Company Registration No. 7601874 Charity Registration No. 1142995
SETHINGTON LIMITED UNAUDITED FINANCIAL STATEMENTS YEAR ENDED 30 APRIL 2025
SETHINGTON LIMITED DIRECTORS / TRUSTEES REPORT YEAR ENDED 30 APRIL 2025
The trustees, who are also directors for the purposes of company law, present their report and accounts for the year ended 30 April 2025.
Reference and Administrative Details
Trustees Mr J Friedman Mr J Grunfeld Mr S B Finkelstein Company Registration No 7601874 Charity Registration No 1142995 Registered Office Kyver & Dale Suite 101, Pride House Shanklin Road London N15 4FB Independent Examiner Jacob Jakobovits FMAAT Kyver & Dale Consultants Ltd Suite 101, Pride House Shanklin Road London N15 4FB
Structure and Objectives
The charity is constituted as a company limited by guarantee and is therefore governed by its Memorandum and Articles of Association. There are no investment restrictions.
The above trustees served throughout the period and there are no other trustees. The Board has the power to appoint additional trustees, as it considers fit.
The objects of the charity are: -
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To advance the education of Jewish pupils according to the tenants of the Orthodox Jewish religion by providing and assisting in the provision of appropriate facilities needed for such purposes, and;
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To promote any purpose that the trustees may decide and that is legally considered charitable.
The charity carries out its objects by way of giving grants to institutions. All decisions are made by a majority vote of the Trustees.
Developments and Activities
The charity is a grant making charity.
The trustees consider that the performance of the charity this period has been most satisfactory. The trustees have identified the risks to which the charity may be exposed and systems have been established to mitigate these risks. Grants are made to such charity organisations whose trustees are known to the trustees of the charitable company in amounts thought appropriate. The trustees have had due regard to guidance published by the Charity Commission, including public benefit guidance.
During the year, the charity made grants and donations of £28,030 (2024 - £21,150).
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SKTHINGION LIMrrED DIREcfoRS ITRUSTEES REPORT YKAR ENDED 30 APRIL2025 (CorfInu) R&%eTV¢S of £971,746 {2024. £960.086) retffesent the fiwj assets (mcluding revahth Tey¢The) and sutns not ye4 d1stslbth. Th¢ pttsent l¢vd of fimditig is ad• to Suiry>cl the WntInu10ll of the ¢barity's activitie i ities of the Thtytees fiDan¢ial p¢Jiod whÈch give a true and fair view of the state of affairs ofth¢ chitabk c4)mpany 8tthe of the YM. rn$t b¢ in accordance with applicable law and regylatioLs aDd in L%)ythn with Unl1 King Generally knept&a ActOUDting PrlIce (UK GAAP). coMY law requirts that trustees must wove the fin¢181 st8tUnthts uttles5 th¢y s*isfied that they gIVe4tr9dfa1rYlcwOfthes1ateoflffIr$0ftht¢hittibleeopaY and of Itssurpl orc1lforthptrIO ID Prep]¥ th¢se fiD8wial ststernty th¢ tnLStees a Tequiffd to s¢le¢t suitsble aceomttitig p)liciu. ald th appty them tl51eI b&%]4 rnakiDg judganents and estinjates that arr #nd reasoD8ble. The trustees comkw will trtinue itt business. Cknrnpany's trdDsa(kn arLd di5clo& with reasonabl¢ a¢curacy at tim< the financial F¥)SAlioD ofthe Lximpany and k) aMblethemto that the financial staknwlts L%>rnply with the Com11¢$ Act 2006. The trust¢es aTe also reswnsllc for safwardtn8 the &8s¢ts of the CoMY hence for tskiD8 steps for the This Tepxt bas be¢4 in with thts provtsions applicabl¢ to eaDpaDies eDti¢kd to th¢ small Apwov¢d on J aNI signed on beIlf of the Boxd of TnLtte.
SETHINGTON LIMITED INDEPENDENT EXAMINERS REPORT TO THE DIRECTORS / TRUSTEES OF SETHINGTON LIMITED YEAR ENDED 30 APRIL 2025
I report to the trustees on my examination of the financial statements of Sethington Limited for the year ended 30 April 2025 which comprise the Statement of Financial Activities, the Balance Sheet and related notes.
Respective Responsibilities of the Trustees and the Examiners
The trustees of the charity (and also its directors for the purposes of company law) are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’). The directors consider that an audit is not required for this year under Section 144 of the Charities Act 2011 (the 2011 Act) or part 16 of the Companies Act 2006 and that an independent examination is required.
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.
Basis of Independent Examiners’ report
Our examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting record 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 the directors concerning any such matter. 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 that report is limited to those matters set out in the statement below.
Independent Examiners’ Statement
Following 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 SORP (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.
Jacob Jakobovits FMAAT Independent Examiner For Kyver & Dale Consultants Ltd Suite 101, Pride House, Shanklin Road London N15 4FB
Date: 27/01/2026
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SETHINGTON LIMITED STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 30 APRIL 2025
| Notes Income Donations Investment Income 3 Total Income Expenditure Investment costs 4 Charitable expenditure 5 Administrative expenses 6 Total Expenditure Net Income for the Year Reconciliation of funds Total funds brought forward Total funds carried forward |
2025 Unrestricted Funds Total Funds £ £ 13,600 13,600 36,823 36,823 50,423 50,423 (9,323) (9,323) (28,030) (28,030) (1,410) (1,410) (38,763) 38,763 11,660 11,660 960,086 960,086 971,746 971,746 |
2024 Total Funds £ 16,000 25,145 |
|---|---|---|
| 41,145 | ||
| (5,066) (21,150) (1,140) |
||
| (27,356) | ||
| 13,789 | ||
| 946,297 | ||
| 960,086 |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
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srATEMEKf OF FINANCIAL POSTfioN YEAR EI¥DED 30 APRIL 21125 2024 Notts Tanle Ass&s J17 lJ17 C&sh at atml in Iw 15.OiY) 61 1 61361 CDrreA¢ IAbilities 71829 59.769 971.746 960.086 971,746 9n,746 971.746 The directors are Mtisfied that the company ts entitl to ¢xernptic• from th¢ provisions of the ComtAnx¢s A 20061th¢ Act) rtiatin8 trj the audtt of the financial ststements for th¢ y¢ar by of section 477. and that tto member (r havere4uedall audit tiO se<kn 476 of the A 2. Pryring financial state4n¢ots 1¢h give a tn and fairviewofthe * of affairs of the C4ym &% at the end of the fiDaD¢ial yeaT and of its pmfit or loss for the finan¢iai year All XLY)rdw with the TequiruneDts of sectts)n 393. and whicb othee cimnpfy with the Thiuiremcnts of Ihe Act to are signed on th T beIlf by: Company Regi51tth)nNo: 7601874
SETHINGTON LIMITED NOTES TO THE ACCOUNTS YEAR ENDED 30 APRIL 2025
1) General Information
The charity is a private company limited by guarantee, registered in England and a registered charity in England. The registered office is located at Kyver & Dale, Suite 101 Pride House, Shanklin Road London N15 4FB.
2) Accounting policies
Basis of Accounting
The accounts have been prepared under the historical cost convention and in accordance with the Companies Act and applicable accounting standards including the SORP (FRS 102) subject to the revaluation of certain fixed assets and the non-provision of depreciation thereon.
The presentation currency is sterling.
Going Concern
The accounts have been prepared on a going concern basis as there are no material uncertainties about the charitable company’s ability to continue.
Investment property
Freehold investment property was valued by the directors/trustees at open market value as at the yearend based on their knowledge of the market. No depreciation is charged on this. The management has concluded that based on this treatment the company’s financial position and performance are fairly presented.
Depreciation
Depreciation is calculated so as to write off the cost of the Fixtures and Furniture, less its estimated residual value over its useful economic life at 15% using the reducing balance method.
| 3) Investment Income Income from UK investment property 4) Investment cost Repairs and maintenance Management fees Insurance Depreciation 5) Charitable expenditure Donations paid 6) Administrative Expenses Accountancy fees Independent Examiners fees General Expenses |
Unrestricted Total Funds Funds £ £ 36,823 36,823 6,036 2,458 829 - 9,323 28,030 810 600 - 1,410 2025 |
2024 Total Funds £ |
|---|---|---|
| 25,145 | ||
| 2,169 1,617 806 474 |
||
| 5,066 | ||
| 21,150 | ||
| 540 600 - |
||
| 1,140 |
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SETHINGTON LIMITED NOTES TO THE ACCOUNTS YEAR ENDED 30 APRIL 2025
(Continued)
| 7) Tangible Assets Cost at 01 May 2024 Depreciation brought forward Value carried forward |
Freehold Property 900,000 - 900,000 900,000 |
Fixtures & Fittings 5,656 - 5,656 5,339 317 |
Total £ 905,656 - |
|---|---|---|---|
| 905,656 | |||
| 5,339 | |||
| 900,317 |
The freehold property is shown at open market value as per the directors valuation.
The charitable company holds the full issued shares in Nostram Ltd, a company registered in England. Group Financial Statements have not been prepared under the exemption of Section 398 of the Companies Act 2006.
| 8) Debtors Sundry debtors 9) Creditors Accruals Sundry Creditors 10) Net movement in funds |
2025 15,000 1,140 452 1,592 |
2024 |
|---|---|---|
| 15,000 | ||
| 1,140 452 |
||
| 1,592 | ||
It is the policy of the charity to move restricted funds to unrestricted funds once it has been spent unless there are restricting conditions even after the income has been spent.
| At 30 April 2024 Incoming resources Expended resources Total funds available for future activities At 30 April 2025 Comparatives for movements in funds; |
Unrestricted Funds £ 960,086 50,423 (38,763) 971,746 |
Total £ 946,297 41,145 (27,356) |
|---|---|---|
| 960,086 | ||
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SETHINGTON LIMITED NOTES TO THE ACCOUNTS YEAR ENDED 30 APRIL 2025
(Continued)
| At 30 April 2023 Incoming resources Expended resources Total funds available for future activities At 30 April 2024 |
Unrestricted Funds £ 946,297 41,145 (27,356) 960,086 |
Total £ 946,297 41,145 (27,356) |
|---|---|---|
| 960,086 |
11) Related party transactions
The management fees were paid to Sparkstone Services Ltd, a company under the control of Mr S B Finkelstein. At the year end, Sparkstone Services Ltd owed the charitable company £15,000 (2023 - £15,000), held on account for maintenance and repairs.
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