COMPANY REGISTRATION NUMBER 8447087 CHABAD LUBAVITCH OF BOURNEMOUTH COMPANY LIMITED BY GUARANTEE FINANCIAL STATEMENTS 31 MARCH 2025 CHARITY NUMBER 1151681 *AE6HK8F4* 1010712025 COMPANIES HOUSE A05 #129 CHABAD LUBAVITCH OF BOURNEMOUTH COMPANY LIMITED BY GUARANTEE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 CONTENTS PAGE Trustees annual report Independent examiner's report to the rnembers Statement of financial activities (incorporating the income and expenditure account) Balance sheet otes'to'the financial stateinents 8-10 CHABAD LUBAVITCH OF BOURNEMOUTH COMPANY LIMITED BY GUARANT.EE TRUSTEES ANNUAL REPORT YEAR ENDED 31st MARCH 2025 The Trustees who are also Directors for the pbrp05es of Company Law, present thelr report and the financial statements of the.company for the year ended 31, March 2025. Reference and admlnistratlve details: Registerted charity name: Chabad Lubaliitch of 8ournemouth Charity registration number. 1151681 Company registration number: 8447087 Principal office: Chabad House 20, Lansdowne Road 8ournemouth 8HI ISQ 201 Haverstock Hill London NW3 4QG Dayan Y. Raskin Rabbi G..It2inger Registered office: Thé Trustees: Structurei governance and management Chabad lubavitch of Bournernouth is a company limited by guarantee ￿gIStered as a Company in th England and Wales on I" April 2013 and as a Charity in England and Wales on 15 March 2013. The company was established under a Memorandum of Association which established the objects and powers of th¢ charitable company and is governed under the Articles ofAssociation. In the event of the company being wound up memb'er5 are r.equired to contribute. an amount not ¢i(ceeding £1. Chabad Lubavitch of Bournemouth is governed by a Board of Directors whose responsibilities include setting the strategic direction and Eoals of the Charity and providing. effective governance. Objectives and actlvities The principal activities of the company in the year under review were to advance Orthodox Judaism as expounded by the teaching of Chabad Lubavitch and to advance the understanding of Judaism amon8St people of other faiths, primarily amongst students on the South Coast of England. Achievements and performance The Charity continued and enhanced its core activities. Desplte more difficult trading times, our 24 room hotel in Bournemouth continued the successful provision of kosherf¢)od.throuEh its delicatessen, restaurant and take away service and.delivered.meals to the vulnerable members of the community. The educational activities via a successful zoom p.rogramme and in person sessions conttriue to be successful, with all religious Services taking place throughout the year. CHABAO LUBAVITCH OF BOURNEMOUTH COMPANY LIMITED BY GUARANTEE TRUSTEES ANNUAL REPORt YEAR ENDED 31° MARCH 2025 Achievements and performance - continued The Hebreiii school now h'as two additional classes and adult education program continues to grow from strength to strength with around six weekly classes and daily text sessions covering a-wide variety of subject5. The young Rabbi and hls wife continue their excellent work within the local community, the Jewish society at Bournemouth University, providing weekly kosher Sabbath take. away meals for the students and visits to the elderly. The teenagers group where the participants enhan'ce their knowled8e.of Judaism continues to interact in person and via z'oom'with othèr similar group5 worldwide. Hospltal and care home visiting and community welfare services continue to feature among our core activities'an'd o'ur excellent relationship wit'h th'e Dorset Constab'ulary e'nsures our premi5e5. and community are safe and secure which. has become even more necessary durin8 these troubled times. Financial Review The charity has rnairitained a hèalthy level of achievement in all its performance targets. This has enabled sustained and new funding to be invested in future seNices. The Trustees are cc)nscious of the need to further expand the Charity's fundraising in order to secure.the activities of the charity, Pollcy'on reserves Unrestricted reserrfes - It is the p.olicy of the Trustees to sèek to inairitain funds which are the reserves of the Charity at a level sufficient to cover management, adrninistration and support costs, subject to constraints.arising from diminishing financial an'd other resources available. Restricted reserves are funds subject to specific'grants and are spent at the discretion of thé Trustè'es in furtherance of some particular aspect of the objects of thè Charity. Should a surplus arise on a restricted fund the charity will look at how to apply thi5 in accordance with the donor's wishes. The charity's 'Trustees and managers are a'ctiiie in seeking 8rants.for it's activit'ies. Th"e material amo'unt of restricted reserves relate5 to funding received for the freehold property shown in note 12 of the financial staternents. fiolicy ori investments The CharitV'5 investments are held with the Charity s bankers and other regulated banking institutlons. Plans for the future The company will continue to advante Orthodox Judaism al expounded by the teaching of Chabad L'ub'avitch and to advance the understandin8 of Judaism arnonEst people of other faiths, prirnarilv amongst students on the South Coast of England and law enforcement agencies. CHABAD LUBAVITCH OF BOURNEMOUTH COMPANY LIMITEO.BY GUARANTEE TRUSTEES ANNUAL REPORT YEAR ENDED 31: MARCH 2025 Plans for the future- continued A regular (lialogue with officers from Dorset Polite hi8hli8htin8 the requirements of the Jewish community in understandinE and combatting antisemitisrn has continued, as have our links with the Community Security Trust, Counter Terrorism and the Police and Crime Commissioner and our lo.cal Merntyers of Parliament in order to enhance the fish't ag'ainst all forms of hate crirne. Independent examlner AEL Markhams Ltd has been re-appointed independent examiners for the.en5uin8 year. Small company provlslons This report has been prepared in accordance with the provisions applicable to Compafties'.¢ntitled to the small companies exemption. Re8iStered oifice 201 Haverstock Hill London NW3 4QG Signed on behalf of the Trustees Isaac Raskin Date: CHABAD LUBAVITCH OF BOURNEMOUTH COMPANY LIMITED BY GUARANTEE REPORT OF THE INDEPENDENT EXAMINER TO THE MEMBERS OF. CHA8AD LUBAVITCH OF BOURNEMOUTH YEAR ENDED 31 MARCH 2025 We report on the accounts of the company'.for the year ended 31st March 2025, which are set.out on pa8es 7 to 10. Respective responsibilities of.tfUStees a'nd examiner The ttustées (who ate.a150 directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144121 of the Charities Act 2011 {the 2011 Act) and that an independent examination is needed. Hailing satisfied ourselves.that the charity is not subject to audit under company law and is eligible for independent examination, it is our responsibility to- examine the accounts under section 145 of the 2011 Act. to follow the procedures lald down in the general Directions given by the Charity Commisslon under section 14S(5){b} of the 2011 Act; and to state whether'particular matters have'come'to my. attentlon. Basis of independent examiners report Our examination was carried out in actordante with the general Directions 8lven by the Charity Commission. An examination includes a reiiiew of the accounting records kept by the charity and a coriipari50n of the accounts presented.'by those records. It also includes consideration of any unusual items or disclosures in the accounts, ahd seekihg explanations from you as trustee5 concerning'any such matters.. The procedures undertaken do not provide all the eiiidence that'would be re'q-uired in an audit and cons'equently no opinion is given as to whether th'e accounts'present a "true and fair view,: and the report is limited to those matters set out in the statement Independent examiners. statemènt. In'connection with our examination. no matter has come to our attentiort. 111 which 8ives us reasonable cause to believe that in any rriaterial respect the requirements. to keep accountin'g records in accordance with section 386 of the Companies Act 2006: and to prep'are accounts which accord with the atCOuntin8 records. comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice Accounting and Reporting by Charities have not been met; or 12) to which, in'our opinion,'attention should be drawn in order to enable'a proper understanding ot the accounts to be reached. CHABAD LUBAVITCH OF BOURNEMOUTH COMPANY UMITED BY GUARANTEE REPOR T OF THE INDEPENDENT EXAMINER TO THE MEMBERS OF CHABAD LUBAVITCH OF BOURNEMOUTH YEAR ENDEO 31 MARCH 2025 AEL Markhams Ltd Chartered Accountants and Registered Auditors 201 Haverstock Hill London NW3 4QG Date: .(o,Ix CHABAD LUBAVITCH OF BOURNEMOUTH COMPANY LIMITED BY GUARANTEE STATEMENT OF FINANCIAL ACTIVITIES {INCORPORATING THE INCOME AND EXPENDITURE ACCOUNT) YEAR ENDED 31 MARCH 2025 Notes Unrestricted Restrirted Page Funds Funds Total 2025 2024 INCOMING RESOURCES Incomin8 resources from generating funds Voluntary income Investment income TOTAL INCOMING RESOURCES 148,216 58,S65 206,781 148.216 139,925 58,565 206,781 186,438 RESOURCES EXPENDED Charitable activities TOTAL RESOURCES EXPENDED 207.965 207,965 207,965 200,401 207.965 207,965 NET OUTGOING,RESOURCES FOR THE YEAR Total funds brought forward TOTAL FUNDS CARRIED FORWARD -1.184 1,614,449 1,613,265 -1,184 -13,963 1,614,449 1,628,412 1,613,265 1,614.449 The Statement of Financial Activities includes all gains and losses in the year and therefore a statement of total reco8ni5ed gains and losses has not been prepared All of:the above amounts relate. to continuing activities The notes on pages 7 to 9 form part of these financial statements CHABAD LUBAVITCH OF BOURNEMOUTH COMPANY LIMITED BY GUARANTEE BALANCE SHEET YEAR ENDED 31. MARCH 2025 Notes 2025 2024 FIXED ASSETS Tangible assets 816,885 819,293 INVESTMENT IN SUBSIDIARY Shares at cost Loan account io 177.574 177,584 io 197,978 197,988 CURRENT ASSETS Cash at bank. 496,296 122,500 618,796 474,668 122,500 597,168 NET CURRENT ASSETS 618,796 597,168 ,. TOTAL NET ASSETS £ 1,613,265 £ 1.614,449 FUNDS Restricted funds Unrestricted funds TOTAL FUNDS 1,613,265 1,614,449 £ 1,613,265 £ 1,614,449 For the year ended. 31 March 2025 the company was entitled to exemption from audlt under section 477 of the Companies Act 2006 relatin8 to small companies. Trustees, responsibilities - The. trustees have not requlred the company to obtain an audit of it5 accounts for the year in question in accordance with sectlon 476, and - The trustees acknowledge their responsibilities for'complyin8 Wlth the requirements of the Act with respect to acco.untin8 records and the preparation of accounts These financial staternents have been prepared in accordance with the special provislons of Part 15 of the Cornpanie5 Act 2006 relating to small companie5 and with the Financial reporting Standard for Smller Entities. These fin ncial statefflents were approved by the 8oard of Trustees and authorised for issue on I02S and signed on their behalf by:" Isaac Raskin - Trustee The.notes on page$ 7 to 9 form part of the financial statements CHABAD LUBAVITCH OF BOURNEMOUT COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 I ACCOUNTING POLICIES Basis of accounting The financial statement5 are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 20081, and the requirements of the Statement of Recommended Practice Accountin8 and Reporting by Charittes issued In March 2005 (SORP 200SI. The Charity has taken advantage of the exemptions in the Financial Reporting Standard for Smaller Entities (effective January 20081 from the requirements to Produce a cash flow statement on the gtounds th'at it is a small charitv. Incomln8 resource's Income ha5 been recognised gr055 on the basis of entitlement, certainty and measurement. Donations, legacies and other forms of voluntary income are reco8ni5ed as incoming resources when receivable, except insofat-as they ar.e incapable of financial measurement. Fund accounting Unrestricted.funds are general funds that'are available for use at the trustees, discretion in furtherance of the.objectives of the Charity. Restricted funds are subjec't to specific conditions by donors'as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the accounts. Resources expended Expenditure is included on an accruals ba'si5, inclusive of value added tax. Costs of generating funds are those costs incurred in attracting voluntary income, in particular the costs of maintaining the Charity's profile within the sector. Governance costs include those cost5 incurred in the governance of the Charity's assets and are. primarily associated with constitutional and statutory requirements. Liabilities'are"reco8nised when incurred, Provisions'are"only re'co8nised when t'here. is a Firesent obligation as a result of past events. Tangible fixed assets All fixed asset initially recorded at C05t Oepreciation is calculated so a5 to write off the cost of an asset, less its estimated residual value, over the useful econornic life of that asset as follows "Fixtures and'fitt"inBs 15% per annum strai8ht line Motor vehicles 25% per annum straight line Going concern No material uncertainties that may'cast significant doubt about the ability of the company to continue as a going concern have been identified by the trustees. CHABAD LUBAV.ITCH OF BOURNEMOUTH COMPANY UMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 2 VOLUNTARY INCOME Unrestricted Funds. ,Total 'Funds.' 2025 . Totsl Funds 2024 Sundry donations Grants Investment income 136,216 12,000 58,565 206,781 136,216 12.000 58,565 206,781 139,925 46.513 186.438 3 COSTS O.F CHARITABIE AcfiviTIES B Y FUND TYPE Unrestricted Funds Restricted Funds Total Funds 2025 Total Funds 2024 Charitable activities 207,965 207,965 200,401 4 COSTS OF CHARITABLE ACTIVITIES BY AcfiviTY TYPE Charitable a¢tivities Total Funds 2025 Total Funds 2024 Charitable activities 207,965 207,965 200,401 5 NET INCOMING RESOURCES FOR THE YEAR This is stated after charging 2025 2024 Depreciation 2408 2410 6 STAFF'COSTS AND EMOLUMENTS Total staff costs were as follows: 2025 2024 Wages and salaries Social security costs 73,326 7,265 80,591. 74,444 7,833 82,277 Particulars of employees.. The average number of employees during the year, calculated on the basis of full-time equivalent5, Was as follows". 2025 2024 Number of mana8ement.staff CHABAD LUBAVITCH OF BOURNEMOUTH COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 7 TRUST£ES' REMUNERATION No remuneration or expenses.were paid to the trustees during the year. 8 TANGIBLE FIXED ASSETS Freehold Property Motor Vehicle Fixed Assets COST At l April.2024 Additions At 31 March 2025 816,885 9,638 826,523 £ 816.885 £ 9,638 £ 826,523 OEPRECIATION At l.April 2024 Charge for the year At 31 March 2025 7,230 2,408 9.638 £ 7,230 2.408 9,638 NET BOOK VALUE At 31 March 2025 At 31 March 2024 £ 816,885 £ £ 816,885 £ 816,885 819,293 2,408 £ 9 FIXED ASSET INVESTMENT Shares In subsidlary undertaking io io At 31 March.2024 At 31 March 2025 T'he charity'owhs the entire issued share capital of Water Garden Hotel Ltd 10 UNRESTRItTED F.UNDS .2025 2024 General Fund 8alance. brought forward Incoming resources Out8oin8 resources 8alance carried forward 1,614.449 206,781 -207.965 1.613.265 1,628,412 186,438 -200.401 1,614.449 I'l COMPANY LIMITED BY GUARANTEE The company is limited by guarantee and does not have share capital. The liability of the members in'the event of the company being.liquidated is lirnited to El per member. io