``` 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`** |||**`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 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`| ||`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`| |---|---| ``` 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`**||| |---|---|---| ||**`2023`**|`2022`| ||**`£`**|`£`| |`Interest receivable`|**`6,908`**|`7,088`| |**`GRANTS PAYABLE`**||| ||**`2023`**|`2022`| ||**`£`**|`£`| |`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`| |---|---| ## **`8. RELATED PARTY DISCLOSURES`** ``` Included in other debtors is £237,182 (2022: £243,345) due from a subsidiary. ``` ``` Page 7 ```