**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**| |---|---| |**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| |---|---| 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| |---|---| 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| |---|---|---| Page 5