Benruben Limited - Charities report - 19.1

Benruben Limited - Charities report - 19.1

BENRUBEN LIMITED - Company Information

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IRIS Accounts Production v19.1.0.729 Other Company accounts True False Pounds 1.8.17 31.7.18 31.7.18 FY Mr J Spitzer Mr J Spitzer FRS 102 Independent examiner Large and medium-sized companies regime for accounts Full Charities SORP True True True True True False True False True iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure091169662017-07-31091169662018-07-31091169662017-08-012018-07-31091169662016-07-31091169662016-08-012017-07-31091169662017-07-3109116966ns0:CharitableCompanyLimitedByGuarantee2017-08-012018-07-3109116966ns15:PoundSterling2017-08-012018-07-3109116966ns0:Trustee22017-08-012018-07-3109116966ns11:FRS1022017-08-012018-07-3109116966ns11:IndependentExaminationCharity2017-08-012018-07-3109116966ns11:LargeMedium-sizedCompaniesRegimeForAccounts2017-08-012018-07-3109116966ns11:FullAccounts2017-08-012018-07-3109116966ns11:CharitiesSORP2017-08-012018-07-3109116966ns16:EnglandWales2017-08-012018-07-3109116966ns11:RegisteredOffice2017-08-012018-07-3109116966ns0:Trustee12017-08-012018-07-3109116966ns0:Trustee32017-08-012018-07-3109116966ns0:Activity82017-08-012018-07-3109116966ns0:Activity82016-08-012017-07-3109116966ns10:WithinOneYear2018-07-3109116966ns10:WithinOneYear2017-07-310911696622017-08-012018-07-310911696612017-08-012018-07-310911696612016-08-012017-07-31
REGISTERED COMPANY NUMBER: 09116966 (England and Wales)
REGISTERED CHARITY NUMBER: 1162469




















REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE
YEAR ENDED 31 JULY 2018
FOR
BENRUBEN LIMITED
Melinek Fine LLP
Chartered Accountants
First Floor, Winston House
349 Regents Park Road
London
N3 1DH









BENRUBEN LIMITED
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2018










Page

Report of the Trustees 1 to 2

Independent Examiner's Report 3

Statement of Financial Activities 4

Balance Sheet 5

Notes to the Financial Statements 6 to 7

BENRUBEN LIMITED (REGISTERED NUMBER: 09116966)
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 JULY 2018
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with
the financial statements of the charity for the year ended 31 July 2018. 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 2015).

OBJECTIVES AND ACTIVITIES
Objectives and aims
The charitable purposes of the company are:

- The relief of poverty among persons of the Jewish faith in any part of the world.
- The advancement of the Jewish religion in any part of the world.

Public benefit
The Trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on
public benefit when reviewing the Charity's aims and objectives and in planning future activities and setting the
grantmaking policy.

Grantmaking
Grants will be made to charitable institutions and organisations after it has satisfied that payments will accord with the
objectives of the company.

FINANCIAL REVIEW
Reserves policy
The company aims to maintain reserves in order to be in a position to make grants and to cover contingencies of calls
being made upon the charity of organisations or institutions in times of need.

The company received £263,000 (2017: £868,000) in voluntary donations, distributed £245,115 (2017: £121,300) in the
form of grants to institutions and has unrestricted funds of £924,740 (2017: £907,639).

FUTURE PLANS
The trustees plan to support charities and charitable purposes in accordance with their grant making policy and to ensure
that sufficient income is maintained to achieve that end.

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by
guarantee, as defined by the Companies Act 2006.

The liability of each member is limited to £1, being the amount that each member undertakes to contribute to the assets
of the company in the event of its being wound up while he is a member or within one year after he ceases to be a
member.

Recruitment and appointment of new trustees
Subsequent to incorporation such other persons as the trustees shall admit to membership of the company shall become
members of the company. Provided always that only persons with independent legal identity shall be admitted to
membership and, in the case of individuals, only persons aged 16 years or over shall be admitted to membership.

Every applicant for membership shall sign such application form and provide such other information or evidence as the
trustees may require. The trustees shall have absolute discretion to accept or reject any application and need not give
their reason for doing so.

Organisational structure
There must be at least three members at all times. The charity is organised so that the trustees meet regularly to
manage the affairs of the charity.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
09116966 (England and Wales)

Registered Charity number
1162469

Page 1
BENRUBEN LIMITED (REGISTERED NUMBER: 09116966)
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 JULY 2018
REFERENCE AND ADMINISTRATIVE DETAILS
Registered office
First Floor, Winston House
349 Regents Park Road
London
N3 1DH

Trustees
Mr M Spitzer
Mr J Spitzer
Mr M Stimler

Independent examiner
Melinek Fine LLP
Chartered Accountants
First Floor, Winston House
349 Regents Park Road
London
N3 1DH

Approved by order of the board of trustees on 29 March 2019 and signed on its behalf by:



Mr J Spitzer - Trustee
Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
BENRUBEN LIMITED (REGISTERED NUMBER: 09116966)
Independent examiner's report to the trustees of Benruben Limited ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 July 2018.

Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of Institute of Chartered Accountants in England and Wales which is one of the listed bodies

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].

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 Aryeh Melinek, FCA
Institute of Chartered Accountants in England and Wales
Melinek Fine LLP
Chartered Accountants
First Floor, Winston House
349 Regents Park Road
London
N3 1DH


29 March 2019
Page 3
BENRUBEN LIMITED
STATEMENT OF FINANCIAL ACTIVITIES
(INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 JULY 2018
2018 2017

Unrestricted
fund		 Total
funds
Notes £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 2 263,000 868,000
Total 263,000 868,000

EXPENDITURE ON
Charitable activities 3
Charitable activities 245,899 122,238
NET INCOME 17,101 745,762
RECONCILIATION OF FUNDS

Total funds brought forward 907,639 161,877
TOTAL FUNDS CARRIED FORWARD 924,740 907,639
The notes form part of these financial statements
Page 4
BENRUBEN LIMITED (REGISTERED NUMBER: 09116966)
BALANCE SHEET
AT 31 JULY 2018
2018 2017

Unrestricted
fund		 Total
funds
Notes £    £   

CURRENT ASSETS
Cash at bank 925,340 908,239

CREDITORS
Amounts falling due within one year 7 (600 ) (600 )

NET CURRENT ASSETS 924,740 907,639
TOTAL ASSETS LESS CURRENT LIABILITIES 924,740 907,639
NET ASSETS 924,740 907,639
FUNDS
Unrestricted funds 924,740 907,639
TOTAL FUNDS 924,740 907,639
The charitable company is entitled to exemption from audit under
Section 477 of the Companies Act 2006 for the year ended 31 July 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended
31 July 2018 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the
Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the charitable company as
at the end of each financial year and of its surplus or deficit for each financial year in accordance with the
requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act
2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act
2006 relating to charitable small companies.

The financial statements were approved by the Board of Trustees on 29 March 2019 and were signed on its behalf by:




Mr J Spitzer -Trustee
The notes form part of these financial statements
Page 5
BENRUBEN LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2018
1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements of the charitable company, 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 2015)', Financial Reporting
Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies
Act 2006. The financial statements have been prepared under the historical cost convention.

Financial reporting standard 102 - reduced disclosure exemptions
The charity has taken advantage of the following disclosure exemption in preparing these financial statements, as
permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':

- the requirements of Section 7 Statement of Cash Flows.

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 corporation 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. DONATIONS AND LEGACIES

2018 2017
£    £   
Donations 263,000 868,000

3. CHARITABLE ACTIVITIES COSTS



Grant
funding of
activities
Support
costs

Totals
(See note 4) (See note 5)
£    £    £   
Charitable activities 245,115 784 245,899

Page 6
BENRUBEN LIMITED
NOTES TO THE FINANCIAL STATEMENTS - CONTINUED
FOR THE YEAR ENDED 31 JULY 2018
4. GRANTS PAYABLE

2018 2017
£    £   
Charitable activities 245,115 121,300

A summary of donations made during the year is as follows:

Name of organsation: Amount (£ )

Ezer V' Hatzalah Ltd 100,000
Menorah High School For Girls 65,000
Yesamach Levav Trust 20,000
Give N'Earn 18,000
Beis Yaakov Girls School Limited 10,000
Other 32,115

Total 245,115

5. SUPPORT COSTS



Finance		 Governance
costs
Totals
£    £    £   
Charitable activities 15 769 784

6. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 July 2018 nor for the year ended
31 July 2017.

Trustees' expenses
There were no trustees' expenses paid for the year ended 31 July 2018 nor for the year ended 31 July 2017.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018 2017
£    £   
Accruals and deferred income 600 600

8. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 July 2018.

Page 7