REGISTERED CHARITY NUMBER: 1182965
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
FOR
KINYAN HATORAH UK
DAS Accounting Services Ltd 105 Eade Road OCC Building A 2nd Floor Unit 11a London N4 1TJ
KINYAN HATORAH UK
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
| 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 |
KINYAN HATORAH UK
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021
The trustees present their report with the financial statements of the charity for the year ended 31 March 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
The charity's objectives are to further those purposes both in the United Kingdom and abroad recognised as charitable by English Law.
The primary objective of the charity, although not restricted to, is the advancement of the Jewish faith through establishing, managing and supporting a Jewish education centre in North West London and through the holding of educational events, public lectures, educational trips to Israel and celebrations of religious festivals.
The charity receives income mainly from charitable donations, which it utilises in the provision and distribution of grants and donations.
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.
Grantmaking
Grants are made to needy individuals in accordance with the objects of the charity.
In making decisions in regards to the allocation of grants and donations, the trustees use their personal knowledge of the individuals. The amount of the grant and donation granted is based on the level of funds available.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
During the year the charity pursued its charitable objects.
Income from donations aggregated £55,951(2020: £43,708) and total resources expended was £51,414 (2020: £38,744) resulting in a net surplus of £4,537 (2020: £4,964).
FINANCIAL REVIEW
Financial position
The financial results of the charity for the year ending 31 March 2021 are fully reflected in the attached Financial Statements together with the Notes thereon.
The trustees are satisfied with the results for the year.
As at 31 March 2021, the charity had unrestricted funds of £9,501 (2020: £4,964).
Reserves policy
It is the policy of the charity to maintain unrestricted funds, which include 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 costs of the charity for the next year.
FUTURE PLANS
The future plans of the charity are to continue supporting the advancement of the Jewish faith and religion, whilst ensuring that the ability to generate sufficient income is maintained to achieve that end.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
Page 1
KINYAN HATORAH UK
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021
STRUCTURE, GOVERNANCE AND MANAGEMENT Organisational structure
New trustees are appointed based on personal competence, specialist skills and availability. New trustees are inducted into the workings of the charity by the existing trustees.
The trustees administer the day-to-day affairs of the charity. None of the trustees have any beneficial interest in the charity.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number
1182965
Principal address
29 Western Avenue London NW11 9EY
Trustees
Mr L M Isaacs Mr J D Ben-Zion Mr B J Cohen
Independent Examiner
Pesach Davidoff FCCA DAS Accounting Services Ltd 105 Eade Road OCC Building A 2nd Floor Unit 11a London N4 1TJ
Approved by order of the board of trustees on 18 January 2022 and signed on its behalf by:
Mr L M Isaacs - Trustee
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF KINYAN HATORAH UK
Independent examiner's report to the trustees of Kinyan Hatorah UK
I report to the charity trustees on my examination of the accounts of Kinyan Hatorah UK (the Trust) for the year ended 31 March 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.
Pesach Davidoff FCCA DAS Accounting Services Ltd 105 Eade Road OCC Building A 2nd Floor Unit 11a London N4 1TJ
18 January 2022
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KINYAN HATORAH UK
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021
| Period | |||
|---|---|---|---|
| 12.4.19 | |||
| Year Ended | to | ||
| 31.3.21 | 31.3.20 | ||
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| INCOME AND ENDOWMENTS FROM | |||
| Donations and legacies | 55,951 | 43,708 | |
| EXPENDITURE ON | |||
| Charitable activities | 2 | ||
| Charitable activities | 51,025 | 38,744 | |
| NET INCOME | 4,926 | 4,964 | |
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | 4,964 | - | |
| TOTAL FUNDS CARRIED FORWARD | 9,890 | 4,964 | |
The notes form part of these financial statements
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KINYAN HATORAH UK
BALANCE SHEET 31 MARCH 2021
| 2021 Unrestricted fund Notes £ CURRENT ASSETS Cash at bank 11,230 CREDITORS Amounts falling due within one year 7 (1,729) NET CURRENT ASSETS 9,501 TOTAL ASSETS LESS CURRENT LIABILITIES 9,501 NET ASSETS 9,501 FUNDS 8 Unrestricted funds 9,501 TOTAL FUNDS 9,501 |
2020 Total funds £ 6,476 (1,512) 4,964 4,964 4,964 4,964 4,964 |
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 18 January 2022 and were signed on its behalf by:
Mr L M Isaacs - Trustee
The notes form part of these financial statements
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KINYAN HATORAH UK
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 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.
Governance costs
Governance costs include cost of the preparation and independent examination of financial statements and cost of any legal advice to trustees on governance or constitutional matters.
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. The charity had no restricted funds as at 31 March 2021.
Pension costs and other post-retirement benefits
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
Financial instruments
Basic financial instruments are classified at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
continued...
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KINYAN HATORAH UK
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021
2. CHARITABLE ACTIVITIES COSTS
| CHARITABLE ACTIVITIES COSTS | ||||
|---|---|---|---|---|
| Charitable activities SUPPORT COSTS Management £ Charitable activities 2,674 INDEPENDENT EXAMINER'S REMUNERATION |
Support Direct costs (see Costs note 3) £ £ 46,801 4,224 Governance Finance costs £ £ 38 1,512 |
Totals £ 51,025 Totals £ 4,224 |
||
| Fees payable for the independent examination of the charity's financial statement | £ 1,901 |
3.
4. INDEPENDENT EXAMINER'S REMUNERATION
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2021 nor for the period ended 31 March 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2021 nor for the period ended 31 March 2020.
6. STAFF COSTS
The average monthly number of employees during the year were 4.
Total wages and salaries costs for the period was £15,491.
7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Trade creditors Other creditors |
2021 £ 39 1,690 1,729 |
2020 £ - 1,512 1,512 |
|---|---|---|
continued...
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KINYAN HATORAH UK
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021
8. MOVEMENT IN FUNDS
| MOVEMENT IN FUNDS | ||||
|---|---|---|---|---|
| Net | ||||
| movement | At | |||
| At 1.4.20 | in funds | 31.3.21 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 4,964 | 4,537 | 9,501 | |
| TOTAL FUNDS | 4,964 | 4,537 | 9,501 | |
| Net movement in funds, included in the above are as follows: | ||||
| Unrestricted funds | Incoming resources £ |
Resources expended £ |
Movement in funds £ |
|
| General fund | 55,951 | (51,414) | 4,537 | |
| TOTAL FUNDS | 55,951 | (51,414) | 4,537 | |
| Comparatives for movement in funds | ||||
| Unrestricted funds | Net movement in funds £ |
At 31.3.20 £ |
||
| General fund | 4,964 | 4,964 | ||
| TOTAL FUNDS | 4,964 | 4,964 | ||
| Comparative net movement in funds, included in the above are as follows: | ||||
| Unrestricted funds | Incoming resources £ |
Resources expended £ |
Movement in funds £ |
|
| General fund | 43,708 | (38,744) | 4,964 | |
| TOTAL FUNDS | 43,708 | (38,744) | 4,964 | |
continued...
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KINYAN HATORAH UK
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021
9. RELATED PARTY DISCLOSURES
No related party transactions were undertaken for the year ended 31 March 2021 that are required to be disclosed under the Charities SORP (FRS102).
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