Kehal Munkatch Limited - Charities report - 21.1

REGISTERED COMPANY NUMBER: 08676852 (England and Wales)

REGISTERED CHARITY NUMBER: 1157128

KEHAL MUNKATCH LIMITED

(A COMPANY LIMITED BY GUARANTEE)

REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2020

Page

Reference and Administrative Details

1

Report of the Trustees

2

Independent Examiner's Report

3

Statement of Financial Activities

4

Balance Sheet

5

to

6

Notes to the Financial Statements

7

to

10

TRUSTEES

J Lipschitz

C A Honig

C Klein

REGISTERED OFFICE

First Floor

94 Stamford Hill

LOndon

N16 6XS

PRINCIPAL ADDRESS

47b Oldhill Street

London

N16 LU

REGISTERED COMPANY NUMBER

08676852 (England and Wales)

REGISTERED CHARITY NUMBER

1157128

INDEPENDENT EXAMINER

Sugarwhite Meyer HS Ltd

First Floor

94 Stamford Hill

London

N16 6XS

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 30 September 2020. 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 2019).

REFERENCE AND ADMINISTRATIVE INFORMATION

The information is shown on page 1 of the financial statements and forms part of this report.

OBJECTIVES AND ACTIVITIES

Objectives and aims

The objects of the charity are, the advancement of the religion and education in accordance with the Orthodox Jewish Faith, the relief of poverty and such other charitable objectives recognised by English law. The charity supports a place of worship and actively promotes studies and research in various forms of Jewish religious subjects.

The trustees confirm that they have given due regard the Charity Commission's guidance on public benefit.

ACHIEVEMENT AND PERFORMANCE

Charitable activities

There was a slight increase in income but expenditure increased by about 10%, there was a deficit for the year.

FINANCIAL REVIEW

Reserves policy

The trustees do not seek to maintain reserves, other than to ensure that they can continue the activities

of the charity. Reserves at the year end were £13,350.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is constituted as a company limited by guarantee and is governed by its Memorandum and Articles of Association dated 4 September 2013.

Organisational structure

The day-to-day affairs of the company are administered by the trustees. It is not the intention of the trustees to appoint any new trustees. Should the situation change in the future, the trustees will apply suitable recruitment induction and training procedures.

Risk management

The trustees have reviewed the major risks to which the charity is exposed and confirm that they have established systems to mitigate them.

Approved by order of the board of trustees on 11 May 2021 and signed on its behalf by:

C Klein - Trustee

Independent examiner's report to the trustees of Kehal Munkatch Limited ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 September 2020.

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.

M Hager FAPA ACCA

Sugarwhite Meyer HS Ltd

First Floor

94 Stamford Hill

London

N16 6XS

11 May 2021

2020

2019

Unrestricted

Total

fund

funds

Notes

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

73,364

75,249

Investment income

2

-

26

Total

73,364

75,275

EXPENDITURE ON

Charitable activities

3

Charitable activities

74,978

68,231

NET INCOME/(EXPENDITURE)

(1,614

)

7,044

RECONCILIATION OF FUNDS

Total funds brought forward

14,964

7,920

TOTAL FUNDS CARRIED FORWARD

13,350

14,964

2020

2019

Total

Total

funds

funds

Notes

£

£

CURRENT ASSETS

Debtors

9

3,000

-

Cash at bank

11,191

19,165

14,191

19,165

CREDITORS

Amounts falling due within one year

10

(841

)

(4,201

)

NET CURRENT ASSETS

13,350

14,964

TOTAL ASSETS LESS CURRENT LIABILITIES

13,350

14,964

NET ASSETS

13,350

14,964

FUNDS

Unrestricted funds:

General fund

13,350

14,964

TOTAL FUNDS

13,350

14,964

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2020 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 provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 11 May 2021 and were signed on its behalf by:

C Klein - Trustee

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 2019)', 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.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, Donations are accounted for when received. All other income is recognised on a receivable basis.

Expenditure

Liabilities are recognised in the year in which they are incurred and includes irrecoverable VAT which is reported as part of the expenditure to which it relates.

Grants are only recognised in the accounts when paid.

Support costs are those incurred to assist the work of the charity but are not direct charitable activities.

Governance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.

Taxation

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

Going concern

There are no material uncertainties about the charity's ability to continue.

2.	INVESTMENT INCOME

2020

2019

Unrestricted

Total

funds

funds

£

£

Deposit account interest

-

26

3.	CHARITABLE ACTIVITIES COSTS

Grant

funding of

Direct

activities

Support

Costs (see

(see note

costs (see

note 4)

5)

note 6)

Totals

£

£

£

£

Charitable activities

55,667

17,015

2,296

74,978

4.	DIRECT COSTS OF CHARITABLE ACTIVITIES

2020

2019

£

£

Synagogue events

29,968

23,727

Synagogue upkeep

25,699

25,382

55,667

49,109

5.	GRANTS PAYABLE

2020

2019

£

£

Charitable activities

17,015

14,630

The total grants paid to individuals during the year was as follows:

2020

2019

£

£

Study grants

8,790

14,630

Relief of poverty

8,225

-

17,015

14,630

6.	SUPPORT COSTS

Governance

Other

costs

Totals

£

£

£

Charitable activities

1,203

1,093

2,296

Support costs, included in the above, are as follows:

2020

2019

Charitable

Total

activities

activities

£

£

Sundries

1,203

3,892

Independent examiner's fee

420

300

Independent examiner's other fees

420

300

General expenses

253

-

2,296

4,492

7.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 30 September 2020 nor for the year ended 30 September 2019.

Trustees' expenses

There were no trustees' expenses paid for the year ended 30 September 2020 nor for the year ended 30 September 2019.

8.	AVERAGE NUMBER OF STAFF

The average number of staff in the year was Nil (2009 - Nil)

9.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Other debtors

1,000

-

Loan

2,000

-

3,000

-

10.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Accrued expenses

841

4,201

11.	RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 30 September 2020.