## **CHESED LEYISRUEL TRUST** ## **Annual Report and Financial Statements** **For year ended 31 March 2021** **Charity Number 1141178** **Accounts & Business Solutions ltd** 158 Cromwell Road Salford M6 6DE **CHESED LEYISRUEL TRUST** Charity Commission Number 1141178 Financial Statements For Year Ended 31 March 2021 Page 2 ## **Contents** |Charity Information
Report of The Trustees
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
Notes forming part of the financial statements|**Page**| |---|---| ||3
4 - 5
6
7
8
9| Page 3 ## **CHESED LEYISRUEL TRUST** Charity Commission Number 1141178 Financial Statements For Year Ended 31 March 2021 ## **Charity Information** ## **Board of Trustees** Rabbi Eli Goldberg Mr Nachman Gruner (appointed 26 January 2021) Mr Yehuda Wosner ## **Administration Address** 17 Segal Road Salford Manchester M7 4SW ## **Charity Number** 1141178 ## **Independent Examiner** David Pollak Accounts & Business Solutions ltd 158 Cromwell Road Salford M6 6DE Page 4 ## **CHESED LEYISRUEL TRUST** Charity Commission Number 1141178 Financial Statements For Year Ended 31 March 2021 ## **Report of the Trustees** ## **Status and Administration** The Charity constituted by trust deed, dated 31 March 2021 is a registered charity. ## **Trustees** The Trustees in office throughout the year were Rabbi Eli Goldberg, Mrs Nechama Goldberg and Mr Yehuda Wosner. On 17th January 2021 a meeting was convened by the trustees at which Mrs Nechama Goldberg resigned as trustee and Mr Nachman Gruner was appointed in her stead. A copy of the minutes are available upon request. No trustee nor any person connected with them received any remuneration during the year. ## **Charitable Objects** The objects of the charity are: The relief of poverty amongst persons in need and hardship in particular but not exclusively in the Jewish Community, the advancement of education according to the beliefs and values of the orthodox Jewish faith and the advancement of the Jewish orthodox religion. The charity raises funds in the UK to make grants to both individuals and organisations. The Charity is committed to the aim of providing public benefit and the Trustees have considered the Charity Commission's published guidance on public benefit. ## **Donations received** Donations received during the year amount to £9,877 (2020: £61,165).The trustees made use of the reserves to cover its costs and grants paid. ## **Grants and Donations** We are proud to state that the funds are being utilized to provide maximum benefit possible to as many beneficiaries as possible. ## **Reserves Policy** The trustees retain reserves as necessary and where appropriate, consolidate funds in order to make more substantial grants which they feel to be appropriate. ## **Financial review** The trustees feel that the activity and deficit reflects the increased profile and standing within the local community. The impact for future years' expenditure is self evident and the trustees would like to record their appreciation for all the financial support received from benefactors during the course of the year. During the year the charity distributed £95,257 (2020: £68,806) in grants to individuals and organisations. ## **Investment property** The charity sold an investment property it owned and the funds generated were mainly distributed as grants and donations in furtherance of the objects. **CHESED LEYISRUEL TRUST** Charity Commission Number 1141178 Financial Statements For Year Ended 31 March 2021 Page 5 ## **Report of the Trustees (continued)** ## **Risk Management** The process of examining the risks to which the Charity is exposed is ongoing and the trustees are planning to further develop systems to monitor and control these risks in order to lessen their potential impact on the Charity ## **Responsibilities of the Trustees** Charity Law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the Balance Sheet Date, and of its incoming resources, including income and expenditure for the financial year. In preparing those financial statements, the Trustees should follow best practice and - a. Select suitable accounting policies and apply them consistently. - b. Make judgments and estimates that are reasonable and prudent. - c. Follow applicable accounting standards and the Charities SORP, disclosing and explaining any departures in the financial statements. - d. Prepare the financial statements on the going concern basis unless it is inappropriate to assume that the charity will continue in operation. The Trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them as Trustees to ensure that the financial statements comply with the Charity Law. The Trustees are also responsible for safeguarding the charity's assets and hence for taking reasonable steps for the prevention and detection of fraud and other regularities. Approved by The Trustees on 20 January 2022 Rabbi Eli Goldberg Trustee Page 6 ## **CHESED LEYISRUEL TRUST** Charity Commission Number 1141178 Financial Statements For Year Ended 31 March 2021 ## **Independent Examiner's Report to the Trustees** I report on the financial statements of Chesed Leyisruel Trust for the year ended 31 March 2021 ## **Respective Responsibilities of Governors and Examiner** The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144, 145 and 145(5) of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. ## It is my responsibility to: - examine the accounts under section 145 of the Charities Act, - to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and to state whether particular matters have come to my attention. ## **Basis of Independent Examiner's Report** My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below. In 2013 the Charity Commission opened a statutory class inquiry into this charity and have found the charity to be non-fully compliant in the following areas: - the trustee had failed to file their annual accounting information, in accordance with their statutory obligations, on time, - the trustees have failed to ensure that conflicts of interest can be effectively managed, - the trustees failed to comply with the terms of the charity’s governing document in relation to holding meetings; and - the trustees failed to obtain professional advice during their decision-making process and to properly record the decisions made. I am pleased to report that we have advised the trustees on this and have arranged for them to implement all necessary actions to satisfy the above concerns in compliance with their duties as trustees. In connection with my examination, no matter has come to my attention; 1. which gives me reasonable cause to believe that in, any material respect, the requirements: - to keep accounting records in accordance with section 130 of the Charities Act; and - to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act - have not been met; or 2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. David Pollak Accounts & Business Solutions ltd 158 Cromwell Road Salford M6 6DE **CHESED LEYISRUEL TRUST** Charity Commission Number 1141178 Financial Statements Page 7 ## For Year Ended 31 March 2021 ## **Statement of Financial Activities** |**Incoming Resources**
Donations received
Interest
Investment income
Net gain on sale of property
**Net incoming resources available**
**for charitable application**
**_Less:_**
**Charitable expenditure**
_Cost of Activities In Furtherance_
_of the Charity's Objects_
Charitable donations
Stationery
Governance
**Reconciliation of funds**
Net (deficit) for the year
Total funds brought forward
**Total funds carried forward**|_Notes_
_Unrestricted_
_funds_
_£_
9,877
13
1,896
34,225
46,011
46,011
95,257
0
_3_
800
96,057
(50,046)
47,464
(2,582)|**_2021_**
**_Total_**
**_£_**
**9,877**
**13**
**1,896**
**34,225**
**46,011**
**46,011**
**95,257**
**0**
**800**
**96,057**
**(50,046)**
**47,464**
**(2,582)**|_2020_
_Total_
_£_
61,165
0
4,914
0| |---|---|---|---| ||||66,079
66,079
68,806
89
1,650| ||||70,545
(4,466)
51,930| ||||47,464| The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The attached notes form part of these accounts. Page 8 ## **CHESED LEYISRUEL TRUST** Charity Commission Number 1141178 Financial Statements For Year Ended 31 March 2021 ## **Balance Sheet At 31 March 2021** |**Fixed Assets**
Tangible assets
**Current Assets**
Debtors
Cash at Bank
**Current Liabilities**
Other Creditors
Accruals
Net current liabilities
**Net Assets**
**Accumulated Funds**
Unrestricted|_Notes_
_4_
_6_
_5_
_5_|**_£_**
**-**
**166**
**166**
**(1,948)**
**(800)**
**(2,748)**|**_2021_**
**_£_**
**-**
**(2,582)**
**(2,582)**
**(2,582)**
**(2,582)**|_£_
2,666
14,798
17,464
(39,200)
(800)
(40,000)|_2020_
_£_
70,000
(22,536)| |---|---|---|---|---|---| ||||||| ||||||47,464| ||||||47,464| ||||||47,464| Approved by the Trustees on 20 January 2022 and signed on behalf of them all. Trustee Rabbi Eli Goldberg The attached notes form part of these accounts. Page 9 ## **CHESED LEYISRUEL TRUST** Charity Commission Number 1141178 Financial Statements For Year Ended 31 March 2021 ## **Notes To The Accounts** ## **1) Principal Accounting Policies** Basis of Accounting 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 effective 1 January 2015). ## Donations and Fund Accounting Donations and Grants for activities restricted by the donors are taken to restricted funds if the wishes and conditions of the donor are legally binding on the Trustees. ## Resources Expended Resources expended are accounted for on an accruals basis. Certain expenditure is apportioned to cost categories based on estimated amount attributable to that activity in the year. These estimates are based on the time and level of activity as appropriate. Management and administration costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements. The irrecoverable element of VAT is included with the item of expense to which it relates. ## **2) Taxation** The Charitable organisation is exempt from taxation on its charitable activities. |**3) Governance**
**Independent Examiner fee**
Fees payable to the independent examiner for:
independent examination of the financial statements
**4) Fixed assets**
**Land and property at cost**
At 1 April 2019 and 31 March 2020
**5) Creditors**
Accruals
Other creditors
**6) Debtors**
Other debtors||**_£_**
**_2021_**
**800**
**0**
**800**
**1,948**
**2,748**
**0**|_£_
_2020_| |---|---|---|---| ||||800| ||||| ||||70,000| ||||800
39,200| ||||40,000| ||||| ||||3,000| ## **7) Charitable Donations** All charitable donations were distributed to beneficiaries who required help during the year.