**Charity Number 279190**
## **THE H AND M DEUTSCH CHARITABLE TRUST FINANCIAL STATEMENTS**
**For the year ended 31 December 2023**
**THE H AND M DEUTSCH CHARITABLE TRUST**
## **FINANCIAL STATEMENTS**
## **YEAR ENDED 31 DECEMBER 2023**
|**CONTENTS**|**PAGE**|
|---|---|
|Trustees and professional advisers|**1**|
|Trustees Annual Report|**2-4**|
|Independent examiner report|**5**|
|Statement of financial activities|**6**|
|Statement of Financial Position|**7**|
|Notes to the financial statements|**8-9**|
**THE H AND M DEUTSCH CHARITABLE TRUST**
## **TRUSTEES AND PROFESSIONAL ADVISERS**
**Registered charity name** THE H AND M DEUTSCH CHARITABLE TRUST **Charity number** 279190 **Principal office** 34 Allerton Road London N16 5UF **Trustees** Mr H Deutsch Mr A Y Royde Mr Z Friedman **Chair** Mr H Deutsch **Bankers** Barclays Bank PLC **Independent examiner** JS&Co Accountants Ltd 26 Theydon Road London E5 9NA
**- 1 -**
**THE H AND M DEUTSCH CHARITABLE TRUST**
## **TRUSTEES ANNUAL REPORT**
## **YEAR ENDED 31 DECEMBER 2023**
The trustees have pleasure in presenting their report and the unaudited financial statements of the charity for the year ended 31 December 2023.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
Reference and administrative details are shown in the schedule of trustees and professional advisers on page 1 of the financial statements.
## **THE TRUSTEES**
The trustees who served the company during the period were as follows:
Mr H Deutsch Mr A Y Royde Mr Z Friedman
All major decisions are taken collectively by the trustees.
The trustees are unpaid and details of any related party transactions are disclosed as applicable in the notes to the accounts.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
The charity is an unincorporated charity registered with the Charity Commission (Registration No. 279190).The charity is governed by its Trust Deed dated 16[th] November 1979.
Recruitment and appointment of new trustees would be in line with the Trust Deed and with the consent of the trustees. The criteria set for the suitable candidate would be someone who is sensitive to the needs and demands of the organisation.
## **OBJECTIVES AND ACTIVITIES**
The Charity's net income is disbursed by way of grants to other charities, at the trustees' discretion, for religious activities, education and training, medical, health and general charitable purposes. The Trust Deed authorises the trustees to make and hold investments using the general funds of the charity
## **ACHIEVEMENTS AND PERFORMANCE**
The charity managed to raise £28,738 via donations received and rental income from its investment property. £27,739 of it were distributed to local institutions and the needy.
**- 2 -**
## **THE H AND M DEUTSCH CHARITABLE TRUST**
## **TRUSTEES ANNUAL REPORT**
## **YEAR ENDED 31 DECEMEBER 2023**
## **FINANCIAL REVIEW**
In the year concerned , the trust continued to receive investment income.
The Trust's incoming resources for the year totalled £28,738 and resources expended totalled £28,358.resulting net incoming resources £380 at the end of the year **Reserves policy**
The trustees aim to build up free reserves to a level of 3 months of student grant funding.
## **Risk management**
The trustees have examined the major strategic, business and operational risks which the charity faces and confirm that systems have been established to enable regular reports to be produced so that the necessary steps can be taken to manage these risks.
## **PLANS FOR FUTURE PERIODS**
The Trustees hope to be able to maintain income levels, to enable them to maximise the scale of charitable donations in future years.
Signed on behalf of the trustees
.......................................................... Mr H Deutsch Trustee
28/10/2024
**- 3 -**
**THE H AND M DEUTSCH CHARITABLE TRUST**
## **TRUSTEES ANNUAL REPORT**
## **YEAR ENDED 31 DECEMEBER 2023**
The charity's trustees are responsible for preparing the Trustees Annual Report 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 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 of the charity for that period. In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping proper accounting records that 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 and the Charity (Accounts and Reports) Regulations 2008. The trustees 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.
**- 4 -**
**THE H AND M DEUTSCH CHARITABLE TRUST**
## **INDEPENDENT EXAMINER’S STATEMENT**
## **YEAR ENDED 31 DECEMEBER 2023**
I report on the accounts of the charity for the year ended 31 December 2023 set out on pages 6 to 9.
## **RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND INDEPENDENT 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 section 144 of the Charities Act 2011 (“the Act”) and that an independent examination is needed.
It is my responsibility to:
- examine the accounts under section 145 of the Act;
- to follow the procedures laid down in the general directions given by the Charity Commission (under Section 145(5)(b) of the Charities Act); and
- state whether particular matters have come to my attention.
## **BASIS OF INDEPENDENT EXAMINER’S STATEMENT**
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:
- a) which gives me reasonable cause to believe that, in any material respect, the requirements:
- to keep accounting records in accordance with Section 130 of the Charities Act; and
- to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met; or
- b) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Balazs Nezmi FCCA JS&CO Accountants Ltd 26 Theydon Road London N15 6AH
28 October 2024
**-5-**
## THE H AND M DEUTSCH CHARITABLE TRUST
## STATEMENT OF FINANCIAL ACTIVITIES
for the year ended 31 December 2023
|Notes
INCOMING RESOURCES
Incoming resources from generated funds
2
Voluntary Income
Investment Income
3
Total Incoming resources
RESOURCES EXPENDED
Costs of charitable activities
Charitable activities
4
Governance costs
5
Total resources expended
NET INCOMING/(OUTGOING)
RESOURCES
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD|2023
£
22,100
6,638
28,738
27,739
619
28,358
380
53,107
53,487|2022
£
16,004
3,316
19,320
19,172
18|
|---|---|---|
|||19,190
130
52,977|
|||53,107|
6
## THE H AND M DEUTSCH CHARITABLE TRUST
|2023
Notes
£
£
FIXED ASSETS
Freehold Property
6
69,860
CURRENT ASSETS:
Cash at bank and in hand
1,317
1,317
CREDITORS: amounts falling
due within one year
7
-17,690
Net Current assets/(liabilities)
-16,373
TOTAL ASSETS LESS CURRENT LIABILITIES
53,487
FUNDS
8
Unrestricted funds
53,487
TOTAL FUNDS
53,487
BALANCE SHEET
31-Dec-23|2022
£
£
69,860
337
337
-17,090
-16,753
53,107
53,107
53,107|2022
£
£
69,860
337
337
-17,090
-16,753
53,107
53,107
53,107|
|---|---|---|
||||
|||53,107|
|||53,107|
|||53,107|
Approved by the board of Trustees on: 28 October 2024 And signed on their behalf by:
Trustee
7
## THE H AND M DEUTSCH CHARITABLE TRUST
## NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2023
## 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
## 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
Expenditure is accounted for on accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
## 2 VOLUNTARY INCOME
|2 VOLUNTARY INCOME||
|---|---|
|Donations received
3 INVESTMENT INCOME
Rent received
4 CHARITABLE ACTIVITIES
Donations made to institutions and the needy|Unrestricted
Funds
Total
Funds
2023
Total
Funds
2022
£
£
£
22,100
22,100
16,004|
||Unrestricted
Funds
Total
Funds
2023
Total
Funds
2022
£
£
£
6,638
6,638
3,316|
||Unrestricted
Funds
Total
Funds
2023
Total
Funds
2022
£
£
£
27,739
27,739
19,172|
||27,739
27,739
19,172|
8
## THE H AND M DEUTSCH CHARITABLE TRUST
## NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2023
## 5 GOVERNANCE COSTS
|GOVERNANCE COSTS|||
|---|---|---|
|Accountancy
Bank charges|Unrestricted
Total Funds
2023
2023
£
£
600
600
19
19
619
619|Total Funds
2022
£
0
18|
|||18|
## 6 FIXED ASSETS
## Freehold Investment properties
|Freehold Investment properties
Cost|2023
£
69,860
69,860|2022
£
69,860|
|---|---|---|
|||69,860|
## 7 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
|CREDITORS: AMOUNTS FALLING
DUE WITHIN ONE YEAR||||
|---|---|---|---|
|Accruals
loan
MOVEMENTS IN FUNDS
At 1.1.23
£
Unrestricted funds
General fund
53,107
TOTAL FUNDS
53,107
Net movement in funds, included in the above are as follows:
Incoming
resources
Unrestricted funds
£
General fund
28,738
TOTAL FUNDS
28,738|At 1.1.23
£
53,107|2023
£
600
17,090
17,690
Net movement
in funds
£
380
380
Resources
expended
£
28,358
28,358|2022
£
0
17,090|
||||17,090|
||||At 31.12.23
£
53,487|
||53,107||53,487|
||||Movement in
funds
£
380|
||28,738||380|
- 8 MOVEMENTS IN FUNDS
## 8 TAXATION
The H and M Charitable Trust is a registered charity and therefore is not liable to income tax or corporation tax on income derived from its charitable activities, as it falls within the various exemptions available to registered charities.
9