Charity registration number 294801 (England and Wales)
FRIENDS OF YAD SARAH
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
FRIENDS OF YAD SARAH
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees Mr A M Caplin (Chairman) Mr S D Kibel FCA Mr S D Pearlman M A Marks Charity number 294801 Principal address Harcourt House 341 Regents Park Road London N3 1DP Independent examiner Berish Hoffman FCA 325-327 Oldfield Lane North Greenford Middlesex UB6 0FX
FRIENDS OF YAD SARAH
CONTENTS
| Page | |
|---|---|
| Trustees report | 1 - 2 |
| Independent examiner's report | 3 |
| Statement of financial activities | 4 |
| Balance sheet | 5 |
| Notes to the financial statements | 6 - 10 |
FRIENDS OF YAD SARAH
TRUSTEES REPORT
FOR THE YEAR ENDED 30 JUNE 2025
The trustees present their annual report and financial statements for the year ended 30 June 2025.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's Trust Deed dated 6 November 1985, the Charities Act 2011 and "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)".
Objectives and activities
The Charity was established to raise funds for Yad Sarah, a charitable organisation in Israel, which lends medical and rehabilitative equipment free of charge to needy persons, as well as providing a variety of homeware support services.
The charity has paid due regard to guidance issued by the Charity Commission in deciding what activities it should undertake.
Public benefit
The Trustees have paid due regard to the public benefit guidance issued by the Charity Comission in deciding the allocation of funds.
Achievements and performance
The Charity received donations totalling £418,558 (2024 - £599,347) during the period and made grants to Yad Sarah in Israel aggregating £231,197 (2024 - £428,406).
The unrestricted fund surplus for the year was £14,072 (2024: deficit £12,660).
During the year, in addition to its general fundraising activities of mailshots and direct approach to donors, the Charity held a number of fundraising events, including musical evenings, events with sporting personalities, as well as some smaller events.
Financial review
The financial results of the charity's activities for the year are fully reflected in the attached financial statements together with the notes therein.
Risk Management
The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
Reserves Policy
Funds are remitted to Yad Sarah on a regular basis and as soon as practicable.
The total funds and free reserves held at the year end was £45,218 (2024: £31,146)
At the time of approving the financial statements, the Trustees have a reasonable expectation that the Charity has adequate resources to support the current level of expenditure and to continue in operational existence for the foreseeable future.
Plans for future periods
The Trustees are working to enhance public knowledge of the charity and to increase fund raising. In addition to the regular general mail appeals, specific targeted appeals have been made.
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FRIENDS OF YAD SARAH
TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025
Structure, governance and management
The Charity is governed by a Deed dated 6th November 1985.
The Trustees administer the day-to-day affairs of the charity. None of the Trustees has any beneficial interest in the charity.
The current Trustees are continually looking to add to and strengthen the Trustee base and in this event, the Trustees will apply suitable recruitment training and induction procedures.
The trustees who served during the year and up to the date of signature of the financial statements were: Mr A M Caplin (Chairman)
Mr S D Kibel FCA Mr S D Pearlman M A Marks
Statement of trustees responsibilities
The trustees are responsible for preparing the Trustees Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The trustees report was approved by the Board of Trustees.
Mr S D Kibel FCA
Trustee
24 April 2026
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FRIENDS OF YAD SARAH
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF FRIENDS OF YAD SARAH
I report to the trustees on my examination of the financial statements of Friends of Yad Sarah (the charity) for the year ended 30 June 2025.
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.
I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.
Independent examiner's statement
Since the charity’s gross income exceeded £250,000, the independent examiner must be a member of a body listed in section 145 of the Charities Act 2011. I confirm that I am qualified to undertake the examination because I am a member of ICAEW, which is one of the listed bodies.
Your attention is drawn to the fact that the charity has prepared the financial statements in accordance with the relevant version of the Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn. I understand that this has been done in order for the financial statements to provide a true and fair view in accordance with UK Generally Accepted Accounting Practice.
I have completed my examination. I confirm that no 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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1 accounting records were not kept in respect of the charity as required by section 130 of the Charities Act 2011.
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2 the financial statements do not accord with those records; or
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3 the financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements 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 financial statements to be reached.
Berish Hoffman FCA
325-327 Oldfield Lane North Greenford Middlesex UB6 0FX 24 April 2026
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FRIENDS OF YAD SARAH
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 30 JUNE 2025
| Unrestricted | Unrestricted | ||
|---|---|---|---|
| funds | funds | ||
| 2025 | 2024 | ||
| Notes | £ | £ | |
| Income from: | |||
| Donations and legacies | 3 | 418,558 | 599,347 |
| Total income | 418,558 | 599,347 | |
| Expenditure on: | |||
| Raising funds | 4 | 168,598 | 179,511 |
| Charitable activities | 5 | 235,888 | 432,496 |
| Total expenditure | 404,486 | 612,007 | |
| Net income/(expenditure) and movement in funds | 14,072 | (12,660) | |
| Reconciliation of funds: | |||
| Fund balances at 1 July 2024 | 31,146 | 43,806 | |
| Fund balances at 30 June 2025 | 45,218 | 31,146 |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
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FRIENDS OF YAD SARAH
BALANCE SHEET
AS AT 30 JUNE 2025
| Notes Current assets Debtors 12 Cash at bank and in hand Creditors: amounts falling due within one year 13 Net current assets The funds of the charity Unrestricted funds 14 |
2025 £ 7,338 39,380 46,718 (1,500) |
£ 45,218 45,218 45,218 |
2024 £ 7,330 25,303 32,633 (1,487) |
£ 31,146 |
|---|---|---|---|---|
| 31,146 | ||||
| 31,146 |
The financial statements were approved by the trustees on 24 April 2026
Mr S D Kibel FCA Trustee
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FRIENDS OF YAD SARAH
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
1 Accounting policies
Charity information
Friends of Yad Sarah is a registered charity in England and Wales and is unincorporated. The address of the principal office is Harcourt House, 341 Regents Park Road, London, N3 1DP.
1.1 Accounting convention
The financial statements have been prepared in accordance with the charity's governing document, the Charities Act 2011 and “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)” (as amended for accounting periods commencing from 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
1.2 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the charity's charitable objectives unless the funds have been designated for other purposes.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
1.3 Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
1.4 Expenditure
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates.
Expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods. Expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries.
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FRIENDS OF YAD SARAH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025
1 Accounting policies
(Continued)
1.5 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
2 Critical accounting estimates and judgements
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
3 Income from donations and legacies
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2025 | 2024 | |
| £ | £ | |
| Donations and gifts | 418,558 | 599,347 |
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FRIENDS OF YAD SARAH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
4 Raising funds
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2025 | 2024 | |
| £ | £ | |
| Fundraising and publicity | 168,598 | 179,511 |
| Expenditure on charitable activities | ||
| Unrestricted | Unrestricted | |
| funds | funds | |
| 2025 | 2024 | |
| £ | £ | |
| Direct costs | ||
| Grant funding of activities (see note 6) | 231,197 | 428,406 |
| Share of support and governance costs (see note 7) | ||
| Support | 3,178 | 2,502 |
| Governance | 1,513 | 1,588 |
| 235,888 | 432,496 | |
| Analysis by fund | ||
| Unrestricted funds | 235,888 | 432,496 |
5 Expenditure on charitable activities
6 Grants payable
Grant made to Yad Sarah, Israel, support the provision of medical and rehabilitative equipment. No other grants or donations were made to institutions or individuals during the year.
7 Support costs allocated to activities
| Bank charges Insurance Printing, postage and stationery Travel Sundry expenses Governance costs Analysed between: Unrestricted funds |
2025 £ 415 489 1,257 1,017 - 1,513 4,691 4,691 |
2024 £ 634 466 761 200 440 1,589 |
|---|---|---|
| 4,090 | ||
| 4,090 |
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FRIENDS OF YAD SARAH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025
| 8 | Net movement in funds | 2025 | 2024 |
|---|---|---|---|
| £ | £ | ||
| The net movement in funds is stated after charging/(crediting): | |||
| Fees payable for the independent examination of the charity's financial | |||
| statements | 1,513 | 1,589 |
9 Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
10 Employees
The average monthly number of employees during the year was:
| The average monthly number of employees during the year was: | ||
|---|---|---|
| 2025 | 2024 | |
| Number | Number | |
| Total | - | - |
| There were no employees whose annual remuneration was more than £60,000. |
11 Taxation
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
12 Debtors
| Amounts falling due within one year: Prepayments and accrued income 13 Creditors: amounts falling due within one year Accruals and deferred income |
2025 £ 7,338 2025 £ 1,500 |
2024 £ 7,330 |
|---|---|---|
| 2024 £ 1,487 |
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FRIENDS OF YAD SARAH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025
14 Unrestricted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used.
| At 1 July 2024 Incoming resources Resources expended At £ £ £ General funds 31,146 418,558 (404,486) Previous year: At 1 July 2023 Incoming resources Resources expended At £ £ £ General funds 43,806 599,347 (612,007) |
30 June 2025 £ 45,218 30 June 2024 £ 31,146 |
|---|---|
15 Related party transactions
During the year, the charity received donations totalling £4,825 (2024:£6,270) from the trustees.
The donation was made voluntarily, without conditions, and was treated as unrestricted income.
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