REGISTERED CHARITY NUMBER: 328528
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 March 2021
for
The Golders Charitable Trust
Martin+Heller 5 North End Road London NW11 7RJ
The Golders Charitable Trust
Contents of the Financial Statements for the Year Ended 31 March 2021
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | ||
| Independent Examiner's Report | 2 | ||
| Statement of Financial Activities | 3 | ||
| Balance Sheet | 4 | ||
| Notes to the Financial Statements | 5 | to | 8 |
| Detailed Statement of Financial Activities | 9 |
The Golders Charitable Trust
Report of the Trustees for the Year Ended 31 March 2021
The trustees present their report with the financial statements of the charity for the year ended 31 March 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number
328528
Principal address 2 Beverley Gardens London NW11 9DG
Trustees
G Hager C Pinter
Independent Examiner
Martin+Heller 5 North End Road London NW11 7RJ
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
........................................................................
G Hager - Trustee
Page 1
Independent Examiner's Report to the Trustees of The Golders Charitable Trust
Independent examiner's report to the trustees of The Golders Charitable Trust
I report to the charity trustees on my examination of the accounts of The Golders Charitable Trust (the Trust) for the year ended 31 March 2021.
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 Act and in carrying out my examination I have followed all 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 giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
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.
Mr A Heller Martin+Heller 5 North End Road London NW11 7RJ
Date: .............................................
Page 2
The Golders Charitable Trust
Statement of Financial Activities for the Year Ended 31 March 2021
| 31.3.21 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 42,359 Investment income 2 28 Total 42,387 EXPENDITURE ON Charitable activities Grants made 27,967 NET INCOME/(EXPENDITURE) 14,420 RECONCILIATION OF FUNDS Total funds brought forward 89,387 TOTAL FUNDS CARRIED FORWARD 103,807 |
31.3.20 Total funds £ 45,811 106 45,917 48,797 (2,880) 92,267 89,387 |
|---|---|
The notes form part of these financial statements
Page 3
The Golders Charitable Trust
Balance Sheet 31 March 2021
| 31.3.21 Unrestricted fund Notes £ CURRENT ASSETS Debtors 5 149,141 Cash at bank 103,532 252,673 CREDITORS Amounts falling due within one year 6 (148,866) NET CURRENT ASSETS 103,807 TOTAL ASSETS LESS CURRENT LIABILITIES 103,807 NET ASSETS/(LIABILITIES) 103,807 FUNDS 7 Unrestricted funds 103,807 TOTAL FUNDS 103,807 |
31.3.20 Total funds £ 146,141 85,312 231,453 (142,066) 89,387 89,387 89,387 89,387 89,387 |
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. G Hager - Trustee
The notes form part of these financial statements
Page 4
The Golders Charitable Trust
Notes to the Financial Statements for the Year Ended 31 March 2021
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. INVESTMENT INCOME
| INVESTMENT INCOME | ||
|---|---|---|
| 31.3.21 | 31.3.20 | |
| £ | £ | |
| Deposit account interest | 28 | 106 |
Page 5
continued...
The Golders Charitable Trust
Notes to the Financial Statements - continued for the Year Ended 31 March 2021
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2021 nor for the year ended 31 March 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2021 nor for the year ended 31 March 2020.
4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | |||
|---|---|---|---|
| fund | |||
| £ | |||
| INCOME AND ENDOWMENTS FROM | |||
| Donations and legacies | 45,811 | ||
| Investment income | 106 | ||
| Total | 45,917 | ||
| EXPENDITURE ON | |||
| Charitable activities | |||
| Grants made | 48,797 | ||
| NET INCOME/(EXPENDITURE) | (2,880) | ||
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | 92,267 | ||
| TOTAL FUNDS CARRIED FORWARD | 89,387 | ||
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
| 31.3.21 | 31.3.20 | ||
| £ | £ | ||
| Other debtors | 149,141 | 146,141 |
Page 6
continued...
The Golders Charitable Trust
Notes to the Financial Statements - continued for the Year Ended 31 March 2021
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Other creditors 7. MOVEMENT IN FUNDS At 1/4/20 £ Unrestricted funds General fund 89,387 TOTAL FUNDS 89,387 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 42,387 TOTAL FUNDS 42,387 Comparatives for movement in funds At 1/4/19 £ Unrestricted funds General fund 92,267 TOTAL FUNDS 92,267 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 45,917 TOTAL FUNDS 45,917 |
31.3.21 31.3.20 £ £ 148,866 142,066 Net movement At in funds 31/3/21 £ £ 14,420 103,807 14,420 103,807 Resources Movement expended in funds £ £ (27,967) 14,420 (27,967) 14,420 Net movement At in funds 31/3/20 £ £ (2,880) 89,387 (2,880) 89,387 Resources Movement expended in funds £ £ (48,797) (2,880) (48,797) (2,880) |
|---|---|
continued...
Page 7
The Golders Charitable Trust
Notes to the Financial Statements - continued for the Year Ended 31 March 2021
7. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1/4/19 | in funds | 31/3/21 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 92,267 | 11,540 | 103,807 |
| TOTAL FUNDS | 92,267 | 11,540 | 103,807 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 88,304 | (76,764) | 11,540 |
| TOTAL FUNDS | 88,304 | (76,764) | 11,540 |
8. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2021.
Page 8
The Golders Charitable Trust
Detailed Statement of Financial Activities for the Year Ended 31 March 2021
| 31.3.21 | 31.3.20 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 42,359 | 45,811 |
| Investment income | ||
| Deposit account interest | 28 | 106 |
| Total incoming resources | 42,387 | 45,917 |
| EXPENDITURE | ||
| Charitable activities | ||
| Grants paid | 27,967 | 48,797 |
| Total resources expended | 27,967 | 48,797 |
| Net income/(expenditure) | 14,420 | (2,880) |
This page does not form part of the statutory financial statements
Page 9