Hackeryoung charter kcouTriant5
FOR THE YLAR EI¥DED 31 MARCH 2•22 Statrment of Fxttancial Aclivitie8 Notes to the Accounts li
TRUSTEES, ANNUAL REPORT The trteeS pr&4ent tbeir repjrt and accounts for the year eDded 31 Marcb 2022. Th¢ rnts have been ¢pared in 0[dance with the wuDtin8 plicies set out in note I to the accounts 2nd compty with th¢ charity8 governing d(unKn¢ the Clwities Act 2011 znd 'A¢¢Olti8 and Reporting by Charities: Fina]41 Rwting Stalld8 applicabk in th¢ UK Ind Repubb'c of ]rel8nd (FRS 102)". Charlty Number. 26137& 2nd Floor. 25 Old Bwlill Stre¢L Loth Wis 3AN Trust Melvin Anthony tawsoo FrwKis Colin Katz Independent EnIller Julie M¢llow¢s FCCA of IDveJtment M*natsr Barclays Bank Pl4 I Chuwhill Place. CwWbaT£ Lonth)D E14 5HP The Int T£ an Dtiiticwwated b. COti1e41 a tnwt de•1 d8l¢d 30 May lQ?O and 1$ a rew8ter&l ¢lwity (llumb 261378). The tsust was eslab]i8bed by ao ioitial wft fmm Maurice Lawson (deceased) RIskMaRatTht Th¢ trustee8 have reviewed the Djaior Tisks onthe wotk of the trusL The systa that bave been
TRUSTEES, ANNUAL REPORT FOR THE YKARENDED 31 MtlRCH 2022 (Conthi4 The object of the trust is to the c8pitsI ond illcome of the tntst fillMI for tbe r¢li¢f of povety> of the arts and other 8en¢ral ¢haritabl¢ wpos¢s a8 the Intstee8 in their absohrte discretion think fiL The licies adopted by the in achieving these aims are to make to suitable organisatioD5 thenK8elves charitable in natsy The trus¢ee8 b•ve Conjplied with s¢rtion 17(5) of the 2011 aMiti¢8 A¢L having Tegard for the ChaTity Commwion% guidall on public benefit wheL reviewing the IDJsi% ainw •rd ObJtIVes. wh¢n setting ithe 8rant n)8king policy and in makmg awarth. applications, when fund8 are available. CoMpj with 17 totallmg £121.950 and n)ade to 17 rlwitable orgaD]ollS in the previ¢)us yeor. During the year the clwity received a <knatioD under Gift Aid from Bont¢nt Limited (see also Notes 2 and io}. sustaiDable incKlle from wljich it ts able to m&e thtsatiow to otlw CPrIti and gocrfl Gluses and expect It Is the EK)licy of the charity to relaiti sorre of the Inrne a yw by year b18. The trustee5 consider this prudent as they wish to increase the unrntri¢t¢d fimd4 vknich are the free Teserves of tbe charity. to enable it to provide lry to InXtnI woiects as and when they are requert and to diversify the itivesti iti the light of lowerretwn& The l¢v¢l of r¢serves at 31 Mar¢b 2022 wa8 £4.974.423. Plansfor the policieB describcd aknve.
LAWSON BECKW CHARfrABLE TRusr TRUSTEES, AI¥NUAL REPORT FOR THE YEAR ENDED 31 MARCH 2•22 (conthiDeO) Statement oftrusted, respomsibilit applicable law and United Kingdom AccThmting Standards (United Kingdom Generally Ac¢ept¢d Accountin8 Practice). fmancial year which give a true and fair vigw of the 8tste of affairs of the clthrity and of Ib¢ illwning resources and the oppli¢iin of of the ¢harity for that year. tn PWWiDg these aOunts. the 8el¢¢t Suitable accounling wlicieJ and11 appty thth) Consist, • observe the methods andw1n¢Ie8 in the arolicable CJMritie8 SORP, accurw at any time the financi8] position of the cb4rity gnd ¢nable them to ensu that the accounts comply witb the Clwities Act 2011, the Charity (A¢counts and RepM)rts) Regulations 2008 and the provisiojL8 of the trust dee& They are also rwble for ¥8fegu the assets ofthe ¢1ty and hence M¢lvin 2/.......11o25
Hacker Young 4 TIKTh5 kl¢xe SwaTe Ltrth)ElWIYW FOR THE YEAR ENDRD JI MARCH 2022 Mh 2Q21 wtiich4hTE setaty onpap 5 to 11. This t1810 bj th¢thiity8 ¥ •body. iTr Rctim 145 ofthe awiti< A¢t2011. My r41Mrts of th awits¢•Ad 2011 (Ih• Acry 145{5)(b) of th¢ 2011 A¢L (I) X<¥YJDl1Txtydjvfx ofth¢ byJx¢KQ 130ofthe* or luthiEIW IYW DAt¢. IslIlL3
2022 2021 Unrestrl¢ted funds fund• N•te Income nd End•wments fr•m: Iiy).(X)5 2&050 109229 582J51 Gift aid donations Totsl Ill¢ 137,055 691,580 EJp¢ndlture (4.789) {4,286) Clwitable activities (96,627) (125.843) TDtsI e4Kndttwre Net lts¢om¢ before 89kn(Se5) Invtttmettts 35,639 561.451 io 508.991 (301.403) Net m•verne•t funth 544.630 260,048 Renell19thIn of fund• 4,429.793 4.169.745 Total fund ¢arriwi fonv•rd fA.974.423 £4.429,793
BALANCE SHEET AS AT 31 MARCH 2022 2022 2021 N•ts Fixed asRts io 3,837,428 3,735.084 Cash at bank li 1,141,111 698,594 1,141,111 698,591 Current liabllitie4 (4.116) {3,885) Net currettt *Mets 1,136995 694,709 Y4et Msets £4,974,423 £4.429.793 The funds of the ehxrity fA.Y14.423 £4,429,793 ny z.sl.oi/ioZ3
LAWSON BECKMAN CHARITABLE TRUST
7
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
1 Accounting policies
a) Basis of preparation
The accounts have been prepared in accordance with the charity's trust deed, the Charities Act 2011 and “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)”. The charity is a Public Benefit Entity as defined by FRS 102.
The accounts are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £1.
The accounts have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.
b) Funds structure
All funds are unrestricted. Both the capital and income of the charity can therefore be applied at the discretion of the trustees in the furtherance of the objects of the trust.
c) Income recognition
All income is recognised once the charity has entitlement to the income, there is sufficient certainty of receipt and so it is probable that the income will be received, and the amount of income receivable can be measured reliably.
d) Expenditure recognition
Liabilities are recognised as resources expended as soon as there is a legal or constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category.
e) Irrecoverable VAT
Irrecoverable VAT is charged against the category of resources expended for which it was incurred.
f) Charitable activities
The expenditure on charitable activities includes grants made and governance costs.
Governance costs comprise all costs involving the public accountability of the charity and its compliance with regulation and good practice. These include costs related to independent examination and legal fees.
g) Investments
Investments are stated at market value as at the balance sheet date. In the case of unquoted investments, market value is estimated by the trustees.
h) Gains and losses on investments
All gains and losses are taken to the statement of financial activities as they arise. Realised gains and losses on investments are calculated as the difference between sale proceeds and their opening carrying value or their purchase value if acquired subsequent to the first day of the financial year. Unrealised gains and losses are calculated as the difference between the fair value at the year end and their carrying value. Realised and unrealised investment gains and losses are combined in the Statement of Financial Activities.
LAWSON BECKMAN CHARITABLE TRUST
8
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 (continued)
2 Related party transactions and trustees' remuneration
M A Lawson is a director of Bantent Limited and Telecom Plus Plc. The charity holds investments in both companies. The charity received gift aid donations of £28,050 (2021: £582,351) from Bantent Limited for the year.
No trustee or any person connected with a trustee has received or is due to receive any remuneration for the year directly or indirectly from the charity's funds.
No trustee has been reimbursed for expenses during the year.
| 3 Investment income Dividends - UK quoted securities Interest on cash deposits 4 Expenditure on charitable activities Grants awarded (see notes 5 and 6) Governance costs (see note 7) |
2022 £ 108,926 79 £109,005 2022 £ 92,500 4,127 £96,627 |
2021 £ 108,926 303 £109,229 2021 £ 121,950 3,893 £125,843 |
|---|---|---|
5 Analysis of grants
The charity undertook no direct charitable activities but awarded grants to a number of institutions in furtherance of its charitable activities.
| General Charitable Purposes Education Health and Welfare Religious Activities Total |
£ 22,000 18,000 39,000 13,500 £92,500 |
|---|---|
LAWSON BECKMAN CHARITABLE TRUST
9
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 (continued)
----- Start of picture text -----
6 Grants awarded 2022 2022
£ £
General Charitable UK Friends of Yad Yisroel 10,000
Purposes The Jewish Volunteering Network 5,000
Community Security Trust 5,000
The Together Plan 2,000
22,000
Education Holocaust Educational Trust 5,000
London School of Jewish Studies 2,000
The Du Boisson Dance Foundation 4,000
Jewish Learning Exchange 5,000
UNITAS 2,000
18,000
Health and Welfare Norwood Ravenswood 12,500
Jewish Care (Holocaust Survivors Centre) 12,500
World Jewish Relief 5,000
Nightingale Hammerson 5,000
Teenage Cancer Trust 1,000
Target Ovarian cancer 2,000
The Royal Free Charity 1,000
39,000
Religious Activities United Synagogue 2,500
Central Synagogue 11,000
13,500
Total grants awarded during the year
£92,500
7 Management and administration 2022 2021
£ £
Accountancy fees 4,116 3,885
Bank charges 11 8
£4,127 £3,893
----- End of picture text -----
8 Staff costs
No staff were employed during the year by the charity, the daily administration of the charity being carried out by the trustees.
LAWSON BECKMAN CHARITABLE TRUST
10
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 (continued)
9 Accountancy fees
The remuneration constituted an independent examination fee of £798 (2021 £755) and accountancy and other work of £3,318 (2021 £3,130).
| 10 Analysis of fixed assets Quoted Investments Market value at 31 March 2021 Additions to investments at cost Proceeds from investment disposals Realised gain on disposal of investments Unrealised gain on revaluation of investments Market value at 31 March 2022 |
2022 £ 3,585,084 48,292 (454,939) 64,048 444,943 £3,687,428 |
2021 £ 2,600,150 686,337 - - 298,597 £3,585,084 |
|---|---|---|
The book cost of quoted investments as at 31 March 2022 was £1,281,018 (2021: £1,623,617).
| Unquoted Investments Estimated market value at 31 March 2021* Unrealised loss Estimated market value at 31 March 2022 * |
2022 £ 150,000 - £150,000 |
2021 £ 750,000 (600,000) £150,000 |
|---|---|---|
The book cost of unquoted investments as at 31 March 2022 was £15,033 (2021: £15,033).
- Unquoted investments represent 33 ordinary £1 shares in Bantent Limited (UK company reg. 00653686). The value of the shares held in Bantent Limited is recorded at estimated market value in these financial statements.
The investment in Bantent Limited represents a one-third stake in that company. This holding has not been accounted for as an associated undertaking. Bantent Limited's net income is distributed under Gift Aid.
| 11 Analysis of current assets Cash at bank Barclays Bank accounts Barclays Wealth accounts WH Ireland Limited Total current assets |
2022 £ 619,144 286,325 235,642 £1,141,111 |
2021 £ 516,711 181,883 - £698,594 |
|---|---|---|
LAWSON BECKMAN CHARITABLE TRUST
11
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022 (continued)
----- Start of picture text -----
12 Analysis of liabilities 2022 2021
£ £
Creditors falling due within one year
Accountancy fees 3,318 3,130
Independent examination fees 798 755
Total £4,116 £3,885
----- End of picture text -----