COMPANY REGISTRATION NUMBER: 05373032 CHARITY REGISTRATION NUMBER: 1109706 Friends of Bnei Akiva (Bachad) Company Limited by Guarantee Unaudited Financial Statements 30 September 2025 HAROLD EVERErr WREFORD LLP Chartered accountants Hallswelle House 1 Hallswelle Road London England NW11 ODH
Friends of Bnel Akiva (Bachad) Company Llmited by Guarantee Flnancial Statements Year ended 30 September 2025 Page Trustees, annual report (incorporating the directorfs report} Independent examinerfs report to the trustees Statement of financial activities (including income and expenditure account) Staiement of financial position ststement of cash flows Notes to the financial statements 10
Friends of Bnei Akiva (Bachad) Company Llmit•d by Guarantse Trustees. Annual Report {Incorporating the Directorfs Report) Year ended 30 September 2025 The Iruslees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 30 September 2025. Reference and adminlstrative dotalls Friends of Bnei Akiva IBachad) Re9lstered charlty narn• ChaTlty r•glstration number Company reglstrallon numbgr 05373032 Prlncipal Offi and règlstor¢d 2 Hallswelle Road offlco London NW11 ODJ 11097( The trustges Mr S Blumgart Mr M Weinstein Mr S Melnick Ind¢pondent examlner P P SmulovilGh Hallswelle House 1 Hallswelle Road London England NW11 ODH Structure. governance and managem•nt GOVERNING DOCUMENT Friends of Bnei Akiya (Bachadl is a charitable company. limited by guarantee. Incorporated on 22 FebTuary 2(5 and registered as a ¢harlty with the Charity Commission on 26 May 2005. The company ds established under a Memorandum of Associalion which established the obc1S and p)W8rs of the ch8ritable company and is governed under rts Artides of Association. APPOINTMENT OF TRUSTEES The directors of the company are also ¢harity trLfStees for the purposes of charty law. The charitable company is managed by a board of Iruslees which is rèsponsible for setting the Strateg direction of the org8nisalion and for establishing policy. The Irustees are appointed by the board on the recommendalK)n of other members of the board. TRUSTEE INDUCTION AND TRAINING All longstanding trustees are slready familiar with the yactical work of the Gharity and new trustees are encouraged lo attend board meetings lo familiarise themselves with the charity and the coniext wthin which it operates.
Friends of Bnei Akiva (Bachad) Company Llmltsd by Guarantee Trustees. Annual Report (Incorporating the Dlrectorfs Report) {wDtinued) Year ended 30 September 2025 Structure. govornancg and managgment fcontlnu•dJ ORGANISATION STRUCTURE As mentioned above, the charSty Is managed by a board of tnjslees. The trustees meet on a regular basis lo deal wth special business. The Charty works closely, in a spirit of friendship and co-operation wf(h 8nei Akiva. Ils members are rnade up of parents. former members and well-wishers. They sUpt the work with fund-raising and collecting donations for capital projects, as well as supporting Bnei Akiva with funds for ils educational work. RELATED PARTIES The charity has a close relationship with Bnei Akiva for whom il Sup5 financial and other support. Bnei Akiva is the world's18rgesl religious Zionist youth organisalion, active all over the wodd. with ov 50,CKIO members. RISK MANAGEMENT The trustees have conducted a review of the major risks to whlch the charlty Is exposed. Where appropriale, systems or prOdureS have been estsblished lo miligate the risks the charty faces. Internal control risks are minimised by the implementslion of procedures for authorisation of al transaclions and projects. Procedures are in place lo ensure compliance wth health and safety of staff, volunleers. and visitors to the youth centres. These procedures are peflodiGally reviewed to ensure that they continue lo meet the needs of the charity. The charity manages its financial fisk by settlng a reserves policy which is regulady reviewed by trustees. Objectlvos and activitiès The principal objectives of the charity throughout the year have been to foster and promote education (including educatton in the Jewish Religion) for Jewlsh youth in The United Kingdom and in Israd. These objectives are achieved by providing support, financial and otherwise, to Bnei Akiva. The charty also provides grants for needy individuals children lowards the ¢o$l of various Bnei Akiva Camps. Israel trips. and other events. The charity has y)uth cenlres in Manchester and London for th8 purposes of aGhieving these obleclives. Slrateglc report The follwng sedions for achievements and perfcffmance and flnancial review form Ihg strategic report of the charity. Achievements and perforniance The main aaS of ch*ilable activities are the provision and maintenance of the youth centres in London and Salford, organising events and providing grants to Bnei Aklva.
Friends of Bnei Akiva {Bachad) Company Limlted by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (condnued) Year ended 30 September 2025 Financlal review During the year, the charity's fvnds have been applied in furtherance of its objectives and the day to day running of the charity. In the year to 30 September 2025, incoming resources amounted to £141,735 {2024: £417.6101 and resources expended amounlgd to £390,34712024: £443.970). At 30 Seplemter 2025, the charty had a total unrestricted fund balance of £1,860.503 12024.. £2,109.1151. There have been no changes in thg accounting policies of the charlty during Ihe ye8r. The charity wll continue to depend on donors and past and present members who have supported our actlvitie5. The trustees would like lo express our gratitude lo our donors, members, and volunteers who have generously given of their time and efforl and have contributed towards the ¢hariVs actNlties and objeclNes. RESERVE POLICY The trustees have rewewed the eharrtvs needs for r85erves in line with the guidance issued by the Charity Commission and have concluded that the general reseNes arnounling to £1.860.503 (2024.. £2,109,115) are necessary to maintain thg day to day mnniro of the charity and lo ad)ieve its objectives. PUBLIC BENEFIT The trustees have considered the guidance published by th8 Charity Commission and believe Ihat the charity in carrying out its objectives, fully complies wth these requirements. In particular the work with fund-raising and collecting donations for capital prolecls, and supporting 8nei Akiva wth funds for t educational work and supporting jewsh youth through traditional r81igious educalw)n and social activities automatically gives rise lo a public beneflt. Each year the trustees review the objectives aThJ activities of the charity lo ensure Ihat they continue lo reflect these aims. In carrying out this review th8 trustees have consideTed the Charity Commission's general guidance on public benefrt and in particular ils supplementary public guidance on the advan¢gmenl of religion for the public benefit. Plans for future periods The Charity plans to continue the activities as outtined above.
Friends of Bnei Aklva (Bachad) Company Limited by Guarante• Trustses. Annual Report {Incorporating the Director's Report) (continu8dJ Year ended 30 September 2025 The Iruslees. annual report and the strategi¢ report were approved on 29 April 2026 and signed on behaK of the board of trustees by: Mr S Melnick Tnjslee
Friends of Bnei Akiva (Bachad) Company Llmited by Guarantee Indepandent Examinerfs Report to the Trust•es of Friends of Bnei Akiva (Bachad) Year ended 30 September 2025 report to the trustees on my examinatlon of Ihe financlal statemenls of Friends of Bnei Akiva (Bachad) Ilhe charity,) for the year ended 30 Seplember 2025. Responslbilitiès and basls of report AS the Iruslees of the company land also its drectors for the purposes of company lawl you are responsible for the prepamtion of the financial Statements In accordance with the requirements of the Companies Act 2006 {Ihe 2006 Act'l. Having satisfied myself Ihal the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the Charity's accounts as carried out under section 145 of the Charities Act 2011 ('Ihe 2011 ACV). In carrying out my examination I have followed th8 Directions given by the Charity Commission under section 145(5)Ib) of the 2011 Act. Independent examlnerfs statemont I have completed my examination. I confirm that no matters have come lo my attention in connection with the examinÈlM)n giving me cause to believe: accounting records were not kept in resF*Ct of the chartty as required by section 386 of ihe 2006 Act" or the financial statements do nol accord wth those words.. or the financial statements do not comply with Ihe accounting requirements of sectSon 396 of the 2006 Act other than any requwemenl that the accounts give a 'true and falrf vlew whi¢h is not a matter considered as part of an independent examination,. or the fInarla1 stslemenls have not been prepareé in accordance with Ihe methods and prinelples of the Slalemenl of Recommended Practice for accounting and reporting by charlties applicable to charities preparing their accounts in accordance with the Financial Reportiro Standard applicablg in the UK and Republic of Ireland IFRS 1021. I have no ¢oncerns and have come across no other matters in nneCtIon wth the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts lo be reached. P P Smulovitch Independent Examlner Hallsw8lle Hwse 1 Hallswelle Roaj London England NW11 ODH 29 April 2026
Friends of Bnei Akiva (Bachad) Company Limlted by Guarantee Statement of Financial Activities (including income and expgnditure account) Year ended 30 September 2025 2025 2024 UnrestriGted funds Total funds Total funds Income and éndowmont• Donations and legacies Other income 92,153 49.582 92,153 49,582 141,735 367.685 49.925 Total Incomo 141.735 417,610 Expendlture Expenditure on ralslng funds= Costs of raising donations and legacies Expendilure on charitable aclivities Total expendlture 40.2 350.051 40,296 350,051 390.347 19,511 424.459 390,347 443,970 Net expendlturg and not movgmént In funds {248,6121 (248.6121 {26,360) R•conciliatlon of funds Total fijnds brought forward Total funds Carri forward 2,109,115 1,860,503 2,109.115 1,860,503 2,135,475 2.109,115 The statement of financial activities indudes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The notss on pay6 10 10 15 fomi part of these financlal statomgnts.
Frlends of Bnei Akiva (Bachad) Company Limited by Guaranteo ststement of Financlal Position 30 September 2025 2025 2024 Note Fixed assets Tangible fixed assets 13 2.743.778 2,746,360 Curront assets Debtors C88h at bank and In hand 14 1,304 62,257 63,561 59,018 34,205 93,223 Creditors: amounts falllng due wlthin one year Net currgnt liabllltios 15 221,771 158,210 2.585,568 185,403 92,180 2,654,180 Total assgts l•ss currènt Ilabilities Creditors: amounts falling due aftor more than one year Net asséts 16 725,065 1,860,503 545,065 2,109,115 Funds of the charity Unreslricted funds- Revaluation reserve Other unreslricted income funds 1.081,488 779,01 S 1,860,503 17 1,860,503 1.081,488 1.027.627 Total unrestrictad funds 2.109,115 2,109,115 Total charlty funds For the year eThJin9 30 September 2025 the charity was enlilled lo exemption from audit under secllon 477 of the Companies A¢1 2006 relating to small companw. Direclor$' responsibilities: The members have not required the company lo obtain an atKlit of its fir)ancial statements for the year in question in accordance with sectlon 476,. The directors acknowledge their responsibilities for complying with the requirements of the Act wlh respect to accounting reGords and the Preparat of financial statemenls. These financial statements have been prepared in arKordan¢e yth the provisions applicabte lo ompanies subject to the small companies, regime. The statement of financial position continues on the following page. Tho nots$ on pages 10 to IS form part of these financlal $tatements.
Friends of Bnei Akiva {Bachad) Company Llmlted by Guarantee statement of Financial Posltlon (¢OAdndl 30 Saptember 2025 These financial statements were approved by the board of trustees and aulhorised for Issue on 29 April 2026, and are sne on behaw of the t4)ard by: Mr S Melnick Trustee Th• notes ¢)n pago8 10 to 15 lorm part of these finan¢i81 statemènts.
Friends of Bnei Akiva (Bachad) Company Limlted by Guarantee Statement of Cash Flows Year ended 30 September 2025 2025 2024 Cash flows from operating actlvitigs Net expenditure (248,612) 126.360} AdjUStntS for.. Depreciation of tangible fixed assets Accrued lincomeyexpenses 1582 (14,3211 2,985 14,321 Changes in.. Trade and other debtors Trade and other creditor¥ Cash generated from operat)nS Nel cash from operating actlvilies 57.714 230.689 28,052 28.052 140,2601 49,713 399 Cash flows from investing activities Purchase of tangible assets Net cash used in investing activiti {8,676) (8,6761 Net increagel{decrease} In cash and cash equlvalents Cash and cash equlvalents at beglnning of year Cash and cash equlvalents at ond of yoar 28,052 34,205 62,257 18,2771 42,482 34.205 Th• notes on pages 10 10 15 fonn p•rt of thes• financlal stat•m•nt8.
Friends of Bnei Akiva (Bachad) Company Limited by Guarantee Notes to the Financlal Statements Year ended 30 September 2025 General information The charty is a public benefit entity and a private company limited by guarantee. reglstered in England and Wales and a registered charity in England and Wales. The address of the registered office is 2 Hallswelle Road, London, NW11 ODJ. Statgmgnt of compliance These financial statements have been prepared in ¢ompliance with FRS 102. The Financlal Reporting Slandaré applicable In the UK and the RepuNic of Ireland,, the Statement of Recommended Practice applicable lo charities preparing their accounts in accordance wlh the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 {Charilies SORP (FRS 102)) and the Companies Act 2006. Accountlng poli¢io8 Basis of prÈparatlon The financial statements have been prepared on the historical cost basis. as modified by the revaluation of certain financial assets and liabilities 8rKI Investment picperties measured at falr value through income or expendibjre. The financlal statements are prepared in sterling. which is th8 functional currency of the entity. Golng conr There are no material uncertainties about the charitys ability to continue. Judgements and koy SOUTces of estimation uncertainty The preparation of the financial stslemenls requSres management to make judgements. estimates and assumplior)s that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future evenls that are believed to be reasonable under the circurn5tances. Fund accountlng General funds are unrestriGated funds lch are available for use at the discretion of the Iruslees in furtherance of Ihe gener21 objectifies of the charity and which have not been deSr)ated for other purposes. Reslrided funds are funds which are lo be used in accordance wth specrfic restrielions imposed by donors or vthich have been raised by the charity for particular purposes. The cost of raising and administering such funds is charged against the spe¢rfi¢ fund. The aim and use of each of the reslricled funds is set OLtI in the note5 to the financial statements. 10-
Friends of Bnei Akiva (Bachad) Company Limited by Guarantee Notes to the Financial Statements (conllnuod) Year ended 30 Septsmber 2025 Accounting poliGi8$ IconLlnv8dl Incomlng re80urGes All incoming resources are induded in the statement of financial activities when entitlement has passed lo the charity., it is probable that ihe economic benefits associated wlh the transaction will flow lo the charity and the amount can be reliably measured. The followng Specif poli¢ies are applied to particular categories of ifWJme'. income from donations or gr8nls is recognised when there is eVide[e of entillemenl to the grft, receipt Is probable and its amount can be measured reliably. legacy Income is recognised when receipt Is FKobable and entiuemenl is estsblished. Income from donated gcK)ds is measured at the fair value of the g¢)ods unless thls is impractical lo measure reliably. in which case the value is derived from the cost lo the donor or the estimated resale value. Donated facilities and seNices are reeognised in the accounts when received if the valve can be reliably measured. No amounts are included for the contribution of general volunteers. income from contracts for the supply of services is recognised wlh the delivery of the contracted servi. This is dassified as unrestricted furvjs unless there is a contractual requirement for it lo be spent on a particular purpose 2nd returned rf unspent. in which case it may be regarded as restricted. Resources oxpended Expendilure 15 recognised on an accruals basis as a liabilty is incurred. Expenditure includes any VAT which cannot be fully recovered and is reported as part of the expenditure lo whi¢h it relates. Costs of generating funds comprise the costs associated with attracting voluntary income and the costs of fundraising activitie5 carried out by the charity. Charitable expenditure comprises those costs incurfed by the charity in the delivery of its activities and services for its beneficiaries. 11 includes both costs that can be allocated éirectly lo such activities and those costs of an indire¢l nature ne¢essary to support them. Governance costs include those costs associated with meeting the con51itulional and slalut¢Xy requirements of the charity and include the accountancy fees and costs linked to the strategic management of the charity. All costs are allocated between the expendiluTe categories of the SOFA on a basis designed to refiect the use of the resource. Wh&re costs cannot be direclly attributed to particular headings they have been allocated on a basis consistent wrth the use of the resources. Tangible 888ets Freehold properties are shown at valuation and the other fixed assets are Inllially recorded at cost. No depreciation is provided on freehold land and builéings a5 the charity has a policy and pra¢lice of regular repairs and maintenance {charge9 for which are recognised in the income and expenditure account) such that the freehold land arKI buildings is maintained al its existing stale. 11
Friends of Bnei Akiva (Bachad) Company Limlted by Guarantee Notes to the Financial Statements (¢ontlnuodJ Year ended 30 September 2025 Accountlng poliGies (contlnuvd} Depreciation Depreciatn is calculated so as lo write off the cogt or valuation of an asset, less ils residual value, OV8T the useful economi¢ lrfe of that asset as follows: Fixtures, fittings & equipment Religious artefacts 20Yo reducing balance 2% slraighl line Flnanclal Instruments A financial asset or a financial liability 15 reco9nised onty when Ihe entity becomes a party lo the contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount receivable or paable including any related transaction costs, unless the arrangement ¢onslitules a financing transaction, where il is recognised at the present value of the future payments discounted at a market rate of interest for a SImar debt instrument. Current assets and current liabilities are subsequently measured at the cash or other consideration expected lo be paid or received and not discounted. Llmlted by guaranlee Friends of Bnei Akiva (Bachad) is a charitable comp2ny, Ilmiled by guarantee. iftcorporaled on 22 February 2005 and registered as a charty with the Charity Commission on 26 May 2005. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Associatson. In the evenl of the company being wound up, members are required to contribute an amount not exceeding £10. Donations and l•gacles Unreslricled Total Fynds Unresiricted Total Funds Funds 202S Funds 2024 Donations Donations and covenants Other rental and hall hi Events and appeals 109,024 8,694 125,565) 92,153 109.024 8,694 (25,565) 92,153 379,960 8,908 121,1831 367.685 379,960 8,908 121,183) 367,685 other income Unrestricte(i Total Funds Unreslrided Total Funds Funds 2025 Funés 2024 Rents receNed 49,582 49,582 49.925 49.925 12-
Friends of Bnei Akiva (Bachad) Company Limited by Guarantee Notes to the Flnanclal Ststgmonts (cortinued) Year ended 30 September 2025 Costs of raising donations andlogacles Unreslricled Total Funds Unreslricled Total Funds Funds 2025 Funds 2024 Costs of raising donations and legacies Donations 40,298 40.296 19,511 19.511 Expendlture on ¢harltable activitiè# by fund type Unrestrlcled Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Grants paid Support cosls 226,269 123,782 226.269 123.782 304.188 120,271 304,188 120,271 350,051 350.051 424,459 424,45g Analysls of support costs Analysis of Supwrt costs Tolal 2025 Total 2024 Premises General office Governance costs 75,614 44,617 3,551 123,782 75.614 44,617 3,551 123.782 76,856 39.762 3,654 120.272 10. Not oxpendlture Net expenditure is stsled after chargingllcrediling}: 2026 2024 Depreciation of lang1te fixed as5els 2,582 2,985 11. Indepgndent •xamlnation fo85 2025 2024 Fees payable to the independent examir)er for- Ind8pendenl examination of the financial statements 3,360 3,360 12. Trust romuneration and expenses No remuneraliorb or other benefits from employment wth the charity or a related entity were received by the trustees. 13-
Friends of Bnei Akiva (Bachad) Company Limited by Guarantse Notes to the FlnancSal Statements (cortinu8dJ Year ended 30 September 2025 13. Tanglble fix assets Land and buildings Equipment Torah scrolls Cost At 1 October 2024 and 30 September 2025 Dapr•clatlon At 1 October 2024 Charge for the year At 30 September 2025 Cwrying amount At 30 Septembor 2025 At 30 September 2024 2,700,000 37,723 48,666 2,786,388 29,675 1.609 10,353 973 40,028 2,582 42,610 31,284 11,326 2,700.000 2,700.000 6,439 37.339 2,743.778 2,746,3 38,312 14. Dèbtors 2025 2024 Trade debtors Tax on grft aid 6,628 52.3 1,304 1,304 59,018 15. Crndltors: amounts falllng due within one year 2025 2024 Accruals and deferred income Other credrtors 3.360 218,411 17,681 167.722 185,403 221,771 Other creditors relate lo amounts due to Bnei Akiva of Gt Britain & Ireland. 16. Credltors: amounts falllng due aftor more than one yoar 2025 2024 Other creditors 725,065 545,¢Y)5 Other creditors wholly comprise of an inler8sI free loan from one of th8 trustees amounting to £725,065 {2024 £545.065). 14-
Friends of Bnei Aklva (Bachad) Company Limited by Guarantee Notes to the Flnancial Statements (continu Year ended 30 September 2025 17. Anatysls of charitablo funds Unrestricted fund8 Al 1 October 202 At 30 Sept•mbe r 2025 Income Expendtiure Unreslricled Fund - General Fund Revaluation reserve 1,027,627 1,081,488 2,109,115 141.735 (390,3471 779,01 S 1,081,488 {390.347} 1,860,503 141,735 Al 1 October 202 At 30 September 2024 Income Expenditure Unrestricted FurKI - General Fund Revaluation reserve 1.053.987 1.081.488 417,610 {443,970) 1.027,627 1.081,488 {443,g70) 2,109,115 2,135.475 41T,610 18. Analysis of not ass•ts botwoen funds UnreslrScted Total Funds Funds 2025 Tangible fixed assets Current assets Creditors less than 1 year Creditors greater than 1 year Ngt ass¢ts 2,743,778 2.743,778 63,561 63,561 {221,771) {221,7711 (725,065) {725,0651 1.860.503 1,860.503 Unrestricted Total Funds Funds 2024 Tanglble fixe¢J assets Current assets Creditors less than 1 year Creditors greater than 1 year Net ass•ts 2.746,360 2,746,360 93,223 93,223 1185,403) 1185,403) 1645,065) 1545,065) 2.109.115 2,109.115 19. Analysis of changes In net debt At At 1 Oct 2024 Cash flows 30 Sep 2025 Cash al bank and in hand 34,205 28.052 62.257 -15-