Whinney House Limited - Charities report

REGISTERED COMPANY NUMBER: 03949393

REGISTERED CHARITY NUMBER: 1085248

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH NOVEMBER 2025

FOR

WHINNEY HOUSE LIMITED

Page

Report of the Trustees

1

to

2

Statement of Financial Activities

3

Statement of Financial Position

4

Notes to the Financial Statements

5

to

8

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30th November 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: 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) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The Charity's object and principal activity continues to be that of the advancement of Orthodox Jewish Religious Education amongst members of the Jewish faith throughout the world and such other charitable purposes as the Charity may from time to time determine.

The Charity is organised so that the Directors and Trustees meet regularly to manage its affairs and deal with the day to day administration.

ACHIEVEMENTS AND PERFORMANCE

Charitable activities

Having been granted planning permission to develop the property, the trustees were looking to find a partner with whom to undertake a joint venture to finance the development and thereby further the objectives of the charity. Unfortunately this venture did not materialise and the property was disposed of in a forced sale.

FINANCIAL REVIEW

The Statement of Financial Activities shows a deficit for the year of £2,720 and our reserves stand at a deficit of £12,832.

FUTURE PLANS

The need for our services is increasing and we plan to continue doing what we can to assist. However, the Trustees realise that we must use the resources we have wisely and so we will continue to target those problems where we have expertise to make the most difference. We therefore intend to continue our approach of education and training, with further projects to build on the previous ones, albeit from a different premises.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

03949393 (Not specified/Other)

Registered Charity number

1085248

Registered office

27 Oxford Terrace

Gateshead

Tyne and Wear

NE8 1RQ

Trustees

Shlomo Herskowitz

Rivka Herskowitz

Howard Barry Gold

Company Secretary

Rivka Herskowitz

Approved by order of the board of trustees on 20th August 2026 and signed on its behalf by:

Shlomo Herskowitz - Trustee

2025

2024

Unrestricted

Total

funds

Notes

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

980

6,682

EXPENDITURE ON

Charitable activities

Management and administration

3,700

4,157

NET INCOME/(EXPENDITURE)

(2,720

)

2,525

RECONCILIATION OF FUNDS

Total funds brought forward

(10,112

)

(12,637

)

TOTAL FUNDS CARRIED FORWARD

(12,832

)

(10,112

)

2025

2024

Unrestricted

Total

funds

Notes

£

CURRENT ASSETS

Cash at bank

418

2,838

CREDITORS

Amounts falling due within one year

5

(13,250

)

(12,950

)

NET CURRENT ASSETS/(LIABILITIES)

(12,832

)

(10,112

)

TOTAL ASSETS LESS CURRENT

LIABILITIES

(12,832

)

(10,112

)

NET ASSETS/(LIABILITIES)

(12,832

)

(10,112

)

FUNDS

7

Unrestricted funds

(12,832

)

(10,112

)

TOTAL FUNDS

(12,832

)

(10,112

)

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 2025 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a)	ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

These financial statements have been prepared in accordance with and delivered in accordance with the special provisions applicable to small charitable companies subject to the small companies regime

The financial statements were approved by the Board of Trustees and authorised for issue on 20th August 2026 and were signed on its behalf by:

Shlomo Herskowitz - Trustee

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: 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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The accounts have been prepared on a net realisation of assets basis as the trustees believe that the level of uncertainty in respect of the charity's future, is too great at present to permit the use of the going concern basis.

The trustees understand that the principal creditor does not intend to pursue recovery of its loan as the charity has no assets. Should this understanding prove justified and the other creditors agree to treat their loans as donation or to defer repayment for the foreseeable future, then the charity will remain solvent.

The charity will have to rely upon future donations to meet all future costs as it has no reserves.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 30th November 2025 nor for the year ended 30th November 2024.

Trustees' expenses

There were no trustees' expenses paid for the year ended 30th November 2025 nor for the year ended 30th November 2024.

3.	STAFF COSTS

There were 0 employees for the current year and 0 employees in the previous year.

4.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted

funds

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

6,682

EXPENDITURE ON

Charitable activities

Management and administration

4,157

NET INCOME

2,525

RECONCILIATION OF FUNDS

Total funds brought forward

(12,637

)

TOTAL FUNDS CARRIED FORWARD

(10,112

)

5.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Other loans (see note 6)

11,500

Gateshead Academy for Torah Studies Limited

1,000

Accrued expenses

750

450

13,250

12,950

6.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

Amounts falling due within one year on demand:

Other loans

11,500

7.	MOVEMENT IN FUNDS

Net

At

movement

At

1/12/24

in funds

30/11/25

£

Unrestricted funds

General fund

(10,112

)

(2,720

)

(12,832

)

TOTAL FUNDS

(10,112

)

(2,720

)

(12,832

)

Net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

Unrestricted funds

General fund

980

(3,700

)

(2,720

)

TOTAL FUNDS

980

(3,700

)

(2,720

)

Comparatives for movement in funds

Net

At

movement

At

1/12/23

in funds

30/11/24

£

Unrestricted funds

(12,637

)

2,525

(10,112

)

TOTAL FUNDS

(12,637

)

2,525

(10,112

)

Comparative net movement in funds included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

Unrestricted funds

6,682

(4,157

)

2,525

TOTAL FUNDS

6,682

(4,157

)

2,525

A current year 12 months and prior year 12 months combined position is as follows:

Net

At

movement

At

1/12/23

in funds

30/11/25

£

Unrestricted funds

(12,637

)

(195

)

(12,832

)

TOTAL FUNDS

(12,637

)

(195

)

(12,832

)

Net movement in funds included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

Unrestricted funds

7,662

(7,857

)

(195

)

TOTAL FUNDS

7,662

(7,857

)

(195

)

8.	RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 30th November 2025.