**REGISTERED CHARITY NUMBER: 1170234** ## **REPORT OF THE TRUSTEES AND** **UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021** **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 2021** ||**Page**| |---|---| |**Report of the Trustees**|1 to 2| |**Independent Examiner's Report**|3| |**Statement of Financial Activities**|4| |**Balance Sheet**|5| |**Notes to the Financial Statements**|6 to 7| **SHAAREY YOSHER** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021** The trustees present their report with the financial statements of the charity for the year ended 31 December 2021. 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). ## **OBJECTIVES AND ACTIVITIES** ## **Objectives and aims** The object of the charity is the advancement of the Orthodox Jewish Faith. ## **Public benefit** 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 grantmaking policy. ## **Grantmaking** The main way in which the charity pursues its charitable objectives is through the provision of grants. Grants are made to charitable institutions and organisations after it has been satisfied that payments will accord with the objectives of the charity. ## **Volunteers** There were no volunteers during the year. ## **ACHIEVEMENT AND PERFORMANCE** ## **Charitable activities** The charity has had a successful year, raising £69,829 (2020: £77,838) in donations and making grants totalling £53,985 (2020: £69,265) to charitable organisations that further the objectives of the charity. As at the balance sheet date the charity had unrestricted funds of £210,116 (2020: £194,902). ## **Internal and external factors** There are specific factors to report. ## **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 level and to cover contingencies of additional calls being made upon the charity for support of organisations, institutions or individuals in times of need. ## **FUTURE PLANS** The trustees plan to continue to pursue the charitable objectives of the charity and ensure that the ability to 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** 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 major risks. ## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number** 1170234 ## **Principal address** 65 Leeside Crescent London NW11 0JL Page 1 **SHAAREY YOSHER** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021** ## **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 27 October 2022 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 I report to the charity trustees on my examination of the accounts of Shaarey Yosher (the Trust) for the year ended 31 December 2021. Responsibilitiès and basis of report A5 the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 20111'the ACVI. I report in respect of rny examination of the Trust's accounts carried out under SeCt￿n 145 of the Act and in carrying out my examination I have foll(>wed all applicable Direckn'ons given by the Charity Commis510n under section 14515)(bl of the 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 respett.. accounting records were not kept in respect of the Trust as required by section 130 of the Act,. or the accounts do not accord with those records,. or the accounts do not cOm￿Y with the applicable requirernents 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 whSch is nol a matter considered as part of an independent examination. I have no concerns and have come across no other matter5 in connettion with the examination to which attenth)n should be drawn in this retx>rt 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 Regent5 Park Road London N3 IDH 27 October 2022 Page 3 ## **SHAAREY YOSHER** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021** |**2021**
**Unrestricted**
**fund**
Notes
**£**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
**64,432**
Investment income
2
**5,397**
**Total**
**69,829**
**EXPENDITURE ON**
**Charitable activities**
Charitable activities
**630**
Charitable donations
**53,985**
**Total**
**54,615**
**NET INCOME**
**15,214**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
**194,902**
**TOTAL FUNDS CARRIED FORWARD**
**210,116**|2020
Total
funds
£
72,598
5,240
77,838
996
69,265
70,261
7,577
187,325
194,902| |---|---| The notes form part of these financial statements Page 4 ## **SHAAREY YOSHER** ## **BALANCE SHEET 31 DECEMBER 2021** |**2021**
**Unrestricted**
**fund**
Notes
**£**
**FIXED ASSETS**
Investments
5
**100**
**CURRENT ASSETS**
Debtors
6
**210,616**
Cash at bank
**-**
**210,616**
**CREDITORS**
Amounts falling due within one year
7
**(600)**
**NET CURRENT ASSETS**
**210,016**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**210,116**
**NET ASSETS**
**210,116**
**FUNDS**
Unrestricted funds
**210,116**
**TOTAL FUNDS**
**210,116**|2020
Total
funds
£
100
179,905
15,497
195,402
(600)
194,802
194,902
194,902
194,902
194,902| |---|---| The financial statements were approved by the Board of Trustees and authorised for issue on 27 October 2022 and 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 2021** ## **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, with the exception of investments which are included at market value. ## **Income** All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. ## **Expenditure** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Grants offered subject to conditions which have not been met at the year end date are noted as a 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. Restricted funds can only be used for particular restricted purposes within the objects of the charity. 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** |Interest receivable - trading
**3.**
**GRANTS PAYABLE**
Charitable donations|**2021**
**£**
**5,397 **
**2021**
**£**
**53,985**|2020
£
5,240
2020
£
69,265| |---|---|---| All grants made during 2021, which totalled £53,985, were made to Shaarey Yosher, Israel. continued... Page 6 ## **SHAAREY YOSHER** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021** ## **4. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 December 2021 nor for the year ended 31 December 2020. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31 December 2021 nor for the year ended 31 December 2020. ## **5. FIXED ASSET INVESTMENTS** |**COST LESS IMPAIRMENT**
At 1 January 2021 and 31 December 2021
**NET BOOK VALUE**
At 31 December 2021
At 31 December 2020
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
**2021**
2020
**£**
£
**210,616**
179,905
**2021**
2020
**£**
£
**600**
600| |---|---| ## **8. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 31 December 2021. Page 7