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COMPANY REGISTRATION NUMBER: 13382902
CHARITY REGISTRATION NUMBER: 5184623
Canvey Talmudical Congregation Limited
Company Limited by Guarantee
Unaudited Financial Statements
31 May 2024
Canvey Talmudical Congregation Limited
Company Limited by Guarantee
Financial Statements
Year ended 31 May 2024
Page
Trustees' annual report (incorporating the director's report)
1
Chartered accountant's report to the board of trustees on the preparation of the unaudited statutory financial statements
3
Statement of financial activities (including income and expenditure account)
4
Statement of financial position
5
Notes to the financial statements
6
Canvey Talmudical Congregation Limited
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report)
Year ended 31 May 2024
The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 May 2024 .
Reference and administrative details
Registered charity name
Canvey Talmudical Congregation Limited
Charity registration number
5184623
Company registration number
13382902
Principal office and registered
103 High Street
office
Waltham Cross
Herts.
EN8 7AN
The trustees
Mr N. H Noe
Mrs C. S Noe
Mr Y. Levy
Mr J. Weiss
Accountants
Brindley Goldstein Limited
Chartered accountants
103 High Street
Waltham Cross
Herts
EN8 7AN
Structure, governance and management
The charity was constituted Deed of Trust dated 07 May 2021.
The day-to-day affairs of the company are administered by the trustees. It is not the intention of the trustees to appoint any new trustees. Should the situation change in the future, the trustees will apply suitable recruitment induction and training procedures
Risk management
The trustees have 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.
Objectives and activities
The objective of the charity are the prevention or relief of poverty, education and training of the Jewish community and relief and care for the disabled.The charity has given due regard to the Charity Commission's guidance on public benefit.
Strategic report
The following sections for achievements and performance and financial review form the strategic report of the charity.
Achievements and performance
The trustees are satisfied with the results for the year.
Incoming resources for the year amounted to £24,930 (2023: £23,000) and expenditure on charitable activities amounted to £28,882 (2023: £1,020), resulting in a net deficit for the year of £3,952 (2023: £21,980 surplus).
Financial review
The trustees retain reserves as necessary and where appropriate, consolidate funds in order to finance the operation of the Charity, and to make payments as appropriate.
Reserves policy
The trustees ensure that the charity has sufficient reserves to cover anticipated outgoings, In addition the trustees have received undertakings from local supporters to cover any deficit should such occasion arise. Reserves at the year end decreased from £21,980 (2023:) to £18,028.
The trustees' annual report and the strategic report were approved on 26 March 2025 and signed on behalf of the board of trustees by:
Mr N. H. Noe Trustee
Canvey Talmudical Congregation Limited
Company Limited by Guarantee
Chartered Accountant's Report to the Board of Trustees on the Preparation of the Unaudited Statutory Financial Statements of Canvey Talmudical Congregation Limited
Year ended 31 May 2024
As described on the statement of financial position, the trustees of the charity are responsible for the preparation of the financial statements for the year ended 31 May 2024, which comprise the statement of financial activities (including income and expenditure account), statement of financial position and the related notes.
You consider that the charity is exempt from an audit under the Companies Act 2006.
In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
Brindley Goldstein Limited Chartered accountants
103 High Street Waltham Cross Herts EN8 7AN
26 March 2025
Canvey Talmudical Congregation Limited
Company Limited by Guarantee
Statement of Financial Activities
(including income and expenditure account)
Year ended 31 May 2024
2024
2023
Unrestricted funds
Total funds
Total funds
Note
£
£
£
Income and endowments
Donations and legacies
5
24,930
24,930
23,000
--------
--------
--------
Total income
24,930
24,930
23,000
--------
--------
--------
Expenditure
Expenditure on charitable activities
6,7
28,882
28,882
1,020
--------
--------
--------
Total expenditure
28,882
28,882
1,020
--------
--------
--------
--------
--------
--------
Net (expenditure)/income and net movement in funds
( 3,952)
( 3,952)
21,980
--------
--------
--------
Reconciliation of funds
Total funds brought forward
21,980
21,980
--------
--------
--------
Total funds carried forward
18,028
18,028
21,980
--------
--------
--------
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
Canvey Talmudical Congregation Limited
Company Limited by Guarantee
Statement of Financial Position
31 May 2024
2024
2023
Note
£
£
Current assets
Cash at bank and in hand
20,008
23,000
Creditors: amounts falling due within one year
10
1,980
1,020
--------
--------
Net current assets
18,028
21,980
--------
--------
Total assets less current liabilities
18,028
21,980
--------
--------
Net assets
18,028
21,980
--------
--------
Funds of the charity
Unrestricted funds
18,028
21,980
--------
--------
Total charity funds
11
18,028
21,980
--------
--------
For the year ending 31 May 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
These financial statements were approved by the board of trustees and authorised for issue on 26 March 2025 , and are signed on behalf of the board by:
Mr N. H. Noe Trustee
Canvey Talmudical Congregation Limited
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 May 2024
1. General information
The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is 103 High Street, Waltham Cross, Herts., EN8 7AN.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Companies Act 2006.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Disclosure exemptions
Disclosures in respect of financial instruments have not been presented.
Judgements and key sources of estimation uncertainty
There are no judgements and estimates
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income: - income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. - legacy income is recognised when receipt is probable and entitlement is established. - income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. - income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates: - expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods. - expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. - other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
4. Limited by guarantee
The company is limited by guarantee and has no share capital. Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
5. Donations and legacies
Unrestricted Funds
Total Funds 2024
Unrestricted Funds
Total Funds 2023
£
£
£
£
Donations
Donations
24,930
24,930
23,000
23,000
--------
--------
--------
--------
6. Expenditure on charitable activities by fund type
Unrestricted Funds
Total Funds 2024
Unrestricted Funds
Total Funds 2023
£
£
£
£
Charitable activities
27,101
27,101
Support costs
1,781
1,781
1,020
1,020
--------
--------
-------
-------
28,882
28,882
1,020
1,020
--------
--------
-------
-------
7. Expenditure on charitable activities by activity type
Activities undertaken directly
Support costs
Total funds 2024
Total fund 2023
£
£
£
£
Charitable activities
27,101
27,101
Governance costs
1,781
1,781
1,020
--------
-------
--------
-------
27,101
1,781
28,882
1,020
--------
-------
--------
-------
8. Staff costs
The average head count of employees during the year was Nil (2023: Nil).
No employee received employee benefits of more than £60,000 during the year (2023: Nil).
9. Trustee remuneration and expenses
No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.
No trustees expenses have been incurred.
10. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
1,020
Accruals and deferred income
960
1,020
-------
-------
1,980
1,020
-------
-------
11. Analysis of charitable funds
Unrestricted funds
At 1 June 2023
Income
Expenditure
At 31 May 2024
£
£
£
£
General funds
21,980
24,930
(28,882)
18,028
--------
--------
--------
--------
At 1 June 2022
Income
Expenditure
At 31 May 2023
£
£
£
£
General funds
23,000
(1,020)
21,980
----
--------
-------
--------
12. Analysis of net assets between funds
Unrestricted Funds
Total Funds 2024
£
£
Current assets
20,008
20,008
Creditors less than 1 year
(1,980)
(1,980)
--------
--------
Net assets
18,028
18,028
--------
--------
Unrestricted Funds
Total Funds 2023
£
£
Current assets
23,000
23,000
Creditors less than 1 year
(1,020)
(1,020)
--------
--------
Net assets
21,980
21,980
--------
--------