REGISTERED CHARITY NUMBER: 1085350
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
FOR
FRIENDS OF RACHASHEI LEV
Venitt and Greaves Chartered Accountants 115 Craven Park Road South Tottenham London N15 6BL
FRIENDS OF RACHASHEI LEV
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Statement of Financial Activities | 3 | ||
| Statement of Financial Position | 4 | ||
| Notes to the Financial Statements | 5 | to | 8 |
FRIENDS OF RACHASHEI LEV
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021
The trustees present their report with the financial statements of the charity for the year ended 31 March 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 aims
Friends of Rachashei Lev is constituted by trust deed dated 31 March 2021 and its objects are:
(a) The relief of illness generally and in particular the promotion of the health of children in Israel suffering from cancer and the support emotionally and financially of the families of such children.
(b) to provide support in every way necessary to those suffering from physical or mental handicap in Israel without discrimination as to religion race or gender.
(c) to provide a service to help orphan children and their adoptive parents in Israel and;
(d) to make available in Israel fertility treatments to those in need of them and who are otherwise not able to afford them; and
(e) such other charitable objects at the Trustees may from time to time determine.
Public benefit
The trustees have taken due heed of their obligations relating to Public Benefit Duty affecting charities, as well as to their obligations under the Equalities Act 2010. The trustees are satisfied that they meet their obligations in this respect.
Grantmaking
Grants are made at the discretion of the trustees and in accordance with the principal objectives of the charity.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
During the year the charity continued its activities and maintained its support of religious educational and other charitable institutions in England and abroad. The charity is dependent on income from voluntary donations The charity received donations of £48,475 (2020: £15,785) and paid donations of £47,740 (2020: £10,500) during the year.
FINANCIAL REVIEW
Reserves policy
The reserves policy is to ensure that there is a sufficient stream of income to meet the ongoing calls made on the charity.
FUTURE PLANS
The charity intends to carry on its policy of making grants in pursuant of its objects, and continue its activities, as outlined above, for the foreseeable future.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
Recruitment and appointment of new trustees
It is not currently the intention of the trustees of the charity to appoint new trustees. Should this situation change in the future, the trustees will select suitable recruitment and training procedures.
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
1085350
Page 1
FRIENDS OF RACHASHEI LEV
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021
Principal address 74 Durley Road London N16 5JS
Trustees
RABBI J REGAL S SABERSKI A A ZONSZAJN
Approved by order of the board of trustees on 15 March 2022 and signed on its behalf by:
A A ZONSZAJN - Trustee
Page 2
FRIENDS OF RACHASHEI LEV
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021
| 31.3.21 | 31.3.20 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| INCOME AND ENDOWMENTS FROM | |||
| Donations and legacies | 48,475 | 15,785 | |
| EXPENDITURE ON | |||
| Charitable activities | |||
| General | 47,740 | 10,500 | |
| Other | 720 | 600 | |
| Total | 48,460 | 11,100 | |
| NET INCOME | 15 | 4,685 | |
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | (979) | (5,664) | |
| TOTAL FUNDS CARRIED FORWARD | (964) | (979) |
The notes form part of these financial statements
Page 3
FRIENDS OF RACHASHEI LEV
STATEMENT OF FINANCIAL POSITION 31 MARCH 2021
| 31.3.21 | 31.3.20 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| CURRENT ASSETS | |||
| Cash at bank | 16,299 | 7,085 | |
| CREDITORS | |||
| Amounts falling due within one year | 4 | (17,263) | (8,064) |
| NET CURRENT ASSETS/(LIABILITIES) | (964) | (979) | |
| TOTAL ASSETS LESS CURRENT | |||
| LIABILITIES | (964) | (979) | |
| NET ASSETS/(LIABILITIES) | (964) | (979) | |
| FUNDS | 5 | ||
| Unrestricted funds | (964) | (979) | |
| TOTAL FUNDS | (964) | (979) |
The financial statements were approved by the Board of Trustees and authorised for issue on 15 March 2022 and were signed on its behalf by:
A A ZONSZAJN - Trustee
J REGAL - Trustee
The notes form part of these financial statements
Page 4
FRIENDS OF RACHASHEI LEV
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 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.
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. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2021 nor for the year ended 31 March 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2021 nor for the year ended 31 March 2020.
Page 5
continued...
FRIENDS OF RACHASHEI LEV
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021
| 3. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | ||
|---|---|---|---|---|
| Unrestricted | ||||
| fund | ||||
| £ | ||||
| INCOME AND ENDOWMENTS FROM | ||||
| Donations and legacies | 15,785 | |||
| EXPENDITURE ON | ||||
| Charitable activities | ||||
| General | 10,500 | |||
| Other | 600 | |||
| Total | 11,100 | |||
| NET INCOME | 4,685 | |||
| RECONCILIATION OF FUNDS | ||||
| Total funds brought forward | (5,664) | |||
| TOTAL FUNDS CARRIED FORWARD | (979) | |||
| 4. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 31.3.21 | 31.3.20 | |||
| £ | £ | |||
| Other creditors | 17,263 | 8,064 | ||
| 5. | MOVEMENT IN FUNDS | |||
| Net | ||||
| movement | At | |||
| At 1.4.20 | in funds | 31.3.21 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | (979) | 15 | (964) | |
| TOTAL FUNDS | (979) | 15 | (964) | |
| Net movement in funds, included in the above are as follows: | ||||
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 48,475 | (48,460) | 15 | |
| TOTAL FUNDS | 48,475 | (48,460) | 15 |
Page 6
continued...
FRIENDS OF RACHASHEI LEV
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021
5. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net | ||
|---|---|---|
| movement | At | |
| At 1.4.19 | in funds | 31.3.20 |
| £ | £ | £ |
| Unrestricted funds | ||
| General fund (5,664) |
4,685 | (979) |
| TOTAL FUNDS (5,664) |
4,685 | (979) |
| Comparative net movement in funds, included in the above are as follows: | ||
| Incoming | Resources | Movement |
| resources | expended | in funds |
| £ | £ | £ |
| Unrestricted funds | ||
| General fund 15,785 |
(11,100) | 4,685 |
| TOTAL FUNDS 15,785 |
(11,100) | 4,685 |
A current year 12 months and prior year 12 months combined position is as follows:
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.4.19 | in funds | 31.3.21 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | (5,664) | 4,700 | (964) |
| TOTAL FUNDS | (5,664) | 4,700 | (964) |
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 | 64,260 | (59,560) | 4,700 |
| TOTAL FUNDS | 64,260 | (59,560) | 4,700 |
continued...
Page 7
FRIENDS OF RACHASHEI LEV
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021
6. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2021.
Page 8