## **THE EUROPEAN YARCHEI KALLOH** **FINANCIAL STATEMENTS** ## **FOR THE** **YEAR ENDED 31 MARCH 2023** **CHARITY NUMBER 1059627** **THE EUROPEAN YARCHEI KALLOH** ## **FINANCIAL STATEMENTS** **YEAR ENDED 31 MARCH 2023** |**CONTENTS**|**PAGES**| |---|---| |Trustees Annual Report|**3 to 4**| |Independent Examiner’s Report|**5**| |Statement of Financial Activities|**6**| |Statement of Financial Position|**7**| |Notes to the Financial Statements|**8**| **THE EUROPEAN YARCHEI KALLOH** ## **TRUSTEES ANNUAL REPORT YEAR ENDED 31 MARCH 2023** The trustees have pleasure in presenting their report and the unaudited financial statements of the charity for the year ended 31 March 2023. ## **LEGAL STATUS AND ADMINISTRATIVE INFORMATION** The name of the charity is The European Yarchei Kalloh. It is constituted by Deed of Trust dated 29th October 1996 and is a registered charity and the charity registration number is 1059627. Its address is 29 Wargrave Avenue, London N15 6UH. Day to day affairs of the charity are administered by the trustees, the Chair of which is Mr Michael Lobenstein. ## **OBJECTIVES AND POLICIES OF THE CHARITY** The objects of the charity are the advancement and promotion of the Orthodox Jewish religion and Orthodox Jewish religious education and in particular the Yarchei Kalloh scheme. The Trustees confirm their compliance with the duty to have due regard to the public benefit guidance published by the Charity Commission when reviewing the charity’s aims and objectives and in planning future activities. ## **REVIEW OF ACTIVITIES** The charity continued to sponsor European Yarchei Kalloh activities in Europe and especially the annual study programme which took place last year in England. ## **GRANT MAKING POLICY** Grants are made by Trustees in accordance with the objectives of the charity. ## **INVESTMENT AND RESERVES POLICY** The reserves of the charity are represented by the unrestricted funds arising from past operating results. The Trustees are satisfied that the balance of the reserves as at the year end is sufficient for at least one years' expenditure. However, the Trustees consider that, given the potential for expanding work in this field, an increased level of reserves should be maintained to enable the charity to sponsor larger projects in the future in other locations. ## **THE TRUSTEES** The trustees who served the charity during the year were as follows: Mr. M. Lobenstein, Mr J. Schonberg. ## **RISK FACTORS** The Charity has assessed the major risks to which the charity is exposed in particular those to the operations and finances of the charity and is satisfied that the systems in place mitigate its exposure to those risks. **- 3 -** THE EL]iOPEA.N YARCHEI KALLOH TRUSTELS ANNL'AL REK)RT ITAR ENDED 31 MARCH 2023 TRIISTEES, RESPONSIBILITIES The charity's trustees are responsible for preparing ihe Trustees Annual Report and the Iinancial s(atements in accordance wilh applicable law and Uniied Kingdom Accouniing Standards Iuniled Kingjdorn Generdll). Accepicd Accounling P￿lICe}. 'rhe law appliLable to charilics in England and ￿'a]eS rcquires ihe irusiccs to preparc finai)¢ial stalcmenis for cach financial >'ear which gyive a true and fair viei4' of ihc %lalc of afiairs of ihc charily and of the incoming rcsourccs and application of rcsourccs of the charil). for Ihai pcriod. In preparing ihcse financial sthtcmeni& the truslees are requircd to: s¢lcct suitable accounting w)licics and Ihcn apply ihem consistcnily. obscrvc thc mcthods and principles in the Charilics SORP- mokc judBemcnis and estimates ihai arc r¢&sonable and wudcnt; stale whciher applicablc accountinb? standards havL bcen followcd. subjcci in Éin mailrial dcpanurl's discloscd and Lxplaincd in the financial siatcmenls: prcpgre Ihc financial slatcmcnis on Ihc going conccrn basis unless il is inappropriate io prcsume ihai ihe ¢h8rily will coniinuc in 0￿ratIon. -rhL Iruslccs arc responsible for ke¢ping' proper accounting rccords that disc105¢ willi rcas()nablc aecura¢)' al an> lime thc financial posilion orth¢ charily and ¢nable Ihcm to insure that Ihe financial statemcnls compl). with ihc CharTrlie% Act ?01 l. 'I'hL Iru%iees are also respon%ihle for safeguarding the assds of ihe charit>. #nd hence for iakinb• rcasiinable %leps fnr thc prevention and deieciion of fra￿ and oihcr irregularitics. igjncd by order of thc truslces r. Jacob Schonber% rustee Approved by ihe trustees on l (Y July 2023 THE EUROPEAN YARCHEI KALLOH INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE EUROPEAN YARCHEI KALLOH YEAR ENDED 31 MARCH 2023 I report on the accounts of the chan.ty for the year ended 31 March 2023 set out on pages 6 to 8. RESPECTIVE RESPONSIBILITIES OF TRLSTEES AND INDEPENDENT EXAMINER The charity's trusiees are responsible for the prepardtion of the accounts. The charily's trustees consider thai an audit is noi required for this ycar under section 144 of the Chariti¢s Aci 2011 (the Charitics Aci) and ihat an Indepcndcnt cxamination Is n¢¢dcd. It is my responsibiliry io.. cxamine ihe accounls under seciion 145 of the Charitieq Act, lo follow the procedures laid down in the generdl Directions givcn by the Charity Conimis.%ion (undcr seciion 145(5)(b) of ihe Charities Acl, and to state whether particular mafiers have come to my atiention. BASIS OF INDEPENDENT EXAMINER'S STATEMEYT My examinaiion was catTiLd nut in accordance with gTeneral Directions given by the Charily Commissi()n. An examination includes a review of Ihe accounlingF reLords k¢pl by the charitv and a Comparison of the accounts presenled with ihose reLords. It also includes consideration of any unusual Items or disclosures In the accounls, and seeking explanaiions from the Irusiees concerning any such mailers. The procedures undertaken do nol provide all the evidence thal would be required In an audit. and consequently no opinion is given as lo ￿,hether the accounts preseni a 'lrue and fair view and Ihe report is Iimiied lo those matiers set out in the qtalement below. INDF.PENDENT ExAMI￿ER's STATEMENT In conncction with my cxaminaiion, no maiicr has comc to my attcnlion which givcs me rcasonable causc io bclicve thai In, any malcrial rcspcct, the requireiiients. lo keep accounting records in accordance with seclion 130 of the Charities Act; and to prepare accounts which accord with the accounting records and comply wilh the accounting r4uiremenls ot the Charili¢s Act have noi been mei; or 2. to which, in my opinion, altenlion should be drawn in order to enable a proper understanding of (he accounts lo be reached. Mr Julian Lewin Independent examiner 158 Alheri Avenue, Presi￿11¢h Manchester. M?5 OHE Date.. l O July 2023 ## **THE EUROPEAN YARCHEI KALLOH** ## **STATEMENT OF FINANCIAL ACTIVITIES** ## **YEAR ENDED 31 MARCH 2023** **----- Start of picture text -----**
||||| |---|---|---|---| |Total Funds|Total Funds| |2023|2022| |Note|£|£| |INCOMING RESOURCES| |Donations|110,898|-| |Interest receivable|4|1| |-------------------|--------------| |TOTAL INCOMING RESOURCES|110,902|1| |------------------- -------------------| |RESOURCES EXPENDED| |Direct charitable expenditure|2|114,394|-| |------------------- -------------------| |TOTAL RESOURCES EXPENDED|114,394|-| |------------------- -------------------| |NET INCOMING RESOURCES FOR THE YEAR|(3,492)|1| |Balances brought forward|250,454|250,453| |------------------- -------------------| |Balances carried forward|246,962|250,454| |========= =========| **----- End of picture text -----**
All movements are in Unrestricted Funds **The notes on page 8 form part of these financial statements.** **- 6 -** THE EUROPEAN YARCHEI KALLOH BALANCE SHEET AS AT 31 MARCH 2023 2023 202? CL,RRF.NT ASSETS C ash at bank Debior 246,962 241,454 9.IMII) 246,962 NET CLrRRENT ASSETS 246,962 250,454 NET ASSF.TS 246.962 2$11,4$4 l.11￿SIrILted 246,962 240,4.54 -l-h¢sc finonLial siatemenis were approved by Ihe irustees on Ihe l O, July 2023. and arc signed on ihLir behalf by.. MR JACOB SCIIONBERG Trusiee The on 8 forni p•rt ofibt5t fin*nd*l **THE EUROPEAN YARCHEI KALLOH** ## **NOTES TO THE FINANCIAL STATEMENTS** ## **FOR THE YEAR ENDED 31 MARCH 2023** - 1.1 BASIS OF ACCOUNTING - The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and Charities Act 2011. - 1.2 VOLUNTARY INCOME - Donations represent voluntary amounts receivable during the period. - 1.3 EXPENDITURE - All expenditure is classified under the Charity's principal categories of charitable and other expenditure and by the type of expense. - 1.4 FUND ACCOUNTING - General unrestricted funds comprise the accumulated surplus or deficit on income and expenditure account. They are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity. ## **2. DIRECT CHARITABLE EXPENDITURE** **2023 2022 £** £ **Provision of charitable services:** Lecture and seminar costs **94,394 430** Grants **20,000** ------------------- ------------------- **114,394 430** ========= ========= ## **3. FUNDS** **£** Balance at 1[st] April 2022 **250,454** Net Incoming Resources for the Year **(3,492)** ------------------Balance at 31[st] March 2023 **246,962** ========= **The notes on page 8 form part of these financial statements.** 8