CHARITY REGISTRATION NUMBER: 1198438
LEHISVADA
Unaudited Financial Statements 31 March 2024
LEHISVADA Financial Statements Period ending 31 March 2024
| Page | |
|---|---|
| Report of the Trustees | 1 to 2 |
| Statement of Financial Activities | 3 |
| Statement of Financial Position | 4 |
| Notes to the Financial Statements | 5 to 7 |
LEHISVADA Trustees' Annual Report Period ending 31 March 2024
REFERENCE AND ADMINISTRATIVE DETAILS
| Trustees | Mr M Deutsch |
|---|---|
| Mr Y Feldman | |
| Mr S Rubinfeld | |
| Charity number | 1198438 |
| Principal office | 35 Heathland Road |
| London | |
| N16 5PG |
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LEHISVADA Trustees' Annual Report Period ending 31 March 2024
The trustees present their report and the unaudited financial statements of the charity for the period ending 31 March 2024.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is governed by a Declaration of Trust.
Organisational structure
The power to appoint new trustees is vested in the current board. It is not the intention of the trustees of the charity to appoint any new trustees. Should the situation change in the future, the trusees will apply suitable recruitment induction and training procedures. The trustees adminster the day to day running of the charity.
Risk review
The trustees confirm that there are no major risks to which the charity is exposed.
OBJECTIVES AND ACTIVITIES
Objectives and aims
The objects of the charity are:
The advancement of the Jewish religion for the public benefit, by the provision of religious education and facilities for religious education and study.
The trustees have considered the Charity Commission's general guidance on public benefit.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
The trustees are pleased with the results of the year. The charity managed to raise the necessary funds required to reach their charitable objectives.
STRATEGIC REPORT
Reserve policy
The trustees retain reserves as necessary and where appropriate, consolidate funds in order to make more substantial grants which they feel to be appropriate.
Future developments
There are no current plans to change the activities or modus operandi in the forseeable future.
Approved by order of the board of trustees on 1 January 2025 and signed on its behalf by:
Mr S Rubinfeld Trustee
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LEHISVADA Statement of Financial Activities Period ending 31 March 2024
| 2024 Unrestricted funds Note £ INCOME AND ENDOWMENTS Donations and grants4 118,097 Total income 118,097 EXPENDITURE ON Expenditure on charitable activities5,6 118,785 Total expenditure 118,785 NET INCOME/(EXPENDITURE) (688) RECONCILIATION OF FUNDS Total funds brought forward (444) TOTAL FUNDS CARRIED FORWARD (1,132) |
2024 Restricted funds £ - - 0 - 0 |
2024 Total funds £ 118,097 118,097 118,785 118,785 (688) (444) (1,132) |
2023 Total funds £ 17,327 17,327 17,772 17,772 (445) - (445) |
|---|---|---|---|
CONTINUING OPERATIONS
All income and expenditure has arisen from continuing activities.
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LEHISVADA Statement of Financial Position Period ending 31 March 2024
| Notes FIXED ASSETS Tangible fixed assets 8 CURRENT ASSETS Debtors Cash at bank CREDITORS Amounts falling due within one year 9 NET CURRENT LIABILITIES TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS Unrestricted funds Restricted funds TOTAL FUNDS |
£ £ 2,486 729 1,802 2,531 (6,149) (3,618) (1,132) (1,132) (1,132) - (1,132) 2024 |
2023 £ 797 2,383 1,443 3,826 (5,067) (1,241) (444) (444) (444) - (444) |
|---|---|---|
The financial statements were approved by the Board of Trustees on 1 January 2025 and were signed on its behalf by:
Mr S Rubinfeld
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LEHISVADA Notes to the financial statements Period ending 31 March 2024
1 GENERAL INFORMATION
The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is 35 Heathland Road, London, N16 5PG.
2 STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Companies Act 2006.
3 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 financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015)', 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Furniture 25% reducing balance basis. IT Equipment 33% reducing balance basis.
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.
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LEHISVADA
Notes to the Financial Statements (continued) Period ending 31 March 2024
4 DONATIONS AND GRANTS
| Unrestricted Funds £ Donations received 118,097 Grants received - 118,097 5 EXPENDITURE ON CHARITABLE ACTIVITIES BY Unrestricted Funds £ Scholarships 54,587 Grants to institutions - Support costs 64,198 118,785 6 EXPENDITURE ON CHARITABLE ACTIVITIES BY Grant Funding £ Charitable grants 54,587 Governance costs 54,587 |
Restricted Total Funds Funds 2024 £ £ 118,097 - - - 118,097 FUND TYPE Restricted Total Funds Funds 2024 £ £ - 54,587 - - - 64,198 - 118,785 ACTIVITY TYPE Support Total Funds Costs 2024 £ £ 54,587 64,198 64,198 64,198 118,785 |
Total Funds 2023 £ 17,005 17,005 Total Funds 2023 £ - 829 16,943 17,772 Total Funds 2023 £ 829 16,943 17,772 |
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7 TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the period ending 31 March 2024.
Trustees' expenses
There were no trustees' expenses paid for the period ending 31 March 2024.
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LEHISVADA Notes to the Financial Statements (continued) Period ending 31 March 2024
| 8 TANGIBLE FIXED ASSETS IT Equipment Cost £ At 1 April 2023 1,189 Additions 2,567 At 31 March 2024 3,756 Depreciation At 1 April 2023 392 Charge for the period 1,110 At 31 March 2024 1,502 Carrying amount At 31 March 2024 2,254 At 31 March 2023 797 9 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other creditors Accruals and deferred income |
Fixtures and fittings £ - 310 310 - 78 78 232 - 2024 £ 5,249 900 6,149 |
Total £ 1,189 2,877 4,066 392 1,188 1,580 2,486 797 2023 £ 4,527 540 5,067 |
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10 RELATED PARTY DISCLOSURES
There were no related party transactions for the period ending 31 March 2024.
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