2024-08-31-accounts

REGISTERED COMPANY NUMBER: 04443267 (England #nd Wales) REGISTERED CHARrrY TrlUMBER.. 1095796 TRUSTEE ' REPORT AND AUDITED FIL¥ANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2024 FOR YAVNEH FOUNDATION TRUST A COMPAIYY LIMI'I"kD BY GUAIL4N'fEE Sieiii Richards Chariered Accounlantg and Sta￿l0ry Audilor 10 Londoii Mews Paddinglon LONDON W2 114Y

YAVSYEH FOUNDATION TRUST TRUSTEES, REPORT FOR THE YEAR EIYDLD 31ST AUGUST 2024 The trlislees wlio urc a15() dircLlor5 of Yavneh Foiindation Tnist (Ibe charitablc con)p8ny) for the purposcs of the Companies Act 2006, present Ihcir i'eporl ii'iih the financial slaienienls ofil)e Charity for the year ended 31 Aug¢isl 2024. Tlie tnist¢¢s Iiav¢ adi)i)led Ilie piovisionb of Aeeoiinling and Repoiliii¥i by Cliarilies.. Stateniei)t of R¥Lominended Practice applicablc to chai'ilies pr¢paiiiig iheii. accounts in accordance wlth thc Financial Reporting Siandard applicablc in the UK and Rcpiibli¢ (It Ir¢land IFRS 102) (efteclive l J&vtiiary 2019}. OBJfi CTIVES AND ACTIVITIES ObjectlVLS lind aLtSvStSes for tlie public benefit Tlie Charity's principal activity is Ihc udvancemcni of religious and secular education. The objccls of the Charily nre to ¥tpply the Charl￿S funds und incom¢ theTeof for such Cl￿nIable purposes ¢onneclcd with Yaviich College Acadeiny I'rust IYCAT) Ilie triislecs shall from liine lo tiin¢ delennine and primurily for the moinlcrtaiice und siipport of YCAT. Th¢ Ii'iisl¢es Lonfirm ihal they hnve r¢f¢￿ed lo the guidance ¢oniAined iii the Cllarily Con)mission's geiieral giiidur)Lc un public ben¢fit and iii parlicular lo 115 supplen)cnlary piiblic benefil 8uidan¢¢ on Jdvancii)g education ivlicii reviewing Ilie Cliai'ily's ainis aiid objcclivcs aiid in planning fuliwe aclivili¢$. S'I'IIATEC.IC REPORT Achlevemcnt Aiid p¢rformaftce Cl)Mrilable aLlivities The Cliarilable ilctivity is Ili¢ pivvibion of fiinding lo assist the advanccmciil Of religioiis and seculur cducalion. Thc Churiiy made contribiilions io Yavncli C(bllege Ac¥demy Trust (YCAT) of £1,202,517 (2023: £1,155.608) which relalr(I Iv voliinlary donation5, Yavneh Givin&i, ITI order 10 SilPPOrt Ilie pupil8' foni)Jl and inlomial Jewisli Stiidies, learning pi'o¥i'4iiiiiies and sccurity costs. I diieatlon performance At Yavneh Collegc. GCSE and A Level resiilts for the siimincr of 2024 iver¢ awArd¢d by ivay of piiblic cxaminuiions. The resLilrs iverc 01118tandin¥ iviil) 85 % ol piipils bein¥ award¢d 8 Lil'dde 5 or above in English and Mail)s al tli¢ ¢tid of Ks4. The piogi'¢ss 8 scor¢ was 0.97. and the Atlaitunciit 8 Score is 61.62 ai KS4. In YAviieli Primaiy School. 930/y of pupils achicvcd the required standard in KSI Phonic5 Tesis. Flnoncial rei'ieiy Flnaiicixl posiilon Tl)e tinancial stalcincnls 81)oiv Ihe lolal incon)ing rcsourc¢s f(?r il)¢ year of £1,213,279 (2023.. £1,456,582). Tlie prin¢ipal 8oul.ces of iii¢oin¢ ur¢ voluntary donations and graiils received as shoivn ui)der Notes 2, 3 aiid 4 of the fiiiai)cial slalemei)Is, Tlie balance shcet sl)OWS satisfactory position iviih undistributed funds amounting to £493,829 (2023.. £839.134). TIIC i'es'li'icied fuiids lolalliii&i £237.037 (2023-. £588,502) for particular projects or a¢tivities are sel out and explained tn Note 13 of the tinancial stalenienfs. Investment policy And objecllves T]ie Cllai'ity is Coininitted lo meeting the funding Tequiremenls of YCAT lo enable it to continue to provide a lligli standard of rclig¥ioiis and secular ¢ducalion. Resei've5 poIi¢y The Inislees do not maintain a reserves policy and monitor available reswrccs a¥ apprvprial¢. Page I

YAVNEH FOUNDATION TRUST TRI),S'I'F.F.S' REPORT FOR THE YEAR Ef*DED 31ST AUGUST 2024 STRA TEGIC REPORT Flnaneiol Yevleiv Golllg cojicer Alier Inaking appr(Jpriale enqi)iries, Ilie Inislees have a reasonable expcclali(In thdl Ihe c.harity lias adeq1￿1¢ resources lo coiitiniie in operational existei?ce for the foreseeable fuDJFe. For tliis reason, it continues to adopl the going cot)ceTn basis iii prcpai'in&T Ihe financial slalemeiils. Prlnelp#l rlsks And uiitertalntles The ChAI'ily has seeii a decrease in Yavn¢li Giving (voluntary doiialions). The Inistees of Ihe Cliarity alon¥ wilh Ille I￿81eeS of YCAT have beeli working to ij)crea￿ the level of donations. The trustees together witli rhc 5cnior Iclldcrs of YCAT continually review the financial position of tlic Cliarity, and ihe Chair of Yavn¢h Foiindalion Trust rcLCiVCS moi)tl)ly Lasli floiv slalemenls whicli are inoni1o￿d #l regular Inistee ineetillgs. itttiire plans The triistees coiilii)u¢ to u¢liv¢ly work Iv maintain and develop the etlios of ili¢ Iwo Ydvneli Schools and io appoint Ilie n)ajority of iriislees of YCA T. T]i¢y al'e also responsible for fundrdising, working logeiher willi ihe Itwlees of YCAT and anagc Ili¢ Loll¢¢tion (If Yavn¢li Giving. STRIJCTUIIL, GOVLRNANCL AND MANAGEMENT Governlng docuiiient Tlie organisalion is a cl)aritable coii)pany liiiiited by guardntee, incorpornlcd on 21 May 2002 and regisl¢i'¢d Js n Chol'ity on 21 May 2002. Tli¢ Cliarity W¢iS ¢¥lablisli¢d as Ihe Herfsmere Jewisli Higli Schuol Ti'iist attd later changed ils name lo Yavncli Collcge Ti'usl 01) ?0 Mar¢li 2(K16 and Iheii lo Yavncli foundalion Tru81 on 16 Jun¢ 2015. Tl)¢ Cliai'ity ivgs eylablished iindei. a Memorandiim of Associaliun thdf Cstdblislied Ihe objecis and powers of the Churilable Coiiipany and 15 governed linder ils Meiii()randiiiii and ArtiLl¥s ol'AbS0¢ialion. ReLrultmcnt And Rppoinlmcnt of Trciv trMstee5 Tlie Dii'ectors ot. Ilie Cliai'ity are also tr1151ees for Ilic pU￿oSe of Charity law and und¢r ilie Charity'% Articles of Association are known as m¢mbei's ol. the Maiiagemeiii Con)miiiee. The power io oppoint ii¢w biisl¢¢s is ve$led in ihe conliniiing Iriislee5. Undcr th¢ rcqiiir¢ni¢nlb uf the Memorandiin) and Ailicles of A&%oLIAlion the Iruslees ale elected lo serve iii)lil they i'¢sigii. At #ll liii)¢s tliei'¢ lias io be a niinin)um of Ihit¢ trnstces. Inlliiction and trainiTrg of neiy triistees Followin&. Jppointmenl, new Iriislees are intr(Klucd iv tli¢ir n¢w role ￿}d given copies of Il)e trust dccd Jnd # giiidc to tlie policies and proG¢diires udopl¢d by Ilie Chai'ily. A niimber of publications froin ille Cl)arity Con)n)issioi) are also provid¢d iiicliidiiig the guidai)ce oil charllies and public bcncfit ¥nd on th¢ advancenienl of educalioii for piiblic bencfil. This cnsiiit& Ilial new tnislees are all'arc of Ilic %cc)pc uf Ihcii. rcsponsibilities iulder (lie CliaTltics Acl. RelalL,d Tlie following entities are related parlies to (he Charity (scc Nolc 14): Yavneh College Acadeiiiy 'fnLsI- A rcbtrislci'¢d charily in ivhich tliere are certain frtislvcs who a￿ also Iruslees of Ilie Charity namely Mr Mi¢l)a¢l Fir¢ston¢ (resigned 7 Oeiober 2024), Mr Ricllard Gilbert and Mrs Roz Levin. Risk ni4nngenient The tiiistees arc rcsponsible for the overseeing of the risks fac¢d by ili¢ Chdrity. Risks are ideiitified, assessed alld conts'ols eslablislied Iliroiigilii>iil tl)L year. A fornial review of Ilie Cliarity's risk mana¥¢menl process is undertaken on an annual basis. Thc trustees 1)ave Conducted a review of th¢ niajor risks lo ivhich ihe Charity is exp05cd, in particular tl?0se relating to its operations and tinan¢¢s and are salisfied Iliat syslcms are in place lo mitigate exposure to the major I'isks. Page 2

YAVJNEH FOUNDATION TIIUST TRUSTEES, REPORT FOR THE YEAR LNDLD 31ST AUGUST 2024 REFfRfiNCE AND ADMINISTRATIVE DETAILS Registei'ed Conipxny number 04443267 {En&Fl<111d uiid Wales) Re#istei'ed Cliai'ity number 1095796 R¢gtsteri.d i)ffice l O Loi)don Mews LONDON W2 IHY Trugtces Mr5 S Nyinaii {rcsigned .311512024) B F. Pcrl (r¢sigFncd 221512024) J S Reback (resigned 41312025) Ms J Gros¢ Mi's S P Isaacs (rcsign¢d 2511112024) Rabbi A Chapper M Firestone (resigned 711012024) R M Gilbert Cliair Mr& R Levin J Pyzer {appoiiited 51312025) Mr¥ C Goldstein (appointed 41212025) Comp8iiy SecretAry Ms 1.1 Frasci. Audltors Stein Richards Chuitcrcd AccoLinlants and Sratiitory Auditor 10 London Mew Paddii)gton LONDON W2 IHY Baiikers Lloyds TSB Bank 296-302 Higpli Holborn Londoii WCIV 7JH STATEMENT OF TRUSTKES, RESPONSIBILITIES Tlie Irust¢¢s (wlio are dlso Ilie directors uf Ymyneh Fuuiidalion Trusi (or the pU￿OseS of company laiy) al'e responsible fTrr pr¢pai'in8 th¢ Trusle¢s' R¢porl and the finaiicial slatemenls li) accoi'dance wilh applicable law and United Kingdom A¢¢oiinling Standards (United Kingdon) Generally Accepled Accouniing Practice). Page 3

YAVNEH FOUNDATION TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 31ST AUC.UST 2024 STATEIMENT OF TRUSTEES, RESPONSIBILITIES- coM¢lniied Coinpany law reqiiires (lie trusiees lo prepare Iinancilil slaten?enls for each fjnancial year ivhich give a triie and fail. vi¢w of the stale of affairs of Ihc charitable company and of tl)e incoming rcsourccs and dpplicalion of resources. incliiding the incojiie and expenditure. of Ilie cliarilable conipaTry for ihal period. In preparing 11105e financial slalciDcnts, Il)e tyuslees arc i'equii'cd to select suiiablc ac¢ounling policics and then apply ihcm consisteiitly; obseive t￿e incthuds and principlcs iii the Charity SORP. Inake jLidg¢iiieiils aiid ¢bliin#les Il)al are redsunable and ptudenl. PI'¢Pgrc th¢ fiiian¢ial sldt¢n)¢i)ts on the going con¢¢rn basis unl¢s¥ il is inappropriate to presume that thc chai'ilable eoinplliiy will ci)iiliniic li) business. Tlie li'iislees air r¢sponsible foi. keeping proper ac¢ounting records which disclose ivitkn r¢asonabl¢ t&￿t1￿cY at any liine the rinancial posilion of the eharilable comparty and (o enable Ilieni lo ensiire that Ilic financial slalciiicnlts ¢()kMply willi Ihe Conipanies Act 2006. Thcy arc also Tcsponsiblc for safeguurding ihc asseis of the charitable company and hence for lakin8 I'easonable slepb for Illc picvciiiion yn(I dclcclivn of fraiid i)n(l oihcr ii'regulai'ilies. In so far as tl)c Irustc¢s ar¢ aware.. tli¢r¢ is no relevbnl audif inforniulion of whickn thc cbarilablc conipaiiy's Avdirors are unaware. and Ilie Inislees liavc laken all slcp.8 Ilial th¢y oiiglil lo liavc taken to inake themselves aware of any Televant aiidit inforiiiation and lo establish that Ilie Audiiors are aware of tllai infornialion. AUDITORS Thc aiidilvrs, Sieiii Richar<ls, will be propobed for r¢-appoinlmenl al the forthcoming Annual G¢Jierul Meeting. Trustees, reporl, incorporaling a strategic report, approvcd by ordcr of Ihc board of trustees. as ihe coiiipany dii'¢¢loi's. on 21 st May 2025 and signed on the board's belialf by: R M Gilbei'l - Tiuslee Page 4

REPORT or THE INDEPENDENT AUDITORS TO THE MEMBERS OF yAV￿,￿.}I FOUtIDA'I"ION 'I'RUST Opiiiioii We liavc aiidiled lh¢ tinancial slaletii¢nl% of Yavn¢h Foundation Tn￿1 (the 'charitable coimpany) for the yeai. ended 315t AiigLlSt 2024 wl)ich compi'ise Ilie Slalemenl of Financial Activiiies, the Stalcmcnl of Finaiicial Position, Ihe Statement of C4511 Flows and notes to the finallcial staiemeiits, llicliidiDg a sumillary of sigiiificant accoui)ting policies. Tlie financial reportiiig fi'aniewoi'k th¢lt lias been ¢tpi)lied iii tl)eir pi'epardlion is applicable law and United Kingdom ALcounling Siandards (Uiiited King(lom Genei'ally Accepted Accounling Practice}. li) our opinion the financial statements: give ¢1 li'u¢ and t.air view of the slale of Ihe charitable company's affairs as at 3 Isl Au&rust 2024 and ot ils incoming rcsoiirccs and applicalion of resources, incliiding its iii¢om¢ aiid exp¢ndilure. for ihe year then cnded., havc becll pi'vperly pi'epared iii ti¢cord31)ce iviih United Kiiig(lom Geiiei'ally Accepted Accounting Practice; and l)ave been pi'Lpaied in accordance iviih Ilie reqiiircmenlg ol'ihe CornpttniLs Ael 2006. Basls for oplnion We conducted our audit in occordan¢¢ with Inl¢riiationo1 Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities Lindcr those s141ndaids are liirther described in the Aiiditoi's. responsibilitlcs for tbc uudil of Ilie financial slalemenls section lif oiir r¢i)Iirl. WL. are inclependenl of Ilie chariiable coinp&ny li) accoi'd#n¢¢ iyiih tlie eiliical I'cquii'cInciils that are relevant lo our audii of the financial slatemeiits ITh ihe UK, includiiig th¢ FRC'.4 Iihicul Siaiidard, and Ive Iiavc liilfill¢d uiiy oihcr eihi¢al responsibilities in accordance wilh Iliese requircinLnls. We believe Ihat the audit cvidencc we liave obtained is siiljJ¢ieiil aiid appropriate to provide a basis for our opinion. Concliision5 1'Llglin¥ to going ¢on¢¢rn In audiling the fii)aiici81 stateiii¥t)ts, we have concluded that tli¢ truste¢s' us¢ of th¢ going Concern basis of accounling in the pr¢paTllliurt ot"Ilie tinancial stalLinenls is appropriate. Base<l on the ivork we llave pcrfonncd. wc littve nol idenlified any nial¢rial iincertainlies relating lo cvenls or Lonijilions Ilial, individually oi. ¢oll¢¢lively, niay cast significanr doubi 01) the charilablc company's ability 10 eoniirtue as a goiiig conccrn for a i)ei'iod of at leasl twelve n)onths from when Ihe financial sloiemcnlb air ¢iiiihoi'ised for issiie. Oui. i'esponsibilities and the responsibilitics of Ihc InL¥lcey with respeci to going concern are de5crib¢d in Ihc rcl¢vanl seLlior)s of this report. Otlier Inforinalioii Tl)c IruslL'es are respoiisibl¢ for Ili¢ oilier iiilorm8liun. The oiller inloimalion comprises Ilie infoniiatioii includcd in th¢ Ai)iiuo1 Report. othcr thai) Il)e fiiiaiicial stuieiii¢i)ts ai)d our R¢pori of ihe liidLpendeiii Audilors Ihercoii. Oiir opinioi) on Ilic financial slalenienls does not cover ihe oiher infornialion 811￿ ¢x¢¢pl lo tlje extent oiliei'ivise explicitly slal¢d in oiir rcport, wc do nul expr¢s¥ any forn] of assiirance conclusion tliercon. In conii¢ctioii with our audil of the f￿ancIal slalcmcnt5, oiir responsibility is to read the other information and, in doiihg 50, consid¢i' wlieilier (lie oilier inforilialioii is matcridlly inLonsislent with the financial slal¢i))¢nl.s or Diir kiiowl¢d&•¢ obtained in tlie oiidit or othciTrvisc appears to be niaterially rnisstaied. If we idci)tify such materiol iiiconsisleiicies or appai'enl iliatei'ial misslal¢i)i¢iils, we are required lo de¢erniine wheili¢r this givc% ris¥ lo a niaterimj misstalement in ilie financial stateinents tlicmselve8. If, based oil tlie work we havc perfomicd. we conclude Ihal there is a nialcrial inisslalemenl of Illi5 ollier infoi'niation, we are irqiiiicd to report that fact. W¢ have nothing lo rcport in this rcg#rd. Opinioii¥ oil other Inatters prcscribed by the Conip9nles Act 20116 In oiii. opiijioii, based on tlle work uiidcrtdk¢ii in tlhe Col￿Se ol Ihe aiidil: tlie iiiforination given in the TnT5tees' Report for ihe financial ye3r for which the financial statements are prepared is consislcnt witli Il)e fill￿}Cial statements. and Ilie Truble¢s' Report has been prepared iii accordancc wilh applicable legal requirements. Page 5

REPORT OF THE INDEPF.NDF.NT AUDITORS TO THE MEMBERS OF I'AVNEH FOUNDATION TRUST Mattei'.% ivhich we are reqvlred to report by exception Iii Ilie liglit of Ilie knowled8e aiid understandÉng of the ¢harilable company and ils environm¢nl obtaincd in tl)e course of ihc audil, we havc not É(leiilified malcrial misslat¢iiients in the TDJStCC5' Report. We have nothing to i'eport in respect of the followillg mallers wherc the Cornpanies Act 2006 l'eqiiiros us lo repoi't to you if, in our opinion.. ad¢quate accounting records liave not been kcpl or re￿rnS adequate for our audit havc not been received fi'oin braTh¢hes nol visil¢d by us. or tlic financial slatenients arc not in agreeinenl witli the accounting records and retums: or certain disclosiii'es of1Yiist¢¢s' retniirteraiion specificd by law ar¢ iiol made. or w¥ liave not receivcd All Ihe information and explll nalions we require for our audil. Rc5PDnslbllltles off tJ'uste¢s As expla7ned iiiore fiilly ii) Ilie Statement of TrUstcC￿, Ilespoiisibilities. th¢ ttuslees (who are also ihe diTectors of il)e Lhai'ilable company for the piiry)oses of Loiiipany l#w) ure responsible fui. Ihc preparaliun of ilie financial stJt¢meiits and for bcingy salislied Ilial Ilicy bFiV¢ 3 Iiiie and fair vicw. aiid for such inleriial conlrol as the Ini8l¢es delerminc 15 iiecessary lo ¢Tiable the prcpai'alion of financial sthlcnicnls Ilial al'e free from niaierial n)i8slalemenl. wliether due lo fi?ud or ¢nor. In i)repa¥it7g Ili¢ fii)ancial staicincnrs. Ilie Irusl¢es are responsible for assessing Ilic cliaritable company's ability lo continue as a going LOI)¢ein. dis¢losing, ds applicable, Inatlers rcldfcd to going conccin and using thc goiiig ¥onc¢rn basis of a¢Luui)liiig iinles% Ihe Iriislees vitliei intend lo liciiiidaie ili¢ charilable Lompany or io cease operaiioiis, or have no realistic altei'nalivc bul to do so. Oui. re¥ponslbilitie5 roy Ilie aiidit o( the finallci#l slatements Our objcLlives #i'e lo obtain r¢dsoiiable assuyance about whether Ihe financittl slalen)enls as A ivhulL are free from mal¢rial misslaleii)ei)t. whciher due io fraiid or error. and io issue a Report of ili¢ Independenl Audilofs tli81 includcs our opinion. Reabonablc 4lS511rance is a high level of assiirance. biit is not a gL1411'411)t¢e that an 4jiiJit LondiiLled in a¢¢oi'dance with JSAS (UK) will #lways detecl a n)aleri#l ii)isslaten)¢iil ivl)¢n il exisis. Misstalcmcnls can arise froi)I Iraud or errol. and are considei'ed n)atei'ial if, individiially or in the aggreLiat¢. they could reasonably be cxp¢cled lo influeiicc Ihc ccoi)omi¢ dcLi$ions ol. Iiser5 Idkcn un Ihe basis of Ill¢￿ finilnLial sialemenls. The ext¢nt lo ivhich oiir proccdurcs are c&1)able of dctccling ir￿gI11&r1fIcs, including fraud is detailed beloiv.. Ii'iE8iilaiities, including fraud are inslaiices of Thon-coiiipliaiice wilh laws and regulatio1￿. W¢ designed proccdurcs ii) lil)¢ will) oiir responsibilities oiiilined abovc. lo detecl mot¢Tial 1ni58lilemenls in r¢.%peci of irtegularilics, in¢liiding fi'aiid. Aiidit proL¢diir¢s iindei1llkcn in response lo tl)¢ putential risks relating io I￿gI11￿ri11¢s Iwl)ich incliidc fi#Eid and n()i)-conipliaii¢¢ wilh laws and regulalicins) Loiiiprised of.. inqiiiries ofmangg¢iiienl and ihose cliarged with govemance as to whethci. the Chtsi'ity compli¢s with SLich laws and r¢giilations- enquiries with the sanic conceinin&' any a¢tuol oi. poleiitial liligalii)n or claim5. inspcLtiun ol. relevaiit legiil correspondencc; revieiv of Mislecs minules; testing Ilic approprialeness of ciiiries in thc noiiiiTial l¢dger, iiicludiA)g jounial eiitries- rcviewing transactioiis aroLind Ihe end of lh¢ r¢poi'lii)g pei'iod; aild the i)ei'fonnanLC of Analytical procedurcs lo idenlify iincxpected nioveinenls in acco¢ini balaDces wliich Inay be indicativc of rraud. No instances of ii)ul¢riiil non-cotnplianc¢ iver¢ iderÈlified. Howeyer. Ilie lik¢lil)oi?d of delecling irr¥8ulai'ilie5, incliiding fi'aiid, is limited by Il)c inl)erenl ditriculty in delecling irrcgularilies, Ilie effcclivcnesq of Ilie entity'5 Colitrols, and Il)e nahire. liiiiii)g and ext¢nl of th¢ audit procedur¢s pejfomied. Irrcguliirities ihal rcsiilt from ftaiid niigl)I bc inh¢i'¢ntly rnoi'e diffiLult to detect Élian irregiil&rities Ilwt T¢siilI tTom error. As explained al)ove. there is an iinavoidable I'isk that matei'ial misslulem¢iits may not bc d¢tect¢d, even though the audit bcen plant)ed and perfonned in accordance with ISAS {UK). A further description of our responsibilitics for the audit of th¢ financiul slal¢n)¢nts is located on the Fiiiancial Rcporting Coiii)cil's website ill www.fTC.org.uk/audtlorsr¢sponsibilities. This description fomis part of our Rq)ort of the Independent Aiiditors. Page 6

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF I'AVNF.H FOUP'DA TION TRUST Use of our report T]iis i'eport is made 501cly lo tlic chaiitablc company's mernbcrs. as a body in accordaJi¢e ivitli Chapter 3 of Part 16 of tlie Cotnpanies Act 2006. audit ivowk has bccn undei1akcn so tl)at w¢ Iijigiht state 10 Ilie cliarilablc con)pai)y's iiieinbeis Ili()s¢ in#tl¢i¥ ￿ are i'¢qiiii'ed to slale to ih¢ni iii an Judilors, reporl and Eor iio oilier piirpose. To tl)e liillesl exlenl pemiilled by laiv, we do not a¢¢epl or assiime responsibiliry lo anyone oih¢r than the chariiablc company and the charitable ¢ompuny'8 illctnbers body, tiTrT UIIT audil work. I'or this r¢purt. or lor ih¢ upinions we have forjjied. Robei'l Ni,%s¢n F.C.A. (Senior Siatulory Auditor) for and on behalf of Sleiii Richards Ch(Irl¢i'ed Accoiiiilanls and Siallilory Aiiditor l O Londoii Mews Paddingtoii LONDON W2 IHY 2151 May 2025 Pag¢ 7

YAVNEH FOUNDATION TRU,ST STATEfvIENT or FtNANJ CIAL ACTIIIITIF.S INCORPORATIING INCOiIIE AYD EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31ST AUGLST 2024 31.8.24 Totgl funds 31.8.23 Tolal nds UDreslricled fiind Re5trictcd fimds Notcs IF4COME AND ENDOWMENTS fROM Donations and legacies 6.160 891,439 897,599 947,331 Cliarilablc Mctlvlties Dei)artmenl ot Ediicaiiun 96,761 96,761 217,340 Other inci)iiie 218 919 218 919 421,911 Total 6,160 1,207,119 1213 279 14S6 582 I XPLNDITURE ON ClIAritable actlvSt5es Yaviieh Coll¢ge Academy Tiusl YRvn¢h Fouiidalion TNst 1.$50,124 1,550,124 1,624,331 10,860 $58,S84 1558 584 1,635,191 NVT INCOMEI(EXPENDITURE) 6.160 (351,463) {345,305) (178,609) CONCILIATION OF FULYDS T(Ital funds broiighi fonvard 250,632 588,502 839,134 .017.743 TOTAL FUNDS CARRIED FORWARD 256 792 237,037 493 829 839,134 Tlie notes forn) part of thes¢ finanLial s141cm￿lIS Pagc 8

YAVNEH fouNDATION TRUST REGISTERED NUMBER: 04443267 STATEMENT or FINANCIAL POSITIOT4 31ST AUGUST 2024 31.8.24 Total funds 31.8.23 Total ruiids Unrestricte(I fund Restticlcd fiinds Nolcs FIXED ASSII TS Tangiblc assets io 25U,(M)iI 250,000 250,000 CURREI NT ASSETS Debtors Casli at bank 70,996 316,U64 70,996 322,856 68,047 835,259 792 6.792 387,060 3413.852 903,306 CREDITORS Amouiils falling duc iviihin oi)¢ year 12 (150,023) (150,023) (314.172) NET CURRENT ASSETS 237,037 243 829 589.134 TOTAL ASSETS LESS CUIiRENT LIABILITIES 256.792 237,037 493,829 839.134 IYET ASSETS 256 792 237 037 493 829 839 134 FUNDS 13 Uiii'esti'icted fuiids ReslKicled fiinds 256,792 237 037 250,632 588,502 TOTAL FUNDS 493 829 839.134 Tl)e linancial stwlemenls w¢r¢ Jpprvvcd and aiiihorised for issii¢ by Ihe Bo4rd ot Trustees and aiitllorised for issiie i)n 21st May 2025 aiid were sigiied on ils behalf by= R M Gilbei'l - Tru$lee Thc iiolcs forn) part of th¢se financial statements Page 9

Y AVNEH FOUNDATION TRUST STATEMEIN'T OF CASH FLOMIS FOR THE YEAR ENDED 3 1ST AUGUST 2024 31.8.24 31.8.23 Notcs C#sli floivs froni operatiiig attlvitles Cash generated Ironi operalions 15 512,403 95,469 Net cash u5cd in operating actiiritics 512,4113 ChAng¢ In Cash and cash equiv41ent$ In tlie repnrling pcriod Casli Ind casli equlvilents at tl)e beginnlng of tlie I'eportlng period (512,403) (95.469) 930.728 Cash and cash cqiiiv#len¢s at the end of the reportiiig period 322 856 835 259 The notes fol￿ part of these fmancial bldlements P&g¢ 10

YAVNEH FOUNDATION TRUST NOTES TO THE FTNANCIAL STATEi¥.IENTS FOR THE YEAR ENDED 31ST AUGUST 2024 ACCOUNTING POLICIEI S Basis of preparing the financi#l s¢atemenls Tl)e financial slatcmcnls of th¢ charitable ¢ompany, whtch is a public bencfil eiility imder FRS 102. 1)ave been pi'epat'ed in accordance willi ihe Cl)arilic5 SORP (FRS 102) 'A¢¢outitin¥ and Reporting by Charilies: Staleinent of Recon)mended Practice applicablc to ¢harilics preparing their aeeouiiis in accordance with the Financial Reportiiig Slandllrd applicablc iii ihc UK aiid Rei>iiblii ol- Ireland {FRS 102} (effeclive l Jdniiary 2019),, Financittl Reporting Slandai'd 102 'The Financial Rcporling SiandJrd applicable in Ilie UK and Republic of Ir¢land' 8nd die Compani¢s Act 2006. Th¢ fin41u¢ial stat¢m¢nls have beeii pi'epareil under the historical cost convenlion. Yav￿ch Foiii)daiion Tiusl constitutes M public bcnefit enlily as defined by FRS 102. GoinE concei. Tlie financial &tatenicnt¥ have bcen pi'epared on a going concern basis u5 Ihc Iriislees believe Iliat adequale casli resolirces ivill bc availablc l() ¢aver I1)e Cl)arily's requiremenls lor working capilal ¢xp¢ndilur¢ low al least Il)¢ n¢xt tw¢lvc nionilis froni ihe approval of these accounis. Legal slAtiis of tlie chai'ilv Tlie Cliartty is u coinp4111y liiiiited by g¥iiaranlee and has no sbar¢ capital. Liability of each trustee in tlie evenl of winding-lip is liiiiiled lo £1. Ineome All inconie is reco8nised in Ihc St4tcm¢nl of Financial A¢tlVlli<8 once the charity has cnliilement lo the funds, il is pi'objble Ihul Ihe income will be received and the amoiiiil can be ineasured reliably. Thc fulluwin¥ spccific i)olicies are applied io porticiilar Categori￿ of income: Graiils arc incliid¥d in tli¢ Siut¢iiienl of FinDI)cial Aeiivilies on a receivablc basis. The bolJn¢¢ of incot)i¢ I'eeeived f(?r qi)cLitlL piiipo.%es bul nol expended diiring ihe period is shown iii Ilic rclevaiii liinds on Ilie Balance Sheet. Wl)ei'e iii¢oIM¢ is received ii) advance of eniiilement of receipt. ils recu¥iiition is def¢￿ed and inclttded iii creditors as defeiT¢d incomc. Wh¢r¢ ¢ntitl¢m¢nt O¢CLirs before ii)come is received, the incoinc is accrucd. Voluniary iii¢onie is received by the ivay of donations is includcd in fiTII ii) the Siatemeiit of Finattcial A¢tiviiie$ wl)en i'eceivable. Expendlture Liabililies are i'ecognised as expeiidittire as sooii as Il)er¢ is a le¥&1 ur conslriictive obligation committing the Cliarity lo that expendittiiT, it is probable tliat a tron5fer of economic benefils ivill bc rcquir¢d in s¢lll¢m¢nl aiid lh¢ amoiinl ol ilie obligation can b¢ in¢#sur¢cl rcli8bly. Expendiliire is accoiiilled for on ail accriiii15 basi.s dnd l)as bccn clatssilied ulldci. heL)dii)gs that hggregaie all Lost related lo Ihc calcEory. Where Costs cAiii)oi be diitcily allribuled lo pai'liculai. h¢4dings they have been allocated lo aclivilie5 on a basis consisleiil will) Ihe lise ol'resoiirces. All rcsuiirccs cxpendcil arc iiicliisive of irrecovel'able VAT. Cliai'itable activities Cliariiublc aLlivilies expciidititir includes all costs directly relating to the objcctivc of thc Charity and Ili¢ cobts involved %1spporling that work. Govei'nance costs Govci'naiicc c05t5 relate to the cost of audit fees. Tongible fiyed assets Tlie tliT]gibl¢ fixed assets are held at C03t le&s accutnulated dcprecialivii Jiid in)painnent ¢harg¢s. Pagell contiiJLied...

YAVNEH FOUNDATION TRUST NOTF.S Tn T7if. FINANCIAI, STATF.i¥.IENTS - continucd FOR THE Y£IUi ENDED 31ST AUGUST 2024 ACCOUNTING POLICIES - eontÈnued Tgngible fixed assets Depreciation 18 pi'ovidcd Al the following annual rdles in order to wiite off the cost less estimated residiial valiie or caLli as5cI uver ils estimated iisethl life. Freehold property 2•/0 slralglit l•n¢ The IrLlStees deem thc rcsidiiJl Yalu¢ of the Freehold Property io bc ai least equivalcnt to ils cost and so no depreciation lias been provid¥d. TAxafion Tile C.'liarity is exempi from Corporthtion Tax on its charilablc &clivilies. Fund aceountlng Unreslricled funds can bc used ii) g¢¢ordance iviih the chariiablc objcctives ai Ihe discrelioii of Ilie tl'LL%lees. Rcstri¢l¢d fiinds clln only be used for particular rcslricled purposes iviihin Ihe objccls of Il)e cl￿1'1ty. R¢slriclions arise wlien specified by Ihe donor or iyhcn fuIids ar¢ raised lor parliciilar rcsiriLl¢(i pU￿0$e8. Fiirlhci. cxplanation of th¢ nature and purpose of cach fiind is included in the notes lo Ihc finai)cial slatenients. Fin￿￿¢1#1 instriinients Financilll in¥lnimenls are Ll<)ssified and a¢counl¢d for Js ¢iih¢r d¢bi inslmmenls or finan¥iul liabililies. Boih assets and liobilities are all rtie8sured al amorlised cost. DONATIONS AND LEGACIES 31.8.24 31.8.23 Donations Gift Aid 784,368 113,231 820,194 127,137 897,599 947.331 In 2023 thc lolal ii)conie from donalions ond 8ifi Jid were lo restricted funds. Page 12 continiied...

YAVNEH FOUNDATION I'RUST NOTES TO THF FINAYCIAL STATEJTrlENTS - coiilinued FOR TFIE YEAR ENDED 31ST AUGUST 2024 ItYCOMI FROM CHIIRITABLE ACTIVITIES 31.8.24 31.8.23 Activity Deparlment ofiducalion Grnnls 96.761 In 2023 ihe lolal incoI)IL froi)i Lhar&lubl¢ activities were to r¢stricted funds. OTHER INCOME 31.8.Z4 31.8.23 Edii¢ational visils to Poland Ediicational visit lo Isr41cI Ediicalional visit lo Fraiice 86,369 81.320 340,591 J32.550 218,919 421911 CHARITABLE ACTIVITIES COSTS Direct Costs (se nvlc 6) Siipport cosis Iscc nol¢ 7) Totals Yavneh Collcgc ALadcii)y Tnist Yuvnch Fuiii)dalion Trusl ,550,124 1.550,124 8.46 1 558 584 DIRECT COSTS OF CHARITABLE ACTIVITIES 31.8.24 31,¥.23 EdLILalional visils lo Poland Edu¢Jtionpl vi.$il to Isyael F.diiLuliun1¢ I visit lo France Siindry expen5CS Conlribiilions lo YCAT Doiiations in kind Provision for bad d¢bts 85.U57 80,879 360,274 128,172 65 1,202,517 134,313 196 1,155,608 27,374 1.550,124 1624.331 lJ12023 11)e Lharilable aclivilies costs were froni restricted fvnds. Page 13 conlinued...

YAVNEH FOUNDATION TRUST OTES TO THE FINANCIAL STATEMENTS- (Trntinued FOR THE YEAR ENDED 31ST AUGUST 2024 SUPPORT COSTS Govei"nall¢e Yaviieh Foimdalion TrLisI 8,460 Suppoi't Costs. included in tbe above, are as follows- 31.8.24 31.8.23 Yavnch Fouiidation Trust Tolal acliviiies Aiidilors, reiniineralion 8,46 N[IT INCOMEI{EXPCI NDITVRE) Nel iiiconiel(expendittire} is sialed after ¢hargingl(creditii)g)'. 31.8.24 31.8.23 Auditors, ren)Iineralioii 10,860 TRUSTEES, REMUNERATION AND BENEFITS 1.here iverc no trustees, rcinuncralion or oilier bcncfils for il)c ycar cndcd 3 1st August 2024 1)or for rf)c year ended 3 Isl Aiigusl 2023. Tru8tees' expenses Tliere were i)0 Iiuslees, expenses paiil for Ilie year ended 31 August 2024 nor for Ihe year ended 31 August 2023. io. TANGIBLE FIXED ASSETS Fi'eehold Prop¢rty COST Al Isl September 2023 and 31 sl Au8llSt 2024 250 000 NET BOOK VALUE At 31 sl All￿151 2024 250 000 Ai 3 l¥t Aiigusf 2023 250,000 The Freehold Propety is occiipied by a rcsidenl sile manuger and caretaker of YCAT as parl of tlieir employment agi'ecnicnt. Page 14 conlinued...

YAVNEH FOUNDATION TRUST NOTES TO THE FINANCIAL STATEMENTS - continued FOR TIIE YEAR LIYDLD 31ST AUGUST 2024 DEI BTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.8.24 31.8.23 Other debiors Prcpayimenls ¢ind aclrued income 63,530 61,069 6,978 68,047 12. CRCI DITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.8.24 31.8.23 Trade L'redilors Other ci'editoi's Acciiials und defcrred ii)comc 112,032 2,222 35.769 258,828 3.940 150 023 314,172 13. MOVCI MENT IN FUNDS Nel movenienl in funds Transfers bctwe¢n nds Ai 31.8.24 At 1.9.23 Uiires¢rlcted funds Generftl fund 250.632 6,160 256,792 R¢5ti'i¢ted fund$ Jewisli Studies Grants F.ducalivnal visit% li) Pi)lund Peiinies Willi Puiyos¢ Dr. D Col¢Dian M¢nivrial Fund Yavi)el) C'ollcgc classroom Y¥vn¢h Primary S¢hool dvnalion Yavn¢h C()Il¢g¢ improY¢inenls Educatioiial visit to Frail¢¢ 374,371 6,978 {319,6V3) 96,761 1,312 101,963 (96,273) (1,312) 156,731 7,466 1.358 4,765 4,9611 89,053 107.(b17 1,358 (4,765) 4,96U 65,834 688 (10,645) (123,668) (12,574) 17,339 $88 502 351465 237 037 TOTAL FUNDS 839 134 345JDS 493 X2 Page 15 colltiniicd...

YAVNEH FOUNDATION TRUST NOTES TO I'IIE Fif4ANCIAL STATEi¥.IENTS - Lontiniied FOR THE YEAR EINDED 31ST AUGUST 2024 13. MOVEI MENT IN FUNDS - continued Net movement in fiinds, incliid¢d in rh¢ abov¢ are as follows: Incoiniiig TCSOUTces Resc)ur¢es expended Moveineiit in ￿ndS Unrc511'jLtLd Genci'iil fiind 6,160 6.160 Restrlcte(I fiinds Jcwish Siudi¢s Grants Ediicali01191 visits lo Poland Yavneli Primai"y Schuol donatio Yaviieh College iii)provcmcnt Edlicalional visil In Fr#nLe 891,439 96,761 86,369 {1,211,042) (319,603) 96,761 1,312 (10,645) (123,668) 4.378 (8S,OS7) (10,645) (123,668) 128 172 132 $50 1207,119 15S8 584 351,465 'I'o'rAL FUNDS 1,213,279 (1,558,S¥4 345 3OS) CoAnpMrAtlvey for movejnent in funds Net movcincnt in fiiilds Trni)sfers b¢lween fund5 At 31.8.23 Ai 1.9.22 Unrostricted funds General fund 250.632 250,632 Resti'ictcd fuJid$ Jewish StLidies Grant Edu¢alional visils to Poland Edii¢alioi)81 visil lo Isruel Pennies Will) Thirpose Dr. D Coleman Memorial FLind Yavneh CollLgc Classroom Yavneh Primary School donation Yavtieh College iinprovcincnls 515.683 6.579 (219.334) 87,340 442 {19,683) 78,022 (86,941) {442) 9.361 374,371 6,978 10,322 1,358 4,765 4,960 89,053 134 391 1.358 4.765 4,960 89,053 107017 27,374) 767.11 178,609 588 502 TOTAL FUNDS 1.017.743 178 609) 839 134 Page 16 conlinucd...

YAVNEH FOUTrIDATION TRUST NOTES TO THE FINAN'CIIKL STATEMENTS - contlnued FOR TUE YEAR ENDED 31ST AUGUST 2024 13. MOVII MCI NT IN FUNDS - cuntinued Coniparalive iiet movement in fiinds. included in tlie above are as follows.. Incoining rebour¢es Resourccs cxpendcd MDv¢nicrkt tn funds Restricted funds Jewish Sftidies Grants Lducalional visits lo Poland Ediicalioiial visit lo Isracl Yavneli College improvenienls 947.330 87,340 81.321 340.591 {1,166,664) 1219,334) 87,340 442 119,C)83) 127,374) {80.879) (360,274) 27 374) 456 582 ,635.191 178 609 TOTAL FUNDS 1456 582 Name urrund Description, nalure And purpose of the fund Jewish Studies and Yesl)iva Fuiided by voliiiitaiy contrftbulions fron) piipils towards Jewish Sttidies. visits Gi.￿71S Giaiils were ttceived froni the Government's Jewish Comniunity Proleclivc Seciirily IiTrwiir(15 11i¢.scLiirity c()st inLiirred by Ilie Yavneh College aiid Yavneh Primary Scliool. EdLicational visits lo Israel Educational visits ihat are funded either by bursllries or self funded by Ilie pupil5. and Poland PcnnicsWiihPurpose Fund raising a¢livily led by the sludenis wiih Ihe aim of collccling six million peniiies lo be donnied lo good eaiises. Dr. D Col¢mJn M¢inoriul Fund raising activity will) th¢ aim of doiiating to good causcs. Fiind Yaviieh College classrooin Legacy doiiaiion r¢ceived lo piir¢l)ase inlcraclive iyliiie boards. Yavneh Primdry School Donalions from Yavneh parenlslgrandparenl aiid volunlary doners lowards Jewish donation Siiidies. Yovneh College lind roising aclivity willi th¢ aim olcgrrying oul rcpairs and muinl¢nance lo the iniproveii)enli> buildings owned by Yavneli College Acadeiiiy Trusl {YCAT) Ti'Aik$fers between fuiids Grunts rcccivabl¢ froni ihe Government's J¢wish Coinmui)ity Prol¢cliv¢ Security tot811ing £96.273 (2023.. £86,941) were Iransl¢rr¢d lo J¢iYisl) Stiidies reslricted gtanls as these are the secuiity costs iDClllTed by YCAT. Tlie siirpliis on Educational visil to Poland lolalling £1,312 (2023: £442) was lrnnsferrcd to Jewisli Studies restricted graiil.% as previoiisly sliorifalls ivere ftinded from Jeivish Sttidies resiricled grants. Tlie siirpliiy on Educalioijal visil lo France ioialling £4,378 (2023: £nil) was Iransf¢rr¢d lo JewTslI Stiidies reslricled ants as previously shortfalls iverc funded from Jewish Studies i'esli'icled graiits. Dr. D Coleinai) Meniorial Fund balance of £4,765 ivas Iransferred lo Yavn¢h College Improvements Fund to covei. the shoi1fall as per the iialur¢ 8nd PUPT)ose of Ihc fund. this call bc used for any good cause. FuYi)iture pui'chiiscd for tlic Yavneh PrIn￿ry scliool totallin8 £12,574 in ihe pi'evious yeai" should have been ¢ Ilocated againsi YavnLh Pi'iii)ary SLhool doiialion Fund and not against Yavneh Colleg¢ improv¢Tti¢nt Fund.Tliis lias been amended. Page 17 coiitinued..

YAVNEH FOUNDATION TRUST NOTES TO THE FI.N'ANCIAL STATENIENTS - coiilinuod FOR THE YEAR ENDED 31ST AUGUST 2024 14. RELATED PARTY DISCLOSURES YY4vneli College Academy Tr115t YCAT received £1,202,517 (2023 £1.155.608) from ihe Charity. as rcslricted donations. Incliidcd in othcr dcbtoi's is a balance £55,995 (2023.. £39.417) rcccivablc froin YCAT. Thei'e arc cerlaiii common tNsiecs bctwcen YCA T and ihc Cliariry. 15. IILCONCII.IATION OF NET EXPENDITUAIE I'O NET CASH FLOW FROM OPERA'A'ING ACTIVITIES 31.8.24 31.8.23 Net expendIt￿re fnr lh¢ reportlng perlod (As per the Statement of Financial Activities) Adju5tmeiils for: (Incr¢asc)/dcciea5c in dcbrors (DeLI'ease)linLreus¢ in Ll'edit￿[3 (345,305) (178.609) (2,949) 164 149 37,470 45.670 Net cnsli used In opera¢lons 512 403) 95,469) 16. ANALYSIS OF CHAf4GES IN NET FUIYDS Ai 1.9.23 Cash tlow At 31.8.24 Net cash Casli al bank 835 2S9 S12,403 322 8S6 83$ 259 S12 403) 322 856 Total 835 259 512 41)3 322,1156 17. IIIYANCIAL INSTRUMENTS Tl)e finaiicinl dSs¢ls iDeasiii'ed dl ainortiscd cost as 4131 Augusl 2024 arc in tlie sum of £70.996 (2023.. £68,047). Tllis ¢oniprises of oilier debtors and acci'ued incoijie. The fiiiancial liabilili¢s measiir¢d al al￿OnIsed cosl as al 31 Augusl 2024 are in Ilie slim of £ISO,023 (2023.. £314,172). I'hi5 cojnprises of tradc creditor4 other creditors and a￿￿¢d expense5. Page 18