Company Registration Number- 03031808 The Charity Registration Number is =_ 1045149 The Feinmann Trust Report and Accounts 30 September 2022
The Feinmann Trust Report and accounts for the year ended 30 September 2022 Contents Page Charity infomiation Trustees. AnnLbal Rèport Statement of trustees. responsibilities Indèp•nd•nt •xamln*rs' raport Funds Stat•mènts.'. Statement of Financial Activiti&s Statement of Financial Activities Prior Year statement Movements in funds Income and Expenditure account 10 Balance sheet Notes to the accounts 12
The Felnmann Tru$t Company Registration Number- 03031808 Trustees. Annual Report for the year ended 30 September 2022 The Trustees psent their Report and Accounts for the year ended 30 September 2022, which also comprises the Directors, Report required by the the Companies Act 2006. Reference and administrativ8 detsils The charitynamo. The legal name of the Charity is... The FeSDrnann Trust The ¢harltys areas operatlon and UK charftable reglstratlon. The charity is registered in England & Wales with th8 Charity Comrnis8ion in England & Wales ICCEWI with charity number 1045149 Legal structure of the charity The charity is a company litnited by guarantee and is govemed by the tnemorandurn and articles of asstriation adopted on incorporation on 10 March 1995 85 amended by certificate of in(x)rporation on change of name dated 6 June 2017. The are no $trict10n$ in the goveming documents on the operation of the Charity or on its investment power5 Other Ihsn those imposed by Charity Lsw. By operation of law all, trustees are directors under the Companies Act 2006 and all directors are tru5lees under Charllies Il$latIon and have responsiblllties. as such. under both company and ¢hadty14islats"on. The trustees are all individual5. The prlnclpal operalln9 address. telephone number, emall and web addre$$es of the ¢harl¢y are.'- Belong Morris Feinmann 178 Palatine Road. Didsbury Man¢hester, M20 2YVV Telephone 01614913788 Email Addr8ss eric18ng8r@18ng8r.co.uk Web address https".Illhefeinrnannlrust.org.ukl Th8 registered office of the charity for Compani8s Acl purposes i8..- 8-10 Gatley Road Ch8ad18, Cheshire SK8 1PY
The Felnmann Tru$t Company Registration Number- 03031808 Trustees. Annual Report for the year ended 30 September 2022 Th8 Trustees in office on tho date the report was approved were-. Helen Lister Alan Hyams Vivi8nn8 Alexand8r Neil Sugarman- appointed 13112121 Richard Stone- appointed 1817122 The following persons served as Trustees during the year ended 30 September 2022 -_ Jonathan Harry Winston Engler- resigned 1717122 lan Paul- r8signed 1717122 Oble¢ts and actlvllle$ of the ¢harlty The purposes of the ¢harity as set oul in its governing document. The object of the charity is to tnake provision for the relief of aged or needy persons who are of the Jewish faith or je8h origin or extraction in a manner commensurate with their need8 as the directors of the charity consider appropriate. Grant makingpolici85 and how these contnbuted to the achievementof the charity& aims and objectives during the year. Apsrt from supporting residents financially the trust has assisted 8elong in making their Didsbury Village suitable for Jewish residents. The maln a¢hlevement$ and perfornian¢e of the ¢harlty durlng the year. The New Belong Morris Feinmann Village in Didsbury opened in June 2017. The Charity now fuifils its aims in the following ways.. Contributing towards the m8n8gement of Batheld House where sales of long leasehold apartments contribute to our charitable funds. Assisting Belong in ensuring the Didsbury Village has a Jewish ethos and is a comfortable environrnent for Jewish residents. Fee support for eligiiJe applicants unable lo meet the full fees being the full ¢oast less lo¢al authority supwrt. The Iruslees have had regard lo the Charity Comrnission's guidan on public benefit in rnanaging the activities of the charity.
The Felnmann Tru$t Company Registration Number- 03031808 Trustees. Annual Report for the year ended 30 September 2022 structurei governance and management of the Charity The methods used to recrult and8ppolnt new ch8rlty trustees. Truste88 are appoinl8d at th8 AGM to seNe a term of no more than thre8 years, one third of th8 Trusl8&s retire by rotation each year and are eligible for reappointment in the sarne year. Bankers Bank of S¢otland, 19-21 Spring Gardens, Manchester, M2 1 EB N8tWe5t, Warringion Street, Ashton Under Lyne, Greater Manchester, OL6 Soli¢itrirs Investment advisors Kuit Steinart Leyy, 3 Sl Msrys Parsonage. MEnchester, M3 2RD Brooks Macdonald Asset Management Limited, 21 Lombard Street. London. EC3V 9AH Flnanclal revlew The charity& financialp05Ition at the end of the year ended30 September 2022 The financial position of the ¢harity at 30 September 2022 and Comparatives for the prior period. as MO fully d81ai18d in the accounts, can be summaris8d as follows:_ 2022 2021 Net lexpenditureyincome 1285.4431 304.318 Unrestricted Revenue Fund5 available for the general purposes of the charity Total UnrestrlGted Fund$ 2.274.309 2.559.250 2,274,309 2,559,250 Reslricled Revenue Funds Total Restricted Funds 59.854 59,854 60.356 60,356 Endowm8nt R8venu8 Funds Total Endowment funds 55,293 55,293 55,293 55,293 Total Funds 2,389,456 2,674,899 Financial review of theposition at the reporting dat4 30 September 2022. The Charity made an overall deficit of Q85,443, CoMpad to last year's surplu8 of £304,316. (Y this unr8Stricted funds made a deficit of £284,941, 8ft8r Sccounling for £329,748 unr8ali5ed losses on investrnentS, compared to a surplus of £303.696. after a¢¢ounting for £345.381 unrealised gains on investments. last year. Restricled funds made a defiut of £502 compared Io 8 surplus of £620 last ye8r. Poli¢i•s on r•s•rv•s. The Trustees aim to hou sufficient reserves to meet its aims.
The Felnmann Tru$t Company Registration Number- 03031808 Trustees. Annual Report for the year ended 30 September 2022 Availability andadequacy of assets of each of the funds The board of trustees is satisfied that the ¢harity's assets in ea¢h fund are available and adequate to fulfil its obligation5 in respect of each fund. Detalls of The Independent Examlner Eri¢ Langer BS¢ FCA Chartered Accountant 8-10 Gatley Road Cheadle Cheshire SK81PY Statement of Trustees Responsibilities The chariws trustees are responsible for the preparation of the accounts in accord2nce wth the temis of the Companies Act 2006, the charities Act 2011 and the Ch8rilies IAccounts and Reports) Regulations 2008. Notswithstsnding the explicit requirement in the extant ststulory rUlatiOnS.1he Charities {AOUnts and Reports) Regulations 2008, to prepare the financial ststement5 in accordance wth the SORP 2D05, in view of the fa¢1 that the SORP 2005 has been wilhdra¥vn. the Trustees determined lo Interpt this SponSIbl111Y as requiring them to follow current best practi and pr8pare the accounts sccording to th8 FRS 102 SORP (Statement ol Recommended Practice lor Accounting and Reporting by Charities) 2015.las amended by the Bulletin issued in October 2018 and applicab18 to all accounting periods b8ginning on 8ft8r 1st January 20191, (The SORPI. In particular, the Companies Act 2006 and charity law require the Board ol Trustees lo prepare financial stst8m8nts for each fin8nci81 y88r which give a true and fair view of th& state of affairs of the charity as at th8 end of the financial year and of the suiplus or deficit of the charity. In pParIng those financial statements the Board is required to:. - to pr8par8 th8 8ccounts in accordance with Unit8d Kingdom Gen8rally Acc8Pted Accounting Practice Iunited Kingdom Accounting Standards and applicable lawl. sele¢t suitable a¢¢ounting policies and apply them ¢onsistently'. make judgements and estimates that are reasonable and prudent.. prepare the financial statements on the going concem basis unless it is inappropriate to presume that the charity wll continue in business., stat8 whether 8pplitAb18 accounting standards and statements of re¢ommended practice have been followed, subject to any material departures disclosed and explained in the financial statements.. The law requires that the trustees must not approve the accounts unless they are satisfied that they give a true and f8ir view of the state of affairs of the charity and of the surplus or deficit of the charity for the year.
The Felnmann Tru$t Company Registration Number- 03031808 Trustees. Annual Report for the year ended 30 September 2022 The Trustees are also responsible for tnaintaining adequate acwunting rewrds which disclose with reasonable accuracy at any time the financial position of the charity 8nd which are sufficient lo sh¢)w and explain the charit8 transactions and enable them to 8nsur8 that the financial statements comply wth the Companies Act 2006 and wmply with gUlatIOnS made under Charities Act. They a also responsible for safeguarding the 8SS8ts of the charity and h8nc8 for taking reasonab18 St8ps for th8 prevention 8nd detection of fraud 8nd other irregularities. The Trustees are also responsible for the contents of the Trustees, rew)rt. and the statutory responsibility of th8 Ind8P8ndent Examiner in relation to th8 Trust888' report is limited to eX8mining the report 8nd ensuring that on the face of the rewrt. there are no tnaterial incon515tencies with the figures disclosed in the financial statements. Method of preparation of accounts- Small company provisions The financial statements a sel out on ge$ 7 10 23. The financial statements have been prepared implementing the FRS 102 SORP Islatement of Recommended Practice for Accounting and Reporting by Charities) 2015, las amended by the 8ulletin issued in October 2018 and applicable lo all accounting pericd8 binnirng on or after 1st January 20191. IThe SORPI, and in accordance with the Financial Reporting Standard 102, lefteclive 1st January 20161 Th8S8 financial stal8m8nts hav8 be8n prepar8d in accordanc8 Wlth the provision8 in Part 15 of the Companies Acl 2006. applicable to companies 5ubj8et to the 5rn811 comp8ni88 r8gim8. 2610612023 This report was approved by the board of tIU5tees on Alan Hyarns Director and Trustee
Th8 Feinmann Trust Independent examiner's report to the tru5te8s of The Feinmann Trust I'the Company'l I report lo the charity trustees on my examination of the accounts of the Company for the y8ar ended 30 September 2022. Responslbllltles and basls of report As the ¢h8rily's trustees of the Company land also Its 1ctorS for the purposes of company lawl you ar8 responsible for th8 pr8paration of the 8ccounis in accordanc8 Wlth th8 requir8rnents of the Companies Act 20061.the 2006 Act'i. Having satisfied rnyse that the accounts of the Company are not required to be audited under Part 16 of the 2006 A¢t and are eligible for Independent examin8lion. I rewrt in respe¢l of my 8xarnination of your charity's accounts 88 carried out under section 145 of the Charities Act 2011 I'the 2011 Act'l. In carrying out my examination I have followed the Dire¢llons given by the Charity Commission under s8Ction 145151 Ibl of th8 2011 Act. Independent Examiner's Statement- matter of concem identified I h8ve completed my examination. I have identified matters of concem that give me reasonable t2USÈ to believe that the zccounls prepared for the Cotnpany are not fvlly cornpliant with the accounting requirernents of section 396 of the 2006 Act and have not been prepared fully in accord8nce with the method8 and prinCipS of the Statement of Recofflmended Practice for accounting and reporting by charities. The freehold interest has been included at valuation plus Cost of subsequent deVelOpment. as disclosed In notes to the ac¢ounts. The valuation should have b88n based at the tim8 of construction and di5coun18d over th8 te of the leas8, and not on the basis shown in notes to the a¢¢ounts. I confirm that no other matters have come to my attention in connection with the examination giving me reaSonae c2use to believe.. 1. a¢counting re¢or¢s were not kept in respect of the Company as qUId by section 386 of the 2006 Act., or 2. the accounts do mt accord with those r8cords,' or 3. the a¢¢ounts 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 4. the accounts have not been prepared in accordance wth the methods and princip$ of the Statement of Recommended Practice for ae¢ounting and reportsng by charities lapplicable to charities preparing their accounts in accordance wth the Financial Rewrting Standard appli¢at>le in the UK and Republic ol Ireland IFRS 10211. I h8ve no concerns and have come across no other matters in connection to the examin8tion to which attention should be drawn in this report in order lo enable a proper understanding of the accounts to be [Ched. Eric Langer Bsc FCA Chartered A¢¢ountant 8-10 Gauey Road Cheadle Cheshir8 SK8 1PY This r8POrt was signed on . 27 Juno 2023
The Felnmann Trust- Statement of Flnanclal A¢tlvltles for the year ended 30 September 2022 Statement of Financial Activities {in¢luding the Income and Expenditu A¢¢ount for the year ended 30 September 2022. 8s requlred by the Comp8nles Act 2006) SORP Ref Current year Current year Current year Current year Unre5trict8d Restricted Endowm8nt Total Funds Fund5 Funds Funds Prior Year Total Funds 2022 2022 2022 2022 2021 Income & Endowments from: Donations & Legacies Charitable actimties Other trading activities Investments A1 51.606 355 51,961 7.435 49,043 1,790 41.052 1,530 1,530 Y.743 A4 54,743 Total ineorne 106,349 1,885 108,234 99,320 Expenditure on= Raising funds Charitable actimties B1 B2 13,354 110.785 982 1,405 14.336 112,190 13,301 139,970 Total expenditure 124,139 2,387 126.526 153,271 Net gains on investments B4 1267.1511 1267.1511 358.267 Net lèxpenditurellineome ftsr the year 1284,9411 15021 1285,4431 304,316 Net income after transfers A-B-C 1284,9411 15021 1285.4431 304,316 Net movement in funds 1284,9411 15021 1285.4431 304,316 Re¢on¢lllatlon of funds:. Total funds brouglrt forward 2,559,250 60,356 55,293 2.674.899 2,370,583 Total funds carrfed forward 2,274,309 $9,854 55,293 2,389.456 2,674,899 The'SORP Ref Indicated above is the ¢lassifi¢alion of Inwme sel out in the formal SORP documents. As QuIred by paragraph 4.60 of the SORP, the brought forward 8nd c8rried forward funds above have been agreed to the Balance Sheet. A Statement of Total Recognised Gains and Losses Is Included as a primary statement in these accounts. I1 activities derive frotn continuing operation5 The notas attached on pages 12 to 23 form an integral part of thes8 accounts.
The Felnmann Trust- Statement of Flnanclal A¢tlvltles for the year ended 30 September 2022 The Felnmann Trust. Analysls of prlor year totsl funds. as requlred by paragraph 4.2 of the SORP SORP Ref Prlor Year Unrestricted Fund5 2021 Prlor Year Restricted Fund5 2021 Prlor Year Prlor Year Endowment Total Fund$ Funds 2021 2021 Income & Endowments from: Donations & Legacies Charitable a¢tivities Other trading actimties Investment5 A1 6,934 49.043 501 7,435 49,043 1.790 41,052 1,790 A4 41,052 Total income 97,029 2,291 99,320 Expendlture on: Raising funds Ch8ritabl8 actiwt188 B1 12.762 138,838 539 1,132 13,301 139.970 B2 Totsl expendlture 151,600 1,671 153,271 Net gains on investments B4 358,267 358,267 Net Income for the year 303.696 620 304,316 Transf8r5 b8tween funds Net income after transfers 303,696 620 304,316 Net movement in funds 303,696 620 304.316 Reconclllatlon of funds:. Totsl fvnds brought fotward 2.255.554 59.736 55.293 2,370,583 Total funds carried forward 2,559,250 60,356 55,293 2,674,899 All activities derive from continuing operations A St8tem8nt of Total Recconised Gains and Losses is included in these accounts as a separa18 primary st8tement The notes attached on page8 12 to 23 form an integral part of these accounts.
The Felnmann Trust- Statement of Flnanclal A¢tlvltle$ for the year ended 30 September 2022 The Feinmann Trust statement of Total Recogni5ed Gain5 and Losse5 forthe year ended 30 September 2022 1$ 2022 2021 Surpluslldeficitl for the year Net excess of Income over expendfture from operations befo tax 118,2921 153,9511 In¢ome from operatlons before tax In the Statsment of Flnan¢lalA¢tlvltes 118,2921 153,9511 Realised gains on the disposzl of inve5trnents 82.597 12,886 Surplus/(deficitJ as shown in the Income and Expenditure account 44.305 141,0651 Add/(dedu¢tJ non Income and expendlture Items... Unreali58d IIOss8sygains on investments 1329,7481 345,381 Net Movement In funds before taxatlon 1285.4431 304.316 Taxation arising in the year Funds generated in the year as shown on Statement of Financial Activities 285.443 304,316 The Feinmann Trust. Resources applied in the year ended 30 September 2022 towards fixed assets for Charity U5e=. 2022 2021 Funds gen8rated in th8 y88r as detailed in the SOFA Net resources avallable to fund charltable 8Ctlvltles 285,443 285.443 304,316 304,316 Movements In revenue and capltal funds for the year ended 30 September 2022 Revenue accumulated fund5 Unrestricted Restricted Funds Funds 2022 2022 Endowment Funds 2022 Total Funds 2022 Last year Total Funds 2021 Accumulat8d funds brought forward Recogni5ed gains and Ioss8s b8fore transfers 2,559,250 60,356 55,293 2,674.899 2.370,583 284.9411 2,274,309 15021 59,854 28S,443 2,389,456 304,316 2,674,899 55,293 Closing revenuo funds 2,274,309 59,854 55,293 2,389,456 2,674,899 Summary of funds Unrestricted Restricted and Funds Designated funds 2022 Endowment Funds Total Funds Last Year Totsl Funds 2022 2022 2022 2021 Revenue accumulated funds 2,274,309 59,854 55,293 2.389.456 2.674.899 The notes attached on pages 12 to 23 form an integral part of these account5.
The Felnmann Trust- Statement of Flnanclal A¢tlvltles for the year ended 30 September 2022 The Feinmann Trust Income and Expendlture Account for the year ended 30 September 2022 as requored by Ihe Companles Act 2006 2022 2021 Incom& Income from operations Gains on the disposal of investments 53,491 62,597 58,268 12,886 Iestment income Income from investments. other than interest receivable Interest rec8ivabl8 54.739 41.050 Gross In¢ome In the year before ex¢eptlonal Items 170,831 112,206 Gr055 incorne in the year including exceptional item5 170,831 112,206 Expendfftre Charitab18 expenditure, excluding depr8eiation and amortisation Fundraising costs Gov8rnanc8 C08ts 109,850 14,336 2,340 13T.690 13.301 2,280 Total gxpenditure in th9 year 126,526 153,271 Extraordinary items Net income before tsx in the financial year 44,305 141,0651 Tax on surplus on ordinary a¢tivities Net income after tax in the financial year 44,305 141,0651 Retained surplus for the financial year 41,065 All activities deriv8 from continuing op8rations Ir? accordance with the promsions of the Companies Act 2006, the headings and subheadings used in the Incorne and Expenditure account have been ad8Pted to reflect the special nature of the charity's activities. The nole$ atta¢hed on pages 12 10 23 form an In¢egral part of these arxounts. 10
The Feinmann Trust- Balance Shed as at 30 September 2022 SORP Note Ref 2022 2021 Fixed assets Tangibl8 ass818 Investments held as fix8d assets 329,559 2,022.861 329,559 2,298.627 Current assets Debtor5 Cash al b8nk and in hand 10 82 B4 4,564 81,635 6,119 89,277 Total current assets 86.199 95.396 Creditors.. amounts falling due within one year 11 C1 49,163 48,683 Ne¢ ¢urrenl a$$et$ 37,036 46,713 The total net assets of the charity 2.389.456 2.674.899 The total net assets of thè charity are funded by the funds of the Charity, as folltsws.'- Endowment funds Endowment Revenue Funds 15 01 55,293 55,293 Restricted funds R8Strict8d R8v8nu8 Funds 15 D2 59.854 60.356 Unr05tricted Funds Unrestricted Revenue Funds 15 D3 2,214,992 59.317 2,170,185 389.065 Unrestricted Revaluation Reserve 15 D4 2.274.309 2.559.250 Total charlty funds 2,389,456 2,674,899 Th8'SORP Ref indicated above is the classification of Balance Sh8et items as set out in th8 formal SORP docurnents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been age to the SOFA.. The directors are satisfied that the company is entitled to exemption from the requirernent to obtain an audit under section 477 of the Companies Act 2006. The members have not required the company to obt8in an audit in accordance with section 476 of the Act. Th& directors acknowledge their responsibilities for complying with the requirements of th& Companies Act 2006 with respect to accounting records and the preparation of accounts. The charity Is subjerl to IndepEndent Examination under Charity leglsl8tion. and the oport of the Independent Ex8min8r is on page 6. The financi81 statements hav8 b8en prepared in accordance with the provisions in Part 15 of th8 Companies Act 2006. applicable to companie5 subject to the small cornpanies regime. an Hyams Trustee Approved by the LK)ard ol trustees on 2610612023 The note$ atta¢hed on pages 12 10 23 fomi an Integral part of these a¢¢ounts.
The F8lnm8nn Trust Notss to the Accounts for the year ended 30 September 2022 1 A¢¢ountlng poll¢le$ Pollcles rel8dng to the pmdu¢tlon of the accounts. B8sl$ of preparatlon and attountlng conventlon Thè accounts havè been prepared on the atLruals basis. underth& historical cost convention, and in accordancè Nth th& Financial Reporting Standard 102, leffeclive 1st January 20161 and 'FRS 102 SORP Islal8m8nt of Recommended Practice for Accounting and Reporting by Charitie812015, las 8mended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 20191. (The SORPI. published by the Charity Cornmission in England & Wales ICCEWI. efFective January 2016, and in aG4x>rdan¢e with 311 applicable law in thè chariws jurisdiction of registration, except that the charity h88 prepared tht fin8nci818lat8ments in accordance with tht FRS 102 8ORP Iststemenl of Recomrllended Practice for Accounting and Reporting by Charities) 2015, las amended by the Bulletin issued in October 2018 and applicable to all accounting periods blnIng on or after 1st J3nU3ry 20191. (The SORPI. in pfftfer&nte Io the previous SORP, the SORP 2005, which has been withdrawn, notwilh8ianding the fact that the @xnt 8tstutory regulations, the Charities IAccounts and Reports) Regulations 2008 refer explicitly lo the SORP 2005. This has been done to accord %4ryth current best practice. The charity conslilul8s a public b8n8fit entity as d8fin8d by FRS102. The charily is an unincorporated trust registered in England. The principal address of the charily 15 Belong Morris Feinmann, 178 Palatine Road, Didsbury. Mand)ester, M20 2YW. Going Concem The Trust888 ar8 sati8fi8d that, at th8 lime of approving the financial statem8nls, il is appropriate to adopt the going con basis in prep8ring the finanryal statements. Policies relating to categories of incorne and Incon recognition. Nature of income All in¢oming resourtes a in¢luded in the statement of finan¢ial a¢tivilies when the ¢harily is enlilled lo the incomè and the amount can be quantified wth r8ason8bl8 aceuracy. The follomng 8P8cific policies are applied to p8rticu18r categories of income.. Voluntary income is received by way of grants, donation8 and gifts and is Included In ftjll in the statement of fin8ncial activities when receiv8ble. Grants %there entitlement is not conditional on the delivery of a specific performance by the charity. are recognised when the charity becornes unconditionally entitled to the grant. Grants, including grants for the purchas8 Df fixed as88ts, ar8 r8cogni88d in full in the 8tstement of financial activiti88 in th8 year in which they are receivable. Income from investment8 is included in the year in which it is receivable. Legaoes are induded when the charity is advised by the personal repre5entatwe of an estate that payment Nll be made or property transferr&d and the amount involved can be quantified. Incorne from flat 58le5 is included in the year il is receivsble. 12
The F8lnm8nn Trust Notes to the Accounts for the year ended 30 September 2022 PoliGie5 relating to expendyture on goods 4nd 5erviGe5 provided to the Gharity. ReGognition of liabililie5 and expendilure Exp8nditur8 18 recognised on an accrual basis a8 8 li8bilily is incurr8d. Exp8nditur8 includ8s any VAT vthith cannot b8 fully recovered. and is rewrted as part of the expenditure to %%thich it relate5. C08t8 of generating fund8 comprise the costs assoc18t8d with allracting voluntary Income and the costs of trading for fundraising purp0888. Ch3ritablÈ Èxpenditure tomprisÈs those costs incurred by thè Charity in thÈ delivery of its activities and sÈrvicÈs for its benefiaaries. It includes both costs that can bt albeA18d directly to such activit188 and Ihose costs of an indirect nature necessaryto support them. Governance costs are tho8& Incurred in nneCtIOn th admini8lration of the charity and compliance with constitutional and 8tstutory requirements. Policies r81ating to assets, liabilities andprovisions and othermatters. Tanglble flxedos$ets Tangible fixed assets are measured al their original c05t value. or subsequent revaluation. Cost value indudes all costs expendÈd in brlnglng the asset into its intended working tondition. Depreaation has been provided 8t the following rates in order to wrlte off the assets to Ihelr antltipated resldual value ovèr their estimated useful lives. Freehold premlses O Stralght Ilne No depreGialion is provided on freehold property because it is the PQGtiGe to tnaint3in the property in 3 continual stste of sound repair. Accordingly, the lilt is so long 8nd the residual value $0 high that th& Trustees nSIder that depCiatIon calculated in accordance wth 8ccepted accounting stsndards NVOu be immaterial. Debtors Debtors are tnea5ured al their recoverable amount5 al the balan sheet dale. Creditors and provisions Creditors are tllea5ured al their recoverable amount5 al the balance sheet dale. Flnancial instruments including cash and bank balances The Charity only has basic financial instruments. These are initially recognised at transaction value and subsequently measured 8t their setuemenl value. Cash held by the charty is included 8t the amount 8clually held and counted at the year end. Bank balances, whether in credit or overdrawn. arÈ sh<)wn at the amounts propÈrfy retDncilÈd to the bank stalÈmÈnts. Fund Accounting Unrestricted funds are avsi18ble for use at the discretion of the trustees in furtherance of the general objectives of the charity Restricted funds are subjected to restrictions on their expenditure irnposed by the donor or through the terms of an appeal or as implied by law. Endowment funds are funds donated to the charity, bvh&re the funds shall be invested and the charity shall enjoy the b&nefit of th8 incom8 from the capital fund, bul wh8r8 r8slriclions are plac8d on th8 US8 of the capital. 13
The F8lnm8nn Trust Notes to the Accounts for the year ended 30 September 2022 2 Liability to taxation The Trust88s consider that th8 charity 8alisfi88 the l&sls set out in Paragraph 1 Sch8dul& 6 of the Finance Act 2010 for UK corporation tsx purposes. Accordingly. the Charity is potentially exempt from tsxalion in respect of income or capitsl gains reiVed within categories covered by chapter 3 part 11 of the CorpDration Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the exl&nt that such incomè or gains arè applied exclusivèly on the speufic charitable objects of the charity and for no other purpose. V81ue Added T8x is not recoverable by the chsrity, 8nd is therefore included in the relevant costs in the Statetnent of Financial Activities. 3 Winding up or dissolution of the charity If upon winding up or dissolution of the charity there remain any assets, after the satisfaction of all debts and Iiabililies, the assets represented by the accumulated fund shall be transferred to sorne other charitable body or bodies having similar objects to the charily. 4 Significance of financial in5trumonts to the charity's position There are no significant implicatv)ns of Such matter5. S Investment gain5 Current year Current year Current year Current year Unrestrlcted Restrlcted Endowment Total Fund8 Funds Funds Funds 2022 2022 2022 Prior Year Total Funds 2022 2021 Reallsed galns/(lossesJ List8d inv8Stm8nts 62.597 62.597 12,886 Total r88llsed galnslllo888sI 62.597 62.597 12,886 Unrealised gains/(lossesJ and writing down of carrying values Listed investments- Unrealised 1329.7481 1329.7481 345,381 Total unrgali58d gainslllossesl etc 1329,748 329,748 345,381 Total realised and unrealised gains 267.151 267.151 356.267 6 Stsff costs and 8molument5 Salary costs 2022 2021 Gross Salari88 8xcluding trustees and k8y management p8rsonnel Employerfs operating costs of defined contribution pension %hemes 10,000 113 10,000 113 Total salaries, wagos and related costs 10,113 10,113 Nurnbers of full tinw employees orfull time 8quivalents 2022 2021 The average nutnber of total staff etnployed in the year was The averag& number of full time staff employed in the year was The esdm8ted equlvalent numberof fvll tlme st8ff deployed In dlllerent 8Ctlvllles In the year was... Engaged on charitable activities The estlmetsd lull tlme equlvalent numbw of all steff employed as above Neither the trustees nor any persons connected wlh Ihetn have received any remuneration or expenses from the tharily or any r&lal&d entity, either in th& current or prior year No employÈÈs rÈcÈivÈd Èmolument8 lexdudlng pension costs) in ÈxcÈ88 of£60.000 per annum. 14
The F8lnm8nn Trust Notes to the Accounts for the year ended 30 September 2022 7 D8flned contrlbutlon ponslon 8ch8me8 The ¢harily operate$ a defined ¢onlribution pension s¢heme, the ¢osls of whi¢h are shown above. Any liabilil@s and a888t8 a880cialed with th8 scheme are 8hown under d8btors and creditors. 8 Tangible fixÈd assets Land and Bulldlngs Total Cost Al 1 Odober 2021 329,559 329,559 At 30 September 2022 329,559 329,559 Depr8ciation At 30 Septsmber 2022 Net book value At 30 September 2022 329,559 329,559 At 30 SepteTnber 2021 329,559 329,559 The asset is the tre&hold interest of the Trust In Barweld House a8 at 1997, vA)en th& devebpment was complel&d, plu8 th8 C08t of renovating the ground floor 8partmenls previously occupied by Morris Feinmann Homes Trust. The freehold interest was valued al £132.500 by Stuart F Beesley, FRICS. on behalf of Beesley Silas & Co Limited on 1 Augu812007. The valuation 1$ 15°/o of the total value of the apartments sold In September 1997 di8counl8d over twelve years. 15Vo IS th8 Trust'8 shar8 of the sale price of each 8partm8nl. Twelve y8ars Wds chosen using an 8ver8ge age of the residents of seventy and s lrfe eypectsncy of tWee years in accordance with insurance lrfe tsbles. In year 8nd8d 30 S8Ptember 2009 of £26,281 was sp8nl on th8 r8noValn, and in year 8nd8d 30 Stptember 2010 and additional £170,778 was spent. including £170,000 ld to Morris Feinmann Homes Trust in respect of the lease surrender. Investments held a5 fixed a55ets Llsted investments Total Carrying value$ of inve$tment$ Al 1 Odober 2021 Additions R8V8Iu81ion at 30 S8pt8mber 2022 Disposals 2,298.627 103,982 1329,7481 150.0001 2.298.627 103,982 1329,7481 150,0001 At 30 September 2022 2,022,861 2,022.861 Analysis between fair value and historical cost Inv881m8nts as above held al fair valu8 2,022,881 2.022,861 Total at 30 S6Pt8mb8r 2022 2,022,861 2,022,861 15
The F8lnm8nn Trust Notes to the Accounts for the year ended 30 September 2022 10 Debtors 2022 2021 Prepaymen15 and accrued income Other debtors 4,555 6.110 4.564 6,119 11 Credltors.. amounts falllng due wlthln one year 2022 2021 Trade cr8ditor8 Accrua18 PAYE, NIC VAT and other taxes Other creditor5 8.955 29.810 376 10.022 8.293 29,992 376 10,022 49,163 48,683 12 InGorne and Expenditure aGGount 5umrnary 2022 2021 At 1 Ortober 2021 Surpluslllossl after lax for the year 2,329,518 44,305 2.370.583 141.0651 At 30 September 2022 2.373.823 2,329,518 13 No lated party tran$actlon$ There were no transactions wth related parties in the year. 14 Partlculars of how partlcular funds are represented by assets anil Ilab116tles At 30 Saptsmber 2022 Unrestrictod Designatsd Endowment funds funds funds Restrictad fund5 Total Fund5 Tangible Fixed Assets Fixed asset inveslrFEnts Current Assets Curonl Liabilitles 329,559 2,022,861 128,9481 149,1631 329,559 2,022,861 86,199 149,1631 55.293 59,854 2.274.309 55,293 59.854 2,339,456 At 1 October 2021 Unrestrlcted Deslgnated Endowment fund8 fund8 funds Restrlcted funds Total Funds Tangible Fixed Assets Fixed asset investments Current Assets 329,559 2,298,627 120,2531 148,6831 329,559 2,298,627 95,396 14B,6831 55.293 60,356 2.559.250 55,293 60.356 2,674,899 16
The F8lnm8nn Trust Notes to the Accounts for the year ended 30 September 2022 15 Chango in total funds ovor tho year as shown in Note 14, analy88d by individual funds Funds brought forward from 2021 Movement fund5 in Transfers b8twe8n funds In 2022 Funds carried forward to 2023 2022 See Note 16 unStri¢lerfOn de$ignated fund$.'. Unrestricted Revenue Fund8 Unrestricted Revaluation Reserve 2,170,185 389,065 44,807 1329,7481 2,214,992 59,317 Total unre8trlcted and deslgnated funds 2,559,250 284,941 2,274,309 Restricted funds... Sydney Solomon Levy and El Levy Nursing Wing Residents WeKare Fund Garden Fund 220 16.665 43.471 220 16,163 43,471 15021 Total restricted funds 60,356 1502 59,854 Endowment funds... Sydney Sobmon Levy and Eln Levy Nursing Wing 55,293 55,293 Total endowment funds 55,293 $5,293 Totsl charity funds 2,674,899 285,443 2,389,456 16 Anatysis of movements in funds overthe year as shown in Note 15 Other Gain5 & Ltssse$ 2022 InGome Expenditure Movernent in funds 2022 2022 2022 Unresrfcted8nd deslgnated funds... Unrestricted R8V8nue Fund8 Unrestricted Revaluation Reserve 106,349 1124,1391 62,597 1329.7481 44,807 1329,7481 Restricted funds... Sydney Solomon Levy and Eln Levy Nursing Wing Residents Weware Fund 1,885 12,3871 15021 Endowment funds... Sydney &>k)mon Levy and Eln Levy Nursing Wing 108,234 126,5261 267.151 285,443 17
The F8lnm8nn Trust Notes to the Accounts for the year ended 30 September 2022 17 Thè purptssÈ$ for whl¢h thÈ fund$ a$ detsllÈd In note 15 are held by the ¢harfly are:. Unrestrictsdand designatsd funds... Unrestricted Revenue Funds These funds held for the Tneeting the objeGlives of the Gharity. and to provide r888rw88 for future aclivit18s, and , subject lo charity l81allon, are free from all reslriclions on their use. Uncryslalised gains and knsses on investments Unrestricted Revaluatlon Reserve Restrict8d funds... Sydney Solomon Levy and EIK8n L8vy Nursing Wing Thls represents Income from th? endownent fund vA)lth was avallable for maintenance work in the nursing wing. Fund tg be applied in enhan¢ing the so¢ial welfare and wellbeing of the r&8id8nl8. Fund to be applied in the creation of a new secure sensory garden. R88id8nt8 Welfare Fun(J Garden Fund Endowment funds... Sydney &>lotnon Levy and Elkn Levy Nursing Wing Thi5 represents endoNvtnent of capitsl provided for tnaintenence work in the nursing vring. 18 Ultimats controlling party The tharily is under the tontrol of ils legal memtkrs. Every member of the charity is obliged to ¢onlribute su¢h amount as may be reouiod not ex¢eeding £1 to the assets of the company in the 8vent of Its b&lng wound up whll& h& or she is a memb&r, or within ont year after h* or she ceases to be a member. 18
Th• Fèinmann Trust Detailed analysis of income and expenditure for the year ended 30 September 2022 as required by the SORP This analysis is ¢lasssified by conventional nominal descriptions and not by activity. 19 Donation$ and Lega¢ies Current year Current year Current year Current year Prlor Year Unrestrlcted Restrlcted Endowment Total Total Fund5 Funds Funds Funds Funds 2022 2022 2022 2022 2021 Donatlon$ and glfts from Inillvlduals Small donations individually less than £1000 Don8tions individually more than £1000 2,837 355 3.192 434 Total donations and gffts from individuals 2,837 355 3,192 434 AII 2021 donatlons and glfts from Indlvlduals Income wa$ unreslrl¢te(I Legacies receivable Legacies indimdually more than £1000 46,444 46.444 4,500 Total lega¢le$ re¢elvable 46,444 46.444 4.500 AII 2021 legacies income was unrestricted Revenue grants and donations from non public bodies Small grants indiwdually les5 than £1000 Grants individually more than £1000 2,325 2,325 501 2,000 Total private sector revenue grants 2,325 2,325 2,501 Restricted revenue grants and donations trom non publi¢ bodies income in 2021 totalled £501 Total Donatlons and Legacles A1 51,606 355 51.961 7.435 20 Income from charltable a¢tlvltles. Tradlng ActlvStles Current year Current year Current year Current year Unrestricted Restricted Endowment Total Fund5 Fund5 Funds Funds 2022 2022 2022 2022 Prlor Year Totsl Funds 2021 Primary purpose and ancillary trading Share of sale praedS of flats 49,043 Total Primary purpose and ancillary trading 49,043 AII 2021 primary purpose and ancillary trading income was unrestricted 19
Th• Fèinmann Trust Detailed analysis of income and expenditure for the year ended 30 September 2022 as required by the SORP 21 Total Income from eharitable aetivities Current year Current year Current year Current year Prior Year Unrestrlcted Restrlcted Endowment Total Total Fund5 Funds Funds Fund$ Fund$ 2022 2022 2022 2022 2021 49,043 Total Income from charitable trading Total from ¢harltable a¢tlvllle$ 49,043 22 Income from other. non charitsble, trading activities Current year cuent year Current year Current year Unrestricted Restricted Endowment Total Funds Funds Funds Funds 2022 2022 2022 2022 Prior Ye8r Total Funds 2021 100 Club Coffe8 Morning Kiddush Sponsorship 1,430 1,600 190 100 11JO Total from other activities 1.530 1.790 AII 2021 income from other, non charitsble, trading activities was restricted 23 Inv8Stment income Current year Current year Current year Current year Unre$trlcted Re$trlGted Endowment Total Funds Funds Funds Funds 2022 2022 2022 2022 Prior Year Total Funds 2021 Bank Interest Receivable Brwks Macdonald Diwdend Income 54.739 54,739 41,050 Total Investment Income 54,743 54,743 41,052 AII 2021 investment income was unrestricted 24 Expèndlture on charltsble actl¥ltles- Dlrect Spendlng Current year Current year Current year Current year Unr85trict8d Restricted Endowment Total Fund5 Fund5 Funds Funds 2022 2022 2022 2022 Prlor Year Total Funds 2021 Gross wages and 5alaries- charitsble 10.000 10,000 10.000 Employers. Nl- Charitable activities Defined contribution pension costs charitable activities 113 113 113 Total direct spending B2a 10,113 10.113 10.113 AII 2021 8xpenditur8 on charitable activitie5- direct 5P8nding was unrostricted 20
Th• Fèinmann Trust Detailed analysis of income and expenditure for the year ended 30 September 2022 as required by the SORP 25 Expenditure on charitable activities Current year Current year Current year Current year Prior Year Unrestrlcted Restrlcted Endowment Total Total Fund5 Funds Funds Fund$ Fund$ 2022 2022 2022 2022 2021 Reallocated from support costs 4,371 4,371 3.595 Total charltable actlvltles costs B2b 4,371 4,371 3,595 AII 2021 expendlture on charltable actlvltles was unre$trl¢ted 26 Expenditure on charitable activitl8s- Grant funding of activit18S Current year Current year Current year Current year Unre51ricted Restricted Endowrnent Total Funds Funds Funds Funds 2022 2022 2022 2022 Prior Year Total Funds 2021 Grants m8de to individuals Grants m8d8 to organi8ations 89,337 4,624 89.337 6,029 98,226 25,756 1.405 Total grantrnaking costs B2c 93,961 1,405 95,366 123,982 Breakdown of Grants made to organisations Current year GUt year Current year Current year Prlor Year Unrèstricted Restricted Endowment Total Total Funds Funds Funds Funds Funds 2022 2022 2022 2022 2021 Belong Morris Feinmann Barfield House Management Lirnited 1.405 1.405 1.132 4,624 4,624 4,624 The FED 20,000 4.624 1.405 6,029 25.756 AII 2021 grants to Belong Morrls Felnmann were restrlcted 21
Th• Fèinmann Trust Detailed analysis of income and expenditure for the year ended 30 September 2022 as required by the SORP 27 Support eosts for ¢haritablÈ activities Current year Current year Current year Current year Prior Year Unrestrlcted Restrlcted Endowment Total Total Funds Funds Funds Funds Funds 2022 2022 2022 2022 2021 Pren7i50s Expenses Ground Rent Administrative overheads Telephone OFFice expenses 341 Insurance 688 Sundry expenses 12631 Siddurim Books 1.590 Kiddushim 259 Annual retum 13 Trustees liability insurance 942 Profes$lonal fees pald to advlsors other ¢han the audltor or examlner Accountancy fees other than examination or audit fees Legal fees Financial costs Bank Charges 33 43 338 692 148 341 12631 259 13 942 13 943 440 434 660 327 44 371 340 Support costs before reallocation 4.371 4.415 3.644 L85S SUPPOrt costs reallocated to specific activities To charitable activities costs To cosis of rsising funds 14,3711 14.3711 1441 13,5951 1491 1441 28 Othgr Expgnditure . Govemance c05t5 Current year Cunt year Current year Current year Prfjor Year Unrestrl¢¢ed Restrlcted Endowmenl Total Total Funds Funds Funds Funds Funds 2022 2022 2022 2022 2021 Independent Examinerfs fees 2,340 2,280 Total Goveman¢e costs 2,340 2,340 2,280 AII 2021 other expenditu. governan¢e ¢osts was unreslricled 29 Total Charltable expendlture Current year Current year Current year Current year Unr85trict8d R85trict8d Endowment Total Fund5 Funds Funds Funds 2022 2022 2022 2022 Prlor Year Total Funds 2021 Total dir8Ct SP8nding Total charitable activities costs Total granlm8king costs Total Governan costs B2a B2b B2c B28 10,113 4,371 93,961 2,340 10.113 4.371 95.366 10,113 3,595 123,982 2,280 1,405 Total charitable expenditure B2 110,785 1,405 112,190 139,970 22
Th• Fèinmann Trust Detailed analysis of income and expenditure for the year ended 30 September 2022 as required by the SORP 30 Expenditure on raising funds and Costs of investmènt management Current year Current year Current year Current year Prior Year Unrestrlcted Restrlcted Endowment Total Total Fund5 Funds Funds Fund$ Fund$ 2022 2022 2022 2022 2021 100 Club Brldge Luneh and Coffee Momlng Just Glving fees Investment management costs Reallo¢aled from support costs 520 418 520 418 490 108 12.654 49 13.354 13,354 44 Totsl fundral$lng ¢o$ts B1 13,354 982 14.336 13.301 2021 restrlcted expendlture on ralslng funds and costs of Investment management was £539 23