Tatsil Trust
Report
and
Financial
Statements
For The Year Ended 31 March 2021
Charity Number 275750
Tatsil Trust
| Contents | |
|---|---|
| Page | |
| Legal and Administrative Information | 1 |
| Report of The Trustees | 2 and 3 |
| Statement Of Financial Activities | 4 |
| Balance Sheet | 5 |
| Notes forming part of the financial statements | 6 to 8 |
Tatsil Trust
Trustees
Mr. Avrom Chayim Goldman Mrs. Trainda Goldman
Administration Address
11 Fairholt Road London N16 5EW
Charity Number 275750
Page 1
Tatsil Trust
Report of the Trustees
The Trustees present their annual report with accounts of the Charity for the Year Ended 31 March 2021.
Status and Administration
The Charity, constituted by trust deed, dated 10th April 1978, and is a Registered Charity.
Charitable Objects
The Charity's object is to promote the advancement of the Jewish Religion, education and learning of the Orthodox Jewish Faith, and the relief of poverty and such other purposes as recognised by English Law as charitable.
The above objects were continued with during the year.
Trustees
The Trustees in office throughout the year were Mr. Avrom Chayim Goldman Mrs. Trainda Goldman
No trustee nor any person connected with them received any remuneration during the year.
Reserves Policy
The trustees retain reserves as necessary and where appropriate, consolidate funds in order to make more substantial grants which they feel to be appropriate.
Page 2
Tatsil Trust
Report of the Trustees
Responsibilities of the Trustees
Charity Law 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 as at the Balance Sheet Date, and of its incoming resources, including income and expenditure for the financial year.
In preparing those financial statements, the Trustees should follow best practice and
a. Select suitable accounting policies and the apply them consistently.
b. Make judgements and estimates that are reasonable and prudent.
c. Follow applicable accounting standards and the Charities SORP 2015, disclosing and explaining any departures in the financial statements.
d. Prepare the financial statements on the going concern basis unless it is inappropriate to assume that the charity will continue in operation.
The Trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them as Trustees to ensure that the financial statements comply with the Charity Law.
The Trustees are also responsible for safeguarding the charity's assets and hence for taking reasonable steps for the prevention and detection of fraud and other regularities.
Board Of Trustees
The members of the Board Of Trustees are set out on Page 1.
Political and Charitable Donations
During the year, the Charity made grants and donations of £101,406 (2020 £58,352)
Approved by The Trustees of Tatsil Trust on 18 September 2022, and signed on behalf of them all.
Trustee
Mr. Avrom Chayim Goldman
Page 3
Tatsil Trust
Statement Of Financial Activities
For The Year Ended 31 March 2021
| Notes | Unrestricted | 2021 | 2021 | 2020 | |
|---|---|---|---|---|---|
| Funds | Total Funds | Total Funds | |||
| £ | £ | £ | |||
| INCOMING RESOURCES | |||||
| Activities to further the Charity's Objects | 2 | 85,333 | 85,333 | 70,486 | |
| Investment Income and Interest | 0 | 0 | 0 | ||
| 85,333 | 85,333 | 70,486 | |||
| Donations | 0 | 0 | 0 | ||
| Total Incoming Resources | 85,333 | 85,333 | 70,486 | ||
| RESOURCES EXPENDED | |||||
| Costs of Generating Funds | |||||
| Fund Raising Costs | 0 | 0 | 0 | ||
| Net Incoming Resources Available | |||||
| For Charitable Application | 85,333 | 85,333 | 70,486 | ||
| Charitable Expenditure | 3 | ||||
| Cost of Actvities In Furtherance | 105,031 | 105,031 | 63,944 | ||
| of the Charity's Objects | |||||
| Interest on Loan to Purchase Charity's Property | 0 | 0 | 3,754 | ||
| Total Cost of Furtherance Of Charitable Objects | 105,031 | 105,031 | 67,698 | ||
| Governance Costs | 0 | 0 | 180 | ||
| Total Charitable Expenditure | 105,031 | 105,031 | 67,878 | ||
| Total Resources Expended | 3 | 105,031 | 105,031 | 67,878 | |
| Net Movement In Funds | (19,698) | (19,698) | 2,608 | ||
| Total Funds Brought Forward |
473,443 | 473,443 | 470,835 | ||
| Transfer To / (From) Reserves | 0 | 0 | 0 | ||
| Total Funds Carried forward |
11 | £ 453,745 | **£ ** | 453,745 | £ 473,443 |
Page 4
Tatsil Trust
Balance Sheet at 31 March 2021
| Balance Sheet at 31 March 2021 |
|||
|---|---|---|---|
| Notes Fixed Assets Tangible Assets 6 Investments 7 Current Assets Debtors 5 Cash at Bank and in Hand Creditors :Amounts falling due within one year 8 Net Current Liabilities Total Assets Less Current Liabilities Creditors :Amounts falling due after more than one year 9 Net Assets 10 Unrestricted Funds 11 Total Funds 11 |
2021 £ 501,263 134,103 635,366 0 30,808 30,808 (67,492) (36,684) 598,682 (144,937) £ 453,745 453,745 £ 453,745 |
2020 £ 501,263 134,103 635,366 13,494 7,506 21,000 (37,986) (16,986) 618,380 (144,937) |
2020 £ 501,263 134,103 |
| 635,366 13,494 7,506 21,000 (37,986) |
|||
| (16,986) | |||
| 618,380 | |||
| **£ ** | 473,443 | ||
| **£ ** | **£ ** | 473,443 | |
| 473,443 |
Approved by the Trustees on 18 September 2022, and signed on behalf of them all.
Trustee Mr. Avrom Chayim Goldman
The notes on pages 6 to 8 form part of these accounts.
Page 5
Tatsil Trust
Notes To The Accounts - 31 March 2021
1) Principal Accounting Policies
Basis of Accounting
The Accounts have been prepared under the historical cost convention in accordance with the Charities Act (Accounts and Reports) 2011, and the Financial Reporting Standard for Smaller Entities 102, and follow the recommendations in Accounting and Reporting By Charities: Statement of Recommended Practice (effective from April 2015).
Cash Flow
The accounts do not include a cash flow statement because the charity as a small reporting entity is exempt from the requirement to prepare such a statement.
Donations and Fund Accounting
Rental Income received for the general and main purposes of the Charity is included as unrestricted funds in the Statement of Financial Activities when receivable.
Donations and Grants for activities restricted by the donors are taken to restricted funds if the wishes and conditions of the donor are legally binding on the Trustees.
Resources Expended
Management and administration costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements. The irrecoverable element of VAT is included with the item of expense to which it relates.
| 2) Donations Received Rent Receivable 3) Analysis of Total Resources Expended Charitable Activities Cost of Actvities In Furtherance of the Charity's Objects Donations Insuarnce Repairs Interest on Loan to Purchase Charity's Property Total Cost of Furtherance Of Charitable Objects Governance Costs Cost of Generating Funds Total Cost of Actvities In Furtherance of Charitable Objects 4) Governance Costs Accountancy Bank Charges 5) Debtors Other Debtors |
2021 2020 £ £ 49,452 35,072 35,881 35,414 £ 85,333 £ 70,486 2021 2020 £ £ 101,406 58,352 667 774 2,958 4,818 105,031 63,944 0 3,754 0 3,754 105,031 67,698 0 180 105,031 67,878 0 0 £ 105,031 £ 67,878 0 180 0 0 £ 0 £ 180 2021 2020 £ £ 0 13,494 £ 0 £ 13,494 |
2021 2020 £ £ 49,452 35,072 35,881 35,414 £ 85,333 £ 70,486 2021 2020 £ £ 101,406 58,352 667 774 2,958 4,818 105,031 63,944 0 3,754 0 3,754 105,031 67,698 0 180 105,031 67,878 0 0 £ 105,031 £ 67,878 0 180 0 0 £ 0 £ 180 2021 2020 £ £ 0 13,494 £ 0 £ 13,494 |
|---|---|---|
| 13,494 |
Page 6
Tatsil Trust
Notes To The Accounts - 31 March 2021
6) Tangible Fixed Assets
| Cost or valuation At Improvements Revaluations Brought Forward Revaluations this year At Valuation 31 March 2020 31 March 2021 31 March 2021 31 March 2020 |
Freehold Property £ 501,263 0 0 0 501,263 £ 501,263 £ 501,263 |
£ | Total Computers Alarm Sports Equipment £ £ £ £ 501,263 0 0 0 0 0 0 0 0 0 501,263 0 0 0 501,263 £ 0 £ 0 £ 0 501,263 £ 0 £ 0 £ 0 |
|---|---|---|---|
| £ | £ |
The Tangible Fixed Assets comprise investment properties which should not be subject to periodic charges for depreciation and are to be included in the Balance Sheet at their open market value.
7) Investments
| Endowment | Endowment | Endowment | Total | Computers | Computers | Alarm | ||||
|---|---|---|---|---|---|---|---|---|---|---|
| £ | £ | £ | £ | |||||||
| Cost or valuation | ||||||||||
| At | 31 March 2020 | 134,103 | 134,103 | 0 | 0 | |||||
| Additions | 0 | 0 | 0 | 0 | ||||||
| At | 31 March 2021 | 134,103 | 134,103 | 0 | 0 | |||||
| **8) ** | Creditors: | Amounts falling due within one year | ||||||||
| 2021 | 2020 | |||||||||
| £ | £ | |||||||||
| Bank Loans and | Overdrafts | 0 | 0 | |||||||
| Debt due within one year | 0 | 0 | ||||||||
| Other Creditors | 67,312 | 37,806 | ||||||||
| Taxation and Social Security | 0 | 0 | ||||||||
| Accruals | 180 | 180 | ||||||||
| £ 67,492 | £ 37,986 | |||||||||
| **9) ** | Creditors: | Amounts falling due after more than | one | year | ||||||
| 2021 | 2020 | |||||||||
| £ | £ | |||||||||
| Bank Loans and | Overdrafts | 144,937 | 144,937 | |||||||
| Debt due after more than one year | £ 144,937 | £ 144,937 | ||||||||
| **10) ** | Net Assets of The Charity's Funds | Net | ||||||||
| Fixed | Current | Long Term | Fund | |||||||
| Assets | Liabilities | Liabilities | Balances | |||||||
| £ | £ | £ | £ | |||||||
| Restricted Funds | 0 | 0 | 0 | 0 | ||||||
| Unrestricted Funds | 635,366 | (36,684) | (144,937) | 453,745 | ||||||
| Total Funds | £ 635,366 | £(36,684) | £(144,937) | £ 453,745 |
Page 7
Tatsil Trust
Notes To The Accounts - 31 March 2021
11) Unrestricted Funds : Movements In The Year
| **Unrestricted Funds ** | : Movements In The Year | : Movements In The Year | Transfers and | Transfers and | |||
|---|---|---|---|---|---|---|---|
| Investment | |||||||
| Balance at | Gains | Balance at | |||||
| 31 March 2020 | Income | **Expended ** | and Losses | 31 March 2021 | |||
| £ | £ | £ | £ | ||||
| General Reserve | 473,443 | 85,333 | 105,031 | 0 | 453,745 | ||
| Total Funds | £ 473,443 | **£ ** | 85,333 | £ 105,031 | **£ ** | 0 | £ 453,745 |
12) Related Party Transactions
No trustee nor any person connected with them received any remuneration, or claimed any expense, during the year, from this or any related Charity.
There were no Related Party Transactions in the Year.
Page 8
Independent Examiners Report to the Trustees on the Unaudited Accounts of the Charity Tatsil Trust
We report on the financial statements of Tatsil Trust for the year ended 31 March 2021 which comprise the Statement of Financial Activities, the Balance Sheet and the related notes. These financial statements have been prepared, under the historical cost convention, and in accordance with the recommendations in Accounting and Reporting By Charities: Statement of Recommended Practice (Issued 2015), and the Financial Reporting Standard for Smaller Entities 102 (effective 2016), and the accounting policies set out therein.
Respective Responsibilities Of Trustees and Reporting Accountants
As described on page 3, the trustees of the charity are responsible for the preparation of the accounts, and they consider that the audit requirement of section 144 of the Charities Act 2011 (the Act) does not apply. It is our responsibility to state, on the basis of procedures specified in the General Directions given by the Charity Commissioners under section 144 of the Act, whether particular matters have come to our attention.
Basis of Independent Examiner's Report
Our examination was carried out in accordance with the General Directions given by the Charity Commissioners.
An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. These procedures provide only the assurance expressed in our opinion.
The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently we do not express an audit opinion on the view given by the accounts.
Opinion
In our opinion, no matter has come to our attention,
-
1) which gives us reasonable cause to believe that, in any material respect, the requirements a) to keep accounting records in accordance with section 130 of the Act; and
-
b) to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act have not been met; or
-
2) to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Date 18 September 2022
Independent Exmainer
C. Rosen & Co
Page 10