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Ozer Umagen
Report and Financial Statements
For Year Ending 31 Jan 2021 Charity Number 1177689 (England & Wales)
Ozer Umagen
Contents
| Contents | |
|---|---|
| Page | |
| Legal and Administrative Information | 3 |
| Report of the Trustees | 4 and 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 |
| Notes forming part of the Balance Sheet | 8 |
| Independent Examiner’s Report | 9 |
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Trustees
Isaak Kohn
Isaac Lerner
Yosef Frieder
Administation Address
10 Rav Pinter Close
London N16 5BF
Charity Number 1177689
Bankers
Barclays Bank PLC Account No 43445267 Sort Code 20 76 90
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Report of the Trusees
The Trustees present their annual Report and Financial statements of the Charity for the Year Ending 31 January 2021.
The Trustees in office during the year were Mr Isaak Kohn, Mr Issak Lerner and Mr Yosef Frieder.
No Trustee nor any person connected with them received any remuneration during the year.
Status and Administration
The Charity constituted by CIO dated on 26 March 2018 and was registered on 26 March 2018.
Charitable Objects
The Charity was set up for the Advancement of the Orthodox Jewish Faith and in particular but not exclusively for supporting and providing for the Religious needs of Jewish patients in hospitals or care homes etc. Also the Charity provides advice to staff, Service users, carers and providers about the religious needs of such patients.
Reserves Policy
The Trustees retain reserves as necessary and where appropriate, consolidate funds in order to make more substantial grants which they feel to be appropriate.
Responsibilities of the Trustees
Charity Law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity as at the Balance sheet date, and of its incoming resources, including income and expenditure for the financial year.
In preparing those financial statements the Trustees should follow best practice and;
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a. Select suitable accounting policies and apply them consistently
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b. Make judgements and estimates that are reasonable and prudent
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c. Follow applicable accounting standards and the Charities SORP 2008, disclosing and explaining any departures in the financial statements
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d. Prepare the financial statements on the going concern basis unless it is inappropriate to assume that the charity will continue in operation.
The Trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity, and to enable them as Trustees to ensure that the Financial Statements comply with Charity Law.
The Trustees are also responsible for safeguarding the charity’s assets and hence for taking reasonable steps for the detection of fraud and other irregularities.
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Board of Trustees
The Members of the board are set out in Page 3
Political and Charitable Donations
During the year the Charity made no donations £0
Approved by the Trustees of Ozer Umagen 30 November 2021 and signed on behalf of all of them
Trustee
Mr Isaak Kohn
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Statement of Financial Activities for the Year Ending 31 January 2021
| Incoming Recources Voluntary Income 2 Resources Expended Advertising Travel Refreshments Office Expense Total Expenditure Nett Incoming Resources for Year Accumalated Funds Balance Brought Forward Balance Carried Forward |
2021 £ 1771 0 33 927 745 1705 66 81 147 |
2020 £ 1400 822 139 358 0 |
|---|---|---|
| 1319 | ||
| 81 | ||
| 0 | ||
| 81 |
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Balance Sheet 31 January 2021
----- Start of picture text -----
Current Assets
2021 2020
£ £
Cash at Bank 147 81
Nett Assets 147 81
0
Unrestricted Funds Balance B/F 81 0
Unrestricted Funds 147 81
----- End of picture text -----
The Financial Statements were approved by the Trustees on 30 November 2021 And signed on its behalf by
Isaak Kohn
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Notes to the Accounts
- Principal accounting policies
Basis of Accounting
The accounts have been prepared under the historical cost convention in accordance with the Charities Act (Accounts and reports) 2005, and the Financial Reporting Standard for Smaller Entities (effective April 2008) and follow the recommendations in Accounting and Reporting by Charities: Statement of Recommended Practice (Issued October 2005 and revised May 2008)
Cash Flow
The accounts do not include a cash flow statement because the charity as a small reporting entity is exempt from the requirement to prepare such a statement.
Donations and Fund Accounting
Donations and grants for activities restricted by donors are taken to restricted funds if the wishes and conditions of the donor are legally binding on the Trustees.
Resources Expended
Resources Expended are accounted for on accrual basis. Certain expenditure is apportioned to cost categories based on estimated amount attributable to that activity in the Year.
The irrecoverable element of VAT is included with the item of expense to which it relates.
2. Voluntary Income
2021 2020 £ £ 1771 1400
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Independent Examiners Report to the Trustees
We report on the financial statements of Ozer Umagen for the Year Ending 31 January 2021.
Respective Responsibilities of Trustees and Reporting Accountants
The Trustees of the charity are responsible for the preparation of the accounts, and they consider the audit requirement of section 144 of the Charities Act 2011 (The Act) does not apply. It is our responsibility to state, on the basis of the procedures specified in the General Directions given by the Charity Commissioners under section 249 of the Act, whether particular matters have come to our attention.
Basis of Independent Examiners Report
Our Examination was carried out in accordance with the General Directions given by the Charity Commission.
An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as the trustees concerning any such matters.
These procedures provide only the assurance expressed in our opinion.
The procedures undertaken do not provide all the evidence that would be required in an audit and consequently we do not express an audit opinion on the view given by the accounts.
Opinion
In our opinion, no matter has come to our attention;
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1) Which gives us reasonable cause to believe that, in any material respect, the requirements
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a) To keep accounting records in accordance with section 130 of the act, and
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b) To prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act have not been met; or
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2) To which, in our opinion, attention should be drawn in order to enable understanding of the accounts to be reached.
Reporting Examiner
Naphtolie Padwa
39 Watermint Quay
London
N16 6DN
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