**REGISTERED CHARITY NUMBER: 1005809** **Report of the Trustees and** **Unaudited Financial Statements FOR THE PERIOD 1 January 2024 to 31 October 2024** **for** ## **THE FRIENDS OF YESHIVAS BRISK** Melinek Fine LLP Chartered Accountants First Floor, Winston House 349 Regents Park Road London N3 1DH **THE FRIENDS OF YESHIVAS BRISK** **Contents of the Financial Statements FOR THE PERIOD 1 JANUARY 2024 TO 31 OCTOBER 2024** ||**Page**| |---|---| |**Report of the Trustees**|1 to 2| |**Independent Examiner's Report**|3| |**Statement of Financial Activities**|4| |**Balance Sheet**|5| |**Cash Flow Statement**|6| |**Notes to the Cash Flow Statement**|7| |**Notes to the Financial Statements**|8 to 9| **THE FRIENDS OF YESHIVAS BRISK** ## **Report of the Trustees FOR THE PERIOD 1 JANUARY 2024 TO 31 OCTOBER 2024** The trustees present their report with the financial statements of the charity for the period 1 January 2024 to 31 October 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** ## **Public benefit** In setting the objectives and planning the activities, the charity has given careful consideration to the Charity Commission guidance on public benefit. The trust was established with the purpose of advancing Orthodox Jewish religious education and of promoting the Orthodox Jewish religion in general and, in particular, by assisting the Yeshivas Brisk charity. The Trust Deed authorises the trustees to make and hold investments using the general funds of the charity. ## **ACHIEVEMENT AND PERFORMANCE** ## **Charitable activities** Donations totalling £978,000, (2023: £713,500) were made by the trust during the year to Yeshivas Brisk (an advanced Talmudical College) in Jerusalem, Israel. ## **FINANCIAL REVIEW** ## **Financial position** The trustees consider that the financial performance of the charity this year was satisfactory. During the year, the charity donated to Yeshivas Brisk sufficient funds to meet its religious education and also contributed to other educational activities. In the year concerned, the trust continued to receive donations, principally from other charitable bodies and Gift Aid, together with related tax recoverable, which totalled £948,614, (2023: £742,857). ## **Principal funding sources** The funding sources for the trust are by way of donations. ## **Investment policy and objectives** It is the policy of the charity to maintain its funds in the form of liquid assets. ## **Reserves policy** The trustees anticipate that future levels of reserves will be sufficient to support the continuation of the religious education at the Yeshivas Brisk both currently and in the medium term. This is a matter which is kept under regular review. ## **FUTURE PLANS** The charity plans to continue raising funds to support Yeshivas Brisk. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing document** The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity. ## **Recruitment and appointment of new trustees** The appointment of trustees is governed by the trust deed. The Board of Trustees is authorised to appoint new trustees to fill vacancies arising through the resignation or death of existing trustees and has the power to appoint additional trustees as it considers fit. ## **Organisational structure** The Board of Trustees meets from time to time to review progress at Yeshivas Brisk. All trustees give of their time freely and no remuneration or expenses were paid in the year. No Governor or person connected with a Governor received any benefit from the Charity. Page 1 **THE FRIENDS OF YESHIVAS BRISK** ## **Report of the Trustees** **FOR THE PERIOD 1 JANUARY 2024 TO 31 OCTOBER 2024** ## **STRUCTURE, GOVERNANCE AND MANAGEMENT Induction and training of new trustees** New trustees attend an orientation meeting to brief them on their legal obligations under charity law, the contents of the trust deed, the board of trustees and the decision making processes, the business plan and recent financial performance of the charity. During the orientation meeting they meet the other trustees. ## **Risk management** The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. The Trustees actively reviews the major risks which the charity faces and believes that it has sufficient resources in the event of adverse conditions. ## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number** 1005809 ## **Principal address** 33 St Andrews Grove London N16 5NF ## **Trustees** S B Feldman A L Levison B Chontow ## **Independent Examiner** Aryeh Melinek 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 20 May 2025 and signed on its behalf by: S B Feldman - Trustee Page 2 **Independent Examiner's Report to the Trustees of The Friends of Yeshivas Brisk** ## **Independent examiner's report to the trustees of The Friends of Yeshivas Brisk** I report to the charity trustees on my examination of the accounts of The Friends of Yeshivas Brisk (the Trust) for the period 1 January 2024 to 31 October 2024. ## **Responsibilities and basis of report** As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act'). I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the 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 material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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. 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 Melinek Fine LLP Chartered Accountants First Floor, Winston House 349 Regents Park Road London N3 1DH 20 May 2025 Page 3 **THE FRIENDS OF YESHIVAS BRISK** ## **Statement of Financial Activities** **FOR THE PERIOD 1 JANUARY 2024 TO 31 OCTOBER 2024** |||Period|| |---|---|---|---| |||1.1.24|| |||to|Year Ended| |||31.10.24|31.12.23| |||Unrestricted|
Total| |||fund|funds| ||Notes|£|£| |**INCOME AND ENDOWMENTS FROM**|||| |Donations and legacies|2|948,614|742,857| |**EXPENDITURE ON**|||| |**Charitable activities**|3||| |Grants to Yeshivas Brisk||978,000|713,500| |Other charitable activities||517|3,018| |**Total**||978,517|716,518| |**NET INCOME/(EXPENDITURE)**||(29,903)|26,339| |**RECONCILIATION OF FUNDS**|||| |Total funds brought forward||43,439|17,100| |**TOTAL FUNDS CARRIED FORWARD**||13,536|43,439| The notes form part of these financial statements Page 4 **THE FRIENDS OF YESHIVAS BRISK** ## **Balance Sheet** ## **31 OCTOBER 2024** |2024
Unrestricted
fund
Notes
£
**CURRENT ASSETS**
Cash at bank
13,536
**CREDITORS**
Amounts falling due within one year
7
-
**NET CURRENT ASSETS**
13,536
**TOTAL ASSETS LESS CURRENT LIABILITIES**
13,536
**NET ASSETS**
13,536
**FUNDS**
Unrestricted funds
13,536
**TOTAL FUNDS**
13,536|2023
Total
funds
£
45,593
(2,154)
43,439
43,439
43,439
43,439
43,439| |---|---| The financial statements were approved by the Board of Trustees and authorised for issue on 20 May 2025 and were signed on its behalf by: S B Feldman - Trustee The notes form part of these financial statements Page 5 **THE FRIENDS OF YESHIVAS BRISK** ## **Cash Flow Statement FOR THE PERIOD 1 JANUARY 2024 TO 31 OCTOBER 2024** |||Period|| |---|---|---|---| |||1.1.24|| |||to|Year Ended| |||31.10.24|31.12.23| ||Notes|£|£| |**Cash flows from operating activities**|||| |Cash generated from operations|1|(32,057)|26,339| |Net cash (used in)/provided by operating activities||(32,057)|26,339| ||||| |**Change in cash and cash equivalents**|**in**||| |**the reporting period**||(32,057)|26,339| |**Cash and cash equivalents at the**|||| |**beginning of the reporting period**||45,593|19,254| |**Cash and cash equivalents at the end of**|||| |**the reporting period**||13,536|45,593| The notes form part of these financial statements Page 6 **THE FRIENDS OF YESHIVAS BRISK** ## **Notes to the Cash Flow Statement FOR THE PERIOD 1 JANUARY 2024 TO 31 OCTOBER 2024** ## **1. RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES** |**ACTIVITIES**||| |---|---|---| ||Period|| ||1.1.24|| ||to|Year Ended| ||31.10.24|31.12.23| ||£|£| |**Net (expenditure)/income for the reporting period (as per the**||| |**Statement of Financial Activities)**|(29,903)|26,339| |**Adjustments for:**||| |Decrease in creditors|(2,154)|-| |**Net cash (used in)/provided by operations**|(32,057)|26,339| ## **2. ANALYSIS OF CHANGES IN NET FUNDS** ||At 1.1.24|Cash flow|At 31.10.24| |---|---|---|---| ||£|£|£| |**Net cash**|||| |Cash at bank|45,593|(32,057)|13,536| ||45,593|(32,057)|13,536| |**Total**|45,593|(32,057)|13,536| The notes form part of these financial statements Page 7 **THE FRIENDS OF YESHIVAS BRISK** **Notes to the Financial Statements FOR THE PERIOD 1 JANUARY 2024 TO 31 OCTOBER 2024** ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements of the charity, 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 Charities Act 2011. 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 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** |Donations
Gift aid|Period
1.1.24
to
Year Ended
31.10.24
31.12.23
£
£
945,989
716,607
2,625
26,250
948,614
742,857| |---|---| continued... Page 8 **THE FRIENDS OF YESHIVAS BRISK** ## **Notes to the Financial Statements - continued FOR THE PERIOD 1 JANUARY 2024 TO 31 OCTOBER 2024** ## **3. CHARITABLE ACTIVITIES COSTS** |Grants to Yeshivas Brisk
Other charitable activities
**4.**
**GRANTS PAYABLE**
Grants to Yeshivas Brisk
**5.**
**SUPPORT COSTS**
Other charitable activities|Grant
funding of
activities
Support
(see note
costs (see
4)
note 5)
Totals
£
£
£
978,000
-
978,000
-
517
517
978,000
517
978,517
Period
1.1.24
to
Year Ended
31.10.24
31.12.23
£
£
978,000
713,500
Governance
Finance
costs
Totals
£
£
£
217
300
517| |---|---| ## **6. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the period ended 31 October 2024 nor for the year ended 31 December 2023. ## **Trustees' expenses** There were no trustees' expenses paid for the period ended 31 October 2024 nor for the year ended 31 December 2023. ## **7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** |Other creditors|2024
£
-|2023
£
2,154| |---|---|---| ## **8. RELATED PARTY DISCLOSURES** There were no related party transactions for the period ended 31 October 2024. Page 9