THE EUROPEAN YARCHEI IL4LLOH FINANCIAL STATEMEIYTS FOR THE YEAR ENDED 31 MARCH 2025 CHAIUTY NUMBER 1059627
THE EUROPEAN YARCHEI KALLOH FINANCIAL STATEMEwrs YEAR ENDED 31 MARCH 2025 CONTENTS PAGES Trustees Annual Report 3to4 tndependent Examiner's Rert Ststement of Financial Activities Statement of Financial Position Notes to the Financial Statements
THE EUROPEAN YARCHEI KALLOH TRUSTEES ANNUAL REPORT YEAR ENDED 31 MARCH 202S The tte¢S have ple&8ur¢ in presenting their report and the unaudited financial statements of the charity for the year ended 31 March 2025. LEGAL STATUS AND ADMINISTRATIVE INFORMATIOIY 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 adrniillstered by the trustees, the Chair of which is Mr Michael knbenstei 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 Truthes confirn] 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 AcTITIEs The charity continued to organise European Yarchei Kalloh activities in Europe and especially the annual study programme which took place last year in England. GRANf 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 representd by the unrestricted funds arising from past operating results. The Trustees are satisfied that the balance of the general resep4es as at the year-end is sufficient for at least one years, expenditure. Reserves include a designated unrestricted fund of £IOO,000. earmarked by the trustees to underwrite the continuity and development of the Yarchei Kalloh seminar project in new venues. THE TRUSTEES The trustees who served the charity during the year were as follows: Mr. M. Lobenstein, Mr J. Schonberg. RISK FACTORS The Charity h&s 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.
THE EUROPEAN YARCHEI KALLOH TRUSTEES ANNUAL REPORT YEAR ENDED 31 MARCH 2025 TRUSTEES, RESPONSIBILITIES The charity's trustees are responsible for preparing the Trustees Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to: select suitable accounting policies and then apply them consistently. observe the methods and principles in the Charlties SORP. make judgements and estimates that are reasonable and prudent; state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable thern to ensure that the financial statements comply with the Cl)arities Act 2011. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. si} by order of the trustees r. Jacob Sehonberg Tntee Approved by the trustees on I l July 2025
THE EUROPEAN YARCHEI KALLOH INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE EUROPEAN YARCHEI KALLOH YEAR ENDED 31 MARCH 2025 I report on the accounts of the charity for the year ended 31 March 2025 set out on pages 6 to 8. RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND INDEPENDENT EXAMINER The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. It is my responsibility to: examine the accounts under section 145 of the Charities ACL to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and to state whether particular matt¢rs have come to my attention. BASIS OF tNDEPENDENf EXAMINER'S STATEMENT My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the tnleeS concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair, view and the report is limited to those matters set out in the statement below. INDEPENDENT EXAMINER'S STATEMENT In connection with my examinatio no matter h&s come to my attention which gives me reasonable cause to believe that in. any material respecL the requirements: to keep accounting records in accordance with section 130 of the Charities Act" and to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Cl)arities Act have not been met; or 2. to which, in my Opinio attention should be drawn in order to enable a proper understanding of the accounts to be reached. Mr Julian Lewin Independent examiner 158 Albert Avenue, Prestwich Manchester, M25 OHE Date: I 1° July 2025
THE EUROPEAN YARCHEI KALLOH STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31 MARCH 2025 Totsl Funds Total Funds 2025 2024 Not¢ INCOMING RESOURCES Semina Int¢rest receivable 99J60 109 119,802 67 TOTAL INCOMING RESOURCES 99,469 119869 RESOURCES EXPENDED Direct charitable expenditure 122363 123,715 TOTAL RESOURCES EXPENDED 122263 123,715 NET INCOMING RESOURCES FOR THE YEAR {22,794) (3,846) Balances brought forward 243,116 246.962 Balances carried forward 220J22 243,116 All movements are in Unr¢stricted Funds Tht notes on page 8 form part of tbese finnciil statments.
THE EUROPEAN YARCHEI KALLOH BALANCE SHEET AS AT 31 MARCH 2025 Note 2025 2024 CURRENT ASSETS Cash at bank 220J22 243,116 220J22 243,116 NET CURRENT ASSETS 220J22 243,116 NET ASSETS 220J22 243,116 FUI¥DS Unrestricted 220J22 243,116 These fmancial statements were approved by the trustees on the I l July 2025, and are signed on their behalf by: MR JACOB SCHONBERG TThtee The notss on p•8e 8 forni part of thest financial ststement
THE EUROPEAN YARCHEI KALLOH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 I. I BASIS OF ACCOUNTING The financial staternents 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 treland (FRS 102) and Charities Act 2011. 1.2 VOLUTrtrARY INCOME tncome represents seminar income receivable during the riod. 1.3 EXPENDITURE All expenditure is classified under the Cl)arAty's principal categories of charitable and other expenditure and by the type of expense. 1.4 FUND ACCOUNllNG 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 furthrnce of the genernl objectives of the Charity. DIRECT CHARITABLE EXPENDITURE 2025 2024 Provision of charitable services: Seminar costs 122263 123,715 122263 123,715 UNRESTIUCTED FUNDS Balance at 1° April 2024 Net Incoming Resources for the Year 243,116 (22,794) Balance at 31" March 2025 £220J22 R¢s¢rves include a designated unrestricted fund of £IOO.000, earn]arked by the trustees to underwrite the continuity and development of the Yarchei Kalloh seminar project in new venues. The notu on %¢ 8 forni ofthest finantial statement&