**REGISTERED CHARITY NUMBER: 1108246**
## **Report of the Trustees and**
**Unaudited Financial Statements for the Year Ended 31 December 2020**
**for**
**M and L Cohen Charitable Trust**
Freedman Frankl & Taylor Chartered Accountants Reedham House 31 King Street West Manchester M3 2PJ
**M and L Cohen Charitable Trust**
## **Contents of the Financial Statements for the Year Ended 31 December 2020**
|||**Page**||
|---|---|---|---|
|**Report of the Trustees**|1|to|2|
|**Independent Examiner's Report**||3||
|**Statement of Financial Activities**||4||
|**Balance Sheet**||5||
|**Notes to the Financial Statements**|6|to|9|
**M and L Cohen Charitable Trust**
## **Report of the Trustees for the Year Ended 31 December 2020**
The trustees present their report with the financial statements of the charity for the year ended 31 December 2020. The trustees have adopted the provisions of Accounting and Reporting by Charities: 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) (effective 1 January 2019).
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
The principal object of the charity is the furtherance of orthodox Jewish education, relief of poverty and any other charitable activities as the trustees may from time to time and in their absolute discretion think fit.
## **Public benefit**
The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit.
## **Grantmaking**
The intention is to utilise the income from the funds to make grants and donations to various charitable causes known to the Trustees or in respect of which the Trustees may receive specific applications.
## **ACHIEVEMENT AND PERFORMANCE**
## **Charitable activities**
During the year, the charity's incoming resources amounted to £51,000 and total resources expended amounted to £35,275. This has resulted in a surplus of £15,725 for the year, increasing the funds brought forward from the previous year of £13,849 to £29,574.
## **FINANCIAL REVIEW**
## **Reserves policy**
It is the aim of the charity to maintain unrestricted funds at a level sufficient to enable it to continue to operate and meet day to day running costs.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
The charity is constituted by the Trust Deed dated 30 January 2005 and registered with the Charity Commission under charity number 1108246.
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number**
1108246
## **Principal address**
28 New Hall Road Salaford Lancashire M7 4HS
## **Trustees**
Mrs L Cohen M Cohen
## **Independent Examiner**
Ian Sluckis FCA Freedman Frankl & Taylor Chartered Accountants Reedham House 31 King Street West Manchester M3 2PJ
Page 1
**M and L Cohen Charitable Trust**
**Report of the Trustees for the Year Ended 31 December 2020**
Approved by order of the board of trustees on 26 October 2021 and signed on its behalf by:
M Cohen - Trustee
Page 2
## **Independent Examiner's Report to the Trustees of M and L Cohen Charitable Trust**
## **Independent examiner's report to the trustees of M and L Cohen Charitable Trust**
I report to the charity trustees on my examination of the accounts of M and L Cohen Charitable Trust (the Trust) for the year ended 31 December 2020.
## **Responsibilities and basis of report**
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all 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:
1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts 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.
Ian Sluckis FCA Freedman Frankl & Taylor Chartered Accountants Reedham House 31 King Street West Manchester M3 2PJ Date: .............................................
Page 3
## **M and L Cohen Charitable Trust**
## **Statement of Financial Activities for the Year Ended 31 December 2020**
|Unrestricted
Restricted
fund
fund
Notes
£
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
51,000
-
Other income
-
-
**Total**
51,000
-
**EXPENDITURE ON**
**Charitable activities**
Donations
34,975
-
Other
300
-
**Total**
35,275
-
**NET INCOME/(EXPENDITURE)**
15,725
-
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
13,849
-
**TOTAL FUNDS CARRIED FORWARD**
29,574
-|2020
2019
Total
Total
funds
funds
£
£
51,000
10,000
-
1,082
51,000
11,082
34,975
42,887
300
300
35,275
43,187
15,725
(32,105)
13,849
45,954
29,574
13,849|
|---|---|
The notes form part of these financial statements
Page 4
## **M and L Cohen Charitable Trust**
## **Balance Sheet 31 December 2020**
|Unrestricted
Restricted
fund
fund
Notes
£
£
**CURRENT ASSETS**
Debtors
5
8,500
-
Cash at bank
21,374
-
29,874
-
**CREDITORS**
Amounts falling due within one year
6
(300)
-
**NET CURRENT ASSETS**
29,574
-
**TOTAL ASSETS LESS CURRENT LIABILITIES**
29,574
-
**NET ASSETS**
29,574
-
**FUNDS**
7
Unrestricted funds
**TOTAL FUNDS**|2020
Total
funds
£
8,500
21,374
29,874
(300)
29,574
29,574
29,574
29,574
29,574|2019
Total
funds
£
6,506
7,943
14,449
(600)
13,849
13,849
13,849
13,849
13,849|
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 26 October 2021 and were signed on its behalf by:
M Cohen - Trustee
The notes form part of these financial statements
Page 5
**M and L Cohen Charitable Trust**
## **Notes to the Financial Statements for the Year Ended 31 December 2020**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: 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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals 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 consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
## **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. GRANTS PAYABLE**
|Donations
The total grants paid to institutions during the year was as follows:
Chai
Kahal Chassidim
Lubavitch
Asser Bishvil
MJGS
KDS Yavneh
Lubavitch Liverpool
Colel Chabad
King David School
Others - Less than £1,000|2020
£
34,975
2020
£
2,540
3,845
1,906
9,600
-
-
3,214
2,528
5,000
6,342
34,975|2019
£
42,887|
|---|---|---|
|||2019
£
4,760
3,540
5,180
6,500
2,000
2,000
1,550
3,160
6,676
7,521|
|||42,887|
Page 6
continued...
**M and L Cohen Charitable Trust**
## **Notes to the Financial Statements - continued for the Year Ended 31 December 2020**
## **3. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 December 2020 nor for the year ended 31 December 2019.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 December 2020 nor for the year ended 31 December 2019.
## **4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
|Unrestricted
Restricted
fund
fund
£
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
10,000
-
Other income
1,082
-
**Total**
11,082
-
**EXPENDITURE ON**
**Charitable activities**
Donations
42,887
-
Other
300
-
**Total**
43,187
-
**NET INCOME/(EXPENDITURE)**
(32,105)
-
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
45,954
-
**TOTAL FUNDS CARRIED FORWARD**
13,849
-
**5.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
2020
£
Other debtors
7,000
Tax
1,500
8,500|Total
funds
£
10,000
1,082
11,082
42,887
300
43,187
(32,105)
45,954
13,849
2019
£
5,006
1,500
6,506|
|---|---|
continued...
Page 7
**M and L Cohen Charitable Trust**
## **Notes to the Financial Statements - continued for the Year Ended 31 December 2020**
## **6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|**6.**|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**||||
|---|---|---|---|---|
||||2020|2019|
||||£|£|
||Other creditors||300|600|
|**7.**|**MOVEMENT IN FUNDS**||||
||||Net||
||||movement|At|
|||At 1.1.20|in funds|31.12.20|
|||£|£|£|
||**Unrestricted funds**||||
||General fund|13,849|15,725|29,574|
||**TOTAL FUNDS**|13,849|15,725|29,574|
||Net movement in funds, included in the above are as follows:||||
|||Incoming|Resources|Movement|
|||resources|expended|in funds|
|||£|£|£|
||**Unrestricted funds**||||
||General fund|51,000|(35,275)|15,725|
||**TOTAL FUNDS**|51,000|(35,275)|15,725|
||**Comparatives for movement in funds**||||
||||Net||
||||movement|At|
|||At 1.1.19|in funds|31.12.19|
|||£|£|£|
||**Unrestricted funds**||||
||General fund|45,954|(32,105)|13,849|
||**TOTAL FUNDS**|45,954|(32,105)|13,849|
||Comparative net movement in funds, included in the above are as follows:||||
|||Incoming|Resources|Movement|
|||resources|expended|in funds|
|||£|£|£|
||**Unrestricted funds**||||
||General fund|11,082|(43,187)|(32,105)|
||**TOTAL FUNDS**|11,082|(43,187)|(32,105)|
continued...
Page 8
**M and L Cohen Charitable Trust**
## **Notes to the Financial Statements - continued for the Year Ended 31 December 2020**
## **7. MOVEMENT IN FUNDS - continued**
A current year 12 months and prior year 12 months combined position is as follows:
|||Net||
|---|---|---|---|
|||movement|At|
||At 1.1.19|in funds|31.12.20|
||£|£|£|
|**Unrestricted funds**||||
|General fund|45,954|(16,380)|29,574|
|**TOTAL FUNDS**|45,954|(16,380)|29,574|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
||Incoming|Resources|Movement|
|---|---|---|---|
||resources|expended|in funds|
||£|£|£|
|**Unrestricted funds**||||
|General fund|62,082|(78,462)|(16,380)|
|**TOTAL FUNDS**|62,082|(78,462)|(16,380)|
## **8. RELATED PARTY DISCLOSURES**
During the year donations amounting to £50,000 were made by companies in which some of the trustees are directors
## **9. GOING CONCERN**
The charity's financial statements for the year ended 31 December 2020 have been prepared on a going concern basis as, after making appropriate enquiries, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future.
Page 9