Registered Charity Number 1195262
Chabad Mill Hill East
Annual Financial Statements & Trustee’s Report
Period 22 July 2021 to 30 June 2022
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Chabad Mill Hill East
Table of Contents
| Table of Contents | 1 |
|---|---|
| CIO Information | 3 |
| Report of the Trustees | 4-5 |
| Report of Independent Examiner | 6 |
| Statement of Financial Activities | 7 |
| Balance Sheet | 8 |
| Notes to the financial statements | 9-11 |
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Chabad Mill Hill East
CIO INFORMATION
Registered Charity Number: 1195262 Registered 22 Jul 2021
Legal Form: Charitable Incorporated Organisation
Trustees: Yosef Yitzchak Cheruff
Devorah Leah Hoch Yehuda Pink Guy Davis
Chief Executive Officer: Yosef Yitzchak Cheruff
The Trustees named on page one have served throughout the period unless indicated otherwise.
Appointment of Trustees is governed by the Constitution of the charity. The Board of Trustees is authorised to appoint new Trustees to fill vacancies arising from resignation or death of an existing Trustee. The Constitution authorises the Trustees to make or hold investments in the general funds of the charity
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Chabad Mill Hill East
Report of the Trustees
For the period 22 July 2021 to 30 June 2022 .
The trustees present their report with the financial statements of the charity for the year ended 31 July 2021. 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
The objective of Chabad Mill Hill East is to advance the education of the general public in the subject of Cultural and Historic Jewish Heritage by lectures, talks, events and grants. Advance the Jewish religion in Mill Hill East for the benefit of the public through the holding of prayer meetings, lectures and public celebration of religious festivals to enlighten others about the Jewish religion.
Achievements and Performance
Emerging from the pandemic, the charity tried to be there for everyone in the community, creating an inclusive environment. We started providing mobile kits, such as Passover to go kits, Shavuot food delivered to homes, and outdoor Chanukah menorah lightings. As the pandemic ended, we began creating events and activities for all of the Jewish festivals in the community, including Rosh Hashana, Sukkot, Shavuot and Purim. The charity provided school education in the local areas on Jewish festivals, provided hospitality for the local care home Arindagale Manor, as well as the Jewish Blind & Disabled home. The charity also started a Jewish Women’s Circle, providing creativity, fun and community. The Rabbi tutors Jewish children in the area and has started private adult education.
Future Plans
The goal of the charity is to continue growing and strengthening the community. We try to be there for everyone in whichever way they need, including providing events, Sabbath meals, learning, counseling, friendship, and observance.
Structure, Governance & Management
Governing document
Chabad Mill Hill East is a Charitable Incorporated Organisation (CIO) constituted under a Constitution incorporated 22 July 2021 and is registered charity number 1195262
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Recruitment and appointment of new trustees
The appointment of new trustees is at the discretion of the serving trustees. All decisions made on behalf of the charity are made by the trustees.
Responsibilities of the trustees
The trustees are required under the Charities Act 1993 to prepare financial statements for each financial year which give a true and fair view of the charity’s financial activities during the year and of its financial position at the end of the year (unless a charity is entitled to prepare accounts on the alternative receipts and payments basis). In preparing financial statements giving a true and fair view, the trustees should follow best practice and
(a) Select suitable accounting policies and apply them consistently;
(b) Make judgments and estimates that are reasonable and prudent;
(c) State whether applicable accounting standards and statements of recommended practices have been followed, subject to any departures disclosed and explained in the financial statements;
(d) Prepare the financial statements on a going concern basis unless it is appropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping accounting records which disclose with reasonable accuracy the financial position of the charity and which enable them to ascertain the financial position of the charity and which enable them to ensure that the financial statements comply with applicable law and regulations. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
| Reference & Administrative Details | |
|---|---|
| Registered Charity number: | 1195262 |
| Principal address: | 23 Bittacy Road, Mill Hill, NW7 1BP |
| Trustees: | Yosef Yitzchak Cheruff |
| Devorah Leah Hoch | |
| Yehuda Pink | |
| Guy Davis |
Independent Examiner: David Shindler, Chartered Accountant
Approved by order of the board of trustees on 25 April 2023 and signed on its behalf by: Y Cheruff - Trustee & Chief Executive Officer
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CHABAD MILL HILL EAST
Independent examiner's report to the trustees of Chabad Mill Hill East.
I report to the charity trustees on my examination of the accounts of Chabad Mill Hill East (the Trust) for the period from 22 July 2021 to 30 June 2022.
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.
David Shindler Chartered Accountant 4 Berkeley Close Elstree Herts WD6 3JN
25 April 2023
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CHABAD MILL HILL EAST
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE PERIOD 22 JULY 2021 TO 30 JUNE 2022
| 2022 | |
|---|---|
| Unrestricted | |
| Funds | |
| Income | |
| Donations and grants received | 33,363 |
| Expenditure | |
| Fundraising and events | 4,208 |
| --------- | |
| Net Income | 29,155 |
| Total funds brought forward | nil |
| --------- | |
| Total funds carried forward (note 4) | 29,155 |
| ---------- |
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CHABAD MILL HILL EAST
BALANCE SHEET
AS AT 30 JUNE 2022
| 2022 | |
|---|---|
| Unrestricted | |
| Funds | |
| FIXED ASSETS (note 3) | |
| Tangible fixed assets | 489 |
| CURRENT ASSETS | |
| Cash at Bank | 26,990 |
| Cash at PayPal | 1,676 |
| --------- | |
| Net Current Assets | 29,155 |
| --------- | |
| FUNDS (note 4) | |
| Unrestricted Funds | 29,155 |
| --------- |
The financial statements were approved by the Board of Trustees and authorised for issue on 25 April 2023 and were signed on its behalf by:
Y Cheruff - Trustee & Chief Executive Officer
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CHABAD MILL HILL EAST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 22 JULY 2021 to 30 JUNE 2022
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.The only exception to this is where donations are received with the intent that it will pay for expenditure which will arise in a future period, in which case the income is deferred to be matched against that future expenditure.
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.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment - Straight line basis over 3 years
Taxation
The charity is exempt from tax on its charitable activities.
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CHABAD MILL HILL EAST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 22 JULY 2021 to 30 JUNE 2022
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.
2. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the period ended 30 June 2022. There were no trustees' expenses paid for the period ended 30 June 2022.
3. TANGIBLE FIXED ASSETS
| 3. TANGIBLE FIXED ASSETS | |
|---|---|
| Equipment | |
| Cost | |
| Additions in the period 22 July 2021 to 30 June 2022 | 586 |
| At 30 June 2022 | 586 |
| ----- | |
| Depreciation | |
| Charge for the period 22 July 2021 to 30 June 2022 | 97 |
| At 30 June 2022 | 97 |
| ----- | |
| Net Book Value 30 June 2022 | 489 |
| ----- |
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CHABAD MILL HILL EAST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 22 JULY 2021 to 30 JUNE 2022
4. FUNDS
| Unrestricted Funds brought forward | - |
|---|---|
| Net movement in unrestricted funds in the period | |
| 22 July 2021 to 30 June 2022 | 29,155 |
| Unrestricted Funds 30 June 2022 | 29,155 |
| --------- |
5. RELATED PARTY DISCLOSURES
There were no related party transactions for the period 22 July 2021 to 30 June 2022..
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