REGISTERED CHARITY NUMBER: 1196089
Report of the Trustees and
Unaudited Financial Statements FOR THE YEAR ENDED 31 August 2023
for
SEMINAR BNOS DEVORAH
Melinek Fine LLP Chartered Accountants First Floor, Winston House 349 Regents Park Road London N3 1DH
SEMINAR BNOS DEVORAH
Contents of the Financial Statements FOR THE YEAR ENDED 31 AUGUST 2023
| Page | |
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| Report of the Trustees | 1 |
| Statement of Financial Activities | 2 |
| Balance Sheet | 3 |
| Notes to the Financial Statements | 4 to 5 |
SEMINAR BNOS DEVORAH
Report of the Trustees FOR THE YEAR ENDED 31 AUGUST 2023
The trustees present their report with the financial statements of the charity for the year ended 31 August 2023. 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 object of the charity is the advancement of education in the subject of the Jewish religion and its heritage and the advancement of higher education and vocational training for young women of the Orthodox Jewish faith in particular but not exclusively by establishing, managing, maintaining and supporting a college for young women of the Orthodox Jewish faith in greater London.
Significant activities
During the year the trustees made the decision to wind down the charity and grant its assets and liabilities to Seminary Bnos Devorah Ltd, a company limited by guarantee that will continue the work of Seminar Bnos Devorah under a new legal structure.
Public benefit
The trustees confirm that they have referred to the guidance contained in the Charity Commission’s general guidance on public benefit and in particular to its supplementary public benefit guidance on advancing education when reviewing the charity’s aims and objectives and in planning future activities.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1196089
Principal address
73 The Ridgeway London NW11 8PH
Trustees
I Mett C Z Pearlman M Zahn
Approved by order of the board of trustees on 28 June 2024 and signed on its behalf by:
M Zahn - Trustee
Page 1
SEMINAR BNOS DEVORAH
Statement of Financial Activities
FOR THE YEAR ENDED 31 AUGUST 2023
| Year Ended 31.8.23 Unrestricted fund £ INCOME AND ENDOWMENTS FROM Donations and legacies - EXPENDITURE ON Raising funds - Charitable activities Charitable activities 12,814 Total 12,814 NET INCOME/(EXPENDITURE) (12,814) RECONCILIATION OF FUNDS Total funds brought forward 12,814 TOTAL FUNDS CARRIED FORWARD - |
Period 8.10.21 to 31.8.22 Total funds £ 340,383 4,950 322,619 327,569 12,814 - 12,814 |
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The notes form part of these financial statements
Page 2
SEMINAR BNOS DEVORAH
Balance Sheet
31 AUGUST 2023
| 2023 Unrestricted fund Notes £ FIXED ASSETS Tangible assets 3 - CURRENT ASSETS Debtors 4 - Cash at bank - - CREDITORS Amounts falling due within one year 5 - NET CURRENT ASSETS - TOTAL ASSETS LESS CURRENT LIABILITIES - NET ASSETS - FUNDS Unrestricted funds - TOTAL FUNDS - |
2022 Total funds £ 11,307 1,432 18,895 20,327 (18,820) 1,507 12,814 12,814 12,814 12,814 |
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The financial statements were approved by the Board of Trustees and authorised for issue on 28 June 2024 and were signed on its behalf by:
M Zahn - Trustee
The notes form part of these financial statements
Page 3
SEMINAR BNOS DEVORAH
Notes to the Financial Statements FOR THE YEAR ENDED 31 AUGUST 2023
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.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
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 31 August 2023 nor for the period ended 31 August 2022.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 August 2023 nor for the period ended 31 August 2022.
continued...
Page 4
SEMINAR BNOS DEVORAH
Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 AUGUST 2023
| 3. TANGIBLE FIXED ASSETS COST At 1 September 2022 Disposals At 31 August 2023 DEPRECIATION At 1 September 2022 Eliminated on disposal At 31 August 2023 NET BOOK VALUE At 31 August 2023 At 31 August 2022 4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Prepayments and accrued income 5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other creditors |
Fixtures and Computer fittings equipment £ £ 5,720 8,414 (5,720) (8,414) - - 1,144 1,683 (1,144) (1,683) - - - - 4,576 6,731 2023 £ - 2023 £ - |
Totals £ 14,134 (14,134) - 2,827 (2,827) - - 11,307 2022 £ 1,432 2022 £ 18,820 |
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