REGISTERED COMPANY NUMBER: 08676852 (England and Wales) REGISTERED CHARITY NUMBER: 1157128
KEHAL MUNKATCH LIMITED (A COMPANY LIMITED BY GUARANTEE)
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022
Sugarwhite Meyer HS Ltd First Floor 94 Stamford Hill London N16 6XS
KEHAL MUNKATCH LIMITED
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022
| Page | ||
|---|---|---|
| Reference and Administrative Details | 1 | |
| Report of the Trustees | 2 | |
| Independent Examiner's Report | 3 | |
| Statement of Financial Activities | 4 | |
| Balance Sheet | 5 | |
| Notes to the Financial Statements | 6 to | 9 |
KEHAL MUNKATCH LIMITED
REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 30 SEPTEMBER 2022
TRUSTEES J Lipschitz C A Honig C Klein REGISTERED OFFICE First Floor 94 Stamford Hill LOndon N16 6XS REGISTERED COMPANY 08676852 (England and Wales) NUMBER REGISTERED CHARITY 1157128 NUMBER INDEPENDENT EXAMINER Sugarwhite Meyer HS Ltd First Floor 94 Stamford Hill London N16 6XS
Page 1
KEHAL MUNKATCH LIMITED (REGISTERED NUMBER: 08676852)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2022
The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 30 September 2021.
REFERENCE AND ADMINISTRATIVE INFORMATION
The information is shown on page 1 of the financial statements and forms part of this report.
OBJECTIVES AND ACTIVITIES
Objectives and aims
The objects of the charity are, the advancement of the religion and education in accordance with the Orthodox Jewish Faith, the relief of poverty and such other charitable objectives recognised by English law. The charity supports a place of worship and actively promotes studies and research in various forms of Jewish religious subjects.
The trustees confirm that they have given due regard the Charity Commission's guidance on public benefit.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
There trustees are pleased with the result of the year. The synagogue has started events again as Covid restrictions were eased.
FINANCIAL REVIEW
Reserves policy
The trustees do not seek to maintain reserves, other than to ensure that they can continue the activities of the charity. Reserves at the year end were £22,660 unrestricted and £14,076 restricted (2021 - £26,848 unrestricted).
FUTURE PLANS
The charity plans to continue its activities for the foreseeable future subject to satisfactory income.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is constituted as a company limited by guarantee and is governed by its Memorandum and Articles of Association dated 4 September 2013.
Organisational structure
The day-to-day affairs of the company are administered by the trustees. It is not the intention of the trustees to appoint any new trustees. Should the situation change in the future, the trustees will apply suitable recruitment induction and training procedures.
Risk management
The trustees have reviewed the major risks to which the charity is exposed and confirm that they have established systems to mitigate them.
Approved by order of the board of trustees on 25 May 2023 and signed on its behalf by:
C Klein - Trustee
Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF KEHAL MUNKATCH LIMITED
Independent examiner's report to the trustees of Kehal Munkatch Limited ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 September 2022.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors 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 under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your 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 matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act 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
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
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.
E Meyer FCA BSc
Sugarwhite Meyer HS Ltd First Floor 94 Stamford Hill London N16 6XS
25 May 2023
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KEHAL MUNKATCH LIMITED
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 30 SEPTEMBER 2022
| Unrestricted Restricted fund fund Notes £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 80,259 15,000 EXPENDITURE ON Charitable activities 2 Charitable activities 84,447 924 NET INCOME/(EXPENDITURE) (4,188) 14,076 RECONCILIATION OF FUNDS Total funds brought forward 26,848 - TOTAL FUNDS CARRIED FORWARD 22,660 14,076 |
2022 Total funds £ 95,259 85,371 9,888 26,848 36,736 |
2021 Total funds £ 79,199 |
|---|---|---|
| 65,701 | ||
| 13,498 13,350 |
||
| 26,848 |
The notes form part of these financial statements
Page 4
KEHAL MUNKATCH LIMITED (REGISTERED NUMBER: 08676852)
BALANCE SHEET 30 SEPTEMBER 2022
| Notes CURRENT ASSETS Debtors 8 Cash at bank CREDITORS Amounts falling due within one year 9 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 11 Unrestricted funds: General fund Restricted funds: Restricted fund TOTAL FUNDS |
2022 £ 2,000 35,816 37,816 (1,080) 36,736 36,736 36,736 22,660 14,076 36,736 |
2021 £ 2,000 25,748 27,748 (900) 26,848 26,848 26,848 26,848 - 26,848 |
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2022.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2022 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 25 May 2023 and were signed on its behalf by:
C Klein - Trustee
The notes form part of these financial statements
Page 5
KEHAL MUNKATCH LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, 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 Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, Donations are accounted for when received. All other income is recognised on a receivable basis.
Expenditure
Liabilities are recognised in the year in which they are incurred and includes irrecoverable VAT which is reported as part of the expenditure to which it relates.
Grants are only recognised in the accounts when paid.
Support costs are those incurred to assist the work of the charity but are not direct charitable activities.
Governance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Going concern
There are no material uncertainties about the charity's ability to continue.
2. CHARITABLE ACTIVITIES COSTS
| Grant | ||||
|---|---|---|---|---|
| funding of | ||||
| Direct | activities | Support | ||
| Costs (see | (see note | costs (see | ||
| note 3) | 4) | note 5) | Totals | |
| £ | £ | £ | £ | |
| Charitable activities | 53,882 | 30,079 | 1,410 | 85,371 |
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KEHAL MUNKATCH LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2022
| 3. | DIRECT COSTS OF CHARITABLE ACTIVITIES | |||
|---|---|---|---|---|
| 2022 | 2021 | |||
| £ | £ | |||
| Synagogue events | 19,530 | 16,174 | ||
| Synagogue upkeep | 34,352 | 18,807 | ||
| 53,882 | 34,981 | |||
| 4. | GRANTS PAYABLE | |||
| 2022 | 2021 | |||
| £ | £ | |||
| Charitable activities | 30,079 | 29,760 | ||
| The total grants paid to individuals during the year was as follows: | ||||
| 2022 | 2021 | |||
| £ | £ | |||
| Study grants | 16,610 | 11,020 | ||
| Relief of poverty | 13,469 | 18,740 | ||
| 30,079 | 29,760 | |||
| 5. | SUPPORT COSTS | |||
| Governance | ||||
| Other | costs | Totals | ||
| £ | £ | £ | ||
| Charitable activities | 330 | 1,080 | 1,410 | |
| Support costs, included in the above, are as follows: | ||||
| 2022 | 2021 | |||
| Charitable | Total | |||
| activities | activities | |||
| £ | £ | |||
| Sundries | 330 | 60 | ||
| Independent examiner's fee | 540 | 450 | ||
| Independent examiner's other fees | 540 | 450 | ||
| 1,410 | 960 |
6. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30 September 2022 nor for the year ended 30 September 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 30 September 2022 nor for the year ended 30 September 2021.
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KEHAL MUNKATCH LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2022
7. AVERAGE NUMBER OF STAFF
The average number of staff in the year was Nil (2020 - Nil)
| 8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||
|---|---|---|---|---|---|---|---|
| 2022 | 2021 | ||||||
| £ | £ | ||||||
| Loan | 2,000 | 2,000 | |||||
| 9. | CREDITORS: AMOUNTS FALLING DUE WITHIN | ONE YEAR | |||||
| 2022 | 2021 | ||||||
| £ | £ | ||||||
| Accrued expenses | 1,080 | 900 | |||||
| 10. | ANALYSIS OF NET ASSETS BETWEEN FUNDS | ||||||
| 2022 | 2021 | ||||||
| Unrestricted | Restricted | Total | Total | ||||
| fund | fund | funds | funds | ||||
| £ | £ | £ | £ | ||||
| Current assets | 23,740 | 14,076 | 37,816 | 27,748 | |||
| Current liabilities | (1,080) | - | (1,080) | (900) | |||
| 22,660 | 14,076 | 36,736 | 26,848 | ||||
| 11. | MOVEMENT IN FUNDS | ||||||
| Net | |||||||
| At | movement | At | |||||
| 1.10.21 | in funds | 30.9.22 | |||||
| £ | £ | £ | |||||
| Unrestricted funds | |||||||
| General fund | 26,848 | (4,188) | 22,660 | ||||
| Restricted funds | |||||||
| Restricted fund | - | 14,076 | 14,076 | ||||
| TOTAL FUNDS | 26,848 | 9,888 | 36,736 | ||||
| Net movement in funds, included in the above are as follows: | |||||||
| Incoming | Resources | Movement | |||||
| resources | expended | in funds | |||||
| £ | £ | £ | |||||
| Unrestricted funds | |||||||
| General fund | 80,259 | (84,447) | (4,188) | ||||
| Restricted funds | |||||||
| Restricted fund | 15,000 | (924) | 14,076 | ||||
| TOTAL FUNDS | 95,259 | (85,371) | 9,888 |
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KEHAL MUNKATCH LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2022
11. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Unrestricted funds General fund TOTAL FUNDS |
Net At movement 1.10.20 in funds £ £ 13,350 13,498 13,350 13,498 |
At 30.9.21 £ 26,848 |
|---|---|---|
| 26,848 |
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 79,199 | (65,701) | 13,498 |
| TOTAL FUNDS | 79,199 | (65,701) | 13,498 |
12. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 30 September 2022.
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