| REGISTERED COMPANY NUMBER: |
| REGISTERED CHARITY NUMBER: |
| REPORT OF THE TRUSTEES AND |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED |
| 30 NOVEMBER 2025 |
| FOR |
| BEIS HAMEDRASH NISHMAS YISROEL LTD |
| REGISTERED COMPANY NUMBER: |
| REGISTERED CHARITY NUMBER: |
| REPORT OF THE TRUSTEES AND |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED |
| 30 NOVEMBER 2025 |
| FOR |
| BEIS HAMEDRASH NISHMAS YISROEL LTD |
| BEIS HAMEDRASH NISHMAS YISROEL LTD |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 NOVEMBER 2025 |
| Page |
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 |
| Cash Flow Statement | 6 |
| Notes to the Cash Flow Statement | 7 |
| Notes to the Financial Statements | 8 | to | 12 |
| BEIS HAMEDRASH NISHMAS YISROEL LTD (REGISTERED NUMBER: 07079321) |
| REPORT OF THE TRUSTEES |
| FOR THE YEAR ENDED 30 NOVEMBER 2025 |
| 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 30 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 objects are specifically restricted to the advancement of the Orthodox Jewish religion for the benefit of the public, which it seeks to achieve through the holding of prayer meetings, study sessions, lectures, and the public celebration of religious festivals in accordance with the tenets of the Orthodox Jewish faith. The charity also aims to relieve financial hardship, either generally or individually, amongst the elderly or those experiencing need, hardship, or distress within the Orthodox Jewish community. This is done by making loans or grants of money to provide or pay for items, services, or facilities, or by directly providing such persons with goods or services they could not otherwise afford. In addition, the charity works to advance the education of Jewish pupils in accordance with the tenets of the Orthodox Jewish religion by providing and supporting appropriate educational facilities. |
| Public benefit |
| The Trustees confirm their compliance with the duty to have due regard to the Public Benefit guidance published by the Charity Commission when reviewing the charity's aims and objectives and in planning future activities. |
| Grantmaking |
| Grants are made to charitable institutions and organisations whose activities align with the objectives of the charity, particularly those supporting the Orthodox Jewish community through religious, educational, or welfare-based initiatives. In addition to institutional support, the charity also provides financial assistance to individuals and families experiencing hardship, especially the elderly or those facing financial distress. All grant applications are considered by the trustees with reference to the charity’s governing document and public benefit obligations. |
| ACHIEVEMENTS AND PERFORMANCE |
| Charitable activities |
| The trustees are satisfied with the charity’s performance during the year. The synagogue operated by the charity continued to hold regular prayer services, study sessions, and educational lectures, along with other religious and community programmes. These activities support the charity’s aim of advancing the Orthodox Jewish religion and education. |
| The charity slightly decreased its grantmaking activity. During the year ended 30 November 2025, grants totalling £75,125 were made, compared to £102,048 in the previous year. Of this amount, £69,995 was distributed to individuals and families in financial need, and £5,130 was granted to other charitable institutions. |
| FINANCIAL REVIEW |
| Principal funding sources |
| The trustees monitor income and expenditure closely to ensure that sufficient resources are maintained to meet ongoing commitments. Based on the current level of funding and anticipated needs, the trustees consider the financial position of the charity to be stable and sufficient to support its activities. |
| Reserves policy |
| The charity does not maintain a formal reserves policy. Funds held at the year end were retained to support planned refurbishment works after the reporting date. |
| 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. |
| Recruitment and appointment of new trustees |
| It is not the intention of the charity to appoint any new trustees. Should the situation change in the future, the trustees will apply suitable recruitment, induction and training procedures. At every trustee body meeting, time is set aside for trustee training of current significance. |
| BEIS HAMEDRASH NISHMAS YISROEL LTD (REGISTERED NUMBER: 07079321) |
| REPORT OF THE TRUSTEES |
| FOR THE YEAR ENDED 30 NOVEMBER 2025 |
| STRUCTURE, GOVERNANCE AND MANAGEMENT |
| 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. |
| REFERENCE AND ADMINISTRATIVE DETAILS |
| Registered Company number |
| Registered Charity number |
| Registered office |
| Trustees |
| Company Secretary |
| Independent Examiner |
| Melinek Fine LLP |
| Chartered Accountants |
| First Floor, Winston House |
| 349 Regents Park Road |
| London |
| N3 1DH |
| Approved by order of the board of trustees on |
| INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF |
| BEIS HAMEDRASH NISHMAS YISROEL LTD |
| Independent examiner's report to the trustees of Beis Hamedrash Nishmas Yisroel Ltd ('the Company') |
| I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 November 2025. |
| Responsibilities and basis of report |
| As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts 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 your 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 |
| Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, 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 Company as required by Section 386 of the 2006 Act; or |
| 2. | the accounts do not accord with those records; or |
| 3. | the accounts 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 accounts 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 Daniel Fine, FCA |
| Melinek Fine LLP |
| Chartered Accountants |
| First Floor, Winston House |
| 349 Regents Park Road |
| London |
| N3 1DH |
| 14 September 2026 |
| BEIS HAMEDRASH NISHMAS YISROEL LTD |
| STATEMENT OF FINANCIAL ACTIVITIES |
| FOR THE YEAR ENDED 30 NOVEMBER 2025 |
| 2025 | 2024 |
| Unrestricted | Restricted | Total | Total |
| fund | fund | funds | funds |
| Notes | £ | £ | £ | £ |
| INCOME AND ENDOWMENTS FROM |
| Donations and legacies | 2 |
| Investment income | 3 |
| Total |
| EXPENDITURE ON |
| Charitable activities | 4 |
| Charitable activities |
| NET INCOME |
| RECONCILIATION OF FUNDS |
| Total funds brought forward |
| TOTAL FUNDS CARRIED FORWARD | 529,297 |
| BEIS HAMEDRASH NISHMAS YISROEL LTD (REGISTERED NUMBER: 07079321) |
| BALANCE SHEET |
| 30 NOVEMBER 2025 |
| 2025 | 2024 |
| Unrestricted | Restricted | Total | Total |
| fund | fund | funds | funds |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Investments | 9 |
| CURRENT ASSETS |
| Debtors | 10 |
| Investments | 11 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 12 | ( |
) | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| NET ASSETS |
| FUNDS | 13 |
| Unrestricted funds | 529,297 |
| TOTAL FUNDS | 529,297 |
| The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025. |
| The members have not required the company to obtain an audit of its financial statements for the year ended 30 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 the provisions applicable to charitable companies subject to the small companies regime. |
| The financial statements were approved by the Board of Trustees and authorised for issue on |
| BEIS HAMEDRASH NISHMAS YISROEL LTD |
| CASH FLOW STATEMENT |
| FOR THE YEAR ENDED 30 NOVEMBER 2025 |
| 2025 | 2024 |
| Notes | £ | £ |
| Cash flows from operating activities |
| Cash generated from operations | 1 | 281,867 | 94,518 |
| Net cash provided by operating activities | 281,867 | 94,518 |
| Cash flows from investing activities |
| Purchase of current asset investments | (359,902 | ) | (3,875 | ) |
| Interest received | 17,874 | 11,014 |
| Net cash (used in)/provided by investing activities | (342,028 | ) | 7,139 |
| Change in cash and cash equivalents in the reporting period |
(60,161 |
) |
101,657 |
| Cash and cash equivalents at the beginning of the reporting period |
289,309 |
187,652 |
| Cash and cash equivalents at the end of the reporting period |
229,148 |
289,309 |
| BEIS HAMEDRASH NISHMAS YISROEL LTD |
| NOTES TO THE CASH FLOW STATEMENT |
| FOR THE YEAR ENDED 30 NOVEMBER 2025 |
| 1. | RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES |
| 2025 | 2024 |
| £ | £ |
| Net income for the reporting period (as per the Statement of Financial Activities) |
606,807 |
102,127 |
| Adjustments for: |
| Interest received | (17,874 | ) | (11,014 | ) |
| (Increase)/decrease in debtors | (299,001 | ) | 2,265 |
| (Decrease)/increase in creditors | (8,065 | ) | 1,140 |
| Net cash provided by operations | 281,867 | 94,518 |
| 2. | ANALYSIS OF CHANGES IN NET FUNDS |
| At 1.12.24 | Cash flow | At 30.11.25 |
| £ | £ | £ |
| Net cash |
| Cash at bank and in hand | 289,309 | (60,161 | ) | 229,148 |
| 289,309 | (60,161 | ) | 229,148 |
| Liquid resources |
| Deposits included in cash | - | - | - |
| Current asset investments | 249,747 | 359,903 | 609,650 |
| 249,747 | 359,903 | 609,650 |
| Total | 539,056 | 299,742 | 838,798 |
| BEIS HAMEDRASH NISHMAS YISROEL LTD |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 NOVEMBER 2025 |
| 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, with the exception of investments which are included at market value. |
| 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. | DONATIONS AND LEGACIES |
| 2025 | 2024 |
| £ | £ |
| Donations |
| Gift aid |
| Grants |
| Grants received, included in the above, are as follows: |
| 2025 | 2024 |
| £ | £ |
| Other grants | 6,571 | 6,730 |
| BEIS HAMEDRASH NISHMAS YISROEL LTD |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 NOVEMBER 2025 |
| 3. | INVESTMENT INCOME |
| 2025 | 2024 |
| £ | £ |
| Rents received |
| Deposit account interest |
| Curr asset inv income | 16,295 | 8,595 |
| 4. | CHARITABLE ACTIVITIES COSTS |
| Grant |
| funding of |
| activities | Support |
| Direct | (see note | costs (see |
| Costs | 5) | note 6) | Totals |
| £ | £ | £ | £ |
| Charitable activities |
| 298,182 | 75,125 | 1,165 | 374,472 |
| 5. | GRANTS PAYABLE |
| 2025 | 2024 |
| £ | £ |
| Charitable activities |
| 75,125 | 102,048 |
| 6. | SUPPORT COSTS |
| Governance |
| Finance | costs | Totals |
| £ | £ | £ |
| Charitable activities |
| 25 | 1,140 | 1,165 |
| 7. | TRUSTEES' REMUNERATION AND BENEFITS |
| There were no trustees' remuneration or other benefits for the year ended 30 November 2025 nor for the year ended 30 November 2024. |
| Trustees' expenses |
| There were no trustees' expenses paid for the year ended 30 November 2025 nor for the year ended 30 November 2024. |
| BEIS HAMEDRASH NISHMAS YISROEL LTD |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 NOVEMBER 2025 |
| 8. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
| Unrestricted | Restricted | Total |
| fund | fund | funds |
| £ | £ | £ |
| INCOME AND ENDOWMENTS FROM |
| Donations and legacies |
| Investment income |
| Total |
| EXPENDITURE ON |
| Charitable activities |
| Charitable activities |
| NET INCOME/(EXPENDITURE) | ( |
) |
| RECONCILIATION OF FUNDS |
| Total funds brought forward | 362,062 | 65,108 |
| TOTAL FUNDS CARRIED FORWARD | 529,297 | - | 529,297 |
| 9. | FIXED ASSET INVESTMENTS |
| Shares in |
| group |
| undertakings |
| £ |
| MARKET VALUE |
| Additions |
| NET BOOK VALUE |
| At 30 November 2025 | 1 |
| At 30 November 2024 | - |
| There were no investment assets outside the UK. |
| The company's investments at the balance sheet date in the share capital of companies include the following: |
| Registered office: |
| Nature of business: Development of building projects |
| % |
| Class of share: | holding |
| BEIS HAMEDRASH NISHMAS YISROEL LTD |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 NOVEMBER 2025 |
| 10. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Amounts owed by group undertakings |
| Other debtors |
| 11. | CURRENT ASSET INVESTMENTS |
| 2025 | 2024 |
| £ | £ |
| Unlisted investments | 609,650 | 249,747 |
| 12. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Other creditors |
| Accruals and deferred income |
| 13. | MOVEMENT IN FUNDS |
| Net |
| At | movement | At |
| 1.12.24 | in funds | 30.11.25 |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 529,297 | 606,807 | 1,136,104 |
| TOTAL FUNDS | 606,807 | 1,136,104 |
| Net movement in funds, included in the above are as follows: |
| Incoming | Resources | Movement |
| resources | expended | in funds |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 981,279 | (374,472 | ) | 606,807 |
| TOTAL FUNDS | ( |
) | 606,807 |
| BEIS HAMEDRASH NISHMAS YISROEL LTD |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 NOVEMBER 2025 |
| 13. | MOVEMENT IN FUNDS - continued |
| Comparatives for movement in funds |
| Net |
| At | movement | At |
| 1.12.23 | in funds | 30.11.24 |
| £ | £ | £ |
| Unrestricted fund | 362,062 | 167,235 | 529,297 |
| Restricted fund |
| Restricted Fund | 65,108 | (65,108 | ) | - |
| TOTAL FUNDS | 427,170 | 102,127 | 529,297 |
| Comparative net movement in funds included in the above are as follows: |
| Incoming | Resources | Movement |
| resources | expended | in funds |
| £ | £ | £ |
| Unrestricted fund | 509,918 | (342,683 | ) | 167,235 |
| Restricted fund |
| Restricted Fund | - | (65,108 | ) | (65,108 | ) |
| TOTAL FUNDS | 509,918 | (407,791 | ) | 102,127 |
| 14. | RELATED PARTY DISCLOSURES |
| The charity owns 100% of BHNY Design and Build Ltd. At 30 November 2025, £298,999 was due from the subsidiary. |