YESHIVA L’ZEIRIM MANCHESTER CHARITY TRUST
(Registered Charity Number 1073915)
Financial Statements for the year ended 31 August 2024
CONTENTS
2. Annual Report of the Trustees
6. Statement of Financial Activities
7. Balance Sheet
8. Notes to the Financial Statements 11. Independent Examiners Report
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YESHIVA L’ZEIRIM MANCHESTER CHARITY TRUST REPORT OF THE TRUSTEES FOR THE YEAR
ENDED 31 AUGUST 2024
The trustees of the charity present their annual report under the Charities Act 2011 and the financial statements for the period ended 31 August 2024 and confirm that the latter comply with the requirements of the Act, the Trust Deed and the Charities SORP 2005.
REFERENCE AND ADMINISTRATIVE INFORMATION
The Charity was founded on 5 May 1998 and is registered with the Charity Commission under charity number 1073915. The Trustees and the principal address of the Charity are listed below.
| Trustees | Rabbi J Brandeis | Mr A Henry |
|---|---|---|
| Mrs S Brandeis | Mr Moishe Brandeis | |
| Mr Samuel Brandeis | Mr Meir Brandeis | |
| Mr Ari Brandeis | ||
| Charity Number | 1073915 | |
| Chief Executive Officer | Rabbi J Brandeis | |
| Charity Offices | 4 Parkside Avenue, Salford,M7 4HB | |
| Accountant | B Olsberg & Co | Enterprise House |
| Independent Examiner | Chartered Accountants | 3 Middleton Road |
| Manchester M8 5DT | ||
| Bankers | The Royal Bank | 38 Mosley Street, |
| Of Scotland | Manchester, M60 2BE |
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing Document
The charity is governed by its Trust Deed dated 5 May 1998 which has not been amended.
Governing Body and Appointment of Trustees
The structure of the Charity consists of four trustees. The board of trustees is authorised to appoint new trustees to fill vacancies arising through resignation or death of an existing trustee.
Trustee Induction and Training
Most trustees are already familiar with the practical work of the charity having received guidance from the existing trustees prior to appointment. New trustees are further encouraged to attend training sessions organised by the charity.
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YESHIVA L’ZEIRIM MANCHESTER CHARITY TRUST REPORT OF THE TRUSTEES FOR THE YEAR
ENDED 31 AUGUST 2024
ORGANISATIONAL MANAGEMENT
The trustees of the charity, are legally responsible for the overall management and control of the charity and meet regularly.
STRUCTURE AND RELATIONSIPS
The charity has no established relationships with other charities.
RISK MANAGEMENT
The trustees do not feel that the charity is exposed to any major risks.
OBJECTIVES AND ACTIVITIES FOR THE PUBLIC BENEFIT
The charity is constituted by Trust Deed and its objects are;-
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a. advance education in accordance with the doctrines and principles of orthodox
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Judaism by the establishment, support and provision of educational establishments.
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b. relieve poverty amongst the Jewish Community; and
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c. further such other charitable purposes as the trustees may determine.
The policy of the Charitable Trust continues to be to support these activities.
It is intended to continue with the trusts current activities.
The charity is organised so that the trustees meet regularly to manage its affairs. Administration of the charity is dealt with by the trustees. The trustees have referred to the guidance contained in the charity commissioners general guidance on public benefit when reviewing the trust’s aim and objectives and on planning future activities and setting the grant policy for the year.
PUBLIC BENEFIT
The trustees confirm that they have referred to the guidance contained in the charity commission’s general guidance on public benefit and in particular to its supplementary public benefit guidance on advancing education when reviewing the charity’s aims and objectives and in planning future activities.
AIMS AND INTENDED IMPACT
Within these objects, the trustee's aim to provide funds for the building and support of a talmudical college.
OBJECTIVES FOR THE YEAR
The aim this year is to raise funds for its objectives as above.
STRATEGIES TO ACHIEVE THE YEAR'S OBJECTIVES
These included meetings with potential donors to obtain funds for its objectives, and to invest monies as and when appropriate.
PRINCIPAL ACTIVITIES OF THE YEAR
The charity collected funds during the period which were sufficient to cover grants made for the support of the Yeshiva L’Zeirim college.
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YESHIVA L’ZEIRIM MANCHESTER CHARITY TRUST REPORT OF THE TRUSTEES FOR THE YEAR
ENDED 31 AUGUST 2024
GRANT MAKING POLICY
The main policy of this trust is to support the Yeshiva L’Zeirim college.
REVIEW AND ACHIEVEMENTS AND PERFORMANCE FOR THE YEAR FINANCIAL REVIEW Transactions and Financial Position
The Statement of Financial Activities shows a total income of £338,328 (2023 - £308,192) and £192,000 was distributed. Management and Administration costs were £0 and net income for the year was £155,608.
Funds available are sufficient to permit the Trust to continue in operation.
FINANCIAL REVIEW AND RESULTS FOR THE YEAR ENDED 31 AUGUST 2024
The Trustees consider that the performance of the charity this period has been satisfactory. The nature of the distributions were in line with the constitution and objects of the charity.
This is in line with the wishes of the trustees who constantly review the effectiveness of the charity and approve the scope of their activities.
RESERVES POLICY
The policy of the trustees is to distribute to Yeshiva L’Zeirim college the funds required for its support.
INVESTMENT POLICY AND OBJECTIVES
Under the Trust Deed the charity has the power to make any investment which the trustees see fit.
FUTURE PLANS
The trustee's plans are to continue to collect donations and generate income for the support of its Talmudical College and students and investments.
ACCOUNTING AND REPORTING RESPONSIBILITIES
The trustees are required by Charity law to prepare financial statements for each financial year which give a true and fair view of the financial activities of the charity and of its financial position at the end of the year. In preparing those financial statements the trustees are required to:
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(a) select suitable accounting policies and apply them consistently;
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(b) make judgements and estimates that are reasonable and prudent;
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(c) follow applicable accounting standards and statements of recommended practice, disclosing and explaining any departures in the financial statements.
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YESHIVA L’ZEIRIM MANCHESTER CHARITY TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2024
- (d) Prepare the financial statements on a going concern basis unless it is inappropriate to assume that the charity will continue in operation.
The trustees are responsible for keeping accounting records which are such as to disclose with reasonable accuracy the financial position of the charity and which enable them to ascertain the financial position of the charity and which enable them to ensure that the financial statements comply with charity law. They are also responsible for safeguarding the assets of the charity and ensuring their proper application in accordance with charity law and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
APPROVAL
The report was approved by the board of trustees on 26 June 2025 and signed on its behalf.
Trustee
Rabbi J Brandeis
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YESHIVA L’ZEIRIM MANCHESTER CHARITY TRUST STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 AUGUST 2024
| INCOME AND EXPENDITURE INCOMING RESOURCES Donations Investment Income Interest Received RESOURCES EXPENDED Charitable Distributions Campaign Expenditure TOTAL RESOURCES EXPENDED Net Income Resources Before Disposal of Assets Gain On Disposal Of Investment Assets Balance at 1 September 2023 Balance at 31 August 2024 |
Notes 2 3 |
2024 £ 296,003 41,399 926 338,328 192,000 - 192,000 192,000 146,328 9,280 155,608 2,579,561 2,735,169 |
2023 £ 279,115 28,972 105 |
|---|---|---|---|
| 308,192 | |||
| 210,000 123 |
|||
| 210,123 | |||
| 210,123 | |||
| 98,069 - |
|||
| 98,069 | |||
| 2,481,492 | |||
| 2,579,561 |
The notes on pages 8 to 10 form an integral part of these accounts.
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YESHIVA L’ZEIRIM MANCHESTER CHARITY TRUST
BALANCE SHEET
As at 31 August 2024
| TANGIBLE FIXED ASSETS Freehold Property 4 Furniture Sefer Torah - Scroll of Law and Ark Investments in property syndicates CURRENT ASSETS Bank Debtors CREDITORS:Payable within 1 year 5 TRUST FUND Unrestricted Funds Unrestricted Funds |
2024 £ 1,900,676 685 46,678 628,668 2,576,707 132,379 31,183 163,562 (5,000) 158,562 2,735,269 100 2,735,169 2,735,269 |
|
|---|---|---|
Approved by the Board of Trustees on 26 June 2025 and signed on its behalf
………………………………….. Trustee J Brandeis
………………………………….. Trustee S Brandeis
The notes on pages 8 to 10 form an integral part of these accounts.
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YESHIVA L’ZEIRIM MANCHESTER CHARITY TRUST NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 AUGUST 2024
1. Accounting policies
1.1Basis of accounting
The financial statements have been prepared under the historical cost convention, and in accordance with the Statement of Recommended Practice "Accounting and Reporting by Charities" (SORP 2005), the Charities Act 2011, and the Companies Act 2006 and The Financial Reporting Standard for Smaller Entities (Effective April 2008.)
1.2 Going Concern Basis
The financial statements have been prepared on the going concern basis, due to the ongoing support of the charity’s creditors.
1.3 Income
- Voluntary income, contributions and donations are accounted for as received by the charity. No permanent endowments have been received in the year.
1.4 Expenditure
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered.
1.5 Charity Expenditure
- Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of a relevant nature necessary to support them.
1.6 Unrestricted Funds
These are donations and other income received or generated for the charitable purposes of the trust.
1.7 . Management and administration
Management and administration costs of the charity relate to the central costs of management including the costs of meetings, independent examination of the financial statements and statutory compliance.
1.8
Impairment Review
The trustees review the value of the property annually for any impairment provision in accordance with FRS 11
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YESHIVA L’ZEIRIM MANCHESTER CHARITY TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 AUGUST 2024
1.9 Depreciation
No depreciation has been charged as the freehold land and building are considered a lifelong asset and any charge would not be material.
2.
| Investment Income- All UK Rent Income (net) |
2024 2023 £ £ 50,679 28,972 |
|---|---|
3. The charitable distributions made were all in favour of a Jewish Religious Residential College
4. Freehold Property
COST £ 1 September 2023 and 31 August 2024 1,900,676
The trustees consider that there are no indications that there have been any reductions in the recoverable amount of the asset below its net book value and therefore requires no impairment provision.
5 . Creditors : Payable within one year
| Loans Other creditors |
2024 £ 5,000 - 5,000 |
2023 £ 5,000 13,504 18,504 |
|---|---|---|
6. Trustees
None of the Trustees or any person connected with them received any remuneration during the year nor were they reimbursed for any expenses.
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YESHIVA L’ZEIRIM MANCHESTER CHARITY TRUST
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE YESHIVA L’ZEIRIM MANCHESTER CHARITY TRUST
I report on the accounts of the charity for the period ended 31 August 2024 which are set out on pages 6- 10.
RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER
The 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 and that an independent examination is needed. The Charity is required by law to prepare accrued accounts and I am qualified to undertake the examination by being a qualified member of The Institute of Chartered Accountants (England and Wales)
It is my responsibility to:
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Examine the Accounts under Section 145 of the 2011 Act;
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To follow procedures laid down in the General Directions given by the Charity Commission under Section 145(5) of the 2011 Act; and
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To state whether particular matters have come to my attention.
BASIS OF INDEPENDENT EXAMINERS’S REPORT
My examination was carried out in accordance with the 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 you as Trustees 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 examination, no matter has come to my attention:
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(1) which gives me reasonable cause to believe that in any material respect the requirements: to keep accounting records in accordance with Section 130 of the Charities Act 2011; and to prepare accounts which accord with the accounting records, and to comply with the Accounting requirements of the 2011 Act have not been met; or
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(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the Accounts to be reached.
B Olsberg B Olsberg & Co Chartered Accountants Enterprise House, 3 Middleton Road Manchester M8 5DT
26 June 2025
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