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REGISTERED COMPANY NUMBER: 07512346 (England and Wales)
REGISTERED CHARITY NUMBER: 1142565












REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

CHASDEI AHARON LIMITED

CHASDEI AHARON LIMITED






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 28 February 2023




Page

Report of the Trustees 1 to 4

Report of the Independent Auditors 5 to 8

Statement of Financial Activities 9

Balance Sheet 10

Cash Flow Statement 11

Notes to the Cash Flow Statement 12

Notes to the Financial Statements 13 to 19

CHASDEI AHARON LIMITED (REGISTERED NUMBER: 07512346)

REPORT OF THE TRUSTEES
for the year ended 28 February 2023


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 2023. 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).

OBJECTIVES AND ACTIVITIES
Objectives and aims
The objects of the charity include:
(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.

ACHIEVEMENT AND PERFORMANCE
Charitable activities
The year under review was marked by soaring inflation which resulted in a significant cost of living crisis for families and individuals in the UK and abroad. Charitable institutions also struggled with increased running costs as a result of higher energy, staff, food and transport costs which present a challenge to their ability to continue to support their activities.

The trustees, who as a result of their connections with communities in the UK and abroad, are aware of the acute financial situation facing many of the most needy in society, were able to respond to the increased level of applications made to them, and provide much needed assistance. Whilst the trustees priorities applications from institutions where it was felt that their facilities could bring positive change to a larger number of people, they were also able to provide an increased number of grants directly to individual petitioners.

Grantmaking policy
As a charity with close links to the local community and communities abroad, the trustees are approached to assist individuals going through economic hardship as well as charitable institutions that rely on grants to provide their much needed charitable services. The trustees were able to respond to the applications made to them and provided much needed assistance. The trustees assess each of the applications made to them and consider their response based on the individual circumstances, the funds available, and the impact the grant will make in achieving the charity's goals. Where grants are made to charities and other organisations, consideration is given to the operational efficiency and reputation of the recipient charity and the ability of the donation to 'make a difference'.

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
Chasdei Aharon Limited is principally operated as a grant giving charity, and the trustees' policy is to seek to distribute the bulk of the income arising in each financial year as it becomes available. Acordingly, the trustees have not established a strict 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 2023 would be 12 months of administrative costs.

The actual reserves at 28 February 2023 were £938,865 which exceeds the target figure.


CHASDEI AHARON LIMITED (REGISTERED NUMBER: 07512346)

REPORT OF THE TRUSTEES
for the year ended 28 February 2023


FINANCIAL REVIEW
Financial results
The financial results for the year to 28 February 2023 are shown in the attached financial statements.

Total income increased from £6,072,937 to £7,332,606 and total expenditure increased from £5,742,382 to £6,793,561 in comparison with the previous period.

There was a net increase in funds of £539,045 (2022 - £330,555) with total unrestricted funds carried forward of £938,865 (2022 - £399,820).

FUTURE PLANS
The charity is planning to generate more income for the much needed grants that it makes.

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 £10.

Recruitment and appointment of new trustees
The trustees are directors of the charitable company for the purposes of company law and trustees for the purpose of charity law.

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. Additional trustees may be appointed by the existing trustees at any time, either to fill a casual vacancy or as an addition to the existing trustees.

Organisational structure
The board of trustees administers the charity and meets regularly during the 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 been put into operation, which are reviewed annually.

Fundraising
The charity has a good reputation within the local community and has a large pool of regular donors who wish to have a part in the charitable activities of the charity. Existing donors often recommend and encourage other philanthropists to pledge their support to the success of the charity. As such, the trustees do not engage professional fundraisers nor do they undertake public collections or cold calls.

The charity is committed to the principals set out by the Fundraising Regulator in its Code of Fundraising Practice. When donors are approached, this is done with sensitivity and respect and with regard to their circumstances.

The trustees are pleased to report that no complaints were received in the past twelve months in relation to its fundraising activities.

CHASDEI AHARON LIMITED (REGISTERED NUMBER: 07512346)

REPORT OF THE TRUSTEES
for the year ended 28 February 2023

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

Registered Charity number
1142565

Registered office
19-20 Bourne Court
Southend Road
Woodford Green
Essex
IG8 8HD

Trustees
Mr J Barzesky
Rabbi E Schwartz
Mr J Stern

Senior Statutory Auditor
Mr Yedidya Zaiden, FCCA

Auditors
Raffingers LLP, Statutory Auditor
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' in 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.

STATEMENT OF TRUSTEES' RESPONSIBILITIES
The trustees (who are also the directors of Chasdei Aharon Limited for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

-select suitable accounting policies and then apply them consistently;
-observe the methods and principles in the Charity SORP;
-make judgements and estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.


CHASDEI AHARON LIMITED (REGISTERED NUMBER: 07512346)

REPORT OF THE TRUSTEES
for the year ended 28 February 2023


STATEMENT OF TRUSTEES' RESPONSIBILITIES - continued
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

-there is no relevant audit information of which the charitable company's auditors are unaware; and
-the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.

AUDITORS
The auditors, Raffingers LLP, Statutory Auditor, will be proposed for re-appointment at the forthcoming Annual General Meeting.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on 31 October 2023 and signed on its behalf by:





Rabbi E Schwartz - Trustee

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
CHASDEI AHARON LIMITED

Opinion
We have audited the financial statements of Chasdei Aharon Limited (the 'charitable company') for the year ended 28 February 2023 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the charitable company's affairs as at 28 February 2023 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Material Uncertainty Related to Going Concern
As disclosed in the notes to the financial statements, HM Revenue and Customs are currently investigating certain aspects of the charity's activities. Formal assessments have not been raised. The trustees intend to challenge HM Revenue and Customs' position, however if it is upheld, it could result in substantial tax liabilities which could affect the ability of the charity to continue as a going concern. Our opinion is not modified in respect of this matter.

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information
The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Report of the Trustees has been prepared in accordance with applicable legal requirements.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
CHASDEI AHARON LIMITED


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of trustees' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit; or
- the trustees were not entitled to take advantage of the small companies exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Trustees.

Responsibilities of trustees
As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
CHASDEI AHARON LIMITED


Our responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which the audit was considered capable of detecting irregularities including fraud:

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

- the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills identify or recognise non-compliance with applicable laws and regulations;
- we identified the laws and regulations applicable to the charitable company through discussions with management and from our commercial knowledge and experience of the sector Chasdei Aharon Limited belongs to;
- we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the association, including the Companies Act 2006, Charities Act 2011, Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable to the United Kingdom and Republic of Ireland (FRS 102) (effective 1 January 2019), Trustees Act, Bribery Act and data protection;
- we assessed the extent of compliance with the laws and regulations identified above through making enquiries ofmanagement and inspecting legal correspondence; and
- identified laws and regulations were communicated within the audit team regularly and the team remained alert toinstances of non-compliance throughout the audit.

We assessed the susceptibility of the charity's financial statements to material misstatement, including obtaining anunderstanding of how fraud might occur, by:
- making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge ofactual, suspected and alleged fraud; and
- considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations,including the ones that ensure that the grants are used for intended purposes.

To address the risk of fraud through management bias and override of controls, we:
- performed analytical procedures to identify any unusual or unexpected relationships;
- tested journal entries to identify unusual transactions;
- assessed whether judgements and assumptions made in determining the accounting estimates were indicative ofpotential bias; and
- investigated the rationale behind significant or unusual transactions.

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:
- agreeing financial statement disclosures to underlying supporting documentation;
- reading the minutes of meetings of those charged with governance;
- enquiring of management as to actual and potential litigation and claims.

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the trustees and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.


REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
CHASDEI AHARON LIMITED

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Use of our report
This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Mr Yedidya Zaiden, FCCA (Senior Statutory Auditor)
for and on behalf of Raffingers LLP, Statutory Auditor
19-20 Bourne Court
Southend Road
Woodford Green
Essex
IG8 8HD

31 October 2023

CHASDEI AHARON LIMITED

STATEMENT OF FINANCIAL ACTIVITIES
for the year ended 28 February 2023

2023 2022
Unrestricted Total
fund funds
Notes £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 2 7,332,606 6,072,937

EXPENDITURE ON
Charitable activities 3
Awards and grants made to institutions 5,998,177 5,398,158
Awards and grants made to individuals 777,994 329,431
Support Costs 17,390 14,793
Total 6,793,561 5,742,382

NET INCOME 539,045 330,555


RECONCILIATION OF FUNDS
Total funds brought forward 399,820 69,265

TOTAL FUNDS CARRIED FORWARD 938,865 399,820

CONTINUING OPERATIONS
All income and expenditure has arisen from continuing activities.

CHASDEI AHARON LIMITED (REGISTERED NUMBER: 07512346)

BALANCE SHEET
28 February 2023

2023 2022
Unrestricted Total
fund funds
Notes £    £   
CURRENT ASSETS
Cash at bank 950,865 411,820

CREDITORS
Amounts falling due within one year 8 (12,000 ) (12,000 )

NET CURRENT ASSETS 938,865 399,820

TOTAL ASSETS LESS CURRENT
LIABILITIES

938,865

399,820

NET ASSETS 938,865 399,820
FUNDS 9
Unrestricted funds 938,865 399,820
TOTAL FUNDS 938,865 399,820

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 31 October 2023 and were signed on its behalf by:





Rabbi E Schwartz - Trustee

CHASDEI AHARON LIMITED

CASH FLOW STATEMENT
for the year ended 28 February 2023

2023 2022
Notes £    £   

Cash flows from operating activities
Cash generated from operations 1 540,123 331,232
Interest paid (1,078 ) (677 )
Net cash provided by operating activities 539,045 330,555

Change in cash and cash equivalents in the
reporting period

539,045

330,555
Cash and cash equivalents at the beginning
of the reporting period

411,820

81,265
Cash and cash equivalents at the end of the
reporting period

950,865

411,820

CHASDEI AHARON LIMITED

NOTES TO THE CASH FLOW STATEMENT
for the year ended 28 February 2023

1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
2023 2022
£    £   
Net income for the reporting period (as per the Statement of Financial
Activities)

539,045

330,555
Adjustments for:
Interest paid 1,078 677
Net cash provided by operations 540,123 331,232


2. ANALYSIS OF CHANGES IN NET FUNDS

At 1.3.22 Cash flow At 28.2.23
£    £    £   
Net cash
Cash at bank 411,820 539,045 950,865
411,820 539,045 950,865
Total 411,820 539,045 950,865

CHASDEI AHARON LIMITED

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 28 February 2023

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.

Going Concern
HM Revenue and Customs are currently investigating certain aspects of the charity's activities. Formal assessments have not been raised. The trustees intend to challenge HM Revenue and Customs' position, however if it is upheld, it could result in substantial tax liabilities which could affect the ability of the charity to continue as a going concern.

Legal status of the Charity
The charity is a private company limited by guarantee incorporated in England and Wales and has no share capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £10 per member of the charity.

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.

Where income has related expenditure (as with fundraising or contract income), the income and related expenditure are reported gross in the Statement of Financial Activities.

Donations, grants and gifts are recognised when receivable. In the event that a donation is subject to fulfilling performance conditions before the charity is entitled to the funds, the income is deferred and not recognised until it is probable that those conditions will be fulfilled in the reporting period. Income from Gift Aid tax reclaims is recognised for any donations with relevant Gift Aid certificates recognised in income for the year. Any amounts of Gift Aid not received by the year-end are accounted for in income and accrued income in debtors.

For legacies, entitlement is taken on a case by case basis as the earlier of the date on which: the charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the charity that a distribution will be made, or when a distribution is received from the estate.

Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the charity has been notified of the executor's intention to make a distribution. If the legacy is in the form of an asset other than cash or an asset listed on a recognised stock exchange, recognition is subject to the value of the asset being able to be reliably measured and title to the asset has passed to the charity. Where legacies have been notified to the or the charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is a treated as a contingent asset and disclosed if material.

Income received in advance for a future fundraising event or for a grant received relating to the following year are deferred until the criteria for income recognition are met.

Donated goods and services
Donated services or facilities are recognised when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use of the item is probable and that economic benefit can be measured reliably.


CHASDEI AHARON LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 28 February 2023

1. ACCOUNTING POLICIES - continued

Income
Donated professional services and facilities are included in income at the estimated value of the gift to the charity when received, based on the amount that the charity would have been prepared to pay for these services or facilities had it been required to purchase them, with a corresponding entry in the appropriate expenditure heading for the same amount. Donated fixed assets are similarly taken to income at the value to the charity with the other entry being capitalised in fixed assets.

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 received the funds and has satisfied all related conditions.

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 company is considered to pass the tests set out in Sch. 6, para. 1 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the company is potentially exempt from taxation in respect of income or capital gains received within categories covered by Pt. 11, Ch. 3 of the Corporation Tax Act 2010 or s. 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

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.


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.




CHASDEI AHARON LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 28 February 2023

1. ACCOUNTING POLICIES - continued

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.

Critical accounting estimates and judgements
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The Charity makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results.

No judgements (apart from those involving estimates) have been made in the process of applying the above accounting policies.

2. DONATIONS AND LEGACIES
2023 2022
£    £   
Donations 7,332,606 6,072,937

3. CHARITABLE ACTIVITIES COSTS
Grant
funding of
activities Support
(see note costs (see
4) note 5) Totals
£    £    £   
Awards and grants made to institutions 5,998,177 - 5,998,177
Awards and grants made to individuals 777,994 - 777,994
Support Costs - 17,390 17,390
6,776,171 17,390 6,793,561


CHASDEI AHARON LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 28 February 2023

4. GRANTS PAYABLE
2023 2022
£    £   
Awards and grants made to institutions 5,998,177 5,398,158
Awards and grants made to individuals 777,994 329,431
6,776,171 5,727,589
The total grants paid to institutions during the year was as follows:
2023 2022
£    £   
Agudas Tamlud Torah V'yashivas Chayei Olam 300,000 -
Aizer Chasanim Kretchnif - 101,470
Aizer Nesuin Toldot Aharon - 118,300
Bais Hamedrash Yeshias Israel Inc - 123,225
Beis Medrash Hagadol Slonim - 129,800
Beis Medrash Ohel Yeshorim - 100,000
Beis Yakov Hayoshon 384,800 41,500
Bnos Yerushlaim Beit Shemesh 221,330 -
Chesed Leavraham 244,940 119,000
Chinuch Yerusholaim 198,775 206,895
Congregation Mosdos Toldos Aharon 442,310 138,220
Cong Kahal Chareidim - 100,000
Eizer L'Bachurim - 100,000
Hachnasas Orchim Linas Hachesed - 122,975
Kehal Ohal Menachem Vitepsk - 160,852
Keren Ezer Ne'Suin Tchernobal - 195,425
Keren Yesomim Fund - 100,000
Kehal Yetev Lev D'satmar Yerushlaim 422,025 -
Khal Beis Moshe Aharon - 123,500
Kollel L'Horoah - 117,200
Kollel Mesifta - 111,460
Le'dovid Emes 190,970 100,000
Merkaz Chasidei Viznitz 250,000 -
Mesivta Ziev Hatorah - 118,000
Mifal Chesed Ha'merkozi Yad Tomech 245,180 -
Mifal Hachesed Keren Ose Choyil - 107,400
Mifal Keren Hachesed - 100,000
Mosdos Viznitz B'eretz Hakodesh 250,000 -
Ohel Chaya Rose 242,000 132,645
Ohr Hameir L'torah V'chesed 202,620 -
Shaarei Marpe - 125,264
Shoishanas Hoamokim 245,740 -
Talmud Torah Remat Shlomo 248,325 -
Talmud Torah Tuv Yerushalaim 250,000 101,510
Torah Temima Beit Shemesh 304,930 -
United Institutions Of Maharitz Dushinsky 310,000 118,015
Yeshivas Shaar Hashomayim 250,000 -

Other grants 794,232 2,285,502
5,998,177 5,398,158

CHASDEI AHARON LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 28 February 2023

4. GRANTS PAYABLE - continued

Donations were paid to institutions whose objectives include the relief of poverty and advancement of Jewish religion.

The total grants paid to individuals during the year was as follows:
2023 2022
£    £   
Grants to individuals 777,994 329,431

5. SUPPORT COSTS
Governance
Finance costs Totals
£    £    £   
Support Costs 1,078 16,312 17,390

6. AUDITORS' REMUNERATION
2023 2022
£    £   
Fees payable to the charity's auditors for the audit of the charity's financial
statements

12,000

12,000

During the year to 28 February 2023 there were fees of £4,312 paid to Raffingers LLP for non audit services.

7. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 28 February 2023 nor for the year ended 28 February 2022.


Trustees' expenses

There were no trustees' expenses paid for the year ended 28 February 2023 nor for the year ended 28 February 2022.



CHASDEI AHARON LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 28 February 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Accrued expenses 12,000 12,000

9. MOVEMENT IN FUNDS
Net
movement At
At 1.3.22 in funds 28.2.23
£    £    £   
Unrestricted funds
General fund 399,820 539,045 938,865

TOTAL FUNDS 399,820 539,045 938,865

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

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 7,332,606 (6,793,561 ) 539,045

TOTAL FUNDS 7,332,606 (6,793,561 ) 539,045


Comparatives for movement in funds

Net
movement At
At 1.3.21 in funds 28.2.22
£    £    £   
Unrestricted funds
General fund 69,265 330,555 399,820

TOTAL FUNDS 69,265 330,555 399,820

CHASDEI AHARON LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 28 February 2023

9. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 6,072,937 (5,742,382 ) 330,555

TOTAL FUNDS 6,072,937 (5,742,382 ) 330,555

10. RELATED PARTY DISCLOSURES

There was no related party transactions or balances during the year to 28 February 2023.

11. AUDITOR LIABILITY LIMITATION AGREEMENT

The charity has entered into a liability limitation agreement with Raffingers, the statutory auditor, in respect ofthe statutory audit for the year ended 28 February 2023. The proportionate liability agreement follows the standard terms in Appendix B to the Financial Reporting Council's June 2008 Guidance on Auditor Liability Agreements.