REGISTERED CHARITY NUMBER: 299337
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 30 September 2020
for
The Friends of Yad Halevi Trust
5 North End Road London NW11 7RJ
The Friends of Yad Halevi Trust
Contents of the Financial Statements for the Year Ended 30 September 2020
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | ||
| Independent Examiner's Report | 2 | ||
| Statement of Financial Activities | 3 | ||
| Balance Sheet | 4 | ||
| Notes to the Financial Statements | 5 | to | 9 |
| Detailed Statement of Financial Activities | 10 |
The Friends of Yad Halevi Trust
Report of the Trustees for the Year Ended 30 September 2020
The trustees present their report with the financial statements of the charity for the year ended 30 September 2020. 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
The trustees shall hold the trust fund and its income upon trust to apply them for the following objects. To assist students to further their education in talmudical studies.
To promote the relief of poverty amongst persons of the Jewish faith.
Significant activities
During the year, grants to charitable institutions amounted to £5,714 (2019: £17,251).
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.
FINANCIAL REVIEW
Reserves policy
During the year, the charity's incoming resources exceeded the outgoing resources. The trustees are satisfied with the results for the year. The trustees do not seek to maintain reserves, other than to ensure that they can continue the activities of the charity.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
299337
Principal address
16 Beverley Gardens London NW11 9DG
Trustees
A Cohen M Posen L Stenhouse
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
........................................................................ L Stenhouse - Trustee
Page 1
Independent Examiner's Report to the Trustees of The Friends of Yad Halevi Trust
Independent examiner's report to the trustees of The Friends of Yad Halevi Trust
I report to the charity trustees on my examination of the accounts of The Friends of Yad Halevi Trust (the Trust) for the year ended 30 September 2020.
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:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
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.
Mr A Heller, FCA
5 North End Road London NW11 7RJ
Date: .............................................
Page 2
The Friends of Yad Halevi Trust
Statement of Financial Activities for the Year Ended 30 September 2020
| 30.9.20 | 30.9.19 | |
|---|---|---|
| Unrestricted | Total | |
| fund | funds | |
| Notes £ |
£ | |
| INCOME AND ENDOWMENTS FROM | ||
| Donations and legacies | 49,325 | 36,100 |
| EXPENDITURE ON | ||
| Charitable activities | ||
| Charitable donations | 25,133 | 17,251 |
| Other | 21,265 | 18,203 |
| Total | 46,398 | 35,454 |
| NET INCOME | 2,927 | 646 |
| RECONCILIATION OF FUNDS | ||
| Total funds brought forward | 49,179 | 48,532 |
| TOTAL FUNDS CARRIED FORWARD | 52,106 | 49,178 |
| Surplus and Deficit Account 968 | ||
| Posting discrepancies were found in the reserve accounts listed below. This is because the brought forward postings | ||
| the current year are not equal to the figures carried forward by IRIS at the end of last year. Please check your postings | ||
| the brought forward account for the surplus and deficit account 968. | ||
| Unrestricted | ||
| funds | Total funds | |
| £ | £ | |
| Brought forward - 968/1 | 49,179 | 49,179 |
| Carried forward | 49,178 | 49,178 |
| Difference | (1) | (1) |
Posting discrepancies were found in the reserve accounts listed below. This is because the brought forward postings in the current year are not equal to the figures carried forward by IRIS at the end of last year. Please check your postings in the brought forward account for the surplus and deficit account 968.
Post to relevant accounts (see UCHA chart of accounts for further details)
The notes form part of these financial statements
Page 3
The Friends of Yad Halevi Trust
Balance Sheet 30 September 2020
| 30.9.20 | 30.9.19 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| FIXED ASSETS | |||
| Tangible assets | 5 | 36,664 | 36,664 |
| CURRENT ASSETS | |||
| Debtors | 6 | 7,450 | 7,450 |
| Cash at bank | 9,688 | 6,497 | |
| 17,138 | 13,947 | ||
| CREDITORS | |||
| Amounts falling due within one year | 7 | (1,696) | (1,433) |
| NET CURRENT ASSETS | 15,442 | 12,514 | |
| TOTAL ASSETS LESS CURRENT | |||
| LIABILITIES | 52,106 | 49,178 | |
| NET ASSETS | 52,106 | 49,178 | |
| FUNDS | 8 | ||
| Unrestricted funds | 52,106 | 49,178 | |
| TOTAL FUNDS | 52,106 | 49,178 |
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. L Stenhouse - Trustee
The notes form part of these financial statements
Page 4
The Friends of Yad Halevi Trust
Notes to the Financial Statements for the Year Ended 30 September 2020
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.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
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.
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 5
continued...
The Friends of Yad Halevi Trust
Notes to the Financial Statements - continued for the Year Ended 30 September 2020
2. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30 September 2020 nor for the year ended 30 September 2019.
Trustees' expenses
There were no trustees' expenses paid for the year ended 30 September 2020 nor for the year ended 30 September 2019.
3. STAFF COSTS
The average monthly number of employees during the year was as follows:
| Office administration No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES INCOME AND ENDOWMENTS FROM Donations and legacies EXPENDITURE ON Charitable activities Charitable donations Other Total NET INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
30.9.20 30.9.19 2 2 Unrestricted fund £ 36,100 17,251 18,203 35,454 646 48,532 49,178 |
30.9.20 30.9.19 2 2 Unrestricted fund £ 36,100 17,251 18,203 35,454 646 48,532 49,178 |
|---|---|---|
| 35,454 | ||
| 646 48,532 |
||
| 49,178 |
4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Page 6
continued...
The Friends of Yad Halevi Trust
Notes to the Financial Statements - continued for the Year Ended 30 September 2020
| 5. | TANGIBLE FIXED ASSETS | |||
|---|---|---|---|---|
| Improvements | ||||
| to | ||||
| property | ||||
| £ | ||||
| COST | ||||
| At 1 October 2019 and 30 September 2020 | 36,664 | |||
| NET BOOK VALUE | ||||
| At 30 September 2020 | 36,664 | |||
| At 30 September 2019 | 36,664 | |||
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 30.9.20 | 30.9.19 | |||
| £ | £ | |||
| Outstanding loan | 7,450 | 7,450 | ||
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 30.9.20 | 30.9.19 | |||
| £ | £ | |||
| Other creditors | 1,696 | 1,433 | ||
| 8. | MOVEMENT IN FUNDS | |||
| Net | ||||
| At | movement | At | ||
| 1/10/19 | in funds | 30/9/20 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 49,179 | 2,927 | 52,106 | |
| TOTAL FUNDS | 49,179 | 2,927 | 52,106 | |
| Net movement in funds, included in the above are as follows: | ||||
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 49,325 | (46,398) | 2,927 | |
| TOTAL FUNDS | 49,325 | (46,398) | 2,927 |
continued...
Page 7
The Friends of Yad Halevi Trust
Notes to the Financial Statements - continued for the Year Ended 30 September 2020
8. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net | |||
|---|---|---|---|
| At | movement | At | |
| 1/10/18 | in funds | 30/9/19 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 48,532 | 646 | 49,178 |
| TOTAL FUNDS | 48,532 | 646 | 49,178 |
| Comparative net movement in funds, included | in the above are as follows: | ||
| Incoming | Resources | Movement | |
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 36,100 | (35,454) | 646 |
| TOTAL FUNDS | 36,100 | (35,454) | 646 |
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Net At movement At 1/10/18 in funds 30/9/20 £ £ £ 48,532 3,573 52,105 48,532 3,573 52,105 |
Net At movement At 1/10/18 in funds 30/9/20 £ £ £ 48,532 3,573 52,105 48,532 3,573 52,105 |
|---|---|---|
| 52,105 |
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 | 85,425 | (81,852) | 3,573 |
| TOTAL FUNDS | 85,425 | (81,852) | 3,573 |
continued...
Page 8
The Friends of Yad Halevi Trust
Notes to the Financial Statements - continued for the Year Ended 30 September 2020
9. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 30 September 2020.
Page 9
The Friends of Yad Halevi Trust
Detailed Statement of Financial Activities for the Year Ended 30 September 2020
| 30.9.20 | 30.9.19 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 49,325 | 36,100 |
| Total incoming resources | 49,325 | 36,100 |
| EXPENDITURE | ||
| Charitable activities | ||
| Grants paid | 5,714 | 17,251 |
| Grants to individuals | 19,419 | - |
| 25,133 | 17,251 | |
| Other | ||
| Wages | 18,958 | 16,419 |
| Pensions | 1,059 | 410 |
| Postage & stationery | 225 | 111 |
| Professional charges | - | 216 |
| Water rates | 459 | 408 |
| Light & heat | 564 | 635 |
| Repairs and sundries | - | 4 |
| 21,265 | 18,203 | |
| Total resources expended | 46,398 | 35,454 |
| Net income | 2,927 | 646 |
This page does not form part of the statutory financial statements
Page 10