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The Rosenblatt Family Charitable Trust Financial Statements
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Year Ended 5 April 2021 Charity No: 1084907
THE ROSENBLATT FAMILY CHARITABLE TRUST
Report and Financial Statements for the year ended 5 April 2021
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| Contents | ||
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| Page: | ||
| 1 | Administrative Information | |
| 2-3 | Report of the Trustees | |
| 4 | Independent Examiner’s Report | |
| 5 | Statement of Financial Activities | |
| 6 | Balance Sheet | |
| 7-9 | Notes forming part of the Financial Statements | |
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| Trustees | ||
| Linda Rosenbiatt | ||
| Harvey Rosenblatt | ||
| Daniet Isaac Dover | ||
| ) | ||
| Martin David Paisner CBE | ||
| Joanna Rosenblatt | ||
| Principal Office | ||
| 16 Caenwood Court, Hampsted Lane, London, N6 4RU | ||
| Accountants | ||
| BDO LLP, 55 Baker Street, London, W1U 7EU | ||
| independent Examiner | ||
| Gilbert Allen & Co, Churchdown Chambers, Bordyke, Tonbridge, Kent, TN9 INR | ||
| Bankers | ||
| Barclays Private Bank Ltd, 59 Grosvenor Street, London, W1K 3JD | ||
| Solicitors | ||
| PayneHicksBeach,Lincoln'sInn,10NewSquare,Holborn,London,WC2A3QG |
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THE ROSENBLATT FAMILY CHARITABLE TRUST Report of the Trustees for the year ended 5 April 2021
The Trustees present their report along with the Financial Statements of the charity for the year ended 5 April 2021. The Financial Statements have been prepared in accordance with the accounting policies set out on page 7 and comply with the charity’s Trust Deed and applicable law.
| Structure, Governance and Management : The Rosenblatt Family Charitable Trust is constituted under a Trust Deed dated 21 November 2000 created by the Founder, Harvey Rosenblatt. It is a registered charity no. 108907. The Trust was originally called The Harvey Rosenblatt Charitable Trust but changed its name by Written Resolution of the Trustees on 20 January 2016. : The Trustees who have served during the year and since the year end are set out on page 1. Where there is a : requirement for new Trustees, these would be identified and appointed by the remaining Trustees. At the annual Trustees’ meeting, the Trustees agree the broad strategy and areas of activity for the Trust, | including consideration of grant making, investment, reserves and risk management policies and performance.
Risk management
The Trustees have examined the major strategic, business and operational risks which the charity faces and confirm that systems have been established to enable regular reports to be produced so that such risks are continuously monitored and that appropriate steps can be taken to lessen these risks.
Objectives and Activities
The Trustees shall hold the Trust Capital and the income thereof upon Trust to pay or apply the whole thereof for charitable purposes as the Trustees may from time to time in their absolute discretion determine.
Grant making policy
All applications received are considered by the Trustees on their own merit for suitability of funding.
Public benefit
In meeting the objectives the Trustees have given careful consideration to the Charity Commission’s general guidance on public benefit and judge that all donations made meet this guidance. All donations are listed in note 4 on pages 7 & 8.
Achievements and Performance
The Trustees have continued to apply their funds in accordance with the objectives of the Trust and their grant making policy. Donations totalling £87,250 have been made in the year (2020 - £90,748) and are detailed in note 4 of these Financial Statements.
Financial Review
The Trustees operate a single bank account into which donations are paid and grants are made. The balance of the bank account at 5 April 2021 was £54,411 (2020 - £74,005).
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THE ROSENBLATT FAMILY CHARITABLE TRUST
Report of the Trustees for the year ended 5 April 2021 (continued)
Reserves policy
The Trustees’ policy is to maintain their continuing level of support under the grant making policy that they have agreed. If income resources are insufficient to cover the grants then recourse is made to the other funds of the Trust. The Trustees do not consider that any minimum level of resources is required. Reserves of £51,617 were held at 5 April 2021 (2020 - £66,661).
Plans for the future
The Trustees intend to continue providing grants in a similar way to the recent past but retaining flexibility as to the timing, and scale of grant making.
Trustees’ responsibilities in relation to the financial statements
Law applicable to charities in England and Wales requires the Trustees to prepare Financial Statements for each financial year which give a true and fair view of the charity’s financial activities during the year and of its financial position at the end of the year. In preparing those Financial Statements, the Trustees are required to:
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. select suitable accounting policies and then apply them consistently;
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° make judgements and estimates that are reasonable and prudent;
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° state whether applicable accounting standards and statements of recommended practice have been followed subject to any departures disclosed and explained in the financial statements; and
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. prepare the Financial Statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The Trustees are responsible for keeping accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the Financial Statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations and the trust deed. 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.
Approved by the Trustees and signed on their behalf by:
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ranth Rosenblatt
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Trustee
Date:
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Independent Examiner's Report to the Trustees of The R05enblatt Famlly Chafltable Thist We report to the tru5tee5 on my examlnatwjn of the accounts of The Rosenblatt Family Charltable TrLt for the year erKled 5 Aprfl 2021. Responslbllltles and bbsls of report As the charfty trustee5 of the Trust you are responsible for the preparatlon of the accounts In accordance wtth the requirements of the Charltles Att 2011 I'the Act'l. We report In respect of my examfnatlon of the Tru5t'5 accounts carrfed out under sectlon 145 of the 2011 Act and In carrying out our examlnailon we have followed all the appllcable Dlrectlons given by the Charlty Commlsslon under section 145(5llbl of the Act. Independent examlner's statement We have completed our examTnatlon. We confirm that no materlal matters have ccthe to ow attentlon In connectlon wth the examlnatlon Sing us cause to belleve that in any material respect: l. accountlng records were not kepi In respect of the Trust as requlred by sectlon 130 of the Act: or 2. the accounts do not accord wlth those records" or 3. the accounts do not comply th the appllcable requirements concemlng the forni and content of accounts Set out In the Charftles IAccounts and Report51 Regulatlons 2(K18 other than any requlrement that the accounts glve a 'true and faTr view whlch 15 not a matter Consfjoe as part of an independent examlnatlon. We have no concerns and have come acr055 no other matters in connectlon wlth the examination to whlch attentlon shoul¢J be drawn in thls report In order to enable a proper understand1ng of the accounts to be reached. Gllbert Allen ft Co. Churchdown Chambers 8ordyke Tonbrldge Kent TN9 1NR Date:
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THE ROSENBLATT FAMILY CHARITABLE TRUST
Statement of Financial Activities for the year ended 5 April 2021
| Notes | 2021 | 2020 | |
|---|---|---|---|
| £ | £ | ||
| incoming resources | |||
| Donations | 2 | 75,000 | 50,000 |
| Total incoming resources | 75,000 | 50,000 | |
| Resources expended | |||
| Charitable activities | 3 | 90,044 | 93,532 |
| Total resources expended | 90,044 | 93,532 | |
| Net (outgoing) resources | (15,044) | (43,532) | |
| Total funds at 6 April 2020 | 66,661 | 110,193 | |
| Totalfundsat5April2021 | 51,617 | 66,661 |
All funds are unrestricted and relate to continuing activities.
The notes on pages 7 to 9 form part of these financial statements.
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THE ROSENBLATT FAMILY CHARITABLE TRUST
Balance Sheet as at 5 April 2021
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|Notes|2021|2020|
|Current Assets|
|Cash|at|bank|6|54,411|74,005|
|Current|Liabilities|
|Creditors|7|(2,794)|(7,344)|
|Total|net|assets|51,617|66,661|
|Funds|
|Unrestricted|funds|51,617|66,661|
|All funds are|unrestricted.|
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The notes on pages 7 to 9 form part of these financial statements.
Approved by the Trustees and signed on their behalf by:
Harvey Rosenblatt Trustee Date:
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Notes to the Financial Statements for the year ended 5 April 2021
1 Principal Accounting Policies
THE ROSENBLATT FAMILY CHARITABLE TRUST
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(a) Accounting Convention
The financial statements are prepared under the historical cost convention and in preparing the financial statements the charity follows best practice as laid down in the Statement of Recommended Practice “Accounting and Reporting by Charities” (Charities SORP (FRS 102)) and comply with the Charities (Accounts and Reports) Regulations 2008 issued under the Charities Act 2011.
(b) Donations, legacies and similar income
Donations, legacies and similar income are shown in the accounts when receivable and the value of the incoming resources can be measured with sufficient reliability.
(c) Investment income
Investment income is accounted for in the period in which the charity is entitled to receipt.
(d) Resources expended
Liabilities are recognised as resources expended as soon as there is a legal or constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals basis.
(e) Governance costs
Governance costs comprise costs relating to the general running of the charity as opposed to those associated with generating funds or charitable activity.
| 2 | Donations | 2021 | 2021 | 2020 | |||
|---|---|---|---|---|---|---|---|
| £ | £ | ||||||
| ICA Holdings Ltd | 75,000 | 50,000 | |||||
| 3 | Charitable activities | Grants | Support | costs | Total | Total | |
| (see note 4) | (see note 5) | 2021 | 2020 | ||||
| £ | £ | £ | £ | ||||
| General charitable purposes | 87,250 | 2,794 | 90,044 | 93,532 | ,532 | ||
| 4 | Grants payable | Registered | 2021 | 2020 | |||
| Charity No. | £ | £ | |||||
| Anne Frank Trust UK | 1003279 | - | 3,000 | ||||
| British Friends of Kishorit | 1089108 | 2,000 | - | ||||
| British Friends of Or Chadash | 1002594 | - | 10,000 | ||||
| British Friends of the Israel Guide Dog | |||||||
| Centre for the Blind | 1027996 | 3,000 | 3,500 | ||||
| Carriedforward | 5,000 | 16,500 |
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THE ROSENBLATT FAMILY CHARITABLE TRUST
Notes to the Financial Statements for the year ended 5 April 2021 (continued)
| Notes to the Financial Statements for the year endedended 5 April 2021 (continued) | Notes to the Financial Statements for the year endedended 5 April 2021 (continued) | Notes to the Financial Statements for the year endedended 5 April 2021 (continued) | Notes to the Financial Statements for the year endedended 5 April 2021 (continued) | Notes to the Financial Statements for the year endedended 5 April 2021 (continued) |
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| 4 | Grants payable (continued) | Registered | 2021 | 2020 |
| Charity No. | £ | £ | ||
| Brought forward | 5,000 | 16,500 | ||
| British Friends of the Sheba Medical | ||||
| Centre | 1108623 | - | 1,000 | |
| Chai - Lifeline Cancer Care | 1078956 | - | 250 | |
| Chief Rabbinate Trust | 1095878 | - | 18,000 | |
| Employment Resource Centre | 1106331 | 2,000 | - | |
| Friends ofYad Sarah | 294801 | - | 1,000 | |
| Heart Cells Foundation | 1101727 | - | 2,000 | |
| Holocaust Educational Trust | 1041891 | 10,000 | - | |
| Jewish Care | 802559 | - | 500 | |
| Jewish Home Network | 1139214 | 5,000 | - | |
| Jewish Volunteering Network JewishWomen’s Aid |
1130719 1047045 |
- 1,000 |
2,000 . |
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| JW3 Development Kisharon |
1156248 271519 |
- 40,000 |
5,000 - |
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| Nightingale Hammerson | 207316 | - | 28,000 | |
| Noa Girls | 1130834 | - | 5,000 | |
| Norwood | 1059050 | 3,000 | - | |
| Princess of Wales's Royal Regiment | ||||
| Benevolent Fund | 1024418 | - | 3,500 | |
| Project SEED Ltd | 1155460 | 5,000 | : | |
| Rimon Jewish Primary School | 1186765 | - | 5,000 | |
| Side by Side | 1135723 | - | 500 | |
| The Central British Fund for World | ||||
| Jewish Relief | 290767 | 6,000 | 1,000 | |
| The Prince's Trust | 1079675 | 5,000 | : | |
| The Work Avenue Foundation | 1164762 | 5,000 | - | |
| United Synagogue | 242552 | 250 | 998 | |
| Wizo UK | 1125012 | - | 500 | |
| 87,250 | 90,748 | |||
| 5 | Administration Costs | 2021 | 2020 | |
| £ | £ | |||
| Accountancy fees | 2,290 | 2,280 | ||
| Independent Examiner's fees | 504 | 504 | ||
| 2,794 | 2,784 |
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THE ROSENBLATT FAMILY CHARITABLE TRUST
Notes to the Financial Statements for the year ended 5 April 2021 (continued)
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| 6 | Cash at bank and in hand | 2021 | 2020 |
| £ | £ | ||
| Barclays Private Bank Lid | 54,411 | 75,003 | |
| Unpresented Bank Cheques | - | (998) | |
| 54,411 | 74,005 | ||
| 7 | Creditors: Amounts falling due within one year | 2021 | 2020 |
| £ | £ | ||
| Accountancy Fees | 2,290 | 6,840 | |
| independent Examiner's fees | 504 | 504 | |
| 2,794 | 7,344 |
8 Related Party Transactions
Martin Paisner CBE is a Partner of Payne Hicks Beach LLP. This firm provided, and continues to provide, legal services for the Trustees. The total fees (including VAT and disbursements) paid to the firm during the year to 5 April 2021 were ENil (2020 - ENil).
Daniel isaac Dover is a Partner of BDO LLP. This firm provided, and continues to provide, accountancy services for the Trustees. The total fees (including VAT and disbursements) paid to the firm during the year to 5 April 2021 were £6,840 (2020 - ENil). At the year end there are fees due to BDO LLP of £2,290 currently shown in the creditors balance.
No Trustee received any remuneration or was reimbursed for expenses during either year.
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