Docusign Envelope ID: 1119813C-2919-442A-A89B-9C54C50EB4C3
## **ISRAEL NORMAN SMITH CHARITABLE TRUST**
## **ANNUAL REPORT**
**FOR THE YEAR ENDED 5 APRIL 2024**
**REGISTERED CHARITY NO. 1157712**
Docusign Envelope ID: 1119813C-2919-442A-A89B-9C54C50EB4C3
## **ISRAEL NORMAN SMITH CHARITABLE TRUST**
## **REGISTERED CHARITY NUMBER 1157712**
## **CONTENTS**
||Page|
|---|---|
|Legal and administrative information|3|
|Report to the trustees|4 - 5|
|Annual report|6|
|Receipts and Payments Account|7|
|Statement of Assets and Liabilities|8|
|Notes forming part of the financial statements|9 - 11|
Docusign Envelope ID: 1119813C-2919-442A-A89B-9C54C50EB4C3
## **ISRAEL NORMAN SMITH CHARITABLE TRUST**
## **REGISTERED CHARITY NUMBER 1157712**
## **TRUST INFORMATION**
## **Trustees**
Mr A Smith (Chairman) Mr M D Zybutz
## **Principal Office**
28 Heathgate London NW11 7AN
## **Bankers**
Santander 2 Triton Square Regents Place London NW1 3AN
## **Accountants**
Oliver Clive & Co Limited Chartered Accountants 14 David Mews London W1U 6EQ
Docusign Envelope ID: 1119813C-2919-442A-A89B-9C54C50EB4C3
## **ISRAEL NORMAN SMITH CHARITABLE TRUST REPORT TO THE TRUSTEES FOR THE YEAR ENDED 5 APRIL 2024**
The trustees present their report and financial statements for the year ended 5 April 2024
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity’s constitution, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice (FRS 102).
## **Structure, governance and management**
The trust is governed by a deed of trust dated 24 March 2014 and is a registered charity (charity number 1157712).
The trustees who served during the year were:
Mr A Smith Mr M D Zybutz
Apart from the first trustees, every trustee must be appointed by a resolution of the trustees at a special meeting called under clause 15 of the trust deed.
## **Objectives and activities for the public benefit**
The objectives of the trust are: 1. The advancement of the orthodox Jewish Faith; 2. The relief of poverty and 3. The relief of sickness and preservation of health.
The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the Trust's aims and objectives and in planning future activities and setting the grant making policy in the year.
## **Review of activities for the year**
The trust has raised funds through donations for the purposes of fulfilling its objectives. During the year these objectives were met through donations made.
The trustees may invest the unrestricted funds in any type of investment as seen fit.
## **Reserves Policy**
It is the policy of the Trust that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six months expenditure. The trustees consider that funds at this level will ensure that in the event of a significant drop in funding they will be able to continue the Trust's current activities while consideration is given to ways in which additional funds may be raised.
## **Risk management**
The trustees have examined the major, strategic, business and operational risks that the charity faces and confirm that the systems have been established to ensure that these risks are minimised.
Docusign Envelope ID: 1119813C-2919-442A-A89B-9C54C50EB4C3
# **ISRAEL NORMAN SMITH CHARITABLE TRUST REPORT TO THE TRUSTEES FOR THE YEAR ENDED 5 APRIL 2024**
**4**
## **Independent examiner**
The trustees have appointed Oliver Clive and Co Limited as independent examiner to undertake the independent examination of the trust.
## **Trustees' responsibilities in relation to the financial statements**
The trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom
The 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 incoming resources and application of resources of the charity for that period.
In preparing these financial statements the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material
- departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to
- presume that the charity will continue in business.
## **Trustees**
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.
12 September 2024
Approved by the trustees on and signed on their behalf by
**Mr A Smith** Cre6BE44C1D0CDB4C7... by: **Chairman**
Docusign Envelope ID: 1119813C-2919-442A-A89B-9C54C50EB4C3
**ISRAEL NORMAN SMITH CHARITABLE TRUST REPORT TO THE TRUSTEES FOR THE YEAR ENDED 5 APRIL 2024**
5
Docusign Envelope ID: 1119813C-2919-442A-A89B-9C54C50EB4C3
## **ISRAEL NORMAN SMITH CHARITABLE TRUST INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 5 APRIL 2024**
I report on the financial statements of the Trust for the year ended 5 April 2024, which are set out on pages 7 to 11.
## **Respective responsibilities of trustees and examiner**
The charity’s trustees are responsible for the preparation of the financial statements. The charity’s trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is my responsibility:
- to examine the accounts (under section 145 of the 2011 Act);
- to follow the procedures laid down in the General Directions given by the Charity Commission (under section 145(5)b of the 2011 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 the 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 financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, 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 no opinion is given as to whether the financial statements present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.
## **Independent examiner’s statement**
In connection with my examination, no matter has come to my attention:
- (a) which gives me reasonable cause to believe that in any material respect the requirements: (i) to keep accounting records in accordance with section 130 of the 2011 Act; and (ii) to prepare financial statements which accord with the accounting records and comply with the accounting requirements of the 2011 Act
have not been met; or
- (b) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached.
Emma Benjamin CA Independent Examiner 14 David Mews Oliver Clive & Co Limited London Chartered Accountants W1U 6EQ Dated 12 September 2024
6
Docusign Envelope ID: 1119813C-2919-442A-A89B-9C54C50EB4C3
## **ISRAEL NORMAN SMITH CHARITABLE TRUST REGISTERED CHARITY NUMBER 1157712 RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 5 APRIL 2024**
|**Incoming Resources**
Donations
Gift Aid
Interest Received
**Total Incoming Resources**
**Resources Expended**
Direct Charitable Expenditure
Donations
**3**
Administration
Charges
**Total Resources Expended**
**Net expenditure for the year**
**and Net**
**movement in funds**
**Fund balance at 5 April 2020**
**Fund balance at 5 April 2021**|**£**
39,930
1,860
-
41,790
-
-
(78)
(78)
41,712
24,721
66,433
**Unrestricted**
**Funds**|**£**
-
-
-
-
-
-
-
-
-
-
-
**Restricted**
**Funds**|**Period**
**Ended**
**5-Apr-24**
**Total**
**£**
39,930
1,860
-
41,790
-
-
(78)
-
(78)
41,712
21,285
62,997|**Period**
**Ended**
**5-Apr-23**
**Total**
**£**
2,500
1,482
-|
|---|---|---|---|---|
|||||3,982|
|||||(4,000)
-
(21)
-|
|||||(4,021)|
|||||(39)
24,760|
|||||24,721|
The statement of financial activities includes all gains and losses in the year and therefore a separate statement of total recognised gains and losses has not been prepared.
All of the incoming resources and resources expended derive from continuing activities.
The notes on pages 9 - 11 form part of these financial statements.
7
Docusign Envelope ID: 1119813C-2919-442A-A89B-9C54C50EB4C3
## **ISRAEL NORMAN SMITH CHARITABLE TRUST REGISTERED CHARITY NUMBER 1157712 STATEMENT OF ASSETS AND LIABILITIES AS AT 5 APRIL 2024**
|||**05-Apr-24**||**05-Apr-23**|
|---|---|---|---|---|
||**£**|**£**|**£**|**£**|
|**Current Assets**|||||
|Debtors|22,366||22,366||
|Cash at bank and in hand|551||2,355||
||22,917||24,721||
|**Creditors: Amounts falling due within**|||||
|**one year**|-||-||
|**Net current assets**||22,917||24,721|
|||22,917||24,721|
|**Creditors: Amounts falling due after**|||||
|**more than one year**||-||-|
|**Total Net Assets**||22,917||24,721|
|**Represented by**|||||
|Unrestricted funds||66,433||24,721|
|Restricted funds||-||-|
|**Total Funds**||66,433||24,721|
12 September 2024
The financial statements set out on pages 6 to 10 were approved by the Trustees on and were signed on their behalf by: DocuSigned by:
___________________
**Mr A Smith Chairman**
8
Docusign Envelope ID: 1119813C-2919-442A-A89B-9C54C50EB4C3
## **ISRAEL NORMAN SMITH CHARITABLE TRUST**
## **REGISTERED CHARITY NUMBER 1157712 NOTES FORMING PART OF THE FINANCIAL STATEMENTS AS AT 5 APRIL 2024**
## **1 Accounting Policies**
The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year and the preceding year.
## **1.1 Basis of accounting**
The financial statements have been prepared under the historical cost convention
The financial statements have been prepared in accordance with applicable accounting standards, the Statement of Recommended Practice: Accounting and Reporting by Charities SORP (FRS 102), the Charity (Accounts and Reports) Regulations 2008 and the Charities Act 2011.
## **1.2 Incoming Resources**
All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:
Voluntary income is received by way of donations and gifts and is included in full in the statement of financial activities when received.
The value of services provided by volunteers has not been included.
## **1.3 Resources Expended**
All expenditure is recognised on an accruals basis. Expenditure includes any VAT which cannot be recovered and is included in the relevant costs in the statement of financial activities.
Direct expenditure comprise the cost of donations made; other expenditure includes costs incurred by the charity in delivery of its activities and services for its beneficiaries. Governance costs are those incurred in connection with the administration of the charity and compliance with the constitutional and statutory requirements.
## **1.4 Fund Accounting**
General funds are unrestricted funds which are available for use at the discretion of the Trustees in the furtherance of the general objectives of the charity and which have not been designated for other purposes.
Restricted funds are funds which are subject to specific conditions by donors as to how they may be used.
## **2 Trustees**
None of the trustees (or any persons connected with them) received any remuneration during the year, and none of them were reimbursed any expenses.
9
Docusign Envelope ID: 1119813C-2919-442A-A89B-9C54C50EB4C3
## **ISRAEL NORMAN SMITH CHARITABLE TRUST**
## **REGISTERED CHARITY NUMBER 1157712 NOTES FORMING PART OF THE FINANCIAL STATEMENTS AS AT 5 APRIL 2024**
## **3 Resources expended**
The amount paid in the year comprised of the following donations and grants.:
|||**05-Apr-24**|||**05-Apr-23**|
|---|---|---|---|---|---|
||**Restricted**|**Unrestricted**|**Total**||**Total**|
||**Fund**|**Fund**|**Fund**||**Fund**|
|Alzheimers Society||||-||
|Blind Veterans UK||||-||
|British Friends||||-||
|Cancer Support UK||||-||
|Cape Town Tora High||||-||
|Centre for Jewish Life||||-||
|Chabad||||-||
|Chai Lifeline Cancer||||-||
|Dalaid||||-||
|Deafblind UK||||-||
|Econocom food||||-||
|Ex-Services Mental Health Society||||-||
|EPAP Foundation|||||2,500.00|
|Food Lifeline Zsv trust||||-||
|Friends of Ascent||||-||
|Friends of Anchor||||-||
|Friends of Isreal Centre for the sports disabled||||-||
|Friends of Imreio Emess||||-||
|Grainsborough Trust||||-||
|Help For Heroes||||-||
|Hospital Kosher Meal Service||||-||
|Independent Age||||-||
|Ikamva Iabantu||||-||
|Jewish Care||||-||
|Jewish Deaf Association||||-||
|Kol Nidre Appeal||||-||
|London Jewish Family centre||||-||
|Lubavitch of Edgeware||||-||
|Macmillan||||-||
|Marie Curie||||-||
|Mencap||||-||
|Miracle Draive Trust||||-||
|Operation smiles||||-|1500|
|NPC||||-||
|Peninim||||-||
|Prostate Cancer||||-||
|Rays of Sunshine||||-||
|Save the Children||||-||
|Sundry donations||||-||
|Second Chance Charity||||-||
|SSAFA||||-||
|The Boys Clubhouse||||-||
|United Jewish Israel Trust||||-||
|Wellchild||||-||
|World Jewish relief||||-||
|Youth aliya child Rescue donation||||-||
|Yeshiva Gedolah||||-||
Docusign Envelope ID: 1119813C-2919-442A-A89B-9C54C50EB4C3
## **ISRAEL NORMAN SMITH CHARITABLE TRUST REGISTERED CHARITY NUMBER 1157712 NOTES FORMING PART OF THE FINANCIAL STATEMENTS AS AT 5 APRIL 2024**
YTAF - ZSV Trust - **4,000.00**
Docusign Envelope ID: 1119813C-2919-442A-A89B-9C54C50EB4C3
## **ISRAEL NORMAN SMITH CHARITABLE TRUST**
## **REGISTERED CHARITY NUMBER 1157712 NOTES FORMING PART OF THE FINANCIAL STATEMENTS AS AT 5 APRIL 2024**
## **4 Statement of restricted funds**
|Movement in the year|**05-Apr**
**Incoming**
**Resources**
**05-Apr**
**2023**
**Resources**
**Expended**
**2024**
**£**
**£**
**£**
**£**
-
-
-
-|
|---|---|
||**-**
**-**
**-**
**-**|
## **5 Statement of unrestricted funds**
|Movement in the year
Movement in the year
**6**
**Analysis of net assets between funds**
Fund balances at 5 April 2024 are represented by:
Current assets|**05-Apr**
**Incoming**
**Resources**
**05-Apr**
**2023**
**Resources**
**Expended**
**2024**
**£**
**£**
**£**
**£**
24,721
41,790
(78)
66,433|**05-Apr**
**Incoming**
**Resources**
**05-Apr**
**2023**
**Resources**
**Expended**
**2024**
**£**
**£**
**£**
**£**
24,721
41,790
(78)
66,433|
|---|---|---|
||**24,721**
**41,790**
**(78)**
**66,433**||
||**05-Apr**
**Incoming**
**Resources**
**05-Apr**
**2022**
**Resources**
**Expended**
**2023**
**£**
**£**
**£**
**£**
24,760
3,982
(4,021)
24,721||
||**24,760**
**3,982**
**(4,021)**
**24,721**||
|||**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total**
**£**
**£**
**£**
66,433
-
66,433|
|||66,433
-
66,433|
11