## **Kahal Imrei Chaim Limited** **Report and Financial Statements For The Year Ended 30 September 2020** ## **Kahal Imrei Chaim Limited** |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 to 8| |Accountants Report|9| ## **Kahal Imrei Chaim Limited** **Trustees** Mr Benjamin Goldberg Mr Pescah Neiman **Directors:** Mr Benjamin Goldberg Mr Pescah Neiman The Organisation is a Charitable Company. ## **Date Of Incorporation Date of Charity Registration** ## **Registered Office** 121 Clapton Common London E5 9AB **Company Number Charity Number** 24 September 1998 21 December 1998 **03641012 1073061** Page 1 ## **Kahal Imrei Chaim Limited** ## **Report of the Trustees** The Directors / Trustees present their annual report with accounts of the Charitable Company for the Year Ended 30 September 2020. ## **Status and Administration** The Charity is constituted as a company limited by guarantee, and is therefore governed by a Memorandum and Articles of Association. ## **Charitable Objects** The objects of the charity are to advance the Orthodox Jewish faith by the provision of a place of worship and educational facilities The trustees have considered the Charity Commission's general guidance on public benefit. ## **Directors / Trustees** The Directors and Trustees in office at the year end were Mr Benjamin Goldberg Mr Pescah Neiman ## **Reserves Policy** All funds are ring fenced and are used in strict accordance with the Terms and Conditions of the Donors of the Funds. Page 2 ## **Kahal Imrei Chaim Limited** ## **Report of the Management Committee** ## **Responsibilities of the Trustees** Company and 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 charitable company 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 2015, 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 charitable company and to enable them as Trustees to ensure that the financial statements comply with the Charity Law and the Companies Act 2006. The Trustees are also responsible for safeguarding the charitable company's assets and hence for taking reasonable steps for the prevention and detection of fraud and other regularities. **Members of The Management Committee** Members of The Management Committee, who are Directors for the purpose of Company Law and Trustees for the purpose of Charity Law are set out on Page 1. ## **Political and Charitable Donations** During the year, the Charitable Company made charitable contributions of £112,613 (2019 £272,162) **The Euro** The impact of the Euro has been considered generally by the company. Although the impact of the changeover to the Euro is not currently anticipated to be significant, this issue is being closely monitored. The above report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. Approved by The Trustees of Kahal Imrei Chaim Limited on 6 June 2021, and signed on its behalf by Mr Benjamin Goldberg Trustee Mr Pescah Neiman Trustee Page 3 ## **Kahal Imrei Chaim Limited** ## **Statement Of Financial Activities** ## **For The Year Ended 30 September 2020** ||Notes|Restricted|Restricted|Unrestricted|_2020_|2019| |---|---|---|---|---|---|---| |||Funds||Funds|Total Funds|Total Funds| |||£||£|£|£| |**INCOMING RESOURCES**||||||| |**Charitable Objectives**||||||| |Voluntary Income|2||0|545,212|545,212|599,538| |Grants|2|||10,000|10,000|0| |Investment Income|2|||154,665|154,665|124,257| |**Interest Received**|||0|0|0|0| |**Total Incoming Resources**|||**0**|**709,877**|**709,877**|**723,795**| |**RESOURCES EXPENDED**||||||| |**Costs of Generating Funds**||||||| |Fund Raising Costs|||0|0|**0**|**0**| |**Net Incoming Resources Available**||||||| |**For Charitable Application**|||**0**|**709,877**|**709,877**|**723,795**| |**Charitable Expenditure**|5||0|||| |Community Services||||294,810|294,810|331,507| |Grants Made||||112,613|112,613|272,162| |Governance Costs|8||0|62,503|62,503|1,450| |**Total Charitable Expenditure**|||**0**|**469,926**|**469,926**|**605,119**| |**Total Resources Expended**|5||**0**|**469,926**|**469,926**|**605,119**| |**Net Movement In Funds**|||**0**|**239,951**|**239,951**|**118,676**| |**Total Funds at**
**Brought Forward**|||**0**|**2,634,205**|**2,634,205**|**2,515,529**| |**Transfer Between Funds**||||**0**|**0**|**0**| |**Total Funds at**
**Carried Forward**|14|**£**|**0**|**£ 2,874,156**|**£ 2,874,156**|**£ 2,634,205**| Page 4 ## **Kahal Imrei Chaim Limited** ## **Balance Sheet at 30 September 2020** |**Balance Sheet at**
**30 September 2020**||||| |---|---|---|---|---| |Notes
**Fixed Assets**
Tangible Assets
9
**Current Assets**
Debtors
10
Cash at Bank and in Hand
**Creditors**
**:**Amounts falling due
within one year
11
**Net Current Assets / (Liabilities)**
**Total assets less current liabilities**
**Creditors**
**:**Amounts falling due
after more than one year
12
**Net Assets / (Liabilities)**
13
**Unrestricted Funds**
14
**Total Funds**
14|**£**|_2020_
£
3,281,996
3,281,996
141,535
224,104
365,639
(62,562)
303,077
3,585,073
(710,917)
**2,874,156**
2,874,156
**2,874,156**|**£**|2019
£
3,282,201| |||||3,282,201
61,626
65,000
126,626
(13,715)
112,911
3,395,112| |||||(760,907)
**2,634,205**| ||**£**||**£**|2,634,205| |||||**2,634,205**| These accounts have been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006 and the Financial Reporting Standard for Small Entities. For the financial year ended 30 September 2020 ,the company was entitled to an exemption from under Section 477 Companies Act 2006, and no notice has been deposited under Section 476. The director acknowledges his responsibilities for ensuring that the company keeps accounting records which comply with section 386 and preparing accounts which give a true and fair view of the state of affairs of the company as at the end of the year and of its profit or loss for the financial year in accordance with the requirements of sections 394 and 395 which otherwise comply with the requirements of the Companies Act 2006, so far as applicable to the company. Approved by the Trustees on 6 June 2021, and signed on its behalf by Signed Mr Benjamin Goldberg Trustee Mr Pescah Neiman Trustee The notes on pages 6 to 8 form part of these accounts. Page 5 ## **Kahal Imrei Chaim Limited** ## **Notes To The Accounts - 30 September 2020** ## **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 Charitable Company 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 are included as unrestricted funds. 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 Governors. ## **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. The irrecoverable element of VAT is included with the item of expense to which it relates. ## **Tangible Fixed Assets** Depreciation is provided after taking into account of any grants receivable at the following annual rates in order to write off each asset over its estimated useful life ## Fixtures and Fittings 25% on net book value ||2020||2020|2019||2019| |---|---|---|---|---|---|---| ||£||£|£||£| ||Restricted||Unrestricted|Restricted||Unrestricted| |**2)**|Volunatry Income and Investment Income|||||| ||Voluntary Income|0|545,212|||599,538| ||Investment Income|0|154,665||0|124,257| ||Grants|0|10,000||0|0| ||**£**|**0**|**£ 709,877**|**£**|**0**|**£ 723,795**| |**3) **|**Expenditure**||2020|||2019| ||||£|||£| ||The operating surpluses stated after charging|||||| ||Depreciation||**£ 205**|||**£ 273**| |**4)**|The average number of Employees during the year, on a|full time equivalent||||| ||basis was|||_2020_||2019| |||||11||10| ||No Employee was paid above £60,000 per year.|||||| Page 6 ## **Kahal Imrei Chaim Limited** |**Notes To The Accounts -**||**30 September 2020**|**30 September 2020**||**30 September 2019**|**30 September 2019**| |---|---|---|---|---|---|---| |||Restricted|Unrestricted||Restricted|Unrestricted| |**5) Analysis of Total Resources Expended**|||2020|||2019| |**In Furtherance of Charitable Activites**|||£|||£| |**Community Services**||||||| |Adverstising|||975|||5,228| |Campaign Expense|||0|||0| |Childern's Activties|||0|||7,200| |Council Tax|||1,220|||2,097| |Cleaning|||15,856|||13,605| |Depreciation
Computers|0|||0||| |Fixtures and Fittings|205|||273||| |Wood Screens|0||205|0||273| |Functions|||26,477|||6,282| |Furniture|||4,116|||10,116| |Insurance|||9,855|||11,396| |Interest and Charges|||23,494|||25,213| |Light ,Heat and Water|||28,118|||33,183| |Payroll|||33,804|||54,992| |Property Management|||0|||3,320| |Refreshments|||83,981|||73,009| |Religious Books|||814|||10,000| |Repairs and Maintenance|||59,690|||58,283| |Rent|||600|||2,870| |Travel|||5,605|||14,440| |Total Community Services||**0**|**294,810**||**0**|**331,507**| |Governance Costs|||62,503|||1,450| |**Total Resources Expended**||**£ 0**|**£ 357,313**||**£ 0**|**£ 332,957**| ||||2020|||2019| |**6) Grants Made**|||£|||£| ||||**£ 112,613**|||**£ 272,162**| ## **7) Taxation** The Charitable Company is exempt from taxation on its charitable activities. |**8) Governance Costs**
Accounting
Bank Charges
Legal and Professional
Office Supplies
Telephone
**9) Tangible Fixed Assets**
Cost or valuation
At
Additions
At
Depreciation
At
Charge for the year
At
Net book values
At
At
30 September 2019
30 September 2019
30 September 2020
30 September 2019
30 September 2020
30 September 2020|2020
2019
£
£
3,182
0
437
474
58,000
120
728
592
156
264
**£ 62,503**
**£ 1,450**
Land and
Fixtures &
Office
Building
Fittings
Equipment
£
£
£
3,281,382
46,932
0
0
0
0
£3,281,382
£46,932
£0
0
46,113
0
0
205
0
£0
£46,318
£0
£ 3,281,382
£ 614
£ 0
£ 3,281,382
£ 819
£ 0|Total
£
3,328,314
0
£3,328,314
46,113
205
£46,318
£ 3,281,996| |---|---|---| |||£ 3,282,201| Page 7 ## **Kahal Imrei Chaim Limited Notes To The Accounts - 30 September 2020** Paragraph 6.50 of the Financial Reporting Standard for Smaller Entities (effective April 2008) states that investment properties should not be subject to periodic charges for depreciation and further in accordance with paragraphs 6.52 and 6.53 are to be included in the Balance Sheet at their open market value. In the Director's opinion, it is not possible to quantify the periodic charge which would otherwise have arisen as this is only one of the factors which he considers in his annual valuation process. |**10) Debtors**
2020
2019
£
£
Trade Debtors
80,564
655
Other Debtors
60,971
60,971
£ 141,535
£ 61,626
**11) Creditors:**
**Amounts falling due within one year**
2020
2019
£
£
Trade Creditors
13,722
Other Creditors
48,840
13,715
Taxation and Social Security
0
0
**£ 62,562**
**£ 13,715**
**12) Creditors:**
**Amounts falling due after more than one year**
2020
2019
£
£
Bank Loans and Overdrafts (secuered)
710,917
760,907
Debt due after more than one year
£ 710,917
£ 760,907
**13) Net Assets of The Charity's Funds**
**Fixed**
**Assets**
**Net Current**
**Assets /**
**(Liabilities)**
**Long Term**
**Liabilities**
**Fund**
**Balances**
£
£
£
**Restricted Funds**
0
0
0
**Unrestricted Funds**
3,281,996
303,077
(710,917)
2,874,156
**Total Funds**
**£ 3,281,996**
**£ 303,077**
**£(710,917)**
**£ 2,874,156**
**14) Unrestricted Funds**
**: Movements In The Year**
**Balance at**
**Revaluation**
**Balance at**
**Income**
**Expended Reserve**
£
£
£
£
£
2,634,205
709,877
469,926
0
2,874,156
**£ 2,634,205**
**£ 709,877**
**£ 469,926**
**£ 0**
**£ 2,874,156**
**30 September 2019**
**30 September 2020**|**10) Debtors**
2020
2019
£
£
Trade Debtors
80,564
655
Other Debtors
60,971
60,971
£ 141,535
£ 61,626
**11) Creditors:**
**Amounts falling due within one year**
2020
2019
£
£
Trade Creditors
13,722
Other Creditors
48,840
13,715
Taxation and Social Security
0
0
**£ 62,562**
**£ 13,715**
**12) Creditors:**
**Amounts falling due after more than one year**
2020
2019
£
£
Bank Loans and Overdrafts (secuered)
710,917
760,907
Debt due after more than one year
£ 710,917
£ 760,907
**13) Net Assets of The Charity's Funds**
**Fixed**
**Assets**
**Net Current**
**Assets /**
**(Liabilities)**
**Long Term**
**Liabilities**
**Fund**
**Balances**
£
£
£
**Restricted Funds**
0
0
0
**Unrestricted Funds**
3,281,996
303,077
(710,917)
2,874,156
**Total Funds**
**£ 3,281,996**
**£ 303,077**
**£(710,917)**
**£ 2,874,156**
**14) Unrestricted Funds**
**: Movements In The Year**
**Balance at**
**Revaluation**
**Balance at**
**Income**
**Expended Reserve**
£
£
£
£
£
2,634,205
709,877
469,926
0
2,874,156
**£ 2,634,205**
**£ 709,877**
**£ 469,926**
**£ 0**
**£ 2,874,156**
**30 September 2019**
**30 September 2020**|**10) Debtors**
2020
2019
£
£
Trade Debtors
80,564
655
Other Debtors
60,971
60,971
£ 141,535
£ 61,626
**11) Creditors:**
**Amounts falling due within one year**
2020
2019
£
£
Trade Creditors
13,722
Other Creditors
48,840
13,715
Taxation and Social Security
0
0
**£ 62,562**
**£ 13,715**
**12) Creditors:**
**Amounts falling due after more than one year**
2020
2019
£
£
Bank Loans and Overdrafts (secuered)
710,917
760,907
Debt due after more than one year
£ 710,917
£ 760,907
**13) Net Assets of The Charity's Funds**
**Fixed**
**Assets**
**Net Current**
**Assets /**
**(Liabilities)**
**Long Term**
**Liabilities**
**Fund**
**Balances**
£
£
£
**Restricted Funds**
0
0
0
**Unrestricted Funds**
3,281,996
303,077
(710,917)
2,874,156
**Total Funds**
**£ 3,281,996**
**£ 303,077**
**£(710,917)**
**£ 2,874,156**
**14) Unrestricted Funds**
**: Movements In The Year**
**Balance at**
**Revaluation**
**Balance at**
**Income**
**Expended Reserve**
£
£
£
£
£
2,634,205
709,877
469,926
0
2,874,156
**£ 2,634,205**
**£ 709,877**
**£ 469,926**
**£ 0**
**£ 2,874,156**
**30 September 2019**
**30 September 2020**| |---|---|---| |||**2,874,156**| |||| ## **15) 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 8 ## **Accountants Report to the Trustees on the Unaudited Accounts of the Charitable Company Kahal Imrei Chaim Limited** We report on the accounts for the year ended 30 September 2020 set out on pages 4 to 8. ## **Respective Responsibilities Of Directors / Trustees and Reporting Accountants** As described on page 3, the trustees as directors of the charitable company are responsible for the preparation of the accounts, and they consider that the company is exempt from an audit. It is our responsibility to carry out the procedures designed to enable us to report our opinion. ## **Accountant's Responsibilty** It is our responsibility to: examine the accounts under section 43 of the 2011 Act; to follow procedures laid down in the General Directions given by the Charity Commission under section 43(7)(b) of the 1993 Act; and to state whether particular matters have come to our attention. ## **Basis of Opinion** Our work was conducted in accordance with the Statement of Standards for Reporting Accountants 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. ## **Opinion** - a) The Accounts are in agreement with the accounting records kept by the company under Section 447 of the Companies Act 2006; - b) Having regard to, and on the basis of, the information contained in those accounting records: (I) The Accounts have been drawn up in a manner consistent with the accounting requirements specified in section 386 of the Act; and - (II) The Company satisfied the conditions for exemption from an audit of the accounts for the year specified in section 476 of the Act and did not, at any time within that year, fall within any of the categories of companies not entitled to the exemption specified in section 477. Date 06 June 2021 ## **Reporting Accountants** C. Rosen & Co Certified Accountants 50 Craven Park Road South Tottenham London N15 6AB Page 9