CHARITY REGISTRATION NUMBER: 11)67741 The Yom Tov Assistance Fund Unaudited Financial Ststements 30 April 2024 COHEN ARNOLD Chartered accountants New Burlington House 1075 Finchley Road LONDON NWII OPU
The Yom Tov Assistance Fund Financial Statements Year ended 30 April 2024 Page Truste¢s' annual report Independent examiner's report to the trustees Statement of fmancial activities Statement of fmancial position Notes to the financial statements
The Yom Tov Assistance Fund Trustees, Annual Report Year ended 30 April 2024 The trustees present their report and the unaudited financial statements of the charity for the year ended 30 April 2024. Reference and administrative detalls The Yom Tov Assistance Fund Registered charity name Charity registration number Principal office 1067741 51 Bridge lane London NWII OED The trustees Mr E Itzing¢r Mr D Vogel David Goldberg. FCA DChA New Burlington House 1075 Finchley Road LONDON NWII OPU Independent examiner Structure9 governance and mallagement The charity is govem¢d by a Trust Deed datsd 18 November 1997. The day to day affairs of the charity are administered by the trustees. It is not currently the intention of the trustees of ihe charity to appoint new trustees. Should the situation change in the future, the trustees will apply suitable recruitment and training procedures. The charity is governed by a Trust Deed dated 18 November 1997. The day to day affairs ofthe charity are administered by the Board of Trustees. It is not currently the intention of the trustees of the charity to appoint new trustees. Should the situation change in the future, the trustees will apply suitable recruitment and training procedures. Objectives and activities Charitable objects To apply the capital and income of the trust towards such charitable institutions as the trustees shall in their absolut¢ discretion determine. Review of aetivitie5 The charity has continued to make grants to individuals whose circumstanccs are so straitened that such grants come within the relief of povcrty. Public benefit The Trustees confirni thcir compliance with the duty to have due regard to th¢ public bencfit guidance published by the Charity Comn]ission when reviewing the charity's aims and objectives and in planning future activities.
The Yom Tov Assistance Fund Trustees, Annual Report (eoiiilniié Year ended 30 Aprll 2024 Achievements and performance Tlie aggregate of donations made during the year was £170,251 (2023: £142,265). Tlie financial results of the Charity for the year ended 30 April 2024 are fully reflected in the attached Financial Stateinents togedier witli the Notes therein. Financial review It is the policy of the trustees to distribut¢ all funds received witliin a short period following receipt. As at 30 April 2024 the charity had £166,01 l Unrestricted Funds. The trustses, annual report was approved on I l December 2024 and signed on behalf of the board of trustees by: . Mr E Itsinger Truste¢
The Yom Tov Assistance Fund Independent Examiner's Report to the Trustees of The Yom Tov Assistance Fund Year ended 30 April 2024 I report to the trustees on my examination of the financial statements of The Yom Tov Assistanc¢ Fund Cthe charity) for the year ¢nded 30 April 2024. Responsibilities and basls of report As the trustees of the charity you are responsible for the preparation of the financial statements in accordancc with the requirements of the Charities Act 2011 ('th¢ Act,). I report in respect of my examination of the Charity's fEnancial stalements carried out under section 145 of tlie 2011 Act and in carrying out my examination I liave followed all tlie applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. Independent examiner's statement I have completed my examination. l confirni that no material matters have come to my attention in onnection with the examination giving me cause to believe that in any material rcspect: accounting records were not kept in respect of the charity as required by section 130 of the Act: or the financial statements do not accord with those records. or the fInancial statements do not comply with the applicable requirements concerning the fonn 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. David In erg, FCA DChA ent Examiner ew Burlington House 1075 Finchley Road LONDON Nwii OPU I l December 2024
The Yom Tov Assistance Fund Statement of Financial Activities Year ended 30 April 2024 2024 Unrestricted funds Total funds Total funds 2023 Note Income and endowments Donations and legacies Total income 171,373 171,373 171.373 154,174 171,373 154,174 Expenditure Expenditure on charitable activities Total expenditure 171,096 171,096 171,096 144,039 144,039 171,096 Net income and Det movement in funds 277 277 10,135 Reconciliation of funds Total funds brought fonvard Total funds carried forward 165,734 166,011 165,734 166,011 155,599 165,734 The statement of financial activities includes all gains and losses COgnIsed in the year. All income and expenditure derive from continuing activities. The not¢$ on pages 6 to 10 forni part of these financial 5ts1¢ments.
The Yom Tov Assistance Fund Statement of Financial Position 30 Aprll 2024 2024 2023 Note Current assets Cash at bank and in liand 167.,151 168,734 Creditors: amounts falling due within one year Net current assets 11 1.140 3,000 165.734 166,011 166,011 Tolal assets less current liabilities 165,734 Net assets 166.011 165,734 Funds of the charity Unrestricted funds 166,011 166,011 165,734 Total Charity funds 12 165.734 Th¢se financial statements were approved by the board of trustees and authorised for issue on I I December 2024, and are signed oli belialf of the board by: Mr E Itzinger Trustee The notes on pages 6 to io form part of tbe5e financial 5tAtements.
The Yom Tov Assistance Fund Notes to the Financial Statements Year ended 30 April 2024 General information The charity is a public benefit entity and a regISted charity in England and Wales and is unincorporated. The address of the principal office is 51 Bridge lane, London. NWI I OED. Statement of eomplianee These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of Recommended Practice applicable to charities preparing their accounts in accordancc with the Financial Reporting Standard applicable in the UK and Republic of Jreland (FRS 102) (Charities SORP (FRS 102)) and the Charities Act 2011. Accounting polieies Basis of preparation The financial statements have b¢¢n prepared on thc historical cost basis, as modified by the revaluation of certain financial assets and liabilities and invesimcnt propcrties measured at fair value through income or expenditure. The financiaj statements are prepared in sterlin& which is the functional currency of the entity. Going concern There are no material uncertainties about the charity's ability to continue. Judgements and key sources of estimation uncertainty The preparation of the financial statements requires trustees to make judgements. estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The trustees do not consider there are any critical judwents or sources of estimation uncertainty requiring disclosure beyond the accounting policies listed below. Fund accounting Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's pu)Ses. Designated funds are unrestricted funds earmarked by the trustees for particular tllre project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the ternis of an appeal, and fall into one of two sub-cla8ses: restricted income funds or endowment funds.
The Yom Tov Assistance Fund Notes to the Financial Statements (conliMue¢Q Year ended 30 April 2024 Accounting policies (eonlinued) Incoming resources All incoming resources are included in the statement of financial activities when entitlcment has passed to the charity. it is probable that the economic benefits associated witli tlie transaction will flow to tlie charity and the amount can be reliably measured. The following specific policies are applied to particular cat¢gories of income: income from donations or grants is recognised when there is evidence of entitlement to th¢ gift. receipt is probable and its amount can be measured reliably. legacy income is reCOlSed when reccipt is probable and entitlement is establish¢d. income from donated goods is m¢asured at the fair value of the goods unless this is impractical to measure rcliably, in which casc the value is derived from thc cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts whcn received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. income from contracts for the supply of services is recognised with the delivery of the contracted service. This is olassified as unrestricted fijnds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted. Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates: expenditure on raising funds includes the costs of all fundraising activities, events. non-charitable trading activities, and the sale of donated goods. expenditure on charitable activities includes all costs incurred by a charity in undertaking activÉties that further its Chitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to Chitable activities. other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. All costs are allocated to expenditure categories reflecting the Se of th¢ resource. Direct costs attributable to a single activity are allocat¢d directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
The Yom Tov Assistance Fund Notes to the Financial Statements (condnmerf) Year ended 30 April 2024 Accounting policies (cofttlnued) Financial instruments A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments initially recognised at the amount receivable or payable including any related transaction costs, unless the arrangement Constitutes a financing transaction, where it is recognised at the present value of the future payinents discouiited al a market rate of interest for a similar debt instrument. Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Debt instniments are subsequently measured at amortised cost. Donations and legacies Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Donations Donations 171,373 171,373 154,174 154,174 Expenditure on cbarltable activities by fund type Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Grants Support costs 170,251 845 170,251 845 142,265 1,774 142,265 1,774 171,096 171,096 144,039 144,039 Expendlture on charitable activities by activity type Grant funding of activities Support costs Total funds 2024 Total fund 2023 Grants Governance costs 170,251 125 720 170,376 720 142,839 1,200 170,251 845 171,096 144,039
The Yom Tov Assistance Fund Notes to the Financial Statements (eonlinued) Year ended 30 April 2024 Analysfis of grants 2024 2023 Grants to institutions Grants to institutions 12,250 8,000 Grants to individuals Grants to individuals 158,001 134,265 Total grants 170,251 142,265 All antS went towards the relief of poverty. Independent examination fees 2024 2023 Fees payable to the independent examiner for: Independent examination of the financial statements 1,140 1.200 Staff costs The average head count of employees during the year was Nil (2023: Nil). No employee received employee benefits of more than £60,000 during the year (2023: Nil). 10. Trustee remuneration and expenses No remuneration or other benefits from employment with the charity or a related entity were received by the trustees. The charity did not meet any individual expenses incurred by the trustees for services provided to the charity. 11. Credfitors: amounts falling due within one year 2024 2023 Accruals and deferred income 1,140 3,000
The Yom Tov Assistance Fund Notes to the Financial Statements (conli#ue¢9 Year ended 30 April 2024 12. Analysls of charitable funds Unrestrleted funds At 30 April 202 At l May 2023 Income Expenditure General funds 165,734 171,373 (171,096) 166,011 At 30 April 202 At l May 2022 Income Expenditure General funds 155,599 154,174 (144,039) 165,734 13. Analysis of net assets between funds Unrestricted Totsl Funds Funds 2024 Current assets Creditors less than l year Net assets 167,151 (1,140) 166,011 167,151 (1,140) 166,011 Unrestricted Total Funds Funds 2023 Current assets Creditors less than l year 168,734 (3,000) 165.734 168,734 (3,000) 165,734 Net assets 14. Related partles Donations of £12,000 were received from related parties during the year (2023: £9,900). No other transadions with related parties were undertaken such as are required to be disclosed. io