Reglstsrod numbgr: 10237698 Charlty number.. 1169323 THE DEBRA REISS FOUNDATION (A Company Limited by Guarantee) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023
THE DEBRA REISS FOUNDATION (A Company Llmtted by Guarnnlee coprrENTS Page Ref8r8nc8 and Admlnlstratlve Datalls of th8 Companyi Its Trust8e5 and Adviserè Trustses. Report Independent Auditors. Rèport (In the Financlal Statem¢nts 7-10 statement of Flnanclal Actlvltles 11 Balance Sh8ot 12 Notes to the Flnancial Ststements 13-23
THE DEBRA REISS FOUNDATION (A Company Umlted by Guarantee REFERENCE AND ADMINISTRAnVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 30 JUNE 2023 Trustees D. A. Reiss D. R. Reiss Company règi#ter•d numbor 10237698 Charity registered number I1823 Registered <)ffice First Floor, White Lion House, S4a Highgate Hah Slre6L London, N6 5HX Independent ouditors Wildor Coe Ltd, 1st FIr Sad(ville House, 14&149 Fènchurth Str*L LorKlon. EC3M 6BL Page 1
THE DEBRA REISS FOUNDATION IA Company Limlted by Guarantso} TRUSTEES. REPORT FOR THE YEAR ENDED 30 JUNE 2023 The TnJstee8 present their annual ert together wilh the audit financial statemerjts of The Debra Rei88 Foundation (Ihe'company) for the year 1 July 2022 to 30 June 2023. The Annual Report Serves the purposes of both a Trustees, Report and a Directors, Report urKler company law. The Trustees confimi that the Annual Report and financial statements of the tharilable company compty th the current Statutory r8quirem8nls, the requirements of the charitable ¢ompanYs goveming drLument and the provisions of the Statement of Recommended Practice ISORP) applicable to charities preparing their accounts in accordance with the Fillancial Reporting Stsndard applicabl8 In thé UK and Republic of Ireland {FRS11r2I leffective 1 Janu8ry 2019). Since the Ccffipany qualif es as small undar seLtion 382 of the CLKnpanie8 Act 2006, Ihe Strategic Report . reqUIlI ol medium and large companies under the Coryanw Act 2006 Islralegic Report and Dir8Ctors' Report) Regulations 2013 has been omitted. Obj$dv8s and actlvltles a. POUCIES AND OBJECTIVES The principal objectNes of the charity as sel crt in the goveming document are.. To 8SSiSt in such vtays as th8 charity thinks fft any tharity whose auns include Vancing education of persons in the UK or worIde by devekping their indmdual capabilib"e3, competences. skills 8nd underBtanding in suects of educ2tional value or in develL)ping their mental, physical and moral capabilities through leisure lime acvth8. To relve povety or financial hardship in the UK or worldwKle by pwding grants, items and 8ervlces to indiwduals in need 8ndlor chariknes or other org8nisatK)ns worknng to relieve povety. To develop the capabilty and skills of sttialty disadvantaged cc8nmuniti8s in th8 UK in such a way that they are better able to identfy and help meet thr needs and to partpate more fvlly in 50¢iety by the support of and providing grants and donations to chanknes whose objectives incluée these 8ims. To promote public health in the UK and wodthvide for the benefft of the publ by providing assistance and gnIS to other charilies and organisations working the fiefd of fnedthl r&8earch and advancement., and To prMOte humane havIour t(wards anwnals by assisting or provbjing donat6 or giants lo ch8rity or organis'on which is providiThJ donations or grants lo any charty or organisalion which is providing appropriate care. protection, Ireatrnent and security or animals which are in need of care and attenliDn by reason of sickness, mattreatment, pcK>r circumstanc8s or ill usage and lo educate the public in maiters pertaining to animal welfare and the prevention of cn and suffering anwng animals. b. PUBLIC BENEFIT The Trustees conffirm th81 they have, in th6 MinIStrat)n of the tharty, paid due regard lo the public benefft guidan published by the Charty Commission under seCn 4 otth8 Chariti8s Act 2011. Page 2
THE DEBRA REISS FOUNDATION IA Company Limited by Guaranteel TrUSTEES' REPORT IcopinNUEDI FOR THE YEAR ENDED 30JUNE 2023 Achlevements and perfomiante . REVIEW OF ACTIVITIES Hislonc donations and subsequent income received w&s invested across 3 inveslment funés during 202312022. 31. There are 3 investment funds in place at the year end. In aldition, fijnds have b88n invested into bridging loan facilities of which there are 2 in place at tho year end. Donations lo other chariiies tots111 £9,075 {2022.' £8,286). It IS 8xpected that further donations will be mad& in 2024 for the furtherance of the charitys objectives. The charty 8lso undertook charilable aCtNit directty IludIng donating It$ lo a k)cal horneless Sh&tr through the Synagogue Foj Bank as wdl as donating footsvear lo various sthools in Brerkt, Bamet and Harringay. Costs irUrred relating to this a¢tivitses totalled £58,178. b. INVESTMENT POUCY AND PERFORMANCE The Trustees have considered the options avalb and have thided lo invest the frjnds they have receN6d by way of donations in commgrcial common investment fijnds as well as other funding solutKJns to obtain long lerrn retum on investments. Trusle&s clos61y monitor th8 P8rformance of invesbnents and make changes as nees8ary. Ri8k profiles are agreed with each iRveslmenl fund in advance. Financlal review a. GOING CONCERN After making appropriate enquirie$, the Ttee$ have a reasonable expeclation that the Company has adequate resourc&s lo continue in operational exist8nca for the foreseeable future. For this reason, they continue lo adopt the going concern basis in preparing the financial statements. Further delai15 regarding the adoption of the going conrn basis can be found in the accounts'ng pdiues. b. RESERVES POUCY The current reserve policy is lo protect the Companls charitabk property. including the investments hekl and lo seek to ensure the solvency of the company. The Trustees eontinue to follTh a reserves polt¢y which fbe$ the precise risks and other circuMstanS of the tim. The total fvnds held al the year end are £7.C67.494 (2022.. £6.995. 769). All funds are unrestricted. c. PRINCIPAL FUNDING Th8 principal fuNling of the Company has the invesbn8nl income received on funds arising from dDnations made in earlier periods. It15 Intendgj that these funds shoukl assist with the charrtable purpose of the charity for 8 nurrt>er of years. d. MATERIAL INVESTMENTS POUCY The material investhents of th8 Company are its investments in various share portfolios. The policies relating thereto and their performance dealt with in the accounting poIleS arml notes to the acwunts. Page 3
THE DEBPA REISS FOUNDATION A Company Llmltèd by Guarantee) TRUSTEES, REPORT ICOPfflNUEDI FOR THE YEAR ENDED 30 JUNE 2023 Structure, govemance and management . CONSTITWION The Company registered as a Charitab company limit by guarantee and was 8et up by a Memorandum of Asso9t10n on 17 June 2016. The Companys chantable number 1169323 and ts registered company number is 10237698. The Comp8ny is registered at the following address- First Floor While Lion Hous 64a Highgate High Street London N8 SHX b. MEfHOD OF APPOINThIENT OR ELECTION OF TRUSTEES The man¥Jement of the Corrpany the responsibility of the Trustees who are eleGted and co-op1 under the lenns of the Articles of Association. Trustees are appoinl&J at the discretion of the acbng tnjstees at the Annual General Meeting. c. POLICIES ADOPTED FOR THE INDUCTION AND TRAINING OF TRUSTEES Th8r8 is no s8t poIY in pl@ for th& inductsjn and training of new tN8lee8 and thi8 is arranged as required. d. PAY POUCY FOR SENIOR STAFF All directors, who are also trustees of the charity. thr lime fr and director receNed remuneration in the year. e. ORGANISATIONAL STRUCTURE AND DECISION IAAKING The board of Trustees wih a minimum 0fty member8, &Jministerthè chanty. The Trustees who served during the were as foll.. D. A. Reiss R. J. RsS (desed 22 January 2024) O. R. Reiss The Companls auditors are Wildw Cce Ltd, Chartered AeLX)untanls & Statutory Audit, 1st Floor S8ckwll6 Hou8e, 14&149 Fenchureh Street, Londoft. EC3M 6BL. f. RISK MANAGEMENT The Tru818 have assessed the major risks to which the Company is expos. in partrcular those related to the operations and finances of the Company. and are satisfied th* systems 8nd procedures are in Pla lo miligale exposur8 to the major risks. P&ae4
THE DEBRA REISS FOUNDATION (A Company Llmlled by Guardntsel TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2023 Plans for future periods a. FUTURE DErfELoPmErS The Debr4 Reis$ FcNJndation predominantly donates brand new dothing essenliaL8 lo Underprivied prirnary school chiklr8n in the loc areas. For example, last Autumnlwirtsr we gave out over 2.5QD kgep warm kts which included a hat, snood, themwl ves¢ gloves. all in a r&usable b4. We also donated thousands of brand new Iralners, pllmsols and fie lined wnt8rjackets depending on the n¢j of the %hools. In the future we ara looking lo expand the amjnI of donations arKI give CMJI more essential clothing lo those in need. This Autumn we have, so far in the schedu. a plan to donate ¢)ver 2.500 Winter Jacke18 and thousands of trainers and plimsols. We are Iwking lo also gwe out our keep wami kits and now have a handful volunteers who wll help us wth the packing. We currently work with both Haringey and Barnet COUnlS and other local charitiès like Sebby's Corner, W8 are looking lo expand the areas we donate to and are in talks with Camden councal to See where we can be of help. In addition lo helping primary schools in the k¢al areas, we wll continue to donate lo olhw UK based charities in line with the ctsritable cjedives. TRUSTEES. RESPONSIBILMES STATEMENT The Truslees (who are also the direcaors of the c(panY for thè purposes of company lawl are responsible for prèparing the Trustees, Rew)rt and the financial slatemwls in aCrdance wlh appli¢ab law and United Kingdom Accounting Standards {United Kingdijn General Accepted Accounting Practice). Company law requires the Trustees lo prepare financial statements for each financol year. Under company law, the Tnjslees must not approve the fina131 statements unkss they are Satisfi that they give a true and fair view of the slate ol affairs of the Company and of its inc(Kning resources and applKation of resource8. including ils incorne and expenditure, for that petiod. In preparing these financial stalemenls, the Trustee5 are required to.. select suitable acccwnling poliCS and then q)pty them consistently. observe the methods and princip8 of the Chartii&s SORP {FRS 102}', make judgments and accounting esiimales that are reasonable and prudent,. stale whether applicable UK Accounting Standards IFRS 102} have tren followed, subject to any material departures discloseé and explained in the financk?I statements" and prepare the financial staternents on the gcrfng COnM basis unless f( is inapprcyriale lo prèsumè that the Coinpany will nts'nue in business. The Twslees are responsibk for keeping adequate accounling records that are 8uffiGient lo show and explain the Companls Iransactiolls and disclose vrith reasonable accuracy al any time the financial positK)n of the Company and enable them to ensure that the financial statements cc¥nply with the Compani8s Act 2006. They are also responsib for safeguarding th8 assets of the Company arKI hen for taking reasonable steps for the prevention and detection of fraud and other irregularities. DISGLOSURE OF INFORMATION TO AUDITORS Each of the persons who are Trustees al the time when thi8 Trustees, Rem is approved has confimed that.. so far as that Trusteé L aware, there Is no relevant Infomiat of which the charitys auditors unaware, and that Trustee has taken all the steps that ought to have been laken as a Trustee in order to be aware of 8ny r818vanl audit information and to establish that the th81itys auditors are aware of that information. Page 5
THE DEBRA REISS FOUNDATION IA Company Llmited by Guarantsel TRUSTEES. REPORT (CoriNUED) FOR THE YEAR ENDED 30 JUNE 2023 AUDITORS The auditors, Wildw Coe Ltd. have indicated their wsllingness lo conlinue in office. The Designatèd Trustees will propose a motion re-appointing the auditor3 at a meeting of the Trustees. In preparing this rewrt, the Trustees have taken advantage of the small companies exemptions provided by section 415A of the Conwanies Act 21XE. This report was approved by the Trustee¥. on .......... 01 . and signed on their behalf by.. D. A. Reiss Trustee Page 6
THE DEBRA REISS FOLINDATION IA Company Limited by Guarantee) INDEPENDENT AUDITORS. REPORT TO ThE MEMBERS OF THE DEBRA REISS FOUNDATION OPINION We have audited the financial Statements of The Debra Reiss FoutKlation Ithe'charitable compan) for the year ended 30 June 2023 whith Comprise the Statement of Financial Athilies, the Balancè Sheèt, th& Slalement of Cash Flows and th8 rglat8d notgs, including a summary af significant accounting policies. The financial reporting framework that has been applied in their preparatK)n is applb law and unit Kingdom Accounting Standard5, including Financial Reports"ng Starard 102 Yhe Financial Reporting Standard applicable in the UK and Republic of Ireland, (United Kingdom GenerallyA¢ceptèd Acc(MJnling Praclice). In our opinion the financial statements.. give a tru8 and lair of the state of the charilable companls affairs as al 30 June 2023 and of its incoming resources and applicati of resour. indlIng its inwme and expenditure for the year then ended., have pn)perfy prepared in ac)rdanC8 With Unrted lfjngdom Generalty Accepted Accounting Practice,. and have b*n prepared in wjrdance wrth th8 r8quir8ments of the Charities Act 2011. BASIS FOR OPINION We conducted our audit in cOrdan Intemational Standards Auditing (UK) IISAS IUKI) applicable 18w. Our responsibilities under those standard5 are further deribed in the Auditors, responsibilities for the audit of the financkql slalernents sectM)n of our report We are IP8ndnI of the charitable company in accordance th the elhieal requirements that are feyarrt to our audr( of the finanaal statements in the uftrt ngdom, including the Fiftanci81 Reporting Council's Ethical Stsndard, 8nd we have fulfilled our other ethical responsibilities in ardance wth these reqLtiremenls. We believe that the audit evidence we h8v8 obtained is sufficient and appropriate to provtde a basis lor our otNnkn. CONCLUSIONS RELATING TO GOING CONCERN In auditing the financial statements. we have concluded that the Trustees, use of the gn9 concem basis of ounting in the preparation of the financkgl statnIS is 4)propriale. Based on the work we have performed: we have Il identffied any material uncertainties re18ting lo gvenls or condi(ion8 that. individu81Fy or collectivety, may cast significant doubt on tho charitable comp3ny's ability lo ontinue as a going wnGem for a peritsd of at knt iwefve months when the finar181 statements are authorised for issu8. Our reswnsibilities and the r8sponsibilities of the Trustees S1h respect to going nrn are desuibed in the relevant sections of this report. Page 7
THE DEBRA REISS FOUNDATION IA Company LimEted by Guarantee) INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF THE DEBRA REISS FOUNDATION ICONTINUEDI OTHER INFORMATION The other information comprise5 the inf0Mtt0n included in the Annual Report other than the financial statements and our Audttors, Report thereon. The Trustees are responsible for the other information contained w(thin the Annual Report. Our opinion on the financial stalements d( not cover the other infomialion and, ex¢ept lo the extent otherwise explicitty stated in our report, we do not expre88 any fom of assurance conclusion th&r80n. Our responsibilty is to read the other infomialion and. in doing 80, consider whether the other infonmation is materially inconsistent with the financial statemt8 or our kn¢)wledge obtained in the course of th8 audit, or otherwise appears lo be materialty misstated. If we wjentify such material inconsistencies or apparent material mi8slalemenls. we are required to detemiine whether this gwes rise to a material misstat8menl in the rinancial statements themselves. If. based on the woth we have perf0Ml, we conclude that thore is a maleTral misstatement ofth15 ¢)ther infomialion, we are r4uitsd to report that fact. We have nothing to report in this regard. OPINION ON OTHER MATTERS PRESCRIBED BY THE COMPANIES ACT 2006 In our opinion, based on the WOTk undertaken in the ¢ourse of the audL' the inf0ml1n gwen in the TTUStees' Report lor the financial year for which financial 8talèmentS are prepared is consistent with finanual ststements,. and the Trustees, Report has boen prepared in a¢dan with opplKabk legal Twuirements. MArrERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION In the light of our knovAedge and understanding of the charitable company and its 8nvironmenl Obtain in the course of the audit, we have not identrfied material misststements in the Trustees, Report. We have nothing lo report in respecl of the folhxing matters %there the Char(($ {Ac¢ounts and Report81 Regulations 2008 requires us to report to you if. in our opinion". adequate atLounllng records have not been kept. or retums adequate for our audit have not beon received from branches not visited by us", or the financial Statements are not in agreement with thè aOnting records and returns." or certain disclosures of Trustees. remuneration specffied by Law are not made.. or we have not reNed all the infomialion and eyplanalK)ns we wuire for our audit or the Trustees were not entided to prepare the financial statements in accordance with the small companies regimg and take athanlag8 of the small companEs' exempth)ns in preparing the Trustees, Rèport and from the requirement lo prepare a Sltalegic Report. RESPONSIBILtriES OF TRUSTEES A8 exp18ined more fulty in the Trustees. Responsibilities Sfatement, the Trustee5 {who are also the directors of thè charitable company for Ihe purposes of company lawl are responsible for the pr8paration of the financial statements and for being satisfied that they give a irue and fair view, and for such inlemal control as the Trustees delemiine is necessary to enable the preparatp)n of financial slalements that are free from m81eri81 mi8818tement, whether due to fraud or error. . In preparing the financtal 3talents, the Trustees are responsible for assessing the charitable company's abilty lo continue as a going con¢em, disclosing, as appluble. maiters related to going concem and using the going concern basis of accounting unless the Trustees either intend lo liquidate the Charitab company or to cease cyeralions, or have no realist aY(emative but to do so. PaJe 8
THE DEBRA REISS FOUNDAnON (A Company Limiled by Guarantael INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF THE DEBRA REISS FOUNDATION {CONTINUEDI AUDITORS. RESPONSIBIUTIES FOR THE AUDIT OF THE FINANCIAL STATEMEpirs Our objectiV85 ar8 to obtain rea8onaNe assurance about whether the financial slatements as a whole are Iree from material misstatement, whether due to fraud or error, and to issue an Auditors, Report that includes our opinion. Reasonab assumnts is a high of assurance. bul i8 not a guarantee that an audit conducted in accOrL1an wrth ISAS IUKI will ah¥ays detect a material misstatement when it exists. Misslalements can arise from fraud or error and are considered material rf, IlIVidua[1Y or in the aggregate, they could 8$oablY be expected to influence the econom decisions of usets taken on the basis of these financial stslemenls. Irregularitiès, including fraud. are instances of non•cLmiplianc£ with lawB and fEgulalions. We design procedur&8 in line with our resp¢)nsibililEs, ouuined above. to delect material misslatemen15 in respect of irrègularilk8s, including fraud. Tho extent to whh our prdureS are capablo ol detecling iwularities, induding fraud is detailed below.. Discussions with and enquiries of manapnent and the char9èd wth govemancé were held with a viaw to id8ntrfying thos@ laws and rulationS th coukl be expect1 to hav8 a matarial impact on the financial slalemenls. During the engaJemenl team briefing. the outcoms of these discussions and enquirie8 were shared with the team, as well as consitferalion as to where and fraud my tKzur in the entty. The following laws regulations wero identifie4J as being of sunfficance to the enbty.. Those laws and regulations considered lo have a direct effect on the financial slalemènts include UK financial reporting standards, company , and chanty lsIatiOn. Those laws and regulations for which non-compliance may be fundantal to the operydting aspects of the bu8ines8 and therefore may have 8 material effect on the financial statements. Audit procedures undertaken in response to the F(ential risks relating to irregularfties (which include fraud and non-compliance wth laws and regul8tions} comprised of." erlquiries of management and those charged wlth govemanee as tts whether the entity complw with sueh laws and regulations., enquiries with the same conceming any adual or potential litigation or claims,. review of minutes., testing the appropriateness of journal entries., and the perfoar¢¢e of analfftal review lo Kjentify unexpected movements in account balances whh may bg indicative of fraud. No instances of Materi nonthccqnpliance were Klentrfl. Hchyever, the likelihc¥)d of detecting irregularities, including fraud, is limited by the inherent drfrU1tY in detecting irwularities, the effectNeness of the ent3 conlrols, and Ihg natur8, liming and extenl of the audit pr(tedures perfOrnd. Irregularrties that result from fraud might be inherently more dtfficuli to detect than irregularities that resu from error. As explained above, there 18 an unavoidable risk that mat8rial misstatements may not be detected. 8ven though th8 audit has b88n planned and perfomied in accordance with ISAS (UK). A further de8CriPtion of our responsibilities for the audit of the financial statements 18 located on the Financial ReFIDrting Council's websrte at www.frG.o .ukJaudilorsres nsibilrties. This description forms part of Our AudttOTS' Report. Page 9
THE DEBRA REISS FOUNDATION
(A Company Limited by Guarantee)
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF THE DEBRA REISS FOUNDATION (CONTINUED)
USE OF OUR REPORT
This report is made solely to the charitable company's members, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an Auditors' Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its members, as a body, for our audit work, for this report, or for the opinions we have formed.
Charlotte Willmore BFP ACA (Senior Statutory Auditor)
for and on behalf of
Wilder Coe Ltd
Chartered Accountants & Statutory Auditors
1st Floor Sackville House
143-149 Fenchurch Street
London
EC3M 6BL
9 January 2025
Page 10
THE DEBRA REISS FOUNDAlloN {A ¢¢)mpany limited by Guarant¢el STATEMENT OF F5NANCIAL ACTEVITtES (INCORPORATING INCOME AND EXPENDITURE ACCOUNTI FOR THE YEAR ENDED 30 JUNE 2023 Unrestricted funds 2023 Total funds 2023 Total funds 2022 Note INCOME FROM.. Donations and legacaes Investments 72,740 368,061 72,740 368,061 237.599 TOTAL INCOME 440.801 440,801 237,599 EXPENDITURE ON: Raising funds= Expenditure on other actNities Investment man4ement Charitable act(vities 10,023 10,023 49,068 176,488 9,516 64,2TO 51,242 176,488 TOTAL EXPENDITURE 235,579 235,579 125,028 NET INCOME BEFORE LOSSES ON INVESTMENTS Net losses on investments 205,222 (133.4971 205.222 1133A97) 112,571 (601,391J NET MOVEMENT IN FUNDS 71.725 71,725 (488,820) RECONCILIATION OF FUNDS.. Total funds brought foNard Net movement in funds 6,995,769 71,725 6,995,769 71,725 7,484,589 (488.820) TOTAL FUNDS CARRIED FORWARD 7.067.494 7.067.494 6,994 769 The Statement of Finan¢ral indudeg all gains and bsses rwniwj in the yaar. The notes pe5 13 to 23 fomi part of these finan(aal statemgnts. Page11
THE DEBRA REISS FOUNDATION {A Company Limlted by Guarantee) REGISTERED NUMBER: 10237698 BALANCE SHEET AS AT 30 JUNE 2023 2023 2022 Not• FIXED ASSETS Invgstm8nls CURRENT ASSETS 12 6.833.034 8, 710,618 Debto Cash at bank and in ha1 13 250.298 642.685 1.250N59 1,250,757 892,983 CREDITORS.. amounts falling due within o year 14 116.297) (7,832) NET CURRENT ASSErs 1.234.460 885, 151 NET ASSErs 7.087.494 6,995,769 CHARITY FUNDS Unrestricted funds 15 7.067.494 6.995,769 TOTAL FUNDS 7,067.494 6,995,769 The Trustees thnaedge their responsbiltses for ¢cP.g wrth tha requirements of the Act with respect to accounting records and preparation of financid siat8m8nts. The finanaal ststements have been preparèj in accordance with the provisK)ns applicable to entities suoCt to the small companios regirre. The financial statements were apprDved and authorised for issue by the Trustees on ... and Signed on their behaw by. D. A. R&is$ The notes on pgJes 1310 23 form part ofthese finanoal stments. Page 12
THE DEBRA REISS FOUNDATION IA Company Umlted by Guardnteg) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 GENERAL INFORMATION Th? Debra Reiss Foundation (company number. 10237698), having its wistered office and principal place of business at First FkK)r. White Lion House. 64a Highgate High Street, London, United Kingdom, N6 5HX. is a private charitable ¢tnpanY limited by guarantee incorporated in England and Wales. ACCOUIMNG POLICIES 2.1 Bas15 of proparatlon of financlal statements The financial statements have been prepared in accordan with the Charities SORP IFRS 1021- Accoullting and Reporting by Charitm.. Stalemenl of Recommended Praetice applicable lo charities preparing thèir &counts in attordance with the Financial Reporti Standard applicable In the UK and Republic of Ireland {FRS 1021 leff&tive 1 January 20191. the Financial Reporting Standard applicable in the UK and Republ of Ir&Land IFRS 1021 arKI the Companies Act 2006. The Debra Reiss Foundation meets the defintknon of a public benefit entity under FRS 102. Assets 8nd liabilities are initidly recognised at historical cost or transaction value unles5 otherwise stated in the relevant accounting poly. 2.2 Company ststus The Company i8 a cempany limit&Y ty guarantee. The members of the Company are the Trustees named on p8ge 1. In the event of the Company being wound up, the l¢abilty in resp8Ct of the guarantee is limited to £10 per memtk8r of the C(Mnp8ny. 2.3 Income l income is recognised once the Cornpany has entrtlemenl to the income, it is probable that the Income will be receiv and Ihe amount of inCe receivable Can te measured reliably. Donated professional SeiC£S and facilths ale rwognised on reciepl, on the basis of thè value of the giftto the Company which 1$ the amLtnl it woukj have been lling to pay lo obtsin the servi¢es or faciliLies of equNalenl economic nerrt on the cyen market,. a corre4)onding amount is th8n recogni$ed in èxpenditure in the period of reciept 2A Expend5ture Expenditure is recognised ortt thern is a legal or constnKtive obligation to tmnsfer economic benefil lo a third party, it is probable that 8 transfer of economic benefrts will be required in settlement and the amount of the obligation Can be measured reliably. Expendtiure is classrfied by activity. The costs of each activty are made up of the toial of dirvLt costs and shared costs, including support costs inVoed in undertaking each lIVIty. Direct costs attribthabk lo a single adimty are allocated directty to that activity. Shared costs whth c)Jntn"bute lo mote than one activity and support costs which are not attributable lo a single activity are apportioned beeern those activities on a basis consi51ent with the use of (esour. Central staff costs are alk)cated on the basis of lime spent. Chaiitable adivibes and govemance costs are c08ts incurred on the Companls operations, induding support costs and costs r8lating to the governance of the CL¥npany apportioned lo charitable activfties. Pag8 13
THE DEBRA REISS FOUNDATION {A Company Llmlled by Guarnntee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 ACCOUNTING POLICIES ICONTINUEDI 2.5 Inveslments Frxed asset investments affj a fomi of finanal instrument and are initkglly recognised al their transaction st and subsequ8nUy rn8asur8d al fair value at tha Balance Sheet dale, unless the value rAnnol be measured reliabty in whith case it is measured at cost less impainent. Investment gains and losses, whether reali5ed or unrEali8ed, are combined and presented as 'GainsllLossesl on investments. in the Statement of Finaneial Adiviii8s. 2.6 Interest receivable Interest on fvnds hekl on deposit is included wh7 recetvable 8nd the amount can b8 m8asured reliabty by the Company, this is rmiallY upon nclifirAtion of tho int8rest paid or payable by the bank, 2.7 Debtors Trade and other debtors ar8 rnISed at the settlemerrt amount after any trade disCnt offergj. Prgpayments aro v8lu&l at the amount pre net gf any trade discounts du6. 2.8 Cash at bank and in hand Cash al bank 8nd in hand indudes cash and sh¢Yt-Ie highty liquid investrnents vAlh a short maturity of three month8 or less the date of wuisitim or yning of the deposil or similar accounL 2.9 Liabiltties and provisions Liabilities are recognised when there 1$ an olga.0rt at the Balance Sheet dale as a resur( of a past event. it is probable that a Irar¢sfer of econcffiic benefrt will be required in settlement, and the amount f the setttemenl can be estimated rdk8bty. Liabilities are fecognised 8t Ihe amount that the company anticipates it WTII pay lo settle the debt or the amwnl it has rweNed as advanced payments for the 9(dS or services it must provide. 2.10 Flnandal instruments The Company only has financial ats and financial Ikgbilrties cf a kind that qualify as basic financial instruments. Basic financial instruments are initsalty recL¥Jnised attransaL*ion value and subsequentty measured at their settlement value. 2.11 Taxatlon The Ccxnpany 15 considered lo pass the tests set out in Paragraph 1 Schedule 6 Df the Finance Act 2010 and therefore it meets the definttion of a charitable company for UK corporation lax purposes. According, the Cornpany is potenlrdlty exempt from laxation in respect of income or capital gains recewed wl(hin Catories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of chargeab Gains Act 1992, to the extent that such income or gains are applied exdusively to tharitsble purposes. 2.12 Fund accountlng General funds are unrestricted funds wh(ch are avaiL9ble for use al the discretion of the Trustees in furtherance of th8 general objerAwes of the Corryjany and which have not been designated for other purposes. Page 14
THE DEBRA REISS FOUNDATION IA Company Llmlted by GuaTantee NOTES TOTHE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 ACCOUNTING POLICIES IcoKfiNUED) 2.13 Statement of Cash Flows Tha charilabb company is exempt from the requirement to produce a Statement of Cash Flows on thè grounds that it is a Sm1 Charity. INCOME FROM DONATIONS AND LEGACIES Unrestrlcted fundg 2023 Total funds 2023 Total funds 2022 Donalions 72,740 72,740 INVESTMEKf INCOME Unrestrlct&d fund5 2023 Totsl funds 2023 Invastm8nt income- dividends from listed investments Investment income- local cash Investment in1me- interest on other investrnerrts 238.266 1.667 128,128 238,266 1,667 128,128 368,tE1 368,061 uns1cled funds 2022 Total fvnds 2022 Investment in¢ome- dividends from listed investments Investment income- local Cash Investment income- interest on other investm 89,590 89,590 147.440 147,440 23T,599 237,599 15
THE DEBRA RE]SS FOUNDATION (A Company Llmlted by Guaranleg) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 ANALYSIS OF EXPENDITURE ON FUNDRAISING ACTMTIES Unrnstrlctsd funds 2023 Totsl funds 2023 Investment management fees Amounts wiirten off investments Supwt costs (note 5} Gov8mance costs (note 5> 49,068 49.068 1,623 8,400 1.623 8.400 59,091 69,091 UnstCted fvnds 2022 Tol funds 2022 Investment management fees Amounts wrrLten off investsnerrts Support costs Inole 5) Govern8nc8 costs (note 5) 46,270 16,000 1,716 46,270 16,000 1, 716 71.786 71, 786 Page 16
THE DEBRA REISS FOUNDATION (A Company Limlt•d by Guarantsel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 ANALYSIS OF SUPPORT AND GOVERNANCE COSTS General Governanc8 611PPOrt functlon 2023 2023 Total lunds 2023 Audit$, remuneration Bank charoes Subscriptions Sundry 8,4QO 8,400 302 869 452 302 452 1,623 8,400 10,023 Gonwal Gov8m8nc8 support functi()n 2022 2022 Tot nds 2022 Audit, remuneration Bank charges Subscription8 Sundry 213 213 702 702 1, 716 9,516 P4e 17
THE DEBRA REISS FOUNDATION IA Company Llmmed by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 ANALYSIS OF EXPENDITURE ON CHARITABLE ACTIVITIES Grants to Institution$ 2023 Total funds 2023 Advancing luCation and personal development RelEve poverty ¢y finawiol hardship Supporting disadvgnlaged cornmunrbe5 Promotion of public hearth 6,575 1,000 1,500 6,575 1,000 1,500 9,075 9,075 Grnnts lo InstituL(ons 2022 Tot81 fijnds 2022 Advancing L*10 and person devetoprnent Relieve pov8rty or finar1 hardship Supporting disadvanlrfed ccrfnmunibes Promotion of public health 3, 788 3,788 8.288 8,288 Page18
THE DEBRA REISS FOUNDATION (A Company Limited by Guarante81 NOTES TO ThE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 ANALYSIS OF EXPENDITURE ON CHARITABLE ACTIVITIES Summary by fund typg Unrestrlcted funds 2023 Total 2023 Advancing education and personal development Relieve povety or fina181 hardshp Supporbng disadvantaged communities Promotion of public health 6.575 168,413 1.500 6,575 168.413 1,500 176.488 176.488 un51CIed funds 2022 Tot 2022 Advancing education and peOnal devekynI Relievè povety or financlal hardship Surwrting disadvan crmmunib.as Prornotion of public health 8,270 36.684 2.500 3, 788 8,270 36,684 3, 788 51.242 5t,242 Page19
THE DEBRA REIS8 FOUNDATION (A Company Llmlled Guardntsel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 ANALYSIS OF EXPENDrruRE BY ACTivinES Activit185 Grant undertaken funding of dlractty activities 2023 2023 Total funds 2023 Advancing education and person81 devekymenl Relieve poverty or financi hardship Supwling disadvantaJed communiknes 6,575 1,0()J 1,SthJ 6.676 168A13 1,$00 167,413 167,413 9,075 176A88 undertaken Grant funding diwlly of 8Ctwities 2022 2022 Total funds 2022 Advancing lUcation and personal develc4)ment Relieve povety or financial hardship Supporting disadvantaged c(Mne$ Prnotion of public heatth 7,2TQ 35,684 8,270 36,684 2,500 3, 788 2,500 3,788 42,954 8,288 51,242 ANALYSIS OF DIRECT COSTS Advanclng education and Rellevg parsonal poverty or developmen flnanclal hardship 2023 Total funds 2023 2023 Provision of gwdslseMce8 Rent S8,176 72,740 34,827 1,670 58,176 72,740 34.827 1,670 Rates Travel costs 167,413 167,413 P4e 20
THE DEBPA REISS FOUNDATION IA Company Llmlted by Guarantse) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 ANALYSIS OF EXPENDITURE BY ACTIVITIES (contlnugdl ANALYSIS OF DIRECT COST8 Icontinuod) Direct costs- DiTrcl costs- Advancing Relie education and poverty or personal rinancial dev•nl hardship 2022 2022 Total funds 2022 Consultancy Provi8KJn of goodslserv 7.2TO 7.270 35.684 35, S84 7,270 42,954 10. AUDITORS. REMUNERATION 2023 2022 Feas payable lo the Comp8nls auditor for th8 audrt of th8 Companrfs annual accounts 7,8LKI 11. TRUSTEES. REMUNERATION AND EXPENSES During tha year. no Trustees rwed any r¢murteratn orother benefits12022,. £Nifj. Duriro th8 year ended 30 June 2023, rK• TNstee expenses have teen incuTrd12022.' £N). Page 21
TrIE DEBRA REISS FOUNDATION IA Company Umlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 12. FIXED ASSET INVESTMEPUS Othèr fixed Trado Investments Investments Totsl Cosi or valuatlon Al 1 July 2022 Addlions Diswsals Revaluations 4.515,689 3,769,386 14.080,0941 185,8751 1.594.858 119,070 6,110,547 3,888,456 14,080,094) 185.875) At 30 June 2023 4,119,106 1,713,928 5,833,034 Net book value At 30 June 2023 4.119.106 1,713.928 5,833.034 At 30 June 2022 4,515,689 I,4,858 6, 110,547 13. DEBTORS 2023 2022 Due wlthln one year Other debtors Prepayments and accnjed income 250.C 298 250,298 14. CREDITORS: Amounts falling due vhthln one year 2023 2022 Other GrltorS Accruals and (J8ferr8d inc& 32 16,200 16.297 7,832 Pwje 22
THE DEBRA REISS FOUNDATION {A Company Llmlted by Guarantse) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 15. STATEPAIENT OF FUNDS STATEMENT OF FUNDS- CURRENTYEAR Balance at I Juty 2022 Galnsl Balancè at 30 Expèndlturé (Losses) Juno 2023 Income Unrtsstrlcted funds Reserves 6.995,769 4401 1235,579) 1133.4971 7,067,494 STATEMENT OF FUNDS - PRIOR YEAR Balan 81 l Juty 2021 Gain Balanc8 at (Losses) 30 June 2022 InL¥)me E¥pendilure Unrgstrfctgd funds 7.484,589 237,599 (125,028) (601,391) 6,995, T69 16. RELATED PARTY TR4NSACTIONS During th8 prior year, the charitabl8 Corrpany entered into a agreement with 8 conn&cted company in order to access warehouse facilities to 8ssisI wth the sorbng of goods for donation lo other organisations. This was for a peppercom rent. As this constitutes donated facilities, an adjustment ha8 been rnade lo recognise the donation and equNalent eypense of £72,74012022.' £Ni4. The charitable Company has ncl entered into any relal&Y paty tranSaCtnS during the year, nor are there any outstanding baLqnces cwing betrveen related parties arKI ihe charitable Company al 30 June 2023 {2022.. £Ni4. Pago 23