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 [￿lnqitinn and we should be able to settle bills during the period of at least 12 nYJnlhs following the approval of the accounts. The major risk to the community is if membership subscription income is not sufficient to cover its expenditure. For this reason, the trustees continue to keep careful control over expenditure_ The trustees endeavour to set SLibscriplion* at A rp_21iqtir. lÈvÈl sufficient to meet routine expenditure. 7i¢1i selliii9 Imembership Subscription leve13, the trustee8 8130 bear in mind Ihet many mcmber ore on low fixed incomes, and aGcordingly reductions In the level ot sUb￿rIptIonS are agreed in some cases. The treasurer monitors the cash resourTrs of the community on a regular basis lo er¢sure that bona fide expenditure can be settled on a prompt basis. Volunteers The charity benefits from the substsntial use of the SeNi￿S of volunteers, many of whom are Iru*tees. Trustees The honorary offlGer5 as defined in Uie Luilbliluliuii, 109ellier with the other member3 of the management committee, gre the tru#teÈs of the r.h2rity ThÈr@ 2re no other trustees. Page 2 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 p￿vention 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 ID l)I￿ (to SP8-k8-8" o o)a) QJ EU ( r- rn LY)- ou) o Tht ¢D ￿>ti) tsi+ri rr Q p) o) ¢0 (O v O) 0 ¢7) v) Q Q(y q o - V4 Ii,ii IliE' c J L CCU J ILL tc¢n 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 R￿tricted Funds Welluie luiid PA fund Educational trust fund Rab￿1.$ 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 a￿rualS 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