REGISTERED COMPANY NUMBER: 09941630 (England and Wales) REGISTERED CHARITY NUMBER: 1166117
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
FOR
NWL JEWISH DAY SCHOOL
Melinek Fine LLP Chartered Accountants First Floor, Winston House 349 Regents Park Road London N3 1DH
NWL JEWISH DAY SCHOOL
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
| Page | |
|---|---|
| Reference and Administrative Details | 1 |
| Report of the Trustees | 2 to 3 |
| Independent Examiner's Report | 4 |
| Statement of Financial Activities | 5 |
| Balance Sheet | 6 to 7 |
| Cash Flow Statement | 8 |
| Notes to the Cash Flow Statement | 9 |
| Notes to the Financial Statements | 10 to 16 |
NWL JEWISH DAY SCHOOL
REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 AUGUST 2025
TRUSTEES
REGISTERED OFFICE
Dayan Binstock A H Kosiner Mr A D Landy Rabbi B S Levin Mrs S Taylor Mr C Lossos (resigned 13.2.25) Mr A Richman (appointed 7.1.25) 180 Willesden Lane London NW6 7PP
REGISTERED COMPANY NUMBER 09941630 (England and Wales)
REGISTERED CHARITY NUMBER 1166117
INDEPENDENT EXAMINER
Melinek Fine LLP Chartered Accountants First Floor, Winston House 349 Regents Park Road London N3 1DH
SOLICITORS Teacher Stern LLP 37-41 Bedford Row London WC1R 4JH Stone King LLP 91 Charterhouse Street London EC1M 6HR
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NWL JEWISH DAY SCHOOL (REGISTERED NUMBER: 09941630)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 August 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
NWL Jewish Day School is committed to advancing, for the public benefit, the education of children in the United Kingdom. In particular, the charity’s objectives include:
(a) the provision of property to be used as a day school for the general education of boys and girls, provided that instruction in the orthodox Jewish faith forms part of the daily curriculum;
(b) the provision of kosher meals for pupils of the day school and other children of the Jewish faith; and
(c) the undertaking of any other activities which the Trustees deem conducive to or supportive of these aims.
The charity supports the North West London Jewish Day School (the School) by providing premises and raising funds to enable the delivery of high-quality Jewish and general education. It plays a key role in sustaining the Jewish Studies department and contributes towards staffing and operational costs to ensure that religious education remains central to the School’s ethos.
Trustees maintain regular contact with the School's Governing Body, some of whom also serve as Trustees, to review performance, respond to identified needs, and ensure educational standards remain high. Progress is monitored through internal reports and external inspections.
Currently, the charity does not rely on volunteers beyond its Board of Trustees, who continue to contribute their time and expertise on an unpaid basis in support of the charity's mission.
Public benefit
The Trustees confirm that they have had regard to the Charity Commission’s guidance on public benefit when reviewing the charity’s aims and objectives and in planning future activities. The charity fulfils its public benefit purpose by supporting the provision of Jewish education to all children at the School.
ACHIEVEMENTS AND PERFORMANCE
Charitable activities
Total donations from parents and the wider community amounted to £441,581, reflecting the continued generosity and commitment of our supporters. Investment income totalled £28,381 (2024: £50,387), influenced by prevailing interest rate conditions and movements in rental income during the year.
Total expenditure was £585,177 (2024: £610,990), demonstrating the impact of ongoing cost-management efforts. The net deficit for the year was £115,215, and the Trustees continue to monitor financial performance carefully to ensure long-term sustainability while maintaining strong support for the School’s educational activities.
FINANCIAL REVIEW
Financial position
At the year end, the charity’s net assets stood at £1,949,374 (2024: £2,064,589), comprising: Unrestricted reserves of £187,849 (2024: £267,606) Restricted funds of £1,383,051 (2024: £1,416,772) Endowment funds of £378,474 (2024: £380,211)
Looking ahead, the Trustees expect a broadly consistent level of financial performance, while recognising that the School’s needs continue to evolve. To support this, the charity will continue to strengthen its fundraising activity and explore opportunities to broaden and diversify its income base.
The Trustees are also mindful of the wider economic environment and its potential impact on donor capacity. In response, the charity is reviewing its financial strategy to enhance donor engagement, secure long-term commitments, and maintain prudent cost management, ensuring that we can continue to support the School’s essential educational mission.
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NWL JEWISH DAY SCHOOL (REGISTERED NUMBER: 09941630)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025
FINANCIAL REVIEW
Reserves policy
The Trustees aim to maintain reserves sufficient to cover at least six months of operating costs, providing stability in the event of unforeseen fluctuations in income. We are pleased to report that this objective was met during the year.
Going concern
The trustees have assessed the charity’s financial position and are satisfied that it has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the financial statements have been prepared on a going concern basis.
FUTURE PLANS
The Trustees’ plans for the future are to continue strengthening fundraising efforts and securing the resources needed to support the School’s ongoing growth and success.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The governing document of the charity which was incorporated on 8th January 2015 is its Memorandum and Articles of Association, as amended by a special resolution registered at Companies House on 9th March 2016. The charity number is 1166117. The charity commenced operation on 1st September 2016.
The Trustees meet regularly and decisions are made after the views of all present have been taken into account.
The Chair of Trustees is responsible for the induction of any new Trustee, which includes awareness of Trustee responsibilities, the governing document and operational activities of the charity. When appointing new Trustees, efforts are made to recruit individuals with a breadth of interests, social awareness, knowledge of the Jewish community and the educational requirements of Jewish families. Potential and newly appointed Trustees are provided with full information about the work of the charity. Training needs are continually monitored to ensure that Trustees are up to date with relevant information and requirements.
The Trustees are in regular contact with the Governors of School, some of whom are also Trustees of the charity.
The Trustees are committed to legal requirements and best practice and have during the year kept under review their policies and procedures including safeguarding and financial controls.
Risk management
The Trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the charity, and are satisfied that systems and procedures are in place to mitigate the exposure to any major risks.
Approved by order of the board of trustees on 28 May 2026 and signed on its behalf by:
Mr A D Landy - Trustee
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF NWL JEWISH DAY SCHOOL
Independent examiner's report to the trustees of NWL Jewish Day School ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2025.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Aryeh Melinek, FCA
Melinek Fine LLP Chartered Accountants First Floor, Winston House 349 Regents Park Road London N3 1DH
28 May 2026
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NWL JEWISH DAY SCHOOL
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 AUGUST 2025
| Notes INCOME AND ENDOWMENTS FROM Donations and legacies 2 Investment income 3 Total EXPENDITURE ON Raising funds 4 Charitable activities 5 Charitable activities Total NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted fund £ 441,581 28,381 469,962 26,549 523,170 549,719 (79,757) 267,606 187,849 |
Restricted funds £ - - - - 33,721 33,721 (33,721) 1,416,772 1,383,051 |
Endowment fund £ - - - - 1,737 1,737 (1,737) 380,211 378,474 |
2025 Total funds £ 441,581 28,381 469,962 26,549 558,628 585,177 (115,215) 2,064,589 1,949,374 |
2024 Total funds £ 433,265 50,387 483,652 17,398 593,592 610,990 (127,338) 2,191,927 2,064,589 |
|---|---|---|---|---|---|
The notes form part of these financial statements
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NWL JEWISH DAY SCHOOL (REGISTERED NUMBER: 09941630)
BALANCE SHEET 31 AUGUST 2025
| Notes FIXED ASSETS Tangible assets 11 Investment property 12 CURRENT ASSETS Debtors 13 Cash at bank CREDITORS Amounts falling due within one year 14 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 15 Unrestricted funds Restricted funds Endowment funds TOTAL FUNDS |
Unrestricted fund £ - - - 1,463 206,776 208,239 (20,390) 187,849 187,849 187,849 |
Restricted funds £ 1,383,051 - 1,383,051 - - - - - 1,383,051 1,383,051 |
Endowment fund £ 3,474 375,000 378,474 - - - - - 378,474 378,474 |
2025 Total funds £ 1,386,525 375,000 1,761,525 1,463 206,776 208,239 (20,390) 187,849 1,949,374 1,949,374 187,849 1,383,051 378,474 1,949,374 |
2024 Total funds £ 1,421,983 375,000 1,796,983 - 349,271 349,271 (81,665) 267,606 2,064,589 2,064,589 267,606 1,416,772 380,211 2,064,589 |
|---|---|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
continued...
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NWL JEWISH DAY SCHOOL (REGISTERED NUMBER: 09941630)
BALANCE SHEET - continued 31 AUGUST 2025
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 28 May 2026 and were signed on its behalf by:
Mr A D Landy - Trustee
The notes form part of these financial statements
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NWL JEWISH DAY SCHOOL
CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 AUGUST 2025
| Notes Cash flows from operating activities Cash generated from operations 1 Net cash used in operating activities Cash flows from investing activities Interest received Net cash provided by investing activities Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period Cash and cash equivalents at the end of the reporting period |
2025 £ (150,628) (150,628) 8,133 8,133 (142,495) 349,271 206,776 |
2024 £ (185,380) (185,380) 23,384 23,384 (161,996) 511,267 349,271 |
|---|---|---|
The notes form part of these financial statements
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NWL JEWISH DAY SCHOOL
NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 AUGUST 2025
| 1. | RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM | RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM | OPERATING ACTIVITIES | OPERATING ACTIVITIES |
|---|---|---|---|---|
| 2025 | 2024 | |||
| £ | £ | |||
| Net expenditure for the reporting period (as per | the Statement of | |||
| Financial Activities) | (115,215) | (127,338) | ||
| Adjustments for: | ||||
| Depreciation charges | 35,458 | 37,916 | ||
| Interest received | (8,133) | (23,384) | ||
| (Increase)/decrease in debtors | (1,463) | 7,384 | ||
| Decrease in creditors | (61,275) | (79,958) | ||
| Net cash used in operations | **(150,628) ** | (185,380) | ||
| 2. | ANALYSIS OF CHANGES IN NET FUNDS | |||
| At 1.9.24 | Cash flow | At 31.8.25 | ||
| £ | £ | £ | ||
| Net cash | ||||
| Cash at bank | 349,271 | **(142,495) ** | 206,776 | |
| 349,271 | **(142,495) ** | 206,776 | ||
| Total | 349,271 | **(142,495) ** | 206,776 |
The notes form part of these financial statements
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NWL JEWISH DAY SCHOOL
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - 2% on cost Computer equipment - 33% on reducing balance
Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Statement of Financial Activities.
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.
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
Legal status of the charity
The charity is a company limited by guarantee and has no share capital. Liability of each member in the event of winding-up is limited to £10.
Financial Instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective impairment is found, an impairment loss is recognised in profit or loss.
continued...
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NWL JEWISH DAY SCHOOL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2025
1. ACCOUNTING POLICIES - continued
Legal status of the charity
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset or settle the liability simultaneously.
2. DONATIONS AND LEGACIES
| 2. DONATIONS AND LEGACIES |
||
|---|---|---|
| Voluntary contributions Donations Gift aid Extracurricular activities 3. INVESTMENT INCOME Rents received Deposit account interest 4. RAISING FUNDS Raising donations and legacies Fundraising costs Investment management costs Administrative expenses Insurance Property repairs Utilities Legal and professional fees Depreciation Aggregate amounts |
2025 £ 269,647 101,078 70,183 673 441,581 2025 £ 20,248 8,133 28,381 2025 £ 12,696 2025 £ 499 3,096 7,547 1,552 1,159 - 13,853 26,549 |
2024 £ 316,971 53,161 60,937 2,196 433,265 2024 £ 27,003 23,384 50,387 2024 £ 306 2024 £ 640 1,598 12,078 171 - 2,605 17,092 17,398 |
continued...
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NWL JEWISH DAY SCHOOL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2025
5. CHARITABLE ACTIVITIES COSTS
| 5. CHARITABLE ACTIVITIES COSTS |
||||
|---|---|---|---|---|
| Charitable activities 6. SUPPORT COSTS Management £ Charitable activities 15,497 7. NET INCOME/(EXPENDITURE) Net income/(expenditure) is stated after charging/(crediting): Depreciation - owned assets |
Direct Costs £ 531,198 Finance £ 1,433 |
Support costs (see note 6) £ 27,430 Governance costs £ 10,500 2025 £ 35,458 |
Totals £ 558,628 |
|
| Totals £ 27,430 |
||||
| 2024 £ 37,916 |
8. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 August 2025 nor for the year ended 31 August 2024 other than those disclosed in note 15.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 August 2025 nor for the year ended 31 August 2024.
9. STAFF COSTS
| STAFF COSTS | ||
|---|---|---|
| 2025 | 2024 | |
| £ | £ | |
| Wages and salaries | 369,026 | 420,991 |
| Social security costs | 35,305 | 36,995 |
| Other pension costs | 44,134 | 43,846 |
| 448,465 | 501,832 | |
| The average monthly number of employees during the year was as follows: | ||
| 2025 | 2024 | |
| Employees | 6 | 7 |
| The number of employees whose employee benefits (excluding employer pension | costs) exceeded | £60,000 was: |
| 2025 | 2024 | |
| £60,001 - £70,000 | 3 | 3 |
| £80,001 - £90,000 | 1 | 1 |
| 4 | 4 |
The key management of the charity comprise the trustees, the head of kodesh and deputy head of kodesh. The total employee benefits of the key management personnel of the charity were £155,051 (2024: £150,540).
continued...
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NWL JEWISH DAY SCHOOL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2025
| 10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted fund funds £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 433,265 - Investment income 50,387 - Total 483,652 - EXPENDITURE ON Raising funds 14,793 2,605 Charitable activities Charitable activities 558,281 35,311 Total 573,074 37,916 NET INCOME/(EXPENDITURE) (89,422) (37,916) RECONCILIATION OF FUNDS Total funds brought forward 357,028 1,454,688 TOTAL FUNDS CARRIED FORWARD 267,606 1,416,772 11. TANGIBLE FIXED ASSETS Fixtures Long and leasehold fittings £ £ COST At 1 September 2024 and 31 August 2025 1,686,058 14,335 DEPRECIATION At 1 September 2024 269,286 9,124 Charge for year 33,721 1,737 At 31 August 2025 303,007 10,861 NET BOOK VALUE At 31 August 2025 1,383,051 3,474 At 31 August 2024 1,416,772 5,211 |
Endowment fund £ - - - - - - - 380,211 380,211 Computer equipment £ 11,545 11,545 - 11,545 - - |
Total funds £ 433,265 50,387 483,652 17,398 593,592 610,990 (127,338) 2,191,927 2,064,589 Totals £ 1,711,938 289,955 35,458 325,413 1,386,525 1,421,983 |
|
|---|---|---|---|
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NWL JEWISH DAY SCHOOL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2025
| 12. INVESTMENT PROPERTY FAIR VALUE At 1 September 2024 and 31 August 2025 NET BOOK VALUE At 31 August 2025 At 31 August 2024 Fair value at 31 August 2025 is represented by: Valuation in 2025 Cost 13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Prepayments and accrued income 14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Social security and other taxes Pensions Other creditors 15. MOVEMENT IN FUNDS At 1.9.24 £ Unrestricted funds General fund 267,606 Restricted funds Building fund 1,416,772 Endowment funds Endowment funds 380,211 TOTAL FUNDS 2,064,589 |
|
|---|---|
continued...
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NWL JEWISH DAY SCHOOL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2025
15. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Incoming resources £ Unrestricted funds General fund 469,962 Restricted funds Building fund - Endowment funds Endowment funds - TOTAL FUNDS 469,962 Comparatives for movement in funds At 1.9.23 £ Unrestricted funds General fund 357,028 Restricted funds Building fund 1,454,688 Endowment funds Endowment funds 380,211 TOTAL FUNDS 2,191,927 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 483,652 Restricted funds Building fund - TOTAL FUNDS 483,652 |
Resources expended £ (549,719) (33,721) (1,737) (585,177) Net movement in funds £ (89,422) (37,916) - (127,338) Resources expended £ (573,074) (37,916) (610,990) |
Movement in funds £ (79,757) (33,721) (1,737) (115,215) At 31.8.24 £ 267,606 1,416,772 380,211 2,064,589 Movement in funds £ (89,422) (37,916) (127,338) |
||
|---|---|---|---|---|
continued...
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NWL JEWISH DAY SCHOOL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2025
16. RELATED PARTY DISCLOSURES
At year end, £2,221 (2024: £64,407) was owed to North West London Jewish Day School Academy, an associated Academy with common directors. The Academy contributed £18,676 (2024: £33,500) towards staffing costs. The Academy also occupies the charity-owned premises on a rent-free basis, in accordance with the charity’s mission to facilitate access to education.
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