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COMPANY REGISTRATION NUMBER: 05875270
CHARITY REGISTRATION NUMBER: 1116467

Mikve Trust Limited

Company Limited by Guarantee

Unaudited Financial Statements

30 September 2025

Mikve Trust Limited

Company Limited by Guarantee

Financial Statements

Year ended 30 September 2025

| Pages

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

Independent examiner's report to the trustees | 4 to 5

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

Statement of financial position | 7

Notes to the financial statements | 8 to 12

Mikve Trust Limited

Company Limited by Guarantee

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

Year ended 30 September 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 September 2025 .
Reference and administrative details

Registered charity name | Mikve Trust Limited

Charity registration number | 1116467

Company registration number | 05875270

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

The trustees

| B J Lebrecht |
| C S Lebrecht |
| Mrs S Lebrecht |
| Mrs E M Zahn | (Retired 12 December 2024)

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

Structure, governance and management
Mikve Trust limited is constituted by Memorandum and Articles of Association and is a company limited by guarantee. It was incorporated on 13 July 2006 as a company and the company number is 0585270. It was registered as a charity on 20 October 2006 with a charity number 1116427.
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;
1. The advancement of the orthodox Jewish Religion
2. The advancement of education in accordance with the doctrines and principles of orthodox
Judaism; and
3. The relief of poverty, sickness and distress by the provision of grants to those in need in the Jewish community.
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.
Strategic report
The following sections for achievements and performance and financial review form the strategic report of the charity.
Achievements and performance
During the year the charity received donations of £274,357 (2024: £322,032).
During the year the charity spent £339,692 (2024: £386,577) in furtherance of its principal activity of operating a ritual bath and facilities.
The trustees would like to record their appreciation for all financial support received from benefactors during the course of the year.
The charity has low governance costs. Other costs were kept low and the governance costs incurred relate to professional fees incurred during the year.
Grants over £1,000 made during the year to institutions are as detailed in the accounts as applicable.
There were no fundraising costs during the year.
Related party transactions are reported in the notes to the accounts.
There was an overall net expenditure and net movement in funds for the year amounting to (£65,335) (2024: -£64,545), all attributable to the unrestricted fund.
Financial review
As at 30 September 2025 the charity had net current liabilities of £227,756 (2024: £203,445). The trustees acknowledge the above and are confident that the charity will be able to continue for the foreseeable future as they have obtained assurances from the companies under common directorship and trusteeship that they will not call in their interest free loans amounting to £217,372 to the detriment of the cash flow of the charity.
It is appropriate therefore for the financial statements to be prepared on a going concern basis.
Total funds held by the charity at the year end were £141,456 (2024: £206,791), all of which are unrestricted.
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. It is the charity's policy to maintain cash reserves at a level sufficient to enable it to continue its operations.
The trustees' annual report and the strategic report were approved on 24 June 2026 and signed on behalf of the board of trustees by:

B J Lebrecht
Trustee

Mikve Trust Limited

Company Limited by Guarantee

Independent Examiner's Report to the Trustees of Mikve Trust Limited

Year ended 30 September 2025
I report to the trustees on my examination of the financial statements of Mikve Trust Limited ('the charity') for the year ended 30 September 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
Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales (ICAEW), which is one of the listed bodies.
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.
Howard Schwalbe ACA Independent Examiner
2nd Floor - Parkgates Bury New Road Prestwich Manchester M25 0TL
24 June 2026

Mikve Trust Limited

Company Limited by Guarantee

Statement of Financial Activities
(including income and expenditure account)

Year ended 30 September 2025

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

Income and endowments

Donations and legacies | 5 | 274,357 | 274,357 | 322,032
| --------- | --------- | ---------
Total income | 274,357 | 274,357 | 322,032
| --------- | --------- | ---------

Expenditure

Expenditure on charitable activities | 6,7 | ( 339,692) | ( 339,692) | ( 386,577)
| --------- | --------- | ---------
Total expenditure | ( 339,692) | ( 339,692) | ( 386,577)
| --------- | --------- | ---------

| --------- | --------- | ---------
Net expenditure and net movement in funds | ( 65,335) | ( 65,335) | ( 64,545)
| --------- | --------- | ---------

Reconciliation of funds

Total funds brought forward | 206,791 | 206,791 | 271,336
| --------- | --------- | ---------
Total funds carried forward | 141,456 | 141,456 | 206,791
| --------- | --------- | ---------

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

Mikve Trust Limited

Company Limited by Guarantee

Statement of Financial Position

30 September 2025

| 2025 | 2024
Note | £ | £ | £

Fixed assets

Tangible fixed assets | 13 |  | 369,212 | 410,236

Current assets

Cash at bank and in hand | 112 |  | 477

Creditors: amounts falling due within one year | 14 | 227,868 |  | 203,922
| --------- |  | ---------
Net current liabilities |  | 227,756 | 203,445
|  | --------- | ---------
Total assets less current liabilities |  | 141,456 | 206,791
|  | --------- | ---------
Net assets |  | 141,456 | 206,791
|  | --------- | ---------

Funds of the charity

Unrestricted funds |  | 141,456 | 206,791
|  |  | --------- | ---------
Total charity funds | 15 |  | 141,456 | 206,791
|  |  | --------- | ---------

For the year ending 30 September 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 24 June 2026 , and are signed on behalf of the board by:

B J Lebrecht
Trustee

Mikve Trust Limited

Company Limited by Guarantee

Notes to the Financial Statements

Year ended 30 September 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
The charity has net current liabilities. The trustees acknowledge the above and are confident that the charity will be able to continue for the foreseeable future as they have obtained assurances from the companies under common directorship and trusteeship that they will not call in their interest free loans amounting to £217,372 to the detriment of the cash flow of the charity. It is appropriate therefore for the financial statements to be prepared on a going concern basis.
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 at the year end.
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
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:

|  | - | 10% reducing balance

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 £l0.
5. Donations and legacies

|  | Unrestricted Funds | Total Funds 2025 | Unrestricted Funds | Total Funds 2024
|  | £ | £ | £ | £

Donations

| Donations | 274,357 | 274,357 | 322,032 | 322,032
|  | --------- | --------- | --------- | ---------

6. Expenditure on charitable activities by fund type

|  | Unrestricted Funds | Total Funds 2025 | Unrestricted Funds | Total Funds 2024
|  | £ | £ | £ | £
| Charitable Activities | 334,055 | 334,055 | 383,410 | 383,410
| Support costs | 5,637 | 5,637 | 3,167 | 3,167
|  | --------- | --------- | --------- | ---------
|  | 339,692 | 339,692 | 386,577 | 386,577
|  | --------- | --------- | --------- | ---------

7. Expenditure on charitable activities by activity type

| Activities undertaken directly | Support costs | Total funds 2025 | Total fund 2024
| £ | £ | £ | £
| Charitable Activities | 334,055 | 4,137 | 338,192 | 385,078
| Governance costs | – | 1,500 | 1,500 | 1,499
|  | --------- | ------- | --------- | ---------
|  | 334,055 | 5,637 | 339,692 | 386,577
|  | --------- | ------- | --------- | ---------

8. Analysis of support costs

| Analysis of support costs activity 1 | Total 2025 | Total 2024
| £ | £ | £
| General office | 4,137 | 4,137 | 1,668
| Governance costs | 1,500 | 1,500 | 1,499
|  | ------- | ------- | -------
|  | 5,637 | 5,637 | 3,167
|  | ------- | ------- | -------

9. Net expenditure
Net expenditure is stated after charging/(crediting):

| 2025 | 2024
| £ | £
Depreciation of tangible fixed assets | 41,024 | 45,581
| -------- | --------

10. Independent examination fees

| 2025 | 2024
| £ | £

Fees payable to the independent examiner for:

Independent examination of the financial statements | 1,500 | 1,500
| ------- | -------

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

| 2025 | 2024
| £ | £
Wages and salaries | 67,258 | 76,565
| -------- | --------

The average head count of employees during the year was 11 (2024: 12 ). The average number of full-time equivalent employees during the year is analysed as follows:

| 2025 | 2024
| No. | No.
Number of staff | 11 | 12
| ---- | ----

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. Tangible fixed assets

| Fixtures and fittings | Total
| £ | £
Cost |  |
At 1 October 2024 and 30 September 2025 | 1,306,547 | 1,306,547
| ------------ | ------------
Depreciation |  |
At 1 October 2024 | 896,311 | 896,311
Charge for the year | 41,024 | 41,024
| ------------ | ------------
At 30 September 2025 | 937,335 | 937,335
| ------------ | ------------
Carrying amount |  |
At 30 September 2025 | 369,212 | 369,212
| ------------ | ------------
At 30 September 2024 | 410,236 | 410,236
| ------------ | ------------

Tangible fixed assets represents a building and refurbishments with 100% ownership by the charity, that houses the ritual baths.
14. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Accruals and deferred income | 9,303 | 8,811
Social security and other taxes | 1,193 | 1,289
Other creditors | 217,372 | 193,822
| --------- | ---------
| 227,868 | 203,922
| --------- | ---------

15. Analysis of charitable funds
Unrestricted funds

| At 1 October 2024 | Income | Expenditure | At 30 September 2025
| £ | £ | £ | £
General funds | 206,791 | 274,357 | (339,692) | 141,456
| --------- | --------- | --------- | ---------

| At 1 October 2023 | Income | Expenditure | At 30 September 2024
| £ | £ | £ | £
General funds | 271,336 | 322,032 | (386,577) | 206,791
| --------- | --------- | --------- | ---------

16. Analysis of net assets between funds

| Unrestricted Funds | Total Funds 2025
| £ | £
| Tangible fixed assets | 369,212 | 369,212
| Current assets | 112 | 112
| Creditors less than 1 year | (227,868) | (227,868)
|  | --------- | ---------
| Net assets | 141,456 | 141,456
|  | --------- | ---------

| Unrestricted Funds | Total Funds 2024
| £ | £
| Tangible fixed assets | 410,236 | 410,236
| Current assets | 477 | 477
| Creditors less than 1 year | (203,922) | (203,922)
|  | --------- | ---------
| Net assets | 206,791 | 206,791
|  | --------- | ---------

17. Related parties
Other Creditors include amounts due to Companies of which trustees of this Charity are also directors as follows;

| 2025 | 2024
| £ | £

Shulem Limited | 41,050 | 37,350
Ventnor Limited | 6,272 | 6,272
Sevode Ltd | 3,000 | 3,000
Ventnor Management Limited | 1,500 | 10,000
BJ & S Lebrecht | 14,500 | 10,000
Memhay Ltd | 108,050 | 113,200
Nailsbourne Ltd | 23,000 | 14,000
Port Estate Ltd | 20,000 | –

The above loans are interest-free and repayable on demand. The Charity received aggregate donations totalling £106,500 during the year from Trustees and Related Parties. The Charity pays £150,000 per annum in rent to Mikve Taharas Ruchel, a charity which owns the premises on which the ritual bath operates and has common trustees to the trustees of this Charity.
18. Taxation
Mikve Trust Limited 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.