**REGISTERED CHARITY NUMBER: 283250** ## Report of the Trustees and ## Unaudited Financial Statements for the Year Ended 5 April 2021 ## for ## The Goldschmied Charitable Settlement Rosevale Hart Accountancy Limited 9 St Ann's Park Road London SW18 2RW The Goldschmied Charitable Settlement Contents of the Financial Statements for the Year Ended 5 April 2021 ||Page| |---|---| |Report of the Trustees|1| |Independent Examiner's Report|2| |Statement of Financial Activities|3| |Balance Sheet|4| |Notes to the Financial Statements|5 to 8| |Detailed Statement of Financial Activities|9| The Goldschmied rt of the Trustees forthe Year Ended 5 A ri1202 The trustees present their report with the financial statements of the charity for the year ended S April 2021. The Iwstees have adopted the provisions of Accounts'ng and Reporting by Charities.. Statement of Recommended Practice applicable to charities Preparing their accounts in accordan￿ 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 charty's objectives are the support of general charitable activ1t￿. there are no restr￿ted or erKlowmenl fvnds. The charity to let its propety to Only Connect UK on 1st June 2020 to the end of the financial year. During the year the charity generated income of £38.789 {2020.'£135,560) and made donats'ons of £8,00012020'.£10,500). The deficit for the year was £2,372 {2020'.£73,890 surplus}. The Injstees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing objectiV8s and activities. STRUCTURE, GOVERNANCE AND MANAGEMENT Govornlng documènt The charity was established by a charitable trust deed on 7 August 1981. The day to day running of the charity is managed by the trustees. The settlor of the chartty is M L S Goldschmi8d, who has the power of appointing new trustees. REFERENCE AND ADMINISTRATIVE DETAILS Reglstered Charlty number 283250 Prlnclpgl addr888 39 Ravensbury Road London SW18 4SA Trustees Mrs A Goldschmied M L S Goldschmied Independent Examlner Rosevale Hart Accountancy Limited 9 St Ann's Park Road London SW18 2RW Approv•J by order of the board of trustees on behalf by". '20iZ and signed on its Trustee Page 1 mied Chari ettlement Independeni examlnevs report to the trustees of The Golds¢hrnied Charitsble Settlement I report to the charity trustees on my examination of the accounts of The Goldschmied Charitable SetUement (the Trust) for the year ended 5 April 2021. Responslbllltles arKI basis of report As the charity trustees of th8 Trust you are responsible for the preparation of the accounts in 8cc(xdan¢e wlh the requirements of the Charities Act 2011 (Ihe Act,). I report In respect of my examination of the Trusvs accounts carried out under section 145 of the Act and in carrying OLrt my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)Ib) of Ihe Ad. Independent examlner's stalemenl I have Cx)mp5eted my examination. I confim that no material matters have come lo my att8ntion in connection with Ihe examination giving me cause lo believe that in any material respect: accounting records were not kept in resped of the Trust as required by sedion 130 of the the accounts do not ac￿rd with those records., or the accounts do not comply with the applScable requirements conceming the fom and onlent of accounts set OLrt in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a Irue and fair view which is not a matter considered as part of an independent examination. I have no concems and have come across no other matters in connection wilh the examination to which attention should be drawn in this réport in order to enable a proper understanding of th8 accounts to be reathed. Joanna Hart FCCA Rosevale Hart Accountancy Limited 9 St Ann's Park Road London SW18 2RW Date.. Page 2 The Goldschmied Charitable Settlement ## Statement of Financial Activities for the Year Ended 5 April 2021 |Notes
**INCOME AND ENDOWMENTS FROM**
Investment income
2
**EXPENDITURE ON**
Raising funds
3
**Charitable activities**
Mary Feilding Guild
Southampton Oncology Trust
Friends of St Stephens
Tempo Tots
Governance Costs
**Total**
**NET INCOME/(EXPENDITURE)**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
**TOTAL FUNDS CARRIED FORWARD**|5.4.21
5.4.20
Unrestricted
Total
fund
funds
£
£
38,789
135,560
20,372
41,184
-
10,000
5,000
500
1,000
-
2,000
-
12,789
9,986
41,161
61,670
(2,372)
73,890
1,497,697
1,423,807
1,495,325
1,497,697|5.4.21
5.4.20
Unrestricted
Total
fund
funds
£
£
38,789
135,560
20,372
41,184
-
10,000
5,000
500
1,000
-
2,000
-
12,789
9,986
41,161
61,670
(2,372)
73,890
1,497,697
1,423,807
1,495,325
1,497,697| |---|---|---| |||61,670| |||73,890
1,423,807| |||1,497,697| The notes form part of these financial statements Page 3 hmi ment Balance Sheet ri12021 5.4.21 Unrestrided fund 5.4.20 Total funds Notes FIXED ASSETS Tangible assets 1,327,908 1,318.869 CURRENT ASSErs Debtors Cash at bank 307,155 18,433 286,833 34,497 325.588 321.330 CREDITORS Amounts falling due within one year (18,047) (14,496) NET CURRENT ASSETS 307.541 306,834 TOTAL ASSETS LESS CURRENT UABILITIES 1,635,449 1,625,703 CREDITORS Amounts falling due after more than one year (140,1241 (128,W6) NET ASSErs 1.495.325 1,497,697 FUNDS Unrestri¢ted fjJnds 1,495,325 1,497,697 TOTAL FUNDS 1,495,325 1,497,697 The financial statements were approved by the Board of Trustees and authorised for issue on .li)A4and were signed on its behaff by: Trustee The notes fomi part of these financial statements Page 4 The Goldschmied Charitable Settlement Notes to the Financial Statements for the Year Ended 5 April 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. ## **Tangible fixed assets** Investment properties are included in the Statement of Financial Position at their open market value determined annually by the trustees or external valuers and derived from the current market rents and investment property yields for comparable real estate. No depreciation is provided. Changes in fair value are recognized in the Statement of Financial Activities. ## **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. Page 5 continued... The Goldschmied Charitable Settlement Notes to the Financial Statements - continued for the Year Ended 5 April 2021 |**2.**
**INVESTMENT INCOME**
Rents received
Insurance recharge
Deposit account interest
**3.**
**RAISING FUNDS**
**Raising donations and legacies**
Support costs
**Investment management costs**
Property repairs
Aggregate amounts
**4.**
**TRUSTEES' REMUNERATION AND BENEFITS**
Trustees' fees||5.4.21
£
31,500
606
6,683
38,789
5.4.21
£
93
5.4.21
£
138
20,372
5.4.21
£
10,625|5.4.20
£
121,223
14,337
-|5.4.20
£
121,223
14,337
-| |---|---|---|---|---| ||||135,560|| |||||5.4.20
£
138
5.4.20
£
34,234| |||||41,184| |||||5.4.20
£
-| ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 5 April 2021 nor for the year ended 5 April 2020. Page 6 continued... The Goldschmied Charitable Settlement Notes to the Financial Statements - continued for the Year Ended 5 April 2021 |**5.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
**INCOME AND ENDOWMENTS FROM**
Investment income
**EXPENDITURE ON**
Raising funds
**Charitable activities**
Mary Feilding Guild
Southampton Oncology Trust
Governance Costs
**Total**
**NET INCOME**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
**TOTAL FUNDS CARRIED**
**FORWARD**
**6.**
**TANGIBLE FIXED ASSETS**
**COST**
At 6 April 2020
Additions
At 5 April 2021
**NET BOOK VALUE**
At 5 April 2021
At 5 April 2020||Unrestricte
fund
£
135,560
41,184
10,000
500
9,986
61,670
73,890
1,423,807
1,497,697
Freehold
property
£
1,318,869
9,039
1,327,908
1,327,908
1,318,869| |---|---|---| |||| |||| |||| The freehold land and buildings, which had an original cost of £806,969 (2021:£1,327,908) were valued at 5 April 2021 on an open market existing use basis by the trustees. Page 7 continued... The Goldschmied Charitable Settlement ## Notes to the Financial Statements - continued for the Year Ended 5 April 2021 ## **7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** |Other debtors
**8.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Bank loans and overdrafts (see note 10)
Accrued expenses|5.4.21
£
307,155
5.4.21
£
15,747
2,300
18,047|5.4.20
£
286,833|5.4.20
£
286,833| |---|---|---|---| ||||5.4.20
£
13,696
800| ||||14,496| The bank loan is secured by a fixed and floating charge over the freehold property. ## **9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR** |||5.4.21|5.4.20| |---|---|---|---| |||£|£| |Bank loans (see note|10)|140,124|128,006| The bank loan is secured by a fixed and floating charge over the freehold property. ## **10. LOANS** An analysis of the maturity of loans is given below: |Amounts falling due within one year on demand:
Bank loans
Amounts falling due between two and five years:
Bank loans - 2-5 years|5.4.21
£
15,747
140,124|5.4.20
£
13,696| |---|---|---| |||128,006| ## **11. RELATED PARTY DISCLOSURES** At the balance sheet date there was a loan owed to the charity of £175,000 (2019:£52,538) by The Marco Goldschmied Foundation. The Marco Goldschmied Foundation is considered a related party by virtue of the fact that M L S Goldschmied is a trustee. Page 8 The Goldschmied Charitable Settlement |Detailed Statement of Financial Activities
for the Year Ended 5 April 2021
**INCOME AND ENDOWMENTS**
**Investment income**
Rents received
Insurance recharge
Deposit account interest
**Total incoming resources**
**EXPENDITURE**
**Other trading activities**
Bad debts
Mortgage
**Investment management costs**
Property repairs
**Charitable activities**
Grants to institutions
**Support costs**
**Management**
Light and heat
**Finance**
Bank charges
**Governance costs**
Trustees' fees
Insurance
Accountancy and legal fees
Total resources expended
**Net (expenditure)/income**|5.4.21
£
31,500
606
6,683
38,789
38,789
1,831
5,245
7,076
138
8,000
78
15
10,625
5,423
9,806
25,854
41,161
(2,372)|5.4.20
£
121,223
14,337
-| |---|---|---| |||135,560| |||135,560
-
6,812| |||6,812
34,234
10,500
138
-
-
6,186
3,800| |||9,986| |||61,670| |||73,890| This page does not form part of the statutory financial statements Page 9