COMPANY KEGISTRATION NtIMBER: 116660324 CHAIUTY REGISTRATIONNLJMBER: 1125988 Bei8 Ruchel DISatmAr (London) Limlted CornpAny Limlted by Guarantee Financlal Statsments 31 August 2024 COHEI¥4 ARNOLD Chartered accounLgnts & statutory auditor New Burlington House 1075 Finchley Road LONDON NWII OPU
Bels Ruchel DISatmar (London) Limited Company Llmited by Guarantse Financlal Statements Year ended 31 August 2024 Page Trnstees, annual report (incorporatitig the directofs report) Independent auditor's report to the members Statement of financial activities (including income and expenditure account) Statement of fmancial position Ststem¢nt of cash flows 10 11 Notes to the fuwicial statements 12
Bels Ruehel D'satmar (London) Limited Company Limited by Guarantee Trustees, Annual Report Uneorporating the Director's Report) Year ended 31 August 2024 The trustees, who are also the directors for thc purposes of company law. present their rcport and the financial statements of the charity for the year ¢nd¢d 31 August 2024. Reference and admiTristratlve detalls Bels Ruchel D'satmar (London) Limited 1125988 Registered cbarity nY4me Charity registratloD number Company registratioD number 06660324 Princip21 office 117 Stamford Hill London N16 5RS Reglstered office New Burlington House 1075 Finchley Roaé London NWII OPU The trustees Mr J Kernkraut Mr J Herzka Mr A Y Klein Company sccretary Audltor A Y Klein Cohen Arnold Chartered accountants & statutory auditor New Burlington House 1075 Finchley Road LONDON NWII OPU Structurei governanee and managtment Th¢ charity is constittited as a company limited by guarantee and as such, its governin8 documents are its Memorandum and Articles of Association. The ttustees athwnister the day-to-day affairs of the charity supported by a full time adrnioistrator, general oftice staff. teachers aud assistants. None of the trustees have any beneficial intcresl in the charity. All tnjstees give tbeir time voluntarily and no benefit or expenses were paid to them in the year. It is nol the intention of Ihe trus*es of ihe charity to appoint any new trustecs. Should the situation change in the ture, the ttustees will apply suitable recruitroent training and induction procedur¢s. Risk manigement The trustee5 have idcntified and reviewed the major risks to which the charity is exposed. Both manual and automated checks are reglllarly invoked, particularly those relating to the operations and finance of tbe charity. The trustees are satisfied that these systems and proccdures reduce any perceived risks.
Bels Ruchel D'satmar (London) Limited Company Limited by Guarantse Trustees, Annual Report (Incorporating tbe Director's Report) (e•Mlthued) Year ended 31 August 2024 ObJcctive5 and atllvities Th¢ object of the charity is tbe furtherance of education in tbe Orthodox Jewish faith. In fiherance of this object, the charity operalc5 an iDdependcnt Orthodox Jewish school in North London pioviding education for 1,121 (2023: 1,037) girls. Public benefit The trustees ot" the charity confirn) that th¢y havc considered The Charity Commission's general guidance on public benefit and the requirements of Section 4 of the Charities Act 2011 in this ar¢a, in particular public benefit guidance on advancing educalion, when reviewing thc charity's aims and objectives. and in plaDDing future activities ld setting grant making policy for the year. Achievements and performaDce The school whiLh was opened in 2008 now has over 1,000 pupils. The scltt)ol currently educates children from the age of 3 and spends considerable time on "Kod¢sh" subjects based upon the Orthodox Jewish faith in additlOD to the national curriculum. Fin4Dclal revlew The charity has very loyal supporters who have provided financial support lo the school to help cover defirits when necessary. Thc continued growth of the school is 8 sign of its su¢¢ess but At comes with additional cos15 and the tn1¢¢$ hav¢ put all their efforts in fundin8 th¢ growth and as such have not been able to build up free reserves. The trui>tecs are now actively working on a plan to repay the creditors and build up reserve8. As 8131 Au8USt 2024 the charity's fijnds were £182,379 in defjcit. Trustees, responsfibllities Statement The trusl¢es, who also directors for thc pury)os¢s of company law, are responsiblc for preparing Ibe truslees, report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted A¢¢ounling Prartice). Company law requires the charity InteeS to prepare financial statements for each year which give a true and fair view of the stilte of affairs of the charitable company and the iocoming resources and application of resources. including the income and expenditure, for thal period. In prepaTing these tinancial statements, the trustees are required to: select suilable accounting policies and Ihen apply them consistently; observe the methods and Principles in the applicable Charilies SORP. make judgments and accounting estimates that are re&sonable and prudent. prcparc the financial siaternents on the going concern basis unless it is inappropriate to presume that the Chlty will continue in business. The tSteeS are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any tim¢ the financial position of the charity aiid enable them lo ¢nsut¢ that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and det¢¢tion of fraud and other irregularities.
Bels Rucbel D'satmar (London) Limlted Company Limited by Guarantee Trustees, Annual Report (Incory)orating tbe Director's Report) fcomrfwwedj Year ended 31 August 2024 Alldltor Eaeh of the persons who is a trust¢¢ at the date of approval of this report confirn)s that: 50 far as they are aware, there is no relevant audit infornution of which the cbaritls auditor is unaware" and they have taken all steps thai they ought to have taken as a trustee to make themselve8 aware of any relevant audit inforniation and lo cstablish that the charity's auditor is aware of thal infoFm£tton. Small company provislons This report has been prepared in accoTdan¢e with the provisions applicable to companies entitled to the small companies exemption. The trust¢es' annual report was approved on 26 June 2025. and sibrned on bchalf of the board of Irusl by,, Mr A Y Kieln Tnte¢
Bels Ruehel D'satmar (London) Limited Company Limited by Guarantee Independent Auditor's Report to the Members of Beis Ruchel D'satmar (London) Limited Year ended 31 August 2024 Opinlon We have audited the financial statements of Bels Ruchcl D'sattnar (London) Limited (the 'charity') for the year ended 31 August 2024 which comprise the statement of financial activities (including income aiid expeiiditrure account), stalernenl of financial position, statement of cllsh flows and the related notes. including a sumniary of significant accounting policies. The financial reporting ITMmework that has been applicd in their preparation is applicable law and Utiited Kingdorn Accounling StandariLg. including FRS 102 The Financial Rcporting Standard applicable in tbc UK and R¢public of Ircland (United Kingdom G¢n¢rally Accepl¢d Accollntin8 Piactice). In our opinion the financial statements: ¥ive a true and fair view of Ihe slate of the charitys affairs as at 31 August 2024 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended: have been properly prepared in accordancc with United Kingdom Generally Accepted Accounting Practice" have been prepared in accordance with the requircments of the Companies Act 2006. Basis for oplnion We conducted our audit in accordaoce with International Standards on Auditing (UK) (ISAS (UK)} and applicable law. Our responsibilitie5 under those standariLs are fvrther described in the auditor's responsibilities for th¢ audit of th¢ financial statcments section of our report. We are independent of the charity in accordance with the eihical requireinenls that are relevant lo our audit of the financial statements in the UK, Including the FRC'S Ethical StaniJaTd, and we have fulfilled our other etliical responsibilities in accordance with these requiremenls. We believe that the audit evidence we have obtained is suificient and appropriate to provide a basis for our opinion. Concluslons relgtillg to going concern In auditing the financial statements, we have nCluded that the trustees, use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we havc performed, we hav¢ not identifi¢d any material uncertainties r¢lating to evenls or conditions that, individually or coll¢ctivcly, Inay cast signiticant doubt on thc charity's bility to continuc as a going conccm for a period of at least twelve n)onihs from whcD th¢ financial 5tatem¢nts are authorised for issuc. Our responsibilities and the rcsponsibilities of the trustees with respect to going concern are described in th¢ relcvanl sections of this report.
Bels Ruchel D'satmar (London) Limited Company Limited by Guarantee Independent Auditor's Report to the Member5 of Bels Ruchel D'satmar (London) Limited C¢oniiWtsj Year ended 31 August 2024 Other information The otheT infomiation comprises the infom)ation included in the annual report, other tban the financial statements and our auditor's report thereon. The trustees are rcsponsible for the oiher infonnation. Our Opinion on the financial statements does not cover the other itifornation and, except to the extent otherwise explicitly stated in our report, we do not express any forni of assurance Conclusion th¢reon. In conn¢¢lion with our audit of the fllwAcial statemenls, our responsibility is to read the otber inforniation and, in doing so, consider whetl)er the other infonnalion is materially inconsistent with the financial statements or our knowledge ubtailled in the audit or oihenvise appears to be materially misststed. If we identify such material inconsistencies or apparent material misstatemcnls, we are required to d¢t¢rnin¢ wh¢theT there is a material mi5Stalement in tbe financial statements or a rnatcrial miystatement of the other infonnation. If, based on the work we have perfomied. we conclude that there is a matcrial misststement of this other infonnation, we are required to report that fact, We have nothtng to report in this regard. Oplnions on olher matters prescribed by the Companles Aet 2006 in our opinion, based on the work undertaken in the course of the audit: the infonnation givcn in the trustees, report for the financial year for which the financial statemcnts are prepared is consistent with the fmancial statements; attd thc Inlees, report has been prepared in accordance with upplicable legal requirements. Matters on which we are required to report by exception In the lighi of the knowledge and understanding of the charity and its eTJvironment obtained in th¢ course of the audit, we have not identified material misstaleTnents in the trustees, report. Wc have nothing to report in respcct of thc following mattcrs in relation to which the Companies Acl 2006 requires us to report to you if, in our opinion: adcquate accounting records have not been k¢pt, or rcturns adequate for our audit havc not been received from branches not Vi51ted by us. or the financial stat¢ments are not in agreement with the accounting records and r¢turns' or certain disclosures of irustees, rernuneration specified by law are not made. or we have not receivcd all the information and explanations we require for our audit; or the truslees wer¢ not entitled to PTcpare the financial statements in accordanc¢ with the small conipani¢s regime gnd take advantag¢ of the small companies, exwnptions in preparing ihe direclor5' report and from the requirement to preparc a strategiL rOrt..
Bels Ruehel D'satmar (London) Limited Company Limited by Guarantee Independent Auditor's Report to the Mernbers of Bels Ruchel D'satmar (London) Limlted (cooli•w6d) Year ended 31 August 2024 Responsibilities of trustees As explained more fully in the trustees, responsibilities statenient, the tnLslees (who are also the directors for the purposes of company law) arc responsible for the preparation of the fmancial statetneftls and for being satisfied that tbey give a true and fair view. and for such internal control as the trustees detennine 15 necessary to enable the preparation of financial statements that ore fr¢¢ from rnalerial misstatement. whether due to fraud or error. ID preparing the finiincial stat¢menlS, the truslees are responsible for ass¢s$g the charity's ability to continue as a going concern, disclosing, as applicable, matters related lo going concern and using the going concern basis of accounting unless the tTUStees eithcr intcnd lo liquidale thc charity or to cease operations, or have no realistic alternalive but to do so. Auditor's responslbilltles for the audlt of the financial statements Our objectives arc to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether duc to fraud or eor, and to issue an auditor's report thal includes ow opinion. Reasonable assurance is a high level of assurance, but is not o guarantee that an audit conducled in accordancc with ISAS (UK) will always detect a rnaterial misstatement when it cxists. Misstatements can arisc from fraud or eor and are considered materidl if, individually or in the aggregate, they could reasonably be expected to influence the economic de¢i8ions of users taken on the basis of these financial statcjnents. IegUlaritIeS, includAng fraud, are instances of non-compliance with laws and regulations. We design procedure5 in line with our responsibilities, outlined above, to detect material misstatements in respect of irtegularilies, including fraud. The extent lo which our procedures are capable of dctecting irregularities, includin¥ fraud is detailed below: We obtained an understanding of thc Icgal and regulatory frameworks that are applicable lo the charity through discussion with the tnistees and identified financial reporting legislation and charity legi8lation as being most Silficunt to these finanLial statements, We ¢ommunicated th¢se identified frameworks amongst our audit team and r¢maiDed alert to any indications of non-compliance throughout the audit. We enyurcd that the engagement team had sufficient competence and capability to idcntify or recognis¢ non-compliallce with the laws and regulations. We discussed with the trustee5 the policies and pro¢edurcs regarding compliance with these legal and r¢gulatory framcwoTks. We assessed the susccptibility of the charity's financial statements to rnat¢rial misstatement due to nonvcompliance with Icgal and regulatory frameworks, including how fraud might vccur, by enquiry with th¢ trustees during the planning and finalisation phases stages of our audit. The $usceptibility to such material misstatement was deterniined to be low. Based on this understanding, we designed our audit procedures to identify non-complTance wtth the identified legal and regulatory frameworks. which were part of our procedures on the related financial statement items.
Bels Ruehel D'satmar (London) Limited Company Limited by Guarantee Independent Auditor's Report to the Members of Bels Ruchel D'satmar (London) Llmited Year ended 31 August 2024 As part of an audit in accordance wilh ISAS (UK), we exercise prof¢ssional judgment and maintain Professional scepticism throughout the audit. We also- Identify and assess the risks of material misstatement of tbe financial statements. wbeth¢r due to fraud or crror. design and perfotm audit Procedures responsiv¢ to those risks, and obtain audit evidence that is sufficient and appropriare to provide a basis for our opinion. Thc risk of not detecting a matenal misstatement resulting from fraud is higher than for one resulting from ¢rror, as fraud may involve Collusio forg¢ry, intentional omissions, mispreSetstionS, or the override of intctnal conlrol. Obtain an undcrslanding of intcrnal eonlrol relevant to tbe audit in order to design audit procedures that are appropriate in the circumstances, but noi for the purpose of expressing an opinion on tbe effectiveness of the inteTnal control. Evaluate the appropriateness of accounting policie5 used and tb¢ reasonableness of accounling estirnatcs and related disclosures made by the trustees. Conclude on the appToprialene85 of tbc tN5tees' use of thc going concern basis ot accounting and, based on the audit evidence obtained, whether a material uncertainty exists related io evcnt5 or conditions that may cast significant doubt on the charity's ability to contlDue as a going concem. If we conclude that a material uncertainty exists, we are required to draw atl¢ntion in our auditor's report to the rclaled disclusures in the financial statements or, if 8uch di.%closures are inadequate, to modify our opinion. Our conclusions are based on thc audit ¢vidence obtained up to the date of our auditor's report. However, fiiturc events OT conditions may cause the charity to ceaye to Gontinue as a going concern. Evaluate the overall presentation, stAUCture and content of the financial slaternents, including the disclosures, and whether the financial statements represent the underlying transaclions and events in a manner that achieves fair pres¢nlation.
Bels Ruchel D'satmar (London) Limited Company Limited by Guarantee Independent Auditor's Report to the Members of Bels Ruchel D'satmar (London) Limited (eowinu¢d) Year ended 31 August 2024 We communicate with those cbaTged with governanee regarding. among othcT matters, the planned scope and timing of the audit and significant audit findings. including any significant deflciencies in internal control that we identify during our audit. Use of our report This report is made solely to the charitys members, as a body, in accordance with Chapter 3 of Part 16 of the Companics Act 2006. Our audit work has been undertakcn so that we might state to the chariws rnemb¢rs those matters we are required to state to them An an auditorfs r¢port and for no otlwr putPOS¢. To the fullest extent p¢nnitted by law, we do not accept or assume Tesponsibility to anyone other tha the charity and the charity's member5 as & body. for our audit worK for tILiS report, or for th¢ opinions we have fornicd. Dad G g (Senior Statutory Auditor) on behalf of en Arnold charter accountan15 & statutory auditor New Burlington House 1075 Finchlcy Road LONDON Nwi i OPU 26 June 2025
Bels Ruehel D'satmar (London) Limited Company Limited by GuarAlltee Statement of Financial Activities (including income and expenditure account) Year ended 31 August 2024 2024 Unrestricted fijnds Total funds Total funds 2023 Note Ineome and eDdowments Donations and legacies Charitable activities 722,851 2,284,611 3,007.462 722,851 2284,611 3,007.462 592.878 2,082.286 2.675.164 Total incom¢ Expendlture Expenditure on raising funds: Costs of raising donations and legacies Expcnditure on charitable aclivities Total expenditure (4.472) (4,472) (1.294) 8,9 (3,075,197) (3,075,197) (2,685,153) (3,079,669) (3,079,669) (2,686,447) Net expenditure and net movement In funds (72,207) (72.207) (11,283) Reconclllation of funds Total fiinds brought forward Total funds cirried forward (110,172) (110,172) (98,889) (182,379) (I82,379) (110,172) The statement of financial activities in¢ludes all gains and losses recogmised in the year. All income and expendityre derive from continuing activities. The notes on page5 12 to 20 form pgrt frf thc5e finanelal statements.
Bels Ruchel D'salmar (London) Llmited Company Limited by Guarantee Statement of Financlal Position 31 August 2024 2024 2023 Flxed assets Tangible fjxed a&sels Current assets Debtors Cash at bank and in hand 16 781.211 767,018 17 29,263 229.282 138.715 138.715 258,545 Credltors: Imomnts falllng due wlthln one vear Net eurreDt liabilltles 19 1,052,542 913.827 1,049,445 790,900 (132,616) (23,882) 49,763 86,290 (182,379) (110,172) Total f4ssets less currenl liabllities Creditor5: amovnts falling due after more thall one year Net Ilabilities 20 Funds of the charity Unrestricted funds (182,379) (110,172) (182,379) (110,172) Total charity funds 22 These financial staternents have been prepared in accordance with the provision8 applicable to companies subject Éo the Small cornpanies, rerne. These financial statements were approved by the board of trustees and authorised for issue on 26 June 202.wnd arc Yn¢d on bchalf L)f the board by.. Mr A Y Kleln TrSlee The notes OD piges 12 tfr 211 form p*rt of thele fAnandal s¢atemEnts. io
Bels Ruehel D'Satm>r (London) Limited Company Limited by Guarantee Statement of Cash Flows Year ended 31 August 2024 2024 2023 Note Cash flows from operating acllvllie$ Net expenditure Adjuslmentsfor.. tkprecialion of tangiblc fixed ass¢tS Interest payable and similaT charges A¢crued expens¢sl(incomc) Changes in.. Trade and other debtors Trade and other creditors {72.207) (11,283) 75,382 3,739 11,400 69,427 13.33J (3,400) 29,263 {17,134) 30.443 (17.840) 160,364 210,599 (13,331) 197.268 Cash generated from operations tntere8t paid Net cash frorn operating activities (3,739) 26,704 Cash flows from inv¢$ting attivitles Purchase of tangiblc assets Net Gash used in investing activities (89,575) (89,575) (83,387) (83,387) Cash floivs from flnancing aetivltles Proceed8 from boOW)ng8 Net cash used in financin8 activities (19,977) (19,977) (9,121) (9,121) Net (decrefisevincrease In c25h aDd cash equivalenti Cash and cash equivalents at begiDnlng of year Casb and Cash equivalents at cnd of year (82,848) 215,835 132,987 104,760 111,075 215,835 The llol¢$ on page¥ 12 ts 20 form pxrt of these financial s¢atcmeDts.
Bels Ruehel D'satmar (London) Limited Company Llmlted by Guarantee Notes to the Financial Statements Year ended 31 August 2024 General Information The charity is a public b¢n¢fit entity and a private company limited by guarantee, registered in England and Wales and a registercd charity in England and Wales. The address of th¢ registered 01¢¢ is New Burlington Hous¢. 1075 Finchley Road, London, NWI I OPU. Statement of complfiance Thesc financial slatements have been prepared in compliance with FRS 102, Yhc Financial Reporting Standard applicabl¢ in the UK and the Republic of Ireland., the StstemeDI of Recommended Practice appltcable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Companies Act 2006. Accounting poli¢ie$ Basls of preparatio The financial stateinettts have been prepared on th¢ historical cost basis, as modified by the revaluation ot" certain financial assets and liabilities and investment properties measured at fair value through income oi expenditure. Thc financial statements are prepared in sierling, which is thc functional currency of the enlity. Guing concern The accounts have been prepared on a going conLern basis on the assumption of coiilinu¢d support from its Creditors. Judgements and key sources of estimation uncertainty In tbe application of the charity's a¢countin8 policies, the Trustees are required to make judgemcnls, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and asso¢iatcd assumptions ar¢ based on historical experience and other factors that are ¢onsider¢d to be ielevanL Actu41 r¢sult5 may differ from these estimates. The estimates and underlying assumptions att reviewed on an ongoing basis. Revisions to accounting eslimates ar¢ recOgI5¢d in the EKTiod in which the estimate is revised if the revision affects only that period. or in tbc period of the revision and future periods if the revision affects both current and futurc periods. Thc Trustees do not consider Ihcre are any critical judgements or sources of cstimation unccrtainty requiring disclosurc beyond the accounting policies listed below. 12
Bels Ruchel D'satmar (London) Limited Company Limited by Guarantee Notes to the Financial Statements (t•o1inutd) Year ended 31 August 2024 Accounting policies Fund accountlng Unrestricted fuThds are available for use at the discretion of the tteeS to further any of the charity's purposes. D¢s]ated funds are unrestricted funds earniarked by the trustees for particular future project or commitment. Re$tricled funds ar¢ subjected to restrictions on their exp¢ndittwe d¢¢lared by th¢ donor or through the lern)s of an appeal, and fall into one of 0 sub-classey". restricted income funds or ¢ndowmcnt funds. Incomlng resourees All incoming resources are included in the statement of financial activities when entitlement has p&8sed to the charity- it is probable that the economic benefits associated with the transaction will flow to tbe charity and the amount can be r¢liably mcasurcd. The following specific poliries are applied to particular categories of income.. income from donatious or grants is recols¢d whcn there is evidence of entitleinenl to the gifi, receipt is probable and its amount can be measured r¢liably. legacy incomc is recognised when receipt is probable and entitlement is establishcd. income trom donated goody is measured fit the fair value of thc goods unless this is impracucal to measure reliably, ID which c&8e the valuc is derived from the cost to thc donor or the estimated resale value. Donated facilities and servicey are recognised in the accounts when received if the value be reliably me&sured. No amounts &Te included for the contribution of general volunteers. income from contracts for the supply of services is recogniscd with the delivery ot tlie contracted service. This is classified as unrestricted funds unless there is a conlractual requirement for it to be spent on a particular purpose and returned if unspent, in whicb Case it may be regarded as restricted. 13
Bels Ruehel D'Satm2r (London) Limited Company Lirnited by Guydfgntee Notes to the Financial Statements fconrimMrf&l) Year ended 31 August 2024 Aecounting polieies {eoniiNMJ Resources expended Expenditure is reCOlsed on an accruals basis as a liability is inCu¢d. Expenditure includes any VAT which cannot be llY recovered, and is classified under beadings of the statement of fmancial activities to which it relates: expenditure on raising funds includes the costs of all fundraising activities, events. non-charitable trading activities, and the sale of doJ)at¢d goods. eApenditUTe on charilable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for tbc b¢ncfit of ils bcncficiaries, including tb05¢ support costs and costs relating lo the governance of the charity apportioned to Gharitable activities. other expenditure includes all exp¢nditure ihat 1$ neither related to raising funds for the charity Dor part of its expenditure on charitable activities. AII costs are allocated to expendilure categories reflecting the use of the resouTce. Direct costs attributable to a 5ingl¢ aclivity are allocated directly to that activity. Shared costs are apportioncd between thc activities Ihcy contribute to on a reasonable, justifiable and consistcnt basis. Tgngible asbets Tangible assels are inilially recorded at cost, and subsequently stated at cost less any accumulaled depreciation and impainnent losses, Any tYlDgible asset¥ caffied at revalued amounts arc recorded at the fair value at the datc of revaluation less any 8ub8equenl accumulated depreciation and subsequent accumulated impairnient loss¢s. Depreciation Depreciation is calculated 50 as to write off the cost or valuation of an asset, less its residual VUe, over the useful cconomic lif¢ of that asset as follows: Long leasehold property Over the lease period Fixtures and fittings 150/0 reducing balance Motor vehicles 15 % reducing balance G¢irden & play8round 150/0 reducing balance equipmcnt Impairment of flxèd assets A revicw for indicators of impairnient is carried out at each rq)orting dAte. with the re¢overable amount being estimated where Such indicators ¢xist. Where the carrying valiie exceed5 the recoverable amoun¢ the assct is impaired a¢cordingly. Prior impainnents are also revicwed for possible reversal at each reporting date. For the putposes of impairment testing, whcn it is not possible to estimate thc recoverable amount of an individual asset, an estimate is made of the rcroverabl¢ amount of the ca5h-geneTating unit to which the asset b¢long5. The ca5h-geneiating unit is the smxllest identifiable group of as5els that includes tlie asset and generates cash iT]flows tbat largely independent of tlie cash infiows from other assets or groups of assets. 14
Bels Ruchel D'satmar (London) Limited Company Limited by GuarAntee Notes to the Finanefial Statements Year ended 31 August 2024 Aecounting polt¢ies Jmpalrnient of fixed a55etS (cvnllnued) For impairnient testing of goodwill, the goodwill dcquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units Ihat are expected to benefit from the synergies of the combination, itrcspcctive of whether othcr assets or liabilities of the charity are assigned to thobe unils. Financial instruments A financial asset or a finanLiiil liability is recognised only when the entity becomes a party to the contractual provisions of the instrnment. Basic financial instyments are inilially recognised at the amount receivable or payable including aDy rclatcd transaction costs, unless rhe arraiigement conStiteS a financing transaction, wherc it is rognISed al the present value of the tUre payments discounted at a market rat¢ of interest for a similar debt instnjment. Current assets and Current liabilities are subsequcntly measur¢d at the cash or other consideration expcetcd to be paid or received and not discount¢d, Debt inslruments are subsequently measured at amortised cost. Limited by gugraDtee The charity is 8 company limited by guaranlee and has no share capital. Donations and legacles Unrestricted Total Funds Unrcslricied Total Funds Funds 2024 Funds 2023 Donations Donation 722,851 722,851 592,878 592,878 Charitable actlvitle$ Unrestrioted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Cbildcare fte5 2,284,611 2,284,611 2,082,286 2,082,286 Costs of rai5in¥ donations and legacies Unrestricted Total Funds Unrestricted Total Funds Funds 2024 FuDds 2023 Costs of raising donations and legacies Donatii)ns 4,472 4,472 1294 1,294 15
Bels Ruchel D'satmar (London) Limited Company Limited by Guarantee Notes to the Financial Statements (ctsnrfmmed) Year ended 31 August 2024 Expenditure on ehrlritable aetivities by fund type Unr¢strtcted Tot21 Funds Unrestricted Totsl Funds Funds 2024 Funds 2023 Bels Ruthel D'satmar Scbool Support costs 3,058,612 16,585 3,075,197 3,058,612 16,585 2,676,553 8,600 2,685,153 2,676,553 3,075,197 2,685,153 Expendlture OD cbarltable ACtlvlti•s by a¢ty type Activities undertaken Grani fimding directly of activities Support costs TolAI funds 2024 Total nd 2023 Beis Ruchel D'satmar School Govcrnance cosls 3.030,327 28.285 3,058.612 16,585 3,075.197 2,676,553 8,600 16,585 16,585 3,030,327 28,285 2,685,153 10. Anfdlysls of grants 2024 2023 Graots to Instltutlon# Granls to institionS 28.285 16,420 Total grants 28,285 16,420 11. Net expenditure Nel expenditu is stated after ¢harging/(crcditing): 2024 2023 Depreciation of tangible fixed assets 75,382 69,427 12. Audltors remunerY4tion 2024 2023 Fees payable for the audit of the fmancial siatements I I,400 11.41X) 16
Bels Ruchel D'SatmAr (London) Limited Company Limited by Guarydntee Notes to the Financial Statements (covffiKMedJ Year ended 31 Allgust 2024 13. Staff eosts Th¢ total staff c08ts and employce benefits for the reportiDg period ar¢ analysed as follows.. 2024 2023 Wages and salaTies Employer contributions to pension plans 2,154,412 659 1,900,412 619 2,155,071 1,901.031 The &v¢ra¥c bcad count of cmployees during the year wa5 335 {2023,. 330). No employe¢ received employee benefits of more than £60,000 duriDg the year (2023.. Nil). Key Management Personnel Thc only key managetnenl personnel in the charlty are th¢ Trustees, 14. Trustee remunerpdtion and expenses There was nv rernuncralion paid to Irus(ees. The charity did not meet any individual expcnses incurred by th¢ trustees for services provided to thc charity. 15. Translers between funds TTan5fcrs between funds relates to restricted income sp¢nt on capital expenditurc. It is the policy of the charity to rnove these to unrestiicted fundy once it has been spent unless there are restricting conditions even after the incon]e has been spent. 16. Tanglble flxed as$et$ Long leasehold Fixbjres and prop¢rty rittings Motor Playground vehicles equipment Total Cost At I September 2023 Additions 869.505 22,050 891.555 283,522 67,525 110,290 60,640 1,323,957 89,575 60.640 1,413,532 At 31 August 2024 Depreclation At I Seplember 2023 Charge for the year At 31 August 2024 Carrying amount At 31 August 2024 At 31 August 2023 351,047 I EO,290 299,802 35,656 173,442 26,641 35.490 11,220 48.205 1,865 50,070 556,939 75,382 632,321 335,458 200.083 46,710 556.097 150,964 63,580 10,570 12,435 781,211 767.018 569,703 110,080 74,800 17
Bels Ruehel D'satmar (London) Limlted Company Limited by Guarantee Notes to th¢ Financial Statements {ct•Klinued) Year ended 31 August 2024 17. Debtors 2024 2023 Trade d¢biors Pr¢payments and acrnied incomc Other debtors 6,263 8,000 15,000 29,263 18. Cash and cash equlvalents Cash and cash equivalents comprise the following.. 2024 2023 Cash at bank and in hand Bank overdrnfts 138,715 (5,728) 132,987 229,282 (13,447) 215,835 19. Credltors: amounts fAIIIDg due within one year 2024 2023 Bank loans and ovcrdrafts Trade creditors Accrua18 and deferred income Social security and other taxes Other ¢r¢ditors 5,728 195,721 22,800 66,168 762,125 1,052,542 13,447 119,291 11,400 57,843 847,464 1,049.445 20. Credltors: amounts falllng due after more than one year 2024 2023 Bank loans and overdrafts Other creditors 15,133 34,630 49,763 35,110 51,180 86,290 21. Pensions qnd other post retirement benefjts Defined Contribution plans The amount recognised in income or expenditu as an expense in relation to defined contribution plans w2s £659 (2023: £619). 18
Bels Ruchel D'satmar {London) Limited Company Limited by Guarantee otes to the Financial Statements Year ended 31 Allgust 2024 22. Analysis of charltable funds Unrestricted funds At I September 2023 At 31 August 2024 Income Expenditure G¢neral funds (i10,172} 3,007,462 (3,079,669) (182,379) At I September 2022 At 31 August 2023 Income Expenditure General funds (98,889) 2,675,164 (2,686,447) (110,172) 23. Anal)'sis of net assets between funds Unreslri¢ted Total Funds Funds 2024 Tan8ible fjxed assets CurTent a525¢ts Creditots Icss than l year Cr¢ditors greater than l year Net liabilities 781,211 781,211 138.715 138,715 (1,052,542) (1,052,542) (49,763) (49,763) ( l82,379) (182.379) Unrestricted Total Fund8 Funds 2023 Tangible fixed assels Current assets Creditors le5S than l year Creditors greater than l year Iyet liabilities 767,018 767,018 258,545 258.545 (J,049,445) (1,049.445) {86.290) {86,290) (110,172) (110,172) 24. Analysis of chydnges in net debt At Al I Scp 2023 Cash tlows 31 Aug 2024 Cash al bank and in hand Bank overdrafts Debt due after one year 229,282 (13,447) (35,110) 180,725 (90,567) 7,719 19,977 (62.871) 138,715 (5,728) (15,133) 117,854 19
Bels Ruchel D'salrnar (London) Limlted Company Limlted by Guarantee Nots8 to the Financlal Statements (¢ènthwd) Year ended 31 August 2024 25. Related partles Donations totsjling £70,5(10 were received from related parties during the year. Other creditors includes an amount of £122,OCM) owed to Newlane a company with a director ill ¢ommon with Bels Ruchel D'satM (London) Limited. No other transactions with related parties wcre undertaken such as are required to be dis¢108ed under FRSIO2. 20