CHAI NETWORK
TRUSTEES. REPORT AND ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2021
Charlty No: 1091208

CHAI NETWORK
INDEX TO THE ACCOUNTS
HARITY DETAILS
TRUSTEES. ANNUAL REPORT
24
INDEPENDENT EXAMINER'S REPORT
STATEMENT OF FINANCIAL ACTIVITIES
BALANCE SHEEr
NOTES TO THE ACCOUNTS
8-11

CHAI NETWORK
CHARITY DETAILS
CHARITY NUMBER
1091208
TRUSTEES
Bernard Verby
Gary Glickman
BANKERS
Natlvest plc
PRINCIPAL OFFICE
3 Mifton Crescent
Cheadle
Cheshire
SK8 1NT
Page 1

CHAI NETWORK
TRUSTEES. REPORT ON THE ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2021
The trustees present their report along with the financial statements of the charty for the year 1 September 2020 to
31 st August 2021. The financial statements have been Prepa￿ in aC￿rdance with the accounting
policies set out on page 8 and 9 and compty with the charty's trust deed and applicable law.
Chari
details
The details of the charity are given on page 1.
Constitution and ob.ects
Chai NO￿l0rk is constituted under a declaration of trust dated 20th December 2001, and is a registered
Gharity number 1091208.
The object5 of the chartty are to spread knovledge of the Jewtsh religion and Culture by the following means:
- the publication of books. monographs, pamphlets and other reading material
- the hokling of seminars whether residenbal or othemse
- th8 @stablishment and 8xtension of libraries
the provision of social and recreational facilities to enable and assist in the spreading and knowledge of the
Jewish religion
- such other means ag the tnjstees shall from to t'mè think fil
Ob-ectives and actlvlties
The main objectDies are 'prÈparing OUrgÈ￿è# for the ultimate redÈmption' and'Ènguring Jewish continuty,
by reinfor¢in9 Jewish identity by providing nourishing edu￿tIonal and Social activities, and reaching out to all,
whether in times of crisis. celebration and in daity life. The charity's main income is from donations which
enables the charity to achieve its objectives.
Achievements and rfomiance
During the year the charity continued to run and expand on the folbwing programnps and activities
Youth Acliv¢(ies
EduGalional SeTvice5
One to One Learning
Alef Bet Club
C-lQd5
Boys Bel Medrash
Bat Milzvah Club
C-Teens
Special Festival Celebrations
Adult Education
One to One leaming
Torah studies
Office leaming
Lunch & Leam
Guest Speakers
JLI - Jewish Learning Institute
Vvomen piogratns
Challah Bake
Special Events and Guest LecbJre5
Women's Mikva
General & Ongoing
Shabbat & Fe5tNal Dinners
Shabbat Morning Minyan with Kithjush
Bikur Cholim- Room & Board for familts of patients
Meals on Meels
Judaica Servi
Fnendship Circle
www.¢hainetwork.com
¢ontinu•d
Page 2

CHAI NETWORK
TRUSTEES. REPORT ON THE ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2021
Review of activities and achievements durin
the
ear
As mentioned in the 2019 report the Charity suffered a major flo￿1 extensive damage. As a result of a
major fundraising drive we were able to rebuil(J the Mikvah and repair the rest of the damaged areas making it
fit once again for operational use to accommcdate wr various drverse &tiwties and programmes.
th the start of Covid we adapted to the current situation and reached out to all that needed extra support and
care, providing meals and food parcels to ￿ delivere(I lo Il* homes of those most in need, online programmes
for all ages to engage and feel part of the community. and any other assistan￿ that was needed, ensuring no
one al any lime should feel lonely. isolated or abandoned. We continue to accommcLlate all the individual needs
of the community members, by prowding an in person option as well as an online option.
The charity had an excess of income over expenditure of £1.912 in the year. as detailed on page 6 of the
accounts. including an excess of expenditure over income of £32,689 relating to restricted funds for a Mikvah.
Review of results for the
erlod
Overall the charity has a nel surplus of funds of £75,312, as detailed on page 7 of the accounts.
Fund-raising campaigns are conlinuing to generate funds.
Future
The trustees plan to contsnue to inerease the charity's current actr"vrties and programmes.
R¢¢ruitment and a
ointment of new tr￿￿¢*
The appointment of new trustees is al the di5CTebon of the serving tnjstees. Al deasions made on behalf of the
charity ar8 mada by the trustees.
Public bonofit
The main activities of the charity are described in the Trustees. Report above. Al the charitable activities focus
on Spreading knowledge of the Jwsh religion and culture. and are undertaken to further charitable purpose5 for
the public benefit.
The trustees confiryn that they have complied wih the duty in ￿tion 17(5) of the Charities Act 2011 to have due
regard to public benefit guidan￿ published by the Charity Commission.
Page 3

CHAI NETWORK
TRUSTEES. REPORT ON THE ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2021
Trustees, res
nsibiliti
The Iru8te88 are require(l under tho Charities Act 2011 to prepare finanaal statements for 8ath financial year
which give a true and fair wew of the charitys ftnanaal activities during the year and of its financial wsition
al the end of the year lunle5s the tharity is entiued to kyewe acwints on ts allemative receipts and
payments basis).
In preparing financial statements giving a true and fair wew, the trustees should follow best practice and:
(a)
select suitaL4e accountirKJ ￿lICIeS ènd aprty tr￿M consistenuy",
Ibl
make judgements and estimates that are ￿8¥On¥ble and prudent..
Ic)
state whether applicable accounting standards and statements of recommended practice have
been followed. subject lo any departures dis¢lo$ed and èxplainad in tha financial statements..
Id)
prepare the financial statements on a going COr￿ern basis unless it is inappro￿ate lo presume
that the charity will continue in operati￿.
The tru5tee5 are responsible for keeping aC￿ntIng re¢ords which disdose Nvith reasonable accuracy Ihe
financial position of the Gharity and whith enable them to ascertain the finanaal position of the charity and
which 9nabl8 them to ensure that th8 financial statements comply with applicable law and regulations. They
arg also responsib18 for safeguarding the assets of the charity and hence for taking reasonable steps for
the prgvenlion and detection of fraud and other irregularities.
This report was approved by the twslees on
and is signed on behalf of them all.
Page 4

CHAI NETWORK
Inde
endent examinerfs re
ort to the trustees of Chai Network
I report on the accounts of the chanty for the year 1 September 2020 to 31st August 2021, which are set out on
pages6tol1.
Respectlve responslbllltlos of tn￿tee5 and enmlner
The charity's trustees are responsible for the preparation of the accounts. The tharity's trustees consider that
an audit is nol required for this year under section 144 (2) of the Charilies Act 2011 (the 2011 Act)) and that an
Independent examination is needed. The charity's gross incorrE does not exceed £250,000 and l am qualified lo
undert8ke the examination by being 8 qualtfied member ofACCA.
It Is my resFKsnsibllily to..
exanwne Ihe accounts under section 145 of the 2011 A(A:
- to follow the procedures laid down in the General Direcbons given by the Charly Commkssioners under
section 145 (5)(b) of the 2011 A(a', and
- to state whether partlcular matters have con* to my attentlon.
Basls of Independent examine￿, report
My examinatlon was carried out in accordance with the General Directions given by the Charity Commissioners.
An examination includes a remew of the accounting reconls kept by the charity and a compari50n of the
accounts presenled wf(h those records. It aLEo includes consideration of any unusual ftems 01 disclosures in the
accounts, and the seeking of explanations trom you as trustees conceming any suoh matters. The procedures
undertaken do not provMJe all the evidence that woukl be required in an audii, and, consequently, no opinion is
given as to whether the accounts present a Irue and fair wevl and the ￿port is linNled lo those matters set out
in the statement below.
Independent examlners, Statement
In connection wrth my examination, no matter has come to my attentN)n:
- which gives me reasonable cause to believe that, in any material respect, Ihe requirements-
(a) lo keep a(￿OUntIng records in accordance with section 130 of the 2011 Act.. and
{b) to prèpare accounts which accord with the accounting reconls and to comply with the
accounting requirements of the 2011 Act
have nol been met"
or
- to which, in my oplnlon, attentlon snoubj be drawn in order to enable a proper understan¢alng of the accounts lo
be reached.
H J Pinczewski and Co Chartered Certified Accountants
Rico House
Unli 6 Lower Ground Floor
Georg8 Street
PrestWiGh
M25 9WS
Date
Page 5

CHAI NETWORK
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 AUGUST 2021
Year*nded Year*nded Year*nded
31.Aug-21
31-Aug-21
31-Aug-21
Perlod*nded
31-Aug-20
Notss
R¢strl¢ted Unrestrlcted
funds
fun(ts
Totsl
funds
Totsl
funds
INCOMING RESOURCES
Donations an¢J legaoes
Charitable activities
Total Incomo
147.012
31.107
178,119
152,012
31,107
183,119
213,770
34.365
248,135
RESOURCES EXPENDED
Co8t8 of charitablo activiti0#
Activities and programme8
GeneTal administration
Bank charges and Inte￿$1
Depreciation of frxe(l assets
Total ex
enditure
13,3(KJ
89.834
68.959
83,134
68,959
129,679
95.815
300
34,551
260,345
24.389
37,689
4.725
143,518
29,114
181,207
Reconci15ation of funds
Net incomellexpenditurel forthe yeaT
Net movement in funds
132,6891
34.601
1.912
{12,210}
Total funds brought fomrd
65.165
8.235
73.41KJ
85.610
Total funds carried forward
32,476
42,836
7S,312
73,400
The statement of finanual actiV￿e8 inc4ude8 all gains and losses recognised in the period
l income and expenditure derive from continuing aG*vfaes.
Page 6

CHAI NETWORK
BALANCE SHEET AS AT 31ST AUGUST 2021
Ygar*ndgd
31-Au9-21
Period*nded
31-Aug-20
Fixed assets
Tangible as$¢ts
Investments
99.831
500
1(K),331
IOY.747
500
104,247
Currrent assets
Bank
Gift Aid receivable
Other debtors
44.170
6,813
4,614
55.597
15.804
1.983
3,774
21,361
Credltors.. amounts falllng due Ylthln one year
PAYE
Loans
4,513
47.e95
52.208
45,611
52.616
Net current aasets I Illabllltles)
2.981
(30.8471
Total assotslgss currgnt liabllltlos
103.312
n.400
Crèdltors: du• after mor• than one year
Bank loan
{28.(K(l}
75.312
73.4
Fund8 of the charlty
Reslri¢tad in¢ome fijnds
Unrestrided inwmg fvnd$
Totsl charrfy lunds
32.476
42.836
75,312
65,185
8.23S
73,400
Approved by the trustees on io..-Sfy!￿-.￿Thj is sIgn￿j on behalf oftt*m all.
Page 7

CHAI NETWORK
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2021
{1} Accounting poli¢ies
Charity infomiation
Chai Nefvlork is a charity registered wilh the Charity CorfflNsgM.
1.1 Bas1$ of prsparation of accounts and accountlng convention.
The accounts have been prepared on an acc¥ual$ basis.
The accounts have been prepared in accordance Yrith the tharity's goveming d¢xumenl, with applicaNe Unf(ed
Kingdom Accounting Stsnijards {Un(Éed Kingdom Generally Accepted Aceounkn"ng Prath'cel, w1th'A￿Unts.ng
and Reporting by char￿e5.. StateffEnl of RecomThnded Practicè appIl￿ble lo ¢haritie$ p￿paring their
accounts in accordan￿ with the Financial Reportin9 Standard aPpI￿a￿e in the UK and Republic of Ireland
IFRS 1021. (as amended for accounb.ng periods cDmmenang from 1 January 2016) and with the ch3rib.es Act
2011, whlch have been applied consistenlty (except as othemse staled).
The eb.anty 1$ a Public Ber*fft Entity as defin8d by FRS 102.
The a￿Ounts are prepared in sterling, whith is the ftjnclional ¢)Jrrery of the charity. Monetary amounts in
these financial ststements a￿ rounded to the nearest L
The accounts have been prepa￿d under the historical cost convention. The prinapal ac¢ounting policies
adopted are set oui below.
1.2 Aeeountlng p•rfod
These accounts cover the year 1 September 2020 10 31 August 2021. The comparative figures are for the
period 1 April 2019 to 31 ALtgust 2020.
1.3 Incomè
Income is recognised when tha tharity is legalty entitled lo tt after any ￿rfamanee cgndilions have been mot,
the amounts can be measuT&J reliabty, and it is probable that income wll be re¢eFved.
Voluntary income and donations received in cash are accounted for as r8ceivtrd by th? tharity. Other donations
are recognised onc£ the charity has been notified of th8 donation, unless perfomiance ¢ondib"ons require
deferral of the amount Income tsx recoverable in relation to donations rotsNed urKler GiftAid or deeds of
covenant is rec¢gnised the time of the donation.
1A Costs of charitsblg activities
The costs of eharitabl• aetivthes indudg$ all expendrtL￿e directy rejattd to the charitable activity and
fvndraising ventures.
1.$ R8strlct8d lundj
Re8tri¢ied fvnds are to be usefl for 5peoffiG p￿r[￿Se$ as laid down by the donor. Expenditure which meets
these criteria is charged to the fund. Further details are gwen in the notes to tho accourts.
1.6 Unrestri¢t•d funds
Unrestricted funds are donath)ns and other in(*)m1￿J resour￿ Teceivabla or generate{1 for the objects of the
ehgrity without fitrthèr rÉpÈ¢th•d purpts*• and ar• AVAiSAbl• Iyr g•n*r•l fvnd•.
1.7 Tanglble assets for use by the charity and depreciation
Tangible assets for use by the charity are stated at less de￿e￿at￿*n and any imp3im)ent losses.
DeP￿ClaI10n 18 provided at rates calculated to wrrte oft the cost of frAed assets. less their estsmaled reshyual
value. overlheir expected usefijl lives on the follrMrNJ bases:
Mikvah
on a straight line basis over 10 year5
Motor vehicles
on a reducing balance basis 25%
The gain or1055 ari￿n9 on a disposal of an asset is dtrtermined a5 the differen￿ bthe8n the salè proceèd$
and the carying value of the asset, and is ¢redrte(l or charyed to profft or Io&8.
Pag8 8

CHAI NETWORK
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2021
(1) Accounting policieg
1.8 Impairment of fixed assets
At each reporting end dale, the charity wews the Canying amcwnts of rts tangibk assets to Uefrrmine
whathgr there is any indieation that Ihose assets have SLEffered an impainnent loss. If any such indication
exists, the recoverable amunt of the asset is estimated in order to delerniine the extent of the impairment
loss lif any). ￿ere it is not possible to esb.mate the recoverable amount of an indNi(lual asset, the charity
estimates the recoverable amount of th8 ¢ash-generalwig unit to which the asset belongs.
1.9 Inv•stsn•nts
F¢xed asset investments afe stated al cost less prnMsNJn for diminubDn in Y￿u￿.
1.10 Cash and cash 8qulvalents
Cash and Cash equivalents inejude cash in hand, deposits held at call with banks. and bank ovÈrdrafts. Bank
overdrafts are shown wthin borrowin9s in current liabilthe5.
1.11 Critical a¢counting •stimate5 and judg•mgnts
In the application of the chantys accounting poliaès. Ihè Trustèès arè rèquirèd to makè judgemènts, èstimato$
and assumptions about the cArrying amount of assets and liabil￿e$ that are not readily appa￿nt from other
sources. The estimates and asSOfAated a55umplions are based on historical experience and other factors that
are Considereil lo be ￿leVant. Ac*ual re5utt5 may dIff￿ from these estimates.
The estimates and underlying assumpt'ons are revithyed on an ongoing basis. Revk8ions to a¢￿￿nting
estimates are recognised in the period in which the eslimate 1$ ￿￿sed Whe￿ the rewsion affects only that
period, or in the period of the revision and fiJture penods where the revision affects both current and fvlure
periods.
{21 Income from donations and legacles
2021
2020
Dgnation$
152.012
213,770
(31 In¢omo from ¢haritsbl¢ activities
2021
2020
Educational services
31,107
34,385
Pa9p 9

CHAI NETWORK
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2021
(4) Costs of charltablo athltlo¥
A¢ttvlY
Bank
and
General
charyes and
progrnmmeg admlnlstratlon Intorest
Depre¢latlon
of flxed
ass•ts
Total
2021
Total
2020
Holidays and shabbat
Youth aCtiV￿.e5 8 aluli education
Vvomen prograrns
Social and Bikur
Women's Mikvah
Council ta%
Insuran
Utilitie5
Te18phon8
Maintenan
Wages
Bank d)arges
Depreciation of Mikvah
Depreciabon of motor vehides
Travel and motor exwnses
42,345
13.689
42,345
13.689
4.365
9.435
13,300
9.370
3.586
7.912
2,860
5,463
32.407
55,577
25,371
7,645
11.335
29,751
6.746
6.343
18.324
4,35
3,385
42,746
300
34.551
13.3(Kl
9.370
7.912
32,407
24.389
4.725
24.389
4,725
7,361
181207
7,361
68,959
13,915
260,345
83,134
29.114
(S) TangibE• fix•d ass•ts for us• by th8 charlty
Buildlng
of Mlkvah
Motor
Veh5cle8
Total
Cost
At 1 Sèpt8mt*r 2020
Additions
Al 31 August 2¢y21
243,892
243,892
25,199
269,091
25.199
25.193
243,892
Depr•eiation
At I September 2(r20
Charge for the period
Dispo$al$
At 31 August 2021
140.146
24.389
140.146
29.114
4,725
164,535
4,725
169,260
Not book valu
31 August 2021
79.357
20,474
99,831
31 Auguyt 2020
103.746
103.746
(6) Inve$tmerrts
Cost. other Investments
At 1 September 2020 and 31 A￿uSt 2021
Shares
500
171 Mov•m•nts In funds
Balan¢e al
0110912020
Gift Aid
Allocatlon
Funds
nt out
alan￿ at
3110812021
In¢omo
Donation purpose
Building & Maintenan￿ of Mikvah- total
restricted fvnd5
65.165
137.6891
32,476
un￿stricted fvnd$
171,3C6
6,813
1143,5181
42,836
Total funds
73,400
176,3C
The PUTF05e of the restri¢aed tsnd is to build & maintain a Mikvah in the Cheadle area.
6,813
181,207
75,312
{81 R¢l¥ted porty and tru$te¢ tran$a¢tions
No trustees, nDr any per50n5 conneL*ed to thwn. have any wuneralion or expenses, and there have been no
related party transa¢tior6.
Pagtr 10

CHAI NETWORK
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2021
19) Stsff co$t8
2021
2020
Wages and Salaries
Social security costs
32.407
42.776
1301
32,407
42.748
AveTage number offvll time empksyeas
There werg nc employee$ wilh emoluments at￿Ye £60.000.
(10) Kgy management personnel compensation
2021
2020
Wages and salartes in total of key personnel
19,080
25,617
PaJe11