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← Yad Shlomo Trust

2025-01-31-accounts

Charity registration number 1122011

YAD SHLOMO TRUST

ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025

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 Accountants Precision Ltd 32 Castlewood Road London N16 6DW

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 - 18

YAD SHLOMO TRUST

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 JANUARY 2025

The trustees present their annual report and financial statements for the year ended 31 January 2025.

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 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)" (effective 1 January 2019).

Objectives and activities

The charity's objects are the advancement of the Orthodox Jewish Faith, the advancement of Orthodox Jewish 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 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 £2,065,790 (2024: £1,737,478) and £1,972,249 (2024: £1,874,117) was paid out by way of grants and support costs. Grants over £30,000 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 £3,700. Restricted funds relate to funds of donors to the voucher system, at the year end the amount was £477,430.

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.

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

YAD SHLOMO TRUST

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2025

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' report was approved by the Board of Trustees.

.............................. Mr B Katz Trustee Dated: ......................... Nov 27,

YAD SHLOMO TRUST

STATEMENT OF TRUSTEES' RESPONSIBILITIES

FOR THE YEAR ENDED 31 JANUARY 2025

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:

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.

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 2025 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:

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.

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:

YAD SHLOMO TRUST

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF YAD SHLOMO TRUST

Responsibilities of trustees

As explained more fully in the statement of trustees' responsibilities, 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:

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.

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:

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 non-compliance 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 matters

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.

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.

......................... Mr Philippe Herszaft (Senior Statutory Auditor) For and on behalf of 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.

YAD SHLOMO TRUST

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 JANUARY 2025

Unrestricted
Restricted
funds
funds
2025
2025
Notes
£
£
Income from:
Donations and
legacies
4
198,563
1,778,401
Other trading
activities
3
86,530
-
Investments
5
2,296
-
Total income
287,389
1,778,401
Expenditure on:
Charitable activities
6
308,119
1,664,130
Net (outgoing)/incoming
resources before
transfers
(20,730)
114,271
Gross transfers
between funds
9,811
(9,811)
Net (expenditure)/income
for the year/
Net movement in funds
(10,919)
104,460
Fund balances at 1
February 2024
14,619
372,970
Fund balances at 31
January 2025
3,700
477,430		 Total
Unrestricted
Restricted
funds
funds
2025
2024
2024
£
£
£
1,976,964
181,969
1,473,300
86,530
80,494
-
2,296
1,715
-
2,065,790
264,178
1,473,300
1,972,249
261,870
1,612,247
93,541
2,308
(138,947)
-
(22,330)
22,330
93,541
(20,022)
(116,617)
387,589
34,641
489,587
481,130
14,619
372,970		 Total
2024
£
1,655,269
80,494
1,715
1,737,478
1,874,117
(136,639)
-
(136,639)
524,228
387,589

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

YAD SHLOMO TRUST

BALANCE SHEET

AS AT 31 JANUARY 2025

2025 2024
Notes £ £ £ £
Fixed assets
Tangible assets 13 12,770 18,196
Current assets
Debtors 14 44,599 24,610
Cash at bank and in hand 429,941 350,963
474,540 375,573
Creditors: amounts falling due within
one year 15 (6,180) (6,180)
Net current assets 468,360 369,393
Total assets less current liabilities 481,130 387,589
Income funds
Restricted funds 477,430 372,970
Unrestricted funds 3,700 14,619
481,130 387,589

The financial statements were approved by the Trustees on .........................

.............................. Mr B Katz Trustee

YAD SHLOMO TRUST

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 JANUARY 2025

Notes
Cash flows from operating activities
Cash generated from/(absorbed by)
operations
18
Investing activities
Purchase of tangible fixed assets
Investment income received
Net cash generated from/(used in)
investing activities
Net cash used in financing activities
Net increase/(decrease) in cash and cash
equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year		 2025
£
-
2,296		 £
76,682
2,296
-
78,978
350,963
429,941		 2024
£
£
(111,241)
(9,580)
1,715
(7,865)
-
(119,106)
470,069
350,963

YAD SHLOMO TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025

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 amounts 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.

YAD SHLOMO TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2025

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 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computers

20% Straight Line Method

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8 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.

1.9 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.

YAD SHLOMO TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2025

1 Accounting policies

(Continued)

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 payments 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.

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 these financial statements did not require management to make judgements, estimates or assumptions that affect the amounts reported.

3 Other trading activities

**Unrestricted ** Unrestricted
funds funds
2025 2024
£ £
Administration fees 86,530 80,494

4 Donations and legacies

Unrestricted
Restricted
funds
funds
2025
2025
£
£
Donations and gifts
179,702
1,645,691
Taxation recovered on Gift aid donations
18,861
132,710
198,563
1,778,401
For the year ended 31 January 2024
181,969
1,473,300		 Total
2025
£
1,825,393
151,571
1,976,964		 Total
2024
£
1,543,336
111,933
1,655,269
1,655,269

YAD SHLOMO TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2025

5 Investments

**Unrestricted ** Unrestricted
funds funds
2025 2024
£ £
Interest receivable 2,296 1,715

6 Charitable activities

Depreciation and
impairment
Grant funding of
activities (see note 8)
Share of support costs
(see note 7)
Share of governance
costs (see note 7)
Analysis by fund
Unrestricted funds
Restricted funds		 Relief of
Poverty
Education Advancement of
Religion
2025
2025
2025
£
£
£
-
-
-
967,186
615,764
248,692
-
-
-
-
-
-
967,186
615,764
248,692
115,259
119,310
14,335
851,927
496,454
234,357
967,186
615,764
248,692		 Medical
2025
£
-
103,222
-
-
103,222
21,830
81,392
103,222		 Support
Costs
2025
£
5,426
-
22,731
9,228
37,385
37,385
-
37,385		 Total
2025
£
5,426
1,934,864
22,731
9,228
1,972,249
308,119
1,664,130
1,972,249

YAD SHLOMO TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2025

6
Charitable activities
For the year ended 31 January 2024
Relief of
Poverty
Education Advancement
of Religion
£
£
£
Depreciation and
impairment
-
-
-
Grant funding of activities
(see note 8)
597,994
789,861
269,591
Share of support costs
(see note 7)
-
-
-
Share of governance costs
(see note 7)
-
-
-
597,994
789,861
269,591
Analysis by fund
Unrestricted funds
66,146
98,497
26,050
Restricted funds
531,848
691,364
243,541
597,994
789,861
269,591
7
Support costs
Support
costs
Governance
costs
2025
£
£
£
General Office
22,208
-
22,208
Software
523
-
523
Audit fees
-
1,500
1,500
Accountancy
-
4,680
4,680
Legal and professional
-
3,048
3,048
22,731
9,228
31,959
Analysed between
Charitable activities
22,731
9,228
31,959		 (Continued)
Medical
Support
Costs
Total
2024
£
£
£
-
5,426
5,426
184,628
-
1,842,074
-
15,859
15,859
-
10,758
10,758
184,628
32,043
1,874,117
39,134
32,043
261,870
145,494
-
1,612,247
184,628
32,043
1,874,117
Support
costs
Governance
costs
2024
£
£
£
13,818
-
13,818
2,041
-
2,041
-
1,500
1,500
-
4,680
4,680
-
4,578
4,578
15,859
10,758
26,617
15,859
10,758
26,617		 (Continued)
Medical
Support
Costs
Total
2024
£
£
£
-
5,426
5,426
184,628
-
1,842,074
-
15,859
15,859
-
10,758
10,758
184,628
32,043
1,874,117
39,134
32,043
261,870
145,494
-
1,612,247
184,628
32,043
1,874,117
Support
costs
Governance
costs
2024
£
£
£
13,818
-
13,818
2,041
-
2,041
-
1,500
1,500
-
4,680
4,680
-
4,578
4,578
15,859
10,758
26,617
15,859
10,758
26,617
1,874,117
261,870
1,612,247
1,874,117
2024
£
13,818
2,041
1,500
4,680
4,578
26,617
26,617

YAD SHLOMO TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2025

8 Grants payable

Relief of
Poverty
Education Advancement
of Religion
Medical
2025
2025
2025
2025
£
£
£
£
Grants to institutions:
Amud Hatzdokoh Trust
182,678
-
-
-
Chevras Mo'oz Ladol
82,486
-
-
-
Mifal Hachesed
Vehatzdokoh
75,852
-
-
-
Friends of Beis Soroh
Schneirer
-
71,857
-
-
Friends of Beis Chinuch
Lebonos Trust
-
49,553
-
-
Yeshuos Shabbos
47,070
-
-
-
Beis Aharon TT Activity
Centre
-
47,039
-
-
Friends of Mercaz Hatorah
Belz Macnivka
-
-
43,157
-
Mifal Tzedoko V'chesed
Limited
42,548
-
-
-
Yesamach Levav
39,874
-
-
-
Hachzokas Torah Vechesed
Charity
-
38,618
-
-
Chasdei Aharon Ltd
38,561
-
-
-
Chasdei Sholom
-
37,176
-
-
Yad Vochessed Association
Ltd
31,868
-
-
-
A T.I.M.E. Limited
-
-
-
21,678
Other
409,273
371,521
205,535
81,544
950,210
615,764
248,692
103,222
Grants to individuals
16,976
-
-
-
967,186
615,764
248,692
103,222
9
Net movement in funds
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
Depreciation of owned tangible fixed assets		 Total
2025
£
182,678
82,486
75,852
71,857
49,553
47,070
47,039
43,157
42,548
39,874
38,618
38,561
37,176
31,868
21,678
1,067,873
1,917,888
16,976
1,934,864
2025
£
1,500
5,426		 Total
2024
£
160,822
73,739
61,902
52,528
-
-
50,767
45,360
41,988
34,817
29,795
-
-
-
52,046
1,240,574
1,842,074
-
1,842,074
2024
£
1,500
5,426

YAD SHLOMO TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2025

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:

2025 2024
Number Number
Total - -

There were no employees whose annual remuneration was more than £60,000.

12 Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

13 Tangible fixed assets

13 Tangible fixed assets
Computers
£
Cost
At 1 February 2024 27,132
At 31 January 2025 27,132
Depreciation and impairment
At 1 February 2024 8,936
Depreciation charged in the year 5,426
At 31 January 2025 14,362
Carrying amount
At 31 January 2025 12,770
At 31 January 2024 18,196
14 Debtors
2025 2024
Amounts falling due within one year: £ £
Other debtors 44,599 24,610

YAD SHLOMO TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 JANUARY 2025

15 Creditors: amounts falling due within one year

Other creditors
16
Analysis of net assets between funds
Unrestricted
fund
Restricted
fund
2025
2025
£
£
Fund balances at 31 January 2025 are
represented by:
Tangible assets
12,770
-
Current assets/(liabilities)
(9,070)
477,430
3,700
477,430
17
Related party transactions
There were no disclosable related party transactions during the year (2024 - none).
18
Cash generated from operations
Surplus/(deficit) for the year
Adjustments for:
Investment income recognised in statement of financial activities
Depreciation and impairment of tangible fixed assets
Movements in working capital:
(Increase)/decrease in debtors
(Decrease) in creditors
Cash generated from/(absorbed by) operations
19
Analysis of changes in net funds
The charity had no debt during the year.