Docu8vJn Envehjpe ID.. 89ADB058-7F81474F-9787-62C7EB&43904 Chwik Umlted Company nwnber 07485527 Charity number 1142937 8t¢es And Finan¢ial Ststements For the year ended 31 Deeember 2023
Docusb3n En¥61opg ID.. 69ADB05È-7F81474F47B7*2C7EB8A3 Cb#z8k Llmlled cOntts Pag¢ Legal and adminis¢rativ¢ infornwti Trustee5 2fi6 Audiiorf) reE 7-10 Statement Of financial activities Bhlance sheet 12 Cash flow 13 Notes to the fman¢ia] ststements
Docuspjn Envelope ID.. 8$ADs8-7F6l474F-&7B72c7EB8A39O4 Chazak Llmlted Legal and admlnlstrative Information Directors l Trustees M Abadi Mrj Moradoff (Chairman Mr N Hlckmet Cpmpany Secretary Rabbi M Levy Key Management Personnel Y David Re8i5tered Offlce 64 Brent Street London NW4 2ES Details of Incorporation The company was incorporated on 7 January 2011 in England under company registration number 07485527, and was registered with the Charity Commission on 19 July 2011. govemed by its memorandum and article5 of a550Ciation, charity number 1142937. Auditors Goldwlns Umlted 75 Maygrove Road West Hampstead London NW6 2EG Bankers National Westminster Bank PIC 5 Central Circu5 Hendon Central London NW4 3LE
D$Tr Envew ID.. 89ADB058-7F81474F-97B742C7EB8A3904 Chazak Llmlted Trystees, Report Trustees. Report The Trustees, who are also directors of the CharSty for the purposes of the Companies Art, submit their report and the financial statements of Chazak Ltd (the Company) for the year ended 31 December 2023. The Trustee5 confirm that the annual report and financial statements of the company comply with current statutory requirements, the requirement5 of the company's governlng document and the provisions of the Statement of Recommended Practice ISORPI "Accounting and Reporting by Charities" i55ued in 2015. Legal and administrative information set out on page I forms part of this report. Structure, Governance and Flnance The company was incorporated on 7 January 2011 as a company limited by guarantee and reglstered 3s a charitable company on 19 july 2011. Its objectives are the advancement of education in Jewish religion, cutture, history and heritsge. The Trustees, who are also the directors for the purpose of company law, and who served during the year were M Abadi. J Moradoff and N Hickmett. None of the trustees have any beneficial interest in the company. The Trustee5 are the Members of the Company wh Ilmlted Ilabillty to contribute £1 each in the event of a winding up of the Company. The management of the company is the responsibility of the Trustees who are elected and co-opted under the terms of the Articles of Association. The number of trustee5 shall not be subject to any maximum but shall not be less than two. The appointment and training of a new trustee is subject to the oversight of current trustees. There are no specific restrictions impjsed by the governing document concernlng the way the Charity can operate. Charl$ ObJertIv and Actlvitle5 Chazak was established to empower todaVs younger generation of Jews to connect in a meaningful way to their jewish heritage. The strengthening of their Jewish identity will help to develop the Jewish community and its leadership for the future. The Charity has a particular focus on drawing insplratlon from the rlch herltage and history of Sephardic Jewry. The Charity works alongside and in conjunction wlth existing communitles and organisations in the field in order to further inspire young British Jews of Sephardic descent with a pride and commitment to their culture. heritage and continuity. The Charity has built an exlIent working relationship with a variety of Jewish schools in London, providing classes on a daily and weekly basis, as well as educational events at Synagogue5, private house5 and in social settings.
Do¢uln Et)vehJpo ID.. 89AD805&7F81474F47B742C7E88A3904 Chazak Umlted Trustees. Report {continuedl Publlc Beneflt The Trustees acknowledge the duty in Section 4 of the Charltles Act 2011 to have due regard to the Charlty Commission's published general and relevant sub-sector guidance on public benefit. All activities undertaken by Chazak are for the public benefit. With a focus on providing Jewish culture. Sdentity* history and heritage, the organisation's operation is very much geared to providing benefit to the jewish and wider community as is hlghlighted by the attivities reported hereln. By sharlng with todavs generation of Jews an understan(ling of their roots and history. the Charity aims to instill a sense of moral responsibility and leadership within society a5 a whole. This will also continue to be central to its future plans. A¢hlevement$ and Perfofm•n Chazak has grown its full programmlng throughout 2023. The Bels Hamidrash at the Post Office on Brent Street remains a significant learning centre for students and Young Professionals. Chazak also continue5 to run 3 community centre at 64 Brent Street. This Centre ha5 been used for a range of events, including programmes, classes and activities for schools, students of bar and bar mitzvah age, sixth formers, university students and adult groups. The main achlevements of the Charity in the year under review include.. Teaching weekly cla55e5 in Hasmonean Boys, and Girls, School, JFS. Immanuel College. Providing classes and events in a variety of local Synagogues, including Spanish & Portuguese (Lauderdale Rdl, Od Yosef Hai. Tiferet Eyal, Anshei Shalom, Porat Yosef, Heichal Leah. and Ohel David. Dellverlng classes to a varlety of audlences at private homes across London with a new Young Professionals department delivering regular events. Delivering the Chazak Ladie5 Academy with shirium and programmes on Mental Health, Torah and Cooking Growing the Chazak Bet Hamidrash on Brampton Grove, with daily prayer services, with classes for participants either before or after prayer5. Establishing The Warehouse- Mental health programming for young people a5 well as 5efl defence classes. Taking into account all of the events and classes provided, the Charity 15 impacting on the lives of approximately 18.000 yOLtng and older people every year lapproximately 70,000 participations annually) with many of those having daily contart with Chazak's inspirational programmes.
Docuwn Envelope ID.. 89ADB058-7F81474F-97B742C7E8SA39Q4 Chazak Limited Trustees, Report Itontinuedl Flnanclal Revlew Chazak generated a deficit of £66,13912022- £78,840) during the year. It wa5 able to generate significant inC3$e in donations and gifts, £1,315,91212022.. £1,223,241) in anticipation of the expansion of programme5 in 2023. The ntre in Los Angeles and New York continued to grow, based on income raised in USA. With the level of reseNes brought fonvard at l January 2023 the Trustees have confidence to Continue invest in a range of programmes to benefit the community during 2024. Chazak is supported by a broad spectrum of donors from across the community, ranging from grassroots student-level program participants and alumni to a number of philanthropists who partner with o¥Jr charity and help encourage our activitie5. Most fundraising is done through direct relationships with our partners and through effertive communication of the Importan of our work to the wider audience of our supporters. All Chazak expenditure is focused on creating the wide range of successful high quality educational courses and popular. impactful activities that deliver our stated charitable objective5. Fundraising Chazak is committed to the highest standard5 in fundraising. At all times it aims to ensure that its processes and staff are respectful. open, honest and accountable to our supporters and the publlc. Chazak is a medium sized charity that principally rai5e5 funds from individuals, family trusts and foundations, and companies who have a connectlon with and support the work of the Charlty. Its approach is Eenerally on a personal level, but the Charity also raises funds through community events and activitie5. Fundraising approaches made by Chazak are personal 3nd targeted, focussed on those individuals and institutions who have expressed interest in its work. Chazak doe5 not engage in large scale fundraising artivities like mass mailings, unsolicited telephone fundraising or door-to-door campaigns. Chazak has a small fundraising team. The Chief Executive is responsible for the day to day management of fundraising activities. The Trustees provide oversight of fundraising strategy and delivery. The Fundraising Team receive regular training and guidance and aim to adhere to methods of best practlse Intludlng the Fundraislng Regulatorfs Code of Fundralslng Practice. Under no circumstances does Chazak share personal information of its supporters for the purposes of third party marketing or processin8. There have been no complaints about fundraising actmties reported in the year to 31 Dernber 2023, or subsequently.
DOcusn Envdop• ID.. 69ADB058-7F81474F.978742C7EB&43904 Chazak Llmlted Trustees, Report Icontinuedl Chazak has not used third party organisations for its fundraising activities during 2023. Key Rlsks and Uncertalntles The Trustees have assessed the major risk5 to which the Charity is exposed, and are satisfRd that systems are in place to mitigate exposure to the major risks. A reduction in donor base could cause cash flow issues; any delayed receipt of pledged donations income could also potentially cause cash flow issues. The major risks facing the Charity are reviewed regularly at management meetings. Regular reviews of cash flow projections and budget forecasts are also undertaken. as well as a continual drive to manage expenditure. Plans forthe Future The Trustee5 plan to continue with the current programrnes including expanding our Centre5 of LearninEi building up our Young Professionals network as well as developing further relationships with schoo15 afbd synagogues. Having opened an intemational branch in Los Angeles and New York. Chazak have started international events bringing toBether the three branches and bullding a global image. Reserves Policy Chazak needs free resee5 to enable it to fulfil its charitsble obligations and commitments that it enters into. The Charity also requires reseNes to ensure continuance of these obligations in the eventLtality of any unexpected revenue shortfall. At 31 December 2023 free resee5 were £278,994 12022- £320.4011. The Trustees aim for the Charty to hold free reserves equal to not less than 3 months of normal running costs. approximately £300,000. The Trustees are sat15fied that the level of Free Reserves is adequate to deliver adjusted programmes and resources. The Board will continue to review the Charit5 reserves and its policv annually* more frequently if circumstances dictate.
Docuswn Envelope ID.. 89AD805&7F81474F.97B742C7EB8A3904 Chazak Llmlted Trustees, Report {continuedl Tru5tees' Responsibilities in Relation to the Accounts The Trurtee5 a responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and regulations. Company law requires the Trustees to prepare financial 5tatement5 for each financial year. Under that law the Trustees have elected to prepare the financial statement5 in accordance with United Kingdom Generally Accepted Accounting Prattice (United Kingdom Standards and applicable lawl. Under company law the Trustees must not approve the financial statements unless they are sat15fied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements. the Trustees are required to.. a. select suitable accounting policies and then apply them consistently,. make judgements and estlmates that are reasonable and prudent; c. follow applicable UK accounting standards and the Statement of Recommended Practice, subject to any departures disclosed and explained in the accounts- d. prepare the accounts on the going concern basis unless it is inapproprlate to presume that the Charity will continue in operatlon. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the companvs transactions and disclose with reasonable accurary at any time the flnanclal position of the company and enable them to ensure that the financial ststements comply with the Companies Act 2006. They are also responsible for safeguarding the asset5 of the company and hen for taking reasonable Steps for the prevention and detection of fraud and other irregularitie5. This report has been prepared in accordance with the provisions applicable to companie5 subject to the small companie5, regime and was approved by the Trustee5 on 12 July 2024 and signed on their behalf by.. J Moradoff Trustse A8715FF48ÈEE489
DwJ$vJn Enwknpa ID.. 89ADBO58-7F81474F-978742C7EB8A3904 Ind•p•nd•nt Audltorf• R•port To th• mornborn of Chazak Llmltod Oplnlon We have audited the financial statem8nts of Chazok Llmlt8d for tho y80r end8d 31 D8cemb&r 2023 which comprise the Slalement of Financial Activities, the Balance Sheet, ststemenl of cash flows and the related note5. The financial reporbng framework that has beon applied Sn theSr prep8raUon Is applicabl8 law and United Kingdom Accountlng Stsndards, includSng Flnanclal Reportlng Stsndard 102.. The Financial Reporting Stsndard applicable in the UK and Republlc of Ireland Iunlted Klngdom Generally Accepted Accounting Practul. Oplnlon on rmn¢1 •t•t•m•nl• In our oplnlon the flnanclal ststem8nts: give a Irue and falr view of the state of the charltable company's 8ff8lrs as al 31 December 2023 and of ils income and expgndlture for the year then ended.. have been propedy prepared in aCrdance with United Kingdom Generalty Accepted Accounllng PractKe; arKI have been prep8reil in accordance with the requirements of the Companles Act 2006. BMI• for oplnlon We conduded our audit in accordance with Intemauonal Standards on Audng IUKI IISAS IUKII and applicable law. Our responsibilities under Ihose st8ndards are further described in the Audil0rf5 responsibilities for the 8udS1 of the financial ststements section of our report. We are independent of the Chartty in accordance with the ethical requirements that are relevant lo our audit of the financial 81atements Sn the UK, including the FRC'S Ethical Standard and we have fvlfilled our other ethical responsibilities in accordance wrth these requirements. We bglieve that the audit evidence we have obtained is sufficient and appropriate lo provJe a basis for our opinion. Conchlon• rnlallnB to golng ¢on¢•m In audillng 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 identrfied any material uncertainties relating to events or conditions that, individually or coll8Ctivèly. may cast signrfi¢ant doubt on the ¢harity'$ ability to continue as a going concern for a period of al ast monlhs from when the ftnancial statements aro authorised for issu8. Our responsibilities and the responslbllttSes of the dlreclors whh respect to golng concam are tjescrlbed in the rekgV8nt S9elions of this report. The trustees are resporksible for Ihe other informolion. Thg oth8r Infonnallon comprlses the Infomatlon included in the annual r8POrt other than the financial statem8nls and our 8uditor's report thereon. Our opinion on the financial statements does not cover the other information anil, except to the extent otherwise explicitty staled in our report, we do not express any form of assur8nce conclusion thereon.
Do¢JJs&n Env•lop• ID.. 89ADB05B-7F81474F-97B742C7EB8A3904 Independont Audltorf8 R•port To th• m•mb•rn ol Chazak Llmlt•d In connectSon wlth ouraudil of the financial slatemènls. our responsibi14ty is lo read the other information and. in doing so. consider whether the other information is malerialty inconsistent with the financial ststements or our knowledge obtained in the audit or otherwise appears lo be malerialty misstated. If we identify such material inconsistencies or apparent material misststements, we are required to detemiine whether there is a material misstat8m8nt in the financi81 statements or 8 Mate81 misslalement of the other information. If. based on the work we have perfomied, we conclude that there is a material misststement of this other infomialion, we are requlre(I lo report that fact. We h8ve nothlng to report In Ihls regard. Oplnlon on oth•r matt•r prn•erlb•d by th• Compnlm A¢t 2006 In our opinion. based on the Work undertaken in the course of th8 audit: the information given in the trustees. report lincorporatlng the dlrectors. report) for the flnanclal year for which the financial statements are pr8pared Is conslslent wllh the financlal ststemenls., and the trusteès, report lincorporaling the directors, report) have been prepared in accordance with appllcable lègal requiremènts. MAtt•rn on whleh w• r•4ulrnd to roport by •xwtlon In the light of the knowledge and und8rslandlng of the Charity and Its environment obtained in thè course of the audit, we have not identtfied material misstatements in the Trustees, Annual Report. We have nothlng to report in respect of Ihe following matters where the Companies Ad 2006 requires us to report lo you if. in our opinKJn'. adequate accounting records have not been kepl or returns adequate for our audit have not been recelved from branchgs not vlslled by us: or the financlal ststements are not In agreement th the accounting records and retums: or certain disclosures of trustees, remuneration specif*d by law are not made- or we have not received all the informatKJn and explanations we require for our audll. RwMthllltl•• ofth• tru•t• As explained more fully in the Trustees, Responsibilities Statement, the trustees (who are also the dlrectors of the charitsble company for the purposes of company lawl are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view and for such internal control as they determine 1$ necessary to enable the preparation of fin8ncial ststements that are free from matèrial misstat8m8nt, whether due to fraud or error.
DOcu6aTh Envolopa ID." 89AD8O7F8l474F.g7872C7EB8A3gO4 Ind•pond•nt Audltorf• R•port To thg m•mbgrn of Chazak Umlt•d In prgparing the financial stslemenls, the tnjslees are responslble for assessing the CharlS abilty to conllnue as a golng concern, dlscloslng, as applScable, matters re18ted lo going concem and using the going ¢on¢em basls of accountlng unless the trustees ellher intend to Ilquidate the Charlty or to cease operatK)ns, or have no re81istK allematbve but to do so. Our rn•pon•lbllltlM for th• •udll ofth• fln•n¢l•l •tat•m•nts Our objectives are lo obtain reasonable assurance about whether the flnanclal ststements as a whole are free from materfal misslalemenl, whether due to fraud or error. and to issue an audilorfs report that Includes our opinion. Reasonable assurance is a high level of assurance, bul is not a guarantee that an audit conducted in accordance with ISAS IUKI will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are consid8r8d material rf. individually or in the aggregate, they could reasonably b8 expected to influence the economic deck8ions of users taken on the basis of these financial statements. Irregularities, Sncluding fraud, are instsnces of non-compllance whh laws and regulatlons. We deslgn proc8durès in line wf(h our responsibilities, outlined above, to delecl material ml8Stalements In respect of irregularities, including fraud. The extent to which our procedures are capable of (letecbng irregularities, including fraud are Set out below. In Idenllfylng and assesslng rf8k8 of malerlal misstatement in respoct of irregularities. including fraud and non-compliance with laws and regulations. our procedures included the following.. We enquired of managèment, which included obtaining and r8vi8wlng supportlng documentation, conceming the chority's policies and procedures Telating to= Detecting, gvaluating, and complying wth18ws and regulatlons and whether they were aware of any inslancgs of non-compliance., Detecting of the risks of fraud and responding whether they have knowledge of any actual or suspe¢led fraud- The internal controls in place to miligale risks related to fraud or non-complian with laws and regulations. We obtained an understanding of the legal and regulatory framework that the charfty operates in, focusing on those laws and regulations that had a material effect on thg financlal statements or that had a fundamento18ffect on Ihe operations of the charity from our professlon81 antl sector expedence. We performed analytical procedures to detect any unusual or unexpected relatnShIpS that may Indlc8te risks of malerlal misststement due lo fraud. Because of the inherent limitations of an audit. there 15 a risk that we will not delect all irregularities. including those leading lo a matsrial misstatement in the financial statements or nonvcomplKance with regulation. The risk is aL80 greater regarding irregularities occurring due to fraud rather than error. as fraud involves Intentional concealment. forgery. collusion. omission or misrepresentation. A further description of our responsibilities for the audit of the financial stslemenls is located on the Financial Reporting Council's websit8 at.. www.frc.org.uklauditorsr8sponsibiliti8s. This description fonns part of our auditr)rfs report.
Oo¢u$vJn Envelope ID". 89ADB058-7F81474F-978742C7EB8A3904 Ind•p•nd•nt Audltorf• Roport To tho m•mb•rn of Chk Umitod lh• ol our r•port Thls report Is made solely to the charitable company's membets. as a body, in acccd8ncè wllh Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been un¢Jertaken 50 that we might stste to the charity's members those matters we are required to slate to them in an auditor's report and for no other purpose. To the fullest extent permitted by law. we do not accept or assume responsibility to anyone other than the charrty and the Gharity's members as a body. for our audit work. for this report. or for the opinions w8 have form8d. for and on b•h•lf ol Goldwln Llmlt•d 8tatuiory Audltor Ch4rt•r•d Acmuntants 75 PAaygrov• Ro•d W••t H•m*ad London 2EG 16 July 2024 10
Docgn Envelope ID.. 89ADBO58-7F81474F-97B7-62C7EB8A39 Chazak Llmlt•d stat•m•nt of fln•nd•l •thlll•• (incorporating an income and expenditure account) For th• y•ar •nd•d 31 D•c•mb•r 2023 20rJ 2022 Totsl nds nd• fund• nd• Donations and legac$ 1,315,912 1,225,848 Charitable athlll8S'. start grant incorng 22,225 Invè8tm8nt 1me Oiher nm6 19.704 111,214 11.704 14 5.850 37,563 1291486 Raising funds.. Costs of Fundraisiry Campaign 20,112 10,112 5,943 Charitable actiVIe$.. Jewsh educauon 1,492,857 Totsl •XndIb 1.512.969 166,139 178,8401 Net gains I Ilossesl on investrnents 186,1391 178,8401 Transfers beeen funds Il•¢mov•mthrtln fvndl 166,1391 166.13•) 178.840) R•concMlallon of fund•: Total fvnds brought fomard 435 769 514 609 435.769 l of thè abovt rtrsuhs aré dtsrNJ from ¢x)ntinuing acti¥ibtss. Th8 attached rKtesfom part of these financial statements.
DouFSvJn En¥ely ID.. 69DFA34F448E4ElF-D2-B91lDBlBE36c Ch•z•k Lknlt•d Balanc• 8h••t A8 at 31 D•¢wnb•r 2023 x+23 2022 2022 Tangib$8 assèts 11 115,368 115.368 Debtors Cash at bAnk and In hand 12 307318 351.074 58.779 409,853 U•bllMhB". Creditors.. amounts f811ing dus hthin onè ygar 89,452 320,401 419.8311 435,769 Credltors: amounts falling due after more than one year 14 435,769 Fund¥ Unrestricted ld8'. Fund aecountiThJ Tot81 unrestrictsd fvnds 16 435,769 435.769 Totsl fvnd• 435,769 Tha financial statom8nts hava n propgrod In 8ecordanca wth the Se181 provisions for small eompanl•s under Part15 of the Companies Act 2006. Approved by the trustees on and signed on their behalf by- ¥IlL4F(F4 J IAorndoff 12 July 2024 12
Docustqn ElOpp ID.. 69AD805&7F81474F.97B742C7EB8A3904 Chazak Llmltsd stat•mgnt of ca•h flow• For tho yr endgd 31 Doc•mb•r 2023 2023 2022 2022 Ca•h llrydrn from op•rntlng a¢tlvlUM: Net ¢ash provided by I (used inl opernting adviligs 17 411 1291.3111 Purchase of property. plant and equipment Increase in funds from credit card loans (2.133) {14,420) Ca•h wovld•d ty l (u••d In) Inv••tkng *OtMtI 12,133) 114,4201 • In ca•h and ¢•Jh •qulv•l•nts In th• y•Ar 1305,731) Cash and cash 9gUIV8lents at the boginnlng of the year Change in cash and cash equivalents due lo exchange rate movements 364.510 Ca•h and eA•h •quh•l•nt• atth• •nd of th• y••r 47.197 58,779 13
Docusljn Envdop• ID.. 89ADBO5&7F81474F-97B742C7EB&43904 Ch•zak Umlt•d Forth• yMr•nd•d 31 D•c•mb•r 2023 1 A¢counllTrg polkl i) BA•IB of pr•pmlon The finon(ial 5tatemenls have tren prepared ln accordance AccounJng and R8Fothg by Chaiitse5.' Statement of Recommended Practice applicable to ctharibes preparing their accounts in accJJrdance wth Ihe Flnan¢lal Rekxklng Standard p1¢able irs the UK and Republic ol Ireland IFRS 102 - effective 1 January 20151- ICharitse5 SORP FRS 1021 and th8 CDrnpanle5 Act2QO6. The charitae wmpany Meets lefinttbon of a publlc benelt enlty under FRS 102. Asset8 and liabil85 are inbtvalty recogni$ed at hls¢DAfal fXJSt ortrans8ction Yalu8 unless 0lh8rwse ststed in the rdevant accounting wlicy or note. bl ¢Jolnq ¢on¢•rn The truslee5 consder that Iherv are nts materfal un¢rtainbès about the tharIlab fxJmp8nl8 abllty to ojnb.nue as a gJir¥J concwn. The Irusle88 do not conslder that Ihare ar8 any 8ourc85 01 estimation uncertainty gt the rewb'ffj date Ihat have a 51gnlficant risk of causlng a rnaterf8l8dju¥tnt to the carying aryKun15 of assets and liabilitie5 witlwn the next pOrng perw. ¢1 kn¢om• Donalon8 are accounted for when the Charity bemmes entiled to the donatlon and any co[lon5 rfjcwpt we Trwt. Donalons fvom 8¢hool patr1ners repr888nt volunlary contb.0n5 towards th8 rur+m cost5 of the Charlty recefved from 8choc48 8t I1¢h the Charity prodeS events and dasses. Other incorne irKludes rental income eamed from reTr¥rYd ovt resential accommcrfjation wlhin its building. dl Fund atcounllng Unrestricted fund5 are 8v8lat4e to spend OTh activth'es that further any dthe purposes of charlty. Deslgnated funds are unr8Stiicted funds of the charity whith the trustees hHve de¢idel at thdrdls¢retion ¢0 Set adde to Ltsa for a sp8afic purpose. R5tricted furK15 are donafjons the donor has $p&tffied are to bè solely used for parbcuLqr area8 of th8 th8rity'¥ work or for srJriC project8 b81ng undertak8n by thartty. •) Exp•ndtsr• Irr•¢ov•rnbl• VAT Cost offvndraisin9 acti¥Ats are those ccets In0Jed In attradng voluntary IrKorn8. Charilable Include exndItre assoclated the dellvery of It8 ac.8$ and iude boih Ihe dirECt Costs ar support costs relating to th888 acbwties. SupFKrttDSt$ havè alk)tAted to the expendthjre cat6prf8s based on th8 manag8Thnfs estimate ofthe proporbcn oftime and resources consumed by aach of Ihe key activiti85 of the Charity. fj Thn•lbl• Ilx•d a•••ts Depreciation ¢5 provi¢Jed at ratos l&llted lo vthte down Ihè rml of eech assgl to rt8 881matsd r88idual valu8 over f expecw use1 Ilfe. The d8precllon rat88 in use a5 foll0w5'. lrnprovements to le#sehokJ prope Flxtures and fithngs Motor vehide5 10% stralght lthe on 10% straight line on . 25% $trawJht line on At11n$ to tanglble fixed a$sets of less th £1,000 8re treated as an 8xpen88. •) D•btw• Trade and other tlebtors are recognised at the setUetYnt amount due after any trade di8Unt offered. Prepayments are valued atthe amount prepald Thel of any tr8d8 discounts due. h) fA•h at bAnk and In hand rAsh at bank and tssh in hand Includes cash and short tem) hlghty IU Imiestments 8 Short malurity of Ihree or 18S8 from th8 dale of acquisition or op8niThJ of the deposit or SlIar acoJunt. 14
0ocu$vJt) Env8lop8 ID.. 89ADB05&7F81474F.97B742¢7ÉB6A3901 Ch•z•k Llmli•d Nots• to th• fln•ncl•l 8tat•m•nts Forth• y••r •nd•d 31 D•c•mb•r 2023 l A¢¢ounthi polcl•• l¢onllnu•d) 11 Cr•dltorn •nd provlllon credito and Prows8 are r8cogni88d wher8 the eharity has a presenl obligation resulting frorn a past eventthat will prob8bly in the transfer of funds to 4 thlTd paty and the am¢unt ¢Jue to setve the oblkJ8l¢n ean be measurtd or estimèted rel18y. ¢r8dftors and provislons are nomwlly rwnlsèd at thelr &éWemènt amount after811thn9 forany trade dlscounts due. 11 Oo¥•rnm•nt ljrants Grants are 8(ount8d for uThJer the Ferfomiance mcd81 as perniitted bythe Charty SORP. Coronaviru8 Job Retendon Sch8m8 grant Incorrva Is iherefrts regniSed on a straight Ilne basls over the fU9h rfod for each relevanl ertploy8e. Income from KKk Startjob crealion 5chewts K5 recogni58d as grants are recewed. kl FInan•1 In•tNnnts The Charlty holds onlyllnanclal a$$ets and flneal lIaNIe$ of a klnd that quallfy 8$ b)sl¢ finondol IlBtrunt$. Ba$1¢ final[al Instruments Indud8 d8btors and cr8dltors. Debtors and credltor8 are Inltlalty recognLsed 8ttrans8cUon value and 8ub5equently measured atfairvalue. l} K•y Judg•m•nl¥ •nrt E•thiats• In th8 aPicat.0n of the chart8 accounUrvJ polIc8, the trustees are requlrad to rnaka ludg8ments, eslmates and è$5urytion5 abcutthe c4rying value5 of as5el¥ and liabilitie5 thot are not readily apparent trom other 50urce5. The estlmales ntj undtrrfylng assumptions are bBseil on htstori¢AI experience orn1 olher factors that are ¢on$ldered to be leY00t. A¢tual r88uIt8 May drf¢8rfrom these eslma188. The e5OmBte5 and undertying 855urybon$ are rev on an onThng basis. Reviskjns to accountng estknate$ ère recegnised in Ihe riod in whith Ihe estimate 15 reWd ifthe revision 8ffects onty that wriod or in the per)d of tho reviOn ¢J future ptsriods aired5 the ojrffjnl arKI futu pptiod5. Th8 trust888 cOnderthat th8re 8r8 no matarf8lludg8ment8 in app accounung or key sourc88 of estimalion unc8rt8inty. Havity revIeI the finandal positkjn the trustoes ¢on6kJerthat tlwe a no matsrkl u*)¢ertaInes about Ihe Gharfty$ abllty to conts.nue a8 a gcing conc8m and have f8ason8bl8 expectations th8t th8 Chartty h88 adequate resources to coThtinue its thanged activities for thelore8eeable future. Accordiwly they continue to adoptthe going coneem basis of acwunting in prepn0 the annual Imnoal Ststements. 15
Docu$n EThveS)p8 ID.. 89ADB058-7F81474F-978742¢7EB&43904 CIAz•k Umltsd Mots• toth• fln•n¢lal •t•t•m•nts For th• y••r 31 D•c•rnbv2fj23 1.22S.B48 1325.848 chat1baibPs'. c& Start Wt1ntte 22.225 22.225 Invesbrthtincorne OtherinEome 5.850 37.563 Rai5iry funds 5,943 5,94J Ch&rfisbk acbwi1. Jwhi5h edueaknn Totsl•xp•nthiw• 1.364.983 1.370.326 1.W.383 178,0401 ITO.8401 Nel9alrps I Ik)sses1 on knvegtrnent6 178.B401 8.wl TGfeTr betr10 funds 178,84DI 178,8401 TotBI fU[S broughlforvrdrd Tothlfund• WTl•dfomr 514.609 435.769 514.609 435.769 2022 Totsl akns and legBcs 1 315,912 1,315,912 1.225,848 1.225.848 1.22S.848 Tthl Re9trkted Tat•l Unr951rfcted ResMLed ToLryl k Startant kn¢fjr( T4111 22,225 2022 Totsl unr0sbfj(a Re8tykt8d T•tsl Unrethrled Rthlr4Èd Interesl recewed Renlalin¢om& Talll 40T 19.297 19.704 5.850 5,&50 2023 Toi*l 2022 Total Reskncled Other Income 37.5fj3 14 37.563 37.563 37.563 16
En¥elw ID." 89ADB058.7F81474F.97B742C7EBW904 Chazak Llmll•d Not•• to th• flmndal •tat•m•nts For th• y•v •nd•d 31 D•c•mb•r 2023 7 01•xp•ndrn Cost of raising fvnds Charilab18 act4v4Ues Basis of allocatkjn J¢wi8h edtsLtion Gen•r81 Support costs 2021Tot•l 21Y22 Total Costs of Fundralsing Campaign Siaff cg¥ts Programme & trip 8xpenditure Outsource staffing General office Audtt feè DIt Direct Dir8Ct Dlrect Direct Diraet 20.112 2i112 m.1M 5,943 378,961 392,185 74.791 513,406 5.040 376,134 420,499 125,921 125,921 •oJ 564,903 5.400 20.112 922.554 570.303 1AI1•8• 1,370.326 Support lts 570.303 1570.303 TolAI •Xp•ndIr• 202¥ Xl.112 1h92067 1W2,98• Total expanditurè 2022 5,943 1,364.383 1,370,326 ¢Ythe total gxpendilurg. £1,512,969 was unrestricted12022'. £1.370,3261. 7a AMly•l• •l•xp•ndlkn (prfor>•w) Cost of raising fuThls Charftable activttie5 Basis of allOn Je$h educatiG General Support 2022 Tatsl 2021 Total Costs of Fundr8b8in9 CampavJn Dwect Staff costs Dtroet ProgranNme & lrip expendrture Direct Outsourc8 5tsffing Direct General office Direct Audit fee Dir8cI 5,943 5,943 420.872 182,708 62.078 206,987 1,679 378.961 392.185 74,791 371J01 74791 513,406 5,040 5.943 845,937 518.446 1.370,321 880.267 518,446 518,446 Totsl •Apwfv 2022 4•43 1x313 Totsl &ndra 2021 5,943 874,324 880,267 OFthe lotsl eyndilur, £1.370,326 was unrgstrided12021'. £905,921). 17
DocuskJn Envolw ID.. 89ADBOS8.7F81474F.97B742C7EBW9Q4 Not•• ta th• fln•n¢l•l •t•t•m•nts Forth• yw •nd•d 31 D•¢•mb•r 2023 N•t IwAnl{•xp•Trdlthr•l forth•y••r Thts 1$ statod after chargiThJ I Icredits"ngl= 2022 Operating lease rental5'. Propety DeprecK8"0n Auditorfs rernun8ration'. Audit fees 1¥644 111,125 26,825 4,$00 Staff costs w6re as fdjgws". 2023 2022 s8rieS and w8ges Social sÈcurity tosts ErnoYer s p8n5K 348.n1 354.509 19,275 5.177 378.%1 0.373 total remuneration of the key manag8m8nl person1 £69,17912022.' £43,4941. No erYylO re¢8iv0d salari85 at u rqt8 of rmra than £60.fAIO oer annum. The charfty trustsas wer6 not paid or r8ceiv8d any olhèr bènefits from employmgnt with the Cornpany in the y8ar12022.. Nlll. NeItherWe Ih&y roimbursod &xpens¢s duriThJ the year12022.. Nill. No charity trusts8 faC8iv8d payffnl for Professiona orother servK8s suppl*d le the ch8rity12022.. Nill. Th8 average nurthr of employe¢$ Unt ba$ed on number o15taff employed) during Ihe yearw85 Ss fo11r.. No. 10 Edur2tion Support 13 15 10 T•xallon The charitable company is exempt fmm Corporat lax as all its inwm8 1$ charitable and appliod for ¢han¢oN¢ purposes. 18
Docus4n Envekw ID.. 89ADB058-7F81474F-97B742C7EB8A3904 Ch12ak Lknll•d For th• ymr •ndod 31 D•c•mb•r 2023 11 T•nylbl•llx•d L8888hoTd Flxtures 8ThJ Improvement fittings MotcrVehicKg TolAI At the start of Ihe ytsar Additions in y88r Disposals in year At Iho end of the year 230,406 44.583 2,133 28OM19 2,133 At the start of lh8 year Charge for thè year Eliminated on dK%po8al At the end of tho year 139,407 23.041 25,026 3.274 1.238 191,9EI Il•t bookTMIu• Atth• •nd oftt* y••r 67.958 18,41fj 4.262 At thg start of Ihe yaar 100120 22,297 AA of the above assets are us6d for tharltsbb purpwo8. 12 D•btor¥ 2022 Trade debtors other debtors 6,5j 3M.484 351.074 3073•6 13 Cr•dllorn: amounts falllng du• ¥Athln y 2022 Trad8 credittys Bank Credit card8 Olher credftor8 TaxatKin social security Accruals and d8feThed inco 73.959 7,393 650 4.650 2.800 89,452 11801 1.740 14 Crndmom: dyo aft•rmorn11Mn ¢)M y••r 2022 Lo8n 60.000 19
Docu5van Envtltspe ID.. 89ADB05&7F81474F-97B742C7EB8A3904 Chak Umlt•d Nol•• to th• flnanclal •tat•m•nl• Forth• y•ar •nd•d 31 D•c•mb•r 2023 General unrestricted 08slgnatsd Re8trict8tt Totsl T8nglt4e a8$0ts Net ¢yJrrenl assets Non ojrrent liabilits"e5 N•taM•ts Atth••Thd y••r 90,636 328,994 50.OtM) 369.630 AMty• ofMt••••ts b•iThTrlunth Ipthry••r) G8ner81 unrastricted Desvati#t¢d Rostsi¢tsd Total fvnd• Tangible fixed assets Net current as8ets N•ts•••l• •lth• •nd olth•yMr 115,368 320.401 435 769 115A68 320 Atth• ¥tsrt rnBourco• & ro•ourc ofth• y••r Attr •nd ol tho y•Ar General funds 4317 1A4V30 {1MII98•) l•• Mov•rn•Thl• In Iwkry••rl Incoming Outgoing At tho Start of t0$0urc95 & r950ufGe5 & the year gain¥ lossos At the eTrJ of the y68r TraTrsfer8 General funds 514.609 1,291,488 11,370,328) 435,789 1 291 486 1 370 326 20
DOC$3 Enveky¢ ID.. 89ADBO58-7F81474F-97B742C7EB8A3904 Forth• y•r •nd•d 31 D•¢•mb•r 2023 17 ft•¢onclllAtlon of n•1 In¢•nl{•xpmthr•l to n•¢wh Ilowfr•m op•ra ctl¥ll 2022 N•t{•xpMdlbJr•y In¢¢m• forth• Mporllffj wlod 14• p•rth• 8f&t•m•nt offrfndAI xtrlll¥) D8preCll8on IlrKxeasey decrease in deblu¥ Inr¥ea881 Id8creasel in tr8dllors N•tcaBh pY•¥ld•d tyl Iw•d Inl wr4th1o a¢ttwld 178.8401 26,625 1292.1641 t4963 •M4• 291,311 11 Arfy•h •nd Mh •quIts At31 At 1 Januwy 2023 CB5h flow8 Other chang88 Cesh al bank and in hand 58.779 111,5821 47.1 Totsl c4•h and G•Bh •qulv•l•J Totsl futurg minirwmlgase payments under n0n-cancellae operating leases a as fdl¢M'. Lgss than 1 ye 1-5y8ars 52,5 The tharity company limited by guw8rrt88 and ha5 no shar8 C8Prtal. In January 2022 th& tharity rna an advanc8 of£285,000 to Rabbi Mosho L, lo ensure hls tonunued ÈmployrYnt the charty by facilrtating 8 house purchase. The duration of lh& loan 1$ 11 years with interest rdle Set at 0.1%. The ban tstanding ot 3100¢0mbgr 2023 wa5 £228.4UJ. 21 Cmtrol Up to 31 December 2021, Tha Cempany was a 100% subskliary of j8h Futurè& Trust Limittid, a limited abilIty company. r8glster8d numbèr D7884678 and 8 rBgistèr6d thari¢y number 1151066 Jewsh Futures Trust 15 involved in puNic education and ¢uttural a¢livities. From 1 January 2022 th¢ churity becom8 independent and th8 mernb8r8 wll conlribute £1 oach on 8ny eV8nutal winding up. 21