REGISTERED CHARITY NUMBER: 802882
BEFORE TRUST
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
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 2024
| Page | ||
|---|---|---|
| Reference and Administrative Details | 1 | |
| Report of the Trustees | 2 to | 3 |
| Independent Examiner's Report | 4 | |
| Statement of Financial Activities | 5 | |
| Balance Sheet | 6 | |
| Notes to the Financial Statements | 7 to | 9 |
BEFORE TRUST
REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 MARCH 2024
TRUSTEES
TRUSTEES L Lerner M Eizenbach 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 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).
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 decrease in income of about 23% and grantmaking by 26% 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 £29,524 (2023 - £32,794) with free reserves of £2,629 (2023 - £5,839).
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
STATEMENT OF TRUSTEES' RESPONSIBILITIES
The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Page 2
BEFORE TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024
STATEMENT OF TRUSTEES' RESPONSIBILITIES - continued
The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed 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 and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charity SORP;
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make judgements and estimates that are reasonable and prudent;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 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.
Approved by order of the board of trustees on 20 January 2025 and signed on its behalf by:
L Lerner - Trustee
Page 3
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 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:
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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; or
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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
20 January 2025
Page 4
BEFORE TRUST
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024
| 2024 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 139,790 EXPENDITURE ON Charitable activities 2 Grantmaking 139,970 Support 3,090 Total 143,060 NET INCOME/(EXPENDITURE) (3,270) RECONCILIATION OF FUNDS Total funds brought forward 32,794 TOTAL FUNDS CARRIED FORWARD 29,524 |
2023 Total funds £ 181,094 188,690 4,742 193,432 (12,338) 45,132 32,794 |
|---|---|
The notes form part of these financial statements
Page 5
BEFORE TRUST
BALANCE SHEET 31 MARCH 2024
| 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 |
2024 Total funds £ 26,955 3,589 (1,020) 2,569 29,524 29,524 29,524 29,524 |
2023 Total funds £ 26,955 6,800 (961) 5,839 32,794 32,794 32,794 32,794 |
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 20 January 2025 and were signed on its behalf by:
L Lerner - Trustee
The notes form part of these financial statements
Page 6
BEFORE 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 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 139,964 Support - 139,964 3. 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) £ 6 3,090 3,096 2024 £ 139,964 2024 £ 42,375 32,524 32,265 107,164 |
Totals £ 139,970 3,090 |
|---|---|---|
| 143,060 | ||
| 2023 £ 188,690 |
||
| 2023 £ 53,160 42,700 69,380 |
||
| 165,240 |
Page 7
BEFORE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
3. GRANTS PAYABLE - continued
| Ahavat Chesed | 30,265 | |||||
|---|---|---|---|---|---|---|
| Belz Synagogue | 30,400 | |||||
| Machzikei Hadass | 12,000 | |||||
| Mamleches Hatorah Vechinich | 11,199 | |||||
| Others under £8,500 | 23,300 | |||||
| ------------- | ||||||
| 107,164 | ||||||
| ======= | ||||||
| The total grants paid to individuals during the year was as follows: | ||||||
| 2024 | 2023 | |||||
| £ | £ | |||||
| Relief of poverty | 32,800 | 23,450 | ||||
| SUPPORT COSTS | ||||||
| Governance | ||||||
| Other | costs | Totals | ||||
| £ | £ | £ | ||||
| Grantmaking | 6 | - | 6 | |||
| Support | 1,716 | 1,374 | 3,090 | |||
| 1,722 | 1,374 | 3,096 | ||||
| Support costs, included in the above, are as follows: | ||||||
| Other | ||||||
| 2024 | 2023 | |||||
| Total | Total | |||||
| Grantmaking | Support | activities | activities | |||
| £ | £ | £ | £ | |||
| Sundries | 6 | 1,716 | 1,722 | 3,368 | ||
| Governance costs | ||||||
| 2024 | 2023 | |||||
| Total | ||||||
| Support | activities | |||||
| £ | £ | |||||
| Independent examiner's other fees | 540 | 480 | ||||
| Independent examiner's other fees | 480 | 480 | ||||
| General expenses | 354 | 414 | ||||
| 1,374 | 1,374 |
4. SUPPORT COSTS
Page 8
BEFORE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
5. 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.
6. TANGIBLE FIXED ASSETS
| 6. | TANGIBLE FIXED ASSETS | ||
|---|---|---|---|
| Religious | |||
| requisites | |||
| £ | |||
| COST | |||
| At 1 April 2023 and 31 March 2024 | 26,955 | ||
| NET BOOK VALUE | |||
| At 31 March 2024 | 26,955 | ||
| At 31 March 2023 | 26,955 | ||
| No deprecation is charged on religious requisites as they keep their value. | |||
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
| 2024 | 2023 | ||
| £ | £ | ||
| Other creditors | 1,020 | 961 |
8. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2024.
Page 9