AVIR CHARITABLE TRUST
(Registered Charity Number 326636)
Financial Statements
for the year ended 5[th] April 2021
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AVIR CHARITABLE TRUST
(Registered Charity Number 326636)
| Financial Statements | |
|---|---|
| for the year ended 5th April | 2021 |
| CONTENTS |
PAGE |
| Trustees Annual Report | 3 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 |
| Notes to the Financial Statements |
8-9 |
| Independent Examiners Report | 10 |
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AVIR CHARITABLE TRUST
(Registered Charity Number 326636)
Trustees’ Report for the year ended 5[th] April 2021
The trustees present their report and financial statements for the year ended 5[th] April 2021.
The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity’s governing document (being the charitable trust deed – dated 18 May 1984), the Charities Act 2011 and the Statement of Recommended Practice, “Accounting and Reporting by Charities”, issued in March 2005.
Reference and Administrative Information
Trustees Mrs Riva Brandeis Joshua Halpern Aron Brandeis Secretary Mrs Riva Brandeis Charity Number 326636 Charity Offices 13 Waterpark Road, Salford, Manchester M7 4EU Independent Examiners B Olsberg & Co Chartered Accountants, Enterprise House 3 Middleton Road Manchester M8 5DT Bankers The Royal Bank of Scotland Plc Manchester Cheetham Hill Branch 18 Bury Old Road, Manchester M8 7JN
Structure, Governance and Management Governing Body Trustees
The structure of the charity consists of three trustees.
The Board of Trustees is authorised to appoint new trustees to fill vacancies arising through resignation or death of an existing trustee.
Trustee Induction and Training
Most trustees on appointment are already familiar with the practical work of the charity. Newly appointed trustee receive necessary tuition from existing trustees and are given access to Charity Commission publications.
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Investment Powers
The trustees are authorised to make and hold investments using general funds of the charity.
Public Benefit
The trustees confirm that they have referred to the guidance contained in the charity commission’s general guidance on public benefit and in particular to its supplementary public benefit guidance on advancing education when reviewing the charity’s aims and objectives and in planning future activities.
Constitution, objects and policies
The Charitable Trust is constituted by trust deed and its objects are to promote and support any charitable activity.
Its policies are to further the observance of orthodox Judaism, to encourage and support the advancement of Orthodox Jewish Religious Education, to establish all institutions required by an orthodox Jewish community and any other charitable activity.
Development, activities and achievement
The trustees consider that the performance of the charity during this year has been satisfactory.
Funds available are sufficient to permit the Trust to continue in operation in the medium term.
The trust does not employ any voluntary staff.
Reserves
The trustees’ policy is to distribute most of its income but leaving a cash balance at their discretion to fund unexpected demands and appeals.
Financial Review
The trusts total income was £144,788. After £35,320 was distributed to charities and administrative expenditure £720 there was a surplus for the year of £108,748. Funds are available to allow the trust to continue in operation.
Future Developments
There are no further projects contemplated at present.
Risks
The trustees do not feel that the charity is exposed to any major risks.
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Statement of Trustees’ responsibility
The trustees are required under the Charities Act 2011 to prepare financial statements for each financial year, which give a true and fair view of the charity’s financial activities during the year and of its financial position at the end of the year. In preparing financial statements giving a true and fair view, the trustees should follow best practice and: (a) select suitable accounting policies and apply them consistently;
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(b) make judgements and estimates that are reasonable and prudent;
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(c) state whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures
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disclosed and explained in the financial statements; (d) prepare financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping accounting records which disclose with reasonable accuracy the financial position of the charity and which enable them to ascertain the financial position of the charity and which enable that the financial statements comply with applicable law and regulations. 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.
Approval
The report was approved by the trustees and signed on their behalf on 3 February 2022.
R Brandeis
Trustee
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AVIR CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5TH APRIL 2021
| INCOME AND EXPENDITURE INCOME Gift Aid & Donations Rent Dividends Bank Interest RESOURCES EXPENDED Direct Charitable Expenditure MANAGEMENT AND ADMINISTRATION Bank Charge Accountancy TOTAL RESOURCES EXPENDED NET INCOME Fund balance at 5 April 2020 Fund balance at 5 April 2021 |
Note 2021 Unrestricted Funds 124,164 2 20,593 - 31 144,788 3 35,320 - 720 720 36,040 108,748 521,449 630,197 |
2020 104,360 3,431 160 553 |
|
|---|---|---|---|
| 108,504 | |||
| 13,570 | |||
| 42 720 |
|||
| 762 | |||
| 14,332 | |||
| 94,172 427,277 521,449 |
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AVIR CHARITABLE TRUST BALANCE SHEET AS AT 5TH APRIL 2021
| NOTE FIXED ASSETS PROPERTY 4 Share Holdings Purton Limited British Telecom Rolls Royce CURRENT ASSETS Gift Aid Repayment Claim Loans Cash at Bank Other Debtors CREDITORS: Amount falling due within 1 year 5 FINANCED BY: Amount Settled Income Account Unrestricted Funds |
2021 £ 527,368 100 1,760 128 1,988 71,250 10,000 20,456 695 102,401 1,460 100,941 630,297 100 630,197 630,297 |
2020 £ 265,573 100 1,760 128 1,988 57,500 10,000 187,868 - 255,368 1,380 253,988 521,549 100 521,449 521,549 |
2020 £ 265,573 100 1,760 128 1,988 57,500 10,000 187,868 - 255,368 1,380 253,988 521,549 100 521,449 521,549 |
|---|---|---|---|
| 521,549 | |||
| 100 521,449 521,549 |
Approved by the Board of Trustees on 3 February 2022 and signed on its behalf by
………………………………….. Trustee
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AVIR CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2021
1. Accounting Policies
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a. Basics of accounting
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The financial statements have been prepared under the historical cost convention in accordance with applicable accounting standards and follow the recommendations in Statement of Recommended Practice; Accounting and Reporting by Charities (SORP) March 2005.
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b. Voluntary Income
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Voluntary income is received by way of donations and gifts and is included gross in the Statement of Financial Activities. All incoming resources are indicated in the SOFA when the charity is legally entitled to the income.
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C. Management and administration costs of the charity relate to the central costs of management including the costs of meetings, independent examination of the financial statements and statutory compliance.
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d. Resources Expanded
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Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered and is reported as part of the expenditure to which it relates.
| 2. RENTS Less: Repairs & service charge Management Council Tax Insurance 3. Direct Charitable Expenditure Donations to Charities 4. Property Brought forward Property bought in the year Cost at 5 April 2020 |
2021 £ 23,768 1,932 785 149 309 3,175 20,593 35,320 265,573 261,795 527,368 |
2020 £ 13,128 5,780 2,945 403 569 9,697 3,431 13,570 179,683 85,890 265,573 |
2020 £ 13,128 5,780 2,945 403 569 9,697 3,431 13,570 179,683 85,890 265,573 |
|---|---|---|---|
| 3,431 | |||
| 13,570 | |||
| 179,683 85,890 265,573 |
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AVIR CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2021 Cont……
5. Creditors: Amounts falling
| Amounts falling | ||
|---|---|---|
| due within one year Creditors and Accruals |
2021 £ 1,460 |
2020 £ 1,380 |
6. Staff Costs
No remuneration was paid to trustees in the year, nor were any trustees expenses reimbursed to them.
The trust does not employ any staff or volunteers. Administration of the trust is dealt with by the trustees.
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AVIR CHARITABLE TRUST
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES
I report to the trustees of Avir Charitable Trust on the accounts for year ended 5 April 2021 set out on pages 6-9.
RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER
The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is my responsibility to:
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Examine the accounts under section 145 of the 2011 Act;
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To follow the procedures laid down in the general Directions given by the Charity Commission under section 145 (5)(b) of the 2011 Act; and
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To state whether particular matters have come to my attention.
BASIS OF INDEPENDENT EXAMINER'S REPORT
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and the seeking of explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a “true and fair view” and the report is limited to those matters set out in the statement below.
INDEPENDENT EXAMINER'S STATEMENT
In the course of my examination, no matter has come to my attention.
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which gives me reasonable cause to believe that in any material respect the requirement:
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to keep accounting records in accordance with Section 130 of the 2011 Act and
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to prepare accounts which accord with the accounting records and comply with the requirements of the 2011 Act.
have not been met, or
- to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
B Olsberg FCA Enterprise House 3 Middleton Road Manchester M8 5DT
3 February 2022
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