Company raglstratlon number 00836699 (England and Walosl Charity registration number 251737 (England and Wales) TIFERETH BENEVOLENT FUND LIMITED ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
TIFERETH BENEVOLENT FUND LIMITED LEGAL AND ADMINISTRATIVE INFORMATION Governors Mr Henry Neum8nn Mr Philip Weiss Mr Hyman Weiss Mr Pin¢has Nèumann Mr mauri Neumann Charlty number 251737 Company number 00836699 Prin¢ipal address Heaton House 148 Bury Old Road Manchester M7 4SE Registered offi¢e Healon House 148 Bury Old Road Manchester M7 4SE Independent examiner Lopian Gross Barnett & Co 1 st Floor Cloister HoLJse Riverside New Bailey Street Manchester M35FS
TIFERETH BENEVOLENT FUND LIMITED CONTENTS Page Governors. report Independent examiner's report statement of financial activities Balance sheet Notes to the financial statèments 6-10
TIFERETH BENEVOLENT FUND LIMITED GOVERNORS. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2025 The govemors present their annual report and fin8n¢ial statements for the year ended 31 hAarch 2025. The accounts have been prepared in accordance with the accounting policies sel out in note 1 to the a¢¢ounls and comply with the charills governing do¢umenl. the Companies Act 2006 and 'Ac¢ounling and Reporting by Charities.. Statement of Recommended Pra¢ti¢e applicable lo ¢harities preparing their aount$ in ac¢ordan¢e with the Financial Reporting Standard applicable in the UK and Republi¢ of Ireland IFRS 1021. las amended for accounting periods commencing frDm 1 January 20161. Oblectlvès and actlvltlès The charity's objectives are to aid the advancement of religion in accordance with the Orthodox Jewish faith and the relief of poverty and other charitable purposes for the public benefit. The policies adopted in furtherance of these objects are lo identify Orthodox Jewish Charities which carry out activities such as providing Orthodox Jewish education and other activities which advance religion in accordance with the Orthodox Jewish faith or which relieve poverty and there has been no change in these during the year. Each year, the govgmors ¢onfim that they have referred to guidance contained in the Charity Commission general guidance on public benefit when reviewing the charity's aims and objectives and in planning future activities and setling the grant making policy for the year. The charity's income is generated from its subsidiary and charitsble donations which are then distributed to meet the above objectives. The governors havg paid due regard to guidan¢o issued by tho Charity Commission in deciding what activities the ¢harity should undertake. Achievements and performance During the year the charity made donations to a variety of charities within the Jewish community. The govemors are pleased with the investment perfomance by the charity's subsidiary and with the level of donations given to worthy causes. Flnanclal r8vI8w The governors, investment powers are govemed by the Charills Memorandum of Association which permits the company lo invest as may be determined by the govemors. The charity's subsidiary continues lo gengrate its income from invtrsling in proty and to pay its taxable profil lo the charity. The charity received income of £433,83012024.' £39,429) and £53312024.. £341 of bank interest. Accordingly, the total of incoming resources was £434,3631£2024.' £39,463), resulting in a surplus of £429,085 after expenses of £5,278. The charity distributed £255,250 12024.. £27,570) lo various charities for the relief of poverty and the advancement of religion in aGrdance with the Orthodox Jewish faith, resulting in a £173,835 increase in reserves. There is no forrnal policy to maintsin a set level of reserves. The govemors. investment powers are governed by the charity's memorandum of association that permits the charity lo invest as may be determined by the governors. The govemors have assessed the major risks to which the Charity is exposed, and are Satisfied that systems are in place to mitigate exposure to the major risks.
TIFERETH BENEVOLENT FUND LIMITED GOVERNORS. REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2025 Structure, goveman¢e and management The charity is a company limited by guarantee. It was incorporated on 04 February 1965 and registered as a charity on the same day. The company was established under a Memorandum ofAssociation which established the objects and powers of the charitable company and is governed under ils Articles of association. The govemors, who are also the directors for the purpose of company law, and who served during the year were.. Mr Henry Neumann Mr Philip Weiss Mr Hyman Weiss Mr Pin¢has Neumann Mr Maurice Neumann Govemors are recommended and appoinled by the board of governors, training would be offered to new govemors by the existing governors. None of the governors has any beneficial interest in the charity. All of the governors are members of the charity and guarantee to contribute an amount not exceeding £1 in the event of a winding up. All decisions made on behalf of the charity are made by the governors who are responsible for the provision of means to distribute charitable donations to worthy causes. The govemors. retx>rt was approved by the Board of Governors. doJj.29JaUary 2026 Mr Hyman Weiss Govemor Dated.. 29 January. 2026 1-.36
TIFERETH BENEVOLENT FUND LIMITED INDEPENDENT EXAMINER'S REPORT TO THE GOVERNORS OF TIFERETH BENEVOLENT FUND LIMITED I report to the govemors on my examination of the ac¢ounts of Tifereth Benevolent Fund Limited (the charity) for the year ended 31 March 2025, which are set out on pages 4 to 10. Re$pe¢tive SpOnsibl11t1e$ of governors and examiner As the govemors of the charity land 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. Having sab'sfied myself that the financial statements of the charity are not required lo be audited under Part 16 of the Companies Act 2006 and are eligible for independent examination, I report in respect of my examination of the charity's financial statements carried out under section 145 of the Charities Act 2011. In carying out my examination I have followed the Directions given by the Charity Commission under section 14515llbl of the Charities Act 2011. Independent examiner's statement Since the charity's gross income exceeded £250,000, the independent examiner musl be a member of a body listed in section 145 of the Chariliss Aol 2011. 1 ¢onlirm that l am qualified lo undertake the examination because l am a member of the Inslute of Chartered Ac¢ounlanls in England and Wales, which is one of the listed bodies. I have completed my examination. l ¢onfimi that no matters have come to my attention in connection with the examination giving mè cause to believe that in any matèrial respect.. accountin9 records were not kept in respect of the charity as required by section 386 of the Companies Act 2006. the fin8nGial ststemenls do not acGord with those records., or the financial statements do not comply with the accounting requirements of section 396 of the Companies Act 2006 other than any requirement that the financial statements give a true and fair view, which is not a matter considered as part of an independent examination., or the financial slalements have not been prepared in accordance with the methods and principles of the Slalemenl of Recommended Practice for accounting and reporting by charities appli¢able lo charities preparing their financial statements in a¢cordan¢e wvch the Financial Reporting Stsndard applicable in the UK and Republi¢ of Ireland IFRS 1021. I have no ¢on¢8ms and have Come across no other matters in Connection with the examination lo which attention should be drawn in this report in order lo enable a proper understanding of the finan¢ial slalements lo be reached. Daniel Rubinstein FCA Lopian Gros5 Bamett & Co Chartered Accountants 1st Floor Cloister House Riverside New Bailey stet Manchester M35FS Dated.. 2/r) 1 /2f&2
TIFERETH BENEVOLENT FUND LIMITED STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Notes Income from.. Donations and legacies Investments 433,830 533 39,429 34 Total income 434,363 39,463 Ex enditure on.. Charitable activities 255,250 27,570 Other 5,278 4,603 Totsl resour¢¢s expended 260,528 32,173 Net income for the yearl Nèt movèmènt In funds 173,835 7,290 Fund balances 8t 1 April 2024 23,390 16,100 Fund balances at 31 March 2025 197,225 23,390 The statement of financial 8clivilies includes 811 gains and losses recognised in the year. The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing aclivilies. The slalement of financial activities also cornplies wtth the requirements for an income and expenditure account under the Companies Act 2006.
TIFERETH BENEVOLENT FUND LIMITED BALANCE SHEET ASAT31 MARCH 2025 2025 2024 Notes Fixed assets Investments Current assets Debtors Cash al bank and in hand 10 100 100 11 1,279 207,603 1,279 32,746 208,882 34,025 Creditors- amounts falling due within one year 12 111,7571 110,7351 Nel current assets 197,125 23,290 Total assets less current liabilities 197,225 23,390 Income funds Unrestricted funds 197,225 23,390 197.225 23,390 The company is entitled to the exemption from the audit requirement contained in section 477 of the Comp8ni&s Act 2006, for th8 y8ar ended 31 March 2025. The Iruslees acknowledge their responsibilities for ensuring that the charity keeps accounting records whi¢h MplY with section 386 of the Act and for preparing financial slalements which give 8 true and fair view ol the stsle of affairs of the company as at the end of the financial year and of its inming resources and application of resources, including its income and expenditure, for the 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 lo the company. The members have not required the company to obtain an audil of its financial statements for the year in question in accordance with section 476. Thesè financial ststements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The financial statements were approved by the Governors on ednn29.January 2026 Mr Hyman Weiss Govèrnor Company Registration No. 00836699
TIFERETH BENEVOLENT FUND LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accountlng poll¢le$ Charity inforrnation Tifereth Benevolent Fund Limited is a private company limited by guarantee incorporated in England and Wales and a registered charity in England and Wales. The registered office is Heaton House, 148 Bury Old Road, Manchester, M7 4SE. 1.1 Accounting convention The accounts have been prepared in accordance with the charity's Deed of Trust, the Companies Act 2006 and Accounting and Reporting by Charities.. Stslerllenl of Recommended Practice applicable lo charities preparing their accounts in acwrdance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" las amended for accounting periods commencing from 1 January 20161- The Charity is a Public Benefit Entity 8$ defined by FRS 102. The charity has tsken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows. The financial statements are prepared in sterfing, which is the functional curren¢y of the charity. Monetary amounts in these finanaal statements are rounded to the nearest £. The financial ststgments have been prepared under the historical ¢osl convention. The principal a¢¢ounling policies adopted are set out below. 1.2 Going concern At the time of approving the financial statements, the governors have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the governors continue to adopt the going concern basis of accounting in preparing the financial statements. 1.3 Charitable funds Unrestricted funds are available for use at the discretion of the govemors in furtheran of their charitable objectives unless the fLJnds have been designated for olher purposes. Funds held by the charity are all unrestricted. These being funds which can used in accordance with the charitable objects al the discretion of the governors. 1.4 In¢omlng resour¢es Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performan¢e conditions require deferral of the amount. Inwme lax rewverable in relation lo donations received under GiftAid or deeds of ¢ovenanl is recognised al the time of the donation. Legacies are recognised on receipt or othetwise if the charity has been notified of an impending dislribulion, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset. 1.5 Resour¢es expended Charitalbe distibutions represent donations paid to religious, educational and similar charities. 1.6 Fixed asset investments A subsidiary is enlily controlled by the Charity. Control is the power lo govern the financial and optrraling policies of the enlily $0 as to obtain bgnefits from its aclivilies.
TIFERETH BENEVOLENT FUND LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies (Continued) 1.7 Cash and cash equivalents Gash and cash equivalents include cash in hand, deposits held al call with banks, other short-lerm liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current li8bilities. 1.8 Financial instruments The ¢harity has elected to apply the provisions of Section 11 'Basi¢ Financial Instruments, and Section 12 'Other Financial InstrLJments Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right lo sel off the recognised amounts and there is an intention lo settle on a nel basis or to realise the asset and settle the liability simultaneously. Basic financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price inclLJding transaction costs and are subsequently carried at amorbsed cost using the effective interest melhod.Financial assets classified as receivable within one year are not amortised. Bas1¢ finan¢lal 11obllltles Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement conslitules a financing transaction. 1.9 Group accounts The financial stslerllenls present information about the charity as an individual undertaking and not about ils group. The charity and ils subsidiary undertaking Comprise a Small-se group. The ¢harily has therefo taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to ppare group accounts. Income from donations •nd legacies Unrestricted funds 2025 Unrestricted funds 2024 Donations and gifts 433,830 39,429 Donations include £433,83012024.. £18,929) from the Charity's subsidiary. Income from investments Unrestricted Unrestricted funds funds 2025 2024 Interest re1vable 533
TIFERETH BENEVOLENT FUND LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Expendlture on charltable a¢tlvltles 2025 2024 Dirèct costs Grant funding of activities Isee note 51 255,250 27,570 Analysis by fund Unrestricted funds 255,250 27,570 Grants payable 2025 2024 Orthodox Jewish Education 8nd religious studies Advancement of religion and the Orthodox Jewish faith Relief of hardship and poverty in the Jewish community 16,100 89,750 149,400 11,225 11,C>25 88,050 255,250 27,570 Material grants were made to the following bodies in the following amounts.. Zorey8 Tzedokos Asser Bishvil Foundation Tashuvoh Tefilloh Tzedokoh Rosecare Foundation The Machzikei Hadass CommLJnities Mifal Hachesed Vehatzedokoh Chasidei Yoel Charitbale Trust Friends of Kupal Hakahal Kirhyat Sefer Kolyow Trust Limited Live and Learn Other don81ions1185S th8n £10,000) 50,000 48,200 20,000 15,300 13,000 12,500 11,000 10,000 10,000 10,000 55,250 255,250 Governors None of the governors lor any persons connected with them) received any remuneration during the year.
TIFERETH BENEVOLENT FUND LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Employees 2025 Number 2024 Number Total There were no employees whose annual remuneration was more than £60,000. other expenditure Unrestricted Unrestricted funds funds 2025 2024 Accountancy fees Sundry expenses Bank Charges and interest Legal fees 2.300 699 74 2.205 2,440 2,118 45 5,278 4,603 Taxatlon Th& a¢tivities of Tifereth Benevolent Fund Limited are exgmpl from dirgcl taxation under Part 11 of Corporation Tax Act 2010. 10 Fixed asset investments Unlisted investments Cost or valuation Al 1 April 2024 & 31 March 2025 100 Carrying amount Al 31 March 2025 100 At 31 March 2024 100 11 Debtors 2025 2024 Amounts falling due within one year.. Other debtors 1,279 1,279
TIFERETH BENEVOLENT FUND LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 12 Credltors: amounts falllng due wlthln one year 2025 2024 Trade creditors Amounts owed to subsidiary undertakings Other credilors Accruals and deferred incorne 2,760 4,214 1,QOO 2,761 7,997 1,000 2.760 11,757 10,735 13 Unrestricted funds The unrestricted funds of the charity comprise the unexpended balanS of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been sel aside out of unreslricled funds by the Iruslees for specific purposes. At 1 April 2024 Incoming resources Resources At 31 March expended 2025 General funds 23,390 434,363 1260,5281 197,225 Prevlou$ year.. At 1 Aprll 2023 In¢omlng rèsour¢o$ R¢sour¢e$ At 31 March &xpended 2024 General funds 16,100 39,463 132,1731 23,390 14 Related paty tran$a¢tlons There were no disclosable related p8rty transactions during the year12024- none). 10-