Charity Registration No. 327834
CYRIL & YVONNE KORN CHARITABLE TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED5 April 2025
CYRIL & YVONNE KORN CHARITABLE TRUST
LEGAL AND ADMINISTRATIVE INFORMATION
| TRUSTEES: | Jonathan Korn |
|---|---|
| Deborah Simons | |
| Yvonne Korn | |
| CHARITY NUMBER: 327834 | 327834 |
| REGISTERED ADDRESS: | 30, Harman Drive, |
| London, NW2 2ED | |
| GOVERNING DOCUMENT: | Trust deed dated 27th May 1988 |
| BANKERS: | Barclays Bank Plc, |
| 54, Lombard Street, | |
| London, ED3P 3AH | |
| INDEPENDENT EXAMINER: | Minayan & Co. Ltd, |
| Chartered Accountants | |
| 8B Accommodation Road, | |
| London, | |
| NW118ED |
CONTENTS
| Page | |
|---|---|
| Trustees report | 1 |
| Independents examiner's report | 2 |
| Statement of financial activities | 3 |
| Balance sheet | 4 |
| Notestothefinancialstatements | 5-6 |
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CYRIL & YVONNE KORN CHARITABLE TRUST Page 1
TRUSTEES REPORT
FOR THE YEAR ENDED 5 APRIL 2025
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The Trustees present this report and financial statement for the year to.05/04/25,ete inept eerie eetrerio
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 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)".
Structure, governance and management
The Cyril & Yvonne Korn Charitable Trust is a Registered charity No 327834.
The Trustees, who served during the year were:
Jonathan Korn
Deborah Simons
Yvonne Korn
The Charity has no full time staff or other paid staff and operates from ils registered address.
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The Board of Trustees has assessed the major risks.to which the charity is exposed, in particular those related to the operations and finance of the charity, and are satisfied that systems are in place to mitigate their exposure to the major risks.
Objectives and activities The charity was established to provide benefits to Jewish Charities and to medical and educational Charities. The Charity only donates to charities registered with the Charities Commission and does not give grants to individuals. The income of the Charity is already fully committed to the charities it supports. At the end of the financial year 2023-2024 it was suggested that the charity be wound down , however the Trustees have had.a change of mind and the Charity will continue to operate for the foreseeable future. Achievements and performance A large donation was made to the charity in the fatter part of the financial year, The Trustees have met and decided on which Charities grants will be made and these will be paid out before the end of the next financial year.
Financial review
As noted above the Charity received a substantial donation in the year, however no grants were allotted in 2024-25.
On behalf of the Board of Trustees
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Trustee
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Dated: 29/10/25
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CYRIL & YVONNE KORN CHARITABLE TRUST
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Page2
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE CYRIL & YVONNE KORN CHARITABLE TRUST
We report to the Trustees on our examination of the financial statements of The Cyril & Yvonne Korn Charitable Trust (the charity) for the year ended 5 April 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 ("the Act").
We report in respect of our examination of the charity's accounts carried out under section 145 of the Act and in carrying out our examination we have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
We have completed our examination. We confirm that no material matters have come to our attention in connection with the examination giving us cause to to believe that in any material respect:
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accounting records were not kept in respect of the charity as required by section 130 of the Act; or
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the accounts do not accord with those records; or
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the accounts do 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.
We 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 accounts to be reached.
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Minayan & Co. Ltd, /
Chartered Accountants i
8B Accommodation Road,
London,
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NW11 8ED
Dated: 29/10/25
Page3
CYRIL & YVONNE KORN CHARITABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 5 APRIL 2025
| 2025 | 2024 | ||
|---|---|---|---|
| Unrestricted funds | Unrestricted funds | ||
| £ | £ | ||
| Incoming resources from generatedfunds | |||
| Incoming resources from charitable activities | 84,000 | - | |
| Gift Aid | 21,000 | - | |
| Total Incoming resources | 105,000 | - | |
| Resources expended | |||
| Charitable Activities | - | - | |
| Management & Administration | 1,201 | - | |
| Total resources expended | 1,201 | - | |
| Net income(expenditure) forthe year | 103,799 | : | |
| Fund balance at 6 April 2024 | - | - | |
| Fundbalanceat5April2025 | 103,799 | i |
CYRIL & YVONNE KORN CHARITABLE TRUST
Page 4
BALANCE SHEET AS AT 5 APRIL 2025
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2025 2024
£ £
CurrentCash at AssetsBank/Building Society 84,349 349
Debtors ne 21,000 a a he cad a Ie
105,349 349
Creditors - amount due inone year Note 4 ~1,550 -349
Total assets less current Hablilities a 103,799 : oS we ade
income Funds
Unrestricted Funds i 103,799 ceetisigna
103,789 -
The accounts were approved me Trustees on 29/10/2025.
Deborah Simons . .
Trustee
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Page 5
CYRIL & YVONNE KORN CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENT FOR THE YEAR ENDED5 April 2025
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|1|Accounting|policies|
|Charity|information|
|The|Cyril|&|Yvonne|Korn|Charitable|Trust|is|a|Registered|Charity|(No|327834).|The|registered|address|is|30|Harman|Drive,|London,|NW2|2ED.|
|1.1|Accounting|convention|
|The|accounts|have|been|prepared|in|accordance|with|the|charity's|constitution|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|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|are|prepared|in|sterling,|which|is|the|functional|currency|of the|charity.|Monetary|amounts|in|these|financial|statements|are|rounded|
|to|the|nearest|£|Sterling.|
|The|financial|statements|have|been|prepared|under|the|historical|cost|convention.|
|1.2|Going|concern|
|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.|
|Unrestricted|funds|are|available|for|use|at|the|discretion|of the|Trustees|in furtherance|of|their|charitable|objectives.|
|Restricted|funds|are|subject|to|specific|conditions|by|donors|as|to how they may|be|used.|There|are|no|Restricted|Funds|in|the|Charitable|Trust|accounts.|
|Endowment|funds|are|subject|to|specific|conditions|by|donors|that|the|capital|must|be|maintained|by|the|charity.|There|are|no|Endowment|Funds|in|the|
|Charitable|Trust|Accounts.|
|1.4|Incoming|resources|
|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.|
|Legacies|are|recognised|on|receipt|or otherwise|if the|charity|has been|notified|of an|impending|distribution,|the amount|is|known,|and|receipt|is|expected,|If the|amount|is|
|not|known,|the|legacy|is|treated|as|a|contingent|asset.|
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|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.|
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|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.|
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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.
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CYRIL & YVONNE KORN CHARITABLE TRUST
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Page 6
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NOTES TO THE FINANCIAL STATEMENT (CONTINUED) FOR THE YEAR ENDED5 April 2025
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Accounting policies
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1.6 Fund accounting
The financial statements of a charity must differentiate between restricted and unrestricted funds.
Restricted funds are subject to conditions imposed by the donor.
Designated funds are amounts that have been put aside at the discretion of the Trustees out of unrestricted general funds for specific future purposes or projects.
Unrestricted general funds comprise accumulated surpluses and deficits after transfers to designated funds.
1.7 Grants payable
No grants were paid in the year.
- 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 revise 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.
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3. Total Resources Expended
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| 3. Total Resources Expended | ||
|---|---|---|
| 2025 | 2024 | |
| £ | £ | |
| Charitable Donations | : | : |
| 4. Creditors: amounts falling due within one year | ||
| 2025 | 2024 | |
| £ | £ | |
| Accruals | 1,550 | 349 |
| 1,550 | 349 |
| 5. Fund Balance |
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| Cyril &YvonneKornCharitableTrustisaCharitablecompanylimitedbyguaranteeandisgovernedbyitstrustdeed.Accordingly,nosharecapitalaccountispresented. |
- Capital commitments Cyril & Yvonne Korn Charitable Trust does not have any capital commitments at the end of this period.