132 false false false false false false true false false false false false true No description of principal activity 2023-12-01 Sage Accounts Production Advanced 2024 - FRS102_2024_Charity xbrli:pure xbrli:shares iso4217:GBP 6935713 2023-12-01 2024-11-30 6935713 2024-11-30 6935713 2023-11-30 6935713 2022-12-01 2023-11-30 6935713 2023-11-30 6935713 2022-11-30 6935713 core:LandBuildings core:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 6935713 core:FurnitureFittings 2023-12-01 2024-11-30 6935713 core:MotorVehicles 2023-12-01 2024-11-30 6935713 bus:LeadAgentIfApplicable 2023-12-01 2024-11-30 6935713 char:Trustee1 2023-12-01 2024-11-30 6935713 char:Trustee3 2023-12-01 2024-11-30 6935713 char:TotalUnrestrictedFunds 2023-11-30 6935713 char:TotalUnrestrictedFunds 2024-11-30 6935713 char:TotalUnrestrictedFunds 2023-11-30 6935713 char:TotalUnrestrictedFunds 2023-12-01 2024-11-30 6935713 char:TotalRestrictedIncomeFunds 2023-12-01 2024-11-30 6935713 char:TotalUnrestrictedFunds 2022-12-01 2023-11-30 6935713 char:TotalRestrictedIncomeFunds 2022-12-01 2023-11-30 6935713 char:Activity1 char:TotalUnrestrictedFunds 2023-12-01 2024-11-30 6935713 char:Activity1 2023-12-01 2024-11-30 6935713 char:Activity1 2022-12-01 2023-11-30 6935713 char:Activity1 char:TotalUnrestrictedFunds 2022-12-01 2023-11-30 6935713 core:WithinOneYear 2024-11-30 6935713 core:WithinOneYear 2023-11-30 6935713 core:LandBuildings 2023-11-30 6935713 core:FurnitureFittings 2023-11-30 6935713 core:LandBuildings 2024-11-30 6935713 core:FurnitureFittings 2024-11-30 6935713 core:MotorVehicles 2024-11-30 6935713 core:LandBuildings 2023-12-01 2024-11-30 6935713 core:AfterOneYear 2024-11-30 6935713 core:AfterOneYear 2023-11-30 6935713 core:LandBuildings 2023-11-30 6935713 core:FurnitureFittings 2023-11-30 6935713 bus:LeadAgentIfApplicable 2022-12-01 2023-11-30 6935713 bus:SmallEntities 2023-12-01 2024-11-30 6935713 bus:Audited 2023-12-01 2024-11-30 6935713 bus:SmallCompaniesRegimeForDirectorsReport 2023-12-01 2024-11-30 6935713 bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 6935713 bus:FullAccounts 2023-12-01 2024-11-30 6935713 core:OtherPropertyPlantEquipment 2023-12-01 2024-11-30 6935713 core:OtherPropertyPlantEquipment 2023-11-30 6935713 core:OtherPropertyPlantEquipment 2024-11-30 6935713 core:AfterOneYear 2023-12-01 2024-11-30
COMPANY REGISTRATION NUMBER: 6935713
CHARITY REGISTRATION NUMBER: 1130433
The Gateshead Cheder Ltd
Company Limited by Guarantee
Financial Statements
30 November 2024
The Gateshead Cheder Ltd
Company Limited by Guarantee
Financial Statements
Year ended 30 November 2024
Page
Trustees' annual report (incorporating the director's report)
1
Independent auditor's report to the trustees
6
Statement of financial activities (including income and expenditure account)
11
Statement of financial position
12
Statement of cash flows
13
Notes to the financial statements
14
The Gateshead Cheder Ltd
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report)
Year ended 30 November 2024
The trustees, who are also the directors for the purposes of company law, present their report and the financial statements of the charity for the year ended 30 November 2024 .
Reference and administrative details
Registered charity name
The Gateshead Cheder Ltd
Charity registration number
1130433
Company registration number
6935713
Principal office and registered
Tynegate Precinct
office
Sunderland Road
Gateshead
Tyne & Wear
NE8 3HY
The trustees
S Kohn
P Abenson
Auditor
Haffner Hoff Auditors Ltd
Accountants & statutory auditor
2nd Floor - Parkgates
Bury New Road
Prestwich
Manchester
M25 0TL
Bankers
Lloyds Bank plc
15 West Street
Gateshead
Tyne & Wear
NE8 1DP
Structure, governance and management
The Gateshead Cheder Ltd is constituted by Memorandum and Articles of Association and is a company limited by guarantee. It was incorporated on 16 June 2009 as a company and the company number is 6935713 . It was registered as a charity on 30 June 2009 with a charity number 1130433 .
Organisation
The trustees are responsible for the control and direction of the school together with the governors. The day to day running of the school is carried out by the trustees in consultation with the senior management team.
Recruitment of trustees
Recruitment and appointment of new trustees is in line with the Memorandum and Articles of Association and with the consent of the trustees. The criteria set for the suitable candidate would be someone who is sensitive to the needs and demands of the organisation.
There is no chief executive officer. The day to day affairs are undertaken by Mr D Hanan on behalf of the trustees. All major decisions are taken collectively by the trustees and all the trustees give of their time freely. The trustees are unpaid and details of any related party transactions are disclosed as applicable in the notes to the accounts. The arrangements for setting the pay of the charity’s employees are the sole domain of the trustees.
Training and induction of trustees is applied as applicable.
Risk review
The Trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the Trust, and are satisfied that systems are in place to manage our exposure to the major risks.
The risks faced by the trust are principally operational risks from ineffective running of the school. These risks are managed by the trustees ensuring the right staff are utilised and the right policies are implemented.
In terms of financial risk, this is dependent on the efficient collection of voluntary contributions from parents and on charitable contributions from members of the local community. If external fund raising is not maximised this can have a negative impact on the school with regard to the recruitment of the most suitably qualified teachers as well as on extra curricular activities. Acquisition of educational material would also be restricted.
Report back and review procedures strengthen these safeguards to ensure public benefit is achieved from all aspects of the school management.
Risk Management
The process of examining the risks to which the charity is exposed is ongoing and the trustees are planning to further develop systems to monitor and control these risks in order to lessen their potential impact on the Charity.
Public Benefit
The trustees confirm that they have referred to the guidance contained in the Charity Commission’s general guidance on public benefit and in particular to its supplementary public benefit guidance on advancing education when reviewing the charity’s aims and objectives and in planning future activities.
Objectives and activities
Objects
The objects of the charity are (i) the advancement of orthodox Jewish religious education and education in general and (ii) the advancement of such other objects as are for the benefit of the public and are charitable according to English Law.
Public benefit
The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit and in particular to its supplementary public benefit guidance on advancing education when reviewing the charity's aims and objectives and in planning future activities and setting grant making policy for the year.
Grant making policy
The charity pays out grants in line with the objects as stated in the Memorandum and Articles of Association.
Principal Activities of the year
The charity is funded by voluntary contributions, grants and donations. The charity provides education to children in the Gateshead area.
Objectives for the year
This year, the focus has been on the continued achievement of academic performance.
The trustees consider they have met the public benefit test and outline these achievements below.
The trustees consider the shorter term aims to be similar to the longer term aims and assess the achievement of the charity in the same way.
Achievements and performance
During the year the charity received £155,622 in voluntary contributions (2023: £164,656), £781,652 in childcare fees (2023: £845,359), £28,199 in transportation fees (2023: £33,564), £68,896 in services rendered (2023: £16,647), £1,310 in other income from charitable activities (2023:nil), £225 in bank interest receivable (2023:£122) and £112,860 in donations (2023: £92,676).
The charity paid out £1,857,517 for teaching, direct educational expenditure, support costs and welfare expenses (2023: £1,545,637). The charity was successful in dispensing education to children of various ages during the year. The charity operated a school called a Cheder that educated 458 boys aged 3 to 16 in the Gateshead area.
The charity also had grants receivable from CST and Gateshead MBC and others amounting to £596,710 during the year (2023: £456,464).
There were no grants paid out to needy individuals and various other educational establishments during the year (2023: £7,500). These grants were made in line with the stated objects of the charity.
There were no investments made during the year.
Related party transactions are as disclosed in the notes to the accounts.
Fundraising costs incurred during the year are as detailed in the notes to the accounts as applicable.
The building is not owned by the charity but the school has all rights and obligations on the building as well as all risks and rewards associated with it. Land and buildings represents capital expenditure incurred by the charity as the fabric of the building. Despite the fact that the building is actually owned by a separate entity, the additions belong to the Gateshead Cheder Ltd.
There was an overall net expenditure and net movement in funds for the year amounting to £113,701 representing zero net income on the restricted fund as well as £113,701 net expenditure on the unrestricted fund. This compares to 2023 where there was overall net income and net movement in funds for the year amounting to £59,747 representing net income on the restricted fund of zero as well as £59,747 net income on the unrestricted fund.
Financial review
The trustees feel that the activity reflects the profile and standing within the local community. The impact for future year's expenditure is self evident and the trustees would like to record their appreciation for all the financial and other support received from benefactors during the course of the year.
Reserves policy
The unrestricted fund represents the unrestricted funds arising from past operating results. The free reserves represented by the current assets are in a healthy state.
It is the policy of the charity to maintain unrestricted funds at a level sufficient to cover unforeseen and major expenditure and shortfalls in income. The trustees remain confident in their ability to raise the necessary funds, thereby adhering to the stated policy and to the maintenance of a balanced budget. Additionally, most of the current liabilities and all of the long term liabilities are interest free loans from well wishers who want the school to succeed and would not call them in to the detriment of the charity.
Total funds for the year were £318,218 (2023: £431,919). The free reserves, represented by the net current assets of the charity stand at £76,896 (2023: 191,107).
Plans for future periods
The trustees plan to continue raising funds for projects in line with the memorandum and articles of association and to pursue those educational objectives and projects by operating and maintaining the school with all the resources available to the charity.
Trustees' responsibilities statement
The trustees, who are also directors 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 charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitable company and the incoming resources and application of resources, including the 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 in the applicable Charities SORP; - make judgments and accounting estimates that are reasonable and prudent; - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity 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 charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Auditor
Each of the persons who is a trustee at the date of approval of this report confirms that:
- so far as they are aware, there is no relevant audit information of which the charity's auditor is unaware; and - they have taken all steps that they ought to have taken as a trustee to make themselves aware of any relevant audit information and to establish that the charity's auditor is aware of that information.
The auditor is deemed to have been re-appointed in accordance with section 487 of the Companies Act 2006.
The trustees' annual report was approved on 8 September 2025 and signed on behalf of the board of trustees by:
P Abenson
Trustee
The Gateshead Cheder Ltd
Company Limited by Guarantee
Independent Auditor's Report to the Trustees
Year ended 30 November 2024
Opinion
We have audited the financial statements of The Gateshead Cheder Ltd (the 'charity') for the year ended 30 November 2024 which comprise the statement of financial activities (including income and expenditure account), statement of financial position, statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements: - give a true and fair view of the state of the charity's affairs as at 30 November 2024 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended; - have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; - have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
Other information
The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the trustees' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the trustees' report has been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees' report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion: - adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or - the financial statements are not in agreement with the accounting records and returns; or - certain disclosures of trustees' remuneration specified by law are not made; or - we have not received all the information and explanations we require for our audit; or - the trustees were not entitled to take advantage of the small companies' exemptions from the requirement to prepare a strategic report.
Responsibilities of trustees
As explained more fully in the trustees' responsibilities statement, the trustees (who are also the directors for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.
Auditor's responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: We identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and then design and perform audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion. In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we considered the following: the nature of the industry and sector, control environment and business performance; results of our enquiries of management about their own identification and assessment of the risks of irregularities; any matters we identified having obtained and reviewed the company's documentation of their policies and procedures relating to (a) identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of noncompliance; (b) detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud; (c) the internal controls established to mitigate risks of fraud or non-compliance with laws and regulations; (d) the matters identified as to how and where fraud might occur in the financial statements and any potential indicators of fraud. In common with all audits under ISAS (UK), we are also required to perform specific procedures to respond to the risk of management override. We also obtained an understanding of the legal and regulatory frameworks that the company operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included the UK Companies Act, UK Corporate Governance Code, UK tax legislation and UK Charity Act. In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which may be fundamental to the company's ability to operate or to avoid a material penalty. As a result of performing the above, we identified no key audit matters relating to the potential risk of fraud. Our procedures to respond to risks identified included the following: reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements; enquiring of management concerning actual and potential litigation and claims; performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud; obtaining an understanding of provisions and holding discussions with management to understand the basis of recognition or non-recognition of tax provisions; and in addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments; assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business. We remained alert to any indications of fraud or noncompliance with laws and regulations throughout the audit. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors. As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also: - Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. - Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the internal control. - Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the trustees. - Conclude on the appropriateness of the trustees' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the charity's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the charity to cease to continue as a going concern. - Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. Use of our report
This report is made solely to the charity's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charity's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's members as a body, for our audit work, for this report, or for the opinions we have formed.
Mr Howard Schwalbe ACA
(Senior Statutory Auditor)
For and on behalf of
Haffner Hoff Auditors Ltd
Accountants & statutory auditor
2nd Floor - Parkgates
Bury New Road
Prestwich
Manchester
M25 0TL
8 September 2025
The Gateshead Cheder Ltd
Company Limited by Guarantee
Statement of Financial Activities
(including income and expenditure account)
Year ended 30 November 2024
2024
2023
Unrestricted funds
Restricted funds
Total funds
Total funds
Note
£
£
£
£
Income and endowments
Donations and legacies
5
112,860
596,710
709,570
549,140
Charitable activities
6
1,310
–
1,310
–
Investment income
7
225
–
225
122
Other income
8
1,034,369
–
1,034,369
1,060,226
------------
---------
------------
------------
Total income
1,148,764
596,710
1,745,474
1,609,488
------------
---------
------------
------------
Expenditure
Expenditure on raising funds:
Costs of raising donations and legacies
9
1,658
–
1,658
4,104
Expenditure on charitable activities
10,11
1,260,807
596,710
1,857,517
1,545,637
------------
---------
------------
------------
Total expenditure
1,262,465
596,710
1,859,175
1,549,741
------------
---------
------------
------------
------------
---------
------------
------------
Net (expenditure)/income and net movement in funds
( 113,701)
–
( 113,701)
59,747
------------
---------
------------
------------
Reconciliation of funds
Total funds brought forward
431,919
–
431,919
372,172
------------
---------
------------
------------
Total funds carried forward
318,218
–
318,218
431,919
------------
---------
------------
------------
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The Gateshead Cheder Ltd
Company Limited by Guarantee
Statement of Financial Position
30 November 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible fixed assets
18
381,314
405,693
Current assets
Stocks
19
40,400
24,900
Debtors
20
232,770
296,595
Cash at bank and in hand
82,226
76,892
---------
---------
355,396
398,387
Creditors: amounts falling due within one year
21
278,500
207,280
---------
---------
Net current assets
76,896
191,107
---------
---------
Total assets less current liabilities
458,210
596,800
Creditors: amounts falling due after more than one year
22
139,992
164,881
---------
---------
Net assets
318,218
431,919
---------
---------
Funds of the charity
Unrestricted funds
318,218
431,919
---------
---------
Total charity funds
24
318,218
431,919
---------
---------
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
These financial statements were approved by the board of trustees and authorised for issue on 8 September 2025 , and are signed on behalf of the board by:
P Abenson
Trustee
The Gateshead Cheder Ltd
Company Limited by Guarantee
Statement of Cash Flows
Year ended 30 November 2024
2024
2023
£
£
Cash flows from operating activities
Net (expenditure)/income
(113,701)
59,747
Adjustments for:
Depreciation of tangible fixed assets
44,422
38,117
Other interest receivable and similar income
( 225)
( 122)
Interest payable and similar charges
7,297
7,521
Accrued (income)/expenses
( 7,285)
6,383
Changes in:
Stocks
( 15,500)
( 6,700)
Trade and other debtors
63,825
( 85,791)
Trade and other creditors
67,505
17,579
---------
--------
Cash generated from operations
46,338
36,734
Interest paid
( 7,297)
( 7,521)
Interest received
225
122
--------
--------
Net cash from operating activities
39,266
29,335
--------
--------
Cash flows from investing activities
Purchase of tangible assets
( 20,043)
( 5,500)
--------
--------
Net cash used in investing activities
( 20,043)
( 5,500)
--------
--------
Cash flows from financing activities
Proceeds from borrowings
( 13,889)
( 13,889)
--------
--------
Net cash used in financing activities
( 13,889)
( 13,889)
--------
--------
Net increase in cash and cash equivalents
5,334
9,946
Cash and cash equivalents at beginning of year
76,892
66,946
--------
--------
Cash and cash equivalents at end of year
82,226
76,892
--------
--------
The Gateshead Cheder Ltd
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 30 November 2024
1. General information
The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is Tynegate Precinct, Sunderland Road, Gateshead, Tyne & Wear, NE8 3HY.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Companies Act 2006.
3. Accounting policies
Tangible fixed assets
The building is not owned by the charity but the school has all the rights and obligations on the building, as well as all the risks and rewards associated with it.
The trustees have chosen to show the property in the accounts the users of the accounts gain a better understanding as to what is happening in the charity.
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements did not require management to make judgements, estimates or assumptions that affect the amounts reported.
Fund accounting
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds. Unrestricted funds are those available for use for general purposes at the discretion of the charity trustees and governors in furtherance of the charity's objects.
Incoming resources
All income is included in the statement of financial activities when entitlement has passed to the charity, it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income: - income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. - legacy income is recognised when receipt is probable and entitlement is established. - income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates: - expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods. - expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. - other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. The building is not owned by the charity but the school has all the rights and obligations on the building, as well as all the risks and rewards associated with it. Land and buildings represents capital expenditure incurred by the charity as the fabric of the building. Despite the fact that the building is actually owned by a separate entity, the additions belong to the Gateshead Cheder Ltd.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Freehold property
-
2% straight line
Fixtures and fittings
-
15% straight line
Motor vehicles
-
15% straight line
Equipment
-
15% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
Stocks
Stocks are measured at the lower of cost and value in use. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs. Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Debt instruments are subsequently measured at amortised cost. Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises.
4. Limited by guarantee
The Gateshead Cheder Ltd is a registered charity and a company limited by guarantee and does not have a share capital. In the event of the charity being wound up, members are required to contribute an amount not exceeding £10.
5. Donations and legacies
Unrestricted Funds
Restricted Funds
Total Funds 2024
£
£
£
Donations
Donations
112,860
–
112,860
Grants
Grants received from public authority
–
518,364
518,364
C S T grants receivable
–
78,346
78,346
---------
---------
---------
112,860
596,710
709,570
---------
---------
---------
Unrestricted Funds
Restricted Funds
Total Funds 2023
£
£
£
Donations
Donations
92,676
–
92,676
Grants
Grants received from public authority
–
375,128
375,128
C S T grants receivable
7,645
73,691
81,336
---------
---------
---------
100,321
448,819
549,140
---------
---------
---------
6. Charitable activities
Unrestricted Funds
Total Funds 2024
Unrestricted Funds
Total Funds 2023
£
£
£
£
Other income from charitable activities
1,310
1,310
–
–
-------
-------
----
----
7. Investment income
Unrestricted Funds
Total Funds 2024
Unrestricted Funds
Total Funds 2023
£
£
£
£
Bank interest receivable
225
225
122
122
----
----
----
----
8. Other income
Unrestricted Funds
Total Funds 2024
Unrestricted Funds
Total Funds 2023
£
£
£
£
Voluntary contributions
155,622
155,622
164,656
164,656
Childcare
781,652
781,652
845,359
845,359
Transport
28,199
28,199
33,564
33,564
Services Rendered
68,896
68,896
16,647
16,647
------------
------------
------------
------------
1,034,369
1,034,369
1,060,226
1,060,226
------------
------------
------------
------------
9. Costs of raising donations and legacies
Unrestricted Funds
Total Funds 2024
Unrestricted Funds
Total Funds 2023
£
£
£
£
Costs of raising donations and legacies - Grants receivable
1,658
1,658
4,104
4,104
-------
-------
-------
-------
10. Expenditure on charitable activities by fund type
Unrestricted Funds
Restricted Funds
Total Funds 2024
£
£
£
Teaching & educational expenditure
884,128
596,710
1,480,838
Welfare Expenses
330,000
–
330,000
Support costs
46,679
–
46,679
------------
---------
------------
1,260,807
596,710
1,857,517
------------
---------
------------
Unrestricted Funds
Restricted Funds
Total Funds 2023
£
£
£
Teaching & educational expenditure
780,604
448,819
1,229,424
Welfare Expenses
273,900
–
273,900
Support costs
42,314
–
42,313
------------
---------
------------
1,096,818
448,819
1,545,637
------------
---------
------------
11. Expenditure on charitable activities by activity type
Activities undertaken directly
Support costs
Total funds 2024
Total fund 2023
£
£
£
£
Teaching & educational expenditure
1,480,838
36,779
1,517,617
1,262,195
Welfare Expenses
330,000
–
330,000
273,900
Governance costs
–
9,900
9,900
9,542
------------
--------
------------
------------
1,810,838
46,679
1,857,517
1,545,637
------------
--------
------------
------------
12. Analysis of support costs
Analysis of support costs
Total 2024
Total 2023
£
£
£
Staff costs
23,667
23,667
20,544
General office
13,112
13,112
12,227
Governance costs
9,900
9,900
9,540
--------
--------
--------
46,679
46,679
42,311
--------
--------
--------
13. Analysis of grants
2024
2023
£
£
Grants to institutions
Gateshead Kollel
–
7,500
----
-------
Total grants
–
7,500
----
-------
14. Net (expenditure)/income
Net (expenditure)/income is stated after charging/(crediting):
2024
2023
£
£
Depreciation of tangible fixed assets
44,422
38,117
--------
--------
15. Auditors remuneration
2024
2023
£
£
Fees payable for the audit of the financial statements
7,140
6,900
-------
-------
Fees payable to the charity's auditor and its associates for other services:
Other non-audit services
2,760
2,640
-------
-------
16. Staff costs
The total staff costs and employee benefits for the reporting period are analysed as follows:
2024
2023
£
£
Wages and salaries
1,029,667
792,754
Employer contributions to pension plans
3,159
1,880
------------
---------
1,032,826
794,634
------------
---------
The average head count of employees during the year was 132 (2023: 103 ). The average number of full-time equivalent employees during the year is analysed as follows:
2024
2023
No.
No.
Number of administrative staff
3
3
Number of teaching staff (full & part time)
73
56
----
----
76
59
----
----
No employee received employee benefits of more than £60,000 during the year (2023: Nil).
17. Trustee remuneration and expenses
No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.
18. Tangible fixed assets
Land and buildings
Fixtures and fittings
Motor vehicles
Equipment
Total
£
£
£
£
£
Cost
At 1 December 2023
267,209
152,717
–
95,973
515,899
Additions
9,480
3,563
7,000
–
20,043
---------
---------
-------
--------
---------
At 30 November 2024
276,689
156,280
7,000
95,973
535,942
---------
---------
-------
--------
---------
Depreciation
At 1 December 2023
8,698
76,000
–
25,508
110,206
Charge for the year
5,534
23,442
1,050
14,396
44,422
---------
---------
-------
--------
---------
At 30 November 2024
14,232
99,442
1,050
39,904
154,628
---------
---------
-------
--------
---------
Carrying amount
At 30 November 2024
262,457
56,838
5,950
56,069
381,314
---------
---------
-------
--------
---------
At 30 November 2023
258,511
76,717
–
70,465
405,693
---------
---------
-------
--------
---------
Land and buildings represent work performed on the school building.
19. Stocks
2024
2023
£
£
Raw materials and consumables
40,400
24,900
--------
--------
20. Debtors
2024
2023
£
£
Trade debtors
189,355
258,424
Prepayments and accrued income
6,256
–
Loans
–
6,219
Other debtors
37,159
31,952
---------
---------
232,770
296,595
---------
---------
21. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
13,888
13,888
Trade creditors
137,779
82,404
Accruals and deferred income
16,869
24,154
Other creditors
109,964
86,834
---------
---------
278,500
207,280
---------
---------
22. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
74,075
87,964
Other creditors
65,917
76,917
---------
---------
139,992
164,881
---------
---------
Bank loans and overdrafts are secured on the land and buildings of the charity.
23. Pensions and other post retirement benefits
Defined contribution plans
The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £ 3,159 (2023: £ 1,880 ).
24. Analysis of charitable funds
Unrestricted funds
At 1 December 2023
Income
Expenditure
At 30 November 2024
£
£
£
£
General funds
431,919
1,148,764
(1,262,465)
318,218
---------
------------
------------
---------
At 1 December 2022
Income
Expenditure
At 30 November 2023
£
£
£
£
General funds
372,172
1,160,669
(1,100,922)
431,919
---------
------------
------------
---------
Restricted funds
At 1 December 2023
Income
Expenditure
At 30 November 2024
£
£
£
£
Restricted fund - grants receivable
–
596,710
(596,710)
–
----
---------
---------
----
At 1 December 2022
Income
Expenditure
At 30 November 2023
£
£
£
£
Restricted fund - grants receivable
–
448,819
(448,819)
–
----
---------
---------
----
25. Analysis of net assets between funds
Unrestricted Funds
Total Funds 2024
£
£
Tangible fixed assets
381,314
381,314
Current assets
355,396
355,396
Creditors less than 1 year
(278,500)
(278,500)
Creditors greater than 1 year
(139,992)
(139,992)
---------
---------
Net assets
318,218
318,218
---------
---------
Unrestricted Funds
Total Funds 2023
£
£
Tangible fixed assets
405,693
405,693
Current assets
398,387
398,387
Creditors less than 1 year
(207,280)
(207,280)
Creditors greater than 1 year
(164,881)
(164,881)
---------
---------
Net assets
431,919
431,919
---------
---------
26. Analysis of changes in net debt
At 1 Dec 2023
Cash flows
At 30 Nov 2024
£
£
£
Cash at bank and in hand
76,892
5,334
82,226
Debt due within one year
(13,888)
–
(13,888)
Debt due after one year
(87,964)
13,889
(74,075)
--------
--------
--------
( 24,960)
19,223
( 5,737)
--------
--------
--------
27. Related parties
Mr P Abenson , trustee of The Gateshead Cheder Ltd , lent various sums over a number of years to The Gateshead Cheder Ltd on an interest free and long term basis. The balance at the year end amounted to £29,617. Mr Z Abenson is a related party by virtue of the fact that he is the brother of trustee Mr P Abenson. Mr Z Abenson is an employee of the charity and received £9,263 during the year. Mrs E Kaufman is a related party by virtue of the fact that she is the sister of trustee Mr P Abenson. Mrs E Kaufman is an employee of the charity and received £8,875 during the year.
The Gateshead Cheder Ltd
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 30 November 2024
28. Taxation
The Gateshead Cheder Ltd is a registered charity and therefore is not liable to income tax on income derived from its charitable activities, as it falls within the various exemptions available to registered charities.