REGISTERED CHARITY NUMBER: 286986
BRITISH FRIENDS OF THE CHAZON ISH INSTITUTIONS
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Sugarwhite Meyer Accountants Ltd First Floor 94 Stamford Hill London N16 6XS
BRITISH FRIENDS OF THE CHAZON ISH INSTITUTIONS
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
| Page | ||
|---|---|---|
| Reference and Administrative Details | 1 | |
| Report of the Trustees | 2 to | 3 |
| Independent Examiner's Report | 4 | |
| Statement of Financial Activities | 5 | |
| Statement of Financial Position | 6 | |
| Notes to the Financial Statements | 7 to | 10 |
BRITISH FRIENDS OF THE CHAZON ISH INSTITUTIONS
REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 DECEMBER 2024
TRUSTEES
D Lobenstein A Barnett (deceased 24.2.24) A Lobenstein (appointed 11.3.24) A Y Melinek (appointed 11.3.24)
PRINCIPAL ADDRESS
93 Fairholt Road London N16 5EP
REGISTERED CHARITY 286986 NUMBER
INDEPENDENT EXAMINER
Sugarwhite Meyer Accountants Ltd First Floor 94 Stamford Hill London N16 6XS
Page 1
BRITISH FRIENDS OF THE CHAZON ISH INSTITUTIONS
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024
The trustees present their report with the financial statements of the charity for the year ended 31 December 2024. 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
Objectives and aims
The objects of the charity are to assist an organisation in Israel whose purpose is to promote the Orthodox Jewish religion and Orthodox Jewish religious education.
The charity raises funds in the UK to be primarily, but not exclusively, to support Chazon Ish Institutions in Israel.
Public benefit
The trustees confirm that they have given due regard the Charity Commission's guidance on public benefit when reviewing the charity's aims and objectives and in planning its future activities.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
The trustees are satisfied with the results for the year. There was a drop in income even so the trustees were able to increase grantmaking using reserves held.
FINANCIAL REVIEW
Reserves policy
The trustees do not seek to maintain reserves, other than to ensure that they can continue the activities of the charity. Reserves at the year end were £651 (2023 - £101,418).
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 is governed by a Declaration of Trust dated 21st April 1983.
Organisational structure
The day-to-day affairs of the company are administered by the trustees. The trustees meet regularly in order to discuss and control its activities. All trustees act on a voluntary basis and receive no remuneration or re-imbursement for expenses incurred by them in the execution of their duties.The power to appoint new trustees is vested in the continuing board.
Induction and training of new trustees
New trustees are appointed based on personal competence, specialist skills and experience. They are inducted into the working of the charity by the current board and are given, in the view of the board, sufficient training to understand the nature of the charity and its working. They are also encouraged to read the Charity Commission's various publications on trustees.
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.
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BRITISH FRIENDS OF THE CHAZON ISH INSTITUTIONS
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024
STATEMENT OF TRUSTEES' RESPONSIBILITIES
The trustees are responsible for preparing the Report of the Trustees 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, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed 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, including the income and expenditure, of the charity for that period. In preparing those 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 Charity SORP;
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make judgements and estimates that are reasonable and prudent;
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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 business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They 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.
Approved by order of the board of trustees on 23 October 2025 and signed on its behalf by:
D Lobenstein - Trustee
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BRITISH FRIENDS OF THE CHAZON ISH INSTITUTIONS
Independent examiner's report to the trustees of British Friends of the Chazon Ish Institutions
I report to the charity trustees on my examination of the accounts of British Friends of the Chazon Ish Institutions (the Trust) for the year ended 31 December 2024.
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:
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accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
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the accounts do not accord with those records; or
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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 Accountants Ltd First Floor 94 Stamford Hill London N16 6XS
23 October 2025
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BRITISH FRIENDS OF THE CHAZON ISH INSTITUTIONS
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024
| 2024 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 75,863 EXPENDITURE ON Charitable activities 2 Grantmaking 174,800 Support 1,830 Total 176,630 NET INCOME/(EXPENDITURE) (100,767) RECONCILIATION OF FUNDS Total funds brought forward 101,418 TOTAL FUNDS CARRIED FORWARD 651 |
2023 Total funds £ 204,121 |
|---|---|
| 107,500 805 |
|
| 108,305 | |
| 95,816 5,602 |
|
| 101,418 |
The notes form part of these financial statements
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BRITISH FRIENDS OF THE CHAZON ISH INSTITUTIONS
STATEMENT OF FINANCIAL POSITION 31 DECEMBER 2024
| Notes CURRENT ASSETS Cash at bank CREDITORS Amounts falling due within one year 7 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 8 Unrestricted funds TOTAL FUNDS |
2024 Total funds £ 1,551 (900) 651 651 651 651 651 |
2023 Total funds £ 102,198 (780) 101,418 101,418 101,418 101,418 101,418 |
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 23 October 2025 and were signed on its behalf by:
D Lobenstein - Trustee
The notes form part of these financial statements
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BRITISH FRIENDS OF THE CHAZON ISH INSTITUTIONS
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
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.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
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
There are no material uncertainties about the charity's ability to continue.
2. CHARITABLE ACTIVITIES COSTS
| Grantmaking Support |
Grant funding of activities (see note 3) £ 174,800 - 174,800 |
Support costs (see note 4) £ - 1,830 1,830 |
Totals £ 174,800 1,830 |
|---|---|---|---|
| 176,630 |
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BRITISH FRIENDS OF THE CHAZON ISH INSTITUTIONS
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024
3. GRANTS PAYABLE
| 2024 £ Grantmaking 174,800 The total grants paid to institutions during the year was as follows: 2024 £ Advancement of education 174,800 All grants were paid to Kolel Chazon Ish. 4. SUPPORT COSTS Governance Finance Other costs £ £ £ Support 25 725 1,080 Support costs, included in the above, are as follows: Finance 2024 Support £ Bank charges 25 Other 2024 Support £ Sundries 725 Governance costs 2024 Support £ Independent examiner's fee 420 Independent examiner's other fees 480 General expenses 180 1,080 |
2023 £ 107,500 2023 £ 107,500 Totals £ 1,830 2023 Total activities £ 25 2023 Total activities £ - 2023 Total activities £ 390 390 - 780 |
|---|---|
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BRITISH FRIENDS OF THE CHAZON ISH INSTITUTIONS
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2024 nor for the year ended 31 December 2023.
6. STAFF COSTS
The average number of staff in the year was Nil (2022 - Nil).
7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
8.
| Other creditors MOVEMENT IN FUNDS Unrestricted funds General fund TOTAL FUNDS Net movement in funds, included in the above are as follows: Unrestricted funds General fund TOTAL FUNDS |
At 1.1.24 £ 101,418 101,418 Incoming resources £ 75,863 75,863 |
2024 2023 £ £ 900 780 Net movement At in funds 31.12.24 £ £ (100,767) 651 (100,767) 651 Resources Movement expended in funds £ £ (176,630) (100,767) (176,630) (100,767) |
|---|---|---|
Comparatives for movement in funds
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.1.23 | in funds | 31.12.23 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 5,602 | 95,816 | 101,418 |
| TOTAL FUNDS | 5,602 | 95,816 | 101,418 |
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BRITISH FRIENDS OF THE CHAZON ISH INSTITUTIONS
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024
8. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 204,121 204,121 |
Resources Movement expended in funds £ £ (108,305) 95,816 (108,305) 95,816 |
|---|---|---|
9. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2024.
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