COMPANY REGISTRATION NUMBER: 3061994
CHARITY REGISTRATION NUMBER: 1047321
Freebee Foundation Ltd
Company Limited by Guarantee
Unaudited Financial Statements
31 May 2024
HAFFNER HOFF LTD
Accountants
2nd Floor - Parkgates
Bury New Road
Prestwich
Manchester
M25 OTL

Freebee Foundation Ltd
Company Limited by Guarantee
Financial Statements
Year ended 31 May 2024
Page
Trustees, annual report (incorporating the director's report)
Independent examiner's report to the trustees
Statement of financial activities (including income and
expenditure account)
Statement of financial position
Notes to the financial statements

Freebee Foundation Ltd
Company Limited by Guarantee
Trustees, Annual Report (Incorporating the Director's Report)
Year ended 31 May 2024
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 May 2024.
Reference and administrative details
Regislered charily name
Freebee Foundation Ltd
Charity registration number
1047321
Company registration number 3061994
Principal office and registered 1 st Floor
office
47 Bury New Road
Prestwich
Manchester
M25 9JY
The trustees
Rabbi S Goldberg
N Younger
Rabbi Y U Emanuel
Mrs Z Newman
(Appointed 22 July 2024)
Company secretary
N Younger
Independent examiner
Mr Howard Schwalbe ACA
2nd Floor - Parkgates
Bury New Road
Prestwich
Manchester
M25 OTL

Freebee Foundation Ltd
Company Limited by Guarantee
Trustees, Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 May 2024
Structure, governance and management
Freebee Foundation Ltd is constituted by Memorandum and Articles of Association and is a company
limited by guarantee. It was incorporated on 26 May 1995 as a company and the company number is
3061994. It was registered as a charity on 16 June 1995 with a charity number 1047321.
Recruitment and appointment of new trustees would be in line with the Memorandum and Articles of
Association and with the consent of the truslees. The criteria set for the suitable candidate would be
someone who is sensitive to the needs and demands of the organisation.
There is no chief executive officer. The day to day affairs are undertaken by Mr N Younger on behalf
of the trustees. All major decisions are taken collectively by the trustees and all the trustees give of
their time freely. The trustees are unpaid and details of any related party transactions are disclosed as
applicable in the notes to the accounts. The arrangements for setting the pay of the charity's
employees are the sole domain of the trustees.
There are no policies for the induction or training of new trustees.
Risk review
The Trustees have assessed the major risks to which the charity is exposed, in particular those related
to the operations and finances of the Trust. and are satisfied that systems are in place to manage our
exposure to the major risks.
The risks faced by the trust are principally operational risks from lending money to someone who may
not repay the loan.
These risks are managed by the trustees researching each borrower prior to lending any funds as well
as obtaining two guarantors for each loan.
Report back and review procedures strengthen these safeguards to ensure public benefit is achieved
from all grants.

Freebee Foundation Ltd
Company Limited by Guarantee
Trustees, Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 May 2024
Objectives and activities
The objects of the charity are the relief of poverty amongst members of the Jewish community in
Greater Manchester by the provision in particular. but without limitation, of granls, stipends, goods,
food and interest free loans; the provision of financial assistance to charitable bodies and institutions
and educational establishments.
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.
Granl making policy
There were no grants paid out this year.
The trustees consider they have met the public benefit test and outline these achievements below.
The trustees consider the shorter term aims to be similar to the longer term aims and assess the
achievement of the charity in the same way.
Strategic report
The following sections for achievements and performance and financial review form the strategic
report of the charity.

Freebee Foundation Ltd
Company Limited by Guarantee
Trustees, Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 May 2024
Achievements and performance
The charity received £33,589 in donations and grants. The charity also received £497 from bank
interest receivable. The charity paid oul £34,049 in direct charitable activity, support costs and
governance costs incurred during the year.
The charity has adopted a trading stye of "Jcommerce" to reflect the support requested by
beneficiaries. This involves strengthening their ability to support themselves through enhanced
earnings channels by arranging speakers. events and mentoring.
The charity offers workshops and events to enable people to become economically self sufficient and
enhance the financial resilience of the self employed.
The charity has low governance costs comprising professional fees incurred during the year.
The trustees would like to record their appreciation to local businessmen for their office and
administration support provided free of charge during the year.
There were no investments made during the year.
There were no material fundraising costs during the year.
The charity was successful in its aims of relief of personal hardship by advancement of loans, and
support to assist people to establish a livelihood through loans of less than three years duration. At the
year end the balance owing to the charity by way of interest free loans extended was £54.504.
Related party transactions in the reporting period, are reported in the notes.
There was an overall net income and net movement in funds for the year amounting to £37, with a net
expenditure of £12,898 in the unrestricted fund and an income of £12,935 in the restricted fund.
Financial review
The trustees feel that the activity reflects the profile and standing within the local community- The
impact for future year's expenditure is self evident and the trustees would like to record their
appreciation for all the financial support received from benefactors during the course of the year.
Reserves policy
The Unreslricted Fund represents the unrestricted funds arising from past operating results.
represents the free reserves of the charity and the trustees would normally be looking for reserves
equivalent to fifty percent of the amounts due to it's creditors.
The free reserves being the net current assets stand at £54.835. of which £18,900 is restricted and
£35,935 is unrestricted.

Freebee Foundation Ltd
Company Limited by Guarantee
Trustees, Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 May 2024
The trustees, annual report and the strategic report were approved on 30 September 2024 and signed
on behalf of the board of trustees by=
N Younger
Trustee

Freebee Foundation Ltd
Company Limited by Guarantee
Independent Examiner's Report to the Trustees of Freebee Foundation Ltd
Year ended 31 May 2024
I report to the trustees on my examination of the financial statements of Freebee Foundation Ltd I'the
charity'l for the year ended 31 May 2024.
Responsibililies and basis of report
As the trustees of the company (and also its directors for the purposes of company lawl you are
responsible for the preparalion of the financial statements in accordance with the requirements of the
Companies Act 2006 {'Ihe 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 145151{b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection
with the examination giving me cause to believe:
accounting records were not kept in respect of the charity as required by section 386 of the
2006 Act" or
the financial statements do not accord with those records. or
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
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.
Mr Howard Schwalbe ACA
Independent Examiner
2nd Floor- Parkgates
Bury New Road
Prestwich
Manchester
M25 OTL
30 September 2024

Freebee Foundation Ltd
Company Limited by Guarantee
Statement of Financial Activities
(including income and expenditure account)
Year ended 31 May 2024
2024
Restricted
funds Total funds Total funds
2023
Unrestricted
funds
Nole
Income and endowmenls
Donalions and legacies
Inveslment income
14,689
497
18,900
33,589
497
12,292
462
Total income
15.186
18.900
34.086
12,754
Expendilure
Expenditure on charitable activities
Tolal expenditure
28.084
5,965
34.049
8.297
28.084
5,965
34,049
8.297
Net income and net movement in funds
(12.898}
12,935
37
4.457
Reconciliation of funds
Total funds brought fO￿ard
Tolal funds carried forward
48.833
5.965
54.798
50,341
35.935
18,900
54,835
54,798
The statement of financial activrties includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The notes on pages g to 15 form part of these flnanclal slatements.

Freebee Foundation Ltd
Company Limited by Guarantee
Statement of Financial Position
31 May 2024
2024
2023
Note
Current assets
Debtors
Cash at bank and in hand
13
54,504
98,314
94,018
69,823
152,818
163.841
Creditors: amounts falling due within one year
Net current assets
14
97,983
109,043
54.835
54,798
Toial asseis less currenl liabililies
54.835
54,798
Nel assets
54,835
54,798
Funds of the charity
Restricted funds
Unreslricted funds
18,900
35,935
5,965
48,833
Total charity funds
15
54.835
54,798
For the year ending 31 May 2024 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 restK)nsibilities 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 lo
companies subject to the small companies. regime.
These financial statements were approved by the board of trustees and authorised for issue on 30
September 2024, and are signed on behalf of the board by:
N Younger
Trustee
The notes on pages g to 15 form part of these flnanclal slatements.

Freebee Foundation Ltd
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 May 2024
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 1 st Floor, 47 Bury New Road. Prestwich, Manchester, M25 9JY.
Stalement 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 IFRS 1021 (Charities
SORP {FRS 102)) and the Companies Act 2006.
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 chariws ability to continue.
Fair value
Debtors and creditors are stated at fair value.
Judgements and key sources of estimalion uncertainty
The preparation of Ihe financial statements did not require management to make judgements,
estimates or assumptions that affect the amounts reported.
Fund accounting
Unrestricted funds are available for use al 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.

Freebee Foundation Ltd
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 May 2024
Accounting policies (conllnued)
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 entitlemenl to the
gift, receipt is probable and its amount can be measured ieliably.
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 seNices 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 seNices 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 aclivilies, 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 cosls
attributable lo a single aclivily are allocated directly to that activity. Shared cosls are apporlioned
between the activities they contribute to on a reasonable, justifiable and consistent basis.
Financial instruments
A financial asset or a financial liability is recognised only when the charity becomes a party io the
contractual provisions of the instrument.
10-

Freebee Foundation Ltd
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 May 2024
Accounting policies (conllnued)
Financial instruments (contin4￿d)
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 ol financial
activities in which the initial gain was recognised.
For all equity instruments regardless of significance. and olher financial assets that are
individually significant, Ihese are assessed individually for impairment. Olher 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.
Limited by guarantee
Freebee Foundation Ltd is a registered charity and a company limited by guarantee and does not
have a share capital. In the event of the charity being wound up. members are required to
contribute an amount not exceeding £10.
Donations and legacies
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Donations
Donations
14.689
14,689
11

Freebee Foundation Ltd
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 May 2024
Donations and legacies (contlnued)
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Grants
Grants receivable
18,900
18,900
33,589
14,689
18,900
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Donations
Donations
2.412
2,412
Grants
Grants receivable
9,880
9,880
2,412
9,880
12,292
Investment income
Unrestricted Tolal Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Bank interest receivable
497
497
462
462
Expenditure on charitable activities by fund type
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Sundry office costs
Support costs
27.215
869
5,965
33,180
869
28,084
5,965
34,049
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Sundry office costs
Support costs
3,909
473
3,909
4,388
3,915
4.382
3,915
8,297
12-

Freebee Foundation Ltd
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 May 2024
Expenditure on charitable activities by activily type
Activities
undertaken
directly Support costs
Tolal funds
2024
Total fund
2023
Sundry office costs
Governance costs
33.180
269
600
33,449
600
7,839
458
33,180
869
34,049
8,297
Analysis of support costs
Analysis of
supporl costs
Total 2024 Total 2023
General office
Governance costs
269
600
269
600
3,930
458
869
869
4,388
10. Independent examination fees
2024
2023
Fees payable to the independent examiner for:
Independent examination of the financial statements
600
11. Staff costs
The average head count of employees during the year was Nil {2023- Nill.
No employee received employee benefits of more than £60.000 during the year {2023: Nil)-
12. Truslee remuneration and expenses
No remuneration or other benefits from employment with the charity or a related entity were
received by the trustees.
13. Deblors
2024
2023
Other debtors
54,504
94.018
13-

Freebee Foundation Ltd
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 May 2024
14. Creditors: amounts falling due within one year
2024
2023
Accruals and deferred income
Other creditors
600
97,383
97,983
460
108,583
109,043
15. Analysis of charitable funds
Unrestricled funds
At
1 June 2023
Al
Income Expenditure 31 May 2024
General funds
48,833
15.186
{28,084)
35,935
At
1 June 2022
At
Income Expenditure 31 May 2023
General funds
50,341
2,874
14,382)
48,833
Restricted funds
At
1 June 2023
Al
Income Expenditure 31 May 2024
Restricted fund - grants receivable
5.965
18.900
(5,965)
18,900
At
1 June 2022
At
Income Expenditure 31 May 2023
Restricted fund - grants receivable
9.880
(3,915)
5,965
14-

Freebee Foundation Ltd
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 May 2024
16. Analysis of net assets between funds
Unrestricted Total Funds
Funds
2024
Current assets
Creditors less than 1 year
Net assels
152,818
(97,983)
54,835
152,818
(97,983)
54,835
Unrestricted Total Funds
Funds
2023
Current assets
Creditors less than 1 year
Net asseis
163,841
{109,043)
54,798
163,841
(109,043)
54,798
17. Related parties
Gold Pro Services Ltd, is a UK company owned and managed by Mr Y Goldberg. son of Rabbi S
Goldberg, trustee of Freebee Foundation Ltd.
During the year Gold Pro Services Ltd received £2,412 in professional fees.
18. Taxalion
Freebee Foundation Ltd is a registered charity and therefore is not liable to income tax or
corporation tax on income derived from its charitable activities. as it falls within the various
exemptions available to registered charities.
15-