Charlty rogl8tratlon number 1201175 (England #nd Wal￿)
Company registration number 13121519
PHGS FOUNDATION LTD
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

PHGS FOUNDATION LTD
LEGAL AND ADMINISTRATIVE INFORMATION
Tru$legS
Rabbi Y Halpem
Charity number (England and Walès)
1201175
Company number
13121519
R&gist•r•d offie
Pardes House Grammar Schooj
Hendon Lan$
London
N3 1SA
Auditor
Goldwins Limited
75 Maygrove Road
West Hampstead
London
NW6 2EG
Bankors
Barclays Bank PIC
126 Station Road
Edgware
Middlesex
HA8 7RY
Solicitors
8ude Nathan Iwanier
Temple Fortune Parade
Bridge Lane
London
NW11 QQN

PHGS FOUNDATION LTD
CONTENTS
Page
Trustees, report
Independent audllorfs report
Statement of financial activities
Ba18nce sheet
Notes to thè finanaal stslements
9-17

PHGS FOUNDATION LTD
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORD
FOR THE YEAR ENDED 31 AUGUST 2024
The tru51ees prgsent their annu81 ￿port and financial statements for the year gndtrd 31 August 2024.
The finanaal staiements have been prepared in aceordance with Ihg accounbng poliries sgt out in note 1 to the
financial siatements and ¢omply with the ¢h8ri1y's governing document, the Companies Act 2006. FRS 102 "The
Financial Reporting Stand8rd appli¢able in the UK and Republic of Ire18nd' and the Charities SORP 'Accounting
and Reporting by Charities.. Slatetnenl ol Recommended Pra¢tice applicable lo charities preparing their accounts in
accordancè wllh Ihe Financial Reporbng Stsndard applicable in the UK and Republic ol Ireland IFRS 102}"
Objoctives and actlvities
The charity was estsblished to advance the Orthodox Jewish religion and advance eduealion by the provision of a
day school for boys known as Pardes House Grammar School and by ancillary or incidentsl edueatbnal or religlous
8¢tkvilie3 and other associated actlvltles for the benefit of thè community.
Publlc benefit
The trustees have paid du& regard to guid8n¢e issued by the Charity Commission in do¢iding what activities the
¢h8rlty should undertake.
Achlevemonts an(1 performance
Significbnt activities and aGhievem6nts against objeGIiv&$
The trustees consider that the perforrnance of the Charity this year has been most satisfactory. Funds have been
granted to Institutions during the year from the conlribulons received from donors.
Flnancial r•vi•w
The Stslgment of Financial activities shows a surplus for the y&ar of £376,231 12023.. £49,973) after making grants
of£60,381 {2023: £119.98DI and the reserves stand at £426,28912023'. £50,058).
Rèserves pollcy
It is thè policy of the charity that Un￿strICted funds which have not been designated for a specific use should be
maintained ot a level equivalent lo between three and six month's expenditure. The trustees consider that ￿SerVeS
at this level will ensure that, in the event of 8 significant drop in lunding. they will be able to continue the charity's
rrent activities whilg consideration is given lo ways in which additional funds may be raised. This level of resgrves
h8s been maintained throughout the year.
Structure. gov•manc• and managom•nt
The Charity is controlled by ils goveming document, the memorandum and articles of association, and conslitules a
company limited by guarantee as defin¢d by the Companies Act 2006.
The trustee5. who are also the directors for th8 purpose of company law, and who seNéd during the year and up to
the date of S￿nature of the financAal statements wèrè..
Rabbi Y Halpern
M Lisser
M Nordgn
(Resignèd 1 S8Ptember 20231
(Rgsigned 1 September 20231
Recrultment and appolntment of new tru$te¢s
If necassary, new trustees arè recruited from the personal contacts of thè èxisling Iruslees.
Organlsational structure
The trustees rn8n8g6 the day to day running of the charity and make all decisions.
Stat•m•nt of tru8tg95' resPOrt$lbilitS•s
The trustees, who are also the directors of PHGS FOUNDATION LTD for the purposè of company law, arè
responsible for preparing the Trustees. Report and th& financial slalemenls in accordan¢e wth applicable law and
Uniltrd Kingdom Accounting Standards (United Kingdom Genfjrally Accepted Accounting Praclicel.

PHGS FOUNDATION LTD
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
Audltor
In 8¢wrdance with the company's articles, a r&solution proposing that Goldwins Limited be reappointed as auditor
of the company will be put al a General Meeting.
The truste8s' report Was approved by Ihe Board of Trusiees.
Rabbi Y Halpem
Tru$te•
Dale: ....

PHGS FOUNDATION LTD
INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTEES OF PHGS FOUNDATION LTD
Oplnlon
We have audited the financial stsltsmtsnls of PHGS FOUNDATION LTD Ithe 'charity'l for the year ended 31 August
2024 which comprise the slalement of financial 8clivitie$, th8 balan¢e $h&èL th& statèment of cash flows and notes
to the financial statements, including signrficanl accounting poli¢itss. The financial reporting framework that has been
applied In their preparation is applicable law and United Kingdom Accounting Standards, in¢luding Financial
Reporting Standard 102 Th& Financial Reporting Standa￿4 applicable in the UK and Republic of Irgl&nd Iuniteij
Kingdom Generally Accepted Accounting Pra¢ti¢el.
In our opinion. the financial statements..
g￿e a true and fair view of the stale of the charitable company's affair8 a8 al 31 August 2024 and of Its
Incomlng resources and appllcation of resources, for the year then ended.,
have been properly prepared in accordance with United Kingdom Gongrally Accèptèd Accountlng Practice-
and
have been prepared in accordance With the requirements of the Companies Act 2006.
Basls for oplnlon
We conducted our audit in accordance with Inlemalional Stsndards on Auditing IUKI IISAS IUKII and applicable
law. Our responslbilitles under those siandards are further described in the Auditors responsibilitiès for the audit of
thè fin8nclèl statements sectlon of our report. We are independent ol the charity in accordance with the ethlcal
requirernen15 that are relgvanl to our audit of the linancial statetnent5 in the UK, including the FRC'S Ethical
Standard. and we have fulfilled our other ethic81 responsibiliti8s in aGoordance with these requlrements. We believe
that the audit evidence we have obtained is sufficient and appropriate to priwide a basis for our opinion.
Conclusions relatlng to golng ¢on¢$m
In auditing tha financial statements, we have concluded that the trustees. use of (he going ¢oncefn basis of
accounting in the preparation ol the finanual statem¢nts is appropriate.
Based on the work we have perfomied. we have not identffi8d 8ny m8leri81 un¢ert81nlles relating to events or
onditions that, individually or collectively, may cast significant doubl on the charitys ability to continLJ8 as a going
oncern for 8 period of al19asI twolvg months from whon the financial statements are aulhorised for issue.
Our responsibilities and the responsibilities of the trustees with rospacl to goiThJ concem are described in the
relevanl sections ol this report.
Othèr Informatlon
The other infomiation comprises the inforrnalion included in Ihg annual report othei than the financial statements
and our auditoi's report thereon. The twstees are responsible for the other infomiation ￿nts￿ned within the annual
report. Our oplnSon on the financial statements does nol cover the other information and we do not express any lomi
of assurance GonGlusion thereon. Our re$ponsibility is to read the other information and, in doing so, consider
whether the other infomiation is materially incon8islent with th8 financial statèments or our knowledge obtained in
Ihe course of the audit, or othe￿iSe appears to be materially misstated. If we identify su¢h material inconsistencies
or apparent material mi3statemgnts, we are required lo delemiine whether this gives rise to a mat9rial misstatèment
in the financial ststeTnents thgmselves. If, based on the work we have perfomied, we conclud8 that therg Is a
material misstatement of this other information, wg ars rÈqulrÉd to r8POrt that fact.
We have nothing to report in this regard.
atters on whl¢h we are requlr•d to rèport by •xc•ptlon
We have nothing to report In respect of the following matters in relation to which the Charit18s IAccounts and
Reports) Rogulab"gn$ 2008 requires us to report to you rf. in our Opin￿n..
the Informa￿On g￿en In the financial statements Is Inconsislenl in any material rèspaet wlth ihe trustees,
report,. or
suffi¢i$nt accounfjng records have not boen kept., or
the financial statements are not in agreement with the accounting records,. or
we have not received all the infomation and explanations we require for our audit.

PHGS FOUNDATION LTD
INDEPENDENT AUDITOR'S REPORT {CONTINUED)
TO THE TRUSTEES OF PHGS FOUNDATION LTD
R¥sponslbiliti98 of trustoos
As explained more fully in the statement of trustees. responsibilrfcles, the Iruslees, who are also the directors of the
charity lor the purpose ol company law, 8ro responsible for the preparation of the financial statements and for being
satisfied that they give a tru& and fair view. and for such intemal conlr(>l as the trustees determine is necessary to
n8ble the preparation ol financial statements that are free from ma18ri81 mlsstatemenl, whether due to fraud or
eThor. In preparing the financial stal¢ments, th8 Iruslaes are responsible for assessing the d)arity's ability lo
continue 8$ 8 going concem, disclosing, as applicable, mattars relaied to going con¢ern and using the going
concern basi5 01 a¢coLJnting unless the trusleos either intend lo liquidata tho charitable company or lo ceas&
operations, or have no rgalistie altamative bul to do so.
Auditorfs rèsponslbllltios for tho •udlt of the financial stat•m•nts
We have been appolnted as audKor under section 144 of the Charlties Act 2011 and report in awjrdance with the
Ad and relevant regulations rnade or having effect Ihereunder.
Cmjr objectives aré to obtain reasonable a55uranee about whether the flnancial statements ag a whole are fre8 from
material misstaternenl, whether due to fraud or Èrrtsr, and to issue an auditor's report that Includes our opinion.
Reasonable assurance is a hlgh level of assurance but is not a guarante8 that an audit conducted in accordance
with ISAS IUKI will always detect 8 matèrial misstatement wh8n it exists. Misstalern&nts can arise from fraud or
error and ara considered material rf, individually or in the aggregate, thèy Could reasonably be expected 1¢) inflLJence
the economic decisions of users taken on th8 basis of these financial statements.
Irregularities arè instances of rK)n-compliance wth laws and r9gulations. The objectivas of our audit arg lo obtain
sufficient appropriat8 8udit evidence regarding compliance wilh18ws and regulations that havé a direct effect on the
determination of m8leri81 amounts and disclosures in thè financial slalements, to pertomi audit pr￿dureS lo help
id8ntify instances of non-compliance with olher law5 and règulations that May have a material effect on the financi81
stst8mènts, and to respond appropriately to identrfied or suspected non-compliancè wrth law5 and regulations
identified during the audit.
The extent lo which our procedures are capable of dètecting irregularth&s, Including fraud. is detailed below.
In Identifying and assessing rfsks of material mis51atemenl In respect of irregularftles. including fraud and non-
compllan¢e wlth laws and regulations. our procedure5 included the following=
We enquired of managèmènt, which induded obtaining and reviawin9 supporting dwumentation,
concerning Ihe charity's policias and procedures rel8ts.ng to tha internal controls èstablished to mib.gata risks
related to fraud or non-cornpli8nce with18ws and regulations.
We reviewed thtr financAal statement disdosures and le51ed Ih8S9 to supporting docum8ntation to assess
compliance with applicable laws and regulations.
In add￿San9 the risk ol fraud through management overrid8 of controls. we tested the appropriatènèss of
journal éntriès and other adjustments, assessed whether th8 judgements made in making accounlin9
estimates aré indicative of a polents'al bias and tested significant transactions that are unusual or those
outside the normal ¢ourse of business.
Because of the inherent lirnilalions tsf an audit, there is a risk that we will not detÈct all irregularities, including
those le8ding to a material misstatement in the financial slatemonts or non-compli8n¢% with regulalion. Thé risk
is also greater regarding irregularities occurring due to fraud rathèr than error, a3 fraud involves intention81
concealment, forgery. ctsllusion, omission or misrepresentation.
A further description ol our responsibilities is availab19 on tha Financial Reporting Council's web8lt& at.. https'.11
www.frc.org.uklauaitorsresponsibililies. This description fomis part of our audilorfs report.

PHGS FOUNDATION LTD
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF PHGS FOUNDATION LTD
Us• of our r•port
This report is made solely to thè charity's trustees, as a body, in accordance with Part 4 of the Charilies (Accounts
and Reports) Regulations 2008. Our audil work has bgen undertaken so that we might stale to the charty's trustees
those matters we are required lo state lo them in an auditor's repcirt and for no other purpose. To the fvllest axlent
permitted by law. we not a¢￿pt or assume responsibility lo anyone other than the charty and the ch8rills
trustees as a body. for our ¥udit wotk, for this rèport, or lor the opinions we have fom8d.
ony Epton Isen
r Ststu
ry Audltor}
FOT and on behalf o
oldwins Llmlted, Stslulory Audltor
Chartered A¢countants
75 Maygrove Road
Wesl H8mpslead
London
NW6 2EG
Dale: .......................

PHGS FOUNDATION LTD
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 AUGUST 2024
Unr•strlcted
funds
2024
Unr•strlcted
fvnds
2023
Notes
Incomè from:
Donations and legaci88
Charitable acb'vities
Investments
1.263,727
429,729
10
168,909
41,055
Total In¢omo
1.693.466
209,964
Expendlturn on:
Raising funds
Charitable activities
39.661
1,277.574
159,991
Total oxponditur•
1.317.235
159.991
Net Income and movem•nt In funds
376,231
49,973
Reconciliatlon of funds:
Fund balances at 1 Seplernber 2023
50.058
85
Fund balances at 31 August 2024
426,289
5Q,058
The statement of fflnanclal activth'es Indudes 811 g8lns and losses recognised in the year. Al income and expenditu
dorive from continulng activities.
The notes on pages 9 to 17 form part ofthese financAal statements.

PHGS FOUNDATION LTD
BALANCE SHEET
ASAf31AUGUST2024
2024
2023
Note$
Flxed assets
Goodwill
Tangible 8550ts
14
15
17,550
554,252
44,268
Curront assets
C8sh at bank and in hand
21.007
5,790
Creditors.. amounts falling du8 Wlthln
on• year
16
1166,5201
N•t ¢urront115abS1Stl•sllas5ets
1145,S131
5,790
Total assets less current li#bllltlos
426.289
50,058
The funds of th• charlty
Unraslrictsd lunds
18
426,289
50,058
426,289
50,058
The notes on pages 9 to 17 fom part of these flnandal statements.
The directors acknowledge their rgsponsibilitios for complying with the requirement$ of the Companies Act 2006
with respect lo a¢￿Unting ro¢ords and the preparation offinancial stslemènts.
The financi81 statements were approved by the truste88 Oll .
Rabbi Y Halp8m
Trustee
Company registration number 13121519 (England and Wales)

PHGS FOUNDATION LTD
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 AUGUST 2024
2024
2023
Nots$
Cash flows from operating activiti•s
Cash generated frorn op8rations
683,254
61.040
Invostlng ¥etiviti•s
Pur¢hase of intangible as5els
Purchase of tangible fixed 8ss8ts
Investment irwme recgived
119,5001
1648,5471
155,3351
Not eash u$8d In Investlng actlvltles
1668,0371
155,3351
Net cash gert•r¥t￿ from Ilnanelng activities
Net Increase In cash and cash 89uivalÈnts
15,217
5,705
Cash and G4sh aquSvalonts at beginnlng of y8ar
5,790
85
Cash and cash equlvalents at •nd of year
21,007
5,7
The notes on pages 9 to 17 fom part of these financial statements.

PHGS FOUNDATION LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
A¢¢ountlng pollcl•s
Charlty Informatlon
PHGS FOUNOATION LTD is a priv*e ctsmpany limited by guarantee incorporated in England and Wales. The
istered office is Pardes House Grammar S¢hool. Handon Lane, London, N3 1SA.
1.1 Accounting convention
The financial statements havè b88n prepared in accordance with the ch8rity's govemlng document, th•
Companies Act 2006, FRS 102 "Thè Financial Reporting Standard appliGablg in thè UK and Republic of
Ireland. and Ihtr Charitias SORP 'A¢counting and Reporting by Charities., Ststem&nt of Recommended
Praclice applicable lo charities preparing their accounts in accordance with the Finan¢ial Reporting Standard
applicable in the UK and Republic of Ireland IFRS 1021" The charity is a Publ￿ Benèfit Entlty as dellned by
FRS 102.
The ffnancial siatements are Prepared in sterling, which is the fvnclional currency of the charity. Monetary
amounts in these financial stalements are rounded lo the ne8r851 £.
The financial slalements have beèn pr8parÈd under the historical cost convention, modified to indude certain
financial instruments al fair valuel. The princip818ccountin9 policies adopted are sel ¢xrt be50w.
1.2 Golng concérn
At the time of approving the financial 8tst&m&nt8, the trustoas have a reasonable exp8Ctalion that the charity
has adequale resources to continue in operational existence for tho forèseeable future. Thus the trusteos
Continue lo adopt the going ¢oncem basis of accounting in preparing the financial statements.
1.3 Ch•rit8ble funds
Unrestricted funds are available for use at the discretion of the trustees in fijrtherance of their ¢h8rilable
objg¢tives.
Restricted funds are sublect to specific condition5 by donors or grantors as to how they may be used. Th6
purtK)sgs and usès ol tha rastricted funds are sel out in the notes to th8 financial statements.
Endowmant funds are subject to specific conditions by donors th81 the cap1tal must be rnaintainéd by the
charity.
1.4 Incom•
Income is recognised when the charity i818gally entitled to it after any perfomiance conditions have been mel,
the amounts can be measured reliably, and il is probable that income will be received.
Cash donations are re￿gnised on receipt. Other donations arg re¢ognis&d once the charity has been notified
of thè donation, unless performance conditions require defgrral of the amount. Income tax recoverablo In
rolalion lo donation5 recelved under Glft Aid or deeds of covenant is r8cognlsed at the time of the donation.
Lègacles are recognised on receipt or otherwise if the ¢harlty has been notified of an impendlng distrfbulon.
th8 amoLJnt Is known, and re￿Ipt is expected. If the amount Ss not known. the legacy is treated as 8
confjngenl asset.

PHGS FOUNDATION LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
ArKountlng pollel•s
IContlnu•dl
1.5 Expenditure
Expenditure is recognised once Ih¢re is a legal or ¢onstructive obligation to transfer economic btrnefil to a
third party, it is probable that a transfer of economic benefits wlll be r¢quirod in settlement. and th8 amount of
the obllgation can be measured reliably.
Expenditure is classifieLI by activty. The costs of each adivity aro made up of the total of direct Costs and
shared costs, including support costs involved in undertaking oach activity. Direct costs attributable lo a singl8
activity are allocated directly to that activity. Shared co315 which contributè to mora than one activity and
support costs which are not attributable lo a single acts'vity are 8PPOrtionod bolwogn those activities on a basis
consist&nt with tho use of resources. Central staff costs are allocal8d on th8 basis of time spent, and
d*prèci8tion Charges are allocated on the portion of the asset's use.
1.6 Intanglble flxed assets - goodwill
Goodwill represents the excess of the (x)sl of acquisition of unincorporated businesses over the lair v8luè of
nel assets acquired. 11 is initially recognised as 8n 8sset 8t cost and Is subsequently rneasured al cost 18SS
accumulated amortisalion and accumulated impairment losses. Goodwill shall be Considered to have a finite
usèful1118, and shall b& am0￿Sed on a systematic basls over its life.
1.7 Tanglbl• fixed assats
Tangible fixed assets are initially measured at cost and subsequenuy measurad at eost or valuation. net of
depre¢lafjon and any Impalment losses.
Depre¢latlon Is recognlsed so as to WTite off the cost or valuation of assets less th8lr ￿sIdUal values over their
useful Ilves on the followlng bases..
Leasehold improvements
FSxlures and fittlngs
20% redudng balance.
20% reducing balance.
The gain or Ios6 arising on the disposal of an asset 18 determined as the drffèrenca boiween the sale proceeds
and the carrying value of the asset, and is recognised in the stslemenl of finan¢ial actiVi￿eS.
1.8 Impalrment of flxed assets
At each reporting end dale, the charty re￿eWS the carrying amounts of its tangible and intangible assets to
determine whether there is any indication that those assets havè gLJffèrèd an impaimient loss. If any such
Sndication exists, the recoverable amount of Ihe asset is eslimated in order to dètermine the extent ol the
impaimenl l¢)ss lif gnyl.
1.9 C￿h and cash equivalents
Cash an¢Y ¢ash 8quivalents indude cash in hand, deposits held al call with banks, other $hort-temi liquid
investments with original maturities of throe months or less, and bank overdrafts. Bank overdrafts arg shown
within borrowings in current liabilities.
Baslc flnanclal assets
Basic financia5 assets, which include debtors and cash and bank balancas. are initially measured al
trans2ciK)n price including transaction costs and are subsequently carried al arnorb$8(J ¢ost using the effective
interost mèthod unless th& arrangèment constitutes a financAng Iransaclion, wh8re the transaction is
measured 8t the present value of the futurè r8C8iPts discounted at a market rale of interest. FÈn8ncial 8ssats
classified as receivable within one year are not amortised.
10-

PHGS FOUNDATION LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
Accounting policles
(Continued)
B*$ic financlalllabllltles
Basic financial liabilities, including creditors and bank loans are initially rect*JniseLY at transacbon price unless
the arrangernent constitutes a financing Iransa¢tion. where the debt instrument is measured al the present
value of the future payments discounted al a market rale of interest. Financral liabilities dassrfied as payable
within one year are not amortised.
Debt inslrurnents are subsequently carried at amortlsgd cost. using Iho effective interest rate method.
Trade credilors are obligations to pay for goods or services that have been acquired in ihe ordinary course of
operations Irom suppliers. Amounts p8y8b18 are classified as current liabilities if payment is due within one
year or less. If not. thay ar& prasantèd as non-currenl liabilities. Trade creditors are recognised initially at
transaction price and subsèquently tnea5ured al amortised cost using the effective inierest mèthod.
Dorècognltion olfinancial Ilablllties
Financial liabl1￿'eS are derecognised when the charty's contractual obligations expire or are discharged or
cancelled.
1.10 Employ09 bonaflts
The cost ol any unused holiday &ntitl8m&nl is recognised in tho period in which the employe8'8 seTvice8 ar8
received.
Términ8tion benefits a￿ recognised immediately as an expense when tha charlty is demonstrably committed
1¢ t8rminate th8 employment ol an employee or to provide teminatitsn benefits.
1.11 Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
Crltlcal accounting èstlmat•s and Judg•m•nt$
In the application of the charity's accounting policies, the trustees are reqUI￿d to make judgements, estimates
and assumptions about the carrying amount of assets and Ilabllities that are not ceadily apparent from other
sources. The estimates and associated assumptions are based on historical èxpariènea and 0tr8r factors that
are considered io be relevant. Aciual rosults may diffèr from thasa astim8las.
The estimates and undedying assumptions are reviewed on an ongoing basis. Rewsions to accounts'ng
estimates are recognisgd in the period in whrch 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 fv￿re
periods.
Incomè from donailon5 and18gaclg8
Unrestrlcted
funds
2024
Unrestrlcted
funds
2023
Donations and glfts
1,263,727
168,909
11

PHGS FOUNDATION LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST2024
In¢om8 from eharltablo actlvltl•s
Unr8stricted Unr•strl¢tod
funds
funds
2024
2023
Charflable activitles
429,729
41,055
Income from Invfjstments
Unre$trictgd Unr8$trlctgd
funds
fund$
2024
2023
Interest receivable
10
Expenditure on raising funds
Unrestricted Unrestrlcted
funds
funds
2024
2023
Fundralslng and publlclty
Advèrtlslng
Other fundraising costs
331
39,330
39,661
12-

PHGS FOUNDATION LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED
FOR THE YEAR ENDED 31 AUGUST2024
Expgndlture on ¢harltabl• a¢￿vItIeS
Charitsbl•
a¢tlvities
2024
Ch•ritsblo
a¢tlvltles
2023
Dirèct ¢o$ts
Staff Costs
Depreciation and impaimient
Bank charges
Consultancy
Legal and Professlonal fees
BoDks and curriculum
Exams fees
Food and 8chool outings
Extracurricular actsvilies
Security costs
Supply teachers costs
61,596
140,513
177
34.625
2,500
28,897
21,050
19,654
9,800
55.879
39,497
11.067
60
27.425
259
1,014,188
38,811
Grant funding of 8¢tivltles Isee note 81
60,381
119,980
Sharo of support and govamaneè costs Is•è not• 9
Support
Govemance
194,035
8,970
1,200
1,277.574
159.991
Analysls by fund
Unrestricted funds
1,277,574
159,991
Grants payable
Charltablo actbvltles
2024
Grants to institutions-.
Friends of Bels Soroh Schneir8r
Milal Tzedoko Vochesed Ltd
Other religitsus grants
18,500
31,300
10.581
60.381
During the year abtsve grants were made lo rellglous educatlonal Instllullons.
13-

PHGS FOUNDATION LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FQR THE YEAR ENDED 31 AUGUST2024
Support costs allocated to actlvltlo8
2024
2023
IT Expenditure
Telephone
Photocopier
Subscriptions
TravÈl
Cleaning
Other expenditure
Insurance
Govem8nce costs
5,221
2.891
5.313
5,717
58,735
39,501
40,985
35,672
8.970
1.2
203,005
1,200
Analysod bgtwe•n:
Charitable activitiès
203.tx)5
1.200
10 Net movomgnt In funds
2024
2023
The net movement fvnds Is stste(l after chargingllcredilingl-
Fees p8y8ble for the audit of the charitys financial statements
Dèpreciation of owned tangible fixed assets
ArnortIS￿on of Intsngible assets
4,000
138,563
1,950
1,200
11,067
11 Tru$te•$
None of the tnjstees lor any parsons wnn8Ctgd wth them) r8coived any remungr81ion or ben8fils from the
charity during th$ year.
12 Employee$
The average monthly number of 6mployees dudng the year was:
2024
Nurnber
2023
Number
26
Employm¢nt ¢o$ts
2024
2023
Wages and salaries
Other pension costs
614.100
45,463
661.596
14

PHGS FOUNDATION LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST2024
12 Employees
IContlnu8dl
Rgmun•ratlon of key managemgnt p&r80nn•l
Tha remuneration of key management persi)nnel was as follows..
2024
2023
Aggregalg compensation
85,842
13 Taxatlon
Th& charity 15 èxempt from tax on Ineoma and gains to the extent that these are applied tr) its eh8rltable
objects.
14 Intanglbl¢ fixed assets
Goodwlll
Co$t
Al 1 September 2023
Addltlons- 88paralely acquired
19,500
At 31 August 2024
19,500
Amortisation and impa5miont
At 1 S8plemb8r 2023
Amortisation charged for the year
1,950
At 31 Au9USt 2024
1,950
Carrylng amount
Al 31 August 2024
17,550
Al 31 August 2023
15-

PHGS FOUNDATION LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST2024
15 Tanglblè flxèd as5•ts
Leasehold Flxiures and
lrnprovements
flttlngs
Total
Cost
Al 1 September 2023
Additions
55.335
609,342
55,335
648,547
39,205
At 31 August 2024
664,677
39,205
703,882
Depreclatlon and Impalrm•nt
Al 1 September 2023
Depreciation charged in the year
11.067
130,722
11.067
138,563
7.841
Al 31 August 2024
141.789
7,641
149,630
Carrylng amount
At 31 August 2024
522,888
31,364
554,252
At 31 August 2023
M.268
44.268
16 CredStors: amounts falllng du8 within ong ygar
2024
2023
Othér taxation and social $9¢uriIy
Other creditors
Accruals and deferlgd In¢ome
84,778
76,942
4,800
166,520
17 Retirèrnent benefit schemes
2024
2023
Dèflned ¢ontrfbutlon $¢hèmes
Charge lo profil or Ios5 in respect of defined c￿tribu￿'0n schemes
45,463
The ¢hadty operates a deflned contribution pension scheme for all qualifying employees. The 8ssets of the
scheme are held separatety from those ofthe charity in an independenily administered fund.
le

PHGS FOUNDATION LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST2024
18 Unrestrlct•d funds
The unrestricted funds of the ¢harily comprise the unexpend&d balances of donations and grants which are
not subject to specrfic conditions by donors 8nd grantors as lo how they may be used. These include
designated funds which have bèen sel aside out of unrestricted funds by the trustees for specific purposes.
Incomlny
resources
Re50ure•s At 31 August
oxpendgd
2024
September
2023
General funds
50,058
1,693,466
{1.317.2351
426,289
Prévious Perlod:
At1
September
2022
Incomlng
resources
Rèsources At 31 August
exp?nded
2023
General funds
85
209.964
1159.9911
50,058
19 R&lated party transactlons
There were no disdosable related paty transactions during the year12023- none).
17-