Charity r•gistratlon numbgr 1187431 HENDON ADATH YISROEL CONGREGATION (CIO) ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
HENDON ADATH YISROEL CONGREGATION (CIO) LEGAL AND ADMINISTRATIVE INFORMATION Tru$tee$ A M Jacobsth Honorary Treasurer R D Noimark- Vice President AA Guttenlag- Pr¢$idgnt B N RL)we- Honorary Secretary D Goldberg Dr M Klajman• Vice President O a8$ S S Zatt2man J Katz A Slim P Stimler J Rowe ChaTity number 1187431 Prin¢lpal addrnss 11 Brent St, Hen¢Jon London Unit8d Kingdom NW4 2EU Auditor Goldwin$ Limlied 75 Maygrove Road West Hampslead London 2EG Banker# Natwest PIC N#t$t PIC 6lh Floor Argyll House 246 Regant Street London United Kingdom W1B3PB
HENDON ADATH YISROEL CONGREGATION (CIOI CONTENTS Page Truslo¥$' report Statement of trustees, responsibilities Independent auditorfs roport Statement of fnanaol actwitlès Balance sheet statemènt of cash flows 10 Notes lo the financi81 slalemen18
HENDON ADATH YISROEL CONGREGATION (CIOI TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2025 The Trustees Present their report and financi81 st8tèmènts for the year ended 31 Marth 2025. The ffinancial statements have been prepared in accordance with AOuntIng and Reporting by Charili¢$." Statement of Recommended Practice applicable lo ¢hanties preparing Iheii account$ in accordance with thè Fin8naal Reporting Standard appli¢able in the UK artd RepUts¢ of Ireland (FRS102- effective 1 January 2015- {Charitses SORP FRS 1021. The finanaal slatemgnts have been prep¥ed in accordance with the accounting polie$ set oul in note 1 to Ihe financial stslemenls and comply with the ¢h8rty'$1goveming docJJmenll, the Chaiiti¢$ Act 2011 aThJ 'Accounling and Reporting by ch8rili8s.' Statement ol Recornmendgd Practice ap1¢#ble to eJ)aritses preparing their accounts in accordance with the Fin8ncial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102)" leffeclive 1 January 20191. Objectfves and actlviti The chariVs objects are the 8dvarttment of the orthctyaox Jewish faith. Advancing orthodox Jawish faith for the benefrt Lif the public in such ways a5 a exdu$ivaly charitable In English law & by rnainlaining & managing the Synagoguè known as Hendon Ad8th Yisroel Congregation located at 11 Brent street, London NW4 as a place of worship prayer & religiou8 sludy & by prowding for the religUS needs, spiritual edu¢alion, pastoral needs & Welfa of its members. The truste85 have paid du& regard lo the guidance i$suod by the Charity Commiss¢on In deading what actiwties the chanty should undertake. Achigvements and p•rfornMn¢• Promots'ng orthodox Jewish fatth and r81igiou5 activities. Prowding buildings, facilitw and open space lo tho Jwsh eommunty. Improving community welfare to 5UPPOrt th& wality of life of disxdvantag8d peoples such as thè po essentially from educab'on. social wèffare and humanitarian action. Flnanelal r•vSow The total inwme of the Charily in the year was £2,110.384 of which £1,679.861 was restricted and the maining balance £430.503 was unrestricted. Th¥ lolal 8xp&nditure for the year wa$ £858,348 OLrt of whS¢h the Charity spent £262.841 ¢)n restricted etharitae 8CtNities. The lunds carried fmard lo the following fina[al year are £2.437.270 restrided funds. These ld$ wlll be available for future ¢haritable purposes. On 26 Jun• 2025, Hendon Adath Yisroel CongTegation Mpleted a Joan facilty of £1.7m, wN¢h wll enable the completion of the refurbishment plan. Re$•1W polley It is the policy of the charity that unrestricted funds which have not been designated foi a spgcrfi¢ use should be maintained at a level equivalent lo between three and Six month's axpenditure. The trustèès consider that reseryès at this lev81 will ensure that, in thè event of a significant drop In fijnding, they will be able lo Continue the charity's ¢urrent activities Whi consideration is given lo ways in which additional lunds may be raised. This level of reseNes has been mainlain&d throughout the year. Risk managom•nt The Iru51ee$ have assessed the maiJr risks lo whKh the charity is exposed. ond are satisfied that 5ySt¥ms ar8 in place to mitigate expo$urè to the major ii5ks.
HENDON ADATH YISROEL CONGREGATION (CIO) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 D•ts prot•¢tlon l•gil#tlon The twstees have taken necessary actions in implemènting laws and regulallons regarding the GDPR arKJ d818 protection ad and wll Continue to wmpty with the Charity Commission regulations and Ihg law in this regard. Public ben•fit In funning the Chaiity, the trustees have ¢omplieé with their duty under Section 17 01 the Charities Ad 2011 to have regard to the public benefft guidance PLi)li5htsd by the Charity Commission. The aoliwlie$ Ihat the Charty has Carried out lo achieve this have been covered in dotsil earlier in this report. Stru¢tUrn> govwnance and management The Governing Document is a Constitution Assoa'ali¢n Modèl dated 16 January 2020 Charitobk Incorporated Organisation 'CIO'. Hendon Adalh Yisroel Congregation ha5 been re9islered by the Charity Commissktn as a CIO nce 17 January 2020. The charity started ts thorilgbl8 activities on 1 April 2020. TTUSlee8 are the people responsible for controlling the work. managem8nt and admlnislration of the chariiy on behalf of it8 benefidarigs. The tru$le8$ who served during the yeai and up to the date of Signale of the finanaal slatements were: AA Guttentag- President Dr M KlaJ'man- Vice President 8 N Rowe- Honorary Secretary R D Noimark- Vice President A M Jacobs- Honorary TreaSur D Segal D Goldberg JK8tr D Klass J Rowe A Stimler P Stimler S S Zallzm (Resigned 20 JU 2023) (Appointed 20 July 2023) None of the Iru*ees have any benefiaal interest in tha charity. The appointmènt of ihe Chaiity Trustees and the EKe¢utive at each AGM shall be detem)ined by way tsf see1 ballot cast by the membors of the CIO present al the meeting together wilh postal, email or proxy votès sent or lodgèd with the Secretary of the CIO in advance of the meets"ng, in accordance with such requkemenls as the then existing Board of Management shall r$quire. If either the Charity Truste#8 andlcAthe Executive are unopposod al any AGM and there is therefore Th) electK)n, the Charity Trustees andlor the Executi shall aLttomatically be reappointed and continue to serye for the following year, subio¢t lo the provisions of Clausè 16 of the Constitutson.
HENDON ADATH YISROEL CONGREGATION (CIO) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 The lees, report was approvod by thè Board of Truslaes. A M Jactsbs• Ho TN$ts• orary Treasurer 18 Juty 2025
HENDON ADATH YISROEL CONGREGATION {CIO) STATEMENT OF TRUSTEES. RESPONSIBILrriES FOR THE YEAR ENDED 31 MARCH 2025 The tnjstees are re3ponsible for preparing the TTU51ees' Report and Ihg ffinancial slalemenls in acrdanCe with applicablo law and United KirvJdorn A¢¢oLtnling Standards (Unld Kingdom Generally Accepted AcCunn9 Pra¢ttil. The law applicable to ¢haribe$ in England and Wales réquires the trustees lo prepare financial statements for financial year lch give 8 true and fair wew of the State of affairs of the tharity and of the iricorning rèsources and application of resources of the tharity lor that year. In preparlng these finanrial $talemenls, tho try188S arg requir8d lo.. - setht suitable accounltng poIk9s and then apply them consistonlty: - observe the method3 aThJ princlples in the Charities SORP., - fflake judgements and 8stwnales that ale reasonable Bnd pwdenl" stale whether applicablp a¢coun1ing standards have bèen followed, subject 1¢ any materl81 departures disclosed and explained in the finandal statements.. and prepa the fmanaal sLemeThts on the golng Concem basis unl&88 il is inappropriate to presume that tho ¢harity 11 continuè in op8rat*Jn. The trustees are responsble for keeping sufficient accountln9 rerS th disclose with rg¥$onablg accuracy al any Ilmg the firtancial position of thè charity and 8nable them lo ensure that the financial stalem•nt$ comply with the Charities Act 2011, the Charity IA¢¢ounts and Reports) Regulation8 2008 and the provisions of the trust doed. Thgy ale also spOnSible for safeguardbng th¢ assets of the charity and hencè for taking reasonable $lèps for the PTeVtrnt and d8t8Ction of traud and othèr Irregularities.
HENDON ADATH YISROEL CONGREGATION (CIO) INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF HENDON ADATH YISROEL CONGREGATION (CIO) Opinion have auditeil the financial statements of Hendon Adath Y15roel Congrogalion ICIOI (the 'charity? for the year ended 31 Mar¢h 2025 which comprise the 5talernenl of finanaal activitie5. the balance sheet, the $tatoment of cash flows and notes lo Ihg financial statemenis, including significant accounting policies. Thè financial reporting framework that has beèn applied in their prep¥alion is applicable law and United lfjngdom Accounting Standards, induding Finanual Reportlng Standard 102 The Financial Repothng Standard appliGable in the UK 8nd pU1)h¢ of Irgland {United Kingdom Generally AG¢epled Accounting Pra¢ti¢e). In our opinlon, the finoneial slatemenls= give a true and f[ view of the state of the ¢hwiVs affairs as al 31 Mah 2025 and of its incc¥ning resource$ and 4)pli¢ation of resources, for the year then ended". have been properly prepared in ac¢ordan¢• with United Kingdom Genèrally Accepted Ac¢ounting Practirx.. and hav8 been prepared in accordan¢e with the requirements of the CharttlesAct 2011. Basls for opinion We conducted our audit in accordance with Inlemational Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibillies under those standards are ftjrther desuibed in the Auditorfs sponsIbl11116S for the 8udil of the finan1 818tefftents sèction of our report. We a indepeThJent of the charity in 8c¢ordance with the ethical requirements th818re relèvant to our audit of the ffin8n¢ial statements in the UK, induthng the FRC'S Ethical Standard, and we have fulfilled our other ethical re5ponsibililiès in ardance with these requlremenls. Wg beli8ve that the audii evidence we have obtalned is sufficient and appTOPri81è to provtda a basis for our opinion. Conclusions r•l•tSng to going concern In 8uditing 1he financial staternent5, we hav8 conduded thal the truslo9s' use of th8 going ncern basis of accounting in the preparalion of the nanal stalgments is appropriate. Based on the work we have performed, we have not identifd any material uncertainties rolating lo events or condit¥)ns that. individualty or collectively, may ¢8St signrficant doubt on the charity's abllty to continue as a going concem for a period of at least Iwelve months from when th$ finanual statements are authorised for issue. Our responsibillies and thè rÈsponsibiliti8s of the Iruslees wrth respect to going concem are described in the relevant sections of this report. other infomMtlon The other infonration comprises the information included in the annual report other than the finanal stslements and our audf(ots report thereon. The trustees are responsible for the olhei inform8lion ¢ontained within the annual report. Our opinion on the finanaal statements does not ¢over the other information and we do not expre55 any fom of assurance ndsion th&r8on. Our responsibilrty is lo read the olher information and, in doing so. consider whethgr Ihe other information is materially inconsislent with the financial statements 01 our knowlèdge obtained in the course of the audit. 01 oth$ise appears to be materially misstated. If we iden1ify su¢h material inconsistencies or aFvarent material misstatements, we are requiied to del$miine whelher this gives rise to a material misstatement in the financial statements Ihtrmsolvès. If, based on the work we have performed. we conclude th* Ihere is mal8rial misstatement of this other Information, we are required to report that fact. We have nothing to report in this reBard. Matters on which w¢ ar• requlred lo rnport by exception We have nothing to raport in respect of the followin9 matters in relation lo which the Charibes (Accounts and Report51 Regulations 2008 require us to report lo you rf, in our opinion.. th& infomiation given in the finanaal ststements is inconsistent in any material respèct with the trusl88s' port,. or sufficient accounting records have not been kept.. or the financial stslements are not in agreement with the accounting Tecords- or we have not recaiv8d all the infomiation 8nd èxplanations we require for our audit.
HENDON ADATH YISROEL CONGREGATION (CIO) INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF HENDON ADATH YISROEL CONGREGATION {CIO) Rèsponsibiliti•s of trustee8 A$ explained more fully in the statoment of INslees' responwblities, the trustee3 are respty)sble for the weparalion of the ffinanaI staternent5 and for bging satisfied that they give a true and fair view. and for such intèrnal control as th¢ trustees determine is necessary to ¥nae the prep8r8tion of financaal statemenls that are fe from material MlSStat8ment, whether due to fraud or error. In preparing tho financial statements. the trustees 8Te responsible for assessing the charity's ability to ntinue as a going concem, disdosiiig, as applicable, matters related to going concern and using th& going concern basis of accounting unless the Iruslees either intend to cease operations, or have réallstlc allemalive bul to do so. Audltorfs rnspongibilitie for Ihe audit of th• financial ¥tatsm•nts W8 have been appointed as auilitor under section 144 of thè Charit$ Act 2011 report in accordance wilh the Act and relevanl regulation8 m8de or h3n9 effect thereunder. Our objectives arg to oblain reasonable assurance about whether the fmanraal staterngnts as a whole arg free from material misstslèmènl. whather due to fraud or error, and Io i55ue an audiiorf$ r8pct that indudes our opinion. Reasonable assuranctr is a hi9h level of assurance but is not a guarantee that an audit widucted in acrdanC• with ISAS IUKI will ahyays dete a material misstatement when it exists. Misslaloments Can arise from fraud or èrror and are consid8red mal&rial rf, indiwdually or in ihe aggregaté, they could reasonabty be axpected to influence th economic decisions ol users taken on the basis of these financial statements. Irregularrties, including fraud, are instances of nowompliance with laws and regulations. We design prctedur&s in line with our responsibilitiès. ouuined above. lo detect material misstatements in respect of irregularities, including fraud. The extent lo which our proeodures can delèct Irr$gulariti&s. induding fraud a s•t out below. In identifying and assesslng rlsks of material misstatement in iespect of irr8gularitios, including fraud and non- compllan¢e with laws and regulation$, our procAdur85 included th• following.. We enquired about management. which included obl8ining and r•viowing supporting o¢umentation, concerning Ihe charity's poliaes and procedures relating lo.. * identifying, evaluating. and complying wrfh laws and regulations and whether they were aware of any InStanS of nonwcompliance Delecling and responding lo the risks of fraud and whether they have knowledge of any adual, suspedeil. or alleged fraud Th8 intemal Ntrol$ established lo mitigate ri$k$ related lo fraud or non-¢omrAian¢e wilh laws and regul8lion8 We inspected th8 minules of meetings of those charged wjth govemance. We obtained an understanding of the leg81 and regulatory framework that Ihe charity operates in, focusing on those laws and regulations that had a mat8rial effect on the finawal slatements or that had a fvndamenlal effect on ihe operalions of the chanty from our professional and sector experience We revwed the financial statement disc105ure$ and lested these to supporting documentatn lo assess compliance with applicable laws and regulation8 We performed analybc81 piocedures to id8ntify any unusual or unexpected relats"on$hips that may indicate risks of rnalerial mi8slatÈment due to fraud In aildressing the risk of fraud through management Oveid¢ of ¢onlrols, we leslèd the appropiialeness of joumal entries and other adjustments, assessed whether the judgements made in making aecounts'ng estimate5 are indic81ive of a potential bias and 1&$19d significant transactions that are unusu81 or those outside the rrfxrnal Gourse ol business Because of the inherent limil8lions of an audit, there is 8 risk Ihal we will not delect aN irregularities, including thosè 19ading lo a material misslatemtrnl in th8 financial stslements or non-compliance wtth regulation. The risk is also greatèr regarding irregularities occurring due to fraud rather th8n error. as fraud involves intenlk*nal nCealrnent. forgery, ¢oJlusion. omission or rnisrepresentslion. A further description of our r8spon5ibiliti'e5 is available on the Finan¢ial Rèporting Council's website at.. http$'.11 www.frc.org.vkl8udrtorsrèsponsibilities. ThFS descrfplion fornis part of ow audilorfs rgport.
HENDON ADATH YISROEL CONGREGATION (CIO) INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF HENDON ADATH YISROEL CONGREGATION {CIO) Usg of our r•port This report is made solely to Ihe charity's Ir1151ee$. as a body. in accordance %lh part 4 of the Charities (Accounts and Report5) Regulations 2008. Our audit work has been undertaken so that we might stat8 lo the Chari$ Iru5tees those rnatters we a rèquired to state lo Ihem in an 8udilo¢s report and for no other purpose. To the fvI$t extenl P9rmitteé by law, we do not8Pt or assume re5pon5ibilty to anyone other than the cl)8rty and the dTrariV8 Iwstees as a body, for our audit work, for this report, or for the opinion$ we have formed. Goldwlns Llmlted 16 July 2025 Chartered Accountants Stslutory Auditor 75 Maygrove Road West Hampslaad London NW6 2EG Golih¥ins Limiled is eligible for appointment as auditor of the charity by wrtue of its eligibility for appointment as auditor of a company under section 1212 of the CompaniesAd 2006.
HENDON ADATH YISROEL CONGREGATION (CIO) STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unre$tri¢t•d R88tdcted funds fund¥ 2025 2025 Total Unrgstrict•d R•strfcted nd$ lund$ 2024 2024 Total 2025 2024 Not•9 Ineomo from: Donations and legacieB Charitable actMti&s Investments 76,467 1.470,269 1,548,736 353,733 209,592 563,325 303 303 95,420 375,141 162 373,336 204.010 468,756 579,151 162 Totsl In¢ome 430,$03 1.679,861 2,110,364 470,723 577,346 1,048.069 Expendrture on: Raising fvnds Charitable adiwli8s 28.966 366.541 28,966 629,382 30.818 376.762 30.818 628,770 262,841 252,008 Total •xp•nthtur• 395.507 262,841 658,348 407.5BO 252,008 659.588 N•t In¢om• 34,996 1,417,020 1,452,018 63,143 325.338 388,481 Transfers beten fvnds {34,9961 34.996 (207.9361 207.936 Not mov•ment In lund$ 1,452.016 1.452,016 {144.7931 533.274 388,481 Reconclllatlon of fundts: Fund balances 811 Ap 2024 985.204 985,204 144,793 451,930 596,723 Fund balances at 31 M•r¢h 2026 2.437.220 2,437.220 985,204 985.204 The statement of financi81 ad1v•S indude5 all gain5 arHJ10s8e$ re¢ognised in the year. AN income and expendrture derive from ¢ontinuin9 activities.
HENDON ADATH YISROEL CONGREGATION (CIO) BALANCE SHEET AS AT31 MARCH 2025 2026 2024 Notes Flx•d assets Tangibl8 ass•ls 12 3,104.186 1,229,219 Current auets Debtors Cash at bank and in hand 13 76.512 229,255 121.474 128,280 305,767 249,754 Crodltors: amounts falling dug wlthln on• y•8r 14 1972,733) 1493,7691 N•t current liabilities {666,986) 1244,015) Totsl as8ets le88 ¢uir¢nt Ilabllltl•s 2,437.220 985.204 Th• funds of the charity Restricted InMe funds 15 2,437.220 985,204 2.437.220 985,204 Thefi ncial statements were approved by the trustees on 18 Juty 2025 AMJ Trustee . Honorary Treasurer
HENDON ADATH YISROEL CONGREGATION ICIO) STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 202S 2024 Not88 Cash flows from 0ratIng activities Cash generated from operations 1.975.858 741,824 Invgstlng actlvlties Purchase of tangibttr fixed assets Investment income received 11.875.186) 303 1776.4121 162 Net eash us•d in investing *¢llvltl•$ {1.874,8831 1776,2501 Net Ga5h used in fin•nelng activities Not inereaselld•cr•a8•1 in ca$h and cash equiv•lents 100.975 134,4261 Cash and cash equivalents at beginning of year 128,280 162.706 Cuh and Cash •qulval•nts at end of ar 229.255 128.280 10-
HENDON ADATH YISROEL CONGREGATION (CIO) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 A¢¢ountlng pollci•s 1.1 Aeeountlng c•)nvention The financial slalemenl$ have been prepared in a¢¢ordance with Accounting and Reporting by Charities-. Siatemenl of Re¢ommèndad Practice applicable to ¢harities preparing their a¢xounls in accordance with the FinancAal Reporting Standard applicable in the UK and Republi¢ of Ireland {FRS 102 - effeCte l January 2015)- {Charilies SORP FRS 1021. 1.2 Golng ¢on¢•m The trustèes consider that there ars no merial uncertainties about Hndon Adath Yisroel Congreg81ion CIO'S ability to continua as a going concem. The trustees do not consbder that there are any sources of estimation uncertainty al the reporting date that have 8 significant risk of causing a rnolerial adjustment to the CaIng amounts of assets and liabilities within the next reporting p•riod. 1.3 Charltable funds Unrestricted funds gre available for use at the discretion of the trustees In fvrthgran¢e of their ch8ritab objectwes. Restricted fd$ are subFct lo spe(xfic conditions by donors or gr8nlors as lo how they may b? used. Thè purposes and uses of the restricted funds are sel out in th8 notes lo the ffinan¢ial statements. Endowment lunds ore su¥'eca to specrfK condi1Sons by donors that the Catal musl be maintained by thè charity. 1A Income Income is recognised when the ch8rity is legally entilkd lo il after any perfomiancg conditbjns have bpen mgt, the amounts can be nwsur8d reliabfy. and il is probabl• that incorne wll be rÈceived. Incomè from government and other grants, wh&ther'capilal' grants 01,¥?nUQ. grants. is recwni5ed when Iho chaiity has entstlemgnt lo the funds, any perforwnan¢8 conditions att8¢hed lo the grants have been mel. il 1$ probable th81 the incom8 wll be received and the amount can be rneasured reliably and is 1 deferred. Income received in 8dv8nce for the provision of specSfied Service is deferred until the cril&ria fcff income re¢ognilion are met. For legacies, entrtlement is taken as the earlier of the dale on which erther.. the Ghartty is awa¥e that probatè has been granled, the eslale has been finalised and notsfication has been made by the exeoJtor{sl lo the chaiity that a distribution will be made, or when a distribution is received frorn the eslale. Receipt of a legw, in whole or in part, is only consKlered probable when the amount can be measured reliabty And the charity has beèn notthed of the executor's intèntion to make a di8lribulion. there legacies have been notified to the ¢haity, or the charity is aware of the gr8nting of probate, and the criteri8 for income recogniti havtr not been mel, then the legacy is a Irealed as a conlingenl assel and disdosed if material. In(xme received In advanc8 of the provision ol a $p8cified servirE is defetred until the criteria for income recognition are met. Donated prof¢s$lonal services and donated fa¢iliti•s are recognised as inc¢m• when the chority h88 control over the item or re¢eived the service, any conditions aSslated wlh the donation have baen m8t, the relpt of economic beneffl from the use by the charity of the item is probable and that economic benefit can be measured reliably, In ac¢ordance with the Charities SORP {FRS 102}, volunteer time Is not recognised so refer to the trustees, arual report for more information about their Contribution. On rgceipt. donated grfts. professional seryices and donated farAlilies are recognised on the b8sls of the value ol the gift lo th8 charity which is the amount the charity would have bèèn willing to pay lo obtsin semces or facilrties of equivalent economic benefft on the open market., a corresponding amount is then reoxJgnis8d in eXpend[tU in the period of recEipt. 11
HENDON ADATH YISROEL CONGREGATION (CIO) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 A¢countlng pollcle8 IContlnu•dl 1A Exp•ndlturo Expenditure is recognised once there is a legal or constwdlve obligation to make 8 paymènl to a thiid party probable that setttement will be required and the amount of the obligation can be measured reliably. Expendili classified under the followlng actmty headings.. Costs of raIng funds comprise of trading ¢osls and the co$ls incurred by the charily in inducjng third parti make voluntary Gontributions to it, as well as the cost of any activthes with a fundraising purpose. Expenditure on charitable 8¢tivilie$ includes Ihe costs of delivering services undertaken lo further the purF of the chanty and their as50aatèd support costs. Other expendiluro represent$ Ihose items not lalling into any other heading. lThecoverable VAT Is char9ed as a $1 against thè actimty for which the expenditure was ineurred. 1.6 Tanglble flxed assets IlÈms of equipment are capilalised where thé purchase pri1 exceeds £SIY). Depreaation is provNJed at calculated lo write down the cost of eath a85911o its estimated residual value ov•r its expected useful lifa L*pwalKJn rates in use are as foifows.. Freehold land and buildings Fixtures and fittings 25% RB 1.7 Cash Ind cash oqulv418nts Cash and CAsh equivalents include cash in hand, deposits held at call walh banks, other short-terTn liquid inveslmenl$ with original malurilie5 of three rnonth$ or less, and b8nk overdrafts. Bank overdralts are shown within borrowings in currant liakn'lil'es. 1.8 Flnanclal Instruments The Charity has ele¢ted to apply the piow5ion$ of Se¢tion 11 'Basic Fin8rn¢ixI Instrumants. and Secti¢)n 12 'Othef Finanual Instruments Issues. of FRS 102 to 811 of ils financial instwments. Financial instruments aTe r&¢ogni$¢d in the ch¥riVs balance she&t when the charity becomes paty to the contractual provisions of th& instrument. Financial assets and liabilities arè offset, with the nel amolmls presented in the finanrAal st8lements. when there is a legally enlorceable right to sel off Ihe recognised amounts and there is an intention to settle on a n&t basis or to realis¥ thè asset and setue the liability $imLthanec4Jsty. 1.9 Employ benefits The wsl of any unused holiday eniitlemenl 1$ re¢cgnised in tho peiiod In whi¢h th8 amployee's serwce5 ar¥ receivèd. Tenninalion beneffts ?rg re¢ognised Immediate 8$ an expanse when the charity is demonstrabty commrtted to tem7inate the employment of an employee or to 1grmTrialion benefits. 12-
HENDON ADATH YISROEL CONGREGATION (CIO) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Critical accounting atimat•s and judgements In the appli¢alion of the chariiy'5 accounting policies, the trustees are Tequired to make judgemen15, estimalos and assumptions about the carrying amount of 8S8et$ and liabilities that are not readily apparent from other SOU$. The estimates and a$so¢ialed assumptions are based on historical experience and 01her factors Ihat are considered to be reltrvant. Aclual results may differ from thes8 esb'male8. The estwa1S and undertying assurytions are reviewed on an ongoing basis. Revisions lo a¢¢ounltng eslimales are recognised in the per)d in which the estirnale is revisgd wher¢ the revision affeGts onty that period, 01 in the period of the rewsion and lulure periods where the rÈMsion affeds t¥Jth current and future periods. In¢om• from donations and lep¢io• Unr•strict•d Re¥tri¢trd fundB funds 2026 2025 Total Unrestri¢t•d R•stricted funds funds 2024 2024 Totsl 2025 2024 D*tn$ and gffts 76,467 1.470.269 1,546,736 95.420 373,336 468.756 l)onatloTr¥ and gifts DonatN)ns and yift$ Grft"d ie¢overed 66,061 10.4C 1.470.269 1.536,330 10,4C6 85,408 10.012 373,336 458,744 10,012 78.487 1,470,289 1,548,736 95,420 373,336 468.756 13-
HENDON ADATH YISROEL CONGREGATION (CIO) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Income from charitable activitie# UnrÈstrlctsd R•gbicted Total fund$ Unr¢strlcted Restricted Totsl fund$ fufftd$ funds funds funds 2026 2025 2024 2024 2fj25 2024 Membership Seals Offerings and Magazi Yahrzeit lights and OmudlD8f Yomi Sponsorship ddings, ftsnctions
nd hire of hall
Jioot trip Burial Society Kol Nidrei Appeal Bi-Annu81 Appeal Welfare ROY Appeal Security dtsnalion Kollel Erev 138.301 59.042 138.301 69,042 131.987 72,173 131,987 72.173 128,528 128.528 127.405 127.405 10.317 10,317 10.387 10,387 7.545 7,545 31,750 1,439 31.750 1,439 32,040 15,841 29,132 7,038 72,469 22,411 25,079 29,314 13,496 55,144 9,481 65,2L17 24,021 12.929 29.314 13,496 55,144 9,481 65.207 24,021 12,929 32,040 15,841 29,132 7.038 72,469 22,411 25,079 353,733 209,592 563,325 375,141 204,010 579,151 Income from investments unr•stsIct Unrestrictod funds funds 2025 2024 Interest reravable 303 162 Exp•nditurn on r•islng lund8 Unrestricted Unr•strfct•d funds fund¥J 2026 2024 FuThlrni$ing and publlclty Stsff costs Supp¢)rt oo$ls 13.543 15,423 13.552 17,266 28, 30.818 14-
HENDON ADATH YISROEL CONGREGATION (CIO) NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 EXPendir$ on charltable activitit$ 202S 2024 Dlrn¢t ¢o$ts Stsff wsls Grants and donations Bal Society Synagogue exwnses and services Kollel Erev Kiddu$h expenses Security guards 135,434 164.343 28,224 20.087 47.371 47,108 32,587 135.523 148,817 27,236 7.569 56,684 55.824 24,453 475,154 458.1r Share of 8UPPOrt aNI govèrnance costs (see nots 81 Support 154,228 172,664 629,382 628,TlO Analysls by fund Vnrestricled funds Restricted funds 366,541 262,841 376,762 252,thJ8 629,382 628.770 Support Costs allocated to actlvlil•8 2025 2024 Stsff ¢o$ls Depreciation Telephone and office exp$n$es Rates InstJranc& Repairs and maintenance Bad debt Light 8nd he81 IT expenses Bank, credit card and paypal charges Printing postage and stationery Audtt fees 87.717 219 5,630 4.480 7,874 16.584 3,289 14.694 67.761 292 6,558 4,187 7.842 25.650 2.398 20.060 6.498 3.147 39.537 6.000 3.238 32,860 169,651 189.930 An•tysed b•iwo•n: Fundraislng charitab activfties 15,423 154,228 17,286 172,eA4 169,651 189,930 1s-
HENDON ADATH YISROEL CONGREGATION (CIO) NOTES TO THE FINANCIAL STATEMEKfs (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 N•t movemenl In funds 2025 2024 The nel movemant in funds is slated after charging1{crgditing).- Deprecia11¢ of ¢)wned tangible fixed assets Audit foes 219 5,000 292 5.000 10 Employ••s The average monthty numbe¥ of gmploy¢o$ during the yearwos.. 202S Number 2024 NuMr Fundraising Chaiitsble adOvAles Support Total Employmont ¢osts 2025 2024 Wages and salariès 216,694 216.836 The ITuslees ware not paid or received any other bgngffts ftom employment wilh thè CIO in the year. Neither were they reimbursed expenses during the year. No trustees receNed payment for professional or other service$ supplied lo the charity. The were no arnployees vthose amual remw)eration was more than £60,000. Remunoration of key manag•m•nt p•rsonnel The remuneration of key management personnel was as follows.. The total #mployee benefits including pension and national insurance oJntribulK)ns of Ihe key management personnel wgrg £124,664 (2024.. £139,375). 11 Taxation The charity 1$ exernpt from taxallon on its activib8s b8cause all ts income is appl lor charitable purposes. 16-
HENDON ADATH YISROEL CONGREGATION (CIO) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 12 Tanglblg fixèd assots Freehold FlxtUrn8 ar and bullding• fittknga Totsl Cost At 1 April 2024 Additions 1.228,342 1,875,186 20.487 1,248,829 1,875.186 Al 31 March 2025 3,103,528 20.487 3,124.015 Dopre¢latSon and Imp•lmi•nt At 1 ApTiI 2024 Deprg¢iation charged in the year 19.610 219 19.610 219 At 31 March 25 19,829 19,829 Carrying •munt Al 31 Mar¢h 2025 3.103.528 858 3.104,186 At 31 March 2024 1,228,342 877 1,229,219 13 Debtors 2025 2024 Amounls f•llln9 due within one y••r: Olher debtors 76.512 121,474 14 Credilorn: amounts falling due within onè ar 2025 2024 Othertaxalion and swal Srity Other ciedilor5 A¢¢ruals and deferred income 4,049 382,218 107,502 862,745 109,988 972,733 493,769 Creditors and prow5ions a cOgnised where the charity has a present obligation resulting from a past event that will probably 511 in the transfer of funds to a third party and the amount due to settle the obligation cart bo measured or estimated reliably. Cr9ditors and provisrons are normalty recognised at their tt1aMent amount after allowing for any trade discounts du8. 17-
HENDON ADATH YISROEL CONGREGATION (CIO) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 15 Restricted fvnds The restricted funds of the chariiy compris8 the unexpended balancès of donatn$ and grants held on tnjst subject to spacfft conditions by donors as to how they may be used. At 1 Aprfl 2024 Incoming rnsoureo$ Resources expended Tr•nsfers At 31 March 2025 Builithng Fund Burial Sociely Kol Nidrei Appeal Bi-AnnLtal Appèal Rov Appe81 Welfare Kollel Erev Se¢urity dtsnation 916.278 6.663 62,263 1.470,269 29,314 13.496 55,144 65,207 9,481 12.929 24,021 40,944 2.427,491 7,753 128,224) (75,7591 26,563 240 (81,707} (65,447) (7,505) 147,3711 132,58n 1.978 34,442 985.204 1,679,861 1262,8411 2.437.220 Prnvktru$ yoar.. At 1 Aprfl 2023 Incoming rnsDurces Resou0• expended Transf•rg At 31 M&reh 2024 Building Fund Burial SOcty 1<01 Nidrei Appeal Bi-Annu81 Appeal RovAppe81 Welfare I(011 Erev Security donal*)n 389,367 1,859 46.422 373,336 32,040 1S,841 29.132 72.469 7,038 25,079 22,411 153.575 916,278 6,663 62,263 {27,236) (59,100} 172,704} 116,530) 151,9851 124,4531 29,968 235 9,492 12,624 2.042 14,282 451,930 577,348 252,008 207.936 985,204 18-
HENDON ADATH YISROEL CONGREGATION (CIO) NOTES TO THE FINANCIAL STATEMENTS (corINUED) FOR THE YEAR ENDED 31 MARCH 2025 15 Restricted fundg IContinu•dl 1. Burial Society- For those members who arè mèmbèrs of the Adalh Yisroel Burial society we collect their fees on b9half of AYBS and Ihtrn pay them over toAYBS. 2. Kol Nidrei Appeal monres raised on Kol NhJrei nSghl whlch this year wont solely for supporting the newly founded Kollel EV in the Shul. 3. BannUal appeal - lo raise funds for local people in the communNy lo help wllh the cost of Pesach & Rosh Hashonoh. This year contained two Pesa¢h$. 4. W¢lfare- ftjnds donated by memb8rs during Ihe to help poorfamilies in the ¢ommunrty. 5. Rov Appeal- fvnds donalefj by members lo be distributed al the discretion ofthè Rov. 6. Kollel Erev- newly founded Kollel tsktng p18ce in the Shul each evèning. 7. Se¢urity donation funds Collected from members together with grants from CSTI the govemment to help towards the security costs iU1red by thè Shul. 16 R•latsd party transactions Duiiig the year the charty re1Ve donatlon of £43,000 P024.. £67,000) from Hendon Adalh Limited, )nnected company. 17 Posl Bal•nc• Shggt Ev•Trt On 26 June 2025, Hendon Adath Yi5roel Congregation completed 8 klan fatyllty of £1.7m, which 11 enable the completion of the refurbishment plan. 18 Cash generatod from owratlon$ 2025 2024 Surplus for the year 1.452.016 388.481 Adjuslmenls for Investment incomo recognisgd in 8lalefflefrt of finan(aal activibes Depie(¥alion and impairrnent of tangible fixed assets 13031 219 {1621 292 Movements in working capital.. Decreasellincreasel in debtors In¢rÈ8se in ¢reth"lor$ 44.982 478,964 {6,904) 3fj0,117 Cash g•n•rdted from op•rnlk)n$ 1,975,858 741,824 19-