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REGISTERED CHARITY NUMBER: 1186286
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Report of the Trustees and
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Unaudited Financial Statements
FOR THE YEAR ENDED
31 December 2023
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for
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THE FRANK POSEN CIO
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Melinek Fine LLP
Chartered Accountants
First Floor, Winston House
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349 Regents Park Road
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London
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N3 1DH
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THE FRANK POSEN CIO
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## **`Contents of the Financial Statements FOR THE YEAR ENDED 31 DECEMBER 2023`** 

||**`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 YEAR ENDED 31 DECEMBER 2023`** 

```
Thetrusteespresenttheirreportwiththefinancialstatementsofthecharityfortheyearended31December2023. The
trusteeshaveadoptedtheprovisionsofAccountingandReportingbyCharities:StatementofRecommended Practice
applicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancialReportingStandardapplicableinthe UK
and Republic of Ireland (FRS 102) (effective 1 January 2019).
```

## **`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`** 

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Thecharityhasnotyetbeguntopursueitscharitableobjectivesbutitistheintentionofthetrusteestobegin such
activities in due course.
```

## **`Public benefit`** 

```
TheTrusteesconfirmthattheyhavereferredtotheguidancecontainedintheCharityCommission'sgeneralguidance on
publicbenefitwhenreviewingtheTrust'saimsandobjectivesandinplanningfutureactivitiesandsetting the
grantmaking policy.
```

## **`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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## **`REFERENCE AND ADMINISTRATIVE DETAILS`** 

## **`Registered Charity number`** 

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1186286
```

## **`Principal address`** 

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14 Montpelier Rise
London
NW11 9SS
```

## **`Trustees`** 

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U S Kaplan
M E Posen
B Fischman
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Approved by order of the board of trustees on ............................................. 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 YEAR ENDED 31 DECEMBER 2023`** 

|||`2023`||`2022`||
|---|---|---|---|---|---|
|||`Total`||`Total`||
|||`funds`||`funds`||
||`Notes`|`£`||`£`||
|**`NET INCOME`**|||`-`||`-`|
|**`RECONCILIATION OF FUNDS`**||||||
|`Total funds brought forward`|||`-`||`-`|
|**`TOTAL FUNDS CARRIED FORWARD`**|||`-`||`-`|



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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 31 DECEMBER 2023`** 

||`2023`||`2022`||
|---|---|---|---|---|
||`Total`||`Total`||
||`funds`||`funds`||
|`Notes`|`£`||`£`||
|**`NET CURRENT ASSETS`**||`-`||`-`|
|**`TOTAL ASSETS LESS CURRENT LIABILITIES`**||`-`||`-`|
|**`NET ASSETS`**||`-`||`-`|
|**`FUNDS`**|||||
|**`TOTAL FUNDS`**||`-`||`-`|



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ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissue on
............................................. and were signed on its behalf by:
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.............................................
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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 YEAR ENDED 31 DECEMBER 2023`** 

## **`1. ACCOUNTING POLICIES`** 

## **`Basis of preparing the financial statements`** 

```
Thefinancialstatementsofthecharity,whichisapublicbenefitentityunderFRS102,havebeenprepared in
accordancewiththeCharitiesSORP(FRS102)'AccountingandReportingbyCharities:Statement of
RecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancial Reporting
StandardapplicableintheUKandRepublicofIreland(FRS102)(effective1January2019)',Financial Reporting
Standard102'TheFinancialReportingStandardapplicableintheUKandRepublicofIreland'andthe Charities
Act 2011. The financial statements have been prepared under the historical cost convention.
```

## **`Taxation`** 

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The charity is exempt from tax on its charitable activities.
```

## **`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.
```

## **`2. TRUSTEES' REMUNERATION AND BENEFITS`** 

```
Therewerenotrustees'remunerationorotherbenefitsfortheyearended31December2023norforthe year
ended 31 December 2022.
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## **`Trustees' expenses`** 

```
Therewerenotrustees'expensespaidfortheyearended31December2023norfortheyear ended
31 December 2022.
```

## **`3. RELATED PARTY DISCLOSURES`** 

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There were no related party transactions for the year ended 31 December 2023.
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Page 4
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