Cbarih. INutnber 1098839 CHOFETZ CHAIM TRUST FOUNDATION FINANCIAL STATEMENTS 30 JUNE 2024
CHOFETZ CHAIM TRUST FOUNDATION FINANCIAL STATEMENTS YEAR ENDED 30 JUNE 2024 CONTENTS PAGE Trustccs aiid professioiial advisers Trustees Aiiiiual Report Statement of'i'rus(e¢s responsibilities Independcni cxaminer report Stalernenl of fiiiancial activities Balance shcel Notes to ihL financial slatemenls &9
CHOFETZ CHAIM TRUST FOUNDAI'ION TRUSTEES AND PROFESSIONAL ADVISERS Registered charit% name CHOFETZ CHAIM TRUST FOLWDATION Charitv number 1098839 Prlnclpal office Flat 4 Alexandra Ilouse 104 Ilouvcric Road London N16 OAQ Truslees Mrs S N Englander P Siiiith J S Englander Accountant JS & CO Accountants Ltd 26 Theydoll Road London F.5 9NA B*nken Santander
CHOFETZ CHAIM TRUST FOUNDATION TRUSTEES ANNUAL REPOR-. YEAR ENDED 30 JUNE 2024 Dnlinuedj Thc tTUStccs havc plca%urc in prL'scnting their report and the unaudited fuwicial statements of the charity for ihe yeai. ended 10 June 2024. REFEREfCE AND.4DMIP41STRATIII DETAILS Rcfcrcncc and adiiiini%iraiivc dclails al'i %hown in thc.%ehdule of trustees and profcssional adviscTS on page l of ihe fjnancial stalements. THE TRUSTEF, Th¢ In]st¢¢s ivho NLri ed the Lompany during the period wLre as follows.. Mrs S N Englander P Smith J S Eiiglander All majui dELisions arL takeii collectivcly by th¢ Irustecq. The Inistees are unpJid and derails of any related party transactions are disclosed as applirablc in th¢ notes to the accouiiis. STRUCTLRE, C.OI'ERNANCE AIND f+lAN'AGEIIIEIYT Thc Lharity is c()iitrnllcd by it4 govc'rning cluLumeiii, a deed of trust and constitutes an unincorporated charity. Recruitment and appointni¢ni of new truslees would be in line with the TTUSI D¢ed and with the consent ol. ¢hL ¢ru%lL¥s. The ¢rileria set for the suitabl¢ eandidate would bc someone who is sensitive to the needb and dLin]d5 Ut'diL of¥dnisdiion. IUSK RF.VIEW Th¢ Trustees havL asSLsld ttle major risks to which thc chdriry is exposed. in particular those relatcd to the op¢rations aiid finances of the Twst, and are satisfied that systems arc in plaL¢ to manage our exposure to the mai()r risks. OBJEcfivLs iiND ,ICTII'ITIES The charily supp()rl% di¢ oneb Studying thc J¢wigb iexts. Ii also helps relieves fmancial hardship in particular bui nol exclusi.¢]Y by the PfON'ision of RISK .MA.NAGEMETrT The trustees hal ¢ pill iii pldce systems lo id¢ntify risks and revi¢w the systems regularly. A REI'ILW OTr ()LR ACHIEVE%IE.YTS AI%D PERTrORMAiSCES The Tnasiees are 4ali%ticd wilh thc results. Thc charity r¢ccii'Ld £124.538 in donaiions and l¢ga¢i¢s during thc y¢gr. Surplu5 Larr11 fonvard is £8,545.
CHOFETZ CHAIM TRUST FOUNDATION TRUSTEES ANNUAL REPORT , YEAR ENDED 30 JUNE 2024 RESERVES The Iruslees dim 10 mainiain free reber¥'es in unrestricted funds al a level which ¢quat¢s to approiiinatLly thr¥i Iiioriths of unrcstThctid vharii&ble expLndilur¢, and they f¢¢1 fortunate in having been able to mdintaiii rhai Icvel of reserv'es. OlliiJTue PLANS FOR THE FUTURE As pari of our orLioinL plans lo¥ the fuiurc. ive are Iix)king to carry on with our successful work and are constantly luiidr<ii%lll¥ tu Lui'ei our expenses. Signcd on beh211-0l-th¢ tnJst¢¢ts Trustee 13" May 2025
The charity's trusiecs are re.4ponsihlL. Ini. preparing the Tnistees Annual Report and the financial stalemenis in dccordance with applicable lai¥ and United Kingdom Accounting Standard5 IUnil¢d Kingdom Gener4lly AiLepted ALcoynling PraLti¢¢l. The law applicable io charities in England and W21es requires ihe truslees to prepare financial stal¢m¢nib for ¢dLh linancial year which le a true and fair view of th¢ stAt¢ of affairs of the Lhdrit and Of the incoming rebources and applicdiioll of resources of the charity for that peri(bd. In Preparing tb¢s¢ finala1 st41r¢ni¢iits, th¢ inJst¢¢s are required to.. seleci suitabli <iLiouniin¥ policies and then apply ibem ¢onsist¢ntly' observe the iiieihodb dnd principles in the Charities SORP., make judgcincntf and estimatcs that arc rcasonable and prudent; SL7te whcih¢i' applicablc accounlingF standards have been followed, subje¢t lo any malerial dcparturcs discloscd and cxplain¢J in the financial sthtements: prcpare the linancial slatem¢nts on thc going concern basis unless it is inappropriate Lo presume tha¢ the ¢hariiy ivill continue in operdiion. The Irusi¢¢s ar¢ responsible for keeping proper accounting records that disclose with r¢asonable accuracy at any limc ihc financial position of the charity and enabl¢ them io ensure ihat the linancial stat¢ments comply wilh the Charilics Act 2011 and th¢ Charity (Accounts and Reports) Regulations 2008. The trusteL% dfL also rL'sponsible for Safeguarding ihe assets of the charity and h¢nee for taking rea50nabl¢ 5t¢ps tl)F lh¢ pr¢vention and detection of fraud and other irregularitie5.
CHOFETZ CHAIM TRUST FOUNDATION INDEPENDENT EXAMINER REPORT YEAR ENDED 30 JUNE 2024 I rOrt on the dl¢ClUllts of th¢ cl)arTty foT the year eno'cd 30 June 2024 set oui on p2ge$ 7 to 9. RESPEC'I'II'L RESPOsIBIL1.rlEs OTr 'fRUSTEES AI%D IliDkPkNDLIIl' LXAMLYLR Th¢ Charity's trustecs are responsible for the preparation of the a¢Lounts. The ¢harity's trustees consider that an ic udil is noi required for this year under seciion 144 of ihe Charities Act 2011 I'tbe Acl") and Ihat an iiidipLndcni examinalion is needed. li is my respon8ibili(J' io.. ¢xamii)¢ il)¢ aiiounis und¢r seLiion 145 of tiie Act. to follo. tIIL proccdui'cs laid th)'n in th¢ general directions given by ihe Chariry Commission {undcr Scciii)i) 14515)Ibi ol-Ih¢ Charitics Aci); and statc ¥vhcihcr particular matte[8 hule come to my attention. BASIS OF IDF.PF.NDEf1T EXAMINER'S STATEL¥IENT My exdminaiioii Lan'ied out In 4ccordaiice with th¢ general direclions gii'ell by th¢ Charity Lommission. An cxamiiiation includes a rcview of the ace4)unting records kept by th¢ chlty and a comparison of tli¢ aicounts preqenled w.ith those records. It also includes Consideration of an). w)u&ual items or di%closure% in the accoiints. and seeking explan31ions from the tn1¢5 con¢eming any such matters. Tl)L proccdurcs undcrtak¢n do not provide all the cvidencc that would be required in an audit. und ioi)%Lqu¢nily no opinion is given as to whcther ihe a¥counts present a 'tnJL and fair view and the rLport is limi¢Ld to thus¢ mart¢rs set out in thL Stat¢m¢nt b¢low. Ih'DEPLNDEN'I' EX.4MINER'S STAI'EMENT In connection 'lL[l Iny cxamination, no matler has come to my atlcntion: which giiLs m¢ rcasonable cause io believc tha¢, in any material rcspe¢t, Ihe rcquilCIIILni%.' io kcLP dccouniing records in accorddnce with Section 130 of the C.haritics A¢t' an(1 tL) pi'epare accouiiib whi¢h dicord wilh the arr(Trunting records and romply wilh thc <iccouniing rcquircments of the Charities Act have noi been met,. or b) to whicli. iji iny opinion, attention should be drawn in ord¢r to enable a proper undcr%tandingT of th¢ a¢Lounts to bL rcachcd. JS & Co Acci)ui)iaiii% Lid 26 Thcydon Rnad London E5 YNA 13 May 2025
CHOFETZ CHAIM TRUST FOUNDAnoN STATEMENT OF FINANCIAL ACTIVITIES for the year ended 30 June 2024 Unrestrict•d 2024 2023 Totsl Funds Totsl Funds Notes INCOMING FROM Donations & Legacies 124,538 124.538 113.763 Total Incomlng resoure•s 124,538 124,538 113.763 EXPENDITURE ON Charilable activities 4.5,6 121,808 121,808 110.034 Total •xp•nd•d 121,808 121,808 110,034 NET INCOME 2,730 2,730 3,729 RECONCILIATION OF FUNDS Total funds brought fOard 5.815 5,815 2,D86 TOTAL FUNDS CARRIED FORWARr 8,545 8,545 5,815 The Notes form part o! the financial statements Pag9 6
CHOFETZ CHAIM TRUST FOUNDATION BALANCE SHEET 31>Jun-24 2024 2023 Noiès CURRENT ASSETS.. Cash at bank and in hand 9.961 9,961 7.171 7,171 CREOITORS.. amounts fallbng due wlthln one year -1,416 -1,356 Net Curr•nt assgtsllliabiliti•sl 8,545 NET CURRENT ASSETS.. 8,545 5,815 FUNDS Unrestricted funds 8,545 TOTAL FUNDS 8.545 5,815 Approved by the board of Tru'stees on.. And signed on their behalf b 13 May 2025 Trustee The Notes form part ol these financi81 statèments Pag8 7
CHOFETZ CHAIM TRUST FOUNDATION NOTES TO THE FINANCIAL STATEMENTS for tho y6ar ondad 30 June 2024 1 ACCOUNTING POUCIES Accounting convention These accounts have been prepar8d in accordancè vAth tha hlstOriC81 cost c(nventlon and in accoidance with the Financial Reporting Slandard lor Smaller Enlilies IFRSSEI leffeclive January 20151. In preparing the accounls. the Charity folbwe best practic8 as laid down In the Statement of Recomrnended Praoti¢e"Accounting 8nd Reporting by Charities ISORPI Issued in March 2(X)5. Where there Is a conflict betw6èn the FRSSE and the SORP. the SORP h8$ been adoptod In accofdanca th paragraph 419ff ol thè SORP. In¢omlng r•sourcès I Incoming resources are included in the statemenl of financial activiti08 when the charity is enlilled lo Ihe Income and the amounl can be qu8ntifi8d wlh reasonable accuracy. R•iourco8 8xp•nd•d Expenditure Is accounted for on accruals basis and has btsen dassIfd under headings Ihat 8ggreg8te all ¢ost related to Ihtr CalOry. Where costs cannot be dlrecdy 8llribu18d 10 particular he8dings they have been allocated to acts'vities on 8 ba515 COnS15tènl wilh the use ol resource5 Fund accounting Unrostrlcted funds ¢8n be used In 8¢cordance wlth th8 charttstrAe oblecllv¢$ 8t thg dlscrotlon ol the Iruslegs. 2 TRUSTEES REMUNERATION ANO BENEFITS No truslèo rocoiv•d remunoration. allowan for or r•lmbursom8nl of expenBes. 3 INCOMING FROM 'I'otAI 'unds 202.1 L'nr¢iirlct¢d Funds 2024 Donallon5 8 Leg8cies 4 ADMINISTRATION COSTS 124.538 113.763 'I'¢btal Funds 202J LDreilrlcted Fumd5 Tntal Vundq 21124 Rent 1.71 .1.71 S COSTS OF CHARITABLE AcnvinES BY ACTIVITY TYPE L"nre5trb¢ted unds Total Fund5 2024 Fund5 2023 Grant5 to iDdii"Idual4 116.563 116,583 116,563 116,563 104.843 104,843 Page 8
CHOFETZ CHAIM TRUST FOUNDATION NOTES TO THE FINANCIAL STATEMENTS for Ilie year endad 30 Jun8 2024 GOVERNANCE COSTS Uiire51rlcted Tot*] FuRd5 Funds 2024 Total Funds 21123 Accountsncy 8ank charges 720 815 1.535 720 815 1,535 696 785 CREDITORS.. AMOUNTS FALUNG DUE WTHIN ONE YEAR 2024 2033 Accruals 1,416 1,356 MOVEMENTS IN FUNDS Net movemont In fund At 1.7.Z023 At 30.06.2024 Unr•8trl¢t•d funds General fund 2.730 8.545 TOTAL FUNOS S.815 2.730 Not movoment in lunds. Indudgd irn tho 8bove are as loHows" Incomlng r••our¢•• R••ourc•s •Xnd•d Mov•m•nt In fvnd¥ Unr••lrl¢t•d funds General fund 124538 121808 TOTAL FUNDS 124 538 121.808 TAXA-I'lnN CHUFf.T7. C'HAlhl TRLST rouNI)A TIUN 1$ u rcgi%tcrcd charity und ih¥r¢forc iy no¢ liable as it tall4 's1h1n IhL' vJriou% excmpiion% ¥i'ailablL regiSre chariiiei.