**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:
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.
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...
Page 9
**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