REGISTEI RED COMPANY NUMBER: 04443267 (Englhnd And Wslesl REGIS'TERED CHARITY NU1B£R. 109S796 TRUSTXES, RCI PORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2112$ FOR VNEH FOUNDATION TRUST A COMPANY LIMITED BY GUARANTEE Stein Rich&l5 Chartered Accountants and Siawtory AlldEIoi' 10 LoLdon Mews PaddÈngton LONDON W2 IHY
YAVNEH VO TRUSTEI ES, REPORT FOR THE YEAR ENDED 31ST AUGUST 2025 Tlie tNStees who ale also dii'eciors of Yavneh Foundaiion Trusi Iihe charitable company) for the purposes of the Companie5 Act 2006. present their report with the financial st&ttincnt5 of Ihe Chaiily for tlie year end¢d 31 August 2025. The tru51¢e51iave adopted the provisions of Accounting and Reportrng by Charitie5'. Statement of Recommen(led Prac14¢e applicable io cliai'itEes prepai'ing their accounti in a¢¢ordan¢e wilh Ilie Financial Reporting Standard applicable ij) tlie UK and Republic of Ireland IFRS 1021 (effeciive l January ?0191. OBJEcfivES AND AcrivtTIES Objective5 RDd actiwities for the publie benefit 'I'he Charity's principal activity is the RdvanCemt of religiou5 and s¢cular eduration. Th¢ objects of the Charity are to apply the Charity's fund5 and income thereof for su¢h ¢hai'iiable purposes connected with Yavneh Colle¥7e Acadeihy Trust {YCATI as the trustees shall from tÈme lo time delerniine and pi'imarily foi. tlie maintenance and 5UPPOrt of YCAT. The rnL81¢es ¢onfirni that Éhey have referred to the guidance contained in the Cliarity Cotnrnission's genA ¥uidance on publi¢ benefit and in paiticiilar lo its siJpplem¢ntary public b¢nefit guidJn¢r on advan¢ing education wlien reviewing the CharEty's aims and objectives and in planning flltvr¢ a¢tiviti¢s. sriL4TEGIC REPORT Athievemeiits gnd performance ChArktAble Aetivities The Charirable activity is the provtsion of funding to assist Ihp advaficement of rEligious and secular Education. The Charjty made contributions to Yavneh College Arndemy Trust IYCAD of £l,116.504 12024= £1,202,517) which tylaied io voluntary donations. Yavneh Giving. in order to sllpport the pupils. fomial alld informal Jewish Studies, lealming pLgraMM£S and secuiiry cos(g. Education performan¢¢ Ai Y&vneh Coll¢¥e, GCSE and A L¢v¢l results lor Ibe suttimer of 2025 were awarded by way of public eXninatiOnS. The results were outstandtng with 8iO/o of pupils beJn¥ awarded a u)I'ade 5 01. above in English and Math5 at the end of KS4. The Attainment 8 Scoir is 61.44 at KS4. In YavtEeh Primary School. 96.P/o of pupi15 achieved th¢ required 51andard in KSI Phoni¢s Teu compared witli the Local Authority average of 81.7/ts. Financi&l review Fiii&nciHI posilio The fInl¢l&l slalernents show the total incomin8 resourees for the ytar of £l.065.937 (2024.. £1,213,279). The principal sources of income ai'¢ voluniaiy donarions and grants received as showm under Notes 2. 3 and 4 of the financial Statements. Tlje balance Sheet shows a s&tisfath)ry w)51tion with undistributed funds amountlDg to E327.781 12024.. £493,829). The restricted funds totailing £77.78112024.. £237,037) foi. particulai. projeds or activities are set out and explained in Note 14 of the financtal statements. Investmefftt poltcy and objectives Tlie Charity is committcd to Eneeting the funding reqiiirements of YCAT io enable li ro continue to provide a l)iTr srandard of religious and scculJr education. Pa¥e I
YAVNEH FOUNDATI IRUSTEES:.REPORT FOR THE YEARENDCI D315T AUGUSt2025 STRATEGIC REPORT 1]nncIal revieiy Reserves policy The trusttes do not maintain a reserves p)licy ad monitor available re50ur¢es as appropriate. Going eomeer Aftej. Enaking appropriate enquiiies. the tru5tee5 liave a reasonable expecia(ioiJ Iliat the Charity ha5 adeqiiale resources to continue opeYation41 ¢xistence for the foiEs¢Eabl¢ futuiE. For this reason. it continues to adopt th¢ going Collcejn basi5 In PTEparing the financial statements. PrincipAI risks and uncertaiiities The Chai'ity has seen a decrease in Yawneli Giving (voluntary donalionsl. The trusteEs of the Chariry along witli Ihe ITLst£es of YCAT have been working to incirase the IEVEI of donations, The tTUStees log¢iher ivith ilie senior leaders of YCAT continually review the fitlancial position of the Charity, and Ihe Chair of Yavneh Foundalioti Trust receives monthly cash flow statements whicli are moniior¢d al regular trustee tneeling5. Futre plans Th¢ trustees ¢onrinue to actively WO lo aintain and dev¢lop the eth05 of the two Yavneh Sch(x)Is and to appoint the tnajority of trusrees of YCAT. They are a150 responsible foi. fundraising. working iogeiher with the trustees of YCA T and manage the ¢ollection of Yavneh Giving. srRUCTURE, GOVERNANCE AND MANAGEMENT Govemltt¥ dotument The orgallisalion is a ¢hai'itabl¢ ¢ompany limited by guaranteE, incoryoraled on 21 laY 2002 and lEgis¢ed as a Cl)arity Oll 21 May 2002. The Charity was established a5 th¢ Heitstnere Jewish High School Trust and later changed its tiatlle to Yavneh College Trust on 20 larch 2006 and then to Yavnch Foundation Tmst on 16 June 2015. The Charity wa5 e5tablish¢d under a Mi emorandutn of Association th&t established the objects and powers of the Charitable Comp&ny and is gov¢rned under its fvletnorandum and Articles of A5$0¢iation. ReeTrwltment HppoItMet of nuv trustees The Dii'eetor5 of the Chariry are also tiustees for the puwse of Charity law and under the Charity's Arricles of Association are know as m¢mbers of the Mi anag¢m¢nt Committee. Tlie poiv¢r to &ppoint new trustees is vested in the continuing trustees. Under ihe requirem¢n15 of the fvIemorandum and Article5 of Associaiion the trustees 81'e elecled to serve until tli¢y resign. At all time5 thei'¢ has io be a niinimllm of three trustees. Inductiort and traiiiirtg olnew trustee5 Following appDTntment, n¢w trustees are iniroduced to their new role and given copies of tiie tiust deed and a guide to Ihe policies and P1CedUreS adopted by the Charity. A number of publie31ions from the Charity Coinmission are also provtded including Ihe guidance on charities and public benefit and on the advancenient of educatioll for publi¢ benefit. This ensuiEs that new trustees are aware of th¢ SCO of their Y£5ponstbilitits under the Charities Act. Relafed pAI'tie5 Thc following entities are related partie5 to the Charity (see Note IS): Yavneh College Academy Trust.. a regisieyed ¢hatity in which (heir are certain ttustees who are also trustees of the Charily naTnely Mr lkn¢hard Gilbert. Mr5 Ruz Levin. Cindy Goldstein l&ppointe(15 Mairh 2025} and Mr Joshua PyzEI' lapp(Jint¢d 2 O¢tober2024}. Pag¢ 2
YAVN H FOUNDATION TRU TRUSTEES, REPORT IUHLYEAR ENDED 31ST AUGIJST2025 STRUCTVRE, GOVERNANCE AND MANAGCI MENT Risk mAnftgement The Iru51ees are responsible for the ov¢iEeeing of Ihe risks faced by the Chai'ity. Risk5 ar¢ identified. assessed an(1 conin)Is esrablished throughout the year. A fomial review of the Cliarity's risk Inanagernen¢ piDcess is undertakeii on an anftual basis. The tru51ees have conducted a i'eview of ihe major risks 14) iyhich the Charity 15 exposed, in paiticular those ielaiing to lis operalions alid finances and are saiisfied ihat systetns are in placE to mitigaie exposure to the major risks. REFERENCE AIYD ADMINISTRATIVE DETAILS Rtgisttr¢d Company number 04443267 (Englalld and Wales) Regi5ttred Charity number 1095796 Registcred offtce 10 London M¢ws LONDON W2 IHY Trustee5 J S Reba¢k (resigned 41J12025) Ms J Grose Mis S P Isaacs (resigned 25111120241 Rabbi A Chapper M Fittsione Iirsign¢d 7110120241 R Gilbert. Chaii. Mrs R LevÈn J Pyzey (Appninted 51_31202f) Mr5 C Goldstcin (appointed 412120251 J May lappoinied 2115120251 Compaiiy Secretary 15 14 Fraser Auditor5 Stein Rich&iYls C.hartcird A¢couD(ants and Statuloiy Auditor 10 London fvIews Paddillglon LONDON W2 IHY Bankers Lloyds TSB Bank 296-302 High Holbom London WCIV7JH Page 3
YAVYEH FOUNDATION TRUST I'RusfEr ES, REPORT IULXEAR EliDED31sfAUGUST2025 STATEMENT OF TRVSTCI ES, RESPONSIBILITIES The tivstees (who at'e a150 the dirEclors of Y3vneh Foundation fiust foi. tlie pujposes of company lawl are Irspon5ible for preparing ihe Trustees, Report and Ihv financial slalenients accoiyjance iyitli Applicable law and United Kingdotn Ac¢tsunling Sland)rds (United KigdoM Generally Accepted Accountlllg Ptacticel. colPanY law requires the trustees to prepare fiTrancial 5tateni¢nls foi. each financial year. Under thai law, the ITUStces IiRve elecled to prepare Ihe financial statements in aEcordan¢¢ with United Icingdotn Genei%lly Accepted Accounting Practice (United KingdL)m Accounlii)g Standalds ond applicable law). Under company law Ihe ¢rustee5 Inust not appi'ove the fjnancial 5tat¢menrs unless they are satisfied that Iliey give a Ii'iie and fair view of the sliil¢ of affairs of the cliariiable company and of the incoining r£soiirce5 and application of resources. including the in¢ome and expenditure. of the chai'ilable company forthat period. In pparIng th05¢ finon¢ial sralement5. the trus*es are required lo select sustable Co[lting policies and then apply IheTn consistently. obseive the methods and principles in the Chayities SORP; make judgements and esiimaies Ihai are tEasonable and PTudent', pIEp¥re the financial slatements on the ¥oing ¢on¢em basis unless it is inappropiiate to pyestsme that the charitable cotnpany ivill Continue in business. Th¢ trustees are responsible for keeping prop¢r accounting CordS whicli disclose with reasonable accurdGy at any time th¢ financial position of th¢ Gharitable company a¢Jd to cnable them io ensure Ih&l the fEnancial 5tateinents coinply wilh the Companies Act 2006. They are $0 irsponsible for iafeguarding Ihe assets of the charitable coinnY and h¢nce foi. taki¥ reasoRabl¢ 51eps for the preventio alld detection of fraud and other irregularities. In so fai. as the ttllstees are aware.. there is no relevllttt audit information of which ihe ¢haiitable company's auditor5 ayE unaiv?re' and the trustecs havc taken all steps thai they ought lo have taken to make themselves aware of any relevant audit infomi)lion and to establish that ihe audiiors are aware of that information. AUDITORS The auditors, Stein Richards, will be prt>P05ed for re-appointment at the foithcoming Annual General Meeting. Tru5t¢P5' report, incoi'porating a strategic report, approved by oider of the boatd of trustees, the company dirttiors. on 19th May 2026 and signed on Ihe b0d,8 behalf by.. R Gilbert- Tnjstee Pa¥e 4
REPORT OF THE IIYDEPEI DEwfAUDITORSTO THE TrIEMBEI RS OF YAVNEH fouNDATION TRUST Opinio We liave audited Il)e tinancial slalement5 of Yavntli Foundation Trust Itlie 'charitable rornpany'l for the year ETrded _31.5t AugiJ.s1 2025 which comprise t1 Siat¢tnent ofFinancial Aclivilie%, Ilie Staiement of FinJnGi)I PnEition, thc Statcment of fa%h Flows and notc% to ih¢ fingttliul 51at¢ments, including a sumniaiy of significant accounting w)licses. The financial reportin8 fiErnewoi'k that has been applied in their preparation i5 applicable law attd Uniied Kingdom A¢¢ouniing Standards Iurtiied Kingdom Generdlly Accepied Accout)ting Pi?¢iicel. In ou¥ opinion the financial stat¢1¢A1S'. gEve a trne and fail. view of the slate of the charitable cotllpany'5 offasrs a5 al i Isl August 2025 and of its Incomtng re50urc¢s and application of re5ource5, Includin£ ils incoine and expenditure, for the yeai. Éhen ended,. have hccn plpcrI), prcparcd in accordance with Unitcd Kingdom Gcnci2lly Accepted Accounting Pia¢t¥ce; and have been prepared in accordance wilh the quireMen¥$ of ihe Companies A¢1 2006. Bgsis for opinion We condiicted our audit in ac¢oi4ance wilh Intemaiional Standards on Audiiing (UK} IISAS IUKI) and applicable law. Oui. IEsponsibilities undei. those stalldards are furthey dtscribed in the AudiloiB' re5ponsibililies foi. the audit of the financial 51aleEnEnts sectioll of oui. rwort. We ai"e independent of the ch'llblE company in actordanee with the ethical requirements tIFal are relevant to our audil of the financial staieinents in the UK, including the FRC's E.thical Standard. and we hav¢ fulfjlled our other Ethical ir5POtTrsibililies in accordance with Iliese IEquiremeDts. We believe rhal the audti evidence we h2ve obtained ts sutficient and appropriate to provide a basi$ forour opinion. Conclusions relating to going eoncern In auditin¥ the fjllancial stateInet]ts. we have ¢ot]cluded Ihat the Irusiees, use of the going concem basis of atctsunt&ll8 In Ilie preparatio of the fiDanci1c I stateents is applPrate. Based on Ihe work we have perfomied: we have noi idenlifjed any matertal UncertattIes Telating to events or conditions that, individually or collectively, Inay cast significant doubt on the cliaritable cotnpany'5 ability lo conÉinu¢ a5 a going cotL¢ern for a period of at leasttwelve monihs fiY)ill when th¢ fJnon¢ial statement8 are authoi'ised for issue. Our responsibiliiies and the responsibilities of the trns(ees with respect lo going concern are described in the relevant sections of this report. Other Infoi'mlI0n The tiustees aFE sponSible for the other information. The oth¢r infoiThation ¢omprÉs¢s ihe information included in the Annual Report. other than rh¢ financial statements and our Report of the Independent Auditor5 thereon. Our opinion on the fjnancial sL2temaits doe5 not covei. the other informat£OE] and, except lo the extent otherwise explicitly stated in our report, we do not exprtss any forjn of a55uran¢e Conclusion thereon. lil connection with our audit of the financial stalement5, our respoiisibility És to fvdd tlie o¢h¢r infoiThalion and, iii doing so. cotjsider wh¢th¢T ihr other infoiination is Itiatcrially in¢OnsstCttt with the financial statcit)cnts or our knowledgc obtaincd iii the audit or otherwise appears to be materially rntsststed. If we identify such material inconsisiencies or appairni maieiial missiaiemenis, we are requiitd ro deiemitie whether thts gives rise to a maleiial misstatement in the financial statements themselve5. If, based on the work we have perfonned, we conclude that there is a matei'ial tni55tatemenl of thi5 Other inlomiation, we are requiitd to report that fact. W¢ hav¢ notliing to Lrport in this iigttrd, Opinions oil other n]atte prescribed by the CDmpllnie5 Act 2006 Tn our Dpinion, based on the work undcnakcn in thc coursc of Iljc audit.. thc inforniatiott giveii in the Trustee5' Report for Ihe finan¢ial yeai" for which the finaneial sthtemenis are prepared is consislejit with the financial staiemet]ts,' and the Trustee5' Report has bten prepared in accoydance with xpplicable legal requirements. Page 5
RT FTHE INDEPENDEWF AUDITO TO THE METrIBERSOF YAVNEH FOUNDATIONTRUST MILtIr5 Dii wliith ive til'e ]quired to rcpoi't by eA¢eption In the light of lh£ knowled&Ne at)d undeiEi2nding of the charitable company and its environment obtained in the couise ofthe audit. we have not identifEed material tnisslatements in the Tivste¢s' Report. We have nothing to report in r¢spect of th¢ following matier8 where the Companies Act 2(M)6 require5 US to irport lo you if, in ouj. opinion.. adequate a¢¢ouJting records have not beet] kept or retutns &dequate foi. our audit Imve not bcen received frDtTr branches not visited by us; or tlie financEal stRtetnents are noi in agreement WlEh tlje accounting r¢coTd5 and retum5' or certain dis¢losuiES of trustees, remun¢RIIon Specified by law arc not madc: or we h2ve not ircEived all the infomiation and explanations we require forour audit. Resptsnsibiliti¢s of ti'ustees As explained fflore fully in Ihe Statement of Trustees, Respon5ibilitie5. th¢ trustees Iwho are also the diiECtors of the chai'itable cornpany for tl* purposes of company law) arc responsible for Ihe prepal.ati0 of the financial slaternent5 and for bting satlsfied that they 8ive true and fail. v¢ew, and for su¢li ini¢ni¢?I contiol a5 the trustte5 dEl¢rmine 55 necessary enable the preparRtion of financial stai¢m¢nrs that are free Ironi material misstatement. Ivh¢iher due to frnud 01 error. In preparin¥ Iht financial statcments, the trustees &lE $nSible tor asses5inE the charilable comp#ny's abiliry to continue a goin8 ¢on¢¢m. disc105ing. as applicable. IMallers related lo going concern using the going ¢on¢ern basi5 of accounlin¥ unles5 the li'ust¢es eithey intend to liquidate th¢ charitable compatty orto Cease operntions, or have llo Teali5tÈc aliunative bul lo do 50. Our re5POn5ibilities for the thudit of the finAnCiA staternents Our objectives are to obtain Irasonable assui?nct about whether the financial 5tatemenis as a whole are free from Inaterial Mitat¢En¢nt, littEkeY due lo fiaud or error, and to issue a R¢tx)It of the In(fependeni Auditors that incldeS our opinion. R¢u50nabl¢ assui?n¢¢ is a high level of assui?nce. bul is not a guai?ntee Ihai an kwdÈl conducted in accordanc¢ with ISAS IUKI will &lways detect a material nii55tat¢metit when it Lxisis. Misstateineiits c&tL ai'i5e fEDFn fraud or enDr and are considered tmaterial if, ldIVidUally or itJ the axgregate, they could reasonably be expected to influence the ¢¢onomic decisions of usel% taken on Ihe basis of Iliese fjnancial statement5. The extent to which our pittedures a tapable of detectÈng inrgulai'ities. tncludEng fraud is d¢tail¢d below.. Irregularitjes, including fraud are in5tktnces of non-compliance with laws and regulations. We designed piD¢edures in line with our responsibÈlities oviltned above, lo detect material rnisstalemenls in respe¢r of irregularities, including fraud. AUdt pnx£diir¢s undertaken in reswnse to the potentÉal Tiskg Irlating io trre¥ularilies (which include fiaud and non-¢ompliance with Saw5 and r¢gulatiolls) comprised of.. inquii'ies of managtment and those charged with goveman¢¢ as 10 whether the ChaTily complie5 with such laws and regulations,. enquiries with the same conceming any a¢tu&l or potential litigation or claim5- Ingpectkon of itlevant legal conyspolldence; VIeW of ttustees minutes. testing rhe appropriateness ol entl'iP5 in lh¢ nDtninal ledgcr. Irvicwing transactiotE5 round the end of the reporting period; and the perfortllance of analytical pro¢edvres lo identify unexpected movemenrs in account balance5 whi¢h tnay be indicative of fraud. No instanc¢5 of material non-compliance wa'e identified. However. the likelih(K)d of detecting irregla1]lleS, inclllding fiaud, 15 limited by the inlierent dstTJ¢u5ty in detecting irregularities. the etTectiveness of the entity's ¢oni¥ols, and the nature, tiining and extent ot. the audit piDce(luYes peifoimed. IrregulariÈies that irsult fiDm fittud might be inherently more difficult to d¢ttGt than Ie8u1&riteS that ¥¢sult frotn eiyor. As explained above. there 15 an unavoidable risk that material mis5tat¢m¢nt5 rnay nal be detected, even though th¢ audit ha5 been planned and perfoiThed in accordance with ISAS IUKI. A further descrÉp¢ion of ouv tt5PnlJ8thilities for the audit of the fiiiancial slatemenis is located on Iht Financial Reporting Coun¢il's WEb511e ai W1.frC.org.LEkl2Ud1torsrtSpoASibIjirie$. This description forms part of OUT Report of tlie Ind¢p¢ndei)t Auditors. Page 6
REPORTofTIIE INDCIPENDCINT AUDITORSTO THE MEIMBCRS OF YAVNEH FOUNDATION TRUST Use of oui. report This iEport is inade solely lo the charitable company's In¢mkrs. a body, in accordance with Chapter ) of Part 16 of Ibe Coinpanies Act 2006. Our audit work lias been undeitaken SD Iliat we might state to the ¢hari¢able compaiiy's members tIse Jnatters we air required to state to them in an audilOYS' report and for iio oiher purpose. To the fullest exteiil pertnitted by law, we do ttot accept Dr assume responsibility to anyoiie othei. than the charitable cornpany and the ch3rit&blc coinpatsy's illembers as a body, for our audit work, rortljis report, or for the opinions we have foTm¢d. Rokit Nis5cn F.C.A. Isellioi. Siaiuiory Auditor) for and on behalf of Sten Richards Chartered Accountant5 and Statutoiy Auditoi. 10 London Mews Paddington LONDON W2 IHY 19th May 2026 Page 7
YAVNEH FOUND STATEMEINT OF FINANCIAL ACTIVITIES "ORPOR.4TING AN INCOME AND EXPENDITURE ACCOUNT FOR THE YKAR ENDED31ST AUGUST 2025 IN 31.8.25 Total funds 31.8.24 Total fund5 un51r1Cted fiind Re5tracted fund5 Notes INCOME AND ENDOWMETrKfs FROM Donations arid legacies 7,634 850,561 858,19f 897.599 ChllritAble activities tkpartm¢nt of Eduvdiion 99.744 99,744 96.761 Fundraising eveiii OthEI' incotne 2,968 2,968 105,030 105,1130 218.919 Tot41 10.602 1,055JJS 1,065.937 1.213,279 EXPEIYDITIIRE ON Charitable RctlVLties Yavneh College Academy Trust Yavneh Foundation Trust 1,221,795 10,190 1,221,795 10,190 I J50,124 8,460 Total 1231,985 1,231,985 1.558.584 NET IINCOMEI{E,XPENDITUREI Trlfer5 between funds 10.602 (17J941 {176,650) 17,394 {166.0481 1345,3051 14 Net movement in funds {6,792) {159,256) (166,0481 1345.3051 RECONCILIATION OF FUNDS Total funds brought forwai 256,792 237.037 493,829 839,134 TOTAL FUNDS CARRtCD FORWARD 250,000 77.781 327,781 493.829 The note5 foiTh part of ¢h¢se fjnancial stateinents Page 8
YAVNEH FOUNDATION TRUST REGIST , 44 26 stAmENT OF FINANC.IAL POSITION 31ST AUGUST2025 31.8,25 Total runds 31.8.24 Total fund5 Unrestsi¢te(I fund Resiricied funds NoTes rilXED ASSETS T&ngible assets 250,OIMb 250.000 250,000 CURREDr ASSETS DeOrS Ch at bank 12 17,135 212,359 17.135 212J59 70,996 322.856 229,494 229,494 393,852 CREDITORS Amoiints fallins due within one year 13 (151,713) 11Sl.713) {150.0231 IYET CURRENT ASSETS 77,781 77,781 243,829 TOTAL ASSETS LESS CURREiYf LIABILITIES 250,000 77,781 327,781 49i,829 NET ASSETS 250,000 77,781 327.781 493,829 FUNDS Unrestric*d funds Re5tt'1¢1ed funds 14 250.0 77,781 256,792 237,037 T(YfAL FUNDS 327,781 493,829 The financsal statements weir appwved and authorE5ed for issue by the Board of Trustees and authoi'ised for issue on 19th fvlay 2026 and wcre signed on it5 behalf by.. R M Gilbert- Tree The notes foiyn part of th¢s¢ financi&l statement5 Pa¥e 9
NDATI N TRUST STA TEMENT OF CASH FLOW5 FOR TIIE YEAR ENDED31ST A(IGUST2025 3EA.25 i1.8.24 Noi¢s CA$h flows from operatin¥ xctivitie5 Cash generated from opeiitlOlE5 16 {110,497) {512,403) Net cash Sed in opcrnting a¢tivities {110,4971 {512.4031 Chan¥e in alnd tAsh equavalents in the reporting pei'iod Cash and Cdish equivAlents at the beginning of tht rtpDrting period IIIOA97} 1512.4031 322,856 835.259 Cash aijd C£25h equivalents #t the of the reporting pertod 212,359 i22,856 The notes fomi part of these finalleial statement5 Page 10
YAVN TRUST NOTESTO THE FINANCIAL STATEMEINTS FOR THE YE.4R ENDED31ST AIIGLST2025 ACCOUNTING POLICIES BH515 of prcp*ring the IICliTrl stitemeDI$ The financial 5taiemenis of the chai'ilable cotnpally) whi¢h is a public benefit et)iity under FRS 102, have been prepaytd i ac¢oYdan¢e with the Charilies SORP (FRS 1021 'Accountin¥ and Repoiting by Charities.. Statement of Rc¢ommende(I Prd¢lic¢ applicable to charities preparing th¢ir account5 in a¢¢ovdAnce wilh (he Finat)cial Repoiling Stsndaiyl ¢il)plicable in the UK and Repiiblic of Ir¢land IFRS 102} (effe¢iive l Jalluaiy 20191,, FEnancial Rcpoiiing Standard 102 'The FinallcÉal Reiting Slandaid applicable (he UK 2nd Republic of Ireland, and the Coinpanies Act 2006. 7.he financial statements have been prepaied uader the historical cost convention. Yavneh Foundation Tivsi eonstitutes a public b¢nefit entity 9$ defined by FRS 102. Going concern The financial 5tatemenis have been prepared on a goin¥ concem ba51s as the trustees b¢li¢ve that &dequate cash rtsOurS will be available to CQV¢2' the Chariry's requ&retnenls for working capital expendiwre foi. at let Iht next twelve months from the approval of these accoutits. Le1 statu5 of the chkrity The Charity is a coJnpaE]y limited by guarantee and has no Share cipital. Liability of eaclj Éruslee in the eveiit of winding-up is limtled to £1. Income All incoihe is reeognised in the Staternent of Financial A¢livities Ollce the charity has entitlement lo the fijads, Et is probable th tlje iticome will be r¢ceiv¢d and th¢ amOt)t can be Enea5urpd ieliably. Tli¢ following specific w)lirie5 applted to particular categories of income.. Ifdnts are included in ilie Siaiement of FinaJicEal Activitie5 Oti g i¢¢eivable basis. The balance of income rL'L¥Jved foi. specifjc puwes bui noi expended durillg the period 15 shown in the iElev&nt fut]ds OH the Balance Sheet. Where income 15 KeG¢ived in advaijce of entitlement of re¢¢ipt. its recognition is defe1d and irtcluded in creditor5 a5 defrtted income. Where entitlement (Kcurs before in¢ome is received, the incomt is 3CCtued. Voluntary Ineome is irceived by th¢ way of donations and i5 Èncluded in tijll in the Stat¢ment of Financial Activities when receivable. Expenditure Liabilities ar¢ reco¥nistd as ¢xpendEture as as there 1$ a legal constiuctive obli¥ation committing the Charity to that expendituir, it is probable that a transfer of EcunotlliL benefits will be reqviird in settlement and the amount of the obli¥Ltion ¢an be measur¢d Eli4bly. Expenditure is aCcoted for on ao accruals basis and has bE¢n classifi¢d ynd¢i' headings that aggregate all tost related to the cate¥ory. Wh¢iE costs cannot be directly attributed io paiticular heading5 they have been allocated to acÉivitEe5 on a basis ¢onsisietJi with the se of re50urr¢s. All resources expended are inclusive of irrecoverable VAT. Cliritble activities Chai'itable a¢iivilies eypenditllre includes all cost5 diF¢Ctly laling to the objective of the Chority and the costs iJivolvEd 5UPPOrting that work. Govei'nance costs Governat]ce cost5 relale ID the f05t of audit fees. PaBell continued...
YAVNII H FOUNDATION TRUST NOTES TO THE FINANCIAL STATEf¥lENTS- continued FOR I-HB YEAR LIYDLII 31ST AUGIIST 21b25 ACCOUNTING POLICIES- eontinued TAngible fiA¢d a¢¢$ 'rhe tangible fiyed assets are held at cost less accuinulated depirciation and irnpaiiTreiJt charges. Depreciation is provided &t the following annual rates in order to write off die cost less tIn}ated residual vzlue of each asset over its estiTnated us¢ful life. Freehold property 20/0 slrnight line The trustees deeE)) the irsidual value of tlie Freehold Property to be at least equivalent tts itg ¢ou atjd so no depreciation has been provided. Taxation The Charity is exempt frojn Corporation Tax OD Its charitable activities. Fund 2ccoui)ling Unresti'icted fund5 can be u5¢d in a¢¢ord&thce with Ihe charitable objectives at tlEe disclftion ofthe trustees. Restricted fund5 can only b¢ used for p¥trti¢ular resiricied Purpos withill the obj¢¢is of the Charity. Reslrittions arise when specifId by the donoi. or when funds are raised for particular re51ric¢¢d purposes. Furth¢reYplanalion of the nat and purpose of each fund is included in ilie notes to the fijjanciai slateEnents. FinaNeiAI instrum¢mts Financial itrMentS air cla55ified and accounted for as either debt instrument5 or tinat]cial liabilities. Both assets and liabilities are all measu]Ed ai amonised cost. DONATIONS AND LEGACIES 31.8.25 31.8.24 Doiiations Gift Aid 757J37 100.8S8 784,368 1132Jl 858,195 897,599 In 2024 the income of £891.439 from donalioi)s and gift aid wer¢ to restri¢ted fut)ds. Page l2 ¢ontinued...
YAVNEH FOUNDATION TRU NOTES TO TIIE fiNANCIAL STATEMENfs- ¢ontiiiued FI)R THE YEAR bNDED 31ST AUGUSI-2025 FUNDRAISING EVENT 31.8.25 31.8.24 Fundraising event 2,968 INCOME FROM CHARITABLE A1VITIEs 31.8.25 31.8.24 Aaiviiy Department of Educatton Grants 99.744 96.761 In 2024 the total income from charttable actiwitie5 were to restrict¢d funds. OTHER INCOME 31.8.25 31.8.24 Educational visits 10 Poland Educational visit to I'rallC¢ 105.030 86,369 132,-550 105,030 218,919 CHARITABLE AcfiviTILS COSTS Direet Costs (see note 71 Supporr 05ts {s¢e note 81 Totols Yavneh College Academy Twst Yavneh Foundaiion Trusi 1,221,795 1221,795 10,190 10,190 1,221,795 10,190 1,231,985 Page 13 continued...
YAVNEH FOUNDATION TRUST r40TES TO'fHE FINANCIAL STATEMEiYTS- continued FOR THE YEAR ENDED31sfAUGUST2025 DIREcr cosrs OF CHARITABLE ACTIVITIES 31.8.25 31.8.24 Educational vi5Éts to Poland Educational visit 10 Fran¢e Sundry expenses Contributrons lo YCAT Donation5 in kind 105,030 85.057 128.172 65 .202.517 134,313 261 1,116,504 1,221,79S 1,550,124 In 2024 the charFlabl¢ activitie5 Costs were from i'estricled futids. SUPPORTC0s Governat)ce Costs Yavneh Foundation Trust 10,190 Support Costs. included ITr the abDve, are a5 follows.. 31.8.25 Yavneh Foundation Trust 31.8.24 Total Auditois, r¢mune¥aiion 10.190 8.460 NET INCOMEIIEVENDITURE) Net incomellexpenditure) is ststed after charginy/lcreditingl'. 31.8.25 31.8.24 Auditors, remuneration EO,190 8,460 Page continued..
NEH FOUNDATION TRU NOTES TO THE FINANCIAL STATEMEI NTS- continued OR THE YEAR ENDED31sf *lUGUST 2025 10. TRUSTEES, REMUNERATION AND BENEFITS There were no Ii'ustees, rernuneTatlDR Of Other benefifs for Ilie year endcd 31st August 2025 nor for the year ended 3 1st Aiigu5t 2024. Trust¢es' expenses There were no trustees, eXPese8 paid for the year ended 31 August 2025 nor for ihe yeRr en(kd 31 Aygugt 2024. TANGIBLE FIXED ASSETS Freehold Property COST At 1st September 2024 drtd 3 1st August 2025 NET BOOKVALUE At 31st August 2025 250,000 At 3 1st August 2024 250.000 The Firehold Propeity is o¢cupEed by a resident site mallager and caretakerof YCAT as wt of iheir ¢mployment a8reeTnellt. 12. DEwfoRS: AfvIOUNTS VALLING DUE WITHIN ONE YEAR 31.8.25 31.8.24 Oihei. debtors PrepaytneE]ts alld accrued intome 0,546 10,589 63.530 7,466 17,135 70.996 Page 15 contlllUEd...
Y AVNEI H FOUNDATION TRUST NOTES TO THE FINANCIAL STATEMENTS- tontinued FOR THE YEAR EINDED 31sr AUGUST 202.$ 13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEI AR 31.8.25 31.8.24 Ti?de ¢reditors Other creditors Accivals and defeiTed incon)¢ 117,444 2.222 32.047 112.032 2,222 35,769 151,713 15Q,023 14. MOVEtIEIWT IN FUNDS Net Transfers between funds owetnent in funds At 31.8.25 At 1.9.24 Unrestricted fndS G¢n¢ral fund 256,792 10,602 (17J94) 250.000 Restricted funds Jewish Studies GrJnts Pennies With Purpose Yavneh College cla55tDotn Yavneh Pritnar), SchoDI donation IS6.731 7,466 1,358 4.960 1270.7461 99,744 114,015 196,621) 10,589 1,358 (4.960) 65,834 688 65W4 Yavneh College improvements (688) 237,037 (17fi650) 17J94 77,781 TOTAL FUNDS 49329 (166,048} 327,781 Page 16 continued...
Y AVNEH FOUNDATION TRUST NOTES TO THE filNANCIAL STATEMI ENTS~ continued FOR-I'IIF. YF.AR F.NDfi D 31sr AUC.IJST 202$ 14. ovcr*iENT IN FUNDS- cohtiiiued Net movemeni in funds. tncluded in the above are as follows.. Incoming resources Resauites expeiided Movernent in fvnds Ilnrestricted futkds Cyeneral fund 10,6112 10,602 Restrlrted fuh(ts Jewish Studies Gi?nts Educational visits to Poland Yavneh Colleg¢ classroom Yavneh College impiK)I'emen15 850,560 99.744 105,030 (1,121 J06) (270,746) 99,744 {105.030) (4,960) {689) {4,960) (688) 1,055,33.5 11,231,985) {176,6501 TOTAL FUINDS ,O65,937 11,231,985) {166,0481 Comptti'ative5 for Trioyetnent in funds Net ttH)v¢rnent in Thd$ TransfeTS brtween fi]nd5 At 31.8.24 At 1.9.23 Unrestricted funds General fund 250,632 6.160 256.792 Restricted funds ewish Siudies Grants Educational visits 10 Pol&nd Pennies With Pui'pose DY. D Col¢tndTr JMemu¥ial Fund Yavneh College classmom Yavneli Primary School donaiio 374,371 6,978 1319.6031 96,761 1,312 101,963 196,273} 156,731 7.466 lJ58 4,765 4,960 1.358 (4,7651 4.960 89.053 107,017 110.645} {123,668 } 4,378 {12.5741 17,339 {4.J78} 65.834 688 Yavneh Colleg¢ improvements Erfucational visit to FTce 588.502 1351.4651 237,OJ7 TOTAL FUNDS 839,134 1345,3051 493,829 Page 17 COE]tinued...
YAVNEH FOUNDATION TRusr OTES TOTHE FINANCIAL STATEMEKfs- coijtinued FOR TIIF. YF.AR F.IYDED 31ST AUC.UST2025 14. rlOVEMENT IN FUNDS- continued Comparative net nEovemenÉ in fund5. included in the above air as follow5.. ITrcoEMing If50Eirces Resource5 expended Movement in funds Unre5ti'teted fund5 Geneial fund 6,160 6,160 Restricted fund5 JEwish Studies Grants Educational vislt5 to Poland Yavtteh InIa1? School donation 891,439 96,761 86,369 {1.211.0421 (319,6031 96,761 185.057} 110,6451 (123,6681 (128,1721 110,645) {123,668} 4,378 Yavneh College itnprt)vements Educ&liotial vEsit to Frallce 132,550 ,207.119 11.558,584) (351,4651 TOTAL FUNDS .213,279 11.558,584) {345,3051 NAme of Jewish Studies 2nd Yeshiva Description, nture ind purpose of the fund Fuijded by voluntary contribuitons from pupils towards Jewish Studaes. Grants Grants w¢re received from the Govemment's Jewish Community Protective Security towards the security c05t inciii'red by the Yavneh Coll¢¥e and YavDEh Pi'iJTrary School. Edu¢alional visits that are funded either by bLt15aries or Self funded by the pupils. Educational visits tts lsi?el and Poland PenDiesWiihPllrpose Fund raisin¥ act2vity led by the stud¢t)ts with Ihe &iTh of collecting si.x million pennies to be donated to good caus¢5. Legacy donation i'¢¢eiv¢d to purchase inieractive whire boards. Donation5 from Yavneh parentslgrandparent and voluntary doner5 towards Jewish Studie5. Yaviieh College ¢lissmom Yavneh PÈimary SclK¥oI donation Yavnch Collcee improvcmertts Fund Ilsn8 activity with thc aim of carrying out repai 2nd mainteE]ance lo the buildit)gs owned by Yavneh College Academy Trust (YCATI Trallsfers bthveen fund5 Giants IEceivable from tlie Government's jewish Corninunity Protective S¢cuFity tolRlling £96,621 {2024.. £96,273) were tran5ferir(f to Jewish Studies restricted funds as Ihtsc are the secttrity costs incutTed by YCAT. Unrcstri¢¢ed genernl funds roialling £17,394 {2024.. £tsill were tratjsferred to Jewish Studies restricted fUlS to cover the Jewish Studies costs. Page 18 continued...
YAVNEH VO NDATION TRUST NOTES TO THE FINANCIAL STATEMENTS- t(Triiti FOR THE I'EAR ENDKD31sfAUGUST 2025 15. RCI LATEI D PARTY DISCLOSURES Yllvneh ColIege Academy Trust YCAT received %l.116,50412024 £1,3J6,8301 fix)m the Charity, as restricted donatiot]s. lllcluded in otlier debtOTS is a balance £nil {2024.. £55,995} receivable fmm YCAT, Include in trade creditors 15 balartce of £117.44112024: £1 IIOiOI payable to YCA T, There are certain common trustecs between YCAT and tlie Cliarity, 16. RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPEIL4TING ACTIVITIES 31.8.25 31.8.24 Net expenditure foi. the repoi1ing pei'iud {Hs per the Statement of Finaneial Attivities) Adjustrntnts Decreasellincieasel in debtors Incr¢ase/ldecr¢a5¢} in creditois (166,048) {i45,3051 53161 1,690 12.9491 1164,1491 Net cfish used ill operAtioNs {IIOA971 1512,4031 17. ANALYSIS OF CHANGES IN NEI T FUNDS At 1.9.24 Cash flow At31.825 Net cxsh Cash & bank 322,856 {111).497) 212J59 322.856 {110.497} 212J59 TotAI 322.856 (110,497) 212J59 Page 19 continued...
YAVNEH fouNDATION TRUST NOTESTO THE FINANCIALSTATEMENTS- tontIned FOR TIIE YEAR LIIYDLD 31ST AUGUST2025 18. FINANCIAL INSTRUMENTS The financ¥al assets IneasuTed xt amorltsed cost ¢lS 31 Aiigust 2025 are in tli¢ Sum of £17.liS 12024.. £70,996). This tonipi'15e5 of othet. debtoj's and accrued income. The financial liabilities me25ured at amortEsed cost as at 31 Aiigusi 2025 are in tlie suin of £151.713 12024.. £150.0231. ThFS comprises of li¢ CTeditois. other credito[5 and a¢cYupd expenses. Page 20