**Charity number: 1192047** ## **THE 13 TAMMUZ 5769 TRUST** ## **UNAUDITED** **TRUSTEES' REPORT AND FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 31 OCTOBER 2022** ## **THE 13 TAMMUZ 5769 TRUST** ## **CONTENTS** ||Page| |---|---| |**Reference and administrative details of the Charity, its Trustees and advisers**|1| |**Trustees' report**|2 - 3| |**Statement of financial activities**|4| |**Balance sheet**|5| |**Notes to the financial statements**|6 - 10| **THE 13 TAMMUZ 5769 TRUST** ## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 OCTOBER 2022** ## **Trustees** Anthony Robert Julius, Chair Stuart Antony Adams, Trustee Katarina Julius, Trustee ## **Charity registered number** 1192047 ## **Principal office** 71B Flask Walk, London, NW3 1ET ## **Accountants** Nyman Libson Paul LLP, 124 Finchley Road, London, NW3 5JS Page 1 **THE 13 TAMMUZ 5769 TRUST** ## **TRUSTEES' REPORT FOR THE YEAR ENDED 31 OCTOBER 2022** The Trustees present their annual report together with the financial statements of the The 13 Tammuz 5769 Trust for the 1 November 2021 to 31 October 2022. ## **Objectives and activities** ## **a. Policies and objectives** The Charity's objectives are to preserve and protect physical and mental health through the promotion of psychoanalysis, and the education of the general public in the field of psychoanalysis and the promotion of the arts. In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'. ## **Achievements and performance** ## **a. Main achievements of the Charity** The charity mostly incurred expenses in relation to the production of a book for the promotion of mental health during the bereavement period but will look to give grants in the next year. ## **Financial review** ## **a. Going concern** The Charity has made a deficit of £12,943 (2021: £21,690) during the year, but as per note 4, it expects to receive donations after the reporting period to cover this deficit. Thus, after making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies. ## **b. Reserves policy** As the Charity has only recently registered, it is still in the process of accumulating reserves and formulating a reserve policy. ## **c. Financial Results** The charity incurred a deficit of £12,943 (2021: £21,690) due to having no income, yet pays for its ongoing costs through temporary funding from or by a trustee. Although at the reporting date £31,281 is due to the trustee, it is their intention to donate funds to the charity to cover this amount. Page 2 ## **THE 13 TAMMUZ 5769 TRUST** **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2022** ## **Structure, governance and management** ## **a. Constitution** The 13 Tammuz 5769 Trust is a registered charity, number 1192047, and is constituted under a CIO Foundation constitution. It has been registered with the Charity Commission since 28 October 2020. ## **b. Methods of appointment or election of Trustees** The management of the Charity is the responsibility of the Trustees who are elected and under the terms of the constitution. ## **Statement of Trustees' responsibilities** The Trustees are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to: - select suitable accounting policies and then apply them consistently; - observe the methods and principles of the Charities SORP (FRS 102); - make judgments and accounting estimates that are reasonable and prudent; - state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements; - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by order of the members of the board of Trustees on and signed on their30/06/2022 behalf by: **Anthony Robert Julius** (Trustee) **Katarina Julius** (Trustee) Page 3 **THE 13 TAMMUZ 5769 TRUST** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 OCTOBER 2022** |Note
**Expenditure on:**
Charitable activities
3
**Total expenditure**
Total funds brought forward
Net movement in funds
**Total funds carried forward**|Unrestricted
funds
2022
£
12,943
12,943
(21,690)
(12,943)
(34,633)|Total
funds
2022
£
12,943
12,943
(21,690)
(12,943)
(34,633)|Total
funds
2021
£
21,690
21,690
-
(21,690)
(21,690)| |---|---|---|---| The Statement of Financial Activities includes all gains and losses recognised in the year. The notes on pages 6 to 10 form part of these financial statements. Page 4 ## **THE 13 TAMMUZ 5769 TRUST** ## **BALANCE SHEET AS AT 31 OCTOBER 2022** |Note
Creditors: amounts falling due within one
year
5
(34,633)
**Total net assets**
**Charity funds**
Restricted funds
6
Unrestricted funds
6
**Total funds**|2022
£
(21,690)
(34,633)
-
(34,633)
(34,633)|2021
£
(21,690)
-
(21,690)
(21,690)| |---|---|---| The financial statements were approved and authorised for issue by the Trustees on _________________________________________________ and signed on their behalf by: **Anthony Robert Julius** (Trustee) **Katarina Julius** (Trustee) The notes on pages 6 to 10 form part of these financial statements. Page 5 **THE 13 TAMMUZ 5769 TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2022** ## **1. General information** The 13 Tammuz 5769 Trust is a Charitable Incorporated Organisation, registered in England and Wales with the Charity Commission. The address of its registered office is 71B Flask Walk, London, NW3 1ET. ## **2. Accounting policies** ## **2.1 Basis of preparation of financial statements** The financial statements 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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011. The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn. The 13 Tammuz 5769 Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy. ## **2.2 Going concern** The Charity has made a deficit of £12,943 (2021: £21,690) during the year, but as per note 4, it expects to receive donations after the reporting period to cover this deficit. Thus, after making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies. ## **2.3 Expenditure** Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs. All expenditure is inclusive of irrecoverable VAT. Page 6 **THE 13 TAMMUZ 5769 TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2022** ## **2. Accounting policies (continued)** ## **2.4 Liabilities and provisions** Liabilities are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. ## **2.5 Financial instruments** The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. ## **2.6 Fund accounting** General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes. ## **3. Analysis of expenditure by activities** |Expenditure
Start-up costs|Activities
undertaken
directly
2022
£
8,481|Support
costs
2022
£
4,462
Support
costs
2021
£
21,690|Total
funds
2022
£
12,943| |---|---|---|---| ||||Total
funds
2021
£
21,690| Page 7 **THE 13 TAMMUZ 5769 TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2022** ## **3. Analysis of expenditure by activities (continued)** ## **Analysis of direct costs** |Book production
Art work for book
Translator for book|Direct costs
2022
£
6,910
550
1,021
8,481|Total
funds
2022
£
6,910
550
1,021
8,481|Total
funds
2021
£
-
-
-| |---|---|---|---| ||||-| ## **Analysis of support costs** |Legal fees
Accountancy fees
Printing and Stationary
Legal Fees
Accountancy Fees|Support
costs
2022
£
1,912
2,550
4,462
Start-up
costs
2021
£
965
19,285
1,440
21,690|Total
funds
2022
£
1,912
2,550| |---|---|---| |||4,462| |||Total
funds
2021
£
965
19,285
1,440| |||21,690| Page 8 **THE 13 TAMMUZ 5769 TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2022** ## **4. Trustees' remuneration and expenses** During the year, no Trustees received any remuneration or other benefits (2021 - £NIL). As at the balance sheet date an amount of £31,281 (2021: £20,250) was due to one of the trustees in connection with start-up costs of the charity settled on its behalf. The trustee intends to make a donation to the charity post-reporting date to cover this liability. ## **5. Creditors: Amounts falling due within one year** |Other creditors
Accruals and deferred income|2022
£
31,281
3,352
34,633|2021
£
20,250
1,440| |---|---|---| |||| |||21,690| ## **6. Statement of funds** ## **Statement of funds - current year** |**Unrestricted funds**
General Funds - all funds
**Statement of funds - prior year**
**Unrestricted funds**
General Funds - all funds|Balance at 1
November
2021
£
(21,690)|Expenditure
£
(12,943)
Expenditure
£
(21,690)|Balance at
31 October
2022
£
(34,633)
Balance at
31 October
2021
£
(21,690)| |---|---|---|---| Page 9 ## **THE 13 TAMMUZ 5769 TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2022** ## **7. Analysis of net assets between funds** ## **Analysis of net assets between funds - current year** |Creditors due within one year
**Total**|Unrestricted
funds
2022
£
(34,633)
(34,633)|Total
funds
2022
£
(34,633)
(34,633)| |---|---|---| ## **Analysis of net assets between funds - prior year** |Creditors due within one year
**Total**|Unrestricted
funds
2021
£
(21,690)
(21,690)|Total
funds
2021
£
(21,690)
(21,690)| |---|---|---| Page 10