2023-01-31-accounts

REGISTERED CHARITY NUMBER: 1117341

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 JANUARY 2022 TO 31 JANUARY 2023

FOR

ANIYEI HAOLAM TRUST

Raffingers LLP Chartered Certified Accountants 19-20 Bourne Court Southend Road Woodford Green Essex IG8 8HD

ANIYEI HAOLAM TRUST

CONTENTS OF THE FINANCIAL STATEMENTS for the period 1 January 2022 to 31 January 2023

		Page
Report of the Trustees	1	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

ANIYEI HAOLAM TRUST

REPORT OF THE TRUSTEES

for the period 1 January 2022 to 31 January 2023

The trustees present their report with the financial statements of the charity for the period 1 January 2022 to 31 January 2023. The trustees have adopted the provisions of 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

Objectives and aims

'Aniyei Haolam' are Hebrew words which translate as 'The Poor of the World'. This encapsulates the objects of the charity which are the relief of poverty, sickness and infirmity among persons of the Jewish faith throughout the world.

Poverty has a negative impact on many areas and the trustees are committed to supporting those in need so that their current situation and future prospects are improved.

Public benefit

The trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit, and 'The Advancement of Religion for the Public Benefit' in particular, when reviewing the aim and objectives and in planning the charity's future activities.The aims of the charitable company for the public benefit are detailed in the 'Objectives and Activities' section of this report and the main activities undertaken in order to carry out the charitable company's aims for the public benefit are outlined under 'Achievements and Performance' below.

Grantmaking and other activities

The trustees seek to fulfil the objectives of the charity by making grants to individuals and institutions and supporting projects which aim to provide assistance to families who are struggling financially..

The general economic downturn and rising inflation has resulted in many families losing their primary sources of income and struggling to maintain a decent standard of living. The trustees, being actively involved in promoting the welfare of their local communities, have an intimate understanding and sensitivity of its members, many of whom are at the lower end of the social classes, and who struggle to subsist from day to day.

The trustees are grateful for the positive response from those who were able to offer financial assistance and who came forward to enable the trustees to make meaningful grants to enable families who were lacking in basic necessities. In particular the trustees were able to offer increased support to families before the Jewish Festivals to enable families to celebrate at these times.

The trustees sought to provide assistance in a manner which was efficient and in which the dignity of the recipients was preserved. They assessed the applications made to them and considered their response based on the individual circumstances, the funds available, and the impact the grant had in achieving the charity's goals. Where grants are made to charities and other organisations, consideration is given to the operational efficiency and reputation of the recipient charity and the ability of the donation to 'make a difference'.

The trustees monitor the application of the grants and donations made to both institutions and individuals and meet with representatives of the institutions to obtain information as to the utilisation of funds.

ACHIEVEMENT AND PERFORMANCE

Charitable activities

The charity saw a high demand for financial assistance, in particular from individuals. The trustees were not able to respond to all the requests made to them and are grateful to their donors whose generosity enabled the charity to make grants and support projects totalling £916,635 (2021- £1,358,077).

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ANIYEI HAOLAM TRUST

REPORT OF THE TRUSTEES

for the period 1 January 2022 to 31 January 2023

ACHIEVEMENT AND PERFORMANCE

Fundraising activities

The charity has a good reputation within the local community and has a large pool of regular donors who wish to have a part in the charitable activities of the charity. Existing donors often recommend and encourage other philanthropists to pledge their support to the success of the charity. As such, the trustees do not engage professional fundraisers nor do they undertake public collections or cold calls.

The charity is committed to the principals set out by the Fundraising Regulator in its Code of Fundraising Practice. When donors are approached, this is done with sensitivity and respect and with regard to their circumstances.

The trustees are pleased to report that no complaints were received in the past twelve months in relation to its fundraising activities.

FINANCIAL REVIEW

Financial position

The financial results of the charity's activities for the period ended 31 January 2023 are fully reflected in the attached financial statements together with the notes thereon.

Total income decreased to £871,897 compared to £1,523,574 in the prior year and total expenditure decreased to £955,528 from £1,395,577 in the previous year.

There was a net decrease in funds of £83,631 with total deficit carried forward being (£40,811).

Reserves policy

The charity's free reserves as at 31 January 2023 were in a deficit position of £40,811. It is the policy of the charity to maintain funds at a level which the trustees think appropriate after considering the future commitments of the charity and the likely costs of the charity for the next year. The trustees have not undertaken any formal charitable commitments and consider that the charity can rely on its ongoing support from its donors to to fund its ongoing communal activities.

Going concern

The trustees have assessed whether the use of the going concern assumption is appropriate in preparing these financial statements. They have made this assessment in respect of a period of one year from the date of approval of these financial statements.

The trustees have concluded that there are no material uncertainties related to events or conditions that may cast significant doubt on the ability of the Trust to continue as a going concern. They are of the opinion that the charity will have sufficient resources to meet its liabilities as they fall due.

FUTURE PLANS

There are no current plans to change the activities or modus operandi in the foreseeable future.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.

Recruitment and appointment of new trustees

It is not currently the intention of the trustees of the charity to appoint new trustees. Should this situation change in the future, the trustees will apply suitable recruitment and training procedures..

Organisational structure

The board of trustees administers the charity and meets regularly.

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

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ANIYEI HAOLAM TRUST

REPORT OF THE TRUSTEES

for the period 1 January 2022 to 31 January 2023

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1117341

Principal address

16 Ermine Road London N15 6DB

Trustees

Mr I Taub Trustee Mr J Fligman Trustee Mrs S Aberman Trustee

Independent Examiner

Yedidya Zaiden FCCA Raffingers LLP Chartered Certified Accountants 19-20 Bourne Court Southend Road Woodford Green Essex IG8 8HD

Approved by order of the board of trustees on 30 November 2023 and signed on its behalf by:

Mr I Taub - Trustee

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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ANIYEI HAOLAM TRUST

Independent examiner's report to the trustees of Aniyei Haolam Trust

I report to the charity trustees on my examination of the accounts of Aniyei Haolam Trust (the Trust) for the period 1 January 2022 to 31 January 2023.

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 Association of Chartered Certified Accountants, 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:

1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or

2. the accounts do not accord with those records; or

3. 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.

Yedidya Zaiden FCCA

Raffingers LLP Chartered Certified Accountants 19-20 Bourne Court Southend Road Woodford Green Essex IG8 8HD

30 November 2023

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ANIYEI HAOLAM TRUST

STATEMENT OF FINANCIAL ACTIVITIES

for the period 1 January 2022 to 31 January 2023

Notes INCOME AND ENDOWMENTS FROM Donations and legacies 2 Investment income 3 Total EXPENDITURE ON Raising funds 4 Charitable activities 5 Expenditure on charitable activities Total NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD	Unrestricted fund £ 871,501 396 871,897 38,893 916,635 955,528 (83,631) 42,820 (40,811)	Restricted fund £ - - - - - - - - -	Period 1.1.22 to Year Ended 31.1.23 31.12.21 Total Total funds funds £ £ 871,501 1,523,534 396 40 871,897 1,523,574 38,893 37,500 916,635 1,358,077 955,528 1,395,577 (83,631) 127,997 42,820 (85,177) (40,811) 42,820

The notes form part of these financial statements

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ANIYEI HAOLAM TRUST

BALANCE SHEET

31 January 2023

Unrestricted fund Notes £ CURRENT ASSETS Debtors 9 - Cash at bank 6,423 6,423 CREDITORS Amounts falling due within one year 10 (21,400) NET CURRENT ASSETS/(LIABILITIES) (14,977) TOTAL ASSETS LESS CURRENT LIABILITIES (14,977) CREDITORS Amounts falling due after more than one year 11 (25,834) NET ASSETS (40,811) FUNDS 13 Unrestricted funds TOTAL FUNDS	Restricted fund £ - - - - - - - -	2023 Total funds £ - 6,423 6,423 (21,400) (14,977) (14,977) (25,834) (40,811) (40,811) (40,811)	2021 Total funds £ 5,000 95,287 100,287 (20,800) 79,487 79,487 (36,667) 42,820 42,820 42,820

The financial statements were approved by the Board of Trustees and authorised for issue on 30 November 2023 and were signed on its behalf by:

Mr I Taub - Trustee

The notes form part of these financial statements

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ANIYEI HAOLAM TRUST

CASH FLOW STATEMENT

for the period 1 January 2022 to 31 January 2023

Notes Cash flows from operating activities Cash generated from operations 1 Interest paid Net cash (used in)/provided by operating activities Cash flows from investing activities Interest received Net cash provided by investing activities Cash flows from financing activities Loan repayments in year Net cash used in financing 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

Period 1.1.22 to Year Ended 31.1.23 31.12.21 £ £ (77,293) 80,457 (1,134) - (78,427) 80,457 396 40 396 40 (10,833) (3,333) (10,833) (3,333) (88,864) 77,164 95,287 18,123 6,423 95,287

The notes form part of these financial statements

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ANIYEI HAOLAM TRUST

NOTES TO THE CASH FLOW STATEMENT

for the period 1 January 2022 to 31 January 2023

1. RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

OPERATING ACTIVITIES
		Period
		1.1.22
		to	Year Ended
		31.1.23	31.12.21
		£	£
Net (expenditure)/income for the reporting period (as per the
Statement of Financial Activities)		(83,631)	127,997
Adjustments for:
Interest received		(396)	(40)
Interest paid		1,134	-
Decrease/(increase) in debtors		5,000	(5,000)
Increase/(decrease) in creditors		600	(42,500)
Net cash (used in)/provided by operations		(77,293)	80,457
ANALYSIS OF CHANGES IN NET FUNDS/(DEBT)
	At 1.1.22	Cash flow	At 31.1.23
	£	£	£
Net cash
Cash at bank	95,287	(88,864)	6,423
	95,287	(88,864)	6,423
Debt
Debts falling due within 1 year	(10,000)	-	(10,000)
Debts falling due after 1 year	(36,667)	10,833	(25,834)
	(46,667)	10,833	(35,834)
Total	48,620	(78,031)	(29,411)

2. ANALYSIS OF CHANGES IN NET FUNDS/(DEBT)

The notes form part of these financial statements

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ANIYEI HAOLAM TRUST

NOTES TO THE FINANCIAL STATEMENTS for the period 1 January 2022 to 31 January 2023

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.

Going concern

The trustees, having made appropriate enquiries, consider that adequate resources exists for the charity to continue in operational existence for the foreseeable future and that, therefore, it is appropriate to adopt going concern basis in preparing the financial statements as at and for the period ended 31 January 2023. The trustees have made this assessment in respect to a period of one year from the date of approval of these accounts.

The trustees have concluded that there are no material uncertainties related to events or conditions that may cast significant doubt on the ability of the charity to continue as a going concern. The trustees are of the opinion that the charity will have sufficient resources to meet the liabilities as they fall due.

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.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Charitable activities

The cost of charitable activities comprises those incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Governance costs

Governance costs comprise those costs associated with meeting the constitutional and strategic requirements of the charity and the audit fees and costs linked to the strategic management of the charity.

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

continued...

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ANIYEI HAOLAM TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued for the period 1 January 2022 to 31 January 2023

1. ACCOUNTING POLICIES - continued

Debtors

Debtors are recognised at their settlement amount, less any provision for non-recoverable.

Creditors and provisions

Creditors are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of settlement can be estimated reliably.

Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments.

2. DONATIONS AND LEGACIES

Donations INVESTMENT INCOME Deposit account interest	Period 1.1.22 to 31.1.23 £ 871,501 Period 1.1.22 to 31.1.23 £ 396	Year Ended 31.12.21 £ 1,523,534
		Year Ended 31.12.21 £ 40

3. INVESTMENT INCOME

4. RAISING FUNDS Raising donations and legacies

Raising donations and legacies
	Period
	1.1.22
	to	Year Ended
	31.1.23	31.12.21
	£	£
Fundraising costs	38,893	37,500

continued...

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ANIYEI HAOLAM TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued for the period 1 January 2022 to 31 January 2023

5. CHARITABLE ACTIVITIES COSTS

CHARITABLE ACTIVITIES COSTS
		Grant
		funding of
		activities	Support
	Direct	(see note	costs (see
	Costs	6)	note 7)	Totals
	£	£	£	£
Expenditure on charitable activities	520,158	392,859	3,618	916,635

6. GRANTS PAYABLE

The total grants paid to institutions during the year were as follows:

Cost Shop UK 97,774	Cost Shop UK 97,774
Other grants	4,026
Total £101,800
Grants to individuals £291,059

All grants were paid from unrestricted funds to individuals, and charitable institutions whose objects are in line with the objects of the charity.

7. SUPPORT COSTS

SUPPORT COSTS
		Governance
	Finance	costs	Totals
	£	£	£
Expenditure on charitable activities	1,218	2,400	3,618

8. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the period ended 31 January 2023 nor for the year ended 31 December 2021.

Trustees' expenses

There were no trustees' expenses paid for the period ended 31 January 2023 nor for the year ended 31 December 2021.

9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

	2023		2021
	£		£
Other debtors		-	5,000

continued...

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ANIYEI HAOLAM TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued for the period 1 January 2022 to 31 January 2023

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

			2023	2021
			£	£
	Bank loans and overdrafts (see note 12)		10,000	10,000
	Other creditors		11,400	10,800
			21,400	20,800
11.	CREDITORS: AMOUNTS FALLING DUE AFTER MORE	THAN ONE YEAR
			2023	2021
			£	£
	Bank loans (see note 12)		25,834	36,667
12.	LOANS
	An analysis of the maturity of loans is given below:
			2023	2021
			£	£
	Amounts falling due within one year on demand:
	Bank loans		10,000	10,000
	Amounts falling between one and two years:
	Bank loans - 1-2 years		10,000	10,000
	Amounts falling due between two and five years:
	Bank loans - 2-5 years		15,834	26,667
13.	MOVEMENT IN FUNDS
			Net
			movement	At
		At 1.1.22	in funds	31.1.23
		£	£	£
	Unrestricted funds
	General fund	42,820	(83,631)	(40,811)
	TOTAL FUNDS	42,820	(83,631)	(40,811)
	Net movement in funds, included in the above are as follows:
		Incoming	Resources	Movement
		resources	expended	in funds
		£	£	£
	Unrestricted funds
	General fund	871,897	(955,528)	(83,631)
	TOTAL FUNDS	871,897	(955,528)	(83,631)

continued...

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ANIYEI HAOLAM TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued for the period 1 January 2022 to 31 January 2023

13. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net movement At 1.1.21 in funds £ £ Unrestricted funds General fund (93,513) 127,997 Restricted funds Restricted fund 8,336 - TOTAL FUNDS (85,177) 127,997 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 1,523,574 TOTAL FUNDS 1,523,574	Transfers between funds £ 8,336 (8,336) - Resources expended £ (1,395,577 ) (1,395,577 )	At 31.12.21 £ 42,820 - 42,820 Movement in funds £ 127,997 127,997

14. RELATED PARTY DISCLOSURES

During the year, the charity recieved donations aggregating £15,000 (2021: £84,000) from companies of which one of the trustees of the charity is a director.

15. INDEPENDENT EXAMINERS FEES

The Independent Examiners fees for the period were £4,200 (2021: £7,200).

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