Chariti" Number 1098¥39 CHOFETZ CHAIM TRUST FOUNDATION FIN..IJCIAL STATEI1qE'Ts .10.IUNE 202.3
CHOFETZ CHAIM TRUST FOlJfrJ.r).4"I,JN FINANCIAL STATEMENTS YEAR ENDED 30 JUNE 2023 COI%TFNT% Trusiees aiid pr(pf¢ssion21 advisers Trustees Annual R¢potT Siaiemeni ofi'rusLCCS r¢%ponsibililics Indcpcndent examiner report Slaicmcni of financial aciiviiics Ralancl %h¢ci Noles io ihe finaiicial stalL'mep.I &9
CHOFETZ CHAIM TRUST FOUNDATION TRUSTEES AND PROFESSIONAL ADVISERS Registered charit%. na¢ CHOFETZ CH.bJM TRUST FOLThD.4TIO CharitTr Trmber 10988J9 Prfncipal office Fldi 4 Alexandra House 104 Bouyerie Road London N16 OAQ Trustees Irs S N Englander P Smith J S Lnglander Accountant JS & Lo.4¢CounLts Lid 26 Theydon Road London F.5 9NA Bankers Saniander
CHOFETZ CHAIM TRUST pOLINDATIOht
TRUSTEES ANNUAL REPOF< i
YEAR ENDED 30 JUNE 2023
I?tinUed}
Thc trustees have plL2%ure in pr(lnIlri8 thtir retM)n 2DJ the unaLidiied fllwi¢ial siaiemenis of the
charity for ihe year ¢ndcd 11) JunL ?jl2.=
REFEREfCE AND .IDIII%I%TIL¥TII"E DET.IILS
R¢lorincc and adiiiini%Lfd(11 L U¥Lail Jlkn ihoii'n in Il)e )chedule or1.tee5 and professional advis¢rs on
page l ol-thL financial statanLntN.
THE TRUSTEES
Th¢ truslLLs who
CHOFETZ CHAIM TRUST Fb'jlPIOATIIJN TRUSTEES ANNUAL REPO1. YEAR ENDED 30 JUNE 2023 RE5ERI'ES Thc IruylLX% aim io mainiain IrÉt' in ijn1ncleI$ fur.ds at a leN'el which equates to appTO.ximaiLly thrLX' month5 01. w Jri%ln¥1L(l chatitsblc Lxp¥ndilvn', aTKI thcy feel fortunate in having been abl¢ tu maintain thai Icvcl ot PLANS FOR THE FUTI'RE Ay part ol- oui. Ollbioing plans lor th¢ fuiure. Iv¢ aht IcK>king io ¢arry on wilh our successful work and are consldnily lundraiing 10 Lui cr oiir kx,w"ntr&. Signed on behalf of the rnjsittb Truslee 7, Januory 2025
Thc charily's tnLgiees are rLbpor..si.. Annual Repon and the financial stalemcnti in accordance wilh dppltcJbli ljii 2nd Lry11¥1 kinrythm Accouniing Stsndardb. (United "ngdoin GL(d]ly A¥L¢PtLd AL£ouniin¥ PrdLIL¥'j. Thc law" applicabi¢ io chariiies in P.Iglan(l an(1 W.Iles reqvirL) Ihc Irustccs lo prcpare financial Stalffli¥nli l¢)r Lach linancial yLili ivhi¢h a trLie ar.d lair view of ihe siaie of affairs of ihe chariiy and of the iiiioming rLsouiL¥S aiid hppliiaiioii of r¢sourc=i of th¢ chariry for ihat periiKI. In preparing Ihese finbvb¥ial st4ltemenrs. th¢ rrd%t¢¢s ar¢ r¢quired io- select suirabl¢ a¥woullring poliLie5 and ihcn apply ihrll Lonsisrenily. obscrvc thc meih(xls dnd principl¢g in the Charilics SORP,. make judgemenis and esiimatLS ihai are r¢%onabl¢ and prudcni- stalL whLih¥r applicablL accounling stand2r&s hdi'e be¢n followed subjeci to any maierial dcparturLs diqcloed and ¢xplainc(l in thc Iinarbcial qdicmcnts.. prcparc the financial staiemCn on th¢ gi)iryg ioncem basis unlL>S li is inappropriate to presume Ihal thc chdriiy ivill ¢()niinuc in npcraill)n. The iru.%i¢es arc rcsponsiblc lor k¢c'ping rropLT accouniiiig rS thai dis¢lose 1¢h reasonable accuracy di Jny timc ihe financial po%ition ol- the ¥tr.e.riiv and enabli them to ensure Ihai the finan¢ial statemeniN lumply wilh Ihc Clitiriiies A¢[ ?0 I I dnd th¢ Chaiily IAccount.s and Reports) Rcgulntions 2008. ThL tni%tLX' arl. iilso fc%pun4ible tL)r V.le¥u8rd:n¥ (h¢ &%s¢ts ol. IhL' Lharity dnd hcnce fur iakin¥ r¢asonabl¢ st¢ps for the pm'ttitloil al. d¢ieLliun Lif fraud diid other irregularitivi.
CHOFETZ CHAIM TRUST kOUNIJATSON INDEPENDENT EXAMINER P.EPORT YEAR ENDED 30 JUNE 2023 I repon on thL 8Lci7unls lif rhL Lharils, for the VtrJT ended 30 JunL 2023 set out on pa8¢s 7 to 9. RESPECTII'E IiLSPOP4SIBILI riTr:s oTr"'rRbS'I'*.ES AID I]%DEPLNDET EXAMIYER The Charity's trnsltts respoi)sible for ihe preparation of th¢ ailounis. The charity'5 trustees consider That an audit is nor required for thi5 )'Vdr under seuion 144 of The C.hariiies Aa 20111.ihe Aci") and ihai an iiidepciidLni cxaminalion is nctd¢d. It is my re%nsIbIli1Y io= ¢xamii)e th¢ aLLounis under seLlion 14) of the ALI. to fnl1(). thc proceduir4 laid (knu'n in IhL" S7eneral direciions gii'en by the Charity Commission lundcr ScciiÉ)n 14515hbi ol-lnt chIleS AcL)- and iat¢ whciher Piinicular niyii¢Pi havc comc to my aiteniion. BASIS OF IDEPEr1DF.fT F.XAMI IYER'S STATEIIEYT My ¢XdminJlivii Lan'i¥d out in hLcordfjii<e with il)e ¥en¢rnl dir¢itiviits gii'eii by rhe Charity Commi88iftn. An examii)aiion inclwjcs a rci iem. of the a¥counting r¥Yords kepi by Ihe charity and a Comparison or lh¢ accounts presLnicd Kiih. Ihosc rccords. 11 11so includ¢s consideraiion of an}. unu%ual Ii¢nL% or di%il0surc% in thi account.%, and xeeLinbT explanations Irom Ihc (nLsiee.¥ conccrning any %ULh mati¢rs. Thc proLcdurL¥ und¢n4k¢n do noi proi'ide all ihe cvidenLe thai would be required in an audit. and con.%l4Uinily n() opinion is gii'Ln a& io whi%hcr thL LUunIs prisent a 'tru¥ and fair view hnd ihL' rLiJort is limit¥YJ io ihosk. martLfs ¥¢1 oui in thL' statLmlCllt bL.Iow. IliDkPE.NDE.YT LXAI¥IIi%ER'S 5T.4TE.ML.I" In conneclit)n wilh my examinalion. no maiiLr h&$ come to my allcnuon- .hiih gTjI'LS me r¢Onable caw%c to bclicvc thai. in any material resp¢¢t. the rL4uifL.ML1S: to keep xcouiiiing¥ reiord% in acconlance wilh Scclion 130 ofihc C'harilies Act; dnd tv prep4ir¢ ac¢ou1115 whiLh aLYord wirh the accouiiling r¢cords and ¢omply with IhL' accourtTing rLquiremenis of ihc C'harities Ad hai¢ noi l)c¢n m¢t: or b) lo whiih. in my opinion, aiiention should be drdwn in ord¢r lo ¢nabl¢ a prop¢r undLY%ldndingT of IhL' accoun14 to bL' n'ach. J.S & Ci) Acc;)unianis Lid ?6 Thcydon Ri)ad London F.5 L)NA 7 January 2025
CPIOFETZ CHAIM TRUST FOIJNDATION STATEMENT OF FINANCIAL ACMVITIES for the year ended 30 June 2023 Unr•strict•d 2023 2022 Totsl Funds T{al Funds )tes INCOMING RESOURCES Incoming resources from genera Donations and Grants 113.763 113.763 108.483 Totsl Incoming res¢urces 113.763 113,763 108.483 RESOURCES EXPENDED 8dministratson Costs Charitable activities Govaman¢fi costs 3.710 104,843 1,481 3,710 104.843 1.481 4.200 103.891 1.372 Total rgsources •xp8ndod 110,034 110.034 109.463 NET INCOMINGIIOUTGOINGI RESOURCES 3.729 3,729 -980 RECONCIUATION OF FUNDS T¢>tal funds brought forward 2,086 2,086 3.066 TOTAL FUNDS CARRIED FORWARE 5,815 5,815 2.086 The Notes forn) part of the finanual stalemenls Page 6
CHOFETZ CHAJM TRUSI FOUNDATION BALANCE thy'= Jai23 2023 2022 N'otes CURRENT ASSETS: Cash al bank and in hand 7,171 7.171 3.322 CREDITORS.. #mounts falllng du• wlthln on• year -1.356 -1.236 N•t Current ass•tsllllabillths1 5.815 NET CURRENT ASSETS: 5,815 2,086 FUNDS Unr&stri¢ted 5.815 TOTAL FUNDS 5.815 2.086 Apprgvèd by th8 boaro of TNste¥s on.. And signed on their behalf by. 07 January 2025 Trust• The Noles lorm part of Ihese financi31 stst8mènts Page 7
CHOFETZ CHAIM TRUaT FOUNDATION NOIES TO-: Htr. fI,NlAL STA I tMENTQ for thè ytar 8rbtl8d 31] 20" 1 ACCOUNnNG POLICIES Aeeounting ¢on¥•ntion Th95e accounts have been prepareLI 111 4tx(danc¢ the histo cost cfflvenlion and in accordance with the Fin8nci81 Reporting Slandar¢ lor Smaler Entslies IFRSSEI leffectsve Janu8ry 20151. In prèparin9 thè accounts, the charity fdb4¥S beit waclicg as laid down In Ihe Statgm&nl of Recommended PraLlice-Accounling anc R2p(Mtinq by CharItS ISORPI 15sued In March 2005. Where there Is a ccrfllict belwctn the FRSSE and the SORP. the SORP has been adopted in accordance w¢h paragraph 419ff of tho SORP. In¢Dmlng r•soure•s l incoming resources are incliided In Ihe statement of financial actNit*s when the chAnty 1$ ènlit18d lo the Inojme and the. amounl can be qLltied wlh reasonabl8 &clry. R••our¢•8 exp•nd•d Expenditu is accounied lor on accruals ba5 ail d has be+3n dassified under htsadings that aggrggate all cost related io ihe caiegoisi Nhe costs kankloi be direcdy attribuied io particulaf headings Ihey hav8 b8er. alocated lo A1186 on a basis nStrInI with the uae tsf resources Fund accounting Unrèstr19d funds can be u6wJ In ¥ccordanc4 vrtth tho ch•ltst4• obhth"¥•s at tho dls(¥ots"on of the Iruslees. 2 TRUSTEES REMUNERATION AND 8ENEFITS No truslge rgceiv8d rernLinfiralion, allowance for or re1M1r$0fflenI of expons8& 3 INCOMING RESOURCES FROM GENERATED FUNDS I'oial F'undi 2022 LAresiricl¢d FlAdI Fund¥ 202.1 Oonafr'o an¢ &ant8 113.763 I IA763 111&483 4 ADMINISTRATK)N COSTS Lni'tsiricted Funds Toi¥l Fund4 2011 Funds 2022 Ranl 4.•n 3,711 S COSTS OF CHARrrABLE ACTIVITIES 8Y ACTMTY TYPE Toi unds 2022 Lnre51rirltd Fundi -rotal ¥ndJ 2023 (if#ni¥ lo indii-iduals 104.843 104.843 104.843 l D4.643 103.891 103.891 Page 8
CHOFET£ CliAIM TRUSI" FOiJYDATION NOTES TO Tvk FINAtr4(:Ki >i"A-. EKA.ENTS fcr i.ts2r 6rd&d Jurie é_023 GOVERNANCE COSTS I'niesEryried To¢?1 Evd5 20LI Total Fund$ 21122 Accountancy 8ank charges 696 785 1.481 660 712 1.372 785 1.461 CREDITORS: AMOUNTS FP.LLING DUE VIITHIN ONE YEAR 2023 2022 1.236 1.236 1.3)6 MOVEMENTS IN FUNDS PlÈt movement fund$ At 1.7.=.022 30.06.2023 Unrestricted fvnds Genera funcl 2.C86 3.729 5815 TOTAL FUNDS 3.729 5.815 Net movernent In fvnds. induded in abow• are as fdlows Incornlng R•Sour5 expended Movement In fund5 Unrnsirl¢ted funds General fund 113.763 110.034 3.729 TOTAL FUNDS t13.163 110,034 3,729 9 T,IXATION CHOFF.T7. CHAINI TRLST FOUXDIITION is ? r¢gIered cl)arity Jnd ¥[eroTe is noi liable li) in¢(Iii)e ia¥ i)r ¢i)I)aLli)ll iak i)n iniome derJi¢d fron) iis charilable aLli%141e%. as it talls withjn the various'-XLmptions ai"ailabl. to regE5(¢r rlwiiies.