**REGISTERED CHARITY NUMBER: 1174116**
## **REPORT OF THE TRUSTEES AND**
**UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024**
## **FOR**
## **OV VOAIM CHARITY CHARITY INCORPORATED ORGANISATION (C.I.O)**
Venitt and Greaves Chartered Accountants 115 Craven Park Road South Tottenham London N15 6BL
**OV VOAIM CHARITY CHARITY INCORPORATED ORGANISATION (C.I.O)**
## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024**
|||**Page**||
|---|---|---|---|
|**Report of the Trustees**|1|to|2|
|**Statement of Financial Activities**||3||
|**Statement of Financial Position**||4||
|**Notes to the Financial Statements**|5|to|8|
|**Detailed Statement of Financial Activities**||9||
## **OV VOAIM CHARITY CHARITY INCORPORATED ORGANISATION (C.I.O)**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2024**
The trustees present their report with the financial statements of the charity for the year ended 30 April 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 advancement of the Orthodox Jewish religion,Orthodox Jewish education and education in general. The relief of poverty, sickness and infirmity for the public benefit.
## **Public benefit**
The trustees confirm that they have referred to the guidance contained in the charity commission's general guidance on public benefit when reviewing the charity's aim and objectives and in planning future activities and setting the grant making policy for the year.
The charity was set up to support the activities of religious Jewish organisations especially in the field of education. The trustees identify institutions and organisations which meet its criteria and regularly support a number of these institutions and organisations, which themselves are growing not only in England but also worldwide.
## **Grantmaking**
Grants are made at the discretion of the trustees and in accordance with the principal objectives of the charity.
## **ACHIEVEMENT AND PERFORMANCE**
## **Charitable activities**
The charity received donations totalling £12,000 (2023 - £10,000). Grants to other charities amounted to £11,000 (2023 - £12,000).
## **FINANCIAL REVIEW**
## **Reserves policy**
The reserves policy is to ensure that there is a sufficient stream of income to meet the working capital of the charity.
## **FUTURE PLANS**
There are no current plans to change the activities or modus operandi in the foreseeable future.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The Charity is a Charitable Incorporated Organisation (CIO), registered with the Charity Commission and governed by its constitution dated 3rd August 2017.
## **Recruitment and appointment of new trustees**
It is not currently the intention of the trustees of the charity to appoint new trustees. Should this situation change in the future, the trustees will apply suitable recruitment and training procedures.
## **Related parties**
During the year charity received donation from Silverace Properties Ltd.,
## **Risk management**
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Registered Charity number**
1174116
Page 1
## **OV VOAIM CHARITY CHARITY INCORPORATED ORGANISATION (C.I.O)**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2024**
**Principal address** 64 Fairholt Road London N16 5HN
## **Trustees**
G BENEDIKT MRS M SPIRA S SPIRA
Approved by order of the board of trustees on 6 February 2025 and signed on its behalf by:
G BENEDIKT - Trustee
Page 2
## **OV VOAIM CHARITY CHARITY INCORPORATED ORGANISATION (C.I.O)**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 APRIL 2024**
|30.4.24
Unrestricted
fund
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
12,000
**EXPENDITURE ON**
**Charitable activities**
Advancement of Education
11,000
Other
540
**Total**
11,540
**NET INCOME/(EXPENDITURE)**
460
**RECONCILIATION OF FUNDS**
Total funds brought forward
127,344
**TOTAL FUNDS CARRIED FORWARD**
127,804|30.4.23
Total
funds
£
10,000
12,000
540
12,540
(2,540)
129,884
127,344|
|---|---|
The notes form part of these financial statements
Page 3
## **OV VOAIM CHARITY CHARITY INCORPORATED ORGANISATION (C.I.O)**
## **STATEMENT OF FINANCIAL POSITION 30 APRIL 2024**
|30.4.24
Unrestricted
fund
Notes
£
**CURRENT ASSETS**
Investments
4
124,559
Cash at bank
3,785
128,344
**CREDITORS**
Amounts falling due within one year
5
(540)
**NET CURRENT ASSETS**
127,804
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
127,804
**NET ASSETS**
127,804
**FUNDS**
6
Unrestricted funds
127,804
**TOTAL FUNDS**
127,804|30.4.23
Total
funds
£
124,559
3,325
127,884
(540)
127,344
127,344
127,344
127,344
127,344|
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 6 February 2025 and were signed on its behalf by:
M SPIRA - Trustee
S SPIRA - Trustee
The notes form part of these financial statements
Page 4
## **OV VOAIM CHARITY CHARITY INCORPORATED ORGANISATION (C.I.O)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 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.
## **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.
## **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.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **2. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 30 April 2024 nor for the year ended 30 April 2023.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 30 April 2024 nor for the year ended 30 April 2023.
Page 5
continued...
## **OV VOAIM CHARITY CHARITY INCORPORATED ORGANISATION (C.I.O)**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2024**
|**3.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
**EXPENDITURE ON**
**Charitable activities**
Advancement of Education
Other
**Total**
**NET INCOME/(EXPENDITURE)**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**
**4.**
**CURRENT ASSET INVESTMENTS**
Unlisted investments
OV Voaim Charity is the 100% shareholder of Silverace Properties Ltd.
**5.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Other creditors
**6.**
**MOVEMENT IN FUNDS**
At 1.5.23
£
**Unrestricted funds**
General fund
127,344
**TOTAL FUNDS**
127,344|**3.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
**EXPENDITURE ON**
**Charitable activities**
Advancement of Education
Other
**Total**
**NET INCOME/(EXPENDITURE)**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**
**4.**
**CURRENT ASSET INVESTMENTS**
Unlisted investments
OV Voaim Charity is the 100% shareholder of Silverace Properties Ltd.
**5.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Other creditors
**6.**
**MOVEMENT IN FUNDS**
At 1.5.23
£
**Unrestricted funds**
General fund
127,344
**TOTAL FUNDS**
127,344|30.4.24
£
124,559
30.4.24
£
540
Net
movement
in funds
£
460
460|Unrestricted
fund
£
10,000
12,000
540
12,540
(2,540)
129,884
127,344
30.4.23
£
124,559
30.4.23
£
540
At
30.4.24
£
127,804
127,804|
|---|---|---|---|
|||||
Page 6
continued...
## **OV VOAIM CHARITY CHARITY INCORPORATED ORGANISATION (C.I.O)**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2024**
## **6. MOVEMENT IN FUNDS - continued**
Net movement in funds, included in the above are as follows:
||Incoming|Resources|Movement|
|---|---|---|---|
||resources|expended|in funds|
||£|£|£|
|**Unrestricted funds**||||
|General fund|12,000|(11,540)|460|
|**TOTAL FUNDS**|12,000|(11,540)|460|
## **Comparatives for movement in funds**
|**Unrestricted funds**
General fund
**TOTAL FUNDS**|At 1.5.22
£
129,884
129,884|Net
movement
in funds
£
(2,540)
(2,540)|At
30.4.23
£
127,344|
|---|---|---|---|
||||127,344|
Comparative net movement in funds, included in the above are as follows:
||Incoming|Resources|Movement|
|---|---|---|---|
||resources|expended|in funds|
||£|£|£|
|**Unrestricted funds**||||
|General fund|10,000|(12,540)|(2,540)|
|**TOTAL FUNDS**|10,000|(12,540)|(2,540)|
A current year 12 months and prior year 12 months combined position is as follows:
|**Unrestricted funds**
General fund
**TOTAL FUNDS**|At 1.5.22
£
129,884
129,884|Net
movement
in funds
£
(2,080)
(2,080)|At
30.4.24
£
127,804|
|---|---|---|---|
||||127,804|
continued...
Page 7
## **OV VOAIM CHARITY CHARITY INCORPORATED ORGANISATION (C.I.O)**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2024**
## **6. MOVEMENT IN FUNDS - continued**
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
||Incoming|Resources|Movement|
|---|---|---|---|
||resources|expended|in funds|
||£|£|£|
|**Unrestricted funds**||||
|General fund|22,000|(24,080)|(2,080)|
|**TOTAL FUNDS**|22,000|(24,080)|(2,080)|
## **7. RELATED PARTY DISCLOSURES**
During the year the charity received donations from Silverace Properties Ltd in which the charity is the 100% shareholder.
Page 8
## **OV VOAIM CHARITY CHARITY INCORPORATED ORGANISATION (C.I.O)**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 APRIL 2024**
||30.4.24|30.4.23|
|---|---|---|
||£|£|
|**INCOME AND ENDOWMENTS**|||
|**Donations and legacies**|||
|Donations|12,000|10,000|
|**Total incoming resources**|12,000|10,000|
|**EXPENDITURE**|||
|**Charitable activities**|||
|Grants to institutions|11,000|12,000|
|**Support costs**|||
|**Governance costs**|||
|Accountancy and legal fees|540|540|
|Total resources expended|11,540|12,540|
|**Net income/(expenditure)**|460|(2,540)|
This page does not form part of the statutory financial statements
Page 9