COMPANY REGISTRATION NUMBER: 15298470 CHARITY REGISTRATION NUMBER: 1207257
Bli Shem Ltd
Company Limited by Guarantee
Unaudited Financial Statements
30 November 2025
CHARTWELL ACCOUNTANTS & BUSINESS CONSULTANTS LLP
Chartered Certified Accountants
47 Bury New Road Prestwich Manchester M25 9JY
Bli Shem Ltd
Company Limited by Guarantee
Financial Statements
Year ended 30 November 2025
| Page | |
|---|---|
| Trustees' annual report (incorporating the director's report) | 1 |
| Independent examiner's report to the trustees | 4 |
| Statement of financial activities (including income and | |
| expenditure account) | 5 |
| Statement of financial position | 6 |
| Notes to the financial statements | 7 |
Bli Shem Ltd
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report)
Year ended 30 November 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 30 November 2025.
Reference and administrative details
Registered charity name Bli Shem Ltd Charity registration number 1207257 Company registration number 15298470 Principal office and registered 7 Villa Place office Gateshead NE8 1RY
The trustees
Mr C Spitzer Mr G Schauder Mr M Grosskopf Mr C M Sandler
Independent examiner M Guttentag FCCA of Chartwell Accountants & Business Consultants LLP 47 Bury New Road Prestwich Manchester M25 9JY
Structure, governance and management
Bli Shem Ltd was incorporated on the 21st of November 2023 as a company Limited by Guarantee with company number 15298470. It was registered as a charity with the Charities Commission on the 29th of February 2024 governed by its Memorandum and Articles. The charity registration number is 1207257.
Risk review
The Trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the charity, and are satisfied that systems are in place to manage exposure to the major risks.
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Bli Shem Ltd
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 30 November 2025
Objectives and activities
The objectives of the charity are: To further or benefit the residents of Gateshead and the surrounding areas by associating together the said residents and the local authorities, voluntary and other organisations in a common effort to advance education and to provide facilities in the interests of social welfare for recreation and leisure time occupation with the objective of improving the conditions of life for the residents, including improving their mental health, in line with Orthodox Jewish practice; The prevention or relief of poverty or financial hardship, particularly but not exclusively in Gateshead and the surrounding areas, for example by providing grants, items and/or services to individuals in need and/or charities or other organisations working to prevent or relieve poverty in line with Orthodox Jewish practice.
Public benefit
The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning future activities.
Achievements and performance
With the Charity continuing to build on its activities during the year, the Trustees are pleased to report that over 650 classes and events were delivered free of charge to residents of Gateshead and the surrounding areas, in accordance with the objectives of the Charity. These included educational classes and family learning sessions, social and leisure activities, career development workshops, life-skills support and group therapy sessions. The activities provided opportunities for learning, social interaction and personal development, helping to reduce isolation and improve the wellbeing of participants.
The Charity was also successful in securing a £19,970 grant from the The National Lottery Community Fund to support Orthodox Jewish mothers facing financial and social barriers. The funding has enabled the Charity to provide career development and income-generation skills, life-skills support and group therapy, with the aim of improving economic independence and wellbeing. £8,283 of the grant was spent during the year, with the remaining £11,687 held as restricted funds for use in the following year.
The Charity continued to support individuals experiencing financial hardship, working alongside other local charities where appropriate and providing financial assistance to those in need. During the year, grants totalling £7,800 were provided to individuals, compared with £951 in the previous year. The Trustees are pleased that the Charity has been able to provide this support to members of the local community and remains committed to assisting those experiencing financial and social difficulties.
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Bli Shem Ltd
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 30 November 2025
Financial review
During the year, the Charity received £25,988 in donations, in addition to the £19,970 grant from The National Lottery Community Fund referred to above. The Charity continued to direct its resources towards the delivery of its charitable activities and the provision of financial assistance to individuals in need. Programme expenditure during the year totalled £20,645, with a further £7,800 provided in grants to individuals experiencing financial hardship.
The Trustees are satisfied that the Charity has sufficient reserves and financial resources to meet its ongoing commitments and to maintain its current programme of activities and charitable services during the forthcoming year. The Trustees will continue to monitor the financial position of the Charity and ensure that available resources are managed responsibly and used effectively in furtherance of its charitable objectives.
Reserves policy
The Charity aims to maintain a level of unrestricted reserves sufficient to meet its ongoing commitments and to enable it to continue operating and delivering its charitable activities in the event of unexpected financial pressures or fluctuations in income.
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 28 August 2026 and signed on behalf of the board of trustees by:
Mr C Spitzer Trustee
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Bli Shem Ltd
Company Limited by Guarantee
Independent Examiner's Report to the Trustees of Bli Shem Ltd
Year ended 30 November 2025
I report to the trustees on my examination of the financial statements of Bli Shem Ltd ('the charity') for the year ended 30 November 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:
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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.
M Guttentag FCCA of Chartwell Accountants & Business Consultants LLP Independent Examiner
47 Bury New Road Prestwich Manchester M25 9JY
28 August 2026
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Bli Shem Ltd
Company Limited by Guarantee
Statement of Financial Activities (including income and expenditure account)
Year ended 30 November 2025
| Period from | |||||
|---|---|---|---|---|---|
| 21 Nov 23 to | |||||
| Year | to 30 Nov 25 | 30 Nov 24 | |||
| Unrestricted | Restricted | ||||
| funds | fundsTotal funds | Total funds | |||
| Note | £ | £ | £ | £ | |
| Income and endowments | |||||
| Donations and legacies | 5 | 25,988 | 19,970 | 45,958 | 51,633 |
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| Total income | 25,988 | 19,970 | 45,958 | 51,633 | |
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| Expenditure | |||||
| Expenditure on charitable activities | 6,7 | 38,014 | 8,283 | 46,298 | 35,364 |
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| Total expenditure | 38,014 | 8,283 | 46,298 | 35,364 | |
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| Net (expenditure)/income and net | |||||
| movement in funds | (12,026) | 11,687 | (340) | 16,269 |
|
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| Reconciliation of funds | |||||
| Total funds brought forward | 16,269 | – | 16,269 | – | |
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| Total funds carried forward | 4,243 | 11,687 | 15,930 | 16,269 | |
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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 7 to 12 form part of these financial statements.
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Bli Shem Ltd
Company Limited by Guarantee
Statement of Financial Position
30 November 2025
| 2025 | 2024 | ||
|---|---|---|---|
| Note | £ | £ | |
| Current assets | |||
| Debtors | 12 | 936 | – |
| Cash at bank and in hand | 15,584 | 16,839 | |
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| 16,520 | 16,839 | ||
| Creditors: amounts falling due within one year | 13 | 590 | 570 |
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| Net current assets | 15,930 | 16,269 | |
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| Total assets less current liabilities | 15,930 | 16,269 | |
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| Net assets | 15,930 | 16,269 | |
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| Funds of the charity | |||
| Restricted funds | 11,687 | – | |
| Unrestricted funds | 4,243 | 16,269 | |
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| Total charity funds | 14 | 15,930════════ |
16,269════════ |
For the year ending 30 November 2025 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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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 28 August 2026, and are signed on behalf of the board by:
Mr C Spitzer Trustee
The notes on pages 7 to 12 form part of these financial statements.
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Bli Shem Ltd
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 30 November 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 7 Villa Place, Gateshead, NE8 1RY.
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.
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Bli Shem Ltd
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 30 November 2025
3. Accounting policies (continued)
Incoming resources
All incoming resources are 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. The following specific policies are applied to particular categories of income:
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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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legacy income is recognised when receipt is probable and entitlement is established.
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income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
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income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
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:
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expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods.
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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.
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other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Financial instruments
A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument.
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Bli Shem Ltd
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 30 November 2025
3. Accounting policies (continued)
Financial instruments (continued)
Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.
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.
Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment.
Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.
For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Limited by guarantee
The Company is limited by guarantee and does not have share capital. In the event of winding up, the members are liable to an amount not exceeding £10.
5. Donations and legacies
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2025 | |
| £ | £ | £ | |
| Donations | |||
| Donations received | 25,988 | – | 25,988 |
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Bli Shem Ltd
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 30 November 2025
5. Donations and legacies (continued)
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2025 | |
| £ | £ | £ | |
| Grants | |||
| Grants received | – | 19,970 | 19,970 |
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| 25,988 | 19,970 | 45,958 | |
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| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2024 | |
| £ | £ | £ | |
| Donations | |||
| Donations received | 36,633 | – | 36,633 |
| Grants | |||
| Grants received | – | 15,000 | 15,000 |
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| 36,633 | 15,000 | 51,633 | |
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|
| Expenditure on charitable activities by fund type | |||
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2025 | |
| £ | £ | £ | |
| Social and recreational events | 37,444 | 8,283 | 45,728 |
| Support costs | 570 | – | 570 |
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| 38,014 | 8,283 | 46,298 | |
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| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2024 | |
| £ | £ | £ | |
| Social and recreational events | 19,794 | 15,000 | 34,794 |
| Support costs | 570 | – | 570 |
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| 20,364 | 15,000 | 35,364 | |
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6. Expenditure on charitable activities by fund type
7. Expenditure on charitable activities by activity type
| Activities | |||||
|---|---|---|---|---|---|
| undertaken | Grant funding |
Total funds | Total fund | ||
| directly | of activities Support costs |
2025 | 2024 | ||
| £ | £ | £ | £ | £ | |
| Social and recreational | |||||
| events | 37,928 | 7,800 |
– | 45,728 | 34,794 |
| Governance costs | – | – |
570 | 570 | 570 |
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| 37,928 | 7,800 |
570 | 46,298 | 35,364 | |
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Bli Shem Ltd
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 30 November 2025
8. Analysis of grants
| Period from | |||
|---|---|---|---|
| Year to | 21 Nov 23 to | ||
| 30 Nov 25 | 30 Nov 24 | ||
| £ | £ | ||
| Grants to individuals | |||
| Grants to individuals | 7,800 | 951 | |
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| Total grants | 7,800 | 951 | |
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| 9. | Independent examination fees | ||
| Period from | |||
| Year to | 21 Nov 23 to | ||
| 30 Nov 25 | 30 Nov 24 | ||
| £ | £ | ||
| Fees payable to the independent examiner for: | |||
| Independent examination of the financial statements | 570════ |
570════ |
10. Staff costs
The average head count of employees during the year was Nil (2024: Nil).
No employee received employee benefits of more than £60,000 during the year (2024: Nil).
11. Trustee remuneration and expenses
No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.
12. Debtors
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Other debtors | 936 | – | |
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| 13. | Creditors: amounts falling due within one year | ||
| 2025 | 2024 | ||
| £ | £ | ||
| Accruals and deferred income | 590 | 570 | |
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Bli Shem Ltd
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 30 November 2025
14. Analysis of charitable funds
Unrestricted funds
| Unrestricted funds | ||||||
|---|---|---|---|---|---|---|
| At | ||||||
| At 1 Dec 2024 | Income | Expenditure | 30 | Nov 2025 | ||
| £ | £ | £ | £ | |||
| General funds | 16,269 | 25,988 | (38,014) | 4,243 | ||
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| At | At | |||||
| 21 Nov 2023 | Income | Expenditure | 30 | Nov 2024 | ||
| £ | £ | £ | £ | |||
| General funds | (1) | 36,633 | (20,363) | 16,269 | ||
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| Restricted funds | ||||||
| At | ||||||
| At 1 Dec 2024 | Income | Expenditure | 30 | Nov 2025 | ||
| £ | £ | £ | £ | |||
| Restricted Funds | – | 19,970 | (8,283) | 11,687 | ||
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| At | At | |||||
| 21 Nov 2023 | Income | Expenditure | 30 | Nov 2024 | ||
| £ | £ | £ | £ | |||
| Restricted Funds | – | 15,000 | (15,000) | – | ||
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| 15. | Analysis of net assets between | funds | ||||
| Unrestricted | Restricted | Total Funds | ||||
| Funds | Funds | 2025 | ||||
| £ | £ | £ | ||||
| Current assets | 4,833 | 11,687 | 16,520 | |||
| Creditors less than 1 year | (590) | – | (590) | |||
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| Net assets | 4,243 | 11,687 | 15,930 | |||
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| Unrestricted | Restricted | Total Funds | ||||
| Funds | Funds | 2024 | ||||
| £ | £ | £ | ||||
| Current assets | 16,839 | – | 16,839 | |||
| Creditors less than 1 year | (570) | – | (570) | |||
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| Net assets | 16,269 | – | 16,269 | |||
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16. Related parties
No transactions with related parties were undertaken during the period.
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