TOMCHEI CHOLIM TRUST
Trustees' report and financial statements for the year ended 31 October 2020
TOMCHEI CHOLIM TRUST FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2020
Contents
| Charity Information | 2 |
|---|---|
| Trustees Report | 3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 |
| Notes to the Accounts | 6-7 |
| Detailed Statement of Financial Activities | 8 |
TOMCHEI CHOLIM TRUST CHARITY INFORMATION
| Trustees | Z Blier |
|---|---|
| M Freund | |
| D S Klein | |
| Correspondent | Z Blier |
| Charity Address | 83 Lordship Road |
| London | |
| N16 6QY | |
| Charity Number | 1096348 |
| Accountants | JS&Co Accountants Ltd |
| 26 Theydon Road | |
| London | |
| E5 9NA |
2
TOMCHEI CHOLIM TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 OCTOBER 2020
The trustees have pleasure in presenting their report and the financial statements of the charitable trust for the year ended 31 October 2020. The accounts have been prepared in accordance with the accounting policies set out on Page 6 and comply with the charity’s memorandum and articles of association and applicable law.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The Charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
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.
OBJECTIVES AND ACTIVITIES Objectives and aims
Tomchei Cholim Trust is a charity and it constitutes as a trust dated 11 October 2002 and registered as a charity on 4[th] March 2003.
The principal objective of the charity are provision of material and moral support for people who are sick or ill or feeble of frail or undergoing or recovering from surgery or other treatment in hospital.
Significant Activities
Main source of income for the charity is donations from various institutions and individuals. During the year the charity provided meals and various support services for those receiving hospital treatments.
ON BEHALF OF THE BOARD:
Z Blier – Trustee
29 August 2021
3
TOMCHEI CHOLIM TRUST
STATEMENT OF FINANCIAL ACTIVITIES
for the year ended 31 October 2020
| Notes INCOMING RESOURCES Incoming resources from generated funds Voluntary Income RESOURCES EXPENDED Cost of generating funds Cost of generating voluntary income Charitable activities Administrative Expenditure Governance costs Total resources expended NET INCOMING/(OUTGOING) RESOURCES RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
2020 £ 208,916 208,916 197,227 7,695 637 205,559 3,357 9,095 12,452 |
2019 £ 187,893 |
|---|---|---|
| 187,893 176,423 13,272 1,353 |
||
| 191,048 -3,155 12,250 |
||
| 9,095 |
The Notes form part of the financial statements
Page 4
TOMCHEI CHOLIM TRUST
| 2020 Notes £ £ FIXED ASSETS Tangible assets 3 7,766 7,766 CURRENT ASSETS: Cash at bank and in hand 5,262 5,262 CREDITORS: amounts falling due within one year 4 -576 Net Current assets/(liabilities) 4,686 NET CURRENT ASSETS: 12,452 FUNDS 5 Unrestricted funds 12,452 TOTAL FUNDS 12,452 BALANCE SHEET 31-Oct-20 |
2020 Notes £ £ FIXED ASSETS Tangible assets 3 7,766 7,766 CURRENT ASSETS: Cash at bank and in hand 5,262 5,262 CREDITORS: amounts falling due within one year 4 -576 Net Current assets/(liabilities) 4,686 NET CURRENT ASSETS: 12,452 FUNDS 5 Unrestricted funds 12,452 TOTAL FUNDS 12,452 BALANCE SHEET 31-Oct-20 |
2020 Notes £ £ FIXED ASSETS Tangible assets 3 7,766 7,766 CURRENT ASSETS: Cash at bank and in hand 5,262 5,262 CREDITORS: amounts falling due within one year 4 -576 Net Current assets/(liabilities) 4,686 NET CURRENT ASSETS: 12,452 FUNDS 5 Unrestricted funds 12,452 TOTAL FUNDS 12,452 BALANCE SHEET 31-Oct-20 |
2019 £ £ 9,393 9,393 734 734 -1,032 -298 9,095 9,095 9,095 |
2019 £ £ 9,393 9,393 734 734 -1,032 -298 9,095 9,095 9,095 |
|---|---|---|---|---|
| 12,452 | 9,095 | |||
| 12,452 | 9,095 | |||
| 12,452 | 9,095 |
The financial statements were approved by the board of Trustees on 29 August 2021 And signed on its behalf by:
Z Blier - Trustee
M Freund - Trustee
The Notes form part of these financial statements
Page 5
TOMCHEI CHOLIM TRUST
NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 October 2020
1 ACCOUNTING POLICIES
Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effectiveApril 2008), In preparing the accounts, the charity follows best practice
as laid down in the Statement of Recommended Practice “Accounting and Reporting by Charities” (SORP) issued in March 2005.
Where there is a conflict between the FRSSE and the SORP, the SORP has been adopted in accordance with paragraph 419ff of the SORP.
Incoming resources
Incoming resources
All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy.
Resources expended
Expenditure is accounted for on accurals 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 consitent with the use of resources
Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation. Depreciation is provided at rates calculated to write off the cost residual value ofeach asset over its expected useful life as follows:
Fixtures, fittings -15% reducing balance Motor vehicles - 25% reducing balance Equipment - 33% reducing balance
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 where no trustees remuneration or other benefits for the year ended 31 October 2020 nor for the year ended 31 October 2019.
Trustees Expenses
There where no trustees expenses paid for the year ended 31 October 2020 nor for the year ended 31 October 2019.
Page 6
TOMCHEI CHOLIM TRUST
NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 October 2020
| 3 TANGIBLE FIXED ASSETS COST At 1 November 2019 Additions Disposals At 31 October 2020 DEPRECIATION At 1 November 2019 Charge for the year At 31 October 2020 NET BOOK VALUE At 31 October 2020 At 31 October 2019 4 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other Creditors 5 MOVEMENTS IN FUNDS |
Fixture and fittings Motor Vehicle £ £ 32,713 37,150 |
Computer equipments £ 2,007 |
Totals £ 71,870 0 0 |
|---|---|---|---|
| 32,713 37,150 25,329 35,352 1,108 450 |
2,007 1,796 70 |
71,870 62,477 1,627 |
|
| 26,437 35,802 6,276 1,349 |
1,866 141 |
64,104 7,766 |
|
| 7,384 1,798 |
211 | 9,393 | |
| 2020 £ 576 |
2019 £ 1,032 |
||
| 576 | 1,032 | ||
| Unrestricted funds General fund TOTAL FUNDS |
At 1.11.19 £ 9,095 9,095 |
Net movement in funds £ 3,357 |
At 31.10.20 £ 12,452 |
|---|---|---|---|
| 3,357 | 12,452 |
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 208,916 208,916 |
Rescources expended £ 205,559 |
Movement in funds £ 3,357 |
|---|---|---|---|
| 205,559 | 3,357 |
Page 7
TOMCHEI CHOLIM TRUST
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
for the year ended 31 October 2020
| INCOMING RESOURCES Voluntary Income Donation: Total incoming resources RESOURCES EXPENDED Costs of generating voluntary income Medical & supplementary goods Toys for children in Hospital Transport Staff Cost Food and drinks Gifts & donations Fundraising cost Repairs and renewals Charitable activities Office expenses Heat & Light Rent Cleaning Telephone Printing,postage and stationery Depreciation of tangible fixed assets Governance costs Accountancy Professional fees Bank charges & Interest expenses Total resources expended NET INCOME FOR THE YEAR |
2020 £ 208,916 208,916 10,092 124 618 33,580 148,865 2,513 520 915 197,227 528 1,761 2,591 1,145 43 1,627 7,695 576 61 637 205,559 3,357 |
2019 £ 187,893 187,893 13,000 2,771 2,160 32,118 119,695 949 5,730 |
|---|---|---|
| 176,423 278 2,801 7,320 867 2,006 |
||
| 13,272 528 216 609 |
||
| 1,353 191,048 |
||
| -3,155 |
This page does not form part of the financial statment
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