THE PERSIAN HEBREW COMMUNITY Charity No. 1138468 TRUSTEES, ANNUAL REPORT and FINANCIAL STATEMENTS For the Year ended 31 March 2024
THE PERSIAIY HEBREW COMMUNITY LEGAL AND ADMINISTRATIVE IIYFORMATION Trustees Amos Azizoff Michael Hakimian Alex Bassalian Jeffrey Azizoff eoffrey Azizollahorf Charity No. 1138468 Address 2 Beechtield Road London N4 IPE Independent examiner Harold Bach. Accountant Rokeby Hoiise I l Bishops Road London N6 4HP
THE PERSIAN HEBREW COMMUNITY TRUSTEES, ANNUAL REPORT for the Year ended 31 March 2024 The trustees present their Annual Report and Financial Statements tor the year ended 31 March 2024 The tru<tees have elected to prepare accounts on a receipts and payments basis under Section 133 ot the Charities Act 2011. Structure* governanee and management The Charity was fomerly known as The Persian Hebrew Congregation. In accordance with the order of the Charity Commission lor England and Wales. as Irom 19 July 201 O the Charity is now known as The Persian Hebrew Community and is goTremed by the Scheme set out by the Charity Commission. The trustees who served during the year were: Amos Azizoff (originally appointed 19 July 2010. reappointed 19 July 2022) Michael Hakimian (origip_allv appointed 19 Jul), 201 O. reappointed 19 July 2022) Alex Bassalian (originally appointed 19 July 2010. reappointed 19 July 2022) jeft.rey Azizoff (originally appoinied 19 Jul}, 2010. reappointed 19 July 2022) Geoffrey Azizolahotl" (originally appointed 8 May 201), reappointed 8 May 2021) The appointment of trustees is governed by the Scheme and each trustee is appointed for a tenn of 4 years. Objectives and activities The Charity's objects are: The advancement of the Jewish t.aith among persons of the Persian Hebrew Community with a preference for those who are for the time being resident in Great Britain. (i) The education in the Jewish faith of the children of members of the Persian Hebrew Community Wlth a preference for those who are tor the time being resident in Great Britain. The relief of poverty and sickness among the Persian Hebrew Community With a prcference for those who are t.or the time being resident in Great Britain. Such other purposes ancillary to the foregoing purposes as the trustees may from time to time decide.
The trustees hold at least 2 meetings each year at which consideration is given to the Charity's investments and distribution of funds. The trustees have paid due regard io the guidance on public benefit issued by the Charity Commission in deciding what activities the Charity should undertake. Achievements and performance During the year the Charity donated £65.000 to United Mashadi Community of Israel and £12,000 to Vaad Jerusalem for the purpose of providing food and medicine for poor Persian families in Israel. The Chaeity also donated £25.000 to Chabad Mishkafayim for the advancement of and education in the Jewish faith of Persian families in Israel. Financial review As at 31 March 2024 the Charitv's tunds. all of which were unrestricted, amounted. at book cost, to £1,662,038 (2023 - £1,657,705). Ot the £1,662,038 £1,182,925 has been invested in a freehold propety to provide income for the charity and £487,021 was held at bank. The sources of the £1.662.038 comprise funds of £1,335,455 held at 31 March 2011, a legacy ot" £68.283 received in 2022 and £258.300 income held in reserve. On behalf of the board of trustee Amos Azizoff Trustee Dated . January 2025
THE PERSIAN HEBREW COMMUNITY INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE PERSIAN HEBREW COMMUNITY {"the Charity") I report on the accounts of the Persian Hebrew Community for the year ended 31 March 2024, which are set out on pages 5 to 6. Respective responsibilities of trustees and examiner The Charity's trustees are responsible for the preparation of the financial statements. The Charity's trustees consider that an audit is not required for this year under section l M(2) of the Charities Act 2011 ("the 2011 Act") and that an independent examination is needed. It is my responsibility to: (i) (li) examine the financial statements under section 145 of the 2011 Act; to follow the procedures laAa dowi in the general Directions given by the Charity Commission under sectloii 145(i)(b) ot.the ?01 l Act: and to state whether particular matte hai'e come to my attention. Basis of independent examiner's report My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts pre>ented with those records. It also includes consideration of any unusual items or disclosures in the accounts. and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is gii'en as to whether the accounts present a 'true and fair view, and the report is limited to those matters set out in the statement below. Independent examiner's statement In connection with my examination. no matter has come to my attention: (a) which gives me reason2ble cause to believe thal in any material respect the requirements: (i) to keep accounting records in accordance with section 130 of the 201 l Act; and (li) to prepare accounts M,hich accord with the accounting records and comply with the accounting requiremknts of the 201 l Act have not been met; or to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Harold Bach Accountant Rokeby House I l Bishops Road London N6 4HP 2G January 2025
THE PERSIAN HEBREW COMMUNITY Charity No. 1138468 Statement of Receipts and Payrnents for the Year ended 31 March 2024 unstrIcted Funds 2023 Revenue receipts 82,339 169 Rentsl income 1Ved Interest reiVed 82,339 1,755 82,508 84,094 Capital receipts Legacy 68,283 Other receipts Exs5 of VAT charged on income over VAT suffered on payments 51 150,791 Totsl Receipts 84,145 Revenue payrnents Administrative expenditure Insuran of propety Bank charges Fess re rent review 2,017 175 2,405 2,192 2,505 Charitable loans. grants and donations Grants and donatr.ons United Mashadi Community of Israel Chabad Mishkafayim Vaad Jewsalem Persian Sephardi Synagogue 65,000 40,000 25.000 12.000 28,000 12,000 105,000 77,000 107,192 79,505 Capitsl payments Other payments VAT oVeaId in eor 633 107,825 Total Paymen 79,505 42,966 Excess of Receipts over Payments 4,640 439,415 Bank balances as at 31 March 2023 482,381 482,381 Bank balances as at 31 March 2024 487,021
THE PERSIAN HEBREW COMMUNITY Charity No. 1138468 Statement of Assets and Liabilities as at 31 March 2024 UnTrstricted Funds 2023 Assets Freehold investment property At cast VAT overpaid ."ecoverable Bank balanS 1.182,925 633 482,381 1,182,925 633 487,021 1,665,939 1,670,579 Liabilities 18,234) VAT Sundry creditor (8,234) {307} 1,657,705 Net assets 1,662.038 Sources of net assets Unrestricted funds 1,614.106 As at 31 March 2023 1,657,705 Year ended 31 March 2024 68,283 82,508 (107,192) Legacy Revenue receipts Revenue payments Accrijed administrative expense 84,094 (79,505) {256} {79,761 } 43,599 4,333 1.657,705 Unrestricted furids as at 31 March 2024 1,662,038