BCH Trust Charity Accounts

COMPANY REGISTRATION NUMBER: 7374174

CHARITY REGISTRATION NUMBER: 1138652

BCH Trust

Company Limited by Guarantee

Unaudited Financial Statements

31 August 2025

BCH Trust

Company Limited by Guarantee

Financial Statements

Year ended 31 August 2025

	Page

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

Independent examiner's report to the trustees	5

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

Statement of financial position	7

Notes to the financial statements	9

BCH Trust

Company Limited by Guarantee

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

Year ended 31 August 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 31 August 2025 .

Reference and administrative details

Registered charity name	BCH Trust

Charity registration number	1138652

Company registration number	7374174

Principal office and registered	59 Kings Road
office	Prestwich
	Manchester
	M25 0LQ

The trustees

	C Bernstein
	Y Bowden
	B Stone	(Appointed 1 September 2025)

Company secretary	B Stone

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

Structure, governance and management

BCH Trust is constituted by Memorandum and Articles of Association and is a company limited by guarantee. It was incorporated on 13 September 2010 as a company and the company number is 7374174 . It was registered as a charity on 28 October 2010 with a charity number 1138652 .

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 Y Lobenstein 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 grant making and ineffective management of the building.

These risks are managed by the trustees researching potential beneficiaries before granting donations and ensuring appropriate personnel are managing the building.

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) The relief of financial hardship, either generally or individually, amongst the elderly or in conditions of need, hardship or distress within the Jewish community by making grants of money for providing or paying for items, services or facilities or providing such persons with goods or services which they could otherwise not afford through lack of means; (ii) to advance the Jewish religion for the benefit of the public through the holding of prayer meetings, study sessions, lectures, public celebration of religious festivals in accordance with the tenets of the Jewish religion; (iii) to advance the education of Jewish pupils according to the tenets of the Jewish religion by providing and assisting in the provision of appropriate facilities needed for such purposes; (iv) to promote any purpose that the trustees may decide and that is legally considered charitable.

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. The charity primarily provides grants towards education and education based projects.

There were no grants paid 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 £233,984 (2024: £405,892) in donations and grants during the year, and £3,118 (2024: £232) in investment income. £302,241 (2024: £211,076) was paid out by way of grants, direct expenditure and support costs. These grants were made in line with the stated objects of the charity and were for educational purposes.

The charity has low governance costs comprising professional fees.

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

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

There was an overall net expenditure and net movement in funds for the year amounting to £65,139 ,(2024: £195,048) all attributable to the unrestricted fund.

Financial review

The trustees feel that the activity and surplus 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 in order to maximise paying out of grants.

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 free reserves of the charity, being the net current assets, stand at £137,255 (2024: £202,083), all of which are unrestricted.

Total funds held by the charity at the year end were £665,385 (2024: £730,524), all of which are unrestricted.

The trustees' annual report and the strategic report were approved on 20 May 2026 and signed on behalf of the board of trustees by:

B Stone

Trustee

BCH Trust

Company Limited by Guarantee

Independent Examiner's Report to the Trustees of BCH Trust

Year ended 31 August 2025

I report to the trustees on my examination of the financial statements of BCH Trust ('the charity') for the year ended 31 August 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

20 May 2026

BCH Trust

Company Limited by Guarantee

Statement of Financial Activities

(including income and expenditure account)

Year ended 31 August 2025

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

Income and endowments

Donations and legacies	5	233,984	233,984	405,892
Investment income	6	3,118	3,118	232
		---------	---------	---------
Total income		237,102	237,102	406,124
		---------	---------	---------

Expenditure

Expenditure on raising funds:

	Costs of other trading activities	7	–	–	14,228
Expenditure on charitable activities		8,9	302,241	302,241	196,848
			---------	---------	---------
Total expenditure			302,241	302,241	211,076
			---------	---------	---------

	---------	---------	---------
Net (expenditure)/income and net movement in funds	( 65,139)	( 65,139)	195,048
	---------	---------	---------

Reconciliation of funds

Total funds brought forward	730,524	730,524	535,476
	---------	---------	---------
Total funds carried forward	665,385	665,385	730,524
	---------	---------	---------

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

All income and expenditure derive from continuing activities.

BCH Trust

Company Limited by Guarantee

Statement of Financial Position

31 August 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible fixed assets	16		698,453	707,566

Current assets

Debtors	17	90,000	91,250
Cash at bank and in hand		62,214	124,964
		---------	---------
		152,214	216,214

Creditors: amounts falling due within one year	18	14,959		14,131
		---------		---------
Net current assets			137,255	202,083
			---------	---------
Total assets less current liabilities			835,708	909,649

Creditors: amounts falling due after more than one year	19	170,323	179,125
		---------	---------
Net assets		665,385	730,524
		---------	---------

Funds of the charity

Unrestricted funds:

	Revaluation reserve		103,265		103,265
	Other unrestricted income funds		562,120		627,259
			---------		---------
Total unrestricted funds			665,385		730,524
				---------	---------
Total charity funds		21		665,385	730,524
				---------	---------

For the year ending 31 August 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.

BCH Trust

Company Limited by Guarantee

Statement of Financial Position (continued)

31 August 2025

These financial statements were approved by the board of trustees and authorised for issue on 20 May 2026 , and are signed on behalf of the board by:

B Stone

Trustee

BCH Trust

Company Limited by Guarantee

Notes to the Financial Statements

Year ended 31 August 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 59 Kings Road, Prestwich, Manchester, M25 0LQ.

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.

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. Restricted funds held by the charity are funds that can only be used in accordance with restrictions placed on the charity by the grant funders.

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
Fixtures & fittings	-	15% straight line
Equipment	-	15% straight line
Portacabins	-	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.

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

BCH 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	233,984	233,984	405,892	405,892
	---------	---------	---------	---------

6. Investment income

	Unrestricted Funds	Total Funds 2025	Unrestricted Funds	Total Funds 2024
	£	£	£	£
Bank interest receivable	3,118	3,118	232	232
	-------	-------	----	----

7. Costs of other trading activities

	Unrestricted Funds	Total Funds 2025	Unrestricted Funds	Total Funds 2024
	£	£	£	£
Fundraising costs	–	–	14,228	14,228
	----	----	--------	--------

8. Expenditure on charitable activities by fund type

	Unrestricted Funds	Total Funds 2025	Unrestricted Funds	Total Funds 2024
	£	£	£	£
Grants and direct expenditure for the benefit of MSGS	290,780	290,780	185,082	185,082
Support costs	11,461	11,461	11,766	11,766
	---------	---------	---------	---------
	302,241	302,241	196,848	196,848
	---------	---------	---------	---------

9. Expenditure on charitable activities by activity type

	Activities undertaken directly	Grant funding of activities	Support costs	Total funds 2025	Total fund 2024
	£	£	£	£	£
Grants and direct expenditure for the benefit of MSGS	57,806	232,974	10,021	300,801	195,411
Governance costs	–	–	1,440	1,440	1,437
	--------	---------	--------	---------	---------
	57,806	232,974	11,461	302,241	196,848
	--------	---------	--------	---------	---------

10. Analysis of support costs

	Analysis of support costs activity 1	Total 2025	Total 2024
	£	£	£
General office	210	210	58
Finance costs	9,811	9,811	10,271
Governance costs	1,441	1,441	1,437
	--------	--------	--------
	11,462	11,462	11,766
	--------	--------	--------

11. Analysis of grants

	2025	2024
	£	£

Grants to institutions

Adass Yeshurun	1,000	15,763
Beth Midrash Lemoros	–	2,500
Grants less than £1,000	1,274	1,170
Kollel Binyan Simcha	–	5,000
M H	2,500	–
Manchester Mesivta	1,200	–
Manchester Senior Girls School	222,800	103,500
RNH Synagogue	4,200	–
	---------	---------
	232,974	127,933
	---------	---------
Total grants	232,974	127,933
	---------	---------

12. Net (expenditure)/income

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

	2025	2024
	£	£
Depreciation of tangible fixed assets	15,237	15,115
	--------	--------

13. Independent examination fees

	2025	2024
	£	£

Fees payable to the independent examiner for:

Independent examination of the financial statements	1,440	1,440
	-------	-------

14. Staff costs

The total staff costs and employee benefits for the reporting period are analysed as follows:

	2025	2024
	£	£
Wages and salaries	13,331	–
Employer contributions to pension plans	578	–
	--------	----
	13,909	–
	--------	----

The average head count of employees during the year was 3 (2024: Nil).

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

15. Trustee remuneration and expenses

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

16. Tangible fixed assets

	Land and buildings	Fixtures and fittings	Equipment	Portacabins	Total
	£	£	£	£	£
Cost / Valuation
At 1 September 2024	690,990	11,777	36,262	64,750	803,779
Additions	6,124	–	–	–	6,124
	---------	--------	--------	--------	---------
At 31 August 2025	697,114	11,777	36,262	64,750	809,903
	---------	--------	--------	--------	---------
Depreciation
At 1 September 2024	40,617	11,777	36,262	7,557	96,213
Charge for the year	13,942	–	–	1,295	15,237
	---------	--------	--------	--------	---------
At 31 August 2025	54,559	11,777	36,262	8,852	111,450
	---------	--------	--------	--------	---------
Carrying amount
At 31 August 2025	642,555	–	–	55,898	698,453
	---------	--------	--------	--------	---------
At 31 August 2024	650,373	–	–	57,193	707,566
	---------	--------	--------	--------	---------

17. Debtors

	2025	2024
	£	£
Other debtors	90,000	91,250
	--------	--------

18. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	7,871	7,870
Accruals and deferred income	1,440	1,440
Other creditors	5,648	4,821
	--------	--------
	14,959	14,131
	--------	--------

The bank loan is secured over the assets of the charity.

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

	2025	2024
	£	£
Bank loans and overdrafts	170,323	179,125
	---------	---------

The bank loan is secured over the assets of the charity.

20. 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 £ 578 (2024: £Nil).

21. Analysis of charitable funds

Unrestricted funds

	At 1 September 2024	Income	Expenditure	At 31 August 2025
	£	£	£	£
General funds	627,259	237,102	(302,241)	562,120
Revaluation reserve	103,265	–	–	103,265
	---------	---------	---------	---------
	730,524	237,102	(302,241)	665,385
	---------	---------	---------	---------

	At 1 September 2023	Income	Expenditure	At 31 August 2024
	£	£	£	£
General funds	432,211	406,124	(211,076)	627,259
Revaluation reserve	103,265	–	–	103,265
	---------	---------	---------	---------
	535,476	406,124	(211,076)	730,524
	---------	---------	---------	---------

22. Analysis of net assets between funds

	Unrestricted Funds	Total Funds 2025
	£	£
Tangible fixed assets	698,453	698,453
Current assets	152,214	152,214
Creditors less than 1 year	(14,959)	(14,959)
Creditors greater than 1 year	(170,323)	(170,323)
	---------	---------
Net assets	665,385	665,385
	---------	---------

	Unrestricted Funds	Total Funds 2024
	£	£
Tangible fixed assets	707,566	707,566
Current assets	216,214	216,214
Creditors less than 1 year	(14,131)	(14,131)
Creditors greater than 1 year	(179,125)	(179,125)
	---------	---------
Net assets	730,524	730,524
	---------	---------

23. Related parties

During the year, Mr B Stone , trustee of BCH Trust , made aggregate donations of £13,000 to the charity.

24. Taxation

BCH 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.