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2021-12-31-accounts

Yismach Moshe Community Group

Report and Financial Statements For The Year Ended 31 December 2021

Charity Number 1080336

Yismach Moshe Community Group

Contents
Page
Legal and Administrative Information 1
Report of The Trustees 2 and 3
Statement Of Financial Activities 4
Balance Sheet 5
Notes forming part of the financial statements 6 to 8
Accountants' Report 9

Yismach Moshe Community Group

Trustees

Mrs. Esther Low Mrs. Chana Josephs Mrs. Zeldy Sternlicht Mrs. Hodor Reizel Stern Mrs. Trainda Goldman

Administration Address

36 Fountayne Road London N16 7DT

E mail:1summerdreams@gmail.com

Charity Number 1080336

Accountants

C Rosen

Page 1

Yismach Moshe Community Group

Report of the Trustees

The Trustees present their annual report with accounts of the Charity for the Year Ended 31 December 2021.

Status and Administration

The Charity, constituted by trust deed, dated 20th April 1999 and is a Registered Charity.

Trustees

The Trustees in office throughout the year were Mrs. Esther Low

Mrs. Chana Josephs Mrs. Zeldy Sternlicht Mrs. Hodor Reizel Stern

Mrs. Trainda Goldman

No trustee nor any person connected with them received any remuneration during the year.

Investment Powers

The Trust Deed authorises the trustees to make and hold investments using the general funds of the Charity.

Constitution, Objects and Policies

The objectives of the Yismach Moshe Community Group are

a) The advancement of education of young children by the provision of holiday and out of school play services.

b) The provision of other such purposes which are charitable according to the law of England and Wales, as left to the discretion of the Trustees.

Activities and Achievement

We are very grateful to be able to report that this year saw a massive turnaround in donations, and we were able to operate in full force. Summer and winter playschemes helped almost two hundred children have fulfilling and stimulating holidays. Self esteem was boosted, and social skills thrived.

We also continued with our Food distribution project, giving breakfast and supper to hungry kids

Grants and Donations

The Charity received grants of £ 18,271 this year.

Risk Management

The Governors have assessed the major risks to which the Charity is exposed.

In particular, the operational and finance risks have been assessed: the Governors are satisfied that systems are in place to mitigate their exposure to major risks.

Page 2

Yismach Moshe Community Group

Report of the Trustees

Reserves Policy

The trustees retain reserves as necessary to maintain the operational capability of the Charity.

Responsibilities of the Trustees

Charity Law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the Balance Sheet Date, and of its incoming resources, including income and expenditure for the financial year.

In preparing those financial statements, the Trustees should follow best practice and

b. Make judgements and estimates that are reasonable and prudent.

c. Follow applicable accounting standards and the Charities SORP 2015, disclosing and explaining any departures in the financial statements.

d. Prepare the financial statements on the going concern basis unless it is inappropriate to assume that the charity will continue in operation.

The Trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them as Trustees to ensure that the financial statements comply with the Charity Law.

The Trustees are also responsible for safeguarding the charity's assets and hence for taking reasonable steps for the prevention and detection of fraud and other regularities.

Board Of Trustees

The members of the Board Of Trustees are set out on Page 1.

Approved by The Trustees of Yismach Moshe Community Group on 6 March 2022, and signed on behalf of them all.

Trustee Mrs. Esther Low

Page 3

Yismach Moshe Community Group

Statement Of Financial Activities

For The Year Ended 31 December 2021

Notes Unrestricted
Restricted
Funds
Funds
£
£
INCOMING RESOURCES
Activities to further the Charity's Objects
2
0
69,454
Total Incoming Resources
0
69,454
Total Incoming Resources
0
69,454
RESOURCES EXPENDED
Cost of Generating Funds
0
0
Net Incoming Resources Available
For Charitable Application
0
69,454
Cost of Activities In Fu
3
of the Charity's Objects
0
53,049
Support Costs
4
0
0
Governance Costs
5
0
0
Total Charitable Expenditure
0
53,049
Total Resources Expended
3
0
53,049
Net Movement In Funds
0
16,405
Transfer To / (From) Reserves
0
0
Net Reserves for the Year
0
16,405
Total Funds
9,688
549
Total Funds
10
£ 9,688
£ 16,954
Brought Forward
Carried Forward		 2021
2020
Total
Funds
Total
Funds
£
£
69,454
4,073
69,454
4,073
69,454
4,073
0
0
69,454
4,073
53,049
4,826
0
0
0
0
53,049
4,826
53,049
4,826
16,405
(753)
0
0
16,405
(753)
10,237
10,990
£ 26,642
£ 10,237

Page 4

Yismach Moshe Community Group

Balance Sheet at 31 December 2021

Balance Sheet at
31 December 2021
Notes
Current Assets
Debtors
8
Cash at Bank and in Hand
Net Current Assets
Total Assets less Current Liabilities
Net Assets
9
Restricted Funds
10
Unrestricted Funds
11
Total Funds		 2021
2020
£
£
4,500
4,500
22,142
5,737
26,642
10,237
26,642
10,237
26,642
10,237
£ 26,642
£ 10,237
16,954
549
9,688
9,688
£ 26,642
£ 10,237
10,237
10,237
£ 549
9,688
10,237		 549
9,688

Approved by the Trustees on 6 March 2022, and signed on behalf of them all.

Trustee Mrs. Zeldy Sternlicht

The notes on pages 6 and 7 form part of these accounts.

Page 5

Yismach Moshe Community Group

Notes To The Accounts - 31 December 2021

1) Principal Accounting Policies Basis of Accounting

The Accounts have been prepared under the historical cost convention in accordance with the Charities Act (Accounts and Reports) 2011, and the Financial Reporting Standard for Smaller Entities 102, and follow the recommendations in Accounting and Reporting By

Charities: Statement of Recommended Practice (effective from April 2015).

Cash Flow

The accounts do not include a cash flow statement because the charity as a small reporting entity is exempt from the requirement to prepare such a statement.

Donations and Fund Accounting

Donations received for the general and main purposes of the Charity is included as unrestricted funds in the Statement of Financial Activities when receivable.

Donations and Grants for activities restricted by the donors are taken to restricted funds if the wishes and conditions of the donor are legally binding on the Trustees.

Resources Expended

Management and administration costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.

The irrecoverable element of VAT is included with the item of expense to which it relates.

Unrestricted Restricted
Funds
Funds
£
£
2) Incoming Funds
Local Donations
0
0
Care & Share
0
Day Camp
0
0
Donations: General
51,183
0
51,183
Grants Received
General Grants
0
18,271
Total Grants
0
18,271
Total Grants and Donations Received
£ 0
£ 69,454		 Total
Unrestricted Restricted
Total
£
Funds
Funds
£
2021
£
£
2020
0
0
0
0
0
0
0
0
0
0
0
51,183
1,573
0
1,573
51,183
1,573
0
1,573
18,271
2,500
0
2,500
18,271
2,500
0
2,500
£ 69,454
£ 4,073
£ 0
£ 4,073

Page 6

Yismach Moshe Community Group

Notes To The Accounts - 31 December 2021

Unrestricted Restricted Restricted Total Unrestricted Restricted Total Total
**3) ** Analysis of Total Resources Funds Funds 2021 Funds Funds 2020
Expended
Charitable Activities £ £ £ £ £ £
Cost of Activities In Furtherance
of the Charity's Objects
Summer Play Scheme
Club Activities 0 11,930 11,930 0 0 0
Total
Summer Play Scheme		 0 11,930 11,930 0 0 0
Food Distribution 0 15,662 15,662 0 0
Total
Food Distribution		 0 15,662 15,662 0 0 0
Winter Play Scheme 11,240
Total Winter Play Scheme 0 11,240 0 0 0 0
Care and Share 8,707 8,707 0 0
0 8,707 8,707 0 0 0
General Expenditure
Club Activities 0 0 0 500 0 500
Equipment 1,460 1,460 0
Maintenance 0 0 0 98 0 98
Professional Fees 2,450 2,450 0
Rent 1,600 1,600 0
Donations 0 0 400 0 400
Covid Relief Service 0 0 0 3,828 0 3,828
Total General Expenditure 0 5,510 5,510 4,826 0 4,826
**Total ** Cost of Activities In Furtherance
of the Charity's Objects 0 53,049 41,809 4,826 0 4,826
**4) ** Cost of Generating Funds £ 0 £ 0
**5) ** Governance Costs
Accountancy 0 0
Bank Charges 0 0
£ 0 £ 0
6) Taxation
The Charity is exempt from taxation on its charitable activities.
7) The average number of Employees during the year, on a full time 2021 2020
equivalent basis was 1 1
No Employee was paid above £60,000 per year.

Page 7

Yismach Moshe Community Group

Notes To The Accounts - 31 December 2021

8) Debtors 2021 2020
£ £
Other Debtors 4,500 4,500
£ 4,500 £ 4,500
9) Net Assets of The Charity's Funds
Net
Fixed Current Long Term Fund
Assets Assets Liabilities Balances
£ £ £ £
Restricted Funds 0 26,642 0 26,642
Unrestricted Funds 0 0 0 0
Total Funds £ 0 £ 26,642 £ 0 £ 26,642
10) Restricted Funds : Movements In The Year
Balance at **Gains and ** Transfer To Balance at
31 December 2020 Income Expended Losses From 31 December 2021
£ £ £ Reserves £
Grants 549 69,454 53,049 0 0 16,954
Total Funds
£		 549 £ 69,454 £ 53,049 £ 0 £ 0 £ 16,954
11) Unrestricted Funds : Movements In The Year
Balance at **Gains and ** Transfer To Balance at
31 December 2020 Income Expended Losses From 31 December 2021
£ £ £ Reserves £
General Reserve
9,688		 0 0 0 0 9,688
Total Funds
£ 9,688		 £ 0 £ 0 £ 0 £ 0 £ 9,688

12) Related Party Transactions

No trustee nor any person connected with them received any remuneration, or claimed any expense, during the year, from this or any related Charity.

There were no Related Party Transactions in the Year.

Page 8

Independent Exmainer's Report to the Trustees on the Unaudited Accounts of the Charity Yismach Moshe Community Group For the Year Ended 31 December 2021

We report on the financial statements of Yismach Moshe Community Group for the Year Ended 31 December 2021

which comprise the Statement of Financial Activities, the Balance Sheet and the related notes. These financial statements have been prepared, under the historical cost convention, and in accordance with the recommendations in Accounting and Reporting By Charities: Statement of Recommended Practice (Issued 2015), and the Financial Reporting Standard for Smaller Entities 102 (effective 2016), and the accounting policies set out therein.

Respective Responsibilities Of Trustees and Independent Exmainer

As described on page 3, the trustees of the charity are responsible for the preparation of the accounts, and they consider that the audit requirement of section 144 of the Charities Act 2011 (the Act) does not apply. It is our responsibility to state, on the basis of procedures specified in the General Directions given by the Charity Commissioners under section 144 of the Act, whether particular matters have come to our attention.

Basis of Independent Examiner's Report

Our examination was carried out in accordance with the General Directions given by the Charity Commissioners.

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. These procedures provide only the assurance expressed in our opinion.

The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently we do not express an audit opinion on the view given by the accounts.

Opinion

In our opinion, no matter has come to our attention,

Date 6 March 2022

Independent Exmainer

C Rosen

Page 9