Charity registration number 1156498
JUSTMAN CHARITABLE TRUST
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
JUSTMAN CHARITABLE TRUST
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Mr S Zobin Mrs J Zobin Mr G Lewin
(Appointed 23 January 2024)
Charity number 1156498
Registered office 88 The Ridgeway London NW11 9RU
Independent examiner
Weissbraun Emanuel 220 The Vale London NW11 8SR
JUSTMAN CHARITABLE TRUST
CONTENTS
| Page | |
|---|---|
| Trustees' report | 1 |
| Independent examiner's report | 2 |
| Statement of financial activities | 3 |
| Balance sheet | 4 |
| Notes to the financial statements | 5 - 8 |
JUSTMAN CHARITABLE TRUST
TRUSTEES' REPORT
FOR THE YEAR ENDED 5 APRIL 2024
The trustees present their annual report and financial statements for the year ended 5 April 2024.
The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity's objectives, the Charities Act 2011 and the Statement of Recommended Practice, "Accounting and Reporting by Charities", issued in March 2005.
Objectives and activities
The charity's objects are the advancement of the Orthodox Jewish Faith.
Public benefit
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
Achievements and performance
Significant activities and achievements against objectives
Financial review
The charity at the year end made a surplus of £21,173 (2023: deficit of £20,116).
Major risks
The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
Structure, governance and management
The charity was established by a charitable trust deed on 20 January 2014.
The trustees who served during the year and up to the date of signature of the financial statements were: Mr S Zobin
Mrs J Zobin Mr G Lewin (Appointed 23 January 2024)
The trustees' report was approved by the Board of Trustees.
Mr S Zobin
Trustee
27 January 2025
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JUSTMAN CHARITABLE TRUST
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF JUSTMAN CHARITABLE TRUST
I report to the trustees on my examination of the financial statements of Justman Charitable Trust (the charity) for the year ended 5 April 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 2011 Act).
I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.
I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I confirm that no 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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1 accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or
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2 the financial statements do not accord with those records; or
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3 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 financial statements to be reached.
Michael Weissbraun Weissbraun Emanuel Chartered Accountants
220 The Vale London NW11 8SR
Dated: 27 January 2025
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JUSTMAN CHARITABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 5 APRIL 2024
| Unrestricted | Unrestricted | ||
|---|---|---|---|
| funds | funds | ||
| 2024 | 2023 | ||
| Notes | £ | £ | |
| Income from: | |||
| Donations and legacies | 2 | 37,000 | - |
| Investments | 3 | 2,321 | 4,785 |
| Total income | 39,321 | 4,785 | |
| Expenditure on: | |||
| Charitable activities | 4 | 46,411 | 24,619 |
| Total expenditure | 46,411 | 24,619 | |
| Net gains/(losses) on investments | 10 | 28,263 | (282) |
| Net income/(expenditure) and movement in funds | 21,173 | (20,116) | |
| Reconciliation of funds: | |||
| Fund balances at 6 April 2023 | 76,867 | 96,983 | |
| Fund balances at 5 April 2024 | 98,040 | 76,867 |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
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JUSTMAN CHARITABLE TRUST
BALANCE SHEET
AS AT 5 APRIL 2024
| Notes Current assets Investments 12 Cash at bank and in hand Creditors: amounts falling due within one year 13 Net current assets The funds of the charity Unrestricted funds 14 |
2024 £ 99,474 6 99,480 (1,440) |
£ 98,040 98,040 98,040 |
2023 £ 78,032 215 78,247 (1,380) |
£ 76,867 |
|---|---|---|---|---|
| 76,867 | ||||
| 76,867 |
The financial statements were approved by the trustees on 27 January 2025
Mr S Zobin Trustee
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JUSTMAN CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024
1 Accounting policies
Charity information
Justman Charitable Trust is a charity established by trust deed on 20 January 2014.
1.1 Accounting convention
The financial statements have been prepared in accordance with the charity's [governing document], the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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). The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.
1.2 Going concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
1.4 Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
1.5 Expenditure
Liabilities are recognised as expenditure as soon as there is a legal and constructive obligation committing the Charity to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured.
2 Income from donations and legacies
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2024 | 2023 | |
| £ | £ | |
| Donations and gifts | 37,000 | - |
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JUSTMAN CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024
3 Income from investments
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2024 | 2023 | |
| £ | £ | |
| Income from listed investments | 2,318 | 4,784 |
| Interest receivable | 3 | 1 |
| 2,321 | 4,785 |
4 Expenditure on charitable activities
| Charitable | Charitable | |
|---|---|---|
| Expenditure | Expenditure | |
| 2024 | 2023 | |
| £ | £ | |
| Direct costs | ||
| Grant funding of activities (see note 5) | 45,527 | 23,809 |
| Share of support and governance costs (see note 6) | ||
| Support | 134 | 120 |
| Governance | 750 | 690 |
| 46,411 | 24,619 | |
| Analysis by fund | ||
| Unrestricted funds | 46,411 | 24,619 |
5 Grants payable
| charitable | charitable | |
|---|---|---|
| activities | activities | |
| 2024 | 2023 | |
| £ | £ | |
| Grants to institutions | 45,527 | 23,809 |
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JUSTMAN CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
6 Support costs allocated to activities
| Governance costs Analysed between: Charitable activities 7 Net movement in funds The net movement in funds is stated after charging/(crediting): |
2024 £ 134 750 884 884 2024 £ |
2023 £ 120 690 |
|---|---|---|
| 810 | ||
| 810 | ||
| 2023 £ |
8 Trustees
None of the trustees (or any persons connected with them) received any remuneration during the year.
9 Employees
The average monthly number of employees during the year was:
| The average monthly number of employees during the year was: | ||
|---|---|---|
| 2024 | 2023 | |
| Number | Number | |
| Total | - | - |
| There were no employees whose annual remuneration was more than £60,000. | ||
| Remuneration of key management personnel | ||
| The remuneration of key management personnel was as follows: |
10 Net gains/(losses) on investments
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2024 | 2023 | |
| £ | £ | |
| Revaluation of investment | 28,263 | (282) |
11 Taxation
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
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JUSTMAN CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
12 Current asset investments
| Listed investments 13 Creditors: amounts falling due within one year Accruals and deferred income |
2024 £ 99,474 2024 £ 1,440 |
2023 £ 78,032 |
|---|---|---|
| 2023 £ 1,380 |
14 Unrestricted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
| At General funds Previous year: At General funds |
6 April 2023 Incoming resources Resources expended Gains and losses At £ £ £ £ 76,867 39,321 (46,411) 28,263 6 April 2022 Incoming resources Resources expended Gains and losses At £ £ £ £ 96,983 4,785 (24,619) (282) |
5 April 2024 £ 98,040 |
|---|---|---|
| 5 April 2023 £ 76,867 |
15 Related party transactions
Transactions with related parties
In the year to 5 April 2024, the charity received donations totalling £37,000 from Stephen Zobin, a Trustee of the Charity. (2023 - none)
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