YESHIVA GEDOLA NEZER HATORAH Charity Accounts

COMPANY REGISTRATION NUMBER: 11257291

CHARITY REGISTRATION NUMBER: 1180499

YESHIVA GEDOLA NEZER HATORAH

Company Limited by Guarantee

Unaudited Financial Statements

31 March 2026

YESHIVA GEDOLA NEZER HATORAH

Company Limited by Guarantee

Financial Statements

Year ended 31 March 2026

	Page

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

Independent examiner's report to the trustees	4

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

Statement of financial position	7

Statement of cash flows	8

Notes to the financial statements	9

YESHIVA GEDOLA NEZER HATORAH

Company Limited by Guarantee

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

Year ended 31 March 2026

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 March 2026 .

Reference and administrative details

Registered charity name	YESHIVA GEDOLA NEZER HATORAH

Charity registration number	1180499

Company registration number	11257291

Principal office and registered	24 Granville Street
office	Gateshead
	NE8 4EH

The trustees

	J Brand
	S Zahn
	Z Winegarten

Independent examiner	Ian Graff FCCA Whiteside and Davies Accountants
	158 Cromwell Road
	Salford
	M6 6DE

Structure, governance and management

Yeshiva Gedola Nezer Hatorah is constituted by Memorandum and Articles of Association and is a company limited by guarantee. It was incorporated on 15 March 2018 as a company and the company number is 11257291. It was registered as a charity on 15 March 2018 with a charity number 1180499. The Trustees in office throughout the year were Mr J Brand , Mr S Zahn & Mr Z Winegarten . They were also directors for the purposes of company law. All trustees give of their time freely and no trustee remuneration was paid in the year.

Recruitment and appointment of new trustees would be in line with the Trust Deed 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.

Objectives and activities

Yeshiva Gedola Nezer Hatorah was set up to:

Advance the education and training of young people in subjects which will develop their capacity and skills to reach their full potential,

Provide facilities in the interests of social welfare for recreation or other leisure time occupation of individuals who have need for such facilities by reason of their youth, age, financial hardship or social circumstances with the object of improving their conditions of life,

Relieve financial hardship in such ways as the trustees shall determine, in particular but not exclusively by the provision of grants.

Strategic report

The following sections for achievements and performance and financial review form the strategic report of the charity.

Achievements and performance

During the year, the charity received £440,222 (2025 - £458,054) in donations and £118,587 (2025 - £123,007) in restricted grants. Charitable expenditure was £507,661 slightly lower than last year in line with a decrease in income.

The charity continued distribution of its charitable funds in accordance with its objectives. This year the charity concentrated on the advancement of education for young people and providing facilities for recreation or other leisure time in accordance with need.

Additionally, the charity also helped relieve financial hardship through the provision of grants made to individuals.

There was an overall net surplus in resources during the year amounting to £53,003.

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.

Financial 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 the charity's exposure to those risks.

Restricted reserves at 31 March 2026 was £192,098 of which zero are free reserves and unrestricted reserves at the year end was £578,062 to bring a total carried forward reserves balance of £770,160 (2025 - £717,157).

The trustees aim to maintain free reserves in unrestricted funds at a level which equates to approximately three months of unrestricted charitable expenditure and they feel fortunate in having been able to maintain that level of reserves.

Plans for future periods

As part of ongoing plans for the future, we are looking to carry on with our successful work and are constantly fundraising to cover our expenses.

The trustees' annual report and the strategic report were approved on 2 July 2026 and signed on behalf of the board of trustees by:

Z Winegarten

Trustee

YESHIVA GEDOLA NEZER HATORAH

Company Limited by Guarantee

Independent Examiner's Report to the Trustees of YESHIVA GEDOLA NEZER HATORAH

Year ended 31 March 2026

I report to the trustees on my examination of the financial statements of YESHIVA GEDOLA NEZER HATORAH ('the charity') for the year ended 31 March 2026.

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

Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or

2. the financial statements do not accord with those records; or

3. the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination; or

4. the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Ian Graff FCCA Whiteside and Davies Accountants

Independent Examiner

158 Cromwell Road Salford M6 6DE

2 July 2026

YESHIVA GEDOLA NEZER HATORAH

Company Limited by Guarantee

Statement of Financial Activities

(including income and expenditure account)

Year ended 31 March 2026

	2026			2025
	Unrestricted funds	Restricted funds	Total funds	Total funds
Note	£	£	£	£

Income and endowments

Donations and legacies	5	440,222	118,587	558,809	581,061
Other trading activities	6	1,855	–	1,855	–
		---------	---------	---------	---------
Total income		442,077	118,587	560,664	581,061
		---------	---------	---------	---------

Expenditure

Expenditure on raising funds:

	Costs of raising donations and legacies	7	1,089	–	1,089	–
Expenditure on charitable activities		8,9	387,985	118,587	506,572	550,391
			---------	---------	---------	---------
Total expenditure			389,074	118,587	507,661	550,391
			---------	---------	---------	---------

	---------	---------	---------	---------
Net income and net movement in funds	53,003	–	53,003	30,670
	---------	---------	---------	---------

Reconciliation of funds

Total funds brought forward	525,059	192,098	717,157	686,487
	---------	---------	---------	---------
Total funds carried forward	578,062	192,098	770,160	717,157
	---------	---------	---------	---------

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

All income and expenditure derive from continuing activities.

YESHIVA GEDOLA NEZER HATORAH

Company Limited by Guarantee

Statement of Financial Position

31 March 2026

	2026	2025
Note	£	£

Fixed assets

Tangible fixed assets	16	978,322	972,791

Current assets

Debtors	17	3,738	–
Cash at bank and in hand		35,123	32,241
		--------	--------
		38,861	32,241

Creditors: amounts falling due within one year	18	3,273	16,726
		--------	--------
Net current assets (liabilities)		35,588	15,515
		------------	---------
Total assets less current liabilities		1,013,910	988,306

Creditors: amounts falling due after more than one year	19	243,750	271,149
		------------	---------
Net assets		770,160	717,157
		------------	---------

Funds of the charity

Restricted funds		192,098	192,098
Unrestricted funds		578,062	525,059
		---------	---------
Total charity funds	21	770,160	717,157
		---------	---------

For the year ending 31 March 2026 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 2 July 2026 , and are signed on behalf of the board by:

Z Winegarten

Trustee

YESHIVA GEDOLA NEZER HATORAH

Company Limited by Guarantee

Statement of Cash Flows

Year ended 31 March 2026

	2026	2025
	£	£

Cash flows from operating activities

Net income	53,003	30,670

Adjustments for:
Depreciation of tangible fixed assets	5,643	4,260
Interest payable and similar charges	20,206	21,937
Accrued income	( 15,164)	( 165)

Changes in:
Trade and other creditors	( 2,027)	2,824
	--------	--------
Cash generated from operations	61,661	59,526

Interest paid	( 20,206)	( 21,937)
	--------	--------
Net cash from operating activities	41,455	37,589
	--------	--------

Cash flows from investing activities

Purchase of tangible assets	( 11,174)	( 2,923)
Proceeds from sale of tangible assets	–	480
	--------	--------
Net cash used in investing activities	( 11,174)	( 2,443)
	--------	--------

Cash flows from financing activities

Proceeds from borrowings	( 27,399)	( 26,150)
	--------	--------
Net cash used in financing activities	( 27,399)	( 26,150)
	--------	--------

Net increase in cash and cash equivalents	2,882	8,996
Cash and cash equivalents at beginning of year	32,241	23,245
	--------	--------
Cash and cash equivalents at end of year	35,123	32,241
	--------	--------

YESHIVA GEDOLA NEZER HATORAH

Company Limited by Guarantee

Notes to the Financial Statements

Year ended 31 March 2026

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 24 Granville Street, Gateshead, NE8 4EH.

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.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Fixtures and fittings	-	20% reducing balance

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. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.

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 charity is a company limited by guarantee and has no share capital. The liability of each member in the event of winding up is limited to £1.

5. Donations and legacies

Unrestricted Funds	Restricted Funds	Total Funds 2026
£	£	£

Donations

	Donations	440,222	–	440,222

Grants

CST security grant	–	118,587	118,587
	---------	---------	---------
	440,222	118,587	558,809
	---------	---------	---------

Unrestricted Funds	Restricted Funds	Total Funds 2025
£	£	£

Donations

	Donations	458,054	–	458,054

Grants

CST security grant	–	123,007	123,007
	---------	---------	---------
	458,054	123,007	581,061
	---------	---------	---------

6. Other trading activities

	Unrestricted Funds	Total Funds 2026	Unrestricted Funds	Total Funds 2025
	£	£	£	£
Letting and licensing	1,855	1,855	–	–
	-------	-------	----	----

7. Costs of raising donations and legacies

	Unrestricted Funds	Total Funds 2026	Unrestricted Funds	Total Funds 2025
	£	£	£	£
Costs of raising donations and legacies - Donations	1,089	1,089	–	–
	-------	-------	----	----

8. Expenditure on charitable activities by fund type

	Unrestricted Funds	Restricted Funds	Total Funds 2026
	£	£	£
Charitable activity	353,576	118,587	472,163
Support costs	34,409	–	34,409
	---------	---------	---------
	387,985	118,587	506,572
	---------	---------	---------

	Unrestricted Funds	Restricted Funds	Total Funds 2025
	£	£	£
Charitable activity	390,296	124,346	514,642
Support costs	35,749	–	35,749
	---------	---------	---------
	426,045	124,346	550,391
	---------	---------	---------

9. Expenditure on charitable activities by activity type

	Activities undertaken directly	Grant funding of activities	Support costs	Total funds 2026	Total fund 2025
	£	£	£	£	£
Charitable activity	462,003	10,160	32,605	504,768	548,771
Governance costs	–	–	1,804	1,804	1,620
	---------	--------	--------	---------	---------
	462,003	10,160	34,409	506,572	550,391
	---------	--------	--------	---------	---------

10. Analysis of support costs

	Analysis of support costs	Total 2026	Total 2025
	£	£	£
Communications and IT	1,057	1,057	–
General office	4,499	4,499	5,830
Finance costs	20,206	20,206	21,937
Governance costs	1,804	1,804	1,620
Legal and professional	1,200	1,200	654
Depreciation	5,643	5,643	4,260
Advertising & PR	–	–	1,448
	--------	--------	--------
	34,409	34,409	35,749
	--------	--------	--------

11. Analysis of grants

	2026	2025
	£	£

Grants to individuals

Grants to individuals	10,160	11,100
	--------	--------
Total grants	10,160	11,100
	--------	--------

12. Net income

Net income is stated after charging/(crediting):

	2026	2025
	£	£
Depreciation of tangible fixed assets	5,643	4,260
	-------	-------

13. Independent examination fees

	2026	2025
	£	£

Fees payable to the independent examiner for:

Independent examination of the financial statements	1,804	1,620
	-------	-------

14. Staff costs

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

	2026	2025
	£	£
Wages and salaries	139,660	131,479
Employer contributions to pension plans	304	–
	---------	---------
	139,964	131,479
	---------	---------

The average head count of employees during the year was 15 (2025: 16 ).

No employee received employee benefits of more than £60,000 during the year (2025: Nil).

15. Trustee remuneration and expenses

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

16. Tangible fixed assets

	Freehold property	Fixtures and fittings	Total
	£	£	£
Cost
At 1 April 2025	955,750	32,458	988,208
Additions	–	11,174	11,174
	---------	--------	---------
At 31 March 2026	955,750	43,632	999,382
	---------	--------	---------
Depreciation
At 1 April 2025	–	15,417	15,417
Charge for the year	–	5,643	5,643
	---------	--------	---------
At 31 March 2026	–	21,060	21,060
	---------	--------	---------
Carrying amount
At 31 March 2026	955,750	22,572	978,322
	---------	--------	---------
At 31 March 2025	955,750	17,041	972,791
	---------	--------	---------

The trustees consider that the market value of the charity's property may have increased since the last valuation. As no formal valuation had been obtained at the balance sheet date, no adjustment has been made to the Statement of Financial Position. A professional revaluation is to be made in the next financial period.

17. Debtors

	2026	2025
	£	£
Prepayments and accrued income	3,738	–
	-------	----

18. Creditors: amounts falling due within one year

	2026	2025
	£	£
Trade creditors	1,194	3,196
Accruals and deferred income	2,079	13,505
Social security and other taxes	–	25
	-------	--------
	3,273	16,726
	-------	--------

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

	2026	2025
	£	£
Bank loans and overdrafts	243,750	271,149
	---------	---------

20. 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 £ 304 (2025: £Nil).

21. Analysis of charitable funds

Unrestricted funds

	At 1 April 2025	Income	Expenditure	At 31 March 2026
	£	£	£	£
General funds	525,059	442,077	(389,074)	578,062
	---------	---------	---------	---------

	At 1 April 2024	Income	Expenditure	At 31 March 2025
	£	£	£	£
General funds	493,050	458,054	(426,045)	525,059
	---------	---------	---------	---------

Restricted funds

	At 1 April 2025	Income	Expenditure	At 31 March 2026
	£	£	£	£
Restricted Fund	192,098	118,587	(118,587)	192,098
	---------	---------	---------	---------

	At 1 April 2024	Income	Expenditure	At 31 March 2025
	£	£	£	£
Restricted Fund	193,437	123,007	(124,346)	192,098
	---------	---------	---------	---------

22. Analysis of net assets between funds

	Unrestricted Funds	Restricted Funds	Total Funds 2026
	£	£	£
Tangible fixed assets	786,224	192,098	978,322
Current assets	38,861	–	38,861
Creditors less than 1 year	(3,273)	–	(3,273)
Creditors greater than 1 year	(243,750)	–	(243,750)
	---------	---------	---------
Net assets	578,062	192,098	770,160
	---------	---------	---------

	Unrestricted Funds	Restricted Funds	Total Funds 2025
	£	£	£
Tangible fixed assets	780,692	192,098	972,790
Current assets	32,242	–	32,242
Creditors less than 1 year	(16,726)	–	(16,726)
Creditors greater than 1 year	(271,149)	–	(271,149)
	---------	---------	---------
Net assets	525,059	192,098	717,157
	---------	---------	---------

23. Analysis of changes in net debt

	At 1 Apr 2025	Cash flows	At 31 Mar 2026
	£	£	£
Cash at bank and in hand	32,241	2,882	35,123
Debt due after one year	(271,149)	27,399	(243,750)
	---------	--------	---------
	( 238,908)	30,281	( 208,627)
	---------	--------	---------