**REGISTERED COMPANY NUMBER: 08796080 (England and Wales) REGISTERED CHARITY NUMBER: 1156599** **REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025** **FOR** **JBOX LTD** Melinek Fine LLP Chartered Accountants First Floor, Winston House 349 Regents Park Road London N3 1DH **JBOX LTD** **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025** ||**Page**| |---|---| |**Report of the Trustees**|1 to 2| |**Independent Examiner's Report**|3| |**Statement of Financial Activities**|4| |**Balance Sheet**|5| |**Notes to the Financial Statements**|6 to 7| **JBOX LTD (REGISTERED NUMBER: 08796080)** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025** The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). JBOX Ltd is a UK-registered charity dedicated to supporting and empowering young people through a programme of educational, social, and cultural activities. The charity delivers a wide range of events and initiatives in London designed to promote personal development, strengthen community engagement, and encourage a deeper connection to Jewish heritage and values. Alongside its UK-based work, JBOX provides support to JTLV, a partner organisation based in Tel Aviv that delivers similar programmes for young English-speaking professionals and immigrants. Through this collaboration, the two organisations work together to build inclusive and supportive communities, enabling young people to develop meaningful connections, enhance their sense of belonging, and engage in shared experiences grounded in tradition and common values. ## **OBJECTIVES AND ACTIVITIES** ## **Objectives and aims** The charity’s primary purpose is to support and empower young people by acting as a resource through the provision of advice, guidance, and assistance, as well as by organising a range of physical, educational, and developmental programmes. These activities are designed to help young people progress in life by developing their skills, capacities, and confidence, enabling them to participate in society as independent, responsible, and engaged individuals. In furtherance of these aims, the charity seeks to advance education, support pathways into employment, and help relieve unemployment. In addition, the charity provides recreational and leisure opportunities in the interests of social welfare, particularly for individuals who face disadvantage due to age, disability, poverty, or challenging social and economic circumstances. Through access to inclusive activities and facilities, the charity aims to improve quality of life and promote wellbeing. The charity also seeks to relieve financial hardship by providing, or assisting in the provision of, education, training, and other forms of practical support. More broadly, it works to provide or support facilities for recreation and leisure for those in need, with the overall objective of improving life chances, social inclusion, and long-term wellbeing. ## **Significant activities** During the year, the charity continued to deliver a programme of events in London in furtherance of its charitable objectives. In addition, JBOX provided financial support to JTLV, a partner organisation based in Tel Aviv that delivers similar initiatives focused on supporting young people and fostering community development. Grants paid to JTLV during the year amounted to £77,909 (2024: £136,011), reflecting an increased level of activity and support compared with the previous year. ## **Public benefit** The trustees confirm that they have had due regard to the Charity Commission’s guidance on public benefit when reviewing the charity’s aims and planning its activities. They are satisfied that both the charity’s direct programmes and its grant-making to partner organisations are carried out for the public benefit. ## **FINANCIAL REVIEW** ## **Financial position** During the year ended 31 March 2025, the charity generated total unrestricted income of £247,185 (2024: £216,956) and incurred total expenditure of £276,082 (2024: £289,929), resulting in a net deficit for the year of £28,897 (2024: £72,973). As a consequence, unrestricted funds decreased from £33,756 at the start of the year to £4,859 at 31 March 2025. Although expenditure exceeded income during the year, the trustees consider that the charity remains able to meet its obligations, with cash balances of £6,512 at the year end and creditors of £1,800 falling due within one year. The trustees continue to monitor income, expenditure, and reserves carefully and believe that the charity’s financial position remains stable, allowing it to continue delivering its charitable objectives while managing resources prudently. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document** The charity is constituted as a company limited by guarantee and as such its governing documents are its Memorandum and Articles of Association. Page 1 **JBOX LTD (REGISTERED NUMBER: 08796080)** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025** ## **STRUCTURE, GOVERNANCE AND MANAGEMENT Risk management** The trustees have reviewed the principal risks faced by the charity and are satisfied that appropriate systems, procedures, and internal controls are in place to manage and mitigate those risks effectively. Ongoing monitoring of potential areas of exposure is undertaken to ensure the charity remains resilient, well-governed, and able to continue fulfilling its charitable objectives. ## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number** 08796080 (England and Wales) ## **Registered Charity number** 1156599 ## **Registered office** 138 Finchley Lane Hendon London NW4 1DB ## **Trustees** Mr A N Gubbay Mr D E Abraham Mr D Goldberg ## **Independent Examiner** Melinek Fine LLP Chartered Accountants First Floor, Winston House 349 Regents Park Road London N3 1DH Approved by order of the board of trustees on 23 January 2026 and signed on its behalf by: Mr D E Abraham - Trustee Page 2 **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF JBOX LTD** ## **Independent examiner's report to the trustees of Jbox Ltd ('the Company')** I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2025. ## **Responsibilities and basis of report** As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act. ## **Independent examiner's statement** I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: 1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Aryeh Melinek, FCA Melinek Fine LLP Chartered Accountants First Floor, Winston House 349 Regents Park Road London N3 1DH 23 January 2026 Page 3 ## **JBOX LTD** ## **STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2025** |**2025**
**Unrestricted**
**fund**
**£**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
**247,185**
**EXPENDITURE ON**
**Charitable activities**
Charitable activities
**276,082**
**NET INCOME/(EXPENDITURE)**
**(28,897)**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**33,756**
**TOTAL FUNDS CARRIED FORWARD**
**4,859**|2024
Total
funds
£
216,956
289,929
(72,973)
106,729
33,756| |---|---| The notes form part of these financial statements Page 4 ## **JBOX LTD (REGISTERED NUMBER: 08796080)** ## **BALANCE SHEET 31 MARCH 2025** |**2025**
**Unrestricted**
**fund**
Notes
**£**
**FIXED ASSETS**
Tangible assets
5
**147**
**CURRENT ASSETS**
Cash at bank
**6,512**
**CREDITORS**
Amounts falling due within one year
6
**(1,800)**
**NET CURRENT ASSETS**
**4,712**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**4,859**
**NET ASSETS**
**4,859**
**FUNDS**
Unrestricted funds
**4,859**
**TOTAL FUNDS**
**4,859**|2024
Total
funds
£
294
35,262
(1,800)
33,462
33,756
33,756
33,756
33,756| |---|---| The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025. The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for - (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and - (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue on 23 January 2026 and were signed on its behalf by: Mr D E Abraham - Trustee The notes form part of these financial statements Page 5 **JBOX LTD** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025** ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. ## **Income** All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. ## **Expenditure** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure. ## **Tangible fixed assets** Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Plant and machinery - 33% on cost ## **Taxation** The charity is exempt from corporation tax on its charitable activities. ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. ## **Legal status of the charity** The charity is a company limited by guarantee and has no share capital. Liability of each member in the event of winding up is limited to £1. ## **2. GRANTS PAYABLE** |Charitable activities|**2025**
**£**
**77,909**|2024
£
136,011| |---|---|---| All grants were made to JTLV, a partner organisation based in Tel Aviv that delivers programmes aligned with the charity’s charitable objectives. continued... Page 6 **JBOX LTD** **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025** ## **3. NET INCOME/(EXPENDITURE)** Net income/(expenditure) is stated after charging/(crediting): |Depreciation - owned assets|**2025**
2024
**£**
£
**147**
147| |---|---| ## **4. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024. ## **5. TANGIBLE FIXED ASSETS** |**COST**
At 1 April 2024 and 31 March 2025
**DEPRECIATION**
At 1 April 2024
Charge for year
At 31 March 2025
**NET BOOK VALUE**
At 31 March 2025
At 31 March 2024
**6.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Accruals and deferred income
**7.**
**RELATED PARTY DISCLOSURES**|Plant and
machinery
£
**1,558**
**1,264**
**147**
**1,411**
**147**
294
**2025**
2024
**£**
£
**1,800**
1,800| |---|---| There were no related party transactions for the year ended 31 March 2025. Page 7