REGISTERED CHARITY NUMBER: 1123582
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2023
FOR
FAIRVIEW CHARITABLE TRUST
DAS Accounting Services Ltd 105 Eade Road OCC Building A 2nd Floor Unit 11D London N4 1TJ
FAIRVIEW CHARITABLE TRUST
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2023
| 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 | 9 |
FAIRVIEW CHARITABLE TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2023
The trustees present their report with the financial statements of the charity for the year ended 30 April 2023. 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
The principal objectives of the charity throughout the year has been:
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1) The advancement of the orthodox jewish faith
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2) The advancement of orthodox jewish religious education
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3) The relief of poverty, sickness and infirmity amongst members of the jewish faith
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4) such other purposes as are charitable according to English Law
Public benefit
The trustees have considered the guidance published by the Charity Commission and believe that the charity in carrying out its objectives, fully complies with these requirements. In particular the provision of funding for education in accordance with the principles of traditional Judaism and the support of associated communal charitable institutions such as synagogues and homes for the elderly and infirm automatically give rise to a public benefit. Each year the trustees review the objectives and activities of the charity to ensure that they continue to reflect these aims. In carrying out this review, the trustees have considered the Charity Commission's general guidance on public benefit and in particular its supplementary public guidance on the advancement of religion for the public benefit.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
The charity is organised so that the trustees meet regularly to manage its affairs.
There are no paid employees and all administration work is carried out on a voluntary basis by the trustees.
FINANCIAL REVIEW
Financial position
During the year, the charity's funds have been applied in furtherance of its objectives and the day to day running of the charity.
In the year to 30 April 2023, incoming resources amounted to £41,483 (2022: £29,000) and resources expended amounted to £44,707 (2022: £42,327).
At 30 April 2023, the charity had total unrestricted funds in deficit of £2,631.The charity expects to build up its funds in the future.
Reserves policy
The trustees have reviewed the charity's needs for reserves in line with the guidance issued by the Charity Commission. Although there is a shortfall, the trustees expect to increase reserves to a sufficient level to maintain the day to day running of the charity and to achieving its objectives.
Going concern
There are no material uncertainties about the charity's ability to continue.
FUTURE PLANS
The trustees intend to continue the charity's activities and to generate sufficient income to maintain its activities.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity was established by Deed of Trust dated 19 March 2008 and constitutes an unincorporated charity.
Page 1
FAIRVIEW CHARITABLE TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2023
STRUCTURE, GOVERNANCE AND MANAGEMENT
Organisation
The charity is managed by trustees who are responsible for setting the strategic direction of the organisation and for establishing policy.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number
1123582
Principal address
20 Rookwood Road London N16 6SS
Trustees
Mrs J Feldman Mr J Feldman
Independent Examiner
Mr Pesach Davidoff FCCA DAS Accounting Services Ltd 105 Eade Road OCC Building A 2nd Floor Unit 11D London N4 1TJ
Approved by order of the board of trustees on 29 February 2024 and signed on its behalf by:
Mr J Feldman - Trustee
Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF FAIRVIEW CHARITABLE TRUST
Independent examiner's report to the trustees of Fairview Charitable Trust
I report to the charity trustees on my examination of the accounts of Fairview Charitable Trust (the Trust) for the year ended 30 April 2023.
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:
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accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
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the accounts do not accord with those records; or
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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.
Mr Pesach Davidoff FCCA
DAS Accounting Services Ltd 105 Eade Road OCC Building A 2nd Floor Unit 11D London N4 1TJ
29 February 2024
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FAIRVIEW CHARITABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 APRIL 2023
| 2023 | 2022 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| INCOME AND ENDOWMENTS FROM | |||
| Donations and legacies | 41,483 | 29,000 | |
| EXPENDITURE ON | |||
| Charitable activities | 2 | ||
| Expenditure on charitable activities | 44,707 | 42,327 | |
| NET INCOME/(EXPENDITURE) | (3,224) | (13,327) | |
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | 593 | 13,920 | |
| TOTAL FUNDS CARRIED FORWARD | (2,631) | 593 |
The notes form part of these financial statements
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FAIRVIEW CHARITABLE TRUST
BALANCE SHEET 30 APRIL 2023
| 2023 | 2022 | ||
|---|---|---|---|
| Total | Total | ||
| funds | funds | ||
| Notes | £ | £ | |
| CURRENT ASSETS | |||
| Cash in hand | 339 | 4,913 | |
| CREDITORS | |||
| Amounts falling due within one year | 6 | (2,970) | (4,320) |
| NET CURRENT ASSETS/(LIABILITIES) | (2,631) | 593 | |
| TOTAL ASSETS LESS CURRENT | |||
| LIABILITIES | (2,631) | 593 | |
| NET ASSETS | (2,631) | 593 | |
| FUNDS | 7 | ||
| Unrestricted funds | (2,631) | 593 | |
| TOTAL FUNDS | (2,631) | 593 | |
The financial statements were approved by the Board of Trustees and authorised for issue on 29 February 2024 and were signed on its behalf by:
Mr J Feldman - Trustee
The notes form part of these financial statements
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FAIRVIEW CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2023
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 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.
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 reliable
Expenditure
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:
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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.
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other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
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.
Taxation
The charity is exempt from tax on its charitable activities.
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.
Financial instruments
A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.
Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
continued...
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FAIRVIEW CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2023
2. CHARITABLE ACTIVITIES COSTS
| CHARITABLE ACTIVITIES COSTS | CHARITABLE ACTIVITIES COSTS | CHARITABLE ACTIVITIES COSTS |
|---|---|---|
| Grant funding of activities Support (see note costs (see 3) note 4) Totals £ £ £ Expenditure on charitable activities 43,500 1,207 44,707 GRANTS PAYABLE 2023 2022 £ £ Expenditure on charitable activities 43,500 41,550 |
||
| Ezras Viznitz Foundation Lehachzikom Vaad Harabanim Donations below £4,000 Total |
£7,500 £10,000 £6,000 £20,000 £43,500 |
|
| SUPPORT COSTS Governance Finance costs Totals £ £ £ Expenditure on charitable activities 257 950 1,207 |
3. GRANTS PAYABLE
4. SUPPORT COSTS
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30 April 2023 nor for the year ended 30 April 2022.
Trustees' expenses
There were no trustees' expenses paid for the year ended 30 April 2023 nor for the year ended 30 April 2022.
continued...
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FAIRVIEW CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2023
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
|---|---|---|---|---|
| 2023 | 2022 | |||
| £ | £ | |||
| Other creditors | 2,970 | 4,320 | ||
| 7. | MOVEMENT IN FUNDS | |||
| Unrestricted funds | At 1.5.22 £ |
Net movement in funds £ |
At 30.4.23 £ |
|
| General fund | 593 | (3,224) | (2,631) | |
| TOTAL FUNDS | 593 | (3,224) | (2,631) | |
| Net movement in funds, included in the above are as follows: | ||||
| Unrestricted funds | Incoming resources £ |
Resources expended £ |
Movement in funds £ |
|
| General fund | 41,483 | (44,707) | (3,224) | |
| TOTAL FUNDS | 41,483 | (44,707) | (3,224) | |
| Comparatives for movement in funds | ||||
| Unrestricted funds | At 1.5.21 £ |
Net movement in funds £ |
At 30.4.22 £ |
|
| General fund | 13,920 | (13,327) | 593 | |
| TOTAL FUNDS | 13,920 | (13,327) | 593 | |
continued...
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FAIRVIEW CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2023
7. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 29,000 | (42,327) | (13,327) |
| TOTAL FUNDS | 29,000 | (42,327) | (13,327) |
8. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 30 April 2023.
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