CHARITY REGISTRATION NUMBER: 1089399
Dolmar Charitable Trust Unaudited Financial Statements 31 March 2021
HAFFNER HOFF LTD
Chartered accountants 2nd Floor - Parkgates Bury New Road Prestwich Manchester M25 0TL
Dolmar Charitable Trust
Financial Statements
Year ended 31 March 2021
| Pages | |
|---|---|
| Trustees' annual report | 1 to 2 |
| Independent examiner's report to the trustees | 3 |
| Statement of financial activities | 4 |
| Statement of financial position | 5 |
| Notes to the financial statements | 6 to 10 |
Dolmar Charitable Trust
Trustees' Annual Report
Year ended 31 March 2021
The trustees present their report and the unaudited financial statements of the charity for the year ended 31 March 2021.
Reference and administrative details
Registered charity name Dolmar Charitable Trust Charity registration number 1089399 Principal office 4 Vernon Road The trustees D Mechlowitz G Mechlowitz Independent examiner D Schwarz FCCA 2nd Floor - Parkgates Bury New Road Prestwich Manchester M25 0TL
Structure, governance and management
The Dolmar Charitable Trust is constituted by Deed of Trust dated 11 September 2001 and is a registered charity, number 1089399
The Charity is run by the trustees who all act in an honorary capacity. A new trustee would receive copies of the previous years' Annual Report and Accounts and a copy of the Charity Commission leaflet 'The Essential Trustee : What you need to know'.
Risk Management
The trustees have identified and reviewed the major risks to which the charity is exposed. Both manual and automated checks are regularly invoked, particularly those relating to the operations and finance of the charity. The trustees are satisfied that these systems and procedures mitigate any perceived risks.
Objectives and activities
The objectives of the charity are to further education; to promote religious institutions; to relieve poverty and to promote other such charitable purposes.
Public Benefit Policy
We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities.
Grant Making Policy
Grants are made to charitable institutions and organisations which accord with the objects of the charity.
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Dolmar Charitable Trust
Trustees' Annual Report (continued)
Year ended 31 March 2021
Achievements and performance
During the year the charity made grants totalling £36,220 in furtherance of its objects.
Financial review
As at 31 March 2021 the charity reserves were in deficit by £19,337 (2020:£20,442).
Reserves Policy
The Unrestricted Fund represents the unrestricted funds arising from past operating results.
The trustees are satisfied that the balance of the Fund is an acceptable level of reserves. It is the charity's policy to maintain cash reserves of approximately two to three months of their average annual grants, to enable the charity to continue making grants.
Plans for future periods
It is anticipated that the charity will continue to support charitable purposes and institutions in accordance with its objects.
The trustees' annual report was approved on 28 January 2022 and signed on behalf of the board of trustees by:
G Mechlowitz Trustee
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Dolmar Charitable Trust
Independent Examiner's Report to the Trustees of Dolmar Charitable Trust
Year ended 31 March 2021
I report to the trustees on my examination of the financial statements of Dolmar Charitable Trust ('the charity') for the year ended 31 March 2021.
Responsibilities and basis of report
As the trustees of the charity 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 the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the 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:
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accounting records were not kept in respect of the charity as required by section 130 of the Act; or
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the financial statements do not accord with those records; or
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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 accounts to be reached.
D Schwarz FCCA Independent Examiner
2nd Floor - Parkgates Bury New Road Prestwich Manchester M25 0TL
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Dolmar Charitable Trust
Statement of Financial Activities
Year ended 31 March 2021
| 2021 | 2020 | |||
|---|---|---|---|---|
| Unrestricted | ||||
| fundsTotal funds | Total funds | |||
| Note | £ | £ | £ | |
| Income and endowments | ||||
| Donations and legacies | 4 | 37,925 | 37,925 | 30,570 |
| ---------------------------- | ---------------------------- | ---------------------------- | ||
| Total income | 37,925 | 37,925 | 30,570 | |
| ============================ | ============================ | ============================ | ||
| Expenditure | ||||
| Expenditure on charitable activities | 5,6 | 36,820 | 36,820 | 29,681 |
| ---------------------------- | ---------------------------- | ---------------------------- | ||
| Total expenditure | 36,820 | 36,820 | 29,681 | |
| ============================ | ============================ | ============================ | ||
| ---------------------------- | ---------------------------- | ---------------------------- | ||
| Net income and net movement in funds | 1,105 | 1,105 | 889 | |
| ============================ | ============================ | ============================ | ||
| Reconciliation of funds | ||||
| Total funds brought forward | (20,442) | (20,442) | (21,331) | |
| ---------------------------- | ---------------------------- | ---------------------------- | ||
| Total funds carried forward | (19,337) | (19,337) | (20,442) | |
| ============================ | ============================ | ============================ |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 6 to 10 form part of these financial statements.
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Dolmar Charitable Trust
Statement of Financial Position
31 March 2021
| 2021 | 2020 | |||
|---|---|---|---|---|
| Note | £ | £ | £ | |
| Current assets | ||||
| Cash at bank and in hand | 3,598 | 1,893 | ||
| Creditors: amounts falling due within one year | 12 | 22,935 | 22,335 | |
| ---------------------------- | ---------------------------- | |||
| Net current liabilities | 19,337 | 20,442 | ||
| ---------------------------- | ---------------------------- | |||
| Total assets less current liabilities | (19,337) | (20,442) | ||
| ---------------------------- | ---------------------------- | |||
| Net liabilities | (19,337) | (20,442) | ||
| ============================ | ============================ | |||
| Funds of the charity | ||||
| Unrestricted funds | (19,337) | (20,442) | ||
| ---------------------------- | ---------------------------- | |||
| Total charity funds | 13 | (19,337) | (20,442) | |
| ============================ | ============================ |
These financial statements were approved by the board of trustees and authorised for issue on 28 January 2022, and are signed on behalf of the board by:
G Mechlowitz Trustee
The notes on pages 6 to 10 form part of these financial statements.
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Dolmar Charitable Trust
Notes to the Financial Statements
Year ended 31 March 2021
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 1.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Charities Act 2011.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
These accounts have been prepared on a going concern basis due to the ongoing support of the major creditors.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements did not require management to make judgements, estimates or assumptions that affect the amounts reported at the year end.
Fund accounting
General unrestricted funds comprise the accumulated surplus or deficit on income and expenditure account. They are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity.
Restricted funds are funds subject to specific restricted conditions imposed by donors. There are no restricted funds as at the Balance Sheet date.
Designated funds are funds which have been set aside at the discretion of the Trustees for specific purposes. There are no designated funds as at the Balance Sheet date.
Incoming resources
All income is included in the statement of financial activities when entitlement has passed to the charity, it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
- income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
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Dolmar Charitable Trust
Notes to the Financial Statements (continued)
Year ended 31 March 2021
3. Accounting policies (continued)
Resources expended
All expenditure is included on an accruals basis and is recognised when there is a legal or constructive obligation to pay for expenditure.
Charitable activities are made up of grants to institutions.
Expenditure also includes any VAT which cannot be fully recovered and is reported as part of the expenditure to which it relates.
Governance costs are included on an accruals basis and are recognised when there is a legal or constructive obligation to pay for expenditure.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or paable including any related transaction costs, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4. Donations and legacies
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2021 | Funds | 2020 | |
| £ | £ | £ | £ | |
| Donations | ||||
| Donations | 37,925 | 37,925 | 30,570 | 30,570 |
| ============================ | ============================ | ============================ | ============================ |
5. Expenditure on charitable activities by fund type
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2021 | Funds | 2020 | |
| £ | £ | £ | £ | |
| Charitable Activities | 36,220 | 36,220 | 29,011 | 29,011 |
| Support costs | 600 | 600 | 670 | 670 |
| ---------------------------- | ---------------------------- | ---------------------------- | ---------------------------- | |
| 36,820 | 36,820 | 29,681 | 29,681 | |
| ============================ | ============================ | ============================ | ============================ |
6. Expenditure on charitable activities by activity type
| Grant funding | Support | Total funds | Total fund | |
|---|---|---|---|---|
| of activities | costs | 2021 | 2020 | |
| £ | £ | £ | £ | |
| Charitable Activities | 36,220 | – | 36,220 | 29,011 |
| Governance costs | – | 600 | 600 | 670 |
| ---------------------------- | -------------- | ---------------------------- | ---------------------------- | |
| 36,220 | 600 | 36,820 | 29,681 | |
| ============================ | ============== | ============================ | ============================ |
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Dolmar Charitable Trust
Notes to the Financial Statements (continued)
Year ended 31 March 2021
7. Analysis of support costs
| Analysis of | ||||
|---|---|---|---|---|
| support costs | ||||
| activity 1 | Total 2021 | Total 2020 | ||
| £ | £ | £ | ||
| Governance costs | 600 | 600 | 600 | |
| ============== | ============== | ============== | ||
| 8. | Analysis of grants | |||
| 2021 | 2020 | |||
| £ | £ | |||
| Grants to institutions | ||||
| Aish UK | 3,000 | 34,011 | ||
| Aim Habonim | – | 2,575 | ||
| Aguda NW | 1,333 | – | ||
| Bederech Kovod | 2,000 | – | ||
| Boinei Oilom | 1,169 | – | ||
| Broom Foundation | – | 2,060 | ||
| Chai Lifeline | 1,500 | – | ||
| Chasdei Devorah | 2,000 | – | ||
| Keren L'Dovid | 1,500 | – | ||
| KIng David Schools | – | 3,686 | ||
| Manchester Charitable Trust | 1,000 | – | ||
| Manchester Jewish Fed | 5,646 | – | ||
| Manchester Mesivta Jewish Grammar School | – | 2,500 | ||
| Mizrachi UK | 1,000 | – | ||
| North Salford Synagogue | 3,048 | – | ||
| Seed | 1,000 | – | ||
| Further Grants | 12,024 | 13,190 | ||
| ---------------------------- | ---------------------------- | |||
| 36,220 | 58,022 | |||
| ---------------------------- | ---------------------------- | |||
| Total grants | 36,220 | 58,022 | ||
| ============================ | ============================ |
The above grants were made to institutions and went towards the following purposes; the relief of poverty, relief of those in need by reason of ill health or disability, the advancement of Jewish religion and the advancement of Jewish religious education.
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Dolmar Charitable Trust
Notes to the Financial Statements (continued)
Year ended 31 March 2021
9. Independent examination fees
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Fees payable to the independent examiner for: | ||
| Independent examination of the financial statements | 600 | 600 |
| ============== | ============== |
10. Staff costs
Nil Nil
The average head count of employees during the year was Nil (2020: Nil).
No employee received employee benefits of more than £60,000 during the year (2020: Nil).
11. Trustee remuneration and expenses
No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.
12. Creditors: amounts falling due within one year
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Accruals and deferred income | 1,800 | 1,200 |
| Other creditors | 21,135 | 21,135 |
| ---------------------------- | ---------------------------- | |
| 22,935 | 22,335 | |
| ============================ | ============================ |
13. Analysis of charitable funds
Unrestricted funds
| Unrestricted funds | |||||
|---|---|---|---|---|---|
| At | At | ||||
| 1 | April 2020 | Income | Expenditure | 31 Mar 2021 | |
| £ | £ | £ | £ | ||
| General funds | (20,442) | 37,925 | (36,820) | (19,337) |
|
| ============================ | ============================ | ============================ | ============================ | ||
| At | At | ||||
| 1 | April 2019 | Income | Expenditure | 31 Mar 2020 | |
| £ | £ | £ | £ | ||
| General funds | (21,331) | 30,570 | (29,681) | (20,442) |
|
| ============================ | ============================ | ============================ | ============================ |
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Dolmar Charitable Trust
Notes to the Financial Statements (continued)
Year ended 31 March 2021
14. Analysis of net assets between funds
| Unrestricted | Total Funds | |
|---|---|---|
| Funds | 2021 | |
| £ | £ | |
| Current assets | 3,598 | 3,598 |
| Creditors less than 1 year | (22,935) | (22,935) |
| ---------------------------- | ---------------------------- | |
| Net liabilities | (19,337) | (19,337) |
| ============================ | ============================ | |
| Unrestricted | Total Funds | |
| Funds | 2020 | |
| £ | £ | |
| Current assets | 1,893 | 1,893 |
| Creditors less than 1 year | (22,335) | (22,335) |
| ---------------------------- | ---------------------------- | |
| Net liabilities | (20,442) | (20,442) |
| ============================ | ============================ |
15. Related parties
Aggregate donations totalling £30,396 were received from trustees and related parties during the year.
Other creditors represents amounts owing to Mr G Mechlowitz, a trustee of this charity and to his brother, Mr D Mechlowitz. This loan is interest free and repayable on demand.
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