CHARITY REGISTRATION NUMBER: 1192435 Chasdei Sorele Unaudited Financial Statements 31 December 2024 BRINDLEY LD TEIN LIMITED Chartered accountants 103 High street Waltham Cross EN8 7AN Chasdei Sorele Financial Slatemenls Year ended 31 December 2024 Page Trustees, annual report Independent examiner's report to the trustees Statement of financial activities Statement of financial position Statement of cash flows Notes to the financial statements Chasdei Sorele Trustees. Annual Report Year ended 31 December 2024 The trustees present their report and the unaudited financial statements ol the charity for the year ended 31 December 2024. Reference and administrative details Reglstered ¢harlty name Chasdei Sorele Charlty reglstratlon number 1192435 Prlnclpal offlce Flat 10 125C Clapton Common London E5 9AB The trustees Mr A. M Shelton Mr S. Kemellield Mr B. Levy Independent examiner Charles Goldstèin FCA 103 High street Waltham Cross EN8 7AN Structure. governance and management The Charity is controlled by its governing document. a Charitable Incorporated Organisation registered on 19 November 2020. The trustees administer the day-loday allairs of the Charity. None ol the Trustees have any beneficial interest in the Charity. Objectives and activities The charity's objective is lo help individuals in need by way ol providing food packages andlor financial grants. A¢hlevements and performance During the year under review, the charity received donations amounting lo £982,25512023'. £798,595) and achieved a surplus ol income over expenditure amounting lo £36,12312023'. £5,0981- Financial review The financial results of the Charity's activities for the year are reflected in these linaneial statements. together with the notes Ihereon. The trustees are satisfied with the results lor the year. Chasdei Sorele Trustees. Annual Report (¢ontinuedJ Year ended 31 December 2024 The trustees, annual report was approved on 22 October 2025 and signed on behalf ol the board ol Iruslees by: Mr A. M. Shelton Trustee Chasdei Sorele Independent Examiner's Report lo the Trustees of Chasdei Sorele Year ended 31 December 2024 I report lo the Iruslees on my examination ol the financial statements ol Chasdei Sorele I'lhe charilll lor the year ended 31 December 2024. Responsibilities and basis of report As the Iruslees ol the charity you are responsible for the preparation of the financial slalemenls in accordance with the requirements ol the Charities Act 2011 I'the Act'l. I report in respect of my examination ol 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 14515llbl of the Act. Independent examlner's statement Since the charity s gross income exceeded £250,000 your examiner musl be a member ol a body listed in section 145 01 the 2011 Act. I confirm that l am qualified lo undertake the examination because l am a member ol the Institute ol Chartered Accounlanls in England and Wales IICAEWI, which is one ol the listed bodies. I have completed my examination. I confirm that no material matters have come to my allenlion in connection with the examination giving me cause lo believe that in any material respect= accounting records were not kept in respect ol the charity as required by section 130 01 the Act., or the financial statements do not accord with those re¢ords', or the financial statements do not comply with the applicable requirements concerning the form and content ol accounts set out in the Charities IAccounls and Reports) Regulations 2008 other than any requirement that the accounts give a Yrue and lair, view which is not a matter considered as part ol an independent examination. I have no concerns and have come across no other mallers in connection with the examination lo which attention should be drawn in this report in order to enable a proper Ljnderslanding ol the accounts lo be reached. Charles Goldstein FCA Independent Examiner 103 High street Wallham Cross EN8 7AN 22 O¢lober 2025 Chasdei Sorele Stalement of Financial Aclivilies Year ended 31 December 2024 2024 Unreslricled funds Total tunds Total funds 2023 Note Income and endowments Donations and legacies Total income 982,255 982,255 798,595 982,255 982,255 798,595 Expenditure Expenditure on charitable activities Total expenditure 946,132 946,132 793,497 946,132 946,132 793,497 Net income and net movement in funds 36,123 36,123 5,098 Reconclllatlon of funds Total funds brought forward Total funds carrled forward 180,3341 144,2111 180,3341 144,2111 185,4321 180,3341 The statement ol financial activities in¢ludes all gains and losses recognised in Ihe year. All income and expenditure derive from continuing a¢livilies. Th• notes on pagas 7 to 11 form part of thasè flnanclal statomènts. Chasdei Sorele Stalement of Financial Position 31 December 2024 2024 2023 Note Current assets Cash at bank and in hand 44,546 8,064 Creditors: amounts falling due within one year Net current liabilities 88,757 88,398 44,211 80,334 Total assets less curr8nt liabilities 144,2111 144,2111 180,3341 180,3341 Net liabilities Funds of the charlty Unreslricled funds 144,2111 144,2111 180,3341 180,3341 Total ¢harity funds 12 These financial statements were approved by the board ol trustees and authorised lor issue on 22 October 2025, and are signed on behalf of the board by.. Mr A. M. Shelton Trustee Th• notes on pagas 7 to 11 form part of thasè flnanclal statomènts. Chasdei Sorele Stalement of Cash Flows Year ended 31 December 2024 2024 2023 Cash Ilows from operating activities Nel income 36,123 5,098 Adjustments lor.. Interest payable and similar charges Accrued expenses 257 171 360 Changes in.. Trade and other creditors 359 1,201 Cash generated from operations 36,739 6,830 Interest paid Nel cash from operating activities 12571 36,482 11711 6,659 Net increase in cash and cash equivalents Cash and cash equivalents at beginning of year Cash and cash equivalents at end of year 36,482 8,064 6,659 1,405 44,546 8,064 Th• notes on pagas 7 to 11 form part of thasè flnanclal statomènts. Chasdei Sorele Notes to the Financial Statements Year ended 31 December 2024 General information The charity is a public benefit enlily and a registered charity in England and Wales and is unincorporated. The address ol the principal ollice is Flat 10, 125C Clapton Common, London. E5 9AB. Statement of Compliance These financial slalemenls have been prepared in compliance with FRS 102, The Financial Reporting Standard applicable in the UK and the Republic ol Ireland,, the Statement ol Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (Charities SORP IFFIS 10211 and the Charities Act 2011. Accountlng pollcles Basls of preparatlon 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 lair 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 lo continue. Judgements and key sources of estimation uncertainty There are no judgements and eslimales. Fund accounting Unreslricled funds are available lor use al the discretion ol the trustees lo further any of the charity's purposes. Designated funds are unreslricled tunds earmarked by the Iruslees lor particular future project or commitment. Restricted funds are subjected lo 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. Chasdei Sorele Notes to the Financial Statements (etsntinued) Year ended 31 December 2024 Accounting policies {COnllnued) Incoming resources All incoming resources are included in the statement ol financial activities when enlillemenl has passed lo the charity- il is probable that the economic benefits associated with the transaction will flow lo the charity and the amount can be reliably measured. The following specific policies are applied lo particular categories ol income: income from donations or grants is recognised when there is evidence of enlitlemenl lo the gift, receipt is probable and ils amount can be measured reliably. legacy income is recognised when receipt is probable and enlillemenl is established. income from donated goods is measured al the lair 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 eslimaled 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 ol general volunteers. income from contracts lor the supply ol services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement lor it lo be spent on a particular purpose and returned il unspent, in which case il may be regarded as reslricled. Resource$ expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be lully recovered, and is classified under headings ol the slalemenl of financial activities lo which it relates.. expenditure on raising funds includes the costs of all fundraising aclivilies, events, non- charitable trading activities, and the sale of donated goods. expenditure on charitable activities includes all cosls incurred by a charity in undertaking activities that further ils charitable aims for the benefit of its beneficiaries, including those support costs and costs relating lo the governance of the Charity apportioned to charitable activities. other expenditure includes all expenditure that is neither related to raising funds lor the charity nor part of ils expenditure on charitable aclivilies. All costs are allocated lo expenditure categories reflecting the Ljse ol the resource. Direct costs allributable lo a single activity are allocated directly lo that aclivily. Shared costs are apportioned between the activities they contribute lo on a reasonable, justifiable and consislenl basis. Financial instruments A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions ol the inslrumenl. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs. Chasdei Sorele Notes to the Financial Statements (etsntinued) Year ended 31 December 2024 Accounting policies {COnllnued) Financial instruments {¢t>ntlnued) Current assets and current liabilities are subsequently measured at the cash or other consideration expected lo be paid or received and not discounted. Debt instruments are subsequently measured al amortised cost. Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured al fair value with changes in lair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment. Other financial inslrumenls, including derivatives, are initially recognised al lair value, unless payment lor an asset is deferred beyond normal business terms or financed at a rale ol interest that is not a market rate, in which case the asset is measured al the present value ol the future payments discounted al a market rale ol interest lor a similar debi inslrumenl. Other financial instruments are subsequently measured at lair value, with any changes recognised in the statement of financial aclivilies, with the exception ol 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 ol 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 ol significance, and other finan¢ial assets Ihal are individually significant, these are assessed individually lor impairment. Other financial assels are either assessed individually or grouped on the basis ol similar credit risk chara¢leristi¢s. Any reversals ol impairment are recognised immediately, lo the extent that the reversal does not result in a carrying amount ol the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. Donations and legacies Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Donations Donations received 982,255 982,255 798,595 798,595 Expendlture on charltable actlvltles by fund type Unrestricted Total Funds Unrestricted Tolal Funds Funds 2024 Funds 2023 Grant charitable activities Support costs 905,930 40,202 905,930 40,202 780,169 13,328 780,169 13,328 946,132 946,132 793,497 793,497 Chasdei Sorele Notes to the Financial Statements (etsntinued) Year ended 31 December 2024 Expenditure on charitable activities by activity type Activities undertaken Grant funding directly ol activities Support costs Totsl funds 2024 Total fund 2023 Grant charitable activities Governance costs 334,790 571,140 905,930 40,202 780,169 13,328 40,202 334,790 571,140 40,202 946,132 793,497 Analysls of grants 2024 2023 Grants to Institutions Grants to organisalions 303,924 62,450 Grants to individuals Grants to individuals 267,216 324,423 Total grants 571,140 386,873 Independent examination lees 2024 2023 Fees payable to the independent examiner for.. Independent examination ol the financial statements 1,560 1,560 Staff costs The average head count of employees during the year was Nil12023'. Nill. No employee received employee benefits of more than £60,000 during the year12023.. Nill. 10. Trustee remuneratlon and expenses There were no Iruslees, remuneration or other benefits during the year ended 31 December 2024. There were no Iruslees. expenses paid lor during the year ended 31 De¢ember 2024. 11. Creditors: amounts falling due within one year 2024 2023 Trade creditors Accruals and deferred income Other creditors 1,560 1,580 85,637 1,201 1,560 85,637 88,757 88,398 10 Chasdei Sorele Notes to the Financial Statements (etsntinued) Year ended 31 December 2024 12. Analysis of charitsble funds Unrestricted funds Al 1 January 202 At 31 December 2024 Income Expenditure General funds 180,3341 982,255 1946,1321 144,2111 Al 1 January 202 Al 31 December 2023 Income Expenditure General funds 185,4321 798,595 1793,4971 180,3341 13. Analysis of net assets between funds Unrestricted Total Funds Funds 2024 Current assets Creditors less than 1 year Net liabilities 44,546 188,7571 144,2111 44,546 188,7571 144,2111 Unrestricted Total Funds Funds 2023 Current assets Creditors less than 1 year Net liabilities 8,064 188,3981 180,3341 8,064 188,3981 180,3341 14. Analys1$ of ¢hanges In net debt At Ai 1 Jan 2024 Cash flows 31 Dec 2024 Cash at bank and in hand 8,064 36,482 44,546 11