REGISTERED CHARITY NUMBER: 1170234
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
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 2023
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Report of the Trustees |
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Independent Examiner's Report |
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3 |
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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 2023
Thetrusteespresenttheirreportwiththefinancialstatementsofthecharityfortheyearended31December2023. 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£64,957(2022:£72,912)indonationsandincomeandmaking grants
totalling £69,707 (2022: £39,985) to charitable organisations that further the objectives of the charity.
As at the balance sheet date the charity had unrestricted funds of £236,682 (2022: £242,245).
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
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
Unit 1
Hawthorn Business Park
165 Granville Road
London
NW2 2AZ
Page 1
SHAAREY YOSHER
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023
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 30 October 2024 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 2023.
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
30 October 2024
Page 3
SHAAREY YOSHER
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023
2023
Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
58,049
Investment income
2
6,908
Total
64,957
EXPENDITURE ON
Charitable activities
Charitable activities
813
Charitable donations
69,707
Total
70,520
NET INCOME/(EXPENDITURE)
(5,563)
RECONCILIATION OF FUNDS
Total funds brought forward
242,245
TOTAL FUNDS CARRIED FORWARD
236,682 |
2022
Total
funds
£
65,824
7,088 |
|
72,912 |
|
798
39,985 |
|
40,783 |
|
32,129
210,116 |
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242,245 |
The notes form part of these financial statements
Page 4
SHAAREY YOSHER
BALANCE SHEET 31 DECEMBER 2023
2023
Unrestricted
fund
Notes
£
FIXED ASSETS
Investments
5
100
CURRENT ASSETS
Debtors
6
237,182
CREDITORS
Amounts falling due within one year
7
(600)
NET CURRENT ASSETS
236,582
TOTAL ASSETS LESS CURRENT LIABILITIES
236,682
NET ASSETS/(LIABILITIES)
236,682
FUNDS
Unrestricted funds
236,682
TOTAL FUNDS
236,682 |
2022
Total
funds
£
100
243,345
(1,200)
242,145
242,245
242,245
242,245
242,245 |
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ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissueon30October2024and 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 2023
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.
INVESTMENT INCOME |
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2023 |
2022 |
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£ |
£ |
Interest receivable |
6,908 |
7,088 |
GRANTS PAYABLE |
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2023 |
2022 |
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£ |
£ |
Charitable donations |
69,707 |
39,985 |
All grants made during 2023, which totalled £69,707, were made to Shaarey Yosher, Israel.
continued...
Page 6
SHAAREY YOSHER
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023
4. TRUSTEES' REMUNERATION AND BENEFITS
Therewerenotrustees'remunerationorotherbenefitsfortheyearended31December2023norforthe year
ended 31 December 2022.
Trustees' expenses
Therewerenotrustees'expensespaidfortheyearended31December2023norfortheyear ended
31 December 2022.
5. FIXED ASSET INVESTMENTS
COST LESS IMPAIRMENT
At 1 January 2023 and 31 December 2023
NET BOOK VALUE
At 31 December 2023
At 31 December 2022
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
2023
2022
£
£
237,182
243,345
2023
2022
£
£
600
1,200 |
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8. RELATED PARTY DISCLOSURES
Included in other debtors is £237,182 (2022: £243,345) due from a subsidiary.
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