REGISTERED CHARITY NUMBER: 1000007
FRIENDS OF BE'ER MIRIAM
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
Sugarwhite Meyer Accountants Ltd First Floor 94 Stamford Hill London N16 6XS
FRIENDS OF BE'ER MIRIAM
REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 DECEMBER 2021
TRUSTEES
TRUSTEES D Lobenstein M C Elzas B Dunner PRINCIPAL ADDRESS 116 Castlewood Road London N15 6BE REGISTERED CHARITY 1000007 NUMBER INDEPENDENT EXAMINER Sugarwhite Meyer Accountants Ltd First Floor 94 Stamford Hill London N16 6XS
Page 1
FRIENDS OF BE'ER MIRIAM
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021
The trustees present their report with the financial statements of the charity for the year ended 31 December 2021. 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 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The objects of the charity is to collect funds to be distributed to Orthodox Jewish religious and educational institutions both in the UK and abroad.
Public benefit
We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities.
Grantmaking
The trustees decide on grants made following requests and recommendations. The institutions and individuals are known to the trustees personally.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
The charity collected funds and distributed them to educational institutions mainly in Israel.
FINANCIAL REVIEW
Financial position
The charity continued to receive donations for distribution to educational institutions to the satisfaction of the trustees.
Reserves policy
The trustees ensure that the charity has sufficient reserves to cover foreseeable eventualities. No distributions are made before sufficient funds are made available.
FUTURE PLANS
The trustees plan to continue the charities activities for the foreseeable future.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
The charity is governed by its Deed of Trust dated 21st December 1989.
Recruitment and appointment of new trustees
It is not currently the intention of the trustees of the charity to appoint new trustees. Should this situation change in the future, the trustees will apply suitable recruitment and training procedures.
Organisational structure
The charity has three trustees who meet regularly in order to discuss and control its activities. All trustees act on a voluntary basis and receive no remuneration or re-imbursement for expenses incurred by them in the execution of their duties.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
The trustees have put in place systems to identify risks and review the systems regularly.
Page 2
FRIENDS OF BE'ER MIRIAM
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021
Approved by order of the board of trustees on 27 October 2022 and signed on its behalf by:
M C Elzas - Trustee
Page 3
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF FRIENDS OF BE'ER MIRIAM
Independent examiner's report to the trustees of Friends of Be'er Miriam
I report to the charity trustees on my examination of the accounts of Friends of Be'er Miriam (the Trust) for the year ended 31 December 2021.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
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.
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.
S. Y. Steinhaus FCA Sugarwhite Meyer Accountants Ltd First Floor 94 Stamford Hill London N16 6XS
27 October 2022
Page 4
FRIENDS OF BE'ER MIRIAM
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021
| 2021 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 145,561 Investment income 2 1 Total 145,562 EXPENDITURE ON Raising funds 3 720 Charitable activities Grants to educational and religious institutions 145,600 Total 146,320 NET INCOME/(EXPENDITURE) (758) RECONCILIATION OF FUNDS Total funds brought forward 835 TOTAL FUNDS CARRIED FORWARD 77 |
2020 Total funds £ 93,118 4 93,122 - 93,825 93,825 (703) 1,538 835 |
|---|---|
The notes form part of these financial statements
Page 5
FRIENDS OF BE'ER MIRIAM
STATEMENT OF FINANCIAL POSITION 31 DECEMBER 2021
| Notes CURRENT ASSETS Debtors 5 Cash at bank CREDITORS Amounts falling due within one year 6 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS/(LIABILITIES) FUNDS 8 Unrestricted funds TOTAL FUNDS |
2021 2020 Total Total funds funds £ £ - 900 1,048 656 1,048 1,556 (971) (721) 77 835 77 835 77 835 77 835 77 835 |
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 27 October 2022 and were signed on its behalf by:
M C Elzas - Trustee
The notes form part of these financial statements
Page 6
FRIENDS OF BE'ER MIRIAM
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, 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 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Critical accounting judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Income
All income is 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 are 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 will 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.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Taxation
The charity is exempt from 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.
Going concern
There are no material uncertainties about the charity's ability to continue.
Page 7
FRIENDS OF BE'ER MIRIAM
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021
2. INVESTMENT INCOME
| Deposit account interest RAISING FUNDS Raising donations and legacies Support costs |
2021 £ 1 2021 £ 720 |
2020 £ 4 2020 £ - |
|---|---|---|
3. RAISING FUNDS
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2021 nor for the year ended 31 December 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2021 nor for the year ended 31 December 2020.
5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Other debtors 6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Bank loans and overdrafts (see note 7) Trade creditors Other creditors 7. LOANS An analysis of the maturity of loans is given below: Amounts falling due within one year on demand: Bank overdrafts |
2021 £ - 2021 £ 250 1 720 971 2021 £ 250 |
2020 £ 900 2020 £ - 1 720 721 2020 £ - |
|---|---|---|
Page 8
FRIENDS OF BE'ER MIRIAM
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021
8. MOVEMENT IN FUNDS
| At 1.1.21 £ Unrestricted funds General fund 835 TOTAL FUNDS 835 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 145,562 TOTAL FUNDS 145,562 Comparatives for movement in funds At 1.1.20 £ Unrestricted funds General fund 1,538 TOTAL FUNDS 1,538 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 93,122 TOTAL FUNDS 93,122 |
Net movement At in funds 31.12.21 £ £ (758) 77 (758) 77 Resources Movement expended in funds £ £ (146,320) (758) (146,320) (758) Net movement At in funds 31.12.20 £ £ (703) 835 (703) 835 Resources Movement expended in funds £ £ (93,825) (703) (93,825) (703) |
|---|---|
Page 9
FRIENDS OF BE'ER MIRIAM
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021
8. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Net | ||||
|---|---|---|---|---|
| movement | At | |||
| At 1.1.20 | in funds | 31.12.21 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 1,538 | (1,461) | 77 | |
| TOTAL FUNDS | 1,538 | (1,461) | 77 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 238,684 238,684 |
Resources Movement expended in funds £ £ (240,145) (1,461) (240,145) (1,461) |
|---|---|---|
9. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2021.
Page 10
FRIENDS OF BE'ER MIRIAM
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021
| INCOME AND ENDOWMENTS Donations and legacies Gifts Donations Gift aid Investment income Deposit account interest Total incoming resources EXPENDITURE Charitable activities Grants to institutions Support costs Governance costs Independent examiner's fee Total resources expended Net expenditure |
2021 £ - 125,861 19,700 145,561 1 145,562 145,600 720 146,320 (758) |
2020 £ (1) 85,031 8,088 93,118 4 93,122 93,105 720 93,825 (703) |
|---|---|---|
This page does not form part of the statutory financial statements
Page 11
FRIENDS OF BE'ER MIRIAM
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
| Page | |
|---|---|
| Reference and Administrative Details | 1 |
| Report of the Trustees | 2 to 3 |
| Independent Examiner's Report | 4 |
| Statement of Financial Activities | 5 |
| Statement of Financial Position | 6 |
| Notes to the Financial Statements | 7 to 10 |
| Detailed Statement of Financial Activities | 11 |