ATERES YOEL
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
CHARITY NUMBER 1121574
ATERES YOEL
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
Contents
| Trustees Report | 3 |
|---|---|
| Independent Examiners Report | 7 |
| Statement of Financial Activities | 8 |
| Balance Sheet | 9 |
| Notes to the Accounts | 10 |
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ATERES YOEL
REPORT OF THE TRUSTEES FOR THE YEAR ENDED
31 AUGUST 2024
The trustees of the charity present their annual report under the Charities Act 2011 and the financial statements for the year ended 31 August 2024 and confirm that the latter comply with the requirements of the Act, the Trust Deed and the Charities SORP 2005.
REFERENCE AND ADMINISTRATIVE INFORMATION
Trustees Y E Friedman A Melul S Friedman M Meyer Chief Executive Officer Y E Friedman Correspondent Y E Friedman Charity Address 63 Leicester Rd Salford M7 4DA Charity No. 1121574 Accountants B Olsberg FCA B Olsberg & Co Statutory Auditors Enterprise House 3 Middleton Road Manchester M8 5DT Examiners B Olsberg FCA B Olsberg & Co Statutory Auditors Enterprise House 3 Middleton Road Manchester M8 5DT
The Charity was founded on 3 August 2007 and is registered with the Charity Commission.
STRUCTURE, GOVERNANCE AND MANAGEMENT
GOVERNING DOCUMENT
The charity is governed by its Trust Deed dated 3 August 2007 which has not been amended.
GOVERNING BODY
The structure of the Charity consists of four trustees. The board of Trustees is authorised to appoint new Trustees to fill vacancies arising through resignation or death of an existing trustee.
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TRUSTEES
The trustees have complied with guidance published by the Charity Commission.
TRUSTEES INDUCTION AND TRAINING
Most trustees are already familiar with the practical work of the charity having received guidance from the existing trustees prior to appointment. New trustees are further encouraged to attend training sessions organised by the charity.
ORGANISATIONAL MANAGEMENT
The Trustees of the Charity, are legally responsible for the overall management and control of the Charity and meet regularly.
RISK MANAGEMENT
The trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining reserves at current levels combined with an annual review of the controls over key financial systems, will provide sufficient resources in the event of adverse conditions.
OBJECTS, AIMS, OBJECTIVES AND ACTIVITIES
The charity is constituted by Trust Deed and its objects are to promote, encourage and support the furtherance of Orthodox Jewish Religious Education and to promote the relief of poverty amongst persons of the Jewish faith.
The policy of the Charitable Trust continues to be to support these activities, and to this end the Trustees collect and distribute funds.
It is intended to continue with the Trusts current activities.
The charity is organised so that the trustees meet regularly to manage its affairs. Administration of the charity is dealt with by the trustees
PUBLIC BENEFIT
The trustees confirm that they have referred to the guidance contained in the Charity Commissions general guidance on public benefit when reviewing the charity’s aims and objectives and in planning future activities.
AIMS AND INTENDED IMPACT
Within these objects, the trustee's aim is to provide funds to continue its activities.
OBJECTIVES FOR THE YEAR
The aim this year is to continue to promote its objectives.
STRATEGIES TO ACHIEVE THE YEAR'S OBJECTIVES
These included meetings and appeals with potential donors.
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PRINCIPAL ACTIVITIES OF THE YEAR
The charity collected funds during the year which were sufficient to meet its objectives.
GRANT MAKING POLICY
The policy is to provide funds for the purposes of promoting the furtherance of the Orthodox Jewish Religion and the relief of poverty.
REVIEW AND ACHIEVEMENTS AND PERFORMANCE FOR THE YEAR FINANCIAL REVIEW
Transactions and Financial Position
The Statement of Financial Activities shows a total income of £97,555 (2023 - £76,026) and resources expended were £97,344 (2022 - £78,857) leaving a surplus of £211 (2023 - deficit of £2,816) for the year.
Funds available are sufficient to permit the charity to continue in operation and to carry on the same level of funding.
FINANCIAL REVIEW AND RESULTS FOR THE YEAR
The Trustees consider that the performance of the charity this year has been satisfactory. There were no significant changes in the year. The nature of the distributions were in line with the constitution and objects of the charity.
This is in line with the wishes of the Trustees who constantly review the effectiveness of the charity and approve the scope of their activities.
RESERVES POLICY
The trustees intend to fully distribute their income where possible.
INVESTMENT POLICY AND OBJECTIVES
Under the Trust Deed the charity has the power to make any investment which the trustees see fit but no investments are currently held.
FUTURE PLANS
The trustee's plans are to continue to collect donations to support its objectives.
ACCOUNTING AND REPORTING RESPONSIBILITIES
The trustees are required by Charity law to prepare financial statements for each financial year which give a true and fair view of the financial activities of the charity and of its financial position at the end of the year. In preparing those financial statements the trustees are required to:
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(a) select suitable accounting policies and apply them consistently;
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(b) make judgments and estimates that are reasonable and prudent;
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(c) follow applicable accounting standards and statements of recommended practice, disclosing and explaining any departures in the financial statements.
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- (d) Prepare the financial statements on a going concern basis unless it is inappropriate to assume that the charity will continue in operation.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
This report has been prepared in accordance with the SORP March 2005.
Approval
The report was approved by the trustees on 16 June 2025 and signed on its behalf.
Trustee Y M Friedman
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ATERES YOEL INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES
I report to the trustees of Ateres Yoel on the accounts for year ended 31 August 2024 set out on pages 8-10.
RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER
The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is my responsibility to:
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Examine the accounts under section 145 of the 2011 Act;
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To follow the procedures laid down in the general Directions given by the Charity Commission under section 145 (5)(b) of the 2011 Act; and
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To state whether particular matters have come to my attention.
BASIS OF INDEPENDENT EXAMINER'S REPORT
My examination was carried out in accordance with the general Directions given by the Charity. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seek explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a “true and fair view” and the report is limited to those matters set out in the statement below.
INDEPENDENT EXAMINER'S STATEMENT
In the course of my examination, no matter has come to my attention.
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which gives me reasonable cause to believe that in any material respect the requirement:
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to keep accounting records in accordance with Section 130 of the 2011 Act and
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to prepare accounts which accord with the accounting records and comply with the requirements of the 2011 Act.
have not been met, or
- to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
B Olsberg FCA Enterprise House 3 Middleton Road Manchester M8 5DT 16 June 2025
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ATERES YOEL
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2024
| Note 2024 Income and Expenditure £ UNRESTRICTED FUNDS Incoming Resources Donations Received 97,555 Bank Interest Received - 97,555 Less Resources Expended Donations paid 2 96,792 96,792 Management & Administration Bank Charges - Accountancy 432 Stationery - Independent Examiners Fee 120 552 Total Resources Expended 97,344 Net Movement of Funds for the year Income/(Shortfall) 211 Balance Brought Forward 17,035 Funds Balance C/F 17,246 |
2023 £ 76,026 15 |
|---|---|
| 76,041 | |
| 77,479 | |
| 77,479 | |
| 45 473 740 120 |
|
| 1,378 | |
| 78,857 | |
| (2,816) 19,851 17,035 |
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ATERES YOEL
BALANCE SHEET AS AT 31 AUGUST 2024
| NOTE Fixed Assets Library Current Assets Bank Debtors CREDITORS: due within one year 4 Net Current Assets Total Assets Less Current Liabilities Unrestricted Funds |
2024 £ 14,880 3,386 360 3,746 (1,380) 2,366 17,246 17,035 |
2023 £ 14,880 2,275 360 2,635 (480) 2,155 17,035 17,035 |
2023 £ 14,880 2,275 360 2,635 (480) 2,155 17,035 17,035 |
|---|---|---|---|
| 2,155 | |||
| 17,035 | |||
| 17,035 |
Signed on behalf of the board of trustees
Trustee………………………………………….. Date 16 June 2025
The notes form part of these accounts
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ATERES YOEL
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
1 . ACCOUNTING POLICIES
Accounting convention
The financial statements have been prepared under the historical cost convention and comply with the Statement of Recommended Practice 2005 'Accounting and Reporting by Charities'.
Incoming Resources
Voluntary income is received by way of donations and gifts and is included gross in the Statement of Financial Activities.
Unrestricted Fund
Unrestricted funds are donations and other income received or generated for the charitable purposes.
Resources Expended
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category.
Management and administration
Management and administration costs of the charity relate to the central costs of management including the costs of meetings, independent examiners fees and statutory compliance.
2. DIRECT CHARITABLE EXPENDITURE
| Charitable Distributions 3. STAFF COSTS There were no staff costs in the year. |
96,792 96,792 |
|---|---|
Administration of the charitable trust was done by the trustees.
The trust did not use any unpaid volunteers. No trustee received or waived any remuneration during the year, nor was any trustee reimbursed for any outof-pocket expenses incurred.
| 4. | CREDITORS | 2024 | 2023 |
|---|---|---|---|
| £ |
£ | ||
| Expenses accrued | 960 | 480 |
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