REGISTERED CHARITY NUMBER: 1097017
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
FOR
CHAVERIM YOUTH ORGANISATION
Venitt and Greaves Chartered Accountants 115 Craven Park Road South Tottenham London N15 6BL
CHAVERIM YOUTH ORGANISATION
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
| Page | |||
|---|---|---|---|
| Reference and Administrative Details | 1 | ||
| Report of the Trustees | 2 | to | 3 |
| Independent Examiner's Report | 4 | ||
| Statement of Financial Activities | 5 | ||
| Statement of Financial Position | 6 | ||
| Notes to the Financial Statements | 7 | to | 12 |
CHAVERIM YOUTH ORGANISATION
REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 DECEMBER 2021
TRUSTEES Mr. R D Green Rabbi C M Biberfeld Mr. A A Bendahan PRINCIPAL ADDRESS 2A Highfield Avenue London NW11 9ET REGISTERED CHARITY 1097017 NUMBER INDEPENDENT EXAMINER Venitt and Greaves Chartered Accountants 115 Craven Park Road South Tottenham London N15 6BL
Page 1
CHAVERIM YOUTH ORGANISATION
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021
The trustees present their report with the financial statements of the charity for the year ended 31 December 2021. 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).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The charity is established to promote the advancement of education, and in particular amongst the Jewish children under the age of eighteen in the United Kingdom so as to;
-
Provide curricula and supplementary education programmes for young people;
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Provide vocational educational support to young people;
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Provide a range of recreational, social, sporting and artistic programmes for young people.
Public benefit
The trustees confirm their compliance with the duty to have due regard to the public benefit guidance published by the Charity Commission when reviewing the Charity's aims and objectives and in planning future activities.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
During the year, Chaverim provided a range of programmes to young people. This included Leadership training, Mentoring & Befriending programmes, after school recreational programmes, summer and winter residential programmes as well as the regular sporting programmes and counselling opportunities for our young people. The residential programmes give the young people the opportunity to develop their independence and self confidence in a fun and friendly way.
Our numbers have stayed the same at 1,300 young people taking advantage of what we offer. As well as our education support programmes which help young people to stay in full time education and supports them through their exam periods to improve their grades, the charity also continues its work around the 16-18 year old group by getting them more involved and offering wider opportunities both in education and sports for these young people.
All the programmes are lead by very experienced staff and volunteers and young leaders who have come off our leadership training programme.
In total more than 1,000 children are members of our organisation and attend the programmes on a regular basis.
The Yachad Supplementary School programme continued throughout the year offering classes to young people in out of school hours and we started our new after school Achim Programme.
Overall the charity continues to gain from a big volunteering input and has managed to widen its focus despite the economic downfall. We are proud in having involved so many young people in our programmes which has been down to the success of the charity work.
FINANCIAL REVIEW
Reserves policy
It is the policy of the charity to maintain unrestricted funds, which are the free reserve of the charity, at a level which the Trustees think appropriate considering the future commitments of the charity and the likely administrative costs of the charity next year.
During the period under review the charity received generous donations and grants amounting to £196,840 (2020: £76,522).
As at 31 December 2021, the charity's unrestricted funds were in surplus by £42,823 (2020: £3,714) and the charity's restricted funds were in surplus by £2,212 (2020: £16,616).
FUTURE PLANS
There are no current plans to change the activities or modus operandi in the foreseeable future.
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CHAVERIM YOUTH ORGANISATION
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
Chaverim Youth Organisation is constituted and governed by a Trust Deed dated 21 February 2003 and is an unincorporated charity registered with the Charity Commission (Registration No. 1097017).
The day to day affairs of the charity are administered by the Board of Trustees.
Recruitment and appointment of new trustees
It is not currently the intention of the trustees of the charity to appoint new trustees. Should the situation change in the future, the trustees will apply suitable recruitment and training procedures.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
It is recognised that systems can only provide reasonable but not absolute assurance that major risks have been adequately managed.
Approved by order of the board of trustees on 4 October 2022 and signed on its behalf by:
Rabbi C M Biberfeld - Trustee
Page 3
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CHAVERIM YOUTH ORGANISATION
Independent examiner's report to the trustees of CHAVERIM YOUTH ORGANISATION
I report to the charity trustees on my examination of the accounts of CHAVERIM YOUTH ORGANISATION (the Trust) for the year ended 31 December 2021.
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.
M. A. VENITT ACA Venitt and Greaves Chartered Accountants 115 Craven Park Road South Tottenham London N15 6BL
4 October 2022
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CHAVERIM YOUTH ORGANISATION
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 39,922 Charitable activities Recreational, sports and residential activities 48,273 Total 88,195 EXPENDITURE ON Charitable activities Recreational, sports and residential activities 49,086 Other - Total 49,086 NET INCOME/(EXPENDITURE) 39,109 RECONCILIATION OF FUNDS Total funds brought forward 3,714 TOTAL FUNDS CARRIED FORWARD 42,823 |
Restricted funds £ 108,645 - 108,645 123,049 - 123,049 (14,404) 16,616 2,212 |
31.12.21 31.12.20 Total Total funds funds £ £ 148,567 75,526 48,273 996 196,840 76,522 172,135 63,173 - 1,560 172,135 64,733 24,705 11,789 20,330 8,541 45,035 20,330 |
31.12.21 31.12.20 Total Total funds funds £ £ 148,567 75,526 48,273 996 196,840 76,522 172,135 63,173 - 1,560 172,135 64,733 24,705 11,789 20,330 8,541 45,035 20,330 |
|---|---|---|---|
| 76,522 | |||
| 63,173 1,560 |
|||
| 64,733 | |||
| 11,789 8,541 |
|||
| 20,330 |
The notes form part of these financial statements
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CHAVERIM YOUTH ORGANISATION
STATEMENT OF FINANCIAL POSITION 31 DECEMBER 2021
| 31.12.21 | 31.12.20 | ||
|---|---|---|---|
| Notes | £ | £ | |
| FIXED ASSETS | |||
| Tangible assets | 7 | 4,938 | 2,621 |
| CURRENT ASSETS | |||
| Cash at bank | 52,049 | 43,407 | |
| CREDITORS | |||
| Amounts falling due within one year | 8 | (11,952) | (25,698) |
| NET CURRENT ASSETS | 40,097 | 17,709 | |
| TOTAL ASSETS LESS CURRENT | |||
| LIABILITIES | 45,035 | 20,330 | |
| NET ASSETS | 45,035 | 20,330 | |
| FUNDS | 11 | ||
| Unrestricted funds | 42,823 | 3,714 | |
| Restricted funds | 2,212 | 16,616 | |
| TOTAL FUNDS | 45,035 | 20,330 |
The financial statements were approved by the Board of Trustees and authorised for issue on 4 October 2022 and were signed on its behalf by:
Rabbi C M Biberfeld - Trustee
The notes form part of these financial statements
Page 6
CHAVERIM YOUTH ORGANISATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
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.
Financial reporting standard 102 - reduced disclosure exemptions
The charity has taken advantage of the following disclosure exemptions 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.
Governance costs
Governance costs are associated with the governance arrangements of the charity and relate to the general running of the charity. These costs include audit, legal advice for Trustees and costs associated with meeting constitutional and statutory requirements such as the cost of Trustee meetings and the preparation of the statutory accounts.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance Motor vehicles - 25% on cost
Tangible fixed assets are carried at cost, net of depreciation and any provision for impairment.
Taxation
The charity is exempt from 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.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
continued...
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CHAVERIM YOUTH ORGANISATION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021
2. DONATIONS AND LEGACIES
| 31.12.21 £ Donations 39,921 Grants 108,646 148,567 Grants received, included in the above, are as follows: 31.12.21 £ CST Government Grant 23,396 Jack Petchey Foundation 3,250 Summer & Winter Camps 52,000 Others 25,500 The Childrens Aid Committee Fund 4,500 108,646 SUPPORT COSTS Governance Management Finance costs £ £ £ Recreational, sports and residential activities 3,584 209 1,560 |
31.12.20 £ 11,090 64,436 |
|---|---|
| 75,526 | |
| 31.12.20 £ 2,916 2,250 46,000 5,220 8,050 |
|
| 64,436 | |
| Totals £ 5,353 |
3. SUPPORT COSTS
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2021 nor for the year ended 31 December 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2021 nor for the year ended 31 December 2020.
5. STAFF COSTS
The average monthly number of employees during the year was as follows:
| 31.12.21 | 31.12.20 | |
|---|---|---|
| Volunteers | 60 | 50 |
No employees received emoluments in excess of £60,000.
continued...
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CHAVERIM YOUTH ORGANISATION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021
| 6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund £ INCOME AND ENDOWMENTS FROM Donations and legacies 15,090 Charitable activities Recreational, sports and residential activities 996 Total 16,086 EXPENDITURE ON Charitable activities Recreational, sports and residential activities 19,326 Other 1,560 Total 20,886 NET INCOME/(EXPENDITURE) (4,800) RECONCILIATION OF FUNDS Total funds brought forward 8,514 TOTAL FUNDS CARRIED FORWARD 3,714 7. TANGIBLE FIXED ASSETS Plant and machinery £ COST At 1 January 2021 39,710 Additions - At 31 December 2021 39,710 DEPRECIATION At 1 January 2021 37,089 Charge for year 865 At 31 December 2021 37,954 NET BOOK VALUE At 31 December 2021 1,756 At 31 December 2020 2,621 |
Restricted funds £ 60,436 - 60,436 43,847 - 43,847 16,589 27 16,616 Motor vehicles £ 3,300 4,750 8,050 3,300 1,568 4,868 3,182 - |
Total funds £ 75,526 996 76,522 63,173 1,560 64,733 11,789 8,541 20,330 Totals £ 43,010 4,750 47,760 40,389 2,433 42,822 4,938 2,621 |
Total funds £ 75,526 996 |
|---|---|---|---|
| 76,522 | |||
| 63,173 1,560 |
|||
| 64,733 | |||
| 11,789 8,541 |
|||
| 20,330 |
continued...
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CHAVERIM YOUTH ORGANISATION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021
8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 31.12.21 | 31.12.20 | |
|---|---|---|
| £ | £ | |
| Bank loans and overdrafts (see note 9) | 9,233 | 23,099 |
| Other creditors | 2,719 | 2,599 |
| 11,952 | 25,698 |
9. LOANS
An analysis of the maturity of loans is given below:
| 31.12.21 | 31.12.20 | ||||||
|---|---|---|---|---|---|---|---|
| £ | £ | ||||||
| Amounts falling due within one year on demand: | |||||||
| Bank overdrafts | 9,233 | 23,099 | |||||
| 10. | ANALYSIS OF NET ASSETS BETWEEN FUNDS | ||||||
| 31.12.21 | 31.12.20 | ||||||
| Unrestricted | Restricted | Total | Total | ||||
| fund | funds | funds | funds | ||||
| £ | £ | £ | £ | ||||
| Fixed assets | 4,938 | - | 4,938 | 2,621 | |||
| Current assets | 40,604 | 11,445 | 52,049 | 43,407 | |||
| Current liabilities | (2,719) | (9,233) | (11,952) | (25,698) | |||
| 42,823 | 2,212 | 45,035 | 20,330 | ||||
| 11. | MOVEMENT IN FUNDS | ||||||
| Net | |||||||
| movement | At | ||||||
| At 1.1.21 | in funds | 31.12.21 | |||||
| £ | £ | £ | |||||
| Unrestricted funds | |||||||
| General fund | 3,714 | 39,109 | 42,823 | ||||
| Restricted funds | |||||||
| Restricted Fund | 16,616 | (14,404) | 2,212 | ||||
| TOTAL FUNDS | 20,330 | 24,705 | 45,035 |
continued...
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CHAVERIM YOUTH ORGANISATION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021
11. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Incoming resources £ Unrestricted funds General fund 88,195 Restricted funds Restricted Fund 108,645 TOTAL FUNDS 196,840 Comparatives for movement in funds At 1.1.20 £ Unrestricted funds General fund 8,514 Restricted funds Restricted Fund 27 TOTAL FUNDS 8,541 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 16,086 Restricted funds Restricted Fund 60,436 TOTAL FUNDS 76,522 |
Resources Movement expended in funds £ £ (49,086) 39,109 (123,049) (14,404) (172,135) 24,705 Net movement At in funds 31.12.20 £ £ (4,800) 3,714 16,589 16,616 11,789 20,330 Resources Movement expended in funds £ £ (20,886) (4,800) (43,847) 16,589 (64,733) 11,789 |
|---|---|
continued...
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CHAVERIM YOUTH ORGANISATION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021
11. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.1.20 | in funds | 31.12.21 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 8,514 | 34,309 | 42,823 |
| Restricted funds | |||
| Restricted Fund | 27 | 2,185 | 2,212 |
| TOTAL FUNDS | 8,541 | 36,494 | 45,035 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Restricted Fund TOTAL FUNDS |
Incoming resources £ 104,281 169,081 273,362 |
Resources Movement expended in funds £ £ (69,972) 34,309 (166,896) 2,185 (236,868) 36,494 |
Resources Movement expended in funds £ £ (69,972) 34,309 (166,896) 2,185 (236,868) 36,494 |
|---|---|---|---|
| 36,494 |
12. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2021.
Page 12