REGISTERED CHARITY NUMBER: 284038
MIFAL TEMICHA LENESIYIN TRUST
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
MIFAL TEMICHA LENESIYIN TRUST
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 |
MIFAL TEMICHA LENESIYIN TRUST
REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 DECEMBER 2020
TRUSTEES Mr H Kahan Mrs R Kahan Mr N Merlin Mr S Pollach PRINCIPAL ADDRESS 18 St Andrew's Grove London N16 5NE REGISTERED CHARITY 284038 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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MIFAL TEMICHA LENESIYIN TRUST
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
Objectives for public benefit
The object of the charity are for such charitable purposes as the trustees may from time to time determine. The trustees confirm that they have given due regard the Charity Commission's guidance on public benefit.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
The charity has helped numerous individuals and families and made grants to other charities. Whilst the majority of cases fall within the Greater London area help is also given to the provinces and further field.
There are constant calls for help all of which are treated with discretion and with sympathy. Cases are carefully considered by the trustees and help given according to circumstances and funds available.
FINANCIAL REVIEW
Financial performance
Income was slightly reduced in the year under review although the trustees increased grantmaking leaving a deficit for the year, being paid from reserves held.
Reserves policy
It is the policy of the trustees to distribute funds as available and therefore no provision is made for future funding. Reserves at the year end were £1,367 (2019 - £6,260).
STRUCTURE, GOVERNANCE AND MANAGEMENT Constitution
The trust is constituted by Declaration of Trust dated 9 November 1981.
Organisational structure
The power to appoint new trustees vests in the board. There is no intention at at present 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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MIFAL TEMICHA LENESIYIN TRUST
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 MIFAL TEMICHA LENESIYIN TRUST
Independent examiner's report to the trustees of Mifal Temicha Lenesiyin Trust
I report to the charity trustees on my examination of the accounts of Mifal Temicha Lenesiyin Trust (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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MIFAL TEMICHA LENESIYIN TRUST
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020
| 2020 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 25,094 EXPENDITURE ON Raising funds 562 Charitable activities 2 Charitable activities 29,425 Total 29,987 NET INCOME/(EXPENDITURE) (4,893) RECONCILIATION OF FUNDS Total funds brought forward 6,260 TOTAL FUNDS CARRIED FORWARD 1,367 |
2019 Total funds £ 27,653 326 22,791 |
|---|---|
| 23,117 | |
| 4,536 1,724 |
|
| 6,260 |
The notes form part of these financial statements
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MIFAL TEMICHA LENESIYIN TRUST
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 £ £ 2,447 6,740 (1,080) (480) 1,367 6,260 1,367 6,260 1,367 6,260 1,367 6,260 1,367 6,260 |
|---|---|
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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MIFAL TEMICHA LENESIYIN TRUST
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 is 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 28,825 600 3. GRANTS PAYABLE 2020 £ Charitable activities 28,825 The total grants paid to institutions during the year was as follows: 2020 £ Relief of poverty 3,980 Advancement of religion 1,410 Advancement of education 3,402 Social welfare 500 9,292 |
Totals £ 29,425 |
Totals £ 29,425 |
|---|---|---|
| 2019 £ 22,311 |
||
| 2019 £ 3,600 1,080 1,055 - |
||
| 5,735 |
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MIFAL TEMICHA LENESIYIN TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020
3. GRANTS PAYABLE - continued
| United Talmudical Associates Ltd | 1,080 |
|---|---|
| Care All Ltd | 1,000 |
| Livnos Bayis | 1,000 |
| Shefa Chaim | 680 |
| Others Under £600 | 1,975 |
| 5,735 | |
4. SUPPORT COSTS
Charitable activities
Governance costs £ 600
Support costs, included in the above, are as follows:
Governance costs
| Governance costs | ||
|---|---|---|
| 2020 | 2019 | |
| Charitable | Total | |
| activities | activities | |
| £ | £ | |
| Independent examiner's fee | 300 | 240 |
| Independent examiner's other fees | 300 | 240 |
| 600 | 480 |
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.
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MIFAL TEMICHA LENESIYIN TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
|---|---|---|---|
| 2020 | 2019 | ||
| £ | £ | ||
| Other creditors | 1,080 | 480 |
7. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2020.
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