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• truIt￿l 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¢Xp￿atad 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 u￿11808 In the prOV￿lon of grants and d)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 Ins￿lUte of Chart6rod Ac￿Un￿nth 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>)nn￿tion 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 staton￿t 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 In￿me 38,847 32,683 AdJusLYnents for Net10$808 on investments Dlvldends, intarest and rents from Invesknents 13,317 {4,5191 Changes in.. Stocks Tr￿8 and other debtors Trade and other credllors 43,850 81,000 1390,8731 1247,3781 1247,3761 145,000) (110,441) 401,593 287,813 287.813 Caoh g•n8rated from opwabcns Net cash (used In)Mrryn operating activit Cash flow• from Inv••tlng actlvltl•• Dfvidends, Intere8t and rents from Investrnents Proceeds from 8ale of othèr Inv8stm6nts 4,619 {13,3171 18,7981 Net ca$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 FIna￿la1 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 mea￿red at fa Value through income or eXpend￿re. 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$ 0amw￿8d 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 of￿0 subnttnu•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 r￿QgnIsed 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 pU￿1¢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 In￿allY recognised at falr value, unle85 mBnt for an asset is deferred beyond normal bu81r￿8 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$tNment. Other fin8nclal In8tNments are 8Ub8eqUen￿Y measured at falrvalue, wth any changes re¢ognl8ed In the 8tatsment of flnanclal aGllvll•8, wlth the exceptlon of hedging in8truments In a dostgnat&J hedging relatlon8hlp. Flnancial asi•ts that are measured at CO8t or aMort￿l8d ¢08t are r￿aW•d for oblectfve •vlderr of irnpairnont al the end of each reporb'ng dats. If there Is obItt￿ve Ovldonce of impaim8nl an imparnant loss18 recognised under the approprlate headlng in the 8iatement of finanelal act￿￿186 In which the initial galn was recogn18ed. For all equ￿ Initrumerrt• rngardle88 of B￿nIficance, and othor financN assets that are Individual swJnifican( these are assessad indrvidually for IMpai￿ent 0th6"r flnancial assets aro eltl8r a￿1 IndNklually or group•d on the basis of iimilar crndll ￿sk characteri3tk8. y rever8al8 of Impalrment ar8 recognised Immedlately, to the extent that the reversal doe8 not result in a carrying an￿￿nt of the flnanclal a8sel that exceod8 what the carying amount would have been had thé Impalment not p￿0￿$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 pro1￿t 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 und*taken 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