COMPANY REGIRATION NUMBER: 116660324 CHARITY REGISTRATION NUMBER: 112YJ88 Btls Ruehel D'satmar (IA•ndoll) Llmlted Company Llmlt¢d by Guarantee FIDaDcIAI Stvdtements 31 Augus12O25 COHEN ARNOLD Chartered accountants & statutory auditor New Burlington House 1075 Fillchley Road LONDON NWII OPU
Beli Ru¢hel D'Sa¢mr (London) Llmited Cornpany Llmlted by Guar•ntee Inancll StateJnent¥ YeAr ended 31 August 2025 Tntee5, atmual rcport {incotporatin8 the directovs rcport) Ind4)end¢nt auditor's rew)rt to the members Ststern¢nt of financiol activities (including income and expendittre accouttt) Statemeni of financial position Statemenl of ¢a5h flows io Notes to the financi statements 12
Beu Ruchel D'satmar (London) Limlted CompaDy Llmlted by Guarantee Trustees, Annull Report (Incorporating the Director'8 Report) Year ended 31 August 2Q25 The trustees. who ore also the directOTS for the PUTPO8¢8 of con¥&ny law. present their re[ and the finaftcial statements of the charity for the year eDded 31 August 2025. R¢fer¢Dce 4nd admlnlstratlve detlli Registéred chrlty nam¢ Bei8 Ruch¢l IYSatuMr (London) Limited Charlty reiiitr*tion nrnber 1125988 COmnY reKl$tritloD number 06660324 Prlnclpal offle¢ #Dd reglstered New Burlin8ton House oflke 1075 Fits¢hley Road London NWI I OPU The truitsei MT J Kernkraut Mr J Herlka Mr A Y Klcin Company se¢retsry Audltor A Y Kl¢in Cohen Arnold Chartered ac¢owii&llt5 & $tatutory audikjr New Burlington Hou8¢ 1075 Finchiey Road LONDON NWI I OPU Stru¢turfy governan¢e maDA¥emell¢ The charity is con8tituted as a company lirnit¢d by Buaranttt and 8$ such, its governing documcnts Ire 11 M¢nK)randum and Arti¢l¢s of Association. The tru$tces thinister the day-to4&y affairs of the cbarity 8UPPOrted by 8 fljll time admilli3trator, Beneral office stuff. teichers and ]stants. None of the trust¢u have any b¢ty¢ficial interest in th¢ chariry. All trustees give their time voluntArily And no beDefit or exp¢nses were paid lo them in the y¢Jr. li is not the intention of the tntstee5 of the ¢harTty to appoint any truste¢s. Should th¢ SiallOn change in th¢ future, the tN5tees will ppply suitable r¢cruitm¢nt training and itsdu¢tion pmcedures. Rlgk MaemeDI The tN5tees have identified and reviewed ihe major risks to which the charity is ¢xposed. Both manual and automaled cbecks are re8ularly invoked, particularly those rclating to the operations and finance of the charity. Th¢ tNstee5 aT¢ satisfied that these systems and pro¢¢dures redu any perceived riskry.
Bels Ruchel D'S*tmar (London) Limited Company Limlted by Guarantee Trust¢¢5' Annual Report (Incorporating the Direetor'y Report) Year eDd¢d 31 August 2025 Objectlvei 8Dd 4ctlvltles The object of the charity is the furtherance of edueAtion ill the Orthodox Jewish faith. In furtherance of this objecL the ¢hariry operates an ind¢pendent Orthtsiknx Jewish sGhool in North London providing educ&tion for 1,120 {2024.. 1,121) girls. Publlc beneflt The trustees of the charity ¢onfirni that Ihey have considered Thc Charkty Commission's general guidanc¢ on public benefit and th¢ requirements of S¢¢tion 4 of the Charities Act 2011 in this ar¢a, in paniculaT public benefit guidunce on advan¢ing educ&tiort, when reviewing the cbaTity'8 aitns and objectivcs. and in plhnniDg futur¢ o¢1ivits'¢s Aud settin8 ant mAkin¥ policy for the yeaT. A¢hlevem¢Dti and ptrfonnance The school whith was open¢d in 2008 now over 1,000 pupils. The s¢hool currently educates children from the age of 3 and spel$ eonsiderable timB on 'Kodesh" subj¢cts b8sed upon the Orthodox Jewish faitb in addition to the national ¢urri¢ulum. FlnanelAI revleTY The charity has very loyal supporters who have provided fiaan¢ig18UPPOrt lo the school to help ¢over deficits when ne¢es8ary. The ¢ontinued of the s¢hool is 8 Yi8n of its sucress but il with 4dditiunal c051s gnd the irnstee8 h8ve pui all their ¢ffurt5 in fjjnding the growth and as such have llot b¢en able to build up fret reserves. The ttuslees are now 4ctiY¢ly workiDg on a plan to r¢p¥y the creditor$ and build up r¢serv¢B. As at 31 August 2025 the charitys fimds were £56.544 in deficit. TruJtee$' re8poll8lbllltle8 stAtement The trn5tee$, who are alsu directors for the purpose8 of conwany law, are re8ponsible for prepaTillg thc trustee5' report and Ibe financial 8tat¢men15 in accordance with applicable law and United Kingdom Accowiting Standard& (Unit¢d Kingdom Generally Acceptcd Accountin8 Practice). Cou]p4ny law requires the chaTity Iruste¢s to prepare finan¢i21 st&terneDts for each yw which give a in2e and f4ir view of thc State of affairs of th¢ Charitsble comp•Dy and the Inco1n8 resourccs 8nd application of resour¢¢8. including the income and expendiiur¢, for that pcriod. In preparing these fittan¢ial statements, the tNstee5 ore requir¢d to: select suitable ac¢ouDlin8 policies attd tben apply them consistently. obse¢ the metbod8 ]d principleg in the opplicable Charities SORP: nllke judgments and accouniing estirnate5 thai are Teasonabl¢ gDd prulknt: prepare th¢ finan¢ipl 5tatement5 on ¢he going concern basis unless if is inappiopriate to presume that the charity will CODtinu¢ in business. The te¢S are responsibl¢ for keeping adequ4t¢ accounting records that are sufficient io show and explain the charity's transactions and disclose wilh r¢&%onable accuraey at any liine tbe fmancial position of the charity and enable tb¢m to et]sure that the financial slAtmients comply with the Cotnpanies Acl 2006. They are also responsible for sofeguardillg th¢ a53ets of tbc ¢harity and hen¢¢ for taking rcasollable steps for the prev¢rh¢ion and detection of frwud and other iTre8ularitie$.
Bels Ruchel D'Sa¢mar (Lomdon) Limlted Company Llmited by GuArantee Trustees. Annual Report (InrorporatiD% the Dlrcctor'l Report) Year ended 31 August 202S Audltor Each of the persons who is a trustee at the date of approval of this rep)rt CODfrn th4t'. so far 08 they are aware. Ihere is no relevAnt audit inforniatiOD of wllich the Charitys auditor 18 unaware. and they have taken all s¢epg th&t they ougbt to bavr takcn a8 a trus¢¢¢ io make themselves aware of wny r¢levAnt Audit infomialioth and to establisb tho charity'8 E4uditor 18 Aware of thal infonration. Sm*ll ¢ompAny prov105 This r¢port has been prepaTed iti 4¢MrdCc with tbe provisions appli¢4ble to companies entitled io the small ¢ompgnies exemplion. The trustee8' annual TL¥lQrt WAS Approved on .2.9..J.uno..2Q.2.6... and 8igned on behalf of the board of trust s by.. Mr A Y K]eln TThsi¢e
Bels Ruchel Dlsalrnar {LDndon) Limited Company Llmited by Guarantee Independent Auditor'5 Report to the Members of Bels Ruchel D'satmgr (Londoll) Llmited Year ended 31 August 2025 Opljblon W¢ hav¢ audited the finuncial Statements of Bels Ruchel D'satmar (IA)ndonl Limit¢d (the'¢harirf) for the year endcd 31 August 2025 which comprise the st&tement of finaD¢ial activities {in¢luding income And expenditurc 4C¢QUttt). statement of financi po8itiOfy Stalement of cash flows and the related note4 illLluding a summary of significant accounting policies. Thc financial reporting framework that has been applied in their prepira¢ion 18 applicable law and United Kingdom Accowjting Stalldard5, including FRS 102 The Financial R¢porting Standard applicabl¢ in the UK And Republic of Ireland (United Kiti8dom Generally Acwted Accounting Pra¢tice). In our opinion th¢ fmatsGial statements.. give A true and fftir view of the slate of the ¢hirity's affatrs a8 at 31 August 2025 and of its incoming resoutces #nd application of resources, including its income 4nd expenditure. for th¢ year then havc bc¢n property PrePed in accoTdance with United Kin8dom O¢nerally Acc¢pt¢d Aecouniing Pro¢t1., have been ww)arcd in accordance with th¢ requirements of tbe CoD¥Tr&ni¢s A¢1 20(. Bull for oplnlon We conduc¢¢d our audit in occord8n¢e with lThtsrnational Standards on Auditin8 (UK) (ISA8 (UK)) and applicable law. Our r¢sponsibilities under those standards are further described ID the •uditorf8 responsibilities for tb¢ audit ofihe finela1 stateuKnts srction of our T¢POrt. We are independoni of the charity in accordance with the ethi1 requiretnents that are relevant to our 4udit of the financial gtAtemenls in the UK. includinB tl)e FRC'S Eihical S¢and8rd, and we have fvlfilled our othcr ¢ihical re4Jonsibilitie$ in Accordance wilh thes¢ requirements. We believe thgt the audit evide[ we have obtained is sufficient and appropriate lo provide a basis for our opinion. CoDcluBk•M reladng to ylng ¢rfJneerD In alling the finoncial StateAt9, we have Concludcd that the trusteeg, uge of the gOiDg Goncern ba818 of Accounting in th¢ preparation of the financial statem¢nts is Appropriate. Based on the work we have perforn)ed. w¢ have Dot identified Jny zllateriwl un¢¢rtAinties relaliug to events or conditions that. individually or coll¢¢tivelyJ m3y cast si]rIcant doubl on th¢ charity's Bbility to continue a% a going concern for a period of at least nvelve months from when the financial ststeoKnts are authoTi&ed for issue. Our reswjnsibililies and the r¢sponsÉbilities of th¢ tNsle¢8 With r¢spect to going wncern ire described in the relevant sections of this report.
Bets Ruchel D'satmar (London) Limited Company Limited by Guarantee Independent Audltor'$ Report to th¢ Members of Bels Ruchel DISatmar IIAkndon) Limited (cuhrfJtr¥dJ Year ended 31 Au£t 2025 Other i•formitloD The other infomiation comprisey ¢he infommlion included in the anDual repor( otbeT thln the financial $tgtem¢nts &nd our auditor's report therwn. The trustees are responsible for thc oiher infomation. OUT opinion on the financial 51Atements does noi wver the other inforn]ation and. except to th¢ ¢xlent otbeThTrise ¢xpli¢itly stated in our report, we do not expr¢s$ any form of a&surance conclusion thcreon. In connectlOD Wlth our audit of the financial statements, our responsibility is ¢0 r¢ad the other infornation And, in doin8 SO. CODsidcr whtther ihe other infomtion is materially in¢on8i81¢nt with ibc financial statem¢nl$ or our knowledgc obtained in th¢ audit or otherwiye app¢8r$ to bB ma¢erially misstated. If we identify such malErial inconsisl¢nci¢s or app8nt material mi35t&tcment$. w¢ are rcquired to determine whether there 18 a material misstatement in the financial statements or a materi&l misstatement of the other infornmtion. If, based on the work we h8v¢ pcrfoTmed. we conclude that therc 1$ a material misstAlement of this Oth¢1 infOrntioN w¢ &re required to r¢port that fact. We have Dothing io rq)ort in this regard. Oplnlons on other matt¢rJ preicrlbed by the Compan1•8 A¢t 21106 our opinion. based on the work undertakeD in th¢ cours¢ of the &udit: the infomjation given in the ¢nL%t¢es' report for the financial yw for which ihe finarKial &tatemen18 are Prepar 15 consistent with the financial stat¢ments,' and the Iru8tees' report has been prepared ID accordance with 8pplieable legal requiTcm¢nts. M•tt¢ri Dn whleh Tye Are requlred io report by exeeptloll In the li8ht of the knowled8e and uThdcr8tonding of the ehorily and its environmenl obt8in¢d in the course of the audil, we have not identified matcriil mi8statem¢nts in the trustees, report. We have nothing ¢0 r¢port in r¢sp¢ct of th¢ following Dtt5 ID relation to whi¢h th¢ Compani¢8 Act 2006 requires us to report to you if. in ow opinion.. •d¢quate accounting r¢¢ords have not b¢¢n kept, or r¢¢ums adequale for #udit have noi been rec¢iv¢d from branches It visited by u5" or th¢ financial stslements are not in a8r¢¢m¢nt with ihe 4ccountin8 rc¢ord8 and returns. or certain dis¢losures of tnte¢s, remuneration sp¢¢ified by liw are not nde. or we have not received all thc infornution and explaDalions we requirc for our audit,. or the iTU5tces were not entitled to prepare the fmancial statcmenfs in accordance with the small companics r¢gime and take adY8ntsge of the sm411 eompanics, ¢x¢mptions in preparing the diTCCtors' Teport from the r¢(wirement to prepare a strategic reporL
Be45 Ruchel D'satmar (London) Limlted Company Lijnited by Guarantee Independent Auditor's Report to the Members of Beis Ruchtl D'SatDyar (London) Llmlted fcvrthdJ Year ended 31 August 2025 Responiibilitlei of trust¢e8 As explained tnore fvlly in the trustees, responsibilities statement, the trustees (who are also the director$ for the purposes of company IAW) are responsible for the preparation of the finaDci&I stalements and for being satisfied that they give a tru¢ and fair view, and for su¢b int¢rnal Control as the trustees determin¢ 1$ necessary to enabl¢ the preparation of financial ststctnents that are free from matcrial misstatejnettt, whether due to fraud or emir. In preparing the finan¢i815tal¢nKnts, the tTUStees are responsible for assessing th¢ ¢lwity'8 Ability to contin &s a going Concer d110$7n8. as appli¢ablc, matters rclated to going ¢on¢¢rn and using the 80in8 concern basis of accouDtin¥ unless the trust¢¢$ ¢ither intend to liquidate thc charity or to ¢¢AS¢ operations. or hv¢ no r¢alistic alt¢rn4tive but to do so. Audltor'i re8ponJlbliltles for the audlt Dfthe flnAD¢lAi ititemen¢$ Our objeclivcs are to obtain rea80nable assurnn¢e about whethei the fitsan¢ial sttem¢nl8 as a whol¢ are free from mY41eri81 misstatement, whetber due to fraud or eTror, and to i8su¢ an audi¢or'8 report that includes our opinion. Reasonable as8uran¢e 18 a high level of assurance. but 18 not a wTantee that an audii COt)dLted in acwrdance with ISA$ (UK) will always det¢Gi a material misstat¢meJt when it exists. Mis5tatemen15 can arise from fraud or error and are considered material if, iDdividually or in rhe aggrcgal¢, Ihey could rea50n4bly be expected ty influence the economic decision5 of users taken on the basis of these financial statements. Irregularities, including fraud. are insta¢$ of nOnoMPlinQe with laws and regulations. W¢ desi pro¢edur¢$ in linc with our responsibiliti¢8, ouilined above, to detect Material misstatements in r¢$p¢ct ol irregalarili¢s, includin8 fraud. The extent to whi¢h our procedures &r¢ ¢apable of detecting t[reilarities, iacluding fr#ud is detailed b¢low'. We obtained an under5t4rtding of lhe 1¢8al 4md re8ula¢ory framework5 1hat applicyblc to the ¢harity through di5GUS5ioll with the trustee5 and identified financial reporting legislation and ¢harity Icgislalion As being most Bignificanl to these fin8ncial statements. We conmiuni¢#t¢d these identified frameworks amongst our audit team remained alert lo any indicalions of non-¢omplian¢e throughout the iudil. We eD¥ur¢d thai the engagement team had sufficient comwence and Capability to identify or reco15¢ ttott-compliance with The laws and regulations. We discussed with the trustees the policies and procedures re8ardin8 compliance with these Icgal and r¢8ulatory frameworky. We A&se¥sed th¢ sUtpl]bi1ity of the charity'5 fwaDci41 si¢ments to mat¢rilll misstatement the to noD4omplian¢e wilh legal and su]8t0ry framewoik5. IDcluding how fraud might occur, by enquiry with the trustees during th¢ planning and fa]Isation phases 5tag¢5 of our audit. The su8ceptibility to such material misstatemen¢ was deierniincd to be low. Bas¢d on this underitandin8. we desied our audit procedures to identify llon-compliance with the identified legal and reglatOry frleWOrkS. which w¢r¢ part of OUT procedures on th¢ related fuwieial staten)ent items.
Bels Ru¢hel D'satmar {London) Llmlted Company Llmited by Guarantee Independent Auditor's Report to the Member8 of B¢i& Ruthel D'satmar (London) Llmited Cc47ArfMJ Year ended 31 August 2025 As part of an audi¢ itt accordanc¢ witb ISA5 IUK), we exercise prof¢8$ional judgment and maintain professional sceptlclsm througknut the audit. We &l$o: Identify and as8es$ the rifjks of material mi55tlen)¢nt of the financial statements. wh¢th¢r due to ftaud or error, desi and perforn) audit procedures r¢$pJnsive to those risks, and obtsin audit evidence that is suffi¢ienl and prOpri¢ to provide a basis for our opinion. The ri$k of not detecting a rt]at¢ti&l mi88tstem¢nl resultiftg from fraud is Fligher ¢hoD for one resultiug from erroT. 48 fraud may involv¢ ¢ollusioo, foryery. intentional omi8siong, misrepresentations, or the override of internal CODlrol. Obtain on understandin8 of intemal control relevant to the audit in order to design audil proceth that are appropriate in the circumslanc¢5, but not for thc PUTPOSC of expTe58iDg opinion on th¢ ¢ffectiven¢ss of the internal control. Evaluate the approwi41¢ll¢$s of accountin8 policie6 used and the reasomabl¢nesg of aoUnting estimates and ielllted disc105ures md¢ by the tru8tee5. CoDclude on the wropriat¢ne95 of the tnte¢s, use of the 80in8 concern b&sis of ac¢ountin8 and, based on the audii evidence obtained, whether a mrial un¢ertain¢y exists rel&ted to events or conditions that may cast Si]rIcant doubi on the charli8 abdity io conlinue a5 a going CODC¢rn. If we cvnLlud¢ that o materiAI uncertainry exists, we are required to draw attention in OUT auditor, reporl to the rclat¢d di$clo$ure8 in the fmancial statements or, if such disclosures ar¢ inadequate. to modify our opinion. Our ¢onclugions are based on th¢ &udii evidence obtaill¢d up tu the dwie of our audilor's report. However. fvtur¢ events or conditioD5 may ¢ouse the cbarily io eease to Colllinue as going ¢on¢¢rn. Evalu8le the overall preselllation, struclurc artd content of ihe financi41 statements. including tbe diy¢losuTes. and whether the financial statements rcpresent the underlyin8 trangactions and ¢vents in t tsJw)ner that achieves fair presentation.
Bels Ruchel D'S*tmAr (London) Llmited Comp4Dy Limited by Guarantee Independent Audltor'$ Report to the Members of Beli Ruthel D'S#tmar (London) Ye4r ended 31 August 2025 W¢ Mmuni¢&t¢ witb tbose charged with gov¢rnanee regarding. among other matters, th¢ planned scope and timing of the audii and significant audit findin. includin8 any significant deficiencies in intern&1 control that we iikniify during our audit. Uie of our report This report is made 801¢ly lo the charity8 mem1, 18 a I. accordance with ChapteT 3 of Part 16 of the Companies Act 2006. Our audit work been und¢rtak¢n $0 thot we Ini1 8lAte to th¢ charitys rntmbers those matters w¢ ar¢ required to 51741c to them in an audiior's report and for no other purpose. To the fullcst ¢xrent pern)itted by law, we do not ac¢¢pl or assume responsibility to anyone other thsn tbe charity and the charity's members as a body, for OUT 4udit work, foT thi8 report, or th¢ opinions w¢ have fornied. David Gold (Senior Statutory Auditor) halt of old arEer¢d a¢counlattts & stalutory auditor ewBurlington Hou8¢ 1075 Finchley Road LONDON NWII OPU Fora 29 June 2026
Bels Rucbel D'SAtmar (London) Limlted Company Limited by Guarantee Statement of Fillancfixl Acdvltles (Includlng income 4nd expendlture 4eeount) Ye#r ended 31 August 2025 2025 Unrestricted funds Totsl fund# Totsl fimd& 2024 Income and endowm¢nts D(mations and Icga¢ies (tharitable a¢tivitie8 681.961 3.036.899 3,718.860 681,961 3,036,899 3,718,860 722,851 2,284,611 3.007,462 Total Income p¢ndlture Exp¢nditure on rai&in¥ funds.. Costs of raising donatigns And le8aci¢8 Expenditure on Charitable 8clivities Tot1 ¢XP¢Ddltur• (9.740) (9,740) (4,472) 8.9 {3.583585) (3583,585) (3,075,197) (3,593,325) (3,593,325) (3,079.669) Net Incomel(tJp•ndlture) And Met movement th fuThth 125J35 125,535 (72,207) R0111110Th of funds Total fithds brou8ht forvArd Total earrled fDrwArd (182,379) (182.379) (110,172) (56,844) {36,844) (182,379) The statement of fiDancial aGtivili¢s include8 0118ains and 105s¢s r¢cognised ID the ye4r. All iffteome and expenditur¢ d¢riv¢ from continuinB Activities. The iotes QD P•Zti 12 10 ZO forrn part ollbmo stAtemuts.
Bels Ruchel D'satmar ILolldon) Llmlted Company Limited by GUall1ee Statement of FiDan¢i#l Po$ldon 31 August 2025 2025 2024 Fixed #sleti TIttbIe fix¢d assets Currellt UAet8 Debtors Cash at botjk alld in band 16 772,171 781,211 17 14,111 357,613 138.715 138,715 371,724 Cr•dltor•: •mounts falllllg due wlthln on year Net eurrent ljobUld¢i 19 1.135,981 1,052,542 764,257 913,827 7.914 (132.616) 64,758 49.763 (56,844) {182.379) Tfjt 41s¢ts l¢Js eurrent Ilablllti Credltorj: falling due •fter more than ofte year Net Mablllllej 20 Fundj of the ¢brlty Ullr¢stri¢ted funds (56,844) (182.379) {56,844) (182J79) Totsl ¢hrlty fundi 22 These fJnanci&l statements have been prepared in accordanct with the provisions applicabl¢ to companies subj¢u to th¢ 8mall compati1. r¢gime. These fmanciwl 8t&tements were approved by the board of tn]stees and authori8¢d for i3we on 29. Jv.Tro..2Q F, and are sig led on behalf of the board by.. Mr A Y Kleln Tnt¢¢ Tbt notr¥ 01 pys A2 to 10 form p•rt of tb¢se Iln•ndil 5tateThnll. io
Bels Ruchel D'satmar (Lolldon) Limited Company Limit¢d by GuArantee Ststem¢nt of Cash Flows Y¢r ended 31 August 2025 2025 2024 Not• Cuh flowi from operating activities Net illcomel(¢xpcnditure) Adjusimentsfor.. Depreciatioii of tan1)Le fjx¢d 858ets IThteiest payable aiid similar charges Accrued (incomcyexpen8¢S Chlknges in.. Tr8d¢ 8nd other debtor8 Tr•d¢ attd other creditors 125.535 (72,207} 80,080 11,528 (11.040) 75,382 3.739 11,400 (14.] I l) 17,584 3(19,576 {11,528) 298,048 29,203 (17,134) 30.H3 (3,739) 26,704 Cash genornted from operntions Int¢r¢st paid Net cash from op¢rytin8 aLtivitieB Cub flow• from VenI aftlvlthi Puroha$e of tangible assets Net cjsh used in inve8tin8 acliTriti¢J (71.040) (71,040) (89.575) (89,575) CMh flowi frtsnj flng4Dcln¥ Aetlvldei Procrds fmm borrowin83 Nel cash us¢d in financing activitie5 (9,227) (9,227) (19.977) {19.977) Net In<re8J¢l{d¢ere) ID cAih and ¢aih equlv¥Jlents Cash And ca¥h equlvaknti It beglnDillg of yeAr CAih Jd caib equfviknts ¢ end •f year 217,781 132,987 350.768 (82,848) 215,835 132,987 18 The pA¥es 11 to 21 form pirl •f the IIDBtl&l ¥tatemEDt
Beij Ruchel D'satmar (London) Limlted Crjmpany Llml¢ed by Guarantee Notes to the Financial Statem¢nls Yer ended 31 August 2025 General Informatio The Charity i¥ a public bcn¢fit entity and a private company limited by guarantee, retiSter¢d i England alld Wales and a r¢gistered charity in England and W41¢5. The address of the register office is New Burlington House, 1075 Finchley Road, Londoo NWI I OPU. Statement of compll•nee ThE¥e finaaLiBI stat¢Tnents h&ve been prepared ID ¢ompliance with FRS 102, The Finaaciol Repurtin8 Standard &pplicable in tlie UK and the Republic of ITclattd', the Statcmellt of Rccomm¢nded Practice applieable to charities preparing their aecounts in oceordaiice with the FinanLial R¢portimg Standard appli¢able in the UK amd Rcpublic of Ireland IFRS 102) (Chariti¢s SORP (FRS 102)) th¢ Compani¢$ Act 2006. A¢¢oun¢lng poll¢les B451s of prepr4ilon The financial 5taternenls hovc been pr¢pared on the hisrorical basis, as modified by the revaluation of certain firvdn¢ial assds and liabilit1¢$ And investment prop¢rti¢s measured al fair value ¢hrou8h Income or expendilure. The financial $tatcments 8re prepored in sterlin% which is thc functional currency ot the eDtity, Going concern Th¢ UCLounls have been Prepared on a going concern basis on the assuDWtion of conlinu¢d support fwrn creditors. Judgements ind key wurcej of ¢$tlmtlon un¢ert#lnty In ihc applicotion of the charity'6 accounting policies. the Ttustees are required 10 makc judgcm¢n¢s, ¢stiftiates Rnd as$uniplion5 about the Carying a7nouts ol. assets and liabiliiiey that DQt readily ppar¢nl Irom other sources. The cstimates and associated assumptions aT¢ based on hislorieal cxpcriencc and other lactors thal ar¢ consid¢rcd to be relevant. Aciual resul¢s may differ from Ihese estimate$. Tbe estint¢S and underlying assumptions are reviewed on an ongoing bas15. Revisions lo QLmtillg ¢tImleS 8re r¢¢o8nised in the period in which the estimate is revised if the r¢vision affect¥ only that period or in the period of th¢ revision and fvre period5 if the revisioTh ufte¢ls both Guct and fuDJrc periods. The Trustees do not cunsideT there any critical jud¥emenls OT sources of e5timalion uncertainty requiriDg disclosure beyond the accountin8 policies listed below. 12
Bels Ruehel D'satmar (London) LiJDited Company Llmlted by GuaraDtee Notes to the Finanelal Statements Year ended 31 Augu$t 2025 A¢¢ounthi% poll¢leB Fund Aeeounthig Unrestricted funds are available for use at the di8CTetion of the tte¢S to further any of the chdritys purpo8. Designated funds are uDre8trici¢d funds carnrked by the Itu8t¢e$ for particular future project or commitment. Restricted funds are subjected to Testriclions on th¢ST eAp¢nditure declared by the donor or throush the tern of an appeal, and fall In ott¢ of two Sub-cl¢8.. r¢rtricted income fimds or ejthwment Incomlng rewureei All incoming resourc¢s are included in the 8tatem¢nl of financial Y4ctivilie$ when entitlement ha pA$s¢d to the charity,. it 1$ probAblc that ihe economic lYn¢fits assoLiated wilh th¢ transa¢tion will flow lo the chlty and the amouot can be r¢li4bly measurcd The followin8 8p¢¢ifi¢ policies are applied to parti¢ular c&te8OTie5 of income: inc(me from donation$ or 8rants 16 r¢co8nised wb¢n th¢r¢ 18 evidence of ¢n¢itlement to the 81 receipt is probable and its 8llKunt ¢an be measured Teliably. le8w iDcom¢ is reco8nised when receipt is probable and entitlement is e8tsblished. ineome from donated goods 1$ Meured ai the fair value of th¢ 800&s unless this is irapraclical to me&suT¢ TeliY4bly. in wht¢h case the value is derived from the cost to the donrjr or the timated resale value. Donated facilitie8 and services are T¢¢ognised in the accounts wheD received if the value can be reliably mea6ured. No amounts are included for the ¢otttribution of Beneral volunte¢r8. income from ¢onlracts for the supply of services IB reco8nised with the delivery 0£ tbe contracted $¢rvice. This 15 classified unt¢$tticted funds unlegs tbere is a cOnt[a¢al requirement for it to be spe4Jt tsn A pArticular putpoJ¢ and returned iluDspent, ID whi¢h r08¢ it may b¢ r¢88rded a$ r¢stri¢ied. 13
Bels Rucbel D'satmar (LondoD) Limited Compgny Llmlted by Guarantee Notes to the Flnanclal Statement5 feoNIiN¥rt) Year ended 31 Au£ust 2025 Accounting poll¢ies ReBour¢es ¢xp¢nded Expenditur¢ is recOlsed on all J¢crnals basis a5 a IiAbility is incLllTcd. Expenditur¢ ineludes yny VA T wliich cannot be fully Tecov¢r¢d, &nd is cla5sificd under headings of th¢ $totenKni of find71 activiiies to which il 11¢9.. expenditure on raising includes tbe co515 Df all fundT4i$ing activitiey, events, [- cho1.itabl¢ trading aclivitles, and the sale of donaled goods. exnditUre on charitable activities includes all costs incU¢d by a charity in undertaking activitiES that fiher ils charitable aims for the benefit of ils beneficiaries. including thos¢ support ¢o$ts and costs rclating 10 the ¥overnan¢e of the charity apportioned to ¢haritable activitie5. oihcr ¢xpenditure inclutks all expenditure th4t is neither ielaied io r8i&in8 fvnd5 for the chariry nor part of 115 ¢Npenditure Qll charitable activili¢s. All eogts are 8llocai¢d to expenditure cate8orios reflecting lh¢ of the r¢source. DiTc¢I ¢o$ts altTibul8ble to a single &¢tivity are allocated directly to that 4¢tivity. Shared ¢osts are app)rtioD¢d belween the activilies they ¢oiitribute to on a re4sollabl¢. juslifiAble and ¢onsisteni $1$. T#81b]e Asseti Tangible asset5 aTe initially recorded at cost, and subscquently stated E4t cost less any accumulalcd d¢preei&iion and impairnienL losses. Any tan8ible assets carried &t revaliied amounts are recorded ai the fair value al th¢ date uf revalualivn le8$ any subsequent aecumulaied depreciation and subsequent g¢¢umulated imp4irm¢nt losses. DepreclArton Dcprc¢iation is calculated SU IS to write off th¢ eost or valuotion of an asset, leys its residual value, over th¢ useful economic life of that asyet a5 follows.. cer tbe leaye PLTiod 15 /q Tcducing balance 150/• reducing balance 150A redu¢iti8 balance Long leasehold property Fixtures and fittill8S Motor vehicles Garden & playground equiprnenl Impf41rment of ed a$$ets A Teview for indicatOTS of impaiment is carried out at each reporting date, iyith the r¢coverable mount being estimated where such iiidi¢2tors exi$i. Where Ihc carrying value ¢XedS th¢ recoverable amount. the 3S5et is impaired accordingly. Prior impoirnnts also reviewed for PQ55ible reversal 81 each reporting date. 14
Bels Ruchel D'salmar (London) Limlled Company Limited by GuArAntee Notes to the FinDclg1 Statements IcohtlN¥J YeAr ended 31 August 2025 A¢¢ountlllg pollciei fC•mtrvJj Impairm¢Dt of fix aiEets For the pwpo&es of impoirnient tesliug, when il i8 not possible io ¢stima the rccoY¢rabl¢ amount of an indivithial asset, an estimate is made of the re¢ov¢rable amount of th¢ c&4lFgcn¢r¥iirtg unit to whieh the asset belon¥s. The cash-generating unfftt is the smallest identifbI¢ group of a55¢ts that includes the as$¢t aiid generdles cash infiows thai largely independ¢AI of th¢ cash inflowJ from other assets or 8roup8 of asgets. For irnpaitrnent testin8 of Boodwill, the 8oodwill acquired in a blIneSs ¢ombinatlOlJ 18, from the acquisilion date, allocatcd lo each of tbe casb-generating uniLs thht are expKted io b¢u¢fit from the synergies of th¢ combination, irr¢8pective of wh¢th¢r other 488rf8 or li&bilitie8 of the charlry are a981]ed (o Ilko8¢ uniis. FIn¢la1 Instruments A finoncial asset or 8 financial liability is rcco8nised ODly when the entity becomes a paty to the contractu41 provisions of the instnjment. Basic financial instruments are ioilially reco8nis¢d at the amount receivable or pAykble including y relaled transaltson costs, unless the arrangeinent ¢onstitste8 a fin#n¢in8 tr8nsaction, where it is reco)ised at the pre5eni value of the futtwe parntS di$cuuDted ai 4 market rate of interest for similar debt instNmenÈ. cUent 4S8¢ts and current liabiliti¢$ are subsequently measured al the cash OT oth¢r collgideralion expected to be paid or received and not di$¢oun¢ed. D¢bt itigtsNments are $ubs¢quentty measured at amorti&ed ¢08t. Llmlted by %u#rAntee The charity is a company limited by 8uarontee aDd ha8 no share ¢&pitsl. DDIIAtknni *Dd legaekn Untestricted TO1 Funds Ujjrestrirted Tolal Fund$ FuDds 2025 Funds 2024 DongtloDS Donation 681.961 681,961 722,851 722.851 Charl¢abk •¢tlvlthi Unrestricted Totsl Flllldi Unrestricted Totsl Funds 20Z5 Funds 2024 Cbildcare fees 3,036,899 3.036,899 2284.611 2,284,611 AS
Bels Ruchel DIS•tmar {nd0Th) Limited Company Llmited by Guarant¢t Notes ts the Financial StatemeDt$ Year ended 31 Augnst 202S Colts of ri151ng donations Itgade8 Urjrestricted Tot#1 Futsds Unrestri¢t¢d ToÈal Fun(ts Funds 2025 Funds 2024 Costs of raising donations 8nd le8a¢ies . DonatioDS 9,740 9,740 4,472 4.472 Expendlture ¢barltAble A¢dwItl by fund type Unrestricted Totsl Fundi Unr¢stri¢t¢d Totsl Fund5 Fundg 2025 FwLd8 2024 Bels Ruchel D'S&tmar S¢hool Support costs 3,570.779 12.806 3.583,585 3,570.779 3,058,612 12,806 16.585 3.583,585 3.075,197 3,058,612 16,585 3.075.197 Expendllyr• 00 eharltible &¢t1vIe$ by actlvlty type Activities undert&kenGran¢ funding directly of acliYiti¢$ Suppofl $ts Total fundi 2025 Totsl fund 2024 Bels Ru¢hel D'S*ttn School Governance costs 3,562,899 7.880 3,570,779 12.806 12.806 12,806 3.583,585 3.OS8,612 16.585 3,075.197 3,562,899 7,880 10. AM]yits of zrants 21115 2024 Crgnts to Inidturfou• Grants to instion8 7,880 7,880 28,285 28,285 Tal antS 11. Net Incomel(expendlt¥r•) Net incoll)el(expenditure) is std after ¢h2r8in(Cred1t1ng). 2015 2024 Depreciation of tangible fix¢d assets 80,080 75.382 16
Bei8 Ru¢heJ D'satmar (London) Limited Company Limit by Guarantee Notes to tkne FinllntiAI StAtementS Year ¢nded 31 August 2025 12. Audltor8 f¢muDeroJdon 2025 2024 Fee8 payable for the audit of the financial 8tatem¢nt$ 11,400 11.4tKI 13. ¢08ts The totsl staff c08ts and employee benefits for the reportin8 period are analysed 1$ follows.. 2025 2024 Wages 4Dd 8alaTies S¢xiAI 8o¢urity costs Enwloyer ¢ontributions io pension plans 2.440.137 2.154,412 76,987 ,333 2.518,457 659 2,155.071 The aY¢rag¢ FK8d count of employees durin8 the year 362 {2024: 335). No employee received ¢mployee benefit8 of more than £60.0 during the year (2024.. Nil). Key Mngem¢n( Penonnel Th¢ only key mRna8ement p¢rsonn¢l in the ¢hArity are tbe Tru8t¢es. 14. Tru8¢et remuller4tlon and txpeDie$ Th¢re no remunerLtion paid to tTUSt¢es. The clwity did Dot meet any individual ¢xp¢ws incurred by the In1¢¢8 for services provid¢d to the charity. IS. TrAnrferi brtw¢¢Th funth Tronsfers belwccn fiJnd8 relates to r¢striGted income spent on Capital ¢xpendlts. It is th¢ policy of thc charity to move these to unrestricted fvnds once it h45 be¢n $p¢nt unle88 th¢re are r¢8tri¢tinB Conditsons even after the in¢ome h8$ been spertl. 17
Beli Ruchd D'S2tmar (London) Limlted Company Llmlted by Guarantee Notes to the FlnanciAI Statements (¢Mth¢4J Year ended 31 August 2025 16. Tan%ible fix #isets LonB leasehold Fixtures and property fittings Motor Ptay8rouod vehiclcs ¢4uipment Tot1 Coit Ai I Scptenkn 21r24 Additions 891.555 351.047 110.290 71,(140 181.330 60,640 1,413.532 71.040 60,640 1,484.572 At 31 August 2025 Depre¢lAtlon At I September 2024 Charge for tb¢ year At 31 All¥1 2025 C4rryln% Amount At 31 August 2025 At 31 August 2024 891,555 351.047 335,458 35.656 371.114 200,083 22.645 222.728 46.710 20,193 66,903 50.070 ,586 51.656 632.321 80.080 712.401 520,441 556.097 128,319 150,964 114,427 63,580 8,984 10,570 772,171 781,211 17. Deb¢• 2025 2024 Prepayments and a¢¢rued income 14,111 18. Cgsh and ¢aJh equfvalents Cash ind ¢ayh ¢quivalenls ¢ompri$c the following.. 2025 2024 C&8h at bank and in hand Bank ovcrdrafts 357,613 (6,845) 3SO,768 138,715 {5,728) 132,987 19. Creditorj: *mounts falling due wltbl# one year 21)2S 2024 Bank loans and overdTafts Tr&d¢ ¢aitOrS Accruals and dcferred income Social security other tsxes Other creditors- wa805 control Other creditors 6,845 224,688 11,760 120,173 475,314 297201 1,135,981 5.728 195,721 22,8(Ml 66.168 476.654 285.471 1.052,542
Bels Ru¢hel D'salmar (London) Limlted Cothpgny Llmlted by Guarantee Notes to the FlnAnelal Statements C114) Year ended 31 August 2025 20. Credllors: amounts fllln8 dut after more ¢hn one year 2025 2024 Bank108ns and overdrnfts Other creditors 5,906 58,852 64,758 15,133 34,630 49,763 21. Penslotsi Ind other port redr¢meDt b¢ntlhs D¢flDed contrlbidon plani The amount recogniscd in in¢orrK or exp¢ndtture as an expense in T¢latiOD to defind contribution plan8 W8$ £1,333 (2024- £659), 22. An4lyth of charftbk fvndj Unrerlcttd fund• At I September 2024 At JI Auguot 2025 Income Expenditur¢ General funds (182,379) 3,718.860 (3,593.325) (56,844) At I SepteD)beT 2023 At 31 Au8U8t 2024 InconK Expenditrjre G¢n¢ral funds (110,172} 3.007,462 (3.079,669) (182,379) 19
Bels Ruchel D'Satm•r ILondon) Llmited Cornp#ny Llmlted by Gu¥4rantee Notes to the Flllandal Statements Yexr ended 31 Augllst 2025 23. Any$ll of net between fundi UDreytri¢ted Total Fuwds Funds 2025 Tangible fed 08iets cu¢Tht as8eti Creditors less than J y¢ar CreditOTS greater than l year Net llabl]Idei 772.171 772,171 371.724 371,724 {1.135.981) (1.135.981) 164.758) (64.758) {5I844) (56,844) Unrestricted Total Fund F$ 2024 T&n8ible fixed 8u¢ts Current assets Creth'ior8 les$ than l year Creditor$ ter than l yellr Net Il*bllltlei 781211 781,211 138,715 138,715 (1,052,542) (1,052.542) (49,763) (49.763) (182,379) {182,379) 24. ADAlyili of ehangei li net debt At At I Sep 2024 C88b flow$ 31 Aug 2025 CRsb 41 b8nk and in hond overdrafts D¢bt du¢ after one ye4r 138,715 (5.728) (15.133) 117,854 218.898 (1.117) 9.227 227,008 357,613 (6,845) (5,906) 344,862 2S. Re]Ated rtIeS Donations totslliD8 £13.000 were received from related parties durin8 the ye)r. Other creditors indudes an amounl oe£122,OCN) owed to Newlane Ltd, a compally with a director in ommon with Bels Ruchel D'SatmK (London) Limited. No Dther transaciion8 With rel8t¢d parties were uDderraken 5u¢b 08 are requited to be disclosed under FRSIO2. 20