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2024-05-31-accounts

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REB SHAYELE'S KITCHEN

INDEPENDENT EXAMINER REPORT

YEAR ENDED 31 MAY 2024

I report on the accounts of the charity for the year ended 31 May 2024 set out on pages 6 to 9.

Respective Responsibilities of Trustees and Independent Examiner

The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (“the Act”) and that an independent examination is needed.

It is my responsibility to:

Basis of Independent Examiner’s Statement

My examination was carried out in accordance with the general directions given by the Charity Commission. An examination includes a review of the accounting records 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 seeking explanations from the trustees concerning any such matters. 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 the report is limited to those matters set out in the statement below.

Independent Examiner’s Statement

In connection with my examination, no matter has come to my attention:

Js&Co Accountants Ltd 26 Theydon Road London E5 9NA

25[th] March 2025

-5-

REB SHAYELE'S KITCHEN

STATEMENT OF FINANCIAL ACTIVITIES

for the year ended 31 May 2024

Notes
INCOMING FROM
Incoming resources from generated funds
4
Donations and Grants
Total Incoming resources
EXPENDITURE ON
Charitable activities
5,6
Total resources expended
NET INCOMING/(OUTGOING)
RESOURCES
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
Restricted
2024
2023
Funds
Funds
Total Funds
Total Funds
£
£
£
£
391,000
20,000
411,000
0
391,000
20,000
411,000
0
377,140
20,000
397,140
0
377,140
20,000
397,140
0
13,860
0
13,860
0
13,860
0
13,860
0
13,860
0
13,860
0

The Notes form part of the financial statements

Page 6

REB SHAYELE'S KITCHEN

2024
Notes
£
£
CURRENT ASSETS:
Cash at bank and in hand
15,000
15,000
CREDITORS: amounts falling
due within one year
8
-1,140
Net Current assets/(liabilities)
13,860
NET CURRENT ASSETS:
13,860
FUNDS
9
Unrestricted funds
13,860
TOTAL FUNDS
13,860
BALANCE SHEET
31-May-24		 2023
£
£
0
0
0
0
0
0
0		 2023
£
£
0
0
0
0
0
0
0
0
0
0

Approved by the board of Trustees on: 25 March 2025 And signed on their behalf by:

Trustee M H Kahan

The Notes form part of these financial statements

Page 7

REB SHAYELE'S KITCHEN

NOTES TO THE FINANCIAL STATEMENTS

for the year ended 31 May 2024

1 ACCOUNTING POLICIES

Accounting convention

These accounts have been prepared in accordance with the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (FRSSE) (effective January 2015). In preparing the accounts, the charity follows best practice as laid down in the Statement of Recommended Practice “Accounting and Reporting by Charities” (SORP) issued in March 2005. Where there is a conflict between the FRSSE and the SORP, the SORP has been adopted in accordance with paragraph 419ff of the SORP.

Incoming resources

All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy.

Resources expended

Expenditure is accounted for on 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.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

2 TRUSTEES REMUNERATION AND BENEFITS

No trustee received remuneration, allowance for or reimbursement of expenses.

3 RELATED PARTY

There were no related party transactions during the year

4 INCOMING FROM

Unrestricted Total Funds Total Funds
Funds Restricted Funds 2024 2023
£ £ £ £
Donations and Grants 391,000 20,000 411,000 0
5 COSTS OF CHARITABLE ACTIVITIES BREAKDOWN
Unrestricted Total Funds Total Funds
Funds Restricted Funds 2024 2023
£ £ £ £
Grants 376,000 20,000 396,000 0
376,000 20,000 396,000 0

Average number of employees, during the year was as follows: 0 (2023 0)

Page 8

REB SHAYELE'S KITCHEN

NOTES TO THE FINANCIAL STATEMENTS

for the year ended 31 May 2024

6 GOVERNANCE COSTS

Accountancy Unrestricted
Funds
Restricted
Funds
Total Funds
2024
Total Funds
2023
£
£
£
£
1,140
1,140
0
1,140
0
1,140
0

7 TAXATION

Peninim is a registered charity and therefore is not liable to income tax or

corporation tax on income derived from its charitable activities, as it falls within the various exemptions available to registered charities.

8 CREDITORS: AMOUNTS FALLING

DUE WITHIN ONE YEAR

Accruals
9
MOVEMENTS IN FUNDS
Restricted funds
General fund
Unrestricted funds
General fund
TOTAL FUNDS		 At 1.6.23
£
0
0		 2024
2023
£
£
1,140
0
1,140
0
Net movement
in funds
At 31.5.24
£
£
0
0
13,860
13,860
0 13,860
13,860

Net movement in funds, included in the above are as follows:

Restricted funds
General fund
Unrestricted funds
General fund
TOTAL FUNDS		 Incoming
resources
£
20,000
391,000		 Resources
Movement in
expended
funds
£
£
20,000
0
377,140
13,860
391,000 377,140
13,860

Page 9