Cw•¥dn EnlOpe ID.. D9D8Qo-A8D14198D8-cFfjBE813A3D8 CHARITY BEGISTRATION NUMBEK. 1126587 Alte Felga Trust Unaudlted Financlal Ststements 31 Decembpr 2023 COHEN ARNOLD Chartered accountants New Burlington House 1075 Fin¢hley Road LONDON NWII OPU
Docu81gn Envelopg ID.. D9D8CA6D14Bl9BD8-cF5BE819A36 Alte Fei a Trus Flnanclal Statements Year ¢nded 31 December 2023 Page Tru5tees' annual report Independent cxamincr's report to the trnstees Statement of financial activities Statement of financial position Notes to the finanoial statements
Docusbn Enwelope ID.. 09D8L-ABDl-4B18-gBDS-CFs8EBl3AaD& Alte Feiga Trust Trustees, Annual Report Year ended 31 Deeember 2023 The tsustees present their report and the unaudited financial statements of the charity for the year ended 31 December 2023. R¢fer¢nce ind admilllstrattve detslls Alte Feig& Trust 1126587 Reglstered charity name ChArity reglstrotion number Prlneipal oifiee 56 Chardmore Road N166JH London The tru8t¢es Mr J Kernkraul Mr B Gros5 MrJ Kornbluh Independent examlner Cohen Arnold New Burlington House 1075 Finchley Road LONDON NWI I OPU Structure? govern#n¢e mana%ement The charity is a registered Chgrity (charity number 1126587) and is governed by a Iru51 deed dated 29 Septemb¢r 2008. Th¢ trustees adminlsier the day-ltrday affairs of the charity. None of the Irust¢¢S hav¢ any beneficial inler¢st in thc charity. ObJectlve$ 4nd Aetlvltl The objects of the charity are.. Th¢ advancement of the orthodox Jewish faith The advancement of orthodox Jewish religious education The relief of povety sickness and infirniity amongst m¢mbers of the Jewish faith and Such other purposes as are for the benefit of the public and are charitable according lo English law The main activity of the charity during the year was io make grants to individuals and to organisations wiih similar objects as this ¢harity. The trllste¢s ¢onfirni iheir complianee with the duty to have due regard lo the public benefit guidance published by the Charity Commission when reviewing the charity's aims and objeciives and in planning future activities. Achievements and perfornian¢e During the year aggregate donations were paid in the sum of £486,900 (2022: £446,719). The financial results of the ¢harity'$ activities for the year ended 31 Dernber 2023 are fully reflected in the attached financial statements together with the notes thereon.
DOCUgn Envebpe ID.. D9D80CO&ABD14B1&9BDb¢F5BE813A3De te- Trustees, Annual Report (evAWJwe41) Year ended 31 December 2023 Flnanclal revlew Reserves Policy It is the policy of the charity lo maintain unrestricted funds, which are the free reserves of the clwity, at a level which the thistee8 think appropriate. The charity h&8 no binding commitments for the next year and their administrative expenses are minimal. The UnreStricd funds of the charity at 31 December 2023 w¢r¢ £9,925. Rlsk manAgement The trustees have identified and review¢d th¢ major risks to the which the charity is exposed. in particular those related to the operations and finance of the charity, and are satisfied thal systems ar¢ in place to manage those risks. The trste¢S, annual report was approved on 28 October 2024 and signed on behalf of the board of trustees by: Mr J Kornkout Trustee
t)05J En¥dop8 ID.. D9D80CO&A6D14B18-9BD8£F5BEB13A3D6 Alte Felgp4 Trust IDdependent Examinerls Report to the Trustees of Alle Felga Trust Year ended 31 December 2023 l Teport to the trustees on my examination of the financial statements of Alte Feiga TnJ5t ('the charity) for Ihe year ended 31 December 2023. Responslbilltles and basis of report As the trusl¢es of the ¢harity 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 respect of my examination of the charity's financial ststements carried out under section 145 of the 2011 Act anil in carrying out my examination I hav¢ followed all the applicable Directions 8iven by the Charity Commission under section 145(5)(b) of the Act. Ind¢pendeDt exmlD¢r's statement Since the charity's gross income exceeded £250,000 your ¢xaminer must be a member of a body listed in section 145 of the 2011 Aci. I confirm th l am qualified to undertake the examination beca¢ I am a member of the Institute of Chartered Accountants in England and Wales (ICABW), which is one of the listed bodies. I have compleled my examination. I confirn) that no material matters have come to my attention in onnection with the examination giving me Cause to believe that in any material respe¢t.' accounting records were not kept in respect of the charily gs required by section 130 of Ihe the financial stat¢meniS do nol accord with those records; or the financial slalemenls do not comply wlth the appliGable requirements conGerning the forni and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any r¢quirement that the accounts giv¢ & 'irue and fair, view which is not a matter considered &5 part of an independent examination. have no con¢¢rns and have Come across no oiher matters in connection with the examination to which attention should te drawn in this report in order to enable a proper understanding of ihe accounts to be rehed. DoEuoMdtyy,' C6977A45KD494.. Davld Goldberg? FCA DChA Cohen Arnold New Burlington Hous¢ 1075 Finchley Road LONDON Nwii OPU 28 October 2024
Do¢usl)n Enk)p0 ID.. D9D80cfMB014B1&9BD8£F5BEB13A3D6 Statement of Flnanclal Activities Year eDded 31 J)¢cember 2023 2023 Unreslrict¢d Reslricled funds fund5 Totsl funds Total funds 2022 Note Ineome and eDdowmeDts Donations and legacies Total Income 478,489 478.489 20,000 20.000 498,489 498.489 398,787 398.787 Expenditure Expendilure on charitable activities Total ¢xpcndlture 474.895 20,000 20.000 494.895 494.895 452,105 452,105 474.895 Net IDcomel(expeDdlture) And net movement in funds 3.594 3,594 (53,318) Re¢onciliation offunds Total funds broughi forwgrd Totsl funds carrled forward 6,331 9,925 6.33 I 9.925 59,649 6,331 The stalement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing aclivilies. The notu 6 to 11 fonn pirt of thc¥e financi*l 5t#ttmtthts.
Docusiyn Envelop8 ID.. 09De0cc-ABDl4B1e-9BD8-cFS8cBI3A5Ds Alte Feiga Trust Statement of Financial Posltlon 31 Decemb¢r 2023 2023 2022 Not¢ CUrll1 assets Cash at bank and in hand 37.685 27.760 9,331 3.000 6,331 6.331 6,331 Creditors: Amounts falliDg due witbin one year Ntt current ss¢ts li 9,925 9.925 Tothl Assets less ¢urrent Ilabllltl&s Ne¢ 4sJets 9.925 Funds of the charity Unrestricted funds 9,925 9.925 6,331 6.331 Total eharlty funds 12 These financial statements were approved by the board of trustees and 8Uthorised for i55u¢ on 28 October 2024, and are signed on behalf of the board by: DEcA5010Bi444... Mr J Kernkaut Trus1¢¢ The notes p4g¢s 6 10 ij form part ofihc5e fi0¢11 &tstem¢nts
OrtU8ign EnvBIW ID.. D9080CO&A8D1.4B1&98D84FS8E813A3 Alte.FeigtrT Notes to the Financial Statement$ Year ended 31 December 2023 Gen¢r81 information The charity is a publi¢ benefit entity and a regristered charity in England and Wales and Is unincorporated. The address of the principal office is 56 Chardmore Road N16 6JH. London. ststemeDt of compllanee These financial statements have been prepared in compliance with FRS 102, 'Th¢ Financial Reporting Stsndard zpplicable in ihe UK and the Republic of Ireld,. the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Rewrting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Charities Act 2011. Aeeountlng poll¢les B88is of preparatlon The financial statements have been pr¢pared on the historical cosl b&sis. &8 modified by the revalualion of ¢ert&in financial assets and liabilities and investment properti me&8ured at fair value through income or expenditure. The financi statements are prepared in Slerling* which is the functional currency of the ¢nlity. Golng coneern Ther¢ are no malerial uncertainties aboui the charity's ability to continue. Judgements and key sour¢e$ of estlmatlon uneertalnty In the application of the charity's accounting policies, the Trustees are required lo make judgements. estimates and assumptions about the carrying amounts of assets and liabilities that are not readily appareni from other sources. The ebLiiiiales and associated aggumptions are based on historical ¢xperien¢e and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are r¢viewed on an ongoing basis. Revisions io accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of (he revision and future periods if the r¢vi5ion affecls boih current and future periods. The Trustees do not consider there any critical judgements or sources of estimation uncertainty requiring disLlosuie beyond the accounting policies listed below. Fund aceountlng Unre5tricled fund5 are availabl¢ for use at the discretion of the trustees to further any of the charity's purpos¢s. Designated funds are unrestricted funds esrmarked by the trustees for partiGul8r fijture project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the term5 of an appeal, and fail into one of two sub-classes.. restricted income funds or Endowment funds.
DoGuJign Envelope ID.. D9D8oCL-ABOl4Bl8-98D8-CF5BEB13A3D8 Alte Feiga Trust Notes to the FinanciAI Statsments (¢onlin¥¢d) Year ended 31 December 2023 Accounting pollcles (ctrHlrMuerO IneomfiDg resources All incoming resources are included in the stalement of financial activities when enliilemeni hys p&ssed to the charity. it is probable that the economic benefits associated wilh the transaclion will flow to the charity and the amount can be reliably measured. The following specific policies are applied to parti¢ular caiegori¢5 of income.. income from donations or grants is recognis¢d when there is evidence of entitlement to the gift, re¢eipt is probable and its amouni can be measured reliably. legacy in¢ome is recognised when receipt is probable and entitlement is established. income from donated goods is measured at the fair valu¢ of the goods unless this is impractical to meaSUTe reliably* in which ¢ase the valu¢ is derived from ihe eosl lo the donor or ihe estimated resale value. Donated facilities and services are recognised in the Counts when received if the value Can be reliably m¢gsured. No amounts are included for the Contribution of general volunteers. income from contracts for th¢ supply of services is re¢ognised wilh the delivery of the contracted service. This is ¢lassified as unrestri¢t¢d funds unless th¢re is a contracfval requirement for it to be spent on & parti¢ular purpose and returned if unspent, in which Case it may be regarded as restricled. Resources expended Expenditure is recognised on an Accruals ba5iS a liability is incurred. Expenditure includes any VAT which cannot be fully recovered. and is classified under headings of the statement of financial aclivities to which it r¢lates'. expendiiure on raising funds includes the costs of 811 fundraising aclivilies. ev¢nts. non-¢haritsble trading activities, and the sale of donated goods. expenditure on charitable activities includes all cosis in¢urr¢d by a charity in undertaking activities that further ils charitable aiins for the benefit of its benefi¢iaries, including those support costs and costs relating to the goyernance of the charity apportioned to charitable activities. other ¢xp¢nditure includes all expenditure that is neither related to raising funds for the charity nor part of ils expenditure on chwilable activiti¢s. All costs are allocated 10 expenditur¢ categories r¢flecting the use of the resource. Dire¢l ¢osts attributable to a single actlvity are allo¢&ted directly to that activity. Shared ¢0sts are apportioned between the &clivities they contribute to on a reasonablei justifiable and consistent basis.
Do¢uwgn Envelcoe ID." DgD80C06-ABD14818-9BD8£F5BEB1WD6 Ftig*T Notes to the Financial Statements Year ended 31 December 2023 Accounling policies (thixllttued) FlnanciAI instruments A financial asset or a financial liabllity is recognised only when the entity becomes a party to the contractual provigiong of the instrument. Basic financial instruments are initially recognised at the amount Teceivable or payabl¢ including 8ny related transa¢tion costs, unless the arrgmgemenl constitutes a financing Iransaclion, where il is recognised at the present value of the fviure payments discounted ai a market rate of interest for a similar debt instrument. Current et$ and current liabilliies are subsequently measured at the cash or other consideralion expected to be paid or received and not discounted. Debt inslruments are subsequently measured at 8rn0rtised cost. Donatlons and legacles Unrestricted Funds Restricted Total Funds Funds 2023 Donatlons Donations 478,489 20.000 498,489 UlestrIcted Funds ResÉricled Tolai Funds Funds 2022 Donations L)onations 398.787 398,787 Expendlture on charllable aetlvltlej by fund type Unrestricted Funds Restricled Total Funds Funds 2023 Grants paid Supw)rt costs 466.900 7,995 474,895 20.000 486,900 7.995 494,895 20.000 Unrestricted Funds Restricted Total Funds Fund5 2022 Grants paid Support costs 446,719 5.386 446,719 5,386 452,105 452,105
Do519n &velope ID.. D9080C06-ABD1-4B18-gBD8-CFSBEB13A3D6 te Felga Trust Notes to the Financial Stat¢mtnts (cottllffwedj Year ended 31 December 2023 ExpeDditure on charltAble'8etlvltles by actlvity type Grani funding of activities Support ¢osts Total funds 2023 Tota] fund 2022 Grants paid Governance costs 486,900 5,475 2,520 7,995 492.375 2,520 494,895 448,505 3,600 452,105 486,900 Analysb of grants All grants went towards either th¢ furtherance of Jewish religion or relief of poverty. 2023 2022 GrAnts to Institutlons Grants to institutions 145.350 104,918 Grants to Indlvlduals Grants lo individuals 341.550 341,301 446,219 Total grants 486.900 Independent exsmlDAtlon fee$ 2023 2022 Fees payable to the independent examiner for,. Independ¢n¢ ex8rnination of the financial slalemertts 2,760 3,000 StatTcosts The average head count of employe¢5 during the year was Nil (2022.. Nil). No employee received employee benefits of more than £60,000 during the year (2022: Nil). 10. Trustee remuneratlon #nd exp¢ns¢s There w&8 no remuneration paid lo the trustees. The ¢harity did not meet any individual expens¢s incurred by the trustees for services provided io the charity.
Docusign Envelope ID: 0008Cc-ABDl481a-98DS£FSBEBl3A3C Notes to the Fin¥4ncial Statements f¢oMdn¥td) Year ended 31 Deeember 2023 11. Creditors: amounts falling due wl¢hln one year 2023 2022 Accruals and deferred income Other creditors 2,760 25,(K>O 27,760 3,000 3,000 12. Analysis of charitable fund5 Unrestrlcted funds At 31 December 2023 Ai l January 2023 Iorne Expendilure General funds 6,331 478,489 (474,895) 9,925 At 31 December 2022 At l January 2022 Income Expendilure General funds 59.649 398,787 (452,105) 6,331 Restrlcted funds At 31 De¢emb¢r 2023 Ai l January 2023 Income Expenditure Restricted Fund 20.000 (20,000) At 31 December 2022 At l January 2022 Income Expendire Restricted Fund io
Docusan En¥dope ID.. DgD8OC06ABD14818-98D8-CF65E813A3D6 t¢ FeigA Trust Not¢$ to the Financial Statements (eottrtAue Yer4r ended 31 December 2023 13. Analysi5 of net assets between funds Unrestricted Total Funds Funds 2023 Current assets Credilors less than l year Net assets 37.685 (27,760) 9,925 37.685 (27,760) 9,925 Unrestricted Total Funds Funds 2022 Current &ssets Creditors less than l year Net agsets 9,331 (3,000) 6,331 9,331 (3.000) 6,331 14. Related portles There were no transactlons with relaied parties during the period under review. li