Charity Registration No. 1195123
BOBOV SHUL ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS YEAR ENDED 31 MAY 2024
BOBOV SHUL TRUSTEES REPORT YEAR ENDED 31 MAY 2024
The trustees present their annual report and financial statements of the charity for the year ended 31 May 2024. The financial statements have been prepared in accordance with the provisions of the Statement of Recommended Practice (SORP) ‘Accounting and Reporting by Charities’ 2019, and applicable UK Accounting Standards and the Charities Act of 2011.
Reference and Administrative Details
Trustees Mr S Kohn Mr C Reichberg Mr H Reichberg Charity Registration No 1195123 Registered Office 73 Clapton Common London E5 9AA Independent Examiner Jacob Jakobovits Kyver & Dale Consultants Ltd Suite 101, Pride House Shanklin Road London N15 4FB
Structure and Objectives
The charity is a Charitable Trust and controlled by its governing document. The trust was registered as a charity with the Charity Commission on 09 July 2021.
The above trustees served throughout the period. The Board has the power to appoint additional trustees, as it considers fit based on personal competence, specialist skills and experience. None of the trustees have any beneficial interest in the charity and did not receive any remuneration. The trustees are involved in the running of the charity.
The objects of the charity are: -
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The advancement and promotion of the Jewish religion for the benefit of the public in accordance with the orthodox tenets thereof;
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The advancement of public education including education in the orthodox Jewish faith and the provision of recreational facilities ancillary thereto;
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The relief of financial hardship by provision of financial assistance to persons of the Jewish faith who are in need to enable them to observe and perform the rites and practices of the Jewish religion;
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Any other objects that are considered charitable by the laws of England and Wales.
Developments and Activities
The charity was set-up to promote the advancement of the Jewish religion and cultural traditions through workshops, conferences, seminars and lectures to all ages. The trustees are pleased to report that the structured activities during the year have also been successful to the well-being and educational growth of children, adolescents and adults.
The trustees consider that the performance of the charity this period has been most satisfactory. The trustees have identified the risks to which the charity may be exposed and systems have been established to mitigate these risks. Where grants are made, it is to such charity organisations whose trustees are known to the trustees of the charity in amounts thought appropriate. The trustees have had due regard to guidance published by the Charity Commission, including public benefit guidance.
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BOBOV SHUL TrUSTKES REPORT (cOlu} During th¢ year. the tsity reeeived drnations of £243J98 (2023: £121073) and ¢xpeDsed £242J70 (2023: £121.147) thrOll Cbaritable Lxpthditure aud svpprt cost& Reserves of£508 Fq¢s¢t thcavailalA¢ fiwsts theyearcttd. Theprcsent I1 of fimthg is ¢0 sTrptKfft the C4)thtinuati ofthe charity's actiVAtses. atrue fair i¢w of th¢ sts¢¢ of affairs of the dlty at the end of the y¢ar. These mu# be in aLYkn with (UK GAAP). of th¢ stat¢of affaiTS of th¢ clwity and of its surplusLYdeficit for that prri rnust 8150 PTq)arethe financi81 sttDents on the going concun basis unless it isinappwri8tetopruurn¢that the charity will ¢ODtinue itsxtivitie& The tru#c&s arc responsible for ke¢piDB8Jequatc arwuntin8Tttordswbith are sufficiat to sbow and wlainthe charity's traDsxoDs and disclose. vjith rc&sothle acclltxy ai any tirn4 the fJnanCJ powtion of the dthTity and to tt)ablethan Éo thatthe flnanci stste4neJtscomply with Charity LTh. The ttusttts are alsowible ApproveA on 30 Marth 21Y25 and signed on bdlalf of B(*rd of Truths: MT H B£i¢hberg
BOBOV SHUL INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF BOBOV SHUL YEAR ENDED 31 MAY 2024
I report to the trustees on my examination of the financial statements of Bobov Shul for the year ended 31 May 2024 which comprise the Statement of Financial Activities, the Balance Sheet and related notes.
Respective Responsibilities of the Trustees and the Examiners
The trustees of the charity are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the 2011 Act’).
Having satisfied myself that the accounts of the Charity are not required to be audited under the Charities Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Basis of Independent Examiner’s report
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting record kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and the seeking of explanations from the trustees concerning any such matter. The procedures undertaken do not provide all the evidence that would be required in an audit and, consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and that report is limited to those matters set out in the statement below.
Independent Examiner’s Statement
Following my examination, I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
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Accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or
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The accounts do not accord with those records; or
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The accounts do not comply with the accounting requirements of the 2011 Act 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
Jacob Jakobovits FMAAT Independent Examiner For Kyver & Dale Consultants Ltd Suite 101, Pride House, Shanklin Road London N15 4FB
Date: 30 March 2025
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BOBOV SHUL STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31 MAY 2024
| Notes Income Donations 3 Total Income Expenditure Expenditure on charitable activities 4, 5 Total Expenditure Net Income/ expenditure and net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward |
2024 Unrestricted Funds Total Funds £ £ 243,698 243,698 243,698 243,698 (244,370) (244,370) (244,370) 244,370 (672) (672) 1,180 1,180 508 508 |
2023 Total Funds £ 122,073 |
|---|---|---|
| 122,073 | ||
| (121,147) | ||
| (121,147) | ||
| 926 | ||
| 254 | ||
| 1,180 |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes form part of these financial statements
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TAR LNDFJI 31 MAY 211St 21124 2023 Cash atbank and in haod 1.680 1.680 {380) (5(K)) 508 1.180 TDtsI Fumdi 508 aT¢ sigThAI ¢MJ th¢iib¢half by: MrHRei
NOTES TO THE ACCOUNTS YEAR ENDED 31 MAY 2024
1) General Information
Bobov Shul is a charitable trust governed by its trust deed and is a registered charity in England. The registered office is located at 73 Clapton Common London E5 9AA.
2) Accounting Policies
Basis of Accounting
The accounts have been prepared under the historical cost convention and in accordance with the Charities Act and applicable accounting standards including the SORP (FRS 102) subject to the revaluation of certain fixed assets and the non-provision of depreciation thereon.
The presentation currency is sterling.
Going Concern
The accounts have been prepared on a going concern basis as there are no material uncertainties about the charity’s ability to continue.
Incoming Resources
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.
Resources Expended
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. 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.
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.
| 3) Income Donations Received |
2024 Unrestricted Total Funds Funds £ £ 243,698 243,698 243,698 243,698 |
2023 Unrestricted Total Funds Funds £ £ 142,733 142,733 142,733 142,733 |
2023 Unrestricted Total Funds Funds £ £ 142,733 142,733 142,733 142,733 |
|---|---|---|---|
| 142,733 |
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BOBOV SHUL NOTES TO THE ACCOUNTS (continued) YEAR ENDED 31 MAY 2024
4) Expenditure on charitable activities by activity
| 4) | Expenditure on charitable activities by | activity | |||
|---|---|---|---|---|---|
| Total | |||||
| Activities | Support | Total | Funds | ||
| undertaken | costs | Funds 2024 | 2023 | ||
| £ | £ | £ | £ | ||
| Educational gatherings | 94,185 | - | 94,185 | 65,916 | |
| Premises Costs | 22,889 | - | 22,889 | 17,451 | |
| Donations paid | 93,394 | - | 93,394 | 17,352 | |
| Relief of poverty | 17,386 | - | 17,386 | 18,300 | |
| Fundraising costs | 15,020 | - | 15,020 | - | |
| Support Costs | - | 1,496 | 1,496 | 2,128 | |
| 242,874 | 1,496 | 244,370 | 121,147 | ||
| 5) | Analysis of Support Costs | 2024 £ |
2023 £ |
||
| General Expenses | 716 | 1,448 | |||
| Governance Costs | 780 | 680 | |||
| 1,496 | 2,128 | ||||
| 6) | Governance costs | 2024 £ |
2023 £ |
||
| Independent Examiners fees | 780 | 500 | |||
| 7) | Creditors: amounts falling due within one year | 2024 £ |
2023 £ |
||
| Accruals | 380 | 680 | |||
| 8) | Net movement in funds | ||||
| It is the policy of the charity to move restricted funds to unrestricted funds once it has been spent | |||||
| unless there are restricting conditions even after the income has been spent. | |||||
| At 31 May 2023 | Unrestricted Funds £ 1,180 |
Total £ 1,180 |
|||
| Incoming resources | 243,698 | 243,698 | |||
| Expended resources | (244,370) | (244,370) | |||
| Total funds available for future activities | |||||
| At 31 May 2024 | 508 | 508 | |||
| Comparatives for movements in funds; | |||||
| At 31 May 2022 | Unrestricted Funds £ 254 |
Total £ 254 |
|||
| Incoming resources | 122,073 | 122,073 | |||
| Expended resources | (121,147) | (121,147) | |||
| Total funds available for future activities | |||||
| At 31 May 2023 | 1,180 | 1,180 |
9) Related party transactions
There were no related party transactions during the year.