2021-09-30-accounts

YANKOV CHARITABLE TRUST

(Registered Charity No. 1106703)

FINANCIAL STATEMENTS

for the year ended 30 September 2021

YANKOV CHARITABLE TRUST

INDEX TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2021

Page
1 - 2	Trustees' Report
3	Independent Examiner’s Report
4	Statement of Financial Activities
5	Statement of Financial Position
6 - 8	Notes to the Financial Statements

YANKOV CHARITABLE TRUST TRUSTEES' REPORT

The Trustees have pleasure in presenting their Report together with the Financial Statements of the Trust for the year ended 30 September 2021.

LEGAL AND ADMINISTRATIVE INFORMATION

The Charity is governed by a Deed of Declaration of Trust dated 3[rd] September 2004. Trustees are appointed by the existing Trustees by Deed of Appointment and suitable recruitment and training procedures apply.

The Trustees who served throughout the year were Mr Julian Lewin, Mr Jacob Schonberg and Rabbi Aryeh Schonberg. Day to day affairs of the charity are administered by the trustees, the Chair of which is Mr Julian Lewin.

OBJECTIVES AND POLICIES OF THE TRUST

The Trust was established for the advancement of the Jewish religion and culture among the Jewish community throughout the world.

ACHIEVEMENTS AND PERFORMANCE

The trustees considered the Charity Commission guidance on public benefit and in fulfillment thereof the charity continued its philanthropic activities in support of religious, educational and other charitable organisations and aggregate grants of £93,012 were made in the year to 30[th] September 2021.

RESERVES POLICY AND GOING CONCERN

It is the Trust’s policy to maintain unrestricted funds in order to ensure that it is in a position to continue its Grant-making activities and to cover contingencies of additional calls being made upon the Charity for support of organisations or institutions in times of need. The net current liabilities situation is not of concern having regard to the ongoing support of the charity’s loan creditors.

INVESTMENT POLICY

The Trust Deed empowers the trustees to make investments which the trustees consider appropriate. The trustees effect investments which, over a medium period of years, are anticipated to generate a dependable flow of income coupled with capital growth.

GRANT-MAKING POLICY

Grants are made to charitable institutions and organisations in accordance with the objects of the charity.

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YANKOV CIIARrrABLE TRUST TRusfELS' REPORT ( cO￿NuED ) RISK MANAGEMENr The Trustees have assessed the major risks 10 which the T￿￿t is exposed. in particular those 10 the operations and flnances of the Trust. and are satisfjcd tha( systems are in place ￿ miugate i exposure io those risks. TRUSTEES, REsPONSIBILIT￿s The Trus￿ are required to preparc Financial Staiemenrs for each financial year which give a true and fair view of ihe siaie of affaiTS of the and of its SUTplus or deficiency for thai pericd. In preparing the Financial Sthments. the TnLStees are required 10.. select suitsble accouniing ￿)I]CleS aThl apply them CO￿81￿endY make judgements and eslima￿ that are reasonable and prudenl lollow applicable accounting swidards. subjeci 10 any material departure5 disclosed a￿1 explained In the Financial sts￿Ments iv) prepare the Financ￿ Statrments on the going concern basis unless li is Inappr(4)rIa￿ to presume thai the will continue in business. The Trustees are rasponsible for nuinraining proper accounting records which disclose with reasonable accuracy ai any lime the financial p)sition of the Trust and 10 enable them to e￿Ure that the Financial Staiements comply with the Chariiies Aci 2011. They are also responsible for safeguarding the assets of the Trusl aNI he￿e for ￿kIng reasonable s*ps for the preventson deiec¢ion of fraud and nthcr irregularities. Mr Julian I￿NIn . Trustee Date: 24° July 2022

YANKOV CHARITABLE TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF YAINKOW, CHARITABLE TRUST YEAR EYDED 30 SEPTEMBER 2021 T report on the accounts of the charity for th¢ year ¢nded September 2021 sei out on pages 4 10 8. RESPECTII'E RESPONSIBILITIES OF TRU.STEES AND I￿1)EPENDENT EXAMINER The charity's tru8tees are responsible for ihe prepardiion of Ihe accounts. The charity'% tru51ee5 consider that an audit Is not required for Ihis year under section 144 of the Charities Act 2011 (the Charilics A¢t) and Ihat an independenl examination is needed. It Is my responsibility to.. exttmifte the accounts under section 145 of the Chariiies ACL to follow the procedures laid down In the general Directions given by the Charity Commission (under seciion 145151(bl of the Charities Aci, and to state wh¢ther particular matters have come to my attention. BASIS OF INDEPENDENT EXAMIYER'S STATEMENT My examinaiion was carried oul In accordance with generdl Directions given by Ihe Charity Commission. An examination Includes a review of the accounting records kepi by the charity's INsiees consider thal an audit Is noi required for this year under section 144 of the Chariiies Aci 2011 (Ihe Chariiies Aci) and ihai an independent ¢xamin81ion charity and a comparison of the accounis presenied ￿'ith ihose records. It also Includes cnnsideration of any unusual Items or disclosurcs In the 8ccounts, and seeking explanations from ihe trusle¢s concerning any such mailers. The procedures undcrtaken do not provide all Ihe evidence that would bc required in an audii. and consequ¢ntly no opinion is givcn as to whcthcr the accounts preseni a 'truc and fair view and ihe r¢pon is limiied ￿ those matlers set out in the siatemeni below. INDEPENDENT EXAMINER'S STATEMENT I have completed my examination. I confimi thai no matters have come lo my attention in conneciion wilh the examinalion giving me reasonable cause to believe that in any material r¢s￿¢t.. accounting records w¢r¢ not kept in respeci of the chanty as required by seciion 130 of Ihe 2011 Aci; or the accounts do not accord with those records; or the accounts do noi comply with the applicable requirements conceming the fom and contcnt of accounts sct oui in the Chaniies (Accounts and Reports) Rcgul&tions 2008 othcr than any requiremeni ihal the a¢¢owiL8 give a 'truc and fair view which is not a mattcr con51dered as part of an independeni examination. Mr L. Lerner FCA 42 Rostrevor Avenue London Nl 5 6LP Independent examiner Date.. 24, July2022

YANKOV CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2021

Note £ GENERAL FUND INCOMING RESOURCES 1.2 Incoming Resources from Generating Funds Voluntary Income - Donations Received Investment Income 2 TOTAL INCOMING RESOURCES RESOURCES EXPENDED Charitable activities 3 93,012 _ TOTAL RESOURCES EXPENDED NET INCOMING RESOURCES FOR THE YEAR NET MOVEMENT IN FUNDS NET UNRESTRICTED FUNDS BROUGHT FORWARD UNRESTRICTED FUND CARRIED FORWARD All movements are in unrestricted funds	2021 £ £ 189,202 116,854 _ 306,056 126,339 __ 93,012 _ 213,044 _ 213,044 477,746 _____ 690,790 _	2020 £ 195,816 72,743 __ 268,559 126,339 _ 142,220 142,220 335,526 __ 477,746 _____

The notes on pages 6 to 8 form part of these Financial Statements.

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YANKOV CHARITABLE TRU srATENIF.NT OF FINANCIAL POSITION 30 SEPTEMBER 2021 Nole 2021 2020 FIXED ASSETS Invesllnents 1,254,043 1.254,043 CURRENf ASs￿s Cash at Bank 15.219 CREDITORS: Amounts falling due within One year NET CURRENT LIABILITIES (526,586) (729,297) 727,457 524,746 CREDtTORS: Amounts falling due after one year NET ASSETS £4TI,746 £6￿,7￿) £477,746 Thcs¢ financial statements were approved by the board of trustees and authorised for issue on 24, July 2022. and ar¢ signed on behalf of the board by: Julian tThln . TRU The Mtes on pages 6 (0 8 forni part of these Fina￿131 Ststements.

YANKOV CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2021

1. GENERAL INFORMATION

The Charity is governed by a Deed of Declaration of Trust dated 3[rd] September 2004. The address of the charity is 88 Castlewood Road London N16 6DH.

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.

1. 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.

The charity meets the definition of a public benefit entity under FRS 102.

Going concern

There are no material uncertainties about the charity's ability to continue, having regard to ongoing support from loan creditors.

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. There were no significant judgements or estimates made in the preparation of these financial statements.

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.

Incoming resources

Incoming resources represent receipts under gift aid and other donations received and income from syndicated investments in property.

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YANKOV CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2021

Resources expanded

All expenditure is classified under the Charity's principal categories of charitable and other expenditure and by the type of expense.

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.

Investments

Investments are included in the Balance Sheet at fair value.

2. INVESTMENT INCOME

----- Start of picture text -----
|||| |---|---|---| |2021|2020| |£|£| |Income from syndicated investments in property|116,854|72,743| |------------------- -------------------| |116,854|72,743| |========= =========|

----- End of picture text -----

3. COSTS OF CHARITABLE ACTIVITIES BY FUND TYPE

----- Start of picture text -----
|||| |---|---|---| |2021|2020| |£|£| |Charitable Donations from Unrestricted Funds|93,012|126,339|

----- End of picture text -----

The costs of charitable activities of £93,012 includes grants of £50,000 to Riosan, £13,600 to Chevras Maoz Ladol, and £11,015 to Yeshivas Toras Moshe. The balance relates to grants under £10,000.

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YANKOV CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2021

4.	FIXED ASSETS
		£
	Investments as at 1st October 2020	1,254,043
	As at 30th September 2021	£1,254,043
		=========
	The syndicated investments are stated at fair value as assessed
	by the Trustees.
5.	FUNDS
		£
	Balance at 1stOctober 2020	477,746
	Net Incoming Resources for the Year	86,663
	Balance at 30thSeptember 2021	£564,409
		======

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