Charlty number. 2762S2 THE CHARITABLE FUND OF RAB81 ABRAHAM AND ESTELLE LEVY UNAUOITED TRUSTEE8' REPORT AMD FINANCIAL STATEMENT8 FOR THE YEAR ENDED 31 DECEMBER 2024
THE CHARITABLE FUND OF RABBI ABRAHAM AND ESTELLE LEVY CONTENTS Page Rol•renc• and Admlnl¥tr•llve Detsll¥ of th• Ch•rfty. Its Trust••8 •nd Advl••r• Tru•ts••' R•port Ind•yndont EMmln•V• R•port StAt•ment of Flnanclal Actlvltlo¥ B•l•n¢¢ Sh•ot Not•• to lh• Financlal 8tatsm•nts 7-13
THE CHARrrABLE FUND OF RABBI ABRAHAM AND ESTELLE LEW REFERE14CE AND ADMIMISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AMD ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2024 Tru8tse8 Julian Le Sian Lev Charlty rggl$ter•d number 276252 Prlnclpal offlce Naima JPS 21 Andover Place London NW6 SED Accountants Sopher + Co LLP Chartered Accountants 5 Elslree Gate Elslree Way 8or•hamwood Hertfordshire W06 1JD Page 1
THE CHARITABLE FUND OF RABBI ABRAHAM AND ESTELLE LEVY TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The Trustees present their annual report logethef with the financial statements of the The Charitable Fund of Rabbi Ai¥aham and Estelle Levy for the year ended 31 December 2024. Slru¢tUrni governinc• and man•gement . Constltutlon Thè principal object of the charty18 to help peotAe and charltsble Inslltutions or charftable foundations in need and lo provlde edUCaOnal foclllties for the communNy. b. Methods ol appolntmfrnt or •l•ctlon of Tru•ts•• The management of the Charfty 18 the résponsi.1ity of the Trustees vA)o are elected and cwiled under the temis of the Trust deed. c. Organl•atlonal •tructure •nd d•cl8lon-m•klng pollcl•• The Trust 16 a reglstered charty, no. 276252, Set up in 1978 and governed by a Trust Deed lo cary out the objectives a5 set Olrt below. The charlty changed nome on 1 January 2015 to The Charrtable Fund of Rabb( Abraham And Estelle Levy. ObJ•ctlv•• •nd •ctlvltl•• Poll¢l•s •nd obJectl¥o• In ststtlng objectives and planning for actsvities, the Truytee8 has glven due con8ider8tson to genernl guidanc published by th? charity commi53lon relatsng to public benefiL The charity's objects are to provide benafit by means of monetary payments lo persons or organi$alion$ are, in the op'nion of the trustees in their absc4ule dlg¢retion, deseNing of chgrrtable rellef and there has been no change in these durlng the year. b. Grant4naklng pollcl The trustees receive 8pplicatlon8 from Indlvlduals and Instfftutions. These are reviewed by the Trustees throughoLrt the year in Telation to the charitable obleclive8 and appropriate grants are approved by the Trustees. Achl•v•m•nts and fft•rnianCe . Golng concern After making appropriate enquiries, the trustees have a reasonable expectaUon that the charty h85 adequate resources to continue in op&r*ional existence for the foreseeable futu. For this reason they continue to adopt Ihe going concern baslg in preparing the financial statements. Further detsils regarding the adopb.on of the going ncem ba8Ss Can be found in the Accwntlng pole$. b. Revlow of a¢tlYiti•s During the year the charty donated amounts tolaling £49,820 12023. £34.151) to various institLth'ons and £nll 12023.. £3501 lo various individuals. Page 2
ThE CHARrrABLE Ful OF RABBI ABRAHAII AND ESTELLE LEVY TRVSTEE8' REPORT Icop¥llNUEDI FOR THE YEAR ENDED 31 DECEMBER X124 FInancl f•vIv R•Mm• palky The chwity aim• to expond incomtng Mowce8 in th• lorms of granlB payablo to v4rfouB Indwual and In8t6tutlonal beneftciarSeB. Thls18 dependent upon Ihe level of applkatk)n8 recefrmd for funding and •180 Ihe thl of dationS rec8S¥ed In the yeor. Tho TTusle06 ¥11 thlllse thow ro8eNe8 wn 8uitsble grant epplkatkns r•c•ived in futur• pwiod8. Al th• end chodty hAd r88erwB 01 £156,413 {2023.. £161.1. Tho r•r¥• polky ¥AM on an •nnval basis. 8tat•m•rt of TnMt•••' r••pon•lbllltl•• Th• Tru•t••• ar• re•pon•lbh for pr•parlng th• Tnwt•••' Rewt and tho finandfjl •t•m•nt• h acwd•nc• wlth appllcable lthv Unlted Klngdcn Accotsnllng Slandards (Unknd Kiwdom G•nernlty Aed Aco)unllrvJ PraGlk•). The ljw •pplic•bkn lo ch•rrtlg8 In Engl•nd & W81•s th• Tru8tM• lo pr•p•r• fin•n¢W ilt•m•nts f •Ach financlol whlch a tr? and fair of the •tal• ol affalr8 01 the Chorfty and of tt8 Incomlng r88ourc•• and appli¢•tiw of resour, including tts Incom• and •xpdr•. for that porfod. In the•• fancIal •tat•m•nts. th• Trul1 •r• r•quir•d to.. J•l•ct •uit•bl• xcounting polici•• •nd then appty tr•m ccMht•nY. ob•errf• the methods •nd prfrdFAa8 of tha Ch&rlti•8 SORP IFRS 102); maka judgments •nd Aonn9 •8tlm•ts8 that arn m80n1b pnA•n( itat• whether oppluble UK Accwnllng Slandirdi IFRS 102) have b•en foluw•d, I+1•¢t ts any m•twknl depwium dI1088d and •>phkned in the fln•n¢L41 ¥tatgM¢nts: pr•p•r• th• flnancoal 8t•l•monts on th• golng concom ba•Lq urkn tt h InapkYeprf•t• to pr••um• that tho Ch•iityknlW 0)ntin in bu8iM$$. The Tru8ts88 are reipon•lbl• for kooplng odbquate •ccountlng r•cord• th•t •r• to and •xpl•ln th• Charty• tT•n¥tnl and dI108t with r•a•on8bkn accur¥y at any tlme th• flnanciol posilkn of the ChArty and •n•t4• Ih•m to •Mure that ffinancial thl•mentfj comptry %wth lh• Ch•rIll A¢t 2011, th• Ch•rty (Accounts aThl R•portJ) Rogul•tlonB 2008 ¥nd the provlJion5 of the Tru•l de•l. They 4r• ••f•guarding t •i$•ts of th• ChArfty •nd h•nu fu t&lng rn••on•blg sty law tho prev•rrtton d•t•¢tson al fraud and other trr•gulartti•s. hpproved by order oltho m•mbern of the board of Tru8tee8 and ibJn•d on Ih•r b•h•if by. Jull•n L•vy Tru8le• DAto: Is IZJ" Page 3
THE CHARITABLE FUMO OF RABBI ABRAHAM AND ESTELLE LEVY INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 Ind8p8ndent Examiner's Report to the Tru$t••s of The Charltablo Fund of Rabbl Abrnham and Estelle Levy lh• Charlty'l I report lo the charity Trustees on my examlnation of the accounts of the Charity for the year ended 31 December 2024. R¢sponslbllltle8 and 81111 of Report Ag the Trustees of the Charity you are responsible for th• preparaOn of the accounts in accord¥nce the r8quiremenl$ of the Charities Act 2011 1.the 2011 AGI}- I report in respact of my examlna'on of tho Charlty'3 acBounl$ carried out under section 145 of the 2011 Act and in carying out my examination I have followed the applicable Dwecttons glven by the Charity Commlssion under sedon 14515llbl of the 2011 Act. Ind•pendent Ex•mln•rfs St#t•m•nt Your attention 1$ drawn to the f8cI that the Charity has prepared the accounls in accordance th Acc¢xJnUng and Reporting by Charitses.. Statement of Recommended Pracb'ce applicable to charities prepadng their a¢¢ounts in accordance wlh the Financi81 Reports'ng Standard applicable in the UK and Republic ol Ireland IFRS 1021 In preference lo the Accounting and Reporting by Charities.. Slalement of Recommended Pracllce issued on 1 Aprll 2005 which is referred lo In the extant regulatlons bul has been wlthdrawn. l understand that this has been done In order for the account$ lo provlde a true and falr eW In 8ccord8nce Vl the Generally Accepted Accounting Pradce effethve for reports'ng periods beginnlng on or after 1 January 2015. I have completed my examlnalion. I confimi that no matters have come lo my attenllon In conneGlion the ex8mlnation glvin9 me c8use to beIve that Sn any material respect.. accounung recwls tre not kept in respect ol the Ch•rlty 45 roquired by secllon 130 of the 2011 Act,. or the 8ccounls do not accord vlth those records,. or the accounts do not comply wth the applicable requirements concerning the form and content of accounts set out In the Charibes {Account8 and R8POrts1 Regulations 2008 other than any requirement that the accounts glve a 'lrue and fall vlew vthi¢h is not a matter consldered as part of an independent oxaminab"on. I have no concerns and have come across no other m8tters in connection the examination to 1¢h ottenllon 8hould be dravm in this report in ordgr lo enable a proper understanding of the accounts to be reached. Slgned.. Hazel Young Sopher + Co LLP Chartered Accountants 5 Elgtree Gate Elslree Way Borehamwood Hertfordshire WD6 1JD Dated: 1110512025 FCA Page 4
THE CHARITABLE FUND OF RABBI ABRAHAM ANO ESTELLE LEVY ST ATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 Unrostrfctsd funds 2024 Total fvnd$ 2024 Total lunds 2023 Incom• from: Donations and l•gacies Investments 37.803 7.026 37,803 7,026 26,6Q8 2,101 Total Income 44,829 44,829 28,715 Expendltur• on: Charllable acllvrties 50,320 50.320 35.826 Total •xp•ndltuM 50.320 50.320 35,826 Not mov•m•nt In fund8 15,491} 16,491} (T,IllJ R•con¢lllatlon of fund•: Total funds brought forw8rd N•1 movèment in fund8 161,904 ISA911 181,904 16,4911 169,015 (7,111) Tot•1 fvnd¥ carrl•d ft)rw•rd 158,413 156,413 161,904 The Statement of Fln8nclal Aclivkle8 Includ88 all galn8 and105s8s recognlsed in thè year. Tha note8 on pages 7 to 13 form part of tho$? financi818talement8. Page S
THE CHARITABLE FUNO OF RABBI ABRAHAM AND ESTELLE LEW &ALANCE SHEET A3 AT 31 DECEMBER 2024 2024 2023 Cuff•nt ••••t• C••h at b•nk and In hond 156,913 161854 Cr•dhorn: •m¢Jurts fAliry due w#hin one (1,950) N•¢ ¢urt•nt a•••t• 108,413 161.¥7 T¢)t•l n•t a•uth 118,413 Ch•rty fund• Rtrt•d fvnd• Unr••trktsd fund• 106,413 161.901 Totsl fund• 106,41J 161.9 Th• finandal itst•m•nts w•r• •pwov•J and auldI•d lor Imue by t TruBt••• and •ned on th•lr ty. Jullan Tru8t•• Th• n¢%•1 on pty•• 7 to 13 lrym p•rt of thM• fffl•ncld •t•tem•rts. Pag• 6
THE CHARITABLE FUND OF RABBI ABRAHAM AND ESTELLE LEVY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting pollcles 1.1 Basls of pr•paratlon of flnanclal st•t•m•nts The flnanclal stalÈmenls have been prepared in accordance wth the Charities SORP IFRS 1021 Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their accounts in accordance vAth the Fln8ncial Reporting Standard appllcable In the UK and Republic of Ireland IFRS 102) leffeclbve 1 January 20191, the Financial Reporting Standard pplicabl8 In the UK and Republic of Ireland {FRS 1021 and the Chaiib'e$ Act 2011. The financi81 st8lements have been prepared to give o 'true and fair. View and have departed from the Ch8rib"e8 IA¢count6 and Reports) Reguladons 2008 only lo the extent requlred to provide a 'true and fairf view. This departure has involved followng the Charities SORP IFRS 1021 publbshed in October 2019 rather than the Accounting and Reporting by Charities.. Statement ol Recommended Practice effectlve from 1 April 2005 which has since been vlthdrawn. The Charitable Fund of Rabbi Abraham and Eslolle Levy meets the dfrfinition of a public bènefft entity undef FRS 102. Assets and liabilities are initially recognised at historical cost or transaction v8lue unless olheM8e stsled in the relevant accounting policy. 1.2 Incom• All income is recognised once the Charty has enlSUemenl to the income, I Is probable that the Income wll be received and the amount of Income receivable can b• measured reliably. Income lax recoverable relatlon to investmanl inccffle is recognised al th• lime the Inveglment income is Teceivable. 1.3 Exp8ndltur• Expenditure is recognised once Ihere is a legal or construcllve obllgation to transfer economlc benefll lo a third paty, il is prob8ble that a transfer of economic benefit$ will be rgquired In settlement and the amount of the obligation can be measurèd reliably, Expenditure is classified by activrty. The costs of each aclivRy are made up of the lolal of direct eosls and $har&d cos15, includlng support costs involved in undertaking each acliwty. Direct cos1$ attributable to a single acllvity are alloeated direcuy to that activity. Shared costs lch contribute lo more than one 8ctsvty and support costs whlch are not allributable lo a single activity are apportioned betsveen those activitie5 on a b88is consistent with the use of resources. Central staff costs are alloc*od on the basiy of lime spent, and depr?ciallon charges allocated on the portion of the a55et'$ use. Expendlture on charitable actilIeS Is Incurred on diredy undertaklng the 8c15vlties vknich fvrther the Ch8rSty's objective5, as well as any assoclated support Costs. Grants payable are charged in the year vknen the offer is made except In thoge cases where the offer Is conditional, such grants belng recognised as expenditure %•knen the cOnd.0nS atiaching are fulfilled. Grants offered subject to conditions which have not boen mel at the year end are noted a$ a commitment, but not accrue¢J as expenditure. Page 7
THE CHARITABLE FUND OF RABBI ABRAHAM AND ESTELLE LEVY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policles Icontlnuedl 1.4 Int8r•*t rocoivabl• Interest on funds held on dep)sit Is Included when recelvable and the amount can be measured reliably by the Charity., this is nomially upon notification of the interest pgid or payable by the Institution vthom th8 funds are deposited. l.S C••h at bankand In h)nd Cash at bank and in hand indudes cagh and short-lerm highly liquid Investments with a short maturlty of twelve rnonlhs cr I9 from the date of acquisition or opening of the deposit or similar account. 1.6 Ll•bllltlM and provl•lon• Liabilille$ are recogniyed when there is an obligabon al the Balance Sheet date as a result of a past event, it is probable that a transfer of economic b&nefit 11 be requlred In settlement, and the amount ol the settlement can be •8tlmated rellably. LiabS1ilie$ are Mcogni8ed at the amount that the Charlty anllclpates il Vdill pay to settle the debt or the amount It ha8 received as advanced paym8nt8 for the good8 or servlGe8 It must Prov•. Pro910n6 8re measured 81 the best •8timate of the amoun18 required lo settle the obligation. Where thp effect of the time value of money is material, the provision 1$ based on the present value of those amounts, discounted at the pre-tax d18counl rale that reflects the risks specific to the liability. Th• unndIng of the dlscounl18 recognised In the Stslement of Financial Ath'vrti•$ a8 a finance cost. 1.7 Fund accountlng General funds are unre8lrlct8d funds %thich are avallable for use al the discretion of the Truste¢8 in furtherance ol the general objecti$ ol the Chority and vthich have not been designated lor other purposes. Reilricted lunds have now been mer9ed vllh the unrestrfcted funds a5 agreed by the Trustees. Page 8
THE CHARABLE FUMD OF RABBI ABRAHAM AND ESTELLE LEVY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Income from donations and legaci•• Unrnstrfctad fund¥ 2024 Totsl funds 2024 Donafjon$ 37,803 37,803 Unffjstrlcled lunds 2023 rot81 lunds 2023 Donations 26,608 26,608 lTrv••tm•nt Incom• Unmtrlctsd funds 2024 Totsl fund• 2024 Inter•st r•ceivable 7,026 7,020 Unr8stricled lunds 2023 Total nds 2023 Interest receivable 2, 107 2, 107 Page 9
THE CHARITABLE FUND OF RABBI ABRAHAIA AND ESTELLE LEVY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Analys1* of grnnts Grants to Grants to Insutulons Indlvldu•ls 2024 2024 Totsl fund• 2024 Grants, Acllvrt6e8 49,620 49,B20 Grants to Instrfutlons 2023 Grants to IndIdUalS 2023 Tol81 funds 2023 Grants. A¥1¥8& 34, 151 350 34,501 The total amount of £49,82012023 - È34,1511 was donat•d to 1812023- 26} in$titution5 during the year. The general purpose of these grants were for the educallon, advancement and enhancement of Je•h religion. An exemptlon applie8 to the dlsclosure on the grounds of seriou8 preludlce. Page 10
THE CHARITABLE FUND OF RABBI ABRAHAM AND ESTELLE LEVY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Analy818 of expgndlturn by actlvhles Grant fundlng of •ctlvities 2024 Support ¢o¥t¥ 2024 Tot•1 fund8 2024 Grants, Actlvltles Accountoncy 49,820 49,fj2D 500 500 49,820 500 50,320 Gr8nt lundlng ol Support cosl 2023 Tot81 lunds 2023 2023 Grant8, Activi116s Accountancy Religious bookn 34,501 34,501 9T5 350 975 350 34,501 1.325 35,826 Tru•t•es' vemun•r•tlon and •xp•n• Durfng the year, no Trustees received any remuneration or other benefits (2023- £NILJ. Durin9 the year ended 31 December 2024, no Trustee expenses have been Incurred (2023- £NIL). P8ge 11
THE CHARITABLE FUNO OF RABBI ABRAHAM AND ESTELLE LEVY MOTES TO THE FINANCIAL STATEPIENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Crndltors., Amounts falllng du• wlthln ono year 2024 2023 ruals and deferred income 500 1,950 8umm•ry offund• Summ*ry of funds. ¢urr•nt y•ar Balan¢• at 31 O•c•mb•r 2024 Balance at 1 January 2024 Incomo Exp•ndltur• General lunds 161,904 44.829 160,3201 166,413 Summ•ry offund•- prfory••r 88lance at 31 D8C8mbgr 2023 Bal8nce ot f January 2023 Transfers Incom8 ExndkUre General funds Restricted fundg 141,783 27,232 28, 715 (35,826J 27,232 {2T,232) 161,904 169,015 28, 715 (35,826) 161,904 Page 12
THE CHARITABLE FUND OF RABBI ABRAHAM AND ESTELLE LEVY NOTES TO THE FINANCIAL STATEhlENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Anal16 of not ass•ts b•tw•on fundB Analy818 of nèt ass•ts between fund•- current porlod Unrestricted nd¥ 2024 Total fund• 2024 Current 8SS•t1 Cmdltors du• wilhin one year 156,913 15001 166,913 1500) Total 156.413 166.413 Anaty•l• of n•t ••Mts b•tw•on fund•- prlor wrlod UnreslrKted lunds 2023 Total fun(ts 2023 CuTrenl as1• Cre(Illors due wllhln one year 163.854 (1.950) 163,854 (1,9) Tot•1 161,904 161,904 Page 13