Heichale• Hakodesh Centre Machnovke Belz Charlty No. 1197513 Company No. Trustees, Report arbd Unaudited Accounts 31 Ortober 2023 Heichalei Hakodesh Centre Machnovke Belz Contents Pages 2to3 Trustees, Annual Report IrTrdependent Examiner's Report Statement of Financial Activities Summary Income and Expenditure Account Balance Sheet Notes to the Account5 8t013 Detailed Statement of Financial Activities 14to15 Page I Heichalei Hakodesh Centre Machnovke Be12 Trustees Annual Report The trustees, who are also directors of the charity for the purposes of the Companies Act 2C(16, present their report with the unaudited financial statements of the charity for the year ended 31 October 2023. REFERENCE AND ADMINISTRATIVE DETAILS Company No. Charity No. 1197513 Principal Office 32 Grayling Road London N1608T Registered Office 32 Grayling Road London N160BT Director5 and Trustees The Directors of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees seNed during the year: M. Krautwirt S. Krautwirt R. Ludmir Accountants S J Shel(Jon Ltd 20 Clarence Road Hale Cheshire WA15 85G OBJECTIVES AND AcllviTIES The purpose of the charity as set out in its governing document. The tharity was registered on the 14th January 2022. The main activities undertaken by the charity are the advancement of the Jewish religion and Jewish religious education and the alleviation of poverty amongst the Machnovke Belz community in Bene Berak, Israel and Jewish communities throughout the world. ACHIEVEMENTS AND PERFORMANCE The charity raised donations of £919.96912022 £548.8151 during the period and made charitable donations of £905,42612022 £490.5551 The trustees are Satisfied with the performance in the period. Page 2 Heichalei Hakodesh Centre Machnovke Belz Trustees Annual Report FINANCIAL REVIEW The trustees have assessed the major risks to which the charity is exposed and they are satisfied that systems are in place to manage the charities exposure to those risks. The trustees aim to maintain reserves at a level necessary to continue to provide charitable support as set out in the Governing document. STRUCWRE. GOVERNANCE AND MANAGEMENT The charity was registered on the 14th January 2022 and is a charitable incorporated organisation. The charity currently has three trustees. 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 finar)cial statements comply with the Companies Act 21)06. 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 as set out in Part 15 of the Companles Act 2006 and in accordance with the Charities SORP IFRS 1021. Signed on behalf of the board M. Kra twirt Trustee 14June 2024 Page 3 Heichalei Hakodesh Centre Machnovke Beli Independent Examiners Report Independent Examiner's Report to the trustees of Heichalel Hakodesh Centre Machnovke Belz I report to the charity trustees on my examination of the financial statements of Heichalei Hakodesh Centre Machnovke Belz for the year ended 31 October 2023. Responsibilities and basis of report As the charity's trustees of the company land also its directors for the purpose5 of company lawl you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2￿61'the 2CK)6Act. 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 a5 carried out under Section 145 of the Charities Act 20111'the 2011 Act'l. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145151 Ibl of the 2011 Act. Independent examiner's ststement As the charity's gross income exceeded £250.OW your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member of Institute of Financial Accountants, which is one of the listed bodies. 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 in accordance with section 386 of the 2CQ6 Act - or • the financial statements do not accord with those records,. or the financial statements do not comply with the accounting requirements under Section 396 of the 2006 Act 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 IFRS 1021. I have no concerns and have come across no other matters in connertion 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. Simon Sheldon Institute of Financial Accountants S I Sheldon Ltd 20 Clarence Road Hale Cheshire WA15 8SG 14June 2024 Page 4 Helchalel Hakodesh Centre Machnovke Belz St*ement of Financial Actwities for the year ended 31 October 2023 Unrestricted funds Totsl funds Total funds 2023 2023 2022 Notes Income and endowments from: Donations and legacies 919,969 919,969 548,815 Total 919,969 919,969 548,815 Expendlture on". Charitable activities Other 905,426 40.768 905,426 40,768 490,555 12,169 Total 946,194 946.194 502,724 Net gains on investments Net {expenditure)lincome Transfers beljveen funds 126.2251 126,2251 46,091 Net lexpenditurel/incorne before other gainsl{losses) 126.2251 126,2251 46,091 Other gains and losses Net movement in fvnds 126.2251 126,2251 46,091 Reconciliation of funds: Total funds brought forward 46,091 46,091 Total funds carried lornard 19.866 19,866 46.091 Page 5 Heichalei Hakc•desh Centre Machnovke Belz Summary Income and Expenditure Account for the year ended 31 Ortober 2023 2023 2022 Income 919,969 548,815 Gross income for the year 919,969 548,815 Expenditure 946,194 502,724 Totsl expenditure for the year Net lexpenditurel/income before tax for the year 946,194 502,724 126.2251 46,091 Net (expenditure )lincome forthe year 126.2251 46,091 Page 6 Heichalei Hakodesh Centre Mathnovke Belz Balance Sheet at 31 October 2023 Company No. Notes 2023 2022 Current assets Cash at bank and in hand 19,866 19,866 19,866 46,091 46,091 46,091 Net current assets Total assets less current liabilitles 19,866 46,091 Net assets excluding pension asset or liability 19,866 46,091 Total net assets 19,866 46,091 The funds of the charity Restrirted fvnds Unrestricted funds General funds 19,866 46,091 19,866 46,091 Reserves Total funds 19,866 46,091 These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. For the year ended 31 October 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2￿6. The director5 acknowledge their responsibilities for complying with the requirements of the Companies Act 2(XJ6 with respect to accounting records and the preparation of accounts. Approved by the board on 14 June 2024 And signed on its behalf by= M. Krautwirt Trustee 14June 2024 Page 7 Heichalei Hakodesh Centre Machnovke Beli Ststement of Cash flows for the year ended 31 Ortober 2023 2023 2022 Cash fl¢)ws from operating artivities Net {expenditure)lincome per Staternent of Financial Artivities {26.2251 46,091 Net cash {used in)Ipro¥ide