Registered Cliarity No. 1123199 CHATZI SHEKEL FOUNDATION Financial Statements For the year ended 31 March 2024 SEFfoN YODAIKEN & CO Chartered Accountants Fairways House George Street Prestwich Manchester M25 9WS
• Chatzi Shekel Foundation • Annual Report For the year ended 31 March 2024 The Chatzi Shekel Foundation is constitutsd by Deed of Trust and is a i'egistered charity, number 1123199. The charity trustees during the year were: Mr Isaac Bamberger Mrs Leah Malka Bamberger The object of the charity is: provision of facilities and services for education services in accordance with the Trust Deed. the relief of needy peisons fi'om the Jewish commuiiity in the Maiichester area by the provision of financial assistance and such other help calculated to ielive their suffering. such other purposes as are recognised by English law as chai'itable. The administralion of the trust is carried out by the Trustees. Reseives of cash are maintained to ensure that the charity meets its obligations. For and on behalf of the Board of Trustees MI" ID Bamberger 28 January 2025
. Chatzi Shekel Foundation" Statement of Financial Activities For the year ended 31 March 2024 2024 2023 Notes Incoming resources Voluntary llicome Investment income 224,000 66,388 583,700 58,316 290,388 642,016 Resource expeiidilure Donations Cost of services Governance costs 291,702 15,562 1,377 503,482 13,202 717 308,641 517,401 Surplus/ (deficit) for the year Total funds B/F (18,254) 2/08,631 124,615 2,684,016 Total funds C/F 2,790,377 2,808,631
•Chatzi Shekel Foundation • Balance Sheet As at 31 March 2024 Unrestricted Funds 2024 Unrestricted Funds 2023 Notes Fixed assets Tangible fixed assets 1,490,177 1,490,177 Current assets Debtors Cash in bank 1,273,609 27,911 1,569,640 211,721 1?01,520 (1,320) 1,781,361 (462,907) Creditors: due in one year 1300,2(Kl 1,318,454 2,790277 2,808,631 Surplus of funds Uni'estricted 2,790,377 2,808,631 Approved by the trteeS and signed on their behalf, 28 Jaiiuary 2025. ID Bamberger Trustee
• Chatzi Shekel Foundation" Notes to the Accounts For the year ended 31 March 2024 l. Accounting Policies These accounts have been prepared under the historical cost convention and in accordance with applicable accounting standards and the charities statement of recommended practise on accounting by charities (Charities SORP FI£S 102) and the Charities Act 2011). 2. Trustees No remuneration was paid and no expenses were reimbursed to the trustees during the year. Fixed assets Land and buildings Value B/F Additions 1,490,177 1,490,177 Depreciation Charge for the year Net book value 31 March 2024 1,490,177 31 March 2023 1,490,177 4. Debtors 2024 2023 Other debtors 1,273,609 1,569,640 5. Creditor8 2024 2023 Trade creditoi's Othei creditors 1,320 1,560 461,347 lJ20 462,907
. Cliatzi Shekel Foundation. Notes to the Accounts For the year ended 31 March 2024 Voluntary income 2024 2023 Cash donations Gift of UK property 224,000 463,700 120,000 583,700 583,700 Investment income 2024 2023 Rental income 66,388 58,316 Governance costs 2024 2023 Accountancy Bank charges 1200 177 520 197 1277 717
•Chatzi Shekel Foundation• Independent Examiner's Repoit to the Trustees I report on the accounts of the trust for the year ended 31 March 2024, which are set out on page5 1 to 2. Respective Responsibilities of Trnstees and Examiner As the charity's trustees you are responsible for the preparation of the accounts. You consider that the audit requirement of Section 144 of the Charities Act 2011 does not apply. It is my iesponsibility to state, on the basis of procedures specified in the general dii'e.r.tions given by the charity conimissioners under section 145(5)(b) of the Act, whether partioular matters have come to my attention. Basis of Independent Examinerfs Report My examination was cai'ried out in accordance with the general directions given by the charity commissionerg. An examination includes a review of the accounting records kept by the charity and a compartson of the accounts presented with those iecords. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations fi'om you as trustees concerning any such Matters. The pror.edures undertaken do not provide au the evide.nc.e that would be required by an audit, and consequentLy do not express an audit opinion on the vlew given by the accounts. Independent Examlnerfs Statement In connection with my examinatton, no matter has come to my attention.. which give5 me reasonable cause to believe that in any material respect tlie requiJements (i) to keep accounting records in accordance with section 130 of the Act; and to prepare accounts which accord with the accounting recoids and comply with the accounting requirement of the 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. Mr. S. Yodaiken Sefton Yodaiken & Co Chartered Accountants and Con$tantS Fairways House George Street Prestwich, Manchester M25 9WS