**REGISTERED CHARITY NUMBER:** ## **Report of the Trustees and** ## **Unaudited Financial Statements** ## **for the Period 1 November 2023 to 31 December 2024** ## **for** ## **Keren Shabbos** London Accounting Group Ltd 5 North End Road London NW11 7RJ **Keren Shabbos** ## **Contents of the Financial Statements for the Period 1 November 2023 to 31 December 2024** |||**Page**|| |---|---|---|---| |**Report of the Trustees**|1|to|2| |**Independent Examiner's Report**||3|| |**Statement of Financial Activities**||4|| |**Balance Sheet**||5|| |**Cash Flow Statement**||6|| |**Notes to the Cash Flow Statement**||7|| |**Notes to the Financial Statements**|8|to|10| |**Detailed Statement of Financial Activities**||11|| **Keren Shabbos** ## **Report of the Trustees for the Period 1 November 2023 to 31 December 2024** The trustees present their report with the financial statements of the charity for the period 1 November 2023 to 31 December 2024. 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 main object of the charity is the relief of poverty in the Orthodox Jewish Community in and surrounding areas of North London. ## **Significant activities** The primary objective of the charity is to identify bona-fide cases of genuine need, to whom discrete monthly deliveries of essential food items are provided from the generous donations of its donors. ## **Public benefit** The trustees confirm their compliance with the duty to have due regard to the Public Benefit guidance published by the Charity Commission when reviewing the Charity's aims and objectives in planning future activities. ## **Grantmaking** The charity also provides cash grants in case of extreme urgent need. However, this forms a small part of the charity's activities. ## **Volunteers** The charity is helped by volunteers from the community who assists in assessment of new applicants and monitor needs of the approved recipients. ## **ACHIEVEMENT AND PERFORMANCE** ## **Charitable activities** During the year the Trust continued its philanthropic activities and has maintained its support of many causes of poverty alleviation in London. The charity continued to identify bona-fide cases of genuine need, to whom essential food items including chicken, meat, milk, fish and fruits are provided with in their approved monthly limits. In events where food is delivered the delivering supplier is not aware of the identities of the recipients, and dependent members of the household are also not aware of the charitable nature of the delivery. This is true of in-store shopping as well. The charity also discreetly pays for private professional medical advice in case of urgent need in rare circumstances. The charity's analysis of expenditure is provided below: ## **FINANCIAL REVIEW** ## **Financial position** The Statement of Financial Activities shows a surplus for the year of £590,035. ## **Reserves policy** It is the Trust's policy to maintain unrestricted funds in order to ensure that it is in a position to continue its Grant-making activities at a level consistent with the demands made and to cover contingencies of additional calls being made upon the charity for support of cases in times of need. The unrestricted funds, which are represented by liquid funds held by the Trust, are considered to be adequate and will be reviewed periodically by the Trustees of the charity. ## **FUTURE PLANS** There are no significant future developments to report. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** Page 1 **Keren Shabbos** ## **Report of the Trustees for the Period 1 November 2023 to 31 December 2024** ## **STRUCTURE, GOVERNANCE AND MANAGEMENT Recruitment and appointment of new trustees** There have been 3 trustees throughout the period. Any new appointments are at the recommendation of the board. ## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number** ## **Principal address** ## **Trustees** B M Bleier (appointed 1.11.23) M Rosenthal (appointed 1.11.23) J J Scharfer (appointed 1.11.23) ## **WORKING NAMES** The charity also operates with the following working names: Tsaido Lebayis Approved by order of the board of trustees on ............................................. and signed on its behalf by: ........................................................................ M Rosenthal - Trustee Page 2 **Independent Examiner's Report to the Trustees of Keren Shabbos** ## **Independent examiner's report to the trustees of Keren Shabbos** I report to the charity trustees on my examination of the accounts of Keren Shabbos (the Trust) for the period 1 November 2023 to 31 December 2024. ## **Responsibilities and basis of report** As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act'). I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act. ## **Independent examiner's statement** Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies. I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Samuel Feigenblatt ACCA London Accounting Group Ltd 5 North End Road London NW11 7RJ Date: ............................................. Page 3 **Keren Shabbos** ## **Statement of Financial Activities for the Period 1 November 2023 to 31 December 2024** |||Unrestricted| |---|---|---| |||fund| ||Notes|£| |**INCOME AND ENDOWMENTS FROM**||| |Donations and legacies|2|961,367| |**EXPENDITURE ON**||| |**Charitable activities**|3|| |Relief of poverty||362,105| |Other resources expended||2,027| |Other||1,200| |**Total**||365,332| |**NET INCOME**||596,035| |**TOTAL FUNDS CARRIED FORWARD**||596,035| The notes form part of these financial statements Page 4 ## **Keren Shabbos** ## **Balance Sheet 31 December 2024** |||Unrestricted| |---|---|---| |||fund| ||Notes|£| |**CURRENT ASSETS**||| |Debtors|6|8,160| |Cash at bank|7|839,075| |||847,235| |**CREDITORS**||| |Amounts falling due within one year|8|(251,200)| |**NET CURRENT ASSETS**||596,035| |**TOTAL ASSETS LESS CURRENT**||| |**LIABILITIES**||596,035| |**NET ASSETS**||596,035| |**FUNDS**|9|| |Unrestricted funds||596,035| |**TOTAL FUNDS**||596,035| The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by: ............................................. M Rosenthal - Trustee The notes form part of these financial statements Page 5 **Keren Shabbos** ## **Cash Flow Statement for the Period 1 November 2023 to 31 December 2024** |Notes
**Cash flows from operating activities**
Cash generated from operations
1
Net cash provided by operating activities
**Change in cash and cash equivalents in**
**the reporting period**
**Cash and cash equivalents at the**
**beginning of the reporting period**
**Cash and cash equivalents at the end of**
**the reporting period**|£
839,075| |---|---| ||839,075| ||| ||839,075
-| ||839,075| The notes form part of these financial statements Page 6 **Keren Shabbos** ## **Notes to the Cash Flow Statement for the Period 1 November 2023 to 31 December 2024** |**1.**|**RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES**|**RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES**| |---|---|---| |||£| ||**Net income for the reporting period (as per the Statement of Financial**|| ||**Activities)**|596,035| ||**Adjustments for:**|| ||Increase in debtors|(8,160)| ||Increase in creditors|251,200| ||**Net cash provided by operations**|839,075| ## **2. ANALYSIS OF CHANGES IN NET FUNDS** ||At 1/11/23|Cash flow|At 31/12/24| |---|---|---|---| ||£|£|£| |**Net cash**|||| |Cash at bank|-|839,075|839,075| ||-|839,075|839,075| |**Total**|-|839,075|839,075| The notes form part of these financial statements Page 7 **Keren Shabbos** **Notes to the Financial Statements for the Period 1 November 2023 to 31 December 2024** ## **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. The reporting currency of the charity is UK pound sterling. ## **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. ## **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. ## **2. DONATIONS AND LEGACIES** |Donations
**3.**
**CHARITABLE ACTIVITIES COSTS**
Relief of poverty
Other resources expended|Direct
Costs
£
362,105
26
362,131|Support
costs (see
note 4)
£
-
2,001
2,001|£
961,367| |---|---|---|---| ||||Totals
£
362,105
2,027| ||||364,132| continued... Page 8 ## **Keren Shabbos** **Notes to the Financial Statements - continued for the Period 1 November 2023 to 31 December 2024** |**4.**
**SUPPORT COSTS**
Other resources expended
Other resources expended
**5.**
**TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the period ended 31 December 2024.
**Trustees' expenses**
There were no trustees' expenses paid for the period ended 31 December 2024.
**6.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Other debtors
**7.**
**CASH AT BANK**
Bank account no. 1
Bank account no. 2
Total
**8.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Other creditors
**9.**
**MOVEMENT IN FUNDS**
Net
movement
in funds
£
**Unrestricted funds**
General fund
596,035
**TOTAL FUNDS**
596,035|Governance
costs
£
1,200
2,001
3,201
£
8,160
Total
funds
£
578,740
260,335
839,075
£
251,200
At
31/12/24
£
596,035
596,035| |---|---| ||| ||| continued... Page 9 **Keren Shabbos** ## **Notes to the Financial Statements - continued for the Period 1 November 2023 to 31 December 2024** ## **9. MOVEMENT IN FUNDS - continued** Net movement in funds, included in the above are as follows: |**Unrestricted funds**
General fund
**TOTAL FUNDS**|Incoming
resources
£
961,367
961,367|Resources
Movement
expended
in funds
£
£
(365,332)
596,035
(365,332)
596,035|Resources
Movement
expended
in funds
£
£
(365,332)
596,035
(365,332)
596,035| |---|---|---|---| ||||596,035| ## **10. RELATED PARTY DISCLOSURES** The trustees of Keren Shabbos are also trustees of Community Concern London. During the year, the charity received a grant of £674,627.06 from Community Concern London. As at the Balance Sheet date, the Charity owed the sum of £250,000 to Community Concern London. Page 10 **Keren Shabbos** ## **Detailed Statement of Financial Activities for the Period 1 November 2023 to 31 December 2024** |**Detailed Statement of Financial Activities**
**for the Period 1 November 2023 to 31 December 2024**|| |---|---| |**INCOME AND ENDOWMENTS**
**Donations and legacies**
Donations
**Total incoming resources**
**EXPENDITURE**
**Charitable activities**
Relief of poverty
Bank charges
**Support costs**
**Governance costs**
Sundries
Accountancy fees
Total resources expended
**Net income**|£
961,367| ||961,367
362,105
26| ||362,131
2,001
1,200| ||3,201| ||365,332| ||596,035| This page does not form part of the statutory financial statements Page 11