Company Registration Number- 06407566 The Charity Registration Number is 1125696 Bais Malka Limited Report and Accounts 31 March 2025 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 2025 Contents Page Charity information Trustees. Annual Report Statement of directors. responsibilities Independent Auditors. Report Funds Ststements.". Statement of Financial Activities 12 Statement of total recognised gains and losses Movements in funds 13 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- 07566 Trustees. Annual Report for the year ended 31 March 2025 The Trustees present their Report and Accounts for the year ended 31 March 2025. 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 ¢haritys areas operatiTon and UK ¢haritable Trgistrntion. The charity is registered in England & Wales wth the Charity Commission in England & Wales {CCEW) wilh 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 Ihe charity is the Memorandum and A'cle$ of Association establishing the company under company legislation. The governing document is dated 24 October 2007 There are no restrictions in the goveming 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 responsibili"es, as such, under both company and charity legislation. The trustees are all individuals.
Bais Malka Limited Company Registration Number- 07566 Trustees. Annual Report for the year ended 31 March 2025 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'.- Clo 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 l Luftig J Moskovits The following persons served as Trustees during the year ended 31 March 2025 :_ The trustees who served as a trustee in the reporbng period were as shown above, and there were no changes during the year, or in Ihe period betsveen 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 goveming documenL Bais Malka Limited is govemed by its Memorandum and Artides of Assouation. The charrty's objects and its prinapal activities are.. 1.To advan education and religion in accordan with Orthodox Judaism. 2.To relieve poverty and carry out other charitable activ.e$. The n7ain activities undertaken in relation to those purposes during the year. The principal activity of the Charity in the period under review was supt)orbng the provision of Orthodox JeNMsh education.
Bais Malka Limited Company Registration Number- 07566 Trustees. Annual Report for the year ended 31 March 2025 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 voluntary contributions and donations, with addib.onal funding from the local authorities and the employment of staff and professional assistan to run the charitys daily activities. The trustees have had regard to the Charity Commission's guidan on public benefit in managing the activities of the charity. The short terni and longer temi 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 charitys strategies for achieving its aims and objectives in the futuTr. 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 resour available to the charity. How the activities undertaken during the year contn"buted to the achievement of the aims and objectives. Bais Malka Limited continued to support the running of a charity. The main achievements and perforniance of the charity during the year. The Statement of Financial Activilies shows a total income of £1,603,911. and total expenses of £1,577,312, resulting in a surplus for the year as detailed below. The trustees consider the financial position of the charity lo be satisfactory. The dIffenCe the charitys perfomiance during the year has made to the beneficiaries of the charity. The Trustees consider thal ils perf0mlan has enabled the chanty to flourish. The signrficant charitable activities undertaken in the year. The significant activity of the year continues to be the running of the charity.
Bais Malka Limited Company Registration Number- 07566 Trustees. Annual Report for the year ended 31 March 2025 Structure, governance and management of the charity The charitys oryanisational structure. The charity is managed by a committee of the trustees which is cnmposed of the directors and secretary of the Charity. Financial review The charitys financialposition at the end of the year ended 31 March 2025 The financial position of the charity at 31 March 2025 and comparatives for the prior period, as more fully detailed in the accounts, can be summarised as follows:_ 2025 2024 Net income 26.599 65.844 Unreslricled Revenue Funds available for the general purposes of the charty Unrestricted revaluation reserve 1.201,161 1,174,562 664,929 1,866.090 664,929 1,839.491 Total Unrestricted Funds Total Funds 1,866.090 1,839,491 Policies on reseThes. All reserves are held for the running of the charity and for Maintenan 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.
Bais Malka Limited Company Registration Number- 07566 Trustees. Annual Report for the year ended 31 March 2025 Significant events which have affected the financial perfomiance and the financial position. There are no events which have significantlt affected the perf0mlan 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 furtheran 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 chanty faS on a regular basis and believe that continuous vetting and review of the controls over key financial systems will be a sufticient safeguard to alleviate risks. The Irustees have also examined other operational and business risks fad 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 charitls main funding SoUS are voluntary contributions by parents, supplemented by local authority funding and some general donabons. Plans For the Future Summary of plans for tho future and th¢ tru$t¢¢s' petspe¢tive of the futur¢ dire¢tion of the ¢harty. The charity plans to continue rts main activity ie that of fvrthering education.
Bais Malka Limited Company Registration Number- 07566 Trustees. Annual Report for the year ended 31 March 2025 Details of The Auditor B Olsberg FCA Chartered Accountants and Statutory Auditors Enterprise House 3 Middlelon Road Manchester Lancs M8 5DT Statement as to disclosure of infomiation to auditors The trustees state that so far as each of the trustees at the time this report was approved are a) There is no relevant audit infomiation (as defined by section 418(3) of the Companies Act 20061 of which the auditors are unaware. and b) The trustees have taken all sleps that they ought to have tsken to make themselves aware of any relevant audit infomation and establish that the auditors are aware of that infomiation. ststement of the Directors Trustees. Responsibilities The charity's trustees are responsible for the preparation of the accounts in accordance wth the temis of the Companies Act 2006. the Charities Act 2011 and the Charities (Accounts and Reports) Regulations 2008. Notsvithstsnding the explicit requirement in the extant statutory regulations,the Charities (Accounts and Reports) Regulations 2008, to prepare the financial statements in accordan with the SORP 2005, in view of the fact that the SORP 2005 has been thdrawn, the Trustees detemiined 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 practi for Accounbng and Reporting by Chantres) 2019, applicable to all accounting periods beginning on or after 1st January 20191, (The SORP},
Bais Malka Limited Company Registration Number- 07566 Trustees. Annual Report for the year ended 31 March 2025 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 "_ - to prepare the accounts in accordan with United Kingdom Generally Accepted Accounting Practi {United Kingdom Accounting Standards and applicable law). - select suitable accounting policies and apply them consistently,. - make judgements and estimates that are reasonable and prudent., prepare the financial statements on the going cOnM basis unless it is inappropriate to presume that the charity will continue in business- state whether applicable accounting standards and statements of recommended practi have been followed. subject to any material departures disdosed and explained in the finanaal statements., The law requires that the trustees must not approve the accounts unless they are satisfied thal 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 disdose with reasonable accuracy at any time the financial position of the charity and which are sufticient to show and explain the charity's transacb'ons and enable them to ensure that the financial statements comply wth the Companies Act 2006 and comply wth regulations made under the Charities Act. They are also responsible for safeguarding the assets of the charity and hen 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 20191, (The SORP), and in accordan with the Financial Reporting Standard 102, (effeclive 1st January 2016) These financial statements have been prepared in accordan 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 29 January 2026. Y l Luftig Director and Trustee
Bais Malka Limited Independent Auditors. Report to the Trustees of the charitable company on the accounts for the year ended 31 March 2025 Introduction We have audited the financial statements of Bais Malka Limited for the year ended 31 March 2025, as set out on pages 12 to 27. which comprise the Statemenl 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 wth 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 wtlh 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 fomied. 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 20(, 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 governan, are responsible for overseeing the ¢haritsble company's financial reporting process.
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 intemal 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 realisti¢ alternative but to do so. Our objectives are to obtain reasonable assurance about whether the financial ststements 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 aayS 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 perfom 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 a¢UntIng policies used and the reasonableness of a¢¢ounting 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 obtsined, 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 infomiation and explanations we require for our audit, or if infomiation specified by law regarding Trustees, remuneration and transactions with the charitable company is not disclosed.
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 perfomi our audit so as to meet the above requirements and to obtain all the infomiation 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 detemined 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 stste of affairs of the charitable company as at 31 March 2025 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 retums., or if infomiation 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 29 January 2026 11
Bais Malka Limited - Statement of Financial Activities for the year ended 31 March 2025 Statement of Financial Activities (including the Income and Expenditure Account for the year ended 31 March 2025, as required by the Companies Act 2006) Cun*nt year Unwtri¢ted Funds Current year Resth¢ted Fund8 Cvnpnt year Totsl Funds PAor Year Totsl Funds 2025 202S 2025 2024 Income & Endowments from: Charitable activities Investments other 1.507,439 24 96,448 1.507,439 1.203,420 96,448 260,357 Total income 1.603,911 1,603,911 1,463.777 Expenditure on- Charitable activities 1.577.312 1.577,312 1.397,933 Total expenditure 1.577,312 1.577,312 1,397.933 Net income for the year 26,599 26.599 65.844 Nat Incoma aftar transfers 26.599 26,599 65.844 Nat movèmont In funds 26.599 26.599 65,844 Raconclllatlon of funds'.- Total funds brought forrtard 1,839,491 1,839,491 1,773,650 Total funds carrfed fonvard 1.866,090 1.866.090 1,839,494 A separate Statement of Total Recognised Gains and Losses is not required as this statement indudes all recognised gains and losses. All activities derive from continuing operations The notes attached on pages 21 to 27 fonn an integrnl part of these accounts. 12
Bais Malka Limited - Statement of Financial Activities for the year ended 31 March 2025 Bais Malka Limited - Resources applied in the year ended 31 March 2025 towards fixed assets for Charity use:. 2025 2024 Funds generated in the year as detailed in the SOFA Resour$ applied on functional fixed assets ReSoUrS applied on Intangible assets Other appli¢alions of funds 26,599 112.1831 {200,000) 65,844 15.3121 Net resources available to fvnd charitsble activitie5 1185,5841 60.532 The resour5 applied on fixed assets for charity use represents the cost of additions kss 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 2025 Movements in revenue and capital funds for the year ended 31 March 2025 Revenue accumulated funds Total Last year Totsl Funds 2024 Fund$ 2025 Fund$ 2025 Funds 2025 Acc#Jmulated fvnds brought forward 1,174,562 1,174,562 1.108.718 Recognised gains and losses before transfers 26.599 26.599 65.844 1.201.161 1.201.161 1.174.562 Closing revenue funds 1.201,161 1.201.161 1.174.562 Revaluation Reserve Fund Unrestricted Restricted Total Last year Totsl Funds 2024 Fund$ 2025 Fund$ 2025 Funds 2025 At 1 April 664,929 664,929 664,929 At 31 March 664,929 664,929 664,929 Summary of funds Restri¢ie Funds T¢)tsl Funds La$t Year Totsl Fund8 and Designated lund$ 2025 2025 2025 2024 Revenue a¢¢umulaled funds Revaluation reserve fund 1.201.161 664.929 1.201,161 664,929 1.174.562 664,929 Total funds 1.866,090 1.866,090 1,839,491 The notes attached on pages 21 to 27 fonn an integrnl part of these accounts. 14
Bais Malka Limited - Statement of Financial Activities for the year ended 31 March 2025 Bais Malka Limited Income and Expenditure Account for the year ended 31 March 2025 as required by the Companies Act 2006 2025 2024 Income Income from operations 1.507,439 1,203,420 Investment income and interest Interest re1vable Other operating income 24 96.448 260.357 Gross in¢om• in th¢ year bofor¢ ex¢eptional items 1.603,911 1,463.777 Gro$$ in¢om• in th¢ y¢ar including ex¢eptional items 1.603,911 1,463,777 Expenditure Chartsble expenditure. excluding dep8110n and amortisation Depreciation and amortisation Governance costs Interest payable Realised losses on disposals of so(ial investments whith a programme related 1,452,347 12.636 4,800 107.529 1,345,526 14.518 4,800 33,089 Totsl expenditure in the year 1.577,312 1,397.933 Net in¢ome b¢for¢ tsx in th¢ finan¢ial year 26,599 65.844 Tax on surplus on ordinary activities Net Income after tax In tha financlal year 26,599 65,844 Retained surplus for the financial year 26,599 65,844 All activities derive from continuing operations In accordance with the provisions of the Companies Act 2006. Ihe headings and subheadings used in the Income and Expenditure account have been adapted to ieflect the speal nature of the charWs activrties. 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 2025 Notes 2025 2024 Fixed assets Intangible assets Tangible assets 200,000 2.252.559 10 2,253,012 Total fixed assets 2,452,559 2,253,012 Current assets Stocks Debtors 42,500 680,946 77,817 42,500 513,841 53,573 12 Cash at bank and in hand Totsl current assets 801.263 609.914 Creditors: amounts falling due within one year 13 (1.174.612) (785,230) Net current assets (373,349) (175,316) 2,079.210 2,077,696 Net assets Creditors= amounts falling due after more than one year 14 (213,121) (238,205) The total net assets of the charity 1.866.089 1.839.491 The total net assets of the charity are funded by the funds of the charity. as follows:. Restricted funds Unrestricted Funds Unrestricted Revenue Funds 19 1,201,160 664,929 1,174,562 664,929 Unrestricted Revaluation Reserve 19 1,866,089 1,839,491 Designated Funds Total charity funds 1.866.089 1.839,491 16
Bais Malka Limited - Balance Sheet as at 31 March 2025 The directors are satisfied that the company is entided to exemption from the requirement lo oblain 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 acknovledge their responsibilities for complying wth 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 Charilies Act auditor is on page 11. The financial statements have been prepared in accordan with the provisions in Part 15 of the Companies Act 2006. applicable to companies subject to the small cornpanies regime. Y I LUFTIG Trustee Approved by the board of trustees on 29 January 2026 The notes attached on pages 21 to 27 fonn an integral part of these accounts. 17
Bais Malka Limited Cash Flow Statement for the year ended 31 March 2025 2025 2024 Cash flows from operating activities Net cash provided by operating activities as shown below 270,788 82,608 Cash flows from investing activities Interest received 24 Purchase of propety. planl and equipment Purchase of intangible fixed assets {12.183) {200,000) {5.312) Net cash provided by investing activities {212.159) (5.312) Cash flows from financing activities Repayment of amounts borrowed Cash inflows from new borrowings (34,384) 2,442 (24.468) Net cash provided by financing activities (31.942) {24.468) Overall cash provided by all activities 26.687 52,828 Cash movements Change in cash and cash equivalents from activities in the year ended 31 March 2025 24,243 52.828 Cash and cash equivalents at 1 April 2024 53,574 746 Change in cash and cash equivalents due to exchange rate movements Cash at bank and in hand less overdrafts at 31 March 77,817 53,574 18
Bais Malka Limited Cash Flow Statement for the year ended 31 March 2025 Bais Malka Limited Cash Flow Statement for the year ended 31 March 2025 - Continued Reconciliation of net income to net cash flow from operating activities Net income as shown in the Statement of Financial Activities 26,599 65,844 Adjustments for :. Depreciation charges Write downs of investments Net unrealised losses on inveslment assets Dividends, interest and rents from investments Decrease in slocks Decrease in debtors Increase in creditors. exduding loans 12,636 14,518 (24) (12,500) (167,346) 182.092 {167,105) 398,682 Net cash provided by operating activities 270,788 82,608 Analysis of cash and cash equivalents 2025 2024 Cash in hand at for the year ended 31 March 2025 77,817 53.574 Total cash and cash equivalents 77,817 53,574 19
Bais Malka Limited Cash Flow Statement for the year ended 31 March 2025 Bais Malka Limited Cash Flow Statement for the year ended 31 March 2025 - Continued Analysis of change in net debt Atstart Cash At end of year 53.573 Flows of year 77,817 24,244 {85,187) (213,121} Cash 24,244 24,244 6.858 25,084 13,576 Loans falling due within one year Loans falling due after more than one year Finance lease obligations (92,045) (238,205) (13,576) Total (290,253) 69,762 {274,064) 20
Bais Malka Limited Notes to the Accounts for the year ended 31 March 2025 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, leffective 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 1 st January 20191, (The SORPI, published by the Charity Commission in England & Wales ICCEWI , and in accordan with all applicable law in the charity's jurisdiction of registration. exp1 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 20191, (The SORPI, in preferen to the previous SORP, the SORP 2005, which has been withdrawn, nOlthstanding the fact that the e*cant statutory regulations. the Charities (Accounts and Reports) Regulations 2008 refer explicitly to the SORP 2005. This has been done to accord with current best practi. Going Concern The charitable activities are entirely dependent on continuing parental voluntary contributions and some voluntary donations. As a consequence, the going concem basis is dependent on the future llow of these funding streams. Accordingly, the Tmslees have obtained forecasts and, after reviewng the financial forec8Sts for future periods to 31 st March 2026, the Trustees are satisfied that, at the time of approving the financial statements, it is appropriate to adopt the going cOnM basis in preparing the financial stalemenls. Other than these matters, the Trustees are not aware of any material uncertainiles about the charity's ability to continue as a going concem. 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 lo 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 wth 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 indudes all costs expended in bringing the asset into its intended working condition. There is no depreryation charged on land and buiklings wng to it being kept to a high standard. A regular annual review of the likelihood of asset impairynent is undertaken. 21
Bais Malka Limited Notes to the Accounts for the year ended 31 March 2025 Debtors Debtors are measured at their recoverable amounls al the balan sheet date. Fund Accounting Unrestricted funds are available for use at the discretion of the trustees in furtheran of the general objectives of the charity. There are no endowment funds. 2 Liability to tsxation The Trustees consider that the charity salisfies the tests set out in Paragraph 1 Sthedule 6 of the Finan Act 2010 for UK corporation tax purposes. Accordingly, the Charity is potenlially 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 speryfic charilable objects of the charity and for no other purpose. Value Added Tax is not recoverable by the tharity, and is therefore induded in the relevant costs in the Statement of Financial Activrties. 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 chari$ 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 re1vable or payable induding any related transaction costs. Current assets and current liabilities are SubSequenY 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 202S 2024 The net surplus before tax in the financial year is stated after charging'.- Depreciation of owned fixed assets Pension costs Auditors, remuneration 12.636 14.518 1,438 4.800 4.800 6 Interest payable 2025 2024 Hire Purchase interest Other Inte$1 Bank interest payable 2.392 74.768 30,369 6,264 26,825 107.529 33.089 22
Bais Malka Limited Notes to the Accounts for the year ended 31 March 2025 7 Staff Costs and emoluments Salary costs 2025 2024 Gross Salaries excluding trustees and key management personnel Employerfs contribution to defined benefit pension schemes 972,240 951,694 1.438 Total salaries. wages and related costs 976.586 953,132 Neither the trustees nor any persons connected wth them have received any remuneration from the charity or any related entity, either in the current or prior year. No employees received emoluments {exduding pension costs) in eXsS of £60,000 per annum. 8 Remuneration and payments to Trnstees and persons connected with them No trustees or persons connected with them received any remuneration from the charity, or any related entity. 9 Intsngible Fixed Assets 2025 2024 Lease Premium Cost Additions 200.000 At 31 March 2025 200.000 Amortisation At 31 March 202S Net book value 200.000 23
Bais Malka Limited Notes to the Accounts for the year ended 31 March 2025 10 Tangible fixed assets Current Year Land and Buildings Plant & Machinery Motor Vehicles Total Value Al 1 April 2024 Additions 2.194.938 7.076 72.592 5,107 2.267.530 12,183 At 31 March 2025 2,202.014 77,699 2.279,713 Depreciation Al 1 April 2024 Charge for the year 14,518 12.636 14,518 12.636 At 31 March 2025 27,154 27.154 Net book value At 31 March 2025 2,202.014 50,545 2.252,559 At 31 March 2024 2,194.938 $8,074 2.253,012 Prior Year Land and Bulldlngs Plant & Machlnery Motor V&hlcl•s Total Value 02 April 2023 Additions 2.194.938 67.280 5,312 2.262.218 5,312 31 March 2024 2.194.938 72,592 2.267,530 Depreciation Net book value 31 March 2024 2,194.938 72,592 2.267,530 01 April 2023 2,194.938 67,280 2.262,218 All assets are used for direct charitable purposes. Freeholdland and buildirtgs in¢ludedabove." 2025 2024 Historical cost Cumulative depreciation based on historical cost 1.537.086 1.530.009 This is the value placed on the property by the trustees. 24
Bais Malka Limited Notes to the Accounts for the year ended 31 March 2025 11 Stocks & Work in Progress 2025 2024 Stocks before write downs 42,500 42,500 42.500 42.500 Analysis of the carrying value of stocks and work in progress by activities Stocks 2025 2024 Activity Education 42,500 42,500 42.500 42.500 12 Debtors 2025 2024 Prepayments and accrued income Other debtors Lease payment in advan 219.017 7.320 454,609 142.720 371.121 680.946 513,841 13 Creditors: amounts falling due within one year 2025 2024 Bank loans and overdrafts Accruals Finan lease and HP contracts Sundry creditors and taxes Loans 85.187 245.373 92.045 296.425 13,576 2,217 380.967 2.217 841.835 1,174,612 785,230 Note.. Creditors includes £532,500 which has been reiVed in advance of a potential sale of property. 14 Creditors: arnounts falling due after one year 2025 2024 Bank loans and overdrafts 213,121 238,205 15 Loans to trustees included in debtor5 There are no loans to trustees. 25
Bais Malka Limited Notes to the Accounts for the year ended 31 March 2025 16 Revaluation reserve Current year Current year Unrestrficted Resthcted Funds Funds Current year Total Funds Prior Year Total Funds Current year 2025 2025 2024 At 1 April 2024 664.929 664.929 664,929 At 31 March 2025 664.929 664.929 664,929 All the revaluations in the pnor year was unrestricted. Prior Year Prior Year Prior Year Unrestricted Resthcted Total Funds Funds Fund$ Prioryear 2024 2024 2024 At start of previous year 664.929 664,929 At end of previous year 664.929 664.929 17 Income and Expenditure account summary 2025 2024 At 1 April 2024 Surplus for the year 1,174,562 26.599 1,108,718 65.844 At 31 March 2025 1,201.161 1.174,562 18 Particulars of how particular funds are represented by assets and liabilities At 31 March 2025 Unrestii¢ted Designated Restrithd funds funds funds T¢)tsl Fund8 Intangible Assets Tangible Fixeil Assets Current Assets 200.(KN) 2,252,559 801.263 (1,174,612) 1213.121) 200,000 2.252,559 801,263 11.174,6121 {213,1211 Current Liabilities Long Temi Liabilities 1,866,089 1.866,089 At 1 April 2024 Unre5tiicted Designated funds fvnds Restricted fund8 Total Fund8 Tangible Fixed A55ets Current Assets 2.253.012 609.914 1785.230) 1238,205) 2.253,012 609,914 1785,2301 {238,2051 Current Liabilities Long Tem Liabilities 1.839.491 1.839,491 26
Bais Malka Limited Notes to the Accounts for the year ended 31 March 2025 19 Change in totsl funds over the year as shown in Note 18. analy5ed by indtvidual fvnds Funds brought Movement in Transfers forward from fund5 in 2025 between 2024 fvnd$ in 2025 Fund8 carried forward to 2026 See Note 20 Unreslricted and designated funds.' Unrestricted Revenue Funds Unrestricted Revaluation Reserve 1.174,562 664.929 26,599 1.201,161 664,929 Total unrestricted and designated funds 1.839.491 26,599 1.866,090 Total charity funds 1,839.491 26,599 1.866,090 20 Analysis of movements in funds over the year as shown in Note 19 Other Gains & Income Expendrture Movement Loss¢$ in lund$ 2025 2025 2025 2025 Unrestricted and designated funds... Unrestricted Revenue Funds 1,603,911 11,5TT,3121 26,599 1,603.911 {1.577,3121 26,599 21 The purposes for which the funds Unrestri¢tedartd desiTgrtated lunds." 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. Unrestricted Revenue Funds Unrestricted Revaluation Reserve 22 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 2025 as required by the SORP 2015 This analysis is classsrfied by conventional nominal descriptions and not by activity. 23 Income from charitable activities Current year Current year Unrestricted Funds Current year Restricted Funds Current year Totsl Funds Prior Year Totsl fvnds 2025 2025 2025 2024 Primary purpose and ancillary trading Childcare 1.184,604 322.835 1,184,604 322.835 916,504 286,916 Council Grants Total Primary purpose and ancillary trading 1,507,439 1,507,439 1,203,420 24 Total Income from charitable activities Current year Unrestricted Funds Current year Restricted Funds Curr¢nt year Total Funds Prior Year Current year Total Funds 2025 2025 2025 2024 Total income from charitable activities 1.507.439 1,507,439 1,203,420 Total from charitable activities 1,507,439 1,507,439 1,203,420 28
Bais Malka Limited Detailed analysis of income and expenditure for the year ended 31 March 2025 as required by the SORP 2015 25 Investment income Current year Unrestricted Funds Current year Restricted Funds Current year Totsl Funds Prior Year Totsl Funds 2025 2025 2025 2024 Bank Interest Receivable 24 24 Totsl inveslment income 24 24 26 Other income and gains Current year Unrestricted Funds Current year Restricied Funds Current year Totsl Funds Prior Year Total Fund5 Current year 2025 2025 2025 2024 Sundry other income 96,448 96,448 260,357 Total other income 96,448 96,448 260,357 27 Expenditure on charitable activities - Direct spending Currant year Unrostrfjctad Funds Current yaar Rastrlcted Funds Currnnt yaar Prlor Yèar Total Fund5 Total Funds Current Year 2025 2025 2025 2024 Gross wages and salaries- charitable activities Defined benefit pension costs - charitable activities Marketing and advertising of charitable services Professional Fees Educational Requisites Travel, Outings, Functions and Food Staff Training and welfare 972.240 972,240 951.694 4.346 4.346 1.438 10.511 10,511 8.719 117,795 92,899 20.633 55,353 117,795 92,899 20,633 55,353 104.067 50.672 47.795 7.659 Total direct spending 1.273.777 1,273.777 1.172.044 29
Bais Malka Limited Detailed analysis of income and expenditure for the year ended 31 March 2025 as required by the SORP 2015 28 Expenditure on charitable activities- Grant funding of activities Current year Unrostrlctad Funds Currant yaar Rastrlctèd Funds Currnnt yaar Prlor Yèar Total Fund5 Total Funds Current Year 2025 2025 2025 2024 Grants made to organisations 685 685 Total grantmaking costs 685 685 Breakdown of Grants made to organisations Currant year Unrestrlctad Funds Currant yaar Rastrlctèd Funds Currnnt yaar Total Fund5 Current Year 2025 2025 2025 Grants 685 685 685 685 30
Bais Malka Limited Detailed analysis of income and expenditure for the year ended 31 March 2025 as required by the SORP 2015 29 Support costs for charitable activities Current year Unrestricted Funds Current year Restricted Funds Current year Totsl Funds Prior Year Totsl Funds Current Year 2025 2025 2025 2024 Premises Expenses Rent payable under operating leases Rates and water charges Light heat and power Cleaning and waste management Premises repairs, renewals and maintenance Other Premises Costs Propety insurance Security 5,708 11.567 35,386 22.777 5,708 11.567 35,386 22,777 6,664 8.676 33.734 22.264 22.723 22.723 30.973 742 15,585 27.104 742 15.585 27.104 699 14.213 25.868 Administrative overheads Telephone, fax and internet Stationery and printing Membership subscriptions Software licences and expenses Sundry expenses Office 7.461 6.022 16,035 4,233 (718) 1,563 7.461 6,022 16,035 4.233 (718) 1,563 6.879 5,665 7.952 5.507 647 Financial costs Bank charges Hire Purchase interest Other interest Depreciation & Amortisation in total for Bank interest payable 1,697 2,392 74.768 12,636 30.369 1,697 2.392 74,768 12,636 30,369 3.741 6.264 14.518 26.825 Support costs before reallocation 298,050 298,050 221,089 Total support costs - Current Year 298.050 298.050 221.089 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 31
Bais Malka Limited Detailed analysis of income and expenditure for the year ended 31 March 2025 as required by the SORP 2015 30 Other Expenditure - Governance costs Current year Unrestricted Funds Current year Restricted Funds Current year Totsl Funds Prior Year Total Fund5 Current Year 2025 2025 2025 2024 Auditor's fees 4.800 4.800 4.800 Totsl Govemance costs 4.800 4.800 4.800 All the expenditure in the prior year was unrestricted. 31 Total Charitable expenditure Current year Unrestri¢t¢d Funds Current year Restricted Funds Current year Total Funds Prior Year Total Funds Current Year 2025 2025 2025 2024 Total direct spending Total grantmaking costs Total support costs Total Governance costs 1.273.777 685 298,050 4,800 1.273.777 685 298,050 4,800 1.172.044 221,089 4.800 Totsl charitsble expenditure 1.577.312 1.577.312 1.397.933 All the expenditure in the prior year was unrestricted. Prior Year Unrestri¢t¢d Funds Prior Year Restricted Fund$ Prior Year Total Funds Prior Year 2024 2024 2024 Total direct spending Total support costs Total Governance costs 1.172,044 221,089 4,800 1,172,044 221,089 4.800 Total charitable expenditure 1.397.933 1,397,933 32
Bais Malka Limited Activity analysis of Income and expenditure for the forthe year ended 31 March 2025 This analysis is classsified by activity and not by conventional nominal descriptions. 32 Analysis of income by activity 2025 2024 Activity Incorne from charitsble activities Education 1,507,439 1,203,420 Summary of Total Income, including the items above Charitable activities Investment income Other income 1,507,439 24 96.448 1,203,420 260,357 Totsl income as shown in the SOFA 1.603,911 1,463,777 Categories of incon Income from non exchange transactions 1,603,911 1,463,777 33 Analysis of charitable expenditure by activity Activity Direct costs Support costs Grant funding of activities 2025 Total Total 2025 2025 2025 2024 Education Direct charitable costs 1,273,777 1,273,777 141.592 34,596 121,862 685 1,172,044 143,091 26,650 51,348 Premises expenses Administrative overheads 141,592 34,596 121,862 Financial costs Granlm8king costs Totsl Education 1.273.777 298.050 685 1,572,512 1,393,133 33
Bais Malka Limited Activity analysis of Income and expenditure for the forthe year ended 31 March 2025 Summary of charitable costs by activity Direct costs Support costs Grant funding of activities 2025 Total Totsl 2025 2025 2025 2024 Total Education Total Governan costs Note 30 1.273.T17 298,050 4,800 1,572,512 4,800 1,393.133 4,800 Total charitable expenditure 1.273.777 302.850 685 1,577,312 1,397,933 The basis of allocation of costs between activities is described under accounting poliaes The breakdown of this expenditure by type of spending lie nominal dassification} is detailed in note 31 Analysis of support and governance costs by charitable activities Governance Finance Human Other Resources Overheads Totsl Activity Education 4,8CNJ 121.862 176,188 302,850 Summary of grant making by activity Grants to institutions 2025 Grants to individuals 2025 Support costs 2025 Total Total 2025 2024 Education 685 685 685 685 Fuller details of grants made and related costs. including support costs, are shown in note 28. 34 Analysis of non charitable expenditure by activity Govemance costs Govemance costs 2025 Govemanee osts 2024 Other Expenditure- G0Veman costs as detsiled in Note 30 4,800 4,800