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 re￿IeThed 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 su￿1¢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 fr￿me￿'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 (eon11n￿e￿j
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 ieoniitt￿e￿j
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 . 

**- 22 -**