Registered Charity No 1068651
HORWICH SHOTTER CHARITABLE TRUST
TRUSTEES REPORT AND ACCOUNTS YEAR ENDED 30 NOVEMBER 2021
Levensons Ltd
Chartered Certified Accountants
Rico House
George Street
Prestwich Manchester M25 9WS
HORWICH SHOTTER CHARITABLE TRUST
Registered Charity No 1068651
YEAR ENDED 30 NOVEMBER 2021
Contents
Trustees' Annual Report ..................... ........................................................................................... 2 Independent Examiner's Report ..................................................................................................... 4 Horwich Shotter Charitable Trust .................................................................................................. 4 Statement Of Financial Activities ................................................................................................... 5 Balance Sheet .................................................................................................................................. 6 Notes To The Accounts .................................................................................................................... 7
HORWICH SHOTTER CHARITABLE TRUST
TRUSTEES' ANNUAL REPORT FOR THE YEAR ENDED 30 NOVEMBER 2021
The trustees present their report along with the financial statements of the charity for the year ended 30 November 2021. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity’s trust deed, the Charities Act 2011 and the Statement of Recommended Practise: Accounting and Reporting by Charities issued in January 2015.
| Constitution: | The charity’s governing document is a trust deed dated 27 October 1997 |
|---|---|
| Charity Registration Numbers: | 1068651 |
| Principle Address of Charity: | 13 Singleton Rd |
| Salford | |
| M7 4NN | |
| Charity Trustees during the year: | M E Horwich |
| H S Horwich | |
| J Horwich | |
| A Horwich | |
| Agents and advisers: | |
| Independent examiners: | Rico House |
| George St | |
| Prestwich | |
| M25 9WS | |
| Levensons Ltd will be proposed for reappointment at the trustees’ meeting. | |
| Bankers: | Bank of Scotland |
| 33 Old Broad St | |
| London | |
| EC2N 1HW | |
| Structure, governance and management: |
The Charity is an unincorporated charity, constituted under a trust deed dated 27 October 1997 |
| Appointment of other trustees is at the discretion of the serving trustees. | |
| All decisions made on behalf of the charity are made by the trustees. | |
| Governing Document: | The Charity’s governing document is a Trust Deed dated 27 October 1997. |
| Risk Management: | |
| The trustees have conducted their own review of the major risks to which the charity | |
| is exposed and systems have been established to mitigate these risks. These | |
| procedures are periodically reviewed to ensure that they still meet the needs of the | |
| charity. |
Page 2
HORWICH SHOTTER CHARITABLE TRUST
TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 30 NOVEMBER 2021
Objectives and activities: The Horwich Shotter Charitable Trust exists to receive and distribute charitable donations to worthy causes primarily within the Jewish Community. The charity's main income is from donations.
The objective of the charity is the relief of poverty and the advancement of Jewish education and Religion.
The Trustees confirm that they have referred to the Charity Commission’s guidance on public benefit when reviewing the Trust’s aims and objectives and in planning future activities.
During the year the trust continued to distribute the majority of donations it Achievements and performance: received to various charities. At the year end the trust's unrestricted reserves were £110,056 (2020 £160,398). During the year the charity received donations of £36,658. It distributed Financial review: £89,581 to the various charities. There is no formal policy to maintain a set level of reserves as the Charity's main aim is to distribute all available income to various charities. Therefore, Reserves policy: the Trustees believe that no special reserves need to be held. The charity is still considered solvent as the trustees do not plan to call in the loan made to the charity.
The trustees plan to continue to seek donations which they aim to then distribute to various charities.
Future plans:
Page 3
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
HORWICH SHOTTER CHARITABLE TRUST
I report on the Accounts of the Trust for the year ended 30 November 2021, which are set out on pages 5 to 7. Respective
Responsibilities of Trustees and independent Examiner
The Charity’s Trustees are responsible for the preparation of the Accounts and as such consider that an audit is not required for the year under review in accordance with Section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
it is my responsibility to:
-
examine the Accounts under Section 145 of the 2011 Act;
-
follow the procedures laid down in the general Directions given by the Charity Commission under
-
Section 145(5)(b) of the 2011 Act; and
-
state whether particular matters have come to my attention.
Basis of Independent Examiner’s 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 seeking explanations from you as Trustees 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 the view given by the Accounts.
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 the requirements:
o to keep accounting records in accordance with Section 130 of the 2011 Act; and
o to prepare Accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act.
have not been met; or
- to which, in my opinion, attention should be drawn in order to enable a proper understanding of the Accounts to be reached.
Y Levenson Rico House George St Prestwich M25 9WS
Date: 30/09/2022
Page 4
HORWICH SHOTTER CHARITABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 NOVEMBER 2021
| Notes | 2021 | 2020 | |||||||
|---|---|---|---|---|---|---|---|---|---|
| £ £ | £ | £ | |||||||
| INCOME AND ENDOWMENTS | |||||||||
| Donations | Received | 2 | 36,658 | 185,115 | |||||
| Investment Income | 3 | 6,877 | 1,407 | ||||||
| 43,535 | 186,422 | ||||||||
| Total income | |||||||||
| EXPENDITURE | |||||||||
| Expenditure on |
charitable | 4 | 93,877 | 84,726 | |||||
| activities | |||||||||
| Loan interest | - | - | |||||||
| Total expenditure | 93,877 | 84,726 | |||||||
| Net income | (50,342) | 101,696 | |||||||
| Net movement In funds | (50,342) | 101,696 | |||||||
| Total funds brought forward | 160,398 | 58,702 | |||||||
| Total funds carried forward | 110,056 | 160,398 |
Page 5
NORWICH SHOTTER CHARITABLE TRUST
BALANCE SHEET AS AT 30 NOVEMBER 2021
| Notes FIXED ASSETS CURRENT ASSETS Cash at bank Debtors Loans CURRENT LIABILITIES Creditors 5 Freehold land & Buildings NET ASSETS FUNDS OF THE CHARITY Unrestricted charity funds |
2021 £ 5206 13,810 19,016 149,911 240,951 110,056 110,056 |
5,067 13,990 19,057 212,860 2020 £ 240,951 160,398 160,398 |
|---|---|---|
Page 6
HORWICH SHOTTER CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2021
1. Accounting policies
1.1 Accounting convention
The Accounts are prepared under historical cost convention and in accordance with the Applicable Accounting Standards.
The Accounts have been prepared in accordance with the Statement of Recommended Practice “Accounting and reporting by Charities” issued in January 2015 and the Charities Act 2011.
1.2 Incoming resources
Donations represent amounts receivable during the year. Investment income represents interest receivable from cash
deposits.
1.3 Resources expended
Expenditure that is directly attributable to specific activities has been included in the relevant cost categories. Other costs, which are attributable to more than one activity are apportioned across direct charitable Expenditure and management and administration expenditure on the basis of amounts involved in each activity.
1.4 Governance costs
Governance costs comprise of ail costs involving the public accountability of the charity and its compliance with regulation and good practice. '
1.5 Funds
Funds held by the charity are unrestricted. These being funds which can be used in accordance with the charitable objects at the discretion of the trustees.
2. Donations and legacies
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Donations | 36,658 | 185,015 |
| Investment income {UK) | ||
| 2021 | 2020 | |
| £ | ||
| Interest receivable | 2 | 2 |
| Property Income | 6,875 | 1,407 |
Page 7
HORWICH SHOTTER CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2021
4. Expenditure
| Other | Grant | Total | Total | |
|---|---|---|---|---|
| Costs | Funding | 2021 | 2020 | |
| £ | £ | £ | £ | |
| Charitable activities | ||||
| Expenditure on charitable activities | ||||
| Grant funding of activities | - | 89,581 | 89,581 | 84,726 |
| - | 89,581 | 89,581 | 84,726 |
6 Trustees
No amounts were paid in respect of trustee indemnity insurance.
No trustee of the charity received any remuneration during the financial year for their work as trustees nor did any of them receive any re-imbursement of expenses.
7 Employees
There were no employees during the year
8 Creditors
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Trustee Loan | 149,911 | 99,610 |
| 149,911 | 99,610 |
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