REGISTERED CHARITY NUMBER: 1144148
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 August 2020
for
Crouch End Chavurah
Town & Forest Chartered Accountants Suite 203, Second Floor China House
401 Edgware Road London NW2 6GY
Crouch End Chavurah
Contents of the Financial Statements for the Year Ended 31 August 2020
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | ||
| Notes to the Financial Statements | 6 | to | 7 |
| Detailed Statement of Financial Activities | 8 |
Crouch End Chavurah
Report of the Trustees
for the Year Ended 31 August 2020
The trustees present their report with the financial statements of the charity for the year ended 31 August 2020. 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
Principal Activities
Crouch End Chavurah was established as a Charity of 28 August 2011. It is registered with the Charity Commission and derives it income from donations.
FINANCIAL REVIEW
Financial Review
The Financial Statements are set out on pages 4 to 8 and summarise the transactions of the Charity during the year ended 31 August 2019. The surplus for the year ended 31 August 2019 as set out in the Statement of Financial Activities on page 4 was £13,422 (2019 - £1,680).
Reserves policy
Sufficient funds are kept in the Charity to cover the administrative costs for the future fundraising activities.
Risk Settlement
The management reviews the major risks which it faces on a periodic basis and believes that maintaining reserves at sufficient levels as stated above will provide adequate resources for the Charity, even in the event of adverse conditions.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
Organisation and Appointment of Trustees
The Trustees meet regularly during the year to plan fundraising and running of the Synagogue.
The power to elect new Trustees rests with the existing Trustees and is governed by the terms of the Trust Deed. There must be at all times a minimum of two serving Trustees. There are no fixed periods of appointment.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1144148
Principal address
34 Lightfoot Road London N8 7JN
Trustees
C Levontine J Beckman A Wise
Independent Examiner
Town & Forest Chartered Accountants Suite 203, Second Floor China House 401 Edgware Road London NW2 6GY
Page 1
Crouch End Chavurah
Report of the Trustees for the Year Ended 31 August 2020
REFERENCE AND ADMINISTRATIVE DETAILS Bankers HSBC 88 The Broadway Muswell Hill London N10 3RX Approved by order of the board of trustees on ............................................. and signed on its behalf by:
........................................................................ J Beckman - Trustee
Page 2
Independent Examiner's Report to the Trustees of Crouch End Chavurah
Independent examiner's report to the trustees of Crouch End Chavurah
I report to the charity trustees on my examination of the accounts of Crouch End Chavurah (the Trust) for the year ended 31 August 2020.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
Zara Dunster FCA Town & Forest Chartered Accountants Suite 203, Second Floor China House 401 Edgware Road London NW2 6GY
15 July 2021 Date: .............................................
Page 3
Crouch End Chavurah
Statement of Financial Activities for the Year Ended 31 August 2020
| 31.8.20 | 31.8.19 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| INCOME AND ENDOWMENTS FROM | |||
| Donations and legacies | 68,454 | 47,299 | |
| EXPENDITURE ON | |||
| Charitable activities | |||
| Charity | |||
| 49,863 | 39,161 | ||
| Other | 5,169 | 6,458 | |
| Total | 55,032 | 45,619 | |
| NET INCOME | 13,422 | 1,680 | |
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | 9,933 | 8,253 | |
| TOTAL FUNDS CARRIED FORWARD | 23,355 | 9,933 |
The notes form part of these financial statements
Page 4
Crouch End Chavurah
Balance Sheet
31 August 2020
| 31.8.20 | 31.8.19 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| CURRENT ASSETS | |||
| Debtors | 4 | 14,108 | - |
| Cash at bank | 22,313 | 10,653 | |
| 36,421 | 10,653 | ||
| CREDITORS | |||
| Amounts falling due within one year | 5 | (13,066) | (720) |
| NET CURRENT ASSETS | 23,355 | 9,933 | |
| TOTAL ASSETS LESS CURRENT | |||
| LIABILITIES | 23,355 | 9,933 | |
| NET ASSETS | 23,355 | 9,933 | |
| FUNDS | |||
| Unrestricted funds | 23,355 | 9,933 | |
| TOTAL FUNDS | 23,355 | 9,933 |
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. C Levontine - Trustee
............................................. J Beckman - Trustee
The notes form part of these financial statements
Page 5
Crouch End Chavurah
Notes to the Financial Statements for the Year Ended 31 August 2020
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.
The charity has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':
the requirements of Section 7 Statement of Cash Flows.
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
Donations made are accounted for when awarded. All other expenditure is recognised on an accruals basis.
Taxation
The charity is exempt from tax on its charitable activities.
Provisions and accruals
Provisions are recognised when there is a present legal or constructive obligation as a result of past events and the amount can be reliably estimated. Provisions are not recognised for future operating losses.
2. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 August 2020 nor for the year ended 31 August 2019.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 August 2020 nor for the year ended 31 August 2019.
3. STAFF COSTS
| STAFF COSTS | ||
|---|---|---|
| 31.8.20 | 31.8.19 | |
| £ | £ | |
| Wages and salaries | 3,340 | 2,906 |
| 3,340 | 2,906 |
continued...
Page 6
Crouch End Chavurah
Notes to the Financial Statements - continued for the Year Ended 31 August 2020
4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
|---|---|---|---|
| 31.8.20 | 31.8.19 | ||
| £ | £ | ||
| Trade debtors | 3,167 | - | |
| Prepayments | 10,941 | - | |
| 14,108 | - | ||
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
| 31.8.20 | 31.8.19 | ||
| £ | £ | ||
| Trade creditors | 12,346 | - | |
| Other creditors | 720 | 720 | |
| 13,066 | 720 |
6. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 August 2020.
Page 7
Crouch End Chavurah
Detailed Statement of Financial Activities
for the Year Ended 31 August 2020
| 31.8.20 | 31.8.19 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 2,265 | 2,990 |
| Gift aid | 18,389 | 7,652 |
| Membership Fees | 27,281 | 25,505 |
| Cheder Classes | 17,006 | 7,895 |
| Services and Events | 3,513 | 3,257 |
| 68,454 | 47,299 | |
| Total incoming resources | 68,454 | 47,299 |
| EXPENDITURE | ||
| Charitable activities | ||
| Insurance | 1,114 | - |
| Venue Hire | - | 560 |
| IT Software and Web Hosting | 1,122 | 203 |
| Teaching | 4,981 | 4,292 |
| Rabbi | 31,800 | 26,300 |
| Burial Fees | 5,304 | 4,519 |
| CAF Fee | 2,871 | 3,397 |
| Other Event Costs | 1,423 | 2,722 |
| Subscriptions | 728 | - |
| Travel Expenses | 520 | - |
| 49,863 | 41,993 | |
| Support costs | ||
| Management | ||
| Administrators Salary | 3,340 | 2,906 |
| Finance | ||
| Bank charges | 389 | - |
| Governance costs | ||
| Accountancy and Legal Fees | 1,440 | 720 |
| Total resources expended | 55,032 | 45,619 |
| Net income | 13,422 | 1,680 |
This page does not form part of the statutory financial statements
Page 8
Crouch End Chavurah 34 Lightfoot Road London N8 7JN
Town and Forest Chartered Accountants Suite 203, Second Floor China House 401 Edgware Road London NW2 6GY
Date:
Dear Sirs,
Crouch End Chavurah Letter of Representation Financial Statements for the Year Ended 31 August 2020
We have made appropriate and sufficient enquiries (including, where appropriate, inspection of supporting documentation) of the trustees, management and staff with relevant knowledge and experience of the charity. These enquiries were sufficient to satisfy ourselves that we can properly make each of the following representations to you.
GENERAL
In our opinion, the charity has satisfied the reporting conditions as specified in the Charities Act 2011. Accordingly, in our opinion the charity is exempt from audit for the period.
We acknowledge as trustees our responsibility for preparing, or causing to be prepared, financial statements that give a true and fair view. We also acknowledge our responsibility for making accurate representations to you.
All the accounting records have been made available to you for the purpose of your work and all the transactions undertaken by the charity have been properly reflected and recorded in the accounting records.
All other records and related information, including minutes of all management and trustees meetings, have been made available to you.
Proper disclosure has been made in the financial statements of all matters necessary in order for them to show a true and fair view.
We have no plans or intentions that may materially affect the carrying value (and, where relevant, the fair value measurements) or classification of assets and liabilities.
ASSETS
All assets disclosed in the financial statements were the property of the charity at the balance sheet date and all such assets have been disclosed. There were no charges or encumbrances upon any assets of the charity.
We anticipate that all current assets will realise in the ordinary course of the charity least the amounts at which they are stated. In particular, we believe adequate provision has been made against all amounts owing to the charity which are known or may be expected to be irrecoverable.
We confirm the only bank account held by the charity, and the cash book balance, was as follows and was correct at 31 August 2020:
- HSBC Community Account No. 71653369 £20,659.09
We confirm the cash in hand balance at 31 August 2020 was £nil.
We are not aware of any capital commitments. other than those disclosed in the financial statements.
LIABILITIES AND PROVISIONS
In our opinion, significant assumptions used by us in making accounting estimates, including those measured at fair value, are reasonable. Those estimates reflect our judgement based on our knowledge and experience of past and present events, and are also based on our assumptions on the conditions we anticipate will exist together with the courses of action we intend to take. In that regard, in the opinion of the trustees adequate provisions have been made.
We are not aware of any substantial liabilities, contingent liabilities or guarantees to third parties .
OTHER MATTERS
There is no litigation in progress, or pending.
No events or transactions have occurred since the period end, or are pending, which we believe could have a material effect on the financial statements or which are of such significance in relation to the charity mentioned in the financial statements in order to avoid giving a misleading view of the financial position.
We confirm that no shortages, irregularities or misappropriations of a material amount were discovered by us during the period under review.
We confirm that we are not aware of any actual or potential instance of non-compliance with those laws and regulations that provide a legal framework within which, and are central to the way in which, the entity conducts its business.
We have made appropriate enquiries and are not aware of any further transactions with related parties requiring disclosure in the financial statements.
In our opinion, on the basis of information and enquiries that are pertinent to the charity circumstances and which we believe to be adequate, it is appropriate to continue to treat the charity as a going concern. In particular we believe that adequate cash resources will be available to cover the charity twelve months from the date of signing the financial statements.
The charity has not entered into any guarantees, warranties or other financial commitments.
There were no purchase commitments in excess of normal requirements or at prices in excess of the prevailing market price, nor agreements to purchase items previously sold.
Yours faithfully,
Joel Beckman Trustee