FRIENDS OF CHEVRON YESHIVA GIVAAT MORDECHAI FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 CHARITY NUMBER 1119818
FRIENDS OF CHEVRON YE8HIVA GIVAAT MORDECHAI FINANCIAL 8TATEMEKf8 YEAR ENDED 31 MARCH 2024 CONTENTS PAGE8 Member8 oftho Ixlard and profe881onal advl8er8 Tru8tse Annual Report 2to3 Independent Examinar8 report to the tru8tee8 4t05 8tatsrnent of Flnandal Actlvltles Balance Sheet Notes to the flnanclal Statements 8t011
FRIENDS OF CHEVRON YESHIVA GNAAT MORDECHAI MEMBERS OF THE BOARD AND PROFESSIONAL ADV18ERS R•gl8tsrnd charlty nam• FriorK18 of Chevron Ye8hlva Glvaat Mordechal Charfty numbor 1119818 Trusts•8 Mr N Shelnf•ld Mr MMFoi8dman Mr J Adler Mr 8amuel Wolnrol Ind•p•nd•nt Examln•r• Davles Harrf8 LLP Charterod Accountants Brullmar Hou8• Jubll80 Road Mlddlaton Manch88t•r M24 2LX Prfnclpal offl 15 Alba Garden8 London NW119N8 Bank•rn NalweBt Bank P LC 21 Goldern Green Road Golder8 Gr•en London NW118EB
FRIEND8 OFCHEVRON YESHIVA GIVAAT MORDECHAI TRU8TEES ANNUALREPORT YEAR ENDED 31 MARCH 2024 Tha tru8tse8 have plea8ure In pr88enllng thelr report and the flnandal 8tstement8 of the charity for tho year and 31 March 2024. REFERENCE AND ADMIN18TRATIVE DETAIL8 Refernnce and admlni8trallve d8ts118 aro 8hcMn In the 8ch8dule of membern of th? board and profe88lonal advl*er8 on page 1. THE TRU8TEE8 Tru8te88 named on pago 1 have 9orv8d throughout the year unless Indlcated otherwl80. Appolnknent of trustea818 govomod by the Trust Deod of the charlty. The board of TrustOe81B author18ad to appolnt new tru8te88 to 1111 vaeAncl08 ari8ing through r881gnadon or death of an ox1811ng trustee. Naw tru8t888 aro normally traln•d for thelr ta8k8 by ex18tlng tru8tees. 8TrUCTURE, OOVERNANCE AND MANAoevENT Frlend8 of Chevron Ye8hlva Glvaat Mordechal18 a reg181ered charfty, regl8tratlon number 1119818, and18 govemod by a deed dated 12th March 2007. The day to day affalr8 of th• charfty aro run by tho board ol trust8. OBJECTIVE8 AND ACTIVITIES The charfty WA8 fornxd for th• advancement of th• orthodox Jwl•h falth, orthodox Jewlsh rellglou8 edutIOn, and In partlcul•r 8UPPQrtlng the Gollego Chevron YeahlvA Glvaat Mordechal. How our aGtlvltlM •chlov• publlc b•n•fit Tho Charfty carrlu out • range ol actMtle8 In pur8uance of It8 charflable alm8. The Tru8tee8 Goll8lder that th888 acllvitl8S, Summarld baw, provld8 b8n8fit to the communlUe8 In whlch they are Involved. Tho maln acllvlty of Iho charity18 th8 upkeop and maintenanca of a numbor of reg18t•red Gharft108 In18rael. The8e charltle8 are all Involved In 8upportlng Indivldual famlll88 to advance thalr Jew18h rnllglou8 educatlon. The88 famllle• ar• In dlre n8ed of flnandal a8818tanL¥ and prop088d rodplont8 arn a880880d in ordor to m•8t these needs. The Tru81'8 maln 80urco of Income18 from donatlon8. Tho Tru8V8 PDllcle8 hav8 romalnod tho 8ame throughout the yw. ACHIEVEMENT8 AND PERFORMANCE DurirvJ tho year tho charlty rncalved donation8 of £46.171 (2023.. £29,644)
IIRUND• OF QHFVRQN Y58MIVA OIVAAT MOIIP&CHAI TRU8TEe8 ANNUAL REPORT (••nllnu•d) YRAn IMDED JI MARCH 2D24 PIIIAMCIAL Rnlniw R•••rv•• poll•y It li Ihe poloy alth• oh•rfty to MrrtaIn unr••trl¢i•d nd. whlah •r• lh• fr•• r•••rv• olth• ch•rfty, qt a l•v•l vthlch th• Iru•t•o$ think APWOPM•te 00ndIng th• thr• Gomnthwrt• pl th• th•rlty ind th• Ilk•ly admlnltr•tt¥• oc•t• olth• Qhwlty forth• n&Yty••r. Th• lknanelal •t•t•m•nts h•v• b••n pr•p•r•d In •ccord•na• MAih th• •tst•m•nt 01 r•¢•fflffl•nd•d pr•otla• far oh•ltl•• and th• gav•ffllng dc•¢um•nl. Th• b•ll•v• th•1 I•••r of £IIXI.771 •r• •urnrl•rt •• It hm v•ry Ilttt• 141mlnlth• •xp•M•s •nd dom not hav• any blndlng trJr• oommblm•nti. ni•k Palkny Th• truit hu n••M•d th• nJor rf•k• to whloh It h •xpo••d In p•rfloul•r thN• r•laOng to th• op•rA•on• •nd IN•rbe•• of th• Trwc •nd11 •4ts1•d lh• •y•tsm• ar• in pl•o• t• mNlgat• It• •xpo•ur• to th#M rl•k•. PLAN8 POR PUTURQ PaRIOD• Th• ¢hqrtiy lN ¢onfjnu• to tt4 •1 •th•nelng rtharIng J••b r•NAlon Ind Jff•l•h r•Nglou• •duooUon by Qffwlng ffflanohl M•l•l•no• to VIOul In•Uhon• In l•r•ql Yllch h•v• th• Mm• obJ•clv•B. Th• tru•t•M •r• rnNt w•t•fvl ts li thdr r•Lwiir donor• ani hop• Ihat Ih•y ¢onllnu• to yporl th1• ¢h•rfty. Th• tru•t•M •r• d•0 hoplng th8 pu• donom I11 htroduc• n•w pol•ntlal donor•. DI•GLQ•URI OV IMPORMATION TO AUOITQRO 80 tsr •• ••eh tru•t•• al th• dats of apFYov•I olthlB r•port l• •war•: th•r• l• n¢ r•l•vant audl InforMon of Ythloh th• th•rfV• audltorn w• {m•r•,. •nd th• trwt••• h•v• t•k•n dl that th•y (WBht lo hav• tsk•n to m•k• Ih•mg•lvw Ir• of any rd•vant •udt Infomi•ll¢n qnd to ••l•blhh that th• •uoltorn •r• aw•r• of th• Inform•llpn. INDmP•NPINT EXAMINEII A moluygn to appolnt Da¥l•• H•rrh LLP M Ind•p•nd•nt •Mmln•r for lh• •r*ulng y•arwlll b• propomd •t th• Annual shn•r•l M•6lln9. akn•d on b•hilf ofth• tru8ts MA N •HllhlFELD TRUS DATE 14th P•bru•ry 2021
FRIENDS OF CHEVRON YE8HIVA GIVAAT MORDECHAI INDEPENDENT EXAMINER8 REPORT TO THE TRU8TEE8 I report on th• aLxounts of the Charlty ft>r the year anded 31st March 2024 whlch are Set out on pag884to 11. RESPECThIE RE8PON81BILITIE8 OF TRU8TEE8 AND EXAMINER The Gharlty'8 truste88 are r88ponsible for the preparation of the accounts. Thecharlty'8 tru8teeB consider that an audll Is not required for this year (under 80ctlon 144(2) of tho Charftlas Act 2011 (rhe 2011 Act) and that an Ind8p•ndent examlnatlon h neaded. l am quallfled to undertake the examlnatlon by belng a qualifd member of the In8tltut• of Charterad Accountant8 in England and Waleg. It18 my r88pDn8lblllty to:_ examlne th• accounts under Sectlon 145 of the 2011 Act: follow the proc•duM8 lald down In tho g•nornl Dlr•ctlon8 glv•n by th• Charity Commi881on und8r Sectlon 146(5){b) of the 2011 Act: and 8tate whether partlcular matter8 have come to rny attention, BA818 OF INDEPENDENT EXAMINER'8 REPORT My examinatlon wa8 carrled out in accordan(% wlth the general Directlon8 given by the Charty Commi88lon. An examinatlon include8 a revlew of the accountlng record8 kept by the charlty and a compar180n of the accounts pre8entsd wlth th088 record8. It also Includes conslderation of any unusual Items or dl8clo8ures in the accoun18, and 88eklng explanations from you as tru8tees concernlng any 8uch matters. The procadures undertaken do not provide all the evldence that would be requlred In an audit and consequently no oplnlon18 glven a8 to whether the accounts pr888nt a 'lrue and falr VIW and the report18 Ilmlted to those mattern Bet out In tho 8tatsment below. INDEPENDENT EXAMINER8 STATEMENT In the course of my examinatlon, no matter has come to my attentlon: (1) which glv88 me rea80nable cause to belleve that. In ary material respect, tho requlrements: to keep accountlng record8 In accordance wlth Sectlon 130 of the 2011 Act. and
INDEPENDENT EXAMINERS STATEMENT In the courne of my examlnatlon, no matter ha8 to my attentlon: (1) whlch glve8 m8 r8a80nable cau88 to bell8ve that, In any matsrlal ra8P8Ct, th• r•quiremont8: to keep accountlng record8 In accordance wlth Sectlon 130 of the 2011 Act. and to prepare account8 whlch accord wlth the aGcountlng racord8 and comply wlth the accountlng r8qulrem8nt8 of the 2011 Act. have not beon m•t; or (2) to whlch, In my oplnlon, att8ntlon 8hould be drawn In order to onable proper under8tandlng of the accounts to be reached. Davle8 Harr18 LLP Charteréd Aceountant• Brullmar House Jubllae Road Mlddloton Manche8t•r M24 2LX 14th February 2025
FRIENDS OF CHEVRON YESHIVA OIVAAT MORDECHAI STATEMEKf OF FINANCIAL ACTivrriE8 YEAR ENDED 31 MARCH 2024 Total Fund• Y•arto Total Fund: Y•ar to 3141124 31.Mar-23 INCOMING RE80URCE8 Incorning r880urco8 from ganoratlng fiJnd8: Voluntary income Investment Incom• 40.171 TOTAL INCOMINO RE8OURCE8 44171 29,644 RE8OURCED EXPENDED Charttabh aGlivitl•8 Gov•mance Costs (100) 1800) TOTAL RE80URCED EXPENDED 1800) (6001 NET MOVEMEpif IN FUND8 FOR THE YEAR RECONCIUATION OF FUNDS Total fund• br(xyJht forward 44671 189,771 140,727 TOTAL FUND8 CARRIED FORWARD 214342 169,771 Th• Stat•m8nt of Flnandal Actlvlt108 Includ88 all galn8 and108808 In the year and th•rofor• a 8talement of total rncOgnid galns arKI1088es ha8 not boon prepar•d. All of th8 abov• amounts rolato toconunulng actlvlll••. Th• rM)to8 on pagoB 8 to 11 frn port of Ihme Ilnandd 6tat•m•nts.
PRIV4D8 OP CHEVRON YE•HIVA QIVAAT MOIIDlleHAI YIAR INDED 11 MARCH 2024 202¥ QURRINT AMIT8 Caoh •t Bank 217,282 172.111 QRllDrr(X8: Amoun¢• falllno du• wllhln •n• ymr. 12,•40) (2WO) NrfouRR6NT A•agY8 214142 11•.771 TQTAL T6 LR88 CURIIINT UABIU71E8 I i NfffAMIT8 PUN Unrn•trlet•d hoomv Fund• 214342 1,771 TOTAL FUND8 Th•oe flnandal •t•t•rmnl• rI appro1 by th• m•mb•rn of th• oomrtlm on th• 141h February 2025 WR N 8trlllNFSLD TRUSTHII Th• no• on piwa ) 11 *>rni yrt oflh••• flnanothl
FRIENDS OF CHEVRON YE8HIVA GIVAAT MORDECHAI NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 1 ACCOUNTING POUCIES 8a•l• of accountlng The flnan(xal statements hav• been prepared under the hl8torical cost convention And In accordance with appllcablo Unltod Klngdom accounting standard8. th ststement of R•c(xnmended Practica "Accounllng and Roportlng by Charltles" 18Bu•d In MarGh 2005 (SORP2005) and tho Charft108 Act 2011. These are onty Included in the SOFA when the charlty ha8 unconditional ontitlement to tho re•aurce8. Danatk>n8 repr••ent volurrtary amounts rec6lvable durfrvJ theyear. Them arn only r•cognl•ad In th• accounts when a commltmont ha8 b••n mad• and thern arn no eondltlon8 to b• m•t rnlatlng to the donatlon whlth rnmaln In tho control oftho charity. Thg charlty donatlom have l)a•n detsilod In not• 4 to the flnancial •tat•ments. FUND ACCOUNTING General unrestrlcted fund8 cornprfso tho accumulated surplu8 or daficit on Income and expenditure account Thay arn available for use at tho dlecretion of the Tru8teo8 In furtharanc• of the g•nornl obJ•ctlv88 of tha charlty. Restrlcted fund8 are fund8 8ubJect to 8pecfflc rn8trf¢Aad conditlon• Irnp08ed by donor8. Thern are no ro8trfct•d funds as at tho Balanco Sho•t date. De8lgnated fund8 are fund8 whlch have boon 8et asldo at the dl8cr•tlon of th• trustO•8 for 8poclflc purp0808. Thor• are d08ignated furKl8 as at tho Balance Shoot data. RESOURCES EXPENDED Liabllltle8 aro rwnl8ed as Soon a8 th•rn18 a l•gal or con•trucllve obligauon commituw Ihe Charlty to pay out re8ource•. Support CO8t8 arn Iho88 costs which are common to all area8 ofthe organijatlon. Th088 are allocated acro88 all areas of aGtivty uglng a m•thod whlch would b• approprfats to the type of expen80. Includo c08ts of the preparatlon and •xamlnation of Statutory Accounts. the c08ts of trustee ma8ting8 and c08t of any legal advlco to tru8ts88 on gov•manc• or con8titutlonal mattgrn.
FRIENDS OF CHEVRON YESHIVA GIVAAT MORDECHAI NOTE8 TO THE FINANCIAL STATEMENT8 (contlnu•d) YEAR ENDED 31 MARCH 2024 2 VOLuKfARY INCOME Unr••trlGt•d Tot•1 Fund• Total Fund• Fund• 2023 Donatlon• Don8 3 COSTS OF CHARITABLE ACTIVITIES BY ACTIVITY TYPE Grnnt Fundlng •Gtlvni•• Total Fund• Total Fund• 2023 FUrthan of J•wl•h r•llglon and •du¢atlon
FRIENDS OF CHEVRON Y&8HIVA QIVAAT MORDECHAI NOTE8 TO THE FINANCIAL STATEMENTS (contlnu•d) YEAR ENDED 31 MARCH 2024 GOVERPIANCE C08TS Unrn•trlct•d Total Fund8 Total Fund• Fund8 2024 2023 Indopendent Examinorn fee8 Intsrn•t payabl• and Simllar charg88 600 800 800 800 800 NET INCOMING RESOURCE8 FOR THE YEAR Th1•18 8tatod after chArglng: Y•ar to 31 March 2024 Y•ar to 31 March 2023 IrKl•pondent Examinatlon of the flnanclal 8tat•rnent8 STAFF C08T8 AND EMOLUMENTS No 8alario8 orwages hav• b•on paid to employ•. Induding th• m•mb•rn ofth• eommltt•8, durfffj tho year. CREDITOR8: Amount• falllng du• wlthln on• y•ar 2024 2023 Accruals UNRE8TRICTED INCOME FUND8 N•t Balanc• at Incomlng 01Apr43 wourc Balanc• at 314Iar44 General Funds 169,771 44.571 214,342 10 ANALYSIS OF NET A88ET8 BETWEEN FUND8 Not curr•nt Total Unrestrlcted Incom8 Fund8 Total Fund• 214 342 214342 214342 10
FRIENDS OF CHEVRON YE8HIVA GIVAAT MORDECHAI NOTE8 TO THE FINANCIAL 8TATEMENT8 (contlnu•d) YEAR ENDED 31 MARCH 2024 11 RELATED PARTY TRAN8ACTION8 No tru8te•s recalved ary remunoratlon durlng tho year. The charlty dkl not meet any Indlvldual expon8e8 incurred by the tru8te88 for services to the charlty. 11