REGISTERED CHARITY NUMBER: 278823
KAHAL CHASSIDIM BOBOV
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
Sugarwhite Meyer Accountants Ltd First Floor 94 Stamford Hill London N16 6XS
KAHAL CHASSIDIM BOBOV
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
| Page | |||
|---|---|---|---|
| Reference and Administrative Details | 1 | ||
| Report of the Trustees | 2 | to | 3 |
| Report of the Independent Auditors | 4 | to | 6 |
| Statement of Financial Activities | 7 | ||
| Balance Sheet | 8 | ||
| Cash Flow Statement | 9 | ||
| Notes to the Cash Flow Statement | 10 | ||
| Notes to the Financial Statements | 11 | to | 16 |
KAHAL CHASSIDIM BOBOV
REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 MARCH 2025
TRUSTEES L Stempel M Brinner (deceased 26.8.24) A D Fischman PRINCIPAL ADDRESS 87 Egerton Road London N16 6UE REGISTERED CHARITY 278823 NUMBER AUDITORS Sugarwhite Meyer Accountants Ltd First Floor 94 Stamford Hill London N16 6XS BANKERS HSBC Bank plc 312 Seven Sisters Road Finsbury Park London N4 2AW
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KAHAL CHASSIDIM BOBOV
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025
The trustees 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).
REFERENCE AND ADMINISTRATIVE INFORMATION
The information is shown on page 1 of the financial statements and forms part of this report.
OBJECTIVES AND ACTIVITIES
Objectives and aims
The objects of the charity are the advancement of the Orthodox Jewish Religion in general and in particular the worldwide organisation of the Grand Rabbi of Bobov.
The principal activity in achieving the objects is income from the operating of a voucher system, allowing donors control of their giving in an easy manageable, tax efficient manner.
The trustees confirm that they have given due regard the Charity Commission's guidance on public benefit.
Grantmaking policy
Grants on the unrestricted fund are made at the trustees discretion from their knowledge of the various institutions. On the restricted fund grants are made in accordance with the wishes of the donor, subject to checks being made that the donation is charitable and in line with objects of Kahal Chasidim Bobov.
ACHIEVEMENTS AND PERFORMANCE
Charitable activities
The charity is reliant on voluntary donations. There was a 32% increase in income over the previous year with a 28% increase in grantmaking and support costs slightly lower the charily had a surplus for the year. The charity continued to help numerous charities and institutions at various levels of funding under various categories as shown in note 2 to the financial statements.
FINANCIAL REVIEW
Reserves policy
It is the policy of the charity to maintain unrestricted funds at a level which the trustees think appropriate after considering the future commitments of the charity and the likely administrative costs for the next year. Restricted funds relate to funds of donors to the voucher system. At the year end unrestricted reserves were £705,345 (2024 - £656,884) and restricted reserves £355,554 (2024 - £338,005).
FUTURE PLANS
The trustees anticipate that the charity will continue on a similar basis in the foreseeable future subject to satisfactory income and there are no plans for any major changes.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Charity constitution
The charity is constituted by Declaration of Trust dated 16 August 1978.
Organisational structure and recruitment
The day to day running of the charity is done by a voluntary book keeper. The power to appoint new trustees is vested in the board. New trustees are appointed based on personal competence, specialist skills and experience They are inducted into the working of the charity by the current board and are given, in the view of the board, sufficient training to understand the nature of the charity and its working. They are also encouraged to read the Charity Commission's various publications on trustees.
Risk management
The trustees have reviewed the major risks that the charity faces and confirm that they have established systems to mitigate them.
STATEMENT OF TRUSTEES' RESPONSIBILITIES
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KAHAL CHASSIDIM BOBOV
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025
The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Charity law requires the trustees to prepare financial statements for each financial year. Under that law, the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).
Under charity law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011 and The Charity (Accounts and Reports) Regulations 2008. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the board of trustees on 28 January 2026 and signed on its behalf by:
A D Fischman - Trustee
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REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF KAHAL CHASSIDIM BOBOV
Opinion
We have audited the financial statements of Kahal Chassidim Bobov (the 'charity') for the year ended 31 March 2025 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
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In our opinion the financial statements:
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give a true and fair view of the state of the charity's affairs as at 31 March 2025 and of its incoming resources and application of resources, for the year then ended;
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have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
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have been prepared in accordance with the requirements of the Charities Act 2011.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
Other information
The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.
Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.
Matters on which we are required to report by exception
We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:
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the information given in the Report of the Trustees is inconsistent in any material respect with the financial statements; or
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sufficient accounting records have not been kept; or
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the financial statements are not in agreement with the accounting records and returns; or
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we have not received all the information and explanations we require for our audit.
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REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF KAHAL CHASSIDIM BOBOV
Responsibilities of trustees
As explained more fully in the Statement of Trustees' Responsibilities, the trustees are responsible for the preparation of the financial statements which give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.
Our responsibilities for the audit of the financial statements
We have been appointed as auditors under Section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
In performing an audit, we exercise professional judgment and maintain professional scepticism throughout the audit.
We also identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. The risk of not detecting a material misstatement resulting from fraud is higher than one for one resulting from error, as fraud may involve collusion, forgery, intentional omissions misrepresentation or override of internal control.
We obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of charity's internal control.
We evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements
We concluded whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about charity's ability to continue as a going concern for a reasonable period of time.
We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control related matters that we identified during the audit.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.
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REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF KAHAL CHASSIDIM BOBOV
Use of our report
This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for our audit work, for this report, or for the opinions we have formed.
Sugarwhite Meyer Accountants Ltd First Floor 94 Stamford Hill London N16 6XS
28 January 2026
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KAHAL CHASSIDIM BOBOV
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025
| Notes INCOME AND ENDOWMENTS FROM Donations and legacies Charitable activities Fee income Investment income 2 Total EXPENDITURE ON Charitable activities 3 Grantmaking Support Total NET INCOME/(EXPENDITURE) Transfers between funds 9 Net movement in funds RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted fund £ - 114,018 - 114,018 1,400 25,030 26,430 87,588 (56,420) 31,168 318,623 349,791 |
Restricted fund £ 2,469,387 - 2,142 2,471,529 2,510,400 - 2,510,400 (38,871) 56,420 17,549 338,005 355,554 |
2025 Total funds £ 2,469,387 114,018 2,142 2,585,547 2,511,800 25,030 2,536,830 48,717 - 48,717 656,628 705,345 |
2024 Total funds £ 1,860,719 89,912 1,974 1,952,605 1,961,105 19,756 1,980,861 (28,256) - (28,256) 684,884 656,628 |
|---|---|---|---|---|
The notes form part of these financial statements
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KAHAL CHASSIDIM BOBOV
BALANCE SHEET 31 MARCH 2025
| Notes CURRENT ASSETS Debtors Cash at bank CREDITORS Amounts falling due within one year 7 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 9 Unrestricted funds Restricted funds TOTAL FUNDS |
2025 £ 9,683 707,662 717,345 (12,000) 705,345 705,345 705,345 349,791 355,554 705,345 |
2024 £ 4,074 663,906 667,980 (11,352) 656,628 656,628 656,628 318,623 338,005 656,628 |
|---|---|---|
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:
A D Fischman - Trustee
The notes form part of these financial statements
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KAHAL CHASSIDIM BOBOV
CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2025
| Notes Cash flows from operating activities Cash generated from operations 1 Net cash provided by operating activities Cash flows from investing activities Interest received Net cash provided by investing 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 |
2025 £ 41,614 41,614 2,142 2,142 43,756 663,906 707,662 |
2024 £ 126,996 |
|---|---|---|
| 126,996 | ||
| 1,974 | ||
| 1,974 | ||
| 128,970 534,936 |
||
| 663,906 |
The notes form part of these financial statements
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KAHAL CHASSIDIM BOBOV
NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2025
1. RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES
| ACTIVITIES | ||
|---|---|---|
| Net income/(expenditure) for the reporting period (as per the Statement of Financial Activities) Adjustments for: Interest received (Increase)/decrease in debtors Increase/(decrease) in creditors Net cash provided by operations |
2025 £ 48,717 (2,142) (5,608) 647 41,614 |
2024 £ (28,256) (1,974) 158,425 (1,199) |
| 126,996 |
2. ANALYSIS OF CHANGES IN NET FUNDS
| At 1.4.24 | Cash flow | At 31.3.25 | |
|---|---|---|---|
| £ | £ | £ | |
| Net cash | |||
| Cash at bank | 663,906 | 43,756 | 707,662 |
| 663,906 | 43,756 | 707,662 | |
| Total | 663,906 | 43,756 | 707,662 |
The notes form part of these financial statements
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KAHAL CHASSIDIM BOBOV
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 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.
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.The following specific policies are applied to particular categories of income:
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donations are included in full in the Statement of Financial Activities when received.
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income tax recoverable in respect of gift aid donations received is accounted for on an accrual basis.
Expenditure
Resources expended are recognised in the year in which they are incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates. Expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and cost relating to the governance of the charity.
Support costs are those incurred to assist the work of the charity but are not direct charitable activities.
Governance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
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.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Going concern
There are no material uncertainties about the charity's ability to continue.
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KAHAL CHASSIDIM BOBOV
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
| 2. INVESTMENT INCOME Deposit account interest 3. CHARITABLE ACTIVITIES COSTS Grant funding of activities (see note 4) £ Grantmaking 2,511,800 Support - 2,511,800 4. GRANTS PAYABLE Grantmaking The total grants paid to institutions during the year was as follows: Advancement of education Advancement of religion Relief of poverty Medical Social welfare |
2025 £ 2,142 Support costs (see note 5) £ - 25,030 25,030 2025 £ 2,511,800 2025 £ 576,908 496,837 552,601 39,008 845,046 2,510,400 |
2024 £ 1,974 Totals £ 2,511,800 25,030 |
2024 £ 1,974 |
|---|---|---|---|
| 2,536,830 | |||
| 2024 £ 1,961,105 |
|||
| 2024 £ 558,375 227,978 975,003 30,098 165,458 |
|||
| 1,956,912 |
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KAHAL CHASSIDIM BOBOV
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
4. GRANTS PAYABLE - continued
5.
| Amud Hatzdokoh Trust | 172,803 160,000 103,715 85,729 81,326 74,881 71,966 53,426 52,650 50,033 47,028 44,384 43,099 37,000 36,010 34,557 33,303 33,003 31,095 30,920 1,233,475 2,510,400 2025 2024 £ £ 1,400 4,193 Governance costs Totals £ £ 7,356 25,030 2025 2024 Total Support activities £ £ 17,674 13,756 |
|---|---|
| Congregation Mikvah Tahara of Staten Island Inc. | |
| Chevras Mo'oz Ladol | |
| Friends of The Bobover Yeshivah | |
| One Heart Lev Echod | |
| The Egerton Road Trust | |
| Kupat Chaim Vchesed | |
| Mifal Hachesed Vehatzdokoh | |
| Mercaz Hatorah Belz Machnovke | |
| Friends of Beis Soroh Schneirer | |
| Friends of Beis Chinuch Lebonos | |
| Yeshuos Shabbos | |
| Yesamach Levav | |
| Lechem Shlomo | |
| Manna (UK Branch of Meir Panim) | |
| Chasdei Aharon Ltd | |
| Collel Chibath Yerushalayim | |
| Toirem | |
| North London Welfare and Educational Foundation | |
| Meirat Eynaim Breslaav | |
| Others under £30,000 | |
| The total grants paid to individuals during the year was as follows: Relief of poverty SUPPORT COSTS Other £ Support 17,674 Support costs, included in the above, are as follows: Other Cost of charitable activities |
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KAHAL CHASSIDIM BOBOV
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
5. SUPPORT COSTS - continued Governance costs
| SUPPORT COSTS - continued Governance costs |
||
|---|---|---|
| 2025 | 2024 | |
| Total | ||
| Support | activities | |
| £ | £ | |
| Auditors' remuneration | 3,000 | 3,000 |
| Auditors' remuneration for non audit | ||
| work | 3,000 | 3,000 |
| General expenses | 1,356 | - |
| 7,356 | 6,000 |
6. 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.
7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Other creditors ANALYSIS OF NET ASSETS BETWEEN FUNDS Unrestricted fund £ Current assets 361,791 Current liabilities (12,000) 349,791 MOVEMENT IN FUNDS At 1.4.24 £ Unrestricted funds General fund 318,623 Restricted funds Restricted fund 338,005 TOTAL FUNDS 656,628 |
Restricted fund £ 355,554 - 355,554 Net movement in funds £ 87,588 (38,871) 48,717 |
2025 £ 12,000 2025 Total funds £ 717,345 (12,000) 705,345 Transfers between funds £ (56,420) 56,420 - |
2024 £ 11,352 2024 Total funds £ 667,980 (11,352) 656,628 At 31.3.25 £ 349,791 355,554 705,345 |
|---|---|---|---|
8. ANALYSIS OF NET ASSETS BETWEEN FUNDS
9. MOVEMENT IN FUNDS
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KAHAL CHASSIDIM BOBOV
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
9. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Restricted fund TOTAL FUNDS Comparatives for movement in funds At 1.4.23 £ Unrestricted funds General fund 224,496 Restricted funds Restricted fund 460,388 TOTAL FUNDS 684,884 Comparative net movement in funds, included in the above Unrestricted funds General fund Restricted funds Restricted fund TOTAL FUNDS |
Incoming resources £ 114,018 2,471,529 2,585,547 Net movement in funds £ 67,937 (96,193) (28,256) are as follows: Incoming resources £ 91,886 1,860,719 1,952,605 |
Resources expended £ (26,430) (2,510,400) (2,536,830) Transfers between funds £ 26,190 (26,190) - Resources expended £ (23,949) (1,956,912) (1,980,861) |
Movement in funds £ 87,588 (38,871) 48,717 At 31.3.24 £ 318,623 338,005 656,628 Movement in funds £ 67,937 (96,193) (28,256) |
|---|---|---|---|
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KAHAL CHASSIDIM BOBOV
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
10. RELATED PARTY DISCLOSURES
Donations totalling £108,184 (2024 - £30,339) were made to two charities in which a trustee have an interest.
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