Charlty reglstratitsn numbèr 1151634
BEDERECH KOVOD
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

BEDERECH KOVOD
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Mr M Scher
Mr N Gruner
Mr S GrossbÈrger
Mr E Leech
Charlty number
1151634
Principal addres$
7 Bevendon Square
S811ord
M7 4TF
Auditor
Glazers
843 Finchley Road
London
NW118NA

BEDERECH KOVOD
CONTENTS
Page
Trustees. report
Slalemenl ol Iruslees. responsibilities
Independent auditor's report
stalemenl ol linancial aclivilies
Balance sheet
Slalemenl of cash Ilows
Notes to the financial statements
10-15

BEDERECH KOVOD
TRUSTEES, REPORT
FOR THE YEAR ENDED 30 NOVEMBER 2023
The Iruslees present their annual feport and financial stalemenls for Ihe yoa¥ end8d 30 November 2023.
The linanclal slalemenls have bBen prepared in accordance with the accounting policies sel out in note ? to th&
financial slal&monls and comply with the charily's 9ov?rning document, the Charities Act 2011 and A¢¢ounling and
Rèporting by Charities.. Sl•l¢m&nl of R&¢ommended Piaclice applicable lo charities preparing their a¢counls in
ac¢ordanfjE with IhB Financial Reporting Standard applicable in Ihg UK and Republic ol Ireland IFRS 1021"
{eff8clive 1 January 2019}.
OblÈctlves and actlvllles
The charity makes grants to poor families and individLJals for baslc needs such as food and medical requiremenlg
and also makes grants for thè enhancement of the praclice of Ihe Jewish Religion.
The trustees have paid due regard lo guidance issued by Ihe Charily Commission in deciding what aclivilies the
chaTily should undertake.
Achlevements and porformance
The cha¥ily's incoming resources in the year amounted lo £4.278.50712022 £3.483,6241.
During the year the chaTity made grants and dislribulions lolalling £4,234.35912022 £3,424,934).
Flnanclal rèvlew
As al 30 November 2023 the charity had unreslricled Teserves of £5,68412022 £27,237).
11 is the policy ol the charity Ihal uftreslricled funds which have not been designated for a specific use should be
maintained al minimum of £5,000. The Iruslees consider that re5e¢ves al this level will ensure that, Ivhile ensuring
Ihsl funds are ulilised for charitable purpostrs, in the event of a sigrkificanl drop in ILinding they will be able lo
continue (he charity's current activities whlle ¢onsideT81ion is given lo ways in which additional funds may be raised.
This lev81 of reserves has been mainiained throughout the year.
structure> governancè and management
The charily Is goveTned by a Irusl deed adopted on 3 April 2013 as amended on 18 September 2019.
The Irusle8s who served during the yeaT and up to the dal8 of signalurg of the financi81 slalemenls were:
Mr M ScheT
Mr N Gruner
Mr S Grossborger
Mr E Leech
Re¢ruilmenl and appoinlm&nl of n6w Iruslees is in 2ccordanc& with the twsl deed snd wllh the objectives of the
charity, and suitable candidates would be sensitive to the needs and demands ol the charity.
Th& Iru$lees' report was approved by the Board ol Tiustees.
Mr M Scher
Trustee
Dal&'.

BEDERECH KOVOD
STATEMENT OF TRUSTEES, RESPONSIBILITIES
FOR THE YEAR ENDED 30 NOVEMBER 2023
The Iiuslees are responsiblv for prgparing the Trust6es' Report and Ihe financial slalements in accordan¢e wilh
applicable law and United Kingdom Accounting Slandards Iunlted Kingdom Generally Accepted A¢¢ounling
Praclicel.
The law applicable lo charitigs in England and Wales requlres Ihe Iruslees to prepaie financial slalements for ea¢h
financial year which give a true and lair view of the slalÉ ol affalrs of Ihe charity and tsf the incoming resources and
application of resources ol the charity for that year.
In preparing these financial slalemenls, the Iruslees are required lo=
solecl suilable accounting policies and then apply them consislenlly.,
ob5ervB the methods and principles in the Charities SORP..
make judgements and estimates Ihal are reasonable and prudent.,
slate whether applicable accounling Standards have been followed, subject lo any material departures disclosed
and explained in the financial slalemenls.. anrl
prepare the finanGlal slalemenls on the going concern basis unless 11 Is inapproprlalè to Presume Ihal Ihe charity
will continue in operation.
The Iruslees are rèsponsible for kèeping sufficient ac¢ounlin9 records Ihal disclose with reasonable accuracy al any
lime Ihe financial poslllon ol the charity and enablè them lo ensure that tho financial slalemenls comp5y with the
Charities A¢1 2011, the Charity (Aceounls and Rfjports} Regulalions 2008 and the provisions ol th$ trust dèed. They
are also responslb1$ for safeguarding th6 assets of Ihe charily and hence for taking reasonablè steps for the
prvvenllon and de18clion ol fraud and othèr irregularities.

BEDERECH KOVOD
INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTEES OF BEDERECH KOVOD
Opinion
We havè audited the financial slalemenls of Bederech Kovod Ilhe 'charily'l for the year 8nded 30 Novernber 2023
which Comprise Ihe statement of financial aclivilies. Ihe balance sheet, the slalemenl of cash flows and notes lo the
rinancial slalem¢nls, includin9 significant accounting policies. The financial reporting Iratnework that hos been
applied in their preparation is applicable law and United Kiiigdom AGcounling Slandaids, inGluding Firiafjcial
Reporting Standard 102 The Financial Reporting Standard applic4bl8 in Ihe UK and R8publie ol Ireland (Uniled
Kingdom GenerallyAccepled Accounlin9 Piaclicel.
In our opinlon, the financial slalemenls..
glve a Irue and fair view of the slalo of Ihc charily's affairs as al 30 Novemb•r 2023 and ol ils incoming
f8SOUTces and application of resources, for the year Ih&n ended..
have bèen propeily prepared In accordanco with Unllfjd Kingdom Generally Accepted Accountin9 Practice.,
and
have been prepai8d In a¢coidan¢e wilh Ihe ¥eqLiirements ol the Charities Acl 2011.
Basls lor oplnlon
We conducted our audit in accoidance with Irilernalional Standards on Audiling IUKI IISAS IUKII and applicable
law. Our responsibilities under Ihc>se slandards are fLsrlher d¥s¢ribed in the Audftlorts responsibilities for Ihe audit of
the financial slalemgnls section of our report. We ar8 independent of Ihe charity in accordance with the elhical
requirements that are ielevanl to our audit of the financial stalemenls in the UK. including the FRC'S Ethical
Standard. and we have fulfilled our other elhic81 responsibilities in accordance with these requirernenls. We believe
that the audit evidence we have obtslntrd is suffi¢i8nt and appropriate lo provide a basis for OiIT opinion.
Concluslons relating to golng ¢oncern
In 8udiling Ihe financial stalemenls. we hava concluded that th& Iiusle&s' use of the going concern basis ot
accounting in lh& preparation of the financial slalemenls is appropriate.
Based on the work we have performed, we have nol idenlllied any material uncertainlies relating lo events or
conditions Ihal, individually or collectively, may cast significant doubl on the chaiily's ability lo ¢onlinue as a going
concern for a period of al leasl Iwelve months from when the financial slalemènls are authorised for issue.
Our responsibilities and the responsibilities of the trustees wllh respect lo golng ¢on¢eTn are desciibed in the
relevant se¢lions of this report.
other informatlon
The other inforfflalion comprises the inlormation included in Iho annual report other Ihan the financial slalem&nts
and our audllovs raport Ihereon. The trtJslee8 are responsible for the olhgr informallon conlalned wilhin the annual
report. Our oplnlon Dn the financial statements does not cover the othèr information and we do not express any form
of asstJran¢e conclusion Ihereon. Our responsibilily is lo lead the other Information and, in doing so, consider
whether Ihg olh8r information Is maleTially inconsislenl with Ihp finan¢lal slalemenls or our knowledge obtained in
the courso of the audit, or otherwise apptsars lo be mJlerlally misstalad. If we identify such material inconsistencies
or appar8nt material rnisslalemenis. we are rtsqulred to dolermlne whelher this gives rise lo a material misslalemenl
Sn the financial slalemenls themselves. If, based on tho work we have performed, we conclude that Iherts Is a
mal¢rlal misstatement of this other Information, we ar8 required lo report that fact.
Wp have nolhing lo report in this regard.
Matters on whlch wè ar8 r8quirgd to report by exceptlon
We have nothing lo report in Tespecl ol Ihe following matters in relation lo which Ihe Chaiilies {Accounls and
Reports) Regulations 2008 require us lo report lo you if, in our opinion..
the informalion glven In the financial slalemenls is inconsislenl in any malerS8l respect wSlh the trustees,
Tepori,. or
sufficient accounting records have not been kept., OT
the financial slalemenls are not in agrtremenl wilh the ac¢ounling records., or
wo hav6 not Tecelved all the information and explanallons we Tequire for our audit.

BEDERECH KOVOD
INDEPENDENT AUDITOR'S REPORT {CONTINUED)
TO THE TRUSTEES OF BEDERECH KOVOD
Responsibllities of Irusto$$
As explained more fully in the slalemenl ol IrLisleès' iesponsibililies. the Iruslees ale responsible for Ihe preparation
ol the financial slalemenls and for being salisfied that they give a true and lair view, and lor such internal Control a5
Ihe trustees determine is necessary 19 enable Ihg preparaliDn ol linanciol slalernenls that are free from m8lerial
misslalemenl, whether due to fraud or error. In preparing the financial slalBmenls, the liuslees are responsible lor
assesslng th¢ ch8rily's ability lo continue as a golng concern. disclosing, as ¥pplicable, matters rBlaled lo going
concern and using the going concern basis ol accotsnllng unless the trustees eilher intend ID cease opèralions, or
have no realistic allernalive bul lo do so.
Auditor's re5ponslblllll&s for the 8iidll ol the linanclal statements
We have been appointed as auditor under se¢lion 144 01 the Charilies Act 2011 and report in accord8nce with (he
Act and relevant regulations made or having effeGI Iheieunder.
Our objectives are lo obtain reasonable assuran¢e abovl whether the financial slalemenls a5 a whole are free from
rnalerial misslalemenl, whether due lo fraud or error, and lo issue an auditor's report Ih81 includes our opinion.
Reasonable assurancè is a high level ol assurance but is not a guarantee thal an audit Conducted in accordance
with ISAS IUKI will always dolecl a material misslatemènl when il exists. Misslalemenls can arise from fraud or
error and are ¢onsidered material il, individually or In the aggicgalo. they could reasonably be expected to influence
the economic decisions of users taken on the basis of these finaiicial statements.
The exlenl lo whlch Dvr procedures are capable of delecling Irregularities, including fraud. is delalled below.

BEDERECH KOVOD
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF BEDERECH KOVOD
In identifying and assessing risks ol material rlli5slalemenl in rospecl of irregularilies, Sncluding fiaud and non-
compliance with laws and regulations, wtr ¢onsidér8d the following..
I l Enquiries of man8gemenl con¢erning thè ¢harily's policies and procfjdures relating lo-.
identifying, evaluating and Gomplying wilh laws and regulations and whether Ihey were aware ol any inslances
of non-¢ompliancè
delecllng and responding lo Ihe risks of fraud and whether Ihey have knowledge of any aclLial. suspected or
alleged fraud. and
the internal conllols established lo tlllligale risks ielaled lo fraud or non-complian¢8 with laws Tegulallon$',
21 Discussions among Ihe engagement lean) reg2rding how and when fraud n)ighl occur in thè fin8nci81 stÈlements
and any polentiel indicators ol fraud.
In common with all audits under ISAS (UK), we arts also requir&d lo pèrform specific pro¢edur6s lo r&spond lo thÉ
risk of management override.
We also obtained an understanding ol the legal and regulatory fram¢work Ihal lh¢ charity operaltss in, fo¢using on
provisions of those laws and regulations that had a dir8cl effect on Ihe delerminalion of material amounls and
disclosures in the fiiiancial slalemenls. Th& key laws and regulations we considgred in this context included the
Charities Act along with the Charities SORP.
In addition, we considered provisions of other laws and 18gtjlalions Ihal do not hav8 a dlr6ct èff6cl on Ihe financial
slalemenls bul compliance with which may be fundamental lo Ihe ch8rily's ability lo operate or avoid a material
penalty.
As a restill of performing Ihe above, we did not Idenllfy any key audll mallers related lo Ihe polenllal rlsk of fraud or
non-compliance with laws and regulations.
In addiliDn to the above, our procedures to respond lo iisks identified included the lollDwing.'
Reviewing the financial slalg¥n6nl distylosures and lesling lo siJppDrtiny documentation lo asgess compliance
with provisions of Tel8vanl laws and regulations described as having a direct effect on the financial slalemenls.,
Enquiring ol n)anagemenl concgrnlng a¢lual and potential liligalion and claims.,
Performing analyliGal procedures lo identify any unusual or unexpected relationship5 that may indicate iisks of
material misslalemenl due lo fr8ud',
Reading minules of meetings ol Ihose charge(S with governance and reviewing correspondence wilh reltsvanl
lax authorities- and
In addrÈsslng lh& risk ol fraud through managernenl override of controls. 18sllng tho approprlaleness of Journal
enlrles and other adjustments,. assessing whether the judgements made in makin9 accounting estimates ar
indi¢alive of a potential bias.. and evaluating Ihe buslness rallonalo ol any stgnificanl Iransaelions that arè unusual
or outsidè the normal course ol business.
We also ¢ommunicaled relevanl idenllfied laws and regulations and potential fraud rbsks to all engagement team
membèrs, and remained alert lo any indicallons of fraud or non-¢omplian¢8 with laws and regulations Ihroughoul
tho audll.
We note that our audll Is not prlmarily designed lo delecl non-¢ompliance with laws and regulations and Ihe
Trustees and other management are rasponsible for such internal control as the Trustees and other managetllenl of
the charity determine Is necessary lo enablè the preparation of financial 51alemenl$ that are free from materi81
misstatement, whelher due lo errors or fraud. includin9 compliance wilh1aws and regulations. Additionally, owing lo
the inherent limilallons ol an audit, there is an unavoidable risk that we may not have detected 50m8 material
misslatemenls in the financial slalemenls, even though we have properly planned and performed our audit in
accordancè with auditing standards. We are not responsible for preventing non.compliance and cannot be expected
lo detect Wbon-compliance wllh all laws and regulations.

BEDERECH KOVOD
INDEPENDENT AUDITOR'S REPORT {CONTINUED)
TO THE TRUSTEES OF BEDERECH KOVOD
A lurth8r descrlpllon of our responslbSllllgs 1$ avallablg on tha Flnandal Reporting Council's websit8 at: https.'Il
.frc.org.uklaudilor8rosponslbllilles. This dosetlplion forms part ol our audilofs report.
Olhgr mattèrs
Comparallve inlormallon In Ihg 1Snancial slalemenls 1$ derlv6d from Ihg charlly's prfor perlod flnJn¢i81 stalaments
whSch wgrg nol audlled.
Your alten￿on Is dr&wn lo th8 lact that Ihe charlty h8s prepared financlal $10t8m8n18 in aGeordanc8 Wbth"Ac¢Duntlng
and Reporting by Charllles-. Slalern8nl ol Recommonded Pracllca opplicabla lo charities prapsrlng Ihelr accounts Iri
accordance wllh the Flnanclal Reporting Standard applicabl8 In Ihg UK and Republic of Ireland IFRS 102). la5
8rn8ndÉdl In preference lo th8 Accounllng arKI Reportlng by Charllles.. Slalem8nl ol R8comm8ndad Pra¢ltC8 Issuèd
on 1 Apill 2005 whi¢h18 referred to In th8 &xtsnl r8gulalion$ bul has now b88n wllhdrawn.
Thls has been dona In order for the Ibnancl81 slal8m8nls to PTovld8 8 Irug and 18lr vlaw In accord8nc8 with currfrnl
GenerallyAoc&pl&d Accounllng Pr8cli¢a.
Llsè of our rèport
Thls report Is made solely lo Ihe ch8rlly's Irusl688, a5 A ￿￿y, In accordance wllh part 4 of Ihg Charllios {Accounl$
ond Reporlsl Regulallons 2008. Our audit work has baen undertaken so that we mlghl stal8 to Ihe charlvs Irus1688
thos8 ma116rs we are required lo sl810 lo thom In an audllor's roport and for no oiher purpos¥. To th6 lullgsl oxlenl
P9rmilled by law, wo do nol accept or assumo rospon5ibilily lo anyon6 olh&r Ihan the charlly and lh8 ch8Tity's
IrustgOS 8$ a body. lor our audll work. for Ihls report, or for Iha opinlons we hev9 formed.
Gl&zer8
Chartgr¥d Accountants
Slatulory Audltor
843 Flnchley Road
London
NW118NA
Glazers Is 8ligibS8 lor appolnlmenl as oudllor of the chorlly by vlrtuo of Ils eliglblllly lor appolnlmgnl 88 audltor of o
¢ompany linder 8ècllon 1212 of ihe Comp8nl¢s Act 2006.

BEDERECH KOVOD
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 30 NOVEMBER 2023
Total
fLEnds
2023
Total
fund8
2022
Notes
Income from..
Donations and legacies
4,278.507
3,483.624
Total Income
4.278,507
3.483,624
Expenditure on,.
Charitable aclivilies
4,300,060
3.461,764
Total expenditure
4,300,06D
3,461,764
Net incomellexpendlturel and movement in funds
121,5531
21,860
Re¢on¢lllatlon of funds:
Fund balances al l December 2022
27,237
5,377
Fund balances at 30 Nov8mbèr 2023
5,684
27,237
The slalemenl of financial activities includes all gains and losses re¢ognised in the year. All income and expenditure
derlve frtsm continuing aclivilies,

BEDERECH KOVOD
BALANCE SHEET
ASAT30 NOVEMBER 2023
2023
2022
Notes
Current asso15
Cash al bank and in hand
34,053
126,079
Creditors.. amounts falling due within
one year
11
128.3691
198,842}
Nat current assets
5.684
27,237
Thg funds of thè charlty
Unreslricled fLJnds
12
5.684
27,237
5,684
27.237
The financial slalemenls were approved by Ihe Iru51ees on
Mr M ScheT
Trustee

BEDERECH KOVOD
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 30 NOVEMBER 2023
2023
2022
Notes
Cash flows from operallb)g acllvilies
Cash18bsorbed byllgeiieraled from
operations
14
192,0261
74,415
Nel cash used in investing aetlvllles
Net cash used In finan¢lng activities
Net Idècreasellincrease in cash and cash
èqUiV8lents
{92.0261
74,415
Cash and cash equivalents al beginning of year
126,079
51,664
Cash and cash equivalents at end of year
34,053
126,079

BEDERECH KOVOD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023
Accounllng policies
Charlty Informallon
Bederech Kovod is a charitable Irusl governed by a Irust deed. The principal office is al 7 Bevendon Square,
Sallord. M7 4TF.
1.1 Accountlny convention
The financial slalemenls have been prepared In 8¢¢ordance with the charills Igoverning do¢vmÈntl, the
Charities Act 2011, FRS 102 'Th& Finan¢ial Reporting Standard applicable in the UK and Republi¢ of Ireland.
I'FRS 102.1 and the Charilies SORP "A¢Gounting and Reporting by Charities.. Statement of Recoimmended
Praclice applicable lo charities preparing their a¢¢oLtnts in accordance with the Financial Reporting StandArd
applicable in the UK and Republi¢ ol Ireland IFRS 102}. (effective 1 January 20191. Th? Gharily is a Public
Benefit Enlily as defined by FRS 102.
The flnancial slalemenls have deparled liom the Charities (Accounts and Reports) Regulations 2008 only lo
the tsxlenl iÈouired Its provide a true and fair view. This departure has Involved fvllowing Ihe Statement of
Recomrngnded PraGlice for Charilies applying FRS 102 rather Ih¥n Ihe version of the Slalemenl of
Recommended Praclice which is referred lo in the Regulalions bul whl¢h has slnce beèn wilhdrBWII.
The financial statements are prepared in sloiliri9, which is Ihe functional currency of the charily. Monetary
amounls in these financial statements are iounded lo thè nearest £.
The financial statements have been prepared undeT the historical cosl convention. The principal aGcoLFnling
policies adopted are sel out below.
1.2 Golng concèrn
Al Ihe lime of approving the financial slalemenls, the l¥uslee5 have a reasonable expe¢lali(>n that Ihe ¢h8rity
has adequate resources lo continue in operalionol existence lor the foreseeable fuluie. Thus the Iruslees
continue to adopt the going concern basis of accounllng in preparing the financial slalemenls.
1.3 Charltable funds
Unrestricled funds are available for use al the discretion of the Iruslee8 In furlheran¢e ol their chaiilable
objectives.
Reslricled lunds ale sublecl lo specific condillons by donors or 9ranlors as to how Ihey may be used. The
purposes and uses of the ieslricled funds are sel out in the notes lo the financlal stalemenls.
Endowment funds are subject to specific conditions by dorEors Ihal the capSlal must be malnlained by the
charity.
1.4 Incomg
Income Is rewgnised when the ¢harily Is legally enllll6d lo It atler any performance ¢ondillon$ have been met,
the amounts Can be measured reliably, and it is probable Ihal income will be received.
Cash donations are reci>gnised on Teceipl. Other donallons are recognised once the charity has bèèn notified
ol the donation, unless perform8nce conditions reqijire deferr21 of the amount. Income lax recoverable in
relation lo donations received under Gifl Ald or de8ds of covenant is recognised al the limg ol IhE donalion.
Legacies are recognised on receipt Dr olhenvise il the Charity has been nolif18d of an impending dislribulion.
the amount is known, and re¢elpl Ss expecl6d. 11 the amount is not known, the legacy is treated as a
conlingenl asset.
10-

BEDERECH KOVOD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2023
Accounting policles
(Continuedl
1.5 Expenditure
ExpendiltlTe is recognised once there is a legal or conslruclive obligation lo Iransler econom5¢ benefit lo a
thlrd party, il Is probable thal 8 transfer ol economic benefits will bè iÉquirèd In settlement, and lh8 amount ol
thè obligalion can be measured reliably.
Expendllurè is claysified by activity- The costs ol each activity ale madè up of tha lolal of direct cosls and
sh2r8d cosls, Including SUPPOrt costs Involved in underteking each activity. DSre¢t Costs allribulabla to 8 gingla
activity are allocated directly lo that aclivily. Shared Costs which contribut& to more than one a¢livlly and
support costs whi¢h are not allribulable to a single aBlivily are apportionèd bètween Ihosg activities on a basis
consistent wllh Ihe u58 of resources. Central staff costs are allocated on tho basis ol lime spent, 8nd
depreciation charges are allocated on the portion r>f the asset's use.
1.6 Cash and cash equlvalents
Cash and cash equivalents include cash in hand. deposits held al call wilh banks. other short.lerm liquid
investments with origlnal malurilies of three monlhs or les$, and bank overdrafts. Bank overdrafts are shown
wilhin borrowings in current liabilllies.
Baslc flnanclal assets
Basic financial assèts, whlch Include debtors and cash and bank balanc8s, are Inllially meastjred al
transaction price Including transaction cosls and are subsaquenlly carried al amortisod c051 using the effècliv8
interest method Linless the arrangement conslilules a financing Iransaclion, whèrè the transaction is
measured al th& pi&senl value of the future recoipls discounted al a market rate ol interest. Financial assèts
classlfied as receivable within one year ar8 not 8n)ortlsed.
Basic finanGlal 118blllÉl8s
Basi¢ financlal liabilitie5. including creditors and bank loans are initially recognised al transaction price ull19SS
tha arrangèmènt conslilules a financing Iransaclion, where the debt instrument is measured al the presgnl
valu& of the futuro paytnenls discounted al a market rate of interest. Financial liabilities classified as payable
within one yeai are not amortised,
Debt Inslrltmonls are subsequently cariied Èl amorlised cost, Lssing the effe¢live interest rale method.
Trade ¢redilors are obligations lo pay lor goods or services Ihal have been a¢quifed in the ordinary course of
opeialions from suppliers. Amounts payable ale Classified as current liabilities If payment is du¢ wilhln one
year or less. 11 not, they are presented as non-current liabilities. Trade creditors are recognised initially al
transaction price and Subsequently measured at amortlsed c051 using Ihe effective irileresl method.
Derecognition of flnan¢lal liabllities
Financial liab51ilie$ are deTeco9nised when the charlly's conlraclual obligalions expire or are discharged or
cancelled.
1.7 Employee beneflts
The Cosl of any unused holiday enlillement is re¢ogni8ed in the peri￿ in which the employee's setvices are
received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed
lo terminate the 8mpk>ym&nt of an employee or lo provide lerminalion benefits.

BEDERECH KOVOD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2023
Critical accountSng estlmales and }udgem¢nts
In the application ol Ihe charity's accounting policies, the Iruslees are req￿Ired lo make judg@menls, eslimales
and assumptions about the carrying amount ol assets and liabilities that are not readily apparent from other
sources. The osliTllales and associalÉd assumptions are based on historical experience and other factors that
are cons%der¢d Its bg relevant. Actual results may differ from Ihèso eslimales.
The eslimales and undeilying assumptions are reviewed on an ongtsing basis. Revisions lo accounting
esliniales are recognised in the period in which the estimate is revised wliere the revibion affects only Ihal
period, or in the period of the revision and fijlure periods where the ievision affects bolh current and lulure
periods.
Donations and legac5es
Unrestricted Unreslricled
funds
funds
2023
2022
Dunalions and gifts
Grants receivable
4,268.507
10,000
3,483,624
4.278,507
3,483,624
Charltabl& •¢llvlties
Charltable
Charllablg
¢xpgndlture expgndlture
2023
2022
Grants and dislribuliDns (seé notè 51
4,234,159
3.424.934
Share of support Costs (sèe note 61
Share of governance costs (s@8 nol& 61
64.701
1,200
35,630
1.200
4.300.060
3,461,764
Grants payable
Charltabl&
exp¢nditur&
2023
Charitable
èxpenditure
2022
Grants lo individuals
4.234.159
3,424,934
4,234,159
3.424.934
12-

BEDERECH KOVOD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2023
Grants payablè
{Contlnuedl
Support costs
Support Governance
costs
costs
2023
Support Governaneè
costs
costs
2022
Staff and
adminislralion ¢osls
Prèmisès
General office
expenses
Bank charges
56,028
6,030
56.028
6.030
31,839
1,400
31,839
1,400
2,636
2.636
2,129
262
2,129
262
Audit lèes
1,200
1.200
1,200
1,20CI
64.701
1,200
65.901
35.630
1.200
36,83
Analysed between
Ch8rllable activities
84,701
1,200
65,901
35,630
1.200
36,830
Gov8rnan¢e cosls include5 psyments to the auditors ol £1,200 {2022- £1,200) for audit fees.
Net movement in funds
2023
2022
Th& nel movement in funds is slated after chargingllcredilingl..
Fees payable for th8 audit of the charity's financial slalèmenls
1.200
1.200
Trustees
None ol the Iruslees lor any p8rsons connected with them) recelved any remuneration or benefits from the
charity during the year.
Employees
Thè averag& monthly numbeT of employees during the yaar was..
2023
NumbeT
2022
Numbgr
13-

BEDERECH KOVOD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2023
Employees
{Continu*d}
Employment costs
2Q23
2022
Wages and salaries
56,028
31,839
Thare were no employees whose aF)nual rÈmuneTalion was more than £60.000.
Remunerallon of key management pÈrsonnel
The remunoralion of key management pérsonnel was as follows..
10 Taxallon
The charity ig exempl from laxalion on ils activities because all its income Is 8pplied lor ¢haritsble puiposes.
11 Credltors: amounts falllng due wlfhln one year
2023
2022
Voucher funds
Accwals and delfjrred Income
27.169
1,200
97,642
1.200
28,369
98,842
12 Unrestrlcted funds
The unreslricled lunds of the charity comprise th& unexpended balancgs ol donations and granls which afe
not subject lo specific conditions by donors and grantors as lo how they may be used. These include
designated funds which have been set aside out ol unreslricled funds by the Iruslees for spetific purpr)ses.
At1
Decembèr
2022
Incomlng
resour¢e8
Re$ource5
expended
At30
November
2023
General funds
27.237
4.278.507
14,300.060}
5,684
Prevlous year:
At1
December
2021
In¢omlng
rosourc¢8
Resources
&xpended
At30
November
2022
Goneral funds
5,377
3,483,624
13,461,764)
27.237
13 Related party transacllons
There were no dis¢losable related party Iransaclions duri1￿ the year {2022 none).
14-

BEDERECH KOVOD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2023
14 Cash generatod Irom operatlons
2023
2022
IOeficil}Isurpus for the year
121,5531
21.860
Movèm8nls in working ¢8Pital'.
ID8creaseyincrease in creditors
170,473}
52,555
Cash (absorbed byllgeneratèd from operalSons
192,0261
74,415
15 Analysis of Changes in net funds
The charity had no vnalerial debt during IhÈ year.
15-