Charfty rn9iStrntion number 1184204 Company rngistAtlon number 11568671 (England and Wal> HENDON ADATH LIMITED ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
HENDON ADATH LIMITED LEGAL AND ADMINISTRATIVE INFORMATION Trusteetsl Dire¢torn AA Guttentsg A M Jacobs- Honorary Treasurer BNRowe D Seggl S•¢r•tsry A M Jacobsv Honorary Treaswer Charity number 1184204 Company number 11568671 Reglstorod office 11 Brent St. Hendon London United TrQngdoffl NW4 2EU Independent examln•r Anthony Epton BA FCA CTA FCIE Goldwins Lirniled 75 Maygrove Road Wesl Hampslead London NMB 2EG
HENDON ADATH LIMITED CONTEKrs Paga Tru5tees' report StaleMI of trustees, responsibilrfie$ Indep8ndent examlnels report Statement of financial a¢tNities Balance sheet Notes to the financial stat8ments 6-10
HENDON ADATH LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2025 The trustees present their annual report and financial statements forthe year erHled 31 March 2025. Th8 financial slalernents have been prepared In accordan with the aUnting policies set out In note 1 to the finan81 statements and ctsmply with the charity'5 ggveming document. the Companies Acl 2006 and "A¢nI1ng and Reporting by Charities.. Stslement ol Recomrnended Practice applicable to ¢h8¢rties preparing their accounts Sn accordance wrth the Financial Reportin9 Standard applicabltr in the UK and Republ of Iieland IFRS 102} {effe¢tive 1 January 20191". Objectives and actlvltlfys The charty's owects are advancement of the orthodox Jewish faith. The Iru$lee$ have paid due rogard to guidance issued by the Charity Commission in decmling what livI11e$ the Charity should undertake. Achievements and rfo•Ct Financial review It is the policy of the charTty that unrestricted fvnds whith have not been designated for a specthc use should be maintained at a level equivalent lo behveen three and six month's expenditure. The Irust88s consider that Teservo$ at this Ve1 will ensure Ihat. in the ev¥nt of a significant drop Trn funding. they will bè able to continue the charity's cuThenl actmlies while consideration is given to ways in which 8dditional funds may be raiseil. This level of reserves has been Maintain throughoul the ye¥r. The Iwstaes have assessed the major risk8 Its whlth etharity is expose<l, ond a satisfied that system$ are in place to mitlgata exposure lo the major risks. structure. governan and manag¢m8nl The charrty is a eompany limited by guarantee. govemed lyi its Memorandum and Articles of AssocAation dated 14 September 2018. The trustees, who are also the directors for the purposg of MpanY law, and who s8ryed during the yeor and up lo the dat& of signature of t ffinancial statements were.. G B Braude (Resigned 31 August 2024} AA Gurtenlag A M Jacob$- Honorary Treasuref BNRowe D S8gal Nong of the trustees has any ban6ficAal interest in thè company. All of the trustees are members of the company aThJ guarantee to contribLrte £1 In the event of a windin9 UP. The Irusltr ' reFWaS approved by the Board of Tru51ees. A M Jacobs- Honorary Trustee rea5urer 18 JLtty 2025
HENDON ADATH LIMITED STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2025 The trustees, who are also the dlrectors of Hendon Adalh Limited for the purpose of tx)mp8ny law, are responsible for preparing the Trustees. Report and Ihe finanaal slatemenls in accordance with applicable law and United lfjngdom Aecounting Standards (United lfjngdom Generally Accepted Accounting Practice). Company Law requires Ihg trusl$es lo prepare ffinanaal ststemen15 for e¥¢h financial year which give a and falr view ol the stale of affairs of the charty and ol thè incoming resources and application of r9sources. indudiNJ the income and expenditure. of the charitable company lor that year. In prepariNJ these financAal statements. the trustees are requiTed lo.. - sele¢t suitsble accountiThJ policies and then appty them ojnsis1enl. - observe the method5 prin¢ipl8s in the Charities SORP- - make judgements and estimates that are reasonable and ptud¥nl', stsle whether apphcable UK Accounting Standards have boen followed. subject lo any maIal dgpartur8S disdosed and gxplained in the financial stalemgnts.. and prepare the fin8nci81 statements on the going ¢on¢em basis unless it is inappropriate to prasume Ihat the ¢harity 11 continue in operation. The trustees are responsible for keeping adequate accounting re¢ords that disdose WI re8sonable accuracy al any Iirne Ihè finanaal posf(ion of the eharity and enable thern lo ern$u that the financial slalemenls comply with the Companies Act 2006. They are also responsible for safeguarding the a$$ets of the charity and hence for taknng reasonaile steps for the prevention and dete¢titsn of fraud and other irregularities.
HENDON ADATH LIMITED INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HENDON ADATH LIMITED I report ts the trustees on my examinalion of the financial statements of Handon Adalh Limited Ilhe charity) for thè year ended 31 March 2025. R•3pon¥lbllltie¥ and bo$ls of report As the trustees of the tharity {and also rts dirèctors for th8 puiposes of company lawl you are responsible for the preparation of the finanaal statements in a¢¢ord8nce with the requirements of the Companies Ad 2006 Ilhe 2006 Act). Having satiSfd myself that the financial slalements of the charity are not QUIred to be audited under Part 16 of the 2006 Acl and are eligible for independenl oxaminalion. I report in respèct of my examination of the charity's ffinancial statemènts Carried out under sèction 145 of the Charities Act 2011 Ilhe 2011 Act). In carrying oui my examination I have followed all the applicable Dirgcllons given by the Chawity Commission under Section 145{51{bl of the 2011 Ad. Ind•p•ndent •xamln9rfs statement I have completed my exarnination. l confirm that no malters have come to my atténtion in connection with the examination giving me cause lo believe that in any material respe¢tr. accounting records were not kept in respect of the charity as iequired by seclion 386 of the 2CIJ6 Act.. or the financ4•1 stslgments do not accLrd with those re¢ords,' or the ffinanry81 st3t8rnents do not comply wth the accounling requirements of se¢bon 396 of the 2006 Act other than any wuirèmènt that the acrnunls gwe a trve and fair view which is not a matter considered as part of an independent examinat)n-, or the financial statements have not been prepared in 8CCOTdance with the mèthods and principles of Ihè St#lemenl of Recommended Practice for acxounb.ng and reporting by charities applicable to charities preparing their accounts in accordance wrth the Finanoal Reports'ng Standard applicable in the UK and Repu1¢ of Ireland IFRS 1021. I have no concems and have come acTOSS no other matters in connectK)n wilh tha èxamination lo whkh attention should btr drawn in this report in order lo enabl¥ a prop8r understanding of the finanaal statements lo b8 reached. Anthony Epton A FCACTA FCIE Goldwin5 Limitgd 75 M8y9rove Road Wesl Hamp$tead London NW6 2EG Dat8d.' 18 July 2025
HENDON ADATH LIMITED STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unr•str4Cted Unrestri¢t¢d funds funds 2025 2024 Ineom• from: Investment income 43,880 43,180 ndItU on: Chanlable artiiriti8S 48.229 74,551 Total èxp•ndltur• 48.229 74,551 N•t •xpnditure for the rI Not mov•m8nt in fvnds 14,549} 31,371) Fund balances at 1 April 2024 809,350 840.721 Fund balan¢e$ al 31 Mah 2025 804,801 809.350 The statement of financAal adiwlies indudes all 9ains and losses gnised in the year. The slalemgnl of financial adivities indud8s all gains and losses recognised in the year. All Income and expendKure derive from continuin9 actFVities. The statement of lknanclal actmlies also complies I1h the requiremenls for an in¢omg and eXpondre ac¢ount under Ihe Companies Act 2006.
HENDON ADATH LIMITED BALANCE SHEEr AS A T 31 AIARCH 2025 2025 2024 Notes Fixed a$sets Invgslment property 950.0 950,txJo 950,)0 950,CK)O Current assets Cash at bank and in hand 4,901 9.450 Credltors". amounts f*lllng duo wmhln on• yur 10 1150,1001 1150,100) Net current liablitles 1145,199) (140,650) Totsl a$s•ts lesg current Il•bllltl 804,801 809,350 In¢ome fund8 Unreslricled funds 804,801 809.350 804.801 809,350 The company is entitled to th& èxemption from the audit rgq(Irement contained in 5edion 477 of the Companies Act 2006, for Ihe year ended 31 Mah 2025. The directors a¢knowledge their respon8ibililies for complying wlh the reqU1Mnts of the Companles Act 2006 th respect to accounth'n9 re¢ord$ and the preparation of finonaal slaternents. The members have not requi company to obtain an autht of its finanaal stalemerts for thg year in question in accord8nc8 wrth section 476. These financial statements have bn prepared in accord?n¢e with the provisions apPrabl0 to companies subject lo the small companies regirne. Thefi ncial stslemenls were approved by the Tnjstees on 18 Juty 2025 A M Ja¢obsth Hon Truste• ry Treasurer Company R•gl$tratlon No. 11568671
HENDON ADATH LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 A¢c(buntlng poll¢le8 Chirity inforniation Hèndon Adath Limited is a private eompany limf(ed by guarantee incorporated in England 8nd Wales. The registered office is 11 Bienl Sl, Hendon, London. NW4 2EU, United Kingdom. 1.1 Accounting convèntlon The finan¢ial statèment5 have been prep8red in accordance wilh Ihg charity's goveming document. the Companies Act 2006, FRS 102 The Finan¢ial Reporting Standard applicatrAe in the UK and Republi¢ of Ireland" ('FRS 102.1 and Ihe Chariti'es SORP "Aeeounthng and Reporting by Char¢lies.' Statement of RerA)mmended Pradice applicable to tharities prtrparing thèlr account5 in acLX)¥dance with Ihe Financial Reportin9 Standard applicable in the UK and RepublK of Iland IFRS 1021- (effective 1 J8nu8ry 20191. Thè chartty 1$ a Public Benefit Entity as defined by FRS 102. The financial statem¢nl$ arè prepared in sterling, whi¢h is the functional currency of the ¢harity. Monetary amounts in thesè fjnandal statements are roundéd to thè nè8rèst £. The finaniyal statemenls have been prep8r•d under the historbcal cost convention. modffied lo Indud8 thg revaluation of inv&$tmenl properties al fair value. Th8 principal accounting polic$ adopted aro set out below. 1.2 Golng eoncern At Ihe time of approving the financial slatemenls, the Iwslees have a reasonable exp8¢tathon that the charlty has adequate resources to ntinUe in operabonal e$ten¢& for the foreseeable fiJlur8. Thus the tnle¢S ¢onlinue to adopl the gging wncèm basis of accounting in preparing the financial stslemenls. 1.3 Charftable funds Unrestricted furkls aro available for use al the discreOn of the ITU51ees in furthgiance of their charitable objectives. Restricted funds are subject to specific conditions by donors or grantors as lo how thèy may be ed. The purposes and use5 of the lostri¢t funds ale sel Olrt in lh8 notas lo the financial stslements. Endowment hJnd8 are subject lo specffj cmdilv)ns by donors that the capital musl b& maintained by the ¢harity. 1.4 Incom• Income is re(x)gnis8d when the charity is legally entided lo it after any wrfomiance conditions have béèn mel. Ihe arnounts can be measured reliably. and (( is probable that income will be ro¢eived. Cash donatlons arg recognised on rec¢ipl. Othar donations are recognised once the charity has been nolffied of the donation, unless performance conditions require defeThal of the amount. Income tax recoverable in relation lo donations received under GiftAid or deeds of ¢ovenanl is recognised at the time of the donation. LegacYè5 are re¢o9nised on receipt or othewwise If the charity ha5 been notified of an impending diStrUl10n. the amount 15 kn¢)wn, and receipt 15 expected. If the amount is not known, the legacy is treated as a contingont asset.
HENDON ADATH LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 MARCH 2025 AccountSng policitrs {Continuedl 1.5 Expendknre Expenditure is recogni5ed once there is a legal 01 constructive obligation lo make a payfflpnt to a third party, il is probable that settlement will be required and the amount ol Ihg obligation can be mÈ8sured reliabty. Expendiluw is dassified under the follomng activity headings.. Costs of raising funds comprise ol ¢osls incurred by the chawitsble Company in indUCg third parts lo rnake voluntary conlribulions lo it. a$ well as the cost Of any a¢tNth"es with a fundraising purpose. Exper¥thture on ¢harrtable actiVitS indudes the ¢o$ts of delivering seTvice8 undert8k&n to further the purposes of the charity 8nd their as$o¢iated support costs. Other expenditure rep$nI$ those items not falling into any other heading. 1ts Inveslm¢nt property Investment property, vA)Ich is property held lo eam rentals andlor for capital appreciation, is inilialy recognised at Cost, which indude$ the purchase cost and any diréclly altribuiable expenditure. Subsequently it is mèasured at fair value at the r•porting end dale. The surplus or defi¢it on revaluation Is fecognis9d in profft or108s. 1.7 C•h and eAsh equivalents Cash and cash equivalents indude cash in hand, deposits held al call with banks, other short-temi lJuid Investments with original malurilies of thrae rnonths or less, and bank 0rdraft$. Bank overdrafts are Shn within borrowing$ in current liabilitie$. Baslc financialSets Basic fin8nU81 assets, which include debtor$ and cash and bank balanGos. are initially measured at transaction price including transaction costs and are subsequently carried al 8moth.sed cosl using the effeclive interest method unless the arrangement consblutes a financing transaction, where th& transaction is measured al the wesenl value of Ihe future Teceipts dis¢ounl¥d at a market rate of intèrèst. FinancAal assets da$sifi8d as receivable thin onè year are not arnortised. Basic fin•n¢l•lHablllUes Bas financAal liabilitie5, inc4uding rJeditors and bank loans are inibally recognised 81 transadion price unless the arrangèmènt conslilules a financing transaction, where the debt instrument is measwed at the present value of the tUre payments discounted at a market rate of interest. Finanaal liabilitS dassified as payable within one year are not amortised. Debl instruments are $ubsequenlty carried at amortisad cost. using the effective inl&rest rale method. Trade creditors are obligations to pay for goods or strrvices that have been acquired in thè ordinary (£Jurse of operations from suppliers. Amounts payable are cla58ified as current liabilitiès rf payment Is due within one year or less. If not, they are PTesenled as non-currenl liabilities. Trade creditors ar& cognised initially at tr8nsaction wiGe and subsequenlty mèasurgd at amortised cost using effective interest Metd. Derecognltlon olfinartelal Ilabllities Finanty81 liabilities are dere¢xTrgni5ed when the Chari5 conlractU81 obllgations expire or #r$ discharged or can¢elle(J. Employee benefrt8 The c051 of any unused holiday entitlement is recognised in the period In whlch the employee's $eN¢ès are recebved. Termination beneffts a recognised immedi8lety as an exrnSe when the Charity is demonstrabty committed lo temiinate the employment of an èmployee or to providè tèmination benefrts,
HENDON ADATH LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 crfti¢al a¢¢ounling estima and ludg•ment8 In the appfication of the chari$ a¢oJunling pol, 1h8 truslge5 are requi lo make judgements, estimat*$ and assumptions about the Carrying amount of assets and liabilth'es that are not readi apparent Irom other sources. The estimates and associ818d assumptions we based on historical experience and othgr ladors that are eonsIded to be relevant. Adual rèsulls may differ from Ihe$e estimates. The estimates and underlying assumplions are rgwwed on 8n ongolng basis. Revisions to a¢¢OtIng gslimates are legniSed In the period in which Ihe estimate is revised wherg th8 revision affects only that period, or in the period of thè reM5ion and fulure periods where the revision affects bgth eurrenl and future periods. kncome from Invvtments Unr•stslet•d Unrestrict•d lunds fundg 2025 2024 Renlal inccffle 43,680 43.180 Expendlture on Charitabh activlti unrestrict Unrestrlctsd funds fund¥ 2025 2024 Dir9Ct co¥ts Donations to HendonAdath Yisroel Congregation CIO 67,000 Share of support and governon costs Isee not• 6) Support Govemance 3,985 1.244 4,519 3,032 48,229 74.551 Analy818 by fund Unfe51ri¢ted funds 48,229 74,551
HENDON ADATH LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Support costs SupportGovem4n¢• Total 2024 Costs ¢¢$ts SupportGovemgn¢e Total 2023 costs Insurance Manag8rnenl fees Property expenses Sundry 1,208 2,621 1,208 2,821 156 1,142 2,591 786 1.142 2,591 34 51 51 Independent examinalitsn fegs Legal and prtsfe$sion81 Bwk charges 1,200 1.200 1.8 1.170 11 1,800 1,170 11 10 10 3.985 1,244 5.229 4.519 3,032 7.551 Analysed be$¢n Charitat* adivities 3.985 1,244 5,229 4,519 3,032 7,551 Trusts•$ None of the trustees lor 8w persons connoded with them) recefved any rernuneralion or ben8ffts from the charty duwing Ihtr y&ar. Employee8 The tharity did not employ any staff during the year. Taxatlon The charitable fflpanY Ss exempt from COOration tsx as all ils income 1$ ¢harftable and is applied for ¢h¥itoble purposes. Investmont prop•rty 2025 Fair volu• Al 1 April 2024 and 31 March 2025 950.000 Thè fair valu8 of the in¥estm¢nt property has been arrived at on the basis of a valuation c8rrigd OLrt in the finanrial year 2018 by chartered sumyors, who are not connected with th$ chaiity. The valuation was made on an open market value basis by relenCe lo mathet evidence of Iramsadion prices for simiLgr propertie$ and the trustees (x)nffirm this 1$ the current farr value.
HENDON ADATH LIMITED NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 10 Cr•ditors: amovnts falllng due wlthln one year 2(12S 2024 Other c¥editors 150.100 150,100 11 Unr•strictsd funds The unrestn.cled funds ofthe charity comprise the unexpended balances of drjnations and grants which arg not subject lo spe¢ffi¢ conditions by donors and grantors as lo how they may be used. These indude dgsignaled funds which have been s8t aside out of unrestricted ftjnds by the Iruslees for specific purposes. At 1 April 2024 In¢omlng resource Resouvce8 At 31 March •Jp•nd•d 202S General funds 809,350 43,680 148,229) 804,801 Prwlou$ y•*r: At I ApTII 2023 Incomlny r•sources Rèsourees At 31 Mah expgnd•d 2024 General lunds 840,721 43.180 {74,551} 809.350 12 R•lat•d party hn•4¢11ons During the year the charity made a dorbalion of £43,000 12024: £67,000) to Hendon Adalh Yisr081 Congregation CIO. a connected ¢harity. 10-