hartty registratTron number 1184204 Company registration number 11568671 (England and Wales) HENDON ADATH LIMITED ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
HENDON ADATH LIMITED LEGAL AND ADMINISTRATIVE INFORMATION Truste8sI Directors C B Brnude AAGuttentsg A M jabS 8NRowe D Segal Sacretary A M Jacobs Charity numb8r 1184204 Company number 11568671 Registered office 11 Brent St, Hern1c London United lfjngdo NW4 2EU Independent gxaminef Anthony Epton BA FCA CTA FCIE Goldwns Limrled 75 Maygrove Road West Hampstead London NW6 2EG
HENDON ADATH LIMITED CONTENTS Page Tfuslees. report Statement of trustees. responsibilities Independent examinerfs report Statement of financial activrties Balance sheet Notes to the finan¢k41 statem8nts 6-10
HENDON ADATH LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2022 The trustees present their annual lept and financial slatements for the year ended 31 Marth 2022. The financia1 statements have been prepa in accordance with the accounting policies set out in note 1 to the finanoal statements and comtAy wilh the chariws goveming document, the Companies Act 2006 and "Accounting and Reporbng by Charities". Statement of Recommended Practi applicable to charities preparing their accounts in accordance wth the Financial RepoFbng Standafd applicable in the UK and Republic c>f Ireland IFRS 1021 leffective 1 January 20191". Objectivès and aetlvltlts The charity's objects are advancerrt of the orfhodox Jewish faith. Thè trusteÈg have paid due regard to gLIidan issue(I by the Charity Commission in deuding what activities the chaty should undertake. Achievements and perfomiance Financial review It is the policy of the charity that UnStriCted lunds which have not been designated for a speufic use should b8 maintained at a level equivalent lo between three and six month's expenditure. The trustees consider that reserves at this level will ensure that. in the event of a significant drop in fundirbg, they will be able lo continue the charity's current activities while consideration is gtven to ways in Wh artditional hjnds tnay be raised. This level of reserves h8s been mainlained throughout the year. The trustees have assessed the major risks to whth the charity is exposed. and are satisfied that systems are in place to mitigate extK>sure to the maior risks. Structure. governance and managemènt The charity is a company limited by guarantee. govemed by its Memorandum and Arbdes of A*%8tion daled 14 Septetnber 2018. The trustees, who are also the directors for the purpose of o)mpany law. and who served during the year and up to the date of Snature of the finan¢i81 ststèments were= C B Braude AA Guttentag A M Jacobs BNRowe O Segal None ol the trustees has any beneficial intefest in ihe company. All of the tJustees are membèrs ol the cornpany and guarantee to contribute £1 in the event of a wirKling up_ The ustees. report was approved by the Board of Tnjstees. A M Jacobs Trustee Oate..
HENDON ADATH LIMITED STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2022 The trustees. who are also the dir8ctors of Hendon Adath Limrted for the purpose of company law, a responsible for preparing the Trustees, Retx)rt and the financial statements in accordance with applicable law and Uniteil Kingdom Accounting Standards (unit Kiryck)m GenerallyAccepted Accounting Practice). Company Law requi$ the trustees to prepare finanaal statements for each finanaal year which give a true and fair view of the slate of affairs of thè charity and of the incotning resources and application of resources, including the income and expendilure. of the chartLable )MpanY for that year. In pr8paring these finanaal statements, the trustees are required to". - select suitable accounting pdioes and then apply them consistenuy: - observe the wneth(xls and printirAes in Charities SORP.. - make judgements and estimates that are reasonable and prLthnt: state whether applicable UK Accounting Standards havè been follow&Y. subject to any material departures disclosed and explained in the finan(ial 51alements'. and prepare the finanual statements on the going CO£M basis unle&s il is irwpropriale lo presume that the charity wll conts'nue in operdlion. The trustees are responsible for keeping adequate accounb.ng record5 that disdose with reasonable accuracy at any time the finanaal position of the charity and enable them to ensure that the financial ststements comply with the Companies Act 2006_ They are also responsible for safeguarding the assets of tha charity and hence for taking reasonable steps f¢y the prevention and detecb.on of IrdU(J and otsr irregularities.
HENDON ADATH LIMITED INDEPENDENT &XAMINER'S REPORT TO THE TRUSTEES OF HENDON ADATH LIMITED I report to the trUStS on my examinab.on of finan¢ial slatements of HeIon Adath Limr(ed Ithe charityl for the year ended 31 Marth 2022. Responsibilities and basis of report As the trustees of the charity land also its direct$ for the purposes of company lawl you are sponSIble for the preparation of the Iinancial statements in accordarKe vhth the reguiiefflents of the Companies Act 2006 Ilhe 2006 Act). Having satisfied mysdf that the finanaal statements of tt charity are rt required to be aUdItj under Part 16 01 the 2006 Act and are eligible for independent examination. I report in fespect of my examination of the charity's financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the apleablE Directions given by the Chaw Cornrnission under section 14SlSllb) of the 2011 Act. Independent examinerf5 Statement I have completed my examination. I confinn Ihat no matters have cOe to my atten¢KJn in wnnection with the examinab.on giving me (xuse to believe thal in any material respect.. accounting records We not kepl in respect of the charrty as required by section 386 of the 2006 Acl,. or th8 frnancial statements do not accorrl wth th(&se reo)rds" the financial ststements do not comply with the accountsng requirements of section 3 of the 2006 Act 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.. or the financial statements have not en pTrpared in acurdance with the rnethods and principles of the statetnent of Recommended Pracbce lor accounts.ng and reporting by charities applicable to charities preparing their accounts in ac(x)Idan(% wilh the Finanoal ReFX)rts"ng Slandard applicable in the UK and Republic of Ireland IFRS 1021. I have no concems and have come across no other matters in connection th the examinab.on to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. Anthony Epton AFCACTA FCIE GOldwS Litnited 75 Maygrove Road Wesl Hampstèad London NW6 2EG
HENDON ADATH LIMITED STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2022 Unrestricted Unrestricted funds fttnds 2022 2021 Notes Income from= Donations and lega¢ies Investment infjotlle Other income 800,000 39,670 7.145 39.121 Total income 39.121 846.815 Charitable activrties 23.944 20,112 Total expÈnditurÈ 23.944 20,112 Net income for the yearl Net movement in tunds 15.177 826.703 Fund balances at 1 April 2021 826.690 1131 Fund balances at 31 March 2022 841.867 826,690 The statement of financia5 a¢b"vities indudes all gains and losses recognised in Ihe year. All income and expenditure derive from Ctinu1j activities. The statement of financial a¢tivEti8s also complies wth the r8quirements lor an in(ome and expenditure account undèr thè Companies Act 2.
HENDON ADATH LIMITED BALANCE SHEET AS AT 31 MARCH 2022 2022 2021 Notes Fixed a55els Investment property 11 950.000 950,000 950.000 950,LKIO Current a55ets Cash at bank and in hand 41.967 26.7 Creditors: amounts falling due within one yèar 12 1150.IIK)I {lYJ.1001 Net current liabilits.es {108,1331 1123,3101 Total assets less current liabilitias 841,86T 826.690 Income funds Unrestricted funds 841.867 826.690 841,867 826,690 The company is entiued to the exemption fTOrn the audrt requirement (x)ntsined in section 477 of the Cotnpanies Act 2006, for the year ended 31 March 2022. The directors acknowledge their responsibilrtie5 for complying wth the TeqU1ments ol the Companies Act 2006 with respect to accounting records and the pParatIOn of financial slatements. The members have Th)t required the (x)mpany to obtain an audÈt of its finanoal statements for the y8ar in quesbon in a¢¢ordance sec¢ion 476. These financial ststements have Lwn prepared in accordance wth the prowsions applicable to compan¢es subject to the small companies regime. The IinanGial ststements were approved by ihe Trustees on ...... ... A M Jacobs Trust88 Company Registration No. 11568671
HENDON ADATH LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 A¢¢ounting pollcles Charity infomiation Hendon Adath Limited is a private £panY limiled by guarantee in¢J)r¥K)rated in England and Wales. The registered offic8 is 11 Brent St, Hendon. Londorh. NW4 2EU, United Kingdom. 1.1 Accounting convention The financial statements have b p[epar in accordance with the chgrity's Igoveffling documentl, the Companies Act 2006, FRS 102 Yhe Financial RetK)rts"ng Standard applicable in the UK and Republic of Ireland" I"FRS 102.1 and the Charities SORP "Accounting and Rerting by Charities.. Statement of Recommended Practice applicable to charities preparing thèir accounts in accordance with the Financial Ret>Drting Standard applicable in the UK and Republic of Ireland IFRS 1021" leffective 1 January 20191. The charity is a Public Benefit Entity as defined by FRS 102. The financial statements a prepared in st8rfing, which 15 the functional cvrrency of the chanty. Moneiary amounts in these finarrial Slatemts are rounded to the nea$t £. rhe financial statements have been prepared Und the historical cost convention. modffied to indude the revaluation of investment pr(wertiéS at fair value. The prinupal accounting FxJi(xes adopted are set out below. 12 Going concem At the time of approving the finanoal statetn8nts. ihe tnJsÈees have a reason8ble expectation that the arity has adequate Tesourtss to conbnue in operational existen for the fore58È8ble future. Thus the trustees continue io adopt the going conrn basr5 01 accounting in preparing the finanoal statements. 1.3 Charitable funds UnrÈstri¢ted funds ale availab for use at th8 dis(xetwJn of the trustees in furtheran¢e of their charitab18 obj'ectives. Restricted funds a subject lo specific condttK)ns by donors as to how they may be used. The purposes and uses of the re5tricled fvrKls ar8 set out in the notes to the financial statements. Endowment funds are subjeci lo speufic condibons by donor5 that the ¢xprtal must l)e maintained by the ¢harity. 1.4 Income Income is recc¥Jnised when the charity is Wlly entilled to it after afiy perft)rmance condliions have been met, the amounts can be measured reliably, and it is probable that rncome vvill be received. Cash donations are Tecognised receipl. Other dona0r ar8 r8wgnised the charity has been notified of the donation. unless performan conditions require defetral of the amount. Income tax recoverable in rtrlation lo donatn$ received under Gift Aid or deeds of covenant is recognised al the lime of the dongtion. Legaaes are reccgnised on receipt or otherwise rf the charity has been notified of an impendir distribution. the amount is known. and r8c8FPt is exp8ct. If the amtyjnt is not known. the legacy is treated as a contingent asset_
HENDON ADATH LIMITED NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Accounting policies {Continuedl 1.5 Expenditure Expen(Jiture 15 rewgnise(l once theie is a legal OT wnstrudive obligation to Tnake a payment to a third party, it is probable that setuernent will be requi and the 8m(xJnt of the obligation can be measured reliably. Expendilure is classified under the followng activity headings.. Costs of raising fvnds comprise of wsts inoJrred by the charitable wmpany in inducing third partiés to makè voluntary contributy.ons to IL as well as the cost of any activities wilh a fundraistng purpose. Expenditure on tharitsble aclivtbes indudes the costs of delivering services urrflertaken to further the purkwes of the charity and their asSated suprK)rt costs. Other expenditure represents Ihose items rK)t f311iry into any othw heading. 1.6 Investment propertles Investment property, which is property held to eam nIal$ andlor for c2pit81 appreaats"on. is initial recognised at cost, which indudes the purchase cost and any direcily attributable expenditure. Subsequently il is measured at fair value at the retK>tting end date. The surplus or deficit on revaluation is recognised in profit or loss. 1.7 Cash and ¢ash equivalents Cash and cash equivalents indude cash In hand. depostts held at call with banks. Other short-terrn liquid investments with original maturities of three months or less, and bank overdrdfts. Bank overdrafts are shown within borrowngs in 0jrnt liat*ilibes. Basic financial assets Basic financial assets. which include debtors and cash and bank balances. are inib'8lly rneasured at transaction pri induding transaction costs and are subsequenuy carried at amortised c05t using the effective interest methcmj unless the arrangement constitutes a finan(ing transaction, where the transaction is measured at the present value of Ihe future ¥ec£ipts discounled at a market rate of interest. Finanaal assets classified as receivable within one year are not amorbseil. B8$i¢ financial liabiliti•s Basic finarTrcial liabilib"es. including Credito arKJ bank k)ans are inibalty recognised at transaction price unless the arrangétnènt constttutes a financing transactK)n. where the debt instrument is measured al the present value of the future payments disix)unted al a market rale of interest. Financial liabilities classified as payablè wthin one year are FK)t amortised. Debt instruments are subsequendy carried at amottised (x)st, using Ihe effecttve interest rdte method. Tra¢Je creditors are obligations to pay for goods or services that have been acquired In the ordinary Course of operations from suppli8ts. Amounts payable are dassified as current liabilities if payment is due within one y&ar or less. If not. they are pie5enled as rion-currenl liabilib"es. Trade credrtors are recognised initially at transa¢tion price arKI 3UbwuenY ffleasured al amoFbsed cosl using the eftective Inte$t method. Derecognition of financial liabffllities Financial liabilities afe deFeniSe{l when the tharity's traclua1 otAwJation5 expirè or are discharged or
HENDON ADATH LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 hlARCH 2022 Accounting policies (Continued) 1.8 Employ88 n#fitS The ¢osl of any unuse(J holiday erbtillement Is reciyJn15ed in the r*ricnl in which the empbyee's serviGe$ are received. Termination benefits are recognise(l immediately as an expense when the Charity is demonstrably committed to temiinate the emFdoyment of an empk>yee or to prov¥Je temiinati¢M benefits. Critical accounting estimates and judgements In the appIltion of the chanws aCCJntir¥j policies. the tnjstees are reqLsired to make judgements, estimales and assumpts'ons about the carrying amcwnt of assets and liabilities that are not readily apparent from other sources. The estimates and assocAated assumpt)ons are based on historical experience and other tsctors that are considered to be relevant. Actual results may dÉffer from these esb"mates. The estimates and undedying assumptions are reviewed on an ongoing basis. Revistons to accounting estimales are recognised in the peri1 in Vthh the ests.mate is revised where the revision affects only that pencxl, or in the pen(KJ of the reViSn and future periods where the revision affects both current and future periods. Donatlons and legacies Unrestricted Unrestricted funds funds 2022 2021 Donab'ons and gifts 800,000 In 2021, this represents the investment al valuation le55 the loan transferred from the old entity. InvestmÈnt IncomÈ Unrestricted unstriCted funds funds 2022 2021 Rental Income 39,121 39.670
HENDON ADATH LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Other incorne Total Unrestrictèd funds 2022 2021 Insurance proceeds fr1)m 11(MxJ damage 7,145 Charitable activities Charitable Gharitable ExpenditurèExpenditure 2022 2021 Donations to Hend¢Jn Adath Yisrod Congregalion CIO 20,000 Share of support costs (see rle 71 Share of gov8manc@ costs (see note 71 3,664 15.094 18 23.944 20,112 Support costs Support Govemance costs 2022 Support Govemance costs (x)sts 2021 Insuran¢e Managernent lees Property expenses Sundry 520 2.347 797 520 2.347 797 13 686 2,380 12.028 686 2,380 12,028 13 13 13 Legal and professional Bank charges 260 260 3.664 15,094 18 15,112 Analysed between Charitable activibes 15,094 18 15,112
HENDON ADATH LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARGH 2022 Trustees None of the trustees lor any persons (x)nnecled 1h iheml received any remuneration or benefits from the charity during the year. Employèès The charity did not emrAoy any stsff duriny thè yèar. 10 Taxatlon The charFtable Company is exempt from oxporatK•n tax as all lis ino)me ts charitable and is applied for ¢hartsble purwses. 11 Investment property 2022 Fair value At 1 April 2021 and 31 March 2022 950,000 The fair value of the invesbment propety has been arrived at on the basis of a valuation Carried out in the Inancial year 2018 by thartered surveyors. who are not (y)nnected with the tharity. The valuation was made on an open market value basis by rèfèrènce to markèt evidence of transactK)n prices for similar properties. 12 Creditors.. amounts falling due within one year 2022 2021 Other creditors 150,100 150,100 13 Related party transactlons During the year the charity made a donation of £20.OCKI 12021.. £5.CKJOI to Hendon Adath yisr1 Congregation CIO, a connected chartty. 10-