Charity No. 1113847
BETH HAMEDRASH KINGSLEY WAY TRUST TRUSTEES’ REPORT, INDEPENDENT EXAMINERS’ REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
BETH HAMEDRASH KINGSLEY WAY TRUST TRUSTEES’ REPORT, INDEPENDENT EXAMINERS’ REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
CONTENTS
| Page | |
|---|---|
| Contents Page | 1 |
| Legal and Administrative Information | 2 |
| Trustees’ Report | 3 - 5 |
| Independent Examiner’s Report | 6 |
| Receipts and Payments Account | 7 |
| Statement of Assets and Liabilities |
8 |
| Notes to the Accounts | 9 |
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BETH HAMEDRASH KINGSLEY WAY TRUST TRUSTEES’ REPORT, INDEPENDENT EXAMINERS’ REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Mr E Lazar Esq Mr J S Travers Esq Mr A K Fehler Esq
Charity Registered Number
1113847
Principal Office
7 St Georges Road London NW11 0LU
Independent Examiner
Mr D Lipkin 74 Oakwood Road London NW11 6RN
Bankers
Natwest Plc 250 Bishopsgate, London EC2M 4AA
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BETH HAMEDRASH KINGSLEY WAY TRUST TRUSTEES’ REPORT, INDEPENDENT EXAMINERS’ REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
TRUSTEES’ REPORT
The Trustees submit their annual report and financial statements of The Beth Hamedrash Kingsley Way Trust for the year ended 31 August 2024. The Trustees confirm that the annual report and financial statements of the charity comply with current statutory requirements, the requirements of the charity’s governing document and the provisions of the Charities Act 2011.
Method of appointment or election of Trustees
The management of the charity is the responsibility of the Trustees who are elected and coopted under the terms of the Trust deed which has vested the power to appoint new or additional Trustees with the existing Trustees.
Constitution policies and objectives
The charity is constituted under a Trust Deed dated 5 March 2006 and was registered as a charity on 21 April 2006 The charity’s registered number is 1113847.
The principal objectives of the charity are to raise funds via gift aid and covenants and to use these funds:
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for the advancement of the Orthodox Jewish religion and Orthodox Jewish education;
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• to support and maintain the Synagogue; and
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to engage in any charitable activities ancillary to the above objectives, as long as they qualify as objects of the charity.
These objectives have been achieved as a result of the donations received during the year.
There have been no changes in the objectives of the charity during the current year.
Organisational structure and decision making
The management of the charity is the responsibility of the Trustees who act under the terms of the Trust Deed.
The number of Trustees must never be below three or more than five. The Trustees must meet at least once a year.
The Trustees who served during the year are set out on page 2.
The Trustees have made decisions in accordance with the furtherance of the objectives detailed above.
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BETH HAMEDRASH KINGSLEY WAY TRUST TRUSTEES’ REPORT, INDEPENDENT EXAMINERS’ REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
TRUSTEES’ REPORT continued
Policies and objectives
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the charity commission relating to public benefit and that the charity meets these objectives.
Activities for achieving objectives
The Trustees during the year collected donations from individuals, companies and other trusts in order to achieve the objectives of the charity.
Grant making policies
The Trust Deed governs the Trustees’ powers. Grants are made at the discretion of the Trustees and in accordance with the principal objectives of the charity.
Review of activities and future developments
During the year donations of £47,146 (2023: £64,870) excluding any tax reclaim, were received. Gift aid reclaims of £3,188 (2023: £3,290) were received and £5,807 (2023: £6,243) was received in respect of Burial fees. Resources expended of £64,068 (2023: £79,111) was paid. Of this, £53,378 (2023: £65,910) was spent on events and expenditure held at the Synagogue in furtherance of the charity’s objectives and £6,290 (2023: £6,261) was paid out in respect of Burial fees and £4,400 (2023: £6,940) was paid out in grants in furtherance of the charity’s objectives.
The Trustees are satisfied with the results and activities during the year and do not anticipate any significant changes in the forthcoming year.
Reserves Policy
It is the policy of the charity to maintain unrestricted funds at a level sufficient to cover management and administration costs.
Investment Policy and Performance
The Trust Deed permits the charity’s funds to be invested in securities or properties of any kind. During the year, the charity’s funds were held in a bank account that left the funds easily accessible to make use of the money to fulfil the charity’s objectives.
Risk management
The Trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the charity, and are satisfied that systems are in place to mitigate exposure to the major risks.
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BETH HAMEDRASH KINGSLEY WAY TRUST TRUSTEES’ REPORT, INDEPENDENT EXAMINERS’ REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
TRUSTEES’ REPORT continued
Trustees’ powers
The Trust Deed governs the Trustees’ powers which include the following: construct, maintain improve or alter buildings or works on land comprised in the Trust Fund; sell, lease, demise, let license and generally manage and deal with any land or buildings; to borrow money subject to consents as may be required by law on such terms as to interest repayment; to employ any person firm or company not being a Trustee to manage or assist in managing the day to day running of the Charity.
Funds held as custodian
The Charity does not hold any funds as custodian.
Trustees’ responsibilities
The law applicable to charities in England and Wales 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 charity and the incoming resources and application of resources of the charity for that period. In preparing those financial statements, the Trustees are required to:
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select suitable accounting policies and then apply them consistently;
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make judgements and estimates that are reasonable and prudent;
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prepare the financial statements on a going concern basis (unless it is inappropriate to presume that the charity will continue in operation).
The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
This report was approved by the Trustees on 23 June 2025 and signed on its behalf by:
J Travers, Esq Trustee
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BETH HAMEDRASH KINGSLEY WAY TRUST TRUSTEES’ REPORT, INDEPENDENT EXAMINERS’ REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES
I report on the financial statements of the Trust for the year ended 31 August 2024 as set out on pages 7 to 9.
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is my responsibility to:
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examine the accounts under section 145 of the 2011 Act;
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to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
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to state whether particular matters have come to my attention.
Basis of independent examiner's report
My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
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(1) which gives me reasonable cause to believe that in any material respect the requirements:
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to keep accounting records in accordance with section 130 of the 2011 Act; and
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to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met; or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Date: 23 June 2025
Mr D Lipkin 74 Oakwood Road London, NW11 6RN
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BETH HAMEDRASH KINGSLEY WAY TRUST TRUSTEES’ REPORT, INDEPENDENT EXAMINERS’ REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
STATEMENT OF FINANCIAL ACTIVITIES
(Incorporating Income and Expenditure Account)
| Notes INCOME RECEIVED Donations and membership fees Gift aid Burial fees receipts Government grants - security Gross interest OTHER INCOME Monies received in advance TOTAL INCOME CHARITABLE ACTIVITIES ADMINISTRATIVE EXPENSES PAYMENTS Salaries and NI Social events Repairs and maintenance Zoom Insurance Rent Bible readers Security Sundries Burial fees payments Grants made TOTAL PAYMENTS NET RECEIPTS/(PAYMENTS) TOTAL FUNDS BROUGHT FORWARD TOTAL FUNDS CARRIED FORWARD |
2024 2023 £ £ 47,146 64,870 3,188 3,290 5,807 6,243 5,790 4,840 115 72 62,046 79,315 - - 62,046 79,315 - - 11,040 11,816 22,671 33,754 3,101 5,032 - 77 500 500 6,188 5,978 3,726 3,340 6,106 5,403 46 10 6,290 6,261 4,400 6,940 64,068 79,111 (2,022) 204 14,608 14,404 £ 12,586 £ 14,608 |
|---|---|
The statement of financial activities includes all gains and losses realised in the period. All incoming and resources expended derive from continuing activities. The notes on page 9 form part of these financial statements.
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BETH HAMEDRASH KINGSLEY WAY TRUST TRUSTEES’ REPORT, INDEPENDENT EXAMINERS’ REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
STATEMENT OF ASSETS AND LIABILITIES
| Notes CURRENT ASSETS CASH FUNDS Cash at bank and in hand ASSETS RETAINED FOR CHARITY'S OWN USE Torah Scrolls Other assets TOTAL ASSETS CURRENT LIABILITIES CREDITORS AND ACCRUALS LESS THAN ONE YEAR Sundry creditors TOTAL LIABILITIES Approved for and on behalf of the Trustees by: J Travers Esq |
2024 2023 12,586 14,608 - 80,000 80,000 1,000 1,000 93,586 £ 95,608 £ - - - £ - £ Date: 23 June 2025 |
2023 14,608 - 80,000 1,000 |
|---|---|---|
| 95,608 £ |
||
| - | ||
| - £ |
J Travers Esq
The notes on page 9 form part of these financial statements.
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Commercial in Confidence
BETH HAMEDRASH KINGSLEY WAY TRUST TRUSTEES’ REPORT, INDEPENDENT EXAMINERS’ REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
NOTES TO THE FINANCIAL STATEMENTS
1 ACCOUNTING POLICIES
Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention. The financial statements have been prepared on a receipts and payments basis and applicable accounting standards.
Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
Incoming resources
Incoming resources represents donations received together with the gift aid reclaimable relating to certain donations and income from membership fees. All income is accounted for on a receipts basis.
Resources expended
All expenditure is accounted for on a payments basis and has been included under expense categories that aggregate all costs for allocation to activities.
2 TRUSTEES’ EMOLUMENTS
During the year, no trustees received any remuneration, benefits in kind or reimbursement of expenses.
3 GRANTS PAID IN YEAR
Yeshiva Gedola Lubavitch - £3,500 Other grants - £900
4 SUMMARY OF FUNDS
Brought Incoming Resources Carried Forward Resources Expended Forward
General fund £ 14,608 £ 62,046 (£64,068) £ 12,586
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