Charfty reglalrallon number 313687 YESHIVAT KEREM BYAVNEH FOUNDATION ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5APRIL 2024 YESHIVAT KEREM B'YAVNEH FOUNDATION LEGAL AND ADMINISTRATIVE INFORMATION Trusteès D Mcyris D Frei J Bauemfreund Charlty numb•r 313687 Prfndpal addrnss 67 Shirehall Park H6ndon London NW4 2QN Independent ￿arnIn9r Anthony Ep*ein FCA Paragon Partners Umlled Clvjrchill House 137- 139 Brent Street London NW4 4DJ YESHIVAT KEREM BYAVNEH FOUNDATION CONTENTS TnJste05' rep)rt Indep8ndeftt8xaminerf8 report Statement of finaD¢ial actbviIEs BaSn(￿ sheet Noles lo the financlal StateM￿ts 6-10 YESHIVAT KEREM BYAVNEH FOUNDATION TRUSTEES. REPORT FOR THE YEAR ENDED 5APRIL 2024 The trustees presenl their annual report and financial slatements forlhe year ended 5 April 2024. The fin8nual 8tatemgnts have been wepared In accordance with the aGcounMng poIIGle5 set oul in note 1 to Ihe financial statements and compty with the tharftls govemln9 doGumont, the Charltles Art 2011 and 'Accountlng and Reporting by Chafities: StrAtement of Recy)mmended Practi￿ applitab18 to Cha￿leS preparing their in a#ordancg wilh tho TinarKial Roportlng Standard awlcable In th8 UK and Republic Df Ireland (FRS 102)° las amended for aGcvJntiTr3 periods ¢￿]men¢￿9 from 1 January 2016). Obig¢tives and actmtles object6 are trj sUPPOrt. promote and fo8tsrth8 1n8tthji￿j of religK)us V￿atiOnal training known as Yeshlvat Kerèm Byavnah In Isra61. There h88 b88n no change sn these during the year. The polcy of th8 TruBt continues to be to $8ek dcmatiorts to pursue the charityb C￿lects. The tru8te8s have paid due regard lo guidan￿ issued by the C￿lity Commission in decldiro ￿8t advtlios the charrty should und8rtake. AChi￿Oments and performante The trustee5 o)nsTder the porfmnce of Ihe C1￿￿ty during th8 year to b8 satisfactory. Donations of £112,797 (2023 - £75,758) wèr8 recel¥ed and grants totaling £10D.000 (2023- £55.000) were made during the year. Financial rnview The rtharlty C0n￿ftUaS to attract support of the (xjmmunty tD enable Ft to pU￿ue its objeL*Ye3. An exrnss of ir￿lmo over exp9nditur8 of £1,421 {2￿23 - £11,250) arosè in the y&8r, whlch Is lower than the prevlous year due to the grant funding achvits85. The trustees believe Ihal the financlal situatlon of the charity (x)ntlnues to bp satisfactory and that SLrffiiient funds are available to peThrllt the charity lo confjnuè in th8 foreseeable future. h 18 the policy of the charity to maintain unrathcted funds, whlGh are ffft reser¥as of tha charity. 8t a lev81 whith trusl8gs think approwiatg after consi(kriThJ the fLrture ojnmitments and th8 likely administrativa costs of the trust for th8 n8Xt Y￿r. Tre tNstees has 25sessed tho rna￿r Tisks to which the charity 18 gxpjsed, and are 8ptiJfi8d that Sy5tem6 are wi place to miligats exposure trj the major rfsks. Plans for future poriod8 Thè trustsas kntend to continue Ihe prDrrwJiion of the chaiity in theiT efftxts to attrad further fundiTrJ af thè charfvs objth*. Structurni govemance and manaqwnent Th8 charity was est8bllshèd by a charltabla tru6t deed on 25th Jvty 196e and Is r8gi8tered charity under number 313687. The trusteas served during th8 year and up trj th8 date of signatur8 of the finan￿al statements were: D Morrfs D Frei J Bau8mfreurKI Appolntment of the trustees is govemed by the Trust Deed of the tharity. The Board of Trust888 is authortsed to appoint new trustees io ffill vac4nrygs ari¥ing through resigt)8tion cff dèath of an 8XiStlng tfU8te8. ThB twsi deed provides for 8 minirnum oflhr8e truslegs. YESHIVAT KEREM B'YAVNEH FOUNDATION TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 5APRIL 2024 The board of tntsteas is th8 governing t￿JY which 8dministers Ihe charity. AJI major derisions are made by the board whith meets to thscuss and fomwtate pollcy ond to de￿0 on 6tratsgy. The trusie88' rnpcAI approved ty the Board of Trusl8es. D Frei Truste 3 February 2025 YESHIVAT KEREM BYAVNEH FOUNDATION INDEPENDENT EXAMINER'S REPORT TO THE TRllqiTEES OF YESHIVAT KEREM BYAVNEH FOUNDATION I rep)rt to the trustees on my examinatign ofthe finan¢ial statanents of Yeshivat ￿rarn B¥avneh Foundthn (the eF￿rftyI for the year ended 5 April 2024. Ra9ponsibiliti0s and baslg of report As the trustees of the charity you a￿ reswnsible for tho praparatlon of the finandal statement8 in So￿rdanCe wilh the wequirements of Iho CharitiesAct 2011 (the 2011 A(*). I repart In raspgct of my examlnation of th8 cfArfty's financial 8taternwts carriod oui urHl8r soction 145 of the 2011 Acl. In carylng tyjt my exarninaknn I ha¥& fr)11(Kved all th8 applicA)1o Direc*on8 gi¥9n by thg Charity comm￿lan under s8cUon 145(5)(b) of tha 2011 Act. lrnlependant axamlnorfs 61atenRnt Your attenlion is drdwn to the fact Ihat fhe charity has Fry8red financial Statements In acthance Accounting and Reporting by ChwitwJ preparing thelr accounts In awjrdance with the Flnandal ReportiNJ Standard appliGqble In the UK and Replkn1￿ of I￿and (FRS 102) In preference to thg Acmunting and Reportlng by Charfts8'. Ststement of Recomm8nded Practi￿ issued on 1 ADriI 2005 vthich F6 referred to in th8 8Xtanl r8gulatlons but h&8 now been thdrawn. l urKlerstsnd that Ihts has been done In order for irynanclal statsments to t￿0vIde a true and fair vlfw in aL%ordanre Ath G8nerallyAcwted Accounting Pradce eff6dlv8 for reporting Peri￿J8 Winning on or after 1 January 2015. I have ¢ompleted my examinstion. I confimi that no matters have wmp to my aitention in ￿)nnertIon with the examination gNlng me ￿uSe to belleve that in any materi81 rgsp8ct ac￿Undng records were not kept in r8SPeCt of th8 tharity as wulred by sectton 130 of the 2011 Nrt or the fi￿nl181 8tatsmert8 do not accord with those records: or the finanaal ststements do not compty V*lth thp applicabk Nuirements conceming the forni arKI ￿fttent of accuurts set out in the Charilies (Aocounts and Reports) Regulations 2008 otherthan any requlrement that the G(KUrt8 give a true and falr ￿eW whlchlg not a matter considered as part of an ind6￿dent eXa￿￿natiOn. I have no concems and have wme across no oth8r matt￿S In connerlion with examir78tion to whlch attenbon should bo d n tn thls report in ordarto enable a proper understanding of th8 finan(xal statem8rfs to be ￿Ched. Antho Epsteln FCA Paragon Pathers Llmlted Churchill House 137- 139 Brent Street LoTrJon NW4 4DJ Dat8d.' 3 February 2025 YESHIVAT KEREM BYAVNEH FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 5APRIL 2024 Unyestrlctad Unrnstricted funds funds 2024 2023 Notes Ineome from: Donatlons 8nd IwJaoe8 112.797 75,758 Tolal income 112,797 75,758 ExP￿ditu￿ on: Charitable acts￿￿85 Other ewenthlure 100.000 11,376 55,OOD 9,508 Total éxpendlture 111.376 64,508 Ngt Incomo and movwnent In fund8 1.421 11,250 Reconctllatlon of fundB: Fund balan￿ 8t 6Apnl 2023 76.530 65.280 Fund balan¢p¥ at 5Aprll 2024 77.951 76,530 YESHIVAT KEREM B'YAVNEH FOUNDATION BALANCE SHEET ASAT5APRIL 2024 2024 2023 lotes Cvrr•nt asxts Debtor8 Cash at bank and In hand 10 13 77.938 542 76,708 77.951 77,250 Credltors.. amounts falllng dug wlthln ono ￿ar (720) . Net current assets Tl,951 76,530 Net assets ￿clUdIng pension liability 77,951 76,530 The fimd5 ofthe ¢haiity Un￿tr1Gted funds 77,951 77.951 76.530 Thg finanGiiI slatem8nt8 were 8pprov8d by the tru81ees on 3 February 2025 D Frei Trusts? YESHIVAT KEREM B'YAVNEH FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 Accountlng pollcf88 Charfty Informatlon Yeshivat Kerem 8yavn8h Foundaiion is a ch8rtty astsbllsh￿l by a thatitabla tnJ3t deed on 25th July 1966. 1.1 A¢counting convention The finanrAal staternpnts have been prepared In accA)rdance with th8 chaiivs Igoveming documenfj, the Charities AGt 2011, FR8 102 Yhe FinanGial RO￿rtIng Slandard applic8Lrf8 in Ihe UK and Republic of Ireland. rFRS 102? and the Charfttes SORP 'AerJ)unUng arKI Reportino by Ch8rilies: &atsment of Recommended Pr4EliGo aPpli￿11e to charlllgs preparlnG thelr accounts in accx)rdan￿ with the Financlal Reportlng Standard amlicable in Ihe UK and Repubk of Ire]and (FRS 102Y (effective 1 January 2019). The Gharlty Is a Public Benefft Er￿ty as )ndrfions have been mel, the amo(KJts Can be measured reliably, and it i¥ probable that incomg will b8 ￿e￿iVed. Cash (k)n8ti¢)n$ are rorogry¥¢d on TecelpL other don8llons are recogntsed onc8 the charity has bBen nofified uf the donation, wlo$5 perfomiance Gonditions requlre defeTr81 of th8 &noL*)L Ino?m9 tax recoverable In relelion to d￿atiOnS recelved undor Glft Atd or deeds of wvenant 18 r8cognised at the timg ofthg d￿alton. YESHIVAT KEREM BYAVNEH FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 Grant• payable 2023 Grants to Institutlans 100.000 55.000 Trust• N(￿e of the trusteos (cr any p8rscTh ¢onneGtsd with thern) received any rernuneratson durfng the year nor were any expenses reirnE)ursed to th8m. Employees The average monthly number of £mplo￿8S duthg fhe year was: 2024 Numbv 2023 Numlxr Total There We￿ no employe88 wh08e amual rwnunemtron was rn0￿ than £60,000. 2023 A￿nIanCY Oth8r adfflini8traUv8 e>pgnses 720 10,841 11,376 9,508 Taxatlon charfty Is exernpt from tsxation on Ils adlths because all ts inwrne Is appfied for charitable purposes. 10 Debtorn 2024 20Z3 Amount8 falllng due wtthln one year: Other debtors 13 542 YESHIVAT KEREM BYAVNEH FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED S APRIL 2024 11 Creditors: amounts falllng due within one year 2024 2023 A¢¢wals and deferred inwm8 720 12 Unr88trleted funds The unFestrthAJ funds of Ihe tharity cofflpri8e the unexpende¢J balances of ¢knal¥)ns and grants wNch are nut subjocl to Specific conditions by donors 8nd gran￿3￿ as to how they rnay be Ltsed. These include d8signated fund5 which have b8en set aside out of U￿￿trI￿ed fvnds by ts tNstees for purposes. At GAP￿1 2023 Ineomkng Resourees resourc65 expended At S Aprll 2024 G8ner81 fund8 78￿30 112,797 (111.376) 77,951 Previpu¥ yoar. At 6Aprll Incoming Resources resources expendgd At 5Aprll 2023 Gengral fund6 65.280 75,758 (64.508} 76.530 13 Related PBrty transactlons There ware no dl8dosabl8 related ￿riY transadions durn9 tha year (2023- ncA)8). 10-