REGISTERED CHARITY NUMBER: 256600
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 March 2025
for
Slabodka Yeshiva Trust
London Accounting Group Ltd
Slabodka Yeshiva Trust
Report of the Trustees for the Year Ended 31 March 2025
The trustees present their report with the financial statements of the charity for the year ended 31 March 2025. 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
To supports Talmusical College to apply the same and the income thereof for the furtherance and promotion of the Jewish religion and Jewish religious education in such manner as the trustees may from time to time think fit.
Public benefit
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.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
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
256600
Principal address
10 Limes Avenue London NW11 9TJ
Trustees
A Heller D Frand A Edelstein
Independent Examiner
London Accounting Group Ltd
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
........................................................................ A Edelstein - Trustee
Page 1
Independent Examiner's Report to the Trustees of Slabodka Yeshiva Trust
Independent examiner's report to the trustees of Slabodka Yeshiva Trust
I report to the charity trustees on my examination of the accounts of Slabodka Yeshiva Trust (the Trust) for the year ended 31 March 2025.
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
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
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:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
-
the accounts do not accord with those records; or
-
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.
Mr F Martin FCA
London Accounting Group Ltd
Date: .............................................
Page 2
Slabodka Yeshiva Trust
Statement of Financial Activities for the Year Ended 31 March 2025
| 31.3.25 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 381,522 EXPENDITURE ON Charitable activities 3 Donations made 382,000 Other 690 Total 382,690 NET INCOME/(EXPENDITURE) (1,168) RECONCILIATION OF FUNDS Total funds brought forward 7,167 TOTAL FUNDS CARRIED FORWARD 5,999 |
31.3.24 Total funds £ 573,088 579,097 225 579,322 (6,234) 13,401 7,167 |
|---|---|
The notes form part of these financial statements
Page 3
Slabodka Yeshiva Trust
Balance Sheet 31 March 2025
| 31.3.25 | 31.3.24 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| CURRENT ASSETS | |||
| Cash at bank | 6,479 | 7,167 | |
| CREDITORS | |||
| Amounts falling due within one year | 8 | (480) | - |
| NET CURRENT ASSETS | 5,999 | 7,167 | |
| TOTAL ASSETS LESS CURRENT | |||
| LIABILITIES | 5,999 | 7,167 | |
| NET ASSETS | 5,999 | 7,167 | |
| FUNDS | 9 | ||
| Unrestricted funds | 5,999 | 7,167 | |
| TOTAL FUNDS | 5,999 | 7,167 |
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. A Edelstein - Trustee
The notes form part of these financial statements
Page 4
Slabodka Yeshiva Trust
Cash Flow Statement for the Year Ended 31 March 2025
| 31.3.25 | 31.3.24 | ||
|---|---|---|---|
| Notes | £ | £ | |
| Cash flows from operating activities | |||
| Cash generated from operations | 1 | (688) | (6,234) |
| Net cash used in operating activities | (688) | (6,234) | |
| Change in cash and cash equivalents in | |||
| the reporting period | (688) | (6,234) | |
| Cash and cash equivalents at the | |||
| beginning of the reporting period | 7,167 | 13,401 | |
| Cash and cash equivalents at the end of | |||
| the reporting period | 6,479 | 7,167 |
The notes form part of these financial statements
Page 5
Slabodka Yeshiva Trust
Notes to the Cash Flow Statement for the Year Ended 31 March 2025
1. RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES
| ACTIVITIES | |||
|---|---|---|---|
| 31.3.25 | 31.3.24 | ||
| £ | £ | ||
| Net expenditure for the reporting period (as per the Statement of | |||
| Financial Activities) | (1,168) | (6,234) | |
| Adjustments for: | |||
| Increase in creditors | 480 | - | |
| Net cash used in operations | (688) | (6,234) | |
| ANALYSIS OF CHANGES IN NET FUNDS | |||
| At | 1/4/24 | Cash flow | At 31/3/25 |
| Net cash | £ | £ | £ |
| Cash at bank | 7,167 | (688) | 6,479 |
| 7,167 | (688) | 6,479 | |
| Total | 7,167 | (688) | 6,479 |
2. ANALYSIS OF CHANGES IN NET FUNDS
The notes form part of these financial statements
Page 6
Slabodka Yeshiva Trust
Notes to the Financial Statements for the Year Ended 31 March 2025
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.
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 | ||
|---|---|---|
| 31.3.25 | 31.3.24 | |
| £ | £ | |
| Donations | 381,522 | 573,088 |
continued...
Page 7
Slabodka Yeshiva Trust
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
3. CHARITABLE ACTIVITIES COSTS
| Grant | ||||
|---|---|---|---|---|
| funding of | ||||
| activities | ||||
| (see note | ||||
| 4) | ||||
| £ | ||||
| Donations made | 382,000 | |||
| 4. | GRANTS PAYABLE | |||
| Donations made | 31.3.25 £ 382,000 |
31.3.24 £ 548,438 |
||
| All grants were paid out to Slabodka Yeshiva Israel. | ||||
| 5. | SUPPORT COSTS | |||
| Other resources expended | Finance £ 210 |
Governance costs £ 480 |
Totals £ 690 |
6. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.
7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| INCOME AND ENDOWMENTS FROM Donations and legacies |
Unrestricted fund £ 573,088 |
|---|---|
| EXPENDITURE ON Charitable activities Donations made Other |
579,097 225 |
| Total | 579,322 |
| NET INCOME/(EXPENDITURE) | (6,234) |
| RECONCILIATION OF FUNDS | |
| Total funds brought forward | 13,401 |
continued...
Page 8
Slabodka Yeshiva Trust
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
| TOTAL FUNDS CARRIED FORWARD 8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other creditors 9. MOVEMENT IN FUNDS At 1/4/24 £ Unrestricted funds General fund 7,167 TOTAL FUNDS 7,167 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 381,522 TOTAL FUNDS 381,522 Comparatives for movement in funds At 1/4/23 £ Unrestricted funds General fund 13,401 TOTAL FUNDS 13,401 |
Unrestricted fund £ 7,167 31.3.25 31.3.24 £ £ 480 - Net movement At in funds 31/3/25 £ £ (1,168) 5,999 (1,168) 5,999 Resources Movement expended in funds £ £ (382,690) (1,168) (382,690) (1,168) Net movement At in funds 31/3/24 £ £ (6,234) 7,167 (6,234) 7,167 |
|---|---|
continued...
Page 9
Slabodka Yeshiva Trust
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
9. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming resources £ Unrestricted funds General fund 573,088 TOTAL FUNDS 573,088 A current year 12 months and prior year 12 months combined position is as follows: At 1/4/23 £ Unrestricted funds General fund 13,401 TOTAL FUNDS 13,401 |
Resources Movement expended in funds £ £ (579,322) (6,234) (579,322) (6,234) Net movement At in funds 31/3/25 £ £ (7,402) 5,999 (7,402) 5,999 |
|---|---|
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 £ 954,610 954,610 |
Resources Movement expended in funds £ £ (962,012) (7,402) (962,012) (7,402) |
|---|---|---|
10. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2025.
Page 10
Slabodka Yeshiva Trust
Detailed Statement of Financial Activities for the Year Ended 31 March 2025
| Detailed Statement of Financial Activities for the Year Ended 31 March 2025 |
|
|---|---|
| 31.3.25 31.3.24 |
|
| £ £ |
|
| INCOME AND ENDOWMENTS | |
| Donations and legacies | |
| Donations | 381,522 573,088 |
| Total incoming resources | 381,522 573,088 |
| EXPENDITURE | |
| Charitable activities | |
| Other expenses | - 30,659 |
| Grants to institutions | 382,000 548,438 |
| Support costs | 382,000 579,097 |
| Finance | |
| Bank charges | 210 225 |
| Governance costs | |
| Accountancy and legal fees | 480 - |
| Total resources expended | 382,690 579,322 |
| Net expenditure | (1,168) (6,234) |
This page does not form part of the statutory financial statements
Page 11
Slabodka Yeshiva Trust
Contents of the Financial Statements for the Year Ended 31 March 2025
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | ||
| Independent Examiner's Report | 2 | ||
| Statement of Financial Activities | 3 | ||
| Balance Sheet | 4 | ||
| Cash Flow Statement | 5 | ||
| Notes to the Cash Flow Statement | 6 | ||
| Notes to the Financial Statements | 7 | to | 10 |
| Detailed Statement of Financial Activities | 11 |