2021-06-30-accounts - Close Charitable Foundation

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Trustees’ Annual Report for the period

	SORP reference
Summary of the purposes of the charity as set out in its governing document	Para 1.17	The objects of the charity are: 1. The prevention or relief of poverty by providing grants to registered charities working to prevent or relieve poverty. 2. Providing relief for those in need due to age, disability, ill-health, financial or other disadvantage by providing grants to registered charities working to provide relief for those in need. 3. To advance religion and religious education, in particular, the Jewish religion, by providing grants to registered charities working to advance religion and religious education.
Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts.	Para 1.17 and 1.19	Donations were made to a variety of UK Registered Charities. There have been no changes in objects or policies during the period, and no changes are anticipated in the future.
Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit	Para 1.18	The trustees have paid due regard to the public benefit guidance issued by the Charity Commission in deciding the allocation of funds.

	SORP reference
Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole.	Para 1.20	During the year, the charity provided grants to charitable organisations.

Financial Review
Review of the charity’s financial position at the end of the period	Para 1.21	At the balance sheet date there was a funds surplus of £142 which the trustees have carried forward for future use by the charity.
Statement explaining the policy for holding reserves stating why they are held	Para 1.22	It is the policy of the Trustees to maintain free reserves at a level which is considered adequate to provide sufficient funds to cover ongoing management and administration costs and to be in a position to respond to applications for grants as and when they may arise.
Amount of reserves held	Para 1.22	At the year end, the charity held free reserves totalling £142.

Description of charity’s trusts:
Type of governing document (trust deed, royal charter)	Para 1.25	Close Charitable Foundation is a registered charity (number 1188888) and was established as a CIO under a Constitution dated 3 April 2020.
How is the charity constituted? (e.g unincorporated association, CIO)	Para 1.25	The charity is registered as a CIO.
Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees	Para 1.25	It is not envisaged that any new trustees will be recruited in the near future, but should that happen a full induction will take place.

Charity name	Close Charitable Foundation
Other name the charity uses
Registered charity number	1188888
Charity’s principal address	26 Woodlands Close London NW11 9QR

1 2 2	Trustee name	Office (if any)	Dates acted if not for whole year	Name of person (or body) entitled to appoint trustee (ifany)
	Mr S Gerber
	Mrs A Gerber
	Mrs B Liser

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) Full name(s) Mr S Gerber Position (eg Secretary, Trustee Chair, etc) Date 12 October 2021

Close	Charitable Foundation		1188888
	Receipts andpayments accounts			CC16a
For	03/04/2020 the period from	To	30/06/2021

Section A Receipts and payments	Section A Receipts and payments
A1 Receipts	Unrestricted funds to the nearest £ 20,000 5,000 - - - - - - 25,000 - - - 25,000 23,958 900 - - - - - - 24,858 - - - 24,858 142 - - 142	Restricted funds to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	Endowment funds to the nearest £	Total funds to the nearest £ 20,000 5,000 - - - - - - 25,000 - - - 25,000 23,958 900 - - - - - - 24,858 - - - 24,858 142	Last year to the nearest £
Donations	20,000		- - - - - - - -	20,000	-
HMRC	5,000			5,000	-
	-			-	-
	-			-	-
	-			-	-
	-			-	-
	-			-	-
	-			-	-
*Sub total*(Gross income for AR)	25,000			25,000	-

A2 Asset and investment sales, (see table).
	-		- - -	-
	-			-	-
*Sub total*	-			-	-
*Total receipts* A3 Payments
			-	25,000	-

Grantspayable	23,958		- - - - - - - - -	23,958	-
Accountancyfees	900			900	-
	-			-	-
	-			-	-
	-			-	-
	-			-	-
	-			-	-
	-			-	-
**Sub total **	24,858			24,858	-

A4 Asset and investment purchases, (see table)
	-		- - -	-	-
	-			-	-
**Sub total **	-			-	-
*Total payments* *Net of receipts/(payments)* A5 Transfers between funds A6 Cash funds last year end *Cash funds this year end*
			-	24,858	-

	142	-	-	142	-
	-	-	- -	-	-
	-	-		-	-
	142	-	-	142	-

CCXX R1 accounts (SS)

12/10/2021

Categories Signed by one or two trustees on behalf of all the trustees B1 Cash funds B2 Other monetary assets B4 Assets retained for the charity’s own use B5 Liabilities B3 Investment assets	Signature Details Details Cash at bank Details Details *Total cash funds* (agree balances with receipts and payments account(s)) Details	Unrestricted funds Restricted funds to nearest £ to nearest £ 142 - - - - - 142 - OK OK Unrestricted funds Restricted funds to nearest £ to nearest £ - - - - - - - - - - - - Fund to which asset belongs Cost (optional) - - - - - Fund to which asset belongs Cost (optional) - - - - - - - - - Fund to which liability relates Amount due (optional) - - - - - Print Name Mr S Gerber	Endowment funds to nearest £
			-
			-
			-
			-
			OK
			Endowment funds to nearest £
			-
			-
			-
			-
			-
			-
			Current value (optional)
			-
			-
			-
			-
			-
			Current value (optional)
			-
			-
			-
			-
			-
			-
			-
			-
			-
			When due (optional)






			Date of approval
		Mr S Gerber	12-Oct-21

CCXX R2 accounts (SS)

12/10/2021