## **CHAI NETWORK**
## **TRUSTEES' REPORT AND ACCOUNTS**
## **FOR THE YEAR ENDED 31 AUGUST 2025**
**Charity No: 1091208**
## **CHAI NETWORK**
## **INDEX TO THE ACCOUNTS**
|CHARITY DETAILS|1|
|---|---|
|TRUSTEES' ANNUAL REPORT|2-3|
|INDEPENDENT EXAMINER'S REPORT|4|
|STATEMENT OF FINANCIAL ACTIVITIES|5|
|BALANCE SHEET|6|
|NOTES TO THE ACCOUNTS|7-10|
## **CHAI NETWORK**
## **CHARITY DETAILS**
CHARITY NUMBER 1091208 TRUSTEES Gary Glickman Chabad Lubavitch UK Trustees Limited - appointed 27/08/2025 Eliezer Simon - appointed 05/07/2026 BANKERS NatWest plc PRINCIPAL OFFICE 3 Milton Crescent Cheadle Cheshire SK8 1NT
Page 1
**CHAI NETWORK**
## **TRUSTEES' REPORT ON THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2025**
The trustees present their report and financial statements for the year ended 31 August 2025. The financial statements have been prepared in accordance with the charity’s Trust Deed, applicable law and the Charities Statement of Recommended Practice (FRS 102).
## **Charity details**
The details of the charity are given on page 1.
## **Constitution and objects**
Chai Network is governed by a Declaration of Trust dated 20 December 2001 and is registered with the Charity Commission (Charity No. 1091208).
The charity’s principal objectives are “preparing ourselves for the ultimate redemption” and “ensuring Jewish continuity.” It seeks to achieve these aims by advancing the Jewish religion and promoting Jewish education and culture through a broad range of educational, religious, social and community initiatives that strengthen Jewish identity and enrich Jewish life.
## **Objectives, Activities, Achievements and Performance**
During the year, the charity continued to provide a broad range of educational, religious and community programmes for people of all ages. These included children’s and youth activities, adult education, one-to-one learning, women’s programmes, Shabbat and festival celebrations, pastoral care, community outreach, Bikur Cholim hospitality for families of hospital patients, Meals on Wheels, Judaica services and the provision of a private mikvah facility.
In addition to its regular programme of activities, the charity continued to respond to the changing needs of the local Jewish community by providing practical support, friendship and guidance to individuals and families throughout the year. The trustees remain committed to ensuring that the charity’s activities are welcoming, accessible and responsive to those it serves.
The charity is funded primarily through voluntary donations and grants, enabling it to continue delivering activities that promote Jewish learning, strengthen community connections and respond to the evolving needs of the local Jewish community.
## **Developments During the Year**
Following the success of the pilot initiative in Didsbury, Chabad of Didsbury has now become an independent registered charity, serving the Didsbury Jewish community and the surrounding areas. The trustees are delighted to see the project develop into a sustainable local organisation, extending Jewish educational, religious and community life beyond the Chai Network.
## **Financial Review**
The financial results for the year are set out in the accompanying financial statements.
During the year, the charity recorded a surplus of £23,256, resulting in net liabilities of £57,098 as at
31 August 2025.
The trustees continue to monitor the charity’s financial position carefully and remain committed to prudent financial management, responsible stewardship of the charity’s resources and ongoing fundraising to ensure the charity’s long-term sustainability.
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**CHAI NETWORK**
## **TRUSTEES' REPORT ON THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2025**
## **Future Plans**
The trustees intend to continue developing the charity’s educational, religious and community programmes while strengthening fundraising and ensuring that the charity remains well placed to meet the evolving needs of the local Jewish community.
## **Recruitment and Appointment of Trustees**
The appointment of new trustees is at the discretion of the existing trustees in accordance with the Trust Deed. Responsibility for the governance and strategic direction of the charity rests with the trustees.
## **Public Benefit**
The trustees have had due regard to the Charity Commission’s guidance on public benefit. The charity’s activities advance the Jewish religion and promote Jewish education and culture for the benefit of the public in accordance with its charitable objects.
## **Trustees' responsibilities**
The trustees are required under the Charities Act 2011 to prepare financial statements for each financial year that give a true and fair view of the charity’s financial activities during the year and of its financial position at the end of the year.
In preparing these financial statements, the trustees are required to:
- (a) select suitable accounting policies and apply them consistently;
- (b) make judgements and estimates that are reasonable and prudent;
- (c) state whether applicable accounting standards and the Charities Statement of Recommended Practice (SORP) have been followed, subject to any material departures disclosed and explained in the financial statements; and
- (d) prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy the financial position of the charity and enable them to ensure that the financial statements comply with applicable law and regulations. They are also responsible for safeguarding the assets of the charity and for taking reasonable steps to prevent and detect fraud and other irregularities.
This report was approved by the trustees on …………………………………. and signed on their behalf by:
………………………………………………..
G Glickman Trustee
Page 3
**CHAI NETWORK**
## **Independent examiner's report to the trustees of Chai Network**
I report on the accounts of the charity for the year 1 September 2024 to 31st August 2025, which are set out on pages 5 to 10.
## _**Respective responsibilities of trustees and examiner**_
The charity's trustees are responsible for the preparation of the accounts. The charity's 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. The charity's gross income does not exceed £250,000 and I am qualified to undertake the examination by being a qualified member of ACCA.
It is my responsibility to:
- examine the accounts under section 145 of the 2011 Act;
- to follow the procedures laid down in the General Directions given by the Charity Commissioners under section 145 (5)(b) of the 2011 Act; and
- to state whether particular matters have come to my attention.
## _**Basis of independent examiners' report**_
My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and the seeking of explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and, consequently, no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.
## _**Independent examiners' statement**_
In connection with my examination, no matter has come to my attention:
- which gives me reasonable cause to believe that, in any material respect, the requirements:
(a) to keep accounting records in accordance with section 130 of the 2011 Act; and
(b) to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act
have not been met;
In connection with my examination, the following matter has come to my attention:
- to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. I refer you to note 10 of the accounts on page 10 in reference to the overall deficit in the funds of the charity.
## **………………………………………….**
Yisroel Levenson FCCA CTA Rico House George Street Manchester M25 9WS
Date ………………………………………………….
Page 4
## **CHAI NETWORK**
## **STATEMENT OF FINANCIAL ACTIVITIES**
## **(INCLUDING INCOME AND EXPENDITURE ACCOUNT)**
## **FOR THE YEAR ENDED 31 AUGUST 2025**
|**Notes**
**INCOMING RESOURCES**
Donations and legacies
**2**
Charitable activities
**3**
Insurance claim
**Total income**
**RESOURCES EXPENDED**
**Costs of charitable activities**
Activities and programmes
**4**
General administration
**4**
Bank charges and interest
**4**
Depreciation of fixed assets
**4**
Loss on disposal of investments
**Total expenditure**
**Reconciliation of funds**
**Net expenditure for the year**
**Net movement in funds**
Total funds brought forward
Total funds carried forward
**7**|**Year-ended**
**Year-ended**
**Year-ended**
**31-Aug-25**
**31-Aug-25**
**31-Aug-25**
£
£
£
**Restricted**
**Unrestricted**
**Total**
**funds**
**funds**
**funds**
0
199,833
199,833
0
29,029
29,029
0
16,750
16,750
0
245,612
245,612
0
120,275
120,275
0
93,368
93,368
0
363
363
0
8,349
8,349
0
0
0
0
222,355
222,355
0
23,256
23,256
0
(80,354)
(80,354)
0
(57,098)
(57,098)|**Year-ended**
**31-Aug-24**|
|---|---|---|
|||£
**Total**
**funds**
160,697
14,342|
|||175,039|
|||98,696
87,904
345
27,268
500|
|||214,713|
|||(39,674)
(40,680)|
|||(80,354)|
The statement of financial activities includes all gains and losses recognised in the period
All income and expenditure derive from continuing activities.
Page 5
## **CHAI NETWORK**
## **BALANCE SHEET AS AT 31ST AUGUST 2025**
|**Year-ended**
**Notes**
**31-Aug-25**
£
**Fixed assets**
Tangible assets
**5**
6,478
**Currrent assets**
Bank
8,334
Gift Aid receivable
0
8,334
**Creditors: amounts falling due within one year**
PAYE
8,299
Net wages
0
Loans
48,022
Bank loan
2,940
59,261
**Net current liabilities**
(50,927)
**Total assets less current liabilities**
(44,449)
**Creditors: due after more than one year**
Bank loan
(12,649)
(57,098)
**Funds of the charity**
Restricted income funds
0
Unrestricted income funds
(57,098)
Total charity funds
**6**
(57,098)|**Year-ended**
**31-Aug-24**
£
14,828
1,881
0
1,881
10,145
30,399
37,990
3,004
81,538
(79,657)
(64,829)
(15,525)
(80,354)
0
(80,354)
(80,354)|**Year-ended**
**31-Aug-24**|
|---|---|---|
||||
|||(64,829)
(15,525)|
|||(80,354)|
|||0
(80,354)|
|||(80,354)|
Approved by the trustees on …..........................., and is signed on behalf of them all.
………………………………………………..
Page 6
## **CHAI NETWORK**
## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2025**
## **(1) Accounting policies**
## **Charity information**
Chai Network is a charity registered with the Charity Commission.
## **1.1 Basis of preparation of accounts and accounting convention.**
The accounts have been prepared on an accruals basis.
The accounts have been prepared in accordance with the charity's governing document, with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), with '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)' (as amended for accounting periods commencing from 1 January 2016) and with the Charities Act 2011, which have been applied consistently (except as otherwise stated). The charity is a Public Benefit Entity as defined by FRS 102.
The accounts are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The accounts have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
## **1.2 Accounting period**
These accounts cover the year 1 September 2024 to 31 August 2025. The comparative figures are for the year 1 September 2023 to 31 August 2024.
## **1.3 Income**
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Voluntary income and donations received in cash are accounted for as received by the charity. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised the time of the donation.
## **1.4 Costs of charitable activities**
The costs of charitable activities includes all expenditure directly related to the charitable activity and fundraising ventures.
## **1.5 Restricted funds**
Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria is charged to the fund. Further details are given in the notes to the accounts.
## **1.6 Unrestricted funds**
Unrestricted funds are donations and other incoming resources receivable or generated for the objects of the charity without further specified purpose and are available for general funds.
## **1.7 Tangible assets for use by the charity and depreciation**
Tangible assets for use by the charity are stated at cost less depreciation and any impairment losses. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Mikvah on a straight line basis over 10 years Motor vehicles on a reducing balance basis 25%
The gain or loss arising on a disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
Page 7
## **CHAI NETWORK**
## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2025**
## **(1) Accounting policies**
## **1.8 Impairment of fixed assets**
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the charity estimates the recoverable amount of the cash-generating unit to which the asset belongs.
## **1.9 Investments**
Fixed asset investments are stated at cost less provision for diminution in value.
## **1.10 Cash and cash equivalents**
Cash and cash equivalents include cash in hand, deposits held at call with banks, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
## **1.11 Critical accounting estimates and judgements**
In the application of the charity's accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
## **(2) Income from donations and legacies**
|||
|---|---|
|**(2) Income from donations and legacies**
Donations
**(3) Income from charitable activities**
Educational services|**2025**
**2024**
**£**
**£**
199,833
160,697|
||**2024**
**2023**
**£**
**£**
29,029
14,342|
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## **CHAI NETWORK**
## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2025**
|**(4) Costs of charitable activities**|**Activities**||**Bank**|**Depreciation**|||
|---|---|---|---|---|---|---|
||**and**|**General**|**charges and**|**of fixed**|**Total**|**Total**|
||**programmes**|**administration**|**interest**|**assets**|**2025**|**2024**|
||**£**|**£**|**£**|**£**|**£**|**£**|
|Holidays and shabbat|63,450||||63,450|57,133|
|Youth activities & adult education|12,658||||12,658|9,693|
|Women's programmes|10,326||||10,326|6,430|
|Social and Bikur Cholim|18,231||||18,231|12,320|
|Women's Mikvah|15,610||||15,610|13,120|
|Council tax & sundry expenses||15,543|||15,543|13,550|
|Insurance||5,528|||5,528|4,881|
|Utilities||12,270|||12,270|18,586|
|Telephone||3,574|||3,574|3,546|
|Maintenance||6,753|||6,753|3,062|
|Wages||37,951|||37,951|24,409|
|Professional fees|||||0|0|
|Bank charges||451|363||814|1,629|
|Depreciation of Mikvah||||6,189|6,189|24,389|
|Depreciation of motor vehicles||||2,160|2,160|2,879|
|Travel and other expenses||10,516|||10,516|17,293|
|Interest on overdue tax||782|||782|1,292|
|Loss on disposal of investments|||||0|500|
||120,275|93,368|363|8,349|222,355|214,713|
|**(5) Tangible fixed assets for use by**|**the charity**||**Building**|**Motor**|||
||||**of Mikvah**|**Vehicles**|**Total**||
|**Cost**|||**£**||**£**||
|At 1 September 2024|||243,892|25,199|269,091||
|Additions|||0|0|0||
|At 31 August 2025|||243,892|25,199|269,091||
|**Depreciation**|||||||
|At 1 September 2024|||237,703|16,561|254,264||
|Charge for the period|||6,189|2,160|8,349||
|Disposals|||0|0|0||
|At 31 August 2025|||243,892|18,721|262,613||
|**Net book value**|||||||
|31 August 2025|||0|6,478|6,478||
|31 August 2024|||6,189|8,638|14,827||
|**(6) Movements in funds**||**Balance at**||**Gift Aid**|**Funds**|**Balance at**|
|||**01/09/2024**|**Income**|**Allocation**|**sent out**|**31/08/2025**|
|**Donation purpose**||**£**|**£**|**£**|**£**|**£**|
|Unrestricted funds||(80,354)|241,384|4,228|(222,356)|(57,098)|
|Total funds||(80,354)|241,384|4,228|(222,356)|(57,098)|
## **(7) Related party and trustee transactions**
No trustees, nor any persons connected to them, have received any remuneration or expenses, and there have been no related party transactions.
Page 9
## **CHAI NETWORK**
## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2025**
## **(8) Staff costs**
|||
|---|---|
|**(8) Staff costs**
Wages and salaries
Social security costs
Average number of full time employees
There were no employees with emoluments above £60,000.
**(9) Key management personnel compensation**
Wages and salaries in total of key personnel|**2025**
**2024**
**£**
**£**
37,951
24,409
0
0|
||37,951
24,409|
||3
3|
||**2025**
**2024**
**£**
**£**
19,219
18,720|
## **(10) Solvency**
The trustees have reviewed the solvency of the charity and as a consequence have put in place a 5 year plan with the agreement of the creditors to clear the charity's debts and together with increased focus on fund raising to bring the charity's reserves back to a positive position.
Page 10