CHABAD LUBAvrrcH BRICKET WOOD & DISTRICTS ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 8 MAY 2024
CHABAD LUBAVITCH BRICKEf WOOD & DISTRICTS LEGAL AND ADMINISTRATIVE INFORMATION Zvi Brwks Brian John Grossman Rabbi Ephfaim Levin8 Rabbi Lem Sudak Prlnclpal addro Bluthlls sOft Road SIAbans Harts AL2 3PQ Ind•p•nd•nl oxamln•r Robinson Slv•Ari & Co. 7 Gran8rd 891n•S5 Cèntro Bunns Lar NVIT 2t)o
CHABAD LUBAVITCH BRICKEf WOOD & DISTRICTS CONTENTS Trusteas, report Statement of trustees. ros[SItI19 Independt examinarfs Statoment Offinaal bvI•S Balance 8h8et Nolgs to the finandal st*ments 8-12
CHABAD LUBAVITCH BRICKEf WOOD & DISTRICTS TRUSTEES. REPORT FOR THE YEAR ENDED 8 AIAY2024 Th6 Irustees pres8nt their annLI rekK)rt and financ ststemonts for the yoar eTrJed 8 May 2024. The fjnancial statements have been prep8r¢d in accordancè with the a¢Un11ng policbes sei in note 1 to Ihe finanaal statements and c4)mpty with the charity's govemiw dc¢umenL the Chanties Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK ar Republic ol Irel8nLI' and the Charibes SORP 'Accounting 8nd Reporting by Charities.. Ststement of R8ccThm&nded Pr8cts"ce 8ppIic8ble to charib.es preparing their accounts in accordance with the Financial Rapts'ng StandaTfi apF4i18bl8 In the UK arK1 Rewibllc crf ITeLgnd (FRS 102).. Obloctlv•s and actlvltle# The charity was set up as a Charitable Incorporaled Orwisatm on 10 May 2022 for {11 the advancement and promob.on of th8 Orthodox J8wi8h faith in Brickat Wood and the surry)unding are&s through thg holding of Pfay8r meefjngs, paslor81 care, 1gCtLW0S, public celebratlon of rdigious fesb"vals. prtsjuang aNllor dlstributsr¥J lrteroture on Jgwish T91igious texts, custom and prnctice folk)ng the principles of Chabad Lubavrtth,. 8nd121 the advancoment of public education includiThJ ucatiOn in tho OrttK¥Jox Jewish faith by pro¥ing tsulitias for the stutly of and instructlons in Jewish religkws texts. teathiryJs. custr)ms and practices of the Orthl0X Jewsh failh.. and131 by the Pfovlsion of Items, finanrials an(1 pra((l a$5i$tarKg in porticular, but rb)t exdusively to persons of the Jthsh falth in Bricket WWJ art(J the surroundir¥J aaS are in need of 83$4stsno• to prevent or religve Varty. Thg trust8e3 have p8ld duo regard to guida8 L8sugd by tho cknty Cornmiuion in deciding what acfjvilies ihe chanty should undertak¥. A¢hl•vgm•nts and p•rfornwnc• Throughout the past year we have made nrfant pKgress in fu111n9 our d)aritablg objectives. Our protyram$ and 8CtivIt have orKmpaSSed trKJth r01igiou$ and spirits1 8wices. as well as cultural and soci81 initlatives that are nclusfv& and acce38lble to ¥ll. The tnJ$taè8 have dlUgenUy r8vkwgJ the obpcts actithos of to gnsurn thty romain alignod wlth our cor• aims. This f8view process has tjetsn guKled by the Chadty Cmlsslon's genaral guidancè on publlc benofit Bnd its $upWtmgntary guldano on tho advancemènt of r•lkJh)n lor publlc benefit. By maintaining a strong commitmant to these principlès. we have conbnued ¢0 pr(1 Jvwish wornhlp. aducallon and welfare while supporting th)se in need. Ouring the yoar wo dKI Ihis as fc41¢y•VS'. Communlty W•lfar• and Support One ol our primary objgckn'ves i8 to final1. waclic81 and 8cSal asslstsnc8 to individuals 3nd families facing hardshlp, &nsuring Ihal no on8 isloft With1 8$tiO1 suppjrt Over the past ye8r we have gxpanded OUT Ilorts lo rftach mrè peop in ed. In line wlth our objective provKle 8sststsnce in pr8vèntKw or rel1n0 poverty, we di8tributed ovèr 250 Purim food packages, ensuring that Jewish f8mil in thè area couk1 celotwale the le8tiv81 wilh joy and dignity. Th• ¥•kly care p•ckap IniUallve, inclLths fraghty baked challah and fcrtxl 858entlals, ha8 boen a key elament in supporting fac4rYJ hardship, par11culY tho eldèrty or th03¢ Vtho nood a bil ol uplift. Addilionalty, when m8mbars of our community experionLxd b8rgavem8nt. we provided pracucal and emotional support. In accordance vrith prmting Jewigh pastoral care. we Teached wt to familigs in mourning, ensuring that they fell the embrace of the cornmunty during tha118TrJing tirww. Communlty Bulldlng A strong and engaged Jev•i$h MmuN is central to fuffiling obhective of prorTh)ting the Orthodox J8wish faith. Throughout the year we have organisad largev put4ic events. prayer meetsrws and Shabbat gatheriTh, 811 almed at reinforcing Jewsh identity and unty. The Bricket Wood Grand M8norJh Lightiro exemplified our cx)mmitm8nt to Ihe public c81ebr8b.on of religK)us festivals and bTOUght together over one hun(Ir8d partic4pgnts. ludIng frLwn thè wl0r community. This event fo8t8rgd a strong sense ol Jewish pnde and ccrfnmunity connecth.
CHABAD LUBAVITCH BRICKET WOOD & DISTRICTS TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 8 MAY 2024 Our weokly Frlday Night Soup & Scotch gathtrrlngs seryeil os 8 comtsrstone for soual gngogemant. These 9athèrin9$ have played a crucial roie in social ind[Js. ensuriThJ Ihat individuals from all backgrounds. induding thos8 who may f981 isc4ated. Could me tog8th•r bn a wami and ènvironmenL The launch ol Ihe Club 13 Baf Mitzvah PTogr8m lurth8r supports our obie(ve of adwdncing Jewish edu(8tron and bringlng Communit together as Club 13 Ined tr)gether wth neMJhtouring communities, sud) as R8dlett and Bushey. Through slruLknred leamin9 8nd mrfzvah pro1 Yn9 b)ys prep8red for thèir Jvwish coming ol age in a méaningful ond engaging way. J•wl8h FtIvalS CelebrnOn$ Publidy celebrating Jewish festivals 1$ a 0x8 asp of our ckni8cii¥es. By hostiThJ largfrscale holiday events we ensure th81 Jowish traditions are acce881b to all. regardltrss of bgckgrnind or affillalth. For Shavuot we held an alldnuht study sess¥)n. fvlfilling our obl¢cti of advancing Jthyish education. The public raBding ol th8 ten comrnaNlments wa5 0tterKl8d by families 8nd IndNKluals. Purim 2024 was another Incredibl8 Suc53. The Purim P8ty arwj Family Purim Celebrallon. 8ttended by well over on8 hundred peopl•, promotsd Jewl8h obsoryanco and eommunty connectth In an 8rvJaging and joyous mannèr. Another hwlighl was our flTSt ever Passov¥r Communal Seller. whkh brought IJe1er indNiduals and families to Golebrale Passover In a me8ninglul way, partioJ18rty thos who may rnt ha had Ihe m8an8 or aknlty to host their (pwn Sedors. The Mi8hloach M8rnt grft-gmng projtel. 18d by Club 13 boys, direcyy align8d wrth our ch6ri18ble obJactlvo$ by ensuring that J8w8h fgmilies In fmoncial n8wJ rJ)ukJ still ptsk8 in ts Mrtah ol Purim. Jowlsh Wom•n Conn•¢t Th8 J•wi3h Women Connacl IJWCI FrfrJJram hay FAay8d a slgnlficanl ro in Pfunotlng J&wlsh lalth, education and communlty involvèment. The Challah Bako In October bro1 woffl¢n iogother for an trvonlng ol learnlng, conngction and 1r8fjlts1, minfor¢lng U)eir Jewish wJenOty. Slmilaty. the Canvas Paintkng event in Mar¢h integroted Jewlsh themes and discussns. Promoting ¢ommunty and al erwemwL Fmlly Program• Jèwish f8mily Ilfo 1$ at the h8art of our mission and our famlly-cMlent8d rrfogrm have succe8sful promotsd brlngin9 families and communili9S in Un8 wrth our cbiectives. Durlng the High Holldays we ensufed that famil coukj pwb'cbpate MnInglty by provKling a dedicated children's marquee, allowing youThJer members to experiènce Jewish traditson in an engaging and ago-approprfote way. Additionally, during our Ots, we wovhled a seloGbM of Ix)ard games, toys and fecreatk)nal facilities, $uch 88 trampolines arKI 8wrwJ sets. to caler for f8mili85. Clas¥•8 and L•ctsr•• Educauon femains a comerstom of our missK•n. hjlfflling our obi8¢tive lo advancè public educ8Uon In customs and praclicas. Throughout the year w8 have provided a raThJe of Torah dassos, disojssltsns and leamlng opportunitles for both aduts and chlldren. Th• M•ntch Club, a monthty rnn's disc group. has WOVK1od a platlorm for young profes8ional$ to engage in le8rning and explore moaniNJful disCuss¥S on Torah petspgctives and rrerTrd8y dilemmas. Topics such 89 'Is Religlon a Choi¢8?' and What i¥ the evll •yeY encouraged thought%Jrovoking conversations aTKI deep engagement with Jewish teachings. For youngw members our Glub 13 Bar PAllxvah Program cDnb"nued to provide structured leamlng sessions, •mpowering boys apwoathiro their Bar Mitzvah to develop a deeper nneon to their Jewish identity and responsibilities.
CHABAD LUBAVITCH BRICKEf WOOD & DISTRICTS TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 8 AIAY 2024 R•llglou$ SoThTIcos Providing OPPOTlunities for Jthsh rShIp is a frJndam8ntal aSct of our ciecti"ve lo promote thè Orthodox Jewlsh faith. Our weekly arKI fost5val prayer services have continued to serv¢ as 8 pillar of rnllgious lrfe in Brfcket Wood, fostering spirituality. communty eiYJ•3ement and Jewish c¥)nlimity. Our weekly Friday night and Shabbat day sarvi(s have uvated 8 l(£Ing en¥ironmont whère community Tptrmber5 come togothgr foi pray8r. song and Thpirabon. These serwces. porticularfy the OnceTra-Monlh ShJbb8t Minyan. hove encouraged gre8t¢r attendance and communal p8rbryp8t. Oth&r religu3 gervlce$ Ihls y88r Ineludeil the Hlgh Hollday Servlc•s. with r8c4Nd alten¢Jancg. ensuring every Jew in th& communty could exp8rienca the transformativa power of the Jewish Now Yw. The Tofillln Drf brnight men togethw for mornlng tefillin and bagel br8akfa$ts, ¢Teating 8 spac8 for m8aniryfvl Jewish erygement. These service¥ have strgrwned Jm¥lsh arnj Id w) Bricket Wood. onsurfng that evory community member, regardless of background or18vel of ot6eivanc8. feels wek( and indwbj wi Jtr4¥ish life. Concluilon Through a comblnallon of worship. éducation. ¢crfnmunity SllPPOrt and wtreach. Chabad Lubaviteh of Brf¢kot Wood has succossfully upheld its ¢har118b18 obl8ctN¥s over thts pasl year. We express our graknlude to the truslees. voluntèers and community members whose support and involvement have rn8de Ihose achievements possible. As we move I9ard we remain committed to ¥xpar¥Jing our wTrJrams. strengtherbiro J13h life and ensuring that overy Jew in Brickèt Wood feeb welcomad. supported engoged in their faith. Fln•n¢l•l r•vl•w In the view ol thg trustegs th• fLThls crf tho suffvignt for its purpo. Incom8 in¢Teas•d in the yoar to £30,491. alttwh exFWKliture irKreased to £41.634. sUIting in 8 defi1 of £11,143. Structurn. g¢)v•rnance and m•n•g•m•nt Thg chartty is 8 rng18tsr•d ¢Wty. numb•r 1198884 and Ig (Stirtl undw a GIO- Fourvjauon. The trustees who served during th8 yyar and up to fv d8t8 of ol the financ1 8tatgmonts wore.. Zvi Brook3 Brian John Grossman Rabbi Ephraim Lemne Rabbi Loivl Sudak N8W tru8tee8 are recruited by the exi8ting trustees a8 and then conJered n8rmsary. The tyslw, report was apwoved by the BoaTd OfTJ&. Zvi Brooks Trusts• 19 February 2025
CHABAD LUBAVITCH BRICKEf WOOD & DISTRICTS STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 8 MAY2024 The trusleas aro rèsponsible fr)r preparlng the TnJstses Report the finantial statwnents in accordance with applicab18 law and United lQntyJ(ffi Ac£ounliNJ Standards (Unitad lQngdom Generalty AePted AuntIng Pr8¢ts"cel. The law applicable io (adties in England arbj Wales wuifvs tha trust8e5 to prepare finanual stat8rnènts for each rinancial yOBr whith give 8 true and fair View of the of affaws of the charity and of the I[Orning re80ur¢e8 and application ol re80Lbr5 of the Charity for that year. In Preparing thes• fin8ndal statements, the biJsle8s arn roqukod to.. - s8lect suitable acc4wnting polieies and then aPFdy thèm ¢3)nStenr. - obseNe the methods and princlples in th• Charities SORP. - make judgements and esbmales that are asOnable and prudont.. - stale whethgr Applicable accountiry stsrKl8rds been ftlb)wed. subiecl to Bny material departurog di8clos8d and 8xplained In the financial siatem&nts.' - prepare the financial statoment3 on the goiThJ ?¢8 b881¥ unloB8 it 18 inapproprbts to presume that Ihe charfty 11 corth"nu8 in owrats"on. Th& Iruslges are rasw8ible for keep#ig suffiaenl accounting records that dlsdosa with rnasonable accvr8cy at any lime Ihe financial positicffi of the carity and enabk them to ensurn that the finanaal slatements comply wlth the Charilles Act 2011, the Charity 1cOUnts and Rwrtsl Regulabon5 2¢J08 and the provtsions of the trust deed. They are also r&8ponsibl& for saf8gu8rding the assets of Ihe and hence for I8n9 reasonable steps for the prov8nty.on and dgt•ction of fraud and other iry9gularib8s.
CHABAD LUBAVITCH BRICKEf WOOD & DISTRICTS INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CHABAD LUBAvrrcH BRICKET WOOD & DISTRICTS I raport to the truste88 on my eXannall0ft of the fillaa stateMts of Chabad Lubavitth 8ri¢et Wood & Oislricts Ilhe charity) for the year 8 May 2024. Rospon$lbllltie$ and bas1• of roport As the trustees of the charity you 8re responsible Ihg of the anCi sktements In 8cc4)thnc8 with the requirgments of lh8 Chartil8s Act 2011. l T8POrt in re5ct of my ex8minalw)n of tho charty's finanryal slal8mants Carried tyjl undgr seciv)n 145 of the Charflles Act 2011. In carryir¥J oui my examinalb)n I have lolluwed the DireLons given by tha Charity Commisslon under s8cb.on 14515Xbl of the Chanlies Act 2011. Indop8nd•nt •xamln•rfs •tat•m•Tht Your attonlion is drawn to thè fact that th8 dlity has prepared tho financ4ai statements In accordance wilh the rtrlevant verslon of the Slatèment ol Recomrnended Practice applicabk to sAritiès preparing their flnand81 statements in accordan¢e with tha Financial Reporb"ng StsThJard 8pplThNe in tho UK and Republic of Ifeland IFRS 1021 in preference lo the AccoLbnty and ReFNb'n9 by Clwib'e$." Stat8mtrnt of Recomm8nded Practice issued on 1 April 2005 which is rèferre(I to in th• enI regulation$ but h8s now been thdraWn. l understand that thls ha8 blan done in onjer for the finanaal Ststthts to provwJe a trug and fair VI In oc£udanc• with UK Genèrally Accepted AccounUn9 Pr•¢tic8. I have completad my 8xaminabon. I cx)nfim th no matters havo tr)mg to my attentbjn In ojnngctin with tho examinolion giving me tauso to believe that in any maten81 resrrft: accounting records wore not kept Sn resped of the thartty 88 r8quW by sgclion 130 01 tho Charfties Act 2011. th8 flnandal statements do not occonj vhth those records: or the financial stslements do not ¢omrty th8 applic4bi& wulr¢m8nts conmIng Ihe form and contsnl of financiol 3tstaments 8et out irh the Charrties (A¢ts and R8FJts) Regulation$ 2CQ8 othèr than any requirement that th• linandal st8ments gfve a true and faif wew. vthlch is not a m8ttar considered as part of an indepgnd8ni èxaminatth. I have no concoms arbj hav8 come aLYOSS no othw mattern kn (nn8ctkn wlth the examination to whlch attanllon should bo drawn in thi8 rgport In order to enable a LwWJernlln9 of Ihg finan(#al 8tatsments to be roachgd. John S Robinson FCA Roblnwn Stswart & Co. Ch•rt•red Accountant• 7 GrBnard Buslness Centre Bunns Lane London NW7 2DQ 19 February 2025
CHABAD LUBAVITCH BRICKEf WOOD & DISTRICTS STATEMENT OF FINANCIAL ACTMTIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 8 MAY 2024 Unrestrlctod Unre¥trlct funds fund• 2024 2023 Incom• from: Donatlons and legacies 30.491 21.667 30.491 21.667 Total in¢orn• Exp•ndltur• on: Charltabl& aclfvlti98 41,634 18,020 41.634 18,920 Total •xpondltur• N•t In¢omtrll•xp•ndlfvrn) and movmnt In fund• (11.143} 2.747 R•¢on¢lllatlon of fund•'. Fund baloncos at 9 May 2023 1.416 Fund b•lanc•• •t 8 May 2024 (9.7271 2,747 The stal8ment of finandol IAude$ all galns 8nd1088es rnry)3nised in the year. All Income and expendlturè derive from cOnuing activit.
CHABAD LUBAVITCH BRICKEf WOOD & DISTRICTS BALANCE SHEET ASAT8 MAY2024 2024 2023 Flxed assets Tangible assets 900 Currènt a•s•t• Ca8h 8t bank ar in hand 2,517 Cr•ditors'. mounts falllng du• wlthln on• yoar 10 12,(KJ11 (13.113) Not curr•nt (IlabllltIV•Mts (10.5271 518 Total •u•t• l•s Ilablllll• (9.7271 1.416 Th• lund8 ol charlty Unrestn'cted funds 1,416 11 (9.7271 19.7271 1.416 The finanoIS1818M8nts were 8Fvoved by thè trMto09 on 19 Fobnjary 2025 Zvl Brooks Tru¥t Brian John G
CHABAD LUBAVITCH BRICKEf WOOD & DISTRICTS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 8 MAY 2024 Accountlng pollclos Ch•rlty infomiatlon Chabad Lubwlth Brickot W(y)J & Dislri(Js is a wgistergd thaiity, numbw 1198B84. 1.1 A¢¢ounting conv•ndon Thè financial statements have been pryed in accordance vAth th¢ chartls govemlng document, the Charrties Act 2011, FRS 102 Yhe Financ481 RepO.j Standard applicable In th8 UK and Republic ol Ireland. aTKI the Charrfiès SORP 'Ac£ounting and Rertire by Charilw.. Slatemont of Re(x)mm8nded Practice applicable to charit preparing Ihoir accounts in 8ccordanc8 wnh the Finanoal Rewrting Stsndarfl applicable in Ihe UK and R9wbllc of IrgbafKI IFRS 102).. Th thanty is a Public Ben8fit Enbty as defined by FRS 102. The financial statements are wepared In sterflThJ. vthith b the funcvwal TIencY of the thty. Monetary amounts in thase financial ststemtrnts are rjJad to the nearnst £. The financL91 statemtY have be•n prep urth Ihe Trc81 tonvéntkn. Tho prfncipal accountlng poli8$ adopted arè sel out bekn¥. 12 Golng n¢•rn Al the time ol apj the finanoal Stalwnents. thè trustsos havo a reasorh8ble expgctation that the charity has adequ8t8 re80urc68 to ntirtue in oper8tknal exlstence for the fmeeable luluro. Thus the tnJsleo8 continu8 to adopt th& going concem basb of &o)unllNJ in pr8p8rirg the financwl ststements. 1.3 Ch•rltabl• fund• Unroslricted funds af• avall8bl8 u80 at thè dwelion d th• twstees #i futhgrance of th91r charitabl• objeclfves. Restric1 frJnd8 are subhect 5P8ofi¢ condNlon5 by dorK)rs or granth a$ to they may b8 us•d. The purposos and uses offv reStrf furbts are sel rArt in Ihe nots8 10 Ihe flnanfial statsments. Endowment fLmds arn 8ubJ8d to SF¢ofic by that the rAprtal must be malntainèd by the tharfty. 1A In¢om• Incomo Is recognis8d whw ihe charfty b5 lèg81ty entrtsd to It aft8r any perfrymanco c¢)ndfaon$ have b8en met, Ihè gmounts ¢8n be m6a5ur8d rèllably 8nd il is probable Ih8t Inrne VAII bo receiv¥d. Cash donattons are recognised on rp1. Olhgr donatMJnJ are recognlsad orKe thè chartty ha8 been notified of the donatn. nsS pgrfomwnce dIon$ require deferral of th8 8munt. Ino)mè tsx re¢overable in relation lo dcellOnS UJer GiftAKI or of covonanl is recx)gni$8d at Ihe time of the donatlon. Legacies are recogni5ed on rec8iPt otherwise rf the dwrity has been notified of an impent1ing dislribulion, th8 amount is known, aTrJ receipt is gxpectsd. If Ihe anKyJnl is not kno, th8 lega is treated as a conlirvJent asset. 1.5 Expondllure Expenditure is rncogntsed onc there is a 01 or construclive obipJation to transfer economK benefit lo a third party. it is probablè that o trdnsfer of trnfiL8 b8 requwod in sgtuement and the amount of tho ObligaOn can be me8sured relialAy. 1.6 Tanglblo Ilxod assets Tangthle fixed assets are inilially measurwj al cost arKI subse(wenty m88swed at cost or velualth, nel of depreCiatn an(J any impalml b)ss8s.
CHABAD LUBAVITCH BRICKEf WOOD & DISTRICTS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 8 MAY 2024 Accountlng poll¢l•s L)epreci81ion is rec(wJnised so as to wrlte off th8 rnsl valu) of a8sets18ss thor residual value5 over thgir U8è1ul livos on lojirywiry IContlnu•dl Fixtures and fftbngs 10% pw annum cct Th8 gain or1058 arising on th8 dp(l of an as8et i8 detwminJ as the dilf8ren( b8trfftn tho 8abg proceeds tho ¢wrying vglu8 of the asset and 15 roc(W8¢d in the statsment of finonaal activitiès. 1.7 C•ih and ¢••h equlvl•nts Cash and cash equivalents indude eash In hand, deplt5 hekl 81 call wllh banks, other short-torm liquid inv8slments with original maluritses of thrtt mnths or less. and bank overdrafts. Bank ov$rdrafts are shown within borrowlngs In cwgnt liabdities. B•sk flnAncl•l •u•ts Basic financial assets, which indude d8bknrs and cash and bank balancrt, 8re initally m8asured 01 transaction price indling transadK)n costs and are subsequantty carried at aftrti cost using the effectivè Interast mathod unl0S5 the arrang8ment constitutes a financ4ng transion. vthère the transaction is measured at the present valu8 of ihe future feceipts di8COLM)ll at a markgt rale of intere8L Flnancial as¥•t8 d8ssifieiJ as receivable within one year arn not amorti8•I. Bslc Iln•nclal Il•bllltl•s Basic financial liabilikn•8, indudiry rxeditors, are inrti8lly r8(wnised at transactKffj prlce unless the arrangemgnt con8tituts8 a financing tran89ctitin. whwe th8 debl instrument me8sured at the present Value ol the future paymonts discounted at a m8thet r8tg of intaresl. Financaal Ilabilitigs dassifi8d 88 pay8ble wlthln e year are Il amorli8èd. Crltlul •¢¢ountlng mtImat •nd ludg•m•nts In the apatIOn of the dwntys accounb'ry FdirA86. tho tw$t8es rnquired to mak• judgements. esiimates and assumpthons aboL51 the carrwng amount of assets and liabllitss that 8fe not readily app8r8nl from other sourcgs. Thè estsmales aThJ 8SSOCi8ted assumptions 8re based on hith1 experience and othèr factor3 Ih8t are considered to be raVant. Ath81 resulls may differ from these estimate8. The 88tlmate8 ond und¢rtylTrJ aSsunwtiS arè reviawod on an ongoing basis. Revisions lo accounting èsUmales gre r8cognKs8d In th8 period in whith thg estimale 1$ revi8ed wthere the rgVi5ion affecis ¢)nly that period. oc in thg parKd of Ihe lSl and fvture perlods where the re$n afferjs both current and futura pèriods. Incom• from donatloM and acl Unr•¢td Unr•strl¢t•d fund$ fund• 2024 2023 29.691 20,86T Donations 8nd gfts Grants 30.491 21.667
CHABAD LUBAVITCH BRICKET WOOD & DISTRICTS NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 8 MAY 2024 Exndlur• on charltsble actlvlll Unr•strl¢ted Unro$trlct•d funds funds 2024 2023 Dlrnct costs Sabbath and fe8kn18vènts Rent Celebr8nts Synagogue upkeep Insurar Office and adminlstrative exFseY 5,755 6,000 4,000 1,101 307 1,757 21,766 6.CKJO 1,$94 803 2.323 39,486 18.920 Oth•r •xp•ndltur• 2024 2023 974 513 192 350 180 AdvertlsirYJ ProfeSonal foes Aecounlanty f9¢8 Bank ch8rg88 D¢predat¥)n 100 2.148 1,331 Trust4•9 None of the trvstee8 lor any pwwns nneced th8m) rnC8Ned 8ny rwnun¢ratiM or benofrts from the Charity during ihe year. Employ Thero were no 8mpboyg8s dudng the ygar (213- nrml. Taxatlon The charity is exgmpl from taxation actswbes boL*use all its inc£Mne 18 applth for Chantab purposes. 10-
CHABAD LUBAVITCH BRICKEf WOOD & DISTRICTS NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 8 MAY 2024 Tanglblo fixed •s8ets Flxtur•$ and ttlngs Co•t At 9 May 2023 At 8 May 2024 Depr•clatl¢)n and lThpalrm•nt At 9 May 2023 Depr8claknon chwgod in the year 96 Al 8 May 2024 Carrylng •mount At 8 Mgy 2024 800 At8 May 2023 10 Cr•dltor•: amounts tsllln9 du• wlthln on• y••r 2024 2023 othor crodit Accruals and d8leff•d Incom 12,733 380 1.851 350 13,113 2,001 11 Unrfrstrld•d funds The unreslrict8d fvnds ofthe th8wty I)P8 thg un9xF b8kne•s of d¢)nalions and grants whlch èro not subjact to spwfic conditions by donots and grantors as ¢0 how they may be u8¢d. Those indud? d$snated fuNl$ havg be•n set 8sKlè out of unrestrict8d funds by the tntstees for specAfi¢ purposes. At 9 Ilay 2023 Incomlng R••ourc•• At 8 My 2024 rOUrceS •xpended 19.7271 Gengral furKbs 1.416 30,491 (41,8341 Previous perfod: At 9 Ilay 2022 Ineomlng R•sOur$ At 8 May 2023 2,747 General fijnds 21.667 (18.9201 11
CHABAD LUBAVITCH BRICKET WOOD & DISTRICTS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 8 MA Y 2024 12 R•latgd party trans•ctlon8 There werè no disdosable rdaied porty trarwtions durirYJ tho year {2023- non&). 12-