COMPANY COMPANY REGISTRATION REGISTRATION NUMBER NUMBER 8447087 8447087
CHABAD CHABAD LUBAVITCH LUBAVITCH OF OF BOURNEMOUTH BOURNEMOUTH
COMPANY COMPANY LIMITED LIMITED BY BY GUARANTEE GUARANTEE
FINANCIAL FINANCIAL STATEMENTS STATEMENTS
31 31 MARCH MARCH 2024 2024
CHARITY CHARITY NUMBER NUMBER 1151681 1151681
CHABAD CHABAD LUBAVITCH LUBAVITCH OF OF BOURNEMOUTH BOURNEMOUTH COMPANY COMPANY LIMITED LIMITED BY BY GUARANTEE GUARANTEE
FINANCIAL FINANCIAL STATEMENTS STATEMENTS
| YEAR ENDED 31 MARCH 2024 YEAR ENDED 31 MARCH 2024 |
|
|---|---|
| CONTENTS CONTENTS |
PAGE PAGE |
| Trustees annual report Trustees annual report |
1-3 1-3 |
| Independent examiner's report to the members Independent examiner's report to the members |
4-5 4-5 |
| Statementoffinancial activities (incorporating the Statement of financial activities (incorporating the |
6 6 |
| income and expenditure account) income and expenditure account) |
|
| Balance sheet Balance sheet |
7 7 |
| Notes to the financial statements Notes to the financial statements |
8-10 8-10 |
CHABAD CHABAD LUBAVITCH[LUBAVITCH][OF] OF[BOURNEMOUTH] BOURNEMOUTH COMPANY COMPANY LIMITED LIMITED BY BY GUARANTEE GUARANTEE
TRUSTEES TRUSTEES ANNUAL ANNUAL REPORT REPORT YEAR YEAR ENDED ENDED 31st 315t MARCH MARCH 2024 2024
The The Trustees Trustees who who are are[also] also Directors Directors[for] for the the purposes purposes of of Company Company Law, Law, present present[their] their report report and and the the
financial financial statements statements of of the the company company for for the the year year ended ended 31% 31st March March 2024. 2024.
Reference Reference[and] and administrative administrative[details:] details: Registerted Registerted charity charity name: name: Chabad Chabad Lubavitch Lubavitch of of Bournemouth Bournemouth Charity Charity registration[registration] number: number: 1151681 1151681 Company Company[registration] registration number: number: 8447087 8447087 Principal Principal office: office: Chabad Chabad House House 20, 20, Lansdowne Lansdowne Road Road Bournemouth Bournemouth BHI BH1[ISD] 1SD Registered Registered office: office: 201 201 Haverstock Haverstock Hill Hill London London NW3 NW3 4QG 4QG The The Trustees: Trustees: Dayan Dayan Y. Y. Raskin Raskin Rabbi Rabbi G. G. Itzinger Itzinger
Structure, Structure, governance governance and and management management
Chabad Chabad Lubavitch Lubavitch of of Bournemouth Bournemouth is is a a company company limited limited by by guarantee guarantee registered registered as as a a Company Company in in
England England and and Wales Wales on on ISt 1*[April] April 2013 2013 and and as as a a Charity Charity in in England England and and Wales Wales on on 15th 15" March March 2013. 2013.
The The company company was was established established under under a a Memorandum Memorandum of of Association Association which which established established the the objects objects and and powers powers[of the] of the charitable charitable company company[and] and[is] is governed[governed] under[under][ the] the[Articles] Articles of[of] Association. Association. In[In][the] the event[event][of] of[ the] the
company company being[being][ wound] wound up up members[members] are are[required] required to[to][contribute] contribute an[an] amount[amount][not] not exceeding[exceeding][fl.] £1.
Chabad Chabad Lubavitch Lubavitch of of Bournemouth Bournemouth is is governed governed by by a a Board Board of of Directors Directors whose whose responsibilities[responsibilities] include include
setting setting the the[strategic] strategic direction direction and and goals goals of the of the Charity Charity and and providing providing effective[effective] governance. governance.
Objectives Objectives and and activities activities
The The[principal] principal activities activities of the of the company company in in the the year year under under review review were were to to advance advance Orthodox Orthodox Judaism Judaism as as expounded expounded[by] by[the] the[teaching] teaching[of] of Chabad[ Chabad][Lubavitch] Lubavitch[and] and[to] to[advance] advance[the] the understanding understanding of[of][Judaism] Judaism[amongst] amongst
people people of of other other faiths, faiths, primarily primarily amongst amongst students students on on the the South South Coast Coast of England. of England.
Achievements Achievements and and performance performance
The The Charity Charity continued continued and and enhanced enhanced its its core core activities. activities. Despite Despite more more difficult difficult trading trading times, times, our our 24 24 room room hotel hotel in in Bournemouth continued Bournemouth continued the the successful successful provision provision of of kosher food kosher food through through its its
delicatessen, delicatessen, restaurant restaurant and and take take away away service service and and delivered delivered meals meals to to the the vulnerable vulnerable members members[of the] of the
community. community.
The The educational educational activities activities via via a a successful successful zoom zoom programme programme and and[in] in person person sessions continue sessions continue to to[be] be successful, successful, with with all[all][religious] religious services services taking taking place place throughout throughout the the year. year.
1 1
CHABAD CHABAD LUBAVITCH LUBAVITCH OF OF BOURNEMOUTH BOURNEMOUTH COMPANY COMPANY LIMITED LIMITED BY BY GUARANTEE GUARANTEE
TRUSTEES TRUSTEES ANNUAL ANNUAL REPORT REPORT YEAR YEAR ENDED ENDED 31st 31* MARCH MARCH 2024 2024
Achievements Achievements and and performance performance - - continued continued The The Hebrew Hebrew school school and and adult adult education education program program continues continues to to grow grow from from strength strength to to strength strength with with around around[six] six weekly weekly classes classes and and[daily] daily text text sessions sessions covering covering a a wide wide variety variety of of subjects. subjects. The The young young Rabbi Rabbi and and his his wife wife continue continue[their] their excellent excellent work within the work within the local local community, community, the the Jewish Jewish Society Society at at Bournemouth Bournemouth[University,] University,[providing] providing weekly weekly kosher kosher Sabbath Sabbath take take away away meals meals for for the the students students and and visits visits to to the the[elderly.] elderly. The The teenagers teenagers group group where where the the participants participants enhance enhance their their knowledge knowledge of of Judaism Judaism continues continues to[to] interact interact[in] in person person and and via via zoom zoom with[with][other] other similar similar groups groups worldwide. worldwide.
Hospital Hospital and and care care home home visiting visiting and and community community welfare welfare services services continue continue to to feature feature among among our our core core activities activities and and our our excellent excellent relationship relationship[with] with[the] the Dorset Dorset Constabulary Constabulary ensures ensures our our premises premises and and
community community are are safe[safe] and and secure secure which which has has become become even even more more necessary necessary during during these these troubled troubled times. times.
Financial Financial Review Review
The The charity charity has has maintained maintained a a healthy healthy level level of of achievement achievement in in all all its its performance performance targets. targets. This This has has enabled enabled sustained sustained and and new new funding funding to to be be invested invested in in future future services. services. The The Trustees Trustees are are conscious conscious of of the the need need to to further further expand expand the the Charity's Charity’s fundraising fundraising in in order order to to secure secure the the activities activities of of the the charity. charity.
Policy Policy on on reserves reserves
Unrestricted Unrestricted reserves reserves - - It It is is the the policy policy of the of the Trustees Trustees to to seek seek to to maintain maintain funds funds which which are are the the reserves reserves of of the the Charity Charity at at a a level level sufficient sufficient to to cover cover management, management, administration administration and and support support costs, costs, subject subject to to constraints constraints[arising] arising from from[diminishing] diminishing financial[financial] and and other other resources resources[available.] available. Restricted Restricted reserves reserves are are funds funds subject subject to to[specific] specific grants grants and and are are spent spent at at the the discretion discretion of of the the Trustees Trustees in in furtherance furtherance of of some some particular particular aspect aspect of the of the objects objects of of the the Charity. Charity. Should Should a a surplus surplus arise arise on on a a restricted restricted fund fund the the charity charity will will look look at at how how to to apply apply this this in in accordance accordance with with the the donor's donor’s wishes. wishes. The The charity’s charity's Trustees Trustees and and managers managers are are active active in in seeking seeking grants grants for for it's it’s activities. activities. The The material material amount amount of of restricted restricted reserves reserves relates[relates] to to funding funding[received] received[for] for[the] the[freehold] freehold property property shown shown in[in] note note 12 12 of of the the[financial] financial statements. statements.
Policy Policy on on investments investments The The Charity's Charity’s investments investments are are held held with with the the Charity’s Charity's bankers bankers and and other other regulated regulated banking banking institutions. institutions.
Plans Plans for for the the future future The The company company will will continue continue to to advance advance Orthodox Orthodox Judaism Judaism as as expounded expounded by by the the teaching teaching of of Chabad Chabad Lubavitch Lubavitch and and to to advance advance the the understanding understanding of of Judaism Judaism amongst amongst people people of of other other faiths, faiths, primarily primarily amongst amongst[students] students on on the[the] South South Coast Coast[of] of England England and and law law enforcement enforcement agencies. agencies.
2 2
CHABAD CHABAD LUBAVITCH LUBAVITCH[OF] OF BOURNEMOUTH[BOURNEMOUTH] COMPANY COMPANY LIMITED LIMITED BY BY GUARANTEE GUARANTEE
TRUSTEES TRUSTEES ANNUAL ANNUAL REPORT REPORT
YEAR YEAR ENDED ENDED 31° 31st MARCH MARCH 2024 2024
Plans Plans for for the the future future - - continued continued
A A regular regular dialogue dialogue with with[officers] officers from from Dorset Dorset Police Police highlighting highlighting the the requirements requirements of of the the Jewish Jewish
community community[in] in understanding understanding[and] and[combatting] combatting[ antisemitism] antisemitism[has] has[continued,] continued, as as[have] have our our[links] links[with] with the the Community Community Security[Security][Trust,] Trust, Counter Counter Terrorism Terrorism and and[the] the[Police] Police[and] and Crime[Crime] Commissioner Commissioner in[in] order[order][to] to enhance enhance[the] the fight fight against[against] all[all] forms[forms] of[of][hate] hate crime. crime.
Independent Independent examiner examiner
AEL AEL Markhams Markhams[Ltd] Ltd has has been been re-appointed re-appointed independent independent examiners examiners for for the the ensuing ensuing year. year.
Small Small company company provisions provisions
This This report report has has been been prepared prepared in in accordance accordance with with the the provisions provisions applicable applicable to to Companies Companies entitled entitled to to the the small small companies' companies’ exemption. exemption.
Registered Registered office office 201 201 Haverstock Haverstock Hill Hill
London London NW3 NW3 4QG 4QG
Signed Signed on on behalf behalf of of the the Trustees Trustees
4 )s / j Isaac Isaac Raskin Raskin SJ) Date: Date: ye 23 3 ) bm LY.
3 3
REPORT REPORT OF OF THE THE INDEPENDENT INDEPENDENT EXAMINER EXAMINER TO TO THE THE MEMBERS MEMBERS OF OF CHABAD CHABAD LUBAVITCH LUBAVITCH OF OF BOURNEMOUTH BOURNEMOUTH
CHABAD CHABAD LUBAVITCH LUBAVITCH OF OF BOURNEMOUTH BOURNEMOUTH COMPANY COMPANY LIMITED LIMITED BY BY GUARANTEE GUARANTEE
YEAR YEAR ENDED ENDED[31] 31 MARCH MARCH 2024 2024 We We report report on on the the accounts accounts of of the the company company for for the the year year ended ended 31st 31st March March 2024, 2024, which which are are set set out out on on pages pages[7] 7 to to 10. 10. Respective Respective responsibilities responsibilities of of trustees trustees and and examiner examiner The trustees (who are also directors of the for the of law) are responsible for the The trustees (who are also directors of the company company for the purposes purposes of company company law) are responsible for the preparation preparation of[of] the the[accounts.] accounts.[The] The[trustees] trustees consider consider[that] that an an audit audit[is] is not not required required for for this[this] year year under under[section] section[144(2)] 144(2) of of the the Charities Charities Act Act[2011] 2011 (the[(the] 2011 2011[Act)] Act) and[and] that[that] an an independent independent examination examination[is] is needed. needed. Having Having satisfied satisfied ourselves ourselves that that the the charity charity is is not not subject subject to to audit audit under under company company law law and and is is eligible eligible for for independent independent examination, examination, it it is is our our responsibility responsibility to: to:
- examine examine the the accounts accounts under under section section 145 145 of of the the 2011 2011 Act; Act;
-
- to to follow follow the the procedures procedures laid laid down down in in the the general general Directions Directions given given by by the the Charity Charity Commission Commission under under section section 145(5)(b) 145(5)(b) of of the the 2011 2011 Act; Act; and and
- to to state state whether whether particular particular matters matters have have come come to to my my attention. attention. Basis Basis of of independent independent examiners examiners report report
Our Our examination examination was was carried carried out out in in accordance accordance with with[the] the general general Directions Directions[given] given by[by][the] the Charity Charity Commission. Commission. An[An] examination examination[includes] includes a a review review of the[of the] accounting accounting records records[kept] kept[by] by the[the] charity charity and[and] a a comparison comparison of[of the] the accounts accounts presented presented[by] by those those[records.] records.[It] It[also] also[includes] includes consideration consideration[of] of any any[unusual] unusual items items or or disclosures disclosures[in] in the the accounts,[accounts,]
and and seeking explanations seeking explanations from you from you as as trustees trustees concerning concerning any any such such matters. matters. The The procedures procedures undertaken undertaken do do not not provide provide[all] all the[the] evidence evidence[that] that would would be be required required in in an an audit audit and and consequently consequently no no opinion opinion is[is] given[given] as as to[to] whether whether the the accounts accounts present present a a "true "true and and fair fair view" view" and and[the] the report report[is] is limited limited to to those those matters matters set set out out in in[the] the statement statement below. below.
Independent Independent examiners examiners statement statement
In In connection connection with with our our examination, examination, no no matter matter[has] has come come to[to] our our attention; attention;
(1) (1) which which gives gives us us reasonable reasonable cause cause to to believe believe that that in in any any material material respect respect the the requirements; requirements;
- to to keep keep accounting accounting records records in in accordance accordance with with section section 386 386 of of the the Companies Companies Act Act 2006; 2006; and and
- to to prepare accounts which prepare accounts which accord accord with with the the accounting accounting records, records, comply comply with with the the accounting accounting requirements requirements of of
section section 396 396 of of the the Companies Companies Act Act 2006 2006 and and with with the the methods methods and and principles principles of of the the Statement Statement of of
Recommended Recommended Practice[Practice] Accounting Accounting and[and] Reporting Reporting[by] by Charities Charities
have have not not been been met; met; or or
(2) (2) to to which, which, in in our our opinion, opinion, attention attention should should be be drawn drawn in in order order to to enable enable a a proper proper understanding understanding of of the the accounts accounts to to[be] be reached. reached.
4 4
CHABAD CHABAD LUBAVITCH LUBAVITCH OF OF BOURNEMOUTH BOURNEMOUTH
COMPANY COMPANY LIMITED LIMITED BY BY GUARANTEE GUARANTEE
REPORT REPORT OF[OF] THE THE INDEPENDENT[INDEPENDENT ] EXAMINER EXAMINER TO TO THE THE MEMBERS MEMBERS OF OF CHABAD CHABAD LUBAVITCH LUBAVITCH OF OF BOURNEMOUTH BOURNEMOUTH
YEAR YEAR ENDED ENDED 31 31 MARCH MARCH 2024 2024
AEL AEL Markhams Markhams Ltd Ltd Chartered Accountants Chartered Accountants and and Registered Registered Auditors Auditors 201 201 Haverstock Haverstock Hill Hill London London NW3 NW3 4QG 4QG
Date: 2.3 Date: 3 June 29 > b )
5 5
CHABAD CHABAD LUBAVITCH LUBAVITCH OF OF BOURNEMOUTH BOURNEMOUTH
COMPANY COMPANY LIMITED LIMITED BY BY GUARANTEE GUARANTEE
STATEMENT STATEMENT OF OF FINANCIAL FINANCIAL ACTIVITIES ACTIVITIES[(INCORPORATING] (INCORPORATING THE THE INCOME INCOME AND AND EXPENDITURE EXPENDITURE
ACCOUNT) ACCOUNT)
YEAR YEAR ENDED ENDED 31 31 MARCH MARCH 2024 2024
==> picture [474 x 224] intentionally omitted <==
----- Start of picture text -----
||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Notes|Notes|Unrestricted|Unrestricted|Restricted|Restricted|Total|Total|
|Page|Page|Funds|Funds|Funds|Funds|2024|2024|2023|2023|
|£|£|£|£|
|INCOMING|INCOMING|RESOURCES|RESOURCES|8|8|
|Incoming|Incoming resources|resources|from|from|generating|generating|funds|funds|
|Voluntary|Voluntary|income|income|139,925|139,925|-|139,925|139,925|509,763|509,763|
|Investment|Investment|income|income|46,513|46,513|-|46,513|46,513|35,632|35,632|
|TOTAL|TOTAL INCOMING|INCOMING|RESOURCES|[RESOURCES]|186,438|186,438|-|186,438|186,438|545,395|545,395|
|RESOURCES|RESOURCES|EXPENDED|EXPENDED|8|8|
|Charitable|Charitable|activities|activities|200,401|200,401|-|200,401|200,401|201,453|201,453|
|TOTAL|TOTAL|[RESOURCES]|RESOURCES|EXPENDED|EXPENDED|200,401|200,401|-|200,401|200,401|200,401|200,401|
|NET|NET|[INCOMING]|INCOMING|RESOURCES|RESOURCES|[FOR]|FOR|THE|THE|[YEAR]|YEAR|-13,963|-13,963|-|-13,963|-13,963|343,942|343,942|
|-|
|Total|Total|funds|funds|brought|brought|forward|forward|1,628,412|1,628,412|-|1,628,412|1,628,412|1,284,470|1,284,470|
|TOTAL|TOTAL FUNDS|FUNDS|CARRIED|CARRIED|FORWARD|FORWARD|1,614,449|-|-|1,614,449|1,628,412|1,628,412|
----- End of picture text -----
The The Statement Statement of of Financial Financial[Activities] Activities includes includes all all gains gains and and losses losses in in the the year year and and therefore therefore a a statement statement[of] of total[total] recognised recognised gains gains and and losses losses has has not not been been prepared prepared
All All[of] of the the above above amounts amounts relate relate to to continuing activities continuing activities
The The notes notes on on pages pages[7] 7 to to[9] 9 form form part part of of these these[financial] financial statements statements
6 6
CHABAD CHABAD LUBAVITCH LUBAVITCH OF OF BOURNEMOUTH BOURNEMOUTH
COMPANY COMPANY LIMITED LIMITED BY BY GUARANTEE GUARANTEE
BALANCE BALANCE[SHEET] SHEET
| YEAR ENDED 31 MARCH 2024 YEAR ENDED 31 MARCH 2024 |
|||||
|---|---|---|---|---|---|
| Notes Notes |
2024 2024 |
2023 2023 |
|||
| £ | £ | ||||
| FIXED ASSETS FIXED ASSETS |
|||||
| Tangible assets Tangible assets |
8 8 |
819,293 819,293 |
821,703 821,703 |
||
| INVESTMENT IN SUBSIDIARY INVESTMENT IN SUBSIDIARY |
|||||
| Shares at cost Shares at cost |
9 2] |
10 10 |
10 10 |
||
| Loan account Loan account |
197,978 197,978 |
191,863 191,863 |
|||
| 197,988 197,988 |
191,873 _191,873 |
||||
| CURRENT ASSETS CURRENT ASSETS |
|||||
| Cash at bank Cash at bank |
474,668 474,668 |
499,836 499,836 |
|||
| Loans Loans |
122,500 122,500 |
115,000 115,000 |
|||
| 597,168 597,168 |
614,836 614,836 |
||||
| NET CURRENT ASSETS NET CURRENTASSETS |
597,168 597,168 |
614,836 614,836 |
|||
| TOTALNET ASSETS TOTAL NETASSETS |
E £ |
1,614,449 1,614,449 |
E £ |
1,628,412 1,628,412 |
|
| FUNDS FUNDS |
|||||
| Restrictedfunds Restricted funds |
1,614,449 1,614,449 |
128,412 | |||
| Unrestricted funds Unrestricted funds |
= | = | |||
| TOTALFUNDS TOTALFUNDS |
f £ |
1,614,449 1,614,449 |
f £ |
1,628,412 1,628,412 |
For For the the year year ended ended 31 31 March March 2024 2024 the the company company was was entitled entitled to to exemption exemption from from audit audit under under section section 477 477 of of the the Companies Companies Act Act 2006 2006 relating relating to to small small companies. companies.
Trustees' Trustees’ responsibilities responsibilities
- The The trustees trustees have have not not required required the the company company to to obtain obtain an an audit audit of of its its accounts accounts for for the the year year in in question question in in accordance accordance with with section section 476, 476, and and
- The The trustees trustees acknowledge acknowledge their their responsibilities responsibilities for for complying complying with with the the requirements requirements of of the the Act Act with with
respect respect to to accounting accounting records records and and the the preparation preparation of of accounts accounts
These These[financial] financial statements statements have have been been prepared prepared in in accordance accordance with with the the special special provisions provisions of of Part Part 15 15 of of the the Companies Companies Act Act 2006 2006 relating relating to to small small companies companies and and with with[the] the Financial Financial[reporting] reporting Standard Standard for for Smiler Smller Entities. Entities.
These financial statements were approved by the Board of Trustees and authorised for issue on These a aaal statements were approved by the Board of Trustees and authorised for issue on 2024 and signed on their behalf[by:-] 23° Tune 2024 and signed on their behalf by:§ Isaac Isaac Raskin Raskin - - Trustee Trustee
The The notes notes on on pages pages 7 7 to to 9 9 form form part part of of the the[financial] financial statements statements
7 7
CHABAD CHABAD LUBAVITCH LUBAVITCH OF OF BOURNEMOUTH BOURNEMOUTH
COMPANY COMPANY LIMITED LIMITED BY BY GUARANTEE GUARANTEE
NOTES NOTES TO TO THE THE FINANCIAL[FINANCIAL] STATEMENTS[STATEMENTS]
YEAR YEAR ENDED ENDED 31 31 MARCH MARCH 2024 2024
1 1 ACCOUNTING ACCOUNTING POLICIES POLICIES
Basis Basis[of] of accounting accounting
The The financial financial statements statements are are prepared prepared under the under the historical historical cost cost convention convention and and in in accordance accordance with with the the Financial Financial Reporting Standard Reporting Standard for for Smaller Smaller Entities Entities (effective (effective[April] April 2008), 2008), and and the the requirements requirements of of the the
Statement Statement[of] of Recommended Recommended Practice Practice "Accounting "Accounting and and Reporting Reporting by by Charities" Charities" issued issued in in March March 2005 2005 (SORP (SORP 2005). 2005). The The Charity Charity has has taken taken advantage advantage of of the the exemptions exemptions in in the the Financial Financial Reporting Reporting Standard Standard for for Smaller Smaller Entities Entities (effective (effective January January[2008)] 2008) from from the the requirements requirements to to produce produce a a cash cash flow flow statement statement on on the the
grounds grounds[that] that it it is[is] a a small small charity. charity.
Incoming Incoming resources resources
Income Income[has] has[been] been recognised recognised gross gross on on the the basis basis[of] of entitlement,[entitlement,] certainty certainty and and measurement. measurement. Donations, Donations, legacies[legacies][and] and other other forms forms of of voluntary voluntary income income are are recognised recognised as as incoming incoming resources resources when when receivable, receivable, except except insofar insofar as as they they are are incapable[incapable] of of financial financial measurement. measurement.
Fund Fund accounting accounting
Unrestricted Unrestricted funds funds are are general general funds funds that that are are available available for for use use at at the the trustees' trustees’ discretion discretion in in furtherance furtherance of of the the objectives objectives of of the the Charity. Charity. Restricted Restricted funds funds are are subject subject to to specific specific conditions conditions by by donors donors as as to to how how they they may may be be used. used. The The purposes purposes and and uses uses of of the the restricted restricted funds funds are are set set out out in in the the notes notes to to the the accounts. accounts.
Resources Resources expended expended Expenditure Expenditure is is included included on on an an accruals accruals basis, basis, inclusive inclusive of value of value added added tax. tax. Costs Costs[of ] of generating generating funds funds are are those those costs costs incurred incurred[in] in attracting attracting voluntary voluntary income, income, in in particular particular the the costs costs[of] of maintaining maintaining[the] the Charity's Charity's profile profile within within the the sector. sector. Governance Governance costs costs include include those those costs costs incurred[incurred] in in the the governance governance[of] of the the Charity's Charity's assets assets and and are are primarily primarily associated associated with with constitutional constitutional and and statutory statutory requirements. requirements. Liabilities Liabilities are are recognised recognised when when incurred. incurred. Provisions Provisions are are only only recognised recognised when there when there is is a a present present obligation obligation as as a a result result[of] of past past events. events.
Tangible Tangible fixed fixed assets assets
All All fixed fixed asset asset initially initially recorded recorded at at cost cost Depreciation Depreciation is is calculated calculated so so as as to to write write off off the the cost cost of of an an asset, asset, less less its its estimated estimated residual residual value, value, over over the the useful useful economic economic life life[of] of[that] that asset asset as as[follows] follows
Fixtures Fixtures and and fittings fittings - - 15% 15% per annum per annum straight straight line line -
Motor vehicles Motor vehicles - 25% 25% per per annum annum straight straight line line
Going Going concern concern
No No material material uncertainties uncertainties that that may may cast cast significant significant doubt doubt about about the the ability ability of of the the company company to to continue continue
as as a[a][going] going concern concern have have been been identified identified by by the the trustees. trustees.
8 8
CHABAD CHABAD LUBAVITCH LUBAVITCH OF OF BOURNEMOUTH BOURNEMOUTH COMPANY COMPANY LIMITED LIMITED BY BY GUARANTEE GUARANTEE
NOTES NOTES TO TO THE THE[FINANCIAL] FINANCIAL STATEMENTS STATEMENTS
==> picture [531 x 530] intentionally omitted <==
----- Start of picture text -----
||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|YEAR|YEAR|ENDED|ENDED|[31]|31|MARCH|MARCH|2024|2024|
|2|2|VOLUNTARY|VOLUNTARY|INCOME|INCOME|Unrestricted|Unrestricted|Total|Total|Total|Total|
|Funds|Funds|Funds|Funds|Funds|Funds|
|2024|2024|2023|2023|
|£|£|£|
|Sundry|Sundry|donations|donations|139,925|139,925|139,925|139,925|507,572|507,572|
|Investment|Investment|income|income|46,513|46,513|46,513|46,513|35,632|35,632|
|186,438|186,438|186,438|186,438|543,204|543,204|
|3|3|COSTS|COSTS OF|OF|CHARITABLE|CHARITABLE|ACTIVITIES|ACTIVITIES|BY|BY FUND|FUND|TYPE|TYPE|Unrestricted|Unrestricted|Restricted|Restricted|Total|Total|Total|Total|
|Funds|Funds|Funds|Funds|Funds|Funds|Funds|Funds|
|2024|2024|2023|2023|
|£|£|£|£|
|Charitable|Charitable|activities|activities|200,401|200,401|-|200,401|200,401|201,453|201,453|
|4|4|COSTS|COSTS OF|OF|CHARITABLE|CHAR!TABLE|ACTIVITIES|ACTIVITIES|BY|BY ACTIVITY|ACTIVITY|TYPE|TYPE|Charitable|Charitable|Total|Total|Total|Total|
|activities|activities|Funds|Funds|Funds|Funds|
|2024|2024|2023|2023|
|£|£|£|
|Charitable|Charitable|activities|activities|200,401|200,401|200,401|200,401|201,453|201,453|
|5|5|NET|NET INCOMING|INCOMING|RESOURCES|RESOURCES|FOR|FOR|THE|THE|YEAR|YEAR|
|This|This|is|is|stated|stated|after|after|charging|charging|2024|2024|2023|2023|
|£|£|
|Depreciation|Depreciation|2410|2410|2410|2410|
|6|6|STAFF|STAFF|COSTS|COSTS|AND|AND|EMOLUMENTS|EMOLUMENTS|
|Total|Total|[staff]|staff|costs|costs|were|were|as|as|follows:|[follows:]|2024|2024|2023|2023|
|£|£|
|Wages|Wages|[and]|and|salaries|salaries|74,444|74,444|74,154|74,154|
|Social|Social|security|security|costs|costs|7,833|7,833|8,157|8,157|
|82,277|82,277|82,311|82,311|
|Particulars|Particulars|of|[of]|employees:|employees:|
|The|The|average|average|number|number|of|of employees|employees|during|during|the|the|year,|year,|calculated|calculated|on|on|the|the|basis|basis|of|of|[full-time]|full-time|
|equivalents,|equivalents,|was|was|as|as|follows:|follows:|2024|2024|2023|2023|
|£|£|
|Number|Number|[of]|of management|management|[staff]|staff|4|4|4|4|
----- End of picture text -----
9 9
CHABAD CHABAD LUBAVITCH LUBAVITCH OF OF BOURNEMOUTH BOURNEMOUTH COMPANY COMPANY LIMITED LIMITED BY BY GUARANTEE GUARANTEE
NOTES NOTES TO[TO] THE THE FINANCIAL FINANCIAL STATEMENTS STATEMENTS
YEAR YEAR ENDED ENDED 31 31 MARCH MARCH 2024 2024
7 7 TRUSTEES' TRUSTEES' REMUNERATION REMUNERATION No No remuneration remuneration or or expenses expenses were were paid paid to to the the trustees trustees during during the the year. year.
| 8 8 |
TANGIBLE FIXED ASSETS TANGIBLE FIXEDASSETS |
Freehold Freehold |
Motor Motor |
Fixed Fixed |
|||||
|---|---|---|---|---|---|---|---|---|---|
| Property Property |
Vehicle Vehicle |
Assets Assets |
|||||||
| COST COST |
|||||||||
| At 1 April 2023 At 1 April 2023 |
816,885 816,885 |
9,638 9,638 |
826,523 826,523 |
||||||
| Additions Additions |
- | - | - | ||||||
| At 31 March 2024 At31 March 2024 |
£ | 816,885 816,885 |
£ | 9,638 9,638 |
£ | 826,523 826,523 |
|||
| DEPRECIATION DEPRECIATION |
|||||||||
| At 1 April 2023 At 1 April 2023 |
- | 4,820 4,820 |
4,820 4,820 |
||||||
| Charge forthe year Charge for the year |
- | 2,410 2,410 |
2,410 2,410 |
||||||
| At 31 March 2024 At 31 March 2024 |
£ | -f - |
£ | 7,230 7,230 |
£ | 7,230 7,230 |
|||
| NET BOOKVALUE NET BOOK VALUE |
|||||||||
| At 31 March 2024 At 31 March 2024 |
£ | 816,885 816,885 |
£ | 2,408 2,408 |
f £ |
819,293 819,293 |
|||
| At 31 March 2023 At 31 March 2023 |
£ | 816,885 816,885 |
£ | 4,818 4,818 |
£ | 821,703 821,703 |
|||
| 9 9 |
FIXEDASSET INVESTMENT FIXED ASSETINVESTMENT |
Shares Shares |
in subsidiary in subsidiary |
||||||
| undertaking undertaking |
|||||||||
| At 31 March 2023 At 31 March 2023 |
£ | 10 10 |
|||||||
| At 31 March 2024 At 31 March 2024 |
£ | 10 10 |
|||||||
| The charity owns the entire issued share capitalofWaterGarden The charity owns the entire issued share capital ofWater Garden |
Hotel Ltd Hotel Ltd |
||||||||
| 10 10 |
UNRESTRICTED FUNDS UNRESTRICTED FUNDS |
2024 2024 |
2023 2023 |
||||||
| £ | £ | ||||||||
| General Fund General Fund |
|||||||||
| Balance broughtforward Balance brought forward |
1,628,412 1,628,412 |
1,284,470 1,284,470 |
|||||||
| Incomingresources Incoming resources |
186,438 186,438 |
545,395 545,395 |
|||||||
| Outgoingresources Outgoing resources |
-200,401 -200,401 |
-201,453 -201,453 |
|||||||
| Balance carried forward Balancecarriedforward |
I ,614 ,449 1,614,449 |
1,628,412 1,628,412 |
11 11 COMPANY COMPANY LIMITED LIMITED BY BY GUARANTEE GUARANTEE The The company company is is limited limited by by guarantee guarantee and and does does not not have have share share capital. capital. The The liability liability of of the the members members in in the the event event of of the the company company being being liquidated liquidated is is limited limited to to El £1 per per member. member.
10 10