TEGHAM LIMITED Charity Accounts

COMPANY REGISTRATION NUMBER: 01570443

CHARITY REGISTRATION NUMBER: 283066

TEGHAM LIMITED

Company Limited by Guarantee

Unaudited Financial Statements

31 March 2025

TEGHAM LIMITED

Company Limited by Guarantee

Financial Statements

Year ended 31 March 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)	5

Statement of financial position	6

Notes to the financial statements	7

TEGHAM LIMITED

Company Limited by Guarantee

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

Year ended 31 March 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 March 2025 .

Reference and administrative details

Registered charity name	TEGHAM LIMITED

Charity registration number	283066

Company registration number	01570443

Principal office and registered	Hallswelle House
office	1Hallswelle Road
	NW11 0DH
	London

The trustees

	Ms N Fluss
	Mr D Fluss

Company secretary	N Fluss

Independent examiner	P P Smulovitch
	Hallswelle House
	1 Hallswelle Road
	London
	England
	NW11 0DH

Structure, governance and management

The charity is constituted as a company limited by guarantee and is therefore governed by a Memorandum and Articles of Association.

Objectives and activities

The company is a registered charity and its principal activity during the year was the distribution of its income to charities. The objects of the charity are to advance religion in accordance with Orthodox Jewish Faith and to support other charitable activities as are recognised by English Law as charitable. In furtherance of its objects the charity continued to advance and donate money and support other charities with objects similar to those detailed above. The charity is run jointly by all the trustees, who make any important decisions in tandem. The trustees meet regularly to manage the charity's affairs. There are no paid employees and all administration work is carried out on a voluntary basis by the governors.

PUBLIC BENEFIT

The trustees have considered the guidance published by the Charity Commission and believe that the charity in carrying out its objectives, fully complies with these requirements. In particular the provisions of funds for communal charitable institutions such as synagogues and homes for the elderly and infirm in accordance with the principles of traditional Judaism automatically gives rise to a public benefit. Each year the trustees review the objectives and activities of the charity to ensure that they continue to reflect these aims. In carrying out this review the trustees have considered the Charity Commission's general guidance on public benefit and in particular its supplementary public guidance on the advancement of religion for the public benefit.

Strategic report

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

Achievements and performance

The charity is organised so that the governors meet regularly to manage its affairs.There are no paid employees and all administration work is carried out on a voluntary basis by the governors.

Financial review

The statement of financial activities shows a net profit/(loss) for the year amounting to £39,244 (2024 - £(241,919) after making the substantial donations of £600,920 (2024 - £565,904). The reserves stand at £2,350,198 (2024- £2,310,954) in total. The trustees consider it prudent to retain the current level of reserves in order to generate sufficient income to be able to distribute significant funds to charity in accordance with the objects of the charity company.

RISK MANAGEMENT

The trustees have assessed the major risks to which the charity is exposed and are satisfied that systems are in place to mitigate such risks.

FUNDING

The charity does not partake in external funding activities. Funds are derived on an annual basis from investment.

Plans for future periods

The governors intend to continue performing at similar levels to current year which has been most satisfactory. Substantial donations will continue to be paid to various institutions.

The trustees' annual report and the strategic report were approved on 26 August 2025 and signed on behalf of the board of trustees by:

Mr D Fluss

Trustee

TEGHAM LIMITED

Company Limited by Guarantee

Independent Examiner's Report to the Trustees of TEGHAM LIMITED

Year ended 31 March 2025

I report to the trustees on my examination of the financial statements of TEGHAM LIMITED ('the charity') for the year ended 31 March 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

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 Institute of Chartered Accountants in England and Wales (ICAEW), 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.

P P Smulovitch Independent Examiner

Hallswelle House 1 Hallswelle Road London England NW11 0DH

26 August 2025

TEGHAM LIMITED

Company Limited by Guarantee

Statement of Financial Activities

(including income and expenditure account)

Year ended 31 March 2025

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

Income and endowments

Donations and legacies	5	281,250	281,250	241,250
Investment income	6	113,554	113,554	100,728
		---------	---------	---------
Total income		394,804	394,804	341,978
		---------	---------	---------

Expenditure

Expenditure on charitable activities	7,8	601,590	601,590	566,230
Other expenditure	9	3,970	3,970	17,667
		---------	---------	---------
Total expenditure		605,560	605,560	583,897
		---------	---------	---------

Net gains on investments	10	( 250,000)	( 250,000)	–

	---------	---------	---------
Net income/(expenditure)	39,244	39,244	( 241,919)
	---------	---------	---------

Transfers between funds	(250,000)	(250,000)	–

Other recognised gains and losses

Fair value movements	250,000	250,000	–
	---------	---------	---------
Net movement in funds	39,244	39,244	( 241,919)

Reconciliation of funds

Total funds brought forward	2,310,954	2,310,954	2,552,873
	------------	------------	------------
Total funds carried forward	2,350,198	2,350,198	2,310,954
	------------	------------	------------

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

All income and expenditure derive from continuing activities.

TEGHAM LIMITED

Company Limited by Guarantee

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible fixed assets	13		500,000	250,000

Current assets

Cash at bank and in hand	1,991,569		2,375,242

Creditors: amounts falling due within one year	14	141,371		314,288
		------------		------------
Net current assets			1,850,198	2,060,954
			------------	------------
Total assets less current liabilities			2,350,198	2,310,954
			------------	------------
Net assets			2,350,198	2,310,954
			------------	------------

Funds of the charity

Unrestricted funds		2,600,198	2,310,954
		------------	------------
Total charity funds	15	2,600,198	2,310,954
		------------	------------

For the year ending 31 March 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 26 August 2025 , and are signed on behalf of the board by:

Mr D Fluss

Trustee

TEGHAM LIMITED

Company Limited by Guarantee

Notes to the Financial Statements

Year ended 31 March 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 Hallswelle House, 1Hallswelle Road, NW11 0DH, London.

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

All fixed assets are recorded at valuation.

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 paable 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. Debt instruments are subsequently measured at amortised cost.

4. Limited by guarantee

Tegham Limited is a company limited by guarantee and accordingly does not have a share capital.

Every member of the company undertakes to contribute such amount as may be required not exceeding £1 to the assets of the charitable company in the event of its being wound up while he or she is a member, or within one year after he or she ceases to be a member.

5. Donations and legacies

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

Donations

Receipts under gift aid	281,250	281,250	241,250	241,250
	---------	---------	---------	---------

6. Investment income

	Unrestricted Funds	Total Funds 2025	Unrestricted Funds	Total Funds 2024
	£	£	£	£
Income from investment properties	70,000	70,000	66,512	66,512
Bank interest receivable	43,554	43,554	34,216	34,216
	---------	---------	---------	---------
	113,554	113,554	100,728	100,728
	---------	---------	---------	---------

7. Expenditure on charitable activities by fund type

	Unrestricted Funds	Total Funds 2025	Unrestricted Funds	Total Funds 2024
	£	£	£	£
Donations paid	600,920	600,920	565,904	565,904
Support costs	670	670	326	326
	---------	---------	---------	---------
	601,590	601,590	566,230	566,230
	---------	---------	---------	---------

8. Expenditure on charitable activities by activity type

	Activities undertaken directly	Support costs	Total funds 2025	Total fund 2024
	£	£	£	£
Donations paid	600,920	–	600,920	565,904
Governance costs	–	670	670	326
	---------	----	---------	---------
	600,920	670	601,590	566,230
	---------	----	---------	---------

9. Other expenditure

	Unrestricted Funds	Total Funds 2025	Unrestricted Funds	Total Funds 2024
	£	£	£	£
Accountancy fees	3,780	3,780	3,600	3,600
Legal and professional fees	190	190	14,067	14,067
	-------	-------	--------	--------
	3,970	3,970	17,667	17,667
	-------	-------	--------	--------

10. Net gains on investments

	Unrestricted Funds	Total Funds 2025	Unrestricted Funds	Total Funds 2024
	£	£	£	£
Gains on land and builging	250,000	250,000	–	–
	---------	---------	----	----

11. Independent examination fees

	2025	2024
	£	£

Fees payable to the independent examiner for:

Independent examination of the financial statements	3,780	3,600
	-------	-------

12. Trustee remuneration and expenses

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

13. Tangible fixed assets

	Land and buildings
	£
Valuation
At 1 April 2024	250,000
Revaluations	250,000
	---------
At 31 March 2025	500,000
	---------
Depreciation
At 1 April 2024 and 31 March 2025	–
	---------
Carrying amount
At 31 March 2025	500,000
	---------
At 31 March 2024	250,000
	---------

14. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	–	147,000
Accruals and deferred income	21,280	31,443
Other creditors	120,091	135,845
	---------	---------
	141,371	314,288
	---------	---------

15. Analysis of charitable funds

Unrestricted funds

	At 1 April 2024	Income	Expenditure	Gains and losses	At 31 March 2025
	£	£	£	£	£
General reserve	2,253,633	394,804	(605,560)	250,000	2,292,877
Fair value reserve	57,321	–	–	250,000	307,321
	------------	---------	---------	---------	------------
	2,310,954	394,804	(605,560)	500,000	2,600,198
	------------	---------	---------	---------	------------

	At 1 April 2023	Income	Expenditure	Gains and losses	At 31 March 2024
	£	£	£	£	£
General reserve	2,495,552	341,978	(583,897)	–	2,253,633
Fair value reserve	57,321	–	–	–	57,321
	------------	---------	---------	----	------------
	2,552,873	341,978	(583,897)	–	2,310,954
	------------	---------	---------	----	------------

16. Analysis of net assets between funds

	Unrestricted Funds	Total Funds 2025
	£	£
Investments	500,000	500,000
Current assets	1,991,569	1,991,569
Creditors less than 1 year	(141,371)	(141,371)
	------------	------------
Net assets	2,350,198	2,350,198
	------------	------------

	Unrestricted Funds	Total Funds 2024
	£	£
Investments	250,000	250,000
Current assets	2,375,242	2,375,242
Creditors less than 1 year	(314,288)	(314,288)
	------------	------------
Net assets	2,310,954	2,310,954
	------------	------------