The Cheruby Trust
THE CHERUBY TRUST
STATEMENT OF ACCOUNTS
FOR THE YEAR ENDED 5 APRIL 2023
Charity number 327069
The Cheruby Trust
CONTENTS
| Page | |
|---|---|
| Reference and administrative information | 1 |
| Report of the Trustees | 2-3 |
| Independent Examiner’s Report | 4 |
| Receipts and payments account | 5 |
| Statement of assets and liabilities | 6 |
| Notes to the accounts | 7-9 |
The Cheruby Trust
Reference and administrative information For the year ended 5 April 2023
1. Constitution
The Charity is constituted as a Charitable Trust by a Deed dated 15 January 1986.
2. Registered Number
327069
3. Trustees
A L Corob L E Corob T A Corob C J Cook S A Wechsler
- Principal Office
62 Grosvenor street London W1K 3JF
- Solicitors
Boodle Hatfield 89 New Bond Street London W1S 1DA
- Accountants
Azets 2[nd] Floor Regis House 45 King William Street London EC4R 9AN
- Independent Examiner
David Green MA (Cantab) ACA Azets 2[nd] Floor Regis House 45 King William Street London EC4R 9AN
8. Bankers
National Westminster Bank plc 94 Moorgate London EC2M 6XT
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The Cheruby Trust
Report of the Trustees For the year ended 5 April 2023
The Cheruby Trust has income of £170,206 (2022: £75,002) for the year and is eligible for independent examination.
Structure, Governance and Management
Foundation and administration 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.
Appointment of Trustees
The power of appointing new Trustees is vested in the original Settlors of the Trust during their joint lives and thereafter in the surviving or continuing Trustees.
Objectives and principle activities of the Charity
The objects of the Charity are:
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the relief of poverty anywhere in the world
-
the advancement of public education anywhere in the world
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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 future activities.
Achievements and performance
During the year, the Charity paid out donations amounting to £100,000 (2022: £79,750). The net surplus for the year of £68,212 (2022: deficit of £6,746) was added to the cash balance brought forward of £1,662 giving a cash balance carried forward of £69,874 which is available for future use. The charitable donations that have been made this year are in line with the objectives of the charity as stated above.
Financial 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 plans of the Charity
The Trustees plan to continue to make charitable donations to other Charities operating in the fields mentioned above.
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The Cheruby Trust Report of the Trustees (continued) For the year ended 5 April 2023 Reserves policy The Trustees, policy is to hold a level of reserves sufficient for the Charity to meet any long term commitments and obligations. Golng concern The Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing financial statements. Trustees, responsibilities statement The Trustees are responsible for preparing the Trustees, Annual Report and the financial statements in accordance with applicable law and regulations. The Charities Act 2011 requires the Trustees to prepare financial statements for each financial year. The Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Charity and of the incoming resources and application of resources. including the income and expeniliture of the Charity for that period. In preparing these fin3ncial statements. the Trijstees are required to.. select suitable accounting policies and then apply them consistently- observe the methods and principles in the Charities SORP,. make judgements and accounting estimates that are reasonsable and prudent,. state whether applicable UK Accounting Standard5 have been followed, subject to any material departures disclosed and explained in the financial statements prepare the financial statements on the goinE concern basis unless it is inappropriate to presume that the Charity will continue in operation The Trustees are responsible for keeping adequate accoLtnting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011 and the provisions of the trust deed. 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. On behalf of the Trustees S A Wechsler Trustee Date..
The Cheruby Trust
Independent Examiner’s Report For the year ended 5 April 2023
Independent examiner’s report to the trustees of The Cheruby Trust (Charity No 327069)
I report to the trustees on my examination of the accounts of The Cheruby Trust (the Trust) for the year ended 5 April 2023.
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 2011 Act and in carrying out my examination I have followed all the 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 which gives me cause to believe that in any material respect:
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accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
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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 (Cantab) ACA Azets 2[nd] Floor Regis House 45 King William Street London EC4R 9AN
Date: 24.04.2023
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The Cheruby Trust
Receipts and Payments Account For the year ended 5 April 2023
| Note 2023 Unrestricted Funds 2022 Unrestricted Funds |
Note 2023 Unrestricted Funds 2022 Unrestricted Funds |
Note 2023 Unrestricted Funds 2022 Unrestricted Funds |
|---|---|---|
| Receipts Donations and gift aid receipts Bank and other interest Total Receipts Less: Payments Charitable donations 4 Bank charges and interest Governance costs: Accountancy and independent examiner’s fees Total Payments Net receipts/(payments) for the year Bank balances at 6 April 2022 Bank balances at 5 April 2023 |
£ 169,703 503 170,206 100,000 14 1,980 101,994 68,212 1,662 69,874 |
£ 75,000 2 75,002 79,750 18 1,980 81,748 (6,746) 8,408 1,662 |
All activities relate to continuing operations.
The notes on pages 7 to 9 form part of these accounts.
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The Cheruby Trust Statement of Assets and Liabilities at 5 April 2023 2023 2022 Cash funds Cash at bank 69.874 1,662 Funds Unrestricted funds 69.874 1.662 These accounts were approved by the Trustees on Lt.x8 S A Wechsler Trustee The notes on pages 7 to 9 form part of these accounts.
The Cheruby Trust
Notes to the accounts For the year ended 5 April 2023
1. Accounting Policies
Basis of accounting
The financial statements have been prepared on a receipts and payments basis.
The financial statements have been prepared in accordance with applicable United Kingdom accounting standards, insofar as they are applicable to financial statements prepared on a receipts and payments basis.
Funds
Unrestricted funds are donations and other incoming resources received or generated for payment on the general objectives of the Charity.
Income
Income is recognised on a receipts basis.
Expenditure
Expenditure is recognised on a payments basis.
The financial statements are presented in sterling (£).
2. Payments to Trustees and connected persons
No Trustees, who are the key management personnel, or a person with a family or business connection with them received any remuneration (2022: £Nil)
No Trustee received any expenses (2022: £Nil).
There were no employees of the Charity during the year (2022: £Nil).
3. Related party transactions
During the year donations were received from A L Corob £48,000 (2022: £25,000), L E Corob £25,000 (2022: £25,000) and T A Corob £25,000 (2022: £25,000) Trustees of the Charity.
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The Cheruby Trust
Notes to the accounts (continued) For the year ended 5 April 2023
- Charitable donations paid
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Rainforest Concern | 500 | 500 |
| Arts 4 Dementia | 4,000 | 3,750 |
| British Humanitarian Aid | 2,500 | 2,000 |
| Street Child | 3,500 | 7,000 |
| World Jewish Relief | 5,000 | 5,000 |
| Care International | 5,000 | 5,000 |
| AMEN – Land Where Women Heal | 3,000 | - |
| Mobile Education Partnerships | 2,000 | 4,000 |
| Action on Poverty | 3,000 | - |
| Camfed | 2,500 | 2,500 |
| Maytree | 2,000 | 2,000 |
| National Autistic Society | 2,000 | 2,000 |
| The Stuart Low Trust | 1,500 | 1,000 |
| Childhope | 2,000 | 2,000 |
| Dental Wellness Trust | 2,000 | 2,000 |
| Young Minds | 2,000 | 2,000 |
| Refuge | 3,000 | 3,000 |
| Amnesty International | 3,000 | 6,000 |
| Whitechapel Mission | 3,000 | 3,000 |
| MQ: Transforming Mental Health | 2,000 | 2,000 |
| Beat | 1,500 | 1,500 |
| Coeliac UK | 1,500 | 1,500 |
| Family Action | 3,500 | - |
| Food Bank Aid | 1,000 | - |
| Fareshare | 2,000 | 3,000 |
| Jami | 3,500 | 3,000 |
| Greenpeace Environmental Trust | 2,500 | 5,000 |
| Maggie’s Wallace | 3,000 | - |
| Freedom from Torture | 2,500 | - |
| Able Child Africa | 1,500 | - |
| Marie Curie | 2,000 | - |
| Refugee Action | 2,500 | - |
| Reprieve | 2,000 | - |
| Safe Passage | 1,500 | - |
| Sight 4 Bwindi | 1,000 | - |
| Young Roots | 1,500 | - |
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The Cheruby Trust
Notes to the accounts (continued) For the year ended 5 April 2023
4. Charitable donations paid (continued)
| Sightsavers Indian Rural Health Trust Concern Worldwide Anne Frank Trust UK Friends of the Earth Intermediaries for Justice 5. Governance Costs Accounting and independent examiner’s fees |
2023 £ 3,000 3,000 2,500 1,000 2,500 1,500 100,000 2023 £ 1,980 |
2022 £ 3,000 3,000 5,000 - - - 79,750 2022 £ 1,980 |
|---|---|---|
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