**REGISTERED CHARITY NUMBER: 1110323**
## **KUPATH GEMACH CHAIM BECHESED VIZNITZ TRUST**
## **REPORT OF THE TRUSTEES AND**
**FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2021**
Sugarwhite Meyer Accountants Ltd First Floor 94 Stamford Hill London N16 6XS
**KUPATH GEMACH CHAIM BECHESED VIZNITZ TRUST**
## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2021**
||**Page**||
|---|---|---|
|**Reference and Administrative Details**|1||
|**Report of the Trustees**|2 to|3|
|**Independent Examiner's Report**|4||
|**Statement of Financial Activities**|5||
|**Balance Sheet**|6||
|**Notes to the Financial Statements**|7 to|9|
## **KUPATH GEMACH CHAIM BECHESED VIZNITZ TRUST**
## **REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 MAY 2021**
**TRUSTEES** Mr I Kahan Mr S Weiss Mr A Pifko **PRINCIPAL ADDRESS** 171 Kyverdale Road London N16 6PS **REGISTERED CHARITY** 1110323 **NUMBER INDEPENDENT EXAMINER** Sugarwhite Meyer Accountants Ltd First Floor 94 Stamford Hill London N16 6XS **BANKERS** LLoyds Bank plc 174 Clapton Common London E5 9AQ
Page 1
## **KUPATH GEMACH CHAIM BECHESED VIZNITZ TRUST**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MAY 2021**
## **Reference and administrative information**
Reference and administrative information is shown on page 1 of the financial statements and forms part of this report.
## **OBJECTIVES AND ACTIVITIES**
## **Objective for public benefit**
The objects of the charity are:-
(i) the relief of poor, sick, feeble and frail throughout the world and in particular but not exclusively amongst members of the Jewish faith,
(ii) the advancement of the Orthodox Jewish faith,
(iii) the advancement of Orthodox Jewish religious education.
The trustees have considered the Charity Commission's general guidance on public benefit. The objects are achieved by making either grants or interest free loans (in accordance with the tenets of the Orthodox Jewish Faith).
## **Grantmaking**
In general the trustees select the institutions to be supported according to their personal knowledge of work of the institution. Whilst not actively inviting applications, they are always prepared to accept any application which will be carefully considered and help given according to circumstances and funds then available.Applications by individuals must be accompanied by a letter of recommendation by the applicant's minister or other known religious leader.
## **FINANCIAL REVIEW**
## **Review of activities**
The trustees are satisfied with the results for the year. Income decreased by some 40% and the trustees decreased grantmaking accordingly, resulting in a surplus for the year of £39,552.
## **Reserves policy**
The trustees do not seek to maintain reserves, other than to ensure that they can continue the activities of the charity. Reserves at the year end were £40,786.
## **FUTURE PLANS**
The trustees anticipate that the charity will continue on a similar basis in the foreseeable future subject to satisfactory income and there are no plans for any major changes.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is constituted by Deed of Trust dated 18 May 2005.
## **Organisational structure**
The power to appoint new trustees is vested in the current board. It is not the intention of the trustees of the charity to appoint any new trustees. Should the situation change in the future, the trustees will apply suitable recruitment induction and training procedures.
## **Risk management**
The trustees have confirmed that there are no major risks to which the charity is exposed.
## **STATEMENT OF TRUSTEES' RESPONSIBILITIES**
The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Page 2
## **KUPATH GEMACH CHAIM BECHESED VIZNITZ TRUST**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MAY 2021**
## **STATEMENT OF TRUSTEES' RESPONSIBILITIES - continued**
The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed 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 and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charity SORP;
- make judgements and estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the board of trustees on 28 March 2022 and signed on its behalf by:
Mr S Weiss - Trustee
Page 3
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF KUPATH GEMACH CHAIM BECHESED VIZNITZ TRUST**
## **Independent examiner's report to the trustees of Kupath Gemach Chaim Bechesed Viznitz Trust**
I report to the charity trustees on my examination of the accounts of Kupath Gemach Chaim Bechesed Viznitz Trust (the Trust) for the year ended 31 May 2021.
## **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**
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of Institute of Chartered Accountants in England and Wales which is one of the listed bodies.
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.
E Meyer FCA BSc Institute of Chartered Accountants in England and Wales Sugarwhite Meyer Accountants Ltd First Floor 94 Stamford Hill London N16 6XS
28 March 2022
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## **KUPATH GEMACH CHAIM BECHESED VIZNITZ TRUST**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MAY 2021**
|**2021**
**Unrestricted**
**fund**
**Notes**
**£**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
317,677
**EXPENDITURE ON**
Raising funds
500
**Charitable activities**
2
Charitable activities
277,625
**Total**
278,125
**NET INCOME/(EXPENDITURE)**
39,552
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
1,234
**TOTAL FUNDS CARRIED FORWARD**
40,786|**2020**
**Total**
**funds**
**£**
558,427
2,850
561,568
564,418
(5,991)
7,225
1,234|
|---|---|
The notes form part of these financial statements
Page 5
## **KUPATH GEMACH CHAIM BECHESED VIZNITZ TRUST**
## **BALANCE SHEET 31 MAY 2021**
|**Notes**
**CURRENT ASSETS**
Debtors
6
Cash at bank
**CREDITORS**
Amounts falling due within one year
7
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**CREDITORS**
Amounts falling due after more than one year
8
**NET ASSETS**
**FUNDS**
Unrestricted funds
**TOTAL FUNDS**|**2021**
**Total**
**funds**
**£**
29,850
12,496
42,346
(1,560)
40,786
40,786
-
40,786
40,786
40,786|**2020**
**Total**
**funds**
**£**
35,850
6,944
42,794
(1,560)
41,234
41,234
(40,000)
1,234
1,234
1,234|
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 28 March 2022 and were signed on its behalf by:
Mr S Weiss - Trustee
The notes form part of these financial statements
Page 6
## **KUPATH GEMACH CHAIM BECHESED VIZNITZ TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2021**
## **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**
Income received by way of donations is accounted for when received.
## **Expenditure**
Liabilities are recognised in the year in which they are incurred and includes irrecoverable VAT.
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.
## **Going concern**
The financial statements have been prepared in accordance with the accounting principles appropriate to a going concern notwithstanding the deficiency in net assets at the balance sheet date. The trustees consider this to be appropriate having regard to the continued provision of financial support by the charity's creditors.
## **2. CHARITABLE ACTIVITIES COSTS**
## **3.**
|Charitable activities
**GRANTS PAYABLE**
Charitable activities
The total grants paid to institutions during the year was as
follows:
Relief of poverty
Advancement of religion
Advancement of education
Medical|**Grant**
**funding of**
**activities**
**(see note**
**3)**
**£**
275,472|**Support**
**costs (see**
**note 4)**
**£**
2,153
**2021**
**£**
275,472
**2021**
**£**
38,200
21,294
47,161
5,000
111,655|**Totals**
**£**
277,625|
|---|---|---|---|
||||**2020**
**£**
559,782|
||||**2020**
**£**
46,000
60,450
89,805
4,000|
||||200,255|
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## **KUPATH GEMACH CHAIM BECHESED VIZNITZ TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MAY 2021**
## **3. GRANTS PAYABLE - continued**
|Friends of Sevenoaks Yeshiva
19,201
Kollel Viznitz
10,000
Kollel Avreichim D'Satmar
8,500
Others under £8,000
73,954
111,655
The total grants paid to individuals during the year was as follows:
**2021**
**£**
Relief of poverty
163,817
**4.**
**SUPPORT COSTS**
**Governance**
**Other**
**costs**
**£**
**£**
Charitable activities
71
2,082
Support costs, included in the above, are as follows:
**Other**
**2021**
**Charitable**
**activities**
**£**
Sundries
71
**Governance costs**
**2021**
**Charitable**
**activities**
**£**
Independent examiner's fee
540
Independent examiner's other fees
1,020
General expenses
522
2,082|**2020**
**£**
358,027
**Totals**
**£**
2,153
**2020**
**Total**
**activities**
**£**
226
**2020**
**Total**
**activities**
**£**
540
1,020
-
1,560|
|---|---|
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**KUPATH GEMACH CHAIM BECHESED VIZNITZ TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MAY 2021**
## **5. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 May 2021 nor for the year ended 31 May 2020.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 May 2021 nor for the year ended 31 May 2020.
## **6. DEBTORS**
|Amounts falling due within one year:
Other debtors
Amounts falling due after more than one year:
Loan
Aggregate amounts
**7.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Other creditors
**8.**
**CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR**
Other creditors
**9.**
**RELATED PARTY DISCLOSURES**|**2021**
**£**
17,850
12,000
29,850
**2021**
**£**
1,560
**2021**
**£**
-|**2020**
**£**
17,850|**2020**
**£**
17,850|
|---|---|---|---|
|||18,000||
|||35,850||
|||**2020**
**£**
1,560
**2020**
**£**
40,000|**2020**
**£**
1,560|
|||||
There were no related party transactions for the year ended 31 May 2021.
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