IRIS Accounts Production v24.1.0.578 Other Company accounts True false Pounds 1.10.22 30.9.23 30.9.23 FY FRS 102 Audited Small companies regime for accounts Full Charities SORP true true true true true false true false true iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh107512292022-09-30107512292023-09-30107512292022-10-012023-09-30107512292021-09-30107512292021-10-012022-09-30107512292022-09-3010751229ns0:CharitableCompanyLimitedByGuarantee2022-10-012023-09-3010751229ns15:PoundSterling2022-10-012023-09-3010751229ns11:FRS1022022-10-012023-09-3010751229ns11:Audited2022-10-012023-09-3010751229ns11:SmallCompaniesRegimeForAccounts2022-10-012023-09-3010751229ns11:FullAccounts2022-10-012023-09-3010751229ns11:CharitiesSORP2022-10-012023-09-3010751229ns16:EnglandWales2022-10-012023-09-3010751229ns11:RegisteredOffice2022-10-012023-09-3010751229ns0:Trustee22022-10-012023-09-3010751229ns0:Trustee32022-10-012023-09-3010751229ns0:Trustee12022-10-012023-09-3010751229ns0:Trustee42022-10-012023-09-3010751229ns0:Trustee52022-10-012023-09-3010751229ns0:Trustee62022-10-012023-09-3010751229ns0:TotalUnrestrictedFunds2022-10-012023-09-3010751229ns0:TotalRestrictedIncomeFunds2022-10-012023-09-3010751229ns0:Activity82022-10-012023-09-3010751229ns0:Activity8ns0:TotalUnrestrictedFunds2022-10-012023-09-3010751229ns0:Activity8ns0:TotalRestrictedIncomeFunds2022-10-012023-09-3010751229ns0:Activity82021-10-012022-09-3010751229ns0:Activity92022-10-012023-09-3010751229ns0:TotalUnrestrictedFundsns0:Activity92022-10-012023-09-3010751229ns0:Activity9ns0:TotalRestrictedIncomeFunds2022-10-012023-09-3010751229ns0:Activity92021-10-012022-09-3010751229ns0:Activity102022-10-012023-09-3010751229ns0:TotalUnrestrictedFundsns0:Activity102022-10-012023-09-3010751229ns0:Activity10ns0:TotalRestrictedIncomeFunds2022-10-012023-09-3010751229ns0:Activity102021-10-012022-09-3010751229ns0:TotalUnrestrictedFunds2022-09-3010751229ns0:TotalRestrictedIncomeFunds2022-09-3010751229ns0:TotalUnrestrictedFunds2023-09-3010751229ns0:TotalRestrictedIncomeFunds2023-09-3010751229ns0:TotalUnrestrictedFundsns10:WithinOneYear2023-09-3010751229ns0:TotalRestrictedIncomeFundsns10:WithinOneYear2023-09-3010751229ns10:WithinOneYear2023-09-3010751229ns10:WithinOneYear2022-09-3010751229ns0:TotalUnrestrictedFundsns10:AfterOneYear2023-09-3010751229ns10:AfterOneYearns0:TotalRestrictedIncomeFunds2023-09-3010751229ns10:AfterOneYear2023-09-3010751229ns10:AfterOneYear2022-09-3010751229ns10:ComputerEquipment2022-10-012023-09-301075122922022-10-012023-09-301075122912022-10-012023-09-301075122912021-10-012022-09-3010751229ns10:OwnedAssets2022-10-012023-09-3010751229ns10:OwnedAssets2021-10-012022-09-3010751229ns0:GBP60001ToGBP700002022-10-012023-09-3010751229ns0:GBP60001ToGBP700002021-10-012022-09-3010751229ns0:TotalUnrestrictedFunds2021-10-012022-09-3010751229ns0:TotalRestrictedIncomeFunds2021-10-012022-09-3010751229ns0:Activity8ns0:TotalUnrestrictedFunds2021-10-012022-09-3010751229ns0:Activity8ns0:TotalRestrictedIncomeFunds2021-10-012022-09-3010751229ns0:TotalUnrestrictedFundsns0:Activity92021-10-012022-09-3010751229ns0:Activity9ns0:TotalRestrictedIncomeFunds2021-10-012022-09-3010751229ns0:TotalUnrestrictedFundsns0:Activity102021-10-012022-09-3010751229ns0:Activity10ns0:TotalRestrictedIncomeFunds2021-10-012022-09-3010751229ns10:FurnitureFittings2022-09-3010751229ns10:ComputerEquipment2022-09-3010751229ns10:FurnitureFittings2022-10-012023-09-3010751229ns10:FurnitureFittings2023-09-3010751229ns10:ComputerEquipment2023-09-3010751229ns10:FurnitureFittings2022-09-3010751229ns10:ComputerEquipment2022-09-30
REGISTERED COMPANY NUMBER: 10751229 (England and Wales)
REGISTERED CHARITY NUMBER: 1172957




















Report of the Trustees and

Financial Statements
FOR THE YEAR ENDED
30 September 2023

for

CHANA CHARITY LTD

CHANA CHARITY LTD

Contents of the Financial Statements
FOR THE YEAR ENDED 30 SEPTEMBER 2023










Page

Report of the Trustees 1 to 5

Report of the Independent Auditors 6 to 9

Statement of Financial Activities 10

Balance Sheet 11

Cash Flow Statement 12

Notes to the Cash Flow Statement 13

Notes to the Financial Statements 14 to 20

CHANA CHARITY LTD (REGISTERED NUMBER: 10751229)

Report of the Trustees
FOR THE YEAR ENDED 30 SEPTEMBER 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 September 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).

Chana has seen large growth over the last few years and the decision was made to reincorporate as part of the strategic growth plan moving forward.

Chana had a very successful year in 2021, both through an increase in client numbers who were turning to us for support and also in our financial and fundraising successes.

We continued to ensure we had funds available to be able to help all those that required and we were able to create a number of new service projects.

As a charity that is funded solely by private donations and grants, we take responsibility to ensure all funds are in place before launching any new initiatives.

OBJECTIVES AND ACTIVITIES
Objectives and aims
Chana supports married Jewish couples (as defined by the Office of the Chief Rabbi of the UK) with fertility related concerns and issues. This covers a wide range of areas from the inability to fall pregnant, re-occurring miscarriages, complications with birth, cancer preservation and many other areas that cause a couple issues which prevent them from having a child.

With fertility complications affecting 1 in 6 couples, Chana provides important services to allow couples to access the help they need and facilitates what can sometimes be a long, complicated and emotional journey. With the NHS provisions for fertility related matters down to its lowest in decades, the number of couples turning to us for help is higher than ever. The cost of treatments is increasing and on average, it can cost a couple £28,000 to have the baby they always dreamt of.

Chana supports these couples and ensures the process is as easy for them as possible.

Chairman Report
It is always sad to hear how many couples in the community are in need of help with fertility matters - a subject that is still very taboo and seldom spoken about. We continue to look at ways to offer our services to more people, so they always have a place to turn to for help and we welcome new ideas to reach more of those in need. Projects this year, such as the 'Fertility Support Groups' and our 'Interactive Webinars', alongside our core services, are all making a real difference.

We are always assessing new avenues for funding and working towards helping those who need it. After 25 years, we were pleased to appoint our first full-time fundraiser who is developing new funding opportunities and educating more people about a subject of which too many people are uninformed.

We were also very pleased to welcome three new trustees to the Charity this year, to help us implement and guide us with our strategic vision going forward. We are working closely with the organisation's office management and office teams to ensure that we are able to continue to help those who turn to us in the best possible way.

We have an excellent management team and office staff who are constantly striving for the highest levels of professionalism, in both the care that we offer and the day-to-day running of Chana.

Along with my fellow trustees and management team, we have planned clear strategic growth for future years and look forward to seeing the continued success.

Public benefit
The trustees confirm that they have referred to the Charity Commission's general guidance on public benefit when reviewing their aims and objectives, planning future activities and setting their grantmaking policies for the year.


CHANA CHARITY LTD (REGISTERED NUMBER: 10751229)

Report of the Trustees
FOR THE YEAR ENDED 30 SEPTEMBER 2023


OBJECTIVES AND ACTIVITIES
Services
Chana offers clients a range of services based on their needs:

* A confidential telephone helpline - Clients can phone our helpline and speak to one of our support workers who will be able to support them and guide them through the process of accessing help should they require it.

* Confidential one-to-one and couples counselling.

" Specialist medical support and information. We are privileged to have a Medical Advisory Panel of specialist consultants and medical practitioners, sensitive to the centrality of Jewish Law. They can offer expert guidance and identify the top relevant specialists in specific cases. All clients are able to have their cases presented to this multi-disciplinary team which would not be available to them anywhere else.

* Financial assistance to help meet the cost of fertility investigations, treatment and counselling.

* Support Groups and Interactive Webinars where those who need can access information in other ways.

* We also run Educational Sessions for GPs, Rabbis and Rebbetzens (Rabbis' wives), as well as members of the community on specific relevant subject matters.

Grantmaking
The grantmaking policy is based on the trustees' decision following investigation of applicants' circumstances and with special reference to low income.

ACHIEVEMENT AND PERFORMANCE
2018 Year in Review
----------TRUSTEES TO REVIEW AND UPDATE----------

2017-18 was one of our busiest years to date. With more couples from across London and the UK turning to us for help, we have worked hard to ensure that whoever needs us is able to reach us.

o 36 babies were born to Chana clients, bringing the total number of babies to 689 since Chana was founded in 1994.

o 135 couples accessed helped to understand their fertility options and the treatments available to them, as well as being given emotional and practical support throughout their journey.

o More than £450,000 was allocated to couples needing financial support which was unavailable to them on the NHS and allowed them to have the baby they always dreamt of.

o Six events were organised for communities and local Rabbis to inform them of the work that Chana does and to assist them in ensuring more people can access Chana's services.

o Working with a number of clinics to ensure they understand the needs of our clients and also so we can ensure the fertility journey for our clients is smooth and easy.

o Our Support team expanded with two new therapists to assist those who turn to Chana for help. In addition, we appointed a new Clinical Manager to oversee all clinical matters and the support worker team. We also appointed a full time fundraiser.

o We held educational and awareness events to inform the community of the work we do which, in turn, raised vital, additional funds to help us support those approaching us for help.


CHANA CHARITY LTD (REGISTERED NUMBER: 10751229)

Report of the Trustees
FOR THE YEAR ENDED 30 SEPTEMBER 2023


ACHIEVEMENT AND PERFORMANCE
Fundraising
As a charity which is reliant solely on private donations, we have to ensure that we have the funds in place for all activities.This is used to directly offset the cost of client treatments.

Our total income was £1,595,234 (2022: £1,464,338) and expenses were £1,365,553 (2022: £1,127,347) a net income of £229,681 (2022: £336,991).


Efforts were made to ensure that costs were kept down in terms of office overheads and we saw the benefits of staff restructuring to ensure we are making the best use of the funds we receive. In 2018, 26.1% of Chana expenses was directly on client therapy and support and a further 40% was on client grants for funding of treatments.

Chana's largest expenses were on support worker staff and on grants for treatments, something which has never changed over the years.

We have run a number of projects to raise funds such as a successful 'Tea-Cember event' and other local initiatives. We also benefited from grants from 'Tesco' and the 'National Lottery Big Fund' which went directly to new projects in 2018.

We continue to look for new avenues of funding from both private donors and trusts as well as public grants that may be available to the charity. We also need to build on our current donor database and explore ways of seeing how they can help bring new donors into the fold.

FINANCIAL REVIEW
Financial position
This year, with growth we have worked to ensure we have a suitable reserve policy in place and that, to the best of our ability, there is always three months of reserves in place.

At the end of December 2020, the total assets were £855,331 (2019: £256,686) which exceeds the reserve policy and ensures we can move forward as planned with the 2021 budget.

Principal funding sources
Principal sources of funds are through fundraising events and the generosity of the public.

Performance
We are very pleased that all our goals for 2020 were met and in many areas exceeded.


----------TRUSTEES TO UPDATE----------

Goal: 70% of callers to be called back within 24 hours
Actual: 83% of callers called back within 24 hours

Goal: 75% of all calls have an Initial Assessment within 14 days
Actual: 89% of all calls had an Initial Assessment within 14 days
44.1% of new clients have their Initial Assessment within 1 week of Cha
na calling them to book an appointment.
40.7% of new clients have their Initial Assessment within 2 weeks of Chana calling them to book an appointment.

On average there was 265 hours of Support Work given per month to clients.

----------------------------ADD CHARTS AND GRAPHS HERE-------------------------------

Reserves policy
The trustees aim to build up reserves to a level of at least 3 months running costs. This is to protect the Charity in the event that total income resources is lower than anticipated, and to protect services provided in the event of a time limited grant before having secured funding from a new source. As at 30 September 2023 the Charity had unrestricted reserves of £1,221,555 funds, covering 2 month's running costs. The trustees are confident that with their increased efforts they will be able to raise the necessary funds to increase reserves level.


CHANA CHARITY LTD (REGISTERED NUMBER: 10751229)

Report of the Trustees
FOR THE YEAR ENDED 30 SEPTEMBER 2023


GOALS FOR 2019
- Continue to promote Chana to relevant communities to ensure more people reach us who need to.

- Continue to assess our systems and polices and ensure we are offering the best level of care to Chana clients.

- Continue to grow the Support team to ensure we can meet the growing demands on the charity.

- Develop and grow new fundraising opportunities to ensure the finances are in places for the additional cost pressures on the charity. Ideas, include:

o A new Chana book, based on personal stories of strength in difficult times, to be launched in line with another Chana Ladies brunch

o Focused Fundraising events targeted at men to educate them that fertility is not only a female issue

o Assess private grants for specific projects, such as a video blog series

- Develop and build a new modern website.

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.

Risk management
The trustees have examined the major strategic, business and operational risks which the charity faces and confirm that systems have been established to enable regular reports to be produced so that the necessary steps can be taken to manage these risks.

The day to day affairs of the charity are administered by the Board of Trustees.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
10751229 (England and Wales)

Registered Charity number
1172957

Registered office
23 Ravenshurst Avenue
London
NW4 4EE

Trustees
Mr U N Goldberg
Mrs E Grosskopf (resigned 31.10.23)
Mr B Groszman
Mr D P Rabson
Mr M Stimler
Mrs E Morris (appointed 5.12.23)

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


CHANA CHARITY LTD (REGISTERED NUMBER: 10751229)

Report of the Trustees
FOR THE YEAR ENDED 30 SEPTEMBER 2023


STATEMENT OF TRUSTEES' RESPONSIBILITIES
The trustees (who are also the directors of Chana Charity Ltd 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.

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, Melinek Fine LLP, 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 29 July 2024 and signed on its behalf by:





Mr B Groszman - Trustee

Report of the Independent Auditors to the Members of
Chana Charity Ltd (Registered number: 10751229)


Opinion
We have audited the financial statements of Chana Charity Ltd (the 'charitable company') for the year ended 30 September 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 30 September 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.

Conclusions relating to going concern
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.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

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
Chana Charity Ltd (Registered number: 10751229)


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
Chana Charity Ltd (Registered number: 10751229)


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 our procedures are capable of detecting irregularities, including fraud is detailed below:

We identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial statements from our: general commercial and sector experience; through verbal and written communications with those charged with governance and other management; and via inspection of the company's regulatory and legal correspondence.

We discussed with those charged with governance and other management the policies and procedures regarding compliance with laws and regulations.

We communicated identified laws and regulations to our team and remained alert to any indicators of non-compliance throughout the audit, we also specifically considered where and how fraud may occur within the company.

The potential effect of these laws and regulations on the financial statements varies considerably.

Firstly, the company is subject to laws and regulations that directly affect the financial statements, including: the company's constitution, relevant financial reporting standards; company law; tax legislation and distributable profits legislation and we assessed the extent of compliance with these laws and regulations as part of our procedures on the related financial statement items.

Secondly the company is subject to many other laws and regulations where the consequences of non-compliance could have a material effect on the amounts or disclosures in the financial statements, for instance through the imposition of fines and penalties, or through losses arising from litigation. We identified the following areas as those most likely to have such an affect: employment legislation; health and safety legislation; trade legislation; data protection legislation; anti-bribery and corruption legislation.
International Standards on Auditing (UK) (ISAs (UK)) limit the required procedures to identify non-compliance with these laws and regulations, and no procedures over and above those already noted are required. These limited procedures did not identify any actual or suspected non-compliance with laws and regulations that could have a material impact on the financial statements.

In relation to fraud, we performed the following specific procedures in addition to those already noted:

Challenging assumptions made by management in its significant accounting estimates.

Identifying and testing journal entries, in particular any entries posted with unusual nominal ledger account
combinations, journal entries crediting cash or any revenue account, journal entries posted by senior management.

Performing analytical procedures to identify unexpected movements in account balances which may be indicative of fraud;

Ensuring that testing undertaken on both the performance statements and the Balance Sheet includes a number of items selected on a random basis.

These procedures did not identify any actual or suspected fraudulent irregularity that could have a material impact on the financial statements.

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with International Standards on Auditing (UK)(ISAs (UK)). For example, the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely the procedures that we are required to undertake would identify it. In addition, as with any audit, there remains a high risk of non-detection of irregularities, as these might involve collusion, forgery, intentional omissions, misrepresentation, or the override of internal controls. We are not responsible for preventing non-compliance with laws and regulations or fraud,
and cannot be expected to detect non-compliance with all laws and regulations or every incidence of fraud.


Report of the Independent Auditors to the Members of
Chana Charity Ltd (Registered number: 10751229)

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 Aryeh Melinek, FCA (Senior Statutory Auditor)
for and on behalf of Melinek Fine LLP
Chartered Accountants
Statutory Auditors
First Floor, Winston House
349 Regents Park Road
London
N3 1DH

30 July 2024

CHANA CHARITY LTD

Statement of Financial Activities
(Incorporating an Income and Expenditure Account)
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2023 2022
Unrestricted Restricted Total Total
fund fund funds funds
Notes £    £    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 2 201,241 320,285 521,526 399,326

Charitable activities 4
Income from charitable activities 11,133 - 11,133 21,006

Other trading activities 3 1,093,870 - 1,093,870 1,044,007
Total 1,306,244 320,285 1,626,529 1,464,339

EXPENDITURE ON
Raising funds 5 412,379 - 412,379 296,441

Charitable activities 6
Advice and support of couples dealing with infertility
846,602

17,047

863,649

792,007
Support costs 78,614 - 78,614 38,900
Total 1,337,595 17,047 1,354,642 1,127,348

NET INCOME/(EXPENDITURE) (31,351 ) 303,238 271,887 336,991
Transfers between funds 19 310,000 (310,000 ) - -
Net movement in funds 278,649 (6,762 ) 271,887 336,991

RECONCILIATION OF FUNDS
Total funds brought forward 991,874 19,077 1,010,951 673,960

TOTAL FUNDS CARRIED FORWARD 1,270,523 12,315 1,282,838 1,010,951

CHANA CHARITY LTD (REGISTERED NUMBER: 10751229)

Balance Sheet
30 SEPTEMBER 2023

2023 2022
Unrestricted Restricted Total Total
fund fund funds funds
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 12 1,608 - 1,608 3,216
Investment property 13 1,220,460 - 1,220,460 -
1,222,068 - 1,222,068 3,216

CURRENT ASSETS
Debtors 14 13,134 - 13,134 -
Cash at bank 654,294 12,315 666,609 1,015,539
667,428 12,315 679,743 1,015,539

CREDITORS
Amounts falling due within one year 15 (13,973 ) - (13,973 ) (7,804 )

NET CURRENT ASSETS 653,455 12,315 665,770 1,007,735

TOTAL ASSETS LESS CURRENT LIABILITIES 1,875,523 12,315 1,887,838 1,010,951

CREDITORS
Amounts falling due after more than one year 16 (605,000 ) - (605,000 ) -

NET ASSETS 1,270,523 12,315 1,282,838 1,010,951
FUNDS 19
Unrestricted funds 1,270,523 991,874
Restricted funds 12,315 19,077
TOTAL FUNDS 1,282,838 1,010,951

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 29 July 2024 and were signed on its behalf by:





Mr B Groszman - Trustee

CHANA CHARITY LTD

Cash Flow Statement
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2023 2022
Notes £    £   

Cash flows from operating activities
Cash generated from operations 1 275,288 353,245
Interest paid (8,758 ) -
Net cash provided by operating activities 266,530 353,245

Cash flows from investing activities
Purchase of tangible fixed assets - (4,824 )
Purchase of investment property (1,220,460 ) -
Net cash used in investing activities (1,220,460 ) (4,824 )

Cash flows from financing activities
New loans in year 605,000 -
Net cash provided by financing activities 605,000 -

Change in cash and cash equivalents in
the reporting period

(348,930

)

348,421
Cash and cash equivalents at the
beginning of the reporting period

1,015,539

667,118
Cash and cash equivalents at the end of
the reporting period

666,609

1,015,539

CHANA CHARITY LTD

Notes to the Cash Flow Statement
FOR THE YEAR ENDED 30 SEPTEMBER 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)

271,887

336,991
Adjustments for:
Depreciation charges 1,608 3,194
Interest paid 8,758 -
(Increase)/decrease in debtors (13,134 ) 26,565
Increase/(decrease) in creditors 6,169 (13,505 )
Net cash provided by operations 275,288 353,245


2. ANALYSIS OF CHANGES IN NET FUNDS

At 1.10.22 Cash flow At 30.9.23
£    £    £   
Net cash
Cash at bank and in hand 1,015,539 (348,930 ) 666,609
1,015,539 (348,930 ) 666,609

Debt
Debts falling due after 1 year - (605,000 ) (605,000 )
- (605,000 ) (605,000 )
Total 1,015,539 (953,930 ) 61,609

CHANA CHARITY LTD

Notes to the Financial Statements
FOR THE YEAR ENDED 30 SEPTEMBER 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
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.


Computer equipment - 33% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Statement of Financial Activities.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

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.


CHANA CHARITY LTD

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


2. DONATIONS AND LEGACIES
2023 2022
£    £   
Donations 470,198 341,799
Gift aid 51,328 57,527
521,526 399,326

3. OTHER TRADING ACTIVITIES
2023 2022
£    £   
Fundraising events 1,093,870 1,044,007

4. INCOME FROM CHARITABLE ACTIVITIES
2023 2022
Activity £    £   
Counselling Income from charitable activities 11,133 21,006

5. RAISING FUNDS

Raising donations and legacies
2023 2022
£    £   
Fundraising 412,379 296,441

6. CHARITABLE ACTIVITIES COSTS
Support
Direct costs (see
Costs note 7) Totals
£    £    £   
Advice and support of couples dealing
with infertility

863,649

-

863,649
Support costs 18,628 59,986 78,614
882,277 59,986 942,263

7. SUPPORT COSTS
Governance
Finance Other costs Totals
£    £    £    £   
Support costs 22,273 32,302 5,411 59,986


CHANA CHARITY LTD

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


8. NET INCOME/(EXPENDITURE)

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

2023 2022
£    £   
Auditors' remuneration 1,800 1,800
Depreciation - owned assets 1,608 3,194
Other operating leases 17,011 19,500

9. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 30 September 2023 nor for the year ended 30 September 2022.


Trustees' expenses

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


10. STAFF COSTS
2023 2022
£    £   
Wages and salaries 264,957 221,730
Social security costs 20,792 18,333
Other pension costs 3,955 5,176
289,704 245,239

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

2023 2022
Employees 9 8

The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:

2023 2022
£60,001 - £70,000 1 1

11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
fund fund funds
£    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 348,877 50,449 399,326

Charitable activities
Income from charitable activities 21,006 - 21,006

Other trading activities 1,044,007 - 1,044,007
Total 1,413,890 50,449 1,464,339

EXPENDITURE ON
Raising funds 296,441 - 296,441

CHANA CHARITY LTD

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted Restricted Total
fund fund funds
£    £    £   

Charitable activities
Advice and support of couples dealing with infertility
752,777

39,230

792,007
Support costs 38,900 - 38,900
Total 1,088,118 39,230 1,127,348

NET INCOME 325,772 11,219 336,991


RECONCILIATION OF FUNDS
Total funds brought forward 666,102 7,858 673,960

TOTAL FUNDS CARRIED FORWARD 991,874 19,077 1,010,951

12. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 October 2022 and 30 September 2023 473 9,583 10,056
DEPRECIATION
At 1 October 2022 473 6,367 6,840
Charge for year - 1,608 1,608
At 30 September 2023 473 7,975 8,448
NET BOOK VALUE
At 30 September 2023 - 1,608 1,608
At 30 September 2022 - 3,216 3,216

13. INVESTMENT PROPERTY
£   
FAIR VALUE
Additions 1,220,460
At 30 September 2023 1,220,460
NET BOOK VALUE
At 30 September 2023 1,220,460
At 30 September 2022 -


CHANA CHARITY LTD

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
VAT 13,134 -

15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 3,983 160
Social security and other taxes 7,247 5,335
Other creditors 943 509
Accruals and deferred income 1,800 1,800
13,973 7,804

16. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans (see note 17) 605,000 -

17. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due in more than five years:

Repayable otherwise than by instalments:
Bank loans more 5 yrs non-inst 605,000 -

18. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loan 605,000 -

19. MOVEMENT IN FUNDS
Net Transfers
At movement between At
1.10.22 in funds funds 30.9.23
£    £    £    £   
Unrestricted funds
General fund 991,874 (31,351 ) 310,000 1,270,523

Restricted funds
Restricted fund 19,077 303,238 (310,000 ) 12,315

TOTAL FUNDS 1,010,951 271,887 - 1,282,838

CHANA CHARITY LTD

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


19. 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 1,306,244 (1,337,595 ) (31,351 )

Restricted funds
Restricted fund 320,285 (17,047 ) 303,238

TOTAL FUNDS 1,626,529 (1,354,642 ) 271,887


Comparatives for movement in funds

Net
At movement At
1.10.21 in funds 30.9.22
£    £    £   
Unrestricted funds
General fund 666,102 325,772 991,874

Restricted funds
Restricted fund 7,858 11,219 19,077

TOTAL FUNDS 673,960 336,991 1,010,951

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

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 1,413,890 (1,088,118 ) 325,772

Restricted funds
Restricted fund 50,449 (39,230 ) 11,219

TOTAL FUNDS 1,464,339 (1,127,348 ) 336,991


CHANA CHARITY LTD

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


20. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 30 September 2023.

21. COMPANY LIMITED BY GUARANTEE

The charity company is limited by guarantee and does not have share capital. The articles of association of the company preclude the distribution of assets to the members of the company and accordingly a reconciliation of shareholders' funds is inappropriate. The liability of each member in the event of a winding up is limited to £1.