Chvlty r•glstr•tlon numb•r 1113128 ISHADA CHARITABLE TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
ISHADA CHARITABLE TRUST LEGAL AND ADMINISTRATIVE INFORMATION Mr J S¥lig Mrs J Sellg Mr S M Folstoln Charfty numb•r 1113128 PrlnclpAI AddrM• 181 Fkhjr, ClolBtsr HouBo Rlvorfjido New Balley Street M8nthost•r M3 5FS Ind•p•nd•nt •xqmln•r Ellot Fldlor 1Bt Floor Rlo) Hou8• Goorg• StrMI Manth08tor M25 9WS
ISHADA CHARITABLE TRUST CONTENTS Pog• Trn8tseB' rfjport StnI offimnelal acOvlU•$ Balanc• •h•ot Noth to th8 •tatoments
ISHADA CHARITABLE TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 truBlees pre8ent thelr amual rewt financ4al stal&m•nts for th• #r Ond 31 O•c8mb•r 2023. Tho financial stOtem•nts hav• 8 prepared in aco)rdanc• th8 #ceountlrva pollclgs set oui In note 1 to the rinanc4818tslem8nts and comply with the tru31'8 governing document. the Choritles Act 2011 and "Accounting and Rèporting by Chariti8s'. Stat8mtsnl of Recommended Practlc• appllcabla to ¢harltl&s propeA0 Ihelr accwntg In accoriJBnce wllh tha Financlal Reptylkng Standard applicabl6 in the UK and of Ir•lond IFRS 1021. la8 am•ndod for accounllng perfods eommendnp from 1 January 2016) ObJoCtlvM actSvbtl•8 Tha trusl'$ objocls are iha Toll&f of povgrty. th8 8dvancem8nl of uCatIon, tho advarvmanl of th• rdlglon of th8 J6w18h falth 8nd for gtsnoral charflable pury>os88. Publk b•n•fft Th8 trustaès h8v8 pald dua regord to wld8nc• 188u&J by Iho Charlty COMM810n In docldlng who18cl11th th Iru•t ghould undortfkn. A¢hl•v•m•nt• and p•rtornian Signlffcgnt 8etlvrfle8 8nd aChVern1$ a981nst obJ&cllves Thè ehèrity has diBtributed funds to oth•r ¢horitle8 and chorftlble ¢au8O8 durlng Ihe year In occud&nce vhih tr obJ8clfv89. Fln•ncl81 r•vl•w During lh8 yaar und•r r&tw, th8 thority roc•iv•d donallonB of £85,213 12022.. £85.8201. Th18 go th• chadty re8ourc88 avallgblg for grants of £225,085 {2022.. £219,057) aftor governance costs of £47 12022.. £1231. Diblribulion8 totgllino £175.54012022.' £79.1381 warn rnade to other chadlies and Indlvldug1$ In accord8nc• vAth thè oWtcUves of Ihe ch9rtty rosults'ng kn a docreo88 of Its openlng lund8 of £139,919 by £90,374 to £49,545 4131 D8¢omb8r 2023. R8SèN8s poIIcy 11 tho pollcy of the 1ru8t that unrn8ffict•d fvndj vthlch have not en d881gn8ted fc¢ 8 8po¢ffic us8 8houlfl bo malnlalned ot a 18vd oqulvalent lo Ihree rNJnth'8 •xpendllur8. The Iruste•s conslder th81 reBerveB al thi8 level wlll •n8uve that, in tho evonl of 4 $vJnificanl drop In funding. Ihey wlll be ablo to contiThJ• iho Ini81'8 currnnl advlU88 whil& consldoratlon 18 glvon to Way8 in whlch f4Jdltlon81 lundB may be rai58d. Thig 18vel of $¢[Ve8 ha$ been malntgin•d throughout the 1. Major rf•k• Th• tru$tg•9 hav8 a88e5Bgd Ih• major r18ks to vthlth th8 tru8118 pOsed, and orn 8•tlsfi•d th•1 ¥y8tem8 are In place to rnlllg81¢ •xp08ure lo th8 m8jor ri8k8. Slrnclur•. gov•mIn •nd rn•n•g•m•nt Th8 trust W88 eylabli9h8d by ¥ tharilatAo Inj81 dogd on 6 Febwary 2008. Th• 1rns1 who sorved durfng tho year and up lo d8t8 ol Blgnaturn ol the fln8nclal 81dlwnents were.. Mr J S8119 r5 J Selig Mr S M Fel8lein R•¢rultrn•nt and •ppolntm•nt of tru8t•o• Any recrultmant arKI appolntm&nt of now trusteeB WOtAd b• in line with th• trust dead and wilh tho consènt of exi8tirvJ trust•8S. Funds h•ld as custodlan tru•lg• There were no funds hgld a8 cuslodlgn tru$l¥o5 on behalfof oth8r8.
ISHADA CHARrrABLE TRUST TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 ' rwt wa8 apyoved by tho Board ofTwBts8B. MrJ Trts• ? o)ofr ?oz
ISHADA CHARrrABLE TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ISHADA CHARITABLE TRUST l rnplwt k> th• truit••• on nw ol lh• I1ftwb•I •10t•M• d l•h•d• Cwknbl• TNit Ibkn trul f th• end•d 31 D•&irrthr2023. R••pw•lbllkkn• b•• of v•port A• th• tryit••• tho I1 you ar• rnble lor m• w•p•Mlknn ol th• fffl•nd•l 4tai•m•nl• In 4xOn00 Ith lh• r•4uv•m•nt8 rf thg Ch•rttl••£t 2011 2011 ACAI. I r•pNt In r•wt of my •mrnlna1 al th• trurf$ c1rn1 ¢xrt ffidér i•cAbn 145 el lh• 2011 AOL In carylrwj wt my ex8min•kn I fr41rM•d •ll th• •P¢•bI Dhoyorn Chorlty CLYnrnlMkn undar clOn 1401JXb) oftha 2011 Art Your alt•ntkn li drawn to th• th• Ch haB PmFdr•d flmndal •t•t•rn•nt8 In •ccord•nc• Acoounllng and R8portlng ty ch•rflI pwrfng Ih•tr •ctthrnts In qcc4YdancA th the Fknanca•l R•portlno 8tsnd•ng appllc4bli In th• UK and R•put4i¢ of Ir•l•nd {FRS 1021 kn pr•lor•nc• lo ts AcwJnJng •nd Reportjng by Chvlll¢•', Slatsmont of A•rnndId Prnd&i lJ8u•d Qn 1 &05 l• r•f•rr•d to In th• •xtanl rngulitspn• ha• bwn w1Ihth44. I Ih•l th18 bwn don• h) ordw for ffln•n¢W 4t•m•nt• to Fthd• • and hlr In •cctydw• ¥Ath Gon•rnlty Acupt•d A¢o)untlw Prneiic• •V•Glv• for T¢pryUrffj wthxl• b•9lMkng M or •ftv 1 Jinu•ry 2015. I haw compl•i•d my •x•rnlnAlorn l ¢(¥thn th•1 nD rntern h84 m0 to my In ¢orwrtkffj th th• •Klna¢n glvkw rno caula to b•lkn In ffj m•t•rf¥ r••p•¢t.' •cc•>JnUng r•corth wor• nal k•pl In th• InJ•t •• f•qulr•d ty ••(thn 130 of th• 2011 . or th• flr•1 not Kcord Ihojo r•cthth,' or finandal •t•twn•nts th) COmY wllh lh• •kWl¢abl• rnqulromty ¢<ffiL¥mlrffj lfv• fr¥m? •nd ty)nlwrt ol •cfounts ••t Ih th• IAc¥y)unt• •n4 Report41 Rooulotio 2008 othgr Ih•n any r•wk•rn9nt th•1 Ihe awnt gfv• • tru8 Wr ¥l•w whlch l• n¢A a mBtt•r confjldernd M p•rt ol •n Snd•pondrt •x•mknatkni. I no Ind •cffjM no fljwr rntt In wlth thq mfftlnallon to hlth •tt•nUM thauld b• In th1• dV to •r•trf• • propw undwthndkng clth• •tal•m•nt• to b• r••¢•d. £P- FCA lit Floor Rleo HtyJ8• G•orgo Strvat Al•n¢h8•t•r M25 gws O•t•d.. .l.::. J.tsy...
ISHADA CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR ThIE YEAR ENDED 31 DECEMBER 2023 Unr••trlct•d Unr••tricted fund4 fund• 2023 2022 Incom• from". Donllllon8 and l•gacie8 85,213 65,820 Tot•1 Incom• 85,213 65.820 Exp•ndltur• on.. Ch•ritabl8 801ivllle Other •xp•ndlturo 175,540 47 79,138 123 Totsl •xp•ndllur• 175,587 79,281 N•t •xp•ndllur• Ind mov•ffl•nt In lund• 190.374) 113,4411 R•eonclll•Uon of fund•: Fund bA18n¢e8 at 1 January 2023 139,919 153,3eo Fund b•lan¢M •t 31 D•c•mb•r 2023 49,545 139,919 Tho 8tslfjmont of finandal Acllvlll•8 In¢lud•8 all gglns And108808 rocL¥nl$•d In Iho year. knci>m• and •xpendllur• d•Tlve from conllnulng actlvlll•fj.
ISHADA CHARITABLE TRUST BALANCE SHEET AS A T 31 DECEPABER 2023 2023 2022 Nol•• Curr•nt *M•t8 Cauh al bank and In hand 49.725 140,099 Cr•dltor•: amount• f•lllng du• wlthln on• y••r 10 {1801 {1801 N•t curr•nt a•s•t• 49,545 139.919 N•t ••••ts •xcludlng p•n•lon Ilablllty 49.545 139,919 Th• fund• olth• tru•t Unrostrlctod fund8 49,545 139,919 49.$45 139,919 Tho fin8 tat•mgnls wert 0¥9 by th8 IruBt••8 on ......... .. ... ... Mr J S811 Tru•t••
ISHADA CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Accountlng pollcl•# Ch•rlty Infomiatlon 18hada Charitable Tru8t Is A Charttsble Trust regl8ternd by th8 Charfty COMMOn. II'B reglBtered charfty nurnber is 1113128. 1.1 Accountlng convontion The financlal statements h8v• been prepar•d In ac¢ordanc8 tha ¢h8rfV8 deed of Iruyt. Ihg Charftlèg ALX 2011 and "Accounting and Rèporling by CharltlBS.' Slalgrnenl ol Rècc#mmèndod Practlce applicabl8 to aritie8 preparlng their accounts In accordan with tho Flnandal Reportlng St8nd8rd appllcable in tha UK and Republlc of Ireland IFRS 1021. arnended for 8¢count6ng pwiodB commondng from 1 January 20161. Tho INSI 18 a Pu B•nefll EnlSty a8 dth•d by FRS 102. Th• trust has tak•n advantage of iha provl8lon8 In tha SORP lor ¢harllle8 appng FRS 102 Updatè Bullotin 1 not lo prop8re a Stal•m8nl of Cosh Flows. Tha IlnanrAal stat8m•nts have depart8d from the CharlU89 IA¢counl8 and Report$l Rgqul8tions 2008 only to, th• 8Xtenl requlrad to provlde a tnJ8 and fair view. Th18 d8p8rlurtr has involved followlng the Statement of R8commended Practi for charfll88 applyinu FRS 102 rather than Ihe veT8ion ol the Statement of R8c0nyn¢nd Practi¢9 whith IJ referr8d to Sn trtr Rggulauong bul whlch haB Blnce beon wlthdrawn. Tho IlnAnclal 8tatom8nta #r8 prepared In stérllng, whlch IB lh• funOnal curroncy of th• Iw8t. Monotary *mountB In Ihose flnancbal 8t8t•menl8 ere mund•d lo the nearest £. 1.2 Golno ¢onc•rn At the lima of aFS)wvlng th• lln8nckql stBtonwn¢s, tho IruBleos ho A rn8•onabl8 oxpactolknn that the IniBt ha8 adequalo r•scKJrces to cclinue In oporatlon818xi8tence for th• for088blO fvture. Thu¢ th• tAte88 nunug lo adopt th• golnu concem b881$ of accountlng in prgparing th& fln8ncl•l $talernont6. 1.3 Ch•rtt•bl• lund• Unrostrlctad fund8 arn •v•il4ble for al dl8cr8llon ol th• tru6tee8 In lurth•r4n¢e of their charfthblo oblectbv88. Re$tslcted frJnd8 ar• subject to sp8¢1fi¢ ¢ondition8 by dort)rB or grantor8 98 to how they may bo uo•d. The purwws aTrd u8as of tho $tCtod fun4Js aro 8el out In th• note8 to tha flnAnclg1 ststsmentB. 1.4 Incomlnq r••our¢e• Cash don8Uon8 are roeognlued on raealpt. Other don8tlons are Tecognlsgd onco th6 trust h98 beon notlfied ol the donation. unless pgrformance condl¢k)ng require d6f8rr81 of the 8mounl. Irme tax rocov8rat4è In relati to dtsnaUon8 rocoived und•r GiP(Aid or dd8 of ¢ovenanl 1$ r9f))gnwed al tha 1kn8 ollhtr Ilonallon. 1.5 C••h •nd ¢••h •qulv•l•nts Caah and c89h equivalents Indude cash In hand, daposlts hold al cBll wtth b8nkB. other short-l•rrn liquid Invastrnenls wlth origlnal mabJrftl85 of three monlh3 or less, and bank overdrafts. 88nk overdrafts or8 shown withln borrowings In ¢urronl IlatAIlOg$. Basic financial aSt#. whlch Includ8 debtors and c8sh and bank balancos, are initially moa$urad al transactlon price indudlng transactlon costs and are subsoquenuy Carri al Oreed cost u8iThJ the eff8ct inleresl method unl8ss tha arrangement ¢onslltul88 a fin8nc4rwJ transaclion, whero th¥ transaCon 18 measured at th• present valu• of the future eIpts dlscount&d Jl a market rAte ol interest. Flnan¢ial aBBets cjasglfied as rBwvable thIn on8 yoar are not •mlI8ed.
ISHADA CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 ACUtIng pollcl•s Baslc On•nckniithèiiiU•s Baslc finan¢lal liabilitias, In¢fudlng cr&dllors and bank loèns aro Inllrally r6cognlBgd al tr8ns8¢tion prlc8 un1888 the 8rTang8rnenl con6tilu1&8 8 financlng Irans8clion. where the debt in$lrum8nt is moasurgd al the pr#sanl V81u• ol the future payments dl8counted at 8 mAfkel ral& of Intgre8t. Flnancial lbIllo$ cla98ifl8d as p8yab within onè year •ro not amortIs. IConlinu•d) Debt InSlwmts are aub8equ8nUy carrf8d at amortt•od cost. uslng the •ffe¢tN• knt•r08t ratg m•lhod. Trade uedltors aw obltg8lion$ to pay for good8 or So¢88 Ihal have been acqulrnd In th8 ordlnary cours0 of oper8lions from 8uppllers. Amounts payabl& af8 classified 8B rrn1 li8bllit48s 11 payment Is due wlthln cfft8 year OT 108s. 11 ftot. Ihoy 8re pr8sent•d 48 non4urrent liabilil88. Trade credltors aro recogni$ed inibally at tranBa¢llon PfiC8 and 8ubBaqu•nlly m088Wtd al amortl88d cost using th& effectlv8 Inler•$l melhod. Lkncognltlon of Ilnan¢1•lllIIIIO1 Flngnci&l Ilablliti8B ara dwe¢ognlBed wh•n th• contractual ot41plonA eWr8 or are di8tharged or eAn¢•ll•d. Incom• from don•llon• •nd hg•¢l•4 Unmtrlct•d Unmtrfct•d fund• fund• 2023 2022 Donallon8 and g 85,213 65.820 Ch4rft•bl• xtJ¥ltl•• 2023 2022 Grant fundkno of •ctlvlUe8 (Me not8 41 175,540 79,138 Grnnts p•y•bl• Grants p•yabl• 2023 Grants P•y4bl• 2021 (antg to in8trtutbns.' Advanegmonl of tho J•h faith 155,740 Grants to Inthvidualg 65.072 19,800 14,066 Meterfal grants war8 mado to Britl$h Fri8nds of Unlled Hatzola Iwael £36.000, The Pffl Fund 0,000 And BAb8h Friend8 of 0rt08 Torah £18,000
ISHADA CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 31 DECEMBER 2023 N•t mov•m•nt In fuftd8 2023 Th& net movoment In fiJnd318 8lat•d after chargIn{CrodWng).' 2022 Tru•t•v Norn of the tru8tees (or any p8rgon• conn•ctod tmI fd any r•mun•raUon durlng tho yo8r. Employ••• Tho avfjrage rN)nthty numbor ofompbyoe8 durfng Iho yaar w8 2023 Numb•r 2022 Numb•r Total Thèro no emploma whoeo tn81 rOmunwOn waj mor• thon £60.000. R•mun•r•tlon of k•y m•n•g•m•nt p•r•onn•l Thoro wai no romun•ralon of koy monao•monl p8iJonnd. Oth•r Unr••trlcl•d Unrn•lrfct•d fund• ldI aank chg 2023 2022 47 123 47 123 Tax•Uon The eharlty 18 exompl from ta¥atlon ffi118 8CtMWa8 baUS9 dl Its Ineomo 14 applled for thOrft8b purpo$eB. 10 Cr•dltorn,' wnount• falllng du• wfthln on• y•ar 2023 2022 £UU818 and d•fwrnd In&)m•
ISHADA CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 11 Unrnstrl¢t•d The unr•6trlctod fvnd8 oftho thority com88 thé un&xp8nd•d tsalanc•s OfdonanS and grants whlth org not subjocl to speafic ¢onditions by donors 8rNJ grantors a$ to how they may be used. Thaae include dgsignated lund8 vthlth havo been 8ot a8ti1o out of unrastrtctod fund8 by the InJ8ts88 for 8pecffic pur[$$. At l J•nu8ry 1023 In¢omlng R••our¢•¥ r••our¢ •xp•nd•d At31 D•c•mb•r 2023 Genernl fvnd• 139.919 85.213 {175,5871 49.545 Pr•vlou• y••r: At l January 202Z InromSng R••tsu r•*our¢•• •xp•nd•d At31 D•c•mb•t 2022 G•naral frJnd• 153,360 65.820 179.2611 139.919 12 R•l•t•d rtY n¢tIOn• Thorn no dl8¢loJabl• relatsd party trS•OnI dUr tha y•ar12022- non•).