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2021-12-31-accounts

REGISTERED CHARITY NUMBER: 1117341

REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

ANIYEI HAOLAM TRUST

Raffingers LLP, Statutory Auditor 19-20 Bourne Court Southend Road Woodford Green Essex IG8 8HD

ANIYEI HAOLAM TRUST

CONTENTS OF THE FINANCIAL STATEMENTS for the year ended 31 December 2021

Page
Report of the Trustees 1 to 3
Report of the Independent Auditors 4 to 6
Statement of Financial Activities 7
Balance Sheet 8
Cash Flow Statement 9
Notes to the Cash Flow Statement 10
Notes to the Financial Statements 11 to 16

ANIYEI HAOLAM TRUST

REPORT OF THE TRUSTEES for the year ended 31 December 2021

The trustees present their report with the financial statements of the charity for the year ended 31 December 2021. 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

'Aniyei Haolam' are Hebrew words which translate as 'The Poor of the World'. This encapsulates the objects of the charity which are the relief of poverty, sickness and infirmity among persons of the Jewish faith throughout the world.

Poverty has a negative impact on many areas and the trustees are committed to supporting those in need so that their current situation and future prospects are improved.

Public benefit

The trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit, and 'The Advancement of Religion for the Public Benefit' in particular, when reviewing the aim and objectives and in planning the charity's future activities.The aims of the charitable company for the public benefit are detailed in the 'Objectives and Activities' section of this report and the main activities undertaken in order to carry out the charitable company's aims for the public benefit are outlined under 'Achievements and Performance' below.

Grantmaking

The trustees seek to fulfil the objectives of the charity by making grants to individuals and institutions.

During the year under review communities across the world continued to suffer from the impact of the covid-19 pandemic. In the UK, restrictions brought about by lockdowns and the general economic downturn resulted in many families losing their primary sources of income. The trustees, being actively involved in promoting the welfare of their local communities, have an intimate understanding and sensitivity of its members, many of whom are at the lower end of the social classes, and who struggle to subsist from day to day. School closures, particularly where families have less 'living space' added to the stress of 'keeping the ship afloat' and had a negative influence on the emotional and mental wellbeing of people of all ages.

The trustees are grateful for the positive response from those who were able to offer financial assistance and who came forward to enable the trustees to make meaningful grants to enable families who were lacking in basic necessities. In particular the trustees were able to offer increased support to families before the Jewish Festivals to enable families to celebrate at these times. The trustees sought to provide assistance in a manner which was efficient and in which the dignity of the recipients was preserved. They assessed the applications made to them and considered their response based on the individual circumstances, the funds available, and the impact the grant had in achieving the charity's goals. Where grants are made to charities and other organisations, consideration is given to the operational efficiency and reputation of the recipient charity and the ability of the donation to 'make a difference'.

The trustees monitor the application of the grants and donations made to both institutions and individuals and meet with representatives of the institutions to obtain information as to the utilisation of funds.

ACHIEVEMENT AND PERFORMANCE

Charitable activities

The charity saw a high demand for financial assistance, in particular by individuals in the UK who were suffering hardship exacerbated by the social and economic impact of the Covid 19 pandemic. The trustees are grateful to their donors whose generosity enabled the charity to make grants totalling £1,347,133 (2020- £1,051,039).

Page 1

ANIYEI HAOLAM TRUST

REPORT OF THE TRUSTEES

for the year ended 31 December 2021

ACHIEVEMENT AND PERFORMANCE

Fundraising activities

The charity has a good reputation within the local community and has a large pool of regular donors who wish to have a part in the charitable activities of the charity. Existing donors often recommend and encourage other philanthropists to pledge their support to the success of the charity. As such, the trustees do not engage professional fundraisers nor do they undertake public collections or cold calls.

The charity is committed to the principals set out by the Fundraising Regulator in its Code of Fundraising Practice. When donors are approached, this is done with sensitivity and respect and with regard to their circumstances.

The trustees are pleased to report that no complaints were received in the past twelve months in relation to its fundraising activities.

FINANCIAL REVIEW

Financial position

The financial results of the charity's activities for the period ended 31 December 2021 are fully reflected in the attached financial statements together with the notes thereon.

Total income increased to £1,523,574 compared to £956,159 in the prior year and total expenditure increased to £1,395,577 from £1,051,039 in the previous year.

There was a net increase in funds of £127,997 with total funds carried forward being £42,820.

Reserves policy

The charity's free reserves as at 31 December 2021 were £42,820. It is the policy of the charity to maintain funds at a level which the trustees think appropriate after considering the future commitments of the charity and the likely costs of the charity for the next year. The trustees have not undertaken any formal charitable commitments and consider that the charity can rely on its ongoing support from its donors to to fund its ongoing communal activities.

Going concern

The trustees have assessed whether the use of the going concern assumption is appropriate in preparing these financial statements. They have made this assessment in respect of a period of one year from the date of approval of these financial statements.

The trustees have concluded that there are no material uncertainties related to events or conditions that may cast significant doubt on the ability of the Trust to continue as a going concern. They are of the opinion that the charity will have sufficient resources to meet its liabilities as they fall due.

FUTURE PLANS

There are no current plans to change the activities or modus operandi in the foreseeable future.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.

Recruitment and appointment of new trustees

It is not currently the intention of the trustees of the charity to appoint new trustees. Should this situation change in the future, the trustees will apply suitable recruitment and training procedures..

Organisational structure

The board of trustees administers the charity and meets regularly.

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

Page 2

ANIYEI HAOLAM TRUST

REPORT OF THE TRUSTEES

for the year ended 31 December 2021

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number

1117341

Principal address

16 Ermine Road London N15 6DB

Trustees

Mr I Taub Trustee Mr J Fligman Trustee Mrs S Aberman Trustee

Auditors

Raffingers LLP, Statutory Auditor 19-20 Bourne Court Southend Road Woodford Green Essex IG8 8HD

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).

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

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.

28/04/2023 Approved by order of the board of trustees on ............................................. and signed on its behalf by:

............................................................................... Mr I Taub - Trustee

Page 3

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF ANIYEI HAOLAM TRUST

Opinion

We have audited the financial statements of Aniyei Haolam Trust (the 'charity') for the year ended 31 December 2021 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other matter

In the previous accounting period, the trustees of the charity took advantage of audit exemption under section 144 of the Charities Act 2011 as amended by the Charities Act 2011 (Accounts and Audit) Order 2015. Therefore, the prior period financial statements were not subject to audit.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees are responsible for the preparation of the financial statements which give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

Page 4

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF ANIYEI HAOLAM TRUST

Our responsibilities for the audit of the financial statements

We have been appointed as auditors under Section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

We assessed the susceptibility of the charity's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

To address the risk of fraud through management bias and override of controls, we:

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the trustees and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Page 5

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF ANIYEI HAOLAM TRUST

Use of our report

This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Raffingers LLP, Statutory Auditor 19-20 Bourne Court Southend Road Woodford Green Essex IG8 8HD 28/04/2023 Date: .............................................

Page 6

ANIYEI HAOLAM TRUST

STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 December 2021

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
Investment income
3
Total
EXPENDITURE ON
Raising funds
4
Charitable activities
5
Expenditure on charitable activities
Total
NET INCOME/(EXPENDITURE)
Transfers between funds
14
Net movement in funds
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
fund
£
1,523,534
40
1,523,574
37,500
1,358,077
1,395,577
127,997
8,336
136,333
(93,513)
42,820		 Restricted
fund
£
-
-
-
-
-
-
-
(8,336)
(8,336)
8,336
-		 2021
Total
funds
£
1,523,534
40
1,523,574
37,500
1,358,077
1,395,577
127,997
-
127,997
(85,177)
42,820		 2020
Total
funds
£
956,159
-
956,159
-
1,051,039
1,051,039
(94,880)
-
(94,880)
9,703
(85,177)

The notes form part of these financial statements

Page 7

ANIYEI HAOLAM TRUST

BALANCE SHEET

31 December 2021

Unrestricted
fund
Notes
£
CURRENT ASSETS
Debtors
10
5,000
Cash at bank
95,287
100,287
CREDITORS
Amounts falling due within one year
11
(20,800)
NET CURRENT ASSETS/(LIABILITIES)
79,487
TOTAL ASSETS LESS CURRENT LIABILITIES
79,487
CREDITORS
Amounts falling due after more than one year
12
(36,667)
NET ASSETS/(LIABILITIES)
42,820
FUNDS
14
Unrestricted funds
Restricted funds
TOTAL FUNDS
 2021
Restricted
Total
fund
funds
£
£
-
5,000
-
95,287
-
100,287
-
(20,800)
-
79,487
-
79,487
-
(36,667)
-
42,820
42,820
-
42,820

28/04/2023		 2020
Total
funds
£
-
18,123
18,123
(56,633)
(38,510)
(38,510)
(46,667)
(85,177)
(93,513)
8,336
(85,177)

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:

............................................. Mr I Taub - Trustee

The notes form part of these financial statements

Page 8

ANIYEI HAOLAM TRUST

CASH FLOW STATEMENT
for the year ended 31 December 2021
2021
Notes
£
Cash flows from operating activities
Cash generated from operations
1
80,457
Net cash provided by/(used in) operating activities
80,457
Cash flows from investing activities
Interest received
40
Net cash provided by investing activities
40
Cash flows from financing activities
New loans in year
-
Loan repayments in year
(3,333)
Net cash (used in)/provided by financing activities
(3,333)
Change in cash and cash equivalents in the
reporting period
77,164
Cash and cash equivalents at the beginning of
the reporting period
18,123
Cash and cash equivalents at the end of the
reporting period
95,287		 2020
£
(31,877)
(31,877)
-
-
50,000
-
50,000
18,123
-
18,123

The notes form part of these financial statements

Page 9

ANIYEI HAOLAM TRUST

NOTES TO THE CASH FLOW STATEMENT for the year ended 31 December 2021

1. RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES

Net income/(expenditure) for the reporting period (as per the Statement of
Financial Activities)
Adjustments for:
Interest received
Increase in debtors
(Decrease)/increase in creditors
Net cash provided by/(used in) operations		 2021
£
127,997
(40)
-
(5,000)
(42,500)
80,457		 2020
£
(94,880)
-
9,703
-
53,300
(31,877)

2. ANALYSIS OF CHANGES IN NET (DEBT)/FUNDS

Net cash At 1.1.21
Cash flow
At 31.12.21
£
£
£
Cash at bank 18,123
77,164
95,287
18,123
77,164
95,287
Debt
Debts falling due within 1 year (3,333)
(6,667)
(10,000)
Debts falling due after 1 year (46,667)
10,000
(36,667)
(50,000)
3,333
(46,667)
Total (31,877)
80,497
48,620

The notes form part of these financial statements

Page 10

ANIYEI HAOLAM TRUST

NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 December 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

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.

Charitable activities

The cost of charitable activities comprises those incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Governance costs

Governance costs comprise those costs associated with meeting the constitutional and strategic requirements of the charity and the audit fees and costs linked to the strategic management of the charity.

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.

Debtors

Debtors are recognised at their settlement amount, less any provision for non-recoverable.

Creditors and provisions

Creditors are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of settlement can be estimated reliably.

Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments.

continued...

Page 11

ANIYEI HAOLAM TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 December 2021

2. DONATIONS AND LEGACIES

Donations
3.
INVESTMENT INCOME
Deposit account interest
4.
RAISING FUNDS
Raising donations and legacies
Fundraising costs
5.
CHARITABLE ACTIVITIES COSTS
Expenditure on charitable activities
6.
GRANTS PAYABLE
The total grants paid to institutions during the year were as follows:
Chasidie Viznitz Synagogue
Chatzar Hakodesh Viiznitz
Kollel Yeshuas Chaim
Mosdos Vizinitz Antwerpen
Grants less than £15,000
Total
Grants to individuals		 Grant
funding of
activities
(see note
6)
£
1,347,133
136,451
46,500
15,000
15,000
47,850
£260,801
£1,086,332		 2021
£
1,523,534
2021
£
40
2021
£
37,500
Support
costs (see
note 7)
£
10,944		 2020
£
956,159
2020
£
-
2020
£
-
Totals
£
1,358,077

All grants were paid from unrestricted funds to individuals, and charitable institutions whose objects are in line with the objects of the charity.

continued...

Page 12

ANIYEI HAOLAM TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 December 2021

7. SUPPORT COSTS

SUPPORT COSTS
Governance
Finance costs Totals
£ £ £
Expenditure on charitable activities 444 10,500 10,944

8. AUDITORS' REMUNERATION

The auditors' remuneration for the year ended 31 December 2021 was £7,500.

There were also fees of £3,000 paid to the auditors for non audit services.

9. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2021 nor for the year ended 31 December 2020.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 December 2021 nor for the year ended 31 December 2020.

10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

11.

Other debtors
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Bank loans and overdrafts (see note 13)
Other creditors		 2021
£
5,000
2021
£
10,000
10,800
20,800		 2020
£
-
2020
£
3,333
53,300
56,633

continued...

Page 13

ANIYEI HAOLAM TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 December 2021

12.
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
Bank loans (see note 13)
13.
LOANS
An analysis of the maturity of loans is given below:
Amounts falling due within one year on demand:
Bank loans
Amounts falling between one and two years:
Bank loans - 1-2 years
Amounts falling due between two and five years:
Bank loans - 2-5 years
14.
MOVEMENT IN FUNDS
At 1.1.21
£
Unrestricted funds
General fund
(93,513)
Restricted funds
Restricted fund
8,336
TOTAL FUNDS
(85,177)
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
TOTAL FUNDS		 ONE YEAR
Net
movement
in funds
£
127,997
-
127,997
Incoming
resources
£
1,523,574
1,523,574		 2021
£
36,667
2021
£
10,000
10,000
26,667
Transfers
between
funds
£
8,336
(8,336)
-
Resources
expended
£
(1,395,577)
(1,395,577)		 2020
£
46,667
2020
£
3,333
10,000
36,667
At
31.12.21
£
42,820
-
42,820
Movement
in funds
£
127,997
127,997

continued...

Page 14

ANIYEI HAOLAM TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 December 2021

14. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds
General fund
Restricted funds
Restricted fund
TOTAL FUNDS
Comparative net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
TOTAL FUNDS
A current year 12 months and prior year 12 months combined position is as
At 1.1.20
£
Unrestricted funds
General fund
1,367
Restricted funds
Restricted fund
8,336
TOTAL FUNDS
9,703		 At 1.1.20
£
1,367
8,336
9,703
Incoming
resources
£
956,159
956,159
follows:
Net
movement
in funds
£
33,117
-
33,117		 Net
movement
in funds
£
(94,880)
-
(94,880)
Resources
expended
£
(1,051,039)
(1,051,039)
Transfers
between
funds
£
8,336
(8,336)
-		 At
31.12.20
£
(93,513)
8,336
(85,177)
Movement
in funds
£
(94,880)
(94,880)
At
31.12.21
£
42,820
-
42,820

continued...

Page 15

ANIYEI HAOLAM TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 December 2021

14. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
TOTAL FUNDS		 Incoming
resources
£
2,479,733
2,479,733		 Resources
expended
£
(2,446,616)
(2,446,616)		 Movement
in funds
£
33,117
33,117

15. RELATED PARTY DISCLOSURES

During the year, the charity recieved donaitons aggregating £84,000 from companies of which one of the trustees of the charity is a director.

Page 16