Company registration number 04964185 (England and Wales) Charity registration number 1102452 (England and Wales)
SOCIETY FOR EDUCATION LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 NOVEMBER 2025
SOCIETY FOR EDUCATION LIMITED
LEGAL AND ADMINISTRATIVE INFORMATION
| Trustees | Mrs B Zahn | |
|---|---|---|
| Mrs R Green | ||
| Mrs S Bamberger | ||
| Secretary | Mr B S Halle | |
| Country of incorporation | United Kingdom | 04964185 |
| (England and Wales) | ||
| Charity registration | England and Wales | 1102452 |
| Registered office | 33 Granville Street | |
| Gateshead | ||
| Tyne and Wear | ||
| NE8 4EH | ||
| Independent examiner | David Scott, FCA Chartered | Accountant |
| Hallswelle House | ||
| 1 Hallswelle Road | ||
| London | ||
| NW11 0DH |
SOCIETY FOR EDUCATION LIMITED
CONTENTS
| Page | |
|---|---|
| Trustees' report | 1 - 2 |
| Independent examiner's report | 3 |
| Statement of financial activities | 4 |
| Balance sheet | 5 |
| Statement of cash flows | 6 |
| Notes to the financial statements | 7 - 14 |
SOCIETY FOR EDUCATION LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTOR'S REPORT) FOR THE PERIOD ENDED 30 NOVEMBER 2025
The trustees present their annual report and financial statements for the period ended 30 November 2025.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)".
Objectives and activities
The object of the charity is the advancement of education in the Jewish faith and prevention or relief of poverty. The trustees regularly consider the charities objectives so far as they relate to public benefit. Reference is made to guidance issued by the Charity Commission and other organisations to endure the charity is fully compliant with all aspects of public benefit with specific regard to education and religious training institutions.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
Achievements and performance
During the period the Charity consolidated the property portfolio, providing a solid stream of income for the present and future, for the purposes of charitable expenditure. In addition, a number of properties were purchased during the period. Whilst being able to repay a substantial portion of its outstanding loans, the charity was able to spend and distribute £60,732 (2024: £52,453) for charitable purposes. The charity expects this amount to rise in the future as loan repayments reduce.
Financial review
During the year Charity incurred an operating surplus, which arose from donation receipts and profits from the property portfolio.
The trustees and management meet on a quarterly basis to review the reserves of the Charity and its future requirements. All future needs are considered together with the risk or contingencies that may exist. The reserves at the end of the 2025 financial year were £1,373,621 (2024: £1,318,226) which is considered adequate to meet anticipated obligations for the foreseeable future.
Structure, governance and management
The charity is a company limited by guarantee and is governed by it Memorandum and Articles of Association dated 13 November 2003.
The trustees, who are also the directors for the purpose of company law, and who served during the period and up to the date of signature of the financial statements were:
Mrs B Zahn Mrs R Green Mrs S Bamberger
None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.
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SOCIETY FOR EDUCATION LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED) FOR THE PERIOD ENDED 30 NOVEMBER 2025
The trustees' report was approved by the Board of Trustees.
.............................. Mrs R Green Trustee
.............................. Mrs S Bamberger Trustee
Date: .............................................
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SOCIETY FOR EDUCATION LIMITED
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF SOCIETY FOR EDUCATION LIMITED
I report to the trustees on my examination of the financial statements of Society for Education Limited (the charity) for the period ended 30 November 2025.
Responsibilities and basis of report
As the trustees of the charity (and also its directors for the purposes of company law), you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006.
Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the Companies Act 2006 and are eligible for independent examination, I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.
Independent examiner's statement
Since the charity’s gross income exceeded £250,000, the independent examiner must be a member of a body listed in section 145 of the Charities Act 2011. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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1 accounting records were not kept in respect of the charity as required by section 386 of the Companies Act 2006.
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2 the financial statements do not accord with those records; or
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3 the financial statements do not comply with the accounting requirements of section 396 of the Companies Act 2006 other than any requirement that the financial statements give a true and fair view, which is not a matter considered as part of an independent examination; or
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4 the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
David Scott, FCA Chartered Accountant
Hallswelle House 1 Hallswelle Road London NW11 0DH Date: ............................
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SOCIETY FOR EDUCATION LIMITED
STATEMENT OF FINANCIAL ACTIVITIES
(INCLUDING INCOME AND EXPENDITURE ACCOUNT)
FOR THE PERIOD ENDED 30 NOVEMBER 2025
| Unrestricted | Unrestricted | ||
|---|---|---|---|
| funds | funds | ||
| 2025 | 2024 | ||
| Notes | £ | £ | |
| Income from: | |||
| Donations and legacies | 3 | 125,000 | 21,490 |
| Investments | 4 | 294,784 | 261,034 |
| Total income | 419,784 | 282,524 | |
| Expenditure on: | |||
| Raising funds | 5 | 107,082 | 59,531 |
| Charitable activities | 6 | 63,925 | 55,153 |
| Other expenditure | 12 | 104,611 | 130,849 |
| Total expenditure | 275,618 | 245,533 | |
| Net losses on investments | 13 | (88,771) | - |
| Net income and movement in funds | 55,395 | 36,991 | |
| Reconciliation of funds: | |||
| Fund balances at 1 January 2025 | 1,318,226 | 1,281,235 | |
| Fund balances at 30 November 2025 | 1,373,621 | 1,318,226 |
The statement of financial activities includes all gains and losses recognised in the period. All income and expenditure derive from continuing activities.
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SOCIETY FOR EDUCATION LIMITED
BALANCE SHEET
AS AT 30 NOVEMBER 2025
| Notes Fixed assets Investment property 15 Current assets Debtors 16 Cash at bank and in hand Creditors: amounts falling due within one year 18 Net current (liabilities)/assets Total assets less current liabilities Creditors: amounts falling due after more than one year 19 Net assets The funds of the charity Unrestricted funds 20 |
2025 £ £ 3,221,363 - 3,607 3,607 (273,250) (269,643) 2,951,720 (1,578,099) 1,373,621 1,373,621 1,373,621 |
2024 £ £ 2,918,772 14,193 22,954 37,147 (30,200) 6,947 2,925,719 (1,607,493) 1,318,226 1,318,226 1,318,226 |
|---|---|---|
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the period ended 30 November 2025.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the trustees on .........................
.............................. .............................. Mrs R Green Mrs S Bamberger Trustee Trustee
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SOCIETY FOR EDUCATION LIMITED
STATEMENT OF CASH FLOWS FOR THE PERIOD ENDED 30 NOVEMBER 2025
| 2025 Notes £ Cash flows from operating activities Cash generated from/(absorbed by) operations 22 Investing activities Purchase of investment property (391,362) Investment income received 294,784 Net cash (used in)/generated from investing activities Financing activities Repayment of bank loans (30,394) Net cash used in financing activities Net decrease in cash and cash equivalents Cash and cash equivalents at beginning of period Cash and cash equivalents at end of period |
£ 107,625 (96,578) (30,394) (19,347) 22,954 3,607 |
2024 £ £ (477,543) - 261,034 261,034 (29,810) (29,810) (246,319) 269,273 22,954 |
|---|---|---|
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SOCIETY FOR EDUCATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 NOVEMBER 2025
1 Accounting policies
Charity information
Society for Education Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is 33 Granville Street, Gateshead, Tyne and Wear, NE8 4EH.
1.1 Reporting period
The financial statements for the current period have been prepared for the 11 months ended 30 November 2025, in order to align the reporting period with the property management reporting cycle.
Accordingly, the comparative figures, which cover the 12 months ended 31 December 2024, are not directly comparable with those of the current period.
1.2 Basis of preparation
The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)". The charity is a Public Benefit Entity as defined by FRS 102.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
1.3 Going concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
1.4 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.
1.5 Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
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SOCIETY FOR EDUCATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 30 NOVEMBER 2025
1 Accounting policies
(Continued)
1.6 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
1.7 Investment property
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in profit or loss.
1.8 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.9 Financial instruments
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
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SOCIETY FOR EDUCATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 30 NOVEMBER 2025
1 Accounting policies
(Continued)
Derecognition of financial liabilities
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
1.10 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
2 Critical accounting estimates and judgements
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
3 Income from donations and legacies
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2025 | 2024 | |
| £ | £ | |
| Donations and gifts | 125,000 | 21,490 |
| Income from investments | ||
| Unrestricted | Unrestricted | |
| funds | funds | |
| 2025 | 2024 | |
| £ | £ | |
| Rental income | 294,426 | 260,508 |
| Interest receivable | 358 | 526 |
| 294,784 | 261,034 |
-
4 Income from investments
-
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SOCIETY FOR EDUCATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 30 NOVEMBER 2025
| 5 | Expenditure on raising funds | ||
|---|---|---|---|
| Unrestricted | Unrestricted | ||
| funds | funds | ||
| 2025 | 2024 | ||
| £ | £ | ||
| Trading costs | |||
| Property management costs | 107,082 | 59,531 | |
| 6 | Expenditure on charitable activities | ||
| Charitable | Charitable | ||
| activities | activities | ||
| 2025 | 2024 | ||
| £ | £ | ||
| Direct costs | |||
| Educational trips | 1,832 | - | |
| Grant funding of activities (see note 7) | 58,900 | 52,453 | |
| Share of support and governance costs (see note 8) | |||
| Governance | 3,193 | 2,700 | |
| 63,925 | 55,153 | ||
| Analysis by fund | |||
| Unrestricted funds | 63,925 | 55,153 | |
| 7 | Grants payable | ||
| Charitable | Charitable | ||
| activities | activities | ||
| 2025 | 2024 | ||
| £ | £ | ||
| Grants to individuals | 58,900 | 52,453 | |
| - | |||
| 8 | Support costs allocated to activities | ||
| 2025 | 2024 | ||
| £ | £ | ||
| Governance costs | 3,193 | 2,700 | |
| Analysed between: | |||
| Charitable activities | 3,193 | 2,700 |
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SOCIETY FOR EDUCATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 30 NOVEMBER 2025
| 9 | Net movement in funds | 2025 | 2024 |
|---|---|---|---|
| £ | £ | ||
| The net movement in funds is stated after charging/(crediting): | |||
| Fees payable for the independent examination of the charity's financial | |||
| statements | 1,440 | 1,200 | |
| Loss on disposal of investment property | 88,771 | - |
10 Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the period. 11 Employees
The average monthly number of employees during the period was:
| Total There were no employees whose annual remuneration was more than £60,000. |
2025 Number - |
2024 Number - |
|---|---|---|
12 Other expenditure
| Unrestricted | Unrestricted | ||
|---|---|---|---|
| funds | funds | ||
| 2025 | 2024 | ||
| £ | £ | ||
| Bank interest | 104,611 | 130,849 | |
| 13 | Gains and losses on investments | ||
| Unrestricted | Unrestricted | ||
| funds | funds | ||
| 2025 | 2024 | ||
| Gains/(losses) arising on: | £ | £ | |
| Sale of investment properties | (88,771) | - |
14 Taxation
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
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SOCIETY FOR EDUCATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 30 NOVEMBER 2025
15 Investment property
| Investment property | |
|---|---|
| Fair value At 1 January 2025 Additions through external acquisition Disposals At 30 November 2025 |
2025 £ 2,918,772 391,362 (88,771 |
| 3,221,363 |
The fair value of the investment property has been arrived at on the basis of a valuation carried out to the balance sheet date by the trustees. The valuation was made on an open market basis by reference to market evidence of transaction prices for similar properties.
| 16 Debtors Amounts falling due within one year: Trade debtors 17 Loans and overdrafts Bank loans Payable within one year Payable after one year |
2025 £ - 2025 £ 1,606,099 28,000 1,578,099 |
2024 £ 14,193 |
|---|---|---|
| 2024 £ 1,636,493 |
||
| 29,000 1,607,493 |
The long-term loans are secured by fixed charges over the charity's investment properties.
- 18 Creditors: amounts falling due within one year
| Creditors: amounts falling due within one year | ||
|---|---|---|
| Notes Bank loans 17 Trade creditors Other creditors Accruals and deferred income |
2025 £ 28,000 3,810 240,000 1,440 273,250 |
2024 £ 29,000 - - 1,200 |
| 30,200 |
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SOCIETY FOR EDUCATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 30 NOVEMBER 2025
19 Creditors: amounts falling due after more than one year
| 2025 | 2024 | ||
|---|---|---|---|
| Notes | £ | £ | |
| Bank loans | 17 | 1,578,099 | 1,607,493 |
20 Unrestricted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
| At General funds Previous year: At General funds |
1 January 2025 Incoming resources Resources expended Gains and losses At 30 November 2025 £ £ £ £ £ 1,318,226 419,784 (275,618) (88,771) 1,373,621 1 January 2024 Incoming resources Resources expended Gains and losses At 31 December 2024 £ £ £ £ £ 1,281,235 282,524 (245,533) - 1,318,226 |
|---|---|
21 Related party transactions
There were no disclosable related party transactions during the period (2024 - none).
22 Cash generated from/(absorbed by) operations
| Cash generated from/(absorbed by) operations Surplus for the period Adjustments for: Investment income recognised in statement of financial activities Loss on disposal of investment property Movements in working capital: Decrease/(increase) in debtors Increase/(decrease) in creditors Cash generated from/(absorbed by) operations |
2025 £ 55,395 (294,784) 88,771 14,193 244,050 107,625 |
2024 £ 36,991 (261,034) - (14,193) (239,307) |
|---|---|---|
| (477,543) |
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SOCIETY FOR EDUCATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 30 NOVEMBER 2025
| 23 Analysis of changes in net (debt)/funds At 1 January 2025 £ Cash at bank and in hand 22,954 Loans falling due within one year (29,000) Loans falling due after more than one year (1,607,493) (1,613,539) |
Cash flows At 30 November 2025 £ £ (19,347) 3,607 1,000 (28,000) 29,394 (1,578,099) 11,047 (1,602,492) |
|---|---|
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