Charlty rngl•trallon nwnb•r 1181634 (England and W•le•) BEDERECH KOVOD ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024
BEDERECH KOVOD LEGAL AND ADMINISTRATIVE INFORMATION Mr M Scher Mr N Gruner Mr S Gro86bergor Mr E Leech Ch•rlty numb•r 1151634 Prfnclpal addro•• 16 Welbeck Grové Salford M7 4DH Audltor Glazers 843 Finchlgy Road London NW118NA
BEDERECH KOVOD CONTENTS Page Trustee5' report Slalement of trustees, responsibilities Independent audiloes report Statement of financial aclivilie5 Balance sheet Slalement of cash flows Notes to the financial statements 10-15
BEDERECH KOVOD TRUSTEES, REPORT FOR THE YEAR ENDED 30 NOVEMBER 2024 The trustees present thelr annual report and financlal 81atements for the year ended 30 November 2024. The financial stalernen15 have been prepared in accordance with the accounting policles sel out in note 1 to the financi31 slatemen15 and comply with Ihe charity's goveming document. the Charities Act 2011 and "Accounling and Reporting by Charitle5'. Statement of Recommended Practice applicable lo charities preparing their accounls in accordance with thp Flnancial Reporting Standard applicable in the UK and Republlc of Ireland {FRS 102)" (effective 1 January 20191. Objectlves and 8¢tlvltles The tharity makes grants to POOT familie¥ and individuals for basic need5 such as food and medical requirements and also mak85 grants for the enhancement of the practice of the Jewish RelIgon. The trustees have paid due regard lo guidance issued by the Charity Commission in deciding what aGlivities Ihe charity should undertake. Achlevomonts and pèrfomance The charity's Sncoming resources in the year amounted to £4,607,962 {2023 £4,278,507). Durlng the year the Gharlty made grants and dlslrlbutions totalling £4,598,69012023 £4,234,159). Flnanclal revlgw A8 al 30 November 2023 the charity had unrestrlcted r85erves of £14,95612023 £5,684). It Is Ihe policy of the charfty th81 unr851ricted funds which have nol been designaled for a speclfic use should be maintalned al minimum of £5.000. The Iruslees conslder that rèserves at this18vel w511 ensure that. while ensurfng that funds are utlllsed for charitable purposes, in the event of a signlficanl drop in fundlng they wlll be able to Continue the charity's Current activities while ¢on8ideration is glven to ways in whlch additional fvnds may be raised. Th1$ level of res8rv85 has been maintained throughout the year. Structure* goyemance and managoment The charity 15 governed by a trust deed adopted on 3 April 2013 as amended on 18 September 2019, The trustees who served durlng the year and up to Ihe date of slgnalure of the finand81 slatemants were.. Mr M Scher Mi N Gruner Mr S Gr055berger Mr E Leach Recruitment and appolnlmenl of new trustees is in accordance with the tTUSt deed and wllh the objectives of the charity, and suitable candidate5 would be sensllive to the needs and demands of the charity. The Iru8tees' report was approved by the Board of Trustees. M Scher Tru$toe Oate: . 2610812025
BEDERECH KOVOD STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE YEAR ENDED 30 NOVEMBER 2024 The trustees are responsible for preparing the Trustee5' Report and the financial $18lemenls in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charilles In England and Wales Tequires the trustees to prepar8 financial statements for each rinancial year which giv8 a true and fair vlew of the state of affalrs of the charlty and of the Incoming resources and application of restsurces of the charlty for that year. In preparlng these financlal slalements. the trust88s arè required to.. select 5uilable accounting pollcles and then appty them consistently., observe the methods and principles In the Chaiities SORP.. make judgements and estimates that are reasonable and pnJdenl- state whether applicable accounting standards have been followed, subject to any material departures dlsdosed and explained in the financial statements., 8nd prepare the financial statements OT) the going concern basis unless it Is inappropriate lo presume that the charity will continue In operation. The trustees are r8SPDnsible for keeping sufficient accounting records that disclose with r8850nable accuracy at any time the financial pos11ion of the charity and enable them to ensure that the financial statements Mpty with the Charfties Act 2011, the Charity {Accounts and Report$l Regulations 2008 and the provlslons of the Irusl deed. 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 Irregularhles.
BEDERECH KOVOD INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF BEDERECH KOVOD Oplnlon We have audlled the financial slatemenls of Bedere¢h Kovod (the 'charity'l for the yeaT ended 30 November 2024 which comprise the slalemenl of financial aclivltles. the balance sheet, the stslement of cash flows and note5 to the financial 3tstemenl$, including significant accounting policies. The financial reporting framework that has been applied in their prepgration is applicable law and United Kingdom Accounting Standard5, including Financial Reporting Standard 102 The Fin8nC181 Reporting Standard applicable in the UK and R8public of Ireland (United Kingdom Generally Accepted Accounting Practice)- In our opinion. the financial statements.. give a true and fair view of the slate of the charlty'5 affairs as at 30 November 2024 and of its incoming resources and application of resources. for the year then ended.. have been proper PrePad in accordance with Unlted Kingdom Gen8r8lly Accepted Accountlng Practlce- and have been prepared in a¢cordance wilh the Charities A¢t 2011. Basi8 for oplnlon We conducted our avdlt In accordance with Intematlonal Standards on Auditlng (UK) IISAS IUKII and applicable law. Our responsibilities under those standards are fvrther described in Ihe Auditorts responsibilities for the 8udit of the financial stat8menls 5ecllon of our report. Vve are independent of Ihe ¢harlty in accordance wllh the ethical requirements that are Televant lo our audit of th8 financial statements in lh& UK, Including the FRC'S Ethical Standard. and we havo fuilled our other eth11 responsibilities In accordance with these requirements. We belleve Ihat the audit evidence we have obtsined 15 sufficient and appropriate to provide a basis for our oplnion, Concluslons r•latlng to golng concern In auditing the financial $talemenl8, we have conduded that the trustees, use of the golng conc8rn basls of accounllng In the preparation of the flnanclal statement$18 approprlate. Based on the work we have performed, we have not Identified any materfal uncertainties latIng to event$ or condillons that, individsjally or collectively, may cast significant doubt on the charity's ability to continue as a going concem for a perlod of at lea81 e1ve month8 from when the financlal statements ar8 aulhorlsed for issue. Our responsibilities and th8 r8sponsibililies of the trustees with respect to going concem are described In the relevant seclions of this r8POrt. other Informatlon The other information comprises the InfOallOn included in the annual report other than the financial statements and our auditorf5 report Ihereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other inform8tlDll and we do not express any forni of assurance conclusion Ihereon. Our responsibility is to raad the other Inforrnallon and, in doing so, conslder whether the other informalior$ 13 malorialty inconsistent with the financial statements or our knowledge obtained in the course of the audll, or otherwise appears to be materially misslaled. If we identify such materlal inconslstencies or apparent material misststemenls, we are required to detemiine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other infomation, we are requlred to report that fact. We have nothing to report in this regard. Matters on whlch we are requlred to report by exceptlon We have nothlng lo report In respect of the followlng matters In relallon to whlch the Charltles (Accounts and Report5) Regulations 2008 requires us to report to you if. in our opinion.. the informatiori given in the financial statements is inconsistent In any material respect with Ihe trustees. report- or Sufficient accounting records have not been kept., or the financial statements are not in agreement with the a¢¢ountlng Tecords; or we have not received all the informatlon and 8xplanollon$ we require for our 8udlt.
BEDERECH KOVOD INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF BEDERECH KOVOD Responslbllltles of trust•o$ As explained more fulty in the statement of trustees. responsibilities, the trustees are responsible for the Preparation of the financlal statements and for being Satisfied that they give a true and falr view. and for such internal control as the Iru5tees detemilne is necessary to enable the preparation of financial statements that are free from material misstatement, whether due lo fraud or error. In preparing the financial 5talements. the trustees are responsible for assessing the chanty's ability to continue as a going concem, disclosing, as applicable. mattets related to going concern and using the going concern basis of accounting unless the trustee5 elther intend to cease operations. or have no realistic altemative bul to do 50. Audltotrs responslbllltles for the audlt of tho flnanclal gtatements We have been appointed as auditor under section 144 of the Charitie5 Acl 2011 and report in accordance with the Act and relevant regulatlons made or having effect thereunder. Our objectlves are to obtain reasonable assurance about whether the financial statements as a whole are free trom material mlsstatement. whether due to fraud or efror, and to Issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that all audit conducted in accordance with ISAS {UKI will always det8cI a m8terial misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, indlvidualty or in the aggre9ate. they could reasonably be expected to influence the economic decisions of users taken on the basls of these financial statements. The extent to whlch our procodure3 are capable of detgcting irregularltles, Including fraud, Is delailed below.
BEDERECH KOVOD INDEPENDENT AUDITOR'S REPORT {CONTINUED) TO THE TRUSTEES OF BEDERECH KOVOD In Idenllfylng and assessing risks of materlal misstatement In respect of irregularilles, Including fraud and non- compliance wilh laws and regulations, we considered the following- 1) Enquiries of management concernin9 Ihe charity's policies and procedures relating lo.. identifying, evaluating and complying with laws and regulations and whether they were aware of any in5tance$ of non-compllance detecting and responding to the rlsks of fraud and whether they have knowledge of any actual, susp8Cted or alleged fraud-, and the intemal controls established lo mitigate risks relaled to fraud or non-compliance wllh laws and regulations- 2) Di5CU53ions among the engagement leam regarding how and when fraud might oexur in the financial statements and any polenlial indicators of fraud. In common with all audits under ISAS (UK), we are also required lo perfonn speclfi¢ procedures lo re$pond to the rlsk of managemènt overridè. We also obtslned an understsnding of Ihe legal and regulalory framework Ih81 the charlly op8ral&s In, focu$lng on provisions of Ihose laws and regulatlon$ that had a dlre¢t effect on the delermlnallon of material amounts and disclosures in the financial statements. The key laws and regulations we consldered in this context included the Charities Act along with the Charities SORP. In addition. we ¢onsSdered provisions of other laws and regulatlons that do not have 8 direct effect on th8 financlal statemenls but compliance wlth whlch may bè fvndamenlal to the charity'8 abillty lo operate or avold a material penalty. As a resutt of performing the above, we dld not identify any key audlt matters related lo the polenlial rl8k of fraud or nonvcompliance with laws and regulatlons. In addition to the above, our pro¢edures to respond to risks identffied Induded the following.. Reviewing the financi81 statement dlsclosures and testlng to supportlng documentallon to assess compliance wlth provisions of relevant laws and regulatlons described as havlng a direct effect on the flnancSal statements., Enquirlng of management concernlng actual and polentlal Iltigatlon and claims,, Performlng an81ytical procedures to Identlfy any unusu81 or unexpected relationships that may Indicate rlsks of material misslatefflenl due lo fraud., Reading minutes of meetings of those charged with govemance and reviewing CL)rrespondence wilh relevant tax authorities,. and In addre55ing the risk of fraud through management override of controls, testing the appropriateness of journal enlrle$ and other adluslmen15,' assesslng whether the judgements made In maklng accounting esilmate5 are ii)dicalwe of a polenllal bias., and evaludtlng the business rallonale of any slgnific8nt Iransa¢lion5 that are unusual or outside the normal course of business. We also communicated relevant identified laws and regulation5 and potential fraud risks to all engagement team members. and remain&d alert to any indications of fraud or non-compliance with laws and regulations Ihroughout the audlt. We nole that our audit is not prlmarily designed lo detect non<ompllance wllh laws and regulatlons and Ihe Trustees 8nd other management are responsible for such intemal control a5 the Tnjslees and other managemenl of Ihe charity determine is necessary lo enable tho pr¶tion of financial statements thal are free from material mlsstatemenl. whether due lo errors or fraud, including compliance with laws and re9ulations. Additionally, owing lo the inherent IlmS18tion5 of an audit. ther8 is an unavold8bl6 rlsk that we may not have detected some materlal misstatements in the financial stslemenls. even though we have properfy planned and performed our audit In accordance with auditing standard5. We are nol r8sponslble for preventing nonwcompliancg and cannot be exp8Ctod lo detect non-¢omplianc8 Wlth all laws and regulations.
BEDERECH KOVOD INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF BEDERECH KOVOD A further description of our SPOnsIbl1111eS is available on the Flnanclal Reporting Council's webslte at.. https'.11 bwHw.frc.org.uklauditorsresponsibililies. Thi5 description forms part of our auditorf5 report. other matters Comparative information in the financial statements is derived from the charity's Prior period financial statements which were not audite(l. Your attention is drawn to the fa Ihat the charity ha5 prepared financial statements in ac¢ordan¢e with "Accounting and Reporting by Charilie5'. Ststement of Recommended Practice appll¢able lo charitles preparlng Ihelr aOUnts In accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102}" {as amended) in preference to the Ac¢ounlng and Reporting by Charilie$- Statement of Recommended Pra¢tl¢e issued on 1 Aprfl 2005 which Is referred to in the exlant regulatlons bul has now boen wlthdr8wn. This ha3 been done in order for the financial statemenls to provlde a true and fair vlew In accordance with Current Generalty Accepted A¢counling Practice. Use of our Trport Th18 report is made solety lo Ihe charlty's trust88s, as a body. In a¢cordance with Part 4 of the Charities (Accounts and Reports} Regulatlons 2008. Our audit work has been undertaken $0 that we mlght stale to the charlty's trustees those m8llers we are required to stste to them in an auditor's report and for no other purpose. To the fullest extent permitted by law. we do not accept or assume responsibility to anyone other than the ¢harity and the charity's Iru5tees as a body, for our audft work. for this report, or for the oplnions we have formed. Phlllpp• Hernzaft ACA (Senior Ststutory Audltorl For and on behalf of Glazers. Statutory Auditor Chartered Accountants 843 Finchley Road London NW118NA Date.. Glazers is eligible for appointment •$ audltor of the charity by virtue of its eligibllity for appoinlment as auditor of company undef section 1212 of the Companie$ Acl 2008.
BEDERECH KOVOD STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 NOVEMBER 2024 Total fund8 2024 Total funds 2023 Notes Incorne frorn: Donations and legacies 4,6Q7,962 4,278,507 Total Incoma 4.607.962 4,278,507 Expendlture on: Charilabte actlvlties 4,598,690 4.300.060 Totsl oxpondlture 4,598,690 4,300.060 Not Incom•llexpendlturel and mov•mont In funds 9,272 {21,553} Rocon¢lllallon of fund•: Fund balances at 1 December 2023 5,684 27,237 Fund bal•nce3 at 30 Nov•mber 2024 14,956 5,684 The slatement of financial acllvllles Includes all gain5 and losses recognised in the year. All Incom8 and expendlture derfve from contlnuing activities.
BEDERECH KOVOD BALANCE SHEET ASAT30 NOVEMBER 2024 2024 2023 Nottss Current assets Cash at bank and in hand 52,936 34,053 Creditors: amounts falllng due wlthln one year 11 137.980) 128,369) Net current assets 14,956 5,684 The funds of the charlty Unrestrided funds 12 14,956 5,684 14.956 5,684 2610812025 The financial statements We approved by the trustees on . rm Scher Tru¥ts•
BEDERECH KOVOD STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 NOVEMBER 2024 2024 2023 Note$ Cash flows from operatlng actlvltlei Cash generated fromllabsorbed by) operations 14 18.883 (92.026) Net c•¥h goner•tsd from Inve•tlng •ctlvltle8 Net cg¥Jh generated from flnanclng actlvitle¥ Nèt Increaselld¢crea8el In ca¥h and ca¥h èqulvabnts 18,883 (92.026) Cash and cash equlvalents at beginning of year 34,053 126.079 Ca¥h and rAsh wulv•lent• at end ofyear 52,936 34,053
BEDERECH KOVOD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024 A¢countlng pollcles Charlty Infomiatlon Bederech Kovod is a charitable trust govemed by a trust deed. The principal offlce Is at 18 Welbeck Grove, Salford, M7 4DH. 1.1 Basls of preparation The financial statemen15 have been prepared in accordance with the charity's goveming document. Ihe Charibes Act 2011, FRS 102 "The Financi81 Reporting Standard applicable in the UK 8nd Republic of Ireland" and the Charities SORP Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo ch8ri1ies PTeparing their accounts in accordanc& with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" The charity is a Public Benefit Entity as defined by FRS 102. The finanGial Statements have departed from the Charitles (Accounts and Reports) Regulalion5 2008 onty lo the extent required lo provide a true and fair view. Thi5 departure has involved following the Statement of Recommended Praclice for charities applylng FRS 102 rathèr than the version of the Statement of Recommended Pracll¢e whl¢h 1$ refeed to In Ihe Regulallons but whlch has since been withdravm. The financial statement8 are prepared In sterllng, whlch is the fvn¢tlonal currency of the charity. Monelary 8mounts in these flnan¢i81 $18tements are rounded to the nearest £. The financlal statement8 have been prepared under the hlslorlcal cost conv8nllon. The principal accounllng policles adopted are set out below. 1.2 Golng concern At the lim8 of approving the financial statements. the trustees have a reasonable expectation that the charity has adequate resources lo continue in operatlon81 existence for Ihe foreseeable future. Thus the twstees conllnue to adopt the g¢ing conrRrn basis of a¢¢ountlng in preparing the flnancial statements. 1.3 Charltable fund• Unrestricted funds are available for use al the discretion of the trustee5 In furtherance of thelr charitable objectives. Restricted fund5 a subjed lo specific conditions by dono[5 or grantor5 as lo how they may be used. The purposes and us8s of the reslricled funds are set out in the notes lo the financial slalemenls. Endowment fvnd5 are Subject to specific conditions by donors that the capital must be maintained by the charty. 1.4 In¢ome Income is rècognised when Ihe charity Is legalty entitled to it after any performance condltlons have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donatlons are recognised on receipt. other donatlons are recDgnlsed once the charlty has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation lo donations received under Gift Aid or deeds of covenant is rgcognised al the time of the donation. Legacies are CogniSed on re¢elpl or otherwlse If the charity has been notified of an Impendlng distribution, the amount 15 known, and receipt is expected. If the 8mount is not known, the lega¢y is Iregted as a Contingent asset. 10-
BEDERECH KOVOD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2024 Ac¢ountlng pollcles {Contlnued 1.5 Expendlturè Expenditure is recognised once there is a legal or constructive obllgation to transfer economic benefft to a third party, it Is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliabty. Expenditure is classified by activity. The costs of each aclivity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single actIvY are allocated directly lo that activity. Shared costs which contribute lo more than one activity and support cost5 which are not attributable to a single 8thlty are apportioned beeen those activities on a basis consislenl with the use of resources. Central slaff costs are allocated on the basis of time spent. and depreciation charges are allocated on the portion of the asset's use. 1.6 Cash and cash equlvalents Cash and cash equivalents include cash in hand. deposit5 held at C811 wllh banks, other short-teTm liquid investrnents with original maturities of three months or less. and bank overdrafts. Bank overdrafls are Shown within borrowings In current li8bililles. Basic finan¢lg1 assets Basic financial assets, whl¢h include debtors and cash and bank balances, are inillally measured at transaction price includlng Iransacllon costs and are subsequentty carrled a18mortl8ed Cost using Ihe effocllve interest method unle85 Ihe arrangement constitutes a finandng Iransoctlon. where the transa¢tlon 18 measured al the pr85enl value of the future ceIPtS discounted at a market rale of interesl. FinanGial 8$set8 classified as receivabl8 Wlthln one year are not amortised. 8a$lc flnancial liabllltles Ba81¢ financial liabllilies, Including credllors and bank loans are initially recognisèd al transactlon prl¢e unless the arrangement constitutes 8 flnancing Iransa¢tion, where the debt instrument is measured al the pre$enl value of the future payments discounted at a market rate of Interest. Financlal liabilities ¢la8srfied as payable within one year are not amortised. Debt instruments are subsequenlly Garried at amortised cost, using the effective InteSt rate method. Trade creditors are obllgatlons lo pay for goods or seNices that have been acqulred In the ordinary course of operations Irom suppliers. Amounts payable are classified as current Ilabilitles if paymenl is due within une year or le55. If not, they are presented as non-current liabilitie5. Trade creditor5 are recognised initialty al transaction prfce and 8ubsequenlty measured at amortised cost Using the effgclive Interest method. Derecognltion of Ilnancial Ilabillties Financial liabilitie¥ are derecognised when the charKy's contractU81 obligations expire or are discharged or cancelled. 1.7 Employee b•neflt• The cost of any unused holiday enliltement is CogniSed in the period in which the employee's 5ervlces are received. Termination benefits are recogni5ed immediatety as an expense when the charity Is demon5trabty committed to teminale the employment of an employee or to provide tem)inalion benefit6.
BEDERECH KOVOD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2024 Crltlcal Ieeountlng •stlm•t¢• and Judgements In the appllcalion of the charlty's accounting pollcles, the tTUStees are required to makg judgements. estlmatss and assumption5 about the caTrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumplions are based on historical experience and other factors that are considered ID be relevant. Actual results may d5ffer from these estlmates. The eslimales and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are cogniSed in the period in which the eslimate is revised where the revision affects onty that perlod, or In the period af the revlsion and fvture perfods where the revision affècts both current and future period5. Donatlons and lega¢le8 Unrestrlcted Unrestricted funds funds 2024 2023 Donallons and gifts Grants recelvable 4,807.962 4.268.507 10.000 4,607,962 4.278,507 Charltable actlvltlgs Charltable Charltable exptrndlture expenditur• 2024 2023 Grants and distributions Isee note 5) 4,518,463 4,234,159 Share of support costs (see note 6) Share of governance costs (see note 6) 78.427 1,800 64,701 1.200 4,598,690 4,300.060 Grants payablè Charltablg oxpendlture 2024 Charitable expenditure 2023 Grants to individuals 4,518,463 4,234,159 4,518,463 4,234,159 12
BEDERECH KOVOD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2024 Grants payablo Iconllnuedl Support costs Support Governance CO8t8 costs 2024 Support Governance co8t• colts 2023 Adminislration costs Premises General office expenses Bank charges 83,465 7,060 63,465 7,060 56.028 6,030 56,028 6.030 4,309 3,593 4,309 3,593 2,636 2.63e Audlt fees 1,800 1,200 1,200 78,427 1.800 80.227 84,701 1,200 65,901 Anatysed b8een Charltsble activilles 78,427 1.800 80.227 64,701 1,200 65,901 GovemanrR costs includes payments to the audltors of £1.50012023 £1,200) for audit fees. Net movement In fund• 2024 2023 The net movement in fijnds Is slated after charglngl(creditlng}: Fees payable for the audit of the charity's financlal ststements 1,800 1.2 Trustees None of the trustees lor any persons connected with them) received any remuneratlon or benefrts from the charity during the year. Employo•S The average monthty number of employees dudng the year wa8: 2024 Numbor 2023 Number Total There were no employee8 whose annual remuneratlon wa8 more than £60,000. 13-
BEDERECH KOVOD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2024 10 Taxatlon The charity is exempl from taxation on its activlties because all Its Income is applled for charltable purposes. 11 Credltorn: amounts filllng due wlthln ong year 2024 2023 Voucher funds Accruals and deferred Income 36,480 1,500 27,169 1,200 37,980 28,369 12 Unrestrf¢ted funds The unrestricted funds of the charlty comprise the unexpended balances of donation5 and grants whlch are not subject to spe¢ifl¢ condllions by donors and grantors as lo how they may be used. These include designa18d fund5 which have be8n 8&1 aside out of unrestricted funds by the Iruslee8 for specific purposes. At1 Decembor 2023 In¢omlng our¢e8 Re8ourco8 oxpended At30 Novembor 2024 General fvnds 5,684 4,607,962 {4,598,890) 14.956 Prevlou8 year: At1 December 2022 Incomlng ro$ource• Resourc expondod At30 November 2023 General funds 27.237 4,278,507 14,300,060) 5,684 13 Related party transactions There were no disclos8ble related party transaclions during the year12023 - nDnel. 14 Cash generatèd fromllabsorbed by) operatlo 2024 2023 Surpluslldeficitl for the year 9,272 (21,553) Movements In worklng capltal: In¢reasel(de¢rea$el In ¢reditors 9,611 170,473) Cash gonoratod Iromllab$orbed by) operatlons 18,883 192.026) 14
BEDERECH KOVOD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2024 15 Anaty•l• of Chang In not fund• Tha charfty had no materfal debt durlng the year. 15-