REGISTERED CHARITY NUMBER: 283011
KUPAS TZEDOKO VOCHESED TRUST
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
Sugarwhite Meyer Accountants Ltd First Floor 94 Stamford Hill London N16 6XS
KUPAS TZEDOKO VOCHESED TRUST
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
| 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 |
KUPAS TZEDOKO VOCHESED TRUST
REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 DECEMBER 2023
TRUSTEES Mr H Kahan Mr M Reichman Mr A Galandeuer PRINCIPAL ADDRESS 72 Wargrave Avenue London N15 6UB REGISTERED CHARITY 283011 NUMBER INDEPENDENT EXAMINER Sugarwhite Meyer Accountants Ltd First Floor 94 Stamford Hill London N16 6XS BANKERS Santander UK plc BBAM Bridle Road Bootle Merseyside L30 4GB
Page 1
KUPAS TZEDOKO VOCHESED TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023
The trustees present their report with the financial statements of the charity for the year ended 31 December 2023. The trustees have adopted the provisions of 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).
REFERENCE AND ADMINISTRATIVE INFORMATION
The information is shown on page 1 of the financial statements and forms part of this report.
OBJECTIVES AND ACTIVITIES
Objects for public benefit
The objects of the charity are the relief of the poor, needy and sick and the advancement of Jewish Religious Education.
The trustees confirm that they have given due regard the Charity Commission's guidance on public benefit.
Review of activities
Grants were made to families as well as needy, sick, unemployed, widows and incapacitated persons. Whilst the majority of cases are in Greater London, help is also given to the provinces and further afield.
There are constant calls for help all of which are treated discreetly and with sympathy. Cases are carefully considered at meetings held at various times and help given according to the circumstances and funds available.
Funds are raised by the Trustees and a team of voluntary helpers. In addition, appeals are made to the Jewish community before the Jewish Holidays.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
The trustees are pleased with the results of the year. There was a reduction in income this year although the trustees increased grantmaking which left a deficit for the year, being funded from reserves held.
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 £1,997 (2022 - £12,501) being free reserves.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Constitution
The Trust is constituted under Deed of Trust dated 17th June 1981.
Organisational structure
The power to appoint new trustees is vested in the board. It is not the intention of the trustees of the charity to appoint any new trustees. Should the situation change in the future, the trustees will apply suitable recruitment induction and training procedures
Risk
The trustees have confirmed that there are no major risks to which the charity is exposed.
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).
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KUPAS TZEDOKO VOCHESED TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023
STATEMENT OF TRUSTEES' RESPONSIBILITIES - continued
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.
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 30 October 2024 and signed on its behalf by:
Mr H Kahan - Trustee
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF KUPAS TZEDOKO VOCHESED TRUST
Independent examiner's report to the trustees of Kupas Tzedoko Vochesed Trust
I report to the charity trustees on my examination of the accounts of Kupas Tzedoko Vochesed Trust (the Trust) for the year ended 31 December 2023.
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 2. 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.
E Meyer FCA BSc
Sugarwhite Meyer Accountants Ltd First Floor 94 Stamford Hill London N16 6XS
30 October 2024
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KUPAS TZEDOKO VOCHESED TRUST
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023
| 2023 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 69,328 EXPENDITURE ON Raising funds 2 1,225 Charitable activities 3 Grantmaking 77,263 Support 1,344 Total 79,832 NET INCOME/(EXPENDITURE) (10,504) RECONCILIATION OF FUNDS Total funds brought forward 12,501 TOTAL FUNDS CARRIED FORWARD 1,997 |
2022 Total funds £ 84,561 |
|---|---|
| 1,250 75,179 1,224 |
|
| 77,653 | |
| 6,908 5,593 |
|
| 12,501 |
The notes form part of these financial statements
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KUPAS TZEDOKO VOCHESED TRUST
BALANCE SHEET 31 DECEMBER 2023
| Notes CURRENT ASSETS Cash at bank CREDITORS Amounts falling due within one year 7 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS Unrestricted funds TOTAL FUNDS |
2023 Total funds £ 3,341 (1,344) 1,997 1,997 1,997 1,997 1,997 |
2022 Total funds £ 13,371 (870) 12,501 12,501 12,501 12,501 12,501 |
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 30 October 2024 and were signed on its behalf by:
Mr H Kahan - Trustee
The notes form part of these financial statements
Page 6
KUPAS TZEDOKO VOCHESED TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
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
Donations are 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.
Raising funds comprise the costs incurred by the charitable company in inducing third parties to make voluntary contributions to it, as well as the cost of any activities with a fundraising purpose.
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. RAISING FUNDS
Raising donations and legacies
| Postage and stationery Travelling |
2023 £ 927 298 1,225 |
2022 £ 880 370 |
|---|---|---|
| 1,250 |
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KUPAS TZEDOKO VOCHESED TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023
3. CHARITABLE ACTIVITIES COSTS
| 3. | CHARITABLE ACTIVITIES COSTS | ||||||
|---|---|---|---|---|---|---|---|
| Grant | |||||||
| funding | of | ||||||
| activities | Support | ||||||
| (see note | costs (see | ||||||
| 4) | note 5) | Totals | |||||
| £ | £ | £ | |||||
| Grantmaking | 77,263 | - | 77,263 | ||||
| Support | - | 1,344 | 1,344 | ||||
| 77,263 | 1,344 | 78,607 | |||||
| 4. | GRANTS PAYABLE | ||||||
| 2023 | 2022 | ||||||
| £ | £ | ||||||
| Grantmaking | 77,263 | 75,179 | |||||
| The total grants paid to institutions during the year was as follows: | |||||||
| 2023 | 2022 | ||||||
| £ | £ | ||||||
| Relief of poverty | - | 11,800 | |||||
| Advancement of education | - | 3,865 | |||||
| Advancement of religion | - | 2,046 | |||||
| Social welfare | - | 1,022 | |||||
| - | 18,733 | ||||||
| The total grants paid to individuals during the year was as follows: | |||||||
| 2023 | 2022 | ||||||
| £ | £ | ||||||
| Relief of poverty | 77,263 | 56,446 | |||||
| 5. | SUPPORT COSTS | ||||||
| Governance | |||||||
| costs | |||||||
| £ | |||||||
| Support | 1,344 |
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KUPAS TZEDOKO VOCHESED TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023
5. SUPPORT COSTS - continued
Support costs, included in the above, are as follows:
Governance costs
| Governance costs | ||
|---|---|---|
| 2023 | 2022 | |
| Total | ||
| Support | activities | |
| £ | £ | |
| Independent examiner's fee | 360 | 360 |
| Independent examiner's other fees | 630 | 510 |
| General expenses | 354 | 354 |
| 1,344 | 1,224 |
6. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2023 nor for the year ended 31 December 2022.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2023 nor for the year ended 31 December 2022.
7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Other creditors | 1,344 | 870 |
8. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2023.
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