**REGISTERED CHARITY NUMBER: 1117836**
**Report of the Trustees and**
**Unaudited Financial Statements FOR THE YEAR ENDED 31 December 2023**
**for**
## **THE BRITISH FRIENDS OF YESHIVAT HAKOTEL**
Melinek Fine LLP Chartered Accountants First Floor, Winston House 349 Regents Park Road London
N3 1DH
**THE BRITISH FRIENDS OF YESHIVAT HAKOTEL**
**Contents of the Financial Statements FOR THE YEAR ENDED 31 DECEMBER 2023**
||**Page**|
|---|---|
|**Report of the Trustees**|1 to 2|
|**Independent Examiner's Report**|3|
|**Statement of Financial Activities**|4|
|**Balance Sheet**|5|
|**Notes to the Financial Statements**|6 to 7|
**THE BRITISH FRIENDS OF YESHIVAT HAKOTEL**
## **Report of the Trustees**
**FOR THE YEAR ENDED 31 DECEMBER 2023**
The trustees present their report with the financial statements of the charity for the year ended 31 December 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**
The objective of the charity is the advancement of Orthodox Jewish Religious Education, particularly by assisting the Yeshivat Hakotel College in Israel.
## **Public benefit**
The Trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the Trust's aims and objectives and in planning future activities and setting the grantmaking policy.
## **Grantmaking**
The charity raises funds in order to make grants to Yeshivat Hakotel in Israel.
## **ACHIEVEMENT AND PERFORMANCE**
## **Charitable activities**
The results for the year and the financial position at the year end were considered satisfactory by the trustees.
During the year the charity continued its provision of grants to Yeshivat Hakotel with the amount donated totalling £37,800 (2022: £0). Unrestricted funds at the balance sheet date was £30,696 (2022: £1,696).
## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document**
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number**
1117836
## **Principal address**
6 Purcells Avenue Edgware Middlesex HA8 8DT
## **Trustees**
Mr D H J Cohen (resigned 6.11.23) Mr A Sacks (resigned 6.11.23) Mr J M Silberstein (appointed 30.6.23) Mr B Kurzer (appointed 6.11.23) Mr H Salter (appointed 6.11.23)
## **Independent Examiner**
Aryeh Melinek, FCA Melinek Fine LLP Chartered Accountants First Floor, Winston House 349 Regents Park Road London N3 1DH
Page 1
**THE BRITISH FRIENDS OF YESHIVAT HAKOTEL**
**Report of the Trustees FOR THE YEAR ENDED 31 DECEMBER 2023**
Approved by order of the board of trustees on 15 February 2024 and signed on its behalf by:
Mr J M Silberstein - Trustee
Page 2
**Independent Examiner's Report to the Trustees of The British Friends of Yeshivat Hakotel**
## **Independent examiner's report to the trustees of The British Friends of Yeshivat Hakotel**
I report to the charity trustees on my examination of the accounts of The British Friends of Yeshivat Hakotel (the Trust) for the year ended 31 December 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**
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.
Aryeh Melinek, FCA
Melinek Fine LLP Chartered Accountants First Floor, Winston House 349 Regents Park Road London N3 1DH
15 February 2024
Page 3
**THE BRITISH FRIENDS OF YESHIVAT HAKOTEL**
## **Statement of Financial Activities**
**FOR THE YEAR ENDED 31 DECEMBER 2023**
|2023
Unrestricted
fund
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
67,175
**EXPENDITURE ON**
**Charitable activities**
Grants to Yeshivat Hakotel, Israel
37,800
Other charitable activities
375
**Total**
38,175
**NET INCOME**
29,000
**RECONCILIATION OF FUNDS**
Total funds brought forward
1,696
**TOTAL FUNDS CARRIED FORWARD**
30,696|2022
Total
funds
£
1,871
-
360
360
1,511
185
1,696|
|---|---|
The notes form part of these financial statements
Page 4
**THE BRITISH FRIENDS OF YESHIVAT HAKOTEL**
## **Balance Sheet 31 DECEMBER 2023**
|2023
Unrestricted
fund
Notes
£
**CURRENT ASSETS**
Cash at bank
31,416
**CREDITORS**
Amounts falling due within one year
3
(720)
**NET CURRENT ASSETS**
30,696
**TOTAL ASSETS LESS CURRENT LIABILITIES**
30,696
**NET ASSETS**
30,696
**FUNDS**
Unrestricted funds
30,696
**TOTAL FUNDS**
30,696|2022
Total
funds
£
2,416
(720)
1,696
1,696
1,696
1,696
1,696|
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 15 February 2024 and were signed on its behalf by:
Mr J M Silberstein - Trustee
The notes form part of these financial statements
Page 5
**THE BRITISH FRIENDS OF YESHIVAT HAKOTEL**
## **Notes to the Financial Statements FOR THE YEAR ENDED 31 DECEMBER 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.
## **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.
## **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.
## **2. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 December 2023 nor for the year ended 31 December 2022.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 December 2023 nor for the year ended 31 December 2022.
continued...
Page 6
**THE BRITISH FRIENDS OF YESHIVAT HAKOTEL**
**Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 DECEMBER 2023**
## **3. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
||2023|2022|
|---|---|---|
||£|£|
|Other creditors|720|720|
## **4. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 December 2023.
Page 7