THE ALPHA OMEGA CHARITABLE TRUST ANNUAL REPORT FOR THE YEAR ENDED 30 JUNE 2022 REGISTERED CHARITY NO. 265838 THE ALPHA OMEGA CHARITABLE TRUST REGISTERED CHARITY NUMBER 265838 CONTENTS Page Legal and adminislratwe infomiation Report lo the trustees Annual report Receipts and Payments Account Statement of Assets and Liabilities Notes foming part of the finaneial statements 8-10 THE ALPHA OMEGA CHARITABLE TRUST REGISTERED CHARITY NUMBER 265838 TRUST INFORMATION Trustees Professor A Eder Dr S Handelsman Dr M Druian Dr A Marcus Dr J Wolffe Dr E Scher Dr D Selouk (Appointed Sept 20211 Honorary Treasurer Chaiman Secretary Principal Office Academy of Advanced Endodontics 99 Harley Street W1G 6AQ Bankers CAFCASH Limited Kings Hill West Malling Kent ME194TA Independent Examiner Oliver Clive & Co Limited Chartered Accountants 14 David Mews London W1U 6EQ THE ALPHA OMEGA CHARITABLE TRUST REPORT TO THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2022 The trustees present their report and financial statements for the year ended 30 June 2022 The financial statements have been prepared in a¢cordan¢e with the accounting policies set out In note 1 to the financial statements and comply with the charty's constituts'on, the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the Statement of Recommended Practice, 'Accounting and Reporting by Charities., issued in March 2005. StruGtureJ goveman¢g and management The trust is govemed by a deed of trust dated 3 May 1972 and is a registered charity Icharity number 2658381. The trustees who served during the year were.. Professor A Eder Dr S Handelsman Dr M Druian Dr D Selouk Apart from the first Iruslees, every trustee must be aPF)ointed by a ￿$OlUtion of the Iruslees al 8 special meeting called under clause 15 of the trust deed. Dr E Scher Dr A Marcus Dr J Wolffe obl￿tiveS and activities for the public benofit sin￿ its establishment in 1972, the Trust continues to be ex1remely active in its mission to support the 'advancement of dental education, research and care, wherever il is needed,. The Trustees meet regularty to ensure appropriate and prompt distribution of funds to worthy causes which have included dental schools. clinics, care homes and students whilst always creating a posib've social impact and ensuring the highest levels of governance. The trustees confirm that they have referred to the guidan￿ contained in the Charity Commission's gerieral guidance on public benefit when reviewing the Trust's aims and objectives and in planning fLSture activities and setting the grant making policy in the year. Roview of activtties for the year The trust has raised funds for various educational benefits during the year both in Israel and in Great Britain. The tr￿SteeS may invest the unrestricted funds in any type of investment as seen fit. Reserves Pollcy It is the policy of the Charity that unrestrscted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six months expendrture. The Iruslees consider that funds at this level will ensure that in the event of a significant drop in funding they will be able to continue the Charity's current activities while consideration is given lo ways in which additional funds may be raised. Risk managemènt The trustees have examined the major, strategic, business and operation81 risks that the charity faces and confimi that the systems have been established to ensure that these risks are minimised. Indepondent examlner The trnstees inlend to ask the existing independent examiner to undertake the independent examination of the tnjst in the following year. Trustg0s' r88ponsibilitie6 in relation to th• financlal statsmonts The trustees are responsible for preparing the Trustees. Report and the financial statements in accOrdar￿e wilh applicable Lgw and United lQngdom Accounting Standards {United Kingdom The law appltcable to chaTilie5 in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and tsir view of the stste of affairs of the charty and of the incoming resources and applKation of resourceg of the charity for that penod. In preparing these financial statements the trustees are required to: sekct suitable accounting policies and then appty them consistentty,. observe the methods and principles in the Charities SORP", make sudgements and e5ts"mates that are reasonable and prudent,. state whether apFAi¢able accounting standards have been followed, $ubJ"ect to ary material departures disclosed and explained in the financial statements,. and prepare the financial statements on the going concem basis unless it is inappropriate to presume that the charity will continue in business. Trustees The trustees are reswJn$ible for keeping proFer *counting records which disclose with reasonable a￿￿raCY at any lime the financial positton of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the Charty (Accounls and Reports) Regulations 2008 and Ihe promsions of the trust deed. They are also responsiblè for safeguarding the assets of the charity and hence for tsking ￿aSonab￿ steps for the prevention and detectv)n of fraud Approved by the trnstees on ISI 11121 and signed on their behaw by Dr D S•louk Hon Treasurnr Chairnian THE ALPHA OMEGA CHARITABLE TRUST INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 30 JUNE 2022 I report on the financial 8talements of the Trust for the year ended 30 June 2022. which are sel out on pages 6 to 10. Respgctlvg rgsponsibllltle$ of trustees and examlner The charity's trustees are responsible for the preparatlon of the financial slalemenls. The ch8rily's trustees consider that an audit is not required for this year under section 14412) of the Charities Acl 2011 Ilhe 2011 Act} and that an independent examination is needed. It is my responsibility.. to examine the accounts {under section 145 of the 2011 Act}., to follow the procedures laid down in the General Directions given by the Charity Commission (under section 14515lb of the 2011 Actl", and lo stste whether particular matters have come lo my attention. Basis ol independent examinerfs report My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includas a review of the accounting records kept by the charity and a comparison of the financial statements presented with those records. It al80 indudes consideration of any unusual items or disclosures in the financial stalemenls, and seeking explanations from you as trustees concerning any such maiters. The procedures undertaken do not provide all the evidènce that would be required in an audit and Consequently no opinion is given as to whether the finan¢ial slalemenls pre￿nI a 'true and fair view. and the report is limited lo those matters set out in the slalemenl below. Indapèndènt èxamlnof8 Statomant In connection with my examination, no matter has come lo my attention.. lal which gives me reasonable cause to believe that in 8ny materi81 respect the requirements.. lil to keep accounting records in accordan￿ with section 130 of the 2011 Act,. and lill to prepare financial statements which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met,. or Ib} lo which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements lo be reached. Emma Benjamin CA Independent Examiner Oliver Clive & Co Limited Chartered Accountsnts 14 David Mews London W1U6EQ Dated...... Is.1 EI.IL THE ALPHA OMEGA CHARITABLE TRUST REGISTERED CHARITY NUMBER 265838 RECEIPTS AND PAYMENTS AGCOUNT YEAR ENDEQ 30 JUNE 2Q22 Unrestrlcted Funds Re8trl¢tsd Funds 2022 Totsl 2021 Total Not•s In¢ornlng Resources London IUKI Chapter ofApha Omega Othar don8titsns Other ￿$trIcted don8tion¥ Gift Aid Receivable Interest R8ceiv8d Total Ineomlng Resourc8s 25,604 25.604 43.(M)O 20 25,624 20 25,624 43,003 R*8ources Expended Gonts Restricted Grants Trustee Rèimbur8em&nts Bank chargès Totsl Resou￿¥￿ Expended 32,179 32,179 13,000 246 32,425 246 32,425 78 13,078 Net expenditu￿ frjr the ￿ar and N•t M0￿m&nt In funds 16,8011 16,8011 29.925 Fund balane• at 30 Jung 2021 87,418 87,418 57,493 Fund balanc8 at 30 June 2022 80.e17 80,617 87.418 The st8tsrnent of financial activities irfJYes all gains and lossès in tha year and thsreforè a separate ststsrnent of total recI￿niSed gains and 1058es has not been prepared. All of the incoming resources and resources expended derive from continuing 8divitps. The Th)tes on pages 8- 10 form part ol these financia1 statements. THE ALPHA OMEGA CHARITABLE TRUST REGISTERED CHARrrY NUMBER 265838 STATEMENT OF ASSETS AND UABIL￿IEs AS AT 30 JUME 2022 2022 2021 ASH FUNDS Cash at Bank Curreni Account Gold account 58.576 27,461 65,396 27,442 86,037 92,838 OTHER DEBTORS tk)nalions re¢eiv8b Gffl Aid re￿Iva￿e TOTAL PSSETS LESS CURREMT UABIUTES 86.037 92,838 Credllor5: Amounts falllng due after more than one year Loan from London IU.K.I Chwer ofAlpha Omega Dèntsl Volunteers For Isr 5.420 5.420 UNRESTRICTED FUMDS 80,617 87.418 The financral statements set out on pages 6 to 10 were approbEd by the Twstees on and were SIgn￿ on thelr behaw ty. Professor A Ed Chaimian Dr D Selouk Hon T¥oasurer THE ALPHA OMEGA CHARITABLE TRUST NOTES FORMING PART OF THE FINANCIAL STATEMENTS Accountlng Pollcles The principal accounting policies are summarised below. The accounting policies have been applied consislently throughout the year and the preceding year. 1.1 Basis of accountin9 The financi81 ststements h8ve been prepared under the historic81 Cost ¢onvention The financial statements have been prepared in accordance with Accounlirg and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their accounts in accordance ¥Mth the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102} leffecb've 1 January 20151- (Charities SORP IFRS 1021}. This is the flrst year of FRS 102 adoption. Thls has not resulted in any differences to the financial stslements. 1.2 Incomlng Rosourcas All incoming iesources are included in the statement of financial activities vthen the charity is entitled lo the income and the 8mounl can be quantified with reasonable accuracy. The following specific poliaes are applied to particular categofies of income.. Voluntary income is received by way of donabons 8nd gifts and is inclLthd in fvll in the ststement of financial activities when received. The value of services provided by volLmteers has not been included. 1.3 Resources Expended All expènditure Is recognised on an accruals basis. Expenditure includes any VAT which cannot be recovered and is included in the relevant costs in the statement of financial activities. Direct expenditure comprise the cost of donations made,. other eX￿nditUre indudes costs incurred by the charity in delivery of its activities and services for ils beneficiaries. Govemance costs are Ihoso incurred in connection with the administration of the charity and compliance wlh the constitLttional and statutory requirements. 1.4 Fund Accountlng General funds are un￿StriCted funds which are available for use at the discretion of the Trustees in the furtherance of the general objedives of the Charity and which have not been designated for other purposes. Reslricled funds are funds thich are subject to specifie conditions by donors as to how they may be used Trustses None of the trustees lor any persons connected with them) received any remuneration during the year, and none of them were reimbLJrsed any expenses. THE ALPHA OMEGA CHARITABLE TRUST NOTES FORMING PART OF THE FINANCIAL STATEMENTS Accountancy N81 Expenditure are staled after charging.. 2022 2021 Independent examiner8 fee Grants pald The amount paid in the year comprised of the following grants.: 2022 2021 British Friends of Aleh Dr Aron Marcus donab.on Dental Volunteers of Israd Norwood UK Friends of Bell Issie Shapiro Saving Faces Alpha Omega Tel Aviv University Trust TAU Pathology Incubator Change the World Hatzala Israel 2,970 250 13,767 2.461 7,000 2,935 4,815 2,000 3,000 2,190 3.791 32.179 13,000 ststement of restricted funds 1 July 2021 Ineomlng Resources 30 June Resources Exponded 2022 Movement in the year THE ALPHA OMEGA CHARITABLE TRUST NOTES FORMING PART OF THE FINANCIAL STATEMENTS Statement of unrestricted funds 1 July 2021 Incoming Resources Resour¢es Expended 30 June 2022 Movement in the year 87,418 25,624 132,425) 80.817 87,418 25.624 32.425 80,617 1 July 2020 Incoming Resources Resources Expondod 30 June 2021 Movement in Ihe ygar 57.493 43.003 113.0781 87.418 57.493 43.003 13,078 87,418 Analysls of not ass¢ts betw¢en funds Unrgstrlcted Restrlcted Funds Funds Total Fund balances at 30 June 2022 are represented by: Current assets 80.617 80.617 80,617 80,617 10