Amud Hachesed
Report and Financial Statements
For The Year Ended 31 December 2022
Charity Number 288616
Amud Hachesed
| Contents | |
|---|---|
| Page | |
| Legal and Administrative Information | 1 |
| Report of The Trustees | 2 and 3 |
| Statement Of Financial Activities | 4 |
| Balance Sheet | 5 |
| Notes forming part of the financial statements | 6 and 7 |
| Independent Exmainer's Report | 8 |
Amud Hachesed
Trustees
Mr. Avigdor Galandauer Mrs.Fagey Galandauer Mr. Shlomoh Tzvi Stauber
Administration Address
Mr. A. Galandauer 53 Braydon Road London N16 6QL
Charity Number 288616
Page 1
Amud Hachesed
Report of the Trustees
The Trustees present their annual report with accounts of the Charity for the Year Ended 31 December 2022.
Status and Administration
The Charity, constituted by trust deed, dated 20th December 1983,as amended on 4th July 2004, and is a Registered Charity.
Charitable Objects
The distribution of Charity, which the Trustees in their discretion determine, to individuals or other charitable institutions.
The above objects were continued with during the year.
Trustees
The Trustees in office throughout the year were Mr. A. Galandauer, Mrs.F. Galandauer and Mr. Joseph Stauber. No trustee nor any person connected with them received any remuneration during the year.
Reserves Policy
The trustees retain reserves as necessary and where appropriate, consolidate funds in order to make more substantial grants which they feel to be appropriate.
Page 2
Amud Hachesed
Report of the Trustees
Responsibilities of the Trustees
Charity Law 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 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 Trustees should follow best practice and
a. Select suitable accounting policies and the apply them consistently.
b. Make judgements and estimates that are reasonable and prudent.
c. Follow applicable accounting standards and the Charities SORP 2015, 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 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 Trustees to ensure that the financial statements comply with the Charity Law.
The 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.
Board Of Trustees
The members of the Board Of Trustees are set out on Page 1.
Political and Charitable Donations
During the year, the Charity made grants and donations of £132,202 (2021: £220,239)
Approved by The Trustees of Amud Hachesed on 20/02/02024 and signed on behalf of them all.
Trustee Mr. Avigdor Galandauer
Page 3
Amud Hachesed
Statement Of Financial Activities
For The Year Ended 31 December 2022
| Notes | Unrestricted | 2022 | 2021 | ||
|---|---|---|---|---|---|
| Funds | Total Funds | Total Funds | |||
| £ | £ | £ | |||
| INCOMING RESOURCES | |||||
| Activities to further the Charity's Objects | 2 | 249,697 | 249,697 | 249,550 | |
| Investment Income and Interest | 0 | 0 | 0 | ||
| 249,697 | 249,697 | 249,550 | |||
| Donations | 0 | 0 | 0 | ||
| Total Incoming Resources | 249,697 | 249,697 | 249,550 | ||
| RESOURCES EXPENDED | |||||
| Costs of Generating Funds | |||||
| Fund Raising Costs | 3 | 0 | 0 | 0 | |
| Net Incoming Resources Available | |||||
| For Charitable Application | 249,697 | 249,697 | 249,550 | ||
| Charitable Expenditure | |||||
| Cost of Actvities In Furtherance | 246,755 | 246,755 | 273,874 | ||
| of the Charity's Objects | |||||
| Governance Costs | 3 | 0 | 0 | 0 | |
| Total Charitable Expenditure | 246,755 | 246,755 | 273,874 | ||
| Total Resources Expended | 3 | 246,755 | 246,755 | 273,874 | |
| Net Movement In Funds | 2,942 | 2,942 | (24,324) | ||
| Total Funds Brought Forward |
512 | 512 | 24,836 | ||
| Transfer To / (From) Reserves | 0 | 0 | 0 | ||
| Total Funds Carried Forward |
8 | £ 3,454 | £ | 3,454 | £ 512 |
Page 4
Amud Hachesed
Balance Sheet at 31 December 2022
| Balance Sheet at 31 December 2022 |
|
|---|---|
| Notes 2022 £ Current Assets Debtors 5 85,925 Cash at Bank and in Hand 17,291 103,216 Creditors :Amounts falling due within one year 6 (99,762) Net Current Assets / (Liabilties) 3,454 Total Assets less Current Liabilities 3,454 Net Assets / (Liabilties) 7 £ 3,454 Unrestricted Funds 8 3,454 Total Funds 8 £ 3,454 |
2021 £ 26,610 23,902 50,512 (50,000) |
| 512 512 £ 512 512 £ 512 |
Approved by the Trustees on 20/02/02024 and signed on behalf of them all.
Trustee Mr. Avigdor Galandauer
The notes on pages 6 and 7 form part of these accounts.
Page 5
Amud Hachesed
Notes To The Accounts - 31 December 2022
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 102, and follow the recommendations in Accounting and Reporting By Charities: Statement of Recommended Practice (effective from April 2015).
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
Donations 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
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.
| 2) Donations Received 3) Analysis of Total Resources Expended Charitable Activities Cost of Actvities In Furtherance of the Charity's Objects Donations to Charitable Causes Operating Cost Payroll Total Cost of Furtherance Of Charitable Objects Support Costs Governance Costs Cost of Generating Funds Total Cost of Actvities In Furtherance of Charitable Objects |
£ | 2022 £ 249,697 249,697 £ 2022 £ 132,202 66,164 48,388 246,755 0 246,755 0 246,755 £ |
2021 £ 249,550 |
|---|---|---|---|
| 249,550 | |||
| £ | 2021 £ 220,239 42,554 11,081 273,874 |
||
| 0 273,874 0 273,874 |
Page 6
Amud Hachesed
Notes To The Accounts - 31 December 2022
| 4) Governance Costs Bank Charges Interest Expense 5) Debtors Other Debtors 6) Creditors: Amounts falling due within Bank Loans and Overdrafts Debt due within one year Accruals Other Creditors |
2022 2021 £ £ 0 0 0 0 £ 0 £ 0 2022 2021 £ £ 85,925 26,610 £ 85,925 £ 26,610 one year 2022 2021 £ £ 45,702 50,000 45,702 50,000 0 0 54,060 0 £ 99,762 £ 50,000 |
2022 2021 £ £ 0 0 0 0 £ 0 £ 0 2022 2021 £ £ 85,925 26,610 £ 85,925 £ 26,610 one year 2022 2021 £ £ 45,702 50,000 45,702 50,000 0 0 54,060 0 £ 99,762 £ 50,000 |
|---|---|---|
| 50,000 0 0 50,000 |
7) Net Assets of The Charity's Funds
| Net | Net | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fixed | Current | Long Term | Fund | |||||||||||
| Assets | Assets / | Liabilities | Balances | |||||||||||
| £ | £ | £ | £ | |||||||||||
| Restricted Funds | 0 | 0 | 0 | 0 | ||||||||||
| Unrestricted Funds | 0 | 3,454 | 0 | 3,454 | ||||||||||
| Total Funds | £ | 0 | £ 3,454 | £ | 0 | £ | 3,454 | |||||||
| Unrestricted Funds | : Movements In The Year | Transfers | and | |||||||||||
| Investment | ||||||||||||||
| Balance at | Gains | Balance at | ||||||||||||
| 31 December 2021 | Income | **Expended ** | and Losses | 31 | December 2022 | |||||||||
| £ | £ | £ | £ | |||||||||||
| General Reserve | 512 | 249,697 | 246,755 | 0 | 3,454 | |||||||||
| Total Funds | £ 512 | £ 249,697 | £ 246,755 | £ | 0 | £ | 3,454 |
8) Unrestricted Funds : Movements In The Year
9) Related Party Transactions
No trustee nor any person connected with them received any remuneration, or claimed any expense, during the year, from this or any related Charity.
There were no Related Party Transactions in the Year.
Page 7
Independent Exmainer's Report to the Trustees on the Unaudited Accounts of the Charity Amud Hachesed For the Year Ended 31 December 2022
We report on the financial statements of Amud Hachesed for the Year Ended 31 December 2022 which comprise the Statement of Financial Activities, the Balance Sheet and the related notes. These financial statements have been prepared, under the historical cost convention, and in accordance with the recommendations in Accounting and Reporting By Charities: Statement of Recommended Practice (Issued 2015), and the Financial Reporting Standard for Smaller Entities 102 (effective 2016), and the accounting policies set out therein.
Respective Responsibilities of the Trustees and the Independent Exmainer
As described on page 3, the trustees of the charity are responsible for the preparation of the accounts, and they consider that the audit requirement of section 144 of the Charities Act 2011 (the Act) does not apply. It is our responsibility to state, on the basis of procedures specified in the General Directions given by the Charity Commissioners under section 249 of the Act, whether particular matters have come to our attention.
Basis of Independent Exmainer's Report
Our examination was carried out in accordance with the General Directions given by the Charity Commissioners.
An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. These procedures provide only the assurance expressed in our opinion.
The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently we do not express an audit opinion on the view given by the accounts.
Opinion
In our opinion, no matter has come to our attention,
-
1) which gives us reasonable cause to believe that, in any material respect, the requirements a) to keep accounting records in accordance with section 130 of the Act; and
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b) to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act have not been met; or
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2) to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Date 20/02/02024
Independent Exmainer
C. Rosen
Page 8