REGISTERED CHARITY NUMBER: 1065637
HIGHFIELD CHARITABLE TRUST
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
Sugarwhite Meyer Accountants Ltd First Floor 94 Stamford Hill London N16 6XS
HIGHFIELD CHARITABLE TRUST
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 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 |
HIGHFIELD CHARITABLE TRUST
REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 DECEMBER 2021
TRUSTEES P Ullmann D Ullmann PRINCIPAL ADDRESS 36 Highfield Gardens London NW11 9HB REGISTERED CHARITY 1065637 NUMBER INDEPENDENT EXAMINER Sugarwhite Meyer Accountants Ltd First Floor 94 Stamford Hill London N16 6XS
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HIGHFIELD CHARITABLE TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021
The trustees present their report with the financial statements of the charity for the year ended 31 December 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 and aims
The objects of the charity are the relief of poverty and sickness and the advancement of poverty of Jewish Religion.
The trustees confirm that they have given due regard the Charity Commission's guidance on public benefit.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
The trustees are pleased with results of the year. There was a substantial increase in income and the trustees made grant towards social welfare in the community.
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. Reserves at the year end were £17 (2020 - £99).
FUTURE PLANS
The charity plans to continue its activities for the foreseeable future subject to satisfactory income.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is constituted and governed by a Trust Deed dated 21 November 1995.
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
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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.
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.
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HIGHFIELD CHARITABLE TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021
Approved by order of the board of trustees on 15 September 2022 and signed on its behalf by:
P Ullmann - Trustee
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HIGHFIELD CHARITABLE TRUST
Independent examiner's report to the trustees of Highfield Charitable Trust
I report to the charity trustees on my examination of the accounts of Highfield Charitable Trust (the Trust) for the year ended 31 December 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
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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.
E Meyer FCA BSc Sugarwhite Meyer Accountants Ltd First Floor 94 Stamford Hill London N16 6XS
15 September 2022
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HIGHFIELD CHARITABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021
| 2021 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 45,091 EXPENDITURE ON Charitable activities 2 Grant making 44,813 Support cost 360 Total 45,173 NET INCOME/(EXPENDITURE) (82) RECONCILIATION OF FUNDS Total funds brought forward 99 TOTAL FUNDS CARRIED FORWARD 17 |
2020 Total funds £ 8,072 8,288 - 8,288 (216) 315 99 |
|---|---|
The notes form part of these financial statements
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HIGHFIELD CHARITABLE TRUST
BALANCE SHEET 31 DECEMBER 2021
| Notes CURRENT ASSETS Cash at bank CREDITORS Amounts falling due within one year 6 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 7 Unrestricted funds TOTAL FUNDS |
2021 2020 Total Total funds funds £ £ 377 99 (360) - 17 99 17 99 17 99 17 99 17 99 |
2021 2020 Total Total funds funds £ £ 377 99 (360) - 17 99 17 99 17 99 17 99 17 99 |
|---|---|---|
| 99 | ||
| 99 | ||
| 99 | ||
| 99 | ||
| 99 |
The financial statements were approved by the Board of Trustees and authorised for issue on 15 September 2022 and were signed on its behalf by:
P Ullmann - Trustee
The notes form part of these financial statements
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HIGHFIELD CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 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
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 in the year in which they are incurred and includes irrecoverable VAT which is reported as part of the expenditure to which it relates.
Grants are only recognised in the accounts when paid.
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.
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. CHARITABLE ACTIVITIES COSTS
| Grant funding of activities Support (see note costs (see 3) note 4) £ £ Grant making 44,750 63 Support cost - 360 44,750 423 |
Totals £ 44,813 360 |
|---|---|
| 45,173 |
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HIGHFIELD CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021
3. GRANTS PAYABLE
| Grant making The total grants paid to institutions during the year was as follows: Advancement of religion Relief of poverty Social welfare |
2021 £ 44,750 2021 £ - 1,000 43,750 44,750 43,750 1,000 44,750 |
2020 £ 8,144 |
|
|---|---|---|---|
| 2020 £ 5,471 2,673 - |
|||
| 8,144 | |||
| The Common Good Foundation | |||
| Other | |||
4. SUPPORT COSTS
| Governance | |||
|---|---|---|---|
| Finance | costs | Totals | |
| £ | £ | £ | |
| Grant making | 63 | - | 63 |
| Support cost | - | 360 | 360 |
| 63 | 360 | 423 | |
| Support costs, included in the above, are as follows: | |||
| Finance | |||
| 2021 | 2020 | ||
| Grant | Total | ||
| making | activities | ||
| £ | £ | ||
| Bank charges | 63 | 44 | |
| Governance costs | |||
| 2021 | 2020 | ||
| Support | Total | ||
| cost | activities | ||
| £ | £ | ||
| Independent examiner's fee | 120 | - | |
| Independent examiner's other fees | 240 | - | |
| General expenses | - | 100 | |
| 360 | 100 |
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HIGHFIELD CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2021 nor for the year ended 31 December 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2021 nor for the year ended 31 December 2020.
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
7.
| 2021 | 2020 | ||
|---|---|---|---|
| £ | £ | ||
| Other creditors | 360 | - | |
| MOVEMENT IN FUNDS | |||
| Net | |||
| movement | At | ||
| At 1.1.21 | in funds | 31.12.21 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 99 | (82) | 17 |
| TOTAL FUNDS | 99 | (82) | 17 |
| Net movement in funds, included in the above are as follows: | |||
| Incoming | Resources | Movement | |
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 45,091 | (45,173) | (82) |
| TOTAL FUNDS | 45,091 | (45,173) | (82) |
Comparatives for movement in funds
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.1.20 | in funds | 31.12.20 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 315 | (216) | 99 |
| TOTAL FUNDS | 315 | (216) | 99 |
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HIGHFIELD CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021
7. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 8,072 | (8,288) | (216) |
| TOTAL FUNDS | 8,072 | (8,288) | (216) |
8. RELATED PARTY DISCLOSURES
All donations were received from the trustees.
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