DUIYMOS C.I.O FINANCIAL STATEMENTS FOR THE PERIOD 11 OCTOBER 2023 TO 30 JUNE 2024 Charity Number 1205162 ROSENTHAL & CO. Chartered Accountants 74 WhilLhall Road Gateshead T}'ne & Wear NE8 4ET DUNMOS C.I.O. MEMBERS OF THE BOARD AND PROFESSIONAL ADVISERS Trustees B.Dunner N.Dunner D.Fordsham Charih. Number 1205162 Address Derwent House Lakeside Court Fifth Avenue Business Park Team Valley Trading Estate Gateshead NE11 ONL Accountants Rosenihal & Co. Chartered Accounlants 74 Whitehall Road Gateshead Tyne & Wear NE8 4ET DUNMOS C.I.O. TRUSTEES ANNUAL REPORT PERIOD ENDED 30 JIJNE 2024 The truslees present their report and the financial statements of the chartty for the period I I October 2023 to 30 June 2024. During this period the charity was dorniant. REFERF.NCE AND ADMINISTRATIVE DETAILS Refercnce and administrative details are shown in the schedule of members of the board and professional advisers on page l of th¢ financial statements. THE TRUSTF.ES The trustees who served the charity during the period were as follows.. Mr B.Dunner Mrs N.Dunner Mr D.Fordsham STRUCTURE, GOVERNANCE AND MANAGEMENT GoverninE Doeument 'rhe organisation is run by truslees and is governed by a C.l.O. Foundation Consiitulion. Appotntment, Training and Recruitment of Trustees The trustees administer the day-to-day affairs of ihe charity. They are all experienced trustee.s and act in an honorary Capacity. It is not currently the intention of the trustees of the charily to appoini new trustees. Should the situation change in tuture, the trusteLs will appl). Suilablc recrnitment and training procedures. All trustees give their titnc fv.0lunt￿I1), and no benefii or expenses were paid to them in the year. None of the truslees have any beneficial interest in the chariiy. Risk ManaRement 'I"he Iruslees have identified and reviewed the major risks to which the charity is exposed. in particular those related to the operations and finance of the charity. are satisfied that systems are in place to miligate those risks. Financial risk mgnagement and policies The charity holds or issues financial instruments in order to achieve three main objeciives bcing.. a) ro finance its operations; b) to manage its exposure to interest and currency risks arising from operations and from its sources of finance. and c) for generdting funds. DUNMOS CHARITABLE TRUST TRUSTEES AIYNUAL REPORT (continued) PERIOD ENDED 30 JUNE 2024 In addition various financial instruments (e.g. debtors, creditors. accrua15 and prepayments) arise directly from the charity's operalions. C.'redit risk The charilv monitors credit risk Closely and considers that its current wlicies of credit risk checks meets ils objectives of managing exposure to credit risk. The charity has no sigynificani concentrations of credit risk. Amounts shown in the balance sh¢et best represenl the maximum credit risk exposure in the event oth¢r parties fail to perform their obligJation5 undcr the financial instruments. It is recogntsed that systems can only provide rea.80nable but not absolute assurance that major risks hav¢ been adequately managed. Related Party Transactions All related party transactions have been disclosed tn the financial staiemenls. ORIECTIVES AND ACTIVITIES Objeetives The objeltives of the CIO are: {1) Thc relief of the poor, sick. feebl¢ and frail throughout the world and in particular. but not exclusively, amongst the members of the Jewish faith, (li) 'fhe adN'ancement of the orthodox Jewi%h t"ailh, (iii) The advancement of orthodox Jewish religious education. Activities The charity is tn the process of transferring all assets from Dunmos Charitable Trust, replacing that charity. The income of the charity will be derived from investments and from donations frorn the truslLLs and thcir associates. The aim is to distribute the income of the charitv to organisations that fall within the objectives of the charity. The truslees wtll support those organisati0115 deemed to promote the objectives of this charity. The ITUStees confinn their compliance with the duty to have duc re&7ard to the public benLfit bJuidance published by the Charity Commission when reviewing lh¢ charity"s aims dnd objectives and in planning future activities. ACHIEVEMENTS AND PERFORMANCE During th¢ year the charity was focusing on transferring assets from Dunmos CharÈtable Trusl to il%elf. but duL to recent prc%sures reslilting from the Russ]￿kraIne war and othLr worldw'ide upheavals the trnstee meetings were overwhelmed. However it is expected that within 18 months this chartty will be fully functioning. DUNMOS C.I.O. TRUSTEES ANNUAL REPORT {continued) PERIOD ENDED 30 JUNE 2024 FINANCIAL REVIEW The charity is reliant on the income from its investment properties and on voluntary income. Investment Powers and Policy In accordance with the constitution, Ihe Charity has the power to make any investment whiLh the trustees see fit. The trustees regularly review the charity's position and needs in respcct of the inv¢stment policy. The Irustees, havtng regard to the liquidity of th¢ charity and reserves policy, op¢rate a policy ol. holding available funds in interest beartng deposit accounts. Cirant Making PoRiey 1.he charity accepts applications for grants from representatives of chariiies operating all over l.ngla]id and abr()ad, N'htch are reviewed by the trustees on a regular basis. The t￿SteeS consider all requests which they receive and make donations based on the level of funds availjble. Reserves Policy It is the policy of the charity to mainlain unrestricted fund.8: which are the free reserves ()f the charity, at a level which the trustees think appropriale after considering the future ommitments of the charily and the likely administrative costs of the Charity for ihc next year. PI.ANS FOR FUTURE PEIUOD l-he charity plan5 to carry out activities outlined above in th¢ forthcoming years subject to satisfactory Éncoming resources. DUNMOS C.I.O. TRUSTEES ANNiyAL REPORT (continued) PEIUOD ENDED 30 JUNE 2024 STA TEMENT OF TRUSTEES, RESPOIYSIBILITIES Ihe trustees are responsible for preparing the Trustees Annual Report and the financial statements in accordance with applicable law and regulalions and United Kingdom AcLounling Standards (United Kingdom Generally Accepted Accounting Practice). The law. applicable to charities in England and Wales requires the trustees lo prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitj" and of the incoming resources and application of resources of thL charity for thai period. In preparing these financial statements. the trustee5 are required to.. select suitable accounting policies and then apply them Lonsisienily. observe the methods and principles in the Charities SORP. make judgements and accounting esttmates that are reasonable and prudent. pr¢pare the financial statements on the going concern basis unless it 15 inappropriate to presume that the charity will continue in operation. The trustee5 are responsible for keeping proper accounting reLords that disclose with reasonable accuracy at any time the financial position ot Ihe charity and enable them to ensure that the financial statements comply with th¢ Charities Act 2011, the Ch(trity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. The} are a150 responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregulariiies. INDEPENDEIYT EXAMINER Rosenthal & Co. have been re-appointed as independent examiner for the ensuing year. Bernard Dunner Date: ly/,,/ INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF DUN.MO.S C.I.O. FOR THE PERIOD 30 JUNE 2024 I report on the accounts of the trust for the period ended 30 June 2024, ￿.hICh are set out on pages 7 to l O. RESPF.CTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER 'I'he Lharity's trustees consider that an audit is not required for ihis year (und¢r section 144(2) L)f th¢ Charities Act 2011 (the 201 l Acl). and that an independent examination is needed. It is my responsibility to.. examine the accounts (under section 145 of the 2011 Act). to follow the procedures laid dou￿ in the General Directions given by Ihe Charity Commission (under section 145(5)(b) of the 201 l Act. and io slate whether particular matters have com¢ to my attention. BASIS OF INDEPENDENT EXAMINER'S STATEMENT Mv Lxamination was Ca￿led out in accordance with the GeneraI Direction5 given by the Charil). Commissioners. An examination includes a review of the accounting records kept by the eharity 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 >'ou as trustees concerning any such matters. The procedures undertaken do not provtde all the evidence that would be required in an audit, and consequently no opinion is given as lo vhether the accounis present a 'true and fair view, and the report is limited to those matters set out in the statement below. INDEPENDENT EXAMINER'S STATF.MENT In connection with my examination. no matter h&$ come to mj attention.. {]) which gives me reasonable cause to believe thai, in any material respect, the requirement8'. a) lo keep accounting records in accordance wÈth section 130 of the 201 l Act. and b) to prepare accounts which accord with the accounting records and ¢omplJ ￿'1th ihe accounting requirements of the 2011 Act have not been tnet. OT (2) lo which, in my opinion. attenlion should be drawy) in order lo enable a proper understanding of the accounts to be reached. Rosenthal & Co Chartered Accountants 74 Whitehall Road Galeshcad Tyne & Wear NE8 4ET Date: 14 14 015 DUNMOS C.I.O. BALANCE SHEET AS AT 30 JUNE 2024 O)onnant Aeeounts) 2024 FIXED ASSETS CURRENT ASSETS CRTr:DITORS..Amount8 F8llRng Due Within One Year NET CURRENT ASSETS CREDITORS..Amounts Fallfftng Due After More Than One Year NET ASSETS FUNDS Unrestricted Funds The Charity is entitled to exemption from audii for the period 30 June 2024. The tn15tees have not required the charity to obtain an audit of its fjnancial slalements for the year ended 30 June 2024. The trustees a¢knowledge their responsibilities for a} ensuring that the charity keeps accouniing records that comply with the Charilies Act 2011 and b) preparing financial statements which give a true and fair view of the state of affairs of the eharilable trust as at the end of each financial year and ot. its SU￿lUS or dLficii for each financial year in accordance with the requiremcnts of the Charitics Act 2011 relating to financial statements, so far as applicable to the trust. The fiiiancial statements have been prepared in accordance with the special provisions of the Charittes Act 2011 relating to small charitable trusts and with th¢ Financial R¢porting Sidndard for Smaller Entities (effective January 2008). 'I'he accounts on pages 7 to 8 were approved by the Board of Trustees and signed on its behalf bv.. Ber rd Dunner r)ate: ly DUNMOS C.I.O. NOTES TO THE FINANCIAL ACCOUNTS FOR THE PERIOD ENDED 30 JUNE 2024 I. ACCOiINTING CONVENTION AND POLICIES The ac¢ounts have been prepared under the htstorical cost convention, and in accordance with applicable accounting standards, including th¢ SORP "Accounting for Charities" Donatlons and Gifts are accounted for on a receivable basis. E¥penditurc on management and administration of the charity includes all expenditure not directly related to the charitable activities or fundraising activitie5. 2. TAXA'fioN The tn]st is a registered charity and accordingly is exempt from taxation on its income and gains where they are applied for charitable purposes. 3. RELATF.D PARTY T114NSACTIONS None of the trustees were paid any remuneration or expenses by the charity during the current or previous year.