REGISTERED COMPANY NUMBER: 06494965 (England and Wales) REGISTERED CHARITY NUMBER: 1123578
CHABAD LUBAVITCH (LEEDS) LIMITED (A COMPANY LIMITED BY GUARANTEE)
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025
Sugarwhite Meyer Accountants Ltd First Floor 94 Stamford Hill London N16 6XS
CHABAD LUBAVITCH (LEEDS) LIMITED
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 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 | to | 7 |
| Notes to the Financial Statements | 8 | to | 14 |
CHABAD LUBAVITCH (LEEDS) LIMITED
REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 28 FEBRUARY 2025
TRUSTEES
TRUSTEES Rabbi Y A J Angyalfi Mrs S J G Angyalfi Rabbi R Z Cohen Mr H A Bell Rabbi M Danow COMPANY SECRETARY Rabbi Y A J Angyalfi REGISTERED OFFICE 168 Shadwell Lane Leeds West Yorkshire LS17 8AD REGISTERED COMPANY 06494965 (England and Wales) NUMBER
REGISTERED CHARITY NUMBER
1123578
INDEPENDENT EXAMINER
Sugarwhite Meyer Accountants Ltd First Floor 94 Stamford Hill London N16 6XS
BANKERS
Handelsbanken Lawnswood Business Park Leeds LS16 6QY
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CHABAD LUBAVITCH (LEEDS) LIMITED (REGISTERED NUMBER: 06494965)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 28 FEBRUARY 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 28 February 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 activities
The objects of the charity are to advance and promote and provide facilities for the practice of the Jewish Religion in accordance with Orthodox Jewish tenants and the relief of poverty.
The trustees confirm that they have given due regard the Charity Commission's guidance on public benefit.
Significant Activities
Chabad Lubavitch (Leeds) Ltd continues to deliver a wide range of educational, social and welfare services to the Jewish community across Leeds and Yorkshire. Guided by the teachings of the Lubavitcher Rebbe, our work is rooted in practical kindness, inclusion and a non-judgemental approach to every individual.
Our programmes serve people of all ages, with particular emphasis on supporting those most vulnerable to isolation, financial hardship or limited access to Jewish life.
Children, Youth & Familie s
Our CKids department expanded its reach through After-School Clubs, Mini Camps and a successful Summer Camp. Rabbi Sholem and Mrs Devorah Leah Kalmenson continue to innovate with new initiatives, including the Cooking Club and the Leeds JewQ chapter, strengthened Jewish learning and engagement. Torah Tots and early-years events provided warm, hands-on Jewish experiences for young families.
Chabad House Services
Weekly Shabbos and Sunday services, along with Yom Tov minyanim, continued to attract a growing crowd of young families, children and individuals seeking a welcoming, accessible space for prayer and community. These gatherings offer an uplifting environment for people who may not otherwise attend synagogue, helping them build confidence and connection in Jewish life.
Chabad Young Professionals (CYP)
CYP Leeds remained a strong hub for young adults, offering social events, Shabbat dinners, learning opportunities and supportive peer networks.
Jewish Women's Circle (JWC)
The JWC hosted regular gatherings blending creative workshops, festival-themed activities and Torah-based inspiration, offering women meaningful engagement and a supportive social circle. We also run the Rosh Chodesh Society, a popular monthly class for women give by Mrs Dabrushy Pink.
Welfare Activities
Our welfare response increased as cost-of-living pressures persisted. The Friendship Circle activities for children and adults with additional needs grew steadily, providing companionship, stimulation and inclusion through group sessions and Friends at Home visits. Over 2000 Shabbat Dinner Packs were prepared and delivered homemade kosher meals to elderly, isolated or financially vulnerable individuals by our volunteers.
Education & Community Engagement
Our Jewish Learning Institute continues to offer three semesters a year of high-quality classes, as well as a popular Lunch and Learn. All of our Rabbis teach classes every week with hundreds of hours of study taking place over the year. We ran hands-on Jewish workshops in local schools, strengthening awareness and combating ignorance and antisemitism.
Large-scale community events for Chanukah and Purim, including Public Menorah Lightings, family celebrations and the Car Menorah Parade, reached thousands across the wider community.
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CHABAD LUBAVITCH (LEEDS) LIMITED (REGISTERED NUMBER: 06494965)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 28 FEBRUARY 2025
ACHIEVEMENTS AND PERFORMANCE
Review of activities
The trustees are satisfied with the results of the year. Although income rose by 7%, due to the increased activities expenditure went up by 17%. This left a deficit for the year.
FINANCIAL REVIEW
Reserves policy
Reserves at the year end were £375,209 ( 2024 - £389,435) representing net assets.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Charity constitution
The charity is constituted as a company limited by guarantee and is governed by its Memorandum and Articles of Association dated 6 February 2008.
Recruitment and appointment of new trustees
The power to appoint new trustees is vested in the board. It is not the intention of the trustees 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 to which the charity is exposed and confirm that they have established systems to mitigate them.
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 23 December 2025 and signed on its behalf by:
Rabbi Y A J Angyalfi - Trustee
Page 3
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CHABAD LUBAVITCH (LEEDS) LIMITED
Independent examiner's report to the trustees of Chabad Lubavitch (Leeds) Limited ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 28 February 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:
-
accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
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
23 December 2025
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CHABAD LUBAVITCH (LEEDS) LIMITED
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 28 FEBRUARY 2025
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 74,993 Investment income 3 139 Total 75,132 EXPENDITURE ON Charitable activities 4 Religious & social programmes 69,963 Support 13,202 Total 83,165 NET INCOME/(EXPENDITURE) (8,033) RECONCILIATION OF FUNDS Total funds brought forward 383,242 TOTAL FUNDS CARRIED FORWARD 375,209 |
Restricted fund £ 10,000 - 10,000 16,193 - 16,193 (6,193) 6,193 - |
2025 Total funds £ 84,993 139 85,132 86,156 13,202 99,358 (14,226) 389,435 375,209 |
2024 Total funds £ 78,696 241 78,937 73,669 10,801 84,470 (5,533) 394,968 389,435 |
|---|---|---|---|
The notes form part of these financial statements
Page 5
CHABAD LUBAVITCH (LEEDS) LIMITED (REGISTERED NUMBER: 06494965)
BALANCE SHEET 28 FEBRUARY 2025
| Notes FIXED ASSETS Tangible assets 11 CURRENT ASSETS Debtors 12 Cash at bank CREDITORS Amounts falling due within one year 13 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES CREDITORS Amounts falling due after more than one year 14 NET ASSETS FUNDS 18 Unrestricted funds: General fund Restricted funds: Restricted fund TOTAL FUNDS |
2025 £ 701,326 - 6,803 6,803 (157,920) (151,117) 550,209 (175,000) 375,209 375,209 - 375,209 |
2024 £ 701,768 298 12,846 13,144 (150,477) (137,333) 564,435 (175,000) 389,435 383,242 6,193 389,435 |
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.
The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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
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CHABAD LUBAVITCH (LEEDS) LIMITED (REGISTERED NUMBER: 06494965)
BALANCE SHEET - continued 28 FEBRUARY 2025
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 23 December 2025 and were signed on its behalf by:
Rabbi Y A J Angyalfi - Trustee
The notes form part of these financial statements
Page 7
CHABAD LUBAVITCH (LEEDS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 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
Income received by way of donations is accounted for when received.
Grants, including grants for the purchase of fixed assets, are recognised in full in the statement of financial activities in the year in which they are receivable.
Expenditure
Liabilities are recognised in the year in which they are incurred and includes irrecoverable VAT which is reported as part of the expenditure to which it relates.
Grants are only recognised in the accounts when paid.
Support costs are those incurred to assist the work of the charity but are not direct charitable activities.
Governance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.
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.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
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.
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
Financial instruments
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments.
Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs and subsequently measured at their settlement value.
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CHABAD LUBAVITCH (LEEDS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 28 FEBRUARY 2025
1. ACCOUNTING POLICIES - continued
Financial instruments
Current assets and current liabilities are subsequently measured at the amount expected to be received or paid and not discounted.
Going concern
There are no material uncertainties about the charity's ability to continue.
2. DONATIONS AND LEGACIES
| Unrestricted Restricted funds funds £ £ Donations 69,993 - Grants 5,000 10,000 74,993 10,000 |
2025 Total funds £ 69,993 15,000 84,993 |
2024 Total funds £ 29,683 49,013 |
|---|---|---|
| 78,696 |
Grants received, included in the above, are as follows:
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Other grants | 15,000 | 49,013 |
3. INVESTMENT INCOME
| 2025 Unrestricted Restricted Total funds funds funds £ £ £ Deposit account interest 139 - 139 CHARITABLE ACTIVITIES COSTS Grant funding of Direct activities Support Costs (see (see note costs (see note 5) 6) note 7) £ £ £ Religious & social programmes 75,056 11,100 - Support 11,007 - 2,195 86,063 11,100 2,195 |
2024 Total funds £ 241 Totals £ 86,156 13,202 |
2024 Total funds £ 241 |
|---|---|---|
| 99,358 |
4. CHARITABLE ACTIVITIES COSTS
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CHABAD LUBAVITCH (LEEDS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 28 FEBRUARY 2025
| 5. DIRECT COSTS OF CHARITABLE ACTIVITIES Staff costs Religious & social programmes Property running costs Support costs 6. GRANTS PAYABLE Religious & social programmes The total grants paid to institutions during the year was as follows: Advancement of education The total grants paid to individuals during the year was as follows: Reflief of poverty 7. SUPPORT COSTS Support Support costs, included in the above, are as follows: Governance costs Independent examiner's fee Independent examiner's other fees General expenses |
2025 2024 £ £ 30,691 16,510 33,699 33,564 10,666 11,829 11,007 10,317 86,063 72,220 2025 2024 £ £ 11,100 11,176 2025 2024 £ £ 500 2,400 2025 2024 £ £ 10,600 9,136 Governance costs £ 2,195 2025 2024 Total Support activities £ £ 420 360 420 360 1,355 354 2,195 1,074 |
|---|---|
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CHABAD LUBAVITCH (LEEDS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 28 FEBRUARY 2025
8. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Depreciation - owned assets | 442 | 590 |
9. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 28 February 2025 nor for the year ended 29 February 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 28 February 2025 nor for the year ended 29 February 2024.
10. AVERAGE STAFF NUMBERS
The average number of staff in the year was 2 (2024 - 2)
11. TANGIBLE FIXED ASSETS
| COST At 1 March 2024 and 28 February 2025 DEPRECIATION At 1 March 2024 Charge for year At 28 February 2025 NET BOOK VALUE At 28 February 2025 At 29 February 2024 12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other debtors |
Freehold property £ 700,000 - - - 700,000 700,000 |
Fixtures and fittings £ 22,129 20,361 442 20,803 1,326 1,768 2025 £ - |
Totals £ 722,129 |
|---|---|---|---|
| 20,361 442 |
|||
| 20,803 | |||
| 701,326 | |||
| 701,768 | |||
| 2024 £ 298 |
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CHABAD LUBAVITCH (LEEDS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 28 FEBRUARY 2025
| 13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Bank loans and overdrafts (see note 15) Social security and other taxes Other creditors Accruals and deferred income 14. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR Bank loans (see note 15) 15. LOANS An analysis of the maturity of loans is given below: Amounts falling due within one year on demand: Bank overdrafts Amounts falling between one and two years: Bank loans - 1-2 years Amounts falling due in more than five years: Repayable by instalments: Bank loans more 5 yr by instal 16. SECURED DEBTS The following secured debts are included within creditors: Bank overdrafts Bank loans |
2025 £ 154,924 1,817 339 840 157,920 2025 £ 175,000 2025 £ 154,924 125,000 50,000 2025 £ 154,924 175,000 329,924 |
2024 £ 149,531 - 226 720 |
|---|---|---|
| 150,477 | ||
| 2024 £ 175,000 |
||
| 2024 £ 149,531 |
||
| 125,000 | ||
| 50,000 2024 £ 149,531 175,000 |
||
| 324,531 |
The bank overdraft and loans are secured by legal charges over the charity's freehold property.
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CHABAD LUBAVITCH (LEEDS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 28 FEBRUARY 2025
17. ANALYSIS OF NET ASSETS BETWEEN FUNDS
| 2025 | 2024 | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||||
| fund | fund | funds | funds | ||||
| £ | £ | £ | £ | ||||
| Fixed assets | 701,326 | - | 701,326 | 701,768 | |||
| Current assets | 6,803 | - | 6,803 | 13,144 | |||
| Current liabilities | (157,920) | - | (157,920) | (150,477) | |||
| Long term liabilities | (175,000) | - | (175,000) | (175,000) | |||
| 375,209 | - | 375,209 | 389,435 | ||||
| MOVEMENT IN FUNDS | |||||||
| Net | |||||||
| movement | At | ||||||
| At 1.3.24 | in funds | 28.2.25 | |||||
| £ | £ | £ | |||||
| Unrestricted funds | |||||||
| General fund | 383,242 | (8,033) | 375,209 | ||||
| Restricted funds | |||||||
| Restricted fund | 6,193 | (6,193) | - | ||||
| TOTAL FUNDS | 389,435 | (14,226) | 375,209 | ||||
| Net movement in funds, included in the above are as follows: | |||||||
| Incoming | Resources | Movement | |||||
| resources | expended | in funds | |||||
| £ | £ | £ | |||||
| Unrestricted funds | |||||||
| General fund | 75,132 | (83,165) | (8,033) | ||||
| Restricted funds | |||||||
| Restricted fund | 10,000 | (16,193) | (6,193) | ||||
| TOTAL FUNDS | 85,132 | (99,358) | (14,226) | ||||
| Comparatives for movement in funds | |||||||
| Net | |||||||
| movement | At | ||||||
| At 1.3.23 | in funds | 29.2.24 | |||||
| £ | £ | £ | |||||
| Unrestricted funds | |||||||
| General fund | 394,968 | (11,726) | 383,242 | ||||
| Restricted funds | |||||||
| Restricted fund | - | 6,193 | 6,193 | ||||
| TOTAL FUNDS | 394,968 | (5,533) | 389,435 |
18. MOVEMENT IN FUNDS
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CHABAD LUBAVITCH (LEEDS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 28 FEBRUARY 2025
18. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 69,027 | (80,753) | (11,726) |
| Restricted funds | |||
| Restricted fund | 9,910 | (3,717) | 6,193 |
| TOTAL FUNDS | 78,937 | (84,470) | (5,533) |
19. RELATED PARTY DISCLOSURES
The charity made a donation of £Nil (2024 - £2,400 to a charity with a trustee in common).
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