## **Bear Mordechai Ltd** (Limited by guarantee) ## Financial Statements For the year ended 31 March 2022 Company Number 1653221 (England and Wales) Charity number 286806 Whiteside and Davies Accountants 158 Cromwell Road Salford M6 6DE Page 2 ## **BEAR MORDECHAI LTD** COMPANY LIMITED BY GUARANTEE COMPANY NUMBER 1653221 ## CHARITY NUMBER 286806 ## FINANCIAL STATEMENTS FOR PERIOD ENDED 31 MARCH 2022 ## **Contents** ||**Page**| |---|---| |Charity Information|3| |Report of the Directors/Trustees|4 - 6| |Independent Examiner's Report|7| |Statement of Financial Activities|8| |Balance Sheet|9| |Notes forming part of the financial statements|10 - 12| |Detailed profit and loss account and Statement|| |of financial activities|13| Page 3 **BEAR MORDECHAI LTD** COMPANY LIMITED BY GUARANTEE COMPANY NUMBER 1653221 CHARITY NUMBER 286806 FINANCIAL STATEMENTS FOR PERIOD ENDED 31 MARCH 2022 ## **Charity Information** ## **Board of Trustees** Mr E S Benedikt Mr Y Benedikt Mr C Benedikt ## **Directors** Mr E S Benedikt ## **Secretary's** Mr J G Benedikt Mrs L Benedikt ## **Registered address** 158 Cromwell Road Salford M6 6DE ## **Administration Address** 29 Fountayne Road London N16 7EA ## **Charity Number** 286806 ## **Company Registration Number** 1653221 (England and Wales) ## **Accountants/ Independent Examiner** David Pollak Whiteside and Davies Accountants 158 Cromwell Road Salford M6 6DE ## **Bankers** Bank of Scotland St Jame's Gate 14-16 Cockspur Street London SW1Y 5BL Page 4 ## **BEAR MORDECHAI LTD** COMPANY LIMITED BY GUARANTEE COMPANY NUMBER 1653221 CHARITY NUMBER 286806 ## FINANCIAL STATEMENTS FOR PERIOD ENDED 31 MARCH 2022 ## **Report of the Directors/Trustees** The Directors/Trustees have pleasure in presenting their Report and Financial Statements of the Company/Charity for the period ended 31 March 2022. The Directors/Trustees have adopted the provisions of the Statement Of Recommended Practice (SORP) "Accounting and Reporting by Charities" issued in March 2005 in preparing the annual report and financial statements of the charity. ## **Trustees and Governors** The Trustees in office throughout the year were Mr E S Benedikt, Mr. C Benedikt and Mr Y Benedikt. E S Benedikt was also directors for the purposes of company law. All trustees give of their time freely and no trustee remuneration was paid in the year. ## **Reference and Administration** Reference and Administration details are shown in the schedule of members of the board and professional advisers on page 2 of the financial statements. ## **Structure, governance and management** Bear Mordechai Ltd is a charity constituted as a company limited by guarantee and as such, is governed by its memorandum and articles of association. The Directors/Trustees are responsible for the governance of the organisation and are active in all operational aspects of strategic management. Major policy decisions are decided at full directors'/ trustees' meetings. ## **Charitable Objects** 1. The advancement of religion in accordance with the orthodox Jewish faith. 2. The relief of poverty. 3. Such other purposes as are recognised by English law as charitable. **BEAR MORDECHAI LTD** COMPANY LIMITED BY GUARANTEE COMPANY NUMBER 1653221 CHARITY NUMBER 286806 Page 5 FINANCIAL STATEMENTS FOR PERIOD ENDED 31 MARCH 2022 ## **Report of the Directors/Trustees (continued)** ## **Achievements** During the year, the charity received most of its income from the investment properties that it holds. The charity is pleased to report this year exceptional receipts of donations by generous benefactors. All grants made by the Charity were to other registered charities in accordance with the charity's objects totalling £100,110 was distributed (2021: £110,210) as follows:- |Almat Ltd.
American Friends of Yad Yemin
Amud Hatzdokoh Trust
Beer Miriam
Forty Ltd
Pinebent Ltd.
T.Y.A.
Tevini Ltd.
Tzedaka Bchol Eis
Yad Yemin|_£_
6,500
7,500
360
3,450
1,000
19,400
1,500
13,800
13,800
32,800| |---|---| ||100,110| The trustees plan to continue making similar grants and to ensure that an appropriate level of reserves is maintained. In setting objectives and reviewing the Charity's aims and plans, the Trustees have given careful consideration to the Charity Commission’s general guidance on public benefit. The trustees confirm that they have complied with their duty to have due regard to the guidance on public public benefit published by the commission in exercising their powers or duties. The trustees are please that this year a nice ## **Investment policy and returns** Under the memorandum and articles of association, the charity has the power to make any investment which the trustees see fit to utilise the charity’s assets to their maximum in its best interest. Investments by their very definition do carry a risk of loss. The trustees are pleased to report a significant surplus during the financial period. This was due to a) a healthy return on its investments; and b) exceptional increase in donations received as above. The trustees continue to be committed to ensure that the charity funds are used for its purpose and intend on distributing the extra funds to worthy charitable causes in accordance to its objects. **BEAR MORDECHAI LTD** COMPANY LIMITED BY GUARANTEE COMPANY NUMBER 1653221 CHARITY NUMBER 286806 Page 6 FINANCIAL STATEMENTS FOR PERIOD ENDED 31 MARCH 2022 ## **Report of the Directors/Trustees (continued)** ## **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 investments and finance of the Charity. The Trustees are satisfied that these systems and procedures mitigate any perceived risks. ## **Reserves Policy** The trustees retain reserves of at leased £3,000 in cash at bank, consolidate funds in order to enable the charity to meet future needs or to make more substantial grants which they feel to be appropriate. ## **Responsibilities of the Directors/Trustees** Company Law requires the directors to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the Balance Sheet Date, and of its incoming resources, including income and expenditure for the financial year. In preparing those financial statements, the Directors/Trustees should follow best practice and - **a.** Select suitable accounting policies and apply them consistently. - **b.** Make judgments and estimates that are reasonable and prudent. - **c.** Follow applicable accounting standards and the Charities SORP, disclosing and explaining any departures in the financial statements. - **d.** Prepare the financial statements on the going concern basis unless it is inappropriate to assume that the charity will continue in operation. The Directors/Trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them as Directors/Trustees to ensure that the financial statements comply with the Company Law. The Directors/Trustees are also responsible for safeguarding the charity's assets and hence for taking reasonable steps for the prevention and detection of fraud and other regularities. Approved by The Directors/Trustees on 10 January 2023 E S Benedikt Page 7 ## **BEAR MORDECHAI LTD** COMPANY LIMITED BY GUARANTEE COMPANY NUMBER 1653221 CHARITY NUMBER 286806 FINANCIAL STATEMENTS FOR PERIOD ENDED 31 MARCH 2022 ## **Independent Examiner's Report to the Trustees** I report on the financial statements of Bear Mordchai Ltd for the period ended 31 March 2022. ## **Responsibilities and basis of report** As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act’). Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act ## **Independent examiner's statement** I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: **1.** accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or **2.** the financial statements do not accord with those records; or **3.** the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act 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; or **4.** the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). 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. David Pollak Whiteside and Davies Accountants 158 Cromwell Road Salford M6 6DE Date: 10 January 2023 Page 8 ## **BEAR MORDECHAI LTD** ## COMPANY LIMITED BY GUARANTEE COMPANY NUMBER 1653221 CHARITY NUMBER 286806 ## FINANCIAL STATEMENTS FOR PERIOD ENDED 31 MARCH 2022 ## **Statement of Financial Activities** |**Turnover**
**Expenditure**
**Gross Income**
**Overheads**
**Loss on Investments**
**Net loss for the year**|_Notes_
_3_|**_2022_**
**_£_**
**201,920**
**(100,110)**
**101,810**
**(3,835)**
**0**
**97,975**|_2021_
_£_
119,827
(110,210)| |---|---|---|---| ||||9,617
(12,150)
(83,901)| ||||(86,434)| Page 9 ## **BEAR MORDECHAI LTD** ## COMPANY LIMITED BY GUARANTEE COMPANY NUMBER 1653221 CHARITY NUMBER 286806 ## FINANCIAL STATEMENTS FOR PERIOD ENDED 31 MARCH 2022 ## **Balance Sheet At 31 March 2022** |**BalaAbbreviated Balance Sheet**||||| |---|---|---|---|---| |**Fixed Assets**
Investment
**Current Assets**
Cash at Bank
Debtors
**Creditors**
Amounts due within one year
**Net current assets**
**Total assets less current liabilities**
**Creditors:**Amounts falling due
after more than one year
**Net Assets**
**Accumulated Funds**
Unrestricted funds|_Notes_
_4_
_5_
_6_
7
_8_|**2022**
**_2022_**
**_£_**
**_£_**
**431,815**
**87,023**
**459**
**87,482**
**(1,000)**
**86,482**
**518,297**
**(122,180)**
**396,117**
**396,117**|2021
_2021_
_£_
_£_
417,171
11,443
459
11,902
(2,000)
9,902
427,073
(128,931)
298,142
298,142|| |||||| |||||9,902| |||||427,073
(128,931)| |||||298,142| |||||| |||||298,142| In approving these financial statements as directors of the company we hereby confirm: - a. that for the year stated above the company was entitled to the exemption conferred by Section 477 of the Companies Act 2006 ; - b. that no notice has been deposited at the registered office of the company pursuant to Section 476 requesting that an audit be conducted for the period ended 31 March 2022; and - c. that we acknowledge our responsibilities for: 1. ensuring that the company keeps accounting records which comply with Section 386 ; and 2. preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit or loss for the year then ended in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the provisions of the Companies Act relating to financial statements, so far as applicable to the company. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime. Approved by the board and signed on behalf of them all. 11 January 2023 E S Benedikt - Director and Trustee The notes on pages 10 to 12 form part of the balance sheet Page 10 ## **BEAR MORDECHAI LTD** COMPANY LIMITED BY GUARANTEE COMPANY NUMBER 1653221 CHARITY NUMBER 286806 FINANCIAL STATEMENTS FOR PERIOD ENDED 31 MARCH 2022 ## **Notes To The Accounts** ## **1. Principal Accounting Policies** ## Basis of Accounting The Accounts have been prepared under the historical cost convention in accordance with the Charities Act (Accounts and Reports) 2011, and the Financial Reporting Standard for Smaller Entities (Effective April 2008), and follow the recommendations in Accounting and Reporting by Charities: Statement of Recommended Practice (Issued March 2005). ## Cash Flow The accounts do not include a cash flow statement because the charity as a small reporting entity is exempt from the requirement to prepare such a statement. ## Donations and Fund Accounting Rental Income received for the general and main purposes of the Charity is included as unrestricted funds in the Statement of Financial Activities when receivable. Donations and Grants for activities restricted by the donors are taken to restricted funds if the wishes and conditions of the donor are legally binding on the Trustees. ## Resources Expended Resources expended are accounted for on an accruals basis. Management and administration costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements. The irrecoverable element of VAT is included with the item of expense to which it relates. ## Depreciation Depreciation has not been charged on fixed assets as they consist wholly of investment properties as allowed under SSAP 19. ## Investment Properties Investment properties are included in the balance sheet at their market value. Surpluses and temporary deficits are transferred to the revaluation reserve and on realisation transferred to the Profit and Loss Account as a reserve movement. Deficits which are expected to be permanent are charged to the Profit and Loss Account and subsequent reversals are credited to the Profit and Loss Account in the same way. ## Valuation of Investment Properties Investment Properties are included in the Accounts at a Valuation carried out by the Director in accordance with Statement of Standard Accounting Practice Number 19. ## **2. Taxation** The Charitable Company is exempt from taxation on its charitable activities. ## **3. Turnover** The total turnover of the company for the year has been derived from its principal activity wholly undertaken in the UK. **BEAR MORDECHAI LTD** COMPANY LIMITED BY GUARANTEE COMPANY NUMBER 1653221 CHARITY NUMBER 286806 Page 11 ## FINANCIAL STATEMENTS FOR PERIOD ENDED 31 MARCH 2022 ## **Notes To The Accounts (continued)** |**4.**|**Investments**
**_2022_**
**_£_**
Property Joint Ventures
Balance brought forward
**417,171**
Net surplus from syndicate Investments
Surplus from property joint ventures
**136,669**
Net capital loss from sale of property
**0**
Interest payable
**(10,253)**
**126,416**
**543,587**
Net capital withdrawn
**(111,772)**
**431,815**
**The Company's interest in the property joint ventures are:**
Brandwell Estate Company
5% equity
Centurion Estate Company
12.5% equity
Clifford Estate Company
3% equity
Dawlish Estate Company
20% equity
Dolphin court Estate Company
25% equity
Farmfield Estate Company
9% equity
Highcrest Estate Company
10% equity
Holmleigh Estate Company
10% equity
Littlewick Estate Company
20% equity
Mealhouse Estate Company
25% equity
Motherwell Estate Company
25% equity
Neston Estate Company
3% equity
Omegacrest Estate Company
7% equity|_2021_
_£_
515,515
120,583
(83,901)
(5,475)
31,207
546,722
(129,551)
417,171|_2021_
_£_
515,515
120,583
(83,901)
(5,475)
31,207
546,722
(129,551)
417,171| |---|---|---|---| ||||| ||||546,722
(129,551)| ||||417,171| ||||| The above are mostly holdings in property syndicates entrusted and managed by the Urban & Rural Group of Heaton House, 148 Bury New Road, Manchester, M7 4SE. Page 12 ## **BEAR MORDECHAI LTD** COMPANY LIMITED BY GUARANTEE COMPANY NUMBER 1653221 CHARITY NUMBER 286806 ## FINANCIAL STATEMENTS FOR PERIOD ENDED 31 MARCH 2022 ## **Notes To The Accounts (continued)** |**_2022_**
**_£_**
**5.**
**Debtors**
Trade debtors
**0**
Other debtors
**459**
**459**
**6.**
**Creditors**Amounts due within one year
Accruals
**1,000**
**7.**
**Creditors:**Amounts falling due
after more than one year
Directors loan account and associated companies
**122,180**
**Total**
**Charitable funds**
**£**
**8.**
**Unrestricted funds**
**298,142**
Net deficit for the year
**97,975**
**396,117**
At 01 April 2021
At 31 March 2022|_2021_
_£_
0
459| |---|---| ||459| ||| ||2,000| ||| ||128,931| ||| ## **9. Company limited by Guarantee** The charity is a company limited by guarantee and has no share capital. The liability of each member in the event of winding up is limited to £1. ## **10. Control** The company is incorporated for charitable purposes and has no controlling party. Page 13 COMPANY LIMITED BY GUARANTEE COMPANY NUMBER 1653221 ## **BEAR MORDECHAI LTD** ## CHARITY NUMBER 286806 ## FINANCIAL STATEMENTS FOR PERIOD ENDED 31 MARCH 2022 ## **Detailed income and expenditure account and statement of financial activities** |**Incoming Resources**
Donations received
Net surplus from syndicate Investments
Other rental income
Interest received
**Resources Expended**
Charitable Activities
_Cost of Activities In Furtherance_
_of the Charity's Objects_
Loss on Investment
**Governance Costs**
Accountancy
Bank charges and interest
Insurance
Casual wages
Postage, stationery and office costs
**Total Funds Expended**
**Accumulated Funds**
Net surplus (deficit) for the year
Balance brought forward
Balance carried forward
Grants and donations paid to UK
registered charities|_Notes_
_4_|**_2022_**
**_£_**
**100,110**
**0**|**_2022_**|**_2022_**|**_2022_**
**_Total_**
**_£_**
**72,900**
**126,416**
**2,602**
**2**
**201,920**









**(103,945)**
**97,975**
**298,142**
**396,117**|_2021_
_£_
110,210
83,901|_2021_|_2021_
_Total_
_£_
1,362
115,108
1,205
3| |---|---|---|---|---|---|---|---|---| |||||**_£_**||||| |||||||||117,678









(204,112)| |||**100,110**
**900**
**295**
**145**
**0**
**2,495**||||194,111
1,000
270
100
5,972
2,659||| |||**3,835**||||10,001||| |||||||||(86,434)
384,576| |||||||||298,142|