Charity Registration No. 1176439
SHALSHELES
Trustees, Report and
Financial Statements
For the year ended 31 August 2023
SEFfoN YODAIKEN & CO. LTD
CHARTERED ACcOUNTA￿s
Fainvays House
l)restwich
Manchester
M25 9WS

•Shalsheles•
CONTENTS
Page
Trustees, report
Statement of financial activities
Balance sheet
Notes to the accounts
7-10
Independent examiners report
11

•Shalsheles'
Annual Report of the Trustees
For the year ended 31 August 2023
The TrLtsteel present their annual report for the year ended 31 August 2023 under the
Charities Act 2011, together with the unaudited accounts for the year, and confirni that the
latter comply with the requirements of the Act, the Trnst Deed and the Charities SORP
FRSIOI
REFERENCE AND ADMINISTRATIVE ￿FORmATIoN
The charity registration number is 1176439
Trnstees:
Mr Aryeh khonberg
Mr Abraharn Posen
Mr Zvi Abenson
Charity offi￿.
4 Middleton Road
Manchester
M8 SDS
Accountants:
Sefton Yodaiken &T Co. Ltd Fairways House George Street M25
9WS
STRuclluiL G0vERNANCEAT￿ MANAGEMWf
Governing Body and Appointment of Trustee8
The structure of the charity consists of one set of lrnstees. The i￿ra of trustees is authorised
to appoint new trustees.
Rlsk Management
The iTUStees are responsible for the managen￿Trt of the risk8 faced by the charity. The trustees
meet TegularIy every month to review the risk management procesge8.
Financial and operational risks are considered ateach nwnthly meeting and mitigating actions
have been put in pjace where necessary.
Objects, aims, objectives and activities
The charity is constituted by trust deed and its obiects are to provide the choice of 7 A levels
and 4 level 3 quaIifAcations for 8irls between the ages of 1&18. A variety of vocational courses
offered hairdTessing. aerobics, nutrition etc.
Nurtures theAr physical and emotional developmenL Small in numbers so can provide
indtvidual help and can follow carefully their standard. Gives them an understanding and
appreciation of their heritage. Teaches girls life Bkills to prepare them for their future careers
and lifegoals. Provide extra curricula activities induding trAps both in the UK and abroad to
develop the girls in all areas. Teaches them to reach out and feel responsible for the wider
conunurrity. Includes activities that our students offer for younger girls (8-13) to help them
Overcon￿ social challenges,
EncouTage girls to think independently and develop their critical thinkins Skills. Personal and
emotional development improving their characters to help them become capable responsible
adults and outstanding menthers of society.

•Shalsheles'
Annual Report of the Trnstees
For the year ended 31 August 2023
Statement of Trustees, Responsibilitie8
The Trnstee's are required under the Charities Act 2011 to prepare financial statements for
each financ￿1 year whÈch gKve a true and fair view of the charitys financial activities during
the year and its flnancial position at the end of the financ￿ year. In preparing those financial
statements giving a true and fair view. the board of trustees should follow best pract1￿ and:
Select suitable accounting policies and then apply them consistently;
Make iudgenients and estin￿teS that are reasonable and prudent
State whether applicable accounting standards and statements of reconunended
practice have been followed, subject to any departures diselosed and explained in the
financial statements;
Prepare the financial ststernents on the going concem basis unless it is inappropriate
to presume that the charity will continue to operate.
The trustees are al80 responsÈble for keeping proper accounting records which disdose
rea80nable accuracy the financial wysition of the charity and which enable them to ascertain
the financÈal position of the charity to ensure that the finanaal statements comply with the
requirenients of applicable law and regulation8. They are also responsibIe for safeguarding
the assets 0£ the charity and hence for taking reasonable steps for the prevention and detection
of fraud and other irregularities.
The report was approved by the tsustees on and signed on their behaIf:
Mr A Posen
Trnstee

•ShalsheLes•
Statement of Financial Activitie8
For the year ended 31 August 2023
UnTestricted
funds
Restricted
funds
2023
Total
funds
Totsl
funds
2022
Notes
Donations and legaaes
Other income
Surplus on sale of propety
50,0
50.750
281A59
84,962
467,859
467,859
Total income
467859
50,000
517*59
417.171
Expenditure
Expenditure on charitable activities
Exceptional costs
Grants distributed
316,793
32J17
316,793
32?07
240,090
33394
203
Total expenditure
349,1(Kl
349,1(Xl
273,687
Net income and net ll￿ement in funds
RecottciliAtio# offvmls
Total funds broughtforward
118.759
50,000
168,759
143A84
261,n9
150,0(X)
411,n9
268,235
Totsl funds carried forward
380,478
200,(XM)
580.478
411,719

•Shalsheles•
Balance Sheet
As at 31 August 2023
Notes
2023
2022
Fixed a$8ets
Tangible assets
1,259,128
1,170573
Current a88ets
Debtor8
io
33,997
31150
30,854
66,147
(650)
30,854
(650)
Creditors: due in one year
li
Net current assets
65,497
30,204
Total assets less current liabilities
1,324,625
1,200,777
credit￿ due after one year
12
(744.147)
(789,058)
580A78
411,n9
Funds of the charity
Restricted funds
Unrestricted funds
200,(KKi
380A78
150,(KKi
261,719
580.478
411.n9
The fInar￿la1 statements were approved by the board of tsustee8 and authorized for i58ue on
and are signed on Ed]alf of the EM)ard ty.
Mr A Posen
Trustee

*ShalsheIes•
Notes to the Financial Statements
For the year ended 31 August 2023
General inforniation
The charity is a public entity and a registered charity in England and Wales
and is unincorporated. The principal office is 4 Middleton Road Salford M8 SDS.
Statement of compliance
The8e financial ststements have been prepared in comp]lan￿ with FRS 102, 'The
Financlal Reporting Standard applicable in the UK and the RepubIic 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 the
Republic of Ireland (FRS 102) (Clwities ￿RP (FRS 102)) and the Charities Act 2010.
Accountxng Policies
Basis of preparation
The financial statements have been prepared on the historical cost baBi8.
Going eoncem
There are no material unce￿tieS about the charitys ability to continue.
Fund accounting
UnrestrACted funds are those available for use for general Purp(￿ at the discretion of
the charity trnstees arld governors in ￿TtheTanCe of the charitrfs objects.
Incomirtg resources
All incoming resources are included in the Staten￿lt of financial aclivities when
entitlement has passed to the charity. Lt 18 probable that the economic benefits
assoclated with the transaction will flow to the clwlty and the amount can be re]iably
measured. The following specific policles are applied to particular categories of
income:
Income from donations or 8rants is reco￿lsed Wh￿ there is evidence of
entitIen￿nt to the gfjt, receipt is probable and its amount can be measured
reliably.
Fees and registration fees relate to parentat contribution and are accounted
where there is evidence of entitlenient and can be measured reliably.
Resources Expended
Expenditure is recognised on an accruals basis as a liability is incurred.
Expenditure indudes any VAT which cannot be fully recovered. All costs are
allocated to expenditure categories refiecting the use of the resource.
Tansible assets
Tangible assets are inittally recorded at cost and subsequently stated atCO8t less
any accumulated depreciation and impairment losses.

.Shalsheles•
Notes to the Financial Statements
For the year ended 31 August 2023
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset less
its residual value over the useful economic life of that asset as fo]lows:
Fixtures and fittings-15% reducing balance
Computer equipment- 15% reducing balance
Defined Contribution plans
Contributions to ddined contribution plans are recognised as an expense in the
period in which the related service is provided.
Donations and legacies
Unrestricted
funds
Restricted Total funds Total £unds
funds
2023
Donations
50,(XK)
50,750
Other income
Unrestricted funds
2023
Unrestricted funds
2022
Student fees
Government funding 2023/22
CST security grant
Government furlough ￿ants
183,818
263,189
20,852
IiO,W4
170,759
467,859
281,459

.Shalsheles•
Notes to the Financial Statements
For the year ended 31 August 2023
Analysis of expendlture
Support costs
2023
2022
Staff costs
119288
48,462
110
17,919
2,083
7(M)
48250
s￿50
5,001
5,239
2,777
20,617
21090
524
780
1,606
650
1,310
229
1288
IA56
7,500
1,953
1.411
98,053
30,778
160
8A15
1,414
3,294
32,158
12,448
2,476
2,080
Advertising
Cleaning and waste
Telephone and internet
Repairs
Extracurricular activities
Exam registration fees
Insurance
Postagei printin& stationery
Rates
General office and supplies
Travel
Water
Governance costs
Bank and sitnilar charges
Training costs
Equipment leasing
Professional fees
Library costs
Heat and light- current
Heat and light- hÉstoric
Depreciation
Sundry
6,736
29,406
362
1,701
2,812
989
693
2,253
316,793
240,090
Exceplional costs
2022
Rent
Other interest payable
Consultancy fees
Lenders fees
tegal fees
T Security costs
IK)ss due fraud
Purchase extension fee
10.000
6.774
975
20,852
io,(K)o
1,620
32207
33394

•Shalsheles •
Notes to the Financial Statements
For the year ended 31 August 2023
Staff costs
2022
Wages and salaries
tECturers
S()cial security costs
Employer pension contributions
116,465
48,462
95296
30,778
1,743
1,014
1fi90
167,750
I28￿31
No employee received employee benefits 0£ more than £60,0(K) during the year
Particulars of employees
The average nunther OE employees during the year was as follows:
Teaching and administrative staff
Trustee remuneratl(m and expenses
No remuneration or other benefits from employment with the charity or a related
entity were received by the Trnstees.
Tangible Assets
Land & buildings Computer Fixtures and
£ Eqwpment
Fitting
Total
Cost B/F
AddifiC￿S
Refurbishments
Portacabins
1.166fi46
15,935
57A76
8,000
4,919
1.735
1,173JOO
25.032
57A76
1,248,057
4.919
10,832
1,263308
DePr￿lation
B/F
Charge foT the year
I￿98
453
829
1,500
2,727
1,953
2,351
2J29
4,680
Carrying amount
At 31 August 2023
1,248.057
2,568
8￿3
1,259.128
At 31 August 2022
1,166,646
3,021
1,170573
io

•Shalsheles•
Notes to the Financial Statements
For the year ended 31 August 2023
Debtors: amounts due in one year
io.
2022
2021
New building deposit
Other debtOTS
36.IK)O
771
33,997
33,997
36,771
ii.
Creditors: amounts due in one year
2023
2022
Trade creditors
650
650
Credit¢)rs: anwunts due after one year
2023
Bank loans
Other credAtors and accrnals
28,026
716,121
37fi51
751,207
744,147
789,058

•Shalsheles•
Independent examiners report for the trustees
For the year ended 31 August 2023
I report on the accounts of the Trust for the year ended 31 August 2023 which are set
out on pages 7 to 8.
Respective re8ponsxbilitie8 of trnstees and examiner
As the charity's trustee5 you are responsible for the preparation of the accounts. You
corLsider that the audit requirement of section 144 of the Charities Act 2011 (the Act)
does not apply. It is my responsibility to state, on the basis of procedures specified in
the General Directions given by the Charity Commissioners under section 145(5)(b) of
the Act, whether particular matters have Come to my attention.
Basi8 0£ independent examinerfs report
My examination was carried out in accordance with the General Directions given by
the Charity Commissioners. An examination includes a review of the accounting
records kept by the charity and a comparison of the accounts presented with those
records. It also indudes consideration of any unusual items or disclosures in the
accounts, and seeking explanations from you as trustees concerning any such matters.
The procedures undertaken do not provide all the evidence that would be required in
an audit, and consequently do not express an audit opinion on the view given by the
accounts.
Independent ekniminerfs statement
In connectton with my examinatio￿ no matter has come to my attentio
(l) Which gives me reasonable cause to believe that in any material respect the
requirements
(I)
(u)
to keep accounting records in accordance with section 130 of the Act. and
to prepare accounts which accord with the accounting records and to
compIy with the accounting requirement of the Act
have not been met. or
(2) to whiclL in my opinion, attention should be drawn An order to enable a proper
understanding of the accounts to be reached.
Mr. Sefton Yodaiken
12