**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: - 1. 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; 2. 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). - 1 - 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>c￿l the WntInu￿10ll 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¢ ch*itabk c4)mpany 8tthe of the YM. rn￿$t b¢ in accordance with applicable law and regylatioLs aDd in *L%)ythn￿ with Unl￿1 King Generally knept&a ActOUDting Pr￿lIce (UK GAAP). coM￿Y law requirts that trustees must wove the fin￿¢181 st8tUnthts uttles5 th¢y s*isfied that they gIVe4tr￿9￿dfa1rYlcwOfthes1ateoflff￿Ir$0ftht¢h￿ittibleeo￿pa￿Y and of Itssurpl￿ or￿c1lforth￿ptrIO ID Prep￿]￿¥ th¢se fiD8wial ststern￿ty th¢ tnLStees a￿ Tequiffd to s¢le¢t suitsble aceomttitig p)liciu. ald th appty them t￿l51e￿I b&%]4 rnakiDg judganents and estinjates that arr #nd reasoD8ble. The trustees comkw will ￿trtinue itt business. Cknrnpany's trdDsa(kn arLd di5clo& with reasonabl¢ a¢curacy at tim< the financial F¥)SAlioD ofthe Lximpany and k) aMblethemto that the financial staknwlts L%>rnply with the Com￿11¢$ Act 2006. The trust¢es aTe also reswnsl￿lc for safwardtn8 the &8s¢ts of the CoM￿Y 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 beI￿lf 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: 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 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 - 3 - ## **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. - 4 - srATEMEKf OF FINANCIAL POSTfioN YEAR EI¥DED 30 APRIL 21125 2024 Notts Tan￿le Ass&s J17 lJ17 C&sh at atml in Iw 15.OiY) 61 1 61361 CDrreA¢ IA*bilities 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 havere4ue*dall audit ￿￿￿tiO se**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| - 6 - ## **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| |||| - 7 - ## **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. - 8 -