The Cheruby Trust THE CHERUBY TRUST STATEMENT OF ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2022 Charity number 327069 The Cheruby Trust CONTENTS Page Reference and administrative information Report of the Trustees Independent Ex3miner's Report Receipts and payments account Statement of assets and liabilities Notes to the accounts The Cheruby Trust Reference and administrative information For the year ended 5 April 2022 Constitution The Charity is constitL+ted as a Charitable Trust by a Deed dated 15 January 1986. Registered Number 327069 Trustees A L Corob L E Corob T A Corob Cjcook S A Wechsler Prlncipal Office 62 Grosvenor street London WIK 3JF Solicitor5 Boodle Hatfield 89 New Bond Street London WIS IDA Accountsnts Azets nd 2 Floor Regis House 45 King William Street London EC4R 9AN Indpendent Examiner David Green MA Icantabl ACA Azets Floor Regis House 45 King William Street London EC4R 9AN Bankers National Westminster Bank plc 94 Moorgate London EC2M 6XT The Cheruby Trust Report of the Trustees For the year ended 5 April 2022 The Cheruby Trust has income of £75,00212021: £70,013) for the year and is eligible for independent examination. Structure, Governance and Management Foundatlon and admlnistration of the Charity The Cheruby Trust was founded by Deed on 15 January 1986 by Tricia A Corob. Alison L Corob and Laura E Corob. It was registered with the Charity Commission on 12 May 1986 and is an unincorporated Charity. Appolntment of Trustees The power of appointing new Trustees is vested in the original Settlor5 of the Trust during their joint lives and thereafter in the surviving or continuing Trustees. Objectlves and principle activitles of the Charity The objects of the Charity are: the relief of poverty anywhere in the world the advancement of public education anywhere in the world such other charitable purposes as the Trustees shall select from time to time These objects are met by the making of charitable donations to other Charities operating in these fields. The Trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the Charity's aims and objectives and in planning f uture activities. Achievements and perfomiance During the year, the Charity paid out donations amounting to £79,75012021.. £89,250). The net defitit for the year of £6,74612021.. £21,256) was deducted from the cash balance brought forward of £8,408 givinE a cash balance carried forward of £1,662 which is available for f uture use. The charitable donations that have been made this year are in line with the objectives of the charity as stated above. Finan¢ial review of the Charity The Trustees have made grants for charitable purposes as shown in the Receipts and Payments Account and detailed in note 4 to the accounts. Future plan5 of ihe Charity The Trustees plan to continue to make charitable donations to other Charities operating in the fields mentioned above. The Cheruby Trust Report of the Trustees (continuedl For the year ended 5 April 2022 Reserves policy The Trustees, policy is to hold a level of reserves sufficient for the Charity to meet any long term commitments and obligations. Going concern The Trustees have a reasonable expectation thèt the Charity has adequate resouyces lo continue in operational existence for the foreseeable futLJre. For this reason they continue to adopt the Eoing concern basis in preparing fin3ncial statement5. Trustees, respon5ibiltties statement The Trustee5 are responsible for preparing the Trustees, Annual Report and the financial statements in accordance with applicable law and TegulatlOn5, The Charities Aci 2011 requires the Trusiee5 to prepare financial staiement5 for each linancial year. The Trustee5 mLJSt not approve the financial statements unless they are satisfied that they give a true and fair view of the statè of affairs of the Charity and of thÈ IncominE resources 2nd application ol resources. including the income and expenditure of the Charity for that period. In preparing these financial statements, the Trustees are required to.. select suitable accounting policies and then apply them con$15tently,' observe the methods and principles in the Charities SORP.. make judgemenl5 and accounting e5tim3tes that are rea50￿$able and prudent," State whether applicable UK Accounting Standards have been followed. subject lo any material departures disc105ed and explained in the fin3llcial statement% prepare the financial statements on the going concern basis unless it 15 inappropriate to presume that the Charity will continue in operation The Trustees ore responsible for keeping adequèie accounting record5 that are suff icient to show and eyplain the Charity's transactions and disclose with ieasonable 3ccuracy at any time the financial position of the Charity ènd enable them to ensure that the financial statements comply with the Charities Act 2011 and the provisions of the trust deed, They are also respDnsible for safeguardinE the assets of the Charity and hence for taking reasonable steps for the prevention and detection of frèud and other irre8ul3rities. On behalf of the Trustee5 Truslee 5 A Wechsler Date.. The Cheruby Trust Independent Examiner's Report For the year ended 5 April 2022 Independent examiner's report to the trustees of The Cheruby Trust {Charity No 3270691 I report to the trustees on my examination of the accounts of The Cheruby Trust (the Trust) for the year ended 5 April 2022. Responslbllities and basis of report As the charity trustees of the Trust you afe responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 20111.the Act"). I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying Out my examination I have followed all the applicable Directions given by the Charity Commission under section 14515llbl of the Act. Independent examiner's statement have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in any material respect.. accounting records were not kept in respett of the Trust as required by section 130 of the Act,. or the accounts do not accord with those records. 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. David Green MA Icantabl ACA Azets nd 2 Floor Regis House 45 King William Street London EC4R 9AN Date: 08 April 2022 The Cheruby Trust Receipts and Payments Account For the year ended S April 2022 Note 2022 Unrestricted Funds 2021 Unrestricted Funds Receipts Oonations and gift aid receipts 75,000 70,000 Bank and other inteiest Total Retèlpts 13 70,013 75,002 Less: Paymènts Charitable donations 83nk charges and int&rest Governance cost5.. Accountancy and independent examinerfs fees 79,750 18 89,250 39 1,980 81.748 1.980 91.269 Total Payments Net payments for tht year {6,7461 121.2561 Bank balances at 6 April 2021 Bank balances at S April 2022 8,408 1,662 29,664 8,408 All activities relate to continuing operations. The notes on pages 7 to 9 form part of these accounts. The Cheruby Trust Statement of Assets and Liabilities at 5 April 2022 2022 2021 Cash lunds Cash at bank 1,662 8,408 Funds UftTe5tricted lunds 1,662 8,408 These accounts were approved by the Trustees on S A Wechsler Trustee 8.4.2022 The notes on pa8es 7 to 9 form part of these accounts. The Cheruby Trust Notes to the accounts For the year ended 5 April 2022 Accounting Pollcies Basis of accountlng The financial statements have been prepared on a receipt5 and payments basis. The financial statements have been prepared in accordance with applicable Unlted Kingdom ccounting standards, in501ar as they are applicable to financial statements prepared on a receipts and payrnents basis. Funds Unrestricted funds are donations and other incoming resources received or generated for payment on the general objectives of the Charity. Intome Income is recognised on a receipts basis. Expènditure Expenditure is recognised on a payments basis. The financial statements are presented in Sterling 1£). Payments to Trustees and connetted persons No Trustees, who are the key management personnel, or a person with a family or business connection with them received any remuneTation12021.. £Nill No Trustee received any expense512021.. ENill. There were no èmployees of the Charity during the year12021: £Nill. Related party tran5artions During the year donations were received from A L Corob £25,000 12021-. £20,000>, L E Corob £25,OW12021.. £20.0001 and T A Corob £25.00012021.. £30,CKIOI Trustees of the Charitv. The Cheruby Trust Notes to the accounts (continued) For the year ended 5 April 2022 Charitable donatlons pald 2022 2021 Rainforest Concern Arts 4 Dementia British Humanitarian Aid Street Child World Jewish Relief Care International Childhood First Mobile Education Partnershlps Action on Poverty Camfed Maytree National Aut151ic Society The Stuart Low Trust Childhope Dentsl Wellness Trust Young Minds Refu8e Amnesty International Whitechapel Mission MQ.. Transforming Mental Health Beat Coeliac UK Family Action Kew Foundation Fareshare Jami Greenpeace Environmental Trust MaEEie's Wallace Freedom frorn TortLJre Hou5inÈ the Homeless Central Fund 500 3,750 2.000 7,000 5,000 5,000 SOC> 3.750 2,000 5,000 3,000 4,000 3,000 2.500 2,000 2,000 1,000 2.000 2,000 2,000 3,000 2,500 2.000 2,000 1,000 2,000 2.000 2.000 3,000 6,000 3,000 2.000 1.500 1,500 3.000 2.000 1,500 1,500 3,500 1,000 3.000 3.000 3.000 5,000 3,000 2.500 3.000 The Cheruby Trust Notes to the accounts (continued) For the year ended 5 April 2022 Charitable donatlons pald {continuedl 2022 2021 Sightsavers Indian Rural Health Trust Brit15h Friend5 of the Feuerstein Centre International Rescue Committee UK Concern Worldwide National Emer8encies Trust Jewish Care Community Fo¢us 3,000 3,000 3,000 3,000 5,000 5,000 5,000 5,000 5,000 5,000 89 Governance Costs 2022 2021 Accounting and independent examiner's fees