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2025-08-31-accounts

REGISTERED CHARITY NUMBER: 1044649

REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

FOR

MENORAH FOUNDATION

Melinek Fine LLP Chartered Accountants Statutory Auditors First Floor, Winston House 349 Regents Park Road London N3 1DH

MENORAH FOUNDATION

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

Page
Report of the Trustees 1 to 3
Report of the Independent Auditors 4 to 6
Statement of Financial Activities 7
Balance Sheet 8
Cash Flow Statement 9
Notes to the Cash Flow Statement 10
Notes to the Financial Statements 11 to 16

MENORAH FOUNDATION

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025

The trustees present their report with the financial statements of the charity for the year ended 31 August 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES Objectives and aims

The objectives of the charity are as follows:

Public benefit

The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the Trust's aims and objectives and in planning future activities.

ACHIEVEMENTS AND PERFORMANCE Charitable activities

The Trustees consider that the performance of the Charity this year has been satisfactory.

The Trustees are pleased to report that the charity has continued to be able to support the Menorah Foundation School, with increased donations during the year.

The School continues to develop, and the Trustees are proud to be able to support the institution. Particularly, the Trustees were pleased to be able to continue to develop the school site, with additional air conditioning plant, a renewal of the school hall ceiling and additional office space development.

FINANCIAL REVIEW

Financial position

The Statement of Financial Activities shows a surplus of £332,365 for the year (2024: £88,682). As at the year end, our reserves stand at a surplus of £2,949,358 (2024: £2,616,993). These surplus funds have been invested into the school building to enhance facilities for pupils at the school

The Trustees consider that the performance of the Charity this year has been satisfactory. During the year the Charity has raised £1,324,348 (2024: £1,109,683) from donations and gifts. The Charity's cash reserves stood at £511,448 (unrestricted fund) and £18,586 (restricted fund).

Additional funds have subsequently been raised to enable the Charity to continue in operation for the foreseeable future.

Reserves policy

The charity's reserves policy is to maintain sufficient reserves to enable the charity to continue its activities and services at a meaningful level, should there be a drop in income. As all income is derived from voluntary donations, the trustees review this position on a regular basis.

In view of this the trustees aim to maintain a level of reserves sufficient to provide financial stability and flexibility.

FUTURE PLANS

Across the education sector, funding is becoming an increasing challenge. The trustees are determined that the level of education in the school should not be affected by the reduced resources offered by the government. To this end, the trustees are working on fundraising to enable the charity to continue to make donations to support the school's educational activities.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The Charity was established by a Trust Deed dated 10th April 1992 as amended by a Supplemental Deed dated 14th February 1995.

Page 1

MENORAH FOUNDATION

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025

STRUCTURE, GOVERNANCE AND MANAGEMENT

Recruitment and appointment of new trustees

Appointment of Trustees is governed by the Trust Deed of the Charity. The Board of Trustees is authorised to appoint new Trustees to fill vacancies arising through resignation or death of an existing Trustee. The Trust Deed authorises the Trustees to make and hold investments using the general funds of the Charity, but no such investments are presently held.

Induction and training of new trustees

Any new trustees would upon appointment be fully trained by existing trustees and external training courses to ensure they achieve and maintain the high standards that are expected of them.

Risk management

The principal risks facing the Charity stem from the economic strength of the U.K. economy, which has a direct impact upon the level of donations it receives from its donors. The trustees have due regard to the level of donations received when determining the Charity's financial capacity to support its key beneficiary.

The Trustees actively review the major risks which the Charity faces on a regular basis and believe that maintaining reserves at current levels, combined with annual reviews of key financial systems, will provide sufficient resources in the event of adverse conditions.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number

1044649

Principal address

13 Beaufort Gardens London NW4 3QN

Trustees

Mr A M Jacobs, BEM Mr A Korman Mr N B Jackson Mrs D M Meshulam Mr D Wulwick Mr B M Finger Mr B M Stern

Auditors

Melinek Fine LLP Chartered Accountants Statutory Auditors First Floor, Winston House 349 Regents Park Road London N3 1DH

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Page 2

MENORAH FOUNDATION

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31 AUGUST 2025

STATEMENT OF TRUSTEES' RESPONSIBILITIES - continued

Charity law requires the trustees to prepare financial statements for each financial year. Under that law, the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).

Under charity law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011 and The Charity (Accounts and Reports) Regulations 2008. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by order of the board of trustees on 30 June 2026 and signed on its behalf by:

Mr A M Jacobs, BEM - Trustee

Page 3

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF MENORAH FOUNDATION

Opinion

We have audited the financial statements of Menorah Foundation (the 'charity') for the year ended 31 August 2025 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, 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 (United Kingdom Generally Accepted Accounting Practice).

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 Auditors' 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.

Based on the 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.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

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.

In connection with our audit of the financial statements, our responsibility 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 otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. 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.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

Page 4

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF MENORAH FOUNDATION

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees are responsible for the preparation of the financial statements which 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.

Our responsibilities for the audit of the financial statements

We have been appointed as auditors under Section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

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 a Report of the Independent Auditors 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.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial statements from our sector experience through discussion with the trustees and other management (as required by auditing standards).

We had regard to laws and regulations in areas that directly affect the financial statements including financial reporting (including related legislation) and taxation legislation. We considered that extent of compliance with those laws and regulations as part of our procedures on the related financial statements items.

With the exception of any known or possible non-compliance, and as required by auditing standards, our work in respect of these was limited to enquiry of the trustees and management.

We communicated identified laws and regulations throughout our team and remained alert to any indications of non-compliance throughout the audit.

We addressed the risk of fraud through management override of controls, by testing the appropriateness of journal entries and other adjustments; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.

Our audit procedures were designed to respond to risks of material misstatement in the financial statements, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery, misrepresentations or through collusion. There are inherent limitations in the audit procedures performed and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we are to become aware of it.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Page 5

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF MENORAH FOUNDATION

Use of our report

This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditors' 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 trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Melinek Fine LLP Chartered Accountants Statutory Auditors First Floor, Winston House 349 Regents Park Road London N3 1DH

30 June 2026

Page 6

MENORAH FOUNDATION

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 AUGUST 2025

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
Investment income
3
Total
EXPENDITURE ON
Charitable activities
4
Grants to Menorah Foundation School
Other charitable activities
Total
NET INCOME
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
fund
£
1,428,680
1,941
1,430,621
900,375
197,881
1,098,256
332,365
2,551,993
2,884,358		 Restricted
fund
£
-
-
-
-
-
-
-
65,000
65,000		 2025

Total
funds
£
1,428,680
1,941
1,430,621
900,375
197,881
1,098,256
332,365
2,616,993
2,949,358		 2024
Total
funds
£
1,234,629
2,084
1,236,713
992,216
155,815
1,148,031
88,682
2,528,311
2,616,993

The notes form part of these financial statements

Page 7

MENORAH FOUNDATION

BALANCE SHEET

31 AUGUST 2025

Notes
FIXED ASSETS
Tangible assets
11
CURRENT ASSETS
Debtors
12
Cash at bank
CREDITORS
Amounts falling due within one year
13
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
NET ASSETS
FUNDS
14
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Unrestricted
fund
£
2,384,258
20,232
511,448
531,680
(31,580)
500,100
2,884,358
2,884,358		 Restricted
fund
£
46,414
-
18,586
18,586
-
18,586
65,000
65,000		 2025
Total
funds
£
2,430,672
20,232
530,034
550,266
(31,580)
518,686
2,949,358
2,949,358
2,884,358
65,000
2,949,358		 2024
Total
funds
£
2,477,300
4,886
141,407
146,293
(6,600)
139,693
2,616,993
2,616,993
2,551,993
65,000
2,616,993

The financial statements were approved by the Board of Trustees and authorised for issue on 30 June 2026 and were signed on its behalf by:

Mr A M Jacobs, BEM - Trustee

The notes form part of these financial statements

Page 8

MENORAH FOUNDATION

CASH FLOW STATEMENT

FOR THE YEAR ENDED 31 AUGUST 2025

Notes
Cash flows from operating activities
Cash generated from operations
1
Net cash provided by operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Interest received
Net cash used in investing activities
Change in cash and cash equivalents in
the reporting period
Cash and cash equivalents at the
beginning of the reporting period
Cash and cash equivalents at the end of
the reporting period		 2025
£
419,223
419,223
(32,537)
1,941
(30,596)
388,627
141,407
530,034		 2024
£
148,897
148,897
(216,038)
2,084
(213,954)
(65,057)
206,464
141,407

The notes form part of these financial statements

Page 9

MENORAH FOUNDATION

NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 AUGUST 2025

1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES FLOW FROM OPERATING ACTIVITIES
2025 2024
£ £
Net income for the reporting period (as per the Statement of
Financial Activities) 332,365 88,682
Adjustments for:
Depreciation charges 79,165 78,461
Interest received (1,941) (2,084)
Increase in debtors (15,346) (2,362)
Increase/(decrease) in creditors 24,980 (13,800)
Net cash provided by operations 419,223 148,897
2. ANALYSIS OF CHANGES IN NET FUNDS
At 1.9.24 Cash flow At 31.8.25
£ £ £
Net cash
Cash at bank 141,407 388,627 530,034
141,407 388,627 530,034
Total 141,407 388,627 530,034

The notes form part of these financial statements

Page 10

MENORAH FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Long leasehold - 2% on cost
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2. DONATIONS AND LEGACIES

Donations
Gift aid
Grants
Grants received, included in the above, are as follows:
Department of Education grant for capital improvements		 2025
£
1,262,563
61,785
104,332
1,428,680
2025
£
104,332		 2024
£
1,040,106
69,461
125,062
1,234,629
2024
£
125,062

Grants received, included in the above, are as follows:

continued...

Page 11

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2025

MENORAH FOUNDATION

3.
INVESTMENT INCOME
Deposit account interest
4.
CHARITABLE ACTIVITIES COSTS
Grants to Menorah Foundation School
Other charitable activities		 Direct
Costs
£
-
181,842
181,842		 Grant
funding of
activities
(see note
5)
£
900,375
7,487
907,862		 2025
£
1,941
Support
costs (see
note 6)
£
-
8,552
8,552		 2024
£
2,084
Totals
£
900,375
197,881
1,098,256

Included within other charitable activities are depreciation charges of £79,165 (2024: £78,462), a breakdown of which can be found in note 11.

5. GRANTS PAYABLE

Grants to Menorah Foundation School
Other charitable activities		 2025
£
900,375
7,487
907,862		 2024
£
992,216
6,363
998,579
6. SUPPORT COSTS
Bank Governance
charges costs Totals
£ £ £
Other charitable activities 272 8,280 8,552
7. AUDITORS' REMUNERATION
2025 2024
£ £
Fees payable to the charity's auditors for the audit of the charity's financial
statements 6,000 4,800
Auditors' remuneration for non audit work 2,280 1,800

8. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 August 2025 nor for the year ended 31 August 2024.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 August 2025 nor for the year ended 31 August 2024.

continued...

Page 12

MENORAH FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2025

9. STAFF COSTS

There were no staff costs for the year ended 31 August 2025 nor for the year ended 31 August 2024.

10. FINANCIAL INSTRUMENTS

The Charity only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Debtors

Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents

Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors

Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.

11. TANGIBLE FIXED ASSETS

COST
At 1 September 2024
Additions
At 31 August 2025
DEPRECIATION
At 1 September 2024
Charge for year
At 31 August 2025
NET BOOK VALUE
At 31 August 2025
At 31 August 2024		 Assets
under
construction
£
46,414
-
46,414
-
-
-
46,414
46,414		 Long
leasehold
£
3,106,948
23,312
3,130,260
724,483
62,606
787,089
2,343,171
2,382,465		 Plant and
machinery
£
145,338
-
145,338
115,502
5,967
121,469
23,869
29,836

continued...

Page 13

MENORAH FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2025

11. TANGIBLE FIXED ASSETS - continued

11. TANGIBLE FIXED ASSETS - continued
Fixtures
and Computer
fittings equipment
Totals
£ £ £
COST
At 1 September 2024 51,572 58,303 3,408,575
Additions 1,575 7,650 32,537
At 31 August 2025 53,147 65,953 3,441,112
DEPRECIATION
At 1 September 2024 36,992 54,298 931,275
Charge for year 4,038 6,554 79,165
At 31 August 2025 41,030 60,852 1,010,440
NET BOOK VALUE
At 31 August 2025 12,117 5,101 2,430,672
At 31 August 2024 14,580 4,005 2,477,300
The assets under construction account pertains to the ongoing construction of a new school hall. As of the
balance sheet date, the construction had not been completed. Consequently, the asset has not been subjected to
depreciation.
12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£ £
Other debtors 20,232 4,886
13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£ £
Trade creditors 16,700 -
Other creditors 14,880 6,600
31,580 6,600
14. MOVEMENT IN FUNDS
Net
movement
At
At 1.9.24 in funds 31.8.25
£ £ £
Unrestricted funds
General fund 2,551,993 332,365 2,884,358
Restricted funds
Restricted fund 65,000 - 65,000
TOTAL FUNDS 2,616,993 332,365 2,949,358

continued...

Page 14

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2025

MENORAH FOUNDATION

14. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
TOTAL FUNDS		 Incoming
resources
£
1,430,621
1,430,621
Resources

expended
£
(1,098,256)
**(1,098,256) **
Movement

in funds
£
332,365
332,365

Comparatives for movement in funds

Unrestricted funds
General fund
Restricted funds
Restricted fund
TOTAL FUNDS		 At 1.9.23
£
2,463,311
65,000
2,528,311		 Net
movement
in funds
£
88,682
-
88,682		 At
31.8.24
£
2,551,993
65,000
2,616,993

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
TOTAL FUNDS		 Incoming
resources
£
1,236,713
1,236,713		 Resources
expended
£
(1,148,031)
(1,148,031)		 Movement
in funds
£
88,682
88,682

The trustees acknowledge that £181,292 was raised in 2016 towards the future refurbishment of the school hall. These funds have been designated by the trustees for this purpose and it is intended that, upon completion of the refurbishment, the hall will be named in memory of the late Rabbi Chaim Warshawsky, former Head of Kodesh at Menorah Foundation School, who served the school from 1995 to 2015.

continued...

Page 15

MENORAH FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2025

15. RELATED PARTY DISCLOSURES

Grants totalling £900,375 (2024: £992,216) were made during the year to Menorah Foundation School, a Voluntary Aided School. The Trustees of Menorah Foundation appoint the majority of the Governors of Menorah Foundation School.

Menorah Foundation School occupies the premises of the leasehold property held by the charity at Abbots Road, Edgware, Middlesex, on a rent free basis.

Page 16