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REGISTERED COMPANY NUMBER: 07455606 (England and Wales) REGISTERED CHARITY NUMBER: 1146507
Report of the Trustees and
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Financial Statements for the Year Ended 31 March 2025
for King David and Harold House Foundation
DJH Audit Limited Statutory Auditor 3rd Floor Pacific Chambers 11-13 Victoria Street Liverpool Merseyside L2 5QQ ,
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King David and Harold House Foundation
Contents of the Financial Statements for the Year Ended 31 March 2025
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Page Report of the Trustees 1 to 3 Report of the Independent Auditors 4 to 6 Statement ofFinancial Activities 7 Statement ofFinancial Position 8 Notes to the Financial Statements 9 to 15 Detailed Statement of Financial Activities 16 to 17
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King David and Harold House Foundation
Report of the Trustees for the Year Ended 31 March 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 March 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 objectives of the Foundation are to:
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a) Provide or maintain or to assist in the provision or maintenance of schools in which religious instruction shall be given with the principles of the Jewish faith;
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b)} Promote the education of persons under the age of 25 years, who are or have at any time been in attendance at any school provided, maintained, or assisted by the Foundation or who are of the Jewish faith and who are in need of financial assistance, by encouraging such persons to study the history, culture and religion ofthe Jewish people and the Hebrew language and literature, or in any other way;
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c} To promote the educational, physical and social development of Jewish youth; d) To provide or assist in the provision of facilities in the interests of social welfare for recreation or other leisure time occupation of individuals who have need of such facilities by reason of their youth, age infirmity or disability, financial hardship or social circumstances with the object of improving their conditions of life. without prejudice to the generality of the above in particular to provide facilities for the Jewish community.
Significant activities
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The Foundation's essential function is to raise and administer the funds needed to support the King David Schools. The funds raised go to support Jewish education and to contribute to the maintenance of the new King David Campus.The Foundation however does more than this and also provides funds that enable the schools to provide additional teaching capacity and help with the shortfalls in the budget wherever possible.
FINANCIAL REVIEW
Financial position
The charity made deficit in the year of £46,429 (2024: deficit of £47,787), with reserves of £41,269,846 (2024: £41 316,275) at the year end.
Principal funding sources
The principal funding comes from members ofpublic in the area.
Reserves policy
It is policy to maintain a balance on current unrestricted funds which equates to at least four months total expenditure, equivalent to approximately £165,000 to cover emergency situations that may arise from time to time. The balance of unrestricted funds at the period end did not meet this target.
Going concern
The Kindergarten continues to make a profit which enables the Foundation to continue to honour its responsibilities to the schools despite the gradual reduction in parental voluntary contributions. The introduction ofGDPR Regulations has impacted the Foundation's ability to sustain the level of contributions previously received.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
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The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
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King David and Harold House Foundation
Report of the Trustees
for the Year Ended 31 March 2025
STRUCTURE, GOVERNANCE AND MANAGEMENT
Recruitment and appointment of new trustees
In the event that a trustee permanently retires or additional new trustees are required, the Board sets up a nominations sub-committee to recruit the new trustee(s).
Organisational structure
The Board of the Foundation consists of four Ordinary Trustees and three Exoficio Trustees, namely the Chair of the Governors of the King David High School, the Chair of the Governors of the King David Primary School and the Chair of the Liverpool Jewish Community Centre or their nominees. The Board meets at least bi-monthly.They report on any changes to their school and business plans and developments.
Induction and training of new trustees
The induction process for any newly-appointed trustee comprises an initial meeting with the Chair and the Board, followed by a series of short meetings with the Chief Executive. The welcome pack includes a brief history of the company, copy Board and sub-committee minutes, a copy of the last three years' annual report and accounts and a copy of the Memorandum and Articles of Association.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 07455606 (England and Wales)
Registered Charity number 1146507
Registered office 120 Childwall Road Liverpool L15 6WU
Trustees L Lesin-Davis AK Lewis M Hayward J Reuben Treasurer & Chairman N Adler J Levensohon
Company Secretary S Heaps
Auditors DJH Audit Limited Statutory Auditor 3rd Floor Pacific Chambers 11-13 Victoria Street Liverpool Merseyside L2 5QQ ,
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King David and Harold House Foundation
Report of the Trustees for the Year Ended 31 March 2025
PUBLIC BENEFIT REQUIREMENT
The trustees of King David and Harold House Foundation confirm that they have complied with their duty to have due regard to the guidance on public benefit published by the Charity Commission in exercising their powers or duties.
STATEMENT OF TRUSTEES' RESPONSIBILITIES
The trustees (who are also the directors of King David and Harold House Foundation 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). 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 Jaw 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
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent; ;
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- 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.
Tn so far as the trustees are aware:
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thereis no relevant audit information of which the charitable company's auditors are unaware; and
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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.
AUDITORS
The auditors, DJH Audit Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. Approved by order ofthe board oftrustees on es 0 OS... and signed on its behalf by:
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J Reuben - Trustee
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Report of the Independent Auditors to the Members of King David and Harold House Foundation
Opinion
We have audited the financial statements of King David and Harold House Foundation (the ‘charitable company’) for the year ended 31 March 2025 which comprise the Statement of Financial Activities, the Statement of Financial Position 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).
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In our opinion the financial statements:
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give a true and fair view of the state of the charitable company's affairs as at 31 March 2025 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended:
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- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and - have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for 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 ofthe charitable company in accordance with the ethical requirements that are relevant to our audit ofthe 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 ofthe 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. ; a
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 ofthe Independent Auditors thereon,
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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:
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the information given in the Report ofthe Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and
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- the Report ofthe Trustees has been prepared in accordance with applicable legal requirements.
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Report of the Independent Auditors to the Members of King David and Harold House Foundation
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:
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adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us; or
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the financial statements are not in agreement with the accounting records and returns; or
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certain disclosures of trustees' remuneration specified by law are not made; or
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we have not received all the information and explanations we require for our audit; or
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the trustees were not entitled to take advantage of the small companies exemption from the requirement to prepare a Strategic Report or in preparing the Report ofthe Trustees.
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.
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:
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Identifying and assessing the design effectiveness of controls management has in place to prevent and detect fraud;
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- Understanding how those charged with governance considered and addressed the potential for override of controls or other inappropriate influence over the financial reporting process;
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- Reviewing financial statements disclosures and testing to supporting documentation to assess compliance with applicable law and regulations; ,
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- Challenging assumptions and judgements made by management in its significant accounting estimates; - Depreciation of fixed assets: we carried out a review and recalculation of depreciation;
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Prepayments: we carried out a review and recalculation ofprepayments to assess its appropriateness for inclusion within
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- the financial statements; and
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Accruals: we carried out a review and recalculation of accruals to assess its appropriateness for inclusion within the
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- financial statements.
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Identifying and testing journal entries, in particular any journal entries posted with unusual account combinations.
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Report of the Independent Auditors to the Members of King David and Harold House Foundation
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Our audit did not identify any significant matters relating to the detection of irregularities including fraud. However, despite the audit being planned and conducted in accordance with ISAs (UK) there remains an unavoidable risk that material misstatements in the financial statements may not be detected owing to inherent limitations of the audit, and that by their very nature, any such instances of fraud or irregularity likely involve collusion, forgery, intentional misrepresentations, or the override of internal controls.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.fic.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.
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.
Michael Forshaw (Senior Statutory Auditor) for and on behalf of DJH Audit Limited Statutory Auditor 3rd Floor Pacific Chambers
11-13 Victoria Street Liverpool Merseyside , L2 5QQ Date: Urls.
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King David and Harold House Foundation
Statement ofFinancial Activities for the Year Ended 31 March 2025
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|31.3.25|31.3.24|
|Unrestricted|Restricted|Total|Total|
|funds|funds|funds|funds|
|as restated|
|Notes|£|£|£|£|
|INCOME|AND ENDOWMENTS FROM|
|Donations|and|legacies|39,154|-|39,154|46,878|
|Other trading|activities|3|414,089|-|414,089|389,687|
|Investment income|4|1,781|-|1,781|-|
|Total|455,024|-|455,024|436,565|
|EXPENDITURE|ON|
|Raising funds|70,408|-|70,408|51,213|
|Charitable|activities|
|Charitable|activities|431,045|-|431,045|433,139|
|Total|501,453|-|501,453|484,352|
|-|NET INCOME/EXPENDITURE)|(46,429)|-|(46,429)|(47,787)|
|Other recognised|gains/(losses)|-|=|
|Gains|on revaluation of fixed assets|.|-|-|-|3,034,343|
|Net movement in funds|(46,429)|“|(46,429)|2,986,556|
|RECONCILIATION OF FUNDS|
|Total|funds brought forward|41,312,158|4,117|41,316,275|38,329,719|
|TOTAL FUNDS CARRIED FORWARD|41,265,729|4,117|41,269,846|41,316,275|
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The notes form part of these financial statements
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King David and Haroid House Foundation
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|Statement|of|Financial|Position|
|31|March|2025|
|31.3.25|31.3.24|
|Unrestricted|Restricted|Total|Total|
|funds|funds|funds|funds|
|as|restated|
|Notes|£|£|£|£|
|FEXED ASSETS|
|Tangible|assets|9|41,200,000|-|41,200,000|41,200,000|
|Heritage assets|10|69,907|-|69,907|69,907|
|41,269,907|-|41,269,907|41,269,907|
|CURRENT|ASSETS|
|Debtors|i]|15,489|-|15,489|29,709|
|Cash|at|bank|and|in|hand|45,385|4,117|49,502|74,892|
|60,874|4,117|64,991|104,601|
|CREDITORS|
|Amounts|falling due|within|one year|12|(65,052)|-|(65,052)|(58,233)|
|NET CURRENT|ASSETS|(4,178)|4,117|(61)|46,368|
|TOTAL ASSETS|LESS CURRENT|LIABILITIES|41,265,729|4,117|41,269,846|41,316,275|
|NET|ASSETS|41,265,729|4,117|41,269,846|41,316,275|
|FUNDS|13|
|Unrestricted|funds|41,265,729|41,312,158|
|Restricted|funds|4,117|4,117|
|TOTAL FUNDS|41,269,846|41,316,275|
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These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
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The financial statements were approved by the Board of Trustees and authorised for issue on 2 signed on its behalf by:
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The notes form part of these financial statements
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King David and Harold House Foundation
Notes to the Financial Statements for the Year Ended 31 March 2025
- STATUTORY INFORMATION
King David and Harold House Foundation is a private company, limited by guarantee, registered in England and Wales. The company's registered number and registered office address can be found on the Trustees Report.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
King David and Harold House Foundation meets the definition of a public benefit entity under FRS 102.
- 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, as modified by the revaluation of certain assets,
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.
Government grants
Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.
Expenditure
Liabilitics 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.
Tangible fixed assets
Depreciation is not charged on the frechold property as the trustees consider the asset to have a high residual value which removes the need for depreciation. Instead it is valued regularly in line with the Charities SORP, this ensures that the carrying amount does not differ materially from the fair value. Valuation is completed by Ecclesiastical and is based on an assessment of the approximate cost, using techniques and materials that allow the buildings to be sympathetically repaired or replaced in a similar form to the existing structure, using materials that are substantially the same as the original, but which may not be of the same period.
Heritage assets
These assets relate to religious scrolls, books and artefacts donated to the foundation and accordingly they are included in the balance sheet at valuation. It is the foundation's policy to maintain the items in a good state of repair and expenditure incurred in order to preserve such assets is recognised in the statement of financial activities as it is incurred. The residual balance of these assets is considered each year and depreciation is charged if required.
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King David and Harold House Foundation
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Notes to the Financial Statements - continued
for the Year Ended 31 March 2025
- 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.
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|3.|OTHER TRADING ACTIVITIES|
|31.3.25|31.3.24|
|as|restated|
|£|£|
|Miscellaneous|income’|22|12|
|Kindergarten income|413,947|389,555|
|Appeal income|120|120|
|414,089|389,687|
|4,|INVESTMENT INCOME|||
|-|:|31.3.25|31,3,24|
|as|restated|
|£|£|
|Deposit account|interest|1,781|-|
|5.|NET INCOME/(EXPENDITURE)|
|Net income/{expenditure)|is|stated|after charging/(crediting):|
|31.3.25|313.24|
|as restated|
|£|£|
|Auditors' remuneration|7,200|6,900|
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Notes to the Financial Statements - continued for the Year Ended 31 March 2025
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King David and Harold House Foundation
- TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.
Trustees’ expenses
There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.
- STAFF COSTS
The average monthly number of employees during the year was as follows:
| 31.3.25 | 31.3.24 | ||||
|---|---|---|---|---|---|
| asrestated | |||||
| Education | 14 | 14 | |||
| Administration | 1 | i | |||
| 15 | 15 | ||||
| No employees receivedemolumentsinexcessof£60,000. | |||||
| 8. | PRIORYEARADJUSTMENT | ° |
A prior year adjustment has been made in relation to the reclassification of certain items from Raising Donations and Legacies to Charitable Activities, to better reflect their nature. Comparative figures have been restated, with no change fo the overall net movement in funds.
- TANGIBLE FIXED ASSETS
| TANGIBLE FIXED ASSETSFIXED ASSETSASSETS | |
|---|---|
| Freehold | |
| property | |
| £ | |
| COSTORVALUATION | |
| At 1 April2024 and31 March2025 | 41,200,000 |
| NETBOOKVALUE | |
| At 31 March2025 | 41,200,000 |
| At31March2024 | 41,200,000 |
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King David and Harold House Foundation
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
9, TANGIBLE FIXED ASSETS - continued
Cost or valuation at 31 March 2025 is represented by:
.
| Freehold | |||
|---|---|---|---|
| property | |||
| ‘ | |||
| Valuation in 2018 | ; | 29,774,744 | |
| Valuation in2019 | 952,840 | ||
| Valuation in2020 | . | 460,913 | |
| Valuation in2021 | 592,581 | ||
| Valuation in2022 | 3,450,173 | ||
| Valuation in2023 | 2,939,906 | ||
| Valuationin2024 | 3,028,843 | ||
| 41,200,000 | |||
| 10. | HERITAGEASSETS | ||
| Total | |||
| £ | |||
| MARKETVALUE | |||
| At 1 April2024 and31 March2025 | 69,907 | ||
| NETBOOKVALUE | |||
| At 31 March2025 | 69,907 | ||
| At31March2024 | 69,907 |
These assets relate to religious scrolls, books and artefacts. Cost or valuation at 31 March 2025 is represented by: ° Heritage asset 1 £ Valuation in 2022 6,317 Valuation in 2023 4,549 Cost 59,041 69,907
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King David and Harold House Foundation
Notes to the Financial Statements - continued
for the Year Ended 31 March 2025
11, DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
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|31.3.25|31.3.24|
|as|restated|
|£|£|
|Prepayments & other debtors|14,073|27,910|
|Gift aid reclaimed|1,416|1,799|
|15,489|29,709|
|12.|CREDITORS:|AMOUNTS FALLING DUE WITHIN ONE YEAR|
|31.3.25|31.3.24|
|as|restated|
|£|£|
|Other|creditors|60,437|54,189|
|Social|security and other taxes|4,615|4,044|
|65,052|58,233|
|13.|MOVEMENT IN FUNDS|
|Net|
|movement|.|
|°|.|;|At|1.4.24|in|funds|At 31.3.25|
|-|Unrestricted funds|~~|-|=|aE ep|ee|SR|ne RR|ee|
|General fund|_|oo|--|.|5|41312158|(46,429)|41,265,729|
|:|—|
|Restricted|funds|
|Beth David Fund|3,617|-|3,617|
|Jewish Enrichment New Campus|500|-|500|
|4,117|-|4,117|
|TOTAL FUNDS|41,316,275|(46,429)|41,269,846|
|Net movement|in funds,|included in the|above|are|as|follows:|
|Incoming|Resources|Movement|
|resources|expended|in funds|
|£|£|£|
|Unrestricted funds|
|General fund|455,024|(501,453)|(46,429)|
|TOTAL FUNDS|455,024|(501,453)|(46,429)|
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Notes to the Financial Statements - continued for the Year Ended 31 March 2025
- MOVEMENT IN FUNDS- continued
Comparatives for movement in funds
| Net | ||||||||||
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| movement | ||||||||||
| At 1.4.23 | infunds | At31.3.24 | ||||||||
| £ | £ | £ | ||||||||
| Unrestricted funds | ||||||||||
| General fund | 38,325,602 | 2,986,556 | 41,312,158 | |||||||
| Restricted funds | ||||||||||
| BethDavid Fund | 3,617 | - | 3,617 | |||||||
| Jewish EnrichmentNewCampus | 500 | - | 500 | |||||||
| 4,117 | - | 4,117 | ||||||||
| TOTALFUNDS | 38,329,719 | 2,986,556 | 41,316,275 | |||||||
| Comparative netmovement infunds, included | intheabove are as follows: | |||||||||
| lin. | Co | Sdgtagt ede BERET | A packs | 2 ees |
Incoming resgurces |
Resources expended |
Gainsand losses |
Movement in funds |
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| "Generalfund | > | ee | en | 436,5652 | 248485294" | 48485294" | 3,034,343 | 2,986,556 | ||
| TOTALFUNDS | 436,565 | (484,352) | 3,034,343 | 2,986,556 | ||||||
| Analysisofnet assets betweenfunds-Previous year | ||||||||||
| Unrestricted funds |
Restricted funds |
Total | ||||||||
| Fixed assets | 29,811,244 | - | 29,811,244 | |||||||
| Current assets | 159,888 | 4,117 | 164,005 | |||||||
| Creditors fallingduewithin | withinoneyear | (53,001) | - | (53,001) | ||||||
| 29,918,131 | 4,117 | 29,922,248 |
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King David and Harold House Foundation
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
14. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2025.
15. WINDING UP OR DISSOLUTION OF THE FOUNDATION
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The foundation is a company limited by guarantee and has no share capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity.
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King David and Harold House Foundation
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|---|---|---|---|---|---|---|---|---|---|
|Detailed Statement|of Financial|Activities|
|for the|Year Ended|31|March 2025|
|31.3.25|31.3.24|
|as restated|
|£|£|
|INCOME|AND ENDOWMENTS|
|Donations|and|legacies|
|Foundation|contributions|9,421|11,304|
|General|contributions|23,252|27,706|
|Tax reclaimed|6,455|7,842|
|Subscriptions|26|26|
|39,154|46,878|
|Other trading|activities|too|
|.|-|Miscellaneous|income|:|a|ToT|se|22|12|
|Kindergarten income|413,947|389,555|
|Appeal income|120|120|
|414,089|389,687|
|Investment income|
|Deposit account interest|_|-|:|:|1,781|-|
|Total incoming resources|Bm|es om|mes|| ,|455,024|436,565|
|EXPENDITURE|
|:|—|:|:|
|Raising donations|and|legacies|
|Wages|28,454|25,938|
|Social|security|1,943|2,341|
|Insurance|5,381|2,302|
|Campus recharges|25,236|11,941|
|Telephone|§34|377|
|Postage,stationery and|advertising|814|1,636|
|Affiliation|fee|602|103|
|Computer|expenses|7,307|6,425|
|Bank charges|137|150|
|70,408|51,213|
|Charitable|activities|
|Wages &|Grants|288,604|319,711|
|Carried forward|288,604|319,711|
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King David and Harold House Foundation
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|Detailed|Statement|of|Financial|Activities|
|for|the|Year Ended|31|March 2025|
|31.3.25|31.3.24|
|as|restated|
|£|£|
|Charitable|activities|
|Brought forward|288,604|319,711|
|Social|security|18,923|8,918|
|Kindergarten equipment and miscellaneous|44,163|32,102|
|Kindergarten Campus|recharges|67,955|61,308|
|Kashrut supervision|4,200|4,200|
|423,845|426,239|
|Support costs|
|Governance|costs|
|Auditors’|remuneration|7,200|6,900|
|Total resources|expended|501,453|484,352|
|Net expenditure|(46,429)|(47,787)|
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