REGISTERED CHARITY NUMBEK. 1164563 RePt ofthe TTUStaes and Unaudited FSnancial StatemÈrts FOR THE YEAR ENDED 29 February 2024 THE KEMACH FOUNDATION Melir*k Flne LLP charte knouniarts Fir FkMN, Winston House 349 Regents Pa Road London N3 IDH
THE KEMACH FOIJNDATION Contents of the Financial Statements FOR THE YEAR ENDED 29 FEBRUARY 2024 Rep ofthe Tn I to 2 Ind•p•ndent Examinrfs Report ststemént ot Financial Acbvitles Balance Sheet CBsh Flow St•tsment Notes to the Cash Flow Statement Notss to the Finan¢lal Statemqnts 8 to 9
THE KEMACH FOVNDATION Report of the Trustees FOR THE YEAR ENDED 29 FEBRUARY 1024 The bu5tees present ttir wjrt with th2 financol siatennts cl the charfty for ts yew ended 29 February 2024. The trustees have adopted the provi&ons of Acc(mJnng and Reporting by tharlty"es'. StatewTRnt of Recommended Practice aPpIthb to d)leS preparing their aCcnts in accordance with the Financkil RetxJrt6ThJ Stsndard aptable in the UK aThJ Republ of Ireland IFRS 1021 leffettfve l January 20191. OBJECTIVES AND AcnvrriES Objectlves and aimg The 9)al of The Kemach FjatIOn is tr> Irease the leveb cl observant Jewlsh twple In the workfo. Its objectives are achleved by Indlvldualty addressng finandal and academK thallenges and faclitatiTrJ Tr?b Flatent to ccnfront critral Issues of al bilty, equal $5 to hher edLKabon and worforce partiupabon. The objects cl the CIO as per it5 Trust Deed are.. - The relief of finanaal hardship amon9 Jewish Feople living or worklThJ In Ie7 andlor elserfth ty providiro 1 kysons with education and trn¢niry ark1 a5gstance to find empwment The a<fvaKewnt of the Jewlth religion through lIgIOUS tIon hhJher atatsmic prcleS)lI andlc vIK&Cl edlaan traing. Significant arthfftles The tharty pursues Its obJectives by supp)rtirvJ the tharitale Drk OfT Kh Fwndati¢M In Jerwlem. lyael. Publlc b•nefft The Tnthes confinn their Complian th the thty to have (lue r£gard to the pthlK Lwefit guithrKe published by tp arity Corniission when reewIng the Chailty's alms and obiecUves ab in pL4nniNJ future ELtiV"eS. Volunteers There were no volunieers dwlro the year. ACHIEVEMEMf AND PERFORMANCE awritable artivitie5 The charlty has had a sxce5sful year, raising £682,280 12023: £730,943) In donations and maThJ grants trkalling £682.079 {2023.' £730,733) to The Kernh FouThJab"on in lyael. lrternal and external factors There are m SFeclfic faciors to rep)rt. FINANCIAL REVIEW Reserves pollcv The charlty aims to rnalntsln reseS In ¢xder t1¥3t It Is in a pKJ4tk)n to Khieve gant making thities at a conastent vel and to cover contingendes of additJMI calls belng made charlty for gJpport of organisations instthdon5 or ir¥JNiduals in tlmes of need. FUTURE PLANS The trustee5 plan to ConnlE to pursue charttable objKtNes ¢f the chanty and that the abllty to gerErate sufficSent I[Me is maint"ed to achleve that end. sTriicruRK GOVERhlAP4CE AND MANAGEMENT Governing do¢ument The charty u)ntrC4d ty ts gmmlng doojment, a deed of tmst and con5titLrtes an unlncorpoRt8J tharity. Organisational 5tructurn The ch)rlty must have a muiimum of3 tw#ees, The trvstees regularfy to man&¥ the busts ofthe tharity. Induction and tralnlng of nÈw trustees Apart from the fi trust*s, every Irustee must te ap$ted by a resolukn.on passed at a proFerty corNened meetlng the trustees. Trustees ML& have regard to the Sk11 knowledge arKI experlence ded for the effectNe management the ao.
THE KEI4AC•I FOUNDATION Report of the Trustees FOR THE YEAR ENDED 29 FEBRUARY 2024 stRUCTURE, GOVERNAIICÉ AND mANmENT Risk managemert The tSt ha the rroiw rl¥s ro whth the charity is exkwd and are satfied thèt 5Werns are In pkxe to mitite exposure to major risk5. REFeRENCE AND ADMINISTRATIVE I)EfAILS Reglstsred Charlty n¥mbeY 1164563 Prfnclpal thlress Fourth Fl¢x)r 30 Market rla London wiw &4p MrLNt Mr S Kanter SIrMLDs Mr M Abadi Inthjendert Examiner Melinek Fine LLP Chartered Atcountsnts First Floor, Wlnston House 349 Rewts Park Road London N3 IC1 Apwoved by order o 6 July 2024 the board of trustees on .......... . shJn&l on its tha bv.. MTLNoe-Tru PJJe 2
THE KEMACH FOUNDATION SL*emtnt of Flnanclal Actlvltle5 FOR THE YEAR ENDED 29 FEBRUARY 2024 2024 Unre5trkled fund 2023 Totsl fuTrJs IPKOME AND ENIXIWMENTS FROM Lknnatrons and legack5 EXPENDITURE ON Ch3rttabl¢ artlvlties Owiiable lltieS Lknatr)rG to Kemach, Igael 1,591 127 730 733 683 670 730 NET INCOMEI(EXPENDrnIRe) RECONCILIATION OF FUNDS Total furKls tWOht forward 11,863 11,7 TOTAL FUNDS CARRIED FORWARD The form port [ firklTKral 5tstements Page4
THE KEMACH FOUNDATION Balance Sheet 29 FEBRUARY 2024 2024 Unrestrthd fund 2023 Totsl fuNIs Nctes Cash at bank 11,433 12,823 CREDITORS Pm(wnts falllng thje wrthin Th)e year 19601 (960) NEf CURRENT ASSErs TOTAL ASSETS LESS CURRENT LIABILThIES 10,473 11,863 NEf ASSErs FIINDS Unre*rftted fuThJs TOTAL FUNDS The naL{l Strtents were approv&J by the Bcard of Trustees and authised for i59Je on 6 July. 2024 . and were ggngj OTr Its behaK by: MrL- The f¢m) part of these fiThirthl Statents Paje 5
THE KEMACH FOIJNDATION Cash Flow Statemert FOR THE YEAR ENDED 29 FEBRUARY 2024 2024 2023 N(*es Cash flow5 from tsratIng activities sh generted from OFeralk)ns 83 Net cath ld In}Iwovithd by operatiwJ athltles Chan90 In cash and cash équlvalents in the re1lg pÈrlod Cash and cash Èqulvalerts * the beglnnlng of th¢ ertIng perlod {1,31} 83 Cash and cash equiYalerrtS at the end of the reporting period The notes forrn part of these flnarKial aatfjnerts Page 6
THE KEMACH FOU14DATION Notes to the Cash How Statement FOR ThE YEAR ENDED 29 FEBRUARY 2024 RECONCILIATION OF NEf (EXPENDITURE)IINCOME TO NEf CASH FLOW FROM OPERATING ACTivfTIES 2024 2023 Net {expenditure)lincome for th¢ reporting period (as pw the statèment of FinaKW ActlYltles} Adjustments for: I1.3} Ilet Iwed In)Iprovided lry opwations 83 ANALYSIS OF CHANGES IN NEf FUNDS At 1.3.23 29.2.24 Net ca$h Cath at bonk Totsl The notes frym part of these finarKial ststements Paje 7
THE KEMACH FOUNDATION Notes to the Flnancial Statsments FOR THE YEAR ENDED 29 FEBRiIARY 2024 ACCOUllllNG POLiaES Basis of preparing the financial stjtsments The finanaal stslements of the charsty, which 15 a put4K enbty FRS 102, ha¥e been prepared In accordarKe with the Ch3rtdes SORP (FRS 102) 'AccountirrfJ and ReF¥)rtOwJ by Charitfs.. Statent of Recomment appl) io ttritIeS preparfng thèlr acc(xmts In Kcordance wlth the FITra1 Retx)rtiNJ Stsndard applicable in the UK and RepublK OF IreIarA IFRS 102) (effective l january 20191,, Financ1 Rep)rtirKJ Siandard 102 FInar31 RepoTtirwJ Stsndard applicable Trn UK arwj Republlc of Irekind and the Charits P£t 2011. Tr firorKial statements have been prepared unthr the hisiorfcal cost conventK)n. Income All Income Is reccojnlsed In the Statement of Flnancbl ACtfves oKe the cNiriiy has entiuernent to the funds it i5 probatrAe ttwt the Incon wlll LE recefved aTrJ the amount can be meagjred rdlally. Expendlture atm11t$ are recognid as exwditure as as there is a gaI tsr ¢crf&rucbve obli9Jt#)n cnrnrttirIj charfty to that expeThJlture, It Is probable th3t a transfer of MMIC tefits wll be requir1 in setuefftent aT¥J the amount of the obligath)n can be measured rdk3bty. Expenditure is accounted for on an a(mJals bas has been clasgfEd urKkr head15 tlklt aggregate all wst rat to the category. Where cc6ts canTh)t be dlrec attributed to parbthlar headirvjs they have treen altratÈd to &twrties on a b3gs Stent wSth the use of Grants offered subjett to conditw)ns which thve not teen met at the year date are noted as a cornmthnt but not écqued as eXtndire. Taxat5on The charty is exempt from tax charitsble Ktwities. Fund accounting Unrestsl¢led fuThJs can tse used in aCcOrthn wth chaitatle objLrUves at the dlscretbn of trtee& Rewitted fvnds on be used for parucular re5trickd purw5 wlihln the objetts of chaity. Re5tricknon5 arise wIn w¢ied by tIE or when fuvK15 are rSed lor partiLuhr restrthd puryx6es. Foreign currencies sets and lbbili1S in foreign currendes a tsnated ir*0 sterlry at the ra of exchaTrJe nAiTrJ at t baLirKe sheet date. TrSac05 in fo1g currencies are tfdn4ateil into 5terlng at the rate cl excharrfje mlirvJ at the date of trartsactbn. Exchange dlffereKes are taken knto account in arrn9 at U)e 0ratIng re. DONATIONS AND LEGACIES 2024 2023 Dcffjatlors 730 943 P8 ccfitlnued...
THE KEMACH FOUNDATION Notes to the fimancial Statements- ¢ontlnued FOR THE YEAR ENDED 29 FEBRUARY 2024 CHARrrABLE AcnvrtlES cosrs frart fU1rj of acb'vitEs (see te 4) Sup cost5 le note 5) Totsls Charrtable thiltles Donations to KemKh, tsrael 1,591 1.591 683 670 GRA14TS PAYABLE 2024 2023 Donations to Kemach, Israel Goveman narKe Totsls aritatAe aclivFVes 631 960 TRusfEEY REMUNERATION AND BENEFITS There were no trustees, renration or other bets for the year entsj 29 February 2024 nor for the year eThd 28 February 2023. waE Tr) expenses pald for the year entsd 29 February 2024 for the Ye ended 28 February 2023. CREDITORS: AMOUNTS FALLING DUE wmiiN ONE YEAR 2024 other u8Jltc 960 960 RELATED PAirrY DISCLOSURES During the year £681,979 (2023.. £693,408) was thnatgj by charlUe5 sclne trusw In convnon wlth The KeThoch FouthtK)n. Dwlng tIE year, É682,07912023.. £730,733) wa5 thxated to the Kemach FodaOn kn Iml, a ch•lty one trthree In ccfflmon wltt) Tr Kemath Foundation. P4e9