**CHARITY REGISTRATION NUMBER: 1174672**
## Hachnosas Orchim Trust Financial Statements
31 May 2025
1
**Hachnosas Orchim Trust**
## **Financial Statements**
**Year ended 31 May 2025**
||**Page**|
|---|---|
|Trustees' annual report|**1-4**|
|Statement of financial activities|**5**|
|Statement of financial position|**6**|
|Statement of cash flows|**7**|
|Notes to the financial statements|**8-12**|
|Independent examiner's report to the trustees|**13**|
2
Trustees' Annual Report | Year ended 31 May 2025
The trustees present their report and the financial statements of the charity for the Year ended 31 May 2025
Reference and administrative details
|Registered charity name|Hachnosas Orchim Trust|
|---|---|
|Charity registration number|1174672|
|Principal office|14Wellington Street East|
||Salford|
||M7 2AX|
|The trustees||
||Mr Zev Freed|
||Mr Jacob Freed|
||Mr Yochonon Hochhauser|
|Bankers|Lloyds Bank|
||276 Moston Ln|
||Moston|
||Manchester|
||M40 9WB|
|Independent Examiners|The Accountant LTD|
||132 Broughton St|
||Cheetham Hill, Manchester M8 8AN|
3
**Trustees' Annual Report** _(continued)_ I **Year ended 31 May 2025**
## **Hachnosas Orchim Trust**
**Structure, governance and management**
Hachnosas Orchim Trust is an unincorporated charity constituted under a Deed of Declaration of Trust dated 8[th] March 2017 . It is a registered charity with a charity number being 1174672 and was registered as a charity on 15 September 2017.
Recruitment and appointment of new trustees would be in line with the Trust Deed and with the consent of the trustees . The criteria set for the suitable candidate would be someone who is sensitive to the needs and demands of the organisation.
There is no chief executive officer. The day to day affairs are undertaken by Jacob freed on behalf of the trustees. All major decisions are taken collectively by the trustees and all the trustees give of the1 time freely. The trustees are unpaid and details of any related party transactions are disclosed as applicable in the notes to the accounts. The arrangements for setting the pay of the charity 's employees are the sole domain of the trustees.
There are no policies for the induction or training of new trustees.
## **Risk review**
The Trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the Trust, and are satisfied that systems are in place to manage our exposure to the major risks.
The risks faced by the trust are principally operational risks from ineffective grant making. These risks are managed by the trustees researching potential beneficiaries before granting donations.
Report back and review procedures strengthen these safeguards to ensure public benefit is achieved from all grants.
4
**Trustees' Annual Report** _(continued)_ I **Year ended 31 May 2025**
## **Hachnosas Orchim Trust**
## **Objectives and activities**
The objects of the charity are the relief of poverty amongst persons in need and hardship in the Jewish community; the advancement of education according to the beliefs and values of the orthodox Jewish faith and the advancement of the Jewish orthodox religion.
The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit and in particular to its supplementary public benefit guidance on advancing education when reviewing the charity's aims and objectives and in planning future activities and setting grant making policy for the year.
## **Grant making policy**
The charity has established its grant making policy to achieve its objects for the public benefit. The charity invites applications for funding through contacting local philanthropists to contribute towards projects that both the trustees and the philanthropists feel are appropriate for the charities objects. The application of the funds by way of grants is to either institutions or individuals and is almost always to institutions.
The trustees consider they have met the public benefit test and outline these achievements below. . The trustees measure the success of achieving the stated aims by the number and value of grants paid out for each objects. The grants paid out in the year are detailed in the notes to the accounts and the trustees consider they have met their aims successfully this year.
The trustees consider the shorter term aims to be similar to the longer term aims and assess the achievement of the charity in the same way.
## **Achievements and performance**
The charity received £64,766. in donations during the year.
The charity paid out £65,336.48 by way of grants and support costs. The grants have been categorised for ease of reference and a full list of grants is available upon a written request to the trustees. The trustees consider this is line with SORP (FRS 102) paragraph 16.17 on the basis that the categories convey more meaningful information to the reader of the accounts.
These grants were made in line with the stated objects of the charity as analysed below.
Grants relate to the objects of the charity in the following way:-
I. Advancement of community projects amounting to £30,000
II. The relief of poverty amongst the Jewish Community amounting to £35,336
The charity has low governance costs comprising professional fees. There were no material fundraising costs during the year.
There was an overall net expenditure and movement in funds during the year amounting to (£570).
5
**Trustees' Annual Report** _(continued)_ I **Year ended 31 May 2025**
## **Hachnosas Orchim Trust**
## **Financial** review
The trustees feel that the year was an excellent one in terms of income from donations and grants paid out to the beneficiaries.
The trustees are delighted to have made many valuable contributions to the community as a result of these gains and donations and hope to be able to do so for many years to come.
## **Reserves policy**
The Unrestricted Fund represents the unrestricted funds arising from past operating results. The trustees wish to keep reserves as low as possible in order to maximise paying out grants to Israel.
The Trustees are satisfied that the balance of the Fund is an acceptable level of reserves given the nature of revenue receipts against grants payable.
In considering the limited financial obligations of the charity, the trustees have resolved to maintain a minimum reserve practical.
The reserves stand at £1220 all of which are unrestricted.
## **Plans for future periods**
The trustees plan to continue to raise funds for projects in line with the Trust Deed and pursue those objectives and projects with all the resources available to the charity.
The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations , 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.
The trustees' annual report was approved on 04 mar 2026 and signed on behalf of the board of trustees by:
Mr Jacob Freed Trustee
6
## Hachnosas Orchim Trust Statement of Financial Activities
Year ended 31 May 2025
|Note
Expenditure
Expenditure on charitable activities5,6
Total expenditure
Net expenditure and net movement in fund
Reconciliation
of
funds
Total funds brought forward
Total funds carried forward
income and endowments
donatins and legacies
total income|2025 2024
Unrestricted
**Total funds**Total funds
£
(65,336,)
**(65,336)**
(185,000)
(65,336)
**(65336)**
(185,000)
64,766. 64,766
190,000
64,766 190,000
64,766.|2025 2024
Unrestricted
**Total funds**Total funds
£
(65,336,)
**(65,336)**
(185,000)
(65,336)
**(65336)**
(185,000)
64,766. 64,766
190,000
64,766 190,000
64,766.|
|---|---|---|
|||(65,336)
**(65336)**
(185,000)|
||
|(570)
(570) **5**,000|
|||45,788
45,788**40**,788|
|||45,218
45**,218 45**,788|
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
7
## Hachnosas Orchim Trust Statement of
## Financial Position
Year ended 31 May 2025
|||||||2025 2024|2025 2024|
|---|---|---|---|---|---|---|---|
|||||||Note|£ £ £|
|Current assets||||||||
|Cash at bank and in hand||Cash at bank and in hand||||1220 45,788|1220 45,788|
|Creditors: amounts falling due within one year||Creditors: amounts falling due within one year|Creditors: amounts falling due within one year|||||
|||||||1220 45|1220 45,788|
|Net|current||assets|||||
|Total||assets||less|current|liabilitie||
|1220 4|1220 4|1220 4|1220 4|1220 4|1220 4|1220 4|1220 4~~5,788,~~|
|Net
assets||||||||
|||||||1220 45,788|1220 45,788|
|Funds of the charity||||||||
|Unrestricted funds||||||||
|Total charity funds|Total charity funds|Total charity funds|Total charity funds|Total charity funds|Total charity funds|Total charity funds13 1220 45,788|13 1220 45,788|
These financial statements were approved by the board of trustees and authorized are signed on 04 mar 2026 behallf of the board by:
Mr Jacob Freed Trustee
8
## **Hachnosas Orchim Trust**
## **Statement of Cash Flows**
**Year ended 31 May 2025**
|Cash flows from operating activities
Net expenditure
Net decrease in cash and cash equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year
cash genarated from operatoins
(
net cash from operating activities
(|(570)
45,788,
45,218
2025
£
(570)
(570)
(570 )|5,000
5,000
5,000
45,788
2024
£
5,000
40,788|
|---|---|---|
9
**Notes to the Financial Statements I Year**
**ended 31 May 2025**
## **1. General information**
The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated . The address of the principal office is 14 Wellington Street East, Salford, M7 2AX
## **2. Statement of compliance**
The accounts (financial statements) have been prepared in accordance with the relevant version of the 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) and The Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102) and the Charities Act 2011 and UK Generally Accepted Accounting Practice.
The accounts (financial statements) have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the relevant version of the 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) rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
## **3. Accounting policies**
## **Basis of preparation**
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
## **Going concern**
There are no material uncertainties about the charity's ability to continue. This is due to the policy of the charity not to pay out any charitable grants until funds are available. It is therefore appropriate to prepare these accounts on a going concern basis.
## **Judgements and key sources of estimation uncertainty**
The preparation of the financial statements did not require management to make judgements, estimates or assumptions that affect the amounts reported.
## **Fund accounting**
Unrestricted funds held by the charity are funds that can be used in accordance with the charitable objects at the discretion of the trustees.
## investment policy and objectives
the charity has purchased a plot of land for tha value of £230,000 as an investment for the charity.
10
**Notes to the Financial Statements** _(continued)_ I
**Year ended 31 May 2025**
## **Hachnosas Orchim Trust**
## 3. **Accounting policies**
## **Incoming resources**
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
legacy income is recognised when receipt is probable and entitlement is established.
income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
## **Resources expended**
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, and the sale of donated goods.
expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
## **Financial instruments**
A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including any
11
Hachnosas Orchim Trust Notes to the Financial Statements _(continued)_ Year ended 31 May 2025
3. Accounting policies _(continued)_
Financial instruments _(continued)_
Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
## Debt instruments are subsequently measured at amortised cost.
Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment.
Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value, with a n y changes recognised in the statement of financial activities. with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of f i n a n c i al activities in which the initial gain was recognised.
For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
## `4.` **Donations and legacies**
||Unrestricted|Total Funds|Unrestricted|Total Funds|
|---|---|---|---|---|
||Funds|2025|Funds|2024|
||£|£|£|£|
|**Donations**|||||
|Donations||~~65,336~~||190,000|
|=|||||
12
## Hachnosas Orchim Trust
Notes to the Financial Statements _(continued),_ Year ended 31 May 2025
## **5. Expenditure on charitable activities by fund type**
|Unrestricted
Funds
£
Charitable grants. 65,336
65,336
**Analysis of grants**
**Grants to institutions 2024£**|Unrestricted
Funds
£
Charitable grants. 65,336
65,336
**Analysis of grants**
**Grants to institutions 2024£**|
|Total Funds
Unrestricted
Total Funds
2025
£
Funds
£
2024
£
65,336 185,000 185,000
|
|---|---|---|---|
||||~~65,336 185,000 185,000~~|
||||Grants per cause 2025
Community
project
Relief for
poverty
£
30,000
35,336
Total grants0 65,336|
|||||
|||||
## **6. Analysis of grants**
## **7. Staff costs**
The average head count of employees during the year was Nil (2022: Nil)
## **8. Trustee remuneration and expenses**
No remuneration or other benefits from employment with the charity or a related entity were received or expenses reimbursed by the trustees.
## **9. Analysis of charitable funds**
**Statement of funds**
|General funds
General funds|At 01
Jun 2020
Income
Expenditure
10,268
358,520
(350,000)
**18,788**
£
£
£
£
394 157,874
(148,000) 10,268
At 01
At 31
Jun 2019
Income
Expenditure
Mar 2019|
|---|---|
13
Hachnosas Orchim Trust
Notes to the Financial Statements IL'C3PlflFiiiedi Year ended 31 Ma
202
10. Analysls of net assets between funds
Unrestricted Total Funds
Funds
2034
Current assets
Creditors less than 1 year
Net assets
45.788
45.788
45,788
45,788
Unr8Stricted Total Funds
Funds
2023
Current assets
Creditors less than 1 year
Net assets
40,788
40,788
40,788
40.788
11. Taxation
Hachnosas Orchim Trust is a registered charity and therefore is not liable to income tax or
COTporalion tax on income derived from its charitable auivities. as it falls within the various
exemptions available to registered charities.
•
## INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HACHNOSAS ORCHIM TRUST
I report on the Accounts of the Trust for the year ended 31 May 2025, which are set out on pages 5-7.
RESPECTIVE R E S P O N S I B I L I T I E S O F TRUSTEES AND EXAMINER
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the 20 l l Act) and that an independent examination is needed.
It is my responsibility to:
- Examine the Accounts under Section l45 of the 2011 Act;
- • To follow procedures laid down in the General Directions given by the Charity Commission under Section 145(5) of the 201 l Act; and
- To state whether particular matters have come to my attention.
BASIS OF INDEPENDENT EXAMINERS' REPORT
My exa mination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a "true and fair view" and the report is limited to those matters set out in the statement below.
## INDEPENDENT EXAMINERS ’ STATEMENT
In connection with my examination, no matter has come to my attention:
- I. ( I ) which gives me reasonable cause to believe that in any material respect the requirements: • to keep accounting records in accordance with Section 130 of the Charities Act 201 1; and • to prepare accounts which accord with the accounting records, and to comply with the accounting requirements of the 2011 Act have not been met; or
- 2. (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the Accounts to be reached.
**The Accountant LTD** 132 Broughton St Cheetham Hill, Manchester M8 8AN
15