IRIS Accounts Production v25.3.0.601 Other Company accounts True false Pounds 29.2.24 28.2.25 28.2.25 FY FRS 102 Independent examiner Small companies regime for accounts Full Charities SORP true true true true false true true false false false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 08542368 2024-02-28 08542368 2025-02-28 08542368 2024-02-29 2025-02-28 08542368 2023-02-28 08542368 2023-03-01 2024-02-28 08542368 2024-02-28 08542368 ns0:CharitableCompanyLimitedByGuarantee 2024-02-29 2025-02-28 08542368 ns15:PoundSterling 2024-02-29 2025-02-28 08542368 ns11:FRS102 2024-02-29 2025-02-28 08542368 ns0:IndependentExaminationCharity 2024-02-29 2025-02-28 08542368 ns11:SmallCompaniesRegimeForAccounts 2024-02-29 2025-02-28 08542368 ns11:FullAccounts 2024-02-29 2025-02-28 08542368 ns0:CharitiesSORP 2024-02-29 2025-02-28 08542368 ns16:EnglandWales 2024-02-29 2025-02-28 08542368 ns11:RegisteredOffice 2024-02-29 2025-02-28 08542368 ns0:Trustee2 2024-02-29 2025-02-28 08542368 ns0:Trustee3 2024-02-29 2025-02-28 08542368 ns0:Trustee4 2024-02-29 2025-02-28 08542368 ns0:Trustee1 2024-02-29 2025-02-28 08542368 ns0:TotalUnrestrictedFunds 2024-02-29 2025-02-28 08542368 ns0:TotalRestrictedIncomeFunds 2024-02-29 2025-02-28 08542368 ns0:Activity10 2024-02-29 2025-02-28 08542368 ns0:Activity10 ns0:TotalUnrestrictedFunds 2024-02-29 2025-02-28 08542368 ns0:Activity10 ns0:TotalRestrictedIncomeFunds 2024-02-29 2025-02-28 08542368 ns0:Activity10 2023-03-01 2024-02-28 08542368 ns0:Activity11 2024-02-29 2025-02-28 08542368 ns0:Activity11 ns0:TotalUnrestrictedFunds 2024-02-29 2025-02-28 08542368 ns0:Activity11 ns0:TotalRestrictedIncomeFunds 2024-02-29 2025-02-28 08542368 ns0:Activity11 2023-03-01 2024-02-28 08542368 ns0:Activity12 2024-02-29 2025-02-28 08542368 ns0:Activity12 ns0:TotalUnrestrictedFunds 2024-02-29 2025-02-28 08542368 ns0:Activity12 ns0:TotalRestrictedIncomeFunds 2024-02-29 2025-02-28 08542368 ns0:Activity12 2023-03-01 2024-02-28 08542368 ns0:Activity13 2024-02-29 2025-02-28 08542368 ns0:Activity13 ns0:TotalUnrestrictedFunds 2024-02-29 2025-02-28 08542368 ns0:Activity13 ns0:TotalRestrictedIncomeFunds 2024-02-29 2025-02-28 08542368 ns0:Activity13 2023-03-01 2024-02-28 08542368 ns0:TotalUnrestrictedFunds 2024-02-28 08542368 ns0:TotalRestrictedIncomeFunds 2024-02-28 08542368 ns0:TotalUnrestrictedFunds 2025-02-28 08542368 ns0:TotalRestrictedIncomeFunds 2025-02-28 08542368 ns0:TotalUnrestrictedFunds ns10:WithinOneYear 2025-02-28 08542368 ns0:TotalRestrictedIncomeFunds ns10:WithinOneYear 2025-02-28 08542368 ns10:WithinOneYear 2025-02-28 08542368 ns10:WithinOneYear 2024-02-28 08542368 ns10:AfterOneYear ns0:TotalUnrestrictedFunds 2025-02-28 08542368 ns10:AfterOneYear ns0:TotalRestrictedIncomeFunds 2025-02-28 08542368 ns10:AfterOneYear 2025-02-28 08542368 ns10:AfterOneYear 2024-02-28 08542368 ns10:LandBuildings ns10:OwnedOrFreeholdAssets 2024-02-29 2025-02-28 08542368 ns10:FurnitureFittingsToolsEquipment 2024-02-29 2025-02-28 08542368 ns10:MotorVehicles 2024-02-29 2025-02-28 08542368 2 2024-02-29 2025-02-28 08542368 3 2024-02-29 2025-02-28 08542368 1 2024-02-29 2025-02-28 08542368 1 2023-03-01 2024-02-28 08542368 ns10:OwnedAssets 2024-02-29 2025-02-28 08542368 ns10:OwnedAssets 2023-03-01 2024-02-28 08542368 ns0:TotalUnrestrictedFunds 2023-03-01 2024-02-28 08542368 ns0:TotalRestrictedIncomeFunds 2023-03-01 2024-02-28 08542368 ns0:Activity10 ns0:TotalUnrestrictedFunds 2023-03-01 2024-02-28 08542368 ns0:Activity10 ns0:TotalRestrictedIncomeFunds 2023-03-01 2024-02-28 08542368 ns0:Activity12 ns0:TotalUnrestrictedFunds 2023-03-01 2024-02-28 08542368 ns0:Activity12 ns0:TotalRestrictedIncomeFunds 2023-03-01 2024-02-28 08542368 ns0:Activity13 ns0:TotalUnrestrictedFunds 2023-03-01 2024-02-28 08542368 ns0:Activity13 ns0:TotalRestrictedIncomeFunds 2023-03-01 2024-02-28 08542368 ns10:LandBuildings ns10:OwnedOrFreeholdAssets 2024-02-28 08542368 ns10:FurnitureFittings 2024-02-28 08542368 ns10:MotorVehicles 2024-02-28 08542368 ns10:FurnitureFittings 2024-02-29 2025-02-28 08542368 ns10:LandBuildings ns10:OwnedOrFreeholdAssets 2025-02-28 08542368 ns10:FurnitureFittings 2025-02-28 08542368 ns10:MotorVehicles 2025-02-28 08542368 ns10:LandBuildings ns10:OwnedOrFreeholdAssets 2024-02-28 08542368 ns10:FurnitureFittings 2024-02-28 08542368 ns10:MotorVehicles 2024-02-28

REGISTERED COMPANY NUMBER: 08542368 (England and Wales)

REGISTERED CHARITY NUMBER: 1154533

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

CHABAD LUBAVITCH OF SOUTH LONDON

| CHABAD LUBAVITCH OF SOUTH LONDON |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 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 |  | 13

CHABAD LUBAVITCH OF SOUTH LONDON (REGISTERED NUMBER: 08542368) |

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 28 FEBRUARY 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 28 February 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 charity's objects are specifically restricted to the following:

1. The advancement of the Orthodox Jewish religion in accordance with the principles of Chabad Lubavitch,

2. The advancement of Orthodox Jewish religion education and,

3. The relief of poverty, homelessness and financial crisis management.

Public benefit

The benefits of the above activities afforded to the Jewish population of South London by the provision of the advancement of Orthodox Jewish religion and religious education in the education of a by and large completely ignorant Jewish community who have not been raised religiously and are not able to read Hebrew, find their way through Jewish prayer book, keep a kosher kitchen and observe all the rites and practices according to the Jewish code of law.

The education services offered to the local Jewish population are many and largely free, with some specialists lectures having a suggested voluntary donation. However, no one is refused from attending any lectures due to their not being able to pay.

Whilst the above activities are offered in and focus primarily on the Jewish population of South London, it is not restricted as such, and anyone is invited to attend.

The object of the relief of poverty, homelessness and financial crisis management, again while being aimed primarily at the local Jewish population, is not restricted to those as such, and there have been instances where persons of a non-Jewish faith have received the same standard of care, warmth and counselling as their Jewish counterparts.

FINANCIAL REVIEW

Financial position

The Trustees are pleased to see that donation income has increased this year, leading to a surplus of £45,443 ( 2024 £69,442).

The Statement of Financial Activities shows cash reserves of £107,734 (2024 £85,507) as at 28th February 2024. Total reserves stood at £2,040,740 ( 2024 £1,995,307).

Reserves policy

The charity's reserves policy is to maintain sufficient reserves to enable the charity to continue its activities and services at a meaningful level, should there be a drop in income. The trustees review this position on a regular basis.

In view of this the trustees aim to maintain a level of reserves sufficient to meet three months basic operating cost once the refurbishment of the Chabad House building project is completed.

Going concern

After making appropriate enquiries, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements. The trustees have prepared cash flow forecasts and profit projections which demonstrate the charity can continue as a going concern.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a memorandum and articles of association, and constitutes a limited company , limited by guarantee, as defined by the Companies Act 2006.

CHABAD LUBAVITCH OF SOUTH LONDON (REGISTERED NUMBER: 08542368) |

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 28 FEBRUARY 2025

STRUCTURE, GOVERNANCE AND MANAGEMENT

Recruitment and appointment of new trustees

All Directors of the company are also Trustees of the Charity, and there are no other Trustees. All of the Trustees named above served throughout the year. The Board has the power to appoint additional trustees as it considers fit to do so.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

08542368 (England and Wales)

Registered Charity number

1154533

Registered office

42 St George's Road

Wimbledon

London

SW19 4ED

Trustees

E Itzinger

S Giffen

M Zavdi

D Duboy

Independent Examiner

Akiva Kahan | FCA

JKA Accountancy Limited

923 Finchley Road

London

NW11 7PE

Approved by order of the board of trustees on 26 November 2025 and signed on its behalf by:

D Duboy - Trustee

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF

CHABAD LUBAVITCH OF SOUTH LONDON

Independent examiner's report to the trustees of Chabad Lubavitch of South London ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 28 February 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

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 matters have come to my attention in connection with the examination giving me cause to believe:

1. | 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

3. | 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

4. | 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.

Akiva Kahan | FCA

JKA Accountancy Limited

923 Finchley Road

London

NW11 7PE

28 November 2025

| CHABAD LUBAVITCH OF SOUTH LONDON |

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 28 FEBRUARY 2025

| 2025 |  | 2024

| Unrestricted |  | Restricted |  | Total |  | Total

| fund |  | funds |  | funds |  | funds

| Notes | £ | £ | £ | £ |

INCOME AND ENDOWMENTS FROM

Donations and legacies | 2 | 304,539 |  | - |  | 304,539 |  | 321,900 |

EXPENDITURE ON

Charitable activities | 3

Sundries | 495 |  | - |  | 495 |  | 98 |

Building repairs and refurbishment | - |  | - |  | - |  | 8,763 |

Charitable activities | 201,398 |  | - |  | 201,398 |  | 173,839 |

Depreciation | 2,758 |  | 17,172 |  | 19,930 |  | 20,356 |

Governance | 1,801 |  | - |  | 1,801 |  | 2,395 |

Travel & motor expenses | 11,928 |  | - |  | 11,928 |  | 6,505 |

Computer consumables | 396 |  | - |  | 396 |  | 495 |

Rent | 23,158 |  | - |  | 23,158 |  | 40,007 |

Total | 241,934 |  | 17,172 |  | 259,106 |  | 252,458 |

NET INCOME/(EXPENDITURE) | 62,605 |  | (17,172 | ) | 45,433 |  | 69,442 |

Other recognised gains/(losses)

Gains on revaluation of fixed assets | - |  | - |  | - |  | 258,000 |

Net movement in funds | 62,605 |  | (17,172 | ) | 45,433 |  | 327,442 |

RECONCILIATION OF FUNDS

Total funds brought forward | (220,348 | ) | 2,215,655 |  | 1,995,307 |  | 1,667,865 |

TOTAL FUNDS CARRIED FORWARD | (157,743 | ) | 2,198,483 |  | 2,040,740 |  | 1,995,307 |

CHABAD LUBAVITCH OF SOUTH LONDON (REGISTERED NUMBER: 08542368) |

STATEMENT OF FINANCIAL POSITION

28 FEBRUARY 2025

| 2025 |  | 2024

| Unrestricted |  | Restricted |  | Total |  | Total

| fund |  | funds |  | funds |  | funds

| Notes | £ | £ | £ | £ |

FIXED ASSETS |

Tangible assets | 8 | 8,276 |  | 2,198,483 |  | 2,206,759 |  | 2,225,904 |

CURRENT ASSETS |

Debtors | 9 | 10,067 |  | - |  | 10,067 |  | - |

Cash at bank | 107,734 |  | - |  | 107,734 |  | 85,507 |

117,801 |  | - |  | 117,801 |  | 85,507 |

CREDITORS |

Amounts falling due within one year | 10 | (8,720 | ) | - |  | (8,720 | ) | (13,404 | )

NET CURRENT ASSETS | 109,081 |  | - |  | 109,081 |  | 72,103 |

TOTAL ASSETS LESS CURRENT LIABILITIES | 117,357 |  | 2,198,483 |  | 2,315,840 |  | 2,298,007 |

CREDITORS |

Amounts falling due after more than one year | 11 | (275,100 | ) | - |  | (275,100 | ) | (302,700 | )

NET ASSETS | (157,743 | ) | 2,198,483 |  | 2,040,740 |  | 1,995,307 |

FUNDS | 13

Unrestricted funds | (157,743 | ) | (220,348 | )

Restricted funds | 2,198,483 |  | 2,215,655 |

TOTAL FUNDS | 2,040,740 |  | 1,995,307 |

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

CHABAD LUBAVITCH OF SOUTH LONDON (REGISTERED NUMBER: 08542368) |

STATEMENT OF FINANCIAL POSITION - continued

28 FEBRUARY 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 26 November 2025 and were signed on its behalf by:

D Duboy - Trustee

| CHABAD LUBAVITCH OF SOUTH LONDON |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 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, as modified by the revaluation of certain assets.

| 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.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Freehold property | - | 2% on cost

| Fixtures and fittings | - | 25% on reducing balance

| Motor vehicles | - | 25% on reducing balance

| 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.

| 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.

| Pension costs and other post-retirement benefits

| The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

| Financial instruments

| The Charity only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

| Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

| CHABAD LUBAVITCH OF SOUTH LONDON |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 28 FEBRUARY 2025

1. | ACCOUNTING POLICIES - continued

| Financial instruments

| Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

| Debtors

| Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

| Cash and cash equivalents

| Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

| Creditors

| Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.

2. | DONATIONS AND LEGACIES

| 2025 |  | 2024

£ | £ |

| Donations | 304,539 |  | 321,900 |  |

3. | CHARITABLE ACTIVITIES COSTS

| Direct | Support |

| Costs | costs | Totals

£ | £ | £ |

| Sundries | 495 |  | - |  | 495 |  |

| Charitable activities | 201,398 |  | - |  | 201,398 |  |

| Depreciation | 19,930 |  | - |  | 19,930 |  |

| Governance | - |  | 1,801 |  | 1,801 |  |

| Travel & motor expenses | 11,928 |  | - |  | 11,928 |  |

| Computer consumables | 396 |  | - |  | 396 |  |

| Rent | 23,158 |  | - |  | 23,158 |  |

257,305 |  | 1,801 |  | 259,106 |  |

| CHABAD LUBAVITCH OF SOUTH LONDON |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 28 FEBRUARY 2025

4. | NET INCOME/(EXPENDITURE)

| Net income/(expenditure) is stated after charging/(crediting): |

| 2025 |  | 2024

£ | £ |

| Depreciation - owned assets | 19,930 |  | 20,356 |  |

5. | TRUSTEES' REMUNERATION AND BENEFITS

| Rabbi D Duboy a Trustee, received remuneration of £11,750 (2024 £9,456) for the provision of non Trustee related services.

| Trustees' expenses

| There were no trustees' expenses paid for the year ended 28 February 2025 nor for the year ended 28 February 2024.

6. | STAFF COSTS

| The average monthly number of employees during the year was as follows:

| 2025 |  | 2024

| Rabbinical | 2 |  | 2 |  |

| No employees received emoluments in excess of £60,000.

7. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

| Unrestricted |  | Restricted |  | Total

| fund |  | funds |  | funds

£ | £ | £ |

| INCOME AND ENDOWMENTS FROM

| Donations and legacies | 321,901 |  | (1 | ) | 321,900 |

| EXPENDITURE ON

| Charitable activities

| Sundries | 98 |  | - |  | 98 |

| Building repairs and refurbishment | 8,763 |  | - |  | 8,763 |

| Charitable activities | 173,839 |  | - |  | 173,839 |

| Depreciation | 3,184 |  | 17,172 |  | 20,356 |

| Governance | 2,395 |  | - |  | 2,395 |

| Travel & motor expenses | 6,505 |  | - |  | 6,505 |

| Computer consumables | 495 |  | - |  | 495 |

| Rent | 40,007 |  | - |  | 40,007 |

| Total | 235,286 |  | 17,172 |  | 252,458 |

| NET INCOME/(EXPENDITURE) | 86,615 |  | (17,173 | ) | 69,442 |

| Other recognised gains/(losses)

| Gains on revaluation of fixed assets | - |  | 258,000 |  | 258,000 |

| CHABAD LUBAVITCH OF SOUTH LONDON |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 28 FEBRUARY 2025

7. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued

| Unrestricted |  | Restricted |  | Total

| fund |  | funds |  | funds

£ | £ | £ |

| Net movement in funds | 86,615 |  | 240,827 |  | 327,442 |

| RECONCILIATION OF FUNDS

| Total funds brought forward | (306,963 | ) | 1,974,828 |  | 1,667,865 |

| TOTAL FUNDS CARRIED FORWARD | (220,348 | ) | 2,215,655 |  | 1,995,307 |

8. | TANGIBLE FIXED ASSETS

| Fixtures |

| Freehold |  | and |  | Motor |

| property |  | fittings |  | vehicles |  | Totals

£ | £ | £ | £ |

| COST OR VALUATION

| At 29 February 2024 | 2,250,000 |  | 9,913 |  | 9,047 |  | 2,268,960 |  |

| Additions | - |  | 785 |  | - |  | 785 |  |

| At 28 February 2025 | 2,250,000 |  | 10,698 |  | 9,047 |  | 2,269,745 |  |

| DEPRECIATION

| At 29 February 2024 | 34,345 |  | 6,149 |  | 2,562 |  | 43,056 |  |

| Charge for year | 17,172 |  | 1,137 |  | 1,621 |  | 19,930 |  |

| At 28 February 2025 | 51,517 |  | 7,286 |  | 4,183 |  | 62,986 |  |

| NET BOOK VALUE

| At 28 February 2025 | 2,198,483 |  | 3,412 |  | 4,864 |  | 2,206,759 |  |

| At 28 February 2024 | 2,215,655 |  | 3,764 |  | 6,485 |  | 2,225,904 |  |

| The Freehold Property was valued on 22nd December 2022 by Clive Scrivener BSc of Scrivener Tibbats Ltd at £2.250M.

9. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025 | 2024 |

£ | £ |

| Amounts owed by participating interests | 10,067 |  | - |  |

| CHABAD LUBAVITCH OF SOUTH LONDON |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 28 FEBRUARY 2025

10. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts (see note 12) | 2,225 |  | 2,968 |  |

| Trade creditors | 3 |  | - |  |

| Amounts owed to participating interests | - |  | 6,464 |  |

| Other creditors | 4,356 |  | 1,956 |  |

| Accruals and deferred income | 2,136 |  | 2,016 |  |

8,720 |  | 13,404 |  |

11. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025 | 2024 |

£ | £ |

| Other loans (see note 12) | 275,100 |  | 302,700 |  |

12. | LOANS

| An analysis of the maturity of loans is given below:

2025 | 2024 |

£ | £ |

| Amounts falling due within one year on demand:

| Bank overdrafts | 2,225 |  | 2,968 |  |

| Amounts falling due in more than five years:

| Repayable by instalments:

| These loans are advanced on an interest free basis. | 275,100 |  | 302,700 |  |

13. | MOVEMENT IN FUNDS

| Net |  |

| At |  | movement |  | At |

| 29.2.24 |  | in funds |  | 28.2.25 |

£ | £ | £ |

| Unrestricted funds

| General fund | (220,348 | ) | 62,605 |  | (157,743 | ) |

| Restricted funds

| Restricted Fund | 824,268 |  | (17,172 | ) | 807,096 |  |

| Revaluation Reserve | 1,391,387 |  | - |  | 1,391,387 |  |

2,215,655 |  | (17,172 | ) | 2,198,483 |  |

| TOTAL FUNDS | 1,995,307 |  | 45,433 |  | 2,040,740 |  |

| CHABAD LUBAVITCH OF SOUTH LONDON |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 28 FEBRUARY 2025

13. | MOVEMENT IN FUNDS - continued

| Net movement in funds, included in the above are as follows:

| Incoming |  | Resources |  | Movement |

| resources |  | expended |  | in funds |

£ | £ | £ |

| Unrestricted funds

| General fund | 304,539 |  | (241,934 | ) | 62,605 |  |

| Restricted funds

| Restricted Fund | - |  | (17,172 | ) | (17,172 | ) |

| TOTAL FUNDS | 304,539 |  | (259,106 | ) | 45,433 |  |

| Comparatives for movement in funds

| Net |  |

| movement |  | At |

| At 1.3.23 |  | in funds |  | 28.2.24 |

£ | £ | £ |

| Unrestricted funds

| General fund | (306,963 | ) | 86,615 |  | (220,348 | ) |

| Restricted funds

| Restricted Fund | 841,441 |  | (17,173 | ) | 824,268 |  |

| Revaluation Reserve | 1,133,387 |  | 258,000 |  | 1,391,387 |  |

1,974,828 |  | 240,827 |  | 2,215,655 |  |

| TOTAL FUNDS | 1,667,865 |  | 327,442 |  | 1,995,307 |  |

| Comparative net movement in funds, included in the above are as follows:

| Incoming |  | Resources |  | Gains and |  | Movement |

| resources |  | expended |  | losses |  | in funds |

£ | £ | £ | £ |

| Unrestricted funds

| General fund | 321,901 |  | (235,286 | ) | - |  | 86,615 |  |

| Restricted funds

| Restricted Fund | (1 | ) | (17,172 | ) | - |  | (17,173 | ) |

| Revaluation Reserve | - |  | - |  | 258,000 |  | 258,000 |  |

(1 | ) | (17,172 | ) | 258,000 |  | 240,827 |  |

| TOTAL FUNDS | 321,900 |  | (252,458 | ) | 258,000 |  | 327,442 |  |

| CHABAD LUBAVITCH OF SOUTH LONDON |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 28 FEBRUARY 2025

13. | MOVEMENT IN FUNDS - continued

| A current year 12 months and prior year 12 months combined position is as follows:

| Net |  |

| movement |  | At |

| At 1.3.23 |  | in funds |  | 28.2.25 |

£ | £ | £ |

| Unrestricted funds

| General fund | (306,963 | ) | 149,220 |  | (157,743 | ) |

| Restricted funds

| Restricted Fund | 841,441 |  | (34,345 | ) | 807,096 |  |

| Revaluation Reserve | 1,133,387 |  | 258,000 |  | 1,391,387 |  |

1,974,828 |  | 223,655 |  | 2,198,483 |  |

| TOTAL FUNDS | 1,667,865 |  | 372,875 |  | 2,040,740 |  |

| A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

| Incoming |  | Resources |  | Gains and |  | Movement |

| resources |  | expended |  | losses |  | in funds |

£ | £ | £ | £ |

| Unrestricted funds

| General fund | 626,440 |  | (477,220 | ) | - |  | 149,220 |  |

| Restricted funds

| Restricted Fund | (1 | ) | (34,344 | ) | - |  | (34,345 | ) |

| Revaluation Reserve | - |  | - |  | 258,000 |  | 258,000 |  |

(1 | ) | (34,344 | ) | 258,000 |  | 223,655 |  |

| TOTAL FUNDS | 626,439 |  | (511,564 | ) | 258,000 |  | 372,875 |  |

14. | RELATED PARTY DISCLOSURES

| During the year the Freehold property at 42 St George's Road, Wimbledon, SW19 4ED from which the charity operates, was transferred over from Chabad Lubavitch UK CLUK ( charity number 227638) to Chabad Lubavitch of South London ( CLOSL). the transfer took place after CLOSL discharged a loan held by CLUK totalling £366,493.