Company registration number 10380826 (England and Wales) Charity registration number 1172027 (England and Wales)
T. D SEMINARY LTD
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
T. D SEMINARY LTD
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees Mr D Saurymper Mr I Traube Mr A Zonszajn Charity number 1172027 Company number 10380826 Registered office 43 Durley Road London N16 5JR Independent examiner Mr J Silver FCCA Precision Ltd 32 Castlewood Road London N16 6DW
T. D SEMINARY LTD
CONTENTS
| Page | |
|---|---|
| Trustees' report | 1 - 2 |
| Independent examiner's report | 3 |
| Statement of financial activities | 4 |
| Balance sheet | 5 |
| Statement of cash flows | 6 |
| Notes to the financial statements | 7 - 16 |
T. D SEMINARY LTD
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 30 SEPTEMBER 2025
The trustees who are also the directors for the purposes of company law, present their report and financial statements for the year ended 30 September 2025.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006 and "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)".
Objectives and activities
The objects of the charity
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the advancement of the Orthodox Jewish religion
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the advancement of Jewish education through the establishment and running of a college
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the relief of poverty amongst the Orthodox Jewish community.
Strategies for achieving aims and objectives
The charity achieves these objectives primarily through operating a college and nursery and providing grants to educational institutions.
Public benefit
The trustees confirm their compliance with the duty to have due regard to the public benefit guidance issued by the Charity Commission when reviewing the Charity's aims and objectives and in deciding what future activities the charity should undertake.
Achievements and performance
Significant activities and achievements against objectives
The charity continued operating the College and Nursery and provided grants to institutions to promote the advancement of orthodox Jewish religious education.
In the year under review the charity generated income of £713,388 and incurred expenses of £630,468 resulting in net incoming resources of £82,920.
Financial review
The trustees are satisfied with the progress made this year, in increasing the charity's income and clearing the deficit.
As at the 30 September 2025 the charity had total reserves of £71,105 of which £36,746 were unrestricted free reserves.
Reserves policy
The trustees do not seek to maintain reserves of the charity in regard to unrestricted funds which have not been designated for a specific use other than to ensure that they can continue the activities of the charity. However the trustees aim to maintain unrestricted reserves equivalent to approximately three months of core operating costs as this level is currently considered sufficient to provide financial stability, manage short-term cash flow needs, and respond to unforeseen circumstances.
Major risks
The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
Structure, governance and management
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T. D SEMINARY LTD
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025
The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:
Mr D Saurymper
Mr I Traube
Mr A Zonszajn
Recruitment and appointment of trustees
The power to appoint new trustees is vested in the current board. It is not the intention of the trustees of the charity to appoint any new trustees. Should the situation change in the future, the trustees will apply suitable recruitment induction and training procedures.
Organisational structure
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.
The trustees administer the day to day running of the charity.
None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.
The trustees' report was approved by the Board of Trustees.
..............................
Mr I Traube
Trustee
Date: .............................................
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T. D SEMINARY LTD
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF T. D SEMINARY LTD
I report to the trustees on my examination of the financial statements of T. D Seminary Ltd (the charity) for the year ended 30 September 2025.
Responsibilities and basis of report
As the trustees of the charity (and also its directors for the purposes of company law), you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006.
Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the Companies Act 2006 and are eligible for independent examination, I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.
Independent examiner's statement
Since the charity’s gross income exceeded £250,000, the independent examiner must be a member of a body listed in section 145 of the Charities Act 2011. I confirm that I am qualified to undertake the examination because I am a member of ACCA, 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 that in any material respect:
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1 accounting records were not kept in respect of the charity as required by section 386 of the Companies Act 2006.
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2 the financial statements do not accord with those records; or
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3 the financial statements do not comply with the accounting requirements of section 396 of the Companies Act 2006 other than any requirement that the financial statements give a true and fair view, which is not a matter considered as part of an independent examination; or
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4 the financial statements 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 financial statements 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 financial statements to be reached.
Mr J Silver FCCA Precision Ltd 32 Castlewood Road London N16 6DW Date: ............................
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T. D SEMINARY LTD
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 30 SEPTEMBER 2025
| Unrestricted Restricted funds funds 2025 2025 Notes £ £ Income from: Donations and legacies 3 347,166 57,265 Charitable activities 4 252,924 56,033 Total income 600,090 113,298 Expenditure on: Raising funds 5 1,525 - Charitable activities 6 550,004 78,939 Total expenditure 551,529 78,939 Net income and movement in funds 48,561 34,359 Reconciliation of funds: Fund balances at 1 October 2024 (11,815) - Fund balances at 30 September 2025 36,746 34,359 |
Total Unrestricted Restricted funds funds 2025 2024 2024 £ £ £ 404,431 201,377 - 308,957 335,561 94,914 713,388 536,938 94,914 1,525 1,129 - 628,943 512,719 94,914 630,468 513,848 94,914 82,920 23,090 - (11,815) (34,905) - 71,105 (11,815) - |
Total 2024 £ 201,377 430,475 631,852 1,129 607,633 608,762 23,090 (34,905) (11,815) |
|---|---|---|
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
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T. D SEMINARY LTD
BALANCE SHEET
AS AT 30 SEPTEMBER 2025
| 2025 | 2024 | ||||||
|---|---|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |||
| Fixed assets | |||||||
| Tangible assets | 13 | 10,609 | 8,646 | ||||
| Current assets | |||||||
| Debtors | 14 | - | 4,800 | ||||
| Cash at bank and in hand | 90,375 | 20,983 | |||||
| 90,375 | 25,783 | ||||||
| Creditors: amounts falling due within | 16 | ||||||
| one year | (12,866) | (24,688) | |||||
| Net current assets | 77,509 | 1,095 | |||||
| Total assets less current liabilities | 88,118 | 9,741 | |||||
| Creditors: amounts falling due after | |||||||
| more than one year | 17 | (17,013) | (21,556) | ||||
| Net assets/(liabilities) | 71,105 | (11,815) | |||||
| The funds of the charity | |||||||
| Restricted income funds | 18 | 34,359 | - | ||||
| Unrestricted funds | 19 | 36,746 | (11,815) | ||||
| 71,105 | (11,815) |
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 30 September 2025.
The trustees acknowledge their responsibilities for ensuring that the charity keeps accounting records which comply with section 386 of the Act and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its incoming resources and application of resources, including its income and expenditure, for the 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 company.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the trustees on .........................
..............................
Mr I Traube Trustee
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T. D SEMINARY LTD
STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 SEPTEMBER 2025
| Notes Cash flows from operating activities Cash generated from operations 21 Investing activities Purchase of tangible fixed assets Net cash used in investing activities Financing activities Repayment of bank loans Net cash used in financing activities Net increase in cash and cash equivalents Cash and cash equivalents at beginning of year Cash and cash equivalents at end of year |
2025 £ (5,500) (4,393) |
£ 79,285 (5,500) (4,393) 69,392 20,983 90,375 |
2024 £ - (4,648) |
£ 17,497 - (4,648) 12,849 8,134 20,983 |
|---|---|---|---|---|
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T. D SEMINARY LTD
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
1 Accounting policies
Charity information
T. D Seminary Ltd is a private company limited by guarantee incorporated in England and Wales and is a registered charity in England and Wales. The registered office is 43 Durley Road, London, N16 5JR.
1.1 Basis of preparation
The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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). The charity is a Public Benefit Entity as defined by FRS 102.
The financial statements are prepared in sterling, which is the functional currency of the charity.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2 Going concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future, notwithstanding that the company has net liabilities, due to the ongoing support from the community. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
1.4 Income
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
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income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
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legacy income is recognised when receipt is probable and entitlement is established.
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income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
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income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
-
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T. D SEMINARY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025
1 Accounting policies
(Continued)
1.5 Expenditure
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
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expenditure on raising funds includes the costs of all fundraising activities, events, non charitable trading activities, and the sale of donated goods.
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expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
1.6 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant and equipment 25% on Reducing Balance Computers 25% on Reducing Balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
1.7 Impairment of fixed assets
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
1.8 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.9 Financial instruments
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
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T. D SEMINARY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025
1 Accounting policies
(Continued)
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
1.10 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
1.11 Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
2 Critical accounting estimates and judgements
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
There have been no material adjustments based on estimations and assumptions during the financial year.
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T. D SEMINARY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025
3 Donations and legacies
| Unrestricted Restricted funds funds 2025 2025 £ £ Donations and gifts 347,166 - Grants - 57,265 347,166 57,265 |
Total Unrestricted funds 2025 2024 £ £ 347,166 201,377 57,265 - 404,431 201,377 |
Total Unrestricted funds 2025 2024 £ £ 347,166 201,377 57,265 - 404,431 201,377 |
|---|---|---|
| 201,377 |
4 Income from charitable activities
| Unrestricted Restricted funds funds 2025 2025 £ £ Early Years Nursery Services provided under contract 158,575 56,033 Educational courses Services provided under contract 94,349 - 252,924 56,033 Raising funds Fundraising and publicity Other fundraising costs Interest payable |
Total Unrestricted Restricted Total funds funds 2025 2024 2024 2024 £ £ £ £ 214,608 170,557 94,914 265,471 94,349 165,004 - 165,004 308,957 335,561 94,914 430,475 Unrestricted Unrestricted funds funds 2025 2024 £ £ 950 395 575 734 1,525 1,129 |
Total 2024 £ 265,471 165,004 |
|---|---|---|
| 430,475 | ||
| 1,129 |
5 Raising funds
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T. D SEMINARY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025
6 Expenditure on charitable activities
| Education | Survive & | Total | Education | ||
|---|---|---|---|---|---|
| Thrive | |||||
| Project | |||||
| 2025 | 2025 | 2025 | 2024 | ||
| £ | £ | £ | £ | ||
| Direct costs | |||||
| Staff costs | 266,511 | 12,906 | 279,417 | 332,214 | |
| Depreciation and impairment | 3,537 | - | 3,537 | 2,883 | |
| Nursery & College Expenses | 285,870 | 10,000 | 295,870 | 238,343 | |
| 555,918 | 22,906 | 578,824 | 573,440 | ||
| Grant funding of activities (see note 7) | 21,690 | - | 21,690 | 12,795 | |
| Share of support and governance costs (see note 8) | |||||
| Support | 23,563 | - | 23,563 | 15,234 | |
| Governance | 4,866 | - | 4,866 | 6,164 | |
| 606,037 | 22,906 | 628,943 | 607,633 | ||
| Analysis by fund | |||||
| Unrestricted funds | 550,004 | - | 550,004 | 512,719 | |
| Restricted funds | 56,033 | 22,906 | 78,939 | 94,914 | |
| 606,037 | 22,906 | 628,943 | 607,633 | ||
| 7 | Grants payable | ||||
| Charitable | Charitable | ||||
| Expenditure | Expenditure | ||||
| 2025 | 2024 | ||||
| £ | £ | ||||
| Grants to institutions: | |||||
| Kupat Ezer Lenisuin Beis Yisroel | 5,500 | 5,500 | |||
| Inspirations | - | 1,700 | |||
| Friends of Wiznitz Limited | 1,500 | - | |||
| Amud Hatzdoko Trust | - | 556 | |||
| Bnois Jerusalem Schools | 2,000 | ||||
| Chasdei Aharon Limited | - | 2,500 | |||
| Kehal Chareidim Trust | 7,500 | - | |||
| Bnos Beis Yackov | 2,500 | - | |||
| Other | 2,690 | - | |||
| 21,690 | 12,795 |
-
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T. D SEMINARY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025
8 Support costs allocated to activities
| Support Costs Governance costs Analysed between: Education 9 Net movement in funds The net movement in funds is stated after charging/(crediting): Fees payable for the independent examination of the charity's financial statements Depreciation of owned tangible fixed assets |
2025 £ 23,563 4,866 28,429 28,429 2025 £ 2,400 3,537 |
2024 £ 15,234 6,164 |
|---|---|---|
| 21,398 | ||
| 21,398 | ||
| 2024 £ 2,400 2,883 |
10 Trustees
None of the trustees received any remuneration or benefits from the charity during the year.
11 Employees
The average monthly number of employees during the year was:
| Employment costs Wages and salaries Social security costs Other pension costs |
2025 Number 36 2025 £ 277,783 1,076 558 279,417 |
2024 Number 37 |
|---|---|---|
| 2024 £ 331,561 - 653 |
||
| 332,214 |
No employees received emoluments in excess of £60,000.
There were no employees whose annual remuneration was more than £60,000.
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T. D SEMINARY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025
12 Taxation
The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.
13 Tangible fixed assets
| Plant and equipment Computers £ £ Cost At 1 October 2024 24,803 10,076 Additions 5,500 - At 30 September 2025 30,303 10,076 Depreciation and impairment At 1 October 2024 17,965 8,268 Depreciation charged in the year 3,085 452 At 30 September 2025 21,050 8,720 Carrying amount At 30 September 2025 9,253 1,356 At 30 September 2024 6,838 1,808 14 Debtors 2025 Amounts falling due within one year: £ Other debtors - 15 Loans and overdrafts 2025 £ Bank loans 21,413 Payable within one year 4,400 Payable after one year 17,013 |
Total £ 34,879 5,500 |
|---|---|
| 40,379 | |
| 26,233 3,537 |
|
| 29,770 | |
| 10,609 | |
| 8,646 | |
| 2024 £ 4,800 |
|
| 2024 £ 25,806 |
|
| 4,250 21,556 |
The above bank loan is guaranteed by the government under the Bounce back loan scheme.
The loan accrues interest at 2.5% per annum.
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T. D SEMINARY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025
16 Creditors: amounts falling due within one year
| Creditors: amounts falling due within one year | ||
|---|---|---|
| Notes Bank loans 15 Other taxation and social security Other creditors Accruals and deferred income |
2025 £ 4,400 (20,565) 26,871 2,160 12,866 |
2024 £ 4,250 35 18,243 2,160 |
| 24,688 |
17 Creditors: amounts falling due after more than one year
| 2025 | 2024 | ||
|---|---|---|---|
| Notes | £ | £ | |
| Bank loans | 15 | 17,013 | 21,556 |
18 Restricted funds
The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:
| At | 1 | October | Incoming | Resources | At 30 | |
|---|---|---|---|---|---|---|
| 2024 | resources | expended | September | |||
| 2025 | ||||||
| £ | £ | £ | £ | |||
| 72,555 | 113,298 | (78,939) | 106,914 | |||
| (72,555) | - | - | (72,555) | |||
| - | 113,298 | (78,939) | 34,359 | |||
| Previous year: | At | 1 | October | Incoming | Resources | At 30 |
| 2023 | resources | expended | September | |||
| 2024 | ||||||
| £ | £ | £ | £ | |||
| (145,110) | 94,914 | (167,469) | (217,665) | |||
| 145,110 | - | 72,555 | 217,665 | |||
| - | 94,914 | (94,914) | - |
During the year the charity received conditional grants of £57,265 to aid the funding of the Survive and Thrive project in addition to funding received for the nursery. The grants and related expenditure are shown in the Financial Statements as a Restricted Fund.
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T. D SEMINARY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025
19 Unrestricted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
| At 1 General funds Previous year: At 1 General funds |
October 2024 Incoming resources Resources expended At 30 September 2025 £ £ £ £ (11,815) 600,090 (551,529) 36,746 October 2023 Incoming resources Resources expended At 30 September 2024 £ £ £ £ (34,905) 536,938 (513,848) (11,815) |
|---|---|
20 Related party transactions
During the year the college and nursery paid rent of £96,000 (2024: £106,000), for the use of its leased premises to Talmud Torah D'Chasidei Gur Ltd, a charity with one common Trustee.
During the year, the charity employed some close family members of the trustees the remuneration for the year totalled £21,748 (2024: £18,188).
Other than the above there were no disclosable related party transactions during the year (2024 - none).
| 21 Cash generated from operations Surplus for the year Adjustments for: Depreciation and impairment of tangible fixed assets Movements in working capital: Decrease/(increase) in debtors (Decrease) in creditors Cash generated from operations |
2025 £ 82,920 3,537 4,800 (11,972) 79,285 |
2024 £ 23,090 2,883 (4,800) (3,676) 17,497 |
|---|---|---|
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T. D SEMINARY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025
| 22 | Analysis of changes in net funds/(debt) | |||
|---|---|---|---|---|
| At 1 October | Cash flows At 30 September | |||
| 2024 | 2025 | |||
| £ | £ | £ | ||
| Cash at bank and in hand | 20,983 | 69,392 | 90,375 | |
| Loans falling due within one year | (4,250) | (150) | (4,400) | |
| Loans falling due after more than one year | (21,556) | 4,543 | (17,013) | |
| (4,823) | 73,785 | 68,962 |
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