## **RABBI NACHMAN OF**
**BRESLOV CHARITABLE FOUNDATION FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020**
**RABBI NACHMAN OF BRESLOV CHARITABLE FOUNDATION**
## **FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDED 31 DECEMBER 2020**
|INDEX
Charity Information
Indep
Statement of financial activities
Balance Sheet
Notes|Page
1
2-3
4
5
6
7-8|
|---|---|
## **RABBI NACHMAN OF BRESLOV CHARITABLE FOUNDATION**
## **TRUST INFORMATION**
## **FOR THE YEAR ENDED 31 DECEMBER 2020**
|Charity Registration Number|280174|
|---|---|
|Principal Address|8 Hereford Drive|
||Prestwich|
||Manchester|
||M25 0JA|
|Trustees|Mr M H Lowe|
||Mr B Moss-Barclay|
|Independent Examiner|Anthony Epton|
||Goldwins Limited|
||75 Maygrove Road|
||West Hampstead|
||London NW6 2EG|
|Bankers|Santander|
||48-54, Moorgate|
||London|
||EC2R 6EJ|
. .
1
## **RABBI NACHMAN OF BRESLOV CHARITABLE FOUNDATION**
## **THE YEAR ENDED 31 DECEMBER 2020**
The Trustees present their report for the year ended 31 December 2020.
The financial statements have been prepared in accordance with 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 (FRS102- effective 1 January 2015- (Charities SORP FRS 102).
## **Structure, governance and management**
The Governing Document is a trust deed dated 30 April 1990. The trustees meet once yearly to determine the general policy of the charity. The board is kept rather small to allow work being done efficiently.
The Trustees who served the charity during the period were as follows:
Mr M H Lowe Mr B Moss-Barclay
None of the trustees have any beneficial interest in the charity.
## **Objects and activities for public benefit**
The objects of the charity are to promote the advancement of the religion of the orthodox Jewish faith and education in the said faith. This includes in particular the work of Rabbi Nachman of Breslov and his followers.
## **Risk Management**
The charity is aware of the major risks to which it is exposed and monitors them with the effect that all such risks are mitigated wherever possible.
## **Reserves Policy**
The charity maintains a sufficient level of reserves to meet its day to day activities and also its expenditure plans for the next six months. This policy is reviewed regularly.
## **Achievement and performance**
The charity achieved its objects during the year by obtaining donations and disbursing funds so received for charitable purposes which satisfied the charitable criteria established in the objects.
## **Public benefit**
The principal activities of the charity during the year continued to be to to promote the advancement of the religion of the orthodox Jewish faith and education in the said faith. The trustees are aware of the Charity Commission guidance on public benefit reporting as set out in Section 17 Charities Act 2011. The trustees believe that the charity achieves a public benefit by providing these services as detailed earlier in this report.
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RABBI NACHMAN OF BRESL
V CHARrrAB
EFO
ATION
TR
STEE ' REPORT FOR THE YEAR ENDED 31 DECEMBER 2020
Continued...
STATEMENT
F TRUSTEES. RESPONSIBILITIES
Charity law requires the Trustees to prepare financial statements for each financial year. which
give atrue and fairview ofthe state of affairs of the Charity and of its financÉal activities for that
y¢ar tO8cther with its ass¢ts and liabilities at the end of th¢ year, and adequately distinguish any
material special Trust or other restricted fund of the Clwlty. In preparing those fman¢ial
statements the Trustees are required to: _
(a)
select suitable accounting policies and then apply them consistently.
(b)
make judgements and estimat that are reasonable 8nd prudent.
(c)
state whether the policies adopted are in accordance with the appropriate SORP on
Accounting and Reporting by Charities and the Accounting Regulations and with
applicable aceountinB standards. giibject to any material de.parhireg digclose.d and
explained in the fuwn¢ial stat¢m¢nts' and
(d)
prepare the flnancial ststements on the going concern basis unless it Is inappropriate to
assum¢ that tho Charity will contlnue in business.
The Trustees are responsible for keeping proper accounting records which disclose, with
reasonablc a¢cura¢y at any time. the financial position of the Charity. and enable them to ensure
that the financial statements comply with applicable Accountillg Standards and Statements of
Recommended Prdctice and the regulations made under the Charities Act. They are also
responsible for safegliarding the asset5 of th¢ Charity and hence for taking reasonable steps for
the prevention and detection of fraud or other irregularities.
Approvcd by the Board of Trustees on .
signed on its behalf by..
r B Mo55-Barcl4y (Trustee)
**RABBI NACHMAN OF BRESLOV CHARITABLE FOUNDATION**
## **Independent examiner's report to the trustees of Rabbi Nachman of Breslov Charitable Foundation**
I report to the trustees on my examination of the accounts of the Rabbi Nachman of Breslov Charitable Foundation for the year ended 31 December 2020.
## **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 o
unts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
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:
1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. 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 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.
Anthony Epton BA FCA CTA FCIE Goldwins Chartered accountants 75 Maygrove Road West Hampstead London NW6 2EG
Date: 15/10/2021
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## **RABBI NACHMAN OF BRESLOV CHARITABLE FOUNDATION**
## **STATEMENT OF FINACIAL ACTIVITIES**
## **FOR THE YEAR ENDED 31 DECEMBER 2020**
|Income from:
Donations
**Total income**
Expenditure on:
Charitable activities
**Total expenditure**
**Net income/ (expenditure)**
**for the year**
Funds brought forward
Funds carried forward|2020
2019
Notes
£
£
31,875
39,530
______
______
31,875
39,530
______
______
2.
31,806
47,009
______
______
31,806
47,009
______
______
69
(7,479)
2,585
10,064
______
______
2,654
2,585
=====
=====|
|---|---|
All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. The attached notes form part of these financial statements.
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RABBI NACHMAN
RE
V CHARITAB
ATI
BALANCE SHEET
AS AT 31 DECEMBER 2020
2020
2019
ET
Cash at bank
3214
3,140
CREDITORS
Amount falling due within One year
(560)
(555}
NET
RRENT ASSETS
2,654
2.585
Nyf ASSETS
2,654
2,585
2,654
2,585
I1-T-2&d
Approved bythe Board ofTmstsOll..............
signed on its behalf by:
oss-Bar¢lay
rustee)
## **RABBI NACHMAN OF BRESLOV CHARITABLE FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDED 31 DECEMBER 2020**
## **Accounting policies**
## **a) Basis of preparation**
The financial statements have been prepared in accordance with 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 2015) (Charities SORP FRS 102).
The charity meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy or note.
## **b) Income**
Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the income have been met, it is probable that the income will be received and that the amount can be measured reliably.
## **c) Interest receivable**
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.
## **d) Fund accounting**
Unrestricted funds are available to spend on activities that further any of the purposes of charity.
## **e) Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.
## **f) Cash at bank and in hand**
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
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## **RABBI NACHMAN OF BRESLOV CHARITABLE FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDED 31 DECEMBER 2020**
|2.
3.|2020
2019
£
£
CHARITABLE ACTIVITIES
Grants to institutions for educational purposes
22,086
38,654
Wages
8,610
7,700
Bank charges
50
100
Independent examination fee
1,060
535
______
______
31,806
47,009
=====
=====
2020
2019
£
£
CREDITORS:Amounts falling due within one year
Accruals
560
555
______
______
560
555
=====
=====|2019|
|---|---|---|
|||£
555
_____
555
====|
## 4. Emoluments of the trustees
The trustees did not receive any remuneration during the year (2019: Nil). There were no employees in the year (2019: none). There were no employee benefits payments to key management personnel in the year (2019: Nil).
## 5. Related party transactions
During the year, the charity received charitable donations totalling £1,600 (2019: £2,185) from the trustees.
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