Charity Registration No. 1176439 SHALSHELES Trustees, Report and Financial Statements For the year ended 31 August 2024 SEFfoN YODAIKEN & CO. LTD CHARTERED ACCOUNfANTS Fairways House Prestwich Manchester M25 9WS
•Shalsheles• CONTENTS Page Trnstees, report Statement 0£ flnancial activities Balance sheet Notes to the accounts 7-10 Independent examiners report li
•ShaLsheles" Annual Report of the Trn8tees For the year ended 31 August 2024 The Trustee present their amiual report for the year ended 31 August 2024 under the Chatities Act 2011, together with the unaudited accounts for the year, and eonfirni that the lattet comply with the reqUirenThts of the ACL the Trnst Deed and the Charities SORP FRSIO2. REFERENCE AND ADMINISTRATIVE ll¥FORMATION The charity registsation nunkner is 1176439 Mr Aryeh *honberg Trustees: Mr Zvi Abenson Clwity office: 4 Middleton Road Manchester M8 SDS Accountants: Sefton Yodaiken & Co. Ltd Fairways House George Street M25 9WS STRUCTiIRE GOVERNANCE AND MANAGEMENT Governing Body and Appointment of Trustees The structure of the charity consists of one set of trustees. The board of trustees is authiSed to appoint new trustees. Risk Manasement The trustees are responsible for the manageinent of the risks facedby the charity, The trustees meet regularly every month to review the risk management processes. Firwicial and operational risks are considered ateach llnthlY ntIng andmiti8ating actions have been put in place where necessary. Objects, aims, objectives and activities The charity is constituted by trnst deed and its objects are to provide the choice of 7 A levels and 4 level 3 qualifications foT girls lkneen the ages of 16-18. A variety of vocational courseB offered hairdressing, aerobics, nutrition etc. Nurtures their physAcal and emotional development. Small in numbers 80 can provide individual help and can follow caTefully their standard. Gives them an understanding and appreciation of thellr heritage. Teaches girls life skills to prepare them for their fiLture careers and lifjegoals. Provide extra curricula activities including trips both in the UK and abroad to develop the girls in all areas. Teaches them to reach out and feel responsible for the wider community. Includes aCtieS that our students offer for younger girls (&13) to help them overcome social challenges. Encourage 8irls to think independently and develop their critical thinking skills. Personal and entional deVelOpnnt improving their characters to help them become capable responsible adults and outstanding members of lety.
•Shalsheles' Annual Report of the Trustees For the year ended 31 August 2024 Statement of Trustees, Responsibilities The Trustee's are required under the Charities Act 2011 to Prepare finattcl statements for each financial year which give a true and fair view of the charitys financial activities during the year and its financial position at the end of the financial year. In preparing those financi statements giving a true and fair view, the board of trustees should follow best practice and: Select suitable accounting policies and then apply them consistendy; Make Judgements and esIinteS that are reasonable and prudenL' State whether applicable accounting stsndards and statements of recommended PTactAce have been followed. subiect to any departures disdosed and explained in the financial statements; Prepare the financial statements on the 8oing coern basis unless it is inappTopriate to PTesume that the charity will continue to operate. The trustees are also responsible for keeping proper accounting records which disclose with reasonable accuracy the financ position of the charity and which enable them to ascertain the financial position of the charity to ensure that the financial statements coniply with the Tequirements of appltcable law and regulations. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the preventionand detection of fraud and other irregularities. The report was approved by the trustees on and signed on their lAlf. Mr A Posen Trustee
•Shalsheles• Statement of Financial Activities For the year ended 31 August 2024 Unrestricted funds 2024 Restricted funds Total funds ' 2024 Total funds 2023 Notes Iffcome endoT4trnents Donations and legacies Other income 151,160 630,798 151,160 630,798 , 50,000 467,859 Totsl income 781,958 781.958 517059 Expettdttsre Expenditure on charitsble activities Exceptlonal costs Giants distributed 414,9(Ll 54.655 2,955 414,903 54,655 2,955 316,793 32.307 Totsl expenditure 472513 472,513 349,11 Net income and net nwvenwit infunds Reconciliation offuNds Totsl funds brought forward 309,445 309,445 168,759 380A78 580A78 411,719 Toial funds carried forward 689,923 2,000 889,923 580,478
•Shalsheles' Balance Sheet As at 31 August 2024 Notes 2024 Fixed a58ets Tangible assets iJ25*23 1,259,128 Current a88ets Debtors Cash in bank io 36,235 163,485 33,997 32,150 199,720 (11,084) 66,147 (650), Creditozs: due in one year li Net current assets 188ffl6 65,497 Totsl assets less current ]iabilities 1514A59 lJ24,625 Creditorn: due after one year 12 (624,536) (744,147) 889,923 580A78 Funds of the charity Restricted funds Unrestricted f(mds 200,OLK) 689.923 2,0 380,478 889.923 580A78 The financlal statements were approved by the ix)ard of trustees and authorized for issue on and are signed on behalf of the board by.. MT A Posen Trustee
•Shalsheles' Notes to the Financial Statements For the year ended 31 Ausust 2024 General inforniation The charity is a public benefit entity and a Tegistered chlty in England and Wales and is unincotporated. The Principal office is 4 Middleton Road Salford M8 SDS. Statement of compliance These financial statements have been prepared in compliance with FRS 102, 'The FInanL1 Reporting Standard applicable in the UK and the Repub]ic of treland,, the ststement of Reconunended Practice applicable to charities Preparing their accounts in accordance with the Financi Reporting Standard applicable in the UK'and the Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Charities Act 2010. A¢counting Policies Basi5 of preparation The financ statements have been prepared on the historical cost basis. Going concern There are no material uncertainties about the charity's ability to continue. Fmid accounting Unrestsicted fimds are those available for use for general purposes at the discretion of the charity trustees and governors in furtheran of the charitys object8. Incoming resouree8 All incoming resources are irduded in the statement of financial activities wh entitlement has passed to the charity: it is probable that the economic bendits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific poliaes are applied to parttcu]ar categories of Income from donations or grants is recognised when there 15 evldence ol entitlement to the gift, Tec&pt i5 probable and its amount can be measured reliably. Fees and resistration fees relate to paTental contribution and are accounted where there is eviden of entitlement and can be measured reliably. Resources Expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered. All costs are allocated to expendire categories reflecting the use of the resource. Tangible assets Tangible assets are initially recorded at C05t and subsequently stated at cost less any accumulated depreciation and impainnent Iosses.
•Shalsheles• Notes to the Financial Statements For the year ended 31 August 2024 Deprecxation 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 follows: Fixtures and fittings-15% reducing balan Computer equipment- 15% reducing balance De£lned Contribution plan8 Contributions t() defined contribution plans are recognised as an expense in the period in which the related service is provided. Donations and lesacxes Unrestricted funds Restricted Total funds Total funds bjnds 2024 2023 Donations 151,161 151,161 50,000 Other Income Unrestricted funds 2024 Unrestricted funds 2023 Student fees Government funding 2024/23 CST security grant 113,551 447,945 69302 183,818 263,189 20,852 630,798 467,859
•Shalsheles• Notes to the Financial Statements For the year ended 31 August 2024 Analysis of expendlture Support costs 2024 2023 Staff costs 151,200 34,774 586 23,820 7,097 12,877 35,582 26,1 677 8,747 818 47,9(A) 27,251 2,035 119,288 48,462 iio 17,919 2,083 700 48250 5,550 5,001 5,239 2,777 20,617 21,8 524 Advertising aeaning and waste Telephone, internet & Repairs ExtracurricuIar activities Exam registration £ees Insurance Postagei printin& stationery Rates General office and supplies Travel Water Governance costs Bank and similar charges Rental costs Training costs Equipment leasing Legal & professional fees Library costs Heat and light- current Heat and light- historic Depreciation Sundry 1,571 6,420 1,606 iJio 229 11,190 13,030 1,456 7,500 1,953 IAII 1,757 414,903 316,793 Exceptional e08ts 2024 2023 Consultancy fees t£gal fees CST security costs Loss due fraud 975 2052 10,000 54,655 54h55 32.307
•Shalsheles• Notes to the Financial Statements For the year ended 31 August 2024 Staff costs 2024 2023 Wages and salaries 151136 34,744 116,465 48,462 Social security costs Employer pension contributions 2,487 1,890 191,970 167,750 No employee received employee bendits of more than £,()0 during the year Particulars of employees The average number of employees during the year was as follows: 2024 2023 Teaching and administrative staff Trustee renwneration and expen8e8 No remuneration or other benefits from employment with the charity OT a related entity were received by the Trustees. Tansible Assets Land & buildings Computer Fixtures and Equipment Fitting Total Cost B/F Additions Fencing Portacabins 1248.057 29,161 31530 7,120 4.919 10832 641 I,26308 29A02 31530 7,120 lJ15068 4,919 11,473 I2260 Depreciation B/F Charge for the year 2251 2,329 1.372 4.680 1,757 3.701 6A37 Carrying amount At 31 August 2024 1215368 2.183 iJ25fi23 At 31 AugLLSt 2023 1.248.057 2568 1259,128 io
•Shalsheles• Notes to the Financial Statements For the year ended 31 August 2024 io. Debtors: amounts due in one year 2024 2023 Other debtors 36.235 33,997 ii. Creditors: anUnts due in one year 2024 2023 Trade creditors 11,084 650 Iz Creditors: amounts due after one year 2023 Bank loans Other creditors and accrnaL8 18,155 606,381 28,026 716,121 62436 744,147 li
•Shalshdes• Independent examiners report for the trustees For the year ended 31 August 2024 I report on the accounts of the Trust for the year ended 31 August 2024 which are set out on pages 7 to 8. Respective responsibilities of trustees and exaniiner As the chariws trustees you are responsible for the preparation of the accounts. You onsider that the audit requirement of section 144 of the Charities Act 2011 (the Act) does not apply. It is my responsibiIity to state, on the basis of procedures specified in the General Directions given by the Charity Commissioners under section 145(5)(b) 0£ the Act, whether particular matters have come to my attention. Basis of independent examAnerfs report My examination was carried out in accordance with the General Directlons given by the Charity Conimissioners. An examknation includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration ol any unusuaI 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 examlner's statement In connection with my examiltio no matter has come to my attention." {1) Which gives me reasonable cause to believe that in any material respect the requirements to keep accounting records in accordance with section 130 of the Act; and to prepare accounts which accord with the accounting records and to comply with the accounting requirement of the Act have not been met; or (ll) (2) to which, in my Opinio attention should be drawn in order to enable a proper understanding of the accounts to k reached. Mr. Sefton Yodaiken 12