REGISTERED CHARITY NUMBER: 1170844
Report of the Trustees and
Unaudited Financial Statements for the Year Ended
31 December 2020
for
THE MARK GLASER FOUNDATION
Sandison Lang Limited
2 St Marys Road
Tonbridge
Kent
TN9 2LB
THE MARK GLASER FOUNDATION
Contents of the Financial Statements
for the Year Ended 31 December 2020
|
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 |
Detailed Statement of Financial Activities |
10 |
THE MARK GLASER FOUNDATION
Report of the Trustees
for the Year Ended 31 December 2020
Thetrusteespresenttheirreportwiththefinancialstatementsofthecharityfortheyear ended
31 December2020.The trusteeshaveadoptedthe provisionsof the Statementof Recommended Practice
(SORP) 'Accounting and Reporting by Charities' issued in March 2005.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1170844
Principal address
Colman Coyle Solicitors
Wells House
80 Upper Street
London
N1 0NU
Trustees
Professor M G Glaser
N V Curbison
R Coyle
I Felice
Independent examiner
Ryan Cottington FCCA
ACCA
Sandison Lang Limited
2 St Marys Road
Tonbridge
Kent
TN9 2LB
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
Thecharityiscontrolledbyitsgoverningdocument,adeedoftrust,andconstitutesan unincorporated
charity.
Risk management
Thetrusteeshaveadutytoidentifyandreviewtheriskstowhichthecharityisexposedandto ensure
appropriate controls are in place to provide reasonable assurance against fraud and error.
OBJECTIVES AND ACTIVITIES
Objectives and aims
-
1.Advancement of the Jewish Religion.
-
2.To promote harmony, tolerance and understanding between people of different religions
-
3.To promote research into causes and treatment of all types of cancer
4. The relief of persons in need suffering from cancer and other diseases.
Page 1
THE MARK GLASER FOUNDATION
Report of the Trustees
for the Year Ended 31 December 2020
OBJECTIVES AND ACTIVITIES
Significant activities
During2020,theTrusteeswere concernedwith the financialimpactof the Covidpandemicon people, both
intheUKandIsrael,andsoughttoalleviateimmediatefinancialneed,aswellasdonatingto various
organisations promoting the Jewish religion.
FINANCIAL REVIEW
Reserves policy
Maintain sufficient reserves to cover the running expenses of the charity.
FUTURE DEVELOPMENTS
Into 2021,the Trusteesremainconcernedby the ongoingimpactof the pandemicand will continueto look
at ways of alleviating need
Approved by order of the board of trustees on 28 June 2021 and signed on its behalf by:
Professor M G Glaser - Trustee
Page 2
Independent Examiner's Report to the Trustees of
The Mark Glaser Foundation
I report on the accounts for the year ended 31 December 2020, which are set out on pages four to nine.
Responsibilities and basis of report
Asthecharity'strusteesyouareresponsibleforthepreparationoftheaccountsinaccordancewith the
requirements of the Charities Act 2011 ('the Act').
I haveexaminedyourcharity'saccountsas requiredunder section145of the CharitiesAct 2011('the Act').
IncarryingoutmyexaminationIhavefollowedtheDirectionsgivenbytheCharityCommission under
section 145(5)(b) of the 2011 Act.
My role is to state whether any material matters have come to my attention giving me cause to believe:
1. that accounting records were not kept as required by section 130 of the Act; or
2. that the accounts do not accord with those records; or
3. that the accounts do not comply with the accounting requirements of the Act; or
4. that there is further information needed for a proper understanding of the accounts.
Independent examiner's statement
Ihavecompletedmyexaminationandhavenoconcernsinrespectofthematters(1)to(4)listed above
and,inconnectionwithfollowingtheDirectionsoftheCharityCommissionIhavefoundnomatters that
require drawing to your attention.
Ryan Cottington FCCA
ACCA
Sandison Lang Limited
2 St Marys Road
Tonbridge
Kent
TN9 2LB
28 June 2021
Page 3
THE MARK GLASER FOUNDATION
Statement of Financial Activities
for the Year Ended 31 December 2020
2020
Unrestricted
fund
Notes
£
INCOMING RESOURCES
Incoming resources from generated funds
Voluntary income
980,000
Investment income
2
206
Total incoming resources
980,206
RESOURCES EXPENDED
Costs of generating funds
Fundraising trading: cost of goods sold and
other costs
25,200
Governance costs
14,888
Other resources expended
5,067
Total resources expended
45,155
NET INCOMING RESOURCES
935,051
RECONCILIATION OF FUNDS
Total funds brought forward
318
TOTAL FUNDS CARRIED FORWARD
935,369 |
2019
Total
funds
£
4,000
1 |
|
4,001
-
504
- |
|
504 |
|
3,497
921 |
|
4,418 |
The notes form part of these financial statements
Page 4
THE MARK GLASER FOUNDATION
Balance Sheet
At 31 December 2020
2020
Unrestricted
fund
Notes
£
FIXED ASSETS
Tangible assets
4
500,000
CURRENT ASSETS
Cash at bank
64,197
CREDITORS
Amounts falling due within one year
5
(1,500)
NET CURRENT ASSETS
62,697
TOTAL ASSETS LESS CURRENT LIABILITIES
562,697
NET ASSETS
562,697
FUNDS
6
Unrestricted funds
562,697
TOTAL FUNDS
562,697 |
2019
Total
funds
£
-
318
- |
|
318 |
|
318 |
|
318 |
|
318 |
|
318 |
Thefinancialstatementswereapprovedby theBoardofTrusteeson28June2021andweresignedon its
behalf by:
Professor M G Glaser -Trustee
The notes form part of these financial statements
Page 5
THE MARK GLASER FOUNDATION
Notes to the Financial Statements
for the Year Ended 31 December 2020
1. ACCOUNTING POLICIES
Accounting convention
Thefinancialstatementshavebeenpreparedunderthehistoricalcostconvention,and in
accordancewiththeFinancialReportingStandardforSmallerEntities(effectiveApril2008), the
CharitiesAct2011andtherequirementsoftheStatementofRecommendedPractice, Accounting
and Reporting by Charities.
Incoming resources
AllincomingresourcesareincludedontheStatementofFinancialActivitieswhenthecharity is
legally entitled to the income and the amount can be quantified with reasonable accuracy.
Resources expended
Expenditureisaccountedforonanaccrualsbasisandhasbeenclassifiedunderheadings that
aggregateallcostrelatedtothecategory.Wherecostscannotbedirectlyattributedto particular
headings they have been allocated to activities on a basis consistent with the use of resources.
Grantsofferedsubjecttoconditionswhichhavenotbeenmetattheyearenddatearenotedas a
commitment but not accrued as expenditure.
Tangible fixed assets
Depreciationisprovidedatthefollowingannualratesinordertowriteoffeachassetover its
estimated useful life.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestrictedfundscanbe usedin accordancewiththecharitableobjectivesat thediscretionof the
trustees.
Restrictedfunds can only be used for particularrestrictedpurposeswithin the objectsof the charity.
Restrictionsarisewhenspecifiedbythedonororwhenfundsareraisedforparticular restricted
purposes.
Furtherexplanationofthenatureandpurposeofeachfundis includedin thenotestothe financial
statements.
2. INVESTMENT INCOME
|
2020 |
2019 |
|
£ |
£ |
Deposit account interest |
206 |
1 |
Page 6
THE MARK GLASER FOUNDATION
Notes to the Financial Statements - continued
for the Year Ended 31 December 2020
3. TRUSTEES' REMUNERATION AND BENEFITS
Therewerenotrustees'remunerationorotherbenefitsfortheyearended31December2020 nor
for the year ended 31 December 2019.
Trustees' expenses
There were no trustees'expensespaid for the year ended 31 December2020nor for the year ended
31 December 2019 .
4. TANGIBLE FIXED ASSETS
Freehold
property
£
COST
Additions
500,000
NET BOOK VALUE
At 31 December 2020
500,000
At 31 December 2019
-
5.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020
2019
£
£
Other creditors
1,500
-
6.
MOVEMENT IN FUNDS
Net
movement
At 1/1/20
in funds
At 31/12/20
£
£
£
Unrestricted funds
General fund
318
562,379
562,697
TOTAL FUNDS
318
562,379
562,697 |
Freehold
property
£
500,000 |
Freehold
property
£
500,000 |
|
500,000 |
|
|
|
- |
|
|
2019
£
- |
|
562,697 |
|
Page 7
THE MARK GLASER FOUNDATION
Notes to the Financial Statements - continued for the Year Ended 31 December 2020
6. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
|
Incoming |
Resources |
Movement |
Movement |
|
resources |
expended |
in funds |
|
|
£ |
£ |
|
£ |
Unrestricted funds |
|
|
|
|
General fund |
980,206 |
(417,827) |
562,379 |
|
TOTAL FUNDS |
980,206 |
(417,827) |
562,379 |
|
Comparatives for movement in funds |
|
|
|
|
|
|
Net |
|
|
|
|
movement |
|
|
|
At 1/1/19 |
in funds |
At 31/12/19 |
|
|
£ |
£ |
|
£ |
Unrestricted Funds |
|
|
|
|
General fund |
921 |
(603) |
|
318 |
TOTAL FUNDS |
921 |
(603) |
|
318 |
|
|
|
|
|
|
|
|
|
|
Comparative net movement in funds, included in the |
above are as follows: |
|
|
|
|
Incoming |
Resources |
Movement |
|
|
resources |
expended |
in funds |
|
|
£ |
£ |
|
£ |
Unrestricted funds |
|
|
|
|
General fund |
4,001 |
(4,604) |
|
(603) |
TOTAL FUNDS |
4,001 |
(4,604) |
|
(603) |
|
|
|
|
|
Page 8
THE MARK GLASER FOUNDATION
Notes to the Financial Statements - continued
for the Year Ended 31 December 2020
6. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
|
|
Net |
|
|
|
movement |
|
|
At 1/1/19 |
in funds |
At 31/12/20 |
|
£ |
£ |
£ |
Unrestricted funds |
|
|
|
General fund |
921 |
561,776 |
562,697 |
TOTAL FUNDS |
921 |
561,776 |
562,697 |
Acurrentyear12monthsandprioryear12monthscombinednetmovementinfunds,included in
the above are as follows:
|
Incoming |
Resources |
Movement |
|
resources |
expended |
in funds |
|
£ |
£ |
£ |
Unrestricted funds |
|
|
|
General fund |
984,207 |
(422,431) |
561,776 |
TOTAL FUNDS |
984,207 |
(422,431) |
561,776 |
Page 9
THE MARK GLASER FOUNDATION
Detailed Statement of Financial Activities
for the Year Ended 31 December 2020
INCOMING RESOURCES
Voluntary income
Donations
Gift aid
Investment income
Deposit account interest
Total incoming resources
RESOURCES EXPENDED
Fundraising trading: cost of goods sold and other costs
Loss on sale of tangible fixed assets
Charitable activities
Grants to individuals
Governance costs
Accountancy
Legal fees
Support costs
Finance
Bank charges
Total resources expended
Net income/(expenditure) |
2020
£
980,000
-
980,000
206
980,206
25,200
372,672
1,500
13,388
14,888
5,067
417,827
562,379 |
2019
£
2,750
1,250
4,000
1
4,001
-
4,100
504
-
504
-
4,604
(603) |
|
|
|
This page does not form part of the statutory financial statements
Page 10