REGISTERED COMPANY NUMBER: 07035874 (England and Wales) REGISTERED CHARITY NUMBER: 1135287
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024
FOR
BNEI ZION COMMUNITY NURSERY LIMITED
Venitt and Greaves Chartered Accountants 115 Craven Park Road South Tottenham London N15 6BL
BNEI ZION COMMUNITY NURSERY LIMITED
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Statement of Financial Position | 5 | ||
| Statement of Cash Flows | 6 | ||
| Notes to the Statement of Cash Flows | 7 | ||
| Notes to the Financial Statements | 8 | to | 13 |
BNEI ZION COMMUNITY NURSERY LIMITED
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 OCTOBER 2024
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 October 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES Objectives and aims
The objects of the charity are:
a) the advancement of the Orthodox Jewish religion,
b) the advancement of Orthodox Jewish religious education and education generally,
c) the relief of poverty, sickness and distress, and
d) the promotion of good health and provision of recreational facilities in the interest of social welfare with the object of improving life conditions.
The trustees have considered the Charity Commission's general guidance on public benefit and in particular the guidance on advancing education and fee charging. In this respect the trustees have set up a school for children (between the ages of 3 and 5) many of whom are underprivileged with every year extending our facilities by adding a new class. Fees are charged but those in financial hardship are given an allowance or are fully funded, according to circumstances. No child is refused education because of an inability to pay.
Significant activities
The Trustees of the school are pleased to report that despite the significant growth, each child has received personal attention in order to realise their potential. Our devoted staff members have come through as a team to bring out the best in every child. The additions to the building went very smoothly due to the competence of our committed management committee members.
Our out of school hours activities have been very successful, meeting our aims in developing the beneficiaries personal, social and emotional well being, improving the children's chances in life. We thank our donors who made this possible.
We are very grateful to our very many dedicated volunteers who work tirelessly for the success of our organisation.
Public benefit
The trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the aim and objectives and in planning the charity's future activities. The aims of the charitable company for the public benefit are detailed in the Objectives and Activities section of the report.
ACHIEVEMENTS AND PERFORMANCE
Charitable activities
During the year under review the charity received income that amounted to £962,461 (2023: £857,111) and had nursery running costs that amounted to £1,260,295 (2023: £836,395).
FINANCIAL REVIEW
Reserves policy
The reserves policy is to ensure that there is a sufficient stream of income to meet the working capital of the school.
FUTURE PLANS
There are no current plans to change the activities or modus operandi in the foreseeable future.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, its memorandum and articles of association, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
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BNEI ZION COMMUNITY NURSERY LIMITED
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 OCTOBER 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT
Recruitment and appointment of new trustees
It is not currently the intention of the trustees of the charity to appoint new trustees. Should this situation change in the future, the trustees will apply suitable recruitment and training procedures.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
07035874 (England and Wales)
Registered Charity number
1135287
Registered office
49 Basement, Ravensdale Road London N16 6TJ
Trustees
B D Rudzinski N Rudzinski B Bronner
Company Secretary
B D Rudzinski
Independent Examiner
Malcolm Venitt, A.C.A Venitt and Greaves Chartered Accountants 115 Craven Park Road South Tottenham London N15 6BL
Approved by order of the board of trustees on 26 February 2026 and signed on its behalf by:
B D Rudzinski - Trustee
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BNEI ZION COMMUNITY NURSERY LIMITED
Independent examiner's report to the trustees of Bnei Zion Community Nursery Limited ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 October 2024.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Malcolm Venitt, A.C.A
Venitt and Greaves Chartered Accountants 115 Craven Park Road South Tottenham London N15 6BL
26 February 2026
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BNEI ZION COMMUNITY NURSERY LIMITED
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 OCTOBER 2024
| Notes INCOME AND ENDOWMENTS FROM Donations and legacies 2 Investment income 3 Total EXPENDITURE ON Charitable activities 4 Nursery running cost Administrative expenses Charitable donations Total NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
31.10.24 Unrestricted fund £ 962,461 1,910 964,371 1,260,295 2,640 43,144 1,306,079 (341,708) (14,739) (356,447) |
31.10.23 Total funds £ 857,111 2 857,113 836,395 2,400 41,106 879,901 (22,788) 8,049 (14,739) |
|---|---|---|
The notes form part of these financial statements
Page 4
BNEI ZION COMMUNITY NURSERY LIMITED
STATEMENT OF FINANCIAL POSITION 31 OCTOBER 2024
| 31.10.24 Unrestricted fund Notes £ FIXED ASSETS Tangible assets 11 60,223 CURRENT ASSETS Debtors 12 31,904 Cash at bank 16,717 48,621 CREDITORS Amounts falling due within one year 13 (465,291) NET CURRENT ASSETS/(LIABILITIES) (416,670) TOTAL ASSETS LESS CURRENT LIABILITIES (356,447) NET ASSETS/(LIABILITIES) (356,447) FUNDS 15 Unrestricted funds (356,447) TOTAL FUNDS (356,447) |
31.10.23 Total funds £ 74,818 5,000 819 5,819 (95,376) (89,557) (14,739) (14,739) (14,739) (14,739) |
|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 26 February 2026 and were signed on its behalf by:
B D Rudzinski - Trustee
The notes form part of these financial statements
Page 5
BNEI ZION COMMUNITY NURSERY LIMITED
STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 OCTOBER 2024
| Notes Cash flows from operating activities Cash generated from operations 1 Net cash provided by/(used in) operating activities Cash flows from investing activities Purchase of tangible fixed assets Interest received Net cash provided by/(used in) investing activities Cash flows from financing activities New loans in year Net cash provided by financing activities Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period 2 Cash and cash equivalents at the end of the reporting period 2 |
31.10.24 £ 35,632 35,632 - 1,910 1,910 - - 37,542 (20,825) 16,717 |
31.10.23 £ (9,965) (9,965) (23,587) 2 (23,585) 1 1 (33,549) 12,724 (20,825) |
|---|---|---|
The notes form part of these financial statements
Page 6
BNEI ZION COMMUNITY NURSERY LIMITED
NOTES TO THE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 OCTOBER 2024
1. RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES
| Net expenditure for the reporting period (as per the Statement of Financial Activities) Adjustments for: Depreciation charges Interest received Increase in debtors Increase in creditors Net cash provided by/(used in) operations 2. ANALYSIS OF CASH AND CASH EQUIVALENTS Notice deposits (less than 3 months) Overdrafts included in bank loans and overdrafts falling due within one year Total cash and cash equivalents |
31.10.24 £ (341,708) 14,595 (1,910) (26,904) 391,559 35,632 31.10.24 £ 16,717 - 16,717 |
31.10.23 £ (22,788) 15,426 (2) (5,000) 2,399 |
31.10.23 £ (22,788) 15,426 (2) (5,000) 2,399 |
|---|---|---|---|
| (9,965) | |||
| 31.10.23 £ 819 (21,644) (20,825) |
|||
| (20,825) |
3. ANALYSIS OF CHANGES IN NET (DEBT)/FUNDS
| At Net cash Cash at bank Bank overdraft Total |
1.11.23 Cash flow At 31.10.24 £ £ £ 819 15,898 16,717 (21,644) 21,644 - (20,825) 37,542 16,717 (20,825) 37,542 16,717 |
1.11.23 Cash flow At 31.10.24 £ £ £ 819 15,898 16,717 (21,644) 21,644 - (20,825) 37,542 16,717 (20,825) 37,542 16,717 |
|---|---|---|
| 16,717 | ||
| 16,717 |
The notes form part of these financial statements
Page 7
BNEI ZION COMMUNITY NURSERY LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 5% on reducing balance Fixtures and fittings - 15% on reducing balance Motor vehicles - 33% on reducing balance
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
2. DONATIONS AND LEGACIES
| Donations Grants Fees received Grants received, included in the above, are as follows: Other grants |
31.10.24 £ 220,136 442,154 300,171 962,461 31.10.24 £ 442,154 |
31.10.23 £ 406,839 20,000 430,272 |
|---|---|---|
| 857,111 | ||
| 31.10.23 £ 20,000 |
continued...
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BNEI ZION COMMUNITY NURSERY LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 OCTOBER 2024
| 3. INVESTMENT INCOME Deposit account interest Interest receivable - trading 4. CHARITABLE ACTIVITIES COSTS Direct Costs £ Nursery running cost 1,260,081 Administrative expenses - Charitable donations 37,984 1,298,065 5. GRANTS PAYABLE Charitable donations 6. SUPPORT COSTS Nursery running cost Administrative expenses 7. NET INCOME/(EXPENDITURE) Net income/(expenditure) is stated after charging/(crediting): Depreciation - owned assets |
Grant funding of activities (see note 5) £ - - 5,160 5,160 Finance £ 214 - 214 |
31.10.24 £ 6 1,904 1,910 Support costs (see note 6) £ 214 2,640 - 2,854 31.10.24 £ 5,160 Governance costs £ - 2,640 2,640 31.10.24 £ 14,595 |
31.10.23 £ 2 - 2 Totals £ 1,260,295 2,640 43,144 |
|---|---|---|---|
| 1,306,079 | |||
| 31.10.23 £ 41,106 Totals £ 214 2,640 2,854 31.10.23 £ 15,427 |
continued...
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BNEI ZION COMMUNITY NURSERY LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 OCTOBER 2024
8. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 October 2024 nor for the year ended 31 October 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 October 2024 nor for the year ended 31 October 2023.
9. STAFF COSTS
| Wages and salaries The average monthly number of employees during the year was as follows: Staff No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES INCOME AND ENDOWMENTS FROM Donations and legacies Investment income Total EXPENDITURE ON Charitable activities Nursery running cost Administrative expenses Charitable donations Total NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
31.10.24 31.10.23 £ £ 471,619 598,955 471,619 598,955 31.10.24 31.10.23 57 60 Unrestricted fund £ 857,111 2 857,113 836,395 2,400 41,106 879,901 (22,788) 8,049 (14,739) |
|---|---|
10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
continued...
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BNEI ZION COMMUNITY NURSERY LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 OCTOBER 2024
11. TANGIBLE FIXED ASSETS
| Improvements Fixtures to and property fittings £ £ COST At 1 November 2023 and 31 October 2024 95,532 168,394 DEPRECIATION At 1 November 2023 93,662 103,205 Charge for year 95 9,800 At 31 October 2024 93,757 113,005 NET BOOK VALUE At 31 October 2024 1,775 55,389 At 31 October 2023 1,870 65,189 12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other debtors 13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Bank loans and overdrafts (see note 14) Other creditors Accrued expenses 14. LOANS An analysis of the maturity of loans is given below: Amounts falling due within one year on demand: Bank overdrafts |
Motor vehicles £ 25,800 18,041 4,700 22,741 3,059 7,759 31.10.24 £ 31,904 31.10.24 £ - 460,251 5,040 465,291 31.10.24 £ - |
Totals £ 289,726 |
|---|---|---|
| 214,908 14,595 |
||
| 229,503 | ||
| 60,223 | ||
| 74,818 | ||
| 31.10.23 £ 5,000 31.10.23 £ 21,644 71,332 2,400 |
||
| 95,376 | ||
| 31.10.23 £ 21,644 |
continued...
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BNEI ZION COMMUNITY NURSERY LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 OCTOBER 2024
15. MOVEMENT IN FUNDS
| At 1.11.23 £ Unrestricted funds General fund (14,739) TOTAL FUNDS (14,739) Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 964,371 TOTAL FUNDS 964,371 Comparatives for movement in funds At 1.11.22 £ Unrestricted funds General fund 8,049 TOTAL FUNDS 8,049 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 857,113 TOTAL FUNDS 857,113 |
Net movement in funds £ (341,708) (341,708) Resources expended £ (1,306,079 ) (1,306,079 ) Net movement in funds £ (22,788) (22,788) Resources expended £ (879,901) (879,901) |
At 31.10.24 £ (356,447) (356,447) Movement in funds £ (341,708) (341,708) At 31.10.23 £ (14,739) (14,739) Movement in funds £ (22,788) (22,788) |
|---|---|---|
continued...
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BNEI ZION COMMUNITY NURSERY LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 OCTOBER 2024
15. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
At 1.11.22 £ 8,049 8,049 |
Net movement in funds £ (364,496) (364,496) |
At 31.10.24 £ (356,447) (356,447) |
|---|---|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 1,821,484 1,821,484 |
Resources expended £ (2,185,980 ) (2,185,980 ) |
Movement in funds £ (364,496) (364,496) |
|---|---|---|---|
16. RELATED PARTY DISCLOSURES
During the period the charity paid rent that amounted to £153,700 (2023: £35,000) to BC Trust. The charity and BC Trust share a common trustee.
As at the balance sheet date, the charity owed £389,661 to BC Trust. The charity and BC Trust share a common trustee.
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