COMPANY REGISTRATION NUMBER: 013929 CHARITY REGISTRATIO,Y NUMBER: 293792 KALEV GEMACH LIMITED COMPANY LIMITED B Y GUARAKfEE Unaudited F5DanCI StateDts For the ye4r eNled 31 M4r¢b 2024 COHEN ARNOLD New Buriinglon House IIy15 Finchley Road LLJndon Nwii OPU
KALEV GEMACH LIMrrED Year ended 31 March 2024 Trn5tr£s' Annual Report (Incoq)OTating the Dircctovs ReXt) Ito2 IndepeIent Examinerfs Report to tbe Trnstres Ststement of Fmancial Activitics (Including Income and EXnditUre Account) Balance Sheet lo the Financi Sm¢nI$ 6toll
KAI.EV GEMACH LtMrrED COMPANY LIMrrED BY GUARAEE Tr1£¢$, Annual Report (Incoryorating the Direclor's Report) Ye8r ended 31 March 2024 The truste¢$, who are also the directors for tk purwses of company law, present their reFQrt and the unaudid financial sthtellMts of the chaTity for the year ended 31 .Uarch 2024. Refernnee #nd adminiqtradve detalLs Chorlty reglthtlon numbtr 293792 Comp8ny reglstratlon number 01873929 Prlnclpai offlce knd registered New Burlington House 1075 Finchley Ro1 IA)ndon h4WIiOPU The trustees r A Homwitt (Chairnwi) Mr l Friethnan Mr A Stern Mr A Horowitz IAKlepEnden¢ examlner J A Neunwin FCA Cohen Arnold New Burliwon House 1075 Finchley Road tnndon NWI I OPU Stnjcturei governance m4D4%ement The Charity is conslituied as a Compatty limitrd by Buarantffj and 1$ th¢rcfore sorned by its en)andUrn and Arti¢l¢s of Asyx'iulivn. The TTUStees adrnillister the day-itrday affairs of the Clwity. None of the Trusk&s ve any beneficial interest in the Charity. It i& noi CUTrendy the intention of the Truslees of the Charity to app)int new TTUStees. Should the situaiion change in th¢ futur< the Trnste¢s vrill apply suithble recrnitment trainin8 a1 inthiction pftKedures. Rlsk mamgement The Compdlly has assessed the major risks to which it is ex* particularly those relating lo th¢ operntions and finan¢¢s of the Company. li is satisfied that the systems are in place to mitigate lis exyysure to tJM)se risks. ObJettlves and 1115 The Company is established to fvrther iM)th in the United Kingdom and abroad those purposes recogni5ed as charitable by English Law. To achieve these objects, th¢ Company utilises its in¢ome lo make donations and intrrest free loans.
KALEV GEMACH LIMITED COMPANY LIMITED BY GUARANTEE Trustett, Annual Report (Incorporatlng the Dlre¢tor's Rert) (Co&1 Year ended 31 March %124 During (he year the Company continued to tmtysue its lIanthpiC ubje£ts in SUPFKYrt of Charitable OTgani&atioos and individuals in need of inrc5t free loans which was in accorthce with the guidance of the Charity Conllnission rclating to Public Benefit. IncoDX from donations aggre8aicd £44.(KK). Tothl sOUrC& eXded were £45.118 resulting ID a net deficii of £1,118. Interest free loans led during the year amLMmted to £36,675. The arn¢)uDts ¢tstandIng a¢ 31 March 2024 were £78,630. The financial results. of the Charity's activities for the y¢Ar kn 31 Mah 2024 ate fully reflected in the atts¢h¢d FInCIal SthieTnents together with the Notes th¢rcon. Reserves pblicy It is the tKtrIicy of the Company to maintsin unTestricteAI funds. which are the free reserves of the charity, at a level which the Trustee5 consid¢r appropri0¢ after taking account of the fulure ommilments of the Company. Small company provlsioD8 This rerx)n has been prcpfircd in axoffdartce with the provisioD¥ applicable to comwies entitled to the small companies exemption. The truste¢s' annual rel was apwiv¢d on .............................. aNI siwd on behalf of the ird of by.. Mr l Friedman TSlee
KALEV GEMACH LIMITED COMPANY LIMrrED BY GUARANTEE Independent ExAmlner's Rew)rt to the Trustees of Key Gejngth Llmlted Ye•r ended 31 March 2024 I report to the trnsttts on my examination of the financial $taienYnts of Kalev Gernb Limited (Ihe charity'l for th¢ yw ended 31 March 2024. Responslbuities and basts of rert The trus$ (who are also the directors of the company for the of company law) a responbible for the preparation of the fllwicial s¢Ments. The trustees Consider that an audit is not required for this year under yeclion 144(2) of the Clwities Act 2011 (thc 2011 Act) and that independent ¢xaminatioT] is needed. Independent exanjiner's Statement I have completed my examtnatis)n. I ccothrm that no matteT5 have cnme to my 1110n in ¢ODnection with the examination giving me cause io believe: accoutstin8 TcrdS were Dot k¢pl in respeci of the charity as required by 6ectioT] 386 01 the the financial Si¢Th do not accord with those T¢wrds: or the financial statemen(s do rAoI comply with the accounting requirements of seLtion 396 of the 2(M)6 Act other than any requireftni thai the accouDts give a '¢¢ and fai view which is Dot a maitrr ¢onsideTed as part of an indepcndent examin10n. or Ibe financial statements have IMI wepared in accordance with the methcMl$ and principley uf ihe Statement of Recommended Praaice for accounting dnd rertIng by charities applicable 10 ChltieS PparIng their accounis in accordance with thc Financial Rerting Standard applicable in the UK and Republic of Ireland (fRS 102). I have no concerns and h4vc rne across no other matt¢Ts in ronnllOn with the exnIn10n 10 which *U0n should be drawn in this re1 in ord¢r ¢0 enable a proper understanding of the ac¢ount¥ tv bc reached. J A N¢umanll FCA Cohen Arnold Independent Examiner N¢w Burlington House 1075 Fincbley Road LoTTrdon NWI I OPU
KAv GEMACH LIMrrED COMPANY LIMITED BY GUARANTEE Stalement of Fina1 ActiTities (Indudlng fincome and e4Jendithre aLrount) Yw ended 31 March 2024 2023 UDrestrictrd funds Totsi funds To1 funds Income and endowmeDts Donaiions and legacies Totsl Ineome 57.(XM) 57.(KK) Expendlture Expenditure on charithble a¢tivitic8 Totsl expendlture &7 (45.118) (45.118) (45,118) {45.118) {1.?71} (60.771) Net expendltsre aDd net nement In fimds 11.118) (1.118) (3,771) Recondllatlon of funds Totat funds broughi forward Total funds carrkd forward 84,058 84,058 87,829 84,058 81940 The statement of financial *uvities include8 all Bains and lows I0&1Sel in the ye4r. All inL.V and expenditur¢ duiv¢ from continuing acuwptiC8.
KALEV GEMACH LIMTfED COMPANY LIMITED BY GUARLvfEE Balance Sheet 31 Mar¢h 20 2023 Current Sets DebtUTS Cash at bank and in hand li 7&630 7,190 81.775 3.723 85.498 CredltoTh: #mounts falllD8 due lthln one year Net current &Ssets (2W) (1,440) 2,940 84,0511 Total 4S6ets less current IlaNlltles 84,058 Funds of the eharlty Unrestricted funds 84,058 Total clwlty funds 13 84,058 For th¢ year cnding 31 Murch 2024 thc charity was enliiled to exemption from audit under section 477 of the Companics Aci 2[ tejating 10 small Lompanies. rectors, responsibiliiie$: The Membe have not required the company to obthin an audit of lis fjnancial stan%n¢s for the year in qu¢slion in ¢¢'or(14n¢e with sertion 476: Thc dir10T$ acknowledge their reswlsibiliiies complying wilh the wu?rements of the Aci with resFecI to accounting records and the FKeparation of financial ststernents. Tr8e financial state[rniS have E*en prepared in accordance with the provisions applicable to companiey subject lo the small companies, regime. se fin4nci31 ststements were approved by the iThrd of rrystr¢s and authorised for issue on . •4. L.).. and aTe signed on beha]f of the board by: Trnstee
KALEV GEMACH LIMrrED Notes to the Slalements Year ended 31 March 2024 General InfornlIon The Lharity is a public tenefit entity and a private company limited by guardntee, registered in England and Wales and k ttgistered cljarity in England and Wales. The address of the regisred office is New Burlington House, 1075 FAllchley RoL L4)ndon, NWI I OPU. I ststement ot¢omp]lan¢e These financial sraments have pared in compltance with FRS 102. Tr Financial Rep)rting Standard applicable in the UK and the Republic of Ireland,, the Ststement of Recomjnended Practice applicable to charities preparing their accoullts tn accordance with the Financial Reporting Standard applicable in the UK Republic of Ireland (FRS I2) (Clwities SORP (FRS 102)) aThJ the Companies Act 2(M. Ateounthig polldes B>s of prepAratlon The financtal slaiements have iK¢n prepaj on the historical cost basis. The financial statenxnls are wared in 51¢rbng, which is the hllKtional currency of the entity. Golmg concern The fInClai slatemen¢s have been prepared ID COrdanCe with the accounting principles appropriate to a going iuocern. as the uwtces have a reasonable expectsiion thai the charity h&s adeqvatr resources to ¢oniinue in operntional existen¢¢ for the forescuble future by m¢¢tins its liabilities as they f1 due. blqed on the net Cuent aSt Wl¢lOn of thc charily available sources of financ¢. The charity's main activity 1$ granl making. The charity ThxIeSt overheads and the trustees have the ability tv exercise control over the charity's wt n]aking clwithle acuvities and to call on support from benef¥cknn. sh thai the tsv$tees belTevc the charity will continue as a going concern. Charltabl¢ 4¢dvliles Charitable activitie$ are only recognised in the accounts when pai Fund aeeoundJ)g Unr¢stri¢i¢d funds are available for use ai the discretion of the trns¢e¢s u) further of the charity's PUnK>5CS. Ikgignalcd funds are urtre5trtLted funds earnwked by the tru5tee5 for pani¢ular future projects or COTnmitments. Restrithed funds are subjected to r&strictions on their ¢xp¢ndityff declared by the donor Ix through the terJJ]s of an ap1, and fall into one of two Sutr1: ffStric*d in¢orn¢ funds or endownl funds.
KALEV GEMACH LJMtTED COfvfPANY LIMrrED BY GUARANTEE Notes to the Fmancial slatemeDts(mAtsM) Year ended 31 March 2024 AecountlD8 wlleles (¢•w•d) Ineoming re50ur All income is included in the stmeDt of fJnaDcial acuviues when entitlement has passed io the charity. li is probable that the ecoDOmiC InefitS ass(xiated with the transartion will flow to the ¢harity and the arnOnI can be reliably $Ted. Th¢ followillg sFe£ifie p)licies are applied to panicular cat¢goriu of incom. inco from donations or grants is recognised when there is evidence of entidemeni to the gift, receipt is prob&ble and ils amouji can be nured reliably. kBacy income is reco8nis¢d whcn receiw is probable and entidemeDt i& estsblislThl. Re60urces expended Expenditure Is re¢ognis¢d on an ac¢rnals basis as a liabiliiy is iD¢unrd. Expenditure includes any VAT which canlloi be fully T0vered. and is c18ssified unthr headings of the SLarncni of financial activities whith li rela8: expenditure on raising fund8 includcs the cosis of all fundraising activitses. ¢v¢nts, non- charii&ble trading activiti¢s. and th¢ 5#1e of donated golS. expenditWTe on charitable activiti¢s includes 411 costs incurred by a charily in undertaking aciiviries that further its charitsble ain for the benefjt of its beneficiaries. including ihose Sup( costs and costs relatsng to the governae of the charity tiPFM)rtioned to charitsble a¢iivities. other expenditure includes all exTnd]Ire thai 18 neither related raisin8 funds for the ¢h4rity nor part of its expenditure on charithbl¢ a¢tivilie5. All costs e allocatrd to expendiiure asOrIeS Teflecung the uye of the resource. Direct cost8 attributable 1¢) u Single activity are allocated dire£Lly io that activity. Shared cosis are apportioned beLween the activities they conuibutr to OD a reasonable. justifiable 8nd CODsi$frn¢ basis. Flnandal108trumtnts Financial liabilities and equity iostruments are ¢lS1r1ed according th¢ subs¢wKe of the contractual aTrdngements enier¢d into. An equity instrumenl is any contrnct that evidences a residual interest in the a%8ets of the entity after deducling all its fina]&1 liabiliiie5. Bsle fSnaDci81 Instruments Cash and cash cquivalents C4sh ynd cash equAvalents coryise c&sh balae8 and 11 dwits.
KALEV GEMACH LffviiTED Notrs to the nanCIal Statemellts(rrfiwTodl Year ended 31 MArch 2024 AClltIng pollcles (c•Atswd) OtheT debtors Trade ond other debtors are re¢ogrtised initially at trnnsaction priee plus #ttributable transaction costs. Subsequent to initial Tecognition they are measured at amortised cost usin8 the effeciivc in(eresi metho¢ less any impairnnt losses. If the arrangement constitu$ a fmancing tranyaction, foI example if payr&Dt j5 defeJred yond business ten, then il IS mea8ured the prcsent va]uc of future payments disCound a m8Tkct rate for a Similar debt instrument. Other credi Trade and other creditors are Tecognised initially ai transaction price less atiTilyJtsble transaction costs. Subsequent to initial recognition they are mwured at amortised cosl using the effective interest methLMI. If the range[ consututes a financing traDsaction, for example if paynt is defeed beyond nornjal busineys rns, then it is nsred at th¢ pruenl value of fulure payments discound at a rnaTkei ra(e for a similar debt in$iTument. Limited by guaraDtee The Charity is ¢onstiluwl CompAny limiwi by guaran. and ig therefore goverwi by it8 Memorandum and Anicles of AssOci10r. The Trusttts have undertaken to Contribu such amounis not exceediD8 one p)und as nmy k requId in the cveDt of the COD)paDy being wound up. Donallons and legides Unrestricied Total Funts Unrestrict&l Tothl Fund$ Fun(ts 2024 Fund$ 2023 Don•tlon Donations Received 44.(MX) 57.1J)O 57,(KM)
KALEV GEMACH LIMTTED COMPANY LIIlTED BY GUARANfEE Notes to the Flnancial stateDnts{c0tiJ Year ended 31 March 2024 Expendlture on charitabk activities by type Donxons paid compri8e the following grants durADg the year: Amud HalOkoh Trus1 The Torath Chesed Yeshiva Trnsi Friend5 of Shekel Hakodesh Limitrd Beig Aharon TT Acuvity Centre chea$ MO'OL IAdol Kolel Shomrei Hocborncrfb The Z.S.V. Thisi Bc'er Yitzchok Trust Bels Rochel D'SatsnaT Limited Amud Hac1ed TN5t Chasdei Uvois Ezra5 Yisroel Trnst Heichalei Hakod¢sh Centre Machnovke Belz KYL CentTaJ Shul Trust Lechem Shlomo Start Upright Tov veSed Yad VLKhessed AssocAaiion Limid Yeshivo HoTomo Other donations below £l.LK 4.310 3.420 1.8IXI 1.51X) l.l(K) 1.050 13.890 43.270 7. Expendlture ou charftAble artlvltles by actlvlty type Grant fidIng of activiti¢g Supp)rt costs Totsl funds TL)ts] fund 2023 ihnations paid Governmnce costs 43,270 43270 58.970 1,801 60.771 1.848 43.270 1,848 45,118 Analysis of wnts 2023 Grnnts to insdtudon GranLs lo in.8titulion5 43270 43270 58.970 58.970 Totsl an15
KALEV GEMACH LimED COMPANY LIMITED BY GUAIL4NTEE Notrs to the Flnancial StateThents Year ende4131 Marth 2024 Independent exAmhtIon fee8 2024 2023 Ftts payable to the independent examiner for. IndependeDi examiDaiioD of the flljancial ststcnxnls 10. Trnstee remunerAtlon and exptnsts No Trustces received any Temuneralion during the yeaT (2023.. £DiI). The ¢lwiry did not nyet any individual expenses incuTred by the Thstett r(>r services provided ¢0 the churiiy. 11. Dtbtor5 23 Other debiors 78,630 81.775 12. Credltors: amounts fallln8 dut within ont yar 2024 2023 Sundry credi1$ and Acrnials 13. Analysis ofcharilable funds Unre8trlcled fund8 At 31 March 20 Ai l April 2023 tncon)e Expenditure General funds 84.058 (45.118) 81940 Ai 31 March 202 At l Apnl 2022 tncome Expenditure General funds 87,829 57.(KKJ (60.771) 84.058
KALEV GEMACH LIMrrED COMPANY LIMITED BY GUARANTEE Notss to the Financial Statenwits(w Year ended 31 March 2024 14 Anatysis of net asttts between funds Unrestricted Total FundB Fund¥ 2024 Curr¢ni assets Creditors less than l year Nd 835ets 85,820 12,880) 82,940 85,820 (1880) 81940 UnTe5trictrd Tota] Funds Fundi 2023 Current Sets Creditors Icss than l year Net assets 85.498 (1.440) 84.058 85,498 (1.440) 84,058 IS. Related party tra1106 Durin8 the year the charity received Gift Aid of £20.(KK) (2023: £47.C(KJ) from J S Estai¢8 Limiied and £20,IJX) (2023.. £10,() fTOm Keepfine Limited. Mr Friethnan. a Trusttt of the chariiy, is a dire¢ior of these compani. li