REGISTERED CHARITY NUMBER: 268916 Trustees, Re oil and Uiiaudited FinaTh¢ial Statements for Y arEnded 5 A ril 2024 for A B STROM & R STROM CHARITABLE TRUST
A b STROM R STROM CHARITABLE TRUST Contents of the Financial Statements for the Year Ended 5 A ril 2024 Page Trust¢¢s' Report Independent Examiner's Repo Statement of Fitiancial Activities Balan¢e Sheet Notes to the Financial Stat¢tnents 6 to 10 Detailed Statement of Financial Activities
TROM & R STROM CHAIUTABLE TRUST for the En ed5A ril 2024 The trustees present their report with the financial statements of the charity for the year ended 5 April 2024. The ti'ustees have adopted the plVisIOnS of Accounting and Reporting by Charities.. Statement of Recommended Practice ttpplicable to chayities pi'eparing th¢ir accounts in a¢cordaiice with the FinancÈal Reporting Standard appli¢able in the UK 2nd liepublsc of Ireland (FRS 1021 {eff¢¢¢ive l Januaiy 2019). OBJEcfivEs AND AcfiviTIES Objeeliv¢s and aims The Charity's objccts as established, continued uii¢hanged, are the advanc¢inent of ¢ducatlgn a¢oordill8 to the tenet5 of the OrÉhodox Jewish faith, 2nd the relief of poveity and sickness. The trustee5 ¢onfimi that they have referr¢d to the guidance Contained in the Charity Commission's general guidance on public benefit when revi¢wing tlie Ch&ritys aims and objectives and in planing future Aetivitits and setting grant making polÉcy Eor the year. Grants are made to individuals, chai'itable institutions and organisations which accord with th¢ objects of the Charity. FINANCIAL REVIEW Reserv¢5 policy It is the policy of the Charity that unrestricted funds which have not been designated for a specific use should be mainthined at a level ¢quivalenl to between three and six month's expendttt]re. The Trustees con%iders that reserves at this l¢v¢l will ensure that the event of a signifiLiint drop in funding, they will be able to continue the Charity's cwyent activities while CQT)sideralion is given to ways in which additional funds may be ryised. ThL5 l¢vel of I'eserves has been maintained Ihroughout the yeai.. Going concer At the time of approving the financial statement5, the Ti'uste¢s have 8 reasonable ¢xpeetaiion that the Charity has adequate resources to continue in operational existence for the foreseeable futu. Thus the Tiustees continue to adopt the going concern basis of accounting in preparing tlie financial 5tat¢Tn¢nts. STRUCTURE, GOVERNANCE AND MANAGEMENT Governiiig document The charity is controlled by its governing docutnenl, a deed o(trust and constitutes an unincorporaled charity. Rislc management The ti'uste¢s have a duty to identify and review the Yiskg to which the charity is exposed and to ensure appropriate eoiitrols are in pla(¢ to provide reasonabl¢ as5ul.ance agai11$t fraud and errol.. The Tiwsteeg have assessed the major risks lo which tlie Chai'ity is exposed, and al'e satisfied that systems are in place to mitigate exposuir to the major risks. REFERBNCE AND ADMINISTRATIVE DETAILS R¢glstcred Charity llumber 268916 Principal addyess I I GLOUCESTER GARDENS LONDON NWII 9AB Trustees D Grunhul Mr I Weissbraun M Kiaus Mrs D W¢is$braun (appointed 1.9.23) Mr M Wei5sbizui) (appointed l. 50.23) Page I
A B STROM & R STROM CHARITABLE TRUST Trllstees, Re ort for the Yeai. Ended 5 A ril 2024 REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner N Khadka ACA FCCA Khadka Accountancy Services Ltd Chartered Ac¢ountants 220 The Vale London NWII 8SR STATEMENT OF TRUSTEI ES, RESPONSIBILITIES The iruslees are responsible for pr¢paring the Trustees, Report and the financial statements in accordanc¢ with applicable law and United Kingdom Accounting Standard5 (United Kingdom Generally Accepted Accounting Practic¢) including Financial Reporting Standard 102 'The Financial Reporting Standard appli¢able in the UK and Republic of Ireland. The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Report$) Regulations 2008 and the provi55ons of the trust deed requires the trustees to prepare financial statements for each financial year which give a true and fair view of the State of affairs of the charity and of the incoming r¢soiir¢es and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are r¢quired to select suitable accounting policies and then apply them consistently. observe tho methods and principles in the Charity SORP. mak¢ judgements aiid estimates that are I'easonable and prudent., prepare the financial statements on the going con¢ern basis unless It is inappropriate to presume that the ¢harity will continue in business. The trust¢es are responsible for k¢¢ping proper 8ccounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) R¢gulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention at]d detection of fraud and other irregulai'ities. Approved by order of the board of trustees on 3 March 2025 and signed on it5 behalf by.. Mr M Weissbraun- Truste¢ Page 2
Inde endent Bxamincr's Re A B STROM & R STROM ort to t]ie Tru5te¢s of HARITABLE TRUST Ind¢p¢ndenl exaininer's report to the trusteos of A B STROM & R STROM CHARITABLE TRUST I report to the charity ffLlStees on my ¢xaminaiion of the accounts of A B STROM & R STROM CHAIUTABLE TRUST (the Trust) for tlie year ended 5 April 2024. Responsibilities and basis of report As the chai'ity trustees of the Ti'ust you ar¢ responsible for the preparation of the Aecounts in accordan¢¢ with the requireinents of the Charities Act 2011 ('the Act?. I report in r¢$pect ofmy examitiation of the Trust's account5 Carried out uAder Section 145 of the Act and in carrying out my examination I have followed all applicable Direction5 given by the Charity Commission under Section 145(5)(b) of the Act. Independeiit examiner'$ $t*temenl I have completed my examination. I confii'm that no matei'ial matters have come to tny att¢ntÉon in connection with the examination giving me cause to believe tha¢ in any material respect.. accounting r¢coi'ds were not kept in re5P¢¢t of the Trust as required by Section IJO of the Act. or the accounts do not accord with those records. or the 8CCOUllts do not comply with the applicable I'¢quir¢rnents concerning the fom) and content of accounts set out in the Chariiies (Account5 and Reporrs) Regulations 2008 other than any requireinent that the accounts give e and fail. view which is not a matter considered as part of all independent examination. I have no concerns and have come across no oth¢i' matters in connection with the examination to which attention should be drawn in this i'¢pgrt in order to eiiable o proper undcrstanding of the accounts to be reached. N Khadka ACA FCCA Khadka Accountancy Services Ltd Chartered Accountants 220 The Vale London NWII 8SR 3 March 2025 Page 3
A B STROM & R STROM CHARITABLE TRUST Starement of Financial Activities for the Year Ended 5 A ril 2024 5.4.24 Unrestricted fund 5.4.23 Total fllnds Notes INCOMK AND EINDOWMENTS FROM Donativns and legabies 116,815 291,000 Investm¢nt incom¢ 41,307 29,643 Total 158,122 320,643 EXPENDITURE ON Charit&ble activities Charitable a¢tivilies 193.630 2,077,479 Other 1,020 8,342 Total 194,650 2,085,821 Net gains on investments 3,178 NET INCOMEI(EXPENDITURE) (36,528) (1,762,000> RECONCILIATION OF FUNDS TotLI funds bi'ought foivard 1,240,622 3,002,622 TOTAL FUNDS CARRIED FORWARD 1,204,094 1,240,622 The notes form pait of thes¢ financial statem¢nts Page 4
A B STROM & R STROM CHARITABLE TfiusT Balance Sheet I'll 2024 5.4.24 Unrestricted fund 5.4.23 Total funds Notes CURRENT ASSETS Debtors.. amounts falling du¢ wkthin one year Cash at bank 914,324 299,166 888,090 361,927 1,213,490 1,250,017 CREI DITORS ATnounts falling due within one year 10 (9.396) {9,395) NET CURRENT ASSETS 1,204.094 1,240,622 TOTAL ASSETS LESS CURRENT LIABILITIES 1204,094 1,240,622 IYET ASSETS 1,204,094 1,240,622 FUNDS Unrestricted funds.. General fund 1,204,094 1,240,622 TOTAL FUNDS 1,204,094 1.240,622 The financial statements were approved by the Board of Trustees and authorised for issue on 3 March 2025 and were signed on its behalf by.. Mr M Weis5bra rustee The notes fom) part of thes¢ financial statem¢nts Page 5
STROM & R STROM CHARITABLE TRUST Not¢s to the Financial Statem¢n for the Y¢ai' Ended 5 A ril 2024 ACCOUNTING POLICJES Basi% of preparing th¢ financial statements The finftncial statements of the chai'ity, which is a public b¢nefJt entity under FRS 102. have been prepa]rd in aceordanee with the Lharitie5 SORP (FRS 102) 'Ac¢ounting and Reporting by Charities.. Statement of Re¢omJnended Practice applicable to cliai'itie5 preparing their acci)untq in accordance with the Finan¢i&l Repoi1ing Standard applicable in the UK and Republic of Ireland (FRS 102) leffe¢tive l January 2019),, Financial Repoiting Standard 102 'The Fsnanoial Reporting Standai'd applicable ill the UK and Repttblic of Ireland, and the Charities Aet 201 l. The financial stat¢men15 h2ve been prepared under the historical cost convelltion, with the exception of investmenrs which are it)cluded at market value, as Inodified by the revaluation of ceil&iTr assets. Income All income 15 r¢cogni5ed iii the Statement of Fsnancial Aetivities once the charity has entitlement to tlie funds, it is probable that th¢ income will be received and thc amourlt ¢an be measured reliably. xpenditllrt Liabilities are i'¢COliStd as expenditure a5 soon as Ih¢re is a legal or constiuctive obligation committing the charity to that expeiiditure, it És probable that a ti'ansfei. of economic benefits will be requiied in settlement and the amount of th¢ obligation be In¢asured reliably. Expenditure is accounted for on an accruals basis and hag been classified under headings that aggregate all cost related to the categoiy. Where ¢05ts Cannot be directly atts'ibutcd io parlieulay headings ih¢y have been allocated to activitie5 on a basis consistent with lh¢ u5¢ of resources. GT8nts off¢i'ed subject to conditions which have not been met at the year ¢nd date are noted as a committnent but not acciued as exp¢nditure. Charitsblt actlvltles Grdnts are made to individuals, charitable institutions and organisations which aceoi'd with the objects of the Charity. Taxxtiom The chai'ity is exempt from tax on its ¢harilable activities. Fund accoutttin£ Unre5trirt¢d funds can be used in aordanCe with the charitable objectives at the discretioll of th¢ Iru5tees. Restricied funds ¢an only be used for particular restricted purposes within the objects of the charity. Restrictions ai'tse whet) specsfied by the donor or when funds are I'aised for parti¢ulaY resti'icted purposes. Furtl)er explanation of the nature and puipose of each fund 15 in¢lyd¢d in the notes to the finjncial statements. DONATIONS AND LEGACIES S.4.24 5.4.23 Donations 116,815 291,000 Page 6 gniinued..
A B STROM & R STROM CHARITABLE TRUST Notes to the Financial Statements foi. the Year Eded 5 A ril 2024 ntinued INVESTMENT INCOME 5.4.24 5.4.23 Other participating interests Deposit a¢¢ount intei'est 35,524 5,783 29,643 45,307 29,643 CHARITABLE AcfiviTIES COSTS Grant fi]nding of activities (See note 5) Charitable activities 193,630 GRAIYTS PAY ABLE 5.4.24 5.4.23 Charitable activities 193,630 2,077,479 SUPPORT COSTS Governance costs Other resources expend¢d 1.020 TRUSTEES, REMUNERATION AND BENEFITS Thei'e We no truste¢s' i'emuneration OJ. other benefits for the year ¢nded 5 April 2024 nor for the year ended 5 April 2023. Trustees, expenses Theie were no trustees, exp¢nses paid for the year ended 5 April 2024 nor for the yeai. ended 5 April 2023. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund INCOME AND ENDOWMENTS FROM Donations and legacies 291,000 Investm¢nt income 29,643 Tothl 320,643 EXPENDITURE ON Chavitable aetivities Charitabl¢ activities 2.077,479 Other 8.342 Page 7 ontinued...
A B STROM & R STROM CHARITABLE TRUST Notes 10 the Fillancsal Slaternents- continu¢d for the Year Ended S A ril 2024 COMPARATIVES FOR THE STATEMENT OF FINANCIAL AcfivETIES- continued Unrestricted nd Total 2,085,821 Net gains on investtments 3.178 NET INCOMEI(EXPENDITURE) (1,762,000) RECONCILIATION OF FUNDS Total funds brought forward 3.002,622 TOTAL FUNDS CARRIED FORWARD 1.240,622 DEBTORS: AMOUNTS FALLING DUK WITHIN ONE YEAR 5.4.24 5.4.23 Other debtors 914,324 888,090 io. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 5.4.24 5.4.23 Tr&de CiEditor5 Othei. cr¢diiors 9,395 9,395 9,396 9,395 ii. MOVEMENT IN FUNDS Net movement in funds At 5.4.24 At 6.4.23 Unrestrleted (unds O¢neral fund 1,240,622 (36,528) 1,204,094 TOTAL FUNDS 1.240,622 (36,528) 1,204,094 Net mov¢ment in funds, included in the above are as follows.. Incoming resources Resoui'¢es expended Moveinenl in fijnds Unrestrlcted funds Genei?I fund 158,122 (194,650) (36.528} TOYAL FUNDS 158,122 (194,650) (36,528) Page 8 ntinued...
A B STROM & R STROM CHARITABLE T Notes to the Financial Statements- continued for the Year Ended 5 A ril 2024 ii. MOVEMENT IN FUNDS- continued Comparatives for movement iii funds Nd moY¢ment in funds At 5.4.23 At 6.4.22 Unr¢striettd funds Geneial fund 3,002,622 (1,762,000) 1,240,622 TOTAL FUNDS 3,002.622 (1,762,(M)O) 1,240,622 Compai'ative net movement in fi]nds, included in the above al't as follow5: Incoming resources Resources exp¢nded Gains and losses Movem¢nt in fundy UMrestrTCted funds G¢neral Cund 320.643 {2,085,821) 3,178 (1,762.000) TOTAL FUNDS 320.643 (2,085,821) 3,178 (1,762,000) A ¢urrent year 12 monihs and prior year 12 months cornbined position 15 a% follows: Net Inovement kn fLLnds Al 5.4.24 At 6.4.22 Uni'estri¢l¢d G¢neral fund 3,002,622 (1,798,528) 1,204,094 TOTAL FUNDS 3.(K)2,622 (1.798,528) 1,204,094 A current year 12 months and pyior year 12 months eombined net movement in funds, included iii the abov¢ are as foSl0ws'. Incoming resoui'c¢s Resourc¢% ¢xpended Gains and losses Movement in funds Urtrestrieted funds Gene171 thnd 478,765 {2,280,471) 3,178 (1,798,528) TOT AL FUNDS 478,765 (2,280.471) 3,178 (1,798,528) Page 9 continued...
ABST OM&RSTROMC AIUTABLE TRUST Notes to the Financial Statements- ¢ontinued foi. the Year F.tided S A ril 2024 12. RELATED PARTY DISCLOSURIS During tli¢ year interest receivable from Ockwfty House Limited amounted to £35,524 {2023- £29,643) and donfttiolls in the sum of £1 0.815 (2023.. £291,000). One of the trustee Mrs Dinah Grllnhut i& also J director of Ockway House Limited. During the year Ockway House Limit obtained lokths £0 (2023: £0) from the tIW5t. The amount owed by the company as at 5th Api'il 2024 amounted to £808,324 (2023.. £888,090). An annual interest of 4Q/o was ¢harxed on the loan. Page 10
A B STROM R STROM CHARITABLE TR Detailed Staleinent of Financial Activit1¢5 foi" the Yeai. Ended 5 A ril 2024 5.4.24 5.4.23 INCOME AND ENDOWMENTS Doiimtiuns and legaeies Donations 116,815 291,000 Investinenl iiieomc Otl)er participating interegts Deposit accoullt interest 35.524 5.783 29,643 41,307 29,643 Totol Incoining resources 158,122 320.643 EXPENDITURE Charltable actlVLtles Grants to institutions 193,630 2,077,479 Support costs Governance eosls A¢¢ountancy and legal fees 1.020 8,342 Total resources expended 194,650 2.085,821 Net expenditure before golns and losses (36.528) (1,765,178) Realised reeognised gAins and losses Realised gaEns1(Iossc4) on fixed asset investm¢nts 1,829,694 Nel (expendilureyincome (36,528) 64,516 This p&ge does not forin part of the slatutory financial 5tat¢ments Pag¢ 11