REGISTERED CHARITY NUMBER: 1142505
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021
FOR
CHASDEI SHOLOM
Raffingers LLP, Statutory Auditor Chartered Certified Accountants 19-20 Bourne Court Southend Road Woodford Green Essex IG8 8HD
CHASDEI SHOLOM
CONTENTS OF THE FINANCIAL STATEMENTS for the year ended 31 March 2021
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 3 |
| Report of the Independent Auditors | 4 | to | 7 |
| Statement of Financial Activities | 8 | ||
| Balance Sheet | 9 | ||
| Cash Flow Statement | 10 | ||
| Notes to the Cash Flow Statement | 11 | ||
| Notes to the Financial Statements | 12 | to | 15 |
CHASDEI SHOLOM
REPORT OF THE TRUSTEES for the year ended 31 March 2021
The trustees present their report with the financial statements of the charity for the year ended 31 March 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).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The objective of Chasdei Sholom is the prevention and relief of poverty in the community, by providing grants to individuals in need, or other organisations working to prevent or relieve poverty.
Public benefit
The trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit, when reviewing the aims and objectives and in planning the charity's future activities.The aims of the charitable company for the public benefit are detailed in the 'Objectives and Activities' section of this report and the main activities undertaken in order to carry out the charitable company's aims for the public benefit are outlined under 'Achievements and Performance' below.
Grantmaking
The trustees support charities whose Objects are in line with the Objects of this charity. The charity accepts any grant application subject to the trustees' review. Financial help is then given according to circumstances and funds then available.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
The period proved very successful in terms of both donations received and grants paid.
During the year, the charity provided much needed financial support to needy families and individuals and grants to other qualifying institutions that are involved in the relief of poverty
Due to the recent Covid-19 pandemic, there was an increase in donations received from the public who were keen to support the charity's response to the pandemic which included responding to additional requests from both needy individuals and institutions that required additional funding.
FINANCIAL REVIEW
Investment policy and objectives
Under its Trust Deed the charity has the power to invest in any way the trustees wish.
Reserves policy
The trustees have not established the level of reserves (that is those funds that are freely available) that the charity ought to have. Reserves are needed to bridge the funding gaps between spending on activities and receiving resources through voluntary donations and grants. The trustees consider that the ideal level of reserves as at 31 March 2021 would be three months of resources expended. However, Chasdei Sholom is principally operated as a grant giving charity, and the trustees' policy is to seek to distribute bulk of the income arising in each financial year as at becomes available.
The actual reserves at 31 March 2021 were £66,065 which is significantly less than the target figure. The trustees therefore, are considering ways in which further unrestricted funds may be raised.
Financial results
The financial results for the year to 31 March 2021 are shown in the attached financial statements.
Total income increased from £969,786 to £1,978,354 and total expenditure increased from £1,053,271 to £1,954,425 in comparison with the previous period.
There was a net increase in funds of £23,929 (2020 - decrease of £83,485) with total unrestricted funds carried forward of £66,065 (2020 - £42,136).
FUTURE PLANS
The charity is planning to generate more income for the much needed grants that it makes.
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CHASDEI SHOLOM
REPORT OF THE TRUSTEES for the year ended 31 March 2021
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
Chasdei Sholom is constituted as an unincorporated charity and was formed on 21 June 2011. The charity is registered with the Charity Commission (Charity Registration Number 1142505) and is governed by its Constitution.
Recruitment and appointment of new trustees
The Articles of Association stipulate that there must be a minimum of three trustees and there is no maximum number of trustees. All trustees must be members of the charitable company. Additional trustees may be appointed by the existing trustees at any time, either to fill a casual vacancy or as an addition to the existing trustees. Any trustees so appointed will hold office only until the next Annual General Meeting and will then be eligible for re-election. No trustee had any beneficial interest in any contract with the charitable company during the year.
The charitable company strives to ensure equal opportunities and diversity in both the employment of staff and trustee appointments. Selection criteria and procedures are regularly reviewed to ensure that individuals are selected, promoted and treated on the basis of their relevant merits and abilities.
Potential trustees are invited to informally attend trustee meetings prior to appointment and a comprehensive induction programme is available. Additionally individual trustees may undertake external training in a particular area of their role on the Governing Body.
Organisational structure
The board of trustees administers the charity and meets at least four times in a year.
Risk management
The trustees have undertaken a full risk assessment of the organisation covering financial, operational, regulatory, governance and management. Various systems and checks have been put into operation, which are reviewed annually.
Covid-19
The Covid 19 pandemic which has had a significant social and economic impact on communities worldwide, resulted in an increased demand for assistance. The trustees adapted their activities to comply with government's policies and guidance and were able to raise significant additional funds to enable them to continue their work.
Fundraising
The charity has a good reputation within the local community and has a large pool of regular donors who wish to have a part in the charitable activities of the charity. Existing donors often recommend and encourage other philanthropists to pledge their support to the success of the charity. As such, the trustees do not engage professional fundraisers nor do they undertake public collections or cold calls.
The charity is committed to the principals set out by the Fundraising Regulator in its Code of Fundraising Practice. When donors are approached, this is done with sensitivity and respect and with regard to their circumstances.
The trustees are pleased to report that no complaints were received in the past twelve months in relation to its fundraising activities.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1142505
Principal address
23 Portland Avenue London N16 6HD
Trustees
Mrs R Schwartz Rabbi E Schwartz Mr J Stern
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CHASDEI SHOLOM
REPORT OF THE TRUSTEES for the year ended 31 March 2021
REFERENCE AND ADMINISTRATIVE DETAILS Auditors
Raffingers LLP, Statutory Auditor Chartered Certified Accountants 19-20 Bourne Court Southend Road Woodford Green Essex IG8 8HD
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
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charity SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
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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 27 January 2022 and signed on its behalf by:
Rabbi E Schwartz - Trustee
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REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF CHASDEI SHOLOM
Opinion
We have audited the financial statements of Chasdei Sholom (the 'charity') for the year ended 31 March 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:
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give a true and fair view of the state of the charity's affairs as at 31 March 2021 and of its incoming resources and application of resources, for the year then ended;
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have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
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have been prepared in accordance with the requirements of the Charities Act 2011.
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:
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the information given in the Report of the Trustees is inconsistent in any material respect with the financial statements; or
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sufficient accounting records have not been kept; or
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the financial statements are not in agreement with the accounting records and returns; or
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we have not received all the information and explanations we require for our audit.
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REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF CHASDEI SHOLOM
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.
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REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF CHASDEI SHOLOM
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.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
The extent to which the audit was considered capable of detecting irregularities including fraud:
Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:
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the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;
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we identified the laws and regulations applicable to the charitable company through discussions with management and from our commercial knowledge and experience of the sector Chasdei Sholom belongs to;
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we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the association, including the Charities Act 2011, Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable to the United Kingdom and Republic of Ireland (FRS 102) (effective 1 January 2019), Trustees Act, Bribery Act and data protection;
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we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and
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identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.
We assessed the susceptibility of the charity's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:
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making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and
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considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations, including the ones that ensure that the grants are used for intended purposes.
To address the risk of fraud through management bias and override of controls, we:
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performed analytical procedures to identify any unusual or unexpected relationships;
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tested journal entries to identify unusual transactions;
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assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias; and
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investigated the rationale behind significant or unusual transactions.
In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:
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agreeing financial statement disclosures to underlying supporting documentation;
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reading the minutes of meetings of those charged with governance;
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enquiring of management as to actual and potential litigation and claims.
There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the trustees and other management and the inspection of regulatory and legal correspondence, if any.
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REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF CHASDEI SHOLOM
Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.
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.
Other matters which we are required to address
Other matter
In the previous accounting period, the trustees of the charity took advantage of audit exemption under section 144 of the Charities Act 2011 as amended by the Charities Act 2011 (Accounts and Audit) Order 2015. Therefore, the prior period financial statements were not subject to audit.
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.
Raffingers LLP, Statutory Auditor Chartered Certified Accountants 19-20 Bourne Court Southend Road Woodford Green Essex IG8 8HD
27 January 2022
Raffingers LLP is eligible to act as an auditor in terms of Section 1212 of the Companies Act 2006
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CHASDEI SHOLOM
STATEMENT OF FINANCIAL ACTIVITIES
for the year ended 31 March 2021
| Notes INCOME AND ENDOWMENTS FROM Donations and legacies 2 EXPENDITURE ON Charitable activities 3 Grants to individuals Grants to institutions Support costs Total NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
2021 Unrestricted fund £ 1,978,354 207,517 1,738,038 8,870 1,954,425 23,929 42,136 66,065 |
2020 Total funds £ 969,786 159,845 885,769 7,657 1,053,271 (83,485) 125,621 42,136 |
|---|---|---|
The notes form part of these financial statements
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CHASDEI SHOLOM
BALANCE SHEET
31 March 2021
| 2021 Unrestricted fund Notes £ CURRENT ASSETS Debtors 7 9,625 Cash at bank 65,440 75,065 CREDITORS Amounts falling due within one year 8 (9,000) NET CURRENT ASSETS 66,065 TOTAL ASSETS LESS CURRENT LIABILITIES 66,065 NET ASSETS 66,065 FUNDS 9 Unrestricted funds 66,065 TOTAL FUNDS 66,065 |
2020 Total funds £ 17,746 24,640 42,386 (250) 42,136 42,136 42,136 42,136 42,136 |
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 27 January 2022 and were signed on its behalf by:
Rabbi E Schwartz - Trustee
The notes form part of these financial statements
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CHASDEI SHOLOM
CASH FLOW STATEMENT
for the year ended 31 March 2021
| Notes Cash flows from operating activities Cash generated from operations 1 Interest paid Net cash provided by/(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 £ 40,920 (120) 40,800 40,800 24,640 65,440 |
2020 £ (64,243) (7,407) (71,650) (71,650) 96,290 24,640 |
|---|---|---|
The notes form part of these financial statements
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CHASDEI SHOLOM
NOTES TO THE CASH FLOW STATEMENT
for the year ended 31 March 2021
1. RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES
| OPERATING ACTIVITIES | ||
|---|---|---|
| Net income/(expenditure) for the reporting period (as per the Statement of Financial Activities) Adjustments for: Interest paid Decrease in debtors Increase in creditors Net cash provided by/(used in) operations |
2021 £ 23,929 120 8,121 8,750 40,920 |
2020 £ (83,485) 7,407 11,835 - |
| (64,243) |
2.
ANALYSIS OF CHANGES IN NET FUNDS
| At 1.4.20 Cash flow At £ £ Net cash Cash at bank 24,640 40,800 24,640 40,800 Total 24,640 40,800 |
31.3.21 £ 65,440 |
|---|---|
| 65,440 | |
| 65,440 |
The notes form part of these financial statements
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CHASDEI SHOLOM
NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 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
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
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.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Debtors
Debtors are recognised at their settlement amount, less any provision for non-recoverability. Prepayments are valued at the amount prepaid. Debtors more than one year are included in the accounts at their carrying value.
Cash at bank and in hand
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
Creditors and provisions
Creditors are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of settlement can be estimated reliably.
Financial instruments
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value except for bank loans which are subsequently measured at the carrying value plus accrued interest less repayments. The financing charge to expenditure is at a constant rate calculated using the effective interest method.
continued...
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CHASDEI SHOLOM
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 March 2021
2. DONATIONS AND LEGACIES
| Donations and grants 3. CHARITABLE ACTIVITIES COSTS Grants to individuals Grants to institutions Support costs 4. GRANTS PAYABLE Grants to individuals Grants to institutions The total grants paid to institutions during the year was as follows: Beis Yacob Hayashan Chasdei Aharon Cong. Kahal Chareidim Eizer L'bachurim Hachnasas Orchim Linas Hachesed Irgun Haysomim Boneini Irgun Kadmoinenu Kehal Ohel Menachem Vitepsk Keren Ezer Ne'suin Tchernobal Keren Yesomim Fund Khal Beis Moshe Aharon Kollel L'horoah Kolel Tifereth Meshilem D'tosh Mesivta Ziev Hatorah Mifal Hachesed Keren Ose Choyil Mifal Keren Hachesed Talmud Torah V'yeshiva Ketana Tchabe Kollel Limited Shaarei Marpe Other grants below £45,000 |
Grant funding of activities (see note 4) £ 207,517 1,738,038 - 1,945,555 |
2021 £ 1,978,354 Support costs (see note 5) £ - - 8,870 8,870 2021 £ 207,517 1,738,038 1,945,555 2021 £ 47,484 135,541 50,000 40,000 50,000 50,000 50,000 73,070 50,000 50,000 50,000 50,000 47,850 50,000 50,000 50,000 50,000 266,981 48,000 479,112 1,738,038 |
2020 £ 969,786 |
|---|---|---|---|
| Totals £ 207,517 1,738,038 8,870 |
|||
| 1,954,425 | |||
| 2020 £ 159,845 885,769 |
|||
| 1,045,614 | |||
| 2020 £ - - - - - - - - - - - - - - - - - - - - |
|||
| - |
Donations were paid to institutions whose objectives include the relief of poverty.
continued...
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CHASDEI SHOLOM
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 March 2021
5. SUPPORT COSTS
| SUPPORT COSTS | ||||
|---|---|---|---|---|
| Governance | ||||
| Management | Finance | costs | Totals | |
| £ | £ | £ | £ | |
| Support costs | 1,550 | 120 | 7,200 | 8,870 |
6. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2021 nor for the year ended 31 March 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2021 nor for the year ended 31 March 2020.
7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Other debtors CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other creditors MOVEMENT IN FUNDS At 1.4.20 £ Unrestricted funds General fund 42,136 TOTAL FUNDS 42,136 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 1,978,354 TOTAL FUNDS 1,978,354 |
2021 £ 9,625 2021 £ 9,000 Net movement in funds £ 23,929 23,929 Resources expended £ (1,954,425 ) (1,954,425 ) |
2020 £ 17,746 2020 £ 250 At 31.3.21 £ 66,065 66,065 Movement in funds £ 23,929 23,929 |
|---|---|---|
8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
9. MOVEMENT IN FUNDS
continued...
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CHASDEI SHOLOM
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 March 2021
9. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| At 1.4.19 £ Unrestricted funds General fund 125,621 TOTAL FUNDS 125,621 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 969,786 TOTAL FUNDS 969,786 |
Net movement in funds £ (83,485) (83,485) Resources expended £ (1,053,271 ) (1,053,271 ) |
At 31.3.20 £ 42,136 42,136 Movement in funds £ (83,485) (83,485) |
|---|---|---|
10. RELATED PARTY DISCLOSURES
During the year, the charity made net grants of £135,341 to Chadei Aharon Limited, a charity of which Rabbi E Schwatz and Mr Joel Stern are trustees.
During the year, the charity made net grants of £30,500 to Congregation Sharei Sholom Tchabe Limited, a charity of which Rabbi E Schwatz is also a trustee.
During the year, the charity made net grants of £10,673 to Start Upright, a charity of which Rabbi E Schwatz is also a trustee.
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