**REGISTERED CHARITY NUMBER: 1187731**
## **REPORT OF THE TRUSTEES AND**
**UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 4 DECEMBER 2023**
## **FOR JOSHA**
Venitt and Greaves Chartered Accountants 115 Craven Park Road South Tottenham London N15 6BL
**JOSHA**
## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 4 DECEMBER 2023**
|||**Page**||
|---|---|---|---|
|**Report of the Trustees**|1|to|2|
|**Independent Examiner's Report**||3||
|**Statement of Financial Activities**||4||
|**Balance Sheet**||5||
|**Cash Flow Statement**||6||
|**Notes to the Cash Flow Statement**||7||
|**Notes to the Financial Statements**|8|to|12|
**JOSHA**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 4 DECEMBER 2023**
The trustees present their report with the financial statements of the charity for the year ended 4 December 2023. 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 principal objectives of the charity are:
The advancement of the Orthodox Jewish religion for the public benefit by providing grants to synagogues and other religious charities for the provision of religious objects, prayer books and other religious study books, and for the public celebration of religious festivals.
The advancement of Orthodox Jewish education and education in general by providing grants to educational institutions.
The relief of poverty for the public benefit by providing grants to other charities working to prevent or relieve poverty and to individuals.
The relief of sickness and infirmity for the public benefit by providing grants to other charities working to relieve sickness and infirmity and to individuals.
## **Public benefit**
The trustees confirm that they have referred to the guidance contained in the Charity's Commission's general guidance on public benefit when reviewing the charity's aims and objectives and planning future activities and setting the grant making policy for the year.
## **Grantmaking**
Grants are made at the discretion of the trustees and in accordance with the principal objectives of the charitable company.
## **ACHIEVEMENT AND PERFORMANCE**
## **Charitable activities**
During the year under review the charity paid donations that amounted to £175,400 (2022: £144,836).
## **Investment performance**
The charity has invested £1,544,581 (2022: £1,404,808) by way of loans as at the balance sheet date. During the year the charity received investment income in the form of interest on the loans that amounted to £147,595 (2022: £33,728).
## **FINANCIAL REVIEW**
## **Reserves policy**
It is the policy of the charity to maintain unrestricted funds, which are the free reserves of the charity, at a level which the trustees think appropriate after considering the future commitments of the charity and the likely administrative costs of the charity for the next year.
## **FUTURE PLANS**
The charity plans to continue its activities subject to satisfactory incoming resources.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document and constitutes a Charitable Incorporated Organisation.
## **Organisational structure**
The power to appoint new trustees is vested in the current board. It is not the intention of the trustees of the charity to appoint any new trustees. Should the situation change in the future, the trustees will apply suitable recruitment induction and training procedures.
Page 1
**JOSHA**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 4 DECEMBER 2023**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Risk management**
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number**
1187731
## **Principal address**
12 Sinclair Grove London NW11 9JG
## **Trustees**
Mrs S D Springer Trustee BB Springer Trustee J Springer Chair
## **Independent Examiner**
Venitt and Greaves Chartered Accountants 115 Craven Park Road South Tottenham London N15 6BL
Approved by order of the board of trustees on 8 October 2024 and signed on its behalf by:
J Springer - Trustee
Page 2
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF JOSHA**
## **Independent examiner's report to the trustees of JOSHA**
I report to the charity trustees on my examination of the accounts of JOSHA (the Trust) for the year ended 4 December 2023.
## **Responsibilities and basis of report**
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
## **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 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.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
M A Venitt, A.C.A
Venitt and Greaves Chartered Accountants 115 Craven Park Road South Tottenham London N15 6BL
8 October 2024
Page 3
## **JOSHA**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 4 DECEMBER 2023**
|Notes
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
Investment income
3
**Total**
**EXPENDITURE ON**
**Charitable activities**
4
Charitable
Other
**Total**
**NET INCOME/(EXPENDITURE)**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**|4.12.23
Unrestricted
fund
£
-
147,595
147,595
175,400
975
176,375
(28,780)
1,585,527
1,556,747|4.12.22
Total
funds
£
750,000
33,728|
|---|---|---|
|||783,728|
|||144,836
795|
|||145,631|
|||638,097
947,430|
|||1,585,527|
The notes form part of these financial statements
Page 4
## **JOSHA**
## **BALANCE SHEET 4 DECEMBER 2023**
|Notes
**CURRENT ASSETS**
Debtors
9
Cash at bank
**CREDITORS**
Amounts falling due within one year
10
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**NET ASSETS**
**FUNDS**
11
Unrestricted funds
**TOTAL FUNDS**|4.12.23
Unrestricted
fund
£
1,544,581
13,066
1,557,647
(900)
1,556,747
1,556,747
1,556,747
1,556,747
1,556,747|4.12.22
Total
funds
£
1,404,808
181,438
1,586,246
(719)
1,585,527
1,585,527
1,585,527
1,585,527
1,585,527|
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 8 October 2024 and were signed on its behalf by:
J Springer - Trustee
BB Springer - Trustee
S D Springer - Trustee
The notes form part of these financial statements
Page 5
## **JOSHA**
## **CASH FLOW STATEMENT FOR THE YEAR ENDED 4 DECEMBER 2023**
|Notes
**Cash flows from operating activities**
Cash generated from operations
1
Net cash used in operating activities
**Cash flows from investing activities**
Interest received
Net cash provided by investing activities
**Change in cash and cash equivalents in**
**the reporting period**
**Cash and cash equivalents at the**
**beginning of the reporting period**
**Cash and cash equivalents at the end of**
**the reporting period**|4.12.23
£
(315,967)
(315,967)
147,595
147,595
(168,372)
181,438
13,066|4.12.22
£
(799,720)
(799,720)
33,728
33,728
(765,992)
947,430
181,438|
|---|---|---|
The notes form part of these financial statements
Page 6
**JOSHA**
## **NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 4 DECEMBER 2023**
## **1. RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES**
|**OPERATING ACTIVITIES**|||
|---|---|---|
|**Net (expenditure)/income for the reporting period (as per the**
**Statement of Financial Activities)**
**Adjustments for:**
Interest received
Increase in debtors
Increase in creditors
**Net cash used in operations**|4.12.23
£
(28,780)
(147,595)
(139,773)
181
(315,967)|4.12.22
£
638,097
(33,728)
(1,404,808 )
719|
|||(799,720)|
## **2. ANALYSIS OF CHANGES IN NET FUNDS**
||At 5.12.22|Cash flow|At 4.12.23|
|---|---|---|---|
||£|£|£|
|**Net cash**||||
|Cash at bank|181,438|(168,372)|13,066|
||181,438|(168,372)|13,066|
|**Total**|181,438|(168,372)|13,066|
The notes form part of these financial statements
Page 7
**JOSHA**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 4 DECEMBER 2023**
## **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.
## **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.
## **Governance costs**
Goverance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.
## **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. DONATIONS AND LEGACIES**
|**DONATIONS AND LEGACIES**||||
|---|---|---|---|
||4.12.23||4.12.22|
||£||£|
|Donations||-|750,000|
continued...
Page 8
**JOSHA**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 4 DECEMBER 2023**
## **3. INVESTMENT INCOME**
|**INVESTMENT INCOME**|||
|---|---|---|
||4.12.23|4.12.22|
||£|£|
|Interest|147,595|33,728|
## **4. CHARITABLE ACTIVITIES COSTS**
|**4.**|**CHARITABLE ACTIVITIES COSTS**||||
|---|---|---|---|---|
|||||Grant|
|||||funding of|
|||||activities|
|||||(see note|
|||||5)|
|||||£|
||Charitable|||175,400|
|**5.**|**GRANTS PAYABLE**||||
||||4.12.23|4.12.22|
||||£|£|
||Charitable||175,400|144,836|
|**6.**|**SUPPORT COSTS**||||
||||Governance||
|||Finance|costs|Totals|
|||£|£|£|
||Other resources expended|75|900|975|
|**7.**|**TRUSTEES' REMUNERATION AND BENEFITS**||||
There were no trustees' remuneration or other benefits for the year ended 4 December 2023 nor for the year ended 4 December 2022.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 4 December 2023 nor for the year ended 4 December 2022.
## **8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
|**INCOME AND ENDOWMENTS FROM**
Donations and legacies
Investment income
**Total**
**EXPENDITURE ON**
**Charitable activities**
Charitable
Other
**Total**|Unrestricted
fund
£
750,000
33,728|
|---|---|
||783,728|
||144,836
795|
||145,631|
continued...
Page 9
**JOSHA**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 4 DECEMBER 2023**
## **8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**
|**NET INCOME**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**
**9.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Other debtors
**10.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Other creditors
**11.**
**MOVEMENT IN FUNDS**
At
5.12.22
£
**Unrestricted funds**
General fund
1,585,527
**TOTAL FUNDS**
1,585,527
Net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
147,595
**TOTAL FUNDS**
147,595|4.12.23
£
1,544,581
4.12.23
£
900
Net
movement
in funds
£
(28,780)
(28,780)
Resources
expended
£
(176,375)
(176,375)||Unrestricted
fund
£|
|---|---|---|---|
||||638,097
947,430|
||||1,585,527|
||||4.12.22
£
1,404,808
4.12.22
£
719
At
4.12.23
£
1,556,747
1,556,747
Movement
in funds
£
(28,780)
(28,780)|
|||||
|||||
|||||
continued...
Page 10
**JOSHA**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 4 DECEMBER 2023**
## **11. MOVEMENT IN FUNDS - continued**
## **Comparatives for movement in funds**
|**Unrestricted funds**
General fund
**TOTAL FUNDS**|At
5.12.21
£
947,430
947,430|Net
movement
At
in funds
4.12.22
£
£
638,097
1,585,527
638,097
1,585,527|
|---|---|---|
Comparative net movement in funds, included in the above are as follows:
|Incoming
resources
£
**Unrestricted funds**
General fund
783,728
**TOTAL FUNDS**
783,728
A current year 12 months and prior year 12 months combined position is as follows:
At
5.12.21
£
**Unrestricted funds**
General fund
947,430
**TOTAL FUNDS**
947,430|Incoming
resources
£
**Unrestricted funds**
General fund
783,728
**TOTAL FUNDS**
783,728
A current year 12 months and prior year 12 months combined position is as follows:
At
5.12.21
£
**Unrestricted funds**
General fund
947,430
**TOTAL FUNDS**
947,430|Resources
expended
£
(145,631)
(145,631)
Net
movement
in funds
£
609,317
609,317|Movement
in funds
£
638,097
638,097
At
4.12.23
£
1,556,747|
|---|---|---|---|
||||1,556,747|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**TOTAL FUNDS**|Incoming
resources
£
931,323
931,323|Resources
Movement
expended
in funds
£
£
(322,006)
609,317
(322,006)
609,317|Resources
Movement
expended
in funds
£
£
(322,006)
609,317
(322,006)
609,317|
|---|---|---|---|
||||609,317|
continued...
Page 11
**JOSHA**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 4 DECEMBER 2023**
## **12. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 4 December 2023.
Page 12