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2023-12-31-accounts

Yismach Moshe Community Group

Report and Financial Statements

For The Year Ended

31 December 2023

Charity Number 1080336

Yismach Moshe Community Group

Contents
Page
Legal and Administrative Information 1
Report of The Trustees 2 and 3
Statement Of Financial Activities 4
Balance Sheet 5
Notes forming part of the financial statements 6 to 8
Independent Examiner's Report 9

Yismach Moshe Community Group

Trustees

Mrs. Esther Low Mrs. Chana Josephs Mrs. Zeldy Sternlicht Mrs. Hodor Reizel Stern Mrs. Trainda Goldman

Administration Address

Flat E 227 Northwold Road London N16 7EH

E mail:1summerdreams@gmail.com

Charity Number 1080336

Accountants

C Rosen

Page 1

Yismach Moshe Community Group

Report of the Trustees

The Trustees present their annual report with accounts of the Charity for the Year Ended 31 December 2023.

Status and Administration

The Charity, constituted by trust deed, dated 20th April 1999 and is a Registered Charity.

Trustees

The Trustees in office throughout the year were Mrs. Esther Low Mrs. Chana Josephs Mrs. Zeldy Sternlicht Mrs. Hodor Reizel Stern Mrs. Trainda Goldman No trustee nor any person connected with them received any remuneration during the year.

Investment Powers

The Trust Deed authorises the trustees to make and hold investments using the general funds of the Charity.

Constitution, Objects and Policies

The objectives of the Yismach Moshe Community Group are

a) The advancement of education of young children by the provision of holiday and out of school play services.

b) The provision of other such purposes which are charitable according to the law of England and Wales, as left to the discretion of the Trustees.

Activities and Achievement

We are very grateful to report that this year we had a huge increase in donations. The summer playscheme was a hit, helping over 150 children to have a fulfilling and stimulating holiday at almost no cost to them.

Food distribution helped many destitute families to buy household food and be able to provide nutritious meals for their families. Families reported that “We feel we had a new lease of life.

Being satisfied, instead of hungry, enables us to move on in life and try to help ourselves in all areas.”

Care and share provides support to families in crisis as the need arises. We were able to help with housing issues, clothes, electrical goods, debt clearing and more. Each situation is judged on its own merit, giving everybody a chance to benefit.

Tutoring We have moved strongly towards helping children achieve well academically. This is a long term project enabling children to grow up empowered to have successful lives. Children earmarked for support, were given year long education possibilities. This is a life changing project that will set up children for the future.

Grants and Donations

The Charity received grants of £ 0 this year.

Risk Management

The Governors have assessed the major risks to which the Charity is exposed.

In particular, the operational and finance risks have been assessed: the Governors are satisfied that systems are in place to mitigate their exposure to major risks.

Page 2

Yismach Moshe Community Group

Report of the Trustees

Reserves Policy

The trustees retain reserves as necessary to maintain the operational capability of the Charity.

Responsibilities of the Trustees

Charity Law 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 as at the Balance Sheet Date, and of its incoming resources, including income and expenditure for the financial year.

In preparing those financial statements, the Trustees should follow best practice and

a. Select suitable accounting policies and the apply them consistently.

b. Make judgements and estimates that are reasonable and prudent.

c. Follow applicable accounting standards and the Charities SORP 2015, disclosing and explaining any departures in the financial statements.

d. Prepare the financial statements on the going concern basis unless it is inappropriate to assume that the charity will continue in operation.

The Trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them as Trustees to ensure that the financial statements comply with the Charity Law.

The Trustees are also responsible for safeguarding the charity's assets and hence for taking reasonable steps for the prevention and detection of fraud and other regularities.

Board Of Trustees

The members of the Board Of Trustees are set out on Page 1.

Approved by The Trustees of Yismach Moshe Community Group on 8 October 2024, and signed on behalf of them all.

Trustee Mrs. Esther Low

Page 3

Yismach Moshe Community Group

Statement Of Financial Activities

For The Year Ended 31 December 2023

For The Year Ended
31 December 2023
Notes Unrestricted
Restricted
Funds
Funds
£
£
INCOMING RESOURCES
Activities to further the Charity's Objects
2
0
135,058
Total Incoming Resources
0
135,058
Total Incoming Resources
0
135,058
RESOURCES EXPENDED
Cost of Generating Funds
0
0
Net Incoming Resources Available
For Charitable Application
0
135,058
Cost of Activities In Fu
3
of the Charity's Objects
0
140,226
Support Costs
4
0
0
Governance Costs
5
0
0
Total Charitable Expenditure
0
140,226
Total Resources Expended
3
0
140,226
Net Movement In Funds
0
(5,168)
Transfer To / (From) Reserves
0
0
Net Reserves for the Year
0
(5,168)
Total Funds
9,688
23,452
Total Funds
10
£ 9,688
£ 18,284
Brought Forward
Carried Forward		 2023
Total
Funds
£
135,058
135,058
135,058
0
135,058
140,226
0
0
140,226
140,226
(5,168)
0
(5,168)
33,140
£ 27,972		 2022
Total
Funds
£
61,246
61,246
61,246
0
61,246
54,748
0
0
54,748
54,748
6,498
0
6,498
26,642
£ 33,140
61,246
61,246
0
61,246
54,748
0
0
54,748
54,748
6,498
0
6,498
26,642
33,140		 6,498
0
6,498

Page 4

Yismach Moshe Community Group

Balance Sheet at 31 December 2023

Balance Sheet at
31 December 2023
Notes
Current Assets
Debtors
8
Cash at Bank and in Hand
Net Current Assets
Total Assets less Current Liabilities
Net Assets
9
Restricted Funds
10
Unrestricted Funds
11
Total Funds		 2023
£
4,500
23,472
27,972
27,972
27,972
£ 27,972
18,284
9,688
£ 27,972		 2022
£
4,500
28,640
33,140
33,140
33,140
£ 33,140
33,140
33,140
33,140
33,140
£ £ 23,452
9,688
33,140

Approved by the Trustees on 8 October 2024, and signed on behalf of them all.

Trustee Mrs. Zeldy Sternlicht

The notes on pages 6 and 7 form part of these accounts.

Page 5

Yismach Moshe Community Group

Notes To The Accounts - 31 December 2023

1) Principal Accounting Policies Basis of Accounting

The Accounts have been prepared under the historical cost convention in accordance with the Charities Act (Accounts and Reports) 2011, and the Financial Reporting Standard for Smaller Entities 102, and follow the recommendations in Accounting and Reporting By Charities: Statement of Recommended Practice (effective from April 2015).

Cash Flow

The accounts do not include a cash flow statement because the charity as a small reporting entity is exempt from the requirement to prepare such a statement.

Donations and Fund Accounting

Donations received for the general and main purposes of the Charity is included as unrestricted funds in the Statement of Financial Activities when receivable.

Donations and Grants for activities restricted by the donors are taken to restricted funds if the wishes and conditions of the donor are legally binding on the Trustees.

Resources Expended

Management and administration costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.

The irrecoverable element of VAT is included with the item of expense to which it relates.

Unrestricted
Funds
£
2) Incoming Funds
Local Donations
0
Care & Share
Day Camp
0
Donations: General
0
Grants Received
General Grants
0
Total Grants
0
Total Grants and Donations Received
£ 0		 Restricted
Funds
£
0
0
0
135,058
135,058
0
0
£ 135,058		 Total
Unrestricted Restricted
£
Funds
Funds
2023
£
£
0
0
0
0
0
0
0
0
135,058
61,246
135,058
0
61,246
0
0
0
0
0
0
£ 135,058
£ 0
£ 61,246		 Total
£
2022
0
0
0
61,246
61,246
0
0
£ 61,246		 Total
£
2022
0
0
0
61,246
61,246
0
0
£ 61,246
61,246
0
0
61,246

Page 6

Yismach Moshe Community Group

Notes To The Accounts - 31 December 2023

Unrestricted Restricted Restricted Total Total Unrestricted Restricted Total
**3) ** Analysis of Total Resources Funds Funds 2023 Funds Funds 2022
Expended
Charitable Activities £ £ £ £ £ £
Cost of Activities In Furtherance
of the Charity's Objects
Summer Play Scheme
Clubs and playschemes 0 32,644 32,644 0 15,322 15,322
Total
Clubs and playschemes		 0 32,644 32,644 0 15,322 15,322
Food Distribution 0 9,559 9,559 0 4,446 4,446
Total
Food Distribution		 0 9,559 9,559 0 4,446 4,446
Winter Play Scheme 0 0 4,057 4,057
Total Winter Play Scheme 0 0 0 0 4,057 4,057
Care and Share 12,347 12,347 8,695 8,695
0 12,347 12,347 0 8,695 8,695
Tutoring 0 85,676 85,676 0 18,025 18,025
Administration 0 0 0 4,203 4,203
Equipment 0 0 0 0
Maintenance 0 0 0 0 0 0
Professional Fees 0 0 0 0
Rent 0 0 0 0
Donations 0 0 0 0 0
Total Charitable Activities 0 0 0 0 4,203 4,203
**Total ** Cost of Activities In Furtherance
of the Charity's Objects 0 140,226 140,226 0 54,748 54,748
**4) ** Cost of Generating Funds £ 0 £ 0
**5) ** Governance Costs
Accountancy 0 0
Bank Charges 0 0
£ 0 £ 0
6) Taxation
The Charity is exempt from taxation on its charitable activities.
7) The average number of Employees during the year, on a full time 2023 2022
equivalent basis was 1 1

No Employee was paid above £60,000 per year.

Page 7

Yismach Moshe Community Group

Notes To The Accounts - 31 December 2023

8) Debtors 2023 2022
£ £
Other Debtors 4,500 4,500
£ 4,500 £ 4,500
9) Net Assets of The Charity's Funds
Net
Fixed Current Long Term Fund
Assets Assets Liabilities Balances
£ £ £ £
Restricted Funds 0 27,972 0 27,972
Unrestricted Funds 0 0 0 0
Total Funds £ 0 £ 27,972 £ 0 £ 27,972
10) Restricted Funds : Movements In The Year
Balance at **Gains and ** Transfer To Balance at
31 December 2022 Income Expended Losses From 31 December 2023
£ £ £ Reserves £
Grants
23,452		 135,058 140,226 0 0 18,284
Total Funds
£ 23,452		 £ 135,058 £ 140,226 £ 0 £ 0 £ 18,284
11) Unrestricted Funds : Movements In The Year
Balance at **Gains and ** Transfer To Balance at
31 December 2022 Income Expended Losses From 31 December 2023
£ £ £ Reserves £
General Reserve
9,688		 0 0 0 0 9,688
Total Funds
£ 9,688		 £ 0 £ 0 £ 0 £ 0 £ 9,688

12) Related Party Transactions

No trustee nor any person connected with them received any remuneration, or claimed any expense, during the year, from this or any related Charity.

There were no Related Party Transactions in the Year.

Page 8

Independent Exmainer's Report to the Trustees on the Unaudited Accounts of the Charity Yismach Moshe Community Group For the Year Ended 31 December 2023

We report on the financial statements of Yismach Moshe Community Group for the Year Ended 31 December 2023

which comprise the Statement of Financial Activities, the Balance Sheet and the related notes. These financial statements have been prepared, under the historical cost convention, and in accordance with the recommendations in Accounting and Reporting By Charities: Statement of Recommended Practice (Issued 2015), and the Financial Reporting Standard for Smaller Entities 102 (effective 2016), and the accounting policies set out therein.

Respective Responsibilities Of Trustees and Independent Exmainer

As described on page 3, the trustees of the charity are responsible for the preparation of the accounts, and they consider that the audit requirement of section 144 of the Charities Act 2011 (the Act) does not apply. It is our responsibility to state, on the basis of procedures specified in the General Directions given by the Charity Commissioners under section 144 of the Act, whether particular matters have come to our attention.

Basis of Independent Examiner's Report

Our examination was carried out in accordance with the General Directions given by the Charity Commissioners.

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. These procedures provide only the assurance expressed in our opinion.

The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently we do not express an audit opinion on the view given by the accounts.

Opinion

In our opinion, no matter has come to our attention,

Date 8 October 2024

Independent Exmainer

C Rosen

Page 9