REGISTERED CHARITY NUMBER: 1169519
REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2020
FOR
THE BL MINYAN
Melinek Fine LLP Chartered Accountants First Floor, Winston House 349 Regents Park Road London N3 1DH
THE BL MINYAN
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2020
| Page | |
|---|---|
| Report of the Trustees | 1 |
| Statement of Financial Activities | 2 |
| Balance Sheet | 3 |
| Notes to the Financial Statements | 4 to 5 |
THE BL MINYAN
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2020
The trustees present their report with the financial statements of the charity for the year ended 30 June 2020. 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 objectives of the charity are to promote religious worship in accordance with the Jewish faith, to promote the study of the Jewish religion, the advancement of the Jewish faith and the advancement of such other charitable purposes as the directors may from time to time determine.
The main activities for the year were to obtain donations from individuals and institutions and utilise these funds to enable the charity to pursue its objectives.
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.
ACHIEVEMENT AND PERFORMANCE
Fundraising activities
The charity is satisfied with its overall achievements and performance during the year and has continued to meet its objectives.
FINANCIAL REVIEW
Reserves policy
It is the policy of the charity to maintain unrestricted funds, which are the free reserves of the charity, at a level which the trustees think appropriate after considering the future commitments of the charity and the likely administrative costs of the charity for the next year.
FUTURE PLANS
The charity plans continuing the activities outlined above in the forthcoming years subject to satisfactory incoming resources.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1169519
Principal address
First Floor Winston House 349 Regents Park Road London N3 1DH
Trustees
Mr A Y Melinek Mr Y Z Sonnenfeld Rabbi Y M Elzas
Approved by order of the board of trustees on 22 April 2021 and signed on its behalf by:
Mr A Y Melinek - Trustee
Page 1
THE BL MINYAN
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2020
| 2020 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 8,643 EXPENDITURE ON Charitable activities Charitable activities 8,367 NET INCOME/(EXPENDITURE) 276 RECONCILIATION OF FUNDS Total funds brought forward 28,535 TOTAL FUNDS CARRIED FORWARD 28,811 |
2019 Total funds £ 15,025 19,424 (4,399) 32,934 28,535 |
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The notes form part of these financial statements
Page 2
THE BL MINYAN
BALANCE SHEET
30 JUNE 2020
| 2020 Unrestricted fund Notes £ FIXED ASSETS Tangible assets 3 25,500 CURRENT ASSETS Cash at bank 3,311 NET CURRENT ASSETS 3,311 TOTAL ASSETS LESS CURRENT LIABILITIES 28,811 NET ASSETS 28,811 FUNDS Unrestricted funds 28,811 TOTAL FUNDS 28,811 |
2019 Total funds £ 27,000 1,535 1,535 28,535 28,535 28,535 28,535 |
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The financial statements were approved by the Board of Trustees and authorised for issue on 22 April 2021 and were signed on its behalf by:
Mr A Y Melinek - Trustee
The notes form part of these financial statements
Page 3
THE BL MINYAN
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2020
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.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - Straight line over 20 years
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. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30 June 2020 nor for the year ended 30 June 2019.
Trustees' expenses
There were no trustees' expenses paid for the year ended 30 June 2020 nor for the year ended 30 June 2019.
continued...
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THE BL MINYAN
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2020
3. TANGIBLE FIXED ASSETS
| COST At 1 July 2019 and 30 June 2020 DEPRECIATION At 1 July 2019 Charge for year At 30 June 2020 NET BOOK VALUE At 30 June 2020 At 30 June 2019 |
Fixtures and fittings £ 30,000 3,000 1,500 4,500 25,500 27,000 |
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4. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 30 June 2020.
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