REGISTERED CHARITY NUMBER: 1109192
YGS YESHIVA GEDOLA SEMINAR
REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
Sugarwhite Meyer HS Ltd First Floor 94 Stamford Hill London N16 6XS
YGS YESHIVA GEDOLA SEMINAR
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
| Page | |||
|---|---|---|---|
| Reference and Administrative Details | 1 | ||
| Report of the Trustees | 2 | to | 3 |
| Independent Examiner's Report | 4 | ||
| Statement of Financial Activities | 5 | ||
| Balance Sheet | 6 | ||
| Cash Flow Statement | 7 | ||
| Notes to the Cash Flow Statement | 8 | ||
| Notes to the Financial Statements | 9 | to | 13 |
YGS YESHIVA GEDOLA SEMINAR
REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 MARCH 2025
TRUSTEES S Seidenfeld (resigned 9.12.25) B Berger L Weiss O Y Herzog PRINCIPAL ADDRESS 167 Kyverdale Road London N16 6PS REGISTERED CHARITY 1109192 NUMBER INDEPENDENT EXAMINER Sugarwhite Meyer HS Ltd First Floor 94 Stamford Hill London N16 6XS SECRETARY O Y Herzog
Page 1
YGS YESHIVA GEDOLA SEMINAR
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025
REFERENCE AND ADMINISTRATIVE INFORMATION
The information is shown on page 1 of the financial statements and forms part of this report.
OBJECTIVES AND ACTIVITIES
Objectives and activities
The objective of the charity are the advancement of the Orthodox Jewish Religion and Orthodox and Orthodox Jewish education; the relief of the poor sick and feeble throughout the world, in particular but not exclusively amongst members of the Jewish Faith residing in New York USA.
The charity's principal activity throughout the year was that of grantmaking to institutions and organisations. The trustees confirm that they have given due regard the Charity Commission's guidance on public benefit.
Grantmaking
In general the trustees select the institutions to be supported according to their personal knowledge of work of the institution. Whilst not actively inviting applications, they are always prepared to accept any application which will be carefully considered and help given according to circumstances and funds then available.
ACHIEVEMENTS AND PERFORMANCE
The charity is reliant voluntary income. There was an 8.5% increase in income with a 7% decrease in expenditure. There was a surplus for the year which almost cleared the deficit brought forward from the previous years. The charity continued its philanthropic activities and has maintained its support of organisations engaging in education, advancement of religion, and the relief of poverty, both in England and abroad.
FINANCIAL REVIEW
Reserves policy
The trustees do not seek to maintain reserves, other than to ensure that they can continue the activities of the charity.
FUTURE PLANS
The trustees anticipate that the charity will continue on a similar basis in the foreseeable future subject to satisfactory income and there are no plans for any major changes.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Charity Constitution
The charity is constituted and governed by Declaration of Trust dated 18 March 2005.
Recruitment and appointment of new trustees
The power to appoint new trustees is vested in the board. It is not the intention of the trustees to appoint any new trustees. Should the situation change in the future, the trustees will apply suitable recruitment induction and training procedures.
Risk management
The trustees have reviewed the major risks to which the charity is exposed and confirm that they have established systems to mitigate them.
STATEMENT OF TRUSTEES' RESPONSIBILITIES
The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
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YGS YESHIVA GEDOLA SEMINAR
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025
STATEMENT OF TRUSTEES' RESPONSIBILITIES - continued
Charity law requires the trustees to prepare financial statements for each financial year. Under that law, the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).
Under charity law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011 and The Charity (Accounts and Reports) Regulations 2008. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the board of trustees on 28 January 2026 and signed on its behalf by:
O Y Herzog - Trustee
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF YGS YESHIVA GEDOLA SEMINAR
Independent examiner's report to the trustees of YGS Yeshiva Gedola Seminar
I report to the charity trustees on my examination of the accounts of YGS Yeshiva Gedola Seminar (the Trust) for the year ended 31 March 2025.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
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 Trust as required by Section 130 of the Act; or
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the accounts do not accord with those records; or
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the accounts 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.
E Meyer FCA Bsc
Sugarwhite Meyer HS Ltd First Floor 94 Stamford Hill London N16 6XS
28 January 2026
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YGS YESHIVA GEDOLA SEMINAR
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 693,048 EXPENDITURE ON Raising funds 4,257 Charitable activities 2 Religious and social event 21,294 Grantmaking 614,239 Support 2,666 Total 642,456 NET INCOME/(EXPENDITURE) 50,592 RECONCILIATION OF FUNDS Total funds brought forward (55,337) TOTAL FUNDS CARRIED FORWARD (4,745) |
Restricted fund £ 20,000 - - 20,000 - 20,000 - - - |
2025 Total funds £ 713,048 4,257 21,294 634,239 2,666 662,456 50,592 (55,337) (4,745) |
2024 Total funds £ 657,421 8,454 - 701,270 2,668 712,392 (54,971) (366) (55,337) |
|---|---|---|---|
The notes form part of these financial statements
Page 5
YGS YESHIVA GEDOLA SEMINAR
BALANCE SHEET 31 MARCH 2025
| Notes CURRENT ASSETS Cash at bank CREDITORS Amounts falling due within one year 6 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES CREDITORS Amounts falling due after more than one year 7 NET ASSETS FUNDS 10 Unrestricted funds TOTAL FUNDS |
2025 £ 100,295 (5,040) 95,255 95,255 (100,000) (4,745) (4,745) (4,745) |
2024 £ 47,183 (2,520) 44,663 44,663 (100,000) (55,337) (55,337) (55,337) |
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 28 January 2026 and were signed on its behalf by:
O Y Herzog - Trustee
The notes form part of these financial statements
Page 6
YGS YESHIVA GEDOLA SEMINAR
CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2025
| Notes Cash flows from operating activities Cash generated from operations 1 Net cash provided by/(used in) operating activities Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period Cash and cash equivalents at the end of the reporting period |
2025 £ 53,112 53,112 53,112 47,183 100,295 |
2024 £ (58,691) (58,691) (58,691) 105,874 47,183 |
|---|---|---|
The notes form part of these financial statements
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YGS YESHIVA GEDOLA SEMINAR
NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2025
1. RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES
| Net income/(expenditure) for the reporting period (as per the Statement of Financial Activities) Adjustments for: Increase/(decrease) in creditors Net cash provided by/(used in) operations |
2025 £ 50,592 2,520 53,112 |
2024 £ (54,971) (3,720) (58,691) |
|---|---|---|
2. ANALYSIS OF CHANGES IN NET (DEBT)/FUNDS
| At 1.4.24 | Cash flow | At 31.3.25 | |
|---|---|---|---|
| £ | £ | £ | |
| Net cash | |||
| Cash at bank | 47,183 | 53,112 | 100,295 |
| 47,183 | 53,112 | 100,295 | |
| Debt | |||
| Debts falling due after 1 year | (100,000) | - | (100,000) |
| (100,000) | - | (100,000) | |
| Total | (52,817) | 53,112 | 295 |
The notes form part of these financial statements
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YGS YESHIVA GEDOLA SEMINAR
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: 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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.The following specific policies are applied to particular categories of income:
Donations are accounted for when received. All other income is recognised on a receivable basis.
Expenditure
Liabilities are recognised in the year in which they are incurred and includes irrecoverable VAT which is reported as part of the expenditure to which it relates.
Grants are only recognised in the accounts when paid.
Raising funds comprise the costs incurred by the charitable company in inducing third parties to make voluntary contributions to it, as well as the cost of any activities with a fundraising purpose.
Support costs are those incurred to assist the work of the charity but are not direct charitable activities.
Governance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.
Taxation
The charity is exempt from tax on its charitable activities.
Going concern
The financial statements have been prepared in accordance with the accounting principles appropriate to a going concern notwithstanding the deficiency in net assets at the balance sheet date. The trustees consider this to be appropriate having regard to the continued provision of financial support by the charity's creditors.
2. CHARITABLE ACTIVITIES COSTS
| Religious and social event Grantmaking Support |
Direct Costs £ 21,294 - - 21,294 |
Grant funding of activities (see note 3) £ - 634,239 - 634,239 |
Support costs (see note 4) £ - - 2,666 2,666 |
Totals £ 21,294 634,239 2,666 |
|---|---|---|---|---|
| 658,199 |
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YGS YESHIVA GEDOLA SEMINAR
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
3.
GRANTS PAYABLE
| Grantmaking The total grants paid to institutions during the year was as follows: Advancement of religion Relief of poverty Avancement of education Social welfare United Talmudical Seminary Keren Habinyan Tzidkas Remo Mosdos Vayoel Moshe D'Satmar Yetev Lev London Jerusalem Trust Bnos Jerusalem School Kollel Erev Others under £10,000 The total grants paid to individuals during the year was as follows: Advancement of religion Relief of poverty 4. SUPPORT COSTS Finance £ Support 146 |
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|---|---|---|
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YGS YESHIVA GEDOLA SEMINAR
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
4. SUPPORT COSTS - continued
Support costs, included in the above, are as follows:
Finance
| Finance | ||
|---|---|---|
| 2025 | 2024 | |
| Total | ||
| Support | activities | |
| £ | £ | |
| Bank charges | 146 | 148 |
| Governance costs | ||
| 2025 | 2024 | |
| Total | ||
| Support | activities | |
| £ | £ | |
| Independent examiner's fee | 1,260 | 1,260 |
| Independent examiner's other fees | 1,260 | 1,260 |
| 2,520 | 2,520 |
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
|||
|---|---|---|---|
| Other creditors 7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR Other creditors 8. LOANS An analysis of the maturity of loans is given below: Amounts falling due between two and five years: Other loans - 2-5 years |
2025 £ 5,040 2025 £ 100,000 2025 £ 100,000 |
2024 £ 2,520 2024 £ 100,000 |
2024 £ 2,520 |
| 2024 £ 100,000 |
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YGS YESHIVA GEDOLA SEMINAR
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
9. ANALYSIS OF NET ASSETS BETWEEN FUNDS
| Unrestricted fund £ Current assets 100,295 Current liabilities (5,040) Long term liabilities (100,000) (4,745) 10. MOVEMENT IN FUNDS Unrestricted funds General fund TOTAL FUNDS Net movement in funds, included in the above are as follows: Unrestricted funds General fund Restricted funds Restricted fund TOTAL FUNDS Comparatives for movement in funds Unrestricted funds General fund TOTAL FUNDS |
Restricted fund £ - - - - At 1.4.24 £ (55,337) (55,337) Incoming resources £ 693,048 20,000 713,048 At 1.4.23 £ (366) (366) |
2025 2024 Total Total funds funds £ £ 100,295 47,183 (5,040) (2,520) (100,000) (100,000) (4,745) (55,337) Net movement At in funds 31.3.25 £ £ 50,592 (4,745) 50,592 (4,745) Resources Movement expended in funds £ £ (642,456) 50,592 (20,000) - (662,456) 50,592 Net movement At in funds 31.3.24 £ £ (54,971) (55,337) (54,971) (55,337) |
|---|---|---|
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YGS YESHIVA GEDOLA SEMINAR
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
10. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 657,421 657,421 |
Resources Movement expended in funds £ £ (712,392) (54,971) (712,392) (54,971) |
|---|---|---|
11. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2025.
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