COMPANY REGISTRATION NUMBER: 04074983 CHARITY REGISTRATION NUMBER: 1091590 

## Kupas Rashbi Limited 

Company Limited by Guarantee 

Financial Statements 

30 September 2024 



## Kupas Rashbi Limited 

## Financial Statements 

## Year ended 30 September 2024 

||Page|
|---|---|
|Trustees' annual report|1-3|
|Independent examiner's report to the trustees|4|
|Statement of financial activities|5|
|Statement of financial position|6|
|Statement of cash flows|7|
|Notes to the financial statements|8-11|





Trustees' Annual Report I Year ended 30 September 2024 

## Kupas Rashbi Limited 

The trustees present their report and the financial statements of the charity for the Year ended 30 September 2024. 

Reference and administrative details 

|Registered|charity|name|Kupas<br>RashbiLimited|
|---|---|---|---|
|Charity registration number|||1091590|
|Company registrationnumber|||04074983|
|Principal offi ce|||14Wellington StreetEast|
||||Salford|
||||Manchester|
||||M72AX|
|The trustees|||Jacob Freed|
||||Moses Roitenbarg|
|Company|Secretary||Bayla Freed|
|Independent Examiners|||The Accountant LTD|
||||132 Broughton St|
||||Cheetham Hill, Manchester M8 8AN|
|Bankers|||Lloyds Bank|
||||Chelmsford Legg St OSC,|
||||1Legg Street|
||||Essex|
||||CM11JS|





Trustees' Annual Report _(continued)_ I Year ended 30 September 2024 

## Kupas Rashbi Limited 

## Structure, governance and management 

## Governing Document 

The Charity is constituted as a company l i m i t e d by guarantee and is  therefore governed by a Memorandum and Articles of Association dated 20 September 2000 which has not been amended. 

## Governing Body 

The structure of the Charity consists of two Trustees and a Secretary. The Board of trustees is authorised to appoint new Trustees to fill vacancies arising through resignation or death of an existing Trustee. 

## Organisational Management 

The Trustees of the Charity are legally respo1sible for the overall management and control of the Charity and meet regularly. 

## Objectives and activities 

The Charity is constituted as a limited by guarantee and is therefore governed by its Memorandum and Articles of Association. The trustees wish to support all worthy orthodox Jewish causes and the Charity achieves its objects by making grants ard distributing mainly to Jewish education and religious organisations both in the UK and abroad. 

The Charity's objects and its principal activities are: 

1. To advance education and religion in accordance with Orthodox Judaism. 

2. To relieve poverty and carry out other charitable purposes. 

The Charity is organised so that the Trustees meet regularly to manage its affairs. The Charity does not employ any staff or use voluntary assistance. Administration of the Charity is dealt with by trustees. 

## Strategic report 

The following sections for achievements and performance and financial review form the strategic report of the charity. 

## Achievements and performance 

The main areas of charitable activity are the provision of grants to all Jewish Persons and institutions in need. 



Trustees' Annual Report _(continued)_ I Year ended 30 September 2024 

## Kupas Rashbi Limited 

## **Financial review** 

The Trustees consider that the performance of the Charity this year has been satisfactory. The charity received donation of £520,500. 

The charity distributed a total of £515,000 during the year. The natures of the distributions were in line with the constitution and objects of the Charity. 

This is in line with the wishes of the Trustees who constantly review the effectiveness of the Charity and approve the scope of their activities. 

## **Trustees’ responsibilities statement** 

The trustees, who are also directors for the purposes of company law, are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounti ng Practice). 

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

In preparing these financial statements, the trustees are required to: 

- select suitable accounting policies and then apply them consistently; 

- observe the methods and principles inthe applicable Charities SORP; 

- make judgments and accounting estimates that are reasonable and prudent; 

- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; 

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. 

The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. 

The trustees' annual report and the strategic report were approved on 20 July 2025 and signed on behalf of the board of trustees by: 

Jacob Freed Trustee 



## Kupas Rashbi Limited 

## Independent Examiner's Report to the Trustees of Kupas Rashbi Limited 

## Year ended 30 September 2024 

I report to the trustees on my examination of the financial statements of The Kupas Rashbi Limited ('the charity') for the year ended 30 September 2024. 

## Responsibilities and basis of report 

As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financ 'al statements 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 the 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. 

## nIdependent examiner's statement 

Ihave completed my examination. Iconfirm that no matters have come to my attention inconnection wthi the examination giving me cause to believe: 

1. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or 

2. the financial statements do not accord with those records; or 

3. the financial statements 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 financial statements have not been prepared in accordance with the methods and principles of the Statements of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance wth the Financi ial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) 

I have no concerns and have come across no other mattersin conection 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. 

## lndendent Examiner 

Steven Kelly (Senior Statutory auditor) 

For and on behalf of 

## **The Accountant LTD** 

132 Broughton St Cheetham Hill, Manchester M8 8AN 

20 July 2025 



## Kupas Rashbi Limited 

## Statement of Financial Activities 

## Year ended 30 September 2024 

||2023|2023|2024|
|---|---|---|---|
||Unrestricted|||
||Total funds<br>Funds|Total funds<br>Total funds|Total funds|
|Note|£|£|£|
|Incomeandendowments||||
|Donations and legacies                                                    5             320,500|Donations and legacies                                                    5             320,500|520,500|520,500|
|TotalIncome|Income320,500|520,500|520,500|
|expendicture||||
|expendicture on charitable activities                             318,000|expendicture on charitable activities                             318,000||511,500|
|other charges                                                                1,500|other charges                                                                1,500||3,500|
|total expendicture                                                          319,500|total expendicture                                                          319,500||515,000|
|Net expenditure and net movement in fund                                 1,000|Net expenditure and net movement in fund                                 1,000|4,500|4,500|
|Reconciliation of funds||||
|Total funds brought forward.|<br>62,509|63,509|63,509|
|Total funds carried forward|63,509       6|63,509       68,009|68,009|



The statement of financial activities includes all gains and losses recognised in the year. All incomeand expenditure derive from continuing activities. 



## Kupas RashbiLimited 

## Statement of Cash Flows 

## Year ended 30 September 2024 ~~od~~ 

## ~~od~~ 

||2023|2024|
|---|---|---|
||£|£|
|Cash flows from operating activities|||
|Net expenditure|Net expenditure1,000|1,000<br>4,000|
|_Changes in:_|||
|Accruals|Accruals(200)|0)<br>(600)|
|Cash generated from operations                                                                               20|Cash generated from operations                                                                               20,600|,600|
|Net cash from operating activities                                                                              20,600|ties                                                                              20,600|9,600|
|Net decrease in cash and cash equivalents                                                       20,600|Net decrease in cash and cash equivalents                                                       20,600<br>9|9,600|
|Trade and other debtors<br>-|||
|Cash flow from financing activities|||
|Proceeds from borrowings                                                                                          27|Proceeds from borrowings                                                                                          27<br>,000        35,000|0        35,000|
|Net increase in cash and cash equivalents                                                       47,600|Net increase in cash and cash equivalents                                                       47,600|44,600|
|Cash and cash equivalents at beginning of year                                             62,509|Cash and cash equivalents at beginning of year                                             62,509|63,509|
|Cash and cash equivalents at end of year                  110,109|Cash and cash equivalents at end of year                  110,109|108,109|





Kupas Rashbi Limited 

Notes to the Financial Statements IYear ended 30 September 2024 

## 1. General information 

The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is 14, Wellington Street East, Salford, Manchester, M72AX 

## 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.The activites of the charity have been reduced during the covid-19 period. However as the operational costs of the charity are very low, there are no issues regarding going concern. 

Judgements and key sources of estimation uncertainty 

The preparation of the financial statements did not require management to makejudgeme nts, estimates or assumptions that affect the amounts reported. 

## Fund accounting 

Unrestricted funds held by the charity are funds that can be used in accordance with the charitable objects at the discretion of the trustees. 

Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. 

Restricted funds are subjected to restrictions ontheir expenditure declared by the donor or throughthe terms of an appeal,and fall into one of two sub-classes: restricted income funds or endowment funds. 



Kupas Rashbi Limited Notes to the Financial Statements 

_{continued)_ I Year ended 30 September 2024 

3. Accounting policies 

## 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 willflow to the charity and the amount can be reliably measured. The following specific policies areappliedto particularcategoriesofir.come: 

- income from donations or grantsis recognised when there is evidence of entitlement to the gift, receipt is probable and its amountcan 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 thecontributionofgeneralvolunteers. 

- 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 wh ich case it may beregarded 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, noncharitable 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 ofits 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 activitiesthey contributeto on a reasonable,justifiable andconsistent basis. 

## Financial instruments 

A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument. 

Aasic financial instruments are initially recognised at the amount receivable or payable including any 



Kupas Rashbi Limited Notes to the Financial Statements _(continued)_ Year ended 30 September 2024 

## 3. Accounting policies _(continued)_ 

Financial instruments _(continued)_ 

Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. 

Debt instruments are subsequently measured at amortised cost. 

Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost lessimpairment. 

Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate _of_ interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. 

Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relat onship. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading _in_ the statement of financial activities in which the initialgain was recognised. 

For all equity instruments regardless of significance, and other financial assets that are individually significant,these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. 

Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised . 

4. Limited by guarantee The company is limited by guarantee and does not contain any share capital. 

- 5 `.` Donations and legacies 

Unrestricted Total Funds Unrestricted Total Funds Funds 2023 Funds 2024 £ £ £ £ Donations Donations                                                       320,500         320,500[520,500][520,500]