Central Hendon Mikvah - Charities report - 19.1

Central Hendon Mikvah - Charities report - 19.1

CENTRAL HENDON MIKVAH - Company Information

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IRIS Accounts Production v19.1.0.729 Other Company accounts True False Pounds 1.9.17 31.8.18 31.8.18 FY Mr M A Richman Mr M A Richman FRS 102 Independent examiner Large and medium-sized companies regime for accounts Full Charities SORP True True True True True False True False False iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure073349692017-08-31073349692018-08-31073349692017-09-012018-08-31073349692016-08-31073349692016-09-012017-08-31073349692017-08-3107334969ns0:CharitableCompanyLimitedByGuarantee2017-09-012018-08-3107334969ns15:PoundSterling2017-09-012018-08-3107334969ns0:Trustee22017-09-012018-08-3107334969ns11:FRS1022017-09-012018-08-3107334969ns11:IndependentExaminationCharity2017-09-012018-08-3107334969ns11:LargeMedium-sizedCompaniesRegimeForAccounts2017-09-012018-08-3107334969ns11:FullAccounts2017-09-012018-08-3107334969ns11:CharitiesSORP2017-09-012018-08-3107334969ns16:EnglandWales2017-09-012018-08-3107334969ns11:RegisteredOffice2017-09-012018-08-3107334969ns0:Trustee12017-09-012018-08-3107334969ns0:Trustee32017-09-012018-08-3107334969ns0:Trustee42017-09-012018-08-3107334969ns0:Activity122017-09-012018-08-3107334969ns0:Activity122016-09-012017-08-3107334969ns10:WithinOneYear2018-08-3107334969ns10:WithinOneYear2017-08-3107334969ns10:LongLeaseholdAssetsns10:LandBuildings2017-09-012018-08-310733496922017-09-012018-08-310733496932017-09-012018-08-3107334969ns10:OwnedAssets2017-09-012018-08-3107334969ns10:OwnedAssets2016-09-012017-08-3107334969ns10:LongLeaseholdAssetsns10:LandBuildings2017-08-3107334969ns10:LongLeaseholdAssetsns10:LandBuildings2018-08-3107334969ns10:LongLeaseholdAssetsns10:LandBuildings2017-08-31
REGISTERED COMPANY NUMBER: 07334969 (England and Wales)
REGISTERED CHARITY NUMBER: 1140205




















REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE
YEAR ENDED 31 AUGUST 2018
FOR
CENTRAL HENDON MIKVAH
Melinek Fine LLP
Chartered Accountants
First Floor, Winston House
349 Regents Park Road
London
N3 1DH









CENTRAL HENDON MIKVAH
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2018










Page

Report of the Trustees 1 to 2

Independent Examiner's Report 3

Statement of Financial Activities 4

Balance Sheet 5

Notes to the Financial Statements 6 to 7

CENTRAL HENDON MIKVAH (REGISTERED NUMBER: 07334969)
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST 2018
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with
the financial statements of the charity for the year ended 31 August 2018. The trustees have adopted the provisions of
Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)
(effective 1 January 2015).

OBJECTIVES AND ACTIVITIES
Objectives and aims
The objectives of the charity is the promotion of religion by the construction and maintenance of a new purpose built
mikvah for use by the orthodox Jewish community of North West London. The charity also hopes to raise money for such
projects and other charitable operations including the relief of poverty.

The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity
should undertake.

FINANCIAL REVIEW
Reserves policy
The present level of funding is adequate to meet the trustees objectives. The trustees consider the financial position of
the charity to be satisfactory.

Going concern
The accounts have been prepared on a going concern basis because the trustees are satisfied that the charity is able to
raise sufficient funds to meet it's liabilities.

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by
guarantee, as defined by the Companies Act 2006.

Recruitment and appointment of new trustees
Membership of the Charity is open to any individuals or organisations who:
a) apply to the charity in the form required by the Trustees;
b) is approved by the trustees; and

The trustees may only refuse an application for membership if, acting reasonably and properly they consider it to be in
the best interests of the charity to refuse the application.

The trustees must inform the applicant in writing of the reasons for the refusal within 21 days of the decision.

The trustees must consider any written representation the applicant may make about the decision. The trustees decision
following any written representation must be notified to the applicant in writing but shall be final.

Membership is not transferable

The trustees must keep a register of names and addresses of the members.

Organisational structure
The company has 3 trustees; names of members are listed below. The charity is organised so that the trustees meet
regularly to manage the affairs of the company.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
07334969 (England and Wales)

Registered Charity number
1140205

Registered office
First Floor, Winston House
349 Regents Park Road
London
N3 1DH

Page 1
CENTRAL HENDON MIKVAH (REGISTERED NUMBER: 07334969)
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST 2018
REFERENCE AND ADMINISTRATIVE DETAILS
Trustees
Mr B Morris
Mr M A Richman
Mr P Pfeffer - resigned 17.4.18
Mrs E C Noe-Bloom

Independent examiner
Aryeh Melinek FCA
Melinek Fine LLP
Chartered Accountants
First Floor, Winston House
349 Regents Park Road
London
N3 1DH

Approved by order of the board of trustees on 22 May 2019 and signed on its behalf by:



Mr M A Richman - Trustee
Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
CENTRAL HENDON MIKVAH (REGISTERED NUMBER: 07334969)
Independent examiner's report to the trustees of Central Hendon Mikvah ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2018.

Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached







Aryeh Melinek FCA
Melinek Fine LLP
Chartered Accountants
First Floor, Winston House
349 Regents Park Road
London
N3 1DH


23 May 2019
Page 3
CENTRAL HENDON MIKVAH
STATEMENT OF FINANCIAL ACTIVITIES
(INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 AUGUST 2018
2018 2017

Unrestricted
fund		 Total
funds
Notes £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 119,813 56,965
Investment income 2 8 -
Total 119,821 56,965

EXPENDITURE ON
Charitable activities
Charitable activities 88,925 97,143
NET INCOME/(EXPENDITURE) 30,896 (40,178 )
RECONCILIATION OF FUNDS

Total funds brought forward 714,519 754,697
TOTAL FUNDS CARRIED FORWARD 745,415 714,519
The notes form part of these financial statements
Page 4
CENTRAL HENDON MIKVAH (REGISTERED NUMBER: 07334969)
BALANCE SHEET
AT 31 AUGUST 2018
2018 2017

Unrestricted
fund		 Total
funds
Notes £    £   
FIXED ASSETS
Tangible assets 5 749,947 765,900

CURRENT ASSETS
Debtors 6 396 1,250
Cash at bank 1,049 1,470
1,445 2,720

CREDITORS
Amounts falling due within one year 7 (5,977 ) (54,101 )

NET CURRENT ASSETS/(LIABILITIES) (4,532 ) (51,381 )
TOTAL ASSETS LESS CURRENT LIABILITIES 745,415 714,519
NET ASSETS 745,415 714,519
FUNDS
Unrestricted funds 745,415 714,519
TOTAL FUNDS 745,415 714,519
The charitable company is entitled to exemption from audit under
Section 477 of the Companies Act 2006 for the year ended 31 August 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended
31 August 2018 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the
Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the charitable company as
at the end of each financial year and of its surplus or deficit for each financial year in accordance with the
requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act
2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act
2006 relating to charitable small companies.

The financial statements were approved by the Board of Trustees on 22 May 2019 and were signed on its behalf by:




Mr M A Richman -Trustee
The notes form part of these financial statements
Page 5
CENTRAL HENDON MIKVAH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2018
1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been
prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of
Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting
Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015)', Financial Reporting
Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies
Act 2006. The financial statements have been prepared under the historical cost convention.

Financial reporting standard 102 - reduced disclosure exemptions
The charity has taken advantage of the following disclosure exemption in preparing these financial statements, as
permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':

- the requirements of Section 7 Statement of Cash Flows.

Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is
probable that the income will be received and the amount can be measured reliably.

Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the
charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and
the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has
been classified under headings that aggregate all cost related to the category. Where costs cannot be directly
attributed to particular headings they have been allocated to activities on a basis consistent with the use of
resources.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful
life.

Long leasehold - 2% on cost

Taxation
The charity is exempt from corporation tax on its charitable activities.

Fund accounting
All funds held are unrestricted income funds.

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Legal status of the charity
The charity is a company limited by guarantee and has no share capital. Liability of each member in the event of
winding up is limited to £10.

2. INVESTMENT INCOME

2018 2017
£    £   
Interest receivable 8 -

3. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2018 2017
£    £   
Depreciation - owned assets 15,953 15,953

Page 6
CENTRAL HENDON MIKVAH
NOTES TO THE FINANCIAL STATEMENTS - CONTINUED
FOR THE YEAR ENDED 31 AUGUST 2018
4. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 August 2018 nor for the year ended
31 August 2017.

Trustees' expenses
There were no trustees' expenses paid for the year ended 31 August 2018 nor for the year ended
31 August 2017.

5. TANGIBLE FIXED ASSETS

Long
leasehold
£   
COST
At 1 September 2017 and 31 August 2018 797,673
DEPRECIATION
At 1 September 2017 31,773
Charge for year 15,953
At 31 August 2018 47,726
NET BOOK VALUE
At 31 August 2018 749,947
At 31 August 2017 765,900
6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018 2017
£    £   
Other debtors - 1,250
Prepayments and accrued income 396 -
396 1,250

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018 2017
£    £   
Trade creditors 476 -
Other creditors - 48,600
Accruals and deferred income 5,501 5,501
5,977 54,101

8. RELATED PARTY DISCLOSURES

During the year, £48,600 was donated to the charity from a company under the control of one of the trustees.

Page 7