REGISTERED COMPANY NUMBER: 05915569 (England and Wales)

REGISTERED CHARITY NUMBER: 1117028

Report of the Trustees and

Unaudited Financial Statements

FOR THE YEAR ENDED

31 December 2025

for

BETTER WORLD CHARITY LTD

Page

Report of the Trustees

1

to

4

Independent Examiner's Report

5

Statement of Financial Activities

6

Balance Sheet

7

to

8

Cash Flow Statement

9

Notes to the Cash Flow Statement

10

Notes to the Financial Statements

11

to

17

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 December 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

Objectives and aims

The charity's objects, which are set out in its Memorandum of Association as follows:

(a) To promote the spiritual and moral advancement of humanity through education, self-improvement and the

encouragement of individuals to undertake a variety of volunteer programmes and in particular by promoting

charitable activities.

(b) To promote the education of Jewish individuals and the alleviation of poverty among Jewish and wider

communities throughout the world.

(c) Other charitable activities that the trustees may from time to time determine.

(d) To advance the education of the public in general on the subject of Well-being and Mental Health

Significant activities

The Charity carries out these objects for the public benefit by operating three main projects, known as the

Rabbinical Training Academy (RTA), Tikun, and the Three Principles Conference. Each works

within its own designated budget and funds.

Rabbinic Training Academy

This programme aims to help create a better quality of Jewish Leader today for the challenges of tomorrow. Known as the Rabbinic Training Academy (RTA) it is a learning and development programme for Rabbinic students and their families who are beginning their professional journey in Communal Leadership and Education.

Traditionally, rabbis have spent the vast majority of their training focusing on Jewish law. They often train in a vacuum which is very different from many of the realities of the professional world they must face in their future leadership roles. Inexperienced in the wider world, they must assume the role of religious, moral and spiritual leadership and responsibility, which often places people's emotional wellbeing in their hands.

The RTA aims to change how rabbinic leaders operate and educate within their communities so that they become more open minded and humane, more humble and caring as well as more understanding in how to provide guidance and support in an ever changing world. This will enable rabbinic leaders to play a significant role in contributing towards a healthier Jewish community and ultimately a better world.

Tikun

The Tikun project shares spiritual and practical Jewish wisdom on a variety of issues including happiness, developing healthy relationships and public contribution primarily, although not exclusively, for Jewish individuals. This has a profound effect on the individual, as well as the society within which they live.

Tikun is not looking for people simply to learn but to learn in order to do. For people to be better human beings rather than simply learning how to become one. It educates individuals to consider what their society, their community and their world needs and for them to respond accordingly. Tikun aims for people to become role models and leaders who will inspire those around them and start to create a grassroots movement of social change.

3PUK Conference

The Three Principles Conference is a 3 day annual event which was held in person at the Marylebone Theatre and also virtually online to allow for maximum participation. The aim of the conference is to unlock every individual's ability to discover an improved experience of life or wellbeing through an understanding of how the mind works in a relevant, enjoyable and accessible way.

When people feel comfortable with their own lives they are more able to live contently and more meaningfully contribute to the lives of others. With poor mental health becoming increasingly prevalent, the conference provides a means by which people may find their own sense of personal stability and wellbeing putting them on a path of resilience, healthy values and peace of mind.

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

Public benefit

The trustees confirm that they have complied with their duty and referred to the guidance contained in the Charity

Commission's general guidance on public benefit when reviewing the aims and objectives and in planning future

activities and setting it's educational strategy and plans for the year.

Project Review and Development

The Trustees are continually looking to review and develop the current programmes to best satisfy the objectives of the charity. This is demonstrated by the RTA programme, one of whose aims is to better meet objectives in the education of Jewish individuals. As part of ongoing reviews, this programme is continually being appraised so as to improve the experience of the those partaking in it and to further clarify the charity's aims for future years.

ACHIEVEMENTS AND PERFORMANCE

Charitable activities

Brief highlights of successful programmes this year include:

o The RTA programme took in a new cohort in September 2025. The programme continued to be a twelve month programme as it was felt that this was sufficient time to teach the syllabus. The shorter programme also saves the charity money.

o Continued to visit individuals in need who are situated in hard to reach locations e.g. psychiatric ward, hospice, hospitals etc.

o The 2025 3PUK Conference saw 250 in person and 300 attendees online. The price to attend the conference varied depending on the type of ticket that was purchased.

o The in-person conference took place at the Marylebone Theatre in Central London and was received extremely positively and the feedback received was very encouraging especially in respect to the new venue and the continuation of an in-person conference after virtual conferences during the pandemic.

o The conference welcomed back many previous speakers as well as a number of new speakers some of whom have come through the Better World programme.

FINANCIAL REVIEW

Financial position

2025 was once again a successful year both in programme impact and for the financial affairs of the charity which has built upon its previous success in prudent financial planning, fundraising and the management of its activities and funds. It has continued to develop plans and has taken steps to increase its funding base, resources and programming to reflect the continuing demand for its services and activities.

The Trustees continue to be pleased with the level of funding generated from the activities themselves, thus demonstrating that the charity is becoming less reliant on external private donations. It should be noted that this aspect has had no effect on the charity's programmes which are still wholly accessible to the financially disadvantaged with all programmes available to everyone regardless of their personal financial circumstances.

Having considered the suggestion of an independent fundraiser, it was decided not to follow this advice. The charity is very niche in its proposition and Rabbi Rosenblatt, the CEO, is best positioned to articulate the vision and direction of the charity. A professional fundraiser would be a financial risk for the charity and the trustees to not believe it is a risk worth taking.

As a charity that continues to raise a large proportion of its funds from private individuals, the Trustees recognise the major risk to the organisation should these donors choose not to give to the charity in the future. To mitigate that risk the Trustees are continually looking to expand the donor base and increase the geographic and demographic reach of its fundraising activities and efforts include successfully running an online 'matching funds' fundraising campaign in November 2025.

At the end of the accounting period the charity had reserves of circa £148,000, compared to circa £68,000 in the previous year. The trustees like to run the charity with at least a month's budget in advance (around £45,000), as reserves, and are pleased to report that this is the case. The Trustees are also proud that the charity has achieved reductions in office overheads and expenditure over the past year, reflecting their continued commitment to financial efficiency and sustainability.

With the country, and indeed the world, heading into deeper financial challenges, the Trustees feel that the fundraising situation remains difficult to predict and fluid in nature. Consequently, the Trustees are closely monitoring the levels of funding being received by the charity and its financial position in general and we believe we have taken due care to ensure that changes have been and will be implemented to ensure the going concern of Better World Charity Ltd.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Organisational structure

The affairs of the charity are governed by the Board of Trustees, of which Mrs Marlow is the Chairperson. They are responsible for setting the strategic direction of the charity, consideration of reserves, risk management, performance review and setting general organisational policy.

The Board of Trustees have decided to delegate the day to day operation of the organisation to its Management Committee, which reports directly to the Board of Trustees. From time to time the Management Committee contracts with specialised consultants and involves experienced volunteers from the business community in a variety of areas in order to establish best practice in the organisation's activities. The Management Committee operates the charity along departmental lines. The Chief Executive Officer continued to be Shaul Rosenblatt and its Chief Operating Officer since 2023 has been Charles Lossos.

Risk management

The Trustees regularly assess the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the significant potential risks.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

05915569 (England and Wales)

Registered Charity number

1117028

Registered office

First Floor Winston House

349 Regents Park Road

London

N3 1DH

Trustees

Mrs E Y Marlow

Mr D M Solomon

Mr P A Simons

Mr S A Myers (appointed 7.9.26)

Independent Examiner

Mr Aryeh Melinek, FCA

Melinek Fine LLP

Chartered Accountants

First Floor, Winston House

349 Regents Park Road

London

N3 1DH

Website

www.betterworldcharity.org

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

Mrs E Y Marlow - Trustee

Independent examiner's report to the trustees of Better World Charity Ltd ('the Company')

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

Mr Aryeh Melinek, FCA

Melinek Fine LLP

Chartered Accountants

First Floor, Winston House

349 Regents Park Road

London

N3 1DH

30 October 2026

2025

2024

Unrestricted

Restricted

Total

Total

fund

fund

funds

funds

Notes

£

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

2

773,176

52,435

825,611

759,516

Investment income

3

31

-

31

1,600

Total

773,207

52,435

825,642

761,116

EXPENDITURE ON

Raising funds

4

7,544

-

7,544

1,100

Charitable activities

5

Charitable activities

545

-

545

-

Rabbi Training activities

482,140

-

482,140

465,975

Three principles conference

55,722

-

55,722

55,063

Tikun

42,725

-

42,725

65,805

Other charitable activities

106,926

50,695

157,621

139,310

Total

695,602

50,695

746,297

727,253

NET INCOME

77,605

1,740

79,345

33,863

RECONCILIATION OF FUNDS

Total funds brought forward

67,649

628

68,277

34,414

TOTAL FUNDS CARRIED FORWARD

145,254

2,368

147,622

68,277

2025

2024

Unrestricted

Restricted

Total

Total

fund

fund

funds

funds

Notes

£

£

£

£

FIXED ASSETS

Tangible assets

12

23,600

-

23,600

21,785

Investments

13

16,500

-

16,500

16,500

40,100

-

40,100

38,285

CURRENT ASSETS

Stocks

14

1,135

-

1,135

1,155

Debtors

15

45,023

-

45,023

37,245

Cash at bank and in hand

70,199

2,368

72,567

35,406

116,357

2,368

118,725

73,806

CREDITORS

Amounts falling due within one year

16

(11,203

)

-

(11,203

)

(43,814

)

NET CURRENT ASSETS

105,154

2,368

107,522

29,992

TOTAL ASSETS LESS CURRENT LIABILITIES

145,254

2,368

147,622

68,277

NET ASSETS

145,254

2,368

147,622

68,277

FUNDS

18

Unrestricted funds

145,254

67,649

Restricted funds

2,368

628

TOTAL FUNDS

147,622

68,277

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

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

Mrs E Y Marlow - Trustee

Cash flows from operating activities

Cash generated from operations

1

42,389

(40,340

)

Net cash provided by/(used in) operating activities

42,389

(40,340

)

Cash flows from investing activities

Purchase of tangible fixed assets

(5,254

)

(3,822

)

Purchase of fixed asset investments

-

(9,996

)

Interest received

31

-

Net cash used in investing activities

(5,223

)

(13,818

)

Change in cash and cash equivalents in the reporting period

37,166

(54,158

)

Cash and cash equivalents at the beginning of the reporting period

2

35,169

89,327

Cash and cash equivalents at the end of the reporting period

2

72,335

35,169

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

2025

2024

£

£

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

79,345

33,863

Adjustments for:

Depreciation charges

3,439

5,388

Interest received

(31

)

-

Decrease in stocks

20

1,100

Increase in debtors

(7,778

)

(1,758

)

Decrease in creditors

(32,606

)

(78,933

)

Net cash provided by/(used in) operations

42,389

(40,340

)

2.	ANALYSIS OF CASH AND CASH EQUIVALENTS

2025

2024

£

£

Cash in hand

50

50

Notice deposits (less than 3 months)

72,517

35,356

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

(232

)

(237

)

Total cash and cash equivalents

72,335

35,169

3.	ANALYSIS OF CHANGES IN NET FUNDS

At 1.1.25

Cash flow

At 31.12.25

£

£

£

Net cash

Cash at bank and in hand

35,406

37,161

72,567

Bank overdrafts

(237

)

5

(232

)

35,169

37,166

72,335

Total

35,169

37,166

72,335

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, with the exception of investments which are included at market value.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

2% on cost

Fixtures and fittings

-

20% on cost

Computer equipment

-

20% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

2.	DONATIONS AND LEGACIES

2025

2024

£

£

Donations

734,131

664,166

Gift aid

23,472

24,166

Grants

14,558

-

Admissions

51,615

64,845

Book sales

1,835

6,339

825,611

759,516

Grants received, included in the above, are as follows:

2025

2024

£

£

Other grants

14,558

-

3.	INVESTMENT INCOME

2025

2024

£

£

Rents received

-

1,600

Deposit account interest

31

-

31

1,600

4.	RAISING FUNDS

Raising donations and legacies

2025

2024

£

£

Fundraising

5,000

-

Other trading activities

2025

2024

£

£

Opening stock

1,155

2,255

Purchases

2,524

-

Closing stock

(1,135

)

(1,155

)

2,544

1,100

Aggregate amounts

7,544

1,100

5.	CHARITABLE ACTIVITIES COSTS

Grant

funding of

activities

Support

Direct

(see note

costs (see

Costs

6)

note 7)

Totals

£

£

£

£

Charitable activities

545

-

-

545

Rabbi Training activities

482,140

-

-

482,140

Three principles conference

55,722

-

-

55,722

Tikun

42,725

-

-

42,725

Other charitable activities

86,016

50,695

20,910

157,621

667,148

50,695

20,910

738,753

6.	GRANTS PAYABLE

2025

2024

£

£

Other charitable activities

50,695

14,283

7.	SUPPORT COSTS

Governance

Management

Finance

costs

Totals

£

£

£

£

Other charitable activities

18,062

328

2,520

20,910

8.	NET INCOME/(EXPENDITURE)

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

2025

2024

£

£

Depreciation - owned assets

3,439

5,389

9.	TRUSTEES' REMUNERATION AND BENEFITS

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

Trustees' expenses

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

10.	STAFF COSTS

2025

2024

£

£

Wages and salaries

186,885

193,547

Social security costs

933

14,827

Other pension costs

149

3,361

187,967

211,735

The average monthly number of employees during the year was as follows:

2025

2024

Employees

6

6

The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:

2025

2024

£90,001 - £100,000

1

1

11.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted

Restricted

Total

fund

fund

funds

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

744,580

14,936

759,516

Investment income

1,600

-

1,600

Total

746,180

14,936

761,116

EXPENDITURE ON

Raising funds

1,100

-

1,100

Charitable activities

Rabbi Training activities

465,975

-

465,975

Three principles conference

55,063

-

55,063

Tikun

65,805

-

65,805

Other charitable activities

125,002

14,308

139,310

Total

712,945

14,308

727,253

NET INCOME

33,235

628

33,863

RECONCILIATION OF FUNDS

Total funds brought forward

34,414

-

34,414

TOTAL FUNDS CARRIED FORWARD

67,649

628

68,277