Toiv Umeitiv
Report
and
Financial
Statements
For The Year Ended
30 November 2020
Charity Number
1124879
Toiv Umeitiv
| Contents | |
|---|---|
| Page | |
| Legal and Administrative Information | 1 |
| Report of The Trustees | 2 and 3 |
| Statement Of Financial Activities | 4 |
| Balance Sheet | 5 |
| Notes forming part of the financial statements | 6 to 8 |
Toiv Umeitiv
Trustees
Mr. Joel Sofer Mr. Joel Teller Mr. Mattes Katz (Chairman)
Administration Address
Mr. Mattes Katz Flat 9 , Island House 47-51 Portland Avenue London N16 6HD
Charity Number
1124879
Bankers
HSBC Stamford Hill Branch 160 Clapton Common London E5 9AH Date of Registration 7 July 2008
Page 1
Toiv Umeitiv Report of the Trustees
The Trustees present their annual report with accounts of the Charity for the Year Ended 30 November 2020.
Status and Administration
The Charity, constituted by trust deed, dated 13th June 2008, is a Registered Charity.
Charitable Objects
The Objects of the Charity are
a) The advancement of the Orthodox Jewish Faith.
b) The advancement of Orthodox Jewish Religious Education.
c) the relief of poverty, sickness and infirmity amongst members of the Jewish faith and
d) such other purposes as are charitable according to English law..
The Charity has continued to provide these facilities during the year.
Directors / Trustees
The Trustees in office throughout the year were
-
Mr. Joel Sofer
-
Mr. Joel Teller
-
Mr. Mattes Katz (Chairman)
Reserves Policy
The Trustees shall hold the capital and income of the trust fund upon trust to apply the income and all or such part or parts of the capital at such time or times and in such manner as the trustees may in their absolute discretion think fit for or towards such of the objects of the charity as the trustees may from time to time at their
absolute discretion determine including payments by way of gift or loan (with or without interest) to individuals provided such individuals are within the objects of the Charity.
The trustees retain reserves as necessary and where appropriate, consolidate funds in order to finance the operation of the Charity, and to make payments as appropriate.
Page 2
Toiv Umeitiv Report of the Trustees
(Continued)
Responsibilities of the Trustees
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 as at the Balance Sheet Date, and of its incoming resources, including income and expenditure for the financial year.
In preparing those financial statements, the Trustees should follow best practice and
a. Select suitable accounting policies and the apply them consistently.
b. Make judgements and estimates that are reasonable and prudent.
c. Follow applicable accounting standards and the Charities SORP 2008, disclosing and explaining any departures in the financial statements.
d. Prepare the financial statements on the going concern basis unless it is inappropriate to assume that the charity will continue in operation.
The Trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them as Trustees to ensure that the financial statements comply with the Charity Law.
The Trustees are also responsible for safeguarding the charity's assets, and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Board Of Trustees
The members of the Board Of Trustees are set out on Page 1.
Approved by The Trustees of Toiv Umeitiv on 2 November 2021, and signed on behalf of them all.
Mr. Mattes Katz (Chairman)
Trustee
Page 3
Toiv Umeitiv
Statement Of Financial Activities
For The Year Ended 30 November 2020
| Notes | Unrestricted | Restricted | Restricted | 2020 | 2019 | |
|---|---|---|---|---|---|---|
| Funds | Funds | Total Funds | Total Funds | |||
| £ | £ | £ | £ | |||
| INCOMING RESOURCES | ||||||
| Incoming Resources to further the | Charity's Objects | |||||
| Total | 2 | 194,759 | 0 | 194,759 | 398,819 | |
| Investment Income and Interest | 3 | 0 | 0 | 0 | 0 | |
| 194,759 | 0 | 194,759 | 398,819 | |||
| Total Incoming Resources | 194,759 | 0 | 194,759 | 398,819 | ||
| RESOURCES EXPENDED | ||||||
| Costs of Generating Funds | ||||||
| Fund Raising Costs | 0 | 0 | 0 | 0 | ||
| Net Incoming Resources Available | ||||||
| For Charitable Activities | 194,759 | 0 | 194,759 | 398,819 | ||
| Charitable Expenditure | ||||||
| Cost of Activities In Furtherance | ||||||
| of the Charity's Objects | 4 | 170,082 | 0 | 170,082 | 392,899 | |
| Governance Costs | 5 | 0 | 0 | 0 | 400 | |
| Total Charitable Expenditure | 170,082 | 0 | 170,082 | 393,299 | ||
| Total Resources Expended | 4 | 170,082 | 0 | 170,082 | 393,299 | |
| Net Movement In Funds | 24,677 | 0 | 24,677 | 5,520 | ||
| Total Funds Brought Forward |
35,755 | 0 | 35,755 | 30,235 | ||
| Total Funds Carried Forward |
9 | £ 60,432 | £ | 0 | £ 60,432 | £ 35,755 |
Page 4
Toiv Umeitiv
Balance Sheet at 30 November 2020
| Notes | 2020 | 2019 | |
|---|---|---|---|
| £ | £ | ||
| Current Assets | |||
| Debtors | 6 | 62,147 | 32,147 |
| Cash at Bank and in Hand | 1,285 | 6,608 | |
| 63,432 | 38,755 | ||
| Creditors :Amounts falling due |
|||
| within one year | 7 | (3,000) | (3,000) |
| Net Current Assets /(Liabilties) | 60,432 | 35,755 | |
| Total Assets less Current Liabilities | 60,432 | 35,755 | |
| Net Assets /(Liabilties) | 8 | 60,432 | 35,755 |
| Restricted Funds | 10 | 0 | 0 |
| Unrestricted Funds | 9 | 60,432 | 35,755 |
| Total Funds | 8 | £ 60,432 | £ 35,755 |
Approved by the Trustees on 2 November 2021, and signed on behalf of them all.
Mr. Mattes Katz (Chairman) Trustee
The notes on pages 6 and 7 form part of these accounts.
Page 5
Toiv Umeitiv Notes To The Accounts - 30 November 2020
1) Principal Accounting Policies Basis of Accounting
The Accounts have been prepared under the historical cost convention in accordance with the Charities Act (Accounts and Reports) 2011, and the Financial Reporting Standard for Smaller Entities 102, and follow the recommendations in Accounting and Reporting By Charities: Statement of Recommended Practice (effective from April 2015).
Cash Flow
The accounts do not include a cash flow statement because the charity as a small reporting entity is exempt from the requirement to prepare such a statement.
Donations and Fund Accounting
Donations and Grants for activities restricted by the donors are taken to restricted funds if the wishes and conditions of the donor are legally binding on the Trustees.
Resources Expended
Resources expended are accounted for on an accruals basis. Certain expenditure is apportioned to cost categories based on estimated amount attributable to that activity in the year. These estimates are based on the time and level of activity as appropriate.
2020 2019 2) Incoming Resources £ £ Unrestricted Incoming Resources Gifts and Donations Received 194,759 398,819 Total Unrestricted Incoming Resources £ 194,759 £ 398,819
Page 6
Page 6
Toiv Umeitiv
| Notes To The Accounts - 2020 3) Investment Income Interest Received £ 0 4) Analysis of Total Resources Expended 2020 Cost of Activities In Furtherance of the Charity's Objects Restricted Unrestricted Total £ Unrestricted General Expenditure Gifts and Donations Made 0 170,082 170,082 391,144 Books and Publications 0 0 0 660 Refreshments 0 420 Medical Expenses 0 0 0 520 Repairs 0 0 0 155 Total General Cost of Furthering Objects 0 170,082 170,082 170,082 0 Summer Holiday Costs Restricted Unrestricted Total Total Cost of Furthering Objects 0 170,082 £ 170,082 5) The average number of Employees during the year, on a full time equivalent basis was 2020 1 No Employee was paid above £60,000 per year. 30 November 2020 |
2019 £ 0 2019 £ 392,899 £ 392,899 2019 1 |
|---|---|
Page 7
Toiv Umeitiv
Notes To The Accounts - 30 November 2020
| 2020 | 2019 | 2019 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| **5) ** | Governance Costs | £ | £ | ||||||||
| Accountancy | 0 | 400 | |||||||||
| Bank Charges | and Interest | 0 | 0 | ||||||||
| £ | 0 | £ | 400 | ||||||||
| **6) ** | Debtors | 2020 | 2019 | ||||||||
| £ | £ | ||||||||||
| Other Debtors | £62,147 | £32,147 | |||||||||
| **7) ** | Creditors: | Amounts falling due within one | year | ||||||||
| 2020 | 2019 | ||||||||||
| £ | £ | ||||||||||
| Loans | 2,500 | 2,500 | |||||||||
| Accruals | 500 | 500 | |||||||||
| £ 3,000 | £ | 3,000 | |||||||||
| **8) ** | Net Assets of | The Charity's Funds | |||||||||
| Net Current | |||||||||||
| Fixed | Assets | Fund | |||||||||
| Assets | /(Liabilties) | Balances | |||||||||
| £ | £ | ||||||||||
| Restricted Funds | 0 | 0 | 0 | ||||||||
| Unrestricted Funds | 0 | 60,432 | 60,432 | ||||||||
| Total Funds | £ | 0 | £ 60,432 | £ 60,432 |
9) Unrestricted Funds : Movements In The Year
| Balance at | Balance | at | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 30 November 2019 | Income | Expended | 30 November 2020 | |||||||
| £ | £ | £ | £ | |||||||
| General Reserve | 35,755 | 194,759 | 170,082 | 60,432 | ||||||
| Total Funds | £ 35,755 | £ 194,759 | £ 170,082 | £ 60,432 | ||||||
| **10) ** | Restricted Funds | : Movements | In | The Year | ||||||
| Balance at | Balance | at | ||||||||
| 30 November 2019 | Income | Expended | 30 November 2020 | |||||||
| £ | £ | £ | £ | |||||||
| 0 | 0 | 0 | 0 | |||||||
| Total Funds | £ | 0 | £ | 0 | £ 0 | £ | 0 |
11) Related Party Transactions
No trustee nor any person connected with them received any remuneration, or claimed any expense, during the year, from this or any related Charity.
There were no Related Party Transactions in the Year.
Page 8
Accountants Report to the Trustees on the Unaudited Accounts of the Charity Toiv Umeitiv
We report on the financial statements of Toiv Umeitiv , for the year ended 30 November 2020 which comprise the Statement of Financial Activities, the Balance Sheet and the related notes. These financial statements have been prepared, under the historical cost convention, and in accordance with the recommendations in Accounting and Reporting By Charities: Statement of Recommended Practice (Issued 2015), and the Financial Reporting Standard for Smaller Entities 102 (effective 2016), and the accounting policies set out therein.
Respective Responsibilities Of Trustees and Reporting Accountants
As described on page 3, the trustees of the charity are responsible for the preparation of the accounts, and they consider that the audit requirement of section 144 of the Charities Act 2011 (the Act) does not apply. It is our responsibility to state, on the basis of procedures specified in the General Directions given by the Charity Commissioners under section 249 of the Act, whether particular matters have come to our attention.
Basis of Accountant'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 as trustees concerning any such matters. These procedures provide only the assurance expressed in our opinion.
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.
Opinion
In our opinion, no matter has come to our attention,
-
1) which gives us reasonable cause to believe that, in any material respect, the requirements
-
a) to keep accounting records in accordance with section 130 of the Act; and
-
b) to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act have not been met; or
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2) to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Date 2 November 2021
Reporting Accountant
- C. Rosen & Co
Page 9