COMPANY REGISTRATION NUMBER.. 02884621 CHARITY REGISTRATION NUMBER: 1039036 Forty Limited Company Limited by Guarantee Financial Statements 31 August 2025 Forty Limited Company Limited by Guarantee Financial Stalements Year ended 31 August 2025 Page Trustees. annual report {incorporating the directorfs report) Independent auditoffs report to the members Statement of financial activities (including income and expenditure account) Statement of financial position Statement of cash flows 10 11 Notes to the financial statements 12 Forty Limited Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) Year ended 31 August 2025 The IrusteÉs, who are also the directors for the purposes of company law, present their report and the financial stslemenls of the charity for the year ended 31 August 2025 Reference and adminlstratlve details Registered charity name Charity registration number Company registration number Principal office and rggistered 103 High Street office Waltham Cross Foriy Limiled 1039036 02884621 EN8 7AN England The truslees Mr A. Schechler Mr R. Spitser Mr J. Glut (Resigned 2 July 20251 (Resigned 2 July 20251 (Aptw)inbJ 15 September 20251 Mrs H. Gluck Mr Goldstein Company secretary Auditor Avrohom Schechter Brindley Goldstein Limited Chartered accountsnts & ststutory audttor 103 High street Waltham Cross EN8 7AN Structure. govemance and management Governing docurnent The charity is a company limited by guarantee and accordingly does not have share capital. The charity is governed by ils Memorandum and Articles of Assoryalion dat￿1 5th Fd)ruary 1994. Every member of the company undertakes to contribLrte such an amount as may be required not ex￿edIng £1 to the assets of the charitable company in the event of ils being wound up while he or she is a member, or within one year after he or she ceases lo be a member. The trustees, who, aside from Mr Avrohom Schechtw . are a&0 the directors for Ihe purFM)se of company law, and who seryed during the year and up to the dale of signalure of the financial statements were- Mr Richard Spilzer Mr Jacob Gluck Mrs Hanna Gluck Mr Avrohorn Schechter All decisions made on behalf of the charity are made by the trustees. The trustees are responsible lor Ihe provision ol means to distribule chariiable donations to worthy causes. The company's curTenl policy concerning the payment of trade creditors is to follow the CBI'S Prompt Payers Code Ic(4)ies are available from the CBI. Centre Point. 103 New Oxford Street, London WC1A 1 DU}. The companys current policy conceming the payment of trade creditors is to=. settle the temis of payment with suppliers when agreeing the terms of each transaction-. ensure that suppliers are made aware of the terms of payment by inclLJsion of the relevant terms in contracts., and . pay in 2C(x)rd2nce wth the company's eontfdctual and other legal Ob￿gations. The charity owns property which is currenuy being used by another charity whose activity is the running of a creche, nursery, junior an¢J secondary schools and a charty that provides after school clubs & holiday play schemes. The charity lets out ils property lo a connected charity. Bels Chinuch Lebonos Limited and also Kids N Action. Youth On the Move is also a connected charity which provides extra curriculum for children. Details of transactions with related parb.es are disclosed in the rK)les to kne financial statements. Objectives and activities The Charity s objects are the advan￿Ment of religion and education in accordan￿ with Ihe orthodox Jewish faith, the relief of poverty and such other charitable objectives re￿niSed by English law. The trustees have paid due regard lo guidan￿ issued by the Charity Commission in deciding what aclivities the charity should undertake. The charity receives rental income and donalions and makes grants to other charities. Strategic report The following sections for athievements and performance and finaniial review fomi the strategic report of the charity Achievements and perfomiance The property is used by an associaled charitable company as a sc￿001, C￿Che and nursery and a charity that provides after school clubs & holiday play schemes. for the (rthodox Jewish wmmunty. Rents are paid at a level as agreed belween the two charities. The truslees of the charity confimi that Ihey have considered the Charity Commission's general guidance orb public benefit and the requirements of Secbon 4 of the Charrties Act 2011 in this are. Flnanelal rèview The trustees are satisfied wth the results for the year and anticipale the level of activtlies lo continue to increase year or) year. The fund balance at the year end is £10.699,169. This is currently being used in Ihe expansion of Ihe building. The level of fundratsing must continue if the- -harity is lo continue with ils plans for the future. The trustees ensure that the charity has SUff￿1ent reseryes available to cover anticipated outgoings. In addition the trustees have received undertakings from local SUPPKrters to cover any deficit if such should arise. The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in pla￿ lo miligale exposure to major risks. Plans for future periods FUTURE PLANS To continue building addilional classr¢x)ms and areas to meel the grcwing demands of the school and creche and to maintain and develop the existing building to a very high standard lo ensure compliance with any regulatory reqLJiremenl. Trustees. ￿SPOnsibl11t•es statement The trustees, who are also directors for the purwjses of cornpany law. are responsib￿ for preparing the trustees, report and the financial statements in accordance wth applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Acu)unting Practi￿1. Company law requires the charity trustees to prepare financial state￿ents for each year which give a true and lair view of the state ol affairs of the charitable company and Ihe incoming resources and application of resour￿$. inGluding the incorne and expenditure, fDr that period. In preparirbg these financial statements, the trustees are required lo= select suitsble accounting policies and then apply congslenlly.. - observe the methods and principles in the applicable Chartties SORP- make judgments and accounting estimates that are reasonable and pnJdent- stale whether applicable UK Accounling Standards have been followed, subject lo any material departures disclosed and explained in the financial 5tatements'. prepare the financial statements on the going concem basis unless it is inappropriate to presume that the charity will continue in business. The trustees are regponsible for keeping adèquate accounting records that are sufficient lo show and explain the charity's tr8nsactions and disclose with reasonable accuracy at any lime the financial position of the charity and enable them lo ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and herce for laknng reasonable steps for the prever)lion and deleclion ol fraud and other irregularities. Auditor Each of the persons who is a trustee al the date of approval of this report confirms that: so far as they are aware, there Is no relevant audit 1nfomiab.on of which the charil￿S auditor is unaware., and Ihey have taken all steps Ihal they ought to have taken as a trustee lo make themselves aware of any relevant audit infomiation and lo establish that the charivs audttor is aware of that infomation. The trustees, annual report and the strategic report were approved on 21 May 2026 and signed on behalf of the board of trustees by.. Mr A. Schetthler Trustee Forty Limited Company Limited by Guarantee Independent Auditor's Report to the Members of Forty Limited Year ended 31 August 2025 Opinion We have audited the financial slatements of Forty Limited Ilhe 'charity'l for the year ended 31 August 2025 which comprise the slalement of financial activities (induding income and expenditure acctsuntl, statement of financial position, ststemenl of cash fflows and the related notes, induding a summary of significant accounting policies_ The rinancial reporting framework th81 has been 2pplied in their preparation Is applicable 18w and United Kingdom Accounting Standards, including FRS 102 The Finartial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounling Practice}. In our opinion the financial ststemenls_' _ give a true and fair view of the slate of the charity's affairs as al 31 August 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 Uniled Kingdom Generally A￿pIed Accounting Practice- have been prepared in accordance with the requirement5 of the Companie5 Act 2006. Basis for opinion We cOndu￿ed our audit in accordance with Intemalional Standards on Auditing IUKI IISAS (UKII and applicable law. Our responsibilities under those standards are further described in the audilorfs resF)onsibilib"es for the audil of the financial slalements section of our repcwt. We are independent of Ihe charity in accordance wilh the ethical requirements that are relevant lo our audit of the Inanci21 statements in the UK, Including the FRC'S Ethical Standard, and we have fulfilled our ather eth￿1 resF)onsibilities in accordan￿ with these requiremen15. We believe that the audit evidence we have obtained is sufficient and appropnate lo provide a basis for our opinion. Conclusions relating to going concern In auditing the financial statements. we have concluded Ikat the trustees, use of the going concerrb basis of accounting in Ihe prepamlion of Ihe finanaal slalements is appropriate. Based on the work we have performed: we have not ident(Fied any rnaterial uncertainties relating to events or conditions that, individually or collectively. may cast significant doubl on the charity's ability to continue as a going concern for a period of al least twelve months from when the finanual ?tatemer)ts are authorised for issue. Our responsibilities 2nd the responsibilities of Ihe trustees with respect to going concern are described in the relevant sections of this report. Other information The other information comprises the infomiation incfuded in ihe annual report, olher than the financial statements and our auditor's report Ihereon. The trustees are responsible for Ihe other infomialion. Our opinior) on the financial statements does nal cover the other information and. except to the exlent otherwise expliciuy Stated in our report, we do not express any fom of assurance conclusion thereon. In connection with our audit of the financial stslemenls. our responsibility Is to read the other infomiation 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 lo be materially misstated. If we idenlify such material inconsistencies or apparent material misststements, we are required lo determine whether Ihere is a material misstatement in the financial statements or a material misstatement of the olher Informab"on. 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. OpNnion¥ on other matters prescribed by the Companies Act 2006 In our opinion, based on the work underlaken in the ￿urse of the audit- the information given in the trustees, report for the financial year for which the financial ststements are prepared is consislenl with the financial statements,. and - the trustees. report has been prepared in accordance wth applicable legal requiremenls. Matters on which WÈ are required to report by exception In the light of the knowledge and understa￿lIng of Ihe charity and its environment obtained in the course of the audit, we have not idenlified material misstatèments in the trustees. report. We have nothing lo report in respect of the following mattets in relation lo which the Companies Act 2006 requires us to report to you if, in our opinion.. adequate accounting rècords havè not been kept. or retums adequate for our audit have not been received from branches not visited by us", or - the financial stalemenls are nol in agreement wilh the accounling records and relums,. or- ￿rtain disclosures of trustees, remuneration specified by law are not rnade. or - we have not received all the information and explanations we require for our audit. Responsibilitie3 of truste As explained more fully In the trustees. restx)nsibilities statement. the trustees (who are also the directors for the purposes ol company lawl are responsible for the preparation of the financial statements and for being satisfied that they give 2 true and fair view: and for such intemal contrd as the trustees determine is necessary lo enable the preparation of fillancial slalements that are free from material misstatement. whether due to fraud or error. I preparing the firbancial slalements, the trustees are responsible for assessing the charity's ability lo conts'nue as a going concern, disc105ing. as appli(xble. matters related to going con￿rn and using the goirig concem basis of accounting unless the trustees either intend to liquidate the charity or to ￿ase operalioris. Dr have no realistic altemative but to do so. Auditorfs responsibilities for the audit of the financial statements Our objectives are lo obtain reasonable assurance about whether the financial statements as a whole are free from material misstalernenl, whether due to frdud or err(Y. and to issue an audilor'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 IUKI will always detect a material misstatement when il 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 b8sis of these fi'nancial slalements. Irregularities. including fraud, are instances of nonlompliance with laws and regulations. We design procedures in line with our responsibilities, outlined above. to detect material misstalemenls in respect of irregularities. including fraud_ The extent to which our procedures are capable of detecth.ng irrewlarities. including fraud is detailed below.. Identifying and testing journal entries and the overall accountins records. particularfy those that were significant and unusual. Reviewing Ihe financial statement disclosures and determining whether accounting p)licies have been appropriately applied. Assessing the extent of compliance. (x lack of. with relevant laws and regulab'ons. Testing key revenue lines, lor evidence of management bias. Verification of key assets. Obtaining Ihird-party confimialion of malerlal balances. Documentlng an¢J verifying all significart relate¢ party tjalances and transactions, Revlewlng doeumenlation such as the eompany board minutes. ￿)rresPOndenCe with solieitors, for discussions of Ir￿guI￿rItieS including fraud_ As part of an audit in accordance with ISAS {UKI. we exercise professional judgment and maintain professional sceplicism throughout the audit We als0= . Idenbfy and assess the risks of material misstalemenl of the finaNci81 statements. whether due to fraud or errJr, design 2nd perform audit procedures responsive to those risks, and obtain audit evidence that is suffioent and appropnate to piovide a basis foi our opinion. The risk of not delecling a material misslalement resulting from fraud is higher thar) for one resulling from error. as fraud rnay involve collusion. forgery. intentional omisslc￿s. misrapresentations. or the override of internal control. Obtain an understanding of inlemal control relevant lo the audit in order lo design audit procedures that are appropriate in Ihe Circumstances. but not for the purpose of expressing an opinion on the efiecliveness of the internal control. Evaluate the appropriateness of accounting policies used and the reasonaileness 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 Gondi11011s that may cast signtfiGant doubt an the Gharilrfs ability to continue as a going COnGern. If we conclude that a material uncertainty exists, we are required lo draw attention In our auditor's report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify OLJr opinion. Our conclusions are based on audit evidence obtained up lo the dale of our auditor's ￿pOrt. However, future events or conditions may cause the charity to cease lo continue as a going COn￿rn. Evaluate the overall presentation, structure and content of the fillan￿al statements. including the disclosures. and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. We communicate with those charged with govemance regarding. among other matters. the planned scope and timing of the audit and significant audit findings. induding any signfficant deficiencies in intemal control that we idelllify durin9 our audit. Use ofour report This report is made solely to the charitys members, as a body. in accordance with Chapter 3 of Part 16 of the Companies Acl 2006. Our audit work has been undertaken so that we might state to the charity's members those matters we are required lo state lo them in an aucilor's report and for no other purpose. To the fullest extent permitted by law, we do nol a¢￿p1 or assume responsibilrty lo anyone other than the charrty and the charity's members as a body, for our audit wrxk. for this rewrt. or for the opinions we have fom)ed. C. H. Goldstein FCA {Senior Statutory Auditor) For and on behalf of Brindley Goldslein Limited Chartered accountants & statutory auditor 103 High street Waltham Cross EN8 7AN 21 May 2026 Forty Limited Company Limited by Guarantee Staternent of Financial Activities {Includlng Income and expenditure account) Year ended 31 August 2025 2025 2024 Unreslricted funds Total funds Total funds Note Income and endowments Donations and legacies other trading activities 496.480 806.348 496.480 806.348 786,T35 910,100 Total income 1.302.828 1.302.828 1.696,835 Expenditure Expenditure on raising funds: Costs of other trading activities Expenditure on charitable activities 12,776 1,372.302 12,776 1.372.302 44.124 1.686,503 Total expenditure 1,385.078 1.385,078 1.730,627 Net gxpenditure and net rnovement in funds (82,2501 182,250) { 33,792) Reconciliation of funds Total funds brought forward 10,781.419 10.781,419 10,81 5,211 Total funds carried forward 10,699.169 10.699.169 10,781,419 The statement of financial acb"vities includes all gains arKI105ses re￿gnised in the year. All income and expenditure derive from continuing ac".ivities. Forty Limited Company Limited by Guarantee Staternent of Financial Position 31 August 2025 2025 2024 Note Flxed assets Tangible fixed assets Investments 12 9,015 5.780 13 11.655,371 11,655,371 11,664,386 11,S61,151 Current a55ets Debtors Cash at bank and in hand 14 250,000 430 4CH),930 543 250,430 170,463 401,473 183,711 Creditor5- amount5 falling due wilhin one year 15 Net current assets 79,9fj7 217,762 Total assets less Current liabilitie5 11.744,353 11,878,913 1.045,184 1,D97,494 Creditor5= amount5 falling due after more Ihan one year 16 Net assets 10.699,169 10,781.419 Funds oflhe charity Unrestrieled funds= Revaluation reseTve 5.916.489 4,782.680 5.916.489 4,864,930 Other unreslricled income tunds Totsl unrestricted funds 10,699.169 10,781.419 Total charity funds 17 10,699.169 10,781.419 These financial slalemenls were approved by the board of trustees and aulhorised for issue on 21 May 2026 , and are signed on behalf of the board by.. Mr A. Schechler Trustee Forty Limited Company Limited by Guarantee Staternent of Cash Flows Year ended 31 August 2025 2025 2024 Cash flows from operatlng actlvllies Nel expenditure Adjuslmenls for.. Depreciation of tangible fixed assets Interest payable and similar charges GhaAJges in.. Trade and other debtors 182,250) {33,7921 779 642 93,165 105.124 150,930 { 16,301) 54,270 2,369 Trade ané other creditors Cash generated frotn operations Interest paid 146,323 128,613 (93.165) 1105.1241 Nel cash from operating aclNlties 53,158 23,489 Cash flow$ from investing artivities Purchase of tangible assets (4,014) 16,4221 Nel cash used in investing activities 14,0141 16,4221 Cash flows from financlng acllvltles Proceeds from borrowings { 49,2571 131,4191 Nel cash used in financing activities { 49.257 131,4191 Net decrease in cash and cash equivalents Ca$h and ra$h equivalents al beginning of year { 1131 { 14,3521 14,895 Cash and cash equlvalents at end of year 430 543 Forty Limited Company Limited by Guarantee Notes to the Financial Statements Year ended 31 August 2025 1. General infomiation The charity is a public benefit entity and a private company limiled by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is 103 High Street. Waltham Cross, EN8 7AN. England_ 2. Statement of compllanc• These financial slalements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireknd.. the Statemenl of Recommended Practice applicable to charities preparing their accounts in accordance with Ihe Financial Reporting Standard applicaLle in the UK and Republic of Iroland IFRS 1021 (Charities SORP {FRS 102)) and the Companies Act 2W6. 3. Accounting policies Basis of preparation The finar)cial slalements have been prepared on the hislorical cost basis, as modified by the revaluation of cerlain financial assets and liabilitie5 and investment properb.es measured at fair value Ihrough Income or expenditure. The financial statements are prepared in sterting, which Is the functional cUrre￿Y of the entity. Going concern There are no material uncertainties about the chanty's ability tr) continue. Judgements and key sources of estimation uncertainty The preparation of the financial ststements requires management to make judgements. estimates and assumptions that affect the amounts fftported for assets arbd liabilbties as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the natu￿ of estimation means that actual outcomes could differ from those estimates_ Fund accountlng Unrestricted funds are avaiL4ble for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unreslricted funds earmarked by Ihe truslees for particular fulure project or commilmenl. Restricted funds are subjected lo restrictions on their expenditure dec'ared by the donor or through the terms of an appeal. and fall inlo one of two sub-classes. restricted income funds or endowrnent funds_ Incoming resources All incoming resources are included in the ststemeit of financial activities when entitlement has passed lo the charity.. it is probable that the economic benefits associated with the transaction will flow to the charity and Ihe arrK)unl can be reliably measured. The following specific poI￿leS are applied to partiCLJlar categories of income.. income from donations or grants is recognised when there is evidence of entitlement to the gift. receipt is probable and ils amount can be measured reliably. legacy income is recognised when receipt Is probable and entitlement is established. income from donated goods is measu.ed al the fair vaue of the goods unless this is impractical to measure reliably, in which case the value is derived from tTre cost lo Ihe donor or the estimated resale value. Donated facilities and ServI￿S are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contributs.on of general vclunteers. Income from contracts for the supply of services is recognised with Ihe delivery of the contracted service. This is classified as unrestricted funds unless th￿e is a conlraclual requiremenl lor il lo be spent on a particular purpose and returned if unsFEnl, in which case il may be regarded as restricted. Resources expended Expenditure is recognised on an accruals basis as a liabiliry is incurred. Expenditure includes any VAT which cannot be fully recovered. and is da55rfied under heajings of the statement of financial activities to which il relates.. expenditure on raising funds indudes Ihe cosls of all fundraising activities, events. non-charilable trading activities, and the sale of donated goods. expenditure on charitaLle aetivilies includes all costs incurred by a charity in undertaking activilies that ftjrther It5 charitable aims for the benefit of ils beneficiaries, including those support costs and costs relating lo the governance of the charity apportioned lo charitable activities. other Èxpenditure includes 211 Èxpenditure that is neither related to raising funds ft)r the charity nor part of ils èxpenditLJrÈ on charitable acb'vities. All costs are allocated to expenditure categories refects'ng the use of Ihe resource. Direct costs attributable lo a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute lo on a reasornable. juslifiable and consislenl basis. Tangible assets Tangible asseis are initially recorded al cosL and subsequenuy staled at cost less any accumulated depreciation and impairmenl losses. Any tsngible 8ssels -tsrried at revalued amounts are recorded at the fair value al the date of revaluation less any subsequent accumulated depre¢ialion and subsequent accumulaled impairment losses. An increase in the carying amount of an asset as a result of a revaluation, is recogr)ised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within Ihe stslement of financial activities_ A decrease in the carrying amourl of an asset as a resull of revaluation, is reo)gnised in other recognised gains and losses. except to ￿lch it offsets any previous revaluation gain, in which case the loss is shown wilhin other recognised gains and losses on Ihe stalement of financial activities. Depreciation Depreciati￿ is calculated so as lo write off the cosl or valuation of an asset. less its residual value, over the usèful economic life of that asset as follows.. Planl and machinery Investments 10% ￿d￿cing balance Unlisted equity investments are inityally recorded al cost. and subsequenlly measured al fair value_ If fair value cannot be reliably rveasured. assets are measured at cost less impairment. Listed investments are measured at fair value with changes in fair value being recognised in Income or expenditure. Investment property Investment property is initlally recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued lo its fair value at each reporting date and any changes in fair value are recognised ill income or expenditure. If a reliable measure of fair valLJe is no longer available without undue cost or effort lor an item of inveslmenl property. il shall be transferred lo iangible assets and Ireated as such until il is expected that fair valJe wll be reliably measurable on an on-going basis. Impairnient of fixed assets A review for indicators of impaimient is carrie¢J out at each reporting date. with the recoverable amount being eskn"maled where such indicators exist. Where the (zrrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairrnents are also reviewed for possible reversal at each retK)rting date. For the purposes of impairment lesling, when it is not possible to esb'mate the ￿coVerable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The ca$h-generating unit is the smallest Identiffiable 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 combinalion is, from the acquisition dale. al10(21ed to each of the Gash-generating uNits that are expected lo benefft fr?m the synergie5 of the Gotnbinalion, irrespeGlive of whether other assets or liabilities of the charty are assoned to those units. 4. Limited by guarantee The company is limited by guarantee and has no share capital. Every member of the company undertakes to contribute lo the assets of the company, in Ihe eve1t ol a winding up, such an amtxjnl as may be reqLJired not ex￿eding £1. 5. Donations and legacies unrestn.cted Funds Total Funds Unreslricled Funds Total Funds 2024 2025 Donations Donations 484.980 484,980 773,4B5 773,485 Grants Granis 11.500 11.500 13.250 13,250 496.480 496.480 786,735 786,735 6. Other trading activities Unreslricted Total Funds Funds 2025 Unrestricted Funds Total Funds 2024 Rental income 806,348 806.348 910.100 910,100 7. Costs ol othor trading activities Unrestrrled Funds Total Funds 2025 Unrestricted Funds Total Funds 2024 Costs of other trading activilies- Other activity 1 12.776 12.776 44,124 44.124 8. Expenditure on charitable artivitie¥ by lund type Unrestricted Total Funds Funds 2025 Unrestricted Funds Total Funds 2024 Activily type 1 Aclivily type 2 Aclivily type 3 Activity type 4 Support costs 571,091 791.942 571.091 791.942 639,453 1,027.445 325 639,453 1.027.445 325 11.000 8,280 11,000 8,280 8,281 8.281 1.372,302 1.372.302 1.686.$03 1.686.503 9. Expenditurè on charitable activities by activity type Aciivities undertaken direcdy Support costs Totsl funds 2025 Tol81 fund 2024 Adivty type 1 Activity type 2 Activrty type 3 Activrty type 4 Governance costs 571.091 571,091 791.942 988 639,453 1.027,445 325 791.942 11.000 8,280 8,281 8.281 1.364,021 8.281 1,372,302 1.686,503 10. Auditors remuneration 2025 2024 Fees payable for the audit d the financial staiemenls 8.280 8.280 11. Trustee remuneration and expenses The￿ were no trustees. remuneration or other benefits for the year ended 31 August 2025. 12. Tangible fixed assets Plant and maehinery Cost At 1 September 2024 Additions 6,422 4,014 At 31 August 2025 10,436 Depreciation At 1 September 2024 Charge for the year 642 779 At 31 August 2025 1.421 Carrylng amount At 31 August 2025 9,015 At 31 August 2024 5.780 13. Investments knvestrnent properties C05t or valuation At 1 September 2024 and 31 August 2025 11.655,371 lrnpairrnent At 1 September 2024 and 31 August 2025 Carrying amount At 31 August 2025 11.655,371 At 31 August 2024 11.655,371 All Investments shown above are hekl al valuatscm. Investment properties The charity's fixed asset investment is situated in the United ￿ngdOM. The valuation was perfomed by the trustees of the eharity whose basis was derived at from a previous valuation perfomied in 2018 by a qualified independent valuer. The value of the propety is detemined by the ￿￿181 yields which have not changed significantly since the v8lualion was performed., therefore, the trustees believe the valuation rernaills appropriate al the balance sheet date. 14. Debtors 2025 2024 Trade debtors 250.000 400.000 930 Amounts owed by connected company 250,000 400.930 15. Creditors: amounts falling due within one year 2025 2024 Bank loans and overdrafts 139.597 22,586 8,280 136.544 38.887 8.280 Trade creditors Accruals and deferred incorne 170.463 183.711 16. Creditors- amount5 falling due after more than one year 2025 2024 Bank loans and overdrafts 1,045,184 1,097.494 17. Analysis of charitable funds Unrestricted funds At 1 September 2024 At 31 August 2025 Income Expenditure General funds 4.864.930 5.916.489 1.302,828 (1.385,0781 4,782.680 5,916,489 Revaluation reserve 10.781.419 1.302,828 11.385,0781 10,699.169 At 1 September 2023 Al 31 Augusl 2024 Income Expenditure General funds 4,898,722 5.916.489 1,696,835 {1,730,627) 4.864,930 5.916,489 Revaluation reserve 10.815.211 1.696.835 {1,73D.627} 10,781,419 18. Analysis of net assets between fund5 Unrestricted Total Funds Funds 2025 Tangible fixed assets Current assets 11,664,386 11,664,386 250.430 250,430 (170.4631 1170,463) (1,045.1841 {1.045,184} Creditors less Ihan 1 year Creditors greater than 1 year Net assets 10.699,169 10.699,169 Unre8tricled Funus Total Fund8 2024 Tangible fixed assets Current assets 11.661,151 11.661.151 401.473 401,473 1183,7111 {1B3,7111 {1,097.4941 11,097,494) Credrtors less than 1 year Creditors greater than 1 year Net assets 10,781,419 10,781.419 19. Analysis of Changes in net debt At 31 Aug 2025 At 1 Sep 2024 Cash Ilows Cash at bank and in hand Debt due within OT)e year Debt due after one year 543 1113) 430 (3,053) (139,597) 52.310 11,045,184> 1136.544} (1.097.494) (1,233,495) 49,144 11,184,351) 20. Related parties The charity lease5 its propety lo Bels Chinuth Lebon05 Limited a connected charity During the year FDrty Limrted re￿IVedrenIal incomeof£806,348{2024." £910.1001.. from Bels Chinuch Lebonos Limited. There were no other related paty transactions in the year. This document was deliN'ered usillg electronic communications and authenticated in accordance with the r¢gistrar'8 iulc% relating to clcctronic fomi, authcnticatior and manncr of dclivcry undcr gcction 1072 of the Compani¢s Act ?006.