CHARITY REGISTRATION NUMBER: 1124093 S & J CHARITABLE TRUST UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRLL 2024 COHEN ARNOLD Chartered accountants New Burlington House 1075 Finchley Road LONDON NWII OPU
S & J CHARITABLE TRUST FINANCIAL STATEMENTS YEAR EIYDED 5 APRIL 2024 PAGES Trustees, Annual Report Independent Exarniner's Report to the Trustees Statement of Financial Activities Ito3 Statement of Financial Position Notes to the Financial Statements 7toll
S & J CHARITABLE TRUST TRUSTEES, ANNUAL REPORT YEAR ENDED 5 APRIL 2024 The teeS present their report and the unaudited financial statements of the charity for the year ended 5 April 2024. REFERENCE AND ADTrttNISTRATIVE DETAILS Registered charity name Charity registration number Principal office S & J Charitable Trust 1124093 21 Castlcwood Road London N166DL The trustees S Sinitsky D Hochauser Y M Lobcnstein Independent examiner David Goldberg FCA Cohen Arnold New Burlington House 1075 Finchley Road LONDON NWII OPU STRUCTURE, GOVERNANCE AND MANAGEMEiYr Governing Document The charity is a registered charity and is governed by its Trust Deed dated 7 March 2008 and is an unincorporated charity registered with the Charity Commission (Registration No. 1124093). OrgaDisation The charity is administered by the governors who are the trustees. Every trustee holds office until he/she shall die or shall cease to hold office by virtue of the Trust Deed. The day-to-day affairs of the charity are administered by the trustees whose Chair is Pth S Sinitsky. All trustees give their time voluntarily and no benefit or expense was paid to them in the year. Where there is a requirement for new trustees, these would be identified and appointed by the existing tnjstees. The chair of trustees would be responsible for the induction of any new trustcc, which involves awareness of a trustee's responsibilities, the governing docutnent, administrative procedures. and the history and philosophical approach of the charity. A new trustcc would receive copics of the previous ycarfs annual report and accounts. with detailed explanation thereof. Risk Management The trustees have id¢ntified and reviewed th¢ major risks to which the charity is cxposed, in particular those related to the operations and finance of the charity. and are satisfied that systems are in place to mitigate those risks. It is recognised that systems can only provide reasonable but Dot absolute assurance that major risks have been adequately managed.
S & J CHAIUTABLE TRUST TRUSTEES, ANNUAL REPORT (continued) YEAR ENDED 5 APRIL 2024 OBJECTIVES AND ACTIVITIES The Trust is established to further those purposes both in the United Kingdom and abroad recognised as charitable by English Law. In furtherance of these objects, the charity receives incom¢ from voluntary donations which it utilises in the provision and distribution of grants, donations for charitable purposcs. The Trustecs confirni that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the Trust's aims and objectives and in planning future activities and setting the grant Tnaking policy for the year. Grant Making Policy The Trust has established its grant making policy to achicve its objects for the public benefit. The charity acccpts applications for grants from representatives of Orthodox Jewish Charities. which are reviewed by the trustees on a regular basis. The charity applies the income it receives mainly from voluntary donations in the provision and distribution of grants and donations to Orthodox Jewish Charities. ACHtEVEMEIYTS AND PERFORMAI¥CE The main areas of charitable activity are the provision of financial support. During the year the charity has continued its philanthropic activities and has maintained its support of established Jewish organisations engaging in education, advancement of religion in accordance with the Jewish faith and the giving of philanthropic aid to the Jewish ne¢dy. The reserves remain available to organisations engaging in activities compatible with the aims and objectives of the charity. The trustees expect such demands to increase in future years. The financial results of the charity for the year ended 5 April 2024 are fully reflected in the attached Financial Ststements together with the Notes thereon. Charitable donations in the year totalled £69,457 (2023 - £54,405). FINANCIAL REVIEW Financial Position The financial position of the charity is satisfactory. The Statement of Financial Activities shows a net expenditure for the year of £8,833 (2023 income £564) and total reserves of £2,064 (2023 - £10,897). Reserves Pollcy The Reserves Policy of the trustees is to maintain unrestricted funds, which are the free reservcs of the charity, at a level they consider appropriate to th¢ charity's needs taking into account likely future rcquirements. A proportion of thc reserves is held in readily realisablc fonn to covcr on-going grant-making activities and contingencies arising from additional calls made upon the charity for th¢ support of organisations in timcs of need. The chariws serveS are repr¢s¢Dted by unrcstricted funds arising from past operating results. The trustees are satisfied that the present balance of distributable reserves is sufficient to support anticipated expenditure. net
S & J CHARITABLE TRUST TRUSTEES, ANNUAL REPORT (eortlillued) YEAR ENDED 5 APRIL 2024 FINANCIAL REVIEW (eonlinued) As at 5 April 2024, the charity has free reserves of £2,064. Principal Funding Sources The charitys principal funding sources in the year were from voluntary donations. InVtMent Policy and Objectives Under the Trust D¢¢d, the charity has the power to make any invcstmcnt which the trustees see fit provided any moneys arc not immediately required for use in connection with any of its objects. PLANS FOR FUTURE PERIODS The trustees plan continuing the activities outlined above in the forthcoming years subject to satisfactory incoming resources to continue making distributions in accordance with their grant-making policy and to ensure that the ability to generate sufficient income is rnaintained to achieve that end. The trustees, annual report was approved on zg MrtwJ..2ozF and signed on behalf of the board of trustees by: S Sinitsky Trustee
S & J CHARITABLE TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF S & J CHARITABLE TRUST YEAR ENDED 5 APRIL 2024 I report to the trustees on my examination of the fmancial statements of S & J Charitable Trust ('the charity,) for the year ended 5 April 2024. RESPONSKBILITIES AND BASIS OF REPORT As the trnstees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 ('the Act,). I report in spect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Dircctions given by th¢ Charity Commission under section 145(5Xb) of the Act. INDEPEIYDENT EXAMINER'S STATEMENf I have completed my examination. I confirrn that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: accounting records were not kept in respect of the charity as required by section 130 of the the financial ststements do not accord with those records. or the fInancial statements do not Comply with the applicable requirements ooncerning the forni and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and faie view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached, Davi dberg FCA rnold pendent Examiner New Burlington House 1075 Finchlcy Road LONDON NWII OPU Ig 2oz5
S & J CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 5 APRIL 2024 2024 Unrestricted funds Total funds Total funds 2023 Note Income and endowments Donations and legacies Total income 61,824 61,824 61,824 56,169 61,824 56.169 Expenditure Expenditure on charitable activities Total expenditure (70,657) (70,657) (70,657) (55,605) (70,657) (55,605) Net (expenditure)lincome and net movement in funds (8,833) (8,833} 564 Reconciliation of funds Total funds brought forward Total funds carried fonvard 10,897 10,897 10.333 2,064 2,064 10.897 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activiti¢s. The note5 on pages 7 to I I form part of these finAncial statements.
S & J CHARITABLE TRUST STATEMENT OF FINANCIAL POSITION 5 APRIL 2024 2024 2023 Note CURRENT ASSETS Cash at bank and in hand 3264 12,097 CREDITORS: amounts falling due within one year IYET CURRENT ASSETS 11 (1,200) (1,200) 2,064 10,897 TOTAL ASSETS LESS CURRENT LL4BILITIES 2,064 10,897 NET ASSETS 2,064 10,897 Unrestricted funds 2,064 10.897 Total charity funds 12 2,064 10,897 These financial statements were approved by the board of trustees and authorised for issue on 28.Sry. 2D?f d are s1cd on behalf of the board by: S Sinitsky Trustee The note5 on page$ 7 to 11 form part of these financial statement5.
S & J CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 5 APRIL 2024 GENERAL FOR1TIoN The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal otrice is 21 Castlcwood Road, London, N16 6DL. STATEMENT OF COMPLIANCE These financial statements havc becD prepared in compliance with FRS 102, 'Th¢ Financial Reporting Standard applicable in the UK and the Republic of Ir¢land', the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Rcporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and th¢ Charities Act 2011. ACCOUNTING POLICIES Basis of preparation The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterlin& which is the functional currency of the entity. Going concern There are no material uncertainties about the charity's ability to continue. Judgements and key sources of estimation uncertainty The preparation of financial statements in conformity with FRS 102 requires the use of certain accounting estimates. It also requires management to exercise its judgement in the process of applying the company's accounting policies. There are no areas involving a higher dete of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements. Fund accounting General unrestricted funds comprise the accumulated surplus or deficit on income and expenditure account. They are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity. Restricted funds are funds subject to specific restricted conditions imposed by donors. There are no restricted funds as at the Balance Sheet date. Dcsignatcd funds are funds which hav¢ been set asidc at the discretion of the Trnstees for specific purposes. There are no designated funds as at the Balance Sheet date. Incoming resources All incoming resources are included in thc statement of financial activities when entitlement has passed to the charity. it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measurcd. The followtng spccific policies are applied to particular categories of income: income from donations or grants is recognised when there is evidence of entitlement to thc gift, receipt is probable and its amount Can be measured reliably.
S & J CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (confinued) YEAR ENDED 5 APRIL 2024 ACCOUNTllYG POLICIES (COlAed) Resourees expended Liabilities are recognised as expcnditure as soon as thcre is a legal or constructive obligation ommitting the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accruals basis. All expenses, including support costs and governance costs, arc allocated or apportioned to the applicabl¢ expenditure headings in the statement of financial activitics. Support costs Support costs are those costs which are common to all areas of the organisation. These are allocated across all areas of activity on the basis of the number of service users for each activity. Governance costs Governance costs are associated with the governance arrangements of the charity and relate to the general running of the charity. These costs include audit, legal advice for Trustees and costs associated with meeting constitutional and statutory requirements such as the cost of Trustee meetings and the preparation of the statutory accounts. Financial instruments A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs. Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Debt instruments are subsequently measured at amortised cost. Ftnancial assets that are measured at cost or amortised cost are reviewed for objective evidence of impainnent at the end of each reporting date. If there is objective evidence of impairnient. an impairnient loss is recognised under the appropriate heading in the statement of financial activities in which th¢ initial gain was recognised. Any reversals of impainnent are rccognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carying amount would have been had the impainnent not prcviously been recognised. DONATIONS AND LEGACIES Unrestrictsd Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 DONATIONS Donations received 61,824 61,824 56,169 56.169
S & J CHAIUTABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (eontlnrltd) YEAR ENDED 5 APRIL 2024 DONATIONS AIYD LEGACJIS (Conlinued) No conditions were attached to any of the donations received. Donations received include amounts aggregatAng £33,000 received from a Trustee, Mr S Sinitsky, and his family. XPEM)ITURE ON CHARITABLE ACTIVITIES BY FUND TYPE Unrestrictcd Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Furthcranc¢ of religion, education and alleviation of povety Support costs 69,457 1,200 69A57 1200 54,405 1.200 54,405 1,200 55.605 70,657 70,657 55,605 EXPENDrruRE ON CHARITABLE ACTIVITIES BY ACTIVITY TYPE Grant funding of activities Support costs Total funds 2024 Total fund 2023 Furtherance of religion, education and alleviation of poverty 69,457 1,200 70,657 55,605 ANALYSIS OF GRANTS 2024 GRANTS TO INSTITUTIONS Trenhill Limited Asser Bishvil Foundation Yeshiva L'z¢irim Chasdei Sholom Start Upright Z.A.I. Synagogue A T.l.M.E. Ltd Tchab¢ Kollel Limited Side By Side (Childr¢D) Limited Beis Brucha Limited The European Yarch¢i Kalloh Other grants to institutions (under £1,500) Total grants 20,700 8,IMIO 6,000 4,160 4,000 3,250 3,1)00 2.860 2,(H)O 1.650 1,600 12.237 69,457 All grants and donations were paid to charitable institutions for thc pujposes of alleviation of poverty, education or the advancement and furthcrance of Jewish Religion.
S & J CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (Continued) YEAR ENDED S APRIL 2024 INDEPENDENT EXAMINATION FEES 2024 2023 Fees payable to the independent examiner for: Independent examination of the financial statements 1,200 1,200 STAFF COSTS The average hcad count of employees during the ycar was Nil (2022: Nil). No employee rcceiv¢d employee benefits of mor¢ than £60,000 during the year (2022.. Nil). 10. TRUSTEE RE1UNERATIoN AND EXPENSES No rcmuncration or other benefits from employment with the charity or a related entity were received by the trustees. No trustee expenses have been incurred. 11. CREDITORS: amounts falling due Ivithin one year 2024 2023 Accruals and deferred income 1,200 1,200 12. ANALYSIS OF CHARrrABLE FUNDS Unrestricted funds At 6 April 2023 At Income Expenditure 5 April 2024 General funds 10,897 61,824 (70,657) 2,064 At 6 April 2022 At Income Expenditure 5 April 2023 General funds 10,333 56,169 (55.605) 10,897 io
S & J CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (conilnued) YEAR ENDED S APRIL 2024 13. ANALYSIS OF NET ASSETS BETWEEN FUNDS Unrestricted Totsl Funds Funds 2024 Current assets Creditors less than l year Net a&8ets 3,264 (1,200) 2,064 3264 (1,200) 2,064 Unrcstricted Total Funds Funds 2023 Cuent assets Creditors less than l y¢ar 12,097 (1,200) 10,897 12,097 (1,200) 10,897 Net assets 14. RELATED PARTIES Detsils of transactions with relatsd parties are disclosed in Note 4 to the financial statements. li