Docusign Envelope ID: 7422CB9E-70A4-4C66-8AA5-C8000DBCD569
CHARITY REGISTRATION NUMBER: 1084429
ZICHRON YECHESKEL TRUST
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
5 APRIL 2025
COHEN ARNOLD Chartered accountants New Burlington House 1075 Finchley Road London NW11 0PU
Docusign Envelope ID: 7422CB9E-70A4-4C66-8AA5-C8000DBCD569
ZICHRON YECHESKEL TRUST
FINANCIAL STATEMENTS
YEAR ENDED 5 APRIL 2025
| Pages | |
|---|---|
| Trustees' annual report | 1 to 3 |
| Independent examiner's report to the trustees | 4 |
| Statement of financial activities | 5 |
| Statement of financial position | 6 |
| Notes to the financial statements | 7 to 10 |
Docusign Envelope ID: 7422CB9E-70A4-4C66-8AA5-C8000DBCD569
ZICHRON YECHESKEL TRUST TRUSTEES' ANNUAL REPORT
YEAR ENDED 5 APRIL 2025
The trustees present their report and the unaudited financial statements of the charity for the year ended 5 April 2025.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered charity name Zichron Yecheskel Trust Charity registration number 1084429 Principal office 28 St. Andrew's Grove London N16 5NE The trustees Mr A Stern Mr J Bransdorfer Mr S Lefkowitz Independent examiner Asher Sternlicht FCA New Burlington House 1075 Finchley Road London NW11 0PU
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing Document
The charity is a registered charity and is governed by its Trust Deed dated 6 November 2000.
Organisation
The charity is administered by the governors who are the trustees. Every trustee holds office until he/she shall die or shall cease to hold office by virtue of the Trust Deed.
The day-to-day affairs of the charity are administered by the trustees whose Chair is Mr A Stern.
Where there is a requirement for new trustees, these would be identified and appointed by the existing trustees. The chair of trustees would be responsible for the induction of any new trustee, which involves awareness of a trustee's responsibilities, the governing document, administrative procedures, and the history and philosophical approach of the charity. A new trustee would receive copies of the previous year's annual report and accounts, with detailed explanation thereof.
All trustees give their time voluntarily and no benefit or expenses were paid to them in the year.
Related Parties
There are no related party transactions which require disclosure.
Risk Management
The trustees have identified and reviewed the major risks to which the charity is exposed, in particular those related to the operations and finance of the charity, and are satisfied that systems are in place to manage those risks.
It is recognised that systems can only provide reasonable but not absolute assurance that major risks have been adequately managed.
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ZICHRON YECHESKEL TRUST
TRUSTEES' ANNUAL REPORT (continued)
YEAR ENDED 5 APRIL 2025
OBJECTIVES AND ACTIVITIES
The Trust is established to further those purposes both in the United Kingdom and abroad recognised as charitable by English Law. In furtherance of these objects, the charity receives income from voluntary donations which it utilises in the provision and distribution of grants, donations for charitable purposes. It has concentrated its activities in support of established Jewish organisations engaging in education, advancement of religion in accordance with the Jewish faith and the giving of of philanthropic aid to the Jewish needy.
The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the Trust's aims and objectives and in planning future activities and setting the grant making policy for the year.
Grant Making Policy
The charity accepts applications for grants from representatives of Orthodox Jewish Charities, which are reviewed by the Trustees on a regular basis. The charity applies the income it receives mainly from voluntary donations in the provision and distribution of grants and donations to Orthodox Jewish Charities.
ACHIEVEMENTS AND PERFORMANCE
The main areas of charitable activity are the provision of financial support. During the year the charity has continued its philanthropic activities and has maintained its support of established Jewish organisations engaging in education, advancement of religion in accordance with the Jewish faith and the giving of philanthropic aid to the Jewish needy. The reserves remain available to organisations engaging in activities compatible with the aims and objectives of the charity. The trustees expect such demands to increase in future years.
The financial results of the charity for the year ended 5 April 2025 are fully reflected in the attached Financial Statements together with the Notes thereon.
Charitable donations in the year totalled £137,070 (2024 - £177,440).
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Docusign Envelope ID: 7422CB9E-70A4-4C66-8AA5-C8000DBCD569
ZICHRON YECHESKEL TRUST
TRUSTEES' ANNUAL REPORT (continued)
YEAR ENDED 5 APRIL 2025
FINANCIAL REVIEW
Financial Position
The financial position of the charity is satisfactory.
The Statement of Financial Activities shows a net deficit for the year of £60,882 (2024 - £18,888) and total reserves of £16,715 (2024 - £77,597).
Reserves Policy
It is the policy of the charity to maintain unrestricted funds, which are the free reserves of the charity, at a level which the trustees think appropriate after considering the future commitments of the charity.
The Reserves Policy of the trustees is to maintain unrestricted funds, which are the free reserves of the charity, at a level they consider appropriate to the charity's needs taking into account likely future requirements. A proportion of the reserves is held in readily realisable form to cover on-going grant-making activities and contingencies arising from additional calls made upon the charity for the support of organisations in times of need. The charity's reserves are represented by unrestricted funds arising from past operating results. The trustees are satisfied that the present balance of distributable reserves is sufficient to support anticipated expenditure.
The charity's reserves policy is based upon the application each year of a significant portion of such unrestricted funds as are available, whilst at the same time building up its income producing base. The intention is to strengthen the charity's ability to sustain a high level of charitable distribution for the foreseeable future.
Principal Funding Sources
The charity's principal funding sources in the year were from voluntary donations.
Investment policy and objectives
Under the Trust Deed, the charity has the power to make any investment which the trustees see fit provided any moneys are not immediately required for use in connection with any of its objects.
PLANS FOR FUTURE PERIODS
The trustees plan continuing the activities outlined above in the forthcoming years subject to satisfactory incoming resources to continue making distributions in accordance with their grant-making policy and to ensure that the ability to generate sufficient income is maintained to achieve that end.
3/2/2026 The trustees' annual report was approved on .............................. and signed on behalf of the board of trustees by:
(tur by: Mr A Stern Trustee
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Docusign Envelope ID: 7422CB9E-70A4-4C66-8AA5-C8000DBCD569
ZICHRON YECHESKEL TRUST
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ZICHRON YECHESKEL TRUST
YEAR ENDED 5 APRIL 2025
I report to the trustees on my examination of the financial statements of Zichron Yecheskel Trust ('the charity') for the year ended 5 April 2025.
RESPONSIBILITIES AND BASIS OF REPORT
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
INDEPENDENT EXAMINER'S STATEMENT
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the charity as required by section 130 of the Act; or
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the financial statements do not accord with those records; or
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the financial statements do not comply with the applicable requirements concerning the form 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.
ce Asher Sternlicht FCA C5A5FBAQ86FE45D... by: Independent Examiner
New Burlington House 1075 Finchley Road London NW11 0PU
3/2/2026
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Docusign Envelope ID: 7422CB9E-70A4-4C66-8AA5-C8000DBCD569
ZICHRON YECHESKEL TRUST
STATEMENT OF FINANCIAL ACTIVITIES
YEAR ENDED 5 APRIL 2025
| 2025 | 2024 | |||
|---|---|---|---|---|
| Unrestricted | ||||
| fundsTotal funds | Total funds | |||
| Note | £ | £ | £ | |
| Income and endowments | ||||
| Donations and legacies | 4 | 78,636 | 78,636 | 162,010 |
| ------------------------------- | ------------------------------- | ------------------------------------- | ||
| Total income | 78,636 | 78,636 | 162,010 | |
| =============================== | =============================== | ===================================== | ||
| Expenditure | ||||
| Expenditure on charitable activities | 5,6 | 139,518 | 139,518 | 180,898 |
| ------------------------------------- | ------------------------------------- | ------------------------------------- | ||
| Total expenditure | 139,518 | 139,518 | 180,898 | |
| ===================================== | ===================================== | ===================================== | ||
| ------------------------------------- | ------------------------------------- | ------------------------------------- | ||
| Net expenditure and net movement in funds | (60,882) | (60,882) | (18,888) | |
| ===================================== | ===================================== | ===================================== | ||
| Reconciliation of funds | ||||
| Total funds brought forward | 77,597 | 77,597 | 96,485 | |
| ------------------------------------- | ------------------------------------- | ------------------------------------- | ||
| Total funds carried forward | 16,715 | 16,715 | 77,597 | |
| ===================================== | ===================================== | ===================================== |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 7 to 10 form part of these financial statements.
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Docusign Envelope ID: 7422CB9E-70A4-4C66-8AA5-C8000DBCD569
ZICHRON YECHESKEL TRUST
STATEMENT OF FINANCIAL POSITION
5 APRIL 2025
| 2025 | 2024 | 2024 | |||
|---|---|---|---|---|---|
| Note | £ | £ | £ | £ | |
| Current assets | |||||
| Debtors | 11 | 3,125 | – | ||
| Cash at bank and in hand | 15,210 | 80,777 | |||
| ------------------------------- | ------------------------------- | ||||
| 18,335 | 80,777 | ||||
| Creditors: amounts falling due | |||||
| within one year | 12 | 1,620 | 3,180 | ||
| ------------------------------- | ------------------------------- | ||||
| Net current assets | 16,715 | 77,597 | |||
| ------------------------------- | ------------------------------- | ||||
| Total assets less current liabilities | 16,715 | 77,597 | |||
| ------------------------------- | ------------------------------- | ||||
| Net assets | 16,715 | 77,597 | |||
| =============================== | =============================== | ||||
| Funds of the charity | |||||
| Unrestricted funds | 16,715 | 77,597 | |||
| ------------------------------- | ------------------------------- | ||||
| Total charity funds | 13 | 16,715 | 77,597 | ||
| =============================== | =============================== |
These financial statements were approved by the board of trustees and authorised for issue on 3/2/2026 ........................, and are signed on behalf of the board by:
(tur by: Mr A Stern Trustee
The notes on pages 7 to 10 form part of these financial statements.
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Docusign Envelope ID: 7422CB9E-70A4-4C66-8AA5-C8000DBCD569
ZICHRON YECHESKEL TRUST
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 5 APRIL 2025
1. General information
The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is 28 St. Andrew's Grove, London, N16 5NE.
2. Statement of compliance
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 accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Charities Act 2011.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, 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 management 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.
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.
Restricted funds are funds subject to specific restricted conditions imposed by donors. There are no restricted funds as at the Balance Sheet date.
Designated funds are funds which have been set aside at the discretion of the Trustees for specific purposes. There are no designated funds as at the Balance Sheet date.
Incoming resources
All income is included in the statement of financial activities when entitlement has passed to the charity, it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured.
Income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
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Docusign Envelope ID: 7422CB9E-70A4-4C66-8AA5-C8000DBCD569
ZICHRON YECHESKEL TRUST
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 5 APRIL 2025
3. Accounting policies (continued)
Resources expended
Expenditure is recognised as soon as there is a present obligation committing the Charity to pay out resources, it is probable that a transfer of economic benefits will be required in settlement and the amount can be measured or estimated reliably.
Support costs
Support costs are those costs which are common to all areas of the organisation. These are allocated across all areas of activity on the basis of the number of service users for each activity.
Governance costs
Governance costs are associated with the governance arrangements of the charity and relate to the general running of the charity. These costs include audit, legal advice for Trustees and costs associated with meeting constitutional and statutory requirements such as the cost of Trustee meetings and the preparation of the statutory accounts.
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 are 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 payments discounted at 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 instruments are subsequently measured at amortised cost.
4. Donations and legacies
| Donations and legacies | ||||
|---|---|---|---|---|
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
| Funds | 2025 | Funds | 2024 | |
| £ | £ | £ | £ | |
| Donations | ||||
| Donations received | 78,636 | 78,636 | 162,010 | 162,010 |
| =============================== | =============================== | ===================================== | ===================================== |
No conditions were attached to any donations.
5. Expenditure on charitable activities by fund type
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2025 | Funds | 2024 | |
| £ | £ | £ | £ | |
| Furtherance of Jewish religion, | ||||
| education, and alleviation of poverty | 137,070 | 137,070 | 177,440 | 177,440 |
| Support costs | 2,448 | 2,448 | 3,458 | 3,458 |
| ------------------------------------- | ------------------------------------- | ------------------------------------- | ------------------------------------- | |
| 139,518 | 139,518 | 180,898 | 180,898 | |
| ===================================== | ===================================== | ===================================== | ===================================== |
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Docusign Envelope ID: 7422CB9E-70A4-4C66-8AA5-C8000DBCD569
ZICHRON YECHESKEL TRUST
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 5 APRIL 2025
6. Expenditure on charitable activities by activity type
| Grant | |||||
|---|---|---|---|---|---|
| funding of | Total funds | Total fund | |||
| activities | Support costs | 2025 | 2024 | ||
| £ | £ | £ | £ | ||
| Furtherance of Jewish religion, | |||||
| education, and alleviation of poverty | 137,070 | 798 |
137,868 | 179,308 | |
| Governance costs | – | 1,650 |
1,650 | 1,590 | |
| ------------------------------------- | -------------------------- | ------------------------------------- | ------------------------------------- | ||
| 137,070 | 2,448 |
139,518 | 180,898 | ||
| ===================================== | ========================== | ===================================== | ===================================== | ||
| 7. | Analysis of support and governance costs | ||||
| Total 2025 | Total 2024 | ||||
| £ | £ | ||||
| Independent examination fees | 1,650 | 1,590 | |||
| Other costs | 798 | 1,868 | |||
| ---------------- | -------------------------- | ||||
| 2,448 | 3,458 | ||||
| ================ | ========================== | ||||
| 8. | Analysis of institutional grants | ||||
| 2025 | |||||
| £ | |||||
| Grants to institutions | |||||
| Noam Hatorah (London) | 25,000 | ||||
| Keren Klei Kodesh | 10,000 | ||||
| Beis Aharon TT Activity Centre | 6,000 | ||||
| Amud Hachesed Trust | 5,500 | ||||
| PPC Trust | 5,000 | ||||
| College For Higher Rabbinical Studies | 5,000 | ||||
| Mifal Tzedoko V’Chesed Limited | 5,000 | ||||
| The Rehabilitation Trust | 4,000 | ||||
| Start Upright | 4,000 | ||||
| Toldos Aharon Trust Limited | 2,500 | ||||
| Reb Shayele’s Tzeduke | 2,000 | ||||
| Other Small Grants (under £1,000) | 1,400 | ||||
| ------------------------------- | |||||
| 75,400 | |||||
| ------------------------------- | |||||
| Total grants | 75,400 | ||||
| =============================== |
9. Staff costs
There were no employees during the year.
10. Trustee remuneration and expenses
No Trustees have been paid any remuneration or received any other benefits from the charity.
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Docusign Envelope ID: 7422CB9E-70A4-4C66-8AA5-C8000DBCD569
ZICHRON YECHESKEL TRUST
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 5 APRIL 2025
| 11. Debtors | ||||
|---|---|---|---|---|
| 2025 | 2024 | |||
| £ | £ | |||
| Other debtors | 3,125 | – | ||
| ========================== | ================ | |||
| 12. Creditors: amounts falling due within | one year | |||
| 2025 | 2024 | |||
| £ | £ | |||
| Accruals and deferred income | 1,620 | 3,180 | ||
| ========================== | ========================== | |||
| 13. Analysis of charitable funds | ||||
| Unrestricted funds | ||||
| At | At | |||
| 6 April 2024 | Income | Expenditure | 5 April 2025 | |
| £ | £ | £ | £ | |
| General funds | 77,597 | 78,636 | (139,518) | 16,715 |
| =============================== | =============================== | ===================================== | =============================== | |
| At | At | |||
| 6 April 2023 | Income | Expenditure | 5 April 2024 | |
| £ | £ | £ | £ | |
| General funds | 96,485 | 162,010 | (180,898) | 77,597 |
| =============================== | ===================================== | ===================================== | =============================== | |
| 14. Analysis of net assets between funds | ||||
| Unrestricted | Total Funds | |||
| Funds | 2025 | |||
| £ | £ | |||
| Current assets | 18,335 | 18,335 | ||
| =============================== | =============================== | |||
| Unrestricted | Total Funds | |||
| Funds | 2024 | |||
| £ | £ | |||
| Current assets | 80,777 | 80,777 | ||
| =============================== | =============================== |
15. Related parties
There have been no related party transactions in the reporting period that require disclosure.
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