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2021-08-31-accounts

REGISTERED COMPANY NUMBER: 06354517 (England and Wales) REGISTERED CHARITY NUMBER: 1120921

KEHAL CHASIDEI WIZNITZ LIMITED (A COMPANY LIMITED BY GUARANTEE)

REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2021

Sugarwhite Meyer Accountants Ltd First Floor 94 Stamford Hill London N16 6XS

KEHAL CHASIDEI WIZNITZ LIMITED

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021

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
Notes to the Financial Statements 7 to 11

KEHAL CHASIDEI WIZNITZ LIMITED

REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 AUGUST 2021

TRUSTEES M H Kahan J Arberman REGISTERED OFFICE First Floor 94 Stamford Hill London N16 6XS REGISTERED COMPANY 06354517 (England and Wales) NUMBER REGISTERED CHARITY 1120921 NUMBER INDEPENDENT EXAMINER Sugarwhite Meyer Accountants Ltd First Floor 94 Stamford Hill London N16 6XS BANKERS HSBC Bank plc 312 Seven Sisters Road Finsbury Park London N4 2AW

Page 1

KEHAL CHASIDEI WIZNITZ LIMITED (REGISTERED NUMBER: 06354517)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2021

Reference and administrative information

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

OBJECTIVES AND ACTIVITIES

Objects for public benefit

The objects of the charity are, the advancement of the Orthodox Jewish Faith, the advancement of Orthodox Jewish Religious Education and the relief of poverty, sickness and infirmity amongst members the Jewish Faith in any part of the world.

The trustees have considered the Charity Commission's guidance on public benefit.

Charitable activities

The charity operates a voucher system, allowing donors control of their giving in an easy manageable, tax efficient manner. Incoming resources on the unrestricted fund comprise, in the main, fee income from donors to the voucher system, and on the restricted fund income from donations into individual and company accounts.

Grantmaking

Grants on the unrestricted fund are made at the trustees' discretion from their knowledge of the various institutions. On the restricted fund grants are made in accordance with the wishes of the donor provide they accord with the objects of the charity.

FINANCIAL REVIEW

Financial review

Income increased by 9% over the previous year and grantmaking increased by 27%. The charity made a deficit for the year which was funded by reserves held.

Reserves policy

The charity does not have a specific reserve policy. Grants are made whenever an appropriate need for funds arise on the unrestricted fund and at the donors' discretion from the restricted funds. At the year end unrestricted funds were £3,689 ( 2020 - £1,343) and restricted funds £3,156 (2020 - £36,253).

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

Constitution

The charity is constituted as a company limited by guarantee and is governed by its Memorandum and Articles of Association dated 28 August 2008.

Recruitment and appointment of new trustees

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

Risk management

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

Page 2

KEHAL CHASIDEI WIZNITZ LIMITED (REGISTERED NUMBER: 06354517)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2021

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on 26 May 2022 and signed on its behalf by:

M H Kahan - Trustee

Page 3

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF KEHAL CHASIDEI WIZNITZ LIMITED

Independent examiner's report to the trustees of Kehal Chasidei Wiznitz Limited ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2021.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 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 registered member of Institute of Chartered Accountants in England and Wales which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

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 Institute of Chartered Accountants in England and Wales Sugarwhite Meyer Accountants Ltd First Floor 94 Stamford Hill London N16 6XS

26 May 2022

Page 4

KEHAL CHASIDEI WIZNITZ LIMITED

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 AUGUST 2021

Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
-
Other trading activities
2
18,360
Total
18,360
EXPENDITURE ON
Charitable activities
3
Charitable activities
16,014
NET INCOME/(EXPENDITURE)
2,346
RECONCILIATION OF FUNDS
Total funds brought forward
1,343
TOTAL FUNDS CARRIED FORWARD
3,689		 Restricted
fund
£
364,140
-
364,140
397,237
(33,097)
36,253
3,156		 2021
Total
funds
£
364,140
18,360
382,500
413,251
(30,751)
37,596
6,845		 2020
Total
funds
£
334,607
17,200
351,807
325,375
26,432
11,164
37,596

The notes form part of these financial statements

Page 5

KEHAL CHASIDEI WIZNITZ LIMITED (REGISTERED NUMBER: 06354517)

BALANCE SHEET 31 AUGUST 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:
General fund
Restricted funds:
Restricted fund
TOTAL FUNDS		 2021
£
6,000
3,156
9,156
(2,311)
6,845
6,845
6,845
3,689
3,156
6,845		 2020
£
6,000
36,266
42,266
(4,670)
37,596
37,596
37,596
1,343
36,253
37,596

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2021 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 26 May 2022 and were signed on its behalf by:

M H Kahan - Trustee

The notes form part of these financial statements

Page 6

KEHAL CHASIDEI WIZNITZ LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, 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 Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

Donations are included in full in the Statement of Financial Activities when received.

Expenditure

Liabilities are recognised in the year in which they are incurred and includes irrecoverable VAT which is reported as part of the expenditure to which it relates.

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 corporation 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. OTHER TRADING ACTIVITIES

2021 2020
Unrestricted Restricted Total Total
funds funds funds funds
£ £ £ £
Fee income 18,360 - 18,360 17,200

Page 7

KEHAL CHASIDEI WIZNITZ LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2021

3. CHARITABLE ACTIVITIES COSTS

3.
CHARITABLE ACTIVITIES COSTS
Grant
funding of
activities
(see note
4)
£
Charitable activities
408,654
4.
GRANTS PAYABLE
Charitable activities
The total grants paid to institutions during the year was as follows:
Education
Advancement of religion
Relief of poverty
Medical
Social welfare
Yesamach Levav
Chasidei Viznitz Synagogue
Chevras Mo'oz Ladol
Amud Hatzdokoh Trust
Heichel Burech
Edupoor Ltd
Support The Charity Worker
Ezrath Nissuin Fund
Kollel Pshevorsk
Others under £10,000
The total grants paid to individuals during the year was as follows:
Relief of poverty		 Support
costs (see
note 5)
£
4,597
2021
£
408,654
2021
£
109,039
75,989
180,638
15,652
12,000
393,318
20,122
15,718
15,203
14,393
13,000
12,545
11,177
10,250
10,223
292,978
415,609
2021
£
15,336		 Totals
£
413,251
2020
£
322,504
2020
£
104,124
60,303
121,144
6,049
8,418
300,038
2020
£
22,466

Page 8

KEHAL CHASIDEI WIZNITZ LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2021

5. SUPPORT COSTS

Charitable activities
Support costs, included in the above, are as follows:
Other
Sundries
Governance costs
Independent examiner's fee
Independent examiner's other fees
General expenses		 Governance
Other
costs
Totals
£
£
£
1,835
2,762
4,597
2021
2020
Charitable
Total
activities
activities
£
£
1,835
-
2021
2020
Charitable
Total
activities
activities
£
£
540
540
1,260
1,620
962
711
2,762
2,871

6. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 August 2021 nor for the year ended 31 August 2020.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 August 2021 nor for the year ended 31 August 2020.

7. AVERAGE NUMBER OF STAFF

The average number of staff in the year was Nil (2020 - Nil).

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021 2020
£ £
Loan 6,000 6,000

Page 9

KEHAL CHASIDEI WIZNITZ LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2021

9.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Accruals and deferred income
10.
ANALYSIS OF NET ASSETS BETWEEN FUNDS
Unrestricted
Restricted
fund
fund
£
£
Current assets
6,000
3,156
Current liabilities
(2,311)
-
3,689
3,156
11.
MOVEMENT IN FUNDS
At 1.9.20
£
Unrestricted funds
General fund
1,343
Restricted funds
Restricted fund
36,253
TOTAL FUNDS
37,596
Net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
18,360
Restricted funds
Restricted fund
364,140
TOTAL FUNDS
382,500		 2021
2020
£
£
2,311
4,670
2021
2020
Total
Total
funds
funds
£
£
9,156
42,266
(2,311)
(4,670)
6,845
37,596
Net
movement
At
in funds
31.8.21
£
£
2,346
3,689
(33,097)
3,156
(30,751)
6,845
Resources
Movement
expended
in funds
£
£
(16,014)
2,346
(397,237)
(33,097)
(413,251)
(30,751)

Page 10

KEHAL CHASIDEI WIZNITZ LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2021

11. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

At 1.9.19
£
Unrestricted funds
General fund
7,514
Restricted funds
Restricted fund
3,650
TOTAL FUNDS
11,164
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
17,200
Restricted funds
Restricted fund
334,607
TOTAL FUNDS
351,807		 Net
movement
At
in funds
31.8.20
£
£
(6,171)
1,343
32,603
36,253
26,432
37,596
Resources
Movement
expended
in funds
£
£
(23,371)
(6,171)
(302,004)
32,603
(325,375)
26,432

12. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 August 2021.

Page 11