**REGISTERED CHARITY NUMBER: 1174613** **REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2020** ## **FOR** **THE CHAI CENTER TRADING AS THE JEWISH LIFE CENTRE** KBSP Partners LLP Chartered Accountants Harben House Harben Parade Finchley Road LONDON NW3 6LH **THE CHAI CENTER TRADING AS THE JEWISH LIFE CENTRE CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2020** |||**Page**|| |---|---|---|---| |**Report of the Trustees**||1|| |**Independent Examiner's Report**||2|| |**Statement of Financial Activities**||3|| |**Balance Sheet**||4|| |**Notes to the Financial Statements**|5|to|9| **THE CHAI CENTER TRADING AS THE JEWISH LIFE CENTRE** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2020** The trustees present their report with the financial statements of the charity for the year ended 31 July 2020. 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). ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing document** The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity. ## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number** 1174613 ## **Principal address** Unit 12E Keystone Passage Borehamwood Shopping Park Hertfordshire WD6 4PR ## **Trustees** M Goldstein (resigned 20.1.2020) Ms M Redbart A Brandman A Braun (appointed 23.7.2020) ## **Independent Examiner** KBSP Partners LLP Chartered Accountants Harben House Harben Parade Finchley Road LONDON NW3 6LH ## 15/09/2021 Approved by order of the board of trustees on ............................................. and signed on its behalf by: ................................................................. A Braun - Trustee Page 1 **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF** ## **THE CHAI CENTER** ## **Independent examiner's report to the trustees of The Chai Center** I report to the charity trustees on my examination of the accounts of The Chai Center (the Trust) for the year ended 31 July 2020. ## **Responsibilities and basis of report** As the charity trustees of the Trust 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 Act and in carrying out my examination I have followed all 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 giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or 2. the accounts do not accord with those records; or 3. the accounts do 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. Anthony Cowan KBSP Partners LLP Chartered Accountants Harben House Harben Parade Finchley Road LONDON NW3 6LH 15/09/2021 Date: ............................................. Page 2 ## **THE CHAI CENTER TRADING AS THE JEWISH LIFE CENTRE** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JULY 2020** |**2020**
**Unrestricted**
**fund**
Notes
**£**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
**68,925**
**EXPENDITURE ON**
Raising funds
**33,861**
Other
**60,141**
**Total**
**94,002**
**NET INCOME/(EXPENDITURE)**
**(25,077)**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
**63,949**
**TOTAL FUNDS CARRIED FORWARD**
**38,872**|2019
Total
funds
£
132,714
11,357
58,087| |---|---| ||69,444| ||63,270
679| ||63,949| The notes form part of these financial statements Page 3 ## **THE CHAI CENTER TRADING AS THE JEWISH LIFE CENTRE** ## **BALANCE SHEET 31 JULY 2020** |**2020**
**Unrestricted**
**fund**
Notes
**£**
**FIXED ASSETS**
Tangible assets
4
**68,099**
**CURRENT ASSETS**
Debtors
5
**-**
Cash at bank
**47,046**
**47,046**
**CREDITORS**
Amounts falling due within one year
6
**(43,273)**
**NET CURRENT ASSETS**
**3,773**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**71,872**
**CREDITORS**
Amounts falling due after more than one year
7
**(33,000)**
**NET ASSETS**
**38,872**
**FUNDS**
9
Unrestricted funds
**38,872**
**TOTAL FUNDS**
**38,872**|2019
Total
funds
£
79,125
6,766
12,286
19,052
(34,228)
(15,176)
63,949
-
63,949
63,949
63,949| |---|---| The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by: 15/09/2021 ............................................. A Braun - Trustee The notes form part of these financial statements Page 4 **THE CHAI CENTER TRADING AS THE JEWISH LIFE CENTRE** **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2020** ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements of the charity, 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 Charities Act 2011. 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.The only exception to this is where donations are received with the intent that it will pay for expenditure which will arise in a future period, in which case the income is deferred to be matched against that future expenditure. ## **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. Fixtures and fittings - 20% on reducing balance ## **Taxation** The charity is exempt from 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. ## **2. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 July 2020 nor for the year ended 31 July 2019. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31 July 2020 nor for the year ended 31 July 2019. continued... Page 5 **THE CHAI CENTER TRADING AS THE JEWISH LIFE CENTRE** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2020** ## **3. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES** |||Unrestricted| |---|---|---| |||fund| |||£| ||**INCOME AND ENDOWMENTS FROM**|| ||Donations and legacies|132,714| ||**EXPENDITURE ON**|| ||Raising funds|11,357| ||Other|58,087| ||**Total**|69,444| ||**NET INCOME**|63,270| ||**RECONCILIATION OF FUNDS**|| ||**Total funds brought forward**|679| ||**TOTAL FUNDS CARRIED FORWARD**|63,949| |**4.**|**TANGIBLE FIXED ASSETS**|| |||Fixtures| |||and| |||fittings| |||£| ||**COST**|| ||At 1 August 2019|**98,999**| ||Additions|**5,421**| ||At 31 July 2020|**104,420**| ||**DEPRECIATION**|| ||At 1 August 2019|**19,874**| ||Charge for year|**16,447**| ||At 31 July 2020|**36,321**| ||**NET BOOK VALUE**|| ||At 31 July 2020|**68,099**| ||At 31 July 2019|79,125| continued... Page 6 **THE CHAI CENTER TRADING AS THE JEWISH LIFE CENTRE** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2020** |**5.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Other debtors
**6.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade creditors
Other creditors
**7.**
**CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR**
Bank loans (see note 8)
**8.**
**LOANS**
An analysis of the maturity of loans is given below:
Amounts falling between one and two years:
Bank loans - 1-2 years
Amounts falling due between two and five years:
Bank loans - 2-5 years
Amounts falling due in more than five years:
Repayable by instalments:
Bank loans more 5 yr by instal
**9.**
**MOVEMENT IN FUNDS**
At 1.8.19
£
**Unrestricted funds**
General fund
**63,949**
**TOTAL FUNDS**
**63,949**
Net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
**68,925**
**TOTAL FUNDS**
**68,925**|**2020**
2019
**£**
£
**-**
6,766
**2020**
2019
**£**
£
**27,531**
11,495
**15,742**
22,733
**43,273**
34,228
**2020**
2019
**£**
£
**33,000**
-
**2020**
2019
**£**
£
**5,500**
-
**16,500**
-
**11,000**
-
Net
movement
At
in funds
31.7.20
£
£
**(25,077)**
**38,872**
**(25,077)**
**38,872**
Resources
Movement
expended
in funds
£
£
**(94,002)**
**(25,077)**
**(94,002)**
**(25,077)**| |---|---| continued... Page 7 **THE CHAI CENTER TRADING AS THE JEWISH LIFE CENTRE** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2020** ## **9. MOVEMENT IN FUNDS - continued** ## **Comparatives for movement in funds** |At 1.8.18
£
**Unrestricted funds**
General fund
679
**TOTAL FUNDS**
679
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
132,714
**TOTAL FUNDS**
132,714|Net
movement
At
in funds
31.7.19
£
£
63,270
63,949
63,270
63,949
Resources
Movement
expended
in funds
£
£
(69,444)
63,270
(69,444)
63,270|Net
movement
At
in funds
31.7.19
£
£
63,270
63,949
63,270
63,949
Resources
Movement
expended
in funds
£
£
(69,444)
63,270
(69,444)
63,270| |---|---|---| |||63,270| A current year 12 months and prior year 12 months combined position is as follows: |||Net|| |---|---|---|---| |||movement|At| ||At 1.8.18|in funds|31.7.20| ||£|£|£| |**Unrestricted funds**|||| |General fund|679|38,193|38,872| |**TOTAL FUNDS**|679|38,193|38,872| A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: ||Incoming|Resources|Movement| |---|---|---|---| ||resources|expended|in funds| ||£|£|£| |**Unrestricted funds**|||| |General fund|201,639|(163,446)|38,193| |**TOTAL FUNDS**|201,639|(163,446)|38,193| continued... Page 8 **THE CHAI CENTER TRADING AS THE JEWISH LIFE CENTRE** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2020** ## **10. RELATED PARTY DISCLOSURES** During the year, there were payments of £5,000 made to related parties for services provided to the charity. Page 9