CHARITY REGISTRATION NUMBER: 296981 CHESED CHARITYTRUST Unaudited Financlal Statements 28 February 2023 G A HARRIS & CO LIMITED Chartered accountants Brulimar House Jubilee Road, Middleton, Manchester England M24 2LX
CHESED CHARITY TRUST Flnanclal Statament8 Perfod from 6 Aprll 2022 to 28 F•brnary 2023 Pag• Tru8tee8' annual report Independent exarnineV8 report to the tN8tee8 Statement of financial actNitie8 Statement of financial position statement of ca8h flows Note8 to the financlal 8tatements
CHESED CHARITY TRUST Tru8t••8' Annual Roport P•rlod from 6 April 2022 to 28 F•bruary 2023 The tru8teeB pre8ent their report and the unaudited financLql 8tatemenl8 of the charlty for tho perlcd ended 28 February 2023. R•fernnc• and 1dm1nl•trnt dotsl Regl•tored charlty name CHESED CHARrrf TRUST Ch•rfty r•gl•trntlon numb•r 296981 Prfnclp•l offlco 71 Brfdge Lane London NW110EE Th• truItl P Toba H Wojner L M Halpem Ind•p•nd•nt •xamln•r Gary Harris Brullmar Hou Jubilee R(xd. Middlelon, Manche8ter England M24 2LX 8lnKtUrni govornanco •nd m•n•gom•nt The chartty18 controlled ty Its govemlng documen( a d8ed of tru61, and eon8Itut8s an unlnC¢Xpatad charity. tru8t888 ar8 Inducted Into the worf(Ing8 of the chaty by the tN8ts88. The trustees admlnlst8r the d8y4&d8y affair8 of thè ehadty. Al tru8t808 give thelr time voluntsrfly and receive no benefits from the charity. N(e of the tru8tee8 have any beneflclal Intwest In the charfty. ObJ•cUv•• •nd actl¥lt The oblects of the chartty 8rn to furthar those pur• rwJgnlzad as charftable by Engllsh law. tho charity reciev88 incom6 mainty Irom ehadtable donatlon8whlch11 u11808 In the prOVlon of grants and d<Jnations to tha poor ané ne6dy. The chaty 8180 make8 d16tr1butk*) of food to tho poor and needy through its Pesach prolecL A¢hl•vom•nts and p•rforni8nc• Incomo from donatkjns aggregated £774,889 {2022.. £811,880)tot81 grants gen aggrngatsd £251.160 (2022= £168,755)
CHESED CHARITY TRUST Tru8tOO8' Annual Report{1•$•) P•rlod from 6 April 2022 to 28 February 2023 Fln*nelal Mvléw Durlng the year the charhl88 Ineornlng mources 8xcaad•d tho ouigolng resourc. Th• trust•88 are 8atlsfi8d wlth the r88uts for th8 year. A8 at 28th February 2023 the charity had unrestrlcled lund8 01£276,48812022.' £237,841) Thè trustsè&' annual réport wal approv•d on 13 August 2024 and signed on behatf ol the board of tru8te88 ty: L M H8Ip6rn Trustee
CHESED CHARITY TRUST Ind•pend•nt Examin•rf• Report to the Tru•t•o• of CHESED CHARITY TRUST P•riod from 6 April 2022 to 28 F•bruary 2023 I report lo the trustees on my oxamlnallon of tho financlal 8tatomgnts of CHE8ED CHARrrY TRUST {Ihe chartty,) for the pfjrfod ondod 28 Fobruary 2023. RMpon•lbl1ltl and ba•1• of Mport As tho tru8t689 of the chartty you are r8spon8lble for the preparallon of the flnanclal st£tement8 In accordance wlth th• rnqulmments oftrtre Charft188 Act 2011 ('the Arf). I reptxt in re8pect of my examination of the charity'8 finanaal Btatements carrled out under 8ecllon 145 of tha 2011 and in carrying out my examination I h8ve followed 911 the appluble Directions gten by the Chartty Commission under $tion 145(5)(b) of the Act. Ind•p•nd•nl •MrnIn•9 •tat•m•nt Since the chanty's gros8 incom& exceoded £250.000 your ex8mlner must ba a member of a l>)dy liBtod In sectlon 145 of tho 2011 ACL l ¢onilrm that l am quallfled to undertake the 6x8mlnallon becau8e l am a member ofthe InslUte of Chart6rod AcUnnth in England and Wal88 {ICAEW). whkh18 one ofthe 118tod bodl•$. I have completed my 8X8mln8tlon. I C4)nfim Ihat no matarfal matter8 have to my attentlon In connecoon tho ax8mlnatlon glvlng me cau8e to ballove that In any malerf81 respect. accounting rècords were not kept in r88PaCt of thé Charity as rBquirnd by 8ectian 130 of the tor the flnandal ststem8nts do rK)t accord wlth those reKord8,' or the flnandal 8tat*nents do not compty with thé applicabla requir•m•nts conceming the form and content of accounts set out In the ChartUe8 {A£counts and Repcrt8) Regulations 2008 other than any requirement that the accounts @e a tue and falf vlew which L8 not a matter considered a8 part of an independent examlnatk)n. I have no concem8 and havo coma acro no othor matters in I>)nntion with the examination lo which attentlon should be drawn In thls report In ordor to enable a proper undor8tandlng of the 8¢¢ounts to bo reached. Gary Hard8 Independent Examlner Brullrror House Jubiloo Road, Middleton, Manchester England M24 2LX 13Aug 24
CHESED CHARITY TRUST ststement of Flnanclal Actlvltl•• Perlod from 8 Aprfl 2022 to 28 February 2023 P•rlod from 6 Aw 22 to 28 Fob 23 Unrestrlcted fvnd8 Total fund• Total fund8 Yèar to 5Apr22 Income and •ndowmants Oonalions and l&3acie8 Charltab16 actfvllies Invesbront Inco 774,889 35,925 714,869 35,925 811,879 80,500 4,519 878,898 Total Incom0 810,814 810.814 expondltur• Expenditure on charftsbk actlvM88 Total oxp•ndltur• 772,167 772,187 772,187 772,187 830,918 830,918 Net108888 on Inve8tments (13.317) Not Incom• rHI n•t mov•m•nt In fund• 38,647 38.647 32,883 R•conclllatlon of fund• Totd funds brought fonNard Total funds c•rrl•d fonyard 237,841 278,488 237,841 278,488 205,178 237,841 The statont of flnanclal a¢tivitt•s Includ•8 all galn• And1086e8 racogni58d In the year. Al Income and oxpenditure derive from continuing aCtNit. Th• on pllg•• 7 to 12 f+3rn1 Part olth•• ftn•nclAI •t•t•m•nt
CHESED CHARITY TRUST Stat•mont of Flnancial Po•itlon 28 Fébruary 2023 28 F•b 23 5Apr22 Not• StockA Debtor8 Cash at bsnk and In hand 12 13 1,150. 49,441 238,617 287,208 45,000 110,441 483,993 639,434 Cr•dlt<)r•: amounts filllnq du• wmhln on• y• Not eurrnnt a•8•ts 14 10,720 276,488 278,488 401,593 237,841 237,841 Totsl a••ot• Ims CUff•nt Ilabllhl•• Fund• of th• ch•rlty Unrvtrlot•d fiJnd• 278.488 237,841 237,841 Totsl chartty fund• 15 278,488 These fin8ndal 8tAtements We approved by tha toard of Iru8tee8 and authorised for i88ue on 13 Aug 24. 8rKI are 81gnod on behalf of the board by: L M Hdpem Tru5tae Th• not•• on PafP• 7 to 12 forni p•rt ofth•M fln•DBl•l •tst•m•nts.
CHESED CHARITY TRUST Statsm•nt of Ca•h Flow8 Poriod from 6 Aprfl 2022 to 28 February 2023 28 F•b 23 5Apr22 C••h flt)w8 from •)P•rntlng •otlvltl•s N•t Inme 38,847 32,683 AdJusLYnents for Net10$808 on investments Dlvldends, intarest and rents from Invesknents 13,317 {4,5191 Changes in.. Stocks Tr8 and other debtors Trade and other credllors 43,850 81,000 1390,8731 1247,3781 1247,3761 145,000) (110,441) 401,593 287,813 287.813 Caoh g•n8rated from opwabcns Net cash (used In)Mrryn operating activit Cash flow• from Inv••tlng actlvltl•• Dfvidends, Intere8t and rents from Investrnents Proceeds from 8ale of othèr Inv8stm6nts 4,619 {13,3171 18,7981 Net ca$h u86d In lnve8tr.ng activiti88 Not {d•croa••lllner•ue In •h and cuh •qulval•nts C••h and ca•h •qulvalonts at boglnnlng of pertod Cuh and ctsh •qulvalent• at •nd p•rlod {247,37ei 483,993 238,817 278,815 205,178 483,993 Th• notw on 7 to 12 h>mi p•rt of th••• flMncl•l •t•t•m•nl•.
CHESED CHARITY TRUST Noto• to th• Flnanelal Statsmonts P•rlod from 6 Aprfl 2022 to 28 F•bruary 2023 G•n•r•l Inlorni•Uon The charty Is a publk benefft enlty and a reglstered charty In England and Wales and 18 unincorporated. Tho address of the pdnclpal afflc818 71 Bddge Lan8, LoThJon, NW11 OEE. 1 8tal•m•nt of compllan These flnanclal statements have been prepared in compliance with FRS 102, The FInala1 Reportlng Standard appllcablo In tho UK and the Republic of Iroland,, the Statement of Recommended Pracuce appllcable to charttle8 preparlng Ihelr aKounts In accordanc• with th Financial Reporting Standard applicablg in the UK and Republic ot lrnland (FRS 102) (Chadtle8 SORP (FRS 102)) and th• Charities Act 2011. Ac¢ountlng polklo8 Ba•1• of pr•paratlon The ffftancial itat•mants h8v• bo praparad on the hi8tOriC81 c08t basis, 01 modlfled by the revaluatlon of certain financial 88sats and liabilltlel grKI investment proportlas meared at fa Value through income or eXpendre. The financial statements are prepared In sterflng, whlch18 the fvncuonal currency of the entity. Golng eone•m There are no material UncertaIrrt about the charitys ablllty to cwttnue. Fund accounung Unre8tricled fvnds gre available for use at Iha dlscrnlon of the tru8taes to fvrther any of tha charty's purpos86. Deslgnated fiJnd8 are unrn8td¢lad fund$ 0amw8d by tho tfU8tee8 p8rtlcular futurn prolact or commltmenL Restdcted fvnds are sublected to resldctlon8 on th6lr expendlture dedared by the donor orthrough the tsrn cf an apped, and fall into one of0 sub<la8869'. rostiicted Inco fvnds or endowrnonl funds.
CHESED CHARITY TRUST Nots• to th• Financlal Stst•ments (cMIYnu•dJ Poriod from 6 Aprfl 2022 to 28 February 2023 Ac¢ountlnq pollclM (conrfnii• Incomlng r••ourc•s All Inc¢)mlng rogource8 are Indudod In the Btat•m•nt ol flnanclal activtba8 when entitlement h pa886d to the thartty., It18 probable that the aconomlc benefits associal6d th the transaction wlll flow to the charfty and the amount can bo rnliatAy measured. The folk)wlng spochlc pJlicie8 are appll6d to p8cUlar catsgorl85 of incom•: income from donatlon8 or grants 18 re¢ogn18ed whan thor• 1$ evldenc8 of enotlerrt to tho gift. receipt is wobable and its amount can be measured rnllably. logacy Incorne18 CognIsed vthen recelpt18 probabk? And enlltlement Is eStab1h6d. Incom8 from donated goodj l m88sured at tho fair value of the gwds unl888 this L4 Impractlcal to measuro rellably, In which ca8è tha value Is derived from the COBt to th• donor or the estlmated ro88le value. Donaiad facllltSes and service8 aro rocognl8ed In the accounts when roce1v If the value can b8 roll8Y measured, No alrUnts arn included" for tha contribubon of general volunte¢r•. Income from contr8cts for the iupply of servlce8 is recoani5ed wtth the dellvery of th8 corrtract•d seNlce. Thil li clu8ified as unre8tricted fvndg unless thar8 a contracbJal qulr•mant for it to bé Spént on a partiujlar purpoge ar retumed K un8penL In whlch ca6e may be regardéd 88 re8trlcted. RMourco• •xp•nd•d Expenditur• Is recognL8ed on an accruals basls a8 a Ilabllity18 Ineurtèd. Exp8ndlture Includes arry VAT which cannot be fvlly recovered, and IJ claJ81fied un h8adlngs oftho staterrnnt OfflnancI actNitias to whlch It relaleB.' expenditure on rai8lng fvnds includes th8 costs of 811 fundrnlsing actlvltk8, evonts, non- charitsblo tradlng activities, ond the sale of donat•d goods. expenditure on charitabb8 •ctivltt•s Includes 1 costs Incurred by a chartty in Undertang act'vities that further Its charitabl• 8im$ for the benefft of benefi¢iarleB, Indudlng th06e support costs and costs relating to tha goveman¢e of tho charRy 8PPOrtloned trj chadtable activities. oth•r8xpendlture InGfudo8 all expendSture that Is nelther rolatod lo rnlBlng fvnd• forthe cttarty nor part of Its expendlture on charitable actlvrties. All costs are allocated to gxpendknre catagoth refiecting th• use of the rojource. Dlroct costs attributabl6 to a Single aotivtty are allocat•d dlrectty to that actlvlty. Shared costs aro èpportloned befvffjen tho a¢tNltle6 th8y contrlbute to on a rnawiable, ju6t1fiae and con¥l8lent bAJii. 8tock• Stocks are mwured ot tha lower of cosl and estlmatèd s•lling price less costs to completa 8rKI 8011. Cost Includ88 all Costs of puhaSe, colts of conver81on arKI oth8r co8ts Incurr In bdnglng the Btock to its present k¢ation and condition.
CHESED CHARITY TRUST Nots• to th• Flnanclal Statements (conthu•41 P•rlod from 6 Aprfl 2022 to 28 Fobruary 2023 Accountlng pollclo• (o¢>nttnu•47 Flnanelal lrntrum•nt• A financlal a88et or a Ilnanclal liability is r8cognkgod onty when the charity beccme8 a party to the contractual provlslons of the in8trumenL Ba8 financk21 instruments are Inltslty rQgnIsed al the amount recelvable or payablè Includkng any r•lat•d tr8nJacllon costs. Currenl assets and current liabilitiés are sub8equently measured at tho eth or otherconslderatlon expected to be pa or recafved and not di8counted. Debt In8truments are 8ubwuontty measured at 8moiti88d c08L 14Vhere invo8tm8nts in share8 are pU1¢1Y traded or thelr falr value can otherwlse be méa8ur8d relhbly. tho inv••tm•nt h •ubwu•ntJy moa•ur•d •t folr volu• wlth ¢hang•• En talr v#lu• recogn18ed in income and expondlture. All other 8uch Inv88tm•nts aro Jubsequénlly meagured at cost le•1 Impaimient. other financial instruments. Includlng derivativo8, aro InallY recognised at falr value, unle85 mBnt for an asset is deferred beyond normal bu81r8 tam8 or flnancwj at a rate of Interest that Is not a market rdte, in which c88a the a88et18 me88ured al the present value of tho futur• p3yments discounted at a market rats of Inière8t for a 8snNlar debt in$tNment. Other fin8nclal In8tNments are 8Ub8eqUenY measured at falrvalue, wth any changes re¢ognl8ed In the 8tatsment of flnanclal aGllvll•8, wlth the exceptlon of hedging in8truments In a dostgnat&J hedging relatlon8hlp. Flnancial asi•ts that are measured at CO8t or aMortl8d ¢08t are raW•d for oblectfve •vlderr of irnpairnont al the end of each reporb'ng dats. If there Is obIttve Ovldonce of impaim8nl an imparnant loss18 recognised under the approprlate headlng in the 8iatement of finanelal act186 In which the initial galn was recogn18ed. For all equ Initrumerrt• rngardle88 of BnIficance, and othor financN assets that are Individual swJnifican( these are assessad indrvidually for IMpaient 0th6"r flnancial assets aro eltl8r a1 IndNklually or group•d on the basis of iimilar crndll sk characteri3tk8. y rever8al8 of Impalrment ar8 recognised Immedlately, to the extent that the reversal doe8 not result in a carrying annt of the flnanclal a8sel that exceod8 what the carying amount would have been had thé Impalment not p0$ty been recogni86d. Donatlon• and1og•cl Unre8tr1cted Tot•1 Fund• Unrn8trtcted Tot81 Fund8 Fund8 2023 Funds 2022 Don•tlon Oonatlons T74,889 774,889 811,879 811,879
CHESED CHARITY TRUST Note• to the Flnanclal Ststem•nts (eonthu•tsJ Period from 6 Aprll 2022 to 28 February 2023 Charttabl• aetmtl Unr88trlctVAI T>t•l Funds Unmtricted TO Funds Fund8 2023 Fund8 2022 Pe8a¢h pro1t 35,925 35,925 80,500 80,500 Invmtmont Income Unrostrictod Total Fund• Unre8tricbJ Totsl Funds Funds 2023 Funds 2022 Incoma from othor Invg8trn8nts 4,519 4,519 7. Exwdtturn on eharltsblo actlvltS•• by advlty typg It undtaken direcuy Support Tot•l fund• costs 2023 Total fund 2022 Charltable aclvltteB Govemanco ¢OBt8 771,447 771,447 720 830,918 720 771,447 720 772,167 830,918 Not k>••o• on Inv••tm•nt• Unra#trictad Total Funda Unreslrfcted Total Fund8 Fund8 2023 Fund• 2022 Gain$lllo4•es} on other Investment a88tts (13,317> (13.317) Ind•p•nd•nt •xamlnatlon fm• P•rlod from 6Apr22to 28 Fob 23 Year to 5Aty22 Fe88 payablo to the IndeperKlent oxamlner for. Independent examlnauon of the flnandgl ststemont• 720 10. St•ff co•1• The avarago head count af employe88 durfng th8 perfod was Nll (2022.. NII). No empk)y88 rvKefvad employ80 benafflts of morn than £80,OOJ dudng the year (2022.. NII). 10
CHESED CHARITY TRUST Not•• to tho Flnanclal Statom•nt• (coffttnu•o) Porfod from 6 April 2022 to 28 February 2023 11. Tru•t•• r•mun•rntlon and oxpon••• There was no tru8teO8' r8muneration or ¢)thw benefil for the year ended 28th February. 2023 nor for the year end•JJ 5th April 2022. Thare war6 no tru6tees' oxpen8e8 paid for tho year ended 28th Fabruary 2023 nor for the yoar ended 6th Aprll 2022. 12. StKk• 28 F•b 23 5Aw22 Raw mataria18 and consumabla¥ 1,150 45,IX 13. Debtor• 28 Feb 23 SApr22 Other debto 49,441 110,441 l& Cr•dltorn.' amounts falllng du• wlthln on• yur 28 F•b 23 SAw22 Trade cr&Jitorn Other credltors 10,720 381,593 20,000 401,593 10,720 1& An*91• of charftabl• lund• Unr••trlct•d fund• At Gains and 28 F0bru•ry 108se8 2023 8 Aprfl 2022 Income Expendlture Ganernl funds 237,841 810.814 ITT2,187) 278,488 Gaini and los8e8 5 Aprfl 2022 e Awil 2021 Incorro Expenditur• G•n•ral fvnd8 205,178 876,898 {830,918) (13,3171 237,841 11
CHESED CHARITY TRUST Not•s to tho Flnanclal Statements Period from 6 Aprll 2022 to 28 F•bruary 2023 16. Anaty¢ of not •••ot• tsat•n fund• Unre8fficted Total Fund• Fund8 2023 Current as6ets Creditors less than 1 yoar Not 888ots 287,208 (10,720) 278,488 287,208 (10.720) 27e.488 Unrestricted Total Funds Fund8 2022 Current as$8ts Credit¢xs1081 than 1 yo•r Not a••ot• 639,434 839,434 (401,593) {401,593) 237,841 237,841 12