Docusign Envelope ID: 6B0B5244-514B-4F82-8793-8A1084B73DF6
Tami’s Diary A year at Beth Jacob Foundation
ANNUAL ACCOUNTS AND FINANCIAL STATEMENT 2024
Year ended 30 September 2024
Docusign Envelope ID: 6B0B5244-514B-4F82-8793-8A1084B73DF6
| CONTENT: | |
|---|---|
| Chair’s Statement | 4 |
| mission and vision | 7 |
| Projects and Impact | 8-11 |
| Beneficiary Stories | 12-13 |
| Future Plans | 14 |
| Highlights of the year | 16-17 |
| Report of the Trustees | 18-19 |
| Independent Examiner’s Report | 20 |
| Statement of Financial Activities | 21 |
| Balance Sheet | 22 |
| Notes to the Financial Statements | 23-27 |
| Detailed Statement of Financial Activities | 28 |
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Chair Statement
The end of this year marks the completion of another period full of nurturing and inspiration at Beth Jacob Foundation. Over 800 girls participated in our programs this year; 180 in our afterschool clubs, 600 in special drama productions, 110 in our getaway camp, and many more in volunteering drives, weekly gatherings and our internal magazine.
Here is where it is appropriate to express gratitude to our dedicated volunteers, who give selflessly of their time to provide opportunities for girls in the community. It is with this in mind, that we seek to enhance, enlarge and develop our activities to further impact change on our users.
This year, we identified increased need for our services and have enacted much needed improvements to our delivery. In response to users’ feedback, we are seeking to expand our capacity, enhance our procedures, and include more girls in our programmes.
As demand is growing, we are delighted and grateful for BJ’s incredible progress. At the same time, we are aware of the great responsibility that lies on us. We are excited with every new development, and are eager to help each and every girl shine.
In order to manage growth, we have reviewed our internal strategy. We set up a marketing and fundraising plan, and are looking forward to be fully compliant. In the coming months, we will have an online presence with an up-date website. Moreover, we are in the process of planning and developing an extensive makeover to the Beth Jacob House at 173 Golders Green Road.
This will be a project of renovation, expansion and repair, where the Beth Jacob House will be made attractive, user-friendly, more up-to-date, and more accommodating of our activities. As the heart of our work, this will enhance our programmes immensely.
Lastly, I can only thank those who will make this possible. We look forward to continue sharing our progress with you, and are eternally grateful for your support.
Together we can continue making a difference to the community, one girl at a time.
Kind regards, Lindy Finiasz Trustee
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“Thank you for joining me. My name is Tami, I am 10 year old. I attend almost all programs offered by Beth Jacob, and look forward to sharing my experiences with you!”
Our Mission is to provide a safe space where girls can unlock talent, develop friendships, and build their confidence through creative opportunities, outside the school setting.
Our vision is for every girl to shine in her unique way. We believe in the capabilities, power and inner beauty of each girl, and aim to provide each and every one of them with all the resources required to express herself, develop her abilities, and unravel her rich self.
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Some of What BJNW Offers pathways to possibilities
Pathways to Possibilities is the most fun and exciting program after school. With no pressure and lots of friendship and creativity, we get the opportunity to participate in cake decorating, exercise, art or singing lessons.
friendship circles
Meeting Shabbos afternoon with more than 400 other girls from the community. Always looking forward to this hour of gathering and inspiration.
Where we all shine like the biggest stars. Three different shows of music and acting, presented to our parents and community members.
Following 8 weeks of rehearsals, we experience the thrill and accomplishment of performing on stage. Definitely the most exciting part of the year!
Summer Schemes
Going away with Beth Jacob in nature brings you home happy, refreshed, and ready for another year of learning and fun!
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IN FIGURES “I can’t believe I’m part of 850 members. I’m being cared for so individually....
60+ 850 volunteers members 10 3 local schools annual shows
89%
reported boosted social opportunities 15% new participants yearly
96% reported increased selfworth Page 11
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JOTS OF JOY
Thank you for a really fun evening for Yemima today. And for motze shabbas group, that she’s loving! Really appreciate the time and effort you all put into this. It’s huge.
“It was such an incredible camp. A huge thank you to everyone who made camp so much fun, and of course for all the effort and time put into making it so amazing. Batsheva loved it. Thank you, thank you!”
Mrs C.
06 November
Dear Diary
Today was my first day at the cakes course. Meeting about 20 girls from all over the community was an experience on its own. This week we painted biscuits using a special icing, each decorating letters of our names etc. I wrote my mother an ‘I love you’ card and know she was so happy and proud. Thank you, Beth Jacob, for this fun experience.
Good Night
Tami
20 February
Dear Diary,
We practiced the show for the last time today. Mrs Lea said we’re doing great. Watching each other perform was really rewarding, and I can’t wait for the big day tomorrow!!
I’m not sure what is the best part; the weeks of rehearsals with friends and music and fun or the excitement on stage. Will tell you tomorrow how it was! Good night Diary Tami
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I would love to be part of making this happen....
PLANS FOR THE
FUTURE
To proceed with the building renovations at 173 Golders
Green Road, making BJ House comfortable, up-to-date and
attractive.
To continue providing our rich plethora of activities, boosting
self-worth and building futures through creativity and
friendship.
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HIGHLIGHTS
Getaway camp
and local day
camp
Rehearsals for
show
Public
fundraising
campaign
Senior
production of
singing, drama
and dance
Preparing for
another year
of activities and
support
Two new
courses
Junior Pre-Pesach
production convention
of song and
drama
Pre-holiday
Convention
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Docusign Envelope ID: 6B0B5244-514B-4F82-8793-8A1084B73DF6
FINANCIAL REVIEW
The trustees present their report with the financial statements of the charity for the year ended 30 September 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).
STRUCTURE, GOVERNANCE AND MANAGEMENT
The trustees are involved in the day to day running of the charity and are responsible for the income whether by way of donations and grants.
Governing Document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity. This is in the process of being reviewed with full consent of the Trustees’ board.
Risk Management
The trustees have identified and reviewed the major risks to which the charity is exposed. Both manual and automated checks are regularly invoked, particularly those relating to the operations and finance of the charity. The trustees are satisfied that these systems and procedures mitigate any perceived risks.
Reserves Policy
The Trustees are working towards building free reserves of at least 3 months’ operating costs in order to protect services and to ensure adequate cash flow for the organisation’s needs. The charity does not have any major overheads, no mortgage or rent as it owns the premises, and no staff costs as all activities are run by volunteers. The funds are raised for each activity as and when necessary and income from charitable activities has thus far covered the respective costs. However, there has been an explosion in demand for the services of the charity and in order to continue to meet demand, as well as expand the reach of the charity, the trustees are striving to build reserves and improve cash flow.
OUR FUTURE GOALS:
Expanding Fundraising Efforts: Broadening our fundraising reach to cope with the increasing demand for our services.
-
Responsive Programming: Continually responding to the feedback and needs of our users.
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IT Systems Development: Building robust IT systems, including the development of an interactive website.
-
Updating Governance: Continue the process of updating the Governance status of Beth Jacob Foundation.
Financial Review
The charity was able to continue its activities to the satisfaction of the trustees and is discussed in more detail elsewhere in this report.
Governance and Internal Control
The power of appointing new or additional Trustees hereof or removing Trustees is vested in the persons who are for the time being the trustees.
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 and in planning future activities.
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Docusign Envelope ID: 6B0B5244-514B-4F82-8793-8A1084B73DF6
Independent Examiner’s Report to the Trustees of Beth Jacob Foundation
Beth Jacob Foundation Statement of Financial Activities for the Year Ended 30 September 2024
I report to the charity trustees on my examination of the accounts of Beth Jacob Foundation (the Trust) for the year ended 30 September 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 Institute of Chartered Accountants in England and Wales, 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:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
-
the accounts do not accord with those records; or
-
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.
A Heller FCA
London Accounting Group Ltd 5 North End Road
London NW11 7RJ
Date: 29/07/25
| Notes | Unrestricted fund £ Restricted 30.9.24 Total 30.9.23 Total fund £ funds £ funds £ |
|---|---|
| INCOME AND ENDOWMENTS FROM Donations and legacies Charitable activities Youth activties Other income Total EXPENDITURE ON Raising funds Charitable activities Youth activties Other Total NET INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
203,876 107,426 311,302 21,647 70,415 - 70,415 149,012 10,601 - 10,601 36,451 |
| 284,892 107,426 392,318 207,110 |
|
| - 39,512 39,512 - 227,093 - 227,093 174,708 28,212 8,471 36,683 19,858 |
|
| 255,305 47,983 303,288 194,566 |
|
| 29,587 59,443 89,030 12,544 1,318,496 2,249 1,320,745 1,308,201 |
|
| 1,348,083 61,692 1,409,775 1,320,745 |
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Docusign Envelope ID: 6B0B5244-514B-4F82-8793-8A1084B73DF6
Beth Jacob Foundation balance sheet 30 september 2024
Beth Jacob Foundation
Notes to the Financial Statements for the Year Ended 30 September 2024
1. ACCOUNTING POLICIES
| Notes | Unrestricted fund £ |
Restricted fund £ |
30.9.24 Total funds £ |
30.9.23 Total funds £ |
|---|---|---|---|---|
| FIXED ASSETS Tangible assets 4 CURRENT ASSETS Cash at bank CREDITORS Amounts falling due within one year 5 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS Unrestricted funds 6 Restricted funds TOTAL FUNDS |
1,301,198 54,445 (7,560) |
- 61,692 - |
1,301,198 116,137 (7,560) |
1,301,198 22,237 (2,690) |
| 46,885 | 61,692 | 108,577 | 19,547 | |
| 1,348,083 | 61,692 | 1,409,775 | 1,320,745 | |
| 1,348,083 | 61,692 | 1,409,775 | 1,320,745 | |
| 1,348,083 61,692 |
1,318,496 2,249 |
|||
| 1,409,775 | 1,320,745 |
The financial statements were approved by the Board of Trustees and authorised for issue on 29/7/25 and were signed on its behalf by:
L Finiasz - Trustee
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.
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.
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. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. TRUSTEES’ REMUNERATION AND BENEFITS
There were no trustees’ remuneration or other benefits for the year ended 30 September 2024 nor for the year ended 30 September 2023.
Trustees’ expenses
There were no trustees’ expenses paid for the year ended 30 September 2024 nor for the year ended 30 September 2023.
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Docusign Envelope ID: 6B0B5244-514B-4F82-8793-8A1084B73DF6
Beth Jacob Foundation Notes to the Financial Statements for the Year Ended 30 September 2024
Beth Jacob Foundation
Notes to the Financial Statements for the Year Ended 30 September 2024
4. TANGIBLE FIXED ASSETS
3. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted fund £ Restricted Funds £ Total Funds £ |
|
|---|---|
| INCOME AND ENDOWMENTS FROM Donations and legacies Charitable activities Youth activties Other income Total EXPENDITURE ON Charitable activities Youth activties Other Total NET INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
- 21,647 21,647 34,492 114,520 149,012 36,451 - 36,451 |
| 70,943 136,167 207,110 |
|
| 40,552 134,156 174,708 19,858 - 19,858 |
|
| 60,410 134,156 194,566 10,533 2,011 12,544 1,307,963 238 1,308,201 |
|
| 1,318,496 2,249 1,320,745 |
| COST At 1 October 2023 and 30 September 2024 NET BOOK VALUE At 30 September 2024 At 30 September 2023 |
Freehold property £ 1,301,198 |
|---|---|
| 1,301,198 | |
| 1,301,198 |
Tangible fixed assets comprises the property at 173 Golders Green Road, known as BJ House, where the activities of the charity take place. This property is very dilapidated and in urgent need of repair and expansion in order to fully comply with current legislation, as well as to cope with the huge increase in need as the charity continues to grow exponentially. The trustees are working on raising much-needed funds for the refurbishment of BJ House.
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Other creditors 6. MOVEMENT IN FUNDS Unrestricted funds General fund Restricted funds Restricted fund TOTAL FUNDS |
At 1/10/23 £ |
30.9.24 £ 30.9.23 £ |
|---|---|---|
| 7,560 2,690 |
||
| Net movement in funds £ At 30/9/24 £ |
||
| 1,318,496 2,249 |
29,587 1,348,083 59,443 61,692 |
|
| 1,320,745 | 89,030 1,409,775 |
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Beth Jacob Foundation Notes to the Financial Statements for the Year Ended 30 September 2024
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 Unrestricted funds General fund Restricted funds Restricted fund TOTAL FUNDS |
Incoming resources £ |
Resources expended £ |
Movement in funds £ |
|---|---|---|---|
| 284,892 107,426 |
(255,305) (47,983) |
29,587 59,443 |
|
| 392,318 | (303,288) | 89,030 | |
| At 1/10/22 £ |
Net movement in funds £ |
At 30/9/23 £ |
|
| 1,307,963 238 |
10,533 2,011 |
1,318,496 2,249 |
|
| 1,308,201 | 12,544 | 1,320,745 |
Beth Jacob Foundation Notes to the Financial Statements for the Year Ended 30 September 2024
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Restricted funds Restricted fund TOTAL FUNDS |
At 1/10/22 £ Net movement in funds At 30/9/24 £ £ |
|---|---|
| 1,307,963 40,120 1,348,083 238 61,454 61,692 |
|
| 1,308,201 101,574 1,409,775 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Restricted fund TOTAL FUNDS |
Incoming resources £ Resources expended £ Movement in funds £ |
|---|---|
| 355,835 (315,715) 40,120 243,593 (182,139) 61,454 |
|
| 599,428 (497,854) 101,574 |
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Restricted fund TOTAL FUNDS |
Incoming resources £ |
Resources expended £ |
Movement in funds £ 10,533 2,011 12,544 |
|---|---|---|---|
| 70,943 136,167 |
(60,410) (134,156) |
||
| 207,110 | (194,566) |
7. UNRESTRICTED FUNDS
Included in unrestricted funds is a donated property held at its full value of £1.3m. While classified as unrestricted, the asset is not liquid and therefore not readily available to fund the charity’s activities.
8. RELATED PARTY DISCLOSURES
Included in other creditors is £Nil (2023: £1,835) owing to one of the trustees. During the year the charity reimbursed expenses totalling £12,000 to one of the trustees.
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Docusign Envelope ID: 6B0B5244-514B-4F82-8793-8A1084B73DF6
Beth Jacob Foundation Detailed Statement of Financial Activities for the Year Ended 30 September 2024
| INCOME AND ENDOWMENTS Donations and legacies Donations Charitable activities Youth activities Other income Hall rent Total incoming resources EXPENDITURE Raising donations and legacies Fundraising costs Charitable activities Camp Yashar Teen Talk Pantomines Convention costs Friendship Circles Youth activities cost Support costs Finance Bank charges Other Rates and water Insurance Light and heat Repairs Telephone, PPS & sundry Advertising Governance costs Accountancy Total resources expended Net income |
30.9.24 £ 30.9.23 £ |
|---|---|
| 311,302 21,647 70,415 149,012 10,601 36,451 |
|
| 392,318 207,110 39,512 - 122,933 93,777 14,381 9,815 35,996 29,954 13,428 5,829 29,914 16,011 10,441 19,322 |
|
| 227,093 174,708 318 - 2,102 2,312 2,181 2,473 6,848 7,801 4,018 - 11,545 4,916 8,471 2,356 |
|
| 35,165 19,858 1,200 - |
|
| 303,288 194,566 |
|
| 89,030 12,544 |
Registered Charity number
293460 Principal address
40 Ravenscroft Avenue London NW11 8AU
Trustees
Mrs C Hager Mrs L Finiasz Mrs H Kaufman E Kraus R Vorhand
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