REGISTERED CHARITY NUMBER: 1205279
Report of the Trustees and Unaudited Financial Statements for the Period 18 October 2023 to 30 September 2024 for
Eitz Chayim
Paul Kraus & Co Certified Accountants 44 Wargrave Avenue London N15 6UB
Eitz Chayim
Contents of the Financial Statements for the Period 18 October 2023 to 30 September 2024
| Page | |
|---|---|
| Report of the Trustees | 1 |
| Independent Examiner's Report | 2 |
| Statement of Financial Activities | 3 |
| Balance Sheet | 4 |
| Notes to the Financial Statements | 5 to 6 |
| Detailed Statement of Financial Activities | 7 |
Eitz Chayim
Report of the Trustees
for the Period 18 October 2023 to 30 September 2024
The trustees present their report with the financial statements of the charity for the period 18 October 2023 to 30 September 2024. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' issued in March 2005.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1205279
Principal address
162A Clapton Common London E5 E5 9AG
Trustees
D Benedikt - appointed 18.10.24 I Glausius - appointed 18.10.24 Y Glausius - appointed 18.10.24 S Glausius - appointed 18.10.24
Independent examiner
Paul Kraus Institute of Chartered Certified Accountants Paul Kraus & Co Certified Accountants 44 Wargrave Avenue London N15 6UB
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes an unincorporated charity.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
Approved by order of the board of trustees on 10 June 2025 and signed on its behalf by:
I Glausius - Trustee
Page 1
Independent Examiner's Report to the Trustees of Eitz Chayim
I report on the accounts for the period 18 October 2023 to 30 September 2024, which are set out on pages three to six.
Responsibilities and basis of report
As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I have examined your charity's accounts as required under section 145 of the Charities Act 2011 ('the 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.
My role is to state whether any material matters have come to my attention giving me cause to believe:
-
that accounting records were not kept as required by section 130 of the Act; or
-
that the accounts do not accord with those records; or
-
that the accounts do not comply with the accounting requirements of the Act; or
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that there is further information needed for a proper understanding of the accounts.
Independent examiner's statement
I have completed my examination and have no concerns in respect of the matters (1) to (4) listed above and, in connection with following the Directions of the Charity Commission I have found no matters that require drawing to your attention.
Paul Kraus Institute of Chartered Certified Accountants Paul Kraus & Co Certified Accountants 44 Wargrave Avenue London N15 6UB
12 June 2025
Page 2
Eitz Chayim
| Statement of Financial Activities | ||
|---|---|---|
| for the Period 18 October 2023 to 30 September 2024 | ||
| Unrestricted | ||
| fund | ||
| Notes | £ | |
| INCOMING RESOURCES | ||
| Incoming resources from generated funds | ||
| Voluntary income | 455,554 | |
| RESOURCES EXPENDED | ||
| Other resources expended | 73,800 | |
| NET INCOMING RESOURCES | 381,754 | |
| TOTAL FUNDS CARRIED FORWARD | 381,754 |
The notes form part of these financial statements
Page 3
Eitz Chayim
Balance Sheet At 30 September 2024
| Unrestricted | ||
|---|---|---|
| fund | ||
| Notes | £ | |
| CURRENT ASSETS | ||
| Debtors | 4 | 376,724 |
| Cash at bank and in hand | 6,202 | |
| 382,926 | ||
| CREDITORS | ||
| Amounts falling due within one year | 5 | (1,171) |
| NET CURRENT ASSETS | 381,755 | |
| TOTAL ASSETS LESS CURRENT | ||
| LIABILITIES | 381,755 | |
| CREDITORS | ||
| Amounts falling due after more than one year | 6 | (1) |
| NET ASSETS | 381,754 | |
| FUNDS | 7 | |
| Unrestricted funds | 381,754 | |
| TOTAL FUNDS | 381,754 |
The financial statements were approved by the Board of Trustees on 10 June 2025 and were signed on its behalf by:
Trustee
The notes form part of these financial statements
Page 4
Eitz Chayim
Notes to the Financial Statements for the Period 18 October 2023 to 30 September 2024
1. ACCOUNTING POLICIES
Accounting convention
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), the Charities Act 2011 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.
Incoming resources
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
Resources expended
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.
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.
2. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the period ended 30 September 2024.
Trustees' expenses
There were no trustees' expenses paid for the period ended 30 September 2024.
3. TRADE DEBTORS
The charity advanced a loan to Crouch End Properties Ltd on interest bearing terms. The trustees have control of the company and the loan is secure.
4. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
Trade debtors
£ 376,724
The loan of £367724 was made Crouch End Properties Ltd on interest bearing terms. The loan was repaid nex year.
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£ Other creditors 1,171
Page 5
Eitz Chayim
Notes to the Financial Statements - continued
for the Period 18 October 2023 to 30 September 2024
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
| £ | ||||
|---|---|---|---|---|
| Other creditors | 1 | |||
| 7. | MOVEMENT IN FUNDS | |||
| Net movement | ||||
| in funds | At 30.9.24 | |||
| £ | £ | |||
| Unrestricted funds | ||||
| General fund | 381,754 | 381,754 | ||
| TOTAL FUNDS | 381,754 | 381,754 | ||
| Net movement in funds, included in the above are as follows: | ||||
| Incoming | Resources | Movement in | ||
| resources | expended | funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 455,554 | (73,800) | 381,754 | |
| TOTAL FUNDS | 455,554 | (73,800) | 381,754 |
Page 6
Eitz Chayim
Detailed Statement of Financial Activities for the Period 18 October 2023 to 30 September 2024
| INCOMING RESOURCES Voluntary income Donations Total incoming resources RESOURCES EXPENDED Support costs Management Student Upkeep and Care Accountancy fee Total resources expended Net income |
£ 455,554 |
|---|---|
| 455,554 72,800 1,000 |
|
| 73,800 | |
| 73,800 | |
| 381,754 |
This page does not form part of the statutory financial statements
Page 7