REGISTERED CHARITY NUMBER: 1179792
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021
FOR
M.E.B.
Venitt and Greaves Chartered Accountants 115 Craven Park Road South Tottenham London N15 6BL
M.E.B.
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Statement of Financial Position | 5 | ||
| Notes to the Financial Statements | 6 | to | 9 |
M.E.B.
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2021
The trustees present their report with the financial statements of the charity for the year ended 30 September 2021. 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
(I) TO PROVIDE OR ASSIST IN THE PROVISION OF FACILITIES IN THE INTERESTS OF SOCIAL WELFARE FOR RECREATION OR OTHER LEISURE TIME OCCUPATION OF INDIVIDUALS WHO HAVE NEED OF SUCH FACILITIES BY REASON OF THEIR AGE, INFIRMITY OR DISABILITY, FINANCIAL HARDSHIP OR SOCIAL CIRCUMSTANCES WITH THE OBJECT OF IMPROVING THEIR CONDITIONS OF LIFE.
(II) TO RELIEVE FINANCIAL HARDSHIP, EITHER GENERALLY OR INDIVIDUALLY, BY MAKING GRANTS OF MONEY FOR PROVIDING OR PAYING FOR ITEMS SERVICES OR FACILITIES.
(III) TO PROMOTE AND ADVANCE THE EDUCATION OF CHILDREN AND YOUNG PEOPLE AND TO DEVELOP THEIR CAPACITY AND SKILLS, IN PARTICULAR BUT NOT EXCLUSIVELY BY THE PROVISION OF TRAINING COURSES WITH A VIEW TO ENABLING THEM TO ENHANCE THEIR PROSPECTS OF EMPLOYMENT AND CONDITIONS OF LIFE AND TO PARTICIPATE MORE FULLY IN SOCIETY.
(IV) TO PROMOTE ANY OTHER EXCLUSIVELY CHARITABLE OBJECTS AND PURPOSES AS THE TRUSTEES SEE FIT, PROVIDED THAT THEY ARE REGARDED AS CHARITABLE BY THE LAW OF ENGLAND AND WALES.
Public benefit
The Trustees have taken due heed of their obligations relating to Public Benefit Duty affecting charities, as well as to their obligations under the Equalities Act 2010. The Trustees are satisfied that they meet their obligations.
Grantmaking
Grants are made at the discretion of the trustees and in accordance with the objectives of the charity.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
During the year the charity received donations totalling £244,903 (2020: £130,158) and made grants totalling £23,327 (2020: £18,967).
FINANCIAL REVIEW
Reserves policy
The reserves policy is to ensure that there is a sufficient stream of income to meet the ongoing calls made on the charity.
FUTURE PLANS
The charity intends to carry on its policy of making grants in pursuant of its objects, and continue its activities, as outlined above, for the foreseeable future.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a constitution, and constitutes a charitable incorporated organization.
Recruitment and appointment of new trustees
It is not currently the intention of the trustees of the charity to appoint new trustees. Should this situation change in the future, the trustees will apply suitable recruitment and training procedures.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
Page 1
M.E.B.
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2021
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1179792
Principal address
13 Forburg Road London N16 6HP
Trustees
Y B Rosenbaum J Bransdorfer M Stern
Independent Examiner
M A Venitt A.C.A. Venitt and Greaves Chartered Accountants 115 Craven Park Road South Tottenham London N15 6BL
Approved by order of the board of trustees on 13 July 2022 and signed on its behalf by:
J Bransdorfer - Trustee
Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF M.E.B.
Independent examiner's report to the trustees of M.E.B.
I report to the charity trustees on my examination of the accounts of M.E.B. (the Trust) for the year ended 30 September 2021.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
M A Venitt A.C.A. Venitt and Greaves Chartered Accountants 115 Craven Park Road South Tottenham London N15 6BL
13 July 2022
Page 3
M.E.B.
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2021
| 30.9.21 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 244,903 EXPENDITURE ON Charitable activities Charitable activities 124,094 Other 1,815 Total 125,909 NET INCOME 118,994 RECONCILIATION OF FUNDS Total funds brought forward 59,170 TOTAL FUNDS CARRIED FORWARD 178,164 |
30.9.20 Total funds £ 130,158 72,776 3,435 |
|---|---|
| 76,211 | |
| 53,947 5,223 |
|
| 59,170 |
The notes form part of these financial statements
Page 4
M.E.B.
STATEMENT OF FINANCIAL POSITION 30 SEPTEMBER 2021
| 30.9.21 Unrestricted fund Notes £ FIXED ASSETS Tangible assets 4 5,525 CURRENT ASSETS Debtors 5 172,415 Cash at bank 3,182 175,597 CREDITORS Amounts falling due within one year 6 (2,958) NET CURRENT ASSETS 172,639 TOTAL ASSETS LESS CURRENT LIABILITIES 178,164 NET ASSETS 178,164 FUNDS 7 Unrestricted funds 178,164 TOTAL FUNDS 178,164 |
30.9.20 Total funds £ - 54,418 6,733 61,151 (1,981) 59,170 59,170 59,170 59,170 59,170 |
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 13 July 2022 and were signed on its behalf by:
Y B Rosenbaum - Trustee
M Stern - Trustee
The notes form part of these financial statements
Page 5
M.E.B.
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021
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.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
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
- 15% on reducing balance
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 September 2021 nor for the year ended 30 September 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 30 September 2021 nor for the year ended 30 September 2020.
Page 6
continued...
M.E.B.
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2021
3. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | ||
|---|---|---|
| fund | ||
| £ | ||
| INCOME AND ENDOWMENTS FROM | ||
| Donations and legacies | 130,158 | |
| EXPENDITURE ON | ||
| Charitable activities | ||
| Charitable activities | 72,776 | |
| Other | 3,435 | |
| Total | 76,211 | |
| NET INCOME | 53,947 | |
| RECONCILIATION OF FUNDS | ||
| Total funds brought forward | 5,223 | |
| TOTAL FUNDS CARRIED FORWARD | 59,170 | |
| 4. | TANGIBLE FIXED ASSETS | |
| Fixtures | ||
| and | ||
| fittings | ||
| £ | ||
| COST | ||
| Additions | 6,500 | |
| DEPRECIATION | ||
| Charge for year | 975 | |
| NET BOOK VALUE | ||
| At 30 September 2021 | 5,525 | |
| At 30 September 2020 | - |
continued...
Page 7
M.E.B.
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2021
| 5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other debtors 6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Taxation and social security Other creditors 7. MOVEMENT IN FUNDS At 1.10.20 £ Unrestricted funds General fund 59,170 TOTAL FUNDS 59,170 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 244,903 TOTAL FUNDS 244,903 Comparatives for movement in funds At 1.10.19 £ Unrestricted funds General fund 5,223 TOTAL FUNDS 5,223 |
30.9.21 30.9.20 £ £ 172,415 54,418 30.9.21 30.9.20 £ £ 47 47 2,911 1,934 2,958 1,981 Net movement At in funds 30.9.21 £ £ 118,994 178,164 118,994 178,164 Resources Movement expended in funds £ £ (125,909) 118,994 (125,909) 118,994 Net movement At in funds 30.9.20 £ £ 53,947 59,170 53,947 59,170 |
|---|---|
continued...
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M.E.B.
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2021
7. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 130,158 130,158 |
Resources Movement expended in funds £ £ (76,211) 53,947 (76,211) 53,947 |
Resources Movement expended in funds £ £ (76,211) 53,947 (76,211) 53,947 |
|---|---|---|---|
| 53,947 |
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
At 1.10.19 £ 5,223 5,223 |
Net movement in funds £ 172,941 172,941 |
At 30.9.21 £ 178,164 |
|---|---|---|---|
| 178,164 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 375,061 375,061 |
Resources Movement expended in funds £ £ (202,120) 172,941 (202,120) 172,941 |
Resources Movement expended in funds £ £ (202,120) 172,941 (202,120) 172,941 |
|---|---|---|---|
| 172,941 |
8. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 30 September 2021.
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