TATSIL TRUST
Trustees' report and financial statements for the year ended 31 March 2024
TATSIL TRUST
| Page | |
|---|---|
| Legal and administrativeinformation | 1 |
| Trustees'report | 2 |
| Independent examiner'sreport | 3 |
| Statement of financialactivities | 4 |
| Balancesheet | 5 |
| Notes to the financialstatements | 6-8 |
TATSIL TRUST
Legal and administrative information
Trustees A Ch Goldman T Goldman Charity number 275750 Office 11 Fairholt Road London N16 5EW Independent examiner JS&CO AccountantsLtd 26 Theydon Road London E5 9NA Bankers TSB
Page1
TATSIL TRUST
Trustees'report
for the year ended 31 March 2024
Constitution
The charity is governed by declaration of trust dated 20[th] July 1978.
Organizational structure
The trustees have served throughout the year. The power to appoint new trustees is vested in the current board. All funds are raised by the trustees.
Objects for public benefit
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 recognized by English Law as charitable. The above objects were continued with during the year.
Review of activities and achievements
The trustees are pleased with this years results.
Reserve policy
The charity does not have a specific reserve policy. All appeals for assistance are considered and grants are made in accordance with the circumstances and funds then available.
Risk review
The trustees have reviewed the major risks that the charity faces and confirm that they have established systems to mitigate them.
Statement of trustees' responsibilities
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 at the year end and of its incoming resources and resources expended during that year.In preparing those financial statements, the trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles of the Charities SORP;
-
make judgements and estimates that are reasonable and prudent;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and 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.
This report was approved by the trustees on 25 January 2024 and signed on their behalf by
Trustee
Page2
TATSIL TRUST
Notes to the financial statements
for the year ended 31March 2024
Independent examiner's report to the trustees on the unaudited financial statements of TATSIL TRUST.
I report on the financial statements of the trust for the year ended 31March2024.
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section144(2)of the Charities Act 2011 (the 2011 Act)and that an independent examination is needed.
-
It is my responsibility to:
-
examine the accounts under section 145 of the 2011Act;
-
to follow procedures laid down in the General Directions given by the Charity Commission under section 145(5)(b)ofthe2011Act;and
-
to state whether particular matters have come to my attention.
Basis of independent examiner's report
My examination was carried out in accordance with the General Directions given by the Charity Commission. 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 the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit ,and consequently no opinion is given as to whether the accounts present 'a true and fair view 'and the report is limited to those matters set out in the statement below.
Independent examiner's statement
In connection with my examination ,no matter has come to my attention:
-
(1)which gives me reasonable cause to believe that, in any material respect ,the requirements
-
to keep accounting records in accordance with section130of the 2011Act;and
-
to prepare accounts which accord with the accounting records and comply with the accounting requirements of the2011Act
have not been met ;or
- (2)to which in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
JS & Co Accountants Ltd
26 Theydon Road London E5 9NA
15 January 2025
Page3
TATSIL TRUST
STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 March 2024
| Notes INCOMING RESOURCES Activities to further the Charity's Objects Investment Income and Interest Total Incoming resources RESOURCES EXPENDED Costs of charitable activities Cost of Actvities In Furtherance 3 of the Charity's Objects Governance costs 4 Total resources expended NET INCOMING/(OUTGOING) RESOURCES RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Total 2024 £ 93,523 93,523 84,067 1,420 85,487 8,036 447,153 455,189 |
Total 2023 £ 131,453 |
|---|---|---|
| 131,453 140,078 758 |
||
| 140,836 -9,383 456,536 |
||
| 447,153 |
The Notes form part of the financial statements
-4-
TATSIL TRUST
| 2024 Notes £ £ FIXED ASSETS: Investment property 5 501,263 Other Investments 6 134,103 635,366 CURRENT ASSETS: Cash at bank and in hand 14,767 14,767 CREDITORS: amounts falling due within one year 7 -50,007 Net Current assets/(liabilities) -35,240 Total assets less current 600,126 liabilities CREDITORS: amounts falling 8 -144,937 due after one year NET ASSETS: 455,189 FUNDS Unrestricted funds 9 455,189 TOTAL FUNDS 455,189 BALANCE SHEET 31-Mar-24 |
2023 £ £ 501,263 134,103 635,366 6,700 6,700 -49,976 -43,276 592,090 -144,937 447,153 447,153 447,153 |
2023 £ £ 501,263 134,103 635,366 6,700 6,700 -49,976 -43,276 592,090 -144,937 447,153 447,153 447,153 |
|---|---|---|
| 592,090 -144,937 447,153 |
||
| 447,153 | ||
| 447,153 |
Approved by the board of Trustees on: 15 January 2025 And signed on their behalf by:
Trustee
The Notes form part of these financial statements
-5-
TATSIL TRUST
NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2024
1 ACCOUNTING POLICIES
Accounting convention
These accounts have been prepared in accordance with the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (FRSSE) (effective January 2015). In preparing the accounts, the charity follows best practice as laid down in the Statement of Recommended Practice “Accounting and Reporting by Charities” (SORP) issued in March 2005. Where there is a conflict between the FRSSE and the SORP, the SORP has been adopted in accordance with paragraph 419ff of the SORP.
Incoming resources
All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy.
Resources expended
Resources expended are recognised in the year in which they are incurred
Cost of generating funds are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the charitable activities.
Governance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.
| 2 INCOMING RESOURCES Donations received Rent receivable |
2024 £ 59,245 34,278 93,523 |
2023 £ 98,055 33,398 |
|---|---|---|
| 131,453 |
6
TATSIL TRUST
NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2024
| 2024 | 2023 | |||
|---|---|---|---|---|
| RESOURCES EXPENDED | £ | £ | ||
| 3 | Cost of Actvities In Furtherance of the Charity's Objects | |||
| Grants | 83,328 | 138,830 | ||
| Insurance | 739 | 529 | ||
| Repairs | 719 | |||
| TOTAL | 84,067 | 140,078 | ||
| 4 | Governance costs | 2024 | 2023 | |
| £ | £ | |||
| Accountancy fee | 750 | 720 | ||
| Professional fees | 605 | 0 | ||
| Bank charges | 65 | 38 | ||
| TOTAL | 1,420 | 758 | ||
| 5 | Investment property | |||
| Freehold | ar | Total | ||
| Property | ||||
| £ | £ | £ | ||
| Cost or valuation | ||||
| At 31st March 2023 | 501,263 | 501,263 | ||
| At 31st March 2024 | 501,263 | 501,263 |
The Investment property should not be subject to periodic charges for depreciation and are to be included in the Balance Sheet at their open market value.
6 Other Investments
| Endowment £ Cost or valuation At 31st March 2023 134,103 At 31st March 2024 134,103 |
Total puters £ £ 134,103 134,103 |
|---|---|
7
TATSIL TRUST
NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2024
| 7 CREDITORS DUE WITHIN ONE YEAR Accruals Other Creditors 8 CREDITORS DUE AFTER ONE YEAR Other Creditors |
2024 £ 750 49,257 50,007 2024 £ 144,937 144,937 |
2023 £ 720 49,256 |
|---|---|---|
| 49,976 | ||
| 2023 £ 144,937 |
||
| 144,937 |
- 9 MOVEMENTS IN FUNDS
| Unrestricted funds General fund TOTAL FUNDS |
At 1.04.23 Net movement in funds 447,153 8,036 447,153 8,036 |
At 31.03.24 £ 455,189 |
|---|---|---|
| 455,189 |
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming Rescources resources expended £ £ 93,523 85,487 93,523 85,487 |
Movement in funds £ 8,036 |
|---|---|---|
| 8,036 |
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.
8