Friends of Beth Abraham (Slonim) Ltd
Report and Financial Statements For The Year Ended 31 March 2023 Charity Number 287351
Friends of Beth Abraham (Slonim) Ltd
| Contents | |
|---|---|
| Page | |
| Legal and Administrative Information | 1 |
| Report of The Trustees | 2 and 3 |
| Statement Of Financial Activities | 4 |
| Balance Sheet | 5 |
| Notes forming part of the financial statements | 6 and 7 |
| Accountant's Report | 8 |
Friends of Beth Abraham (Slonim) Ltd
Trustees
Mr. Chaim Hochhauser Mr. Samuel Wahrhaftig
Administration Address
1 Northdene Gardens South Tottenham London N15 6LX Charity Number 801072 Company Number 02311243 Date of Incorporation 1 November 1988
Page 1
Friends of Beth Abraham (Slonim) Ltd
Report of the Trustees
The Trustees present their annual report with accounts of the Charity for the Year Ended 31 March 2023.
Status and Administration
The Charity, constituted by trust deed, dated 1st November 1988, and is a Registered Charity.
Charitable Objects
The Objects of the Charity are (i)the advancement of the orthodox Jewish faith
(ii) the advancement of orthodox Jewish religious education
(iii) the relief of poverty amongst members of the Jewish faith and
(iv) such other purposes as are charitable according to English law
Trustees
The Trustees in office throughout the year were Mr. Chaim Hochhauser Mr. Samuel Wahrhaftig
Reserves Policy
The trustees retain reserves as necessary and where appropriate, consolidate funds in order to make more substantial grants which they feel to be appropriate.
Page 2
Friends of Beth Abraham (Slonim) Ltd
Report of the Trustees
Responsibilities of the Trustees
Charity Law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the Balance Sheet Date, and of its incoming resources, including income and expenditure for the financial year.
In preparing those financial statements, the Trustees should follow best practice and
a. Select suitable accounting policies and the apply them consistently.
b. Make judgements and estimates that are reasonable and prudent.
c. Follow applicable accounting standards and the Charities SORP 2008, disclosing and explaining any departures in the financial statements.
d. Prepare the financial statements on the going concern basis unless it is inappropriate to assume that the charity will continue in operation.
The Trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them as Trustees to ensure that the financial statements comply with the Charity Law.
The Trustees are also responsible for safeguarding the charity's assets and hence for taking reasonable steps for the prevention and detection of fraud and other regularities.
Board Of Trustees
The members of the Board Of Trustees are set out on Page 1.
Political and Charitable Donations
During the year, the Charity made grants and donations of £113,677 (2022 £85,205)
Approved by The Trustees of Friends of Beth Abraham (Slonim) Ltd on 4 December 2023, and signed on behalf of them all.
Trustee Mr. Samuel Wahrhaftig
Trustee Mr. Chaim Hochhauser
Page 3
Friends of Beth Abraham (Slonim) Ltd
Statement Of Financial Activities
For The Year Ended 31 March 2023
| Notes | Unrestricted | 2023 | 2022 | |
|---|---|---|---|---|
| Funds | Total Funds | Total Funds | ||
| £ | £ | £ | ||
| INCOMING RESOURCES | ||||
| Activities to further the Charity's | ||||
| Objects | 2 | 113,482 | 113,482 | 85,519 |
| Investment Income and Interest | 0 | 0 | 0 | |
| 113,482 | 113,482 | 85,519 | ||
| Donations | 0 | 0 | 0 | |
| Total Incoming Resources | 113,482 | 113,482 | 85,519 | |
| RESOURCES EXPENDED | ||||
| Costs of Generating Funds | ||||
| Fund Raising Costs | 0 | 0 | 0 | |
| Net Incoming Resources Available | ||||
| For Charitable Application | 113,482 | 113,482 | 85,519 | |
| Charitable Expenditure | ||||
| Cost of Activities In Furtherance | 113,677 | 113,677 | 85,205 | |
| of the Charity's Objects | ||||
| Support Costs | ||||
| Interest on Charity's Property | 3 | 0 | 0 | 0 |
| Governance Costs | 3 | 15 | 15 | 395 |
| Total Charitable Expenditure | 113,692 | 113,692 | 85,600 | |
| Total Resources Expended | 3 | 113,692 | 113,692 | 85,600 |
| Net Movement In Funds | (210) | (210) | (81) | |
| Total Funds 31 March 2022 |
3,616 | 3,616 | 3,697 | |
| Transfer To / (From) Reserves | 0 | 0 | 0 | |
| Total Funds 31 March 2023 |
7 | £ 3,406 | £ 3,406 | £ 3,616 |
Page 4
Friends of Beth Abraham (Slonim) Ltd
Balance Sheet at 31 March 2023
| Notes | 2023 | 2023 | 2022 | |
|---|---|---|---|---|
| £ | £ | |||
| Current Assets | ||||
| Cash at Bank and in Hand | 3,421 | 3,616 | ||
| 3,421 | 3,616 | |||
| Creditors :Amounts falling due |
||||
| within one year | 5 | (15) | 0 | |
| Net Current Assets | 3,406 | 3,616 | ||
| Total Assets less Current Liabilities | 3,406 | 3,616 | ||
| Net Assets | 6 | £ | 3,406 | £ 3,616 |
| Unrestricted Funds | 7 | 3,406 | 3,616 | |
| Total Funds | 7 | £ | 3,406 | £ 3,616 |
Approved by the Trustees on 4 December 2023, and signed on behalf of them all.
Trustee
Trustee Mr. Chaim Hochhauser
Mr. Samuel Wahrhaftig The notes on pages 6 to 8 form part of these accounts.
Page 5
Friends of Beth Abraham (Slonim) Ltd Notes To The Accounts - 31 March 2023
1) Principal Accounting Policies Basis of Accounting
The Accounts have been prepared under the historical cost convention in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006, Charities Act (Accounts and Reports) 2011, and the Financial Reporting Standard for Smaller Entities 102, and follow the recommendations in Accounting and Reporting By Charities: Statement of Recommended Practice (effective from April 2015).
Cash Flow
The accounts do not include a cash flow statement because the charity as a small reporting entity is exempt from the requirement to prepare such a statement.
Donations and Fund Accounting
Donations received for the general and main purposes of the Charity is included as unrestricted funds in the Statement of Financial Activities when receivable.
Donations and Grants for activities restricted by the donors are taken to restricted funds if the wishes and conditions of the donor are legally binding on the Trustees.
Resources Expended
Resources expended are accounted for on an accruals basis. Certain expenditure is apportioned to cost categories based on estimated amount attributable to that activity in the year. These estimates are based on the time and level of activity as appropriate.
Governance Costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.
The irrecoverable element of VAT is included with the item of expense to which it relates.
| 2) Donations Received 3) Analysis of Total Resources Expended Charitable Activities Cost of Activities In Furtherance of the Charity's Objects Grants to the Needy Total Cost of Furtherance Of Charitable Objects Governance Costs Cost of Generating Funds Total Cost of Activities In Furtherance of Charitable Objects 4) Governance Costs Accounting Legal |
£ | 2023 2022 £ £ 113,482 85,519 113,482 £ 85,519 2023 2022 £ £ 113,677 85,205 113,677 85,205 15 395 113,692 85,600 0 0 113,692 £ 85,600 0 380 15 15 £ 15 £ 395 |
2023 2022 £ £ 113,482 85,519 113,482 £ 85,519 2023 2022 £ £ 113,677 85,205 113,677 85,205 15 395 113,692 85,600 0 0 113,692 £ 85,600 0 380 15 15 £ 15 £ 395 |
|---|---|---|---|
| £ | |||
| 85,205 | |||
| 395 85,600 0 85,600 |
|||
| 380 15 £ 395 |
Page 6
Friends of Beth Abraham (Slonim) Ltd
5) Creditors: Amounts falling due within one year
| 2023 | 2022 | ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| £ | £ | ||||||||||||||
| Other Creditors | 15 | 0 | |||||||||||||
| Accruals and Provisions | 0 | 0 | |||||||||||||
| £ | 15 | £ | 0 | ||||||||||||
| **6) ** | Net Assets of The Charity's Funds | ||||||||||||||
| Net | |||||||||||||||
| Fixed | Current | Long Term | Fund | ||||||||||||
| Assets | Assets | Liabilities | Balances | ||||||||||||
| £ | £ | £ | £ | ||||||||||||
| Restricted Funds | 0 | 0 | 0 | 0 | |||||||||||
| Unrestricted Funds | 0 | 3,406 | 0 | 3,406 | |||||||||||
| Total Funds | £ | 0 | £ 3,406 | £ | 0 | £ | 3,406 | ||||||||
| **7) ** | Unrestricted Funds | Transfers | and | ||||||||||||
| Investment | |||||||||||||||
| Balance at | Gains | Balance at | |||||||||||||
| 31 March 2022 | Income | **Expended ** | and Losses | 31 March 2023 | |||||||||||
| £ | £ | £ | £ | ||||||||||||
| General Reserve | 3,616 | 113,482 | 113,692 | 0 | 3,406 | ||||||||||
| Total Funds | £ | 3,616 | £ 113,482 | £ 113,692 | £ | 0 | £ | 3,406 |
8) Related Party Transactions
No trustee nor any person connected with them received any remuneration, or claimed any expense, during the year, from this or any related Charity.
There were no Related Party Transactions in the Year.
Page 7
Independent Exmainer's Report to the Trustees on the Unaudited Accounts of the Charity Friends of Beth Abraham (Slonim) Ltd
For the Year Ended 31 March 2023
We report on the financial statements of Friends of Beth Abraham (Slonim) Ltd for the Year Ended 31 March 2023 which comprise the Statement of Financial Activities, the Balance Sheet and the related notes. These financial statements have been prepared, under the historical cost convention, and in accordance with the recommendations in Accounting and Reporting By Charities: Statement of Recommended Practice (Issued 2015), and the Financial Reporting Standard for Smaller Entities 102 (effective 2016), and the accounting policies set out therein.
Respective Responsibilities Of Trustees and Independent Exmainer
As described on page 3, the trustees of the charity are responsible for the preparation of the accounts, and they consider that the audit requirement of section 144 of the Charities Act 2011 (the Act) does not apply. It is our responsibility to state, on the basis of procedures specified in the General Directions given by the Charity Commissioners under section 144 of the Act, whether particular matters have come to our attention.
Basis of Opinion
Our work was conducted in accordance with the Statement of Standards for Reporting Accounts and so our procedures consisted of comparing the accounts with the accounting records kept by the company, and making such limited enquiries of the officers of the company as we considered necessary for the purposes of this report. These procedures provide only the assurance expressed in our opinion.
Basis of Independent Examiner's Report
Our examination was carried out in accordance with the General Directions given by the Charity Commissioners.
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 seeking explanations from you as trustees concerning any such matters. These procedures provide only the assurance expressed in our opinion.
The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently we do not express an audit opinion on the view given by the accounts.
Opinion
In our opinion, no matter has come to our attention,
-
1) which gives us reasonable cause to believe that, in any material respect, the requirements a) to keep accounting records in accordance with section 130 of the Act; and
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b) to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act have not been met; or
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2) to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Date 4 December 2023
Independent Exmainer
C Rosen
Page 8