**CHARITY REGISTRATION NUMBER: 1126587** ## **Alte Feiga Trust Unaudited Financial Statements** **31 December 2020** ## **Alte Feiga Trust** ## **Financial Statements** ## **Year ended 31 December 2020** ||**Page**| |---|---| |Trustees' annual report|**1**| |Independent examiner's report to the trustees|**3**| |Statement of financial activities|**4**| |Statement of financial position|**5**| |Statement of cash flows|**6**| |Notes to the financial statements|**7**| ## **Alte Feiga Trust** ## **Trustees' Annual Report** ## **Year ended 31 December 2020** The trustees present their report and the unaudited financial statements of the charity for the year ended 31 December 2020. ## **Reference and administrative details** **Registered charity name** Alte Feiga Trust **Charity registration number** 1126587 **Principal office** 56 Chardmore Road London N16 6JH ## **The trustees** Mr J Kernkraut Mr B Gross Mr J Kornbluh **Company secretary** Mr J Kernkraut **Independent examiner** S.Y.Steinhaus, F.C.A. Sugarwhite Meyer HS Ltd First Floor 94 Stamford Hill London N16 6XS ## **Structure, governance and management** ## **Governing document** The charity is governed by its Deed of Trust dated 29th September 2008. ## **Reserves** The trustees ensure that the charity has sufficient reserves to cover foreseeable eventualities. No distributions are made before sufficient funds are made available. ## **Risk management** The trustees confirm that there are no major risks to which the charity is exposed. ## **Governance and internal control** The trustees regularly examine any requests and ensure any risks are identified and systems are in place to protect the charity. **- 1 -** ## **Alte Feiga Trust** **Trustees' Annual Report** _**(continued)**_ ## **Year ended 31 December 2020** ## **Objectives and activities** ## **Public Benefit** We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities. ## **Objectives and activities** The objects of the charity are to collect funds to be distributed and used for charitable causes both in the UK and abroad. ## **Achievements and performance** The charity collected funds and distributed them to educational institutions and other charitable causes both in the UK and overseas. ## **Financial review** The charity continued to receive donations for distribution to educational institutions and other charitable causes to the satisfaction of the trustees. ## **Plans for future periods** The trustees plan to continue the charities activities for the foreseeable future. The trustees' annual report was approved on 26 October 2021 and signed on behalf of the board of trustees by: Mr J Kernkraut Trustee **- 2 -** ## **Alte Feiga Trust** ## **Independent Examiner's Report to the Trustees of Alte Feiga Trust** ## **Year ended 31 December 2020** I report to the trustees on my examination of the financial statements of Alte Feiga Trust ('the charity') for the year ended 31 December 2020. ## **Responsibilities and basis of report** As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’). I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. ## **Independent examiner's statement** Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales (ICAEW), which is one of the listed bodies. 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 charity as required by section 130 of the Act; or 2. the financial statements do not accord with those records; or 3. the financial statements 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. S.Y.Steinhaus, F.C.A. Independent Examiner Sugarwhite Meyer HS Ltd First Floor 94 Stamford Hill London N16 6XS 26 October 2021 **- 3 -** ## **Alte Feiga Trust** ## **Statement of Financial Activities** ## **Year ended 31 December 2020** |||**2020**|**2020**|2019| |---|---|---|---|---| |||Unrestricted||| |||funds|**Total funds**|Total funds| ||**Note**|**£**|**£**|£| |**Income and endowments**||||| |Donations and legacies|**4**|520,923|**520,923**|536,641| |||ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ| |**Total income**||520,923|**520,923**|536,641| |||৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶| |**Expenditure**||||| |Expenditure on raising funds:||||| |Costs of raising donations and legacies|**5**|–|**–**|5,835| |Expenditure on charitable activities|**6,7**|501,478|**501,478**|519,757| |||ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ| |**Total expenditure**||501,478|**501,478**|525,592| |||৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶| |||ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ| |**Net income and net movement in funds**||19,445|**19,445**|11,049| |||৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶| |**Reconciliation of funds**||||| |Total funds brought forward||58,427|**58,427**|47,378| |||ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ| |**Total funds carried forward**||77,872|**77,872**|58,427| |||৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶| The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. **The notes on pages 7 to 11 form part of these financial statements.** **- 4 -** ## **Alte Feiga Trust** ## **Statement of Financial Position** ## **31 December 2020** |||**2020**||2019| |---|---|---|---|---| ||**Note**|**£**|**£**|£| |**Current assets**||||| |Debtors|**10**|**–**||65,600| |Cash at bank and in hand||**79,192**||–| |||ৄৄৄৄৄৄৄৄ||ৄৄৄৄৄৄৄৄ| |||**79,192**||65,600| |**Creditors: amounts falling due within one year**|**12**|**1,320**||7,173| |||ৄৄৄৄৄৄৄৄ||ৄৄৄৄৄৄৄৄ| |**Net current assets**|||**77,872**|58,427| ||||ৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄ| |**Total assets less current liabilities**|||**77,872**|58,427| ||||ৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄ| |**Net assets**|||**77,872**|58,427| ||||৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶| |**Funds of the charity**||||| |Unrestricted funds|||**77,872**|58,427| ||||ৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄ| |**Total charity funds**|**13**||**77,872**|58,427| ||||৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶| These financial statements were approved by the board of trustees and authorised for issue on 26 October 2021, and are signed on behalf of the board by: Mr J Kernkraut Trustee **The notes on pages 7 to 11 form part of these financial statements.** **- 5 -** ## **Alte Feiga Trust** ## **Statement of Cash Flows** ## **Year ended 31 December 2020** |||**2020**|2019| |---|---|---|---| ||**Note**|**£**|£| |**Cash flows from operating activities**|||| |Net income||**19,445**|11,049| |_Adjustments for:_|||| |Accrued expenses||**156**|144| |_Changes in:_|||| |Trade and other debtors||**65,600**|(65,600)| |||ৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄ| |Cash generated from operations||**85,201**|(54,407)| |||ৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄ| |Net cash from/(used in) operating activities||**85,201**|(54,407)| |||৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶| |**Net increase/(decrease) in cash and cash equivalents**||**85,201**|(54,407)| |**Cash and cash equivalents at beginning of year**||**(6,009)**|48,398| |||ৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄ| |**Cash and cash equivalents at end of year**|**11**|**79,192**
৶৶৶৶৶৶৶৶|(6,009)
৶৶৶৶৶৶৶৶| **The notes on pages 7 to 11 form part of these financial statements.** **- 6 -** **Alte Feiga Trust** ## **Notes to the Financial Statements** ## **Year ended 31 December 2020** ## **1. General information** The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is 56 Chardmore Road, London, N16 6JH. ## **2. Statement of compliance** These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Charities Act 2011. ## **3. Accounting policies** ## **Basis of preparation** The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. The financial statements are prepared in sterling, which is the functional currency of the entity. ## **Going concern** There are no material uncertainties about the charity's ability to continue. ## **Judgements and key sources of estimation uncertainty** The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. ## **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. **- 7 -** **Alte Feiga Trust** ## **Notes to the Financial Statements** _**(continued)**_ ## **Year ended 31 December 2020** ## **3. Accounting policies** _**(continued)**_ ## **Incoming resources** 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. The following specific policies are applied to particular categories of income: - 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 reliably. - legacy income is recognised when receipt is probable and entitlement is established. - income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. - income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted. ## **Resources expended** 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: - expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, and the sale of donated goods. - 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. - other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis. ## **4. Donations and legacies** ||Unrestricted|**Total Funds**|Unrestricted|Total Funds| |---|---|---|---|---| ||Funds|**2020**|Funds|2019| ||£|**£**|£|£| |**Donations**||||| |Donations|520,923
৶৶৶৶৶৶৶৶৶|**520,923**
৶৶৶৶৶৶৶৶৶|536,641
৶৶৶৶৶৶৶৶৶|536,641
৶৶৶৶৶৶৶৶৶| **- 8 -** ## **Alte Feiga Trust** ## **Notes to the Financial Statements** _**(continued)**_ ## **Year ended 31 December 2020** |**5.**|**Costs of raising donations and legacies**|**Costs of raising donations and legacies**|||| |---|---|---|---|---|---| |||Unrestricted|**Total Funds**|Unrestricted|Total Funds| |||Funds|**2020**|Funds|2019| |||£|**£**|£|£| ||Costs of raising donations and legacies||||| ||- Other type 1|–|**–**|5,835|5,835| |||৶৶৶৶|৶৶৶৶|৶৶৶৶৶৶৶|৶৶৶৶৶৶৶| |**6.**|**Expenditure on charitable activities by fund type**||||| |||Unrestricted|**Total Funds**|Unrestricted|Total Funds| |||Funds|**2020**|Funds|2019| |||£|**£**|£|£| ||Grants made UK|488,500|**488,500**|494,943|494,943| ||Medical grants|11,658|**11,658**|23,650|23,650| ||Support costs|1,320|**1,320**|1,164|1,164| |||ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ| |||501,478|**501,478**|519,757|519,757| |||৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶| |**7.**|**Expenditure on charitable activities by activity type**||||| |||Grant funding||**Total funds**|Total fund| |||of activities Support costs||**2020**|2019| |||£|£|**£**|£| ||Grants made UK|488,500|–|**488,500**|494,943| ||Medical grants|11,658|–|**11,658**|23,650| ||Governance costs|–|1,320|**1,320**|1,164| |||ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ| |||500,158|1,320|**501,478**|519,757| |||৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶| |**8.**|**Analysis of grants**||||| |||||**2020**|2019| |||||**£**|£| ||**Grants to institutions**||||| ||Grants - UK|||**250,400**|36,000| ||Medical grants|||**11,658**|23,650| |||||ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄ| |||||**262,058**|59,650| ||**Grants to individuals**||||| ||Weddings - Needy couples|||**238,100**|458,943| |||||ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ| ||Total grants|||**500,158**|518,593| |||||৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶| |**9.**|**Independent examination fees**||||| |||||**2020**|2019| |||||**£**|£| ||Fees payable to the independent examiner for:||||| ||Independent examination of the financial statements|||**1,320**
৶৶৶৶৶৶৶|1,164
৶৶৶৶৶৶৶| **- 9 -** ## **Alte Feiga Trust** ## **Notes to the Financial Statements** _**(continued)**_ ## **Year ended 31 December 2020** ## **10. Debtors** |||**2020**|2019| |---|---|---|---| |||**£**|£| ||Other debtors|**–**|65,600| |||৶৶৶৶|৶৶৶৶৶৶৶৶| |**11.**|**Cash and cash equivalents**||| ||Cash and cash equivalents comprise the following:||| |||**2020**|2019| |||**£**|£| ||Cash at bank and in hand|**79,192**|–| ||Bank overdrafts|**–**|(6,009)| |||ৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄ| |||**79,192**|(6,009)| |||৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶| |**12.**|**Creditors:** **amounts falling due within one year**||| |||**2020**|2019| |||**£**|£| ||Bank loans and overdrafts|**–**|6,009| ||Accruals and deferred income|**1,320**|1,164| |||ৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄ| |||**1,320**
৶৶৶৶৶৶৶|7,173
৶৶৶৶৶৶৶| ## **13. Analysis of charitable funds Unrestricted funds** |**Unrestricted funds**|||||| |---|---|---|---|---|---| |||At|||**At**| ||1|January 202||**31**|**December**| |||0|Income|Expenditure|**2020**| |||£|£|£|**£**| |General funds||58,427|520,923|(501,478)|**77,872**| |||৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶| |||At|||At| ||1|January 201||31|December| |||9|Income|Expenditure|2019| |||£|£|£|£| |General funds||47,378
৶৶৶৶৶৶৶৶|536,641
৶৶৶৶৶৶৶৶৶|(525,592)
৶৶৶৶৶৶৶৶৶|58,427
৶৶৶৶৶৶৶৶| **- 10 -** ## **Alte Feiga Trust** ## **Notes to the Financial Statements** _**(continued)**_ ## **Year ended 31 December 2020** ## **14. Analysis of net assets between funds** ||||Unrestricted|**Total Funds**| |---|---|---|---|---| ||||Funds|**2020**| ||||£|**£**| ||Current assets||79,192|**79,192**| ||Creditors less than 1 year||(1,320)|**(1,320)**| ||||ৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄ| ||**Net assets**||77,872|**77,872**| ||||৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶| ||||Unrestricted|Total Funds| ||||Funds|2019| ||||£|£| ||Current assets||65,600|65,600| ||Creditors less than 1 year||(7,173)|(7,173)| ||||ৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄ| ||**Net assets**||58,427|58,427| ||||৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶| |**15.**|**Financial instruments**|||| ||The carrying amount for each category of financial|instrument is as follows:||| ||||**2020**|2019| ||||**£**|£| ||**Financial assets that are debt instruments measured at amortised cost**|||| ||Other Debtors||**65,600**|65,600| ||||৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶| ||**Financial liabilities measured at amortised cost**|||| ||Accruals||**1,164**|1,164| ||Bank overdraft||**6,009**|6,009| ||||ৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄ| ||||**7,173**|7,173| ||||৶৶৶৶৶৶৶|৶৶৶৶৶৶৶| |**16.**|**Analysis of changes in net debt**|||| |||||**At**| |||At 1 Jan 2020|Cash flows|**31 Dec 2020**| |||£|£|**£**| ||Cash at bank and in hand|–|79,192|**79,192**| ||Bank overdrafts|(6,009)|6,009|**–**| |||ৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄ| |||(6,009)|85,201|**79,192**| |||৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶| **- 11 -**