## elarelale 

**Trustees Report and Audited Financial Statements** 

For the year ended 30 September 2024 

Chana Charity Ltd Registered Charity Number: 1172957 Registered Company Number: 10751229 



**CHANA CHARITY LTD** 

**Contents of the Financial Statements FOR THE YEAR ENDED 30 SEPTEMBER 2024** 

|||**Page**|
|---|---|---|
|**Report of the Trustees**|1|to 6|
|**Report of the Independent Auditors**|7|to 10|
|**Statement of Financial Activities**||11|
|**Balance Sheet**||12|
|**Cash Flow Statement**||13|
|**Notes to the Cash Flow Statement**||14|
|**Notes to the Financial Statements**|15|to 21|





## **Report of the trustees for the year ended** 30 September 2024 

**The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30th September 2024. 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 2019).** 

Chana continues to ensure it has funds available to be able to help all those that required. Also, that the charity is able to operate at a professional level and implement new services when a significant need has been identified. 

As a charity that is funded solely by private donations and grants, Chana takes responsibility to ensure all funds are in place before launching any new initiatives. 

## **Objectives and Activities** Objectives and aims 

Chana supports married Jewish couples (as defined by the Office of the Chief Rabbi of the UK) with fertility related concerns and issues. This covers a wide range of areas from the inability to fall pregnant, miscarriages and stillbirth, male infertility, complications with birth, fertility preservation for newly diagnosed cancer patients, supporting couples with genetic issues to have children and many other areas that cause a couple issues which prevent them from having a child. 

With fertility complications affecting 1 in 6 couples, Chana provides important services to allow couples to access the help they need and facilitates what can sometimes be a long, complicated and emotional journey. With the NHS provisions for fertility related matters down to its lowest in decades, and in some cases non-existent the number of couples turning to us for help is higher than ever. The cost of treatments is increasing and on average, it can cost a couple £28,000 to have the baby they always dreamt of. 

Chana supports these couples and ensures the process is as easy for them as possible. 

Chana Charity Ltd (Registered Charity Number: 1172957) 

**1** 



## **Chairman Report** 

For the last 31 years Chana has been fortunate to assist thousands of couples, emotionally and practically, within our community since 1994. 

Chana has seen a considerable amount of growth. Beginning around the kitchen table with our closest friends, we are now currently helping over 250 couples at this very moment with fertility and reproductive health. With our help, we are seeing a birth from one of our clients every single week on average. 

With the support of a small number of incredibly generous donors, we were able to move into new renovated offices and therapy rooms in June 2024. At the Kasner Centre, we’ve been able to create a modern, professional therapy space for our clients and the wider community, making sure the quality of care they receive is of the highest standard. We would encourage anyone to come by and visit us in Hendon and see the spaces for yourself. 

In spite of the challenges clients face, Chana is able to deliver support to all who need it. The Chana team is delivering a full service without any waitlists to all those eligible. We have an excellent management team and office staff who are constantly striving for the highest levels of professionalism, in both the care that we offer and the day-to-day running of Chana. 

Along with my fellow trustees and management team, we have planned clear strategic growth for the short, medium and long term and look forward to seeing continued success. 

## **Public Benefit** 

The trustees confirm that they have referred to the Charity Commission’s general guidance on public benefit when reviewing their aims and objectives, planning future activities and setting their grant making policies for the year. 

Chana Charity Ltd (Registered Charity Number: 1172957) 

**2** 



## **Services** 

## **Chana offers clients a range of services based on their needs:** 

- A confidential telephone helpline - Clients can phone our helpline and speak to one of our support workers who will be able to support them and guide them through the process of accessing help should they require it. 

- Confidential one-to-one and couples counselling. 

- Specialist medical support and information. We are privileged to have a Medical Advisory Panel of specialist consultants and medical practitioners, sensitive to the centrality of Jewish Law. They can offer expert guidance and identify the top relevant specialists in specific cases. All clients are able to have their cases presented to this multi-disciplinary team which meets quarterly; which would not be available to them anywhere else. 

- Financial assistance to help meet the cost of fertility investigations, treatment and counselling which would not otherwise be available on the NHS 

- Interactive Webinars & our Unexpecting Podcast where those who need can access dynamic and comprehensive information in other ways. 

- We run Educational Sessions for GPs, Rabbis and Rebbetzens (Rabbis’ wives), as well as members of the community on specific relevant subject matters. We also run webinars presented by Chana featuring some of the UK’s leading clinicians and professionals in the infertility world. This is free for the public and questions can be asked anonymously. 

## **Grant Making** 

The grant making policy is based on the trustees’ decision following investigation of applicants’ circumstances and with special reference to low income. This is always following full review of the couple’s medical history by the Medical Advisory Panel. 

Chana Charity Ltd (Registered Charity Number: 1172957) 

**3** 



## **Strategic Report** 

## **Achievement and performance 2023-2024 Year in Review** 

- Chana has helped create 953 babies since it was founded in 1994. This year we were made aware of 52 births from our couples. 

- 298 couples accessed help over the year to understand their fertility options and the treatments available to them, as well as being given emotional and practical support throughout their journey. They have accessed over 2300 hours counselling. 

- More than £750,000 was spent in order to provide counselling, telephone helpline, financial and medical support which was unavailable to them on the NHS and allowed them to have the baby they always dreamt of. 

- Our Support team expanded with new specialists and training, with members of our inhouse team now qualified to deliver EMDR therapy. We have also continue to benefit from 1 midwife to work directly with clients and assist with patient advocacy. 

- We continued to deliver educational and awareness events online and in person. We held these to inform the community of the work we do which, in turn, raised vital, additional funds to help us support those approaching us for help. 

## **Fundraising** 

As a charity which is reliant solely on private donations, we ensure that we have the funds in place for all activities. 

Our third consecutive crowdfunding campaign took place in December 2023. It proved to be incredibly successful following on from our previous campaigns. We made the decision not to hold the campaign annually as it was felt by our team and trustees that the donations raised were sufficient for us to carry it through over a years period. This campaign took place nearly 2 years from the previous campaign which took place in January 2022. 

The annual Chana Car Rally ran again this year. The Rally took place in Nice, France in June 2024 and was attended by 60 guests who raised £419,658 for Chana. 

Our total income was £1,724,306 (2023: £1,626,529) and expenses were £1,495,912 (2023: £1,354,642) a net income of £228,394 (2023: £271,887). 

For the next financial year, we continue to look for new avenues of funding from both private donors and trusts as well as public grants that may be available to the charity. 

Chana Charity Ltd (Registered Charity Number: 1172957) 

**4** 



## **Financial Review** Financial position 

This year, with growth we have worked to ensure we have a suitable reserve policy in place and that, to the best of our ability, there is always three months of reserves in place. 

As of 30th September 2024, net assets were £1,511,232 (2023: £1,282,838) which exceeds the reserve policy and ensures we can move forward as planned with the 2025 budget. 

## **Principal funding sources** 

Principal sources of funds are through fundraising events and the generosity of the public. 

## **Reserves policy** 

The trustees aim to build up reserves to a level of at least 3 months running costs. This is to protect the Charity in the event that total income resources are lower than anticipated, and to protect services provided in the event of a time limited grant before having secured funding from a new source. As of 30th September 2024 the Charity had unrestricted reserves of £150,370, covering 3 month’s running costs. The trustees are confident that with their increased efforts they will be able to raise the necessary funds to increase reserves level if needed. 

## **Goals for 2025** 

- Continue to promote Chana to relevant communities to ensure more people reach us who need to. 

- Continue to assess our systems and polices and ensure we are offering the best level of care to Chana clients. Making sure that Chana is able to provide a professional level of service while remaining versatile in the adapting landscape. 

- Continue to grow the Support team to ensure we can meet the growing demands on the charity with a range of services, providing ongoing training to our existing team of SWs. 

- Promoting the Kasner Centre. Establishing a professional therapy and events space available to the local community and Chana clients. 

- Develop and grow new fundraising opportunities to ensure the finances are in places for the additional cost pressures on the charity. 

- Focused events for men to encourage education in the community that fertility is not only a female issue. 

- Developing bespoke educational packages for religious high schools in the London area 

- Inviting other local charities to Round table discussions and brainstorming sessions to encourage greater collaborations and reduce duplication of activities while ensuring communal funds are always carefully spent 

Chana Charity Ltd (Registered Charity Number: 1172957) 

**5** 



**CHANA CHARITY LTD (REGISTERED NUMBER: 10751229)** 

## **Report of the Trustees FOR THE YEAR ENDED 30 SEPTEMBER 2024** 

## **STRUCTURE, GOVERNANCE AND MANAGEMENT** 

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. 

## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number** 

10751229 (England and Wales) **Registered Charity number** 1172957 

## **Registered office** 

23 Ravenshurst Avenue London NW4 4EE 

## **Trustees** 

Mr U N Goldberg Mrs E Grosskopf (resigned 31.10.23) Mr B Groszman Mr D P Rabson Mr M Stimler Mrs E Morris (appointed 5.12.23) 

## **Auditors** 

Melinek Fine LLP Chartered Accountants Statutory Auditors First Floor, Winston House 349 Regents Park Road London N3 1DH 

## **STATEMENT OF TRUSTEES' RESPONSIBILITIES** 

The trustees (who are also the directors of Chana Charity Ltd for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). 

Company 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 charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to 

- select suitable accounting policies and then apply them consistently; 

- observe the methods and principles in the Charity SORP; 

- make judgements and estimates that are reasonable and prudent; 

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. 

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. 

In so far as the trustees are aware: 

- there is no relevant audit information of which the charitable company's auditors are unaware; and 

- the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information. 

## **AUDITORS** 

The auditors,  Melinek Fine LLP, will be proposed for re-appointment at the forthcoming Annual General Meeting. 

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. 

Approved by order of the board of trustees on 30 July 2025 and signed on its behalf by: 

Mr B Groszman - Trustee 

Page 6 



**Report of the Independent Auditors to the Members of Chana Charity Ltd (Registered number: 10751229)** 

## **Opinion** 

We have audited the financial statements of Chana Charity Ltd (the 'charitable company') for the year ended 30 September 2024 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). 

## In our opinion the financial statements: 

- give a true and fair view of the state of the charitable company's affairs as at 30 September 2024 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended; 

- - have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and 

- have been prepared in accordance with the requirements of the Companies Act 2006. 

## **Basis for opinion** 

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report.  We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements.  We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. 

## **Conclusions relating to going concern** 

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. 

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. 

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. 

## **Other information** 

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon. 

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. 

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.  We have nothing to report in this regard. 

## **Opinions on other matters prescribed by the Companies Act 2006** 

In our opinion, based on the work undertaken in the course of the audit: 

- the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and 

- the Report of the Trustees has been prepared in accordance with applicable legal requirements. 

Page 7 



**Report of the Independent Auditors to the Members of Chana Charity Ltd (Registered number: 10751229)** 

## **Matters on which we are required to report by exception** 

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees. 

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion: 

- adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us; or 

- the financial statements are not in agreement with the accounting records and returns; or 

- certain disclosures of trustees' remuneration specified by law are not made; or 

- we have not received all the information and explanations we require for our audit; or 

- the trustees were not entitled to take advantage of the small companies exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Trustees. 

## **Responsibilities of trustees** 

As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. 

In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so. 

Page 8 



**Report of the Independent Auditors to the Members of Chana Charity Ltd (Registered number: 10751229)** 

## **Our responsibilities for the audit of the financial statements** 

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion.  Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. 

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: 

We identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial statements from our: general commercial and sector experience; through verbal and written communications with those charged with governance and other management; and via inspection of the company's regulatory and legal correspondence. 

We discussed with those charged with governance and other management the policies and procedures regarding compliance with laws and regulations. 

We communicated identified laws and regulations to our team and remained alert to any indicators of non-compliance throughout the audit, we also specifically considered where and how fraud may occur within the company. 

The potential effect of these laws and regulations on the financial statements varies considerably. 

Firstly, the company is subject to laws and regulations that directly affect the financial statements, including: the company's constitution, relevant financial reporting standards; company law; tax legislation and distributable profits legislation and we assessed the extent of compliance with these laws and regulations as part of our procedures on the related financial statement items. 

Secondly the company is subject to many other laws and regulations where the consequences of non-compliance could have a material effect on the amounts or disclosures in the financial statements, for instance through the imposition of fines and penalties, or through losses arising from litigation. We identified the following areas as those most likely to have such an affect: employment legislation; health and safety legislation; trade legislation; data protection legislation; anti-bribery and corruption legislation. 

International Standards on Auditing (UK) (ISAs (UK)) limit the required procedures to identify non-compliance with these laws and regulations, and no procedures over and above those already noted are required. These limited procedures did not identify any actual or suspected non-compliance with laws and regulations that could have a material impact on the financial statements. 

In relation to fraud, we performed the following specific procedures in addition to those already noted: 

Challenging assumptions made by management in its significant accounting estimates. 

Identifying and testing journal entries, in particular any entries posted with unusual nominal ledger account combinations, journal entries crediting cash or any revenue account, journal entries posted by senior management. 

Performing analytical procedures to identify unexpected movements in account balances which may be indicative of fraud; 

Ensuring that testing undertaken on both the performance statements and the Balance Sheet includes a number of items selected on a random basis. 

These procedures did not identify any actual or suspected fraudulent irregularity that could have a material impact on the financial statements. 

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with International Standards on Auditing (UK)(ISAs (UK)). For example, the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely the procedures that we are required to undertake would identify it. In addition, as with any audit, there remains a high risk of non-detection of irregularities, as these might involve collusion, forgery, intentional omissions, misrepresentation, or the override of internal controls. We are not responsible for preventing non-compliance with laws and regulations or fraud, 

and cannot be expected to detect non-compliance with all laws and regulations or every incidence of fraud. 

Page 9 



## **Report of the Independent Auditors to the Members of Chana Charity Ltd (Registered number: 10751229)** 

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors. 

## **Use of our report** 

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed. 

Mr Aryeh Melinek, FCA (Senior Statutory Auditor) for and on behalf of Melinek Fine LLP Chartered Accountants Statutory Auditors First Floor, Winston House 349 Regents Park Road London N3 1DH 

Date: 30 July 2025 

Page 10 



## **CHANA CHARITY LTD** 

## **Statement of Financial Activities (Incorporating an Income and Expenditure Account) FOR THE YEAR ENDED 30 SEPTEMBER 2024** 

|Notes<br>**INCOME AND ENDOWMENTS FROM**<br>Donations and legacies<br>2<br>**Charitable activities**<br>5<br>Income from charitable activities<br>Other trading activities<br>3<br>Investment income<br>4<br>**Total**<br>**EXPENDITURE ON**<br>Raising funds<br>6<br>**Charitable activities**<br>7<br>Advice and support of couples dealing with<br>infertility<br>Support costs<br>**Total**<br>**NET INCOME/(EXPENDITURE)**<br>**RECONCILIATION OF FUNDS**<br>Total funds brought forward<br>**TOTAL FUNDS CARRIED FORWARD**|Unrestricted<br>fund<br>£<br>763,542<br>10,941<br>928,514<br>6,754<br>1,709,751<br>337,261<br>968,140<br>166,620<br>1,472,021<br>237,730<br>1,270,523<br>1,508,253|Restricted<br>fund<br>£<br>14,555<br>-<br>-<br>-<br>14,555<br>-<br>23,891<br>-<br>23,891<br>(9,336)<br>12,315<br>2,979|2024<br>Total<br>funds<br>£<br>778,097<br>10,941<br>928,514<br>6,754<br>1,724,306<br>337,261<br>992,031<br>166,620<br>1,495,912<br>228,394<br>1,282,838<br>1,511,232|2023<br>Total<br>funds<br>£<br>521,526<br>11,133<br>1,093,870<br>-<br>1,626,529<br>412,379<br>863,649<br>78,614<br>1,354,642<br>271,887<br>1,010,951<br>1,282,838|
|---|---|---|---|---|



The notes form part of these financial statements 

Page 11 



## **CHANA CHARITY LTD (REGISTERED NUMBER: 10751229)** 

## **Balance Sheet 30 SEPTEMBER 2024** 

|Notes<br>**FIXED ASSETS**<br>Tangible assets<br>13<br>Investment property<br>14<br>**CURRENT ASSETS**<br>Debtors<br>15<br>Cash at bank<br>**CREDITORS**<br>Amounts falling due within one year<br>16<br>**NET CURRENT ASSETS**<br>**TOTAL ASSETS LESS CURRENT LIABILITIES**<br>**CREDITORS**<br>Amounts falling due after more than one year<br>17<br>**NET ASSETS**<br>**FUNDS**<br>20<br>Unrestricted funds<br>Restricted funds<br>**TOTAL FUNDS**|Unrestricted<br>fund<br>£<br>11,220<br>1,822,098<br>1,833,318<br>7,878<br>305,820<br>313,698<br>(33,763)<br>279,935<br>2,113,253<br>(605,000)<br>1,508,253|Restricted<br>fund<br>£<br>-<br>-<br>-<br>-<br>2,979<br>2,979<br>-<br>2,979<br>2,979<br>-<br>2,979|2024<br>Total<br>funds<br>£<br>11,220<br>1,822,098<br>1,833,318<br>7,878<br>308,799<br>316,677<br>(33,763)<br>282,914<br>2,116,232<br>(605,000)<br>1,511,232<br>1,508,253<br>2,979<br>1,511,232|2023<br>Total<br>funds<br>£<br>1,608<br>1,220,460<br>1,222,068<br>13,134<br>666,609<br>679,743<br>(13,973)<br>665,770<br>1,887,838<br>(605,000)<br>1,282,838<br>1,270,523<br>12,315<br>1,282,838|
|---|---|---|---|---|



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 30 July 2025 and were signed on its behalf by: 

Mr B Groszman - Trustee 

The notes form part of these financial statements 

Page 12 



## **CHANA CHARITY LTD** 

## **Cash Flow Statement FOR THE YEAR ENDED 30 SEPTEMBER 2024** 

|Notes<br>**Cash flows from operating activities**<br>Cash generated from operations<br>1<br>Interest paid<br>Net cash provided by operating activities<br>**Cash flows from investing activities**<br>Purchase of tangible fixed assets<br>Purchase of investment property<br>Interest received<br>Net cash used in investing activities<br>**Cash flows from financing activities**<br>New loans in year<br>Net cash provided by financing activities<br>**Change in cash and cash equivalents in**<br>**the reporting period**<br>**Cash and cash equivalents at the**<br>**beginning of the reporting period**<br>2<br>**Cash and cash equivalents at the end of**<br>**the reporting period**<br>2|2024<br>£<br>310,202<br>(50,482)<br>259,720<br>(16,831)<br>(601,638)<br>921<br>(617,548)<br>-<br>-<br>(357,828)<br>666,609<br>308,781|2023<br>£<br>275,288<br>(8,758)<br>266,530<br>-<br>(1,220,460)<br>-<br>(1,220,460)<br>605,000<br>605,000<br>(348,930)<br>1,015,539<br>666,609|
|---|---|---|



The notes form part of these financial statements 

Page 13 



**CHANA CHARITY LTD** 

## **Notes to the Cash Flow Statement FOR THE YEAR ENDED 30 SEPTEMBER 2024** 

|**1.**|**RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES**|**RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES**|**RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES**|**RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES**|**RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES**||
|---|---|---|---|---|---|---|
||||||2024|2023|
||||||£|£|
||**Net income for the reporting period (as per the Statement of**||||||
||**Financial Activities)**||||228,394|271,887|
||**Adjustments for:**||||||
||Depreciation charges||||7,218|1,608|
||Interest received||||(921)|-|
||Interest paid||||50,482|8,758|
||Decrease/(increase) in debtors||||5,256|(13,134)|
||Increase in creditors||||19,773|6,169|
||**Net cash provided by operations**||||310,202|275,288|
|**2.**|**ANALYSIS OF CASH AND CASH EQUIVALENTS**||||||
||||||2024|2023|
||||||£|£|
||Notice deposits (less than 3 months)||||308,799|666,609|
||Overdrafts included in bank loans and overdrafts falling due|within one year|||(18)|-|
||Total cash and cash equivalents||||308,781|666,609|
|**3.**|**ANALYSIS OF CHANGES IN NET FUNDS/(DEBT)**||||||
|||At|1.10.23||Cash flow|At 30.9.24|
||||£||£|£|
||**Net cash**||||||
||Cash at bank||666,609||(357,810)|308,799|
||Bank overdraft|||-|(18)|(18)|
||||666,609||(357,828)|308,781|
||**Debt**||||||
||Debts falling due after 1 year|(605,000)|||-|(605,000)|
|||(605,000)|||-|(605,000)|
||**Total**||61,609||(357,828)|(296,219)|



The notes form part of these financial statements 

Page 14 



**CHANA CHARITY LTD** 

**Notes to the Financial Statements FOR THE YEAR ENDED 30 SEPTEMBER 2024** 

## **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, it is probable that the income will be received and the amount can be measured reliably. 

## **Expenditure** 

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. 

## **Tangible fixed assets** 

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. 

Computer equipment 

-  33% on cost 

## **Investment property** 

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Statement of Financial Activities. 

## **Taxation** 

The charity is exempt from corporation tax on its charitable activities. 

## **Fund accounting** 

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. 

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. 

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. 

## **Hire purchase and leasing commitments** 

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease. 

## **Pension costs and other post-retirement benefits** 

The charitable company operates a defined contribution pension scheme.  Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. 

continued... 

Page 15 



**CHANA CHARITY LTD** 

## **Notes to the Financial Statements - continued FOR THE YEAR ENDED 30 SEPTEMBER 2024** 

|**2.**<br>**DONATIONS AND LEGACIES**<br>Donations<br>Gift aid<br>**3.**<br>**OTHER TRADING ACTIVITIES**<br>Fundraising events<br>**4.**<br>**INVESTMENT INCOME**<br>Rents received<br>Deposit account interest<br>**5.**<br>**INCOME FROM CHARITABLE ACTIVITIES**<br>Counselling<br>**6.**<br>**RAISING FUNDS**<br>**Raising donations and legacies**<br>Fundraising<br>**7.**<br>**CHARITABLE ACTIVITIES COSTS**<br>Advice and support of couples dealing<br>with infertility<br>Support costs|Direct<br>Costs<br>£<br>992,031<br>17,735<br>1,009,766||2024<br>£<br>707,603<br>70,494<br>778,097<br>2024<br>£<br>928,514<br>2024<br>£<br>5,833<br>921<br>6,754<br>2024<br>£<br>10,941<br>2024<br>£<br>337,261<br>Support<br>costs (see<br>note 8)<br>£<br>-<br>148,885<br>148,885|2023<br>£<br>470,198<br>51,328<br>521,526<br>2023<br>£<br>1,093,870<br>2023<br>£<br>-<br>-<br>-<br>2023<br>£<br>11,133<br>2023<br>£<br>412,379<br>Totals<br>£<br>992,031<br>166,620<br>1,158,651|
|---|---|---|---|---|
||||||
||||||



continued... 

Page 16 



**CHANA CHARITY LTD** 

## **Notes to the Financial Statements - continued FOR THE YEAR ENDED 30 SEPTEMBER 2024** 

## **8. SUPPORT COSTS** 

|**SUPPORT COSTS**|||
|---|---|---|
|Finance<br>£<br>Support costs<br>55,642<br>**NET INCOME/(EXPENDITURE)**<br>Net income/(expenditure) is stated after charging/(crediting):<br>Auditors' remuneration<br>Depreciation - owned assets<br>Other operating leases|Governance<br>Other<br>costs<br>£<br>£<br>72,922<br>20,321<br>2024<br>£<br>1,800<br>7,219<br>18,040|Totals<br>£<br>148,885<br>2023<br>£<br>1,800<br>1,608<br>17,011|
||||



## **9. NET INCOME/(EXPENDITURE)** 

Net income/(expenditure) is stated after charging/(crediting): 

## **10. TRUSTEES' REMUNERATION AND BENEFITS** 

There were no trustees' remuneration or other benefits for the year ended 30 September 2024 nor for the year ended 30 September 2023. 

## **Trustees' expenses** 

There were no  trustees' expenses paid for the year ended 30 September 2024 nor for the year ended 30 September 2023. 

## **11. STAFF COSTS** 

|**STAFF COSTS**|||
|---|---|---|
||2024|2023|
||£|£|
|Wages and salaries|300,134|264,957|
|Social security costs|24,695|20,792|
|Other pension costs|5,271|3,955|
||330,100|289,704|
|The average monthly number of employees during the year was as follows:|||
||2024|2023|
|Employees|9|9|
|The number of employees whose employee benefits (excluding employer pension|costs) exceeded|£60,000 was:|
||2024|2023|
|£60,001 - £70,000|1|1|



continued... 

Page 17 



**CHANA CHARITY LTD** 

## **Notes to the Financial Statements - continued FOR THE YEAR ENDED 30 SEPTEMBER 2024** 

|**12.**<br>**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**<br>Unrestricted<br>fund<br>£<br>**INCOME AND ENDOWMENTS FROM**<br>Donations and legacies<br>201,241<br>**Charitable activities**<br>Income from charitable activities<br>11,133<br>Other trading activities<br>1,093,870<br>**Total**<br>1,306,244<br>**EXPENDITURE ON**<br>Raising funds<br>412,379<br>**Charitable activities**<br>Advice and support of couples dealing with<br>infertility<br>846,602<br>Support costs<br>78,614<br>**Total**<br>1,337,595<br>**NET INCOME/(EXPENDITURE)**<br>(31,351)<br>**Transfers between funds**<br>310,000<br>**Net movement in funds**<br>278,649<br>**RECONCILIATION OF FUNDS**<br>Total funds brought forward<br>991,874<br>**TOTAL FUNDS CARRIED FORWARD**<br>1,270,523<br>**13.**<br>**TANGIBLE FIXED ASSETS**<br>Fixtures<br>and<br>fittings<br>£<br>**COST**<br>At 1 October 2023<br>473<br>Additions<br>-<br>At 30 September 2024<br>473<br>**DEPRECIATION**<br>At 1 October 2023<br>473<br>Charge for year<br>-<br>At 30 September 2024<br>473<br>**NET BOOK VALUE**<br>At 30 September 2024<br>-<br>At 30 September 2023<br>-|Restricted<br>fund<br>£<br>320,285<br>-<br>-<br>320,285<br>-<br>17,047<br>-<br>17,047<br>303,238<br>(310,000)<br>(6,762)<br>19,077<br>12,315<br>Computer<br>equipment<br>£<br>9,583<br>16,831<br>26,414<br>7,975<br>7,219<br>15,194<br>11,220<br>1,608|Total<br>funds<br>£<br>521,526<br>11,133<br>1,093,870<br>1,626,529<br>412,379<br>863,649<br>78,614<br>1,354,642<br>271,887<br>-<br>271,887<br>1,010,951<br>1,282,838<br>Totals<br>£<br>10,056<br>16,831<br>26,887<br>8,448<br>7,219<br>15,667<br>11,220<br>1,608|
|---|---|---|
||||



continued... 

Page 18 



**CHANA CHARITY LTD** 

**Notes to the Financial Statements - continued FOR THE YEAR ENDED 30 SEPTEMBER 2024** 

|**14.**<br>**INVESTMENT PROPERTY**<br>**FAIR VALUE**<br>At 1 October 2023<br>Additions<br>At 30 September 2024<br>**NET BOOK VALUE**<br>At 30 September 2024<br>At 30 September 2023<br>**15.**<br>**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**<br>VAT<br>Prepayments and accrued income<br>**16.**<br>**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**<br>Bank loans and overdrafts (see note 18)<br>Trade creditors<br>Social security and other taxes<br>Other creditors<br>Accruals and deferred income<br>**17.**<br>**CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR**<br>Bank loans (see note 18)<br>**18.**<br>**LOANS**<br>An analysis of the maturity of loans is given below:<br>Amounts falling due within one year on demand:<br>Bank overdrafts<br>Amounts falling due in more than five years:<br>Repayable otherwise than by instalments:<br>Bank loans more 5 yrs non-inst|2024<br>£<br>2,045<br>5,833<br>7,878<br>2024<br>£<br>18<br>18,741<br>7,180<br>2,024<br>5,800<br>33,763<br>2024<br>£<br>605,000<br>2024<br>£<br>18<br>605,000|£<br>1,220,460<br>601,638<br>1,822,098<br>1,822,098<br>1,220,460<br>2023<br>£<br>13,134<br>-<br>13,134<br>2023<br>£<br>-<br>3,983<br>7,247<br>943<br>1,800<br>13,973<br>2023<br>£<br>605,000<br>2023<br>£<br>-<br>605,000|
|---|---|---|
||||



continued... 

Page 19 



**CHANA CHARITY LTD** 

**Notes to the Financial Statements - continued FOR THE YEAR ENDED 30 SEPTEMBER 2024** 

## **19. SECURED DEBTS** 

The following secured debts are included within creditors: 

|Bank loan<br>**20.**<br>**MOVEMENT IN FUNDS**<br>**Unrestricted funds**<br>General fund<br>**Restricted funds**<br>Restricted fund<br>**TOTAL FUNDS**<br>Net movement in funds, included in the above are as follows:<br>**Unrestricted funds**<br>General fund<br>**Restricted funds**<br>Restricted fund<br>**TOTAL FUNDS**<br>**Comparatives for movement in funds**<br>At<br>1.10.22<br>£<br>**Unrestricted funds**<br>General fund<br>991,874<br>**Restricted funds**<br>Restricted fund<br>19,077<br>**TOTAL FUNDS**<br>1,010,951|At<br>1.10.23<br>£<br>1,270,523<br>12,315<br>1,282,838<br>Incoming<br>resources<br>£<br>1,709,751<br>14,555<br>1,724,306<br>Net<br>movement<br>in funds<br>£<br>(31,351)<br>303,238<br>271,887||
|---|---|---|
||||



continued... 

Page 20 



**CHANA CHARITY LTD** 

**Notes to the Financial Statements - continued FOR THE YEAR ENDED 30 SEPTEMBER 2024** 

## **20. MOVEMENT IN FUNDS - continued** 

Comparative net movement in funds, included in the above are as follows: 

|**Unrestricted funds**<br>General fund<br>**Restricted funds**<br>Restricted fund<br>**TOTAL FUNDS**|Incoming<br>resources<br>£<br>1,306,244<br>320,285<br>1,626,529|Resources<br>expended<br>£<br>(1,337,595)<br>(17,047)<br>(1,354,642)|Movement<br>in funds<br>£<br>(31,351)<br>303,238<br>271,887|
|---|---|---|---|



## **21. RELATED PARTY DISCLOSURES** 

There were no related party transactions for the year ended 30 September 2024. 

## **22. COMPANY LIMITED BY GUARANTEE** 

The charity company is limited by guarantee and does not have share capital. The articles of association of the company preclude the distribution of assets to the members of the company and accordingly a reconciliation of shareholders' funds is inappropriate. The liability of each member in the event of a winding up is limited to £1. 

Page 21 



121M CREATING LIVES TOGETHER 

Chana Charity Ltd Registered Charity Number: 1172957 Registered Company Number: 10751229