2023-04-05-accounts

The Charity Registration Number is :- 326634

Chasdei Yoel Charitable Trust

Report and Accounts

5 April 2023

Chasdei Yoel Charitable Trust

Report and accounts for the year ended 5 April 2023

Contents

	Page
Charity information		1
Trustees' Annual Report		1
Statement of directors' responsibilities		4
Independent Accountant's Report		6
Funds Statements:-
Statement of Financial Activities		8
Statement of total recognised gains and losses		10
Movements in funds		12
Revaluation reserves		12
Revenue Funds		12
Income and Expenditure account		13
Summary of funds		13
Balance sheet		14
Notes to the accounts		16

Chasdei Yoel Charitable Trust

Trustees' Annual Report for the year ended 5 April 2023

The Trustees present their Report and Accounts for the year ended 5 April 2023.

Reference and administrative details

The charity name.

The legal name of the charity is:- Chasdei Yoel Charitable Trust

The charity's areas operation and UK charitable registration.

The charity is registered in England & Wales with the Charity Commission in England & Wales (CCEW) with charity number 326634

Legal structure of the charity

The governing document of the charity is the Trust Deed establishing the charity.

The trustees are all individuals.

1

Chasdei Yoel Charitable Trust

Trustees' Annual Report for the year ended 5 April 2023

The principal operating address and telephone number of the charity are:-

37 Northumberland Street Salford, Manchester M7 4DQ 0161 740 0248

The Trustees in office on the date the report was approved were:-

Mr A Roth Mr G Rothbart Mr J Jakobovics Mr NI Gruner

The trustees who served as a trustee in the reporting period were as shown above, and there were no changes during the year, or in the period between the year end and the approval of the accounts.

All the trustees are also members of the charity.

Objects and activities of the charity

The purposes of the charity as set out in its governing document.

The promotion of general charitable purposes. In addition it runs a local community and education centre.

The main activities undertaken in relation to those purposes during the year.

During the year, the charity continued its running of the community centre, which offers a library and study hall open on a daily basis, as well as many lectures.

Chasdei Yoel also continued to provide grants to local families in need thereof.

The main activities undertaken during the year to further the charity's purpose for

The trustees confirm that they have referred to guidance contained in the charity commission’s general guidance on public benefit and in particular to its supplementary public benefit guidance when reviewing the charity’s aims and objectives and in planning future activities, and setting the grant policy for the year.

The main achievements and performance of the charity during the year.

The charity received donations during the year from which was paid out the community centre expenses and support costs. Grants were also paid out during the year as are in line with the objects of the charity.

The trustees would like to record their appreciation for the financial support received from benefactors during the course of the year.

2

Chasdei Yoel Charitable Trust

Trustees' Annual Report for the year ended 5 April 2023

Fundraising activities during the year.

The charity relies on grant aid from donors as is identified in the accounts, whose support is valued. There have been no other fundraising activities.

The difference the charity's performance during the year has made to the beneficiaries of the charity.

The charity's beneficiaries have benefitted from the community centre, attending the lectures it has provided, as well as its liabrary and study hall.

Recipients of donations have had their financial plight eased somewhat.

The degree to which the achievements and performance during the year have benefited wider society.

The wider society has also benefited from the charity, whose activities promote ethical values to those reached and affected by the charity.

Structure, governance and management of the charity

The methods used to recruit and appoint new charity trustees.

New trustees are periodically appointed by the existing trustees, from within the community. This is done in consultation with the community leaders.

Bankers Barclays Bank PLC, 460 Bury New Rd, Manchester, M25 1AX Accountants Levensons Ltd, Rico House, George St, Prestwich, M25 9WS

Financial review

The charity's financial position at the end of the year ended 5 April 2023

The financial position of the charity at 5 April 2023 and comparatives for the prior period, as more fully detailed in the accounts, can be summarised as follows:-

Total Unrestricted Funds Total Funds Unrestricted revaluation reserve Unrestricted Revenue Funds available for the general purposes of the charity Net expenditure	2023 £ (1,782) 1,117,848 (78,281) 1,039,567 1,039,567	2022 £ (9,217)
		1,119,630 (78,281)
		1,041,349
		1,041,349

3

Chasdei Yoel Charitable Trust

Trustees' Annual Report for the year ended 5 April 2023

Financial review of the position at the reporting date, 5 April 2023 .

The trustees consider the financial performance by the charity during the year to have been satisfactory.

With consideration to the operating requirements and needs of the building, the trustees have ensured sufficient funds remain to ensure the charity is in a position to continue providing for the future.

The charity owns several property syndicate investments, which continue to provide an income to the charity.

Policies on reserves.

The unrestricted fund represents the unrestricted funds arising from past operating results. It represents the free reserves of the charity besides the tangible fixed assets and investments. The Trustees are satisfied that the balance of the fund is satisfactory given the nature of the cash requirements of the charity.

Availability and adequacy of assets of each of the funds

The board of trustees is satisfied that the charity's assets in each fund are available and adequate to fulfil its obligations in respect of each fund.

Statement of Trustees's Responsibilities

The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities Act 2011 and the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015 (as amended).

In particular, charity law requires the Trustees, if they prepare accounts on an accruals basis, to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of the surplus or deficit of the charity. In preparing those financial statements the Trustees are required to :-

• to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).

• select suitable accounting policies and apply them consistently;

• make judgements and estimates that are reasonable and prudent;

• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business;

• state whether applicable accounting standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements;

The law requires that the trustees must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for the year.

4

Chasdei Yoel Charitable Trust

Trustees' Annual Report for the year ended 5 April 2023

The Trustees are also responsible for maintaining adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which are sufficient to show and explain the charity's transactions and enable them to ensure that the financial statements comply with regulations made under the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The Trustees are also responsible for the contents of the Trustees' report, and the statutory responsibility of the Independent Examiner in relation to the Trustees' report is limited to examining the report and ensuring that , on the face of the report, there are no material inconsistencies with the figures disclosed in the financial statements.

This report was approved by the board of trustees on 8 April 2024.

Mr A Roth Trustee

5

Chasdei Yoel Charitable Trust

Report of the Independent Examiner to the Trustees of the charity on the accounts for the year ended 5 April 2023

I report on the financial statements of the charity on pages 8 to 24 for the year ended 5 April 2023 which have been prepared in accordance with the Charities Act 2011 (the Act) and with the Financial Reporting Standard 102, (effective 1st January 2016) adapted to meet the needs of unincorporated organisations, as modified by FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015 (as amended by the Bulletin issued in February 2016) published by the Charity Commission in England & Wales (CCEW) , effective January 2015 (The SORP), under the historical cost convention and the accounting policies set out on page 16.

Respective responsibilities of the Trustees and the Independent Examiner

As described on page 4, the charity's Trustees are responsible for the preparation of the accounts.

The Trustees consider that the audit requirement of Section 144(1) of the Charities Act 2011 (the Act) does not apply, and that there is no requirement in the Governing Document for the conducting of an audit. As a consequence, theTrustees have elected that the financial statements be subject to independent examination.

Having satisfied myself that the charity is not subject to audit under any legal provision, or otherwise, and is eligible for independent examination, it is my responsibility to:-

• a) examine the accounts under Section 145 of the Act;

• b) follow the procedures in the General Directions given by the Charity Commission under section 145(5)(b) of the Act and;

• c) state whether particular matters have come to my attention.

Basis of Independent Examiner's Statement and scope of work undertaken

I conducted my examination in accordance with the General Directions given by the Charity Commission under section 145(5)(b) of the Act, setting out the duties of an Independent Examiner in relation to the conducting of an Independent Examination. An Independent Examination includes a review of the accounting records kept by the charity and of the accounting systems employed by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from you, asTrustees, concerning such matters. The purpose of the examination is to establish as far as possible that there have been no breaches of charity legislation and that the financial statements comply with the SORP, on a test basis, of evidence relevant to the amounts and disclosures in the financial statements.

The procedures undertaken do not provide all the evidence that would be required in an audit , and information supplied by theTrustees in the course of the examination is not subjected to audit tests or enquiries, and consequently I do not express an audit opinion on the view given by the financial statements, and in particular, I express no opinion as to whether the financial statements give a true and fair view of the affairs of the charity, and my report is limited to the matters set out in the statement below.

I planned and performed my examination so as to satisfy myself that the objectives of the Independent Examination are achieved and before finalising the report I obtained written assurances from the Trustees of all material matters.

Independent Examiner's Statement, Report and Opinion

Subject to the limitations upon the scope of my work as detailed above , in connection with my examination, I can confirm that :-

This is a report in respect of an examination carried out under 145 of the Act and in accordance with General Directions given by the Charity Commission under section 145(5)(b) of the Act which may be applicable;

and that no matter has come to my attention in connection with my examination which gives me reasonable cause to believe that in any material respect the requirements :-

to keep accounting records in accordance with with Section 130 of The Charities Act 2011;

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Chasdei Yoel Charitable Trust

when preparing accounts on an accruals basis, to prepare financial statements which accord with the accounting records and comply with the accounting requirements of the Act and the Regulations setting out the form and content of charity accounts;

have been prepared in accordance with The Charities Act 2011. and with the methods and principles set out in the FRS102 Statement of Recommended Practice - Accounting and Reporting by Charities (effective January 2016)

have not been met or to which, in my opinion, attention should be drawn in my report in order to enable a proper understanding of the accounts to be reached;

Mr Y Levenson - Independent Examiner Levensons Ltd Rico House George St Prestwich M25 9WS

This report was signed on 8 April 2024

7

Chasdei Yoel Charitable Trust - Statement of Financial Activities for the year ended 5 April 2023

Statement of Financial Activities for the year ended 5 April 2023

Current year Unrestricted Funds 2023 £ Income & Endowments from: Donations & Legacies A1 165,184 Investments A4 22,196 Total income A 187,380 Expenditure on: Charitable activities B2 189,162 Total expenditure B 189,162 Net gains on investments B4 - Net expenditure for the year (1,782) Net income after transfers A-B-C (1,782) Other recognised gains/(losses) D1 - (1,782) Reconciliation of funds:- E Total funds brought forward 1,041,349 Total funds carried forward 1,039,567 Net movement in funds Net gains on revaluation of fixed assets SORP Ref	Current year Unrestricted Funds 2023 £ 165,184 22,196	Current year Restricted Funds 2023 £ - - - - - - - - - - - -	Current year Total Funds 2023 £ 165,184 22,196 187,380 189,162 189,162 - (1,782) (1,782) - (1,782) 1,041,349 1,039,567	Prior Year Total Funds 2022 £ 94,382 18,775
	187,380			113,157
	189,162			122,374
	189,162			122,374
	-			-
	(1,782)			(9,217)
				(9,217) -
	(1,782) 1,041,349			(9,217) 1,050,566
	1,039,567			1,041,349

The 'SORP Ref' indicated above is the classification of income set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the Balance Sheet.

A separate Statement of Total Recognised Gains and Losses is not required as this statement includes all recognised gains and losses.

All the prior year transactions were unrestricted items, and no further analysis is required

All activities derive from continuing operations

The notes attached on pages 16 to 24 form an integral part of these accounts.

8

Chasdei Yoel Charitable Trust - Statement of Financial Activities for the year ended 5 April 2023

	SORP Ref	Prior Year	Prior Year	Prior Year Total Funds
		Unrestricted Funds	Restricted Funds
		2022	2022	2022
		£	£	£
Income & Endowments from:
Donations & Legacies	A1	94,382	-	94,382
Charitable activities	A2	-	-	-
Other trading activities	A3	-	-	-
Investments	A4	18,775	-	18,775
Other	A5	-	-	-
Total income	A	113,157	-	113,157
Expenditure on:
Raising funds	B1	-	-	-
Charitable activities	B2	122,374	-	122,374
Other	B3	-	-	-
Tax on surplus on ordinary activit	B3	-	-	-
Total expenditure	B	122,374	-	122,374
Net gains on investments	B4	-	-	-
Net expenditure for the year		(9,217)	-	(9,217)
Transfers between funds	C	-	-	-
Net income after transfers		(9,217)	-	(9,217)
Other recognised gains/(losses)		-	-	-
Net gains on revaluation of fixed assets	D1	-	-	-
Net movement in funds		(9,217)	-	(9,217)
Reconciliation of funds:-	E
Total funds brought forward		1,050,566	-	1,050,566
Total funds carried forward		1,041,349	-	1,041,349

All activities derive from continuing operations

9

Chasdei Yoel Charitable Trust - Statement of Financial Activities for the year ended 5 April 2023

2023 £ Surplus for the year :- - Income from operations before tax in the Statement of Financial Activites - Realised gains on the disposal of investments - Surplus as shown in the Income and Expenditure account - Add/(deduct) non income and expenditure items:- Gains on the revaluation of tangible fixed assets - Net Movement in funds before taxation - Funds generated in the year as shown on Statement of Financial Activiti - The notes attached on pages 16 to 24 form an integral part of these accounts. Net excess of income over expenditure from operations before tax Statement of Total Recognised Gains and Losses for the year ended 5 April 2023	2023 £ Surplus for the year :- - Income from operations before tax in the Statement of Financial Activites - Realised gains on the disposal of investments - Surplus as shown in the Income and Expenditure account - Add/(deduct) non income and expenditure items:- Gains on the revaluation of tangible fixed assets - Net Movement in funds before taxation - Funds generated in the year as shown on Statement of Financial Activiti - The notes attached on pages 16 to 24 form an integral part of these accounts. Net excess of income over expenditure from operations before tax Statement of Total Recognised Gains and Losses for the year ended 5 April 2023	2022 £ -
		- -
		- -
		-
		-

10

Chasdei Yoel Charitable Trust - Statement of Financial Activities for the year ended 5 April 2023

Chasdei Yoel Charitable Trust - Resources applied in the year ended 5 April 2023 towards fixed assets for Charity use:-

assets for Charity use:-
Funds generated in the year as detailed in the SOFA Net resources available to fund charitable activities	2023 £ (1,782) (1,782)	2022 £ (9,217)
		(9,217)

The resources applied on fixed assets for charity use represents the cost of additions less proceeds of any disposals.

The notes attached on pages 16 to 24 form an integral part of these accounts.

11

Chasdei Yoel Charitable Trust - Statement of Financial Activities for the year ended 5 April 2023

Movements in revenue and capital funds for the year ended 5 April 2023

Revenue accumulated funds

Accumulated funds brought forward Closing revenue funds Revaluation Reserve Fund At 6 April At 5 April Summary of funds Revenue accumulated funds Revaluation reserve fund Total funds Recognised gains and losses before transfers Net gains on revaluation of fixed assets	Unrestricted Funds 2023 £ 1,119,630 (1,782)	Restricted Funds 2023 £ - - - - Restricted Funds 2023 £ - - - Restricted Funds 2023 £ - - -	Total Funds 2023 £ 1,119,630 (1,782) 1,117,848 1,117,848 Total Funds 2023 £ (78,281) - (78,281) Total Funds 2023 £ 1,117,848 (78,281) 1,039,567	Last year Total Funds 2022 £ 1,128,847 (9,217)
	1,117,848			1,119,630
	1,117,848			1,119,630
	Unrestricted Funds 2023 £ (78,281) -			Last year Total Funds 2022 £ (78,281) -
	(78,281)			(78,281)
	Unrestricted and Designated funds 2023 £ 1,117,848 (78,281)			Last Year Total Funds 2022 £ 1,119,630 (78,281)
	1,039,567			1,041,349

The notes attached on pages 16 to 24 form an integral part of these accounts.

12

Chasdei Yoel Charitable Trust - Statement of Financial Activities for the year ended 5 April 2023

Chasdei Yoel Charitable Trust

Income and Expenditure Account for the year ended 5 April 2023 as required by the Companies Act 2006

Income Income from operations Realised Gains on the disposal of investments Income from investments, other than interest receivable Interest receivable Gross income in the year before exceptional items Gross income in the year including exceptional items Expenditure Charitable expenditure, excluding depreciation and amortisation Depreciation and amortisation Interest payable Realised losses on disposals of social investments which are programme related Total expenditure in the year Tax on surplus on ordinary activities Retained surplus for the financial year Net income after tax in the financial year Net income before tax in the financial year Investment income and interest	2023 £ 165,184 - 22,196 - 187,380 187,380 180,422 821 7,919 - 189,162 (1,782) - (1,782) (1,782)	2022 £ 94,382 - 18,769 6
		113,157
		113,157
		105,700 938 15,736 -
		122,374
		(9,217) -
		(9,217)
		(9,217)

All activities derive from continuing operations

In accordance with the provisions of the Companies Act 2006, the headings and subheadings used in the Income and Expenditure account have been adapted to reflect the special nature of the charity's activities.

The notes attached on pages 16 to 24 form an integral part of these accounts.

13

Chasdei Yoel Charitable Trust - Balance Sheet as at 5 April 2023

Note SORP Ref 2023 2022 £ £ Fixed assets A Tangible assets 10 A2 907,463 908,284 Investments held as fixed assets 11 A4 192,602 192,702 Total fixed assets 1,100,065 1,100,986 Current assets B Debtors 12 B2 13,028 13,028 Cash at bank and in hand B4 80,547 88,417 Total current assets 93,575 101,445 Creditors: amounts falling due within one year 13 C1 (2,394) (3,918) Net current assets 91,181 97,527 1,191,246 1,198,513 Creditors: amounts falling due after more than one year 14 C2 (151,679) (157,164) The total net assets of the charity 1,039,567 1,041,349 Restricted funds There are no restricted funds. Unrestricted Funds Unrestricted Revenue Funds 20 D3 1,117,848 1,119,630 Unrestricted Revaluation Reserve 20 D4 (78,281) (78,281) 1,039,567 1,041,349 Designated Funds Total charity funds 1,039,567 1,041,349 Total assets less current liabilities There are no unanalysed prior period funds The total net assets of the charity are funded by the funds of the charity, as follows:-	13,028 88,417	2022 £ 908,284 192,702
		1,041,349

The 'SORP Ref' indicated above is the classification of Balance Sheet items as set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the SOFA.

14

Chasdei Yoel Charitable Trust - Balance Sheet as at 5 April 2023

The Trustees acknowledge their responsibilities for complying with the requirements of charity legislation with respect to accounting records and the preparation of accounts.

The charity is subject to Independent Examination under charity legislation, and the report of the Independent Examiner is on page 7.

The Trustees are satisfied that, although the charity is not registered under the Companies Acts, if it were so registered, it would be eligible to prepare accounts in accordance with the provisions in Part 15 of the Companies Act 2006. applicable to companies subject to the small companies regime.

Mr A Roth

Trustee Approved by the board of trustees on 8 April 2024

The notes attached on pages 16 to 24 form an integral part of these accounts.

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Chasdei Yoel Charitable Trust

Notes to the Accounts for the year ended 5 April 2023

1 Accounting policies

Policies relating to the production of the accounts.

Basis of preparation and accounting convention

The accounts have been prepared on the accruals basis, under the historical cost convention, and in accordance with the Financial Reporting Standard 102, (effective 1st January 2016) and 'FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015 (as amended by the Bulletin issued in February 2016) published by the Charity Commission in England & Wales (CCEW) ,effective January 2016, (The SORP), and in accordance with all applicable law in the charity's jurisdiction of registration.

Policies relating to expenditure on goods and services provided to the charity.

Recognition of liabilities and expenditure

A liability, and the related expenditure, is recognised when a legal or constructive obligation exists as a result of a past event, and when it is more likely than not that a transfer of economic benefits will be required in settlement, and when the amount of the obligation can be measured or reliably estimated.

Liabilities arising from future funding commitments and constructive obligations, including performance related grants, where the timing or the amount of the future expenditure required to settle the obligation are uncertain, give rise to a provision in the accounts, which is reviewed at the accounting year end. The provision is increased to reflect any increases in liabilities, and is decreased by the utilisation of any provision within the period, and reversed if any provision is no longer required. These movements are charged or credited to the respective funds and activities to which the provision relates.

Policies relating to assets, liabilities and provisions and other matters.

Fixed Asset Investments

Fixed asset investments in quoted shares, traded bonds, investment properties and similar investments are shown initially at cost upon acquisition and at their market value at the balance sheet date at the end of the financial period. Investment properties are not depreciated.

Fixed asset investments in unlisted equities are shown at the balance sheet date at the best estimate of their market value, where practicable. Where valuation techniques are considered unreliable or where, in the opinion of the trustees, the costs outweigh the benefits to the users of the accounts, the investment is included at cost, and a review is undertaken at each year end as to whether the asset should be written down.

All gains on fixed asset investments, whether realised or unrealised, are included in row B4 of the Statement of Financial Activities.

Tangible fixed assets

Tangible fixed assets are measured at their original cost value, or subsequent revaluation, or if donated, as described above. Cost value includes all costs expended in bringing the asset into its intended working condition.

Depreciation has been provided at the following rates in order to write off the assets to their anticipated residual value over estimated useful lives.

Freehold premises 0 % straight line Leasehold premises 2 % straight line Plant and machinery 12.5 % reducing balance Motor vehicles 25 % straight line

Debtors

Debtors are measured at their recoverable amounts at the balance sheet date.

Creditors and provisions

Accruals and other liabilities are recognised when there is a legal or constructive obligation to pay for expenditure.

16

Chasdei Yoel Charitable Trust

Notes to the Accounts for the year ended 5 April 2023

Financial instruments including cash and bank balances

Cash held by the charity is included at the amount actually held and counted at the year end. Bank balances, whether in credit or overdrawn, are shown at the amounts properly reconciled to the bank statements.

2 Liability to taxation

The Trustees consider that the charity satisfies the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 for UK corporation tax purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by chapter 3 part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively on the specific charitable objects of the charity and for no other purpose. Value Added Tax is not recoverable by the charity, and is therefore included in the relevant costs in the Statement of Financial Activities.

3 Winding up or dissolution of the charity

If upon winding up or dissolution of the charity there remain any assets, after the satisfaction of all debts and liabilities, the assets represented by the accumulated fund shall be transferred to some other charitable body or bodies having similar objects to the charity.

4 Net (deficit)/surplus before tax in the financial year

4 Net (deficit)/surplus before tax in the financial year	4 Net (deficit)/surplus before tax in the financial year	4 Net (deficit)/surplus before tax in the financial year
Depreciation of owned fixed assets 5 Interest payable Loan interest Bank interest payable 6 Gains and losses on revaluation of fixed assets Current year Current year Unrestricted Funds Restricted Funds 2023 2023 £ £ Revaluation of :- Property - - - 7 Investment gains Current year Current year Unrestricted Funds Restricted Funds 2023 2023 £ £ Realised gains/(losses) Other Unlisted Investments - - Total realised gains/(losses) - - Total realised and unrealised gains - - The net (deficit)/surplus before tax in the financial year is stated after charging:-			2023 £ 821	2022 £ 938
			2023 £ - 7,919	2022 £ - 15,736
			7,919	15,736
			Current year Total Funds 2023 £ -	Prior Year Total Funds 2022 £ -
	-	-	-	-
	Current year Unrestricted Funds 2023 £ -	Current year Restricted Funds 2023 £ -	Current year Total Funds 2023 £ -	Prior Year Total Funds 2022 £ -
	-	-	-	-
	-	-	-	-

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Chasdei Yoel Charitable Trust

Notes to the Accounts for the year ended 5 April 2023 8 Staff costs and emoluments

Salary costs 2023 £ Gross Salaries excluding trustees and key management personnel 61,583 Trustees' Remuneration as detailed in note 9 - Total salaries, wages and related costs 61,583 Numbers of full time employees or full time equivalents 2023 The average number of total staff employed in the year was 8 The average number of part time staff employed in the year was 8 The average number of full time staff employed in the year was - The estimated full time equivalent number of all staff employed in the year was 3 The estimated equivalent number of full time staff deployed in different activities in the year was:- Engaged on charitable activities 3 The estimated full time equivalent number of all staff employed as above 3 Neither the trustees nor any persons connected with them have received any remuneration from the charity entity, either in the current or prior year.	2023 £ 61,583 -	2022 £ 45,472 -
	61,583	45,472
	2023 8	2022 3
		3 - 2 2
	3	2
		or any related

No employees received emoluments (excluding pension costs) in excess of £60,000 per annum.

9 Remuneration and payments to Trustees and persons connected with them The remuneration in the year year was Total remuneration package included in total salaries above Highest paid employee	9,772	9,360
	9,772	9,360

No trustees or persons connected with them received any remuneration from the charity, or any related entity.

10 Tangible fixed assets

Cost At 6 April 2022 Surplus on revaluation At 5 April 2023 Depreciation At 6 April 2022 Charge for the year At 5 April 2023 Net book value At 5 April 2023 At 5 April 2022	Land and Buildings £ 901,719 -	Plant & Machinery £ 64,789 -	Motor Vehicles £ - -	Total £ 966,508 -
	901,719	64,789	-	966,508
	- -	58,224 821	- -	58,224 821
	-	59,045	-	59,045
	901,719	5,744	-	907,463
	901,719	6,565	-	908,284

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Chasdei Yoel Charitable Trust

Notes to the Accounts for the year ended 5 April 2023

Freehold land and buildings included above: Historical cost Cumulative depreciation based on historical cost 11 Investments held as fixed assets £ Carrying values of investments At 6 April 2022 - Additions - Disposals - At 5 April 2023 - Analysis between fair value and historical cost Investments as above held at fair value - Analysis of Other Classes of Investment Summary of other classes of investments at 5 April 2023 Cash or cash equivalents 12 Debtors Other debtors 13 Creditors: amounts falling due within one year Accruals 14 Creditors: amounts falling due after one year Bank loans and overdrafts Other creditors 15 Loans to trustees included in debtors 16 Guarantees made by the charity on behalf of trustees Investments in subsidiaries	£ - - - Investments in subsidiaries	Listed investments £ - - -	2023 £ 901,719	2022 £ 901,719
			-	-
			Other Classes of Investment £ 192,702 11,250 (11,350)	Total £ 192,702 11,250 (11,350)
	-	-	192,602	192,602
		- Included at historical cost, less write down £ -	192,602 Included at fair value £ 192,602 2023 £ 13,028	192,602 Total £ 192,602 2022 £ 13,028
			2023 £ 2,394	2022 £ 3,918
			2023 £ 123,323 28,356	2022 £ 131,962 25,202
			151,679	157,164
			- -	- -

19

Chasdei Yoel Charitable Trust

Notes to the Accounts for the year ended 5 April 2023

17 Revaluation reserve

At 6 April 2022 Arising on revaluation during the year At 5 April 2023 18 Income and Expenditure account summary At 6 April 2022 Loss after tax for the year At 5 April 2023	Current year Unrestricted Funds 2023 £ (78,281) -	Current year Restricted Funds 2023 £ - -	Current year Total Funds 2023 £ (78,281) -	Prior Year Total Funds 2022 £ (78,281) -
	(78,281)	-	(78,281)	(78,281)
			2023 £ 1,119,630 (1,782)	2022 £ 1,128,847 (9,217)
			1,117,848	1,119,630

19 Particulars of how particular funds are represented by assets and liabilities

At 5 April 2023 Tangible Fixed Assets Investments at valuation:- Fixed asset investments Current Assets Current Liabilities Long Term Liabilities At 6 April 2022 Tangible Fixed Assets Investments at valuation:- Fixed asset investments Current Assets Current Liabilities Long Term Liabilities	Unrestricted funds £ 907,463 192,602 93,575 (2,394) (151,679)	Designated funds £ - - - - -	Restricted funds £ - - - - -	Total Funds £ 907,463 192,602 93,575 (2,394) (151,679)
	1,039,567	-	-	1,039,567
	Unrestricted funds £ 908,284 192,702 101,445 (3,918) (157,164)	Designated funds £ - - - - -	Restricted funds £ - - - - -	Total Funds £ 908,284 192,702 101,445 (3,918) (157,164)
	1,041,349	-	-	1,041,349

20 Change in total funds over the year as shown in Note 19 , analysed by individual funds

Unrestricted and designated funds:- Unrestricted Revenue Funds Unrestricted Revaluation Reserve Total unrestricted and designated funds Total charity funds	£ 1,119,630 (78,281) Funds brought forward from 2022	See Note 21 £ (1,782) - Movement in funds in 2023	See Note 0 £ - - Transfers between funds in 2023	£ 1,117,848 (78,281) Funds carried forward to 2024
	1,041,349	(1,782)	-	1,039,567
	1,041,349	(1,782)	-	1,039,567

20

Chasdei Yoel Charitable Trust

Notes to the Accounts for the year ended 5 April 2023

21 Analysis of movements in funds over the year as shown in Note 20

Unrestricted and designated funds:- Unrestricted Revenue Funds Unrestricted Revaluation Reserve	Income 2023 £ 187,380 -	Expenditure 2023 £ (189,162) -	Other Gains & Losses 2023 £ - -	Movement in funds 2023 £ (1,782) -
	187,380	(189,162)	-	(1,782)

Gains and losses are detailed in notes 6 and 7.

22 The purposes for which the funds as detailed in note 20 are held by the charity are:-

Unrestricted and designated funds:- These funds are held for the meeting the objectives of the charity, and to Unrestricted Revenue Funds provide reserves for future activities, and , subject to charity legislation, are free from all restrictions on their use. Restricted funds:- The purpose of these funds is described under the accounting policy Restricted Fixed Asset Funds 'Accounting for capital grants and fixed asset funds'. This fund represents the restricted surplus arising on the revaluation of the Restricted Revaluation Reserve charity's assets.

23 Ultimate controlling party

The charity is under the control of its legal members.

Every member of the charity has unlimited joint and several liability for the debts of the charity.

21

Chasdei Yoel Charitable Trust

Detailed analysis of income and expenditure for the year ended 5 April 2023 as required by the SORP 2015

24 Investment income

Property Rental Income Bank Interest Receivable Total investment income A4	Current year Unrestricted Funds 2023 £ 22,196 -	Current year Restricted Funds 2023 £ - -	Current year Total Funds 2023 £ 22,196 - 22,196	Prior Year Total Funds 2022 £ 18,769 6
	22,196	-		18,775

25 Expenditure on charitable activities - Direct spending

Total direct spending B2a Travel and Subsistence - Charitable Activities Gross wages and salaries - charitable activities	Current year Unrestricted Funds 2023 £ 61,583 -	Current year Restricted Funds 2023 £ - -	Current year Total Funds 2023 £ 61,583 - 61,583	Prior Year Total Funds 2022 £ 45,472 -
	61,583	-		45,472

26 Expenditure on charitable activities- Grant funding of activities

Current year Unrestricted Funds 2023 £ 55,460 Total grantmaking costs B2c 115,460 Current year Unrestricted Funds 2023 £ Premises Expenses - - Light & Heat - Property insurance Grants made to individuals Beis Medrash Support costs for charitable activities	Current year Unrestricted Funds 2023 £ 55,460	Current year Current year Prior Year Restricted Funds Total Funds Total Funds 2023 2023 2022 £ £ £ - 55,460 39,770
	115,460	- 115,460 39,770
		Current year Current year Prior Year Restricted Funds Total Funds Total Funds 2023 2023 2022 £ £ £ - - - - - 12,526 - -

27 Support costs for charitable activities

22

Chasdei Yoel Charitable Trust

Detailed analysis of income and expenditure for the year ended 5 April 2023 as required by the SORP 2015

Administrative overheads - - - 233 - 233 1,097 - 1,097 Professional fees paid to advisors other than the auditor or examiner 900 - 900 - - - Financial costs 1,149 - 1,149 - - - - - - 821 - 821 7,919 - 7,919 Support costs before reallocation 12,119 - 12,119 Total support costs 12,119 - 12,119 Telephone, fax and internet Information and publications Bank interest payable Accountancy fees other than examination or audit fees Sundry expenses Hire Purchase interest Loan interest Depreciation & Amortisation in total for Other legal and professional Bank charges	Administrative overheads - - - 233 - 233 1,097 - 1,097 Professional fees paid to advisors other than the auditor or examiner 900 - 900 - - - Financial costs 1,149 - 1,149 - - - - - - 821 - 821 7,919 - 7,919 Support costs before reallocation 12,119 - 12,119 Total support costs 12,119 - 12,119 Telephone, fax and internet Information and publications Bank interest payable Accountancy fees other than examination or audit fees Sundry expenses Hire Purchase interest Loan interest Depreciation & Amortisation in total for Other legal and professional Bank charges	Administrative overheads - - - 233 - 233 1,097 - 1,097 Professional fees paid to advisors other than the auditor or examiner 900 - 900 - - - Financial costs 1,149 - 1,149 - - - - - - 821 - 821 7,919 - 7,919 Support costs before reallocation 12,119 - 12,119 Total support costs 12,119 - 12,119 Telephone, fax and internet Information and publications Bank interest payable Accountancy fees other than examination or audit fees Sundry expenses Hire Purchase interest Loan interest Depreciation & Amortisation in total for Other legal and professional Bank charges	Administrative overheads - - - 233 - 233 1,097 - 1,097 Professional fees paid to advisors other than the auditor or examiner 900 - 900 - - - Financial costs 1,149 - 1,149 - - - - - - 821 - 821 7,919 - 7,919 Support costs before reallocation 12,119 - 12,119 Total support costs 12,119 - 12,119 Telephone, fax and internet Information and publications Bank interest payable Accountancy fees other than examination or audit fees Sundry expenses Hire Purchase interest Loan interest Depreciation & Amortisation in total for Other legal and professional Bank charges	- 731 128 1,344 3,480 739 - - 938 15,736
	12,119	-	12,119 12,119	37,132
	12,119	-		37,132

The basis of allocation of costs between activities is described under accounting policies

28 Total Charitable expenditure

Total Charitable expenditure
Total direct spending B2a Total grantmaking costs B2c Total support costs B2d Total charitable expenditure B2	Current year Unrestricted Funds 2023 £ 61,583 115,460 12,119	Current year Current year Prior Year Restricted Funds Total Funds Total Funds 2023 2023 2022 £ £ £ - 61,583 45,472 - 115,460 39,770 - 12,119 37,132
	189,162	- 189,162 122,374

23

Chasdei Yoel Charitable Trust

Activity analysis of Income and expenditure for the for the year ended 5 April 2023

This analysis is classsified by activity and not by conventional nominal descriptions.

29 Analysis of income by activity SOFA ref Summary of Total Income, including the items above Donations & Legacies A1 Investment income A4 Total income as shown in the SOFA A Categories of income Income from exchange transactions 30 Analysis of charitable expenditure by activity Direct costs Support costs 2023 2023 £ £ 61,583 B3. Premises Expenses - B4. Administrative overheads 1,330 900 - B6. Financial costs 9,889 900 72,802 Activity B5. Professional Fees Activity Summary of charitable costs by activity A1. Expenditure on charitable activities directly attributable to activities Total charitable expenditure	Grant funding of activities 2023 £ -	2023 £ 165,184 22,196 187,380 187,380 Total 2023 £ 61,583 - 1,330 900 9,889 73,702	2022 - 94,382 18,775
			113,157
			113,157 Total 2022 £ 17,506 8,091 6,894 2,591 9,582
			44,664

The basis of allocation of costs between activities is described under accounting policies

The breakdown of this expenditure by type of spending (ie nominal classification) is detailed in note 28

24