**REGISTERED CHARITY NUMBER: 1191350**
## **REPORT OF THE TRUSTEES AND**
## **FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDED 31 MAY 2024**
## **FOR**
## **HANNAH LEVY HOUSE TRUST**
Carter & Coley Chartered Accountants 3 Durrant Road Bournemouth Dorset BH2 6NE
## **HANNAH LEVY HOUSE TRUST**
## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024**
||**Page**|
|---|---|
|**Report of the Trustees**|1 to 2|
|**Independent Examiner's Report**|3|
|**Statement of Financial Activities**|4|
|**Balance Sheet**|5|
|**Notes to the Financial Statements**|6 to 10|
## **HANNAH LEVY HOUSE TRUST**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MAY 2024**
The trustees present their report with the financial statements of the charity for the year ended 31 May 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
The objects of the charity are to relieve financial hardship, sickness and poor health amongst Jewish elderly people in Bournemouth and the surrounding areas.
## **Significant activities**
During the year the Trustees have made several grants to local Jewish organisations within the remit of the Trust. These have covered things such as travelling expenses to a lunch club, subsidising two local lunch clubs to enable them to be more affordable for attendees, supporting elderly people in need of food at times of Jewish festivals and making a grant to the local Jewish Support Services organisation
## **Public benefit**
The trustees have kept in mind the Charity Commission's guidance on public benefit.
## **FINANCIAL REVIEW**
## **Reserves policy**
The trustees plan to retain the donation that has been received in order to generate income in the future to fund grants.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Registered Charity number**
1191350
## **Principal address**
c/o Solomons Solicitors 1-3 Alum Chine Road Bournemouth Dorset BH4 8DT
## **Trustees**
S Feld L Williams L H Rossano J Solomons
Page 1
## **HANNAH LEVY HOUSE TRUST**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MAY 2024**
## **REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner**
Carter & Coley Chartered Accountants 3 Durrant Road Bournemouth Dorset BH2 6NE
Approved by order of the board of trustees on 7 April 2025 and signed on its behalf by:
S Feld - Trustee
Page 2
**INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HANNAH LEVY HOUSE TRUST**
## **Independent examiner's report to the trustees of Hannah Levy House Trust**
I report to the charity trustees on my examination of the accounts of Hannah Levy House Trust (the Trust) for the year ended 31 May 2024.
## **Responsibilities and basis of report**
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Andrew Clark FCA
Carter & Coley Chartered Accountants 3 Durrant Road Bournemouth Dorset BH2 6NE
7 April 2025
Page 3
## **HANNAH LEVY HOUSE TRUST**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MAY 2024**
|**2024**
**Unrestricted**
**fund**
Notes
**£**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
**46,270**
Investment income
2
**14,298**
**Total**
**60,568**
**EXPENDITURE ON**
**Charitable activities**
Main purpose
**30,660**
Net gains on investments
**24,424**
**NET INCOME**
**54,332**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**499,280**
**TOTAL FUNDS CARRIED FORWARD**
**553,612**|2023
Total
funds
£
500,000
-|
|---|---|
||500,000|
||720|
||-|
||499,280
-|
||499,280|
The notes form part of these financial statements
Page 4
## **HANNAH LEVY HOUSE TRUST**
## **BALANCE SHEET 31 MAY 2024**
|Notes
**FIXED ASSETS**
Investments
5
**CURRENT ASSETS**
Debtors
6
Cash at bank
**CREDITORS**
Amounts falling due within one year
7
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**NET ASSETS**
**FUNDS**
8
Unrestricted funds
**TOTAL FUNDS**|**2024**
**Unrestricted**
**fund**
**£**
**524,424**
**-**
**30,665**
**30,665**
**(1,477)**
**29,188**
**553,612**
**553,612**
**553,612**
**553,612**|2023
Total
funds
£
70,000
430,000
-
430,000
(720)
429,280
499,280
499,280
499,280
499,280|
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 7 April 2025 and were signed on its behalf by:
S Feld - Trustee
The notes form part of these financial statements
Page 5
**HANNAH LEVY HOUSE TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
## **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.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. 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.
## **Fixed asset investments**
Investments are initially measured at cost and subsequently at fair value.
Page 6
continued...
## **HANNAH LEVY HOUSE TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MAY 2024**
## **2. INVESTMENT INCOME**
|||**2024**|2023||
|---|---|---|---|---|
|||**£**|£||
|Income from fixed|asset investments|**14,298**||-|
## **3. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 May 2024 nor for the year ended 31 May 2023.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 May 2024 nor for the year ended 31 May 2023.
## **4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
||Unrestricted|
|---|---|
||fund|
||£|
|**INCOME AND ENDOWMENTS FROM**||
|Donations and legacies|500,000|
|**EXPENDITURE ON**||
|**Charitable activities**||
|Main purpose|720|
|**NET INCOME**|499,280|
|**TOTAL FUNDS CARRIED FORWARD**|499,280|
continued...
Page 7
## **HANNAH LEVY HOUSE TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MAY 2024**
## **5. FIXED ASSET INVESTMENTS**
|**5.**|**FIXED ASSET INVESTMENTS**||||
|---|---|---|---|---|
|||||Listed|
|||||investments|
|||||£|
||**MARKET VALUE**||||
||At 1 June 2023|||**70,000**|
||Additions|||**430,000**|
||Revaluations|||**24,424**|
||At 31 May 2024|||**524,424**|
||**NET BOOK VALUE**||||
||At 31 May 2024|||**524,424**|
||At 31 May 2023|||70,000|
||There were no investment assets outside the UK.||||
||Cost or valuation at 31 May 2024 is represented by:||||
|||||**Listed**|
|||||**investments**|
|||||**£**|
||Valuation in 2024|||**24,424**|
||Cost|||**500,000**|
|||||**524,424**|
|**6.**|**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**||||
|||**2024**||2023|
|||**£**||£|
||Other debtors||**-**|430,000|
continued...
Page 8
## **HANNAH LEVY HOUSE TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MAY 2024**
|**7.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Other creditors
**8.**
**MOVEMENT IN FUNDS**
At 1/6/23
£
**Unrestricted funds**
General fund
**499,280**
**TOTAL FUNDS**
**499,280**
Net movement in funds, included in the above are as follows:
Incoming
Resources
resources
expended
£
£
**Unrestricted funds**
General fund
**60,568**
**(30,660)**
**TOTAL FUNDS**
**60,568**
**(30,660)**
**Comparatives for movement in funds**
At 1/6/22
£
**Unrestricted funds**
General fund
-
**TOTAL FUNDS**
-|**2024**
2023
**£**
£
**1,477**
720
Net
movement
At
in funds
31/5/24
£
£
**54,332**
**553,612**
**54,332**
**553,612**
Gains and
Movement
losses
in funds
£
£
**24,424**
**54,332**
**24,424**
**54,332**
Net
movement
At
in funds
31/5/23
£
£
499,280
499,280
499,280
499,280|
|---|---|
continued...
Page 9
## **HANNAH LEVY HOUSE TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MAY 2024**
## **8. MOVEMENT IN FUNDS - continued**
Comparative net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**TOTAL FUNDS**|Incoming
resources
£
500,000
500,000|Resources
Movement
expended
in funds
£
£
(720)
499,280
(720)
499,280|
|---|---|---|
## **9. RELATED PARTY DISCLOSURES**
The trust received a donation of £44,270 during the year (2023 £500,000) from The Hannah Levy Home, which shares a number of trustees. In the previous year £430,000 of that donation was not received until after the balance sheet date and was included in debtors as at 31 May 2023.
Page 10