House

349 Regents Park Road

London

N3 1DH

Trustees

Mr D Krautwirt

Mr J Lipschitz

Mrs F Lipschitz

Company Secretary

Mr J Lipschitz

Independent Examiner

Melinek Fine LLP

Chartered Accountants

First Floor, Winston House

349 Regents Park Road

London

N3 1DH

Approved by order of the board of trustees on 30 July 2026 and signed on its behalf by:

Mr J Lipschitz - Trustee

Independent examiner's report to the trustees of Yad Vochessed Association Limited ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 September 2025.

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.

Danny Fine, FCA

Melinek Fine LLP

Chartered Accountants

First Floor, Winston House

349 Regents Park Road

London

N3 1DH

30 July 2026

2025

2024

Unrestricted

Total

funds

funds

Notes

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

2

998,477

2,768,705

EXPENDITURE ON

Charitable activities

3

Charitable activities

20,628

10,498

Education

753,463

1,832,405

Relief of Poverty

143,938

550,040

Community Development

78,482

458,176

Total

996,511

2,851,119

NET INCOME/(EXPENDITURE)

1,966

(82,414

)

RECONCILIATION OF FUNDS

Total funds brought forward

(15,047

)

67,367

TOTAL FUNDS CARRIED FORWARD

(13,081

)

(15,047

)

2025

2024

Unrestricted

Total

funds

funds

Notes

£

£

CURRENT ASSETS

Debtors

8

15,389

15,389

Cash at bank

847

5,759

16,236

21,148

CREDITORS

Amounts falling due within one year

9

(29,317

)

(27,862

)

NET CURRENT ASSETS/(LIABILITIES)

(13,081

)

(6,714

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(13,081

)

(6,714

)

CREDITORS

Amounts falling due after more than one year

10

-

(8,333

)

NET ASSETS/(LIABILITIES)

(13,081

)

(15,047

)

FUNDS

12

Unrestricted funds

(13,081

)

(15,047

)

TOTAL FUNDS

(13,081

)

(15,047

)

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2025 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 30 July 2026 and were signed on its behalf by:

Mr J Lipschitz - Trustee

Cash flows from operating activities

Cash generated from operations

1

5,088

(84,212

)

Net cash provided by/(used in) operating activities

5,088

(84,212

)

Cash flows from financing activities

Loan repayments in year

(10,000

)

(10,000

)

Net cash used in financing activities

(10,000

)

(10,000

)

Change in cash and cash equivalents in the reporting period

(4,912

)

(94,212

)

Cash and cash equivalents at the beginning of the reporting period

5,759

99,971

Cash and cash equivalents at the end of the reporting period

847

5,759

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

2025

2024

£

£

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

1,966

(82,414

)

Adjustments for:

Increase in debtors

-

(9,690

)

Increase in creditors

3,122

7,892

Net cash provided by/(used in) operations

5,088

(84,212

)

2.	ANALYSIS OF CHANGES IN NET DEBT

At 1.10.24

Cash flow

At 30.9.25

£

£

£

Net cash

Cash at bank

5,759

(4,912

)

847

5,759

(4,912

)

847

Debt

Debts falling due within 1 year

(10,000

)

1,666

(8,334

)

Debts falling due after 1 year

(8,333

)

8,333

-

(18,333

)

9,999

(8,334

)

Total

(12,574

)

5,087

(7,487

)

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.

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.

2.	DONATIONS AND LEGACIES

2025

2024

£

£

Donations

998,477

2,768,705

3.	CHARITABLE ACTIVITIES COSTS

Grant

funding of

activities

Support

(see note

costs (see

4)

note 5)

Totals

£

£

£

Charitable activities

-

20,628

20,628

Education

753,463

-

753,463

Relief of Poverty

143,938

-

143,938

Community Development

78,482

-

78,482

975,883

20,628

996,511

4.	GRANTS PAYABLE

2025

2024

£

£

Education

753,463

1,832,405

Relief of Poverty

143,938

550,040

Community Development

78,482

458,176

975,883

2,840,621

The total grants paid to institutions during the year was £923,078 (2024: £2,504,995). A summary of grants made to institutions during the year is as follows:

Name of Institution

Amount (£

)

Beis Aharon Charitable Trust Limited

210,185

Kupas Toras Chesed Ltd

39,246

Heichalei Hakodesh Centre Machnovke Belz

38,700

TTBA Belz

19,453

Maamodos

16,055

Yeshiva Horomo Talmudical college

14,400

Mikva Beitar

14,100

Talmud Torah Kedushas Aharon BS

13,500

Kolel Belz Machnovkeh Limited

13,413

Yeshiva Ketane Rav Asi

13,106

Machzikei Lomdei Torah

12,500

Kupas Hakohol Belz Machnovke

12,400

Mesifta Talmudical College

12,342

Reshet Hakollelim

11,145

Mosdos Beitar

11,013

Hogei Torah

10,970

Other

460,550

Total grants to institutions

923,078

5.	SUPPORT COSTS

Governance

Finance

costs

Totals

£

£

£

Charitable activities

548

20,080

20,628

6.	NET INCOME/(EXPENDITURE)

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

2025

2024

£

£

The auditing of accounts of any associate of the charity

-

5,000

7.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 30 September 2025 nor for the year ended 30 September 2024.

Trustees' expenses

There were no trustees' expenses paid for the year ended 30 September 2025 nor for the year ended 30 September 2024.

8.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

15,389

15,389

9.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts (see note 11)

8,334

10,000

Trade creditors

13,832

7,132

Other creditors

1,212

1,730

Accruals and deferred income

5,939

9,000

29,317

27,862

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

2025

2024

£

£

Bank loans (see note 11)

-

8,333

11.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

£

Amounts falling due within one year on demand:

Bank loans

8,334

10,000

Amounts falling between one and two years:

Bank loans - 1-2 years

-

8,333

12.	MOVEMENT IN FUNDS

Net

At

movement

At

1.10.24

in funds

30.9.25

£

£

£

Unrestricted funds

General fund

(15,047

)

1,966

(13,081

)

TOTAL FUNDS

(15,047

)

1,966

(13,081

)

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

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

998,477

(996,511

)

1,966

TOTAL FUNDS

998,477

(996,511

)

1,966

Comparatives for movement in funds

Net

At

movement

At

1.10.23

in funds

30.9.24

£

£

£

Unrestricted funds

General fund

67,367

(82,414

)

(15,047

)

TOTAL FUNDS

67,367

(82,414

)

(15,047

)

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

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

2,768,705

(2,851,119

)

(82,414

)

TOTAL FUNDS

2,768,705

(2,851,119

)

(82,414

)

13.	RELATED PARTY DISCLOSURES

During the year, the charity received donations totalling £143,300 (2024: £169,575) from charities in which a trustee of the charity also serves as a trustee.

At 30 September 2025, £1,780 (2024: £1,780) was due from charities in which a trustee of the charity also serves as a trustee.

During the year, the charity made donations totalling £251,836 (2024: £352,110) to charities in which a trustee of the charity also serves as a trustee .