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 Tr￿S tndependent Examiners, Rep)rt Statement of Financial Activities B￿an¢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]m￿th)j PrxiiK 8wlicatA¢ to ¢harits¢s prwn8 thwr 0¢9x￿S ID xcordallLY with the FiDallLial SlaLd*d 4Wi(abk in th¢ UK wjd R¢pulAic of IrdaThd IFRS I02}leffecti￿ fr[￿ l j￿2019}. Coistitstio The Endowm￿1 was srt w by Lknd of AF￿￿ d*¢418 AW 1915. to ￿ ewjier stulem￿l of 24 Awil 1962. OD 31 tkL*nlxt 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 paY￿E 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(4￿￿3.. including wthout ￿judic£10 th¢ go)￿11￿0r th¢ fwiDg theTDa1D￿or ottdtht (al The S￿￿h& p￿￿lleS¢ Je￿. Hw5 illLUlliD8 of £7l.978 121)22: £79.6521 and T¢g)Wtt5 of £99,33712022. £101265). luwJ]itMMJ k￿or £112.59212022'. gaiDsof £3fy5,9)11. Pub￿£ Belltftt Sth*meDI The mw¢¢5 hav¢ ¢(￿0P11¢d with their thAy in the Cbarities Aa 2011 to ba¥t to pybliknj by lh¢ OFTh£TR AtthCyW￿dltr￿ 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. RupOnsib￿ltlts 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 Chari￿5 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: Sts*ment of Recomended Practiee i&sued on l April 2005 which is referred to in the extsni reRutsLiOtLS bui h&% [￿W l*eth 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 Accep￿d 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 m*tos irt cOnr*£t1￿ with the examnI￿l0n w which att¢ntion should be drawn in this report in order lo enable a protwuttderthding of the accounts (o Ix reachoj. Ber￿h 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 ￿peDdlI￿re 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 N￿led 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 a￿j 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 Ch￿￿tleS AO 2011 ￿l-ACCU￿￿tAB and R¢p)rting by ChaTitle5.' Statement of Recommetjded Prdctice applicable to ¢haritie5 prtparing their aro)unts in ac￿rdance with the Financial Rep￿ill8 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￿ P￿1¢¢ rathcr tk V￿5￿)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 fir￿nCilI inknJn*t)ts ￿ fair valu Chorilable F*ftds Unrtstricted futlds available for w¢ ￿ th¢ dlscrctM￿ ofthc Trus*es in oftrircharitablc Obj￿1¥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 ¢lltitlCt￿rt 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 accoun￿1 foron an a￿Tual$ basis and is reco￿l￿d whcn there L5 a kgal Or￿[￿r￿c￿ve ¢)bliEation to pay. All exrÈn in¢ludtng suP￿rt and governance CO￿ are ail(xat¢d to tk one charitsbl¢ *uvity in the offinanciaj &tivities. Governw Costs GoVern￿ce 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 thbt￿l de￿ Prepayments are valued at the an￿1t 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 valu￿10n and 58le5 of invtstmcnts are c￿lIted or charged in the Sthtcmcnt of Fil￿nCial 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¢styiC￿d funds are available to S￿￿j on a¢tivitie5 that fiwther a]y of thE PUT￿5￿ 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 l*en from the Charity fjuidan¢¢. Serious in¢ideni re￿nIng.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 whaL￿￿ver. Bullying and haTa55ment-The Charity h&s athyed the ￿l1¢Y of le￿￿11￿g 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()mm￿l£*I0tt$ between trustee5 is lj5tsntly being reviewed. In the w)likely ¢v¢ni of an un¢Xp¢ct￿ S￿La] m￿la allacK thc Chaim]aD will consult with the ttwtees on IM)W to T￿[￿d. Engpging External s￿ake[S•The C￿rIty 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>T￿o8￿C.TO￿UTdS BEYi5 Mat S)woguc R2bbiS Salar) 30.(KX> H¢nwFund 30.(KX ?7.fXI) ?7.(ts) 30,r vis Mjrks Ernv R￿nbaM Sephatdi )e￿5h Music Fttnd SupportCOSts lyeenote 3(al Frjowl Govern&￿¢￿￿ts ls¢e Lwe3(*lbC￿￿1 7Y) 4.485 52J5 750 5J35 5.985 l J80 94.857 4.485 96.030 4AISVPPORTC22 1.783.480 1.914 393 Hirtoriul tosl: At31 Ortobet 2022 l J91 ?83 28 1 J77.328 S￿￿ ofthr INv¢5tme•ts: UK5#umie5 tt3ca&Se£uritics Toral 1.461.631 452.755 1914.393 466.779 1 783 480 S TRUSTELS & EMPLOYEES Ther¢]4tre no emplojtos duri￿￿the￿. 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**