2021-02-28-accounts - Chabad Lubavitch Of Cambridge

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CONTENTS:	CONTENTS:						PAG
Report ofthe	Trustees						1-2
Independent	Examiners Report
Statement of	Financial Activities
Balance Sheet
Statement of	Cash Flows
Notes to the Accounts							7-11
TRUSTEES;			Rabbi Dr	A RLeigh
			Dr M A Amior
			Dr RN Duschinsky
			Mr I0 Levy
COMPANY REGISTRATION NUMBER;			09452396
CHARITY REGISTRATION~ER:			1162783
REGISTERED OFFICE:			37a Castle	Street
			Cambridge
			CB3 OAH
INDEPENDENT		EXAivHNERS:	Ian W Shipley FCCA
			For and on behalf of:
			Prentis rk	Co LLP
			Chtuxered	Accountants	and Independent	Examiners
			115cMilton Road
			Cambridge
			CB4 IXE
BANKERS . '			Handelsbanken
			Byron House
			Carubridge	Business Park
			Cowley Road
			Cambridge
			CB4 OWZ

				2021	2020
			Notes
Cash flow from operating	activities		15	9,742	(19,610)
Cash flows from financing	activities
Fixed Asset additions				(4,768)	25,000
Cash provided by financing	activities			(4,768)	25,000
Change in cash and cash equivalents		in the year		4,974	5,390
Cash and cash equivalents	brought	forward		7,834	2,444
Cash and cash equivalents	carried forward			12,808	7,834

Tangible	fixed asset	fixed asset	fixed asset	s	and depreci	ation	ation	ation
Tangible	fixed assets				are stated at	cost less depreciation.			Depreciation		is provided	at	rates calculated		to
write off	the	cost offixed assets, less their estimated						residual		value, over their expected useful lives					on the
following	bases:
			Freehold property			(excluding	value	of	the land)		-2%straight		line
			Office equipment								-25% straight		line
VOLUNTARY			INCOME										Total		Total
													Unrestricted	Unrestricted
													Funds		Funds
													2021		2020
Donations													32,447		31,503
INVESTMENT			INCOME										Total		Total
													Unrestricted	Unrestricted
													Funds		Funds
													2021		2020
															f.
Rental income													916		9,574
OTHER	INCOME												2021		2020
Covid grant													19,200
Covid Job Retention				Scheme									5,020
													24,220
DIRECT	COSTS												Total		Total
													Unrestricted	Unrestricted
													2021		2020
Heat and	light												6,367		5,512
Rates													1,244		1,982
Travel and subsistence															795
Website and		computer			costs								424		400
Telephone													930		1,042
Sundry expenses													1,369		728
Interest on mortgage													10,877		11,922
Bank charges													802		982
Insurance													879		834
Depreciation													8,747		7,554
Rent															6,036
Wages and salaries													21,403		23,641
Outreach	activities												9,777		18,174
Cleaning													3,902		3,844
Childcare													1,994		3,980
Governance		costs	(see		note 6 on page 9)								3,500		3,935
													72,215		91,361

NOTES	THE FINANCIAL STATEMENTS	THE FINANCIAL STATEMENTS
6.	GOVERNANCE COSTS									Total	Total
										Unrestricted	Unrestricted
										Funds	Funds
										2021	2020
											8
	Independent examiners fees									1,076	1,048
	Legal and professional	fees								2,424	2,887
										3,500	3,935
	NET RESOURCES	EXPENDED								2021	2020
	This is stated after charging:
	Depreciation oftangible fixed assets:
	- owned by charity									8,747	7,554
	Independent examiners									1,076	1,048
	STAFF COSTS									2021	2020
	Staff costs were as follows:-
	Wages and salaries									21,403	23,641
	The average monthly	number ofemployees		during		the period was as follows:-
										2021	2020
	Administrative									3	3
	No employee received	remuneration	amounting		to	more than g60,000.
	The key management	personnel ofthe charity comprise the board oftrustees.						The total employee			benefits
	ofthe key management	personnel of	the charity		was 89,814(2020: 67,600) paid to Rabbi Dr A R						Leigh a
	trustee. R Leigh spouse ofRabbi Dr		A RLeigh received remuneration				amounting		to	f6,675 (2020: 86,000).
	TANGIBLE FIXED	ASSETS						Office		Freehold
	YEARENDED 28TH FEBRUARY		2021				Equipment			Property	Total
	COST
	Balance at 1st March	2020 and 28th Febinary 2021								1,111,009	1,111,009
	Additions							4,768			4,768
								4,768		1,111,009	1,115,777
	DEPRECIATION
	Balance at 1stMarch	2020								37,770	37,770
	Charge for the year							1,193		7,554	8,747
	Balance at 28th February 2021							1,193		45,324	46,517
	NET BOOK VALUE	AT 28th February 2021						3,575		1,065,685	1,069,260

TANGIBLE FIXEDASSETS			Freehold
YEAR ENDED 29TH FEBRUARY 2020			Propetry
COST
Balance at 1stMarch 2019 and 29th February	2020		1,111,009
DEPRECIATION
Balance at 1stMarch 2019			30,216
Charge for the year			7,554
Balance at 29th February 2020			37,770
NET BOOK VALUE AT 29th February 2020			1,073,239
All fixed assets are used for direct charitable	purposes,
DEBTORS		2021	2020
			6
Other debtors		675	675
CREDITORS AMOUNTS FALLING DUE WITHIN ONE YEAR		2021	2020
		6
Accttrals		1,050	1,030
Other creditors		6,895	10,828
		7,945	11,858
CREDITORS AMOUNTS FALLING DUE AFTER ONE YEAR		2021	2020
Mortgage		335,000	335,000

14.	ANALYSIS OF NET	ASSETS BETWEEN FUNDS	ASSETS BETWEEN FUNDS	Total	Total
				Unrestricted	Unrestricted
				Funds	Funds
				2021	2020
	Tangible fixed assets			1,069,260	1,073,239
	Current assets			13,483	8,509
	Creditors due within one		year	(7,945)	(11,858)
	Creditors due after one	year		(335,000)	(335,000)
				739,798	734,890
15.	RECONCILIATION	OF NET MOVEMENT IN FUNDS TO NET CASH FLOW FROM OPERATING
	ACTIVITIES
				2021	2020
	Net movement in funds			4,908	(25,132)
	Add back depreciation			8,747	7,554
	Increase/(decrease) in creditors			(3,913)	(2,032)
	Cash flow irom operating		activities	9,742	(19,610)

can be sum	maris	ed as fo	llows:
				2021	2020
Travel					25
Ceremonial	and	charity	activities	3,542	2,453
Administration		expenses		6,272	5,222
				9,814	7,700