Charity Registration No. 1122011
YAD SHLOMO TRUST
ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2022
YAD SHLOMO TRUST
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees Mr F Getter Mr B Katz Mr B Stern Charity number 1122011 Registered office 86 Amhurst Park London N16 5AR Auditor Glazers 843 Finchley Road NW11 8NA
YAD SHLOMO TRUST
CONTENTS
| Page | |
|---|---|
| Trustees' report | 1 - 2 |
| Statement of trustees' responsibilities | 3 |
| Independent auditor's report | 4 - 7 |
| Statement of financial activities | 8 |
| Balance sheet | 9 |
| Statement of cash flows | 10 |
| Notes to the financial statements | 11 - 17 |
YAD SHLOMO TRUST
TRUSTEES' REPORT
FOR THE YEAR ENDED 31 JANUARY 2022
The trustees present their annual report and financial statements for the year ended 31 January 2022.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing documen t , the Charities Act 2011 and "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
The charity's objects are the advancement of the Orthodox Jewish Faith, the advancement of Orthodox J ewish Religious Education, the relief of poverty, sickness and infirmity amongst members of the Jewish Faith, and such other purposes as are considered charitable in English Law , and there has been no change in these during the year.
The principal activity in achieving the objects is income from the operating of a voucher system, allowing donors control of their giving in an easy manageable, tax efficient manner. Income on the restricted fund comprise gift aided donations into individual and company accounts through the voucher system and on the unrestricted fund other voluntary donations to the charity and fee income from donors to the voucher system.
The trustees have paid due regard to the general guidance on public benefit issued by the Charity Commission in deciding what activities the charity should undertake.
Grants on the unrestricted fund are made at the trustees' discretion from their knowledge of the various institutions, applications by individuals must be accompanied by a letter of recommendation by the applicant's minister or other known religious leader. On the restricted fund grants are made in accordance with the wishes of the donor, subject to the grants being both charitable and in accordance with the charity's objects.
Achievements and performance
In the year under review the charity received donations, administrative fees and interest of £1,637,607 and £1,550,756 was paid out by way of grants and support costs. Grants over £25,000 made during the year to charitable institutions are detailed in the accounts.
Financial review
It is the policy of the charity to maintain unrestricted funds, which are the free reserve, at a level, which the trustees think appropriate after considering future commitments and likely administrative costs for the next year. The amount on this fund was £ 51,319 . Restricted funds relate to funds of donors to the voucher system, at the year end the amount was £ 351,153 .
The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
The trustees anticipate that the charity will continue on a similar basis in the foreseeable future, subject to satisfactory income, there are no plans for any major changes.
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YAD SHLOMO TRUST
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2022
Structure, governance and management
The charity is constituted by a Declaration of Trust dated 5 December 2007 .
The trustees who served during the year and up to the date of signature of the financial statements were: Mr F Getter
Mr B Katz Mr B Stern
The power to appoint new trustees is vested in the current board. It is not the intention of the trustees of the charity to appoint any trustees. Should the situation change in the future, the trustees will apply suitable induction and training procedures. The trustees administer the day to day running of the charity.
The trustees' r eport was approved by the Board of Trustees.
.............................. Mr B Katz Trustee Dated: .........................
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YAD SHLOMO TRUST
STATEMENT OF TRUSTEES' RESPONSIBILITIES
FOR THE YEAR ENDED 31 JANUARY 2022
The trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that year.
In preparing these financial statements, the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping sufficient accounting records that 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, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. 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.
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YAD SHLOMO TRUST
INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF YAD SHLOMO TRUST
Opinion
We have audited the financial statements of Yad Shlomo Trust (the ‘charity’) for the year ended 31 January 2022 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and the notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion, the financial statements:
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give a true and fair view of the state of the charity’s affairs as at 31 January 2022 and of its incoming resources and application of resources, for the year then ended;
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have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
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have been prepared in accordance with the requirements of the Charities Act 2011.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
Other information
The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
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YAD SHLOMO TRUST
INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF YAD SHLOMO TRUST
Matters on which we are required to report by exception
We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:
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the information given in the financial statements is inconsistent in any material respect with the trustees' r eport; or
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sufficient accounting records have not been kept; or
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the financial statements are not in agreement with the accounting records; or
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we have not received all the information and explanations we require for our audit.
Responsibilities of trustees
As explained more fully in the s tatement of trustees' r esponsibilities, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to cease operations, or have no realistic alternative but to do so.
Auditor's responsibilities for the audit of the financial statements
We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below .
In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and noncompliance with laws and regulations, we considered the following:
1) Enquiries of management concerning the charity's policies and procedures relating to:
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identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of non-compliance
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detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud; and
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the internal controls established to mitigate risks related to fraud or non-compliance with laws and regulations;
2) Discussions among the engagement team regarding how and when fraud might occur in the financial statements and any potential indicators of fraud.
In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override.
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YAD SHLOMO TRUST
INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF YAD SHLOMO TRUST
We also obtained an understanding of the legal and regulatory framework that the charity operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included the UK Companies Act and the Charities Act 2011 .
In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which may be fundamental to the charity's ability to operate or avoid a material penalty.
As a result of performing the above, we did not identify any key audit matters related to the potential risk of fraud or non-compliance with laws and regulations.
In addition to the above, our procedures to respond to risks identified included the following:
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Reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements;
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Enquiring of management concerning actual and potential litigation and claims;
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Performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud;
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Reading minutes of meetings of those charged with governance.
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In addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments; assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.
We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members, and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.
We note that our audit is not primarily designed to detect non-compliance with laws and regulations and the Trustees and other management are responsible for such internal control as the Trustees and other management of the Charity determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to errors or fraud, including compliance with laws and regulations. Additionally, owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. We are not responsible for preventing noncompliance and cannot be expected to detect non-compliance with all laws and regulations.
A further description of our responsibilities is available on the Financial Reporting Council’s website at: https:// www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.
Other matter s
Your attention is drawn to the fact that the charity has prepared financial statements in accordance with "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)" (as amended) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.
This has been done in order for the financial statements to provide a true and fair view in accordance with current Generally Accepted Accounting Practice.
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YAD SHLOMO TRUST
INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF YAD SHLOMO TRUST
Use of our report
This report is made solely to the charity’s trustees, as a body, in accordance with part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.
......................... Glazers Chartered Accountants Statutory Auditor 843 Finchley Road London NW11 8NA
Glazers is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a company under of section 1212 of the Companies Act 2006.
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YAD SHLOMO TRUST
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 JANUARY 2022
| Unrestricted Restricted funds funds 2022 2022 Notes £ £ Income from: Donations and legacies 3 13,579 1,556,374 Other trading activities 4 67,638 - Investments 5 16 - Total income 81,233 1,556,374 Expenditure on: Charitable activities 6 40,347 1,510,409 Net incoming resources before transfers 40,886 45,965 Gross transfers between funds (10,396) 10,396 Net income for the year/ Net movement in funds 30,490 56,361 Fund balances at 1 February 2021 20,829 294,792 Fund balances at 31 January 2022 51,319 351,153 |
Total Unrestricted Restricted funds funds 2022 2021 2021 £ £ £ 1,569,953 96,103 1,333,597 67,638 54,909 - 16 52 - 1,637,607 151,064 1,333,597 1,550,756 196,070 1,247,252 86,851 (45,006) 86,345 - 23,661 (23,661) 86,851 (21,345) 62,684 315,621 42,174 232,108 402,472 20,829 294,792 |
Total 2021 £ 1,429,700 54,909 52 1,484,661 1,443,322 41,339 - 41,339 274,282 315,621 |
|---|---|---|
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
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YAD SHLOMO TRUST
BALANCE SHEET
AS AT 31 JANUARY 2022
| Notes Current assets Debtors 12 Cash at bank and in hand Creditors: amounts falling due within one year 13 Net current assets Income funds Restricted funds Unrestricted funds |
2022 £ 20,930 384,992 405,922 (3,450) |
£ 402,472 351,153 51,319 402,472 |
2021 £ 23,911 295,190 319,101 (3,480) |
£ 315,621 294,792 20,829 315,621 |
|---|---|---|---|---|
The financial statements were approved by the Trustees on .........................
.............................. Mr B Katz Trustee
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YAD SHLOMO TRUST
STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 JANUARY 2022
| Notes Cash flows from operating activities Cash generated from operations 16 Investing activities Investment income received Net cash generated from investing activities Net cash used in financing activities Net increase in cash and cash equivalents Cash and cash equivalents at beginning of year Cash and cash equivalents at end of year |
2022 £ 16 |
£ 89,786 16 - 89,802 295,190 384,992 |
2021 £ 52 |
£ 33,589 52 - 33,641 261,549 295,190 |
|---|---|---|---|---|
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YAD SHLOMO TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2022
1 Accounting policies
Charity information
Yad Shlomo Trust is a charity governed by a declaration of trust.
1.1 Accounting convention
The financial statements have been prepared in accordance with the charity's governing document, the Charities Act 2011 and “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)” (as amended for accounting periods commencing from 1 January 2016). The charity is a Public Benefit Entity as defined by FRS 102.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The financial statements are prepared in sterling , which is the functional currency of the charity . Monetary a mounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2 Going concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
1.4 Incoming resources
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods and services provided in the normal course of business, net of discounts.
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YAD SHLOMO TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2022
1 Accounting policies
(Continued)
1.5 Resources expended
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.
1.6 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.7 Financial instruments
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity 's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future p aymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the charity ’s contractual obligations expire or are discharged or cancelled.
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YAD SHLOMO TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2022
2 Critical accounting estimates and judgements
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources.
The preparation of the se financial statements did not require management to make judgements, estimates or assumptions that affect the amounts reported.
3 Donations and legacies
| Unrestricted | Restricted | Total |
Total | |
|---|---|---|---|---|
| funds | funds | |||
| 2022 | 2022 | 2022 |
2021 | |
| £ | £ | £ |
£ | |
| Donations and gifts | 13,579 | 1,435,210 | 1,448,789 |
1,339,851 |
| Taxation recovered on Gift aid donations | - | 121,164 | 121,164 |
89,849 |
| 13,579 | 1,556,374 | 1,569,953 |
1,429,700 | |
| For the year ended 31 January 2021 | 96,103 | 1,333,597 | 1,429,700 | |
| Other trading activities | ||||
| Unrestricted | Unrestricted | |||
| funds | funds | |||
| 2022 | 2021 | |||
| £ | £ | |||
| Administration fees | 67,638 | 54,909 | ||
| Investments | ||||
| Unrestricted | Unrestricted | |||
| funds | funds | |||
| 2022 | 2021 | |||
| £ | £ | |||
| Interest receivable | 16 | 52 |
4 Other trading activities
5 Investments
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YAD SHLOMO TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2022
6 Charitable activities
| Relief of Poverty Education Advancement of Religion 2022 2022 2022 £ £ £ Grant funding of activities (see note 7) 672,046 698,793 89,497 Share of support costs (see note 8) - - - Share of governance costs (see note 8) - - - 672,046 698,793 89,497 Analysis by fund Unrestricted funds 8,000 13,577 4,003 Restricted funds 664,046 685,216 85,494 672,046 698,793 89,497 For the year ended 31 January 2021 Relief of Poverty Education Advancement of Religion £ £ £ Grant funding of activities (see note 7) 574,928 726,989 81,622 Share of support costs (see note 8) - - - Share of governance costs (see note 8) - - - 574,928 726,989 81,622 Analysis by fund Unrestricted funds 68,399 98,420 5,310 Restricted funds 506,529 628,569 76,312 574,928 726,989 81,622 |
Medical 2022 £ 75,653 - - 75,653 - 75,653 75,653 Medical £ 47,542 - - 47,542 11,700 35,842 47,542 |
Support Costs 2022 £ - 11,317 3,450 14,767 14,767 - 14,767 Support Costs £ - 8,941 3,300 12,241 12,241 - 12,241 |
Total 2022 £ 1,535,989 11,317 3,450 1,550,756 40,347 1,510,409 1,550,756 Total 2021 £ 1,431,081 8,941 3,300 1,443,322 196,070 1,247,252 1,443,322 |
||
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YAD SHLOMO TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2022
7 Grants payable
| Grants to institutions: Amud Hatzdokoh Trust Support The Charity Worker Chevras Mo'oz Ladol Ben Amram Charitable Trust Friends Of Yeshiva Gedolah Sevenoaks Chasdei Aharon Limited Yesamach Levav Edupoor Limited Shir Chesed Beis Yisroel The Rehabilitation Trust Talmud Torah Beis Shlomo Limited Binyen Torah Limited Hatzola Trust Ltd Chasdei Sorele Zlotchiv Other Grants to individuals |
Relief of Poverty Education Advancement of Religion 2022 2022 2022 £ £ £ 103,446 - - 61,150 - - 58,163 - - - 45,243 - - 40,769 - - 58,181 - 37,056 - - 34,889 - - - 28,171 - 34,861 - - - 26,403 - 25,788 - - - - - - - - - - 15,072 312,985 500,026 74,425 668,338 698,793 89,497 3,708 - - 672,046 698,793 89,497 |
Medical 2022 £ - - - - - - - - - - - - 19,731 15,200 - 40,722 75,653 - 75,653 |
Total 2022 £ 103,446 61,150 58,163 45,243 40,769 58,181 37,056 34,889 28,171 34,861 26,403 25,788 19,731 15,200 15,072 928,158 1,532,281 3,708 1,535,989 |
Total 2021 £ 93,575 42,665 38,431 56,493 - - - 52,620 - 42,431 45,198 - - - - 1,035,761 1,407,174 23,907 1,431,081 |
|---|---|---|---|---|
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YAD SHLOMO TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2022
| 8 Support costs Support costs Governance costs 2022 Support costs Governance costs £ £ £ £ £ General Office 10,517 - 10,517 7,141 - Software 800 - 800 1,800 - Audit fees - 1,440 1,440 - 1,440 Accountancy - 1,800 1,800 - 1,680 Legal and professional - 210 210 - 180 11,317 3,450 14,767 8,941 3,300 Analysed between Charitable activities 11,317 3,450 14,767 8,941 3,300 9 Net movement in funds 2022 £ Net movement in funds is stated after charging/(crediting) Fees payable to the company's auditor for the audit of the company's financial statements 1,440 |
2021 £ 7,141 1,800 1,440 1,680 180 12,241 12,241 2021 £ 1,440 |
|---|---|
10 Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
11 Employees
The average monthly number of employees during the year was:
| The average monthly number of employees during the year was: | |||
|---|---|---|---|
| 2022 | 2021 | ||
| Number | Number | ||
| Total | - | - | |
| There were no employees whose annual remuneration was more than £60,000. | |||
| 12 | Debtors | ||
| 2022 | 2021 | ||
| Amounts falling due within one year: | £ | £ | |
| Other debtors | 20,930 | 23,911 |
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YAD SHLOMO TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2022
13 Creditors: amounts falling due within one year
| Other creditors 14 Analysis of net assets between funds Unrestricted fund Restricted fund 2022 2022 £ £ Fund balances at 31 January 2022 are represented by: Current assets/(liabilities) 51,319 351,153 51,319 351,153 |
2022 £ 3,450 Total 2022 £ 402,472 402,472 |
2021 £ 3,480 Total 2021 £ 315,621 315,621 |
|
|---|---|---|---|
15 Related party transactions
There were no disclosable related party transactions during the year (2021 - none) .
| 16 Cash generated from operations Surplus for the year Adjustments for: Investment income recognised in statement of financial activities Movements in working capital: Decrease/(increase) in debtors (Decrease) in creditors Cash generated from operations 17 Analysis of changes in net funds The charity had no debt during the year. |
2022 £ 86,851 (16) 2,981 (30) 89,786 |
2021 £ 41,339 (52) (7,698) - 33,589 |
|---|---|---|
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