REGISTERED CHARITY NUMBER: 1079067
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 5 April 2022
for
R & E Kaufman Charitable Trust
Martin+Heller 5 North End Road London NW11 7RJ
R & E Kaufman Charitable Trust
Contents of the Financial Statements for the Year Ended 5 April 2022
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | ||
| Independent Examiner's Report | 2 | ||
| Statement of Financial Activities | 3 | ||
| Balance Sheet | 4 | ||
| Notes to the Financial Statements | 5 | to | 8 |
| Detailed Statement of Financial Activities | 9 |
R & E Kaufman Charitable Trust
Report of the Trustees for the Year Ended 5 April 2022
The trustees present their report with the financial statements of the charity for the year ended 5 April 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
Objectives and aims
Receives donations and investment income and distributes to other charities.
The advancement of religion and religious education in accordance with the orthodox jewish faith, the relief of poverty, the support of jewish charitable institutions.
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 and in planning future activities.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
Risk management
The trustees trusteeshave a duty to identify and review the risks to which the charitycharity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
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.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1079067
Principal address
5 North End Road London NW11 7RJ
Trustees
R Kaufman L Kaufman D H Kaufman
Independent Examiner
Martin+Heller 5 North End Road London NW11 7RJ
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
........................................................................ D H Kaufman - Trustee
Page 1
Independent Examiner's Report to the Trustees of R & E Kaufman Charitable Trust
Independent examiner's report to the trustees of R & E Kaufman Charitable Trust
I report to the charity trustees on my examination of the accounts of R & E Kaufman Charitable Trust (the Trust) for the year ended 5 April 2022.
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
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:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
-
the accounts do not accord with those records; or
-
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.
A Heller Martin+Heller 5 North End Road London NW11 7RJ
Date: .............................................
Page 2
R & E Kaufman Charitable Trust
Statement of Financial Activities for the Year Ended 5 April 2022
| 5.4.22 | 5.4.21 | |||
|---|---|---|---|---|
| Unrestricted | ||||
| fund | Total funds | |||
| Notes | £ | £ | ||
| INCOME AND ENDOWMENTS FROM | ||||
| Investment income | 2 | 106,903 | 22,078 | |
| EXPENDITURE ON | ||||
| Charitable activities | ||||
| Donation | 13,585 | 7,561 | ||
| Other | 319,641 | 1,200 | ||
| Total | 333,226 | 8,761 | ||
| NET INCOME/(EXPENDITURE) | (226,323) | 13,317 | ||
| RECONCILIATION OF FUNDS | ||||
| Total funds brought forward | 673,737 | 660,420 | ||
| TOTAL FUNDS CARRIED FORWARD | 447,414 | 673,737 |
The notes form part of these financial statements
Page 3
R & E Kaufman Charitable Trust
Balance Sheet 5 April 2022
| 5.4.22 Unrestricted fund Notes £ FIXED ASSETS Investments 5 460,033 CURRENT ASSETS Debtors 6 22,500 Cash at bank 38,260 60,760 CREDITORS Amounts falling due within one year 7 (73,379) NET CURRENT ASSETS (12,619) TOTAL ASSETS LESS CURRENT LIABILITIES 447,414 NET ASSETS 447,414 FUNDS 8 Unrestricted funds 447,414 TOTAL FUNDS 447,414 |
5.4.21 Total funds £ 700,275 22,500 1 22,501 (49,039) (26,538) 673,737 673,737 673,737 673,737 |
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. D H Kaufman - Trustee
The notes form part of these financial statements
Page 4
R & E Kaufman Charitable Trust
Notes to the Financial Statements for the Year Ended 5 April 2022
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, with the exception of investments which are included at market value.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an 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 a 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 a 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 the 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 financial statements.
2. INVESTMENT INCOME
| INVESTMENT INCOME | ||
|---|---|---|
| 5.4.22 | 5.4.21 | |
| £ | £ | |
| Income from investments | 106,903 | 22,078 |
Page 5
continued...
R & E Kaufman Charitable Trust
Notes to the Financial Statements - continued for the Year Ended 5 April 2022
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 5 April 2022 nor for the year ended 5 April 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 5 April 2022 nor for the year ended 5 April 2021.
4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
5.
| Unrestricted | |
|---|---|
| fund | |
| £ | |
| INCOME AND ENDOWMENTS FROM | |
| Investment income | 22,078 |
| EXPENDITURE ON | |
| Charitable activities | |
| Donation | 7,561 |
| Other | 1,200 |
| Total | 8,761 |
| NET INCOME | 13,317 |
| RECONCILIATION OF FUNDS | |
| Total funds brought forward | 660,420 |
| TOTAL FUNDS CARRIED FORWARD | 673,737 |
| FIXED ASSET INVESTMENTS | |
| Unlisted | |
| investments | |
| £ | |
| MARKET VALUE | |
| At 6 April 2021 | 700,275 |
| Addition to investment | 150,715 |
| Repayments | (180,619) |
| Syndicate income | 106,903 |
| Capital loss | (317,241) |
| At 5 April 2022 | 460,033 |
| NET BOOK VALUE | |
| At 5 April 2022 | 460,033 |
| At 5 April 2021 | 700,275 |
There were no investment assets outside the UK.
Page 6
continued...
R & E Kaufman Charitable Trust
Notes to the Financial Statements - continued for the Year Ended 5 April 2022
6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 5.4.22 | 5.4.21 | ||||
|---|---|---|---|---|---|
| £ | £ | ||||
| Rent debtors | 22,500 | 22,500 | |||
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE | YEAR | |||
| 5.4.22 | 5.4.21 | ||||
| £ | £ | ||||
| Other creditors | 73,379 | 49,039 | |||
| 8. | MOVEMENT IN FUNDS | ||||
| Net | |||||
| movement | |||||
| At | 6/4/21 | in funds | At 5/4/22 | ||
| £ | £ | £ | |||
| Unrestricted funds | |||||
| General fund | 673,737 | (226,323) | 447,414 | ||
| TOTAL FUNDS | 673,737 | (226,323) | 447,414 | ||
| Net movement in funds, included in the above are as follows: | |||||
| Incoming | Resources | Movement | |||
| resources | expended | in funds | |||
| £ | £ | £ | |||
| Unrestricted funds | |||||
| General fund | 106,903 | (333,226) | (226,323) | ||
| TOTAL FUNDS | 106,903 | (333,226) | (226,323) | ||
| Comparatives for movement in funds | |||||
| Net | |||||
| movement | |||||
| At | 6/4/20 | in funds | At 5/4/21 | ||
| £ | £ | £ | |||
| Unrestricted funds | |||||
| General fund | 660,420 | 13,317 | 673,737 | ||
| TOTAL FUNDS | 660,420 | 13,317 | 673,737 |
continued...
Page 7
R & E Kaufman Charitable Trust
Notes to the Financial Statements - continued for the Year Ended 5 April 2022
8. 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 | 22,078 | (8,761) | 13,317 |
| TOTAL FUNDS | 22,078 | (8,761) | 13,317 |
A current year 12 months and prior year 12 months combined position is as follows:
| Net | |||
|---|---|---|---|
| movement | |||
| At 6/4/20 | in funds | At 5/4/22 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 660,420 | (213,006) | 447,414 |
| TOTAL FUNDS | 660,420 | (213,006) | 447,414 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 128,981 | (341,987) | (213,006) |
| TOTAL FUNDS | 128,981 | (341,987) | (213,006) |
9. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 5 April 2022.
Page 8
R & E Kaufman Charitable Trust
Detailed Statement of Financial Activities for the Year Ended 5 April 2022
| INCOME AND ENDOWMENTS Investment income Income from investments Total incoming resources EXPENDITURE Charitable activities Grants to institutions Other Capital loss Support costs Governance costs Accountancy Total resources expended Net (expenditure)/income |
5.4.22 £ 106,903 106,903 13,585 317,241 2,400 333,226 (226,323) |
5.4.21 £ 22,078 |
|---|---|---|
| 22,078 7,561 - 1,200 |
||
| 8,761 | ||
| 13,317 |
This page does not form part of the statutory financial statements
Page 9