FRFZ (MANCHFSTFR) LIMITFD DIRECTOR'S AND TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 COMPANY NUMBER 752222 (Englatld and Wale$) CIIARITY N[IlBER..1J4332
EREZ (MANCHESTER) LIMITED Contents Page Report of trustees and director Statement of Financial Activities Balance Sheet Notes to the Financial Statements Independent Examiner's Report
FRFZ (MANCHFSTF.R) LIMITF,D REPORT OF THE TRUSTEES AND DIRECTOR FOR THE YEAR ENDED 31 AUGUST 2025 The trustees, who are also director and secretary. of the company present their annual report undcr the Charities Act 201 l and the financial statements for thc ycar endcd 31 August 2025 and confirm that the latter comply with the requirements of the Act, the memorandum and articles of association and the Charities SORP 2005. REFERENCE AND ADMINISTRATIVE INFORMATION Director, Secretary and Trustee Y Reich Trustee Y M Salomon Chief Executive Officer Y Reich Company Number Charity Registration Number 752222 234332 Accountants & Independent Examiners B Olsberg & Co, Chartered Accountants, Enterprise House, 3 Middleton Road, Manchester M8 5DT Registered Office clo B Olsberg & Co, Chartered Accountants Enterprise House, 3 Middleton Road, Manchester M8 5DT The company was incorporated on 5 March 1963 and is registered with the Charity Commission. STRUCTURE, GOVERNANCE AND MANAGEMENT GOVERNING DOCUMENT The charity is incorporated as a limited company and is therefore governed by a memorandum and articles of association dalcd 5 March 1963 which has not been amendLd. The company is a wholly owned subsidiar), of Machzikei Hadass Communities which is a registered charity. GOVERNING BODY The structure of the Charity consists of two trustees, one of whom is a director and one is a secretary. The board of Trustees is authorised to appoint new Truscees to fill vacancies arising through resignation or death of an existing trustee. The trustees have complied with the duty in Section 4 of the 2006 Charities Act to have regard to guidanLe published by the Charity Commission.
TRUSTF.F.S INDUCTION AND TRAINING The trustees are already familiar with the practical work of the charity having received guidance from the existing trustees prior to appointment. New trustees are further encouraged to attend training sessions organised by the charity. ORGANISA TIONAL MANAGEMENT The Trustees of the Charity, are legally responsible for the overall management and control of the Charity and meet regularly. RISK MANAGEMENT The trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining reserves at current levels coinbined with an annual review of the ontrols over ke), financial system5: will provide sufficient resources in the event of adverse conditions. OBJECTS, AIMS, OBJECTIVES AND ACTIVITIES The charity is constituted as a limited company by gJuarantee and is therefore &Joverned b! its memorandum and articles of association. The Trustees wish to support all worthy orthodox Jewish causes and che Charity achieves its objeccs by making donations to Machzikei Hadass Communities Charity when requested. The charity's objeccs and its principal activities are: l. To advance education and religion in accordance with Orthodox Judaism. 2. To relieve poverty. The Charity has acquired investment properties in order to generate income. The charity is orgJanised so that the trustees meet regFularl J. to mana&Je its affairs. The charity does not emplov any staff or use voluntary. assistance. Administration of the charity is dealt with by the trustees. PUBLIC BENEFIT l-he trustees have referred to the guidance contained in the charity commissioners general guidance on publ ic benefit when reviewing the trust's aim and objectives and on planning future activities and setting the grant policy for the year. AIMS AND IIYTENDED IMPACT Within these objects. the trustee's aim to provide help whether financial or otherwise to all Jewish persons and institutions in need through its parent organisation MaLhzikei Hadass Communities. OBJECTIVES FOR THE YEAR The aim this year is to continue to give support wherever needed and io provide help to even more people in need through the Machzikei Hadass Communities Charity. STRATEC.IES TO ACHIEVE THE YEAR'S OB.IECTIVES These included granting interviews and meetings with potential beneficiaries with a view to furlhering iheir aclivilies.
PRINCIPAL ACTIVITIES OF THE YEAR The charity received rental income from its investment properties. GIL4NT MAKING POLICY The policy is to assist the Machzikei Hadass Communities Charity, the parent charity, by transtetTing monies to the1 in lurtherance of its objects slated above. REVIEW AND ACHIEVEMENTS AND PERFORMANCE FOR THE YEAR FINANCIAL REVIEW Transactions and Financial Position The Statement of Financial Activities show5 a total income of £83,173 (2024 - £78,419} and rental income expenses of £64,538 resulting in a net deficit for the year of £4,702 (2024 - surplus £24,682}. Funds available are sufficient to pemiit the charity to continue in operation and to support the Machzikei I ladass Communities. FINANCIAL REVIEW AND RESULTS FOR THE YEAR The Trustees consider that the performance of the charity this year has been satisfactory. The harity continued to receive rental income from its properties. RESERVES POLICY The trustees intend to retain reserves for the benefit of its parent charity Machzikei Hadass Communities. INTrISTMENT POLICY AND OBJECTIVES Under the memorandum and articles of association the charity has the power to make any investment w'hich the trustees see fit and at the balance sheet date the charity owned several properties. Property investment of the nature held by the charity is considered by the trustees to constitute a risk free form of investment compared to other investniencs which are volatile and where capital is at risk depending on market trends. The trustees Lontinue to monitor this situation. FUTURE PLANS The trustee's plans are to continue to invest in the property market and to add to their portfolio of income producing and low risk assets in order to increase the incoine and stability ot'the Charity with a view to inLreasin¥ the level of their philanthropic aLtivities.
STATEMENT OF TRUSTEES RESPONSIBILITIES The trustees (who are also the director and seeretary of Erez (Manchester) Limited for the purposes of Company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Generally Accepted ALLounting PraLtice. Company law requires the trustees to prepare financial stateinents for each tinancial year which give a true and fair view of the state of altairs ol. the charitable company and ot. the incoming resources and application of resources, includin&J the income and expenditure. of the charitable company 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 Charity SORP- Make jud&Jments and estimates that are reasonable and prudent; Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at anlw time the financial position of the charitable company and io enable theni to ensure that the financial statements comply M'ith the Companies Act 2006. The), are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approval The report was approved by the board of directors and trustees on 26 June 2026 and signed on its behalt.. Y Reich Trustee
EREZ (MANCHESTER) LIMITED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2025 Unreslricted Funds Total Funds 2025 2024 INCOME AND EXPENDITURE Incoming Resources Rental Income Donations Capitsl Gain 83,173 78,419 83,173 78,419 Resourc&4 Expended Donation to Parent Charity 23,337 Rental Ineome Expenses Rates and Council Tax and Utilities Interest Bank Charges Management and letting fees Legal and Professional Fees Repairs and Maintenance Sundry Accountancy Insurance 6.873 16,418 172 6,982 3,684 28,702 9,980 27.479 107 6.917 {5,980) 11,186 1,200 389 64,538 1,200 2,848 53.737 Total Rental Expens Total Resourees Expended 87,875 Net Income l(deficit) for tbe year 14,702) 24.682 Revaluation 240.000 Balance Brought Forward 1.263,415 998,733 Balance Carried Forward 1,258,713 1,263,415 The company had no reco&Jnised &Jains or losses in 2025 or 2024 other than a5 Shown in the Statement of Financial Activities.
EREZ {L4NCHESTER) LIMITED BALANCE SHEET AS AT 31 AUGUST 2025 2025 2024 Fixed Assets Tangible Fixed Assets 2 2,447,153 2,447,153 2,447,153 2,447,153 Current Assets Debtors Bank (970) 5.020 4,050 450 984 1,434 Creditors: Pay#ble within one year Net Current Assets1(Liabilities) 443,328 (439,278) 420,488 (419.054) TOTAL ASSETS LESS CURRENT LIABILITIES 2,007,875 2,028,099 Creditors: due beyond one year 717,616 733,138 Net assets 1,290,259 1,294.961 REPRESENTED BY: Called Up Share Capital Unrestricted Funds Capital Redeinplion Reserve 1,258,713 31,544 1,263.415 31,544 1,290,259 1,294.961 For the financial year ended 31 August 2025 the company was entitled lo exemption from audit under Section 477 Companies Act 2006. No member of the company has deposited a notice. pursuant to section 476. requiring an audit of these tinancial statements under the requirements ofihe Companies Act 2006. The director acknowledgJes hi5 responsibilities for ensuring, that the company keeps accounting records which comply with Section 386 of the Act and for preparing financial statements which give a true and fair view of the stale of atTairs of ihe coinpany as at the end of the financial year and of its profit or loss for the financial l'ear in accordance ivith the requirements of Sections 394 and 395 of the Companies Act 2006, relating to accounts, so far as applicable to the company. These financial staleinents have been prepared in accordance with the provisions applicable to companies subject to the small companies rcgime within Part 15 of the Companies Aet 2006 and with the Financial Reporting Standard for Small Entities (Effective April 2008). Approved by the board on 30 June 2026 Y Reieh Director
EREZ (MANCHESTER) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ELYDED 31 AUGUST 2025 Aecountin Polici The financial statements have been prepared under the historical cost convention and in accordance with applicable accounting standards and follow the recommendations in Statement of Recommended Practice: AccountingJ and Reporting for Charities (SORP) 2005 and include the results of the Company's operacions which are described in the Director's Report and all of which are ontinuing. b. Turnover comprises rental income. Unrestricted funds are donations and other income received or generated for the charitable purposes ot the Charity. Grants and distributions are included in the year they are paid. Tangible fixed assets Furniture Land and Appliances and Buildings Installations Total Valuation As at I September 2024 Additions Revaluation As at 31 Augusr 2025 2,446,657 9,362 2,456,019 2,446,657 9,362 2,456,019 Depreciation As at I September 2024 8,866 8,866 As at 31 August 2025 8,866 8,866 As at 31 August 2025 As at I September 2024 2.446.657 2.446,657 496 2 447.153 496 2447 153 The properties were revalued by the trustees.
EREZ (L4NcHEsTER) LIMITED NOTF.S TO THF FINAiNCIAL STATF.MF.NTS FOR THE YEAR ENDED 31 AUGUST 202$ Trustees Remuneration No reinuneration was paid to the trustees in the year: nor were any expenses reimbursed to them. Creditors: Amounts falling due within l year 2025 2024 Tenant Deposit Accruals and Income received in advance Bank Loan Loans 7,800 1,200 29,836 404 492 443 328 7,800 1,200 16,996 394 492 420 488 Creilitors: Amounts falling due beyond one year 2025 2024 MHC Bank Loan 463,495 254 121 717616 458,495 733 138 Share Capital 2025 21J24 Authorised: Ordinary shares of £1 each 100 100 2025 2024 2025 2024 Allotted, called up and fully paid.. Ordinary shares of £1 each Related Parties The companv is controlled b! the Trustees of the Machzikei Hadass Communities who own all the shares in this company. 10
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF EREZ (MANCHESTER) LTD I report on the accounts of the charitable company for the year ended 31 August 2025, which are set out on pages 7-10. Respective responsibilities of trustees and examiner The trustees (who are also the directors of the company for the purpose of company lawl are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 and that an independent examination is needed. The Charity is required by law to prepare accrued accounts and l am qualified to undertake the examination by being a qualified member of The Institute of Chartered Accountants (England and Wales). Having been satisfied that the charity is not subject to an audit under company law and is eligible for independent examination it is my responsibility to Examine the accounts under section 145 of the 2011 Act., To follow the procedures laid down in the General Directions given by the Charity Commission under section 145151 of the 2011 Act., and To state whether particular matters have come to my attention. Basis of independent examiner's report My examination was carried out in accordance with the General Directions given by the Charrty Commission. 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 includes consideration of any unusual items or disclosures in the accounts, and seeking explanation from you as trustees concerning any such matters. The procedures undertaken do not provide all the eviden that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair view, and the report is limited to those matters set out in the statement below.Independent examiner s statement In conneclion with my examination, no matter has come to my attention.. 111 which gives me reasonable cause to believe that in any material respect the requirements to keep accounting records in accordance with s386 of the Companies Act 2006,. and to prepare accounts which accord with the accounting records and to comply with the accounting requirements ofthe Companies Act 2006 and with the methods and principles of ihe Statement of Recommended Praclice: Accounting and Reporting by Charities (revised 20051 have not been met., or 121 to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. OLSBERG FCA B OLSBERG & CO ENTERPRISE HOUSE. 3 MIDDLETON ROAD MANCHESTER M8 5DT 26 Juno 2026