2023-12-31-accounts

CHARITY REGISTRATION NUMBER: 1192044

CHABAD LUBAVITCH BRIGHTON Unaudited Financial Statements 31 December 2023

GK & CO. LLP

Chartered accountants Hallswelle House 1 Hallswelle Road

London England NW11 0DH

CHABAD LUBAVITCH BRIGHTON

Financial Statements

Year ended 31 December 2023

	Page
Trustees' annual report	1
Independent examiner's report to the trustees	3
Statement of financial activities	4
Statement of financial position	5
Notes to the financial statements	6

CHABAD LUBAVITCH BRIGHTON

Trustees' Annual Report

Year ended 31 December 2023

The trustees present their report and the unaudited financial statements of the charity for the year ended 31 December 2023.

Reference and administrative details

Registered charity name CHABAD LUBAVITCH BRIGHTON Charity registration number 1192044 Principal office 15 Upper Drive Hove BN3 6GR England

The trustees

Mr E Y Suftin Mr D A Wilks Mr A K Fehler Independent examiner GK & Co. LLP Hallswelle House 1 Hallswelle Road London England NW11 0DH

Structure, governance and management

Chabad Lubavitch Brighton CIO was established on 28 October 2020. The objects of the Charity are the advancement of the Orthodox Jewish faith in accordance with the principles and teachings of Chabad in such ways as are exclusively charitable in English Law and in particular but not exclusively by providing Jewish people living in East and West Sussex.

Objectives and activities

The objects of the Charity are the advancement of the Orthodox Jewish faith in accordance with the principles and teachings of Chabad in such ways as are exclusively charitable in English Law and in particular but not exclusively by providing Jewish people living in East and West Sussex.

Achievements and performance

In the period to 31 December 2023, the Charity received £67,612 in charitable income and spent £54,640 in charitable expenditure.

As at 31 December 2023, the unrestricted reserves of the Charity were £31,399.

Financial review

As at 31 December 2023, the Charity had unrestricted reserves of £31,399 for which the Charity believes is sufficient to continue running its day to day activity.

1

CHABAD LUBAVITCH BRIGHTON

Trustees' Annual Report (continued)

Year ended 31 December 2023

The trustees' annual report was approved on 31 July 2024 and signed on behalf of the board of trustees by:

Mr D A Wilks Mr A K Fehler Trustee Trustee

2

CHABAD LUBAVITCH BRIGHTON

Independent Examiner's Report to the Trustees of CHABAD LUBAVITCH BRIGHTON

Year ended 31 December 2023

I report to the trustees on my examination of the financial statements of CHABAD LUBAVITCH BRIGHTON ('the charity') for the year ended 31 December 2023.

Responsibilities and basis of report

As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or

2. the financial statements do not accord with those records; or

3. the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.

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.

GK & Co. LLP Independent Examiner

Hallswelle House 1 Hallswelle Road London England NW11 0DH

3

CHABAD LUBAVITCH BRIGHTON

Statement of Financial Activities

Year ended 31 December 2023

		2023	2023	2022
		Unrestricted
		funds	Total funds	Total funds
	Note	£	£	£
Income and endowments
Donations	4	67,612	67,612	77,234
		ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ
Total income		67,612	67,612	77,234
		৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶
Expenditure
Expenditure on charitable activities	5,6	54,640	54,640	60,674
		ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ
Total expenditure		54,640	54,640	60,674
		৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶
		ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ
Net income and net movement in funds		12,972	12,972	16,560
		৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶
Reconciliation of funds
Total funds brought forward		18,427	18,427	1,867
		ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ
Total funds carried forward		31,399	31,399	18,427
		৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶

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 6 to 11 form part of these financial statements.

4

CHABAD LUBAVITCH BRIGHTON

Statement of Financial Position

31 December 2023

		2023	2022
	Note	£	£
Current assets
Debtors	10	350	1,000
Cash at bank and in hand		32,129	20,726
		ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ
		32,479	21,726
Creditors: amounts falling due within one year	11	1,080	3,299
		ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ
Net current assets		31,399	18,427
		ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ
Total assets less current liabilities		31,399	18,427
		ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ
Net assets		31,399	18,427
		৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶
Funds of the charity
Unrestricted funds		31,399	18,427
		ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ
Total charity funds	13	31,399 ৶৶৶৶৶৶৶৶	18,427 ৶৶৶৶৶৶৶৶

These financial statements were approved by the board of trustees and authorised for issue on 31 July 2024, and are signed on behalf of the board by:

Mr D A Wilks Trustee

Mr A K Fehler Trustee

The notes on pages 6 to 11 form part of these financial statements.

5

CHABAD LUBAVITCH BRIGHTON

Notes to the Financial Statements

Year ended 31 December 2023

1. General information

The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is 15 The Upper Drive, Hove, BN3 6GR, England.

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 Charities Act 2011.

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.

Disclosure exemptions

The entity satisfies the criteria of being a qualifying entity as defined in FRS 102.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

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.

6

CHABAD LUBAVITCH BRIGHTON

Notes to the Financial Statements (continued)

Year ended 31 December 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, noncharitable 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.

Financial instruments

A financial asset or a financial liability is recognised only when the charity 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.

7

CHABAD LUBAVITCH BRIGHTON

Notes to the Financial Statements (continued)

Year ended 31 December 2023

3. Accounting policies (continued)

Financial instruments (continued)

Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.

Debt instruments are subsequently measured at amortised cost.

Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment.

Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises.

4. Donations

	Unrestricted	Total Funds	Unrestricted	Total Funds
	Funds	2023	Funds	2022
	£	£	£	£
Donations
Donations	67,612	67,612	72,734	72,734

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CHABAD LUBAVITCH BRIGHTON

Notes to the Financial Statements (continued)

Year ended 31 December 2023

4. Donations (continued)

		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2023	Funds	2022
		£	£	£	£
	Grants
	Grants receivable	–	–	4,500	4,500
		ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ
		67,612	67,612	77,234	77,234
		৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶
5.	Expenditure on charitable activities by fund type
		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2023	Funds	2022
		£	£	£	£
	Charitable Expenditure	53,344	53,344	59,594	59,594
	Support costs	1,296	1,296	1,080	1,080
		ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ
		54,640	54,640	60,674	60,674
		৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶

6. Expenditure on charitable activities by activity type

	Activities
	undertaken		Total funds	Total fund
	directly Support costs		2023	2022
	£	£	£	£
Charitable Expenditure	53,344	–	53,344	59,594
Governance costs	–	1,296	1,296	1,080
	ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ
	53,344	1,296	54,640	60,674
	৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶

7. Independent examination fees

	2023	2022
	£	£
Fees payable to the independent examiner for:
Independent examination of the financial statements	1,080 ৶৶৶৶৶৶৶	1,080 ৶৶৶৶৶৶৶

8. Staff costs

The total staff costs and employee benefits for the reporting period are analysed as follows:

	2023	2022
	£	£
Wages and salaries	41,127	41,615
Social security costs	(2,426)	4,649
Employer contributions to pension plans	1,046	1,061
Other employee benefits	–	720
	ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ
	39,747	48,045
	৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶

The average head count of employees during the year was Nil (2022: 1).

No employee received employee benefits of more than £60,000 during the year (2022: Nil).

9

CHABAD LUBAVITCH BRIGHTON

Notes to the Financial Statements (continued)

Year ended 31 December 2023

9. Trustee remuneration and expenses

No remuneration or other benefits from employment with the charity or a related entity were received by the trustees

10. Debtors

		2023	2022
		£	£
	Trade debtors	–	1,000
	Other debtors	350	–
		ৄৄৄৄ	ৄৄৄৄৄৄৄ
		350	1,000
		৶৶৶৶	৶৶৶৶৶৶৶
11.	Creditors: amounts falling due within one year
		2023	2022
		£	£
	Accruals and deferred income	1,080	2,160
	Social security and other taxes	–	1,160
	Other creditors	–	(21)
		ৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄ
		1,080	3,299
		৶৶৶৶৶৶৶	৶৶৶৶৶৶৶

12. Pensions and other post retirement benefits

Defined contribution plans

The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £1,046 (2022: £1,061).

13. Analysis of charitable funds

Unrestricted funds

Unrestricted funds
		At			At
	1	January 202		31	December
		3	Income	Expenditure	2023
		£	£	£	£
General funds		18,427	67,612	(54,640)	31,399
		৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶
		At			At
	1	January 202		31	December
		2	Income	Expenditure	2022
		£	£	£	£
General funds		1,867 ৶৶৶৶৶৶৶	77,234 ৶৶৶৶৶৶৶৶	(60,674) ৶৶৶৶৶৶৶৶	18,427 ৶৶৶৶৶৶৶৶

10

CHABAD LUBAVITCH BRIGHTON

Notes to the Financial Statements (continued)

Year ended 31 December 2023

14. Analysis of net assets between funds

	Unrestricted	Total Funds
	Funds	2023
	£	£
Current assets	32,129	32,129
Creditors less than 1 year	(730)	(730)
	ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ
Net assets	31,399	31,399
	৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶
	Unrestricted	Total Funds
	Funds	2022
	£	£
Current assets	21,726	21,726
Creditors less than 1 year	(3,299)	(3,299)
	ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ
Net assets	18,427	18,427
	৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶

11