**REGISTERED CHARITY NUMBER: 273703** ## **BE'ER AVROHOM (UK) TRUST** **REPORT OF THE TRUSTEES AND** **FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023** Sugarwhite Meyer HS Ltd First Floor 94 Stamford Hill London N16 6XS **BE'ER AVROHOM (UK) TRUST** ## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023** |||**Page**|| |---|---|---|---| |**Reference and Administrative Details**||1|| |**Report of the Trustees**||2|| |**Independent Examiner's Report**||3|| |**Statement of Financial Activities**||4|| |**Balance Sheet**||5|| |**Notes to the Financial Statements**|6|to|9| ## **BE'ER AVROHOM (UK) TRUST** ## **REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 MARCH 2023** **TRUSTEES** S Bowden M Z Rapoport Rabbi Y Karlinski **PRINCIPAL ADDRESS** 33 Montpelier Rise London NW11 9DT **REGISTERED CHARITY** 273703 **NUMBER INDEPENDENT EXAMINER** Sugarwhite Meyer HS Ltd First Floor 94 Stamford Hill London N16 6XS **BANKERS** Lloyds Bank plc 182 High Street London E17 7HJ Page 1 ## **BE'ER AVROHOM (UK) TRUST** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023** The trustees present their report with the financial statements of the charity for the year ended 31 March 2023. 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). ## **REFERENCE AND ADMINISTRATIVE INFORMATION** The information is shown on page 1 of the financial statements and forms part of this report. ## **OBJECTIVES AND ACTIVITIES** ## **Objects for public benefit** The object of the charity are to promote Orthodox Jewish education and values. The trustees confirm that they have given due regard the Charity Commission's guidance on public benefit. ## **Investment policy** In accordance with its trust deed the trustees have the power, at their absolute discretion, to make any investment, that they think fit. In this regard the trustees regularly review the charity's position and needs in respect of investment policy and invest excess funds to produce income and safeguard the interest of the charity. ## **FINANCIAL REVIEW** ## **Achievement and performance** There was a reduction in both income and expenditure for the year leaving a deficit. ## **Reserves policy** The trustees do not seek to maintain reserves, other than to ensure that they can continue the activities of the charity. ## **FUTURE PLANS** The charity plans to continue its activities for the foreseeable future subject to satisfactory income. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing document** The charity was constituted and governed by Declaration of Trust dated 27 June 1977. ## **Recruitment and appointment of new trustees** There are three trustees, two of whom live in London. The third trustee visits and is also in regular contact to ensure tat the objects of the trust are met. It is not the intention of the trustees to appoint any new trustees. Should the situation change in the future, the trustees will apply suitable recruitment induction and training procedures. ## **Risk management** The trustees have reviewed the major risks to which the charity is exposed and confirm that they have established systems to mitigate them. Approved by order of the board of trustees on 16 October 2023 and signed on its behalf by: S Bowden - Trustee Page 2 ## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BE'ER AVROHOM (UK) TRUST** ## **Independent examiner's report to the trustees of Be'er Avrohom (UK) Trust** I report to the charity trustees on my examination of the accounts of Be'er Avrohom (UK) Trust (the Trust) for the year ended 31 March 2023. ## **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** 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: 1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or 2. the accounts do not accord with those records; or 3. 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. E Meyer FCA BSc Sugarwhite Meyer HS Ltd First Floor 94 Stamford Hill London N16 6XS 16 October 2023 Page 3 ## **BE'ER AVROHOM (UK) TRUST** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023** |**2023**
**Unrestricted**
**fund**
**Notes**
**£**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
133,655
**EXPENDITURE ON**
**Charitable activities**
2
Grantmaking
131,700
Support
2,528
**Total**
134,228
Net gains/(losses) on investments
72
**NET INCOME/(EXPENDITURE)**
(501)
**RECONCILIATION OF FUNDS**
Total funds brought forward
(8,740)
**TOTAL FUNDS CARRIED FORWARD**
(9,241)|**2022**
**Total**
**funds**
**£**
149,572
150,800
1,923
152,723
(5)
(3,156)
(5,584)
(8,740)| |---|---| The notes form part of these financial statements Page 4 ## **BE'ER AVROHOM (UK) TRUST** ## **BALANCE SHEET 31 MARCH 2023** |**Notes**
**FIXED ASSETS**
Investments
6
**CREDITORS**
Amounts falling due within one year
7
**NET CURRENT ASSETS/(LIABILITIES)**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**NET ASSETS/(LIABILITIES)**
**FUNDS**
Unrestricted funds
**TOTAL FUNDS**|**2023**
**2022**
**Total**
**Total**
**funds**
**funds**
**£**
**£**
224
152
(9,465)
(8,892)
(9,465)
(8,892)
(9,241)
(8,740)
(9,241)
(8,740)
(9,241)
(8,740)
(9,241)
(8,740)| |---|---| The financial statements were approved by the Board of Trustees and authorised for issue on 16 October 2023 and were signed on its behalf by: S Bowden - Trustee The notes form part of these financial statements Page 5 ## **BE'ER AVROHOM (UK) TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023** ## **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, with the exception of investments which are included at market value, as modified by the revaluation of certain assets. ## **Income** Donations are accounted for when received. All other income is recognised on a receivable basis. ## **Expenditure** Liabilities are recognised in the year in which they are incurred and includes irrecoverable VAT which is reported as part of the expenditure to which it relates. Grants are only recognised in the accounts when paid. Support costs are those incurred to assist the work of the charity but are not direct charitable activities. Governance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements. ## **Taxation** The charity is exempt from tax on its charitable activities. ## **Going concern** The financial statements have been prepared in accordance with the accounting principles appropriate to a going concern notwithstanding the deficiency in net assets at the balance sheet date. The trustees consider this to be appropriate having regard to the continued provision of financial support by the charity's bankers. ## **2. CHARITABLE ACTIVITIES COSTS** |Grantmaking
Support|**Grant**
**funding of**
**activities**
**(see note**
**3)**
**£**
131,700
-
131,700|**Support**
**costs (see**
**note 4)**
**£**
-
2,528
2,528|**Totals**
**£**
131,700
2,528| |---|---|---|---| ||||134,228| Page 6 ## **BE'ER AVROHOM (UK) TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023** ## **3. GRANTS PAYABLE** |Grantmaking
The total grants paid to institutions during the year was as follows:
Advancement of education
All grants were made to Yeshivas Be'er Avrohom.|**2023**
**£**
131,700
**2023**
**£**
131,700|**2022**
**£**
150,800| |---|---|---| |||**2022**
**£**
150,800| |||| ## **4. SUPPORT COSTS** |Support
Support costs, included in the above, are as follows:
**Other**
Sundries
**Governance costs**
Independent examiner's fee
Independent examiner's other fees|**Governance**
**Other**
**costs**
**Totals**
**£**
**£**
**£**
1,328
1,200
2,528
**2023**
**2022**
**Total**
**Support**
**activities**
**£**
**£**
1,328
723
**2023**
**2022**
**Total**
**Support**
**activities**
**£**
**£**
600
600
600
600
1,200
1,200| |---|---| ## **5. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022. Page 7 ## **BE'ER AVROHOM (UK) TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023** ## **6. FIXED ASSET INVESTMENTS** |**MARKET VALUE**
At 1 April 2022
Revaluations
At 31 March 2023
**NET BOOK VALUE**
At 31 March 2023
At 31 March 2022
There were no investment assets outside the UK.
Cost or valuation at 31 March 2023 is represented by:
Valuation in 2020
Valuation in 2021
Valuation in 2022
Valuation in 2023
**7.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Bank loans and overdrafts (see note 8)
Trade creditors
Other creditors
**8.**
**LOANS**
An analysis of the maturity of loans is given below:
Amounts falling due within one year on demand:
Bank overdrafts|**Listed**
**investments**
**£**
152
72
224
224
152
**Listed**
**investments**
**£**
175
(18)
(5)
72
224
**2023**
**2022**
**£**
**£**
8,265
7,691
-
1
1,200
1,200
9,465
8,892
**2023**
**2022**
**£**
**£**
8,265
7,691| |---|---| Page 8 **BE'ER AVROHOM (UK) TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023** ## **9. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 31 March 2023. Page 9