REGISTERED CHARITY NUMBER: 328528
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 March 2024
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 2024
| 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 2024
The trustees present their report with the financial statements of the charity for the year ended 31 March 2024. 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).
OBJECTIVES AND ACTIVITIES Public benefit
The trustees confirm their compliance with the duty to have due regard to the public benefit guidance published by the Charity Commission when reviewing the charity's aims and objectives and in planning future activities.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number
328528
Principal address
2 Beverley Gardens London NW11 9DG
Trustees
G Hager C Pinter D Zucker
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 2024.
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 2024
| 31.3.24 | 31.3.23 | |||
|---|---|---|---|---|
| Unrestricted | ||||
| fund | Total funds | |||
| Notes | £ | £ | ||
| INCOME AND ENDOWMENTS FROM | ||||
| Donations and legacies | 233,096 | 336,918 | ||
| Investment income | 2 | 904 | 197 | |
| Total | 234,000 | 337,115 | ||
| EXPENDITURE ON | ||||
| Charitable activities | ||||
| Grants made | 256,627 | 280,812 | ||
| Other | 155 | 136 | ||
| Total | 256,782 | 280,948 | ||
| NET INCOME/(EXPENDITURE) | (22,782) | 56,167 | ||
| RECONCILIATION OF FUNDS | ||||
| Total funds brought forward | 198,109 | 141,942 | ||
| TOTAL FUNDS CARRIED FORWARD | 175,327 | 198,109 |
The notes form part of these financial statements
Page 3
The Golders Charitable Trust
Balance Sheet 31 March 2024
| 31.3.24 | 31.3.23 | |||
|---|---|---|---|---|
| Unrestricted | ||||
| fund | Total funds | |||
| Notes | £ | £ | ||
| CURRENT ASSETS | ||||
| Cash at bank | 208,235 | 228,109 | ||
| CREDITORS | ||||
| Amounts falling due within one year | 5 | (32,908) | (30,000) | |
| NET CURRENT ASSETS | 175,327 | 198,109 | ||
| TOTAL ASSETS LESS CURRENT | ||||
| LIABILITIES | 175,327 | 198,109 | ||
| NET ASSETS | 175,327 | 198,109 | ||
| FUNDS | 6 | |||
| Unrestricted funds | 175,327 | 198,109 | ||
| TOTAL FUNDS | 175,327 | 198,109 |
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 2024
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 | ||
|---|---|---|
| 31.3.24 | 31.3.23 | |
| £ | £ | |
| Deposit account interest | 904 | 197 |
Page 5
continued...
The Golders Charitable Trust
Notes to the Financial Statements - continued for the Year Ended 31 March 2024
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.
4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | |
|---|---|
| fund | |
| £ | |
| INCOME AND ENDOWMENTS FROM | |
| Donations and legacies | 336,918 |
| Investment income | 197 |
| Total | 337,115 |
| EXPENDITURE ON | |
| Charitable activities | |
| Grants made | 280,812 |
| Other | 136 |
| Total | 280,948 |
| NET INCOME | 56,167 |
| RECONCILIATION OF FUNDS | |
| Total funds brought forward | 141,942 |
| TOTAL FUNDS CARRIED FORWARD | 198,109 |
Page 6
continued...
The Golders Charitable Trust
Notes to the Financial Statements - continued for the Year Ended 31 March 2024
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE | YEAR | ||
|---|---|---|---|---|
| 31.3.24 | 31.3.23 | |||
| £ | £ | |||
| Other creditors | 32,908 | 30,000 | ||
| 6. | MOVEMENT IN FUNDS | |||
| Net | ||||
| movement | ||||
| At 1/4/23 | in funds | At 31/3/24 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 198,109 | (22,782) | 175,327 | |
| TOTAL FUNDS | 198,109 | (22,782) | 175,327 | |
| Net movement in funds, included in the above are as follows: | ||||
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 234,000 | (256,782) | (22,782) | |
| TOTAL FUNDS | 234,000 | (256,782) | (22,782) | |
| Comparatives for movement in funds | ||||
| Net | ||||
| movement | ||||
| At 1/4/22 | in funds | At 31/3/23 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 141,942 | 56,167 | 198,109 | |
| TOTAL FUNDS | 141,942 | 56,167 | 198,109 | |
| Comparative net movement in funds, included in the above are as follows: | ||||
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 337,115 | (280,948) | 56,167 | |
| TOTAL FUNDS | 337,115 | (280,948) | 56,167 |
continued...
Page 7
The Golders Charitable Trust
Notes to the Financial Statements - continued for the Year Ended 31 March 2024
6. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Net | |||
|---|---|---|---|
| movement | |||
| At 1/4/22 | in funds | At 31/3/24 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 141,942 | 33,385 | 175,327 |
| TOTAL FUNDS | 141,942 | 33,385 | 175,327 |
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 | 571,115 | (537,730) | 33,385 |
| TOTAL FUNDS | 571,115 | (537,730) | 33,385 |
7. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2024.
Page 8
The Golders Charitable Trust
Detailed Statement of Financial Activities for the Year Ended 31 March 2024
| INCOME AND ENDOWMENTS Donations and legacies Donations Investment income Deposit account interest Total incoming resources EXPENDITURE Charitable activities Grants paid Other Bank charges Total resources expended Net (expenditure)/income |
31.3.24 £ 233,096 904 234,000 256,627 155 256,782 (22,782) |
31.3.23 £ 336,918 197 |
|---|---|---|
| 337,115 280,812 136 |
||
| 280,948 | ||
| 56,167 |
This page does not form part of the statutory financial statements
Page 9