2022-08-31-accounts - Chabad Of Hampstead Garden Suburb Limited

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Objec	tives and activities
		SORP
		reference
Summary ofthe purposes of the charity as set out in its		Para 1.17	The purpose ofthe charity is to provide weekly educational and communal social
overnin	document		events.
Summary activities purposes	ofthe main in relation to those for the public	Para 1.17 and 1.19	In addition to weekly religious services. The charity provides pastoral support to the wider local community as well as educational
benefit, in activities,	particular, the projects or services		events and lectures, community gatherings, meals and special events.
identified	in the accounts.
Statement	confirming	Para 1.18
whether the trustees have
had regard to the guidance
issued by	the Charity
Commission on ublic benefit

			The charity strives to support its local
			community, providing pastoral and spiritual
Summary ofthe main achievements ofthe charity,		Para 1.20	guidance. This is especially the case with members who are struggling with poor mental health. The Centre has seen an
identifying the difference the charity's work has made to the circumstances of its			increase in members over the past year who are brought together with regular educational sessions, children's entertainment classes or
beneficiaries	and any wider		religious services. All activities include a
benefits to society as a whole.			light snack or refreshment to enhance the
			feeling ofcommunity. The new partnership
			which will see the cafe re-open in the coming
			weeks will see this further enhanced and will
			offer community members an informal space
			to meet and work.

Financial review
Review ofthe charity's		Para 1.21	The	charity held	reserves	of8471,151	on 31
financial position at the end	of		August 2022
the eriod
Statement explaining the		Para 1.22
policy for holding reserves
stating why they are held
Amount of reserves held		Para 1.22	f471,151
Additional information	(optional)
You ma choose to include		further statements		where relevant about
			The	charity raises funds from the general
The charity's principal sources offunds (including any		Para 1.47	public, generally and digital direct		through fundraising appeal campaigns.		events
fun draising)

Structure, governance and	management
Description ofcharity's
trusts:
Type of governing document:	Para 1.25	Memorandum	and articles ofassociations.
for example, trust deed,
memorandum and articles of
association etc
How is the charity constituted?	Para 1.25	Limited Company share capital.		by Guarantee without
for example limited company,
unincorporated association,
CIO
Trustee selection methods	Para 1.25	In accordance	with the Governing			document,
including details ofany		new Trustees	will	be found,	they	would then
constitutional provisions e.g. election to post or name of		be discussed and approved by a majority of existing trustees at a trustee meeting.
any person or body entitled
to appoint one or more
trustees

Charity	name				CHABAD	OF HAMPSTEAD	GARDEN SUBURB	GARDEN SUBURB
					LIMITED
Other name the charit			uses		N/A
Re istered charit		number			1193647
Charity's	principal	address			39&1THE MARKET PLACE, FALLODEN WAY,
					LONDON,	NW11 6JT
Names	ofthe charit		trustees		who mana	ethe charii
						Dates acted	if	Name ofperson	(or
	Trustee	name		Office (ifany)		not for whole		body) entitled to
						ear		ap oint trustee	ifan
	Dr Harris			Chair
	Sidelsk
	David Sheinman			Treasurer
	Eli Itzin	er

					CHABAD	OF HAMPSTEAD	GARDEN	Charity	No	1193647	1193647
					SUBURB	L IMITED		Compan	No	12144636
					I
					Oz
					IDOC	Restricted
					Gl 29	Unrestricted	income	Endowment		Total this	Total last
					G	funds	funds	funds		year		year
										9		9
Fixed assets						F01	F02	F03		F04		F05
Tangible	assets		(Note 13)			596,814				596814		551	182
			Total fixed assets			596,814				596,814		551	182
Current	assets
Debtors			(Note 14)		B07	25,455				25455			303
Cash at bank and in hand				(Note 18)	B09	29,986				29,986		41,939
		Total		current assets	B10	55,441				55,441		42,242
Creditors: amounts		falling		due within
one year	(Note 15)				911	143,604				143,604	108,650
	Net current		assetsl(liabilities)		B12 " 88,163					88,163 -		66,408
Total assets		less	current liabi%ties		e15	508,651				508,651	464 774
Creditors: amounts		falling		due after one
year	(Note 15)				914	37,500				37,500		50,000
Provisions for liabilities					B15
Total net	assets or liabilities				e18	471,151				471,151	434774
Funds ofthe Charity
Restricted	income funds		(Note 22)		B18
Unrestricted funds					B19	471,151				471,151	434,774
Revaluation reserve
Fair value	reserve				921
				Total funds	s22	471,151				471,151	434774

(ii) the reasons why applying the new accounting policy provides more reliable and more relevant information; and	(ii) the reasons why applying the new accounting policy provides more reliable and more relevant information; and	(ii) the reasons why applying the new accounting policy provides more reliable and more relevant information; and		Not applicable
(iii) the amount ofthe adjustment foreach line affected in
the current period, each prior period presented and the
aggregate amount ofthe adjustment relating to periods
before those presented, 3.44FRS102SORP.				Not applicable
1.4 Changes to accounting estimates
No changes to accounting estimates have occurred in		the reporting		period (3.46 FRS102SORP).
Yes No *-Tick as appropriate
Please disclose:
(i) the nature of any changes;				Not applicable
(ii) the effect ofthe change onincome and expense or assets and liabilities forthe current period; and				Not applicable
(iii) where practicable, the effect ofthe change in	one or
more future periods.
				Not applicable
1.5 Material prior year errors
No material prior year error have been identled in the	reporting		period (3.47 FRS102SORP).
Yes* v
No -Tick as appropriate
Please disclose:
(i) the nature ofthe prior period error;				Not applicable
(ii) for each prior period presented in the accounts,		the
amount ofthe correction for each account line item
affected; and
				Not applicable
(iii) the amount ofthe correction at the beginning	ofthe
earliest prior period presented in the accounts.
				Not applicable

Note 2	Note 2				Accounting policies	Accounting policies
2 INCOME
Recognltlon				ofincome		These are included in the Stalement of Financial Activities (SoFA) when:
						the charity becomes entitled to the resources;
						it is mom likely Ihan nol that the trustees will receive the resources;			No'	N/a'
						the monetary value can be measured with sufflclenl reliability.
Offsetgng						There has been no offsetting ofassets and liabiliges, or income and expenses, unless required or permitted by Ihe FRS 102SORP orFRS102.		Yas' No' N/a' CZZ7
Grants	and		dansgons			Grants and donations are only included in the SoFA when the general income recognition criteria ara met (5.10lo 5.12FRS102SORP).		Yes'	No'	N/a'
						In the case of performance related grants, income must only be recognised to the extent that the charily has provided the specified goods or services as enggemenl lo the grant only occum when the performance related condgions are mel (5.16 FRS 102SORP). Legacies are included in Ihe SOFA when receipt is probable, thai is, when there has bean		Yes' No N/a' CCQ
Legacies						grant ofprobate. the executors have established that there are sufficient assets in the estate and sny condriions attached to Ihe legacy are either within the control of the charity		Yes'	No'	N/a'
						or have been met.
Government				grants		The charity has received government grants in the reporting period		Yas'	No'	N/a'
						Gilt Aid receivable is included in income when there is a valid declaration from Ihe donor.
Tax reclaims				on	donations	Any Gift Aid amount recovered on a donation ls considered lo be part of that gift and is		Yes*	No'	N/a'
and giff						treated as an addition lo the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise.		CZECH
Contractual			income and			This is only Included in Ihe SoFA once the charity has provided the related goods or senrlces or met the performance related condigons.		Yes'	No'	N/a'
performance				related grants
Donated		goods				Donated goods are measured at fair value (the amount for which Ihs asset could be exchanged) unless impractical to do so.
						The cast of any stock ofgoods donated for distributio to beneficiaries Is deemed to be the fair value ofIhose gifts at the time of Iheir receipt and they are recognised on receipt, ln		Yas	No'	N/a'
						Ihe reporting period in which Iha slacks are distribute, Ihey are recognised as an expense
						at the canylng amount of the stocks al distribution.
						Donated goods for resale are measured at fair value an initial recognition, which Is the
						expected proceeds fram sale less Ihe expected casts ofsale, and recognised in 'Income from other trading activities' with the corresponding stock recognised in the balance sheet. On its sale ths value of stock is charged against 'Income fram other trading activities' and the proceeds from sale are also recognised as 'Income fram other trading activigesl		lZI7
						Goods donated for onriioing use by the charily are recognised as tangible fixed assets and		Yes	No'	N/a'
						included in the SoFA as incoming resources when receivable.
						Gifts in kind for use by Ihe charity are included in Ihe SoFA as income from donations when		Yes	No'	N/a'
						receivable.
Donated facilities	services				and	Donated services and facilities are Included In Ihe SOFA when received at Ihe value afthe gift lo tha charity provided Ihe value of Ihe gift can ba measured reliably.		Yes No' N/s CDZ
						Donated services and facilities Ihal are consumed immediately are recognised as income		Yes'	No'	N/a'
						with an equivalent amount recognised as an expense under Iha appropriate heading in Ihe
						SOFA.
Supportcosts						The charity has Incurred expenditure on support costs.		Yes'	No'	N/s'
Volunteer		help				The value of any voluntary help received is nol included in Ihe accounts but is described the trustees' annual report.	in
Incams fram			Interest,			This is included in the accounts when receipt is pmbable and the amount receivable can	be
royalges		and	dividends			measured reliably.
Income from			membership			Membership subscriptlons received In the nature ofa gift are recognised ln Donations and		Yes	No'	N/a'
subscriptlens						Legacies.
						Membership subscriplions which gives a member the right to buy services orother benefits		Yes'	No'	N/a'
						ara recognised as Income earned fram the provision of goods and services as income from
						charitabl activities.
Setgement claims		ofinsurance				Insurance daims are only included in Ihe SoFA when Ihe general income recognition cnlerla are met (5.10to 5.12FRS102SORP) snd are induded as an Item ofother income In Ihe SoFA.		Yas' No' N/a CQZ
Investment		gains			and	This includes any realised or unrealised gains orlosses on the sale of investments and any		Yes'	No'	N/a'
losses						gain or loss resulting fram revaluing investmenls lo market value st Ihe end of the year.

2.1 EXP	2.1 EXP	ENDITURE	ENDITURE	ENDITURE	ENDITURE	AND LIABILITIES	AND LIABILITIES
Liability		recognition				Liabililies are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount ofthe obligation can		Yes*	No'	N/a'
						be measured with reasonable certainty.
Governance costs			and support			Support costs have been allocated between governance casts and other supporL Governance coals comprise all casts involving public accountability ofthe charity and its		Yes'	No'	N/a'
						compliance with regulation and good practice.
						Support costs include central functions and have been allocated ta activity cost categories
						on a basis consistent with the use of resources, eg allocating property costs by floor areas,		Yes*	No'	N/a'
						or per capita, staff costs by the time spent and other costs by their usage.
Grants with		performance				Where the charily gives a grant with conditions for its payment being a speciTic level of
conditions						service or output to be provided, such grants are only recognised in the SaFA once the		Yes'	No'	N/a'
						recipient ofthe grant has provided the specified service ar output.
Grants payable					without	Where there are no conditions attaching la the grant that enables the donor charity to
performance		aonditlons				realistically avoid the commitment, a liability for Ihe full funding obligation must be		Yes'	No'	N/a'
						recognised.
Redundancy		cost				The charity made na redundancy payments during the reporiing period.		Yes*	No*	N/a'
Deferred incame						Na material item ofdeferred income has been included in the accounts.		Yes*	No'	N/a'
Creditors						The charity has creditors which are measured at settlement amounts less any trade discounts		Yes*	No'	N/a'
Provisions		far	liabllides			A liability is measured on recognition at its historical cost and then subsequently measured at the best estimate ofthe amount required to settle the obligation at the reporting date		Yes*	No'	N/a'
Basic financial				instruments		The charity accounts forbasic financial instruments on initial recognition as per paragraph 10.7 FRS102SORP. Subsequent measurement is as per paragraphs 11.17to 11.19,		Yes*	No	N/a*
						FRS102SORP.
2.2ASSETS
Tangible fixed use by charity			assets for			These are capitalised ifthey can be used far more than ane year, and cost at least		F150
						They are valued al cost,		Yes	Na'	N/a'
						The depreciation rates and methods used are disclosed in note 1rL
Intangible	fixed			assets		The charity has Intangible fixed assets, that is, nonmonetary assets that do not have physical substance but are identTiiable and are controlled by the charity through custody	ar	Yes*	Na'	N/a'
						legal rights. The amortisatian rates and methods used are disclosed in note 15.
						They are valued at cost.		Yes*	No'	N/a'
Heritage assets						The charity has heritage assets, that is, nanmronetary assets with historic, artistic, scientific, technological, geophysical or environmental qualities that are held and maintained principally for their contribution to knowledge and culture. The depreciation rates and		Yes'	No'	N/a'
						methods used as disclosed in note 16.
								Yes*	No	N/a'
						They are valued at cost.
						Fixed asset investments In quoted shares, traded bonds and similar investments are valued
Investments						at initially at cost and subsequently at fair value (their market value) at the year end. The		Yes*	No*	N/a'
						same treatment is applied to unlisted investmenls unless fair value cannot be measured
						reliably in which case it is measured at cost less impairment.
						Investments held for resale or pending their sale and cash and cash equivalents with a		Yes*	No'	N/a'
						maturity date of less than 1 year are treated as current asset investments
Stocks and	work				In	Stocks held forsale as part of non-charitable trade are measured at the lower sr cost or net		Yes*	No'	N/a'
progress						realisable value.
						Goods or services provided as part ofa charitable activity are measured at net realisable		Yes*	No'	N/a'
						value based on the service potential provided by items of stock.
						Work in progress is valued at cost less any foreseeable loss that is likely to occur on the		Yes'	No'	N/a'
						contract.
						Debtors (including trade debtors and loans receivable) are measured on initial recognition	at
Debtors						settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash orether consideration expected to be		Yes*	No*	N/a'
						received.
Current asset Investments						The charity has investments which it holds for resale orpending their sale and cash and cash equivalents with a maturity date less than one year. These Include cash on deposit		Yes*	No'	N/a'
						and cash equivalents with a maturity oflass than one year held for investment purposes
						rather than to meet short-term cash commitments as they fall dus.
								Yes'	No	N/a*
						They are valued at fair value except where they qualify as basic financial instruments.

Note 5		Expenditure	Expenditure	Expenditure	Expenditure	Expenditure
										This	year				Last	year
														Restricted
								unrestricted	Restricted		Endowment		unrestricted	income		Endowment
Analysis								funds	income	funds	funds	Tctsi funds	funds	funds		funds	Total funds
Ex enditure on raisin		funds:
Incurred seeking donations
Incurred seeking legacies
Incurred seeking grants
Operating membership	schemes				and	social
lotteries
Staging fundraising events
Fundraising agents
Operating charity shops
Operating a trading company				undertaking			non-
charitable tradin activ
Advertising, marketing,	direct			mail	and publicity
								2847				2847	9465				9465
Start up costs incurred	in	generating				new source
offuture income
Database development	costs
Other trading activities
Investment management		costs:
Portfolio management costs
Cost af obtaining investment				advice
Investment administration		costs
Intellectual property licencing				casts
Rent collection, property	repairs and
maintenance charges
Total expenditure on raising funds								2,847				2847	9,465				9,465
Expenditure on charitable			activities:
Charitable Activities								300094				300094	134,388				134388
Total expenditure on charitable					activities			300,094				300,094	134,388				134388
Se arete material item	ofex ense
Administration Expenses								161,564				161564	60624				60,624
Total								161564				161564	60624				60,624
Other
Total other expenditure
TOTAL EXPENDITURE								454 505				484,505	204 477				204 477
Other information:
Analysis ofexpenditure		on		charitable			activities
									This		ear				Last	ear
Accvity or programme								Activities undertaken directly	Grant funding of activities		Support Costs	Total this year	Acdvitles undertaken directly	Grant funding of acdvitiss		Support Costs	Total last year
Activit 1								300094				300094	128941	5447			134388
Activit 2
Other
Total								300094				300094	128941	5447			134388

Please explain	the	nature ofeach extraordinaryitem	occuning in the period.
				This year	Last year
		Descri	tion		F
Extraordinary	item	1
Extraordinary	item	2
Extraordinary	item	3
Extraordinary	item	4
Total extraordinary		items

			Amount	Amount	received		Amount	Amount	aid out		Balance held at	Balance held at	cried	end
Description/name	ofparty	Related party
		(Yes or No)	This	ear	Last	ear	This	ear	Last	ear	This	ear	Last	ear

Balance held at	cried	end
This ear	Last	ear

Note 8		Support	Support	Costs
Please complete this		noteif the		charity	has analysed	its	expenses using		activity
categories and has support costs.
This year
			Raisin	funds	Activi	1	Activi	2	Activi	3	Grand total	Basis ofallocation
Support	cost
exam	les											Describe method
Total
Last year
Support exam	cost les		Raising funds		Activity	1	Activity F	2	Activity f	3	Grand total S	Basis ofallocation Describe method
Other
Total
Please provide	details	of	the accounting		policy adopted
for the apportionment		of	costs between		activities and
any estimation	techniques		used	to calculate their
apportionment.

						This year f	Last year K
Independent	examiner's	fees				1,200	770
Assurance	services other	than independent	examination
Tax advisory fees
Other fees	(forexample:	financial advice, consultancy,		accountancy	services) paid to the	9,421	2,887
independent	examiner

10.1 Staff Costs
			This year f	Last year f
Salaries and wages			74,340	17,012
Social security costs
Pension costs (defined contribution	scheme)
Other employee benefits
		Total staff costs	74,340	17,012
This year:
Please provide details ofexpenditure	on staff working	forthe charity
whose contracts are with and are paid by a related party
Last year:
Please provide details ofexpenditure	on staff working	for the charity
whose contracts are with and are paid by a related party

		This	ear	Last	ear
Amount ofcontributions recognised	in the SOFA as an expense
Please explain the basis for allocating	the liability and expense of
defined contribution pension scheme	between activities and between
restricted and unrestricted funds.

11.2 Please complete this section where the charity participates ascertain its share ofthe underlying assets and liabilities.	in adefined benefit pension plan butis unable to
Please confirm that although the scheme
is accounted for as a defined contribution
plan, it is a defined benefit plan.
Please provide such information as is
available about the plan's surplus or deficit
and the implications, if any, for the
reporting charity this year and last year, if
different

			Amounts falling due	Amounts falling due	within	Amounts	falling due after
			one year			more than	one year
			This year f	Last	year	This year	Last year F
Accruals	for grants payable
Bank loans and overdrafts			78,359			37,500	50,000
Trade creditors			37,416	106,157
Payments	received on account for contracts or
performance-related		grants
Accruals	and deferred	income	3,333
Taxation	and social security		10894		2,493
Other creditors			13,601
		Total	143,603	108,650		37,500	50,000

				Last	year
Please explain the reasons whyincome is
deferred.
Movementin deferredincome account				This year	Last year
Balance	at the start ofthe reporting	period
Amounts	added in current period
Amounts	released to income from	previous	periods
Balance	at the end ofthe reporting	period

		This year	Last year
16.1 Please provide information about the
significance offinancial instruments (eg.
debtors, creditors, investments etc) to the
charity's financial position or performance,	for
example, the terms and conditions ofloans	or
the use of hedging to manage financial risk.
16.2 Ifthe charity has provided financial assets
as a form ofsecurity, the carrying amount ofthe
financial assets pledged as security and the
terms and conitions related to its pledge should
be given here.

Note	17 Conting	17 Conting	ent liabilities	and contin	ge	nt assets
17.1	Contingent		liabilities
Where the		charity	has contingent	liabililities,		please complete the following section unless the possibility
oftheir existence			is remote.
This	year
Description of			item including	its legal nature.			Estimate offinancial effect
	Please	describe any security provided			in
		connection to the liability.
Last	ear
Description of			item including	its legal nature.			Estimate offinancial effect
	Please	describe any security		provided	in
		connection to the liability.

		This	ear	Last	ear
19.1 Please provide details ofthe charity's
exposure to credit risk (the risk ofincurring	a
loss due to a debtor not paying what is owed)
, liquidity risk (the risk ofnot being able to
meet short term financial demands) and
market risk (the risk that the value ofan
investment will fall due to changes in the
market) arising from financial instruments	to
which the charity is exposed at the end ofthe
reporting period and explain how the charity
manages those risks.
19.2 Please give details ofthe amount of
change in the fair value ofbasic gnanciat
instruments (debtors, creditors, investments
(see section 11,FRS 102 SORP)) measured	at
fair value through the SoFA that is attributable
to changes in credit risk.

		This	ear	Last	ear
Please provide details of	the nature ofthe
event
Provide an estimate ofthe financial effect of
the event or a statement	that such an
estimate cannot be made

24.1 Trustee remuneration	and benefits
This year
None ofthe trustees have been paid any remuneration or received any other benefits from an					employment			TRUE
with their charity ora related	entity (True or False)
In the period the charity has	paid trustees remuneration	and benefits.	Please give the amount		of, and legal authority			for, any
remuneration orother benefits paid to a trustee by the charity orany institution				orcompany connected		with it.
				Amounts	paid or benefit value
	Legal authority	(eg Remuneration		Pension	Redundancy		Other	TOTAL
Name oftrustee	order, governing document)			contribution	(including loss ofofBce)iex
					gratia
Please give details ofwhy remuneration orother employment
benefits were paid.
Where an exgratia payment	has been made to a trustee,
provide an explanation ofthe nature ofthe payment.
Ifa third party has been reimbursed forproviding one or		more
trustees, state the nature of	the payment and amount of	the
reimbursemenL
State the number oftrustees	to whom retirement benefits	are
accruing under a defined contribution pension scheme.