**REGISTERED CHARITY NUMBER: 1070877**
## **BRITISH FRIENDS OF MOSDOS TCHERNOBEL**
**REPORT OF THE TRUSTEES AND**
## **FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 MARCH 2021**
Sugarwhite Meyer HS Ltd First Floor 94 Stamford Hill London N16 6XS
## **BRITISH FRIENDS OF MOSDOS TCHERNOBEL REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 MARCH 2021**
## **TRUSTEES**
**TRUSTEES** Rabbi N B Bindinger Mr A Schechter **PRINCIPAL ADDRESS** Dominion House 91 Dunsmure Road London N16 5HT **REGISTERED CHARITY** 1070877 **NUMBER**
## **INDEPENDENT EXAMINER**
Sugarwhite Meyer HS Ltd First Floor 94 Stamford Hill London N16 6XS
Page 1
## **BRITISH FRIENDS OF MOSDOS TCHERNOBEL**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021**
The trustees present their report with the financial statements of the charity for the year ended 31 March 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 objective of the charity are the advancement of the Orthodox Jewish Religion and Orthodox and Orthodox Jewish education.
The trustees confirm that they have given due regard the Charity Commission's guidance on public benefit.
## **Grantmaking**
Grants are made to charitable institutions and organisations which accord with the objects of the charity. The trustees are approached for donations by a wide variety of charitable institutions operating all over England. The trustees consider all requests which they receive and make donations based on circumstances and funds available.
## **FINANCIAL REVIEW**
## **Review of activities**
Both income and grantmaking increased by about 14% . Net expenditure over income at £18,513 is 12% lower compared to last year.
## **Reserves policy**
The trustees ensure that the charity has sufficient reserves to cover anticipated outgoings, In addition the trustees have received undertakings from local supporters to cover any deficit should such occasion arise. Reserve at the year end were £57,918 (2020 - £76,431).
## **FUTURE PLANS**
The trustees anticipate that the charity will continue on a similar basis in the foreseeable future subject to satisfactory income and there are no plans for any major changes.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity was constituted Deed of Trust dated 6 April 1998.
## **Organisational structure**
The day-to-day affairs of the company are administered by the trustees. It is not the intention of the trustees 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 a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
.............................................................. Rabbi N B Bindinger - Trustee
Page 2
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BRITISH FRIENDS OF MOSDOS TCHERNOBEL**
## **Independent examiner's report to the trustees of British Friends of Mosdos Tchernobel**
I report to the charity trustees on my examination of the accounts of British Friends of Mosdos Tchernobel (the Trust) for the year ended 31 March 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**
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of Institute of Chartered Accountants which is one of the listed bodies.
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:
1. accounting records were not kept in respect of the Trust as required by section 130 of the 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.
S Y Steinhaus FCA Institute of Chartered Accountants Sugarwhite Meyer HS Ltd First Floor 94 Stamford Hill London N16 6XS Date: .............................................
Page 3
## **BRITISH FRIENDS OF MOSDOS TCHERNOBEL**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021**
|**2021**
**Unrestricted**
**fund**
**Notes**
**£**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
696,120
Investment income
3
5
**Total**
696,125
**EXPENDITURE ON**
Raising funds
4
1,567
**Charitable activities**
5
Charitable activities
711,043
Other
2,028
**Total**
714,638
**NET INCOME/(EXPENDITURE)**
(18,513)
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
76,431
**TOTAL FUNDS CARRIED FORWARD**
57,918|**2020**
**Total**
**funds**
**£**
610,365
6
610,371
5,292
626,096
-
631,388
(21,017)
97,448
76,431|
|---|---|
The notes form part of these financial statements
Page 4
**BRITISH FRIENDS OF MOSDOS TCHERNOBEL**
## **BALANCE SHEET 31 MARCH 2021**
|**Notes**
**FIXED ASSETS**
Tangible assets
9
**CURRENT ASSETS**
Debtors
10
Cash at bank
**CREDITORS**
Amounts falling due within one year
11
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**CREDITORS**
Amounts falling due after more than one
year
12
**NET ASSETS/(LIABILITIES)**
**FUNDS**
Unrestricted funds
**TOTAL FUNDS**|**2021**
**Total**
**funds**
**£**
479
177,769
14,242
192,011
(9,261)
182,750
183,229
(125,311)
57,918
57,918
57,918|**2020**
**Total**
**funds**
**£**
563
169,568
11,366
180,934
(33,855)
147,079
147,642
(71,211)
76,431
76,431
76,431|
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. Rabbi N B Bindinger - Trustee
The notes form part of these financial statements
Page 5
## **BRITISH FRIENDS OF MOSDOS TCHERNOBEL**
## **CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2021**
|**Notes**
**Cash flows from operating activities**
Cash generated from operations
1
Net cash used in operating activities
**Cash flows from investing activities**
Interest received
Net cash provided by investing activities
**Cash flows from financing activities**
New loans in year
Net cash provided by financing activities
**Change in cash and cash equivalents**
**in the reporting period**
**Cash and cash equivalents at the**
**beginning of the reporting period**
2
**Cash and cash equivalents at the end**
**of the reporting period**
2|**2021**
**£**
(20,507)
(20,507)
5
5
50,000
50,000
29,498
(15,256)
14,242|**2020**
**£**
(25,931)
(25,931)
6
6
-
-
(25,925)
10,669
(15,256)|
|---|---|---|
The notes form part of these financial statements
Page 6
**BRITISH FRIENDS OF MOSDOS TCHERNOBEL**
## **NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2021**
## **1. RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES**
|**Net expenditure for the reporting period (as per the Statement**
**of Financial Activities)**
**Adjustments for:**
Depreciation charges
Interest received
Increase in debtors
Increase/(decrease) in creditors
**Net cash used in operations**
**2.**
**ANALYSIS OF CASH AND CASH EQUIVALENTS**
Notice deposits (less than 3 months)
Overdrafts included in bank loans and overdrafts falling due within
one year
Total cash and cash equivalents|**2021**
**£**
(18,513)
84
(5)
(8,201)
6,128
(20,507)
**2021**
**£**
14,242
-
14,242|**2020**
**£**
(21,017)
100
(6)
-
(5,008)
(25,931)
**2020**
**£**
11,366
(26,622)
(15,256)|
|---|---|---|
## 3. **ANALYSIS OF CHANGES IN NET DEBT**
|**Net cash**|**At 1.4.20**
**Cash flow**
**At 31.3.21**
**£**
**£**
**£**|
|---|---|
|Cash at bank|11,366
2,876
14,242|
|Bank overdraft|(26,622)
26,622
-|
||(15,256)
29,498
14,242|
|**Debt**||
|Debts falling due after 1 year|-
(50,000)
(50,000)|
||-
(50,000)
(50,000)|
|**Total**|(15,256)
(20,502)
(35,758)|
The notes form part of these financial statements
Page 7
**BRITISH FRIENDS OF MOSDOS TCHERNOBEL**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 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**
Donations are accounted for when received. All other income is recognised on a receivable basis.
## **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.
Raising funds comprise the costs incurred by the charitable company in inducing third parties to make voluntary contributions to it, as well as the cost of any activities with a fundraising purpose.
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.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings
- 15% on reducing balance
## **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. DONATIONS AND LEGACIES**
|Gifts
Donations|**2021**
**£**
(1)
696,121
696,120|**2020**
**£**
(1)
610,366
610,365|
|---|---|---|
Page 8
## **BRITISH FRIENDS OF MOSDOS TCHERNOBEL**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021**
## **3. INVESTMENT INCOME**
|Deposit account interest
**4.**
**RAISING FUNDS**
**Raising donations and legacies**
Campaign costs
Advertising
**5.**
**CHARITABLE ACTIVITIES COSTS**
Charitable activities
**6.**
**GRANTS PAYABLE**
Charitable activities
The total grants paid to institutions during the year was as
follows:
Advancement of religion
Relief of poverty
Advancement of education
Mosdos Tchernobel
Yesamach Levav
Others under £15,000
The total grants paid to individuals during the year was as
follows:
Relief of poverty|**Grant**
**funding of**
**activities**
**(see note**
**6)**
**£**
699,910||**2021**
**£**
5
**2021**
**£**
1,330
237
1,567
**Support**
**costs (see**
**note 7)**
**£**
11,133
**2021**
**£**
699,910
**2021**
**£**
661,440
-
13,970
675,410
601,030
60,410
13,970
675,410
**2021**
**£**
24,500|**2020**
**£**
6
**2020**
**£**
3,730
1,562
5,292
**Totals**
**£**
711,043
**2020**
**£**
611,745
**2020**
**£**
487,890
71,550
31,105
590,545
**2020**
**£**
21,200|
|---|---|---|---|---|
||||||
||||||
Page 9
**BRITISH FRIENDS OF MOSDOS TCHERNOBEL**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021**
## **7. SUPPORT COSTS**
|**Governance**
**Management**
**costs**
**£**
**£**
Other resources expended
-
2,028
Charitable activities
11,133
-
11,133
2,028|**Totals**
**£**
2,028
11,133
13,161|
|---|---|
Support costs, included in the above, are as follows:
## **Management**
|Rent|**2021**
**2020**
**Charitable**
**Total**
**activities**
**activities**
**£**
**£**
7,300
8,462|
|---|---|
|Telephone|1,269
1,397|
|Postage and stationery|1,454
1,464|
|General office expenses|250
475|
|Finance costs|776
593|
|Depreciation of tangible and heritage||
|assets|84
100|
||11,133
12,491|
|**Governance costs**||
|Independent examiner's fee|**2021**
**2020**
**Other**
**resources**
**Total**
**expended**
**activities**
**£**
**£**
624
540|
|Independent examiner's other fees|1,404
1,320|
||2,028
1,860|
## **8. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 March 2021 nor for the year ended 31 March 2020.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 March 2021 nor for the year ended 31 March 2020.
Page 10
**BRITISH FRIENDS OF MOSDOS TCHERNOBEL**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021**
## **9. TANGIBLE FIXED ASSETS**
|**COST**
At 1 April 2020 and 31 March 2021
**DEPRECIATION**
At 1 April 2020
Charge for year
At 31 March 2021
**NET BOOK VALUE**
At 31 March 2021
At 31 March 2020
**10.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
**2021**
**£**
Other debtors
177,769
**11.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
**2021**
**£**
Bank loans and overdrafts (see note 13)
-
Other creditors
9,261
9,261
**12.**
**CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR**
**2021**
**£**
Other creditors
125,311
**13.**
**LOANS**
An analysis of the maturity of loans is given below:
**2021**
**£**
Amounts falling due within one year on demand:
Bank overdrafts
-
Amounts falling due between two and five years:
Other loans - 2-5 years
50,000|**Fixtures**
**and**
**fittings**
**£**
1,628
1,065
84
1,149
479
563
**2020**
**£**
169,568
**2020**
**£**
26,622
7,233
33,855
**2020**
**£**
71,211
**2020**
**£**
26,622
-|
|---|---|
Page 11
**BRITISH FRIENDS OF MOSDOS TCHERNOBEL**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021**
## **14. RELATED PARTY DISCLOSURES**
The following loans and grants were made, loan of £15,000 and a grant of £60,410 to Yesamach Levav, loan of £20,200 to Forty Ltd, charities in which the trustees have an interest.
Page 12
**BRITISH FRIENDS OF MOSDOS TCHERNOBEL**
## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021**
||**Page**|
|---|---|
|**Reference and Administrative Details**|1|
|**Report of the Trustees**|2|
|**Independent Examiner's Report**|3|
|**Statement of Financial Activities**|4|
|**Balance Sheet**|5|
|**Cash Flow Statement**|6|
|**Notes to the Cash Flow Statement**|7|
|**Notes to the Financial Statements**|8 to 12|