HOPEGROVE
Annual Report and Financial Statements
For year ended 31 December 2020
Charity Number
1155462
Accounts and Business Solutions 158 Cromwell Road Salford M6 6DE
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HOPEGROVE Charity Number 1155462 Financial Statements For Year Ended 31 December 2020
Contents
| Charity Information Report of The Trustees Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes forming part of the financial statements |
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| 3 4 5 6 7 8 |
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HOPEGROVE Charity Number 1155462 Financial Statements For Year Ended 31 December 2020
Charity Information
Board of Trustees
Akiva Grunhut Chayele Friedman Moshe Weiss
Administration Address
OCC Estate, Building A, Suite 8 105 Eade Road London N4 1TJ
Charity Number
1155462
Accountants
Accounts and Business Solutions 158 Cromwell Road Salford M6 6DE
Bankers
HSBC Bank plc 448-454 High Road London N17 9JN
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HOPEGROVE Charity Number 1155462 Financial Statements For Year Ended 31 December 2020
Report of the Trustees
Status and Administration
The Charity constituted by trust deed, dated 24 January 2014 is a registered charity.
Trustees
The Trustees in office throughout the year were Mr Akiva Grunhut, Mrs Chayele Friedman and Mr Moshe Weiss.
No trustee nor any person connected with them received any remuneration during the year.
Charitable Objects
The object of the charity is:
The advancement of the Orthodox Jewish religion, Orthodox Jewish education and education in general. The relief of poverty, sickness and infirmity for the public benefit. Such other purposes as are charitable according to English law as the trustees may from time to time in their absolute discretion to determine.
Public benefit
The trustees confirm their compliance, with the duty to have due regard to the public benefit guidance published by the Charity Commission when reviewing the Charity's aims and objectives and in planning future activities.
Reserves Policy
The Trustees retain reserves as necessary and where appropriate, consolidate funds in order to make more substantial grants which they feel to be appropriate.
Responsibilities of the Trustees
Charity Law 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 as at the Balance Sheet Date, and of its incoming resources, including income and expenditure for the financial year.
In preparing those financial statements, the Trustees should follow best practice and
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a. Select suitable accounting policies and apply them consistently.
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b. Make judgments and estimates that are reasonable and prudent.
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c. Follow applicable accounting standards and the Charities SORP, disclosing and explaining any departures in the financial statements.
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d. Prepare the financial statements on the going concern basis unless it is inappropriate to assume that the charity will continue in operation.
The Trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them as Trustees to ensure that the financial statements comply with the Charity Law.
The Trustees are also responsible for safeguarding the charity's assets and hence for taking reasonable steps for the prevention and detection of fraud and other regularities.
Approved by The Trustees on 4th October 2021
Akiva Grunhut - Trustee
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HOPEGROVE Charity Number 1155462 Financial Statements For Year Ended 31 December 2020
Independent Examiner's Report to the Trustees
I report on the financial statements of Hopegrove for the year ended 31 December 2020.
Respective Responsibilities of Governors and 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 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.
It is my responsibility to:
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examine the accounts under section 145 of the Charities Act,
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to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and
to state whether particular matters have come to my attention.
Basis of Independent Examiner's Report
My examination was carried out in accordance with 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.
In connection with my examination, no matter has come to my attention;
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which gives me reasonable cause to believe that in, any material respect, the requirements:
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to keep accounting records in accordance with section 130 of the Charities Act; and
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to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act
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have not been met; or
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to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Accounts and Business Solutions 158 Cromwell Road Salford M6 6DE
Date: 4th October 2021
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HOPEGROVE Charity Number 1155462 Financial Statements
For Year Ended 31 December 2020
Statement of Financial Activities
| Incoming Resources Donations Received Net incoming resources available for charitable application Less: Charitable expenditure Cost of ActivitiesIn Furtherance of the Charity's Objects Grants and donations given Bank charges Governance costs Independent Examiner's fees Accumulated Funds Net Deficit / (Surplus) for the year Balance brought forward Balance carried forward |
Notes 2 |
Unrestricted funds £ 39,525 39,525 39,525 79,724 18 79,742 80 (40,297) 3,567 (36,730) |
2020 Total £ 39,525 39,525 39,525 79,724 18 79,742 80 (40,297) 3,567 (36,730) |
2019 Total £ 107,465 107,465 107,465 105,811 45 105,856 490 1,119 2,448 3,567 |
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The notes on page 8 form part of these accounts.
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HOPEGROVE Charity Number 1155462 Financial Statements
For Year Ended 31 December 2020
| 2020 2020 £ £ Current Assets Debtors 8,170 Cash at Bank 2,599 10,769 Current Liabilities Accruals 0 Long-term Liabilities Bank loans > 1 year (47,499) Net Assets (36,730) Accumulated Funds Restricted 0 Unrestricted (36,730) (36,730) Balance Sheet At 31 December 2020 |
2019 £ 3,170 817 |
2019 £ 3,987 (420) 3,567 0 3,567 3,567 |
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Approved by the Trustees on 4th October 2021 and signed on behalf of them all.
Akiva Grunhut - Trustee
The notes on page 8 form part of these accounts.
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HOPEGROVE Charity Number 1155462 Financial Statements For Year Ended 31 December 2020
Notes To The Accounts
1) Principal Accounting Policies
Basis of Accounting
The Accounts have been prepared under the historical cost convention in accordance with the Charities Act (Accounts and Reports) 2011, and the Financial Reporting Standard for Smaller Entities (Effective April 2008), and follow the recommendations in Accounting and Reporting by Charities: Statement of Recommended Practice (Issued March 2005).
Cash Flow
The accounts do not include a cash flow statement because the charity as a small reporting entity is exempt from the requirement to prepare such a statement.
Donations and Fund Accounting
Rental Income received for the general and main purposes of the Charity is included as unrestricted funds in the Statement of Financial Activities when receivable.
Donations and Grants for activities restricted by the donors are taken to restricted funds if the wishes and conditions of the donor are legally binding on the Trustees.
Resources Expended
Resources expended are accounted for on an accruals basis. Certain expenditure is apportioned to cost categories based on estimated amount attributable to that activity in the year. These estimates are based on the time and level of activity as appropriate.
Management and administration costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.
The irrecoverable element of VAT is included with the item of expense to which it relates.
Support costs
Support costs have been allocated between governance costs and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice.
2) Taxation
The Charitable Company is exempt from taxation on its charitable activities.