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 GuAR￿NTLE
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 Consti￿ted 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 tTh￿tees 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 t￿￿teeS 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 Ch￿￿ty'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
A￿oUntIng Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the charity trustees to P￿pare 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 t￿￿teeS 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 I￿egulaTities.

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 tn￿tee 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 af￿1rS 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 prepa￿d 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 t￿￿tees, 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¢ tr￿stees 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 t￿Stees, 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 pU￿oseS 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
I￿gUlarIties, 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 aSs￿lated
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 standa￿S 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 Ch￿ItIeS 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, partiCul￿lY 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.
R￿OurceS 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 Me￿ured 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
rese￿eS 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