REGISTERED COMPANY NUMBER: 02595407 (England and Wales) REGISTERED CHARITY NUMBER: 1006839
ZEDOKOH BECHOL EIS LIMITED (A COMPANY LIMITED BY GUARANTEE)
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS FOR THE PERIOD 26 MARCH 2021 TO 31 MARCH 2022
Sugarwhite Meyer Accountants Ltd First Floor 94 Stamford Hill London N16 6XS
ZEDOKOH BECHOL EIS LIMITED
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE PERIOD 26 MARCH 2021 TO 31 MARCH 2022
| Page | ||
|---|---|---|
| Reference and Administrative Details | 1 | |
| Report of the Trustees | 2 | |
| Independent Examiner's Report | 3 | |
| Statement of Financial Activities | 4 | |
| Statement of Financial Position | 5 to | 6 |
| Notes to the Financial Statements | 7 to | 12 |
ZEDOKOH BECHOL EIS LIMITED
REFERENCE AND ADMINISTRATIVE DETAILS FOR THE PERIOD 26 MARCH 2021 TO 31 MARCH 2022
TRUSTEES Mr J G Benedikt Mrs H Benedikt COMPANY SECRETARIES Mrs H Benedikt Mr J G Benedict REGISTERED OFFICE 38 Chardmore Road London N16 6JD REGISTERED COMPANY 02595407 (England and Wales) NUMBER REGISTERED CHARITY 1006839 NUMBER INDEPENDENT EXAMINER Sugarwhite Meyer Accountants Ltd First Floor 94 Stamford Hill London N16 6XS BANKERS National Westminster Bank Plc 198 Stoke Newington High Street London N16 7GA
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ZEDOKOH BECHOL EIS LIMITED (REGISTERED NUMBER: 02595407)
REPORT OF THE TRUSTEES FOR THE PERIOD 26 MARCH 2021 TO 31 MARCH 2022
REFERENCE AND ADMINISTRATIVE INFORMATION
The information is shown on page 1 of the financial statements and forms part of this report.
OBJECTIVES AND ACTIVITIES
Objectives and aims
The objects of the charity are: the relief of poverty, the advancement of the Jewish faith by supporting religious and educational institutions both nationally and overseas, and supporting scholars of the Jewish faith by relief of poverty.
The trustees confirm that they have given due regard to the Charity Commission's guidance on public benefit.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
During the year the charity continued its ordinary activities to the satisfaction of the trustees.
FINANCIAL REVIEW
Financial position
The charity continued to receive income from its investments similar to previous years. The trustees were satisfied with the results.
Reserves policy
The trustees do not seek to maintain reserves, other than to ensure that they can continue the activities of the charity Reserves at the year end were £99,968 (2021- £18,103).
STRUCTURE, GOVERNANCE AND MANAGEMENT
Charity constitution
The charity is constituted as a company limited by guarantee and is governed by its Memorandum and Articles of Association dated 26th March 1991.
�Organisation Structure
The day-to-day affairs of the company are administered by the trustees. The power to appoint new trustees is vested in the board. It is not the intention of the trustees to appoint any new trustees. Should the situation change in the future, the trustees will apply suitable recruitment induction and training procedures.
Risk management
The trustees trustees constantly monitor the performance of the charity and have put in place systems to identify the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error,
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 23 March 2023 and signed on its behalf by:
Mr J G Benedikt - Trustee
Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ZEDOKOH BECHOL EIS LIMITED
Independent examiner's report to the trustees of Zedokoh Bechol Eis Limited ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the period 26 March 2021 to 31 March 2022.
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:
-
accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
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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
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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.
E Meyer FCA BSc Sugarwhite Meyer Accountants Ltd First Floor 94 Stamford Hill London N16 6XS
23 March 2023
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ZEDOKOH BECHOL EIS LIMITED
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE PERIOD 26 MARCH 2021 TO 31 MARCH 2022
| PERIOD 26.3.21 TO 31.3.22 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 81,012 Investment income 2 9,430 Total 90,442 EXPENDITURE ON Charitable activities 3 Charitable Activities 95,800 Net gains on investments 87,223 NET INCOME/(EXPENDITURE) 81,865 RECONCILIATION OF FUNDS Total funds brought forward 18,103 TOTAL FUNDS CARRIED FORWARD 99,968 |
PERIOD 27.3.20 TO 25.3.21 Total funds £ 80,197 3,485 83,682 123,870 - (40,188) 58,291 18,103 |
|---|---|
The notes on page 0 form part of these financial statements
Page 4
ZEDOKOH BECHOL EIS LIMITED (REGISTERED NUMBER: 02595407)
STATEMENT OF FINANCIAL POSITION 31 MARCH 2022
| Notes FIXED ASSETS Investments 8 CURRENT ASSETS Debtors 9 Cash at bank CREDITORS Amounts falling due within one year 10 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES CREDITORS Amounts falling due after more than one year 11 NET ASSETS/(LIABILITIES) FUNDS 13 Unrestricted funds: General fund TOTAL FUNDS |
2022 Total funds £ 105,593 31,080 12,194 43,274 (13,899) 29,375 134,968 (35,000) 99,968 99,968 99,968 |
2021 Total funds £ 10,198 61,603 7,139 68,742 (20,837) 47,905 58,103 (40,000) 18,103 18,103 18,103 |
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2022.
The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(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.
The notes on page 0 form part of these financial statements
Page 5
ZEDOKOH BECHOL EIS LIMITED (REGISTERED NUMBER: 02595407)
STATEMENT OF FINANCIAL POSITION - continued 31 MARCH 2022
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 23 March 2023 and were signed on its behalf by:
Mr J G Benedikt - Trustee
The notes on page 0 form part of these financial statements
Page 6
ZEDOKOH BECHOL EIS LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD 26 MARCH 2021 TO 31 MARCH 2022
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 2019)', 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 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.
Income received by way of donations is accounted for when received.
Income from investments is included in the year in which it is receivable.
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 corporation tax on its charitable activities.
Going concern
There are no material uncertainties about the charity's ability to continue.
2. INVESTMENT INCOME
| INVESTMENT INCOME | ||
|---|---|---|
| PERIOD | PERIOD | |
| 26.3.21 | 27.3.20 | |
| TO | TO | |
| 31.3.22 | 25.3.21 | |
| Unrestricted | Total | |
| funds | funds | |
| £ | £ | |
| Syndicate income | 9,430 | 3,485 |
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ZEDOKOH BECHOL EIS LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 26 MARCH 2021 TO 31 MARCH 2022
3. CHARITABLE ACTIVITIES COSTS
| 3. CHARITABLE ACTIVITIES COSTS |
|||
|---|---|---|---|
| Grant funding of activities (see note 4) £ Charitable Activities 92,207 4. GRANTS PAYABLE Charitable Activities The total grants paid to institutions during the period was as follows: Advancement of religion Advancement of education Medical Relief of poverty The total grants paid to individuals during the period was as follows: Advancement of education Medical Relief of poverty |
Support costs (see note 5) £ 3,593 PERIOD 26.3.21 TO 31.3.22 £ 92,207 PERIOD 26.3.21 TO 31.3.22 £ 14,099 27,906 3,249 33,427 78,681 PERIOD 26.3.21 TO 31.3.22 £ 500 2,000 11,026 13,526 |
Totals £ 95,800 PERIOD 27.3.20 TO 25.3.21 £ 121,185 |
Totals £ 95,800 |
| PERIOD 27.3.20 TO 25.3.21 £ 14,212 33,596 5,203 43,419 96,430 PERIOD 27.3.20 TO 25.3.21 £ 1,200 - 23,555 24,755 |
|||
| 24,755 |
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ZEDOKOH BECHOL EIS LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 26 MARCH 2021 TO 31 MARCH 2022
5. SUPPORT COSTS
| SUPPORT COSTS | ||||
|---|---|---|---|---|
| Governance | ||||
| Management | Finance | costs | Totals | |
| £ | £ | £ | £ | |
| Charitable Activities | 324 | 206 | 3,063 | 3,593 |
| Support costs, included in the above, are as follows: | ||||
| Management | ||||
| PERIOD | PERIOD | |||
| 26.3.21 | 27.3.20 | |||
| TO | TO | |||
| 31.3.22 | 25.3.21 | |||
| Charitable | Total | |||
| Activities | activities | |||
| £ | £ | |||
| Bank loan interest | 324 | - | ||
| Finance | ||||
| PERIOD | PERIOD | |||
| 26.3.21 | 27.3.20 | |||
| TO | TO | |||
| 31.3.22 | 25.3.21 | |||
| Charitable | Total | |||
| Activities | activities | |||
| £ | £ | |||
| Bank charges | 206 | 266 | ||
| Governance costs | ||||
| PERIOD | PERIOD | |||
| 26.3.21 | 27.3.20 | |||
| TO | TO | |||
| 31.3.22 | 25.3.21 | |||
| Charitable | Total | |||
| Activities | activities | |||
| £ | £ | |||
| Independent examiner's fee | 840 | 768 | ||
| Independent examiner's other fees | 840 | 768 | ||
| Other office costs | 1,383 | 883 | ||
| 3,063 | 2,419 |
6. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the period ended 31 March 2022 nor for the period ended 25 March 2021.
Trustees' expenses
There were no trustees' expenses paid for the period ended 31 March 2022 nor for the period ended 25 March 2021.
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ZEDOKOH BECHOL EIS LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 26 MARCH 2021 TO 31 MARCH 2022
7. AVERAGE NUMBER OF STAFF
The average number of staff in the year was Nil (2021- Nil)
8. FIXED ASSET INVESTMENTS
| 8. | FIXED ASSET INVESTMENTS | ||
|---|---|---|---|
| Unlisted | |||
| investment | |||
| £ | |||
| MARKET VALUE | |||
| At 26 March 2021 | 10,198 | ||
| Additions | 9,430 | ||
| Disposals | (1,258) | ||
| Revaluations | 87,223 | ||
| At 31 March 2022 | 105,593 | ||
| NET BOOK VALUE | |||
| At 31 March 2022 | 105,593 | ||
| At 25 March 2021 | 10,198 | ||
| There were no investment assets outside the UK. | |||
| Cost or valuation at 31 March 2022 is represented by: | |||
| Unlisted | |||
| investment | |||
| £ | |||
| Valuation in 2021 | 10,198 | ||
| Valuation in 2022 | 95,395 | ||
| 105,593 | |||
| 9. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
| 2022 | 2021 | ||
| £ | £ | ||
| Other debtors | 31,080 | 61,603 |
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ZEDOKOH BECHOL EIS LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 26 MARCH 2021 TO 31 MARCH 2022
| 10. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| £ | £ | ||||
| Bank loans and overdrafts (see note 12) | 10,000 | 10,000 | |||
| Other creditors | 684 | 684 | |||
| Loan-Anpride Ltd | - | 6,500 | |||
| Accruals and deferred income | 3,215 | 3,653 | |||
| 13,899 | 20,837 | ||||
| 11. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||
| 2022 | 2021 | ||||
| £ | £ | ||||
| Bank loans (see note 12) | 35,000 | 40,000 | |||
| 12. | LOANS | ||||
| An analysis of the maturity of loans is given below: | |||||
| 2022 | 2021 | ||||
| £ | £ | ||||
| Amounts falling due within one year on demand: | |||||
| Bank loans | 10,000 | 10,000 | |||
| Amounts falling due between two and five years: | |||||
| NatWest Bank loans - 2-5 years | 35,000 | 40,000 | |||
| 13. | MOVEMENT IN FUNDS | ||||
| Net | |||||
| At | movement | At | |||
| 26.3.21 | in funds | 31.3.22 | |||
| £ | £ | £ | |||
| Unrestricted funds | |||||
| General fund | 18,103 | 81,865 | 99,968 | ||
| TOTAL FUNDS | 18,103 | 81,865 | 99,968 | ||
| Net movement in funds, included in the above are as follows: | |||||
| Incoming | Resources | Gains and | Movement | ||
| resources | expended | losses | in funds | ||
| £ | £ | £ | £ | ||
| Unrestricted funds | |||||
| General fund | 90,442 | (95,800) | 87,223 | 81,865 | |
| TOTAL FUNDS | 90,442 | (95,800) | 87,223 | 81,865 |
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ZEDOKOH BECHOL EIS LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 26 MARCH 2021 TO 31 MARCH 2022
13. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| At 27.3.20 £ Unrestricted funds General fund 58,291 TOTAL FUNDS 58,291 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 83,682 TOTAL FUNDS 83,682 |
Net movement At in funds 25.3.21 £ £ (40,188) 18,103 (40,188) 18,103 Resources Movement expended in funds £ £ (123,870) (40,188) (123,870) (40,188) |
|---|---|
14. RELATED PARTY DISCLOSURES
There were no related party transactions for the period ended 31 March 2022.
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