Registered Charity Number 326164
TEN CHARITABLE TRUST Financial Statement
For the year ended 31 March 2025
- SEFTON YODAIKEN & CO CHARTERED ACCOUNTANTS Fairways House George Street, Prestwich Manchester M25 9WS
Ten Charitable Trust
.
| Annual Report For the year ended 31 March 2025
The Ten Charitable Trust is constituted by Deed of Trust and is a registered charity, number 326164. Its address is at 27 Waterpark Road Salford M7 4FT. The charity trustees are: |
- e Mr. Mordecai Halpern e Mr.Shmuel Halpern |
The object of the charity is to provide assistance:
- e Torelieve poverty; | e Tosupport educational establishments; e To support religion.
The administration of the trust is carried out by the Trustees.
The income of the charity is received by way of Gift Aid, donations, interest, rent. —
The Trustees examine all grant applications and they decide on the level of grant to be made depending on the cause and the level of reserves.
Risk Review
The trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finance of the charity, and are satisfied that systems are in place to mitigate those risks
Grant Making Policy . The charity is funded by donations and also from investment income. The charity gives out grants in line with the above objectives and in accordance with the charities grant making policy. The trustees confirm their compliance with the duty to have due regard to the public benefit guidance published by the Charity Commission when reviewing the charity’s aims and objectives and in planning its future activities.
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¢Ten Charitable Trust*
Trustees Report For the year ended 31 March 2025
Achievements and Performance The charity received £72,000 in donations during the year. Grants given during the year totalled £401,900. The grants were all in accordance with the charities objectives.
Financial Review In the current year the charity was successful in meeting its aims.
Investment Powers and Policy In accordance with the trust deed, the charity has power to make any investments which the trustees see fit. The trustees regularly review the charity's position and needs in respect of the investment policy. .
Reserves Policy
It is the policy of the charity to maintain unrestricted funds, which are free reserves of the charity at a level which the trustees think appropriate after considering the future commitments of the charity and likely costs of the charity for the next year.
Mr. M Halpern Trustee
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For and signed on behalf of the Board of Trustees.
12 December 2025 |
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_ eTen Charitable Trust
Independent Examiner’s Report to the Trustees For The Year Ended 31 March 2025
We report on the accounts of the Trust for the year ended 31 March 2025, which are set out on pages 4 to 5.
Respective responsibilities of trustees and examiner As the charity’s trustees you are responsible for the preparation of the accounts. You consider that the audit requirement of section 144 of the Charities Act 2011 (the Act) does not apply. It is my responsibility to state, on the basis of procedures specified in the General Directions given by the Charity Commissioners under section 145(5)(b) of the Act, 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 Charity Commissioners. 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 explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently do not express an audit opinion on the view given by the accounts.
Independent examiner's statement In connection with my examination, no matter has come to my attention:
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(1) Which gives me reasonable cause to believe that in any material respect the requirements (I) to keep accounting records in accordance with section 130 of the Act; and (ii) | to prepare accounts which accord with the accounting records and to comply with the accounting requirement of the Act
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have not been met; or ;
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(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
: Mr. S. Yodaiken 12 December 2025 | | - SEFTON YODAIKEN & CO _ CHARTERED ACCOUNTANTS Fairways House George Street, Prestwich Manchester M25 9WS | Page 3
eTen Charitable Trust
Statement of Financial Activities For the year ended 31 March 2025
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||||||
|---|---|---|---|---|
|Notes|2025|2024|
|£|£|
|.|
|Income resources|:|
|Voluntary income|.|2|72,000|71,534|
|Investment income|3|353,408|413,723|
|Dilapidation income|159,375|~|
|:|400,000|—|
|Gift of property|.|
|Other income|4,323|1,173|
|Total incoming resources|989,106|486,430|
|Resources|expenditure|
|Charitable distribution|401,900|634,465|
|Governance costs|4|5,069|2,049|
|Administrative expenses|5|40,364|59,531|
|Total resources expended|447,333|696,045|
|Net surplus/|(deficit) for the year|541,773|(209,615)|
|Surplus B/F|3,099,903|3,309,518|
|Surplus C/F|3,641,676|3,099,903|
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eTen Charitable Trust*
| Balance Sheet As at 31 March 2025
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||||||
|---|---|---|---|---|
|Notes|2025|2024|
|.|£|£|£|£|
|FixedTangibleassets fixed assets|6|2,368,606|1,968,606|
|CurrentDebtors|assets|7|1,281,890|1,194,875|
|Cash at bank|152,096|117,173|
|:|1,433,986|1,312,048|
|Creditors: due within the year|8|(37,599)|(57,434)|
|||1,396,387|1,254,614|
|Net|current|assets|
|Total assets less current liabilities|3,764,993|3,223,220|
|Funds|
|Unrestricted Reserves|9|3,764,993|3,223,220|
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Approved by the trustees on 12 December 2025 and signed on their behalf
Mr M Halpern Trustee
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— ©Ten Charitable Trust*
Notes to the Financial Statements For the year ended 31 March 2025
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1.These Accountingaccounts Policies have been prepared under the historical cost convention and in accordance with applicable accounting standards and the charities statement of recommended practise on accounting by charities (GORP 2005) issued in March 2005 and the Charities Act 2011.
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||||||||
|---|---|---|---|---|---|
|2.Voluntaryincome|||2025||2024|
||||£|||
|Donationsreceived
HMRCgiftaidreclaimed|||72,000
-—-||50,000
21,534|
||||72,000||71,534|
|||||.||
|3. Investmentincome|||2025||2024.|
||||£|||
|Rentalincome
Bankandotherinterest|||347,537
5,871||413,715
8|
||||353,408||413,723|
|4, Governance costs|||2025||2024|
||||£|||
|Accountancy
Bankcharges
Legalandprofessional|||1,350
295
3,A24||1,350
419
280|
||||5,069||2,049|
|5. Administrative expenses||
:||2025||2024|
||||£|||
|Insurance,heatandlight
Rates
Services
Repairsandcleaning
Telephoneandinternet
Commissions
Sundry
Printingand advertising|:|:|3,296
9,181
23,811
3,568
-—-
“=
48
460||508
9,025
38,114
2,338
313
8,744
32
457|
|||||40,364||59,531|
2. Voluntary income
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- eTen Charitable Trust
Notes to the Financial Statements For the year ended 31 March 2025
6. Tangible Fixed Assets - Freehold Property
| 6. Tangible Fixed Assets - Freehold PropertyTangible Fixed Assets - Freehold PropertyFixed Assets - Freehold PropertyAssets - Freehold Property- Freehold PropertyFreehold PropertyProperty | 6. Tangible Fixed Assets - Freehold PropertyTangible Fixed Assets - Freehold PropertyFixed Assets - Freehold PropertyAssets - Freehold Property- Freehold PropertyFreehold PropertyProperty | 7025 | |
|---|---|---|---|
| ! | £ 1,968,606 |
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| B/F Additions-giftofproperty |
|||
| Asat31March2025 | 2,368,606 | ||
| Asat31March2024 | 1,968,606 | ||
| 7.Debtors | 2025 | 2024 | |
| Tradedebtors Loandebtors |
: | £ 199,576 1,082,314 |
£ 171,061 1,023,814 |
| 1,281,890 | 1,194,875 | ||
| 8. Creditors: amounts duewithin | withinoneyear | 2025 | 2024 |
| £ | |||
| Tradecreditors Rentaldeposits VAT Othercreditors |
950 1,396 22,123 13,130 |
950 1,396 19,899 35,189 |
|
| 37,599 | 57,434 | ||
| 9. UnrestrictedReserve | 2025 | 2024 | |
| £ | £ | ||
| Settledfund Capitalaccounts Income account |
a | 10 123,307 3,641,676 |
10 123,307 3,099,903 |
| 3,764,993 |
- Trustees No remuneration was paid and no expenses were reimbursed to the Trustees during the year.
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