REGISTERED COMPANY NUMBER: 07068337 (England and Wales) REGISTERED CHARITY NUMBER: 1136688
REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2021
FOR
FRIENDS OF GANEI GEULA JERUSALEM LTD
Sugarwhite Meyer HS Ltd First Floor 94 Stamford Hill London N16 6XS
FRIENDS OF GANEI GEULA JERUSALEM LTD
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2021
| Page | ||
|---|---|---|
| Reference and Administrative Details | 1 | |
| Report of the Trustees | 2 | |
| Independent Examiner's Report | 3 | |
| Statement of Financial Activities | 4 | |
| Balance Sheet | 5 | |
| Notes to the Financial Statements | 6 to | 8 |
FRIENDS OF GANEI GEULA JERUSALEM LTD
REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 30 NOVEMBER 2021
TRUSTEES M M Hager A Hager COMPANY SECRETARY REGISTERED OFFICE First Floor 94 Stamford Hill London N16 6XS REGISTERED COMPANY 07068337 (England and Wales) NUMBER REGISTERED CHARITY 1136688 NUMBER INDEPENDENT EXAMINER Sugarwhite Meyer HS Ltd First Floor 94 Stamford Hill London N16 6XS
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FRIENDS OF GANEI GEULA JERUSALEM LTD (REGISTERED NUMBER: 07068337)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 NOVEMBER 2021
REFERENCE AND ADMINISTRATIVE INFORMATION
The information is shown on page 1 of the financial statements and forms part of this report.
OBJECTIVES AND ACTIVITIES
Objectives and aims
The Charity's objects are to further and advance orthodox Jewish religious education and religious activities. The trustees confirm that they have given due regard the Charity Commission's guidance on public benefit.
Achievement and performance
The trustees are pleased to report a substantial rise in income, allowing them to increase grantmaking. There was a small surplus for the year.
FINANCIAL REVIEW
Reserves policy
The trustees do not seek to maintain reserves, other than to ensure that they can continue the activities of the charity. Reserves at the year end were £3,688 ( 2020 - £2,311).
FUTURE PLANS
The charity plans to continue its activities for the foreseeable future subject to satisfactory income.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Charity constitution
The charity is constituted as a company limited by guarantee and is governed by its Memorandum and Articles of Association dated 1 February 2010.
Recruitment and appointment of new trustees
The power to appoint new trustees is vested in the board. It is not the intention of the trustees to appoint any new trustees. Should the situation change in the future, the trustees will apply suitable recruitment induction and training procedures.
Risk management
The trustees have reviewed the major risks to which the charity is exposed and confirm that they have established systems to mitigate them.
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approved by order of the board of trustees on 11 April 2022 and signed on its behalf by:
M M Hager - Trustee
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF FRIENDS OF GANEI GEULA JERUSALEM LTD
Independent examiner's report to the trustees of Friends Of Ganei Geula Jerusalem Ltd ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 November 2021.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
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 FCA Sugarwhite Meyer HS Ltd First Floor 94 Stamford Hill London N16 6XS
11 April 2022
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FRIENDS OF GANEI GEULA JERUSALEM LTD
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 NOVEMBER 2021
| 2021 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 45,598 EXPENDITURE ON Charitable activities 2 Charitable activities 44,221 NET INCOME/(EXPENDITURE) 1,377 RECONCILIATION OF FUNDS Total funds brought forward 2,311 TOTAL FUNDS CARRIED FORWARD 3,688 |
2020 Total funds £ 24,620 24,993 (373) 2,684 2,311 |
|---|---|
The notes form part of these financial statements
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FRIENDS OF GANEI GEULA JERUSALEM LTD (REGISTERED NUMBER: 07068337)
BALANCE SHEET 30 NOVEMBER 2021
| 2021 | 2020 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| CURRENT ASSETS | |||
| Cash at bank | 4,120 | 2,671 | |
| CREDITORS | |||
| Amounts falling due within one year | 7 | (432) | (360) |
| NET CURRENT ASSETS | 3,688 | 2,311 | |
| TOTAL ASSETS LESS CURRENT | |||
| LIABILITIES | 3,688 | 2,311 | |
| NET ASSETS | 3,688 | 2,311 | |
| FUNDS | 8 | ||
| Unrestricted funds | 3,688 | 2,311 | |
| TOTAL FUNDS | 3,688 | 2,311 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2021.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2021 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 11 April 2022 and were signed on its behalf by:
M M Hager - Trustee
The notes form part of these financial statements
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FRIENDS OF GANEI GEULA JERUSALEM LTD
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2021
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, 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 Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
Income received by way of donations is accounted for when received.
Expenditure
Liabilities are recognised in the year in which they are incurred and includes irrecoverable VAT which is reported as part of the expenditure to which it relates.
Grants are only recognised in the accounts when paid.
Support costs are those incurred to assist the work of the charity but are not direct charitable activities.
Governance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.
Taxation
The charity is exempt from corporation tax on its charitable activities.
2. CHARITABLE ACTIVITIES COSTS
| Grant funding of activities Support (see note costs (see 3) note 4) £ £ Charitable activities 43,650 571 3. GRANTS PAYABLE 2021 £ Charitable activities 43,650 Ganei Geula 22,650 Kayama Ltd 21,000 43,650 |
Totals £ 44,221 |
|---|---|
| 2020 £ 24,500 |
|
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FRIENDS OF GANEI GEULA JERUSALEM LTD
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 NOVEMBER 2021
4. SUPPORT COSTS
| SUPPORT COSTS | |
|---|---|
| Governance | |
| costs | |
| £ | |
| Charitable activities | 571 |
| Support costs, included in the above, are as follows: |
Governance costs
| Governance costs | ||
|---|---|---|
| 2021 | 2020 | |
| Charitable | Total | |
| activities | activities | |
| £ | £ | |
| Independent examiner's fee | 216 | - |
| Independent examiner's other fees | 216 | - |
| Accountancy fees | - | 360 |
| Legal and professional fees | 139 | 133 |
| 571 | 493 |
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30 November 2021 nor for the year ended 30 November 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 30 November 2021 nor for the year ended 30 November 2020.
6. AVERAGE NUMBER OF STAFF
The average number of staff in the year was Nil (2020 - Nil)
7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 2021 | 2020 | ||
|---|---|---|---|
| £ | £ | ||
| Accruals and deferred income | 432 | 360 | |
| MOVEMENT IN FUNDS | |||
| Net | |||
| At | movement | At | |
| 1.12.20 | in funds | 30.11.21 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 2,311 | 1,377 | 3,688 |
| TOTAL FUNDS | 2,311 | 1,377 | 3,688 |
8. MOVEMENT IN FUNDS
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FRIENDS OF GANEI GEULA JERUSALEM LTD
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 NOVEMBER 2021
8. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 45,598 | (44,221) | 1,377 |
| TOTAL FUNDS | 45,598 | (44,221) | 1,377 |
| Comparatives for movement in funds | |||
| Net | |||
| At | movement | At | |
| 1.12.19 | in funds | 30.11.20 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 2,684 | (373) | 2,311 |
| TOTAL FUNDS | 2,684 | (373) | 2,311 |
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 24,620 | (24,993) | (373) |
| TOTAL FUNDS | 24,620 | (24,993) | (373) |
9. RELATED PARTY DISCLOSURES
A donation of £21,000 was made to Kayama Ltd a charity with a common director.
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