Kahal ChassAdim Lubavitch Manchester Cbsirity Dumbcr 1101651 Kahal Chassidinj Lubavitch Manchester Trustees, report and lln-audited financial statements for the year ended 30 April 2024 H J Pfnczewski & Co. Chartered Certified Accountants Rico House George Street Upper Floor Prth]ch, Manchester M25 9WS
Kahal Chassidim Lubavitch Mallchester Charity inf0rn14tion Date of registration 21 January 2004 Trustees Max Cohen Rabbi Anthony Jaffc Philip Pink Moshe Cohen Independcnt examincr H J Pinczcwski & Co. Chartered Ccrtificd Accountants Rico House George Street Upper Floor Prestwich, Manchester M25 9WS Charity address Lubavitch Manchester 62 Singleton Road Salford Manchester M7 4LU Bankers Barclays Bank plc Leicest¢r LE87 2BB Royal Bank of Scotland PLC 18 Bury Old Road Manchestcr M8 7JN Virgin Money 48 -50 Market Street Manchester Ml IPW
Kahal Cbassidim Lubavitch Mancbester Contents Page Tiustees report Independent examiner's report Balance shcct Income and expenditure account Notes to the financial ststements
Kahal Chassidim Lubavitch Manchester Trustees Annual Re ort for the ear endin 30° A ri12025 Kahdl Ch&ssidim Lubavitch ManchcsteT is a clwity constituted by I)eed of TTh and is a registered charity numbcr 1101651. The address ot.the charity is 62, Singleton Roa¢ Salford M74LU The organisation is a Synagogue which is involved with pmviding facilities for prayer meetings and educational programmes. It also helps the community and others with fmancial 5151a¢e wherever needed - primarily brides, the poor and the sick. Money is raised by subscription4 donations and grants. Tlic TTUStees are . Max Cohen Moshe Cnhen AJJaffe P PiDk S.IL Wrib The tru3tccs mect regul<lY to consider what grants to make and to review any feedback. If any areas of distribution need upgTading, the trustees ask expert advice ,to ensure that their systems are working adequately. During the. year the Trust bas becn able to contiuu¢ its support for needy people, and to n]n the programjnes on a satisfactory basis For and behalf of th¢ Trustee M. Cohen
Kahal Chassidim Lubavitch Manchester Independent examiner's re.port to the trustccs on the Un-féudited financial statements of Kahal Ch&ssidim Lubavitch Manchester I report to the trustrcs on my examination of the financial statements of Kahal Chassidim Lubavitch for the year ended 3n April 2024 set out on pascs 2 to 7. Respective responsibiIities of the trustees and examiner The charity's trustees are responsible for the preparation of the accounts in accordance with the reauirements of the Charities Act 2011 ('the Act,). The charity's trustees consider that an audit is not required for this year under %ection 144 of the Act and that an ind¢pcndcnt cxamiiiatioIi is needed. I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and iii u(ryIng oui my examination I have tollowed all the applicable Dir¢ctions given by the Chartty Conllnission under section 145(5)(b) of the Act. Independent examiner's statement The Charity's gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of the Association of Chartered Certified Accountants. I have completed my examination. I confTh that no material rnatters have come to my attention in connection with the examination which gives me cause to believe that in any material respect: l.the accounting records were not kept in respect of the trust as required by section 130 of the 2. the accounts do not accord with those records. or 3. thc accounts do not comply with the applicable requirements concerning the form and content of accounts qet nut in the. C.h2ritieg (Aceounts and Reports) R¢gulation3 2008 othcr than any requirement that the accounts give a 'true and fatr, view which is not a matter considered iq part of an independent exatnknation. 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 b¢ reach¢d. H J Pinczewski & Co. 16 February 2025 Rieo House George Street Upper Floor Chartered Certified Accountants Prestwich, Manchester M25 9WS Page I
Kahal Chassidim Lubavitch Manchester Balance sheet s at 30 April 2024 2024 2023 Notes Fixed assets: Tangible assets 1,091277 1.032,383 Current assets: Debtors Cash at bank and in hand 7,064 71,080 17,577 77.946 78,144 Liabilities: Creditors: amounts falling due Trvithin one year 95,523 (23215) (14,652) Net current assets 54,929 80,871 Tot21 net assets 1,146206 1.113.254 The funds ofthe charity: Restricted Income Funds ReTrraluation R¢s¢rve Unrestricted Funds 407,716 738,490 407,716 705,538 Total charity funds 1,146206 In approving thcse financial statements as trustees of the clwity we hereby confirni: 1.113,254 (a) that for the year stated above the charity was entitled to the excmption conferred by sectiou 144(2) of The Charities Act 2011: (b) that no notice has been deposited at th¢ Chlty office requesting that an audit be conducted for th¢ year ended 30 April 2024 and (c) th2t we acknowled8e our responsibilities for." (l ) ensuring that the charity keeps accounting records which comply with section 130 of The Charities Act, (2) preparing financial statements which accord with the accounting records and comply with tlie requir¥tncn15 of The Charitics Act. The financial statements were approved by the trustees on 16 February 202.5 2nd signed on its behalf by Max Cohen Rabbi Anthony J The notes on pages 4 to 7 forni an integral part of these fillallcigl statements. Page 2
Kah91 Chassidim LubaTritch Mancbester Detailed st2teme.nt of finydncial aetiviti for the year ended 30 April 2024 2024 InGome Tesources Incoming resources from generated fund Voluntsry income unrestricted Donations and legacies received Charidy campaign SubscrÈptions Camp fees Hall hire fees Mikveh fees Use of faciliries Gift aid Deposit account intere8t 2023 192,089 3,627 17,547 188,540 34J23 4,738 18,803 3,756 182 245,609 5,706 13,763 168,490 28,982 8,179 9,590 67 Total voluntary income- unrestricted Voluntary income restricted funds Weddtng collections Needy families collections Camp and educational grants Grants rec¢ived Security grants Designated contributions Sefer Torah Bequcst Total voluntary funds-restricted 463 ,805 480,586 4JOO 2,450 14,508 23,860 4,178 2,500 4,S21 9,100 1,707 24,893 3,235 16,670 4,734 56J17 60.339 Total incoming and endowqncnts 520,122 540,925 Expenditure expended on Charitable activities Cliaritable activitics Wedding grants Grants to needy families Activity sponsorship Desigiiattd sponsorships Camp activities Coach hire and entrance fees Camp and educational grants Sefer Torah F'unding 4JOO 2,450 30,963 2,500 71,018 74,533 3594 421 9,100 1,707 34,898 16,670 62,174 77,128 1,717 4,734 193,879 208,128 Expenditure on raising funds Cal¢Ting Books and periodicals Advertising 79,136 969 4,571 56,327 2,258 4,895 84,676 63,480 Tvliil 1¢50urc¢s cxp¢nded Net Incoming r¢sourc¢s (278.555) (271,608) 269,317 241,567 Page 3A
Kahal Chassidim Lubayitch MaMLhester Detailed statement of financial activities for the year ended 30 April 2024 2024 2023 Net Incoming resources 241567 269,317 Expenditurc on Charitable a¥livities {208,615) 32,952 (173.248) 96,069 Net movemenl of funds for tbe year Governance costs for the year end¢d 30 April 2024 2024 2023 ETPell(lilur¢ vn Charltable activities Warres <wd salu?'ies Stafl Pension =ontributions Ilenl and rates Insiirancc LiyJ)t ind b.eat SecL?rity costs RFpairs and maintenaicc Piinting, postage and stationery Carriagc T¢l¢plkone Compuier costs Hire of eqiiipynent Ti'avelling ProfL'qsional fees Bank charRes c.leaning General expenses Subsciiptioiis Depreciation on Sitrei Torah and accessories Depreciation on fixtiires and equipment 21J60 245 26 J4i 4,651 30,108 9,02; 31,851 4,187 2,136 1,170 132 696 34,445 120 339 28,714 412 120 1,904 10,655 18,772 19 22,952 1.903 36,036 6,718 18,983 1,265 1,785 28.596 150 501 23,801 1,373 10,194 208,615 173.248 Page 3B
Kahal Chassidim Lubaviteh Monchester Accounting framework and accouDtiDg policies 1.1 The financial statein¢n(s have been prepared under the Charities Act 2011 in accordance with Accnllnting and Reporting by Charities: Statement of Recommended Practice (SORP) applicable to charities preparing their accnunts in aecordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2015) _ (the Charities SORP (FRS 102). and in accordance with 'rue and fair override" provisions. 1.2 Public benefit entity The Kahal Chassidim Lubavitch Manchester meets the definition of a public benefit entity under FRS 102. Assets and liabilities are recognised at historical cost unless otherwis¢ stated in the relevant accounting policy not¢s klow. 1.3 Basis The accounts have been prepared on the basis of historical cost except that investments are shown at tli¢ir Ill£k¢t value at the end of the year. on the acclS basis to show a true and fair view of the Charity's fmancial position and activities. 1.4 Content The fin1ClaI iiifurni<ition presented is relevanL reliable, comparable and complete. Where estimates are used these ar¢ based on experience, r¢search and judgement. The accounts e expressed in £SterlinE, rounded to the nearest pound. 1.5 Going concern Bascd on the monetary asscts la liutliin rcsources available at 30 April 2024, the trustees believe that the charity is a going concern. 1.6 Income recognition Income is brought into account when it is more likely than not that the economic benefit of th¢ incomc will accruc to the chatity. No dll¢inpl is tnade 10 measure the value of services donated by volunteers. 1.7 Expenditure This is rccognised whcn a Iiability is incurred, or a constructive obligation arises, that results in the payment being unavoidable. Liabilities are recognised as soon as an oufflow of economic benefit is considered more likely than not under the legal or constructive obligation committing the charity to pay out resources. 1.8 Grants Grants are recognised in full when the award is made once the charity accepts that there is a legal or constructive obligation to make the payment and that such payment is probable. 1.9 VAT The charity is not VAT Tegistcred, all input tsK is clicwg¢d with the expenses to which it refers. Pag¢ 4
Kahgl Cbg8sidim LubaTrrytch MallLbester 1.10 Tangible fixed assets and depreciation These are capitalised if they can be used for more than one year, and individually cost at least £500. The freehold propety is shown in the accounts at valuation. No depreciation is provided on the building because th¢ trustees consider the current residual fair value of th¢ building (on the assumption that it hAs reached the end of its us¢ful econoniic lif¥ by the year-end) to be not less than the valuation to date. The propety h&5 been reviewed for impaimient. Depreciation is provided at rates calculated to write off th¢ wst less Ksidual value of each asset over its expected us¢ful lif¢, as follows: Sifrei Torah and accessories Fixtures, firtings and cquipiiiciit straight line over 100 years 10 /0 reducing balance The charity has a policy of continually maintaining the Sifrei Torah and its accessories which greatly increases their estimated useful lrfe. The depreciation Tat¢ will be reviewed annually in accordance with this policy. 1.11 Investments Fixed asset investments are stated at its current market value. Investment incom¢ is recorded when receivable. 1.12 Receivables 2nd Payables. Bank and Cash Debtors are stated at thc amounts owed to the charity or prepaid. Creditors are recognised at 5ettlemeni amount after discounts or amount advanced to the charity. The liquid funds of bank balances and deposit account balances are shown at the realisable value Page 5
Kghal Chassidim Lubavilch Manchester Land and Sifrei Torah Fixtures, buildings and rItting$ freehold accessories equipment Tangible fixed assets Total Cost At l May 2023 Additions 874,096 3A04 137042 53.151 128,786 1,140224 14.798 At 30 April 2024 7,600 190,493 143,584 1211,677 Depreclation At l May 2023 Charge for the year At 30 April 2024 70,800 1,904 37,041 10,655 107,841 12 J59 72,704 47,696 120,400 Net book value At 30 April 2024 877.600 117,789 Y5,111111 1,091277 At 30 April 2023 874,096 66,542 91,745 1,032,383 Debtors: 2024 2023 Funds received after the financial year relating to the current year Other debtors Pr¢p<iymenis and accrued income 9.196 1,108 2200 9.196 8,381 7,064 17,577 Creditors: amounts falling duc within one year 2024 2023 Camp fees received in AdvAnce Trade Creditors Other taxes and social security costs Other creditors Accruols and dcferra inwme Pension contributions 17&00 8,250 1,500 65 1,156 3,630 3,664 2,000 51 23215 14,652 Page 6
KahAI Chassadim Lubydvitch MaDcheslvr Reconciliation of funds Generated Unrealised funds profits market aecount value adjustments Totsl Totsl funds brou%ht forward At l May 2023 705,538 407,716 1,113,254 Net movement of funds for unrestricted income in the year 32,952 32,952 Total funds carried forward At 30 April 2024 738,490 407,716 1,146206 Related Parties There are no related party transactions which requir¢ disclosure. Non¢ of the trustees have been paid any remuneration or received any other benefits from employment yiith the charity or relat¢d entity. No trustees, expenw have been incurred. Emoluments No employees received any emoluments of more than £60.000. Page 7