IRIS Accounts Production v18.3.0.590 Other Company accounts True False Pounds 1.1.17 31.12.17 31.12.17 FY M G Abadi M G Abadi FRS 102 Independent examiner Large and medium-sized companies regime for accounts Full Charities SORP True True True True False True False True iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure063035412016-12-31063035412017-12-31063035412017-01-012017-12-31063035412015-12-31063035412016-01-012016-12-31063035412016-12-3106303541ns0:CharitableCompanyLimitedByGuarantee2017-01-012017-12-3106303541ns15:PoundSterling2017-01-012017-12-3106303541ns0:Trustee12017-01-012017-12-3106303541ns11:FRS1022017-01-012017-12-3106303541ns11:IndependentExaminationCharity2017-01-012017-12-3106303541ns11:LargeMedium-sizedCompaniesRegimeForAccounts2017-01-012017-12-3106303541ns11:FullAccounts2017-01-012017-12-3106303541ns11:CharitiesSORP2017-01-012017-12-3106303541ns16:EnglandWales2017-01-012017-12-3106303541ns11:RegisteredOffice2017-01-012017-12-3106303541ns0:Trustee22017-01-012017-12-3106303541ns0:Trustee32017-01-012017-12-3106303541ns11:CompanySecretary12017-01-012017-12-3106303541ns0:Activity82017-01-012017-12-3106303541ns0:Activity82016-01-012016-12-3106303541ns0:Activity92017-01-012017-12-3106303541ns0:Activity92016-01-012016-12-3106303541ns0:Activity102017-01-012017-12-3106303541ns0:Activity102016-01-012016-12-3106303541ns0:Activity112017-01-012017-12-3106303541ns0:Activity112016-01-012016-12-3106303541ns0:Activity122017-01-012017-12-3106303541ns0:Activity122016-01-012016-12-3106303541ns10:WithinOneYear2017-12-3106303541ns10:WithinOneYear2016-12-310630354122017-01-012017-12-3106303541ns10:CostValuationns10:ListedExchangeTraded2016-12-3106303541ns10:DisposalsRepaymentsInvestmentsns10:ListedExchangeTraded2017-12-3106303541ns10:RevaluationsIncreaseDecreaseInInvestmentsns10:ListedExchangeTraded2017-12-3106303541ns10:ForeignExchangeDifferencesIncreaseDecreaseInInvestments2017-12-3106303541ns10:CostValuationns10:ListedExchangeTraded2017-12-31
REGISTERED COMPANY NUMBER: 06303541 (England and Wales)
REGISTERED CHARITY NUMBER: 1121469
































REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2017
FOR
HASDEI AVOT CHARITABLE TRUST

HASDEI AVOT CHARITABLE TRUST
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2017










Page

Report of the Trustees 1 to 2

Independent Examiner's Report 3

Statement of Financial Activities 4

Statement of Financial Position 5 to 6

Statement of Cash Flows 7

Notes to the Statement of Cash Flows 8

Notes to the Financial Statements 9 to 13


HASDEI AVOT CHARITABLE TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2017
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with
the financial statements of the charity for the year ended 31 December 2017. The trustees have adopted the provisions of
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 2015).

OBJECTIVES AND ACTIVITIES
The Charity is constituted as a company limited by guarantee, and is therefore governed by a Memorandum and Articles
of Association. The Charity is registered with the Charity Commission.

The Charity's object and its principal activities must be:
To provide grants and donations for individuals or such charitable associations, bodies and organizations, for the
purpose of advancing education, relieving poverty, sickness and the needs of the elderly and disabled, as the trustees in
their absolute discretion must think fit.
ACHIEVEMENT AND PERFORMANCE
The Trustees consider the performance of the Charity during the period to be satisfactory, and note that more voluntary
donations have been received during the year to support the objective of the charity.

FINANCIAL REVIEW
The Statement of Financial Activities shows a net deficit for the year of £160,140 ( 2016: Surplus of £317,137).The
reserves fund as at 31st December 2017 was £1,718,852 ( 2016 : £1,878,992).

PUBLIC BENEFIT
The trustees have carefully considered the public benefit requirements and their duty to ensure that they are compliant
with them. They feel that the activities as detailed below, must more than adequately, satisfy the public benefit
requirement.

The trustees must continue to operate within the confines of the charity objectives namely in the respect of the providing
grants and donations to individuals or such charitable organizations for the advancement of education, relief of poverty,
sickness and the need of the elderly and disabled.

The charity must provide grants to a broad section of the community and grant applications must be vetted carefully.
Where the grants are given, the trustees must follow it through to ensure that the grants are used for the purposes for
which they are needed.

The trustees are of the opinion that the following through of these grants ensure that the aims and objects of the charity is
met.

FUTURE PLANS
We are confident that our supporters will provide us with contributions at a level to support the objects of the charity.

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by
guarantee, as defined by the Companies Act 2006.

Recruitment and appointment of new trustees
All Directors of the company are also Trustees of the charity, and there are no other Trustees. All of the Trustees named
on page 1 served throughout the year. The Board has the power to appoint additional Trustees as it considers fit to do
so.

Organisational structure
The Charity is organized so that the Directors and Trustees must meet regularly to manage its affairs. There are two part
time administrators, who manage the day to day administration of the Charity.


HASDEI AVOT CHARITABLE TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2017
STRUCTURE, GOVERNANCE AND MANAGEMENT
Risk management
The Trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining
reserves at current levels, combined with an annual review of the controls over key financial systems, must provide
sufficient resources in the event of adverse conditions. The Trustees have also examined other operational and business
risks faced by the charity and confirm that they have established systems to mitigate the significant risks.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
06303541 (England and Wales)

Registered Charity number
1121469

Registered office
923 Finchley Road
Golders Green
London
NW11 7PE

Trustees
M G Abadi Director and Trustee
D P Lyons Director and Trustee
Mrs F Resnik De Abadi Director and Trustee

Company Secretary
Mrs F Resnik De Abadi

Independent examiner
Akiva Kahan FCA
ICAEW
Joseph Kahan Associates LLP
Chartered Accountants
923 Finchley Road
London
NW11 7PE

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating
to small companies.

Approved by order of the board of trustees on 20 September 2018 and signed on its behalf by:



M G Abadi - Trustee

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
HASDEI AVOT CHARITABLE TRUST
Independent examiner's report to the trustees of Hasdei Avot Charitable Trust ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2017.

Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].

I 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







Akiva Kahan FCA
ICAEW
Joseph Kahan Associates LLP
Chartered Accountants
923 Finchley Road
London
NW11 7PE


Date: .............................................

HASDEI AVOT CHARITABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES
(INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 DECEMBER 2017
2017 2016

Unrestricted
fund
Total
funds
Notes £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 176,470 -
Total 176,470 -

EXPENDITURE ON
Charitable activities 2
Charitable donations and associated costs 386,566 82,413
Net Foreign exchange loss/gain 99,301 (302,046 )
Finance costs 172 79
Accountancy, professional and legal fees 2,950 2,562
Loss on disposal of investment 2,915 -
Total 491,904 (216,992 )
Net gains/(losses) on investments 155,293 100,145
NET INCOME/(EXPENDITURE) (160,141 ) 317,137
RECONCILIATION OF FUNDS

Total funds brought forward 1,878,992 1,561,855
TOTAL FUNDS CARRIED FORWARD 1,718,851 1,878,992

HASDEI AVOT CHARITABLE TRUST
STATEMENT OF FINANCIAL POSITION
AT 31 DECEMBER 2017
2017 2016

Unrestricted
fund
Total
funds
Notes £    £   
FIXED ASSETS
Investments 7 1,703,140 1,880,449

CURRENT ASSETS
Cash at bank 21,533 3,575

CREDITORS
Amounts falling due within one year 8 (5,822 ) (5,032 )

NET CURRENT ASSETS/(LIABILITIES) 15,711 (1,457 )
TOTAL ASSETS LESS CURRENT
LIABILITIES


1,718,851

1,878,992
NET ASSETS 1,718,851 1,878,992
FUNDS 9
Unrestricted funds 1,718,851 1,878,992
TOTAL FUNDS 1,718,851 1,878,992

HASDEI AVOT CHARITABLE TRUST
STATEMENT OF FINANCIAL POSITION - CONTINUED
AT 31 DECEMBER 2017
The charitable company is entitled to exemption from audit under
Section 477 of the Companies Act 2006 for the year ended 31 December 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended
31 December 2017 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the
Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the charitable company as
at the end of each financial year and of its surplus or deficit for each financial year in accordance with the
requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act
2006 relating to financial statements, so far as applicable to the charitable company.

These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies
Act 2006 relating to charitable small companies.

The financial statements were approved by the Board of Trustees on 20 September 2018 and were signed on its behalf by:




M G Abadi -Trustee

HASDEI AVOT CHARITABLE TRUST
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2017
2017 2016
Notes £    £   
Cash flows from operating activities:
Cash generated from operations 1 (209,311 ) (107,436 )
Net cash provided by (used in) operating
activities


(209,311

)

(107,436

)

Cash flows from investing activities:
Sale of tangible fixed assets (2,915 ) (1,130 )
Sale of fixed asset investments 230,184 100,145
Net cash provided by (used in) investing activities 227,269 99,015

Change in cash and cash equivalents in the
reporting period


17,958

(8,421

)
Cash and cash equivalents at the beginning of the
reporting period


3,575

11,996

Cash in cash and cash equivalents due to
exchange rate movements


99,301

-
Cash and cash equivalents at the end of the
reporting period


120,834

3,575

HASDEI AVOT CHARITABLE TRUST

NOTES TO THE STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2017
1. RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM
OPERATING ACTIVITIES
2017 2016
£    £   
Net income/(expenditure) for the reporting period (as per the statement
of financial activities)

(160,141

)

317,137
Adjustments for:
Gain on investments (155,293 ) (100,145 )
Loss on disposal of fixed assets 2,915 1,130
Forex gain 99,301 (303,176 )
Unrealized gain 3,117 (24,944 )
Increase in creditors 790 2,562
Net cash provided by (used in) operating activities (209,311 ) (107,436 )


HASDEI AVOT CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2017
1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been
prepared in accordance with the Charities SORP (FRS 102) '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 2015)',
Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of
Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost
convention with the exception of investments which are included at market value, as modified by the revaluation
of certain assets.

Income
All income must be recognised in the Statement of Financial Activities once the charity has entitlement to the
funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure
Liabilities must be recognised as expenditure as soon as there is a legal or constructive obligation committing the
charity to that expenditure, it is probable that a transfer of economic benefits must be required in settlement and
the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has
been classified under headings that aggregate all cost related to the category. Where costs cannot be directly
attributed to particular headings they have been allocated to activities on a basis consistent with the use of
resources.

Taxation
The charity is exempt from corporation tax on its charitable activities.

Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions
arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the
statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of
exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the
operating result.

2. CHARITABLE ACTIVITIES COSTS

Direct costs Support costs Totals
(See note 3)
£    £    £   
Charitable donations and associated costs 386,566 - 386,566
Accountancy, professional and legal fees (282 ) 3,232 2,950
Net Foreign exchange loss/gain - 99,301 99,301
Finance costs - 172 172
Loss on disposal of investment - 2,915 2,915
386,284 105,620 491,904


HASDEI AVOT CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS - CONTINUED
FOR THE YEAR ENDED 31 DECEMBER 2017
3. SUPPORT COSTS



Finance
Governance
costs

Totals
£    £    £   
Net Foreign exchange loss/gain 99,301 - 99,301
Finance costs 172 - 172
Accountancy, professional and legal fees - 3,232 3,232
Loss on disposal of investment - 2,915 2,915
99,473 6,147 105,620

4. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2017 2016
£    £   
Deficit on disposal of fixed asset 2,915 1,130
Foreign Exchange - 303,176

5. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2017 nor for the year
ended 31 December 2016.

Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2017 nor for the year ended
31 December 2016.

6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES


Unrestricted
fund
£   
INCOME AND ENDOWMENTS FROM

EXPENDITURE ON
Charitable activities
Charitable donations and associated costs 82,413
Net Foreign exchange loss/gain (302,046 )
Finance costs 79
Accountancy, professional and legal fees 2,562
Total (216,992 )
Net gains/(losses) on investments 100,145
NET INCOME/(EXPENDITURE) 317,137

HASDEI AVOT CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS - CONTINUED
FOR THE YEAR ENDED 31 DECEMBER 2017
6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued

Unrestricted
fund
£   
RECONCILIATION OF FUNDS

Total funds brought forward 1,561,855
TOTAL FUNDS CARRIED FORWARD 1,878,992

7. FIXED ASSET INVESTMENTS


Listed
investments
£   
MARKET VALUE
At 1 January 2017 1,880,449
Disposals (233,682 )
Revaluations 155,293
Exchange differences (98,920 )
At 31 December 2017 1,703,140
NET BOOK VALUE
At 31 December 2017 1,703,140
At 31 December 2016 1,880,449

The fixed asset investment are listed Ordinary Securities . The market value of the investment as at 31/12/17 was
£1,703,140 (2016 : £1,880,449).

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017 2016
£    £   
Other creditors 2,872 2,412
Accruals and deferred income 2,950 2,620
5,822 5,032


HASDEI AVOT CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS - CONTINUED
FOR THE YEAR ENDED 31 DECEMBER 2017
9. MOVEMENT IN FUNDS



At 1.1.17
Net movement
in funds

At 31.12.17
£    £    £   
Unrestricted funds
General fund 1,878,992 (160,141 ) 1,718,851

TOTAL FUNDS 1,878,992 (160,141 ) 1,718,851

Net movement in funds, included in the above are as follows:

Incoming
resources
Resources
expended
Gains and
losses
Movement in
funds
£    £    £    £   
Unrestricted funds
General fund 176,470 (491,904 ) 155,293 (160,141 )

TOTAL FUNDS 176,470 (491,904 ) 155,293 (160,141 )


Comparatives for movement in funds


At 1.1.16
Net movement
in funds

At 31.12.16
£    £    £   

Unrestricted Funds
General fund 1,561,855 317,137 1,878,992

TOTAL FUNDS 1,561,855 317,137 1,878,992
Comparative net movement in funds, included in the above are as follows:

Incoming
resources
Resources
expended
Gains and
losses
Movement in
funds
£    £    £    £   
Unrestricted funds
General fund - 216,992 100,145 317,137

TOTAL FUNDS - 216,992 100,145 317,137

10. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 December 2017.


HASDEI AVOT CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS - CONTINUED
FOR THE YEAR ENDED 31 DECEMBER 2017
11. TRANSACTIONS WITH DIRECTORS AND TRUSTEES

During the year, Gems Advisors Limited of which M G Abadi is a director, donated £nil ( 2016 : £nil) to Hasdei
Avot Charitable Trust.
Other creditors totalling £2,872 (2016 : £2,412) is a loan given by Gems Advisors Limited to Hasdei Avot
Charitable Trust during the year and was still owed at the end of the year.