REGISTERED COMPANY NUMBER: 03210216 (England and Wales) REGISTERED CHARITY NUMBER: 1061008
CHAIM CHARITABLE COMPANY LIMITED (A COMPANY LIMITED BY GUARANTEE)
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
Sugarwhite Meyer Accountants Ltd First Floor 94 Stamford Hill London N16 6XS
CHAIM CHARITABLE COMPANY LIMITED
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
| Page | ||
|---|---|---|
| Reference and Administrative Details | 1 | |
| Report of the Trustees | 2 to | 3 |
| Independent Examiner's Report | 4 | |
| Statement of Financial Activities | 5 | |
| Balance Sheet | 6 | |
| Notes to the Financial Statements | 7 to | 10 |
CHAIM CHARITABLE COMPANY LIMITED
REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 30 JUNE 2025
TRUSTEES A Matyas M Matyas M Landau (resigned 3.9.24) A Stern (appointed 3.9.24)
COMPANY SECRETARY
COMPANY SECRETARY A Matyas REGISTERED OFFICE First Floor 94 Stamford Hill London N16 6XS REGISTERED COMPANY 03210216 (England and Wales) NUMBER REGISTERED CHARITY 1061008 NUMBER INDEPENDENT EXAMINER Sugarwhite Meyer Accountants Ltd First Floor 94 Stamford Hill London N16 6XS BANKERS Santander UK plc Bootle Merseyside L30 4GB
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CHAIM CHARITABLE COMPANY LIMITED (REGISTERED NUMBER: 03210216)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2025
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 June 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: 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) (effective 1 January 2019).
REFERENCE AND ADMINISTRATIVE INFORMATION
The information is shown on page 1 of the financial statements and forms part of this report.
OBJECTIVES AND ACTIVITIES
Objectives and aims
The objects of the charity are:
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(1) the advancement of religion in accordance with the Orthodox Jewish faith;
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(2) the relief of poverty and,
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(3) for such other charitable purposes as are recognised by English Law as charitable
The charity is grantmaking. The trustees confirm they have given due regard to the Charity Commission's guidance on public benefit.
Grantmaking
Grants are made to charitable institutions and organisations which accord with the objects of the charity.The trustees are approached for donations by a wide variety of charitable institutions The trustees consider all requests which they receive and make donations based on circumstances and funds available.
Applications by individuals must be accompanied by a letter of recommendation by the applicant's minister or other known religious leader.
FINANCIAL REVIEW
Review of activities and achievements
There was a substantial reduction in income and the trustees reduced grantmaking leaving a small deficit for the year.
Reserves policy
The trustees do not seek to maintain reserves, other than to ensure that they can continue the activities of the charity. Reserves at the year end stood at £61,024 (2024 - £62,001).
FUTURE PLANS
The trustees anticipate that the charity will continue on a similar basis in the foreseeable future subject to satisfactory income and there are no plans for any major changes.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Constitution
The charity was incorporated as a limited company on 10th June 1996 and is governed by its Memorandum and Articles of Association.
Organisational structure
The power to appoint new trustees vests with the continuing board. It is not the intention of the trustees of the charity to appoint any new trustees. Should the situation change in the future, the trustees will apply suitable recruitment induction and training procedures.
Risk management
The trustees have reviewed the major risks that the charity is exposed and confirm that they have established systems to mitigate them.
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CHAIM CHARITABLE COMPANY LIMITED (REGISTERED NUMBER: 03210216)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2025
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approved by order of the board of trustees on 28 April 2026 and signed on its behalf by:
A Matyas - Trustee
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CHAIM CHARITABLE COMPANY LIMITED
Independent examiner's report to the trustees of Chaim Charitable Company Limited ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 June 2025.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts 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 your 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
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:
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accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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the accounts 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
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the accounts 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.
E Meyer FCA BSc
Sugarwhite Meyer Accountants Ltd First Floor 94 Stamford Hill London N16 6XS
28 April 2026
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CHAIM CHARITABLE COMPANY LIMITED
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 30 JUNE 2025
| 2025 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 173,207 EXPENDITURE ON Raising funds 2 255 Charitable activities 3 Grantmaking 170,935 Support 2,994 Total 174,184 NET INCOME/(EXPENDITURE) (977) RECONCILIATION OF FUNDS Total funds brought forward 62,001 TOTAL FUNDS CARRIED FORWARD 61,024 |
2024 Total funds £ 245,843 |
|---|---|
| 1,584 222,986 2,786 |
|
| 227,356 | |
| 18,487 43,514 |
|
| 62,001 |
The notes form part of these financial statements
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CHAIM CHARITABLE COMPANY LIMITED (REGISTERED NUMBER: 03210216)
BALANCE SHEET 30 JUNE 2025
| Notes CURRENT ASSETS Debtors 8 Cash at bank CREDITORS Amounts falling due within one year 9 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS Unrestricted funds: General fund TOTAL FUNDS |
2025 Total funds £ 51,260 14,804 66,064 (5,040) 61,024 61,024 61,024 61,024 61,024 |
2024 Total funds £ 51,260 15,301 66,561 (4,560) 62,001 62,001 62,001 62,001 62,001 |
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2025 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 28 April 2026 and were signed on its behalf by:
A Matyas - Trustee
The notes form part of these financial statements
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CHAIM CHARITABLE COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: 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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Donations are included in full in the Statement of Financial Activities when received.
Expenditure
Expenditure is recognised in the year in which it incurs and includes irrecoverable VAT, which is reported as part of the expenditure to which it relates.
Grants made are only recognised in the accounts when paid.
Governance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Going concern
There are no material uncertainties about the charity's ability to continue.
2. RAISING FUNDS
Raising donations and legacies
| Raising donations and legacies | ||
|---|---|---|
| 2025 | 2024 | |
| Unrestricted | Total | |
| funds | funds | |
| £ | £ | |
| Postage stationery advertising | 255 | 284 |
| Office expenses | - | 1,300 |
| 255 | 1,584 |
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CHAIM CHARITABLE COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2025
3. CHARITABLE ACTIVITIES COSTS
| Grant funding of activities (see note 4) £ Grantmaking 170,935 Support - 170,935 4. GRANTS PAYABLE Grantmaking The total grants paid to institutions during the year was as follows: Advancement of education Relief of poverty Advancement of religion Medical Social welfare Chinuch Jerusalem Yeshivas Ohr Yoseph College for Higher Rabbinical Studies Kollel Damesek Eliezer Toirem Congregation Sharei Sholem Tchabe Ltd Others under £6,000 The total grants paid to individuals during the year was as follows: Relief of poverty |
Support costs (see note 5) £ - 2,994 2,994 2025 £ 170,935 2025 £ 56,550 29,702 48,808 - 15,580 150,640 15,500 11,331 9,000 7,937 6,950 6,000 93,922 150,640 2025 £ 20,295 |
Totals £ 170,935 2,994 |
|---|---|---|
| 173,929 | ||
| 2024 £ 222,986 |
||
| 2024 £ 39,950 72,452 43,431 2,280 36,140 |
||
| 194,253 | ||
| 2024 £ 28,733 |
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CHAIM CHARITABLE COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2025
5. SUPPORT COSTS
| SUPPORT COSTS | ||
|---|---|---|
| Governance | ||
| costs | ||
| £ | ||
| Support | 2,994 | |
| Support costs, included in the above, are as follows: | ||
| Governance costs | ||
| 2025 | 2024 | |
| Total | ||
| Support | activities | |
| £ | £ | |
| Independent examiner's fee | 1,200 | 1,080 |
| Independent examiner's other fees | 1,440 | 1,320 |
| General expenses | 354 | 386 |
| 2,994 | 2,786 |
6. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30 June 2025 nor for the year ended 30 June 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 30 June 2025 nor for the year ended 30 June 2024.
7. AVERAGE STAFF NUMBERS
The average number of staff in the year was NIL (2024 - NIL).
8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Other debtors | 51,260 | 51,260 |
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CHAIM CHARITABLE COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2025
9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Accruals and deferred income | 5,040 | 4,560 |
10. RELATED PARTY DISCLOSURES
The charity received a unrestricted donations totalling £33,500 (2043: £80,500) from a trustee. The charity donated a total of £Nil (2024: £7,720) to charities in which a trustee has an interest.
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