**THE NATHAN VOGEL CHARITABLE TRUST Registered Charity - No. 281789**
## **Financial Statements**
**For the year ended 29 January 2024**
## **THE NATHAN VOGEL CHARITABLE TRUST**
## **Index**
|**Page**|**INDEX**|
|---|---|
|1|Report of the Trustees|
|2|Independent Examiner's Report|
|3|Receipts and Payments Account|
|4|Statement of Assets and Liabilities|
|5|Notes to the accounts|
## **THE NATHAN VOGEL CHARITABLE TRUST**
## **Report of the Trustees**
## **For the year ended 29 January 2024**
The Trustees present their report together with the Financial Statements of the Charity for the year to 29 January 2024.
## **Charity Registration Number: 281789**
## **Principle Address:**
100 Hatton Gardens, London, EC1N 8NX
## **The Trustees who manage the charity are:**
Mr David Vogel Mr Jeffry Vogel Mr Mark Vogel
## **Governing Instrument:**
The Charity is an unincorporated trust governed by a Deed of Trust dated 18th December 1980 (the "Trust Deed").
## **Appointment of Trustees:**
Trustees are recruited and appointed in accordance with provisions set out in the Trust Deed.
## **Aim and objects of the Charity:**
To advance education in and the religion of the orthodox Jewish faith and to provide relief of poverty.
## **Summary of the main activities undertaken for the public benefit:**
In planning the Trust's activities this year, the Trustees had in mind the Charity Commission's guidance on public benefit.
The trustees are in the process of building up an investment portfolio to enable the charity to make donations without reliance on external independent funding.
The trustees are pleased to that the asset position of the charity increased significantly over the period.
## **Trustees' report on the year's activities**
During the year the charity received a one off donation of £200,000. This donation was secured by the trustees for the purpose of improving the charity's finances and to enable the charity to repay borrowings utilised for historical investments that have come to an end. The donation was received from a company connected to the trustees. At the end of the financial period an amount of £5,200 was owed on the historical borrowings.
As a result of the above donation and income in the period the charity's financial position improved from a net asset position of £173,812 at the start of the year to £394,011
The charity's investments in stocks and shares performed well in the period. These short term investments totalling £50,000 were disposed of in the year giving rise to a gain of £16,252.
As at the year end the charity's investments consisted of an investment in a property partnership. This is a long term investment and the trustees await opportunities to realise a gain on disposal of the asset.
The trustees are pleased to report that three grants totalling £4,250 were made during the period.
## **Reserves**
The charity maintains sufficient reserves to meet its ongoing costs and grant making commitments.
Approved onbehalf of the trustees on:30th January 2025
Mark. Vogel
**Page: 1**
## **THE NATHAN VOGEL CHARITABLE TRUST**
## **Independent examiner's report to the trustees of The Nathan Vogel Charitable Trust**
## **For the year ended 29 January 2024**
I report to the trustees on my examination of the accounts of the Nathan Vogel Charitable Trust (registration no: 281789) for the year ended 29 January 2024.
## **Responsibilities and basis of report**
As the charity's trustees, 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 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 which gives me cause to believe that in, any material respect:
- the accounting records were not kept in accordance with section 130 of the Charities Act; or
- the accounts did not accord with the accounting records; or
- the accounts did 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 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.
Malcolm Venitt A.C.A.
The Institute of Chartered Accountants in England and Wales Venitt and Greaves Chartered Accountants 115 Craven Park Road South Tottenham London N15 6BL
28 January 2025 Date:
**Page: 2**
## **THE NATHAN VOGEL CHARITABLE TRUST**
## **Receipts and Payments Account**
## **For the year ended 29 January 2024**
|**Notes**
**Receipts**
Donations
Bank interest
**Total Income**
**Other Receipts**
Repayment of investment loans
Disposal of investments - Stocks and securities
(2)
**Total Receipts**
**Payments relating to charitable activities**
Grants made
Bank charges
**Other payments**
Advances of investment loans
Repayment of loans
Management of investments - property
**Total Payments**
**Net movement of cash funds**
Cash funds brought forward
Cash funds carried forward|**Year to**
**29 January 2024**
**£**
204,550
3,122|**Year to**
**29 January 2023**
**£**
1,000
-|
|---|---|---|
||**207,672**|**1,000**|
||5,400
66,252|300,000
-|
||**279,324**|**301,000**|
||4,250
15|-
-|
||4,265
5,400
200,000
660|-
-
-
825|
||**210,325**|**825**|
||**68,999**
300,257|**300,175**
82|
||**369,256**|**300,257**|
**Page: 3**
## **THE NATHAN VOGEL CHARITABLE TRUST**
## **Statement of Assets and Liabilities**
## **as at 29 January 2024**
|**Note**
**Cash Funds**
Barclays Bank Plc
Skipton Building Society
**Other monetary assets**
Loan advances
**Investment Assets**
Fixed Asset Investments - Stocks and shares
(2)
Investments in property partnership
(3)
**Liabilities**
Loans received
Professional fees|**Total**
**2024**
**£**
134
369,122
369,256
-
-
31,155
31,155
5,200
1,200
6,400|**Total**
**2023**
**£**
300,257
-|
|---|---|---|
|||300,257|
|||1,000|
|||50,000
31,155|
|||81,155|
|||206,200
2,400|
|||208,600|
Approved by the Trustees on 30th January 2025 and signed on its behalf by:
............................................
**Mr Mark Vogel**
**Page: 4**
## **THE NATHAN VOGEL CHARITABLE TRUST**
## **Notes to the Financial Statements**
## **For the year ended 29 January 2024**
- (1) **Accounting Policies**
## _**(a) Basis of Accounting**_
The Trustees have elected to prepare accounts on the receipts and payments basis as provided by Section 133 of the Charities Act 2011. The accounts are prepared in accordance with guidance issued by the Charity Commission (CC16 – receipts and payments accounts).
|(2)
**Investments - Stocks and shares**
**At Historic Cost**
Investments b/fwd - Cost
Purchases
Disposal at cost
**Closing Cost**
Proceeds
Less: cost of investments sold
**Gain on disposal**
(4)
**Investments - Property**
Investments b/fwd - Cost
Additions
Disposal
Closing Cost|**2024**
**£**
50,000
-
(50,000)
-
66,252
(50,000)
16,252
**2024**
**£**
31,155
-
-
31,155|**2023**
**£**
-
50,000
-|
|---|---|---|
|||50,000|
|||-
-|
|||-|
|||**2023**
**£**
31,155
-
-|
|||31,155|
**Page: 5**