CHABAD LUBAVITCH OF TRAFFORD TRUSTEES, REPORT AND ACCOUNTS FOR THE YEAR ENDED 22 SEPTEMBER 2023 Charity No: 1200475
CHABAD LUBAVITCH OF TRAFFORD INDEX TO THE ACCOUNTS CHARITY DETAILS TRUSTEES. ANNUAL REPORT INDEPENDENT EXAMINER'S REPORT STATEMENT OF FINANCIAL ACTIVITIES BALANCE SHEET NOTES TO THE ACCOUNTS
CHABAD LUBAVITCH OF TRAFFORD CHARITY DETAILS CHARITY NUMBER 1200475 TRVSTEES Lewis Rabbi Dovid Yaakov Simon Eliezer Gary Paul Glickman BANKERS Natwesl plc PRINCIPAL OFFICE 7 Bams Place Hale Barns Irincham WA15 OHP England Page 1
CHABAD LUBAVITCH OF TRAFFORD TRUSTEES, REPORT ON THE ACCOUNTS FOR THE YEAR ENDED 22 SEPTEMBER 2023 The trustees present their report of the charity for the financial period starting 23 September 2022 and ending 22 September 2023. Charf details The details of the charity are given on page 1. Structure overnance and mana ement Chabad Lubavitch Of Trafford is a CIO that was established on 23rd September 2022. The charity hag three trustees.. Mr Gary Glickman Rabbi Eliezer Simon Rabbi Dovid Lewis Ob'ectlves and activities The objects of the charity are to advance and promote the Orthodox Jewish faith within the Trafford Metropolitan Borough of Greater Manchester, through pastoral care, public celebration andlor distribution of items related to religious lestivals. and public education in the Orthodox Jewish faith by providing facilities for the study of and instructions in Jewish religious texts. teachings, customs and Pfactices of the Orthodox Jewish faith,. and to provide the relief of financial hardship through the provision of items, financial and practical assistance to persons of the jewish faith located within the Trafford Metropolitan Borough which they could not otherwise afford through lack of means. Achievements and erformance We are pleased to be marking the completion of our first formal year as a registered charity. Throughout this period12022-20231, we have made significant progress in fulfilling our charitable aims and objectives, which revolve around promoting Jewish obseNance, educatlon. and social support. Our activities encompass both religious and spiritual services a5 well as cultural and social initiatives. These include. but are not limited to, youth activities and hands- on workshops, one-to-one le8rning, Bar mitzvah instruction, group classes, Shabbat and Festival Dinners, and personally delivered gift bags for the upcoming Jewish festivals throughout the year. In the period from 23 September 2022 to 22 September 2022, the Charity received £56,834 in charitable income and had £54,331 of charitable expenditure. As of the 22 September 2023, the unrestricted reseNes of the Charity were £2,503. In the opinion of the trustees, the funds of the charity are suff icient for its purposes. Ftu[ana The trustees plan to continue to increase the charity's current actlvities and proir8mmes. Public bgngfit In setting objectives and planning for activities, the Trustees have given due consideration to gener81 guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity IPB21'. contlnuod Page 2
CHABAD LUBAVITCH OF TRAFFORD TRUSTEES. REPORT ON THE ACCOUNTS FOR THE YEAR ENDED 22 SEPTEMBER 2023 ststement of Trustees. res onsibilities The Trustees are required under the Charities Act 2011 to prepare the Trustees, report and the financial statements for each financial period which give a true and fair view of the state of affairs of the Charity and of its results for that period. In preparing these financial statements, th8 Trustees are required to.. lal select suitable accounting policies and apply them consistently., Ibl observe the methods and principles of the Charities SORP IFRS 1021; Icl make judgments and accounting estimates that are reasonable and prudent. Idl state whether applicable UK Accounting standards IFRS 1021 have been follovwed. subject to any material departures disclosed and explained in the financial statements,. lel Prepare the financial statements on a going concern basis unless il is inappropriate lo presume that the charity will continue in operation. The Trustees are responsible for keeping adequate accounting record5 that are sufficientto show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financi81 position of the Charity and enable them to ensure that the finallcial statements comply with the Charities Act 2011. the ChArity IAccounts and Reportsl Regulations 2008 and the provisions of the CIO Foundation Constitution. They are also responsible for safeguarding the assets of the Ch8rity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees, annual report was approved by the Trustees on 22nd July 2024 and signed on their behalf by.. Mr GaryGlickman-Trustee Page 3
CHABAD LUBAVITCH OF TRAFFORD Inde endont examiner's re ort to the trustè of Chabad Lubavltch Of Trafford I ieport on the a¢¢ounls of the charity for the year 23 September 2022 to 22 September 2023. which are sel out on pages 5 to 9. Respective responsibilities of trustees and •xarniner The charity's Iruslees are responsible for the preparation of the accounts. The charity's Iruslees consider that an audit is not required for this year under section 144121 of the Charities Act 2011 {Ihe 2011 A¢tll and that an independent examination is needed. The charity's gross income does not exceed £250,000 and l am qualrfied to undertake the examination by being a qualrfied member of ACCA. It is my responsibility to: examine the accounts under section 145 of the 2011 Act., to follow the procedures laid down in the General Directions given by the Charity Commissioners under section 145151{bl of the 2011 Act,. and - to state whether particular matters have come lo my attention. Bosis of independent examingrs. report My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusu81 items or disclosures in the accounts. and the seeking of explanations from you as tnjstees concerning any such mallers. The procedures Undertaken do not provide all the evidence that would be Tequired in an audit. and, consequently, no opinion is given as lo whether the accounts present a 'lrue and fair view, and the report is limited to those matters set out in the slatemenl below. Indgpendent examlners. statement In connection with my examinatson, no matter has come lo my attention.. which gives me reasonab19 cause to believe that, in any material respect, the requirements.. (al lo keep accounting records in accordance with section 130 of the 2011 Act., and {bl lo prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act have not been mel.. or lo which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Bennett Verby Limited Chartered Certified Accountants 7 St Petersgale Stockport SK1 1EB Dale 22nd July 2024 Page 4
CHABAD LUBAVITCH OF TRAFFORD STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 22 SEPTEMBER 2023 Ygar4nded Year4ndod Year-ended 22-Sg Notes -23 22-Se -23 22-Se -23 Restricted Unrestricted funds funds Total funds INCOMING RESOURCES Donations and legacies Charitable activities Grants received Total income 49,077 1,616 6,141 56,834 49,077 1,616 6,141 56,834 RESOURCES EXPENDED Costs of charltable actlvltl•$ Aclwilies and programmes General administmtion Totsl ex enditure 10,888 43,443 54,331 10,888 43,443 54,331 Reconciliatlon of funds Net Income for thg year Ngt movemenl in funds 2.503 2,503 Total lunds brought fOard Total funds carTied forward 2,503 2.503 The statement of financial acts'vilies includes all gains and losses recognised in the period All income and expendTture derive from continuing activities. Page 5
CHABAD LUBAVITCH OF TRAFFORD BALANCE SHEET AS AT 22 SEPTEMBER 2023 Year4nded 22-Se -23 Notes Currrent assets Bank PAYE 4.164 119 4,283 Creditors: amounts falllng dug wtthin one year Nel wages 1,780 1,780 Net current •sets 2.503 Total assots less current Ilabllltles 2,503 Funds oflhe charlty Reslricled income funds Unreslricled income funds Total charity fvnds 2.503 2,503 Approved by the trustees on 22nd July 2024, and is signed on behalf of them all. Mr Gary Glickman- Trustee Page 6
CHABAD LUBAVITCH OF TRAFFORD NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 22 SEPTEMBER 2023 {11 A¢¢ounting poli¢ieg Charity infomiation Chabad Lubavitch of Trafford is a Charity regi$tfjred wlh the Charity Commission. 1.1 Basis of prèparaJon of accounts and accounllng convention. The accounts have been prepared on an a¢crualg basis. The accounts have been prepared in accordance with the charity's goveming document, wth applicable United Kingdorn Accounting Stsndards (United Kingdom Generally Accepted Accounting Pra¢ti¢el, wilh'Accounting and Reporting by Charities." Slalement of Recommended Practice applicable to ¢harilie5 preparing their accounts in accordance with the Financial Reporting Standard appli¢able in the UK and Republic of Ireland (FRS 1021, las amended for accounting periods commencing from 1 January 20161 and wth the Charities Act 2011, which have been applied ¢onsislenlly lexcept as othetwse slaledl. The ¢hafity is a Public Benefit Entity as defined by FRS 102. The accounts are prepared in slerfing, which is the functional currency of the ¢harity. Monetary amounts in these financial statements are rounded lo the nearest £. The accounts have been prepared under the histori1 cost convention. The principal accounting policies adopted are set out below. 1.2 Accounting period The chanty was registered on 23 September 2022. These accounts cover the period from that dale to the first year end 22 September 2023. 1.3 Incom• Income is recognised when the charity is legally enlilled to it after any performance conditions have been met, the amoun15 can be measured reliably, and il is probable that InMe will be reeeived. Voluntary income and donations received in cash are accounted for as received by the charty. Other donations are recognised once the charty has been notified of the dtsnalion. unless perfomiance conditions require deferral of the amount. Income tax recoverable in relation to donation$ ceiVed under Gjft 'd or deeds of Covenant 13 recognised the time of the donation. 1.4 Costs of charltsble a¢tlvltle$ The costs of chanlable activities indude$ all expentjrture directly related to the ¢harilable aetivily and fundraising ventures. 1.5 Re$trb¢t•d funds Restricted funds are lo be used for specifi¢ purposes as laid down by the donor. Expenditure which meets these criteria 15 charged to the fvnd. Further details are given in the notes to the accounts. 1.6 Unrestrictsd funds Unrestricted funds aTe donations and othor inming resources receivable or generated for the objects of the Charity wthoul further specified purpose and are available for general fvnds. Page 7
CHABAD LUBAVITCH OF TRAFFORD NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 22 SEPTEMBER 2023 (1) A¢¢ounting policies 1.7 Cash and cash aquivalonts Cash and cash equivalents include cash in hand, deposits held al call vAth banks, and bank overdrafts. Bank overdrafts are shown within borrowings in Current liabilities. 1.8 Critical accounting estlmat•s and judgements In the applicats'on of the charity's accounting policie$. the Trustees are required lo make judgernenls, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated 3$sumplions are based on historical experience and other factors that are ¢onsidered to be relevant. Actual results may drffer from these estimates. The estimates and undedying assumptions are reviewed on an ongoing basis. Revisions lo accounting estimates a recognised in the period in whi¢h the estimate is revised where the revision affects only that period. or in the period of the revision and future periods where the revision affects both current and future periods. {21 Income from donations andlogacies 2023 Donations 49,077 131 Income from charitable activities 2023 Educational services 1,616 {41 Grants recalvgd 2023 Grants received 6,141 Page 8
CHABAD LUBAVITCH OF TRAFFORD NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 22 SEPTEMBER 2023 IS) Costs of ¢lMritabl• actlvltlès Actlvld88 and General programm88 administratlon Total 2023 Youth activities & adult education Counul tax Rent 10.886 10,888 2.115 15.700 3,965 2,123 320 19,220 54.331 2,115 15,700 3,965 2,123 320 19.220 43,443 Motor and travel Maint8nanc8 Wages 10,888 16) Movemènts In fvndts Balan¢0 at 2210912022 Gift Aid Allocation Funds $•nt ¢>ut Balance at 2310912023 In¢om• Donauon purpose Unre$tncted fund5 56,834 154,3311 2.503 Total funds 56,834 54.331 2.503 171 Rglated party and trust•• transactions No trustees, nor any persons connected to them, have received any remun8ralion or 84)ense$, and there have been no lated paty tran$a¢tions. 1813taff costs 2023 Wages and salanes 19.220 19,220 Average number of full lime employees There were no employee5 %*ith emoluments above £80,000. {91 Key managemant r8nn#1 componsat5on 2023 Wag88 and salari•s in total of key personnel 16.700 Pa9e 9