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COMPANY REGISTRATION NUMBER: 1512583
CHARITY REGISTRATION NUMBER: 280958
Stervon Limited
Company Limited by Guarantee
Unaudited Financial Statements
31 December 2025
Stervon Limited
Company Limited by Guarantee
Financial Statements
Year ended 31 December 2025
Pages
Trustees' annual report (incorporating the director's report)
1 to 3
Independent examiner's report to the trustees
4
Statement of financial activities (including income and expenditure account)
5
Statement of financial position
6
Notes to the financial statements
7 to 12
Stervon Limited
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
Stervon Limited
Charity registration number
280958
Company registration number
1512583
Principal office and registered
109 St Annes Road
office
Prestwich
Manchester
M25 9GE
The trustees
A Reich
G Rothbart
Independent examiner
Howard Schwalbe ACA
2nd Floor - Parkgates
Bury New Road
Prestwich
Manchester
M25 0TL
Structure, governance and management
Stervon Limited is constituted by Memorandum and Articles of Association and is a company limited by guarantee. It was incorporated on 14 August 1980 as a company and the company number is 01512583. It was registered as a charity on 17 September 1980 with a charity number 280958.
Recruitment and appointment of new trustees would be in line with the Trust Deed and with the consent of the trustees. A new trustee would receive copies of the previous years' Annual Report and Accounts and a copy of the Charity Commission leaflet 'The Essential Trustee : What you need to know'.
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.
Objectives and activities
The objectives of the charity are the relief of poverty and the advancement of religion in accordance with the Orthodox Jewish faith.
Public Benefit Policy
We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities.
Grant Making Policy
Grants are made to charitable institutions and organisations which accord with the objects of the charity.
Investment Powers and Policy and Objectives
Under the memorandum and articles of association, the charity has the power to make any investment which the Trustees see fit. The Trustees regularly review the Charity's position and needs in respect of the investment policy.
Achievements and performance
During the year, the charity received donations of £135,260 (2024: £253,965), and investment income of £7,000.
During the year the charity made grants totalling £113,140 (2024: £263,830) in furtherance of its objectives.
The charity incurred governance costs comprising professional fees during the year.
There were no investments made during the year.
Grants made during the year are disclosed in the notes to the accounts.
There were no material fundraising costs during the year.
Related party transactions area as reported in the notes to the accounts.
There was a net income and net movement in funds for the year amounting to £26,664 (2024: (£5,310)).
Financial review
As at 31 December 2025 the charity held free unrestricted reserves of £120,955 (2024: £94,291).
Total funds held by the charity at the year end were £120,959 (2024: £94,295).
Reserves Policy
The unrestricted fund represents the unrestricted funds arising from past operating results.
Grants are distributed in relation to monies received and there are no prior commitments regarding any specific charity other than to distribute approximately 80% of its annual income and retain the balance to meet unforeseen demands or shortfalls in income so as to enable the charity to become self-financing.
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
The trustees' annual report was approved on 29 October 2026 and signed on behalf of the board of trustees by:
A Reich
Trustee
Stervon Limited
Company Limited by Guarantee
Independent Examiner's Report to the Trustees of Stervon Limited
Year ended 31 December 2025
I report to the trustees on my examination of the financial statements of Stervon Limited ('the charity') for the year ended 31 December 2025.
Responsibilities and basis of report
The trustees are also the directors of the company for the purposes of company law are responsible for the preparation of the financial statements. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. Independent examiner's statement - matter of concern identified
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.
Howard Schwalbe ACA Independent Examiner
2nd Floor - Parkgates Bury New Road Prestwich Manchester M25 0TL
29 October 2026
Stervon Limited
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
135,260
135,260
253,965
Investment income
6
7,000
7,000
7,000
---------
---------
---------
Total income
142,260
142,260
260,965
---------
---------
---------
Expenditure
Expenditure on charitable activities
7,8
115,596
115,596
266,275
---------
---------
---------
Total expenditure
115,596
115,596
266,275
---------
---------
---------
---------
---------
---------
Net income/(expenditure) and net movement in funds
26,664
26,664
( 5,310)
---------
---------
---------
Reconciliation of funds
Total funds brought forward
94,295
94,295
99,605
---------
---------
---------
Total funds carried forward
120,959
120,959
94,295
---------
---------
---------
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
Stervon Limited
Company Limited by Guarantee
Statement of Financial Position
31 December 2025
2025
2024
Note
£
£
£
Fixed assets
Investments
14
4
4
Current assets
Debtors
16
90,522
83,522
Cash at bank and in hand
45,416
27,972
---------
---------
135,938
111,494
Creditors: amounts falling due within one year
17
14,983
17,203
---------
---------
Net current assets
120,955
94,291
---------
--------
Total assets less current liabilities
120,959
94,295
---------
--------
Net assets
120,959
94,295
---------
--------
Funds of the charity
Unrestricted funds
120,959
94,295
---------
--------
Total charity funds
18
120,959
94,295
---------
--------
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 29 October 2026 , and are signed on behalf of the board by:
A Reich
Trustee
Stervon Limited
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 109 St Annes Road, Prestwich, Manchester, M25 9GE.
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.
Consolidation
The charity is not required to prepare consolidated accounts in accordance with the Charities Act 2011, and has taken advantage of the option not to prepare consolidated financial statements contained in Section 399 of the Companies Act 2006 on the basis that the charity and its subsidiary undertakings comprise a small group.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements did not require management to make judgements, estimates or assumptions that affect the amounts reported at the year end.
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 income is 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.
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.
Investments
Unlisted equity investments are initially recorded at cost, and subsequently measured at fair value. If fair value cannot be reliably measured, assets are measured at cost less impairment.
Listed investments are measured at fair value with changes in fair value being recognised in income or expenditure.
Financial instruments
A financial asset or a financial liability is recognised only when the entity 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, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
4. Limited by guarantee
The Charity is a company limited by guarantee and has no share capital.
5. Donations and legacies
Unrestricted Funds
Total Funds 2025
Unrestricted Funds
Total Funds 2024
£
£
£
£
Donations
Donations
135,260
135,260
253,965
253,965
---------
---------
---------
---------
6. Investment income
Unrestricted Funds
Total Funds 2025
Unrestricted Funds
Total Funds 2024
£
£
£
£
Interest on loans to group undertakings
7,000
7,000
7,000
7,000
-------
-------
-------
-------
7. Expenditure on charitable activities by fund type
Unrestricted Funds
Total Funds 2025
Unrestricted Funds
Total Funds 2024
£
£
£
£
Charitable activities
113,626
113,626
264,263
264,263
Support costs
1,970
1,970
2,012
2,012
---------
---------
---------
---------
115,596
115,596
266,275
266,275
---------
---------
---------
---------
8. Expenditure on charitable activities by activity type
Activities undertaken directly
Grant funding of activities
Support costs
Total funds 2025
Total fund 2024
£
£
£
£
£
Charitable activities
486
113,140
170
113,796
264,475
Governance costs
–
–
1,800
1,800
1,800
----
---------
-------
---------
---------
486
113,140
1,970
115,596
266,275
----
---------
-------
---------
---------
9. Analysis of support costs
Analysis of support costs activity 1
Total 2025
Total 2024
£
£
£
General office
170
170
212
Governance costs
1,800
1,800
1,800
-------
-------
-------
1,970
1,970
2,012
-------
-------
-------
10. Analysis of grants
2025
2024
£
£
Grants to institutions
Amud Hatzdoko
15,180
18,800
Beis Aharon
–
10,000
Beth Jacob Grammar school
13,000
10,800
Chasdei Aharon
–
10,000
Chasdei Sholom
–
10,000
Chasdei Yoel
–
10,000
Chesed Shel Emes
–
15,000
College For Higher Rabbinical Studies
–
10,000
Grants under £10,000
59,860
42,430
Kupas Hachessed
–
20,000
Shaarei Chesed
–
15,000
Start Upright
–
10,000
The Machzikei Hadass Communities
25,100
51,800
Twilight Kindness
–
15,000
Yad Vochesed
–
15,000
---------
---------
113,140
263,830
---------
---------
Total grants
113,140
263,830
---------
---------
The above grants were made to institutions and went towards the following purposes; the relief of poverty, relief of those in need by reason of ill health or disability, the advancement of Jewish religion and the advancement of Jewish religious education.
11. Independent examination fees
2025
2024
£
£
Fees payable to the independent examiner for:
Independent examination of the financial statements
1,800
1,800
-------
-------
12. Staff costs
Nil Nil
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).
13. Trustee remuneration and expenses
No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.
14. Investments
Shares in group undertakings
£
Cost or valuation
At 1 January 2025 and 31 December 2025
4
----
Impairment
At 1 January 2025 and 31 December 2025
–
----
Carrying amount
At 31 December 2025
4
----
At 31 December 2024
4
----
All investments shown above are held at valuation.
15. Investment entities
Subsidiaries and other investments
Registered office
Class of share
Percentage of shares held
Subsidiary undertakings
Toncar Limited
109 St. Anns Road
Ordinary
100
Manchester
Lancs
M25 9GE
Doubletex Trading Limited
2nd Floor, Parkgates
Ordinary
100
Bury New Road
Manchester
M25 0TL
The results for subsidiaries and other undertakings are as follows:
Capital and reserves
Profit/(loss) for the year
2025
2024
2025
2024
£
£
£
£
Subsidiary undertakings
Toncar Limited
52,337
48,445
3,892
29,055
Doubletex Trading Limited
603,307
584,730
18,577
117,164
---------
---------
--------
---------
16. Debtors
2025
2024
£
£
Amounts owed by group undertakings
90,522
83,522
--------
--------
17. Creditors: amounts falling due within one year
2025
2024
£
£
Accruals and deferred income
4,680
6,900
Director loan accounts
10,303
10,303
--------
--------
14,983
17,203
--------
--------
18. Analysis of charitable funds
Unrestricted funds
At 1 January 2025
Income
Expenditure
At 31 December 2025
£
£
£
£
General funds
94,295
142,260
(115,596)
120,959
--------
---------
---------
---------
At 1 January 2024
Income
Expenditure
At 31 December 2024
£
£
£
£
General funds
99,605
260,965
(266,275)
94,295
--------
---------
---------
--------
19. Analysis of net assets between funds
Unrestricted Funds
Total Funds 2025
£
£
Investments
4
4
Current assets
135,938
135,938
Creditors less than 1 year
(14,983)
(14,983)
---------
---------
Net assets
120,959
120,959
---------
---------
Unrestricted Funds
Total Funds 2024
£
£
Investments
4
4
Current assets
111,494
111,494
Creditors less than 1 year
(17,203)
(17,203)
---------
---------
Net assets
94,295
94,295
---------
---------
20. Related parties
The loans due from group undertakings in Debtors are interest bearing at a rate of 7.5% per annum and are repayable on demand. During the year the charity received £7,000 in interest. Included in Creditors are amounts totalling £10,303 (2024:£10,303) owing to the trustees of the Charity, these loans are interest free and repayable on demand. Mr A Reich , trustee of Stervon is also a director of Cannon Street Estates. During the year, Cannon St Estates donated £6,880 to the charity. Mr A Reich , trustee of Stervon is also a trustee of The Machzikei Hadass Communities. During the year, the charity donated £25,100 to the Machzikei Hadass Communities. Mr A Reich , trustee of Stervon is also a director of Tikva Investments. During the year, Tikva Investments donated £7,500 to the charity. Mr A Reich , trustee of Stervon, donated £24,000 to the charity. Mr A Reich , trustee of Stervon is also a director of Tonbridge Properties Ltd. During the year, Tonbridge Properties Ltd donated £46,700 to the charity.
21. Taxation
Stervon Ltd is a registered charity and therefore is not liable to income tax on income derived from its charitable activities, as it falls within the various exemptions available to registered charities.