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← Bais Malka Ltd

2024-03-31-accounts

Company Registration Number - 06407566

The Charity Registration Number is :- 1125696

Bais Malka Limited

Report and Accounts

31 March 2024

B Olsberg & Co

Chartered Accountants & Statutory Auditor Enterprise House 3 Middleton Road Manchester M8 5DT

Bais Malka Limited

Report and accounts for the year ended 31 March 2024

Contents

Page
Charity information 1
Trustees' Annual Report 1
Statement of directors' responsibilities 6
Independent Auditors' Report 8
Funds Statements:-
Statement of Financial Activities 12
Statement of total recognised gains and losses 13
Movements in funds 14
Revaluation reserves 14
Revenue Funds 14
Income and Expenditure account 15
Balance sheet 16
Cash flow statement 18
Notes to the accounts 21

Bais Malka Limited

Company Registration Number - 06407566

Trustees' Annual Report for the year ended 31 March 2024

The Trustees present their Report and Accounts for the year ended 31 March 2024, which also comprises the Directors' Report required by the Companies Act 2006.

Reference and administrative details

The charity name.

The legal name of the charity is:- Bais Malka Limited.

The charity's areas operation and UK charitable registration.

The charity is registered in England & Wales with the Charity Commission in England & Wales (CCEW) with charity number 1125696.

The charity does not operate in any overseas jurisdictions.

Legal structure of the charity

The charity is constituted as a company limited by guarantee, registered under the Companies Acts . The governing document of the charity is the Memorandum and Articles of Association establishing the company under company legislation.

The governing document is dated 24 October 2007

There are no restrictions in the governing documents on the operation of the Charity or on its investment powers other than those imposed by Charity Law.

By operation of law all, trustees are directors under the Companies Act 2006 and all directors are trustees under Charities legislation and have responsibilities, as such, under both company and charity legislation.

The trustees are all individuals.

1

Bais Malka Limited

Company Registration Number - 06407566

Trustees' Annual Report for the year ended 31 March 2024

The principal operating address of the charity is:-

403 Bury New Road Salford Manchester, M7 2BT

The registered office of the charity for Companies Act purposes is:-

C/o B Olsberg & Co Enterprise House, 3 Middleton Rd Manchester, M8 5DT

The Trustees in office on the date the report was approved were:-

H Herczl Y I Luftig J Moskovits

The following persons served as Trustees during the year ended 31 March 2024 :-

The trustees who served as a trustee in the reporting period were as shown above, and there were no changes during the year, or in the period between the year end and the approval of the accounts.

Objects and activities of the charity

The purposes of the charity as set out in its governing document.

Bais Malka Limited is governed by its Memorandum and Articles of Association. The charity’s objects and its principal activities are:

The main activities undertaken in relation to those purposes during the year.

The principal activity of the Charity in the period under review was supporting the provision of Orthodox Jewish education.

2

Bais Malka Limited

Company Registration Number - 06407566

Trustees' Annual Report for the year ended 31 March 2024

The main activities undertaken during the year to further the charity's purpose for the public benefit.

The main activities have been the continued collection of parental contributions and donations, with additional funding from the local authorities and the employment of staff and professional assistance to run the charity's daily activities. The trustees have had regard to the Charity Commission's guidance on public benefit in managing the activities of the charity.

The short term and longer term aims and objectives.

The Charity is committed to continue to run the charity, for the benefit of the children, the parents and the local community.

The charity's strategies for achieving its aims and objectives in the future.

The trustees plan to continue raising funds for projects in line with the memorandum and articles of association and to pursue those educational objectives and projects by operating and maintaining the charity with all the resources available to the charity.

How the activities undertaken during the year contributed to the achievement of the aims and objectives.

Bais Malka Limited continued to support the running of a charity.

The main achievements and performance of the charity during the year.

The Statement of Financial Activities shows a total income of £1,463,777,

and total expenses of £1,397,933, resulting in a surplus for the year

as detailed below. The trustees consider the financial position of the charity to be satisfactory.

The difference the charity's performance during the year has made to the beneficiaries of the charity.

The Trustees consider that its performance has enabled the charity to flourish.

The significant charitable activities undertaken in the year.

The significant activity of the year continues to be the running of the charity.

3

Bais Malka Limited

Company Registration Number - 06407566

Trustees' Annual Report for the year ended 31 March 2024

Structure, governance and management of the charity

The charity's organisational structure.

The charity is managed by a committee of the trustees which is composed of the directors and secretary of the Charity.

Financial review

The charity's financial position at the end of the year ended 31 March 2024

The financial position of the charity at 31 March 2024 and comparatives for the prior period, as more fully detailed in the accounts, can be summarised as follows:-

Total Unrestricted Funds
Total Funds
Net income
Unrestricted revaluation reserve
Unrestricted Revenue Funds available for the
general purposes of the charity		 2024
£
65,844
1,174,562
664,929
1,839,491
1,839,491		 2023
£
53,525
1,108,718
664,929
1,773,647
1,773,647

Policies on reserves.

All reserves are held for the running of the charity and for maintenance of the properties.

Availability and adequacy of assets of each of the funds

The board of trustees is satisfied that the charity's assets are available and adequate to fulfil its obligations.

4

Bais Malka Limited

Company Registration Number - 06407566

Trustees' Annual Report for the year ended 31 March 2024

Significant events which have affected the financial performance and the financial position.

There are no events which have significantlt affected the performance of the charity.

Investment policy and investment objectives.

The trustees have wide-ranging investment powers to invest the Charity's assets as they see fit in the furtherance of the Charity's objectives.

The major risks to which the Charity is exposed and reviews and systems to mitigate them.

The trustees actively review the major risks which the charity faces on a regular basis and believe that continuous vetting and review of the controls over key financial systems will be a sufficient safeguard to alleviate risks. The trustees have also examined other operational and business risks faced by the charity and confirm that they are satisfied. The major risks faced by the charity are the operational risks from ineffective running of the charity. The directors manage this risk by ensuring the right staff are utilised and supervised.

Principal funding sources in the year and how these support the key objectives of the charity.

The charity's main funding sources are contributions by parents, supplemented by local authority funding and some general donations.

Plans For the Future

Summary of plans for the future and the trustees' perspective of the future direction of the charity.

The charity plans to continue with its main activity ie that of furthering education.

5

Bais Malka Limited

Company Registration Number - 06407566

Trustees' Annual Report for the year ended 31 March 2024

Details of The Auditor

B Olsberg FCA Chartered Accountants and Statutory Auditors Enterprise House

3 Middleton Road

Manchester Lancs M8 5DT

Statement as to disclosure of information to auditors

The trustees state that so far as each of the trustees at the time this report was approved are aware:-

Statement of the Directors Trustees' Responsibilities

The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Companies Act 2006, the Charities Act 2011 and the Charities (Accounts and Reports) Regulations 2008. Notwithstanding the explicit requirement in the extant statutory regulations,the Charities (Accounts and Reports) Regulations 2008, to prepare the financial statements in accordance with the SORP 2005, in view of the fact that the SORP 2005 has been withdrawn, the Trustees determined to interpret this responsibility as requiring them to follow current best practice and prepare the accounts according to the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2019, applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), .

6

Bais Malka Limited

Company Registration Number - 06407566

Trustees' Annual Report for the year ended 31 March 2024

In particular, the Companies Act 2006 and charity law require the Board of Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of the surplus or deficit of the charity. In preparing those financial statements the Board is required to :-

recommended practice have been followed, subject to any material

departures disclosed and explained in the financial statements;

The law requires that the trustees must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for the year.

The Trustees are also responsible for maintaining adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which are sufficient to show and explain the charity's transactions and enable them to ensure that the financial statements comply with the Companies Act 2006 and comply with regulations made under the Charities Act. 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.

The Trustees are also responsible for the contents of the Trustees' report, and the statutory responsibility of the auditor in relation to the Trustees' report is limited to examining the report and ensuring that , the report is consistent with the figures disclosed in the financial statements.

Method of preparation of accounts - Small company provisions

The financial statements are set out on pages 12 to 27.

The financial statements have been prepared implementing the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2019, applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), and in accordance with the Financial Reporting Standard 102, (effective 1st January 2016)

These financial statements have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006. applicable to companies subject to the small companies regime.

This report was approved by the board of trustees on 31 January 2025.

Y I Luftig Director and Trustee

7

Bais Malka Limited

Independent Auditors' Report to the Trustees of the charitable company on the accounts for the year ended 31 March 2024

Introduction

We have audited the financial statements of Bais Malka Limited for the year ended 31 March 2024, as set out on pages 12 to 27, which comprise the Statement of Financial Activities, the Income and Expenditure Account, the Balance Sheet and the related notes to the financial statements, including a summary of significant accounting policies. In our opinion, the accompanying financial statements of the charitable company are prepared, in all material respects, in accordance with the Companies Act 2006 and with charity law applicable within the jurisdiction of England & Wales and, in particular, the accounts have been prepared in accordance with FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2019, applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), published by the Charity Commission in England & Wales (CCEW) under the historical cost convention, and in accordance with the accounting policies set out on page 21, which framework constitutes the applicable United Kingdom Generally Accepted Accounting Practice.

Limitation of liability

This report is made solely to the Trustees of the charitable company, as a body, in accordance with the requirements of Section 154 of the Charities Act 2011 (The Act). Our work has been undertaken so that we might state to the Trustees those matters we are required to state to them in an Auditor's Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume liability or responsibility to anyone other than the Trustees as a body, for our work, for this report or for the opinions we have formed.

Basis for our opinion

We have been appointed as auditors under section 144(2) of The Charities Act 2011 and report in accordance with regulations made under section 154 of that Act.

We conducted our audit in accordance with International Standards on Auditing (ISAs-UK), issued by the Financial Reporting Council, 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 charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in England & Wales, 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.

Responsibilities of Management and Those Charged with Governance for the Financial Statements

As described on page 6, you, the charitable company's Trustees, who are also the Directors of the Company for the purposes of Company law, are responsible for the preparation of the financial statements in accordance with the Companies Act 2006, the Charities Act 2011 and all other applicable law and with United Kingdom Generally Accepted Accounting Practice, applicable to smaller entities, and for being satisfied that the financial statements give a true and fair view.

The Trustees,who are charged with governance, are responsible for overseeing the charitable company’s financial reporting process.

8

Bais Malka Limited

Management is responsible for the preparation of the financial statements in accordance with charity law of the jurisdiction of England & Wales and for such internal control as management determines 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, management is responsible for assessing the charitable company’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 management either intends to liquidate the charitable company or to cease operations, or has no realistic alternative but to do so.

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 an auditor’s report 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.

Our responsibility is to audit and express an opinion on the financial statements in accordance with relevant legal and regulatory requirements and ISAs-UK. Those standards require us to comply with the Ethical Standards for Auditors published by the Financial Reporting Council and to:-

Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, to design and perform audit procedures responsive to those risks and to obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion;

To obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate for the circumstances, but not for the purpose of expressing an opinion of the effectiveness of the charity's internal control;

To evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the charity;

To conclude on the appropriateness of the charity's use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the charity's ability to continue as a going concern;

To evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves a fair presentation.

We are required to report to the Trustees our opinion as to whether the financial statements give a true and fair view and have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice and the Charities (Accounts and Reports) Regulations 2008.

We are also required to report to you if, in our opinion, the Trustees' Annual Report is materially inconsistent with the financial statements, if the charitable company has not kept adequate accounting records, if the charitable company’s financial statements are not in agreement with the accounting records and returns, or if we have not received all the information and explanations we require for our audit, or if information specified by law regarding Trustees' remuneration and transactions with the charitable company is not disclosed.

9

Bais Malka Limited

In addition, we read all the financial and non-financial information in the Trustees' Annual Report to identify material inconsistencies with the audited financial statements and to identify any information that is apparently materially incorrect based on, or materially inconsistent with, the knowledge acquired by us in the course of performing the audit. If we become aware of any apparent material misstatements or inconsistencies we consider the implications for our report.

We conducted our audit in accordance with ISAs-UK and in accordance with the Practice Note ' The Audit of Charities in the United Kingdom' , revised in March 2012.

We are required to plan and perform our audit so as to meet the above requirements and to obtain all the information and explanations which we consider necessary in order to provide us with sufficient evidence to give reasonable assurance that the financial statements are free from material misstatement, whether caused by fraud or other irregularity or error.

In the course of our audit, we communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during the audit.

Assistance with accountancy and tax matters

In accordance with the exemption provided by APB Ethical Standard – Provisions Available for Smaller Entities, we have prepared and submitted the charitable company’s returns to the tax authorities and assisted with the preparation of the accounts.

Eligibilty of auditor and status of audit

We confirm that we are eligible under section 144(2) of the Charities Act 2011 to conduct this audit, and that this report is a report in respect of an audit carried out under the Act and in accordance with the related regulations.

We confirm that the charitable company is exempt from audit under Part 16 of the Companies Act 2006,

Attention is drawn to the accounting policy stating that, notwithstanding the explicit requirement in the extant statutory regulations, the Charities (Accounts and Reports) Regulations 2008, to prepare the financial statements in accordance with the SORP 2005, in view of the fact that the SORP 2005 has been withdrawn, and in order to accord with current best practice, the Trustees have determined to prepare the financial statements in accordance with the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2019, applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), . We concur with this approach, and any references in our report to the regulations should be read subject to this comment.

10

Bais Malka Limited

Opinion on the Financial Statements

In our opinion, the accompanying charitable company's financial statements:

Give a true and fair view of the state of affairs of the charitable company as at 31 March 2024 and of its Income and Expenditure for the financial year then ended and, in particular, the financial have been properly prepared, in all material respects, in accordance with United Kingdom Generally Accepted Accounting Practice applicable to entities of its size and have been properly prepared in accordance with the requirements of the Charities Act 2011; and

have been prepared in accordance with the requirements of Section 396 of the Companies Act 2006; and have been prepared in accordance with the methods and principles required by the FRS102 Statement of Recommended Practice for Accounting and Reporting issued by the Charity Commission in England & Wales (CCEW) , effective January 2015 (The SORP), and those methods and principles have been followed.

Matters upon which we are required to report by exception

We have nothing to report in respect of the following matters where the requires us to report to you, if in our opinion:

the charitable company has not kept adequate accounting records; or

the financial statements are not in agreement with the accounting records and returns; or

if information specified by law regarding Trustees' remuneration and transactions with the charity is not disclosed.

we have not received all the information and explanations we require for our audit.

Signed:-

B Olsberg FCA

B Olsberg & Co.

Chartered Accountants and Registered Auditors

Enterprise House 3 Middleton Road Manchester Lancs M8 5DT

This report was signed on 31 January 2025

11

Bais Malka Limited - Statement of Financial Activities for the year ended 31 March 2024

Statement of Financial Activities (including the Income and Expenditure Account for the year ended 31 March 2024, as required by the Companies Act 2006)

Income & Endowments from:
Charitable activities
Other
Total income
Expenditure on:
Charitable activities
Total expenditure
Net income for the year
Net income after transfers
Reconciliation of funds:-
Total funds brought forward
Total funds carried forward
Net movement in funds		 Current year
Unrestricted
Funds
2024
£
1,203,420
260,357
1,463,777
1,397,933
1,397,933
65,844
65,844
65,844
1,773,647
1,839,491		 Current year
Restricted
Funds
2024
£
-
-
-
-
-
-
-
-
-
-		 Current year
Total Funds
2024
£
1,203,420
260,357
1,463,777
1,397,933
1,397,933
65,844
65,844
65,844
1,773,647
1,839,491		 Prior Year
Total Funds
2023
£
1,287,794
274,010
1,561,804
1,508,279
1,508,279
53,525
53,525
53,525
1,720,122
1,773,647

A separate Statement of Total Recognised Gains and Losses is not required as this statement includes all recognised gains and losses.

All activities derive from continuing operations

The notes attached on pages 21 to 27 form an integral part of these accounts.

12

Bais Malka Limited - Statement of Financial Activities for the year ended 31 March 2024

Bais Malka Limited - Resources applied in the year ended 31 March 2024 towards fixed assets for Charity use:-

Funds generated in the year as detailed in the SOFA
Resources applied on functional fixed assets
Other applications of funds
Net resources available to fund charitable activities		 2024
£
65,844
(5,312)
-
60,532		 2023
£
53,525
(81,797)
-
(28,272)

The resources applied on fixed assets for charity use represents the cost of additions less proceeds of any disposals.

The notes attached on pages 21 to 27 form an integral part of these accounts.

13

Bais Malka Limited - Statement of Financial Activities for the year ended 31 March 2024

Movements in revenue and capital funds for the year ended 31 March 2024

Revenue accumulated funds

Unrestricted
Funds
2024
£
Accumulated funds brought forward
1,108,718
65,844
1,174,562
Closing revenue funds
1,174,562
Revaluation Reserve Fund
Unrestricted
Funds
2024
£
At 1 April
664,929
At 31 March
664,929
Summary of funds
Unrestricted
and
Designated funds
2024
£
Revenue accumulated funds
1,174,562
Revaluation reserve fund
664,929
Total funds
1,839,491
Recognised gains and losses before
transfers		 Restricted
Funds
2024
£
-
-
-
-
Restricted
Funds
2024
£
-
-
Restricted
Funds
2024
£
-
-
-		 Total
Funds
2024
£
1,108,718
65,844
1,174,562
1,174,562
Total
Funds
2024
£
664,929
664,929
Total
Funds
2024
£
1,174,562
664,929
1,839,491		 Last year
Total Funds
2023
£
1,055,190
53,525
1,108,715
1,108,715
Last year
Total Funds
2023
£
664,929
664,929
Last Year
Total Funds
2023
£
1,108,715
664,929
1,773,644

The notes attached on pages 21 to 27 form an integral part of these accounts.

14

Bais Malka Limited - Statement of Financial Activities for the year ended 31 March 2024

Bais Malka Limited

Income and Expenditure Account for the year ended 31 March 2024 as required by the Companies Act 2006

Income
Income from operations
Other operating income
Gross income in the year before exceptional items
Gross income in the year including exceptional items
Expenditure
Charitable expenditure, excluding depreciation and amortisation
Depreciation and amortisation
Governance costs
Interest payable
Realised losses on disposals of social investments which are programme related
Total expenditure in the year
Tax on surplus on ordinary activities
Retained surplus for the financial year
All activities derive from continuing operations
Net income after tax in the financial year
Net income before tax in the financial year
Investment income and interest		 2024
£
1,203,420
260,357
1,463,777
1,463,777
1,345,526
14,518
4,800
33,089
-
1,397,933
65,844
-
65,844
65,844		 2023
£
1,287,794
274,010
1,561,804
1,561,804
1,480,457
-
6,600
21,222
-
1,508,279
53,525
-
53,525
53,525

In accordance with the provisions of the Companies Act 2006, the headings and subheadings used in the Income and Expenditure account have been adapted to reflect the special nature of the charity's activities.

The notes attached on pages 21 to 27 form an integral part of these accounts.

15

Bais Malka Limited - Balance Sheet as at 31 March 2024

Notes
Fixed assets
Tangible assets
9
Current assets
Stocks
Debtors
11
Cash at bank and in hand
Total current assets
Creditors: amounts falling due within
one year
12
Net current assets
Creditors: amounts falling due after more
than one year
13
The total net assets of the charity
Restricted funds
Unrestricted Funds
Unrestricted Revenue Funds
18
Unrestricted Revaluation Reserve
18
Designated Funds
Total charity funds
The total net assets of the charity are funded by the
Net assets		 2024
2023
£
£
2,253,012
2,262,218
42,500
30,000
513,841
346,495
53,572
745
609,913
377,240
(785,230)
(598,654)
(175,317)
(221,414)
2,077,695
2,040,804
(238,205)
(267,157)
1,839,490
1,773,647
-
-
1,174,561
1,108,718
664,929
664,929
1,839,490
1,773,647
1,839,490
1,773,647
funds of the charity, as follows:-

16

Bais Malka Limited - Balance Sheet as at 31 March 2024

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.

The members have not required the company to obtain an audit in accordance with section 476 of the Act.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

The charity is subject to audit under charity legislation, and the report of the Charities Act auditor is on page 11.

The financial statements have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006. applicable to companies subject to the small companies regime.

Y I LUFTIG

Trustee Approved by the board of trustees on 31 January 2025

The notes attached on pages 21 to 27 form an integral part of these accounts.

17

Bais Malka Limited

Cash Flow Statement for the year ended 31 March 2024

Cash flows from operating activities
Cash flows from investing activities
Purchase of property, plant and equipment
Cash flows from financing activities
Repayment of amounts borrowed
Cash inflows from new borrowings
Net cash provided by operating activities as shown below		 2024
£
82,882
(5,312)
(24,742)
274		 2023
£
52,787
(81,797)
(23,806)
-
Net cash provided by financing activities
Overall cash provided by all activities
Cash movements
Change in cash and cash equivalents from activities in
the year ended 31 March 2024
Cash and cash equivalents at 1 April 2023
Change in cash and cash equivalents due to exchange rate movements
Cash at bank and in hand less overdrafts at 31 March		 (24,468)
53,102
52,826
746
-
53,572		 (23,806)
(52,816)
(52,816)
4,172
-
(48,644)

18

Bais Malka Limited

Cash Flow Statement for the year ended 31 March 2024 Bais Malka Limited

Cash Flow Statement for the year ended 31 March 2024 - Continued

Reconciliation of net income to net cash flow from operating activities

Net income as shown in the Statement of Financial Activities
Adjustments for :-
Depreciation charges
Write downs of investments
Net unrealised losses on investment assets
Decrease in stocks
Decrease in debtors
Increase in creditors, excluding loans
Net cash provided by operating activities
Analysis of cash and cash equivalents
Cash in hand at for the year ended 31 March 2024
Notice deposits - (less than 3 months)
Total cash and cash equivalents		 65,844
14,518
-
-
(12,500)
(167,346)
182,366
82,882
2024
£
53,572
-
53,572		 53,525
-
-
-
-
(183,086)
182,348
52,787
2023
£
746
-
746

19

Bais Malka Limited

Cash Flow Statement for the year ended 31 March 2024

Bais Malka Limited

Cash Flow Statement for the year ended 31 March 2024 - Continued

Analysis of change in net debt

Cash
Loans falling due within one year
Loans falling due after more than one year
Finance lease obligations
Total		 At start
of year
745
(94,874)
(259,844)
(33,881)
(387,854)		 Cash
Flows
52,827
52,827
2,829
21,639
-
77,295		 At end
of year
53,572
52,827
(92,045)
(238,205)
(33,881)
(311,304)

20

Bais Malka Limited

Notes to the Accounts for the year ended 31 March 2024

1 Accounting policies

Policies relating to the production of the accounts.

Basis of preparation and accounting convention

The accounts have been prepared on the accruals basis, under the historical cost convention, as modified to include revaluations of fixed assets, and in accordance with the Financial Reporting Standard 102, (effective 1st January 2016) and 'FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2019, applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), published by the Charity Commission in England & Wales (CCEW) , and in accordance with all applicable law in the charity's jurisdiction of registration, except that the charity has prepared the financial statements in accordance with the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2019, applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), in preference to the previous SORP, the SORP 2005, which has been withdrawn, notwithstanding the fact that the extant statutory regulations, the Charities (Accounts and Reports) Regulations 2008 refer explicitly to the SORP 2005. This has been done to accord with current best practice.

Going Concern

The charitable activities are entirely dependent on continuing parental contributions and some voluntary donations. As a consequence, the going concern basis is dependent on the future flow of these funding streams. Accordingly, the Trustees have obtained forecasts and, after reviewing the financial forecasts for future periods to 31 March 2023, the Trustees are satisfied that, at the time of approving the financial statements, it is appropriate to adopt the going concern basis in preparing the financial statements. Other than these matters, the Trustees are not aware of any material uncertainites about the charity's ability to continue as a going concern.

Risks and future assumptions

The charity is a public benefit entity.

Policies relating to categories of income and income recognition.

All incoming resources are included in the SOFA when the charitable company is legally entitled to the income and the amount can be quantified with reasonable accuracy.

Policies relating to expenditure on goods and services provided to the charity.

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings, they have been allocated to activities on a basis consistent with the use of resources.

Policies relating to assets, liabilities and provisions and other matters.

Tangible fixed assets

Tangible fixed assets are measured at their original cost value, or subsequent revaluation, or if donated, as described above. Cost value includes all costs expended in bringing the asset into its intended working condition.

There is no depreciation charged on land and buildings owing to it being kept to a high standard.

A regular annual review of the likelihood of asset impairment is undertaken.

21

Bais Malka Limited

Notes to the Accounts for the year ended 31 March 2024

Debtors

Debtors are measured at their recoverable amounts at the balance sheet date.

Fund Accounting

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.

There are no endowment funds.

2 Liability to taxation

The Trustees consider that the charity satisfies the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 for UK corporation tax purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by chapter 3 part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively on the specific charitable objects of the charity and for no other purpose. Value Added Tax is not recoverable by the charity, and is therefore included in the relevant costs in the Statement of Financial Activities.

3 Winding up or dissolution of the charity

If upon winding up or dissolution of the charity there remain any assets, after the satisfaction of all debts and liabilities, the assets represented by the accumulated fund shall be transferred to some other charitable body or bodies having similar objects to the charity.

4 Significance of financial instruments to the charity's position

A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.

Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.

5 Net surplus before tax in the financial year

The net surplus before tax in the financial year is stated after charging:-
Depreciation of owned fixed assets
Pension costs
Auditors' remuneration
6
Interest payable
Hire Purchase interest
Bank interest payable		 2024
£
14,518
1,438
4,800
2024
£
6,264
26,825
33,089		 2023
£
-
2,381
5,500
2023
£
6,396
14,826
21,222

22

Bais Malka Limited

Notes to the Accounts for the year ended 31 March 2024

Salary costs
Gross Salaries excluding trustees and key management personnel
Employer's contribution to defined benefit pension schemes
Total salaries, wages and related costs		 2024
£
951,694
1,438
953,132		 2023
£
973,761
2,381
976,142

Neither the trustees nor any persons connected with them have received any remuneration from the charity or any related entity, either in the current or prior year.

No employees received emoluments (excluding pension costs) in excess of £60,000 per annum.

No trustees or persons connected with them received any remuneration from the charity, or any related entity.

23

Bais Malka Limited

Notes to the Accounts for the year ended 31 March 2024

9 Tangible fixed assets

Current Year
Cost
At 1 April 2023
Additions
At 31 March 2024
Depreciation
Charge for the year
At 31 March 2024
Net book value
At 31 March 2024
At 31 March 2023
Prior Year
Cost
01 April 2022
Additions
Surplus on revaluation
01 April 2023
Depreciation
Net book value
01 April 2023
01 April 2022
All assets are used for direct charitable purposes.
Freehold land and buildings included above:
Historical cost
Cumulative depreciation based on historical cost		 Land and
Buildings
£
2,194,938
-
2,194,938
-
-
2,194,938
2,194,938
Land and
Buildings
£
1,462,009
68,000
664,929
2,194,938
2,194,938
1,462,009		 Plant &
Machinery
£
67,280
5,312
72,592
14,518
14,518
58,074
67,280
Plant &
Machinery
£
53,483
13,797
-
67,280
67,280
53,483		 Motor
Vehicles
£
-
-
-
-
-
-
-
Motor
Vehicles
£
-
-
-
-
-
-
2024
£
1,335,071
-		 Total
£
2,262,218
5,312
2,267,530
14,518
14,518
2,253,012
2,262,218
Total
£
1,515,492
81,797
664,929
2,262,218
2,262,218
1,515,492
2023
£
1,295,321
-

This is the value placed on the property by the trustees.

24

Bais Malka Limited

Notes to the Accounts for the year ended 31 March 2024

==> picture [406 x 510] intentionally omitted <==

----- Start of picture text -----
10 Stocks & Work in Progress 2024 2023
£ £
Stocks before write downs 42,500 30,000
42,500 30,000
Analysis of the carrying value of stocks and work in progress by activities
Stocks
2024 2023
£ £
Activity
Education 42,500 30,000
42,500 30,000
11 Debtors
2024 2023
£ £
Prepayments and accrued income 142,720 -
Other debtors 371,121 346,495
513,841 346,495
12 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 92,045 94,874
Accruals 296,425 232,113
Finance lease and HP contracts 13,576 26,568
Sundry creditors and taxes 202,217 64,663
Loans 180,967 180,436
785,230 598,654
Note: Creditors includes £200,000 which has been received in advance of a potential sale of property.
13 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans and overdrafts 238,205 259,844
Finance lease and HP contracts - 7,313
238,205 267,157
14 Loans to trustees included in debtors
There are no loans to trustees.
----- End of picture text -----

25

Bais Malka Limited

Notes to the Accounts for the year ended 31 March 2024 15 Revaluation reserve

Current year
At 1 April 2023
At 31 March 2024
All the revaluations in the prior year was unrestricted.
Prior year
At start of previous year
At end of previous year
16 Income and Expenditure account summary
At 1 April 2023
Surplus for the year
At 31 March 2024		 Current year
Unrestricted
Funds
2024
£
664,929
664,929
Prior Year
Unrestricted
Funds
2023
£
664,929
664,929		 Current year
Restricted
Funds
2024
£
-
-
Prior Year
Restricted
Funds
2023
£
-
-		 Current year
Total Funds
2024
£
664,929
664,929
Prior Year
Total Funds
2023
£
664,929
664,929
2024
£
1,108,715
65,844
1,174,559		 Prior Year
Total Funds
2023
£
664,929
664,929
2023
£
1,055,190
53,525
1,108,715

17 Particulars of how particular funds are represented by assets and liabilities

At 31 March 2024
Tangible Fixed Assets
Current Assets
Current Liabilities
Long Term Liabilities
At 1 April 2023
Tangible Fixed Assets
Current Assets
Current Liabilities
Long Term Liabilities		 Unrestricted
funds
£
2,253,012
609,913
(785,230)
(238,205)
1,839,490
Unrestricted
funds
£
2,262,218
377,240
(598,654)
(267,157)
1,773,647		 Designated
funds
£
-
-
-
-
Designated
funds
£
-
-
-
-
-		 Restricted
funds
£
-
-
-
-
-
Restricted
funds
£
-
-
-
-
-		 Total
Funds
£
2,253,012
609,913
(785,230)
(238,205)
1,839,490
Total
Funds
£
2,262,218
377,240
(598,654)
(267,157)
1,773,647

26

Bais Malka Limited

Notes to the Accounts for the year ended 31 March 2024

18 Change in total funds over the year as shown in Note 17 , analysed by individual funds

Funds
brought
forward from
2023
Movement in
funds in 2024
See Note 19
£
£
Unrestricted and designated funds:-
Unrestricted Revenue Funds
1,108,718
65,844
Unrestricted Revaluation Reserve
664,929
-
Total unrestricted and designated funds
1,773,647
65,844
Total charity funds
1,773,647
65,844
Analysis of movements in funds over the year as shown in Note 18
Income
Expenditure
2024
2024
£
£
Unrestricted and designated funds:-
Unrestricted Revenue Funds
1,463,777
(1,397,933)
1,463,777
(1,397,933)		 £
-
-
-
-
Other
Gains &
Losses
2024
£
-
-
Transfers
between
funds in 2024		 Funds
carried
forward to
2025
£
1,174,562
664,929
1,839,491
1,839,491
Movement
in funds
2024
£
65,844
65,844

19 Analysis of movements in funds over the year as shown in Note 18

20 The purposes for which the funds

Unrestricted and designated funds:-

Unrestricted Revenue Funds

Unrestricted Revaluation Reserve

These funds are held for the meeting the objectives of the charity, and to provide reserves for future activities, and , subject to charity legislation, are free from all restrictions on their use.

This fund represents the unrestricted surplus arising on the revaluation of the charity's assets.

21 Ultimate controlling party

The charity is under the control of its legal members.

27

Bais Malka Limited

Detailed analysis of income and expenditure for the year ended 31 March 2024 as required by the SORP 2015

This analysis is classsified by conventional nominal descriptions and not by activity.

22 Income from charitable activities

Current year
Primary purpose and ancillary trading
Total Primary purpose and ancillary
trading
Childcare
Council Grants		 Current year
Unrestricted
Funds
2024
£
916,504
286,916
1,203,420		 Current year
Restricted
Funds
2024
£
-
-
-		 Current year
Total Funds
2024
£
916,504
286,916
1,203,420		 Prior Year
Total funds
2023
£
1,016,891
270,903
1,287,794

28

Bais Malka Limited

Detailed analysis of income and expenditure for the year ended 31 March 2024 as required by the SORP 2015

23 Total Income from charitable activities

Current year
Total income from charitable activities
Total from charitable activities
24 Other income and gains
Current year
Total other income
Sundry other income		 Current year
Unrestricted
Funds
2024
£
1,203,420
1,203,420
Current year
Unrestricted
Funds
2024
£
260,357
260,357		 Current year
Restricted
Funds
2024
£
-
-
Current year
Restricted
Funds
2024
£
-
-		 Current year
Total Funds
2024
£
1,203,420
1,203,420
Current year
Total Funds
2024
£
260,357
260,357		 Prior Year
Total Funds
2023
£
1,287,794
1,287,794
Prior Year
Total Funds
2023
£
274,010
274,010

25 Expenditure on charitable activities - Direct spending

Current Year
Total direct spending
Travel, Outings, Functions and Food
Marketing and advertising of
charitable services
Staff Training and welfare
Defined benefit pension costs -
charitable activities
Professional Fees
Gross wages and salaries - charitable
activities
School Requisites		 Current year
Unrestricted
Funds
2024
£
951,694
1,438
8,719
104,067
50,672
47,795
7,659
1,172,044		 Current year
Restricted
Funds
2024
£
-
-
-
-
-
-
-
-		 Current year
Total Funds
2024
£
951,694
1,438
8,719
104,067
50,672
47,795
7,659
1,172,044		 Prior Year
Total Funds
2023
£
973,761
2,381
5,013
135,736
43,517
69,633
2,436
1,232,477

29

Bais Malka Limited

Detailed analysis of income and expenditure for the year ended 31 March 2024 as required by the SORP 2015

26 Support costs for charitable activities

Current year
Current year
Current year
Current Year
Unrestricted
Funds
Restricted
Funds
Total Funds
2024
2024
2024
£
£
£
Premises Expenses
6,664
-
6,664
8,676
-
8,676
33,734
-
33,734
22,264
-
22,264
30,973
-
30,973
699
-
699
14,213
-
14,213
25,868
-
25,868
Administrative overheads
6,879
-
6,879
5,665
-
5,665
7,952
-
7,952
-
-
-
5,507
-
5,507
647
-
647
Financial costs
3,741
-
3,741
6,264
-
6,264
14,518
-
14,518
26,825
-
26,825
Support costs before reallocation
221,089
-
221,089
Total support costs - Current Year
221,089
-
221,089
The basis of allocation of costs between activities is described under accounting policies
All the expenditure in the prior year was unrestricted.
Administrative overheads
The basis of allocation of costs between activities is described under accounting policies
Depreciation & Amortisation in total for
Office
Hire Purchase interest
Bank interest payable
Membership subscriptions
Telephone, fax and internet
Equipment expenses
Software licences and expenses
Stationery and printing
Cleaning and waste management
Other Premises Costs
Rent payable under operating leases
Security
Property insurance
Light heat and power
Premises repairs, renewals and
maintenance
Bank charges
Rates and water charges		 Prior Year
Total Funds
2023
£
7,209
-
39,952
50,873
44,263
4,328
11,191
30,159
2,929
17,284
-
26,920
9,120
-
3,752
6,396
-
14,826
269,202
269,202

30

Bais Malka Limited

Detailed analysis of income and expenditure for the year ended 31 March 2024 as required by the SORP 2015

27 Other Expenditure - Governance costs

Current Year
Auditor's fees
Professional Fees
Total Governance costs		 Current year
Unrestricted
Funds
2024
£
4,800
-
4,800		 Current year
Restricted
Funds
2024
£
-
-
-		 Current year
Total Funds
2024
£
4,800
-
4,800		 Prior Year
Total Funds
2023
£
5,500
1,100
6,600

All the expenditure in the prior year was unrestricted.

28 Total Charitable expenditure

Current Year
Total direct spending
Total support costs
Total Governance costs
Total charitable expenditure		 Current year
Unrestricted
Funds
2024
£
1,172,044
221,089
4,800
1,397,933		 Current year
Restricted
Funds
2024
£
-
-
-
-		 Current year
Total Funds
2024
£
1,172,044
221,089
4,800
1,397,933		 Prior Year
Total Funds
2023
£
1,232,477
269,202
6,600
1,508,279

All the expenditure in the prior year was unrestricted.

Prior Year
Total direct spending
Total support costs
Total Governance costs
Total charitable expenditure		 Prior Year
Unrestricted
Funds
2023
£
1,232,477
269,202
6,600
1,508,279		 Prior Year
Prior Year
Restricted
Funds
Total Funds
2023
2023
£
£
-
1,232,477
-
269,202
-
6,600
-
1,508,279

31

Bais Malka Limited

Activity analysis of Income and expenditure for the for the year ended 31 March 2024

This analysis is classsified by activity and not by conventional nominal descriptions.

29 Analysis of income by activity

Education
Summary of Total Income, including the items above
Charitable activities
Other income
Total income as shown in the SOFA
Categories of income
Income from non exchange transactions
Income from charitable activities
Activity		 2024
£
1,203,420
1,203,420
260,357
1,463,777
1,458,777		 2023
£
1,287,794
1,287,794
274,010
1,561,804
1,561,804

==> picture [436 x 51] intentionally omitted <==

30 Analysis of charitable expenditure by activity

Activity

Education
Direct charitable costs
Premises expenses
Administrative overheads
Financial costs
Total Education		 Direct
costs
2024
£
1,172,044
-
-
-
1,172,044		 Support
costs
2024
£
-
143,091
26,650
51,348
221,089		 Grant
funding of
activities
2024
£
-
-
-
-
-		 Total
2024
£
1,172,044
143,091
26,650
51,348
1,393,133		 Total
2023
£
1,245,763
178,707
52,232
24,974
1,501,676

32

Bais Malka Limited

Activity analysis of Income and expenditure for the for the year ended 31 March 2024

Summary of charitable costs by activity

==> picture [434 x 125] intentionally omitted <==

----- Start of picture text -----
||||||| |---|---|---|---|---|---| |Direct|Support|Grant| |costs|costs|funding of|Total|Total| |activities| |2024|2024|2024|2024|2023| |£|£|£|£|£| |Total Education|1,172,044|221,089|-|1,393,133|1,501,679| |Total Governance costs Note 27|-|4,800|-|4,800|6,600| |Total charitable expenditure|1,172,044|225,889|-|1,397,933|1,508,279|

----- End of picture text -----

The basis of allocation of costs between activities is described under accounting policies

The breakdown of this expenditure by type of spending (ie nominal classification) is detailed in note 28

Analysis of support and governance costs by charitable activities

==> picture [429 x 47] intentionally omitted <==

----- Start of picture text -----
||||||| |---|---|---|---|---|---| |Governance|Finance|Human|Other|Total| |Activity|Resources|Overheads| |Education|4,800|51,348|-|169,741|225,889|

----- End of picture text -----

31 Analysis of non charitable expenditure by activity

==> picture [432 x 67] intentionally omitted <==

----- Start of picture text -----
|||| |---|---|---| |Governance|Governance| |Governance costs| |costs|costs| |2024|2023| |£|£| |Other Expenditure - Governance costs as detailed in Note 27|4,800|6,600|

----- End of picture text -----

33