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2021-06-30-accounts

REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE PERIOD ENDING 30 JUNE 2021

FOR

CHESED SHEL EMES LIMITED

(A company limited by guarantee)

De Claron Ltd Unit A 3 The Vale LONDON NW11 8SB

CHESED SHEL EMES LIMITED

CONTENTS OF THE ACCOUNTS

for the Year Ended 30 June 2021

Page
Charity Information 1
Report of the Trustees 2
Independent Examiner's Report 3
Profit and Loss Account 4
Balance Sheet 6
Notes to the Fianancial Statements 7
Report of the Accountants 8

CHESED SHEL EMES LIMITED

CHARITY INFORMATION

for the Year Ended 30 June 2021

COMPANY NUMBER: 7287726
CHARITY NUMBER: 1144114
TRUSTEES: E. Weiss
C. Herman
REGISTERED OFFICE: 52 East Bank
LONDON
N16 5PZ
INDEPENDENT EXAMINER: De Claron Ltd.
Unit A
3 The Vale
LONDON
NW11 8SB
BANKERS: HSBC
312 Seven Sisters Rd
Finsbury Park
LONDON N4
2AW

CHESED SHEL EMES LIMITED

REPORT OF THE TRUSTEES

for the Year Ended 30 June 2021

The trustees presents their report with the financial statements of the charity for the period ending 30 June 2021. The trustees confirm that the annual report and the financial statements of the charity comply with the current statutory requirements, the requirements of the charity’s governing document and the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” effective 1 Jan 2015.

CONSTITUTION POLICIES AND OBJECTIVES

Chesed Shel Emes Limited is a charitable company limited by guarantee as constituted on 17 June 2010.

The principal objectives of the charity are:

Staff

The charity is currently staffed by E. Weiss and C Herman. E. Weiss have served throughout the year and the power to appoint new trustees vest in the current board. All funds are raised by the trustee. The charity is seeking to appoint 2 new trustees in due course.

Funding and Activities

Chesed Shel Emes Limited is currently financed by private donations and grants. During the financial period under review Chesed Shel Emes Limited gave grants to members of the Orthodox Jewish community who were local residents or who had come from abroad.

The trustees are satisfied with the results and activities of the charity for the financial year and do no anticipate any significant changes in the forthcoming year.

Future Plans

Chesed Shel Emes Limited will be seeking additional funding from private donors and grants from charities.

Membership

Chesed Shel Emes Limited is currently not a member of any roof body or professional organisation.

RESERVE POLICY

It is the policy of the charity to distribute funds as available.

RISK ASSESSMENT

The trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the charity, and are satisfied that systems are in place to mitigate their exposure to major risks.

STATEMENT OF TRUSTEES' RESPONSIBILITIES

Charity law 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 profit or loss of the charity for that period. In preparing those financial statements, the trustees are required to:

Page 2

CHESED SHEL EMES LIMITED

REPORT OF THE TRUSTEES

for the Year Ended 30 June 2021

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.

AUDITOR

The charity is exempt from an audit. In lieu of this an independent examiner’s report will be prepared by De Claron Ltd.

ON BEHALF OF THE BOARD SIGNED: Trustee

E. Weiss

30 August 2021

Page - 3

INDEPENDENT EXAMINER’S REPORT TO THE MEMBERS OF

CHESED SHEL EMES LIMITED

for the Year Ended 30 June 2021

Independent Examiner’s Report to the Trustees of Chesed Shel Emes Limited We report on the accounts of the charity for the year ended 30 June 2021, which are set out on pages 5 to 8.

Respective responsibilities of trustees and examiner Staff

The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an independent examination is required for this year under the Charities Act 2011 (the 2011 Act).

It is our responsibility to: · examine the accounts under of the 2011 Act; · to follow the procedures laid down in the General Directions given by the Charity Commissioners under the 2011 Act · to state whether particular matters have come to our attention.

Basis of independent examiner’s report

Our examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you the trustee concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently we do not express an audit opinion on the view given by the accounts.

Independent examiner’s statement

The accounts were constituted from notes, information and explanation of the trustees. We found nothing unusual or suspicious in the records presented to us.

In connection with our examination, no other matter except that referred to above, has come to our attention to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

De Claron Ltd Unit A 3 The Vale LONDON NW11 8SB

30 August 2021

Page 4

CHESED SHEL EMES LIMITED STATEMENT OF FINANCIAL ACTIVITIES

for the Year Ended 30 June 2021

Notes
Unrestricted
Funds
£
INCOME
1
Voluntary Income
Donations
227,891
Gift Aid Reclaimed
-
Investment Income
Interest Received
-
Other Interests
508
NET INCOME
2
228,400
TOTAL INCOMING RESOURCES
RESOURCES EXPENDED
Cost of Generated Funds
Advertising and Promotion
-
Charitable Activities
Donations
176,976
Advance Religion & Education
Governance Costs
Accountancy
1,194
Printing, Postage, Stationery
-
Other Resources Expended
Bank Charges
46
F & F Depreciation
-
Office Equipment & Maintenance
-
Office Rent & Bills
-
Telephone
-
TOTAL CHARITABLE EXPENDITURE
178,216
NET INCOMING RESOURSES
50,184
TOTAL INCOMING RESOURCES
FUNDS BROUGHT FORWARD
NET MOVEMENT IN FUNDS
30.06.21		 Notes
Unrestricted
Funds
£
INCOME
1
Voluntary Income
Donations
227,891
Gift Aid Reclaimed
-
Investment Income
Interest Received
-
Other Interests
508
NET INCOME
2
228,400
TOTAL INCOMING RESOURCES
RESOURCES EXPENDED
Cost of Generated Funds
Advertising and Promotion
-
Charitable Activities
Donations
176,976
Advance Religion & Education
Governance Costs
Accountancy
1,194
Printing, Postage, Stationery
-
Other Resources Expended
Bank Charges
46
F & F Depreciation
-
Office Equipment & Maintenance
-
Office Rent & Bills
-
Telephone
-
TOTAL CHARITABLE EXPENDITURE
178,216
NET INCOMING RESOURSES
50,184
TOTAL INCOMING RESOURCES
FUNDS BROUGHT FORWARD
NET MOVEMENT IN FUNDS
30.06.21		 Restricted
Funds
£
52,550
-
-
-
52,550
280,950
-
59,500
5,250
-
-
-
-
-
-
-
64,750
(12,200)
37,984
88,214
126,197		 30.06.20 30.06.20
Unrestricted
Funds
£
227,891
-
-
508
228,400
-
176,976
1,194
-
46
-
-
-
-
178,216
50,184		 Unrestricted
Funds
£
450,961
-
-
-
450,961
-
366,900
2,166
-
-
-
-
-
-
369,066
81,895		 Restricted
Funds
£
30,000
-
-
-
30,000
480,961
-
25,800
1,200
-
-
-
-
-
-
-
27,000
3,000
84,895
3,319
88,214

The notes form part of these financial statements

Page 5

CHESED SHEL EMES LIMITED BALANCE SHEET

for the Year Ended 30 June 2021

Notes
FIXED ASSETS
3
CURRENT ASSETS
Debtors
Cash in Hand and in the Bank
CURRENT LIABILITIES
Creditors: Amount Falling Within One Year
CURRENT ASSETS LESS
CURRENT LIABILITIES:
LONG TERM LIABILITIES
TOTAL ASSETS LESS
CURRENT LIABILITIES:
TOTAL ASSETS LESS
TOTAL LIABILITIES:
FUND ACCOUNT
TOTAL ASSETS:		 £
-
-
126,197
126,197
-
126,197
-
126,197
126,197
126,197
126,197
£
30.06.21		 30.06.20 30.06.20
-
126,197		 -
88,214		 £
-
88,214
88,214
-
-		 -
-
88,214
88,214
88,214
88,214
£

The company is entitled to exemption from audit under Section 477(2) of the Companies Act 2006 for the year ended 30 June 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a) ensuring that the company keeps accounting records which comply with Section 386 of the Companies Act 2006 and

(b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year, and its profit and loss for the financial year, in accordance with the requirements of section 393, and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and with the Financial Reporting Standards for Smaller Entitities (effective January 2015).

ON BEHALF OF THE BOARD:

Trustee E. Weiss

The notes form part of these financial statements

30 August 2021

Page 6

CHESED SHEL EMES LIMITED

Notes to the Financial Statements

for the Year Ended 30 June 2021

1 ACCOUNTING POLICIES

Basis of preparation of financial statements

These financial statements have been prepared in accordance with the Statement of Recommended Practice (SORP), “Accounting and Reporting by Charities” effective 1 Jan

Charity status

The charity is a company limited by guarantee. The members of the charity are those directors and secretary named on page 1

Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Income

All incoming resources are included in the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.

Expenditure

All expenditure is accounted for on a accrual basis and has been included under expense categories that aggregate all costs for allocation to activities. Where costs cannot be directly attributed to particular activities they have been allocated on a basis consistent with the use of the resources.

Management and administration costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.

Going Concern

The accounts have been prepared on a going concern basis as the trustees consider the charity will continue to operate for a period of at least twelve months from the date of the approval of these accounts.

Tangible fixed assets

There is depreciation on office improvements at a annual rate of 25% straight line.

2 NET INCOME

During the year the trustees did not receive any remuneration, benefits in kind or reimbursement of expenses.

Page 7

REPORT OF THE ACCOUNTANTS TO THE DIRECTOR

OF

CHESED SHEL EMES LIMITED

for the Year Ended 30 June 2021

As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended 30 June 2021 set out on pages three to eight and you consider that the company is subject to an independent examination.

In accordance with your instructions, we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

De Claron Ltd Unit A 3 The Vale London NW11 8SB 30 August 2021

This page does not form part of the statutory finanical statements

Page 8