REGISTERED CHARITY NUMBER: 328332
THE SHAAREI CHESED TRUST
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
Sugarwhite Meyer HS Ltd First Floor 94 Stamford Hill London N16 6XS
THE SHAAREI CHESED TRUST
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
| Page | |||
|---|---|---|---|
| Reference and Administrative Details | 1 | ||
| Report of the Trustees | 2 | to | 3 |
| Independent Examiner's Report | 4 | ||
| Statement of Financial Activities | 5 | ||
| Statement of Financial Position | 6 | ||
| Notes to the Financial Statements | 7 | to | 10 |
THE SHAAREI CHESED TRUST
REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 30 SEPTEMBER 2025
TRUSTEES M M Bernath E Bernath M Klein (appointed 22.10.25) PRINCIPAL ADDRESS 16 Reizel Close London N16 5GY REGISTERED CHARITY 328332 NUMBER INDEPENDENT EXAMINER Sugarwhite Meyer HS Ltd First Floor 94 Stamford Hill London N16 6XS BANKERS TSB Bank plc 174 Clapton Common London E5 9AQ
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THE SHAAREI CHESED TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2025
The trustees present their report with the financial statements of the charity for the year ended 30 September 2025.
REFERENCE AND ADMINISTRATIVE INFORMATION
The information is shown on page 1 of the financial statements and forms part of this report.
OBJECTIVES AND ACTIVITIES
Objectives and aims
The relief of poverty, and other such charitable purposes as the trustees think fit.
The trustees confirm that they have given due regard the Charity Commission's guidance on public benefit.
ACHIEVEMENTS AND PERFORMANCE
Achievement and performance
The charity ran a fundraising campaign with the result that income rose by 27%, the trustees were thus able to increase grantmaking.
FINANCIAL REVIEW
Reserves policy
The trustees do not seek to maintain reserves, other than to ensure that they can continue the activities of the charity. Reserves at the year end were £36,307 (2024 - £33,349) with free reserves of £24,032 (2024 - £26,774).
FUTURE PLANS
The charity plans to continue its activities for the foreseeable future subject to satisfactory income.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Charity constitution
The charity is constituted and governed by Declaration of Trust dated 14 August 1989.
Recruitment and appointment of new trustees
The power to appoint new trustees is vested in the board. It is not the intention of the trustees to appoint any new trustees. Should the situation change in the future, the trustees will apply suitable recruitment induction and training procedures.
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.
STATEMENT OF TRUSTEES' RESPONSIBILITIES
The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".
Charity law requires the trustees to prepare financial statements for each financial year. Under that law, the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).
Under charity law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
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THE SHAAREI CHESED TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2025
STATEMENT OF TRUSTEES' RESPONSIBILITIES - continued
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011 and The Charity (Accounts and Reports) Regulations 2008. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the board of trustees on 25 February 2026 and signed on its behalf by:
M M Bernath - Trustee
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE SHAAREI CHESED TRUST
Independent examiner's report to the trustees of The Shaarei Chesed Trust
I report to the charity trustees on my examination of the accounts of The Shaarei Chesed Trust (the Trust) for the year ended 30 September 2025.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or 2. the accounts do not accord with those records; or
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the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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 HS Ltd First Floor 94 Stamford Hill London N16 6XS
25 February 2026
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THE SHAAREI CHESED TRUST
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2025
| 2025 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 161,238 EXPENDITURE ON Raising funds 6,415 Charitable activities 2 Grantmaking 150,555 Support 1,310 Total 158,280 NET INCOME 2,958 RECONCILIATION OF FUNDS Total funds brought forward 33,349 TOTAL FUNDS CARRIED FORWARD 36,307 |
2024 Total funds £ 127,145 |
|---|---|
| - 103,729 2,759 |
|
| 106,488 | |
| 20,657 12,692 |
|
| 33,349 |
The notes form part of these financial statements
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THE SHAAREI CHESED TRUST
STATEMENT OF FINANCIAL POSITION 30 SEPTEMBER 2025
| Notes CURRENT ASSETS Debtors 6 Cash at bank CREDITORS Amounts falling due within one year 7 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES CREDITORS Amounts falling due after more than one year 8 NET ASSETS FUNDS 10 Unrestricted funds TOTAL FUNDS |
2025 Total funds £ 12,500 30,932 43,432 (6,900) 36,532 36,532 (225) 36,307 36,307 36,307 |
2024 Total funds £ 9,500 30,494 39,994 (3,720) 36,274 36,274 (2,925) 33,349 33,349 33,349 |
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 25 February 2026 and were signed on its behalf by:
M M Bernath - Trustee
The notes form part of these financial statements
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THE SHAAREI CHESED TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, 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 Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
Income received by way of donations is accounted for 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.
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.
Taxation
The charity is exempt from tax on its charitable activities.
Going concern
There are no material uncertainties about the charity's ability to continue.
Financial instruments
The charity only has financial assets and liabilities of a kind that qualify as basic financial instruments.
Current assets and current liabilities are subsequently measured at the amount expected to be received or paid and not discounted.
2. CHARITABLE ACTIVITIES COSTS
| Grantmaking Support |
Grant funding of activities (see note 3) £ 150,555 - 150,555 |
Support costs (see note 4) £ - 1,310 1,310 |
Totals £ 150,555 1,310 |
|---|---|---|---|
| 151,865 |
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THE SHAAREI CHESED TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2025
| 3. GRANTS PAYABLE 2025 £ Grantmaking 150,555 The total grants paid to institutions during the year was as follows: 2025 £ Advancement of religion 860 Advancement of education 5,090 Relief of poverty 1,950 Social welfare 400 Medical - General purpose - 8,300 The total grants paid to individuals during the year was as follows: 2025 £ Relief of poverty 142,255 4. SUPPORT COSTS Governance Finance costs £ £ Support 110 1,200 Support costs, included in the above, are as follows: Finance 2025 Support £ Bank charges 110 Governance costs 2025 Support £ Independent examiner's fee 600 Independent examiner's other fees 600 General expenses - 1,200 |
2024 £ 103,729 2024 £ 16,950 1,905 1,670 300 75 80 20,980 2024 £ 82,749 Totals £ 1,310 2024 Total activities £ 1,243 2024 Total activities £ 480 540 496 1,516 |
|---|---|
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THE SHAAREI CHESED TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2025
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30 September 2025 nor for the year ended 30 September 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 30 September 2025 nor for the year ended 30 September 2024.
6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
||
|---|---|---|
| 2025 £ Other debtors 12,500 7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 £ Bank loans and overdrafts (see note 9) 2,700 Other creditors 4,200 6,900 8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 2025 £ Bank loans (see note 9) 225 9. LOANS An analysis of the maturity of loans is given below: 2025 £ Amounts falling due within one year on demand: Bank loans 2,700 Amounts falling due between two and five years: Bank loans - 2-5 years 225 10. MOVEMENT IN FUNDS Net At movement 1.10.24 in funds £ £ Unrestricted funds General fund 33,349 2,958 TOTAL FUNDS 33,349 2,958 |
2024 £ 9,500 |
|
| 2024 £ 2,700 1,020 3,720 2024 £ 2,925 2024 £ 2,700 2,925 At 30.9.25 £ 36,307 |
2024 £ 2,700 1,020 |
|
| 3,720 | ||
| 2024 £ 2,925 |
||
| 2024 £ 2,700 |
||
| 2,925 | ||
| 36,307 |
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THE SHAAREI CHESED TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2025
10. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Incoming resources £ Unrestricted funds General fund 161,238 TOTAL FUNDS 161,238 Comparatives for movement in funds At 1.10.23 £ Unrestricted funds General fund 12,692 TOTAL FUNDS 12,692 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 127,145 TOTAL FUNDS 127,145 |
Resources Movement expended in funds £ £ (158,280) 2,958 (158,280) 2,958 Net movement At in funds 30.9.24 £ £ 20,657 33,349 20,657 33,349 Resources Movement expended in funds £ £ (106,488) 20,657 (106,488) 20,657 |
|---|---|
11. RELATED PARTY DISCLOSURES
The charity received unrestricted donations of £7,7500 (2024: £2,500) from Torah Temimah Trust, a charity with trustees in common. Grants totalling £29,150 (2024: £12,154) were made to relatives of the trustees.
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