**REGISTERED CHARITY NUMBER: 287367** ## **AGUDAS ISRAEL COMMUNITY SERVICES** **REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024** Sugarwhite Meyer Accountants Ltd First Floor 94 Stamford Hill London N16 6XS **AGUDAS ISRAEL COMMUNITY SERVICES** ## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024** ||**Page**| |---|---| |**Reference and Administrative Details**|1| |**Report of the Trustees**|2 to 4| |**Independent Examiner's Report**|5| |**Statement of Financial Activities**|6| |**Statement of Financial Position**|7| |**Notes to the Financial Statements**|8 to 13| ## **AGUDAS ISRAEL COMMUNITY SERVICES** **REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 5 APRIL 2024** ## **TRUSTEES** ## **PRINCIPAL ADDRESS** C Pinter (deceased 1.10.24) J Schleider R Grussgott 97 Stamford Hill London N16 5DN **REGISTERED CHARITY** 287367 **NUMBER INDEPENDENT EXAMINER** Sugarwhite Meyer Accountants Ltd First Floor 94 Stamford Hill London N16 6XS Page 1 ## **AGUDAS ISRAEL COMMUNITY SERVICES** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5 APRIL 2024** The trustees present their report with the financial statements of the charity for the year ended 5 April 2024. The trustees have adopted the provisions of 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) (effective 1 January 2019). ## **REFERENCE AND ADMINISTRATIVE INFORMATION** The information is shown on page 1 of the financial statements and forms part of this report ## **OBJECTIVES AND ACTIVITIES** ## **Objectives and aims** The objectives of Agudas Israel Community Services (AICS) are to assist vulnerable members of the community by providing information and support to enable them to make the most of available resources as well as of their own strengths and abilities to improve their lives and those of their families. The charity operates an advice services, providing a wide range of benefits, immigration and employment advice, as well as an employment facility and other services including a number of training opportunities in partnership with other local organisations focusing on employment skills such ac CV writing and interview techniques. The trustees of the charity confirm that they have considered The Charity Commission's general guidance on public benefit. ## **ACHIEVEMENT AND PERFORMANCE** ## **Charitable activities** The trustees are pleased to report that thanks to grants received we were able to continue our services which are in great demand. This was quite difficult, considering the fact that one of our advice workers did not return to work following the pandemic. This caused a great strain on our services, and we were often booked ahead for several weeks. We are aware of the high demand for our services, and the distress that having to wait for appointments can cause. As the community grows exponentially, we are experiencing an increased demand for our services, especially, as we are the only organisation in the area providing expert advice in English, Hebrew and Yiddish, in a culturally appropriate setting. Additionally, the government's introduction of a Benefit Cap, as well as the restriction of Child Tax Credits and Universal Credit to two children per family, disproportionately affects our community, where larger families are the norm. We have a very high level of customer satisfaction and are proud of the professional service we provide and would ideally like to increase our capacity and reach to meet the growing need for our services, but await a better financial situation. ## **FINANCIAL REVIEW** ## **Reserves policy** It is the charity's policy that only funds that have cleared the bank be allowed to be used as payment for direct charitable and governance expenses. The trustees therefore ensure that the charity retains sufficient funds to cover immediate anticipated outgoings. They have contact at all times with potential donors who are able to assist with the charity's requirements. Reserves at the year end stood at £859 deficit (2023 - £2,739 deficit) Page 2 ## **AGUDAS ISRAEL COMMUNITY SERVICES** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5 APRIL 2024** ## **FUTURE PLANS** AICS’s plans for the future are to continue to support the most vulnerable members of the community by providing time appropriate advice in the fields in which it has developed high levels of expertise. Advisors continue to attend in service training to ensure that their knowledge and skills are kept up to date in a rapidly changing climate. It continues to remain our priority to increase fundraising activities, bearing in mind that we are providing essential and otherwise inaccessible services to the most needy members of our community and to their families. The demand is increasing as the government continues to cut the resources available and as the community grows. We are mindful of the fact that we are the only available resource for this community for benefits, immigration and employment advice and support, and take our responsibilities seriously. We look to the wider community to support us in our work and enabling members of the community and their families to live their lives with dignity, and to be able to access the minimal resources they need to survive in the increasingly challenging environment of our times. Immediately following the end of the period these accounts cover, we set up a hub with newly trained in staff, to assist people with migration to Universal Credit. We have seen huge successes. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document** The charity was constituted by Declaration of Trust dated 15th May 1983. ## **Recruitment and appointment of new trustees** It is not currently the intention of the trustees of the charity to appoint new trustees. Should this situation change in the future, the trustees will apply suitable recruitment and training procedures. ## **Organisational structure** The trustees and administrator meet regularly in order to ensure that the charity runs smoothly and that all activities are run efficiently, as well as to deal with issues as they arise, and to pre-empt potential problems before they develop. They plan both current and future strategy, balancing the developing and increasing needs of the community with the resources of Agudas Israel Community Services. ## **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. ## **STATEMENT OF TRUSTEES' RESPONSIBILITIES** The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland". The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed 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, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to - select suitable accounting policies and then apply them consistently; - observe the methods and principles in the Charity SORP; - make judgements and estimates that are reasonable and prudent; - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. Page 3 ## **AGUDAS ISRAEL COMMUNITY SERVICES** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5 APRIL 2024** ## **STATEMENT OF TRUSTEES' RESPONSIBILITIES - continued** 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, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. 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 order of the board of trustees on 4 February 2025 and signed on its behalf by: J Schleider - Trustee Page 4 ## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF AGUDAS ISRAEL COMMUNITY SERVICES** ## **Independent examiner's report to the trustees of Agudas Israel Community Services** I report to the charity trustees on my examination of the accounts of Agudas Israel Community Services (the Trust) for the year ended 5 April 2024. ## **Responsibilities and basis of report** As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act'). I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the 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: 1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. 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. E Meyer FCA BSc Sugarwhite Meyer Accountants Ltd First Floor 94 Stamford Hill London N16 6XS 4 February 2025 Page 5 ## **AGUDAS ISRAEL COMMUNITY SERVICES** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2024** |**Unrestricted**
**funds**
**Notes**
**£**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
160,186
**EXPENDITURE ON**
Raising funds
3
468
**Charitable activities**
4
Education and training
55,436
Community Service and advice
98,548
Support costs
3,854
**Total**
158,306
**NET INCOME**
1,880
**RECONCILIATION OF FUNDS**
Total funds brought forward
(2,739)
**TOTAL FUNDS CARRIED FORWARD**
(859)|**Restricted**
**fund**
**£**
11,210
-
-
11,210
-
11,210
-
-
-|**2024**
**Total**
**funds**
**£**
171,396
468
55,436
109,758
3,854
169,516
1,880
(2,739)
(859)|**2023**
**Total**
**funds**
**£**
203,928
539
89,189
111,482
(1,080)
200,130
3,798
(6,537)
(2,739)| |---|---|---|---| The notes form part of these financial statements Page 6 ## **AGUDAS ISRAEL COMMUNITY SERVICES** ## **STATEMENT OF FINANCIAL POSITION 5 APRIL 2024** |**Notes**
**FIXED ASSETS**
Tangible assets
8
**CURRENT ASSETS**
Cash at bank
**CREDITORS**
Amounts falling due within one year
9
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**CREDITORS**
Amounts falling due after more than one
year
10
**NET ASSETS**
**FUNDS**
13
Unrestricted funds
**TOTAL FUNDS**|**2024**
**£**
10,117
26,879
(23,503)
3,376
13,493
(14,352)
(859)
(859)
(859)|**2023**
**£**
10,650
32,439
(28,698)
3,741
14,391
(17,130)
(2,739)
(2,739)
(2,739)| |---|---|---| The financial statements were approved by the Board of Trustees and authorised for issue on 4 February 2025 and were signed on its behalf by: J Schleider - Trustee The notes form part of these financial statements Page 7 ## **AGUDAS ISRAEL COMMUNITY SERVICES** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024** ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention. ## **Critical accounting judgements and key sources of estimation uncertainty** The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. ## **Income** All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. ## **Expenditure** 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 a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. 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. Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure. ## **Tangible fixed assets** Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Fixtures and fittings - 5% on reducing balance ## **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. ## **Pension costs and other post-retirement benefits** The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. ## **Going concern** There are no material uncertainties about the charity's ability to continue. Page 8 ## **AGUDAS ISRAEL COMMUNITY SERVICES** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5 APRIL 2024** ## **1. ACCOUNTING POLICIES - continued** ## **Going concern** The financial statements have been prepared in accordance with the accounting principles appropriate to a going concern notwithstanding the deficiency in net assets at the balance sheet date. The trustees consider this to be appropriate having regard to the continued provision of financial support by the charity's creditors. ## **2. DONATIONS AND LEGACIES** |Government grants
Social Welfare
Education and training
Grants received, included in the above, are as follows:
Social welfare
**3.**
**RAISING FUNDS**
**Investment management costs**
Interest payable and similar charges
**4.**
**CHARITABLE ACTIVITIES COSTS**
**Direct**
**Costs**
**£**
Education and training
54,033
Community Service and advice
107,701
Support costs
-
161,734|**Grant**
**funding of**
**activities**
**£**
-
210
-
210|**2024**
**£**
11,210
60,642
99,544
171,396
**2024**
**£**
11,210
**2024**
**£**
468
**Support**
**costs (see**
**note 5)**
**£**
1,403
1,847
3,854
7,104|**2023**
**£**
10,790
60,570
132,568|**2023**
**£**
10,790
60,570
132,568|**2023**
**£**
10,790
60,570
132,568| |---|---|---|---|---|---| ||||203,928||| ||||**2023**
**£**
10,790
**2023**
**£**
539
**Totals**
**£**
55,436
109,758
3,854|**2023**
**£**
10,790|| ||||||**2023**
**£**
539| ||||169,048||| Page 9 ## **AGUDAS ISRAEL COMMUNITY SERVICES** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5 APRIL 2024** ## **5. SUPPORT COSTS** |**SUPPORT COSTS**||||| |---|---|---|---|---| ||||**Governance**|| ||**Management**|**Finance**|**costs**|**Totals**| ||**£**|**£**|**£**|**£**| |Education and training|1,403|-|-|1,403| |Community Service and advice|416|1,431|-|1,847| |Support costs|354|-|3,500|3,854| ||2,173|1,431|3,500|7,104| Support costs, included in the above, are as follows: ## **Governance costs** |**Governance costs**||| |---|---|---| ||**2024**|**2023**| ||**Support**|**Total**| ||**costs**|**activities**| ||**£**|**£**| |Independent examiner's fee|600|450| |Independent examiner's other fees|600|450| |Legal and professional fees|2,300|-| |Fees Waived|-|(1,980)| ||3,500|(1,080)| ## **6. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 5 April 2024 nor for the year ended 5 April 2023. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 5 April 2024 nor for the year ended 5 April 2023. ## **7. STAFF COSTS** |Wages and salaries
Other pension costs|**2024**
**£**
46,536
749
47,285|**2023**
**£**
54,487
749| |---|---|---| |||55,236| The average monthly number of employees during the year was as follows: ||**2024**|**2023**| |---|---|---| |Advisers|4|4| No employees received emoluments in excess of £60,000. Page 10 ## **AGUDAS ISRAEL COMMUNITY SERVICES** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5 APRIL 2024** ## **8. TANGIBLE FIXED ASSETS** |**COST**
At 6 April 2023 and 5 April 2024
**DEPRECIATION**
At 6 April 2023
Charge for year
At 5 April 2024
**NET BOOK VALUE**
At 5 April 2024
At 5 April 2023
**9.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Bank loans and overdrafts (see note 11)
Taxation and social security
Other creditors
**10.**
**CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR**
Bank loans (see note 11)
**11.**
**LOANS**
An analysis of the maturity of loans is given below:
Amounts falling due within one year on demand:
Bank loans
Other loans
Amounts falling due between two and five years:
Bank loans - 2-5 years
Amounts falling due in more than five years:
Repayable by instalments:
Bank loans more 5 yr by instal|**2024**
**£**
2,778
-
20,725
23,503

**2024**
**£**
14,352
**2024**
**£**
2,778
19,525
22,303
11,111
3,241|**Fixtures**
**and**
**fittings**
**£**
31,827
21,177
533
21,710
10,117
10,650
**2023**
**£**
2,778
1,426
24,494
28,698
**2023**
**£**
17,130
**2023**
**£**
2,778
23,594
26,372
11,111
6,019| |---|---|---| Page 11 ## **AGUDAS ISRAEL COMMUNITY SERVICES** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5 APRIL 2024** ## **12. ANALYSIS OF NET ASSETS BETWEEN FUNDS** |**Unrestricted**
**Restricted**
**funds**
**fund**
**£**
**£**
Fixed assets
10,117
-
Current assets
26,879
-
Current liabilities
(23,503)
-
Long term liabilities
(14,352)
-
(859)
-|**2024**
**Total**
**funds**
**£**
10,117
26,879
(23,503)
(14,352)
(859)|**2023**
**Total**
**funds**
**£**
10,650
32,439
(28,698)
(17,130)
(2,739)| |---|---|---| ## **13. MOVEMENT IN FUNDS** |**Unrestricted funds**
General fund
**TOTAL FUNDS**
Net movement in funds, included in the above are as follows:
**Unrestricted funds**
General fund
**Restricted funds**
Restricted Fund
**TOTAL FUNDS**
**Comparatives for movement in funds**
**Unrestricted funds**
General fund
**TOTAL FUNDS**|**Net**
**movement**
**At**
**At 6.4.23**
**in funds**
**5.4.24**
**£**
**£**
**£**
(2,739)
1,880
(859)
(2,739)
1,880
(859)

**Incoming**
**Resources**
**Movement**
**resources**
**expended**
**in funds**
**£**
**£**
**£**
160,186
(158,306)
1,880
11,210
(11,210)
-
171,396
(169,516)
1,880
**Net**
**movement**
**At**
**At 6.4.22**
**in funds**
**5.4.23**
**£**
**£**
**£**
(6,537)
3,798
(2,739)
(6,537)
3,798
(2,739)| |---|---| Page 12 ## **AGUDAS ISRAEL COMMUNITY SERVICES** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5 APRIL 2024** ## **13. MOVEMENT IN FUNDS - continued** Comparative net movement in funds, included in the above are as follows: |**Unrestricted funds**
General fund
**Restricted funds**
Restricted Fund
**TOTAL FUNDS**|**Incoming**
**Resources**
**Movement**
**resources**
**expended**
**in funds**
**£**
**£**
**£**
183,388
(179,590)
3,798
20,540
(20,540)
-
203,928
(200,130)
3,798| |---|---| ## **14. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 5 April 2024. Page 13