Ner Ylyael Gema(h (tharity No. 1184874 Trustees. Report and Unaudlted Accounts 05 Aprll 2023
Ner fisrael Gemath Contents Pages 2to3 Trustees, Annual Report Independent Examiner's Report Ststement of Financial Activities Balance Sheet Notes to the Accounts 7toll Detailed Statement of Finanaal ActiNities 12 Page I
Ner Yisrael Gemath T$t$ Annual Report The trustees present their report with the unaudited finanual statements of the tharity for the year ended 5 April 2023. REFERENCE AND ADMINISTRATIVE DEfAILS Charty No. 1184874 Principal Office Ner Yisrael Community Centre The Crest London NW4 2HY Trustees The following trustees served during the year: P. Blank A. Gddber8 D. Lauber Accountants Lealindis Limtted 71 London Road Newark NG24 IRZ OBJEcfivES AND AcfivTfiES Its objertives are to provide relief of financial hardship, either generally or individually. in parkncular, but not eXcluVery, 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 donatlons recefved duringthe charity's third period of activty. The trustees confimi that they have given due con&deration to the (harity Commission's guidance on the public benefit requiremenL FINANaAL REVIEW Thé excess of expenditure over income forthe year amounted to a deficrt of £20.61712022.. deficFt £38,280). This will be dedutted from the reserves which now stand at £102,58912022: £123.2061. The trustee5 are of the opinion that as the tharity enjoys continuin8 5UPPOrt from several donor5 that It Is appropriate for the Going Concem basis to be used. PLAN5 FOR FirfuRE PERIODS Whilst the charity has no ongoing commitments the trustees are looking to maintsin or increase the level of donor contributions in the coming year. thus enabling thè charity to continue to provide grants as needed. Page 2
Ner Yisrael Gemath Trustees Annual Report STRUCTURE, GOVERNANCE AND MANAGEMEKr The charty is controlled by its go¥Emirg document and is constituted as a Charitsble Incorporated Organisation. There must be at least three charity trustees. ff the number falls below this minimum, the remaining trustee5 or trustees may act only to call a rneetinE of the charrty trustees, or appoint è new charity trustee. The maximum number of charity trustees 15 five. Every trust& must be appointed by a resolution passed at properly convened meeting of the charty trustees. In selecting individuals for appointment as tharity trustees, the (harity trustees must have regard to the skills, knowledge and expWIen needed for the effective administration of the tharity. The above report has been prepared in accordance with the Charities SORP IFR51021. Statement of trustees, responslbllitles kn relation to the financial statements The charity trustees are responsible for preparing a trustee5' annual report and finanaal ststements in accordance wwth applicable law and United Kingdom Accountlng Standards {United Kingdom General Accepted Accounting Practice). The trustees are responsible for keeping proper accounting record5 that disclose with reasonable accuracy at any time the financial position of the charwty and to enable them to ensure that the financial statements comply with the Charities Art 2011. the applicable Charities (Accounts and Reportsl Regul8tEons, and the provisions of the Trust deed. The Trustees are also responsible for safeguarding the assets of the charity and hence tsking reasonable steps for the prention and detection of fraud and other irregularities. Signed on behalf of the charity's trustees P. Blank Trustee 28 July 2024 Page 3
Ner Yisrael Gemach Independent Examlners Report Independent Examinerfs Report to the trustees of Ner ftsrael Gemath I report to the trustees on my examination of the finanaal statements of Ner Yisrael Gemach for the year ended 5 April 2023. Responsibilitie5 and basls of report As the tharity'5 trustees you are responsitjle forthe preparation of the fintIal ststements in accordance with the requirements of the Charities Art 2011 lhe Art'l. 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 14515llbl of the ACL Independent examine¢s statement I have completed my examination. I can confirm that no material rnatters have come to my attention in connection wf(h the examination gtwng me cause to believe that In any material respect: the accounting records were not kept in respect of the charity as required by sectlon 130 of the Act,. or • the financial statements do not accord with those records.. or the financial statements do not comply with the appli(able requirements conceming the form and content of financial statements set out in the (harities (Accounts and Reportsl Regulations 2008 other than any requirement that the financlal ststements give a rue and fair, view which is not a matter considered as part of an indeperldent examination. I have no concerns and have come across no other rnatters in connectlon wrth the examination to which attention should be drawn in this report in orderto enable a proper understanding of the financial statements to be reached. Chris Wade ICAEW Lealindis Limrted 71 London Road Newark NG24 IRZ 28 July 2024 Page 4
Ner Yisrael Gemach Ststement of Financial Arti¥ities for the year ended 5 April 3)23 Unrestricted funds Totsl funds Total funds 2023 2023 2022 Notes Income and endowments from: Donations and legacies Investments 104,962 104,962 133,921 li Total 105,502 105,502 133,932 Expenditure on.. Charltsble activities Other 125.682 437 125.682 437 171,802 410 Total 126.119 126,119 172,212 Netgains on investments Net expendlture Transfers between funds Net expenditure before other gains/{losses) 120.617) 120.6171 138,2801 (20.6171 120,6171 138,2801 Other gains and losses Net movement in fvnds 120,6171 120.6171 138,2801 Re¢onciliation otfvnds: Total funds brought forward 123,206 123,206 161,487 Total fvnds carrled forward 102,589 102,589 123,207 Page 5
Ner Yisrael Gemach Balance Sheet at S April 2023 Charlty No. 1184874 2023 2022 Current assets Cash at bank and in hand 102,814 102,814 {2251 102,589 123,406 123,406 12001 123,206 Credltors: Amount falling due within one year Net current assets Total assets less current liabilities Net assets excludlng penslon asset or liabHity Totsl net assets 102.589 123,206 123,206 102,589 102.589 123,206 The funds of the charity Re5trlcted fiinds Unrestricted funds General funds 102,589 123,206 102,589 123,206 Reserves Total fvnds 102,589 123,206 Approved by the trustee5 on 28 July 2024 And Svdned on their behalF by. P. Blank Trustee 28 July 2024 Page 6
Ner Yisrael Gemach Notes to the Accounts for the year ended 5 AprN 2023 l Accountin8 pollcies Basis of preparation The financial statements have been prepared in accordance wlth Ststement of Recommended Prartice: Accounting and Reporting by Charitles preparing their accounts in accordance wtth the Financial Reporting Standard applicable in the UK and Republic rf Ireland (FRS 1021 issued on 16 ju 2014 and the Financial Reporting Standard appllcable in the United Kingdom and Republlc of Ireland (FRS 1021 and the Charities Act 2011. ange In basis of accountlng orto pr10$ accounts There has been no chan8e to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for pre¥ious years. Fund accounting Unrestricted funds These are available for use at the discretion of thetrustees in furtherancE of the general objects of the charity- These are unrestricted funds earmarked by the trnstees for particular purposes. These are unrestritted funds which include a revaluation reserve representing the restatsment of investment assets at their market values. These are available for use subject to restrictions imposed bythe donor or through terms of an appeal. Designated funds Revaluation funds Restricted funds Income Recognttion of income Income is indud&l in the Statement of Financial Activities ISOFAI when the charity becomes entttled to, and virtually rtain to re1Ve, the income and the amount of the income can be measured with sufficient reliabilrty. Income with rel*ed Where income has related expenditure the income and related expendr(ure Is expendIre reported gross in the SOFA. Donations and legacies Voluntsry income received by way of grants, donations and gifts is included in the the SOFA when receivable and only when the Charity has unconditional entitlement tothe income. Tax reclaims ( Income from tax redaims is induded in the SOFA at the same tlme as the donations and gtfts grftldonation to whith it relatss. Donated services These are only Èncluded in income (with an equivalent amount in expendrturel and facilities where the benefft to the Charity is reasonably quantrfiable, measurable and material. Volunteer help Thè value of any volunteer help received is not induded in the accounts. Investment Income This is included in the accounts when re1Vable. Galnslllossesl on This indudes any gain or loss resulting from rwdluing investments to market value revalLTr3tion of fixed at the end of the yèar. assets Gain51llossesl on investment assets This indudes any gain or loss on the sale of Investments. Page 7
Ner Yisrael Gemach Notes to the Accounts Expendlture Recognition of expendrture ExpendFture is recognised on an attruals basis. Expenditure indude5 any VAT which cannot be fully recovered, and Is reported as part of the expenditure to which it relates. Expenditure on raising funds These comprise the costs associated wlth attracting voluntary income, fijndraislng trading costs and investment management costs. Expendtture on These comprise the costs incurred bythe Charrty in the delrvery of its activities and chaiitable acttvities ServIS in the furtherdnce of Its objects, induding the making of gTrnts and govemance costs. All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been apwoved by the trustees * the end ofthe year but not yet paid. These indude those costs associated with meeting the constitutional and ststutory requirements of the Charity. induding any audit/independent examination fees, Costs linked to the strategic management of the (harity. together with a share of other administration cost These are support costs not allocated to a partitlar actiwty. Grants payable Governance costs other expenditure Taxation The charity Is exemptfrom tax on Its tharitsble activities. Cash and cash equi¥alents Cash and cash equivalents comprise r2sh at bank and on hand. demand deposits with banks and other 5hort-term highly liquid investsnents wrth original maturities of three months or les5 and bank overdrafts. In the statement of finanaal position. bank overdrafts are shown wtthin borrowlngs or current liabilities. In the Staternent of Cash Flovts, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and fonn an integral part of the cornpany's $h 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 thè transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliab. Creditors and provision5 are normally recognised at their settlement amount after allowing for any trade discounts due. Receipt of donated goods faalities and services All donated goods. facilities arKI services received are recognised within incoming resources and expenditure at an estlmate of the value to the chartty. Page 8
Ner Ylsrael Gemach Notes to the Accounts 2 Ststement of Finanoal Activit*s- prforyear fund5 2022 fvnds Totsl funds 2022 Income and endowments from: Donations and legacies Investments 124A23 li 9.498 133,921 li Total 124.434 9,498 133,932 Expendlture on". Charitable activities Other 102,302 410 69.500 171,802 410 Total 102,712 69,500 172.212 Net income 21.722 160.0021 138,2801 Net Income before other 8ainsl(10sses) Other gains and losses: Net movement in fiinds 21.722 160,(1021 138,2801 21.722 160,0021 138.2801 Reconciliation of funds: Total funds brought fonvard Totsl funds carried forward 101,484 60,002 161,486 123,206 123,206 3 Income from donatlofts and legacies Unrestrfrted Totsl Total 2022 2023 Donations received 104,%2 104,962 104,962 104,962 133.921 133,921 4 Income from Investments Total Totri 2022 2023 Bank interest 540 li 540 li Page 9
Ner Yisrael Gemach Notes to the Accounts Exwdlture on tharitable activities Unrestii¢ted Total 2023 Total 2022 E¥penditure on charitt7ble octivities Grants paid 6ovemance costs 125,682 125,682 171,802 125,682 125,682 171,802 6 Other èxp•ndltwe Unrestsirted Totsi 2023 Total 2022 General administrative costs Legal and professional costs 212 212 210 225 225 200 437 437 410 7 Staff costs No employee received emoluments in excess of £60.(KK). 8 Credltors: amounts falling due within one year 2023 2022 Accruals 225 200 9 Movement in fvnds 225 200 Incoming resources (Intluding Resources expended At 5 April 2023 At 6 April gainsllosses 2022 Restrfrted funds: Unr•strirted fund&. General fun(ts 123,206 105,502 1126,1191 102,589 Total funds 10 Anatysis of net assets between funds 123.206 105,502 1126,1191 102,589 Unre5tr5tted funits Total Net current assets 102.589 102.589 102,589 102,589 Page 10
Ner Yisrael Gemath Notes to the Accounts 11 Reconcillatlon of net debt At 6 Aprli At 5 April 2023 Cash flows Cash and cash equivalents 123,406 123,406 (20,5921 120,592) 102,814 102,814 Net debt 123,406 (20,5921 102,814 Page 11
Ner Ytsrael Gemach Detailed stateftt ot Financial Arti¥itles for the year ended S April 2023 lunds Trtal funds Total funds 2023 2023 2022 Income and endowments from: Donations and legacies Donations received 104,%2 104,962 104,962 104,962 133,921 133,921 Investments Bank interest 540 540 540 540 li li Total income and endowments Expendlture on: Charitable artivities Grants paid 105.502 105,502 133,932 125,682 125,682 125,682 125.682 171,802 171,802 Total of expendire on chaiitable actlvitles 125.682 125.682 171,802 General administrative costs Bank charges Software, IT support and related costs 72 72 140 140 114 212 212 210 Legal and professional costs Audivlndependent examination fees 225 225 200 225 225 200 Total of expendttufe of other costs Total expendtture Net gains on investments 437 437 410 126.119 126,119 172,212 Net expendltyre {20,6171 120,6171 (38,2801 Net expenditure before other 8ainsl(losses) Other Gains (20,6171 {20,617) {38,2801 Net movement in funds 120.617) 120,6171 138,280 Reconclliaiion of fvTrds: Total funds brought forward 123,2( 123,206 161,487 Total fvnds carried forward 102.589 102.589 123,207 Page 12