IRIS Accounts Production v18.2.1.62 Other Company accounts True False Pounds 1.3.17 28.2.18 28.2.18 FY Rabbi E Schwartz Rabbi E Schwartz FRS 102 Independent examiner Large and medium-sized companies regime for accounts Full Charities SORP True True True True False True False False iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure075123462017-02-28075123462018-02-28075123462017-03-012018-02-28075123462016-02-29075123462016-03-012017-02-28075123462017-02-2807512346ns0:CharitableCompanyLimitedByGuarantee2017-03-012018-02-2807512346ns15:PoundSterling2017-03-012018-02-2807512346ns0:Trustee22017-03-012018-02-2807512346ns11:FRS1022017-03-012018-02-2807512346ns11:IndependentExaminationCharity2017-03-012018-02-2807512346ns11:LargeMedium-sizedCompaniesRegimeForAccounts2017-03-012018-02-2807512346ns11:FullAccounts2017-03-012018-02-2807512346ns11:CharitiesSORP2017-03-012018-02-2807512346ns16:EnglandWales2017-03-012018-02-2807512346ns11:RegisteredOffice2017-03-012018-02-2807512346ns0:Trustee12017-03-012018-02-2807512346ns0:Trustee32017-03-012018-02-2807512346ns0:Activity102017-03-012018-02-2807512346ns0:Activity102016-03-012017-02-2807512346ns0:Activity112017-03-012018-02-2807512346ns0:Activity112016-03-012017-02-2807512346ns0:Activity122017-03-012018-02-2807512346ns0:Activity122016-03-012017-02-2807512346ns10:WithinOneYear2018-02-2807512346ns10:WithinOneYear2017-02-280751234622017-03-012018-02-280751234632017-03-012018-02-280751234612017-03-012018-02-280751234612016-03-012017-02-28
REGISTERED COMPANY NUMBER: 07512346 (England and Wales)
REGISTERED CHARITY NUMBER: 1142565
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR
ENDED 28 FEBRUARY 2018
FOR
CHASDEI AHARON LIMITED

CHASDEI AHARON LIMITED
CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 28 February 2018










Page

Report of the Trustees 1 to 2

Independent Examiner's Report 3

Statement of Financial Activities 4

Balance Sheet 5

Cash Flow Statement 6

Notes to the Cash Flow Statement 7

Notes to the Financial Statements 8 to 12


CHASDEI AHARON LIMITED
REPORT OF THE TRUSTEES
for the year ended 28 February 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 28 February 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 objects of the charity are:
(i) the prevention of relief of poverty in the UK and Israel by providing grants, items and services to individuals in need
and/or charities, or other organisations working to prevent or relieve poverty, and
(ii) the advancement of the Jewish religion mainly, but not exclusively, through operating a synagogue, running regular
lectures alongside other community services.

ACHIEVEMENT AND PERFORMANCE
Charitable activities
The period proved very successful in terms of both donations received and grants paid.

The charity operates a synagogue which was used by 30/40 people for daily prayers and increased to about 50/60 people
over the Sabbath. In addition lectures on a variety of Jewish subjects were held in the Synagogue which were attended
by an average of 20 people daily.

FINANCIAL REVIEW
Investment policy and objectives
Under its Memorandum of Association the charity has the power to invest in any way the trustees wish.

Reserves policy
The trustees have not established the level of reserves (that is those funds that are freely available) that the charity ought
to have. Reserves are needed to bridge the funding gaps between spending on activities and receiving resources through
voluntary donations and grants. The trustees consider that the ideal level of reserves as at 28 February 2018 would be
three months of resources expended which equates to £202,682.

The actual reserves at 28 February 2018 were £87,803 which is significantly less than the target figure. In calculating
reserves, the trustees have excluded from total funds the restricted income fund and fixed assets. The trustees are
considering ways in which further unrestricted funds may be raised.

Financial results
The financial results for the year to 28 February 2018 are shown in the attached financial statements.

Total income rose from £734,634 to £895,516 and total expenditure rose from £752,268 to £810,727 in comparison
with the previous period .

There was a net increase in funds of £84,789 (2017 - net decrease of £17,634) with total unrestricted funds carried
forward of £87,803 (2017 - £3,014).

FUTURE PLANS
The charity is planning to generate more income for the much needed grants that the charity makes.The charity also
plans to continue to operate the Synagogue and hopes to see a further expansion in the number of users.

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is a company limited by guarantee without share capital and incorporated on 1 February 2011 and registered
as a charity on 23 February 2011.

The company was established under a Memorandum of Association which established the objects and powers of the
charitable company and is governed under its Articles of Association.

In the event of the company being wound up members are required to contribute an amount not exceeding £1.


CHASDEI AHARON LIMITED
REPORT OF THE TRUSTEES
for the year ended 28 February 2018
STRUCTURE, GOVERNANCE AND MANAGEMENT
Recruitment and appointment of new trustees
New Trustees are appointed due to their interest in the work of the charity and their recognised experience in specific
fields which will further support the work of Chasdei Aharon.

Organisational structure
The board of trustees administers the charity and meets at least four times in a year.

Induction and training of new trustees
New trustees are given a full induction by the other trustees of the charity.Trustees can retire when they wish as they do
not serve under a fixed term of tenure.

Risk management
The trustees have undertaken a full risk assessment of the organisation covering financial, operational, regulatory,
governance and management. Various systems and checks have now been put into operation, which are reviewed
annually.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
07512346 (England and Wales)

Registered Charity number
1142565

Registered office
29C Portland Avenue
London
N16 6HD

Trustees
Mr J Barzesky Trustee
Rabbi E Schwartz Trustee
Mr J Stern Trustee

Independent examiner
Raffingers LLP
Chartered Certified Accountants
19-20 Bourne Court
Southend Road
Woodford Green
Essex
IG8 8HD

PUBLIC BENEFIT REPORT
The trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit and
'The Advancement of Religion for the Public Benefit' on particular, when reviewing the aim and objectives and in
planning the charity's future activities. In particular, the trustees consider how planned activities will contribute to the
aims and objectives set.

Approved by order of the board of trustees on 16 October 2018 and signed on its behalf by:



Rabbi E Schwartz - Trustee

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
CHASDEI AHARON LIMITED
Independent examiner's report to the trustees of Chasdei Aharon Limited ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 28 February 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
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of ACCA which is one of the listed bodies

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







Mr Thurairatnam Sudarshan, FCCA
ACCA
Raffingers LLP
Chartered Certified Accountants
19-20 Bourne Court
Southend Road
Woodford Green
Essex
IG8 8HD


17 October 2018

CHASDEI AHARON LIMITED
STATEMENT OF FINANCIAL ACTIVITIES
for the year ended 28 February 2018
2018 2017

Unrestricted
fund
Total
funds
Notes £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 2 895,516 734,634
Total 895,516 734,634

EXPENDITURE ON
Charitable activities 3
Awards and grants made to institutions 730,579 656,543
Awards and grants made to individuals 37,522 67,565
Charitable activities 42,626 28,160
Total 810,727 752,268
NET INCOME/(EXPENDITURE) 84,789 (17,634 )
RECONCILIATION OF FUNDS

Total funds brought forward 3,014 20,648
TOTAL FUNDS CARRIED FORWARD 87,803 3,014

CHASDEI AHARON LIMITED
BALANCE SHEET
At 28 February 2018
2018 2017

Unrestricted
fund
Total
funds
Notes £    £   

CURRENT ASSETS
Debtors 7 132,715 75,247
Cash at bank 15,940 15,940
148,655 91,187

CREDITORS
Amounts falling due within one year 8 (60,852 ) (88,173 )

NET CURRENT ASSETS 87,803 3,014
TOTAL ASSETS LESS CURRENT
LIABILITIES


87,803

3,014
NET ASSETS 87,803 3,014
FUNDS 9
Unrestricted funds 87,803 3,014
TOTAL FUNDS 87,803 3,014
The charitable company is entitled to exemption from audit under
Section 477 of the Companies Act 2006 for the year ended 28 February 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended
28 February 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 16 October 2018 and were signed on its behalf by:




Rabbi E Schwartz -Trustee

CHASDEI AHARON LIMITED
CASH FLOW STATEMENT
for the year ended 28 February 2018
2018 2017
Notes £    £   
Cash flows from operating activities:
Cash generated from operations 1 - 14,705
Net cash provided by (used in) operating
activities


-

14,705

Change in cash and cash equivalents in the
reporting period


-

14,705
Cash and cash equivalents at the beginning of the
reporting period


15,940

1,235
Cash and cash equivalents at the end of the
reporting period


15,940

15,940

CHASDEI AHARON LIMITED

NOTES TO THE CASH FLOW STATEMENT
for the year ended 28 February 2018
1. RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM
OPERATING ACTIVITIES
2018 2017
£    £   
Net income/(expenditure) for the reporting period (as per the statement
of financial activities)

84,789

(17,634

)
Adjustments for:
Increase in debtors (57,468 ) (53,397 )
(Decrease)/increase in creditors (27,321 ) 85,736
Net cash provided by (used in) operating activities - 14,705


CHASDEI AHARON LIMITED
NOTES TO THE FINANCIAL STATEMENTS
for the year ended 28 February 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.

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.
Grants payable are included in the statement of financial activities when approved and when the intended
recipient has either received the funds or been informed of the decision to make the donation and has satisfied all
related conditions. Grants approved but not paid at the end of the financial year are accrued for.

Charitable activities
The cost of charitable activities comprises those incurred by the charity in the delivery of its activities and
services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs
of an indirect nature necessary to support them.

Governance costs
Governance costs comprise those costs associated with meeting the constitutional and strategic requirements of
the charity and the audit fees and costs linked to the strategic management of the charity.

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

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

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions
arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.


CHASDEI AHARON LIMITED
NOTES TO THE FINANCIAL STATEMENTS - CONTINUED
for the year ended 28 February 2018
1. ACCOUNTING POLICIES - continued

Debtors
Debtors are recognised at their settlement amount, less any provision for non-recoverability. Prepayments are
valued at the amount prepaid.

Cash at bank and in hand
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of
three months or less from the date of acquisition or opening of the deposit or similar account.

Creditors and provisions
Creditors are recognised when there is an obligation at the balance sheet date as a result of a past event, it is
probable that a transfer of economic benefit will be required in settlement, and the amount of settlement can be
estimated reliably.

Financial instruments
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments.
Basic financial instruments are initially recognised at transaction value and subsequently measured at their
settlement value except for bank loans which are subsequently measured at the carrying value plus accrued
interest less repayments. The financing charge to expenditure is at a constant rate calculated using the effective
interest method.

2. DONATIONS AND LEGACIES

2018 2017
£    £   
Donations 895,516 734,634

3. CHARITABLE ACTIVITIES COSTS



Direct costs
Grant funding
of activities

Support costs

Totals
(See note 4) (See note 5)
£    £    £    £   
Charitable activities 37,200 - 5,426 42,626
Awards and grants made to institutions - 730,579 - 730,579
Awards and grants made to individuals - 37,522 - 37,522
37,200 768,101 5,426 810,727

4. GRANTS PAYABLE

2018 2017
£    £   
Awards and grants made to institutions 730,579 656,543
Awards and grants made to individuals 37,522 67,565
768,101 724,108


CHASDEI AHARON LIMITED
NOTES TO THE FINANCIAL STATEMENTS - CONTINUED
for the year ended 28 February 2018
4. GRANTS PAYABLE - continued

The total grants paid to institutions during the year was as follows:
2018 2017
£    £   
Agudath Maasei Chesed 7,000 -
American Friends of Emek Beracha 12,000 -
Avnei Miliyim 30,000 30,000
Beis Chinuch Ateres Bonois 15,000 10,400
Beis Ruchel Satmar 10,000 8,840
Beis Yakov Hayshun 15,000 14,800
Beis Yisrael Instituitions 15,000 -
Camp Kiryas Yoel 10,000 5,400
CCSR Ltd 30,269 -
Chasdei Sholom Trust 1,000 28,000
Chedvas Hashabbos 12,500 15,000
Chesed L'Abraham 25,000 15,000
College For Higher Rabinical Studies - 10,000
Cong Neta Sorak Pri 7,200 -
Cong. Talmud Torah Breslow 10,000 10,400
Friends of Dorg 10,000 17,175
Girls school Beis Yehidi 11,000 -
Help for the needy in Hungary 15,000 -
Keren Gemilas Chosidim 10,000 -
Keren Yesomim Fund 15,000 16,000
Khal Chasidei Yeushalayim 15,000 10,000
Kneset Yona 10,000 -
Kolel Breslow 12,000 -
Kolel Chelkas Yakov 10,000 10,000
Kolel Ohel Feiga 9,000 -
Kolel Ponevits 30,000 -
Kollel Mesifta 7,000 7,000
Mifal Zedoko Vchesed Vayoel Moshe 58,000 28,000
Mishkanos Haroyim 17,000 7,200
Mosdos Nesivos Chaim 61,000 25,000
Mosdos Tolne 10,000 10,760
Mosdos Tuv Yerushalayim 15,000 -
Mosdos Yetev Lev Jerusalem 20,000 -
Oor Pene Moshe 20,000 18,000
Oseh Chesed 11,000 92,500
Szlaf 5,000 -
Talmud Torah Kedishas Levy 9,000 -
Talmud Torah Ooor Hamayir 28,060 30,000
Talmud Torah Tashbar 32,900 31,300
Talmud Torah Tuv Yerushalaim 23,250 15,800
Tchabe Kollel Limited - 179,568
Yad Tomech 11,400 -
Yeshiva Heichal Abraham 15,000 -
Yeshivat Birkat Mordechai 5,000 -
Yeshivat Chochmat Shlomo 15,000 -
Yismach Moshe Institute 20,000 10,400
730,579 656,543


CHASDEI AHARON LIMITED
NOTES TO THE FINANCIAL STATEMENTS - CONTINUED
for the year ended 28 February 2018
4. GRANTS PAYABLE - continued

The total grants paid to individuals during the year was as follows:
2018 2017
£    £   

Grants to individuals

37,522

67,565

5. SUPPORT COSTS



Other
Governance
costs

Totals
£    £    £   
Charitable activities 3,146 2,280 5,426

6. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 28 February 2018 nor for the year
ended 28 February 2017.

Trustees' expenses
There were no trustees' expenses paid for the year ended 28 February 2018 nor for the year ended
28 February 2017.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018 2017
£    £   
Other debtors 132,715 75,247

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018 2017
£    £   
Other creditors 58,932 86,673
Accrued expenses 1,920 1,500
60,852 88,173

9. MOVEMENT IN FUNDS



At 1.3.17
Net movement
in funds

At 28.2.18
£    £    £   
Unrestricted funds
General fund 3,014 84,789 87,803

TOTAL FUNDS 3,014 84,789 87,803


CHASDEI AHARON LIMITED
NOTES TO THE FINANCIAL STATEMENTS - CONTINUED
for the year ended 28 February 2018
9. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Incoming
resources
Resources
expended
Movement in
funds
£    £    £   
Unrestricted funds
General fund 895,516 (810,727 ) 84,789

TOTAL FUNDS 895,516 (810,727 ) 84,789


Comparatives for movement in funds


At 1.3.16
Net movement
in funds

At 28.2.17
£    £    £   

Unrestricted Funds
General fund 20,648 (17,634 ) 3,014

TOTAL FUNDS 20,648 (17,634 ) 3,014
Comparative net movement in funds, included in the above are as follows:

Incoming
resources
Resources
expended
Movement in
funds
£    £    £   
Unrestricted funds
General fund 734,634 (752,268 ) (17,634 )

TOTAL FUNDS 734,634 (752,268 ) (17,634 )

10. RELATED PARTY DISCLOSURES

There were no related party transactions for the years ended 28 February 2018 or 2017.