THE GATESHEAD KEHILLA (G.H.C) LIMITED Charity Accounts

COMPANY REGISTRATION NUMBER: 10756278

CHARITY REGISTRATION NUMBER: 1177090

THE GATESHEAD KEHILLA (G.H.C) LIMITED

Company Limited by Guarantee

Unaudited Financial Statements

31 January 2026

THE GATESHEAD KEHILLA (G.H.C) LIMITED

Company Limited by Guarantee

Financial Statements

Year ended 31 January 2026

	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)	5

Statement of financial position	6

Statement of cash flows	7

Notes to the financial statements	8

THE GATESHEAD KEHILLA (G.H.C) LIMITED

Company Limited by Guarantee

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

Year ended 31 January 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 January 2026 .

Reference and administrative details

Registered charity name	THE GATESHEAD KEHILLA (G.H.C) LIMITED

Charity registration number	1177090

Company registration number	10756278

Principal office and registered	Hebrew Congregational Synagogue
office	180 Bewick Road
	Gateshead
	NE8 1UF

The trustees

	B Davis
	Mr M Bodner
	J R Bernstein

Independent examiner	Ian Graff FCCA
	158 Cromwell Road
	Salford
	M6 6DE

Structure, governance and management

The Trustees in office throughout the year were Mr J Bernstein, Mr M Bodner & Mr B Davis . Mr J Bernstein & Mr B Davis were also directors for the purposes of company law. The charity is constituted as a company limited by guarantee and was incorporated on 5th May 2017. It is therefore governed by a Memorandum and Articles of Association as amended by special resolution dated 29 Jan 2018.

Objectives and activities

The objects of the Company/charity are the advancement of Orthodox Judaism in particular (but not exclusively):

(1) building, supporting and maintaining synagogues under the religious auspices of the GHC, in which prayer services are held and religious festivals and life cycle events are celebrated.(2) building, supporting and maintaining all and any facilities and services as may be necessary in order to facilitate and assist the communal and individual practice of Orthodox Judaism,(3) supporting and maintaining educational institutions, events and programmes which educate the Orthodox Jewish community, the wider Jewish community and members of the general public on the teachings and practice of Orthodox Judaism,

(4) The prevention or relief of poverty or financial hardship in the north of England by providing: grants or loans to individuals in need and/or charities, or other organisations working to prevent or relieve poverty or financial hardship.

Strategic report

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

Achievements and performance

The Charity undertook a range of activities in furtherance of its charitable objectives, including providing numerous grants to individuals and institutions for the prevention and relief of poverty, as well as supplying Matzos to the Kehilla. In addition, the Charity’s premises were used for various communal activities and events supporting the practice of Orthodox Judaism. The Trustees are satisfied that these activities, as detailed in the Annual Report, have provided benefit to the public.

Financial review

Income of £501,318 (2025 - £529,940) was received during the period. Direct charitable expenditure was slightly lower than the prior year in line with the slight decrease in income. Support costs are kept low to maximise direct charitable expenditure. Governance costs relate to accountancy fees and independent examiner's fees. Funds are available to permit the charity to continue in operation in the medium to long term and to continue to fund worthwhile projects. Arrangements are in hand to continue to raise funds to finance the charity's activities and projects.

The trustees consider that the results set out in the attached accounts are satisfactory. They are of the opinion that the balance on the reserves are sufficient to meet any future commitments under the terms of funding. It is the policy of the charity to maintain unrestricted funds at a level which covers current commitments under the terms of their funding.

The trustees' annual report and the strategic report were approved on 15 October 2026 and signed on behalf of the board of trustees by:

B Davis

Trustee

THE GATESHEAD KEHILLA (G.H.C) LIMITED

Company Limited by Guarantee

Independent Examiner's Report to the Trustees of THE GATESHEAD KEHILLA (G.H.C) LIMITED

Year ended 31 January 2026

I report to the trustees on my examination of the financial statements of THE GATESHEAD KEHILLA (G.H.C) LIMITED ('the charity') for the year ended 31 January 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 Independent Examiner

158 Cromwell Road Salford M6 6DE

15 October 2026

THE GATESHEAD KEHILLA (G.H.C) LIMITED

Company Limited by Guarantee

Statement of Financial Activities

(including income and expenditure account)

Year ended 31 January 2026

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

Income and endowments

Donations and legacies	5	360,271	6,482	366,753	381,309
Charitable activities	6	134,565	–	134,565	148,631
		---------	-------	---------	---------
Total income		494,836	6,482	501,318	529,940
		---------	-------	---------	---------

Expenditure

Expenditure on raising funds:

	Costs of raising donations and legacies	7	3,942	–	3,942	2,217
Expenditure on charitable activities		8,9	479,893	6,377	486,270	510,820
			---------	-------	---------	---------
Total expenditure			483,835	6,377	490,212	513,037
			---------	-------	---------	---------

	---------	-------	---------	---------
Net income and net movement in funds	11,001	105	11,106	16,903
	---------	-------	---------	---------

Reconciliation of funds

Total funds brought forward	327,324	–	327,324	310,421
	---------	-------	---------	---------
Total funds carried forward	338,325	105	338,430	327,324
	---------	-------	---------	---------

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

All income and expenditure derive from continuing activities.

THE GATESHEAD KEHILLA (G.H.C) LIMITED

Company Limited by Guarantee

Statement of Financial Position

31 January 2026

	2026	2025
Note	£	£

Fixed assets

Tangible fixed assets	16	251,481	251,852

Current assets

Debtors	17	277,701	261,867
Cash at bank and in hand		12,038	14,037
		---------	---------
		289,739	275,904

Creditors: amounts falling due within one year	18	178,348	170,350
		---------	---------
Net current assets		111,391	105,554
		---------	---------
Total assets less current liabilities		362,872	357,406

Creditors: amounts falling due after more than one year	19	24,442	30,082
		---------	---------
Net assets		338,430	327,324
		---------	---------

Funds of the charity

Restricted funds		105	–
Unrestricted funds		338,325	327,324
		---------	---------
Total charity funds	20	338,430	327,324
		---------	---------

For the year ending 31 January 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 15 October 2026 , and are signed on behalf of the board by:

B Davis

Trustee

THE GATESHEAD KEHILLA (G.H.C) LIMITED

Company Limited by Guarantee

Statement of Cash Flows

Year ended 31 January 2026

	2026	2025
	£	£

Cash flows from operating activities

Net income	11,106	16,903

Adjustments for:
Depreciation of tangible fixed assets	371	463
Interest payable and similar charges	2,035	6,399
Accrued expenses	7,258	–

Changes in:
Trade and other debtors	( 15,834)	9,728
Trade and other creditors	740	( 10,972)
	--------	--------
Cash generated from operations	5,676	22,521

Interest paid	( 2,035)	( 6,399)
	-------	--------
Net cash from operating activities	3,641	16,122
	-------	--------

Cash flows from financing activities

Proceeds from borrowings	( 5,640)	( 5,640)
	-------	--------
Net cash used in financing activities	( 5,640)	( 5,640)
	-------	--------

Net (decrease)/increase in cash and cash equivalents	( 1,999)	10,482
Cash and cash equivalents at beginning of year	14,037	3,555
	--------	--------
Cash and cash equivalents at end of year	12,038	14,037
	--------	--------

THE GATESHEAD KEHILLA (G.H.C) LIMITED

Company Limited by Guarantee

Notes to the Financial Statements

Year ended 31 January 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 Hebrew Congregational Synagogue, 180 Bewick Road, Gateshead, NE8 1UF.

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.

4. Limited by guarantee

The organisation is a charitable company limited by guarantee, in the event of the company being wound up members are required to contribute an amount not exceeding £10.

5. Donations and legacies

Unrestricted Funds	Restricted Funds	Total Funds 2026
£	£	£

Donations

	Donations	360,271	–	360,271

Grants

Grants receivable	–	6,482	6,482
	---------	-------	---------
	360,271	6,482	366,753
	---------	-------	---------

Unrestricted Funds	Restricted Funds	Total Funds 2025
£	£	£

Donations

	Donations	374,842	–	374,842

Grants

Grants receivable	–	6,467	6,467
	---------	-------	---------
	374,842	6,467	381,309
	---------	-------	---------

6. Charitable activities

	Unrestricted Funds	Total Funds 2026	Unrestricted Funds	Total Funds 2025
	£	£	£	£
Sale of goods/services as part of direct charitable activities	134,565	134,565	148,631	148,631
	---------	---------	---------	---------

7. Costs of raising donations and legacies

	Unrestricted Funds	Total Funds 2026	Unrestricted Funds	Total Funds 2025
	£	£	£	£
Costs of raising donations and legacies - Donations	3,942	3,942	2,217	2,217
	-------	-------	-------	-------

8. Expenditure on charitable activities by fund type

	Unrestricted Funds	Restricted Funds	Total Funds 2026
	£	£	£
Charitable activities	424,762	6,377	431,139
Support costs	55,131	–	55,131
	---------	-------	---------
	479,893	6,377	486,270
	---------	-------	---------

	Unrestricted Funds	Restricted Funds	Total Funds 2025
	£	£	£
Charitable activities	455,923	6,914	462,837
Support costs	47,983	–	47,983
	---------	-------	---------
	503,906	6,914	510,820
	---------	-------	---------

9. Expenditure on charitable activities by activity type

	Activities undertaken directly	Grant funding of activities	Support costs	Total funds 2026	Total fund 2025
	£	£	£	£	£
Charitable activities	308,053	123,086	53,567	484,706	505,442
Governance costs	–	–	1,564	1,564	5,378
	---------	---------	--------	---------	---------
	308,053	123,086	55,131	486,270	510,820
	---------	---------	--------	---------	---------

10. Analysis of support costs

	Analysis of support costs	Total 2026	Total 2025
	£	£	£
General office	11,220	11,220	4,901
Finance costs	2,035	2,035	6,399
Governance costs	1,564	1,564	5,378
Insurance	5,157	5,157	4,954
Motor and travel	5,544	5,544	1,392
Legal and professional	28,825	28,825	23,328
Telephone	786	786	1,631
	--------	--------	--------
	55,131	55,131	47,983
	--------	--------	--------

11. Analysis of grants

	2026	2025
	£	£

Grants to institutions

Gateshead Cost Shop	16,000	16,000
Institute for higher Rabbinical Studies	4,500	19,500
Bederech Kovod	12,000	1,750
Ichud	275	200
Help Aniyim	15,000	–
YAMF Fund	–	6,000
GKBF	69,311	52,000
	---------	--------
	117,086	95,450

Grants to individuals

Grants to individuals	6,000	41,889
	---------	---------
Total grants	123,086	137,339
	---------	---------

12. Net income

Net income is stated after charging/(crediting):

	2026	2025
	£	£
Depreciation of tangible fixed assets	371	463
	----	----

13. Independent examination fees

	2026	2025
	£	£

Fees payable to the independent examiner for:

Independent examination of the financial statements	1,564	1,500
	-------	-------

14. Staff costs

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

	2026	2025
	£	£
Wages and salaries	108,889	123,078
	---------	---------

The average head count of employees during the year was 10 (2025: 10 ). The average number of full-time equivalent employees during the year is analysed as follows:

	2026	2025
	No.	No.
Number of staff - type 1	10	10
	----	----

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 February 2025 and 31 January 2026	250,000	2,315	252,315
	---------	-------	---------
Depreciation
At 1 February 2025	–	463	463
Charge for the year	–	371	371
	---------	-------	---------
At 31 January 2026	–	834	834
	---------	-------	---------
Carrying amount
At 31 January 2026	250,000	1,481	251,481
	---------	-------	---------
At 31 January 2025	250,000	1,852	251,852
	---------	-------	---------

17. Debtors

	2026	2025
	£	£
Other debtors	277,701	261,867
	---------	---------

18. Creditors: amounts falling due within one year

	2026	2025
	£	£
Accruals and deferred income	7,258	–
Social security and other taxes	740	–
Other creditors	170,350	170,350
	---------	---------
	178,348	170,350
	---------	---------

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

	2026	2025
	£	£
Bank loans and overdrafts	24,442	30,082
	--------	--------

20. Analysis of charitable funds

Unrestricted funds

	At 1 February 2025	Income	Expenditure	At 31 January 2026
	£	£	£	£
General funds	327,324	494,836	(483,835)	338,325
	---------	---------	---------	---------

	At 1 February 2024	Income	Expenditure	At 31 January 2025
	£	£	£	£
General funds	309,974	523,473	(506,123)	327,324
	---------	---------	---------	---------

Restricted funds

	At 1 February 2025	Income	Expenditure	At 31 January 2026
	£	£	£	£
Restricted Funds	–	6,482	(6,377)	105
	----	-------	-------	----

	At 1 February 2024	Income	Expenditure	At 31 January 2025
	£	£	£	£
Restricted Funds	447	6,467	(6,914)	–
	----	-------	-------	----

21. Analysis of net assets between funds

	Unrestricted Funds	Restricted Funds	Total Funds 2026
	£	£	£
Tangible fixed assets	251,481	–	251,481
Current assets	289,634	105	289,739
Creditors less than 1 year	(178,348)	–	(178,348)
Creditors greater than 1 year	(24,442)	–	(24,442)
	---------	----	---------
Net assets	338,325	105	338,430
	---------	----	---------

	Unrestricted Funds	Restricted Funds	Total Funds 2025
	£	£	£
Tangible fixed assets	251,852	–	251,852
Current assets	275,904	–	275,904
Creditors less than 1 year	(170,350)	–	(170,350)
Creditors greater than 1 year	(30,082)	–	(30,082)
	---------	----	---------
Net assets	327,324	–	327,324
	---------	----	---------

22. Analysis of changes in net debt

	At 1 Feb 2025	Cash flows	At 31 Jan 2026
	£	£	£
Cash at bank and in hand	14,037	(1,999)	12,038
Debt due after one year	(30,082)	5,640	(24,442)
	--------	-------	--------
	( 16,045)	3,641	( 12,404)
	--------	-------	--------