**REGISTERED CHARITY NUMBER: 1144287**
## **REPORT OF THE TRUSTEES AND**
## **UNAUDITED FINANCIAL STATEMENTS**
## **FOR THE PERIOD 1 DECEMBER 2019 TO 31 DECEMBER 2020**
## **FOR**
## **RISE AND SHINE**
Venitt and Greaves Chartered Accountants 115 Craven Park Road South Tottenham London N15 6BL
**RISE AND SHINE**
## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE PERIOD 1 DECEMBER 2019 TO 31 DECEMBER 2020**
|||**Page**||
|---|---|---|---|
|**Reference and Administrative Details**||1||
|**Report of the Trustees**||2||
|**Independent Examiner's Report**||3||
|**Statement of Financial Activities**||4||
|**Statement of Financial Position**||5||
|**Statement of Cash Flows**||6||
|**Notes to the Statement of Cash Flows**||7||
|**Notes to the Financial Statements**|8|to|12|
**RISE AND SHINE**
## **REFERENCE AND ADMINISTRATIVE DETAILS FOR THE PERIOD 1 DECEMBER 2019 TO 31 DECEMBER 2020**
**TRUSTEES** Rabbi M Stern B Steiner I Zig **PRINCIPAL ADDRESS** 85 Moundfield Road Stamford Hill London N16 6TD **REGISTERED CHARITY** 1144287 **NUMBER INDEPENDENT EXAMINER** Venitt and Greaves Chartered Accountants 115 Craven Park Road South Tottenham London N15 6BL
Page 1
**RISE AND SHINE**
## **REPORT OF THE TRUSTEES FOR THE PERIOD 1 DECEMBER 2019 TO 31 DECEMBER 2020**
The trustees present their report with the financial statements of the charity for the period 1 December 2019 to 31 December 2020. 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 activities of the charity in the year under review were that of the advancement of education and religious practice for children and young people in accordance with the teachings of the Orthodox Jewish faith,and the relief of poverty.
## **Significant activities**
During the period under review the charity has received donations in the sum of £871,349 (2019: £708,836) and given grants in the sum of £1,044,022 (2019: £995,537).
## **Public benefit**
The trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the aim and objectives and in planning the charity's future activities. The aims of the charity for the public benefit are detailed in the Objectives and Activities section of the report.
## **Grantmaking**
Grants are made at the discretion of the trustees and in accordance with the principal objectives of the charity.
## **FINANCIAL REVIEW**
## **Reserves policy**
The reserves policy is to ensure that there is a sufficient stream of income to meet the ongoing calls made on the charity including the possibility of providing capital assets for the needs of charitable institutions.
## **FUTURE PLANS**
The Trustees plan to continue to make distributions in accordance with their grant making policy and to ensure that an appropriate level of reserves is maintained.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
Rise and Shine is constituted by trust deed dated 30th June 2011.
## **Recruitment and appointment of new trustees**
It is not currently the intention of the trustees of the charity to appoint new trustees. Should this situation change in the future, the trustees will apply suitable recruitment and training procedures.
## **Risk management**
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
Approved by order of the board of trustees on 31 October 2021 and signed on its behalf by:
B Steiner - Trustee
Page 2
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF RISE AND SHINE**
## **Independent examiner's report to the trustees of Rise and Shine**
I report to the charity trustees on my examination of the accounts of Rise and Shine (the Trust) for the period 1 December 2019 to 31 December 2020.
## **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**
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of A.C.A 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 Trust as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. 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.
Malcolm Venitt A.C.A Venitt and Greaves Chartered Accountants 115 Craven Park Road South Tottenham London N15 6BL
31 October 2021
Page 3
## **RISE AND SHINE**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD 1 DECEMBER 2019 TO 31 DECEMBER 2020**
|Notes
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
**EXPENDITURE ON**
**Charitable activities**
3
Governing cost
Donations and grants
Other
**Total**
**NET INCOME/(EXPENDITURE)**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
**TOTAL FUNDS CARRIED FORWARD**|Period
1.12.19
to
31.12.20
Unrestricted
fund
£
871,348
997
1,045,462
180
1,046,639
(175,291)
(191,202)
(366,493)|Year ended
30.11.19
Total
funds
£
708,835
2,613
995,537
139
998,289
(289,454)
98,252
(191,202)|
|---|---|---|
The notes form part of these financial statements
Page 4
## **RISE AND SHINE**
## **STATEMENT OF FINANCIAL POSITION 31 DECEMBER 2020**
|31.12.20
Unrestricted
fund
Notes
£
**FIXED ASSETS**
Tangible assets
8
5,652
**CURRENT ASSETS**
Cash at bank
8,260
**CREDITORS**
Amounts falling due within one year
9
(380,405)
**NET CURRENT ASSETS/(LIABILITIES)**
(372,145)
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
(366,493)
**NET ASSETS/(LIABILITIES)**
(366,493)
**FUNDS**
10
Unrestricted funds
(366,493)
**TOTAL FUNDS**
(366,493)|30.11.19
Total
funds
£
6,649
20,383
(218,234)
(197,851)
(191,202)
(191,202)
(191,202)
(191,202)|
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 31 October 2021 and were signed on its behalf by:
M Stern - Trustee
The notes form part of these financial statements
Page 5
## **RISE AND SHINE**
## **STATEMENT OF CASH FLOWS FOR THE PERIOD 1 DECEMBER 2019 TO 31 DECEMBER 2020**
|Notes
**Cash flows from operating activities**
Cash generated from operations
1
Net cash (used in)/provided by operating activities
**Change in cash and cash equivalents in**
**the reporting period**
**Cash and cash equivalents at the**
**beginning of the reporting period**
**Cash and cash equivalents at the end of**
**the reporting period**|Period
1.12.19
to
Year ended
31.12.20
30.11.19
£
£
(12,123)
14,346
(12,123)
14,346
(12,123)
14,346
20,383
6,037
8,260
20,383|Period
1.12.19
to
Year ended
31.12.20
30.11.19
£
£
(12,123)
14,346
(12,123)
14,346
(12,123)
14,346
20,383
6,037
8,260
20,383|
|---|---|---|
|||14,346|
||||
|||14,346
6,037|
|||20,383|
The notes form part of these financial statements
Page 6
**RISE AND SHINE**
## **NOTES TO THE STATEMENT OF CASH FLOWS FOR THE PERIOD 1 DECEMBER 2019 TO 31 DECEMBER 2020**
## **1. RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES**
|**RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM**
**ACTIVITIES**|**OPERATING**|**OPERATING**|
|---|---|---|
|**Net expenditure for the reporting period (as per the Statement of**
**Financial Activities)**
**Adjustments for:**
Depreciation charges
Decrease in debtors
Increase in creditors
**Net cash (used in)/provided by operations**|Period
1.12.19
to
Year ended
31.12.20
30.11.19
£
£
(175,291)
(289,454)
997
1,173
-
85,532
162,171
217,095
(12,123)
14,346||
|||14,346|
## 2. **ANALYSIS OF CHANGES IN NET FUNDS**
|At
**Net cash**
Cash at bank
**Total**|1.12.19
Cash flow
At 31.12.20
£
£
£
20,383
(12,123)
8,260
20,383
(12,123)
8,260
20,383
(12,123)
8,260|1.12.19
Cash flow
At 31.12.20
£
£
£
20,383
(12,123)
8,260
20,383
(12,123)
8,260
20,383
(12,123)
8,260|
|---|---|---|
|||8,260|
|||8,260|
The notes form part of these financial statements
Page 7
**RISE AND SHINE**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD 1 DECEMBER 2019 TO 31 DECEMBER 2020**
## **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.
## **Critical accounting judgements and key sources of estimation uncertainty**
The preparation of financial statement 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.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
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.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
## **Taxation**
The charity is exempt from tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
continued...
Page 8
**RISE AND SHINE**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 1 DECEMBER 2019 TO 31 DECEMBER 2020**
## **2. DONATIONS AND LEGACIES**
|Donations
**3.**
**CHARITABLE ACTIVITIES COSTS**
Governing cost
Donations and grants
**4.**
**GRANTS PAYABLE**
Donations and grants
**5.**
**SUPPORT COSTS**
Other resources expended
Donations and grants|Direct
Costs
£
997
-
997|Grant
funding of
activities
(see note
4)
£
-
1,044,022
1,044,022
Finance
£
180
-
180||
|---|---|---|---|
|||||
continued...
Page 9
**RISE AND SHINE**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 1 DECEMBER 2019 TO 31 DECEMBER 2020**
## **6. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the period ended 31 December 2020 nor for the year ended 30 November 2019.
## **Trustees' expenses**
There were no trustees' expenses paid for the period ended 31 December 2020 nor for the year ended 30 November 2019.
## **7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
||Unrestricted|
|---|---|
||fund|
||£|
|**INCOME AND ENDOWMENTS FROM**||
|Donations and legacies|708,835|
|**EXPENDITURE ON**||
|**Charitable activities**||
|Governing cost||
||2,613|
|Donations and grants||
||995,537|
|Other|139|
|**Total**|998,289|
|**NET INCOME/(EXPENDITURE)**|(289,454)|
|**RECONCILIATION OF FUNDS**||
|**Total funds brought forward**|98,252|
|**TOTAL FUNDS CARRIED FORWARD**|(191,202)|
continued...
Page 10
**RISE AND SHINE**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 1 DECEMBER 2019 TO 31 DECEMBER 2020**
## **8. TANGIBLE FIXED ASSETS**
|**COST**
At 1 December 2019 and 31 December 2020
**DEPRECIATION**
At 1 December 2019
Charge for year
At 31 December 2020
**NET BOOK VALUE**
At 31 December 2020
At 30 November 2019
**9.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Other creditors
**10.**
**MOVEMENT IN FUNDS**
At
1.12.19
£
**Unrestricted funds**
General fund
(191,202)
**TOTAL FUNDS**
(191,202)
Net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
871,348
**TOTAL FUNDS**
871,348|31.12.20
£
380,405
Net
movement
in funds
£
(175,291)
(175,291)
Resources
expended
£
(1,046,639)
(1,046,639)|Fixtures
and
fittings
£
10,827
4,178
997
5,175
5,652
6,649
30.11.19
£
218,234
At
31.12.20
£
(366,493)
(366,493)
Movement
in funds
£
(175,291)
(175,291)|
|---|---|---|
continued...
Page 11
**RISE AND SHINE**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 1 DECEMBER 2019 TO 31 DECEMBER 2020**
## **10. MOVEMENT IN FUNDS - continued**
## **Comparatives for movement in funds**
|At
1.12.18
£
**Unrestricted funds**
General fund
98,252
**TOTAL FUNDS**
98,252
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
708,835
**TOTAL FUNDS**
708,835|Net
movement
At
in funds
30.11.19
£
£
(289,454)
(191,202)
(289,454)
(191,202)
Resources
Movement
expended
in funds
£
£
(998,289)
(289,454)
(998,289)
(289,454)|
|---|---|
## **11. RELATED PARTY DISCLOSURES**
There were no related party transactions for the period ended 31 December 2020.
Page 12