DoGUSign Envelope ID". BF287718-2BOD.80DA-826A-2AA2EB089E33 COMPANY REGISTRATION NUMBER: 07321432 CHAIUTY REGISTIL4T10Tr4 NUMBER: 1138791 T ALMUD TORAH D'CHASIDEI GUR LIMITED Company Limited b), Guarantee FINANCIAL ST ATEMENTS FOR THE YEAR ENDED 31 JULY 2025 COHEN ARNOLD Chartered aceountanls & sta(ulory auditor New Burlington House 1075 Finehley Road LONDON NWII OPU
DoGUSign Envelope ID". BF287718-2BOD.80DA-826A-2AA2EB089E33 TALMUD TORAH D'CHASIDEI GUR LIMITED COMPANY LIMITED BY GUARANTEE FINANCIAL ST ATEMENTS YEAR ENDED 31 JULY 2025 PAGE Trustees, annual report {incorporating the director's report) Independent auditor's report to the members Statement of financial activities (including income and expenditure account) Statement of financial position Statement of cash flows li 12 13 Notes to the financial statements 14
DoGUSign Envelope ID". BF287718-2BOD.80DA-826A-2AA2EB089E33 TALMUD TORAH D'CHASIDEI GUR LIMITED COMPANY LIMITED BY GUARANTEE TRUSTEES, ANNUAL REPORT {INCORPORATING THE DIRECTOR'S REPORT) YEAR ENDED 31 JULY 2025 The trustees. who are also the directots for the purposes of company law, present their report and the financial statcnicnts of thc charity for thc year cndcd J l July 2025. REFERENCE ALYD ADMINISTIL4TIVE DETAILS Registered charity name Charity registration number Company registration number 07321432 Principal office and registered 17 Margaret Road office London N166UX Taltnud Torah D'chasidci Gur Litllitcd 1138791 The trustees E. Beck A Schreiber l Traube A. Jakubowitsch A Feldtnan Auditor Cohcn Atijold Chart¢r¢d aLcountants & statutory auditor New Burlington Hi)use 1075 Fin¢hley Road LONDON NWI I OPU
DoGUSign Envelope ID". BF287718-2BOD.80DA-826A-2AA2EB089E33 TALMUD TORAH D'CHASIDEI GUR LIMITED COMPANY LIMITED BY GUARANTEE TRUSTEES, ANNUAL REPORT {INCORPORATING THE DIRECTOR'S REPORT) YEAR ENDED 31 JULY 2025 STRUCTURE, GOVERNANCE AND MANAGEMENT Governing doeument Talmud Torah D'chasidei Gur Liinited is a cotllpany limited by guarantee w'ithout share capital, inlorporatcd on 21 July 201 O and r¢gistcrcd with th¢ Charity cotnmission on 3 Novcmbcr 2010. Thc charitable company was establisl)cd under a Memorandum of Association ii,liich established the obj¢¢ts and p0'¢r$ of rh¢ charitable ¢ompany and is govemed under its Articles of Association. Recruitment and appointment of new trustees Truqte¢s Inay be appointed by the existing trustees at any time, either to fill a ¢asual va¢an¢y or aq an addition to the existing trustees. Any trustees so appointed iwill hold office onl! until the next Annual General Meeting and will then be eligible for re-election. The charity has commenced a programme to recruit additional trustees who have the skills to drive progress in all aspects of the charity's actiiwities and governance procedures. Potential trustees are invited to infortnallv atteiid trustee meetings prior to appointment and a con)prehensive ii)duction progratnnic is available. Additionally individual trustccs may undettskc extcrnal training in a particular area of their role on the (ioveming Body. Organisational structure The board of trustees administers the charity. The board meets regularly. The day to day management of Talmud Torah D'chaqidei Gur iq d¢l¢galed by the trustees to Ihe senior leadership t¢ain. Induction and training of new trustees The charitable entity strives to ensure equal opportunities and diversity in the employment of staff and trustee appointments. Selection criteria and procedures are regularly reIeThed to ensure that individuals are selected, promoted and treated on the basis of their relevant merits and abilities. Risk n)anagen)ent 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. The trustees rcgularly undcttske a review of the major risks to w'hich thc charity is cxposcd. and syStcms dcsigned to Initigate thos¢ risks are considered on an ongoing basis. The irustees recognise the absolute necessity of ensuring the protection and safety of all those that the charity s¢rv¢s.This means that the trusl¢es, employees c)f the school and all those who work or 'olunteer for the school and work ivith children must obtain clearance from the Disclosure and Barring SeThice. The school has developed a safeguarding policy and one of the trustees is responsible for ensuring this policy is adhered to. Safeguarding training is compulsory for all staff. Fundraising The charity has a good reputation within the local community and has the support of regular donors who w'ish to have a part in the charitable activities of t]ie charity.. As such, the trustees do not engage professional fundraiscrs nor do thcy undcrtake public collcctions or cold calls. Thc charity is comiiiitted to the principals set out by the Fundraising Regiilator in ils Code of Fundraising Practice. When donors are approached, this is done with s¢nsilLVit! and r¢spe¢l and 1th regard to their circumstances. The trusiees are pleased to report that no ¢omplaints w¢r¢ r¢c¢iv¢d in the past tw¢lv¢ months in relation to its fundraising <lCtivities.
DoGUSign Envelope ID". BF287718-2BOD.80DA-826A-2AA2EB089E33 TALMUD TORAH D'CHASIDEI GUR LIMITED COMPANY LIMITED BY GUARANTEE TRUSTEES, ANNUAL REPORT {INCORPORATING THE DIRECTOR'S REPORT) YEAR ENDED 31 JULY 2025 OBJECTIVES AND ACTIVITIES The charity was established for the advanceinenl of the orthodox Jewish faith and the advanceinent of orthodox Jewish religious education and education generally and for such purposes recognised as charitabl¢ by English Law. The charity. provides on a non-profit basis a s¢cular and religious education. Thc Trustecs confirtn that thcy havc refcrrcd to thc guidancc contained in thc Charity Cotnmission's general guidance on public benefit when reviewing the Charitable Trust's aims and objectives and in planning future a¢tiviti¢s and Setting the grant making policy for the year. ACHIEVEMEI¥4TS AND PERFORLUTrICE The school continued to provide a very good education to Jewish boys. The financial statements summarise the transactions of the charity for the year. In May 2024 the school had an Ofsted inspection in which it was found that the school "required improvement" In September 2025, there was a follow-up inspection at which the school improved in a nuii)ber of categories but still required improvement. As a result, the school was required to subniit an Action Plan, which it then did and is still awaiting any further feedback from Ofsted. FINANCIAL REVIEW The financial position of the charity is satisfactory. The Stat¢m¢nt of Financial Actiiwitics shows a nct surplus for the ycar of £83.856 {20•4- £144,948 dcficit) and total reserves of £6J9,067 (•024.. £555,211) M,hich are the frce reserves of the Lharity. Tlie financial results of the Charity's acrivilies for the year to 31 July ?095 are fully reflected in rhe atta¢h¢d Financial Statenients together Thwith the Not¢s thereon. Principal Funding Sources The Charity's principal funding sources are voluntary donations from the general public and from parental contributions. Reserves Policy It is the policy of the school to maintain unrestricted tunds at a level which enables it to pay its liabilities as they fall due. This provides sufficient funds to cover management and administration funds. A5 at 31 July 2025 the charity had £639,067 unrestricted funds. Principal Risks and Uncertainties The -l-rustccs havc asscss¢d thc iiiajor risks to which the Charity is exposed particularly thosc relatin¥ to operatic)ns and finances. It is satisfied that the systems are in place to mitigate its exposure to those risks.
DoGUSign Envelope ID". BF287718-2BOD.80DA-826A-2AA2EB089E33 TALMUD TORAH D'CHASIDEI GUR LIMITED COMPANY LIMITED BY GUARANTEE TRUSTEES, ANNUAL REPORT {INCORPORATING THE DIRECTOR'S REPORT) YEAR ENDED 31 JULY 2025 PLANS FOR FUTURE PERIODS The charity plans to continue the activities outlined above iii forthcoming years subject to satisfactory incotning rcsourc¢s. TRUSTEES, RESPONSIBILITIES STATEMENT Thc trustees, who are also directors for thc purposes of coiiipany la,, ar¢ rcsponsible for preparing the triistees, report aiid rh¢ fiiiancial statemenls in ac¢ordaiic¢ with applicable law and United Kingdom Ac¢ounting Standards (United Kingdom Generally A¢cepted Ac¢ounting Practice). Company law requires the charity trustees to prepare financial statements for each year which give a true and tair view of the state ot atyairs of the charitable compan}, and the incoming resources and application of resources, including the incoine and expenditure, for that period. In preparing these financial statements. the trustees are required to.. select suitable accounting policies and then apply them consistently- observe the methods and prin¢ipl¢s in the applicable Charities SORP; make judgments and accounting estimates that are reasonable and prudent; prepare th¢ financial stafrmcnts on the going concern basis unl¢ss It is inappropriate to prcsumc that the Charity will contiiiue in business. Tlie Iruslees are responsible for keeping adequate accounting records that are su1¢1¢nI to show and explain rh¢ ¢harity's tranqactions and diqcli)s¢ with reasonable accuracy at any time th¢ financial position of the charit! and enable them to ensure that the financial statements comply with the Companies Act 2006. The)1 are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregiilarities. AUDITOR Each of the persons who is a trustee at the date of approval of this report confirms that= so tar as they are a.are, there is no relevant audit intormation of which the charity's audilor is unaware; and they have taken all steps thai they ought to have tsken as a trustee to make themselves aware of any releiwant audit information and to establish that the charity's auditor is aware of that information. Subsequent to the Balance Sheet date, Cohen Arnold were appointed as auditors in accordance with Scction 485 of thc Companic5 Act ?006. SMALL COMPANY PROVISIONS This r¢port has bc¢n prcparcd in aLLordancc with thc provisions appliLablc to companics entitled to the sinall coinpanies exeiiiplion.
DoGUSign Envelope ID". BF287718-2BOD.80DA-826A-2AA2EB089E33 TALMUD TORAH D'CHASIDEI GUR LIMITED COMPANY LIMITED BY GUARANTEE TRUSTEES, ANNUAL REPORT {INCORPORATING THE DIRECTOR'S REPORT) YEAR ENDED 31 JULY 2025 The trustees, annual report was approved on trustecs by: 311512026 and signed on behalf of the board of SWby'. SÉ ec 4ÈDFeA14CO. Trustee
DoGUSign Envelope ID". BF287718-2BOD.80DA-826A-2AA2EB089E33 TALMUD TORAH D'CHASIDEI GUR LIMITED COMPANY LIMITED BY GUARANTEE INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF TALMUD TORAH D'CHASIDEI GUR LIMITED YEAR ENDED 31 JULY 2025 OPINION Wc hav¢ audit¢d th¢ financial statctncnts of Taltnud Torah D'Chasid¢i Gur Limit¢d (the 'charity') for the year ¢nded 31 July 2025 which comprise the stateiii¢nt of finaiicial activities (including income and expenditure accoiint), stal¢ment of financial pi)silion, statemenr of ¢ash flows and the relared notes, including a siimniary of significant accouniing policies. The financial reporting frme'0rk that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic ot Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements.. give a true and fair view ot the state of the charity's affairs as at 31 July 2025 and of its incoming resources and application of resources, including its incoine and expenditure, for the year then ended- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; have been prepared in accordance with the requirements of the Companies Act 2006. BASIS FOR OPINION We conducted our audit in accordance '1th International Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor's respoiisibilitics for the audit of thc financial stat¢mcnts section of our rcport. We arc independent of the charitv in accordanc¢ with the ethiLal requireiii¢nts that are relevant to our audit of the financial statemenrs iii the UK, including the FRC""s Ethical Standard, and we hav¢ fuifill¢d our other ¢ihi¢al responsibilities in ac¢ordance with these requirements. We believe that the audit evidence we hav¢ obtained is sufficient and appropriate to provide a basis for our opinion. CONCLUSIONS RELA TING TO GOING CONCERN In auditing the financial statements, we have concluded that the trustees, use of the going concern basis ot accounting in the preparation of the financial statements is appropriate. Based on the work we hai'e performed, we have not identified any material uncertainties relating to eveiits or conditions that. individually or collectively. may cast significant doubt on the charitv's ability to continuc as a going conccrn for a period of at lcast twclvc moiiths frotll wh¢n thc financial statements are authorised for issue. Our responsibilities and tl)e responsibilities of the trustees with respect to going concern are described in th¢ relevanl sections of ihis report.
DoGUSign Envelope ID". BF287718-2BOD.80DA-826A-2AA2EB089E33 TALMUD TORAH D'CHASIDEI GUR LIMITED COMPANY LIMITED BY GUARANTEE INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF TALMUD TORAH D'CHASIDEI GUR LIMITED (conlinu YEAR ENDED 31 JULY 2025 OTHER INFORMATION The othcr infotination cotnprises thc infortnation included in thc annual rcporL othcr than thc financial statements and our auditor's report thereon. The trustees are responsibl¢ for the other infomiation. Our opinion on the financial slal¢ineiits does not cover the other infomiation and, exc¢pl to the extent otherwise explicitly stated in oiir report, 'e do not express an). 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 ii,hether the other information is materially inconsistent ivith the financial statetnei)ts or our kno.[edge obtained in the audit or otherwise appears to be materially tnisstated. If we identify such material inconsistencies or apparent material misStateinent5, we are r¢quircd to dctcrmiiic M'hcthcr thcrc is a material misstai¢tll¢nt in the financial statciiicnts or a material misstateiiient of the other infomiatiort. If, based ort the work we have performed, we conclud¢ that Ih¢r¢ is a material misstatement of this other infomiation, we are required lo report thal fact. We have nothing to rep)rt in this regard. OPINIONS ON OTHER MATTERS PRESCIUBED BY THE COMPANIES ACT 2006 In our opinion, based on the work undertaken in the course of the audit= Ihe information given in th¢ Irust¢¢s' report for th¢ finan¢ial year for whi¢h the financial statements are prepared is consistent with the financial statements. and (he trustees, r¢port has be¢n pr¢par¢d in a¢¢ordan¢e with appli¢abl¢ legal r¢quir¢m¢nts. IVL4TTERS OIY WHICH WE ARE REQUIRED TO REPORT BY EXCEPTIOIY In the light of the knowledge and understanding of the charity and its enijironment obtained in the course of the audit, we have not identitied material misstatements in the trustees, report. We have nothing to report in respect ot the following matters in relation to which the Companies Act 2006 requires us to report to )'ou if, in our opinion.. adequate accounting records have noi 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 ¢¢rtain dis¢losur¢s of trust¢es' remuneration sp¢¢ifi¢d by law ar¢ not made. or we have not received all the information and explanations we require for our audit; or thc trustccs wcrc not cntitl¢d to prcparc th¢ financial statcmcnts in accordance with thc sinall companies regime and take advantage of the small companies, exemptions in preparing the dire¢tors' report and from th¢ requirement to prepare a straregic report.
DoGUSign Envelope ID". BF287718-2BOD.80DA-826A-2AA2EB089E33 TALMUD TORAH D'CHASIDEI GUR LIMITED COMPANY LIMITED BY GUARANTEE INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF TALMUD TORAH D'CHASIDEI GUR LIMITED (conlinu YEAR ENDED 31 JULY 2025 RESPONSIBILITIES OF TRUSTEES As cxplaincd Illo fully in thc trustrcs, responsibilitics statcincnt. thc tru5trcs {who arc also thc directors for the purposes of company law) are responsible for the preparation of the financial statemenrs and for being sarisfied that rh¢v give a tni¢ and fair view, and for su¢h inl¢rnal ¢onrrol as the trustees deterinine is necessary to enable the preparation of finan¢ial 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 charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the goii)g concern basis of accounting unless the trustees either intend to liquidate the charit), or to cease operations, or have no realistic alternative but to do so. AUDITOR'S RESPONSIBILITIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS Our objcctivcs are to obtain reasonabl¢ assurancc about whcthcr th¢ financial statcmcnts as a wholc are free froiii material misstatemellt, whether due to fraud or error, and to issue an auditor's report that includes our opiiiion. Reasonable assuranc¢ is a high l¢v¢l of assuraii¢¢, but is not a guaranree that an audit conducied in accordance '1th ISAS (UK) will alwavs detect a material misstatemenl hen 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. Irregularities, including fraud. are instances of non-compliance with laws and regulations. We design procedures in line with our respoiisibilities. outliiied aboi'e. to detect tnaterial Iiiisstatements in respect of irrcgularities, including fraud. The ¢xtcnt to which our proccdurcs arc capablc of dctcctin¥ irregularities, including fraud is detailed below.. We obtained an understanding of the legal and regulatory frameworks that are applicable to the Charity through dis¢us8ion with th¢ trustees and id¢ntifi¢d finan¢ial reporting l¢gislatii)n and ¢harity legislation as being most significant to these financial statements. We communicated these identified trameworks amongst our audit team and remained alert to any indications of non•coiiipliance throughout the audit. We ensured that the engagement team had sufficient competence and capability to identify or recognise non-cotnpliance ivith the laivs and regulations. We discussed with the trustees the policies and procedures regarding cotnpliance with these legal and rcgulatory fratn¢works. W¢ asscsscd thc susocptibility of th¢ Lharity's financial statcm¢nts to tnat¢rial misstat¢mcnt du¢ to non-vonipliance with legal and regulatory fraineworks, incliiding how fraud might occur, by enquiry with th¢ trust¢¢s during rh¢ planning and finalisation phas¢s qlages of our aiidil. The sus¢¢ptibility to such material misstatement was deterniined to be low. B<ised on this understandin& Th'e 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.
DoGUSign Envelope ID". BF287718-2BOD.80DA-826A-2AA2EB089E33 TALMUD TORAH D'CHASIDEI GUR LIMITED COMPANY LIMITED BY GUARANTEE INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF TALMUD TORAH D'CHASIDEI GUR LIMITED (conlinu YEAR ENDED 31 JULY 2025 A5 part of an audit in accordance with ISAS {UK), we exercise professional judgment and maintain profcssional SLCPticism throughout the audit. W¢ also- Identify and a5ses5 the risks of niaterial misstateiiient of the financial statetnents. whether due to fraud or error, d¢sign and pcrform audit proccdurcs responsiv¢ to thosc risks, and obtain audit evidence that is sufficient aiid apprc)priate lo prc)vide a basis fc)r our opirtion. The risk of rtol dete¢ting a material misstat¢m¢nt resulting from fraud is higher than for one resulting from error, as fraud Inay involve collusion, forgery, intentional omissions, misrepresentations, or the oiwerride of internal control. Obtain an understanding of internal ¢ontrol relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the etyectiveness of the internal control. Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the trustees. Conclude on the appropriateness of the trustees, use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the charity's ability, to continue as a going concem. If ive conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial statenients or. if such disclosures arc inadcquat¢, to modify our opinion. Our conclusions arc bascd oli the audit cN'idcncc obtsin¢d up to tl)e date of our auditor's report. However, future events or conditions may cause the charity 10 ceas¢ ti) ¢i)nlinue as a gi)ing con¢ern. Evaluate the overall presentation, structure and content of the financial stateinents, including the disclosures, and wh¢ther the financial stat¢m¢nts repr¢s¢nl tlie underlying transa¢tic)ns and ev¢nls in a manner that a¢hi¢v¢s fair presentation.
DoGUSign Envelope ID". BF287718-2BOD.80DA-826A-2AA2EB089E33 TALMUD TORAH D'CHASIDEI GUR LIMITED COMPANY LIMITED BY GUARANTEE INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF TALMUD TORAH D'CHASIDEI GUR LIMITED (conlinu YEAR ENDED 31 JULY 2025 We communicate with those charged with governance regarding, among other matters. the planned sLop¢ and timing of th¢ audit and sigiiificant audit findings, including any significant dcfici¢nci¢s in inlemal coiilrol that we identify during our audit. USE OF OUR REPORT This report is mad¢ solely ti) the ¢harit!'s members, as a body, in a¢cordan¢e with Chapt¢r 3 of Part 16 of the Coinpanies Act 2006. Our audit work has been undertaken so thai 'e might state to the charity's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law. we do not accept or assume responsibilit)w to anyone other than the charit), and the charitv's metllbers as a body, for our audit work. for this reporL or for the opinioiis we have formed. Dttu5*nidby.' KL°Ytberg F.C.A. (Senior Statutory Auditor) For and on behalf of Cohen Arnold Chartered accountants & ststutory auditor N¢w Burlington Housc 1075 Finchley Road LONDON NWII OPU 311512026 io-
DoGUSign Envelope ID". BF287718-2BOD.80DA-826A-2AA2EB089E33 TALMUD TORAH D'CHASIDEI GUR LIMITED COMPANY LIMITED BY GUARANTEE STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) YEAR ENDED 31 JULY 2025 2025 RcstriLt¢d runds Total funds Total funds 2024 Unr¢striLt¢d funds Note Income and elldowmenls Donations and legacies c.haritable activities Investment incoine ?30,417 1,090,146 95,639 1,416,202 ?30,417 1,157,400 95,639 1,483,456 67,254 1.178,939 96,494 1,457,442 Total ineome Expenditure Expenditur¢ on raising fuiids.. Costs of raisiiig doiialions and lega¢ies Expenditure on charitable activities Total expenditure 25,150 1,307,196 25,150 1,374,450 19,581 1,582,809 9,10 67,254 1,332,346 67,254 1,399,600 1,602,390 Net income/{expenditure) and net ovement in funds 83,856 83,856 (144,948) Reconeiliation of funds Totsl funds brought forward Total funds carried forward 555,211 555,211 700,159 555.211 639,067 639,067 The 5tat¢tncnt of financial activitics includcs all gains and losses rccogniscd in thc ycar. All inLomc and exp¢nditure dcrive froiii continuing aLtivities. The llotes on pages 14 to 22 form part of these financial statements.
DoGUSign Envelope ID". BF287718-2BOD.80DA-826A-2AA2EB089E33 TALMUD TORAH D'CHASIDEI GUR LIMITED COMPANY LIMITED BY GUARANTEE STATEMENT OF FINANCIAL POSITION 31 JULY 2025 2025 2024 Note FIXED ASSETS Tangibl¢ fixed assets CURRENT ASSETS Debtors Cash at bank and in hand 15 1,968.270 1,970,884 16 32.222 15,444 38,289 23,837 47,666 62,126 CRF.DITORS: amounts falling due within one ye#Y NET CURRENT LIABILITIES 17 (1,100,097) (1,176,723) (1,052,431) (1,114,597) TOTAL ASSETS LESS CURRENT LIABILITIES 915,839 856,287 CREDITORS: amounts falling due after more tban one year 18 (276.77• 639,067 {301,076) 555911 Tr4ET ASSETS FUNDS OF THE CHARITY Unrestricted funds 639,067 555,211 Total charity funds 20 639,067 555,211 These financial statements have been prepared in accordance with the provisions applicable to companies subject lo the small companies, regime. These financial statements were approved by the board of trustees and authorised for issue on .3.1151?Q2fj......., and are signed on behalf of the board by= SWby'. SkJMdty.' SE ec Trustee 4ÈDFeA14CO. Trustee The llotes on pages 14 to 22 form part of these financial statements. 12
DoGUSign Envelope ID". BF287718-2BOD.80DA-826A-2AA2EB089E33 TALMUD TORAH D'CHASIDEI GUR LIMITED COMPANY LIMITED BY GUARANTEE STATEMENT OF CASH FLOWS YEAR ENDED 31 JULY 2025 2025 2024 CASH FLOWS FROM OPEIL4TING ACTIVITIES Net iiicomel{expeiiditure) AdjuJlFnen13.fur.' Depreciation of tangibl¢ fixed assets Dividends, interest and rents from investments Other interest receivable and similar income Interest pavable and sitnilar charges Accrued {income)lexpenses Changes ip7.' Tradc and othcr dcbtors .1 rad¢ and other crcditors 83,856 (144,948) 4,614 {95,280) {359) 25,479 (5,191) 4,314 (96,494) 28,635 3,391 6.067 (71,434) (52,248) (38 ?89) 186,169 Cash generated from operations Interesr paid Interest re¢eiv¢d (57,222) {25,479) 359 (28,635) Net cash used in operating activities (77,368) (85,857) CASH FLOWS FROM INVESTING ACTIVITIES Dividends, interest and rents trom investments Purchase of tangible assets Net cash frotn investing activities 95,280 (2,000) 96,494 (18,261) CASH FLOWS FROM FINANCING ACTIVITIES Procccds from borrowings Net cash us¢d in financing aLtivitics {?4.305) {24.J05) (?6,044) (26,044) NET DECREASE IN CASH ALYD CASH EQUIVALEwrs CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR CASH AND CASH EQUIVALENTS AT END OF YEAR (8,J93) 23,837 (33,668) 57,505 15,444 23,837 The llotes on pages 14 to 22 form part of these financial statements. 13
DoGUSign Envelope ID". BF287718-2BOD.80DA-826A-2AA2EB089E33 TALMUD TORAH D'CHASIDEI GUR LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 JULY 2025 GENEIUL INFORMATION The charity is a public benefit entity and a private coinpany limited by guarantee, registered in En¥land and Wal¢s and a rcgist¢r¢d Lharity in England and Wal¢s. Thc addrcss of thc rcgist¢r¢d office is 17 Margaret Road, London, N16 6UX. STATEMENT OF COMPLIANCE These financial slatem¢nls ha¢ been prepared in ¢omplian¢e wilh FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the 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) (Charities SORP (FRS 102)) and the Companies Act 2006. ACCOUNTING POLICIES Basis of preparation The financial statements have been prepared on the historical cost basis, a5 tnodified by the r¢i'aluation of certain financial asscts and liabilitlcs and invcstmcnt propcrtics tn¢asurcd at fair value through income or expenditure. The financial stateineiits are prepared in sterling, which is the functional currency of the entity. Going concern The financial siaiements have been prepared in ac¢ordanc¢ with the a¢counling principles appropriate to a going concern, as the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the toreseeable future by meeting its liabilities as they fall due, based on the net current asset position of the charity and available sources of finance. Pllblie benefit The charity constitutes a public benefit entity as defined by FRS 102. Fllnd aceounting Unrestricted funds are available for use at the discretion of the trustees to further any of the Lharity's purpuses. Designated funds are unrestricted funds earinarked by the trustees for particular future project or ¢omniitment. Reslri¢t¢d funds are subj¢¢t¢d lo reslriciions on their expenditure de¢lar¢d by the donc)r or through the terms of an appeal, and fall into one of two sub-classes.. restricted income funds or endowment funds. 14-
DoGUSign Envelope ID". BF287718-2BOD.80DA-826A-2AA2EB089E33 TALMUD TORAH D'CHASIDEI GUR LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL ST ATEMENTS fcontinried) YEAR ENDED 31 JULY 2025 ACCOULYfING POLICIES (eoAiittAed) Incoming resollrees All iiicoming rc50urces arc ittcludcd in the statcincnt of finattcial activities whcn entitlcincnt has passed to the charity; it is probable that the economic b¢i)cfits associated with the transaction will flo, to the charity aiid the amouiit cali be reliably measured. The following specific policies are applied to parti¢ular categories of in¢ome'. incoine from donations or grants is recognised M,hen there is evidence of entitlement to the gift, r¢c¢ipt is probable and it8 amount ¢&n be meaqur¢d reliably. legacy income is recognised when receipt is probable and entitlement is established. incoinc from donated goods is tncasured at the fair valuc of thc good5 unlcss this is impractical to measure reliably, in ii,hich case tlie value is derived from the cost to the doiior or the ¢stimaled resale value. Donated facilities and servi¢es are re¢i)gnis¢d in th¢ a¢counts 'hen re¢eived if the value can be reliably measured. No amounts are included for the contribution of general volunteers. in¢om¢ from ¢ontra¢ts for the supply of s¢rvi¢¢s is r¢¢ognis¢d with th¢ d¢liv¢ry of th¢ contracted service. This is classified as unrestricted funds iinless there is a contractual requirerllent tor it to be spent on a particular purpose and returned if unspent, in which case it Inay be regarded as restricted. Resour¢es expended Expenditure is charged on an accrual basis and allocated to the appropriate headings in the accounts. The majority of costs are directly attributable to specific activities. Costs incurred in respect of the Charitable activitics include clciiicnts of staff costs and attributable support Losts Support costs Suppc)rt costs are those costs which are cominon to all areas of the organisation. These allo¢aled a¢ross all areas of a¢livity on the basis of the number of setwi¢¢ users for each a¢tivity. Governance costs Governance costs are associated with the governance arrangements of the charity, and relate to the general rlinning of the charity. These costs include audit, legal advice for Trustees and costs associated w'ith meeting constitutional and statutory requirements such as the cost of Trustee meetings and the preparation of the statutory accounts. Tangible assets Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulatcd deprcciation and impairment losses. Any tangible assets carricd at revalued amounts ar¢ r¢cord¢d at thc fair valuc at thc datc of r¢valuation l¢ss any subscqu¢nt aLLUtnulatcd depreciation and subsequent accumulated iiiipairnient losses. 15-
DoGUSign Envelope ID". BF287718-2BOD.80DA-826A-2AA2EB089E33 TALMUD TORAH D'CHASIDEI GUR LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL ST ATEMENTS fcontinried) YEAR ENDED 31 JULY 2025 ACCOULYfING POLICIES (eoAiittAed) Tiingible assets (eon11nej An incrcase in thc catrying amount of an a5S¢t as a result of a reiwaluation, is rccognised in othcr recognised gains and losses, unless it rei'erses a Lharge for iinpairm¢nt that lias pr¢viousl}' been re¢ognis¢d as ¢xp¢ndilure within the statement of finan¢ial acrivities. A de¢rease in the carying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it otTsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities. Depreciation Depreciation is calculaled so as to ivrite off the cost or valuation of an asset, less its residual value, over the useful econotnic life of that asset as follows.. Fixtures and Fittings Impairment of fixed iissets A rei'iew for indicators of itllpairnient is catTied out at each reporting date, w'ith the recoverable amount bcing cstitllat¢d whcrc suLh indicators cxist. Whcrc th¢ Larrying valu¢ cxL¢¢ds thc recoverable ainounl, th¢ asset is impaired accordingly. Prior impairinenls are also reiiiewed for possible reversal al ¢a¢h reporting date. For the purposes of impairment testing, when il is not possibl¢ to ¢slimale the re¢overabl¢ amount of an individual asset, an estimate is made of the reCO.erable amount of the cash- generating unit to w,hich the asset belongs. The cash-generating unit is the smallest identitiable group of assets that includes the asset and generates cash infloivs that largely independent of the cash inflows frotll other assets or groups of assets. For inipairtnent testing of goodwill, the good.11] acquircd in a business coinbination is, from the acquisition datc, allocat¢d to each of the cash-g¢n¢rating unit5 that are cxpcctcd to beiicfit frotll the synergies of the combiiiation, irrespectii'e of whether c)ther assets or liabilities of the Charity are assigned to those units. Finallcial instruments A financial asset or a finan¢ial liability is re¢ognis¢d only when th¢ ¢harity b¢¢omes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs. Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Debt instruments are subsequently tneasured at amortised cost. Where investments in shares are publicly traded or their fair value can otherwise be measured r¢liably, th¢ invcstm¢nt is subs¢qu¢ntly mcasur¢d at fair valuc with chan¥cs in fair i'alue recognised irt incoiiie and expenditure. All other such investments are subsequently measured at ¢osi less impairinent. 16-
DoGUSign Envelope ID". BF287718-2BOD.80DA-826A-2AA2EB089E33 TALMUD TORAH D'CHASIDEI GUR LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL ST ATEMENTS fcontinried) YEAR ENDED 31 JULY 2025 ACCOULYfING POLICIES (eoAiittAed) Financial instruments ieoniittej Othcr financial instruincnt5, including dcrivativcs, arc initially rccogniscd at fair value. unless payment for an asset is d¢f¢rred beyond nomial business terms or finaiiLed at a rate of interest rhat is nor a market rate, in M,hich case the asset is measured at the present value of th¢ future payments discounted at a mark¢t rate of interest for a similar debt instruinent. Other financial instruinents are subsequently Ineasured at fair alue, '1th any changes recognised in the statement of financial activities, with the exception of hedging instrliments in a designated hedging relationship. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairtnent, an impairtllcnt loss is recognis¢d under the appropriatc hcading in the statetnent of financial activitics ill whiLh thc initial gaiii was r¢cognis¢d. For all equity instruments regardless of significance, and other financial assets that are individiially significant, these are assess¢d individually for impairment. Orh¢r fin&n¢ial assets are either assessed individually or grouped on the basis of similar credit risk ¢haracteristi¢s. Any reversals of impaim)ent are recognised immediately. 10 the extent that the reversal does not result in a carying amount of the financial asset that exceeds i¥hat the carr}'ing amolint M'ould have been had the impairment not previously been recognised. Defined Contribution plans c.ontributions to defined contribution plans are recognised as an expense in the period in which the related serN'ice is provided. Prepaid contributions are recognised as an asset to the extent that thc prcpayiiicnt .11] lead to a rcduction in futurc paytnents or a cash rcfuiid. Whcn contributions arc not cxpcctcd to bc settled wholly within l ? tllonths of th¢ end of thc reporting date in which the emplc)yees render the related service, the liability is measured on a discounted pr¢s¢nl value basis. Th¢ unwinding of Ihe dis¢ount is recognised as an expense in th¢ period in which it arises. LIMITED B Y GUAIL4IYTEE The charity is a companv limited by guarantee and has no share capital. The liability of each member in the event of winding up is limited to £1. DONATIONS AND LEGACIES Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds ?024 DONATIONS Donalions 230,417 230.417 182.009 182,009 17
DoGUSign Envelope ID". BF287718-2BOD.80DA-826A-2AA2EB089E33 TALMUD TORAH D'CHASIDEI GUR LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL ST ATEMENTS fcontinried) YEAR ENDED 31 JULY 2025 CIL4RITABLE ACTIVITIES Unrestricted Funds Restricted Total Fllnds Funds 2025 Par¢ntal ¢ontribu¢ions Grants 726,356 363,790 726,356 431,044 67,254 1,090,146 67,254 1,157,400 Unrestricted Funds Restricted Total Funds Funds 2024 Parental contributions Grants 764.972 353.123 764,972 41J.967 60,844 1,118,095 60,844 1,178,939 INVESTMETr4T INCOME Unreslricled Total Funds Unreslricled Total Funds Funds 2U25 Funds 2024 Rental income Bank interest receivable 95,280 359 95,280 359 96,494 96,494 95,639 95,639 96,494 96,494 COSTS OF RAISING DONATIONS AND LEGACIES Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Fundraising cosls 25.150 25,150 19.581 19,581 EXPELYDITURE OTr4 CIL41UTABLE ACTIVITIES BY FUND TYPE Unrestricted Funds Restricted Total Funds Funds 2025 Provision of education and relief of poverty Support costs 935 ?46 371.950 935,246 439.?04 67.?54 1,307.196 67.254 1,374,450 Unrcstrictcd unds Rcstrictcd Total Funds Funds 2024 Provision of education and relief of poverty Support costs 1,143,646 378,318 1,143,646 439,163 60,844 1,521,964 60,844 1,58?,809 18-
DoGUSign Envelope ID". BF287718-2BOD.80DA-826A-2AA2EB089E33 TALMUD TORAH D'CHASIDEI GUR LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL ST ATEMENTS fcontinried) YEAR ENDED 31 JULY 2025 10. EXPENDITURE ON CIL4RITABLE ACTIVITIES BY ACTIVITY TYPE Activities undcrtakcn Grant funding directly of activities Support costs Total funds 2025 Total fund 2024 Provision of ¢du¢aiion and relief of poverty Governance costs 870,7?6 64,520 417,957 21,246 1,353,203 21,246 1,567,507 15,302 870,726 64,520 439,203 1,374,449 1.58?,809 Grants were paid to charities Trvhose objects are in line with the objects of this charity and include the adN'ancement of education and traii)ing, and the relief of poverty. 11. NET INCOMEI(EXPENDITURE) Net incomellexpenditure) is stated after chargingl(crediting)'. 2025 2024 Depreciation of tangible fixed assets 4,614 4,314 12. AUDITORS REMUNERATION 2025 2024 Fees payabl¢ for th¢ audit of th¢ finan¢ial statements 14,400 15,300 13. STAFF COSTS The total staff costs and employee benefits for the reporting period are analysed as follows.. 2025 Wages and salaries Social security costs Employer contributions to pension plans 548,439 2,303 9.?10 567,582 7.541 2.433 559,952 577,556 Thc av¢rag¢ hcad count of ¢tnployecs during the year was 62 (2024.. 80}. No employee received employee benefits of iiiore than £60,000 during the year (2024.. Nil). 14. TRUSTEE REMUNEIL4TION AND EXPETr4SES There was no remuneration paid to the trustees. The charity did not meet any individual expenses in¢urr¢d by the trust¢¢s for s¢rvic¢s provided lo th¢ ¢harity. 19-
DoGUSign Envelope ID". BF287718-2BOD.80DA-826A-2AA2EB089E33 TALMUD TORAH D'CHASIDEI GUR LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL ST ATEMENTS fcontinried) YEAR ENDED 31 JULY 2025 15. TANGIBLE FIXED ASSETS Freehold Fixtures and prop¢rty fittin¥s Total Cost At l August 2024 Additions 1,950,000 116,482 2,000 2,066,482 ?,000 Ai 31 July 2025 Depreciation At l August 2024 Charge for the year Ai 31 July 2025 Carrying amount At 31 July 2025 At 31 July 2024 1,950,000 118,482 2,068,482 95,598 4.614 95.598 4.614 100.212 100,212 1,950,000 18,270 1,968,270 1,950,000 20,884 1,970,884 Included in cosl or valuation of land and buildings is freehold land of £1,950,000 (2024.. £1,950,000) which is not depreciated. The freehold investment property is shown at the Directors valuation at 31 July 2025 based on a professional valuation carried out in November ?022. The historical cost of the property is £1.583,214 (2024.. £1.583,214)- 16. DEBTORS 2025 2024 Other debtors 38,289 17. CREDITORS: amounts falling due within one year 2025 2024 Bank loans and ovcrdrafts Accruals and deferred income So¢ial se¢urily and oiher taxes Other creditors 33,800 14,400 12,0?2 1,039,875 33,801 19,591 12,022 1,111,309 1,100,097 1,176,7?3 -20-
DoGUSign Envelope ID". BF287718-2BOD.80DA-826A-2AA2EB089E33 TALMUD TORAH D'CHASIDEI GUR LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL ST ATEMENTS fcontinried) YEAR ENDED 31 JULY 2025 18. CREDITORS: amounts fiilling due after more than one year 2025 2024 Bank loans and overdrafts 276,772 301.076 19. PENSIONS AND OTHER POST RETIREMENT BENEFITS Defined contribution plans The ainount recognised in income or expenditure as an expense in latiOn lo defined ¢ontribulion plans was £9,210 (2024.. £2,433). 20. ANALYSIS OF CEL41UTABLE FULYDS Unrestricted fund5 Atl AugLlSt 20?4 At31 July 2025 Income Expenditure General funds 555911 1,416 ?02 (1,332,346) 639,067 Atl August 2023 At31 July 2024 In¢ome Expenditure G¢n¢ral funds 700,159 1,396,597 (1,541,545) 555,211 Restricted funds Atl August At31 July 2025 Income Expenditure School 67.254 (67 •54) Atl August 2023 At31 July 2024 Jn¢om¢ Exp¢nditur¢ School 60,844 (60,844) 21
Docusig n Envelope I D: BF2877 1 8-2 B0D-80 DA-826A-2AA2 EB089E33
TALMUD TORAH D'CHASIDEI GUR LIMITED
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 31 JULY 2025
2 1 . ANALYSIS OF CHANGE S IN NET DEBT
| At | At | |||
|---|---|---|---|---|
| 1 Aug 2024 | Cash flows | 3 1 Jul 2 02 5 | ||
| £ | £ | £ | ||
| Cash | at bank and in hand | 23 ,83 7 | (8,393) | 1 5.444 |
| Debt | due within one year | (33 ,80 1 ) | 1 | (33,800) |
| Debt | due afer one year | (3 0 1 ,076) | 24,304 | (276,772) |
| (3 1 1 ,040) | 1 5,9 1 2 | (295, 1 28 ) |
22 . RELATED PARTIE S
Inc luded in Other Creditors (Note 1 7) are interest free loans total ling £5 8 9,3 82 due to companies of wh i ch certain of the trustees of th i s charity are d irectors and £3 0, 000 due to certain trustees .
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