The Charity Registration Number is :- 326634
Chasdei Yoel Charitable Trust
Report and Accounts
5 April 2021
Chasdei Yoel Charitable Trust
Report and accounts for the year ended 5 April 2021
Contents
| Page | ||
|---|---|---|
| Charity information | 1 | |
| Trustees' Annual Report | 1 | |
| Statement of directors' responsibilities | 4 | |
| Independent Accountant's Report | 6 | |
| Funds Statements:- | ||
| Statement of Financial Activities | 8 | |
| Statement of total recognised gains and losses | 10 | |
| Movements in funds | 12 | |
| Revaluation reserves | 12 | |
| Revenue Funds | 12 | |
| Income and Expenditure account | 13 | |
| Summary of funds | 13 | |
| Balance sheet | 14 | |
| Notes to the accounts | 16 |
Chasdei Yoel Charitable Trust
Trustees' Annual Report for the year ended 5 April 2021
The Trustees present their Report and Accounts for the year ended 5 April 2021.
Reference and administrative details
The charity name.
The legal name of the charity is:- Chasdei Yoel Charitable Trust
The charity's areas operation and UK charitable registration.
The charity is registered in England & Wales with the Charity Commission in England & Wales (CCEW) with charity number 326634
Legal structure of the charity
The governing document of the charity is the Trust Deed establishing the charity.
The trustees are all individuals.
1
Chasdei Yoel Charitable Trust
Trustees' Annual Report for the year ended 5 April 2021
The principal operating address and telephone number of the charity are:-
37 Northumberland Street Salford, Manchester M7 4DQ 0161 740 0248
The Trustees in office on the date the report was approved were:-
Mr A Roth Mr G Rothbart Mr J Jakobovics Mr NI Gruner
The following persons served as Trustees during the year ended 5 April 2021 :-
Mr A Roth Mr G Rothbart
The trustees who served as a trustee in the reporting period were as shown above, and there were no changes during the year, or in the period between the year end and the approval of the accounts.
All the trustees are also members of the charity.
Objects and activities of the charity
The purposes of the charity as set out in its governing document.
The promotion of general charitable purposes. In addition it runs a local community and education centre.
The main activities undertaken in relation to those purposes during the year.
During the year, the charity continued its running of the community centre, which offers a library and study hall open on a daily basis, as well as many lectures.
Chasdei Yoel also continued to provide grants to local families in need thereof.
The main activities undertaken during the year to further the charity's purpose for
The trustees confirm that they have referred to guidance contained in the charity commission’s general guidance on public benefit and in particular to its supplementary public benefit guidance when reviewing the charity’s aims and objectives and in planning future activities, and setting the grant policy for the year.
The main achievements and performance of the charity during the year.
The charity received donations during the year from which was paid out the community centre expenses and support costs. Grants were also paid out during the year as are in line with the objects of the charity.
The trustees would like to record their appreciation for the financial support received from benefactors during the course of the year.
2
Chasdei Yoel Charitable Trust
Trustees' Annual Report for the year ended 5 April 2021
Fundraising activities during the year.
The charity relies on grant aid from donors as is identified in the accounts, whose support is valued. There have been no other fundraising activities.
The difference the charity's performance during the year has made to the beneficiaries of the charity.
The charity's beneficiaries have benefitted from the community centre, attending the lectures it has provided, as well as its liabrary and study hall.
Recipients of donations have had their financial plight eased somewhat.
The degree to which the achievements and performance during the year have benefited wider society.
The wider society has also benefited from the charity, whose activities promote ethical values to those reached and affected by the charity.
Structure, governance and management of the charity
The methods used to recruit and appoint new charity trustees.
New trustees are periodically appointed by the existing trustees, from within the community. This is done in consultation with the community leaders.
Bankers The Royal Bank Of Scotland PLC, 18 Bury Old Rd, Manchester, M8 9JN; Bacrlays Bank PLC, 460 Bury New Rd, Manchester, M25 1AX Accountants Levensons Ltd, Rico House, George St, Prestwich, M25 9WS
Financial review
The charity's financial position at the end of the year ended 5 April 2021
The financial position of the charity at 5 April 2021 and comparatives for the prior period, as more fully detailed in the accounts, can be summarised as follows:-
| Total Unrestricted Funds Total Funds Unrestricted revaluation reserve Unrestricted Revenue Funds available for the general purposes of the charity Net income |
2021 £ 33,898 1,128,848 (78,281) 1,050,567 1,050,567 |
2020 £ 44,411 |
|---|---|---|
| 1,094,950 (78,281) |
||
| 1,016,669 | ||
| 1,016,669 |
3
Chasdei Yoel Charitable Trust
Trustees' Annual Report for the year ended 5 April 2021
Financial review of the position at the reporting date, 5 April 2021 .
The trustees consider the financial performance by the charity during the year to have been satisfactory.
With consideration to the low liquid asset position, the trustees have ensured a surplus be made this year to ensure the charity is in a position to continue providing for the future. The charity owns several property syndicate investments, which continue to provide an income to the charity.
Policies on reserves.
The unrestricted fund represents the unrestricted funds arising from past operating results. It represents the free reserves of the charity besides the tangible fixed assets and investments. The Trustees are satisfied that the balance of the fund is satisfactory given the nature of the cash requirements of the charity.
Availability and adequacy of assets of each of the funds
The board of trustees is satisfied that the charity's assets in each fund are available and adequate to fulfil its obligations in respect of each fund.
Statement of Trustees's Responsibilities
The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities Act 2011 and the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015 (as amended).
In particular, charity law requires the Trustees, if they prepare accounts on an accruals basis, to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of the surplus or deficit of the charity. In preparing those financial statements the Trustees are required to :-
-
to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).
-
select suitable accounting policies and apply them consistently;
-
make judgements and estimates that are reasonable and prudent;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business;
-
state whether applicable accounting standards and statements of recommended practice have been followed, subject to any material
-
departures disclosed and explained in the financial statements;
The law requires that the trustees must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for the year.
4
Chasdei Yoel Charitable Trust
Trustees' Annual Report for the year ended 5 April 2021
The Trustees are also responsible for maintaining adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which are sufficient to show and explain the charity's transactions and enable them to ensure that the financial statements comply with regulations made under the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The Trustees are also responsible for the contents of the Trustees' report, and the statutory responsibility of the Independent Examiner in relation to the Trustees' report is limited to examining the report and ensuring that , on the face of the report, there are no material inconsistencies with the figures disclosed in the financial statements.
This report was approved by the board of trustees on 4 February 2022.
Mr A Roth Trustee
5
Chasdei Yoel Charitable Trust
Report of the Independent Examiner to the Trustees of the charity on the accounts for the year ended 5 April 2021
I report on the financial statements of the charity on pages 8 to 24 for the year ended 5 April 2021 which have been prepared in accordance with the Charities Act 2011 (the Act) and with the Financial Reporting Standard 102, (effective 1st January 2016) adapted to meet the needs of unincorporated organisations, as modified by FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015 (as amended by the Bulletin issued in February 2016) published by the Charity Commission in England & Wales (CCEW) , effective January 2015 (The SORP), under the historical cost convention and the accounting policies set out on page 16.
Respective responsibilities of the Trustees and the Independent Examiner
As described on page 4, the charity's Trustees are responsible for the preparation of the accounts.
The Trustees consider that the audit requirement of Section 144(1) of the Charities Act 2011 (the Act) does not apply, and that there is no requirement in the Governing Document for the conducting of an audit. As a consequence, theTrustees have elected that the financial statements be subject to independent examination.
Having satisfied myself that the charity is not subject to audit under any legal provision, or otherwise, and is eligible for independent examination, it is my responsibility to:-
-
a) examine the accounts under Section 145 of the Act;
-
b) follow the procedures in the General Directions given by the Charity Commission under section 145(5)(b) of the Act and;
-
c) state whether particular matters have come to my attention.
Basis of Independent Examiner's Statement and scope of work undertaken
I conducted my examination in accordance with the General Directions given by the Charity Commission under section 145(5)(b) of the Act, setting out the duties of an Independent Examiner in relation to the conducting of an Independent Examination. An Independent Examination includes a review of the accounting records kept by the charity and of the accounting systems employed by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from you, asTrustees, concerning such matters. The purpose of the examination is to establish as far as possible that there have been no breaches of charity legislation and that the financial statements comply with the SORP, on a test basis, of evidence relevant to the amounts and disclosures in the financial statements.
The procedures undertaken do not provide all the evidence that would be required in an audit , and information supplied by theTrustees in the course of the examination is not subjected to audit tests or enquiries, and consequently I do not express an audit opinion on the view given by the financial statements, and in particular, I express no opinion as to whether the financial statements give a true and fair view of the affairs of the charity, and my report is limited to the matters set out in the statement below.
I planned and performed my examination so as to satisfy myself that the objectives of the Independent Examination are achieved and before finalising the report I obtained written assurances from the Trustees of all material matters.
Independent Examiner's Statement, Report and Opinion
Subject to the limitations upon the scope of my work as detailed above , in connection with my examination, I can confirm that :-
This is a report in respect of an examination carried out under 145 of the Act and in accordance with General Directions given by the Charity Commission under section 145(5)(b) of the Act which may be applicable;
and that no matter has come to my attention in connection with my examination which gives me reasonable cause to believe that in any material respect the requirements :-
to keep accounting records in accordance with with Section 130 of The Charities Act 2011;
6
Chasdei Yoel Charitable Trust
when preparing accounts on an accruals basis, to prepare financial statements which accord with the accounting records and comply with the accounting requirements of the Act and the Regulations setting out the form and content of charity accounts;
have been prepared in accordance with The Charities Act 2011. and with the methods and principles set out in the FRS102 Statement of Recommended Practice - Accounting and Reporting by Charities (effective January 2016)
have not been met or to which, in my opinion, attention should be drawn in my report in order to enable a proper understanding of the accounts to be reached;
Mr Y Levenson - Independent Examiner Levensons Ltd Rico House George St Prestwich M25 9WS
This report was signed on 4 February 2022
7
Chasdei Yoel Charitable Trust - Statement of Financial Activities for the year ended 5 April 2021
Statement of Financial Activities for the year ended 5 April 2021
| Current year Unrestricted Funds 2021 £ Income & Endowments from: Donations & Legacies A1 208,950 Investments A4 19,787 Total income A 228,737 Expenditure on: Charitable activities B2 185,260 Total expenditure B 185,260 Net gains on investments B4 (9,579) Net income for the year 33,898 Net income after transfers A-B-C 33,898 Other recognised gains/(losses) D1 - 33,898 Reconciliation of funds:- E Total funds brought forward 1,016,669 Total funds carried forward 1,050,567 Net movement in funds Net gains on revaluation of fixed assets SORP Ref |
Current year Unrestricted Funds 2021 £ 208,950 19,787 |
Current year Restricted Funds 2021 £ - - - - - - - - - - - - |
Current year Total Funds 2021 £ 208,950 19,787 228,737 185,260 185,260 (9,579) 33,898 33,898 - 33,898 1,016,669 1,050,567 |
Prior Year Total Funds 2020 £ 184,126 23,988 |
|---|---|---|---|---|
| 228,737 | 208,114 | |||
| 185,260 | 193,025 | |||
| 185,260 | 193,025 | |||
| (9,579) | 29,322 | |||
| 33,898 | 44,411 | |||
| 44,411 - |
||||
| 33,898 1,016,669 |
44,411 971,076 |
|||
| 1,050,567 | 1,015,487 |
The 'SORP Ref' indicated above is the classification of income set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the Balance Sheet.
A Statement of Total Recognised Gains and Losses is included as a primary statement in these accounts.
All the prior year transactions were unrestricted items, and no further analysis is required
All activities derive from continuing operations
The notes attached on pages 16 to 24 form an integral part of these accounts.
8
Chasdei Yoel Charitable Trust - Statement of Financial Activities for the year ended 5 April 2021
| SORP Ref |
Prior Year |
Prior Year | Prior Year Total Funds |
|
|---|---|---|---|---|
| Unrestricted Funds | Restricted Funds | |||
| 2020 | 2020 | 2020 | ||
| £ | £ | £ | ||
| Income & Endowments from: | ||||
| Donations & Legacies | A1 | 184,126 | - | 184,126 |
| Charitable activities | A2 | - | - | - |
| Other trading activities | A3 | - | - | - |
| Investments | A4 | 23,988 | - | 23,988 |
| Other | A5 | - | - | - |
| Total income | A | 208,114 | - | 208,114 |
| Expenditure on: | ||||
| Raising funds | B1 | - | - | - |
| Charitable activities | B2 | 193,025 | - | 193,025 |
| Other | B3 | - | - | - |
| Tax on surplus on ordinary activit | B3 | - | - | - |
| Total expenditure | B | 193,025 | - | 193,025 |
| Net gains on investments | B4 | 29,322 | - | 29,322 |
| Net income for the year | 15,089 | - | 15,089 | |
| Transfers between funds | C | - | - | - |
| Net income after transfers | 44,411 | - | 44,411 | |
| Other recognised gains/(losses) | - | - | - | |
| Net gains on revaluation of fixed assets |
D1 | - | - | - |
| Net movement in funds | 44,411 | - | 44,411 | |
| Reconciliation of funds:- | E | |||
| Total funds brought forward | 971,076 | - | 971,076 | |
| Total funds carried forward | 1,015,487 | - | 1,015,487 |
All activities derive from continuing operations
9
Chasdei Yoel Charitable Trust - Statement of Financial Activities for the year ended 5 April 2021
Statement of Total Recognised Gains and Losses for the year ended 5 April 2021
| 2021 £ Surplus for the year :- 43,477 Income from operations before tax in the Statement of Financial Activites 43,477 Realised (losses)/gains on the disposal of investments (9,579) Surplus as shown in the Income and Expenditure account 33,898 Add/(deduct) non income and expenditure items:- Gains on the revaluation of tangible fixed assets - Net Movement in funds before taxation 33,898 Funds generated in the year as shown on Statement of Financial Activiti 33,898 The notes attached on pages 16 to 24 form an integral part of these accounts. Net excess of income over expenditure from operations before tax |
2021 £ Surplus for the year :- 43,477 Income from operations before tax in the Statement of Financial Activites 43,477 Realised (losses)/gains on the disposal of investments (9,579) Surplus as shown in the Income and Expenditure account 33,898 Add/(deduct) non income and expenditure items:- Gains on the revaluation of tangible fixed assets - Net Movement in funds before taxation 33,898 Funds generated in the year as shown on Statement of Financial Activiti 33,898 The notes attached on pages 16 to 24 form an integral part of these accounts. Net excess of income over expenditure from operations before tax |
2020 £ 15,089 |
|---|---|---|
| 15,089 29,322 |
||
| 44,411 - |
||
| 44,411 | ||
| 44,411 | ||
10
Chasdei Yoel Charitable Trust - Statement of Financial Activities for the year ended 5 April 2021
Chasdei Yoel Charitable Trust - Resources applied in the year ended 5 April 2021 towards fixed assets for Charity use:-
| assets for Charity use:- | ||
|---|---|---|
| Funds generated in the year as detailed in the SOFA Net resources available to fund charitable activities |
2021 £ 33,898 33,898 |
2020 £ 44,411 |
| 44,411 |
The resources applied on fixed assets for charity use represents the cost of additions less proceeds of any disposals.
The notes attached on pages 16 to 24 form an integral part of these accounts.
11
Chasdei Yoel Charitable Trust - Statement of Financial Activities for the year ended 5 April 2021
Movements in revenue and capital funds for the year ended 5 April 2021
Revenue accumulated funds
| Accumulated funds brought forward Closing revenue funds Revaluation Reserve Fund At 6 April At 5 April Summary of funds Revenue accumulated funds Revaluation reserve fund Total funds Recognised gains and losses before transfers Net gains on revaluation of fixed assets |
Unrestricted Funds 2021 £ 1,094,950 33,898 |
Restricted Funds 2021 £ - - - - Restricted Funds 2021 £ - - - Restricted Funds 2021 £ - - - |
Total Funds 2021 £ 1,094,950 33,898 1,128,848 1,128,848 Total Funds 2021 £ (78,281) - (78,281) Total Funds 2021 £ 1,128,848 (78,281) 1,050,567 |
Last year Total Funds 2020 £ 1,049,357 44,411 |
|---|---|---|---|---|
| 1,128,848 | 1,093,768 | |||
| 1,128,848 | 1,093,768 | |||
| Unrestricted Funds 2021 £ (78,281) - |
Last year Total Funds 2020 £ (78,281) - |
|||
| (78,281) | (78,281) | |||
| Unrestricted and Designated funds 2021 £ 1,128,848 (78,281) |
Last Year Total Funds 2020 £ 1,093,768 (78,281) |
|||
| 1,050,567 | 1,015,487 |
The notes attached on pages 16 to 24 form an integral part of these accounts.
12
Chasdei Yoel Charitable Trust - Statement of Financial Activities for the year ended 5 April 2021
Chasdei Yoel Charitable Trust
Income and Expenditure Account for the year ended 5 April 2021 as required by the Companies Act 2006
| Income Income from operations Realised Gains on the disposal of investments Income from investments, other than interest receivable Interest receivable Gross income in the year before exceptional items Gross income in the year including exceptional items Expenditure Charitable expenditure, excluding depreciation and amortisation Depreciation and amortisation Interest payable Realised losses on disposals of social investments which are programme related Total expenditure in the year Tax on surplus on ordinary activities Retained surplus for the financial year Net income after tax in the financial year Net income before tax in the financial year Investment income and interest |
2021 £ 208,950 - 19,780 7 228,737 228,737 168,910 1,072 15,278 - 194,839 33,898 - 33,898 33,898 |
2020 £ 184,126 29,322 23,949 39 |
|---|---|---|
| 237,436 | ||
| 237,436 | ||
| 178,203 1,225 13,597 - |
||
| 193,025 | ||
| 44,411 - |
||
| 44,411 | ||
| 44,411 |
All activities derive from continuing operations
In accordance with the provisions of the Companies Act 2006, the headings and subheadings used in the Income and Expenditure account have been adapted to reflect the special nature of the charity's activities.
The notes attached on pages 16 to 24 form an integral part of these accounts.
13
Chasdei Yoel Charitable Trust - Balance Sheet as at 5 April 2021
| Note SORP Ref 2021 2020 £ £ Fixed assets A Tangible assets 10 A2 909,222 910,294 Investments held as fixed assets 11 A4 164,394 157,991 Total fixed assets 1,073,616 1,068,285 Current assets B Debtors 12 B2 12,444 20,116 Cash at bank and in hand B4 130,830 40,537 Total current assets 143,274 60,653 Creditors: amounts falling due within one year 13 C1 (4,218) (4,000) Net current assets 139,056 56,653 1,212,672 1,124,938 Creditors: amounts falling due after more than one year 14 C2 (162,105) (108,269) The total net assets of the charity 1,050,567 1,016,669 Restricted funds There are no restricted funds. Unrestricted Funds Unrestricted Revenue Funds 20 D3 1,128,848 1,094,950 Unrestricted Revaluation Reserve 20 D4 (78,281) (78,281) 1,050,567 1,016,669 Designated Funds Total charity funds 1,050,567 1,016,669 Total assets less current liabilities There are no unanalysed prior period funds The total net assets of the charity are funded by the funds of the charity, as follows:- |
20,116 40,537 |
2020 £ 910,294 157,991 |
|---|---|---|
| 1,016,669 |
The 'SORP Ref' indicated above is the classification of Balance Sheet items as set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the SOFA.
14
Chasdei Yoel Charitable Trust - Balance Sheet as at 5 April 2021
The Trustees acknowledge their responsibilities for complying with the requirements of charity legislation with respect to accounting records and the preparation of accounts.
The charity is subject to Independent Examination under charity legislation, and the report of the Independent Examiner is on page 7.
The Trustees are satisfied that, although the charity is not registered under the Companies Acts, if it were so registered, it would be eligible to prepare accounts in accordance with the provisions in Part 15 of the Companies Act 2006. applicable to companies subject to the small companies regime.
Mr A Roth
Trustee Approved by the board of trustees on 4 February 2022
The notes attached on pages 16 to 24 form an integral part of these accounts.
15
Chasdei Yoel Charitable Trust
Notes to the Accounts for the year ended 5 April 2021
1 Accounting policies
Policies relating to the production of the accounts.
Basis of preparation and accounting convention
The accounts have been prepared on the accruals basis, under the historical cost convention, and in accordance with the Financial Reporting Standard 102, (effective 1st January 2016) and 'FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015 (as amended by the Bulletin issued in February 2016) published by the Charity Commission in England & Wales (CCEW) ,effective January 2016, (The SORP), and in accordance with all applicable law in the charity's jurisdiction of registration.
Policies relating to expenditure on goods and services provided to the charity.
Recognition of liabilities and expenditure
A liability, and the related expenditure, is recognised when a legal or constructive obligation exists as a result of a past event, and when it is more likely than not that a transfer of economic benefits will be required in settlement, and when the amount of the obligation can be measured or reliably estimated.
Liabilities arising from future funding commitments and constructive obligations, including performance related grants, where the timing or the amount of the future expenditure required to settle the obligation are uncertain, give rise to a provision in the accounts, which is reviewed at the accounting year end. The provision is increased to reflect any increases in liabilities, and is decreased by the utilisation of any provision within the period, and reversed if any provision is no longer required. These movements are charged or credited to the respective funds and activities to which the provision relates.
Policies relating to assets, liabilities and provisions and other matters.
Fixed Asset Investments
Fixed asset investments in quoted shares, traded bonds, investment properties and similar investments are shown initially at cost upon acquisition and at their market value at the balance sheet date at the end of the financial period. Investment properties are not depreciated.
Fixed asset investments in unlisted equities are shown at the balance sheet date at the best estimate of their market value, where practicable. Where valuation techniques are considered unreliable or where, in the opinion of the trustees, the costs outweigh the benefits to the users of the accounts, the investment is included at cost, and a review is undertaken at each year end as to whether the asset should be written down.
All gains on fixed asset investments, whether realised or unrealised, are included in row B4 of the Statement of Financial Activities.
Tangible fixed assets
Tangible fixed assets are measured at their original cost value, or subsequent revaluation, or if donated, as described above. Cost value includes all costs expended in bringing the asset into its intended working condition.
Depreciation has been provided at the following rates in order to write off the assets to their anticipated residual value over estimated useful lives.
Freehold premises 0 % straight line Leasehold premises 2 % straight line Plant and machinery 12.5 % reducing balance Motor vehicles 25 % straight line
Debtors
Debtors are measured at their recoverable amounts at the balance sheet date.
Creditors and provisions
Accruals and other liabilities are recognised when there is a legal or constructive obligation to pay for expenditure.
16
Chasdei Yoel Charitable Trust
Notes to the Accounts for the year ended 5 April 2021
Financial instruments including cash and bank balances
Cash held by the charity is included at the amount actually held and counted at the year end. Bank balances, whether in credit or overdrawn, are shown at the amounts properly reconciled to the bank statements.
2 Liability to taxation
The Trustees consider that the charity satisfies the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 for UK corporation tax purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by chapter 3 part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively on the specific charitable objects of the charity and for no other purpose. Value Added Tax is not recoverable by the charity, and is therefore included in the relevant costs in the Statement of Financial Activities.
3 Winding up or dissolution of the charity
If upon winding up or dissolution of the charity there remain any assets, after the satisfaction of all debts and liabilities, the assets represented by the accumulated fund shall be transferred to some other charitable body or bodies having similar objects to the charity.
4 Net surplus before tax in the financial year
| 4 Net surplus before tax in the financial year |
||
|---|---|---|
| Depreciation of owned fixed assets 5 Interest payable Loan interest Bank interest payable The net surplus before tax in the financial year is stated after charging:- |
2021 £ 1,072 |
2020 £ 1,225 |
| 2021 £ - 15,278 |
2020 £ - 13,597 |
|
| 15,278 | 13,597 |
6 Gains and losses on revaluation of fixed assets
| Revaluation of :- Property |
Current year Unrestricted Funds 2021 £ - |
Current year Restricted Funds 2021 £ |
Current year Total Funds 2021 £ - |
Prior Year Total Funds 2020 £ - |
|---|---|---|---|---|
| - | - | - | - |
7 Investment gains
| Realised gains/(losses) Other Unlisted Investments Total realised gains/(losses) Total realised and unrealised gains |
Current year Unrestricted Funds 2021 £ (9,579) |
Current year Restricted Funds 2021 £ - |
Current year Total Funds 2021 £ (9,579) |
Prior Year Total Funds 2020 £ 29,322 |
|---|---|---|---|---|
| (9,579) | - | (9,579) | 29,322 | |
| (9,579) | - | (9,579) | 29,322 |
17
Chasdei Yoel Charitable Trust
Notes to the Accounts for the year ended 5 April 2021 8 Staff costs and emoluments
| Salary costs 2021 £ Gross Salaries excluding trustees and key management personnel 18,925 Trustees' Remuneration as detailed in note 0 - Total salaries, wages and related costs 18,925 Numbers of full time employees or full time equivalents 2021 The average number of total staff employed in the year was 3 The average number of part time staff employed in the year was 3 The average number of full time staff employed in the year was - The estimated full time equivalent number of all staff employed in the year was 2 The estimated equivalent number of full time staff deployed in different activities in the year was:- Engaged on charitable activities 2 The estimated full time equivalent number of all staff employed as above 2 9,772 9,772 9 Remuneration and payments to Trustees and persons connected with them The remuneration in the year year was Total remuneration package included in total salaries above Neither the trustees nor any persons connected with them have received any remuneration from the charity entity, either in the current or prior year. No employees received emoluments (excluding pension costs) in excess of £60,000 per annum. Highest paid employee |
2021 £ 18,925 - |
2020 £ 40,331 - |
|---|---|---|
| 18,925 | 40,331 | |
| 2021 3 |
2020 3 |
|
| 3 - 2 2 |
||
| 2 | 2 | |
| 9,360 or any related |
||
| 9,772 | 9,360 |
|
No trustees or persons connected with them received any remuneration from the charity, or any related entity.
10 Tangible fixed assets
| Cost At 6 April 2020 Surplus on revaluation At 5 April 2021 Depreciation At 6 April 2020 Charge for the year At 5 April 2021 Net book value At 5 April 2021 At 5 April 2020 Freehold land and buildings included above: Historical cost Cumulative depreciation based on historical cost |
Land and Buildings £ 901,719 - |
Plant & Machinery £ 64,789 - |
Motor Vehicles £ - - |
Total £ 966,508 - |
|---|---|---|---|---|
| 901,719 | 64,789 | - | 966,508 | |
| - - |
56,214 1,072 |
- - |
56,214 1,072 |
|
| - | 57,286 | - | 57,286 | |
| 901,719 | 7,503 | - | 909,222 | |
| 901,719 | 8,575 | - | 910,294 | |
| 2021 £ 901,719 |
2020 £ 901,719 |
|||
| - | - |
18
Chasdei Yoel Charitable Trust
Notes to the Accounts for the year ended 5 April 2021
11 Investments held as fixed assets
| £ Carrying values of investments At 6 April 2020 - Additions - Disposals - At 5 April 2021 - Analysis between fair value and historical cost Investments as above held at fair value - Analysis of Other Classes of Investment Summary of other classes of investments at 5 April 2021 Cash or cash equivalents 12 Debtors Other debtors 13 Creditors: amounts falling due within one year Accruals 14 Creditors: amounts falling due after one year Bank loans and overdrafts Other creditors 15 Loans to trustees included in debtors 16 Guarantees made by the charity on behalf of trustees Investments in subsidiaries |
£ - - - Investments in subsidiaries |
Listed investments £ - - - |
Other Classes of Investment £ 157,991 6,403 - |
Total £ 157,991 6,403 - |
|---|---|---|---|---|
| - | - | 164,394 | 164,394 | |
| - Included at historical cost, less write down £ - |
164,394 Included at fair value £ 164,394 2021 £ 12,444 |
164,394 Total £ 164,394 2020 £ 20,116 |
||
| 2021 £ 4,218 |
2020 £ 4,000 |
|||
| 2021 £ 136,905 25,200 |
2020 £ 84,569 23,700 |
|||
| 162,105 | 108,269 | |||
| - - |
- - |
19
Chasdei Yoel Charitable Trust
Notes to the Accounts for the year ended 5 April 2021
17 Revaluation reserve
| At 6 April 2020 Arising on revaluation during the year At 5 April 2021 18 Income and Expenditure account summary At 6 April 2020 Surplus after tax for the year At 5 April 2021 |
Current year Unrestricted Funds 2021 £ (78,281) - |
Current year Restricted Funds 2021 £ - - |
Current year Total Funds 2021 £ (78,281) - |
Prior Year Total Funds 2020 £ (78,281) - |
|---|---|---|---|---|
| (78,281) | - | (78,281) | (78,281) | |
| 2021 £ 1,093,768 33,898 |
2020 £ 1,049,357 44,411 |
|||
| 1,127,666 | 1,093,768 |
19 Particulars of how particular funds are represented by assets and liabilities
| At 5 April 2021 Tangible Fixed Assets Investments at valuation:- Fixed asset investments Current Assets Current Liabilities Long Term Liabilities At 6 April 2020 Tangible Fixed Assets Investments at valuation:- Fixed asset investments Current Assets Current Liabilities Long Term Liabilities |
Unrestricted funds £ 909,222 164,394 143,274 (4,218) (162,105) |
Designated funds £ - - - - - |
Restricted funds £ - - - - - |
Total Funds £ 909,222 164,394 143,274 (4,218) (162,105) |
|---|---|---|---|---|
| 1,050,567 | - | - | 1,050,567 | |
| Unrestricted funds £ 910,294 157,991 60,653 (4,000) (108,269) |
Designated funds £ - - - - - |
Restricted funds £ - - - - - |
Total Funds £ 910,294 157,991 60,653 (4,000) (108,269) |
|
| 1,016,669 | - | - | 1,016,669 |
20 Change in total funds over the year as shown in Note 19 , analysed by individual funds
| Unrestricted and designated funds:- Unrestricted Revenue Funds Unrestricted Revaluation Reserve Total unrestricted and designated funds Total charity funds |
£ 1,094,950 (78,281) Funds brought forward from 2020 |
See Note 21 £ 33,898 - Movement in funds in 2021 |
See Note 0 £ - - Transfers between funds in 2021 |
£ 1,128,848 (78,281) Funds carried forward to 2022 |
|---|---|---|---|---|
| 1,016,669 | 33,898 | - | 1,050,567 | |
| 1,016,669 | 33,898 | - | 1,050,567 |
21 Analysis of movements in funds over the year as shown in Note 20
Other Income Expenditure Gains & Movement
20
Chasdei Yoel Charitable Trust
Notes to the Accounts for the year ended 5 April 2021
| Unrestricted and designated funds:- Unrestricted Revenue Funds Unrestricted Revaluation Reserve |
2021 £ 228,737 - |
2021 £ (185,260) - |
Losses 2021 £ (9,579) - |
in funds 2021 £ 33,898 - |
|---|---|---|---|---|
| 228,737 | (185,260) | (9,579) | 33,898 |
Gains and losses are detailed in notes 6 and 7.
22 The purposes for which the funds as detailed in note 20 are held by the charity are:-
Unrestricted and designated funds:-
These funds are held for the meeting the objectives of the charity, and to Unrestricted Revenue Funds provide reserves for future activities, and , subject to charity legislation, are free from all restrictions on their use. Restricted funds:- The purpose of these funds is described under the accounting policy Restricted Fixed Asset Funds 'Accounting for capital grants and fixed asset funds'. This fund represents the restricted surplus arising on the revaluation of the Restricted Revaluation Reserve charity's assets.
23 Ultimate controlling party
The charity is under the control of its legal members.
Every member of the charity has unlimited joint and several liability for the debts of the charity.
21
Chasdei Yoel Charitable Trust
Detailed analysis of income and expenditure for the year ended 5 April 2021 as required by the SORP 2015
24 Investment income
| Property Rental Income Bank Interest Receivable Total investment income A4 |
Current year Unrestricted Funds 2021 £ 19,780 7 |
Current year Restricted Funds 2021 £ - - |
Current year Total Funds 2021 £ 19,780 7 19,787 |
Prior Year Total Funds 2020 £ 23,949 39 |
|---|---|---|---|---|
| 19,787 | - | 23,988 |
25 Expenditure on charitable activities - Direct spending
| Total direct spending B2a Travel and Subsistence - Charitable Activities Gross wages and salaries - charitable activities |
Current year Unrestricted Funds 2021 £ 18,925 66 |
Current year Restricted Funds 2021 £ - - |
Current year Total Funds 2021 £ 18,925 66 20,211 |
Prior Year Total Funds 2020 £ 40,331 - |
|---|---|---|---|---|
| 20,211 | - | 40,331 |
26 Expenditure on charitable activities- Grant funding of activities
| Current year Unrestricted Funds 2021 £ 100,151 Total grantmaking costs B2c 100,151 Current year Unrestricted Funds 2021 £ Premises Expenses - 45,916 Light & Heat - Property insurance Grants made to individuals Beis Medrash Support costs for charitable activities |
Current year Unrestricted Funds 2021 £ 100,151 |
Current year Current year Prior Year Restricted Funds Total Funds Total Funds 2021 2021 2020 £ £ £ - 100,151 103,337 |
|---|---|---|
| 100,151 | - 100,151 104,822 |
|
| Current year Current year Prior Year Restricted Funds Total Funds Total Funds 2021 2021 2020 £ £ £ - - - - 45,916 17,237 - 1,182 |
27 Support costs for charitable activities
22
Chasdei Yoel Charitable Trust
Detailed analysis of income and expenditure for the year ended 5 April 2021 as required by the SORP 2015
| Administrative overheads - - - 66 - 66 - - - Professional fees paid to advisors other than the auditor or examiner 1,500 - 1,500 1,066 - 1,066 Financial costs - - - - - - - - - 1,072 - 1,072 15,278 - 15,278 Support costs before reallocation 64,898 - 64,898 Total support costs 64,898 - 64,898 Telephone, fax and internet Information and publications Bank interest payable Accountancy fees other than examination or audit fees Sundry expenses Hire Purchase interest Loan interest Depreciation & Amortisation in total for Other legal and professional Bank charges |
Administrative overheads - - - 66 - 66 - - - Professional fees paid to advisors other than the auditor or examiner 1,500 - 1,500 1,066 - 1,066 Financial costs - - - - - - - - - 1,072 - 1,072 15,278 - 15,278 Support costs before reallocation 64,898 - 64,898 Total support costs 64,898 - 64,898 Telephone, fax and internet Information and publications Bank interest payable Accountancy fees other than examination or audit fees Sundry expenses Hire Purchase interest Loan interest Depreciation & Amortisation in total for Other legal and professional Bank charges |
Administrative overheads - - - 66 - 66 - - - Professional fees paid to advisors other than the auditor or examiner 1,500 - 1,500 1,066 - 1,066 Financial costs - - - - - - - - - 1,072 - 1,072 15,278 - 15,278 Support costs before reallocation 64,898 - 64,898 Total support costs 64,898 - 64,898 Telephone, fax and internet Information and publications Bank interest payable Accountancy fees other than examination or audit fees Sundry expenses Hire Purchase interest Loan interest Depreciation & Amortisation in total for Other legal and professional Bank charges |
Administrative overheads - - - 66 - 66 - - - Professional fees paid to advisors other than the auditor or examiner 1,500 - 1,500 1,066 - 1,066 Financial costs - - - - - - - - - 1,072 - 1,072 15,278 - 15,278 Support costs before reallocation 64,898 - 64,898 Total support costs 64,898 - 64,898 Telephone, fax and internet Information and publications Bank interest payable Accountancy fees other than examination or audit fees Sundry expenses Hire Purchase interest Loan interest Depreciation & Amortisation in total for Other legal and professional Bank charges |
215 11,615 75 1,500 - 44 - - 1,225 13,597 |
|---|---|---|---|---|
| 64,898 | - | 64,898 64,898 |
47,872 | |
| 64,898 | - | 47,872 |
The basis of allocation of costs between activities is described under accounting policies
28 Total Charitable expenditure
| Total Charitable expenditure | ||
|---|---|---|
| Total direct spending B2a Total grantmaking costs B2c Total support costs B2d Total charitable expenditure B2 |
Current year Unrestricted Funds 2021 £ 20,211 100,151 64,898 |
Current year Current year Prior Year Restricted Funds Total Funds Total Funds 2021 2021 2020 £ £ £ - 20,211 40,331 - 100,151 104,822 - 64,898 47,872 |
| 185,260 | - 185,260 193,025 |
23
Chasdei Yoel Charitable Trust
Activity analysis of Income and expenditure for the for the year ended 5 April 2021
This analysis is classsified by activity and not by conventional nominal descriptions.
| 29 Analysis of income by activity SOFA ref Summary of Total Income, including the items above Donations & Legacies A1 Investment income A4 Total income as shown in the SOFA A Categories of income Income from exchange transactions 30 Analysis of charitable expenditure by activity Direct costs Support costs 2021 2021 £ £ 20,211 B3. Premises Expenses 45,916 B4. Administrative overheads 66 1,500 1,066 B6. Financial costs 16,350 1,500 83,609 Activity B5. Professional Fees Activity Summary of charitable costs by activity A1. Expenditure on charitable activities directly attributable to activities Total charitable expenditure |
Grant funding of activities 2021 £ - |
2021 £ 208,950 19,787 228,737 228,737 Total 2021 £ 20,211 45,916 66 2,566 16,350 85,109 |
2020 - 184,126 23,988 |
|---|---|---|---|
| 208,114 | |||
| 208,114 Total 2020 £ 17,506 8,091 6,894 2,591 9,582 |
|||
| 44,664 |
The basis of allocation of costs between activities is described under accounting policies
The breakdown of this expenditure by type of spending (ie nominal classification) is detailed in note 28
24