REGISTERED COMPANY NUMBER: 00831219 (England and Wales) REGISTERED CHARITY NUMBER: 272746
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
FOR
SERVUS (BENEVOLENT FUND) LIMITED
Venitt and Greaves Chartered Accountants 115 Craven Park Road South Tottenham London N15 6BL
SERVUS (BENEVOLENT FUND) LIMITED
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Statement of Financial Position | 5 | to | 6 |
| Notes to the Financial Statements | 7 | to | 12 |
| Detailed Statement of Financial Activities | 13 |
SERVUS (BENEVOLENT FUND) LIMITED
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2025. 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 objects of the charity are the furtherance of the Orthodox Jewish religion by way of support to educational institutions, assisting in the reduction of poverty and granting help for charitable causes at the discretion of the trustees.
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 and setting grant making policy for the year.
Grantmaking
Grants are made at the discretion of the trustees and in accordance with the principal objectives of the charity.
ACHIEVEMENTS AND PERFORMANCE
Charitable activities
During the year under review the charity received donations that amounted to £15,001 (2024: £5,000) and paid donations that amounted to £21,340 (2024: £27,170).
Investment performance
During the period the charity received rent that amounted to £14,029 (2024: £22,031).
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, its memorandum and articles of association, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
Recruitment and appointment of new trustees
It is not currently the intention of the trustees of the charity to appoint new trustees. Should this situation change in the future, the trustees will apply suitable recruitment and training procedures.
Related parties
No related parties transaction to report during the year.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
00831219 (England and Wales)
Registered Charity number
272746
Registered office
115 Craven Park Road London N15 6BL
Page 1
SERVUS (BENEVOLENT FUND) LIMITED
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025
Trustees
J Grunhut Mrs C Fogel
Independent Examiner
Malcolm Venitt Venitt and Greaves Chartered Accountants 115 Craven Park Road South Tottenham London N15 6BL
Approved by order of the board of trustees on 28 January 2026 and signed on its behalf by:
J Grunhut - Trustee
Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SERVUS (BENEVOLENT FUND) LIMITED
Independent examiner's report to the trustees of Servus (Benevolent Fund) Limited ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2025.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act 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; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
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.
Malcolm Venitt
Venitt and Greaves Chartered Accountants 115 Craven Park Road South Tottenham London N15 6BL
28 January 2026
Page 3
SERVUS (BENEVOLENT FUND) LIMITED
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025
| 31.3.25 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 15,001 Investment income 2 14,029 Total 29,030 EXPENDITURE ON Raising funds 3 110 Charitable activities Charitable 24,299 Other 960 Total 25,369 NET INCOME/(EXPENDITURE) 3,661 RECONCILIATION OF FUNDS Total funds brought forward 153,432 TOTAL FUNDS CARRIED FORWARD 157,093 |
31.3.24 Total funds £ 5,000 22,031 27,031 - 27,170 1,936 29,106 (2,075) 155,507 153,432 |
|---|---|
The notes form part of these financial statements
Page 4
SERVUS (BENEVOLENT FUND) LIMITED
STATEMENT OF FINANCIAL POSITION 31 MARCH 2025
| 31.3.25 Unrestricted fund Notes £ FIXED ASSETS Investment property 6 645,610 CURRENT ASSETS Debtors 7 56,000 Investments 8 102 Cash at bank 16,481 72,583 CREDITORS Amounts falling due within one year 9 (536,698) NET CURRENT ASSETS (464,115) TOTAL ASSETS LESS CURRENT LIABILITIES 181,495 CREDITORS Amounts falling due after more than one year 10 (24,402) NET ASSETS 157,093 FUNDS 13 Unrestricted funds 157,093 TOTAL FUNDS 157,093 |
31.3.24 Total funds £ 181,765 56,000 102 9,953 66,055 (60,704) 5,351 187,116 (33,684) 153,432 153,432 153,432 |
|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
Page 5
continued...
SERVUS (BENEVOLENT FUND) LIMITED
STATEMENT OF FINANCIAL POSITION - continued 31 MARCH 2025
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 28 January 2026 and were signed on its behalf by:
J Grunhut - Trustee
C Fogel - Trustee
The notes form part of these financial statements
Page 6
SERVUS (BENEVOLENT FUND) LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, 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 Companies Act 2006. 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.
Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Statement of Financial Activities.
Taxation
The charity is exempt from corporation 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. INVESTMENT INCOME
| INVESTMENT INCOME | ||
|---|---|---|
| 31.3.25 | 31.3.24 | |
| £ | £ | |
| Rents received | 13,950 | 21,943 |
| Interest receivable | 79 | 88 |
| 14,029 | 22,031 |
continued...
Page 7
SERVUS (BENEVOLENT FUND) LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
3. RAISING FUNDS
Investment management costs
| Investment management costs | |||
|---|---|---|---|
| 31.3.25 | 31.3.24 | ||
| £ | £ | ||
| G.Rent and Service charges | 110 | - |
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | |
|---|---|
| fund | |
| £ | |
| INCOME AND ENDOWMENTS FROM | |
| Donations and legacies | 5,000 |
| Investment income | 22,031 |
| Total | 27,031 |
| EXPENDITURE ON | |
| Charitable activities | |
| Charitable | 27,170 |
| Other | 1,936 |
| Total | 29,106 |
| NET INCOME/(EXPENDITURE) | (2,075) |
| RECONCILIATION OF FUNDS | |
| Total funds brought forward | 155,507 |
| TOTAL FUNDS CARRIED FORWARD | 153,432 |
continued...
Page 8
SERVUS (BENEVOLENT FUND) LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
6. INVESTMENT PROPERTY
| FAIR VALUE At 1 April 2024 Additions At 31 March 2025 NET BOOK VALUE At 31 March 2025 At 31 March 2024 7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other debtors 8. CURRENT ASSET INVESTMENTS Unlisted investments 9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Rent deposit Loan account Accrued expenses |
31.3.25 £ 56,000 31.3.25 £ 102 31.3.25 £ 7,000 528,738 960 536,698 |
£ 181,765 463,845 |
||
|---|---|---|---|---|
| 645,610 | ||||
| 645,610 | ||||
| 181,765 | ||||
| 31.3.24 £ 56,000 31.3.24 £ 102 |
||||
| 31.3.24 £ 7,000 52,744 960 |
||||
| 60,704 |
continued...
Page 9
SERVUS (BENEVOLENT FUND) LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
| 10. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||
|---|---|---|---|
| 31.3.25 | 31.3.24 | ||
| £ | £ | ||
| Other loans (see note 11) | 24,402 | 33,684 | |
| 11. | LOANS | ||
| An analysis of the maturity of loans is given below: | |||
| 31.3.25 | 31.3.24 | ||
| £ | £ | ||
| Amounts falling due in more than five years: | |||
| Repayable by instalments: | |||
| Other loans more 5yrs instal | 24,402 | 33,684 | |
| 12. | SECURED DEBTS | ||
| The following secured debts are included within creditors: | |||
| 31.3.25 | 31.3.24 | ||
| £ | £ | ||
| Other loans | 24,402 | 33,684 |
Under the bank loan, £33,684 was received under Bounce back Loan Scheme (BBL). The loan is unsecured, interest free for the first year, then capped at 2.5% afterwards and backed by HM Government.
13. MOVEMENT IN FUNDS
| Unrestricted funds General fund TOTAL FUNDS Net movement in funds, included in the above are as follows: Unrestricted funds General fund TOTAL FUNDS |
At 1.4.24 £ 153,432 153,432 Incoming resources £ 29,030 29,030 |
Net movement At in funds 31.3.25 £ £ 3,661 157,093 3,661 157,093 Resources Movement expended in funds £ £ (25,369) 3,661 (25,369) 3,661 |
At 31.3.25 £ 157,093 |
At 31.3.25 £ 157,093 |
|---|---|---|---|---|
| 157,093 | ||||
| 3,661 |
continued...
Page 10
SERVUS (BENEVOLENT FUND) LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
13. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| At 1.4.23 £ Unrestricted funds General fund 155,507 TOTAL FUNDS 155,507 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 27,031 TOTAL FUNDS 27,031 A current year 12 months and prior year 12 months combined position is as follows: At 1.4.23 £ Unrestricted funds General fund 155,507 TOTAL FUNDS 155,507 |
Net movement At in funds 31.3.24 £ £ (2,075) 153,432 (2,075) 153,432 Resources Movement expended in funds £ £ (29,106) (2,075) (29,106) (2,075) Net movement At in funds 31.3.25 £ £ 1,586 157,093 1,586 157,093 |
At 31.3.24 £ 153,432 |
|---|---|---|
| 153,432 | ||
| 157,093 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 56,061 | (54,475) | 1,586 |
| TOTAL FUNDS | 56,061 | (54,475) | 1,586 |
continued...
Page 11
SERVUS (BENEVOLENT FUND) LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
14. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2025.
Page 12
SERVUS (BENEVOLENT FUND) LIMITED
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025
| 31.3.25 | 31.3.24 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Gifts | 1 | - |
| Donations | 15,000 | 5,000 |
| 15,001 | 5,000 | |
| Investment income | ||
| Rents received | 13,950 | 21,943 |
| Interest receivable | 79 | 88 |
| 14,029 | 22,031 | |
| Total incoming resources | 29,030 | 27,031 |
| EXPENDITURE | ||
| Investment management costs | ||
| G.Rent and Service charges | 110 | - |
| Charitable activities | ||
| Grants to institutions | 21,340 | 27,170 |
| Support costs | ||
| Management | ||
| Sundries | 34 | - |
| Finance | ||
| Bank charges | 98 | 86 |
| Other | ||
| Bank loan interest | 947 | 890 |
| Governance costs | ||
| Accountancy fees | 960 | 960 |
| Legal fees | 1,880 | - |
| 2,840 | 960 | |
| Total resources expended | 25,369 | 29,106 |
| Net income/(expenditure) | 3,661 | (2,075) |
This page does not form part of the statutory financial statements
Page 13