COMPANY REGISTRATION NUMBER: 02766675
CHARITY REGISTRATION NUMBER: 1037631
Talmud Torah Education Limited
Company Limited by Guarantee
Financial Statements
31 March 2024
BRINDLEY GOLDSTEIN LIMITED
Chartered accountants & statutory auditor
103 High Street
Wallham Cross
Herts
EN8 7AN

Talmud Torah Education Limited
Company Limited by Guarantee
Financial Statements
Year ended 31 March 2024
Page
Trustees, annual report (incorporating the direclorfs report)
Independent auditor's report to the members
statement of financial activities (including income and
expenditure account)
10
Statement of financial position
11
Statement of cash flows
12
Notes to the financial statements
13

Talmud Torah Education Limited
Company Limited by Guarantee
Trustees. Annual Report {Incorporating the Directorfs Report)
Year ended 31 March 2024
The trustees, who are also the directors for the purposes of company law, present their report and the
financial statements of the charity for the year ended 31 March 2024.
Reference and administrative detsils
Registered charity name
Talmud Torah Education Limited
Charity registration number
1037631
Company registration number 02766675
Prlnclpal offlce and registered 111 Cazenove Road
offlce
London
N16 6AX
The trustees
B. Berger
S. Cik
A. Frankel
Auditor
Brindley Goldstein Limited
Chartered accountanls & statutory auditor
103 High Street
Waltham Cross
Herts
EN8 7AN
Structureg governanc8 and managament
The charity is a company limited by guarantee and is governed by its Memorandum and Articles of
Association dated 17 November 1992.
Recruitment and appointment of new trustees
The power to appoint new trustees is vested in the current board. New trustees are appointed based
on personal competence, specialist skills and experience. They are inducted into the wothing of the
charity by the current board and are encouraged to read the Charity Commission's various
publications on trustee5.

Talmud Torah Education Limited
Company Limited by Guarantee
Trustees, Annual Report (Incorporating the Director's Report) (contlnued)
Year ended 31 March 2024
Objectives and activities
The company is established for charitable purposes, its objectives being to advance religion in
accordance with the Orthodox Jewish faiih and for such other purposes as are recognised by English
law as Charitable.
The company operates a school for boys, which is based in North London and aims to provid8 Its
pupils with a sound education of the highest order.
Public benefit
The directors (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 future activities.
The charity's support provides students with access to high-quality education, through good quality of
resourc8s, skilled teachers, and a nurturing learning environment. By sending their children to our
schools, parents ensure their kids receive a strong educational foundation, which can signrficantly
improve their future opportunities. The charity's programs not only focus on academic excellence but
also promote personal development and social skills. This comprehensive approach equips students
to contribute positively to society and helps break the cycle of disadvantage, offering lon9-temi
benefrts to both the children and their communFties
Strategic report
The following sections for achievements and performance and financial review form the strategic
report of the charity.
Achlevements and performance
During the year the school continued to function to the satisfaction of the Trustees.
As part of their duties, the Truslees are constantly reviewing the level of seNices provided, and are
prepared to introduce any improvements that are deemed necessary.
We have increased our activities and programmes to benefit the students. We have also invested in
better nutrilion and more staff training.

Talmud Torah Education Limited
Company Llmited by Guarantee
Trustees, Annual Report (Incorporating the Director's Report) (continueaT)
Year ended 31 March 2024
FFnancial revlew
Income from after-school child care increased during the year to £2,063,808 (2023.. £2,043.289).
The school operate5 on a no-fe& basis, ensuring that no child is excluded from education due to
financial hardship. Our School is sustained through generous public donations and additional income
generated from after-school childcare programs. Importantly, we do not turn away families who need
after-school childcare but 8re unable to contribute toward it. To cover these extra costs and provid8
support to families in need, we rely on ongoing public donations, which allow us to maintain inclusivity
and ensure that financial limitations of the poor do not hinder their children's access to our services.
Reserves policy
The trustees ensure that the charity has sufficient reseNes and pledges to cover minimum
commitments over at least the next months.
Fundraising actlvltles
A number of fundraising events and activitres took place during the year. This resulted in satisfactory
level of donations being received.
Financial results
As required by the SORP, incoming resources and resources expended show Donations in kind which
repres8nts an assessment of what the charity would incur rf it were to pay a fair rent for the properties
it occupies.
Income has decreased to £3,201,716 during the year {2023: £3,554,026) and the charity reports a
deficit for the year of £69,388 (2023. D&ficit £7,706). The trustees are confident to keep within budg8t
and will continue to examine ways to increase income as well as savings in costs.
Trust8es' responsibilities Statement
The trustees, who are also directors for the purposes of company law, are responsible for preparing
the trustees, report and the financial statements in accordance with applicable law and United
Kingdom Accounting Standards {Unit&d Kingdom Generalty Accepted Accounting Practice).
Company law requires the charity trustees to prepare financial statements for each y8ar which give a
true and fair view of the state of affairs of the charitable company and the incoming resources and
application of resources, including the income and expenditure, for that P8riod.

Talmud Torah Education Limited
Company Llmited by Guarantee
Trustees, Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 March 2024
In preparing these financial statements, the trustees are required to..
select suitable accounting policies and then apply them consistently.,
obseNe the methods and principles in the applicable Charrties SORP.,
make judgments and accounting estimates that are reasonable and prudent-
state whether applicable UK Accounting Standards have been followed, subject to any material
departures disclosed and explained in the financial statements-
prepare the financial statements on the going concern basis unless it is inappropriate to presume
that the charity will continue in business.
The trustees are responsible for keeping adequate accounting records that are sufficient to show and
explain the charity's transadions and disclose wrth reasonable accuracy at any time the financial
position of the charity and enable them to ensure that the financial statements comply with the
Companies Act 2006. 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.
Auditor
Each of the persons who is a trustee at the date of approval of this report confirms that=
so far as they are aware, there is no relevant audit information of which the charity's auditor is
unaware., and
they have taken all steps that they ought to have taken as a trustee to make themselves aware of
any relevant audit infomiation and to establish that the charty's auditor is aware of that
information.
The trustees. annual report and the strategic report were approved on 12 November 2024 and signed
on behalf of the board of trustees by-
S. Cik
Trustee

Talmud Torah Education Limited
Company Limited by Guarantee
Independent Auditor's Report to the Members of Talmud Torah Education
Limited
Year ended 31 March 2024
Opinion
We have audiled the financial statements of Talmud Torah Education Limited {the 'charity') for the
year ended 31 March 2024 which comprise the statement of financial activities (including income and
expenditure account), statement of financial position, statement of cash flows and the related notes,
including a summary of significant accounting policies. The financial reporting framework that has
been applied in their preparation is applicable law and United Kingdom Accounting Standards,
including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland
(United Kingdom Generally Accepted Accounting Practice).
In our opinion the flnancial statements:
give a true and fair view of the state of the charity's affairs as at 31 March 2024 and of its
incoming resources and application of resources, including its in¢ome and expenditure, for the
year then ended,.
have been properly prepared in accordance with United Kingdom Generally Accepted
Accounting Practice..
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and
applicable law. Our responsibilities under those standards are further described in the auditor's
responsibiljiies for the audit of the financi81 statements section of our report. We are independent of
the charity in accordance with the ethical requirements that are relevant to our audit of the financial
statements in the UK, including the FRC'S Ethical St8ndard, and we have fulfilled our other ethical
responsibilities in accordance with these requirements. We believe that the audit evidence we have
obtained is sufficient and appropriat8 to provide a basis for our opinion.
Concluslons relating to going concern
In auditing the financial stat8ments, we have concluded that the trustees, use of the going concem
basis of accounting in the preparation of the financial statements is appropriate.
Bas8d on Ihe work we have performed, we have not identified any material uncertainties relating to
events or conditions that, individually or collectively, may cast significant doubt on the charity's ability
to continue as a going concern for a period of at least twelve months from when the financial
statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described
in the relevant sections of this report.

Talmud Torah Education Limited
Company Limited by Guarantee
Independent Auditor's Report to the Members of Talmud Torah Education
Lim ited {¢ontlnued)
Year ended 31 March 2024
Other information
The other information comprises the information included in the annual report. other than the financial
statements and our auditor's report thereon. The trustees are responsible for the other information.
Our opinion on the financial ststements does not cover the other information and. except to the exient
otherwise explicitly stated in our report. we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibilty is to read the other
information and, in doing so, Consider whether the other information is materially inconsistent with the
financial statements or our knowledge obtained in the audit or Othe￿ise appears to be materially
misstated. If we identify such material inconsistencies or apparent material misstatements, we are
required to determine whether there is a material misstatement in the financial slatem8nts or a
material misstatement of the Other information. If, based on the work we have perfomied, we conclude
that there is a malerial misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit..
the information given in the trustees, report for the financial year for which the financial
statements are prepared is consistent with the financial statements., and
the trustees, report has been prepared in accordance With applicable legal requirements.
Matters on which we are required to reF)Ort by exception
In the light of the knowledge and understanding of the charity and its environment obtained in the
course of the audit, we have not identified material misstatements in the trustees. report.
We have nothing to report in respect of the following matters in relation to which the Companies Act
2006 requires us to reporl to you if. in our opinion..
adequate accounting record5 have not been kepl, or returns adequate for our audit have not
been received from branches not visited by u5,. or
the financial statements are not in agreement with the a¢¢ounting records and returns; or
certain disclosures of trustees, remuneration specified by law are not made. or
we have not received all the infomation and explanations we require for our audit.

Talmud Torah Education Limited
Company Limited by Guarantee
Independent Auditor's Report to the Members of Talmud Torah Education
Limited {conliftuedJ
Year ended 31 March 2024
Responsibilltles of trustees
As explained more fully in the trustees, responsibilities statement, the trustees (who are also the
directors for the purposes of company law) are responsible for the preparation of the financial
statements and for being satisfied that they give a true and fair view, and for such internal control as
the trustees determine is necessary to enable the preparation of financial statements that are free
from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charity's ability to
continue as a going ¢on¢ern, disclosing. as applicable, matters related to going concern and using the
going ¢on¢ern basis of a¢￿untIng unless the trustees either intend to liquidate the charity or to cease
operations, or have no realistic alternative but to do so.
Auditorfs responsibiliti8s for the audit of the financial ststements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole
are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that
includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that
an audit conducted in accordance with ISAS {UKI will afvays detect a material misstatement when it
exists. Misstatements can arise from fraud or error and are considered material rf, individually or in the
aggregate, they could reasonably be expected to influence the economic decisions of users taken on
the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design
procedures in line with our responsibilities, oullined above, to detect material misstatements in respect
of irregularities, including fraud. The extent lo which our procedures are capable of detecting
irregularities, including fraud is detailed below..
Identifying and lesting journal entries and the overall accounting records, particularly those that were
significant and unusual.
Reviewing the financial statement disclosures and detemiining whether accounting policies have been
appropriately applied.
Assessing the exlent of compliance, or lack of, with relevant laws and regulations.
Testing key revenue lines, for evidence of management bias.
Verification of key assets.
Obtaining third-party confirmation of material balances.
Documenting and verifying all significant related party balances and transactions.
Reviewing documentation such as the company board minutes, correspondence wtth solicitors, for
discussions of irregularities including fraud.

Talmud Torah Education Limited
Company Limited by Guarantee
Independent Audltor's Report to the Members of Talmud Torah Education
Llmlted (continugd)
Year ended 31 March 2024
As part of an audit in accordance with ISAS (UK), we exercise professional judgment and maintain
professional scepticism throughout the audit. We also-
Identify and assess the risks of material misstatement of the financial statements, whether due to
fraud or error, design and perform audit procedures responsive lo those risks, and obtain audit
evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not
detecting a material misstatement resulting from fraud is higher than for one resulting from error,
as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override
of internal control.
Obtain an understanding of internal control relevant to the audit in order to design audit
procedures that are appropriate in the circumstances, but not for the purpos8 of expressing an
opinion on the effectiveness of the internal control.
Evaluate the appropriat8ness of accounting policies used and the reasonableness of accounting
estimates and related disclosures made by the trustees.
Conclude on the appropriateness of the trustees. use of the going concern basis of accounting
and, based on the audf( evidence obtained, whether a material uncertainty 8XlSts related to
events or conditions that may cast significant doubt on the charity's ability to continue as a going
concem. If we conclude that a material uncertainty exists, we are required to draw attention in
our auditor's report to the related disclosures in the financial statements or, if such disclosures
are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained
up to the dale of our auditor's report. However. future events or Conditions may cause the charty
to Cease to continue as a going concem.
Evaluate the overall presentation. structure and conlent of the financial statements, including the
disclosures, and whether the financial statements represent the underlying transactions and
events in a manner that achieves fair presentation.

Talmud Torah Education Limited
Company Limited by Guarantee
Independent Auditor's Report to the Members of Talmud Torah Education
Limited (continued)
Year ended 31 March 2024
We communicate with those charged with governance regarding, among other matters. the planned
scope and timing of the audit and significant audit findings, including any significant deficiencies in
internal control that we identify duiing our audit.
Use of our report
This report is made solely to the charity's members, as a body, in accordance with Chapter 3 of Part
16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the
charity's members those matters we are required to stste to them in an auditor's report and for no
other purpose. To the fullest extent permrtted by law, we do not accept or assume responsibilty to
anyone other than the charity and the charity's members as a body, for our audit work, for this report,
or forthe opinions we have formed.
C. H. Goldstein FCA (Senior Ststutory Auditor)
For and on behalf of
Brindley Goldstein Limited
Charlered accountants & statutory auditor
103 High Street
Waltham Cross
Herts
EN8 7AN
12 November 2024

Talmud Torah Education Limited
Company Limited by Guarantee
Statement of Financial Activities
(including income and expenditure account)
Year ended 31 March 2024
2024
Unrestricted
funds Total funds Total funds
2023
Noto
Income and endowments
Donations and legacies
Investment income
Other income
2,768,635
13
433,068
2,768,635
3,142,854
433,068
411,172
Total Income
3.201,716
3,201,716
3,554,026
Expenditure
Expenditure on raising funds..
Costs of other trading activities
Expenditure on charitable activtties
Total expenditure
91,465
9,10 3.179.639
3.271.104
91,465
3.179,639
97,386
3,464,346
3,271.104
3,561.732
Net expenditure and not movement in funds
169.388)
(69,388)
{7.7061
Reconciliation of funds
Total funds brought forward
Total funds carried fonvard
478,333
478,333
486,039
408,945
408,945
478,333
The staternent of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing adivities.
Tho notss on pages 13 to 21 fomi part of these financial statèments.
10

Talmud Torah Education Limited
Company Limited by Guarantee
Statement of Flnancial Position
31 March 2024
2024
2023
Note
Fixed assets
Tangible r￿ed assets
16
555,988
538.382
Current assets
Debtors
Cash at bank and in hand
17
1,900
41,384
32,088
32,088
43,284
Creditors: amounts falling due withln one year
Net Current liabilities
18
179,131
103,333
147,043
60.049
Total assets less current liabilities
408,945
478,333
Net assets
408,945
478,333
Funds of the charity
Unrestricted funds
408,945
478,333
Totsl Charlty funds
20
408,945
478,333
These financial statements were approved by the board of trustees and authori5ed for issue on 12
November 2024, and are signed on behalf ofthe board by".
S. Cik
Trustee
The notes on pages 13 to 21 form part of thèse finaneial ststements.
11

Talmud Torah Education Limited
Company Limited by Guarantee
Statement of Cash Flows
Year ended 31 March 2024
2024
2023
Cash flows from operating activities
Net expenditure
(69.388)
(7,706)
Adjustments for
Depreciation of tangible fixed ass8ts
Government grant income
Other interest receivable and similar income
Accrued expenses
101,247
82,366
(496,018)
(13)
3,000
3,900
Changes in..
Trade and other d8btors
Trade and other creditors
1,900
72.798
(11,217)
(428,675)
Cash generated from operations
109,544
Interest received
13
Net cash froml(used inl operating activities
109,557
(428,675)
Cash flov&S from investing activities
Purchase of tangible assets
Net cash used in investing activities
(118,853) (217,744)
(118.853)
(217,744}
Cash flow5 from financing activities
Government grant income
Net cash from financing activities
496,018
496,018
Net decrease in cash and cash equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year
(9,296)
41,384
(150.401)
191,785
32,088
41,384
The not￿ on pagos 13 to 21 fomi part of these flnanclal statoments.
12

Talmud Torah Education Limited
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 March 2024
General information
The charily is a public benefit entity and a private company limited by guarantee, registered in
England and Wales and a registered charity in England and Wales. The address of the
registered office is 111 Cazenove Road. London, N16 6A
Statement of compliance
These financial statements have been prepared in compliance with FRS 102. The Financial
Reporting Standard applicable in the UK and the Republic of Ireland,, the 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) (Charities
SORP (FRS 102)} and the Companies Act 2006.
Accounting policies
Taxation
The charity is exempt from corporation tax on its charitable activities.
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modrfied by the
revaluation of certain financial assets and liabilities and investment properties measured at fair
value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management lo make judgements,
estimates and assumptions that affect Ihe amounts reported. These estimates and judgements
are continually reviewed and are based on experience and other factors, including expectations
of future events that are believed to be reasonable under the circumstances.
In the process of applying the entty's accounting policies no significant judgements or key
sources of estimation were made by management that have any significant effect on the
amounts recognised in the financial statements.
13

Talmud Torah Education Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2024
Accounting policies (continued)
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the
charity's purposes.
Designated funds are un￿$t[1ded funds eamiarked by the trustees for particular future project or
commitment.
Restricted funds are subjected to restriction5 on their expenditure declared by the donor or
through the terms of an appeal, and fall into one of two sub-classes.. restrict8d income funds or
endowment funds.
Incoming resources
All income is recognised in th8 Statement of Financial Activiiies once the charity has entitlement
to the funds, it is probable that the income will be received and the amount can be measured
reliably.
Resources expended
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.
Allocation and apportionment of costs
Costs are allocated and apportioned to the various categories of expenditure on the following
(i) costs that relate solely to one activity are allocated to that activity.
{ii) costs that relate to more than one activity are split between the activities, based on the
estimated usage attributable to each activity. In the case of staff costs the allocation is based on
estimated staff time attributed to each activty.
(iii) costs that are common to all activities are categorised as support costs.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The
aggregate benefit of lease incentives is r8¢ognised as a reduction to expense over the lease
lerm, on a straight-line basis.
14

Talmud Torah Education Limited
Company Limited by Guarantee
Notes to the Financial Statements (continuerfj
Year ended 31 March 2024
Accounting pollcles (¢ontinuedJ
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any
accumulated depreciation and impairment losses. Any tangible assets carried at revalued
amounts are recorded at the fair value at the date of revaluation less any subsequent
accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation: is recognised in other
recognised gains and losses, unless it reverses a charge for impairmenl that has previously been
recognised as expenditure wilhin the slatement of financial activities. A decrease in the carrying
amount of an asset as a result of revaluation. is recognised in other recognised gains and losses,
except to which it offsets any previous revaluation gain, in which case the loss is showr, within
other recognised gains and losses on the statement of financial activities.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less Fts residual
value. over the useful economic lrfe of that asset as follows:
Plant and machinery
Fixtures and fittings
Motor vehicles
Computer Equipment
150/0 reducing balance
15Q/o reducing balance
25% reducing balance
33% reducing balance
Impairment of fixed assets
A review for indicator5 of impairment is carried out at each reporting date, with the recoverable
amount being estimated where such indicators exist. Where the carrying value exceeds the
recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for
possible reversal at each reporting date.
For the purposes of impairment testing, when li is not possible to estimate the recoverable
amount of an individual asset, an estimate is made of the recoverable amount of the
cash-generating unit to which the asset belongs. The cash-generating unit is the smallest
identifiable group of assets that includes the asset and generates cash inflows that largely
independent of the Gash inflows from other assets or groups of assels.
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the
acquisition date, allocated to each of the cash-generating units that are expected to benefit from
the synergies of the combination. irrespective of whether other assets or liabilities of the charity
are assigned to those units.
Govemment grants
Government grants are recognised at the fair value of the asset received or receivable. Grants
are not recognised until there is reasonable assurance that the charity will comply with the
conditions attaching to them and the grants will be received.
15

Talmud Torah Education Limited
Company Limited by Guarantee
Notes to the Financial Statements (cortlnued)
Year ended 31 March 2024
Accounting policies (conlinuod)
Government grants (continued)
Where th8 grant do8s not impose specified future perfonnance-related conditions on the
recipient, it is recognised in income when the grant proceeds are receiv8d or receivable. Where
the grant does impose specified future performance-related conditions on the recipient, it is
recognised in incom8 only when the performan¢e-related conditions have been met. Where
grants received are prior to satisfying the revenue recognition criteria, they are recognised as a
Financial Instruments
A financial asset or a financial liability is recognised only when the charity becomes a paty to the
contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including
any related transaction costs.
Current assets and current liabilities are subsequently measured at the cash or other
consideration expected to be paid or received and not discounted.
Debt instruments are Subsequently measured at amortlS8d cost.
Where investments in shares are publicly traded or their fair value can otherwise be measured
reliably, the investment is subsequently measured at fair value with changes in fair value
recognised in income and expenditure. All other such investments are subsequently measured at
cost less impairment.
Other financial instruments, including derivatives. are initially recognisad at fair value, unless
payment for an asset is deferred beyond nonnal business terms or financed at 8 rate of interest
that is not a market rate, in which case the asset is measured at the present value of the future
payments discounted al a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value, with any changes
recognised in the statement of financial activities, with the exception of hedging instruments in a
designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence
of impairment at the end of each reporting date. If there is objective evidence of impairment, an
impairment loss is recognised under the appropriate heading in the statement of financial
activities in which the initial gain was recognised.
For 811 equity instruments regardless of signrficance, and other financial assets that are
individually significant, these are assessed individually for impairment. other financial assets are
either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairm8nt ar8 reccgnised immediately, to the extent that the reversal does not
result in a carrying amount of the financial asset that exceeds what the carrying amount would
have been had the impairment not previously been recognised.
16

Talmud Torah Education Limited
Company Llmlted by Guarante8
Notes to the Financial Statements (¢onllnued)
Year ended 31 March 2024
Limlted by guarantee
Talmud Torah Education Limited is a company limited by guarantee and accordingly does not
have a share capital.
Every member of the company undertakes to contribute such amount as may be required. not
exceeding £1, to the assets of the charitable company in the event of it being wound up while he
or she is a member, or within one year after he or she ceases to be a member.
Donations and legacies
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Donations
Donations
After-school child care
704,827
2,063,808
704, 827
2,063,808
603,547
2,043,289
603,547
2,043,289
Grants
Government grant income
496.018
496,018
2,768,635
2,768,635
3,142,854
3,142,854
Investment income
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Bank interest receivable
13
Other income
Unrestrided Total Funds Unrestrict8d Total Funds
Funds
2024
Funds
2023
Other income
433,068
433,068
411,172
411,172
Costs of other trading activities
Unrestri¢ted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Costs of other trading 8Ctivities
91,465
91,465
97,386
97,386
17

Talmud Torah Education Limited
Company Limited by Guarantee
Notes to the Flnancial Statements (conlinugdj
Year ended 31 March 2024
Expenditure on charitable activities by fund type
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Charitable activities
Support costs
2,236.558
943,081
2,236,558
943,081
2.427,003
1,037,343
3,464,346
2,427,003
1.037,343
3,464.346
3,179,639
3.179.639
10. Expenditure on charitable activities by activity type
Activities
undertaken
directly
Support Total funds
costs
2024
Total fund
2023
Charitable activities
Governance costs
2,236,558
932,581
10,500
3,169,139
10,500
3,456,846
7,500
3,464,346
2,236.558
943,081
3,179.639
11. Analysis of support Costs
Analysis of
support costs
activity Total 2024
Total 2023
Staff costs
919,046
919,046
1,029,843
12. Net expenditure
Net expenditure 15 Stated after chargingl(cr8diting)'.
2024
2023
Depreciation of tangible fixed assets
Operating lease renlals
101,247
82.366
1.148
13. Auditors remuneration
2024
2023
Fees payable for the audit of the financial statements
10,500
7,500
18

Talmud Torah Education Limited
Company Limited by Guarantee
Notes to the Financial Statements (tontlnuedj
Year ended 31 March 2024
14. Staff costs
The total staff costs and employee benefits for the reporting period are analysed as follows..
2024
2023
Wages and salaries
Social security costs
919,046
13,535
932.581
1,029,843
13,776
1,043,619
The average head count of employees during the year was 85 {2023.' 112). The average number
of full-time equivalent employees during the year is analysed as follows..
2024
No.
2023
Number of staff - Administration
85
112
No employee received employee benefrts of more than £60,000 during the year (2023.. Nil).
15. Trustee remuneration and expenses
There were no trustees, remuneration or other benefrts for the year ended 31 March 2023.
Th8re were no trust8es' expenses paid for the year ended 31 March 2023.
16. Tangible fixed assets
Plant and Fixtures and
machinery
fittings
Motor
vehicles Equipment
Tolal
Cost
At 1 April 2023
Additions
122,408
9,235
915.401
109.618
40,953
30,132 1,108,894
118,853
At 31 March 2024
131,643 1.025,019
40,953
30,132 1,227.747
Depreciation
At 1 April 2023
Charge for the year
At 31 March 2024
95,349
5,445
421,637
90,507
34,267
1,671
19,259
3,624
570,512
101,247
100,794
512,144
35,938
22,883
671,759
Carrying amount
At 31 March 2024
30,849
512,875
493,764
5,015
6,686
7,249
555,988
At 31 March 2023
27,059
10.873
538,382
17. Debtors
2024
2023
Loans
1,900
19

Talmud Torah Education Limited
Company Limited by Guarantee
Notes to the Financial Statements (¢ontlnue(lJ
Year ended 31 March 2024
18. Creditors: amounts falling due within one year
2024
2023
Trade creditors
Accruals and deferred income
Social security and other tsxes
Loans
Other Creditors
148,541
10,500
2,739
11,179
6,172
79.760
7.500
1,848
13.379
179,131
103,333
19. Government grants
The amounts recogni5ed in the financial statements for government grants are as follows..
2024
2023
Recognised in income from donations and legacies:
Government grants income
496,018
20. Analysis of charitable funds
Unrestricted funds
At
31 March 20
At
1 April 2023
Income Expenditure
General funds
478.333
3,201,716 (3,271,104)
408,945
At
31 March 20
23
At
1 April 2022
Income Expenditure
General funds
486,039
3,554,026 (3,561,732)
478,333
20

Talmud Torah Education Limited
Company Limited by Guarantee
Notes to the Financial Statements (conllnued)
Year ended 31 March 2024
21. Analysis of net assets between funds
Unrestricted Total Funds
Funds
2024
Tangible fixed assets
Current assets
Creditors less than 1 year
Net assets
555,988
32,088
{179.1311
408,945
555,988
32.088
{179.131)
408,945
Unrestricted Total Funds
Funds
2023
Tangible fixed assets
Current assets
Creditors less than 1 year
Net assets
538,382
43.284
(103,333>
478.333
538,382
43,284
(103,333)
478,333
22. Analysis of changes in net debt
At
At 1 Apr 2023 Cash flows 31 Mar 2024
Cash at bank and in hand
41,384
(9,296)
32,088
23. Related parties
There were no related party transactions for the year ended 31 March 2023.
21