**REGISTERED CHARITY NUMBER: 1158769**
## **THE YONAH AND REISEL REINER MEMORIAL TRUST**
## **REPORT OF THE TRUSTEES AND**
## **FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 DECEMBER 2024**
Sugarwhite Meyer Accountants Ltd First Floor 94 Stamford Hill London N16 6XS
**THE YONAH AND REISEL REINER MEMORIAL TRUST**
## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024**
||**Page**||
|---|---|---|
|**Reference and Administrative Details**|1||
|**Report of the Trustees**|2 to|3|
|**Independent Examiner's Report**|4||
|**Statement of Financial Activities**|5||
|**Balance Sheet**|6||
|**Notes to the Financial Statements**|7 to|10|
## **THE YONAH AND REISEL REINER MEMORIAL TRUST**
## **REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 DECEMBER 2024**
|**TRUSTEES**|A Matyas|
|---|---|
||A Gombo|
|**PRINCIPAL ADDRESS**|24 St Andrew's Grove|
||London|
||N16 6NE|
|**REGISTERED CHARITY**|1158769|
|**NUMBER**||
|**INDEPENDENT EXAMINER**|Sugarwhite Meyer Accountants Ltd|
||First Floor|
||94 Stamford Hill|
||London|
||N16 6XS|
|**BANKERS**|CAF Bank Ltd|
||25 Kings Hill Avenue|
||Kings Hill|
||West Malling|
||Kent|
||ME19 4JQ|
Page 1
## **THE YONAH AND REISEL REINER MEMORIAL TRUST**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024**
The trustees present their report with the financial statements of the charity for the year ended 31 December 2024. 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).
## **REFERENCE AND ADMINISTRATIVE INFORMATION**
The information is shown on page 1 of the financial statements and forms part of this report.
## **OBJECTIVES AND ACTIVITIES**
## **Objects for public benefit**
The object of the charity is the advancement of the Orthodox Jewish Faith.
The trustees confirm that they have given due regard to the Charity Commission's guidance on public benefit.
## **ACHIEVEMENT AND PERFORMANCE**
## **Charitable activities**
The trustees are pleased with the results of the year. Investment income rose by about 13%, there was a substantial increase in portfolio management cost due to refurbishments and with a slight increase in gantmaking the charity was still left with a small surplus.
## **FINANCIAL REVIEW**
## **Reserves policy**
The trustees do not seek to maintain reserves, other than to ensure that they can continue the activities of the charity. Reserves at the year end stood at £1,348,611 (2023:£1,043,373), with free reserves of £48,611(2023:£43,373).
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Constitution**
The trust was established by Deed of Trust dated 19 January 2014 as amended by deed dated 18 December 2014.
## **Organisational structure**
The power to appoint new trustees is vested in the 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 confirmed that there are no major risks to which the charity is exposed.
## **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
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charity SORP;
- make judgements and estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
Page 2
## **THE YONAH AND REISEL REINER MEMORIAL TRUST**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024**
## **STATEMENT OF TRUSTEES' RESPONSIBILITIES - continued**
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 27 October 2025 and signed on its behalf by:
A Matyas - Trustee
Page 3
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE YONAH AND REISEL REINER MEMORIAL TRUST**
## **Independent examiner's report to the trustees of The Yonah and Reisel Reiner Memorial Trust**
I report to the charity trustees on my examination of the accounts of The Yonah and Reisel Reiner Memorial Trust (the Trust) for the year ended 31 December 2024.
## **Responsibilities and basis of report**
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no material 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 Trust as required by Section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts 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 accounts to be reached.
E Meyer FCA BSc
Sugarwhite Meyer Accountants Ltd First Floor 94 Stamford Hill London N16 6XS
27 October 2025
Page 4
## **THE YONAH AND REISEL REINER MEMORIAL TRUST**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024**
|**Notes**
**INCOME AND ENDOWMENTS FROM**
Investment income
2
**EXPENDITURE ON**
Raising funds
3
**Charitable activities**
4
Grantmaking
Support costs
**Total**
Net gains on investments
**NET INCOME**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**|**2024**
**Unrestricted**
**fund**
**£**
73,292
22,280
43,500
2,274
68,054
300,000
305,238
1,043,373
1,348,611|**2023**
**Total**
**funds**
**£**
64,558|
|---|---|---|
|||8,473
40,060
2,034|
|||50,567|
|||-|
|||13,991
1,029,382|
|||1,043,373|
The notes form part of these financial statements
Page 5
## **THE YONAH AND REISEL REINER MEMORIAL TRUST**
## **BALANCE SHEET 31 DECEMBER 2024**
|**Notes**
**FIXED ASSETS**
Investment property
9
**CURRENT ASSETS**
Debtors
10
Cash at bank
**CREDITORS**
Amounts falling due within one year
11
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**NET ASSETS**
**FUNDS**
Unrestricted funds
**TOTAL FUNDS**|**2024**
**Total**
**funds**
**£**
1,300,000
13,980
36,491
50,471
(1,860)
48,611
1,348,611
1,348,611
1,348,611
1,348,611|**2023**
**Total**
**funds**
**£**
1,000,000
4,698
42,035
46,733
(3,360)
43,373
1,043,373
1,043,373
1,043,373
1,043,373|
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 27 October 2025 and were signed on its behalf by:
A Matyas - Trustee
The notes form part of these financial statements
Page 6
**THE YONAH AND REISEL REINER MEMORIAL TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024**
## **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, as modified by the revaluation of certain assets.
## **Judgements and key sources of estimation uncertainty**
In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. The estimates and underlying assumptions are reviewed on an ongoing basis.
The valuation of investment properties is inherently subjective, depending on many factors, including the individual nature of each property, its location and expected future net rental values, market yields and comparable market transactions. Therefore, the valuations are subject to a degree of uncertainty and are made on the basis of assumptions which may not prove to be accurate, particularly in periods of difficult market or economic conditions.
## **Income**
Donations are recognised in the Statement of Financial Activities of the charity when received. All other income is recognised on a receivable basis.
## **Expenditure**
Liabilities are recognised in the year in which they are incurred and includes irrecoverable VAT which is reported as part of the expenditure to which it relates.
Support costs are those incurred to assist the work of the charity but are not direct charitable activities.
Governance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.
## **Going concern**
There are no material uncertainties about the charity's ability to continue.
## **Financial instruments**
The Charity only has financial assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognized at the amount receivable or payable including any related transactions costs.
Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
## **Investment property**
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. It is revalued to its fair value at each reporting date any changes are transferred to the Statement of Financial Activities.
## **Taxation**
The charity is exempt from tax on its charitable activities.
## **Going concern**
There are no material uncertainties about the charity's ability to continue.
Page 7
## **THE YONAH AND REISEL REINER MEMORIAL TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024**
## **2. INVESTMENT INCOME**
|**2024**
**£**
Rents received
73,213
Deposit account interest
79
73,292
**3.**
**RAISING FUNDS**
**Investment management costs**
**2024**
**£**
Portfolio management
22,280
**4.**
**CHARITABLE ACTIVITIES COSTS**
**Grant**
**funding of**
**activities**
**Support**
**(see note**
**costs (see**
**5)**
**note 6)**
**£**
**£**
Grantmaking
43,500
-
Support costs
-
2,274
43,500
2,274
**5.**
**GRANTS PAYABLE**
**2024**
**£**
Grantmaking
43,500
The total grants paid to institutions during the year was as follows:
**2024**
**£**
Advancement of religion
15,000
Religious education
-
Relief of poverty
7,000
Social welfare
21,500
43,500
United Talmudical Associates Ltd
10,000
Chasdei Shalom
7,000
Beis Aharon TT Activity Centre
6,500
Others under £6,000
20,000
43,500|**2023**
**£**
64,480
78|
|---|---|
||64,558|
||**2023**
**£**
8,473|
||**Totals**
**£**
43,500
2,274|
||45,774|
||**2023**
**£**
40,000|
||**2023**
**£**
10,000
5,000
5,000
20,000|
||40,000|
|||
Page 8
## **THE YONAH AND REISEL REINER MEMORIAL TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024**
## **6. SUPPORT COSTS**
|**SUPPORT COSTS**||||
|---|---|---|---|
|||**Governance**||
||**Finance**|**costs**|**Totals**|
||**£**|**£**|**£**|
|Support costs|60|2,214|2,274|
|Support costs, included in the above, are as follows:||||
|**Finance**||||
|||**2024**|**2023**|
|||**Support**|**Total**|
|||**costs**|**activities**|
|||**£**|**£**|
|Bank charges||60|60|
|**Governance costs**||||
|||**2024**|**2023**|
|||**Support**|**Total**|
|||**costs**|**activities**|
|||**£**|**£**|
|Independent examiner's fee||420|360|
|Independent examiner's other fees||1,440|1,320|
|General expenses||354|354|
|||2,214|2,034|
## **7. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 December 2024 nor for the year ended 31 December 2023.
## **8. AVERAGE STAFF NUMBERS**
The average number of staff in the year was NIL (2022: NIL).
## **9. INVESTMENT PROPERTY**
|**FAIR VALUE**
At 1 January 2024
Revaluation
At 31 December 2024
**NET BOOK VALUE**
At 31 December 2024
At 31 December 2023|**£**
1,000,000
300,000|
|---|---|
||1,300,000|
||1,300,000|
||1,000,000|
Page 9
## **THE YONAH AND REISEL REINER MEMORIAL TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024**
## **9. INVESTMENT PROPERTY - continued**
The fair value of the investment properties has been arrived at on the basis of a valuation carried out by the trustees who are considered to have the experience and expertise required to undertake such an exercise. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties in the same or similar locations.
## **10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|**10.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|||
|---|---|---|
|Agents account
**11.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Other creditors|**2024**
**£**
13,980
**2024**
**£**
1,860|**2023**
**£**
4,698|
|||**2023**
**£**
3,360|
## **12. RELATED PARTY DISCLOSURES**
The charity's investment properties are managed by a company in which a Trustee is a Director.
Page 10