YANKOV CHARITABLE TRUST (Regisiered Charity No. 1106703) FI)ANCIAL STATENIEYTS for the year ended 30 September 2023
YAYKOV CHARITABLF. TRUST T)EX TO THE FIYI ANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023 Page TTustres' Repon Independeni Examiner's Report Stsiemeni of Financial Aciivilies Ststemeni of Financial Position Notes to the Financial Ststements
YANKOI" CHARITABI.E TRUST TRL'STEES, REPORT The Trustees have pleasure in preseniing their Report tO8ether with the Financial Statements of the Trust for the year ended 30 September 2023. LEGAL AND ADMINISTRATIVE lFORIATION The Charity is governed by a Deed of Declardtion of T1 daied 3 Sept¢mber 2(MM. Trustees are appoinied by the existing Trusiees by Deed of Appointhient and suithble recTUitmenl 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 chariiy are administered by the tnLses, the Chair of which is Mr Julian Lewin. OBJECTIVES AND POLICIES OF THE TRUST The Trust established for the advancement of the Jewish religion and Culture among the Jewish community throughout the world. ACHIEVEMENTS AND PERFORMANCE The tru51ees considered the Charity Commission guidance on public benefit and in fulfillmenl thereof ihe charity coniinued its philanthropic activilics in supw)rt of religious. educational and other charitable organtsations and aggregaie grants of £343.070 were made in the year to 30 September 2023. RESERVES POLICY AND GOING CONCEIL It is the Trusi's policy lo maintain unrestricted funds in order to ensure ihai it is in a position to continue its Grnnt-making aciiviiies and 10 cover coniingencies of addiiional calls being made upon the Charity for support of organisalions or institulions in limes of need. The nel curreni liabilities situation is nol of concern having regard io the ongoing supwrt of the charity's loan creditor5. INVESTMENT POI.ICY The Trust Deed emwerS the truslees lo make investments which the tnLStees consider appropriate. The twstces effect investments which, over a medium period of years. ar¢ anticipated to generate dependable flow of income coupled with capilai growth. GRANT-MAKING POLICY Grants are made to charitable institutions and organisaiions in accordance with the objects of the harity.
YANKOI, CHARITABLE TRLTST TRLSTEES, REPORT ( CONTINUED ) RISK MANAGEMENT The Trustees have assessed the major risks io which the TTUSt is expose in particular those to the operations and finances of the TTUSL and are saiisfied that systems are in place to mitigate its exposure lo those risks. TRUSTEES, RESPONSIBILITIES The Trustees are required lo prepare Financial Staiements for each financial year which give a trne and fair view of the siaie of affairs of ihe Tn1 and of its surplus or d¢ficiency for Ihal period. In preparing the Financial Stsiemcnts. the Trustees are required to.. select suitable accounting policies and apply them consisiently make judgements and ClMateS Ihal are reasonable and prudeni follow applicable accouniing standarth. subjeci any malerial dq)artures disclosed and explained in the Financial Sta*ments iv) prepare the Financial Statements on Ihe going concern basis unless it is inappropriate to presume Ihal the trust will conlinue in busine. The Twstees are resp)nsible for maintaining proper accounting records which disclose with reasonable accurncy al any time the financial posilion of the Trust and to enable them io ensure that the Financial Sthiemenls comply with the Charities Act 2011. They are also responsible for safeguarding the asseis of the Trust and hence for taking reasonable steps for the prevention and dcieclion of fraud and other irguIarilIL. Mr Jullan Lewln Trustee Date: 281b June 2024
YANKOV CHARITABLE TRUST IIIDEPENDENT EXAMINER'S REPORT TO THE TRL'STEES OF YLYKOV CHARITABLE TRUST YEAR ENDED 30 SEPTE.MBER 2023 I report on the accounts of the cbariry for the year ended 30th September 2023 set out on pa8es 4 to 8. RESPECTIN'E RLSPOI%SIBILITIES OF TRUSTEES AND Ih'DEPENDENT EXAMINER The charitys trnstees are responsible for the preparntion of the accounts. The charity's Irustees consider that an audii is not required for Ihis year under seclion 144 of the Charities Aci 2011 {Ihe Charities Acii and Ihai an independent examinaiion is needed. It is my responsibility to.. examine ihe accounts under seclion 145 of the Chariiies Aci, ) follow the procedures laid down in the gener Direciions given by the Charity Commission (under Seclion 145{5)Ib) of the Chariiies Act, and to stale wheiher particular mailers have come io my aiieniion. BASIS Ob. IliDEPEYDENT EXAMINF.R'S STATEMEYT My examinaiion was Larried oui in Accordance '1[h gienerul Directions given by the Charity Commission. An examination includes a review of ihe accounting records kept by the churiiy's trusiees consider ihai an audit is noi required for this year under seciion 144 of ihe Charities A¢1 2011 {the Charities Acii and thai an independeni examination charity and a Lomparisun of Ihe a¢counts presented with ihose records. li also includes consideration of any unusuAI items or disclosures in the aecounis. and seeking explanations from the trustees con¢erning any such mailers. The procedurcs utthrtaken do not providc all ihe evidenLe that would be required in an audit, and consequently no opinion is given as to whether the ac¢ounis present a 'irue and fair. view and ihe is limiied to those matters set out in th¢ stalement below. INDEPENDENT EXAMINLR'S STATEMENT have completcd my cxamination. I confim) thai no matters have come to my aiiention in connection with the examinaiion giving me reasonable ¢ause to bclieve that in any material respect.. accouniing records were not kepi in respect of the chariry as required by seciion 130 of the 2011 Act: or the accounis do not accord with those records. or the accounts do not comply with the applicable requirements concerning the forn] and conteni of acLounts set oui in the ChArities IAccouTris and R¢portsl Regulations 2008 other Ihan any requir¢mcni ihat the accounis give a 'irue and fair view which is not a matter considered as part of an independeni examination. Mr L. Lerner FCA 9 Winchester Avenue, Prestwich, Manchester M25 OLJ Indendent examiner Date: 28 June 2024
YANKOI, CHARITABI.E TRUST STATEMENT OF FINANCIAL ACTIIryTIES FOR THE YEAR ENDED 30 SEPTEMBER 2023 Note 2023 2022 GENERAL FUND INCOMING RESOURCES Incoming Resources from Genmiing Funds Voluntary Income - Donaiions Received Investhi¢ni Income 62,406 60,817 155,710 84,795 TOTAL INCOMING RESOURCES 123,223 240505 RESOURCES EXPENDED Charitable lIvi11eS 343,070 70.425 TOTAL RESOURCES EXPEYDED 343,070 70,425 NET INCOMING RF.(iOURCFS FOR THE YEAR (219,847) 170,080 Loss on salelrevaluation of Fixed Assets {109,971) (180,IMKI) NET MOVEMENT IN FUNDS (329,818) {9,920} NET UI%RESTRICTF.D FUND.S BROUGHT FORWARD 680,870 690,790 UNRESTRIcfED FUND CARRIED FORWARD 351,052 680,870 All movements are in unrestricied funds The notes on pages 6 10 8 forni part of these Financial Ststements.
I'AJKOI, CHARITABLE TRLST STATEMENT OF FINANCI.41. POSITION 30 SEPTE.IIBER 2023 Note 2023 2022 FIXED ASSETS Investments 834,966 ,074,043 CURRENT ASSETS Cash at Bank 82J75 13,724 CRF.DITORS: Amounts falling due within one year 378 897 NET CURRENT LIABILITIES (465,914) (365,173) 369.052 70&869 CRF.DITORS: Amounts falling duL dftLr onL year NET ASSETS 351,052 680,870 UINRESTIUCTED FUNDS L151,052 £680,870 These financial statements were approved by the board of Itee$ and authorised for issue on 28, June 2024, and are signed on behalf of ihe board by.. Jullan Lewin - TRUSTF.E The notes on pages 6 10 8 fomi part of these Flnancial Staiements.
Y ANKOV CHARITABLE TRUST NOTES TO THE FINANCIAL STA TEMENTS FOR THE YEAR ENDED 30 SEIYEMBER 2023 I. GENERAL INFORMATION The Charity is govemed by a Deed of Declaralion of Trnst daled 3 September 2004. The address of the charity is 158 Albert Avenue. Pr¢siwich. Manchesier, M25 OHE. 2. STA TEMENT OF COMPLIANCE These financial SleMen1S have been prepared in compliance with FRS 102. 'The Financial Reporting Siandard applicable in ihe UK and Ihe Republic of Ireland,, the S(alement of Recommendcd Prnctice applicable io chariiies preparing Ihetr account5 in accordance with the Financial RepK)rting Standard applicable in ihe UK and Republic of Ireland (FRS 102) (Charities SORP {FRS 102)) and the Charities Aci 2011. 3. ACCOUNTING POLICIES Basls of prep4rgtlon The financial statements have been prepared on the hisiorical cost basis. as modified by the revalualion of certain financial assets and liabilities and investment propenies measured al Idir value ihrough income or expenditure. The financial slalements are prepared in sterling. which is the functional currency of the cntily. The charity meels ihe defilliiion of a public benefit entiry under FRS 102. Golng coneern There are no material uncertainlies aboui ihe charit5 ability to continue. having regard to ongoing support from loan crediiors. Judgements And key sourees of estlm2tlon uncertAlnty The preparation of the financial stalements requires management lo make judgements. estimates and assumpiions thai affeci the amounis reported. These estimates and judgements are coniinually reIewed and are based on experien¢e and other faclors, including expeclations of fulure events that are believed io be reasonable under Ihe circumslances. There were no significanijudgemenis or estimates made in the preparation of these financial siatements. Fund accounting General unrestricted funds comprise the accumula*d surp7$ or deficit on income and expendiltsre ac¢ounl. They are available for ai the discretion of the TnLStee5 in fut1herdnce of the general objeciives of the Charity. Incomlng resources Incoming resources represent receipts under gift aid and other donations ceiVed and income from syndicated investmenis in property.
YANKOV CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30.SEvfEMBER 2023 Resources expanded All expendiiure is Classified under the Charitys principal categories of charithble and other expenditure and by the t)pe of expense. Flnaneial Instruments A financial asset or a financial liability is recognised only when ihe enlity becomes a party to the coniractual provisions of the instrument. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaciion costs. unless ihe arrangement constitutes a financing transaciion. where li is recognised at the present value of the fuiure panents discounted at a market rdle of interesi for a similar debi instrumeni. LUent assets and Current liabilities are subsequently measured at the cash or other consideration expecied lo be paid or received and not discounted. Investments Investments are included in the Balance Shea at fair value. INVESTMEV4T INCOME 2023 2022 Income from syndicated investments in property Bank interest 60,620 197 84,795 60,817 84,795 3. COSTS OF CHARITABLE ACTIVITIES BY FUND TYPE 2023 2022 Charitable Donations from Unrestricted Funds Support costs Bank Charges and Interest 339,917 2,-150 803 66,802 2.480 1.143 343,070 70,425 The costs of charitable aclivities of includes grants toLglling £227,118 to British Friends of Tiferes Chaim and £18,000 to British Friends of Kupat Hair, and the balance relates io grants under £10,000.
YANKOV CHARITABLE TRUST NOTES TO THE FtNANCIAL STATEMENTS FOR THE YEAR ENDED 30 SE]ryEMBER 2023 FIXED ASSETS Investments 8s at I 51 October 2022 .074,043 Dl$posal of investments 239 077 As al 301b September 2023 £834,966 The syndicaied investments are staled ai fair value as assessed by the Trustees. FUNDS Balance at I ' October 2022 Net Incomin8 Resources for the Year Balance al 30, Sepiember 2023 680.870 -129 818 £ 351,052