REGISTERED CHARITY NUMBER: 1172667
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
FOR
CHABAD TERROR VICTIMS PROJECT
DAS Accounting & Partners (UK) LLP 105 Eade Road OCC Building A 2nd Floor Unit 11a London N4 1TJ
CHABAD TERROR VICTIMS PROJECT
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Statement of Financial Activities | 3 | ||
| Balance Sheet | 4 | ||
| Notes to the Financial Statements | 5 | to | 8 |
| Detailed Statement of Financial Activities | 9 |
CHABAD TERROR VICTIMS PROJECT
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024
The trustees present their report with the financial statements of the charity for the year ended 31 December 2024. 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).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The objects of the charity is the relief of suffering and assistance of victims, and their families, of terror, war and natural disasters in Israel by means of provisions of necessities, financial, emotional, medical and practical aid and such other aid and assistance as may be necessary in furtherance of the said objects.
Public benefit
The trustees confirm their compliance with the duty to have due regard to the public benefit guidance published by the Charity Commission when reviewing the charity's aims and objectives and in planning future activities.
ACHIEVEMENTS AND PERFORMANCE
Charitable activities
During the year the charity did not commence its fundraising activities and therefore did not commence its charitable activities.
The trustees are confident that the charity will commence its charitable activities in the near future.
FINANCIAL REVIEW
Financial position
At 31 December 2024 the charity had unrestricted funds of £540 in deficit (2023: £540 in deficit).
Going concern
Notwithstanding the adverse financial position of the charity, the Financial Statements have been prepared in accordance with the accounting principles appropriate to a going concern, this being dependant upon the trustees' confidence that the charity will begin its charitable activities in the near future.
FUTURE PLANS
Although the charity has not yet began its fundraising activities, the trustees are looking forward to planned fundraising activities in the near future in order to to continue to pursue its charitable aims, whilst ensuring that the ability to generate sufficient income is maintained to achieve that end.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a foundation and constitutes a charitable incorporated organisation.
Recruitment and appointment of new trustees
As set out in the Constitution the number of trustees shall be not less than three and not more than five.
Apart from the first charity trustees, every trustee must be appointed by a resolution passed at a properly convened meeting of the charity trustees.
In selecting individuals for appointment as charity trustees, the charity trustees must have regard to the skills, knowledge and experience needed for the effective administration of the charity.
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CHABAD TERROR VICTIMS PROJECT
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT
Organisational structure
The day-to-day affairs of the charity are administered by the trustees.
None of the trustees have any beneficial interest in the charity. All trustees giver their time voluntarily and no benefit or expenses were paid to them in the year.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number
1172667
Principal address
51 Bridge Lane London NW11 0ED
Trustees
E Itzinger J I Zwiebel N Vogel
Approved by order of the board of trustees on 10 October 2025 and signed on its behalf by:
E Itzinger - Trustee
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CHABAD TERROR VICTIMS PROJECT
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024
| 2024 | 2023 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| INCOME AND ENDOWMENTS FROM | |||
| Donations and legacies | 540 | 1,134 | |
| EXPENDITURE ON | |||
| Charitable activities | |||
| Other | 540 | 540 | |
| NET INCOME | - | 594 | |
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | (540) | (1,134) | |
| TOTAL FUNDS CARRIED FORWARD | (540) | (540) |
The notes form part of these financial statements
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CHABAD TERROR VICTIMS PROJECT
BALANCE SHEET 31 DECEMBER 2024
| 2024 | 2023 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| CREDITORS | |||
| Amounts falling due within one year | 3 | (540) | (540) |
| NET CURRENT ASSETS/(LIABILITIES) | (540) | (540) | |
| TOTAL ASSETS LESS CURRENT | |||
| LIABILITIES | (540) | (540) | |
| NET ASSETS/(LIABILITIES) | (540) | (540) | |
| FUNDS | 4 | ||
| Unrestricted funds | (540) | (540) | |
| TOTAL FUNDS | (540) | (540) |
The financial statements were approved by the Board of Trustees and authorised for issue on 10 October 2025 and were signed on its behalf by:
E Itzinger - Trustee
The notes form part of these financial statements
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CHABAD TERROR VICTIMS PROJECT
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, 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 Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Critical accounting judgements and key sources of estimation uncertainty
In the application of the charity's accounting policies, the trustees are required to make judgments, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods
The trustees do not consider there are any critical judgments or sources of estimation uncertainty requiring disclosure beyond the accounting policies listed below.
Income
All income is included in the statement of financial activities when entitlement has passed to the charity, it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
- income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
Expenditure
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure is classified under headings of the statement of financial activities to which it relates:
-
expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
-
other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
The following specific policies are applied to particular categories of expenditure:
- grants and donations are recognised when paid.
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.
Governance costs
Governance costs include costs of the preparation and examination of Statutory Accounts, the costs of trustee meetings and cost of any legal advice to trustees on governance or constitutional matters.
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CHABAD TERROR VICTIMS PROJECT
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024
1. ACCOUNTING POLICIES - continued
Taxation
The charity is exempt from 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. There are no restricted funds as at the Balance Sheet date.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss
2. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2024 nor for the year ended 31 December 2023.
3. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
4.
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Other creditors | 540 | 540 | |
| MOVEMENT IN FUNDS | |||
| Net | |||
| movement | At | ||
| At 1.1.24 | in funds | 31.12.24 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | (540) | - | (540) |
| TOTAL FUNDS | (540) | - | (540) |
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CHABAD TERROR VICTIMS PROJECT
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024
4. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | Movement | |
|---|---|---|---|---|
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 540 | (540) | - | |
| TOTAL FUNDS | 540 | (540) | - | |
| Comparatives for movement in funds | ||||
| Net | ||||
| movement | At | |||
| At 1.1.23 | in funds | 31.12.23 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | (1,134) | 594 | (540) | |
| TOTAL FUNDS | (1,134) | 594 | (540) |
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 1,134 | (540) | 594 |
| TOTAL FUNDS | 1,134 | (540) | 594 |
continued...
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CHABAD TERROR VICTIMS PROJECT
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024
5. RELATED PARTY DISCLOSURES
No transactions with related parties were undertaken such as are required to be disclosed under FRS102.
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