KOL CHAI HATCH END REFORM JEWISH COMMUNITY REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025 CHARITY NO.: 299063 KOL CHAI HATCH END REFORM JEWISH COMMUNITY 434 Uxbrid99 Road Hatch End, Plnner Middlesex HA5 4RG
KOL CHAI HATCH END REFORM JEWISH COMMUNITY IAn unincorporated charity) REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 MAY 2025 CONTENTS Page Trustees, Report Independent Examinerfs Report Summary of RestriGted Funds Statement of FinanGial AGlivitie?¥ Balance Sheet Nnte.q tn the Financi21 Statèments 8-13
KOL CHAI HATCH END REFORM JEWISH COMMUNITY (An uninrorpof4ted Lliarity) TRUSTEES, REPORT FOR THE YEAR ENDED 31 MAY 2025 The trustees present their report and accounts for the year ended 31 May 2025. Objèets and Organisation of thè Charlty and Principal Actlviti8s Kol Chai Hatch End Refomi Jewish Community is a tharity established unaer a ¢naritable tnjst and is governed by its constitution. The objects of the charity are as defined by its constitution and ils principal a¢b'vity is that of a synaqogue and Jewish community. There is an emphasis on the èducational work of the community. The charity is organised and administered by its elected management committee and executlve officers. The management committee meets each month. The executive officers, in addition to attending the management committee meetings, also meet separately every months. The trustees {i.e. the management committee members) have considered the major risks lo which the charity is exposed. Public Benefit The charity's trustees have had due regard to the Charity Commission's public benefit guidance. The moin object1vc of thc charity are the promotion, preservation and obsatvanca of Jewish tradition, and these are set to reflett our faith and communlty alms. Tne focus of our activitie5 15 tlie PlUVlblUli OF plots and burial rites in accordance with tradition and arranging communal events and activities. Dov@lopm@nt, Activities and AchiÈv&ménts thbs Year Kol Chai Hatch End Reform Jewish Community continues to develop the breadth and depth of activities (spiritual and non-spiritu81l that it offers members. The educational, social and tsther charitable works of the charity have ¢ontinued to be pursued and expanded. Balance Sheet and Statement of FiwiaiiGial AGtivilie8 Our Balance Sheet sh¢)ws a healthy level of net assets of £623,914 (2024.. £643,526). The Statement of Fingncial Activitics . that for the year ended 31 May 2025 thè charity recorded a deficit of £4,821 12024.. £24,819) excluding building amortisation and excluding movements on restricted funds. In accordance with OLir long-estahli%hp.d pharitablè principles. we have continued this year to raise money for our own trust fvnds and to collect for the benefit of outstde charities. To minimi8e bank interest gnd Qhargcs the moin operating bank account of tho community holds both restncted ancl unrestricted funtts. The Capital Reserve decreased by £13,216 which comprised building amortisation of £15,449 less £2,233 in regpect of donations for the biiilding fiind and associated Gift Aid. Subsequent Events There have been no significant subsequent events at the date of the signing of this report. page I
KOL CHAI HATCH END REFORM JEWISH COMMUNITY
{An unincorporated charity)
TRUSTEES, REPORT FOR THE YEAR ENDED 31 MAY 2025
Available Funds and Reserves
On the basis that members payinq subscriptions remain broadly at the current level, and donations
and fundr)jyoing efforts continue lo provido addition21 funds, thè year ahead shoiild pnghlp. Ihp.
community io operate wlthln avallable iesouicets ifl [l
KOL CHAI HATCH END REFORM JEWISH COMMUNITY (Ali uninGorpoiated charlty) TRUSTEES. REPORT FOR THE YEAR ENDED 31 MAY 2025 The trustees are elected by the members of the community at the annual general meeting. In the event of any of these offices not being filled at the annual general meeting or falling vacant during the ye_ar Ihp. m2n2gpmg.nt eommittee may appoint 8 suitable member to hold office until the next annual g¢n¢ral meeting. No payments have been made to the trustees in respect of services provided to the charity. statement of the Twstees. Responsibillties The trustees are required by law to prepare financial statemenls for each financial year which give a true and fair view of the state of aff9irs of the charity and its rpsiilts for th21 ypar In prpparing those riiiclllLi£il bliil¢iii¢iiib, Uie Iruslees are required to-. Select suitable accounting policies and apply them consistentty- Make judgements and e8timate$ that ara r03g0nable and prudent. Prepare the financial statements on 8 going concern basis unless it is inappropriate to assume that the charity will Gonlinue in operatson. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy al any time the financial position of the charity. They are a150 respoll5ible for bafeyuardiiiy Ili¥ ¢lbbelb vl Ili¢ ihaiily and henGe for taking reasonable steps ft)r the pvention and detection of fraud and other irregularilies. The accounts have been prepared in accordance with the accounting policies sel out in note 1 to the -titution and The Charitièe IAc¢ount$ and Roports) accounts and comply with thc synagoguc'u con" P<egulations 2UUO. Approval Tliis report was approved by the trustees and signed on their behalf on 2025. Page 3
Independent Examiner's Report to the Trustees of Kol Chal Hatch End Jewlsh Community I report lo the trustees on my examination of the accounts of the charity, set OLrt on pages 5 to 13, for the ye<ir ¥iided 31 Mily 2025. Responsibilities ond ba818 of report A: the charity's trusteeE, you are reepon8ible for tho prgP3ration of tha aceounts in 9ccordance with the requlremenis ofihe Charltles Act 2011 1.the Act"). I report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act and in carying out my examination I have followed all the applicable Directions given by the Charity Commission under section 14Sl5llb} of the Act. Independent Examlnerfs ststement The charity's gross income exceeded f_250.000 and l am qiJ91ifip.d In iindertAkp. thp g.XAmin21inn by bei1i9 a qual&fied niember of the In6tilute of Chartered AcGounlants in England and Wales. I have completed my examination. I conflmi that no material matters have come to my attention in connectson witn me examination which qives me cause to believe Inat, in any materlal respect.. the accounting records were not kept in accordance with section 130 of the Charities Act", or the accounts did not accord with the accounttng records., or the 6GGounls did not Gomply with the applicable requirements oonG¢rning the form and content of accounts set out in the Charities IAccounts and Reports) Regulations 2008 other than any requirement that the accounts give a "true and fairf, view which is not a matter considered as part of an independent examination. I have no concerns and have wme across no other matter5 in conneGlion wiul the ex<llTiiii41iuii lu which attention should be drawn in this report in order to enable a proper understanding of the accounts e reached. errfg •p•ndènt Examiner 24 oq. 2olC Gittlns Mulderrig Ghartered AGGountants Regi8tp.red Auditors 6 High Streot Northwood Middlescx HA61BN Page 4
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KOL CHAI HATCH END REFORM JEWISH COMMUNITY (An unincorpofaied chaniy) BALANCE SHEET AS AT 31 MAY 2025 Notes 2025 2024 FIXED ASSETS Land and buildinqs Fixluies, filliiiys ciTIL* equipin¢nl 616,196 22,567 631,645 28,543 638,763 658,188 CURRENT ASSETS Debtors and pr¢paym¢nts Bank and cash balances 62,280 54,682 106,962 2g,786 78.939 108,725 CREDITORS Amounts falling due within one yeai NET CURRENT ASSETS 28,615 30,729 78,347 T17,110 Tl,9 7JO,104 CREDITORS.. Amounts falling due aftÈr more than one year 93,196 92.658 NET ASSETS 623,014 843,526 Unrestrlcted Funds Income an¢ expen(Jlture account Capital re3erve 289,231 315,030 294,052 328,255 604,270 622,307 Rtricted Funds Welluie luiid PA fund Educational trust fund Rab1.$ ijiscretlonary Nnd Membership Dev¢lopm¢nt fund 2,291 2,201 7.862 5,080 3,539 7.882 5,536 4,664 10 19.644 623,914 21.219 643,526 Page 7
KOL CHAI HATCH END REFORM JEWISH COMMUNITY (An unincorporated charity) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025 ACCOUNTING POLICIES AcGountlng Gonvention These accounts have been prepared under the historical convenb.on and in compliance with FRS102, the FinanGial Reporting Standard applicable in the UK, the Statement of Recommended Practice applicable to chgrili8s. effpc.livg 1 .12niJary ?ni9. and the Charities Act 2011. Golng Concem The trustees consider that there are no material uncertainties over the charity's ability to continue oper81ions end 8¢cordingly Ihc accounts are prcpared on a going concern basis. Fund accounting Unreslrtcteu funds are those whete there are no exteriidlly iiiiyvsed rebtriLlions and Iherefore are avgilgblg for usa at tho diserètion of the trustees to further any of tho eharityg purposes. Restricted funds are subject to striCt10nS on their utilisation declared by the donor or through the terms of an appeal. Incomlng resources All income is included in the statement of financial activities when entitlement has passed to the charity. Resources expended Expenditure is recognised on an accruals basis as a liabil¢ty is incurred. Expenditure includes any -tatement of finoncial VAT which cannot be recovered, and ig claasthed undcr hcadings of thc . activities to which il relates. Tangible assets and depreGiation Th@ fro@hold prp.miqp% p.nmpriqp thp roqt of tho12nd 2nd buildings.. the buildings are amortised at 2Yo of wst per annum but the land is not amorttsed. Fixtures, fittings and equipment are depreciated at the rate of 25.kn of net book value per annum. Income tax payrnents Income tax repayments on subscriptions and donations are credrted to income and expenditure account only when received. or accrued for only when receipt can be anticipated with reasonable certainty. Page 8
KOL CHAI HATCH END REFORM JEWISH COMMUNITY (An unincorporated charity) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025 FIXED ASSETS Land and Buildlngs Thebe GQITipiibe Ilie Ltjbl vf li*iid dnd buil(Jiiigs at Woodridings Yard, HatGh End, Pinner. Middlesex, and include legal and professional fees and other associated costs. 2025 2024 Cost At the beginning of the year Addition- during the year At the end ot the year 872,446 872,446 872,446 Amortisation At the beginning of the yeai Charge for the year 240,801 15,449 22KJ,352 At the end of the year 256.250 240,801 Net Book Valu¢ At the beginning of the year 631.645 647,094 At the ond of tha year 616,196 831,645 Flxtures, ffttlng6 and equipmgnt Al the beginning of the year Additions dLtring the year 98,459 3,547 91,017 7,442 At the end or the year 102,008 98,4Jf9 Depreciation At the beginning of the year f.hArgp. fnr thp. yp2r 71,916 7.523 63,068 8.848 At the end of the year 79,439 71,916 Net Book Value At the beginning of the year 26,543 27,949 At the end of the year ??.fjfi7 26.543 Paqe 9
KOL GHAI MATCH END REFORM JEWISH COMMUNITY (An unincorporated charity} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025 Z02J 2024 DEBTORS AND PREP Income tsx repayments Subscriptions in arrears Accrued in¢ome Other debtors and propaymonts 16,U64 430 25,079 10,707 13,Y>i 2,550 3,447 9,838 52,280 29,786 GREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Taxation and Social Security ubscriplion3 re¢¢iv¢d in advance Other creditors and arualS Bank loan 913 7,496 18,423 1,783 1,288 3,085 20,186 e,170 2tl.615 30.729 CREDITORS: AMOUNTS FALLING DUE FTER MORE THAN ONE YEAR Bank loan 93,196 92,658 To assist in the financing of improvements to the synagogue building in 2021, the community entered into a loan agreement ¥Mth Kingdom Bank. The total amount bofrowed amounted lo £170,963. The capital balance outstsndin9 at 31st May 2026 had been reduced to £94,979120?4.. £98,828). Interest is charged at a variablo rate, which stood 816.65% al the dale of approval of these accounts. Thelgan terni was 0ri9inally set at 30 years. Monthly instalmpntq nf rADital 5Jnd interest are being paid. If cash flow requirertTent5 <illvw, il is iiilviition of11?e Ttusl¢¢s to periodically make additional Capital repayments in order to shorten the loan tem and save interest charges. Page 10
KOL CHAI HATCH END REFORM JEWISH COMMUNITY (Ali ui1i116tpOraIed Gliaaty) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025 5 INCOME AND PENDIT RE ACCOUNT 2026 2024 Surplus brought foward Deficit for the year 294,052 -20.270 273,782 15,449 289,231 318,871 40,268 278,803 1J,449 294,052 "I ranster ex Gaprtal Keserve (Note 6)- Buil¢Jing Amortisatlon Surplus carr forward Mana ement and Administratlon Ex Salaries, fees and National Insurance Jewish Joint Bunal Societv Reform Judaism member6hip lavy oard of Deputies fees Insurance Printing, postage and ststionery {incl. Koleinu) Books Bank charge5 ?n¢J intere51 Building services, maintenance and renewals Sundry expenses Depreciation gnd 3mortis*inn Loan inlefest Rabbi's expenses Membership of Citizens UK Indep@ndent examination of accounts Dookkeeping Computer and database expenses Advertising enses 136.230 22,903 29,833 495 3,439 8,525 129.153 9,531 27,743 495 4,017 7,761 4744 3,032 20,555 4,380 24.297 8,383 2,539 3,973 16,271 2,325 22.972 6,502 1,956 1,250 1.200 6,075 8.808 850 1,200 7,200 8.799 274,963 264,429 other Dir¢Gt Charitable Ex ense8 Relrgion School expenses (incl. salaries & national insuran) High Holyday and other religious services Fundraising costs 17.991 21,850 3,245 20,997 26,641 3,531 43,086 51,169 Page11
KOL CHAI HATCH END REFORM JEWISH COMMUNI (An UninWlPUl¢tl¢¢J litrily) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025 2025 2024 GAPITAL RESERVE Balance brought fotward Amortisation on building {note 21 Donations received in the year re bLJilding works Gtft Aid relating to donations re buildinq woN(s Balanc8 carried forward 328,255 -15,449 1,600 b33 315,039 340,854 -15.449 2,210 640 328.255 YIELFARE FUND The Vvelfare Fund was established to allow the trustees lo make specific donations, a$ Ihey see fil, to needy causes in the communty. These funds represent donatrons specifically designated for Ihis purpose. Balance brought forward and carried fo¢ward 2,291 2,291 Represènted by: Bank and cash balance3 2,291 2,291 PA FUND The Parents. Association IPA) Fund was established lo support the activeS of the religion school. Funds are raised from specific donations and fijndraising events. Balance brougm forward and carried forward 866 R8prtsonted by.. Bank and cash balances 8R A6 Pag¢ 12
KOL CHAI HATCH END REFORM JEWISH COMMUNITY (An unincorporatea cnalliyi NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025 EDUCATIONA TRUST FUND The EducatT"onal Trust Fund, founded In the memory of one of our eamy meml)ers, Is available to=ponstsr any membor parttcipating in a eourso or gvgnl intended to further Jewish Igaming or identity. The fijnd receives specffic donations. 2025 2024 Brought forward and carried forward Donations made in the ygar Donations re¢elved In the year 7,862 8,562 -700 Balance rried forward 7,862 7,862 REPr¢1]i¥d by: Bank and cash balances 7,862 7,862 10 RABBI'S DISC The Rabbi's OiKrelionary Pund was estaDlisned io allow Ihe rabbi to maKe specmc donatlons for ¢haritable purposes, as he or she sees fil. The fund represents donats.ons for this purpose from both inside and outside the Comrnunity. Balance bTought forward Donations made in the year Donats'ons received in the vear 5,536 -750 300 7,946 -3.760 1,350 Balance Carried forward 5,086 5,536 Ropresented by: Bank and eagh balances 5.536 MeMBERSHIP DEVELOPMENT FUND The Membership Development Fund was estsblished to provide financial SLtpport for wojects or activit5 designed to grow membership. Balance brought forward Donations made in the year DOnatOn$ reeèived in the. yA.Ar s,000 -336 -1,125 Balance carried forward R8pres8ntèd by: Bank and ¢g?h balances 3,539 4,664 Page13