2023-03-31-accounts

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REGISTERED CHARITY NUMBER: 298814 Report of the Trustees and Flnanclal Statements For The Year Ended 31 March 2023 for The Frfends of the Yeshivat Har Etslon Trust

The Friends of the Yeshlvat Har Elzion Trust Contents of the FlnanGlal Stat•monts for the Year Ended 31 March 2023 Page Report of the Trustees Statement of Financial Activtlies Balance Sheet 4t05 Statement of Cashflows Notes to the Financial Ststements 7t09 Detailed Statement of Financial Activities 10

The Frlends of the Yeshivat Har Etzion Trust Report of th• TnMtso8 for the Year Ended 31 March 2023 The trustees of the charity present their report *ith the unaudiied financial statements of the charity for the year ended 31 March 2023. The financial statements compty wtth the Charities Act 2011 and Accounting and Reporting by Charle$. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Finanual Rewrting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015). Reglstered Charlty number 298814 Registered office 25 Broughton Avenue Finchley. London N3 3ES Trustees Rabbi D Roselaar S Ebert STRUCTURE, GOVERNANCE AND MANAGEMENT Govemlng document The charity is controlled by ts goveming dMent, a deed of trust. dated 22 February 1988. Rlsk management The trustees have a duty to identify and review the risks to which the charity is exposed and lo ensure appropriate controls are in place to provide aSonable assurance against fraud and error. The Board is satisfied that such controls are in Pla and that all risks are reviewed in the course of regular Board meetings. OBJECTIVES AND ACTivmES Objectlves and alms The main object of the charity is the furtherance and prom(Aion ofthe Jewish religion and Jewish religious education. ACHIEVEMEKfs AND PERFORMANCE Charitable activities The trustees consider that the performance of the charity in the year has been satisfaciory. Donations received in the y8ar amounted to £133,132 (2022: £111,458). The Statement of Finanal Activiiies shows incoming resources for the year of £37,207 due to the charity's donation exceeding the grants of£95,000 {2022: £100.000) during th8 year. The total reserves were £137.319 (2022: £100,112) at the balance sheet date. This rèport was approved by the trustees on3cNovernber 2023 and sign&J on their b8haff S Ebert- Trustee

The Frlends of the Yeshlvat Har Elzlon Trust 8tatsment of Flnanclal Actlvltles for the Yoar Ended 31 March 2023 2023 Unr•8trlGted Unrestricted Fund• Funds 2022 Noto8 INCOMING RESOURCES Incoming resourc9$ from gonoratod funds Voluntsry income Totsl incoming resources 133 132 111458 133,132 111,458 RESOURCES EXPENDED Charltable actlvltles Operating exp8nses Total charltablo actlvltlo• 100,925 (95,925) (100,925) Total r•sourcas •xpond•d {95,92S) (100,9251 NET INCOMINGIIOUTGOING) RESOURCES 37,207 10,533 RECONCILIATION OF FUNDS Total fund¥ brought forward 100,112 89,759 TOTAL FUNDS CARRIED FORWARD 137 319 100112

The Frlends of the Yoshlvat Har Etzlon Trust Balanc• Sheet At 31 March 2023 2023 2022 Notes CURRENT ASSErs Cash at bank 138 219 101.012 138,219 101.012 CREDITORS Amounts falling due viithin one year (900) (900) NET CURRENT ASSErs 137,319 11x1,112 TOTAL ASSETS LESS CURRENT UABILMES 137.319 100,112 NET ASSErs 137.319 100,112 FUNDS General fund 137.319 100.112 Total Unreslricted Funds 137.319 100,112 TOTAL FUNDS 137.319 100,112

The Frfends of the Yoshivat Har Etzlon Trust Balan¢0 Sh•et- contlnued At 31 March 2023 The charity is entilled to exemption from audit in accordance with the Charitie$ Act. The trustees acknowledge their responsibillties in accordance with the ch8rits.es Act for (a) ensuring that th9 charity keeps proper accounting records (b) preparing financial slatements which give a true and fair view of the state of affairs of the charity The financial ststements were approved by the Board of Trustees on November 2023 and w8re signed on its behaw by.. S Ebert-Trustee

The Frlends of the Y8shivat Har Etzlon Trust Statement of Cashflows for the Yoar Ended 31 March 2023 2023 2022 Notes Cash génerated by oporatlng actlvltlo• 37,207 10,533 Increase In eash and ¢a8h equlvalents In tho y•ar 37,207 10,533 Cash and cash gqulvalonts at tho beglnnlng of the year 101,012 94,479 Cash and cash equlvalenl• at th• •nd of tho y•ar 138,219 101.012

The Frfends ot the Yeshlvat Har Etzlon Trust Nots$ to the Financlal Statements for the Yoar Ended 31 March 2023 1. ACCOUNTING POLICIES The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows= Basis of preparatlon The financial statements have been prepared in accordance with 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 IFRS 1021 (effective 1 January 2015) - (Charities SORP IFRS 102)) and the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102). Reconclllallon with previous Generally Accepted Accounting Practice In preparing the accounts, the Trustees have considered whether in applying the accounling policies required by FRS 102 and the Charitl8s SORP FRS 102 lh8 r8slatement of comparative items was required. Following a review, it was deemed that no restalements were required. Preparatlon of accounts on a golng Concern basis The Trustees reported al a surplus for Ihe year of £37,207 and a cash infiow of £37,207. Reserves at the balance sheet date total £137,319. The Trustees have reviewed the immediate fLrture income and expenses, laking into account the changing financial and geo-political climate, including any further impact from the changing economic impact from the various global conflicts, and thi5 analysis, together with the reserves, provides the basis that the Chartty is a going concem for the next 12-18 months. Incoming resources All incoming resources are induded on the Statement of Financial Activities when the charity is18gally entitled to the income and the amount can be quantified wsth reasonable accuracy. Resources expended Expenditure is accounted for on an accruals basis and has been classified under headings Ihat agggate all cost related to the category. whe costs cannot be directly attributed to particular headings they have been allocated to activilies on a basis consistent with the use of resources. Fund accounllng Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted fijnds can only be used for particular restricled purposes within the obje¢ts of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricled purposes. Furth8r explanation of the nature and purpose of each fund is included in th8 notes to the financlal statements. Debtors Trade and other d8btors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount pr8paid n8t of any trade diswunts due. Cash at bank and in hand Cash at bank and cash in hand indudes Cash and short tenn highly liqui¢J investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

The Frlends of the Yeshlvat Har Etzlon Trust Notes to the Flnanclal Statements - contlnued for Ihe Year Ended 31 March 2023 1. ACCOUNTING POLICIES (cont.) Crndilors and provlslons Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that w511 probably result in the transfer of funds to a third paty and the amount due lo settle the obligation can be measured or estimated reliably. Creditors and provisions are nomially recognised at their Settlement amount after allowing for any trade discounts due. Flnanelal Instrumonts The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequenlty measured at their settlement value with the exception of bank loans which are subsequently m8asur8d at amortis8d cost using the 8ff8Ctive interest method. 2. NEf INCOMING RESOURCES Net resources are staled after charging: 2023 2022 Govemanc8 costs Is8e not8 3) 900 900 900 3. Governance costs 2023 2022 Accountancy fees 900 900 900 900 4. TRUSTEES. REMUNERATION AND BENEFITS There were no trustees, remuneration or other beneffts for the year ended 31 March 2023 nor for the year ended 31 March 2022. Trustees. Expenses There were no trustees. expenses paid for the year 8nded 31 March 2023 nor for the year ended 31 March 2022.

The Frfends of the Yeshivat Har Etzlon Trust Notes to the Flnanclal Statements - contlnued for thè Year Ended 31 March 2023 5. CREDITORS: AMOUNTS FALUNG DUE WITHIN ONE YEAR 2023 2022 Accruals and deferred income 900 6. MOVEMENT IN FUNDS At Net 01.04.22 movement in funds At 31.03.23 Unrestricted funds General fund 100,112 37,207 137,319 TOTAL FUNDS 100,112 37,207 137.219 Net movement in funds, included in the above are 88 follows.. Incoming Rosources Fund Expended Transfers resources Net Movement In funds Unrestrlcted funds General fund 133,132 (95,925) 37,207 TOTAL FUNDS 133,132 (95,925) 37,207 7. RECONCILIATION OF NET MOVEMENT IN FUNDS TO NET CASH FLOW FROM OPERATING ACTIVITIES 2023 2022 Net movement in funds Increase in creditors Not Cash generated in operating activities 37,207 10,533 37,207 10.533 Thv rK)te&fom) p8rtoflh888 finarKial stst8ments

The Frfends of tho Yoshlvat Har Etzlon Trust Detailed Statement of Flnanclal Acllvltlos for the Year Ended 31 March 2023 2023 2022 INCOMING RESOURCES Voluntary Income Donations 133,132 133.132 111.458 111,458 Total Incoming resources RESOURCES EXPENDED Charftabl• actlvltlos Flnance charges Governance Grants and donation8 23 900 95,000 55 100,000 Total charltabl• 4dlvltl•8 (95,925) 1100,925) NET INCOMING RESOURCES 37,207 10,533 Th1$ po9• dogs not lo part ol th? statytory financial 8tat8mentS 10

REGISTERED CHARITY NUMBER: 298814 Report of the Trustees and Flnanclal Statements For The Year Ended 31 March 2023 for The Frfends of the Yeshivat Har Etslon Trust

Kenwood House, 77a Shenley Road, Borehamwood, Hertfordshire, WD6 1AG T: 020 3817 7720

www.shelleycapitalmanagement.com

The Trustees

The Friends of Yeshivat Har Etzion Trust 25 Broughton Avenue Finchley, London N3 3ES

24[th] November 2023

Dear Sirs,

I report to the Trustees on my examination of the accounts of The Friends of Yeshivat Har Etzion Trust (“The Trust”) for the year ended 31 March 2023.

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.

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.

Yours faithfully,

Kenwood House, 77a Shenley Road, Borehamwood, Hertfordshire, WD6 1AG T: 020 3817 7720

Jonathan Shelley Partner Shelley Capital Management LLP