THE JORDAN MAX GOODMAN CHARITABLE TRUST
Charity Number 1053984
REPORT AND FINANCIAL STATEMENTS
YEAR ENDED
5 APRIL 2022
THE JORDAN MAX GOODMAN CHARITABLE TRUST
STATEMENT OF ACCOUNTS
Year ended 5 April 2022
CONTENTS
| Page | |
|---|---|
| Independent examiner's report to the trustees | 1 |
| Trustees’ report | 2-3 |
| Balance sheet | 4 |
| Statement of financial activities | 5 |
| Notes to the accounts | 6-7 |
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF
THE JORDAN MAX GOODMAN CHARITABLE TRUST
I report to the charity trustees on my examination of The Jordan Max Goodman Charitable Trust (“the charity”) for the year ended 5 April 2022.
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 report in respect of my examination of the charity’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 145(5)(b) of the Act.
Independent examiner's statement
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:
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accounting records were not kept in respect of the charity as required by section 130 of the Act; or
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the accounts do not accord with those records or
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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.
Glen Bott FCA Cooper Parry Group Limited Sky View Argosy Road East Midlands Airport Castle Donington Derby DE74 2SA
Date: 25 January 2023
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THE JORDAN MAX GOODMAN CHARITABLE TRUST
TRUSTEES’ REPORT
At 5 April 2022
The trustees present their annual report together with the financial statements of The Jordan Max Goodman Charitable Trust (“the charity”) for the year ended 5 April 2022.
The trustees confirm that the annual report and financial statements of the charity comply with the Charities Act 2011, the requirements of the charity's governing document and the provisions of the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities”.
Reference and administrative details of the charity and its trustees
The Jordan Max Goodman Charitable Trust Charity number 1053984
Correspondence address: Amberley Totteridge Green London N20 8PE
Trustees who served during the year were: Mr A Goodman Mrs I Goodman Mr T Goodman
Structure, governance and management
The charity was formed under a trust deed dated 21 February 1996. The management of the charity is vested in the body of trustees.
Future trustees shall be appointed by resolution of the existing trustees.
Objectives and activities
The trustees shall hold the trust fund and its income upon trust to apply them for such charitable purposes and to make donations to such charitable institution or institutions at such time or times in such manner as the trustees in their absolute discretion think fit.
Achievements and performance
During the year the charity made donations of £136,026 (2021: £230,075) to various organisations. Total incoming resources amounted to £93,276 (2021: £19,021) The charity will continue to meet its objectives in line with its charitable purpose. The trustees confirm that they have considered the Commission’s guidance on public benefit when reviewing the charity’s objectives and activities.
Risk
An assessment of the potential risks faced by the charity has been undertaken by the trustees and they deem sufficient controls are in place to mitigate the risks faced.
Financial review
The Statement of Financial Activities on page 5 shows a net deficit for the year of £42,848 (2021: deficit of £211,110). The balance of unrestricted funds as at 5 April 2022 was £241,995 (2021: £284,843).
Financial Reserves Policy
It is the policy of the charity to maintain unrestricted funds which have not been designated for a specific use at a level as the trustees see fit.
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THE JORDAN MAX GOODMAN CHARITABLE TRUST
TRUSTEES’ REPORT (continued)
At 5 April 2022
Trustees’ Responsibilities Statement
The trustees are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the charity and financial information included on the charity’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
This report was approved by the trustees and signed on their behalf by:
Date: 25 January 2023
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THE JORDAN MAX GOODMAN CHARITABLE TRUST
BALANCE SHEET
At 5 April 2022
| Total | Total | |
|---|---|---|
| Unrestricted | Unrestricted | |
| Funds | Funds | |
| 2022 | 2021 | |
| £ | £ | |
| Current Assets | ||
| Income tax recoverable | 18,655 | - |
| Handelsbanken account | 223,340 | 284,843 |
| ______ | ______ | |
| Net assets | 241,995 ______ |
284,843 ______ |
| Funds | ||
| Unrestricted funds | 241,995 ______ |
284,843 ______ |
The financial statements were approved and signed by the trustees on
Date: 25 January 2023
The notes on pages 6-7 form part of these financial statements.
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THE JORDAN MAX GOODMAN CHARITABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES
Year ended 5 April 2022
| Unrestricted | Unrestricted | ||
|---|---|---|---|
| Note | Funds | Funds | |
| 2022 | 2021 | ||
| £ | £ | ||
| Incoming resources | 1 | ||
| Donations received | 74,621 | 14,925 | |
| Tax recoverable | 18,655 | 3,731 | |
| Interest received | - | 365 | |
| ______ | ______ | ||
| Total incoming resources | 93,276 | 19,021 | |
| ______ | ______ | ||
| Resources expended | |||
| Charitable activities | |||
| Grants and donations made | 3 | 136,026 | 230,075 |
| Bank charges | 98 | 56 | |
| ______ | ______ | ||
| Total resources expended | 136,124 | 230,131 | |
| ____ | ______ | ______ | |
| Net (loss)/surplus for the period | (42,848) | (211,110) | |
| ______ | ______ | ||
| Net movement in funds | (42,848) | (211,110) | |
| Balance brought forward at | |||
| 6 April 2021 | 284,843 | 495,953 | |
| ______ | ______ | ||
| Balance carried forward at | |||
| 5 April 2022 | 241,995 | 284,843 | |
| ______ | ______ |
The statement of financial activities includes all gains and losses recognised in the year. All incoming resources and resources expended derive from continuing activities.
The statement of financial activities incorporates the income and expenditure account.
The notes on pages 6-7 form part of these financial statements.
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THE JORDAN MAX GOODMAN CHARITABLE TRUST
NOTES TO THE ACCOUNTS
Year ended 5 April 2022
1. ACCOUNTING POLICIES
Basis of accounting
The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with 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), the Charities Act 2011 and UK Generally Accepted Practice.
The financial statements have been prepared on a going concern basis under the historical cost convention. The financial statements are prepared in sterling which is the functional currency of the charity.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
Income
Donations are recognised in the Statement of Financial Activities when received.
Incoming resources from tax reclaims are included in the Statement of Financial Activities at the same time as the gift to which they relate.
Grants and Donations
Grants and donations made during the year are accounted for when they are paid.
2. INFORMATION REGARDING TRUSTEES
The trustees do not receive any remuneration or expenses from the charity.
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THE JORDAN MAX GOODMAN CHARITABLE TRUST
NOTES TO THE ACCOUNTS (continued)
Year ended 5 April 2022
3. GRANTS AND DONATIONS MADE
The trustees report that during the year they made the following grants and donations.
| £ | |
|---|---|
| Action Aid | 14,347 |
| Anne Frank Trust | 975 |
| Chabad Lubavitch of Nottingham | 5,000 |
| Chai Cancer Care | 20,000 |
| Compassion in World | 494 |
| Finchley Reform Synagogue | 1,000 |
| Food Bank Aid Compaign | 500 |
| Four Paws UK | 370 |
| Peta | 630 |
| Gooda for Good | 6,000 |
| Human Society International | 440 |
| Jewish Care | 30,000 |
| Jnetics | 250 |
| Kol Nidrei Appeal | 500 |
| Little Hearts Matter | 480 |
| Max’s Foundation | 500 |
| Nicholas Fund | 5,000 |
| Norwood | 10,040 |
| Shine for Shani Foundation | 150 |
| Stand With Us | 750 |
| The Gesher Trust | 15,000 |
| UCL Development Fund | 250 |
| World Jewish Relief | 21,350 |
| YAD Vashem UK Foundation | 2,000 |
| ______ | |
| 136,026 ______ |
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