**REGISTERED CHARITY NUMBER: 1090040**
## **REPORT OF THE TRUSTEES AND**
## **UNAUDITED FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 30 APRIL 2025**
## **FOR**
## **BEIS YAAKOV LONDON SEMINARY**
Venitt and Greaves Chartered Accountants 115 Craven Park Road South Tottenham London N15 6BL
**BEIS YAAKOV LONDON SEMINARY**
## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025**
|||**Page**||
|---|---|---|---|
|**Report of the Trustees**|1|to|2|
|**Independent Examiner's Report**||3||
|**Statement of Financial Activities**||4||
|**Statement of Financial Position**||5||
|**Notes to the Financial Statements**|6|to|12|
**BEIS YAAKOV LONDON SEMINARY**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2025**
The trustees present their report with the financial statements of the charity for the year ended 30 April 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
The charity was established over 15 years ago in order to provide training and general Jewish ethical and moral education to girls of the Orthodox Jewish faith. It has an intake from both the UK and abroad and caters for students both during the day and for after hour activities.
## **Significant activities**
The financial results of the charity's activities for the period ended 30 April 2025 are fully reflected in the attached financial statements together with the notes thereon.
The charity continues to meet its objectives. The educational achievements during the period were satisfactory.
## **Public benefit**
The trustees confirm their compliance with the duty to have due regards to the Public Benefit guidance published by the Charity Commission when reviewing the Charity's aims and objectives and in planning future activities.
## **ACHIEVEMENTS AND PERFORMANCE**
## **Charitable activities**
The charity received income totalling £692,386 (2024: £646,354) and spent £687,820 (2024: £639,589) on charitable activities.
## **FINANCIAL REVIEW**
## **Principal funding sources**
The majority of income received by the charity during the year under review was received from donations and grants from various institutions and from private individuals.
## **Reserves policy**
The trustees are satisfied with the results for the period.
The trustees do not seek to maintain reserves, other than to ensure that they can continue the activities of the charity.
## **Going concern**
The trustees are confident that are charity will be able to continue operating for the forseeable future.
## **FUTURE PLANS**
There are no plans to change the activities or modus operandi in the foreseeable future.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document, a declaration of trust and constitutes an unincorporated charity.
## **Recruitment and appointment of new trustees**
It is not the intention of the trustees of the charity to appoint any new trustees. Should the situation change in the future, the trustees will apply suitable recruitment, induction and training procedures.
## **Organizational structure**
The charity trustees are actively involved in its affairs on a regular basis. It also has rabbinical advisors as well as both full and part time teaching staffs.
## **Risk management**
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
Page 1
**BEIS YAAKOV LONDON SEMINARY**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2025**
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number**
1090040
## **Principal address**
198 Lordship Road London N16 5ES
## **Trustees**
Mrs L Orzel B Goldstein Y Lock
## **Independent Examiner**
Venitt and Greaves Chartered Accountants 115 Craven Park Road South Tottenham London N15 6BL
Approved by order of the board of trustees on 25 February 2026 and signed on its behalf by:
B Goldstein - Trustee
Page 2
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BEIS YAAKOV LONDON SEMINARY**
## **Independent examiner's report to the trustees of Beis Yaakov London Seminary**
I report to the charity trustees on my examination of the accounts of Beis Yaakov London Seminary (the Trust) for the year ended 30 April 2025.
## **Responsibilities and basis of report**
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
## **Independent examiner's statement**
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
M A Venitt
Venitt and Greaves Chartered Accountants 115 Craven Park Road South Tottenham London N15 6BL
25 February 2026
Page 3
## **BEIS YAAKOV LONDON SEMINARY**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 APRIL 2025**
|30.4.25
Unrestricted
fund
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
409,294
**Charitable activities**
4
Charitable activities
283,073
Investment income
3
19
**Total**
692,386
**EXPENDITURE ON**
**Charitable activities**
5
Charitable activities
687,820
Other
1,800
**Total**
689,620
**NET INCOME**
2,766
**RECONCILIATION OF FUNDS**
Total funds brought forward
137,188
**TOTAL FUNDS CARRIED FORWARD**
139,954|30.4.24
Total
funds
£
362,715
283,594
45|
|---|---|
||646,354|
||639,589
1,560|
||641,149|
||5,205
131,983|
||137,188|
The notes form part of these financial statements
Page 4
## **BEIS YAAKOV LONDON SEMINARY**
## **STATEMENT OF FINANCIAL POSITION 30 APRIL 2025**
|30.4.25
Unrestricted
fund
Notes
£
**FIXED ASSETS**
Tangible assets
10
123,169
**CURRENT ASSETS**
Debtors
11
121,508
Cash at bank
3,740
125,248
**CREDITORS**
Amounts falling due within one year
12
(83,056)
**NET CURRENT ASSETS**
42,192
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
165,361
**CREDITORS**
Amounts falling due after more than one year
13
(25,407)
**NET ASSETS**
139,954
**FUNDS**
15
Unrestricted funds
139,954
**TOTAL FUNDS**
139,954|30.4.24
Total
funds
£
130,505
136,488
7,117
143,605
(107,096)
36,509
167,014
(29,826)
137,188
137,188
137,188|
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 25 February 2026 and were signed on its behalf by:
B Goldstein - Trustee
Y Lock - Trustee
L Orzel - Trustee
The notes form part of these financial statements
Page 5
**BEIS YAAKOV LONDON SEMINARY**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
## **Financial reporting standard 102 - reduced disclosure exemptions**
The charity has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':
- the requirements of Section 7 Statement of Cash Flows;
- the requirement of paragraph 3.17(d).
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **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 audit, legal advice for Trustees and costs associated with meeting constitutional and statutory requirements such as the cost of Trustee meetings and the preparation of the statutory accounts.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 5% on reducing balance Fixtures and fittings - 15% on reducing balance Computer equipment - 25% on reducing balance
## **Taxation**
The charity is exempt from tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **Pension costs and other post-retirement benefits**
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
Page 6
continued...
**BEIS YAAKOV LONDON SEMINARY**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2025**
|**2.**
**DONATIONS AND LEGACIES**
Donations
Grants
Grants received, included in the above, are as follows:
Other grants
**3.**
**INVESTMENT INCOME**
Deposit account interest
**4.**
**INCOME FROM CHARITABLE ACTIVITIES**
Activity
Fee received
Charitable activities
**5.**
**CHARITABLE ACTIVITIES COSTS**
Charitable activities
**6.**
**SUPPORT COSTS**
Management
£
Other resources expended
-
Charitable activities
13,686
13,686|30.4.25
£
378,483
30,811
409,294
30.4.25
£
30,811
30.4.25
£
19
30.4.25
£
283,073
Support
Direct
costs (see
Costs
note 6)
£
£
671,772
16,048
Governance
Finance
costs
£
£
-
1,800
2,362
-
2,362
1,800|30.4.24
£
358,281
4,434|30.4.24
£
358,281
4,434|
|---|---|---|---|
|||362,715||
|||30.4.24
£
4,434
30.4.24
£
45
30.4.24
£
283,594||
|||Totals
£
687,820||
||||Totals
£
1,800
16,048|
||||17,848|
continued...
Page 7
**BEIS YAAKOV LONDON SEMINARY**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2025**
## **7. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 30 April 2025 nor for the year ended 30 April 2024.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 30 April 2025 nor for the year ended 30 April 2024.
## **8. STAFF COSTS**
|Wages and salaries
Other pension costs
The average monthly number of employees during the year was as follows:
Office administration
No employees received emoluments in excess of £60,000.||30.4.25
£
230,113
624
230,737
30.4.25
33||30.4.24
£
196,915
790|
|---|---|---|---|---|
|||||197,705|
|||||30.4.24
25|
## **9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
||Unrestricted|
|---|---|
||fund|
||£|
|**INCOME AND ENDOWMENTS FROM**||
|Donations and legacies|362,715|
|**Charitable activities**||
|Charitable activities|283,594|
|Investment income|45|
|**Total**|646,354|
|**EXPENDITURE ON**||
|**Charitable activities**||
|Charitable activities|639,589|
|Other|1,560|
|**Total**|641,149|
|**NET INCOME**|5,205|
|**RECONCILIATION OF FUNDS**||
|Total funds brought forward|131,983|
continued...
Page 8
**BEIS YAAKOV LONDON SEMINARY**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2025**
## **9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**
|**TOTAL FUNDS CARRIED FORWARD**
**10.**
**TANGIBLE FIXED ASSETS**
Improvements
to
property
£
**COST**
At 1 May 2024
103,150
Additions
-
At 30 April 2025
103,150
**DEPRECIATION**
At 1 May 2024
22,044
Charge for year
4,056
At 30 April 2025
26,100
**NET BOOK VALUE**
At 30 April 2025
77,050
At 30 April 2024
81,106
**11.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade debtors
Other debtors|Fixtures
and
fittings
£
59,571
4,425
63,996
20,930
6,459
27,389
36,607
38,641|Unrestricted
fund
£
137,188
Computer
equipment
Totals
£
£
21,512
184,233
1,925
6,350
23,437
190,583
10,754
53,728
3,171
13,686
13,925
67,414
9,512
123,169
10,758
130,505
30.4.25
30.4.24
£
£
72,658
72,658
48,850
63,830
121,508
136,488|
|---|---|---|
continued...
Page 9
**BEIS YAAKOV LONDON SEMINARY**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2025**
|**12.**|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**||||
|---|---|---|---|---|---|
|||||30.4.25|30.4.24|
|||||£|£|
||Trade creditors|||24,125|32,063|
||Other creditors|||58,931|75,033|
|||||83,056|107,096|
|**13.**|**CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN**||**ONE YEAR**|||
|||||30.4.25|30.4.24|
|||||£|£|
||Bank loans (see note 14)|||25,407|29,826|
|**14.**|**LOANS**|||||
||An analysis of the maturity of loans is given below:|||||
|||||30.4.25|30.4.24|
|||||£|£|
||Amounts falling due between two and five years:|||||
||Bank loans - 2-5 years|||25,407|29,826|
|**15.**|**MOVEMENT IN FUNDS**|||||
|||||Net||
|||||movement|At|
|||At|1.5.24|in funds|30.4.25|
||||£|£|£|
||**Unrestricted funds**|||||
||General fund|137,188||2,766|139,954|
||**TOTAL FUNDS**|137,188||2,766|139,954|
||Net movement in funds, included in the above are as follows:|||||
|||Incoming||Resources|Movement|
|||resources||expended|in funds|
||||£|£|£|
||**Unrestricted funds**|||||
||General fund|692,386||(689,620)|2,766|
||**TOTAL FUNDS**|692,386||(689,620)|2,766|
continued...
Page 10
**BEIS YAAKOV LONDON SEMINARY**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2025**
## **15. MOVEMENT IN FUNDS - continued**
## **Comparatives for movement in funds**
|At 1.5.23
£
**Unrestricted funds**
General fund
131,983
**TOTAL FUNDS**
131,983
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
646,354
**TOTAL FUNDS**
646,354|Net
movement
At
in funds
30.4.24
£
£
5,205
137,188
5,205
137,188
Resources
Movement
expended
in funds
£
£
(641,149)
5,205
(641,149)
5,205|At
30.4.24
£
137,188|
|---|---|---|
|||137,188|
|||5,205|
A current year 12 months and prior year 12 months combined position is as follows:
|**Unrestricted funds**
General fund
**TOTAL FUNDS**|At 1.5.23
£
131,983
131,983|Net
movement
in funds
£
7,971
7,971|At
30.4.25
£
139,954|
|---|---|---|---|
||||139,954|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
||Incoming|Resources|Movement|
|---|---|---|---|
||resources|expended|in funds|
||£|£|£|
|**Unrestricted funds**||||
|General fund|1,338,740|(1,330,769 )|7,971|
|**TOTAL FUNDS**|1,338,740|(1,330,769 )|7,971|
continued...
Page 11
**BEIS YAAKOV LONDON SEMINARY**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2025**
## **16. RELATED PARTY DISCLOSURES**
During the period the charity received fees from Get Set Girls that amounted to £283,073. In addition, as at the balance sheet date Get Set Girls owed the charity £77,740. The charity and Get Set Girls share a common trustee.
During the period the charity reimbursed a trustee £3,500 for expenses paid personally.
Page 12