REGISTERED CHARITY NUMBER: 1194624
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD 28 MAY 2021 TO 31 OCTOBER 2022
FOR
ARMITAGE 613
Venitt and Greaves Chartered Accountants 115 Craven Park Road South Tottenham London N15 6BL
ARMITAGE 613
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE PERIOD 28 MAY 2021 TO 31 OCTOBER 2022
| 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 | 7 |
ARMITAGE 613
REPORT OF THE TRUSTEES FOR THE PERIOD 28 MAY 2021 TO 31 OCTOBER 2022
The trustees present their report with the financial statements of the charity for the period 28 May 2021 to 31 October 2022. 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 main objectives of the charity was:
1) the advancement of the Orthodox Jewish religion for the public benefit by providing grants to synagogues and other religious charities for the provision of religious objects, prayer books and other religious study books, and for the public celebration of religious festivals.
2) the advancement of Orthodox Jewish education and eduction in general by providing grants to educational institutions.
3) the relief of poverty for the public benefit by providing grants to other charities working to prevent or relieve poverty and to individuals.
4) the relief of sickness and infirmity for the public benefit by providing grants to other charities working to relieve sickness and infirmity and to individuals.
Significant activities
The financial results of the Company's activities for the period ended 31 October 2022 are fully reflected in the attached financial statements together with the notes thereon.
The trustees are satisfied with the results and activities of the company for the period and do not anticipate any significant changes in the forthcoming year.
Public benefit
The trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the aims and objectives and in planning the charity's future activities. The aims of the charitable company for the public benefit are detailed in the Objectives and Activities section of the report.
Grantmaking
Grants are made at the discretion of the trustees and in accordance with the principal objectives of the charity.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
The charity received donations totalling £56,842 and paid £54,903 in grants to various charitable institutions.
FINANCIAL REVIEW
Reserves policy
It is the policy of the charity to maintain unrestricted funds, which are the free reserves of the charity, at a level which the trustees think appropriate after considering the future commitments of the charity and the likely administrative costs of the charity for the next year.
FUTURE PLANS
The charity plans to continue its activities subject to satisfactory incoming resources.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document and constitutes an unincorporated charity.
Organisational structure
The power to appoint new trustees is vested in the current board. It is not the intention of the trustees of the charity to appoint any new trustees. Should the situation change in the future, the trustees will apply suitable recruitment induction and training procedures.
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ARMITAGE 613
REPORT OF THE TRUSTEES FOR THE PERIOD 28 MAY 2021 TO 31 OCTOBER 2022
STRUCTURE, GOVERNANCE AND MANAGEMENT
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number
1194624
Principal address
27 RIDGE HILL LONDON NW11 8PR
Trustees
I Grossnass (appointed 28.5.21) J Lerner (appointed 28.5.21) Mrs S M Grossnass (appointed 28.5.21)
Independent Examiner
Venitt and Greaves Chartered Accountants 115 Craven Park Road South Tottenham London N15 6BL
Approved by order of the board of trustees on 8 June 2023 and signed on its behalf by:
I Grossnass - Trustee
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ARMITAGE 613
Independent examiner's report to the trustees of ARMITAGE 613
I report to the charity trustees on my examination of the accounts of ARMITAGE 613 (the Trust) for the period 28 May 2021 to 31 October 2022.
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:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
-
the accounts do not accord with those records; or
-
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.
M A Venitt, ACA
Venitt and Greaves Chartered Accountants 115 Craven Park Road South Tottenham London N15 6BL
8 June 2023
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ARMITAGE 613
STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD 28 MAY 2021 TO 31 OCTOBER 2022
| Unrestricted | ||
|---|---|---|
| fund | ||
| Notes | £ | |
| INCOME AND ENDOWMENTS FROM | ||
| Donations and legacies | 56,842 | |
| EXPENDITURE ON | ||
| Charitable activities | ||
| Charitable activities | 54,903 | |
| Other | 720 | |
| Total | 55,623 | |
| NET INCOME | 1,219 | |
| TOTAL FUNDS CARRIED FORWARD | 1,219 |
The notes form part of these financial statements
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ARMITAGE 613
BALANCE SHEET 31 OCTOBER 2022
| Unrestricted | ||
|---|---|---|
| fund | ||
| Notes | £ | |
| CURRENT ASSETS | ||
| Cash at bank | 1,939 | |
| CREDITORS | ||
| Amounts falling due within one year | 3 | (720) |
| NET CURRENT ASSETS | 1,219 | |
| TOTAL ASSETS LESS CURRENT | ||
| LIABILITIES | 1,219 | |
| NET ASSETS | 1,219 | |
| FUNDS | 4 | |
| Unrestricted funds | 1,219 | |
| TOTAL FUNDS | 1,219 |
The financial statements were approved by the Board of Trustees and authorised for issue on 8 June 2023 and were signed on its behalf by:
I Grossnass - Trustee
The notes form part of these financial statements
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ARMITAGE 613
NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD 28 MAY 2021 TO 31 OCTOBER 2022
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.
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.
Governance costs
Goverance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.
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.
2. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the period ended 31 October 2022.
Trustees' expenses
There were no trustees' expenses paid for the period ended 31 October 2022.
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continued...
ARMITAGE 613
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 28 MAY 2021 TO 31 OCTOBER 2022
3. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other creditors
£ 720
4. MOVEMENT IN FUNDS
| MOVEMENT IN FUNDS | |||
|---|---|---|---|
| Net | |||
| movement | At | ||
| in funds | 31.10.22 | ||
| £ | £ | ||
| Unrestricted funds | |||
| General fund | 1,219 | 1,219 | |
| TOTAL FUNDS | 1,219 | 1,219 | |
| Net movement in funds, included in the above are as follows: | |||
| Incoming | Resources | Movement | |
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 56,842 | (55,623) | 1,219 |
| TOTAL FUNDS | 56,842 | (55,623) | 1,219 |
5. RELATED PARTY DISCLOSURES
There were no related party transactions for the period ended 31 October 2022.
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