REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR YEAR ENDING 31 MARCH 2021
FOR
FRIENDS OF ZICHRON DOVID
De Claron Ltd 3a The Vale LONDON NW11 8SB
FRIENDS OF ZICHRON DOVID
CHARITY INFORMATION for the Year Ending 31 March 2021
| TRUSTEES: | R. Herman |
|---|---|
| P. Guttman | |
| SECRETARY: | R. Herman |
| REGISTERED OFFICE: | 52 East Bank |
| LONDON | |
| N16 5PZ | |
| CHARITY NUMBER: | 1123747 |
| INDEPENDENT EXAMINER: | De Claron Ltd. |
| Unit A | |
| 3 The Vale | |
| LONDON | |
| NW11 8SB |
FRIENDS OF ZICHRON DOVID
REPORT OF THE TRUSTEES
for the Year Ending 31 March 2021
The trustees presents their report with the financial statements of the charity for the period ending 31 March 2021. The trustee confirm that the annual report and the financial statements of the charity comply with the current statutory requirements, the requirements of the charity’s governing document and the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” effective from 1 Jan 2015.
CONSTITUTION POLICIES AND OBJECTIVES
Friends of Zichron Dovid is a charity and is constituted as a trust dated 18 Apr 2008
The principal objectives of the charity are:
· The relief of poverty sickness and infirmity amongst members of the Jewish faith
REVIEW OF ACTIVITIES
Staff
The charity is currently staffed by P. Guttman - Chairperson, R. Herman - Secretary. The trustees have served throughout the year and the power to appoint new trustees vest in the current board. All funds are raised by the trustees.
Funding and Activities
Friends of Zichron Dovid is currently financed private donations. During 2021 the Friends of Zichron Dovid provided financial assistance to those in need within the
Future Plans
Friends of Zichron Dovid will be seeking additional funding from private donors
Membership
Friends of Zichron Dovid is currently not a member of any roof body or professional organisation.
The trustees are satisfied with the results and activities of the charity for the year and do no anticipate any significant changes in the forthcoming year.
RESERVE POLICY
It is the policy of the charity to distribute funds as available.
RISK ASSESSMENT
The trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the charity, and are satisfied that systems are in place to mitigate their exposure to major risks.
STATEMENT OF TRUSTEES' RESPONSIBILITIES
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 and of the profit or loss of the charity for that period. In preparing those financial statements, the trustees are required to:
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FRIENDS OF ZICHRON DOVID
REPORT OF THE TRUSTEES
for the Year Ending 31 March 2021
-
Select suitable accounting policies and then apply them consistently;
-
Make judgements and estimates that are reasonable and prudent;
-
Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in its activities
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
INDEPENDENT EXAMINATION
An independent examiner’s report will be prepared by De Claron Ltd.
ON BEHALF OF THE BOARD SIGNED:
- P. Guttman - Trustee
21 April 2021
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INDEPENDENT EXAMINER’S REPORT TO THE MEMBERS OF
FRIENDS OF ZICHRON DOVID
for the Year Ending 31 March 2021
Independent Examiner’s Report to the Trustees of Friends of Zichron Dovid
We report on the accounts of the charity for the year ended 31 March 2021, which are set out on pages 5 to 8.
Respective responsibilities of trustees and examiner Staff
The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under the Charities Act 2011 and that an independent examination is needed.
It is our responsibility to:
-
examine the accounts under the 2011 Act;
-
to follow the procedures laid down in the General Directions given by the Charity Commissioners of the 2011 Act and;
-
to state whether particular matters have come to our attention.
Basis of independent examiner’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 the trustees concerning any such matters. 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.
Independent examiner’s statement
The accounts were constituted from notes, information and explanation of the trustees. We found nothing unusual or suspicious in the records presented to us.
In connection with our examination, no other matter except that referred to above, has come to our attention to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
De Claron Ltd 3a The Vale LONDON NW11 8SB
21 April 2021
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FRIENDS OF ZICHRON DOVID STATEMENT OF FINANCIAL ACTIVITIES for the Year Ending 31 March 2021
| Notes INCOME 1 Donations Interest Received NET INCOME 2 CHARITABLE EXPENDITURE Advancement Of Religious Education Other Donations Relief of Poverty Religious Requisite & Programmes GROSS MOVEMENT IN FUNDS OTHER EXPENDITURE Governance costs Accountancy & Legal Fee Auditor's Remuneration Support costs Management Printing, postage & stationery Fixed Assets Depreciation Finance Bank Charges & Interest TOTAL OTHER EXPENDITURE TOTAL EXPENDITURE NET MOVEMENT IN FUNDS |
31.03.2021 £ 540,436 12 540,448 121,500 321,500 181,765 - 624,765 (84,317) 450 - 450 160 - 160 - 610 625,375 (84,927) |
31.03.2020 |
|---|---|---|
| £ 538,699 - |
||
| 538,699 20,850 451,600 40,000 |
||
| 512,450 26,249 |
||
| 294 - |
||
| 294 3,250 - |
||
| 3,250 - |
||
| 3,544 515,994 22,705 |
The notes form part of these financial statements
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FRIENDS OF ZICHRON DOVID BALANCE SHEET for the Year Ending 31 March 2021
| Notes FIXED ASSETS 3 CURRENT ASSETS Debtors Cash in Hand and in the Bank CURRENT LIABILITIES Creditors: Amount Falling Within Period CURRENT ASSETS LESS CURRENT LIABILITIES: LONG TERM LIABILITIES TOTAL ASSETS LESS CURRENT LIABILITIES: TOTAL ASSETS LESS TOTAL LIABILITIES: Net Movement In Funds Funds B/F TOTAL ASSETS: ON BEHALF OF THE BOARD: P. Guttman - Trustee |
£ £ - - 3 3 - 3 - 3 3 (84,927) 84,930 3 £ 31.03.2021 |
31.03.2020 | 31.03.2020 |
|---|---|---|---|
| £ - 3 |
£ - 84,930 |
£ - 84,930 84,930 |
|
| - - |
- - |
||
| 84,930 | |||
| 84,930 | |||
| 22,705 62,225 |
|||
| 84,930 £ |
|||
21 April 2021
The notes form part of these financial statements
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FRIENDS OF ZICHRON DOVID Notes to the Financial Statements for the Year Ending 31 March 2021
1 ACCOUNTING POLICIES
Basis of preparation of financial statements
These financial statements have been prepared in accordance with the Statement of Recommended Practice (SORP), “Accounting and Reporting by Charities” effective 1 January 2015.
Charity status
The charity is a trust. The member of the charity is the trustees named on page 1
Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
Income
All incoming resources are included in the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
Expenditure
All expenditure is accounted for on a cash basis and has been included under expense categories that aggregate all costs for allocation to activities. Where costs cannot be directly attributed to particular activities they have been allocated on a basis consistent with the use of the resources.
Management and administration costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.
Going Concern
The accounts have been prepared on a going concern basis as the trustees consider the charity will continue to operate for a period of at least twelve months from the date of the approval of these accounts.
Tangible fixed assets
The charity had no fixed assets for the period under review.
2 NET INCOME
During the year the trustees did not receive any remuneration, benefits in kind or reimbursement of expenses.
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