2024-03-31-accounts

REGISTERED CHARITY NUMBER- 298814 Report of the Trustees and Financial Statements For The Year Ended 31 March 2024 for The Friends of the Yeshivat Har Etzion Trust

The Friends of the Ye$hivat Har Etzlon Trust Contents of the Financial sL￿eMents for the Yoar Ended 31 Mar¢h 2024 Page Report of the Trustee5 Statement of Financial A¢tivities Balance Sheet 4t05 Statement of Cashflows Notes to the Financial Slatemenls 7t09 Detailed St8temenl of Finanaal Activities 10

The Friends of the Yeshlvat Har Etzlon Trust R8port of tho Trustees for the Year Ended 31 March 2024 The trustees of the charity present th￿r rewrt with the unaudited financial statements of the charity for the year ended 31 March 2024. The finanryal statements comply with the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Reojmmended Practice applicable to charities preparing their accounts in accordance wth the Financial Retx)rting Stsndard applicable in the UK and Republi¢ of Ireland (FRS 102) (effective 1 January 2015). Registerfjd Charlty number 298814 Registsred offlce 25 Broughton Avenue Finchley, London N3 3ES Trustegs Rabbi D Roselaar S Ebert STRUCTURE. GOVERNANCE AND MANAGEMENT Goveming docurnent The charity is controlled by its g)veming documen( a deed of trus( dated 22 February 1988. Risk management The trustees have a duty to ￿entify and review the risks to which the chanty is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. The Board is satisfied that such control$ are in place and that all risks are reviewed in the course of regular Board meetings. 0￿ECTIVEs AND ACTivrriES Objectlvos and alms The main object of the charity is furtherance and profflotM￿ of the Jewsh religion and Jewish religious educallon. ACHIEVEMENTS AND PERFORIAANCE Charltsble actlvltles The truslees consider that the perf￿rnan(￿ of the charlty in the year has been satisfadory. t)onations received in the year amounted lo £53.52412023'. £133,132). The Statement of Financial Activities shows outgoing resources for the year of £47,863 due to the tharity's donations not exceeding the grants of £100.000 (2023: £95.000) during the year. The total Trgeives were £89.456 12023: £137,319) at the balants sheet date. This rewrt was approvgj by the trustees on'.3January 2025 and signed ijn their behalf S Ebert- Trusteè

The Frfend8 of Ihe Yeshivat Har Etzlon T￿￿t Statament of Fln•Trcial Activitie• for the Year Ended 31 IAarch 2024 2024 2023 Unr••tricted Unrestricted Funds Funds INCOMING RESOURCES Incomlng rosource$ from gfrnfjrated funds Voluntary income Total incomlng resources 133 132 53,524 133,132 RESOURCES EXPENDED Charltsbl• actlvltl•s Operating expenses Total ¢harltabl• actlvltlos (101,387) (95.9251 Tolal r••ourc•• •xpond•d (101,387) 195.9251 NET (OUTGOINGYINCOMING RESOURCES 147,863) 37,207 RECONCILIATION OF FUNDS Total fund• brought t0￿rd 137,319 100.112 TOTAL FUNDS CARRIED FORWARD 137319

The Frlends of the Yeshlvat Har Etzion Trust Balance Sh•ot At 31 March 2024 2024 2023 CURRENT ASSErs Gash at bank 90 356 138219 90,356 138.219 CREDrroRS Amounts falling due within one year (900) {￿)0) NET CURRENT ASSET8 89.456 137,319 TOTAL ASSETS LESS CURRENT UABIUTIES 89,456 137,319 NET ASSETS 89,456 137,319 FUNDS General fund 89 456 137 319 Total Unr8Strict•J Funds 89,456 137.319 TOTAL FUNDS 89,456 137,319

The Frfends of the Yeshlvat Har Etzion Trust Balance Sheet - contlnuod At 31 March 2024 The charity is entstled to exempti￿ from audit in acc£dance with the charit￿ Act. The trustees acknowledge their resp￿sibIlItS in accordance with the Charities Ac# for (a) ensurlng that the charity keeps proper accounting recwds (b) preparing financial s12tements which gN8 a true fair view oftr* state of affairs of the chanty The financial statements were approved by the Board of Trustees on-&January 2025 and were sNJned on its behalf by.. S¢￿- S Ebert-Trustee

The Frlends of the Yeshfvat Har Etzlon Trust Staternant of Cashflows for th• Yèar End•d 31 March 2024 2024 2023 C•sh (u••dyg•norat•d by op•rntlng activltie• {47,863) 37.207 Incr•aso In cash and cash •qulv•l•nt8 In th• year (47,863 37,207 Ca•h and ca•h •qulv•l•nt• at th• b•glnnlng of tho y•ar 138219 101,012 CA•h and co*h •qulval•nts at th• •nd of th• yoar 90.356 138.219

The Frfends of the Yeshivat Har Etzion Trust Notss to the Flnanclal Statements for tho Yoar Ended 31 March 2024 1. ACCOUNTING POUCIES The principal accounting policies adopted. judgements and key sources of estimation Un￿rtaInty in the preparation of the financial ststements are as folFows: Basis of preparntion The ffinancial statements have been prepared in accordance with Accounting and Reporting by Charities.. SL2tement of Recommended Prath'c£ applicable to charities preparing their accounts in accordance with the Financial ReForting Standard applicable in the UK and Republic of Ireland {FRS 1021 (effective 1 January 2015) - (Charities SORP {FRS 102)) arKI the Finan(ial Reporting Standard appI￿able in the UK and Republic of Ireland (FRS 1021- Rèconciliation wlth previous Gonernlly Accgpted Accountlng Practlce In preparing the accounts, the Trustees have considered whether in applw'ng the accountirffJ poli¢ies required by FRS 102 and the Charities SORP FRS 102 the restatement of comparative items was required. Follow'ng a rewew. it was deemed that no restatements were required. Preparatlon of accounts on a golng concern basis The Trustees reported al a deficit for the year of £47,863 arKI a cash ouffiow of £47,863. Resep4es at the balance sheet date totsl £89.456. The Trustees have rev￿ed the immediate futur8 income and expenses. taking into account the changing finanoal and geovpolitical climate. including any fijrther impact from the changing economi¢ irnpact from the various global conflicts. and this analysis. together Imth the reserves, provides the basis that the Charity is a going concem for the next 12-18 months. Incoming resources All incoming resources are induded on the Statemerrt of Financial Actrvibes *then the thaiity is legally entitled to the In¢(￿e and Ihe amount c3n be quantir￿j with reasonable accuracy. Rosources expended Expendrture is accounted for on an acuuals basis and has been cLasstfied under headings that aggregate all cost related to the category. Vlhwe costs cannot be dir• attributed to particular headings they have been allocated to activrbes on a basis consistent with the use of resources. Fund accountlng Unrestricted hjnds can be used in accordance with the charitable objective$ at the discretson of the trustees. Re$tri¢ted funds can onty be used for partiryjlar restricted purposes within the objects of the charity. Restrictions arise when specffied by the donor or when fvnds are raised for parti¢ular restricted purposes. Further explanation of the nature arKI purpose of eath fund is induded in the notes to the financial statements. Debtors Trade and othgr deblors are recL)3ni8ed at the settlement amount due after any trade distsjunt offered. PrepayTnents are valued at the amount wepaid net of any trade discounts due. Cash at bank and in hand Cash at bank and cash in hand indudes cash and short term high￿ liquid investments V￿th a short maturity of three months or less from the date of acqUI￿tion or opening of the deposit or sifflilar account.

The Frlends of tho Yeshivat Har Etzlon Trust Notes to the Flnancial Stat¢rnents - ccmrtbnued ft>r the Year End•d 31 March 2024 1. ACCOUNTING POUCIES {conL) Creditors and provisions Creditors and pn)visions are recognBed where the Charity has a present obligat￿n resulting from past event that will probably result in the transfer of funds to a third paty and the amount due to settle the obligat.on can be measured ty estimated reliab￿. Creditors and provisions are normally recognised at their settlement amourrt after allowing for any trade d*s￿￿nts due. Financial Instruments The chanty OTr￿ has financial assets and finanaal Ikibilities of a knrKI that qualrfy as basic finanaal instruments. Basic financial instruments are initially ￿cogniSed al transaction value and sUbSequen￿Y measured al their settlement value Nwth the exception of bank loans which are subsequenuy measured at amortised cost using the effective interest method. 2. NET INCOMING RESOURCES Net resources are stated after d)argiry: 2024 2023 G0Veman￿ costs (see note 3) 1.362 1.362 Govemance costs 2024 2023 Accountsncy fees Consultancy & Advl¢e 900 462 900 1.362 900 4. TRUSTEES. REMUNERATION AND BENEF￿s There were no tru5tees' remuneration or other benefts for ￿ year ended 31 March 2024 nor forthe year ended 31 Marth 2023. TrUs￿s. EX￿nSeS There were no try￿tees, expenses paid f(Y the year eThJed 31 March 2024 r￿r for the year ended 31 March 2023.

The Friends of the Y￿h1vat Har Etrlon Trust Notes to the Flnanclal Ststements - contlnuod for tha Y•ar Ended 31 March 2024 5. CREDITORS: AMOUNTS FALUNG DUE wrrHIN ONE YEAR 2024 2023 Accruals and deferred income 6. MOVEMENT IN FUNOS Al N•t 01.04.23 movement In furHI• At 31.03.24 Unrnstrlctod funds General fund 137,319 (47.863) 89,456 TOTAL FUNDS 137.319 (47,863) 89,456 Nel movement in funds. induded in th8 above are as follows.. Incomlng R•8ources Fund rosOurc￿ Expend•d Trnnsfers N•t Mov•m•rrt In funds Unr••trlded fvnds General fund 53,324 (101,38n 147,863) TOTAL FUNDS 53,324 (101,387) (47,863) 7. RECONCILIATION OF NET MOVEMEKf IN FUNDS TO MEf CASH FLOW FROM OPERATING ACTNMES 2024 2023 Nel movement in funds In¢r8asè in creditors Net Cash lusedyg•n•rat•d In oporatlng actlvlt {47,863) 37.207 147,863) 37,207

The Frlends of the Yeshlvat Har Etzlon Trust D•tsll•d Stat•m?nt of Flnanclal Actlviti•s for the Year Endod 31 March 2024 2024 2023 INCOMING RESOURCES Voluntary In¢omo Donatsons 53.524 133,132 133.132 Total incoming resources 53,524 RESOURCES EXPENDED Charltabl• actlvlth• Finance charyes Govemance Grants and donatk)ns 25 1.362 100,000 25 95,000 Total ¢harttable actlvlti 1101.3871 {95,925) NET (OUTGOINGIIINCOMING RESOURCES (47,863) 37,207 10

REGISTERED CHARITY NUMBER- 298814 Report of the Trustees and Financial Statements For The Year Ended 31 March 2024 for The Friends of the Yeshivat Har Etzion Trust

The Friends of the Ye$hivat Har Etzlon Trust Contents of the Financial sL￿eMents for the Yoar Ended 31 Mar¢h 2024 Page Report of the Trustee5 Statement of Financial A¢tivities Balance Sheet 4t05 Statement of Cashflows Notes to the Financial Slatemenls 7t09 Detailed St8temenl of Finanaal Activities 10

The Friends of the Yeshlvat Har Etzlon Trust R8port of tho Trustees for the Year Ended 31 March 2024 The trustees of the charity present th￿r rewrt with the unaudited financial statements of the charity for the year ended 31 March 2024. The finanryal statements comply with the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Reojmmended Practice applicable to charities preparing their accounts in accordance wth the Financial Retx)rting Stsndard applicable in the UK and Republi¢ of Ireland (FRS 102) (effective 1 January 2015). Registerfjd Charlty number 298814 Registsred offlce 25 Broughton Avenue Finchley, London N3 3ES Trustegs Rabbi D Roselaar S Ebert STRUCTURE. GOVERNANCE AND MANAGEMENT Goveming docurnent The charity is controlled by its g)veming documen( a deed of trus( dated 22 February 1988. Risk management The trustees have a duty to ￿entify and review the risks to which the chanty is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. The Board is satisfied that such control$ are in place and that all risks are reviewed in the course of regular Board meetings. 0￿ECTIVEs AND ACTivrriES Objectlvos and alms The main object of the charity is furtherance and profflotM￿ of the Jewsh religion and Jewish religious educallon. ACHIEVEMENTS AND PERFORIAANCE Charltsble actlvltles The truslees consider that the perf￿rnan(￿ of the charlty in the year has been satisfadory. t)onations received in the year amounted lo £53.52412023'. £133,132). The Statement of Financial Activities shows outgoing resources for the year of £47,863 due to the tharity's donations not exceeding the grants of £100.000 (2023: £95.000) during the year. The total Trgeives were £89.456 12023: £137,319) at the balants sheet date. This rewrt was approvgj by the trustees on'.3January 2025 and signed ijn their behalf S Ebert- Trusteè

The Frfend8 of Ihe Yeshivat Har Etzlon T￿￿t Statament of Fln•Trcial Activitie• for the Year Ended 31 IAarch 2024 2024 2023 Unr••tricted Unrestricted Funds Funds INCOMING RESOURCES Incomlng rosource$ from gfrnfjrated funds Voluntary income Total incomlng resources 133 132 53,524 133,132 RESOURCES EXPENDED Charltsbl• actlvltl•s Operating expenses Total ¢harltabl• actlvltlos (101,387) (95.9251 Tolal r••ourc•• •xpond•d (101,387) 195.9251 NET (OUTGOINGYINCOMING RESOURCES 147,863) 37,207 RECONCILIATION OF FUNDS Total fund• brought t0￿rd 137,319 100.112 TOTAL FUNDS CARRIED FORWARD 137319

The Frlends of the Yeshlvat Har Etzion Trust Balance Sh•ot At 31 March 2024 2024 2023 CURRENT ASSErs Gash at bank 90 356 138219 90,356 138.219 CREDrroRS Amounts falling due within one year (900) {￿)0) NET CURRENT ASSET8 89.456 137,319 TOTAL ASSETS LESS CURRENT UABIUTIES 89,456 137,319 NET ASSETS 89,456 137,319 FUNDS General fund 89 456 137 319 Total Unr8Strict•J Funds 89,456 137.319 TOTAL FUNDS 89,456 137,319

The Frfends of the Yeshlvat Har Etzion Trust Balance Sheet - contlnuod At 31 March 2024 The charity is entstled to exempti￿ from audit in acc£dance with the charit￿ Act. The trustees acknowledge their resp￿sibIlItS in accordance with the Charities Ac# for (a) ensurlng that the charity keeps proper accounting recwds (b) preparing financial s12tements which gN8 a true fair view oftr* state of affairs of the chanty The financial statements were approved by the Board of Trustees on-&January 2025 and were sNJned on its behalf by.. S¢￿- S Ebert-Trustee

The Frlends of the Yeshfvat Har Etzlon Trust Staternant of Cashflows for th• Yèar End•d 31 March 2024 2024 2023 C•sh (u••dyg•norat•d by op•rntlng activltie• {47,863) 37.207 Incr•aso In cash and cash •qulv•l•nt8 In th• year (47,863 37,207 Ca•h and ca•h •qulv•l•nt• at th• b•glnnlng of tho y•ar 138219 101,012 CA•h and co*h •qulval•nts at th• •nd of th• yoar 90.356 138.219

The Frfends of the Yeshivat Har Etzion Trust Notss to the Flnanclal Statements for tho Yoar Ended 31 March 2024 1. ACCOUNTING POUCIES The principal accounting policies adopted. judgements and key sources of estimation Un￿rtaInty in the preparation of the financial ststements are as folFows: Basis of preparntion The ffinancial statements have been prepared in accordance with Accounting and Reporting by Charities.. SL2tement of Recommended Prath'c£ applicable to charities preparing their accounts in accordance with the Financial ReForting Standard applicable in the UK and Republic of Ireland {FRS 1021 (effective 1 January 2015) - (Charities SORP {FRS 102)) arKI the Finan(ial Reporting Standard appI￿able in the UK and Republic of Ireland (FRS 1021- Rèconciliation wlth previous Gonernlly Accgpted Accountlng Practlce In preparing the accounts, the Trustees have considered whether in applw'ng the accountirffJ poli¢ies required by FRS 102 and the Charities SORP FRS 102 the restatement of comparative items was required. Follow'ng a rewew. it was deemed that no restatements were required. Preparatlon of accounts on a golng concern basis The Trustees reported al a deficit for the year of £47,863 arKI a cash ouffiow of £47,863. Resep4es at the balance sheet date totsl £89.456. The Trustees have rev￿ed the immediate futur8 income and expenses. taking into account the changing finanoal and geovpolitical climate. including any fijrther impact from the changing economi¢ irnpact from the various global conflicts. and this analysis. together Imth the reserves, provides the basis that the Charity is a going concem for the next 12-18 months. Incoming resources All incoming resources are induded on the Statemerrt of Financial Actrvibes *then the thaiity is legally entitled to the In¢(￿e and Ihe amount c3n be quantir￿j with reasonable accuracy. Rosources expended Expendrture is accounted for on an acuuals basis and has been cLasstfied under headings that aggregate all cost related to the category. Vlhwe costs cannot be dir• attributed to particular headings they have been allocated to activrbes on a basis consistent with the use of resources. Fund accountlng Unrestricted hjnds can be used in accordance with the charitable objective$ at the discretson of the trustees. Re$tri¢ted funds can onty be used for partiryjlar restricted purposes within the objects of the charity. Restrictions arise when specffied by the donor or when fvnds are raised for parti¢ular restricted purposes. Further explanation of the nature arKI purpose of eath fund is induded in the notes to the financial statements. Debtors Trade and othgr deblors are recL)3ni8ed at the settlement amount due after any trade distsjunt offered. PrepayTnents are valued at the amount wepaid net of any trade discounts due. Cash at bank and in hand Cash at bank and cash in hand indudes cash and short term high￿ liquid investments V￿th a short maturity of three months or less from the date of acqUI￿tion or opening of the deposit or sifflilar account.

The Frlends of tho Yeshivat Har Etzlon Trust Notes to the Flnancial Stat¢rnents - ccmrtbnued ft>r the Year End•d 31 March 2024 1. ACCOUNTING POUCIES {conL) Creditors and provisions Creditors and pn)visions are recognBed where the Charity has a present obligat￿n resulting from past event that will probably result in the transfer of funds to a third paty and the amount due to settle the obligat.on can be measured ty estimated reliab￿. Creditors and provisions are normally recognised at their settlement amourrt after allowing for any trade d*s￿￿nts due. Financial Instruments The chanty OTr￿ has financial assets and finanaal Ikibilities of a knrKI that qualrfy as basic finanaal instruments. Basic financial instruments are initially ￿cogniSed al transaction value and sUbSequen￿Y measured al their settlement value Nwth the exception of bank loans which are subsequenuy measured at amortised cost using the effective interest method. 2. NET INCOMING RESOURCES Net resources are stated after d)argiry: 2024 2023 G0Veman￿ costs (see note 3) 1.362 1.362 Govemance costs 2024 2023 Accountsncy fees Consultancy & Advl¢e 900 462 900 1.362 900 4. TRUSTEES. REMUNERATION AND BENEF￿s There were no tru5tees' remuneration or other benefts for ￿ year ended 31 March 2024 nor forthe year ended 31 Marth 2023. TrUs￿s. EX￿nSeS There were no try￿tees, expenses paid f(Y the year eThJed 31 March 2024 r￿r for the year ended 31 March 2023.

The Friends of the Y￿h1vat Har Etrlon Trust Notes to the Flnanclal Ststements - contlnuod for tha Y•ar Ended 31 March 2024 5. CREDITORS: AMOUNTS FALUNG DUE wrrHIN ONE YEAR 2024 2023 Accruals and deferred income 6. MOVEMENT IN FUNOS Al N•t 01.04.23 movement In furHI• At 31.03.24 Unrnstrlctod funds General fund 137,319 (47.863) 89,456 TOTAL FUNDS 137.319 (47,863) 89,456 Nel movement in funds. induded in th8 above are as follows.. Incomlng R•8ources Fund rosOurc￿ Expend•d Trnnsfers N•t Mov•m•rrt In funds Unr••trlded fvnds General fund 53,324 (101,38n 147,863) TOTAL FUNDS 53,324 (101,387) (47,863) 7. RECONCILIATION OF NET MOVEMEKf IN FUNDS TO MEf CASH FLOW FROM OPERATING ACTNMES 2024 2023 Nel movement in funds In¢r8asè in creditors Net Cash lusedyg•n•rat•d In oporatlng actlvlt {47,863) 37.207 147,863) 37,207

The Frlends of the Yeshlvat Har Etzlon Trust D•tsll•d Stat•m?nt of Flnanclal Actlviti•s for the Year Endod 31 March 2024 2024 2023 INCOMING RESOURCES Voluntary In¢omo Donatsons 53.524 133,132 133.132 Total incoming resources 53,524 RESOURCES EXPENDED Charltabl• actlvlth• Finance charyes Govemance Grants and donatk)ns 25 1.362 100,000 25 95,000 Total ¢harttable actlvlti 1101.3871 {95,925) NET (OUTGOINGIIINCOMING RESOURCES (47,863) 37,207 10

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www.shelleycapitalmanagement.com

The Trustees

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

28[th] January 2025

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 2024.

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,

Jonathan Shelley Partner Shelley Capital Management LLP