**Charity number: 1068254** ## **The Richard Harris Charitable Trust** ## **Unaudited** **Trustees' report and financial statements** **for the year ended 31 December 2022** **The Richard Harris Charitable Trust** ## **Contents** ||Page| |---|---| |**Reference and administrative details of the Charity, its Trustees and advisers**|1| |**Trustees' report**|2 - 3| |**Independent examiner's report**|4| |**Statement of financial activities**|5| |**Balance sheet**|6| |**Notes to the financial statements**|7 - 13| **The Richard Harris Charitable Trust** **Reference and administrative details of the Charity, its Trustees and advisers for the year ended 31 December 2022** ## **Trustees** Mrs Lucy Marks Mrs Esther Isaacs (resigned 18 December 2023) ## **Charity registered number** 1068254 ## **Principal office** Flat 95 Dorset House Gloucester Place London NW1 5AF ## **Accountants** Kreston Reeves LLP Chartered Accountants 2nd Floor 168 Shoreditch High Street London E1 6RA Page 1 ## **The Richard Harris Charitable Trust** ## **Trustees' report for the year ended 31 December 2022** The Trustees present their annual report together with the financial statements of the Charity for the 1 January 2022 to 31 December 2022. ## **Objectives and activities** ## **a. Policies and objectives** In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'. The Trust's objectives are to distribute the income and capital of the Trust for any charitable purpose. ## **b. Activities undertaken to achieve objectives** The policies adopted in furtherance of these objectives are to distribute grants to established charities of high repute. The Trustees rarely give direct aid to individuals nor do they seek to raise funds from the public, and there has been no change in these objectives during the year. ## **Achievements and performance** ## **a. Review of activities** During the year the Trustees have examined requests from a large number of institutions and have made grants amounting to £611,300 (2021: £577,933). ## **Financial review** ## **a. Going concern** After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies. ## **b. Reserves policy** It is the policy of the Trust that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six months' expenditure. The Trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the Trust's current activities while consideration is given to ways in which additional funds may be raised. ## **Structure, governance and management** ## **a. Constitution** The Richard Harris Charitable Trust is a registered charity, number 1068254, and is constituted under a Trust deed. ## **b. Methods of appointment or election of Trustees** The recruitment and appointment of new Trustees is agreed by existing Trustees at the Annual General Meeting. Page 2 Th• Rl¢hafd Harr15 Chathable Trusl T￿$t•￿' report l¢ontinutdl lor th* y•ar •ndtd 31 Decem￿1 2022 8truBtur•, ¥ov¢rnanc• #nd minag•m•nt l¢ontinu•dl ¢. Rlsk maDAg•m•nt The Tw51ee5 hav¢ assessed the mapr nsks lo th8 Chanty LB exFos•J, in portioJLqr rolated lo Iha OP8raliMs and finances of the Chanty. and are satssfN*Y trwl system5 and prtt•Jures are ift p*e 10 milwala exp￿Ure lo the mw ￿kS Approv8d by orderol the mombws of fv t￿d ofTrus*•swrfl swJr*d ￿ ￿"r ￿h￿rbY.. Lucy Ma￿$ Page 3 ## **The Richard Harris Charitable Trust** ## **Independent examiner's report** ## **for the year ended 31 December 2022** ## **Independent examiner's report to the Trustees of The Richard Harris Charitable Trust ('the Charity')** I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 December 2022. ## **Responsibilities and basis of report** As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 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 the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. ## **Independent examiner's statement** Your attention is drawn to the fact that the Charity has prepared the accounts 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) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn. I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or 2. the accounts do not accord with those records; or 3. 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. Signed: Dated: 13 February 2024 Stephen Tanner BSc (Econ) FCA Kreston Reeves LLP Chartered Accountants 2nd Floor 168 Shoreditch High Street London E1 6RA Page 4 **The Richard Harris Charitable Trust** ## **Statement of financial activities for the year ended 31 December 2022** |**Note**
**Income from:**
Donations and legacies
2
Investments
3
**Total income**
**Expenditure on:**
Charitable activities
**Total expenditure**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
Net movement in funds
**Total funds carried forward**|**Unrestricted**
**funds**
**2022**
**£**
**208,600**
**157**
**208,757**
**611,300**
**611,300**
**(402,543)**
**617,715**
**(402,543)**
**215,172**|**Total**
**funds**
**2022**
**£**
**208,600**
**157**
**208,757**
**611,300**
**611,300**
**(402,543)**
**617,715**
**(402,543)**
**215,172**|_Total_
_funds_
_2021_
_£_
_996,534_
_30_
_996,564_| |---|---|---|---| ||||_577,433_
_577,433_| ||||_419,131_| ||||_198,584_
_419,131_
_617,715_| The notes on pages 7 to 13 form part of these financial statements. Page 5 Th¢ Ri¢hArd H4rrk Charltabl• Trust Balance sheet as at 31 D•cember 2022 2022 2021 Nots Flx•d ass•ts Investments 3,060 3,050 3.050 Cuff•nt assets Oebtors Cash at bank and in harKI 139,n7 72,326 139,797 474.868 212,122 614,665 N•t ¢urr•nt ass•ts 212.122 614,66S Totsl i$$•ts I￿$ ¢uN•nt Ilabilld•s 216,172 617,715 N•¢ Is$•ts •x¢ludln¥ p•n51pfi ass•t 21S,172 617, 715 Totsl n•¢ iss•ts 216,172 617,715 Charfty funds Unr•sthcted fvn06 216,172 6t7.715 Total fund5 215,172 617,715 Th8 finandd stalem8nts ￿re aFvrowJ aukn*'8*J Ic¢ Ihe Trustees jiwod on their bèhalf by Mts Lu¢y Marks ITrusleel Dalè". Ja.X.4 Thè notes on pw 7 10 13 lom part ofthese finartd slatements. **The Richard Harris Charitable Trust** ## **Notes to the financial statements for the year ended 31 December 2022** ## **1. Accounting policies** ## **1.1 Basis of preparation of financial statements** The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn. The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise states in the relevant notes to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by 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 and Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and Charities Act 2011. The Richard Harris Charitable Trust meets the definition of a public benefit entity under FRS 102. ## **1.2 Income** All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. The recognition of income from legacies is dependent on establishing entitlement, the probability of receipt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of entitlement to a legacy exists when the Charity has sufficient evidence that a gift has been left to them (through knowledge of the existence of a valid will and the death of the benefactor) and the executor is satisfied that the property in question will not be required to satisfy claims in the estate. Receipt of a legacy must be recognised when it is probable that it will be received and the fair value of the amount receivable, which will generally be the expected cash amount to be distributed to the Charity, can be reliably measured. Where the donated good is a fixed asset, it is measured at fair value, unless it is impractical to measure this reliably, in which case the cost of the item to the donor should be used. The gain is recognised as income from donations and a corresponding amount is included in the appropriate fixed asset class and depreciated over the useful economic life in accordance with the Charity's accounting policies. On receipt, donated professional services and facilities are recognised on the basis of the value of the gift to the Charity which is the amount it would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable. Page 7 **The Richard Harris Charitable Trust** **Notes to the financial statements for the year ended 31 December 2022** ## **1. Accounting policies (continued)** ## **1.3 Expenditure** Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs. Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure. ## **1.4 Investments** Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(Losses) on investments’ in the Statement of financial activities. ## **1.5 Debtors** Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. ## **1.6 Cash at bank and in hand** Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. ## **1.7 Fund accounting** General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes. Page 8 **The Richard Harris Charitable Trust** ## **Notes to the financial statements for the year ended 31 December 2022** **2. Income from donations and legacies** |**Unrestricted**
**funds**
**2022**
**£**
Donations
208,600
_Total 2021_
_996,534_
**Investment income**
**Unrestricted**
**funds**
**2022**
**£**
Bank interest
157
_Total 2021_
_30_|**Total**
**funds**
**2022**
**£**
**208,600**
_996,534_
**Total**
**funds**
**2022**
**£**
**157**
_30_|_Total_
_funds_
_2021_
_£_
_996,534_| |---|---|---| |||_Total_
_funds_
_2021_
_£_
_30_| |||| ## **3. Investment income** Page 9 **The Richard Harris Charitable Trust** ## **Notes to the financial statements for the year ended 31 December 2022** ## **4. Analysis of grants** |**Grants to**
**Institutions**
**2022**
**Total**
**funds**
**2022**
**£**
**£**
Grants to institutions
611,300
**611,300**
_Total 2021_
_577,433_
_577,433_
The Charity has made the following material grants to institutions during the year:
**2022**
**£**
**Name of institution**
Chai Cancer Care
**5,000**
Crisis UK
**5,000**
CST
**100,000**
Food Bank Aid
**5,000**
Future Dreams Trust
**10,000**
Holocaust Educational Trust
**10,000**
J Roots
**3,600**
Jewish Care
**301,000**
Jewish Volunteering Network
**10,000**
Magen David Adom
**5,000**
Merseyside Jewish Community Care
**-**
My Israel
**12,000**
National Holocaust Centre
**27,000**
Norwood Ravenswood
**50,000**
Western Marble Arch Synagogue
**8,000**
Willow Foundation
**1,000**
Wizo
**30,000**
**582,600**
Other grants to institutions
**28,700**
**611,300**|_Total_
_funds_
_2021_
_£_
_577,433_| |---|---| ||_2021_
_£_
_5,000_
_5,000_
_100,000_
_5,000_
_11,000_
_10,000_
_3,600_
_300,500_
_10,000_
_5,000_
_10,000_
_11,000_
_1,500_
_50,000_
_6,000_
_1,000_
_33,333_| ||_567,933_
_9,500_| ||_577,433_| Page 10 **The Richard Harris Charitable Trust** ## **Notes to the financial statements** ## **for the year ended 31 December 2022** ## **5. Trustees' remuneration and expenses** During the year, no Trustees received any remuneration or other benefits _(2021 - £NIL)_ . During the year ended 31 December 2022, no Trustee expenses have been incurred _(2021 - £NIL)_ . ## **6. Fixed asset investments** |**Cost or valuation**
At 1 January 2022
At 31 December 2022
**Net book value**
At 31 December 2022
_At 31 December 2021_|**Listed**
**securities**
**£**
**3,050**| |---|---| ||**3,050**| ||**3,050**| ||_3,050_| ## **7. Debtors** ||**2022**|_2021_| |---|---|---| ||**£**|_£_| |Other debtors|**139,797**|_139,797_| Page 11 **The Richard Harris Charitable Trust** **Notes to the financial statements for the year ended 31 December 2022** ## **8. Statement of funds** ## **Statement of funds - current year** |**Unrestricted funds**
General Funds - all funds
Unallocated amounts
**Statement of funds - prior year**
**Unrestricted funds**
General Funds - all funds|**Balance at 1**
**January**
**2022**
**£**
**617,715**
**-**
**617,715**
_Balance at_
_1 January_
_2021_
_£_
_198,584_|**Income**
**£**
**(208,757)**
**417,514**
**208,757**
_Income_
_£_
_996,564_|**Expenditure**
**£**
**(611,300)**
**-**
**(611,300)**
_Expenditure_
_£_
_(577,433)_|**Balance at**
**31**
**December**
**2022**
**£**
**(202,342)**
**417,514**
**215,172**| |---|---|---|---|---| |||||_Balance at_
_31_
_December_
_2021_
_£_
_617,715_| |**9.**
**Analysis of net assets between funds**
**Analysis of net assets between funds - current year**
**Unrestricted**
**funds**
**2022**
**£**
Fixed asset investments
3,050
Current assets
212,122
**Total**
215,172|**Total**
**funds**
**2022**
**£**
**3,050**
**212,122**
**215,172**| |---|---| Page 12 **The Richard Harris Charitable Trust** ## **Notes to the financial statements for the year ended 31 December 2022** **9. Analysis of net assets between funds (continued)** ## **Analysis of net assets between funds - prior year** |Fixed asset investments
Current assets
**Total**|_Unrestricted_
_funds_
_2021_
_£_
_3,050_
_614,665_
_617,715_|_Total_
_funds_
_2021_
_£_
_3,050_
_614,665_
_617,715_| |---|---|---| ## **10. Related party transactions** The Charity has not entered into any related party transaction during the year, nor are there any outstanding balances owing between related parties and the Charity at 31 December 2022. Page 13