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2022-04-05-accounts

THE ROSALYN & NICHOLAS SPRINGER CHARITABLE TRUST TRUSTEES' REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2022

CHARITY NUMBER 1062239

r

HENTON$

Chartered accountants Ground Floor, 31 Kentish Town Road London NW1 8NL

THE ROSALYN & NICHOLAS SPRINGER CHARITABLE TRUST FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2022

CONTENTS

Page
Trustees' Report 1 to 3
Independent Examiner's Report 4
Statement of Financial Activities 5
Balance Sheet 6
Notes to the Financial Statements 7 to 9

THE ROSALYN & NICHOLAS SPRINGER CHARITABLE TRUST

TRUSTEES REPORT FOR THE YEAR ENDED 5 APRIL 2022

REFERENCE AND ADMINISTRATIVE INFORMATION

Trustees:

N Springer R Springer

Governing Document and Constitution

Trust Deed dated 17 Apri 1 1997, as an unincorporated association in England.

Charity Registration Number

1062239

Charity Office

274A Kentish Town Road London NW5 2AA

Bankers

Barclays Bank pie

Accountants

Hentons Chartered Accountants Ground Floor, 31 Kentish Town Road London NW 1 8NL

1

THE ROSALYN & NICHOLAS SPRINGER CHARITABLE TRUST

TRUSTEES' REPORT (continued)

The trustees present their report and financial statements for the year ended 5 April 2022. The financial statements have been prepared in accordance with the accounting policies set out on pages 7 and 8 and comply with the charity's trnst deed and applicable law.

Structure, Governance and Management

The trustees named on page 1 served tlu-oughout the year. Appointment of trnstees is governed by the Trnst Deed of the charity. The trnstees are responsible for the day to day administration of the charity and hold periodic trnstees' meetings.

The Board of Trnstees is authorised to appoint new trnstees to fill vacancies arising through resignation or death of an existing trustee. The Board of Trustees ensures that the skill requirements of trustees are kept under review. New trustees, if required, are sought by recommendation from existing trustees, and the required training is given by the existing trustees.

Objectives and Activities for public benefit

The Charitable Trust is constituted by Trust Deed and its public benefit objectives and aims, and grant-making policy, are to apply the Trust Fund and Income thereof for assistance to those in need, for the advancement of education, religion or for other purposes beneficial to the community.

Grant - Making Policy

The trustees meet from time to time to consider making charitable grants to institutions and to review any applications for grants that have been received.

In furtherance of its public objectives, during the year the charity made institutional grants of £54,181, details of which are shown in note 3 of the Notes to the Financial Statements. The policy of the charity is to continue to apply the Trust Fund and Income thereof for the charitable purposes as specified in the Trust Deed, for public benefit.

Achievements and Performance

The trustees consider that the performance of the charity this year has been satisfactory. During the year the charity made 60 institutional grants for the aforementioned general charitable purposes in support of the public benefit activities of those institutions.

Other than the Board of Trustees, the charity is not dependent upon the services of unpaid volunteers, donations­ in-kind or other intangible income.

Financial Review

The principal source of income is donations received.

Details of expenditure on charitable activities are shown in the Statement of Financial Activities on page 5 of the Financial Statements. Expenditure incurred during the year related to Charitable Grants, and Support Costs (Governance Costs) necessary in relation to the charity's activities.

2

THE ROSALYN & NICHOLAS SPRINGER CHARITABLE TRUST

TRUSTEES' REPORT (continued)

Reserves Policy

The trustees have examined the requirement for free reserves which are those unrestricted funds not designated for a specific use. It is the policy of the charity to maintain f[r] ee reserves at a level considered adequate to provide sufficient funds for on average approximately three to six months' unrestricted expenditure to cover governance ee reserves costs and to respond to emergency applications for grants which may arise from time to time; the f[r] amounted to £28,429 at 5 April 2022.

Future Plans

The charity intends to continue making institutional grants for the aforementioned charitable purposes, as specified in the Trust Deed, for public benefit.

Risk Management

The trustees have reviewed the affairs of the charity and do not consider that there are any major, strategic, business and operational risks which the charity faces.

Going Concern

There are no uncertainties about the charity's ability to continue as a going concern as indicated in note 9 of the Notes to the Financial Statements.

Statement of tmstees' responsibilities

The trustees are responsible under the law applicable to charities in England and Wales and United Kingdom Accounting Standards including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" (United Kingdom Generally Accepted Accounting Practice) for preparing a Trustees' Annual Report and financial statements for each financial year which give a true and fair view of the charity's income and expenditure during the year and of its financial position at the end of the year. In preparing those financial statements, the trustees are required to:

The trustees are responsible for keeping accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which 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. The Trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of f[r] aud and other irregularities.

Amounts are presented within items in the Statement of Financial Activities and Balance Sheet in accordance with generally accepted accounting principles or practice, the trustees having had regard to the substance of the reported transaction or arrangement.

The trustees have complied with the duty in Section 4 of the Charities Act 2011 to have due regard to guidance issued by the Charity Commissioners, including public benefit objectives. The activities undertaken for public benefit are as hereinbefore described.

Approved

This •1 wa'. appmved by the tmstces on 2 1 DEC 2022 .......... � .. � ......... . N Springer (Trustee)

and signed on their behalf by:

'I I

3

THE ROSALYN & NICHOLAS SPRINGER CHARITABLE TRUST

FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2022

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE LAUFFER FAMILY CHARITABLE TRUST

I report on the financial statements of the Charity for the year ended 5 April 2022, set out on pages 5 to 9.

Respective responsibilities of trustees and independent examiner

As described on page 3, the charity's trustees are responsible for the preparation of the Trustees' Annual Report and financial statements. The charity's trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. The Charity has prepared "accruals basis" financial statements. I am qualified to undertake the independent examination by being a qualified member of the Institute of Chattered Accountants in England and Wales. It is my responsibility to:-

Basis of independent examiner's report

My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations f[r] om the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the financial statements present a "trne and fair" view and the report is limited to those matters set out in the statement below.

Independent examiner's statement

In connection with my examination, no matter has come to my attention which gives me reasonable cause to believe that in any material respect:-

I have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the financial statements to be reached.

Use of this report

This report is made solely to the charity's h·ustees, as a body, in accordance with the Charities Act 20 I 1. My work has been undertaken so that I might state to the charity's trustees those matters I am required to state to them in an independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's h·ustees as a body, for my work, for this repo1t, or for the independent examiner's statement.

Di. �ui\l Ground Floor A'.' Mitchell F.'c::.A. 31 Kentish Town Road Hentons London NW 1 8NL Chartered Accountants

2 3 DEC 2022

4

THE ROSALYN & NICHOLAS SPRINGER CHARITABLE TRUST

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2022

2022 2021
Notes General Fund General Fund
Income and Endowments
Donations 60,000 60,000
Investment Income 2 2 14
Total Income £60,002 £60,014
Expenditure
Expenditure on Charitable Activities :-
Direct Charitable Expenditure - Grants
Support Costs (all Governance Costs)		 3
4		 54,181
1,680		 71,517
1,680
Total Expenditure on Charitable Activities £55,861 £73,197
Net Incoming/(Outgoing) resources for the year
and Net Movements on Funds 4,141 (13,183)
Unrestricted Funds balance brought
forward at 6 April 2021		 24,288 37,471
Unrestricted Funds. balance carried
forward at 5 April 2022 £28,429 £24,288

All of the activities of the charity are classed as continuing. . ' \

The notes on pages 7 to 9 form pait of these Financial Statements.

5

THE ROSALYN & NICHOLAS SPRINGER CHARITABLE TRUST

BALANCE SHEET AT 5 APRIL 2022

Current Assets
Balances at Bank
Less: Creditors:
Amounts falling due within one year
Net Current Assets and Net Assets
Represented By :
Umestricted Funds- General Reserves
and Total Charity F�mds
Notes
5
7		 2022
30,109
1,680
£28,29
£28,29
2021
25,968
1,680
£24,88
£24,88

The notes on pages 7 to 9 form part of these Financial Statements.

Approved by the Board of Trustees on

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N Springer - Trustee
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6

THE ROSALYN & NICHOLAS SPRINGER CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2022

1. Accounting Policies Charity Information

The Rosalyn & Nicholas Springer Charitable Trust is a charity registered with the Charity Commission for England and Wales. The charity's legal form and address is shown on page I of the Trustees' Report. The nature of the charity's operations and principal activities are shown on page 2 of the Trustees' Report.

Basis of Preparation

The charity is a Public Benefit Entity as defined by Financial Reporting Standard 102 (FRS I 02).

The fmancial statements have been prepared under the historical cost convention in accordance with the Charities Act 2011, the Statement of Recommended Practice: Accounting and Reporting by Charities (Charities SORP (FRS 102) 2015 effective Januaiy 2015 as subsequently updated), the Financial Reporting Standard applicable in the United Kingdom and Republic oflreland (FRS I 02) and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The financial statements have departed f[r] om the Charities (Accounts and Rep01is) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice 2005 which is referred to in the Regulations but which has since been withdrawn.

The financial statements are prepared in Sterling which is the functional currency of the charity. Monetaiy amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared on a going concern basis in accordance with note 9 of the Notes to the Financial Statements.

Income

All income is accounted for as receivable by the charity. There were no permanent endowments received in the year (2021 - NIL).

Expenditure on Charitable Activities

Support Costs are charged on an accruals basis.

Grants are charged in the year when paid; they comprise donations to thi[r] d-party institutions in accordance with the charitable objects of the charity and its public benefit objectives.

Funds Structure

Funds held by the charity are :-

Unrestricted General Funds - these are funds which are immediately available to be used in accordance with the charitable objects at the discretion of the trustees.

Taxation

The Rosalyn & Nicholas Springer Charitable Trust is a registered charity and is therefore exempt from Income Tax and Capital Gains Tax.

7

THE ROSALYN & NICHOLAS SPRINGER CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2022 (continued)

1. Accounting Policies (continued) Value Added Tax

Value Added Tax is not recoverable by the charity and, as such, is included in the relevant costs in the Statement of Financial Activities.

2. Investment Income


Statement of Financial Activities.
2. Investment Income 2022 2021
Bank Interest £2 £14
Number of Grants Number of Grants
in year in year
ended 5/4/22 2022 ended 5/4/21 2021
3. Direct Charitable Expenditure - Grants
Charitable Donations:
Jewish Homes I I 0,000
Magen David Adom UK 4 5,350 2 6,000
Chai Cancer Care 1 3,000 l 5,000
Jewish Care 2 5,050 1 5,000
Marie Curie
LifLites		 1 2,000 1
2		 4,500
2,500
World Jewish Relief 2 3,500 1 2,000
The Langdon Foundaton 1 500 l 2,000
The Caring Family Foundation 1 2,000
Holocaust Educational Trust I 250 1 2,000
Shaare Zedek 2 5,000 3 1,660
West London Synagogue 3 1,375 4 2,900
Western Marble Arch Synagogue 6 2,046 7 3,411
JCoss 1 1,400
Jewish Women's Aid 2 1,050 2 2,000
Jewish National Fund 1 1,500
Wizo 2 1,250
British Friends oflsrael Dog Centre for the Blind 2 800 2 1,600
Nightingale I-Iammerson 2 1,260 1 1,000
Heart Cells Foundation 2 300 I 1,000
The National Holocaust Centre
Prism the Gif Fund		 1 1,000
1,000
Proms at St Jude's (S.J.P Charity Ltd) 1 1,000 1,000
UK Jewish Film Festival 1,000
Jewish Music Institute
Community Sercuity Trust		 5,000 1,000
Youth Aliyah Child Rescue 2 2,600
Camp Simcha 3 2,100
Belsize Square Synagogue l 4,000
Tikva UK l 2,000
Light of Jesus Christ Catholic Community
Other (all below £1,000)		 1
1
60		 1,000
5,000
�		 24
~~f~~		 7,796
£2

8

THE ROSALYN & NICHOLAS SPRINGER CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2022 (continued)

Number of Grants Number of Grants Number of Grants
in year in year
ended 5/4/22 ended 5/4/2 I
Note:- All grants were institutional grants fr
Medical Care and Welfre		 the purposes of:
34		 32,560 38 53,556
Religious Activities and Communal 14 15,671 17 9,311
Education 4 1,700 6 5,500
Recreation and Culture 8 4,250 4 3,150
60 ~~f~~
2022		 £l
2021
4. Support costs (all Goverance costs) in support of
Charitable Activities
Accountancy (£1,380) and costs oflndependent Examination (£300) £� £�
2022 2021
5. Creditors:Amounts falling clue within one year
Accruals £� £�

6. Staff Costs and Trustees' Remuneration

There were no employees during the year (2021-Nil).

No remuneration was paid to trustees in the year (2021-Nil) and no expenses were reimbursed to trustees in the year (2021-Nil).

7. Unrestricted Funds

Unrestricted Funds
General
Reserves
Balance at 6 April 2021 24,288
Net Movement in Funds
fr the year
Balance at 5 April 2022		 -
£28,29

8. Related Party Transaction

During the year the charity made donations to Magen David Adom (UK) and Lifelites of £5,350 and £2,000 respectively (2021 £6,000 and £2,000 respectively), both charities of which N. Springer is a trustee who d�rived no personal benefit therefrom.

9. Going Concer

There are no material uncertainties about the charity's ability to continue as a going concern having regard to the level of the charity's income, which is expected to be broadly unchanged for the future, and the Net Assets as shown by the charity's Balance Sheet at 5 April 2022.

9