Chaim Sheyeshbo Charity Accounts

COMPANY REGISTRATION NUMBER: 9567367

CHARITY REGISTRATION NUMBER: 1163108

Chaim Sheyeshbo

Company Limited by Guarantee

Unaudited Financial Statements

30 April 2025

Chaim Sheyeshbo

Company Limited by Guarantee

Financial Statements

Year ended 30 April 2025

	Page

Trustees' annual report (incorporating the director's report)	1

Independent examiner's report to the trustees	4

Statement of financial activities (including income and expenditure account)	5

Statement of financial position	6

Notes to the financial statements	7

Chaim Sheyeshbo

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report)

Year ended 30 April 2025

The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 30 April 2025 .

Reference and administrative details

Registered charity name	Chaim Sheyeshbo

Charity registration number	1163108

Company registration number	9567367

Principal office and registered	30 George Street
office	Prestwich
	Manchester
	England
	M25 9WS

The trustees

	M A Bamberger	(Resigned 24 December 2024)
	Y Greenhouse
	S Pines

Independent examiner	Mr Howard Schwalbe ACA
	2nd Floor - Parkgates
	Bury New Road
	Prestwich
	Manchester
	M25 0TL

Structure, governance and management

Chaim Sheyeshbo is constituted by Memorandum and Articles of Association and is a company limited by guarantee. It was incorporated on 29 April 2015 as a company and the company number is 9567367 . It was registered as a charity on 12 August 2015 with a charity number being 1163108 .

Recruitment and appointment of new trustees would be 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 Leitner 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.

There are no policies for the induction or training of new trustees.

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 an inability to service the long term loans. These risks are managed by the trustees ensuring cash flow is smooth to ensure the loan repayments are not missed.

Report back and review procedures strengthen these safeguards to ensure public benefit is achieved from all activities of the charity.

Objectives and activities

Objects

The objects of the charity are:

(i) For the public benefit to promote the education (including social and leisure aspects of education) of people under the age of 25 years in the North of England in such ways as the charity trustees think fit, including awarding to such persons scholarships, maintenance allowances or grants; or by grants to charities or other organisations that provide education, or by the provision of education.

(ii) The prevention or relief of poverty or financial hardship in the North of England by providing grants or loans to individuals in need and / or charities or other organisations working to prevent or relieve poverty or financial hardship.

Public benefit

The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit 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 is funded by donations and rental income. The charity would only give out grants in line with the above objects.

There were no grants paid out during the year.

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 £11,802 (2024: £318,886) in donations and grants. These grants include a £5,000 grant from Access Sport

The charity also received £21,500 (2024: £5,374) in rental income.

The charity owns a property that is used as an educational establishment by a local school. Expenditure on maintaining and running the building totalled £50,988 (2024: £161,407).

The charity had governance and support costs that mainly comprise professional fees amounting to £1,054 (2024: £14,665).

There were no charitable grants paid out during the year.

There were no fundraising costs incurred during the year (2024: £25,137).

Related party transactions are described in the notes to the accounts.

There was an overall net expenditure and movement in funds for the year amounting to £18,740 (2024: income of £123,051), relating to 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 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 trustees wish to keep reserves as low as possible.

Total funds of the charity stand at £493,858 (2024: £512,598).

The free reserves, being the net current liabilities, stand at £887 (2024: assets of £7,330) all of which relates to the unrestricted fund.

The trustees are satisfied that the balance of the fund is an acceptable level of reserves notwithstanding that there are current liabilities of £887.

In considering the limited financial obligations of the charity, the trustees have resolved to maintain a minimum reserve practical for donations which are seasonal and for maintenance of the building.

The trustees' annual report was approved on 17 November 2025 and signed on behalf of the board of trustees by:

Y Greenhouse

Trustee

Chaim Sheyeshbo

Company Limited by Guarantee

Independent Examiner's Report to the Trustees of Chaim Sheyeshbo

Year ended 30 April 2025

I report to the trustees on my examination of the financial statements of Chaim Sheyeshbo ('the charity') for the year ended 30 April 2025.

Responsibilities and basis of report

As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements 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 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 charity as required by section 386 of the 2006 Act; or

2. the financial statements do not accord with those records; or

3. the financial statements 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 financial statements 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.

Mr Howard Schwalbe ACA Independent Examiner

2nd Floor - Parkgates Bury New Road Prestwich Manchester M25 0TL

17 November 2025

Chaim Sheyeshbo

Company Limited by Guarantee

Statement of Financial Activities

(including income and expenditure account)

Year ended 30 April 2025

	2025			2024
	Unrestricted funds	Restricted funds	Total funds	Total funds
Note	£	£	£	£

Income and endowments

Donations and legacies	5	6,802	5,000	11,802	318,886
Other income	6	21,500	–	21,500	5,374
		--------	-------	--------	---------
Total income		28,302	5,000	33,302	324,260
		--------	-------	--------	---------

Expenditure

Expenditure on raising funds:

	Costs of raising donations and legacies	7	–	–	–	25,137
Expenditure on charitable activities		8,9	52,042	–	52,042	176,072
			--------	-------	--------	---------
Total expenditure			52,042	–	52,042	201,209
			--------	-------	--------	---------

	--------	-------	--------	---------
Net (expenditure)/income	( 23,740)	5,000	( 18,740)	123,051
	--------	-------	--------	---------

Transfers between funds	5,000	(5,000)	–	–

	--------	-------	--------	---------
Net movement in funds	( 18,740)	–	( 18,740)	123,051

Reconciliation of funds

Total funds brought forward	512,598	–	512,598	389,547
	---------	-------	---------	---------
Total funds carried forward	493,858	–	493,858	512,598
	---------	-------	---------	---------

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

All income and expenditure derive from continuing activities.

Chaim Sheyeshbo

Company Limited by Guarantee

Statement of Financial Position

30 April 2025

	2025	2024
Note	£	£

Fixed assets

Tangible fixed assets	15	745,210	755,733

Current assets

Cash at bank and in hand	13	8,410

Creditors: amounts falling due within one year	16	900	1,080
		----	-------
Net current liabilities		( 887)	7,330
		---------	---------
Total assets less current liabilities		744,323	763,063

Creditors: amounts falling due after more than one year	17	250,465	250,465
		---------	---------
Net assets		493,858	512,598
		---------	---------

Funds of the charity

Unrestricted funds		493,858	512,598
		---------	---------
Total charity funds	18	493,858	512,598
		---------	---------

For the year ending 30 April 2025 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

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

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 17 November 2025 , and are signed on behalf of the board by:

Y Greenhouse

Trustee

Chaim Sheyeshbo

Company Limited by Guarantee

Notes to the Financial Statements

Year ended 30 April 2025

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 30 George Street, Prestwich, Manchester, England, M25 9WS.

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

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.

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 notwithstanding that the charity has net current liabilities of £887. In considering the limited financial obligations of the charity, the trustees have resolved to maintain a minimum reserve practical for donations which are seasonal and for maintenance of the building.

Fair value

Debtors and creditors are stated at fair value.

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

Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. 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.

Incoming resources

All incoming resources are 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 donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. - 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. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.

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

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. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.

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.

4. Limited by guarantee

Chaim Sheyeshbo is a company limited by guarantee and does not have a share capital. In the event of the company being wound up, members are required to contribute an amount not exceeding £10.

5. Donations and legacies

Unrestricted Funds	Restricted Funds	Total Funds 2025
£	£	£

Donations

	Donations	6,802	–	6,802

Grants

Delapage	–	–	–
Access Sport	–	5,000	5,000
	-------	-------	--------
	6,802	5,000	11,802
	-------	-------	--------

Unrestricted Funds	Restricted Funds	Total Funds 2024
£	£	£

Donations

	Donations	243,886	–	243,886

Grants

Delapage	–	75,000	75,000
Access Sport	–	–	–
	---------	--------	---------
	243,886	75,000	318,886
	---------	--------	---------

6. Other income

	Unrestricted Funds	Total Funds 2025	Unrestricted Funds	Total Funds 2024
	£	£	£	£
Rent received	21,500	21,500	5,374	5,374
	--------	--------	-------	-------

7. Costs of raising donations and legacies

	Unrestricted Funds	Total Funds 2025	Unrestricted Funds	Total Funds 2024
	£	£	£	£
Fundraising expenses	–	–	25,137	25,137
	----	----	--------	--------

8. Expenditure on charitable activities by fund type

	Unrestricted Funds	Restricted Funds	Total Funds 2025
	£	£	£
Property related expenses	50,988	–	50,988
Support costs	1,054	–	1,054
	--------	----	--------
	52,042	–	52,042
	--------	----	--------

	Unrestricted Funds	Restricted Funds	Total Funds 2024
	£	£	£
Property related expenses	86,407	75,000	161,407
Support costs	14,665	–	14,665
	---------	--------	---------
	101,072	75,000	176,072
	---------	--------	---------

9. Expenditure on charitable activities by activity type

	Activities undertaken directly	Support costs	Total funds 2025	Total fund 2024
	£	£	£	£
Property related expenses	50,988	153	51,141	174,992
Governance costs	–	901	901	1,080
	--------	-------	--------	---------
	50,988	1,054	52,042	176,072
	--------	-------	--------	---------

10. Analysis of support costs

	Analysis of support costs	Total 2025	Total 2024
	£	£	£
Premises	–	–	12,953
General office	154	154	632
Governance costs	900	900	1,080
	-------	-------	--------
	1,054	1,054	14,665
	-------	-------	--------

11. Net (expenditure)/income

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

	2025	2024
	£	£
Depreciation of tangible fixed assets	15,523	15,423
	--------	--------

12. Independent examination fees

	2025	2024
	£	£

Fees payable to the independent examiner for:

Independent examination of the financial statements	900	1,080
	----	-------

13. Staff costs

The average head count of employees during the year was Nil (2024: Nil).

No employee received employee benefits of more than £60,000 during the year (2024: Nil).

14. Trustee remuneration and expenses

No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.

15. Tangible fixed assets

	Freehold property
	£
Cost
At 1 May 2024	771,156
Additions	5,000
	---------
At 30 April 2025	776,156
	---------
Depreciation
At 1 May 2024	15,423
Charge for the year	15,523
	---------
At 30 April 2025	30,946
	---------
Carrying amount
At 30 April 2025	745,210
	---------
At 30 April 2024	755,733
	---------

Freehold property represents a wholly owned UK property that is used for educational purposes.

16. Creditors: amounts falling due within one year

	2025	2024
	£	£
Accruals and deferred income	900	1,080
	----	-------

Bank loans and overdrafts are secured on the property of the charity.

17. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	250,465	250,465
	---------	---------

Bank loans and overdrafts are secured on the investment property of the charity.

18. Analysis of charitable funds

Unrestricted funds

	At 1 May 2024	Income	Expenditure	Transfers	At 30 April 2025
	£	£	£	£	£
General funds	512,598	28,302	(52,042)	5,000	493,858
	---------	--------	--------	-------	---------

	At 1 May 2023	Income	Expenditure	Transfers	At 30 April 2024
	£	£	£	£	£
General funds	389,547	249,260	(126,209)	–	512,598
	---------	---------	---------	----	---------

Restricted funds

	At 1 May 2024	Income	Expenditure	Transfers	At 30 April 2025
	£	£	£	£	£
Grants receivable fund	–	5,000	–	(5,000)	–
	----	-------	----	-------	----

	At 1 May 2023	Income	Expenditure	Transfers	At 30 April 2024
	£	£	£	£	£
Grants receivable fund	–	75,000	(75,000)	–	–
	----	--------	--------	----	----

19. Analysis of net assets between funds

	Unrestricted Funds	Total Funds 2025
	£	£
Tangible fixed assets	745,210	745,210
Current assets	13	13
Creditors less than 1 year	(900)	(900)
Creditors greater than 1 year	(250,465)	(250,465)
	---------	---------
Net assets	493,858	493,858
	---------	---------

	Unrestricted Funds	Total Funds 2024
	£	£
Tangible fixed assets	755,733	755,733
Current assets	8,410	8,410
Creditors less than 1 year	(1,080)	(1,080)
Creditors greater than 1 year	(250,465)	(250,465)
	---------	---------
Net assets	512,598	512,598
	---------	---------

20. Related parties

Donations totalling £50 were received from related parties.

21. Taxation

Chaim Sheyeshbo is a registered charity and therefore is not liable to income tax or corporation tax on income derived from its charitable activities, as it falls within the various exemptions available to registered charities.