**REGISTERED COMPANY NUMBER: 05471987 (England and Wales) REGISTERED CHARITY NUMBER: 1111194**
## **SHIMON YEHUDA LIMITED (A COMPANY LIMITED BY GUARANTEE)**
## **REPORT OF THE TRUSTEES AND**
## **UNAUDITED FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 30 JUNE 2025**
STERN ASSOCIATES Chartered Accountants 2 Helenslea Avenue London NW11 8ND
**SHIMON YEHUDA LIMITED**
**CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025**
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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 to 7
Cash Flow Statement 8
Notes to the Cash Flow Statement 9
Notes to the Financial Statements 10 to 15
Detailed Statement of Financial Activities 16
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**SHIMON YEHUDA LIMITED**
**REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 30 JUNE 2025**
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TRUSTEES B D Stroh
Mrs T Stroh
Mrs M Reich
COMPANY SECRETARY Mrs T Stroh
REGISTERED OFFICE 357 City Road
London
EC1V 1LR
REGISTERED COMPANY 05471987 (England and Wales)
NUMBER
REGISTERED CHARITY 1111194
NUMBER
INDEPENDENT EXAMINER STERN ASSOCIATES
Chartered Accountants
2 Helenslea Avenue
London
NW11 8ND
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Page 1
**SHIMON YEHUDA LIMITED**
**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).
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
The objects of the charity are:
- The advancement of Orthodox Jewish religious education
- The advancement of the Orthodox Jewish religion
- The relief of poverty, particularly amongst persons of the Jewish faith.
- Any other charitable purposes as determined by the trustees.
## **Significant activities**
The charity receives income mainly from its property investments and charitable donations under gift aid, which it utilises to provide grants to various charitable and educational institutions in accordance with its objects.
## **Public benefit**
The trustees confirm their compliance with the duty to have due regard to the public benefit guidance published by the Charity Commission when reviewing the Charity's aims and objectives and in planning future activities.
## **Grantmaking**
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 the level of funds available.
## **STRATEGIC REPORT**
## **Achievements and performance**
## **Charitable activities**
The Charity has extended grants totalling £436,550 (2024 - £550,600) to a number of charitable institutions.
## **Fundraising activities**
The charity continued to be supported by donations from the trustees and other charities and companies that are controlled by the trustees.
Despite the difficult economic climate, the Charity received a total of £504,250 (2024 - £459,000) in donations and legacies.
## **Investment performance**
The Charity's investment property continued to provide a healthy rental income to help support its activities.
Investment income, including rent received totalled £31,500 (2024 - £31,500).
## **Financial review**
## **Reserves policy**
Reserves are distributed at the discretion of the trustees as and when they become available, after providing for administrative expenses, and no formal commitments for future grants are made to any of the beneficiaries.
The trustees consider that the Charity will generate sufficient rental income and receive donations to fund its ongoing activities.
Page 2
**SHIMON YEHUDA LIMITED**
**REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2025**
## **STRATEGIC REPORT**
## **Future plans**
No significant changes are planned to the operation of the Charity.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
## **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 exposure to major risks.
## **Recruitment and appointment of new trustees**
It is not currently the intention of the trustees of the charity to appoint new trustees. Should the situation change in the future, the trustees will adopt suitable recruitment, training and induction procedures.
## **Related parties**
The charity is supported by donations from a wholly owned subsidiary Grey Eagle Properties Ltd, as well as other companies that are controlled by the trustees.
Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 9 February 2026 and signed on the board's behalf by:
B D Stroh - Trustee
Page 3
**INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SHIMON YEHUDA LIMITED**
## **Independent examiner's report to the trustees of Shimon Yehuda 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**
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, 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 Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. 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
4. 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.
Simon Stern, ACA
STERN ASSOCIATES Chartered Accountants 2 Helenslea Avenue London NW11 8ND
9 February 2026
Page 4
**SHIMON YEHUDA LIMITED**
**STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2025**
|30.6.25
Unrestricted
funds
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
504,250
Investment income
3
36,127
**Total**
540,377
**EXPENDITURE ON**
**Charitable activities**
4
Grants
436,550
Other
1,473
**Total**
438,023
**NET INCOME/(EXPENDITURE)**
102,354
**Other recognised gains/(losses)**
Gains/(losses) on revaluation of fixed assets
(15,419)
**Net movement in funds**
86,935
**RECONCILIATION OF FUNDS**
Total funds brought forward
486,700
**TOTAL FUNDS CARRIED FORWARD**
573,635|30.6.24
Total
funds
£
459,000
36,536
495,536
550,600
1,561
552,161
(56,625)
(2,416)
(59,041)
545,741
486,700|
|---|---|
The notes form part of these financial statements
Page 5
**SHIMON YEHUDA LIMITED**
**BALANCE SHEET 30 JUNE 2025**
|30.6.25
Unrestricted
funds
Notes
£
**FIXED ASSETS**
**Investments**
Investments
8
11,898
Investment property
9
200,000
211,898
**CURRENT ASSETS**
Debtors
10
16,049
Cash at bank
354,823
370,872
**CREDITORS**
Amounts falling due within one year
11
(9,135)
**NET CURRENT ASSETS**
361,737
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
573,635
**NET ASSETS**
573,635
**FUNDS**
12
Unrestricted funds:
General fund
508,635
Revaluation Reserve
65,000
573,635
**TOTAL FUNDS**
573,635|30.6.24
Total
funds
£
27,317
200,000
227,317
29,468
239,218
268,686
(9,303)
259,383
486,700
486,700
421,700
65,000
486,700
486,700|
|---|---|
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
- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (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.
The notes form part of these financial statements
Page 6
continued...
**SHIMON YEHUDA LIMITED**
**BALANCE SHEET - continued 30 JUNE 2025**
The financial statements were approved by the Board of Trustees and authorised for issue on 9 February 2026 and were signed on its behalf by:
B D Stroh - Trustee
The notes form part of these financial statements
Page 7
**SHIMON YEHUDA LIMITED**
**CASH FLOW STATEMENT FOR THE YEAR ENDED 30 JUNE 2025**
|Notes
**Cash flows from operating activities**
Cash generated from operations
1
Net cash provided by/(used in) operating activities
**Cash flows from investing activities**
Interest received
Net cash provided by investing activities
**Change in cash and cash equivalents**
**in the reporting period**
**Cash and cash equivalents at the**
**beginning of the reporting period**
**Cash and cash equivalents at the end**
**of the reporting period**|30.6.25
£
110,978
110,978
4,627
4,627
115,605
239,218
354,823|30.6.24
£
(67,621)
(67,621)
5,035
5,035
(62,586)
301,804
239,218|
|---|---|---|
The notes form part of these financial statements
Page 8
**SHIMON YEHUDA LIMITED**
**NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 30 JUNE 2025**
## **1. RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES**
|**Net income/(expenditure) for the reporting period (as per the**
**Statement of Financial Activities)**
**Adjustments for:**
Interest received
Decrease/(increase) in debtors
(Decrease)/increase in creditors
**Net cash provided by/(used in) operations**|30.6.25
£
102,354
(4,627)
13,419
(168)
110,978|30.6.24
£
(56,625)
(5,035)
(6,189)
228
(67,621)|
|---|---|---|
## **2. ANALYSIS OF CHANGES IN NET FUNDS**
|**Net cash**
Cash at bank|At 1.7.24
Cash flow
At 30.6.25
£
£
£
239,218
115,605
354,823|
|---|---|
||239,218
115,605
354,823|
|**Total**|239,218
115,605
354,823|
The notes form part of these financial statements
Page 9
**SHIMON YEHUDA 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, with the exception of investments which are included at market value.
## **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.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
## **Investment property**
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Statement of Financial Activities.
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Page 10
continued...
**SHIMON YEHUDA LIMITED**
**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2025**
## **2. DONATIONS AND LEGACIES**
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||||
|---|---|---|
|30.6.25|30.6.24|
|£|£|
|Donations|493,000|451,500|
|Gift aid|11,250|7,500|
|504,250|459,000|
|3.|INVESTMENT INCOME|
|30.6.25|30.6.24|
|£|£|
|Rents received|31,500|31,501|
|Deposit account interest|3,788|5,035|
|Other interest receivable|839|-|
|36,127|36,536|
|4.|CHARITABLE ACTIVITIES COSTS|
|Grant|
|funding of|
|activities|
|(see note|
|5)|
|£|
|Grants|436,550|
|5.|GRANTS PAYABLE|
|30.6.25|30.6.24|
|£|£|
|Grants|436,550|550,600|
**----- End of picture text -----**
The charity made 59 grants to UK registered charities. A breakdown is available on request from the company secretary.
**----- Start of picture text -----**
||||||
|---|---|---|---|---|
|6.|SUPPORT COSTS|
|Governance|
|Management|Finance|costs|Totals|
|£|£|£|£|
|Other resources expended|149|64|1,260|1,473|
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continued...
**SHIMON YEHUDA LIMITED NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2025**
## **7. 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.
## **8. FIXED ASSET INVESTMENTS**
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|||
|---|---|
|Shares in|
|group|
|undertakings|
|£|
|MARKET VALUE|
|At 1 July 2024|27,317|
|Impairments|(15,419)|
|At 30 June 2025|11,898|
|NET BOOK VALUE|
|At 30 June 2025|11,898|
|At 30 June 2024|27,317|
**----- End of picture text -----**
There were no investment assets outside the UK.
Cost or valuation at 30 June 2025 is represented by:
**----- Start of picture text -----**
|||
|---|---|
|Shares in|
|group|
|undertakings|
|£|
|Valuation in 2024|27,317|
|Valuation in 2025|(15,419)|
|11,898|
**----- End of picture text -----**
The company's investments at the balance sheet date in the share capital of companies include the following:
## **Grey Eagle Properties Ltd**
Registered office: England Nature of business: Property Investment
**----- Start of picture text -----**
||||
|---|---|---|
|%|
|Class of share:|holding|
|Ordinary|100|
|30.9.24|30.9.23|
|£|£|
|Aggregate capital and reserves|11,898|27,317|
|Loss for the year|(15,419)|(2,416)|
**----- End of picture text -----**
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continued...
**SHIMON YEHUDA LIMITED NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2025**
## **8. FIXED ASSET INVESTMENTS - continued**
The above figures are stated after charitable donations of £9,000 (2023 - £5,000) to Shimon Yehuda Limited.
The market value of the investment in the subsidiary undertaking is based on the underlying value of assets less liabilities of the company at 30th September 2024.
## **9. INVESTMENT PROPERTY**
|**FAIR VALUE**
At 1 July 2024
and 30 June 2025
**NET BOOK VALUE**
At 30 June 2025
At 30 June 2024|£
200,000
200,000
200,000|
|---|---|
The investment properties are stated at the trustees' valuation at 30 June 2025 based on the trustees' understanding of prevailing market conditions and the specific properties concerned.
Fair value at 30 June 2025 is represented by:
|Valuation in 2025
**10.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Rent arrears
Gift aid recoverable|30.6.25
£
4,799
11,250
16,049|£
200,000
30.6.24
£
9,468
20,000
29,468|
|---|---|---|
Page 13
continued...
**SHIMON YEHUDA LIMITED**
**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2025**
## **11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|Accrued expenses
Rent received in advance
**12.**
**MOVEMENT IN FUNDS**
At 1.7.24
£
**Unrestricted funds**
General fund
421,700
Revaluation Reserve
65,000
486,700
**TOTAL FUNDS**
486,700
Net movement in funds, included in the above are as follows:
Incoming
Resources
resources
expended
£
£
**Unrestricted funds**
General fund
540,377
(438,023)
**TOTAL FUNDS**
540,377
(438,023)
**Comparatives for movement in funds**
At 1.7.23
£
**Unrestricted funds**
General fund
480,741
Revaluation Reserve
65,000
545,741
**TOTAL FUNDS**
545,741|30.6.25
30.6.24
£
£
1,260
1,260
7,875
8,043
9,135
9,303
Net
movement
At
in funds
30.6.25
£
£
86,935
508,635
-
65,000
86,935
573,635
86,935
573,635
Gains and
Movement
losses
in funds
£
£
(15,419)
86,935
(15,419)
86,935
Net
movement
At
in funds
30.6.24
£
£
(59,041)
421,700
-
65,000
(59,041)
486,700
(59,041)
486,700|
|---|---|
Page 14
continued...
**SHIMON YEHUDA LIMITED**
**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2025**
## **12. MOVEMENT IN FUNDS - continued**
Comparative net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**TOTAL FUNDS**|Incoming
resources
£
495,536
495,536|Resources
expended
£
(552,161)
(552,161)|Gains and
Movement
losses
in funds
£
£
(2,416)
(59,041)
(2,416)
(59,041)|
|---|---|---|---|
## **13. RELATED PARTY DISCLOSURES**
During the year the charity received donations totalling £8,000 (2024 - £9,000) from Grey Eagle Properties Ltd, a wholly owned subsidiary.
During the year the charity also received donations totalling £485,000 (2024 - £442,500) from the trustees, charities and companies controlled by the trustees.
Page 15
**SHIMON YEHUDA LIMITED**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2025**
|**INCOME AND ENDOWMENTS**
**Donations and legacies**
Donations
Gift aid
**Investment income**
Rents received
Deposit account interest
Other interest receivable
**Total incoming resources**
**EXPENDITURE**
**Charitable activities**
Grants to institutions
**Support costs**
**Management**
Sundries
**Finance**
Bank charges
**Governance costs**
Accountancy fees
Total resources expended
**Net income/(expenditure)**|30.6.25
£
493,000
11,250
504,250
31,500
3,788
839
36,127
540,377
436,550
149
64
1,260
438,023
102,354|30.6.24
£
451,500
7,500
459,000
31,501
5,035
-
36,536
495,536
550,600
149
92
1,320
552,161
(56,625)|
|---|---|---|
This page does not form part of the statutory financial statements
Page 16