The Good Deed Foundation Report and Financial Statements Year Ended 31 December 2020 Registered Charty Number 1041053
The Good Deed Foundation Report and financial statements for the year ended 31 December 2020 Contents Page: Report of the Iruslees Independent examinerfs report Statement of ffinancial activities Balance sheet Notes forming part of the financial statements Trustees M Weiss A McCorma¢k N Bradley Registered address 1 Manchester Square, London, W1 U 3AB. Reglstered Charity number 1041053 Independent examiner stuart McKay Bse FCA DChA MHA Maclntyre Hudson, 2 London Wall Place, London, EC2Y SAU. Bankers Barclay5 Bank plc, One Churchill Place, London, E14 5HP Julius Baer & Co Ltd, Bahnhotstrasse 36, PO Box, CH - 8010, Zurich
The Good Deed Foundation Report of the Trustee8 for the year ended 31 December 2020 (Continued) Trustees. responsibilities The Trustees are responsible for preparing the Annual report and the financial ststements in accordance with applicable law and regulations. Charity law requires the Truslees to prepare financial statements for each financial year in accordance with United Kingdom Generally Accepted Accounting Practice Iuniled Kingdom Accounting Standards and applicable lawl. Under charity law the Trustees musl not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing these financial statements, the Tiustees are required to.. select suitable accounting policies and then apply them consistently., make judgements and accountsng estimates that are reasonable and prudent", stale whether applicable UK Accounting Standards have been followed, subject to any material departure5 disclosed and explained in the financial statements", and prepare the financial stslemenls on the going concern basis unless il is inappropriate to presume that the charity will continue in business. The Trustees are responsible for keeping proper accounting records that are sufficient lo show and explain the charity's transaction5 and disclose with reasonable accuracy al any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011. They are a150 responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of traud and other irregularities. Approved by the Trustees and signed on thgir behalf by N Bradley Trusteg Dale.. 11 |to[lo£l
The Good Deed Foundation Report of the Independent Examinerfs for the year ended 31 December 2020 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE GOOD DEED FOUNDATION I report to the Trustees on my examination of the accounts of The Good Deed Foundation for the year ended 3lDeMber 2020, which are sel out on pages 5 to 11. Responsibilities and basis for report As the charity Trustees of the Foundation you are responsible for the preparation of the accounts in aG¢ordance with the requirements of the Charities Act 2011 1"the Act"}. I report in respect of my examination of the Foundation's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145151{bl of the Act. Independent examinerfs statement I have completed my examinatson. I confiThn that no material matters have come to my attention in connects'on with the examination giving me Cause to beIve that in any material respect. accounting records were not kept in respect of the Trust as required by section 130 of the A¢t". or 2, the a¢¢ounts do not accord with those records., or 3. the accounts do not comply with the applicable Tequiremenls ¢on¢erning the form and content of the accounts sel out in the Charities (Accounts and Reports) Regulation$ 2008 other than any requirement that the accoLJnls 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 lo enable a proper understanding of the accounts to be reached. Stuart McKay Bsc FCA DChA for and on behalf of MHA Maclntyre Hudson Chartered Accountants 2 London Wall Place London EC2Y SAU Date.. 1511012021
The Good Deed Foundation statement of Financial Activities for the year ended 31 December 2020 Note Unrestricted funds Unrestricted lunds 2020 2019 Inme Donations 76.841 93,159 Total incorne 76,841 93,159 Expendlture Charrfcable activities 179.8201 (92,622) Total expendlture 79,8201 {92,622) Net Incomel{exDdilUre) (2,979) 537 Balance brought forward 658 121 Balance carrled forward (2.3211 658 The Charity made no recognised gains or losses in the year other than the movemenl in net funds set out above. All Income and expenses derive from continuing operations. All fvnd5 a unreslricled funds. The notes on pages 7 to 11 fom) part of these financial slatements.
The Good Deed Foundation Balance sheet AS at 31 December 2020 Note 2020 2019 Current assets Cash at bank and in hand 5,058 79 5.058 Current Ilabllltles Creditors falling due within one year 2,4001 {4,400) Net assets 12,321) 658 Unrestrlcted funds General fund {2,3211 658 The financial ststements were approved by the Trustees and aulhorised for issue on Signed on behalf of Ihe Trustees N Bradley Trustee Dale Iilio12oEI The notes on pages 7 10 11 form part of these financial stalements.
The Good Deed Foundation Notes forming part of the financial statements for the year ended 31 December 2020 Accountlng pollcles The accounts Ifinancial statemenlsl have been prepared in accordance with the Statement of Recommended Practice.. Accounts'ng and Reporting by Charities pparIng their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland {FRS 1021 and the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1 January 2015. The accounis (financial statements) have been prepared lo give a'true and fair, view and have departed from the Charities (Accounts and Reports} Regulations 2008 only to the extent required lo provide a 'true and fair view,. This departure has involved following Accounting and Reporting by Chanties preparing their account5 in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 issued on 16 July 2014 rather than the Accounling and Reporting by Charities.. Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn. The Foundation constitutes a public benefit entity as defined by FRS 102. The financial statements are prepared in £ steding, the fvnctional currency, rounded to the nearest £1. The Financial Statements are prepared on the going concern basis which assumes that The Good Deed Foundation will continue in operational existence for the foreseeable future. The 8oard of Trustees have considered the working capital and cash flow requirements and consider that Ihe current and forecast cash resources are sufficient lo cover the working capital requirements of the Charity for gt least 12 months from the signing dale of these financial sl8temenls. There are no significant areas of judgement nor key accounting estimates that affecl items in the financial statements. Accounting conv8ntion The accounts have been prepared under the historical cost convention. Fund accounting Funds held by the Charity are unrestricted funds. Incom8 All income is recognised once the Charity has entitlement lo the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. Donations and the related gift aid lax are accounted for on receipt. Investment income is accounted for on a receivable basis. Expendrfure All expenditure is accounled for gross. on an accrua15 basis. Expenditure is recognised once there is a legal or constructive obligation lo transfer economic benefit to a third party, il is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably Grants payable are payments made lo thir(I parties in the furtherance of the charitable objectives of the Foundation. The grants are accounted for where either the Trustees have agreed to pay the grant without condition and the recipient has a reasonable expectation that they will receive a grant. or any condition attaching lo the grant is outside the control of the Foundation. Foreign currency Foreign currency transactions of the Foundation a translated al the rates ruling when they occurred. Foreign currency monetary assels and liabilities are translated at the rates ruling al the balance sheet dales. Any differences are taken to the profit and loss a¢¢ount.
The Good Deed Foundation Notes fom)ing part of the financial statements for the year ended 31 December 2020 (continued) Accountlng policies (continued) Cash 17ow statement The accounts do not include a cash flow statement because the Charity, as a Small reporting entity, is exempt from the requirement to prepare a cash flow slalemenl under the Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accoidance with the UK Generally ACpted Accounting Practices (UK GAAPI. Allocation ofov8rhead and support costs Overhead and support costs have been allocated entirely lo charitable activities. These G05ts have been attributed lo the type of charrtable activity on a prts-rata activity cost by total cost basis. Governance costs are considered akin lo support costs and have been allocated on Ihe same basis. Realised gains and losses All gains and losses are taken to the statement of financial activities as they arise. Financial inslmments The Charity only holds basic Financial Inslrumenls. The financial assets and financial Irdbilities of Ihe Charity are as follows.. Debtors- trade and other debtor lincluding accrued income) are basie financial instruments and are debt instruments measured at amortised cost. Financial liabilities trade creditors, accruals and other creditors are financial instruments. and are measured al amortised cost. Deferred income is not deemed to be a financial Iiabilily, as the cash settlement has already taken place and the is an obligation lo deliver seeS rather than cash or another financial inslwment. Accounting estimat8s and judg8ments In the application of the Charity's accounting poIles, the Trustees are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilib.es that 8re 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 resuks may differ from these e$timate$. The esb'males and underfying assumptions are reviewed on an ongoing basis. Revisions to accounting estsmales are recognised in the period in which the estimate is revised if the revision affects only that period or in the period of the revision and future periods if the revision affects both current and future periods. The Trustees do not consider there are any critical judgements or sources of eslirnalion uncertainty requiring disclosure beyond the accounting poIleS listed above. Related party transactions The following related party transacth)ns arose during the year.. The Foundation made grants lotalling £70,59012019.. £73,925) lo The Keren Mitzvah Trust, a charity administrated from the same address an¢J with common trustees. A gfanl of £500 was also received from The Keren Mitzvah Trust in the year12019.. £Nil}. Aggregate donations income received without conditions attached from Trustees and their related parties during the year was £73,34112019. £93.159)- Trustees. romuneratlon The Trustees received no remuneration in respect of their services to the Charity12019.' £Nil) and were not reimbursed any expenses12019". £Nill.
The Good Deed Foundation Notes fomiing part of the financial Statements for the year ended 31 December 2020 (continued) Voluntary Income 2020 2019 Donations 76.841 93,159 All donations receNed in the current and prior year were Unrestricted. Analysls of charitable expenditure The Foundation undertook no direct charitable activities bul awarded grants in furtherance of ils eharitable aclivilies. Details of the grants awarded can be found in note 6. Grants Made Support Costs 2020 Dirèct charltable expenditure: Religious advancement Education Other 1,392 4.845 70,590 1,446 5,034 73,340 189 2,750 76,827 2,993 79,820 Grants Made Support Costs 2019 Direct charitable expendlturg: Religious advancement Education Other 4,475 9.832 73,925 223 489 3,678 4,698 10,321 77,603 88,232 4,390 92,622 2020 2019 Support Costs: General Expenses Exchange rate VarianGe Governance costs- Independent examinerfs fee 316 (1831 2.860 361 1,629 2,400 2,993 4,390 All expenditure in¢urred in the current and prior year was from UnStrIcted funds. The Foundation has no employees {2019'. none}.
The Good Deed Foundation Notes fomiing part of the financial statements for the year ended 31 December 2020 (continued) Charitsble grants All grants made during the year were lo institutions. The following charitable grants have been made.. 2020 2019 Religious advancement Chadbad Chadbad of Wyoming 4,475 1.392 1.392 4,475 Educatlon Merkos Linyonei Chinuch Chadbad Cayman Jewish Centrg Manhot H'Bashat 3.931 5,901 9,832 Other general charitable grants Keren Mitzvah Trust 70,590 73,925 70,590 73,925 Total charitable grants 76,827 88,232 10
The Good Deed Foundation Notes fom)ing part of the financial statements for the year ended 31 December 2020 (continued) Creditors falling due wlthin one year 2020 2019 Trade Creditors Accruals 2,000 2,400 2,400 2,400 4,400 11