PORATH YOSEPH FUND (MIDEAS PORETH YUSUFF)
The Trust directs the Trustees shall apply the income of the Charity for the maintenance, upkeep and benefit of the Institution in Israel known as Midrash Porat Yosef, established and dedicated for the benefit of the Jewish community in Jerusalem.
Objects
THE MAINTENANCE UPKEEP AND BENEFIT OF THE INSTITUTION STIUATE IN JERUSALEM IN ISRAEL KNOWN AS MIDRASH PORATH YOSEF ESTABLISHED AND DEDICATED FOR THE BENEFIT OF THE JEWISH COMMUNITY IN JERUSALEM.
Financial health, per its FY2024 accounts
The accounts state that the charity holds unrestricted funds of $1,575,788 (Fund Number One) and $1,118,850 (Fund Number Two), with a reserves policy to maintain minimum reserves to cover income fluctuations. The trustees report that the charity is managed with a view to continuing its activities in the future, and there are no material uncertainties regarding its ability to continue.
What the accounts disclose
“The Trustees’ policy is to maintain a minimum reserve to cover fluctuations in income.” — page 4
“Other debtors include an amount of $400,000 (2023: $400,000) due from Midrash Porat Yosef.” — page 11
“Other creditors include an amount of $163,949 (2023: $163,949) due to the Porat Yosef Fund Number Two Account.” — page 11
“Other debtors include an amount of $400,000 (2023: $400,000) due from Midrash Porat Yosef.” — page 11
“Other creditors include an amount of $163,949 (2023: $163,949) due to the Porat Yosef Fund Number Two Account.” — page 11
Policies the charity declares
- Complaints policy and procedures
- Conflicting interests
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Investment
- Risk management
- Safeguarding policy and procedures
- Serious incident reporting policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
Trustees
- ARIEH TOUSSIA COHEN
- DAVID RABSON
- MR M S L STERN
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £38k | £96k |
| 31/12/2023 | £39k | £179k |
| 31/12/2022 | £39k | £19k |
| 31/12/2021 | £28k | £14k |
| 31/12/2020 | £32k | £11k |
Common questions
Is PORATH YOSEPH FUND (MIDEAS PORETH YUSUFF) financially healthy?
Per its FY2024 accounts: The accounts state that the charity holds unrestricted funds of $1,575,788 (Fund Number One) and $1,118,850 (Fund Number Two), with a reserves policy to maintain minimum reserves to cover income fluctuations. The trustees report that the charity is managed with a view to continuing its activities in the future, and there are no material uncertainties regarding its ability to continue. Its FY2024 accounts were independently examined.