ORMIYAD FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31ST DECEMBER 2024
CHARITY NUMBER: 1151761
ORMIYAD CHARITABLE TRUST
PERIOD ENDED 31ST DECEMBER 2024
Legal and administrative information
| Trustees: | Mrs B Weider |
|---|---|
| Mr J Weider | |
| Mr D Peters | |
| Charity registration number: | 1151761 |
| Correspondent address: | 15 Riverside Drive |
| 300 Golders Green Road | |
| London | |
| NW11 9PX |
ORMIYAD CHARITABLE TRUST
INDEX TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31ST DECEMBER 2024
| Report of the Trustees Independent Examiner's Report to the Trustees of ORMIYAD Balance Sheet Statement of financial activities Notes to the Financial Statement |
Page No. 1-2 3 4 5 6 - 7 |
|---|---|
ORMIYAD CHARITABLE TRUST
REPORT OF TRUSTEES
The trustees present their report along with the financial statements of the charity for the year ending 31st December 2024.
TRUSTEES
The Trustees who held office during the period were as follows:
Mrs B Weider Mr J Weider Mr D Peters
PRINCIPAL ACTIVITY
ORMIYAD is a non-profit making and recognised charity.
The Charity was formed under a constitution dated 15 March 2013, with its objectives being:-
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a) the advancement of the Orthodox Jewish faith by providing financial and other support for Jewish schools, synagogues and other communal organisations;
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b) the relief of those in need because of youth, age, ill-health, disability, financial hardship or other disadvantage by providing financial and other support;
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c) the relief of sickness and the preservation of health among people anywhere; and
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d) the promotion of such other purposes being exclusively charitable according to the law of England and Wales.
The Trustees have a particular interest in supporting charitable projects in the UK and Israel initially, although they will consider making grants to organisations anywhere in the world.
Where funding is provided to organisations outside the UK, the Trustees will take care and steps to ensure that funds are used only for projects that are charitable under English law.
RESULTS
The results for the period are set out on page 5.
REVIEW OF THE CHARITY'S ACTIVITIES
At the year-end the Charity was holding unrestricted reserves of £223,578.
The Trustees will apply these funds for charitable purposes at their discretion for the direct purpose of fulfilling the Charity's objectives. The Trustees have taken advice from a professional investment advisor to assist it with investment decisions until they have found suitable charitable purposes that fulfil the Charity’s objectives.
The reserves have been invested following the recommendations of the investment advisor.
Income comprises investment income, bank interest and donations received; during the year no donations were received. The Charity made charitable donations of £32,960 and incurred administrative costs of £535. The Charity got a return of £32,808 from its investments (including investment income of £11,767).
There were very little Charity administrative expenses incurred during the year and the ongoing future level of administrative costs are expected to be low.
There was a £687 deficit of donations made over investment income received during the year.
The Trustees consider that the level of unrestricted reserves as at the period end are justified.
Throughout the period the Charity has employed no staff.
TRUSTEES RESPONSIBILITIES
Law applicable to charities in England and Wales 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 and of the surplus or deficit of the charity for that period.
In preparing the financial statements, the trustees are required to: - Select suitable accounting policies and then apply them consistently and; - Make judgements and estimates that are reasonable and prudent;
The trustees are also responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 1993. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by the trustees and signed on their behalf by Mrs B Weider on the 27[th ] day of October 2025.
Mrs B Weider (Trustee)
Independent Examiner's Report to the Trustees of ORMIYAD
I report on the accounts of the Trust for the year ended 31st December 2024 which are set out on pages 4 to 7.
Respective responsibilities of trustees and examiner
The charity's trustees consider that an audit is not required for this year under section 43(2) of the Charities Act 1993 (the Act) and that an independent examination is needed.
It is my responsibility to:
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examine the accounts (under section 43 of the Act)
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follow the procedures laid down in the General Directions given by the Charity Commission (under section 43(7)(b) of the Act); and
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state whether particular matters have come to my attention.
Basis of independent examiner's statement
My examination was carried out in accordance with General Directions given by the Charity Commissioners. 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 you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the accounts.
Independent examiner's statement
In the course of my examination, no matter has come to my attention:
1 which gives me reasonable cause to believe that, in any material respect, the trustees have not met requirement to ensure that:
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proper accounting records are kept in accordance with section 41 of the Act; and
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• accounts are prepared which agree with the accounting records and comply with the accounting requirements of the Act; or
2 to which, in my opinion attention should be drawn in order to enable a proper understanding of the accounts to be reached.
SAUL FORMAN ACA
23 Woodlands Close
London
Date 27 October 2025
NW11 9QR
ORMIYAD CHARITABLE TRUST
BALANCE SHEET AS AT 31ST DECEMBER 2024
| INVESTMENTS CURRENT ASSETS Debtors Cash at Bank CURRENT LIABILITIES NET CURRENT ASSETS TOTAL ASSETS FUNDS Funds |
NOTES 6 7 8 3 |
2024 £ £ 196,168 - 27,410 27,410 - 27,410 223,578 223,578 |
2023 £ £ 190,573 - 33,692 33,692 - 33,692 224,265 224,265 |
|---|---|---|---|
Mrs B Weider (Trustee)
Approved by the Trustees on the: 27[th] day of October 2025.
The notes on page 5 to 6 form an integral part of these financial statements
ORMIYAD CHARITABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE PERIOD ENDED 31ST DECEMBER 2024
| INCOME ADD:INCREASE / (FALL) IN VALUE OF LESS:DIRECT CHARITABLE EXPENDITURE LESS:ADMINISTRATION (DEFICIT) FOR THE YEAR |
NOTES 2024 £ 2 11,767 INVESTMENTS 21,041 4 (32,960) 5 (535) _____ (687) |
2023 £ 16,635 11,197 (43,775) (715) (16,656) |
|---|---|---|
The notes on page 6 to 8 form an integral part of these financial statements
ORMIAYD CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS – 31ST DECEMBER 2024
1. ACCOUNTING POLICIES
(a) Basis of Accounting
The financial statements have been prepared under the historical cost convention and in accordance with the Statement of Recommended Practice “Accounting and Reporting by Charities” (SORP 2005) as far as practicable, given the charity’s nature and size.
(b) Donations
Income from donations is accounted for on a received basis.
(c) Investments
Gains and losses arising from changes in the fair value of available-for-sale listed investments are recognised through the statement of financial activities.
2. RECONCILIATION OF MOVEMENT ON THE FUNDS
| Unrestricted Restricted ££ Income from Investments 11,767 - Fair value change in Investments21,041 - Total return from investments 32,808 - Opening Value of Funds224,265 - Funds Available for Use 257,073 - Direct Charitable Expenditure (See Note 4) (32,960) - Administration (See Note 5)(535) - Unrestricted Funds223,578 - 3.ANALYSIS OF FUND BALANCES BETWEEN THE NET ASSETS Unrestricted Restricted Funds Funds ££ Net Current Assets – as at 31st December 2024 223,578 - 4ANALYSIS OF DIRECT CHARITABLE EXPENDITURE 2024 £ Donations to registered Charities in UK 32,960 |
Total £ 11,767 21,041 32,808 224,265 257,073 (32,960) (536) 223,578 Total Funds £ 223,578 |
|---|---|
| 2024 | ||
|---|---|---|
| 5. | ADMINISTRATIVE EXPENSES | £ |
| Bank charges and nominee fees | 535 | |
| Other | - | |
| 535 | ||
| 6. | FIXED ASSETS INVESTMENTS | |
| £ | ||
| Value B/fwd | 190,573 | |
| Additions | 10,529 | |
| Change in value | 21,041 | |
| Disposals |
(25,975) | |
| Value C/fwd | 196,168 | |
| The fixed asset investments comprise a selection of Qualifying Corporate Bonds and Listed Equiti | ||
| 7. | DEBTORS | £ |
| Other Debtors | - | |
| 8. | CREDITORS | £ |
| Accruals | - |
The fixed asset investments comprise a selection of Qualifying Corporate Bonds and Listed Equities.
9. RELATED PARTY TRANSACTIONS
No Trustee received any remuneration or benefit from the charity during the period.