**REGISTERED CHARITY NUMBER: 1077620** ## **Report of the Trustees and** ## **Unaudited Financial Statements** **for the Year Ended 31 March 2022** ## **for** ## **SOLI AND LEAH KELATY FAMILY TRUST FUND** Jeff Lermer & Associates Chartered Accountants 42 Lytton Road Barnet Hertfordshire EN5 5BY **SOLI AND LEAH KELATY FAMILY TRUST FUND** ## **Contents of the Financial Statements for the Year Ended 31 March 2022** |||**Page**|| |---|---|---|---| |**Reference and Administrative Details**||1|| |**Report of the Trustees**||2|| |**Independent Examiner's Report**||3|| |**Statement of Financial Activities**||4|| |**Balance Sheet**||5|| |**Notes to the Financial Statements**|6|to|8| |**Detailed Statement of Financial Activities**||9|| **SOLI AND LEAH KELATY FAMILY TRUST FUND** ## **Reference and Administrative Details for the Year Ended 31 March 2022** ## **TRUSTEES** ## **PRINCIPAL ADDRESS** Ms S Kelaty Mr F S Kelaty Mr D Lerer Block O Oriental Carpet Centre London N4 1TJ ## **REGISTERED CHARITY NUMBER** 1077620 ## **INDEPENDENT EXAMINER** Jeff Lermer & Associates Chartered Accountants 42 Lytton Road Barnet Hertfordshire EN5 5BY Page 1 ## **SOLI AND LEAH KELATY FAMILY TRUST FUND** ## **Report of the Trustees for the Year Ended 31 March 2022** The trustees present their report with the financial statements of the charity for the year ended 31 March 2022 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). ## **OBJECTIVES AND ACTIVITIES** religious activities both at home and abroad at the discretion of the trustees. public benefit. ## **FINANCIAL REVIEW** The income received for the year was £152,000 (2021: £95,800) and distributions to charitable totalled £134,797. Charity during the year ended 31st March 2022. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** The Trust is an unincorporated charity, Charity No. 1077620, governed by a trust deed date 7 September 1999 Its principal activity is to raise funds for worthwhile charitable causes selected at the discretion of the trustees. All trustees give their time voluntary and receive no remuneration or other benefits. Approved by order of the board of trustees on 9 January 2023 and signed on its behalf by: Mr F S Kelaty - Trustee Page 2 **Independent Examiner's Report to the Trustees of Soli and Leah Kelaty Family Trust Fund** ## **Independent examiner's report to the trustees of Soli and Leah Kelaty Family Trust Fund** Trust) for the year ended 31 March 2022. ## **Responsibilities and basis of report** 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 carrying out my examination I have followed all applicable Directions given by the Charity Commission unde Section 145(5)(b) of the Act. ## **Independent examiner's statement** 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 set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that accounts give a true and fair view which is not a matter considered as part of an examination. should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Mr Jeffrey Lermer FCA Jeff Lermer & Associates Chartered Accountants 42 Lytton Road Barnet Hertfordshire EN5 5BY 10 January 2023 Page 3 ## **SOLI AND LEAH KELATY FAMILY TRUST FUND** ## **Statement of Financial Activities for the Year Ended 31 March 2022** |**31.3.22**
**Unrestricted**
**fund**
Notes
**£**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
**152,000**
**EXPENDITURE ON**
**Charitable activities**
Grants paid on furtherance of the Charity's
objectives
**134,947**
Other
**-**
**Total**
**134,947**
**NET INCOME**
**17,053**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**30,536**
**TOTAL FUNDS CARRIED FORWARD**
**47,589**|31.3.21
Total
funds
£
95,800
82,246
150
82,396
13,404
17,132
30,536| |---|---| The notes form part of these financial statements Page 4 ## **SOLI AND LEAH KELATY FAMILY TRUST FUND** ## **Balance Sheet 31 March 2022** |||**31.3.22**|31.3.21| |---|---|---|---| |||**Unrestricted**|Total| |||**fund**|funds| ||Notes|**£**|£| |**CURRENT ASSETS**|||| |Cash at bank||**47,589**|30,536| |**NET CURRENT ASSETS**||**47,589**|30,536| |**TOTAL ASSETS LESS CURRENT**|||| |**LIABILITIES**||**47,589**|30,536| |**NET ASSETS**||**47,589**|30,536| ||||| |**FUNDS**|3||| |Unrestricted funds||**47,589**|30,536| |**TOTAL FUNDS**||**47,589**|30,536| ||||| were signed on its behalf by: Mr F S Kelaty - Trustee Ms S Kelaty - Trustee The notes form part of these financial statements Page 5 **SOLI AND LEAH KELATY FAMILY TRUST FUND** ## **Notes to the Financial Statements for the Year Ended 31 March 2022** ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement Recommended Practice applicable to charities preparing their accounts in accordance with the Financia 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 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 funds, it is probable that the income will be received and the amount can be measured reliably. ## **Expenditure** the charity to that expenditure, it is probable that a transfer of economic benefits will be required settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on accruals basis and has been classified under headings that aggregate all cost related to the category Where costs cannot be directly attributed to particular headings they have been allocated to activities on basis consistent with the use of resources. Grants offered subject to conditions which have not been met at the year end date are noted as commitment but not accrued as expenditure. ## **Taxation** The charity is exempt from tax on its charitable activities. ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the statements. continued... Page 6 **SOLI AND LEAH KELATY FAMILY TRUST FUND** ## **Notes to the Financial Statements - continued for the Year Ended 31 March 2022** ## **2. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the yea ended 31 March 2021. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31 March 2022 nor for the year 31 March 2021. ## **3. MOVEMENT IN FUNDS** |**Unrestricted funds**
General fund
**TOTAL FUNDS**
Net movement in funds, included in the above are as follows:
**Unrestricted funds**
General fund
**TOTAL FUNDS**
**Comparatives for movement in funds**
**Unrestricted funds**
General fund
**TOTAL FUNDS**|At 1.4.21
£
**30,536**
**30,536**

Incoming
resources
£
**152,000**
**152,000**
At 1.4.20
£
17,132
17,132|Net
movement
in funds
£
**17,053**
**17,053**
Resources
expended
£
**(134,947)**
**(134,947)**
Net
movement
in funds
£
13,404
13,404|At
31.3.22
£
**47,589**
**47,589**
Movement
in funds
£
**17,053**
**17,053**
At
31.3.21
£
30,536
30,536| |---|---|---|---| continued... Page 7 **SOLI AND LEAH KELATY FAMILY TRUST FUND** ## **Notes to the Financial Statements - continued for the Year Ended 31 March 2022** ## **3. 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|95,800|(82,396)|13,404| |**TOTAL FUNDS**|95,800|(82,396)|13,404| ||||| ## **4. RELATED PARTY DISCLOSURES** directors, of £152,000 (2021: £95,800) Page 8 ## **SOLI AND LEAH KELATY FAMILY TRUST FUND** ## **Detailed Statement of Financial Activities for the Year Ended 31 March 2022** |**Detailed Statement of Financial Activities**
**for the Year Ended 31 March 2022**||| |---|---|---| ||31.3.22|31.3.21| ||£|£| |**INCOME AND ENDOWMENTS**||| |**Donations and legacies**||| |Donations|**152,000**|95,800| |**Total incoming resources**|**152,000**|95,800| |**EXPENDITURE**||| |**Charitable activities**||| |Grants to individuals|**134,797**|82,246| |**Support costs**||| |**Finance**||| |Bank charges|**150**|150| |Total resources expended|**134,947**|82,396| |**Net income**|**17,053**|13,404| |||| This page does not form part of the statutory financial statements Page 9