REGISTERED CHARITY NUMBER: 1153549
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS
FOR THE PERIOD 1 DECEMBER 2020 TO 31 DECEMBER 2021
FOR
KEREN CHOCHMAS SHLOMA TRUST
Venitt and Greaves Statutory Auditors Chartered Accountants 115 Craven Park Road South Tottenham London N15 6BL
KEREN CHOCHMAS SHLOMA TRUST
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE PERIOD 1 DECEMBER 2020 TO 31 DECEMBER 2021
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Report of the Independent Auditors | 3 | to | 5 |
| Statement of Financial Activities | 6 | ||
| Balance Sheet | 7 | ||
| Cash Flow Statement | 8 | ||
| Notes to the Cash Flow Statement | 9 | ||
| Notes to the Financial Statements | 10 | to | 15 |
KEREN CHOCHMAS SHLOMA TRUST
REPORT OF THE TRUSTEES FOR THE PERIOD 1 DECEMBER 2020 TO 31 DECEMBER 2021
The trustees present their report with the financial statements of the charity for the period 1 December 2020 to 31 December 2021. The trustees have adopted the provisions of 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).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The object of the charity is the advancement of the Orthodox Jewish faith.
The trustees confirm that they have referred to the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives. The charity carries out its objects by grantmaking.
Grantmaking
Applications by individuals must be accompanied by a letter of recommendation by the applicant's minister or other known religious leader. In the case of applications by charities, the collecting agents' references are verified by special agency, unless known to the trustees. Assistance is given according to circumstances and available finance.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
During the year under review the charity raised substantial funds and has spent almost all of the funds raised in the furtherance of its objectives.
During the year under review the charity received generous donations that amounted to £1,893,159 (2020: £1,600,334) and paid donations that amounted to £1,908,480 (2020: £1,571,631).
FINANCIAL REVIEW
Financial position
The charity is reliant on donations. The trustees are satisfied with the results for the year. The charity continued to support institutions both in England and abroad especially in the areas for the relief of poverty and religious education, as detailed in note 4 to the financial statements.
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 after considering the future commitments of the charity and the likely administrative costs of the charity for the next year.
FUTURE PLANS
The charity plans to continue its activities subject to satisfactory incoming resources.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The trust was established by Deed of Trust dated 24 April 2013 as amended by a Deed dated 23 August 2013.
Organisational structure
The power to appoint new trustees is vested in the current board. It is not the intention of the trustees of the charity to appoint any new trustees. Should the situation change in the future, the trustees will apply suitable recruitment induction and training procedures.
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
1153549
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KEREN CHOCHMAS SHLOMA TRUST
REPORT OF THE TRUSTEES FOR THE PERIOD 1 DECEMBER 2020 TO 31 DECEMBER 2021
Principal address
123 Castlewood Road London N15 6BD
Trustees
Mr J Herzog Mr M Y Glaser Mr M Just
Auditors
Malcolm Venitt Venitt and Greaves Statutory Auditors Chartered Accountants 115 Craven Park Road South Tottenham London N15 6BL
STATEMENT OF TRUSTEES' RESPONSIBILITIES
The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed 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 incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charity SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are 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 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. 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 order of the board of trustees on 12 October 2022 and signed on its behalf by:
Mr M Y Glaser - Trustee
Page 2
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF KEREN CHOCHMAS SHLOMA TRUST
Opinion
We have audited the financial statements of Keren Chochmas Shloma Trust (the 'charity') for the period ended 31 December 2021 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
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give a true and fair view of the state of the charity's affairs as at 31 December 2021 and of its incoming resources and application of resources, for the period then ended;
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have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
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have been prepared in accordance with the requirements of the Charities Act 2011.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
Other information
The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.
Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.
Matters on which we are required to report by exception
We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:
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the information given in the Report of the Trustees is inconsistent in any material respect with the financial statements; or
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sufficient accounting records have not been kept; or
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the financial statements are not in agreement with the accounting records and returns; or
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we have not received all the information and explanations we require for our audit.
Page 3
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF KEREN CHOCHMAS SHLOMA TRUST
Responsibilities of trustees
As explained more fully in the Statement of Trustees' Responsibilities, the trustees are responsible for the preparation of the financial statements which give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.
Our responsibilities for the audit of the financial statements
We have been appointed as auditors under Section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
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We obtained an understanding of the legal and regulatory frameworks that are applicable to the charity through discussion with the trustees and identified financial reporting legislation and charity legislation as being most significant to these financial statements.
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We communicated these identified frameworks amongst our audit team and remained alert to any indications of non-compliance throughout the audit. We ensured that the engagement team had sufficient competence and capability to identify or recognise non-compliance with laws and regulations.
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We discussed with the trustees the policies and procedures regarding compliance with these legal and regulatory frameworks.
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We assessed the susceptibility of the charity's financial statements to material misstatement due to non-compliance with legal and regulatory frameworks, including how fraud might occur, by enquiry with the trustees during the planning and finalisation stages of our audit. The susceptibility to such material misstatement was determined to be low.
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Based on this understanding, we designed our audit procedures to identify non-compliance with the identified legal and regulatory frameworks, which were part of our procedures on the related financial statement items.
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We performed appropriate audit testing on the recognition and completeness of income.
Our audit procedures were designed to respond to risks of material misstatement in the financial statements, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery, misrepresentations or through collusion. There are inherent limitations in the audit procedures performed and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we are to become aware of it.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.
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REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF KEREN CHOCHMAS SHLOMA TRUST
Use of our report
This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for our audit work, for this report, or for the opinions we have formed.
Venitt and Greaves Statutory Auditors Chartered Accountants 115 Craven Park Road South Tottenham London N15 6BL
12 October 2022
Page 5
KEREN CHOCHMAS SHLOMA TRUST
STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD 1 DECEMBER 2020 TO 31 DECEMBER 2021
| Notes INCOME AND ENDOWMENTS FROM Donations and legacies 2 Investment income 3 Total EXPENDITURE ON Raising funds 4 Charitable activities 5 Relief of poverty Religious education Advancement of religion Medical aid Other Total NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Period 1.12.20 to 31.12.21 Unrestricted funds £ 1,893,159 51 1,893,210 2,500 833,950 500,084 481,085 94,505 14,478 1,926,602 (33,392) 32,700 (692) |
Period 1.11.19 to 30.11.20 Total funds £ 1,600,334 152 |
|---|---|---|
| 1,600,486 | ||
| - 1,021,961 445,040 69,875 34,755 5,061 |
||
| 1,576,692 | ||
| 23,794 8,906 |
||
| 32,700 |
The notes form part of these financial statements
Page 6
KEREN CHOCHMAS SHLOMA TRUST
BALANCE SHEET 31 DECEMBER 2021
| 31.12.21 | 30.11.20 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| funds | funds | ||
| Notes | £ | £ | |
| CURRENT ASSETS | |||
| Cash at bank | 6,508 | 36,900 | |
| CREDITORS | |||
| Amounts falling due within one year | 10 | (7,200) | (4,200) |
| NET CURRENT ASSETS/(LIABILITIES) | (692) | 32,700 | |
| TOTAL ASSETS LESS CURRENT | |||
| LIABILITIES | (692) | 32,700 | |
| NET ASSETS | (692) | 32,700 | |
| FUNDS | 11 | ||
| Unrestricted funds | (692) | 32,700 | |
| TOTAL FUNDS | (692) | 32,700 |
The financial statements were approved for issue by the Board of Trustees and authorised for issue on 12 October 2022 and were signed on its behalf by:
Mr M Y Glaser - Trustee
The notes form part of these financial statements
Page 7
KEREN CHOCHMAS SHLOMA TRUST
CASH FLOW STATEMENT FOR THE PERIOD 1 DECEMBER 2020 TO 31 DECEMBER 2021
| Period | Period | ||
|---|---|---|---|
| 1.12.20 | 1.11.19 | ||
| to | to | ||
| 31.12.21 | 30.11.20 | ||
| Notes | £ | £ | |
| Cash flows from operating activities | |||
| Cash generated from operations | 1 | (30,443) | 24,241 |
| Net cash (used in)/provided by operating activities | (30,443) | 24,241 | |
| Cash flows from investing activities | |||
| Interest received | 51 | 152 | |
| Net cash provided by investing activities | 51 | 152 | |
| Change in cash and cash equivalents in | |||
| the reporting period | (30,392) | 24,393 | |
| Cash and cash equivalents at the | |||
| beginning of the reporting period | 36,900 | 12,507 | |
| Cash and cash equivalents at the end of | |||
| the reporting period | 6,508 | 36,900 |
The notes form part of these financial statements
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KEREN CHOCHMAS SHLOMA TRUST
NOTES TO THE CASH FLOW STATEMENT FOR THE PERIOD 1 DECEMBER 2020 TO 31 DECEMBER 2021
1. RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
| OPERATING ACTIVITIES | ||
|---|---|---|
| Period | Period | |
| 1.12.20 | 1.11.19 | |
| to | to | |
| 31.12.21 | 30.11.20 | |
| £ | £ | |
| Net (expenditure)/income for the reporting period (as per the | ||
| Statement of Financial Activities) | (33,392) | 23,794 |
| Adjustments for: | ||
| Interest received | (51) | (152) |
| Increase in creditors | 3,000 | 599 |
| Net cash (used in)/provided by operations | (30,443) | 24,241 |
2.
ANALYSIS OF CHANGES IN NET FUNDS
| At Net cash Cash at bank Total |
1.12.20 Cash flow At 31.12.21 £ £ £ 36,900 (30,392) 6,508 36,900 (30,392) 6,508 36,900 (30,392) 6,508 |
1.12.20 Cash flow At 31.12.21 £ £ £ 36,900 (30,392) 6,508 36,900 (30,392) 6,508 36,900 (30,392) 6,508 |
|---|---|---|
| 6,508 | ||
| 6,508 |
The notes form part of these financial statements
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KEREN CHOCHMAS SHLOMA TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD 1 DECEMBER 2020 TO 31 DECEMBER 2021
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.
Donations are included in full in the Statement of Financial Activities when received.
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.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Support costs are those incurred to assist the work of the charity but are not direct charitable activities.
Governance costs
Goverance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.
Taxation
The charity is exempt from tax on its charitable activities.
Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.
2. DONATIONS AND LEGACIES
| DONATIONS AND LEGACIES | ||
|---|---|---|
| Period | Period | |
| 1.12.20 | 1.11.19 | |
| to | to | |
| 31.12.21 | 30.11.20 | |
| £ | £ | |
| Donations | 1,893,159 | 1,600,334 |
continued...
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KEREN CHOCHMAS SHLOMA TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 1 DECEMBER 2020 TO 31 DECEMBER 2021
| 3. INVESTMENT INCOME Deposit account interest 4. RAISING FUNDS Raising donations and legacies Fundraising event 5. CHARITABLE ACTIVITIES COSTS Relief of poverty Religious education Advancement of religion Medical aid 6. GRANTS PAYABLE Relief of poverty Religious education Advancement of religion Medical aid Institutional grants include the following: Care All Limited Chasdei Sorele Edupoor Ltd Friends of Gur Foundation Israel Ichud Mosdos Gur Limited |
Grant funding of activities (see note 6) £ 833,950 498,940 481,085 94,505 1,908,480 |
Period 1.12.20 to 31.12.21 £ 51 Period 1.12.20 to 31.12.21 £ 2,500 Support costs (see note 7) £ - 1,144 - - 1,144 Period 1.12.20 to 31.12.21 £ 833,950 498,940 481,085 94,505 1,908,480 |
Period 1.11.19 to 30.11.20 £ 152 Period 1.11.19 to 30.11.20 £ - Totals £ 833,950 500,084 481,085 94,505 1,909,624 Period 1.11.19 to 30.11.20 £ 1,021,961 445,040 69,875 34,755 1,571,631 |
|---|---|---|---|
| 31.12.21 | |||
| £186,900 £49,455 £203,920 £52,500 £47,500 |
|||
continued...
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KEREN CHOCHMAS SHLOMA TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 1 DECEMBER 2020 TO 31 DECEMBER 2021
6. GRANTS PAYABLE - continued
| Institutions of Torah | £99,600 £250,000 |
|---|---|
| Kimche d'Pischa | |
| Lomdim | £17,170 |
| Mosdos Pnei Menachem | £35,000 |
| Shir Chesed Beis Yisroel | £356,150 |
| Nachzik Chazak | £13,000 |
| Merkaz Bob | £21,000 |
| Support the Charity Worker | £138,900 |
| Tchabe Kollel | £28,000 |
| Torah Vachesed | £13,500 |
| Yachad Ltd | £85,200 |
| Yeshiva of Chan | £25,000 |
| Chasdei Sorele | £12,000 |
| Other grants below £10,000 | £66,995 |
| Total | £1,701,790 |
7. SUPPORT COSTS
| SUPPORT COSTS | ||||
|---|---|---|---|---|
| Governance | ||||
| Finance | costs | Totals | ||
| £ | £ | £ | ||
| Other resources expended | 10,278 | 4,200 | 14,478 | |
| Religious education | 1,144 | - | 1,144 | |
| 11,422 | 4,200 | 15,622 | ||
| Support costs, included in the above, are as follows: | ||||
| Period | Period | |||
| 1.12.20 | 1.11.19 | |||
| to | to | |||
| 31.12.21 | 30.11.20 | |||
| Other | ||||
| resources | Religious | Total | Total | |
| expended | education | activities | activities | |
| £ | £ | £ | £ | |
| Rent | 9,152 | 1,144 | 10,296 | - |
| Postage and stationery | 460 | - | 460 | - |
| Bank charges | 666 | - | 666 | 861 |
| Auditors' remuneration | 4,200 | - | 4,200 | 4,200 |
| 14,478 | 1,144 | 15,622 | 5,061 |
continued...
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KEREN CHOCHMAS SHLOMA TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 1 DECEMBER 2020 TO 31 DECEMBER 2021
8. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the period ended 31 December 2021 nor for the period ended 30 November 2020.
Trustees' expenses
There were no trustees' expenses paid for the period ended 31 December 2021 nor for the period ended 30 November 2020.
9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| INCOME AND ENDOWMENTS FROM Donations and legacies Investment income Total EXPENDITURE ON Charitable activities Relief of poverty Religious education Advancement of religion Medical aid Other Total NET INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted funds £ 1,600,334 152 |
|---|---|
| 1,600,486 | |
| 1,021,961 445,040 69,875 34,755 5,061 |
|
| 1,576,692 | |
| 23,794 8,906 |
|
| 32,700 |
continued...
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KEREN CHOCHMAS SHLOMA TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 1 DECEMBER 2020 TO 31 DECEMBER 2021
| 10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other creditors 11. MOVEMENT IN FUNDS At 1.12.20 £ Unrestricted funds General fund 32,700 TOTAL FUNDS 32,700 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 1,893,210 TOTAL FUNDS 1,893,210 Comparatives for movement in funds At 1.11.19 £ Unrestricted funds General fund 8,906 TOTAL FUNDS 8,906 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 1,600,486 TOTAL FUNDS 1,600,486 |
31.12.21 £ 7,200 Net movement in funds £ (33,392) (33,392) Resources expended £ (1,926,602) (1,926,602) Net movement in funds £ 23,794 23,794 Resources expended £ (1,576,692) (1,576,692) |
30.11.20 £ 4,200 At 31.12.21 £ (692) (692) Movement in funds £ (33,392) (33,392) At 30.11.20 £ 32,700 32,700 Movement in funds £ 23,794 23,794 |
|---|---|---|
continued...
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KEREN CHOCHMAS SHLOMA TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 1 DECEMBER 2020 TO 31 DECEMBER 2021
12. RELATED PARTY DISCLOSURES
During the period the charity paid donations to KEREN HATZOLAS DOROS ALEI SIACH that amounted to £7,100 (2020: £301,550). The charity and KEREN HATZOLAS DOROS ALEI SIACH share a common trustee.
During the period the charity paid donations to SHIR CHESED BEIS YISROEL that amounted to £356,150 (2020: £295,300). The charity and SHIR CHESED BEIS YISROEL share a common trustee.
As at the balance sheet date the charity owed SHIR CHESED BEIS YISROEL £3,000 (2020: £nil). The charity and SHIR CHESED BEIS YISROEL share a common trustee.
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