REGISTERED CHARITY NUMBER: 1118504
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD 1 APRIL 2024 TO 31 MAY 2025
FOR
YETEV LEV LONDON JERUSALEM TRUST
Venitt and Greaves Chartered Accountants 115 Craven Park Road South Tottenham London N15 6BL
YETEV LEV LONDON JERUSALEM TRUST
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE PERIOD 1 APRIL 2024 TO 31 MAY 2025
| Page | |||
|---|---|---|---|
| Reference and Administrative Details | 1 | ||
| Report of the Trustees | 2 | to | 3 |
| Independent Examiner's Report | 4 | ||
| Statement of Financial Activities | 5 | ||
| Statement of Financial Position | 6 | ||
| Statement of Cash Flows | 7 | ||
| Notes to the Statement of Cash Flows | 8 | ||
| Notes to the Financial Statements | 9 | to | 14 |
YETEV LEV LONDON JERUSALEM TRUST
REFERENCE AND ADMINISTRATIVE DETAILS FOR THE PERIOD 1 APRIL 2024 TO 31 MAY 2025
TRUSTEES
PRINCIPAL ADDRESS
J Fekete S Weinstock M Zafir S Gross 47 Chardmore Road Stamford Hill London N16 6JA
REGISTERED CHARITY NUMBER 1118504
INDEPENDENT EXAMINER
Venitt and Greaves Chartered Accountants 115 Craven Park Road South Tottenham London N15 6BL
Page 1
YETEV LEV LONDON JERUSALEM TRUST
REPORT OF THE TRUSTEES FOR THE PERIOD 1 APRIL 2024 TO 31 MAY 2025
The trustees present their report with the financial statements of the charity for the period 1 April 2024 to 31 May 2025. 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 objects of the charity are the furtherance of the Orthodox Jewish religion by way of support to educational institutions, assisting in the reduction of poverty and granting help for charitable causes at the discretion of the trustees.
Public benefit
The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit, and in particular to its supplementary public benefit guidance on advancing education, when reviewing the charity's aims and objectives, and in planning future activities and setting grant making policy for the year.
Grantmaking
The trustees obtain details of all requests for assistance and ensure that good recommendations are received before any payments are made.
Volunteers
Volunteers assist the trustees in the organisation of fundraising activities.
ACHIEVEMENTS AND PERFORMANCE
Charitable activities
During the year the charity collected funds to be distributed to charitable institutions and other needy causes. The main object is to collect funds to be donated to the Yetev Lev Institutions in Israel. Fundraising functions were held during the year and similar functions are planned to be held on a regular annual basis. During the current year total donations received were £753,213 (2024: £589,251), and total donations made amounted to £809,914 (2024: £648,217).
FINANCIAL REVIEW
Financial position
The charity is reliant on donations in order to assist in the advancement of the Orthodox Jewish Faith. The trustees are satisfied with the results of the charity for the year under review.
Reserves policy
The trustees try to ensure that the charity retains sufficient funds to cover immediate anticipated outgoings. They have contacts at all times with potential donors who are able to assist with the charity's requirements.
Going concern
The trustees are confident that the charity will be able to continue operating for the foreseeable future.
FUTURE PLANS
The Trustees plan to continue to make distributions in accordance with their grant making policy and to ensure that an appropriate level of reserves is maintained.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a declaration 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.
Page 2
YETEV LEV LONDON JERUSALEM TRUST
REPORT OF THE TRUSTEES FOR THE PERIOD 1 APRIL 2024 TO 31 MAY 2025
STRUCTURE, GOVERNANCE AND MANAGEMENT
Organisational structure
The charity is constituted by a declaration of trust dated 24 January 2007. The trustees are appointed by the declaration of trust and provide their services free of charge. They are all involved in the regular running of the charity.
Related parties
Details of transactions with related parties are disclosed in the notes to the Financial Statements.
Risk management
The charity has assessed the major risks to which the charity is exposed, in particular those to the operations and finances of the charity, and is satisfied systems are in place to mitigate its exposure to those risks.
Approved by order of the board of trustees on 5 March 2026 and signed on its behalf by:
S Gross - Trustee
Page 3
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF YETEV LEV LONDON JERUSALEM TRUST
Independent examiner's report to the trustees of Yetev Lev London Jerusalem Trust
I report to the charity trustees on my examination of the accounts of Yetev Lev London Jerusalem Trust (the Trust) for the period 1 April 2024 to 31 May 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:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
-
the accounts do not accord with those records; or
-
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.
M A Venitt
Venitt and Greaves Chartered Accountants 115 Craven Park Road South Tottenham London N15 6BL
5 March 2026
Page 4
YETEV LEV LONDON JERUSALEM TRUST
STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD 1 APRIL 2024 TO 31 MAY 2025
| Period | |||
|---|---|---|---|
| 1.4.24 | |||
| to | Year ended | ||
| 31.5.25 | 31.3.24 | ||
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| INCOME AND ENDOWMENTS FROM | |||
| Donations and legacies | 2 | 753,213 | 589,251 |
| EXPENDITURE ON | |||
| Raising funds | 3 | 38,766 | 31,280 |
| Charitable activities | 4 | ||
| Grants to Institutions | 809,914 | 648,217 | |
| Other | 7,762 | 28,790 | |
| Total | 856,442 | 708,287 | |
| NET INCOME/(EXPENDITURE) | (103,229) | (119,036) | |
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | 196,536 | 315,572 | |
| TOTAL FUNDS CARRIED FORWARD | 93,307 | 196,536 |
The notes form part of these financial statements
Page 5
YETEV LEV LONDON JERUSALEM TRUST
STATEMENT OF FINANCIAL POSITION 31 MAY 2025
| 31.5.25 Unrestricted fund Notes £ FIXED ASSETS Tangible assets 9 1,114 CURRENT ASSETS Debtors 10 96,350 Cash at bank 4,603 100,953 CREDITORS Amounts falling due within one year 11 (8,760) NET CURRENT ASSETS 92,193 TOTAL ASSETS LESS CURRENT LIABILITIES 93,307 NET ASSETS 93,307 FUNDS 12 Unrestricted funds 93,307 TOTAL FUNDS 93,307 |
31.3.24 Total funds £ 1,311 182,350 17,435 199,785 (4,560) 195,225 196,536 196,536 196,536 196,536 |
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 5 March 2026 and were signed on its behalf by:
J Fekete - Trustee
S Weinstock - Trustee
M Zafir - Trustee
The notes form part of these financial statements
Page 6
YETEV LEV LONDON JERUSALEM TRUST
STATEMENT OF CASH FLOWS FOR THE PERIOD 1 APRIL 2024 TO 31 MAY 2025
| Notes Cash flows from operating activities Cash generated from operations 1 Net cash 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 |
Period 1.4.24 to Year ended 31.5.25 31.3.24 £ £ (12,832) (130,145) (12,832) (130,145) (12,832) (130,145) 17,435 147,580 4,603 17,435 |
|---|---|
The notes form part of these financial statements
Page 7
YETEV LEV LONDON JERUSALEM TRUST
NOTES TO THE STATEMENT OF CASH FLOWS FOR THE PERIOD 1 APRIL 2024 TO 31 MAY 2025
1. RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES
2.
| Net expenditure for the reporting period (as per the Statement of Financial Activities) Adjustments for: Depreciation charges Decrease/(increase) in debtors Increase/(decrease) in creditors Net cash used in operations ANALYSIS OF CHANGES IN NET FUNDS |
Period 1.4.24 to Year ended 31.5.25 31.3.24 £ £ (103,229) (119,036) 197 231 86,000 (1,499) 4,200 (9,841) (12,832) (130,145) |
Period 1.4.24 to Year ended 31.5.25 31.3.24 £ £ (103,229) (119,036) 197 231 86,000 (1,499) 4,200 (9,841) (12,832) (130,145) |
|---|---|---|
| (130,145) | ||
| At 1.4.24 Cash flow At £ £ Net cash Cash at bank 17,435 (12,832) 17,435 (12,832) Total 17,435 (12,832) |
31.5.25 £ 4,603 |
|---|---|
| 4,603 | |
| 4,603 |
The notes form part of these financial statements
Page 8
YETEV LEV LONDON JERUSALEM TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD 1 APRIL 2024 TO 31 MAY 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.
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.
Governance costs
Governance costs are associated with the governance arrangements of the charity and relate to the general running of the charity. These costs include audit, legal advice for Trustees and costs associated with meeting constitutional and statutory requirements such as the cost of Trustee meetings and the preparation of the statutory accounts.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Taxation
The charity is exempt from tax on its charitable activities.
2. DONATIONS AND LEGACIES
| DONATIONS AND LEGACIES | ||
|---|---|---|
| Period | ||
| 1.4.24 | ||
| to | Year ended | |
| 31.5.25 | 31.3.24 | |
| £ | £ | |
| Donations | 753,213 | 589,251 |
continued...
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YETEV LEV LONDON JERUSALEM TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 1 APRIL 2024 TO 31 MAY 2025
3. RAISING FUNDS
Raising donations and legacies
| Raising donations and legacies | |||
|---|---|---|---|
| Period | |||
| 1.4.24 | |||
| to | Year ended | ||
| 31.5.25 | 31.3.24 | ||
| £ | £ | ||
| Support costs | 3,745 | - | |
| Other trading activities | |||
| Period | |||
| 1.4.24 | |||
| to | Year ended | ||
| 31.5.25 | 31.3.24 | ||
| £ | £ | ||
| Function advertising | 25,978 | 18,610 | |
| Printing and publicity | - | 2,677 | |
| Fundraising advertising | 5,695 | 7,141 | |
| Postage and mailing | 3,348 | 2,361 | |
| Building repairs | - | 491 | |
| 35,021 | 31,280 | ||
| Aggregate amounts | 38,766 | 31,280 | |
| 4. | CHARITABLE ACTIVITIES COSTS | ||
| Grant | |||
| funding of | |||
| activities | |||
| (see note | |||
| 5) | |||
| £ | |||
| Grants to Institutions | 809,914 |
continued...
Page 10
YETEV LEV LONDON JERUSALEM TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 1 APRIL 2024 TO 31 MAY 2025
5. GRANTS PAYABLE
| Grants to Institutions SUPPORT COSTS Management £ Raising donations and legacies 2,585 Other resources expended - 2,585 |
Period 1.4.24 to Year ended 31.5.25 31.3.24 £ £ 809,914 646,432 Governance Finance costs Totals £ £ £ 1,160 - 3,745 3,365 4,200 7,565 4,525 4,200 11,310 |
Period 1.4.24 to Year ended 31.5.25 31.3.24 £ £ 809,914 646,432 Governance Finance costs Totals £ £ £ 1,160 - 3,745 3,365 4,200 7,565 4,525 4,200 11,310 |
Period 1.4.24 to Year ended 31.5.25 31.3.24 £ £ 809,914 646,432 Governance Finance costs Totals £ £ £ 1,160 - 3,745 3,365 4,200 7,565 4,525 4,200 11,310 |
|---|---|---|---|
| Totals £ 3,745 7,565 |
|||
| 11,310 |
6. SUPPORT COSTS
7. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the period ended 31 May 2025 nor for the year ended 31 March 2024.
Trustees' expenses
There were no trustees' expenses paid for the period ended 31 May 2025 nor for the year ended 31 March 2024.
8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | |
|---|---|
| fund | |
| £ | |
| INCOME AND ENDOWMENTS FROM | |
| Donations and legacies | 589,251 |
| EXPENDITURE ON | |
| Raising funds | 31,280 |
| Charitable activities | |
| Grants to Institutions | 648,217 |
| Other | 28,790 |
| Total | 708,287 |
| NET INCOME/(EXPENDITURE) | (119,036) |
| RECONCILIATION OF FUNDS | |
| Total funds brought forward | 315,572 |
continued...
Page 11
YETEV LEV LONDON JERUSALEM TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 1 APRIL 2024 TO 31 MAY 2025
| 8. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | |
|---|---|---|---|
| Unrestricted | |||
| fund | |||
| £ | |||
| TOTAL FUNDS CARRIED FORWARD | 196,536 | ||
| 9. | TANGIBLE FIXED ASSETS | ||
| Fixtures | |||
| and | |||
| fittings | |||
| £ | |||
| COST | |||
| At 1 April 2024 and 31 May 2025 | 7,782 | ||
| DEPRECIATION | |||
| At 1 April 2024 | 6,471 | ||
| Charge for year | 197 | ||
| At 31 May 2025 | 6,668 | ||
| NET BOOK VALUE | |||
| At 31 May 2025 | 1,114 | ||
| At 31 March 2024 | 1,311 | ||
| 10. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
| 31.5.25 | 31.3.24 | ||
| £ | £ | ||
| Other debtors | 96,350 | 182,350 | |
| 11. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
| 31.5.25 | 31.3.24 | ||
| £ | £ | ||
| Other creditors | 8,760 | 4,560 |
continued...
Page 12
YETEV LEV LONDON JERUSALEM TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 1 APRIL 2024 TO 31 MAY 2025
12. MOVEMENT IN FUNDS
| At 1.4.24 £ Unrestricted funds General fund 196,536 TOTAL FUNDS 196,536 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 753,213 TOTAL FUNDS 753,213 Comparatives for movement in funds At 1.4.23 £ Unrestricted funds General fund 315,572 TOTAL FUNDS 315,572 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 589,251 TOTAL FUNDS 589,251 |
Net movement At in funds 31.5.25 £ £ (103,229) 93,307 (103,229) 93,307 Resources Movement expended in funds £ £ (856,442) (103,229) (856,442) (103,229) Net movement At in funds 31.3.24 £ £ (119,036) 196,536 (119,036) 196,536 Resources Movement expended in funds £ £ (708,287) (119,036) (708,287) (119,036) |
|---|---|
continued...
Page 13
YETEV LEV LONDON JERUSALEM TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 1 APRIL 2024 TO 31 MAY 2025
13. RELATED PARTY DISCLOSURES
There were no related party transactions for the period ended 31 May 2025.
Page 14