Company Registration Number - 09146153
The Charity Registration Number is - 1170816
Jesbrow Foundation
Report and Accounts
31 March 2025
1
Jesbrow Foundation
The Charity Registration Number is - 1170816
Contents
| Page | ||
|---|---|---|
| Charity Information | 3 | |
| Trustees' Annual Report | 3 | |
| Statement of directors' responsibilities | 7 | |
| Independent Accountant's Report | 9 | |
| Funds Statements:- | ||
| Statement of Financial Activities | 11 | |
| Statement of Financial Activities - Prior Year statement | 11 | |
| Statement of total recognised gains and losses | 12 | |
| Movements in funds | 13 | |
| Revenue Funds | 13 | |
| Summary of Funds | 13 | |
| Income and Expenditure account | 14 | |
| Balance Sheet | 15 | |
| Notes to the accounts | 16 |
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Jesbrow Foundation
Company Registration Number - 09146153
Trustees' Annual Report for the year ended 31 March 2025
The Trustees present their Report and Accounts for the year ended 31 March 2025, which also comprises the Directors' Report required by the Companies Act 2006.
Reference and administrative details
The charity name.
The legal name of the charity is:- Jesbrow Foundation.
The charity's areas of operation and UK charitable registration.
The charity is registered in England & Wales with the Charity Commission in England & Wales (CCEW) with charity number 1170816.
The charity does not operate in any overseas jurisdictions.
Legal structure of the charity
The charity is constituted as a company limited by guarantee, registered under the Companies Act 2006. The governing document of the charity is the Memorandum and Articles of Association establishing the company under company legislation
The governing document is dated 15 November 2016
There are no restrictions in the governing documents on the operation of the Charity or on its investment powers other than those imposed by Charity Law.
By operation of law all, trustees are directors under the Companies Act 2006 and all directors are trustees under Charities legislation and have responsibilities, as such, under both company and charity legislation.
The trustees are all individuals.
The principal operating address, telephone number, email and web addresses of the charity are:-
14 Belvedere Court Lyttelton Road London N2 0AG Telephone 01202 789430
Email Address N/A Web address N/A
The registered office of the charity for Companies Act purposes is:-
Alum House
5 Alum Chine Road, Bournemouth
Dorset, BH4 8DT
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Jesbrow Foundation
Company Registration Number - 09146153
Trustees' Annual Report for the year ended 31 March 2025
The Trustees in office on the date the report was approved were:-
Rabbi A Jesner Mrs P Seal Mr C R A Nixon
The following persons served as Trustees during the year ended 31 March 2025 :-
The trustees who served as a trustee in the reporting period were as shown above, and there were no changes during the year, or in the period between the year end and the approval of the accounts.
All the trustees are also members of the charity.
Objects and activities of the charity
The purposes of the charity as set out in its governing document.
To advance education and relieve sickness and preserve the health for the benefit of the public, in particular but not exclusively disabled people, by providing funds as the Trustees see fit to further said objects.
The main activities undertaken in relation to those purposes during the year.
During the year the charity has made grants to sixteen different charities primarily to help prevent or provide relief from poverty as well as helping in other areas that benefit society as whole such as providing help at a very basic level for the provision of food and shelter via supporting other charitable organisations involved in relevant fields.
The main activities undertaken during the year to further the charity's purpose for the public benefit.
The trustees believe that by considering all applications from the public on a regular basis and providing financial help to carefully selected charitably organisations that work to benefit the public they operate within this definition. Financial assitance is made via funding registered charities with in the UK from donations and investment income. The trustees have had regard to the Charity Commission's guidance on public benefit in managing the activities of the charity.
The main achievements and performance of the charity during the year.
During the year the Jesbrow Foundation provided grants to sixteen charities totalling £54,000. The majority of the recepients were connected to the Jewish faith but there were funds provided to a wide range of good causes that benefit the public good including education, assistance alleviating hunger and providing shelter.
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Jesbrow Foundation
Company Registration Number - 09146153
Trustees' Annual Report for the year ended 31 March 2025
The difference the charity's performance during the year has made to the beneficiaries of the charity.
The funding provided to the sixteen charities who have received funding during the year has been of considerable help during a time when support for charities by the Government and the public has been significantly reduced due to the financial pressure caused by the current economic problems and the high level of inflation.
The degree to which the achievements and performance during the year have benefited wider society.
The trustees have supported a wide range of projects to help educate, support and protect vulnerable people, either directly or by helping those who provide this help, that otherwise would have fallen upon the state thus providing a real benefit to society as a whole.
Investment performance against the investment objectives.
Investment performance during the year was quite steady compared to the 2024 year which itself was an improvement on 2023 (in which investments had struggled due to the Russian invasion of Ukraine).
During the financial year the stockbroker noted that “ In the UK, equities have enjoyed a good run, with the main FTSE 100 index achieving an all-time high and remaining firmly above 8,000 points. ” The stockbroker also noted that it appeared that inflation was “ under control ”.
Also, in the words of the stockbroker “ Having a well-diversified portfolio across the major asset classes of fixed interest, equity and alternative investments remains good practice, with care taken as to individual stock selection, focusing on high quality businesses that can maintain market position with a strong balance sheet supportive of the dividend payout. ”
The charity currently holds mix of fixed interest, equity and alternative investments and the value of these has increased in during the financial year.
The Trustees continue to rely on professional advice from the stockbroker.
Structure, governance and management of the charity
The methods used to recruit and appoint new charity trustees.
It is a requirement for the charity to have between three and six trustees. New trustees are appointed by the board who have the necessary skills, experience and ethical beliefs to benefit the charity as a whole.
Bankers HSBC 59 Old Christchurch Road Bournemouth BH1 1EH Solicitors Laceys Solicitors 5 Poole Road Bournemouth BH2 5QL Investment advisors Farley & Thompson Pine Grange Bath Road Bounemouth BH1 2NU Accountants Simpson & Associates Accountants Ltd 5 Alum Chine Road Bournemouth BH4 8DT
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Jesbrow Foundation
Company Registration Number - 09146153
Trustees' Annual Report for the year ended 31 March 2025
Financial review
The charity's financial position at the end of the year ended 31 March 2025
The financial position of the charity at 31 March 2025 and comparatives for the prior period, as more fully detailed in the accounts, can be summarised as follows:-
| Total Funds Net income (deficit) Unrestricted Revenue Funds available for the general purposes of the charity |
2025 £ 64,165 2,071,860 2,071,860 |
2024 £ 73,939 2,007,695 2,007,695 |
|---|---|---|
Financial review of the position at the reporting date, 31 March 2025
The Trustees consider the financial performance of the charity this year to be steady compared to the 2024 year. Donations received were lower than 2024 (£234 compared to £5,025), but due to the infrequent nature of donations, this is not unusual. Investment income at £94,525 was only £1,290 lower than 2024. The charity achieved a net income of £64,165 compared to a surplus of £73,939 in 2024. Unrestricted funds are £2,071,860 at year end (compared to £2,007,695 in 2024). The charity spent £71,652 towards its charitable activities during the year.
Policies on reserves.
The charity's policy on reserves is to maintain sufficient funds in cash to provide at least six months funding in advance. Surplus funds are invested to provide an ongoing income with capital growth to try and off-set the financial risks associated with inflation so that it can continue with its aims and objectives into the future without reliance on raising donations.
Availability and adequacy of assets of each of the funds
The board of trustees is satisfied that the charity's assets in each fund are available and adequate to fulfil its obligations in respect of each fund.
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Jesbrow Foundation
Company Registration Number - 09146153
Trustees' Annual Report for the year ended 31 March 2025
Details of The Independent Examiner
Mr A Simpson FCA Member of the Institute of Chartered Accountants England & Wales
Simpson & Associates (Accountants) Ltd Alum House, 5 Alum Chine Road Bournemouth Dorset BH4 8DT
Statement of the Directors Trustees' Responsibilities
The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Companies Act 2006, the Charities Act 2011 and the Charities (Accounts and Reports) Regulations 2008. Notwithstanding the explicit requirement in the extant statutory regulations, the Charities (Accounts and Reports) Regulations 2008, to prepare the financial statements in accordance with the SORP 2005, in view of the fact that the SORP 2005 has been withdrawn, the Trustees determined to interpret this responsibility as requiring them to follow current best practice and prepare the accounts according to the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2019, applicable to all accounting periods beginning on or after 1st January 2019), (The SORP).
In particular, the Companies Act 2006 and charity law require the Board of Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of the surplus or deficit of the charity. In preparing those financial statements the Board is required to :-
-
to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).
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select suitable accounting policies and apply them consistently;
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make judgements and estimates that are reasonable and prudent;
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prepare the financial statements on the going concern basis unless it is inappropriate
to presume that the charity will continue in business;
- state whether applicable accounting standards and statements of
recommended practice have been followed, subject to any material
departures disclosed and explained in the financial statements;
The law requires that the trustees must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for the year.
The Trustees are also responsible for maintaining adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which are sufficient to show and explain the charity's transactions and enable them to ensure that the financial statements comply with the Companies Act 2006 and comply with regulations made under the Charities Act. 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 irregularities.
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Jesbrow Foundation
Company Registration Number - 09146153
Trustees' Annual Report for the year ended 31 March 2025
The Trustees are also responsible for the contents of the Trustees' report, and the statutory responsibility of the Independent Examiner in relation to the Trustees' report is limited to examining the report and ensuring that, on the face of the report, there are no material inconsistencies with the figures disclosed in the financial statements.
Method of preparation of accounts - Small company provisions
The financial statements are set out on pages 11 to 31.
The financial statements have been prepared implementing the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2019, applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), and in accordance with the Financial Reporting Standard 102, (effective 1st January 2016).
These financial statements have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006. applicable to companies subject to the small companies regime.
This report was approved by the board of trustees on 28 August 2025
SIGNED
Rabbi A Jesner Director and Trustee
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Jesbrow Foundation
Report of the Independent Examiner to the Trustees of the charitable company on the accounts for the year ended 31 March 2025
I report to the Trustees on my examination of the financial statements of the charitable company on pages 11 to 31 for the year ended 31 March 2025 which have been prepared in accordance with the Charities Act 2011 (the Act) and with the Financial Reporting Standard 102, (effective 1st January 2016) as modified by FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2019, applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), published by the Charity Commission in England & Wales (CCEW) , and under the historical cost convention and the accounting policies set out on pages 16 to 19.
Respective responsibilities of the Trustees and the Independent Examiner and the basis of the report
As described on page 7, you, the charitable company's Trustees, who are also the Directors of the Company for the purposes of Company law, are responsible for the preparation of the financial statements in accordance with the Companies Act 2006, the Charities Act 2011 and all other applicable law and with United Kingdom Generally Accepted Accounting Practice, applicable to smaller entities, and for being satisfied that the financial statements give a true and fair view.
The Trustees consider that the audit requirement of Section 144(1) of the Charities Act 2011 (the Act) does not apply, and that there is no requirement in the memorandum and articles of the charity for the conducting of an audit, and that the accounts do not require an audit in accordance with Part 16 of the Companies Act 2006 and that no member or members have requested an audit pursuant to Section 476 of the Companies Act 2006. As a consequence, the Trustees have elected that the financial statements be subject to independent examination.
Having satisfied myself that the financial statements are not required to be audited under any legal provision, or otherwise, and are eligible for independent examination, it is my responsibility to:-
a) examine the financial statements of the charity under Section 145 of the Act;
b) follow the applicable procedures in the Directions given by the Charity Commission under section 145(5)(b) of the Act.
Basis of Independent Examiner's Statement and scope of work undertaken
I report in respect of my examination of the charity's financial statements carried out under s145 of the Act. In carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act setting out the duties of an independent examiner in relation to the conducting of an independent examination. An independent examination includes a review of the accounting records kept by the charitable company and of the accounting systems employed by the charitable company and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from you, as Trustees, concerning such matters. The purpose of the examination is to establish as far as possible that there have been no breaches of charity legislation and that, on a test basis of evidence relevant to the amounts and disclosures made, the financial statements comply with the SORP.
The procedures undertaken do not provide all the evidence that would be required in an audit, and information supplied by the Trustees in the course of the examination is not subjected to audit tests or enquiries and does not cover all the matters that an auditor would consider in arriving at an opinion. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide
Consequently, I do not express an audit opinion on the view given by the financial statements, and in particular, I express no opinion as to whether the financial statements give a true and fair view of the affairs of the charity, and my report is limited to the matters set out in the statement below.
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Jesbrow Foundation
I planned and performed my examination so as to satisfy myself that the objectives of the independent examination are achieved and before finalising the report I obtained written assurances from the Trustees of all material matters.
Independent Examiner's Statement, Report and Opinion
Subject to the limitations upon the scope of my work as detailed above, I have completed my examination: and can confirm that:-
The accounts of this charitable company are not required to be audited under Part 16 of the Companies Act 2006;
This is a report in respect of an examination carried out under 145 of the Act and in accordance with Directions given by the Charity Commission under section 145(5)(b) of the Act which may be applicable;
and that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:-
accounting records were not kept in respect of the charity as required by Section 386 of the Companies Act 2006 and Section 130 of The Charities Act 2011;
the financial statements do not accord with those records; or
the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in section 396 of the Companies Act 2006 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;
have not been prepared in accordance with the methods and principles set out in the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2019, applicable to all accounting periods beginning on or after 1st January 2019), (The SORP).
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 financial statements to be reached.
Signed:-
Mr A Simpson FCA - Independent Examiner
Institute of Chartered Accountants England & Wales
Simpson & Associates (Accountants) Ltd Alum House, 5 Alum Chine Road Bournemouth Dorset BH4 8DT
This report was signed on 15 September 2025
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Jesbrow Foundation - Statement of Financial Activities for the year ended 31 March 2025
Statement of Financial Activities (including the Income and Expenditure Account for the year ended 31 March 2025, as required by the Companies Act 2006)
| Current Year Unrestricted Funds 2025 £ Income & Endowments from: Donations & Legacies A1 234 Investments A4 94,525 Total income A 94,759 Expenditure on: Charitable activities B2 71,652 Total expenditure B 71,652 Net gains on investments B4 41,059 Net income for the year 64,165 Net income after transfers A-B- 64,165 64,165 Reconciliation of funds:- E Total funds brought forward 2,007,695 Total funds carried forward 2,071,860 Net movement in funds S O R P |
Current Year Restricted Funds 2025 £ - - - - - - - - - - - |
Current Year Total Funds 2025 £ 234 94,525 94,759 71,652 71,652 41,059 64,165 64,165 64,165 2,007,695 2,071,860 |
Prior Year Total Funds 2024 £ 5,025 95,815 100,840 89,839 89,839 62,938 73,939 73,939 73,939 1,933,756 2,007,695 |
|---|---|---|---|
The 'SORP Ref' indicated above is the classification of income set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the Balance Sheet.
A Statement of Total Recognised Gains and Losses is included as a primary statement in these accounts.
All the prior year transactions were unrestricted items, and no further analysis is required
All activities derive from continuing operations
The notes attached on pages 16 to 31 form an integral part of these accounts.
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Jesbrow Foundation - Statement of Financial Activities for the year ended 31 March 2025
Statement of Total Recognised Gains and Losses for the year ended 31 March 2025
| Surplus for the year :- Income from operations before tax in the Statement of Financial Activities Realised gains (losses) on the disposal of investments Surplus as shown in the Income and Expenditure account Add/(deduct) non income and expenditure items:- Unrealised gains on investments Net Movement in funds before taxation Funds generated in the year as shown on Statement of Financial Activities Net excess of income over expenditure from operations before tax |
2025 £ 23,107 23,107 (36,647) (13,540) 77,705 64,165 64,165 |
2024 £ 11,001 11,001 - 11,001 62,938 73,939 73,939 |
|---|---|---|
Jesbrow Foundation - Resources applied in the year ended 31 March 2025 towards fixed assets for Charity use:-
| Funds generated in the year as detailed in the SOFA Net resources available to fund charitable activities |
2025 £ 64,165 64,165 |
2024 £ 73,939 73,939 |
|---|---|---|
The resources applied on fixed assets for charity use represents the cost of additions less proceeds of any disposals.
The notes attached on pages 19 to 31 form an integral part of these accounts.
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Jesbrow Foundation - Statement of Financial Activities for the year ended 31 March 2025
Movements in revenue and capital funds for the year ended 31 March 2025
Revenue accumulated funds
| Accumulated funds brought forward Closing revenue funds Summary of funds Revenue accumulated funds Recognised gains and losses before transfers |
Unrestricted Funds 2025 £ 2,007,695 64,165 2,071,860 2,071,860 Unrestricted and Designated Funds 2025 £ 2,071,860 |
Restricted Funds 2025 £ - - - - Restricted Funds 2025 £ - |
Total Funds 2025 £ 2,007,695 64,165 2,071,860 2,071,860 Total Funds 2025 £ 2,071,860 |
Last year Total Funds 2024 £ 1,933,756 73,939 2,007,695 2,007,695 Last Year Total Funds 2024 £ 2,007,695 |
|---|---|---|---|---|
The notes attached on pages 16 to 31 form an integral part of these accounts.
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Jesbrow Foundation - Statement of Financial Activities for the year ended 31 March 2025
Jesbrow Foundation
Income and Expenditure Account for the year ended 31 March 2025 as required by the Companies Act 2006
| Income Income from operations Income from investments, other than interest receivable Interest receivable Gross income in the year before exceptional items Gross income in the year including exceptional items Expenditure Charitable expenditure, excluding depreciation and amortisation Governance costs Total expenditure in the year Retained surplus for the financial year Net income after tax in the financial year Net income before tax in the financial year Investment income |
2025 £ 234 88,180 6,345 94,759 94,759 70,452 1,200 71,652 23,107 23,107 23,107 |
2024 £ 5,025 89,793 6,022 100,840 100,840 88,639 1,200 89,839 11,001 11,001 11,001 |
|---|---|---|
All activities derive from continuing operations
In accordance with the provisions of the Companies Act 2006, the headings and subheadings used in the Income and Expenditure account have been adapted to reflect the special nature of the charity's activities.
The notes attached on pages 16 to 31 form an integral part of these accounts.
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Jesbrow Foundation - Balance Sheet as at 31 March 2025
| SORP | ||||||
|---|---|---|---|---|---|---|
| Note | Ref | 2025 | 2024 | |||
| £ | £ | |||||
| Fixed assets | A | |||||
| Investments held as fixed assets | 8 | A4 | 2,010,972 | 1,968,830 | ||
| Current assets | B | |||||
| Cash at bank and in hand | B4 | 67,031 | 45,011 | |||
| Creditors: amounts falling due within one | ||||||
| year | 9 | C1 | (6,143) | (6,146) | ||
| Net current assets | 60,888 | 38,865 | ||||
| The total net assets of the charity | 2,071,860 | 2,007,695 | ||||
| The total net assets of the charity are funded by the | funds of | the charity, as | follows:- | |||
| Restricted funds | ||||||
| Unrestricted Funds | - | - | ||||
| Unrestricted Revenue Funds | 13 | D3 | 2,071,860 | 2,007,695 | ||
| Designated Funds | 2,071,860 | 2,007,695 | ||||
| Total charity funds | 2,071,860 | 2,007,695 | ||||
| The 'SORP Ref' indicated above is the classification of | Balance Sheet items as set out in the formal SORP documents. As | |||||
| required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the SOFA. |
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The charity is subject to Independent Examination under charity legislation, and the report of the Independent Examiner is on page 9.
The financial statements have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006. applicable to companies subject to the small companies regime.
SIGNED:
Rabbi A Jesner
Trustees
Approved by the board of trustees on 28 August 2025
The notes attached on pages 16 to 31 form an integral part of these accounts.
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Jesbrow Foundation
Notes to the Accounts for the year ended 31 March 2025
1 Accounting policies
Policies relating to the production of the accounts.
Basis of preparation and accounting convention
The accounts have been prepared on the accruals basis, under the historical cost convention, and in accordance with the Financial Reporting Standard 102, (effective 1st January 2016) and 'FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2019, applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), published by the Charity Commission in England & Wales (CCEW) , and in accordance with all applicable law in the charity's jurisdiction of registration, except that the charity has prepared the financial statements in accordance with the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2019, applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), in preference to the previous SORP, the SORP 2005, which has been withdrawn, notwithstanding the fact that the extant statutory regulations, the Charities (Accounts and Reports) Regulations 2008 refer explicitly to the SORP 2005. This has been done to accord with current best practice.
Going Concern
The charitable activities are entirely dependent on continuing investment income and voluntary donations. As a consequence, the going concern basis is dependent on the future flow of these uncertain funding streams. Accordingly, the Trustees have obtained forecasts and, after reviewing the financial forecasts for future periods to 31 March 2026, the Trustees are satisfied that, at the time of approving the financial statements, it is appropriate to adopt the going concern basis in preparing the financial statements. Other than these matters, the Trustees are not aware of any material uncertainites about the charity's ability to continue as a going concern.
Risks and future assumptions
The charity is a public benefit entity.
Policies relating to categories of income and income recognition.
Nature of income
Gross income represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Categories of Income
Income is categorised as income from exchange transactions (contract income) and income from non-exchange transactions (gifts), investment income and other income.
Income from exchange transactions is received by the charity for goods or services supplied under contract or where entitlement is subject to fulfilling performance related conditions. The income the charity receives is approximately equal in value to the goods or services supplied by the charity to the purchaser.
Income from a non-exchange transaction is where the charity receives value from the donor without providing equal value in exchange, and includes donations of money, goods and services freely given without giving equal value in exchange.
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Jesbrow Foundation
Notes to the Accounts for the year ended 31 March 2025
Income recognition
Income, whether from exchange or non exchange transactions, is recognised in the statement of financial activities (SOFA) on a receivable basis, when a transaction or other event results in an increase in the charity’s assets or a reduction in its liabilities and only when the charity has legal entitlement, the income is probable and can be measured reliably.
Dividends are accrued when the shareholder’s right to receive payment is established.
Income subject to terms and conditions which must be met before the charity is entitled to the resources is not recognised until the conditions have been met.
All income is accounted for gross, before deducting any related fees or costs.
Accounting for deferred income and income received in advance
Where terms and conditions relating to income have not been met or uncertainty exists as to whether the charity can meet any terms or conditions otherwise within its control, income is not recognised but is deferred as a liability until it is probable that the terms or conditions imposed can be met.
Any grant that is subject to performance-related conditions received in advance of delivering the goods and services required by that condition, or is subject to unmet conditions wholly outside the control of the recipient charity, is accounted for as a liability and shown on the balance sheet as deferred income. Deferred income is released to income in the reporting period in which the performance-related or other conditions that limit recognition are met.
When income from a grant or donation has not been recognised due to the conditions applying to the gift not being wholly within the control of the recipient charity, it is disclosed as a contingent asset if receipt of the grant or donation is probable once those conditions are met.
Where time related conditions are imposed or implied by a funder, then the income is apportioned to the time periods concerned,and, where applicable, is accounted for as a liability and shown on the balance sheet as deferred income. When grants are received in advance of the expenditure on the activity funded by them, but there are no specific time related conditions, then the income is not deferred.
Any condition that allows for the recovery by the donor of any unexpended part of a grant does not prevent recognition of the income concerned, but a liability to any repayment is recognised when repayment becomes probable.
Income from legacies
Income from legacies is recognised when the charity has sufficient evidence that a gift has been left to them, that where required, probate has been granted, the executor is satisfied that the property in question will not be required to satisfy claims in the estate, that it is probable that the amount will be received by the charity, and the amount to be received can be estimated with sufficient accuracy, and that any conditions attached to the legacy are either within the control of the charity or have been met.
Where a payment is received from an estate or is notified as receivable by the executors after the reporting date and before the accounts are authorised for issue but it is clear that the payment had been agreed by the executors prior to the end of the reporting period, then the amount concerned is treated as an adjusting event and accrued as income in the accounting period if receipt is probable.
Where the charity has established entitlement to a legacy but there is uncertainty as to the amount of the payment, details of the legacy are disclosed as a contingent asset until the criteria for income recognition are met. Where a legacy is subject to the interest of a life tenant, the legacy is not recognised as income until the death of the life tenant.
If it is doubtful that full settlement of a legacy debtor will be received, then an adjustment is made to reduce the amount of the legacy debtor and legacy income rather than charging the adjustment as expenditure in the Statement of Financial Activities.
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Jesbrow Foundation
Notes to the Accounts for the year ended 31 March 2025
Policies relating to expenditure on goods and services provided to the charity.
Recognition of liabilities and expenditure
A liability, and the related expenditure, is recognised when a legal or constructive obligation exists as a result of a past event, and when it is more likely than not that a transfer of economic benefits will be required in settlement, and when the amount of the obligation can be measured or reliably estimated.
Liabilities arising from future funding commitments and constructive obligations, including performance related grants, where the timing or the amount of the future expenditure required to settle the obligation are uncertain, give rise to a provision in the accounts, which is reviewed at the accounting year end. The provision is increased to reflect any increases in liabilities, and is decreased by the utilisation of any provision within the period, and reversed if any provision is no longer required. These movements are charged or credited to the respective funds and activities to which the provision relates.
Policies relating to assets, liabilities and provisions and other matters.
Fixed Asset Investments
Fixed asset investments in quoted shares, traded bonds, investment properties and similar investments are shown initially at cost upon acquisition and at their market value at the balance sheet date at the end of the financial period. Investment properties are not depreciated.
Fixed asset investments in unlisted equities are shown at the balance sheet date at the best estimate of their market value, where practicable. Where valuation techniques are considered unreliable or where, in the opinion of the trustees, the costs outweigh the benefits to the users of the accounts, the investment is included at cost, and a review is undertaken at each year end as to whether the asset should be written down.
All gains on fixed asset investments, whether realised or unrealised, are included in row B4 of the Statement of Financial Activities.
Accounting for capital grants and fixed asset funds.
Gifts of tangible fixed assets or grants of a capital nature, given for the purposes of acquiring specific assets to be fully utilised in the furtherance of the objects of the charity, are credited to fixed asset funds after the donated asset has been received or sums have been properly expended on the restricted purpose.
Where the terms of the gift require the charity to hold the asset on an ongoing basis for a specific purpose, then the fixed asset fund so created is categorised as a restricted fixed asset fund, and the relevant restrictions are noted in the fixed asset note.
Where the terms of the gift are met once the asset is acquired, so allowing the charity to use the asset on an unrestricted basis, including the right to receive the proceeds of any future sale of the asset on an unrestricted basis, then the fixed asset fund so created is categorised as a designated fixed asset fund.
When assets are acquired for the furtherance of the charity's objects, utilising the charity's own unrestricted funds, a transfer is made from unrestricted funds to a designated fixed asset fund.
Whether acquired with unrestricted or restricted funds, the asset acquired is initially shown in the balance sheet at the full cost of acquisition or subsequent revaluation.
As the related assets are depreciated, in accordance with the depreciation policy, in order to reflect the dimunition in the asset, a transfer is made from the relevant fixed asset funds to either unrestricted or restricted revenue funds, as appropriate to the terms of the original gift, if any.
The effect of this policy is that the aggregate of all fixed asset funds shall equate to the net book value of fixed assets.
18
Jesbrow Foundation
Notes to the Accounts for the year ended 31 March 2025
In the first year that this policy was adopted, a transfer to fixed asset funds was made equivalent to the net book value of the assets.
Any residual liability to the donor arising from, for example, the asset's future sale, is disclosed as a contingent liability unless the event that would trigger repayment of the grant becomes probable in which case a liability for repayment is recognised.
Insofar as this policy relates to Government grants and to the extent that it may be a departure from the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2019, applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), such departure is justified on the basis that it is in order to comply with the SORP.
Debtors
Debtors are measured at their recoverable amounts at the balance sheet date.
Creditors and provisions
Creditors and provisions for liabilities and charges are recognised and measured in the accounts on the basis of when they fall due.
Financial instruments including cash and bank balances
Cash held by the charity is included at the amount actually held and counted at the year end. Bank balances, whether in credit or overdrawn, are shown at the amounts properly reconciled to the bank statements.
All financial assets and liabilities measured at fair value, the basis for determining fair value is from the reports received from our stock broker.
Fund Accounting
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.
There are no designated funds.
There are no restricted funds.
There are no endowment funds.
2 Liability to taxation
The Trustees consider that the charity satisfies the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 for UK corporation tax purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by chapter 3 part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively on the specific charitable objects of the charity and for no other purpose. Value Added Tax is not recoverable by the charity, and is therefore included in the relevant costs in the Statement of Financial Activities.
3 Winding up or dissolution of the charity
If upon winding up or dissolution of the charity there remain any assets, after the satisfaction of all debts and liabilities, the assets represented by the accumulated fund shall be transferred to some other charitable body or bodies having similar objects to the charity.
19
Jesbrow Foundation
Notes to the Accounts for the year ended 31 March 2025
4 Significance of financial instruments to the charity's position
There are no financial instruments to affect the charity's financial position or performance.
| 5 Investment gains Current Year Current Year Unrestricted Funds 2025 £ Realised gains/(losses) Listed investments (36,647) Total realised gains/(losses) (36,647) Unrealised gains /(losses) and writing down of carrying values Listed investments - Unrealised 77,705 Total unrealised gains/(losses) etc 77,705 Total realised and unrealised gains 41,059 All the gains and losses in the prior year was unrestricted. Prior year Prior Year Unrestricted Funds 2024 £ Realised gains/(losses) Listed investments - Total realised gains/(losses) - Unrealised gains /(losses) and writing down of carrying values Listed investments - Unrealised 62,938 Total unrealised gains/(losses) etc 62,938 Total realised and unrealised gains 62,938 |
Current Year Restricted Funds 2025 £ - - - - - Prior Year Restricted Funds 2024 £ - - - - - |
Current Year Total Funds 2025 £ (36,647) (36,647) 77,705 77,705 41,059 Prior Year Total Funds 2024 £ - - 62,938 62,938 62,938 |
Prior Year Total Funds 2024 £ - - 62,938 62,938 62,938 |
|---|---|---|---|
6 The contribution of volunteers
The charity does not depend on the support of volunteers.
20
Jesbrow Foundation
Notes to the Accounts for the year ended 31 March 2025
7 Remuneration and payments to Trustees and persons connected with them
No trustees or persons connected with them received any remuneration from the charity, or any related entity.
8 Investments held as fixed assets
| Carrying values of investments At 1 April 2024 Additions Revaluation at 31 March 2024 Disposals At 31 March 2025 Analysis between fair value and historical cost Investments as above held at fair value 9 Creditors: amounts falling due within one year Trade creditors Accruals Corporation tax 10 Income and Expenditure account summary At 1 April 2024 Surplus after tax for the year At 31 March 2025 |
Investments in Subsidiaries £ - - - - - - |
Listed Investments £ 1,350,052 - 17,823 - 1,367,875 1,367,875 |
Other Classes of Investment £ 618,778 185,435 59,882 (220,998) 643,097 643,097 2025 £ - 6,108 35 6,143 2025 £ 2,007,695 64,165 2,071,860 |
Total £ 1,968,830 185,435 77,705 (220,998) 2,010,972 2,010,972 2024 £ - 6,111 35 6,146 2024 £ 1,933,756 73,939 2,007,695 |
|---|---|---|---|---|
11 No related party transactions
There were no transactions with related parties in the year.
21
Jesbrow Foundation
Notes to the Accounts for the year ended 31 March 2025
12 Particulars of how particular funds are represented by assets and liabilities
| At 31 March 2025 Investments at valuation:- Fixed asset investments Current Assets Current Liabilities At 31 March 2024 Investments at valuation:- Fixed asset investments Current Assets Current Liabilities |
Unrestricted Funds £ 2,010,972 67,031 (6,143) 2,071,860 Unrestricted Funds £ 1,968,830 45,011 (6,146) 2,007,695 |
Designated Funds £ - - - Designated Funds £ - - - - |
Restricted Funds £ - - - - Restricted Funds £ - - - - |
Total Funds £ 2,010,972 67,031 (6,143) 2,071,860 Total Funds £ 1,968,830 45,011 (6,146) 2,007,695 |
|---|---|---|---|---|
13 Change in total funds over the year as shown in Note 12 , analysed by individual funds
| Unrestricted and designated funds:- Unrestricted Revenue Funds Total unrestricted and designated funds Total charity funds |
Funds brought forward From 2024 £ 2,007,695 2,007,695 2,007,695 |
Movement in funds in 2025 See Note 14 £ 64,165 64,165 64,165 |
£ - - - Transfers between funds in 2025 |
Funds carried forward to 2026 £ 2,071,860 2,071,860 2,071,860 |
|---|---|---|---|---|
14 Analysis of movements in funds over the year as shown in Note 13
| Unrestricted and designated funds:- Unrestricted Revenue Funds |
Income 2025 £ 94,759 94,759 |
Expenditure 2025 £ (71,652) (71,652) |
Other Gains & Losses 2025 £ 41,059 41,059 |
Movement in Funds 2025 £ 64,165 64,165 |
|---|---|---|---|---|
Gains and losses are detailed in note 5
22
Jesbrow Foundation
Notes to the Accounts for the year ended 31 March 2025
15 The purposes for which the funds as detailed in note 13 are held by the charity are:-
Unrestricted and designated funds:- Unrestricted Revenue Funds These funds are held for the meeting the objectives of the charity, and to provide reserves for future activities, and, subject to charity legislation, are free from all restrictions on their use. Unrestricted Revaluation Reserve This fund represents the unrestricted surplus arising on the revaluation of the charity's assets.
16 Ultimate controlling party
The charity is under the control of its legal members.
Every member of the charity is obliged to contribute such amount as may be required not exceeding £1 to the assets of the company in the event of its being wound up while he or she is a member, or within one year after he or she ceases to be a member.
23
Jesbrow Foundation
Detailed analysis of income and expenditure for the year ended 31 March 2025 as required by the SORP 2015
This analysis is classsified by conventional nominal descriptions and not by activity.
| 17 Donations, Grants and Legacies Donations and gifts from individuals Total Donations, Grants and Legacies Total Donations, Grants and Legacies A1 18 Investment income Property Income Dividend Income Bank Interest Receivable Non Bank interest receivable Overseas Dividends Overseas Interest Total investment income A4 Small donations individually less than £1000 The Goldberg Foundation Total donations and gifts from individuals |
Current Year Unrestricted Funds 2025 £ 234 - 234 234 Current Year Unrestricted Funds 2025 £ 6,130 52,873 196 6,149 23,997 5,180 94,525 |
Current Year Restricted Funds 2025 £ - - - - Current Year Restricted Funds 2025 £ - - - - - - - |
Current Year Total Funds 2025 £ 234 - 234 234 Current Year Total Funds 2025 £ 6,130 52,873 196 6,149 23,997 5,180 94,525 |
Prior Year Total Funds 2024 £ 25 5,000 5,025 5,025 Prior Year Total Funds 2024 £ 2,683 56,540 6 6,016 25,942 4,627 95,814 |
|---|---|---|---|---|
19 Expenditure on charitable activities- Grant funding of activities
| Current Year Total grantmaking costs B2c Grants made to organisations |
Current Year Unrestricted Funds 2025 £ 54,000 54,000 |
Current Year Restricted Funds 2025 £ - - |
Current Year Prior Year Total Funds Total Funds 2025 2024 £ £ 54,000 72,730 54,000 72,730 |
|---|---|---|---|
24
Jesbrow Foundation
Detailed analysis of income and expenditure for the year ended 31 March 2025 as required by the SORP 2015
| Current Year Chevras Mo'oz Ladol - Society for Social Support Support the Charity Worker Mifal Tzedoko Vochesed Ltd Chabad - South London Chabad - South London The Chicken Soup Shelter The Sunderland Kolel The Sunderland Kolel The Chicken Soup Shelter Bournemouth Sephardi Association Nishmas Yisroel Side bv Side British Emunah for Rochelle Selby's team Donation Nishmas Yisroel Nishmas Yisroel British Emunah Fund Kolel Shomrei Hachomothi Bournemouth Golda Emunah Donation Breakdown of grants made to organisations |
Current Year Unrestricted Funds 2025 £ 15,000 10,000 9,000 2,500 2,500 2,000 2,000 2,000 2,000 1,000 1,000 1,000 1,000 850 540 500 500 360 150 100 54,000 |
Current Year Restricted Funds 2025 £ - - - - - - - - - - - - - - - - - - - - - |
Current Year Total Funds 2025 £ 15,000 10,000 9,000 2,500 2,500 2,000 2,000 2,000 2,000 1,000 1,000 1,000 1,000 850 540 500 500 360 150 100 54,000 |
|---|---|---|---|
25
Jesbrow Foundation
Detailed analysis of income and expenditure for the year ended 31 March 2025 as required by the SORP 2015
| Breakdown of grants made to organisations Prior Year Chasdei Sorele Care All Limited Chasde Sorele Edupoor Limited Jesbrow Foundation Support the Charity Worker Support the Charity Worker Keren Chochmas Shloma Trust Keren Shmuel Shir Chesed Beis Yisroel Dayan P Toledano Charitable Trust Chabad - South London Chicken Soup Shelter The Sunderland Kolel Side by side Bournemouth Sephardi Association British Emunah Fund Camp Simcha UOHC Ltd Friends of Lubavitch Scotland BHNY Previous year donation unpresented |
Prior Year Unrestricted Funds 2024 £ 10,000 7,000 7,000 7,000 7,000 6,000 5,000 5,000 5,000 3,000 2,500 2,000 2,000 1,000 1,000 1,000 1,000 300 250 180 (500) 72,730 |
Prior Year Restricted Funds 2024 £ - - - - - - - - - - - - - - - - - - - - - - |
Prior Year Total Funds 2024 £ 10,000 7,000 7,000 7,000 7,000 6,000 5,000 5,000 5,000 3,000 2,500 2,000 2,000 1,000 1,000 1,000 1,000 300 250 180 (500) 72,730 |
|---|---|---|---|
Grant funding is made via charitable organisations to supports aims. Funding has been provided to support projects that provide support and relief for education, shelter, food, support for those undertaking these projects and preservation of the Jewish faith and heritage.
26
Jesbrow Foundation
Detailed analysis of income and expenditure for the year ended 31 March 2025 as required by the SORP 2015
20 Support costs for charitable activities
| Current Year Administrative overheads Total support costs - Current Year Bank charges Other legal and professional Accountancy fees other than examination or audit fees Travel Insurance Stationery and printing |
Current Year Unrestricted Funds 2025 £ 91 204 142 4,984 9,960 1,071 16,452 |
Current Year Restricted Funds 2025 £ - - - - - - - |
Current Year Total Funds 2025 £ 91 204 142 4,984 9,960 1,071 16,452 |
Prior Year Total Funds 2024 £ - 204 - 6,119 9,518 68 15,909 |
|---|---|---|---|---|
All the expenditure in the prior year was unrestricted.
The basis of allocation of costs between activities is described under accounting policies
21 Other Expenditure - Governance costs
| Current Year Independent Examiner's fees Total Governance costs |
Current Year Unrestricted Funds 2025 £ 1,200 1,200 |
Current Year Restricted Funds 2025 £ - - |
Current Year Total Funds 2025 £ 1,200 1,200 |
Prior Year Total Funds 2024 £ 1,200 1,200 |
|---|---|---|---|---|
All the expenditure in the prior year was unrestricted.
27
Jesbrow Foundation
Detailed analysis of income and expenditure for the year ended 31 March 2025 as required by the SORP 2015
22 Total Charitable Expenditure
| Current Year Total grant making costs B2c Total support costs B2d Total governance costs B2e Total charitable expenditure B2 All the expenditure in the prior year was unrestricted. Prior Year Total grant making costs B2c Total support costs B2d Total governance costs B2e Total charitable expenditure B2 |
Current Year Unrestricted Funds 2025 £ 54,000 16,452 1,200 71,652 Prior Year Unrestricted Funds 2024 £ 72,730 15,909 1,200 89,839 |
Current Year Restricted Funds 2025 £ - - - - Prior Year Restricted Funds 2024 £ - - - - |
Current Year Total Funds 2025 £ 54,000 16,452 1,200 71,652 Prior Year Total Funds 2024 £ 72,730 15,909 1,200 89,839 |
Prior Year Total Funds 2024 £ 72,730 15,909 1,200 89,839 |
|---|---|---|---|---|
28
Jesbrow Foundation
Activity analysis of Income and Expenditure for the for the year ended 31 March 2025
This analysis is classsified by activity and not by conventional nominal descriptions.
23 Analysis of income by activity
| SOFA ref Summary of Total Income, including the items above Donations & legacies A1 Investment income A4 Total income as shown in the SOFA A Categories of income Income from exchange transactions Activity |
2025 £ 234 94,525 94,759 94,759 |
2024 £ 5,025 95,815 100,840 100,840 |
|---|---|---|
24 Analysis of charitable expenditure by activity
| Grant Making Administrative overheads Professional fees Financial costs Grant making costs Total Grant Making Activity |
Direct Costs 2025 £ - - - - - |
Support Costs 2025 £ 437 14,944 1,071 - 16,452 |
Grant funding of activities 2025 £ - - - 54,000 54,000 |
Total 2025 £ 437 14,944 1,071 54,000 70,452 |
Total 2024 £ 204 15,637 68 72,730 88,639 |
|---|---|---|---|---|---|
29
Jesbrow Foundation
Activity analysis of Income and Expenditure for the for the year ended 31 March 2025
Summary of charitable costs by activity
| Total grant making Total charitable expenditure Total governance costs as detailed in Note 21 |
Direct Costs 2025 £ - - - |
Support Costs 2025 £ 16,452 1,200 17,652 |
Grant funding of activities 2025 £ 54,000 - 54,000 |
Total 2025 £ 70,452 1,200 71,652 |
Total 2024 £ 88,639 1,200 89,839 |
|---|---|---|---|---|---|
The basis of allocation of costs between activities is described under accounting policies The breakdown of this expenditure by type of spending (ie nominal classification) is detailed in note 22
Analysis of support and governance costs by charitable activities
| Governance Activity Grant making Other charitable activities 1,200 Grand Total 1,200 Summary of grant making by activity Grants to Institutions 2025 £ Grant making 54,000 54,000 |
Finance 1,071 - 1,071 Grants to Individuals 2025 £ - - |
Human Resources - - - Support Costs 2025 £ - |
Other Overheads 15,381 - 15,381 Total 2025 £ 54,000 54,000 |
Total 16,452 1,200 17,652 Total 2024 £ 72,730 72,730 |
|---|---|---|---|---|
Fuller details of grants made and related costs, including support costs, are shown in note 19.
30
Jesbrow Foundation
Activity analysis of Income and Expenditure for the for the year ended 31 March 2025
25 Analysis of non charitable expenditure by activity
| Governance costs Other Expenditure - Governance costs as detailed in Note 21 |
Governance Costs 2025 £ 1,200 |
Governance Costs 2024 £ 1,200 |
|---|---|---|
31