REGISTERED CHARITY NUMBER: 1124174
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
FOR
CONGREGATION VYOEL MOSHE D'SATMER CHARIT ABLE TRUST
Venitt and Greaves Chartered Accountants 115 Craven Park Road South Tottenham London N15 6BL
CONGREGATION VYOEL MOSHE D'SATMER CHARIT ABLE TRUST
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Statement of Financial Position | 5 | ||
| Statement of Cash Flows | 6 | ||
| Notes to the Statement of Cash Flows | 7 | ||
| Notes to the Financial Statements | 8 | to | 13 |
CONGREGATION VYOEL MOSHE D'SATMER CHARIT ABLE TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025
The charity was constituted by Declaration of Trust dated 11th April 2008.
OBJECTIVES AND ACTIVITIES
Objectives and aims
Charitable objects
The objects of the charity are the furtherance of the Orthodox Jewish religion by way of support to educational institutions, assisting in the reduction of poverty and granting help for charitable causes at the discretion of the trustees. We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities.
Synagogue
The charity is responsible for the maintenance of premises used as a synagogue. The property is used rent free but any maintenance and repairs are the responsibility of the charity. Extensive expenditure was and will continue to be incurred in order to make the property suitable for use as a synagogue. The property is owned by another charity. The synagogue is used as a study hall and food is now provided to those requiring the facilities.
Summer camp
The charity assists with the finance of a summer camp for youth who are connected with the local Satmar community. This includes paying for the rent of suitable premises for the camp as well as for food and transport.
Medical assistance
The charity assists when requested with medical expenses incurred by individuals who are unable to pay.
Grants
The charity makes grants to charitable causes both in the UK and overseas. Such grants are made after extensive enquiries by the trustees and following satisfactory recommendations.
Grantmaking
The charity is controlled by local trustees who are very familiar with all the charitable causes that the charity supports. Regular meetings are held to review and discuss the charity's activities.
ACHIEVEMENTS AND PERFORMANCE
Fundraising activities
The charity received £688,227 (2024: £532,256) in donations during the year. With the increase in donations received the charity was able to provide grants amounting to £606,364 (2024: £554,544). There were fundraising costs incurred during the year amounting to £10,887 (2024: £5,444).
Internal and external factors
The trustees have put in place systems to identify risks and review the systems regularly.
FINANCIAL REVIEW
The charity's income increased during the year and accordingly the charity was able to make substantial increases in the grants made. The reserves have increased and will be carried forward.
FUTURE PLANS
The charity plans to continue its activities subject to satisfactory incoming resources
STRUCTURE, GOVERNANCE AND MANAGEMENT
Recruitment and appointment of new trustees
It is not currently the intention of the trustees of the charity to appoint new trustees. Should this situation change in the future, the trustees will apply suitable recruitment and training procedures
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CONGREGATION VYOEL MOSHE D'SATMER CHARIT ABLE TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025
STRUCTURE, GOVERNANCE AND MANAGEMENT
Organisational structure
The charity is controlled by local trustees who are very familiar with all the charitable causes that the charity supports. Regular meetings are held to review and discuss the charity's activities.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1124174
Principal address
66A Chardmore Road London N16 6JH
Trustees
S Gross M Rothbart
Independent Examiner
Venitt and Greaves Chartered Accountants 115 Craven Park Road South Tottenham London N15 6BL
Approved by order of the board of trustees on 28 January 2026 and signed on its behalf by:
M Rothbart - Trustee
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CONGREGATION VYOEL MOSHE D'SATMER CHARIT ABLE TRUST
Independent examiner's report to the trustees of Congregation Vyoel Moshe D'Satmer Charit able Trust
I report to the charity trustees on my examination of the accounts of Congregation Vyoel Moshe D'Satmer Charit able Trust (the Trust) for the year ended 31 March 2025.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
I have completed my examination. I confirm 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 Trust as required by Section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form 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 fair 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.
Malcolm A Venitt The Institute of Chartered Accountants in England and Wales
Venitt and Greaves Chartered Accountants 115 Craven Park Road South Tottenham London N15 6BL
28 January 2026
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CONGREGATION VYOEL MOSHE D'SATMER CHARIT ABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025
| 31.3.25 Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 688,227 Investment income 3 - Total 688,227 EXPENDITURE ON Raising funds Raising donations and legacies 4 10,887 10,887 Charitable activities 5 Charitable activities 606,364 Other 3,785 Total 621,036 NET INCOME/(EXPENDITURE) 67,191 RECONCILIATION OF FUNDS Total funds brought forward 12,364 TOTAL FUNDS CARRIED FORWARD 79,555 |
31.3.24 Total funds £ 532,256 18 532,274 5,444 5,444 554,544 5,159 565,147 (32,873) 45,237 12,364 |
|---|---|
The notes form part of these financial statements
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CONGREGATION VYOEL MOSHE D'SATMER CHARIT ABLE TRUST
STATEMENT OF FINANCIAL POSITION 31 MARCH 2025
| 31.3.25 | 31.3.24 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| funds | funds | ||
| Notes | £ | £ | |
| FIXED ASSETS | |||
| Tangible assets | 10 | 7,849 | 9,234 |
| CURRENT ASSETS | |||
| Debtors | 11 | 36,676 | 36,500 |
| Cash at bank and in hand | 44,549 | 14,553 | |
| 81,225 | 51,053 | ||
| CREDITORS | |||
| Amounts falling due within one year | 12 | (9,519) | (47,923) |
| NET CURRENT ASSETS | 71,706 | 3,130 | |
| TOTAL ASSETS LESS CURRENT | |||
| LIABILITIES | 79,555 | 12,364 | |
| NET ASSETS/(LIABILITIES) | 79,555 | 12,364 | |
| FUNDS | 13 | ||
| Unrestricted funds | 79,555 | 12,364 | |
| TOTAL FUNDS | 79,555 | 12,364 |
The financial statements were approved by the Board of Trustees and authorised for issue on 28 January 2026 and were signed on its behalf by:
M Rothbart - Trustee
S Gross - Trustee
The notes form part of these financial statements
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CONGREGATION VYOEL MOSHE D'SATMER CHARIT ABLE TRUST
STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025
| 31.3.25 | 31.3.24 | ||
|---|---|---|---|
| Notes | £ | £ | |
| Cash flows from operating activities | |||
| Cash generated from operations | 1 | 29,996 | (7,519) |
| Net cash provided by/(used in) operating activities | 29,996 | (7,519) | |
| Cash flows from investing activities | |||
| Interest received | - | 18 | |
| Net cash provided by investing activities | - | 18 | |
| Change in cash and cash equivalents in the | |||
| reporting period | 29,996 | (7,501) | |
| Cash and cash equivalents at the beginning | |||
| of the reporting period | 14,553 | 22,054 | |
| Cash and cash equivalents at the end of the | |||
| reporting period | 44,549 | 14,553 |
The notes form part of these financial statements
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CONGREGATION VYOEL MOSHE D'SATMER CHARIT ABLE TRUST
NOTES TO THE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025
1. RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES
| ACTIVITIES | ||
|---|---|---|
| 31.3.25 | 31.3.24 | |
| £ | £ | |
| Net income/(expenditure) for the reporting period (as per the Statement | ||
| of Financial Activities) | 67,191 | (32,873) |
| Adjustments for: | ||
| Depreciation charges | 1,385 | 1,630 |
| Interest received | - | (18) |
| (Increase)/decrease in debtors | (176) | 7,510 |
| (Decrease)/increase in creditors | (38,404) | 16,232 |
| Net cash provided by/(used in) operations | 29,996 | (7,519) |
2.
ANALYSIS OF CHANGES IN NET FUNDS
| At 1.4.24 Cash flow At £ £ Net cash Cash at bank and in hand 14,553 29,996 14,553 29,996 Total 14,553 29,996 |
31.3.25 £ 44,549 |
|---|---|
| 44,549 | |
| 44,549 |
The notes form part of these financial statements
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CONGREGATION VYOEL MOSHE D'SATMER CHARIT ABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing 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. 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.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. DONATIONS AND LEGACIES
Donations
| 31.3.25 | 31.3.24 |
|---|---|
| £ | £ |
| 688,227 | 532,256 |
continued...
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CONGREGATION VYOEL MOSHE D'SATMER CHARIT ABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
3. INVESTMENT INCOME
| Deposit account interest 4. RAISING DONATIONS AND LEGACIES Hire Equipments Other office expenses Travelling 5. CHARITABLE ACTIVITIES COSTS Charitable activities 6. SUPPORT COSTS Management £ Other resources expended 400 Charitable activities - 400 |
31.3.25 £ - 31.3.25 £ - 7,456 2,477 954 10,887 Support Direct costs (see Costs note 6) £ £ 604,207 2,157 Governance Finance costs £ £ - 3,385 2,157 - 2,157 3,385 |
31.3.24 £ 18 31.3.24 £ 3,518 1,500 426 - 5,444 Totals £ 606,364 |
31.3.24 £ 18 31.3.24 £ 3,518 1,500 426 - 5,444 Totals £ 606,364 |
|---|---|---|---|
| Totals £ 3,785 2,157 5,942 |
|||
| 5,942 |
7. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.
continued...
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CONGREGATION VYOEL MOSHE D'SATMER CHARIT ABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
8. STAFF COSTS
| Wages and salaries Social security costs Other pension costs The average monthly number of employees during the year was as follows: The average employee during the year No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES INCOME AND ENDOWMENTS FROM Donations and legacies Investment income Total EXPENDITURE ON Raising funds Raising donations and legacies Charitable activities Charitable activities Other Total NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
31.3.25 31.3.24 £ £ 169,808 147,360 1,018 - - 616 170,826 147,976 31.3.25 31.3.24 19 16 Unrestricted funds £ 532,256 18 532,274 5,444 5,444 554,544 5,159 565,147 (32,873) 45,237 12,364 |
|---|---|
9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
continued...
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CONGREGATION VYOEL MOSHE D'SATMER CHARIT ABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
10. TANGIBLE FIXED ASSETS
| 10. | TANGIBLE FIXED ASSETS | |||
|---|---|---|---|---|
| Fixtures | ||||
| and | ||||
| fittings | ||||
| £ | ||||
| COST | ||||
| At 1 April 2024 and 31 March 2025 | 60,637 | |||
| DEPRECIATION | ||||
| At 1 April 2024 | 51,403 | |||
| Charge for year | 1,385 | |||
| At 31 March 2025 | 52,788 | |||
| NET BOOK VALUE | ||||
| At 31 March 2025 | 7,849 | |||
| At 31 March 2024 | 9,234 | |||
| 11. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 31.3.25 | 31.3.24 | |||
| £ | £ | |||
| Other debtors | 36,676 | 36,500 | ||
| 12. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 31.3.25 | 31.3.24 | |||
| £ | £ | |||
| Taxation and social security | 1,633 | 615 | ||
| Other creditors | 7,886 | 47,308 | ||
| 9,519 | 47,923 | |||
| 13. | MOVEMENT IN FUNDS | |||
| Net | ||||
| movement | At | |||
| At 1.4.24 | in funds | 31.3.25 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 12,364 | 67,191 | 79,555 | |
| TOTAL FUNDS | 12,364 | 67,191 | 79,555 |
continued...
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CONGREGATION VYOEL MOSHE D'SATMER CHARIT ABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
13. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Incoming resources £ Unrestricted funds General fund 688,227 TOTAL FUNDS 688,227 Comparatives for movement in funds At 1.4.23 £ Unrestricted funds General fund 45,237 TOTAL FUNDS 45,237 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 532,274 TOTAL FUNDS 532,274 A current year 12 months and prior year 12 months combined position is as follows: At 1.4.23 £ Unrestricted funds General fund 45,237 TOTAL FUNDS 45,237 |
Resources Movement expended in funds £ £ (621,036) 67,191 (621,036) 67,191 Net movement At in funds 31.3.24 £ £ (32,873) 12,364 (32,873) 12,364 Resources Movement expended in funds £ £ (565,147) (32,873) (565,147) (32,873) Net movement At in funds 31.3.25 £ £ 34,318 79,555 34,318 79,555 |
|---|---|
continued...
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CONGREGATION VYOEL MOSHE D'SATMER CHARIT ABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
13. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 1,220,501 | (1,186,183 ) | 34,318 |
| TOTAL FUNDS | 1,220,501 | (1,186,183 ) | 34,318 |
14. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2025.
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