IRIS Accounts Production v23.3.0.418 Other Company accounts True false Pounds 1.7.22 30.6.23 30.6.23 FY FRS 102 Independent examiner Large and medium-sized companies regime for accounts Full Charities SORP true true true true false true true false false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC4791542022-06-30SC4791542023-06-30SC4791542022-07-012023-06-30SC4791542021-06-30SC4791542021-07-012022-06-30SC4791542022-06-30SC479154ns11:Originalns0:CharitableCompanyLimitedByGuarantee2022-07-012023-06-30SC479154ns11:Original2022-07-012023-06-30SC479154ns15:PoundSterlingns11:Original2022-07-012023-06-30SC479154ns11:Original2022-06-30SC479154ns11:Original2023-06-30SC479154ns11:Originalns11:FRS1022022-07-012023-06-30SC479154ns11:IndependentExaminationCharityns11:Original2022-07-012023-06-30SC479154ns11:Originalns11:LargeMedium-sizedCompaniesRegimeForAccounts2022-07-012023-06-30SC479154ns11:Originalns11:FullAccounts2022-07-012023-06-30SC479154ns11:Originalns11:CharitiesSORP2022-07-012023-06-30SC479154ns11:Originalns16:EnglandWales2022-07-012023-06-30SC479154ns11:Originalns11:RegisteredOffice2022-07-012023-06-30SC479154ns11:Originalns0:Trustee12022-07-012023-06-30SC479154ns11:Originalns0:Trustee22022-07-012023-06-30SC479154ns11:Originalns0:Trustee32022-07-012023-06-30SC479154ns11:Original2021-07-012022-06-30SC479154ns11:Original2021-06-30SC479154ns11:Original2022-06-30SC479154ns11:Originalns10:WithinOneYear2023-06-30SC479154ns11:Originalns10:WithinOneYear2022-06-30SC479154ns11:Originalns10:AfterOneYear2023-06-30SC479154ns11:Originalns10:AfterOneYear2022-06-30SC479154ns11:Originalns0:TotalUnrestrictedFunds2023-06-30SC479154ns11:Original22022-07-012023-06-30SC479154ns11:Original32022-07-012023-06-30SC479154ns11:Original12022-07-012023-06-30SC479154ns11:Original12021-07-012022-06-30SC479154ns11:Originalns10:OwnedAssets2022-07-012023-06-30SC479154ns11:Originalns10:OwnedAssets2021-07-012022-06-30SC479154ns11:Originalns10:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment2022-06-30SC479154ns11:Originalns10:FurnitureFittings2022-06-30SC479154ns11:Originalns10:ComputerEquipment2022-06-30SC479154ns11:Originalns10:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment2022-07-012023-06-30SC479154ns11:Originalns10:FurnitureFittings2022-07-012023-06-30SC479154ns11:Originalns10:ComputerEquipment2022-07-012023-06-30SC479154ns11:Originalns10:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment2023-06-30SC479154ns11:Originalns10:FurnitureFittings2023-06-30SC479154ns11:Originalns10:ComputerEquipment2023-06-30SC479154ns11:Originalns10:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment2022-06-30SC479154ns11:Originalns10:FurnitureFittings2022-06-30SC479154ns11:Originalns10:ComputerEquipment2022-06-30SC479154ns10:BetweenTwoFiveYearsns11:Original2023-06-30SC479154ns10:BetweenTwoFiveYearsns11:Original2022-06-30
REGISTERED COMPANY NUMBER: SC479154 (Scotland)
REGISTERED CHARITY NUMBER: 045668














REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

FOR

CHABAD LUBAVITCH OF EDINBURGH LIMITED

CHABAD LUBAVITCH OF EDINBURGH LIMITED






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023




Page

Report of the Trustees 1 to 2

Independent Examiner's Report 3

Statement of Financial Activities 4

Balance Sheet 5 to 6

Notes to the Financial Statements 7 to 12

CHABAD LUBAVITCH OF EDINBURGH LIMITED (REGISTERED NUMBER: SC479154)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30 JUNE 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 30 June 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 charity's objectives are to further those purposes both in the United Kingdom and abroad recognised as charitable by Scottish law. In furtherance of the aforementioned objects, the charity receives income mainly from charitable donations, which it utilises to further the objectives of the charity.

The charity's principal activities, although not restricted to, are to advance, promote and provide facilities for the practice of the Jewish religion in accordance with Orthodox Jewish tenets.

The trustees confirm their compliance with the duty to have due regard to the public benefit guidance published by the Charity Commission when reviewing the charity's aims and objectives and in planning future activities.

ACHIEVEMENT AND PERFORMANCE
Charitable activities
During the year the charity continued to pursue its charitable objects.

Income from donations and other income aggregated £184,110 (2022: £81,518). Total resources expended was £169,266 (2022: £129,414) resulting in net income of £14,844 (2022: net expenditure of £47,896).

FINANCIAL REVIEW
Financial position
The financial results of the charity for the year ended 30 June 2023 are fully reflected in the attached Financial Statements together with the Notes thereon.

As at 30 June 2023, the charity had total unrestricted funds of £15,326 (2022: £482).

Reserves policy
It is the policy of the charity to maintain Unrestricted Funds, which include the Free Reserves of the charity, at a level which the trustees think appropriate after considering the future commitments of the charity and the likely costs of the charity for the next year.

FUTURE PLANS
The future plans of the charity are to continue its charitable aims, whilst ensuring that the ability to generate sufficient income is maintained to achieve that end.

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
The power to appoint new trustees is vested in the current board. It is not the intention of the trustees of the charity to appoint any new trustees. Should the situation change in the future, the trustees will apply suitable recruitment induction and training procedures

Wider network
At present Chabad Lubavitch Of Edinburgh does not consider itself part of a wider network


CHABAD LUBAVITCH OF EDINBURGH LIMITED (REGISTERED NUMBER: SC479154)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30 JUNE 2023


STRUCTURE, GOVERNANCE AND MANAGEMENT
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
SC479154 (Scotland)

Registered Charity number
045668

Registered office
35-37 Bread Street
Edinburgh
EH3 9AL

Trustees
Mr P Weinman
Mr L Cohen
Mr J Hecht

Independent Examiner
Mr Pesach Davidoff FCCA
DAS Accounting Services Ltd
105 Eade Road
OCC Building A
2nd Floor Unit 11D
London
N4 1TJ

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 28 March 2024 and signed on its behalf by:





Mr P Weinman - Trustee

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
CHABAD LUBAVITCH OF EDINBURGH LIMITED

I report on the accounts for the year ended 30 June 2023 set out on pages four to twelve.

Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The charity's trustees consider that the audit requirement of Regulation 10(1)(a) to (c) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under Section 44(1)(c) of the Act and to state whether particular matters have come to my attention.

Basis of the independent examiner's report
My examination was carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.

Independent examiner's statement
In connection with my examination, no matter has come to my attention :

(1) which gives me reasonable cause to believe that, in any material respect, the requirements

- to keep accounting records in accordance with Section 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations; and
- to prepare accounts which accord with the accounting records and to comply with Regulation 8 of the 2006 Accounts Regulations

have not been met; or

(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.








Mr Pesach Davidoff FCCA
The Association of Chartered Certified Accountants

DAS Accounting Services Ltd
105 Eade Road
OCC Building A
2nd Floor Unit 11D
London
N4 1TJ

28 March 2024

CHABAD LUBAVITCH OF EDINBURGH LIMITED

STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 30 JUNE 2023

2023 2022
Unrestricted Total
fund funds
Notes £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 2 176,507 75,860

Other trading activities 3 7,603 5,655
Other income - 3
Total 184,110 81,518

EXPENDITURE ON
Raising funds 3,801 2,827

Charitable activities
Outreach expenses 88,833 63,251

Other 76,632 63,336
Total 169,266 129,414

NET INCOME/(EXPENDITURE) 14,844 (47,896 )


RECONCILIATION OF FUNDS
Total funds brought forward 482 48,378

TOTAL FUNDS CARRIED FORWARD 15,326 482

CHABAD LUBAVITCH OF EDINBURGH LIMITED (REGISTERED NUMBER: SC479154)

BALANCE SHEET
30 JUNE 2023

2023 2022
Unrestricted Total
fund funds
Notes £    £   
FIXED ASSETS
Tangible assets 8 10,054 16,392

CURRENT ASSETS
Debtors 9 - 4,959
Cash at bank 33,047 12,296
33,047 17,255

CREDITORS
Amounts falling due within one year 10 (15,681 ) (15,674 )

NET CURRENT ASSETS 17,366 1,581

TOTAL ASSETS LESS CURRENT
LIABILITIES

27,420

17,973

CREDITORS
Amounts falling due after more than one year 11 (12,094 ) (17,491 )

NET ASSETS 15,326 482
FUNDS 13
Unrestricted funds 15,326 482
TOTAL FUNDS 15,326 482

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.


The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 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.


CHABAD LUBAVITCH OF EDINBURGH LIMITED (REGISTERED NUMBER: SC479154)

BALANCE SHEET - continued
30 JUNE 2023

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 28 March 2024 and were signed on its behalf by:





Mr P Weinman - Trustee

CHABAD LUBAVITCH OF EDINBURGH LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 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.

Income
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount.

Other income is recognised in the Statement of Financial Activities once the charity is legally entitled to to the funds after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

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.

Charitable activities
Charitable activities comprise those costs 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 include cost of the preparation and independent examination of financial statements and cost of any legal advice to trustees on governance or constitutional matters.

Fixed assets
Fixed assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Improvements to property-Over the period of the 5 year lease
Fixtures and fittings-25% on cost
Computer equipment-25% on cost

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.


CHABAD LUBAVITCH OF EDINBURGH LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

1. ACCOUNTING POLICIES - continued

Fund accounting
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. The charity had no restricted funds as at the Balance Sheet date.

Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

2. DONATIONS AND LEGACIES
2023 2022
£    £   
Donations and gifts 96,468 53,588
Grants 80,039 22,272
176,507 75,860

3. OTHER TRADING ACTIVITIES
2023 2022
£    £   
Shop income 7,603 5,655

4. SUPPORT COSTS
Governance
Management Finance Depreciation costs Totals
£    £    £    £    £   
Other resources expended 64,442 3,067 6,418 2,705 76,632

5. NET INCOME/(EXPENDITURE)

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

2023 2022
£    £   
Independent examiner's fees 1,800 1,800
Depreciation - owned assets 6,418 6,399


CHABAD LUBAVITCH OF EDINBURGH LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

6. TRUSTEES' REMUNERATION AND BENEFITS
2023 2022
£    £   
Trustees' salaries 8,095 7,535

Trustees' expenses

There were no trustees' expenses paid for the year ended 30 June 2023 nor for the year ended 30 June 2022.


7. STAFF COSTS
2023 2022
£    £   
Wages and salaries 16,190 15,070
Other pension costs 111 168
16,301 15,238

The average monthly number of employees during the year was as follows:

2023 2022
Outreach staff 2 2

No employees received emoluments in excess of £60,000.

8. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 July 2022 11,963 15,124 334 27,421
Additions - 80 - 80
At 30 June 2023 11,963 15,204 334 27,501
DEPRECIATION
At 1 July 2022 2,991 7,787 251 11,029
Charge for year 2,534 3,801 83 6,418
At 30 June 2023 5,525 11,588 334 17,447
NET BOOK VALUE
At 30 June 2023 6,438 3,616 - 10,054
At 30 June 2022 8,972 7,337 83 16,392

CHABAD LUBAVITCH OF EDINBURGH LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors - 4,959

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 12) 5,324 4,750
Other creditors 8,257 8,824
Accruals and deferred income 2,100 2,100
15,681 15,674

11. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans (see note 12) 12,094 17,491

12. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year on demand:
Bank loans 5,324 4,750
Amounts falling due between two and five years:
Bank loans 12,094 17,491

13. MOVEMENT IN FUNDS
Net
movement At
At 1.7.22 in funds 30.6.23
£    £    £   
Unrestricted funds
General fund 482 14,844 15,326

TOTAL FUNDS 482 14,844 15,326

CHABAD LUBAVITCH OF EDINBURGH LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

13. MOVEMENT IN FUNDS - continued

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

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 184,110 (169,266 ) 14,844

TOTAL FUNDS 184,110 (169,266 ) 14,844


Comparatives for movement in funds

Net
movement At
At 1.7.21 in funds 30.6.22
£    £    £   
Unrestricted funds
General fund 48,378 (47,896 ) 482

TOTAL FUNDS 48,378 (47,896 ) 482

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

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 81,518 (129,414 ) (47,896 )

TOTAL FUNDS 81,518 (129,414 ) (47,896 )


CHABAD LUBAVITCH OF EDINBURGH LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

14. RELATED PARTY DISCLOSURES

During the year, the charity paid a trustee, Rabbi Pincus Weinman and his wife a salary of £8,095 each for outreach services. The trustees considered the Scottish Charity Regulator's guidance on payments to trustees and are satisfied that these payments are at arm's length and in the interest of the charity.

Other than the amounts disclosed above, no transactions with related parties were undertaken such as are required to be disclosed under FRS 102.