REGISTERED CHARITY NUMBER: 1044458
REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2021 FOR KEREN HAYELED CHARITABLE TRUST
MAP Accounting Ltd Chartered Certified Accountants 26 Oakfield Avenue Harrow HA3 8TJ
KEREN HAYELED CHARITABLE TRUST
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2021
| Page | |
|---|---|
| Report of the Trustees | 1 |
| Independent Examiner's Report | 2 |
| Statement of Financial Activities | 3 |
| Balance Sheet | 4 |
| Notes to the Financial Statements | 5 to 6 |
| Detailed Statement of Financial Activities | 7 |
KEREN HAYELED CHARITABLE TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 5 APRIL 2021
The trustees present their report with the financial statements of the charity for the year ended 5 April 2021. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' issued in March 2005.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1044458
Principal address 78 St Margarets Road Edgware Hertfordshire HA8 9UU
Trustees R Z Godlewsky Y Freidman Z Polias
Independent examiner MAP Accounting Ltd Chartered Certified Accountants 26 Oakfield Avenue Harrow HA3 8TJ
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes an unincorporated charity.
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.
Approved by order of the board of trustees on 16 December 2021 and signed on its behalf by:
R Z Godlewsky - Trustee
Page 1
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF KEREN HAYELED CHARITABLE TRUST
I report on the accounts for the year ended 5 April 2021, which are set out on pages three to six.
Responsibilities and basis of report
As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I have examined your charity's accounts as required under section 145 of the Charities Act 2011 ('the 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.
My role is to state whether any material matters have come to my attention giving me cause to believe:
-
that accounting records were not kept as required by section 130 of the Act; or
-
that the accounts do not accord with those records; or
-
that the accounts do not comply with the accounting requirements of the Act; or
-
that there is further information needed for a proper understanding of the accounts.
Independent examiner's statement
I have completed my examination and have no concerns in respect of the matters (1) to (4) listed above and, in connection with following the Directions of the Charity Commission I have found no matters that require drawing to your attention.
MAP Accounting Limited Chartered Certified Accountants 26 Oakfield Avenue Harrow HA3 8TJ
16 December 2021
Page 2
KEREN HAYELED CHARITABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2021
| 2021 | 2020 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| INCOMING RESOURCES | |||
| Incoming resources from generated funds | |||
| Voluntaryincome | 250,689 | 70,897 | |
| RESOURCES EXPENDED | |||
| Charitable activities | |||
| Administrative expenses | 265,922 | 67,747 | |
| United Kingdom | 685 | 1,431 | |
| Total resources expended | 266,607 | 69,178 | |
| NET INCOMING/(OUTGOING) | |||
| RESOURCES | (15,918) | 1,719 | |
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | (2,108) | (3,827) | |
| TOTAL FUNDS CARRIED FORWARD | (18,026) | (2,108) |
The notes form part of these financial statements
Page 3
KEREN HAYELED CHARITABLE TRUST
BALANCE SHEET AT 5 APRIL 2021
| Notes 2021 Unrestricted fund £ CURRENT ASSETS Debtors 3 4,912 Cash at bank 2,062 6,974 CREDITORS Amounts falling due within one year 4 - NET CURRENT ASSETS 6,974 TOTAL ASSETS LESS CURRENT LIABILITIES CREDITORS Amounts falling due after more than one year 6,974 (25,000) NET ASSETS (18,026) FUNDS Unrestricted funds 5 (18,026) TOTAL FUNDS (18,026) |
2020 Total funds £ - 8,362 8,362 (10,470) (2,108) (2,108) - (2,108) (2,108) (2,108) |
|---|---|
The financial statements were approved by the Board of Trustees on 16 December 2021 and were signed on its behalf by:
R Z Godlewsky -Trustee
The notes form part of these financial statements
Page 4
KEREN HAYELED CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2021
1. ACCOUNTING POLICIES
Accounting convention
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), the Charities Act 2011 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.
Incoming resources
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
Resources expended
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.
Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet 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. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 5 April 2021 nor for the year ended 5 April 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 5 April 2021 nor for the year ended 5 April 2020.
3.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
4.
| Other debtors CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Other Creditors |
2021 £ 4,912 2021 £ |
2020 £ |
|---|---|---|
| 2020 £ 2,880 7,590 |
Page 5
KEREN HAYELED CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 5 APRIL 2021
5. MOVEMENT IN FUNDS
| At 6.4.20 | Net movement in funds |
At 5.4.21 |
|---|---|---|
| £ | £ | £ |
| Unrestrictedfunds | ||
| General fund (2,108) |
(15,918) | (18,026) |
| TOTAL FUNDS (2,108) |
(15,918) | (18,026) |
| Net movement in funds, included in the above are as follows: | ||
| Incoming | Resources | Movement in |
| resources | expended | funds |
| £ | £ | £ |
| Unrestrictedfunds | ||
| General fund 250,689 |
(266,607) | (15,918) |
| TOTAL FUNDS 250,689 |
(266,607) | (15,918) |
| Comparatives for movement in funds | ||
| Net movement | ||
| At 6.4.19 | in funds | At 5.4.20 |
| £ | £ | £ |
| UnrestrictedFunds | ||
| General fund (3,827) |
1,719 | (2,108) |
| TOTAL FUNDS (3,827) |
1,719 | (2,108) |
| Comparative net movement in funds, included in the above are as follows: | ||
| Incoming resources £ Unrestrictedfunds |
Resources expended £ |
Movement in funds £ |
| General fund 70,897 |
(69,178) | 1,719 |
| TOTAL FUNDS 70,897 |
(69,178) | 1,719 |
- Creditors: amounts falling due after more than one year
Bank Loans £25,000 (2021)
Page 6
KEREN HAYELED CHARITABLE TRUST
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2021
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| INCOMING RESOURCES | ||
| Voluntary income | ||
| Donations | 250,689 | 70,897 |
| Total incoming resources | 250,689 | 70,897 |
| RESOURCES EXPENDED | ||
| Charitable activities | ||
| Insurance | 194 | |
| Advertising | 185 | 207 |
| Accountancy fees | 500 | 1,030 |
| Grants to individuals | 265,922 | 67,747 |
| Support costs | 266,607 | 69,178 |
| Finance | ||
| Bank charges | ||
| Total resources expended | 266,607 | 69,178 |
| Net (expenditure)/income | (15,918) | 1,719 |
This page does not form part of the statutory financial statements
Page 7