REGISTERED CHARITY NUMBER: 283256
OTSER GEMILLUS CHASODIM
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
Sugarwhite Meyer Accountants Ltd First Floor 94 Stamford Hill London N16 6XS
OTSER GEMILLUS CHASODIM
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
| 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 |
OTSER GEMILLUS CHASODIM
REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 DECEMBER 2020
TRUSTEES Mr F Getter Mr H Kahan Mrs R Kahan PRINCIPAL ADDRESS 54 Fairholt Road London N16 5HW REGISTERED CHARITY 283256 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
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OTSER GEMILLUS CHASODIM
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020
The trustees present their report with the financial statements of the charity for the year ended 31 December 2020. 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
Objective for public benefit
The objects of the charity are the relief of the poor, needy and sick and the advancement of the Jewish Religion and Education.
The trustees confirm that they have given due regard the Charity Commission's guidance on public benefit.
Review activities and achievement
The trustees are satisfied with the results for the year. Funds are raised by the trustees and voluntary helpers. In addition, appeals are made to the Jewish community normally two or three times per annum before Jewish Holy Days.
There was an increase in donations of about one third over the previous year, and a small increase in grantmaking, leaving a surplus for the year.
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.
The charity has helped numerous individuals and families over the years and whilst the majority of cases are in Greater London, help is also given to the provinces and further afield. In addition the charity has assisted other charities with similar objects with small donations.
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 £1,726 (2019 - £4,443).
STRUCTURE, GOVERNANCE AND MANAGEMENT
Constitution
The charity is constituted under Deed of Trust dated 19th June 1981.
Organisational structure
The power to appoint new trustees is vested in the board. It is not the intention of the trustees to appoint any new trustees. Should the situation change in the future, the trustees will apply suitable recruitment induction and training procedures.
Risk management
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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OTSER GEMILLUS CHASODIM
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020
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 28 October 2021 and signed on its behalf by:
Mr H Kahan - Trustee
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF OTSER GEMILLUS CHASODIM
Independent examiner's report to the trustees of Otser Gemillus Chasodim
I report to the charity trustees on my examination of the accounts of Otser Gemillus Chasodim (the Trust) 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 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
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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
28 October 2021
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OTSER GEMILLUS CHASODIM
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020
| 2020 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 25,223 EXPENDITURE ON Raising funds 571 Charitable activities 2 Charitable activities 27,369 Total 27,940 NET INCOME/(EXPENDITURE) (2,717) RECONCILIATION OF FUNDS Total funds brought forward 4,443 TOTAL FUNDS CARRIED FORWARD 1,726 |
2019 Total funds £ 36,803 622 34,844 |
|---|---|
| 35,466 | |
| 1,337 3,106 |
|
| 4,443 |
The notes form part of these financial statements
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OTSER GEMILLUS CHASODIM
BALANCE SHEET 31 DECEMBER 2020
| Notes CURRENT ASSETS Cash at bank CREDITORS Amounts falling due within one year 6 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS Unrestricted funds TOTAL FUNDS |
2020 2019 Total Total funds funds £ £ 3,046 5,043 (1,320) (600) 1,726 4,443 1,726 4,443 1,726 4,443 1,726 4,443 1,726 4,443 |
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 28 October 2021 and were signed on its behalf by:
Mr H Kahan - Trustee
The notes form part of these financial statements
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OTSER GEMILLUS CHASODIM
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
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
Income received by way of donations is 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.
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. CHARITABLE ACTIVITIES COSTS
| Grant funding of activities Support (see note costs (see 3) note 4) £ £ Charitable activities 26,649 720 3. GRANTS PAYABLE 2020 £ Charitable activities 26,649 |
Totals £ 27,369 |
|---|---|
| 2019 £ 34,016 |
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OTSER GEMILLUS CHASODIM
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020
| 3. | GRANTS PAYABLE - continued | |||
|---|---|---|---|---|
| The total grants paid to institutions during the year was as follows: | ||||
| 2020 | 2019 | |||
| £ | £ | |||
| Relief of poverty | 4,760 | 5,570 | ||
| Advancement of religion | - | 180 | ||
| Advancement of education | 2,480 | 4,870 | ||
| Medical | - | 500 | ||
| Social welfare | 1,125 | - | ||
| 8,365 | 11,120 | |||
| The total grants paid to individuals during the year was as follows: | ||||
| 2020 | 2019 | |||
| £ | £ | |||
| Relief of poverty | 18,284 | 22,896 | ||
| 4. | SUPPORT COSTS | |||
| Governance | ||||
| costs | ||||
| £ | ||||
| Charitable activities | ||||
| 720 | ||||
| Support costs, included in the above, are as follows: | ||||
| Governance costs | ||||
| 2020 | 2019 | |||
| Charitable | Total | |||
| activities | activities | |||
| £ | £ | |||
| Independent examiner's fee | 180 | 120 | ||
| Independent examiner's other fees | 540 | 480 | ||
| General expenses | - | 228 | ||
| 720 | 828 |
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OTSER GEMILLUS CHASODIM
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2020 nor for the year ended 31 December 2019.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2020 nor for the year ended 31 December 2019.
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 2020 | 2019 | |
|---|---|---|
| £ | £ | |
| Other creditors | 1,320 | 600 |
7. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2020.
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