REGISTERED CHARITY NUMBER: 1180817
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
FOR
CHASDEI MENDEL CHAIM
Raffingers Holdings Limited Chartered Accountants 19-20 Bourne Court Southend Road Woodford Green Essex IG8 8HD
CHASDEI MENDEL CHAIM
CONTENTS OF THE FINANCIAL STATEMENTS for the year ended 31 December 2024
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | ||
| Notes to the Financial Statements | 6 | to | 10 |
CHASDEI MENDEL CHAIM
REPORT OF THE TRUSTEES
for the year ended 31 December 2024
The trustees present their report with the financial statements of the charity for the year ended 31 December 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).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The objects of the charity are to relieve poverty or financial hardship of poor brides and bridegrooms living anywhere in the world by making grants of money towards the costs of their wedding expenses or by paying for items, services and/or facilities they require when establishing their homes.
Public benefit
The trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit, and 'The Advancement of Religion for the Public Benefit' in particular, when reviewing the aims and objectives and in planning the charity's future activities.The aims of the charitable company for the public benefit are detailed in the 'Objectives and Activities' section of this report and the main activities undertaken in order to carry out the charitable company's aims for the public benefit are outlined under 'Achievements and Performance' below.
Grantmaking
The trustees support charities whose Objects are in line with the Objects of this charity. The charity accepts any grant application subject to the trustees' review. Financial help is then given according to circumstances and funds then available.
ACHIEVEMENTS AND PERFORMANCE
Charitable activities
During the period the charity received donations of £20,057 and made grants of £29,149 to institutions and of £7,743 to individuals.
The trustees are satisfied with the results and activities of the charity for the year and do not anticipate any significant changes in the forthcoming year.
FINANCIAL REVIEW
Financial position
The financial results of the charity's activities for the period ended 31 December 2024 are fully reflected in the attached financial statements together with the notes thereon.
There was a net decrease in funds of £17,885 with total funds carried forward being negative £6,109.
Reserves policy
It is the policy of the charity to maintain unrestricted funds, which include the free reserves of the charity, at a level which the trustees think appropriate after considering the future commitments of the charity and the likely costs of the charity for the next year. The free reserves at the year end were negative £6,109. The trustees have not undertaken any formal charitable commitments and consider that the charity can rely on its ongoing support from its donors to to fund its ongoing communal activities.
FUTURE PLANS
There are no current plans to change the activities or modus operandi in the foreseeable future.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
Recruitment and appointment of new trustees
It is not currently the intention of the trustees of the charity to appoint new trustees. Should this situation change in the future, the trustees will apply suitable recruitment and training procedures.
Page 1
CHASDEI MENDEL CHAIM
REPORT OF THE TRUSTEES
for the year ended 31 December 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT Risk management
The trustees have identified and reviewed the major risks to which the charity is exposed, in particular those related to the operations and finance of the charity, and are satisfied that systems are in place to manage those risks.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1180817
Principal address
22 Heathland Road London N16 5NH
Trustees
Mr Y M Cohen Mr C Y Tunk Mr D Marmorstein
Independent Examiner
Mr Yedidya Zaiden Raffingers Holdings Limited Chartered Accountants 19-20 Bourne Court Southend Road Woodford Green Essex IG8 8HD
Approved by order of the board of trustees on 21 October 2025 and signed on its behalf by:
Mr Y M Cohen - Trustee
Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CHASDEI MENDEL CHAIM
Independent examiner's report to the trustees of Chasdei Mendel Chaim
I report to the charity trustees on my examination of the accounts of Chasdei Mendel Chaim (the Trust) for the year ended 31 December 2024.
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:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
-
the accounts do not accord with those records; or
-
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.
Mr Yedidya Zaiden
Raffingers Holdings Limited Chartered Accountants 19-20 Bourne Court Southend Road Woodford Green Essex IG8 8HD
21 October 2025
Page 3
CHASDEI MENDEL CHAIM
STATEMENT OF FINANCIAL ACTIVITIES
for the year ended 31 December 2024
| 2024 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 20,057 Investment income 3 25 Total 20,082 EXPENDITURE ON Charitable activities 4 Expenditure on charitable activities 37,967 NET INCOME/(EXPENDITURE) (17,885) RECONCILIATION OF FUNDS Total funds brought forward 11,776 TOTAL FUNDS CARRIED FORWARD (6,109) CONTINUING OPERATIONS |
2023 Total funds £ 49,811 - |
|---|---|
| 49,811 | |
| 45,654 | |
| 4,157 7,619 |
|
| 11,776 | |
All income and expenditure has arisen from continuing activities.
The notes form part of these financial statements
Page 4
CHASDEI MENDEL CHAIM
BALANCE SHEET
31 December 2024
| 2024 Unrestricted fund Notes £ CURRENT ASSETS Cash at bank 1,414 CREDITORS Amounts falling due within one year 8 (7,523) NET CURRENT ASSETS/(LIABILITIES) (6,109) TOTAL ASSETS LESS CURRENT LIABILITIES (6,109) NET ASSETS (6,109) FUNDS 9 Unrestricted funds (6,109) TOTAL FUNDS (6,109) |
2023 Total funds £ 17,079 (5,303) 11,776 11,776 11,776 11,776 11,776 |
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 21 October 2025 and were signed on its behalf by:
Mr Y M Cohen - Trustee
The notes form part of these financial statements
Page 5
CHASDEI MENDEL CHAIM
NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 December 2024
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.
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.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Governance costs
Governance costs comprise those costs associated with meeting the constitutional and strategic requirements of the charity and the Independent Examiner's fees and costs linked to the strategic management of the charity.
Taxation
The charity is considered to pass the tests set out in Sch. 6, para. 1 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Pt. 11, Ch. 3 of the Corporation Tax Act 2010 or s. 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
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.
Financial instruments
A financial asset or a financial liability is recognised only when the entity 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, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
Independent examiner's fees
| Independent examiner's fees | ||
|---|---|---|
| 2024 | 2023 | |
| £ | £ | |
| Independent Examiner's and accountancy fees | 720 | 1,440 |
Page 6
continued...
CHASDEI MENDEL CHAIM
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 December 2024
| 2. DONATIONS AND LEGACIES Donations 3. INVESTMENT INCOME Deposit account interest 4. CHARITABLE ACTIVITIES COSTS Grants to institutions Grants to individuals 5. GRANTS PAYABLE Expenditure on charitable activities The total grants paid to institutions during the year was as follows: Low Cost Living Ezer Viznitz Foundation Choimel Dalim Limited Other grants equal to or below £5,000 The total grants paid to individuals during the year was as follows: Grants payable to individuals |
2024 £ 20,057 2024 £ 25 |
2024 £ 20,057 2024 £ 25 |
2023 £ 49,811 2023 £ - |
2023 £ 49,811 2023 £ - |
|||||
|---|---|---|---|---|---|---|---|---|---|
| 2024 | 2023 | ||||||||
| £ | £ | ||||||||
| 29,149 | 36,816 | ||||||||
| 7,743 | 6,407 | ||||||||
| 36,892 | 43,223 | ||||||||
| 2024 £ 36,892 |
2023 £ 43,223 2023 £ 6,000 5,523 25,293 36,816 2023 £ 6,407 |
||||||||
| 2024 | |||||||||
| £ | |||||||||
| 3,800 | |||||||||
| 2,500 | |||||||||
| 7,500 | |||||||||
| 15,349 | |||||||||
| 29,149 | |||||||||
| 2024 | |||||||||
| £ | |||||||||
| 7,743 | |||||||||
continued...
Page 7
CHASDEI MENDEL CHAIM
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 December 2024
6. SUPPORT COSTS
| SUPPORT COSTS | |||
|---|---|---|---|
| Governance | |||
| Finance | costs | Totals | |
| £ | £ | £ | |
| Expenditure on charitable activities | 355 | 720 | 1,075 |
7. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2024 nor for the year ended 31 December 2023.
8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Other creditors | 7,523 | 5,303 | |
| MOVEMENT IN FUNDS | |||
| Net | |||
| movement | At | ||
| At 1.1.24 | in funds | 31.12.24 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 11,776 | (17,885) | (6,109) |
| TOTAL FUNDS | 11,776 | (17,885) | (6,109) |
| Net movement in funds, included in the above are as follows: | |||
| Incoming | Resources | Movement | |
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 20,082 | (37,967) | (17,885) |
| TOTAL FUNDS | 20,082 | (37,967) | (17,885) |
9. MOVEMENT IN FUNDS
continued...
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CHASDEI MENDEL CHAIM
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 December 2024
9. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net | ||
|---|---|---|
| movement | At | |
| At 1.1.23 | in funds | 31.12.23 |
| £ | £ | £ |
| Unrestricted funds | ||
| General fund 7,619 |
4,157 | 11,776 |
| TOTAL FUNDS 7,619 |
4,157 | 11,776 |
| Comparative net movement in funds, included in the above are as follows: | ||
| Incoming | Resources | Movement |
| resources | expended | in funds |
| £ | £ | £ |
| Unrestricted funds | ||
| General fund 49,811 |
(45,654) | 4,157 |
| TOTAL FUNDS 49,811 |
(45,654) | 4,157 |
A current year 12 months and prior year 12 months combined position is as follows:
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.1.23 | in funds | 31.12.24 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 7,619 | (13,728) | (6,109) |
| TOTAL FUNDS | 7,619 | (13,728) | (6,109) |
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 | 69,893 | (83,621) | (13,728) |
| TOTAL FUNDS | 69,893 | (83,621) | (13,728) |
continued...
Page 9
CHASDEI MENDEL CHAIM
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 December 2024
10. RELATED PARTY DISCLOSURES
Included in other creditors are amounts aggregating £6,803 (2023 - £4,173) owed to the trustees.
Page 10