Docusign Envelope ID: 65B8132A-EFEC-8343-813A-B1713A2DD6F8
COMPANY REGISTRATION NUMBER: 11371961 CHARITY REGISTRATION NUMBER: 1184006
SATMAR MIKVAH LIMITED
COMPANY LIMITED BY GUARANTEE UNAUDITED FINANCIAL STATEMENTS
31 OCTOBER 2025
COHEN ARNOLD Chartered accountants New Burlington House 1075 Finchley Road London NW11 0PU
Docusign Envelope ID: 65B8132A-EFEC-8343-813A-B1713A2DD6F8
SATMAR MIKVAH LIMITED
COMPANY LIMITED BY GUARANTEE
FINANCIAL STATEMENTS
YEAR ENDED 31 OCTOBER 2025
| PAGE | |
|---|---|
| Trustees' annual report (incorporating the director's report) | 1 |
| Independent examiner's report to the trustees | 3 |
| Statement of financial activities (including income and expenditure | |
| account) | 4 |
| Statement of financial position | 5 |
| Notes to the financial statements | 6 |
Docusign Envelope ID: 65B8132A-EFEC-8343-813A-B1713A2DD6F8
SATMAR MIKVAH LIMITED
COMPANY LIMITED BY GUARANTEE
TRUSTEES' ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT)
YEAR ENDED 31 OCTOBER 2025
The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 October 2025.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered charity name Satmar Mikvah Limited Charity registration number 1184006 Company registration number 11371961 Principal office and registered New Burlington House office 1075 Finchley Road London NW11 0PU The trustees Mr I Friedman Mrs E Friedman Mrs S Gross Independent examiner David Goldberg, FCA DChA
STRUCTURE, GOVERNANCE AND MANAGEMENT
The charity was formed on 21 May 2018 and registered with the Charity Commission on 20 June 2019. The charity is governed by its Memorandum and Articles of Association.
The day to day affairs of the charity are administered by the Board of Trustees. None of the Trustees have any beneficial interest in the company.
It is not currently the intention of the trustees of the charity to appoint new Trustees. Should the situation change in the future, the Trustees will apply suitable recruitment and training procedures.
OBJECTIVES AND ACTIVITIES
The objectives of the charity are the advancement of the Jewish religion by maintaining a ritual pool or pools for immersion for religious purposes ("Mikvah") for members of the Jewish faith and in particular by managing anad maintaining "The Satmar Mikvah" in North London.
The Trustees confirm their compliance with the duty to have due regard to the public benefit guidance published by the Charity Commission when reviewing the Charity's aims and objectives and in planning future activities.
ACHIEVEMENTS AND PERFORMANCE
During the year, the charity ensured the continuous operation and upkeep of the Satmar Mikvah, providing a vital resource for the community.
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Docusign Envelope ID: 65B8132A-EFEC-8343-813A-B1713A2DD6F8
SATMAR MIKVAH LIMITED
COMPANY LIMITED BY GUARANTEE
TRUSTEES' ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT) (continued)
YEAR ENDED 31 OCTOBER 2025
FINANCIAL REVIEW
Reserve Policy
It is the policy of the charity to maintain unrestricted funds, at a level which the trustees think appropriate, after considering the future commitments of the charity and the likely costs of the charity for the next year.
As at 31 October 2025 the charity has total funds of £163,571 (2024: £122,178), all of which are unrestricted funds.
Grant making policy
Grants are made to charitable institutions and organisations which accord with the objects of the charity.
Investment Powers and Policy and Objectives
Under the deed of trust, the charity has the power to make any investment which the trustees see fit. The trustees regularly review the charity's position and needs in respect of the investment policy.
The charity's investment policy is to make investments of its free funds which provide a secure stream of income with potential for increases in capital growth with particular preference for low risk secure property investments.
Risk Management
The trustees have identified and reviewed the major risks to which the charity is exposed, in particular those related to the operations and finance of the charity, and are satisfied that systems are in place to manage those risks.
SMALL COMPANY PROVISIONS
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
The trustees' annual report was approved on 24 July 2026 and signed on behalf of the board of trustees by:
MR I FRIEDMAN
Trustee
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Docusign Envelope ID: 65B8132A-EFEC-8343-813A-B1713A2DD6F8
SATMAR MIKVAH LIMITED
COMPANY LIMITED BY GUARANTEE
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SATMAR MIKVAH LIMITED
YEAR ENDED 31 OCTOBER 2025
I report to the trustees on my examination of the financial statements of Satmar Mikvah Limited ('the charity') for the year ended 31 October 2025.
RESPONSIBILITIES AND BASIS OF REPORT
As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act’).
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 the 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.
INDEPENDENT EXAMINER'S STATEMENT
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
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the financial statements do not accord with those records; or
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the financial statements 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 financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (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.
DAVID GOLDBERG, FCA DCHA Independent Examiner
Cohen Arnold New Burlington House 1075 Finchley Road London NW11 0PU 24 July 2026
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Docusign Envelope ID: 65B8132A-EFEC-8343-813A-B1713A2DD6F8
SATMAR MIKVAH LIMITED
COMPANY LIMITED BY GUARANTEE
STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT)
YEAR ENDED 31 OCTOBER 2025
| 2025 | 2025 | 2024 | ||
|---|---|---|---|---|
| Unrestricted | ||||
| funds | Total funds | Total funds | ||
| Note | £ | £ | £ | |
| INCOME AND ENDOWMENTS | ||||
| Donations and legacies | 5 | 98,680 | 98,680 | 130,000 |
| ------------------------------- | ------------------------------- | ------------------------------------- | ||
| TOTAL INCOME | 98,680 | 98,680 | 130,000 | |
| =============================== | =============================== | ===================================== | ||
| EXPENDITURE | ||||
| Expenditure on charitable activities | 6,7 | (57,287) | (57,287) | (46,761) |
| ------------------------------- | ------------------------------- | ------------------------------------- | ||
| TOTAL EXPENDITURE | (57,287) | (57,287) | (46,761) | |
| =============================== | =============================== | ===================================== | ||
| ------------------------------- | ------------------------------- | ------------------------------------- | ||
| NET INCOME AND NET MOVEMENT IN FUNDS | 41,393 | 41,393 | 83,239 | |
| =============================== | =============================== | ===================================== | ||
| RECONCILIATION OF FUNDS | ||||
| Total funds brought forward | 122,178 | 122,178 | 38,939 | |
| ------------------------------------- | ------------------------------------- | ------------------------------------- | ||
| TOTAL FUNDS CARRIED FORWARD | 163,571 | 163,571 | 122,178 | |
| ===================================== | ===================================== | ===================================== |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 6 to 10 form part of these financial statements.
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Docusign Envelope ID: 65B8132A-EFEC-8343-813A-B1713A2DD6F8
SATMAR MIKVAH LIMITED
COMPANY LIMITED BY GUARANTEE
STATEMENT OF FINANCIAL POSITION
31 OCTOBER 2025
| 2025 | 2024 | ||
|---|---|---|---|
| Note | £ | £ | |
| FIXED ASSETS | |||
| Tangible fixed assets | 11 | 199,105 | 41,124 |
| CURRENT ASSETS | |||
| Cash at bank and in hand | 4,466 | 81,054 | |
| CREDITORS: amounts falling due within one year | 12 | (40,000) | – |
| ------------------------------- | ------------------------------- | ||
| NET CURRENT LIABILITIES | (35,534) | 81,054 | |
| ------------------------------------- | ------------------------------------- | ||
| TOTAL ASSETS LESS CURRENT LIABILITIES | 163,571 | 122,178 | |
| ===================================== | ===================================== | ||
| FUNDS OF THE CHARITY | |||
| Unrestricted funds | 163,571 | 122,178 | |
| ------------------------------------- | ------------------------------------- | ||
| TOTAL CHARITY FUNDS | 13 | 163,571 | 122,178 |
| ===================================== | ===================================== |
For the year ending 31 October 2025 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
These financial statements were approved by the board of trustees and authorised for issue on 24 July 2026, and are signed on behalf of the board by:
MR I FRIEDMAN
Trustee
The notes on pages 6 to 10 form part of these financial statements.
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Docusign Envelope ID: 65B8132A-EFEC-8343-813A-B1713A2DD6F8
SATMAR MIKVAH LIMITED COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 OCTOBER 2025
1. GENERAL INFORMATION
The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is New Burlington House, 1075 Finchley Road, London, NW11 0PU.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic 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 Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Companies Act 2006.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
Incoming resources
All income is included in the statement of financial activities when entitlement has passed to the charity, it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured.
Income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
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Docusign Envelope ID: 65B8132A-EFEC-8343-813A-B1713A2DD6F8
SATMAR MIKVAH LIMITED
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 31 OCTOBER 2025
3. ACCOUNTING POLICIES (continued)
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
Expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods.
Expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
Other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or paable including any related transaction costs, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
4. LIMITED BY GUARANTEE
The Charity is a Company limited by guarantee and has no share capital. The liability of each member in the event of winding up is limited to £1.
5. DONATIONS AND LEGACIES
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2025 | Funds | 2024 | |
| £ | £ | £ | £ | |
| DONATIONS | ||||
| Donations | 98,680 | 98,680 | 130,000 | 130,000 |
| =============================== | =============================== | ===================================== | ===================================== |
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Docusign Envelope ID: 65B8132A-EFEC-8343-813A-B1713A2DD6F8
SATMAR MIKVAH LIMITED
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 31 OCTOBER 2025
6. EXPENDITURE ON CHARITABLE ACTIVITIES BY FUND TYPE
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2025 | Funds | 2024 | |
| £ | £ | £ | £ | |
| Mikvah running costs | 56,182 | 56,182 | 45,540 | 45,540 |
| Support costs | 1,105 | 1,105 | 1,221 | 1,221 |
| ------------------------------- | ------------------------------- | ------------------------------- | ------------------------------- | |
| 57,287 | 57,287 | 46,761 | 46,761 | |
| =============================== | =============================== | =============================== | =============================== |
7. EXPENDITURE ON CHARITABLE ACTIVITIES BY ACTIVITY TYPE
| Activities | ||||
|---|---|---|---|---|
| undertaken | Total funds | Total fund | ||
| directly | Support costs | 2025 | 2024 | |
| £ | £ | £ | £ | |
| Mikvah running costs | 56,182 | – | 56,182 | 45,540 |
| Governance costs | – | 1,105 | 1,105 | 1,221 |
| ------------------------------- | -------------------------- | ------------------------------- | ------------------------------- | |
| 56,182 | 1,105 | 57,287 | 46,761 | |
| =============================== | ========================== | =============================== | =============================== | |
| INDEPENDENT EXAMINATION FEES | ||||
| 2025 | 2024 | |||
| £ | £ | |||
| Fees payable to the independent examiner for: | ||||
| Independent examination of the financial statements | 780 ================ |
780 ================ |
8. INDEPENDENT EXAMINATION FEES
9. STAFF COSTS
No salaries or employee benefits were paid during the year.
10. TRUSTEE REMUNERATION AND EXPENSES
No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.
The charity did not meet any expenses incurred by the trustees for services provided to the charity.
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Docusign Envelope ID: 65B8132A-EFEC-8343-813A-B1713A2DD6F8
SATMAR MIKVAH LIMITED
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 31 OCTOBER 2025
11. TANGIBLE FIXED ASSETS
| Fixtures and | ||||
|---|---|---|---|---|
| fittings | ||||
| £ | ||||
| Cost | ||||
| At 1 November 2024 | 41,124 | |||
| Additions | 157,981 | |||
| ------------------------------------- | ||||
| At 31 October 2025 | 199,105 | |||
| ===================================== | ||||
| Depreciation | ||||
| At 1 November 2024 and 31 October 2025 | – | |||
| ===================================== | ||||
| Carrying amount | ||||
| At 31 October 2025 | 199,105 | |||
| ===================================== | ||||
| At 31 October 2024 | 41,124 | |||
| ===================================== | ||||
| CREDITORS: amounts falling due within one year | ||||
| 2025 | 2024 | |||
| £ | £ | |||
| Other creditors | 40,000 | – | ||
| =============================== | ================ | |||
| ANALYSIS OF CHARITABLE FUNDS | ||||
| Unrestricted funds | ||||
| At | At | |||
| 1 November | 31 October | |||
| 2024 | Income | Expenditure | 2025 | |
| £ | £ | £ | £ | |
| General funds | 122,178 | 98,680 | (57,287) | 163,571 |
| ===================================== | =============================== | =============================== | ===================================== | |
| At | At | |||
| 1 November | 31 October | |||
| 2023 | Income | Expenditure | 2024 | |
| £ | £ | £ | £ | |
| General funds | 38,939 =============================== |
130,000 ===================================== |
(46,761) =============================== |
122,178 ===================================== |
12. CREDITORS: amounts falling due within one year
13. ANALYSIS OF CHARITABLE FUNDS
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Docusign Envelope ID: 65B8132A-EFEC-8343-813A-B1713A2DD6F8
SATMAR MIKVAH LIMITED
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 31 OCTOBER 2025
14. ANALYSIS OF NET ASSETS BETWEEN FUNDS
| Unrestricted | Total Funds | |
|---|---|---|
| Funds | 2025 | |
| £ | £ | |
| Tangible fixed assets | 199,105 | 199,105 |
| Current assets | 4,466 | 4,466 |
| Creditors less than 1 year | (40,000) | (40,000) |
| ------------------------------------- | ------------------------------------- | |
| Net assets | 163,571 | 163,571 |
| ===================================== | ===================================== | |
| Unrestricted | Total Funds | |
| Funds | 2024 | |
| £ | £ | |
| Tangible fixed assets | 41,124 | 41,124 |
| Current assets | 81,054 | 81,054 |
| Creditors less than 1 year | – | – |
| ------------------------------------- | ------------------------------------- | |
| Net assets | 122,178 | 122,178 |
| ===================================== | ===================================== |
15. RELATED PARTIES
There were no related party transactions during the year.
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