2024-12-31-accounts - Chabad Of West Hampstead Limited

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Chabad of West Hampstead Limited

Annual Financial Statement and Trustees’ Report

Year Ended 31 December 2024

Registered Charity Number: 1201417

Registered Company Number: 13814253 (England & Wales)

Chabad of West Hampstead Limited Annual Financial Statement and Trustees’ Report Year Ended 31 December 2024

Table of Contents

Table of contents	1
Charity Information	2
Trustees’ Annual Report	3-4
Report of the Independent Examiner	5
Statement of Financial Activities	6
Statement of Financial Position	7
Notes to the financial statements	8-10

Chabad	of West Hampstead Limited
	Charity Information
Registered Charity Number:	1201417
Registered Company Number:	13814253
Legal form:	Charitable company limited by guarantee
Trustees:	David Cass (chair of trustees)
	Chana Cass
	Dov Yitzchak Katzel
Independent Examiner:	1g Accountants
	Churchill House
	137-139 Brent Street
	London
	NW4 4DJ
Principal Address:	72 Charteris Road
	London
	NW6 7EX

Chabad of West Hampstead Limited Trustees’ Annual Report

The trustees of Chabad of West Hampstead Limited (‘the Charity’) present their annual report and financial statements for the year from 1 January 2024 to 31 December 2024.

Constitution and objectives

The Charity is a Charitable Company, registered by the Registrar of Companies in England and Wales as company number 13814253, and registered with the Charity Commission on under registration number 1201417. It is governed by its articles are association dated 21 December 2021.

Under that constitution, the Charity’s objectives are the advancement of the Jewish Orthodox faith, religious education and relief of poverty and infirmity. During the year, the charity achieves its objectives both by making financial grants to partner organisations.

Trustees

The following trustees served throughout the financial year and to date:

David Cass Chana Cass Dov Yitzchak Katzel

Appointment of Trustees is governed by the Constitution of the charity. The Board of Trustees is authorised to appoint new Trustees to fill vacancies arising from resignation or death of an existing Trustee. Trustees are provided with an induction upon assuming their role. Trustees act as directors for the purposes of company law.

Achievements and performance and public benefit

During the year, the charity disbursed a grant of £1,000 to 1 individual for the purpose of relief from hardship (2023: £10,000 to support the establishment of a not-for-profit children’s nursery operated by Gan Yeladim Ltd.).

The trustees have had regard to charity commission guidance on public benefit in the activities of the charity and in particular in making grant decisions.

Future Plans

The trustees intend to continue grant making activities on a similar scale to activities reported in these financial statements, as well as to hold some religious and educational activities.

Chabad of West Hampstead Limited Trustees’ Annual Report (continued)

Financial Review

During the year income was £141,904 (2023: £59,678), expenditure was £79,682 (2023: £143,531), and the resulting surplus was £62,222 (2023: £83,853 deficit). The accumulated funds as at 31 December 2024 was £148,657 (2023: £83,435).

Reserves policy

The trustees have adopted a policy to always maintain funds of £10,000 to meet any urgent needs. The charity’s funds at the year end was a surplus of £148,657, which exceeded this requirement.

Statement Of Trustees Responsibilities

The trustees acknowledge their responsibility for preparing the Trustees’ Annual Report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice)

The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources for that year. In preparing the financial statements, the trustees are required to

Select suitable accounting policies and then apply them consistently;
Observe the methods and principles in the applicable Charity SORP;
Make judgements and estimates that are reasonable and prudent;
State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, applicable Regulations, and the provisions of the constitution. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by the trustees on 30 October 2025 and signed on their behalf by

Dov Yitzchak Katzel

Trustee and director for the purposes of company law

Chabad of West Hampstead Limited Independent Examiner’s Report to the Trustees Year Ending 31 December 2024

I report to the charity trustees on my examination of the accounts of the Charity for the year ended 31 December 2024.

Responsibilities and basis of report

As the charity’s trustees of the Company (who are also the directors of the company for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (“the 2006 Act”). Having satisfied myself that the accounts of the Company are not required to be audited for this year under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (“the 2011 Act”). In carrying out my examination, I have followed the Directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act.

Independent examiner’s statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

Accounting records were not kept in accordance with section 386 of the Companies Act 2006; or
the accounts do not accord with the records kept pursuant to the 2006 Act; or
the accounts do not comply with the relevant accounting requirements under section 396 of the 2006 Act other than the requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination; or
the accounts have not been prepared in accordance with the Charities SORP (FRS102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached

1g Accountants

Shaya Grosskopf FCA 1g Accountants Chartered Accountants Churchill House, 137-139 Brent Street London NW4 4DJ

30 October 2025

Chabad of West Hampstead Limited Statement of Financial Activities

For the Year Ending 31 December 2024

Note Income Donations, legacies and grants 2 Investment income Total income 2 Expenditure Expenditure on charitable activities 3 Governance costs 3 Total expenditure 3 Net (expenditure) / income and net movement in funds for the year Reconciliation of funds Total funds brought forward Total funds carried forwards		Unrestricted Funds 2024 £ 141,900 4 141,904 78,722 960 79,682 62,222 86,435 148,657		Restricted Funds 2024 £ - - - - - - - - -	Restricted Funds 2024 £ - - - - - - - - -	Total Funds 2024 £ 141,900 4 141,904 78,722 960 79,682 62,222 86,435 148,657	Total Funds 2023 £ 59,677 1


							59,678 142,361 1,170
							143,531
							(83,853)
							170,288 86,435

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

Chabad of West Hampstead Limited Statement of Financial Position

As at 31 December 2024

Note Current Assets Debtors 4 Cash at bank Total Current Assets Liabilities Creditors falling due within one year 5 Net current assets Total assets less current liabilities Net assets Charity funds Unrestricted (deficit) funds Restricted funds Total (deficit) funds carried forwards		Total Funds 2024 £ 74,940 75,577 150,517 (1,860) 148,657 148,657		Total Funds 2023 £ 19,650 72,685
				92,335 (5,900)
				86,435 86,435
		148,657 148,657 - 148,657		86,435
				86,435 - 86,435

For the year ended 31 December 2024 the company was exempt from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibility for complying with the requirements of the Companies Act with respect to accounting records and the preparation of accounts.

The notes at pages 8 to 10 form part of these accounts.

Approved by the trustees on 30 October 2025 and signed on their behalf by:

Dov Yitzchak Katzel

Trustee and director for the purposes of company law

Registered Company Number: 13814253

Chabad of West Hampstead Limited Notes to the Financial Statements Year ending 31 December 2024

1. Accounting Policies

(a) Basis of preparation and assessment of going concern

The legal form and address of the Charity are presented in the charity information on page 2.

The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value. Financial amounts are presented to the nearest £ which is the functional and presentation currency of the Charity. The financial statements have been prepared in accordance with the second edition of the Charities Statement of Recommended Practice issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.

The Charity constitutes a public benefit entity as defined by FRS 102.

The Charity qualifies for and has taken advantage of the exemption for smaller entities from preparing a cashflow statement.

(b) Income

Income is recognised when the Charity has entitlement to the funds, any performance conditions attached to the item of income have been met, it is probable that the income will be received, and the amount can be measured reliably.

(c) Expenses

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 settlement will be required and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accruals basis. All expenses including support costs and governance costs are allocated or apportioned to the applicable expenditure headings. For more information on this attribution refer to note (1e) below.

(d) Taxes

As a charitable company the Charity is exempt from income taxes.

Irrecoverable VAT is charged against the expenditure heading for which it was incurred.

(e) Allocation of costs

Governance costs comprise all costs involving the public accountability of the Charity and its compliance with regulation and good practice.

Other support costs include other administrative expenses associated with the operation of the Charity are allocated between charitable and governance costs.

Chabad of West Hampstead Limited Notes to the Financial Statements

Year ending 31 December 2024 (continued)

(f) Going Concern

The trustees have elected to prepare the financial statements on the going concern basis on the basis of its accumulated unrestricted surplus fund.

2. Income

	Unrestricted Funds 2024 141,900 -		Restricted Funds 2024 - -


	141,900		-

	4		-
141,904 Unrestricted Funds 2024 53,546 24,176 1,000 78,722 960 960 79,682		- Restricted Funds 2024 - - - - - - -

Chabad of West Hampstead Limited Notes to the Financial Statements

Year ending 31 December 2024 (continued)

4. Debtors 5. Creditors due in less than one year Other debtors Accruals and income received in advance	2024 74,940 74,940 2024 1,860 1,860		2023 19,650 19,650 2023 5,900 5,900

Transactions with trustees and related party transactions

No trustee drew remuneration, expenses or obtained any benefits from the charity.

During the year the charity made no grant to of Gan Yeladim Ltd (2023: £10,000). David Cass is a director and shareholder of Gan Yeladim Ltd. During the year, the charity paid expenses of £24,176 (2023: £86,580) on behalf of Gan Yeladim Ltd. The total amount at the year-end owed by Gan Yeladim Ltd to the charity was £110,756 (2023: £86,580), which was interest free and repayable on demand. A provision for doubtful debt has been made against the full amount of the loan and accordingly the net amount of this loan included in other debtors is £nil (2023: £nil).

During the year, the charity paid expenses of £51,650 (2023: £99,893) of expenses incurred by Halev Ltd, and was repaid £13,172 (203: £65,930) by Halev Ltd. The balance at the year end of £72,440 (2023: £33,963) is included in other debtors as an interest free loan repayable upon demand. David Cass is a director and member of Halev Ltd, which is a UK registered charity.

Independent Examiner’s Fees

The independent examiner was paid £960 (2023: £900) in relation to the preparation and examination of the financial statements.