REGISTERED CHARITY NUMBER: 271610
ACHIEZER VA'ACHISOMACH TRUST
REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021
Sugarwhite Meyer Accountants Ltd First Floor 94 Stamford Hill London N16 6XS
ACHIEZER VA'ACHISOMACH TRUST
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021
| Page | ||
|---|---|---|
| Reference and Administrative Details | 1 | |
| Report of the Trustees | 2 to | 3 |
| Independent Examiner's Report | 4 | |
| Statement of Financial Activities | 5 | |
| Balance Sheet | 6 | |
| Notes to the Financial Statements | 7 to | 9 |
ACHIEZER VA'ACHISOMACH TRUST
REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 30 JUNE 2021
| TRUSTEES | Mr L Lerner |
|---|---|
| Mr D Spitzer | |
| PRINCIPAL ADDRESS | 38 Heathland Road |
| London | |
| N16 5LZ | |
| REGISTERED CHARITY | 271610 |
| NUMBER | |
| INDEPENDENT EXAMINER | Sugarwhite Meyer Accountants Ltd |
| First Floor | |
| 94 Stamford Hill | |
| London | |
| N16 6XS | |
| BANKERS | LLoyds Bank plc |
| 174 Clapton Common | |
| London | |
| E5 9AQ |
Page 1
ACHIEZER VA'ACHISOMACH TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2021
The trustees present their report with the financial statements of the charity for the year ended 31 March 2021.
REFERENCE AND ADMINISTRATIVE INFORMATION
The information is shown on page 1 of the financial statements and forms part of this report.
OBJECTIVES AND ACTIVITIES
Objectives and aims
The charity aims to provides relief from poverty and financial hardship by assisting individuals who are in need of food, clothing, shelter or medical services and who are unable to afford these from their own means. The charity also supports other welfare institutions that provide such assistance, as well as religious and educational organisations in the UK and abroad.
The trustees confirm that they have given due regard the Charity Commission's guidance on public benefit.
ACHIEVEMENT AND PERFORMANCE
Achievement and performance
The trustees are satisfied with the results for the year. There was a substantial increase in income and the trustees increased grantmaking to a level so as to leave a surplus for the year.
FINANCIAL REVIEW
Reserves policy
The trustees do not seek to maintain reserves, other than to ensure that they can continue the activities of the charity. Reserves at the year end were £7,887 (2020 - £1,125 deficit).
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity was established by Declaration of Trust dated 9th May 1976.
Organisational structure and appointment of trustees
The day-to-day affairs of the company are administered by the trustees. It is not the intention of the trustees to appoint any new trustees. Should the situation change in the future, the trustees will apply suitable recruitment induction and training procedures.
Risk management
The trustees have reviewed the major risks that the charity is exposed and confirm that they have established systems to mitigate them.
STATEMENT OF TRUSTEES' RESPONSIBILITIES
The trustees are responsible for preparing the Report of the Trustees 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 and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charity SORP;
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make judgements and estimates that are reasonable and prudent;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
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ACHIEZER VA'ACHISOMACH TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2021
STATEMENT OF TRUSTEES' RESPONSIBILITIES - continued
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to 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 board of trustees on 12 April 2022 and signed on its behalf by:
Mr L Lerner - Trustee
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ACHIEZER VA'ACHISOMACH TRUST
Independent examiner's report to the trustees of Achiezer Va'achisomach Trust
I report to the charity trustees on my examination of the accounts of Achiezer Va'achisomach Trust (the Trust) for the year ended 30 June 2021.
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:
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accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
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the accounts do not accord with those records; or
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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 Rothfeld Sugarwhite Meyer Accountants Ltd First Floor 94 Stamford Hill London N16 6XS
12 April 2022
Page 4
ACHIEZER VA'ACHISOMACH TRUST
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2021
| 2021 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 50,317 EXPENDITURE ON Charitable activities 2 Charitable Activities 41,305 NET INCOME/(EXPENDITURE) 9,012 RECONCILIATION OF FUNDS Total funds brought forward (1,125) TOTAL FUNDS CARRIED FORWARD 7,887 |
2020 Total funds £ 16,743 20,658 (3,915) 2,790 (1,125) |
|---|---|
The notes form part of these financial statements
Page 5
ACHIEZER VA'ACHISOMACH TRUST
BALANCE SHEET 30 JUNE 2021
| Notes CURRENT ASSETS Cash at bank CREDITORS Amounts falling due within one year 6 NET CURRENT ASSETS/(LIABILITIES) TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS/(LIABILITIES) FUNDS Unrestricted funds TOTAL FUNDS |
2021 2020 Total Total funds funds £ £ 8,487 75 (600) (1,200) 7,887 (1,125) 7,887 (1,125) 7,887 (1,125) 7,887 (1,125) 7,887 (1,125) |
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 12 April 2022 and were signed on its behalf by:
Mr L Lerner - Trustee
The notes form part of these financial statements
Page 6
ACHIEZER VA'ACHISOMACH TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021
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
Income received by way of donations is accounted for when received.
Expenditure
Liabilities are recognised in the year in which they are incurred and includes irrecoverable VAT which is reported as part of the expenditure to which it relates.
Grants are only recognised in the accounts when paid.
Support costs are those incurred to assist the work of the charity but are not direct charitable activities.
Governance 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.
Going concern
There are no material uncertainties about the charity's ability to continue.
2. CHARITABLE ACTIVITIES COSTS
| Grant funding of activities Support (see note costs (see 3) note 4) £ £ Charitable Activities 40,346 959 3. GRANTS PAYABLE 2021 £ Charitable Activities 40,346 The total grants paid to institutions during the year was as follows: 2021 £ Relief of poverty 1,446 Advancement of religion 21,400 General purposes 4,000 26,846 |
Totals £ 41,305 |
|---|---|
| 2020 £ 20,000 |
|
| 2020 £ - 9,100 - |
|
| 9,100 |
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ACHIEZER VA'ACHISOMACH TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2021
3. GRANTS PAYABLE - continued
| Belz Synagogue | 19,900 | |||
|---|---|---|---|---|
| Clapton Support and Advice | 4,000 | |||
| Others under £5,000 | 2,946 | |||
| 26,846 | ||||
| The total grants paid to individuals during the year was as follows: | ||||
| 2021 | 2020 | |||
| £ | £ | |||
| Relief of poverty | 13,500 | 10,900 | ||
| SUPPORT COSTS | ||||
| Governance | ||||
| Finance | costs | Totals | ||
| £ | £ | £ | ||
| Charitable Activities | 65 | 894 | 959 | |
| Support costs, included in the above, are as follows: | ||||
| Finance | ||||
| 2021 | 2020 | |||
| Charitable | Total | |||
| Activities | activities | |||
| £ | £ | |||
| General office expenses | 65 | 58 | ||
| Governance costs | ||||
| 2021 | 2020 | |||
| Charitable | Total | |||
| Activities | activities | |||
| £ | £ | |||
| Independent examiner's fee | 180 | 180 | ||
| Independent examiner's other fees | 420 | 420 | ||
| General expenses | 294 | - | ||
| 894 | 600 |
4. SUPPORT COSTS
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30 June 2021 nor for the year ended 30 June 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 30 June 2021 nor for the year ended 30 June 2020.
Page 8
ACHIEZER VA'ACHISOMACH TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2021
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Other creditors | 600 | 1,200 |
7. RELATED PARTY DISCLOSURES
The charity made a donation of £1,500 to Before Trust a charity in which a trustee has an interest.
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