CHARrrY REOISTRATION NUU8EA: 1201050 Kupat Chaim V'chesed Unaudited Financial Statements 31 August 2024 BRINDLEY GOLDSTEIN LIMITED Chartered accountants 103 High Street Waltham Cross Herts FNA 7ANI Kupat Chaim V'chesed Flnanclal Slalements Year ended 31 August 2024 Page Trustees, annual report Independont examinels report to the trustees Statement ol financial activities Statement of financial posltion Statement of cash flows Notes lo the financial statements Kupat Chalm V'chesed Tru$io0$' Annual Report Year ended 31 August 2024 The Irusl8es present their report and th9 unaudited financial statements ol th8 charily lor th8 year ended 31 August 2024. Reler•nce and admlnlstrallve detslls eglstered charlty name Kupal Chalm v'cl￿sed Charlty rgglslratlon numbor 1201050 Principal office 51 Casllewood Road London N166DJ Th• truslw$ Moishe Halb8rstam Avraham Yghoshua DavKlovlz Adam Schonleld Independent examlner Charley Gc4dst8in FCA 103 High Street Waltham Cross Herts EN8 7AN sirueturt¥ g•vornance and management Kupat Chalm V'chesed is a Charftable Incoy*rated Organi$ation, rvJistered wth the Charfty Commlsslon and ￿verned by its conslrttJt*Jn dated 17 Nov8mb8r 2022. Rgcrullment and appolntment of nttw Irust••8 It is not ￿rrendY the Snlenllon ol the trustees of the chaiity to appolnt nèw trustegs. Shoubj this situation chaThJe in the hjturg. the tsuslees Mll appty suitable recruilm9nl and Iralning procedures. lated partles Relalgd paty disclosures are made in the notes to 1hg15nanc1￿ statements. Kupal Chaim V'chesed Trustees, Annual Report (¢onllnu•d) Year ended 31 August 2024 Oblecllvos and acllvltles Th9 purpose ol the chartty 45 sel oul in ils govemino document datèd 17 Novemb&r 2022. The charity was Gfgated in order lo provkle 8ducation. I￿ning and religious actiwties and to help préwnl and rolieve poverty in England, Wales and Wodthvide, in add￿on the fun(Jing and supportlng or any synagc*Jue ol the Orthodox Jewsh Faith. charivs aim is the advancernent ol 8thcation and the provisK)n of the Jes￿sh faith in accordance th Orthodox Jewish Faith lor Orthodox Jews and for the benefit of the public throughout Eroland, Wales and Work*¥ide. Publlc Benoflt The trust8es ￿nfIrM th8lr COM￿lanCe Mth the duty to have r&3ard lo the Public Benefit guidanc$ published by the Charity Commission when reviewing the Charitys aims and objectives in planning luture actiwlies. Achi•vem•Thts and pertormanco Durir¥J the year und&r roview, the charity received donations arnounlSng lo £758,45512023: £343.7881 and made tharitable tontrbutions tolalliro £745,881 12023.. t331.9801. Fln*neial rovlew Thè irustees rel￿n resetv8s as neeessary and wh8r8 aFpropriate, CO￿oI￿a* funds Sn older lo make more substanlld grants whlch they deem to be apycprfate. Reservos pollcy Th9 charit￿$ reserves policy 13 lo hokl sufficient unreslricled funds to meet Ihe ongoing linancl obligation and charitable oommitsmenls lor the period of a month. Plans for future pertods No chaThJgs are envkgaged forth6 fthure. The trustees, annual reFQrt was approved on 28 Novemki 2024 slgned on behalf ol the b)ard ol trustees by.. Moishe Halb&rstam Trustee Kupat Chalm V'chesed Independent Examiner's Report lo Ihe Trustses of Kupal Chaim V'chesed Year ended 31 Augusl 2024 I report to 1he tnjstges on my examlnalion of the linancral sta19mgnts of Kupat Chaim Vchesod ch*ily) lor the year erKknI 31 August 2024. Re8pon81bllllle8 and ba$1¥ of report As the Iruslees of the chafty you are responsible lor Ihe preparation of tho finar￿la1 statements in a¢cordanGg wlth thg requifem8nts ol the Charities Act 2011 Ilhe Act'l. I report In respect ol my èxamination of the charlvs Ilnanclal statements earned oul under sedion 145 ol the 2011 Act and in carrying out my examination I have followed all Ihe applicabl8 Dlrections given by the Chaitty Commission undgr $￿tIOn 14515llbl ol the Act. Independent ex•min•r's slatsm•nt Since the charl￿5 gross incom8 gXCe8dgd £250,000 your exarniner must be a marnber of a body listed in seclion 145 01 the 2011 Ad. I confirm that l am quafilied lo undertakg Ihe examination because l am a membpr of the Inslltule ol Chartered Accountants in England and Wales IICAEWI. wh￿h is on8 of the listed lJodEs. I have completed my examination. I confirm that no matèrial mattgrs have come lo my aitenlion In connection vthh th& examination giving me cause to b8li8vè that in any materil respect.. accounting records were not kept In iespecl of the charity as required by section 190 of th Act; or the linancial sta19mgnls do not accord wlh th088 rècords; or tho financial slalemenls do not CoM￿Y with the ￿p￿￿able requirements ¢onoerning the form and conlerrt ol accounts $9t out in the Charities IAccx)unts and Raportsl Regulations 2008 other than any requirement that the accounts give a 'lrue faiff ¥1￿ which is mt a matter considèred as part ol an independent examination. I hav8 no concerns and have come across no other matters in connecllon wth the examination lo which attontion should be drawn In thls report Sn OTd81 lo ènable a proper understandiThJ ol thè aeeounts to be reached. Charles Goklstein FCA InLl8pendent Examlner 103 HMJh Street Wallham Cl￿8 Herts EN8 7AN 28 Novembèr 2024 Kupat Chaim V'chesed ststement ol Flnanclal Actlvltles Year ended 31 August 2024 2024 Unrestricted funds Totsl funds Total funds 2023 Not• Income and endowm8nts Donallons legacies Totsl Incomo 758,455 758.455 758,455 758,455 Expondllure Expenditure on charitable activities Total expendlture 754,351 754.351 754,351 334,892 334,892 754.351 Net Incom• and net mov￿n￿nI In funds 4,104 4,104 8,896 R8Concll￿U￿n ol lunds Totd funds brought lotward Total funds carTled forwanl 8,896 8,896 13.000 13,000 8,896 The statemeni of linanc#al activities inclLKles all gains and losses re¢￿JniSSd in lh& year. All incom8 and 8XPgndilure dgrivè from ¢ontinuing aclSvllles. Thg not￿ on pag•$ 7 to 11 lomi p•rl ol IhKe fknanclal st•t•m•ni& Kupat Chaim V'chesed Statement of FInanc￿l Posltlon 31 Augusl 2024 2024 2023 Not• Current *￿ts Cash at bank and in hand 13,900 8,896 Credltors: amounts tslllng due wlthln one year Mèt current a￿81¥ 10 900 13.000 8,896 Total as¥sl$195s cuTront Ilabllltles 13,000 13,OlXI 8.896 Net assets 8,896 Funds of the charlty Unrestricted lund5 13,0 13,000 8,896 Tolal ¢h•rity funds 11 8,896 Thes8 linan(aal stalernonts wer8 approved by the board ol trustees and aulhorised for Issue on 28 November 2024, ar￿ are signed on behalf of Iha board by.. Moishe Halberslam Trustee Tho notss on pago$ 7 to 11 forni part ￿ t￿8• fln•n¢l•l 8tatement& Kupat Chalm V'chesed Slatement of Cash Flows Year ended 31 August 2024 2024 2023 Co¥h flows from operatlng aetivlllgs Nel income 4.104 8,896 Adiusiments for.. Intsresl payable and similar charges Accrued expenses Cash generated from operatlons 38 5,040 8.896 Interest paid Nel cash from operatlng activhle$ 1361 5,004 8,896 Nel Incr9•8e In cash and cash equlv•l•nts rA$h and oash wulvalents at beglnnlng of wr Ctsh and tash 8quival•nls at •nd of year 5,004 8,896 8,896 13,900 8,896 The notes on Pag￿ 7 to 111orni part of th•B• financlal sthtemènts. Kupat Chaim V'chesed Notes lo Ihe Flnanclal Statemenls Year ended 31 Augusl 2024 G•nwal inlormatlon The charty is a public bgnelil entity and a registered charity in Englth aThJ Walès and is Jn..￿WOrPorated. The address of the prinrypal off￿ is 51 CastlewDod Road, London. N16 6DJ. I Statomgnl of Mmplianc• These financid slalgm8nls have been prepared in com￿sanCe with FRS 102, 'The Financlal Reportlng Standard applicable in the UK and thè RewNic of Ireland,, the Statement of Recommended Practice applicable to charrties preparing their accounts in accordance with the Financial RePO￿.r￿j Standard 84)pli¢able in the UK and Repubjic DI Irelarbd IFRS 1021 (Char￿e$ SORP IFRS 10211 and the Charili8s Act 2011. Accounllng pollcl Ba$1$ ol pr•paration The financial statements havg beon prepared on tho hi5tOTlcal cost bads, a5 modvled by the revaluation of certain linanciai assèts and liabilit￿8 and inve5trnent prO￿rtIeS measured al lalr valu& through in¢omg or expeThJllure. The finandal slalements are prepared in sterling. whlch18 the lunctbnal eurrerw ol the anlty. Golng coneern There are no material uncertainl￿S at￿1 the chartys abilityto continue. Judgenxnts and key sources of estim•tlon uncertalnty T￿re are no judgements and estlmates. Fund accountlng Unrestricted lunds are available for use at the discretion of tha trustoes to lurthgr any of thg ¢harills purposes. Designated funds ar8 unr&slricted lunds earmark&l by the trustees lor particular futura project or commitment. RgStri¢tod luDJs are subjected to restrictlons on Ihelr eX￿r￿Altur0 L*clared by the donor oi through the terms of an appgal, and fall into one ol tWQ sul>classes.' restrioted income funds or endowment futThts. Kupal Chaim V'chesed Notes to the Flnanclal Slatements f¢oniinwdJ Year ended 31 August 2024 A¢countlng pollcles (contynwrfl Incomlng r•8oufCOS All incoming resources are includgd in Ihg Stat&menl ol financial a¢liwfjgs ￿en entillemenl has passed to Ihg charity.. it is probable that the economic bgnelils associated wNh Ihg transaction I￿11 Ibw to thè charity and the amount can be reliaL4y measured. The folbwing specific wlicies ara applied to particular categories ol Income- Income from donations or grants is recognlsed ￿en there Is evldènce of entitlemgnl lo lh8 gift, recelpl Is F¥obable and ils amount can be measured reliably. legacy income is recognlsèd whèn receipt is probable and enlrtlement IS 8Stthished. income From dtsnaled ￿9￿$ is measured at the far valuè ol the goods unless this Is Impractical lo measure reliat4y, in which case the value is dèrived from the ¢osl to the (knnor or the esttmaled rèsale value. Donated facllities and servlces are recognlsed in tha accounts when received M the value can be reliably measured. No amoums are Includ￿ for the contributK)n ol genèral volunteers. inetsme from ¢onlracts for the supply ol $8Mces is recr>Jnlsed wilh the delivery ol the contracted service. This is dassified as unrestdcted funds unlgss there is a cgntracltsal r8quir8menl lor it lo be spent on a Pa￿￿[ar pury￿se and returned il unspent, in which casg il rnay be regarded as reslrlded. Resour￿$ oxpended Exp&ndituro is re¢ognised on an accruaL% basls as a Ilablllty is incurred. Expendlture Includes any VAT which cannot be lully recovered, and is classiliad under headings ol the statement of Ilnandal actNit￿S to which il rektes.. expendrf(ure on raisiry lunds includes the costs 01 all fundrwsing advhies, events, non- ¢harilable trad￿￿ activtbes. and the saie ol donated ooods. 8xperKliture on charitable activities includes all costs incurred by a Charty In undertaking atllvltles that further ils charitable aims lor the benefit ol its bgn8liciaries, includlng thosg suwort costs and costs relating to the governarKe of the chaty app(Mlloned to charitab activ￿8s. olhgr gxpgndilure Includes all expendllure thal L8 neither related lo raiwng funds for the charity nor part of its •xp&nditur8 on charitabl8 activrfies. AII costs are allocated lo gxpgndiiure categories relK8CtiThJ the usg ol the resource. Direct costs attributable to a single actbvity are ￿locAted directly to that actl￿ty. Shared costs are apFOrtioned bohyeen the actlvitSès they contribute to on a reasonable, justifiab￿ and consistent basis. Flnanelal In￿r￿MentS A flnanclal asset or a financi￿ Ilabllty is r8coonlsed only when tha chartty bgcomes a paty lo the contractual provisions ol the inslrumenl. Bas￿ linan¢ial instruments are initially T9￿gnised at the amount reCe￿abl0 or payable including any relat￿ transactlon eosts. Kupat Chalm V'chesed Notes to the Flnanclal Slatemenls (Mnthwdj Year ended 31 August 2024 Accountlng poll¢les f¢wthwd) Flnan¢lal Inslwmenls Current as$91s and current Ilabilllles are subse¢wently measured ai the ¢ash or other Consideration expected to be paid or rfj¢givod and not discounlèj. Debt instruments are subsequ&nUy m$asured at amortised co51. Where investmgnts in shares are publicly tradgd or theSr lalr value can othen¥tse be measured rellably, the Investment is subsequently measured al far value with ¢hang95 in fa51 value recognised Sn Income and expendituro. All other such investments are subsequently measured at st195s iM￿rMenL Other linanclal instruments. inclLKliThJ dorivatives. are Initially recognis8d al lalr value. unless payment lor an assat is def8rr8d beyond normal business terms or fSnanced al a rate of Interest that is not a malkel rate. In which case the asset is measured al the present value of the fulure payments discounted at a martet ratè of interest lor a similar debt instrumenl. Olhei linanclal instrumènts are subsequently Measured at falr valve, wth any changes recognised in the slalemenl ol financial activiti9S. Wth Ihg exception of hgdgino instruments in a d68ignated he(13iro relationship. Financjal ass8ts that are maasured al cost or amortised cost are revlewed lor objeclNe evidgnce ol impaFrmenl at the eTrJ ol each repo￿ng dale. 11 there is objective evidencè ol impwmient, an impaim)enl loss is recognised under Ihg appropriate heading In thè statement ol financl aeIN￿eS in whth the initial gain was recognised. For all equity instruments iegardless ol signifi¢anc9. and other financial assets that ar8 IndivKJually signi￿nI. these are assessed Indiwdualty for impaimienl. Other fina￿la1 assets ar grther assessed SndivTdually or grouped on th8 basis ol similar credtt risk tharacterfstics. Any reversa15 ol impaimipnt arg recognlsed immedialety, to thè exlenl that the reversal does not result in a Carl￿n0 amount ol th8 financial ass81 that gx¢oeds what the carrySwJ amounl wrjjld have been had Ihe impairment not previously beèn recognised. Donatlom and legaele# Unrestricted Total Fund$ Unrestricted Total Funds Funds Funds 2023 Dor•llDn* Donatlons 758,455 758.455 343,788 343,788 ExpendSturo on charltable aetl¥Stle¥ by lund typo Unrestricted Total Fund$ Unrestricted Total Funds Funds 2024 FuThJs 2023 Charitablè aetivilips Support costs 745,881 8.470 745.881 8,470 754,351 331,980 2.912 33t,980 2.912 754.351 334.892 334.892 Kupal Chaim V'chesed Notes to the Flnanclal Statements (¢Qnth1￿éj Year ended 31 August 2024 Expendlture on charitable activili88 by •¢tfvty type Activitios undertaken direcdy Support costs Total lund$ 2024 Total luThJ 2023 Charllable activities Govemance costs 745,881 745.881 8,470 754,351 331.980 2.912 8.470 8,470 745,881 334.892 Indopond•nt examinaiion fee$ 2023 Fees payable lo the independent examiner lor.. Independent examination of the Ilnancial slalem&nts 900 Staff costs The avgrage head count ol employees duriThJ the year was Nil12023.. Nill. No employee recelved employee benefits ol moro than £60,0(Q during th8 year12023.. Nill. Trw$t•• r•Mun•1￿￿0n and •xponses There were no trustees, iemuneration OT oth8r bonefits during tho y9ar gnded 31 August 2024. Therg Wgre no Irustses, expenses for durirKJ Ihg ygar 0￿18d 31 August 2024. 10. Cv•ditors: amount$ falllng due within on* y 2024 2023 A¢cruafs and deferred Ir￿ome 9)0 Kupat Chaim V'chesed Notes lo the Flnanclal Stalements {contIn￿d) Year ended 31 August 2024 11. Analpls of charitable lunds Unr88trfcted fund8 At I September 2023 At 31 August 20 24 Income Expendllure General funds 8,896 758,455 {754,3511 13,000 At 1 September 2022 At 31 August 20 23 Income Expendllure General funds 343.788 (334,8921 8,896 11 AMIyg1$ of net assets b•twon fund8 Unreslricled Total FurKIs Funds 2024 CUr￿n1 assets Creditors less than 1 year 13,900 19001 13.000 18.900 19001 13,000 Unrestrthd Total Funds Funds 2023 Current a55ets Creditors less than 1 year Not aS8ets 8,896 8.8 8.896 8.896 13. Analys1$ of changos in ngt debt At 1 Sep 2023 Cash flows 31 Aug 2024 Cash at bank and in hand 8,896 5.004 13,900 11