Kessef Limited Company limited by gyuarantee Annual Report and Financial Statement$ For year ended 31 March 2024 Charity Registration Nurnber 1516679 Company Number 284652
Kessef Limited Company limited by guardntee FINANCIAL STATEMENTS FOR YEAR ENDED 31 MARCH 2024 Page I Contenls Page Charity Infornialion Report of the DirectorslTrust¢es Independent ExaMineS Report Ststement of Financial A¢tivili¢s Ststem¢nt of financial position Notes forniing part of the financial stafrments 9-10 Detailed profit and loss account and Statement of financial activities
K¢s$ef Limited Company limited by guarantee FINANCIAL STATEMENTS FOR YEAR ENDED 31 MARCH 2024 Page 2 Charity Information Board of Trustees C Berger- Directorrrrustee H Berger- Dir¢¢torlTrustee S Berger- DireclorlTrustee Registered Office 1st Floor Unit l Grosvenor Way London N16 6EJ Charity Number 284652 Company Regi5traÉion Number 01516679 (England and Wales) Aceountsnts Rothfeld & Co Medcar House 149a Stamford Hill LondonN16 5LL Bankers Barclays Bank PLC Mile End & Bow Group London EI 3DA
Kessef LimAt¢d Company limited by guarantee FINANCIAL STATEMENTS FOR YEAR ENDED 31 MARCH 2024 Page 3 Report of the Direetorsifru5tees The Directors/Truslees have pleasure in presenting their Report and Finan¢ial Ststements of the Companylcharity for the year ended 31 Mar¢h 2024 The Direciorstrrustees have adopted the provisions of the Charities SORP (FRS 102) 2019 in preparing the annual report and financial statements of Ihe Charity. The Trustees in office throughout the year were Mr C. B¢rg¢r, Mrs H. Berger & Mr S Berger. All trust¢¢s give of their time freely and no trustee remuneration was paid in the year. Reference #Dd Administration Reference and Administration details are shown in th¢ schedule of members of the board and professional advisers on page 2 of the financial statements. Structure? governance and management Kessef Limited is a company limi(¢d by guarant¢e incorporated on 10 September 1980 and is governed by its m¢morandum and articles of asso¢iation. The Directorsrrrustees are responsible for the governance of the organisalion and are active in all operational aspects of strategic management. Major policy decisions are decided ai full directors'l Trustees, Tneetings. Principal A¢tivity The principal activity of the Compatty during the year was that of receiving Grants and giving out grants to ch&ritable institutions. Charitable Objects are: The charity was established to further both in the United Kingdom and abroad thos¢ purposes recognised as charitable by English Law. To achieve these objects, th¢ Charity utilises ils income to make grants and donations which are in accordance wilh the guidance of the Charity Commission relating to Public Benefit.
Kessef Limited Company limited by guarantee FINANCIAL STATEMENTS FOR YEAR ENDED 31 MARCH 2024 Page 4 Report of the Dire¢lorsifrustees (contlnmed) A¢hievements The Charity received gifts and donations in the year for its operations - £220,338 (2023 £284,857) During th¢ year, the Compan> gave £394,548 (2023- £322,989} in grants. The Company r¢c¢ives applications for grants, which are nSidered by the board. The Charitable donations mad¢ went to further the goals and objectives of the Charity. Donations went to organisations and institutions involved in orthodox Jewish religious education, social welfare etc Grants are only mad¢ upon a unanimous decision by the board. The results and financial posilion are shown in the accounts. The Charity's income is sufficient to fund its obligations. The Trustees huve identified the major risks th¢ ¢haritable company is exposed to and systems have been established to miligate these risks. Public benefit In setting our objectives and planning our activities the Truslees have given careful consideration to the Charity Commission's general guidan¢¢ on public benefit and in particular to its supplementary public benefit guidance on fee•charging. This report has been prepared taking advantage of the special exemptions applicable to small Companies under Part 15 of the Compani¢s Act 2006. - Continued
Kessef Limited Company limited by guarantee FtNANCIAL STATEMENTS FOR YEAR ENDED 31 MARCH 2024 Page 5 R¢port of the DirecIorsrnslee9 (continued) The recipients of our services ¢ontinuously express Iheir appreciation and admiration to all members of the public that assist us in delivering vital services. Investment policy and returns Under the memorandum and articles of ass(Kiation, the charity has the power to make any investment which the trustees s¢¢ fit. Re8erYes Pollcy The truste¢s retain rese¢$ as necessary and where appropriate, consolidate funds in order to enable the charity to meet future needs or to make more substantial grants whi¢h ihey feel to be appropriate. Responsibilities of ihe Direetorsrrrustees Company Law requires the dire¢tors to prepare financial statements for each financial year which giv¢ a true and fair view of the state of affairs of the charity as at the Balance sheet date, and of its incoming resources, including income and ¢xpenditure for the financial year. In preparing those financial statements, th¢ DirectorslTrustees should follow best practice and Select suitable accountin8 policies and apply them consistently. b. Make judgments and estimates that are reasonabl¢ and prudent. Follow applicable accounting standards and the Charities SORP, disclosing and explaining any departures in the financial statements. d. Pr¢pare the financial statements on the going concern basis unless it is inappropriate to assume that the charity will continue in operation. The Directorsrrrnstees are responsible for maintaining proper accounting records which disclose with reaso¥Jable accuracy at any time the financial position of the charity and to enable them as DirectorsfTrustees to ensure that the financial statements comply with the Cotnpany Law. The Directorsrrrust¢¢s are also responsible for safeguarding th¢ charity's assets and hence for taking reasonable steps for the pr¢vention and deiection of fraud and other regularities. Approved by The Director&Trusl¢es on 30 January 2025 TrnsteelDirector
Kessef Limited Company limited by guarantee FtNANCIAL STATEMENTS FOR YEAR ENDED 31 MARCH 2024 Page 6 Independent Examiner's Report to tbe Trustees l Direetors We report on the financial statements of Finegrant Limited for the year ended 31 March 2024. Respeetive Re8ponsibilities of Trustees and Examiner The charity's trustees are responsible for the preparation of the accourkts. The charity's trustees consider that an audit is not required for this year under se¢tion 144 of the Charities Act 2011 (the Charities A¢t) and thai an ind¢pendent examination is nccded. It is my responsibility lo.. examine the accounts under section 145 of the Charities Act, to follow the procedures laid down in the general Directions given by the Charity Commission {und¢r section 145(5)(b) of the Charities Act, and to slate whether particular matters have come to tny attention BASIS of Independent Examiner's Report My examination was carri¢d out in accordanc¢ with getteral Directions given by the Charity Commission. An examination includes a review of ihe accounting r¢Lords kept by th¢ charity. and a ¢omparison of ihe accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matt¢rs. The procedures undertaken do not provide all the evidence that would be required in an audit. and consequently no opinion is given as to whether the accounts present a 'true and fair, view and the report is limited to those matters set out in th¢ statement below. In connection with my examination, no marter has come to my attention; which gives me reasonable Cause to believe that in, any material respect, the requirements: to keep accounting records in accordance with section 130 of the Charities Act- and to prepare accounts which accord with the &o¢ounling records and comply with the accounting requirements of the Charities A¢1 have not b¢en met; or 2. to whi¢h, in my opinion. attention should be drawn in order to enable a proper understsnding of the accounts to be reached. Rothfeld & Co Medcar House 149a Stamford Hill London N16 SLL Date 3010112025
Kessef Limited Company limited by guardntee FINANCIAL STATEMENTS FOR YEAR ENDED 31 MARCH 2024 Page 7 Statement of Fin*nciAI Activities Income and expenditure account For the Year ended 31 March 2024 Unrestricted 2024 Unrestricted NoleJ 2023 INCOMING RESOURCES Incom¢ 220,338 284,857 220,338 284.857 OUTGOING RESOURCES Charitable expeDdilure Grants made Administration (394,548) (2,063) (322,989) (1,742) (396,611) (324,731) Net $urplusl(defieit) funds for year (176,273) (39.874) Funds brought fonyard (984,438) (944,564} Funds carried fOard (1,160,711) (984,438) There were no other recognised gains or10sses
Kessef Limited Company limited by guarantee FtNANCIAL STATEMENTS FOR YEAR ENDED 31 MARCH 2024 Page 8 Statement of finaneial p051tlOD At 31 March 2024 Unrestrieted Unrestricted 2024 2024 2023 2023 Currellt Assets Debtors Cash at Bank and in hand 16,?00 2,008 18.?08 11,200 1,562 12,762 Creditors Amounts due within one year (1,178,919) (997,200) Net Current Assets (1,160,711} (984.438) et Assets (1,160,711) (984,438) Accumulated Funds Restricted Unrestricied (1,160,711) (1,160,711) (984,438) (984,438) In approving these financial statements as directors of the company we hereby confim): a. that for the year siaied above the ¢ompany was entitled to the ¢x¢mption ¢onf¢rr¢d by Section 477 of the Compafties Act 2006 . that no notice has been deposited at the registered office of the company pursuant to Section 476 requesling that an audii be conducted for the year ended 31 March 2024: and that we acknowledge our responsibilities for.. ensuring that the company keeps accountin8 r¢cords which comply with Section 386 . and 2. preparing financial statemenis which give a irue and fair view of the slate of affairs of the cotnpany as at the end of the financial y¢ar and of its profit or loss for the year then ended in ac¢ordance with the requirements of Sections 394 and 395 and which otherwise comply with the provisions of the Companies Act relating to finAn¢ial statements, $0 far as applicable to the company. These financial statements have been prepared in a¢¢ordance with the provisions applicable to ¢ompanie5 subject to the small compani¢s' regime. Approved by the board on 30 January 2025 and signed on behalf of their behalf by: C Berg¢r- Directorrrrustee The notes on pages 9 and 10 fomi part of the balance sheet
Kessef Limited Company limited by guarantee FtNANCIAL STATEMENTS FOR YEAR ENDED 31 MARCH 2024 Page 9 Note5 To Tbe Accounts l) Prineip41 ActOllDting Policies Basi of Accountin The Accounts have been prepared under the historical cost convention in accordance with the statement of Recommended Practice= Accounting and reporting by Charities preparing their ac¢ounts in accordance with FRS 102 {2019) and the Financial reporting standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and th¢ Charities Act 2011. Incoming resources Incoming resources are accounted for upon receipt, ¢x¢epi where it is proper to accrue. 2) Taxation The Charitable Company is exempt from taxation on its charitable a¢tivilies. The Company is register¢d with HM R¢venue & Customs as a Charitable Company. 3) Income The total turnover of the company for the year has been derived from its principal activity wholly undertaken in the UK. 2024 2023 Income Grants and donations received 220,338 284,857 220,338 284,857 4) Charitable Activities 2024 2023 Grants to Institutions 394.548 322.989 394.548 322.989
Kessef Limi¢¢d Company lirnited by guarantee FtNANCIAL STA TEMENTS FOR YEAR ENDED 31 MARCH 2024 Page 10 Notes To The Aecoullts (contlDued) 5) Administration 2024 2023 Accountancy fees Sundry expenses 750 1,313 1,000 742 2.063 1,742 6) Debtor 2024 2023 Loan tkbtors 16,200 11,200 7) Creditor5 2024 2023 Bank Loans and overdrafts Sundry accruals LA)an creditors 36,603 1,871 1,140,445 1,178,919 42,698 953,381 997,200