CSBS Trust Charity Accounts

COMPANY REGISTRATION NUMBER: 9524209

CHARITY REGISTRATION NUMBER: 1162417

CSBS Trust

Company Limited by Guarantee

Unaudited Financial Statements

30 April 2025

CSBS Trust

Company Limited by Guarantee

Financial Statements

Year ended 30 April 2025

	Page

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

Statement of financial activities (including income and expenditure account)	6

Statement of financial position	7

Notes to the financial statements	8

CSBS Trust

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	CSBS Trust

Charity registration number	1162417

Company registration number	9524209

Principal office and registered	2nd Floor Parkgates
office	Bury New Road
	Prestwich
	Manchester
	M25 0TL

The trustees

	C S Lebrecht
	Mrs R Lebrecht
	Y S Lunczer	(Appointed 27 January 2026)

Accountants	Haffner Hoff Ltd
	Accountants
	2nd Floor - Parkgates
	Bury New Road
	Prestwich
	Manchester
	M25 0TL

Structure, governance and management

CSBS Trust is constituted by Memorandum and Articles of Association and is a company limited by guarantee. It was incorporated on 02 April 2015 as a company and the company number is 9524209 . It was registered as a charity on 26 June 2015 with a charity number being 1162417 .

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 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 ineffective grant making. These risks are managed by the trustees researching potential beneficiaries before granting donations.

Report back and review procedures strengthen these safeguards to ensure public benefit is achieved from all grants.

Objectives and activities

The objects of the charity are: (i) For the public benefit promote the education of people of all ages around the world 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 worldwide that provide education. (ii) The prevention or relief of poverty or financial hardship anywhere in the world by providing: grants or loans to individuals in need and /or charities, or other organisations working to prevent or relieve poverty of 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 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 is funded by donations and investments. The charity gives out grants in line with the above objects.

There were no grants made to individuals during the year.

Grants made during the year to institutions are as detailed in the accounts.

The application of the funds by way of grants to either institutions or individuals and is almost always to institutions.

The trustees consider they have met the public benefit test and outline these achievements below.

The trustees measure the success of achieving the stated aims by the number and value of grants paid out for each object. The grants paid out in the year are detailed in the notes to the accounts and the trustees consider they have met their aims successfully this year.

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.

Strategic report

The following sections for achievements and performance and financial review form the strategic report of the charity.

Achievements and performance

The charity received £13,000 (2024: £6,113) in donations during the year of which £10,500 (2024: £8,596) was paid out by way of grants and £708 (2024: £768) by way of support costs. These grants were made in line with the stated objects of the charity and were for educational or relief of poverty purposes.

The charity also had investment income receivable during the year amounting to (£3,001)(2024: (£1,716)).

The charity has low governance costs comprising professional fees.

All other office costs are borne by a local benefactor and the trustees wish to record their appreciation to the benefactor for the free use of their offices.

Grants £1,000 and above made during the year to institutions are as detailed in the accounts.

There were no material fundraising costs during the year.

Related party transactions in the reporting period are as disclosed in the notes to the accounts.

There was a net expenditure and net movement in funds for the year amounting to £1,209 (2024: £4,967).

Financial review

The trustees have reduced expenditure to reflect a smaller income than in previous years. The trustees look forward to the coming year with optimism that income will improve.

Investment performance

The investments of the charity have provided a return of 3% in the year on all but one of the syndicates. The trustees consider this acceptable when compared with returns available on deposits in any of the banking institutions. One of the syndicates provided a negative return that the trustees consider was a one off.

Reserves policy

The unrestricted fund represents the unrestricted funds arising from past operating results.

The trustees are satisfied that the balance of the fund is an acceptable level of reserves given the nature of revenue receipts against grants payable.

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

The trustees have considered the market value of the investment property taking into account the loan to value of the properties as well as the nature and exposure of the syndicate properties. The trustees consider the holding value to be the fair value.

The trustees are delighted to have made valuable contributions to the community as a result of this income and hope to be able to do so for many years to come.

The free reserves being the net current liabilities stand at (£38,235)(2024: (£41,962)), all of which are unrestricted. The trustees consider this acceptable as it is financed by two interest free loans from the trustees, who have confirmed they will not call in this loan to the detriment of the cash flow of the charity.

Total funds held by the charity at the year end were £134,004 (2024: £135,213), all of these are unrestricted.

The trustees' annual report and the strategic report were approved on 27 January 2026 and signed on behalf of the board of trustees by:

C S Lebrecht

Trustee

CSBS Trust

Company Limited by Guarantee

Statement of Financial Activities

(including income and expenditure account)

Year ended 30 April 2025

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

Income and endowments

Donations and legacies	5	13,000	13,000	6,113
Investment income	6	( 3,001)	( 3,001)	( 1,716)
		--------	--------	-------
Total income		9,999	9,999	4,397
		--------	--------	-------

Expenditure

Expenditure on charitable activities	7,8	11,208	11,208	9,364
		--------	--------	-------
Total expenditure		11,208	11,208	9,364
		--------	--------	-------

	--------	--------	-------
Net expenditure and net movement in funds	( 1,209)	( 1,209)	( 4,967)
	--------	--------	-------

Reconciliation of funds

Total funds brought forward	135,213	135,213	140,180
	---------	---------	---------
Total funds carried forward	134,004	134,004	135,213
	---------	---------	---------

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

All income and expenditure derive from continuing activities.

CSBS Trust

Company Limited by Guarantee

Statement of Financial Position

30 April 2025

	2025		2024
Note	£	£	£

Fixed assets

Investments	13		172,239	177,175

Current assets

Debtors	14	10,008	10,008
Cash at bank and in hand		37	220
		--------	--------
		10,045	10,228

Creditors: amounts falling due within one year	15	48,280		52,190
		--------		--------
Net current liabilities			38,235	41,962
			---------	---------
Total assets less current liabilities			134,004	135,213
			---------	---------
Net assets			134,004	135,213
			---------	---------

Funds of the charity

Unrestricted funds		134,004	135,213
		---------	---------
Total charity funds	16	134,004	135,213
		---------	---------

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 27 January 2026 , and are signed on behalf of the board by:

C S Lebrecht

Trustee

CSBS Trust

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

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 net current liabilities at the year end. The trustees consider this acceptable as it is financed by two interest free loans from the trustees, who have confirmed they will not call in this loan to the detriment of the cash flow of the charity. It is appropriate therefore to prepare these accounts on a going concern basis.

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 held by the charity are funds that can be used in accordance with the charitable objects at the discretion of the trustees.

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.

Investments

Unlisted equity investments are initially recorded at cost, and subsequently measured at fair value. If fair value cannot be reliably measured, assets are measured at cost less impairment.

Listed investments are measured at fair value with changes in fair value being recognised in income or expenditure.

Investment property

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in income or expenditure. If a reliable measure of fair value is no longer available for an item of investment property, it shall be transferred to tangible assets and treated as such until it is expected that fair value will be reliably measurable on an on-going basis.

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

CSBS Trust 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	Total Funds 2025	Unrestricted Funds	Total Funds 2024
£	£	£	£

Donations

Donations	13,000	13,000	6,113	6,113
	--------	--------	-------	-------

6. Investment income

	Unrestricted Funds	Total Funds 2025	Unrestricted Funds	Total Funds 2024
	£	£	£	£
Income from investment properties	( 3,001)	( 3,001)	( 1,716)	( 1,716)
	-------	-------	-------	-------

7. Expenditure on charitable activities by fund type

	Unrestricted Funds	Total Funds 2025	Unrestricted Funds	Total Funds 2024
	£	£	£	£
Charitable grants	10,500	10,500	8,596	8,596
Support costs	708	708	768	768
	--------	--------	-------	-------
	11,208	11,208	9,364	9,364
	--------	--------	-------	-------

8. Expenditure on charitable activities by activity type

	Grant funding of activities	Support costs	Total funds 2025	Total fund 2024
	£	£	£	£
Charitable grants	10,500	167	10,667	8,825
Governance costs	–	541	541	539
	--------	----	--------	-------
	10,500	708	11,208	9,364
	--------	----	--------	-------

9. Analysis of support costs

	Analysis of support costs activity 1	Total 2025	Total 2024
	£	£	£
General office	167	167	229
Governance costs	541	541	539
	----	----	----
	708	708	768
	----	----	----

10. Analysis of grants

	2025	2024
	£	£

Grants to institutions

Bait Limud Vchessed	2,500	3,000
Friends of Toldos Avrohom Yitzchok	–	1,000
Grants under £1,000	1,100	3,296
KCY Manchester	1,000	1,300
Kesser Charities	1,400	–
Tov Vochesed	4,500	–
	--------	-------
	10,500	8,596
	--------	-------
Total grants	10,500	8,596
	--------	-------

11. 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).

12. Trustee remuneration and expenses

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

13. Investments

	Investment properties
	£
Cost or valuation
At 1 May 2024	177,175
Additions	(3,001)
Disposals	(1,935)
	---------
At 30 April 2025	172,239
	---------
Impairment
At 1 May 2024 and 30 April 2025
Carrying amount
At 30 April 2025	172,239
	---------
At 30 April 2024	177,175
	---------

All investments shown above are held at valuation.

Investment properties

Investments comprise four property investment syndicates in the UK property with four with a holding of 0.5% and 2%. The trustees confirm that they do not exert any significant influence over the operating or financial policy of the undertaking.

Valuation of UK investment property is at fair value in the opinion of the trustees.

14. Debtors

	2025	2024
	£	£
Other debtors	10,008	10,008
	--------	--------

15. Creditors: amounts falling due within one year

	2025	2024
	£	£
Accruals and deferred income	1,080	2,190
Other creditors	47,200	50,000
	--------	--------
	48,280	52,190
	--------	--------

16. Analysis of charitable funds

Unrestricted funds

	At 1 May 2024	Income	Expenditure	At 30 April 2025
	£	£	£	£
General funds	135,213	9,999	(11,208)	134,004
	---------	-------	--------	---------

	At 1 May 2023	Income	Expenditure	At 30 April 2024
	£	£	£	£
General funds	140,180	4,397	(9,364)	135,213
	---------	-------	-------	---------

17. Analysis of net assets between funds

	Unrestricted Funds	Total Funds 2025
	£	£
Investments	172,239	172,239
Current assets	10,045	10,045
Creditors less than 1 year	(48,280)	(48,280)
	---------	---------
Net assets	134,004	134,004
	---------	---------

	Unrestricted Funds	Total Funds 2024
	£	£
Investments	177,175	177,175
Current assets	10,228	10,228
Creditors less than 1 year	(52,190)	(52,190)
	---------	---------
Net assets	135,213	135,213
	---------	---------

18. Related parties

Mr C S Lebrecht and Mrs R Lebrecht , trustees of CSBS Trust , are also shareholders and directors of Longbank Ltd a UK company. During a previous year Longbank Ltd lent £20,000 to CSBS Trust on an interest free basis. During the year, there were repayments of £500, leaving a balance at the year end of £19,500. Mr C S Lebrecht, trustee of CSBS Trust , also owns a sole trader called Avenue Property Consultants. During a previous year Avenue Property Consultants lent £30,000 to CSBS Trust on an interest free basis. During the year, there were net repayments of £2,300, leaving a balance at the year end of £27,700. Mr C S Lebrecht, trustee of CSBS Trust , is also a trustee of KCY Manchester a UK registered charity. During the year CSBS Trust sent charitable grants to the value of £1,000 to KCY Manchester.

19. Taxation

CSBS Trust 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.