REGISTERED CHARITY NUMBER: 1121439
THE BENZI DUNNER SCHOOLS TRUST REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
Sugarwhite Meyer Accountants Ltd Chartered Accountants & Statutory Auditor First Floor 94 Stamford Hill London N16 6XS
THE BENZI DUNNER SCHOOLS TRUST
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
| Page | |
|---|---|
| Reference and Administrative Details | 1 |
| Report of the Trustees | 2 to 3 |
| Report of the Independent Auditors | 4 to 6 |
| Statement of Financial Activities | 7 |
| Balance Sheet | 8 |
| Cash Flow Statement | 9 |
| Notes to the Cash Flow Statement | 10 |
| Notes to the Financial Statements | 11 to 15 |
THE BENZI DUNNER SCHOOLS TRUST
REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 AUGUST 2025
TRUSTEES
PRINCIPAL ADDRESS
Rabbi S Weingarten Rabbi D Stern 1 Albert Road London NW4 2SH
REGISTERED CHARITY 1121439 NUMBER AUDITORS Sugarwhite Meyer Accountants Ltd Chartered Accountants & Statutory Auditor First Floor 94 Stamford Hill London N16 6XS BANKERS National Westminster Bank Plc 21 Golders Green Road London NW11 8EB
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THE BENZI DUNNER SCHOOLS TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025
REFERENCE AND ADMINISTRATIVE INFORMATION
The information is shown on page 1 of the financial statements and forms part of this report.
OBJECTIVES AND ACTIVITIES
Objectives and aims
The trustees shall hold the trust fund and its income upon trust to apply them for the following objects.
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To help establish support and maintain Torah education institutions and to generally further promote all activities connection therewith.
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To promote advance religion in accordance with the doctrines and principles of orthodox Judaism.
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To promote the relief of poverty amongst persons of the Jewish faith.
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To further such other charitable purposes which the trustees may determine are connected with the above clauses.
Public benefit
The Trustees confirm their compliance with the duty to have due regard to the Public Benefit guidance published by the Charity Commission when reviewing the Charity's aims and objectives and in planning future activities.
Grantmaking
Grants are made to charitable institutions and organisations which accord with the objects of the charity. On the restricted fund, grants are made in accordance with the wishes of the donor once sufficient checks are undertaken to ensure the recipient's objectives are both charitable and in line with the objectives of the charity.
ACHIEVEMENTS AND PERFORMANCE
Charitable activities
The trustees are satisfied with the results for the year. Income was materially in line with the previous year; grants paid to schools and other charities increased by 16% in comparison with the previous year. The charity derives its income from donations; the charity recorded a small deficit for the year which was funded from reserves. Grants made to schools and other charities amounted to £1,046,157 (2024: £901,940).
FINANCIAL REVIEW
Reserves policy
It is the charity's policy that only funds that have cleared the bank be allowed to be drawn by donors via the voucher system. Reserves at the year end stood at £799,979 (2024: £802,723).
FUTURE PLANS
The charity plans to continue its activities for the foreseeable future subject to satisfactory income.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is governed by a Declaration of Trust dated 3rd August 2007 and constitutes a Charitable Trust.
Recruitment and appointment of new trustees
The power to appoint new trustees is vested in the continuing board. It is not the intention of the trustees to appoint any new trustees. Should the situation change in the future, the trustees will apply suitable recruitment, induction and training procedures.
Organisational structure
The Board of Trustees must have at least two trustees serving at any one time. There is an administration committee dealing with fundraising and raising the charity's profile. The day-to-day running of the charity is by an administrator Meetings are held periodically throughout the year.
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THE BENZI DUNNER SCHOOLS TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025
STRUCTURE, GOVERNANCE AND MANAGEMENT
Induction and training of new trustees
All new trustees are given, in the view of the board, sufficient training and have enough knowledge of their specific field to understand the nature of the charity and fully comply with the charity's current views of its progression.
Risk management
The trustees have reviewed the major risks to which the charity is exposed and confirm that they have established systems to mitigate them.
STATEMENT OF TRUSTEES' RESPONSIBILITIES
The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Charity law requires the trustees to prepare financial statements for each financial year. Under that law, the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).
Under charity law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011 and The Charity (Accounts and Reports) Regulations 2008. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the board of trustees on 25 June 2026 and signed on its behalf by:
Rabbi D Stern - Trustee
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REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF THE BENZI DUNNER SCHOOLS TRUST
Opinion
We have audited the financial statements of The Benzi Dunner Schools Trust (the 'charity') for the year ended 31 August 2025 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
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In our opinion the financial statements:
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give a true and fair view of the state of the charity's affairs as at 31 August 2025 and of its incoming resources and application of resources, for the year then ended;
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have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
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have been prepared in accordance with the requirements of the Charities Act 2011.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
Other information
The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.
Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.
Matters on which we are required to report by exception
We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:
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the information given in the Report of the Trustees is inconsistent in any material respect with the financial statements; or
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sufficient accounting records have not been kept; or
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the financial statements are not in agreement with the accounting records and returns; or
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we have not received all the information and explanations we require for our audit.
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REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF THE BENZI DUNNER SCHOOLS TRUST
Responsibilities of trustees
As explained more fully in the Statement of Trustees' Responsibilities, the trustees are responsible for the preparation of the financial statements which give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.
Our responsibilities for the audit of the financial statements
We have been appointed as auditors under Section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
In performing an audit, we exercise professional judgment and maintain professional scepticism throughout the audit.
We also identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. The risk of not detecting a material misstatement resulting from fraud is higher than one for one resulting from error, as fraud may involve collusion, forgery, intentional omissions misrepresentation or override of internal control.
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the charity's internal control.
Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements.
Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about charity's ability to continue as a going concern for a reasonable period of time.
We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control related matters that we identified during the audit.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.
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REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF THE BENZI DUNNER SCHOOLS TRUST
Use of our report
This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for our audit work, for this report, or for the opinions we have formed.
Sugarwhite Meyer Accountants Ltd Chartered Accountants & Statutory Auditor First Floor 94 Stamford Hill London N16 6XS
25 June 2026
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THE BENZI DUNNER SCHOOLS TRUST
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2025
| Notes INCOME AND ENDOWMENTS FROM Donations and legacies 2 Investment income 3 Total EXPENDITURE ON Charitable activities 4 Grantmaking Printing and advertising Support Education fundraising promotion Total NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
2025 Restricted fund £ 1,073,266 24,431 1,097,697 1,046,157 34,974 13,080 6,230 1,100,441 (2,744) 802,723 799,979 |
2024 Total funds £ 1,074,427 24,849 1,099,276 901,940 35,049 10,560 - 947,549 151,727 650,996 802,723 |
|---|---|---|
The notes form part of these financial statements
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THE BENZI DUNNER SCHOOLS TRUST
BALANCE SHEET 31 AUGUST 2025
| Notes CURRENT ASSETS Cash at bank CREDITORS Amounts falling due within one year 8 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 9 Restricted funds TOTAL FUNDS |
2025 Total funds £ 805,859 (5,880) 799,979 799,979 799,979 799,979 799,979 |
2024 Total funds £ 806,683 (3,960) 802,723 802,723 802,723 802,723 802,723 |
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 25 June 2026 and were signed on its behalf by:
Rabbi D Stern - Trustee
The notes form part of these financial statements
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THE BENZI DUNNER SCHOOLS TRUST
CASH FLOW STATEMENT FOR THE YEAR ENDED 31 AUGUST 2025
| Notes Cash flows from operating activities Cash generated from operations 1 Net cash (used in)/provided by operating activities Cash flows from investing activities Interest received Net cash provided by investing activities Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period Cash and cash equivalents at the end of the reporting period |
2025 £ (25,255) (25,255) 24,431 24,431 (824) 806,683 805,859 |
2024 £ 130,838 130,838 24,849 24,849 155,687 650,996 806,683 |
|---|---|---|
The notes form part of these financial statements
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THE BENZI DUNNER SCHOOLS TRUST
NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 AUGUST 2025
1. RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
| Net (expenditure)/income for the reporting period (as per the Statement of Financial Activities) Adjustments for: Interest received Increase in creditors Net cash (used in)/provided by operations |
2025 £ (2,744) (24,431) 1,920 (25,255) |
2024 £ 151,727 (24,849) 3,960 130,838 |
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2. ANALYSIS OF CHANGES IN NET FUNDS
| At 1.9.24 | Cash flow | At 31.8.25 | |
|---|---|---|---|
| £ | £ | £ | |
| Net cash | |||
| Cash at bank | 806,683 | (824) | 805,859 |
| 806,683 | (824) | 805,859 | |
| Total | 806,683 | (824) | 805,859 |
The notes form part of these financial statements
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THE BENZI DUNNER SCHOOLS TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised in the year in which they are incurred and includes irrecoverable VAT which is reported as part of the expenditure to which it relates.
Grants are only recognised in the accounts when paid.
Support costs are those incurred to assist the work of the charity but are not direct charitable activities.
Governance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Going concern
There are no material uncertainties about the charity's ability to continue.
2. DONATIONS AND LEGACIES
| Donations 3. INVESTMENT INCOME Deposit account interest |
2025 £ 1,073,266 2025 £ 24,431 |
2024 £ 1,074,427 2024 £ 24,849 |
|---|---|---|
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THE BENZI DUNNER SCHOOLS TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2025
4. CHARITABLE ACTIVITIES COSTS
| Grant funding of activities Direct (see note Costs 5) £ £ Grantmaking - 1,046,157 Printing and advertising 34,974 - Support - - Education fundraising promotion - 6,230 34,974 1,052,387 5. GRANTS PAYABLE Grantmaking Education fundraising promotion The total grants paid to institutions during the year was as follows: Grants to institutions Total grants paid is comprised as follows: Achisomoch Aid Company Ltd Ahavas Chesed Trust Aid And Relief Amud Hatzdokoh Trust Ateres Beis Yaakov Ltd Bait Limud Vchesed Bederech Kovod Beis Chinuch Primary School Ltd Mechinah Golders Green Ltd Beth Shmuel Synagogue Ltd Beis Yaakov Primary School Foundation Beth Jacob Grammar School For Girls Limited Bnos Beis Yaakov Primary School Ltd The Bridge Lane Beth Hamedrash Beis Yaakov Primary School Foundation CML - Chevras Mo'oz Ladol Collel Chibath Yerushalayim, Rabbi Meir Baal Hanes Trust Edgware Adath Yisroel Congregation Limited Friends of Beis Soroh Shneirer Friends Of Mercaz Hatorah Belz Macnivka FUNDD Jewish Teachers' Training College Golders Green Beth Hamedrash Congregation Hasmonean Primary School Hendon Adath Yisroel Congregation KHG Kollel Shomre Hachomos |
Support costs (see note 6) £ - - 13,080 - 13,080 2025 £ 1,046,157 6,230 1,052,387 2025 £ 1,046,157 |
Totals £ 1,046,157 34,974 13,080 6,230 1,100,441 2024 £ 901,940 - 901,940 2024 £ 901,940 5,523 9,357 5,370 96,111 10,000 5,832 17,881 20,000 10,360 7,306 5,293 5,000 10,000 8,760 15,000 18,079 17,426 6,817 8,227 12,438 5,129 6,031 6,397 5,000 9,945 6,299 9,126 |
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THE BENZI DUNNER SCHOOLS TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2025
5. GRANTS PAYABLE - continued
| Kupat Chaim V'chesed Friends of Kupat Hakahal Kirhyat Sefer Menorah Foundation Menorah High School for Girls The Menorah Primary School Mercaz Chasidei Wiznitz Trust MGS Charitable Trust Mifal Hachesed Vehatzedokoh Mifal Tzedoko V'cheshed Limited Mowbray Buildings Ltd Nancy Reuben Primary School Ner Yisrael Ner Yisrael Gemach Noam Educational Trust NWLJ Schools Planning Committee NWSS - Hagers One Heart - Lev Echod PHGS Foundation Ltd Reb Shayale's Tzeduke Shiras Devorah Ltd String Of Pearls Support The Charity Worker TS Trust Talmud Torah Education Ltd Tiferes High School Ltd Talmud Torah Tiferes Shlome Trust Toirem Torah (5759) Limited Torah Temimoh Primary School Torah Vodaas Ltd WST Charity Ltd Yad Vochessed Association Limited Yesamach Levav Yishaya Adler Memorial Fund Others below £5,000 SUPPORT COSTS Support |
8,774 10,324 10,000 10,000 20,000 11,165 10,000 8,990 6,554 10,000 10,000 6,188 6,149 10,000 5,000 11,879 17,329 8,556 11,280 15,000 10,000 5,999 9,436 5,513 20,000 26,784 20,733 7,664 10,000 25,263 40,324 12,563 16,062 15,759 270,162 1,046,157 Governance costs £ 13,080 |
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6. SUPPORT COSTS
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THE BENZI DUNNER SCHOOLS TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2025
6. SUPPORT COSTS - continued
Support costs, included in the above, are as follows:
Governance costs
| Auditors' remuneration Auditors' remuneration for non audit work Bookkeeping |
2025 2024 Total Support activities £ £ 3,960 3,960 1,920 - 7,200 6,600 13,080 10,560 |
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7. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 August 2025 nor for the year ended 31 August 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 August 2025 nor for the year ended 31 August 2024.
8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Other creditors MOVEMENT IN FUNDS Restricted funds Restricted fund TOTAL FUNDS |
At 1.9.24 £ 802,723 802,723 |
2025 £ 5,880 Net movement in funds £ (2,744) (2,744) |
2024 £ 3,960 At 31.8.25 £ 799,979 |
2024 £ 3,960 |
|---|---|---|---|---|
| 799,979 |
9. MOVEMENT IN FUNDS
Net movement in funds, included in the above are as follows:
| Restricted funds Restricted fund TOTAL FUNDS |
Incoming resources £ 1,097,697 1,097,697 |
Resources expended £ (1,100,441) (1,100,441) |
Movement in funds £ (2,744) (2,744) |
|---|---|---|---|
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THE BENZI DUNNER SCHOOLS TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2025
9. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net movement At 1.9.23 in funds £ £ Restricted funds Restricted fund 650,996 151,727 TOTAL FUNDS 650,996 151,727 Comparative net movement in funds, included in the above are as follows: Incoming Resources resources expended £ £ Restricted funds Restricted fund 1,099,276 (947,549) TOTAL FUNDS 1,099,276 (947,549) |
At 31.8.24 £ 802,723 802,723 Movement in funds £ 151,727 151,727 |
|---|---|
10. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 August 2025.
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