CHARITY REGISTRATION NUMBER: 1126587
Alte Feiga Trust
Unaudited Financial Statements
31 December 2024
COHEN ARNOLD Chartered accountants New Burlington House 1075 Finchley Road LONDON NW11 0PU
Alte Feiga Trust
Financial Statements
Year ended 31 December 2024
| Page | |
|---|---|
| Trustees' annual report | 1 |
| Independent examiner's report to the trustees | 3 |
| Statement of financial activities | 4 |
| Statement of financial position | 5 |
| Statement of cash flows | 6 |
| Notes to the financial statements | 7 |
Alte Feiga Trust
Trustees' Annual Report
Year ended 31 December 2024
The trustees present their report and the unaudited financial statements of the charity for the year ended 31 December 2024.
Reference and administrative details
| Registered charity name | Alte Feiga Trust |
|---|---|
| Charity registration number | 1126587 |
| Principal office | 56 Chardmore Road |
| N16 6JH | |
| London | |
| The trustees | Mr J Kernkraut |
| Mr B Gross | |
| Mr J Kornbluh | |
| Company secretary | Mr J Kernkaut |
| Independent examiner | David Goldberg, FCA DChA |
| New Burlington House | |
| 1075 Finchley Road | |
| LONDON | |
| NW11 0PU |
Structure, governance and management
The charity is a registered charity (charity number 1126587) and is governed by a trust deed dated 29 September 2008. The trustees administer the day-to-day affairs of the charity. None of the trustees have any beneficial interest in the charity.
Objectives and activities
The objects of the charity 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 for the benefit of the public and are charitable according to English law
The main activity of the charity during the year was to make grants to individuals and to organisations with similar objects as this charity.
The trustees confirm their compliance with the duty to have due regard to the public benefit guidance published by the Charity Commission when reviewing the charity's aims and objectives and in planning future activities.
Achievements and performance
During the year aggregate donations were paid in the sum of £593,053 (2023: £486,900).
The financial results of the charity's activities for the year ended 31 December 2024 are fully reflected in the attached financial statements together with the notes thereon.
1
Alte Feiga Trust
Trustees' Annual Report (continued)
Year ended 31 December 2024
Financial review
Reserves Policy
It is the policy of the charity to maintain unrestricted funds, which are the free reserves of the charity, at a level which the trustees think appropriate.
The charity has no binding commitments for the next year and their administrative expenses are minimal.
The unrestricted funds of the charity at 31 December 2024 were £20,495.
Risk management
The trustees have identified and reviewed the major risks to the which the charity is exposed, in particular those related to the operations and finance of the charity, and are satisfied that systems are in place to manage those risks.
The trustees' annual report was approved on 30 October 2025 and signed on behalf of the board of trustees by:
Mr J Kernkaut
Trustee
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Alte Feiga Trust
Independent Examiner's Report to the Trustees of Alte Feiga Trust
Year ended 31 December 2024
I report to the trustees on my examination of the financial statements of Alte Feiga Trust ('the charity') for the year ended 31 December 2024.
Responsibilities and basis of report
As the trustees 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 respect 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 Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales (ICAEW), 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:
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accounting records were not kept in respect of the charity as required by section 130 of the Act; or
-
the financial statements do not accord with those records; or
-
the financial statements 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.
David Goldberg, FCA DChA
Cohen Arnold New Burlington House 1075 Finchley Road LONDON NW11 0PU
30 October 2025
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Alte Feiga Trust
Statement of Financial Activities
Year ended 31 December 2024
| 2024 | 2023 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||
| funds | funds | Total funds | Total funds | ||
| Note | £ | £ | £ | £ | |
| Income and endowments | |||||
| Donations and legacies | 4 | 586,533 | 19,850 | 606,383 | 498,489 |
| ------------------------------------- | ------------------------------- | ------------------------------------- | ------------------------------------- | ||
| Total income | 586,533 | 19,850 | 606,383 | 498,489 | |
| ===================================== | =============================== | ===================================== | ===================================== | ||
| Expenditure | |||||
| Expenditure on charitable activities | 5,6 |
575,963 | 19,850 | 595,813 | 494,895 |
| ------------------------------------- | ------------------------------- | ------------------------------------- | ------------------------------------- | ||
| Total expenditure | 575,963 | 19,850 | 595,813 | 494,895 | |
| ===================================== | =============================== | ===================================== | ===================================== | ||
| ------------------------------------- | ------------------------------- | ------------------------------------- | ------------------------------------- | ||
| Net income and net movement in | funds | 10,570 | – | 10,570 | 3,594 |
| ===================================== | =============================== | ===================================== | ===================================== | ||
| Reconciliation of funds | |||||
| Total funds brought forward | 9,925 | – | 9,925 | 6,331 | |
| ------------------------------------- | ------------------------------- | ------------------------------------- | ------------------------------------- | ||
| Total funds carried forward | 20,495 | – | 20,495 | 9,925 | |
| ===================================== | =============================== | ===================================== | ===================================== |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 7 to 12 form part of these financial statements.
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Alte Feiga Trust
Statement of Financial Position
31 December 2024
| 2024 | 2023 | ||
|---|---|---|---|
| Note | £ | £ | |
| Current assets | |||
| Cash at bank and in hand | 23,255 | 37,685 | |
| Creditors: amounts falling due within one year | 11 | 2,760 | 27,760 |
| ------------------------------- | ------------------------------- | ||
| Net current assets | 20,495 | 9,925 | |
| ------------------------------- | -------------------------- | ||
| Total assets less current liabilities | 20,495 | 9,925 | |
| ------------------------------- | -------------------------- | ||
| Net assets | 20,495 | 9,925 | |
| =============================== | ========================== | ||
| Funds of the charity | |||
| Unrestricted funds | 20,495 | 9,925 | |
| ------------------------------- | -------------------------- | ||
| Total charity funds | 12 | 20,495 | 9,925 |
| =============================== | ========================== |
These financial statements were approved by the board of trustees and authorised for issue on 30 October 2025, and are signed on behalf of the board by:
Mr J Kernkaut
Trustee
The notes on pages 7 to 12 form part of these financial statements.
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Alte Feiga Trust
Statement of Cash Flows
Year ended 31 December 2024
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Cash flows from operating activities | ||
| Net income | 10,570 | 3,594 |
| Adjustments for: | ||
| Accrued income | – | (240) |
| Changes in: | ||
| Trade and other creditors | (25,000) | 25,000 |
| ------------------------------- | ------------------------------- | |
| Cash generated from operations | (14,430) | 28,354 |
| ------------------------------- | ------------------------------- | |
| Net cash (used in)/from operating activities | (14,430) | 28,354 |
| =============================== | =============================== | |
| Net (decrease)/increase in cash and cash equivalents | (14,430) | 28,354 |
| Cash and cash equivalents at beginning of year | 37,685 | 9,331 |
| ------------------------------- | ------------------------------- | |
| Cash and cash equivalents at end of year | 23,255 | 37,685 |
| =============================== | =============================== |
The notes on pages 7 to 12 form part of these financial statements.
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Alte Feiga Trust Notes to the Financial Statements
Year ended 31 December 2024
1. General information
The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is 56 Chardmore Road, N16 6JH, London.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Charities Act 2011.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, 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
In the application of the charity's accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to 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 the revision and future periods if the revision affects both current and future periods.
The Trustees do not consider there are any critical judgements or sources of estimation uncertainty requiring disclosure beyond the accounting policies listed below.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
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Alte Feiga Trust
Notes to the Financial Statements (continued)
Year ended 31 December 2024
3. Accounting policies (continued)
Incoming resources
All incoming resources are included in the 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 measured. The following specific policies are applied to particular categories of income:
-
income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
-
legacy income is recognised when receipt is probable and entitlement is established.
-
income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
-
income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
-
expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods.
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expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
-
other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
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Alte Feiga Trust
Notes to the Financial Statements (continued)
Year ended 31 December 2024
3. Accounting policies (continued)
Financial instruments
A financial asset or a financial liability is recognised only when the entity 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, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
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.
4. Donations and legacies
| Donations and legacies | |||
|---|---|---|---|
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2024 | |
| £ | £ | £ | |
| Donations | |||
| Donations | 586,533 | 19,850 | 606,383 |
| ===================================== | =============================== | ===================================== | |
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2023 | |
| £ | £ | £ | |
| Donations | |||
| Donations | 478,489 | 20,000 | 498,489 |
| ===================================== | =============================== | ===================================== | |
| Expenditure on charitable activities by fund type | |||
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2024 | |
| £ | £ | £ | |
| Grants paid | 573,203 | 19,850 | 593,053 |
| Support costs | 2,760 | – | 2,760 |
| ------------------------------------- | ------------------------------- | ------------------------------------- | |
| 575,963 | 19,850 | 595,813 | |
| ===================================== | =============================== | ===================================== | |
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2023 | |
| £ | £ | £ | |
| Grants paid | 466,900 | 20,000 | 486,900 |
| Support costs | 7,995 | – | 7,995 |
| ------------------------------------- | ------------------------------- | ------------------------------------- | |
| 474,895 | 20,000 | 494,895 | |
| ===================================== | =============================== | ===================================== |
5. Expenditure on charitable activities by fund type
9
Alte Feiga Trust
Notes to the Financial Statements (continued)
Year ended 31 December 2024
6. Expenditure on charitable activities by activity type
| Grant | ||||
|---|---|---|---|---|
| funding of | Total funds | Total fund | ||
| activities | Support costs | 2024 | 2023 | |
| £ | £ | £ | £ | |
| Grants paid | 593,053 | – |
593,053 | 492,375 |
| Governance costs | – | 2,760 |
2,760 | 2,520 |
| ------------------------------------- | -------------------------- | ------------------------------------- | ------------------------------------- | |
| 593,053 | 2,760 |
595,813 | 494,895 | |
| ===================================== | ========================== | ===================================== | ===================================== |
7. Analysis of grants
All grants went towards either the furtherance of Jewish religion, relief of poverty or relief of sickness.
8.
| sickness. | ||
|---|---|---|
| 2024 | 2023 | |
| £ | £ | |
| Grants to institutions | ||
| Grants to institutions | 49,170 | 145,350 |
| Grants to individuals | ||
| Grants to individuals | 527,671 | 341,550 |
| ------------------------------------- | ------------------------------------- | |
| Total grants | 576,841 | 486,900 |
| ===================================== | ===================================== | |
| Independent examination fees | ||
| 2024 | 2023 | |
| £ | £ | |
| Fees payable to the independent examiner for: | ||
| Independent examination of the financial statements | 2,760 ========================== |
2,760 ========================== |
9. Staff costs
The average head count of employees during the year was Nil (2023: Nil).
No employee received employee benefits of more than £60,000 during the year (2023: Nil).
10. Trustee remuneration and expenses
There was no remuneration paid to the trustees. The charity did not meet any individual expenses incurred by the trustees for services provided to the charity.
11. Creditors: amounts falling due within one year
| Creditors: amounts falling due within one year | ||
|---|---|---|
| 2024 | 2023 | |
| £ | £ | |
| Accruals and deferred income | 2,760 | 2,760 |
| Other creditors | – | 25,000 |
| -------------------------- | ------------------------------- | |
| 2,760 | 27,760 | |
| ========================== | =============================== |
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Alte Feiga Trust
Notes to the Financial Statements (continued)
Year ended 31 December 2024
12. Analysis of charitable funds
Unrestricted funds
| Unrestricted funds | ||||||
|---|---|---|---|---|---|---|
| At 31 | ||||||
| At | 1 January | December | ||||
| 2024 | Income | Expenditure | 2024 | |||
| £ | £ | £ | £ | |||
| General funds | 9,925 | 586,533 | (575,963) | 20,495 |
||
| ========================== | ===================================== | ===================================== | =============================== | |||
| At | ||||||
| At | 1 January | 31 December | ||||
| 2023 | Income | Expenditure | 2023 | |||
| £ | £ | £ | £ | |||
| General funds | 6,331 | 478,489 | (474,895) | 9,925 |
||
| ========================== | ===================================== | ===================================== | ========================== | |||
| Restricted funds | ||||||
| At 31 | ||||||
| At | 1 January | December | ||||
| 2024 | Income | Expenditure | 2024 | |||
| £ | £ | £ | £ | |||
| Restricted Fund | – | 19,850 | (19,850) | – |
||
| ================ | =============================== | =============================== | ================ | |||
| At | ||||||
| At | 1 January | 31 December | ||||
| 2023 | Income | Expenditure | 2023 | |||
| £ | £ | £ | £ | |||
| Restricted Fund | – | 20,000 | (20,000) | – |
||
| ================ | =============================== | =============================== | ================ | |||
| 13. | Analysis of net assets between funds | |||||
| Unrestricted | Total Funds | |||||
| Funds | 2024 | |||||
| £ | £ | |||||
| Current assets | 23,255 | 23,255 | ||||
| Creditors less than 1 year | (2,760) | (2,760) |
||||
| ------------------------------- | ------------------------------- | |||||
| Net assets | 20,495 | 20,495 | ||||
| =============================== | =============================== | |||||
| Unrestricted | Total Funds | |||||
| Funds | 2023 | |||||
| £ | £ | |||||
| Current assets | 37,685 | 37,685 | ||||
| Creditors less than 1 year | (27,760) | (27,760) |
||||
| ------------------------------- | ------------------------------- | |||||
| Net assets | 9,925 | 9,925 | ||||
| =============================== | =============================== |
11
Alte Feiga Trust
Notes to the Financial Statements (continued)
Year ended 31 December 2024
14. Analysis of changes in net debt
| Analysis of changes in net debt | ||||
|---|---|---|---|---|
| At | At | |||
| 1 | Jan 2024 | Cash flows | 31 Dec 2024 | |
| £ | £ | £ | ||
| Cash at bank and in hand | 37,685 | (14,430) | 23,255 |
|
| =============================== | =============================== | =============================== |
15. Related parties
There were no transactions with related parties during the period under review.
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