2020-12-31-accounts - The Frank Posen C.I.O.

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REGISTERED CHARITY NUMBER: 1186286

REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR
THE PERIOD 12 NOVEMBER 2019 TO
31 DECEMBER 2020
FOR
THE FRANK POSEN CIO

Melinek Fine LLP
Chartered Accountants
First Floor, Winston House
349 Regents Park Road
London
N3 1DH

THE FRANK POSEN CIO

`CONTENTS OF THE FINANCIAL STATEMENTS FOR THE PERIOD 12 NOVEMBER 2019 TO 31 DECEMBER 2020`

	`Page`
`Report of the Trustees`	`1`
`Statement of Financial Activities`	`2`
`Balance Sheet`	`3`
`Notes to the Financial Statements`	`4`

THE FRANK POSEN CIO

`REPORT OF THE TRUSTEES FOR THE PERIOD 12 NOVEMBER 2019 TO 31 DECEMBER 2020`

Thetrusteespresenttheirreportwiththefinancialstatementsofthecharityfortheperiod12November2019 to
31December2020.ThetrusteeshaveadoptedtheprovisionsoftheStatementofRecommendedPractice (SORP)
'Accounting and Reporting by Charities' issued in March 2005.

`REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number`

`Principal address`

14 Montpelier Rise
London
NW11 9SS

`Trustees`

U S Kaplan
M E Posen
B Fischman

`STRUCTURE, GOVERNANCE AND MANAGEMENT`

`Governing document`

The charity is controlled by its governing document, a deed of trust, and constitutes an unincorporated charity.

`Risk management`

Thetrusteeshaveadutytoidentifyandreviewtheriskstowhichthecharityisexposedandtoensure appropriate
controls are in place to provide reasonable assurance against fraud and error.

`OBJECTIVES AND ACTIVITIES`

`Objectives and aims`

TheobjectsofthecharityaretheadvancementoftheorthodoxJewishfaithandthereliefofthoseinneed,byreason of
age,ill-health,disability,financialhardshiporotherdisadvantageinparticularbutnotexclusively,byprovidinggrants to
such individuals and to such charitable organisations as the trustees from time to time think fit.

`Significant activities`

Thecharityhasnotyetbeguntopursueitscharitableobjectivesbutitistheintentionofthetrusteestobegin such
activities in due course.

`Public benefit`

TheTrusteesconfirmthattheyhavereferredtotheguidancecontainedintheCharityCommission'sgeneralguidance on
publicbenefitwhenreviewingtheTrust'saimsandobjectivesandinplanningfutureactivitiesandsetting the
grantmaking policy.

Approved by order of the board of trustees on 14 October 2021 and signed on its behalf by:

U S Kaplan  - Trustee

Page 1

THE FRANK POSEN CIO

`STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD 12 NOVEMBER 2019 TO 31 DECEMBER 2020`

`TOTAL FUNDS CARRIED FORWARD`

Notes

£

The notes form part of these financial statements

Page 2

THE FRANK POSEN CIO

`BALANCE SHEET AT 31 DECEMBER 2020`

`Notes` `TOTAL ASSETS LESS CURRENT LIABILITIES` `NET ASSETS` `FUNDS` `3` `TOTAL FUNDS`	`£` `-`
	`-`

	`-`

The financial statements were approved by the Board of Trustees on 14 October 2021 and were signed on its behalf by:

U S Kaplan -Trustee

The notes form part of these financial statements

Page 3

THE FRANK POSEN CIO

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 12 NOVEMBER 2019 TO 31 DECEMBER 2020

`1. ACCOUNTING POLICIES`

`Accounting convention`

Thefinancialstatementshavebeenpreparedunderthehistoricalcostconvention,andinaccordancewith the
FinancialReportingStandardforSmallerEntities(effectiveApril2008),theCharitiesAct2011and the
requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.

The charity was dormant throughout the period ended 31 December 2020.

`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.

Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthecharity. 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 period ended 31 December 2020.

`Trustees' expenses`

There were no trustees' expenses paid for the period ended 31 December 2020.

`3. MOVEMENT IN FUNDS`

		`Net`
		`movement in`
		`funds`	`At 31.12.20`
		`£`	`£`
`TOTAL FUNDS`		`-`	`-`
`Net movement in funds, included in the above are as follows:`
	`Incoming`	`Resources`	`Movement in`
	`resources`	`expended`	`funds`
	`£`	`£`	`£`
`TOTAL FUNDS`	`-`	`-`	`-`

Page 4