Charity registration number 1115571
YISHAYA ADLER MEMORIAL FUND
ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
YISHAYA ADLER MEMORIAL FUND
LEGAL AND ADMINISTRATIVE INFORMATION
| Trustees | Mrs Hadassah Adler |
|---|---|
| Mr Benzion Fierstone | |
| Charity correspondent | Rabbi Abraham Adler |
| Charity number | 1115571 |
| Principal address | 172 Whitehall Road |
| Gateshead | |
| Tyne & Wear | |
| NE8 1TP | |
| Auditor | Sumer Auditco Limited |
| Unit 2 | |
| Gosforth Park Avenue | |
| Newcastle upon Tyne | |
| NE12 8EG | |
| Bankers | Lloyds Bank plc |
| 15 West Street | |
| Gateshead | |
| NE8 1DP |
YISHAYA ADLER MEMORIAL FUND
CONTENTS
| Page | |
|---|---|
| Trustees' report | 1 - 3 |
| Independent auditor's report | 4 - 6 |
| Statement of financial activities | 7 - 8 |
| Balance sheet | 9 |
| Statement of cash flows | 10 |
| Notes to the financial statements | 11 - 18 |
YISHAYA ADLER MEMORIAL FUND
TRUSTEES' REPORT
FOR THE YEAR ENDED 31 MARCH 2024
The trustees present their annual report and financial statements for the year ended 31 March 2024.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Charities Act 2011 and "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).
Objectives and activities
The objectives of the charity are for the relief of financial hardship in particular for students studying at Gateshead institutions and further afield.
The main activities of our charity during the relevant financial year were as follows. We obtained donations from a wide range of private donors who we managed to interest in our charity and its aims. In particular, we raised quite large sums of money towards various special educational projects.
We have further developed our use of the Charity Extra fundraising platform. We provide direct links to cater for specific fundraising projects. This has proved very successful. In particular, it has been used in providing a platform for home set up grants assisting with expenses of young couples setting up home for the first time referred to later in this report. We also used the platform for our annual fundraising drive to provide grants for children and young adults requiring therapies and extra tuition.
We continue to assist in the provision of tutors on one to one bases or for small groups of students who are having problems functioning in the ordinary classroom framework. We have made significant grants either to the parents or directly to the tutors. We have continued to award grants to help parents whose children require the services of professional therapists to help them cope with educational emotional and physical disabilities. In this connection, we have made payments to private therapists to cover the costs of treatment that would have been beyond the means of the parents. We have also provided other assistance for medical care where this was not available on the National Health Service.
Strategies for achieving aims and objectives
We have increased the provision of income support and postgraduate academic grants. The demand for these has greatly increased partially because of the local increase in postgraduate students and partially due the general economic situation becoming more challenging. In particular, the transfer from income tax credits to universal credits has left many families with great shortfall in their income over a period.
We have again worked in conjunction with the Gateshead Jewish community in providing for financial assistance for people whose children are getting married providing them with grants to help young couples with the expenses of setting up home. Further information about this aspect of our activities is available from the trustees We have continued our food voucher scheme though it was used less than in previous years We made several payments to retailers on behalf of individuals who are struggling with food bills. We refer to these payments as food vouchers.
Our policy on grant making is at the discretion of the trustees subject to the funds available at the time of application. Relatives of trustees are eligible for grants provided they meet the general criteria we are currently reviewing all our policies in particular our grant making policy. We accept recommendations from the wider public as to worthy recipients of our poverty grants. We have also made direct grants to various educational institutions in London and Manchester as well as Gateshead; our current policy is available on request.
We conclude by stating that we have fulfilled our objectives as stated. We have continued to widen the scope of our activities in accordance with the Charity Commissions guidelines on public benefit as stated in the next paragraph.
Public benefit
The trustees confirm that they have referred to the guidance contained in the Charity Commissions general guidance on public benefit when reviewing the charity’s aims and objectives.
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YISHAYA ADLER MEMORIAL FUND
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024
Achievements and performance
Significant activities and achievements against objectives
Our achievements in the past year are basically as outlined in the previous paragraph. We have certainly met our original objectives and in fact exceeded them. This has been clearly shown by the expansion of various projects, providing tutors in both Hebrew and secular subjects, and also therapists for children with emotional problems. We have also seen further increases in the number of post graduate students whom we are assisting. We have also continued our activities as regards funding teacher’s grants. These assist teachers in funding special teaching projects. We have also maintained our funding of postgraduate students studying in Israel.
Our therapy grants brought some measure of relief to many parents whose children are undergoing therapies not fully financed by government. They were greatly appreciated.
Financial review
The results for the year can be seen in the Statement of Financial Activities on page 7.
Reserves policy
The unrestricted reserve represents the unrestricted funds arising from past operating results. The trustees are satisfied that the balance of the fund is at an acceptable level given the nature of the charity’s income and expenditure.
Major risks
The trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the charity, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks.
Plans for future periods
Our plan is to continue our existing policies. We believe in increasing our spectrum of donors. To this effect, we continue to use our charity extra page instead of traditional postal appeals. It is worth noting that the fund was set up in memory of the son of the correspondent “Yeshaya Yishai Adler” who lost his life in a car accident. This is a successful move forward and a fulfillment of the objective we set out previous years reports
Structure, governance and management
The governing document is the trust deed dated 21 July 2006. The charity is constituted as a trust for the relief of financial hardship in particular, but not exclusively to students studying at Gateshead institutions. Our area of benefit is in particular but not exclusively Gateshead and our areas of operation is both inside and outside of England and Wales.
Trustees
The trustees who served during the year were: Mrs Hadassah Adler
Mr Benzion Fierstone
Organisational structure
The day to day running of the charity is the responsibility of the correspondent named above. Decision making (e.g. award of grants) is at the discretion of the trustees. The trustees meet on a regular basis to discuss policy and make decisions. The charity is closely involved with other Gateshead educational institutions to whom they make grants, either to the institution itself or individuals attending that institution. Selection of new trustees is by internal appointment from within the organisation. We have taken steps to ensure compliance with the new GDPR regulation. We have also written policies for the following: GDPR, Safeguarding and Risk Management.
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YISHAYA ADLER MEMORIAL FUND
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024
Statement of trustees' responsibilities
The trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that year.
In preparing these 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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state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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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 operation.
The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. 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.
The trustees' report was approved by the Board of Trustees.
Mrs Hadassah Adler Trustee
24 January 2025
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YISHAYA ADLER MEMORIAL FUND
INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF YISHAYA ADLER MEMORIAL FUND
Opinion
We have audited the financial statements of Yishaya Adler Memorial Fund (the ‘charity’) for the year ended 31 March 2024 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion, the financial statements:
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give a true and fair view of the state of the charity’s affairs as at 31 March 2024 and of its incoming resources and application of resources, for the year then ended;
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have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
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have been prepared in accordance with the requirements of the Charities Act 2011.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
Other information
The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Matters on which we are required to report by exception
We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:
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the information given in the financial statements is inconsistent in any material respect with the trustees' report; or
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sufficient accounting records have not been kept; or
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the financial statements are not in agreement with the accounting records; or
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we have not received all the information and explanations we require for our audit.
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YISHAYA ADLER MEMORIAL FUND
INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF YISHAYA ADLER MEMORIAL FUND
Responsibilities of trustees
As explained more fully in the statement of trustees' responsibilities, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to cease operations, or have no realistic alternative but to do so.
Auditor's responsibilities for the audit of the financial statements
We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.
Capability of the audit in detecting irregularities, including fraud
Discussions with and enquiries of management and those charged with governance were held with a view to identifying those laws and regulations that could be expected to have a material impact on the financial statements. During the engagement team briefing, the outcomes of these discussions and enquiries were shared with the team, as well as consideration as to where and how fraud may occur in the entity.
The following laws and regulations were identified as being of significance to the entity:
- Those laws and regulations considered to have a direct effect on the financial statements including UK financial reporting standards and Charity Law.
Audit procedures undertaken in response to the potential risks relating to irregularities (which include fraud and noncompliance with laws and regulations) comprised of: inquiries of management and those charged with governance as to whether the entity complies with such laws and regulations; enquiries with the same concerning any actual or potential litigation or claims; review of board minutes; and the performance of analytical review to identify unexpected movements in account balances which may be indicative of fraud.
No instances of material non-compliance were identified. However, the likelihood of detecting irregularities, including fraud, is limited by the inherent difficulty in detecting irregularities, the effectiveness of the entity's controls, and the nature, timing and extent of the audit procedures performed. Irregularities that result from fraud might be inherently more difficult to detect than irregularities that result from error. As explained above, there is an unavoidable risk that material misstatements may not be detected, even though the audit has been planned and performed in accordance with ISAs (UK).
A further description of our responsibilities is available on the Financial Reporting Council’s website at: https:// www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.
Use of our report
This report is made solely to the charity’s trustees, as a body, in accordance with part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.
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YISHAYA ADLER MEMORIAL FUND
INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF YISHAYA ADLER MEMORIAL FUND
Stephen Slater (Senior Statutory Auditor) for and on behalf of Sumer Auditco Limited Statutory Auditor Unit 2 Gosforth Park Avenue Newcastle upon Tyne NE12 8EG
Date: 24 January 2025
Sumer Auditco Limited is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006.
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YISHAYA ADLER MEMORIAL FUND
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
| Current financial year Unrestricted Restricted funds funds 2024 2024 Notes £ £ Income from: Donations and legacies 3 3,014,700 348,021 Total income 3,014,700 348,021 Expenditure on: Charitable activities 4 2,951,759 409,568 Total expenditure 2,951,759 409,568 Net income/(expenditure) 62,941 (61,547) Transfers between funds 7,000 (7,000) Net movement in funds 7 69,941 (68,547) Reconciliation of funds: Fund balances at 1 April 2023 152,757 82,357 Fund balances at 31 March 2024 222,698 13,810 |
Total 2024 £ 3,362,721 3,362,721 3,361,327 3,361,327 1,394 - 1,394 235,114 236,508 |
Total 2023 £ 3,274,289 |
|---|---|---|
| 3,274,289 3,244,030 |
||
| 3,244,030 | ||
| 30,259 - |
||
| 30,259 204,855 |
||
| 235,114 |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
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YISHAYA ADLER MEMORIAL FUND
STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
| Prior financial year Unrestricted Restricted funds funds 2023 2023 Notes £ £ Income from: Donations and legacies 3 3,000,726 273,563 Total income 3,000,726 273,563 Expenditure on: Charitable activities 4 3,029,806 214,224 Total expenditure 3,029,806 214,224 Net income/(expenditure) (29,080) 59,339 Transfers between funds (13,437) 13,437 Net movement in funds 7 (42,517) 72,776 Reconciliation of funds: Fund balances at 1 April 2022 195,274 9,581 Fund balances at 31 March 2023 152,757 82,357 |
Total 2023 £ 3,274,289 |
|---|---|
| 3,274,289 3,244,030 |
|
| 3,244,030 | |
| 30,259 - |
|
| 30,259 204,855 |
|
| 235,114 |
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YISHAYA ADLER MEMORIAL FUND
BALANCE SHEET
AS AT 31 MARCH 2024
| 2024 Notes £ Current assets Debtors 11 72,580 Cash at bank and in hand 287,908 360,488 Creditors: amounts falling due within one year 12 (123,980) Net current assets The funds of the charity Restricted income funds 13 Unrestricted funds 14 |
£ 236,508 13,810 222,698 236,508 |
2023 £ 51,766 209,758 261,524 (26,410) |
£ 235,114 |
|---|---|---|---|
| 82,357 152,757 |
|||
| 235,114 |
The financial statements were approved by the trustees on 24 January 2025
Mrs Hadassah Adler Trustee
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YISHAYA ADLER MEMORIAL FUND
STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024
| Notes Cash flows from operating activities Cash generated from operations 17 Net increase in cash and cash equivalents Cash and cash equivalents at beginning of year Cash and cash equivalents at end of year |
2024 £ 78,150 78,150 209,758 287,908 |
2023 £ 50,828 |
|---|---|---|
| 50,828 158,930 |
||
| 209,758 |
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YISHAYA ADLER MEMORIAL FUND
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
1 Accounting policies
Charity information
Yishaya Adler Memorial Fund is a charitable trust governed by deed. The principal address of the charity is 172 Whitehall Road, Gateshead, Tyne & Wear, NE8 1TP.
1.1 Accounting convention
The financial statements have been prepared in accordance with the charity's governing document, the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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). The charity is a Public Benefit Entity as defined by FRS 102.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2 Going concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements. This includes taking into account the impact to the charity’s operations are mitigated. The Board has concluded that the going concern assumption is appropriate in preparing these financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
1.4 Income
All income is accounted for on an accruals basis and represents monies received from donations and interest on deposits.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
1.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
Expenditure is allocated to the activity in respect of which it was incurred.
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YISHAYA ADLER MEMORIAL FUND
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024
1 Accounting policies
(Continued)
Grants payable are charged to the Statement of Financial Activities once the charity has entered an unconditional commitment to pay the grant and this has been communicated to the beneficiary or the grant has been paid, whichever is the sooner
1.6 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.7 Financial instruments
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.
2 Critical accounting estimates and judgements
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
3 Income from donations and legacies
| Unrestricted | Restricted | Total | Unrestricted | Restricted | Total | |
|---|---|---|---|---|---|---|
| funds | funds | funds | funds | |||
| 2024 | 2024 | 2024 | 2023 | 2023 | 2023 | |
| £ | £ | £ | £ | £ | £ | |
| Donations and gifts | 3,014,700 | 348,021 | 3,362,721 | 3,000,726 | 273,563 | 3,274,289 |
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YISHAYA ADLER MEMORIAL FUND
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024
4 Expenditure on charitable activities
| Direct costs Grant funding of activities (see note 5) Share of support and governance costs (see note 6) Support Governance Analysis by fund Unrestricted funds Restricted funds 5 Grants payable Grants to institutions Grants to individuals 6 Support costs allocated to activities Sundry expenses Governance costs Analysed between: Grant funding 7 Net movement in funds The net movement in funds is stated after charging/(crediting): Fees payable for the audit of the charity's financial statements |
2024 £ 3,358,927 120 2,280 3,361,327 2,951,759 409,568 3,361,327 Grant funding 2024 £ 22,750 3,336,177 2024 £ 120 2,280 2,400 2,400 2024 £ 2,280 |
2023 £ 3,241,391 119 2,520 3,244,030 3,029,806 214,224 3,244,030 Grant funding 2023 £ 76,685 3,164,706 2023 £ 119 2,520 2,639 2,639 2023 £ 2,520 |
|---|---|---|
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YISHAYA ADLER MEMORIAL FUND
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024
8 Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
During the year two trustees donated £6,020 (2023: £nil) to the charity in which no conditions were attached.
9 Employees
The average monthly number of employees during the year was:
| 2024 | 2023 | |
|---|---|---|
| Number | Number | |
| Total | - | - |
There were no employees whose annual remuneration was more than £60,000.
10 Taxation
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
11 Debtors
| Amounts falling due within one year: Loans receivable Other debtors 12 Creditors: amounts falling due within one year Other creditors Accruals and deferred income |
2024 £ 22,720 49,860 72,580 2024 £ 121,760 2,220 123,980 |
2023 £ 17,070 34,696 |
|---|---|---|
| 51,766 | ||
| 2023 £ 24,250 2,160 |
||
| 26,410 |
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YISHAYA ADLER MEMORIAL FUND
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024
13 Restricted funds
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.
| At 1 April | Incoming | Resources | Transfers | At 31 March | |
|---|---|---|---|---|---|
| 2023 | resources | expended | 2024 | ||
| £ | £ | £ | £ | £ | |
| Scholarship funds | - | 22,750 | (22,750) | - | - |
| Furniture grants | 1,670 | 18,213 | (19,883) | - | - |
| Dov Behr Bolel | 80,687 | 279,058 | (334,935) | (11,000) | 13,810 |
| Support fund | - | 28,000 | (32,000) | 4,000 | - |
| 82,357 | 348,021 | (409,568) | (7,000) | 13,810 | |
| Previous year: | At 1 April | Incoming | Resources | Transfers | At 31 March |
| 2022 | resources | expended | 2023 | ||
| £ | £ | £ | £ | £ | |
| Scholarship funds | 1,040 | 76,685 | (77,725) | - | - |
| Beis Mosche | 4,528 | - | (4,528) | - | - |
| Furniture grants | - | 21,878 | (20,208) | - | 1,670 |
| Chaverin Gateshead | 4,013 | - | (6,450) | 2,437 | - |
| Dov Behr Bolel | - | 155,000 | (74,313) | - | 80,687 |
| Interment project | - | - | (11,000) | 11,000 | - |
| Widow cry campaign | - | 20,000 | (20,000) | - | - |
| 9,581 | 273,563 | (214,224) | 13,437 | 82,357 |
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YISHAYA ADLER MEMORIAL FUND
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024
13 Restricted funds
(Continued)
Scholarship funds
Donations received specifically to provide scholarships for students at Gateshead Jewish Teachers Training College, 50 Bewick Road, Gateshead, NE8 4HB.
Beis Mosche
Funds raised through Charity Extra Campaign Hub to partially finance the building and maintenance of a synagogue and study hall in memory of Moshe Bergman a young married man from Manchester who perished in the Meron crowd crush disaster in April 2021.
Support fund
Income received to be used to meet the legal fees of a member of the community facing a repossession order.
Furniture grants
Distribution of grants received from the charity JTS (Jews' Temporary Shelter Reg Charity No.1098798) in response to applications on behalf of individuals to provide essential home furnishings.
Chaverim Gateshead
Funds raised through Charity Extra Campaign to maintain the finances of the Chaverim Gateshead organisation.They provide free first response assistance to people who have domestic emergencies and motor breakdowns.
Dov Behr Bolel
The assistance with the management of charitable donations on behalf of a member of the community who is facing legal action.
Widows Cry Campaign
Funds raised to help a widow who lost her home after being widowed.
Interment Project
Funds raised for interment to Israel.
Transfer between funds
£4,000 was transferred from unrestricted general reserves to restricted Support fund to contribute to the overall fund need.
£2,437 was transferred from unrestricted general reserves to restricted Chaverin Gateshead to cover the shortfall in the prior year.
£11,000 was transferred from unrestricted general reserves to restricted Interment project for appeal carried out in the prior year.
14 Unrestricted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
| At 1 April | Incoming | Resources | Transfers | At 31 March | |
|---|---|---|---|---|---|
| 2023 | resources | expended | 2024 | ||
| £ | £ | £ | £ | £ | |
| General funds | 152,757 | 3,014,700 | (2,951,759) | 7,000 | 222,698 |
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YISHAYA ADLER MEMORIAL FUND
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024
| 14 | Unrestricted funds | (Continued) | ||||
|---|---|---|---|---|---|---|
| Previous year: | At 1 April | Incoming | Resources | Transfers | At 31 March | |
| 2022 | resources | expended | 2023 | |||
| £ | £ | £ | £ | £ | ||
| General funds | 195,274 | 3,000,726 | (3,029,806) | (13,437) | 152,757 | |
| 15 | Analysis of net assets between | funds | ||||
| Unrestricted | Restricted | Total | ||||
| funds | funds | |||||
| 2024 | 2024 | 2024 | ||||
| £ | £ | £ | ||||
| At 31 March 2024: | ||||||
| Current assets/(liabilities) | 222,698 | 13,810 | 236,508 | |||
| 222,698 | 13,810 | 236,508 | ||||
| Unrestricted | Restricted | Total | ||||
| funds | funds | |||||
| 2023 | 2023 | 2023 | ||||
| £ | £ | £ | ||||
| At 31 March 2023: | ||||||
| Current assets/(liabilities) | 152,757 | 82,357 | 235,114 | |||
| 152,757 | 82,357 | 235,114 |
16 Related party transactions
Transactions with related parties
During the year the charity entered into the following transactions with related parties:
| Donations received | ||
|---|---|---|
| 2024 | 2023 | |
| £ | £ | |
| Trustees | 6,020 | - |
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YISHAYA ADLER MEMORIAL FUND
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024
| 17 Cash generated from operations 2024 £ Surplus for the year 1,394 Movements in working capital: (Increase)/decrease in debtors (20,814) Increase in creditors 97,570 Cash generated from operations 78,150 18 Analysis of changes in net funds |
2023 £ 30,259 2,209 18,360 |
|---|---|
| 50,828 | |
The charity had no material debt during the year.
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