Normalyn Charitable Trust Report and Accounts Year Ended 5 April 2024
Normalyn Charitable Trust Report and accounts for the year ended 5 April 2024 Contents Page: 1&2 Report of the Trustees statement of financial ath'vrties Balan sheet Notes forming part of the accounts Independent examinefs report Trustges N E Nevies (Mrs) J S Newman J Newman {Mrs) Z H Nenan Independent Examlner Perrys Audit Limited, Churchdown Chambers, Bordyke, Tonbrtdge. Kent, TN9 1 NR Reglstered Charlty Number 1077985
Normalyn Charitable Trust Report of the Trustees for the year ended 5 April 2024 The Trustees present thr annual report together with the accounts of the Normalyn Chantable Trust for the year ended 5 April 2024. Trustees. responsibllltles The trustees are responsible for the preparation of accounts for each financial year which give a true and fair view of the state of affairs of the Charity and of its incoming reSoUrS and application of resources for that year. In preparing those accounts the Trustees are required to: select suitable accounting policies and apply them consistently", make judgements and estimates that are reasonable and prudent. state vthether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the accounts" and prepare the accounts on the going concem basis unless it is inappropriate to presume that the charity will continue in operation. The Trustees are responsible for keeping proper accounting records which disclose wsth reasonable acGuracy at any time the financial position of the Charity and to enable them to ensure that the accounts comply with the applicable law. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. No trustee received any benefrt from the trust Logal and admlnlstrative Infr)miatSon The trust was created on 18 May 1999 by Jeremy Steven Newman, Judi Newman and Daniel Isaac Dover { the First Trustees"). The trust was registered with the Charity Cornmission on 28 October .1999 v4ith number 1077985 and is constituted by Declaration of Trust. Daniel Isaac Dover resigned as a trustee on 12 August 2019. On the same date, Naomi Esther Nevies and Zachary Hayim Newman were appointed as trustees. The object of the trust Is to apply the trust fund and rt5 income for such charrtable purp)ses as the trustees in their absolute discretion see fiL Publlc benefit In meeting the objectives. the Trustees have given careful consideration to the Charity Commission's general 9uidance on public benefit and judge that all donations mt this guidance. Appointment of trustee8 Under the tems of the Declaration of TrusL there shall be at least three Trustees" and future Trustees shall be appointed by the Founder {Jeremy Steven Newman) during his lifetime and thereafter by a resolution of the Trustees.
Normalyn Charitable Trust Report of the Trustees for the year ended 5 April 2024 (continued) Review of activities and financial positlon The trustees continue to make charitable grants to a variety of registered charities. Total donations made in the year amounted to £31,747 (2023 - £30,542). The trustees take a prudent approach to the investrrent of funds refiecting their need for access to funds for distribution and with a vtew to maximising the income available for distribution. Reserves pollcy The trustees have reviewed the policy on reserves and have agreed that the charity will seek to maintain its unrestricted, undesignated reserves at not less than £10,000. This was achieved as unrestricted, undesignated reserves at 5 April. 2024 amounted to £15,962 {2023 - £15,641). On bohalf of the Trustees J S Newman Date.. I:s£e1,
Normalyn Charitable Trust Statement of financial activities for the year ended 5 April 2024 2024 2023 Income and endowments from: Donations received Tax recovered on donations 30,000 2,500 10,000 14,757 Total 32,500 24,757 Expenditure on: Charitable activities (Note 2) Independent Examinerfs Fee 31,747 432 30,542 408 Total 32,179 30,950 Not (expenditure)Ilncome and Net movwnent In fund8 321 (6,193) Total funds brought forward 15,641 21,834 Total lund8 carrfed forward 15,962 15,641 All recognised gains and losses are includ&J in the statement of financial activth'es. The notes on page 5 fomi part of these accounts.
Normalyn Charitable Trust Balance sheet at 5 April 2024 2024 2023 Current assets Loan to Finchley Jewsh Primary School Trust (Note 3) Bank accounts Current account 7,500 8,462 15,641 15,962 15,641 Fund8 Total funds (Note 4) 15,962 15,641 Approved by the Trustees on i . sÉe1 , N E Nevies (Mrs) J S Newman Tru8tee8 J Newman (Mrs) Z H Newman The notes on page 5 fonn part of these accounts.
Normalyn Charitsble Trust Notss fomilng part of the accounts for the year ended S April 2024 Basis of preparation and asstssment of going concern The financial statements have teen prepared on a receipts and payment basis and comply wtth the appropriate legal requirements that the gross record incorne from all Sour did not exceed £250,000 and the charity is not a company incorporated under the Companies Acts. The trustees consider that there are no material UnrtaIntieS about the Trusys ability to continue as a going concern. Charitable activities Charity Number Donatlons made to: 2024 2023 World Jewsh Relief (see ') Cool Earth Action Magen David Adom UK Aish HaTorah UK {see') Belt Ha1hern United Synagogue Finchley Jewish Primary School Trust (S ') Youth Aliyah Child Rescue GIFT Others less than £1,000 each 290767 1117978 1113409 1 C69048 1146950 242552 1121959 1077913 1153393 450 1,000 2,700 1,500 860 72 15,000 3,300 1,500 5.365 6,360 2,500 3,597 10,000 90 7,995 31,747 30,452 'J S Newman is a trustee of World Jewish Relief. He was a trustee of Aish HaTorah UK until January 2022 and a trustee of Finchley Jewsh Primary School Trust until August 2023. Loan to Flnchley J•wlsh Prfmary School Trust On 29 June 2023, the Trust made an interest-free loan of £15,000 to Finchley Jewsh Primary School Trust in support of that Trust's building project. £7.500 of that loan was repaid in the year under review. The balance of £7,500 was repaid in May 2024. J S Newman was a trustee of Finchley Jewish Primary School Trust until August 2023. Reserv66 All reserves, amounting in total at 5 April 2024 to £15,*2 (2023 - £15.641), are unrestricted.
Normalyn Charitable Trust Independent examinevs report to the trustees crf the Nornialyn Charitable Trust I report to the trUStS on my examinats'on of the accounts of the Nonnalyn Charitable Trust (the Charrty) for the year ended 5 April 2024. Re8ponsibillties and basis of report As the Charity's trustees you are responsible for the preparats'on of the accounts in accordan with the requirements of the Charities Act 2011 ('the Act,). I report in respect of my examination of the Chanty's &counts carrie(l out under section 145 of the 2011 Act and in carrying out my examination I have frlowed all the applscable Directions given by the Charity Commission under section 145(5)(b) of the ACL Independent examinorfs statement I have completed my examination. I confinn that no material matters have come to my attention in connection with the examination giving me cause to believe that in any matenal respect.. 1. accounting records were not kept in respect of the Charity as required by sectFon 130 of the Act., or 2. the accounts do not accord wrth those records: or 3. the accounts do mt comply th the applicable requirements conceming 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 viev/ which is not a matter considered as part of an independent examination. I have no concerns and have come across m other matters in COnntIon 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. Stephen Hale FCA FCCA For and on behalf of Perry8 Audit Llmited Churchdown Chambers Bordyke Tonbrfdge Kent TN9 1NR Date". .1912