**REGISTERED CHARITY NUMBER: 1198349**
## **CHAIM BECHESED (CIO)**
**REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025**
Sugarwhite Meyer Accountants Ltd First Floor 94 Stamford Hill London N16 6XS
## **CHAIM BECHESED (CIO)**
## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025**
|||**Page**||
|---|---|---|---|
|**Reference and Administrative Details**||1||
|**Report of the Trustees**|2|to|3|
|**Independent Examiner's Report**||4||
|**Statement of Financial Activities**||5||
|**Balance Sheet**||6||
|**Cash Flow Statement**||7||
|**Notes to the Cash Flow Statement**||8||
|**Notes to the Financial Statements**|9|to|12|
## **CHAIM BECHESED (CIO)**
## **REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 MAY 2025**
**TRUSTEES** S Weiss C Deutsh (resigned 6.12.24) S Goldberger (resigned 6.12.24) I Kahan (appointed 6.12.24) **PRINCIPAL ADDRESS** 171 Kyverdale Road London N16 6PS **REGISTERED CHARITY** 1198349 **NUMBER**
**INDEPENDENT EXAMINER** Sugarwhite Meyer Accountants Ltd First Floor 94 Stamford Hill London N16 6XS **BANKERS** Metro Bank PLC 1 Southampton Row London WC1B 5HA
Page 1
## **CHAIM BECHESED (CIO)**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MAY 2025**
The trustees present their report with the financial statements of the charity for the year ended 31 May 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).
## **REFERENCE AND ADMINISTRATIVE INFORMATION**
This information is shown on page 1 of the financial statements and forms part of this report.
## **OBJECTIVES AND ACTIVITIES**
## **Objects for public benefit**
The objects of the charity are: the advancement of the Orthodox Jewish faith in Hackney and Haringey in particular, but not exclusively by providing grants towards the cost of running and maintaining synagogues, Jewish religious schools and other places of Jewish religious learning, and funds to organisations and events involved in celebrating the Jewish faith.
The trustees confirm that they have given due regard to the Charity Commission's general guidance on public benefit.
## **Grantmaking**
In general the trustees select the institutions to be supported according to their personal knowledge of work of the institution. Whilst not actively inviting applications, they are always prepared to accept any application which will be carefully considered and help given according to circumstances and funds then available.
Applications by individuals must be accompanied by a letter of recommendation by the applicant's minister or other known religious leader.
## **ACHIEVEMENTS AND PERFORMANCE**
## **Charitable activities**
The trustees are pleased with the results for the year. There was slight dip in the charity's income although there was a slight increase in grantmaking. The charity had a deficit for the year funded from reserves held.
## **FINANCIAL REVIEW**
## **Reserves policy**
The trustees do not seek to maintain reserves, other than to ensure that they can continue the activities of the charity. Reserves at the year end were £5,233 (2024 - £8,163).
## **FUTURE PLANS**
The trustees anticipate that the charity will continue on a similar basis in the foreseeable future subject to satisfactory income and there are no plans for any major changes.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is constituted as a CIO - Foundation and registered on 23 March 2022.
## **Organisational structure**
The power to appoint new trustees is vested in the continuing board. New trustees are appointed based on personal competence, specialist skills and experience. They are inducted into the working of the charity by the current board and are given, in the view of the board, sufficient training to understand the nature of the charity and its working. They are also encouraged to read the Charity Commission's various publications on trustees.
## **Risk management**
The trustees have reviewed the major risks to which the charity is exposed and confirm that they have established systems to mitigate them.
## **STATEMENT OF TRUSTEES' RESPONSIBILITIES**
The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Page 2
## **CHAIM BECHESED (CIO)**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MAY 2025**
## **STATEMENT OF TRUSTEES' RESPONSIBILITIES - continued**
Charity law requires the trustees to prepare financial statements for each financial year. Under that law, the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).
Under charity law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011 and The Charity (Accounts and Reports) Regulations 2008. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the board of trustees on 26 March 2026 and signed on its behalf by:
S Weiss - Trustee
Page 3
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CHAIM BECHESED (CIO)**
## **Independent examiner's report to the trustees of Chaim Bechesed (CIO)**
I report to the charity trustees on my examination of the accounts of Chaim Bechesed (CIO) (the Trust) for the year ended 31 May 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:
1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
2. the accounts do not accord with those records; or
3. 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.
E Meyer FCA BSc
Sugarwhite Meyer Accountants Ltd First Floor 94 Stamford Hill London N16 6XS
26 March 2026
Page 4
## **CHAIM BECHESED (CIO)**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MAY 2025**
|**2025**
**Unrestricted**
**fund**
**Notes**
**£**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
975,703
**EXPENDITURE ON**
**Charitable activities**
2
Grantmaking
976,534
Support costs
2,100
**Total**
978,634
**NET INCOME/(EXPENDITURE)**
(2,931)
**RECONCILIATION OF FUNDS**
Total funds brought forward
8,164
**TOTAL FUNDS CARRIED FORWARD**
5,233|**2024**
**Total**
**funds**
**£**
982,690
970,656
2,427
973,083
9,607
(1,443)
8,164|
|---|---|
The notes form part of these financial statements
Page 5
## **CHAIM BECHESED (CIO)**
## **BALANCE SHEET 31 MAY 2025**
|**Notes**
**CURRENT ASSETS**
Cash at bank and in hand
**CREDITORS**
Amounts falling due within one year
6
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**NET ASSETS**
**FUNDS**
7
Unrestricted funds
**TOTAL FUNDS**|**2025**
**Total**
**funds**
**£**
7,153
(1,920)
5,233
5,233
5,233
5,233
5,233|**2024**
**Total**
**funds**
**£**
10,084
(1,920)
8,164
8,164
8,164
8,164
8,164|
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 26 March 2026 and were signed on its behalf by:
S Weiss - Trustee
The notes form part of these financial statements
Page 6
## **CHAIM BECHESED (CIO)**
## **CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MAY 2025**
|**Notes**
**Cash flows from operating activities**
Cash generated from operations
1
Net cash (used in)/provided by operating activities
**Change in cash and cash equivalents**
**in the reporting period**
**Cash and cash equivalents at the**
**beginning of the reporting period**
**Cash and cash equivalents at the end**
**of the reporting period**|**2025**
**£**
(2,931)
(2,931)
(2,931)
10,084
7,153|**2024**
**£**
9,607|
|---|---|---|
|||9,607|
||||
|||9,607
477|
|||10,084|
The notes form part of these financial statements
Page 7
## **CHAIM BECHESED (CIO)**
## **NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MAY 2025**
## **1. RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES**
|**ACTIVITIES**|||
|---|---|---|
|**Net (expenditure)/income for the reporting period (as per the**
**Statement of Financial Activities)**
**Adjustments for:**
**Net cash (used in)/provided by operations**|**2025**
**£**
(2,931)
(2,931)|**2024**
**£**
9,607|
|||9,607|
## **2. ANALYSIS OF CHANGES IN NET FUNDS**
||**At 1.6.24**|**Cash flow**|**At 31.5.25**|
|---|---|---|---|
||**£**|**£**|**£**|
|**Net cash**||||
|Cash at bank and in hand|10,084|(2,931)|7,153|
||10,084|(2,931)|7,153|
|**Total**|10,084|(2,931)|7,153|
The notes form part of these financial statements
Page 8
## **CHAIM BECHESED (CIO)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 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.
Donations are recognised in the Statement of Financial Activities of the charity when received.
## **Expenditure**
Liabilities are recognised in the year in which they are incurred and includes irrecoverable VAT which is reported as part of the expenditure to which it relates.
Grants are only recognised in the accounts when paid.
Support costs are those incurred to assist the work of the charity but are not direct charitable activities.
Governance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.
## **Taxation**
The charity is exempt from tax on its charitable activities.
## **Going concern**
There are no material uncertainties about the charity's ability to continue.
## **2. CHARITABLE ACTIVITIES COSTS**
|Grantmaking
Support costs|**Grant**
**funding of**
**activities**
**(see note**
**3)**
**£**
976,534
-
976,534|**Support**
**costs (see**
**note 4)**
**£**
-
2,100
2,100|**Totals**
**£**
976,534
2,100|
|---|---|---|---|
||||978,634|
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## **CHAIM BECHESED (CIO)**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MAY 2025**
## **3. GRANTS PAYABLE**
|**3.**
**GRANTS PAYABLE**|||
|---|---|---|
|**2025**
**£**
Grantmaking
976,534
The total grants paid to institutions during the year was as follows:
**2025**
**£**
Relief of poverty
13,038
Medical
-
Advancement of religion
9,304
Advancement of education
-
Social welfare
42,350
64,692
Live and Learn
29,000
Sows Charity
12,750
Chosmeinu
8,950
Mamleches Hachesed
8,500
Others below £5,000
5,492
64,692
The total grants paid to individuals during the year was as follows:
**2025**
**£**
Relief of poverty
911,392
Medical
-
Social welfare
450
911,842
**4.**
**SUPPORT COSTS**
**Governance**
**Other**
**costs**
**£**
**£**
Support costs
180
1,920|**2024**
**£**
970,656||
||**2024**
**£**
16,522
200
63,200
11,244
-
91,166
**2024**
**£**
852,490
27,000
-|**2024**
**£**
16,522
200
63,200
11,244
-|
|||91,166|
||879,490||
||**Totals**
**£**
2,100||
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## **CHAIM BECHESED (CIO)**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MAY 2025**
## **4. SUPPORT COSTS - continued**
Support costs, included in the above, are as follows:
## **Other**
|**Other**|||
|---|---|---|
||**2025**|**2024**|
||**Support**|**Total**|
||**costs**|**activities**|
||**£**|**£**|
|Sundries|180|507|
|**Governance costs**|||
||**2025**|**2024**|
||**Support**|**Total**|
||**costs**|**activities**|
||**£**|**£**|
|Independent examiner's fee|1,200|720|
|Independent examiner's other fees|720|1,200|
||1,920|1,920|
## **5. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 May 2025 nor for the year ended 31 May 2024.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 May 2025 nor for the year ended 31 May 2024.
## **6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|||**2025**|**2024**|
|---|---|---|---|
|||**£**|**£**|
|Other creditors||1,920|1,920|
|**MOVEMENT IN FUNDS**||||
|||**Net**||
|||**movement**|**At**|
||**At 1.6.24**|**in funds**|**31.5.25**|
||**£**|**£**|**£**|
|**Unrestricted funds**||||
|General fund|8,164|(2,931)|5,233|
|**TOTAL FUNDS**|8,164|(2,931)|5,233|
## **7. MOVEMENT IN FUNDS**
Page 11
## **CHAIM BECHESED (CIO)**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MAY 2025**
## **7. MOVEMENT IN FUNDS - continued**
Net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**TOTAL FUNDS**|**Incoming**
**resources**
**£**
975,703
975,703|**Resources**
**Movement**
**expended**
**in funds**
**£**
**£**
(978,634)
(2,931)
(978,634)
(2,931)|
|---|---|---|
## **Comparatives for movement in funds**
|||**Net**||
|---|---|---|---|
|||**movement**|**At**|
||**At 1.6.23**|**in funds**|**31.5.24**|
||**£**|**£**|**£**|
|**Unrestricted funds**||||
|General fund|(1,443)|9,607|8,164|
|**TOTAL FUNDS**|(1,443)|9,607|8,164|
Comparative net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**TOTAL FUNDS**|**Incoming**
**resources**
**£**
982,690
982,690|**Resources**
**Movement**
**expended**
**in funds**
**£**
**£**
(973,083)
9,607
(973,083)
9,607|
|---|---|---|
## **8. RELATED PARTY DISCLOSURES**
The re were no related party transaction in the year (2024 - donation of £653 to Kupach Gemach Trust, a related charity).
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