2025-03-31-accounts - Lechem Shlomo

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REGISTERED CHARITY NUMBER: 1157730

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

LECHEM SHLOMO (C.I.O)

Venitt and Greaves Chartered Accountants 115 Craven Park Road South Tottenham London N15 6BL

LECHEM SHLOMO (C.I.O)

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

		Page
Report of the Trustees	1	to	2
Independent Examiner's Report		3
Statement of Financial Activities		4
Balance Sheet		5
Cash Flow Statement		6
Notes to the Cash Flow Statement		7
Notes to the Financial Statements	8	to	12

LECHEM SHLOMO (C.I.O)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

The trustees present their report with the financial statements of the charity for the year ended 31 March 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 advancement of the Orthodox Jewish religion, Orthodox Jewish education and education in general. The relief of poverty, sickness, infirmity for the public benefit, and other purposes that are charitable according to English law as the trustees may from time to time in their absolute discretion determine.

Significant activities

The financial results of the Company's activities for the period ended 31 March 2025 are fully reflected in the attached financial statements together with the notes thereon.

During the year under review the charity raised substantial funds and has spent almost all of the funds raised in the furtherance of its objectives.

Public benefit

The trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the aims and objectives and in planning the charity's future activities. The aims of the charitable company for the public benefit are detailed in the Objectives and Activities section of the report.

Grantmaking

Grants are made at the discretion of the trustees and in accordance with the principal objectives of the charity.

ACHIEVEMENTS AND PERFORMANCE

Charitable activities

During the year under review the charity received generous donations that amounted to £909,670 (2024: £776,110) and spent £861,485 (2024: £753,192) on charitable activities.

FINANCIAL REVIEW

Reserves policy

It is the policy of the charity to maintain unrestricted funds, which are the free reserves of the charity, at a level which the trustees think appropriate after considering the future commitments of the charity and the likely administrative costs of the charity for the next year.

FUTURE PLANS

The charity plans to continue its activities subject to satisfactory incoming resources.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

Lechem Sholomo is a Charitable Incorporated Organisation (CIO), registered with the Charity Commission and governed by its constitution dated 04 July 2014.

Recruitment and appointment of new trustees

The power to appoint new trustees is vested in the current board. It is not the intention of the trustees of the charity 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 a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number

1157730

Page 1

LECHEM SHLOMO (C.I.O)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

Principal address

18 GEORGE CLOSE CANVEY ISLAND SS8 9PU

Trustees

S Gutmann J Matyas S Krausz

Independent Examiner

Venitt and Greaves Chartered Accountants 115 Craven Park Road South Tottenham London N15 6BL

Approved by order of the board of trustees on 7 January 2026 and signed on its behalf by:

S Gutmann - Trustee

Page 2

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LECHEM SHLOMO (C.I.O)

Independent examiner's report to the trustees of Lechem Shlomo (C.I.O)

I report to the charity trustees on my examination of the accounts of Lechem Shlomo (C.I.O) (the Trust) for the year ended 31 March 2025.

Responsibilities and basis of report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the 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 material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
the accounts do not accord with those records; or
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.

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.

M A Venitt, A.C.A

Venitt and Greaves Chartered Accountants 115 Craven Park Road South Tottenham London N15 6BL

7 January 2026

Page 3

LECHEM SHLOMO (C.I.O)

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025

31.3.25 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 909,670 Investment income 3 327 Total 909,997 EXPENDITURE ON Charitable activities 4 Charitable activities 861,485 Other 1,200 Total 862,685 NET INCOME 47,312 RECONCILIATION OF FUNDS Total funds brought forward 45,069 TOTAL FUNDS CARRIED FORWARD 92,381	31.3.24 Total funds £ 776,110 1,028
	777,138
	753,192 978
	754,170
	22,968 22,101
	45,069

The notes form part of these financial statements

Page 4

LECHEM SHLOMO (C.I.O)

BALANCE SHEET 31 MARCH 2025

		31.3.25	31.3.24
		Unrestricted	Total
		fund	funds
	Notes	£	£
CURRENT ASSETS
Debtors	9	3,500	3,000
Cash at bank		90,981	42,969
		94,481	45,969
CREDITORS
Amounts falling due within one year	10	(2,100)	(900)
NET CURRENT ASSETS		92,381	45,069
TOTAL ASSETS LESS CURRENT
LIABILITIES		92,381	45,069
NET ASSETS		92,381	45,069
FUNDS	11
Unrestricted funds		92,381	45,069
TOTAL FUNDS		92,381	45,069

The financial statements were approved by the Board of Trustees and authorised for issue on 7 January 2026 and were signed on its behalf by:

S Gutmann - Trustee

J Matyas - Trustee

S Krausz - Trustee

The notes form part of these financial statements

Page 5

LECHEM SHLOMO (C.I.O)

CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2025

		31.3.25	31.3.24
	Notes	£	£
Cash flows from operating activities
Cash generated from operations	1	47,685	19,360
Net cash provided by operating activities		47,685	19,360
Cash flows from investing activities
Interest received		327	1,028
Net cash provided by investing activities		327	1,028

Change in cash and cash equivalents in
the reporting period		48,012	20,388
Cash and cash equivalents at the
beginning of the reporting period		42,969	22,581
Cash and cash equivalents at the end of
the reporting period		90,981	42,969

The notes form part of these financial statements

Page 6

LECHEM SHLOMO (C.I.O)

NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2025

RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM	OPERATING ACTIVITIES	OPERATING ACTIVITIES
	31.3.25	31.3.24
	£	£
Net income for the reporting period (as per the Statement of Financial
Activities)	47,312	22,968
Adjustments for:
Interest received	(327)	(1,028)
Increase in debtors	(500)	(3,000)
Increase in creditors	1,200	420
Net cash provided by operations	47,685	19,360

2. ANALYSIS OF CHANGES IN NET FUNDS

At 1.4.24 Cash flow At £ £ Net cash Cash at bank 42,969 48,012 42,969 48,012 Total 42,969 48,012	31.3.25 £ 90,981
	90,981
	90,981

The notes form part of these financial statements

Page 7

LECHEM SHLOMO (C.I.O)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, 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 Charities Act 2011. The financial statements have been prepared under the historical cost convention.

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.

Governance costs

Governance costs are associated with the governance arrangements of the charity and relate to the general running of the charity. These costs include audit, legal advice for Trustees and costs associated with meeting constitutional and statutory requirements such as the cost of Trustee meetings and the preparation of the statutory accounts.

Taxation

The charity is exempt from 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.

2. DONATIONS AND LEGACIES

DONATIONS AND LEGACIES
	31.3.25	31.3.24
	£	£
Donations	909,670	776,110

continued...

Page 8

LECHEM SHLOMO (C.I.O)

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

3. INVESTMENT INCOME

Deposit account interest 4. CHARITABLE ACTIVITIES COSTS Charitable activities 5. GRANTS PAYABLE Charitable activities 6. SUPPORT COSTS Other resources expended Charitable activities	Direct Costs £ 7,100	31.3.25 £ 327 Grant funding of activities Support (see note costs (see 5) note 6) £ £ 853,701 684 31.3.25 £ 853,701 Governance Finance costs £ £ - 1,200 684 - 684 1,200	31.3.24 £ 1,028 Totals £ 861,485	31.3.24 £ 1,028 Totals £ 861,485
			31.3.24 £ 742,180
			Totals £ 1,200 684 1,884
				1,884

7. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.

8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

	Unrestricted
	fund
	£
INCOME AND ENDOWMENTS FROM
Donations and legacies	776,110
Investment income	1,028
Total	777,138
EXPENDITURE ON
Charitable activities
Charitable activities	753,192

continued...

Page 9

LECHEM SHLOMO (C.I.O)

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

8.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
				Unrestricted
				fund
				£
	Other			978
	Total			754,170
	NET INCOME			22,968
	RECONCILIATION OF FUNDS
	Total funds brought forward			22,101
	TOTAL FUNDS CARRIED FORWARD			45,069
9.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
			31.3.25	31.3.24
			£	£
	Other debtors		3,500	3,000
10.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
			31.3.25	31.3.24
			£	£
	Other creditors		2,100	900
11.	MOVEMENT IN FUNDS
			Net
			movement	At
		At 1.4.24	in funds	31.3.25
		£	£	£
	Unrestricted funds
	General fund	45,069	47,312	92,381
	TOTAL FUNDS	45,069	47,312	92,381
	Net movement in funds, included in the above are as follows:
		Incoming	Resources	Movement
		resources	expended	in funds
		£	£	£
	Unrestricted funds
	General fund	909,997	(862,685)	47,312
	TOTAL FUNDS	909,997	(862,685)	47,312

continued...

Page 10

LECHEM SHLOMO (C.I.O)

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

11. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

		Net
		movement	At
	At 1.4.23	in funds	31.3.24
	£	£	£
Unrestricted funds
General fund	22,101	22,968	45,069
TOTAL FUNDS	22,101	22,968	45,069

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds General fund TOTAL FUNDS	Incoming resources £ 777,138 777,138	Resources Movement expended in funds £ £ (754,170) 22,968 (754,170) 22,968	Resources Movement expended in funds £ £ (754,170) 22,968 (754,170) 22,968
			22,968

A current year 12 months and prior year 12 months combined position is as follows:

		Net
		movement	At
	At 1.4.23	in funds	31.3.25
	£	£	£
Unrestricted funds
General fund	22,101	70,280	92,381
TOTAL FUNDS	22,101	70,280	92,381

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

	Incoming	Resources	Movement
	resources	expended	in funds
	£	£	£
Unrestricted funds
General fund	1,687,135	(1,616,855 )	70,280
TOTAL FUNDS	1,687,135	(1,616,855 )	70,280

continued...

Page 11

LECHEM SHLOMO (C.I.O)

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

12. RELATED PARTY DISCLOSURES

During the period under review the charity paid £3,549 in donations to Yeshuos Shabbos. The charity and Yeshuos Shabbos share a common trustee.

Page 12