FRIENDS OF CHEVRON YESHIVA GIVA4T MORDECHAI FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 CHARITY NUMBER 1119816 FRIENDS OF CHEVRON YESHIVA GIVAAT MORDECHAI FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2023 CONTENTS PAGES Members ofthe b08rd end professlonal advisers Trustee Annual Report 2103 Independent Examiners report to Ihe trustees 4t05 Statement of Financial Activities Balance Sheet Noles to the flnancial statements 8t0 11 FRIENDS OF CHEVRON YESHIVA GIVAAT MORDECHAI MEMBERS OF THE BOARD AND PROFESSIONAL ADVISERS Registerfjd charlty name Friends of Chevron Yeshiva Giv8at Mordech81 Charlty number 1119816 Trustees Mr N Sheinfeld Mr MM Feiedman Mr J Adler Mr Samuel Welnrot Independent Examlners Davles Harrls LLP Chartered Accountants Brullmar House Jubilee Road Middleton Manchester M24 2LX Prlnclpal offlce 15 Alba Gardens London NW11 9NS Bankers Natwesl Bank P LC 21 Golders Green Road Golders Green London NW118EB FRIENDS OF CHEVRON YESHIVA GIVAAT MORDECHAI TRUSTEES ANNUAL REPORT YEAR ENDED 31 MARCH 2023 The trusteos hav& pleasure In presenlSng their report and the flnan¢lal statements of th8 charlty for the year ended 31 March 2023. REFERENCE AND ADMINISTRATIVE DETAILS Reference 8nd admln15trative details are shown In the schedule Df rnernbers of the board and profe8s1onal advlsers on page 1. THE TRUSTEES Trustees named on page 1 have Served throughoul the year unlgss indicated otherwis&. Appolntment of trustees Is govemed by the Trust Deed of the ch8rity- The board of Trustees Is authorised to 8ppolnt new Iruslee8 10 flll vacencles arislng through reslgnalion or d8alh of an exlsting Iru$lee. Now tru$16es ar• normally Ir8lned for Ihelr t8sks by exlstlng truste88. STRUCTURE, GOVERNANCE AND MANAGEMENT Frlend$ of Chevron Yeshlva Givaat Mordechai is a registered charity, reglstradon number 1119816, and 1$ gov8rn6d by 8 daed dated 12th March 2007 The day to day affairs of the charity are run by the board of trustees. OBJECTIVES AND ACTIVITIES Th8 charity was formed for the advancement of the orthodox Jewish faith, orthodox Jewlsh rellglous aducatton, and in parbcular supporting the colleg8 Chevron Yeshiva Givaal Mordechai. How our actlvltles achleve publlc benefft The Charity C8rrfes out a range of actlvllfes In pursuance of its charitablg 8ims. The Trustees corbsider th81 these acllvllies, summarised below. provide beneflt to the comrnunllies In which thay 8re Involved. The m8in actlvity of the ch8ri1y is th6 upkeep and maintenance of 8 number of registered charities in Israel. These ch8rllies are all involved in supporting individual families to advance their JewSsh religious education. Th8se families 8r& In dlre need of financlal asslstance 8nd proposed reclpients are assessed In order to meet these needs. Tha Trust's rnain source of income is from donations. The Trust's polScles hav8 remained the same throughout the y8ar. ACHIEVEMENTS AND PERFORMANCE Durlng th8 year the charity made donallons of £0 {2022: £01 FRIENDS OF CHEVRON YESHIVA GIVAAT MORDECHAI TRUSTEES ANNUAL REPORT {contlnuedl YEAR ENDED 31 MARCH 2023 FINANCIAL REVIEW Ro•or¥e8 polley 1115 the policy of the ¢harity to maintain unrastrict•d funds, whlch are the free res8rve of ihe charity, at a lovd which the trustees think appropriate efter ¢ensidering tho future cornmilrnenls of Ihg chgrity and the Ilkaly admlnistr8llvè costs of the charily for tho noxl year. Tho flnanclal statements have been prepared In accordance with the slatemenl of recomrnended practlce for chartd8s and th8 governlng documgnt. Tho Irusloos believ8 that r8s8rvos of £169,771 are sufficlenl as11 has very little admln151rallve 8xpen$e8 and does not havo any blnding fulurts ¢ommltments. Rlsk Pollcy Thg trust has aSSE$sed thE* major risks to whlch it is oxposed in particular thos8 relating lo the operations and finances of the Trust, and 15 satisfied the 8yStems are in pla¢e to mltigate 11$ exposure lo those d$k$. PLANS FOR FUTURE PERIODS Tho ¢horily wlll ¢ondnue lo further Its oble¢tlveg Of advanelng and lurthertng Jewish religlon and Jevlsh rellgl¢us education by offertng nnancl81 asslsianco lo varfous Snstllutlons In Israel whlch have the same objectlves. Th& trustee5 ar8 rnost gratèful to all thelr rBgular donllrs and hopè that Ihoy wlll continue lo support Ihis charity. The trustees are 8180 hoping that tha current donor8 wlll Intmduce n8W Poten￿al donor8. DISCLOSURE OF INFORMATION TO AUDITORS So far a5 ea¢h trustee ol the dote of approval of this report 1$ gwarg.. the￿ is no rèlevani audll infomatlon of which th& charfivs audltors 8re unaw8m', and tha tNslees havè takèn 811 stèps that thèy ought lo h8Ve taken to make ihemselves aware of any relevant audil information and lo establish that the auditor5 are aware of the inlormalion, INDEPENDENT EXAMINER A resolution to appoint Oevies Harris LLP as Independent examiner for the ensuing year wlll be proposed al the Annual General Meeting, Signed on behalf of the trustees MR M M FRIEDMAN TRUSTEE DATE 21th August 2024 FRIENDS OF CHEVRON YESHIVA GIVAAT MORDECHAI INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES I report on the accounts of the Charlty for the year ended 31 st March 2023 whlch are set out onpages4to11. RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER The charity's Irustaes are r8sponsible for the preparation of the accounts, Thecharily's trustees consider th8t an audit is not required for this year (under section 144121 of the Charlties Act 2011 (The 2011 Act) and that an independent 8xarNination is needed. l am qu81ified lo undertak8 the exarnlnation by being a qualified rnember of the Instilula of Chartered Accountants in England and Wales. 1115 my responsibility lo:_ examine the accounls under Secllon 145 of the 2011 Act; follow th8 procedures laid down In the gener81 Directions given by the Charity Commission under Section 145(51(bl of the 2011 Act., and stale whelh8r particular matters have come to my 8tt8ntion. BASIS OF INDEPENDENT EXAMINER'S REPORT My examination was carried out In accordance wlth the g8n8ral Dlreclions given by the Charity Commissian. An examination includes a revièw of the accounting records k8Pt by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual itams or disclosures in the accounts. and seeking explanatlons from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be requlred in an audit and consequently no opin ion Is given as lo whether the accounts present 8 "true and fair view" and the report is Ilmiled to those matt8rs s8t out In the statement below. INDEPENDENT EXAMINERS STATEMENT In the course of my examination, no malter has come to rry attention.. whlch glves me reasonable cause to believe thal, In eny mat8rial respect, the requirements., to keep accountlng records In accordance with Section 130 of the 2011 Act; and FRIENDS OF CHEVRON YESHIVA GIVAAT MORDECHAI INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES to prepare accounts which accord wlh the accounting records and Gomply with the accounting requiremonls of the 2011 Act. have not b88n met. or (2} to which. in my opinion, attention should be drawn In order to enabl6 a proper unéerslanding of the accounts to be reached. Davies Harris LLP Chartered Accountants Brulimar House Jubilee Road Middleten Manchester M24 2LX 21th August 2024 FRIENDS OF CHEVRON YESHIVA GIVAAT MORDECHAI STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31 MARCH 2023 Total Fund5 Year to Total FLind: Yoorto Noi& 31-Mar-23 31-Mar-22 INCOMING RESOURCES Incoming r8sources from generating funds.. Voluntary income Inv8Stm8nt Incom8 29,644 87.701 TOTAL INCOMING RESOURCES 55.340 140.990 RESOURCED EXPENDED Charitable acllvitles Governance Costs {6001 {6001 TOTAL RESOURCED EXPENDED 16001 NET MOVEMENT IN FUNDS FOR THE YEAR RECONCILIATION OF FUNDS Total funés brought forward 29,014 87,101 140.727 53,626 TOTAL FUNDS CARRIED FORWARD 169,771 140,727 The Statement of Financlal Activltles Includes all gains and losses In the year end therefore a statement of total recognised gains 2nd losses has not been prepared. All of the above amounts rel8t6 locontlnulng act[￿tIes. The notes on pages 8 to 11 forrn p8rt of thesa flnanelal statsrnerrt6. FRIENDS OF CHEVRON YESHIVA GIVAAT MOROECHAI BALANCE SHEET YEAR ENDED 31 MARCH 2023 2023 2022 No(e CURRENT ASSETS Cash al Bank 172.111 142,9r7 CREDITORS: Amounts f8lllng due wlthln one year. 12,3401 12,2301 NET CURRENT ASSETS 189,771 140.727 TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS UnreslrScted Income Funds 169.771 140,727 TOTAL FUNDS These financiBI statements wew approved by the members of the ¢omiTrlllee on Ill 21 Ih August 2024 MR M M FRIEDMAN TRUSTEE Tha notes on p89eg 8 to 11 fomi part of these finanei81 sts18ments. FRIENDS OF CHEVRON YESHIVA GNAAT MORDECHAI NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2023 1 ACCOUNTING POLICIES Basls of accounting The flnancial statements have been prepared under the hlslorical cost convention and in accordan￿ with applicable United Kingdom accounting standards, the ststernent of Recommended Practice "Accounting and Reportlng by Charities" issued in March 2005 ISORP20051 and the Charities Act 2011. These are only included In the SOFA when the charity has uncondltional enllllemenl lo the resources. Donatlons represent voluntary amounts receivable during theyear. ns These are only recognised in the accounts when a commitment has been made and th8re are no conditions to be met relating to the donation which remain in the control of the charity. The charity donations have been detailed in note 4 to the financial statements. FUND ACCOUNTING General unre5tricled funds comprise the accumulated surplus or deficit on income and expenditure account. They are available for use at the dlscretion of the Trustees in furtherance of the general objectives of the charfty. Restrfcled funds are funds subject to speciftc reslricted conditions imposed by donors. There are nc restrlcted funds 8s at the Balance Sheet date. Designate(J funds are fund5 which have been set aside at the discretion of the Irustees for specific purposes. There are no designated ftjnds as at the Balance Sheet date. RESOURCES EXPENDED rec Liabilities are recognised as scion as there Is a legal or constructive obligation commlttlng the Charlty to pay out resources. Support costs are thoso costs whlch are common to all areas of the organisation. These are allocated across all areas of activity using a method which would be approprlale to th8 type of expense. Include costs of the prep8ration and examination of Statutory Accounts, the costs of trustee meetlngs end cost of any legal advice to truste6s on governance or conslltutlonal matters. FRIENDS OF CHEVRON YESHIVA GIVAAT MORDECHAI NOTES TO THE FINANCIAL STATEMENTS Icontinuedl YEAR ENDED 31 MARCH 2023 2 VOLUNTARY INCOME Unreslrlctod Totsl Fund8 Total Fknnds Funds 2023 2022 Donatlons Don81ions 3 INVESTMENT INCOME Unrestricted Funds Total Fuiids 2022 Total 2021 Bank interest receivable 4 COSTS OF CHARITABLE ACTIVITIES 8Y ACTIVITY TYPE Grant Fundliig actlvltles Total Fknnd$ 202:, 2022 Furtharanc8 of Jewlsh rellglon 8nd educatlon FRIENDS OF CHEVRON YESHIVA GIVAAT MORDECHAI NOTES TO THE FINANCIAL STATEMENTS {contlnued) YEAR ENDED 31 MARCH 2023 GOVERNANCE COSTS Unrestricted Total Funds Total Funds Funds 2023 2022 Independent Examlners fees Interest payable and similar charges 600 oo 600 600 600 NET INCOMING RESOURCES FOR THE YEAR This is stated after charging.. Year to 31 March 2023 Year to 31 March 2022 Independent Ex8minatSon of the flnancial statements 600 600 STAFF COSTS AND EMOLUMENTS No salarles or wages have been paid to employees, Including the members af the committee, durlng tho year. CREDITORS: Amounts falling due within one year 2023 2022 Accruals 2340 2230 UNRESTRICTED INCOME FUNDS Net Incomlng resources Balance at Balance at 314Aar.23 01-Apr.22 Genersl Funds 140,727 29,044 169.771 10 ANALYSIS OF NET ASSETS BETWEEN FUNDS Net current assets Total Unrestricted Income Funds Total Fund8 169 771 169,771 169 771 169,771 io FRIENDS OF CHEVRON YESHIVA GIVAAT MORDECHAI NOTES TO THE FINANCIAL STATEMENTS (continued) YEAR ENDED 31 MARCH 2023 RELATED PARTY TRANSACTIONS No trustees received any remuneration d uring the yaar, The charily did not meet any Individual expenses incurred by the trustees for services 10 the charnty.