Timatside Ltd Charity Accounts

COMPANY REGISTRATION NUMBER: 01393709

CHARITY REGISTRATION NUMBER: 1062745

Timatside Ltd

Company Limited by Guarantee

Unaudited Financial Statements

31 December 2025

Timatside Ltd

Company Limited by Guarantee

Financial Statements

Year ended 31 December 2025

	Page

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

Independent examiner's report to the trustees	3

Statement of financial activities (including income and expenditure account)	4

Statement of financial position	5

Notes to the financial statements	6

Timatside Ltd

Company Limited by Guarantee

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

Year ended 31 December 2025

The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 December 2025 .

Reference and administrative details

Registered charity name	Timatside Ltd

Charity registration number	1062745

Company registration number	01393709

Principal office and registered	54 Stanley Road
office	Salford
	M7 4HN

The trustees

	Mr D Lobenstein
	Mrs L Heilpern
	Mr M Brunner
	Mrs P Steinhaus

Independent examiner	Meir Guttentag FCCA of Chartwell Accountants & Business Consultants LLP
	47 Bury New Road
	Prestwich
	Manchester
	M25 9JY

Structure, governance and management

Timatside Limited was incorporated on the 12th of October 1978 as a company Limited by Guarantee with company number 01393709. It was registered as a charity with the Charities Commission on the 9th of June 1997 governed by its Memorandum and Articles. The charity registration number is 1062745.

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 exposure to the major risks.

Objectives and activities

The objectives of the charity are the relief of poverty and the provision of educational grants primarily in Talmudic research.

Public benefit

The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning future activities and setting grant making policy for the year.

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 continued to fulfill its objectives by providing grants totalling £110,638 (2024: £189,145) to support charitable activities and organisations in accordance with the charity’s aims.

The charity received £21,607 in donations during the year (2024: £35,648). In addition, bank interest increased significantly to £10,558 (2024: £1,799), reflecting the charity’s cash balances and prevailing interest rates.

The Trustees remain committed to ensuring that the charity’s funds are applied effectively and in accordance with its charitable objectives.

Financial review

The charity remains in a sound financial position, with total bank balances of £636,862 at the year end (2024: £715,667).

At the year end, the charity had retained funds of approximately £676,564, before taking account of the year’s income and expenditure movements. The Trustees will continue to monitor the charity’s resources carefully to ensure that sufficient funds are available to meet its ongoing commitments and to enable it to continue making grants in support of its charitable objectives.

Reserves policy

The trustees have reviewed the reserves and future requirements of the charity. All future needs are considered together with any risks or contingencies that may exist. The trustees are confident that sufficient reserves will be generated to achieve the objectives of the charity.

The trustees' annual report and the strategic report were approved on 18 September 2026 and signed on behalf of the board of trustees by:

Mrs L Heilpern

Trustee

Timatside Ltd

Company Limited by Guarantee

Independent Examiner's Report to the Trustees of Timatside Ltd

Year ended 31 December 2025

I report to the trustees on my examination of the financial statements of Timatside Ltd ('the charity') for the year ended 31 December 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

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.

Meir Guttentag FCCA of Chartwell Accountants & Business Consultants LLP Independent Examiner

47 Bury New Road Prestwich Manchester M25 9JY

18 September 2026

Timatside Ltd

Company Limited by Guarantee

Statement of Financial Activities

(including income and expenditure account)

Year ended 31 December 2025

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

Income and endowments

Donations and legacies	5	21,607	21,607	35,648
Investment income	6	10,558	10,558	2,898
		--------	--------	--------
Total income		32,165	32,165	38,546
		--------	--------	--------

Expenditure

Expenditure on charitable activities	7,8	111,140	111,140	190,222
		---------	---------	---------
Total expenditure		111,140	111,140	190,222
		---------	---------	---------

Net gains on investments	11	–	–	( 213,008)

	---------	---------	---------
Net (expenditure)/income and net movement in funds	( 78,975)	( 78,975)	61,332
	---------	---------	---------

Reconciliation of funds

Total funds brought forward	676,564	676,564	615,232
	---------	---------	---------
Total funds carried forward	597,589	597,589	676,564
	---------	---------	---------

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

All income and expenditure derive from continuing activities.

Timatside Ltd

Company Limited by Guarantee

Statement of Financial Position

31 December 2025

	2025	2024
Note	£	£

Current assets

Cash at bank and in hand	636,862	715,667

Creditors: amounts falling due within one year	15	826	656
		---------	---------
Net current assets		636,036	715,011
		---------	---------
Total assets less current liabilities		636,036	715,011

Creditors: amounts falling due after more than one year	16	38,447	38,447
		---------	---------
Net assets		597,589	676,564
		---------	---------

Funds of the charity

Unrestricted funds		597,589	676,564
		---------	---------
Total charity funds	17	597,589	676,564
		---------	---------

For the year ending 31 December 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 18 September 2026 , and are signed on behalf of the board by:

Mrs L Heilpern

Trustee

Timatside Ltd

Company Limited by Guarantee

Notes to the Financial Statements

Year ended 31 December 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 54 Stanley Road, Salford, M7 4HN.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Companies Act 2006.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

There are no material uncertainties about the charity's ability to continue.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

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 incoming resources are 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 donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. - 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.

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.

4. Limited by guarantee

The Company is limited by guarantee and does not have share capital. In the event of winding up, the members are liable to an amount not exceeding £10.

5. Donations and legacies

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

Donations

Donations type 1	21,607	21,607	35,648	35,648
	--------	--------	--------	--------

6. Investment income

	Unrestricted Funds	Total Funds 2025	Unrestricted Funds	Total Funds 2024
	£	£	£	£
Bank interest receivable type 1	10,558	10,558	1,799	1,799
Other investment income type 1	–	–	1,099	1,099
	--------	--------	-------	-------
	10,558	10,558	2,898	2,898
	--------	--------	-------	-------

7. Expenditure on charitable activities by fund type

	Unrestricted Funds	Total Funds 2025	Unrestricted Funds	Total Funds 2024
	£	£	£	£
Grant funding activities	110,638	110,638	189,145	189,145
Support costs	502	502	1,077	1,077
	---------	---------	---------	---------
	111,140	111,140	190,222	190,222
	---------	---------	---------	---------

8. Expenditure on charitable activities by activity type

	Grant funding of activities	Support costs	Total funds 2025	Total fund 2024
	£	£	£	£
Grant funding activities	110,638	–	110,638	189,145
Governance costs	–	502	502	1,077
	---------	----	---------	---------
	110,638	502	111,140	190,222
	---------	----	---------	---------

9. Analysis of support costs

	Analysis of support costs activity 1	Total 2025	Total 2024
	£	£	£
General office	–	–	60
Governance costs	420	420	250
Support costs - Other costs type 1	82	82	767
	----	----	-------
	502	502	1,077
	----	----	-------

10. Analysis of grants

	2025	2024
	£	£

Grants to institutions

Baal Hamoin	1,800	–
Bikur Cholim	9,000	–
British Friends	3,000	–
Kol Yom Trust	71,333	–
Kolel Binyan Simcha	2,280	–
Kolel Tiferes Shmuel	1,250	–
Teshuvoh Tefillah Tzedokoh	15,000	–
Zichron Baruch	5,000	–
Grants of under £1,000	1,975	–
	---------	----
	110,638	–
	---------	----
Total grants	110,638	–
	---------	----

11. Net gains on investments

	Unrestricted Funds	Total Funds 2025	Unrestricted Funds	Total Funds 2024
	£	£	£	£
Gains/(losses) on investment property	–	–	220,705	220,705
Gains/(losses) on listed investments	–	–	(7,697)	(7,697)
	----	----	---------	---------
	–	–	213,008	213,008
	----	----	---------	---------

12. Independent examination fees

	2025	2024
	£	£

Fees payable to the independent examiner for:

Independent examination of the financial statements	420	250
	----	----

13. Staff costs

The average head count of employees during the year was Nil (2024: Nil).

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

14. Trustee remuneration and expenses

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

15. Creditors: amounts falling due within one year

	2025	2024
	£	£
Accruals and deferred income	420	250
Other creditors	406	406
	----	----
	826	656
	----	----

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

	2025	2024
	£	£
Other creditors - desc in a/cs	38,447	38,447
	--------	--------

17. Analysis of charitable funds

Unrestricted funds

	At 1 January 2025	Income	Expenditure	Gains and losses	At 31 December 2025
	£	£	£	£	£
General funds	676,564	32,165	(111,140)	–	597,589
	---------	--------	---------	----	---------

	At 1 January 2024	Income	Expenditure	Gains and losses	At 31 December 2024
	£	£	£	£	£
General funds	615,232	38,546	(190,222)	213,008	676,564
	---------	--------	---------	---------	---------

18. Analysis of net assets between funds

	Unrestricted Funds	Total Funds 2025
	£	£
Current assets	636,862	636,862
Creditors less than 1 year	(826)	(826)
Creditors greater than 1 year	(38,447)	(38,447)
	---------	---------
Net assets	597,589	597,589
	---------	---------

	Unrestricted Funds	Total Funds 2024
	£	£
Current assets	715,667	715,667
Creditors less than 1 year	(656)	(656)
Creditors greater than 1 year	(38,447)	(38,447)
	---------	---------
Net assets	676,564	676,564
	---------	---------

19. Related parties

During the year, there were no related party transactions requiring disclosure in the financial statements.