**REGISTERED CHARITY NUMBER: 1000146**
## **Report of the Trustees and**
**Unaudited Financial Statements for the Year Ended 31 August 2025**
**for**
**Torah Temimoh Primary School**
**Torah Temimoh Primary School**
## **Contents of the Financial Statements for the Year Ended 31 August 2025**
|||**Page**||
|---|---|---|---|
|**Report of the Trustees**|1|to|2|
|**Independent Examiner's Report**||3||
|**Statement of Financial Activities**||4||
|**Balance Sheet**||5||
|**Cash Flow Statement**||6||
|**Notes to the Cash Flow Statement**||7||
|**Notes to the Financial Statements**|8|to|12|
|**Detailed Statement of Financial Activities**||13||
**Torah Temimoh Primary School**
## **Report of the Trustees for the Year Ended 31 August 2025**
The trustees present their report with the financial statements of the charity for the year ended 31 August 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).
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
The objectives of the charity are the advancement of the education of the public, and in particular but not so as to limit the generality of the foregoing, providing and maintaining a school for young persons under the age of eighteen.
## **Strategies for achieving objectives**
The charity achieves its objectives by supporting the work of the Torah Temimah Primary School (an independent entity), a Voluntary Aided school based in the London Borough of Brent, in particular by funding the religious study provision of the school. The charity also makes various smaller grants to other bodies with an educational objective.
The charity fundraises from the local community and beyond in order to be able to support its objectives.
## **ACHIEVEMENTS AND PERFORMANCE**
## **Charitable activities**
Funds donated to the Torah Temimoh Primary School and related entities amounted to £831,172 (2024: £649,463). With a background of falling income in real terms, all Government funded schools are finding their financial position increasingly precarious. The trustees of the charity are determined that no child should suffer educationally from the current funding crisis. The trustees, and the volunteers working with the charity are working hard to ensure that the school can continue to deliver an outstanding education to all of its pupils. Donations to the school are used to cover staff costs and to ensure that teacher numbers do not have to be cut, as this would have a negative effect on the education offered.
## **FINANCIAL REVIEW**
## **Financial review and reserves policy**
Torah Temimah Primary School continues to offer an exceptional, closely-knit educational environment for its approximately 200 pupils. Operating as a smaller, specialised school allows us to provide highly individualised care and maintain a strong community ethos. However, this small scale inherently presents higher per-pupil overhead costs, and the physical parameters of our current premises preclude any further expansion of student numbers.
The school records the lowest proportion of pupils eligible for Pupil Premium funding within the London Borough of Brent. While this reflects the stable socio-economic profile of our parent body, it also restricts the school's eligibility for central government funding streams aimed at more disadvantaged demographics. This funding constraint has been further compounded by recent shifts in statutory education financing, which have redirected resources away from London authorities toward rural regions.
In light of these structural funding challenges, the Trustees wish to express their profound gratitude to our parent body and the wider local community. The financial resilience and continued operational success of Torah Temimah Primary School are a direct result of the extraordinary generosity and dedication of our supporters. Where statutory funding streams are limited, our community's proactive commitment has bridged the gap. The Trustees remain deeply grateful for this ongoing partnership, which ensures the school can maintain its high standards of education and remain on a secure, sustainable footing for the future.
The trustees aim to keep £50,000 in reserve. This level is set as a reasonable level in order to meet any unexpected costs of the school or other charities applying for funding.
## **FUTURE PLANS**
The Trustees wish to continue supporting the Torah Temimoh Primary School for future periods. It is recognised that further fundraising will be necessary, and the trustees plan to approach Trusts, Foundations and individuals to allow them to further the educational prospects of the children in the school.
Page 1
**Torah Temimoh Primary School**
## **Report of the Trustees**
## **for the Year Ended 31 August 2025**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document, a deed of trust dated 1st August 1990, and constitutes an unincorporated charity.
## **Method of appointment of trustees**
The management of the charity is the responsibility of the Trustees who are appointed by resolution of the existing trustee body. New trustees receive appropriate training based on a skills audit on appointment.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Registered Charity number**
1000146
## **Principal address**
5 North End Road London NW11 7RJ
## **Trustees**
A Heller
## **Independent Examiner**
Frank Martin London Accounting Group Ltd
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
........................................................................ A Heller - Trustee
Page 2
**Independent Examiner's Report to the Trustees of Torah Temimoh Primary School**
## **Independent examiner's report to the trustees of Torah Temimoh Primary School**
I report to the charity trustees on my examination of the accounts of Torah Temimoh Primary School (the Trust) for the year ended 31 August 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**
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
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:
1. 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
3. 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.
Frank Martin
London Accounting Group Ltd
Date: .............................................
Page 3
**Torah Temimoh Primary School**
## **Statement of Financial Activities for the Year Ended 31 August 2025**
|31.8.25
Unrestricted
fund
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
802,597
Investment income
3
-
**Total**
802,597
**EXPENDITURE ON**
Raising funds
4
4,707
**Charitable activities**
5
Funds expended on the school
831,172
Donations paid
55,150
Other
849
**Total**
891,878
**NET INCOME/(EXPENDITURE)**
(89,281)
**RECONCILIATION OF FUNDS**
Total funds brought forward
249,446
**TOTAL FUNDS CARRIED FORWARD**
160,165|31.8.24
Total
funds
£
814,217
33
814,250
9,600
649,463
34,400
-
693,463
120,787
128,659
249,446|
|---|---|
The notes form part of these financial statements
Page 4
**Torah Temimoh Primary School**
## **Balance Sheet 31 August 2025**
|31.8.25
Unrestricted
fund
Notes
£
**CURRENT ASSETS**
Cash at bank
160,885
**CREDITORS**
Amounts falling due within one year
10
(720)
**NET CURRENT ASSETS**
160,165
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
160,165
**NET ASSETS**
160,165
**FUNDS**
11
Unrestricted funds
160,165
**TOTAL FUNDS**
160,165|31.8.24
Total
funds
£
249,446
-
249,446
249,446
249,446
249,446
249,446|
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. A Heller - Trustee
The notes form part of these financial statements
Page 5
**Torah Temimoh Primary School**
## **Cash Flow Statement**
## **for the Year Ended 31 August 2025**
|Notes
**Cash flows from operating activities**
Cash generated from operations
1
Net cash (used in)/provided by operating activities
**Change in cash and cash equivalents in**
**the reporting period**
**Cash and cash equivalents at the**
**beginning of the reporting period**
**Cash and cash equivalents at the end of**
**the reporting period**|31.8.25
£
(88,561)
(88,561)
(88,561)
249,446
160,885|31.8.24
£
120,787
120,787
120,787
128,659
249,446|
|---|---|---|
The notes form part of these financial statements
Page 6
**Torah Temimoh Primary School**
## **Notes to the Cash Flow Statement for the Year Ended 31 August 2025**
## **1. RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES**
|**Net (expenditure)/income for the reporting period (as per the**
**Statement of Financial Activities)**
**Adjustments for:**
Increase in creditors
**Net cash (used in)/provided by operations**|31.8.25
£
(89,281)
720
(88,561)|31.8.24
£
120,787
-
120,787|
|---|---|---|
**2. ANALYSIS OF CHANGES IN NET FUNDS**
|**Net cash**|At 1/9/24
£|Cash flow
£|At 31/8/25
£|
|---|---|---|---|
|Cash at bank|249,446|(88,561)|160,885|
||249,446|(88,561)|160,885|
|**Total**|249,446|(88,561)|160,885|
The notes form part of these financial statements
Page 7
**Torah Temimoh Primary School**
## **Notes to the Financial Statements for the Year Ended 31 August 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**
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.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
## **Taxation**
The charity is exempt from tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **2. DONATIONS AND LEGACIES**
|Gifts
Donations|31.8.25
£
-
802,597
802,597|31.8.24
£
1
814,216
814,217|
|---|---|---|
continued...
Page 8
**Torah Temimoh Primary School**
## **Notes to the Financial Statements - continued for the Year Ended 31 August 2025**
|**3.**
**INVESTMENT INCOME**
Bank interest received
**4.**
**RAISING FUNDS**
**Raising donations and legacies**
Fundraising costs
**5.**
**CHARITABLE ACTIVITIES COSTS**
Funds expended on the school
Donations paid
**6.**
**GRANTS PAYABLE**
Total grants paid to institutions is comprised as follows:
North London Welfare and Education Foundation
Beis Soroh Schneirer of Golders Green Limited
Yeshiva Lezeirim
Beth Midrash Lemoroth
Beth Jacob Grammar School for Girls Limited
**7.**
**SUPPORT COSTS**
Other resources expended|Direct
Costs
£
831,172
-
831,172|31.8.25
£
-
31.8.25
£
4,707
Grant
funding of
activities
(see note
6)
£
-
55,150
55,150|31.8.25
£
-
31.8.25
£
4,707
Grant
funding of
activities
(see note
6)
£
-
55,150
55,150|
|---|---|---|---|
|||||
|||||
continued...
Page 9
**Torah Temimoh Primary School**
**Notes to the Financial Statements - continued for the Year Ended 31 August 2025**
## **8. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 August 2025 nor for the year ended 31 August 2024.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 August 2025 nor for the year ended 31 August 2024.
## **9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
||Unrestricted|
|---|---|
||fund|
||£|
|**INCOME AND ENDOWMENTS FROM**||
|Donations and legacies|814,217|
|Investment income|33|
|**Total**|814,250|
|**EXPENDITURE ON**||
|Raising funds|9,600|
|**Charitable activities**||
|Funds expended on the school|649,463|
|Donations paid|34,400|
|**Total**|693,463|
|**NET INCOME**|120,787|
|**RECONCILIATION OF FUNDS**||
|Total funds brought forward|128,659|
|**TOTAL FUNDS CARRIED FORWARD**|249,446|
|||
continued...
Page 10
**Torah Temimoh Primary School**
## **Notes to the Financial Statements - continued for the Year Ended 31 August 2025**
## **10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|Other creditors
**11.**
**MOVEMENT IN FUNDS**
At 1/9/24
£
**Unrestricted funds**
General fund
249,446
**TOTAL FUNDS**
249,446
Net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
802,597
**TOTAL FUNDS**
802,597
**Comparatives for movement in funds**
At 1/9/23
£
**Unrestricted funds**
General fund
128,659
**TOTAL FUNDS**
128,659
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
814,250
**TOTAL FUNDS**
814,250|31.8.25
31.8.24
£
£
720
-
Net
movement
At
in funds
31/8/25
£
£
(89,281)
160,165
(89,281)
160,165
Resources
Movement
expended
in funds
£
£
(891,878)
(89,281)
(891,878)
(89,281)
Net
movement
At
in funds
31/8/24
£
£
120,787
249,446
120,787
249,446
Resources
Movement
expended
in funds
£
£
(693,463)
120,787
(693,463)
120,787|
|---|---|
continued...
Page 11
**Torah Temimoh Primary School**
## **Notes to the Financial Statements - continued for the Year Ended 31 August 2025**
## **11. MOVEMENT IN FUNDS - continued**
A current year 12 months and prior year 12 months combined position is as follows:
|**Unrestricted funds**
General fund
**TOTAL FUNDS**|At 1/9/23
£
128,659
128,659|Net
movement
in funds
£
31,506
31,506|At
31/8/25
£
160,165
160,165|
|---|---|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
|**Unrestricted funds**|Incoming
Resources
resources
expended
£
£|Movement
in funds
£|
|---|---|---|
|General fund|1,616,847
(1,585,341)|31,506|
|**TOTAL FUNDS**|1,616,847
(1,585,341)|31,506|
## **12. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 August 2025.
Page 12
**Torah Temimoh Primary School**
## **Detailed Statement of Financial Activities for the Year Ended 31 August 2025**
|**Detailed Statement of Financial Activities**
**for the Year Ended 31 August 2025**|||
|---|---|---|
||31.8.25|31.8.24|
||£|£|
|**INCOME AND ENDOWMENTS**|||
|**Donations and legacies**|||
|Gifts|-|1|
|Donations|802,597|814,216|
|**Investment income**|802,597|814,217|
|Bank interest received|-|33|
|**Total incoming resources**|802,597|814,250|
|**EXPENDITURE**|||
|**Raising donations and legacies**|||
|Fundraising costs|4,707|9,600|
|**Charitable activities**|||
|Funds expended on the school|831,172|649,463|
|Grants to institutions|55,150|34,400|
|**Other**|886,322|683,863|
|Bank charges|129|-|
|**Support costs**|||
|**Governance costs**|||
|Accountancy|720|-|
|Total resources expended|891,878|693,463|
|**Net (expenditure)/income**|(89,281)|120,787|
||||
This page does not form part of the statutory financial statements
Page 13