TSECHENOV INSTITUTIONS TRUST
Financial Accounts Year Ended 5 April 2024
Charity Commission No:291848
CHARITY COMMISSION NUMBER: 291848 REPORT OF THE TRUSTEES OF THE TSECHENOV INSTITUTIONS TRUST
Year ended 5[th] April 2024
SECTION 1 LEGAL AND ADMINISTRATIVE INFORMATION
Trustees Asher Perelman Raphael Perelman Bankers NatWest Bank Plc 174 Clapton Common London E5 9AQ Principal Address 39 Leweston Place London N16 6RJ Governing Document Trust Deed Objects of the Fund THE BENEFIT OF SUCH ONE OR MORE CHARITIES CHARITABLE INSTITUTIONS OR CHARITABLE PURPOSES IN ANY PART OF THE WORLD IN SUCH SHARES AND IN SUCH MANNER AS THE TRUSTEES IN THEIR ABSOLUTE DISCRETION DETERMINE
SECTION 2
ACTIVITIES AND ACHIEVEMENTS
The Trust continued in its main object of sending funds to the Institute in Jerusalem.
Statement of Financial Activities
This is set out on page 3 of the financial statement
Reserves Policy
It is the policy of the Trustees to distribute grants as and when the need arises and thus no provision for future funding is applicable.
Risk Review
The Trustees confirm that there are no major risks to which the Trust is exposed.
This report was approved by the Trustees and signed on their behalf.
10 January 2025
CHAIRMAN
CHARITY COMISSION NUMBER: 291848
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF
THE TSECHENOV INSTITUTIONS TRUST
I report on the accounts of the Trust for the year ended 5[th] April 2024, which are set out on page 3 to 5.
Respective responsibilities of Trustee and Examiner
As the charity’s trustees, you are responsible for the preparation of the accounts; you consider that the audit requirement of section 43(2) of the Charities Act 1993 (the Act) does not apply. It is my responsibility to state, on the basis of procedures specified in the General Directions given by the Charity Commissioners under section 43(7) (b) of the Act, whether particular matters have come to my attention.
Basis of Independent Examiner’s Report
My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you, as trustee, concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.
Independent Examiner’s statement
In connection with my examination, no matter has come to my attention.
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(a) which gives me reasonable cause to believe that, in any material respect, the requirements
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to keep accounting records in accordance with section 41 of the Act; and
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to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Act
have not been met; or
- (b) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
ROTHFELD & CO Accountants Medcar House 149A Stamford Hill London N16 5LL 10 January 2025
THE TSECHENOV INSTITUTIONS TRUST
Statement of Financial Activities
Year ended 5[th] April 2024
| Unrestricted Funds Incoming Resources Donations Received Loans Expenditure Direct Charitable Expenditure (grants) Loans repaid Total Expenditure Net (Outgoing) Incoming Resources |
£ | 2024 £ 106,954 25,000 131,954 80,560 25,000 105,560 26,394 |
2023 £ 68,967 - 68,967 72,165 - 72,165 £( 3,198) |
2023 £ 68,967 - |
2023 | |
|---|---|---|---|---|---|---|
| 68,967 | ||||||
| 72,165 | ||||||
| - | ||||||
| 72,165 |
THE TSECHENOV INSTITUTIONS TRUST
Statement of Assets and Liabilities at 5[th] April 2024
| CURRENT ASSETS Bank Account Represented by: Accumalated Revenue Funds |
Notes (1) |
2024 £ 26,422 26,422 |
2023 £ 28 28 |
|---|---|---|---|
The notes on page 5 form part of these financial statements.
…………………………….Trustee 10 January 2025
The TSECHENOV INSTITUTIONS Trust
Notes to the financial statements
For the year ended 5 April 2024
1. Accounting Policies
1.1. Accounting convention
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’.
1.2. Income
Income is received by way of donations and loans and is included in full in the Statement of Financial Activities when received.
1.3. Expenditure
Liabilities are recognised in the year in which they are incurred,
2. Charitable Activities
| 2024 £ Grants 80,560 Loans repaid 25,000 Total 105,560 3. Accumulated Funds 2024 £ Balance as at 1 April 2023 28 Net Incoming (Outgoing) Resources 26,394 Fund Balance carried forward 26,422 |
2023 £ 72,165 - 72,165 2023 £ 3,226 (3,198) |
|---|---|
28 |