Charlty regl•tratJon number 10978711Enqland and Wales)
Company r•ulstratlon numbor 04323368
COMET CHARITIES LTD
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

COMET CHARITIES LTD
LEGAL AND ADMINISTRATIVE INFORMATION
Trust••s
B C Josaph
M Llsser
Lwo
Charlty nUM￿r (England and Wale•)
1097871
Company numb•r
04323368
Regl•ter•d offlc•
63 CranboLme Gardens
London
UK
NW11 OJB
Audltor
Go1th4ins Umlt8d
75 Maygrove Road
Wesl Hampst8ad
London
NW6 2EG
8ank•rn
B8rclOyB B8nk PIC
Swi88 Cottage BrBnth
131 Finchl•y Road
London
NW3 6JA
Bank
Unil 1 The Mall
Edgworg
HA8 7BO

COMET CHARITIES LTD
CONTENTS
Pa
Twste89' report
Sta¥8ment of trust8￿, rèsponslblllll•$
Ind•p8'ndent au(Iltol8 Mport
stal•monl of fln8nclal ACtW
Balancè $h•et
statement of c48h flo
Note8 to the fin8ndal 8tatoments
10-17

COMET CHARITIES LTD
TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 JUL Y 2024
The trustees Present thelr annual rèwrt and financlAI Statements frjr the year ended 31 Juty 2024.
The finandal statements have been prepAred In acCordan￿ry wlth the 8ccounllng poliaes set out in note 1 to the
financial staternants and Comp￿ vAth the Charitvs goveming docum&nt, the Companles Act 2006, FRS 102"The
Financial Reports'ng Standard applicable in the UK and Republic ol Ifeland. and the Charities SORP"Accounting
and Reporbry by Charities-. Stalemenl ol Recomm8nded Practlce 8pplicBble to charities preparing their accounts
in accordonc8 hwth the Financial Rapoitng Standard applicable in the UK and Republic of Ireland IFRS 1021"
Objective• and actlvltlos
ObloctlY•s and almi
The Chorftys was 8stabllsh8d to supp(xt thé advanc8m8nl ol Jwish ￿11910￿8 tducatlon.
Publlc b•n•flt
The trusie&s have paid due regard to guklanr• l¥su?d by the ChBrW Comml551on In d8ddlng what gcdvtti88 th8
Charity should undertake.
Slgnlllcant actlvltlg•
Durfng the year, gr8nl¥ lo sthools and other charlties amounted to £2,157,39412023'. £2.311,8471.
Gr•nt m•klng
Grants 8re made to charftsble In8UtuUon8 and organlsotlons which O￿ord ￿th the objec18 of the Charlty.
Achl•v•m•nt• •nd p•rfomi•nc•
Charl¢8lJle •ctlvltl••
Th8 trus188s consider that Ihe performance ol the charity Ihls yeaf ha5 been rno81 $8liBfaclory. Sub$tsnti81 funds
hav8 b8en grant8d to Institullong durtng the p8dod from the contribution3 rec8lvèd from donors.
The Statement ol Finencial 8cNv4tl•s shows a surplus for lh• y•ar of £57.214 gftar meklng grants of £2,157,394
•nd tho r¥$8N8¥ stand at1£116,4301.
Fln&ncl•l T•vSèw
Prlnclpal fundlng sourc•s
The ch8rity is pleased and fortunate lo reco￿8 donations from a number of organlsalions and individu818.
R•¥•N•• pollry
DurSng the year charfty's In¢orne exceeded Ihe expense5 Incurred. The trustees arg ¥gtl¥fied wth the results for
tha year. The truslaes do not seok to mgintsin rg5grve¥. other th8n to ensurg Ih81 they can continue tha ac11vi￿e$
of the charity.
Goln9 concern
Tho accounls have been prepared on the golng concem basis. The trustees conslder that there are no Material
uncert3inlies regarding the charity's abilrty to continue in operational 8xi5tenc& for the foreseeable lulure, which
Is deemed to be 12 months from the dat8 of the approval of the financlal statements.
Rlsk management
The tnJslee8 have assessed the rnajor rfsks to which the Charity is exp050d. 80th manual and auiomated checks
are r8gularly invoked, particularly those relating lo the operations and finance of the charity. The tNstee8 are
88li5fied that 8ySt8ms and procedures rniligate any perceived risks.
FUTURE PLANS
Theve are no significant future plans to report, other th8n to Continue lo rai58 fund5 and rnake tharitab18
donath)ns to continue lo meel the current oblectlvès.

COMET CHARITIES LTD
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 JULY2024
structure, gov•Tn•nc• and munagement
Governlng document
Th• Chadty is conlrollad by ils govèrnlng documènt. th8 mamorandum and artides of assoclatson, and
constitutes a company limited by guarantee as deffned by the Companies Act 2006.
The trustees. who are also th8 direetors for the purpose of company Lgw. and who served during the yoar and up
to the date of signature ot th8 financio18tatsments We￿..
B C Joseph
M Lésser
Lwdf
R•crulim•nt And appolntm•nl of tru•t•è•
If necessary. naw trustees are recrult8d from the peTsono1 eC￿lactS of exlsting trustae8.
Organlsatlonal Btructure
The trustees manage the day to day runnlng of the charfty and makè all do¢l$lon$.
Inductlon And tralnlng of n•w tru•ts
New ITuslees undergo a briefing to 8nsur8 thay ar8 awar8 of È4)th thelr legg1 and Professional r8sw8ibillfj•s
under tharity and company law.
Audltor
In 8CCOTdance wtth the companws 8rtlcles, a rogoluthjn proposlng (hat Gc4dwns Llmlled be re8ppolntèd 89
audltor of the ccffjpany will be put a¢ a General Meeung.
OIKlo*urn of Informatlon to wdltor
The trust995 have wnffirmed that there is no inforrnalion of whith they are awgro vthith is relevant to th8 audit,
but of which the auditor Is unawar8. They h8V8 further conflmied thgt they have taken appropriate steps to
Identify Buch relevant Informatlon and to establlsh that the auditor 18 aware of 8uch Infomi8don.
The Iruste
pproved by th8 Board of Trusla88.
M LiJ•gr
Tnjslee

COMET CHARITIES LTD
STATEMENT OF TRUSTEES. RESPONSIBILITIES
FOR THE YEAR ENDED 31 JULY 2024
The trustees. a￿ 8180 the directors of Comet Ch8ritles Ltd for the purpose of company law, are r8spon8ible for
propaThng the Trustees. Report and the financial statements in accordance with applicable law and United ￿'ngdoM
Accounting Standards Iunited Kingdom Generally Accepted Accouniing Pfaclicel.
Company law requlrns th? trustaes to prepare financial Statements for each financial year which give a true and fw'r
vlew of th8 3ts19 of 8ff8iTg of the Ch8rity and of the incoming r8scxJrceB and application of resources, induding the
Incom& and axpenditur8. of th8 ch8ritabl8 company for th8t year.
In preparlng th•s8 financial stat8mènts. tho Iru8te88 are ￿qUIred to..
select suitable accounts'ng polidas and then apply them con¥lstenUy',
observe the rnethods and prlnclples In ￿e ch8￿lIeS SORP,.
- rnakejudgements and estimaies ihat are roasonabla and wudent..
state whether applicable UK Accounting St8nd8rd¥ have bgen followed. Subleet to any mAtedg1 departures
di$do8ed and eyplained In the flnanclal slat6menls,' and
pr?p8re the finandal 5tstements on the going concern basi8 unless it is inappropriata to pre8ume that the Chanty
VAII conUnu• In op•r811on.
The trustees ara r8sponsibl• for kè8plnu adaquats accounting records th8t disclo8• rèasonablè accuracy at
any lime the financ481 posits'on of the Chgrtty and 8nabl8 thèm tts ensura that th• flnanclal slalam&nts Comply wlth
Ihè Ctsmpanlès Act 2006. They are also responslbla for 88feguardlng the assets of the Charity 8nd hence for tsking
r•asonablè slèps ft>r the p￿v￿tIon and del8ction of fraud and olh8r irregularities.

COMET CHARITIES LTD
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF COMET CHARITIES LTD
Opinion
We h&ve hudlted the flnÈndal ststemenls ol Comet Charitles Ltd (the 'Charily'l for the year ended 31 Juty 2024
which comprlse the 818lerngnt of fin8ncial 8ctivlUes, the bal8nce sheet. the stal&ment of cash fiow8 and noles to the
financial statements, including significant aceounling policies. The financial reports'ng frarnework that has been
applied in their prepPr8t￿N 1$ applicable low and United Kingdom Accounting Standard8, including Fln8nci81
Reporting Slantjard 102 The Financial Rpporting Standard applicable in Ihe UK and R8public ol Ir81?nd Iunited
Kingdom Generally Accepted Accounbng Practice).
In our opinion, the financial statements..
glve a tru¢ and lair view of the stste of tho tharltable companls affairs as at 31 July 2024 and of Its Incuning
resources and 8ppllcallon of r8¥ource¥, includlng Ils income and expendllure, lor the year Ih8n ended..
have been property prepared in accordance with Unlled Kingdom Generally Acreptad Accountlng Practice.,
and
havg b￿n prspgred In a¢cord8n¢& wlth Ihg requlremgnts of the Compani88 Act 2006.
Ba•18 for oplnSon
W8 conductad our audlt In accordance wllh Intematlonal Standards on Auditing IUKI IISA5 IUKII and appllcable
law. Our responslblliJ8s undar thos8 Standards ar• further described in the Auditors responsibilit￿S for the 8udit ol
the fi'nanclal sf8fements section of our report. We are Indep8ndent of the Charlty In accordancè whh the elhlcal
requirements that are relevant to our audit of the financial ststements In the UK. Including th8 FRC'S Ethical
St8nd8rd, and wo have fulfilled our other elhicgl respon￿bIlItIeS In accordance with ihese requirernents. We belleve
that the audlt ovldenca wa h8v6 obt8lned Is sufflclent and appropriate to provlde a basis for our opinion.
Concluslon• r•latlng to golng conc•m
In auditlng the financlal 51atement¥, w* hAvè concluded that the trusia06' US8 of the gobng concem b¥¥ls of
c￿untIng In the preparadon ol the finandal staiements 16 appropriate.
Based on the work we have performed, we have not identified any material uncertainties relats'ng to events or
ndI￿on8 Ihat, Indlvldually or eollèctlvèly, MAY cast slgnlflcAnt doubt on tha charlty's oblllty lo conJnue as 8 golng
concam for g p8rk)d of at lèast trmlvo months from whon the flnandal statements are aulhorised for issu¢.
Our re5ponsibillll8s and the respon81bllltl8s of th8 dlreGlor5 wlth respect 10 9olng concam ai8 dasulb8d in th
relevant sections of this report.
oth•r InfonnJtlon
The other inlomation comprises the inlom)atlon incjuded In the annual report other than th? flnan¢lal statemgnts
and our auditorfs report thereon. The trustees are responsible for the other inforrn8tion wntglned wlthin the annual
repori. Our opinion on the financlal staternents does not cover the other information and, excepl io the extent
otherwise explicllly ststed in our report, we do not expre53 any forrn of 855ur8nce eondusion Ihereon. OLbr
responslbility is lo read the other infomiation and, In deing so, Consider whethèr thè other infomabon is materially
inconsistent with the fin8nci81 stgternents or our knowlBdge obtain8d in th8 cours8 01 the audit, or olherwse 8ppe8rs
to b& mat&rlally mls$l8ted. 11 we Identtfy such mal8rfal Ineonslstand&s or apparent material rnis5tatements, wè are
requlred to dètemiln& whgthor this gives to a material mlsstatement in the financial statements thern5eIV￿. If.
basèd on the wort( wè hav8 pèrfomied. we conclude Ihot the￿ Is a mBterial mlsstatement of th13 other Infonnation,
w8 are requlred to r8POrt that f8cL
W8 have nolhing to report in this regard.
Oplnlons on other matters prescrlbed by the Compan1•$ Act 2006
In our oplnion. based on tho work undertaken in the course of our èudlt=
the inlomialion given in the Iruslees. report for the financial year for which the flnanclal statem8nts are
prepared, whith includes the directors. report prepared for Ihe KKJrpo898 of I￿panY law, Is consistent wlth the
rin8noal 5tat8m8nts', and
the directors. report included wthin the trustees. report has been prepared in 8ccordane• ¥Mth 8ppltcabla18gal
requSr8rnent5.

COMET CHARITIES LTD
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF COMET CHARITIES LTD
Matter8 on vthlch we are requir•d to report by oxcoptlon
In the light of the knowledge and under5t8ndlng of the Ch8rlty and tts envlrnnment obtained in the course of the
audit, W8 h8V8 not id8ntif18d mat8rf81 rnisstat8m8nt5 Iri th8 directors, report induded within Ihe trustees. report.
We h8vè I￿1hIng to rèport In rèspact of the followlng mattars In ralatlon to whlth the Companies Act 2006 r•quir8S
us to report lo yeu Il, In our opinion..
adequate accounting records have not been kept, or relums adequate lor our audit have not been received
from branches not vislled by UB.. or
tho finonclwl $t8tements ore not in agrgemgnt with the accounting recA)rds and returns., or
certain disdosures of trustees, rernuneratson sperified by law are not made.. or
we hBV8 not rec8Sv8d 811 the Inlorniatlon ond &xplangtions we require lor our audit., or
the truste88 Were not entitled to prepare the financial slaternents Sn a¢cordAn¢& with the small cornpanles
reglme and take advantage ol the small cornpanies. exernptions in pr8paring the trustees, f8POrt and fro)m the
requirement to preparoi 8 strategic report.
As explained more fully in the statement of trustees, responslbllitie$, trusl•ès, who are also the dlreclors of the
Charity lor the purpose of comp8ny18w, responsible for the preparation ol the financial statements and for being
satl¥fitrd Ihal thèy glvè a truè and falr vlèw, and for such Inlèrnal control as the trustees determinè Is n8c8s98ry to
•nabla the pr6parallon of financAal statemènts that ar6 free trorn mated81 mi3slalemont, vthathér due to fraud or
error. In preparing the financlal staternents, the trusleeB are re5ponslbl* for a$s8sslng the Charity's ability to
continue as a going concern, discjosing, a3 8pplic8ble, matter5 related to going concem and using the golng
concem bas15 of gccounling unless the truslgeB 9￿h￿r Inlend to Ilquidato the charitable company or its cease
opernllon$, or hav¢ no r*ali$ti¢ 8tsm¥tsv¢ but to do 80.
Audltorfs r••pon•lblllll•• for th• audlt ol tho flnancl•l •t•lement•
Our objectives a￿ to obtain reasonable a55urance about whether the financial 5talemenly a6 ¥ whdts ar6 free from
material mls818temenl, whether due to froud or error, and to issue an 8udlto)rfB report that Indudes our oplnlon.
Reasonable assurance is a high level ol assurance but is nol a guaranle¢ Ihot an oudit conducted in accordance
wth ISAS IUKI wlll alway8 det8Ct 8 m8ted81 mlsst8temènt vjhen rt exists. Mi58talem8nts can arise from fraud or
error and ara conslder6d mat8rlal11. indivldually or In the oggregate, they could reasonabty be exp?d•d to inTrJen
the economlc deci3ion3 01 users taken on the basls of the88 financSal 3tatemenls.
Irregularities are instances ol non-compllance wrth laws and regulation5. Thè oblèctlv8s of our audlt are to obtoln
sufficienl appropriate audit evldence regardlng Cofflpliance with laws and r8gu18ts.ons that have a direct effect on th8
determinatlgn ol materi818mount5 and dlsd05u￿S in th¢ financial stat8ment5, to perform audit procedur88 to help
identlfy Instances of non-compllance wlh other laws And règulatlons that may have a materfal effect on thè fin8nci81
tstgmènts, and lo respond approprlataly to Id•nUfled or suspacted non-compliance with 18w8 And r•gul#tions
denttfied durlng tha audlt.
The extenl to whSch our proCedu￿S are capable of detethng irregularblles, Induding fraud, 18 d&talled b810w.

COMET CHARITIES LTD
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF COMET CHARITIES LTD
In Idenlitying and a55essing risks of mBterl81 rnlsstatement In respect ol irregul8rities. includlrrfJ fraud and non-
¢ompllanc¢ ￿th laws and iegulatlons. our Pf¢xedures Induded the following..
We enquired of manag8ment, which included obtaining and f8vi￿ng supporting documentation,
concerning the charity's policies and procedures r8lating to the intem81 control¥ 88tBblished to mitigate risks
relaled to fraud OT non-¢ompll8n¢e wlth law8 and regulallons.
We ￿VIew9d thg finondal sts18menl dl8c108ure8 And testad th89è to supportlng documentaUon to
compliance wth applieabla laws and regulations.
In addresslng th& risk of Iraud through management overrlde ol controls. we lesl8d the appropriaton•5s of
joumal entries and other adjustments, assessed whether the judgernentB made In m8king aecounllNJ
8sUrnat8s are indicatlve of a pot&ntSal bias and tested 8ignlflcant tranBaclion8 Ihat aro unusual or tho
outside the norm81 course of business.
Becatsse of Ihg inherent limitations ol an audit, there is a rfsk that w• VAII not d•tèct all ltyegularities. inchjding
Ih¢s¢ le$dlng to 8 m8terf81 mis$t8tem¢nt In the fln8nd81 $tgt•mants or non-eompllance with regulation. The ri8k
is also greater regardlng Irregularltias occurriny du& io fraud rather than error, as fraud invofve5 intentional
concealment, forgery, colluslon, oml8slon or mlsrepre98ntatlon.
A lurther de3￿p¢o0n of our re8ponslbllllles Is available on th8 Financl?l Reporung Councll's w•bslta 8t.. http8'.11
w.frr.org.uklaudlk)r8rgspon¥lbllilles. dgscrfplbn forms p#rt of our audlior'8 r8port.
U•• ol our r•port
ThLs report Is made solely lo the choritable companls mernbers, a8 a body, In accord8nc8 with Chapler 3 01 Part 18
of the Companies Act 2006. Our audit work has been undertakèn so that ￿ might stat8 to the charitable company's
membèrs those mattera wè ore r8qulr¢d to $tale to them In an audltor'g report gnd for no other purpose. To the
tullést 8Xt•nt p&rrnltt8d by law. wa do not accèpt or assuma r•sponsibllity to anyone olher than the th8rit8blè
compony and the chorltsble company's members as a bo¢ty, for our audlt work. for thls rèport. or for th• oplnlons w•
have forrned.
Anthony Epton IS•nlor Statutory Audltorl
Frx and on behalf of Goldwln8 Llmltsd, Slalulory Audltor
Chartered Accountants
75 M8ygrove Road
West Harnpstsad
London
NW6 2EG
Date".
14/0512025

COMET CHARITIES LTD
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 JULY 2024
Unr•strlct•d R•strlci•d
lund
lund8
2024
2024
Total Unfestrlcted R8stricted
funds
funds
2023
2023
Totsl
2024
2023
Not
Incom• Irom:
Don811on¥ 8nd legacle
Inv85tments
1,846,466
17
543,452 2,389,918
17
1,924,684
35
440.137 2,384.821
35
Totsl incom•
1.846,483
543,452 2.389,935
1,924,719
440,137 2,364,856
endltur• n:
Ral$lng lun¢$
54,445
54,445
41,622
41,822
Charitable 8ctiwbe8
1,734,824
543,452 2,278,276
2,049,077
440.137 2.489,2t4
Tot•1 •xp•ndltur•
1,789.269
543,452
2.332,721
2.090,699
440,137 2,530.838
N•t Ineom•ll•xyndl¢ur•} for
th• y•arl
N•t mov•m•nt In fund•
57,214
57,214
1185,9801
1165.9801
Fund ba18nce8 at 1
Augu8t 2023
1173,6441
1173,6441
17,6641
17.6641
Fund balan¢•• at 31
July 2024
1116.4301
1116.4301 1173,8441
1173,6441
Thè statémènt of financial acUv5Ue8 Include6 all galns and IoBBes recognl¥ed In thè yèar.
Thè stat8m&nt of tlnancial acUvlti88 InL*Jdes all yalns and lo8sg5 re¢ognlsèd In thè yèar. All Income and expendStu
del￿0 from continulng actlvliles.
The slalernent of flnanclal oct1￿lIeS 0150 complles ¥￿t￿ tho requlremants for an Incorne and expenditure account
under the Cornpanies Act 2006.

COMET CHARITIES LTD
BALANCE SHEET
ASAT31 JULY2024
2024
2023
Note>
Current au•ts
Debtor5
Cash at bank and in hand
13
7,500
32,676
27,149
27,149
40,176
Cr•dltor•: •mount• falllng du• wlthln
on• y••r
14
18,5791
14,8001
Net current a88et8
18.570
35,378
Cr•dltor*: •mounts l•lllng du• •ft•r
mor• than on• y••r
15
1135.0001
1209,020
N•t Il•bllStl••
1116,430
1173,6441
Th• funds of th• Charfty
Unr•stri¢t•d funds
1116,4301
1173,844}
1116,4301
1173.6441
Th8 fln8nclal st
13/05/2025
pproved by th• trustee8 on .........................
M Llsser
Tru•t••
Cpmpany r8glstrglon number 04323368 (England and Wale81

COMET CHARITIES LTD
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 JULY 2024
2024
2023
Not•J
Cash flows from operatlng actlvltle•
Cash generated fromllabsorbed by)
operations
64,697
1172.7151
Investlnq actlvltl••
Investment Income rocelv•d
17
35
N•t ea*h g•n•rnt•d from Inv•rtlng
17
35
Flnonclng acilvltl•*
Ropaymènt ol btsrrowings
Repayrnenl of bBnk108n8
160,0001
110,2411
180,0001
110,4911
N•t ¢••h u••d In fin•nclng a¢Uvlti
(70,241}
170.4911
N•t d•cr•aH In cash and cash •qulv•l•nt¥
15,527)
1243,1711
C86h and c88h equSvalents at beglnnlng of year
32,676
275.847
C••h and ¢a•h •qulv•l•nts •t •nd of y••r
27,149
32.678

COMET CHARITIES LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
A¢countlng poll¢l
Charlty Inform￿On
Comet Charities Ltd 15 a priv8te company lirnlte¢Y by guarantee incorporated England 8nd Wales. The
registered offic8 Is 63 Cranbouma GArd&ns, London, NW11 OJB. UK.
1.1 Accountlng conv•nilon
The fin8nclal stalernent8 have been prepared In accordance wlth the Charivs governing docurnenl, the
Cornpanies Art 2006, FRS 102 'The Financial Reporting Stsndard applicable in the UK and Republic of
Ireland. I-FRS 102.1 and the charities SORP 'Accountlng and Reporting by CharilSe5'. Stsl8ment of
Recommended Practic& applic8ble lo chariti8s pr8paring their accounts In 8ceA)rdance ￿th the Financ181
Reports'ng Slondord 8pplic8ble In the UK and Republlc ol 1relar￿ IFRS 3021. leffe￿ve 1 J8nu8ry 20191. The
Charity is a Publlc 88n8fl1 Entity 38 d8ffned by FRS 102.
The flnanclal statements gre prgparad In slorflng, ￿leh 16 thè functlon81 currèncy of the Charfty. Monetsry
amounts in these financial statements are rounded io the naarest £.
Thè flnancial $tat•ments have boen prepared undw the hlstorical cost convenlbn. The pllnclpal accounting
polScl•s adoptèd arè sèt out below.
1.2 Golng conc•rn
The other ￿dItOrS conflm Ihelr ongolng 8L4PPOrt ol Ihe charity via loan advances. Al the time of gppfoving the
flnanclal statements, tha trust&e$ hav¢ a r¢8sonable oxpoctsllorn th81 the Chgrfty has adequatè resour￿¥ to
continue in oper8ts'on81 existence for the foreseeable futuw. Thus the tru8te88 continua io bdopt tha golng
conrom baBIB of accounting In prep8rlng the flnanclal siat8ments.
1.3 ChaTltabl• fund*
Unreslrfctad funds are av8ilabl• fcy u$• ot th• dl$cr•Jon of lh• trust••$ In furth•rgnca of Ihelr charftAbl•
objeclives.
Rostricted funds are ssjblect lo speclfic condlUon9 by donor8 or grantors os lo how they may be used. The
purpo88s snd u8es of the ieslricted funds ale Sel oul in the noies to the )Inancial stalementy.
Endowment funds ore sublect lo $podfle ¢ondltlons by donors th•t th& ￿pItal must ba rnalntalned by th¢
Ch8rty.
1A Incom•
Inco￿ is recognised when the Charity is legally entf(led to it after any perfomiance condilions have been
mèt, thè amounts can te measured reliably, and il is probable that Incorne will be receiv8(t.
Cash don8llons are recognised on recelpt. Other donollon¥ rI￿gnISed once the Chadty has been notlfied
of th8 donation, unless perf(Jmignc8 conditions r￿uIr6 d618rral of th8 8mount. IncDme lax recoverabla In
relation io donations received under GiftAid or de8ds of covenant is recounised at the time of the donation.
Leyacie5 arè rocognised on receipt or otherwise rf the Charity has been notified of an impending distribution,
the amount Is known, bnd receipt 18 expected. If the amount is not known, the legacy Is tmated 83
contSngent asset.
10

COMET CHARITIES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
Accountlng pollcl
{Contlnued}
1.5 Expenditure
Expenditure is recognised onca there 15 a legal or constructiv8 obtigation to make a payment lo o third party, it
is probable that settlement vlll be required and the 8Tnounl ol the obl1g8￿0￿ con be measured reliably.
Expenditure is classified under the following activity heading5'.
Costs ol raising lund5 comptiS8 Df (x)515 Incurred by thè charitBbl• company in inducing third partt'es
to make voluntary contrlbtstions to It. as well as tho cost of any acllvilies with 8 fundraising purpose.
Expendhture on chaTtta￿a activitles Includes th6 costs of deliverlng sefvIc86 undertaken to further the
purposes of Ihe charity and their assooated support costs.
Other expenditwe represents those iiems nol falling into any other heading.
1.6 Ca•h and c••h oquivalent8
Cash and cash equIVa￿nts Includ• Cash in hand, dèposits h&ld at call wlh banks, other short-lemi liquid
Inve5tm8nts wlth orlginal malurfti•s of thm months or less. and bank 0￿rdraft8. Bank overdrBfts or8 8hown
wilhin borrowingB in current liabilities.
1.7 F5nanclal InJtrurn•nt
The Charlty has elected to apply the provlsK)ns of Section 11 'Baslc Flnandal In8lTumenl8' and Sts¢tlon 12
'Oth8r Financial Instrurnenls153ue8' of FRS 102 to all of rts financial instruments.
Flnandol instruments ara r8cognlsèd In thè Ch8r+Vs bal8ne• sheèt vknèn the Chartty bacomes party to thè
contractual provlslons of the instrument.
Flnanclal assèts and li8bllitlg8 arg offset, with Ihg nel amounts presented in the flnanLaAI stAt8ments. wh•n
there Is 8 legally enforceabla nght to $¢t off tha r•¢o9nl￿d •m¢uni$ and theré ￿9 an intontion to Sett￿ on a n81
bas15 or to reallse the as5el and s8tt18 th8 Ilabllity 8imuKan8ousIy.
Basic finana81 assets, which Include debtors and cash and bank balances, are inltl8lly measured al
transactson Pri￿ including transaction costs and ar8 subsequently ￿rrIed at amortised cost using the effecllve
Interest method unles5 the arrangemant constltutes a finandng transaction. where the transaction is
measured al the present value of the futur8 receipts discounied at a rnarket rale of interest. Financi81 as5e15
classlfi¢d as receivable wthln cme year 8re not arnorbsed.
B•slc flnanclal Il•bllltle•
Basic financial li8bilities, including uedilors and bank loans Bre initially Tecognised at tr8ns8Ction price unless
the arrangement constitutes a financing transaction, where the debl instrurnenl is measured at ihe present
Value of the future P8yTnents discounted at a market rale of interest. Financ3al liabilities dassifi8d as payable
within one year a￿ not amortised.
Debt inBtwments are 5ub3equently carried at amortlsed cost. usSng the effectlve intere31 method.
Trade credltors 8re (Ajligats'ons to pay for goods ￿ Services that have been acquired in th8 ordlnary course of
opera￿0￿5 from suppliers. Amounts payab18 are clas5ifi8d 88 current liabilitl85 if payrnent is due Wthin one
year or less. If not. they are presented 85 non-current li8bilitie5. Trade creditors 8r8 r8c(yJnlsed initi8lly 8t
transaction price and sUbs￿￿ènI1Y m8asur8d at amortlsad eosL using thé 8ff8ctlv& interest m&thod.
Derecognftlon of IlnanGlal Ilabllltles
Financlal IlabllStlBs are derecogniBed when the ChariV5 contractual obligatfiDn8 èxplrè or arè dischargèd or
canc¥llèd.
11

COMET CHARITIES LTD
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 JUL Y2024
Accountlng polic1•
IContlnu•d)
1.8 Employeè ￿ntI•ll
The cost of any unused holid8y entill&ment1g recognlsed in the period in which the employee's services are
r8celved.
Termin81ion benefit5 are recognlsed immediately as an expense when the Charity IB dernonstsybty comrnitted
to terminate the ernploym8nt of an 8mploye8 or lo provid8 terrnin8tion benefits.
Crltlul a¢countlnq •JJtlm¥t•$ and Judgornents
In the 8ppllcatlon of the Charfty's accounting policle8, the trustee5 are requlred to mak• ludgemonts.
•stlmates and assumptlons about the carrying amount of assets and liAbillties that ara not r•Adily opparent
from othor sourcès. The èstlmstès and assodgted assumptlons ar8 baged on hlstorfcal aXpart8n￿ and oth&r
facto￿ that are conslder6d to bo rel￿ant. A¢tual rèsults may differ from those estimates.
The estimates and underf￿ng assumpllons ar8 revl8wed on an ongoing b89i5. Rev+slons lo aecounting
e$tlmot¢¥ recogni88d in the period in which the 88llFnale Is rewsed where the rtvlslon offe¢ts only th8t
p6riod, or In th• perlLhJ of th? revlBlon and fvture perlod8 whet? the r*vlsion affects both cJJtTanl and lutur•
periods.
In¢orn• from donatlon• •nd10gKI••
Unr••trlci•d R••trl¢t•d
fund•
fund8
2024
2024
Tot•1 unl￿trIC￿d R••tklet•d
fund•
fund•
2023
2023
Totsl
2024
2023
Donation8 and gifts
1,848,486
543.452 2.389,918
1,924,884
440,137 2,364,821
The Tnjstees are immensaty gr8t8ful to tha Trusi888 ol Delapaga Ltd for thelr ongoing sUPPCrt, pa81, Pf88enl
and luture commitrnents.
In¢om• from inve•lment•
UnM#trlet•d Unr•itrlel•d
fund•
fundj
2024
2023
Interest recelvable
17
35
Exp•ndlturn on rai•ing funds
Unr•strlet•d Unr•8trlct•d
lunds
funds
2024
2023
Fundralslng and publlcFty
other fundraising costs
41,622
12

COMET CHARITIES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
EXp•nd1￿ro on thadtable actlvld••
2024
2023
DIMct ¢￿t#
Other charitable activits&s
111,905
16S,920
Grant funding ol actlvibas Isee not¢ 71
2.157,394
2,311,847
Sharo of support and gov•rnanc• ¢￿tI {s•• not• 81
Governanc8
8.977
11.447
2,278,276
2,489,214
Analy818 by lund
Unrestricted fund8
Re3trfcted fundg
1,734,824
$43,452
2,049,077
440.137
2,278,276
2,489,214
Gr•nl• p•yJbl•
Ourfng th6 yeor followng gr8nt$ wer• made to r•llglouy gducalion81 in¥tltullons.
2024
Grants lo inslilution8'.
Beth Jacob Grammer S¢h&Jl
Ch8lm Beche89d
Edupoor Llrnlted
Friénds ol Bèi8 Soroh Sthnol￿r
Keren Coc*mas Shlorno Trust
Keren Yashayo
Kollel Hakol
LTC Trust Company
MTV Ltd
North London Welfare And Ed(K¥lional Foundallon
Pardes House Gf8mmar School
Shir Ch8s&d
Tomchai Torah B'am Yisroel IT.T.B.Y.I
Westhall Ltd
Yeshiva Mekor Chaylm
Other donations 1¢$$ than £20,000
68,000
20,orJ)
20,000
37,5rJ)
53,860
91,000
47.650
36,380
131.350
75.245
570.577
118,100
20,000
524,966
37,800
589,950
2,157,394
13-

COMET CHARITIES LTD
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2024
Support and govornanco ¢o•ts
Governanc•
2024
2023
Audit fees
Lèg818nd pTofe88lonal
Office and admlnlstrallve gxpen8e8
B4nk charge8
4,800
4,800
4,800
2,840
2.699
1.108
3,917
3,917
8,977
8,977
11.447
Anatysed b#tsveen
Chantabl8 acb'vities
8,977
8.977
11,447
N•t mov•rn•nt In fund•
2024
2013
The nel movernent In funds Is stated after char9ln9llcradlllng}'.
F••s payable for the audit of the charltys financlal Btatements
4,000
4,000
None of the tru8te88 lor any Wfsonfj ￿nn*¢I¥d wlh Ih•ml r￿1Ved 8ny r•mun•ration or b•n•fits from Ihg
Charity during the year.
11 Employ•••
Average numb&r of empkJya88 durlng Ihe y?ar wyts O12023.'01.
12 T*xatlon
Th8 ehadty18 exempt from tsxatlon on It8 acllvlU88 becau88 811 lis Income18 applled for charltable purpo888.
13 D•bt¢r•
2024
2023
Amounts falllng due wlthin one year.
Other debtors
7,5C4)
14-

COMET CHARITIES LTD
NOTES TO THE ACCOUNTS {CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
14 Credltors: amounts falllnll dug wlthln one y•ar
2024
2023
Notes
Bank108ns
Acc¥u81s and defe￿d income
3,779
4,800
4.800
8,579
4,800
15 Cr•dltors: arnounti f•lllng du• 4ft•r morg than on• y•ar
2024
2023
Mote•
Bank10gns
Oth•r borrowln98
14,020
195,000
135,000
135,000
209,020
Included In oth•r boTrovlngs 18 a loan of £135,000 which18 Tepayable by 29 October 2026.
IB Unre•trfct•d fvnd•
The unmstrfct•d lund8 ol the tharity compr180 the unexpended balances of donaUonB and grants are
not Subject to specrflc condltlon$ by donors 8nd grantors 83 io how Ihey rnay b8 used. These Includg
de8ignated funds which hav6 been sel asldtr ottt ol unr•stActed lunds by th• tru8tee$ lor speC￿C purposes.
At 1 August
2023
Incom• Exp•nd5tur•
At 31 July
2024
G•nerg1 fund8
173.8441
1,846,483
11.789.269)
1116.4301
Pravlous y••r:
Ai 1 August
2022
Incomlng
r••aurc••
R•sourc••
•xp•nd•d
At 31 July
2023
General funds
17,6641
1,924.719
{2.090.6991
{173.644)
15-

COMET CHARITIES LTD
NOTES TO THE ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
17 Analys55 alnet aM•ts botween funds
unr•St￿¢t•d
funds
2024
At 31 July 2024:
Current assetsllliabllllles)
Long leryn IlabililieB
18,570
1135,000
1116,4301
Unr••trlct•d
lunda
2023
At 31 July 2023:
Currant assetsllll8bllltle¥l
Long tém IIAbllllle8
35,376
209,0201
1173,6441
18 C••h g￿erat•d fromll•b•othd by) opèrntlon•
2024
2023
Surplu$lldeflrill for tho year
57,214
118S,9801
Adlu8tm•nts for.
Inwstmenl income recognls8d In stat&menl of finandal act1￿￿83
117}
1351
Mov•m•nt• In worklng capltal:
Dècreaselllncreasel In debtors
(Decrease￿ncr￿￿Se in creditors
7.500
7,5001
800
Ca•h g•n•rated fromllabmorbed by) op•ratlon*
64.697
1172,7151
19 Anaty•l• of ch•ng•• In n•t Id•btyfunds
At 1 Augy•t Z023
h ffow• ￿ 31 Juty 2024
Cash at bank and In hand
32.676
15.5271
27,149
Loans falling due within one year
Loans falling due after more than one y88r
13,7791
74,020
13,7791
1135,0001
1209,020)
1176,344)
64,714
(111,6301
16

COMET CHARITIES LTD
NOTES TO THE ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
20 R•latsd party trnn8actlons
During the year. grants of £7S.24S ond £37,800 ￿rtr pald to North Lond￿ WeWar¥ and Edu¢alional
Foundalion and Yeshivas Mekor Ch8￿M Llmlted r¥9p&dV&￿. Ono of thg tru8tse$, Mr B C Jogeph. Is a180
tnjslee in North London Welfare And Educational Foundation and Y?shlvas M8kor Chayim Limited.
17-