CHARITY REGISTRATION NUMBER: 1083890
BELZ ISRAEL CHARITABLE TRUST Unaudited Financial Statements 31 December 2022
BELZ ISRAEL CHARITABLE TRUST Financial Statements Period ending 31 December 2022
| Page | |
|---|---|
| Report of the Trustees | 1 to 2 |
| Independent Examiner's Report | 3 |
| Statement of Financial Activities | 4 |
| Statement of Financial Position | 5 |
| Notes to the Financial Statements | 6 to 8 |
BELZ ISRAEL CHARITABLE TRUST Trustees' Annual Report Period ending 31 December 2022
| REFERENCE AND ADMINISTRATIVE | DETAILS |
|---|---|
| Trustees | Mr M Imann |
| Mr C Silbiger | |
| Mr P Fink | |
| Charity number | 1083890 |
| Principal office | 48 Lynmouth Road |
| London | |
| N16 6XL | |
| Independent examiner | Stone & Co. Services Ltd |
| 3 Norfolk Avenue | |
| London | |
| N15 6JX |
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BELZ ISRAEL CHARITABLE TRUST Trustees' Annual Report Period ending 31 December 2022
The trustees present their report and the unaudited financial statements of the charity for the period ending 31 December 2022.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is governed by a Declaration of Trust.
Organisational structure
The power to appoint new trustees is vested in the current board. It is not the intention of the trustees of the charity to appoint any new trustees. Should the situation change in the future, the trusees will apply suitable recruitment induction and training procedures. The trustees adminster the day to day running of the charity.
Risk review
The trustees confirm that there are no major risks to which the charity is exposed.
OBJECTIVES AND ACTIVITIES
Objectives and aims
The objects of the charity are:
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Helping disadvantaged people with access to grants, food packages and financial support (loans), whether directly or through other organisations in the UK and/or abroad.
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To promote any other exclusively charitable objects and purposes as the trustees see fit, provided that they are regarded as charitable by the laws of England and Wales
The trustees have considered the Charity Commission's general guidance on public benefit.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
The trustees are pleased with the results of the year. The charity managed to raise the necessary funds required to reach their charitable objectives.
STRATEGIC REPORT
Reserve policy
The trustees retain reserves as necessary and where appropriate, consolidate funds in order to make more substantial grants which they feel to be appropriate.
Future developments
There are no current plans to change the activities or modus operandi in the forseeable future.
Approved by order of the board of trustees on 26 January 2023 and signed on its behalf by:
Mr M Imann Trustee
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BELZ ISRAEL CHARITABLE TRUST
Independent examiner's report to the trustees on the unaudeted financial statements Period ending 31 December 2022
Independent examiner's report to the trustees of Belz Israel Charitable Trust ('the charity')
I report to the charity trustees on my examination of the financial statements of the charity for the period ending 31 December 2022.
Responsibilities and basis of report
As the charity's trustees you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of your charity's financial statements as carried out under section 145 of the 2011 Act. In carrying out my examination I have followed the 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 matters have come to my attention in connection with the examination giving me cause to believe:
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1 accounting records were not kept in respect of the charity as required by section 130 of the Act; or
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2 the financial statements do not accord with those records; or
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3 the financial statements 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 financial statements to be reached.
Stone & Co. Services Ltd 3 Norfolk Avenue London N15 6JX
26 January 2023
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BELZ ISRAEL CHARITABLE TRUST
Statement of Financial Activities Period ending 31 December 2022
| Note INCOME AND ENDOWMENTS Donations and legacies 3 Total income EXPENDITURE ON Charitable activities 4,5,7 Support costs 4,5 Total expenditure NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted Total funds funds £ £ 119,501 119,501 119,501 119,501 51,660 51,660 17,244 17,244 68,904 68,904 50,597 50,597 195 195 50,792 50,792 2022 |
2021 Total funds £ 7,340 7,340 6,600 5 6,605 735 540 - 195 |
|---|---|---|
CONTINUING OPERATIONS
All income and expenditure has arisen from continuing activities.
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BELZ ISRAEL CHARITABLE TRUST Statement of Financial Position
Period ending 31 December 2022
| Notes CURRENT ASSETS Cash at bank CREDITORS Amounts falling due within one year 8 NET CURRENT ASSETS / (LIABILITIES) TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS Unrestricted funds TOTAL FUNDS |
2022 £ 51,332 51,332 -540 50,792 50,792 50,792 50,792 50,792 |
2021 £ 195 195 195 195 195 195 195 |
|---|---|---|
The financial statements were approved by the Board of Trustees on 9 January 2023 and were signed on its behalf by:
Mr M Iman
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BELZ ISRAEL CHARITABLE TRUST Notes to the financial statements Period ending 31 December 2022
1 GENERAL INFORMATION
The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is 48 Lyndmouth Road, London, N16 6XL.
2 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 financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015)', 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
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.
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.
3 DONATIONS AND LEGACIES
| Donations received | Unrestricted Funds £ 119,501 119,501 |
Total Funds 2022 £ 119,501 119,501 |
Unrestricted Funds £ 7,340 7,340 |
Total Funds 2021 £ 7,340 7,340 |
|---|---|---|---|---|
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BELZ ISRAEL CHARITABLE TRUST Notes to the Financial Statements (continued) Period ending 31 December 2022
4 EXPENDITURE ON CHARITABLE ACTIVITIES BY FUND TYPE
| Unrestricted Total Funds Unrestricted Funds 2022 Funds £ £ £ Grants to institutions (see note 7) 51,660 51,660 6,600 Support costs 17,244 17,244 - 68,904 68,904 6,600 EXPENDITURE ON CHARITABLE ACTIVITIES BY ACTIVITY TYPE Grants Support Total Funds Advanced Costs 2022 £ £ £ Charitable activities 51,660 51,660 Support costs 17,244 17,244 51,660 17,244 68,904 |
Total Funds 2021 £ 6,600 5 6,605 Total Funds 2021 £ 6,600 5 6,605 |
|---|---|
5 EXPENDITURE ON CHARITABLE ACTIVITIES BY ACTIVITY TYPE
6 TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the period ending 31 December 2022.
Trustees' expenses
There were no trustees' expenses paid for the period ending 31 December 2022.
7 GRANTS TO INSTITUTIONS
All donations were made to charities whose objectives are in line with the objectives of the charity. The composition of the donations is shown below.
| Moreshet Hatorah Ltd Cosmon (Belz) Limited Dover Sholem Community Trust Ezer Viznitz Foundation Support For All Donations less than £2,000 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Accruals and deferred income |
£ 21,850 4,340 8,280 3,400 2,000 11,790 51,660 2022 £ 540 540 |
2021 £ - - |
|---|---|---|
8 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
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BELZ ISRAEL CHARITABLE TRUST
Notes to the Financial Statements (continued) Period ending 31 December 2022
9 Analysis of net assets between funds
| Current assets Creditors less than 1 year Net liabilities Current assets Creditors less than 1 year Net assets |
Unrestricted Funds £ 51,332 (540) 50792 Unrestricted Funds £ 195 - 195 |
Total Funds 2022 £ 51,332 (540) 50792 Total Funds 2021 £ 195 - 195 |
|---|---|---|
10 RELATED PARTY DISCLOSURES
There were no related party transactions for the period ending 31 December 2022.
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