Company registration number 10198149 (England and Wales)
Charity registration number 1172206 (England and Wales)
BERKTHORNE LTD
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
BERKTHORNE LTD
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Mr J Rothbart
Mr M Rothbart
Mr M Breuer
Country of incorporation
United Kingdom
10198149
(England and Wales)
Charity registration
England and Wales
1172206
Registered office
32 Castlewood Road
London
N16 6DW
BERKTHORNE LTD
CONTENTS
Page
Trustees' report
1 - 2
Independent examiner's report
3
Statement of financial activities
4
Balance sheet
5
Notes to the financial statements
6 - 13
BERKTHORNE LTD
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 31 MAY 2025
- 1 -

The trustees present their annual report and financial statements for the year ended 31 May 2025.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006 and "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).

Objectives and activities

The charity's objects are that of the advancement of education and religious practice in accordance with the teachings of the Orthodox Jewish faith,and the relief of poverty, and there has been no change in these during the year.

In order to achieve these objectives the charity provides grants to educational institutions, charities, individuals in need and other organisations working to prevent or relieve poverty.

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.

Activities

The charity is funded by donations. Grants are made to charitable institutions and organisations which accords with the objects of the charity. The trustees consider all requests which they receive and make donations based on the level of funds available.

Achievements and performance
Significant activities and achievements against objectives

The charity received income of £94,722 during the year and £40,981 was paid out by way of grants and support costs. G rants were made in line with the stated objects of the charity and were for educational and relief of poverty purposes.

Financial review
Reserves policy

The trustees were satisfied with the results for the year.

The charity's statement of financial activities shows total reserves of £394,286.

It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level which will not impinge on its ability to support Charitable institutions.

Structure, governance and management

The charity is controlled by its governing document, its memorandum and articles of association, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

It was registered as a charity on 2 5 May 2016.

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Mr J Rothbart
Mr M Rothbart
Mr M Breuer
BERKTHORNE LTD
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
- 2 -
Recruitment and appointment of trustees

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 trustees. Should the situation change in the future, the trustees will apply suitable induction and training procedures. The trustees administer the day to day running of the charity

None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.

The trustees' r eport was approved by the Board of Trustees.

..............................
Mr J Rothbart
Trustee
Date: .............................................
2026-02-24
BERKTHORNE LTD
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF BERKTHORNE LTD
- 3 -

I report to the trustees on my examination of the financial statements of Berkthorne Ltd (the charity) for the year ended 31 May 2025.

Responsibilities and basis of report

As the trustees of the charity (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.

Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the Companies Act 2006 and are eligible for independent examination, I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.

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 that in any material respect:

1

accounting records were not kept in respect of the charity as required by section 386 of the Companies Act 2006.

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 Companies Act 2006 other than any requirement that the financial statements 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 financial statements 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 financial statements to be reached.

Mr J Silver FCCA

Precision Ltd

32 Castlewood Road

London

N16 6DW

Date: ............................
2026-02-24
BERKTHORNE LTD
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MAY 2025
- 4 -
Unrestricted
Unrestricted
funds
funds
2025
2024
Notes
£
£
Income from:
Donations and legacies
3
75,000
-
Investments
4
19,722
18,385
Total income
94,722
18,385
Expenditure on:
Raising funds
5
27,387
1,140
Charitable activities
6
13,594
15,674
Total expenditure
40,981
16,814
Net income and movement in funds
53,741
1,571
Reconciliation of funds:
Fund balances at 1 June 2024
340,545
338,974
Fund balances at 31 May 2025
394,286
340,545

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

BERKTHORNE LTD
BALANCE SHEET
AS AT
31 MAY 2025
31 May 2025
- 5 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investment property
13
421,194
351,000
Current assets
Debtors
14
866
866
Cash at bank and in hand
1,347
910
2,213
1,776
Creditors: amounts falling due within one year
16
(28,980)
(11,485)
Net current liabilities
(26,767)
(9,709)
Total assets less current liabilities
394,427
341,291
Creditors: amounts falling due after more than one year
17
(141)
(746)
Net assets
394,286
340,545
The funds of the charity
Unrestricted funds
18
394,286
340,545
394,286
340,545

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 May 2025.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

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

The financial statements were approved by the trustees on .........................
2026-02-24
..............................
Mr J Rothbart
Trustee
BERKTHORNE LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
- 6 -
1
Accounting policies
Charity information

Berkthorne Ltd is a private company limited by guarantee incorporated in England and Wales. The registered office is 32 Castlewood Road, London, N16 6DW.

1.1
Basis of preparation

The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future, notwithstanding the deficiency in net current assets due to the ongoing support from the community. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.
1.4
Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
BERKTHORNE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
1
Accounting policies
(Continued)
- 7 -
1.5
Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

1.6
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in profit or loss.

Investment property fair value is determined by the trustees based on their understanding of the property market and the specific property concerned, derived from recent comparable transactions on the market .

1.7
Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

BERKTHORNE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
1
Accounting policies
(Continued)
- 8 -
Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future p aymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

2
Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Judgements made by the directors in the application of these accounting policies that have significant effect on the financial statements and estimates with a significant risk of material adjustment in the next year are as follows.

Property valuation

The valuation of the charity's investment property is subject to a degree of uncertainty, as the value depends on various factors including the nature of the property, its location and expected future net rental values, market yields and comparable market transactions, and is made on the basis of assumptions which may not prove to be accurate.

3
Income from donations and legacies
Unrestricted
Unrestricted
funds
funds
2025
2024
£
£
Donations and gifts
75,000
-

BERKTHORNE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
- 9 -
4
Income from investments
Unrestricted
Unrestricted
funds
funds
2025
2024
£
£
Rental income
19,722
18,385
5
Expenditure on raising funds
Unrestricted
Unrestricted
funds
funds
2025
2024
£
£
Investment management
27,387
1,140
6
Expenditure on charitable activities
Charitable Activities
Charitable Activities
2025
2024
£
£
Direct costs
Grant funding of activities (see note 7)
12,890
14,621
Share of support and governance costs (see note 8)
Governance
704
1,053
13,594
15,674
Analysis by fund
Unrestricted funds
13,594
15,674
BERKTHORNE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
- 10 -
7
Grants payable
Charitable Activities
Charitable Activities
2025
2024
£
£
Grants to institutions (46 grants):
Kehal Chareidim Trust
600
-
Congregation Vyoel Moshe Dsatmar Charitable Trust
1,250
-
Quality Studies
750
-
Alte Feiga Trust
500
1,250
Tov Vchesed
1,000
-
Vyoel Moshe Charitable Trust
1,000
-
Yad Shlomo Trust
320
990
Amud Hatzdokoh Trust
2,400
5,661
Castle Education Trust Limited
1,000
1,250
Educational Academies Support
1,000
1,000
UTRY
-
2,000
Yeshiva Gedoilah Torah Veyirah Limited
1,850
-
Fundd
750
-
Other
470
2,470
12,890
14,621
-
8
Support costs allocated to activities
2025
2024
£
£
Governance costs
704
1,053
Analysed between:
Charitable Activities
704
1,053
9
Net movement in funds
2025
2024
£
£
The net movement in funds is stated after charging/(crediting):
Fees payable for the independent examination of the charity's financial statements
-
-
10
Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
BERKTHORNE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
- 11 -
11
Employees

The average monthly number of employees during the year was:

2025
2024
Number
Number
Total
0
0
There were no employees whose annual remuneration was more than £60,000.
12
Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

13
Investment property
2025
£
Fair value
At 1 June 2024
351,000
Additions through external acquisition
70,194
At 31 May 2025
421,194

The investment properties are included in the financial statements at trustees' valuation.

The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

14
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
632
632
Prepayments and accrued income
234
234
866
866
BERKTHORNE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
- 12 -
15
Loans and overdrafts
2025
2024
£
£
Bank loans
741
1,346
Payable within one year
600
600
Payable after one year
141
746

The above long-term loan is guaranteed by the government under the Bounce back loan scheme.

The loan accrues interest at 2.5% p.a.

16
Creditors: amounts falling due within one year
2025
2024
Notes
£
£
Bank loans
15
600
600
Other creditors
27,660
9,985
Accruals and deferred income
720
900
28,980
11,485

Included in other creditors is £21,240 (2024: £9,870) due to companies in which some of the trustees of the charity are also directors.

17
Creditors: amounts falling due after more than one year
2025
2024
Notes
£
£
Bank loans
15
141
746
18
Unrestricted funds

The unrestricted funds of the charity compri se the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be use d. The se include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 June 2024
Incoming resources
Resources expended
At 31 May 2025
£
£
£
£
General funds
340,545
94,722
(40,981)
394,286
BERKTHORNE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
18
Unrestricted funds
(Continued)
- 13 -
Previous year:
At 1 June 2023
Incoming resources
Resources expended
At 31 May 2024
£
£
£
£
General funds
338,974
18,385
(16,814)
340,545
19
Related party transactions

During the year the charity received donations of £5,000 from a company that one of the directors is a close family member of some of the trustees, t here were no disclosable related party transactions during the year (2024 - none), other than those disclosed in the notes above.

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