Kehilas Kol Yaakov Limited Charity Accounts

COMPANY REGISTRATION NUMBER: 09725776

CHARITY REGISTRATION NUMBER: 1164794

Kehilas Kol Yaakov Limited

Company Limited by Guarantee

Unaudited Financial Statements

31 August 2025

Kehilas Kol Yaakov Limited

Company Limited by Guarantee

Financial Statements

Year ended 31 August 2025

	Pages

Trustees' annual report (incorporating the director's report)	1 to 3

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 to 13

Kehilas Kol Yaakov Limited

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	Kehilas Kol Yaakov Limited

Charity registration number	1164794

Company registration number	09725776

Principal office and registered	17 Stanley Street
office	Manchester
	M8 8SH

The trustees

	C Hibbert
	S Lederberger
	C D Nissenbaum
	S Rose
	Z Hirsch

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

Structure, governance and management

Kehilas Kol Yaakov Limited is constituted by Memorandum and Articles of Association and is a company limited by guarantee. It was incorporated on 10 August 2015 as a company and the company number is 09725776. It was registered as a charity on 10 December 2015 with a charity number 1164794.

The Charity is run by the trustees who all act in an honorary capacity. A new trustee would receive copies of the previous years' Annual Report and Accounts and a copy of the Charity Commission leaflet 'The Essential Trustee : What you need to know'.

Risk Management

The trustees have identified and reviewed the major risks to which the charity is exposed. Both manual and automated checks are regularly invoked, particularly those relating to the operations and finance of the charity. The trustees are satisfied that these systems and procedures mitigate any perceived risks.

Objectives and activities

The objectives of the charity are;

To advance the Jewish religion in North Manchester for the benefit of the public through the provision of facilities and holding of prayer meetings, study sessions, lectures and celebrations of Jewish religious events;

The furtherance of other charitable purposes as the trustees shall in their absolute discretion from time to time think fit and is charitable according to the laws of England and Wales.

Public Benefit Policy

We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities.

Grant Making Policy

Grants are made to charitable institutions and organisations which accord with the objects of the charity.

Strategic report

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

Achievements and performance

Donations receivable in the year amounted to £58,850 (2024: £79,122) and £44,686 (2024: £45,114) was paid out in synagogue expenses and support costs. These payments were made in line with the stated objects of the charity.

Included within donations receivable is £6,085 (2024: £6,554) of restricted income relating to the CST security grants. This was all spent in the year.

The charity bought a plot of land as well as some portacabins during a previous year as detailed in the notes to the accounts. This was for the building of the new Synagogue that the charity inaugurated during that year. Further work was done during this year.

The charity incurred governance costs comprising professional fees during the year.

There were no investments made during the year.

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

Related party transactions are as disclosed in the accounts.

There was an overall net income and net movement in funds for the year amounting to £14,185 (2024: £34,030) all of is attributable to the unrestricted fund.

Financial review

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.

Reserves policy

As at 31 August 2025 the charity held free reserves, being net current assets of the charity, of £3,415 (2024: (£2,579)).

Total funds held by the charity at the year end were £316,362 (2024: £302,177), all of these were unrestricted.

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 charitable activities.

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' annual report and the strategic report were approved on 1 June 2026 and signed on behalf of the board of trustees by:

Z Hirsch

Trustee

Kehilas Kol Yaakov Limited

Company Limited by Guarantee

Independent Examiner's Report to the Trustees of Kehilas Kol Yaakov Limited

Year ended 31 August 2025

I report to the trustees on my examination of the financial statements of Kehilas Kol Yaakov Limited ('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 - matter of concern identified

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

1 June 2026

Kehilas Kol Yaakov Limited

Company Limited by Guarantee

Statement of Financial Activities

(including income and expenditure account)

Year ended 31 August 2025

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

Income and endowments

Donations and legacies	5	52,765	6,085	58,850	79,122
Investment income	6	21	–	21	22
		--------	-------	--------	--------
Total income		52,786	6,085	58,871	79,144
		--------	-------	--------	--------

Expenditure

Expenditure on charitable activities	7,8	38,601	6,085	44,686	45,114
		--------	-------	--------	--------
Total expenditure		38,601	6,085	44,686	45,114
		--------	-------	--------	--------

	--------	-------	--------	--------
Net income and net movement in funds	14,185	–	14,185	34,030
	--------	-------	--------	--------

Reconciliation of funds

Total funds brought forward	302,177	–	302,177	268,147
	---------	-------	---------	---------
Total funds carried forward	316,362	–	316,362	302,177
	---------	-------	---------	---------

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

All income and expenditure derive from continuing activities.

Kehilas Kol Yaakov Limited

Company Limited by Guarantee

Statement of Financial Position

31 August 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible fixed assets	15		384,147	392,456

Current assets

Debtors	16	1,104	–
Cash at bank and in hand		3,211	3,580
		-------	-------
		4,315	3,580

Creditors: amounts falling due within one year	17	900		6,159
		-------		-------
Net current assets			3,415	( 2,579)
			---------	---------
Total assets less current liabilities			387,562	389,877

Creditors: amounts falling due after more than one year	18	71,200	87,700
		---------	---------
Net assets		316,362	302,177
		---------	---------

Funds of the charity

Unrestricted funds		316,362	302,177
		---------	---------
Total charity funds	19	316,362	302,177
		---------	---------

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.

These financial statements were approved by the board of trustees and authorised for issue on 1 June 2026 , and are signed on behalf of the board by:

Z Hirsch

Trustee

Kehilas Kol Yaakov Limited

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 17 Stanley Street, Manchester, M8 8SH.

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 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 income is 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.

Resources expended

All expenditure is included on an accruals basis and is recognised when there is a legal or constructive obligation to pay for expenditure.

Expenditure also includes any VAT which cannot be fully recovered and is reported as part of the expenditure to which it relates.

Governance costs are included on an accruals basis and are recognised when there is a legal or constructive obligation to pay for expenditure.

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
Library	-	15% reducing balance

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.

Financial instruments

A financial asset or a financial liability is recognised only when the entity 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, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.

4. Limited by guarantee

The charity is a company limited by guarantee and has no share capital. The liability of each member in the event of winding up is limited to £10.

5. Donations and legacies

Unrestricted Funds	Restricted Funds	Total Funds 2025
£	£	£

Donations

	Donations	52,765	–	52,765

Grants

CST	–	6,085	6,085
	--------	-------	--------
	52,765	6,085	58,850
	--------	-------	--------

Unrestricted Funds	Restricted Funds	Total Funds 2024
£	£	£

Donations

	Donations	72,568	–	72,568

Grants

CST	–	6,554	6,554
	--------	-------	--------
	72,568	6,554	79,122
	--------	-------	--------

6. Investment income

	Unrestricted Funds	Total Funds 2025	Unrestricted Funds	Total Funds 2024
	£	£	£	£
Bank interest receivable	21	21	22	22
	----	----	----	----

7. Expenditure on charitable activities by fund type

	Unrestricted Funds	Restricted Funds	Total Funds 2025
	£	£	£
Charitable activities	37,020	6,085	43,105
Support costs	1,581	–	1,581
	--------	-------	--------
	38,601	6,085	44,686
	--------	-------	--------

	Unrestricted Funds	Restricted Funds	Total Funds 2024
	£	£	£
Charitable activities	36,008	6,554	42,562
Support costs	2,552	–	2,552
	--------	-------	--------
	38,560	6,554	45,114
	--------	-------	--------

8. Expenditure on charitable activities by activity type

	Activities undertaken directly	Grant funding of activities	Support costs	Total funds 2025	Total fund 2024
	£	£	£	£	£
Charitable activities	27,125	15,980	680	43,785	44,214
Governance costs	–	–	901	901	900
	--------	--------	-------	--------	--------
	27,125	15,980	1,581	44,686	45,114
	--------	--------	-------	--------	--------

9. Analysis of support costs

	Analysis of support costs	Total 2025	Total 2024
	£	£	£
General office	680	680	1,652
Governance costs	901	901	900
	-------	-------	-------
	1,581	1,581	2,552
	-------	-------	-------

10. Analysis of grants

	2025	2024
	£	£

Grants to institutions

Bederech Kovod	5,180	–
Grants under £1000	1,200	1,100
Kollel Gaon Yaakov	3,000	–
T T T	–	5,075
	-------	-------
	9,380	6,175

Grants to individuals

Grants to individuals	6,600	7,330
	--------	--------
Total grants	15,980	13,505
	--------	--------

11. Net income

Net income is stated after charging/(crediting):

	2025	2024
	£	£
Depreciation of tangible fixed assets	8,309	8,178
	-------	-------

12. Independent examination fees

	2025	2024
	£	£

Fees payable to the independent examiner for:

Independent examination of the financial statements	900	900
	----	----

13. Staff costs

The average head count of employees during the year was Nil (2019: Nil).

No employee received employee benefits of more than £60,000 during the year (2019: 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

	Land and buildings	Library	Total
	£	£	£
Cost
At 1 September 2024 and 31 August 2025	407,370	1,756	409,126
	---------	-------	---------
Depreciation
At 1 September 2024	15,995	675	16,670
Charge for the year	8,147	162	8,309
	---------	-------	---------
At 31 August 2025	24,142	837	24,979
	---------	-------	---------
Carrying amount
At 31 August 2025	383,228	919	384,147
	---------	-------	---------
At 31 August 2024	391,375	1,081	392,456
	---------	-------	---------

16. Debtors

	2025	2024
	£	£
Other debtors	1,104	–
	-------	----

17. Creditors: amounts falling due within one year

	2025	2024
	£	£
Accruals and deferred income	900	900
Other creditors	–	5,259
	----	-------
	900	6,159
	----	-------

Other creditors represents loans to the charity that are interest free and repayable on demand.

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

	2025	2024
	£	£
Other creditors	71,200	87,700
	--------	--------

19. Analysis of charitable funds

Unrestricted funds

	At 1 September 2024	Income	Expenditure	At 31 August 2025
	£	£	£	£
General funds	302,177	52,786	(38,601)	316,362
	---------	--------	--------	---------

	At 1 September 2023	Income	Expenditure	At 31 August 2024
	£	£	£	£
General funds	268,147	72,590	(38,560)	302,177
	---------	--------	--------	---------

Restricted funds

	At 1 September 2024	Income	Expenditure	At 31 August 2025
	£	£	£	£
Grants receivable	–	6,085	(6,085)	–
	----	-------	-------	----

	At 1 September 2023	Income	Expenditure	At 31 August 2024
	£	£	£	£
Grants receivable	–	6,554	(6,554)	–
	----	-------	-------	----

20. Analysis of net assets between funds

	Unrestricted Funds	Total Funds 2025
	£	£
Tangible fixed assets	384,147	384,147
Current assets	4,315	4,315
Creditors less than 1 year	(900)	(900)
Creditors greater than 1 year	(71,200)	(71,200)
	---------	---------
Net assets	316,362	316,362
	---------	---------

	Unrestricted Funds	Total Funds 2024
	£	£
Tangible fixed assets	392,456	392,456
Current assets	3,580	3,580
Creditors less than 1 year	(6,159)	(6,159)
Creditors greater than 1 year	(87,700)	(87,700)
	---------	---------
Net assets	302,177	302,177
	---------	---------

21. Related parties

C D Nissenbaum , a trustee of the charity, lent £120,000 to the charity on an interest free basis in a previous year. There were repayments of £17,000 during the year. The amount owing at the year end was £55,700. Z Hirsch , a trustee of the charity, lent £15,000 to the charity on an interest free basis in a previous year. During the year, there was a further loan of £500. The amount owing at the year end was £15,500. During the year, donations totalling £10,025 were received from trustees.

22. Taxation

Kehilas Kol Yaakov Ltd is a registered charity and therefore is not liable to income tax on income derived from its charitable activities, as it falls within the various exemptions available to registered charities.