COMPANY REGISTRATION NUMBER: 02766675
CHARITY REGISTRATION NUMBER: 1037631
Talmud Torah Education Limited
Company Limited by Guarantee
Financial Statements
31 March 2025
BRINDLEY GOLDSTEIN LIMITED
Chartered accountants & statutory auditor
103 High street
Waltham Cross
EN8 7AN

Talmud Torah Education Limited
Company Limited by Guarantee
Financial Statements
Year ended 31 March 2025
Trustees' annual report (incorporating the director's report)
Independent auditor's report to the members
Statement of financial activities (including income and
expenditure account)
Statement of financial position
Statement of cash flows
Notes to the financial statements
Page
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Talmud Torah Education Limited
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report)
Year ended 31 March 2025
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 2025.
Reference and administrative details
Registered charity name
Talmud Torah Education Limited
Charity registration number
1037631
Company registration number
02766675
Principal office and registered Yetev Lev Boys School
office
111-115 Cazenove Road
London
N16 6AX
The trustees
Auditor
B. Berger
S. Cik
A. Frankel
Brindley Goldstein Limited
Chartered accountants & statutory auditor
103 High street
Waltham Cross
EN8 7AN
Structure, governance and management
le charity is a company limited by guarantee and is governed by its Memorandum and Articles
ssociation dated 17 November 199
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 working of the
charity by the current board and are encouraged to read the Charity Commission's various
publications on trustees.
1

Talmud Torah Education Limited
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 March 2025
Objectives and activities
The company is established for charitable purposes, its objectives being to advance religion in
accordance with the Orthodox Jewish faith 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 provide 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
resources, 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 significantly
mprove their future opportunities. The charity's programs not only focus on academic excellence bu
also promote personal development and social skills. This comprehensive approach equips student
to contribute positively to society and helps break the cycle of disadvantage, offering long-term
benefits to both the children and their communities.
The following sections for achievements and performance and financial review form the strategic
report of the charity.
Achievements and performance
During the year the school continued to function to the satisfaction of the Trustees.
As part of their duties, the Trustees are constantly reviewing the level of services provided, and are
prepared to introduce any improvements that are deemed necessary.
We have continued our activities and programmes to benefit the students.
2

Talmud Torah Education Limited
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 March 2025
Financial review
The school operates on a no-fee basis, ensuring that no child is excluded from education due to
financial hardship. Our school is sustained through generous public donations and other fundraising
Reserves policy
The trustees ensure that the charity has sufficient reserves and pledge to cover minimum
commitments over at least the next two months.
Financial results
As required by the SORP, incoming resources and resources expended show Donations in kind which
represents an assessment of what the charity would incur if it were to pay a fair rent for the properties
it occupies.
Income has decreased to £3,047,419 during the year (2024: £3,201,716) and the charity reports a
surplus for the year of £41,658 (2024: Deficit £69,388). The trustees are confident in keeping within
budget and will continue to examine ways to increase income as well as achieve savings in costs. Our
School is sustained through generous public donations and additional income generated from its
activities. We rely on ongoing public donations, which allow us to maintain inclusivity and support
access to our services.
Trustees' 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 (United Kingdom Generally Accepted Accounting Practice).
Company law requires the charity trustees to prepare financial statements for each year 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 period.
In preparing these financial statements, the trustees are required to:
• select suitable accounting policies and then apply them consistently;
• observe the methods and principles in the applicable Charities 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.
3

Talmud Torah Education Limited
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 March 2025
The trustees are responsible for keeping adequate accounting records that are sufficient to show and
explain the charity's transactions and disclose with reasonable accuracy at any time the financial
position of the charity and enable them to ensure that the financial statements comply with th
Companies Act 2006. They are also responsible for safeguarding the assets of the charity and henc
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 information and to establish that the charity's auditor is aware of that
information.
The trustees' annual report and the strategic report were approved on 1 December 2025 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 2025
Opinion
We have audited the financial statements of Talmud Torah Education Limited (the 'charity') for the
year ended 31 March 2025 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 financial statements:
•give a true and fair view of the state of the charity's affairs as at 31 March 2025 and of its
incoming resources and application of resources, including its income 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
responsibilities for the audit of the financial 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 Standard, 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 appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees' use of the going concern
basis of accounting in the preparation of the financial statements is appropriate.
ased on the work we have performed, we have not identified any material uncertainties relating t
events or conditions that, individually or collectively, may cast significant doubt on the charity's abilit
to continue as a going concern for a period of at least twelve months from when the financia
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.
5

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 2025
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 statements does not cover the other information and, except to the extent
otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
n connection with our audit of the tinancial statements, our responsibility is to read the other
nformation and, in doing so, consider whether the other information is materially inconsistent with the
financial statements or our knowledge obtained in the audit or otherwise 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 statements or a
naterial misstatement of the other information. If, based on the work we have performed, we conclude
that there is a material 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 report 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 report to you if, in our opinion:
adequate accounting records have not been kept, or returns adequate for our audit have not
been received from branches not visited by us; or
the financial statements are not in agreement with the accounting records and returns; or
certain disclosures of trustees' remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit.
6

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 2025
Responsibilities 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 concern, disclosing, as applicable, matters related to going concern and using the
going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease
operations, or have no realistic alternative but to do so.
Auditor's responsibilities for the audit of the financial statements
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 (UK) will always detect a material misstatement when it
exists. Misstatements can arise from fraud or error and are considered material if, 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, outlined above, to detect material misstatements in respect
of irregularities, including fraud. The extent to which our procedures are capable of detecting
irregularities, including fraud is detailed below:
Identifying and testing journal entries and the overall accounting records, particularly those that were
significant and unusual.
Reviewing the financial statement disclosures and determining whether accounting policies have been
appropriately applied.
Assessing the extent 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 with solicitors, for
discussions of irregularities including fraud.
7

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 2025
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
raud or error, design and perform audit procedures responsive to those risks, and obtain audi
evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of no
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 purpose of expressing an
opinion on the effectiveness of the internal control.
Evaluate the appropriateness 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 audit evidence obtained, whether a material uncertainty exists related to
events or conditions that may cast significant doubt on the charity's ability to continue as a going
concern. 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 date of our auditor's report. However, future events or conditions may cause the charity
to cease to continue as a going concern.
Evaluate the overall presentation, structure and content 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 2025
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 identity during 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 state to them in an auditor's report and for no
other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to
anyone other than the charity and the charity's members as a body, for our audit work, for this report,
or for the opinions we have formed
C. H. Goldstein FCA (Senior Statutory Auditor)
For and on behalf of
Brindley Goldstein Limited
Chartered accountants & statutory auditor
103 High street
Waltham Cross
EN8 7AN
1 December 2025
9

Talmud Torah Education Limited
Company Limited by Guarantee
Statement of Financial Activities
(including income and expenditure account)
Year ended 31 March 2025
2025
Unrestricted
funds Total funds
Note
Income and endowments
Donations and legacies
Investment income
Other income
Total income
Expenditure
Expenditure on raising funds:
Costs of other trading activities
Expenditure on charitable activities
Total expenditure
7
2,612,186
435,233
3,047,419
63,715
2,942,046
3,005,761
Net income/(expenditure) and net movement in funds
41,658
Reconciliation of funds
Total funds brought forward
Total funds carried forward
408,945
450,603
2,612,186
435.233
3,047,419
63,715
2,942,046
3,005,761
41,658
408,945
450,603
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
2024
Total funds
2,768,635
13
433,068
3,201,716
91,465
3,179,639
3,271,104
(69,388)
478,333
408,945
The notes on pages 13 to 21 form part of these financial statements.
10

Talmud Torah Education Limited
Company Limited by Guarantee
Statement of Financial Position
31 March 2025
Fixed assets
Tangible fixed assets
Current assets
Cash at bank and in hand
Creditors: amounts falling due within one year
Net current liabilities
Total assets less current liabilities
Net assets
Funds of the charity
Unrestricted funds
Total charity funds
Note
16
17
19
2025
€
518,296
59,843
127,536
67,693
450,603
450,603
450,603
450,603
2024
555,988
32,088
179,131
147,043
408,945
408,945
408,945
408,945
These financial statements were approved by the board of trustees and authorised for issue on
December 2025, and are signed on behalf of the board by
lix
S. Cik
Trustee
The notes on pages 13 to 21 form part of these financial statements.
11

Talmud Torah Education Limited
Company Limited by Guarantee
Statement of Cash Flows
Year ended 31 March 2025
Cash flows from operating activities
Net income/(expenditure)
Adjustments for:
Depreciation of tangible fixed assets
Other interest receivable and similar income
Interest payable and similar charges
Accrued expenses
Changes in:
Trade and other debtors
Trade and other creditors
Cash generated from operations
Interest paid
Interest received
Net cash from operating activities
Cash flows from investing activities
Purchase of tangible assets
Net cash used in investing activities
Net increase/(decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year
2025
41,658
90,144
145.135
(61.,595)
225,341
(145,134)
80,207
(52,452)
(52,452)
27,755
32,088
59,843
The notes on pages 13 to 21 form part of these financial statements.
2024
(69,388)
101,247
(13)
6,124
3,000
1,900
72,79
115,668
(6,124)
13
109,557
(118,853)
(118,853)
(9,296)
41,384
32,088
12

Talmud Torah Education Limited
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 March 2025
1. General information
The charity 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 Yetev Lev Boys School, 111-115 Cazenove Road, London, N16 6AX.
2. 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.
3.
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 modified 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 to make judgements
estimates and assumptions that affect the 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 entity'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 2025
Accounting policies (continued)
Fund accounting
charity's purposes.
Unrestricted funds are available for use at the discretion of the trustees to further any of the
Designated funds are unrestricted funds earmarked by the trustees for particular future project or
commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or
through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or
endowment funds.
Incoming resources
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.
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
basis:
(i) costs that relate solely to one activity are allocated to that activity.
(i) 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 activity.
(il) costs that are common to all activities are categorised as support costs.
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.
14

Talmud Torah Education Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2025
3. Accounting policies (continued)
Tangible assets (continued)
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 impairment that has previously been
recognised as expenditure within the statement 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 shown 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 its residual
value, over the useful economic life of that asset as follows:
Plant and machinery
Fixtures and fittings
Motor vehicles
Computer Equipment
15% reducing balance
15% reducing balance
25% reducing balance
33% reducing balance
Impairment of fixed assets
A review for indicators 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 it 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 cash inflows from other assets or groups of assets.
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.
Financial instruments
A financial asset or a financial liability is recognised only when the charity becomes a party 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 amortised cost.
15

Talmud Torah Education Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2025
3. Accounting policies (continued)
Financial instruments (continued)
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 recognised at fair value, unless
payment for an asset is deferred beyond normal business terms or financed at a 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 at 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 all equity instruments regardless of significance, 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 impairment are recognised 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.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which
the related service is provided. Prepaid contributions are recognised as an asset to the extent
that the prepayment will lead to a reduction in future payments or a cash refund.
When contributions are not expected to be settled wholly within 12 months of the end of the
reporting date in which the employees render the related service, the liability is measured on a
discounted present value basis. The unwinding of the discount is recognised as an expense in
4.
Limited 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.
16

Talmud Torah Education Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2025
5. Donations and legacies
Donations
Donations and child care
6. Investment income
Unrestricted Total Funds Unrestricted Total Funds
Funds
€
2025
Funds
2024
2,612,186
2,612,186
2,768,635
2,768,635
Bank interest receivable
7. Other income
Unrestined Total Funds Unrestricted
Total Funds
Funds
Funds
2024
=
13
Unrestricted Total Funds
Unrestricted
Total Funds
Funds
2025
Funds
2024
€
435,233
435,233
433,068
433,068
Other income
Costs of other trading activities
Unrestricted Total Funds Unrestricted
Total Funds
Funds
2025
Funds
2024
63,715
€
63,715
91,465
91,465
Costs of other trading activities
9. Expenditure on charitable activities by fund type
Unrestricted Total Funds Unrestricted Total Funds
Funds
Funds
€
2024
Charitable activities
Support costs
€
2,040,692
901,354
2,942,046
2,040,692
901,354
2,942,046
2,250,093
2,250,093
929,546
929,546
3,179,639
3,179,639

Talmud Torah Education Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2025
10. Expenditure on charitable activities by activity type
Charitable activities
Governance costs
Activities
undertaken
directly
2040,692
2,040,692
Support Total funds
costs
890,854
10,500
901,354
2,931,546
10,500
2,942,046
Total fund
2024
3,169,139
10,500
3,179,639
11. Analysis of support costs
Analysis of
support costs
activity
890,854
Total 2025
€
890,854
Total 2024
919,046
Staff costs
12. Net income/(expenditure)
Net income/(expenditure) is stated after charging/(crediting):
Depreciation of tangible fixed assets
13. Auditors remuneration
2025
90,144
2024
101,247
2025
10,500
2024
10,500
Fees payable for the audit of the financial statements
14. Staff costs
The total staff costs and employee benefts for the reporting period are analysed as follows;
Wages and salaries
890,854
Social security costs
16,411
Employer contributions to pension plans
126
907,391
919,046
13,535
932,581
18

Talmud Torah Education Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2025
14. Staff costs (continued)
The average head count of employees during the year was 78 (2024: 85). The average number
of full-time equivalent employees during the year is analysed as follows:
2025
No.
Number of staff - Administration
78
2024
No.
85
No employee received employee benefits of more than £60,000 during the year (2024: Nil).
15. Trustee remuneration and expenses
There were no trustees' remuneration or other benefits for the year ended 31 March 2025.
There were no trustees' expenses paid for the year ended 31 March 2025.
16. Tangible fixed assets
Plant and Fixtures and
machinery
fittings
Motor
vehicles
Equipment
Total
Cost
At 1 April 2024
Additions
At 31 March 2025
Depreciation
At 1 April 2024
Charge for the year
At 31 March 2025
Carrying amount
At 31 March 2025
At 31 March 2024
131,643
1,025,019
22,683
29,769
154,326
1,054,788
40,953
30,132
40,953
1,227,747
52,452
1,280,199
100,794
6,404
107,198
512,144
79,652
591,796
47,128
30,849
462,992
512,875
35,938
1,672
37,610
3,343
5,015
30,132
22,883
2,416
25,299
4,833
7.249
671,759
90,144
761,903
518,296
555,988
17. Creditors: amounts falling due within one year
Trade creditors
Accruals and deferred income
Social security and other taxes
Loans
Other creditors
2025
102,807
10,500
2,625
3425
127,536
2024
148,541
10,500
2,739
11,179
6,172
179,131
19

Talmud Torah Education Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2025
18. Pensions and other post retirement benefits
Defined contribution plans
The amount recognised
in income
or expenditure as
an expense in relation to defined
contribution plans was £126 (2024: £Nil).
19. Analysis of charitable funds
Unrestricted funds
General funds
1 April 2024
408.945
At
1 April 2023
476,333
At
Income Expenditure
31 March 20
3,047,419
(3,005,761)
450,603
At
31 March 20
Income Expenditure
24
3.201.,716
(3271,104)
408,945
General funds
20. Analysis of net assets between funds
Tangible fixed assets
Current assets
Creditors less than 1 year
Net assets
Tangible fixed assets
Current assets
Creditors less than 1 year
Net assets
21. Analysis of changes in net debt
Unrestricted Total Funds
Funds
2025
518,296
518,296
59,843
59,843
(127,536)
(127,536)
450,603
450,603
Unrestricted
Total Funds
Funds
2024
555,988
555,988
32,088
32,088
(179,131)
(179,131)
408,945
408,945
Cash at bank and in hand
At 1 Apr 2024 Cashflows 31 Mar 2025
32,088
27,755
59,843

Talmud Torah Education Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2025
22. Related parties
There were no related party transactions for the year ended 31 March 2025.
21