Ezer Bekovoid Limited - Charities report

REGISTERED COMPANY NUMBER: 07330341 (England and Wales)

REGISTERED CHARITY NUMBER: 1138167

EZER BEKOVOID LIMITED

(A COMPANY LIMITED BY GUARANTEE)

REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

Page

Reference and Administrative Details

1

Report of the Trustees

2

to

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

13

TRUSTEES

A Langberg

J A Ost

J Teitelbaum

B Goldstein

REGISTERED OFFICE

6 Grosvenor Way

London

E5 9ND

REGISTERED COMPANY
NUMBER

07330341 (England and Wales)

REGISTERED CHARITY
NUMBER

1138167

BANKERS

United Mizrahi Tefahot Bank Ltd

30 Old Broad Street

London

EC2N 1HQ

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 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).

Reference and administrative information

Reference and administrative information is shown on page 1 of the financial statements and forms part of this report.

OBJECTIVES AND ACTIVITIES

Objectives and aims for public benefit

The objects of the charity are the advancement of the Orthodox Jewish Faith, advancement of education, relief of poverty and such other purposes as are recognised by English Law as charitable.

The trustees confirm that they have referred to the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives. The charity carries out its objects by grantmaking.

Grant making policy

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

ACHIEVEMENTS AND PERFORMANCE

Charitable activities

The charity receives its income from donations. There was a small decrease in donations although the trustees reduced grantmaking substantially there was a deficit for the year. The main grant recipients were the Keser Malchus Girls' School and Bachatzros Kodshecho Boys' School. Grants were also provided to individuals who found themselves in particular financial hardship.

FINANCIAL REVIEW

Reserves policy

The trustees do not seek to maintain significant levels of reserves, other than to ensure that they can continue the activities of the charity. Reserves at the year end were £262,070 (2024 - £431,400).

FUTURE PLANS

The trustees anticipate that the charity will continue on a similar basis in the foreseeable future subject to satisfactory income and there are no plans for any major changes.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is constituted as a limited company and is governed by its Memorandum and Articles of Association dated 29 July 2010.

Organisational structure

The day to day affairs of the charity are administered by the trustees. The power to appoint new trustees is vested in the continuing board. It is not the intention of the trustees of the charity to appoint any new trustees. Should the situation change in the future, the trustees will apply suitable recruitment induction and training procedures.

Risk management

The trustees have reviewed the major risks to which the charity is exposed and confirm that they have established systems to mitigate them.

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 4 September 2026 and signed on its behalf by:

J Teitelbaum - Trustee

2025

2024

Unrestricted

Total

funds

Notes

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

2

913,966

925,141

EXPENDITURE ON

Raising funds

3

13,154

1,702

Charitable activities

4

Grantmaking

1,007,624

1,192,745

Support

62,518

24,079

Total

1,083,296

1,218,526

NET INCOME/(EXPENDITURE)

(169,330

)

(293,385

)

RECONCILIATION OF FUNDS

Total funds brought forward

431,400

724,785

TOTAL FUNDS CARRIED FORWARD

262,070

431,400

CONTINUING OPERATIONS

The statement of financial activities includes all gains and losses arising in the year.

All income and expenditure has arisen from continuing activities.

2025

2024

Total

funds

Notes

£

CURRENT ASSETS

Debtors

9

3,601,885

3,914,115

Cash at bank

7,475

34,989

3,609,360

3,949,104

CREDITORS

Amounts falling due within one year

10

(716,024

)

(987,419

)

NET CURRENT ASSETS

2,893,336

2,961,685

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,893,336

2,961,685

CREDITORS

Amounts falling due after more than one year

11

(2,631,266

)

(2,530,285

)

NET ASSETS/(LIABILITIES)

262,070

431,400

FUNDS

13

Unrestricted funds:

General fund

262,070

431,400

TOTAL FUNDS

262,070

431,400

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 4 September 2026 and were signed on its behalf by:

J Teitelbaum - Trustee

Cash flows from operating activities

Cash generated from operations

1

3,239

8,532

Interest paid

(26,319

)

(18,018

)

Net cash used in operating activities

(23,080

)

(9,486

)

Change in cash and cash equivalents
in the reporting period

(23,080

)

(9,486

)

Cash and cash equivalents at the
beginning of the reporting period

2

30,555

40,041

Cash and cash equivalents at the end
of the reporting period

2

7,475

30,555

1.	RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES

2025

2024

£

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

(169,330

)

(293,385

)

Adjustments for:

Interest paid

26,319

18,018

Decrease in debtors

312,230

-

(Decrease)/increase in creditors

(165,980

)

283,899

Net cash provided by operations

3,239

8,532

2.	ANALYSIS OF CASH AND CASH EQUIVALENTS

2025

2024

£

Notice deposits (less than 3 months)

7,475

34,989

Overdrafts included in bank loans and overdrafts falling due within one
year

-

(4,434

)

Total cash and cash equivalents

7,475

30,555

3.	ANALYSIS OF CHANGES IN NET FUNDS

At 1.11.24

Cash flow

At 31.10.25

£

Net cash

Cash at bank

34,989

(27,514

)

7,475

Bank overdraft

(4,434

)

4,434

-

30,555

(23,080

)

7,475

Total

30,555

(23,080

)

7,475

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.

Support costs are those incurred to assist the work of the charity but are not direct charitable activities.

Governance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.

Taxation

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

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.

Financial instruments

The charity only has financial assets and liabilities of a kind that qualify as basic financial instruments.

Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.

Current assets and current liabilities are subsequently measured at the amount expected to be received or paid and not discounted.

Going Concern

There are no material uncertainties about the charity's ability to continue.

2.	DONATIONS AND LEGACIES

2025

2024

Unrestricted

Total

funds

£

Donations

913,966

925,141

3.	RAISING FUNDS

Raising donations and legacies

2025

2024

Unrestricted

Total

funds

£

Fundraising costs

5,652

444

Office expenses

1,401

430

Printing, postage and advertising

6,101

828

13,154

1,702

4.	CHARITABLE ACTIVITIES COSTS

Grant

funding of

activities

Support

(see note

costs (see

5)

note 6)

Totals

£

Grantmaking

1,007,624

-

1,007,624

Support

-

62,518

1,007,624

62,518

1,070,142

5.	GRANTS PAYABLE

2025

2024

£

Grantmaking

1,007,624

1,192,745

The total grants paid to institutions during the year was as follows:

2025

2024

£

Advancement of education

528,554

511,270

Relief of poverty

3,660

47,025

Advancement of religion

446,199

615,620

978,413

1,173,915

Bechatzros Kodshecho

446,199

Keter Malchus

528,554

Others

3,660

978,413

The total grants paid to individuals during the year was as follows:

2025

2024

£

Relief of poverty

29,211

18,830

6.	SUPPORT COSTS

Governance

Management

Finance

costs

Totals

£

Support

5,877

52,446

4,195

62,518

Support costs, included in the above, are as follows:

2025

2024

Total

Support

activities

£

Telephone

601

512

Sundries

5,276

29

Bank charges

2,154

1,326

Foreign exchange gains/losses

23,973

-

Interest payable and similar charges

26,319

18,018

Independent examiner's fee

1,680

1,920

Independent examiner's other fees

2,040

1,920

General expenses

475

354

62,518

24,079

7.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 October 2025 nor for the year ended 31 October 2024.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 October 2025 nor for the year ended 31 October 2024.

8.	AVERAGE STAFF NUMBERS

The average number of staff in the year was Nil (2024 - Nil)

9.

DEBTORS

2025

2024

£

Amounts falling due within one year:

Other debtors

2,416,410

2,728,640

Amounts falling due after more than one year:

Other debtors

1,185,475

Aggregate amounts

3,601,885

3,914,115

Other debtors falling due after more than one year comprise secured charitable loans made to Keser Malchus, a girls' school located in Israel.

10.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts (see note 12)

-

4,434

Other creditors

706,822

970,504

Accruals and deferred income

9,202

12,481

716,024

987,419

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

2025

2024

£

Other creditors

2,631,266

2,530,285

12.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

Amounts falling due within one year on demand:

Bank overdrafts

-

4,434

13.	MOVEMENT IN FUNDS

Net

At

movement

At

1.11.24

in funds

31.10.25

£

Unrestricted funds

General fund

431,400

(169,330

)

262,070

TOTAL FUNDS

431,400

(169,330

)

262,070

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

Incoming

Resources

Movement

resources

expended

in funds

£

Unrestricted funds

General fund

913,966

(1,083,296

)

(169,330

)

TOTAL FUNDS

913,966

(1,083,296

)

(169,330

)

Comparatives for movement in funds

Net

At

movement

At

1.11.23

in funds

31.10.24

£

Unrestricted funds

724,785

(293,385

)

431,400

TOTAL FUNDS

724,785

(293,385

)

431,400

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

Incoming

Resources

Movement

resources

expended

in funds

£

Unrestricted funds

925,141

(1,218,526

)

(293,385

)

TOTAL FUNDS

925,141

(1,218,526

)

(293,385

)

14.	RELATED PARTY DISCLOSURES

Other debtors of £2,416,410 (2024 - £2,728,640), other payments of £26,319(2024- £18,018) and other creditors amounting to £1,914,653 (2024 - £1,671,208) are due to companies of which certain trustees of this charity have significant influence.