TOMCHEI CHOLIM TRUST
Trustees' report and financial statements for the year ended 31 October 2022
TOMCHEI CHOLIM TRUST FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2022
Contents
| Charity Information | 2 |
|---|---|
| Trustees Report | 3 |
| Independent examiners report | 4 |
| Statement of Financial Activities | 5 |
| Balance Sheet | 6 |
| Notes to the Accounts | 7-8 |
| Detailed Statement of Financial Activities | 9 |
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 2022
The trustees have pleasure in presenting their report and the financial statements of the charitable trust for the year ended 31 October 2022. 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 2023
3
TOMCHEI CHOLIM TRUST
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 OCTOBER 2022
I report on the accounts of the charity for the year ended 31 October 2022 set out on pages 5 to 9.
Respective Responsibilities of Trustees and Independent Examiner
The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (“the Act”) and that an independent examination is needed.
It is my responsibility to:
-
examine the accounts under section 145 of the Act;
-
to follow the procedures laid down in the general directions given by the Charity Commission (under Section 145(5)(b) of the Charities Act); and
-
state whether particular matters have come to my attention.
Basis of Independent Examiner’s Statement
My examination was carried out in accordance with the general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.
Independent Examiner’s Statement
In connection with my examination, no matter has come to my attention:
-
a) which gives me reasonable cause to believe that, in any material respect, the requirements:
-
to keep accounting records in accordance with Section 130 of the Charities Act; and
-
to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met; or
-
b) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Js&Co Accountant Ltd 26 Theydon Road London E5 9NA
- 29 August 2023
-4-
TOMCHEI CHOLIM TRUST
STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 October 2022
| Notes INCOMING RESOURCES Incoming resources from generated funds Voluntary Income Grants 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 |
2022 £ 195,430 |
2021 £ 194,897 |
|---|---|---|
| 195,430 194,230 6,507 660 201,397 -5,967 14,394 8,427 |
194,897 185,713 9,456 870 |
|
| 196,039 1,942 12,452 |
||
| 14,394 |
The Notes form part of the financial statements
Page 5
TOMCHEI CHOLIM TRUST
| 2022 Notes £ £ FIXED ASSETS Tangible assets 3 5,356 5,356 CURRENT ASSETS: Cash at bank and in hand 4,331 4,331 CREDITORS: amounts falling due within one year 4 -1,260 Net Current assets/(liabilities) 3,071 NET CURRENT ASSETS: 8,427 FUNDS 5 Unrestricted funds 8,427 TOTAL FUNDS 8,427 BALANCE SHEET 31-Oct-22 |
2022 Notes £ £ FIXED ASSETS Tangible assets 3 5,356 5,356 CURRENT ASSETS: Cash at bank and in hand 4,331 4,331 CREDITORS: amounts falling due within one year 4 -1,260 Net Current assets/(liabilities) 3,071 NET CURRENT ASSETS: 8,427 FUNDS 5 Unrestricted funds 8,427 TOTAL FUNDS 8,427 BALANCE SHEET 31-Oct-22 |
2022 Notes £ £ FIXED ASSETS Tangible assets 3 5,356 5,356 CURRENT ASSETS: Cash at bank and in hand 4,331 4,331 CREDITORS: amounts falling due within one year 4 -1,260 Net Current assets/(liabilities) 3,071 NET CURRENT ASSETS: 8,427 FUNDS 5 Unrestricted funds 8,427 TOTAL FUNDS 8,427 BALANCE SHEET 31-Oct-22 |
2021 £ £ 6,440 6,440 8,554 8,554 -600 7,954 14,394 14,394 14,394 |
2021 £ £ 6,440 6,440 8,554 8,554 -600 7,954 14,394 14,394 14,394 |
|---|---|---|---|---|
| 8,427 | 14,394 | |||
| 8,427 | 14,394 | |||
| 8,427 | 14,394 |
The financial statements were approved by the board of Trustees on 29 August 2023 And signed on its behalf by:
Z Blier - Trustee
M Freund - Trustee
The Notes form part of these financial statements
Page 6
TOMCHEI CHOLIM TRUST
NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 October 2022
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 2022 nor for the year ended 31 October 2021.
Trustees Expenses
There where no trustees expenses paid for the year ended 31 October 2022 nor for the year ended 31 October 2021.
Page 7
TOMCHEI CHOLIM TRUST
NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 October 2022
| 3 TANGIBLE FIXED ASSETS COST At 1 November 2021 Additions Disposals At 31 October 2022 DEPRECIATION At 1 November 2021 Charge for the year At 31 October 2022 NET BOOK VALUE At 31 October 2022 At 31 October 2021 4 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
Fixture and fittings Motor Vehicle Computer equipments £ £ £ 32,713 37,150 2,007 |
Totals £ 71,870 0 0 |
|---|---|---|
| 32,713 37,150 2,007 27,378 36,139 1,913 800 253 31 |
71,870 65,430 1,084 |
|
| 28,178 36,392 1,944 4,535 758 63 |
66,514 5,356 |
|
| 5,335 1,011 94 |
6,440 | |
| Other Creditors 5 MOVEMENTS IN FUNDS |
2022 £ 1,260 |
2021 £ 600 |
|---|---|---|
| 1,260 | 600 | |
| Unrestricted funds General fund TOTAL FUNDS |
At 1.11.21 £ 14,394 14,394 |
Net movement in funds £ -5,967 |
At 31.10.22 £ 8,427 |
|---|---|---|---|
| -5,967 | 8,427 |
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 195,430 195,430 |
Rescources expended £ 201,397 |
Movement in funds £ -5,967 |
|---|---|---|---|
| 201,397 | -5,967 |
Page 8
TOMCHEI CHOLIM TRUST
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
for the year ended 31 October 2022
| INCOMING RESOURCES Voluntary Income Donation: Jrs Grant Total incoming resources RESOURCES EXPENDED Costs of generating voluntary income Medical & supplementary goods Transport Staff Cost Food and drinks Fundraising cost Repairs and renewals Charitable activities Office expenses 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 |
2022 £ 195,430 0 195,430 16,665 2,149 44,608 119,814 10,573 421 194,230 673 3,823 927 1,084 6,507 660 660 201,397 -5,967 |
2021 £ 194,897 3,084 |
|---|---|---|
| 197,981 53,411 817 41,449 89,388 648 |
||
| 185,713 430 3,000 3,680 1,021 1,325 |
||
| 9,456 600 270 |
||
| 870 196,039 |
||
| 1,942 |
This page does not form part of the financial statment
Page 9