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2023-05-31-accounts

Charity Number 1195834

KEREN YESHAYE

TRUSTEES` REPORT & FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

KEREN YESHAYE

FINANCIAL STATEMENTS

YEAR ENDED 31 MAY 2023

CONTENTS PAGE
Reference and administrative details 3
Trustees Annual Report 4-5
Independent examiner's report to the trustees 6
Statement of financial activities 7
Balance sheet 8
Notes to the financial statements 9-10

KEREN YESHAYE

TRUSTEES ANNUAL REPORT (continued)

YEAR ENDED 31 MAY 2023

The trustees present their annual report and the independently examined financial statements of the charity for the year ended 31 May 2023.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered charity name Keren Yeshaye Charity registration number 1195834 Registered address 52 Cranwich Road London N16 5JN The trustees M H Kahan Y Arberman Bankers Lloyds Bank

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KEREN YESHAYE

TRUSTEES ANNUAL REPORT (continued)

YEAR ENDED 31 MAY 2023

STRUCTURE, GOVERNANCE AND MANAGEMENT

Keren Yeshaye is constituted and governed by a Declaration of Trust dated 17 September 2021. It is a registered charity with charity number 1195834and was registered on 17 September 2021. The charity is governed by a board of trustees who meet regularly. Day-to-day operations are led by its founder and Director, Mr M H Kahan.

Recruitment and induction

Recruitment and appointment of new trustees are in line with the Declaration of Trust and with the consent of the current trustees. In selecting individuals for appointment as trustees, the trustees must have regard to the skills, knowledge and experience needed for the effective administration of the charity. All major decisions are taken collectively by vote of the trustees and all the trustees give of their time freely. The trustees are unpaid and details of any related party transactions are disclosed as applicable in the notes to the accounts (2023-Nil).

Trustees receive suitable training in line with their roles and responsibilities.

Risk management

The trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the charity, and are satisfied that these risks are robustly managed, through its policies, systems and procedures for Safeguarding, Health and Safety and Financial Management and Controls.

Ongoing risk assessment and management is the responsibility of the trustees.

OBJECTIVES AND ACTIVITIES

The charity is to help those struggling, not on the day to day basis, but when there are out of the boxes expenses. i.e. marrying off a child, an unwell member in the family. bereavement and more. Since those are usually large expenses, something that even the well balanced, financial-organised person will struggle with.

Public benefit

The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning future activities.

ACHIEVEMENTS & PERFORMANCE

During the year we were able to help lots of individuals in need.

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KEREN YESHAYE

TRUSTEES ANNUAL REPORT (continued)

YEAR ENDED 31 MAY 2023

FUTURE PLANS

We hope to increase our fundraising activities and get some grants in order to enable us to help more of the needy.

The charity received £428,869 (2022: 0 ) in donations during the year. We wish to thank all our donors and funders.

The charity’s expenditure during the year amounted to £414,201 (2022: £0) primarily for the delivery of charitable activities as well as associated governance and support costs

The trustees are satisfied with the growth of the charity and balances of funds.

Reserves policy

The trustees retain reserves as necessary and where appropriate, consolidate funds in order to provide activities to its users they feel to be appropriate. At the period end, the charity held unrestricted reserves of £14,668.

The trustees' annual report were approved on 7[th] March 2024 and signed on behalf of the board of trustees by:

M H Kahan Trustee (Chairperson)

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KEREN YESHAYE

INDEPENDENT EXAMINER REPORT

YEAR ENDED 31 MAY 2023

I report on the accounts of the charity for the year ended 31 May 2023 set out on pages 9 to 13.

Respective Responsibilities of Trustees and Independent 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 Act”) and that an independent examination is needed.

It is my responsibility to:

Basis of Independent Examiner’s Statement

My examination 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 the 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 Examiner’s Statement

In connection with my examination, no matter has come to my attention:

b) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Js&Co Accountants Ltd 26 Theydon Road London E5 9NA

7[th] March 2024

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KEREN YESHAYE

STATEMENT OF FINANCIAL ACTIVITIES

for the year ended 31 May 2023

Notes
INCOMING RESOURCES
Incoming resources from generated funds
3
Donations and Grants
Total Incoming resources
RESOURCES EXPENDED
Charitable activities
4
Support Costs
5
Governance
6
Total resources expended
NET INCOMING/(OUTGOING)
RESOURCES
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
2023
2022
Funds
Total Funds
Total Funds
£
£
£
428,869
428,869
0
428,869
428,869
0
412,558
412,558
0
265
265
0
1,378
1,378
0
414,201
414,201
0
14,668
14,668
0
0
0
0
14,668
14,668
0

The Notes form part of the financial statements

Page 7

KEREN YESHAYE

2023
Notes
£
£
CURRENT ASSETS:
Cash at bank and in hand
15,448
15,448
CREDITORS: amounts falling
due within one year
8
-780
Net Current assets/(liabilities)
14,668
NET ASSETS:
14,668
FUNDS
9
Unrestricted funds
14,668
TOTAL FUNDS
14,668
BALANCE SHEET
31-May-23		 2022
£
£
0
0
0
0
0
0
0		 2022
£
£
0
0
0
0
0
0
0
0
0
0

Approved by the board of Trustees on: 07 March 2024 And signed on their behalf by:

Trustee M H Kahan

The Notes form part of these financial statements

Page 8

KEREN YESHAYE

NOTES TO THE FINANCIAL STATEMENTS

for the year ended 31 December 2023

1 ACCOUNTING POLICIES

Accounting convention

These accounts have been prepared in accordance with the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (FRSSE) (effective January 2015). In preparing the accounts, the charity follows best practice as laid down in the Statement of Recommended Practice “Accounting and Reporting by Charities” (SORP) issued in March 2005. Where there is a conflict between the FRSSE and the SORP, the SORP has been adopted in accordance with paragraph 419ff of the SORP.

Incoming resources

All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy.

Resources expended

Expenditure is accounted for on 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.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

2 TRUSTEES REMUNERATION AND BENEFITS

No trustee received remuneration, allowance for or reimbursement of expenses.

3 INCOMING RESOURCES FROM GENERATED FUNDS

Donations and Grants
4 COSTS OF CHARITABLE ACTIVITIES BREAKDOWN
Advertising
Grants		 Unrestricted
Funds
Total Funds
2023
Total Funds
2022
£
£
£
428,869
428,869
0
Unrestricted
Funds
Total Funds
2023
Total Funds
2022
£
£
£
20
20
0
412,538
412,538
0
412,558
412,558
0

Average number of employees, during the year was as follows: 0 (2022 0)

Page 9

KEREN YESHAYE

NOTES TO THE FINANCIAL STATEMENTS

for the year ended 31 December 2023

5
SUPPORT COSTS
Equipment rental
Telephone
6
GOVERNANCE
Accountancy
Bank charges
7
TAXATION		 Unrestricted
Total Funds
Total Funds
£
£
£
191
191
0
74
74
0
265
265
0
Unrestricted
Funds
Total Funds
2023
Total Funds
2022
£
£
£
780
780
0
598
598
0
1,378
1,378
0

Peninim is a registered charity and therefore is not liable to income tax or corporation tax on income derived from its charitable activities, as it falls within the various exemptions available to registered charities.

8 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Accruals
9
MOVEMENTS IN FUNDS
At 1.1.23
£
Unrestricted funds
General fund
0
TOTAL FUNDS
0
Net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
428,869
TOTAL FUNDS
428,869		 At 1.1.23
£
0		 2023
2022
£
£
780
0
780
0
Net movement
in funds
At 31.12.23
£
£
14,668
14,668
0 14,668
14,668
Resources
Movement in
expended
funds
£
£
414,201
14,668
428,869 414,201
14,668

Page 10