**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 Page 1 ## **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. - To help establish support and maintain Torah education institutions and to generally further promote all activities connection therewith. - To promote advance religion in accordance with the doctrines and principles of orthodox Judaism. - To promote the relief of poverty amongst persons of the Jewish faith. - 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. Page 2 ## **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 - select suitable accounting policies and then apply them consistently; - observe the methods and principles in the Charities SORP; - make judgements and estimates that are reasonable and prudent; - state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; - 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 Page 3 ## **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). - In our opinion the financial statements: - 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; - have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and - 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: - the information given in the Report of the Trustees is inconsistent in any material respect with the financial statements; or - sufficient accounting records have not been kept; or - the financial statements are not in agreement with the accounting records and returns; or - we have not received all the information and explanations we require for our audit. Page 4 ## **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. Page 5 ## **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 Page 6 ## **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 Page 7 ## **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 Page 8 ## **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 Page 9 ## **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| |---|---|---| ## **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 Page 10 **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| |---|---|---| |||| Page 11 ## **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| |---|---|---| Page 12 ## **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| |---|---| ## **6. SUPPORT COSTS** Page 13 ## **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| |---|---| ## **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)| |---|---|---|---| Page 14 ## **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. Page 15