REGISTERED COMPANY NUMBER: 13535690 (England and Wal￿) REGISTERED CHARITY NUMBER: 1196706 REPORT OF THE TRUSTEE8 AND UNAUDrrED FINANc￿L STATEMENT8 FOR THE YEAR ENDED 31 JULY 2023 FOR KEHILAS ADAS YISROEL BOURNEMOUTH LTD STERN ASSOCIATES Chartered A¢countanls 2 Helenslea Avenue London NW118ND KEHILAS ADAS YISROEL BOURNEMOUTH LTD CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023 Pago R•port ol tha Trn•tM8 1 to 2 Ind•p•nd•nt Examln6f• Rfrport 8tatomont of Flnanelal Aelivltio• Bal•n¢• 8ho•t 5 to 6 Noto• to th• Flnanclal Ststom•nts 7 to 10 D•tall•d Statsmont of Flnanclal ActlvStl•• 11 KEHILAS ADAS YISROEL BOURNEMOUTH LTD REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2023 The trusle8s who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of th6 ¢harSty for the year ended 31 July 2023. The trustees have adopted the provisions of Accounting and Reporting by Charrties.. Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reports'ng Stsndard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20191. OBJECTIVES AND ACTivrriES ObJectiv08 and alms the main oblectfves of the ¢harity are.. - The advancement of the orthodox Jewsh faith in such ways as affj exclusively charitable Sn English law And in part￿ular but not exclusively by establishing , maintaining and managing a Synagogue lo be known as Kehilas Adas Yisroel in Bournemouth as a place of worship, public prayer and religious study And by providlng the religious needs, spiritual education welfare and pastoral needs of the Synagogue members and of olh8r members of the lewlsh ¢ommunty. Publlc bonellt The charity will provide a Synagogue and the serv￿eS of a Rabbi for th810¢81 Community. The Synagogue will act as a focal point providing the opportunity for religious knowledge, study and guidance to enable th088 of the Jewish falth lo pra¢b$o their religion correctly. The trustees confirm they have due regard to the guidan¢e publlshed by the Charlty Comml¥slon, Including matters relatlng lo the public benefit. ACHIEVEMENT AND PERFORMANCE Charltsblo actlvltlo8 During the previous period the charity received donatlons and loans whlch were utillsed lo purchase 8 f￿ehOld property in Boumemoulh. 11 1$ Intended for this property to be used as 8 Synagogue. The property was rented out during the period under"review and the charity re¢elved lental income. FINANCIAL REVIEW R88or¥es pollcy The trustees regulady roview the reserves of the char￿Y whose policy is to retaln sulficlent fvnds to meet all for•se8able expenditure. STRUCTURE, GOVERNANCE AND MANAGEMENT Govornlng document The charity is 8 company limited ty guarantee nol having a share capltal, The charftls governlng instruments are Its Memorandum and Artlcles of Associath?n dated 28 July 2021. Recrultmentp appolntm•nL Indu¢tlon and tralnlng of new truJt•o8 New trustees are recrulled and appolnted by the existing trustees as required. Any new appointment of a trustee will followed by appropriate induction and Irainlng to ensure an understanding of the Charivs nature and the r8sponsibilile8 of trustees. Organlsatlonal 8tructure The overall management of the charity is v851ed in th8 trustees, who meet regularty to discuss and review the charity's activities. They will be as5151ed in due courge by the Rabbi of the Synagogue. REFERENCE AND ADMINISTRATIVE DETAILS Reg18tergd Company number 13535690 IEngland and Wales} Rggi8tered Charlty number 1196706 Page 1 KEHILAS ADAS YISROEL BOURNEMOUTH LTD REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2023 Regist•r•d offi¢• 8 Rodbjrough Road London NW118RY Trustees W S Gllbert S J C Maxwell OLOW Indep8ftdent Examln•r Simon D Stern ACA STERN ASSOCIATES Chartered Accountants 2 Helenslea Avenue London NW118ND Approved by order of the ￿ard of truste88 on 29 May 2024 and slgned on its behall by: W S Gllbort- Trustee Page2 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF KEHILAS ADAS YISROEL BOURNEPIOUTH LTD Independent •xamiD•r'$ r•port to the tru8tee8 of Kohilas Adas Y18rog1 Bournemouth Ltd ('tho Compiny'l I roport to the charity trust8es on my examinafjon of the accounts of the Company for the year ended 31 July 2023. Ro$pon8ibllltle8 and basis of report AS the charity's trustees of the Company land also its directors lor the purposes of company lawl you are responsible for the Pfeparation of the accounts in accordance with the requirements of the Companies Act 20061'lhe 2006 Act'l. Having satisfied myself that the accounts of the Company are not required lo be audited under Part 16 of the 2006 Act and are eligible for Independent examinabon, I report in respect of my examination of your charity, accounts as carried out under Sectlon 145 of the Charfties Act 2011 I'lhe 2011 ACVI, In carrying out my examination I have followed Ihe D1￿CtionS giv8n by the Char'ty Commission uTrder Sedion 145151 Ibl of the 2011 Act. Indopendont examlnof8 8tstomonl I have ¢ompleted my eXamInat￿n. I confirm that no mattsrs have come to my attentKsn In connection wth the examination giving me cause lo belleve.. accounting rKord$ were not kept In respect of the Company as required by Section 386 of the 2006 A¢( or the accounts do not accord with those re¢ords'. or the accounts do not comply with the a¢counling requirements of Se¢tion 396 of the 2006 Act olher than any requirement that the accounts glve a true and falr view wh￿h is not a matter considered 88 part of 8n independent examination,. or the accounts have not bean prepared in aKord8nce with the methods and princlple8 of the Statemanl of Recommended Practlce for accounlng and reporting by charities lappllcable to charities preparing Ihelr 8¢counts in accordance w￿h the FinanGlal Reporting Standard applicable in the UK and Republic of I￿land IFRS 10211. I have no conc8ms and have come acr088 no other matters In ¢onne¢lion wth the examination to which attenllon should be dra￿1 In th18 report in order to enabk8 a proper understanding of the accounts to be reacheJ ended 31 July 2022. Tru8t•M' •xpen•e• There wer8 no tru¥t0￿, expense8 paid for the yéar anded 31 July 2023 nor for Ihe period ended 31 July 2022. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES UnTe$trktsd fund INCOME AND ENDOWMENTS FROM Donations and legacies 594,975 Investm8nt income 28,199 Total 623,174 EXPENDITURE ON Raising funds 25,487 NET INCOME 597.687 TOTAL FUNDS CARRIED FORWARD 597,687 Pag8 8 continued.. KEHILAS ADAS YISROEL BOURNEMOUTH LTD NOTES TO THE FINANCIAL STATEMENTS - Contlnued FOR THE YEAR ENDEO 31 JULY 2023 TANGIBLE FIXED ASSETS Freehold property COST At 1 August 2022 and 31 July 2023 915,503 NET BOOK VALUE At 31 July 2023 915.503 At 31 July 2022 915,503 DEBTOR8 31.7.23 31.7.22 Amounts falllng due wlthSn one year. Prepayments 585 480 Amounts falling due after more than one year: Other debtors 1,375 Aggre9ale amounts 565 1,855 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.7.23 31.7.22 Other emdilors Accwed expenses 312.203 7,700 339,027 720 319.903 339,747 MOVEMENT IN FUNDS Net nKvement In funds At 31.7.23 At 1.8.22 Unr88trlcted fund• General fund 597,887 4,909 602,596 TOTAL FUNDS 597,687 4,909 602,596 Page 9 ¢ont6nu8d... KEHILAS ADAS YISROEL BOURNEMOUTH LTD NOTES TO THE FINANCIAL STATEMENTS - continuod FOR THE YEAR ENDED 31 JULY 2023 hlOVEMENT IN FUNDS- continued Net movement in lunds, Included Sn the above are as follows.. Incomlng resources Resources expended Movement in funds Unre8trlcted funds General fund 65,338 160,429} 4.909 TOTAL FUNDS 65,338 160,4291 4,909 Comp•ratlve• lor mov•m•nt In fund• Nel movement in funds At 31.7.22 Unmtrlct•d fund• G&neral fund 597,687 597,887 TOTAL FUNDS 597,687 597,687 Cornparati￿ not mov8ment Sn funds, included In the abov• are 83 follow8.. Incoming r650urces Resources expended Movement in fund8 Unreltrlcted fund• General fund 823,174 125,4871 597,687 TOTAL FUND8 623,174 125,487) 597.687 10. RELATED PARTY DISCLOSURES No Iransadons tsefv￿en the charity and related partks have oKurred durlng Ihe period under revi8W other than fOLttine transactions pursuant lo the Charivs nomial activlUe8, separate disclosure of which is not required. and other than as noted below. Mr S J C Maxwell, a trustee of the charity, made an interesl-free loan to the charity of t18,000 on 30 November 2021. £2,500 of this loan was repaid during the year under review and the balance of £15.500 remained unpaid at 31 July 2023. Mayhpights Limited, a company of which MT O Low, a truste8 of the charity, is a dire¢lor and in which he h8$ significant Control, made a k>an to the charity of £260,000 on 23 August 2022. The loan bears an annual interest rate of 6% anfl remained unpaid 8t 31 July 2023. Page 10 KEHILAS ADAS YISROEL BOURNEMOUTH LTD DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JULY 2023 Period 28.7.21 to 31.7.22 Year Ended 31.7.23 INCOME AND ENDOWMENTS Donatlons and legacles Gifts Donations 22,187 594,975 22,188 594,975 Inv08tmont Incomo Rents received 43,150 28,199 Total Incomlng Mourc•8 65,338 623,174 EXPENDITURE Olh•r 8ank Interest Loan interest 2,764 24,300 27,064 Support co•ts Managom•nt Rates Insurance Sundries Repalrs and mainten8n¢e 10,259 1.128 570 100 8,286 3,584 14,971 8,956 Governan￿ co•ts Accountancy and18gal fees Propety management fee8 Profe5$ional fee8 1,800 5,012 11,582 1,970 5,764 8,797 18,394 16,531 Total resources expended 60,429 25,487 Not Income 4,909 S97,687 Thls page do88 Ml fom part of the 8tatulory finanrA818tatements Page 11