CHABAD LUBAVITCH OF cAMBRllE FINANCIAL STATEMENTS FOR THE YBAR ENDED 28TH FEBRUARY 2025 coNrENTS AND CHARITY INFORMATION coTrrrENTS.' PAGE: Report of the Tru51e&g Independent Examinexs Report Statement of Financial Activitics Balance Sheet Stat¢ent of Cash Flows Notes to the Attoufjl$ 7-11 TRUSTBES AND DIRECTORS: Rabbi Dr A R Leigh Dr R li DUhIn5kY COMPANY REGISThATIONNUMBER: 09452396 CHARfIY REGISTRATION NUMBEIL. 1162783 REGISTERED OFFICE.. 37a Castle Street Cambridg¢ CB3 OAH INDEPENDENT EXAMINERS.. For and on behalf ot. PrcDtis & Co tLP Cbartered Autants and Indendent Examiners 115c MllÉon Road Cambridge CB4 IXE BANKERS.. HaDdelsbauken Byron House Cambridge Busin$ P Cowlgy Road C8Jnbridge CB4 OWZ
CHABAD LUBAVITCH OF cAMBBllE PAGE I FINANCIAL STATEMENfs FOR THE YEAR ENDED 28TH FEBRUARY 2025 TRUSTEES REPORT The tNsle¢s, who are also directors of the chhrity tbe of the Conyanies ACL present their annual report together with the financial 51aternents of Chabad Lubavlh of CambrÈdge for the y¢aT ¢nded 28th F¢bnthry 2025. The financial stateme]its comply with the C]witie5 Act 2011. the Companies Act 20(. the Memorandum and Articles of AssocialioD ACcOLting alld Reporting by Charitie5: Staiemellt of Recommended Practice applicable to charities PTepariDg their account3 in accordallce with the Fitianc1 Re[lli8 Standard app]ic&ble in the UK and Republic of Ireland IFRS 102) (effective 1st January 2019). structure> gov¢rll4nc¢ and TragEMent Governlng document Chabad Lubavitch of Cambridge is a co]rq)8ny limited by gUarane registered as a company and charity in England and Wal¢s on 21st Febru 2015. In tbe event of tbe company being Woulld up members are required to contnTr)ute an amount not excttdiJ]g £10. Thc collwy founded ill 2015 al is ex¢mpt frorn the requirement to Use the word "jimited" alld is registered a8 a charity. The truste¢$ during the perioj have Iell. Rabbi Dr A R Leigb Dr M A Amior Mr J O Le%y (re5igDed 24th April 2025) Recruitment and appointment of wew trustK4 Appointtnenl of tnjstees will I by tbe decision of the currenttrustees. New tnLStees will be given itfornlltion about the aims of the charity and will Txeiv¢ trJiDiDgrelat¢d to their respoJJ5ibility frorn curr¢Dt or past truste¢s. Risk maDagemeDt The tn]stecs have a8sessed the major risks to which the charity is expose4 io p8rticu]8r those lated to the operations d fmances of th¢ thwity. are 5atisfi¢d that ar¢ ID p]x¢ ts) ttigatr exposure to the jOrn5kS. Objectfvu and Activities Jn planning Oltr activities for tbe , we kept in n)itid the Clwity Commission's guidance on public benefit at our trstee Cbabad Lubavitth of Cambridge pron)otes and facilitates the advat)cemeArt of education and the practice of the Jewish ith in Carnbridge. The trust¢es intend to ¢ontitiue w d¢v¢lop th¢se 4thiviti¢s. AChieve£Thts performanee During the part year our organisation continued to provide rel18sou educational and soci8] services to the sthdents and staff of the UDIV¢Tsity of Cambridg¢, &5 well lo th¢ wider Jewish wn]munity of CanJbridg¢ and FASt Anglia. Our proeS have renmined consistent in their aim to ¢ate a welcoming enviro])meDt for study. celebratiOTL and om]nullty gageml. that the neeth Df our diversc participallts arE et with and dedicatiOJL While the broader economic climate continues to present challenge5, we have successfully nltaIned the quality and r¢ach of our activities through Careful maoagement 8t strong commlty supporL We renlti committed to suqtsining these efforts and to ensuring that our programrnes CODtiDue to enrich Jewisb lift in Carnbridge across all aTeas of edu¢atioD gud GO]I]IUUDity WEllbeing. Looking aheaiL we anticip*e fiuther growth in participation and inteSt in OUT Work. ID respoll5e, we will be exploring Dew opw)rttmities for funding alld development to enable us to expand 0 activities and continue fuifiuing our mi58ioll to wv¢ the Jewi5b COlty of Catnbrid8e a]Ml E&8t kngli4 with excellence and inclusivity. Fitsaneial review Durfftg the Ye the charity made a surplus of £1.359 (2(r24'. deficit of £12,807). The clwritys reserves stand at £709,176 (2024.. £707.817) which mostly TepT¢sents th¢ building.'llJe trustee5 are aware of the need to generate a swplus and buiEd up a level of liquid reservs5 and are puttiDg measurw in place to achieve this.
CFIAEIAD LUIJAvnrH OF CAMBBJDGE PAGE 2 FINANCEAL 8TA'fEhWTS FOR THE YEAR ENDED 28TH FEBRUARY 2023 TRuyfEES REPORT...JCONTINUED Gratrt msking poIY 'Ile dw.ty may provide grants IO QFw11£ I)OSe aLtvitses supportts objtGtiTlQS. The trustre5 WFIS jud¢ ¥&¢h ose roT a gnmi oil its meTti5. Re5¢rv¢¥ policy The Llrdrity holdsTescnu in order to gEnErt¢ i50me to fund tl¥ actkvitie% artd to pro£ the charty from unfor¢s¢etJ ¢Ércumglanca or4 F411 in l¢vtlg. Curyently the Charl hol& free rcserves. the maioriiy tsf sts a¢tual reser¥e5 belo¥ thE pnipLYty. Th charily airt to byild w) fre¢ wervBS to Lo¥er6 T)nthS of dwe(a o)s15, b¢?ng appn)ximakty 5.0. I'he Tt4¢nrs wIky will be Eeviewedcacb year aEthe INe¢S Pl&•$ fvr tbe fUtrtt The Chlty wtrll rontUMJ¢ to advaDee th¢edtIon ar>d prd¢tie¥' of (Trthodox Judaism Cambridgc as expou1Ed by th¢ ¥f Ch&bdd LttbavitdL Psy policy for k¢y PCT50Rn¢l tru5¢¢¢$ 8rt COA5ideTEd to bE keyp¢ESOWrtI of the charity in cbarge of dirEdiu&wd¢ontrollins the ¢h8fityon & day to diy trust give theirtime freely aFtd no trustees rcccived Ymoneration in the fortheir Ivork Lg trwt2e. One fftutec received FemwTrerdlioR forother work with ts ¢lwiry. TRUSTEES, RKSPONSIBILrriEs STATEMENT The (who at¢ Jlso directors of chab Lubavitrh ofcamtffidgc for tbe pwpoS of eompally thw) arb r¥'swllsibl¥ ti)r prepgriJTrg the ttuyrees, report eTtd tbe fin8Dcial 5ts1e1Tw Én 4¢ci)nlgnce ¥ith applicable Traw 8nd Unitsd Kln8do Accounlisi8 sIda {United Genernlly Aepted.4¢¢oUnn# Praclicc). Compluy afKI ¢horiiy I&w TequTrrt5 the snr5È¢es to pgepare fiTranciEI statemert4 fDrca¢h finaBcial yparmthith girc 4 (nT# and fllir vÈew of the Slate of af&iF5 ofthe tharitsble COAwan¥. of the 1ComIng t¢sources artd applÈration uf rewurces includink the ittLorne and exNdTUty¢ of tTr clmritable for that ptrÈtNI. lo preparingthe5e fu3an¢ial stattui¢nts, the tyusw'¢s arc rcquired tty.. sclt¢t suitablc LoUting polTrci¢5 and then apply trM cOnsi5tcnt. obyerve the Enrtbods Amd prTRciple5 in the Ch8ritics SORP. make judgcTN¥Hts e51imates thar art reasonknle aNI PTud¢nf t¢ whethcr applicable UK accotmting Standar¢l8 hav¢ icn follow, subject to any Al8] depwtur¢s diK10d and explained iti the fiDanci3J sItttm. pr¢paTe the fina12cioI 5tszements on the goinb conctrn knL5 $5 it is imppropriate IL7 preswne that the cknilabl¢ will ci)ntiE)IEe Ir operation. Ihe trustLes are responsiblc forkeepin8 adequaie acwuiitiDg rewrd5 th& dis¢k)sc With reasonable awraLy at yjiy tine the finwKial pos11ion ofihe charitsblt ¢ompany wjd enable thcm io that thefmaTKial 51atEmts ¢iyrnply wtth the CthnwiiE* Ad 2006. Tb¢y or¢ 4lso responsibkfvr safeguardtng the assets of the charitable COE]wany and h¢T for iaking Fea¥onebk steps for ihe preyetrtion and de14 LI(fr4 and othcr itr¢8Utotit4¢& 'tTh¢ trustees are Yespo55bk fvr th¢ m2inteBor awl ofthe rborttable curnpany aud fm4ticial information iEtcluded on thc ¢h8ritl¥ websil#. This report been PFEpared in a¢cordance with ihe 5pEEfdl ptuvi%ions srlaEÈn8 to srn811 companie& withtn P8rt IS olthe CJmpaThies Ad 2006. rEPOrt Ivas 8ppTo¥ed by the trJE5tees on nd signed ¢tE thcir bL'half. by". // RABBI DR A R LEIGH - TRUS'fEE
CHABAD LUBAVITCH OF CAMBRIDGE PAGE 3 FINANCIAL STATEMENTS FOR THE YEAR ENDED 2¥fH FEBRUARY 2025 INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF CHABAD LUBAVITCH OF CAMBRIDGE I report to the cbarity trust¢e5 on my examination of thE financial statemellts of Chabad bayitCh of Cambridge for tbe year ended 28th Febtw 2025, whid) are set out on pag¢s 4 to I l. RESPONSIBILrriES AND BASiS OF REPORT As the charity's tn]stees of th¢ cOPanY (aud a]so its directors for the pw of con]pany law) y(w Bre responsible for thE preparation of the accouuLs ill aC)r with the T¢qUIreti ofthe Companie5 2006 (the ?(KJ6 ACV). Havi]Jg b¢En satisfied that the accounts of the are notrequired to be audited under Part 16 of the 2(M)6 Act and aTe eligible for independent exwDillation. I rewrt in rtspeet of my Cnina]i01j of your charity's accounts & carried out und¢r Section 145 of the Charities Act 2011 {the 2011 Act). Jn wrytiig Dut my exaTnination I J]ave followed the Diredions given by ibe Chlty Commission under Seclion 145(5Xb) of the 2011 ACL INDEPENDENT EXAMINERS, STATEMENT I havr completed my exainatiOll. I confirm that no t] have to my attention in comiection withthe examination giving me Cause to be]iev¢'. (l) accounting records werenot kw in of th¢ wmpany as required by Section 386 of the 2006 ACL (2) the a¢¢oullts do not accord those aC£tg records., (3) tbe ac¢owits do not comply with thE arcounting requiT¢meDts of Section 396 of the 2006 Act other than any requirement that the accouDts give a ]e view whith is Dot a matter considered as p8rt Df an independent eXalatiOn. or (4) the aOUnts haye not b¢En prepared in accordw with thE meth(ML8 aDd prineipl¢s of the Statement of Recornmended Practice for xcounting and rewting by chaTities [applicable to charities preping their occoullts in a¢dance with the FinaTKial RqM)rtin8 Standard applicable in the UK and RepLLblic of Ireland (FRS102)1. I have ¢OllLErnS and have come acro&s no other matters in cooneftion with the examination to which attention should be drawTr ill this report in OTd¢r to enable a Proper UDdEr5tanthng olthe acCOts to b¢ Teach. IAN W SHIPLEY FCCA FOR AND Oli BEHAIF OF.. PRL,NTIS & CO J.I CHARTERED ACCOUNTANTS & INDEPENDENT EXAMtXERS 115c Milton R(iad Cambridge CB4 IXE 6rtN.
CHABAD LUBAVITCH OF CAmBRIE PAGE 4 FANCIAL STATEMENTS FOR THE YEAR ENDED 28TH FEBRUARY 2W25 STATEMENf OF FINLNCIAL ACTIVITIES Total Unrestricted 2025 Unrestricted 2024 Notes COMK Donations and grants Tuition lllv&simelll iD¢ome 199,428 17,732 17.253 63,864 5,495 16,531 85,890 TOTAL INCOME 234.413 EXPENDTtURE Clwitable adivities 233.OS4 98,697 TOTAL EXPENDfnJRE 233,054 98,697 NET SURPLUSI(DEFICAT) AND NET MOVEMEN[ IN FUNDS 1.359 {12,807) Re¢on¢iliation of Fuudy Totsl fijnds brought fotivard yo1 carrled forward 707.817 720,624 707,817 709,176 The notcs on pages 7 to I I foTm wt of thes¢ finallcial statements.
CTrIABAD LUBA VFfcH(JP CAMBRIDOE FTNANCtAL SJAIEMENIB FOR TIIE YFAR FDED 28TH FEBRUARY 2025 BALANCE SHEET 2025 2024 FIXED ASSETS 'rInbk fixed &ssel¥ IN48.682 T.Q43,435 CURIIENT ASSETS D¢biors Cash at battk 12,641 5.748 3,493 3,420 6.913 T(YfAL CURRENT AssErs 18,389 CREDITORS: nts Falling thK withitt OTte y¢ar Nrr CURRENT LIABILITIES TOTAL A&srr3 LESS CURRENT LIABltxriES 10 49.895 27.781 (31506) ,017.176 {20.868) ,022,567 CREDITOR&" 308.(100 314.750 NET ASSVT5 7Q9,176 707,817 THE FlIN1 OF TBe CHARITY Ullrestrictcd InennK futyls 12 709,176 707,¥17 TOTAL CHARITY FUNDS 709.176 707,817 Th¢ dire¢tOTS wusid¢r that the company ts ¢ntitled ts>tKenwtiwt the r¢quSEtThet*to ha¥e #a thit UDd¢r the Prov10$ of Sl0n 477{11 of thE Cfflwoie5 ACE 21M>6. Mcrnbers havenot t¢quired the tder Section 476 tsfth¢ C(xKpalliv5.4¢t 2UOA to obtsin an aydit forihc yttr ebded 28th Febrnary 2025. ThB directoEs acknowledge Ihcir rewsibillliots fw ¢nswiTrg that tht Lompo} kyepsaccounling re¥d5 K¥ht¢h cory)Iv with Section 386 and 3KI of th¢ coMpFe5 Ari 21K56 apd for prqwiTrg fjnEncial ststements which fa vieiv of the state of affai55 of as at 28th F¢btu8ry 2025 aTKI of ILS SttrpI fDT the )tJt theTr ended in accordwJ¢¢ with tlle requittments ol tction 396 ond which othm¥i8e with the reqEtirerncnts ofthe ActTel&in8 to the On8n£ial ststem¢ul$ Os far Js applic9ble to Iht tompany. Th¢ financittl slalEm¢nts, whicb b&Ye tvrthred in acco1 Wtth thc wuvÉ8ions to the ¢ompwi¢y 5ubi¢rt to the rowÉe5 regit¥ie wjthip P&rt IS of th¢ CoyDpaDi¢s A¢l2006. wetrapproved the beard on and gigned OEL it5 behf. RABBI DR A R LEIGFI TRUS'fliE 1¢ ttotss on page5 7 fo I l fi)rm part of finttncial statemeTtI
CHABAD LUBAV]TCH OF cmBRIDGE PAGE 6 FTNANCJAL STATEMENTS FOR THE YEAR ENDED 28TH FEBRUARY 2025 STATEMENT OF CASH FLOWS 2025 2024 Ca5b Ilow from opertAng 4¢tivitteg 14 15.997 (3,616) C$b flow from inv£4tillg aetiviti Pwch&se of fixed as5¢ts (13,669) Cbg4n%e ill easb and t8sb equivalents fin tbt yesr Cash and casb equivalents brought forward Cash and cash equivaknts c4rTied lon¥ard 2,328 3,420 (3,616) 7,036 5,748 3.420
CHABAD LUBAVITCH OF CAMBRIDGE PAGE 7 FINANCIAL STATEfvtENTS FOR THE YEAR ENDED 2¥fH FEBRiiARY 2025 NOTES TO THE FtNANCIAL STATEMENTS AccouNfiNG POLICIES 1.1 Bo$ls of preparation of fan¢111 statemeits Th¢ financial staterneors have been pr¢pth in accordance with Accounting and Reporting by Charitie5". StatCTnent of recomeDded prddice applhrnble to cbaTiti¢s preparing their accounts in accordan¢¢ with the Financial Reporting Standard app]icable ID the UK alld Republic of IrelaD(L (FRS 102) (efftctive 1st jllary 2019)- {Chwities SORP (FRS 102)A the Financial Reporting StarKl&rd applicable in tbe UK and Republic of Ireland (FRS 102) and the Cornpgnies Act 2W6. Chabad Lubaviich of Cambridge m¢¢ts the definition of a public ktnefit entity wider FRS 102. Assets and liabilities are inittally reClSed at histori¢al cost or IEPll5actii valu¢ ulllcss otherwise ststed Ithe relevant policy notc. 1.2 G(Jlng coDtrrn The aGcounts are prepared OD a going con¢¢rn basi4 andthe trustee5 CO81der this apwopriate. There net current liabiliti¢5 of £31,506 altbougb £18.505 of cuent liabi]itie5 rewesent a'soty lo} from one of its trustees. The charity relies on the colltillued 5UPPOrt of its doD¢)r5 and trust¢¢5 pDd consideT this supp)rt will contillU¢ in the Mediu term. There is a mortgag¢ oll tbe propety and it's r]ellt detsils are disclosed UDder Mote I l. IJ Fund aetouDti8 Gen¢rnl fimds are u]restrict¢d fimd5 wbich are awdi]able foT use at the discretion of the ttustee5 in furtberance of the g¢DErnI obj¢¢tives of the company wbich have not designated for oiheT purposes. Designated fuD(Lg comprise unreslricted finds that have been set aside by tbe trustees for patiicu]8rpurposes. Th¢ yim and use of each d¢sigllated fund is set out in the Dotes to the fij¢1 statements. Restrict£d full(Ls are fulld5 which ar¢ to be used in accordance with specific Testrictions imposed by donors wbicb hav¢ been rai8ed by the comkmny for particular purposes. The costs of Taising and adrniniskring such fuDds are charged aga5nSt the Stlfie fijnd. The aim aTMI use of eaoh restricted fimd is set out in the notesto the fllWKi8] stalemellts. Investment iDme, Bains aDd low aT¢ allocated to the yppropriate fun 1.4 Ineome Recognition All income is r¢cognised ID the ststem¢nl of financi activities wheD the company is legally entidcdtD the incorne and the amount can qualltified with regsonable ar. 1.5 Expenditure Retognitioll All expenditW¢ 15 8ccount for on an accrua]s basis and hL8 been included under expense categori¢$ that aggregate all costs for allation to activities. Witte costs caDllQt be directly attnl)uted to particular aclivitie9 they have be¢ll allocated on A basis cou5i5tent wth the use of the reyjurces. Governa1 costs those incUff ID Cont10 with administrntion ofthc COmY alld compliance witb cOtitittl0nal and statytory requir¢ments. Grants tmyable are tharged in the year when the offer is made exw)t in those cases where the offer 18 ODditionaL such grants being recognised as expejmliture wbett the conditions attachillg are fLLlfill¢d. Grants offeTed subject to ndItionS which have notbwimet atthe year end aJe note4J as a Con111( but not acGrued as expenditure.
CHABAD LUBAvrrcH OF cAMBRIE PAGE 8 FINANCIAL STATEMENTS FOR TKE YEAR ENDED 2¥fH FEBRUARY 2025 NOTES TO TAE FINANCIAL STATEfvfEFirs 1.6 Ta]wible rued a55ets alld depreciatio Tangible fLxed assets are stated at cosi less de[cIatiO. Lkprecialion 15 pmvided atrates LX]culated to write off the cost of fixed as5¢t% less their estimated re5idua] value, overtheir expethd useful lives on the following b&scs: Freehold proputy {Exeludxng value of th¢ land) Office equiptnent Fixture8 and fittings - 2V• Strat line - 25Q/o straight line - 20% straight line VOLbNIARY INCOME LDfe5trifted LTnrestricted Fund5 Funds 2025 2024 Donation5 {]ldl8 gift aid) 199,428 63,864 INVFSTMENf INCOME Totsl Total Unrestricted Unrestricted Fund5 Funds 2025 2024 Rental iDCOm£ 17,253 16.531 DIRECT COSTS Total Totsl Unrestricted Unrestricted 21r25 2024 RepaiT8 Heat and ligti Rates Travel subsistence Website and computer costs Telephone expense5 332 3,438 1,499 3,067 255 381 232 127,284 25,467 750 ,269 8,422 27.(KJO 21.017 2,706 7,097 2,388 450 214 5,453 1,417 3.395 2,118 322 966 Grts Interest on rnorlgage Bank charges Insurance DepreciallOIi Wages and salaTi&S Olltreach activities Cleaning Childcare Gov¢rnaDce costs (see note 5 on page 9) Room hire 25,139 594 1,073 8.949 18,5 22,366 1,148 5,529 1,514 233,054 98,697
CHABAD LUBAVtTCH OF CAMBRILfJE PAGE 9 FINANCIAL STATEEN[s FOR THE YEAR ENDED 2Th1 FEBRUARY 2025 NOTES TO THE FINANCIAL STATEMEMS GOVERNANCE COSTS Totsl Total Unrestricted UDTestricted Funds 2024 2025 AccountAncy fees Indendent exaTnillers fe Legal and wofessional fr¢s 533 1,448 407 1,514 2,388 1,Sl4 NET RESOURCLS EXPENDED This is stst¢d after charging: Depreciation of tallgil)le fixed assets.. - owned by charity dq*ndent exon)iners 2025 2024 8.422 1,448 8.949 1.514 STAFF C(KSTS Stsff costs weTe follows'.- Wages salories 2025 2024 27.( 18,500 The average monthly number of employees during the Was as follows:. 2025 2024 Admniistrattve No employee Aeceiv¢d remun10ll altIll8 to more thon £60,0. The key management perso1 of the charity conyis¢ the iKwd of trUstC. The total employee benefits of the key rnanag¢t Pg5omiel of the charity vas £14.1)(X) (2024: £7,500) paid to Rabbi Dr A R Leigh a trLtstee. R t£igh spous¢ of Rabbi Dr A R t£1 recei74ed remuDeralion atnountiDg to £13.(KK) (2024.. £11,000) TANGJBLE FIXED ASSETS YEAR ENDED 28TH FEBRUARY 2025 COST Ba]ce at 1st March 2024 Additions Fixths & Office Fittings EquipmeDt Freehold 1,030 13,669 4.768 1.111.009 ,116,807 13,669 ,130,476 Bhlance at 28th February 2025 DEPRECIATION Balance at 1st Mardh 2024 Charge for the year Ba1ce at 28th F¢brllary 2025 NET BOOK VALUE AT 28th February 2025 14.699 4.768 1,111,009 618 868 4,768 67,986 7,554 73,372 8,422 1,486 4,768 75,540 ,035.469 81,794 1,048,682 13,213
CHABAD LUBAVITCH OF CAMBRILE PAGE 10 FINANCIAL STATEMETrifs FOR THE YEAR ENDED 28TH FEBRUARY 2025 NOTES TO THE FINANCIAL STATETrAENTS TANGIBLE FIXKD ASSETS ...JconlinBtd YEAR ENDED 29TH FEBRUARY 2024 COST Ba18nce at 1st March 2023 aDd Ba]ance at 29th FebTuary 2024 DEPRECIATION Ba]ance at 1st Mar¢h 2023 Cbarge for the year Bala¢ at 29th February 2024 NET BK VALUE AT 29th Febnw 2024 Fixtures & Office FittsDgs Equipment Fre¢hold Property Totkl 1.030 4,768 I.111.9 1.116,807 412 206 3.579 1,189 4.768 60.432 7.554 64.423 8,949 618 67,986 73,372 412 1,043,023 1,043,435 All fixed &wts are used for ¢JiTed chaTitabk pur5. DEBTORS 2025 2024 12.641 3.493 io. CREDITORS AMOUKIS FALLING DUE WITHIN ONK YEAR 2025 2024 Accruajs Other creditors 1.635 48,260 1,673 26,108 49,895 27,781 ii. CREDITORS AMOurS FALUNG DUE AFTER ONE YEAR 2025 2024 Mortgage 308,0(M) 314,750 Th¢ mortgage a tUrIty date of 5th F¢bnY 2026, and is reYble after that date. The interest late is 2.9Yo ov¢r LIBOR. Se¢Itya$ been provided against the mi)rtgage on 37A C&8tle StrecL Cambridge. 12 STATEMENT OF FUNDS YEAR ENDED 2H FEBRUARY 2tr25 General Fpnd$ General Funds Brought FoTward IncotDe Expenditiue Fonvard 707,817 234,413 234,413 233,054 709,176 Totsl Unrestricted Funds 707.817 233.054 709.176 STATEMENT OF FUNDS YEAR ENDED 29IH FEBRUARY 2024 General Vun GEneI Funds Bmught FoThvaTd Income Expenditure Carried FoTward 720.624 85.890 98.697 707,817 Totsl Unr¢ytricted Funds 720.624 85.890 98.697 707,817
CHABAD LUBAVITCH OF CAMBRILKE PAGE 11 FINANCIAL STATEMENTS FOR THE YEAR ENDED 28TH FEBRUARY 2025 NOTES TO THE FINANCIAL STATEMENTS 13. AI%ALYSIS OF NET ASSETS BETWEEN Fuhlls Totsl UnTestriCted Unrestricted Funds 2025 2024 TaDgible fiKed Current assets Crediton due within one y¢ar Creditors due after one year ,048.682 1.043,435 18,389 6,913 149,895) (27,781) (308.000) (314,750) 709.176 707,817 14. RECONCILIATION OV NET MOVEMENT IN FLThDS TO NTT CASH FLOW FROM OPERATING ACTIV[Es 2025 2024 Net m0vertt in funds Add back d¢pT¢ci&tion JnbTcasel(decrease) in creditots Oncre&seydecrease ID debtors C&sh flow frojn LI)erati activitie5 1.359 8.422 15,364 (9,148) 15,997 (12,807) 8,949 3,172 (2,930) (3,616) i& RELATED PARTY DISCLOSURES During the year R Leith wifr of th]st¢e Rabbi Dr A R t2i8b ttceived a salary OD norn]al commercial tern)s and was r¢imbursed expeIeS (see Dote 7). 17. TRusfEE EXPENSES There were no trustee expenses duriDgthe y¢ar ellded 2025 or2024.