COMPANY REGISTRATION NUMBER: 3839008
CHARITY REGISTRATION NUMBER: 1080482
CLASSQUOTE LIMITED
Company Limited by Guarantee
Financial Statements
31 March 2024
COHEN ARNOLD
Chartered accountants
New Burlington House
1075 Fincbley Road
London
NWII OPU

CLASSQUOTE LIMITED
COMPANY LIMITED BY GUARANTEE
Finaneial Statements
Year ended 31 March 2024
Pages
Trustees, annual report (incoryorating the director's report)
Ito4
Independent auditor's report to the members
5t08
ststement of financial activities (including income and expenditure
account)
Statement of fllH]cial position
10
Notes to the fllwicial statements
Ilto18

CLASSQUOTE LIMITED
COMPANY LIMITED BY GUARANTEE
Trustees, Annual Report Oncorporating the Director's Report)
Year ended 31 Mareb 2024
The trustees, who are also the directors for the pu￿SeS of company law, present their report and the
financial statements of the charity for the year ended 31 March 2024.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered charity name
Charity registrntion number
Company registration number 3 839008
Principal office
80A Darenth Road
London
N16 6ED
Classquote Limited
1080482
Registered office
New Burlington Hous¢
1075 Finchley Road
London
NWII OPU
The trustees
Mr S Berger
Mrs D Berger
Mr G Berger
Mrs S Grunzweig
Mrs D Berger
Cohen Arnold
Chartered accountants & statutory auditor
New Burlington House
1075 Finchley Road
London
NWII OPU
Company secretary
Auditor

CLASSQUOTE LIMITED
COMPANY LIMITED BY GUARANTEE
Trustees, Annual Report Oncorporating the Director's Report) (eonttnuedj
Year ended 31 March 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Charity is constituted as a Company Limited by Guarantee and as such, its governing documents
are its Memorandum and Articles of Association.
The day-to-day affairs of the Company are administered by the Trustees whose Chairnian is Mr S
Berger. None of the Trustees have any beneficial interest in the Charity.
It is not currently the intention of the Trustees of the Charity to appoint new Trustees. Should the
situation change in the future, the Trustees will apply suitable recruitment training and induction
procedures.
Group Structure and Relationships
The Charity has the following non-charitsble operating subsidiaries:
Percentage
Holding
I OOO/o
CompaDy
Classville Limited
Classwell Limited
Registration No.
02725771
10468391
Nature of Business
Property Investment
Property Investment
OBJECTIVES AND ACTIVITIES
The Charitable Company is established to further those purposes both in the United Kingdom and
abroad recognised as charitable by English Law. In furtherance of the aforementioned objects, the
Charitsble Company receives income mainly from charitable receipts, which it utilises in the provAsion
and distribution of grants and donations that fall within in the objectives of the Charitable Company. It
has concentrated its activities in giving grants to institutions that focus on the relief of poverty and the
advancement of education and religion.
The charity's principle activity throughout the year was the provision and distribution of donations and
grants to organisations, and no change is envisaged in the immediate future.
The trustees confimi that they have ￿ferred to the guidance contsined in the Charity Cornmission's
general guidance on public benefit when reviewing the charity's aims and ObJ￿tiVeS and in planning
future activities and setting the grant making policy for the year.
Grant Making Policy
Grants are made to charitable institutions and organisations which accord with the objects of the
Charity.
The trustees are approached for donations by a wide variety of charitable institutions operating all over
England. The trustees consider all requests which they receive and make donations based on the level
of funds available.
ACHIEVEMENTS AND PERFORMANCE
During the year the charity continued to pursue its philanthropic objects in support of educational,
religious and other charitable organisations. Income from donations and investments aggregated
£340,955. Total reSoU￿eS expended were £370,046.
Grants and donations in the year totalled £348,320 (2023: £320,300).

CLASSQUOTE LIl￿TED
COMPANY LIMITED BY GUARANTEE
Trustees, AnnuAI Report (Incorporating the Director's Report) (c0ftlin￿dj
Year ended 31 March 2024
FINANCIAL REVIEW
The financia] results of the charity's activities for the year to 31 March 2024 are fully reflected in the
attached Financial Ststements together with the Notes thereon.
The financial position of the Charitable Company is satisfactory.
Reserves Policy
It is the policy of the Charitable Company to maintain unrestricted funds, which include the free
reserves of the charity, at a level which the trustees consider appropriate, taking into account the future
commitments of the charity and the likely costs of the charity for the next year. At 31 March 2024 the
charity had unrestricted funds aggregating £8259,726.
As at 31 March 2024, the charity had reserves of £43,946.
PLANS FOR FUTURE PERIODS
The Charitable Company plans to continue the activities outlined above in the forthcoming years
subject to sutTi¢ient income and in and in accordance with their grant making policy.
TRUSTEES, RESPONSIBILITIES STATEMENT
The trustees, who are also directors for the pu￿oSe$ of company law, are responsible for preparing the
trustees, report and the financial statements in accordance with applicable law and United Kingdom
Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the charity trustees to prepare financial statements for each year which give a
true and fair view of the state of affairs of the charitable company and the incoming resources and
application of resources, including the income and expenditure, for that period.
In preparing these financial statements, the trustees are required to:
select suitable accounting policies and then apply them consistently.
observe the methods and principles in the applicable Charities SORP.
make judgments and accounting estimates that are reasonable and prudent.
prepare the financial statements on the going concern basis unless it is inappropriate to presume
that the charity will continue in business.
The trustees are r¢sponsible for keeping adequate accounting records that are sufficient to show and
explain the charity's transactions and disclos¢ with reasonable accuracy at any time the financial
position of the charity 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 charity and hence
for taking reasonable steps for the prevention and detection of fraud and other irregularities.

CLASSQUOTE LIMITED
COMPANY LIMITED BY GUARANTEE
Trustees, Annual Report (Incorporating the Director's Report) (eonlinued)
Year ended 31 March 2024
AUDITOR
Each of the persons who is a trustee at the date of approval of this report confimis that:
so far as they are awarc, there is no relevant audit infonnation of which the charity's auditor is
unaware" and
they have taken all steps that they ought to have taken as a t￿st¢¢ to tnake themselves aware of
any relevant audit infonnation and to establish that the charity's auditor is aware of that
inforniation.
The auditor is decmed to have been re-appointed in accordance with section 487 of the Companies Act
2006.
SMALL COMPANY PROVtSIONS
This report has been prepared in accordance with the provisions applicable to companies entitled to
the small companies exemption.
The trustees, annual report was approved on .
trustees by:
. and signed on behalf of the board of
Mrs D Berger
Charity Secretary

CLASSQUOTE LIMITED
COMPANY LIMITED BY GUARANTEE
Independent Auditor's Report to the Members of Classquote Limited
Year ended 31 March 2024
OPINION
We have audited the financial statements of Classquote Limited (the 'charity') for the year ended
31 March 2024 which comprise the stat¢ment of financial activities (including income and expenditure
account), statement of financial position and the related notes, including a summary of significant
accounting policies. The financial reporting framework that has been applied in their preparation is
applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial
Reporting Standard applicable in the UK and Republic of Ireland {United Kingdom Generdlly
Accepted Accounting Practice).
In our opinion the financial statements:
give a true and fair view of the state of the charity's affairs as at 31 March 2024 and of its
incoming resources and application of resources, including its income and expenditure, for the
year then ended.
have been properly prepared in accordance with United Kingdom Generally Accepted
Accounting Practice.
have been prepared in accordance with the requirements of the Companies Act 2006.
BASIS FOR OPINION
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK))
and applicable law. Our responsibilities under those standards are further described in the auditovs
responsibilities for the audit of the fmancial 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
stst¢ments 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 th¢ financial statements, we have concluded that th¢ truste¢s' use of the going concern
basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have perfornled, we have not identifIed any material uncertainties relating to
events or conditions that, individually or collectively, may ￿st 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.

CLASSQUOTE LIMITED
COMPANY LIMITED BY GUARANTEE
Independent Auditor's Report to the Members of Classquote Limited {ctIn￿M￿¢dj
Year ended 31 March 2024
OTHER INFORMATION
The other inforniation comprises the infonnation included in the annual report, other than the financial
statements and our auditor's report thereon. The trustees are responsible for the other infonnation. 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
infonnation and, in doing so, consider whether the other infonnation is materially inconsistent with
the financial statem¢nts 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 deterniine whether there is a material misstatement in the financial ststements or a material
misstatement of the other infom]ation. If, based on the work we have perfonned, we Conclude that
there is a material misstatement of this other infornlation. we are required to report that fact.
We have nothing to report in this regard.
OPllYlONS ON OTHER MATTERS PRESCRIBED BY THE COMPANIES ACT 2006
In our opinion, based on the work undertaken in the course of the audit:
the inforn]ation given in the trustees, report for the financial year for which the financial
statements are prepared is consistent with the financial statements. and
the trustees, report has been prepared in accordance with applicable legal requirements.
MATTERS ON WHICH WE ARE REQUIRID TO REPORT BY EXCEPTION
In the light of the knowledge and understanding of the charity and its environment obtained in the
course of the audit, we have not identified material misstatements in the trustees, report.
We have nothing to report in respect of the following matters in relation to which the Companies Act
2006 requires us to report to you if, in our opinion:
adequate accounting records have not been kept, or returns adequate for our audit have not been
receiv￿ from branches not visited by us" or
the financial statements are not in agreement with the accounting records and returns. or
certain disclosures of trustees, remuneration specified by law are not made; or
we have not received all the inforniation and explanations we require for our audit. or
the trustees were not entitled to prepare the financial statements in accordance with the small
companies regime and take advantage of the small companies, exemptions in preparing the
directors, report and from the requirement to prepare a strategic report.

CLASSQUOTE LIMITED
COMPANY LIMITED BY GUIIRANTEE
Independent Auditor's Report to the Members of Classquote Limited (conlinued)
Year ended 31 March 2024
RESPONSIBILrrIES OF TRUSTEES
As explained more fully in the trustees, responsibilities statement, the trustees (who are also the
directors for the purposes of company law) are responsible for the preparation of the financial
statements and for being satisfied that they give a true and fair view, and for such internal control as
the trustees deterniine 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 ￿nCern basis of accounting unless the trustees either intend to liquidate the charity or to cease
operations, or have no realistic alternative but to do so.
AUDITOR'S RESPONStBILITIES FOR THE AUDIT OF THE FINANCL4L STATEMENTS
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole
are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that
includes our opinion. Reasonable assurdnce is a high level of assurance, but is not a guarantee that an
audit conducted in accordance with ISAS (UK) will always detect a material misstatement when it
exists. Misstatements can arise from fraud or error and are considered material if, individually or in
the aggregate, they could reasonably be expected to influence the economic decisions of users taken
on the basis of these financial statements.
Irregularities, including fraud, are instsnces of non-compliance with laws and regulations. We design
procedures in line with our responsibilities, outlined above, to detect material misstatements in respect
of irregularities, including fraud. The extent to which our procedures are capable of detecting
irregularities, including fraud is detailed below:
We obtained an understanding of the legal and regulatory frameworks that are applicable to the
group through discussion with the management and identified which were most significant with
respect to the financial statements. We identified Companies Act 2006 (including associated
regulations), Charities Act 201 I, Charities SORP (FRS 102), Financial Reporting Standard l 02,
Taxation Laws and Regulations, The Landlord and Tenant Act and Health & Safety Regulations
as being most significant to these financial statements. We Communicated these identified
frameworks amongst our audit team and remained alert to any indications of non-compliance
throughout the audit. We ensured that the engagement team had sutTicient competence and
capability to identify or recognise non-compliance with laws and regulations.
We discussed with the directors and senior management the policies and procedures regarding
compliance with these legal and regulatory frameworks.
We assessed the susceptibility of the company's financial statements to material misstatement
due to non-compliance of legal and regulatory frameworks, including how fraud might occur, by
enquiry with the directors and senior management during the planning and finalisation phases of
our audit and using proprietary disclosure checklists. This was detennined to be low.
Based on this understanding we designed our audit procedures to identify non-compliance with
the identified legal and regulatory framework, which were part of our procedures on the related
financial statement items. Our procedures included reviewing the company's internal controls
policies and procedures, reviewing the minutes of board meetings and correspondence with
regulatory bodies including HMRC, testing transactions outside the nornial course of the
business and journal entries, and discussions with the directors and senior management.

CLASSQUOTE LIMITED
COIVIPANY LIMITED BY GUARANfEE
Independent Auditor's Report to the Members of Classquote Limited leonilnued)
Year ended 31 March 2024
Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have
detected some material misstatements in the financial statements, even though we have properly
planned and perfornled our audit in accordance with auditing standards. FOT example, the further
removed non-compliance with laws and regulations (irregularities) is from the events and transactions
reflected in the financial statements, the less likely the inherently limited procedures required by
auditing standards would identify it. In addition, as with any audit, there remalned a higher risk of
non-detection of irregularities, as these may involve collusion, forgery, intentional omissions,
misrepresentations, or the override of internal controls. We not responsible for preventing
non-compliance and cannot be expected to detect non-compliance with all laws and regulations.
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.uklauditorsresponsibilities. This description
fonns part of our auditor's report.
USE OF OUR REPORT
This report is made solely to the charity's members, as a body, in accordance with Chapter 3 of Part 16
of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charity's
members those matters we are required to state to them in an auditorfs report and for no other pury￿Se.
To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than
the charity and the charity's members as a body, for our audit work, for this reporL or for the opinions
we have fomed.
Asher Sternlicht (S¢nior Statutory Auditor)
For and on behalf of
Cohen Arnold
Chartered accountants & statutory auditor
New Burlington House
1075 Finchley Road
London
NWI I OPU

CLASSQUOTE LIMITED
COMPANY LIll￿TED BY GUARANTEE
Statement of Finaneial Activities
(including income and expenditure account)
Year ended 31 March 2024
2024
2023
Unrestricted
funds Total funds Total funds
Note
Income and endowments
Donations and legacies
Investment income
324,000
16,955
324,000
16,955
322,000
12,196
Total income
340,955
340,955
334,196
Expenditure
Expenditure on raising funds:
Investment management costs
Expenditure on charitable activities
Total expenditure
(14,870)
(14,870)
(3,384)
(355,176) (355,176) (326,780)
(370,046) {370,046) {330.164)
Net gains on investments
12
330,000
330,01)0
50,000
Net income and net movement in funds
300,909
300,909
54,032
Reconciliation of funds
Total funds brought fonvard
Total funds carried forward
7,958,817
7,958,817
7,904,785
7,958,817
8,259,726
8259,726
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The notes on pages I I to 18 form part of these financial ststements.

CLASSQUOTE LIMITED
COMPANY LIMITED BY GUAII4NTEE
Statement of Financial Position
31 Marcb 2024
2024
2023
Note
Fixed assets
Investments
15
8230,000
7,900,000
Current assets
Debtors
Cash at bank and in hand
16
1217
42.729
1,217
69,960
43,946
71,177
Creditors: amounts falling due
within one year
Net current assets
17
(14220)
(12,360)
29,726
58,817
Total assets less current liabilities
8259,726
7,958,817
Funds of the charity
Unrestricted fvnds
8259,726
8259,726
7,958,817
Total eharity funds
18
7,958,817
These financial statements have been prepared in accordance with the provisions applicable to
companies subject to the small companies, regime.
These fiiiaiicial statements were approved by tlie board of trustees and authorised for issue on
Jq:. .4).2¥and are signed on belialf of the board by:
MrSBe
Trustee
er
The notes pages 11 to 18 form part of these financial statemen
io

CLASSQUOTE LIMITED
COMPANY LIMITED BY GUARANfEE
Notes to the Financial Statements
Year ended 31 March 2024
General inforniation
The charity is a public benefit entity and a private company limited by guarantee, registered in
England and Wales and a registered charity in England and Wales. The address of the register¢d
ofifice is New Burlington House, 1075 Finchley Road, London, NWI I OPU.
Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial
Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of
Recommended Practice applicable to charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities
SORP {FRS 102)) and the Companies Act 2006.
Accoullting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the
revaluation of certain financial assets and liabilities and investment properties measured at fair
value through income or expenditure.
The financial statements are prepared in sterlin& which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Consolidation
The charity is not required to Prepare consolidated accounts in accordance with the Charities Act
2011, and has taken advantage of the option not to prepare consolidated financial statements
contained in Section 398 of the Companies Act 2006 on the basis that the charity and its
subsidiary undertakings comprise a small group.
Judgements and key sources of estimation uncertainty
In the application of the company's accounting policies, the trustees are required to make
judgements, estimates and assumptions about the carying amounts of assets and liabilities that
are not readily apparent from other sources. The estimates and associated assumptions are based
on historical experience and other factors that are considered to be relevant. Actual results may
differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to
accounting estimates are recognised in the period in which the estimate is revised if the revision
affects only that period, or in the period of the revision and future periods if the revision affects
both current and future periods.
The valuation of investment properties is inherently subjective, depending on many factors.
including the individual nature of each property, its location and expected future net rental
values, market yields and comparable market transactions. Therefore the valuations are subject to
a degree of uncertainty and are made on the basis of assumptions which may not prove to be
accurate, particularly in periods of diificult market or economic conditions.

CLASSQUOTE LIMITED
COMPANY LIMITED BY GUARANTEE
Notes to tbe Finaneial Statements feoKii#ued)
Year ended 31 March 2024
Accounting policies (continued)
Taxation
The Charitable Company is not liable to direct taxation on its income as it falls within the various
exemptions available to registered charities. The subsidiary undertakings are subject to
Corporation Tax but it is expected that their income will be gifted for charitable purposes and
should be exempt from taxation.
Notwithstanding the above, deferred tax is recognised in respect of all timing differences present
in the non-charitable subsidiary undertakings. Unrelieved tax losses and other deferred t&x assets
are recognised to the extent that it is probable that they will be recovered against the reversal of
deferred tax liabilities or other futhre taxable profits. Deferred tax is measured using the tax rates
and laws that have been enacted or substantively enacted by the reporting date that are expected
to apply to the reversal of the timing difference.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the
charity's purposes.
IDeomiDg resources
All income is included in the statement of financial activities when entitlement has passed to the
charity, it is probable that the economic benefits associated with the transaction will flow to the
charity and the amount can be reliably measured.
Income from donations or grants is recognised when there is evidence of entitlement to the gifL
receipt is probable and its amount can be measured reliably.
Resources expended
Expenditure is recognised as soon as there is a present obligation committing the Charity to pay
out resources, it is probable that a transfer of economic benefits will be required in settlement and
the amount can be measured or estimated reliably.
Grants payable are only recognised in the accounts when paid.
Investment management costs
Investment management costs include costs relating to the investment properties on an accrual
basis.
Support costs
Support costs are those costs which are common to all areas of the organisation. These are
allocated across all areas of activity on the basis of the number of service users for each activity.
Governance costs
Governance costs are associated with the governance arrangements of the charity and relate to
the general running of the charity. These costs include audiL legal advice for Trustees and costs
associated with meeting constitutional and statutory requirements such as the cost of Trustee
meetings and the preparatlon of the statutory accounts.
12

CLASSQUOTE LIMITED
COMPANY LIMITED BY GUARANTEE
Notes to the Finaneial Statements (conlinued)
Year ended 31 March 2024
Accounting policies (confinuedj
Investments
Unlisted equity investments are initially recorded at cost, and subsequently measured at fair
value.
Investment property
Investment properties are recognised initially at cost.
Subsequent to initial recognition -
Investment properties whose fair value can be measured reliably are held at fair value. Any
gains or losses arising from changes in the fair value are recognised in the profit and loss
a￿OUnt in the period that they arise. and
No depreciation is provided in respect of investment properties applying the fair value
model.
Investment property fair value is detern]ined by the Trustees, based on their understanding of
property market conditions and the specific property concerned, using a sales valuation approach,
derived from recent comparable transactions and market yields, adjusted by applying discounts to
reflect status of occupation and condition.
Impairment of fixed assets
A review for indicators of impairnient is carried out at each reporting date, with the recoverable
amount being estimated where such indicators exist. Where the carying value exceeds the
recoverable amount, the asset is impaired accordingly. Prior impairn)ents are also reviewed for
possible reversal at each reporting date.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the
contractual arrangemenL as either financial assets, financial liabilities or equity instruments. An
Uity instrument is any contract that evidences a residual interest in the assets of the Company
after deducting all of its liabilities.
The Charity has financial assets and financial liabilities of a kind that qualify as basic financial
instruments. Basic financial instruments are initially recognised at transaction value and
subsequently measured at their settlement valu¢.
Trade and other debtors are recognised at the settlement amount due. Prepayments are valued at
the amount prepaid. Creditors and provisions are rewgnised where the company has a present
obligation resulting from a past event that will probably result in the transfer of funds to a third
paty and the amount due to settle the obligation can be measured or estimated reliably. Creditors
and provisions are nomially recognised at their settlement amount.
Limited by guarantee
The charity is a Company Limited by Guarantee and has no share capital. The liability of each
Member in the event of winding up is limited to £1.
13

CLASSQUOTE LIMITED
COMPANY LIMtTED BY GUARANTEE
Notes to the Financial Statements feonttnued)
Year ended 31 March 2024
Donations and legacies
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Donations
Donations received
324,000
324.000
322,000
322,000
Investment income
Unrestricted Total Fund8 Unrestricted Total Funds
Funds
2024
Funds
2023
Income from investment properties
Interest receivable
16,500
455
16500
455
12,100
96
12,100
96
16,955
16,955
12,196
12,196
Illv￿tmellt management costs
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Investment property outgoings
14,870
14070
3,384
3,384
Expenditure on charitable activities by fund type
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Alleviation of poverty. advancement
of education and religion
Support costs
348.320
6,856
348J20
6,856
355,176
320,300
6,480
320,300
6.480
355,176
326.780
326,780
Expenditure on charitable activities by activity type
Grant
funding of
activities Support costs
Total funds
2024
Total fund
2023
Alleviation of pov¢rty, advanccment
of education and religion
348,320
6,856
355,176
326,780
14

CLASSQUOTE LIMITED
COMPANY LIMITED BY GUARANTEE
Notes to the Financial Statements (collrinued)
Year ended 31 March 2024
10. Analysis of support and governance costs
2024
2023
Auditors remuneration
Other govcrnancc costs
6,540
316
6,180
300
6,856
6,480
11. Analysis of grants
2024
Grants to institutions
United Talmudical Associates Ltd
Friends of Mosdos Torah Veyira
Trustwell Lim ited
Kahal Chasidim Bobov
Amud Hatzdokoh Trust
J & R Charitsble Trust
British Friends of Mosdos Tchernobel
Shaarei Tzedakah
UTRY
Yesamach Levav
Meir Hatorah
Friends of Be'er Avrohom Slonim
Hachzokas Torah Vechesed Charity
Yetev Lev London Jerusalem Trust
Other donations less than £5,000
82,460
62,000
30.000
22,000
13,740
8,000
7,000
6,000
6,000
5570
SJOO
5,000
s,000
5,000
85250
Total grants
348J20
All grants and donations were paid to charitable institutions for the purposes of the provision of
education. advanccmcnt of Jewish Religion and relief of poverty.
12. Net gains on investments
Unrestricted Total Funds Unrcstricted Total Funds
Funds
2024
Funds
2023
Gains/(losses) on investments in ￿0Up
UDdertakings
330,000
330,000
50,000
50,000
13. Staff costs
There were no employees during the year.
15

CLASSQUOTE LIMITED
COMPANY LIMITED BY GUARANTEE
Notes to the Financial Statements (conliKued)
Year ended 31 March 2024
14. Trustee remuneration and expenses
No trustees have been paid any remuneration or received any other benefits from the Charity.
15. Investments
Shares in
Investment
group
properties undertakings
Total
Fair value
At l April 2023
Additions
Revaluations
150,000
7,750,000
7,900.000
330,000
330,000
At 31 March 2024
150,000
8,080,000
8230,000
Impairnient
At l April 2023 and 31 March 2024
Carrying amount
At 31 March 2024
150,000
8,080,000
8,230,000
At 31 March 2023
150,000
7,750,000
7.900,000
All investments shown above are held at valuation.
Investment properties
The Company's investment PTOPerty was valued by the trustees at 31 March 2024 based on the
trustees, understanding of property market conditions and the specific property concerned using a
sales valuation approach, derived from recent comparable transactions on the market, adjusted by
applying discounts to reflect statu5 of occupation and condition.
In the event of the realisation of the company's investment propety at an amount equal to the
valuation recorded in the financial statements. no liability to corporation tax on chargeable gains
would arise because it is anticipated that all realised surpluses from the sale of investments will
be applied for charitable purposes and thcrcforc will k exempt from corporation tax.
The historical cost of the properties is £120.555 (2023: £120,555).
16

CLASSQUOTE LIMITED
COMPANY LIMITED BY GUAII4NTEE
Notes to the FiDaDcial Statements (continued)
Year ended 31 March 2024
IS. I￿v￿tMents (continued)
Shares in group undertakings
The Charity directly held l OOO/ts of the issued share capital in Classville Limitcd and Classwell
Limitcd which are incorporated in Great Britain and registered in England. The capital and
reserves and profit and loss of the Subsidiary undertakings for which Group Accounts have not
bccn prepared under the exemption conferred by Section 398 Compallies Act 2006 are as
follows:
Aggregate capital and reserves
2024
2023
Classvillc LimTtcd
Classwell Limited
7,943,945
142,261
7,639,980
122,410
RetaiDed profit for the year
2024
2023
Classville Limited
Classwell Limited
303,965
19,851
27,908
23,260
16. Debtors
2024
2023
Prepayments and accrued incorne
1217
1,217
17. Creditors: amounts falling due within one year
2024
2023
Other creditors
14220
12,360
18. Analysis of charitable funds
Unrestricted funds
At
l April 2023
Gains and At 31 March
losses
2024
Incomc Expenditure
Gcncral funds
7,958,817
340,955
(370.046)
330,000
8259,726
At
l April 2022
Gains and At 31 March
losses
2023
Income Expenditure
General funds
7,904,785
334,196
(330,164)
50,000
7,958,817
17

CLASSQUOTE LIMITED
COMPANY LIMITED BY GUARANTEE
Notes to the Financial Statements (conrfinued)
Year ended 31 March 2024
19. Anatysis of net a&sets between funds
Unrestricted Total Funds
Funds
2024
Investments
Cu￿¢llt ass¢ts
Creditors less than l year
8,230,000
43,946
(14,220)
8230,000
43,946
(14220)
8259,726
Net assets
8,259,726
Unrestricted Total Funds
Funds
2023
Investments
Current assets
Creditors less than l year
Net assets
7,900,000
71,177
(12.360)
7,958,817
7,900,000
71.177
(12,360)
7,958.817
20. Related parties
i) Donations received includes donations aggregating £293,000 which were received during the
year from the subsidiary companies.
ii) Donations received includes donations aggregating £31,000 which were received during th¢
year from Companies connected with the trustees of the Charitable Company. No restrictions
were attached to any donations received.
18