REGISTERED CHARITY NUMBER: 1168216
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2022
FOR
BEIS HATALMUD TRUST
Venitt and Greaves Chartered Accountants 115 Craven Park Road South Tottenham London N15 6BL
BEIS HATALMUD TRUST
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2022
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | ||
| Notes to the Financial Statements | 6 | to | 9 |
BEIS HATALMUD TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 NOVEMBER 2022
The trustees present their report with the financial statements of the charity for the year ended 30 November 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).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The principal objectives of the charity are:
The prevention or relief of poverty particularly but not exclusively in the London Borough of Hackney by providing: grants, items or services to individuals in need and/or charities, or other organisations working to prevent or relieve poverty.
To promote the education of the public by developing their mental, physical and moral capabilities through educational activities or in any other way the charity trustees deem fit.
Significant activities
The financial results of the Company's activities for the period ended 30 November 2022 are fully reflected in the attached financial statements together with the notes thereon.
The trustees are satisfied with the results and activities of the company for the year and do not anticipate any significant changes in the forthcoming year.
Public benefit
The trustees confirm that they have referred to the guidance contained in the Charity's Commission's general guidance on public benefit when reviewing the charity's aims and objectives and planning future activities and setting the grant making policy for the year.
Grantmaking
Grants are made at the discretion of the trustees and in accordance with the principal objectives of the charitable company.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
During the year under review, the charity received donations totalling £450,284 (2021: £442,884) and made donations and grants totalling £189,020 (2021: £192,580) in line with its charitable objectives
FINANCIAL REVIEW
Reserves policy
The charity maintains unrestricted free reserve at a level adequate to meet its short term operational obligation.
Going concern
The trustees believe that the charity has enough resources to continue for in foreseeable future.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
Recruitment and appointment of new trustees
The charity does not currently intend to recruit any new trustees. Should this status change in the future, the trustees will adopt a suitable policy to recruit and train new trustees.
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.
Page 1
BEIS HATALMUD TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 NOVEMBER 2022
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1168216
Principal address
86 HILLSIDE ROAD LONDON N15 6NB
Trustees
M Sharf M Schlesinger B Goldberger H C Freudenberger D Kleiman
Independent Examiner
Venitt and Greaves Chartered Accountants 115 Craven Park Road South Tottenham London N15 6BL
Approved by order of the board of trustees on 16 May 2023 and signed on its behalf by:
M Schlesinger - Trustee
Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BEIS HATALMUD TRUST
Independent examiner's report to the trustees of BEIS HATALMUD TRUST
I report to the charity trustees on my examination of the accounts of BEIS HATALMUD TRUST (the Trust) for the year ended 30 November 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 member of the ERROR - relevant professional body must be completed, 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
-
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.
M A Venitt, A.C.A
Venitt and Greaves Chartered Accountants 115 Craven Park Road South Tottenham London N15 6BL
16 May 2023
Page 3
BEIS HATALMUD TRUST
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 NOVEMBER 2022
| 30.11.22 | 30.11.21 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| INCOME AND ENDOWMENTS FROM | |||
| Donations and legacies | 450,284 | 442,884 | |
| EXPENDITURE ON | |||
| Raising funds | 2 | 278,064 | 222,658 |
| Charitable activities | |||
| Charitable activities | 189,020 | 192,580 | |
| Other | 770 | 350 | |
| Total | 467,854 | 415,588 | |
| NET INCOME/(EXPENDITURE) | (17,570) | 27,296 | |
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | 83,653 | 56,357 | |
| TOTAL FUNDS CARRIED FORWARD | 66,083 | 83,653 |
The notes form part of these financial statements
Page 4
BEIS HATALMUD TRUST
BALANCE SHEET 30 NOVEMBER 2022
| 30.11.22 | 30.11.21 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| CURRENT ASSETS | |||
| Cash at bank | 77,505 | 94,825 | |
| CREDITORS | |||
| Amounts falling due within one year | 5 | (11,422) | (11,172) |
| NET CURRENT ASSETS | 66,083 | 83,653 | |
| TOTAL ASSETS LESS CURRENT | |||
| LIABILITIES | 66,083 | 83,653 | |
| NET ASSETS | 66,083 | 83,653 | |
| FUNDS | 6 | ||
| Unrestricted funds | 66,083 | 83,653 | |
| TOTAL FUNDS | 66,083 | 83,653 |
The financial statements were approved by the Board of Trustees and authorised for issue on 16 May 2023 and were signed on its behalf by:
B Goldberger - Trustee
M Schlesinger - Trustee
M Sharf - Trustee
The notes form part of these financial statements
Page 5
BEIS HATALMUD TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 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.
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.
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.
2. RAISING FUNDS
Investment management costs
| Books Cleaning Furnishings Holidays and play scheme Light and heat Office expenses Payroll Refreshments Rent payable Repairs and maintenance Travel and meetings Fund raising Advertising Carried forward |
30.11.22 £ 741 679 - 46,598 5,830 764 13,160 78,429 29,500 13,606 5,788 11,592 - 206,687 |
30.11.21 £ 2,300 1,351 1,200 32,651 5,305 884 11,631 57,481 27,900 2,036 1,686 70 6,951 |
|---|---|---|
| 151,446 |
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continued...
BEIS HATALMUD TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 NOVEMBER 2022
2. RAISING FUNDS - continued
Investment management costs - continued
| Brought forward COVID help Educational help Gifts for donors Improvements Medical help Weddings and Bar Mitzvahs |
30.11.22 £ 206,687 7,500 1,072 1,662 3,293 4,750 53,100 278,064 |
30.11.21 £ 151,446 14,300 6,595 1,117 4,100 7,500 37,600 |
|---|---|---|
| 222,658 |
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30 November 2022 nor for the year ended 30 November 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 30 November 2022 nor for the year ended 30 November 2021.
4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | |
|---|---|
| fund | |
| £ | |
| INCOME AND ENDOWMENTS FROM | |
| Donations and legacies | 442,884 |
| EXPENDITURE ON | |
| Raising funds | 222,658 |
| Charitable activities | |
| Charitable activities | 192,580 |
| Other | 350 |
| Total | 415,588 |
| NET INCOME | 27,296 |
| RECONCILIATION OF FUNDS | |
| Total funds brought forward | 56,357 |
| TOTAL FUNDS CARRIED FORWARD | 83,653 |
continued...
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BEIS HATALMUD TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 NOVEMBER 2022
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Other creditors 6. MOVEMENT IN FUNDS At 1.12.21 £ Unrestricted funds General fund 83,653 TOTAL FUNDS 83,653 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 450,284 TOTAL FUNDS 450,284 Comparatives for movement in funds At 1.12.20 £ Unrestricted funds General fund 56,357 TOTAL FUNDS 56,357 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 442,884 TOTAL FUNDS 442,884 |
30.11.22 30.11.21 £ £ 11,422 11,172 Net movement At in funds 30.11.22 £ £ (17,570) 66,083 (17,570) 66,083 Resources Movement expended in funds £ £ (467,854) (17,570) (467,854) (17,570) Net movement At in funds 30.11.21 £ £ 27,296 83,653 27,296 83,653 Resources Movement expended in funds £ £ (415,588) 27,296 (415,588) 27,296 |
|---|---|
continued...
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BEIS HATALMUD TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 NOVEMBER 2022
6. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Net At movement At 1.12.20 in funds 30.11.22 £ £ £ 56,357 9,726 66,083 56,357 9,726 66,083 |
Net At movement At 1.12.20 in funds 30.11.22 £ £ £ 56,357 9,726 66,083 56,357 9,726 66,083 |
|---|---|---|
| 66,083 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 893,168 893,168 |
Resources Movement expended in funds £ £ (883,442) 9,726 (883,442) 9,726 |
Resources Movement expended in funds £ £ (883,442) 9,726 (883,442) 9,726 |
|---|---|---|---|
| 9,726 |
7. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 30 November 2022.
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