Friends of Eidah Charedeis Orthodox Council of Jerusalem
Report and Financial Statements For The Year Ended 31 March 2021 Charity Number 1096897
Friends of Eidah Charedeis Orthodox Council of Jerusalem
| Contents | |
|---|---|
| Page | |
| Legal and Administrative Information | 1 |
| Report of The Trustees | 2 and 3 |
| Statement Of Financial Activities | 4 |
| Balance Sheet | 5 |
| Notes forming part of the financial statements | 6 to 8 |
| Accountants Report | 9 |
Friends of Eidah Charedeis Orthodox Council of Jerusalem
Trustees
Mr. Solomon Schlesinger Mr Eliezer Schlesinger
Administration Address
Mr E Elbaum 11 Heathland Road London N16 5PD
Charity Number 1096897
Accountants
C Rosen #REF! #REF! #REF!
Page 1
Friends of Eidah Charedeis Orthodox Council of Jerusalem Report of the Trustees
The Trustees present their annual report with accounts of the Charity for the Year Ended 31 March 2021.
Status and Administration
Friends of Eidah Charedeis Orthodox Council of Jerusalem is constituted by trust deed, dated 22 October 2002 and is a Registered Charity
Trustees
The Trustees in office throughout the year were: Mr. Solomon Schlesinger Mr Eliezer Schlesinger No trustee has any beneficial interest in the Charity and all gave their time voluntarily.
Page 2
Friends of Eidah Charedeis Orthodox Council of Jerusalem
Report of the Trustees
Risk Assessment
The Charity has identified and assessed the major risks to which it is exposed, in particular those of safety and protection of the vulnerable young adults whilst in the Charity's care as well as the finances of the Charity. The Charity is satisfied that systems are in place and routinely assessed including procedures for Child Protection, Health and Safety, Vulnerable Adults Policy and Financial Management and Controls.
Responsibilities of the Trustees
Charity Law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the Balance Sheet, date, and of its incoming resources, including income and expenditure for the financial year.
In preparing those financial statements, the Trustees should follow best practice and:
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a) Select suitable accounting policies and the apply them consistently.
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b) Make judgements and estimates that are reasonable and prudent.
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c) Follow applicable accounting standards and the Charities SORP 2015, disclosing and explaining any departures in the financial statements.
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d) Prepare the financial statements on the going concern basis unless it is inappropriate to assume that the charity will continue in operation.
The Trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them as Trustees to ensure that the financial statements comply with the Charity Law.
The Trustees are also responsible for safeguarding the charity's assets and hence for taking reasonable steps for the prevention and detection of fraud and other regularities.
Board Of Trustees
The members of the Board Of Trustees are set out on Page 1. Approved by The Trustees of on 24 January 2022 and signed on behalf of them all.
Trustee Mr Eliezer Schlesinger
Page 3
Friends of Eidah Charedeis Orthodox Council of Jerusalem
Statement Of Financial Activities
For The Year Ended 31 March 2021
| For The Year Ended 31 March 2021 |
||
|---|---|---|
| Notes Unrestricted Restricted Funds Funds £ £ INCOMING RESOURCES Activities to further the Charity's Objects 2 413,160 0 Interest Income 0 0 Total Incoming Resources 413,160 0 Total Incoming Resources 413,160 0 RESOURCES EXPENDED Cost of Generating Funds 0 0 Net Incoming Resources Available For Charitable Application 413,160 0 Cost of Activities In Furtherance 3 of the Charity's Objects 446,386 0 Governance Costs 5 525 0 Total Charitable Expenditure 446,911 0 Total Resources Expended 3 446,911 0 Net Movement In Funds (33,751) 0 Transfer To / (From) Reserves 0 0 Net Reserves for the Year (33,751) 0 Total Funds 8,811 0 Total Funds 12 £(24,940) £ 0 £ Carried Forward Brought Forward |
2021 2020 Total Funds Total Funds £ £ 413,160 659,669 0 0 413,160 659,669 413,160 659,669 0 0 413,160 659,669 446,386 677,943 525 278 446,911 678,221 446,911 678,221 (33,751) (18,552) 0 0 (33,751) (18,552) 8,811 27,363 (24,940) £ 8,811 |
|
| 659,669 0 659,669 677,943 278 678,221 678,221 |
||
| (18,552) 0 (18,552) |
||
| 27,363 £ 8,811 |
Page 4
Friends of Eidah Charedeis Orthodox Council of Jerusalem
Balance Sheet at 31 March 2021
| Notes 2021 2020 £ £ Fixed Assets Tangible Assets 7 0 0 0 0 Current Assets Debtors 9 0 0 Cash at Bank and in Hand 27,560 11,311 27,560 11,311 Creditors :Amounts falling due within one year 10 (52,500) (2,500) Net Current Assets (24,940) 8,811 Total Assets less Current Liabilities (24,940) 8,811 Net Assets 11 £(24,940) £ 8,811 Unrestricted Funds 12 (24,940) 8,811 Total Funds £(24,940) £ 8,811 |
Notes 2021 2020 £ £ Fixed Assets Tangible Assets 7 0 0 0 0 Current Assets Debtors 9 0 0 Cash at Bank and in Hand 27,560 11,311 27,560 11,311 Creditors :Amounts falling due within one year 10 (52,500) (2,500) Net Current Assets (24,940) 8,811 Total Assets less Current Liabilities (24,940) 8,811 Net Assets 11 £(24,940) £ 8,811 Unrestricted Funds 12 (24,940) 8,811 Total Funds £(24,940) £ 8,811 |
Notes 2021 2020 £ £ Fixed Assets Tangible Assets 7 0 0 0 0 Current Assets Debtors 9 0 0 Cash at Bank and in Hand 27,560 11,311 27,560 11,311 Creditors :Amounts falling due within one year 10 (52,500) (2,500) Net Current Assets (24,940) 8,811 Total Assets less Current Liabilities (24,940) 8,811 Net Assets 11 £(24,940) £ 8,811 Unrestricted Funds 12 (24,940) 8,811 Total Funds £(24,940) £ 8,811 |
|---|---|---|
| £ | 8,811 | |
| 8,811 | ||
| 8,811 | ||
| £ | 8,811 | |
| 8,811 |
Approved by the Trustees on 24 January 2022, and signed on behalf of them all.
Mr Eliezer Schlesinger Trustee
The notes on pages 6 to 8 form part of these accounts.
Page 5
Friends of Eidah Charedeis Orthodox Council of Jerusalem
Notes To The Accounts - 31 March 2021
1) Principal Accounting Policies
Basis of Accounting
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.
Cash Flow
The accounts do not include a cash flow statement because the charity as a small reporting entity is exempt from the requirement to prepare such a statement.
Donations and Fund Accounting
Donations received for the general and main purposes of the Charity is included as unrestricted funds in the Statement of Financial Activities when receivable.
Donations and Grants for activities restricted by the donors are taken to restricted funds if the wishes and conditions of the donor are legally binding on the Trustees.
Resources Expended
Management and administration costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.
The irrecoverable element of VAT is included with the item of expense to which it relates.
| Unrestricted Restricted Funds Funds £ £ 2) Incoming Funds Donations Received 413,160 Total Income Generated £ 413,160 £ 0 |
Total 2021 £ 413,160 £ 413,160 |
2020 £ 659,669 £ 659,669 |
2020 £ 659,669 £ 659,669 |
|---|---|---|---|
| 659,669 |
Page 6
Friends of Eidah Charedeis Orthodox Council of Jerusalem
Notes To The Accounts - 31 March 2021
| Unrestricted Restricted 3) Analysis of Total Resources Expended Funds Funds Charitable Activities Cost of Activities In Furtherance of the Charity's Objects Donations and Grants 446,386 0 Books and Grants 0 0 Total 446,386 0 Total Cost of Activities In Furtherance of the Charity's Objects £ 446,386 £ 0 4) Cost of Generating Funds 5) Governance Costs Bank Charges Office Expenses Charitable Activities |
Total 2021 £ 446,386 0 446,386 £ 446,386 |
Total 2020 £ 677,943 0 677,943 £ 677,943 |
|---|---|---|
| £ 0 525 0 £ 525 |
£ 0 278 0 £ 278 |
6) Taxation
The Charity is exempt from taxation on its charitable activities.
7) Tangible Fixed Assets
| Motor | Motor | Office | Office | Office | Total | Alarm | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Car | Equipment | Equipment | |||||||||||
| Cost or | valuation | £ | £ | £ | £ | £ | |||||||
| At | 31 March 2020 | 0 | 0 | 0 | 0 | 0 | |||||||
| Additions | 0 | 0 | 0 | ||||||||||
| Disposals | 0 | 0 | 0 | 0 | 0 | ||||||||
| At | 31 March 2021 | 0 | 0 | 0 | 0 | 0 | |||||||
| Depreciation | |||||||||||||
| At | 31 March 2020 | 0 | 0 | 0 | 0 | 0 | |||||||
| Charge for the year | 0 | 0 | 0 | 0 | 0 | ||||||||
| At | 31 March 2021 | 0 | 0 | 0 | 0 | 0 | |||||||
| Valuation | |||||||||||||
| 31 March 2021 | £ | 0 | £ | 0 | £ 0 | £ 0 | £ 0 | ||||||
| 31 March 2020 | £ | 0 | £ | 0 | £ 0 | £ 0 | £ 0 | ||||||
| The Fixed Assets were | Purchased with | the use of Restricted Funds. |
8) The average number of Employees during the year, on a full time equivalent 2021 2020 basis was 2 2
No Employee was paid above £60,000 per year.
Page 7
Friends of Eidah Charedeis Orthodox Council of Jerusalem Notes To The Accounts - 31 March 2021
| 9) Debtors | 2021 | 2020 | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| £ | £ | |||||||||||
| Trade Debtors | 0 | 0 | ||||||||||
| Other Debtors | 0 | 0 | ||||||||||
| Tax Refundable | 0 | 0 | ||||||||||
| £ | 0 | £ | 0 | |||||||||
| 10) Creditors: Amounts falling due within one year | ||||||||||||
| 2021 | 2020 | |||||||||||
| £ | £ | |||||||||||
| Bank Loans and Overdrafts | 50,000 | 0 | ||||||||||
| Debt due within | one year | 50,000 | 0 | |||||||||
| Other Creditors | 2,500 | 2,500 | ||||||||||
| £ 52,500 | £ 2,500 | |||||||||||
| 11) Net Assets of The Charity's Funds | ||||||||||||
| Net | ||||||||||||
| Fixed | Current | Long Term | Fund | |||||||||
| Assets | Assets | Liabilities | Balances | |||||||||
| £ | £ | £ | £ | |||||||||
| Restricted Funds | 0 | 0 | 0 | 0 | ||||||||
| Unrestricted Funds | 0 | (24,940) | 0 | (24,940) | ||||||||
| Total Funds | £ | 0 | £(24,940) | £ | 0 | £(24,940) | ||||||
| 12) Unrestricted Funds : Movements In | The Year | |||||||||||
| Balance at | Transfer | To | Balance at | |||||||||
| 31 March 2020 | Income | Expended | /(From) | 31 March 2021 | ||||||||
| £ | £ | £ | Reserves | £ | ||||||||
| General Reserve | 8,811 | 413,160 | 446,911 | 0 | (24,940) | |||||||
| Total Funds £ |
8,811 | £ 413,160 | £ 446,911 | £ | 0 | £(24,940) |
13) Related Party Transactions
No trustee nor any person connected with them received any remuneration, or claimed any expense, during the year, from this or any related Charity.
There were no Related Party Transactions in the Year.
Page 8
Accountants Report to the Trustees on the Unaudited Accounts of the Charity Friends of Eidah Charedeis Orthodox Council of Jerusalem For the Year Ended 31 March 2021
We report on the financial statements of Friends of Eidah Charedeis Orthodox Council of Jerusalem for the Year Ended 31 March 2021 which comprise the Statement of Financial Activities, the Balance Sheet and the related notes. These financial statements have been prepared, under the historical cost convention, and in accordance with the recommendations in Accounting and Reporting By Charities: Statement of Recommended Practice (Issued 2015), and the Financial Reporting Standard for Smaller Entities 102 (effective 2016), and the accounting policies set out therein.
Respective Responsibilities Of Trustees and Reporting Accountants
As described on page 3, the trustees of the charity are responsible for the preparation of the accounts, and they consider that the audit requirement of section 145 of the Charities Act 2011 (the Act) does not apply. It is our responsibility to state, on the basis of procedures specified in the General Directions given by the Charity Commissioners under section 249 of the Act, whether particular matters have come to our attention.
Basis of Accountant's Report
Our examination was carried out in accordance with the General Directions given by the Charity 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. These procedures provide only the assurance expressed in our opinion.
The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently we do not express an audit opinion on the view given by the accounts.
Opinion
In our opinion, no matter has come to our attention,
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1) which gives us reasonable cause to believe that, in any material respect, the requirements a) to keep accounting records in accordance with section 130 of the Act; and
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b) to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act have not been met; or
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2) to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Date 24 January 2022
Reporting Accountant
C Rosen
Page 9