Repaying the kindness:
REPORT OF THE TRUSTEES UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024 FOR KEREN KLEI KOSDESH - 1205213
It is with immense gratitude that I present this fi rst Chair’s Report for Keren Klei Kodesh. In our inaugural year, we set out with a clear mission: to support our current and retired educators and leaders in their time of need. The response has been both humbling and inspiring.
Launching a new charity is no small task, and we are deeply thankful for the generosity, support and commitment of our donors, the dedication of our trustees, and the enthusiasm of our volunteers who have supported our vision. In just a short time, we have begun laying the foundations for meaningful impact: to ensure that those who dedicate their lives to strengthening our communities, have somewhere to turn to when they need it most. This brings our communities full circle. With continued support, we will grow our reach and strengthen our services. We will make a lasting diff erence to those who have given us the most, yet now, need us most.
Thank you for being part of this journey to bring our communities full circle.
Moses Schreiber
Keren Klei Kodesh was established to address the pressing needs of individuals and families within our community who are struggling to meet basic living essentials. Guided by the principles of compassion and dignity, we focus on alleviating fi nancial hardships among Jewish faith teachers and vulnerable families. By providing targeted support, including grants and resources, we aim to empower those in need to overcome challenges and focus on building better futures for themselves and their loved ones.
Leaving an indelible mark on the landscape of tomorrow. In our pursuit to empower Jewish faith teachers during life’s pivotal moments, we extend more than fi nancial assistance; we weave a fabric of support that enriches the entire community. Through each grant, we’re not just easing fi nancial burdens—we’re nurturing the seeds of tradition and knowledge that these educators plant in the hearts of the next generation. Our eff orts today are the foundation stones for a vibrant, enduring Jewish culture, ensuring that the legacy of wisdom, faith, and unity leaves an indelible mark on the landscape of tomorrow.
harsh reality underscores the importance of our work. Keren Klei Kodesh ensures that vulnerable families can focus on improving their circumstances without the constant worry of where their next meal will come from.
In addition to addressing immediate food insecurity, Keren Klei Kodesh broadens its impact by providing grants to individuals and organizations working to alleviate poverty. These grants aim to support those in dire need and empower organizations to implement sustainable solutions to reduce hardship in the community. By off ering this fi nancial assistance, we address a wider spectrum of challenges, ensuring that help reaches the most vulnerable and fostering resilience across communities.
Whether through providing grants, distributing food packages, or extending a helping hand, our work strives to uplift our community, ensuring no child or family is left behind.
Ahl OVERVIEW OF OUR PROJECTS: 000
Nourishing Those Who Nurture
Teachers shape our children’s futures, yet many struggle to put food on the table. Our charity stands by them, delivering weekly food parcels, regular meals, and special holiday distributions to ensure no educator, current or retired, goes hungry.
We provide weekly food parcels of purchased and donated food products to
and their families can celebrate the Chagim and the culture they help to preserve.
We provide holiday distributions of food and essentials, to enable
Every weekend and on religious holidays, we provide a warm and nutritious Shabbat or Holiday meal to:
In a joyous, yet overwhelming time, we have stepped in to support 30 postpartum educators- women who have dedicated their lives to nurturing, educating and inspiring others. Now, in their moment of vulnerability, we stand by them, ensuring that their newborns are nourished and cared for, just as they have nurtured countless others.
nappies is more than just a donation—it’s a commitment to repay kindness; it’s a promise that no new mother should feel alone; and it’s a guarantee that no baby should face neglect due to fi nancial hardship.
In extraordinary circumstances, when no other solution suffi ced, we stepped in with direct fi nancial support. Our monetary grants provided a vital lifeline to eligible individuals, ensuring effi cient and eff ective relief when it was needed most.
We are dedicated to supporting our teachers facing fi nancial hardship by providing them with essential appliances.
We refurbish donated appliances to extend their usability and, where necessary, purchase new ones to ensure that our educators receive functional and reliable home and kitchen appliances. Through this work, we facilitate our teachers in preparing warm meals, fresh laundry and clean homes. Through this work, we give back to those who have given so much to their communities.
laying the groundwork foundations for our charitable work. Our operations are still being refi ned to perform economically, effi cienctly and eff ectively. Where we lacked the operational system and framework, we partnered with other grassroot charities to provide our educators with specifi c, contracted services, in line with our charitable objectives.
When my husband lost his job it was a most challenging time for myself and my family. I couldn’t watch my children go to bed hungry. My husband was depressed and I felt so lost. Until KKK stepped in!
I’ll never forget the delight in my children’s eyes when they were once again served a hot nourishing meal. From one minute to the next my empty cupboards were fi lled with groceries. They helped my husband fi nd a new job and establish our family once again.
Mrs F.
I was a teacher for many years and due to medical crises I had to quit my job.
It was so humbling when KKK appoached me off ering the support I so much needed. Besides for the fi nancial aids they delivered they also extended their hearts. I had given so much of myself to the community and it felt so good to be appreciated. They are lifesavers!
Mr K.
1 to the fi nancial statements and comply with the charity’s governing document, and “Accounting and Reporting by Charities: 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)” (eff ective 1 January 2019).
These have been detailed in the accompanying pages.
During the year the charity generated income of £151,931 and incurred expenses of £130,856, resulting in net incoming resources of £21,075.
The charity ended the year with surplus funds of £21,075, of which £8,600 is unrestricted and £12,475 is restricted. The trustees are extremely pleased that this was achieved as we expected it to be diffi cult to rely on grant makers and foundations due to intense demand- as a result of the ongoing cost of living crisis. The ability to raise over £150,000 is largely due to our generous funders and donors who have been eager to support the launch of our charitable mission. We are indebted to these funders.
The trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and fi nances of the charity. The trustees are satisfi ed that suffi cient controls are in place to mitigate the exposure to these risks.
guidance on the requirement to provide public benefi t. The trustees have reviewed the access- toservices procedures with due regard to the Charity Commission’s public benefi t guidance and are satisfi ed that they meet the requirements.
The trustees believe that the charity is able to continue as a going concern.
The Trustees aim to hold free reserves at a level of between 3 and 6 months of general running costs. This is to protect the charity in the event that income is lower than anticipated, and to act as a buff er to protect services, in the event of a time- limited grant ending before having secured funding from a new source. At 31st October 2024, the free reserves were £8,600 covering running costs for approximately 5 months, based on the current year’s fi nancial activity.
true and fair view of the state of affairs of the charity and of the profit or loss of the charity for that period. In preparing those financial statements we:
Select suitable accounting policies and then apply them consistently;
- Make judgements and estimates that are reasonable and prudent;
the charity will continue in its activities.
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 2006.
prepared by Stamp It Ltd.
Signed on behalf of the board:
Moses Schreiber 28th February 2025
I report on the accounts of the Charity for the year ended 31 October 2024, which are set out on pages 5 to 7.
The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under the Charities Act 2022 (the 2022 Act)) and that an independent examination is needed.
It is my responsibility to:
- examine the accounts (under the 2022 Act);
· to follow the procedures laid down in the General Directions given by the Charity Commissioners (under the 2022 Act); and
· to state whether particular matters have come to my attention.
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 unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.
In connection with my examination, no matter has come to my attention:(1) which gives me reasonable cause to believe that in any material respect the requirements· to keep accounting records in accordance with the 2022 Act; and· to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2022 Act have not been met; or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
C Weberman Stamp It Ltd 44 Fairholt Road London N16 5HW 28th February 2025
----- Start of picture text -----
2024 2024
Unrestricted Restricted 2024
Notes
funds funds Total
£ £ £
Income
Income from donations and legacies 131,971 19,960 151,931
131,971 19,960 151,931
Expenditure
Expenditure on charitable activites 4 123,371 7,485 130,856
Net movement in funds 8,600 12,475 21,075
Fund Balance at 31st October 2024 8,600 12,475 21,075
----- End of picture text -----
Keren Klei Kodesh - 1205213 At 31st October 2024
----- Start of picture text -----
Notes
2024
£
Current Assets
Prepayments 2,015
Accrued income 22
Cash at bank 23,537
25,575
Creditors: Amounts falling due within one year.
Accruals 4,500
4,500
Net Assets 21,075
Income Funds
Unrestricted 8,600
Restricted 12,475
21,075
----- End of picture text -----
Keren Klei Kodesh - 1205213 At 31st October 2024
Charity status
The charity is a Charitable Incorporated Organisation. The members of the charity are the trustees named on page 1.
Accounting convention
the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP “Accounting and Reporting by Charities: 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)” (eff ective 1 January 2019). The charity is a Public Benefi t Entity as defi ned by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.
only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
Monetary amounts in these fi nancial statements are rounded to the nearest £.
accounting policies adopted are set out below.
Going Concern
continue to operate for a period of at least twelve months from the date of the approval of these accounts.
Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general charitable objectives of the charity and which have not been designated for other purposes. Restricted funds are subject to specifi c conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the fi nancial statements.
the charity.
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notifi ed of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
All expenditure is accounted for on an accrual basis and has been included under expense categories that aggregate all costs for allocation to activities. Expenditure includes any VAT which cannot be fully recovered, and is classifi ed under headings of the statement of fi nancial activities to which it relates: Where costs cannot be directly attributed to particular activities they have been allocated on a basis consistent with the use of the resources. Management and administration costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its fi nancial instruments. Financial instruments are recognised in the charity’s balance sheet when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are off set, with the net amounts presented in the fi nancial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
transaction price including transaction costs and are subsequently carried at amortised cost using the eff ective interest method unless the arrangement constitutes a fi nancing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classifi ed as receivable within one year are not amortised.
unless the arrangement constitutes a fi nancing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities
at amortised cost, using the eff ective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classifi ed as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the eff ective interest method.
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may diff er from these estimates.
The preparation of these accounts did not require the trustees to make any judgments or estimates.
----- Start of picture text -----
Unrestricted Restricted Total
2024 2024 2024
Expenditure on charitable activites £ £ £
A Distributions
distributions to individuals 96,000
distributions to charities. (See note 5) 14,500
B Provision of basic necessities 110,500 0 110,500
Food parcels 2,085
Sorting and cleaning 938
storage and distributions 1,463
transport and collection 1,125
baby essentials 1,875
Other food and meals 5,000
Provison of basic appliances 1,300
Bedding 1,700
8,000 7,485 15,485
Total charitable Expenditure 118,500 7,485 125,985
Support Costs
Admin 2,173
Accounting 1,500
bank charges 198
Advertising and promotions 1,000
4,871 0 4,871
Total Expenditure 123,371 7,485 130,856
----- End of picture text -----
Fees payable to Independent Examiner is £1500
| Amud Hachesed Trust Dover Sholem Community Trust Yismach Moshe Community |
£ 2500 10000 2000 14500 |
|---|---|
None of the trustees (or any persons connected with them) received any remuneration or benefi ts from the charity during the year.
The average monthly number of employees during the year was nil.
The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.
Donations from related parties totalled £1345 during the year. There were no other disclosable related party transactions during the year.
Jacob Benedikt Moses Schreiber Jakov Gratt
Suite 3, 145 Stamford Hill London, N16 5LG
1187417
C Weberman Stamp It Ltd 44 Fairholt Road London N16 5HW