CHARITY REGISTRATION NUMBER: 1116847
Ben Amram Charitable Trust
Unaudited Financial Statements 30 November 2022
BRINDLEY GOLDSTEIN LIMITED
Chartered accountants 103 High Street Waltham Cross Herts EN8 7AN
Ben Amram Charitable Trust
Financial Statements
Year ended 30 November 2022
| Page | |
|---|---|
| Trustees' annual report | 1 |
| Independent examiner's report to the trustees | 4 |
| Statement of financial activities | 5 |
| Statement of financial position | 6 |
| Statement of cash flows | 7 |
| Notes to the financial statements | 8 |
Ben Amram Charitable Trust
Trustees' Annual Report
Year ended 30 November 2022
The trustees present their report and the unaudited financial statements of the charity for the year ended 30 November 2022.
Reference and administrative details
Registered charity name Ben Amram Charitable Trust Charity registration number 1116847 Principal office
The trustees
Mr J Teller Ms P Dominitz Mr M Deutsch Independent examiner Brindley Goldstein Limited 103 High Street Waltham Cross Herts EN8 7AN
Structure, governance and management
The day to day running of the charity is overseen by Mr Joel Teller.
New trustees are appointed based on personal competence, specialist skills and experience. They are inducted into the working of the charity by the current board and are encouraged to read the Charity Commission's various publications.
Status and Administration
The Charity, constituted by trust deed, dated 16 August 1995, is a Registered Charity.
Risk Management
The trustees have a duty to identify and review the risks to which the charity is exposed and are satisfied systems are in place to mitigate its exposure to those risks, in particular those to the operations and finances of the charity.
1
Ben Amram Charitable Trust
Trustees' Annual Report (continued)
Year ended 30 November 2022
Objectives and activities
The advancement of the Orthodox Jewish Religion.
The advancement of Orthodox Jewish Religious education and education generally. The relief of poverty, old age illness, both mental and physical, and the relief of persons suffering from disability.
The charity's aim is to collect donations and to transmit funds to approved charities and institutions as well as needy individuals.
The charity is very reliant on voluntary income and receives donations both from individuals and from businesses.
The charity makes grants to individuals and institutions.
Public Benefit
We have referred to the guidance contained in the Charity Commission's general guidance on public benefit in planning our future activities, and setting our grant making policy for the year, when reviewing our aims and objectives.
Achievements and performance
Charitable Activities
During the year the charity continued to collect funds to be distributed to charitable institutions, religious bodies and poverty-stricken people.
Incoming resources decreased by £478,775 to £759,767 (2021: £1,238,542).
Grants given to individuals amounted to £85,257 (2021: £636,179).
Grants to religious bodies amounted to £204,485 (2021: £526,614).
Donations and gifts to individuals and religious bodies amounted to £447,588 (2021: £198,248).
Financial review
The trustees retain reserves as necessary and where appropriate, consolidate funds in order to finance the operation of the Charity, and to make payments as appropriate.
Plans for future periods
The charity plans to continue to collect and make donations in accordance with its grant making policy as in previous years, for the foreseeable future. There are no plans for any major changes.
2
Ben Amram Charitable Trust
Trustees' Annual Report (continued)
Year ended 30 November 2022
The trustees' annual report was approved on 24 July 2023 and signed on behalf of the board of trustees by:
Mr J Teller Trustee
3
Ben Amram Charitable Trust
Independent Examiner's Report to the Trustees of Ben Amram Charitable Trust
Year ended 30 November 2022
I report to the trustees on my examination of the financial statements of Ben Amram Charitable Trust ('the charity') for the year ended 30 November 2022.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales (ICAEW), 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:
-
accounting records were not kept in respect of the charity as required by section 130 of the Act; or
-
the financial statements do not accord with those records; or
-
the financial statements 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.
Brindley Goldstein Limited Independent Examiner 103 High Street Waltham Cross Herts EN8 7AN
4
Ben Amram Charitable Trust
Statement of Financial Activities
Year ended 30 November 2022
| 2022 | 2021 | |||
|---|---|---|---|---|
| Unrestricted | ||||
| fundsTotal funds | Total funds | |||
| Note | £ | £ | £ | |
| Income and endowments | ||||
| Donations and legacies | 4 | 759,667 | 759,667 | 1,237,974 |
| Charitable activities | 5 | 100 | 100 | 568 |
| -------------------------------- | -------------------------------- | ----------------------------------------- | ||
| Total income | 759,767 | 759,767 | 1,238,542 | |
| ================================ | ================================ | ========================================= | ||
| Expenditure | ||||
| Expenditure on charitable activities | 6,7 | 747,264 | 747,264 | 1,373,688 |
| -------------------------------- | -------------------------------- | ----------------------------------------- | ||
| Total expenditure | 747,264 | 747,264 | 1,373,688 | |
| ================================ | ================================ | ========================================= | ||
| -------------------------------- | -------------------------------- | ----------------------------------------- | ||
| Net income/(expenditure) and net movement in funds | 12,503 | 12,503 | (135,146) | |
| ================================ | ================================ | ========================================= | ||
| Reconciliation of funds | ||||
| Total funds brought forward | 12,716 | 12,716 | 147,862 | |
| -------------------------------- | -------------------------------- | ----------------------------------------- | ||
| Total funds carried forward | 25,219 | 25,219 | 12,716 | |
| ================================ | ================================ | ========================================= |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 8 to 13 form part of these financial statements.
5
Ben Amram Charitable Trust
Statement of Financial Position
30 November 2022
| 2022 | 2021 | ||
|---|---|---|---|
| Note | £ | £ | |
| Current assets | |||
| Debtors | 13 | 11,357 | 10,161 |
| Cash at bank and in hand | 15,362 | 7,955 | |
| ---------------------------- | ---------------------------- | ||
| 26,719 | 18,116 | ||
| Creditors: amounts falling due within one year | 14 | 1,500 | 5,400 |
| ---------------------------- | ---------------------------- | ||
| Net current assets | 25,219 | 12,716 | |
| ---------------------------- | ---------------------------- | ||
| Total assets less current liabilities | 25,219 | 12,716 | |
| ---------------------------- | ---------------------------- | ||
| Net assets | 25,219 | 12,716 | |
| ============================ | ============================ | ||
| Funds of the charity | |||
| Unrestricted funds | 25,219 | 12,716 | |
| ---------------------------- | ---------------------------- | ||
| Total charity funds | 15 | 25,219 | 12,716 |
| ============================ | ============================ |
These financial statements were approved by the board of trustees and authorised for issue on 24 July 2023, and are signed on behalf of the board by:
Mr J Teller Trustee
The notes on pages 8 to 13 form part of these financial statements.
6
Ben Amram Charitable Trust
Statement of Cash Flows
Year ended 30 November 2022
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Cash flows from operating activities | ||
| Net income/(expenditure) | 12,503 | (135,146) |
| Adjustments for: | ||
| Accrued (income)/expenses | (3,900) | 5,100 |
| Changes in: | ||
| Trade and other debtors | (1,196) | (4,743) |
| ---------------------------- | -------------------------------- | |
| Cash generated from operations | 7,407 | (134,789) |
| ----------------------- | -------------------------------- | |
| Net cash from/(used in) operating activities | 7,407 | (134,789) |
| ======================= | ================================ | |
| Net increase/(decrease) in cash and cash equivalents | 7,407 | (134,789) |
| Cash and cash equivalents at beginning of year | 7,955 | 142,744 |
| ---------------------------- | -------------------------------- | |
| Cash and cash equivalents at end of year | 15,362 | 7,955 |
| ============================ | ================================ |
The notes on pages 8 to 13 form part of these financial statements.
7
Ben Amram Charitable Trust
Notes to the Financial Statements
Year ended 30 November 2022
1. General information
The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is 103 Manor Road, London, N16 5PA.
2. Statement of compliance
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.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Disclosure exemptions
Disclosures in respect of financial instruments have not been presented.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
In the process of applying the entity's accounting policies no significant judgements or key sources of estimation were made by management that have any significant effect on the amounts recognised in the financial statements.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
8
Ben Amram Charitable Trust
Notes to the Financial Statements (continued)
Year ended 30 November 2022
3. Accounting policies (continued)
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
-
income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
-
legacy income is recognised when receipt is probable and entitlement is established.
-
income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
-
income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
-
expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods.
-
expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
-
other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
9
Ben Amram Charitable Trust
Notes to the Financial Statements (continued)
Year ended 30 November 2022
4. Donations and legacies
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2022 | Funds | 2021 | |
| £ | £ | £ | £ | |
| Donations | ||||
| Donations and gifts | 759,667 | 759,667 | 1,237,974 | 1,237,974 |
| ================================ | ================================ | ========================================= | ========================================= |
5. Charitable activities
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2022 | Funds | 2021 | |
| £ | £ | £ | £ | |
| Other income from charitable activities | 100 | 100 | 568 | 568 |
| ============== | ============== | ============== | ============== |
10
Ben Amram Charitable Trust
Notes to the Financial Statements (continued)
Year ended 30 November 2022
6. Expenditure on charitable activities by fund type
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2022 | Funds | 2021 | |
| £ | £ | £ | £ | |
| Charitable activities | 745,764 | 745,764 | 1,368,288 | 1,368,288 |
| Support costs | 1,500 | 1,500 | 5,400 | 5,400 |
| -------------------------------- | -------------------------------- | ----------------------------------------- | ----------------------------------------- | |
| 747,264 | 747,264 | 1,373,688 | 1,373,688 | |
| ================================ | ================================ | ========================================= | ========================================= |
7. Expenditure on charitable activities by activity type
| Activities | ||||||
|---|---|---|---|---|---|---|
| undertaken | Grant funding |
Support | Total funds | Total fund | ||
| directly | of activities |
costs | 2022 | 2021 | ||
| £ | £ | £ | £ | £ | ||
| Charitable activities | 456,022 | 289,742 |
– | 745,764 | 1,368,288 | |
| Governance costs | – | – |
1,500 | 1,500 | 5,400 | |
| -------------------------------- | -------------------------------- | ----------------------- | -------------------------------- | ----------------------------------------- | ||
| 456,022 | 289,742 |
1,500 | 747,264 | 1,373,688 | ||
| ================================ | ================================ | ======================= | ================================ | ========================================= | ||
| 8. | Analysis of grants | |||||
| 2022 | 2021 | |||||
| £ | £ | |||||
| Grants to institutions | ||||||
| Grants to institutions | 204,485 | 526,614 | ||||
| Grants to individuals | ||||||
| Grants to individuals | 85,257 | 636,179 | ||||
| -------------------------------- | ----------------------------------------- | |||||
| Total grants | 289,742 | 1,162,793 | ||||
| ================================ | ========================================= | |||||
| 9. | Auditors remuneration | |||||
| 2022 | 2021 | |||||
| £ | £ | |||||
| Fees payable for the audit of the financial statements | – | 5,400 | ||||
| ============== | ======================= | |||||
| 10. | Independent examination fees | |||||
| 2022 | 2021 | |||||
| £ | £ | |||||
| Fees payable to the independent examiner for: | ||||||
| Independent examination of the financial statements | 1,500 | – | ||||
| ======================= | ============== |
11. Staff costs
The average head count of employees during the year was Nil (2021: Nil).
No employee received employee benefits of more than £60,000 during the year (2021: Nil).
11
Ben Amram Charitable Trust
Notes to the Financial Statements (continued)
Year ended 30 November 2022
12. Trustee remuneration and expenses
No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.
No trustees expenses have been incurred.
13. Debtors
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Trade debtors | 2,147 | 741 |
| Other debtors | 9,210 | 9,420 |
| ---------------------------- | ---------------------------- | |
| 11,357 | 10,161 | |
| ============================ | ============================ | |
| Creditors: amounts falling due within one year | ||
| 2022 | 2021 | |
| £ | £ | |
| Accruals and deferred income | 1,500 | 5,400 |
| ======================= | ======================= |
14. Creditors: amounts falling due within one year
15. Analysis of charitable funds
Unrestricted funds
| Unrestricted funds | ||||||
|---|---|---|---|---|---|---|
| At | At | |||||
| 1 | December | 30 | November | |||
| 2021 | Income | Expenditure | 2022 | |||
| £ | £ | £ | £ | |||
| General funds | 12,716 | 759,767 | (747,264) | 25,219 | ||
| ============================ | ================================ | ================================ | ============================ | |||
| At | At | |||||
| 1 | December | 30 | November | |||
| 2020 | Income | Expenditure | 2021 | |||
| £ | £ | £ | £ | |||
| General funds | 147,862 | 1,238,542 | (1,373,688) | 12,716 | ||
| ================================ | ========================================= | ========================================= | ============================ |
12
Ben Amram Charitable Trust
Notes to the Financial Statements (continued)
Year ended 30 November 2022
16. Analysis of net assets between funds
| Unrestricted | Total Funds | |
|---|---|---|
| Funds | 2022 | |
| £ | £ | |
| Current assets | 26,719 | 26,719 |
| Creditors less than 1 year | (1,500) | (1,500) |
| ---------------------------- | ---------------------------- | |
| Net assets | 25,219 | 25,219 |
| ============================ | ============================ | |
| Unrestricted | Total Funds | |
| Funds | 2021 | |
| £ | £ | |
| Current assets | 18,116 | 18,116 |
| Creditors less than 1 year | (5,400) | (5,400) |
| ---------------------------- | ---------------------------- | |
| Net assets | 12,716 | 12,716 |
| ============================ | ============================ |
17. Analysis of changes in net debt
| At | At | |||
|---|---|---|---|---|
| 1 | Dec 2021 | Cash flows | 30 Nov 2022 | |
| £ | £ | £ | ||
| Cash at bank and in hand | 7,955 | 7,407 | 15,362 | |
| ======================= | ======================= | ============================ |
18. Related parties
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.
13