CHARITY REGISTRATION NUMBER: 278851
Beer Yaacov Yeshiva Trust
Unaudited Financial Statements
For the year ended 31 December 2022
Beer Yaacov Yeshiva Trust
Financial Statements
Year ended 31 December 2022
| Page | |
|---|---|
| Trustees' annual report | 1 to 2 |
| Independent examiner's report to the trustees | 3 |
| Statement of financial activities | 4 |
| Statement of financial position | 5 |
| Notes to the financial statements | 6 to 8 |
Beer Yaacov Yeshiva Trust
Trustees' Annual Report
Year ended 31 December 2022
The trustees present their report and the unaudited financial statements of the charity for the year ended 31 December 2022.
Reference and administrative details
Registered charity name
Beer Yaacov Yeshiva Trust
Charity registration number 278851 Principal office 56 Sinclair Grove London NW11 9JG 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 S Hoff.
It is the intention of the trustees of the charity to appoint a new trustee.
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 £31,872.
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.
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Beer Yaacov Yeshiva Trust
Trustees' Annual Report (continued)
Year ended 31 December 2022
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.
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:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
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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 trustees 20/11/2023 by:
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Beer Yaaeov Yeshiva Trust Independent Examiner'8 Report to the Trustees of Beer Y2acov Yeshiva Trust Year ended 31 Decemb¢r 2022 I report to the trustees on my examination of th¢ financi statements of Be¢r Yaacov Yeshiva Trust ('the charity,) for ihe year ended 31 Dec¢mber 2022. Responsibilities attd bAsis of report As the trustees of the oharity you are responsible for the preparation of the financial Statements in accordance with the requirements of ihe Charilies Act 2011 ('Ihe Act,). I report in respeel of my examination of the charity's financial statements ell1ed out llnd seclion 145 of the 2011 Act and in carrying out my examinalion I have followed all tlie applicable Directions given by the Charity Commission under s¢ction 145(5)(b) of the Aet. Independent eXMIner'S ststemeD¢ I have completed my examination. l Qonfirni that no material matters have come to my attention in COT]nection with the examination giving me cause to believe that in any material respect.. (l) accounting records were not kept in respect of the charity as required by s¢¢tion130 of the ACL or (2) the financial statements do not accord with thos¢ records. or (3) the financial statements do not oomply with ihe applicable requirements concerning the forni and content of accounts s¢t out in the Charities (Accounts and Reports) RegullOnS 2008 oih¢r Ihan any requirement that the account5 give a'true and fair, view which is not a matter considernd as part of independ¢nt examination. I hav¢ no concerns and hav¢ ¢ome Across no other matters in connection with the examination to which att¢n¢ion should drawn in this report in order to enable a prOr understanding of th¢ accounts to b¢ reached. er8 FCA .ts¢yei)dent Examiner X)}1112023
Beer Yaacov Yeshiva Trust
Statement of Financial Activities
31 December 2022
| 2022 | 2021 | |||
|---|---|---|---|---|
| Unrestricted | ||||
| fundsTotal funds | Total funds | |||
| Note | £ | £ | £ | |
| Income and endowments | ||||
| Donations and legacies | 4 | 31,805 | 31,805 | 34,025 |
| ------------------------------------- | ------------------------------------- | ------------------------------- | ||
| Total income | 31,805 | 31,805 | 34,025 | |
| ===================================== | ===================================== | =============================== | ||
| Expenditure | ||||
| Expenditure on charitable activities | 5,6 | 31,872 | 31,872 | 34,848 |
| ------------------------------------- | ------------------------------------- | ------------------------------- | ||
| Total expenditure | 31,872 | 31,872 | 34,848 | |
| ===================================== | ===================================== | =============================== | ||
| ------------------------------------- | ------------------------------------- | ------------------------------- | ||
| Net expenditure and net movement in funds | (67) | (67) | (823) | |
| ===================================== | ===================================== | =============================== | ||
| Reconciliation of funds | ||||
| Total funds brought forward | 978 | 978 | 1,801 | |
| ------------------------------------- | ------------------------------------- | ------------------------------- | ||
| Total funds carried forward | 911 | 911 | 978 | |
| ===================================== | ===================================== | =============================== |
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.
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Beer Yaacov Yeshiva Trust
Statement of Financial Position
31 December 2022
| 2022 | 2021 | |||
|---|---|---|---|---|
| £ | £ | £ | ||
| Current assets | ||||
| Cash at bank and in hand | 911 | 978 | ||
| ---------------- | -------------------------- | |||
| Net current assets | 911 | 978 | ||
| ------------------------ | -------------------------- | |||
| Total assets less current liabilities | 911 | 978 | ||
| ======================= | ========================== | |||
| Funds of the charity | ||||
| Unrestricted funds | 911 | 978 | ||
| ------------------------ | -------------------------- | |||
| Total charity funds | 10 | 911 | 978 | |
| ======================= | ========================== |
These financial statements were approved by the board of trustees and authorised for issue on …………….………, and are signed on behalf of the board by: 20/11/2023
The notes on pages 6 to 8 form part of these financial statements.
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Beer Yaacov Yeshiva Trust
Notes to the Financial Statements
Year ended 31 December 2022
1. General information
The charity is registered charity in England and Wales and is unincorporated. The address of the principal office is 56 Sinclair Grove, London, NW11 9JG.
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
General unrestricted funds comprise the accumulated surplus or deficit on income and expenditure account. They are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity.
Restricted funds are funds subject to specific restricted conditions imposed by donors.
Designated funds are funds which have been set at the discretion of the Trustees for specific purposes.
There are no restricted or designated funds as at the Balance Sheet date.
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.
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Beer Yaacov Yeshiva Trust
Notes to the Financial Statements (continued)
Year ended 31 December 2022
4. Donations and legacies
| 4. | Donations and legacies | ||||
|---|---|---|---|---|---|
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2022 | Funds | 2021 | ||
| £ | £ | £ | £ | ||
| Donations | |||||
| Receipts | 31,805 | 31,805 | 34,025 | 34,025 | |
| ===================================== | ===================================== | =============================== | =============================== | ||
| 5. | Expenditure on charitable activities | by fund type | |||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2022 | Funds | 2021 | ||
| £ | £ | £ | £ | ||
| Grants to Beer Yaacov Yeshiva | 31,872 | 31,872 | 34,848 | 34,848 | |
| ===================================== | ===================================== | =============================== | =============================== | ||
| 6. | Expenditure on charitable activities | by activity type | |||
| Grant | |||||
| funding of | Total funds | Total fund | |||
| activities | 2022 | 2021 | |||
| £ | £ | £ | |||
| Grants to Beer Yaacov Yeshiva | 31,872 | 31,872 | 34,848 | ||
| ------------------------------------- | ------------------------------------- | ------------------------------- | |||
| 31,872 | 31,872 | 34,848 | |||
| ===================================== | ===================================== | =============================== | |||
| 7. | Analysis of grants | ||||
| 2022 | 2021 | ||||
| £ | £ | ||||
| Grants to institutions | |||||
| Grants to Beer Yaacov Yeshiva | 31,872 | 34,848 | |||
| ------------------------------------- | ------------------------------- | ||||
| Total grants | 31,872 | 34,848 | |||
| ===================================== | =============================== |
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.
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Notes to the Financial Statements (continued)
Beer Yaacov Yeshiva Trust
Year ended 31 December 2022
10. Analysis of charitable funds
Unrestricted funds
| Unrestricted funds | ||||
|---|---|---|---|---|
| At 31 | ||||
| At | 1 January | December | ||
| 2022 | Income | Expenditure | 2022 | |
| £ | £ | £ | £ | |
| General funds | 978 | 31,805 | (31,872) | 911 |
| ========================== | ===================================== | ===================================== | ================ | |
| At 31 | ||||
| At | 1 January | December | ||
| 2021 | Income | Expenditure | 2021 | |
| £ | £ | £ | £ | |
| General funds | 1,801 | 34,025 | (34,848) | 978 |
| ========================== | ===================================== | ===================================== | ================ | |
| Analysis of net assets between funds | ||||
| Unrestricted | Total Funds |
Total Funds | ||
| Funds | 2022 |
2021 | ||
| £ | £ | £ | ||
| Current assets | 911 | 911 |
978 | |
| ================ | ================ | ========================== |
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.
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