COMPANY REGISTRATION IYUMBER: 3839008 CHARITY REGISTRATION NUMBEIL. 1080482 CLASSQUOTE LINrrED Company Limitsd by Guarantee FinaDcial Statements 31 March 2025 COHEN ARNOLD Chartered accountants New Burlington House 1075 Finchley Road London NWII OPU
CLASSQUOTE LIMITED COMPANY LIMITED BY GuARNTLE Financial Statements Year ended 31 March 2025 Pages Trustees, annual report (incoryorating the director's report) Ito4 Independent auditovs report to the members 5t08 Statement of financial activities (including income and expenditure account) Statement of financial position 10 Notes to the financial statements Ilto18
CLASSQUOTE LIMITED COMPANY LIMITED BY GUARAIYTEE Trustees, Annual Report (Incorporating the Directorls Report) Year ended 31 March 2025 The trustees, who are also the directors for the purposes of company law. present their report and the financial statements of the charity for the year ended 31 March 2025. REFERENCE AND ADMINISTRATIVE DETAILS Classquote Litnited 1080482 Registered charity name Charity registration number Company registration number 3839008 Principal office 80A Darenth Road London N166ED Registered office New Burlington House 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 GUARAIYTEE Trustees, Annual Report (Incorporating the Director's Report) (conllmued) Year ended 31 March 2025 STRUCTURE, GOVERNANCE AND MANAGEMENT The Charity is Constited as a Company Limited by Guarantee and &s such, its governing documents are its Memorandum and Articles of Association. The day-to-day affairs of the Cornpany are administered by the Trustees whose Chairman 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-charitable operating subsidiaries: Percentage Holding Company 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 puryoses both in the United Kingdom and abroad recognised as charitable by English Law. In furtherance of the aforementioned objects, the Charitable Company receives income mainly from charitable receipts, which it utilises in the provision and distribution of grants and donations that fall within in th¢ objectives of the Charitable Company. It has concentrated its activities in giving grants to institutions that focus on the relief of povety and the advancement of education and religion. The chariws prknciple activity throughout the year was the provision and distribution of donations and grants to organisations, and no change is envisaged in the immediate ture. The tThtees confirni that they have referred to the guidance contsined in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives 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 tteeS 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 ¢ducational. religious and other charitable organisations. Income from donations and investments aggregated £308,535. Total resources expended were £285,133. Grants and donations in the year totalled £273,470 (2024: £348,320).
CLASSQUOTE LIMITED COMPANY LIMITED BY GUARANTEE Trustees, Annual Report nCOrpOrAting the Director's Report) (eonllnued) Year ended 31 March 2025 FINANCIAL REVIEW The financial results of the Chty'S activities for the year to 31 March 2025 are fully reflected in the attached Financial Statements together with the Notes thereo 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 rcserves of the chaTity, at a level which the trustees consider appropriate, taking into account the fvture commitments of the cEwity and the likely costs of the charity for the next year. At 31 March 2025 the charity had unrestricted funds aggregating £8,383,128. As at 31 March 2025, the charity had free reserves of £60,988. PLANS FOR FUTURE PERIODS The Charitable Company plans lo continue the artivities outlined above in the forthcoming years subject to sufficient income and in and in accordance with their grant making policy. TRUSTEES, RESPONSIBILITIES STATElktENT The trustees, who also directors for the purposes of company law, are responsible for preparing the trustees, report and the financial statements in accordance with applicable law and United Kingdom AoUntIng Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the charity trustees to Ppare 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; preparc the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The tteeS are responsible for keeping adequate accounting records that are sufficient to show and explain the charity'5 transactions and disclose 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 r¢asonable steps for the prevention and detection of fraud and other IegulaTities.
CLASSQUOTE LIMrrED COMPANY LIMITED BY GUARANTEE Trustees, Annual Report (Incoryorating the Director's Report) fcoRlin#ed) Year ended 31 Mareh 2025 AUDITOR Each of the persons who is a tntee at the date of approval of this report confmns that: so far as they are aware, there is no relevant audit infornlation of which the charity's auditor is unaware. and they have taken all steps that Ihey ought to have taken as a trustee to make themselves aware of any relevant audit information and to establish that the charity's auditor is aware of that infomation. The auditor is deemed to have been re-appointed in accordance with section 487 of the Companies Act 2006. SMALL COMPANY PROVISIONS This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemptio The truth¢s' annual report was approved on 23 January 2026 and signed on behalf of the board of trustees by: Mrs D Berger Charity Secretary
CLASSQUOTE LIMITED COMFAIYY LIMITED BY GUARANfEE Independent Auditorls Report to the Members of Classquote Limited Year ended 31 March 2025 OPINION We have audited the financial statements of Classquote Limited (the 'charity') for the year ended 31 March 2025 which comprise the statement of financial activities (including income and expenditure account), statement of financial position and the related notes. including a summary of significant accounting policies. Thc 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 Generally Accepted Accounting Practice). In our opinion the financial statemcnts: give a true and fair view of the state of the charity's af1rS as at 31 March 2025 and of its incoming resources and application of resource5, including its income and expendlture. for the year then ended; have been properly prepared in accordan¢¢ with Unit¢d Kingdom Generally Accepted Accounting Practice. have been prepad in accordance with the requirements of the Companies Act 2(X)6. 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 audito$ 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 oiher ethical responsibilities Rn 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 ttees, use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have perfornied, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may Gast significant doubt on the chaTity's ability to continue as a going concem for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of th¢ trstees with respect to going concern described in the relevant sections of this report.
CLASSQUOTE LIMITED COMPANY LIMITED BY GUARANfEE Independent Auditor's Report to the Members of Cl&ssquote Limited (etsnllnued) Year ended 31 March 2025 OTHER INFORMATION The other inforniation comprises the inforniation included in the annual Kport, 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 docs not cover the other inforniation and, except to the extent otherwise explicitly stated in our report, we do not express any forni of assurance conclusion thereon. In connection with our audit of the financial Statements, our responsibility is to read the other inforniation and, in doing so, consid¢r whether the other infomiation is materially inconsistent with the financial statement5 or our knowlcdge obtiined in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to detcmiine whethcr there is a material misstatement in the financial statements or a material misstatement of the other inforniation. If, based on the work we have perfomed, 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. OPINIONS ON OTHER MATTERS PRESCIUBED BY THE COMPANIES ACT 2006 In our opinion, based on the work undertaken in the course of the audit: the inforniation given in the tStees, report for the fLnancial year for which the financial statements are prepared is consistent with the fitiancial statements. and the trustees, report h&8 been prepared in a¢¢ordance with applicable legal requirements. MATTEILS ON WHICH WE RE REQUIRED 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 received 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 infomation and explanations we require for our audit. or the trustees were not entitled to prepare the fllwicial 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 LIMtTED BY GUAII4NTEE Independellt Auditor's Report to the Members of Classquote Limited (eonrfllmed) Year ended 31 March 2025 RESPONSIBILITIES OF TRUSTEES As explained more fully in the trustees, responsibilities statement, the trustees (who are also the directors for the pUoseS 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 prepardtion of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the Injstees are responsible for assessing the charitys ability to continue &s a going concern, disclosing, as applicable, matters related to going concem 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. AUDITOR'S RESPONSIBILITIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS Our objectives are to obtain reasonable &8surance about whether the financiat statemenls 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 assutan¢e 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 Lse from fraud or error and are considered mateTial 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 instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined alK)ve, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting IgUlarIties, including fraud is detailed below: We obtained an understanding of the legal and gUlatOry fizmeworks that are applicable to the group through discussion with the management and identified which were most significant with respect to the financial statemenls. We identified Companies Act 2006 (including aSslated regulations), Charities Act 2011. Charities SORP (FRS 102), Financial Reporting Standard 102, T&xation Laws and Regulations, The Landlord and Tenant A¢t 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-cotnpliance throughout the audit. We ensured that the engagement team had sufficient competence and capability to identify or recognise non-compliance with laws and regulatiOn8. 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 w&s detennined to be low. Based on this understanding we designed our audit procedures to identify non-compliance with the identified legal and regulatory frameworL 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 nonnal course of the business and journal entries. and discussions with the directors and senior management.
CLASSQUOTE LIMITED COMPANY LIMITED BY GUARANTEE Independent Auditor's Report to the Members of Classquote Limited (conlimied) Year ended 31 March 2025 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 plann¢d and peTfornied our audit in accordance with auditing standards. For example, the further removd non-compliance with laws and regulations (irregularities) is frotn the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standaS would identify it. In addition. as with any audit, there remaiiied a higher risk of non-det¢ction of irregularities, as these may involve collusion, forgery, intentional omissions. misrepresentations. or the override of internal controls. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and rcgulations. A further description of our responsibilities for the audit of the financial statements is l(Kated on the Financial Reporting Council's website at www.frc.org.uklauditorsresponsibilities. This description fornis part of our auditor's report. USE OF OUR REPORT This rep)rt 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 rnight state to the charity's members those matters we are required to stat¢ to them in an auditovs report and for no other purpose. To the lIest extent perniitted 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 report, or for the opinions we have fonned. Asher Sternlicht (Senior Statutory Auditor) For and on behalf of Cohen Arnold Chartered accountants & statutory auditor New Burlington House 1075 Finchley Road London NWII OPU 23 January 2026
CLASSQUOTE LIMITED COMPANY LIMJ tTED BY GUARANTEE Statement of Financial Activities (including income and expenditure account) Year ended 31 March 2025 2025 Unrestricted funds Total funds Total funds 2024 Nots Income and endowments Donations and legacies Investment income 293,000 15,535 293,000 15,535 324,000 16,955 Total income 308,535 308,535 340,955 Expenditure Expenditure on raising funds: Investment management costs Expenditure on charttable activities Total expenditure (4,990) (4,990) (14,870) (280,143) (280,143) (355.176) (285,133) (285,133) (370,046) Net gains on investments 12 100,000 100,000 330.000 Net income and net movement in funds 123,402 123,402 300,909 Reconciliation of funds Total funds brought forward Total funds carried forward 8,259,726 8,383.128 8,259,726 8,383,128 7.958,817 8,259,726 The statement of financial activities Ancludes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The notes on pages 11 to 18 form part of these finaneial statements.
CLASSQUOTE LIMITED COMPANY LIMITED BY GUARANTEE Statsment of Financial Position 31 March 2025 2025 2024 Note Fixed assets Investments 15 8J30,000 8.230,1)00 Current assets Debtors Cash at bank and in hand 16 1,217 59,771 1,217 42,729 43,946 60,988 Creditors: amounts falling due within one year 17 (7,860) (14,220) Net current assets 53,128 29,726 8,259.726 Total assets current liabilities 8,383,128 Funds of the charity Unrestricted funds 8?83,128 8?83,128 8.259,726 8.259,726 Total charity funds 18 These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies, regime. These financial statements were approved by the board of trustees and authorised for issue on 23 January 2026, and are signed on behalf of the board by: MrSBer Trustee The notes on pages 11 to 18 form part of thes¢ financial 5titements. io
CLASSQUOTE LIMrfED COMPANY LIMITED BY GUARANTEE Notes to the Financial Statements Year ended 31 March 2025 General information 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 registered office is New Burlington House, 1075 Finchley Roa Londo NWI I OPU. Statement of compliance These financial statements have been prepared in compliance with FRS 102, 'The Financiaj Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of Recommended Practice applicable to charities preparing their accounts in accordance witli the FiT)ancial Repoiting Standard appl icable in the UK and Repiiblic of lTeland (FRS 102) (Charities SORP (FRS 102)) and the Companies Act 2006. Accounting 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 ChItIeS Act 2011, and has taken advmtage 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 w)licies, the trustees are required to make judgemenls, estiinates and assuinptions about the carrying amounts of assets and liabililies 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 Televant. Adual 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, OT in the period of the revision and future periods if the revision affects both current and tUre 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 comp8fdble 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, partiCullY in periods of difficult market or economic conditions.
CLASSQUOTE LIMITED COMPANY LIMITED BY GUARANTEE Notes to the Financial Statements (eon¢thued) Year ended 31 March 2025 Accounting policies (eonilnued) Taxation The Charitable Company is not liable to direct t&xation on its income as it falls within the various exemptions available to registered charities. The subsidiary undertakings are subject to CorpoTation Tax but it is expected that their income will be gifted for charitable purpos¢s and should be exempt from taxation. Notwithstanding the above, defeffed tax is recognised in respect of all timing differences present in the non-ch&Titable subsidi8ry undertakings. Unrelieved tsx losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future 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 exp¢ded to apply to the rcveisal of the timing difference. Fund accounting Unrestricted funds are available for use at the dis¢tion of the trnstees to further any of the charity's pury)oses. Incoming resources All in¢ome 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 granls is recognised when there is evidence of entitlement to the gift receipt is probable and its amount can be measured reliably. ROurceS expended Expenditure is recognised as soon &8 there is a present obligation committing the Charity to pay out resources, it IS PTobable that a transfer of economic benefits will be required in settlement and the amount can be Meured or estimated reliably. Grants payable are only recognised in the accounts when paid. Investment management costs Inveslment 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 Cach activity. Governance costs Governance costs are SoCIated with thc governance arrangements of the charity and relate to the generdl running of the charity. These costs include audit, legal advice for Trustecs and costs associated with meeting constitutional and statutory requirements such as the cost of Trustee meetings and the preparation of the statutory a¢counts. 12
CLASSQUOTE LIMrrED COMPAIYY LIMITED BY GUARANTEE Notes to the Financial Statements (conlinued) Year ended 31 March 2025 Accounting policies (eortliAMed) Investments Unlisted equity investments are initially orded at COSL and subsequently measured at fair value. Investment property Investment properties are recognised initially at cost. Subsequent to initial recognition - Investment properties whosc fair value can be measured reliably are held at fair value. Any gains or losses arising from changes in the fair value recognised in the profit and loss account 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 deterniined by the Trustees, based on their understanding of property market condition5 and the specific propety 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. Impairnient of fixed assets A review for indicators of impaim]ent is carried out at each reporting date, with the recoverabl¢ amount being estimated where such indicators exist. Where the carying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impainnents also reviewed for possible reversal at each reporting date. Financial instruments Financial instruments are classified and accounted for, according to the substance of the contrnctual arrangement, as either financial assets, financial liabilities or equity instruments. An equity 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 Sets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially rwognised at transaction value and subsequently measuted at their settlement value. Trade and other debtors are recognised at the settlement amount due. Prepayments are valued at the amount prepaid. Creditors and provisions are recognised wher¢ the company has a present obligation resulting from a past event that will probably result in the transfer of fimds to a third paty and the amount due to settle the obligation can be measured or estimated reliably. Cr¢ditors and provisions are nornially 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 LIMITED BY GUARANfEE Notes to the Financial Statements (contlntled) Year ended 31 March 2025 Dollations and legacies Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Donations Donations received 293,000 293,000 324,000 324.(M)O Illvestment income Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Income from investment properties Interest receivable 15,000 535 15,000 535 16,500 455 16,500 455 15,535 15,535 16,955 16,955 Investment management costs Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Investment propety outgoings 4,990 4,990 14,870 14,870 Expenditure on charitable activities by fund type Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Alleviation of poverty, advancement of education and religion Support costs 273,470 6,673 273,470 6,673 280,143 348,320 6,856 355.176 348,320 6,856 280,143 355.176 Expenditure on charitable activities by activity type funding of activities Support costs Total funds 2025 Tota] fund 2024 Alleviation of poverty, advancement of education and Teligion 273.470 6,673 280.143 355,176 14
CLASSQUOTE LIlktrrED COMPANY LIMITED BY GUARANTEE Notes to the Financial Statements (conllnued) Year ended 31 March 2025 10. Analysis of support and governance costs 2025 2024 Auditors remuneration Other governance costs 6,360 313 6,540 316 6,673 6.856 11. Analysis of grants 2025 Grants to institutions United Talmudical Associatcs Ltd Friends Of Mosdos Torah Veyirah Kahal Chassidim Bobov Toldos Aharon Trust Ltd Friends Of Yeshiva Daas Sholem Shotz Amud Hatzdokoh Trust British Friends Of Mosdos Tchernobil Hachzokas Torah Vechesed Charity Collel Chibath Yerushalayim, Rabbi Meir Baal Hanes Trust Shaarei Tzedakah Yetev Lev London Jerusalem Trust Other donations less than £5,000 74,300 35,000 34,000 20.000 15.000 030 7,600 6,360 5,000 5,000 58,180 273.470 Total grdnts All grnnts and donations were paid to charitable institutions for the purposes of the provision of educatio advancement of Jewish Religion and relief of poverty. 12. Net gaiDS on investments Unrestricted Total Funds UNestricted Totsl Funds Funds 2025 Funds 2024 Gainsl(losses) on inv¢sttnents in ollp undertakings loo,000 loo,000 330,000 330,000 13. Staff costs There were no cmployees during the year. 15
CLASSQUOTE LIMITED COMPANY LIMITED BY GUARANTEE Notes to the Finaneial Statements (conlirtued) Year ended 31 March 2025 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 vaIue At l April 2024 Additions Revaluations 150,000 .080,000 8230,000 100,000 8,180,000 loo,0 At 31 March 2025 150,000 8,330,000 Impairment At l April 2024 and 31 March 2025 Carrying amount At 31 March 2025 150,000 8,180,000 8.080,000 8J30,000 8.230,000 At 31 March 2024 150,000 All investments shown above are held at valuation. Investment properties The Company's investment propety was valued by the trustees at 31 March 2024 based on the trustees, understanding of propety market conditions and the specific propety concerned using a sales valuation approach, derived from recent comparable transactions on the market, adjusted by applying discounts to reflect slalus of occupation and conditiotL In the event of the realisation of the company's investment propety at an amount equal to the Wdluation recorded in the financial statements, no liability to corporation t 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 Iherefore will be exempt from corporation tax. The historical cost of the properties is £120.555 (2024: £120,555). 16
CLASSQUOTE LIMITED COMPANY LIMITED BY GUARANTEE Notes to the Financial Ststements (colllinmedj Year ended 31 March 2025 15. Investments (confinHedJ Shares in group undertakings The Charity directly held l OOO/o of the issued share capital in Classville Limited and Classwell Limited which are incoryorated in Great Britain and registered in England. The capital and reseeS and profit and loss of the Subsidiary undertakings for which Group Accounts have not been prepared under the exemption conferred by SectlOD 398 Companies Act 2006 are as follows: Aggregate capital and reserves 2025 2024 Classville Limited Classwell Limited 8,030,340 152,773 7,943,945 142,261 Retained profit for the year 2025 2024 CIassville Limited Classwell Limited 86,396 10,512 303,965 19,851 16. Debtors 2025 2024 Prepayments and accrued income 1,217 ,217 17. Creditors: amounts falling due within one year 2025 2024 Other creditors 7,860 14,220 18. Analysis of charitable funds Unrestricted funds At l April 2024 Gains and At31 losses March 2025 Income Expenditure General funds 8,259,726 308,535 (285,133) loo,000 8J83,128 At l April 2023 Gains and At31 losses March 2024 Income Expenditure General lunds 7,958,817 340,955 (370,046) 330,000 8,259.726 17
CLASSQUOTE LIMITED COMPANY LIMITED BY GUARANTEE Notes to the Financial Statements (cothlKuedJ Year ended 31 Mareh 2025 19. AnaIysis of net assets between funds Unrestricted Total Funds Funds 2025 Investments Current assets Creditors less than l year 8,330,000 60,988 (7,860) 8,383,128 8,330,000 60,988 (7,860) 8J83,128 Net assets Unrestricted Total Funds Funds 2024 Investments Current assets Creditors less than l year Iyet assets 8,230,000 43,946 (14,220) 8,259,726 8,230,000 43,946 (14,220) 8,259.726 20. Related partles i) Donations received includes donations aggregating £268,000 which were received during the year from the subsidiary companies. ii) Donations received includes donations aggregating £25,000 which were received during the year from Companies connected with the trustees of the Charitable Company. No restrictions were attached to any donations recelved. 18