## **BRITISH FRIENDS OF SEEACH SOD**
REGISTERED CHARITY NUMBER 1149062
TRUSTEES’ REPORT
- and -
ACCOUNTS
FROM 1 FEBRUARY 2022
TO
31 JANUARY 2023
## **BRITISH FRIENDS OF SEEACH SOD**
|Contents|Page|
|---|---|
|Reference and Administrative Details|1|
|Trustees’ Annual Report|2 - 3|
|Independent Examiner’s Report|4|
|Statement of Financial Activities|5|
|Balance Sheet|6|
|Notes to the Accounts|7 - 10|
Page 1
## **BRITISH FRIENDS OF SEEACH SOD**
REFERENCE AND ADMINISTRATIVE DETAILS
## _**TRUSTEES**_
Mrs Toby Kahan Mrs Simi Bard Mrs Libby Winegarten Mr Moshe Winegarten
## _**CHARITY’S CONTACT AND PRINCIPAL ADDRESS**_
Mrs Toby Kahan 69 St Andrews Mews London N16 5HR
## _**DETAILS OF FORMATION**_
The Charity is constituted by a Constitution dated 1 February 2012 and registered with the Charity Commission on 24 September 2012 under Charity Number 1149062
## _**BANKERS**_
Barclays Bank plc
## _**INDEPENDENT EXAMINER**_
Frank.S. Lachman Chartered Accountants
Page 2
## **BRITISH FRIENDS OF SEEACH SOD**
## TRUSTEES’ ANNUAL REPORT
## FOR THE YEAR ENDED 31 JANUARY 2023
The Trustees of British Friends of Seeach Sod (“the Charity”) present their Annual Report along with the Accounts of the Charity for the year from 1 February 2022 to 31 January 2023. The Accounts have been prepared in accordance with the Accounting Policies set out on Pages 7 & 8 and comply with the Charity’s Declaration of Trust and applicable law.
## � _**OBJECTIVES AND ACTIVITIES**_
## _**Charities and Public Benefit**_
The Trustees have considered the Charity Commission’s guidance on public benefit and are satisfied that the Charity complies with that guidance.
## _**Grant Making Policy**_
The Trustees meet quarterly and, depending on the level of reserves, discuss what level of support the Charity can make. The Charity also receives requests for support and discusses these at their meetings. A decision to support must, be approved by the majority of the Trustees.
The principal objectives of the Charity are:
The furtherance of the religious education of the students at Seeach Sod school for children with special needs in Israel by the provision of grants and other financial assistance; provision of education so that the pupils at the school are prepared for the opportunities and responsibilities of later life.
- .
## � _**ACHIEVEMENTS AND PERFORMANCE**_
During the current year, the Trustees are delighted to announce that the Charity made donations of some £38,000 in the year ended 31 January 2023 _(2022: £17,000)_ to the Seeach Sod Organisation
Monies are raised by way of Charitable Donations received from companies and individuals
## � _**FINANCIAL REVIEW**_
## _**Investment Policy**_
The Charity holds all of its surplus funds in one Bank Account.
## _**Reserves Policy**_
The Charity retains sufficient reserves to meet urgent appeals.
Page 3
BRI fisH FRIENDS OF SEEACH SOD
TRUSTEES, ANNUAL REPORT (Coniinued)
FOR THE YEAR ENDED 31 JANUARY 2023
STRUCTURE. GOVERNANCEAND MANAGEMENT
The Charity is ¢on5tituted by a Constitution dated l February 2012 and registered
with th¢ Charity Commission on 24 September 2012 under Charity Number
1149062
The Trusiees in office in the year were as follows..
Mrs Toby Kahan
Mrs Simi Bard
Mrs Libby Winegarten
Mr Moshe Winegarten
The power of appointin£ a new Trustee or Trnstees hereof shall be vested in a majority in
number of the Trustees o.. if there is only one Trustee for the time being the provisions of
Section 36 Trusiees Act 1925 shall have affect.
Ruk Managemenl
The Trustees regularly undertake a review of the major risks to which the Charity is
exposed, and systems designed to mitigate those risks are considered on an ongoing bls.
The only risk which the Trustee5 have currently identified would be a fall in inter¢st rates.
The Trustees mitigate this risk by regularly monitoring high street bank interest rates.
REFERENCEANDADMINISTK4TIYEDETAILS
Reference and Adminisirative Details are sei oul on Page l and forni part of this report.
The TnteeS declare that they have approved ihe Trustees, Report abov¢.
Signed on behalf of the Charity's Trustees.
Toby Kahan
Tntstee
Daied20.10.2Q23
Page 4
## INDEPENDENT EXAMINER’S REPORT
## TO THE TRUSTEES OF
## **BRITISH FRIENDS OF SEEACH SOD** (“the Charity”)
_Registered Charity Number 1149062_
FOR THE YEAR 1 FEBRUARY 2022 TO 31 JANUARY 2023
I report on the Accounts of the Charity for the year 1 February 2022 to 31 January 2023 set out on Pages 5 to 10.
## _**Respective Responsibilities of the Trustees and Independent Examiner**_
The Charity’s Trustees are responsible for the preparation of the Accounts. The Charity’s Trustees consider that an audit is not required for this year under Section 144(2) of the Charities Act 2011 (“the Act”) and that an independent examination is needed.
It is my responsibility to:
- examine the Accounts under Section 145 of the Act;
- follow the procedures laid down in the General Directions given by the Charity Commission under Section 145(5)(b) of the Act; and
- state whether particular matters have come to my attention.
## _**Basis of Independent Examiner’s Statement**_
My examination was carried out in accordance with the General Directions given by the Charity Commission. 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 the Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the Accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.
## _**Independent Examiner’s Statement**_
In connection with my examination, no matter has come to my attention:
1. which gives me reasonable cause to believe that in any material respect the requirements:
-
- to keep accounting records in accordance with Section 130 of the Act; and
- to prepare Accounts which accord with the accounting records and to comply with the accounting requirements of the Act
- have not been met, or
2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the Accounts to be reached.
FRANK.S. LACHMAN _Chartered Accountants 16b North End Road London NW11 7PH_
_26.10.2023_
Page 5
## BRITISH FRIENDS OF SEEACH SOD
## STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR FROM 1 FEBRUARY 2022 TO 31 JANUARY 2023
|Note
**_INCOMING RESOURCES_**
**_Income and Endowments from:_**
Donations and Legacies
(2)
Investments
(2)
**_Total Income_**
(6)
**_RESOURCES EXPENDED_**
**_Expenditure on:_**
**_CHARITABLE ACTIVITIES_**
(3)
**_OTHER_**
(4)
**_Total Expenditure_**
(6)
**_NET INCOME/(EXPENDITURE)_**
**_RECONCILIATION OF FUNDS_**
**_Total Funds Brought Forward_**
**_Total Funds Carried Forward_**
(6)
|2023
£
42,086
-
42,086
_______
(38,000)
(161)
(38,161)
_____
3,925
1,122
£5,047
======
|_2022_
_£_
_15,615_
_-_
_15,615_
_______
_(17,000)_
_(381)_
_(17,381)_
_______
_(1,766)_
_2,888_
_£1,122_
_=====_|
|---|---|---|
The Notes on Pages 7 to 10 form part of these Accounts.
Page 6
## BRITISH FRIENDS OF SEEACH SOD
_Registered Charity Number 1149062_
## BALANCE SHEET
AS AT 31 JANUARY 2023
|Note
**_CURRENT ASSETS_**
Cash at Bank and in Hand
**_CREDITORS:_**Amounts falling due within one
year
(5)
**_NET ASSETS_**
**_FUNDS OF THE CHARITY_**
Unrestricted Funds – Surplus
(6)|2023
£
5,047
____-
£5,047
=====
£5,047
=====|_2022_
_£_
_1,122_
______- _
_£1,122_
_=====_
_£1,122_
_=====_|
|---|---|---|
These Accounts were approved on 26.10.2023 and signed on behalf of all of the Trustees.
Trustee **Toby Kahan**
The Notes on Pages 7 to 10 form part of these Accounts.
Page 7
## **BRITISH FRIENDS OF SEEACH SOD**
NOTES TO THE ACCOUNTS – 31 JANUARY 2023
## 1. _**ACCOUNTING POLICIES**_
- a. _**Basis of Accounting**_
These Accounts have been prepared in accordance with the historical cost convention and in accordance with:
- Accounting and Reporting by Charities – Statement of Recommended Practice (the Charities SORP FRS 102) (“SORP”).
- The Financial Reporting Standard applicable in the UK and Ireland FRS 102 Section 1A – Small Entities (“FRS 102”).
- The Charities Act 2011 (“the Act”)
The Charity constitutes a public benefit entity as defined by FRS 102.
The Trustees consider that there are no material uncertainties about the Charity’s ability to continue as a going concern.
- b.
## _**Voluntary Income**_
## _**Donations**_
Voluntary Income comprises Donations Receivable.
- c.
## _**Investment Income**_
Investment Income comprises Interest Receivable and is accounted for on an accruals basis.
## d.
## _**Charitable Activities**_
Charitable Activities comprise Donations and Expenses Payable which are charged in the year in which the payment of funds is conveyed to the recipient and fundraising expenses.
- e.
## _**Liability Recognition**_
Liabilities are recognised as soon as there is a legal or constructive obligation committing the Charity to the expenditure.
Page 8
## **BRITISH FRIENDS OF SEEACH SOD**
NOTES TO THE ACCOUNTS – 31 JANUARY 2023 _(Continued)_
## 1. _**ACCOUNTING POLICIES** (Continued)_
- f. _**Fund Accounting**_
The Unrestricted Fund held by the Charity is made up as follows:
General Reserve
This represents funds that can be used in accordance with the objects of the Charity at the discretion of the Trustees.
## g. _**Assets**_
The company has no fixed assets
## _**Debtors**_
Debtors (including loans receivable) are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the Charity. Subsequently they are measured at the cash or other consideration expected to be received.
## h. _**Liabilities**_
## _**Creditors**_
The Charity has Creditors which are measured at settlement amounts less any trade discounts.
## _**ANALYSIS OF INCOMING RESOURCES**_
## 2. _**DONATIONS AND LEGACIES**_
||2023|_2022_|
|---|---|---|
||£|_£_|
|Donations Receivable from Limited Companies and|||
|Individuals|42,086|_15,615_|
||=====|=====|
|**_INVESTMENTS_**|||
|Interest Receivable|£ -|_£ -_|
||==|_==_|
Page 9
## **BRITISH FRIENDS OF SEEACH SOD**
NOTES TO THE ACCOUNTS – 31 JANUARY 2023 _(Continued)_
## _**ANALYSIS OF RESOURCES EXPENDED**_
## 3. _**CHARITABLE ACTIVITIES**_
## _**Analysis of Grants/Donations and expenses**_
||£|
|---|---|
|Education|38,000|
||---------|
||£38,000|
||=====|
Grants to particular Institutions that are material in the context of Grants to Institutions were made to the following Institutions for the following purposes:
|||Total|Total|
|---|---|---|---|
|||Number of|Amount of|
|Name of Institution|Purpose|Grants Paid|Grants Paid|
||||_£_|
|Seeach Sod|Education|**1**|38,000
|
Page 10
## **BRITISH FRIENDS OF SEEACH SOD**
NOTES TO THE ACCOUNTS – 31 JANUARY 2023 _(Continued)_
|4.|**_OTHER_**|||
|---|---|---|---|
|||2023|_2022_|
|||£|_£_|
||Bank Charges and Interest|59|_318_|
||Sundry|102
|_63_
|
|||
==|_==_|
||**_Governance Costs_**|||
||Independent Examiner’s fees for reporting on the|||
||Accounts|£Nil|_£Nil_|
|||==|_==_|
||There were no fees paid to the Independent Examiner who acts on an Honorary basis.|||
|5.|**_CREDITORS:_**Amounts falling due within one year|||
|||2023|_2022_|
|||£|_£_|
||Other Creditors|£Nil|_£Nil_|
|||===|_==_|
|6.|**_UNRESTRICTED FUNDS_**|||
|||Statement of|Financial|
|||Activities||
|||£||
||At 1 February 2022|1,122||
||Income and Endowments|42,086||
||Expenditure|(38,161)||
||At 31 January 2023|£5,047||
|||=====||
## 7. _**TRANSACTIONS WITH RELATED PARTIES**_
There were no related transactions with the Trustees in the year
## 8. _**TRUSTEES’ EXPENSES**_
No expenses or remuneration were paid to the Trustees in the year under review or the previous year.
## 9. _**EMPLOYEES**_
With the exception of the Trustees, the Charity had no employees in either the current or previous year.