COMPANY REGISTRATION NUMBER: 07652293 CHARITY REGISTRATION NUMBER: 1144438
**CHABAD LUBAVITCH SOUTH EAST COUNTIES LTD** Company Limited by Guarantee
# **UNAUDITED FINANCIAL STATEMENTS 31 MAY 2022**
## **CHABAD LUBAVITCH SOUTH EAST COUNTIES LTD ANNUAL REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31 MAY 2022 TABLE OF CONTENTS**
## **Trustees annual report**
||**Page**|
|---|---|
|Company information|3|
|Trustees’ annual report (for company law purposes the directors’ report)|4-9|
|Independent examiner’s report to the trustees|10|
|Statement of comprehensive financial activities|11|
|Statement of financial position|12-13|
|Notes to the financial statements|14-19|
2
## **CHABAD LUBAVITCH SOUTH EAST COUNTIES LTD ANNUAL REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31 MAY 2022 COMPANY INFORMATION**
Name: Chabad Lubavitch South East Counties Ltd Charity Registration number: 1144438 Company registration number: 07652293 Registered office: Chabad House 14 Richmond Terrace Brighton BN2 9SA Trustees: Rabbi P Efune Rabbi S R Lewis Rabbi Y A J Angyalfi
For company law purposes the Trustees are also the Company directors and the Company members.
Rabbinic Team: Rabbi S Z Lewis Rebbetzin S S Lewis Independent Examiner: Shaya Grosskopf ACA 1g Accountants 33 Kings Close London NW4 2JU
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## **CHABAD LUBAVITCH SOUTH EAST COUNTIES LTD ANNUAL REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31 MAY 2022**
## **TRUSTEES’ ANNUAL REPORT (DIRECTORS’ REPORT)**
The trustees, who are also the directors for the purposes of the Companies Act 2006, present their report and the unaudited financial statements of the charity for the year ended 31 May 2022.
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 2015).
## **OBJECTIVES AND ACTIVITIES**
The principal activities of the Charity are to advance Orthodox Judaism as expounded by the teachings of ChabadLubavitch and to advance the understanding of Judaism.
The Charity provides a range of educational and social resources to further its principle objectives, primarily but not exclusively for the benefit of Jewish students and students of other faiths, in Brighton and the South East Counties.
Chabad, with its acronym for the Hebrew terms of Chochma – Wisdom, Binah – Understanding, and Da’at – Knowledge, emphasises Jewish engagement through Torah study, both of traditional Jewish thought and Chassidism. The Charity provides educational offerings geared to making Judaism intellectually stimulating, meaningful and engaging for young adults in the modern world.
Consistent with the strong emphasis within the Chabad-Lubavitch movement of living by the Biblical adage “Love your fellow as yourself”, the Charity maintains a welcoming and non-discriminatory open door policy to all Jewish students. Further to this aim, the Charity seeks to ensure the holistic wellbeing of its members, providing a range of support services to enable students to succeed materially, emotionally and spiritually while at university.
The Charity employs a ‘Rabbi and Rebbitzin’ couple, who ably lead the Charity’s activities, and who together with their children, offer a welcoming home-away-from-home for beneficiaries. The Charity also benefits from the contribution of volunteers from the student and wider community, who play a vital role in enabling the Charity to achieve its objectives.
The Charity provides grants on behalf of donors and foundations who specifically donate for such purposes, for the relief of poverty and to Chabad on Campus sister organisations, who service students at other universities across the UK.
## **PUBLIC BENEFIT**
The trustees have given careful consideration to the Charity Commission's guidance on public benefit when setting the aims and objectives of the Charity. In particular, the trustees consider how planned activities will contribute to the aims and objectives of the Charity.
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## **CHABAD LUBAVITCH SOUTH EAST COUNTIES LTD ANNUAL REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31 MAY 2022**
## **TRUSTEES’ ANNUAL REPORT (continued)**
The Charity is an affiliate of the Chabad-Lubavitch movement, with centers in over 100 countries worldwide, including more than 50 centers across the UK, serving many thousands of Britain’s Jews through its innovative and compassionate programming.
The Charity has a formal association with University of Kent, Canterbury; University of Sussex, Brighton; and University of Southampton; where its employee rabbi is recognised as a member of the university Chaplaincy team/Faith Advisor.
The Charity has no affiliation with any political organisation.
## **CHARITABLE ACTIVITIES**
At the onset of the period of this report, COVID-19 restrictions were beginning to lift. The Charity quickly adapted to the unique circumstances and fast-paced changes, ensuring continued support to beneficiaries, in new and creative ways.
## • **Chabad Garden Terrace**
As restrictions lifted, significant use was made of the newly refurbished Chabad Garden Terrace, facilitating a range of outdoor events and enabling students to meet and interact with each other safely.
A generous COVID-19 grant from TNL Community Fund made this project possible. Full details of this project can be viewed at ChabadSussex.org/5189636.
Activities in the Chabad Garden Terrace included:
- Meeting place for Shabbat packages collection every Friday, until indoor Shabbat Dinners resumed in September 2021.
- Outdoor classes, including the popular weekly Pizza n Parsha.
- Weekly day-time Shabbat lunch outdoors, until indoor Friday Shabbat Dinners resumed.
- A special belated Bar Mitzvah was hosted during the summer, for a student who had never had the opportunity to have a religious service to mark his own Bar Mitzvah.
- Rosh Hashanah Shofar outdoor blowing and buffet
- New, expanded Sukkah and associated events.
- **Classes**
- Lunch n Learn:
The weekly Lunch n Learns have continued to be a highly successful part of the Charity’s informal
educational programming. In the earlier part of this period, in the spring and early summer of 2021, the sessions were held outdoors, subsequently returning to indoor settings in Sept 2021.
The sessions continue to be held weekly at Universities of Kent, Southampton and Sussex.
## Pizza n Parsha:
The popular Pizza n Parsha sessions offer students a more immersive study session, exploring the weekly Torah reading as brought to life through the depth of Chabad Chassidic thought.
In the spirit of nurturing both body and soul, students are treated to delicious, homemade pizza.
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## **CHABAD LUBAVITCH SOUTH EAST COUNTIES LTD ANNUAL REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31 MAY 2022**
## • **Shabbat Dinner**
- Students arriving for the new university term in September, were welcomed back for the much anticipated resumption of the popular weekly in-person Friday Shabbat Dinners.
- The Charity has since seen the growth of this primary weekly event, where students have the opportunity to engage, learn, and connect in a warm community setting.
- Throughout the Spring and Summer, until the in-person Shabbat Dinners resumed, the special Shabbat Packages were available for collection every Friday.
- A weekly “Shabbat Unlocked” printed newsletter was included in the package, with student contributions, ensuring students felt a sense of community.
## • **Highlights 2021-2022**
- Bar Mitzvah:
The Bar Mitzvah of Shmulik, son of Rabbi & Mrs Lewis, was held in November 2021. The celebration was a wonderful opportunity to share the family’s joy in the traditional ‘Chabad-style’, and a momentous occasion to share meaningful lessons and values with many students and members of the local community.
## `o` Shabbat 100:
A special Shabbat Dinner was hosted at University of Sussex, with the support of the Students’ Union, to mark Jewish Awareness Week. The event was open to all students, and included all the trimmings of a full, sit down Shabbat dinner. The event was extremely successful, with a joyous, celebratory atmosphere and garnered fantastic feedback from both Jewish and non-Jewish participants. Jewish students reported feeling more confident and proud as Jews on campus, having had the opportunity to showcase their Judaism with their housemates, course mates and other peers.
## `o` Bar Mitzvah in Ramsgate:
In May 2022, a Bar Mitzvah celebration was held at the Montefiore Synagogue in Ramsgate, for a boy from Herne Bay. The joyous celebration, officiated by Rabbi Lewis, was the culmination of 6 months of weekly study sessions that the boy had with the rabbi, and the result of the Charity’s long-standing active involvement in supporting Jewish life in mid-Kent.
## • Holiday programming
- A key feature of the Charity’s activities, is it’s Jewish Holiday programming. Outlined below are highlights.
- Rosh Hashana Dinner; Shofar blowing and buffet in the Garden Terrace.
- Yom Kippur pre-fast and break-fast meals.
- New and improved Sukkah in the Chabad Garden Terrace;
- Sukkah at University of Sussex;
- Mobile Sukkah travelled throughout the region, including to Margate, Canterbury, and Southampton.
- Chanukah Public Menorah lightings at Universities of Brighton, Kent, Southampton and Sussex.
- Purim Megillah Reading at University of Sussex, for students and football fans. ‘Purim in the Shtetl’ themed party at Chabad.
- Pesach: Four Yeshiva students travelled from New York to assist with Pesach activities. The students spent the days in the lead up to Pesach visiting many Jewish households in Hampshire and Kent, distributing the special handbaked Shmura Matzah and sharing Mitzvah opportunities.
- Their trip culminated with the hosting of a Seder in Canterbury.
- A Seder was held on both nights of Pesach at the Chabad Student Centre in Brighton.
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## **CHABAD LUBAVITCH SOUTH EAST COUNTIES LTD ANNUAL REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31 MAY 2022**
`o` Lag B’Omer: BBQs were hosted in Brighton, Canterbury and Southampton.
Current students, alumni and parents of students continue to provide positive feedback, expressing appreciation for the opportunities provided by the Charity, which enable beneficiaries to discover, learn and engage with a meaningful, relevant and joyful Judaism. The feedback received confirms the profound impact that the activities and classes have on beneficiaries.
The Charity considers the holistic wellbeing of beneficiaries of vital importance. Staff offer support and guidance to beneficiaries who suffer from challenging mental health, addiction and substance abuse, general anxiety and related areas of wellbeing. The staff ‘Rabbi and Rebbitzin’ offer vital support to current students, as well as to alumni who have graduated and moved away from Brighton, who still seek their compassionate care when facing life’s difficult hurdles.
Through his links as the Jewish Chaplain/Faith Advisor at Universities of Brighton, Kent, Southampton and Sussex, Rabbi Lewis has developed strong partnerships with university leaders and student support services, including as an advisor to University of Sussex' 'Religion & Belief Forum', enabling him to support Jewish students and faculty in many invaluable ways.
## **PLANS FOR FUTURE PERIODS**
In continuing its objectives, to advance Orthodox Judaism as expounded by the teachings of Chabad-Lubavitch and to advance the understanding of Judaism amongst people of other faiths, the Charity will continue to provide its range of educational and social resources, primarily but not exclusively for the benefit of Jewish students and students of other faiths, in Brighton and the South East Counties.
The Charity continues to actively seek new donors and partners, to further secure its current activities, as well as to enable further growth across all areas of provision to beneficiaries.
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## **CHABAD LUBAVITCH SOUTH EAST COUNTIES LTD ANNUAL REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31 MAY 2022**
## **TRUSTEES’ ANNUAL REPORT (continued)**
The Charity is actively seeking financial contributions to enable the development of the planned Phase II lower ground floor of the Centre, which will provide much needed additional facilities for activities.
## **FINANCIAL REVIEW**
The Charity's income for the year amounted to £93,184 (2021: £160,601) and the expenditure for the year was £84,380 (2021: £112,968). The resulting net surplus is £8,754 (2021: £47,633).
## **RESERVES POLICY**
It is the policy of the trustees to seek to maintain funds which are the reserves of the Charity at a level sufficient to cover management, administration and support costs, subject to constraints arising from the diminishing financial and other resources available.
The trustees have established the level of unrestricted current net assets that the Charity ought to have. Reserves are needed to bridge the funding gap between spending on activities and receiving resources through voluntary income. The trustees consider that the ideal level of net current assets as at 31 May 2022 would be three months of resources expended which equates to £21,500
At 31 May 2022 the Charity had unrestricted net current assets of £32,121 (2021: £45,299) which exceeds the target figure.
The trustees noted that the Charity continued to make capital repayments of £9,000 annually against its mortgage liability. In reviewing the Charity’s finances for the current year the trustees agreed that the Charity continues to be in a strong financial position and a going concern.
The trustees are conscious of the need to further expand the Charity’s fundraising, in order to secure the activities of the charity, and are actively pursuing sources of funding in order to ensure that there are sufficient reserves to provide for future financial stability and flexibility to fund charitable activities.
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## **CHABAD LUBAVITCH SOUTH EAST COUNTIES LTD ANNUAL REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31 MAY 2022**
**TRUSTEES’ ANNUAL REPORT (continued)**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under the Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £1.
## **SMALL COMPANY PROVISIONS**
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
The trustees' annual report was approved on 30 March 2023 and signed on behalf of the board of trustees by:
## **Rabbi P Efune**
## **Trustee**
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## **CHABAD LUBAVITCH SOUTH EAST COUNTIES LTD ANNUAL REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31 MAY 2022**
## **INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES**
I report to the trustees on my examination of the financial statements of Chabad Lubavitch South East Counties Ltd (‘the Charity’ and for company law purposes, ‘the Company’) for the year ended 31 May 2022.
## **Responsibilities and basis of my report**
As the Charity’s trustees (who are also directors of the Company for the purposes of company law), you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (“the 2006 act”).
Having satisfied myself that the accounts of the Company are not required to be audited for this year under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the Charity’s accounts as carried out under section 145 of the Charities Act 2011 (“the 2011 Act”). In carrying out my examination, I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner’s statement**
I have completed my examination. I confirm that no material matters have come to my attention which give me reason to be believe that:
- Accounting records were not kept in accordance with section 386 of the 2006 Act; or
- The accounts do not accord with such records; or
- The accounts do not comply with relevant accounting requirements under section 396 of the Company Act 2006 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination; or
- The accounts have not been prepared in accordance with the Charities SORP (FRS102).
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.
## 1g Accountants
Shaya Grosskopf ACA 1g Accountants Chartered Accountants 33 Kings Close London NW4 2JU
30 March 2023
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## **CHABAD LUBAVITCH SOUTH EAST COUNTIES LTD**
## **ANNUAL REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31 MAY 2022**
## **STATEMENT OF COMPREHENSIVE FINANCIAL ACTIVITIES (INCOME STATEMENT)**
|Note
**Income**
Donations, grants, and legacies
Investment income
Other income
**Total income**
4
**Expenditure**
Expenditure on charitable activities
Expenditure on fundraising
Governance costs
Finance costs
**Total expenditure**
5
**Total Surplus for the year being total**
**comprehensive income for the year and**
**movement in funds**
7
Reconciliation of funds
Total funds brought forward
Total funds carried forwards
12|Unrestricted
funds
£
70,234
-
8,000
78,234
72,336
-
923
4,950
78,209
25
(87,261)
(87,236)|2022
Restricted
funds
£
14,850
-
-
14,850
7,071
-
-
-
7,071
7,779
546,593
554,372|Total funds
£
85,084
-
8,000
93,084
79,407
-
923
4,950
85,280
7,804
459,332
467,136|2021
Total
funds
£
143,223
3
17,375|
|---|---|---|---|---|
|||||160,601|
|||||104,534
1,893
763
5,778|
|||||112,968|
||||||
|||||47,633|
|||||411,699|
|||||459,332|
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
11
## **CHABAD LUBAVITCH SOUTH EAST COUNTIES LTD ANNUAL REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31 MAY 2022**
## **STATEMENT OF FINANCIAL POSITION**
|Note
**Fixed assets**
Tangible fixed assets
8
**Current assets**
Debtors
9
Cash at bank and in hand
**Total current assets**
**Creditors: amounts falling due with one year**
10
**Net current assets / (liabilities)**
**Total assets less current liabilities**
**Creditors: amounts falling due after more than one year**
11
**Net assets**
**Funds of the charity**
Restricted funds
Unrestricted funds
**Total charity funds**
12|2022
£
547,497
21,769
25,202
46,971
(12,832)
34,139
581,63
(114,500)
467,136
554,372
(87.236)
467,136|2021
£
550,574
15,600
29,699|
|---|---|---|
|||45,299
(13,041)|
|||32,258
582,832
(123,500)|
|||459,332|
|||546,593
(87,261)|
|||459,332|
12
## **CHABAD LUBAVITCH SOUTH EAST COUNTIES LTD ANNUAL REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31 MAY 2022 STATEMENT OF FINANCIAL POSITION (continued)**
For the year ending 31 May 2022 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. No member has required the Company to obtain an audit for its financial statements for the year in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the board of trustees and authorised for issue on 30 March 2023 and are signed on behalf of the board by:
## **Rabbi P Efune**
## **Trustee**
## **Company registration number: 07652293**
The notes on the succeeding pages from part of these financial statements.
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## **CHABAD LUBAVITCH SOUTH EAST COUNTIES LTD ANNUAL REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31 MAY 2022**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **1. General Information**
The Charity is a registered charity and a private company limited by guarantee, registered in England and Wales. The registered address is Chabad House, 14 Richmond Terrace, Brighton BN2 9SA. The liability of the members in the event of the charity being liquidated is limited to £1 each.
## **2.**
## **Statement of compliance**
The financial statements have been prepared in compliance with FRS102, ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’, the 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 (Charities SORP (FRS 102) and the Companies Act 2006.
## **3.**
## **Accounting policies**
## **Basis of preparation**
The financial statements have been prepared on the historical cost basis modified by the revaluation of freehold property to its market value. The financial statements are prepared in pound sterling, which is the functional currency of the Charity.
## **Going concern**
In the opinion of the Trustees there are no material uncertainties about the Charity’s ability to continue its operations as a going concern.
## **Disclosure exemption**
The Charity qualifies for and has taken advantage of the exemption available under paragraph 1.12 of FRS102 from presenting a cash flow statement.
## **Key judgements and estimates**
The preparation of the financial statements requires the trustees to make judgements, estimates and assumptions. A key assumption is the estimated remaining useful life of the freehold property, which has been estimated at 50 years at the financial year end, and its estimated residual value, which has been estimated at £300,000.
## **Fund accounting**
The charity’s assets are split between unrestricted funds, which are available for use at the trustee’s discretion in furtherance of the Charity’s objectives, and restricted funds, which are subject to specific
14
## **CHABAD LUBAVITCH SOUTH EAST COUNTIES LTD ANNUAL REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31 MAY 2022**
## **NOTES TO THE FINANCIAL STATEMENTS (continued)**
conditions by donors as to how they may be used. Further details on the Charity’s restricted fund are presented in note 12 to the financial statements.
## **Incoming resources**
Incoming resources are included in the statement of financial of activities when entitlement has passed to the charity; it is probable that economic benefits will pass to the charity; and that benefit can be reliably quantified. The following specific policies are applied to specific categories of income: -
- Income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable, and the amount can be reliably quantified.
- Income from government grants are recognised when there is evidence of entitlement and performance conditions have been met.
## **Resources expended**
Expenditure is recognised on an accrual basis when incurred and is inclusive of value added tax.
## **Tangible fixed assets**
Tangible fixed assets are initially recorded at cost, and subsequently stated at cost less accumulated depreciation and impairment losses.
## **Depreciation**
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value of that asset as follows:
Freehold property: 2% straight line with £300,000 residual value. Freehold improvements: 4% straight line. Plant and machinery: 25% straight line.
## **Impairment of fixed assets**
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying amount exceeds the recoverable amount the asset is impaired accordingly.
## **Financial instruments**
Basic financial instruments, being most current assets and liabilities, are measured at the cash or other consideration expected to be paid or received. Financing transactions are measured at the present value of future payments discounted at a market rate of interest for a similar debt instrument.
15
## **CHABAD LUBAVITCH SOUTH EAST COUNTIES LTD ANNUAL REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31 MAY 2022 NOTES TO THE FINANCIAL STATEMENTS (continued)**
## **Defined contribution plans**
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid distributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or cash refund.
## **4. Income**
|**Donations and legacies**
Sundry donations
Grants received
**Total donations, grants, and legacies**
**Investment income**
Bank interest earned
**Total investment income**
**Other income**
Coronavirus Job Retention Scheme
Grant
Brighton & Hove Council Covid 19
small entity grant
**Total other income**
**Total income**|Unrestricted
funds
£
58,056
27,028
85,084
-
-
-
8,000
8,000
93,084|2022
Restricted
funds
£
-
-
-
-
-
-
-
-
-|Total
funds
£
58,056
27,028
85,084
-
-
-
8,000
8,000
93,084|2021
Total funds
£
72,037
71,186|
|---|---|---|---|---|
|||||143,223|
|||||3|
|||||3|
|||||4,667
12,708|
|||||17,375|
|||||89,415|
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## **CHABAD LUBAVITCH SOUTH EAST COUNTIES LTD ANNUAL REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31 MAY 2022**
## **NOTES TO THE FINANCIAL STATEMENTS (continued)**
## **5. Expenses**
|**Expenditure on charitable activities**
Costs of charitable events
Grants paid
Premises costs
Depreciation
Staff costs
General costs
**Total expenditure on charitable**
**Expenditure on fundraising**
Donor presentations
Advertising
**Total expenditure on fundraising**
**Expenditure on finance costs**
Bank interest and charges paid
**Expenditure on governance costs**
Independent examiner’s fees
Legal, compliance and professional costs
**Total expenditure on governance costs**
**Total expenditure**|2022
2021
Unrestricted
funds
Restricted
funds
Total
funds
Total funds
£
£
£
£
16,442
-
16,442
12,281
11,822
-
11,822
49,066
7,987
-
7,987
6,275
286
7,071
7,357
6,713
26,148
-
26,148
21,430
9,651
-
9,651
5,769|
|---|---|
||72,723
6,684
79,407
104,534|
||-
-
-
1,685
-
-
-
208|
||-
-
-
1,893|
|||
||4,950
-
4,950
5,778|
||900
-
900
750
23
-
23
13|
||923
-
923
763|
||78,596
6,684
85,280
11,075|
During the financial year, the charity made the following grants: -
- 1 grant (2021: 11) to 1 individual totaling £200 (2021: £7,101) for the purpose of relieving poverty.
- 11 (2021: 11) grants to 8 (2021: 9) charitable organisations totaling £11,622 (2021: £8,200) for the purpose of advancing religion.
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## **CHABAD LUBAVITCH SOUTH EAST COUNTIES LTD ANNUAL REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31 MAY 2022**
## **NOTES TO THE FINANCIAL STATEMENTS (continued)**
## **6. Staff costs**
The total staff costs for the period are analysed as followed
|Wages and salaries
Employer pension contributions
Staff training and conferences|**2022**
**£**
**25,600**
**154**
**394**
**24,806**|2021
£
24,000
456
350|
|---|---|---|
|||24,806|
The average number of staff employed by the Charity during the year was 2 (2021: 2).
## **7. Net surplus**
Net surplus is stated after charging:
|et surplus is stated after charging:|||
|---|---|---|
||**2022**|2021|
||**£**|£|
|Fees payable for the independent examination of the|**900**|750|
|financial statements|||
|Depreciation of tangible fixed assets|**7,357**|6,713|
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## **CHABAD LUBAVITCH SOUTH EAST COUNTIES LTD**
## **ANNUAL REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31 MAY 2022**
## **NOTES TO THE FINANCIAL STATEMENTS (continued)**
|**8.**
**Tangible fixed assets**
**Market value or cost**
At 1 June 2021
Additions
Revaluation in year
**At 31 May 2022**
**Depreciation**
At 1 June 2021
Charge for the year
At 31 May 2022
**Net book values**
**At 31 May 2022**
At 31 May 2021|**Freehold**
**improvements**
**£**
13,971
3,420
**17,391**
29
387
**416**
**16,975**
13,942|**Freehold Land**
**and Building**
**£**
634,208
-
**634,208**
97,576
6,684
**104,260**
**529,948**
536,632|**Plant and**
**Machinery**
**£**
-
860
**860**
-
286
**286**
**574**
-|**Total**
**£**
648,179
4,280|
|---|---|---|---|---|
|||||**652,459**|
|||||97,605
7,357|
|||||**104,926**|
|||||**547,497**|
|||||550,574|
Security in respect of a bank loan of £123,500 (2021: £141,500) has been granted against the freehold land and building at 14 Richmond Terrace, Brighton.
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## **CHABAD LUBAVITCH SOUTH EAST COUNTIES LTD ANNUAL REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31 MAY 2022**
## **NOTES TO THE FINANCIAL STATEMENTS (continued)**
|**9.**
**Debtors**
Other debtors
**10.**
**Creditors: amounts falling due with one year**
Bank loans
Accruals
Social security and other taxes payable
Other creditors
**11.**
**Creditors: amounts falling due after one year**
Bank loans|**2022**
**£**
**21,769**
**21,769**
**2022**
**£**
**9,000**
**900**
**188**
**2,744**
**12,832**
**2021**
**£**
**114,500**
**114,500**|2021
£
15,600|
|---|---|---|
|||15,600|
|||2021
£
9,000
1,339
97
2,605|
|||13,041|
|||2021
£
123,500|
|||123,500|
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## **CHABAD LUBAVITCH SOUTH EAST COUNTIES LTD ANNUAL REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31 MAY 2022**
## **NOTES TO THE FINANCIAL STATEMENTS (continued)**
## **12. Analysis of restricted funds**
|Building fund
Office refurbishment
fund
Total restricted
funds
Building fund
Poverty fund
Sinai Fund
Total restricted
funds|At 1 June 2021
546,593
546,593
At 1 June 2020
543,316
-
-
543,316|Income
-
14,850
14,850
Income
9,990
42,729
3,083
55,802|Expenditure
(7,071)
-
(7,071)
Expenditure
(6,713)
(42,729)
(3,083)
(52,525)|At 31 May 2022|
|---|---|---|---|---|
|||||539,522
14,850|
|||||554,372|
|||||At 31 May 2021
546,593
-
-|
|||||546,593|
The building fund held by the Charity at financial reporting date of £539,522 was represented by the Charity’s land and buildings and associated improvements tangible fixed asset (2021: £546,593 wholly represented by the Charity’s land and building and tangible fixed asset).
The office refurbishment fund held by the Charity at financial reporting date of 14,850 (2021: nil) was wholly represented by cash at bank.
## **13. Transactions with trustees and related party transactions.**
No trustee drew remuneration or expenses in the current or prior year.
Included within donations is an amount of £1,114 (2021: £560) donated by Rabbi S R Lewis, a trustee of the charity.
Included in other debtors is a £8,400 loan (2021: £6,700) owed to the charity by Rabbi S Z Lewis (2020: nil). which is interest free and has no set repayment terms.
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