REGISTERED COMPANY NUMBER: 00846151 (England and Wales) REGISTERED CHARITY NUMBER: 242649
EMUNO EDUCATIONAL CENTRE LIMITED (A COMPANY LIMITED BY GUARANTEE)
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
Sugarwhite Meyer Accountants Ltd First Floor 94 Stamford Hill London N16 6XS
EMUNO EDUCATIONAL CENTRE LIMITED
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
| Page | |||
|---|---|---|---|
| Reference and Administrative Details | 1 | ||
| Report of the Trustees | 2 | ||
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | to | 6 |
| Notes to the Financial Statements | 7 | to | 11 |
EMUNO EDUCATIONAL CENTRE LIMITED
REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 MARCH 2025
TRUSTEES I Y Chersky A Kahn I Traube S Hecht COMPANY SECRETARY I Y Chersky REGISTERED OFFICE First Floor 94 Stamford Hill London N16 6XS REGISTERED COMPANY 00846151 (England and Wales) NUMBER REGISTERED CHARITY 242649 NUMBER INDEPENDENT EXAMINER Sugarwhite Meyer Accountants Ltd First Floor 94 Stamford Hill London N16 6XS BANKERS Barclays Bank Plc 240 Whitechapel Road London E1 1BS
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EMUNO EDUCATIONAL CENTRE LIMITED (REGISTERED NUMBER: 00846151)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 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
Reference and administrative information is shown on page 1 of the financial statements and forms part of this report.
OBJECTIVES AND ACTIVITIES
Objects for public benefit
The object of the charity is to advance and promote Hasidic Judaism in the UK and in Israel in accordance with the denomination known as the 'Gerer Hasidim'. This includes providing facilities to worship and study in accordance with their philosophy, supporting Gerrer educational institutions, especially higher Talmudical colleges, and providing general welfare assistance. Grants are also made to other institutions and charities. The charity owns a property which is used and run by the Gerer Synagogue.
The trustees confirm that they have given due regard the Charity Commission's guidance on public benefit.
ACHIEVEMENTS AND PERFORMANCE Charitable activities
The trustees are satisfied with the results for the year.
FINANCIAL REVIEW
Reserves policy
It is the policy of the trustees to distribute funds as available and therefore no provision is made for future funding. Reserves at the year end were ££2,017,637 (2024 - £2,001,498) of which £6,207 (2024- £1,498) are free reserves.
FUTURE PLANS
The trustees are winding down the activities of the charity which are being taken over by another charity of the Gerrer Institutions.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is constituted as limited company and is governed by its Memorandum and Articles of Association dated 20th April 1965.
Organisational structure
The day to day affairs or the charity is administered by the trustees. The power to appoint new trustees is vested in the trustees. 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.
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approved by order of the board of trustees on 3 December 2025 and signed on its behalf by:
A Kahn - Trustee
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF EMUNO EDUCATIONAL CENTRE LIMITED
Independent examiner's report to the trustees of Emuno Educational Centre Limited ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2025.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts 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 your 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 Company as required by Section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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the accounts 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 accounts 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.
E Meyer FCA BSc
Sugarwhite Meyer Accountants Ltd First Floor 94 Stamford Hill London N16 6XS
3 December 2025
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EMUNO EDUCATIONAL CENTRE LIMITED
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2025
| Notes INCOME AND ENDOWMENTS FROM Donations and legacies EXPENDITURE ON Raising funds Charitable activities 2 Synagogue expenses Grantmaking Support Total NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted funds £ 61,304 - 1,270 53,000 1,812 56,082 5,222 2,001,498 2,006,720 |
Restricted fund £ 10,917 - - - - - 10,917 - 10,917 |
2025 Total funds £ 72,221 - 1,270 53,000 1,812 56,082 16,139 2,001,498 2,017,637 |
2024 Total funds £ 6,231 5,251 - 1,300 1,836 8,387 (2,156) 2,003,654 2,001,498 |
|---|---|---|---|---|
The notes form part of these financial statements
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EMUNO EDUCATIONAL CENTRE LIMITED (REGISTERED NUMBER: 00846151)
BALANCE SHEET 31 MARCH 2025
| Notes FIXED ASSETS Tangible assets 8 CURRENT ASSETS Cash at bank CREDITORS Amounts falling due within one year 9 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 11 Unrestricted funds: General fund Subscribers funds Restricted funds: Restricted fund TOTAL FUNDS |
2025 £ 2,011,430 7,407 (1,200) 6,207 2,017,637 2,017,637 2,005,350 1,370 2,006,720 10,917 2,017,637 |
2024 £ 2,000,000 2,458 (960) 1,498 2,001,498 2,001,498 2,000,128 1,370 2,001,498 - 2,001,498 |
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
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EMUNO EDUCATIONAL CENTRE LIMITED (REGISTERED NUMBER: 00846151)
BALANCE SHEET - continued 31 MARCH 2025
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 3 December 2025 and were signed on its behalf by:
A Kahn - Trustee
The notes form part of these financial statements
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EMUNO EDUCATIONAL CENTRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, 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 Companies Act 2006. 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 included in full in the Statement of Financial Activities 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.
Costs of raising funds are those incurred in seeking voluntary contributions and include activities with a fundraising purpose.
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.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 10% on cost
No depreciation is provided on freehold land and building used as a functional asset.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Going concern
There are no material uncertainties about the charity's ability to continue.
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EMUNO EDUCATIONAL CENTRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
2. CHARITABLE ACTIVITIES COSTS
| 2. CHARITABLE ACTIVITIES COSTS |
|||
|---|---|---|---|
| Grant funding of activities (see note 3) £ Synagogue expenses - Grantmaking 53,000 Support - 53,000 3. GRANTS PAYABLE Grantmaking The total grants paid to institutions during the year was as follows: Advancement of religion Religious education |
Support costs (see note 4) £ 1,270 - 1,812 3,082 2025 £ 53,000 2025 £ 53,000 - 53,000 |
Totals £ 1,270 53,000 1,812 |
|
| 56,082 | |||
| 2024 £ 1,300 |
|||
| 2024 £ - 1,300 |
|||
| 1,300 |
All grants were made to Gerer Shteibel Synagogue.
4. SUPPORT COSTS
| SUPPORT COSTS | ||||
|---|---|---|---|---|
| Governance | ||||
| Management | Finance | costs | Totals | |
| £ | £ | £ | £ | |
| Synagogue expenses | 1,270 | - | - | 1,270 |
| Support | - | 80 | 1,732 | 1,812 |
| 1,270 | 80 | 1,732 | 3,082 |
Support costs, included in the above, are as follows:
Management
| Management | ||
|---|---|---|
| 2025 | 2024 | |
| Synagogue | Total | |
| expenses | activities | |
| £ | £ | |
| Depreciation of tangible and heritage | ||
| assets | 1,270 | - |
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EMUNO EDUCATIONAL CENTRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
4. SUPPORT COSTS - continued Governance costs
5.
| SUPPORT COSTS - continued Governance costs |
|||
|---|---|---|---|
| 2025 | 2024 | ||
| Total | |||
| Support | activities | ||
| £ | £ | ||
| Independent examiner's fee | 600 | - | |
| Independent examiner's other fees | 600 | - | |
| Accountancy fees | - | 960 | |
| Legal and professional fees | - | 260 | |
| General expenses | 532 | 511 | |
| 1,732 | 1,731 | ||
| NET INCOME/(EXPENDITURE) | |||
| Net income/(expenditure) is stated after charging/(crediting): | |||
| 2025 | 2024 | ||
| £ | £ | ||
| Depreciation - owned assets | 1,270 | - |
6. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.
7. AVERAGE NUMBER OF EMPLOYEES
The average number of staff in the year was Nil (2024 - Nil)
8. TANGIBLE FIXED ASSETS
| COST At 1 April 2024 Additions At 31 March 2025 DEPRECIATION Charge for year NET BOOK VALUE At 31 March 2025 At 31 March 2024 |
Freehold property £ 2,000,000 - 2,000,000 - 2,000,000 2,000,000 |
Plant and machinery £ - 12,700 12,700 1,270 11,430 - |
Totals £ 2,000,000 12,700 |
|---|---|---|---|
| 2,012,700 | |||
| 1,270 | |||
| 2,011,430 | |||
| 2,000,000 |
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EMUNO EDUCATIONAL CENTRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Accruals and deferred income 10. ANALYSIS OF NET ASSETS BETWEEN FUNDS Unrestricted Restricted funds fund £ £ Fixed assets 2,000,513 10,917 Current assets 7,407 - Current liabilities (1,200) - 2,006,720 10,917 11. MOVEMENT IN FUNDS At 1.4.24 £ Unrestricted funds General fund 2,000,128 Subscribers funds 1,370 2,001,498 Restricted funds Restricted fund - TOTAL FUNDS 2,001,498 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 61,304 Restricted funds Restricted fund 10,917 TOTAL FUNDS 72,221 |
2025 £ 1,200 2025 Total funds £ 2,011,430 7,407 (1,200) 2,017,637 Net movement in funds £ 5,222 - 5,222 10,917 16,139 Resources expended £ (56,082) - (56,082) |
2024 £ 960 2024 Total funds £ 2,000,000 2,458 (960) 2,001,498 At 31.3.25 £ 2,005,350 1,370 2,006,720 10,917 2,017,637 Movement in funds £ 5,222 10,917 16,139 |
|---|---|---|
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EMUNO EDUCATIONAL CENTRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
11. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Unrestricted funds General fund Subscribers funds TOTAL FUNDS Comparative net movement in funds, included in the above Unrestricted funds General fund TOTAL FUNDS |
At 1.4.23 £ 2,002,284 1,370 2,003,654 2,003,654 are as follows: Incoming resources £ 6,231 6,231 |
Net movement in funds £ (2,156) - (2,156) (2,156) Resources expended £ (8,387) (8,387) |
At 31.3.24 £ 2,000,128 1,370 2,001,498 2,001,498 Movement in funds £ (2,156) (2,156) |
|---|---|---|---|
12. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2025.
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