| REGISTERED COMPANY NUMBER: |
| REGISTERED CHARITY NUMBER: |
| REPORT OF THE TRUSTEES AND |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH SEPTEMBER 2024 |
| FOR |
| ANSHEI SHALOM |
| REGISTERED COMPANY NUMBER: |
| REGISTERED CHARITY NUMBER: |
| REPORT OF THE TRUSTEES AND |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH SEPTEMBER 2024 |
| FOR |
| ANSHEI SHALOM |
| ANSHEI SHALOM |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30TH SEPTEMBER 2024 |
| Page |
| Report of the Trustees | 1 | to | 3 |
| Independent Examiner's Report | 4 |
| Statement of Financial Activities | 5 |
| Statement of Financial Position | 6 | to | 7 |
| Notes to the Financial Statements | 8 | to | 14 |
| ANSHEI SHALOM (REGISTERED NUMBER: 04896581) |
| REPORT OF THE TRUSTEES |
| FOR THE YEAR ENDED 30TH SEPTEMBER 2024 |
| 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 30th September 2024. 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 is constituted as a company limited by guarantee, and is therefore governed by a Memorandum and Articles of Association. The Charity is registered with the Charity Commission. |
| The Charity's object and its principal activities are: |
| (a) To advance the Orthodox Jewish faith primarily but not exclusively by administering and maintaining the Anshei Shalom synagogue and by providing the facilities for public communal worship for members of the Jewish faith. |
| (b) The advancement of Orthodox Jewish religious education primarily but not exclusively by arranging educational classes and courses of study at the synagogue and by providing facilities for religious study. |
| (c) The relief of poverty amongst persons of the Jewish faith. |
| The Charity is organised so that the Directors and Trustees meet regularly to manage its affairs. We are grateful to the many volunteers who assist the Charity in numerous ways. |
| Public benefit |
| The trustees have carefully considered the public benefit requirements and their duty to ensure that they are compliant with them. They feel that the activities as detailed below, more than adequately, satisfy the public benefit requirement. |
| The trustees continue to operate within the confines of the charity objectives namely in the respect of the advancement of Orthodox Jewish education by arranging educational classes and courses of study at the synagogue and by providing facilities for religious study. The Charity also provides the facilities for public communal worship for members of the Jewish faith and relief of poverty amongst persons of the Jewish faith by distributing donations and grants. |
| The trustees provide grants to a variety of charitable educational establishments encompassing assistance with staffing and curriculum. The trustees have also identified institutions which as a result of the economic downturn are experiencing a reduction in their fee income and have provided assistance to them in this respect as well. |
| Where the trustees make grants to institutions, they stipulate how these monies should be spent and constantly monitor the effectiveness of the allocation of the resources extended through the grant funding. |
| The trustees are of the opinion that this latter method of funding combines both objectives of the charity such that through the grants to the institution, students who are partly able or unable to pay their fees, are also assisted. |
| ACHIEVEMENT AND PERFORMANCE |
| The Trustees note that the charity has increased donations in the year, the cash reserve has increased substantially. |
| FINANCIAL REVIEW |
| Financial position |
| The Statement of Financial Activities shows a Deficit for the year of £27,941 (2023 : Surplus of £7,620). |
| ANSHEI SHALOM (REGISTERED NUMBER: 04896581) |
| REPORT OF THE TRUSTEES |
| FOR THE YEAR ENDED 30TH SEPTEMBER 2024 |
| FINANCIAL REVIEW |
| Reserves Policy |
| The charity's reserves policy is to maintain sufficient reserves to enable the charity to continue its activities and services at a meaningful level, should there be a considerably drop in the level of donations . As all income is derived from voluntary donations, the trustees review this position on a regular basis. |
| In view of this the trustees aim to maintain a level of reserves sufficient to meet three months basic operating costs. |
| Having regard to the above the Trustees are of the opinion that the cash reserves held as at the year end |
| would be sufficient to meet three months basic operating costs and, they intend to increase the reserves held in the forthcoming year. |
| Cash reserves as at the year end stood at £94,379 (2023 £118,347). |
| Going concern |
| After making appropriate enquiries, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements. |
| FUTURE PLANS |
| The Charity continues to press forward with its mission and to broaden its appeal. Whilst it has taken on some additional expenditures, the Community has continued to financially support its initiatives. Whilst we do not expect much in the way of a surplus for the forthcoming year, we are not expecting any erosion in our reserves. |
| 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 |
| All Directors of the company are also Trustees of the Charity, and there are no other Trustees. All of the Trustees named above served throughout the year. The Board has the power to appoint additional trustees as it considers fit to do so. |
| Related parties |
| There were no related parties during the year (2022- None). |
| Risk management |
| The Trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining reserves at as high a level as possible, combined with an annual review of the controls over key financial systems, will provide sufficient resources in the event of adverse conditions. |
| The Trustees have also examined other operational and business risks faced by the charity and confirm that they have established systems to mitigate the significant risks. |
| REFERENCE AND ADMINISTRATIVE DETAILS |
| Registered Company number |
| Registered Charity number |
| Registered office |
| ANSHEI SHALOM (REGISTERED NUMBER: 04896581) |
| REPORT OF THE TRUSTEES |
| FOR THE YEAR ENDED 30TH SEPTEMBER 2024 |
| Trustees |
| Company Secretary |
| Independent Examiner |
| Akiva Kahan FCA |
| Joseph Kahan Associates LLP |
| Chartered Accountants |
| 923 Finchley Road |
| London |
| NW11 7PE |
| 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 |
| INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF |
| ANSHEI SHALOM |
| Independent examiner's report to the trustees of Anshei Shalom ('the Company') |
| I report to the charity trustees on my examination of the accounts of the Company for the year ended 30th September 2024. |
| Responsibilities and basis of report |
| As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'). |
| Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act. |
| Independent examiner's statement |
| I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: |
| 1. | accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or |
| 2. | the accounts do not accord with those records; or |
| 3. | the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or |
| 4. | the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). |
| I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. |
| Akiva Kahan FCA |
| Joseph Kahan Associates LLP |
| Chartered Accountants |
| 923 Finchley Road |
| London |
| NW11 7PE |
| Date: | June 2025 |
| ANSHEI SHALOM |
| STATEMENT OF FINANCIAL ACTIVITIES |
| FOR THE YEAR ENDED 30TH SEPTEMBER 2024 |
| 2024 | 2023 |
| Unrestricted | Total |
| fund | funds |
| Notes | £ | £ |
| INCOME AND ENDOWMENTS FROM |
| Donations and legacies |
| Investment income | 2 |
| Total |
| EXPENDITURE ON |
| Charitable activities | 3 |
| NET INCOME/(EXPENDITURE) | ( |
) |
| RECONCILIATION OF FUNDS |
| Total funds brought forward |
| TOTAL FUNDS CARRIED FORWARD | 130,207 |
| ANSHEI SHALOM (REGISTERED NUMBER: 04896581) |
| STATEMENT OF FINANCIAL POSITION |
| 30TH SEPTEMBER 2024 |
| 2024 | 2023 |
| Unrestricted | Total |
| fund | funds |
| Notes | £ | £ |
| FIXED ASSETS |
| Tangible assets | 9 |
| CURRENT ASSETS |
| Debtors | 10 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 11 | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| NET ASSETS |
| FUNDS | 12 |
| Unrestricted funds | 130,207 |
| TOTAL FUNDS | 130,207 |
| The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2024. |
| The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2024 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. |
| ANSHEI SHALOM (REGISTERED NUMBER: 04896581) |
| STATEMENT OF FINANCIAL POSITION - continued |
| 30TH SEPTEMBER 2024 |
| 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 |
| ANSHEI SHALOM |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30TH SEPTEMBER 2024 |
| 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. |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Heritage assets | - |
| Computer equipment | - |
| 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. |
| Financial instruments |
| The Charity only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares. |
| Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss. |
| Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. |
| Debtors |
| ANSHEI SHALOM |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30TH SEPTEMBER 2024 |
| 1. | ACCOUNTING POLICIES - continued |
| Financial instruments |
| Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment. |
| Cash and cash equivalents |
| Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value. |
| Creditors |
| Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment. |
| 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. |
| 2. | INVESTMENT INCOME |
| 2024 | 2023 |
| £ | £ |
| Bank Interest received | 533 | 347 |
| 3. | CHARITABLE ACTIVITIES COSTS |
| Support |
| Direct | costs (see |
| Costs | note 4) | Totals |
| £ | £ | £ |
| Educational outreach and Religious Activities |
268,675 |
4,848 |
273,523 |
| ANSHEI SHALOM |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30TH SEPTEMBER 2024 |
| 4. | SUPPORT COSTS |
| Governance |
| costs |
| £ |
| Educational outreach and Religious Activities |
4,848 |
| 5. | NET INCOME/(EXPENDITURE) |
| Net income/(expenditure) is stated after charging/(crediting): |
| 2024 | 2023 |
| £ | £ |
| Depreciation - owned assets |
| 6. | TRUSTEES' REMUNERATION AND BENEFITS |
| There were no trustees' remuneration or other benefits for the year ended 30th September 2024 nor for the year ended 30th September 2023. |
| Trustees' expenses |
| There were no trustees' expenses paid for the year ended 30th September 2024 nor for the year ended 30th September 2023. |
| 7. | STAFF COSTS |
| Remuneration Policy |
| The governing principles of the charity's remuneration policy are as follows: |
| - To ensure delivery of the charity's objectives |
| - To attract and retain a motivated workforce with the skills and expertise necessary for organisational effectiveness |
| - The remuneration should be equitable and coherent accords th organisation |
| - To take account of the purposes, aims and values of the charity |
| - To ensure that pay levels and pay increment are appropriate in the context of the interest of our beneficiaries. |
| The average monthly number of employees during the year was as follows: |
| 2024 | 2023 |
| Employees |
| The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was: |
| 2024 | 2023 |
| £70,001 - £80,000 |
| ANSHEI SHALOM |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30TH SEPTEMBER 2024 |
| 8. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
| Unrestricted |
| fund |
| £ |
| INCOME AND ENDOWMENTS FROM |
| Donations and legacies |
| Investment income |
| Total |
| EXPENDITURE ON |
| Charitable activities |
| NET INCOME |
| RECONCILIATION OF FUNDS |
| Total funds brought forward |
| TOTAL FUNDS CARRIED FORWARD | 130,207 |
| 9. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Plant and | and | Heritage | Computer |
| machinery | fittings | assets | equipment | Totals |
| £ | £ | £ | £ | £ |
| COST |
| At 1st October 2023 and 30th September 2024 |
| DEPRECIATION |
| At 1st October 2023 |
| Charge for year |
| At 30th September 2024 |
| NET BOOK VALUE |
| At 30th September 2024 |
| At 30th September 2023 |
| The heritage assets disclosed in the accounts are Torah Scrolls. The carrying value of the scrolls at the beginning and the end of the year was £25,600. |
| The trustees carried out an impairment review on the scrolls and they believe that the carrying value is not significantly material in excess of its cost value. |
| The Torah scrolls were purchased over a 2 year period, five years ago. |
| ANSHEI SHALOM |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30TH SEPTEMBER 2024 |
| 10. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Trade debtors |
| Rent deposit | 4,459 | 4,459 |
| Prepayments |
| Trade and other debtors are recognised at the settlement amount due after any discounts offered. |
| Prepayments are valued at the amount prepaid net of any discounts due. Trade debtors represents gift aid reclaimable at the end of the year. |
| 11. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Trade creditors |
| Social security and other taxes |
| Other creditors |
| Accrued expenses |
| Creditors are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are normally recognised at their settlement amount after allowing for any trade discounts. |
| 12. | MOVEMENT IN FUNDS |
| Net |
| At | movement | At |
| 1/10/23 | in funds | 30/9/24 |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 130,207 | (27,941 | ) | 102,266 |
| TOTAL FUNDS | (27,941 | ) | 102,266 |
| Net movement in funds, included in the above are as follows: |
| Incoming | Resources | Movement |
| resources | expended | in funds |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 245,582 | (273,523 | ) | (27,941 | ) |
| TOTAL FUNDS | ( |
) | (27,941 | ) |
| ANSHEI SHALOM |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30TH SEPTEMBER 2024 |
| 12. | MOVEMENT IN FUNDS - continued |
| Comparatives for movement in funds |
| Net |
| At | movement | At |
| 1/10/22 | in funds | 30/9/23 |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 122,587 | 7,620 | 130,207 |
| TOTAL FUNDS | 122,587 | 7,620 | 130,207 |
| Comparative net movement in funds, included in the above are as follows: |
| Incoming | Resources | Movement |
| resources | expended | in funds |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 287,378 | (279,758 | ) | 7,620 |
| TOTAL FUNDS | 287,378 | (279,758 | ) | 7,620 |
| A current year 12 months and prior year 12 months combined position is as follows: |
| Net |
| At | movement | At |
| 1/10/22 | in funds | 30/9/24 |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 122,587 | (20,321 | ) | 102,266 |
| TOTAL FUNDS | 122,587 | (20,321 | ) | 102,266 |
| A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: |
| Incoming | Resources | Movement |
| resources | expended | in funds |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 532,960 | (553,281 | ) | (20,321 | ) |
| TOTAL FUNDS | 532,960 | (553,281 | ) | (20,321 | ) |
| ANSHEI SHALOM |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30TH SEPTEMBER 2024 |
| 13. | RELATED PARTY DISCLOSURES |