``` 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 ```