Charlty rnglstrntlon number 326424 BONAMY CHARITABLE TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 BONAMY CHARITABLE TRUST LEGAL AND ADMINISTRATIVE INFORMATION Trustee• Mr M Morycw5$ef Mr Y R Moryoussef Mr J Moryou5sef Chaflty numb•r 326424 Prlnclpal addr•8s Albany House 7-17 Church Street WILMSLOW SK9 1AX Ind•yndènt •xamln•r S A Kahan FCA Lopian Gross Bamelt & Co 1 sl Floor CIoi81er House Rlverside, New Balley Street Manchasl8r M3 5FS BONAMY CHARITABLE TRUST CONTENTS Pag• Trustees, report Independent examlnevs report Statement of flnanclal aGtlvbt6es Balsnce 8heg1 Nole8 to the financl81 Slalements BONAMY CHARITABLE TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2021 The Irustges present their 8nnual report and financlal stslemenls for the year ended 31 December 2021. The financial slalemenls have be8n prepared in accordance with the accounting policies set out In note 110 the financial sts18ments and comply with th8 chÈrily'5 governing document, the Charities Act 2011 and "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to chalities preparing th8ir Accounts in accord8nc& with the Financial Reporting Standard applbcable in the UK ond Republic of Ireland IFRS 1021 18ffective 1 January 20191". ObJectlv•s and •¢tlvltl•• The principal objeth'ves of th8 charity all of which are for the public benefit are: -the advancement of the Jewish faith and Jewish education.. -th8 relief of ggneral poverty and providing assistance to needy individuals,, and providlng lor the genai81 welfare of the Jewish community. Each year the Iruslees review the charily's objectives and aclivi118s lo ensure they continue lo reflect the charity's aims. In carrying out this review the trustees have had due regard lo the Charity Commissions general guidance on public benefll and In particular its supplementary public guidance on the advancement of religion lor public benefit. The prlnrApal activities during the year were those of a charity worklng for the public benefit and Included making inve51rnenls and making charitable donations. Having paid du8 regard lo guidance issued by the Charity Commlssion. the trustees have identified a number of charities which carry out activities wilh which they syfflpalhise. Grants are glven on appllcalion to the trustees by these or 8lmllar charitie8 or by individuals who are judgèd lo be deserving of charllable 5UPPOrt. A¢hle¥ement> and performanc• The charity has continued lo distribute fund8 lo other charllle8 and charftable causes during the year.. Flnancl•l review During the year under review, the charity recelved donatsons of £120,400, had investment Income of £23,279, with an investments increase in value by £21,091. This gave the charity resourc8s of £161.422 after govemance cosis of £3,348. Dislribulions tolalling £107,223 were made lo other charibes 8nd indlviduals In accordance with the objectlves of the charlly resulting in an Increase of its opening funds of £559,066 by £54,199 10 £613,265 at the end of the year. The ch8rlty5 funds wgre mainly Invested on a low risk basls In Income producing 888els. The charfty has adequ8le iesouTC8S to continug di8lribuling funds in acwrdance with Ils obledve8. Reserves are rnainlalned in cash and quoted shares lo ensure th8t the charity has funds avallable for any urgent requests and 5uffici8nt rèsource8 for investment lo gen8rale income in the future. 11 is th8 policy of the charity Ihal unreslricled lund5 which have not been designated for a speclflc use or b88n allocalod for Investment should b8 maintained at a level 10 8nsur8 that, in the event of a Significant drop in fLJndlng, they will be able lo continue the charbty's current activities while considerallon is glven lo ways in which additional funds may be raised. The Irusle8s have assessed the major risks lo which the charity is exposed. in particular those r818t8d to thè operations and fin8nces of the Gharity, and are salislied thal systems are in plac• to mitigaia 9XPQsure lo the major risks. Slructurn, governance and managèment The Bonamy Charitable Trust is conslitutetj ty a Deed of Tru51 dated 12 September 1983 and 15 a charity Ino. 3264241 registered with the Charity Commisslon. BONAMY CHARITABLE TRUST TRUSTEES, REPORT (CONTINUED) FOR ThIE YEAR ENDED 31 DECEIIIBER 2021 Thg tr￿tee8 who sarvèd during lh8 yoar and up to t￿ date of 8lgnaturn of fln8r￿lI statam•n18 wero.. Mr M Moryvuwf Mry R Moryoussof MrJ Moryou8yaf d•y to day admln18tratlon of Iho charfty IB carrw on by the Iru8tOg8. All major de¢181ons arè takon couoctlvely by the tru8teea. Any racrumment 8rKI appolnlmènl olnew trust￿& wuld be In lino wlth fv Trust Dwl and wrth lh• con8•nt of tho oxlstlng tru6teei. The (￿tOrIa Aèt for a 8ultsbl8 ¢andidate would bo aomeone wlwjls 8en8itiv• to the n•od8 of charity. In 8rttrthnc8 wllh Iho Tru8t Dood, the tru8teo8 hav8 tho p(w￿r Ic+ Inve•1 In Btock8, 8h#roB, inve5trnonts and prop8rty In the UK a8 Ihoy se8 rrt, The tru$1?￿ bellova th81 the wIorMar￿e ol Investnwnts durfn9 th• y88r h&8 baen aall¥faGtory and h98 allowed thom to rnoot Iho tharfty8 Ot4•ctlv•B. tru8te8s ha￿ 8b8olut8 dlBcrelI￿ In dotorminirwJ tho 80l•dion of Invo8tm•nt8 fcf tho ch•rlty. On behalf of tb $leo8 oryous••t ruglee Z¢Z BONAMY CHARITABLE TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BONAMY CHARITABLE TRUST I report lo the trustees on my examination of the financl81 ststemenls of Bonamy Charitsble Trust Ilhe ch8htyl for the year ended 31 December 2021. R••pon•lblllties and basls of r•port As th8 tru51e85 of the charity you are responslble for tho preparation of tho fin8nci81 sIBlemen18 in Bccordance with the requirements of the Charities Act 2011 (the 2011 Acti. I report In respect of my oxamlnallon of the charity's financial st8tements carried out under sects'on 145 of th 2011 Act. In carrying out my examinallon I have followed all the applicable Directions givon by the Charity Commission under section 14515llb) of the 2011 Act. Ind•p•nd•nt •xaminerfJ ¥tat•m•nt I have comp18ted my examination. I conflrm that no matters have comg lo my attention in connedon with ihe examination giving me cause lo believe that in any material respect.. accounting records were not kept in respect of the charlly as required by ¥ecllon 130 of the 2011 Act,. or the financial statements do not accord wlh those reGords', or the financlal 8talements do not comply wllh the applicabl8 r8quir8ments concemSng the fom and content of accounts set out in th8 Ch8rtts'8s (Accounts and Report51 Regul8Uons 2008 Other than any requlrement that the accounlB glve a true 8nd falr vl8w whlch 15 not a matter consldeied as part of an Sndependont examlnallon. I have no concerns and hava come across no other m8tters In connection wblh th8 8xomlnation lo whlch attenllon should be drawn In this report in ord8r to enable a proper undèrstanding of the flnanclal 6tatemenls lo be ￿aChed. Jonathan 8rodie FCA Lopian Gross 8amell & Co 1st Floor Cloister House Riverside, New B8lley Street M8nchester M3 5FS Dated.. 1210912022 BONAMY CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2021 unr￿trIct*d Unrestrlcted funds funds 2021 2020 Nots• Incom• and endowm•ntA from.. Donations recalved lllve51ments Change in market valua of Investments 120,400 23.279 21.091 125,000 10,823 44.942 Totsl Incom• 164,770 180,765 Ex endllura on: Raising ftjnds 763 575 Ch8rltable actlvllles 107.223 131.490 Other 10 2,585 2,580 Total •xp•ndltur• 110.571 134.645 N•t Incom• far th• y•arl Not mov•m•nt In lund• 54.199 46,120 Fund balance8 al 1 January 2021 559,066 512,946 Fund b•lanc•• •131 December 2021 613,265 559,066 The Slalemont of financl81 actiwties indudes all galns and losses recogn18ed in the year. All income and expenditure derivo from continuing activities. BONAMY CHARITABLE TRUST BALANCE SHEET ASAT31 DECEMBER 2021 2021 2020 Not•* Flx•d M••l¥ Investments 11 481.827 461,289 Current ••Mt• D8btor8 Cagh al bank ond In hand 12 22,329 111,509 12,610 87,587 133.838 100,177 Cw•dFtorn: rnnt• falllng du• wlthln on• ymr 13 (2,4001 12,400} Net curr￿( a88et8 131,438 97,777 Totsl •M•t¥ l••• current Il•blLItIo• 813,265 559,066 lftcom• fvnd• UN•8tr1Gted fund8 613285 559,066 813285 559,088 The flnancl 06 w*re approved by the Tru8tso0 on ........ ......... ..... oryoumef t•• BONAMY CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 Accountlng pollcle¥ Charlty Infomiatlon The Bonamy Charitable Tru81 Is constituted by B Deed of Trust dated 12 September 1983 and is a charity INO. 3264241 that is reglslered with the Charities Commission. 1.1 Accounting conventlon The financial statements have been prepared In accor(18nce wllh the charity's goveming document, Ihe Charit185 Act 2011 and "Accounling and Reportlng by Charities.. Slalement of Recommended Practlce applicable lo charities preparing their accounts in accordance with the Finanual Repoiting Standard applic8ble in the UK and Republic of Ireland IFRS 1021 Jni8ed on receipt or Othe￿Se If the charity h85 been notthed of an impending distribulion. the amount 15 known. and receipt is expecteé. If the amount is not known. the legBCy is tr8Bt8d 8s a contsngent 8SS8t. BONAMY CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021 Accounting pollcles Icontlnuedl Investment galns and108ses Investment gains and1055es Include any gain or loss on the sale of Investments and any gain or loss resulllng from revaluing investments lo market value at tha enol of the year. 1.5 Exp•ndltur• Llabililies a￿ recognis8d on an accruals basis gs soon as there Is 8 legal or con8tructlv8 obligatlon cornmitling the charity lo pay out resources. 1.6 Flx•d aB8et Inv•¥tm•nts Fixed asset investments are initially m88sured al transaction price excluding Iransactlon costs, and are subsequently Measured at f8ir value 81 each reporting dale. Changes in falr value are recognised in nel Incomellexpendilurel for the year. Trans8don costs are expensed as incurred. 1.7 C•sh and cash •qulval•nt• Cash and cash equivalents include cash in hand, deposits held al c811 with banks, other short-18m Ilquid investments with orlglnal malurlties of three month5 or less, and bank overdraftg. Bank overdraft8 are shown within borrowlngs in current IiBbilitl8S. 1.8 Flnanclal In8trum•nts The charity has eleclgd to apply the proMsion8 of Sects'on 11 'Baslc Financial Instruments. and Section 12 'Olher Financial In51rumenl$1sgues' of FRS 102 10 81101 Its fynancial instruments. FSn8nclal instruments are rectwnised In the charity'¥ balance 8heel %**en the charity becomes party to the contractual provlsbons of Ihe Instrument. Flnanclal assets and liabililie6 are off5el, with the net amounts presented in the flnancial slalempnls. when ther8 Is 8 legally enforceabl8 right to sèl off the rgcognised amounts and there is an intention lo s8lU8 on a net ba81s or lo reallse th8 As8818nd S&11￿ Ihe118bllity slmultaneousty. B•slc Iln•n¢l•l •$sets 8aslc flnancial assets. whlch include d8btors and cash 8nd bank balances, are initially measured at ITansaciion prtce Includlng Iransactlon costs 8nd are subsequently carrled al amortised cost uslng the effective interest m8thod unless the arrang8m8nt constllules a financing Ir8ns8Ction, where the Iransactlon Is measured al the present value of the futur8 r8c8ipts discounted al a market rale of Snlere8t. Flnanaal 888e16 dassified 85 receivable within one year are not amortised. 8*slc flnanclol Ilabllllles B8sic financial liabilities, including CTedl(ors #nd bank loans are inillally recognised al transaction price unless the arrangement consts'lules 8 flnancing transaction, where the debt instrument is measured at the present value of the lulure payments discounted al a market rale of Interest. Financial liabilities dassified as payable wllhin one year are not amortised. D•r•cognltlon oi financial li•bllltie$ Financial liabilities are derecognised when the ch8rlty'8 Contractual obligations expire or are dSscharyed or cancelled. BONAMY CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021 Donatlons rncelv•d Unr•strlct•d Unreslrioled funds funds 2021 2020 Donallons and gifts 120.400 125,000 Inv•stm•nts 2021 2020 Income from1181ed Inv88tments Inl8rast rerAivable 23,279 10,238 585 23.279 10,823 Chang• ITr Market v•lue of Inve•tm•nl• 2021 2020 Change In market value 21,091 44,942 R•l¥lng fund• 2021 2020 Fundralslng Investment management costs 763 575 763 575 Charltabl• a¢tlvlll•8 2021 2020 Grant funding of advltigs Isee note 71 107,223 131,490 BONAMY CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 310ECEM8ER 2021 Grants pay•bl• Th8 charity made donations of £107,223 12020 £131,490110 8 var16ty of charltsble Ins￿lutIOns Sn accordanc8 With its objects. These can ba furth8r analy5ed by purpose, as fcllows= 2021 2020 Grants lo Snslitulions.. Jewish outreach and Gontinuily Jewlsh welfare General poverty and welfare Jewish education Synagogues 32,560 15.285 26.914 24,680 7,784 42,546 30.100 9.429 26,260 23,155 107.223 131.490 Material grants wore rnado lo tho lollowing bodlos In the followlng amounts.. Federation of Jewish Community- £12,500 Communily Securlty Tru81- £12.000 UJIA- £10,000 The Friendship Clrcle- £10,000 SMS Foundolion - £6,570 Atsh UK. £6,000 Tru•t•e• None of the Irusle8s lor any peisons connected with them) receSved any remuneratlon or expenses durfng the year. Employ••i The average monthly number of employees during tha year was.. 2021 Numb•r 2020 Number Total There were no employees whose annual remuneration was more than £60,000. 10 Other 2021 2020 Accountancy fees 2.585 2.580 11 Fix•d asset investments BONAMY CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021 11 Flxed •s•et Investm•nts {Contlnuedl List•d Investments Cost or valuatlon Al 1 January 2021 & 31 December 2021 461,289 Carrylng amount Al 31 December 2021 481,289 Al 31 December 2020 461,289 12 Debtor• 2021 2020 Amounts l•lllng du• wlthln on• yoar: Other debtors 22,329 12,610 13 Crndllorn.. amounts l•lllng du• wlthln on• y•ar 2021 2020 Accru818 and deferred Incomo 2,400 2,400 14 R•lat•d party tran•actloThA There were no disclosable related party trans8Cttons durlng the ye8r12020- none). 10-