Charfty roglstratlon numbor 1184204 Company registration numbar 11568671 (England and W41081 HENDON ADATH LIMITED ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
HENDON ADATH LIMITED LEGAL AND ADMINISTRATIVE INFORMATION Tru•tso81 Dlrector5 C B Braudè AA Guttent8g A M Jaco Honow Sauetsry 8NRowe D Segal Secretary A M Jats)b3- Honorary Sec¥8tary Charity number 1184204 CoThpany numbor 11568671 11 Brent Sl, Hencb)n London United Kingdom NW4 2EU Indeppndent examinor Anthony Eplon BA FCACTA FCIE Goklwin5 75 Maygrove Road West Hampstead London N)N6 2EG
HENDON ADATH LIMITED CONTENTS Pago Trustees, report Statement cl trustees, re¥onsibilities Indepèndent examingrf$ repc statement of finanaal actbvib'es Balance ¥heet Notes to the ffinancial statements 6-10
HENDON ADATH LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 The trustees prfrsoni Iheir annual rewrt and fin8nual statements forthe year endod 31 March 2024. The financaal statements have b8en prepared in accordan with Ihe accountr'ng polirAe$ set out in note 1 to the financial statements and comyly wrth the charity'8 goveming document, the Companies Ad 2006 ¥md "Accounting and Reporting by Charitieg.. Statement of Recommended Praclice ap1(blo to charkties preparing their accounts in grLordance wrth the Finanoal Reporting skndard applble in thé UK al ReputrAic of Ireland (FRS 102> {effsc#iv8 1 janu 20191" Objectlves and acllvltlgs Thè charty's objects are advancement ofthe orthcdox Jowish faith. Th8 trustees have paid due regard to guidarth i88Ltod by the Charity ComThN$$on in decAding vA)al ac11vE88 I charfty should undertake. Achigv•m•nt¥ and pgrfornmnee Flnandal rgviow It is tha pollcy of the Charity that unffj$tricted funds vthich have not been deslgnal8d for a sp8¢ffic use should be mainlainod at a level equivalent to between three an¢Y six month's expenditure. The trustaes consider that reserves 8t this level wll ensufe that. in the event of a significant drop in funding, they wll be able to continue the charlty. Current artivthes while ¢onsderal'on 1$ given to ways in which additional funds may be raised. This lev81 of reserwes has been maintained throughout the year. The twstoes have a$sess8d the major risks to vthic*¢ the tharity is 8xpo8ed. and are satisfied that systems are in place to mitigate exp)5ure to the major risks. Structurgj govoman¢• and managemènt The charity 1$ a compary Ilmiled by guaranta8, govemed by Fts Memorandum and Arti¢18$ of AS5110n dated 14 Septernber 2018. The trusl&&s, who are also the directors for tha purpose of (nmpany law, and who 8oNed during the ygar aThJ up to the dats of 5ign8ture of the financial statements wera: C B Braude AA Guttentag A IA Jacobs- Honorary Seuetary BNRowe Dseg None of the trustees has any beneficial interest In c(Thpany. All of the truslees are rnemrs ofthe company and guarantee to contslbule £1 in the event of a winding up. Th trustees, rewt wras approved ty the Bowd ofTru8te68. Jacobs- Honorary s¢etary TN$te• 15 July 2024
HENDON ADATH LIMITED STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2024 The trustges, who a also th8 directors of Hendon Adath Limited for the wrp08e of company law, are responsiblè for weparing the Trustees, Report and the financial statements in accordance with applicable law and United Kingdom ACntIng Standards {United Kingdom GenerallyAccepted A¢£ounting Pracliel. Company Law requires the tN8tees to prepare finaniial ststements fr)r each finants8J year which gNe a trt and fair vlew of the state of affairs of the charity and of the incoming re8Our and application of resour. induding th income and ¥xpenditiJre. of the charttable MpanY for that year. In preparing these finawal statements. the trustees are required to.. - $818Ct suitable ac¢ounling policies ond then appty thJn o)nsistenUy', - observe the melhods and prirtleS in th6 Charllles SORP., - makejudgem8rts and est#nes that are rea80nable and prudent.. state whether applKablo UK Acu&unb"ng Standards have been followed. subjeL lo any material departur¥s disdo$ed and explained in1he finanaal statements., and - Fyepare the finaniyal statements on the going con¢em basis unless it is Inoppropriats to presume that Ihe charity will ts)ntinue in operation. Th? trust88s are responsibb for keeping 1eque a(tounting records that disclose with r•¥sonable acrw8¢y at any lirrÉ the financial position of tha charity and enable them to ensure that the finanoal statements compty with the Companies A¢ 2006. They are also resp)nsible for safeguarding the assets of the charity and hence for taking re•$onable steps for tho provention and delection of fraud 8nd olhgr irr¢gularitifjs.
HENDON ADATH LIMITED INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HENDON ADATH LIMITED I report to the tyustees on My examinallon of the finanrAal 8tatemorts of Hendon Adath Limited (tho charity) lor the year ended 31 March 2024. R•sponsibilitie8 •nd Iwlty of report As the trustees of the charity {and also dbrectrys for the purposgs of company law} you are resp£SIble for Ihtr preparallon of the financial statemgnts in acuJrdanco ¥Mth the requirements of the Companies Act 2006 {the 2006Act). Having satisfied myself that the financial ststements of the tharity are not required to bg audited under Part 16 of the 2006 Act and arn •ligibl8 for independent examit7ation, I rep)rt in respect of my examination of the charity's fin8rri81 statements carried out under secbon 145 of th8 Charilitts AIX 2011 (the 2011 Acll. In carrying out my examination I have followed all tre appliCae Dirs¢tions given by the Charity Commission under s¢¢tion 145151{b} of the 2011 Act. Indopondgnt 8x•mln•fg Statomont I have completed my examination. l o)nfimi that no matters have comè io my attenb.on in eonnection wlh the exarninalion gmng me ¢ause to lieVe that in any material respect: aw)unting records were not kept in respect of the charty as reqUId by section 386 of the 2006 Act., or th¢ fin8nual statements do not acrd with those records,. or th¢ financial statements do not comply with tmtr acfX)unting requiremonts of se(on 396 of tho 20C6 Act other than ony requirement that the aUnts give a Imè and fair view which 1$ not a matter consldeied as part of an indyndant examination- or th¢ finanaal statemonts have not been prepare(l in accordanix with the methc4Js and principle3 of tho Ststsnt of Recommended Practice for 4wJurrting and reporling by cknarities applic8bl¥ to chanties preparing their acc£unts in a¢cordanee with the Fin8n¢ial ReportirrfJ Standard applicable in thè UK and Republic of I10nd IFRS 102). I ha no concems and have ¢)Jme acroM no other matter8 In conneCtn thg examination to which attention should be dr8wn in thls report in order to enaue a proper understanding of the finanrial statements to be reached, Anthony Epton A FCA CTA FCIE Gddwins LIted 75 Maygrove Road Hampstead London N6 2EG Dated: 15 July 2024
HENDON ADATH LIMITED STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unr•Jtri¢tsd Unreslrthd funds funds 2024 2023 In¢omè from: Investmont income 43,180 41,497 nditura on: Charitab19 activtl8s 74,551 42,643 Total expondltyre 74.551 42.643 Ngt w9ndirn for the yoarf Net movom•nt In fd 131,3711 (1,1461 Fund tdances at l April 2023 840.n1 841,887 Fund balancos al 31 Marth 2024 809,350 840.721 The statemènt of finartial actwities indude8 all gains and losses recA)gnis8d in thtr y•ar. The statement offinartial indudes all gains and losses rewgnised in the year. hjl income and expendthre derfve from ojntinuing actiwtie$. Thè ststement of fin8noal activities a180 ci¥nplie5 the requir8rt5 for an trrwrrE and experKlibJre 8c¢ount under the Companies Act 2006.
HENDON ADATH LIMITED BALANCE SHEET ASAT31 MARCH2024 2024 2023 Notss Fixed a¥sots Investment propety 950.000 950,C)O 950.000 950.000 Cvrr•nt assets Cash at bank and in hand 9.450 41.967 Creditorn: amounts falllrbg due wlthln ono yèar 10 1150.100) (151.246) Net cuffent liabilities (140,650) (109,2791 Totsl assets16ss current liabllllle• 809.350 840.721 InG¢mè funds Unrestrith funds 809.350 840.721 809.350 840,721 The company is fjntit to the exemption from the audf( requlremenl ¢xsntained in section 477 of th¥ Companies Act 2006. for the year ended 31 March 2024. Th& directOT8 a¢knowledge thebr s)nSibltieS for cOmy1ng wlh the requirem•nts of the Act 20Cfj with respect to a¢xount¢ng rerdS and the preparation of finanual statements. The members have not required the company to obtain an audit of its financial Statem the ye In question in acLordance With section 476. The8e finanryal statsments have been prepared in accordance th the provfjslon8 applicable to mpanIeS $ut4oCt to the Small companies regime. The fin¥neial 8tslemtnls were approv•d by the Trustses on 15 July 2024 A M Jao)b8- Honorary Sec¥etsry Trtte• Company ReglstratioTr 11568671
HENDON ADATH LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting poli¢1 Charfty Infornwtign lendon Adath Limited 1$ a private company limited by guarantee i1rporated in England and le& The registsr¥d office is 11 Brent St, Hendon. London. NW4 2EU, Un(ied lQngdom. 1.1 Accountlng convgntion The finanaal statements have been prepared in accordaKe with the thanty's goveming documenL the Companies Act 20C6. FRS 102 'The FinancAal Reporting Standard applicAble in the UK and Republtc of Ireland. l°FRS 102.) and the Charities SORP "A¢xounting and Reporting by Charities.. Slatoment of Recommended Praclice applicablo to charities prfjparing their a¢nts in a¢dance with the Finan¢Yal Reporting Stsndard applicat4e in Ihe UK and Republic of Ireland (FRS 102}. laffeve 1 January 20191. The tharity is a Public Benellt Entity as defined by FRS 102. Th8 financAal stat•m•nts are prepared in jterling, whbd) 18 the fiJncti¢Jnal lIanGY of the chanty. Monetary srThJunts in these flnancaal statements are rounded to Ihg nearest £. The finanaal statements h8ve been prepared under the higtorical cost convenilon, m¢)drf¢ed lo indud• the revaluati¢n of Invethenl proFerti88 attsir value. The principal acc#)unling policie8 ¥doPtod are set out beltrrt. 1.2 Going ¢¢nc•m Al the time of approving the finanual statements, the trustees hav$ a reasonable expectalton that the thavity has adeqLWte resources to ntinUe in operational existen for the foresgeable ftrture. Thus the trustee8 ¢lnue to adopt the going concem basi5 of accounting in preparing the financkgl stments. 1.3 Charitsble lund8 Unrestricted funds are available for uee at the disuation of the trustees in furtheran¢• of Iheir charit¥b obJ'eGtave5. Resthcted fjJnds are subject to spec4fic conditions by donors or grantors as trj how they may usad. purposes and uses of the restrrted fvnds are set out in the notes to thé financial statements. Endowment funds ara suty'eL to 8pedfic (¥Jndrtion8 ty dorr9 that the caplta rnust be maintain8d by Ihe tharfty. 1A Incom• Income 15 reryj9n1s when the d)arity is lega5ty entthed to rt after any perfomiance cL)ndrtion$ have been met, thè amounts cn be measured rellay, and it is probable that inom wil bp rec81v. Cash donations are rec{¥Jnis on receipt. Othar donations S reccgnised onc* the charity has been notif of the donation. unless perfom)anc£ conditions require deferral of the arrKJunt. Income tax recoverable in lation lo donations received under Gift or deeds of covenanl is reeogni8ed atthe time of the donation. Lega0 are recognised on reGgipt or otherwisa rf tha charity has been notrfied of an impending distribution. the amount is known. and rèceipt 1$ expected. W th8 amount is not kTh)wn, the legaw ig treated 33 a rmtingenl asset.
HENDON ADATH LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accountlng pollcles (Continuodl 1.5 ExpdItUrn Expendiiure is recogni8ed once there is a legal or constructive obligabon to make a payment to a thlrd party. It is probable that $¥tY¢menl will be required arKI the amount of the oblig81ion can be measurod rdla1y. Exp•nditure is dassified under the following headings.. Costs of raising funds Comprise of costs in¢urred by the charftable company in induthj third parties to make v¢luntary contributions to it. as b%ll as thè c08t of any athitie8 Wth a fundraisiNJ purpose. Expenditure on crilable activthes inthd•$ the costs of deliwring service8 undertaken to fvrther the purpos•$ of the tharty and th•r 8sÈociated support C08t6. Olhgroxpgnditure repwd¢nts those item# not falling into any other heoding. 1.6 Inveslment prOty Investment propety, which is propwty held to earn rentsls andlor for capttal aPPfecilion, is initialty rcognised al St, which indudes the purchase cost and any directty attr1bLrtab expèndrture. SubseqLnI it is measurwj al fair value at the reporting end date. The surplus or defiiit on revalu81ion is recognised in offt or loss. 1.7 Cash and ush equivalonts Cash 8n(J cash equivalents Include cash in hand. d8posits held * call ba)k8, Otlw short-temi liqubj investrnents with original malunties of three months or less, and bank overdrafts. Bank overdrafts are sho within b)rrn9$ in cvffent liabilrflles. Basic financialossets Basic financial a$$ets, which in¢lud• debtofs 8nd eAsh and bank ba18nces, are initialty measured at transadion priee induding transaction costs and are sUegU&ntIY carried al arrvJitsI cost using the gffettive inlere8t method un1¢$8 the afrangement constitutes a finanong transaGlion, wherè the transaction is rneasured at the present value of the ftrtwe retÈipts diso)unted at a market rato of interest. Financial asse15 da$$ffied as recNable wkhin one year a not anyJrtise(J. Bask financialli•bllltt•s 8C financial liabilities, induding creditors and bank k)ans are initialty rec4)gnised al transaction priea unless the arrangement con$11tut•$ a finanang transathon, where the debt instwmenl is measLtred at the mont value of the fvlure payments discountod al a markot r8 of intereBt. Financial Ikabilities dasfi•d as payablè within on? year ars not amorti5ed. Detl instruments are subwuentty cathed at rorfised cost. Urt9 th¢ effects've interest rate method. creditors are obliyalion¥ to pay for goods or seNees that have been acquired in th8 ordinary o)urso of operations from suppliers. Amunls payable e dassified as current IiBbilrties if payment 1$ due within o year or les$. If not, thay are pTr8enle(l as non-current liabilities. Trade creditors are recogni8e<l iniually * tranwtion price and 8ubsequenUy measured at amortbsed )st using the effecttve interest method. D¢rncognibon of flnancial liabiliiies Flnancial l+abilitio$ aro dorecognised vth•n the thanty's cfxrtractual Obligatn8 gxplre or are dI8charged or n(ld. 1.8 Employee benefits Tha c06t of any unusfjd holiday entitlement is retsjgnised in the period in wttl¢ Ihe employee's 8eNl¢e$ are receNod. Temiinalion ben•fft$ are recogni5ed immediatety 88 an expense when the Charity is demonstrabty committed to leminate the employment of an employee or to prowde lemiination ben8fft5.
HENDON ADATH LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Crltlc•l accounllng o•1kn•tss and ludgfjmgnts In the application of thé chafity's aets)unling pollcies, the twstees are requlred lo make judgements, estimatos d as5LmPtions about the carrying amount of assets and liabilities that are not raadity apparent from other sOurs. The esttmate$ and associated assumptions are based on histori1 experience and other factors that *e consider8d to be relevant Actual res1$ moy drffer from thege estimates. Tho e$limates arKI undorlying assumptions are rtrvievd on an ongoing basis. Revision$ to accountin9 ests'mates are r8cogni8ed in the period In which the estimate 1$ rewsed where Iho revision afferts onty that period, or in the period ol the revislon and fvlure period$ where thé rewsion affects both rrent and fvture p81iods. Incom• from invo¥tmonts Unmtri¢tsd Unreytrlcted funds fund¥ 2024 2023 Rentsl inec 43,180 41,497 Expondlture on charltablg athltles Unr•strlctod Unrestrictsd fund• funds 2024 2023 Dlrnct costs Donatw)n$ to Hendon Adath Yi$roel Congwats'c CIO 67.000 38,500 Share of support and govemanc• ¢o¥ts1800 nots 51 Support Gov¥rnance 4,519 3,032 4.120 23 74,551 42,643 Analysi8 by Unrestrided thjnds 74,551 42.643
HENDON ADATH LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Support costs SupportGowm•nce Totsl 2024 SupportGovemance Total 2023 ost$ Insurance anagement fees Property expenses Sundry 1,142 2,591 1.142 2.591 1,148 2,490 1,148 2,490 51 51 13 13 Independent esamination fees Legal and professional Bank charges 1,800 1,170 1.800 1.170 11 10 10 4,519 3,032 7.551 4,120 23 4,143 An4tys¢d bthoen Charitable a1ve¥ 4,519 3.032 7.551 4.120 23 4,143 TriJstso$ Non¥ of the truste0$ {or any persons connected wrfh th> received any romuneralion or benefrts from I chanty duriThJ the year. EmpWts8 The tharity dKI not P1¢>Y any staff durlng the year. TOn The charitable wmpany is exempt from o)rporalion a$ als its inctsxe is tharitable and 18 aPled for charitable purposes. Invg8tsn•nt prop9rty 2024 Fairval Al 1 April 2023 and 31 March 2024 950,000 The fair value of thè investment propety ha8 boen arrived at on the basis of a valuation canied out in the financial year 2018 by chartered surveyors. who are not connected with the c*ority. The valuation was made on open markat value basis by reference lo market evider of tr8nsaction pric•$ for similar properties the trustees conffirffl thi8 1$ the cuThentfair value.
HENDON ADATH LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 10 Cro(fthrn: amounts falling within on• ywr 2024 2023 Otherueditor¥ 150.100 151.246 11 Unrestrictsd fvnd8 The Lmrestrfded fijnds of the dmrity conyse th¥ unexpènded balances of donations and grants whlch are not Subject to spetyfic conditions by donors and grantors as to how they may be used. Thes& indude designated fvnds whith have been sfjl astikn oul of unr851riGt•d funds by the INsteo$ for specffic wtpoaes. At 1 Aprfl Incoming Rasources At 31 March 2023 ruources •xp•ndod 2024 General funds 840.n1 43.180 (74.551) 809.350 ProViOU8 YW. At l April 2022 Inoomlng Rosouru$ At 31 March re•ourcas oxpondod 2023 Gener81 funds 841,867 41.497 {42,643) 840.721 12 R•lated party transa¢tlon$ During the year tho charity made a donation of £67,000 (2023.. £38.500) to Hendon Adalh Y*roo1 Congregation CIO. a th)nnÈcted charity. 10-