## **Ner Yisrael Gemach** **Charity No. 1184874** ## **Trustees' Report and Unaudited Accounts** **05 April 2022** **Ner Yisrael Gemach Contents** ||Pages| |---|---| |Trustees' Annual Report|2 to 3| |Independent Examiner's Report|4| |Statement of Financial Activities|5| |Balance Sheet|6| |Notes to the Accounts|7 to 12| |Detailed Statement of Financial Activities|13| Page 1 **Ner Yisrael Gemach Trustees Annual Report** The trustees present their report with the unaudited financial statements of the charity for the year ended 5 April 2022. ## **REFERENCE AND ADMINISTRATIVE DETAILS** ## **Charity No. 1184874** ## **Principal Office** Ner Yisrael Community Centre The Crest London NW4 2HY ## **Trustees** The following trustees served during the year: P. Blank A. Goldberg D. Lauber ## **Accountants** Lealindis Limited 71 London Road Newark NG24 1RZ ## **OBJECTIVES AND ACTIVITIES** Its objectives are to provide relief of financial hardship, either generally or individually, in particular, but not exclusively, of the Jewish community living in the vicinity of the Ner Yisrael Synagogue and the surrounding areas, by making grants of money for providing or paying for items, services or facilities. The trustees are pleased with the level of donations received during the charity's third period of activity. The trustees confirm that they have given due consideration to the Charity Commission's guidance on the public benefit requirement. ## **FINANCIAL REVIEW** The excess of expenditure over income for the year amounted to a deficit of £38,280 (2021:surplus £130,738). This will be deducted from the reserves which now stand at £123,206 (2021: £161,486). The trustees are of the opinion that as the charity enjoys continuing support from several donors that it is appropriate for the Going Concern basis to be used. ## **PLANS FOR FUTURE PERIODS** Whilst the charity has no ongoing commitments the trustees are looking to maintain or increase the level of donor contributions in the coming year, thus enabling the charity to continue to provide grants as needed. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** Page 2 **Ner Yisrael Gemach Trustees Annual Report** The charity is controlled by its governing document and is constituted as a Charitable Incorporated Organisation. There must be at least three charity trustees. If the number falls below this minimum, the remaining trustees or trustees may act only to call a meeting of the charity trustees, or appoint a new charity trustee. The maximum number of charity trustees is five. Every trustee must be appointed by a resolution passed at a properly convened meeting of the charity trustees. In selecting individuals for appointment as charity trustees, the charity trustees must have regard to the skills, knowledge and experience needed for the effective administration of the charity. The above report has been prepared in accordance with the Charities SORP (FRS102). ## **Statement of trustees' responsibilities in relation to the financial statements** The charity trustees are responsible for preparing a trustees' annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities. Signed on behalf of the charity's trustees P. Blank Trustee 05 April 2022 Page 3 **Ner Yisrael Gemach Independent Examiners Report** ## **Independent Examiner's Report to the trustees of Ner Yisrael Gemach** I report to the trustees on my examination of the financial statements of Ner Yisrael Gemach for the year ended 5 April 2022 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and the related notes. ## **Responsibilities and basis of report** As the charity's trustees you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 ('the Act'). The trustees consider that an audit is not required for this year under the Charities Act 2011, s.144(2) of the Act and that an independent examination is needed. I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the 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 can 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: - the accounting records were not kept in respect of the charity as required by section 130 of the Act; or - the financial statements do not accord with those records; or - the financial statements do not comply with the applicable requirements concerning the form and content of the financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements 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 financial statements to be reached. Chris Wade ICAEW Lealindis Limited 71 London Road Newark NG24 1RZ 05 April 2022 Page 4 ## **Ner Yisrael Gemach Statement of Financial Activities** ## **for the year ended 5 April 2022** |**Notes**
**Income and endowments**
**from:**
Donations and legacies
3
Investments
4
**Total**
**Expenditure on:**
Charitable activities
5
Other
6
**Total**
Net gains on investments
**Net (expenditure)/income**
Transfers between funds
**Net (expenditure)/income**
**before other gains/(losses)**
**Other gains and losses**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**||**Unrestricted**
**funds**|**Restricted**
**funds**|**Total funds**|**Total funds**| |---|---|---|---|---|---| |||**2022**|**2022**|**2022**|**2021**| |||**£**|**£**|**£**|**£**| ||||||| |||124,423|9,498|133,921|185,665| |||11|-|11|2| |||124,434|9,498|133,932|185,667| ||||||| |||102,302|69,500|171,802|54,630| |||410|-|410|299| |||102,712|69,500|172,212|54,929| |||-|-|-|-| |||21,722|(60,002)|(38,280)|130,738| |||-|-|-|-| |||21,722|(60,002)|(38,280)|130,738| ||||||| |||21,722|(60,002)|(38,280)|130,738| ||||||| |||101,484|60,002|161,486|30,748| |||123,206|-|123,206|161,486| ||||||| ||||||| ||||||| Page 5 **Ner Yisrael Gemach Balance Sheet** **at 5 April 2022** |**Charity No. 1184874**
**Current assets**
Cash at bank and in hand
**Creditors:**Amount falling due within one year
8
**Net current assets**
**Total assets less current liabilities**
**Net assets excluding pension asset or liability**
**Total net assets**
**The funds of the charity**
**Restricted funds**
9
Restricted income funds
**Unrestricted funds**
9
General funds
**Total funds**
Approved by the trustees on 05 April 2022|**2022**
**£**
123,406
123,406
(200)
123,206
123,206
123,206
123,206
-
-
123,206
123,206
123,206|**2021**
**£**
161,887| |---|---|---| |||161,887
(401)| |||161,486
161,486| |||161,486| |||161,486| |||60,002| |||60,002
101,484| |||101,484| |||161,486| |||| And signed on their behalf by: P. Blank Trustee 05 April 2022 Page 6 **Ner Yisrael Gemach Notes to the Accounts** ## **for the year ended 5 April 2022** - 1 **Accounting policies** ## **Basis of preparation** The financial statements have been prepared in accordance with Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic if Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011. ## **Change in basis of accounting or to previous accounts** There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years. ## **Fund accounting** - Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity. - Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values. - Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal. ## **Income** - Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability. - Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA. - Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income. - Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material. Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets Page 7 **Ner Yisrael Gemach Notes to the Accounts** ## **Expenditure** - Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates. - Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs. - Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid. - Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs. - Other expenditure These are support costs not allocated to a particular activity. ## **Taxation** The charity is exempt from tax on its charitable activities. ## **Trade and other debtors** Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. ## **Cash and cash equivalents** Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management. ## **Trade and other creditors** Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. ## **Receipt of donated goods, facilities and services** All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity. Page 8 ## **Ner Yisrael Gemach** ## **Notes to the Accounts** ## 2 **Statement of Financial Activities - prior year** |2
**Statement of Financial Activities - prior year**||||| |---|---|---|---|---| |**Income and endowments from:**
Donations and legacies
Investments
**Total**
**Expenditure on:**
Charitable activities
Other
**Total**
**Net income**
**Net income before other**
**gains/(losses)**
**Other gains and losses:**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**
3
**Income from donations and legacies**
Donations received
4
**Income from investments**
Bank interest|**Unrestricted**
**£**
124,423
124,423|**Unrestricted**
**funds**
**2021**
**£**
125,665
0
125,665
54,630
299
54,929
70,736
70,736
70,736
30,748
101,484
**Restricted**
**£**
9,498
9,498
**Unrestricted**
**£**
11
11|**Restricted**
**funds**
**2021**
**£**
60,000
2
60,002
-
-
-
60,002
60,002
60,002
-
60,002
**Total**
**2022**
**£**
133,921
133,921
**Total**
**2022**
**£**
11
11|**Total funds**
**2021**
**£**
185,665
2| |||||185,667
54,630
299| |||||54,929| |||||130,738| |||||130,738| |||||130,738
30,748| |||||161,486| |||||**Total**
**2021**
**£**
185,665| |||||185,665| |||||**Total**
**2021**
**£**
2| |||||2| Page 9 **Ner Yisrael Gemach** **Notes to the Accounts** |5
**Expenditure on charitable activities**
_Expenditure on charitable_
_activities_
Grants paid
6
**Other expenditure**
General administrative costs
Legal and professional costs
7
**Staff costs**
No employee received emoluments in excess
8
**Creditors:**
amounts falling due within one year
Accruals
9
**Movement in funds**
**Restricted funds:**
**Restricted income funds:**
_Total_
**Unrestricted funds:**
**General funds**
**Total funds**|**Unrestricted**
**£**
102,302
102,302
of £60,000.|**Restricted**
**£**
69,500
69,500
**Unrestricted**
**£**
210
200
410
**2022**
**£**|**Total**
**2022**
**£**
171,802
171,802
**Total**
**2022**
**£**
210
200
410|**Total**
**2021**
**£**
54,630| |---|---|---|---|---| |||||54,630| |||||**Total**
**2021**
**£**
99
200| |||||299| |||||**2021**
**£**| |||200||401| ||**At 6 April**
**2021**
60,002
60,002
101,484
161,486|200
**Incoming**
**resources**
**(including**
**other**
**gains/losses**
**)**
**£**
9,498
9,498
124,434
133,932|**Resources**
**expended**
**£**
(69,500)
(69,500)
(102,712)
(172,212)|401| |||||**At 5 April**
**2022**
**£**
-| |||||-| |||||123,206| |||||123,206| Page 10 **Ner Yisrael Gemach Notes to the Accounts** ## 10 **Analysis of net assets between funds** |10 **Analysis of net assets between funds**|||| |---|---|---|---| |Net current assets
11 **Reconciliation of net debt**
Cash and cash equivalents
Net debt|**At 6 April**
**2021**
**£**|**Unrestricted**
**funds**
**£**
123,206
123,206
**Cash flows**
**£**|**Total**
**£**
123,206| ||||123,206| ||||**At 5 April**
**2022**
**£**| ||161,887|(38,481)|123,406| ||161,887
161,887|(38,481)
(38,481)|123,406| ||||123,406| ||||| Page 11 **Ner Yisrael Gemach Detailed Statement of Financial Activities** ## **for the year ended 5 April 2022** |**Income and endowments from:**
Donations and legacies
Donations received
Investments
Bank interest
**Total income and endowments**
**Expenditure on:**
Charitable activities
Grants paid
**Total of expenditure on charitable**
**activities**
General administrative costs,
including depreciation and
amortisation
Bank charges
Software, IT support and related
costs
Legal and professional costs
Audit/Independent examination
fees
**Total of expenditure of other costs**
**Total expenditure**
Net gains on investments
**Net (expenditure)/income**
**Net (expenditure)/income before**
**other gains/(losses)**
Other Gains|**Unrestricte**
**d funds**
**2022**
**£**
124,423
124,423
11
11
124,434
102,302
102,302
102,302
96
114
210
200
200
410
102,712
-
21,722
21,722
-|**Restricted**
**funds**
**2022**
**£**
9,498
9,498
-
-
9,498
69,500
69,500
69,500
-
-
-
-
-
-
69,500
-
(60,002)
(60,002)
-|**Total funds**
**2022**
**£**
133,921
133,921
11
11
133,932
171,802
171,802
171,802
96
114
210
200
200
410
172,212
-
(38,280)
(38,280)
-|**Total funds**
**2021**
**£**
185,665| |---|---|---|---|---| |||||185,665| |||||2| |||||2| |||||185,667
54,630| |||||54,630| |||||54,630
99
-| |||||99| |||||200| |||||200| |||||| |||||299| |||||54,929
-| |||||130,738| |||||130,738
-| Page 12 **Ner Yisrael Gemach Detailed Statement of Financial Activities** |**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|21,722
101,484
123,206|(60,002)
60,002
-|(38,280)
161,486
123,206|130,738| |---|---|---|---|---| |||||30,748| |||||161,486| Page 13