OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2025-12-31-accounts

REGISTERED COMPANY NUMBER: 07442727 (England and Wales) REGISTERED CHARITY NUMBER: 1140342

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

CHABAD LUBAVITCH OF BLOOMSBURY - CENTRAL LONDON

CHABAD LUBAVITCH OF BLOOMSBURY - CENTRAL LONDON

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

Page
Report of the Trustees 1 to 5
Independent Examiner's Report 6
Statement of Financial Activities 7
Balance Sheet 8 to 9
Cash Flow Statement 10
Notes to the Cash Flow Statement 11
Notes to the Financial Statements 12 to 18

CHABAD LUBAVITCH OF BLOOMSBURY - CENTRAL LONDON (REGISTERED NUMBER: 07442727)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025

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 31 December 2025. 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 objects of the charity are:

(i) The advancement of the Jewish religion and Jewish religious education in accordance with the principles of Chabad Lubavitch.

(ii) The relief of poverty in particular but not exclusively by providing training and advisory services to poor people to enable them to acquire skills equipping them for life and for earning a livelihood. (iii) The advancement of education.

Public benefit

The trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the aim and objectives and in planning the charity's future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives set.

All activities undertaken by the charity are for the public benefit. The core of our philosophy is to share with people a sense of moral responsibility and ethical values as conveyed in the Torah and illuminated in Chassidic teachings, and to empower, encourage and show people how to live by these ideals for the benefit of all of humanity and indeed all of creation. This includes responsible citizenship and the duties we have to society and to the individuals within it. These ideas are central to the planning of all activities and programmes.

Page 1

CHABAD LUBAVITCH OF BLOOMSBURY - CENTRAL LONDON (REGISTERED NUMBER: 07442727)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025

STRATEGIC REPORT Achievements and performance

Charitable activities

Based on the Chabad Lubavitch teachings and philosophy, as expressed by the Lubavitcher Rebbe, Rabbi Menachem Mendel Schneerson of righteous memory, Chabad Lubavitch of Bloomsbury - Central London operates a Chabad House, a community centre, which provides a wide range of activities, including Jewish educational classes, cultural resources, welfare resources, pastoral care and religious services in central London. We focus primarily, although by no means exclusively, on students and other young people.

Our resources and services are available to all people, irrespective of their age, background, religious observance, affiliation, and financial ability, and we put a strong emphasis on making our programmes and activities warm, friendly, attractive and inviting to all.

We have expanded our educational programmes so that we can inspire more people to explore their Jewish heritage and gain a deeper understanding and better connection with their faith, leading to enhanced observance, each in their own style and at their own pace.

Our activities in 2025 included:

Key Achievements:

We increased our presences and visibility on campus at various universities, providing crucial support to students. We also held events for others, not students, at the Chabad House and at other venues, including offices in the area.

We consistently strive to share a positive and uplifting message, to invite our community and the wider community to be proud of who they are and what they stand for, to be confident, to be a shining example of goodness and kindness, and to realise that the world has more goodness and light than the opposite and this is what we must focus on. We emphasize that most people are good and are willing, even eager, to work with us to spread light, warmth, light and G-dliness and that it’s up to us to engage with them and work with them, together transforming the world into a home for the Divine. We encourage people to ignore the doom and gloom in the media, new and old, and to see the world for what it really is, which is a place that, despite its current problems, is fundamentally good and Divine, and to see their fellow humans and all of Creation as mostly good. Of course improvements are needed and these improvements are ones we are capable of effecting.

Page 2

CHABAD LUBAVITCH OF BLOOMSBURY - CENTRAL LONDON (REGISTERED NUMBER: 07442727)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025

Our focus is always on being confident, proud and positive, whilst not ignoring the pain people experience or being deluded about the situation. There is vastly more good in the world than the opposite, and vastly more people (of all backgrounds) who are good than the opposite. We encouraged people to focus more on this, to recognise the manifold and manifest examples of this, thus improving their own feelings and mood, whilst creating a positive ripple effect in society as a whole. This is the only generally effective way of confronting and defeating evil; introducing and increasing light. The focus becomes on creating a better world rather than becoming mired in the mud of combatting those who wish to do otherwise. This is the consistent messaging and example that we share.

The events of the year have provided much perspective in so many areas. As a charity, we have a renewed focus on our wonderful partners, both those who generously support us and also those who give us the opportunity to support them and who inspire us to no end. We cherish our partnership with you. To all of you, we thank you from the bottom of our hearts, you have taught us so much and provided us with wonderful opportunities. We look forward to continuing our fruitful partnerships with you in more obviously bright times, helping to make society and the world a better, brighter, more loving, more peaceful and more G-dly place.

Our partners continue to recognise the excellent return on investment that the charity offers, with very low overheads and admin costs for a proportionally very high expenditure on our charitable aims.

The vast majority of the funds our donors generously invest in our work goes directly towards helping those who need it.

Finally, we thank our dedicated staff and volunteers who are the lifeblood of the charity and who demonstrate stellar dedication to the charity and its role of providing much needed assistance and support to others.

Financial review

Financial position

The financial results of the charity for the year ended 31 December 2025 are fully reflected in the attached Financial Statements together with the Notes thereon.

Income from donations and other income aggregated £422,307 (2024: £1,178,041). Total resources expended was £622,596 (2024: £837,079) resulting in net deficit of £200,289 (2024:surplus of £340,962).

The large discrepancy between the 2024 and 2025 income is mainly due to some income - normally expected to be donated over a period of 2-3 years - being front loaded and donated (unrestricted) in 2024. That income was therefore absent in 2025.

Reserves policy

It is the policy of the charity to maintain Unrestricted Funds, which include the Free Reserves of the charity, at a level which the trustees think appropriate after considering the future commitments of the charity and the likely costs of the charity for the next year.

As at 31 December 2025, the charity had total unrestricted funds of £1,263,968 (2024: £1,464,257) and no restricted funds. Unrestricted funds includes £254,020 (2024: £254,020) which arises from the revaluation of the charity's long leasehold property.

Going concern

There are no material uncertainties that may cast significant doubt about the company’s ability to continue as a going concern.

Key risks and uncertainties

The trustees have assessed the major risks to which the charity is exposed and are satisfied that systems are in place to mitigate exposure to the major risks. The main risk faced by the charity especially in uncertain economic times is a decline in fundraising and donations. In common with many charities we are highly dependent on (and grateful to) our many donors and supporters.

Page 3

CHABAD LUBAVITCH OF BLOOMSBURY - CENTRAL LONDON (REGISTERED NUMBER: 07442727)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025

STRATEGIC REPORT

Future plans

The charity will continue to focus on providing the best educational, social, cultural and religious services it can, seeking to constantly improve and grow. It will focus in particular on programmes and events which help people see a more positive reality, seeing the world as a fundamentally good and Divine place, and seeing their fellow humans and all of Creation as mostly good, with the necessary improvements towards perfection being ones we are capable of effecting.

Our additional and immediate focus in 2025, heading into 2026, is to continue support people with the aftermath of the events of 7 October and the effect of this on the Jewish community, especially as pertaining to overt expressions of Jew hatred, as well as persistent inflation and the cost-of- living crisis, with their additional financial, social, communal and mental health challenges.

We have put a lot of work into this support and expect this side of our work to grow for the immediate future. This includes: urgent material support under our relief of poverty objectives, including food packages; transport help; mental and emotional support for those in need, including those facing acute challenges due to the current crises, those affected by the increase in overt expressions of Jew hatred, and those affected by the increase in domestic abuse; pro-active sessions to give people the tools to better address the challenges they face and to be able to identify key trigger points for mental health and relationship crises and identify mechanisms for dealing with them before they become acute; more positive and uplifting events, to help people move away from the doom and gloom in the media, new and old, and to move towards seeing the reality, a world which, despite its current problems, is fundamentally good and Divine.

In addition, the charity has adopted a medium-to-long-term strategy with the following goals:

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

New trustees are appointed due to their interest in the work of the charity and their recognised experience in specific fields which will further support the work of Chabad Lubavitch of Bloomsbury - Central London.. Trustees can retire when they wish as they do not serve under a fixed term of tenure.

The power to appoint new trustees is vested in the current board.

Potential trustees are invited to informally attend trustee meetings prior to appointment, and a comprehensive induction programme is available. Additionally, individual trustees may undertake external training in a particular area of their role.

None of the trustees have any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of winding up.

All trustees give their time voluntarily and receive no benefits from the charity.

Organisational structure

The trustees, who are also directors for the purpose of company law, administer the charity. The day-to-day management of Chabad Lubavitch of Bloomsbury - Central London is delegated by the trustees to the Principal.

Page 4

CHABAD LUBAVITCH OF BLOOMSBURY - CENTRAL LONDON (REGISTERED NUMBER: 07442727)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025

STRUCTURE, GOVERNANCE AND MANAGEMENT

Induction and training of new trustees

Chabad Lubavitch of Bloomsbury - Central London strives to ensure equal opportunities and diversity in both the employment of staff and trustee appointments. Selection criteria and procedures are regularly reviewed to ensure that individuals are selected, promoted and treated on the basis of their relevant merits and abilities.

Wider network

At present Chabad Lubavitch of Bloomsbury - Central London does not consider itself part of a wider network.

Related parties

There are no related charities or organisations.

Risk management

The trustees acknowledge their 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. This they do via regular meetings and by reviewing the charity’s policies and procedures and working with the Principal to ensure that these are all properly implemented.

Operating Names

The charity also operates under the names Chabad of Bloomsbury & Marylebone and Chabad Lubavitch of Bloomsbury & Marylebone.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number

07442727 (England and Wales)

Registered Charity number

1140342

Registered office

85 Great Titchfield Street London W1W 6RJ

Trustees

Mr Y Y Kopfstein Mr Y Y Weisz Mr A L Lee

Independent Examiner

. DAS Accounting & Partners (UK) LLP 105 Eade Road OCC Building A 2nd Floor Unit 11a London N4 1TJ

Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 17 July 2026 and signed on the board's behalf by:

Mr A L Lee - Trustee

Page 5

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CHABAD LUBAVITCH OF BLOOMSBURY - CENTRAL LONDON

Independent examiner's report to the trustees of Chabad Lubavitch of Bloomsbury - Central London ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2025.

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

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.

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.

.

DAS Accounting & Partners (UK) LLP 105 Eade Road OCC Building A 2nd Floor Unit 11a London N4 1TJ

17 July 2026

Page 6

CHABAD LUBAVITCH OF BLOOMSBURY - CENTRAL LONDON

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2025

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
Investment income
3
Total
EXPENDITURE ON
Charitable activities
4
Direct charitable expenditure
Other charitable expenditure
Total
NET INCOME/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 2025
Unrestricted
funds
£
418,933
3,374
422,307
532,410
90,186
622,596
(200,289)
1,464,257
1,263,968		 2024
Total
funds
£
1,204,036
(25,995)
1,178,041
745,841
91,238
837,079
340,962
1,123,295
1,464,257

The notes form part of these financial statements

Page 7

CHABAD LUBAVITCH OF BLOOMSBURY - CENTRAL LONDON (REGISTERED NUMBER: 07442727)

BALANCE SHEET 31 DECEMBER 2025

Notes
FIXED ASSETS
Tangible assets
11
CURRENT ASSETS
Debtors
12
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
13
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
CREDITORS
Amounts falling due after more than one year
14
NET ASSETS
FUNDS
15
Unrestricted funds:
General fund
Revaluation reserve
TOTAL FUNDS		 2025
Unrestricted
funds
£
2,365,587
38,995
85,634
124,629
(123,946)
683
2,366,270
(1,102,302 )
1,263,968
1,009,948
254,020
1,263,968
1,263,968		 2024
Total
funds
£
2,367,605
29,520
325,104
354,624
(108,053)
246,571
2,614,176
(1,149,919 )
1,464,257
1,210,237
254,020
1,464,257
1,464,257

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The financial statements were approved by the Board of Trustees and authorised for issue on 17 July 2026 and were signed on its behalf by:

The notes form part of these financial statements

continued...

Page 8

CHABAD LUBAVITCH OF BLOOMSBURY - CENTRAL LONDON (REGISTERED NUMBER: 07442727)

BALANCE SHEET - continued 31 DECEMBER 2025

Mr A L Lee - Trustee

The notes form part of these financial statements

Page 9

CHABAD LUBAVITCH OF BLOOMSBURY - CENTRAL LONDON

CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2025

Notes
Cash flows from operating activities
Cash generated from operations
1
Interest paid
Net cash (used in)/provided by operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Interest received
Net cash provided by/(used in) investing activities
Change in cash and cash equivalents in
the reporting period
Cash and cash equivalents at the
beginning of the reporting period
Cash and cash equivalents at the end of
the reporting period		 2025
£
(192,780)
(47,103)
(239,883)
(2,961)
3,374
413
(239,470)
325,104
85,634		 2024
£
348,347
(48,538)
299,809
(55,910)
4,005
(51,905)
247,904
77,200
325,104

The notes form part of these financial statements

Page 10

CHABAD LUBAVITCH OF BLOOMSBURY - CENTRAL LONDON

NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2025

1. RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

OPERATING ACTIVITIES
Net (expenditure)/income for the reporting period (as per the
Statement of Financial Activities)
Adjustments for:
Depreciation charges
Interest received
Interest paid
(Increase)/decrease in debtors
Decrease in creditors
Net cash (used in)/provided by operations		 2025
£
(200,289)
4,979
(3,374)
47,103
(9,475)
(31,724)
(192,780)		 2024
£
340,962
5,506
(4,005)
48,538
36,660
(79,314)
348,347

2. ANALYSIS OF CHANGES IN NET FUNDS

At 1.1.25 Cash flow At 31.12.25
£ £ £
Net cash
Cash at bank and in hand 325,104 (239,470) 85,634
325,104 (239,470) 85,634
Total 325,104 (239,470) 85,634

The notes form part of these financial statements

Page 11

CHABAD LUBAVITCH OF BLOOMSBURY - CENTRAL LONDON

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

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.

The accounts have been prepared on an ongoing basis based on the continued support by the Trustees to meet its liabilities as and when due.

Critical accounting judgements and key sources of estimation uncertainty

In the application of the charity's accounting policies, the trustees are requires to make judgments, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The trustees do not consider there are any critical judgments or sources of estimation uncertainty requiring disclosure beyond the accounting policies listed below.

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.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Tangible fixed assets

Fixed assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

The charity's long leasehold property is included in the Balance Sheet at trustees' best estimate of fair value less accumulated depreciation.

Depreciation

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life

Long leasehold - over the period of the lease
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

continued...

Page 12

CHABAD LUBAVITCH OF BLOOMSBURY - CENTRAL LONDON

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2025

1. ACCOUNTING POLICIES - continued

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.

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.

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

2. DONATIONS AND LEGACIES

Donations and gifts
Grants received
Income from charitable activities		 2025
£
374,711
10,686
33,536
418,933		 2024
£
1,174,001
2,418
27,617
1,204,036

The large discrepancy between the 2024 and 2025 income is mainly due to some income - normally expected to be donated over a period of 2-3 years - being front loaded and donated (unrestricted) in 2024. That income was therefore absent in 2025.

Donations and gifts include donated assets and services totalling £80,656 (2024: £68,737) as follows:

2025 2024
£ £
Outreach expenses 70,643 62,035
Telephone and IT 10,013 6,702
80,656 68,737

continued...

Page 13

CHABAD LUBAVITCH OF BLOOMSBURY - CENTRAL LONDON

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2025

3. INVESTMENT INCOME

Irrecoverable rental income
Interest receivable		 2025
£
-
3,374
3,374		 2024
£
(30,000)
4,005
(25,995)

4. CHARITABLE ACTIVITIES COSTS

Direct
Costs (see
note 5)
£
Direct charitable expenditure
378,333
Other charitable expenditure
-
378,333
5.
DIRECT COSTS OF CHARITABLE ACTIVITIES
Staff costs
Outreach expenses
6.
GRANTS PAYABLE
Direct charitable expenditure
Grants to institutions		 Grant
funding of
activities
(see note
6)
£
154,077
-
154,077		 Support
costs (see
note 7)
£
-
90,186
90,186
2025
£
18,349
359,984
378,333
2025
£
154,077		 Totals
£
532,410
90,186
622,596
2024
£
12,371
331,361
343,732
2024
£
402,109
2025 2024
£
 £
99,647
329,403

All grants paid to institutions went towards one of the following purposes: the relief of poverty, advancement of Jewish religion and advancement of Jewish religious education.

The following grants to institutions were paid during the year:

£
South African Jewish Board of Deputies 18,000
Hatikvah Trust Durban 14,902
Yeshiva gedolah 6,750
Donations under £6,000 59,995
Total Grants to Institutions 99,647

The following grants to individuals were paid during the year:

continued...

Page 14

CHABAD LUBAVITCH OF BLOOMSBURY - CENTRAL LONDON

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2025

6. GRANTS PAYABLE - continued

2025 2024
£ £
Grants to individuals 54,430 72,706

7. SUPPORT COSTS

SUPPORT COSTS
Governance
Management Finance costs Totals
£ £ £ £
Other charitable expenditure 34,169 51,282 4,735 90,186

8. NET INCOME/(EXPENDITURE)

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

2025 2024
£ £
Independent Examiner's Fee 2,100 -
Auditor's remuneration - 2,700
Depreciation - owned assets 4,979 5,506

9. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2025 nor for the year ended 31 December 2024.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 December 2025 nor for the year ended 31 December 2024.

10. STAFF COSTS

2025 2024
£ £
Wages and salaries 26,858 15,890
Pension costs 1,554 1,369
28,412 17,259
The average monthly number of employees during the year was as follows:
Administration
Outreach		 2025
1
1
2		 2024
1
1
2

No employees received emoluments in excess of £60,000.

Page 15

continued...

CHABAD LUBAVITCH OF BLOOMSBURY - CENTRAL LONDON

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2025

11. TANGIBLE FIXED ASSETS

COST
At 1 January 2025
Additions
At 31 December 2025
DEPRECIATION
At 1 January 2025
Charge for year
At 31 December 2025
NET BOOK VALUE
At 31 December 2025
At 31 December 2024
COST
At 1 January 2025
Additions
At 31 December 2025
DEPRECIATION
At 1 January 2025
Charge for year
At 31 December 2025
NET BOOK VALUE
At 31 December 2025
At 31 December 2024		 Long
leasehold
property
£
2,254,020
-
2,254,020
13,084
2,266
15,350
2,238,670
2,240,936
Holy
scrolls
£
46,678
-
46,678
-
-
-
46,678
46,678		 Improvements
to
property
£
77,044
-
77,044
78
78
156
76,888
76,966
Computer
equipment
£
15,793
-
15,793
15,074
717
15,791
2
719		 Fixtures
and
fittings
£
33,724
2,961
36,685
31,418
1,918
33,336
3,349
2,306
Totals
£
2,427,259
2,961
2,430,220
59,654
4,979
64,633
2,365,587
2,367,605

Page 16

continued...

CHABAD LUBAVITCH OF BLOOMSBURY - CENTRAL LONDON

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2025

12.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025
£
Other debtors
38,995
Prepayments and accrued income
-
38,995
13.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025
£
Trade creditors
4,335
Social security and other taxes
4,283
Other creditors
68,633
Bank loans
46,695
123,946
Bank loans of £41,974 are secured by legal charges over the charity's property.
14.
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025
£
Bank loans
1,102,302
Bank loans of £1,084,746 are secured by legal charges over the charity's property.
15.
MOVEMENT IN FUNDS
Net
movement
At 1.1.25
in funds
£
£
Unrestricted funds
General fund
1,210,237
(200,289)
Revaluation reserve
254,020
-
1,464,257
(200,289)
TOTAL FUNDS
1,464,257
(200,289)
Net movement in funds, included in the above are as follows:
Incoming
Resources
resources
expended
£
£
Unrestricted funds
General fund
422,307
(622,596)
TOTAL FUNDS
422,307
(622,596)		 2024
£
29,131
389
29,520
2024
£
4,384
4,283
52,816
46,570
108,053
2024
£
1,149,919
At
31.12.25
£
1,009,948
254,020
1,263,968
1,263,968
Movement
in funds
£
(200,289)
(200,289)

continued...

Page 17

CHABAD LUBAVITCH OF BLOOMSBURY - CENTRAL LONDON

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2025

15. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

At 1.1.24
£
Unrestricted funds
General fund
869,275
Revaluation reserve
254,020
1,123,295
TOTAL FUNDS
1,123,295
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
1,178,041
TOTAL FUNDS
1,178,041		 Net
movement
in funds
£
340,962
-
340,962
340,962
Resources
expended
£
(837,079)
(837,079)		 At
31.12.24
£
1,210,237
254,020
1,464,257
1,464,257
Movement
in funds
£
340,962
340,962

16. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 December 2025.

Page 18