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2021-04-30-accounts

Company registration number: 06868489 Charity registration number: 1131948

Acheinu Limited

(A company limited by share capital) Annual Report and Financial Statements for the Year Ended 30 April 2021

Gilbert, Allan & Co 8 Rodborough Road London London NW11 8RY

Acheinu Limited

Contents

Reference and Administrative Details 1
Trustees' Report 2 to 6
Independent Examiner's Report 7
Statement of Financial Activities 8
Balance Sheet 9
Notes to the Financial Statements 10 to 18

Acheinu Limited

Reference and Administrative Details

Charity Registration Number 1131948 Company Registration Number 06868489 The charity is incorporated in England and Wales. Registered Office 8 Rodborough Road London London NW11 8RY Principal Office 240 Hendon Way London NW4 3NL Independent Examiner GILBERT ALLAN & CO 8 Rodborough Road London London NW11 8RY Accountants Gilbert, Allan & Co 8 Rodborough Road London London NW11 8RY

Page 1

Acheinu Limited

Trustees' Report

The trustees, who are Directors for the purposes of company law, present herewith their Annual Report together with the financial statements and auditors' report of the Charitable Company for the year ended 30 April 2021.

Page 2

Acheinu Limited

Trustees' Report

Objects and aims

The Boys Clubhouse aims to help young Jewish men who find themselves at risk of social exclusion. This can often be due to a breakdown in family relationships, school exclusion and/or trauma. The Boys Clubhouse offers a holistic approach in supporting the young men including help with accommodation, food, employment, education, therapy and mentoring.

Objectives, strategies and activities

The Boys Clubhouse offers a range of activities and programmes, the purpose of which are multifold. Some programmes provide the young men with practical skills while others are aimed at improving physical and mental health. The collective aim of all our activities is to provide these young men with the tools and confidence to rebuild their lives and become productive members of society.

Our programmes include but are not limited to:

Homeless Project:

Sadly, we are regularly confronted with instances of homelessness, caused by a myriad of circumstances such as difficulties in the family dynamic; abandonment due to mental health issues or family estrangement brough about by drug abuse, criminal activities or severe delinquent behaviour. This list is by no means exhaustive. In some cases, the young people have run out of friends to stay with ('sofa surfing'), and we have found them literally sleeping in shop fronts. Where possible, we will negotiate the safe return of the young person to the family home. This requires intense intervention and support to both the adolescent as well as to his parents. Where the better option is independent living, we source suitable accommodation and support the young person with grants for rent, food, items for personal hygiene and changes of clothing. Our facilities include a self-contained emergency housing unit.

Mentoring/Therapy:

The first step in the rehabilitation of the young person is to create a tailor-made programme where we identify his key strengths. With the help of our team of dedicated mentors and life coaches, we seek to involve the young person in determining his future. Our mentors seek to build positive relationships, offering unconditional support which is the first step towards restoring the client's fragile self-belief. At the same time, we are conscious of the negative impact that the delinquent behaviour of one child can have on a whole family. Our holistic approach includes providing appropriate family therapy to parents who are caught between wanting to provide support and continuous love, whilst at the same time struggling to establish appropriate boundaries for their child in crisis. Our team of therapists and life coaches specialise in working with adolescents and addictions, as well as family mediation. For those who have suffered deeper trauma, we provide regular therapy sessions with qualified therapists using methos such as CBT, NLP and similar.

After a successful trial we have recently expanded our equine therapy provision which has been proven to develop emotional regulation, self-confidence and responsibility.

Clubhouse Business Enterprise:

One of the most difficult challenges we have to face is finding our clients sustainable employment. Often their problems are too severe for them to hold down regular employment and they end up in a debilitating spiral of dead-end jobs. Our Business Enterprise Unit (CBE) is a multi-dimensional project that provides training in employability and business acumen. The Enterprise is based around an e-shop in which we identify products that sell successfully using the eBay model. Goods are sourced from local businesses which help, by donating excess stock or by sulpplying tham at minimal cost. The CBE allows the boys to receive practical training in online sales; sourcing items, the packaging and dispatch of the items, as well as a grounding in customer services. Most importantly, our clients derive an enormous boost in self confidence from running their own businesses as this gives a sense of achievement and acts as a positive drug to combat the neagtive influences in their lives.

Page 3

Acheinu Limited

Trustees' Report

Clubhouse Gym:

The recently refurbished premises include a fully equpped gym. It has been proven that exercise improves mental health by reducing anxiety, depression, and negative mood and by improving self-esteem and cognitive function. This has been particularly useful during the recent pandemic which has resulted in increased levels of anxiety and exasperated mental health issues amongst our youth.

ClubH Studio:

The in-house ClubH music studio provides a healthy outlet and is often the start of a journey towards accedited skills to succeed in areas of the music industry such as sound studio, live play and recording technology.

Israel project:

The Israel programme is a satellite operation and mirrors our provision in the UK. Some of our young men will gravitate to Israel and we recognise the need to support them on this part of their journey towards responsible adulthood. Over the last year we have added a drop-in centre as a safe place and home away from home.

Covid:

The Covid-19 pandemic placed a considerable strain on our resources throughout this financial year. The enforced lock down resulted in increased mental health challenges, unemployment, addictions among our clients. We also devoted resources to a younger age group who were struggling with the disruption and anxiety caused by school closures.

Grant making policies

Many of our clients have multiple needs and for the sake of simplicity have been categorised by their principal need.These are:

Page 4

Acheinu Limited

Trustees' Report

Trustees and officers

The trustees and officers serving during the year and since the year end were as follows:

Trustees: Mr Maurice Moishe Frankel Mr Stephen Robert Taylor Mr David Wilner

Structure, governance and management

Statement of Trustees' Responsibilities

The trustees (who are also the directors of Acheinu Limited for the purposes of company law) are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.

Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Page 5

Acheinu Limited

Trustees' Report

This Annual Report was approved by the trustees of the charity on 20 December 2021 and signed on its behalf by:

......................................... Mr Maurice Moishe Frankel Chairman and Trustee

......................................... Mr Stephen Robert Taylor Trustee

......................................... Mr David Wilner Trustee

Page 6

Acheinu Limited

Independent Examiner's Report to the trustees of Acheinu Limited ("the Company")

I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 April 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 Acheinu Limited 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

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 Acheinu Limited 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.

......................................

GILBERT, ALLAN & CO 8 Rodborough Road London London NW11 8RY

20 December 2021

Page 7

Acheinu Limited

Statement of Financial Activities for the Year Ended 30 April 2021 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)

Note
Income and Endowments from:
Donations and legacies
3
Other income
Total income
Expenditure on:
Charitable activities
5
Office and administration costs
6
Raising funds
4
Other expenditure
Total expenditure
Net (expenditure)/income
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
11		 Unrestricted
£
196,393
1,000
197,393
(326,792)
(28,306)
(12,000)
(790)
(367,888)
(170,495)
(170,495)
583,255
412,760		 Restricted
£
49,318
-
49,318
-
-
-
-
-
49,318
49,318
-
49,318		 Total
2021
£
245,711
1,000
246,711
(326,792)
(28,306)
(12,000)
(790)
(367,888)
(121,177)
(121,177)
583,255
462,078		 Total
2020
£
240,537
289,163
529,700
(342,753)
(30,909)
(11,050)
(1,048)
(385,760)
143,940
143,940
439,316
583,256

All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2020 is shown in note 11.

The notes on pages 10 to 18 form an integral part of these financial statements. Page 8

Acheinu Limited

(Registration number: 06868489) Balance Sheet as at 30 April 2021

Note
Fixed assets
Tangible assets
8
Current assets
Cash at bank and in hand
9
Creditors: Amounts falling due within one year
10
Net current (liabilities)/assets
Net assets
Funds of the charity:
Restricted income funds
Restricted funds
Unrestricted income funds
Unrestricted funds
Total funds
11		 2021
£
692,575
36,848
(267,345)
(230,497)
462,078
49,318
412,760
462,078		 2020
£
574,913
294,283
(285,940)
8,343
583,256
105,074
478,182
583,256

For the financial year ending 30 April 2021 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements on pages 8 to 18 were approved by the trustees, and authorised for issue on 20 December 2021 and signed on their behalf by:

The financial statements on pages 8 to 18 were approved by the trustees, and authorised for issue on 20 December 2021 and signed on their behalf by:

.........................................

Mr Maurice Moishe Frankel Chairman and Trustee

The notes on pages 10 to 18 form an integral part of these financial statements. Page 9

Acheinu Limited

Notes to the Financial Statements for the Year Ended 30 April 2021

1 Charity status

The charity is a charity limited by guarantee and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £Nil towards the assets of the charity in the event of liquidation. Acheinu Limited is compliant with Section 13 of the Charities (Protection and Social Investment) Act 2016) using professional help with grant writing.

The address of its registered office is: 8 Rodborough Road London London NW11 8RY

The principal place of business is: 240 Hendon Way London NW4 3NL

These financial statements were authorised for issue by the trustees on 20 December 2021.

2 Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

The financial statements have been prepared in accordance with 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)) (issued in October 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Basis of preparation

Acheinu Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

Going concern

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity.

Exemption from preparing a cash flow statement

The charity opted to early adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements.

Page 10

Acheinu Limited

Notes to the Financial Statements for the Year Ended 30 April 2021

Income and endowments

All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably.

Donations and legacies

Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period.

Grants receivable

Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.

Expenditure

All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.

Raising funds

These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds.

Charitable activities

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Grant provisions

Provisions for grants are made when the intention to make a grant has been communicated to the recipient but there is uncertainty about either the timing of the grant or the amount of grant payable.

Support costs

Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.

Governance costs

These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees’s meetings and reimbursed expenses.

Page 11

Acheinu Limited

Notes to the Financial Statements for the Year Ended 30 April 2021

Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

Taxation

The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

Depreciation and amortisation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class Depreciation method and rate
Plant and machinery 20% on reducing balance
Office equipment 25% on reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Foreign exchange

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the balance sheet date are reported at the rates of exchange prevailing at that date.

The results of overseas operations are translated at the average rates of exchange during the period and their balance sheets at the rates ruling at the balance sheet date. Exchange differences arising on translation of the opening net assets and results of overseas operations are reported in other comprehensive income and accumulated in equity (attributed to non-controlling interests as appropriate).

Other exchange differences are recognised in the Statement of Financial Activities in the period in which they arise except for:

1) exchange differences on transactions entered into to hedge certain foreign currency risks (see above);

2) exchange differences arising on gains or losses on non-monetary items which are recognised in other comprehensive income; and

3) in the case of the consolidated financial statements, exchange differences on monetary items receivable from or payable to a foreign operation for which settlement is neither planned nor likely to occur (therefore forming part of the net investment in the foreign operation), which are recognised in other comprehensive income and reported under equity.

Page 12

Acheinu Limited

Notes to the Financial Statements for the Year Ended 30 April 2021

Fund structure

Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity.

Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.

3 Income from donations and legacies

Donations and legacies;
Donations from individuals
Grants, including capital grants;
Grants from other charities
Total for 2021
Total for 2020		 Unrestricted
funds
General
£
181,666
14,727
196,393
135,463		 Restricted
funds
£
-
49,318
49,318
105,074		 Total
funds
£
181,666
64,045
245,711
240,537

4 Expenditure on raising funds

a) Costs of trading activities

Note
Fundraising trading costs;
Fundraising
Total for 2021
Total for 2020		 Unrestricted
funds
General
£
12,000
12,000
11,050		 Total
funds
£
12,000
12,000
11,050
Total
costs
£

5 Expenditure on charitable activities

Page 13

Acheinu Limited

Notes to the Financial Statements for the Year Ended 30 April 2021

Note
Grant funding of activities
Staff costs
Office and administration costs
6
Total for 2021
Total for 2020		 Unrestricted
funds
General
£
279,146
47,646
28,306
355,098
373,662		 Total
funds
£
279,146
47,646
28,306
355,098
373,662
Total
expenditure
£

In addition to the expenditure analysed above, there are also governance costs of £28,306 (2020 - £30,909) which relate directly to charitable activities. See note 6 for further details.

Page 14

Acheinu Limited

Notes to the Financial Statements for the Year Ended 30 April 2021

6 Analysis of governance and support costs

Governance costs

Allocated support costs
Total for 2021
Total for 2020		 Unrestricted
funds
General
£
28,306
28,306
30,909		 Total
funds
£
28,306
28,306
30,909

7 Taxation

The charity is a registered charity and is therefore exempt from taxation.

Page 15

Acheinu Limited

Notes to the Financial Statements for the Year Ended 30 April 2021

8 Tangible fixed assets

Cost
At 1 May 2020
Additions
At 30 April 2021
Depreciation
At 1 May 2020
Charge for the year
At 30 April 2021
Net book value
At 30 April 2021
At 30 April 2020
9
Cash and cash equivalents
Cash on hand
Cash at bank
10 Creditors: amounts falling due within one year
Bank loans
Other taxation and social security		 Land and
buildings
£
571,685
118,452		 Furniture and
equipment
£
13,481
-
13,481
10,253
790
11,043
2,438
3,228
2021
£
1,934
34,914
36,848
2021
£
266,394
951
267,345		 Furniture and
equipment
£
13,481
-
13,481
10,253
790
11,043
2,438
3,228
2021
£
1,934
34,914
36,848
2021
£
266,394
951
267,345		 Total
£
585,166
118,452
703,618
10,253
790
11,043
692,575
574,913
2020
£
1,939
292,344
690,137 13,481
-
-		 10,253
790
- 11,043
690,137 2,438
571,685 3,228
2021
£
1,934
34,914
36,848
2021
£
266,394
951
267,345
294,283
2020
£
285,100
840
285,940

Page 16

Acheinu Limited

Notes to the Financial Statements for the Year Ended 30 April 2021

11 Funds
Unrestricted
General
Restricted
Total funds
Unrestricted
General
Restricted
Total funds		 Balance at 1
May 2020
£
583,255
-
583,255
Balance at 1
May 2019
£
439,316
-
439,316		 Incoming
resources
£
197,393
49,318
246,711
Incoming
resources
£
424,626
105,074
529,700		 Resources
expended
£
(367,888)
-
(367,888)
Resources
expended
£
(385,760)
-
(385,760)		 Balance at 30
April 2021
£
412,760
49,318
462,078
Balance at 30
April 2020
£
478,182
105,074
583,256

12 Analysis of net assets between funds

12 Analysis of net assets between funds
Tangible fixed assets
Current assets
Current liabilities
Total net assets
Tangible fixed assets
Current assets
Current liabilities
Total net assets		 Unrestricted
funds
General
£
692,575
36,848
(267,345)
462,078
Unrestricted
funds
General
£
574,913
294,283
(285,940)
583,256		 Total funds at
30 April
2021
£
692,575
36,848
(267,345)
462,078
Total funds at
30 April
2020
£
574,913
294,283
(285,940)
583,256

Page 17

Acheinu Limited

Notes to the Financial Statements for the Year Ended 30 April 2021

13 Analysis of net funds

13 Analysis of net funds
Cash at bank and in hand
Net debt
Cash at bank and in hand
Net debt		 At 1 May 2020
£
294,283
294,283
At 1 May 2019
£
181,076
181,076		 Financing cash
flows
£
(257,435)
(257,435)
Financing cash
flows
£
113,207
113,207		 At 30 April
2021
£
36,848
36,848
At 30 April
2020
£
294,283
294,283

Page 18

Acheinu Limited

Detailed Statement of Financial Activities for the Year Ended 30 April 2021

Income and Endowments from:
Donations and legacies (analysed below)
Other income (analysed below)
Total income
Expenditure on:
Raising funds (analysed below)
Charitable activities (analysed below)
Other expenditure (analysed below)
Total expenditure
Net (expenditure)/income
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward		 Total
2021
£
245,711
1,000
246,711
(12,000)
(355,098)
(790)
(367,888)
(121,177)
(121,177)
583,255
462,078		 Total
2020
£
240,537
289,163
529,700
(11,050)
(373,662)
(1,048)
(385,760)
143,940
143,940
439,316
583,256

This page does not form part of the statutory financial statements. Page 19

Acheinu Limited

Detailed Statement of Financial Activities for the Year Ended 30 April 2021

Donations and legacies
Donations
Grants from charities
Local authority grant
Grants from charities
Other income
Fundraising events (net of expenses)
Raising funds
Fundraising costs
Charitable activities
Grants to individuals
Homeless Support
Israel Boys Clubhouse
Clubhouse Business Enterprise
Wages
Social security
Educational expenses
Mentoring expenses
Professional fees
Premises costs
Activity expenses
Trade subscriptions
Office administration
Bookkeeping
Bank charges
Loan interest
Other expenditure
Depreciation of plant and machinery
Depreciation of office equipment		 Total
2021
£
181,666
49,318
-
14,727
245,711
1,000
1,000
(12,000)
(12,000)
(53,515)
(32,527)
(36,221)
(31,084)
(44,000)
(3,646)
(9,199)
(46,872)
(176)
(17,691)
(51,212)
(649)
(14,902)
(2,000)
(1,445)
(9,959)
(355,098)
(67)
(723)
(790)		 Total
2020
£
69,320
80,074
25,000
66,143
240,537
289,163
289,163
(11,050)
(11,050)
(63,766)
(35,180)
(35,827)
-
(44,260)
(3,687)
(18,304)
(40,346)
(13,629)
(30,016)
(57,433)
(305)
(10,283)
(5,500)
(2,648)
(12,478)
(373,662)
(83)
(965)
(1,048)

This page does not form part of the statutory financial statements. Page 20