**REGISTERED CHARITY NUMBER: 1114930**
## **KEHAL YISROEL D'CHASIDEI GUR**
**REPORT OF THE TRUSTEES AND**
**FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024**
Sugarwhite Meyer Accountants Ltd First Floor 94 Stamford Hill London N16 6XS
**KEHAL YISROEL D'CHASIDEI GUR**
## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024**
|||**Page**||
|---|---|---|---|
|**Reference and Administrative Details**||1||
|**Report of the Trustees**|2|to|3|
|**Independent Examiner's Report**||4||
|**Statement of Financial Activities**||5||
|**Balance Sheet**||6||
|**Cash Flow Statement**||7||
|**Notes to the Cash Flow Statement**||8||
|**Notes to the Financial Statements**|9|to|13|
**KEHAL YISROEL D'CHASIDEI GUR**
## **REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 30 SEPTEMBER 2024**
## **TRUSTEES**
**TRUSTEES** M Pesach J Margulies H Pesach **PRINCIPAL ADDRESS** 125 Craven Park Road London N15 6BP **REGISTERED CHARITY** 1114930 **NUMBER INDEPENDENT EXAMINER** Sugarwhite Meyer Accountants Ltd 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 2024**
The trustees present their report with the financial statements of the charity for the year ended 30 September 2024. 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 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**
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. Checks are undertaken to ensure the recipient's objectives are both charitable and in line with the objectives of the Charity,
## **ACHIEVEMENT AND PERFORMANCE**
## **Charitable activities**
In the year under review there was an decrease in donations received and grantmaking of about 25% .This left 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 £88,793 (2023 - £86,091) of which £39,619 were restricted (2023 - £31,000) 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.
## **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.
Page 2
## **KEHAL YISROEL D'CHASIDEI GUR**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2024**
## **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
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charity SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
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 2025 and signed on its behalf by:
M Pesach - Trustee
Page 3
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF KEHAL YISROEL D'CHASIDEI GUR**
## **Independent examiner's report to the trustees of Kehal Yisroel D'Chasidei Gur**
I report to the charity trustees on my examination of the accounts of Kehal Yisroel D'Chasidei Gur (the Trust) for the year ended 30 September 2024.
## **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**
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
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:
1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
2. the accounts do not accord with those records; or
3. 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.
E Meyer FCA BSc
Sugarwhite Meyer Accountants Ltd First Floor 94 Stamford Hill London N16 6XS
28 July 2025
Page 4
## **KEHAL YISROEL D'CHASIDEI GUR**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2024**
|**Notes**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
Other trading activities
3
**Total**
**EXPENDITURE ON**
**Charitable activities**
4
Grantmaking
Support
**Total**
**NET INCOME/(EXPENDITURE)**
**Transfers between funds**
11
**Net movement in funds**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**|**Unrestricted**
**fund**
**£**
18
24,687
24,705
18,550
4,572
23,122
1,583
(7,500)
(5,917)
55,091
49,174|**Restricted**
**fund**
**£**
867,296
-
867,296
866,177
-
866,177
1,119
7,500
8,619
31,000
39,619|**2024**
**Total**
**funds**
**£**
867,314
24,687
892,001
884,727
4,572
889,299
2,702
-
2,702
86,091
88,793|**2023**
**Total**
**funds**
**£**
1,156,541
36,650
1,193,191
1,209,348
12,649
1,221,997
(28,806)
-
(28,806)
114,897
86,091|
|---|---|---|---|---|
The notes form part of these financial statements
Page 5
## **KEHAL YISROEL D'CHASIDEI GUR**
## **BALANCE SHEET 30 SEPTEMBER 2024**
|**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**|**2024**
**£**
11,033
80,280
91,313
(2,520)
88,793
88,793
88,793
49,174
39,619
88,793|**2023**
**£**
7,875
82,290
90,165
(4,074)
86,091
86,091
86,091
55,091
31,000
86,091|
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 28 July 2025 and were signed on its behalf by:
M Pesach - Trustee
The notes form part of these financial statements
Page 6
## **KEHAL YISROEL D'CHASIDEI GUR**
## **CASH FLOW STATEMENT FOR THE YEAR ENDED 30 SEPTEMBER 2024**
|**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**|**2024**
**£**
(2,010)
(2,010)
(2,010)
82,290
80,280|**2023**
**£**
(28,442)
(28,442)
(28,442)
110,732
82,290|
|---|---|---|
The notes form part of these financial statements
Page 7
## **KEHAL YISROEL D'CHASIDEI GUR**
## **NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 30 SEPTEMBER 2024**
## **1. RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES**
|**ACTIVITIES**|||
|---|---|---|
|**Net income/(expenditure) for the reporting period (as per the**
**Statement of Financial Activities)**
**Adjustments for:**
Increase in debtors
(Decrease)/increase in creditors
**Net cash used in operations**|**2024**
**£**
2,702
(3,158)
(1,554)
(2,010)|**2023**
**£**
(28,806)
(530)
894|
|||(28,442)|
## **2. ANALYSIS OF CHANGES IN NET FUNDS**
||**At 1.10.23**|**Cash flow**|**At 30.9.24**|
|---|---|---|---|
||**£**|**£**|**£**|
|**Net cash**||||
|Cash at bank|82,290|(2,010)|80,280|
||82,290|(2,010)|80,280|
|**Total**|82,290|(2,010)|80,280|
The notes form part of these financial statements
Page 8
**KEHAL YISROEL D'CHASIDEI GUR**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024**
## **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**|||
|---|---|---|
||**2024**|**2023**|
||**£**|**£**|
|Donations|867,314|1,156,541|
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## **KEHAL YISROEL D'CHASIDEI GUR**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2024**
|**3.**
**OTHER TRADING ACTIVITIES**
Fee income
**4.**
**CHARITABLE ACTIVITIES COSTS**
**Grant**
**funding of**
**activities**
**(see note**
**5)**
**£**
Grantmaking
884,727
Support
-
884,727
**5.**
**GRANTS PAYABLE**
Grantmaking
The total grants paid to institutions during the year was as follows:
Relief of poverty
Medical
Advancement of education
Advancement of religion
Social Welfare
Amud Hatzdokoh Trust
Friends of Mercaz Hatorah Belz Machnovke
Shir Chesed Beis Yisroel
Friends of Beis Chinuch Lebonos Trust
Kollel Gur Trust
One Heart Lev Echod
Friends of Beis Soroh Schneirer
Mifal Hachesed Vehatzedokof
Chaim She Torah
Bait Limud Vchesed
Friends of Wiznitz Ltd
Others under £20,000||
|---|---|
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## **KEHAL YISROEL D'CHASIDEI GUR**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2024**
## **5. GRANTS PAYABLE - continued**
The total grants paid to individuals during the year was as follows:
|Relief of poverty
Medical
**6.**
**SUPPORT COSTS**
Support
Support costs, included in the above, are as follows:
**Governance costs**
Auditors' remuneration
Auditors' remuneration for non audit
work
Independent examiner's fee
Independent examiner's other fees|**2024**
**2023**
**£**
**£**
-
7,000
-
8,141
-
15,141
**Governance**
**Other**
**costs**
**Totals**
**£**
**£**
**£**
2,232
2,340
4,572
**2024**
**2023**
**Total**
**Support**
**activities**
**£**
**£**
-
1,680
-
1,860
720
-
1,620
-
2,340
3,540|
|---|---|
## **7. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 30 September 2024 nor for the year ended 30 September 2023.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 30 September 2024 nor for the year ended 30 September 2023.
## **8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
||**2024**|**2023**|
|---|---|---|
||**£**|**£**|
|Tax refunds|11,033|7,875|
Page 11
## **KEHAL YISROEL D'CHASIDEI GUR**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2024**
## **9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|||||**2024**|**2023**|
|---|---|---|---|---|---|
|||||**£**|**£**|
||Other creditors|||2,520|4,074|
|**10.**|**ANALYSIS OF NET ASSETS BETWEEN FUNDS**|||||
|||||**2024**|**2023**|
||**Unrestricted**||**Restricted**|**Total**|**Total**|
|||**fund**|**fund**|**funds**|**funds**|
|||**£**|**£**|**£**|**£**|
||Current assets|51,694|39,619|91,313|90,165|
||Current liabilities|(2,520)|-|(2,520)|(4,074)|
|||49,174|39,619|88,793|86,091|
|**11.**|**MOVEMENT IN FUNDS**|||||
||||**Net**|**Transfers**||
|||**At**|**movement**|**between**|**At**|
|||**1.10.23**|**in funds**|**funds**|**30.9.24**|
|||**£**|**£**|**£**|**£**|
||**Unrestricted funds**|||||
||General fund|55,091|1,583|(7,500)|49,174|
||**Restricted funds**|||||
||Restricted|31,000|1,119|7,500|39,619|
||**TOTAL FUNDS**|86,091|2,702|-|88,793|
||Net movement in funds, included in the above are as follows:|||||
||||**Incoming**|**Resources**|**Movement**|
||||**resources**|**expended**|**in funds**|
||||**£**|**£**|**£**|
||**Unrestricted funds**|||||
||General fund||24,705|(23,122)|1,583|
||**Restricted funds**|||||
||Restricted||867,296|(866,177)|1,119|
||**TOTAL FUNDS**||892,001|(889,299)|2,702|
Page 12
## **KEHAL YISROEL D'CHASIDEI GUR**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2024**
## **11. MOVEMENT IN FUNDS - continued**
## **Comparatives for movement in funds**
|**At**
**1.10.22**
**£**
**Unrestricted funds**
General fund
64,339
**Restricted funds**
Restricted
50,558
**TOTAL FUNDS**
114,897
Comparative net movement in funds, included in the above
**Unrestricted funds**
General fund
**Restricted funds**
Restricted
**TOTAL FUNDS**|**Net**
**movement**
**in funds**
**£**
2,151
(30,957)
(28,806)
are as follows:
**Incoming**
**resources**
**£**
36,650
1,156,541
1,193,191|**Transfers**
**between**
**funds**
**£**
(11,399)
11,399
-
**Resources**
**expended**
**£**
(34,499)
(1,187,498)
(1,221,997)|**At**
**30.9.23**
**£**
55,091
31,000
86,091
**Movement**
**in funds**
**£**
2,151
(30,957)
(28,806)|
|---|---|---|---|
## **12. RELATED PARTY DISCLOSURES**
Kollel Gur Trust (a charity) is a related party, having trustees in common, received grants of £30,795 (2023 - £32,301) during the year under review. The charity received restricted donations totalling £16,050 from two trustees.
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