**REGISTERED CHARITY NUMBER: 1188015** ## **Report of the Trustees and** **Unaudited Financial Statements for the Year Ended 31 July 2024** **for** **The Hiddur C.I.O.** Martin+Heller 5 North End Road London NW11 7RJ **The Hiddur C.I.O.** **Contents of the Financial Statements for the Year Ended 31 July 2024** |||**Page**|| |---|---|---|---| |**Report of the Trustees**|1|to|2| |**Independent Examiner's Report**||3|| |**Statement of Financial Activities**||4|| |**Balance Sheet**||5|| |**Notes to the Financial Statements**|6|to|10| |**Detailed Statement of Financial Activities**||11|| **The Hiddur C.I.O.** ## **Report of the Trustees for the Year Ended 31 July 2024** The trustees present their report with the financial statements of the charity for the year ended 31 July 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 charity was formed with the following objects: The advancement of the orthodox Jewish faith, mainly but not exclusively, by providing grants to such charitable organisations which advance religion in accordance with the doctrines and principles of orthodox Judaism. The prevention or relief of poverty, by providing grants to individuals in need and organisations working to prevent or relieve poverty. ## **Public benefit** In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit. ## **FINANCIAL REVIEW** ## **Reserves policy** The charity does not maintain a reserves policy, as reserves are utilised when they become available, at the trustees' discretion. The present level of funding is adequate to support the continuation of its objectives and the trustees consider the financial position of the charity to be satisfactory. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing document** The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity. ## **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** 1188015 ## **Principal address** 8 Sedgley Avenue Prestwich M25 0LS ## **Trustees** S Feiner B Borr ## **Independent Examiner** A Heller FCA Martin+Heller 5 North End Road London NW11 7RJ Page 1 **The Hiddur C.I.O.** **Report of the Trustees for the Year Ended 31 July 2024** Approved by order of the board of trustees on ............................................. and signed on its behalf by: .......................................................................... S Feiner - Trustee Page 2 **Independent Examiner's Report to the Trustees of The Hiddur C.I.O.** ## **Independent examiner's report to the trustees of The Hiddur C.I.O.** I report to the charity trustees on my examination of the accounts of The Hiddur C.I.O. (the Trust) for the year ended 31 July 2024. ## **Responsibilities and basis of report** As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act'). I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act. ## **Independent examiner's statement** I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. A Heller FCA Martin+Heller 5 North End Road London NW11 7RJ Date: ............................................. Page 3 **The Hiddur C.I.O.** ## **Statement of Financial Activities for the Year Ended 31 July 2024** ||||31.7.24|31.7.23| |---|---|---|---|---| ||||Unrestricted|| ||||fund|Total funds| ||Notes||£|£| |**INCOME AND ENDOWMENTS FROM**||||| |Investment income||2|12,200|15,000| |**EXPENDITURE ON**||||| |Raising funds||3|13,659|9,884| |**Charitable activities**||||| |Donations|||44,807|6,238| |Other|||1,848|1,020| |**Total**|||60,314|17,142| |Net gains/(losses) on investments|||(149,862)|-| |**NET INCOME/(EXPENDITURE)**|||(197,976)|(2,142)| |**RECONCILIATION OF FUNDS**||||| |Total funds brought forward|||702,722|704,864| |**TOTAL FUNDS CARRIED FORWARD**|||504,746|702,722| The notes form part of these financial statements Page 4 **The Hiddur C.I.O.** ## **Balance Sheet 31 July 2024** |31.7.24
Unrestricted
fund
Notes
£
**FIXED ASSETS**
Investment property
6
437,650
**CURRENT ASSETS**
Cash at bank
68,596
**CREDITORS**
Amounts falling due within one year
7
(1,500)
**NET CURRENT ASSETS**
67,096
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
504,746
**NET ASSETS**
504,746
**FUNDS**
8
Unrestricted funds
504,746
**TOTAL FUNDS**
504,746|31.7.23
Total funds
£
700,000
3,682
(960)
2,722
702,722
702,722
702,722
702,722| |---|---| The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by: ............................................. S Feiner - Trustee The notes form part of these financial statements Page 5 **The Hiddur C.I.O.** **Notes to the Financial Statements for the Year Ended 31 July 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. ## **Investment property** Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Statement of Financial Activities. ## **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. Page 6 continued... **The Hiddur C.I.O.** **Notes to the Financial Statements - continued for the Year Ended 31 July 2024** ## **2. INVESTMENT INCOME** |Rents received
**RAISING FUNDS**
**Investment management costs**
Administrative expenses
Property repairs
Management charges|31.7.24
£
12,200
31.7.24
£
218
10,729
2,712
13,659|31.7.23
£
15,000| |---|---|---| |||31.7.23
£
500
194
9,190| |||9,884| ## **3. RAISING FUNDS** ## **4. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 July 2024 nor for the year ended 31 July 2023. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31 July 2024 nor for the year ended 31 July 2023. ## **5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES** ||Unrestricted| |---|---| ||fund| ||£| |**INCOME AND ENDOWMENTS FROM**|| |Investment income|15,000| |**EXPENDITURE ON**|| |Raising funds|9,884| |**Charitable activities**|| |Donations|6,238| |Other|1,020| |**Total**|17,142| |**NET INCOME/(EXPENDITURE)**|(2,142)| |**RECONCILIATION OF FUNDS**|| |Total funds brought forward|704,864| continued... Page 7 **The Hiddur C.I.O.** **Notes to the Financial Statements - continued for the Year Ended 31 July 2024** ## **5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued** ||||||Unrestricted|Unrestricted| |---|---|---|---|---|---|---| ||||||fund|| |||||||£| ||**TOTAL FUNDS CARRIED FORWARD**||||702,722|| |**6.**|**INVESTMENT PROPERTY**|||||| ||||||£|| ||**FAIR VALUE**|||||| ||At 1 August 2023||||700,000|| ||Additions||||437,650|| ||Disposals||||(700,000)|| ||At 31 July 2024||||437,650|| ||**NET BOOK VALUE**|||||| ||At 31 July 2024||||437,650|| ||At 31 July 2023||||700,000|| |**7.**|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE**||**YEAR**|||| |||||31.7.24|31.7.23|| |||||£|£|| ||Other creditors|||1,500|960|| |**8.**|**MOVEMENT IN FUNDS**|||||| |||||Net||| |||||movement||| ||||At 1/8/23|in funds|At 31/7/24|| ||||£|£|£|| ||**Unrestricted funds**|||||| ||General fund||702,722|(197,976)|504,746|| ||**TOTAL FUNDS**||702,722|(197,976)|504,746|| ||Net movement in funds, included in the above are as follows:|||||| |||Incoming|Resources|Gains and|Movement|| |||resources|expended|losses|in funds|| |||£|£|£|£|| ||**Unrestricted funds**|||||| ||General fund|12,200|(60,314)|(149,862)|(197,976)|| ||**TOTAL FUNDS**|12,200|(60,314)|(149,862)|(197,976)|| continued... Page 8 **The Hiddur C.I.O.** **Notes to the Financial Statements - continued for the Year Ended 31 July 2024** ## **8. MOVEMENT IN FUNDS - continued** ## **Comparatives for movement in funds** ||||Net|| |---|---|---|---|---| ||||movement|| |At||1/8/22|in funds|At 31/7/23| |||£|£|£| |**Unrestricted funds**||||| |General fund|704,864||(2,142)|702,722| |**TOTAL FUNDS**|704,864||(2,142)|702,722| |Comparative net movement in funds, included in the above are as follows:||||| |Incoming|||Resources|Movement| |resources|||expended|in funds| |||£|£|£| |**Unrestricted funds**||||| |General fund||15,000|(17,142)|(2,142)| |**TOTAL FUNDS**||15,000|(17,142)|(2,142)| |A current year 12 months and prior year 12 months combined position is as follows:||||| ||||Net|| ||||movement|| |At||1/8/22|in funds|At 31/7/24| |||£|£|£| |**Unrestricted funds**||||| |General fund|704,864||(200,118)|504,746| |**TOTAL FUNDS**|704,864||(200,118)|504,746| A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: ||Incoming|Resources|Gains and|Movement| |---|---|---|---|---| ||resources|expended|losses|in funds| ||£|£|£|£| |**Unrestricted funds**||||| |General fund|27,200|(77,456)|(149,862)|(200,118)| |**TOTAL FUNDS**|27,200|(77,456)|(149,862)|(200,118)| continued... Page 9 **The Hiddur C.I.O.** **Notes to the Financial Statements - continued for the Year Ended 31 July 2024** ## **9. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 31 July 2024. Page 10 **The Hiddur C.I.O.** ## **Detailed Statement of Financial Activities for the Year Ended 31 July 2024** |31.7.24
£
**INCOME AND ENDOWMENTS**
**Investment income**
Rents received
12,200
**Total incoming resources**
12,200
**EXPENDITURE**
**Investment management costs**
Administrative expenses
218
Property repairs
10,729
Management charges
2,712
13,659
**Charitable activities**
Grants to institutions
44,807
**Support costs**
**Finance**
Bank charges
162
**Governance costs**
Legal and professional
186
Accountancy fees
1,500
1,686
Total resources expended
60,314
**Net expenditure before gains and losses**
(48,114)
**Realised recognised gains and losses**
Realised gains/(losses) on investment property
(149,862)
**Net expenditure**
(197,976)|31.7.23
£
15,000
15,000
500
194
9,190
9,884
6,238
60
-
960
960
17,142
(2,142)
-
(2,142)| |---|---| This page does not form part of the statutory financial statements Page 11