The Gateshead Cheder Ltd Charity Accounts

COMPANY REGISTRATION NUMBER: 6935713

CHARITY REGISTRATION NUMBER: 1130433

The Gateshead Cheder Ltd

Company Limited by Guarantee

Financial Statements

30 November 2025

The Gateshead Cheder Ltd

Company Limited by Guarantee

Financial Statements

Year ended 30 November 2025

	Page

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

Independent auditor's report to the trustees	6

Statement of financial activities (including income and expenditure account)	11

Statement of financial position	12

Statement of cash flows	13

Notes to the financial statements	14

The Gateshead Cheder Ltd

Company Limited by Guarantee

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

Year ended 30 November 2025

The trustees, who are also the directors for the purposes of company law, present their report and the financial statements of the charity for the year ended 30 November 2025 .

Reference and administrative details

Registered charity name	The Gateshead Cheder Ltd

Charity registration number	1130433

Company registration number	6935713

Principal office and registered	Tynegate Precinct
office	Sunderland Road
	Gateshead
	Tyne & Wear
	NE8 3HY

The trustees

	S Kohn	(Retired 11 February 2026)
	P Abenson
	I M Hirsch	(Appointed 11 February 2026)
	S M Bengio	(Appointed 11 February 2026)

Auditor	Haffner Hoff Auditors Ltd
	Accountants & statutory auditor
	2nd Floor - Parkgates
	Bury New Road
	Prestwich
	Manchester
	M25 0TL

Bankers	Lloyds Bank plc
	15 West Street
	Gateshead
	Tyne & Wear
	NE8 1DP

Structure, governance and management

The Gateshead Cheder Ltd is constituted by Memorandum and Articles of Association and is a company limited by guarantee. It was incorporated on 16 June 2009 as a company and the company number is 6935713 . It was registered as a charity on 30 June 2009 with a charity number 1130433 .

Organisation

The trustees are responsible for the control and direction of the school together with the governors. The day to day running of the school is carried out by the trustees in consultation with the senior management team.

Recruitment of trustees

Recruitment and appointment of new trustees is 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 D Hanan 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 running of the school. These risks are managed by the trustees ensuring the right staff are utilised and the right policies are implemented.

In terms of financial risk, this is dependent on the efficient collection of voluntary contributions from parents and on charitable contributions from members of the local community. If external fund raising is not maximised this can have a negative impact on the school with regard to the recruitment of the most suitably qualified teachers as well as on extra curricular activities. Acquisition of educational material would also be restricted.

Report back and review procedures strengthen these safeguards to ensure public benefit is achieved from all aspects of the school management.

Risk Management

The process of examining the risks to which the charity is exposed is ongoing and the trustees are planning to further develop systems to monitor and control these risks in order to lessen their potential impact on the Charity.

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.

Objectives and activities

Objects

The objects of the charity are (i) the advancement of orthodox Jewish religious education and education in general and (ii) the advancement of such other objects as are for the benefit of the public and are charitable according to English Law.

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 pays out grants in line with the objects as stated in the Memorandum and Articles of Association.

Principal Activities of the year

The charity is funded by voluntary contributions, grants and donations. The charity provides education to children in the Gateshead area.

Objectives for the year

This year, the focus has been on the continued achievement of academic performance.

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

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.

Achievements and performance

During the year the charity received £462,131 in donations (2024: £112,860), £725,277 in grants (2024: £596,710), £4,325 in income from charitable activities (2024: £1,310), £144 in bank interest receivable (2024: £225) and £1,313,857 in other income (2024: £1,034,369).

The charity paid out £2,235,633 for charitable activities, including teaching, direct educational expenditure, support costs and welfare expenses (2024: £1,857,517)and £27,695 on cost of raising donations (2024: £1,658). The charity was successful in dispensing education to children of various ages during the year. The charity operated a school called a Cheder that educated 458 boys aged 3 to 16 in the Gateshead area.

There were no grants paid out to needy individuals and various other educational establishments during the year (2024: £nil).

There were no investments made during the year.

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

Fundraising costs incurred during the year are as detailed in the notes to the accounts as applicable.

The building is not owned by the charity but the school has all rights and obligations on the building as well as all risks and rewards associated with it. Land and buildings represents capital expenditure incurred by the charity as the fabric of the building. Despite the fact that the building is actually owned by a separate entity, the additions belong to the Gateshead Cheder Ltd.

There was an overall net income and net movement in funds for the year amounting to £242,406 representing net income on the restricted fund of zero and net income on the unrestricted fund of £242,406. This compares with 2024 where there was a net deficit of £113,701 representing net deficit on the restricted fund of zero and net deficit on the unrestricted fund of £113,701.

Financial review

The trustees feel that the activity 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 and other 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 free reserves represented by the current assets are in a healthy state.

It is the policy of the charity to maintain unrestricted funds at a level sufficient to cover unforeseen and major expenditure and shortfalls in income. The trustees remain confident in their ability to raise the necessary funds, thereby adhering to the stated policy and to the maintenance of a balanced budget. Additionally, most of the current liabilities and all of the long term liabilities are interest free loans from well wishers who want the school to succeed and would not call them in to the detriment of the charity.

Total funds for the year were £560,624 (2024: £318,218). The free reserves, represented by the net current assets of the charity, stood at £85,504 (2024: net current assets of £76,896).

Plans for future periods

The trustees plan to continue raising funds for projects in line with the memorandum and articles of association and to pursue those educational objectives and projects by operating and maintaining the school with all the resources available to the charity.

Trustees' responsibilities statement

The trustees, who are also directors for the purposes of company law, are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitable company and the incoming resources and application of resources, including the income and expenditure, for that period. In preparing these financial statements, the trustees are required to: - select suitable accounting policies and then apply them consistently; - observe the methods and principles in the applicable Charities SORP; - make judgments and accounting estimates that are reasonable and prudent; - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Auditor

Each of the persons who is a trustee at the date of approval of this report confirms that:

- so far as they are aware, there is no relevant audit information of which the charity's auditor is unaware; and - they have taken all steps that they ought to have taken as a trustee to make themselves aware of any relevant audit information and to establish that the charity's auditor is aware of that information.

The auditor is deemed to have been re-appointed in accordance with section 487 of the Companies Act 2006.

The trustees' annual report was approved on 25 August 2026 and signed on behalf of the board of trustees by:

P Abenson

Trustee

The Gateshead Cheder Ltd

Company Limited by Guarantee

Independent Auditor's Report to the Trustees

Year ended 30 November 2025

Opinion

We have audited the financial statements of The Gateshead Cheder Ltd (the 'charity') for the year ended 30 November 2025 which comprise the statement of financial activities (including income and expenditure account), statement of financial position, statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements: - give a true and fair view of the state of the charity's affairs as at 30 November 2025 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended; - have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; - have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

- the information given in the trustees' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- the trustees' report has been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees' report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion: - adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or - the financial statements are not in agreement with the accounting records and returns; or - certain disclosures of trustees' remuneration specified by law are not made; or - we have not received all the information and explanations we require for our audit; or - the trustees were not entitled to take advantage of the small companies' exemptions from the requirement to prepare a strategic report.

Responsibilities of trustees

As explained more fully in the trustees' responsibilities statement, the trustees (who are also the directors for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: We identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and then design and perform audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion. In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we considered the following: the nature of the industry and sector, control environment and business performance; results of our enquiries of management about their own identification and assessment of the risks of irregularities; any matters we identified having obtained and reviewed the company's documentation of their policies and procedures relating to (a) identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of noncompliance; (b) detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud; (c) the internal controls established to mitigate risks of fraud or non-compliance with laws and regulations; (d) the matters identified as to how and where fraud might occur in the financial statements and any potential indicators of fraud. In common with all audits under ISAS (UK), we are also required to perform specific procedures to respond to the risk of management override. We also obtained an understanding of the legal and regulatory frameworks that the company operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included the UK Companies Act, UK Corporate Governance Code, UK tax legislation and UK Charity Act. In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which may be fundamental to the company's ability to operate or to avoid a material penalty. As a result of performing the above, we identified no key audit matters relating to the potential risk of fraud. Our procedures to respond to risks identified included the following: reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements; enquiring of management concerning actual and potential litigation and claims; performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud; obtaining an understanding of provisions and holding discussions with management to understand the basis of recognition or non-recognition of tax provisions; and in addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments; assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business. We remained alert to any indications of fraud or noncompliance with laws and regulations throughout the audit. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors. As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also: - Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. - Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the internal control. - Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the trustees. - Conclude on the appropriateness of the trustees' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the charity's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the charity to cease to continue as a going concern. - Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. Use of our report

This report is made solely to the charity's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charity's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's members as a body, for our audit work, for this report, or for the opinions we have formed.

Mr Howard Schwalbe ACA

(Senior Statutory Auditor)

For and on behalf of

Haffner Hoff Auditors Ltd

Accountants & statutory auditor

2nd Floor - Parkgates

Bury New Road

Prestwich

Manchester

M25 0TL

25 August 2026

The Gateshead Cheder Ltd

Company Limited by Guarantee

Statement of Financial Activities

(including income and expenditure account)

Year ended 30 November 2025

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

Income and endowments

Donations and legacies	5	262,131	925,277	1,187,408	709,570
Charitable activities	6	4,325	–	4,325	1,310
Investment income	7	144	–	144	225
Other income	8	1,313,857	–	1,313,857	1,034,369
		------------	---------	------------	------------
Total income		1,580,457	925,277	2,505,734	1,745,474
		------------	---------	------------	------------

Expenditure

Expenditure on raising funds:

	Costs of raising donations and legacies		9	27,695	–	27,695	1,658
Expenditure on charitable activities		10,11		1,545,356	690,277	2,235,633	1,857,517
				------------	---------	------------	------------
Total expenditure				1,573,051	690,277	2,263,328	1,859,175
				------------	---------	------------	------------

	------------	---------	------------	------------
Net income/(expenditure)	7,406	235,000	242,406	( 113,701)
	------------	---------	------------	------------

Transfers between funds	235,000	(235,000)	–	–

	------------	---------	------------	------------
Net movement in funds	242,406	–	242,406	( 113,701)

Reconciliation of funds

Total funds brought forward	318,218	–	318,218	431,919
	------------	---------	------------	------------
Total funds carried forward	560,624	–	560,624	318,218
	------------	---------	------------	------------

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

All income and expenditure derive from continuing activities.

The Gateshead Cheder Ltd

Company Limited by Guarantee

Statement of Financial Position

30 November 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible fixed assets	17		591,222	381,314

Current assets

Stocks	18	43,200	40,400
Debtors	19	263,611	232,770
Cash at bank and in hand		134,734	82,226
		---------	---------
		441,545	355,396

Creditors: amounts falling due within one year	20	356,041		278,500
		---------		---------
Net current assets			85,504	76,896
			---------	---------
Total assets less current liabilities			676,726	458,210

Creditors: amounts falling due after more than one year	21	116,102	139,992
		---------	---------
Net assets		560,624	318,218
		---------	---------

Funds of the charity

Unrestricted funds		560,624	318,218
		---------	---------
Total charity funds	23	560,624	318,218
		---------	---------

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 25 August 2026 , and are signed on behalf of the board by:

P Abenson

Trustee

The Gateshead Cheder Ltd

Company Limited by Guarantee

Statement of Cash Flows

Year ended 30 November 2025

	2025	2024
	£	£

Cash flows from operating activities

Net income/(expenditure)	242,406	(113,701)

Adjustments for:
Depreciation of tangible fixed assets	53,360	44,422
Other interest receivable and similar income	( 144)	( 225)
Interest payable and similar charges	5,558	7,297
Accrued expenses/(income)	8,255	( 7,285)

Changes in:
Stocks	( 2,800)	( 15,500)
Trade and other debtors	( 30,841)	63,825
Trade and other creditors	59,285	67,505
	---------	---------
Cash generated from operations	335,079	46,338

Interest paid	( 5,558)	( 7,297)
Interest received	144	225
	---------	--------
Net cash from operating activities	329,665	39,266
	---------	--------

Cash flows from investing activities

Purchase of tangible assets	( 263,268)	( 20,043)
	---------	--------
Net cash used in investing activities	( 263,268)	( 20,043)
	---------	--------

Cash flows from financing activities

Proceeds from borrowings	( 13,889)	( 13,889)
	---------	--------
Net cash used in financing activities	( 13,889)	( 13,889)
	---------	--------

Net increase in cash and cash equivalents	52,508	5,334
Cash and cash equivalents at beginning of year	82,226	76,892
	---------	--------
Cash and cash equivalents at end of year	134,734	82,226
	---------	--------

The Gateshead Cheder Ltd

Company Limited by Guarantee

Notes to the Financial Statements

Year ended 30 November 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 Tynegate Precinct, Sunderland Road, Gateshead, Tyne & Wear, NE8 3HY.

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

Tangible fixed assets

The building is not owned by the charity but the school has all the rights and obligations on the building, as well as all the risks and rewards associated with it.

The trustees have chosen to show the property in the accounts the users of the accounts gain a better understanding as to what is happening in the charity.

Basis of preparation

The financial statements have been prepared on the historical cost basis. 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

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. Unrestricted funds are those available for use for general purposes at the discretion of the charity trustees and governors in furtherance of the charity's objects.

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. - legacy income is recognised when receipt is probable and entitlement is established. - 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. The building is not owned by the charity but the school has all the rights and obligations on the building, as well as all the risks and rewards associated with it. Land and buildings represents capital expenditure incurred by the charity as the fabric of the building. Despite the fact that the building is actually owned by a separate entity, the additions belong to the Gateshead Cheder Ltd.

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 and fittings	-	15% straight line
Motor vehicles	-	15% straight line
Equipment	-	15% 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.

Stocks

Stocks are measured at the lower of cost and value in use. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

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

The Gateshead Cheder Ltd 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	Restricted Funds	Total Funds 2025
£	£	£

Donations

	Donations	262,131	200,000	462,131

Grants

Grants received from public authority	–	642,502	642,502
C S T grants receivable	–	82,775	82,775
	---------	---------	------------
	262,131	925,277	1,187,408
	---------	---------	------------

Unrestricted Funds	Restricted Funds	Total Funds 2024
£	£	£

Donations

	Donations	112,860	–	112,860

Grants

Grants received from public authority	–	518,364	518,364
C S T grants receivable	–	78,346	78,346
	---------	---------	---------
	112,860	596,710	709,570
	---------	---------	---------

6. Charitable activities

	Unrestricted Funds	Total Funds 2025	Unrestricted Funds	Total Funds 2024
	£	£	£	£
Other income from charitable activities	4,325	4,325	1,310	1,310
	-------	-------	-------	-------

7. Investment income

	Unrestricted Funds	Total Funds 2025	Unrestricted Funds	Total Funds 2024
	£	£	£	£
Bank interest receivable	144	144	225	225
	----	----	----	----

8. Other income

	Unrestricted Funds	Total Funds 2025	Unrestricted Funds	Total Funds 2024
	£	£	£	£
Voluntary contributions	106,142	106,142	155,622	155,622
Childcare	1,089,113	1,089,113	781,652	781,652
Transport	48,906	48,906	28,199	28,199
Services Rendered	69,696	69,696	68,896	68,896
	------------	------------	------------	------------
	1,313,857	1,313,857	1,034,369	1,034,369
	------------	------------	------------	------------

9. Costs of raising donations and legacies

	Unrestricted Funds	Total Funds 2025	Unrestricted Funds	Total Funds 2024
	£	£	£	£
Costs of raising donations and legacies - Grants receivable	27,695	27,695	1,658	1,658
	--------	--------	-------	-------

10. Expenditure on charitable activities by fund type

	Unrestricted Funds	Restricted Funds	Total Funds 2025
	£	£	£
Teaching & educational expenditure	1,048,928	690,277	1,739,204
Welfare Expenses	363,000	–	363,000
Support costs	133,428	–	133,429
	------------	---------	------------
	1,545,356	690,277	2,235,633
	------------	---------	------------

	Unrestricted Funds	Restricted Funds	Total Funds 2024
	£	£	£
Teaching & educational expenditure	884,128	596,710	1,480,838
Welfare Expenses	330,000	–	330,000
Support costs	46,679	–	46,679
	------------	---------	------------
	1,260,807	596,710	1,857,517
	------------	---------	------------

11. Expenditure on charitable activities by activity type

	Activities undertaken directly	Support costs	Total funds 2025	Total fund 2024
	£	£	£	£
Teaching & educational expenditure	1,739,204	123,529	1,862,733	1,517,617
Welfare Expenses	363,000	–	363,000	330,000
Governance costs	–	9,900	9,900	9,900
	------------	---------	------------	------------
	2,102,204	133,429	2,235,633	1,857,517
	------------	---------	------------	------------

12. Analysis of support costs

	Analysis of support costs	Total 2025	Total 2024
	£	£	£
Staff costs	102,181	102,181	23,667
General office	21,347	21,347	13,112
Governance costs	9,900	9,900	9,900
	---------	---------	--------
	133,428	133,428	46,679
	---------	---------	--------

13. Net income/(expenditure)

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

	2025	2024
	£	£
Depreciation of tangible fixed assets	53,360	44,422
	--------	--------

14. Auditors remuneration

	2025	2024
	£	£
Fees payable for the audit of the financial statements	7,140	7,140
	-------	-------

Fees payable to the charity's auditor and its associates for other services:

Other non-audit services	2,760	2,760
	-------	-------

15. Staff costs

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

	2025	2024
	£	£
Wages and salaries	1,317,396	1,029,667
Social security costs	54,687	–
Employer contributions to pension plans	9,328	3,159
	------------	------------
	1,381,411	1,032,826
	------------	------------

The average head count of employees during the year was 157 (2024: 132 ). The average number of full-time equivalent employees during the year is analysed as follows:

	2025	2024
	No.	No.
Number of administrative staff	5	3
Number of teaching staff (full & part time)	80	73
	----	----
	85	76
	----	----

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

16. Trustee remuneration and expenses

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

17. Tangible fixed assets

	Land and buildings	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£	£
Cost
At 1 December 2024	276,689	156,280	7,000	95,973	535,942
Additions	235,000	28,268	–	–	263,268
	---------	---------	-------	--------	---------
At 30 November 2025	511,689	184,548	7,000	95,973	799,210
	---------	---------	-------	--------	---------
Depreciation
At 1 December 2024	14,232	99,442	1,050	39,904	154,628
Charge for the year	10,233	27,682	1,050	14,395	53,360
	---------	---------	-------	--------	---------
At 30 November 2025	24,465	127,124	2,100	54,299	207,988
	---------	---------	-------	--------	---------
Carrying amount
At 30 November 2025	487,224	57,424	4,900	41,674	591,222
	---------	---------	-------	--------	---------
At 30 November 2024	262,457	56,838	5,950	56,069	381,314
	---------	---------	-------	--------	---------

Land and buildings represent work performed on the school building.

18. Stocks

	2025	2024
	£	£
Raw materials and consumables	43,200	40,400
	--------	--------

19. Debtors

	2025	2024
	£	£
Trade debtors	238,196	189,355
Prepayments and accrued income	6,973	6,256
Other debtors	18,442	37,159
	---------	---------
	263,611	232,770
	---------	---------

20. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	13,889	13,888
Trade creditors	72,596	137,779
Accruals and deferred income	25,124	16,869
Other creditors	244,432	109,964
	---------	---------
	356,041	278,500
	---------	---------

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

	2025	2024
	£	£
Bank loans and overdrafts	60,185	74,075
Other creditors	55,917	65,917
	---------	---------
	116,102	139,992
	---------	---------

Bank loans and overdrafts are secured on the land and buildings of the charity.

22. 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 £ 9,328 (2024: £ 3,159 ).

23. Analysis of charitable funds

Unrestricted funds

	At 1 December 2024	Income	Expenditure	Transfers	At 30 November 2025
	£	£	£	£	£
General funds	318,218	1,580,457	(1,573,051)	235,000	560,624
	---------	------------	------------	---------	---------

	At 1 December 2023	Income	Expenditure	Transfers	At 30 November 2024
	£	£	£	£	£
General funds	431,919	1,148,764	(1,262,465)	–	318,218
	---------	------------	------------	----	---------

Restricted funds

	At 1 December 2024	Income	Expenditure	Transfers	At 30 November 2025
	£	£	£	£	£
Restricted fund - grants receivable	–	925,277	(690,277)	(235,000)	–
	----	---------	---------	---------	----

	At 1 December 2023	Income	Expenditure	Transfers	At 30 November 2024
	£	£	£	£	£
Restricted fund - grants receivable	–	596,710	(596,710)	–	–
	----	---------	---------	----	----

24. Analysis of net assets between funds

	Unrestricted Funds	Total Funds 2025
	£	£
Tangible fixed assets	591,222	591,222
Current assets	441,545	441,545
Creditors less than 1 year	(356,041)	(356,041)
Creditors greater than 1 year	(116,102)	(116,102)
	---------	---------
Net assets	560,624	560,624
	---------	---------

	Unrestricted Funds	Total Funds 2024
	£	£
Tangible fixed assets	381,314	381,314
Current assets	355,396	355,396
Creditors less than 1 year	(278,500)	(278,500)
Creditors greater than 1 year	(139,992)	(139,992)
	---------	---------
Net assets	318,218	318,218
	---------	---------

25. Analysis of changes in net debt

	At 1 Dec 2024	Cash flows	At 30 Nov 2025
	£	£	£
Cash at bank and in hand	82,226	52,508	134,734
Debt due within one year	(13,888)	(1)	(13,889)
Debt due after one year	(74,075)	13,890	(60,185)
	--------	--------	---------
	( 5,737)	66,397	60,660
	--------	--------	---------

The Gateshead Cheder Ltd

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 30 November 2025

26. Related parties

Mr P Abenson , trustee of The Gateshead Cheder Ltd , lent various sums over a number of years to The Gateshead Cheder Ltd on an interest free and long term basis. The balance at the year end amounted to £29,617. Mr Z Abenson is a related party by virtue of the fact that he is the brother of trustee Mr P Abenson. Mr Z Abenson is an employee of the charity and received £10,068 during the year. Mrs E Kaufman is a related party by virtue of the fact that she is the sister of trustee Mr P Abenson. Mrs E Kaufman is an employee of the charity and received £9,225 during the year. Gateshead Youth Project (GYP) is a related party due to the fact that trustee P Abenson has significant influence over it. During the year the charity paid GYP £10,000 for one month's rent starting in November. GYP also owed the charity £166,904 at the year end. The total aggregate related party donations received during the year was £221. RC Youth Group Ltd was a related party due to the fact that trustee P Abenson had significant influence over it until 15th August 2025. The charity made payments totalling £460 to RC Youth Group Ltd for Hall hire in the time during the year when it was a related party.

27. Taxation

The Gateshead Cheder 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.