**COMPANY REGISTRATION NUMBER: 11480156 CHARITY REGISTRATION NUMBER: 1185693**
## **Ohr Chaim Limited Company Limited by Guarantee Unaudited Financial Statements**
## **31 July 2023**
## **HAFFNER HOFF LTD**
Accountants 2nd Floor - Parkgates Bury New Road Prestwich Manchester M25 0TL
## **Ohr Chaim Limited**
## **Company Limited by Guarantee**
## **Financial Statements**
## **Year ended 31 July 2023**
||**Pages**|
|---|---|
|Trustees' annual report (incorporating the director's report)|**1 to 3**|
|Independent examiner's report to the trustees|**4**|
|Statement of financial activities (including income and||
|expenditure account)|**5**|
|Statement of financial position|**6**|
|Notes to the financial statements|**7 to 11**|
## **Ohr Chaim Limited**
## **Company Limited by Guarantee**
## **Trustees' Annual Report (Incorporating the Director's Report)**
## **Year ended 31 July 2023**
The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 July 2023.
## **Reference and administrative details**
**Registered charity name** Ohr Chaim Limited **Charity registration number** 1185693 **Company registration number** 11480156 **Principal office and registered** 2nd Floor - Parkgates Bury New Road **office** Bury New Road Prestwich Manchester M25 0TL
## **The trustees**
Dr M J Greenberg Y Greenberg C Kahn J Moskowitz G Wajchman **Independent examiner** Dov Schwarz 2nd Floor - Parkgates Bury New Road Prestwich Manchester M25 0TL
## **Structure, governance and management**
Ohr Chaim Limited is constituted by Memorandum and Articles of Association and is a company limited by guarantee. It was incorporated on 24 July 2018 as a company and the company number is 11480156. It was registered as a charity on 8 October 2019 with a charity number 1185693.
The Charity is run by the trustees who all act in an honorary capacity. A new trustee would receive copies of the previous years' Annual Report and Accounts and a copy of the Charity Commission leaflet 'The Essential Trustee : What you need to know'.
## **Risk Management**
The trustees have identified and reviewed the major risks to which the charity is exposed. Manual checks are regularly invoked, particularly those relating to the operations and finance of the charity. The trustees are satisfied that these systems and procedures mitigate any perceived risks.
**1**
## **Ohr Chaim Limited**
## **Company Limited by Guarantee**
## **Trustees' Annual Report (Incorporating the Director's Report)** _**(continued)**_
## **Year ended 31 July 2023**
## **Objectives and activities**
The objectives of the charity are;
To promote, advance and provide education, mainly but not exclusively, orthodox Jewish education anywhere in the world and to generally promote all activities in connection therewith; to promote and advance religion anywhere in the world, mainly but not exclusively, in accordance with the doctrines and principles of orthodox Judaism; to promote the relief of poverty, mainly but not exclusively amongst persons of the Jewish faith; to promote and protect the physical and mental health of sufferers of any medical conditions around the world through the provision of financial assistance, support and practical advice.
## **Public Benefit Policy**
We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities.
## **Grant Making Policy**
Grants are made to charitable institutions and organisations which accord with the objects of the charity.
## **Strategic report**
The following sections for achievements and performance and financial review form the strategic report of the charity.
## **Achievements and performance**
During the period under review, the charity distributed £48,500 to other charities in accordance with its objectives.
## **Financial review**
At 31 July 2023 the charity held free reserves of £539 (2022: £4,578)
## **Reserves Policy**
The Unrestricted Fund represents the unrestricted funds arising from past operating results.
The trustees are satisfied that the balance of the Fund is an acceptable level of reserves. It is the charity's policy to maintain cash reserves of approximately four to six months of its average annual grants, to enable the charity to continue making grants.
**2**
## **Ohr Chaim Limited**
## **Company Limited by Guarantee**
## **Trustees' Annual Report (Incorporating the Director's Report)** _**(continued)**_
## **Year ended 31 July 2023**
The trustees' annual report and the strategic report were approved on 13 May 2024 and signed on behalf of the board of trustees by:
Dr M J Greenberg Trustee
**3**
## **Ohr Chaim Limited**
## **Company Limited by Guarantee**
## **Independent Examiner's Report to the Trustees of Ohr Chaim Limited**
## **Year ended 31 July 2023**
I report to the trustees on my examination of the financial statements of Ohr Chaim Limited ('the charity') for the year ended 31 July 2023.
## **Responsibilities and basis of report**
As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act’).
Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the 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 matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
2. the financial statements do not accord with those records; or
3. the financial statements do not comply with the accounting requirements of section 396 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
4. the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
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.
Dov Schwarz Independent Examiner 2nd Floor - Parkgates Bury New Road Prestwich Manchester M25 0TL
13 May 2024
**4**
## **Ohr Chaim Limited**
## **Company Limited by Guarantee**
## **Statement of Financial Activities (including income and expenditure account)**
## **Year ended 31 July 2023**
|||**2023**||2022|
|---|---|---|---|---|
|||Unrestricted|||
|||funds**Total funds**||Total funds|
||**Note**|**£**|**£**|£|
|**Income and endowments**|||||
|Donations and legacies|**5**|45,000|45,000|186,000|
|||----------------------------|----------------------------|--------------------------------|
|**Total income**||45,000|45,000|186,000|
|||============================|============================|================================|
|**Expenditure**|||||
|Expenditure on charitable activities|**6,7**|49,039|49,039|181,359|
|||----------------------------|----------------------------|--------------------------------|
|**Total expenditure**||49,039|49,039|181,359|
|||============================|============================|================================|
|||----------------------------|----------------------------|--------------------------------|
|**Net (expenditure)/income and net movement in funds**||(4,039)|(4,039)|4,641|
|||============================|============================|================================|
|**Reconciliation of funds**|||||
|Total funds brought forward||4,578|4,578|(63)|
|||----------------------------|----------------------------|--------------------------------|
|**Total funds carried forward**||539|539|4,578|
|||============================|============================|================================|
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
**The notes on pages 7 to 11 form part of these financial statements.**
**5**
## **Ohr Chaim Limited**
## **Company Limited by Guarantee**
## **Statement of Financial Position**
## **31 July 2023**
|||**2023**|2022|
|---|---|---|---|
||**Note**|**£**|£|
|**Current assets**||||
|Cash at bank and in hand||1,019|5,028|
|**Creditors: amounts falling due within one year**|**13**|480|450|
|||-----------------------|-----------------------|
|**Net current assets**||539|4,578|
|||--------------|-----------------------|
|**Total assets less current liabilities**||539|4,578|
|||--------------|-----------------------|
|**Net assets**||539|4,578|
|||==============|=======================|
|**Funds of the charity**||||
|Unrestricted funds||539|4,578|
|||--------------|-----------------------|
|**Total charity funds**|**14**|539|4,578|
|||==============|=======================|
For the year ending 31 July 2023 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
These financial statements were approved by the board of trustees and authorised for issue on 13 May 2024, and are signed on behalf of the board by:
Dr M J Greenberg Trustee
**The notes on pages 7 to 11 form part of these financial statements.**
**6**
## **Ohr Chaim Limited**
## **Company Limited by Guarantee**
## **Notes to the Financial Statements**
## **Year ended 31 July 2023**
## **1. General information**
The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is 2nd Floor - Parkgates Bury New Road, Bury New Road, Prestwich, Manchester, M25 0TL.
## **2. Statement of compliance**
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Companies Act 2006.
## **3. Accounting policies**
## **Basis of preparation**
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
## **Going concern**
There are no material uncertainties about the charity's ability to continue.
## **Judgements and key sources of estimation uncertainty**
The preparation of the financial statements did not require management to make judgements, estimates or assumptions that affect the amounts reported at the year end.
## **Fund accounting**
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
**7**
## **Ohr Chaim Limited**
## **Company Limited by Guarantee**
## **Notes to the Financial Statements** _**(continued)**_
## **Year ended 31 July 2023**
## **3. Accounting policies** _**(continued)**_
## **Incoming resources**
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
- income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
- legacy income is recognised when receipt is probable and entitlement is established.
- income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
- income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
## **Resources expended**
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
- expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods.
- expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
- other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
**8**
## **Ohr Chaim Limited**
## **Company Limited by Guarantee**
## **Notes to the Financial Statements** _**(continued)**_
## **Year ended 31 July 2023**
## **3. Accounting policies** _**(continued)**_
## **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.
## **4. Limited by guarantee**
The charity is a company limited by guarantee and has no share capital. The liability of each member in the event of winding up is limited to £1.
## **5. Donations and legacies**
||Unrestricted|**Total Funds**|Unrestricted|Total Funds|
|---|---|---|---|---|
||Funds|**2023**|Funds|2022|
||£|**£**|£|£|
|**Donations**|||||
|Donations|45,000|45,000|186,000|186,000|
||============================|============================|================================|================================|
## **6. Expenditure on charitable activities by fund type**
||Unrestricted|**Total Funds**|Unrestricted|Total Funds|
|---|---|---|---|---|
||Funds|**2023**|Funds|2022|
||£|**£**|£|£|
|Charitable activities|48,500|48,500|180,810|180,810|
|Support costs|539|539|549|549|
||----------------------------|----------------------------|--------------------------------|--------------------------------|
||49,039|49,039|181,359|181,359|
||============================|============================|================================|================================|
## **7. Expenditure on charitable activities by activity type**
||Grant funding|Support|**Total funds**|Total fund|
|---|---|---|---|---|
||of activities|costs|**2023**|2022|
||£|£|**£**|£|
|Charitable activities|48,500|24|48,524|180,810|
|Governance costs|–|515|515|549|
||----------------------------|--------------|----------------------------|--------------------------------|
||48,500|539|49,039|181,359|
||============================|==============|============================|================================|
**9**
## **Ohr Chaim Limited**
## **Company Limited by Guarantee**
## **Notes to the Financial Statements** _**(continued)**_
## **Year ended 31 July 2023**
## **8. Analysis of support costs**
|||Analysis of|||
|---|---|---|---|---|
|||support costs|**Total 2023**|Total 2022|
|||£|**£**|£|
||General office|24|24|32|
||Governance costs|515|515|487|
|||--------------|--------------|--------------|
|||539|539|519|
|||==============|==============|==============|
|**9.**|**Analysis of grants**||||
||||**2023**|2022|
||||**£**|£|
||**Grants to institutions**||||
||British Friends of Kupat Hoir||12,000|–|
||British Friends Of Ohr Chaim||–|7,350|
||Friends Of Ganei Geula Jerusalem Ltd||1,500|–|
||Friends Of Sanz Institutions||–|61,830|
||Matono||–|1,080|
||The New Rachmistrivka Synagogue Trust||5,000|–|
||The Sanz Foundation||–|13,000|
||Tomchei Yotzei Anglia||–|5,000|
||Yeshivas Beis Dovid||30,000|91,800|
||Grants under £1,000||–|750|
||||----------------------------|--------------------------------|
||||48,500|180,810|
||||----------------------------|--------------------------------|
||Total grants||48,500|180,810|
||||============================|================================|
The above grants were made to institutions and went towards the following purposes; the relief of poverty, relief of those in need by reason of ill health or disability, the advancement of Jewish religion and the advancement of Jewish religious education.
## **10. Independent examination fees**
||**2023**|2022|
|---|---|---|
||**£**|£|
|Fees payable to the independent examiner for:|||
|Independent examination of the financial statements|480|450|
||==============|==============|
## **11. Staff costs**
The average head count of employees during the year was Nil (2022: Nil).
No employee received employee benefits of more than £60,000 during the year (2022: Nil).
**10**
## **Ohr Chaim Limited**
## **Company Limited by Guarantee**
## **Notes to the Financial Statements** _**(continued)**_
## **Year ended 31 July 2023**
## **12. Trustee remuneration and expenses**
No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.
## **13. Creditors: amounts falling due within one year**
**2023** 2022 **£** £ Accruals and deferred income 480 450 ============== ==============
## **14. Analysis of charitable funds**
## **Unrestricted funds**
|**Unrestricted funds**||||||
|---|---|---|---|---|---|
|||At|||**At**|
||1 August|22|Income|Expenditure|**31 July 2023**|
||£||£|£|£|
|General funds|4,578||45,000|(49,039)|
539|
||=======================||============================|============================|==============|
|||At|||At|
||1 August|21|Income|Expenditure|31 July 2022|
||£||£|£|£|
|General funds|(63)||186,000|(181,359)|
4,578|
||==============||================================|================================|=======================|
|**Analysis of net assets between funds**||||||
|||||Unrestricted|**Total Funds**|
|||||Funds|**2023**|
|||||£|**£**|
|Tangible fixed assets||||1,019|1,019|
|Creditors less than 1 year||||(480)|
(480)|
|||||-----------------------|-----------------------|
|**Net assets**||||539|539|
|||||=======================|=======================|
|||||Unrestricted|Total Funds|
|||||Funds|2022|
|||||£|£|
|Tangible fixed assets||||5,028|5,028|
|Current assets||||–|–|
|Creditors less than 1 year||||(450)|
(450)|
|||||-----------------------|-----------------------|
|**Net assets**||||4,578|4,578|
|||||=======================|=======================|
## **15. Analysis of net assets between funds**
## **16. Related parties**
Donations totalling £45,000 were received during the year from trustees and related parties.
**11**