CHARITY REGISTRATION NUMBER: 1197513 Heichalei Hakodesh Centre Machnovke Belz Unaudited Financial Statements 31 October 2024 BRINDLEY GOLDSTEIN LIMITED Chartered accountants 103 High Street Waltham Cross Herts EN8 7AN
Heichalei Hakodesh Centre Machnovke Belz Financial Slatements Year ended 31 October 2024 Page Trustees. annual report Independent examine¢s report to the trustees Slalement of financial activilies Stalement of financial position Stalement of cash flows Notes to the financial statements The following pages do not fom part of the financial statements Detailed statement of finanal activities 13 Notes to the detailed statement of financial activities 14
Heichalei Hakodesh Centre Machnovke Belz Trustees. Annual Report Year ended 31 October 2024 The trustees present their report and the unaudited financial stslements of the ch8rity for the year ended 31 October 2024. Referen¢È and administrative details Registered charity name Heichalei Hakodesh Centre Machnovke Beiz Charity règistration number 1197513 Principal office 32 GraIng Road London N160BT The trustees Mr M Krautsvirt Mr S KrauNvirt Mrs R Lu¢Jmir Independent Èxaminer Brindley Goldstein Limited 103 High Streel Waltham Cross Herts EN8 7AN Structure, governan and management The purpose of the charity is set out in its goveming docurY*nt_ The charity was regislered on the 14th January 2022. Objectives and activities The main aclikities undertaken by the Charity are the advancement of the Jewish religion and Jewish religious education and the alleviation of povety amongst the Machnovke Belz community in Bene, 8erak. Israel and Jewish communtts.es throughout the worfd. The trustees confirm that they have given due regard to the Charity Commission's guidance on public benefit. Achlevements and perfomianc• The trustees a satisfied wtth the resutts for the year The charity raised 1Son81ions of £995,175 12023.. £919.9691 during the period and made charitable donations of £989,64812023: £905,426).
Heichalei Hakodesh Centre Machnovke Belz Trustees. Annual Report (contini*dJ Year ended 31 October 2024 Financial review The tr¢Jstees retain reserves as necessary and wherè appropriate. consolidate funds in order to finance the operation of the Charity. and to make payments as appropriate. Reserves policy The Iruslees have assessed the major ¥isks lo which Ihe charity is exposed and are satisfied that the systems are in place to manage the charities exposure to thc6e risks The trustees aim lo maintain reserves at a level necessary to witinue to provide ch8ritable support as sel out in the Goveming documenl. Plans for future periods The trustees anticipate that the charity wll ¢onlinLbe on a similar basis in the loreseeable future subject to satisfactory Income and Ihere a no plans for any Major changes. The trustees. annual report was approved on 17 February 2025 and signed on behalf of the board of trustees by". Mr M Krautwrt Trustee
Heichalei Hakodesh Centre Machnovke Belz Independent Examinerfs Report to the Trustees of Heichalei Hakodesh Centre Machnovke Belz Year ended 31 October 2024 I report to the trustees on my examination of the financial statements of Heichalei Hakodesh Centre Machnovke Belz I'the charity'l for the year ended 31 October 2024_ Re$pon$ibilities and basis of report As the trustees of the charity you are responsible for the preparation of the financial slalemènts in accordance with the requirements of Ihe Chartties Act 2011 1.the Act'l. I report in respect of my examination of thè charity's finan¢ial slatèments carried out under section 145 of the 2011 Act and in carrying out my Èxamination I have followed all the applicable D1CtionS given by the Charty Commission under seclion 145(5llbl of the Act. IndendOnt •xamin•rfs statement Since the charity's gross income exceeded £250,000 your examiner musl be a member of a body listed in section 145 of the 2011 Acl. I conf1mi that l am qualified to undertake the examination because l am a member of the Inslitule of Chartered Accountants in England and Wales IICAEWI, which Is one of the listed bodies. I have compleled my examination. l nfirM that no material rnatters have come to my attention in ¢onne¢tion with the examinath)n gmng me cause lo believe that in any material respect.. accounting records were not kept in respect of the charity as required by section 130 of the Act., or Ihe financial slaltsments do not accord writi those records: or the financial statements do not compty with the applicable requirements con¢eming the form and conlenl of accounts set out in the Charities (Accounts and Report51 Regulations 2008 other than any requirement that the a¢counts give a Xrue and fairf view which not a matler considered as part of an independent examination. I have no concems and have come across no other matters in COnnectn with the examination to which attention should be drawn in this rew)rt in order to enable a proper understsnding of the accovnts to be reached. Brindley Goldstein Limited Independent Examiner 103 High Street Waltham Cross Herts EN8 7AN
Heichalei Hakodesh Centre Machnovke Belz Statement of Financial Activities Year ended 31 October 2024 2024 Unrestricted funds Total funds 2023 Total funds Note Income and endowments Donations and legacies Inveslmenl income 995,175 78 995,175 78 919,969 Total income 995,253 99S,253 919,969 Expenditure Expenditure on charitable acbvities Total expenditure 1.004,058 1.004,058 946,194 1.004,058 1,004,058 946,194 Net expenditure and net movement in funds {8,8051 18,8051 126.2251 Reconciliation of funds Total funds brought forward Total funds carried forward 19,866 19.866 46,091 11,061 11.061 19,866 The slalefnenl of financial 8clivilies indudes all gains and losses recognised in the year. All income ar*d expenditure derive frorn c4)ntinuing aclivtties. The notes on pages 7 to 11 forni of th•s• financial statements.
Heichalei Hakodesh Centre Machnovke Belz Statement of Financial Position 31 October 2024 2024 2023 Note Current asset5 Debtors Cash at bank arKI in hand 11 118.000 78,781 19,866 196.781 19,866 Creditors: amounts falling due within one year Nèt currènt assets 12 185.720 11.061 19.866 Total assets lèss current liabilities 11,061 19,866 Net assets 11.061 19.866 Funds of the charity Unrestricted funds 11,061 19.866 Total charlty funds 13 11,061 19,866 These financial statements were approved by the board of trustees and authonsed for iSSLJe on 17 February 2025, and are signed on behalf of the board by.. IAr M Krautwirt Trustee The nots5 on pages 7 to 11 forni part ot thoso financlal 5tat•ments.
Heichalei Hakodesh Centre Machnovke Belz Statement of Cash Flows Year ended 31 October 2024 2024 2023 Cash flows from operating adlviti•s Net expenditure 18.8051 126.225} Adjustmenls for Olher interest receivable and similar income Inleresl payable and similar charges Accnjed expenses 1781 788 185,720 401 Ch8nges in.. Trade and other debtors {118,OCK)I 59,625 Cash generated from operations 125,8241 Interest paid Interest recewed (788) 78 14011 Nel cash fromllused inl operats.ng actiwties 58.915 126,2251 Net Incrèaselldecreasel in cash and cash equivalents Cash and cash èqulvalÈnts at beglnnlng of year Cash and cash equlvalenls at end of year 58.915 19,866 126.2251 46,091 78,781 19,866 The notes on p•ge$ 7 t• 11 fomi part of these flnanclal Stsiomtsnts.
Heichalei Hakodesh Centre Machnovke Belz Notes to the Financial Statements Year ended 31 October 2024 General infomiation The charity is a public benefft entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is 32 Grayling Road, Lon¢Jon, N16 OBT. Statement of compliance These finanual statemenis have been prepared in Comlance with FRS 102. The Financial Reporting Stsndard applicable in the UK and the Republic of Iland., the Statement of Recommended Pracbce applicable to charities preparing their accounts in accordan¢e with the Financial Reporting Standard applicable In ihe UK and Republic of Ireland IFRS 1021 (Charities SORP IFRS 102)) and th8 Charities Act 2011. Accounting policies Basi$ of preparation The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain finanaal assets and liabilit and investment properties measured at fair value through income or expenditure. The financial statements are prepared in sterling, which is the functional cuffency of the entity. Golng Concem There are no material LEncertainlies abcHJt the Charits abilty to continue. Disclosure exemptions Disclosures in respect of financial instnjments have not been presented. Judgéments and key sources of estimation uncertainty There are no judgements and estimat&s Fund accounting Unrestricted funds are available for use at the disuetion of the Iruslees lo further any of the charitys purposes. Designated funds are unrestricted fun¢Js eamiarked by the ITUStees for particular future project or commitment. Restricted funds are subjected to restrict)nS on iheir expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub<lasses.' restrict8d income funds or endowment funds.
Heichalei Hakodesh Centre Machnovke Belz Notes to the Financial Ststements Year ended 31 October 2024 Accounting poli¢ies f¢ontin1) Incoming resour¢ès All incoming fesources are indudeil in the slatemenl of finanaal activtties when entitlement has passed lo the tharity.. il is Probable that Ihe economic benefits associated with the transaction will flow to the charity and the amount be reliably measured. The following specific policies are applied to particuL4r categories of income". income from tjonations or grants is recr*Jnised %vhen there is evidence of entitlement to the gift, receipt is probable and its amount can be measureil reliably. legacy in¢ome is CogniSed when receipt is probable antl entitlement is established. income from donated good5 is rneasud al the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. tncome frorn contracts for the supply of seNices is COgnised with the delivery of the contracted servi. This is classified as unrestricted funds unless there is a contractual requirement for It to be spent on a particular purpose and returned if unspent. in which case it fflay be regarded as restricted. Resources expended Expenditu is recognised on an accruals basis as a liability is incurred. ExpendiluTe includes any VAT which cannot be fully recovered. and is classified under headings of the ststemenl of financial activities to which it relates.. expenditure on raising lurKls includes the costs of all ffijndraising a¢tNlties. events. non-charitable trading actNities, and the sale of donated goods. expenditure on charitable activities indudes all costs incurred by a charity in undertaking activities thal furthei its charitable aims for the benefit of its beneficiaries, including those suppx)rt costs and Costs relating lo the governance of the charity apportioned to charitsble activities. other expenditure indudes all expenditure that 15 neither related to raising fijnds for the harity nor part of its expenditure on Charitable aclivits"es. All costs are allocated lo expenditure categories reflecting the use of the SourCe. Direct costs attributable to a single activity are allocated direclty lo th81 activity. Shared costs are apportioned between the adwities they contritrwjle to on 3 aSOnable. justtfiable 8nd consistent basis. Donations and legacies Unreslricted Totsl Funds Unrestricted Total Funds Funds 2024 Funds 2023 Donations Donations recewed 995,175 995,175 919,969 919,969
Heichalei Hakodesh Centre Machnovke Belz Notes to the Financial Statements (¢ttInUed) Year ended 31 October 2024 Investment income Unrestricted Total Funds Unrestricted Total Funds FuThJs 2024 Funds 2023 Bank interest receivable 78 78 Expenditure on charitable actlvlties by fund type Unrestricted Total Funds UnStrICted Total Funds Funds 2024 Funds 2023 Charitable 8clivilies Support costs 1.003.338 720 1.003.338 720 945,054 1,140 945.054 1,140 1.004.058 1,004,058 946,194 946,194 Expenditure on charitable activiti¢$ by activity typè Actwilies undertaken directy Suprx)rt Total funds costs 2024 Total fund 2023 Charitable donations General administrative costs Governance $t$ 989,648 13,690 989,648 13,690 720 905,426 39.628 1,140 720 1,003,338 720 1,004,058 946,194 Independent examination fees 2024 2023 Fees payable to the Indendent examiner for. Independent examination of the financial statements 720 1,140 Stsff costs The average head count of employees during the year 4WdS Nil12023: Nill. No employee reiVed employee benefits of more than £60.000 during the year12023: Nill. 10. Trustee remuneration and •xpenses No remuneration or other benefits from employment %wth the charity or a related entity were received by the Iruslees. No trustees expenses have been incurred.
Heichalei Hakodesh Centre Machnovke Belz Notes to the Financial Statements I¢0nDn) Year ended 31 October 2024 11. Debtors 2024 2023 Prepayments and accrued income 118,000 12. Crèdltors= amounts falling due within one year 2024 2023 Accruals and defeed income 185.720 13. Analysis of charitable funds Unrèstricted funds Al l November 2023 At 31 Octob8r 2 024 Income Expenditure General funds 19,866 995.253 {1.004,058} 11.061 Al 1 November 2022 At 31 October 2 023 Income Expenditure General funds 46,091 919.969 {946,1941 19,866 14. Analysis of net assets between funds Unrestricted Total Funds Funds 2024 Current assets Creditors less than 1 year Net assets 196.781 196,781 1185.7201 1185.7201 11,061 11,061 Unrestncted Total Funds Funds 2023 Cuent assets Creditors lèss than 1 yèar Net assets 19,866 19.866 19.866 19.866 10
Heichalei Hakodesh Centre Machnovke Belz Notes to the Financial Statements (¢onbnv8O) Year ended 31 October 2024 15. Analysis of changes in net debt Al At 1 Nov 2023 Cash flows 31 Oct 2024 Cash at bank and in hand 19.866 58,915 78,781 11
Heichalei Hakodesh Centre Machnovke Belz Management Information Year ended 31 October 2024 The following p•ge$ do not forni part of the financial statements. 12
Heichalei Hakodesh Centre Machnovke Belz Delailed Statement of Flnancial Activities Year ended 31 October 2024 2024 2023 Income and endowments Donations and lega¢les Donations received 995.175 919,969 Invtstmènt incomè Bank interest receivable 78 Total Incorne 995,253 919,969 Expenditure Expenditure on charitable activities Rent Repairs and mainlen8nce Other motorltr8vel Gosts Legal and prOfeSsnal fees Telephone Interest on bank loans and overdrafts Advertising and terminal charges Charilable donations Stationery and prinbng Sundry expenses 4,160 5,096 4,240 16,097 1,140 1,073 401 2,040 208 788 2,119 989,648 905,426 485 17,332 1,CQ4,058 946,194 Total expenditure 1.CrfM,058 946,194 Net expenditure (8,8051 126,2251 13
Heichalei Hakodesh Centre Machnovke Belz Notes to the Detailed Statement of Financial Activities Year ended 31 October 2024 2024 2023 Expenditure on charitable a¢tMties Activity typè 1 Activities undertaken dlre¢ty Direct charitable activity 1 rent Direct charitable a¢twity l - repairs & maintenance Direct Gharitable actNty 1- other motorltravel costs Direct charitable 1 leg818nd professional fees Direct charitable aclwity 1 telephone Dire¢l charitable actwity 1- bank charges Dire¢t charitable 8Ctwity 1 advertising Direct charitable a¢twity 1- charitable donatiork8 Direct charitable actwity 1 - stslionery and printing Direct charitable activity 1- sundry expenses 4,160 4,240 16,097 1,320 208 788 1,311 989,648 1,073 401 905,426 485 17,332 1,002,531 945.054 AGlivity type 2 Activities undertaken directly Direct charitable acknvity 2- lemiinal charges Governancè co$t$ Governance costs - 8cGountsncy fees 720 1,140 Expenditure on charitable activities 1,CH)4,058 946.194 14