REGISTERED CHARITY NUMBER: 1197391
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
FOR
CHABAD LUBAVITCH OF EPPING
Venitt and Greaves Chartered Accountants 115 Craven Park Road South Tottenham London N15 6BL
CHABAD LUBAVITCH OF EPPING
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 3 |
| Independent Examiner's Report | 4 | ||
| Statement of Financial Activities | 5 | ||
| Balance Sheet | 6 | ||
| Notes to the Financial Statements | 7 | to | 11 |
CHABAD LUBAVITCH OF EPPING
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JANUARY 2024
The trustees present their report with the financial statements of the charity for the year ended 31 January 2024. 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
Objectives and aims
During 2023-24, Chabad Lubavitch of Epping deepened its impact in Epping and surrounding communities, strengthening Jewish life and fostering community connections through religious services, educational programs, and social support initiatives.
Significant Activities:
-
Religious Advancement and Education
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Monthly Shabbat programs showcasing diverse Jewish traditions, attracting growing attendance
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Comprehensive festival celebrations including High Holy Days services, Purim party at Kings Oak
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Educational initiatives: "Meditation from Sinai," seasonal learning programs
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Bar/Bat Mitzvah preparation and celebrations strengthening religious engagement
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"You Be Their Light" project reaching thousands across 22 local locations
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Weekly Cheder program providing Jewish education to children
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School outreach reaching over 1,000 students
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Community Integration and Social Inclusion
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Pioneering interfaith initiatives with local religious leaders
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Enhanced partnership with Essex Police and local authorities
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Successful community celebrations in Ongar and Harlow, including inaugural Chanukah events
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First Shabbat Programme highlighting diverse Jewish heritage
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Community-wide events regularly attracting 250+ participants
-
Holocaust education programs including survivor testimonies
-
Educational Poland tour exploring Jewish heritage
3. Elderly Support and Financial Hardship Relief
-
Regular home visits to elderly and vulnerable community members
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Complimentary event access addressing cost-of-living challenges
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Care packages and food support during illness and festivals
-
Professional mental wellbeing sessions
-
Flexible donation policy ensuring inclusive participation
-
Comprehensive pastoral care during lifecycle events and crises
4. Youth Development and Education
-
Engaging teen events including axe throwing and Shabbat dinners
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Interactive educational programs
-
Holocaust education through survivor meetings
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School assemblies at primary and secondary levels
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Regular afterschool activities developing Jewish identity
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Special support for Jewish students in local schools
Public benefit
The trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the aims and objectives and in planning the charity's future activities.
Our activities have:
-
Made religious services and education accessible to all
-
Reduced isolation among vulnerable community members
-
Built bridges between diverse communities.
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Provided youth development opportunities
-
Enriched local culture through diverse programming
-
Offered crisis support and pastoral care
Page 1
CHABAD LUBAVITCH OF EPPING
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JANUARY 2024
ACHIEVEMENT AND PERFORMANCE
Charitable activities
The charity received donations totalling £171,397 (2023: £266,667) and spent £117,453 (2023: £14,445) on charitable activities.
FINANCIAL REVIEW
Principal funding sources
The charity is financially dependent on income from charitable donations.
Reserves policy
The reserves policy is to ensure that there is a sufficient stream of income to meet the ongoing calls made on the charity including the possibility of providing capital assets for the needs of charitable institutions.
Going concern
The trustees are confident that the charity will be able to continue operating for the foreseeable future.
FUTURE PLANS
We aim to:
-
Deepen our impact within our local community
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Develop additional support services for elderly and vulnerable
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Enhance educational programming
-
Strengthen interfaith relationships
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Continue community building initiatives
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Expand our teen club into a thriving youth community
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Increase engagement with local schools to support Jewish students
-
Build stronger pastoral support systems for teens facing challenges
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document and constitutes a charitable incorporated organisation.
Recruitment and appointment of new trustees
It is not currently the intention of the trustees of the charity to appoint new trustees. Should this situation change in the future, the trustees will apply suitable recruitment and training procedures.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1197391
Principal address
1 Severns Field Epping Essex CM16 5AP
Trustees
Y Friedman M Adler E Y Tunk
Page 2
CHABAD LUBAVITCH OF EPPING
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JANUARY 2024
REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner Venitt and Greaves Chartered Accountants 115 Craven Park Road South Tottenham London N15 6BL
Approved by order of the board of trustees on 11 November 2024 and signed on its behalf by:
Y Friedman - Trustee
Page 3
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CHABAD LUBAVITCH OF EPPING
Independent examiner's report to the trustees of Chabad Lubavitch of Epping
I report to the charity trustees on my examination of the accounts of Chabad Lubavitch of Epping (the Trust) for the year ended 31 January 2024.
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
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the accounts do not accord with those records; or
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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.
M A Venitt, ACA
Venitt and Greaves Chartered Accountants 115 Craven Park Road South Tottenham London N15 6BL
11 November 2024
Page 4
CHABAD LUBAVITCH OF EPPING
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JANUARY 2024
| 31.1.24 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 171,397 EXPENDITURE ON Charitable activities Charitable activities 117,453 Other 900 Total 118,353 NET INCOME 53,044 RECONCILIATION OF FUNDS Total funds brought forward 251,502 TOTAL FUNDS CARRIED FORWARD 304,546 |
31.1.23 Total funds £ 266,667 |
|---|---|
| 14,445 720 |
|
| 15,165 | |
| 251,502 - |
|
| 251,502 |
The notes form part of these financial statements
Page 5
CHABAD LUBAVITCH OF EPPING
BALANCE SHEET 31 JANUARY 2024
| Notes FIXED ASSETS Tangible assets 5 CURRENT ASSETS Cash at bank CREDITORS Amounts falling due within one year 6 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES CREDITORS Amounts falling due after more than one year 7 NET ASSETS FUNDS 9 Unrestricted funds TOTAL FUNDS |
31.1.24 Unrestricted fund £ 703,134 11,587 (36,384) (24,797) 678,337 (373,791) 304,546 304,546 304,546 |
31.1.23 Total funds £ 700,440 152,223 (601,161) (448,938) 251,502 - 251,502 251,502 251,502 |
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 11 November 2024 and were signed on its behalf by:
Y Friedman - Trustee
M Adler - Trustee
The notes form part of these financial statements
Page 6
CHABAD LUBAVITCH OF EPPING
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024
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.
Governance costs
Governance costs are associated with the governance arrangements of the charity and relate to the general running of the charity. These costs include audit, legal advice for Trustees and costs associated with meeting constitutional and statutory requirements such as the cost of Trustee meetings and the preparation of the statutory accounts.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property
- not provided
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.
continued...
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CHABAD LUBAVITCH OF EPPING
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JANUARY 2024
2. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 January 2024 nor for the year ended 31 January 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 January 2024 nor for the year ended 31 January 2023.
3. STAFF COSTS
The average monthly number of employees during the year was as follows:
| Staff No employees received emoluments in excess of £60,000. 4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES INCOME AND ENDOWMENTS FROM Donations and legacies EXPENDITURE ON Charitable activities Charitable activities Other Total NET INCOME TOTAL FUNDS CARRIED FORWARD 5. TANGIBLE FIXED ASSETS COST At 1 February 2023 Additions At 31 January 2024 NET BOOK VALUE At 31 January 2024 At 31 January 2023 |
31.1.24 31.1.23 3 - Unrestricted fund £ 266,667 14,445 720 15,165 251,502 251,502 Freehold property £ 700,440 2,694 703,134 703,134 700,440 |
|---|---|
continued...
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CHABAD LUBAVITCH OF EPPING
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JANUARY 2024
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
|---|---|---|---|---|---|
| 31.1.24 | 31.1.23 | ||||
| £ | £ | ||||
| Other creditors | 36,384 | 601,161 | |||
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN | ONE YEAR | |||
| 31.1.24 | 31.1.23 | ||||
| £ | £ | ||||
| Bank loans (see note 8) | 373,791 | - | |||
| 8. | LOANS | ||||
| An analysis of the maturity of loans is given below: | |||||
| 31.1.24 | 31.1.23 | ||||
| £ | £ | ||||
| Amounts falling due in more than five years: | |||||
| Repayable otherwise than by instalments: | |||||
| Bank loans more 5 yrs non-inst | 373,791 | - | |||
| 9. | MOVEMENT IN FUNDS | ||||
| Net | |||||
| movement | At | ||||
| At | 1.2.23 | in funds | 31.1.24 | ||
| £ | £ | £ | |||
| Unrestricted funds | |||||
| General fund | 251,502 | 53,044 | 304,546 | ||
| TOTAL FUNDS | 251,502 | 53,044 | 304,546 | ||
| Net movement in funds, included in the above are as follows: | |||||
| Incoming | Resources | Movement | |||
| resources | expended | in funds | |||
| £ | £ | £ | |||
| Unrestricted funds | |||||
| General fund | 171,397 | (118,353) | 53,044 | ||
| TOTAL FUNDS | 171,397 | (118,353) | 53,044 |
continued...
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CHABAD LUBAVITCH OF EPPING
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JANUARY 2024
9. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Unrestricted funds General fund TOTAL FUNDS Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 266,667 TOTAL FUNDS 266,667 |
Net movement At in funds 31.1.23 £ £ 251,502 251,502 251,502 251,502 Resources Movement expended in funds £ £ (15,165) 251,502 (15,165) 251,502 |
At 31.1.23 £ 251,502 |
|---|---|---|
| 251,502 | ||
| 251,502 |
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
At 1.2.22 £ - - |
Net movement in funds £ 304,546 304,546 |
At 31.1.24 £ 304,546 |
|---|---|---|---|
| 304,546 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 438,064 438,064 |
Resources Movement expended in funds £ £ (133,518) 304,546 (133,518) 304,546 |
Resources Movement expended in funds £ £ (133,518) 304,546 (133,518) 304,546 |
|---|---|---|---|
| 304,546 |
continued...
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CHABAD LUBAVITCH OF EPPING
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JANUARY 2024
10. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 January 2024.
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