REGISTERED CHARITY NUMBER: 1084046
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JANUARY 2021
FOR
TIFERES ZVI CHARITABLE TRUST
Joseph Kahan Associates LLP Chartered Accountants 923 Finchley Road London NW11 7PE
TIFERES ZVI CHARITABLE TRUST
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JANUARY 2021
| 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 |
TIFERES ZVI CHARITABLE TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST JANUARY 2021
The trustees present their report with the financial statements of the charity for the year ended 31st January 2021. 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 Activities
The objects of the trust fund are to apply the capital and income of the trust fund towards such charitable institution or institutions as the trustees shall in their absolute discretion determine.
The area of benefit of the trust shall primarily be the United Kingdom and Israel but the trustees may in their discretion promote the objects of the trust elsewhere.
ACHIEVEMENT AND PERFORMANCE
During the year the charity has continued to make charitable donations at the trustees' discretion. The trustees review the level of charitable funds from time to time to determine amounts that may be paid out in accordance with the charity's objectives.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
Trustees and Organisational Structure
The trustees are appointed by the unanimous agreement of the trustees in office.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1084046
Principal address
22 Elmcroft Crescent London NW11 9SY
Trustees
J Hager C Hager B Hager L Caro
Independent Examiner
Joseph Kahan Associates LLP Chartered Accountants 923 Finchley Road London NW11 7PE
FINANCIAL REVIEW
The Statement of Financial Activities shows a deficit for the year of £11,485 and our reserves stand at £8,496 in total.
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TIFERES ZVI CHARITABLE TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST JANUARY 2021
Approved by order of the board of trustees on 5th April 2022 and signed on its behalf by:
J Hager - Trustee
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF TIFERES ZVI CHARITABLE TRUST
Independent examiner's report to the trustees of Tiferes Zvi Charitable Trust
I report to the charity trustees on my examination of the accounts of Tiferes Zvi Charitable Trust (the Trust) for the year ended 31st January 2021.
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.
Joey Joseph Joseph Kahan Associates LLP Chartered Accountants 923 Finchley Road London NW11 7PE
5th April 2022
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TIFERES ZVI CHARITABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST JANUARY 2021
| 2021 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 46,606 EXPENDITURE ON Charitable activities Charitable 51,500 NET INCOME/(EXPENDITURE) (4,894) RECONCILIATION OF FUNDS Total funds brought forward 8,496 TOTAL FUNDS CARRIED FORWARD 3,602 |
2020 Total funds £ 81,931 93,416 (11,485) 19,981 8,496 |
|---|---|
The notes form part of these financial statements
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TIFERES ZVI CHARITABLE TRUST
STATEMENT OF FINANCIAL POSITION 31ST JANUARY 2021
| 2021 | 2020 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| CURRENT ASSETS | |||
| Cash at bank | 3,602 | 8,496 | |
| NET CURRENT ASSETS | 3,602 | 8,496 | |
| TOTAL ASSETS LESS CURRENT | |||
| LIABILITIES | 3,602 | 8,496 | |
| NET ASSETS | 3,602 | 8,496 | |
| FUNDS | 4 | ||
| Unrestricted funds | 3,602 | 8,496 | |
| TOTAL FUNDS | 3,602 | 8,496 |
The financial statements were approved by the Board of Trustees and authorised for issue on 5th April 2022 and were signed on its behalf by:
J Hager - Trustee
The notes form part of these financial statements
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TIFERES ZVI CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JANUARY 2021
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.
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.
2. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31st January 2021 nor for the year ended 31st January 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31st January 2021 nor for the year ended 31st January 2020.
3. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | |
|---|---|
| fund | |
| £ | |
| INCOME AND ENDOWMENTS FROM | |
| Donations and legacies | 81,931 |
| EXPENDITURE ON | |
| Charitable activities | |
| Charitable | 93,416 |
| NET INCOME/(EXPENDITURE) | (11,485) |
| RECONCILIATION OF FUNDS | |
| Total funds brought forward | 19,981 |
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TIFERES ZVI CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST JANUARY 2021
3. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
| TOTAL FUNDS CARRIED FORWARD 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 |
Unrestricted fund £ 8,496 Net movement At At 1/2/20 in funds 31/1/21 £ £ £ 8,496 (4,894) 3,602 8,496 (4,894) 3,602 Incoming Resources Movement resources expended in funds £ £ £ 46,606 (51,500) (4,894) 46,606 (51,500) (4,894) Net movement At At 1/2/19 in funds 31/1/20 £ £ £ 19,981 (11,485) 8,496 19,981 (11,485) 8,496 |
|---|---|
4. MOVEMENT IN FUNDS
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TIFERES ZVI CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST JANUARY 2021
4. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming Resources Movement resources expended in funds £ £ £ 81,931 (93,416) (11,485) 81,931 (93,416) (11,485) |
Incoming Resources Movement resources expended in funds £ £ £ 81,931 (93,416) (11,485) 81,931 (93,416) (11,485) |
|---|---|---|
| (11,485) |
A current year 12 months and prior year 12 months combined position is as follows:
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1/2/19 | in funds | 31/1/21 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 19,981 | (16,379) | 3,602 |
| TOTAL FUNDS | 19,981 | (16,379) | 3,602 |
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 | 128,537 | (144,916) | (16,379) |
| TOTAL FUNDS | 128,537 | (144,916) | (16,379) |
5. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31st January 2021.
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