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2021-03-31-accounts

Ora Vesimcha

Annual Report and Financial Statements

For year ended 31 March 2021

Charity Number 1115124

Accounts and Business Solutions Limited

158 Cromwell Road Salford M6 6DE

ORA VESIMCHA

Page 2

Charity Commission Number 1115124 Financial Statements For year ended 31 March 2021

Contents

Charity Information
Report of The Trustees
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
Notes forming part of the financial statements		 Page
3
4 - 5
6
7
8
9

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ORA VESIMCHA

Charity Commission Number 1115124 Financial Statements For year ended 31 March 2021

Charity Information

Board of Trustees

S Eisner M Grunhut

Administration Address

30 Durley Road London N16 5JS

Charity Number

1115124

Bankers

Lloyds TSB 174 Clapton Common London E5 9AQ

Accountants and Independent Examiners

David Pollak Accounts and Business Solutions Limited 158 Cromwell Road

Salford M6 6DE

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ORA VESIMCHA Charity Commission Number 1115124 Financial Statements For year ended 31 March 2021

Report of the Trustees

Status and Administration

The Charity, constituted by a trust deed dated 9 June 2006, is a registered charity.

Trustees

The Trustees in office throughout the year were Mr. S Eisner and Mr. M Grunhut.

No trustee nor any person connected with them received any remuneration during the year.

Charitable Objects

The objects of the charity are:

During the year the charity made use of its obtained funds and reserves, of which £60,094 (2020: £172,684) was donated to the organization in Israel, which comprises 61% of total donations £99,008 made (2020: £196,175).

It is envisaged that similar progress will ensue in the following year.

Donations received

Donations received during the year amount to £117,156 (2020: £227,374).The trustees believe that the large reduction of donations received is due to the inability of the heads of the Ora Vesimcha institution in Israel to come to the UK as they ususally do, because of the travel restrictions and out of concern of spreading the coronavirus.

The trustees are satisfied with the level of reserves held by the charity and intend on making use of theseto cover its costs, activities and future grants in accordance of, and in furtherance to the Charity's Objects.

Grants and Donations

None of this valuable work would be possible without the ongoing support of our funders who have faith in our organisation.

These funds have enabled us to provide the much needed support to the Institutions and beneficiaries.

The recipients of our services continuously express their appreciation and admiration to all members of the public that assist us in delivering vital services.

We are proud to state that the funds are being utilized to provide maximum benefit possible to as many beneficiaries as possible.

Public Benefit Disclosure

The charity accomodates to vunerable members of society and individuals with disabilties.

Reserves Policy

The trustees retain reserves as necessary and where appropriate, consolidate funds in order to make more substantial grants which they feel to be appropriate.

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ORA VESIMCHA Charity Commission Number 1115124 Financial Statements For year ended 31 March 2021

Report of the Trustees (continued)

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

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.

Approved by The Trustees on 26 January 2022

S Eisner - Trustee

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ORA VESIMCHA Charity Commission Number 1115124 Financial Statements For year ended 31 March 2021

Independent Examiner's Report to the Trustees

I report on the financial statements of Ora Vesimcha for the year ended 31 March 2020.

Respective Responsibilities of Governors and Examiner

The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.

It is my responsibility to:

to state whether particular matters have come to my attention

Basis of Independent Examiner's Report

My examination was carried out in accordance with 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.

In connection with my examination, no matter has come to my attention;

  1. which gives me reasonable cause to believe that in, any material respect, the requirements:

  2. to keep accounting records in accordance with section 130 of the Charities Act; and

  3. to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act

have not been met; or

  1. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

David Pollak Accounts and Business Solutions Limited 158 Cromwell Road Salford M6 6DE

Date: 26 January 2022

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ORA VESIMCHA

Charity Commission Number 1115124 Financial Statements

For year ended 31 March 2021

Statement of Financial Activities

Incoming Resources
Donations Received
Less:
Cost of generating funds
Travel and fundraising expenses
Net incoming resources available
for charitable application
Less:
Charitable expenditure
Cost of Activities In Furtherance
of the Charity's Objects
Grants made
Independent Examiner's fees
Bank charges and interest
Accumulated Funds
Net surplus / (deficit) for the year
Balance brought forward
Balance carried forward		 Notes
4		 Unrestricted
funds
£
117,156
117,156
130
117,026
99,008
650
93
99,751
17,275
36,691
53,966		 2020
Total
£
117,156
117,156
130
117,026
99,008
650
93
99,751
17,275
36,691
53,966		 2020
Total
£
227,374
227,374
1,000
226,374
196,175
550
213
196,938
29,436
7,255
36,691

The notes on page 9 form part of these accounts.

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ORA VESIMCHA

Charity Commission Number 1115124 Financial Statements

For year ended 31 March 2021

Balance Sheet At 31 March 2021

Current Assets
Cash at Bank
Current Liabilities
Accruals
Net Assets
Accumulated Funds
Restricted
Unrestricted		 2020
£
54,716
(750)
53,966
0
53,966
53,966		 2020
£
37,341
(650)
36,691
0
36,691
36,691

Approved by the Trustees on 26 January 2022 and signed on behalf of them all.

Trustee

The notes on page 9 form part of these accounts.

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ORA VESIMCHA Charity Commission Number 1115124 Financial Statements

For year ended 31 March 2021

Notes To The Accounts

1) Principal Accounting Policies

Basis of Accounting

The Accounts have been prepared under the historical cost convention in accordance with the Charities Act (Accounts and Reports) 2011, and the Financial Reporting Standard for Smaller Entities (Effective April 2008), and follow the recommendations in Accounting and Reporting by Charities: Statement of Recommended Practice (Issued March 2005).

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

Rental Income 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

Resources expended are accounted for on an accruals basis. Certain expenditure is apportioned to cost categories based on estimated amount attributable to that activity in the year. These estimates are based on the time and level of activity as appropriate.

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. Support costs

Support costs have been allocated between governance costs and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice.

2) Taxation

The Charitable Company is exempt from taxation on its charitable activities.

3) Turnover

The total turnover of the company for the year has been derived from its principal activity wholly undertaken in the UK.

4) Grants Made
Ora Vesimcha Institution (Israel)
Other Charitable grants and donations		 2020
£
60,094
38,914
99,008		 2020
£
172,684
23,491
196,175