BRITISH FRIENDS OF TIFERES CHAIM
(Registered Charity No. 1121054)
FINANCIAL STATEMENTS
for the year ended 30 September 2025
BRITISH FRIENDS OF TIFERES CHAIM
INDEX TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
| Page | |
|---|---|
| 1 - 2 | Trustees' Report |
| 3 | Independent Examiner’s Report |
| 4 | Statement of Financial Activities |
| 5 | Balance Sheet |
| 6 - 7 | Notes to the Financial Statements |
BRITISH FRIENDS OF TIFERES CHAIM TRUSTEES' REPORT
The Trustees have pleasure in presenting their Report together with the Financial Statements of the Trust for the year ended 30 September 2025.
LEGAL AND ADMINISTRATIVE INFORMATION
The Charity is governed by a Deed of Declaration of Trust dated 12[th] March 2007. Trustees are appointed by the existing Trustees by Deed of Appointment and suitable recruitment and training procedures apply.
The Trustees who served throughout the year were Mr Ashley Fisher and Mr Julian Lewin. Day to day affairs of the charity are administered by the trustees, the Chair of which is Mr Julian Lewin.
OBJECTIVES AND POLICIES OF THE TRUST
The Trust was established for the advancement of the Jewish religion and culture among the Jewish community throughout the world.
ACHIEVEMENTS AND PERFORMANCE
The trustees considered the Charity Commission guidance on public benefit and in fulfillment thereof the charity continued its philanthropic activities in support of religious, educational and other charitable organisations, with aggregate charitable expenditure of £584,762 in the year to 30[th] September 2025.
RESERVES POLICY AND GOING CONCERN
It is the Trust’s policy to maintain unrestricted funds in order to ensure that it is in a position to continue its Grant-making activities and to cover contingencies of additional calls being made upon the Charity for support of organisations or institutions in times of need.
INVESTMENT POLICY
The Trust Deed empowers the trustees to make investments which the trustees consider appropriate. The trustees aim to effect investments which, over a medium period of years, are anticipated to generate a dependable flow of income coupled with capital growth.
GRANT-MAKING POLICY
Grants are made to charitable institutions and organisations in accordance with the objects of the charity.
1
BRITISH FRIENDS OF TIFERES CHAIM TRUSTEES, REPORT ( CONTINUED ) RISK MANAGEMENT The Trustees have assessed the major risks to which the TTUSt is exposed, in particular those lo the operations and finances of ihe Tn1. and are satisfied that sysm5 are in place to mitigate ils exposure to those nsks. TRUSTEES, RESPONSIBILITIES The Trustees are required to prepare Financial Statements for each financial year which give a true and fair Vie of Ihe state of affairs of the Trust and of its Surplus or deficiency for that period. Tn preparing the Financial Stsiem¢nts. the Trustee5 are rquired . select suithble accountin8 polici and apply them consistently make judgements and estimates that are reasonable and prudent follow applicable accounting siandards, subjeci to any material departteS disc105ed and explained in the Financial Siatcments iv) prepare the Financial Sthtements on the going concern basis unless it is inappropriate to presume that the trust will continue in bsIne&s. The Trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any lim¢ the financial position of the TNst and to enable them 10 ensure that the Financial Statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the Trusi and hence for taking re&sonable steps for the prevenlion and de(e¢tion of fraud and other irregulaniies. Mr Julln Lewin Trustee Date: 8th Juty 2026
BRITISH FRIENDS OF TIFERES CHAIM INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BRITISH FRIENDS OF TIFERE.S CHAIM YEAR E,DED 30 SEPTEMBER 2025 I report on Ihe accounts of the charity for ihe year ¢nded September 2025 set out on pages 4 to 7. RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND INDEPENDENT EXAMINER The charity's trustees are rcswnsible for the preparation of the accounts. The charity's Iruslees consider that an audit Is no( required for ihis year undcr section 144 of ihe Charities Act 2011 (the Chariiies Act) and thw an independent examination is needed. It is my re5ponsibiliry 10. examin¢ the accounts un(kr section 145 of ihe Chariiies Aci, ro follow Ihe predureS laid down in Ihe general Directions given by the Charity Commission (under seccion 145(5)(bl of Ihe Charities Act. and ro state wh¢iher panicular matters have come to rny atteniion. BASIS OF INDEPENDENT EXAMINER'S STATEMENT My examinaiion was carried oui In accordance wilh general Directions given by Ihe Chariry Commission. An examination Includes a review of the accounting r¢¢ords kLpt by the charity's Inislees consider thai an audil is noi required for ihis y¢ar under section 144 of the Charities Act 2011 {Ihe Charities Act) and that an Independeni examination charity and a omparison of ihe accounts presented with ihosc recor<ls. It also inLludes consideration of any unusual items or disclosures in the accounts, and seeking explanaiions from the truste concerning any 8uch matiers. The pr(K¢dures und¢rtak¢n do not provide all ihe evidcnce that would be required in an audit, and consequently no opinion Is given as to wherher the accounis preseni a 'irue and fair. view and ihe report is limiied to ihose matters s¢t out In the statement below. INDEPENDENT EXAMINER'S STATEMENT I have completed my examination. I confirni thai no matters have come to my attention in connection with the examinauon givin8 me reasonable cause to believe Ih81 in any malcriAI respect.. accounting records were not kept In Spect of the chariry as required by section 130 of the 2011 Act; or the aeeounis do not accord with those records; or the a¢¢ounts do noi comply with ihe applicable requirements concerning the forn) and conicnt of accounts se¢ out in the Charities (Accounts and Rewrts} Regulaiions 2008 oiher than any requiremeni that the accounis give a 'true and fair view which is noi a matter considered as part of an independent examination. Mr L. Lerner FCA 9 ll'inchesler Avenue, PTestwich, Manchester M25 OU Independent examiner Date.. 8, July 2026
BRITISH FRIENDS OF TIFERES CHAIM STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2025
| Note £ GENERAL FUND INCOMING RESOURCES 1.2 Incoming Resources from Generating Funds Voluntary Income - Donations Received Bank Interest TOTAL INCOMING RESOURCES RESOURCES EXPENDED Charitable activities 4 584,762 ______ TOTAL RESOURCES EXPENDED NET INCOMING RESOURCES FOR THE YEAR NET UNRESTRICTED FUNDS BROUGHT FORWARD UNRESTRICTED FUND CARRIED FORWARD All movements are in unrestricted funds |
2025 2024 £ £ £ 587,711 459,600 116 177 ______ __ 587,827 459,777 461,677 _ 584,762 461,677 ______ 3,065 (1,900) ______ 371 2,271 _____ __ 3,436 371 _____ _____ |
|---|---|
The notes on pages 6 to 7 form part of these Financial Statements.
4
BRITISH FRIENDS OF TIFERES CHAIM STATENtENT OF FIANcI.L POSITION 30 SEPTEIIBER 2025 2025 2024 CURRENT ASSETS Cash at Bank Debtors 16,230 9,121 NET CURRENT ASSETS 31330 34.121 CRF.DITORS: Amounts falling due within one year NET CURRENT ASSETS 25,230 2&121 CREDITORS: Amounts falling due Ifter one year (21,794) (27,750) NF,T ASSF.T.SILIABILITIES £3.436 £371 UNRESTRICTED FUNDS £3,436 £371 These financial statements were approved by ihe l)oard of tnteeS and authorised for issue on 8" July 2026. and are signed on behalf of the board by-. Julian Lewln - TRUSTEE The noies on pages 6 to 7 forni part of these Financial Staiements.
BRITISH FRIENDS OF TIFERES CHAIM
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
1. GENERAL INFORMATION
The Charity is governed by a Deed of Declaration of Trust dated 12[th] March 2007. The address of the charity is 39 Northumberland Street, Salford M7 4DG.
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 Charities Act 2011.
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. The charity meets the definition of a public benefit entity under FRS 102.
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. There were no significant judgements or estimates made in the preparation of these financial statements.
Fund accounting
General unrestricted funds comprise the accumulated surplus or deficit on income and expenditure account. They are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity.
Incoming resources
Incoming resources represent receipts under gift aid and other donations received and income from syndicated investments in property.
Resources expanded
All expenditure is classified under the Charity's principal categories of charitable and other expenditure and by the type of expense.
6
BRITISH FRIENDS OF TIFERES CHAIM
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
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 payable 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.
4. COSTS OF CHARITABLE ACTIVITIES BY FUND TYPE
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Charitable Activities from Unrestricted Funds | 584,762 | 461,677 |
The costs of charitable activities of £584,762 includes £469,946 to support the charity’s ACHIM, CHAYEINU and other kollel projects based in Manchester UK, and £61,290 to Yeshivat Hiyun Hatalmod in Bnei Brak, Israel to support monthly stipends for research students studying under the Tiferes Chaim Kollel project and £52,066 to Yankov Charitable Trust to support their projects.
5. FUNDS
| Balance at 1stOctober 2024 Net Incoming Resources for the Year Balance at 30thSeptember 2025 |
£ 371 3,065 £3,436 ====== |
|---|---|
7