## **TOMCHEI CHOLIM TRUST**
**Trustees' report and financial statements for the year ended 31 October 2023**
## TOMCHEI CHOLIM TRUST FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023
## 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 2023
The trustees have pleasure in presenting their report and the financial statements of the charitable trust for the year ended 31 October 2023. 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.
## **FINANCIAL REVIEW**
The trustees are happy with the performance of this year.
## **FUTURE PLANS**
We hope to get more donations and some grants in order to be able to help more people.
## **Reserves policy**
The Unrestricted Fund represents the unrestricted funds arising from past operating results
The trustees aim to hold free reserves at a level sufficient to maintain 3 months’ operating costs. Currently this is not the case as the demand of our services are very high and cant turn someone down if we have funds available.
ON BEHALF OF THE BOARD:
Z Blier – Trustee 29 August 2024
3
## INDEPENDENT EXAMINER`S REPORT TO THE TRUSTEES OF TOMCHEI CHOLIM TRUST
We report on the account for the year ended 31 October 2023 set out on pages 5 to 9.
## **Respective responsibilities of trustees and 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 Charities Commissioners. 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 you as 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: **(** i) 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 2011; 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
(ii) 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 2024
4
## **TOMCHEI CHOLIM TRUST**
STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 October 2023
|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**|2023
£
197,832|2022
£
195,430|
|---|---|---|
||197,832
169,629
30,061
1,030
200,720
-2,888
8,427
**5,539**|195,430
193,809
6,928
660|
|||201,397
-5,967
14,394|
|||**8,427**|
The Notes form part of the financial statements
Page 5
## **TOMCHEI CHOLIM TRUST**
|2023
Notes
£
£
**FIXED ASSETS**
Tangible assets
3
4,465
4,465
**CURRENT ASSETS:**
Cash at bank and in hand
1,894
1,894
**CREDITORS: amounts falling**
**due within one year**
4
-820
**Net Current assets/(liabilities)**
1,074
**NET CURRENT ASSETS:**
5,539
**FUNDS**
5
Unrestricted funds
5,539
**TOTAL FUNDS**
5,539
BALANCE SHEET
31-Oct-23|2023
Notes
£
£
**FIXED ASSETS**
Tangible assets
3
4,465
4,465
**CURRENT ASSETS:**
Cash at bank and in hand
1,894
1,894
**CREDITORS: amounts falling**
**due within one year**
4
-820
**Net Current assets/(liabilities)**
1,074
**NET CURRENT ASSETS:**
5,539
**FUNDS**
5
Unrestricted funds
5,539
**TOTAL FUNDS**
5,539
BALANCE SHEET
31-Oct-23|2023
Notes
£
£
**FIXED ASSETS**
Tangible assets
3
4,465
4,465
**CURRENT ASSETS:**
Cash at bank and in hand
1,894
1,894
**CREDITORS: amounts falling**
**due within one year**
4
-820
**Net Current assets/(liabilities)**
1,074
**NET CURRENT ASSETS:**
5,539
**FUNDS**
5
Unrestricted funds
5,539
**TOTAL FUNDS**
5,539
BALANCE SHEET
31-Oct-23|2022
£
£
5,356
5,356
4,331
4,331
-1,260
3,071
8,427
8,427
8,427|2022
£
£
5,356
5,356
4,331
4,331
-1,260
3,071
8,427
8,427
8,427|
|---|---|---|---|---|
||||||
|||5,539||8,427|
|||5,539||8,427|
|||5,539||8,427|
The financial statements were approved by the board of Trustees on 29 August 2024 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 2023
## 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 2023 nor for the year ended 31 October 2022.
## **Trustees Expenses**
There where no trustees expenses paid for the year ended 31 October 2023 nor for the year ended 31 October 2022.
Page 7
## **TOMCHEI CHOLIM TRUST**
NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 October 2023
|3
**TANGIBLE FIXED ASSETS**
**COST**
At 1 November 2022
Additions
Disposals
At 31 October 2023
**DEPRECIATION**
At 1 November 2022
Charge for the year
At 31 October 2023
**NET BOOK VALUE**
At 31 October 2023
At 31 October 2022|Fixture and
fittings
Motor Vehicle
Computer
equipments
Totals
£
£
£
£
32,713
37,150
2,007
71,870
0
0|
|---|---|
||32,713
37,150
2,007
71,870
28,178
36,392
1,944
66,514
680
190
21
891|
||28,858
36,582
1,965
67,405
3,855
569
42
4,465|
||4,535
758
63
5,356|
|4|**CREDITORS: AMOUNTS FALLING**|
|---|---|
||**DUE WITHIN ONE YEAR**|
|Other Creditors
5
**MOVEMENTS IN FUNDS**
**Unrestricted funds**
General fund
**TOTAL FUNDS**|At 1.11.22
£
8,427
8,427|2023
£
820|2022
£
1,260|
|---|---|---|---|
|||820|1,260|
|||Net movement
in funds
£
-2,888|At 31.10.23
£
5,539|
|||-2,888|5,539|
Net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**TOTAL FUNDS**|Incoming
resources
£
197,832
197,832|Rescources
expended
£
200,720|Movement in
funds
£
-2,888|
|---|---|---|---|
|||200,720|-2,888|
Page 8
## **TOMCHEI CHOLIM TRUST**
## DETAILED STATEMENT OF FINANCIAL ACTIVITIES
for the year ended 31 October 2023
|**INCOMING RESOURCES**
**Voluntary Income**
Donation:
**Total incoming resources**
**RESOURCES EXPENDED**
**Costs of generating voluntary income**
Medical & supplementary goods
Transport
Staff Cost
Food and drinks
Fundraising cost
**Charitable activities**
Office expenses
Rent
Repairs and renewals
Telephone
Printing,postage and stationery
Depreciation of tangible fixed assets
**Governance costs**
Accountancy
Professional fees
Total resources expended
**NET INCOME FOR THE YEAR**|2023
£
197,832
197,832
47,805
1,794
8,351
111,643
36
169,629
105
27,073
625
1,127
240
891
30,061
780
250
1,030
200,720
**-2,888**|2022
£
195,430|
|---|---|---|
|||195,430
16,665
2,149
44,608
119,814
10,573|
|||193,809
673
3,823
421
927
1,084|
|||6,928
660|
|||660
201,397|
|||**-5,967**|
This page does not form part of the financial statment
Page 9