Charity R¢gistrntÉon No. 298616 THE BRAIYDON ENDOWMEiYr TRUSTEES, REPORT AND UNAUDrrED AccouNrs FOR THE YEAR ENDED 31 OCTOBER 2022
THE BRAIYDON EIYDOWMENr coNrENTS Report ofthe TrS tndependent Examiners, Rep)rt Statement of Financial Activities Ban¢t Sheet Notes to the Accounts
THE BRANDON ENDOWMENT TRUST INFORMATION Trustees: A J Y Magnus R Hayim F Martin Miss S Dangoor (Chairn) (tkceased 30 November 2021) (Apwinted 20 January 2022) Registered Number: 298616 Principal Address: Flat 7 Gard¢ Court Garden Road tnndon NW8 9PP Investment Mvdnagers: Wall(er Crips St(Kkbrokers Ltd Old Change House 128 Queen Victoria Street London EC4V 4BJ Independent Examiner: Berish Hoffinan FCA tAudau Morley LLP 325-327 Oldfield tane North Middlesex United Kingdom UB6 OFX Bvdnkers: Lloyds Bank PIC 40 ROSSI Hill Hampstead tA)ndon NW3 INL
THE BRANDON
REPOR
THE TRUSTEES
R THE YEAR ENDED 31 OCTOBER 2
th the tharity's governing th¢ Cknibes Ad 2011 and the Slaemuit of Ret(A]mth)j PrxiiK 8wlicatA¢ to
¢harits¢s prwn8 thwr 0¢9xS ID xcordallLY with the FiDallLial SlaLdd 4Wi(abk in th¢ UK wjd R¢pulAic
of IrdaThd IFRS I02}leffecti fr[ l j2019}.
Coistitstio
The Endowm1 was srt w by Lknd of AF d¢418 AW 1915. to ewjier stuleml of 24
Awil 1962. OD 31 tkLnlxt 2013, the two Wt¢iari&8of th¢ En BrnD(knD Will Tn& twn¢ly Slltm
Br9])Lkn and R4rhd BTODth gay¢ Ih¢iT ti8bts to ]if¢ ittctinc h) th¢ £4&c by Si8DiDg a iDdcmnity
t¢rtDiDation agr¢ and xccptills a lump sum paYE Ibu¢byth¢ ¢•pit81 t¥WiDiD8 ID the Wa] IDJst paid to
Objt¢ts ofthtrharity
The C4>ital of the Ttust i8pumaDeDIty
Th¢ Incl iswb¢Kylied &s f(43..
including wthout judic£10 th¢ go)110r th¢ fwiDg theTDa1Dor ottdtht
(al The Sh& plleS¢ Je. H
OFTh£TR AtthCyWdltr Gknity ha• fr¢¢n4¢ETh trf£IJXKI(2021-£IW7) AJYIA•p AJYMa
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES IF THE BRANDof4 ENDOWMEiYr I report to the tru5ttts on my ex&nination of the x¢ounts of The Brandon Endornt (the clmrity) for the r ended 31 Ortob¢r 2022. RupOnsibltlts and ofreport As the tru5tec5 of the charity you are 1b]e forth¢ prqxTation of the Unts in xcordartce with the requiremthts ofthe Charities Act 2011 {th¢ 2011 Act). I report in resrttt of my &XaTrtipation of the Chari5 x¢ounts carried out undcr section 145 of the 2011 AeL In carryin8 Out my examination I have followed the opplic4ble Directions given by the Charity ConMni&sion under s¢dion 145(5Kb) of the 2011 ACL IndepeTrdent exatylntVs ststememt Your attention is drawTL to th¢ f¥t that the charity has pr¢pOr financial stskments in awordantt A¢Unting and Reporting by Charities preparing th¢ir accounts in X¢Ordan with the Financia] RetM)rting Sthndard applicable in ihe UK and Republic of Ireland IFRS 102} in pref¢re[¢ to the Ac¢ouniing Reporting by Charities: Stsment of Recomended Practiee i&sued on l April 2005 which is referred to in the extsni reRutsLiOtLS bui h&% [W leth withdrawn. l understand that this h&5 been done in oth for the financia] statements io provide a true and fair vie%, in accord8nce with the Getlerally Accepd Accounting Practice effective for rerM)ning perii>ds beginning on orafter l January 2020. I have completed my examination. I tonfirm that no m8ii¢f5 have come to my attention in connection with the examination ving me cause to believe that in any m&erial r•i'. ac¢ourtting records were not kept in re5p¢d ofth¢ th¥ity Ls required by section 130 of th¢ 2011 Aci. or th¢ accounts do not accord Mith th0 r¢¢ord%' or the a¢¢ounts do not comply with the applicable requirements coneerning the form and conten¢ of accounts set out in the Charities (Accoun¢S and liewrt} Regu]lonS 21X)8 other than any requiremet)rs that the accounts give a true and f8irview which is noi a maller considered &s part of an independenr examination. I have no Concen aThJ have come xross no other mtos irt cOnr£t1 with the examnIl0n w which att¢ntion should be drawn in this report in order lo enable a protwuttderthding of the accounts (o Ix reachoj. Berh Hoffman FCA Landau Morley LLP 325-327 Oldfield LaneNorth Middlesex UB6 OFX United KiThgdiJm 22 May 2023 Page 3
THE BRANDON ENDOWMENT STATEMENT OF FINANCIAL AcfiviTIE FOR THE YEAR ENDEDJI OCTOBER 2022 2022 2021 E#dowwnts fro 71.943 35 71.943 35 69,002 69,002 10,650 CXh¢r income 10,650 71.978 10.650 Cb4ritsblt ictivilit* Syllagogue maintrnan(4 TrJi8wth)d Totsi peDdlIre 91.852 4.485 g)J37 96,030 5235 IOl265 94.852 99J37 96.030 10126S Itxptndlt¥r¢l forthtyur 1218741 14.4851 127,359} 127.0281 5.415 Other RetO8ttiJtd CAiN$ Itsd Los G8insll105scsI on inv£s(meDI fjain4lLossesl onr¢]UaIiOUOf {13.484} 199.108) {lJ.4841 199,1081 40.889 266.012 40.889 266.012 Totsl REtogni¥td 1112.592 (112.592 306.901 Movtmellt In Fuids for the year 122.8741 {117,¢J77) {139.9511 127.028) 312,316 285,288 Totsi futth Wt fonwwd 198.735 .753.612 1.951347 225.763 1.441.296 .667.059 Tol41 fuids Nled fornrd 175.861 .636.5J5 1812.396 198.735 1753 612 1.952J47
1914J93 C•tha¢ 17.730 is.iifj 37996 39JM W16 37.954 IMfjJ35 1.751612 175J61 19&735 aj SI ontheirixlwlfby. AJ Y M•gtws
THE BRANDON ENDOWMENT NOTES TO THE ACCOUN FOR THE YEAR END I OCTOBER 2022 I. ACCOUNTING POLICIFS Basis of prepTatiott Th¢ financial statemettts have [ff¢par in accord¢ with the ChtleS AO 2011 l-ACCUtAB and R¢p)rting by ChaTitle5.' Statement of Recommetjded Prdctice applicable to ¢haritie5 prtparing their aro)unts in acrdance with the Financial Repill8 Standard applicable in the UK w)d R¢public of IrelaThJ IFRS 1021- {¢fftttive l January 2019). The ¢harity is a Public Bencfit Entity as d¢fJn¢d by FRS 102. Aecounting convention The financial sratements have from tk applithk r¢gUI]0[LS Ottiy tothe extcni Etywir¢d give a atmi fair virw. This departure tK8 involved following th¢ Statrnxni of Reco P1¢¢ rathcr tk V5)n whi¢h is referred to in th¢ gUlationS but which h&% since kn witlthwL The accounts have IML prerAYedon th hIStrKi &>5t tNyJified in¢lude firnCilI inknJnt)ts fair valu Chorilable Fftds Unrtstricted futlds available for w¢ th¢ dlscrctM ofthc Truses in oftrircharitablc Obj1¥eS. En(knwTnent are subject to spxifE¢ conditi(MJ5 by the ¢apitsl be maintaitKd by the trusL Investment Income All inco]ne i5 recogjised otice the charity has ¢lltitlCtrt toth ÈtKortK thete is sufficient (trtointy of rcLZiPt and w it is Probable that th¢ income will k ]r¢civc& aTrd the arwunt of can k Me&8 Teliably. lThve5tm¢rt inco h&s iticluthd (o the extrnithat li arix5 tk fixed &t inTrtSt[jts held during th¢ y. Ewendith Charitsble Expendithre Charitable ¢xtxnditure comprises ajl ¢xrKnditUTe direclly r¢lJting to the objethves of the Charity. ExtMdiÈuTe is accoun1 foron an aTual$ basis and is recold whcn there L5 a kgal Or[rcve ¢)bliEation to pay. All exrÈn in¢ludtng suPrt and governance CO are ail(xat¢d to tk one charitsbl¢ uvity in the offinanciaj &tivities. Governw Costs GoVernce c05t5 in the cufftnt and ytar r¢l&¢ w accrthw fces pid to Chrrity5 firm of Inthp*rthit Ex8mine SupiKTrrt Costs Suprx)rt costs inclu(k sccretsrial fecs accountw fr£5 athj other r¢latrd costs fw thc manyt and thini5tralion of the charity ar have ixert aJlo¢at¢d to the eharitable acuvities to which IlKy relate u). yment to Trusttts Page 6
THE BRANDON ENDOWMENT NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 BER 2022 l. AccouwfING POLICIES Icomliniedl Debtors for bad and thbtl de Prepayments are valued at the an1t prerAid net of any trade disLXM]nts d Cash at bADk and ID Cash at bank and in hand in¢ludes and skn term highly liquid inv¢smKnts with a sl¥Jrt matiwity of th¢ months or le55 from the date of acquisition or openin8 of the dwit or similar accouni. Inv¢stmeDts Fixed assd investhKnts aTe represented on the balan shed mwrket value. Swpluses or d¢fi¢its on valu10n and 58le5 of invtstmcnts are clIted or charged in the Sthtcmcnt of FilnCial Adiviiifs. Creditorg CreditOT5 are recogni5ed where the Charity a present obligation re5uItLTh8 from a p&%t event that will pmbably result in the transfer of fvrLd5 to a third party and the anM>unt due to setde the obligation c4n be measured or estimated reliably. Creditots are ]nallY recognL5ed at their 5ettlemcnt amourt afterallowing for any trth discounts due. uDr¢styiCd funds are available to Sj on a¢tivitie5 that fiwther a]y of thE PUT5 of the Charity. Endowtnent fillK15 are subject to specifjc conditions by domrs the tapitsi must mailm by th¢ Charity. Poiiry Pro¢¢dures Safeguatding.This h&s len from the Charity fjuidan¢¢. Serious in¢ideni renIng.Th7S has been from CharityCmmi&sion Gui¢. lTrt¢rna] risk manweni.The Trustees hve a Ix)Iicy in plxc to o)Tr¢a wc¢edures are carrioj out kfore agr LS paid. Trustees conlliets of intcre5t-Any c4)nflirtof intere51 must be decigr&t in Writi at e4rliest 5]ble momenL Jnv¢sting charity funts.The Charity u5¢s an Invtsimem Manager fr a well k to make the investments. Bi-annuaj m¢etings are held with the Invcsmjtnt Mana8¢r io mon1¥ the investments at¥1 to agree pjlicy chang¢s. Eng&ging in lItical xtivity-The Charity th¢s engage in any liti xtivity whaLver. Bullying and haTa55ment-The Charity h&s athyed the l1¢Y of le11g from arelated clwity. namely Spanish & Portug Jews S)Th8o8. Social Media- Th¢ Cbariry (knes not use s(Kia] media to its activiii¢s. Online c()mml£I0tt$ between trustee5 is lj5tsntly being reviewed. In the w)likely ¢v¢ni of an un¢Xp¢ct SLa] mla allacK thc Chaim]aD will consult with the ttwtees on IM)W to T[d. Engpging External sake[S•The CrIty TU)t engage extcrnal spthrs. TnL8tee Tr8inin8.The Chan"ty will ptirticipatc with a relatcd charity. nam¢ly S)1$h & Jews, Syna808U PTOVi(k training.
E BRAIY
WME
ACCOUNfs FOR THE YEAR ENDED 31
R 2022
2021
L INCOME FROM tP4VEsfMENrs
knveskneni irK¢
71.943
35
71.978
71.943
35
71.978
69.?
69.OQ2
10.650
10.650
I EXPENDITL
Grants for
". 3 {10?1'. 51
Sp3nish & PoTwgese S>To8C.TOUTdS BEYi5 Mat
S)woguc R2bbiS Salar)
30.(KX>
H¢nwFund
30.(KX
?7.fXI)
?7.(ts)
30,r
vis Mjrks Ernv
RnbaM Sephatdi
)e5h Music Fttnd
SupportCOSts lyeenote 3(al Frjowl
Govern&¢ts ls¢e Lwe3(*lbC1
7Y)
4.485
52J5
750
5J35
5.985
l J80
94.857
4.485
96.030
4AISVPPORTC<K%TS
Indlrettcharilabk Exydkn
Accountstw charges
750
750
4.485
750
750
5.?35
5.985
4.435
4.485
5235
750
750
Th¢Eovernancecttits trAIBnc¢of£12(YJ P(PI." £[2)[clI1Thkntknt fe¢50f£lJLY)12021". £12801.
IP4VESTME¥13
Owiinimark
THE BRANIK)) ENDow¥r TO THE Accouvfs FOR THE I'EAR ENDED 31 BER 7 DEvfoiL5 791 791 791 8 DEP05frsANDIDANS CREDITORS.. AMouff15¥AtIJF4G DUE 9 WITHINONE YEAX 3.950 3.9YJ 1.950 BNINnce8t 31 October 2D22 l November 2021 1.441296 15235 17.077 1.636 11 ANALYSISOFNET ASryETS BETIITEN Ftw AT310(TOBER202Z .621.419 1.713.480 32.806 3950 1.812 396 l61J98 3&787 1.752.495 1.914J93 39.4 17.750 CunEJrtliabilitiei 175.161 1.636.535 198.735 1952y7 11 RELATED PARTI Trswni5h4TrjP•Je SynwX{SPJS}isartlthdr•tybyTrirwofthfrhrtthrtdwFo th¢b(or
SIGNATURE CERTIFICATE
Document
Name Brandon Accounts 2022_0001.pdf Creator Berish Hoffman (bh@landaumorley.co.uk) Date 22 May 2023 15:40:26 UTC Identifier 0daed896-dc20-4ec8-a0e2-4f6f6abb15e8
Signers
Berish Hoffman
E-mail bh@landaumorley.co.uk Signed 22 May 2023 15:40:44 UTC IP address 193.117.178.210