REGISTERED CHARITY NUMBER: 1047968
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 5 April 2023
for
The Becker Family Charitable Trust
Martin+Heller 5 North End Road London NW11 7RJ
The Becker Family Charitable Trust
Contents of the Financial Statements for the Year Ended 5 April 2023
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Report of the Trustees 1 to 2
Independent Examiner's Report 3
Statement of Financial Activities 4
Balance Sheet 5
Notes to the Financial Statements 6 to 10
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The Becker Family Charitable Trust
Report of the Trustees
for the Year Ended 5 April 2023
The trustees present their report with the financial statements of the charity for the year ended 5 April 2023. 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 charity was formed for the advancement of religion in accordance with the orthodox Jewish faith, and the relief of poverty.
Significant activities
The charity continued to make significant charitable donations during the year to organisations for the advancement of religion in accordance with the orthodox Jewish faith, and for the relief of poverty.
Public benefit
The trustees confirm their compliance with the duty to have regard to the Public Benefit guidance published by the Charity Commission when reviewing the Charity's aims and objectives in planning future activities.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
During the year, the charity made grants to institutions of £170,045 (2022: £67,460). These donations were used by the beneficiaries for the improvement of education according to the Jewish faith, and the relief of poverty.
FINANCIAL REVIEW
Financial position
The trustees consider the financial position to be satisfactory. The charity has total funds of £1,586,889 (2022: £1,309,987): £1,001,859 (2022: £1,001,859) of reserves relate to the charity's investment property. The present level of funding is adequate to support the continuation of its objects.
Reserves policy
The charity does not maintain a reserve policy, as reserves are distributed when they become available, at the trustees' discretion.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
Recruitment and appointment of new trustees
It is not the intention of the charity to appoint any new trustees. Should the situation change in the future, the trustees will apply suitable recruitment, induction and training procedures.
Organisational structure
The charity has four trustees.
Decision making
Decisions relating to the charity are taken at trustees' meetings.
Key management remuneration
The trustees received no remuneration in the year or the previous year.
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The Becker Family Charitable Trust
Report of the Trustees for the Year Ended 5 April 2023
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1047968
Principal address
5 North End Road London NW11 7RJ
Trustees
A C Becker A Guttentag D Fried Mrs R Becker
Independent Examiner
Martin+Heller 5 North End Road London NW11 7RJ
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
.......................................................................... A C Becker - Trustee
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Independent Examiner's Report to the Trustees of The Becker Family Charitable Trust
Independent examiner's report to the trustees of The Becker Family Charitable Trust
I report to the charity trustees on my examination of the accounts of The Becker Family Charitable Trust (the Trust) for the year ended 5 April 2023.
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
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
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.
Frank Martin (FCA) The Institute of Chartered Accountants in England and Wales
Martin+Heller 5 North End Road London NW11 7RJ
Date: .............................................
Page 3
The Becker Family Charitable Trust
Statement of Financial Activities for the Year Ended 5 April 2023
| 5.4.23 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 366,415 Investment income 2 82,903 Total 449,318 EXPENDITURE ON Charitable activities Grants to Institutions 170,045 Other 2,371 Total 172,416 NET INCOME 276,902 RECONCILIATION OF FUNDS Total funds brought forward 1,309,987 TOTAL FUNDS CARRIED FORWARD 1,586,889 |
5.4.22 Total funds £ 136,140 101,571 |
|---|---|
| 237,711 | |
| 67,460 5,911 |
|
| 73,371 | |
| 164,340 1,145,647 |
|
| 1,309,987 |
The notes form part of these financial statements
Page 4
The Becker Family Charitable Trust
Balance Sheet 5 April 2023
| 5.4.23 Unrestricted fund Notes £ FIXED ASSETS Investment property 5 1,001,859 CURRENT ASSETS Debtors 6 723,453 Cash at bank 203,737 927,190 CREDITORS Amounts falling due within one year 7 (342,160) NET CURRENT ASSETS 585,030 TOTAL ASSETS LESS CURRENT LIABILITIES 1,586,889 NET ASSETS 1,586,889 FUNDS 9 Unrestricted funds 1,586,889 TOTAL FUNDS 1,586,889 |
5.4.22 Total funds £ 1,001,859 388,938 275,170 664,108 (355,980) 308,128 1,309,987 1,309,987 1,309,987 1,309,987 |
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. A C Becker - Trustee
The notes form part of these financial statements
Page 5
The Becker Family Charitable Trust
Notes to the Financial Statements for the Year Ended 5 April 2023
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.
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.
Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Statement of Financial Activities.
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.
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continued...
The Becker Family Charitable Trust
Notes to the Financial Statements - continued for the Year Ended 5 April 2023
2. INVESTMENT INCOME
| Rents received Deposit account interest Interest Receivable- Short ter m loans |
5.4.23 £ 70,077 506 12,320 82,903 |
5.4.22 £ 77,122 23 24,426 |
|---|---|---|
| 101,571 |
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 5 April 2023 nor for the year ended 5 April 2022.
Trustees' expenses
There were no trustees' expenses paid for the year ended 5 April 2023 nor for the year ended 5 April 2022.
4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | |
|---|---|
| fund | |
| £ | |
| INCOME AND ENDOWMENTS FROM | |
| Donations and legacies | 136,140 |
| Investment income | 101,571 |
| Total | 237,711 |
| EXPENDITURE ON | |
| Charitable activities | |
| Grants to Institutions | 67,460 |
| Other | 5,911 |
| Total | 73,371 |
| NET INCOME | 164,340 |
| RECONCILIATION OF FUNDS | |
| Total funds brought forward | 1,145,647 |
| TOTAL FUNDS CARRIED FORWARD | 1,309,987 |
continued...
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The Becker Family Charitable Trust
Notes to the Financial Statements - continued for the Year Ended 5 April 2023
5. INVESTMENT PROPERTY
| FAIR VALUE At 6 April 2022 and 5 April 2023 NET BOOK VALUE At 5 April 2023 At 5 April 2022 6. DEBTORS Amounts falling due within one year: Other debtors Short term loans Adar Charitable Trust Amounts falling due after more than one year: Accrued Interest Aggregate amounts 7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other creditors 8. LOANS An analysis of the maturity of loans is given below: Amounts falling due within one year on demand: L Becker Settlement |
5.4.23 £ 118,709 218,248 386,496 723,453 - 723,453 5.4.23 £ 342,160 5.4.23 £ 200,000 |
£ 1,001,859 |
£ 1,001,859 |
|---|---|---|---|
| 1,001,859 | |||
| 1,001,859 | |||
| 5.4.22 £ 199,019 179,284 9,846 |
|||
| 388,149 | |||
| 789 | |||
| 388,938 | |||
| 5.4.22 £ 355,980 |
|||
| 5.4.22 £ 200,000 |
continued...
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The Becker Family Charitable Trust
Notes to the Financial Statements - continued for the Year Ended 5 April 2023
9. MOVEMENT IN FUNDS
| At 6/4/22 £ Unrestricted funds General fund 1,309,987 TOTAL FUNDS 1,309,987 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 449,318 TOTAL FUNDS 449,318 Comparatives for movement in funds At 6/4/21 £ Unrestricted funds General fund 1,145,647 TOTAL FUNDS 1,145,647 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 237,711 TOTAL FUNDS 237,711 |
Net movement in funds £ 276,902 276,902 Resources expended £ (172,416) (172,416) Net movement in funds £ 164,340 164,340 Resources expended £ (73,371) (73,371) |
At 5/4/23 £ 1,586,889 |
At 5/4/23 £ 1,586,889 |
|---|---|---|---|
| 1,586,889 | |||
| Movement in funds £ 276,902 276,902 At 5/4/22 £ 1,309,987 |
|||
| 1,309,987 | |||
| Movement in funds £ 164,340 164,340 |
|||
| 164,340 |
continued...
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The Becker Family Charitable Trust
Notes to the Financial Statements - continued for the Year Ended 5 April 2023
9. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
At 6/4/21 £ 1,145,647 1,145,647 |
Net movement in funds £ 441,242 441,242 |
At 5/4/23 £ 1,586,889 |
|---|---|---|---|
| 1,586,889 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 687,029 | (245,787) | 441,242 |
| TOTAL FUNDS | 687,029 | (245,787) | 441,242 |
10. RELATED PARTY DISCLOSURES
During the year donation of £35,560 (2022: £60,000) was received from the trustee A Becker and related related companies.
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