THE N & R GRUNBAUM CHARITABLE TRUST
(Registered Charity Number 1068524)
Financial Statements for the year ended 31 March 2023
THE N & R GRUNBAUM CHARITABLE TRUST
CONTENTS
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3 Trustees Annual Report
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5 Independent Examiners Report to the trustees 6 Statement of Financial Activities
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7 Balance Sheet
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8 Notes to the Financial Statements
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THE N & R GRUNBAUM CHARITABLE TRUST
Trustees’ Report for the year ended 31 March 2023
The trustees present their report and the unaudited financial statements of the charity for the year ended 31 March 2023.
REFERENCE AND ADMINISTRATIVE INFORMATION
Registered charity name THE N & R GRUNBAUM CHARITABLE TRUST Charity Registration Number 1068524 Principal Office 7 Northdene Gardens London N15 6LX
Trustees
The trustees who served the charity during the period were as follows:
Mr N Grunbaum Mrs R Grunbaum Mr D Grunbaum
Independent Examiner B Olsberg & Co Chartered Accountants and Registered Auditors Enterprise House 3 Middleton Road Manchester M8 5DT
STRUCTURE, GOVERNANCE AND MANAGEMENT
The charity is constituted and governed by a Trust Deed dated 22 January 1998. The charity is managed and controlled by the trustees who meet regularly.
RECRUITMENT, INDUCTION AND TRAINING
It is not the intention of the trustees of the charity 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 identified and reviewed the major risks to which the charity is exposed. Both Manual and automated checks are regularly invoked, particularly those relating to the operations and finance of the charity. The trustees are satisfied that these systems and procedures mitigate any perceived risks.
OBJECTIVES AND ACTIVITIES
The charity was formed for the relief of poverty and the advancement of Jewish education and Jewish religion.
PUBLIC BENEFIT
The trustees confirm their compliance with the duty to have due regard to the Public Benefit guidance published by the Charity Commission when reviewing the charity’s aims and objectives in planning future activities.
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THE N & R GRUNBAUM CHARITABLE TRUST
Trustees’ Report for the year ended 31 March 2023 (Cont…..)
ACHIEVEMENTS AND PERFORMANCE
During the year the charity received donations, all of which have been applied in grants in furtherance of its objectives.
FINANCIAL REVIEW
During the year, the charity’s incoming resources exceeded the outgoing resources. The trustees are satisfied with the results for the year.
The trustees do not seek to maintain reserves, other than to ensure that they can continue the activities of the charity.
PLANS FOR FUTURE PERIODS
There are no current plans to change the activities or modus operandi in the foreseeable future.
Signed on behalf of the trustees
3 January 2024
N Grunbaum Esq Trustee
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THE N & R GRUNBAUM CHARITABLE TRUST
INDEPENDENT EXAMINERS’ REPORT TO THE TRUSTEES OF THE N & R GRUNBAUM CHARITABLE TRUST
YEAR ENDED 31 MARCH 2023
I report on the accounts of the charity for the year ended 31 March 2023 which are set out on pages 6 to 10.
Respective Responsibilities of Trustees and Examiner
The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year (under the Charities Act 2011) and that an independent examination is needed.
It is my responsibility to:
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examine the accounts (under section 145 of the 2011 Act)
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;
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to follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5)(b) of the Act; and
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to state whether particular matters have come to my attention.
Basis of Independent examiners’ report
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and the seeking of explanations from you as a trustee concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and, consequently I do not express an audit opinion on whether the accounts present a ‘true and fair view’.
Independent examiners statement
In connection with my examination, no matter has come to my attention:
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(1) which gives me reasonable cause to believe that, in any material respect the trustees have not met the requirements to ensure that:
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proper accounting records are kept (in accordance with section 130 of the Act; and
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accounts are prepared which agree with the accounting records and comply with the accounting requirements of the Act; or
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(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached
B Olsberg B Olsberg & Co Chartered Accountants Enterprise House 3 Middleton Road Manchester M8 5DT 3 January 2024
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THE N & R GRUNBAUM CHARITABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023
| Total Funds 2023 £ Note INCOMING RESOURCES Incoming resources from generating funds: Voluntary Income 244,515 Interest Received 3 - TOTAL INCOMING RESOURCES 44,515 RESOURCES EXPENDED Charitable activities 449,884 Governance Costs 5 720 TOTAL RESOURCES EXPENDED 50,604 NET INCOMING/(OUTGOING) RESOURCES FOR THE YEAR(6,089) Total funds brought forward 16,043 TOTAL FUNDS CARRIED FORWARD 9,954 |
2022 £ 78,350 - 78,350 67,419 720 68,139 10,211 5,832 16,043 |
|---|---|
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THE N & R GRUNBAUM CHARITABLE TRUST
BALANCE SHEET AS AT 31 MARCH 2023
----- Start of picture text -----
Note 2023 2022
£ £ £ £
CURRENT ASSETS
Sundry debtors 1,700 -
I.T. Repayment 7,925 14,375
Cash at Bank 1,049 2,388
10,674 16,763
CREDITORS: Amounts falling 7 (720) ( 720)
due within one year
TOTAL ASSETS LESS CURRENT LIABILITIES 9,954 16,043
FUNDS
Unrestricted income funds 8 9,954 16,043
TOTAL FUNDS 9,954 16,043
----- End of picture text -----
Approved by the Board of Trustees on 3 January 2024 and signed on its behalf
………………………………….. Trustee N R GRUNBAUM ………………………………….. Trustee
The notes form part of these accounts
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THE N & R GRUNBAUM CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
1. ACCOUNTING POLICIES
1.1 Basis of accounting
The financial statements have been prepared under the historical cost convention, and in accordance with applicable United Kingdom accounting standards and the requirements of the Statement of Recommended Practice "Accounting and Reporting by Charities" issued in March 2005 (SORP 2005).
Incoming resources
All donations are recognised in the Statement of Financial Activities (SOFA) of the charity when received. All other income is recognised on a receivable basis.
Liability recognition
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.
Charitable Activities
Charitable Activities are only recognised in the accounts when paid.
Fixed assets
All fixed assets are initially recorded at cost.
| 2. | VOLUNTARY INCOME | Total Funds | Total Funds |
|---|---|---|---|
| 2023 | 2022 | ||
| £ |
£ | ||
| Donations | |||
| General Donations | 36,590 | 63,975 | |
| I.T. Repayment Due | 7,925 | 14,375 | |
| 44,515 | 78,350 |
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THE N & R GRUNBAUM CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023 Cont……
| 3. | COSTS OF CHARITABLE ACTIVITES BY FUND TYPE | COSTS OF CHARITABLE ACTIVITES BY FUND TYPE | |
|---|---|---|---|
| Total Funds | Total Funds | ||
| 2023 | 2022 | ||
| £ |
£ | ||
| General Grants | 49,884 | 67,419 | |
| 4. | COSTS OF CHARITABLE ACTIVITIES BY ACTIVITY TYPE | ||
| Total Funds | Total Funds | ||
| 2023 | 2022 | ||
| £ |
£ | ||
| General Grants | 49,884 |
67,419 | |
| 5. | GOVERNANCE COSTS | Total Funds | Total Funds |
| 2023 | 2022 | ||
| £ |
£ | ||
| Accountancy Fees | 720 | 720 | |
| 6. | STAFF COSTS AND EMOLUMENTS | ||
| No salaries or wages have been paid to employees, including the members of | |||
| the committee, during the year. | |||
| 7. | CREDITORS: Amounts falling due within one year |
| 2023 | 2022 | |
|---|---|---|
| £ |
£ | |
| Other creditors | 720 | 720 |
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THE N & R GRUNBAUM CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023 Cont……
8. UNRESTRICTED INCOME FUNDS
| Balance at | Incoming | Balance | |
|---|---|---|---|
| 1 April 2022 | resources | 31 March 2023 | |
| £ | £ | £ | |
| General funds | 16,043 | (6,089) | 9,954 |
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