REGISTERED CHARITY NUMBER: 283144
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 30 September 2021
for
The Realm Charitable Trust
Martin+Heller 5 North End Road London NW11 7RJ
The Realm Charitable Trust
Contents of the Financial Statements for the Year Ended 30 September 2021
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | ||
| Notes to the Financial Statements | 6 | to | 10 |
| Detailed Statement of Financial Activities | 11 |
The Realm Charitable Trust
Report of the Trustees for the Year Ended 30 September 2021
The trustees present their report with the financial statements of the charity for the year ended 30 September 2021. 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).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The charity was formed for the advancement of the orthodox Jewish faith, orthodox Jewish religious education, and the relief of poverty in the orthodox Jewish community.The charity's objects are to support charitable institutions or charitable purposes, and in particular to further religious Jewish education and assist in the prevention and relief of poverty.
Public benefit
The trustees confirm their compliance with the duty to have regard to the Public Benefit guidance published by the Charity Commission when reviewing the Charity's aims and objectives in planning future activities.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
The trustees consider that the performance of the charity this year has been most satisfactory. Substantial funds have been granted to institutions during the period from investment income.
FINANCIAL REVIEW
Reserves policy
The charity does not maintain a reserves policy, as reserves are distributed when they become available, at the trustees' discretion. The present level of funding is adequate to support the continuation of its objects and the trustees consider the financial position of the charity to be satisfactory.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
Risk management
The trustees have identified and reviewed the major risks to which the charity is exposed. Both manual and automated checks are regularly invoked, particularly those relating to the operations and finance of the charity. The trustees are satisfied that these systems and procedures mitigate any perceived risks.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
283144
Principal address
24 The Grove NW11 9SH
Trustees
Mr S Feiner Mrs S Feiner
Page 1
The Realm Charitable Trust
Report of the Trustees
for the Year Ended 30 September 2021
REFERENCE AND ADMINISTRATIVE DETAILS
Independent Examiner
Mr A Heller FCA Martin+Heller 5 North End Road London NW11 7RJ Approved by order of the board of trustees on ............................................. and signed on its behalf by:
.......................................................................... Mr S Feiner - Trustee
Page 2
Independent Examiner's Report to the Trustees of The Realm Charitable Trust
Independent examiner's report to the trustees of The Realm Charitable Trust
I report to the charity trustees on my examination of the accounts of The Realm Charitable Trust (the Trust) for the year ended 30 September 2021.
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:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
-
the accounts do not accord with those records; or
-
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.
Mr A Heller FCA Martin+Heller 5 North End Road London NW11 7RJ
Date: .............................................
Page 3
The Realm Charitable Trust
Statement of Financial Activities for the Year Ended 30 September 2021
| 30.9.21 | 30.9.20 | ||
|---|---|---|---|
| Unrestricted | |||
| fund | Total funds | ||
| Notes | £ | £ | |
| INCOME AND ENDOWMENTS FROM | |||
| Investment income | 2 | 53,984 | 49,030 |
| EXPENDITURE ON | |||
| Charitable activities | |||
| Charitable activities | 5,000 | 28,000 | |
| Other | 600 | 600 | |
| Total | 5,600 | 28,600 | |
| NET INCOME | 48,384 | 20,430 | |
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | 146,191 | 125,761 | |
| TOTAL FUNDS CARRIED FORWARD | 194,575 | 146,191 |
The notes form part of these financial statements
Page 4
The Realm Charitable Trust
Balance Sheet 30 September 2021
| 30.9.21 | 30.9.20 | ||
|---|---|---|---|
| Unrestricted | |||
| fund | Total funds | ||
| Notes | £ | £ | |
| CURRENT ASSETS | |||
| Debtors | 6 | 45,000 | 45,000 |
| Investments | 7 | 585,000 | 515,000 |
| Cash at bank | 15,775 | 37,991 | |
| 645,775 | 597,991 | ||
| CREDITORS | |||
| Amounts falling due within one year | 8 | (451,200) | (451,800) |
| NET CURRENT ASSETS | 194,575 | 146,191 | |
| TOTAL ASSETS LESS CURRENT | |||
| LIABILITIES | 194,575 | 146,191 | |
| NET ASSETS | 194,575 | 146,191 | |
| FUNDS | 10 | ||
| Unrestricted funds | 194,575 | 146,191 | |
| TOTAL FUNDS | 194,575 | 146,191 |
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. Mr S Feiner - Trustee
The notes form part of these financial statements
Page 5
The Realm Charitable Trust
Notes to the Financial Statements for the Year Ended 30 September 2021
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
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an 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.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. INVESTMENT INCOME
| INVESTMENT INCOME | ||
|---|---|---|
| 30.9.21 | 30.9.20 | |
| £ | £ | |
| Loan interest received | 53,984 | 49,030 |
Page 6
continued...
The Realm Charitable Trust
Notes to the Financial Statements - continued for the Year Ended 30 September 2021
3. GRANTS PAYABLE
| Charitable activities Total grants paid to institutions is comprised as follows: |
30.9.21 £ 5,000 |
30.9.20 £ 28,000 |
|
|---|---|---|---|
| String Of Pearls | 5,000 | ||
| 5,000 | |||
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30 September 2021 nor for the year ended 30 September 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 30 September 2021 nor for the year ended 30 September 2020.
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | |
|---|---|
| fund | |
| £ | |
| INCOME AND ENDOWMENTS FROM | |
| Investment income | 49,030 |
| EXPENDITURE ON | |
| Charitable activities | |
| Charitable activities | 28,000 |
| Other | 600 |
| Total | 28,600 |
| NET INCOME | 20,430 |
| RECONCILIATION OF FUNDS | |
| Total funds brought forward | 125,761 |
| TOTAL FUNDS CARRIED FORWARD | 146,191 |
continued...
Page 7
The Realm Charitable Trust
Notes to the Financial Statements - continued for the Year Ended 30 September 2021
| 6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other debtors 7. CURRENT ASSET INVESTMENTS Unlisted investments 8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other creditors 9. LOANS An analysis of the maturity of loans is given below: Amounts falling due within one year on demand: Other creditors - Feiner loans 10. MOVEMENT IN FUNDS At 1/10/20 £ Unrestricted funds General fund 146,191 TOTAL FUNDS 146,191 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 53,984 TOTAL FUNDS 53,984 |
|
|---|---|
continued...
Page 8
The Realm Charitable Trust
Notes to the Financial Statements - continued for the Year Ended 30 September 2021
10. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net | |||
|---|---|---|---|
| movement | |||
| At 1/10/19 | in funds | At 30/9/20 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 125,761 | 20,430 | 146,191 |
| TOTAL FUNDS | 125,761 | 20,430 | 146,191 |
| Comparative net movement in funds, included in the above are as follows: | |||
| Incoming | Resources | Movement | |
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 49,030 | (28,600) | 20,430 |
| TOTAL FUNDS | 49,030 | (28,600) | 20,430 |
A current year 12 months and prior year 12 months combined position is as follows:
| Net | |||
|---|---|---|---|
| movement | |||
| At 1/10/19 | in funds | At 30/9/21 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 125,761 | 68,814 | 194,575 |
| TOTAL FUNDS | 125,761 | 68,814 | 194,575 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 103,014 | (34,200) | 68,814 |
| TOTAL FUNDS | 103,014 | (34,200) | 68,814 |
continued...
Page 9
The Realm Charitable Trust
Notes to the Financial Statements - continued for the Year Ended 30 September 2021
11. RELATED PARTY DISCLOSURES
Transactions with trustees during the year were as follows:
Feiner family:
| Feiner family: | ||
|---|---|---|
| 2021 | 2020 | |
| £ | £ | |
| Balance b/f | 435,000 | 435,000 |
| Movement in year | - | - |
| Balance c/f | 435,000 | 435,000 |
Page 10
The Realm Charitable Trust
Detailed Statement of Financial Activities for the Year Ended 30 September 2021
| INCOME AND ENDOWMENTS Investment income Loan interest received Total incoming resources EXPENDITURE Charitable activities Grants to institutions Other Accountancy Total resources expended Net income |
30.9.21 £ 53,984 53,984 5,000 600 5,600 48,384 |
30.9.20 £ 49,030 |
|---|---|---|
| 49,030 28,000 600 |
||
| 28,600 | ||
| 20,430 |
This page does not form part of the statutory financial statements
Page 11