## B.H.
## **CHABAD-LUBAVITCH LEICESTER TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023**
Charity's principal address
**16 Stanley Road Leicester LE2 1RE**
Registered Charity Number: 1182175
CHABAD LUBAVITCH LEICESTER ANNUAL FINANCIAL STATEMENTS AND TRUSTEES REPORT YEAR ENDED 28 FEBRUARY 2023
## TABLE OF CONTENTS
|Table of contents|1|
|---|---|
|CIO Information|2|
|Trustees’ Annual Report|3-7|
|Report of the Independent Examiner|8|
|Statement of Financial Activities|9|
|Balance Sheet|10|
|Notes to the financial statements|11-16|
1
CHABAD LUBAVITCH LEICESTER CIO INFORMATION
|Registered Charity Number:|1182175|
|---|---|
|Legal form:|Charitable Incorporated Organisation|
|Trustees:|Rabbi Daniel Duboy|
||Mrs Brocha Lent|
||Mr Philip Pink (chair)|
||Mrs Rifka Wineberg|
|Chief Executive Officer:|Rabbi Shmuel Pink|
|Independent Examiner:|1g Accountants|
||Chartered Accountants|
||71 Cheyne Walk|
||London|
||NW4 2JU|
|Principal Address:|16 Stanley Road|
||Leicester|
||LE2 1RE|
2
CHABAD LUBAVITCH LEICESTER CIO INFORMATION
The trustees present their annual report and financial statements of the Charity.
## **Constitution and objectives**
Chabad Lubavitch Leicester is a Charitable Incorporated Organisation, formed pursuant to the Charitable Incorporated Organisations (General) Regulations 20222, and registered with the Charity Commission on 21st February 2019 under registration number 1182175. It is governed by its constitution, last updated 23 March 2022.
Under that constitution, the Charity’s objectives are to: -
1. Advance the education of the general public in the subject of cultural and historic Jewish Heritage through services, talks, events and grants.
2. Advance the practice of Jewish Religion
The Constitution authorises the Trustees to make or hold investments in the general funds of the charity.
## **Trustees**
The following trustees served throughout the financial year and to date of the signing of these financial statements:
Mr Philip Pink (chair) Rabbi Daniel Duboy Mrs Brocha Esther Lent Mrs Rifka Weinberg
Appointment of Trustees is governed by the Constitution of the charity. The Board of Trustees is authorised to appoint new Trustees to fill vacancies arising from resignation or death of an existing Trustee.
## **Achievements and performance and public benefit:**
The charity has adapted to face the economic challenges of the past year. To highlight a few changes, we have offered our beneficiaries: As people in our community assessed their life choices post pandemic, we have been there as a listening ear, offering counsel and practical help as people have moved home or community and helping those who have moved to find new cultural connections.
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CHABAD LUBAVITCH LEICESTER CIO INFORMATION
- Commercially ready cooked meals have been very much a lifeline for many from around Leicester and it environs. A project of the Kosher pantry, the only local source for a variety of Kosher food.
- 65 elderly have continued to be in contact video calls. This has enabled education to expand in a convenient and effective way more frequently.
- 79 hours have been spent on the phone providing counselling, supporting people, crisis management and signposting people to relevant medical services.
- Video calls have expanded to youth around Leicestershire, offering 135 after school learning opportunities and cultural connections.
- 105 Pre-Jewish Holiday packages are sent to children with tremendous engagement following on.
- The support and programming for the small but active Jewish Students in Leicester been very successful and had a big impact on the welfare of all those who are engaged. Our address has been a safe environment where the students turn to and a place they can get a warm meal. Over 250 hot meals where provided to the students with 75 hours of support,
- Pictures are attached below show a small snapshot of what was accomplished.
- The feedback we have received has been positive and many people have expressed their support due to the benefit they are receiving from our work.
Our education services are free and service the full range of ages including primary school children, university students, young professionals, the retired and the elderly.
We are grateful for the many hours volunteers, have spent working with us over the past year. Without their contribution of time, energy and expertise we would not have been able to accomplish what we have.
We are grateful for the many hours volunteers, have spent working with us over the Pandemic. Without their contribution of time, energy and expertise we would not have been able to accomplish what we did over the past year
## **Future Plans**
The trustee's plans for the future will continue to maintain and build upon the education, programming and provision of Cultural, Religious and Historic Jewish Heritage Leicestershire in surrounding areas.
4
CHABAD LUBAVITCH LEICESTER
CIO INFORMATION
CHABAD LUBAVITCH LEICESTER
CIO INFORMATION
41
CHABAD LUBAVITCH LEICESTER
CIO INFORMATION
ROSH
HASHANA ,,
ROSH HASHANA
Honday 20 Sept
4:00 PM
16 Stanley Road
LE2 IRE
CHABAD LUBAVITCH LEICESTER
CIO INFORMATION
CHABAD LUBAVITCH LEICESTER CIO INFORMATION
## **Financial review**
The policy of the Charity continues to be to seek additional finance and support to enable it to continue and expand its objectives and activities.
The Charity’s main sources of income are from donations and grants received from charitable trusts. In the year ending 28 February 2023, income was £88,132 (2022: £41,491), expenditure was £71,526 (2022: £34,626), and the resulting surplus was £11,606 (2022: £6,865) which the trustees consider satisfactory
The Trustees are grateful to all the benefactors whose generous contributions remain an important element in the ability of the charity to continue its work. We are confident that our supporters will provide us with contributions at a level to support the objects of the charity.
## **Reserves policy**
The charity's reserves policy is to maintain three month’s expenditure as reserves to enable the charity to continue its activities and services at a meaningful level, should there be a drop in income. On 28 February unrestricted reserves were £32,038 which exceed the target of £17,882. The trustees review this position on a regular basis.
## **Statement Of Trustees Responsibilities**
The trustees acknowledge their responsibility for preparing the Trustees’ Annual Report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice)
The law applicable to charities in England and Wales 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 and of the incoming resources and application of resources for that period. In preparing the financial statements, the trustees are required to
- Select suitable accounting policies and then apply them consistently;
- Observe the methods and principles in the applicable Charity SORP;
- Make judgements and estimates that are reasonable and prudent;
- State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
- Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
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## CHABAD LUBAVITCH LEICESTER CIO INFORMATION
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, applicable Regulations, and the provisions of the constitution. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by the trustees on 25 December 2023 and signed on their behalf by
Mr Philip Pink Chair of Trustees
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CHABAD LUBAVITCH LEICESTER
ANNUAL FINANCIAL STATEMENTS AND TRUSTEES REPORT
## INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF CHABAD LUBAVITCH LEICESTER CHARITABLE INCORPORATED ORGANISATION (‘the CIO’).
FOR THE YEAR ENDED 28 FEBRUARY 2023
I report to the charity trustees on my examination of the accounts of the CIO for the year ended 28 February 2023.
## **Responsibilities and basis of report**
As the charity trustees of the CIO 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 CIO’s accounts carried out under section 145 of the Act. In carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 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 as required by section 130 of the Act; or
- the accounts do not accord with those records.
Shaya Grosskopf
Shaya Grosskopf FCA 1g Accountants Chartered Accountants 71 Cheyne Walk London NW4 3QU
25 December 2023
8
## CHABAD LUBAVITCH LEICESTER
## ANNUAL FINANCIAL STATEMENTS AND TRUSTEES REPORT STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 28 FEBRUARY 2023
|Note
**Income**
Donations, legacies and grants
2
_Income from charitable trading_
_activities:_
Operation of Kosher Pantry
2
**Total income**
2
**Expenditure**
Expenditure on charitable
activities
3
Governance costs
3
Other support costs
3
**Total expenditure**
3
**Net income/(expenditure) and**
**net movement in funds for the**
**year**
**Reconciliation of funds**
Total funds brought forward
7
**Total funds carried forwards**||Unrestricted
Funds
66,049
5,633|Restricted
Funds
Total
Funds
2023
Total
Funds
2022
11,450
77,499
32,658
-
5,633
8.833|
|---|---|---|---|
|||**71,682**
31,371
1,889
14,866|**11,450**
**83,132**
**41,491**
6,700
38,071
23,762
-
1,889
1,358
16,700
31,566
9,506|
|||**48,126**|**23,400**
**71,526**
**34,626**|
|||**23,556**|**(11,950)**
**11,606**
**6,865**|
|||8,482|26,439
34,921
28,056|
|||**32,038**|**14,489**
**46,527**
**34,921**|
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
9
## CHABAD LUBAVITCH LEICESTER ANNUAL FINANCIAL STATEMENTS AND TRUSTEES REPORT NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2022
|Note
**Fixed assets**
Tangible fixed assets
4
**Total Fixed Assets**
**Current Assets**
Stock
Debtors
5
Cash at bank
**Total Current Assets**
**Liabilities**
Creditors falling due within one year
6
**Net current assets**
**Total assets less current liabilities**
**Net assets**
**Charity funds**
Unrestricted funds
Restricted funds
7
**Total funds carried forwards**||Total Funds
2023
16,745|Total Funds
2022
21,018|
|---|---|---|---|
|||**16,745**
2,980
19,863
10,666|**21,018**
5,230
-
10,581|
|||**33,509**
3,727|**15,811**
1,908|
|||**29,782**
**46,527**|**13,903**
**34,921**|
|||**46,527**|**34,921**|
|||32,038
14,489|8,482
26,439|
|||**46,527**|**34,921**|
The notes at pages 7 to 11 form part of these accounts.
Approved by the trustees on 25 December 2023 and signed on their behalf by:
Mr Philip Pink Chair of Trustees Registered Charity Number: 1182175
10
## CHABAD LUBAVITCH LEICESTER ANNUAL FINANCIAL STATEMENTS AND TRUSTEES REPORT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2023
## 1. Accounting Policies
## (a) Basis of preparation and assessment of going concern
The legal form and address of the CIO are presented in the CIO information on page 2.
The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value. Financial amounts are presented to the nearest £ which is the functional and presentation currency of the CIO. The financial statements have been prepared in accordance with the second edition of the Charities Statement of Recommended Practice issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
The CIO constitutes a public benefit entity as defined by FRS 102.
The trustees consider that there are no material uncertainties about the CIO’s ability to continue as a going concern.
## (b) Income
Income is recognised when the CIO has entitlement to the funds, any performance conditions attached to the item of income have been met, it is probable that the income will be received, and the amount can be measured reliably.
Income from the operation of a Kosher pantry is recognised when goods are sold and handed over to customers.
Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.
For legacies, entitlement is taken as the earlier of the date on which either: the CIO is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the CIO that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the charity has been notified of the executor’s intention to make a distribution.
11
## CHABAD LUBAVITCH LEICESTER ANNUAL FINANCIAL STATEMENTS AND TRUSTEES REPORT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2023
## (c) Expenses
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 settlement will be required and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accruals basis. All expenses including support costs and governance costs are allocated or apportioned to the applicable expenditure headings. For more information on this attribution refer to note (1e) below.
## (d) Taxes
As a charitable enterprise the CIO is exempt from income taxes.
Irrecoverable VAT is charged against the expenditure heading for which it was incurred
## (e) Allocation of costs
Costs of charitable activities comprise the direct cost of lectures, events and other activities and the direct costs of the Kosher pantry.
Governance costs comprise all costs involving the public accountability of the CIO and its compliance with regulation and good practice.
Other support costs include other administrative expenses associated with the operation of the CIO.
## (f) Tangible fixed assets and depreciation
Assets are recognised at cost including the full costs of preparation and installation, and are depreciated over their useful lifetime as follows: -
Plant and Machinery: 10 years straight line Office Equipment: 3 years straight line
12
## CHABAD LUBAVITCH LEICESTER ANNUAL FINANCIAL STATEMENTS AND TRUSTEES REPORT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2023
## 2. Income
|**Donations, legacies, and grants**
Donations including sponsorship
of events and services
Grants received
**Total donations, legacies, and**
**grants**
**Trading charitable activity**
Income from Kosher Pantry
**Total income**||Unrestricted
Funds 2023
66,049
-|Unrestricted
Funds 2023
66,049
-|Restricted
Funds
2023
-
11,450|Total Funds
2023
66,409
11,450|Total Funds
2022
27,958
4,700|
|---|---|---|---|---|---|---|
||||||||
||||**66,049**|**11,450**|**77,499**|**32,658**|
||||**5,633**|**-**|**5,633**|**8,833**|
||||**71,682**|**11,450**|**83,132**|**41,491**|
The following grants exceeding £2,000 were received during the year: -
|Lottery Grant:|£8,950|
|---|---|
|Edith Murphy Foundation:|£2,500|
13
## CHABAD LUBAVITCH LEICESTER ANNUAL FINANCIAL STATEMENTS AND TRUSTEES REPORT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2023
## 3. Expenditure
|**Costs of charitable activities**
Kosher Pantry
Costs of events
Grants
Depreciation
Consulting
**Total costs of charitable events**
**Governance costs**
Independent examination fees
Other accountancy fees
Subscriptions
**Other support costs**
Salaries
Printing postage and stationery
Software
Repairs and maintenance
Light, power and heating
Insurance
Other
**Total support costs**
**Total expenses**||Unrestricted
Funds 2023
3,987
22,831
1,500
2,803
250|Unrestricted
Funds 2023
3,987
22,831
1,500
2,803
250|Restricted
Funds
2023
5,230
-
-
1,470
-|Restricted
Funds
2023
5,230
-
-
1,470
-|Total Funds
2023
**9,217**
**22,831**
**1,500**
**4,273**
**250**|Total Funds
2022
8,536
11,060
1,260
2,906
-|
|---|---|---|---|---|---|---|---|
|||||||||
||||**31,371**
1,380
120
389||**6,700**
-
-
-|**38,071**
**1,380**
**120**
**389**|**23,762**
900
100
458|
||||**1,889**
5,550
1,446
1,396
662
4,266
539
1,007|**-**
16,450
-
-
-
250
-
-||**1,889**
**22,000**
**1,446**
**1,396**
**662**
**4,516**
**539**
**1,007**|**1,358**
-
631
1,009
4,897
2,639
330
-|
||||**14,866**|**16,700**||**31,566**|**9,506**|
||||**48,126**|**23,400**||**71,526**|**34,626**|
The charity employed 1 (2022: 0) employees. No employee earned more than £60,000.
The charity made a grant of £1,500 to an individual to support educational and
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## CHABAD LUBAVITCH LEICESTER
## ANNUAL FINANCIAL STATEMENTS AND TRUSTEES REPORT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2023
## 4. Tangible Fixed Assets
|Plant &
Machinery
**Cost**
Cost as at 28 February 2022
Additions in the year
**15,996**
Cost as at 28 February 2023
**15,996**
**Depreciation**
Accumulated depreciation as
at 28 February 2022
Charge for the year
1,804
1,600
Accumulated depreciation as
at 28 February 2023
**3,404**
**Net book value**
**2023**
**12,592**
2022
14,192
5. Debtors
Pledges receivable
Gift aid receivable
6. Creditors due in less than one year
Amounts due to the Chief Executive
Accruals
Trade creditors||Fixtures &
Fittings
Computer
Equipment
**7,630**
**621**
**7,630**
**621**
1,303
2,518
122
155
**3,821**
**277**
**3,809**
**344**
6,327
499
2023
10,000
9,863
**19,863**
2023
328
978
2,019
**3,325**|Fixtures &
Fittings
Computer
Equipment
**7,630**
**621**
**7,630**
**621**
1,303
2,518
122
155
**3,821**
**277**
**3,809**
**344**
6,327
499
2023
10,000
9,863
**19,863**
2023
328
978
2,019
**3,325**|Total
**24,247**|
|---|---|---|---|---|
||||||
||||||
|||||**24,247**|
|||||3,229
2,906|
|||||**6,135**|
||||||
|||||**16,744**
21,018
2023
-
-
**-**
2023
22
900
986
**1,908**|
15
## CHABAD LUBAVITCH LEICESTER
## ANNUAL FINANCIAL STATEMENTS AND TRUSTEES REPORT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2023
## 7. Funds
|Kosher pantry
Edith
Murphy
Foundation
and
Heritage
Lottery
Foundation
Community Project
Total|As
at
1
March 2022
26,439
-
**26,439**|Income
-
11,450
**11,450**|Expenditure
(11,950)
(11,450)
**(23,400)**|As
at
28
February 2023
**14,489**
**-**|
|---|---|---|---|---|
|||||**14,489**|
Restricted funds in support of the CIO’s Kosher Pantry project and are represented as follows
|Tangible fixed assets
Inventory
Cash at bank and in hand|2023
11,512
-
2,977
**14,489**|2023
14,192
5,230
7,017|
|---|---|---|
|||**26,439**|
## 8. Transactions with trustees and related party transactions
Mrs Brocha Lent donated £30 (2022: nil) to the charity. There were no other transactions with the trustees during the current or prior year. No trustee drew remuneration, expenses or obtained any benefits from the charity.
During the year the Chief Executive Officer incurred expenses on behalf of the CIO of £24,427 (2022: £22,139), which was periodically reimbursed to him. Note 5 discloses amounts due to the Chief Executive in respect of such expenses at the financial year end.
16