**REGISTERED CHARITY NUMBER: 802882**
## **BEFORE TRUST**
**REPORT OF THE TRUSTEES AND**
**FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
Sugarwhite Meyer Accountants Ltd First Floor 94 Stamford Hill London N16 6XS
**BEFORE TRUST**
## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
|||**Page**||
|---|---|---|---|
|**Reference and Administrative Details**||1||
|**Report of the Trustees**||2||
|**Independent Examiner's Report**||3||
|**Statement of Financial Activities**||4||
|**Balance Sheet**||5||
|**Notes to the Financial Statements**|6|to|8|
**BEFORE TRUST**
## **REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 MARCH 2023**
## **TRUSTEES**
**TRUSTEES** L Lerner M Eizenbach (appointed 20.1.23) **PRINCIPAL ADDRESS** 38 Heathland Road London N16 5LZ **REGISTERED CHARITY** 802882 **NUMBER INDEPENDENT EXAMINER** Sugarwhite Meyer Accountants Ltd First Floor 94 Stamford Hill London N16 6XS **BANKERS** LLoyds Bank plc 174 Clapton Common London E5 9AQ
Page 1
## **BEFORE TRUST**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023**
The trustees present their report with the financial statements of the charity for the year ended 31 March 2023. 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).
## **Reference and administrative information**
Reference and administrative information is shown on page 1 of the financial statements and forms part of this report.
## **OBJECTIVES AND ACTIVITIES**
## **Objectives for public benefit**
The objects of the charity are the furtherance of religious, educational and other institutions and for any other charitable purpose as the trustees may determine.
The trustee confirms that he has given due regard the Charity Commission's guidance on public benefit. The charity carries out its object by grantmaking.
## **Grantmaking**
In general the trustee selects the institutions to be supported according to his personal knowledge of work of the institution. Whilst not actively inviting applications ,he is always prepared to accept any application which will be carefully considered and help given according to circumstances and funds then available.
## **FINANCIAL REVIEW**
## **Review of activities**
There was a increase in income of about 14% and grantmaking by 33% leaving a deficit for the year, which was funded from reserves held. Grants were made to charities and institutions in England and aboard and also to individuals for the relief of poverty.
## **Reserves policy**
The trustee does not seek to maintain reserves other than to ensure that the charity can continue its activities. Reserves at the year end were £32,794 (2022 - £45,132) with free reserves of £5,839 (2022 - £18,177).
## **Risk review**
The trustees have reviewed the major risks that the charity faces and confirm that they have established systems to mitigate them.
## **FUTURE PLANS**
The charity plans to continue its activities subject to satisfactory income.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Constitution**
The charity was established by Deed of Trust on 25th July 1989.
## **Organisation**
The charity is run by the trustee. The power to appoint new trustees is vested in the board. It is not the intention of the trustee of the charity to appoint any new trustees. Should the situation change in the future, the trustee will apply suitable recruitment induction and training procedures
Approved by order of the board of trustees on 18 January 2024 and signed on its behalf by:
L Lerner - Trustee
Page 2
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BEFORE TRUST**
## **Independent examiner's report to the trustees of Before Trust**
I report to the charity trustees on my examination of the accounts of Before Trust (the Trust) for the year ended 31 March 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 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:
1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or 2. the accounts do not accord with those records; or
3. 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.
E Meyer FCA BSc
Sugarwhite Meyer Accountants Ltd First Floor 94 Stamford Hill London N16 6XS
18 January 2024
Page 3
## **BEFORE TRUST**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023**
|**2023**
**Unrestricted**
**fund**
**Notes**
**£**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
181,094
**EXPENDITURE ON**
**Charitable activities**
2
Grantmaking
188,690
Support
4,742
**Total**
193,432
**NET INCOME/(EXPENDITURE)**
(12,338)
**RECONCILIATION OF FUNDS**
Total funds brought forward
45,132
**TOTAL FUNDS CARRIED FORWARD**
32,794|**2022**
**Total**
**funds**
**£**
159,297|
|---|---|
||141,670
1,483|
||143,153|
||16,144
28,988|
||45,132|
The notes form part of these financial statements
Page 4
## **BEFORE TRUST**
## **BALANCE SHEET 31 MARCH 2023**
|**Notes**
**FIXED ASSETS**
Tangible assets
6
**CURRENT ASSETS**
Cash at bank
**CREDITORS**
Amounts falling due within one year
7
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**NET ASSETS**
**FUNDS**
Unrestricted funds
**TOTAL FUNDS**|**2023**
**Total**
**funds**
**£**
26,955
6,800
(961)
5,839
32,794
32,794
32,794
32,794|**2022**
**Total**
**funds**
**£**
26,955
19,078
(901)
18,177
45,132
45,132
45,132
45,132|
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 18 January 2024 and were signed on its behalf by:
L Lerner - Trustee
The notes form part of these financial statements
Page 5
**BEFORE TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
## **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 in the year in which they are incurred and includes irrecoverable VAT.
Support costs are those incurred to assist the work of the charity but are not direct charitable activities.
Governance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.
## **Taxation**
The charity is exempt from tax on its charitable activities.
## **Going concern**
There are no material uncertainties about the charity's ability to continue.
## **2. CHARITABLE ACTIVITIES COSTS**
|**Grant**
**funding of**
**activities**
**(see note**
**3)**
**£**
Grantmaking
188,690
Support
-
188,690
**GRANTS PAYABLE**
Grantmaking
The total grants paid to institutions during the year was as follows:
Advancement of religion
Advancement of education
Relief of poverty|**Support**
**costs (see**
**note 4)**
**£**
-
4,742
4,742
**2023**
**£**
188,690
**2023**
**£**
53,160
42,700
69,380
165,240|**Totals**
**£**
188,690
4,742|
|---|---|---|
|||193,432|
|||**2022**
**£**
141,670|
|||**2022**
**£**
107,070
15,400
5,000|
|||127,470|
## **3. GRANTS PAYABLE**
Page 6
## **BEFORE TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023**
## **3. GRANTS PAYABLE - continued**
## **4.**
|Ahavat Chesed|||62,960||
|---|---|---|---|---|
|Belz Synagogue|||42,550||
|Mamleches Hatorah Vechinech|||32,700||
|Others under £8,000|||27,030||
||||-------------||
||||165,240||
||||=======||
|The total grants paid to individuals during the year was as follows:|||||
||||**2023**|**2022**|
||||**£**|**£**|
|Relief of poverty|||23,450|14,200|
|**SUPPORT COSTS**|||||
||||**Governance**||
||**Other**||**costs**|**Totals**|
||**£**||**£**|**£**|
|Support|3,368||1,374|4,742|
|Support costs, included in the above, are as follows:|||||
|**Other**|||||
||||**2023**|**2022**|
|||||**Total**|
||||**Support**|**activities**|
||||**£**|**£**|
|Sundries|||3,368|229|
|**Governance costs**|||||
||||**2023**|**2022**|
|||||**Total**|
||||**Support**|**activities**|
||||**£**|**£**|
|Independent examiner's other fees|||480|450|
|Independent examiner's other fees|||480|450|
|General expenses|||414|354|
||||1,374|1,254|
Page 7
## **BEFORE TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023**
## **5. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022.
## **6. TANGIBLE FIXED ASSETS**
|**6.**|**TANGIBLE FIXED ASSETS**|||
|---|---|---|---|
||||**Religious**|
||||**requisites**|
||||**£**|
||**COST**|||
||At 1 April 2022 and 31 March 2023||26,955|
||**NET BOOK VALUE**|||
||At 31 March 2023||26,955|
||At 31 March 2022||26,955|
||No deprecation is charged on religious requisites as they keep their value.|||
|**7.**|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|||
|||**2023**|**2022**|
|||**£**|**£**|
||Other creditors|961|901|
## **8. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 March 2023.
Page 8