**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 - 1 - ## **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: - 1 accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or - 2 the financial statements do not accord with those records; or - 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 - 2 - ## **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. - 3 - ## **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** - 4 - ## **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|-| - 5 - ## **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| - - 6 - ## **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. - 7 - ## **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) - 8 -