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2021-09-30-accounts

REGISTERED CHARITY NUMBER: 1114930

KEHAL YISROEL D'CHASIDEI GUR

REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021

Sugarwhite Meyer Accountants Ltd Chartered Accountants & Statutory Auditor First Floor 94 Stamford Hill London N16 6XS

KEHAL YISROEL D'CHASIDEI GUR

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021

Page
Reference and Administrative Details 1
Report of the Trustees 2 to 3
Report of the Independent Auditors 4 to 6
Statement of Financial Activities 7
Balance Sheet 8
Cash Flow Statement 9
Notes to the Cash Flow Statement 10
Notes to the Financial Statements 11 to 15

KEHAL YISROEL D'CHASIDEI GUR

REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 30 SEPTEMBER 2021

TRUSTEES M Pesach Rabbi A Sonszajn J Margulies PRINCIPAL ADDRESS 125 Craven Park Road London N15 6BP REGISTERED CHARITY 1114930 NUMBER INDEPENDENT AUDITORS Sugarwhite Meyer Accountants Ltd Chartered Accountants & Statutory Auditor First Floor 94 Stamford Hill London N16 6XS BANKERS National Westminster Bank Plc 198 Stoke Newington High Street London N16 7GA

Page 1

KEHAL YISROEL D'CHASIDEI GUR

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2021

The trustees present their report with the financial statements of the charity for the year ended 30 September 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).

REFERENCE AND ADMINISTRATIVE INFORMATION

The information is shown on page 1 of the financial statements and forms part of this report.

OBJECTIVES AND ACTIVITIES

Objective, aims and activities

The objects of the charity are - the advancement of Orthodox Jewish Education, the advancement of the Orthodox Jewish Faith and the relief of the poor, sick and feeble amongst members of the Jewish Faith in any part of the world.

The principal activity in achieving the objects is income from the operating of a voucher system, allowing donors control of their giving in an easy, manageable and tax efficient manner. Incoming resources comprise of the restricted fund, being income from gift aided donations into individual and company accounts through the voucher system and the unrestricted fund being other voluntary donations to the charity and fee income from donors to the voucher system.

The trustees confirm that they have given due regard the Charity Commission's guidance on public benefit.

Grantmaking policy

Grants on the unrestricted fund are at the the discretion of the trustees.They select institutions to be supported according to their personal knowledge of work of the institution. On the restricted fund grants are made in accordance with the wishes of the donor. Grants are made to charitable institutions and organisations which accord with the objects of the charity.

ACHIEVEMENT AND PERFORMANCE

Charitable activities

Income reduced by just over 3%, grants made during the year were materially the same as in the previous year; there was a deficit for the year. During the year grants were distributed in accordance with the objectives of the charity as shown in the attached financial statements.Charitable activities comprise donations to other charities and individuals by both donors and trustees and the operating cost of providing the service.

FINANCIAL REVIEW

Reserves policy

The charity does not have a specific reserve policy on the unrestricted fund, only that the charity can continue to run. Total reserves held were £88,091 of which £36,171 were restricted (2020 - £139,538) and comprise amounts gifted to Kehal Yisroel D'Chasidei Gur by individual and corporate donors which are held until disbursed for charitable purposes on behalf of the donor.

FUTURE PLANS

The trustees anticipate that the charity will continue on a similar basis in the foreseeable future subject to satisfactory income and there are no plans for any major changes.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Structure Governance and Management

The charity was constituted by a Trust Deed dated 22 May 2006.

It is not the intention of the trustees to appoint any new trustees. Should the situation change in the future, the trustees will apply suitable recruitment induction and training procedures.

The day to day running of the charity is delegated to an administrator.

Page 2

KEHAL YISROEL D'CHASIDEI GUR

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2021

STRUCTURE, GOVERNANCE AND MANAGEMENT

Risk management

The trustees have reviewed the major risks to which the charity is exposed and confirm that they have established systems to mitigate them.

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed 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 of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. 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.

Approved by order of the board of trustees on 28 July 2022 and signed on its behalf by:

M Pesach - Trustee

Page 3

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF KEHAL YISROEL D'CHASIDEI GUR

Opinion

We have audited the financial statements of Kehal Yisroel D'Chasidei Gur (the 'charity') for the year ended 30 September 2021 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

Page 4

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF KEHAL YISROEL D'CHASIDEI GUR

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees are responsible for the preparation of the financial statements which give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

Our responsibilities for the audit of the financial statements

We have been appointed as auditors under Section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

In performing an audit, we exercise professional judgment and maintain professional scepticism throughout the audit.

We also identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. The risk of not detecting a material misstatement resulting from fraud is higher than one for one resulting from error, as fraud may involve collusion, forgery, intentional omissions misrepresentation or override of internal control.

Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of charity's internal control.

Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about charity's ability to continue as a going concern for a reasonable period of time. We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control related matters that we identified during the audit.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Page 5

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF KEHAL YISROEL D'CHASIDEI GUR

Use of our report

This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Sugarwhite Meyer Accountants Ltd Chartered Accountants & Statutory Auditor First Floor 94 Stamford Hill London N16 6XS

28 July 2022

Page 6

KEHAL YISROEL D'CHASIDEI GUR

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2021

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
Other trading activities
3
Total
EXPENDITURE ON
Charitable activities
4
Charitable activities
NET INCOME/(EXPENDITURE)
Transfers between funds
11
Net movement in funds
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
fund
£
-
32,054
32,054
32,224
(170)
(6,565)
(6,735)
58,655
51,920		 Restricted
fund
£
1,076,537
-
1,076,537
1,127,814
(51,277)
6,565
(44,712)
80,883
36,171		 2021
Total
funds
£
1,076,537
32,054
1,108,591
1,160,038
(51,447)
-
(51,447)
139,538
88,091		 2020
Total
funds
£
1,101,806
27,981
1,129,787
1,151,661
(21,874)
-
(21,874)
161,412
139,538

The notes form part of these financial statements

Page 7

KEHAL YISROEL D'CHASIDEI GUR

BALANCE SHEET 30 SEPTEMBER 2021

Notes
CURRENT ASSETS
Debtors
8
Cash at bank
CREDITORS
Amounts falling due within one year
9
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
NET ASSETS
FUNDS
11
Unrestricted funds
Restricted funds
TOTAL FUNDS		 2021
£
4,008
86,843
90,851
(2,760)
88,091
88,091
88,091
51,920
36,171
88,091		 2020
£
5,963
136,095
142,058
(2,520)
139,538
139,538
139,538
58,655
80,883
139,538

The financial statements were approved by the Board of Trustees and authorised for issue on 28 July 2022 and were signed on its behalf by:

M Pesach - Trustee

The notes form part of these financial statements

Page 8

KEHAL YISROEL D'CHASIDEI GUR

CASH FLOW STATEMENT FOR THE YEAR ENDED 30 SEPTEMBER 2021

Notes
Cash flows from operating activities
Cash generated from operations
1
Net cash used in operating activities
Change in cash and cash equivalents
in the reporting period
Cash and cash equivalents at the
beginning of the reporting period
Cash and cash equivalents at the end
of the reporting period		 2021
£
(49,252)
(49,252)
(49,252)
136,095
86,843		 2020
£
(18,292)
(18,292)
(18,292)
154,387
136,095

The notes form part of these financial statements

Page 9

KEHAL YISROEL D'CHASIDEI GUR

NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 30 SEPTEMBER 2021

1. RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES

ACTIVITIES
Net expenditure for the reporting period (as per the Statement
of Financial Activities)
Adjustments for:
Decrease in debtors
Increase in creditors
Net cash used in operations		 2021
£
(51,447)
1,955
240
(49,252)		 2020
£
(21,874)
3,582
-
(18,292)

2. ANALYSIS OF CHANGES IN NET FUNDS

At 1.10.20 Cash flow At 30.9.21
£ £ £
Net cash
Cash at bank 136,095 (49,252) 86,843
136,095 (49,252) 86,843
Total 136,095 (49,252) 86,843

The notes form part of these financial statements

Page 10

KEHAL YISROEL D'CHASIDEI GUR

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 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.

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

Expenditure is accounted for on an accruals basis and includes any VAT which cannot be fully recovered and has been classified under headings that aggregate all cost related to the category. .

Grants are only recognised in the accounts when paid.

Support costs are those incurred to assist the work of the charity but are not direct charitable activities.

Governance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.

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.

Going concern

There are no material uncertainties about the charity's ability to continue.

2. DONATIONS AND LEGACIES

DONATIONS AND LEGACIES
2021 2020
£ £
Donations 1,076,537 1,101,806

Page 11

KEHAL YISROEL D'CHASIDEI GUR

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2021

3.
OTHER TRADING ACTIVITIES
Fee income
4.
CHARITABLE ACTIVITIES COSTS
Grant
funding of
activities
(see note
5)
£
Charitable activities
1,151,509
5.
GRANTS PAYABLE
Charitable activities
The total grants paid to institutions during the year was as follows:
Relief of poverty
Medical
Advancement of education
Advancement of religion
General purposes
Social Welfare
Shir Chesed Beis Yisroel
Amud Hatzdokoh Trust
Kollel Gur Trust
Yesamach Levav Trust
Edupoor Ltd
Gerrer Shtibel Synagogue
Support The Charity Worker
Others under £30,000
The total grants paid to individuals during the year was as follows:
Relief of poverty
Medical		 2021
£
32,054
Support
costs (see
note 6)
£
8,529
2021
£
1,151,509
2021
£
355,141
49,729
410,506
226,831
46,611
57,612
1,146,430
79,123
62,934
42,025
37,066
33,970
32,966
31,713
826,633
1,146,430
2021
£
2,549
2,530
5,079		 2020
£
27,981
Totals
£
1,160,038		 2020
£
27,981		 2020
£
27,981
2020
£
1,144,101
2020
£
332,889
40,715
450,376
107,500
202,865
-
1,134,345
2020
£
5,912
3,844
9,756

Page 12

KEHAL YISROEL D'CHASIDEI GUR

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2021

6. SUPPORT COSTS

Charitable activities
Support costs, included in the above, are as follows:
Governance costs
Auditors' remuneration
Auditors' remuneration for non audit
work		 Governance
Other
costs
Totals
£
£
£
5,769
2,760
8,529
2021
2020
Charitable
Total
activities
activities
£
£
1,260
1,260
1,500
1,260
2,760
2,520

7. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 30 September 2021 nor for the year ended 30 September 2020.

Trustees' expenses

There were no trustees' expenses paid for the year ended 30 September 2021 nor for the year ended 30 September 2020.

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Tax refunds
9.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other creditors
10.
ANALYSIS OF NET ASSETS BETWEEN FUNDS
Unrestricted
Restricted
fund
fund
£
£
Current assets
54,680
36,171
Current liabilities
(2,760)
-
51,920
36,171		 2021
£
4,008
2021
£
2,760
2021
Total
funds
£
90,851
(2,760)
88,091		 2020
£
5,963
2020
£
2,520
2020
Total
funds
£
142,058
(2,520)
139,538

Page 13

KEHAL YISROEL D'CHASIDEI GUR

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2021

11. MOVEMENT IN FUNDS

Net
At
movement
1.10.20
in funds
£
£
Unrestricted funds
General fund
58,655
(170)
Restricted funds
Restricted
80,883
(51,277)
TOTAL FUNDS
139,538
(51,447)
Net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
32,054
Restricted funds
Restricted
1,076,537
TOTAL FUNDS
1,108,591		 Transfers
between
funds
£
(6,565)
6,565
-
Resources
expended
£
(32,224)
(1,127,814)
(1,160,038)		 At
30.9.21
£
51,920
36,171
88,091
Movement
in funds
£
(170)
(51,277)
(51,447)

Comparatives for movement in funds

Unrestricted funds
General fund
Restricted funds
Restricted
TOTAL FUNDS		 At
1.10.19
£
55,305
106,107
161,412		 Net
movement
in funds
£
(1,794)
(20,080)
(21,874)		 Transfers
between
funds
£
5,144
(5,144)
-		 At
30.9.20
£
58,655
80,883
139,538

Page 14

KEHAL YISROEL D'CHASIDEI GUR

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2021

11. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Restricted
TOTAL FUNDS		 Incoming
resources
£
27,980
1,101,807
1,129,787		 Resources
expended
£
(29,774)
(1,121,887)
(1,151,661)		 Movement
in funds
£
(1,794)
(20,080)
(21,874)

12. RELATED PARTY DISCLOSURES

Kollel Gur Trust (a charity) is a related party being under the control of the same trustees, it received grants of £42,025 (2020 - £48,317) during the year under review.

Page 15