REGISTERED CHARITY NUMBER: 1123184 

Report of the Trustees and 

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Unaudited Financial Statements for the Year Ended 31 March 2021 

for 

SOLI KELATY & ISAAC LEVY MEMORIAL TRUST 

Jeff Lermer & Associates Chartered Accountants 42 Lytton Road Barnet Hertfordshire ; ENS 5BY 

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## SOLI KELATY & ISAAC LEVY MEMORIAL TRUST 

Contents of the Financtal Statements for the Year Ended 31 March 2021 

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Reference and Administrative Details 1 Report of the Trustees 2 Independent Examiner's Report 3 Statement of Financlai Activities 4 Balance Sheet 5 

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Notes to tha Financlal Statements 6 to 8 

Datalled Statement of Financlal Activittes 9 



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## SOLI KELATY & ISAAC LEVY MEMORIAL TRUST 

Reference and Administrative Detalls for the Year Ended 31 March 2021 

## TRUSTEES 

Mr F S Kelaty Ms S Kelaty Mr D Lerer 

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## PRINCIPAL ADDRESS 

OCC Estate 105 Eade Road London N41T] . 

## REGISTERED CHARITY NUMBER 1129164 

## INDEPENDENT EXAMINER 

Jeff Lermer & Associates Chartered Accountants 42 Lytton Road Barnet Hertfordshire EN5 5BY 

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## SOLI KELATY & ISAAC LEVY MEMORIAL TRUST 

## Report of the Trustees for the Year Ended 31 March 2021 

The trustees present their report with the financial statements of the charity for the year ended 31 March 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charltles 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 

The objectives of the charity Is to provide or assist In the provision of facllitles in the interests of soclal welfare for children, young people or other charittes or voluntary bodies. 

In fulffling thelr obligations, the Trustees have had regard to the guidance Issued by the Charty Commission on public benefit, 

FINANCIAL REVIEW The Income recelved for the year was £35,487 and made a net surplus of £25,271. 

‘The Trustees ara satisfied with the results for the year. 

## STRUCTURE, GOVERNANCE AND MANAGEMENT 

‘The Trust is an unincorporated charity, Charity No. 1129184, governed by a trust deed date 5 March 2008. There are 3 Trustees that meet to make decislons in regards to the financial management and governance of the Charity. 

All trustees give thelr time voluntary and receive no remuneration or other benefits. 

STATEMENT OF TRUSTEES’ RESPONSISILITIES The trustees are responsible for preparing the Report of the Trustees and the financial statements In accordance with applicable flaw and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), 

The law appllcable to charitles In England and Wales, the Charittes Act 2014, Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed requires the trustees to prepare financial statements for each financlal year which give a (ue and falr 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 thase financlal statements, the trustees are required to - select suitable accounting palictes and then apply them consistently; ~ observa the methods and principles In the Charity SORP; - make Judgements and estimates that are reasonable and prudent; - prepare the financial statements on the golng concern basts untess it Is inappropriate to presume that the charity will continue in business, 

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financlal position of the charity and to enable them to ensure that the financlal statements comply with the Charitles Act 2011, the Charity (Accounts and Repotts) 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. 

Approved by order of the board of trustees on NGI GOT Lense and signed on Its behalf by: 


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## Independent Examiner's Report to the Trustees of Soli Kelaty & Isaac Levy Memorial Trust 

Independent examiner's report to the trustees of Soli Kelaty & Iszac Lavy Memorlal Trust T report to the charity trustees on my examination of the accounts of Soli Kelaty & Isaac Levy Memorial Trust (the Trust) for the year ended 31 March 2021. 

## 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 requiremants of the Charitles Act 2011 (‘the Act’), 

T report In respect of my examination of the Trust's accounts carrled out under section 145 of the Act and In canying out my examination I have followed all applicable Directions given by the Charity Commission under sectton 145(5)(b) of the Act. 

Independent examiner's statement 

T have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to beHeve that In any material respect: 

1. accounting racards were not kept In respect ofthe 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 Charties (Accounts and Reports) Regulations 2008 other than any requirement that the accounts glve a true and fatr view which {s not a matter considered as part of an Independent examination. 

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Thave no concerns and have come across no other matters in connection with the examinatton to which attention should be drawn In this report In order to enable a proper understanding of the accounts to be reached, 

She FCA Jeff Lermer & Associates Chartered Accountants 42 Lytton Road Barnet Hertfordshire ENS SBY Date: LOL (ZO Ce 

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## SOLI KELATY & ISAAC LEVY MEMORIAL TRUST 

Statement of Financial Activities for the Year Ended 31 March 2024 

|Statement ofof Financial Activities<br>for the Year Ended 31the Year Ended 31Year Ended 31Ended 3131 March 2024||||
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|||31,3.21<br>Unrestricted<br>fund|31.3.20<br>Tota!<br>funds|
||Notes|£|E|
|INCOMEAND ENDOWMENTSFROM||||
|Investment incame|2|35,487|35,478|
|EXPENDITUREON||||
|Other||10,216|6,881|
|NETINCOME||25,271|28,597|
|RECONCILIATION OFFUNDS||||
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||<br>Totalfundebroughtforward<br>||||496,040<br>|_|467,443<br>|_<br>_|
||<br>TOTALFUNDSCARRIEDFORWARD<br>521,311<br>496,040||||



The notes form part of these financial statements 

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## SOLI KELATY & ISAAC LEVY MEMORIAL TRUST 

## Balance Sheet 31 March 2021 


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|31.3.21|31.3.20|
|Unrestricted|Total|
|Notes|fund|funds|
|FIXED ASSETS|£|E|
|Investment property|4|787,864|787,864|
|CURRENT ASSETS|,|
|Cash|at bank|34,655|29,123|
|CREDITORS|
|Amounts falling due within one year|5|(29,316)|(29,316)|
|NET CURRENT ASSETS|5,339|(193)|
|TOTAL ASSETS LESS CURRENT LIABILITIES|793,203|787,671|
|CREDITORS|
|Amounts falling due after mora than one|year|6|(271,892)|(291,631)|
|NET ASSETS|521,311|496,040|
|FUNDS|8|
|Unrestricted funds|521,311|496,040|
|TOTAL FUNDS|521,311|496,040|

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The financial statements wera approved by the Board of Trustees and authorised for Issue on cbfQube LEZ Cocsseeeeeees and were signed on Its behalf by: er ~Trustee | . 

The notes form part of these financial statements 

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Notes to the Financlal Statements for the Year Ended 31 March 2021 

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## SOLT KELATY & ISAAC LEVY MEMORIAL TRUST 

1. ACCOUNTING POLICIES 

Basts of preparing the flnancial statements The financtat statements of the charity, which Is a public benefit entity under FRS 102, have been prepared in accordance with the Charitles SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charltles preparing thelr accounts In accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financlal Reporting Standard 102 ‘The Financlal Reporting Standard applicable In the UK and Republic of Ireland‘ and the Charitles Act 2011. The financta! statements have been prepared under the historical cost convention. 

income All Income Is recognised In the Statement of Financlal Activities once the charity has entitlement to the funds, It is probable that the Income will be recelved and the amount can be measured rellably. 

Expanditure {abilities are recognised as expenditure as soon as there Is a lagal 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 heen allocated to activities on a basis consistent with the use of resources, 

## Investment property 

Investment property Is shown at most recent valuation. Any aggregate surplus or deficit arising from changes In fair value ts recognised in the Statement of Financial Activities. Taxution , 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 ralsed for particular restricted purposes. 

Further explanation of the nature and purpose of each fund {s Included {n the notes to the financial statements. 

## INVESTMENT INCOME 

## Rents received 

- , 

- 31,3.21 31.3.20 E £ 

- 35,487 35,478 

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3. 

## ‘TRUSTEES’ REMUNERATION AND BENEFITS 

‘There were.no trustees’ remuneration or other benefits for the year anded 31 March 2021 nor for the year ended 341 March 2020. 

Trusteas'’ expenses 

There were no trustees’ expenses pald for the year ended 31 March 2021 nor for the year ended 31 March 2020. 

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## SOLI KELATY & ISAAC LEVY MEMORIAL TRUST 


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|Notes to the|Financtal Statements|- continued|
|for the Year Ended 31|March|2021|
|4|INVESTMENT|PROPERTY|
|£|
|FAIR VALUE|
|At|1|April|2020|
|and 31|March 2021|787,864|
|NET BOOK VALUE|
|At 31|March 2021|787,864|
|At 31|March|2020|787,864|
|5.|CREDITORS: AMOUNTS FALLING|DUE WITHIN ONE YEAR|
|31.3.21|31,3.20|
|Bank|E|£|
|loans and overdrafts (see note 7)|29,316|29,316|
|6.|CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR|
|31.3.21|31,3.20|
|Bank loans (see note 7)|271,892|291,631|
|7.|LOANS|
|An|analysis of the maturlty of loans|Is given|below:|
|313,21|31.3,20|
|£|£|
|AmountsBank|falling due within one year on demand;|
|foans|29,326|29,316|
|Amounts falling between one and two years:|
|Bank loans - 1-2 years|29,316|29,316|
|Amounts falling due between|two and|five years:|.|
|Bank foans ~ 2-5 years|87,948|87,948|
|Amounts falling due|in|more than|five years:|
|Repayable|by|Instalments:|
|Bank loans more 5 yr by Instal|154,628|174,367|
|8.|MOVEMENT IN FUNDS|
|Net|
|movement|At.|
|At|1.4.20|In|funds|31,3,21|
|.|£|£|£|
|Unrestricted funds|
|General fund|496,040|25,271|621,311|
|TOTAL FUNDS|496,040|25,271|521,311|

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## SOLI KELATY & ISAAC LEVY MEMORIAL TRUST 

## Notes to the Financlal Statements - continued 

## for the Year Ended 31 March 2021 

## 8. | MOVEMENT IN FUNDS ~ continued ; 

Net movement in funds, included In the above are as follows: 


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|Incoming|Resources|Movement|
|resources|expended|in|funds|
|£|E|£|
|Unrestricted|funds|.|
|General fund|35,487|(210,216)|25,271|
|TOTAL FUNDS|35,487|(10,216)|25,271|

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## Comparatives for movement In funds 


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|Net|
|movement|At|
|.|At|1.4.19|In|funds|31.3.20|
|E|E|£|
|Unrestricted|funds|
|General fund|467,443|28,597|496,040|
|TOTAL FUNDS|467,443|28,597|496,040|

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Comparative net movernent in funds, included In the above are as follows: 


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|Incoming|Resources|Movement|
|resources|expended|In|funds|
|E|£|£|
|Unrestricted funds|
|General fund|35,478|(6,881)|28,597|
|TOTAL FUNDS|35,478|(6,881)|28,597|

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## 9. RELATED PARTY DISCLOSURES 

There were no related party transactions for the year ended 31 March 2021. 



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## SOLE KELATY & ISAAC LEVY MEMORIAL TRUST 


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|Detailed|Statement|of Financial|Activities|
|for the|Year|Ended|31|March|2021|
|31,3.21|31.3.20|
|E|E|
|INCOME AND ENDOWMENTS|
|Investment income|
|Rents received|35,487|35,478|
|Total|incoming|resources|35,487|35,478|
|EXPENDITURE|
|Support costs|
|Finance|
|Bank charges|151|151|
|Information technology|
|Repairs and renewals|486|478|
|Other|2|
|Bank loan|interest|9,579|6,252|
|Total|resources expended|:|10,216|6,881|
|Net Income|25,271|28,597|

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This page does not form part of the statutory financlal statements 

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