2025-08-31-accounts - Talmud Torah Torah Veyirah D'satmar London Limited

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REGISTERED COMPANY NUMBER: 07089312 (England and Wales) REGISTERED CHARITY NUMBER: 1136378

REPORT OF THE TRUSTEES AND

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

FOR

TALMUD TORAH TORAH VEYIRAH D'SATMAR LONDON LIMITED (A COMPANY LIMITED BY GUARANTEE)

Venitt and Greaves Chartered Accountants 115 Craven Park Road South Tottenham London N15 6BL

TALMUD TORAH TORAH VEYIRAH D'SATMAR LONDON LIMITED

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

		Page
Reference and Administrative Details		1
Report of the Trustees	2	to	4
Statement of Trustees' Responsibilities		5
Report of the Independent Auditors	6	to	9
Statement of Financial Activities		10
Statement of Financial Position		11
Statement of Cash Flows		12
Notes to the Statement of Cash Flows		13
Notes to the Financial Statements	14	to	23

TALMUD TORAH TORAH VEYIRAH D'SATMAR LONDON LIMITED

REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 AUGUST 2025

TRUSTEES	S Berkowitz (Director)
	M Freund (Director)
	A Langberg (Director)
REGISTERED OFFICE	180 Bethune Road
	London
	N16 5DS
REGISTERED COMPANY	07089312 (England and Wales)
NUMBER
REGISTERED CHARITY	1136378
NUMBER
SENIOR STATUTORY AUDITOR	Malcolm Venitt
INDEPENDENT AUDITORS	Venitt and Greaves
	Chartered Accountants
	115 Craven Park Road
	South Tottenham
	London
	N15 6BL

Page 1

TALMUD TORAH TORAH VEYIRAH D'SATMAR

LONDON LIMITED (REGISTERED NUMBER: 07089312)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025

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 August 2025. 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 principal objectives of the charity are:

the advancement of orthodox jewish religious education primarily but not exclusively by the establishing and maintaining of a kindergarten and primary school for jewish boys in the north london area
the advancement of the orthodox jewish faith,
the advancement of such other objects as are for the benefit of public and are charitable according to english law.

Significant activities

Talmud Torah Torah Veyirah D'Satmar London runs an independent boys school for boys aged 2 to 11. The curriculum covers all the required areas of learning in the early years, and English, mathematics, science, art and design, humanities, design and technology, and physical education for pupils of compulsory school age.

The school has an Orthodox Jewish ethos. Kodesh is taught in the mornings in Yiddish; chol is taught in the afternoons in English. The school is well resourced and staffed.

Pupils' progress and attainment is identified using an evidence-based assessment system and tests. These are reviewed on a termly basis by teachers to plan lessons and any necessary interventions.

There is a suitably planned personal, social, health and economic (PSHE) education programme. It includes many opportunities for pupils to learn about British values, and to prepare them to respect others, paying regard to the protected characteristics.

Suitable arrangements are in place to develop and support staff, and to monitor the quality of education.

During the period ending 31.08.25 the charity has continued to provide high quality education and work towards its charitable objectives.

Public benefit

The trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the aims and objectives and in planning the charity's future activities.

The main purpose and objective of the charity is the provision of high quality education in a safe and supporting learning environment.

The charity's funds are utilised by its school to fund staff and activities to enable high quality education to be provided on an ongoing basis. When considering which pupils to admit, the school do not discriminate between them based upon the personal circumstances of their parents.

The charity also utilises its funds in furtherance of its other objectives.

Donations made

The charity provides donations to various institutions whose objectives align closely with its own.

Volunteers

The majority of the charity's work is undertaken by paid employees. Occasional voluntary assistance is provided by Governors and Parents.

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TALMUD TORAH TORAH VEYIRAH D'SATMAR

LONDON LIMITED (REGISTERED NUMBER: 07089312)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025

STRATEGIC REPORT Achievements and performance

Charitable activities

During the year the charity generated £638,776 (2024: £935,365) from the provision of childcare services. The charity also received funding in the form of donations and grants totalling £1,646,387 (2024: £1,213,153). These funds were spent in their entirety to further the charity’s objectives and support the running of the school.

Fundraising activities

The charity continuously fundraises throughout the year to raise money to support the school.

Financial review

Key Performance Indicators

The trustees are satisfied with the results and activities of the charity for the financial year.

The trustees monitor the entity's performance against its charitable objectives on a regular basis. Performance is assessed against the objectives and expectations using financial and non-financial indicators. The key financial performance indicators used by the charity are income from charitable activities, donations income, grant income and expenditure on charitable activities.

For the period ending 31.08.25 the charity is in a deficit position. The trustees have put plans in place to remediate this in the upcoming periods..

Principal funding sources

The major sources of income during the year were donations from various institutions, income from the provision of childcare services and various Government education grants to support the school.

Reserves policy

It is the policy of the charity to try and maintain unrestricted funds at a level which the trustees think appropriate after considering the future commitments of the charity, unplanned emergency expenditure and the likely administrative costs of the charity for the next year.

As at 31.08.2025 the charity’s unrestricted funds were £48,797 (2024: £87,129). The trustees have put plans in place to increase the reserves position in the upcoming periods..

Going concern

The trustees believe the charity has adequate income streams and support to continue operational existence for the foreseeable future. The entity's income and the support available has remained reasonably consistent year on year. For these reasons, no significant doubts have been noted and the charity has adopted the going concern basis of accounting in preparing the annual financial statements.

Future plans

There are no current plans to change the activities or modus operandi of the charity for 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.

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.

Organisational structure

There are three trustees who also act as directors. The Trustees are deemed to be Key Management Personnel. They meet on a regular basis to discuss the affairs of the charity. All decisions are based on a majority decision of the directors but in almost all cases the votes are unanimous.

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TALMUD TORAH TORAH VEYIRAH D'SATMAR

LONDON LIMITED (REGISTERED NUMBER: 07089312)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025

STRUCTURE, GOVERNANCE AND MANAGEMENT

Related parties

Details of transactions with related parties are disclosed in the notes to the financial statements where required.

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. Systems of internal controls are designed to provide reasonable, but not absolute, assurance against material misstatement or loss.

The trustees pay particular attention to the financial sustainability. The trustees regularly review the available funding sources to ensure that the charity has sufficient liquid funds to meet its short term working capital needs and sustainable funding sources to meet its mid to long term obligations.

The principle risks facing the charity are financial including items such as significant loss of Government funding or a decrease in community support. These risks are managed by continued assessment of the charity's financials by the Trustees and consistently looking for new potential sources of funding.

STREAMLINED ENERGY AND CARBON REPORTING

The trustees ensure that the activities of the charity are performed in a way that has as little damaging effect on the environment as possible.

Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 15 June 2026 and signed on the board's behalf by:

M Freund - Trustee

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TALMUD TORAH TORAH VEYIRAH D'SATMAR LONDON LIMITED

STATEMENT OF TRUSTEES' RESPONSIBILITIES FOR THE YEAR ENDED 31 AUGUST 2025

The trustees (who are also the directors of TALMUD TORAH TORAH VEYIRAH D'SATMAR LONDON LIMITED for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

Company law requires the trustees to prepare financial statements for each financial year. Under that law, the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).

Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

select suitable accounting policies and then apply them consistently;
observe the methods and principles in the Charities SORP;
make judgements and estimates that are reasonable and prudent;
state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

there is no relevant audit information of which the charitable company's auditors are unaware; and
the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.

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REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF TALMUD TORAH TORAH VEYIRAH D'SATMAR LONDON LIMITED (REGISTERED NUMBER: 07089312)

Opinion

We have audited the financial statements of TALMUD TORAH TORAH VEYIRAH D'SATMAR LONDON LIMITED (the 'charitable company') for the year ended 31 August 2025 which comprise the Statement of Financial Activities, the Statement of Financial Position, the Statement of Cash Flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In our opinion the financial statements:

give a true and fair view of the state of the charitable company's affairs as at 31 August 2025 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'; and
have been prepared in accordance with the requirements of the Companies Act 2006.

Basis of opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded 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 have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the Report of the Trustees has been prepared in accordance with applicable legal requirements.

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REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF TALMUD TORAH TORAH VEYIRAH D'SATMAR LONDON LIMITED (REGISTERED NUMBER: 07089312)

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us; or
the financial statements are not in agreement with the accounting records and returns; or
certain disclosures of trustees' remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit.

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

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REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF TALMUD TORAH TORAH VEYIRAH D'SATMAR LONDON LIMITED (REGISTERED NUMBER: 07089312)

Our responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We obtained an understanding of the legal and regulatory frameworks that are applicable to the charity through discussion with the trustees and identified financial reporting legislation and charity legislation as being most significant to these financial statements. These included but were not limited to FRS 102, Charities Act 2011 and Companies Act 2006 as they affect the direct charitable activities of the charity.
We communicated these identified frameworks amongst our audit team and remained alert to any indications of non-compliance throughout the audit. We ensured that the engagement team had sufficient competence and capability to identify or recognise non-compliance with laws and regulations.
We discussed with the trustees the policies and procedures regarding compliance with these legal and regulatory frameworks.
We assessed the susceptibility of the charity's financial statements to material misstatement due to non-compliance with legal and regulatory frameworks, including how fraud might occur, by enquiry with the trustees during the planning and finalisation stages of our audit. Specific areas identified were the completeness of income and going concern.
Based on this understanding, we designed our audit procedures to identify non-compliance with the identified legal and regulatory frameworks, which were part of our procedures on the related financial statement items. We performed appropriate audit testing on the recognition and completeness of income and management’s assessment of going concern.

Our audit procedures were designed to respond to risks of material misstatement in the financial statements, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery, misrepresentations or through collusion. There are inherent limitations in the audit procedures performed and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we are to become aware of it.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

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REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF TALMUD TORAH TORAH VEYIRAH D'SATMAR LONDON LIMITED (REGISTERED NUMBER: 07089312)

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Malcolm Venitt (Senior Statutory Auditor) for and on behalf of Venitt and Greaves Chartered Accountants 115 Craven Park Road South Tottenham London N15 6BL

15 June 2026

Venitt and Greaves

Page 9

TALMUD TORAH TORAH VEYIRAH D'SATMAR LONDON LIMITED

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2025

Notes INCOME AND ENDOWMENTS FROM Donations and legacies 2 Charitable activities 4 Charitable Investment income 3 Total EXPENDITURE ON Raising funds Raising donations and legacies 5 Charitable activities 6 Charitable Other Total NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD	Unrestricted funds £ 1,440,084 638,776 1,885 2,080,745 25,262 25,262 1,947,082 146,733 2,119,077 (38,332) 87,129 48,797	Restricted funds £ 206,303 - - 206,303 - - 213,082 - 213,082 (6,779) 6,779 -	31.8.25 Total funds £ 1,646,387 638,776 1,885 2,287,048 25,262 25,262 2,160,164 146,733 2,332,159 (45,111) 93,908 48,797	31.8.24 Total funds as restated £ 1,213,153 935,365 210 2,148,728 17,049 17,049 2,099,625 83,946 2,200,620 (51,892) 145,800 93,908

The notes form part of these financial statements

Page 10

TALMUD TORAH TORAH VEYIRAH D'SATMAR LONDON LIMITED (REGISTERED NUMBER: 07089312)

STATEMENT OF FINANCIAL POSITION 31 AUGUST 2025

Unrestricted funds Notes £ FIXED ASSETS Tangible assets 14 100,965 CURRENT ASSETS Debtors 15 600 Cash at bank and in hand 44,810 45,410 CREDITORS Amounts falling due within one year 16 (97,578) NET CURRENT ASSETS (52,168) TOTAL ASSETS LESS CURRENT LIABILITIES 48,797 NET ASSETS 48,797 FUNDS 17 Unrestricted funds: General fund Restricted funds: Restricted Fund TOTAL FUNDS	Restricted funds £ - - - - - - - -	31.8.25 Total funds as £ 100,965 600 44,810 45,410 (97,578) (52,168) 48,797 48,797 48,797 - 48,797	31.8.24 Total funds restated £ 118,783 6,779 38,424 45,203 (70,078) (24,875) 93,908 93,908 87,129 6,779 93,908

The financial statements were approved by the Board of Trustees and authorised for issue on 15 June 2026 and were signed on its behalf by:

M Freund - Trustee

S Berkowitz - Trustee

A Langberg - Trustee

The notes form part of these financial statements

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TALMUD TORAH TORAH VEYIRAH D'SATMAR LONDON LIMITED

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 AUGUST 2025

		31.8.25	31.8.24
			as restated
	Notes	£	£
Cash flows from operating activities
Cash generated from operations	1	6,301	(29,797)
Net cash provided by/(used in) operating activities		6,301	(29,797)
Cash flows from investing activities
Interest received		85	210
Net cash provided by investing activities		85	210

Change in cash and cash equivalents in
the reporting period		6,386	(29,587)
Cash and cash equivalents at the
beginning of the reporting period		38,424	68,011
Cash and cash equivalents at the end of
the reporting period		44,810	38,424

The notes form part of these financial statements

Page 12

TALMUD TORAH TORAH VEYIRAH D'SATMAR LONDON LIMITED

NOTES TO THE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 AUGUST 2025

1. RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES

ACTIVITIES
	31.8.25	31.8.24
		as restated
	£	£
Net expenditure for the reporting period (as per the Statement of
Financial Activities)	(45,111)	(51,892)
Adjustments for:
Depreciation charges	17,818	20,961
Interest received	(85)	(210)
Decrease in debtors	6,179	10,802
Increase/(decrease) in creditors	27,500	(9,458)
Net cash provided by/(used in) operations	6,301	(29,797)

2. ANALYSIS OF CHANGES IN NET FUNDS

At 1.9.24 Cash flow At £ £ Net cash Cash at bank and in hand 38,424 6,386 38,424 6,386 Total 38,424 6,386	31.8.25 £ 44,810
	44,810
	44,810

The notes form part of these financial statements

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TALMUD TORAH TORAH VEYIRAH D'SATMAR LONDON LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

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.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

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. Donations income is recognised on receipt or when the charity otherwise becomes entitled to the funds and grant income is recognised when there is evidence of entitlement to the gift unless performance or other conditions require deferral of the amount.

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.

Governance costs

Governance costs are associated with the governance arrangements of the charity and relate to the general running of the charity. These costs include audit, legal advice for Trustees and costs associated with meeting constitutional and statutory requirements such as the costs of Trustee meetings and the preparation of the statutory accounts.

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 - 15% on reducing balance Plant and machinery - 15% on reducing balance Fixtures and fittings - 15% on reducing balance Motor vehicles - 15% on reducing balance

All categories of fixed assets are initially recognised at cost and then held on the balance sheet at historic cost less accumulated depreciation. If an event occurs which indicates a material reduction in a fixed asset's carrying value, an impairment review will be carried out. Any impairment charge is recognised in the statement of financial activities.

continued...

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TALMUD TORAH TORAH VEYIRAH D'SATMAR LONDON LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2025

1. ACCOUNTING POLICIES - continued

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. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Donated services and facilities

Donated services or facilities are recognised when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use of the item is probable and that economic benefit can be measured reliably.

Donated professional services and facilities are included in income at the estimated value of the gift to the charity when received, based on the amount that the charity would have been prepared to pay for these services or facilities had it been required to purchase them, with a corresponding entry in the appropriate expenditure heading for the same amount. Donated fixed assets are similarly taken to income at the value to the charity with the other entry being capitalised in fixed assets.

The value of the services provided by volunteers is not incorporated into these financial statements. Further details of their contribution is provided in the trustees’ report.

Going concern

At the time of approving the financial statements, the trustees believe the charity has adequate income streams and support to continue operational existence for the foreseeable future. The entity's income and the support available has remained reasonably consistent year on year. For these reasons, no significant doubts have been noted and the charity has adopted the going concern basis of accounting in preparing the annual financial statements.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts.

Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity's Statement of Financial Position when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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continued...

TALMUD TORAH TORAH VEYIRAH D'SATMAR LONDON LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2025

2. DONATIONS AND LEGACIES

Donations Grants	Unrestricted funds £ 1,440,084 - 1,440,084	Restricted funds £ - 206,303 206,303	31.8.25 Total funds £ 1,440,084 206,303 1,646,387	31.8.24 as restated Total funds £ 1,037,582 175,571 1,213,153

The charity occupies multiple premises rent free under an arrangement with Yizal Education Limited. The estimated rental value of the premises of £150,000 has been recognised within donated income and charitable expenditure in the Statement of Financial Activities. Donated facilities are recognised at the value to the charity.

Grants received, included in the above, are as follows:

Special Education Grants Education Grants	31.8.25 a £ 113,493 92,810 206,303	31.8.24 s restated £ 98,295 77,276 175,571

3. INVESTMENT INCOME

INVESTMENT INCOME
			31.8.25	31.8.24
				as restated
	Unrestricted	Restricted	Total	Total
	funds	funds	funds	funds
	£	£	£	£
Rents received	1,800	-	1,800	-
Deposit account interest	85	-	85	210
	1,885	-	1,885	210

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continued...

TALMUD TORAH TORAH VEYIRAH D'SATMAR LONDON LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2025

4. INCOME FROM CHARITABLE ACTIVITIES

Activity Childcare Charitable 5. RAISING DONATIONS AND LEGACIES Unrestricted funds £ Raising funds 25,262 6. CHARITABLE ACTIVITIES COSTS Charitable 7. SUPPORT COSTS Finance £ Other resources expended 714 Support costs, included in the above, are as follows: Bank charges Legal and professional fees Insurance Utilities Telephone HMRC settlement Auditors' remuneration	31.8.25 £ 638,776 31.8.25 Restricted Total funds funds £ £ - 25,262 Governance Other costs £ £ 135,519 10,500 31.8.25 Other resources expended £ 714 27,311 12,689 66,785 4,113 24,621 10,500 146,733	31.8.24 as restated £ 935,365 31.8.24 as restated Total funds £ 17,049 Direct Costs £ 2,160,164 Totals £ 146,733 31.8.24 as restated Total activities £ 678 20,749 12,597 36,984 2,738 - 10,200 83,946
		a

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NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2025

8. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

	31.8.25	31.8.24
		as restated
	£	£
Depreciation - owned assets	17,818	20,961

9. AUDITORS' REMUNERATION

Fees payable to the charity's auditors for the audit and creation of the charity's financial statements are £8,750 plus VAT.

10. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 August 2025 nor for the year ended 31 August 2024.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 August 2025 nor for the year ended 31 August 2024.

11. STAFF COSTS

Wages and salaries Social security costs Other pension costs The average monthly number of employees during the year was as follows: Charitable activities	31.8.25 £ 995,112 42,748 5,866 1,043,726 31.8.25 116	31.8.24 as restated £ 915,853 10,246 2,634 928,733 31.8.24 as restated 102

No employees received emoluments in excess of £60,000.

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NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2025

12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL INCOME AND ENDOWMENTS FROM Donations and legacies Charitable activities Charitable Investment income Total EXPENDITURE ON Raising funds Raising donations and legacies Charitable activities Charitable Other Total NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD	ACTIVITIES Unrestricted funds £ 887,582 935,365 210 1,823,157 17,049 17,049 1,760,858 83,946 1,861,853 (38,696) 125,825 87,129	Restricted funds £ 325,571 - - 325,571 - - 338,767 - 338,767 (13,196) 19,975 6,779	Total funds as restated £ 1,213,153 935,365 210 2,148,728 17,049 17,049 2,099,625 83,946 2,200,620 (51,892) 145,800 93,908

13. PRIOR YEAR ADJUSTMENT

During the period the charity identified that SMP expenditure recovered from HMRC had been erroneously classified as grant income rather than being netted off against payroll costs in the prior periods accounts. As a result both income and expenditure had been overstated. The error has been corrected by restating each of the affected financial statement line items for the prior periods, this reclassification had no impact on the total comparative deficit figure. The prior periods grant income total and payroll cost total were both decreased by £30,478.

In addition, the charity identified items that had been erroneously classified as other creditors rather than net wages creditors in the prior periods accounts. As a result other creditors were overstated and net wages creditors were understated. The error has been corrected by restating each of the affected financial statement line items for the prior periods, this reclassification had no impact on the total comparative creditor figure. The prior periods other creditors total was decreased by £22,364 and the net wages creditor total was increased by £22,364.

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13. PRIOR YEAR ADJUSTMENT - continued

Finally, the charity identified a grant other debtor balance that should have been reversed in prior years accounts and a grant income balance that should have been accrued in prior years accounts. As a result grant income was net overstated, other debtors was overstated and accrued income was understated. The error has been corrected by restating each of the affected financial statement line items for the prior periods. The prior periods grant income was decreased by a net total of £13,196, the prior periods other debtor total was decreased by £17,581 and the prior periods accrued income total was increased by £4,385.

14. TANGIBLE FIXED ASSETS

Improvements to Plant and property machinery £ £ COST At 1 September 2024 and 31 August 2025 31,796 20,688 DEPRECIATION At 1 September 2024 15,072 11,509 Charge for year 2,508 1,377 At 31 August 2025 17,580 12,886 NET BOOK VALUE At 31 August 2025 14,216 7,802 At 31 August 2024 16,724 9,179 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other debtors Accrued income	Fixtures and fittings £ 88,177 44,113 6,610 50,723 37,454 44,064	Motor vehicles £ 84,508 35,692 7,323 43,015 41,493 48,816 31.8.25 a £ 600 - 600	Totals £ 225,169 106,386 17,818 124,204 100,965 118,783 31.8.24 s restated £ - 6,779 6,779

15. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

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16. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade creditors Social security and other taxes Pensions Net wages HMRC creditor Accrued expenses MOVEMENT IN FUNDS Unrestricted funds General fund Restricted funds Restricted Fund TOTAL FUNDS Net movement in funds, included in the above are as follows: Unrestricted funds General fund Restricted funds Restricted Fund TOTAL FUNDS	At 1.9.24 £ 87,129 6,779 93,908 Incoming resources £ 2,080,745 206,303 2,287,048	31.8.25 £ 41,636 21,987 1,562 3,378 18,515 10,500 97,578 Net movement in funds £ (38,332) (6,779) (45,111) Resources expended £ (2,119,077 ) (213,082) (2,332,159 )	31.8.24 as restated £ 25,794 11,231 103 22,750 - 10,200 70,078 At 31.8.25 £ 48,797 - 48,797 Movement in funds £ (38,332) (6,779) (45,111)

17. MOVEMENT IN FUNDS

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17. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net movement At 1.9.23 in funds £ £ Unrestricted funds General fund 125,825 (38,696) Restricted funds Restricted Fund 19,975 (13,196) TOTAL FUNDS 145,800 (51,892) Comparative net movement in funds, included in the above are as follows: Incoming Resources resources expended £ £ Unrestricted funds General fund 1,823,157 (1,861,853 ) Restricted funds Restricted Fund 325,571 (338,767) TOTAL FUNDS 2,148,728 (2,200,620 ) A current year 12 months and prior year 12 months combined position is as follows:	At 31.8.24 £ 87,129 6,779 93,908 Movement in funds £ (38,696) (13,196)	At 31.8.24 £ 87,129 6,779
		93,908
	(51,892)

		Net
		movement	At
	At 1.9.23	in funds	31.8.25
	£	£	£
Unrestricted funds
General fund	125,825	(77,028)	48,797
Restricted funds
Restricted Fund	19,975	(19,975)	-
TOTAL FUNDS	145,800	(97,003)	48,797

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17. MOVEMENT IN FUNDS - continued

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 Restricted funds Restricted Fund TOTAL FUNDS	Incoming resources £ 3,903,902 531,874 4,435,776	Resources expended £ (3,980,930 ) (551,849) (4,532,779 )	Movement in funds £ (77,028) (19,975) (97,003)

18. RELATED PARTY DISCLOSURES

During the period ending 31 August 2025 a nephew of Mr A Langberg (Trustee) donated £3,360 to the charity. The charity also received £4,800 from another nephew of Mr A Langberg (Trustee) and £19,400 from a niece-in-law of Mr M Freund (Trustee) for childcare services provided in the period.

In addition, during the period the charity received donations totalling £867,500 from The Bais Rochel DSatmar Charitable Trust, an entity which shares a Trustee with the charity (Mr S Berkowitz). The charity also received donations totalling £212,000 and rental income of £1,800 from Beis Rochel DSatmar Ltd, an entity which shares a Director with the charity (Mr S Berkowitz). Donations of £2,000 were received from Lexton Investments Limited in the period, an entity which Mr M Freund is registered secretary.

Payments totalling £1,080 were made to Satmar Meats & Poultry Ltd in the period, a supplier which shares a Director with the charity (Mr M Freund).

Finally, during the period the charity received a donation in kind from Yizal Education Limited for the rent of premises, the value of which totals £150,000 per annum. One of the Directors of Yizal Education Limited is the son of Mr M Freund (Trustee). The charity also paid £5,287.29 to Yizal Education Limited to cover the cost of building insurance.

No other related party transactions have been noted during the period ended 31 August 2025.

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