**REGISTERED CHARITY NUMBER: 1121865** **REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022** ## **FOR** **THE DAVIDAV CHARITABLE TRUST** Melinek Fine LLP Chartered Accountants First Floor, Winston House 349 Regents Park Road London N3 1DH **THE DAVIDAV CHARITABLE TRUST** **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022** ||**Page**| |---|---| |**Report of the Trustees**|1 to 2| |**Independent Examiner's Report**|3| |**Statement of Financial Activities**|4| |**Balance Sheet**|5| |**Notes to the Financial Statements**|6 to 7| **THE DAVIDAV CHARITABLE TRUST** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022** The trustees present their report with the financial statements of the charity for the year ended 31 March 2022. 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** - (i) To further the relief of poverty - (ii) To further the advancement of education - (iii) To further the advancement of the Jewish religion - (iv) To further any other charitable purposes beneficial to the community ## **Public benefit** The Trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the Company's aims and objectives and in planning future activities and setting the grant making policy for the year. ## **ACHIEVEMENT AND PERFORMANCE** ## **Charitable activities** The results for the period and the financial position at the period end were considered satisfactory by the trustees. The charity donated £54,332 (2021: £52,467) in support of religious, educational and other charitable institutions. ## **FINANCIAL REVIEW** ## **Reserves policy** The charity aims to maintain reserves in order that it is in a position to continue its grant making activities at a consistent level and to cover contingencies of additional calls being made upon the charity for support of organisations or institutions in times of need. The present level of funding is adequate to support the continuation of the provision of assistance by the giving of grants or equipment in the short term, and the trustees consider the financial position of the charity to be satisfactory. ## **FUTURE PLANS** The charity plans continuing the activities outlined above in the forthcoming years subject to satisfactory incoming resources. ## **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** (i) There must be at least three Trustees. Apart from the first Trustees, every Trustee must be appointed by a resolution of the Trustees passed at the special meeting called under clause 15 of the trust deed. (ii) In selecting individuals for appointment as Trustees, the Trustees must have regard to the skills, knowledge and experience needed for the effective administration of the Charity. (iii) The Trustees must keep a record of the name and address and the dates of appointment, re-appointment and retirement of each Trustee. - (iv) The Trustees must make available to each new Trustee, on his or her first appointment: a) a copy of the trust deed and any amendments made to it: b) a copy of the Charity's latest report and statement of accounts. - (v) The first Trustees shall hold office until 31st December 2017. ## **REFERENCE AND ADMINISTRATIVE DETAILS** ## **Registered Charity number** 1121865 ## **Principal address** 25 Shirehall Gardens London NW4 2QT Page 1 **THE DAVIDAV CHARITABLE TRUST** **REPORT OF THE TRUSTEES** **FOR THE YEAR ENDED 31 MARCH 2022** ## **Trustees** Mr A J Bloom Mr S D Frei Mrs V Prager ## **Independent Examiner** Aryeh Melinek FCA Melinek Fine LLP Chartered Accountants First Floor, Winston House 349 Regents Park Road London N3 1DH ## **Bankers** Barclays Bank PLC Leicester Leicestershire LE87 2BB Approved by order of the board of trustees on 25 January 2023 and signed on its behalf by: Mr A J Bloom - Trustee Page 2 **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE DAVIDAV CHARITABLE TRUST** ## **Independent examiner's report to the trustees of The Davidav Charitable Trust** I report to the charity trustees on my examination of the accounts of The Davidav Charitable Trust (the Trust) for the year ended 31 March 2022. ## **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** 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. Aryeh Melinek FCA Melinek Fine LLP Chartered Accountants First Floor, Winston House 349 Regents Park Road London N3 1DH Date: 25 January 2023 Page 3 **THE DAVIDAV CHARITABLE TRUST** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022** |**2022**
**Unrestricted**
**fund**
Notes
**£**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
**55,150**
**EXPENDITURE ON**
**Charitable activities**
Charitable Donations
**54,332**
Charitable activities
**600**
**Total**
**54,932**
**NET INCOME/(EXPENDITURE)**
**218**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**(813)**
**TOTAL FUNDS CARRIED FORWARD**
**(595) **|2021
Total
funds
£
52,500
52,467
600
53,067
(567)
(246)
(813)| |---|---| The notes form part of these financial statements Page 4 ## **THE DAVIDAV CHARITABLE TRUST** ## **BALANCE SHEET 31 MARCH 2022** |||**2022**|2021| |---|---|---|---| |||**Unrestricted**|Total| |||**fund**|funds| ||Notes|**£**|£| |**CURRENT ASSETS**|||| |Cash at bank||**5**|387| |**CREDITORS**|||| |Amounts falling due within one year|4|**(600)**|(1,200)| |**NET CURRENT ASSETS/(LIABILITIES)**||**(595) **|(813)| |**TOTAL ASSETS LESS CURRENT LIABILITIES**||**(595)**|(813)| |**NET ASSETS/(LIABILITIES)**||**(595) **|(813)| |**FUNDS**|||| |Unrestricted funds||**(595) **|(813)| |**TOTAL FUNDS**||**(595) **|(813)| The financial statements were approved by the Board of Trustees and authorised for issue on 25 January 2023 and were signed on its behalf by: Mr A J Bloom - Trustee The notes form part of these financial statements Page 5 **THE DAVIDAV CHARITABLE TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022** ## **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. ## **Financial reporting standard 102 - reduced disclosure exemptions** The charity has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland': - the requirements of Section 7 Statement of Cash Flows. ## **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. ## **Resources expended** Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs 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. ## **Taxation** The charity is exempt from tax on its charitable activities. ## **Fund accounting** All funds held are unrestricted income funds. Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. ## **2. GRANTS PAYABLE** A summary of grants made to institutions during the year is as follows: |Name of institution|**Amount (£)**| |---|---| |Hasmonean High School Charitable Trust|**17,250**| |Menorah Foundation School|**8,956**| |Independent Jewish Day School|**8,621**| |British Friends of Shavei Hebron|**8,000**| |Menorah Primary School|**2,700**| |Other|**8,805**| |Total|**54,332**| continued... Page 6 **THE DAVIDAV CHARITABLE TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022** ## **3. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31 March 2022 nor for the year ended 31 March 2021. ## **4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** |Accrued expenses|**2022**
**£**
**600**|2021
£
1,200| |---|---|---| ## **5. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 31 March 2022. Page 7