**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
**- 3 -**
**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.
**- 4 -**
**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)
**- 5 -**
**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:
- examine the accounts under section 145 of the Act;
- to follow the procedures laid down in the general directions given by the Charity Commission (under Section 145(5)(b) of the Charities Act); and
- state whether particular matters have come to my attention.
## **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:
- a) 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; and
- to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met; or
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
**- 6 -**
## **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