Company registration number: 03334635
Charity registration number: 1064655
Dalaid
(A company limited by guarantee)
Unaudited Financial Statements
for the Year Ended 31 March 2025
Hawsons Chartered Accountants
Jubilee House
32 Duncan Close
Moulton Park
Northampton
NN3 6WL

Trustees' Report
Statement of Trustee's Responsibilities
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements
Dalaid
Contents
1 10 3
4
5
6
7
8 to 11

Dalaid
Trustee's Report for the year ended 31 March 2025
Reference and Administrative Details
The Trustees are responsible for preparing the Annual Report and the financial statements in accordance with
applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting
Practice). The Trustees have adopted the provisions of the Statement of Recommended Practice (SORP)
"Accounting and Reporting by Charities" (FRS102) in preparing the annual report and financial statements of the
Charity registration number: 1064655
Company Registration Number: 03334635
Interim Manager:
Ms V Henley
Registered Office:
Accountants:
Penningtons Manches Cooper
B1 Brooklands
Clarendon road
Cambridge
Cambridgeshire
CB2 8EE
Hawsons Chartered Accountants
Jubilee House
32 Duncan Close
Bankers:
Barclay Bank PLC
Leicester
LE87 2BB
Page 1

Dalaid
Trustee's Report for the year ended 31 March 2025 (continued)
The Interim manager presents the annual report together with the financial statements of the charitable company for
the year ended 31 March 2025.
Objectives and activities
Objects and aims
The charity's objects are to "to relieve poverty and to advance education by the provision of educational assistance to
Jewish individuals and organisations"
Public benefit
The charity has not been able to carry out any activities in pursuance of its objects during the financial year because it
is the subject of a statutory inquiry to investigate potential misconduct and mismanagement in its administration. It is
the Commission's policy to publish a report upon concluding an inquiry which details its findings, conclusions and any
regulatory action taken. The inquiry has not yet been concluded and therefore no report has yet been published.
The Interim Manager confirms that she has complied with the requirements of section 17 of the Charities Act 2011 to
have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
Financial review
The Statement of Financial Activities shows a net deficit for the year of £53,530 (2024: a deficit of £18,638) and total
funds carried forward of £2,171,255 (2024: £2,224,785). There were no restricted funds as at the year end.
Policy on reserves
In light of the ongoing Charity Commission enquiry, the Interim Manager has not introduced a reserves policy for this
financial year.
Principal funding sources
The charity has not sought any funding during the year.
Going concern
During the year ended 31 March 2023, the trustees had become aware of a related NCA investigation and had been
contacted by the Charity Commission. The trustees co-operated with both bodies.
Trustees and officers
The trustees and officers serving during the year and since the year end were as follows:
Trustees:
Mr A Balkin (resigned 26 July 2024)
Mrs ND Levenson (resigned 26 July 2024)
Mr M Levenson (resigned 26 July 2024)
Interim Manager:
Ms V Henley
Secretary:
Mrs N D Levenson (resigned 26 July 2024)
Page 2

Dalaid
Trustee's Report for the year ended 31 March 2025 (continued)
Structure, governance and management
Governing document and Management
The charity is controlled by its governing document, its memorandum and articles of association, and constitutes a
limited company, limited by guarantee, as defined by the Companies Act 2006.
The Charity is registered with the Charity Commission.
Recruitment and appointment of trustees
All of the Trustees were removed on 26 July 2024. The Board has the power to appoint additional trustees as it
considers fit to do so.
Related parties
There were no related party transactions during the year (2024- None).
Risk Management
In view of the Charity Commission statutory inquiry the Interim Manager is working with the Charity Commission to
protect the assets of the Charity.
Small companies provision statement
This report has been prepared in accordance with the small companies regime under the Companies Act 2006.
The annual report was approved by the Interim Manager of the charitable company on 3 November 2025 and signed
on its behalf by:
Virginia Henley
Ms V Henley
Interim Manager
Page 3

Dalaid
Statement of Trustee's Responsibilities
The Trustees are responsible for preparing the trusteelnterim Manage's report and the financial statements in
accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted
Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of
Ireland". The report and accounts have been prepared in accordance with the provisions in the Companies Act 2006
relating to small companies.
Company law requires that financial statements are prepared for each financial year. 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
charitable company and of the incoming resources and application of resources, including its income and
expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are
required to:
• select suitable accounting policies and apply them consistently;
• observe the methods and principles in the Charities SORP;
• make judgements and estimates that are reasonable and prudent;
• state whether applicable accounting standards, comprising FRS 102 have been followed, subject to any material
departures disclosed and explained in the financial statements; and
• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the
charitable company will continue in business.
In the absence of any directors, the Trustees are responsible for keeping proper accounting records that can disclose
with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that.
the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets
of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other
irregularities.
The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on
the charitable company's website. Legislation governing the preparation and dissemination of financial statements
may differ from legislation in other jurisdictions.
Page 4

Dalaid
Independent Examiner's Report to the trustees of Dalaid
I report to the charitable company's trustees on my examination of the accounts of the charitable company for the year
ended 31 March 2025 which are set out on pages 6 to 11.
Responsibilities and basis of report
As the charitable company's trustees you are responsible for the preparation of the accounts in accordance with the
requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of Dalaid are not required to be audited under Part 16 of the 2006 Act and are
eligible for independent examination, I report in respect of my examination of your charitable company's accounts as
carried out under section 145 of the Charities Act 2011 ('the 2011 Act). In carrying out my examination I have followed
the directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the
examination giving me cause to believe:
1. accounting records were not kept in respect of the charitable company as required by section 386 of the 2006 Act;
or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any
requirement that the accounts give a true and fair view' which is not a matter considered as part of an independent
examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of
Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the ÜK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should
be drawn in this report in order to enable a proper understanding of the accounts to be reached.
William Amos
Hawsons Chartered Accountants
Jubilee House
32 Duncan Close
Moulton Park
Northampton
NN3 6WL
3 November 2025
Page 5

Incoming resources
Donations and legacies
Investment income
Total incoming resources
Resources expended
Charitable activities
Total expenditure
Net outgoing resources
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
Dalaid
Statement of Financial Activities for the Year Ended 31 March 2025
Unrestricted
funds
Note
Restricted
funds
Total
2025
3
550
35,773
36,323
:
4
(89,853)
(89,853)
(53,530)
(53,530)
"..
:
9
2,224,785
2.171,255
550
35,773
36,323
(89,853)
(89,853)
(53,530)
(53,530)
2.224,785
2.171,255
Total
2024
4,209
1,636
5,845
(24,483)
(24,483)
(18,638)
(18,638)
2,243,423
2,224,785
The notes on pages 8 to 11 form an integral part of these financial statements.
Page 6

Dalaid
(Registration number: 03334635)
Balance Sheet as at 31 March 2025
Unrestricted
Restricted
funds
funds
Note
Total
2025
2023
€
Current assets
Cash at bank and in hand
7
Creditors: Amounts falling due within
one year
8
Net assets
2,178,137
(6,882)
2.171.255
2,178,137
(6,882)
2.171,255
2,235,520
(10,735)
2,224,785
Charity funds
Unrestricted income funds
Unrestricted funds
2,171.255
:
2.171.255
Total charity funds
9
2,171,255
2,171,255
2.224,785
2,224,785
For the financial year ending 31 March 2025 the charitable company was entitled to exemption from audit under
section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
• The members have not required the charitable company to obtain an audit of its accounts for the year in question
in accordance with section 476; and
• The director acknowledges her responsibilities for complying with the requirements of the Act with respect to
accounting records and the preparation of accounts.
These financial statements have been prepared in accordance with the special provisions relating to companies
subject to the small companies regime within Part 15 of the Companies Act 2006.
The financial statements on pages 6 to 11 were approved by the Interim Manager, and authorised for issue on 3
November 2025 and signed on her behalf by:
Virginia Henley
Ms V Henley
Interim Manager
The notes on pages 8 to 11 form an integral part of these financial statements.
Page 7

Dalaid
Notes to the Financial Statements for the Year Ended 31 March 2025
1 Accounting policies
The following accounting policies have been used consistently in dealing with items which are considered material to
the charitable company's affairs.
Statutory information
Dalaid is a company (No. 03334635) and charity (No. 1064655) domiciled in England and Wales. The address of its
registered office is: Penningtons Manches Cooper B1 Brooklands, Clarendon House, Clarendon Road, Cambridge,
England, CB2 8EE.
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These
policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
The financial statements have been prepared in accordance with 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)) (issued in October 2019) - (Charities
SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the
Companies Act 2006.
Basis of preparation
Dalaid meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at
historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
Going concern
The financial statements have been prepared on a going concern basis.
Income and endowments
All income is recognised once the charitable company has entitlement to the income, it is probable that the income
will be received and the amount of the income receivable can be measured reliably.
Donations and legacies
Donations are recognised when the charitable company has been notified in writing of both the amount and
settlement date. In the event that a donation is subject to conditions that require a level of performance by the
charitable company before the charitable company is entitled to the funds, the income is deferred and not recognised
until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the
charitable company and it is probable that these conditions will be fulfilled in the reporting period.
Investment income
Dividends are recognised once the dividend has been declared and notification has been received of the dividend
due.
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable
settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure
heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings
they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the
basis of time spent, and depreciation charges allocated on the portion of the asset's use. Other support costs are
allocated based on the spread of staff costs.
Charitable activities
Charitable expenditure comprises those costs incurred by the charitable company in the delivery of its activities and
services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of
an indirect nature necessary to support them.
Page 8

Dalaid
Notes to the Financial Statements for the Year Ended 31 March 2025 (continued)
1 Accounting policies (continued)
Support costs
Support costs include central functions and have been allocated to activity cost categories on a basis consistent with
the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent
and other costs by their usage.
The charitable company is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010
and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the
charitable company is potentially exempt from taxation in respect of income or capital gains received within
categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of
Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments
that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Fund structure
Unrestricted income funds are general funds that are available for use at the trustees' discretion in furtherance of the
objectives of the charitable company.
2 Income from donations and legacies
Donations from companies, trusts, and similar proceeds
Donations from individuals
Unrestricted
fund
€
-
550
550
Total
2025
€
-
550
550
Total
2024
€
2,742
1,467
4,209
3 Investment income
Unrestricted
fund
€
35,773
Total
2025
€
35,773
Total
2024
1,636
Interest receivable
4 Expenditure on charitable activities
Unrestricted
fund
89,853
Total
2025
€
89,853
Total
2024
€
24,483
Allocated support costs
5 Trustees remuneration and expenses
No trustees, nor any persons connected with them, have received any remuneration from the charitable company
during the year.
No trustees have received any reimbursed expenses or any other benefits from the charity during the year.
6 Staff costs
There were no staff costs for the year end 31 March 2025 (2024: £Nil).
Page 9

Dalaid
Notes to the Financial Statements for the Year Ended 31 March 2025 (continued)
7 Cash and cash equivalents
2025
2,178.137
2024
2,235,520
Cash at bank
8 Creditors: amounts falling due within one year
2025
€
6,882
2024
10,735
Accruals
9 Funds
Balance at 1
April 2024
Unrestricted funds
Unrestricted fund
2.224,785
(As restated)
Balance at 1
April 2023
Incoming
resources
36,323
Incoming
resources
Unrestricted funds
Unrestricted fund
2,243.423
5,845
Resources
expended
€
(89,853)
Resources
expended
€
(24,483)
Balance at
31 March
2025
€
2.171,255
Balance at
31 March
2024
2,224,785
Page 10

Dalaid
Notes to the Financial Statements for the Year Ended 31 March 2025 (continued)
10 Analysis of net assets between funds
Cash at bank and in hand
Current liabilities
Total net assets
Unrestricted
fund
2,178,137
(6,882)
2,171,255
Restricted
fund
€
-
Cash at bank and in hand
Current liabilities
Total net assets
Unrestricted
fund
€
2,235,520
(10,735)
2.224,785
Restricted
fund
Total funds
at 31 March
2025
€
2,178,137
(6,882)
2,171,255
Total funds
at 31 March
2024
2,235,520
(10,735)
2.224,785
11 Related party transactions
There were no related party transactions in the year or in the prior year.
12 Interim manager fees
During the year, the charity was engaged with an interim manager to support operations and governance during a period
of transition. Fees payable to the interim manager amounted to £78,050 (2024: £7,500).
The interim manager was appointed on a temporary contract and is not considered a related party.
Page 11

Dalaid
Detailed Statement of Financial Activities for the Year Ended 31 March 2025
Total
2025
Total
2024
Donations and legacies
Donations from individuals
Donations from corporate sponsors
Investment income
Interest on cash deposits
Charitable activities
Accountancy fees
Legal and professional fees
Bank charges
550
550
35,773
35,773
(7,367)
(82,380)
(106)
(89,853)
1,467
2,742
4,209
1,636
1,636
(5,985)
(18,395)
(103)
(24,483)
Net (deficit) / income
(53,530)
(18,638)
This page does not form part of the statutory financial statements.