Lehatzliach (helping every child succeed) Registered Charity
Annual Report and Financial Statements
For The Year Ended 31 March 2023
Charity Number
1166641
Whiteside and Davies Accountants
Certified Chartered Accountants 158 Cromwell Road Salford M6 6DE
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LEHATZLIACH (helping every child succeed) CHARITY NUMBER 1166641 FINANCIAL STATEMENTS FOR YEAR ENDED 31 MARCH 2023
Contents
| Charity Information Report of The Trustees Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes forming part of the financial statements |
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| 3 4 - 5 6 7 8 9 - 12 |
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LEHATZLIACH (helping every child succeed) CHARITY NUMBER 1166641 FINANCIAL STATEMENTS FOR YEAR ENDED 31 MARCH 2023
Charity Information
Board of Trustees
D Nuewirth Y D Merlin
Administration Address
11 Heaton Street Salford M7 4AQ
Charity Number
1166641
Independent Examiner
David Pollack Whiteside and Davies Accountants Certified Chartered Accountants 158 Cromwell Road Salford M6 6DE
Bankers
NatWest Bank 6 Amhurst Parade London N16 5AD
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LEHATZLIACH (helping every child succeed) CHARITY NUMBER 1166641 FINANCIAL STATEMENTS FOR YEAR ENDED 31 MARCH 2023
Report of the Trustees
The trustees have pleasure in presenting their report and the financial statements of the charity for the year ended 31 March 2023.
The accounts have been prepared in accordance with the accounts policies set out in note 3 to the accounts.
Status and Administration
The Charity, constituted by CIO - Foundation Registered 20 April 2016 and is a Registered Charity. is a Registered Charity.
Charitable Objects
To advance the education of children of all ages particularly those with special
needs by providing and assisting in ther provision of facilities and services
to meet their educational, developmentaland social welfare needs so as to achieve their full potential
The trustees are pleased that the charity has performed in accordance to its objects during the year. It is envisaged that similar progress will ensue in the following year.
Trustees
The trustees in office throughout the year were David Neuwirth and Yissochor Dov Merlin. All trustees give of their time freely and no trustee nor any person connected with them received any remuneration during the year.
Reserves Policy
The trustees do not deem it necessary to retain reserves of more than £100 as the charity has no commitment to distribute any more than what is held and any given moment.
Investment policy and returns
Under the memorandum and articles of association, the charity has the power to make any investment which the trustees see fit.
Risk Management
The trustees have identified and reviewed the major risks to which the charity is exposed. Both manual and automated checks are regularly invoked, particularly those relating to the operations and finance of the charity. The trustees are satisfied that these systems and procedures mitigate any perceived risks.
Public Benefit Policy
We have referred to the guidance in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities.
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LEHATZLIACH (helping every child succeed) CHARITY NUMBER 1166641 FINANCIAL STATEMENTS FOR YEAR ENDED 31 MARCH 2023
Report of the Trustees (continued)
Achievements and performance
Total donations received during the year was £5,335 (2022: £0) of which was mainly used to make payments towards activities and rental of premises of £6,019 (2022;£0) This is the first year the charity has started its activities
Responsibilities of the Trustees
Charity Law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the Balance Sheet Date, and of its incoming resources, including income and expenditure for the financial year.
In preparing those financial statements, the Trustees should follow best practice and
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a. Select suitable accounting policies and apply them consistently.
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b. Make judgments and estimates that are reasonable and prudent.
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c. Follow applicable accounting standards and the Charities SORP, disclosing and explaining any departures in the financial statements.
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d. Prepare the financial statements on the going concern basis unless it is inappropriate to assume that the charity will continue in operation.
The Trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them as Trustees to ensure that the financial statements comply with the Charity Law.
The Trustees are also responsible for safeguarding the charity's assets and hence for taking reasonable steps for the prevention and detection of fraud and other regularities.
Approved by the Trustees on 28 January 2024
D Neuwirth - Trustee
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LEHATZLIACH (helping every child succeed) CHARITY NUMBER 1166641 FINANCIAL STATEMENTS
FOR YEAR ENDED 31 MARCH 2023
Independent Examiner's Report to the Trustees
Independent examiner's report to the trustees of "Lehatzliach(helping every child succeed)" on accounts for the year to 31 March 2023 set out on pages 7 to 12
I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31 March 2023.
Responsibilities and basis of report
As the charity's trustees, 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 2011 Act and in carrying out my examination, I have followed all the 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 which gives me cause to believe that in, any material respect: a) the accounting records were not kept in accordance with section 130 of the Charities Act; or b) the accounts did not accord with the accounting records; or
c) the accounts did 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.
David Pollak Whiteside and Davies Accountants 158 Cromwell Road Salford Manchester M6 6DE 28 January 2024
LEHATZLIACH (helping every child succeed) CHARITY NUMBER 1166641 FINANCIAL STATEMENTS FOR YEAR ENDED 31 MARCH 2023
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Statement of Financial Activities
| Incoming Resources Donations Received Net incoming resources available for charitable application Resources expended Charitable activities Governance costs Accumulated Funds Net surplus (deficit) for the year Balance brought forward Balance carried forward |
Notes 3 4 |
Unrestricted funds £ 6,027 6,027 6,019 300 6,319 (292) (50) (342) |
Unrestricted funds £ 6,027 6,027 6,019 300 6,319 (292) (50) (342) |
2023 Total £ 6,027 6,027 6,019 300 6,319 (292) (50) (342) |
2022 Total £ 0 0 0 50 50 (50) (50) |
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The Notes on page 9 to 12 form part of these financial statements
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LEHATZLIACH (helping every child succeed) CHARITY NUMBER 1166641 FINANCIAL STATEMENTS FOR YEAR ENDED 31 MARCH 2023
Balance Sheet At 31 March 2023
| Current Assets Cash at Bank Current Liabilities Creditors Net Current Assets Net Assets Accumulated Funds Unrestricted |
Notes 5 6 |
2023 £ 8 (350) (342) (342) (342) (342) |
2022 £ 0 (50) (50) (50) (50) (50) |
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Approved by the Trustees on 28 January 2024 and signed on behalf of them all.
D Neuwirth - Trustee
The Notes on page 9 to 12 form part of these financial statements
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LEHATZLIACH (helping every child succeed) CHARITY NUMBER 1166641 FINANCIAL STATEMENTS FOR YEAR ENDED 31 MARCH 2023
Notes To The Accounts
1. General information
The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the principal office is 46 Durley Road London N16 5JS.
2. Statement of compliance
The financial statements have been prepared under the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal and fall into one of two sub-classes: restricted income funds or endowment funds.
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LEHATZLIACH (helping every child succeed) CHARITY NUMBER 1166641 FINANCIAL STATEMENTS FOR YEAR ENDED 31 MARCH 2023
Notes To The Accounts (continued)
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
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income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
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legacy income is recognised when receipt is probable and entitlement is established.
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income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
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income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
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expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, and the sale of donated goods.
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expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
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other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
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LEHATZLIACH (helping every child succeed) CHARITY NUMBER 1166641 FINANCIAL STATEMENTS FOR YEAR ENDED 31 MARCH 2023
Notes To The Accounts (continued)
Financial instruments
A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.
Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment.
Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.
For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
LEHATZLIACH (helping every child succeed) CHARITY NUMBER 1166641 FINANCIAL STATEMENTS FOR YEAR ENDED 31 MARCH 2023
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Notes To The Accounts (continued)
2) Taxation
| The Charitable Company is exempt from taxation on its charitable activities. 2023 3) Charitable activities £ Cost of Activities In Furtherance of the Charity's Objects rent for activities 6,019 all distributions made were in relation to relief of poverty. 4) Governance costs Accountants and Independent examiner's fees 300 300 5) Creditors Accruals 350 350 6) Accumulated Funds Unrestricted Balance brought forward (50) Net surplus (deficit) for the year (292) Balance carried forward (342) 7) Independent examination fees Fees payable to the independent examiner for: Independent examination of the financial statements 300 |
2022 £ 0 50 50 50 1,450 (50) (50) 50 |
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