## **Trustees’ Annual Report for the period** ## **From 29 September 2020 To 28 September 2021 Charity name: TIFERES YISROEL Charity registration number: 1191518** The trustees present their report and the unaudited financial statements of the charity for the year ended 28 September 2021. ## **Board of Trustees** The trustees of the company are: Aryeh Zev Cohen Chair Eliyohu Lopian Trustee Laurence Calvin Freilich Trustee Trustees and other members of the management committee are appointed by members of Tiferes Yisroel Synagogue ## **Objectives and Activities** The charity was formed to promote the Orthodox Jewish religion, through the provision of synagogue services and religious education. During the year under review, membership of Kehillas Tiferes Yisroel– the working name of the synagogue, increased to over 20. Charitable appeals are held from time to time to raise funds to cover ongoing discretionary expenditure. In addition to the activities of the synagogue an innovative youth engagement program has been promoted. The Youth Minyan and Avos u Bonim program provided educational programs and independent prayer opportunities for local boys ranging in age from 9-15. These programmes are well attended by residents of Edgware and the surrounding area. The programmes feature highly popular local speakers and catered food. The trustees look forward to the program’s continued success in the forthcoming years. These activities undertaken by the charity provided public benefit. The charity will continue to provide these and similar services in the coming years. The management committee would like to take this opportunity to thank all of the generous donors throughout the year, as without their support, the charity’s projects would not have been possible. The Trustees confirm their compliance with the duty to have due regard to the Public Benefit guidance published by the Charity Commission when reviewing the Charity’s aims and objectives and in planning future activities. ## **Future Plans** The trustees would like to run further programmes and note the popularity of the synagogue is such that larger premises are required. Over the High Holiday period enlarged premises were rented and this attracted a larger number of people expressing interest in becoming full members ## **Reserves policy** The current distribution policy of the trustees is to distribute liquid reserves in furtherance of the objects of the charity. A reasonable cash balance is maintained to meet the charity's expenses as they fall due. ## **Risk management** The trustees monitor cash flows to ensure that there are sufficient funds to cover the monthly rental payments They do not consider that there are any other specific risks attached to the running of the charity that call for action to be taken ## **Financial review** The primary source of income of the charity the amounts received from voluntary donations and membership. Income was also generated through voluntary donations from outside the membership. Voluntary donations of £40,095 were made to the charities unrestricted funds At the end of the financial period the charity's unrestricted reserves were £15,478 The charity's bank balances were £15,478 None of the charity’s funds were materially in deficit at the end of the financial period. The trustees do not consider there to be any uncertainties about the charity's ability to continue as a going concern. ## **Trustees' responsibilities** The charity trustees (who are also the directors of the company for the purposes of company law) are responsible for preparing the trustees' annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the company and of the incoming resources and application of resources, including the income and expenditure of the company for that year. In preparing these financial statements, the trustees are required to: - select suitable accounting policies and then apply them consistently; - observe the methods and principles in the Charities SORP; - make judgements and estimates that are reasonable and prudent; - state whether applicable UK Accounting Standards have been followed, subject to any material departures - disclosed and explained in the financial statements; and - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue on that basis. ## **On behalf of the Board** Aryeh Zev Cohen Chair CHARITY COMMISSION FOR ENGLAND ANO WALES TIFERES YISROEL 1191518 Receipts and payments accounts CC16a For thè ￿lIad 28-Sep Section A Receipts and payments UnreSt￿¢t¢d Restricted nd• Endowm•nt Total tunds Last year A1 RKel DonthB m>J8 In S Don*b(YOc£4￿￿ euthid• 11n 11730 Sub tolal(Gnx88 Ints)me for ARJ A2 A•••t •nd In¥Mtrn•nt •al••. t•bl•). Sub ¢ot•l Tot•1 r•c•lpts A3Pa •nl• 14. 14101 4,900 0.031 thiritsblo xbvibe4 itol $.031 Sub lotal 24.817 A4 A8•et Ind Invutm•nt urcha•K, • tsbl• Subts 24617 24,817 N•t olroC•lp￿fp•yM0nth) AO Transfern betweèn fund8 A6 Ca8h fund• laat y••r ènd Cash fun(ts thls y••r•nd 144n 15,478 14478 15A78 CXX R1 atu￿nts ISSI Section B Statement of assets and liabilities at the end of the period Unre8trfjcttrd lund8 Restrlcted fund• to n••r•#£ Gatègorie4 Endowment lund• to nearest£ Lktai to B1 Cash fund• 4.1•J Total Cash funds 1S.478 Endowm•nt fund• fund• D•tsl to Fund to *tAch D¢tsll• Current ¥•lu• Wt*hl¢h ¢urv•nl vol 84 A•Mt• r•talnod lor th• charlty'8 own u•0 Fund towttkh Amr•Jrt du• Dgtal nol 86 LSablllti Syned by oro or tso trLNie8• on b•haW of •ll th• trust•g¥ Dats of roval noture Prlnl N8m• CCXX R2 accountx ISSI CHARITY COMMISSION FOR ENGLAND AND WALES Independent examlner's report on the accounts Section A Independent Examiner's Report R•port to the tru8t•MI m•mb•rn of I IFLOS VISRDEL On accounts for th• ymr •nd 29 9024 Charity no (If any) 1)(4 1&18 Set out on pa9•• I report to tho trustees ￿ my 8xamlnatlon of t charity (Ihe Tfusn for tts year orKkn1I9 0 RMponslblllll•• and As ts ¢*wity tru8t80s of TnJ8t. ar• re8pon•ible for the preparation ba81• of rnport of the accounts in acc￿￿nCe with tho requirements of the Charrties Act 2011 fthe Acr). account8 of th• abovè )0 I roport in r08pect of my examinats'on of the Tru8t'8 accounts carried ¢)ut under section 145 of the 2011 Act and in carrying out my éxamination. I have followed the athicabbe Direction8 given by the Charfty Comrnission urmder section 145(5){bl of the Act. Indop•ndent I have complet￿1 my examination. I confirm that rK) materfal matters have •xamlnerfs 8tatom•nt come to my attentlon In connection with the examinalth Wthlch gives me cauae to bolieve that In. any materlal respect.. a¢countirvJ record8 were not k•pt In gccordanc• wlth ￿¢tIon 130 of the Act or the accounts do not acmrd wlth the acc¢)untlNJ rocordl I have con¢ems and have come acx088 no other mattern in connection with examination to ￿1th attention shoukl be drawn in wder to enable proper uThJer3tanding of the accwnts to be reached. ' Plew de￿18 the wvrds In l)rncket8 Mth8y do not eppty. 819n•d: Dat•: 120 Nam•: R•lovant profM•lon•l qualMc*tlonl•) or body (If any): (¢JMPlpJy ty QtLTUL Addrw: 16c) cL)sI￿A$l6 Whv IER OCto￿r 2018