Caseware UK (AP4) 2023.0.135 2023.0.135 Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-3131789982024-05-3102023-06-01falseNo description of principal activity0 10754718 2023-06-01 2024-05-31 10754718 2022-06-01 2023-05-31 10754718 2024-05-31 10754718 2023-05-31 10754718 2023-06-01 10754718 2022-06-01 10754718 c:RegisteredOffice 2023-06-01 2024-05-31 10754718 d:FreeholdInvestmentProperty 2023-06-01 2024-05-31 10754718 d:FreeholdInvestmentProperty 2024-05-31 10754718 d:FreeholdInvestmentProperty 2023-05-31 10754718 d:CurrentFinancialInstruments 2024-05-31 10754718 d:CurrentFinancialInstruments 2023-05-31 10754718 d:CurrentFinancialInstruments 1 2024-05-31 10754718 d:CurrentFinancialInstruments 1 2023-05-31 10754718 c:FRS102 2023-06-01 2024-05-31 10754718 c:IndependentExaminationCharity 2023-06-01 2024-05-31 10754718 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 10754718 b:Trustee1 2023-06-01 2024-05-31 10754718 b:Trustee2 2023-06-01 2024-05-31 10754718 b:Trustee3 2023-06-01 2024-05-31 10754718 b:TotalEndowmentFunds 2023-06-01 2024-05-31 10754718 b:TotalEndowmentFunds 2024-05-31 10754718 b:TotalEndowmentFunds 2023-05-31 10754718 b:TotalUnrestrictedFunds 2024-05-31 10754718 b:TotalUnrestrictedFunds 2023-05-31 10754718 c:FullAccounts 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure

Registered number: 10754718
Charity number: 1174314











BEDETEX LTD
(A company limited by guarantee)








Unaudited

Trustees' report and financial statements

For the Year Ended 31 May 2024

 
BEDETEX LTD
 
(A company limited by guarantee)
 

Contents



Page
Reference and administrative details of the Company, its Trustees and advisers
1
Trustees' report
2 - 3
Independent examiner's report
4
Statement of financial activities
5
Balance sheet
6
Notes to the financial statements
7 - 11

 
BEDETEX LTD
 
(A company limited by guarantee)
 

Reference and administrative details of the Company, its Trustees and advisers
For the Year Ended 31 May 2024


Trustees
Mr A Zonszajn
Mrs R Zonszajn
Mr S Landau

Company registered number
10754718

Charity registered number
1174314

Registered office
18 Lingwood Road
London
E5 9BN

Accountants
Accshire Accountancy LLP
Rear Entrance 123 Clapton Common
London
E5 9AB

Bankers
CAF Bank Ltd
25 Kings Hill Avenue
Kings Hill
West Malling
ME19 4TA

Page 1

 
BEDETEX LTD
 
(A company limited by guarantee)
 
  
Trustees' report
For the Year Ended 31 May 2024

The Trustees present their annual report together with the financial statements of the Bedetex Ltd for the  1 June 2023 to 31 May 2024The Annual report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019). 
 

Since the Company qualifies as small under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.
 

Objectives and activities
 

a. Policies and objectives
 

The objectives of the charity are the support of Orthodox Jewish religion, education and welfare, generally by making grants to charitable organisations.
 

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
 

b. Strategies for achieving objectives
 

The trustees select the institutions to be supported according to their personal knowledge of the work of the institution. Grants are given according to circumstances and funds then available.
 

Achievements and performance
 

a. Main achievements of the Company
 

During the year the charity managed its investment portfolio, and made donations from the profits generated.
 

Financial review
 

a. Going concern
 

After making appropriate enquiries, the Trustees have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future and they therefore continue to adopt the going concern basis in preparing the financial statements.
 

b. Reserves policy
 

The charity aims to retain sufficient reserves to meet its operating commitments.
 

Page 2

 
BEDETEX LTD
 
(A company limited by guarantee)
 
Structure, governance and management
 

a. Constitution
 

The charity is registered as a charitable company limited by guarantee and is governed by a Memorandum and Articles of Association dated 4 May 2017.
 

b. Methods of appointment or election of Trustees
 

The management of the Company is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed.
 

c. Financial risk management
 

The Trustees have assessed the major risks to which the Company is exposed, in particular those related to the operations and finances of the Company, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks.
 

Statement of Trustees' responsibilities
 

The Trustees (who are also the directors of the Company for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).


Company law requires the Trustees to prepare financial statements for each financial . Under company 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 Company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

select suitable accounting policies and then apply them consistently;
observe the methods and principles of the Charities SORP (FRS 102);
make judgments and accounting estimates that are reasonable and prudent;
state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.


The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.


 

Approved by order of the members of the board of Trustees and signed on their behalf by:
Mr A Zonszajn
Trustee
Date: 23 February 2025
Page 3

 
BEDETEX LTD

(A company limited by guarantee)
 
 
 
Independent examiner's report
For the Year Ended 31 May 2024

Independent examiner's report to the Trustees of Bedetex Ltd ('the Company')

 
I report to the charity Trustees on my examination of the accounts of the Company for the year ended 31 May 2024.


Responsibilities and basis of report


As the Trustees of the Company (and 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 the Company's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.


Independent examiner's statement


I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:


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.


This report is made solely to the Company's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008My work has been undertaken so that I might state to the Company's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Company and the Company's Trustees as a body, for my work or for this report.



Signed:      Dated: 23 February 2025

 
E Royde     FCCA

 
Accshire Accountancy LLP
Rear Entrance 123 Clapton Common
London E5 9AB
Page 4

 
BEDETEX LTD
 
(A company limited by guarantee)

 
 
Statement of financial activities (incorporating income and expenditure account)
For the Year Ended 31 May 2024


Unrestricted funds
2024
Total
funds
2024
Total
funds
2023
Note
        £
        £
        £

Income from:






Investments

2

82,357

82,357

83,601
 
Total income
82,357
82,357
83,601
Expenditure on:






Raising funds

3

25,549

25,549

18,272
 
Charitable activities

5

124,380

124,380

82,940
 
Total expenditure
149,929
149,929
101,212

Net expenditure before net gains/(losses) on investments

  

(67,572)

(67,572)

(17,611)
 
Net gains/(losses) on investments

  

3,758

3,758

(1,757)
 
Net movement in funds
  
(63,814)
(63,814)
(19,368)

Reconciliation of funds:

  




Total funds brought forward

  

1,589,499

1,589,499

1,608,867
 
Net movement in funds

  

(63,814)

(63,814)

(19,368)
 
Total funds carried forward
  
1,525,685
1,525,685
1,589,499

The Statement of financial activities includes all gains and losses recognised in the year.

The notes on pages 7 to 11 form part of these financial statements.

Page 5

 
BEDETEX LTD
 
(A company limited by guarantee)
Registered number: 10754718

 
 
Balance sheet
As at 31 May 2024


2024
2023
Note
£
£

Fixed assets
  

Investment property
 9 
1,515,000
1,550,000

  
1,515,000
1,550,000

Current assets
  

Debtors
 10 
39,927
35,638

Cash at bank and in hand
  
13,652
40,785

  
53,579
76,423

Creditors: amounts falling due within one year
 11 
(42,894)
(36,924)

Net current assets 
  
 
 
10,685
 
 
39,499

Total assets less current liabilities
  
1,525,685
1,589,499

Total net assets 
  
1,525,685
1,589,499


Charity funds
  

Unrestricted funds
 12 
1,525,685
1,589,499

Total funds
  
1,525,685
1,589,499

The Company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:

Mr A Zonszajn
(Trustee)
Date: 23 February 2025

The notes on pages 7 to 11 form part of these financial statements.

Page 6

 
BEDETEX LTD

(A company limited by guarantee)
 
 
 
Notes to the financial statements
For the Year Ended 31 May 2024

1.Accounting policies

  
1.1

Basis of preparation of financial statements

The financial statements 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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Bedetex Ltd meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

  
1.2

Income

All income is recognised once the Company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

  
1.3

Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 on raising funds includes all expenditure incurred by the Company to raise funds for its charitable purposes and includes costs of all fundraising activities events, non-charitable trading and investment management costs.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Company's objectives, as well as any associated support costs.

Grants payable are charged in the year when they are paid.

All expenditure is inclusive of irrecoverable VAT.

  
1.4

Investment Property

Investment property is carried at fair value determined annually by the trustees and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the SOFA.

  
1.5

Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Company and which have not been designated for other purposes.

Investment income, gains and losses are allocated to the appropriate fund.

Page 7

 
BEDETEX LTD

(A company limited by guarantee)
 
 
 
Notes to the financial statements
For the Year Ended 31 May 2024

2.

Investment income




Unrestricted funds
2024
Total
funds
2024
Total
funds
2023
        £
        £
        £




Rent received

82,288

82,288

83,541
 
Interest income

69

69

60
 


82,357
82,357
83,601


3.

Investment management costs




Unrestricted funds
2024
Total
funds
2024
Total
funds
2023
        £
        £
        £




Investment management costs

25,425

25,425

18,180
 
Bank charges

124

124

92
 


25,549
25,549
18,272


4.

Analysis of grants




Grants to Institutions
2024
Total
funds
2024
Total
funds
2023
        £
        £
        £




Grants

122,460

122,460

81,860
 

Page 8

 
BEDETEX LTD

(A company limited by guarantee)
 
 
 
Notes to the financial statements
For the Year Ended 31 May 2024

4.Analysis of grants (continued)

The Company has made the following material grants to institutions during the year:

2024
£

Name of institution

Yeshuos Shabbos
15,780

Mosdos Hatorah Pnei Menachem Limited
11,350

The Simcha Trust
10,820

37,950

Other grants to institutions < £10,000
84,510

122,460


5.

Analysis of expenditure on charitable activities


Summary by fund type




Unrestricted funds
2024
Total
2024
Total
2023
        £
        £
        £




Grants

124,380

124,380

82,940
 


6.

Analysis of expenditure by activities





Grant funding of activities
2024
Support costs
2024
Total
funds
2024
Total
funds
2023
        £
        £
        £
        £





Grants

122,460

1,920

124,380

82,940
 


Page 9

 
BEDETEX LTD

(A company limited by guarantee)
 
 
 
Notes to the financial statements
For the Year Ended 31 May 2024

7.

Independent examiner's remuneration

2024
2023
£
£

Fees payable to the Company's independent examiner for the independent examination of the Company's annual accounts
600
420

Fees payable to the Company's independent examiner in respect of:

All other services not included above
600
540


8.


Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2023 - £NIL).

During the year ended 31 May 2024, no Trustee expenses have been incurred (2023 - £NIL).


9.


Investment property




Freehold investment property

£


Valuation

At 1 June 2023
1,550,000

Disposals
(35,000)


At 31 May 2024
1,515,000

The valuations were made by the trustees as at 31 May 2024, on an open market value for existing use basis.


10.



Debtors


2024
2023
£
£


Due within one year

Trade debtors
21,725
17,772

Other debtors
18,202
17,866

39,927
35,638

Page 10

 
BEDETEX LTD

(A company limited by guarantee)
 
 
 
Notes to the financial statements
For the Year Ended 31 May 2024

11.



Creditors: Amounts falling due within one year


2024
2023
£
£


Other loans
34,213
28,483

Other creditors
7,481
7,481

Accruals and deferred income
1,200
960

42,894
36,924


12.

Statement of funds


Statement of funds - current year

Balance at 1 June 2023
£
Income
£
Expenditure
£
Gains/
(Losses)
£
Balance at 31 May 2024
£

Unrestricted funds






Reserves

1,589,499

82,357

(149,929)

3,758

1,525,685
 

Page 11