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REGISTERED CHARITY NUMBER: 1186286
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REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR
THE PERIOD 12 NOVEMBER 2019 TO
31 DECEMBER 2020
FOR
THE FRANK POSEN CIO
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Melinek Fine LLP
Chartered Accountants
First Floor, Winston House
349 Regents Park Road
London
N3 1DH
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THE FRANK POSEN CIO
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## **`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`|
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THE FRANK POSEN CIO
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## **`REPORT OF THE TRUSTEES FOR THE PERIOD 12 NOVEMBER 2019 TO 31 DECEMBER 2020`**
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Thetrusteespresenttheirreportwiththefinancialstatementsofthecharityfortheperiod12November2019 to
31December2020.ThetrusteeshaveadoptedtheprovisionsoftheStatementofRecommendedPractice (SORP)
'Accounting and Reporting by Charities' issued in March 2005.
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## **`REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number`**
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1186286
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## **`Principal address`**
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14 Montpelier Rise
London
NW11 9SS
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## **`Trustees`**
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U S Kaplan
M E Posen
B Fischman
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## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`**
## **`Governing document`**
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The charity is controlled by its governing document, a deed of trust, and constitutes an unincorporated charity.
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## **`Risk management`**
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Thetrusteeshaveadutytoidentifyandreviewtheriskstowhichthecharityisexposedandtoensure appropriate
controls are in place to provide reasonable assurance against fraud and error.
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## **`OBJECTIVES AND ACTIVITIES`**
## **`Objectives and aims`**
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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.
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## **`Significant activities`**
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Thecharityhasnotyetbeguntopursueitscharitableobjectivesbutitistheintentionofthetrusteestobegin such
activities in due course.
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## **`Public benefit`**
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TheTrusteesconfirmthattheyhavereferredtotheguidancecontainedintheCharityCommission'sgeneralguidance on
publicbenefitwhenreviewingtheTrust'saimsandobjectivesandinplanningfutureactivitiesandsetting the
grantmaking policy.
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Approved by order of the board of trustees on 14 October 2021 and signed on its behalf by:
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U S Kaplan - Trustee
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Page 1
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THE FRANK POSEN CIO
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## **`STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD 12 NOVEMBER 2019 TO 31 DECEMBER 2020`**
## **`TOTAL FUNDS CARRIED FORWARD`**
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Notes
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£
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-
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The notes form part of these financial statements
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Page 2
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THE FRANK POSEN CIO
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## **`BALANCE SHEET AT 31 DECEMBER 2020`**
|`Notes`
**`TOTAL ASSETS LESS CURRENT LIABILITIES`**
**`NET ASSETS`**
**`FUNDS`**
`3`
**`TOTAL FUNDS`**|**`£`**
**`-`**|
|---|---|
||**`-`**|
|||
||**`-`**|
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The financial statements were approved by the Board of Trustees on 14 October 2021 and were signed on its behalf by:
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U S Kaplan -Trustee
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The notes form part of these financial statements
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Page 3
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THE FRANK POSEN CIO
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 12 NOVEMBER 2019 TO 31 DECEMBER 2020
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## **`1. ACCOUNTING POLICIES`**
## **`Accounting convention`**
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Thefinancialstatementshavebeenpreparedunderthehistoricalcostconvention,andinaccordancewith the
FinancialReportingStandardforSmallerEntities(effectiveApril2008),theCharitiesAct2011and the
requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.
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The charity was dormant throughout the period ended 31 December 2020.
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## **`Taxation`**
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The charity is exempt from tax on its charitable activities.
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## **`Fund accounting`**
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Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
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Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthecharity. Restrictions
arise when specified by the donor or when funds are raised for particular restricted purposes.
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Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
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## **`2. TRUSTEES' REMUNERATION AND BENEFITS`**
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There were no trustees' remuneration or other benefits for the period ended 31 December 2020.
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## **`Trustees' expenses`**
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There were no trustees' expenses paid for the period ended 31 December 2020.
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## **`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
```