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 finan￿al 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 Gra￿Ing 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 D1￿CtionS given by the Charty Commission under seclion 145(5llbl of the Act. Inde￿ndOnt •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 COnnect￿n 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 Com￿lance with FRS 102. The Financial Reporting Stsndard applicable in the UK and the Republic of I￿land., 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 Charit￿s 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