## Keren Ezra Mimtzika
# **Report and Financial Statements For Year Ending 31 December 2021 Charity Number 1160871 (England & Wales)**
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Keren Ezra Mimtzika
## **Contents**
|**Contents**||
|---|---|
||Page|
|Legal and Administrative Information|3|
|Report of the Trustees|4 and 5|
|Statement of Financial Activities|6|
|Balance Sheet|7|
|Notes forming part of the Balance Sheet|8|
|Independent Examiner’s Report|9|
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Keren Ezra Mimtzika
## **Trustees**
Mr Pinchus Weinberg
Mr Naftoli Padwa Mr Yoel March
## **Administration Address**
11 Linthorpe Road
Stamford Hill
London N16 5RE
## **Bankers**
Barclays Kingsland Branch London E8 2JT
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Keren Ezra Mimtzika
## **Report of the Trustees**
The trustees present their annual report and Financial Statements of the Charity for the Year Ended 31 December 2021.
The trustees in office during the year were Mr Pinchus Weinberg, Mr Naftoli Padwa and Mr Yoel March. No trustee nor any person connected with them received any remuneration during the year.
## **Status and Administration**
The Charity constituted by Trust Deed dated 12 March 2015 and was registered on 12 March 2015.
## **Charitable Objects**
The Charity was set up for the advancement of the Orthodox Jewish Faith, the advancement of the Orthodox Jewish religious education and the relief of poverty, sickness and infirmity amongst members of the Jewish Faith and other charitable purposes as the trustees may from time to time see fit according to the laws of England and Wales.
## **Reserves Policy**
The trustees retain reserves as necessary and where appropriate, consolidate funds in order to make more substantial grants which they fee 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 on 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;
- a. Select suitable accounting policies and apply them consistently
- b. Make judgements and estimates that are reasonable and prudent
- c. Follow applicable accounting standards and the Charities SORP 2015 disclosing and explaining any departures in the Financial Statements
- 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 Charity Law.
The trustees are also responsible for safeguarding the charity’s assets and hence for taking reasonable steps for the detection of fraud and other irregularities.
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Keren Ezra Mimtzika
## **Board of Trustees**
The members of the board are set out in page 3.
## **Political and Charitable Donations**
During the year the Charity made donations of £670104 (2020 £784307)
Approved by the Trustees of Keren Ezra Mimtzika on 31 October 2022
## **Trustee**
## **Mr Pinchus Weinberg**
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Keren Ezra Mimtzika
## **Statement of Financial Activities for the year ended 31 December 2021**
|Donations Received
**Total Income**
Expenditure
Donations Made
670104
Telephone
325
Advertising
1016
Sundry Office Expense
646
Consultancy Fees
1210
Bank Charges
2559
Bank Loan Interest
506
**Total Expenditure**
**Nett Income/Expenditure for Year**
Total Funds Brought Forward
Total Funds Carried Forward||2021
Total
Funds
£
693725
**693725**
784307
185
0
644
350
2312
0
**(676366)**
**17359**
(19301)|2020
Total
Funds
£
722512
**722512**
**(787798)**
**(65286)**
45985|
|---|---|---|---|
||(1942)||(19301)|
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## **Balance Sheet as at 31 December 2021**
||2021|2021|2021||2020|2020||
|---|---|---|---|---|---|---|---|
|||£||||£||
|Assets||||||||
|Cash in Bank|||43271|||34419||
|Debtor||||620|||420|
|Total Current Assets|||**43891**|||**34839**||
|**Creditors: Ammounts Due Within One**||||||||
|**Year**||||||||
|Accrued Expenses||||0|||540|
|Loan Due within one||||||||
|year||||0|||3600
|
|**Total Creditors**||||**0**|**(4,140)**|||
|Net Assets less Current Liabilties|||**43891**||
**30,699**|||
|Creditors: Ammount due After one Year||||||||
|Bank Loan|**(45,833)**||||**(50,000)**|||
|**Total Nett Assets**|**(1,942)**||||**(19,301)**|||
|**Charity Funds**||||||||
|**Unrestricted Funds**|**(1,942)**||||**(19,301)**|||
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## **Note to the Accounts**
## **1. Principle 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 102, and follow the recommendations in Accounting and Reporting by Charities: statement of Recommended Practice (effective from April 2015).
## 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.
## Donation and Fund Accounting
Donations received for the general and main purposes of the charity are included as unrestricted funds in the statement of Financial Activities when receivable.
## Expenditure
Expenditure is accounted for on an accrual basis. Certain expenditure is apportioned to cost categories based on estimated amount attributable to that activity in the year.
The irrecoverable element of VAT is included with the item of expense to which it relates.
Governance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.
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## **Independent Examiner’s Report on the unaudited Accounts of the Charity For the Year Ended 31 December 2021**
We report on the Financial Statements of Keren Ezra Mimtzika for the Year Ended 31 December 2021 which comprise the Statement of Financial Activities, the Balance Sheet and the related notes. These statements have been prepared, under the historical cost convention, and in accordance with the recommendation in Accounting and Reporting by Charities: Statement of recommended Practice (issued 2015), and the financial Reporting Standard for Smaller Entities 102 (effective 2016), and the accounting policies set out therein.
## **Respective Responsibilities**
As described on page 4, the trustees of the charity are responsible for the preparation of the accounts, and they consider that the audit requirement section 144 of the Charities Act 2011 (the Act) does not apply. It is our responsibility to state, on the basis of procedures specified in the General Directions given by the Charity Commissioners under section 249 of the Act, whether particular matter have come to our attention.
## **Basis of Accountant’s Report**
Our examination was carried out in accordance with the General Direction given by the Charity Commissioners.
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 a consideration of any unusual items of disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. These procedures undertaken do not provide all the evidence that would be required in an audit, and consequently we do not express an audit opinion on the view by the accounts.
## **Opinion**
In our opinion, no matter has come to our attention,
- 1) which gives us reasonable cause to believe that, in any material respect, the requirements
- a) to keep accounting records in accordance with section 130 of the Act; and
- b) to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act have not been met; or
- 2) to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
## **Reporting Examiner**
## **Date 31 October 2022**
Abraham Padwa
39 Watermint Quay
London
N16 6DN
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