REGISTERED CHARITY NUMBER: 1170234
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2020
FOR
SHAAREY YOSHER
Melinek Fine LLP
Chartered Accountants
First Floor, Winston House
349 Regents Park Road
London
N3 1DH
SHAAREY YOSHER
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
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Report of the Trustees |
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Independent Examiner's Report |
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Statement of Financial Activities |
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4 |
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Balance Sheet |
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5 |
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Notes to the Financial Statements |
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SHAAREY YOSHER
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020
Thetrusteespresenttheirreportwiththefinancialstatementsofthecharityfortheyearended31December2020. The
trusteeshaveadoptedtheprovisionsofAccountingandReportingbyCharities:StatementofRecommended Practice
applicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancialReportingStandardapplicableinthe 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.
Public benefit
TheTrusteesconfirmthattheyhavereferredtotheguidancecontainedintheCharityCommission'sgeneralguidance on
publicbenefitwhenreviewingtheTrust'saimsandobjectivesandinplanningfutureactivitiesandsetting the
grantmaking policy.
Grantmaking
The main way in which the charity pursues its charitable objectives is through the provision of grants.
Grantsaremadetocharitableinstitutionsandorganisationsafterithasbeensatisfiedthatpaymentswillaccordwith the
objectives of the charity.
Volunteers
There were no volunteers during the year.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
Thecharityhashadasuccessfulyear,raising£77,838(2019:£110,830)indonationsandmakinggrants totalling
£69,265 (2019: £153,000) to charitable organisations that further the objectives of the charity.
Internal and external factors
TheTrusteeshaveconsideredthepotentialimpactoftheCovid-19pandemic,whichhasbeenspreadingsince early
2020,ontheCharity'sactivities.TheTrusteeshavetakenappropriateactiontomitigatetheeffectsofCovid-19on the
finances of the charity.
FINANCIAL REVIEW
Reserves policy
The charity aims to maintain reserves in order that it is in a position to achieve grant making activities at a consistent
levelandtocovercontingenciesofadditionalcallsbeingmadeuponthecharityforsupportoforganisations, institutions
or individuals in times of need.
FUTURE PLANS
Thetrusteesplantocontinuetopursuethecharitableobjectivesofthecharityandensurethattheabilityto generate
sufficient income is maintained to achieve that end.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
Risk management
Thetrusteeshaveassessedthemajorriskstowhichthecharityisexposedandaresatisfiedthatsystemsareinplace to
mitigate exposure to major risks.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number
1170234
Principal address
First Floor Winston House
349 Regents Park Road
London
N3 1DH
Page 1
SHAAREY YOSHER
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020
Trustees
Mr B Glass
Mr Y Rigel
Mr Y M Diskind
Independent Examiner
Melinek Fine LLP
Chartered Accountants
First Floor, Winston House
349 Regents Park Road
London
N3 1DH
Approved by order of the board of trustees on 11 October 2021 and signed on its behalf by:
Mr B Glass - Trustee
Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
SHAAREY YOSHER
Independent examiner's report to the trustees of Shaarey Yosher
IreporttothecharitytrusteesonmyexaminationoftheaccountsofShaareyYosher(theTrust)fortheyear ended
31 December 2020.
Responsibilities and basis of report
AsthecharitytrusteesoftheTrustyouareresponsibleforthepreparationoftheaccountsinaccordancewith the
requirements of the Charities Act 2011 ('the Act').
IreportinrespectofmyexaminationoftheTrust'saccountscarriedoutundersection145oftheActandincarrying out
myexaminationIhavefollowedallapplicableDirectionsgivenbytheCharityCommissionundersection145(5)(b)of the
Act.
Independent examiner's statement
Ihavecompletedmyexamination.Iconfirmthatnomaterialmattershavecometomyattentioninconnectionwith 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.
Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationtowhichattention should
be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Mr Aryeh Melinek, FCA
Melinek Fine LLP
Chartered Accountants
First Floor, Winston House
349 Regents Park Road
London
N3 1DH
11 October 2021
Page 3
SHAAREY YOSHER
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020
2020
Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
72,598
Investment income
2
5,240
Total
77,838
EXPENDITURE ON
Charitable activities
Charitable activities
996
Charitable donations
69,265
Total
70,261
NET INCOME/(EXPENDITURE)
7,577
RECONCILIATION OF FUNDS
Total funds brought forward
187,325
TOTAL FUNDS CARRIED FORWARD
194,902 |
2019
Total
funds
£
105,725
5,105
110,830
798
153,000
153,798
(42,968)
230,293
187,325 |
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The notes form part of these financial statements
Page 4
SHAAREY YOSHER
BALANCE SHEET 31 DECEMBER 2020
2020
Unrestricted
fund
Notes
£
FIXED ASSETS
Investments
5
100
CURRENT ASSETS
Debtors
6
179,905
Cash at bank
15,497
195,402
CREDITORS
Amounts falling due within one year
7
(600)
NET CURRENT ASSETS
194,802
TOTAL ASSETS LESS CURRENT LIABILITIES
194,902
NET ASSETS
194,902
FUNDS
Unrestricted funds
194,902
TOTAL FUNDS
194,902 |
2019
Total
funds
£
100
174,665
13,760
188,425
(1,200)
187,225
187,325
187,325
187,325
187,325 |
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ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissueon11October2021and were
signed on its behalf by:
Mr B Glass - Trustee
The notes form part of these financial statements
Page 5
SHAAREY YOSHER
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
Thefinancialstatementsofthecharity,whichisapublicbenefitentityunderFRS102,havebeenprepared in
accordancewiththeCharitiesSORP(FRS102)'AccountingandReportingbyCharities:Statement of
RecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancial Reporting
StandardapplicableintheUKandRepublicofIreland(FRS102)(effective1January2019)',Financial Reporting
Standard102'TheFinancialReportingStandardapplicableintheUKandRepublicofIreland'andthe Charities
Act2011.Thefinancialstatementshavebeenpreparedunderthehistoricalcostconvention,withthe exception
of investments which are included at market value.
Income
AllincomeisrecognisedintheStatementofFinancialActivitiesoncethecharityhasentitlementtothefunds,it is
probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommitting the
charitytothatexpenditure,itisprobablethatatransferofeconomicbenefitswillberequiredinsettlement and
theamountoftheobligationcanbemeasuredreliably.Expenditureisaccountedforonanaccrualsbasisand has
beenclassifiedunderheadingsthataggregateallcostrelatedtothecategory.Wherecostscannotbe directly
attributedtoparticularheadingstheyhavebeenallocatedtoactivitiesonabasisconsistentwiththeuse of
resources.
Grantsofferedsubjecttoconditionswhichhavenotbeenmetattheyearenddatearenotedasa commitment
but not accrued as expenditure.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthecharity. Restrictions
arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. INVESTMENT INCOME
3.
Interest receivable - trading
GRANTS PAYABLE
Charitable donations
A summary of grants made to institutions during the year is as follows: |
2020
£
5,240
2020
£
69,265 |
2019
£
5,105
2019
£
153,000 |
Name of organisation |
Amount (£) |
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Shaarey Yosher |
38,265 |
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Beit Yitzhak |
30,000 |
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Achisomoch Aid Company |
1,000 |
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Total |
69,265 |
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continued...
Page 6
SHAAREY YOSHER
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020
4. TRUSTEES' REMUNERATION AND BENEFITS
Therewerenotrustees'remunerationorotherbenefitsfortheyearended31December2020norforthe year
ended 31 December 2019.
Trustees' expenses
Therewerenotrustees'expensespaidfortheyearended31December2020norfortheyear ended
31 December 2019.
5. FIXED ASSET INVESTMENTS
COST LESS IMPAIRMENT
At 1 January 2020 and 31 December 2020
NET BOOK VALUE
At 31 December 2020
At 31 December 2019
There were no investment assets outside the UK.
6.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other debtors
7.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other creditors |
Shares in
group
undertakings
£
100
100
100
2020
2019
£
£
179,905
174,665
2020
2019
£
£
600
1,200 |
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8. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2020.
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