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REGISTERED COMPANY NUMBER: 03210216 (England and Wales)
REGISTERED CHARITY NUMBER: 1061008



















CHAIM CHARITABLE COMPANY LIMITED
(A COMPANY LIMITED BY GUARANTEE)

REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

CHAIM CHARITABLE COMPANY LIMITED






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Reference and Administrative Details 1

Report of the Trustees 2 to 3

Independent Examiner's Report 4

Statement of Financial Activities 5

Balance Sheet 6 to 7

Notes to the Financial Statements 8 to 11

CHAIM CHARITABLE COMPANY LIMITED

REFERENCE AND ADMINISTRATIVE DETAILS
FOR THE YEAR ENDED 30 JUNE 2024



TRUSTEES A Matyas
M Matyas
M Landau (resigned 3.9.24)
A Stern (appointed 3.9.24)


COMPANY SECRETARY A Matyas


REGISTERED OFFICE First Floor
94 Stamford Hill
London
N16 6XS


REGISTERED COMPANY
NUMBER
03210216 (England and Wales)


REGISTERED CHARITY
NUMBER
1061008


INDEPENDENT EXAMINER Sugarwhite Meyer Accountants Ltd
First Floor
94 Stamford Hill
London
N16 6XS


BANKERS Santander UK plc
Bootle
Merseyside L30 4GB

CHAIM CHARITABLE COMPANY LIMITED (REGISTERED NUMBER: 03210216)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30 JUNE 2024


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 30 June 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).

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:

(1) the advancement of religion in accordance with the Orthodox Jewish faith;
(2) the relief of poverty and,
(3) for such other charitable purposes as are recognised by English Law as charitable

The charity is grantmaking. The trustees confirm they have given due regard to the Charity Commission's guidance on public benefit.

Grantmaking
Grants are made to charitable institutions and organisations which accord with the objects of the charity.The trustees are approached for donations by a wide variety of charitable institutions The trustees consider all requests which they receive and make donations based on circumstances and funds available.
Applications by individuals must be accompanied by a letter of recommendation by the applicant's minister or other known religious leader.

FINANCIAL REVIEW
Review of activities and achievements
Income increased by 14% with an increase 14% in grantmaking.There was a surplus for the year.

Reserves policy
The trustees do not seek to maintain reserves, other than to ensure that they can continue the activities of the charity. Reserves at the year end stood at £62,001 (2023 - £43,514).

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
Constitution
The charity was incorporated as a limited company on 10th June 1996 and is governed by its Memorandum and Articles of Association.

Organisational structure
The power to appoint new trustees vests with the current board. It is not the intention of the trustees of the charity to appoint any new trustees. Should the situation change in the future, the trustees will apply suitable recruitment induction and training procedures.

Risk management
The trustees have reviewed the major risks that the charity is exposed and confirm that they have established systems to mitigate them.


CHAIM CHARITABLE COMPANY LIMITED (REGISTERED NUMBER: 03210216)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30 JUNE 2024

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on 30 April 2025 and signed on its behalf by:





A Matyas - Trustee

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
CHAIM CHARITABLE COMPANY LIMITED

Independent examiner's report to the trustees of Chaim Charitable Company Limited ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 June 2024.

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
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.








E Meyer FCA BSc

Sugarwhite Meyer Accountants Ltd
First Floor
94 Stamford Hill
London
N16 6XS

30 April 2025

CHAIM CHARITABLE COMPANY LIMITED

STATEMENT OF FINANCIAL ACTIVITIES
(INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 30 JUNE 2024

2024 2023
Unrestricted Total
fund funds
Notes £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 245,843 191,777

EXPENDITURE ON
Raising funds 2 1,584 5,390

Charitable activities 3
Grantmaking 222,986 194,918
Support 2,786 2,574
Total 227,356 202,882

NET INCOME/(EXPENDITURE) 18,487 (11,105 )


RECONCILIATION OF FUNDS
Total funds brought forward 43,514 54,619

TOTAL FUNDS CARRIED FORWARD 62,001 43,514

CHAIM CHARITABLE COMPANY LIMITED (REGISTERED NUMBER: 03210216)

BALANCE SHEET
30 JUNE 2024

2024 2023
Total Total
funds funds
Notes £    £   
CURRENT ASSETS
Debtors 8 51,260 51,260
Cash at bank 15,301 -
66,561 51,260

CREDITORS
Amounts falling due within one year 9 (4,560 ) (7,746 )

NET CURRENT ASSETS 62,001 43,514

TOTAL ASSETS LESS CURRENT
LIABILITIES

62,001

43,514

NET ASSETS/(LIABILITIES) 62,001 43,514
FUNDS
Unrestricted funds:
General fund 62,001 43,514
TOTAL FUNDS 62,001 43,514

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.


The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 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.


CHAIM CHARITABLE COMPANY LIMITED (REGISTERED NUMBER: 03210216)

BALANCE SHEET - continued
30 JUNE 2024

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 30 April 2025 and were signed on its behalf by:





A Matyas - Trustee

CHAIM CHARITABLE COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

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.

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.

Donations are included in full in the Statement of Financial Activities when received.

Expenditure
Expenditure is recognised in the year in which it incurs and includes irrecoverable VAT, which is reported as part of the expenditure to which it relates.

Grants made are only recognised in the accounts when paid.

Governance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.

Taxation
The charity is exempt from corporation tax on its charitable activities.

Going concern
There are no material uncertainties about the charity's ability to continue.

2. RAISING FUNDS

Raising donations and legacies
2024 2023
Unrestricted Total
funds funds
£    £   
Postage stationery advertising 284 190
Office expenses 1,300 5,200
1,584 5,390


CHAIM CHARITABLE COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

3. CHARITABLE ACTIVITIES COSTS
Grant
funding of
activities Support
(see note costs (see
4) note 5) Totals
£    £    £   
Grantmaking 222,986 - 222,986
Support - 2,786 2,786
222,986 2,786 225,772

4. GRANTS PAYABLE
2024 2023
£    £   
Grantmaking 222,986 194,918
The total grants paid to institutions during the year was as follows:
2024 2023
£    £   
Advancement of education 39,950 67,450
Relief of poverty 72,452 32,985
Advancement of religion 43,431 43,734
Medical 2,280 11,404
Social welfare 36,140 20,675
194,253 176,248

Amud Hatzdokoh Trust 21,680
Beis Aharon TT Activity Centre 19,000
Yad Vochesed 10,000
Chevras Mo'oz Ladol 9,705
Yeshivas Ohr Yoseph 9,037
Start Upright 9,000
Reb Shayales Tzeduke 8,000
Others under £8,000 107,831
194,253

The total grants paid to individuals during the year was as follows:
2024 2023
£    £   
Relief of poverty 28,733 17,970
Medical - 700
28,733 18,670


CHAIM CHARITABLE COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

5. SUPPORT COSTS
Governance
costs
£   
Support 2,786

Support costs, included in the above, are as follows:

Governance costs
2024 2023
Total
Support activities
£    £   
Independent examiner's fee 1,080 1,080
Independent examiner's other fees 1,320 1,080
General expenses 386 414
2,786 2,574

6. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 30 June 2024 nor for the year ended 30 June 2023.


Trustees' expenses

There were no trustees' expenses paid for the year ended 30 June 2024 nor for the year ended 30 June 2023.


7. AVERAGE STAFF NUMBERS

The average number of staff in the year was NIL (2023 - NIL).

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 51,260 51,260


CHAIM CHARITABLE COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 10) - 3,666
Accruals and deferred income 4,560 4,080
4,560 7,746

10. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year on demand:
Bank overdrafts - 3,666

11. RELATED PARTY DISCLOSURES

The charity received a unrestricted donations totalling £80,500 (2023: £69,500) from a trustee, the charity also received unrestricted donations totalling £Nil (2023:£5,500) from companies in which close relatives of a trustee are Directors. The charity donated a total of £7,720 (2023: £2,292) to charities in which a trustee has an interest.