REGISTERED CHARITY NUMBER: 1058820
BETH HAMEDRASH D'NITRA
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2021
Sugarwhite Meyer HS Ltd First Floor 94 Stamford Hill London N16 6XS
BETH HAMEDRASH D'NITRA
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2021
| Page | |||
|---|---|---|---|
| Reference and Administrative Details | 1 | ||
| Report of the Trustees | 2 | to | 3 |
| Independent Examiner's Report | 4 | ||
| Statement of Financial Activities | 5 | ||
| Balance Sheet | 6 | ||
| Notes to the Financial Statements | 7 | to | 10 |
BETH HAMEDRASH D'NITRA
REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 5 APRIL 2021
TRUSTEES
TRUSTEES Mr A Frankl Mr M Fischer Mr S Weinstock Mr J Schischa PRINCIPAL ADDRESS 9B Lampard Grove London N16 6XA REGISTERED CHARITY 1058820 NUMBER INDEPENDENT EXAMINER Sugarwhite Meyer HS Ltd First Floor 94 Stamford Hill London N16 6XS BANKERS Santander UK plc Bootle Merseyside L30 4GB
Page 1
BETH HAMEDRASH D'NITRA
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 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).
REFERENCE AND ADMINISTRATIVE INFORMATION
The information is shown on page 1 of the financial statements and forms part of this report.
OBJECTIVES AND ACTIVITIES
Objectives for public benefit
The charity operates a place of worship for members of the Orthodox Jewish Faith and promotes Orthodox Jewish educational and religious activities.
The trustees confirm that they have given due regard the Charity Commission's guidance on public benefit.
ACHIEVEMENT AND PERFORMANCE
Review of activities
The trustee are pleased with results of the year. Income increased and there was an increase in synagogue expenditure and grantmaking. There was a surplus for the year of £9,975.
FINANCIAL REVIEW
Reserves policy
The trustees do not seek to maintain reserves, other than to ensure that they can continue the activities of the charity. Reserve at the year end were £13,568 (2020 - £3,593)
STRUCTURE, GOVERNANCE AND MANAGEMENT
Constitution
The charity was established by Declaration of Trust dated 24 September 1996.
Organisational structure
The day-to-day affairs of the company are administered by the trustees. It is not the intention of the trustees to appoint any new trustees. Should the situation change in the future, the trustees will apply suitable recruitment induction and training procedures.
Risk management
The trustees have reviewed the major risks to which the charity is exposed and confirm that they have established systems to mitigate them.
STATEMENT OF TRUSTEES' RESPONSIBILITIES
The trustees are responsible for preparing the Report of the Trustees 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 and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed 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, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to
-
select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charity SORP;
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make judgements and estimates that are reasonable and prudent;
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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 business.
Page 2
BETH HAMEDRASH D'NITRA
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5 APRIL 2021
STATEMENT OF TRUSTEES' RESPONSIBILITIES - continued
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (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.
Approved by order of the board of trustees on 1 February 2022 and signed on its behalf by:
Mr M Fischer - Trustee
Page 3
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BETH HAMEDRASH D'NITRA
Independent examiner's report to the trustees of Beth Hamedrash D'Nitra
I report to the charity trustees on my examination of the accounts of Beth Hamedrash D'Nitra (the Trust) for the year ended 5 April 2021.
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
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 Trust as required by section 130 of the Act; or 2. 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.
M M Hager FAPA ACCA Sugarwhite Meyer HS Ltd First Floor 94 Stamford Hill London N16 6XS
1 February 2022
Page 4
BETH HAMEDRASH D'NITRA
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2021
| 2021 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 52,867 Investment income 2 36 Total 52,903 EXPENDITURE ON Charitable activities 3 Synagogue expenditure 34,483 Charitable activities 8,445 Total 42,928 NET INCOME 9,975 RECONCILIATION OF FUNDS Total funds brought forward 3,593 TOTAL FUNDS CARRIED FORWARD 13,568 |
2020 Total funds £ 48,882 - |
|---|---|
| 48,882 39,377 9,120 |
|
| 48,497 | |
| 385 3,208 |
|
| 3,593 |
The notes form part of these financial statements
Page 5
BETH HAMEDRASH D'NITRA
BALANCE SHEET 5 APRIL 2021
| Notes FIXED ASSETS Tangible assets 8 CURRENT ASSETS Cash at bank CREDITORS Amounts falling due within one year 9 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS Unrestricted funds TOTAL FUNDS |
2021 Total funds £ 4,177 10,211 (820) 9,391 13,568 13,568 13,568 13,568 |
2020 Total funds £ 4,914 8,519 (9,840) (1,321) 3,593 3,593 3,593 3,593 |
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 1 February 2022 and were signed on its behalf by:
Mr M Fischer - Trustee
The notes form part of these financial statements
Page 6
BETH HAMEDRASH D'NITRA
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2021
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
Donations are accounted for when received. All other income is recognised on a receivable basis.
Expenditure
Expenditure is recognised in the year in which it is incurred and includes irrecoverable VAT which is reported as part of the expenditure to which it relates.
Support costs are those incurred to assist the work of the charity but are not direct charitable activities.
Governance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings
- 15% on reducing balance
Taxation
The charity is exempt from tax on its charitable activities.
Going concern
There are no material uncertainties about the charity's ability to continue.
2. INVESTMENT INCOME
| INVESTMENT INCOME | |||
|---|---|---|---|
| 2021 | 2020 | ||
| £ | £ | ||
| Deposit account interest | 36 | - |
3. CHARITABLE ACTIVITIES COSTS
| Grant funding of Direct activities Support Costs (see (see note costs (see note 4) 5) note 6) £ £ £ Synagogue expenditure 34,483 - - Charitable activities - 7,600 845 34,483 7,600 845 |
Totals £ 34,483 8,445 |
|---|---|
| 42,928 |
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BETH HAMEDRASH D'NITRA
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5 APRIL 2021
| 4. DIRECT COSTS OF CHARITABLE ACTIVITIES 2021 £ Religious functions 11,131 Synagogue upkeep 22,615 Depreciation 737 34,483 5. GRANTS PAYABLE 2021 £ Charitable activities 7,600 The total grants paid to institutions during the year was as follows: 2021 £ Advancement of education 3,300 Relief of poverty 100 3,400 Yeshiva of Nitra 2,300 Others under £1,000 1,100 3,400 The total grants paid to individuals during the year was as follows: 2021 £ Advancement of education - Relief of poverty 4,200 4,200 6. SUPPORT COSTS Governance Other costs £ £ Charitable activities 25 820 |
2020 £ 17,234 21,276 867 |
2020 £ 17,234 21,276 867 |
|---|---|---|
| 39,377 | ||
| 2020 £ 8,255 2020 £ 3,155 - 3,155 2020 £ 100 5,000 5,100 Totals £ 845 |
2020 £ 8,255 |
|
| 2020 £ 3,155 - |
||
| 3,155 | ||
| 2020 £ 100 5,000 |
||
| 5,100 |
Page 8
BETH HAMEDRASH D'NITRA
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5 APRIL 2021
6. SUPPORT COSTS - continued
Support costs, included in the above, are as follows:
Other
| Other | ||
|---|---|---|
| 2021 | 2020 | |
| Charitable | Total | |
| activities | activities | |
| £ | £ | |
| Sundries | 25 | 25 |
| Governance costs | ||
| 2021 | 2020 | |
| Charitable | Total | |
| activities | activities | |
| £ | £ | |
| Independent examiner's fee | 420 | 420 |
| Independent examiner's other fees | 400 | 420 |
| 820 | 840 |
7. 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.
8. TANGIBLE FIXED ASSETS
| TANGIBLE FIXED ASSETS | |
|---|---|
| Fixtures | |
| and | |
| fittings | |
| £ | |
| COST | |
| At 6 April 2020 and 5 April 2021 | 8,002 |
| DEPRECIATION | |
| At 6 April 2020 | 3,088 |
| Charge for year | 737 |
| At 5 April 2021 | 3,825 |
| NET BOOK VALUE | |
| At 5 April 2021 | 4,177 |
| At 5 April 2020 | 4,914 |
Page 9
BETH HAMEDRASH D'NITRA
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5 APRIL 2021
| 9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
|---|---|---|---|
| 2021 | 2020 | ||
| £ | £ | ||
| Other creditors | 820 | 9,840 |
10. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 5 April 2021.
Page 10