DocuSign Envelope ID: 0016D1A5-5097-4C7E-AF34-092624DB668C 

**CHARITY REGISTRATION NUMBER: 278851** 

## **Beer Yaacov Yeshiva Trust** 

**Unaudited Financial Statements** 

**31 December 2021** 



DocuSign Envelope ID: 0016D1A5-5097-4C7E-AF34-092624DB668C 

## **Beer Yaacov Yeshiva Trust** 

## **Financial Statements** 

## **Year ended 31 December 2021** 

||**Page**|
|---|---|
|Trustees' annual report|**1**|
|Independent examiner's report to the trustees|**3**|
|Statement of financial activities|**4**|
|Statement of financial position|**5**|
|Notes to the financial statements|**6**|





DocuSign Envelope ID: 0016D1A5-5097-4C7E-AF34-092624DB668C 

**Beer Yaacov Yeshiva Trust Trustees' Annual Report** 

**Year ended 31 December 2021** 

The trustees present their report and the unaudited financial statements of the charity for the year ended 31 December 2021. 

## **Reference and administrative details** 

**Registered charity name** Beer Yaacov Yeshiva Trust **Charity registration number** 278851 **Principal office** 11 Golders Manor Drive London NW11 9HU **The trustees** J N Schwarz S Hoff 

## **Structure, governance and management** 

The charity was formed on the 22 October 1979 and is an unincorporated charity registered with the Charity Commission (Registration No. 278851). The charity is governed by its Trust Deed. 

The day to day affairs of the charity are administered by the Board of Trustees, the Chair of which is Mr J N Schwarz. 

It is not currently the intention of the trustees of the charity to appoint new trustees. Should the situation change in the future, the trustees will apply suitable recruitment and training procedures. 

## **Objectives and activities** 

The objectives of the charity are the advancement and furtherance of the Jewish religion and Jewish religious education. 

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. 

## **Achievements and performance** 

During the year the charity continued its philanthropic activities overseas. The aggregate of donations made during the year was £34,848. 

## **Financial review** 

The charity is reliant on voluntary income. The charity plans continuing the activities outlined above in the forthcoming years subject to satisfactory incoming resources. 

## **Reserves Policy** 

It is the policy of the charity to maintain unrestricted funds, which are the free reserve of the charity, at a level which the trustees think appropriate after considering the future commitments of the charity and the likely administrative costs of the charity for the next year. 

## **Risk Management** 

The trustees have identified and reviewed the major risks to which the charity is exposed, in particular those related to the operations and finance of the charity and are satisfied that systems are in place to manage those risks. 

**- 1 -** 



DocuSign Envelope ID: 0016D1A5-5097-4C7E-AF34-092624DB668C 

## **Beer Yaacov Yeshiva Trust** 

**Trustees' Annual Report** _**(continued)**_ 

## **Year ended 31 December 2021** 

## **RESPONSIBILITIES OF THE TRUSTEES** 

The charity's trustees are responsible for preparing the Trustees Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). 

The law applicable to charities in England and Wales 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 resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to: 

- select suitable accounting policies and then apply them consistently; 

- observe the methods and principles in the Charities SORP; 

- make judgements and estimates that are reasonable and prudent; 

- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; 

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. 

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011 and the Charity (Accounts and Reports) Regulations 2008. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. 

## **INDEPENDENT EXAMINER** 

D Goldberg FCA has been re-appointed as independent examiner for the ensuing year. 

The trustees' annual report was approved on                     and signed on behalf of the board of 30/10/2022 trustees by: 


S Hoff Trustee 

**- 2 -** 



DocuSign Envelope ID: 0016D1A5-5097-4C7E-AF34-092624DB668C 

## **Beer Yaacov Yeshiva Trust** 

## **Independent Examiner's Report to the Trustees of Beer Yaacov Yeshiva Trust** 

## **Year ended 31 December 2021** 

I report to the trustees on my examination of the financial statements of Beer Yaacov Yeshiva Trust ('the charity') for the year ended 31 December 2021. 

## **Responsibilities and basis of report** 

As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’). 

I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the 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 charity as required by section 130 of the Act; or 

- (2) the financial statements do not accord with those records; or 

(3) the financial statements 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. 


David Goldberg FCA Independent Examiner 

## 30/10/2022 

## ……………………… 

**- 3 -** 



DocuSign Envelope ID: 0016D1A5-5097-4C7E-AF34-092624DB668C 

## **Beer Yaacov Yeshiva Trust** 

## **Statement of Financial Activities** 

## **31 December 2021** 

|||**2021**||2020|
|---|---|---|---|---|
|||Unrestricted|||
|||funds**Total funds**||Total funds|
||**Note**|**£**|**£**|£|
|**Income and endowments**|||||
|Donations and legacies|**4**|34,025|**34,025**|60,538|
|||-------------------------------------|-------------------------------------|-------------------------------|
|**Total income**||34,025|**34,025**|60,538|
|||=====================================|=====================================|===============================|
|**Expenditure**|||||
|Expenditure on charitable activities|**5,6**|34,848|**34,848**|61,741|
|||-------------------------------------|-------------------------------------|-------------------------------|
|**Total expenditure**||34,848|**34,848**|61,741|
|||=====================================|=====================================|===============================|
|||-------------------------------------|-------------------------------------|-------------------------------|
|**Net expenditure and net movement in funds**||(823)|**(823)**|(1,203)|
|||=====================================|=====================================|===============================|
|**Reconciliation of funds**|||||
|Total funds brought forward||1,801|**1,801**|3,004|
|||-------------------------------------|-------------------------------------|-------------------------------|
|**Total funds carried forward**||978|**978**|1,801|
|||=====================================|=====================================|===============================|



The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. 

**The notes on pages 6 to 8 form part of these financial statements.** 

**- 4 -** 



DocuSign Envelope ID: 0016D1A5-5097-4C7E-AF34-092624DB668C 

## **Beer Yaacov Yeshiva Trust** 

## **Statement of Financial Position** 

## **31 December 2021** 

|||**2021**||2020|
|---|---|---|---|---|
|||**£**|**£**|£|
|**Current assets**|||||
|Cash at bank and in hand||**978**||1,801|
|||----------------||--------------------------|
|**Net current assets**|||**978**|1,801|
||||------------------------|--------------------------|
|**Total assets less current liabilities**|||**978**|1,801|
||||=======================|==========================|
|**Funds of the charity**|||||
|Unrestricted funds|||**978**|1,801|
||||------------------------|--------------------------|
|**Total charity funds**|**10**||**978**|1,801|
||||=======================|==========================|



These financial statements were approved by the board of trustees and authorised for issue on 30/10/2022 …………….………, and are signed on behalf of the board by: 

S Hoff Trustee 

**The notes on pages 6 to 8 form part of these financial statements.** 

**- 5 -** 



DocuSign Envelope ID: 0016D1A5-5097-4C7E-AF34-092624DB668C 

## **Beer Yaacov Yeshiva Trust** 

## **Notes to the Financial Statements** 

## **Year ended 31 December 2021** 

## **1. General information** 

The charity is registered charity in England and Wales and is unincorporated. The address of the principal office is 11 Golders Manor Drive, London, NW11 9HU. 

## **2. Statement of compliance** 

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Charities Act 2011. 

## **3. Accounting policies** 

## **Basis of preparation** 

The financial statements have been prepared under the historical cost convention. 

The financial statements are prepared in sterling, which is the functional currency of the entity. 

## **Going concern** 

There are no material uncertainties about the charity's ability to continue. 

## **Judgements and key sources of estimation uncertainty** 

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. 

## **Fund accounting** 

Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. 

Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. 

Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds. 

## **Incoming resources** 

All income is included in the statement of financial activities on receipt. 

## **Resources expended** 

Expenditure is recognised on an accruals basis as a liability is incurred. 

## **Financial instruments** 

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. 

**- 6 -** 



DocuSign Envelope ID: 0016D1A5-5097-4C7E-AF34-092624DB668C 

## **Beer Yaacov Yeshiva Trust** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 31 December 2021** 

## **4. Donations and legacies** 

|**4.**|**Donations and legacies**|||||
|---|---|---|---|---|---|
|||Unrestricted|**Total Funds**|Unrestricted|Total Funds|
|||Funds|**2021**|Funds|2020|
|||£|**£**|£|£|
||**Donations**|||||
||Receipts|34,025|**34,025**|60,538|60,538|
|||=====================================|=====================================|===============================|===============================|
|**5.**|**Expenditure on charitable activities**|**by fund type**||||
|||Unrestricted|**Total Funds**|Unrestricted|Total Funds|
|||Funds|**2021**|Funds|2020|
|||£|**£**|£|£|
||Grants to Beer Yaacov Yeshiva|34,848|**34,848**|61,741|61,741|
|||=====================================|=====================================|===============================|===============================|
|**6.**|**Expenditure on charitable activities**|**by activity type**||||
||||Grant|||
||||funding of|**Total funds**|Total fund|
||||activities|**2021**|2020|
||||£|**£**|£|
||Grants to Beer Yaacov Yeshiva||34,848|**34,848**|61,741|
||Governance costs||-|**-**|-|
||||-------------------------------------|-------------------------------------|-------------------------------|
||||34,848|**34,848**|61,741|
||||=====================================|=====================================|===============================|
|**7.**|**Analysis of grants**|||||
|||||**2021**|2020|
|||||**£**|£|
||**Grants to institutions**|||||
||Grants to Beer Yaacov Yeshiva|||**34,848**|61,741|
|||||-------------------------------------|-------------------------------|
||Total grants|||**34,848**|61,741|
|||||=====================================|===============================|



## **8. Staff costs** 

No salaries or wages have been paid to employees, including the trustees, during the year. 

## **9. Trustee remuneration and expenses** 

The charity did not meet any individual expenses incurred by the Trustees for services provided to the Charity. 

**- 7 -** 



DocuSign Envelope ID: 0016D1A5-5097-4C7E-AF34-092624DB668C 

## **Beer Yaacov Yeshiva Trust** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 31 December 2021** 

## **10. Analysis of charitable funds** 

## **Unrestricted funds** 

|**Unrestricted funds**|||||
|---|---|---|---|---|
||At 1|||**At 31**|
||January|||**December**|
||2021|Income|Expenditure|**2021**|
||£|£|£|**£**|
|General funds|1,801|34,025|(34,848)|**978**|
||==========================|=====================================|=====================================|================|
|**Analysis of net assets between funds**|||||
|||Unrestricted|<br>**Total Funds**|Total Funds|
|||Funds|<br>**2021**|2020|
|||£|**£**|£|
|Current assets||978|<br>**978**|1,801|
|||================|================|==========================|



## **11. Analysis of net assets between funds** 

## **12. Related party transactions** 

There have been no related party transactions in the reporting period that require disclosure. 

**- 8 -**