Roglstered Company Number: 03437589 CLORK TIKVA SCHOOL Fouf4DATtON (A COMPANY LIMITED BY GUARANTEE) REI PORT OF TIIE TRUSTEES AND UNAUDITED vIf4ANCIAL STAI'EMENTS FOR THE YEAR LNDED 31 AUGUST2025 Charity Number: 1073942
I:LORE TIKVA SC.HOOI, fiOUNDAI'JON CONTENTS OFTHE fiNANCJAL STATE1fvrffis FOR THE YEAR ENDLD 31 AUGUST IOL Page Lyumber Retth ofthe Trnste Indepid¢llt ExallLin&s Report StatryD¢nt ofi-,iij¢IJ Activiti¢5 Balall¢e Sheet 9-14 Notes to the FitWLciai sthteJJw3
Page I CLORI TIKVA SCHOOL IfOUNDATJON REPORT OF TIIJL TRUSTEES FOR'IIIE YEAK ENDED 31 AUGUS'I. 2025 Thc triistccs who &rc also dircclors of th¢ ¢hority for the purposcs of the Compaiiies A¢t 2006, pr¢s¢nt their 1Stl nport lld aLw pr¢s¢nt th¢ dlLt¢tors' r¢portwidi thc fii1&nciI stllt¢mcntsof the charity for thc yc&r ciidcd 31 August 2025. Thc financiHI stmemcnts havc been prepared iii occordan¢¢ wth the a¢couiiting LiCIes whi¢h ¢an b¢ found 00 p88¢8 9 and 10 and comply widi th¢ Charities Act 2011. the Companic8 Act 2006. the Mcmornndum and Arti¢lcs of AssociatiotL ond A¥¢ouJ)iing and Repoiiilig by Climriiles.. Statement of Rtcomm¢nd¢d PraLtice applie&bl¢ lo cl7.1tics pirparing Ilielr thccouiits in acc4)rdallce with the Finanoial R¢porting SOrd appli¢ubl¥ in ¢he UK and Republi¢ of Ir¢lHnd (FRS 1021 (effectivc I Jaiiiiary 2019}. REItICRKNCE AND ADMINIStIL4TIVE DETAILS Registered CompaRy Number 03437589 Reglstered Charlty Nuinber 1073942 Restered Office 115 Fiilwell Av¢nu¢ Barkin8side Essex IG6 2JN Tru$teEs G¢orge KDorllng { Chairthanl Paiil D BoLirne John C Mon'ison Rabbt D Hulbert AiidrewK L¢wis latt L Bloom J&%on E Lcvy Claire A Flartloy l appoint¢d I Septeber 2025) ITesiEn¢d 24 July20251 lttdeptiident Ex•mlntrs Ms J A Ricklcr, FCA Alwyns LLP Crown Holis¢ 151 High Road Loughton Essex IGIO 41£r STRucfuRE, COVERNAIYCE AND MANAGEMENT Governlng doeumenl The Ghurity Is ¢ontyulled by Its governing documell( adeed of trust, alld coDstitutes a iltllited compallyb limited by guarontee. as de[lid by th¢ Companie$ A¢1 2006. Bet S¢fer Llmited Is a ¢OTnpany limited by guaratltee governed by its Memor8ndum Eujd Articles of A580ciation dated 22 S¢pi¢mber 1997. Tb¢ ¢hariiy changed its name to Clor¢ Thkvu SL'hool Fouiidatioii on 17 Jurte 2019. It is regis*red as a ¢harity with the Charity con$$100. Anyone over th¢ ag¢ 0118 cart becom¢ & m¢mb¢r ofihe company by application to the ust¢¢5 and there are currelltly 20 rKmbers, each of whojnagree to contribute £IO illihe eveni of the charity windit]8 UP.
P&8e 2 CLORE TIKVA SCHOOL FOUNDATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025 STRUCTURE, GOVERNANCE AND MANAGEMENT Recrultsnent fippollltmentof trustees A8 setQLit in th¢ Artiola8 of As50ciation thc mcmbers of ihc ¢ompartyeEcctthc tsiLsltcs, whD, in ts]n4 eject the ch&. All mcnthcrs circuialcd iiut le58 than seven or iiiore ihan Iw¢nly-¢iBlil cl¢aT days kfore the dale appLliJJtd for holdin8 X 8enerl 1cling. witii notice b¢iJJ8 8iven of tsuslees refiTi1 by rotalivn p¢tsons king r¢c0xwnJ¢d for 4pPOellt &8 Iriisle¢s. Ijiilnctlon #nil ti'x1]% of llV+V trnStees New Ini$t¢¢g sr¢ bri¢frd on Ili¢ir l¢gal obligutiony uJJd¢r chority And ComnY Iftw., thc Content of Ihc McTh)Tandum Article8 of ACIatiOlI,. the dcci8ion moking proces8eB", Ihe biisinea ploii rc¢cnt fin4ll¢l1 p¢rfoi'ittanw of thc rljarity. Trtist¢e8 are ¢liClTagCd kn alt¢nd appLDPIA&te &¥ter1 traiiiitsg event8 WIre these will fa¢ilityte the undettskin8 of tlieir rol¢. 0rga]Jl$atloll1 lti'uctu The boaid of liu$l¢w which cali hav¢ up to 9 mcmbcrs, iYCCt8 three ttttK8 a year 8ttd lldminister5 the charity. The duy-to-thy activities llre condueted from the offJc¢ of lh¢ Cloir Tikva School. Company s¢¢r¢knrial swwc¢s and financial Jdministrotion wetr ¢otri¢d oiit by Mi" P D BoiwK during the year. witli ML. G R Dorltng AlIning tliis rol¢ going forwnrd. RelAte(I PAI'tky Tjie charity ha8 & elose reknttonship with Clore Tith S¢hool, whi¢h is 8it¢d in th¢ Pf¢nliBU owned by th¢ ¢harity. It also h8 latiOnsLIp with JS7 fonK¢rlyJCDSAB (Jewish Colly)Mmity Day School Advisory BoArd), wh08c remit 18 to ¢8thbli5h wid work wilb Jewish sthooly ¥lwIiiw ils pluralist ¢thos is al80 the AdiSSio11 Authority desiFmt¢d by the Departmellt for Education. Rl%k Maement Th¢ Irust¢¢s 8111i8fLed that 811 mjor ri8k8 have been ideniified and ieviewed, wid thal $ystems est&thli8h¢d to tnitiga those ri¥ks. 'I'lie'fnistees ar¢ continuing.. nttAillllial rnvi¢w ofih¢riyks th¢ ¢IrIty may f&¢¢,' to rcvicw 8yStems 8nd Pr(lUTe# to itiitigatc tho8¢ risks id¢lllifi¢iL' thc implementation of pro¢ediues do4igncd to niiiiimise nY pot¢iitial impact on th¢ ¢tLurty sh1]d th08e risks twt¢rialis¢. OBJECTIVES AND ACTivrriEs DffLIR PUBLIC IrTEREST ObJectlve5 lld Mlans Th¢ di41iWs obj¢ctiv¢s aT¢'.- dv4nceiJnt of cdiicution in H(Yordanct wit11pmlVC Jcw5h principlcs., to the BurdianS of the school ethos nnd b¢ fully wi)i)orltvoof al 411 tlEiKB.' maintenanc¢ nnd d¢velopment of premis for the putpo8e8 olsuch Adv8ncemettt' fvndin¥ uf thal pg11 of lhe ¥ohool's wrriciilumwhich 18 outsid¢ 8tate assistanc4 viz Hcbr¢w teaching Bnd J¢wish Bttidi&¥' to provide up to of All School C&pitEd ExpettdiLute coveted by SCA fundin to pty)vide the bal&ncc of tiittdin8 for school t]1 pmjecig Ihttt aTe n()tcovcr&q by$tHte funding. Tjie Trustees are njindful uf th¢ n¢¢d to n)eet the )blIC Bgnefji ffquir¢m¢nt and have b¢¢ll inade awore of the lidance given to the Tnislees by the Chdrily Comthission. They L'un¥id¥t thut the ui)Iis upDn th¢m is di8cIigT8¢d by th¢ prolliotion of dVl¢tIn¢1it ofd)e educalion in accoldaj pro8res$ive Jeivish piilli'ipltts. provide Hebrew itsc]Jin8 And Jewish Siudi¢E which are oiilside Stale School currieulunL However, wheLE their are vaLancie8 the school is open to ehilijien of all faiths and the diyclly this biin8y lo the whi)ol lielp8 promote iDt¢L' faith dialo1¢ and co-operation. thereby proJnotinB Bood coJNniiJJity relations hclpin8 ID collthfjtajrti SeiTlllism and reliBiOW preiudice5 early &8e. Volullteer5 The ch81.ily i8 Ilcpcndent on the voluntary work of the IwstCC8 in thiiiislcting ils ful8 and othcr voliuJl¢¢ts who glyc thcir tini¢ yupportillg th¢ charitys activitics. Thc value of this suprteI)nOt be re8dily quontifIed 8nd hÈs rt(>l been included in th¢ rmtiJ]¢ial &18l¢tTknts.
PHg¢ 3
CLORE TIKVA SCHOOL FOUNDAT]ON
REPORT OFTHE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025
ACHJEVEMKNT AND PERFORMANCE
Chthr1t aetlvhles
Duru]B Ihe past fJnHncinl yeai., th¢ widcr economic trnviro1tnt r¢iTk4in¢d challenging. with tlie contind itnpq¢t of thc
cost of liviiig ci'i¥is many F1lieS withiij tlJ¢ Cloi% Tikva Sehoul ¥oiiuiwiiily. Despit¢ th¢8¢ pr¢8sure4 th
Foundnlion has wntinucd lo re¢¢iv¢ $liY)n8 SllPPOIt Irom p4r¢nts and donor8, lablin8 It Io SLlSloin ils ctrmmtlnktht lo funding
th¢ Ivtil and Jewish 8fvdics ¢UT[i1117I1l at thc 11001.
Pupil nun]b¢r8 have renMirt¢d below hi81vri¢ kv¢i4 llecting broader dem8t#plii¢ tr¢nds •oross Redbridgc alld Gre•t¢t
Lonclon. IA)wer intsk¢ into Niiisery anil Recepiion ill ELent years Continu lo woit i18 way throygb the 8chuol, i.¢IllilIg itt
rediiced ovciill ¢mDkniBnl fjnd, Cor¢quentIy, a nller base of faniili¢s coiitribuling ihTougb Vo2imtary Pur¢lllal
Conlrjbutions (VPCS). The uiyleD)¢ntstion of a revis1 Pupil Ad]nis¥ioIi Nunkn¢r IPANI of 45 piu)ils 11.5 fom ¢lltyl.
togetlicr with thc iIiliDduction of mixcd.TrBe classes fwln Septunber 2024, represents x pr¢>£ciive fjiid n¢cLYsaLy spOilSe by
thc School to align its s¢nictur¢ with ¢iirrent dLfjnartd. However, thi¥ adjUstnnt also has d Lorrespolldiii8 11n¢1 vn fuliire
cotttribiition l¢vcI8.
NolwitIL8tall(ling the8C Ongoin8 ehallcngc%, Ihc I'oundation lias oncc again iiwl it% coic obli8alions in 5UPV)rtlll8 HebTtw
tellehirtg Jewish Sh1. CarUI finallc11 inhno8ement l)1$ r¢illaillcd a priority thLDughoiit the ycar, with cxpenditure
c108¢1y Inoltor¢d &ttd effieien¢ies id¢ntified wherever IX188Lble lo lsur Iliat gvoilDbl¢ funds arc dircctcd towards k¢y
ducational provi810. llje 18tall]lblIIty of tbi8 fiirtdiiig model rcmnitts linder te8ular review, with pHr11lIuT focLi$ Ott
strengllienillg enga¥
Page 4
CLORI TII
Pag¢ 5 CLORE TIKVA SCHOOL FOUNDATION REPORT OF THE TRUSTEES FOR THE ITAR ENDED 31 AUGUST 2025 STATEMENT OF TRUKs1 RESPONSIBILITIILS Th¢ tyu3tees {who olso the diJ¢ctors of CIoTe fikva School Foiindation for the purposcs of cotllpany Idwl aT¢ rponSible for preparing thc Report olthe Triiste¢s und th¢ fLtLm¢iaJ 5tat¢ill¢nts in rdanc¢ with applicablt law and gUlatio5. Company law requir¢s ihe trusie¢s 10 pr¢piir¢ finallcial stafrmellls for each fiiiaiicEAI year. Under that law tbe trustee5 ttiusl prepare the fiJJancial s¢atements in accordance with Uiii*d Kingdom Gen¢r#lly A¢¢ept¢d Aecouiiiing Practic¢ (Unil¢d Kingdom Accountiiig Siandards aiid dpplicdble 14w}. Uttder compuny Jaw Ihe trustees must noi approvc Ihc rJttanci slut¢m¢nls uiile55 they are 5JtL5fied th8t thcy give a lrne and fair view ofthe state ofaffairs of the charitsble compaiiy and of tlic iiicoming resour¢es and &ppli¢alion of resour¢e4 incliidiog tlit in¢oine and xpcnditure, of the cliaritablc company for that pei'iod. Inpreparing th¢se fillancial statemellts, the trustees ar¢ req111d to:_ s¢l¢¢i suitable accoiinting policies alld dien apply them coii$isknily' ob8erYe the meihods and pi'in¥iples iii ihe Charity SORP., make judEmeIits aiid estijnalts r¢asonable and prudeiit. siote whothbr appllGabl¢ UK AccoiinÉing Standards havc been followed. subjectto any material departt]rcs disclo.8ed xnd explained in th¢ financial stalenlIt., Thnd prq)fire the flnancial slitcments on th¢ going rolK¢1 bLS un1¢5s It 15 jLiappropriat¢ to pr¢5unK that th¢ charitablc cOMpyw11] continue lo eperate. The trustees rt8PODsible for k¢¢plng adequ&te aecounting records that are Buffjcient to Show and explabj the cliaritable LOTnpanls trall8act1ol and disclose with reasonable eur4¢Y at any th¢ ffnwi¢ial y)sitiDn of the ¢1Wib1e ¢ompuny And to enable thelli to ensure that the fillancial statemen¢s comply with the Companies A¢t 2006. They are also re$wnsible for saf¢guor(ting the as5¢ts' of the cornpany aiid hence for taklljg rewllable Steps ror tilt pr¢v¢ntiull and detectiolloffraud other irregularitie$. Th¢ re}rtIleS beej) prepared in accord8nc¢ wlih th¢ swial provisivns of P4rl 15 of the Companie5 ALt 2006 iating to •trJl compani¢5. ON BEHALF OF T'HE TRUSTEES: P D Bourne -Tn]$tee Date.. 7 (01 (2oJ6
Pagc 6 CLORE TIKVA SCHOOL FOUNDATION INDFPEiYDENT EXAMINF.X'S RTr,VORTTO THE TRUS'fEifs ov ci.ORI¢'l'lKVA SCFIOOL FOIINI)AI'ION rcporl to It1181¢e5 Iwlin are Ili¢ Dirtxtors for llie purp of ¢(xnpaiiy lawl on Iny examillailoii of tli¢ finaii¢ial slai¢m¢nts of Clor¢ T¢kva Schwl Foui)dation (Th¢ chnritAble cortipAnll fot the yelli crtded 31 Auwt 2Q25 wbith comptk8e the Siai¢m¢nt of FiD•i¢ial A¢iiviliGs. th¢ Balan¢e Sheet iiid related ttotes pRge 9 to 14. Tliis report is made solely the dtsrity's ttusleas, lls a boty. in a¢wrdwi¢¢ wilh s¢¢1ion 145 of11)e Cliariiies A¢1 2011. My work ha8 bBcii iin(krtath 50 Ihal I might slal¢ 10 the Clilly'S Iiiisle¢s IhD5c mattcrs l am quir¢d to sthie ID thcm in this r¢port and for no oth¢r purpose, To the fullest extcnt permitted by IILW, I dg tiot ¥K¢ept OT assuthe rc8ponsibility to anyorte other Ihan Ihe cliariiy 11 lid the ¢harily's Intsi¥es 35 a bDdy, formy WO for Ibi8 r¢port, or forth¢opinioDS I hav¢ forjlled. REspEcfivE RESPONSIBILI'fiKs ow TRUSTEES AiYD EMMINgR A$ th¢ trustc¢s of Ui¢ ¢liariiabl¢ company you Jrc rcsponsible tor Ihc preparolion of IhB finanGiaJ $tnteJnenLq in accordance with t1kereqU0Men1S of the Compbtiies Act20061'the2006 Act'}. Having 8aligfi¢d my5¢1f tknt IhB finaiicinl stslenients of dje charitable coinpwiy ar¢ not requireil lo b¢ audid under Parl 16 of the Act and nrc cligibl¢ for independont ¢xamino¢ioJ, I row)rt in rowe¢t Df niy examittfiiion of the ¢hritfible ¢ompatty's finAncial sthlein¢nls ¢arri¢d out und¢r section 145 of the Chaiities Aei 2011 l'ibe 201 1 A¢t'l alld ill EatryiLg Vill my ¢xaminaiion I hAv¢ fol1v all Ihc applicable Directioijy Biven by the Cbarily ComtDiS8iOn ulld¢r ge¢b(HJ 145{5Mbl of the 20LIAcL AS PErniitted by DI¢tiOn 2, issued by the Charily Commissiojj Ihe fjm) for whi¢h 114vrk h#s provide(I Iht Company with bookknping scrvic¢s during the yeor cndcd 31 Aii8USt 20. As A consequett¢e I hove tollDw¢d the trquircmentof the FRC'È Ethic Siandard underkIllg diis us8igrtthttttt. An independent ¢x91n1li0n not thvolve g&iliering the evidett¢¢ IhAt would be rcquircd in lludTt and consequcntly 8 nthi V¢r all the mair$ thAI an auditor collsiders giv8 thdr opinion on lh¢ rgn¢la1 $latem¢nts. The plawiing glld ¢DJLduct of audit Boes beyojid I1 lijnited asgwAiiee tTrial 8n independ¢nt <ya1la¢7 can pmvid¢. Con¥¢quenlly I ¢xpre uo opinion to wheth¢r th¢ finan¢iaJ sifilem¢nts presettt a 'true aÈLd fnir, vicw tLy report ig limitcd to tho3e spc¢ifi¢ tuatiers sel out ui Ui¢ ind¢pend¢ni exainllLer's siakmettt. JNDFPENDWNT F.XAMINERtS STATEMENTS J have cothple(ed my tXaD)IIiatiDll. I cotsfm tbat no m4t¢ri41 matt¢rs hav¢ com¢ to my tttion in connethion with the exllDJiD4tion 8iviDg]ll¢ 4Le lo kli¢v¢ Ihal in any niat¢ri&l reBp¢¢i'. a¢etyJtttillg r¢¢ords weTe ]Jol kept in r¢sp¢ct of Ch1tb]C ¢ompony as r¢quIT by section 386 of the 2006 ACL the finandal 8tk)temettt8 do ll(Èc¢ord with Iboy¢ r¢¢ord5.' or the financial stateinents do comply with IlJ¢ 4ccountsng I¢qiiiT¢ments olse¥tion 396 ofthe 2006 Act other Ihan any r¢quir¢m¢nt that th¢ fLnancial siatcmettts give &'tft and fatr view which 18 tsot ts matter Cottsidercd &8 part of an dcp¢ndmt wminaiion., or Ib¢ fittancial slatcJnenl8 hDve not b¢¢n prep4r¢d iii llccordgnce wiui til¢ m¢d)ods and principles of th¢ Slat¢m¢nt of RecOtEttd¢d Practice for aoIli11117B ond r¢porting by cljarilics applicabl¢ to ¢harilics proparirtg the in DordanCe willi th¢ Finaii¢ial R¢poriin8 Sialldaid applicable th the UK and tlepubli¢ offrelart(I IFRS 102}. I have no and hav¢ ¢om¢ a¢r(w llo olIier matters in eomieetithi with the exBmlDatlon to whieh ttttentioll 8JLould be draMTh in this r¢port in order to cnablE a IirtdEf51and of the financial stutejnerlls to be reaclKd. Ms J A Ricktu. FC AIwyll5 1.l.P Ch4rt¢r¢dAc¢ouniqnt8 Cro%4m Hous¢ 1S11li8h lioad Loughtoll F.s5¢X IGIO 4LG
Pag¢ 7 CLORE TIICVA SCHOOL FOUNDATION STA'fEI MENT OF FINANCIAL AC'I'lVi'riv {INCOIIPORATING AN IP4COME AND EXPENDITURE ACCOIJND FOR THE YEAR ENDED 31 AUGUST 2025 Unrostrlettd Rostrl¢ted 202S 2024 Funds Funds Tot81 Totgl Notvs INCOME FROM: Doiiations and Icgacies Olli¢r tradittg JGtivitie$ Inve5trnent8 95.404 43,647 4,360 3.000 98.404 43,647 4,360 120,581 53.883 4J30 Total 143,411 3,000 146,411 178,794 EXPKNDrruRE ON: Choritablc ottivitie5 Other lQ7,865 35.208 IWl,865 98.845 104,670 141.839 63,637 143,073 63,637 206,710 246.509 Net movement in fMnd8 338 {60,637) {60,2991 {67,7151 RtroncillAtlon of fund5 Totsl funds brought forw*rd 170,230 3,343,857 3,516,087 3,583,802 TOTAL vuf4DS CARRIED FORWARD 13 170,568 3.285.220 3.455,788 3,516,087 All incoming resoiirccs and re8ources expeThded derive froin Colltinuing actsvities. The noies on pages 9 to 14 fottn part of the financial ststenKnts.
Pa8¢ 8 CLORE TIKVA SCIIOOL FOIINDATION BALANCE SHEET AS AT3L AUGUST 2015 Unrestrtet¢d Restrleted FILn¢Js 2015 TotRI 2024 Tolal Notes VIXED AssfTS TonBible io 1,512 3,279,973 3281,485 3.342.415 CURiLfNI' ASSE7'S Debior8 Cash al bank and hi hId li 2,930 171.593 2.930 196,840 4,617 195,610 25,247 174,523 25.247 199.770 21M)227 CREDITORS AmounL¥ falling due within one ytrar 12 {5,4671 120,000) 125,4671 126,555} CURREf4TL8SET3 169,056 5.247 174,303 173,672 TOTAL ASSLPTS LEI SS CURRENT LIABILITIES 170,568 3.285,220 3,455,788 -3,516,087 T ASSETS 170.568 3.285220 3,455,788 3.516.087 FIINDS Ullrestiict fund8.' Gcneral fund D¢sisnal¢d fuj 13 153,9321 224,500 144,2701 214,500 170,568 3,285,220 170,230 3,345,857 Rrotrlcted fi¥ J'OTAL Fuf4DS 3,455.788 3.516.087 For the financial ye&r ended 31 Augusi 202S the coniwiy was ¢lllitleit to exeptioTh frotn audit utukr Section 477 of the Compllnies Act 2006. Th¢ dire¢tors &¢knowlcdgt their YponSIbilIti09 for complysng with the QuiT¢¢ts of th¢ Art with rttpc¢l to CoUntIg rec4)rds the prephrnuon of fiJJanci&l stateme]. The membet3 liave noL rEquifEd th¢ compgny ts) obtfjin lliidit of 115 finHDciHI st4tem¢nts f. the pa4(xi in qu&8tion Ord¢¢ with S¢ctioiJ 476. The¥e finaThciaJ Statents have been pr#pared in 8ceordanee with the provi¥ions appltcable to companies 5ubj¢ct to the small compani¢5 81¢. P D Ilourn¢- Tt¢ Comp*ny Regblrntlon No.. 03437589 The notes on pag¢s 9 to 14 part of these financial 8tatements.
Page 9 CLORE TIKVA SCHOOL FOUNDATION NOTES ID THE FINANCIAL S'I'ATEMKNTS FOR TIIE YKAR KNDI4D 31 AUGUST 2015 ACCOUNTING POLICIES Accounting coavention TIIcs¢ tinun¢ial siatetnents huve b¢¢n PLrpaTed in accordanc¢ with AccoLILltiiig aiid Reporting by Ch&ritir$.. StatL'ii)eiit of Recommended Prwti¢e 8pplicabl¢ to ¢haritl¢S PWP4ring th¢ir aG¢ounts in attordonc¢ with the finan¢ial Rcporting Stsiidard applibI¢ in the UK and Rcpublic ot [reIttd (I,'RS 1021 (effective l January 2019}- IChaTltle5 SORP (VRS 1021), th¢ fillan¢ial REPOrtlng st]dard applicabJE in th¢ UK and Rcpiiblic of Srcland IFRS 1fr21 atld th¢ Companies Act 2006 and Charities Act2011. Clore Tlkya School Foundation nKels the definition of a public benefit enthty under FRS 102. knets ld liabilltie5 are initially reco8nised at histoi'i¢al ¢osier iransaction value Urtle oihen¥ise staled In the r¢l¢vaTh¢ &c¢ountin¥ policy notes. Coing eoncern Thc'fnistCC5 liave conBid¢red the conseqiiences of COVID-19 and otlier events and condttion& and havc denled that th¢y do not u¢it¢ u material unccrtuinty that signfficant doubt upon th¢ tru5t'$ ability to eontiiitu¢ as a going coiiccrn. Reconcilistlon with prevh)u5 Generally Accepted Aeoounting Practl¢e It) PlEparing thc5¢ accounts. tli¢ tNstees have considered whether iii applying die accounting policies required by fRS 102 aiid the Choriti¢s SOIiP FRS 102 the rcstatemrtst of comparntiv¢ itCnL% wa5 4vi. No restatcrnnts wcir rcquir¢d. Incoming resourc lllcojne is rec£ivcd by way of parenlaI contributions doimtions Bnd gifts and is incliidcd in full in the Statcmcnt of Fin4nciAI A¢tiviti¢S wh¢n Tee¢lYabl¢. Gifts donat¢d for r¢saJe ure included as incoinc when th¢y sold. Donated assets are include41 at the value to tlie charity wlier¢ this ¢Jn be quJtt(ifi¢d ld a third party is beorinE the cost. Th¢ Val of setViLf8 provided by volunteers llot been thcluded. GranL8 received ttlAtittg to the following y¢arar¢ d¢ftnYd Whtsl th¢ ¢rit¢ria for in¢om¢ re¢ogniuoll are meL lll¢ome frorn investsnents til included In the Jror In whl¢h it Is receivabk. Re80urces expended Expendilure is accounted foron all aceNa]s ba8is and ha8 been classified uiider headings that aggregdte ajl c05t5 related to di¢ rat¢gory. Wh¢re w515 llt be dii¢ctJy altsibiitrd to particular lieadings they hav¢ bren allout¢d to ¥tsvities on a basis consi81en( wsth the use oeresouree* Tangible ftxtd Assets T4ngibl¢ fixd asKts oth¢rthuii f¢hOld iatld are thted at cosE or valuation less (kpreciatioii. Deplation is provided atthc following anrjual rates in order to MTit6 off ¢arh a58et ovEr its ¢stimatLYl us¢tknl lif¢. Fre¢hold prop¢rty 2Vo Oll ¢OSI FreehoId land Itnprovenients to property FixiuRs and fititllgs Fund accouuting Unrestricted fuiids Can be used in accordance with the charitsble objcclivcs a¢ the distretion of the trustees. D¢signatcd funds (x)mprise unre8tri¢t¢d funds that h&v¢ been s¢t 8sid¢ by the di¢tr¥r$ for Plnned rePAP11rpo8¢$. Restricted fund8 can only be used for particu18r r¢stri¢ted purpos¢8 within the objects of the charity. Restrictions arise when sp¢Gifi¢d bythe donor or wlKn fund5 are rdi8ed for particular restrictcd purposes. 150/0 on reducing balance 25% tsn dUCIngbartrt
P#8e 10 CLORE TIKVA SCHOOL FOUNDATION NOTES TO TFIE FINANCIAL STATEMKNTS FOR THE YEAR ENDED 31 AUGUST 2025 Debtors TTade And other deblor$ 4r¥ reeoBni8¢d at th¢ $I£m¢n( di1¢ aft ny dK5¢QUTIt off¢red. Prepayment5 tILr valued nl the ainoiuil piep#id ttet of ally trade diseounts due. A¢cnL&I illLome And tax tecoverabl¢ iy llicliided Al the st ¢stimate of th¢ al}111 r¢c¢ivable at the balance slKddate. Cayh at baDk in liand C&5h at bfink and ¢8s1i hnnd include9 t4vh and dcpo$il& lield At cftll with banks. CrulltOTS provl8lons Creditors nnd provisions Are iu'o8ni5¥d wliEre th¢ thatity pre¥¥nl obli¥oiion regllliing frum ll past evejit thkit will probably R8iilt in Ili¢ tLfjn¥f¢r of lillids to & IbiLxI pllty QDd the anLIttt due lo ¥dtl¢ the obligalioii can be nali1d or ¢sliInated reliubly. CT¢diiuT¥ and provisioiJ$ aLE normally I981cd at th¢ir s¢ttl¢ni<nl aJ]wuiit aft¢r JllowinB foi Y iL7dc discoiiiits (lii¢. ]IlllJLntio1 lthsti'llincnts 1lic chaiity vnlyhas finaijcial Assets and financiftl lillbilili&8 of a kind tljat qualify *5 bThsic fjnaiicial instniments. Bh$i¢ finalici1 insltw]]ents ar¢ illit1]lY ir¢ogni%cd at ttaiis&clion valiic aiid wlk8cqucnily msl¢d at th¢iT 8ettl¢nrAit valiie i the exception of bjiik loans whi¢h w¢ 7bCqutIY ISUrcd ut w81 u8ing Uic ¢fftetive inlcir¥t nKthod. Thc cliarilyi8 BXa]]pt fiDrrt corrM)Tation tsx on its charitableactlviti. VAlueAdded TRX VAT is n(It r¢cov¢T4bl¢ by the charilyand as such is ineludtd in th¢ r¢l¢v8ntf05t8 in th¢8¢ fliiancial stat¢]13. ILYCOME FROM DONATIONS AND LEGACIES 2024 6,996 3.WO 12,858 75550 ¥,220 27.000 1.3,001 72,360 (h?tkts receId Gift Aid Pfjrental o)ntributiotJ8 98.404 120.581 ot the deferred of £23,000 frojll lagtyear. £3,0(M) wns Spent{ Cubbie )lIal subscription. leaving £20.000 thfwLYd Iv th¢ followingy¢arJ S¢¢nol¢ 12. OTHER TRADING Com 2024 Event soles and futld rnisin 43,647 53.88.1 INVESTMEEff INCOME 2025 2024 DepoSEt accouThl inlerest 4,330 CHARITABLE ACTIVITIES COSTS 2025 2024 Ediication cosly (note 6) Goveijionee L'05ts Inol¢ 71 Clorc'l'ikva School loan wiittcn off Inotc 15) 101360 6,505 92,865 6,317 5.488 107,865 I{.670
Pog¢ll CLORE TIKVA SCHOOL FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 6. EDUCATION COSTS 2025 2024 Edu¢•tsoll di¢1 ¢o$ts 101,360 92.865 The charlty contributed towards the staff ¢o$ts of Clore Tikva Scknol 101.360 92,865 7. GOVKRNANCK COSTS 2025 2024 Accoiiiitancy Book-k¢¢ping VATon govemancc costs 2.854 2,567 ,084 2,771 2,493 1,053 6,505 6,3 17 8. OTHER 2025 2024 Unr¢$tri¢t¢d fund$ Bank chargt5 liiyurance DepiYLiaLio Repairs maintenallce Other donations Security costs Challth & grw jlllw & 5rders Educational donations Ll.vent ¢xpcnses Computercosts School Condition loWance Sundries 120 234 293 1.848 999 234 354 2.335 3.009 591 2.423 2,249 18.344 27,549 10,656 11,283 18 35.208 fv1,202 Kestricted t'unds Grathis spent- Ciibbie S¢tts&ry Hub Ciibbie onnudl sub$ulption Depreciation 17,000 3.000 60,637 60,637 63,637 77.637 9. TRUSTILES, REMUf4ERATION AND BENEFITS There weTe ]]0 Irusteeg r¢tnuncration or other b¢n¢fJts for the )¢ar cnded 31 August 2025 nor for the perlod ¢nded 31 August 2024. Tnistees, Expens TheJ¢ wer¢ llLTr trLL8tcts' expcn5¢9 Paid for thc year ended 31 August2025 llor for thc pcriod t[ed 31 Augu%t 2024.
Peg¢ 11 CLORE TIKVA SCHOOL FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEARENDED 31 AUGU 2025 6. EDUCATION COSTS 2025 2024 Education dir¢ct cost5 01.360 92.865 The charity contributed towurdy the siAff c(tsts ofcioJE TikY&Sthool 101.360 92.865 7. GOVERNANCE COSTS 2025 2024 AccOiTntaY Book-kocping VAT 0th 8ov¢rnan¢e ¢08ts 2.854 2.567 1.084 2,771 2,493 .053 6,505 6.317 OTHER 2024 Unrestrf¢t¢d Thind¥ Bank cliiiBey In¥urnnL DeprlatIoll Repairs and nwinl¢nance 0lherdonatiott8 Securityc08ts Ch•ll•h & gtfjp¢ juice & 8¢dcrs I,AliicttlionÈl donations vciit ¢XP¢liSC8 ComwTteT ¢08ts School Conditioii allow2llee Suthies 120 234 293 1,848 999 784 2.34 354 2333 3.009 591 2,423 4.966 27,549 10,656 11.283 18 2249 18.344 35,208 64.2ff2 nts spent- 1bble S¢nwry Hub Ciibl)i¢ a1Ual ¥iibs¢riytien D¢prgciAtion 17,000 3,000 60,637 60.637 63.637 77,637 TRUSTEES, REMUNERATION AND BENEFITS There were no tni$¢¢¢s' r¢inun¢Mlion or othei. benefits for ilie year ¢nd¢d 3 L ALigust 2025 llor for the period ended 31 AIL8UYt 2024. Ti'ustee$ Expenses ThvT¢weTe tro8tecs' exp¢u6¢spaid for thc swr 6nd¢d 31 AugLL8t 2025 uor for thcpcriod cndcd 3 l August 2024.
Pu8eJ2 CLORE TIKVA SCHOOL FOUF4DATION NOTES TO THE FtNANCIAL STATEMENTS FOR THE YEARENDED 31 AUGUST 2025 10. TANGIBIE FIXED ASSETS Fi'eeliold property Implwemets to property Flxluyes rittings TDta COSTIVALUATION At I Scpt¢tnb¢r 2024 Adclitl0118 4.754932 11.644 21.058 4,799.634 At 31 AIT811512025 4.754,932 23.644 21.058 4,799,614 DEPRECIATION At I September2024 Charge foryear 1.414.322 ,637 22.069 236 20,828 57 1,457219 60,930 At 31 AliBlt 2025 1,474,959 22,305 20,885 1,518,149 NET BOOK VALUE At 31 All78t2025 1,279,973 1,-139 173 3.281,485 Al 31 Auyist 224 3,340,610 1,575 230 -1.342.415 Included in CD4tory•luHtion of laiui and buildiTW Is fr¢¢Jiold lotld of£l.721.046. 11. DEBTORS: AMOUNTS FALLING DUE TH[N ONE YEAR 2025 21ll4 Oifi Aid rec¢ivable PLrpa5rynent 2,713 217 2,254 2.930 4.617 12. CREDITORS AMOUNTS FALLING DiIE wrrHIN ONE YEAR 202S 2014 AcciiLEas d¢feir¢d incoii Grznl 5,467 20,000 23,000 25,467 26,555
Page 13 CLORE TIKVA SCHOOL FOUNDATION NOIES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 13. MOVKMENT IIY FVNDS Net mov¢m¢nt I runds Trnn$f¢r$ b¢twttn funds At V912024 At 3118n5 Unr¢5tricted fund5 G¢nernl fiitkd Dcsigiialed fuj 144,2701 214.500 338 (10,000) 10,000 {53,9321 224.500 170230 338 170.568 Restricted fund8 Re5trict¢d fimds 3,345,857 16Q,6371 3.285220 T(YfAL FUNDS 3,516,087 160,2991 3.455,788 N¢t mov¢mcnt in fi]nd4 includ¢d in the obovc 8rc frs Follows.. Intoming resourt Resources exp¢nded Movement in fund$ Unrt4trlcttd funds General Fiind 143,411 143,073 338 Restricted fullds Restri¢t¢d funds 3,000 63,637 {60,6371 TOTAL FUNDS 146,411 206.710 160,2991 14. COIYTINCEIYT LIABILITIES Donations were recLived during the 2002 and 2003 fjnancial years from th¢ Clore DiTl¢Id F'oulldation totalling £600,000. T114 amount would b¢coiT)t paYabl¢ iii th¢ ¢v¢nt orth¢ School Closing pr ¢tasing to fimction & Jewish $Gho01 and is swiircd by wayof a legal ¢harg¢ agaiD$t th¢ fr¢¢hold prop¢riy. IS. RELATED PARTY DISCLOSURES At the balancc 8hcct datc dic ch8rityW&8 owcd £nil byclorc Tikvaschool. 16. CONTROLLING PARTY The coinpally d0¢5 nothavc a controlling pgty.
Pagc 14 CLORE TIKVA SCHOOL FOiINDATION NOTES TO THE FINANCIAL STATEM&NTS FOR THE YEAR EDIDED 3J AUGUST 202.5 17. COMPARATIVE STATEMENT OF IqNANCIAL ACTIVITIES FOR THE YTAR ENDED 31 AUGUST 2024 unre5ts.icte Fiillds Re%tt.Ic¢e Futtds Tot#] 2024 P4ote5 INCOME FROM: Donotions and Icgu¢ie 103,581 I7.(0 120.581 tllveslthenlg 4,330 Toknl 161.794 17,IXJO 178,794 EXPENDITURK ON.. Cknriloble activities Other 104.670 64.202 104.670 l41,839 77.637 TotAI 168,872 77,637 246,509 etmovement in tsllils 17.078) 160.6371 (67,715) 3,58.1.802 TotHI fun(l$ bi'ought foiryYArd 177,-308 3,406.494 TOTAL FUNDS CARIUED FORWARD 170,230 3,345.857 3,516,087