REGISTERED CHARrrY NUMBER: 1054034 Report of the Trwte¢J #nd UnaudAted FinaDcir41 Statements for the Year Ended 31 December 2023 for The Patsy Bloom Ch*rltAble Trust Grant Harrod Lernwl Davis LLP Chartered Accountsnts 1st Floor Healthaid Hous¢ Marlborough Hill HaTrow Middlesex HAI IUD
The Patsy Bloom Charitsble Trnst Contsllts of the FIDgnei41 stf4tenllf8 for the year ended 31 December 2023 P*ge Report of the Tru8tees Independent Examiner's Report Statement of Flnanei41 Activltlei Balance Sheet Cash Flow Statemenl Note& to the Cash Flow Ststement Iyotes to the Ffillan¢ia] Slwtem¢nts 8 to 12
The Patsy Bloom Charlt4bie Trust Report of the Trustees for th¢ year ended 31 December 2023 The trusfres present their report with the f]nancial statements of tbe charity for the year ended 31 De£enther 2023. The trustees have adopted the ptovisions of AcColting and Repoiting by Charkties: Statcment of ReMmended Practi¢¢ applicable to charities preparing their accounts in a¢¢oTdaaGe with the Financial Reporting Standard applicabl¢ in the UK and Republic of Iteland (FRS 102) (¢fft¢tive l JaDuary 2019). Objectlves and alms Thc objcctives of the charity 3r¢ the promotion of all or w PUTposes which are charitablc according to Englisb lavr. genernuy for the relief of persons of the Jewish faith who are in ll¢e or suffering sickness or disability or distress. Public benefit The trusle&s confum that they have complied with the duty in to have regard to the Charity Con]mission's gellcral guidance on public benefiL "Chariti&s aad Public Bencfit.. Thc charitable purposes of the charity arc set out ID its constitution and thesc are achievEd by considering grant applications re¢¢iv¢d and onc¢ a consensus ] been ath¢d aking donations to the chosen restered Ghatities. Grantm#ldng The Ttustees nKet regularly to assess 8rant appIltiOnS and clder proposals from the TnLStees. The charity cannot accept appli¢atiODS a6 It is fidly ¢ommitted for the next thre¢ years. FJNANCL4L REVIEW Finand21 revlew Income received from donations £0 (2022 - £50,000) and in addition income was received from property investments of £31,612 (2022 - £24,079) Donations of £40:694 (2022 - £49,619) w¢re nThde and totsl 811PPOrt and administratioll costs of £2,109 (2022 £14,784) were illared. Thc ch&ity continues to invest funds for the thture and at 31st DecetDber 2023 the net Sets of the clwity were £939.873 (2022 - £928.682) Prlnelpal funding sources The principal fimthng source5 of the charity are CWTendy by way of cash resery&8 al propety income. Investment pojjey qnd obJeetives There are no Teslrictions on the charity's powcr to invest The investn]ent strategy Temains that of n]aintaining a finn capffttal b8se so that it can mkthe au enduring contribution to its charitablc aims through donations. The Tntslces consider the incoo]e tequirements in the medium tenn. Reserves polley It is thc policy of the charity to niainluiu UDrcstricted funds. which are the free reserves of the Clulty, at a Icvcl vA]ich is sufficient to cover managemcnt, admiDistratioll and support costs and respond to emergency applications for donations which atisc from time to time. The TnleeS expect the charity to continue its activities outlined above in the foTeseeable tUre and attempt to n)aintaiD th¢ level of dotmtions at the current level. STRUCTURE. GOVERIYAThCE AtYD MANAGEMEIYT Goventhig docllment The Patsy Bloom Ch8ritabl¢ Trust is a Tegistered charity . Charity Registration Numb 1054034, and is governed by & Trnsi De dated 12th March 1996. RecrnltDwnt and appointment of neiv trustees The Trustee8 who have served during the year are set out on page two and all of those TTUSt¢es ha continued to serve Since tbt year end. Page I
The P2tsy Bloom Clmrltable Trust Rewrt of the Tru8tees for the year ended 31 December 2023 STRUCTU GOVERNANCE AND MANAGEMENT Induction and training of neiv trustees The existAtig Tnlee$ are already famili with the work of the charity. having in the main been involved wtth it for t))any A new Trustee would be invited to attend short meetings to familiarise hinvher with the chlty and the context in which it operates. This would be led by the Chair of the TNstees and cov¢r :_ l. The obligation of TrtteeS 2. The main do¢uments that set out th¢ operational framework of the cbarity 3. Resourcing and th¢ ¢urrent fillan position as set out in thc accounts 4. Fut[¢ plans and objedives Rl$k maD¥gemeJJt Th¢ Trust¢¢s have ¢xatnined the major strategic, business and operational risks which the chariry faces and ¢onfinn that sy*nL8 have been established to enable regularrq)orts to be produced so that the necessary Steps can be taken to reduce these risks. Regtstered Charlty number 1054034 Priti¢lpal wddre8S PO Box 78413 London NIO 9FT Truste Ms P Bloom I A Brecher A L Bloom Mrs L A CheTk4s M Zeitlin Ms G Miller IndepeDdent Examiner Grant Harrod Lernlall Davis LLP 1st Floor Healthaid House Marlborough Hill Ham)w Middlesex HAI IUD Approved by order of the board of trustees on ........... ...... 2L/ . and signed on its bvh&lf by: Ms P Bloom- Tn Page 2
Independent Examlner's Report to the Trustees of The P•tsy Bloom Charltable Trust Independent exaTolner'8 report to the trustsu of The Patsy Bloom Charlt4ble Trust I report to the cbarity trustees on my examination of the accounts of The Patsy Bloom Clwit&blc Tnt (the Trust) for the yeaT ettded 31 December 2023. RespDnslbilities basis of Teport As the c]wity ttee5 of the Trust you are responsible for the preparation of the accounts in accordance with the TeqUir¢rnts of the Cbarities Act 2011 (Ihe ACV). I report in resped of my exaMitiOn of the Trust& accounts carried out undcr Section 145 of the Act a[ in carying out my exan)ination I hav¢ follow¢d all applicablc DiOn$ givell by tbe Charity ConJmi5sion under Seotion 145(5)(b) of the Independent t]Der'S statement I have completed my examinatioo. J confimi that ao nJgt¢rial matters hav¢ ¢om¢ to my att¢Dtion in conn¢¢tion with th¢ ¢xamination giving m¢ ¢aU to bclicvc that in any matuial rc5PCCt: accounling records were not kept in Tespect of the Trust as required by Section 130 of the Act: or tbe accounts do not accord with th05¢ TordS. or the accounts do not comply 7th the applicable requirements concerning the form contetst of ac¢ouois Set out in the Charities (Accounts and Reports) Regulations 2008 other than any rnlUiTement that the accounts give trne and fair Triew which is not a matter considered as part of an independent examinatio I bave no con¢enLq and have come across no other rnatte in connection with the examination to which attention should be drawn in thts report itt ordv to en74ble a proper understanding of the accounts to be reached. Jeremy HaTrod rcc < Grant Ha1)d Lernwi Davis LLP Chartered Accountants st Floor Healthaid House Marlborougb Hill Harrow Middlesex HAI IUD JF Page 3
The Patsy Bloom Charltable TrD8t Statement of Fin#ncfial A¢tlvltles for the year ended 31 Deeember 2023 2023 2022 Unrestricted Total Notes JNCOME AND ENDOWMEfqTh FROM Donations and legacies 50,000 Investment incorne 31,612 24,079 Totil 31,612 74.079 EXPENDITURE ON Chgrltable aCtItIeS Clwitable activities 42.803 64.403 NET ThCOMEIlEXPENDURE) (11,191) 9,676 RECONCILIATION OF FUNDS Total brou8bt forwanl 928,682 919,006 TOTAL FUIW CARRIED FORWARD 917,491 928,682 The Dotss foTrn part of these finwtia] Statents
The P2t8y Bloom Charltable Trust Balanee Sheet 31 De¢ember 2023 2023 UJrestricted fund 2022 Total klmds Notes FIXED ASSETS lllvestmellt property 895,000 895.000 CURR ASSETS Debtots Cash * bank 4,942 18,749 8.816 27.506 23.691 36.322 CREDITORS An]ounts falling due within one year io (1,200) (2.640) NET CURRENf ASSETS 22,491 33,682 TOTAL ASSETS LESS CURREIYT LIABILITIES 917.491 928,682 IYET ASSETS 917,491 928,682 FUM)S Unrestricted filluLs li 917.491 928.682 TOTAL FUNDS 917,491 928,682 he fmancial statements were approved by the Board of Trustees and authorised for issue .. and were signed on its behalf by: on P Bloom- Trustee The notes fo part of thos¢ financial statements Page 5
The Patsy Bloom Charitsble Trust Cash Flow Statement for the year ended 31 Detenther 2023 2023 2022 Notes Cash tlojys from operatlng aedvldes Cash generated from operations (8,757) 3.295 Net cash (us¢d in}/provid¢d by operating adiviti {8,757) 3,295 Chnge In ¢agh and ¢ash ¢qufivlents In the reportlng perlod Cash and ¢*sh equivglents at tbe beginnlttg of the reportlng perlod {8.757) 3.295 27,506 24211 Cttsh And c8$h equlvalents at tbe end of th¢ reportiug period 18.749 27,506 The notes fonn part of these financial statements Page 6
The Patsy Bloom Charfitable Trust F4otes to the Cash Flow StateDfrnt for the year ended 31 Decenther 2023 RECONCILIATION OF NET (EXPENDITiIREWCOME TO NET CASH FLOW FROM OPERATING ACTIVITJES 2023 2022 Net {expendIture)f¢Qrne for the reportlng perlod (as per the Statement of Financial Activities) Adjustjnents for: Decreasc/(illcrea5e) in debtors De¢r¢e in creditors (11,191) 9.676 3,874 (1,440) (4.471) (1.9lO) Net e*$h (used in)Iprovlded by operattons (8,757) 3,295 ANALYSIS OF CHAIYGES lly NET FUNDS At 1.1.23 Casb Ilow At31.12.23 Net cash Cash at bank 27,506 {8.757) 18.749 27.506 (8,757) 18,749 Total 27,506 (8,757) 18,749 The note5 forni part of these finAncial ststements Page 7
The PAtsy Bloom Cbaritsble Th18t Notes to the Flnall¢lal Ststenllts for the year ended 31 De¢ember 2023 ACCOUNTll¥4G POLICIES of preparkng the fandal stalennts The finala1 sthteD]ents of the clMrity. which is a public benefit entity undeT FRS 102. bave been preparcd in accordance with the Charities SORP (FRS 102) 'AwountiDg and Reporting by Cbariti&%'. StsteMt of ReC0mll1ed Practice applicable to charities preparing their accounts tn accordance with the Find1 Reporting Standard applicable in the UK and R¢publi¢ of tre1 (FRS 102) (¢fftctivc l January 2019),. Financial Reporting Stslldard 102 The Finallcial Reporting Standard applicabl¢ in the UK Republic of Treland, and the Clwiti¢s Act 2011. The finaTKial slatements have been Prepared under the bistorical cost convention. In¢ome All income is recogtiised in the Statement of Fitwwial Activities once the chlty has Entitlenwit to the fimds, it 18 probable that the income will be received and the amount can be measurgj r¢liably. Expendltur¢ Liabilities arc Tecognised as eXdItUTe sijon as there is a legal or constru¢tiv¢ obligation ¢ommittiDg the cl]wity to that expenditure. it is probable that a transfer of economic benefits will be required in settlement and the anUnt of tbe obligation cao be rne re]iably. Expenditure is account for on an accnmls basis and has been ¢lassified under beathDgs that aggr¢gate 811 cost related to the category. Where costs cw]not be directly attributed to particular headings they have been allocated to activilies on a basis consistenl with th¢ use of resour. InVeStllnt pn)perty Investment property 18 shown at mt)st recent Valuatio Any a8gate surylus or d¢ficit arising from changes in fair value is recognised in the StatemEnt of Financial Activities. Taxation The charAty is exempt tsx on its clwitable activities. Fund accounting Unresirici¢J fund5 can be u8¢d in accordance with the cl]aritable obicctives at the discretion of th¢ ttuslees. R¢strACt¢d fimd8 ¢aL only be used for particular re8tri¢tcd PUTPOS¢S Witbin the objects of the Chllty. Restrictions arise wh¢n specifi¢d by the doIr or wh¢n fimds ar¢ rni8uI for parlicu18r r¢stsi¢t¢d putposcs. Further explanation of the nature and purpose of each lld is included in the notes to th¢ fjnanciAI statement& DONATIONS AND LEGACIES 2023 2022 DonatioTJS 50,000 VESTMENT llYCOME 2023 2022 Rents received 31,612 24,079 Page 8 continued..
Th¢ Patsy Bloom ChAritsble Trnst Notes to the Finandal Statements- eonthiued for the yeAr ended 31 December 2023 CHARITABLE ACTIVITIES COSTS Suppon costs (see otc 5) Direct Costs Tothls Charitable activities 40.694 2.109 42.803 SUPPORT COSTS Governance costs Totals Charitable a¢tivitics 509 2,109 TRUSTEES, REMUI4EK4TION AND BENEFffS There wcrc no tru5tees' remllnerntion or otber benefits foT the year ended 31 December 2023 nor for the year ended 31 DecembeT 2022. Trustses. expenses Thcre were no trste¢S, expenses paid for tbe year ended 31 December 2023 nor for the year cnded 31 December 2022. COMPARATIVES FOR STATEMENT OF FINANCIAL AcTIVIs Unrestricted fund INCOME AND ENDOWMENTS FROM Donations and l¢ga¢ies 50,000 Inv¢stllLent income 24,079 Totsl 74,079 Ch4rltable a¢dtle9 Charitsble activities 64.403 NET INCOME 9,676 RECONCILIATION OF FUNDS Totst fidS brougbt fotward 919,006 TOTAL FUIYDS CARRIED FORWARD 928,682 Page 9 continued...
The Patsy Bloom Charltable Trugt Notes to the Flnyéndal Ststements - continued for the year ended 31 Deeember 2023 INVLSTMENf PROPERTY FAIR VALUE At l January 2023 and 31 December 2023 895,000 NET BOOK VALUE At 31 Decetnber 2023 895.000 At 31 December 2022 895,000 DEBTORS: AMOUNtS FAILING DIIE wrfHIN ONE YEAR 2023 2022 Other debtor8 4.390 552 8,508 308 4,942 8.816 io. 2023 2022 Oth¢r cr¢ditOTS 1,200 2,640 11. MOVEME IN FUNDS N¢t mov¢Tnent At 31.12.23 At 1.1.23 Unrestrktsd hnds General fid 928,682 (11,19E) 917.491 TOTAL FUNDS 928,682 (11,191) 917,491 N¢t movemenr in llaS, in¢lud¢d in thc above are as follows: Incoming r¢sources Resources expended Movement in fjjnds Unre8trleted funds General fitud 31.612 (42.803) (11,191) TOTAL FUNDS 31.612 (42,803) (11.191) P88e 10 continue(L..
The Patsy Bloom Charitsble Trust Notes to the Flnand21 StatemeDts- Continued for the year ended 31 December 2023 11. MOVEMENT IN FUNDS- continued Comparalives for nUbvent in fullds Net movement in fimds At 31.12.22 At 1.1.22 UDrestritted fund G¢neraJ fund 919,006 9,676 928.682 IDTAL FUNDS 919,006 9,676 928,682 Comparative net movement in included in the above are as follows: re50urccs cxpclldcd in fimds Unrestrietsd fundg General fund 74.079 (64,403) 9,676 TOTAL FUNDS 74,079 (64,403) 9,676 A current year 12 months and prior ye2T 12 months combined position is as follows: Net At 31.12.23 At 1.122 in fund5 Unrestricted fuDds General fisnd 919,006 (1.515) 917,491 TOTAL FUls 919,006 (1,515) 917,491 A current year 12 months and prior year 12 months combined net mov¢m¢nt in fimds. included ill the above are as follo8. Resources expended MovemeJ)t in fimd5 resources Unrestrlcted funds Gene1 fund 105,691 (107206) (1,515} TOTAL FUNDS 105.691 (107206) (1,515) Page 11 continued...
The Pat$y Bloom CharRtable Trust Notes to the FknaDclal S¢atemeDts - contlnued for the ye&r ended 31 December 2023 12. RELATED PARTY J)ISCLOSURFS There were no r¢latcd paty tranwtions for the year cnded 31 Dccembei 2023. Page 12