## **Chabad House of Hendon**
**Charity No. 1197396**
**Company No. CE027857**
**Trustees' Report and Unaudited Accounts**
**31 December 2023**
**Chabad House of Hendon Contents**
||Pages||
|---|---|---|
|Trustees' Annual Report|2 to 4||
|Independent Examiner's Report||5|
|Statement of Financial Activities||6|
|Balance Sheet||7|
|Notes to the Accounts|8 to|13|
|Detailed Statement of Financial Activities|14 to|15|
Page 1
**Chabad House of Hendon Trustees Annual Report**
The trustees, who are also directors of the charity for the purposes of the Charities Act, present their report with the unaudited financial statements of the charity for the year ended 31 December 2023.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Company No. CE027857**
## **Charity No. 1197396**
## **Registered Office**
Chabad Lubavitch House 112-114 Brent Street London NW4 2DT
## **Directors and Trustees**
The Directors of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees served during the year:
I. Ben-Ze'ev A. Graham B. Sovin Chabad Lubavitch UK
## **Accountants**
Pollock Accounting Ltd 3 - 4 Sentinel Square London NW4 2EL
## **OBJECTIVES AND ACTIVITIES**
The Advancement of the Orthodox Jewish Faith in accordance with the principles and teachings of Chabad by facilitating educational, social and welfare activities for the Jewish people that will build and strengthen a meaningful relationship to their heritage. This is also recognised by English law as charitable.
The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the Charity should undertake.
Summary of key activities
Compared to last year, where people felt lonely, vulnerable, and were physically socially isolated, this year by contrast has seen a rise in social get together as our in-person gatherings gradually restarted as soon as lock down regulations were eased up.
Page 2
**Chabad House of Hendon**
## **Trustees Annual Report**
As a Charity, it was incumbent upon us to ensure that all our members and those who reached out to us were looked after, felt safe and connected. With precautionary measures in place, the Charity offered a sustainable support through online and in person programmes as per Government guideline.
Last year’s activities have been impacted by the Covid 19 restrictions that prevailed during the Pandemic.
Braving the uncertainty within the legality of the legislation, the Charity had to be versatile as Covid 19 had an impact on society at its very core.
## Public Benefit
The Trustee and its officers have regard to Section 17 of the Charities Act 2011 and the Charity Commission’s guidance on public benefit in delivering the charity’s various activities and consider that the ‘open door’ approach when reaching out to beneficiaries across the community reflect and fulfils the Charity’s legal obligation to ensure that there is a public benefit in everything that the Charity strives to do.
Our Thanks…
We are grateful to all those who have given so much time and commitment to the advancement of the Charity and its objectives, specifically through the challenging times of the Pandemic. Our team members who have often selflessly put aside their personal needs and worked together to realise some of the Charity’s key aspirations and targets.
## **ACHIEVEMENTS AND PERFORMANCE**
In the period until 31 December 2023 our Charity received total income of £146,011. The total expenditure in the year was £104,670 so the charity had a surplus of £41,341.
Chabad of Hendon provided Jewish Educational classes, cultural resources, welfare resources and religious services in and around Hendon. Our events and programmes have continued to grow in popularity and attendance. Including hosting regular Festive meals and regular events.
We estimate that over the year Chabad of Hendon has hosted over 2200 people at its various programmes and events, people from a wide variety of backgrounds and social / economic situations.
All our activities are in accordance with our Charity guidelines and promotes kindness, non-Judgemental open-door policy, respect to one another, family unity, charity, and peace.
## Adult Education
Our mission is to make Jewish knowledge accessible and personally meaningful to everyone regardless of background or affiliation, through classes and one to one learning and utilises multimedia in an array of approaches to captivate, educate and to emotionally stimulate all kind of minds in a vibrant Jewish learning experience. Normally those classes are held in in person at our centre however due to the Lockdown rules, we continued the classes online via Zoom.
The charity has also undertaken events such as:
Regular learning classes held on a weekly basis.
Welfare assistance to the local community - In a thoughtful and discreet manner, we provide community welfare assistance which includes providing financial support to needy families and a listening ear when required.
Page 3
**Chabad House of Hendon Trustees Annual Report**
Throughout the year the Synagogue celebrates the Jewish festivals such as:
- A family Communal Seuda at Purim was attended by approximately 65 people .
- The distribution of Shmura Matzos to families.
- The Annual Communal Seder at Pesach was attended by 55 people.
- For Shavout there was a Special cheesecake Kiddush and children’s programme
- Our annual Charity Extra Fund-Raising Event raised approximately £75k
- A communal Sukkah in Sentinel Square for Sukkot.
- We had a great speaker, Rabbi Gershon Schusterman from Los Angeles who spoke on “How to Believe in Heaven when it Hurts Like Hell”
- The Annual Simchas Beis Hashoeva with a Fire Eater and Magician attracted several hundred people throughout the evening.
- A special Kiddushim with the Chosson Torah and Chosson Bereshis.
Once again we installed Menorahs in 6 locations, including Hendon Town Hall, Tesco Brent Cross, Shirehall Roundabout, Brent Street by the Pillar Hotel and a new large Menorah at the Chabad House of Hendon. Our flagship Giant Menorah was at Brent Cross Shopping Centre is the highlight of Chanukah for so many. There were also 3 events associated with Chanukah which were
1) a reception and party attended by 80 people at the Brent Town Pavilion with MP Mathew Offord.
2) a party at Chabad House for about 70 people
3) a gathering at the Town Hall with Counsellors and the Mayor for 70 people.
Mrs Overlander continues to organize successful events for women in Chabad House such as a painting event and a pottery event.
## **FINANCIAL REVIEW**
As at the year end the Charity had unrestricted reserves of £41,341 which the Charity believes is sufficient to continue running its day to day activities.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
Chabad House of Hendon is a CIO that was established on 7 January 2022. The objectives of the charity are the advancement of Orthodox Jewish education and faith in accordance with the principles and teachings of Chabad in such ways are are exclusively charitable in English Law and in particular but not exclusively providing services to Jewish people living in the Hendon area.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime in accordance with the Charities SORP (FRS 102).
Signed on behalf of the board
I. Ben-Ze'ev Trustee
2024
Page 4
**Chabad House of Hendon**
**Independent Examiners Report**
## **Independent Examiner's Report to the trustees of Chabad House of Hendon**
I report to the charity trustees on my examination of the financial statements of Chabad House of Hendon for the year ended 31 December 2023.
## **Responsibilities and basis of report**
As the charity's trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act.
Having satisfied myself that the financial statements of the Charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's financial statements as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
## **Independent examiner's statement**
I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe:
- accounting records were not kept
- the financial statements do not accord with those records; or
- the financial statements do not comply with the accounting requirements other than any requirement that the financial statements give a 'true and fair' view which is not a matter considered as part of an independent examination; or
- the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
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 financial statements to be reached.
David Pollock FCMA
Chartered Institute of Management Accountants
Pollock Accounting Ltd
3 - 4 Sentinel Square London NW4 2EL
2024
Page 5
**Chabad House of Hendon Statement of Financial Activities**
## **for the year ended 31 December 2023**
|**Notes**
**Income and endowments**
**from:**
Donations and legacies
4
Investments
5
Other
6
**Total**
**Expenditure on:**
Raising funds
7
Charitable activities
8
Other
9
**Total**
Net gains on investments
**Net income**
Transfers between funds
**Net income before other**
**gains/(losses)**
**Other gains and losses**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|**Unrestricted**
**funds**
**2023**
**£**
137,464
2,083
6,464|**Total funds**
**2023**
**£**
137,464
2,083
6,464|**Total funds**
**2022**
**£**
163,364
9,352
5,446|
|---|---|---|---|
||146,011
1,860
21,845
106,339|146,011
1,860
21,845
106,339|178,162
1,346
14,999
136,443|
||130,044
-|130,044
-|152,788
-|
||15,967
-|15,967
-|25,374
-|
||15,967|15,967|25,374|
||15,967
25,374|15,967
25,374|25,374
-|
||41,341|41,341|25,374|
Page 6
**Chabad House of Hendon**
**Balance Sheet**
## **at 31 December 2023**
|**Company No.**
**CE027857**
**Notes**
**2023**
**£**
**Fixed assets**
Tangible assets
11
597
597
**Current assets**
Cash at bank and in hand
45,895
45,895
**Creditors:**Amount falling due within one year
12
(5,151)
**Net current assets**
40,744
**Total assets less current liabilities**
41,341
**Net assets excluding pension asset or liability**
41,341
**Total net assets**
41,341
**The funds of the charity**
**Restricted funds**
13
**Unrestricted funds**
13
General funds
41,341
41,341
13
41,341
**Reserves**
**Total funds**|**2022**
**£**
-|
|---|---|
||-
36,101|
||36,101
(10,727)|
||25,374
25,374|
||25,374|
||25,374|
||25,374|
||25,374|
||25,374|
Approved by the board on 2024
And signed on its behalf by:
I. Ben-Ze'ev Trustee 30 July 2024
Page 7
**Chabad House of Hendon Notes to the Accounts**
## **for the year ended 31 December 2023**
- 1 **Accounting policies**
## **Basis of preparation**
The financial statements have been prepared in accordance with 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 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
## **Change in basis of accounting or to previous accounts**
There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.
## **Fund accounting**
- Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.
- Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values.
- Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.
## **Income**
- Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.
- Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA. Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income.
- Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material.
Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets
Page 8
**Chabad House of Hendon Notes to the Accounts**
## **Expenditure**
- Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates.
- Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs.
- Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.
- Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.
- Other expenditure These are support costs not allocated to a particular activity.
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **Trade and other debtors**
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **Cash and cash equivalents**
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.
## **Trade and other creditors**
Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
## **Receipt of donated goods, facilities and services**
All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.
## 2 **Company status**
The company is a private company limited by guarantee and consequently does not have share capital.
Page 9
**Chabad House of Hendon**
## **Notes to the Accounts**
## 3 **Statement of Financial Activities - prior year**
|3
**Statement of Financial Activities - prior year**||||
|---|---|---|---|
|**Income and endowments from:**
Donations and legacies
Investments
Other
**Total**
**Expenditure on:**
Raising funds
Charitable activities
Other
**Total**
**Net income**
**Net income before other**
**gains/(losses)**
**Other gains and losses:**
**Net movement in funds**
**Reconciliation of funds:**
**Total funds carried forward**
4
**Income from donations and legacies**
Donations
5
**Income from investments**
Interest Received
Property rental|**Unrestricted**
**£**
137,464
137,464
**Unrestricted**
**£**
383
1,700
2,083|**Unrestricted**
**funds**
**2022**
**£**
163,364
9,352
5,446
178,162
1,346
14,999
136,443
152,788
25,374
25,374
25,374
25,374
**Total**
**2023**
**£**
137,464
137,464
**Total**
**2023**
**£**
383
1,700
2,083|**Total funds**
**2022**
**£**
163,364
9,352
5,446|
||||178,162
1,346
14,999
136,443|
||||152,788|
||||25,374|
||||25,374|
||||25,374|
||||25,374|
||||**Total**
**2022**
**£**
163,364|
||||163,364|
||||**Total**
**2022**
**£**
2
9,350|
||||9,352|
Page 10
**Chabad House of Hendon**
## **Notes to the Accounts**
## 6 **Other income**
**----- Start of picture text -----**
Unrestricted Total Total
2023 2022
£ £ £
Grants received 6,464 6,464 5,446
6,464 6,464 5,446
**----- End of picture text -----**
|7
**Expenditure on raising funds**
_Costs of generating voluntary_
_income_
Donations
8
**Expenditure on charitable activities**
_Expenditure on charitable_
_activities_
Community events
_Governance costs_
9
**Other expenditure**
Bank loan and overdraft
interest payable
Employee costs
Motor and travel costs
Premises costs
General administrative costs
Legal and professional costs|**Unrestricted**
**£**
1,860
1,860
**Unrestricted**
**£**
21,845
21,845
**Unrestricted**
**£**
79
33,692
3,369
50,122
4,010
15,067
106,339|**Total**
**2023**
**£**
1,860
1,860
**Total**
**2023**
**£**
21,845
21,845
**Total**
**2023**
**£**
79
33,692
3,369
50,122
4,010
15,067
106,339|**Total**
**2022**
**£**
1,346|
|---|---|---|---|
||||1,346|
||||**Total**
**2022**
**£**
14,999|
||||14,999|
||||**Total**
**2022**
**£**
50
44,270
4,341
59,569
12,757
15,456|
||||136,443|
Page 11
**Chabad House of Hendon Notes to the Accounts**
## 10 **Staff costs**
|10|**Staff costs**|||||
|---|---|---|---|---|---|
||||**2023**||**2022**|
||Salaries and wages||26,280||37,635|
||Social security costs||-||546|
||||26,280||38,181|
||No employee received emoluments in excess of £60,000.|||||
||The average monthly number|of full time equivalent employees during the year was as follows:||||
||||**2023**||**2022**|
||||**Number**||**Number**|
||Administrative||2||2|
||||2||2|
|11|**Tangible fixed assets**|||||
|||||**£**|**£**|
||**Cost or revaluation**|||||
||Additions|||597|597|
||At 31 December 2023|||597|597|
||**Net book values**|||||
||At 31 December 2023|||597|597|
|12|**Creditors:**|||||
||amounts falling due within one year|||||
||||**2023**||**2022**|
||||**£**||**£**|
||Bank loans and overdrafts||4,869||-|
||Trade creditors||-||3,197|
||Other taxes and social security||2,655||1,939|
||Other creditors||(3,573)||4,390|
||Accruals||1,200||1,201|
||||5,151||10,727|
|13|**Movement in funds**|||||
||||**Incoming**|||
||||**resources**|||
||||**(including**|**Resources**|**At 31**
**December**|
|||**At 1 January**|**other**
**gains/losses**|**expended**|**2023**|
|||**2023**|**)**|||
||||**£**|**£**|**£**|
||**Restricted funds:**|||||
||**Unrestricted funds:**|||||
||**General funds**|25,374|146,011|(130,044)|41,341|
||**Total funds**|25,374|146,011|(130,044)|41,341|
Page 12
**Chabad House of Hendon**
## **Notes to the Accounts**
## 14 **Analysis of net assets between funds**
|14 **Analysis of net assets between funds**||||
|---|---|---|---|
|Fixed assets
Net current assets
15 **Reconciliation of net debt**
Cash and cash equivalents
Bank overdrafts
Net debt|**At 1 January**
**2023**
**£**|**Unrestricted**
**funds**
**£**
597
40,744
41,341
**Cash flows**
**£**|**Total**
**£**
597
40,744|
||||41,341|
||||**At 31**
**December**
**2023**
**£**|
||36,101|9,794|45,895|
||-|(4,869)|(4,869)|
||36,101
36,101|4,925
4,925|41,026|
||||41,026|
## 16 **Related party disclosures**
## _**Controlling party**_
The company is limited by guarantee and has no share capital; thus no single party controls the company.
Page 13