REGISTERED COMPANY NUMBER: 01243006 (England and Wales)

REGISTERED CHARITY NUMBER: 271251

SANHORN LIMITED

(A COMPANY LIMITED BY GUARANTEE)

REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Reference and Administrative Details

1

Report of the Trustees

2

Independent Examiner's Report

3

Statement of Financial Activities

4

Balance Sheet

5

to

6

Notes to the Financial Statements

7

to

10

TRUSTEES

S Horovitz

M Horovitz

A Horovitz

Mrs R Klein

Mrs S Lipschitz

REGISTERED OFFICE

First Floor

94 Stamford Hill

London

N16 6XS

REGISTERED COMPANY NUMBER

01243006 (England and Wales)

REGISTERED CHARITY NUMBER

271251

INDEPENDENT EXAMINER

Sugarwhite Meyer Accountants Ltd

First Floor

94 Stamford Hill

London

N16 6XS

BANKERS

Barclays Bank plc

1 Churchill Place

London

E14 5HP

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 31 March 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).

Reference and administrative details

Reference and administrative details is shown on page 1 of the financial statements and forms part of this report.

OBJECTIVES AND ACTIVITIES

Objectives for public benefit

The objects of the charity are the advancement of religion in accordance with the Orthodox Jewish Faith, the relief of poverty and such other purposes as are recognised by English Law as charitable.

The trustees confirm that they have referred to the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning future activities, and setting the grant making policy for the year.

ACHIEVEMENTS AND PERFORMANCE

Charitable activities

The trustees are pleased with the results of year. The deficit for the year being funded from reserves held.

FINANCIAL REVIEW

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 were £434,321 (2024 - £440,212) with free reserves of £3,571 (2024- £8,039).

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is constituted as a limited company and is governed by its Memorandum and Articles of Association dated 4 February 1976.

Organisational structure

The power to appoint new trustees is vested in 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 to which the charity is exposed and confirm that they have established systems to mitigate them.

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 17 December 2025 and signed on its behalf by:

S Horovitz - Trustee

Independent examiner's report to the trustees of Sanhorn Limited ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 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

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

17 December 2025

2025

2024

Unrestricted

Total

fund

funds

Notes

£

£

INCOME AND ENDOWMENTS FROM

Investment income

2

30,321

31,670

EXPENDITURE ON

Charitable activities

3

Grantmaking

34,996

24,850

Support

1,216

944

Total

36,212

25,794

NET INCOME/(EXPENDITURE)

(5,891

)

5,876

RECONCILIATION OF FUNDS

Total funds brought forward

440,212

434,336

TOTAL FUNDS CARRIED FORWARD

434,321

440,212

2025

2024

Total

Total

funds

funds

Notes

£

£

CURRENT ASSETS

Debtors

8

430,750

430,750

Cash at bank

6,237

10,990

436,987

441,740

CREDITORS

Amounts falling due within one year

9

(2,666

)

(1,528

)

NET CURRENT ASSETS

434,321

440,212

TOTAL ASSETS LESS CURRENT LIABILITIES

434,321

440,212

NET ASSETS

434,321

440,212

FUNDS

Unrestricted funds:

General fund

434,321

440,212

TOTAL FUNDS

434,321

440,212

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

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 17 December 2025 and were signed on its behalf by:

S Horovitz - Trustee

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.

Income from investments is included in the year in which it is receivable.

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.

Support costs are those incurred to assist the work of the charity but are not direct charitable activities.

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.

Financial instruments

The charity only has financial assets and liabilities of a kind that qualify as basic financial instruments.

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 amount expected to be received or paid and not discounted.

2.	INVESTMENT INCOME

2025

2024

Unrestricted

Total

funds

funds

£

£

Deposit account interest

168

117

Loan interest received

30,153

31,553

30,321

31,670

3.	CHARITABLE ACTIVITIES COSTS

Grant

funding of

activities

Support

(see note

costs (see

4)

note 5)

Totals

£

£

£

Grantmaking

34,996

-

34,996

Support

-

1,216

1,216

34,996

1,216

36,212

4.	GRANTS PAYABLE

2025

2024

£

£

Grantmaking

34,996

24,850

The total grants paid to institutions during the year was as follows:

2025

2024

£

£

Advancement of education

5,046

14,350

Relief of poverty

22,750

9,800

Advancement of religion

200

700

Social welfare

7,000

-

34,996

24,850

Wlodowa Charity

17,750

One Heart- Lev Echod

7,000

Beis Chinuch Lebonos

5,000

Kollel Chibath Yerushalayim

5,000

Donations below £1,000

246

34,996

5.	SUPPORT COSTS

Governance

Finance

costs

Totals

£

£

£

Support

78

1,138

1,216

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

Finance

2025

2024

Total

Support

activities

£

£

Bank charges

78

104

Governance costs

2025

2024

Total

Support

activities

£

£

Independent examiner's fee

480

420

Independent examiner's other fees

480

420

Legal and professional fees

178

-

1,138

840

6.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.

7.	AVERAGE STAFF NUMBERS

The average number of staff during the year was Nil (2024 - Nil).

8.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Other debtors

10,750

10,750

Amounts falling due after more than one year:

Other debtors

420,000

420,000

Aggregate amounts

430,750

430,750

9.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other creditors

688

688

Accruals and deferred income

1,978

840

2,666

1,528

10.	RELATED PARTY DISCLOSURES

Other debtors represents amounts due from companies of which one of the trustees of this charitable company is also a director. Interest on received these loans was £30,153 (2024 - £31,553).