REGISTERED CHARITY NUMBER: 1147263
KUPAT EZER LENISUIN BETH YISROEL
REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2022
Sugarwhite Meyer Accountants Ltd First Floor 94 Stamford Hill London N16 6XS
KUPAT EZER LENISUIN BETH YISROEL
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2022
| Page | ||
|---|---|---|
| Reference and Administrative Details | 1 | |
| Report of the Trustees | 2 to | 3 |
| Independent Examiner's Report | 4 | |
| Statement of Financial Activities | 5 | |
| Balance Sheet | 6 | |
| Notes to the Financial Statements | 7 to | 9 |
KUPAT EZER LENISUIN BETH YISROEL
REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 30 APRIL 2022
| TRUSTEES | Mr I Traube |
|---|---|
| Mr J Goldman | |
| Mr S Morgenstern | |
| PRINCIPAL ADDRESS | 30 Moresby Road |
| London E5 9LF | |
| REGISTERED CHARITY | 1147263 |
| NUMBER | |
| INDEPENDENT EXAMINER | Sugarwhite Meyer Accountants Ltd |
| First Floor | |
| 94 Stamford Hill | |
| London | |
| N16 6XS | |
| BANKERS | HSBC Bank plc |
| 312 Seven Sisters Road | |
| Finsbury Park | |
| London | |
| N4 2AW |
Page 1
KUPAT EZER LENISUIN BETH YISROEL
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2022
The trustees present their report with the financial statements of the charity for the year ended 30 April 2022. 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).
Reference and administrative information is shown on page 1 of the financial statements and forms part of this report.
OBJECTIVES AND ACTIVITIES
Objectives and aims
The object of the charity is the advancement of the Orthodox Jewish Faith.
The trustees confirm that they have given due regard to the Charity Commission's guidance on public benefit
FINANCIAL REVIEW
Review of activities and achievements
The trustees are pleased with results for the year. Due to the Covid restrictions being lifted a function was held during the year which lead to a substantial increase in donations and the trustees were able to increase grantmaking. There was a surplus for the year.
Reserves policy
The trustees do not seek to maintain reserves, other than to ensure that they can continue the activities of the charity. Free reserves at the year end were £49,224 (20209 - £17,480).
FUTURE PLANS
The charity plans to continue its activities subject to satisfactory income.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity was established by Deed of Trust dated 11 December 2011.
Organisational structure
The power to appoint new trustees in vested in the continuing 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 confirmed that there are no major risks to which the charity is exposed.
TRUSTEES' RESPONSIBILITY STATEMENT
The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed 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 incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the Charity SORP;
-
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 business.
Page 2
KUPAT EZER LENISUIN BETH YISROEL
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2022
TRUSTEES' RESPONSIBILITY STATEMENT - continued
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, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the board of trustees on 18 January 2023 and signed on its behalf by:
Mr I Traube - Trustee
Page 3
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF KUPAT EZER LENISUIN BETH YISROEL
Independent examiner's report to the trustees of Kupat Ezer Lenisuin Beth Yisroel
I report to the charity trustees on my examination of the accounts of Kupat Ezer Lenisuin Beth Yisroel (the Trust) for the year ended 30 April 2022.
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 Institute of Chartered Accountants in England and Wales 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:
-
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
-
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.
E Meyer FCA BSc Institute of Chartered Accountants in England and Wales Sugarwhite Meyer Accountants Ltd First Floor 94 Stamford Hill London N16 6XS
18 January 2023
Page 4
KUPAT EZER LENISUIN BETH YISROEL
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 APRIL 2022
| 2022 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 402,730 EXPENDITURE ON Raising funds 10,202 Charitable activities 2 Grant making 359,644 Support costs 1,140 Total 370,986 NET INCOME/(EXPENDITURE) 31,744 RECONCILIATION OF FUNDS Total funds brought forward 17,480 TOTAL FUNDS CARRIED FORWARD 49,224 |
2021 Total funds £ 147,454 - 198,948 1,020 199,968 (52,514) 69,994 17,480 |
|---|---|
The notes form part of these financial statements
Page 5
KUPAT EZER LENISUIN BETH YISROEL
BALANCE SHEET 30 APRIL 2022
| Notes CURRENT ASSETS Cash at bank CREDITORS Amounts falling due within one year 6 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS Unrestricted funds TOTAL FUNDS |
2022 Total funds £ 50,364 (1,140) 49,224 49,224 49,224 49,224 49,224 |
2021 Total funds £ 18,500 (1,020) 17,480 17,480 17,480 17,480 17,480 |
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 18 January 2023 and were signed on its behalf by:
Mr I Traube - Trustee
The notes form part of these financial statements
Page 6
KUPAT EZER LENISUIN BETH YISROEL
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2022
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.
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.
Donations are included in full when received.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure.
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 tax on its charitable activities.
Going concern
There are no material uncertainties about the charity's ability to continue.
2. CHARITABLE ACTIVITIES COSTS
| Grant making Support costs |
Grant funding of activities (see note 3) £ 358,042 - 358,042 |
Support costs (see note 4) £ 1,602 1,140 2,742 |
Totals £ 359,644 1,140 |
|---|---|---|---|
| 360,784 |
Page 7
KUPAT EZER LENISUIN BETH YISROEL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2022
| 3. GRANTS PAYABLE Grant making The total grants paid to institutions during the year was as follows: Advancement of religion Relief of poverty Keren Ezer Lenisuin - Israel Hamerkaz Lepituach Other under £6,000 |
2022 £ 358,042 2022 £ 358,042 - 358,042 321,712 31,330 5,000 358,042 |
2021 £ 196,285 |
|
|---|---|---|---|
| 2021 £ 195,485 800 |
|||
| 196,285 | |||
4. SUPPORT COSTS
| Governance | |||
|---|---|---|---|
| Finance | costs | Totals | |
| £ | £ | £ | |
| Grant making | 1,602 | - | 1,602 |
| Support costs | - | 1,140 | 1,140 |
| 1,602 | 1,140 | 2,742 | |
| Support costs, included in the above, are as follows: | |||
| Finance | |||
| 2022 | 2021 | ||
| Grant | Total | ||
| making | activities | ||
| £ | £ | ||
| Bank charges | 1,602 | 1,409 | |
| Other | |||
| 2022 | 2021 | ||
| Total | Total | ||
| activities | activities | ||
| £ | £ | ||
| Sundries | - | 1,254 |
Page 8
KUPAT EZER LENISUIN BETH YISROEL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2022
4. SUPPORT COSTS - continued Governance costs
| SUPPORT COSTS - continued Governance costs |
||
|---|---|---|
| 2022 | 2021 | |
| Support | Total | |
| costs | activities | |
| £ | £ | |
| Independent examiner's fee | 420 | 510 |
| Independent examiner's other fees | 720 | 510 |
| 1,140 | 1,020 |
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30 April 2022 nor for the year ended 30 April 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 30 April 2022 nor for the year ended 30 April 2021.
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Other creditors | 1,140 | 1,020 |
7. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 30 April 2022.
Page 9