Aniyei Haolam Trust
Report and Financial Statements
For The Year Ended
31 December 2020
Charity Number 1117341
Aniyei Haolam Trust
| 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 |
Aniyei Haolam Trust
Trustees
Mr. Israel Taub Mr. Josef Mordecahay Fligman Mrs. Sarah Aberman
Administration Address
16 Ermine Road South Tottenham London N15 6DB
Charity Number 1117341
Page 1
Aniyei Haolam Trust Report of the Trustees
The Trustees present their annual report with accounts of the Charity for the Year Ended 31 December 2020.
Status and Administration
The Charity, constituted by trust deed, dated 20 November 2006, and is a Registered Charity.
Charitable Objects
The relief of poverty sickness and infirmity among persons of the Jewish faith throughout the world, and assistance with wedding expense for poor families.
Activities and Performance
The Charity raises funds which are distributed amongst charitable organisations to enable them to forward funds to deserving causes, and directly to poor families to enable them to purchase essential food and clothing, and assists with the cost of setting up homes for poor families.
The Trustees and volunteers continue to fund raise to enable the continuation of such Charitable activities.
Trustees
The Trustees in office throughout the year were Mr. Israel Taub Mr. Josef Mordecahay Fligman Mrs. Sarah Aberman
Reserves Policy
The trustees retain reserves as necessary and where appropriate, consolidate funds in order to provide activities to its users they feel to be appropriate.
Page 2
Aniyei Haolam Trust Report of the Trustees
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
a. Select suitable accounting policies and the apply them consistently.
b. Make judgements and estimates that are reasonable and prudent.
c. Follow applicable accounting standards and the Charities SORP 2008, disclosing and explaining any departures in the financial statements.
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.
Charitable Donations
During the year, the Charity made grants and donations of £1,051,039 (2019 £815,911)
Approved by The Trustees of Aniyei Haolam Trust on 22 July 2021, and signed on behalf of them all.
Trustee Mr. Israel Taub
Page 3
Aniyei Haolam Trust
Statement Of Financial Activities
For The Year Ended 31 December 2020
| Notes | Unrestricted | Restricted | 2020 | 2019 | |
|---|---|---|---|---|---|
| Funds | Funds | Total Funds | Total Funds | ||
| £ | £ | £ | £ | ||
| INCOMING RESOURCES | |||||
| Income Resources from | |||||
| Generated Funds | |||||
| Donations Received | 956,159 | 0 | 956,159 | 893,515 | |
| TOTAL GENERATED FUNDS | 2 | 956,159 | 0 | 956,159 | 893,515 |
| TOTAL INCOMING RESOURCES | 956,159 | 0 | 956,159 | 893,515 | |
| Donations | 0 | 0 | 0 | 0 | |
| Total Incoming Resources | 956,159 | 0 | 956,159 | 893,515 | |
| RESOURCES EXPENDED | |||||
| Net Incoming Resources Available | |||||
| For Charitable Application | 956,159 | 0 | 956,159 | 893,515 | |
| Charitable Expenditure | |||||
| Cost of Activities In Furtherance | |||||
| of the Charity's Objects | 1,051,039 | 0 | 1,051,039 | 945,062 | |
| Support Costs | 0 | 0 | 0 | 0 | |
| Governance Costs | 3 | 0 | 0 | 0 | 1,800 |
| Total Charitable Expenditure | 1,051,039 | 0 | 1,051,039 | 946,862 | |
| Total Resources Expended | 3 | 1,051,039 | 0 | 1,051,039 | 946,862 |
| Net Movement In Funds | (94,880) | 0 | (94,880) | (53,347) | |
| Total Funds Brought Forward |
1,367 | 8,336 | 9,703 | 63,050 | |
| Transfer To / (From) Reserves | 0 | 0 | 0 | 0 | |
| Total Funds Carried Forward |
8 | £(93,513) | £ 8,336 | £(85,177) | £ 9,703 |
Page 4
Aniyei Haolam Trust
Balance Sheet at 31 December 2020
| Balance Sheet at 31 December 2020 |
|||
|---|---|---|---|
| Notes Current Assets Cash at Bank and in Hand Creditors :Amounts falling due within one year 5 Net Current Assets / (Liabilities) Total Assets less Current Liabilities Net Assets / (Liabilities) 6 £ Unrestricted Funds 7 Restricted Funds 8 Total Funds 7 £ |
2020 2019 £ £ 18,123 10,003 18,123 10,003 (103,300) (300) (85,177) 9,703 (85,177) 9,703 (85,177) £ 9,703 (93,513) 1,367 8,336 8,336 (85,177) £ 9,703 |
||
| 9,703 | |||
| 9,703 | |||
| £ | 1,367 8,336 |
||
| 9,703 |
Approved by the Trustees on 22 July 2021, and signed on behalf of them all.
Trustee
Mr. Israel Taub
The notes on pages 6 to 8 form part of these accounts.
Page 5
Aniyei Haolam Trust
Notes To The Accounts - 31 December 2020
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 102, and follow the recommendations in Accounting and Reporting By Charities: Statement of Recommended Practice (effective from April 2015).
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
Governance 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 2020 2020 £ £ 2) Grants and Donations Received 956,159 0 £ 956,159 £ 0 3) Analysis of Total Resources Unrestricted Restricted Expended 2020 2020 Charitable Activities £ £ Cost of Activities In Furtherance of the Charity's Objects Donations to Relieve Poverty 1,051,039 0 Total Cost of Furtherance Of Charitable Objects 1,051,039 0 Governance Costs 0 0 Cost of Generating Funds 0 0 Total Cost of Activities In Furtherance of Charitable Objects £ 1,051,039 £ 0 4) Governance Costs Bank Charges and Interest 0 0 Professional Fees 0 0 £ 0 £ 0 |
**£ ** | Total Unrestricted Restricted 2020 2019 2019 £ £ £ 956,159 763,944 129,571 £ 956,159 £ 763,944 £ 129,571 £ Total Unrestricted Restricted 2020 2019 2019 £ £ £ 1,051,039 815,911 129,151 1,051,039 815,911 129,151 0 1,800 0 0 0 0 1,051,039 £ 817,711 £ 129,151 £ 0 300 0 0 1,500 0 £ 0 £ 1,800 £ 0 |
Total 2019 £ 893,515 |
Total 2019 £ 893,515 |
|---|---|---|---|---|
| 893,515 | ||||
| Total 2019 £ 945,062 |
||||
| 945,062 1,800 0 946,862 |
||||
| **£ ** | 300 1,500 |
|||
| 1,800 |
Page 6
Aniyei Haolam Trust
Notes To The Accounts - 31 December 2020
5) Creditors: Amounts falling due within one year
| Accruals Other Creditors |
2020 2019 £ £ 300 300 103,000 0 £ 103,300 £ 300 |
|---|---|
6) Net Assets of The Charity's Funds
| Net Current | |||||
|---|---|---|---|---|---|
| Assets / | Long Term | ||||
| Fixed Assets | (Liabilities) | Liabilities | Fund Balances | ||
| £ | £ | £ | £ | ||
| Unrestricted Funds | 0 | (93,513) | 0 | (93,513) | |
| Total Funds | £ 0 | £ 8,336 | £ | 0 | £ 8,336 |
7) Unrestricted Funds
| **7) ** | Unrestricted Funds | Unrestricted Funds | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance at | Balance at | ||||||||||||||
| 31 December | 2019 | Income | Expended | 31 December 2020 | |||||||||||
| £ | £ | £ | £ | ||||||||||||
| General Reserve | 1,367 | 956,159 | 1,051,039 | (93,513) | |||||||||||
| Total Funds £ |
1,367 | £ 956,159 | £ 1,051,039 | £ | (93,513) | ||||||||||
| **8) ** | Restricted Funds | Transfers and | |||||||||||||
| Investment | |||||||||||||||
| Balance | at | Gains | Balance at | ||||||||||||
| 31 December 2019 | Income | Expended | and Losses | 31 | December 2020 | ||||||||||
| £ | £ | £ | £ | ||||||||||||
| General Reserve | 8,336 | 0 | 0 | 0 | 8,336 | ||||||||||
| Total Funds £ |
8,336 | £ | 0 | £ | 0 | £ | 0 | £ | 8,336 | ||||||
| 8) | The average number of Employees | during the | year, on a full | time equivalent | 2020 | 2019 | |||||||||
| basis was | 0 | 0 |
No Employee was paid above £60,000 per year.
9) 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 7
Accountants Report to the Trustees on the Unaudited Accounts of the Charity Aniyei Haolam Trust For The Year Ended 31 December 2020
We report on the financial statements of Aniyei Haolam Trust for the year ended 31 December 2020 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 144 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,
-
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
-
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
-
2) to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Date 22 July 2021
Reporting Accountant
- C. frosen & Co
Page 11