REGISTERED CHARITY NUMBER: 1195022
Report of the Trustees and
Unaudited Financial Statements FOR THE YEAR ENDED 31 December 2023
for
ETZ CHAIM SHUL
Melinek Fine LLP Chartered Accountants First Floor, Winston House 349 Regents Park Road London N3 1DH
ETZ CHAIM SHUL
Contents of the Financial Statements FOR THE YEAR ENDED 31 DECEMBER 2023
| Page | |
|---|---|
| Report of the Trustees | 1 to 2 |
| Independent Examiner's Report | 3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 |
| Notes to the Financial Statements | 6 to 7 |
ETZ CHAIM SHUL
Report of the Trustees FOR THE YEAR ENDED 31 DECEMBER 2023
The trustees present their report with the financial statements of the charity for the year ended 31 December 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: 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) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Public benefit
The Trustees confirm they have referred to the guidelines contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning future activities and setting the grant making policies for the year.
The objects of the charity are to promote religious worship in accordance with the Jewish faith, to promote the study of the Jewish religion and the advancement of the Jewish faith, and the advancement of such other charitable purposes as the directors may from time to time determine.
FINANCIAL REVIEW
Reserves policy
It is the policy of the charity to maintain unrestricted funds, which are the free reserves of the charity, at a level which the trustees think appropriate after considering the future commitments of the charity and the likely administrative costs of the charity for the next year.
The charity is reliant on voluntary income from benefactors and members voluntary subscriptions. During the period under review, the charity had a total income of £49,891 (2022: £91,047) and total expenditure on charitable activities of £74,220 (2022: £51,739), leaving the charity with £14,979 (2022: £39,308) of unrestricted funds at the balance sheet date. The trustees consider the financial performance of the charity to be adequate.
FUTURE PLANS
The charity plans continuing the activities outlined above in the forthcoming years subject to satisfactory incoming resources.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1195022
Principal address
83 Bridge Lane London NW11 0EE
Trustees
J Freifeld U N Goldberg J I Meisner
Independent Examiner
Aryeh Melinek, FCA Melinek Fine LLP Chartered Accountants First Floor, Winston House 349 Regents Park Road London N3 1DH
Page 1
ETZ CHAIM SHUL
Report of the Trustees FOR THE YEAR ENDED 31 DECEMBER 2023
Approved by order of the board of trustees on 31 October 2024 and signed on its behalf by:
U N Goldberg - Trustee
Page 2
Independent Examiner's Report to the Trustees of Etz Chaim Shul
Independent examiner's report to the trustees of Etz Chaim Shul
I report to the charity trustees on my examination of the accounts of Etz Chaim Shul (the Trust) for the year ended 31 December 2023.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all 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:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts 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.
Aryeh Melinek, FCA
Melinek Fine LLP Chartered Accountants First Floor, Winston House 349 Regents Park Road London N3 1DH
31 October 2024
Page 3
ETZ CHAIM SHUL
Statement of Financial Activities
FOR THE YEAR ENDED 31 DECEMBER 2023
| Period | |||
|---|---|---|---|
| 1.7.21 | |||
| Year Ended | to | ||
| 31.12.23 | 31.12.22 | ||
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| INCOME AND ENDOWMENTS FROM | |||
| Donations and legacies | 49,891 | 91,047 | |
| EXPENDITURE ON | |||
| Charitable activities | |||
| Charitable activities | 74,220 | 51,739 | |
| NET INCOME/(EXPENDITURE) | (24,329) | 39,308 | |
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | 39,308 | - | |
| TOTAL FUNDS CARRIED FORWARD | 14,979 | 39,308 |
The notes form part of these financial statements
Page 4
ETZ CHAIM SHUL
Balance Sheet 31 DECEMBER 2023
| 2023 Unrestricted fund Notes £ CURRENT ASSETS Cash at bank 17,088 CREDITORS Amounts falling due within one year 3 (2,109) NET CURRENT ASSETS 14,979 TOTAL ASSETS LESS CURRENT LIABILITIES 14,979 NET ASSETS 14,979 FUNDS Unrestricted funds 14,979 TOTAL FUNDS 14,979 |
2022 Total funds £ 44,308 (5,000) 39,308 39,308 39,308 39,308 39,308 |
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 31 October 2024 and were signed on its behalf by:
U N Goldberg - Trustee
The notes form part of these financial statements
Page 5
ETZ CHAIM SHUL
Notes to the Financial Statements FOR THE YEAR ENDED 31 DECEMBER 2023
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: 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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Pension costs and other post-retirement benefits
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
2. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2023 nor for the period ended 31 December 2022.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2023 nor for the period ended 31 December 2022.
continued...
Page 6
ETZ CHAIM SHUL
Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 DECEMBER 2023
3. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Taxation and social security Other creditors |
2023 £ 370 1,739 2,109 |
2022 £ 1,541 3,459 5,000 |
|---|---|---|
4. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2023.
Page 7