**REGISTERED CHARITY NUMBER: 290191**
## **Report of the Trustees and**
**Unaudited Financial Statements for the Year Ended 5 April 2021**
**for**
**Agudas Israel Organisation of Great Britain**
Martin+Heller 5 North End Road London NW11 7RJ
**Agudas Israel Organisation of Great Britain**
**Contents of the Financial Statements for the Year Ended 5 April 2021**
|||**Page**||
|---|---|---|---|
|**Report of the Trustees**|1|to|2|
|**Independent Examiner's Report**||3||
|**Statement of Financial Activities**||4||
|**Balance Sheet**||5||
|**Notes to the Financial Statements**|6|to|10|
|**Detailed Statement of Financial Activities**||11||
**Agudas Israel Organisation of Great Britain**
## **Report of the Trustees for the Year Ended 5 April 2021**
The trustees present their report with the financial statements of the charity for the year ended 5 April 2021. 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).
## **OBJECTIVES AND ACTIVITIES Objectives and aims**
Makes grants to indiviuals and to the organisations, to advance Jewish religious education and to relieve poverty, distress and sickness amongst Jews in any part of the world.
## **Public benefit**
The trustees confirm their compliance with the duty to have due regard to the public benefit guidance published by the Charity Commission when reviewing the charity's aims and objectives and in planning future activities.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document**
The charity is controlled by its governing document, a deed of trust and constitutes as unincorporated charity.
## **Risk management**
The charity is committed to a policy of identifying, monitoring and managing those risks that might adversely affect the activities in which it is involved. In this context, risk is defined as the potential for loss, both financial and reputational, inherent in the environment in which the charity operates and in the nature of the transactions undertaken.
The Trustees believe that an appropriate review of risks is necessary, risks are ranked and periodically reviewed, and appropriate action is identified to adequately manage the consequences of the risks.
The Trustees have overall responsibility for the charity's systems of internal control that are designed by senior management in order to ensure effective and efficient operations, including financial reporting, and compliance with laws and regulations. In establishing and reviewing systems of internal control, the Trustees and senior management have regard to the materiality of relevant risks, the likelihood of loss being incurred and the cost of control.
The Trustees believe that the principal risk identified is from external sources when a change in Gift Aid regulations could affect business. Measures to reduce the risk and assess matters regularly have been taken.
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number**
290191
## **Principal address**
97-99 Stamford Hill London N16 5DN
## **Trustees**
H Feldman Rabbi J M Rosenbaum
## **Independent Examiner**
Martin+Heller 5 North End Road London NW11 7RJ
Page 1
**Agudas Israel Organisation of Great Britain**
## **Report of the Trustees**
**for the Year Ended 5 April 2021**
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
........................................................................ H Feldman - Trustee
Page 2
**Independent Examiner's Report to the Trustees of Agudas Israel Organisation of Great Britain**
## **Independent examiner's report to the trustees of Agudas Israel Organisation of Great Britain**
I report to the charity trustees on my examination of the accounts of Agudas Israel Organisation of Great Britain (the Trust) for the year ended 5 April 2021.
## **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:
1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. 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.
A Heller FCA Martin+Heller 5 North End Road London NW11 7RJ
Date: .............................................
Page 3
**Agudas Israel Organisation of Great Britain**
## **Statement of Financial Activities for the Year Ended 5 April 2021**
|Notes
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
Investment income
2
Grants
**Total**
**EXPENDITURE ON**
**Charitable activities**
Direct charitable activities
Management costs
Other
**Total**
**NET INCOME**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
**TOTAL FUNDS CARRIED FORWARD**|5.4.21
Unrestricted
fund
£
4,318
39,844
12,353
56,515
2,755
44,930
1,200
48,885
7,630
2,523,226
2,530,856|5.4.20
Total
funds
£
61,005
1,800
35,256|
|---|---|---|
|||98,061
12,142
81,432
1,200|
|||94,774|
|||3,287
2,519,939|
|||2,523,226|
The notes form part of these financial statements
Page 4
**Agudas Israel Organisation of Great Britain**
## **Balance Sheet 5 April 2021**
|Notes
**FIXED ASSETS**
Tangible assets
6
**CURRENT ASSETS**
Debtors
7
Cash at bank
**CREDITORS**
Amounts falling due within one year
8
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**NET ASSETS**
**FUNDS**
9
Unrestricted funds
**TOTAL FUNDS**|5.4.21
Unrestricted
fund
£
2,520,647
15,000
13,174
28,174
(17,965)
10,209
2,530,856
2,530,856
2,530,856
2,530,856|5.4.20
Total
funds
£
2,520,647
15,000
1,452
16,452
(13,873)
2,579
2,523,226
2,523,226
2,523,226
2,523,226|
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. H Feldman - Trustee
The notes form part of these financial statements
Page 5
**Agudas Israel Organisation of Great Britain**
**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.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
## **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.
## **Hire purchase and leasing commitments**
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
## **Pension costs and other post-retirement benefits**
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
Page 6
continued...
**Agudas Israel Organisation of Great Britain**
**Notes to the Financial Statements - continued for the Year Ended 5 April 2021**
## **2. INVESTMENT INCOME**
|**INVESTMENT INCOME**|||
|---|---|---|
||5.4.21|5.4.20|
||£|£|
|Rents received|39,844|1,800|
## **3. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 5 April 2021 nor for the year ended 5 April 2020.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 5 April 2021 nor for the year ended 5 April 2020.
## **4. STAFF COSTS**
The average monthly number of employees during the year was as follows:
|Secretarial staff
No employees received emoluments in excess of £60,000.
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
Investment income
Grants
**Total**
**EXPENDITURE ON**
**Charitable activities**
Direct charitable activities
Management costs
Other
**Total**
**NET INCOME**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**|5.4.21
2|5.4.20
8
Unrestricted
fund
£
61,005
1,800
35,256|
|---|---|---|
|||98,061
12,142
81,432
1,200|
|||94,774|
|||3,287
2,519,939|
## **5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
continued...
Page 7
**Agudas Israel Organisation of Great Britain**
**Notes to the Financial Statements - continued for the Year Ended 5 April 2021**
## **5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**
|**TOTAL FUNDS CARRIED FORWARD**
**6.**
**TANGIBLE FIXED ASSETS**
Fixtures
Freehold
and
property
fittings
£
£
**COST**
At 6 April 2020 and 5 April 2021
2,500,000
15,127
**NET BOOK VALUE**
At 5 April 2021
2,500,000
15,127
At 5 April 2020
2,500,000
15,127
**7.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Other debtors
**8.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Taxation and social security
Other creditors
**9.**
**MOVEMENT IN FUNDS**
At 6/4/20
£
**Unrestricted funds**
General fund
2,523,226
**TOTAL FUNDS**
2,523,226|Computer
equipment
£
5,520
5,520
5,520
5.4.21
£
15,000
5.4.21
£
3,023
14,942
17,965
Net
movement
in funds
£
7,630
7,630||Unrestricted
fund
£|
|---|---|---|---|
||||2,523,226|
||||Totals
£
2,520,647
2,520,647
2,520,647
5.4.20
£
15,000
5.4.20
£
2,027
11,846
13,873
At
5/4/21
£
2,530,856
2,530,856|
|||||
|||||
|||||
|||||
continued...
Page 8
**Agudas Israel Organisation of Great Britain**
**Notes to the Financial Statements - continued for the Year Ended 5 April 2021**
## **9. MOVEMENT IN FUNDS - continued**
Net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**TOTAL FUNDS**
**Comparatives for movement in funds**
**Unrestricted funds**
General fund
**TOTAL FUNDS**|Incoming
resources
£
56,515
56,515
At 6/4/19
£
2,519,939
2,519,939|Resources
expended
£
(48,885)
(48,885)
Net
movement
in funds
£
3,287
3,287|Movement
in funds
£
7,630
7,630
At
5/4/20
£
2,523,226
2,523,226|
|---|---|---|---|
Comparative net movement in funds, included in the above are as follows:
|Incoming
Resources
resources
expended
£
£
**Unrestricted funds**
General fund
98,061
(94,774)
**TOTAL FUNDS**
98,061
(94,774)
A current year 12 months and prior year 12 months combined position is as follows:
Net
movement
At 6/4/19
in funds
£
£
**Unrestricted funds**
General fund
2,519,939
10,917
**TOTAL FUNDS**
2,519,939
10,917|Movement
in funds
£
3,287
3,287
At
5/4/21
£
2,530,856
2,530,856|
|---|---|
continued...
Page 9
**Agudas Israel Organisation of Great Britain**
## **Notes to the Financial Statements - continued for the Year Ended 5 April 2021**
## **9. MOVEMENT IN FUNDS - continued**
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
||Incoming|Resources|Movement|
|---|---|---|---|
||resources|expended|in funds|
||£|£|£|
|**Unrestricted funds**||||
|General fund|154,576|(143,659)|10,917|
|**TOTAL FUNDS**|154,576|(143,659)|10,917|
## **10. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 5 April 2021.
Page 10
**Agudas Israel Organisation of Great Britain**
## **Detailed Statement of Financial Activities for the Year Ended 5 April 2021**
||5.4.21|5.4.20|
|---|---|---|
||£|£|
|**INCOME AND ENDOWMENTS**|||
|**Donations and legacies**|||
|Donations received|4,318|61,005|
|**Investment income**|||
|Rents received|39,844|1,800|
|**Grants**|||
|HMRC furlough receipts|6,026|-|
|Grants|6,327|35,256|
||12,353|35,256|
|**Total incoming resources**|56,515|98,061|
|**EXPENDITURE**|||
|**Charitable activities**|||
|Charitable activities|2,754|12,142|
|**Support costs**|||
|**Management**|||
|Wages|8,520|34,567|
|Pensions|-|41|
|Computer expenses|1,461|557|
|Security charges|6,061|35,256|
|Insurance|7,474|1,494|
|Light and heat|9,262|300|
|Telephone|492|127|
|Postage and stationery|254|533|
|Legal and professional fees|4,927|1,940|
|Sundries|287|7,416|
|Repairs & renewals|5,539|(1,060)|
|Rent payable|540|525|
|Bank charges|114|(264)|
||44,931|81,432|
|**Governance costs**|||
|Accountancy|1,200|1,200|
|Total resources expended|48,885|94,774|
|**Net income**|7,630|3,287|
This page does not form part of the statutory financial statements
Page 11