Treasurer’s Report for the AGM 10/2/25 Over view of our Accounts for the Year ended July 2024: - Income: - Accomodation fees up by 55% (the house is at full capacity) - Donation of £40k during 23/24 - Total Income increased by 88% - Expenditure: - Overall expenditure increased by 53% - Gas & Electricity increased by 28% (greater demand) - Repairs & Maintenance increased by 86% … - *£47k: conversion to create 3 superior ensuite bedrooms - *£13k: summer maintenance programme - *£16k: new conservatory roof - (* a small percentage of these are carried into 24/25 accounts because of paid dates) - Savings Account £205k - Awaiting bank signatory approval (HB to arrange). Currently earning negligible rate which can be improved. - Net surplus at July 2024 was £52k (increase of 60%) - Current/Future spending: - Gates: £13.5k - Front Door: £3k - Insurance: ~£3.5k (if UJS decide to sever ties with us?) - 2 reception toilets: £4k (already spent) - Upgrade of all electrical fuse boards £11k (already spent) - Full electrical Inspection £7k (already spent) Based on current/future spending, I do not anticipate such a healthy surplus for 24/25 despite a 7.8% increase in Accommodation room rates for 24/25. All student rent up-todate. I have negotiated a new Electricity contract effective 10/25 saving us 17%. Awaiting VAT refund from British Gas – currently charging us 20% instead of 5% (on-going since April 24). Birmingham Hillel House (Registered Charlty No: 5289941 Report and accounts For the year ended 31 July 2024 Birmingham Hillel House Report and accounts - for the year ended 31 July 2024 Contents Page Trustees, report Independent examinefs report Statement of financial activities Balance sheet Notes to the accounts Birmingham Hillel House (Reglstered Charity No: 5289941 Trustees, report The Trustees present their report together with the accounts ft)r the year ended 31 July 2024. Activities and aehlevements During the year, Birmingham Hillel House continued to provide accommodation and facilities to hold meetings and social events for Jewish students at universities in Birmingham. The principal address of the Charity is= The Student Office.. Birmingham Hillel House 26 Somerset Road Edgbaston Birmingham B15 2QD Financial review The charity had net assets of £795,930, at the year*nd including a reserve fund of £100,OOD. The surplus for the year of £52,291 is due lo a combination of increased income compared to the previous years, combined with an increase in repairs and refurbishments expenditure. The Board of Tru5tee5 is govemed by a charitable deed which regulates its objectives. The Trustees are elected by members of the Board. The Trustees of Birmingham Hillel House at the date of this report are.. L Jacobs H Brown B Cooper K Rowe A Georgevic R Jacobs Bankers.. HSBC plc PO Box 68 130 New Street Birmingham B2 4JU Independent examiner.. M D Friend Chartered Accountant Eleven Brindleyplace 2 Brunswick Square Birmingham B12LP For and on behalf of the Trustees K Rowe Chairman 10 February 2025 Independent examiner's report to the Trustees of Birmingham Hillel House I report on the accounts of Birmingham Hillel House for the year ended 31 July 2024. which are set out on pages 3 10 7. Respective responsibilities of Trustgos and independent examiner The Charity's Trustees are responsible for the preparation of the accounts. The Charity's Trustees consider that an audit is not required under section 144121 of the Charities Act 2011 and that an independent examination is needed. 11 is my responsibility to examine the accounts under section 145 of the Charib'es Act,. to follow the procedures specified in the General Directions given by the Charrty Commissioners under section 14515llbl of the Charities Act. and to state whether particular mallers have come to my attention. Basls of Independent examinerfs statement My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts presented with those records. It also includes consioseration of any unusual items or disclosures in the accounts. and seeking explanations from you as Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair view, and the report is limited to those mallers set out the slatemenl below. Independent examinerfs statement In connection with my examination, no matter has come to my attention.. (al which gives me reasonable cause to believe that in any material respect the requirements lo keep accounting records in accordance with section 130 of the Charities Act, and to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities (Accounts and Reports) Regulation5 2008. have not been mel., or Ib) lo which, in my opinion, attention should be drawn in order lo enable a proper understanding of the accounts to be reached. M D Friend Chartered A¢¢ountant Eleven Brind1eyplaGe 2 Brunswick Square Birmingham B12LP 10 February 2025 Birmingham Hillel House Statement of financial activities - for the year ended 31 July 2024 2024 2023 Incomo Accommodation fee$ Donations 178,036 40.170 114,882 1.790 218.206 116.672 Other income Bank interest received Grants received 3,568 1,039 221,774 117,711 Expenditure Broadband service Repairs and refurbishments Cleaning and gardening GeneT81 expenses Rates and water Insurance Gas and electrscity Computer expenses Honorarium Printing and stationery Staff training Subscriptions Entertaining Bank charges 1,930 115,236 8.381 2.373 4,213 10 33,293 1,027 750 34 700 1.296 178 62 2,268 62,036 7,240 4,029 3,798 3,500 26,017 200 1,500 81 1169,4831 1110,6691 52.291 7,042 Mortgage interest 11621 52.291 6,880 Transfer to reserve fund Net surplus for Ihg year £52,291 £6,880 Birmingham Hillel House Balance sheet - 31 July 2024 Notes 2024 2023 Fixed assots Tangible fixed assets 612,712 612,712 Current assets Sundry prepaymerbls Bank current account Na￿est house committee HSBC savings account 4,054 44.669 504 205.460 3,361 22,105 168 121,892 254.687 147.526 Current liabilities Trade creditors Sundry creditors Itenanls, deposits) and accruals 154,438) {17.031) 116,5991 Net current assets 183,218 130,927 Net assets £795.930 £743,639 Flnanced by Funds £795,930 £743.639 Approved by the TNstees of Birmingham Hillel House on 10 February 2025 and signed by.. K Rowe Chaimian A Georgevlc Treasurer Birmingham Hillel House Notes to the accounts - for the year ended 31 July 2024 Accountlng pollcles Basis of accounting These accounts have been prepared on the historic cost basis in accordance with Accounting and Reporting by Charities preparing their accounts in accord8nce with the Statement of Recommend Pracli¢e'. Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and with the Charities Act 2011. b} Incoming resources Income is included in the Statement of Financial Activities ISOFAI when the charity is entitled to the resources. Donations are only included in the SOFA when the charity has unconditional entitlement to the resources. The value of any voluntary help received is not included in the accounts. bul is described in the trustees, annual report. Freehold propety The freehold property has not been depreciated on the grounds that its eslimaled useful life and the estimated iesidual value would make any depreciation charge immaterial. dl Basic financial instruments The charity accounts for basic financial instruments on initial ￿cOgnItion as per paragraph 11.7 FRS 102 SORP. Subsequent measurement is as per paragraphs 11.17 to 11.19, FRS 102 SORP. Going concern The Trustees consider that there are not material uncertainties about Bimiingham Hillel House's ability to continue as a going concem. Fund accounting Unrestricted funds are available to spend on activities that further any purpose$ of the charity. Reserve funds are unrestricted funds lo the charity which the trustees have decided al their discretion to set aside lo use for a specifi¢ purpose. Income and losses are allocated to the appropriate fund. gl Grants received Grants received are included in the Pfofit and loss account in the period to which they relate. Birmingham Hillel House Notes to the accounts - for the year ended 31 July 2024 (continued) Trustees remuneratlon H Brown was the only trustee lo receive renumeration during the year. H Brown receÉved a £750 Honorarium for the provision of accountancy services throughout the year. No retirement benefits are accruing for the Iruslees. The ¢h8rity has no employees. Independent exarniner No remuneration or benefits in kind received by the independent examinerfs exarnination of the accounts. Tangible fixed assets Freehold ro ert Cost At 1 August 2023 and 31 July 2024 612,712 Accumulated depreciation Al 1 August 2023 Charge for year At 31 July 2024 Net book value At 31 July 2024 £612.712 At 31 July 2023 £612,712 Birmingham Hillel House Notes to the accounts - for the year ended 31 July 2024 (continued) Funds 2024 2023 Accumulated fund Balance brought forward al 1 August 2023 Add.. net surplus for the year 643,639 52,291 636,759 6,880 Balance carrled forward at 31 July 2024 695,930 643,639 Reserve fund Balance brought forward at 1 August 2023 Add.. transfer from Statement of financial activities 100,000 100,000 8alan¢e carrled foThvard at 31 July 2024 100.000 100,000 At 31 July 2024 £795.930 £743,639 Birmingham Hillel House (Registered Charlty No: 5289941 Report and accounts For the year ended 31 July 2024 Birmingham Hillel House Report and accounts - for the year ended 31 July 2024 Contents Page Trustees, report Independent examinefs report Statement of financial activities Balance sheet Notes to the accounts Birmingham Hillel House (Reglstered Charity No: 5289941 Trustees, report The Trustees present their report together with the accounts ft)r the year ended 31 July 2024. Activities and aehlevements During the year, Birmingham Hillel House continued to provide accommodation and facilities to hold meetings and social events for Jewish students at universities in Birmingham. The principal address of the Charity is= The Student Office.. Birmingham Hillel House 26 Somerset Road Edgbaston Birmingham B15 2QD Financial review The charity had net assets of £795,930, at the year*nd including a reserve fund of £100,OOD. The surplus for the year of £52,291 is due lo a combination of increased income compared to the previous years, combined with an increase in repairs and refurbishments expenditure. The Board of Tru5tee5 is govemed by a charitable deed which regulates its objectives. The Trustees are elected by members of the Board. The Trustees of Birmingham Hillel House at the date of this report are.. L Jacobs H Brown B Cooper K Rowe A Georgevic R Jacobs Bankers.. HSBC plc PO Box 68 130 New Street Birmingham B2 4JU Independent examiner.. M D Friend Chartered Accountant Eleven Brindleyplace 2 Brunswick Square Birmingham B12LP For and on behalf of the Trustees K Rowe Chairman 10 February 2025 Independent examiner's report to the Trustees of Birmingham Hillel House I report on the accounts of Birmingham Hillel House for the year ended 31 July 2024. which are set out on pages 3 10 7. Respective responsibilities of Trustgos and independent examiner The Charity's Trustees are responsible for the preparation of the accounts. The Charity's Trustees consider that an audit is not required under section 144121 of the Charities Act 2011 and that an independent examination is needed. 11 is my responsibility to examine the accounts under section 145 of the Charib'es Act,. to follow the procedures specified in the General Directions given by the Charrty Commissioners under section 14515llbl of the Charities Act. and to state whether particular mallers have come to my attention. Basls of Independent examinerfs statement My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts presented with those records. It also includes consioseration of any unusual items or disclosures in the accounts. and seeking explanations from you as Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair view, and the report is limited to those mallers set out the slatemenl below. Independent examinerfs statement In connection with my examination, no matter has come to my attention.. (al which gives me reasonable cause to believe that in any material respect the requirements lo keep accounting records in accordance with section 130 of the Charities Act, and to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities (Accounts and Reports) Regulation5 2008. have not been mel., or Ib) lo which, in my opinion, attention should be drawn in order lo enable a proper understanding of the accounts to be reached. M D Friend Chartered A¢¢ountant Eleven Brind1eyplaGe 2 Brunswick Square Birmingham B12LP 10 February 2025 Birmingham Hillel House Statement of financial activities - for the year ended 31 July 2024 2024 2023 Incomo Accommodation fee$ Donations 178,036 40.170 114,882 1.790 218.206 116.672 Other income Bank interest received Grants received 3,568 1,039 221,774 117,711 Expenditure Broadband service Repairs and refurbishments Cleaning and gardening GeneT81 expenses Rates and water Insurance Gas and electrscity Computer expenses Honorarium Printing and stationery Staff training Subscriptions Entertaining Bank charges 1,930 115,236 8.381 2.373 4,213 10 33,293 1,027 750 34 700 1.296 178 62 2,268 62,036 7,240 4,029 3,798 3,500 26,017 200 1,500 81 1169,4831 1110,6691 52.291 7,042 Mortgage interest 11621 52.291 6,880 Transfer to reserve fund Net surplus for Ihg year £52,291 £6,880 Birmingham Hillel House Balance sheet - 31 July 2024 Notes 2024 2023 Fixed assots Tangible fixed assets 612,712 612,712 Current assets Sundry prepaymerbls Bank current account Na￿est house committee HSBC savings account 4,054 44.669 504 205.460 3,361 22,105 168 121,892 254.687 147.526 Current liabilities Trade creditors Sundry creditors Itenanls, deposits) and accruals 154,438) {17.031) 116,5991 Net current assets 183,218 130,927 Net assets £795.930 £743,639 Flnanced by Funds £795,930 £743.639 Approved by the TNstees of Birmingham Hillel House on 10 February 2025 and signed by.. K Rowe Chaimian A Georgevlc Treasurer Birmingham Hillel House Notes to the accounts - for the year ended 31 July 2024 Accountlng pollcles Basis of accounting These accounts have been prepared on the historic cost basis in accordance with Accounting and Reporting by Charities preparing their accounts in accord8nce with the Statement of Recommend Pracli¢e'. Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and with the Charities Act 2011. b} Incoming resources Income is included in the Statement of Financial Activities ISOFAI when the charity is entitled to the resources. Donations are only included in the SOFA when the charity has unconditional entitlement to the resources. The value of any voluntary help received is not included in the accounts. bul is described in the trustees, annual report. Freehold propety The freehold property has not been depreciated on the grounds that its eslimaled useful life and the estimated iesidual value would make any depreciation charge immaterial. dl Basic financial instruments The charity accounts for basic financial instruments on initial ￿cOgnItion as per paragraph 11.7 FRS 102 SORP. Subsequent measurement is as per paragraphs 11.17 to 11.19, FRS 102 SORP. Going concern The Trustees consider that there are not material uncertainties about Bimiingham Hillel House's ability to continue as a going concem. Fund accounting Unrestricted funds are available to spend on activities that further any purpose$ of the charity. Reserve funds are unrestricted funds lo the charity which the trustees have decided al their discretion to set aside lo use for a specifi¢ purpose. Income and losses are allocated to the appropriate fund. gl Grants received Grants received are included in the Pfofit and loss account in the period to which they relate. Birmingham Hillel House Notes to the accounts - for the year ended 31 July 2024 (continued) Trustees remuneratlon H Brown was the only trustee lo receive renumeration during the year. H Brown receÉved a £750 Honorarium for the provision of accountancy services throughout the year. No retirement benefits are accruing for the Iruslees. The ¢h8rity has no employees. Independent exarniner No remuneration or benefits in kind received by the independent examinerfs exarnination of the accounts. Tangible fixed assets Freehold ro ert Cost At 1 August 2023 and 31 July 2024 612,712 Accumulated depreciation Al 1 August 2023 Charge for year At 31 July 2024 Net book value At 31 July 2024 £612.712 At 31 July 2023 £612,712 Birmingham Hillel House Notes to the accounts - for the year ended 31 July 2024 (continued) Funds 2024 2023 Accumulated fund Balance brought forward al 1 August 2023 Add.. net surplus for the year 643,639 52,291 636,759 6,880 Balance carrled forward at 31 July 2024 695,930 643,639 Reserve fund Balance brought forward at 1 August 2023 Add.. transfer from Statement of financial activities 100,000 100,000 8alan¢e carrled foThvard at 31 July 2024 100.000 100,000 At 31 July 2024 £795.930 £743,639