COMPANY REGISTRATION NUMBER: 873750 CHARITY REGISTRATION NUMBER: 248708 Beth Jacob Grammar School for Girls Limited CompAny Limited by Guaranlee Fin¥dncial Statements For the year ended 31 Aygust 2023 COHEN ARNOLD Chartered accountants & statutory auditor New Burlington House 1075 Finchley Road London NWII OPU
Beth Jacob Grammar School for Girls Limited Comp¥dny Limited by GUartee FiDY4ncial Statements Year ended 31 August 2025 Pages Trustees, annual report (incorporating the director's report) Ito4 Independent auditorfs report to the members 5t09 Statement of fmancial activities (including income and expenditure account) io Statement of financial position li Stat¢m¢nt of cash flows 12 Notes lo th¢ financial slatemenls 131021
Beth Jaeob Grammar Scbool for Girls Limited CoD)pany Limited by Guarantee Trustets, Annual Report (Incorporating the Director's Report) Year ended 31 August 2025 The trustees. who are also the directors for the purposes of company law, sent th¢ir rew)rt and the financial statements of the charity for Ihe year ended 31 Au8USt 2025. Reference and Administrntive detslls Regislered eharlty Dfdme Charity registrntion llumber 248708 Company rlItratIon number 873750 Principal office and reglstered Freshwater House offlce 158-162 Shaftesbury Avenue London WC2H 8HR Beth Jacob Grammar School for Girls Limited The trujtees Mr B.S.E Freshwal¢r Mr D. Davis Mr J. Ellinson (Di¢d l May 2025) Company secretary Audilor Mr J S Southgale Cohen Arnold Chartered accountants & statutory auditor New Burlington House 1075 Fin¢hl¢y Road London NWI I OPU B4Dkers Barclays Bank PIC Leicester LE87 2BB Struetiire9 governance and management The day lo day affairs of the Company are administered by an Executive Committee who receive no remuneration for their services and the Chairnian of which is Mr BSE Freshwater. The Trustees will apply suitable recruitment and training procedu$ should the Charity dlde to Appoint new Tnlstees. A5 the Charity is a Company limited by guarantee. its goveming documents are its MemoranduTll and Articles of Association. The Articles of Association of the Company do not require the Governors (Trustees) lo retire by rotation.
Beth Jacob Grammar School for Gir15 Limited Company Limit¢d by Guarantee Trustees, Annual Report Uneorporating the Direetor's Report) fcMIiNte4) Year ended 31 August 2025 Strnetiire? governanee mollagement feoniiffméd) Risk ManAgement The Charity has assessed the major risk5 to which the Charity is exposd, in particular those lo the operations and finances of ihe Charity, and is satisfied that Systems are in place to mitigate ils exposure to those risks. It is recognised that systems can only provide reasonable but not absolute assurance that major risks have been adequately tnanaged. Related Party Tr¥nsAction$ During th¢ year the Charity received us¢ of its premises rent free (market valu¢ r¢nt of £400,000) from Mayfair Charities Limiled. a charitable company of which Mr B S E Freshwater (8 Governor of this Charity) is a Governor. It also received £1.650,000 as donations towards the General Fund from The Raphael Freshwater Memorial Association Limited. a charitable Company of which Mr B S E Freshwater is a Governor. Objectives and aetivities The Comp8ny is established for CharitAble Purposes. its objects being to advance religion in aecordartce wilh the Orthodox Jewish faith and for such oth¢r purposes as are recognised by English IAW as charitsble. The Charity operates the Beth Jacob Grammar School for Girls. which is based in North West London and aims to provide ils pupils with a sound educalion of the highest order, providing reli8ious insiruclion and training therein in accordance with the doclrines and principles of Orthodox Judaism. The Governors (Truslees) in conjunction with senior staff oversee the strntegy. perforniance and day to duy up¥ruliuns ufili¥ Beili JuL¢Jb GrJIiiiiiur S¥livol for Girls. The Governors (Trust¢¢s) confirm their compliance with the duty to have due regard to the public benefit guidance published by the Charity Commission when reviewing th¢ Charity's aims and obj¢¢lives and in plannin¥ future activities. A5 & matter of policy the Charity does not r¢fus¢ education to those unable to contribute to the cost thereof and accepts sludenls of mixed abilities. During the year parental contribution5 covered approxitnately l 00/0 of the cost of running the school. The remainin8 b&lance was Covered by charitable donations with the major portion being provided by The Raphael Freshwater Memorial Association Limnited, a charity with Governors (Trustees) in common wilh lh¢ Chariry. Acbievements And performgnce The Chariry has continued to provide a first class education to the pupils as bome out by the school's last Ofsted report on I Ith February 2025, classifying it as 'good' in the quality of education and 'outstanding' in behaviour and attitudes of the students. The financial results for the year under review set out in the attached Financial Statements together with the Notes thereon.
Beth Jacob Grammar School for Girts Limited Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (¢on¢iNied) Year ended 31 August 2025 Financial review R¢serves Pollcy The Charity has £92,738 of free rese¢$ at 31 August 2025. The Trustees further Consider ihat an adequate level of resources will be avai18bl¢ to the Charity to fund ¢haritable expenditure and the day-t day running costs of the School on the basis of continued support from The Raphael Freshwater Memorial Association and M&yfair Charili¢s Litnited. Plans for the future The Governors (Trustees) consider that the success of the school over ihe last few years indicates the appropriateness of the Charity's strategy. The Governors (Truslce5) plan to ensure that the stand&rd of education remains high. Fixed Ae(S The movements in fixed a5set5 are fully reflected in Note 14 to the Financial Statements. Following the expiry of the lease granted by Mayfair Charities Limited (Mayfair) on the land occupied by the School, the Charity continues to hold-over as lessee of the premises and remains in occupation thereof rent free. In accordance with the Sialement of Recommended Practice for charities. this has been recognised in the Financial Statements as both voluntary income and resourc¢5 expended. at the Governors, (Trustees'} estimated annual rental market value of £400,000. Trustteg, responsibilities Statement The trusl¢¢s, who are also directors for the purposes of company law, are responsible for preparing the trustees, report and the financial stat¢ments in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted A¢counling Practice). Company law requires the charity trust¢es to prepare financial statements for each yegr which give a tru¢ and fair view of the state of affairs of the charitable company and the incoming resour¢es application of resources, including the incom¢ and expenditure, for thal period. In preparin8 these financial slalemenls, the trustees are required to: select suitable accounting policies and then apply them consist¢ntly J observe the methods and principles in the applicable Charities SORP. make judgments and accounting elmleS that are reasonable and prudent. prepare the finAnci&l statements on the going concern basis unless it is inappropriale to presume ihat the charity will continue in busines5. The trusle¢s are responsible for keeping adequate accounting records that are su1Clent to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them lo ensure that the finan¢ial statements Comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Beth Jacob Grammar School for Girls Limited Company Limited by Guarantee Trustees, Annual Report (Ineorpornting Ihe Director's Report) Year ended 31 August 2025 Auditor Earh of the persons who is a trustee at the date of approval of this report confim)s that: so far as they are aware. there is no relevant audit inforniation of which the charity's auditor is unaware. and they have taken all steps that they ought to have t&ken as a trnstee to make themselves aware of any relevant audit inforniation and to ¢$18blish thal the charity's auditor is aware of that infom]ation. Small ¢ompAny provlslons This report has been prepared in accordance with the provisions applicable to ¢ompanies cnlitl¢d to the small companies exemption. The trustees, annual report was approved on trustees by.. ilrt 2U.6........ and signed on behalf of the board of Mr B.S.E Freshwater Trust¢¢
Beth Jacob Grammar School for Girls Limited Company Limited by Guv4rantee Independent Auditor's Report to the Members of Betb Jaeob Grammar School for Girls Limited Year ended 31 August 202S Opinion We have audited the financial statements of Beth Jacob Grammar School for Girls Limited (the 'charity') for the year ended 31 August 2025 which cotnprise the statement of financial activities (includin8 income and expenditure account), statement of financial position, statement of cash flows and the related notes. including a summary of significant a¢countliig policies. The financial reporting framework that has been applied in their prcparation is applicable law and United Kingdom Accounting Standards, in¢luding FRS 102 Th¢ Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practiee). In our opinion the financial statements= give a truc and fair view of the state of the charity's affairs as at 31 August 2025 Hnd of ils incoming resources and application of resources. including ils income and expenditure. for the year then have been prop¢rly prepared in accordance with United Kingdom Generally Accepted Accounting PraLtice' have been prepad in accordance with the requirements of th¢ Companies Ac¢ 2006 and the Charities Act 2011. Basis for opinioll We conducted our audil in accordance wilh Intem8tional Standards OD Auditii)g (UK) (ISAS (UK)) and applicable law. Our responsibilities under those siandards are further described in the auditor's resp)nsibilities for the audit of the financial statements seLlion of our report. We are independent of the harity in accordance with the ethical requirements that Are relevant to our audit of the financial statemenls in tho UK, including the FRC's Ethical Standard, and we h&v¢ fuifille¢J our otlier etliical responsibilities in Accordance with these requirements. We believe that the audit evidence we have obtained is Slifficienl and Appropriale lo provide a basis for our opinion. C0ClUSIOnS relating to going eottcern In auditing the financial statements. we have concluded that the trustees, use of the going concern basis of accounting in the preparation of the financial stalements is appropriate. Based on th¢ work we have perfornied. we have not identified any material uncertainties relating to events or condition5 that, individually or collectively? may ¢ast significant doubt on the cl)arity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authoris¢d for issue. Our r¢sponsibilitie5 and the responsibilities of the trustees with respect to goin8 concern are d¢ribed in the relevant sectioris of this report.
Beth Jacob Grammar School for Girls Limited Company Limited by Guarantee Independent Auditor's Report to the Members of Beth Jacob Grammar School for Gir Limited (Cmill¢ Year ended 31 August 2025 Other inforniation The other information comprises the infomialion included in the annual report, other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information. Our opinion on the financial statements does not cover the other infornjation and. except to the extent otherwise explicitly stated in our reporL we do not express any form of assurance con¢lusion thereon. In connection with our audit of the financial statenients, our responsibility is to read the other infom)&tion and. in doing so, Consider whether the other inforn)ation is materially inconsistent with the financial statements or our knowledge obtained in ihe audit or othenvise appears to be materially misstated. If we identify such material inconsistencies or appareiit material misstatements, we are required to determin¢ whether there is a material misstatement in ihe finat7cial statemen15 or a maleriBI mi5Stalement of the other information. If, based on Ihe work we have performed, we concSude ihal Ihere is a material misstatemeiit of this other inforniation, we are required to report that fact. We have nothing to r¢port in this regard. Opinio¥ on other matlers preytrlbed by ¢be Companles Act 2fM)6 In our opinion. bas¢d on the work undertaken in the course of ihe audit: the inforniation given in the trustees, report for the financial year for which the financial statements are prepared is consistent with the finan¢i81 statements. and the trustees, report has been prepared in accordance with applicable legal requirements. Matters oll wbich we are required to report by exceptlOD In lh¢ light of the knowledge and understanding of the charity and its environment obtained in the course of the audi¢ we have not identified material misstatem¢nls in the ttusl¢¢s' report. We have nothing to report in r¢spect of the following matters in relation to which th¢ Companies Act 2006 and the Charities Act 2011 requires us to report to you if, in our opinion: adequate accounting records have not been kept. or returns adequate for our audit have not been received from branches not visited by us. or the financial statements are not in a8reement with the accounting records and retums; or certain disclosures of trustees, remuneration specified by law are not made. or w¢ have not received all th¢ information and explanations we requir¢ for our audit. or the truslee5 were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies, exemptions in preparing the director5, repot1 and froin the requirement to prepare A strategic report.
Beth Jacob Grammar School for Girls Limited Company Limited by Guarantee Independent Auditor's Report to the Members of Beth Jacob Grammar School for Girls Limited (e•ttilnue Y¢ar ended 31 August 2025 Respon$ibllltle8 of trnstee8 As explained more fully in Il)e trustees, responsibilities statement, the tNstees (who are also the directors for the purposes of company law) are respoiisible 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 th&t are free from material misstatement. whether du¢ lo fraud or error. In preparing the financial statements. the trustees are responsible for assessing the charitys ability lo continue as a going concern. disclosing. ag applicable. matters related to going concem and usin8 the going ¢on¢ern basis of accounting unless the trustees either intend lo liquidate the charity or to cease operdlions. or have no realislic ali¢rnaliv¢ but to do so. Auditor's responsibilities for the audit of ¢he financlal statements Our objectives are to obtain reasonabl¢ assurance about whether the financial statements as a whole are free from material misslalement, wh¢ther due to fraud or error, and to issue an auditor's report thal includes our opinion. Reasonable assurance is a high l¢v¢l of assurance, but is not a guarnnlee ihat an audit conducted in accordance with ISAS (UK) will always detect & material misstatement when it exists. Misstatements can arise from frdud or error and are considered material if, individually or in the aggregate, they could reason&bly be expecied io influ¢n¢e the economic decisions of users taken on the bASiS of these financial slalem¢nts. Irregularities, including fraud, are instances of nOnOMplince with laws and regulations. We de51 procedures in line with our responsibilities, outlined above, to delect material misstatements in respect of irregularities, including fraud. The extent lo which our procedures are ¢apable of dclecting irregularities, including fraud is detailed below: We obtained an underslanding of the legal and regulatory frameworks that are applicabl¢ to the harity through discussion with the trustees and identified financial reporting legislation and charity legislation as being most significant to these financial stalemcnts. We communicated Iliese identified frameworks amon8St our audit team and remained alert lo any indication5 of non-compliance throughout the audil. W¢ en5vred that the engagement team had sufficient competsnce and capability to identify or recognise non-compliance with the laws 8nd re8ulations. We dis¢ussed with the trustees the policies and procedure5 regArding compliance with these legal and re8ulatory framework5. We assessed the susceptibility of the charity's financirll stalemenls to material misstatement due to non-compliance with legal and regulatory frameworks, incliiding how fraud might occur, by enquiry with th¢ trustees during the planning and finalisation phases sta8es of our audit. The susceplibility to su¢h material mi5slatetnent was d¢lermined to be low. Based on this understandin& we designed our audit procedures to identify non-compliance with the identified legal and regulatory frameworks, which wer¢ part of our procedures on the related financial statement items.
Beth Jacob Grammar School for Girls Limited Company Limited by Guvdrantee Independent Auditor's Report to the Members of Beth Jaeob Grammar School for Girls Limiled (¢oRhnue Year ended 31 August 2025 As part of an audit in a¢¢ordance with ISAS (UK), we exercise professional judgment and maintsin professional scepticism throughout the audit. We also.. Identify and assess the risks of material misslatement of the financial slatements, whether due to fraud or error. desi8n and perform audit predureS resFK)nsive to ihose risks, and obtain audit evidence that is sufficient and appropriate to ptDvide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omi5siofbS, misrepresentation4 or the overrid¢ of internal control. Obtain an understanding of internal control relevanl to Ihe audit in order to d¢5i8n audit procedures Ihal are appropriate in ihe ¢ir¢umstances, but not for the purpose of expressing an opinion on th¢ effectiveness of the intemal control. Evaluate the appropriateness of accounting policie5 used and the reasonableness of accounting estimates and relaled di10$Ur¢S made by the trustees. Conclude on the appropriateness of the trustees, use of ihe going concem basis of aecounting and, based on the audit evidence obtsin¢d, whether a material uncertainly exists related to events or Conditions that may cast significant doubt on the charity's ability to conlinue as a going concern. If w¢ coiiclude thrlt a material uncertainty exists. we ar¢ required to draw altenlion in our auditor's report to the related disclosures in the financial statements or, if such disclosures are inadequate. lo modify our opinion. Our ¢onclLisions arc baqed on the audit evidence obtained up to the dale of our aLiditor's repori. However. future events or conditions may cause the charity io cease to continue as going concern. Evaluate the overall PrentatIOn, structure and content of tlie financial statements, including the disclosurcs, and wh¢th¢r the financi&l ststements p5[lI ili¥ uiiJei'lyiii8 Ii'aiiwtioiis aiid eveiits in manner that achi¢v¢s fair presentation. We communicate with those charged with governance re8ardin& among other matters, the planned scope and timii)g of the audit and si8nificant audit findings, including any significant deficiencies in internal control that we identify during our audit.
Beth Jaeob Grammar School for Girls Limited Company Limited by Guarantee lodependent Auditor's Report to the Members of Beth Jacob Grammar School for Girls Limited (coniivNedJ Year ended 31 August 2025 Cohen Arnold is eligible to act as aD auditor in ternis of s¢ction 1212 of the Companies Act 2006. Use of our report This report is made solely to the charity's members, as a Ix)dy. in accordance with section 144 of the Charities Act 2011 and regulations made under section 154 of that Act. Our audit work has been underthken so that we might stat¢ to the charity's members those marters we are required to state to them in an auditorfs report and for no other purpose. To the fiillest extent perniitted by law, we do not V4¢cept or assume responsibility to anyone other th&n the charity and the charity's members as a body. for our audit work. for this report, or for the opinions we have fonned. /1 Moshe Broner-cohen (Senior Ststutory Auditor) For and on behalf of Cohen Arnold Chat1¢red accountants & slalutory auditor New Burlington I louse 1075 Finchley Road London NWII OPU
Beth Jacob Grammar School for Girls Limited Compvdny Limited by Guydrantee Statement of Financial Activitie8 (including income and expeDditure accoullt) Year ended 31 August 2025 2025 2024 Unrestricted funds Restricted funds Total funds Total fijnds Note Ineome and endowments Donations and legacies Investment income 2.940.297 167 110,941 3,051238 167 3.284,367 177 Total Income 2,940.464 110,941 3,051.405 3,284.544 Expendliure Expenditure on chArilable aclivili¢s Total expenditure 70 (3,409.789) (110,941) (3520.730) (3,228.676) (3.409.789) (110.941) (3520.730) (3.228.676) Net (expendi¢ure)IiDcome and net movemejht In funds (469,325) (469J25) 55.868 ReeoneiliatlOD of fundA Total funds brought forward Total funds carried fonvArd 672.822 203,497 672022 203.497 616,954 672,822 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing a¢livities. Th¢ nott$ on pt& 13 to 21 form pArt of these financial statemeNts. io-
Beth Jacob Grammar Sehool for Girls Limited Company Limited by Guarantee Stalement of Financial Position 31 August 2025 2025 2024 Note Fixed amets Tangible fixed assets Curren¢ auets Debtors Cash at bank and in hand 14 110.759 136.174 15 21045 150229 16,949 585,116 172,074 (79J36) 92,738 203,497 602.065 Credltors: amounts falling due wi¢biD one year Nel Current Set3 16 (65.417) 536,648 672.822 TotAI asgets less current liabllliies Net a88et8 21b3,497 672,822 Funds of the chArity Unrestri¢l¢d funds 203,497 672,822 Total cbarity fuDd$ 18 203,497 672.822 These financial statements have been prepared in accordanc¢ with the provisions appli¢able to companies subjec1 to the small companies, regime. These financial statements re approved by the board of trustees and authoris¢d for issue on 2•26...., and are signed on bclialf of ilie board by: Mr B.S.E Freshwater Trustee The thot¢$ on pgges 13 to 21 form part ofthese tlnanc•&l ststements.
Beth Jacob Grammar School for Girls Limited Company Limited by Guarantee Statement of Cash Flows Year ended 31 August 2025 2025 2024 Cash flows from opern¢iDg activities (expenditureyincome Adjuslmentsfor.. Depreciation of tangible fixed assets Other interest receivable and similar income Interest payable and similar charges Accrued expenses Change.w in.. Trade and other debtors Tradc and oiher creditors (469,325) 55,868 32,765 (167) 64,006 19,919 40,105 (177) 64,851 .077 (4,896) (6,INIO) (363,698) (64,006) 167 (4,713) 13 Cash generated from operations Interest paid Interest re¢eiv¢d 157,024 {64,851) 177 Net cash (used in)Ifrom operating activities {427J37) 92,350 C8ib nows from Investing aetivitie8 Purchase of tangible asscts Net cash used in investing activities (7JS0) (7J50) (31,744) (31,744) Net (deerease)Ilncrease in cash and cash equivalents CAsb and Cash equivAleDts At btginnlng of year C*sh eash equivAlentJ at end of year {434087) S85,116 150229 60.606 524,510 585.116 Tht notes on p¢S 13 to 21 form p4rt of tbtse flngntlAI Stateents. 12-
Beth Jacob Grammar School for Girls Limited Company Limited by Guarunlee Notes to the Financial Statements Year ended 31 August 2025 Gellerdl Inforniation The charity is a public benefit entity and a private company limited by guarantee, registered in England And Wales and a registered charity in England and Wales. The address of the registered otTice is F$hWater House. 158-162 Shaftesbury Avenue. London. WC2H 8HR. StatemeDt ofcompliance These financial statements have been prepared in compliance with FRS 102, The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of Recommended Prdctice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK &])d Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Companies Act 2006. A¢¢ounting polieles B4Jis of preparAtlon The financial stat¢m¢nts have been prepared on the historical cost basis 8nd the functional CuencY of the charity is st¢rling, rounded to the nearest whole pound. The charity meets th¢ definition of a public benefit entity under FRS 102. Going concern There are no material un¢¢rtainties about the charity'5 ability lo continue. Judgements And key sourtts of estlmation uncertalnty The preparation of the financial $l&temenls requires management to mak¢ judgements, estimat¢s and assutnptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including exp¢¢tations of future events th&t are believed to be reasonable under the C1UMStanceS. There have been no material adjustments based on ¢stimations and assumptions during the financial year. Fund accounting Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted ndS earniarked by th¢ Irustees for particular future project or comtnitment. Reslricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes.. restricted in¢ome funds or endowment fui)ds. 13-
Beth Jacob Grammar School for Girls Limited Company Limited by GuaraDt¢¢ Iyotes to the Financial Statements (eoNiln#ed) Year ended 31 August 2025 Accounting pollcles (tonthiuedj Incoming resourees 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 associat¢d with the transaction will flow to the charity and the amount can be reliably measured. The following specific poli¢i¢s are pplied to parliculor categories of income.. income from donrltions or gTants is COgnised when the is evidence of entitlement to the gift. receipt is probable and its omount can be measured reliably. legacy income is recognised when receipt is probable and entiil¢ment is established. income from donat¢d goods is measured at the fair value of the ¥oods unless this is impractical to measure reliablyj in which case the value is derived from ihe cost to the donor or the estimaled r¢sale value. Donated facilities and services are re¢ognised in the accounts when received if the value can be reliably m¢8sured. No 8mounls are included for the contribution of general volunteers. income from contracts for the siipply of services is recognised with the delivery of the contracted s¢rvi¢¢. This is classified as unrestricted funds unless there is a ¢ontractual requiremenl for it to be spent on a particular purpose and relurned if unspent. in which case it may be re8arded as restricted. Resources expended Expenditure is recognised on an accruals basis as A liability is incutTed. Expenditure includes any V AT which cannol be fully recovered, and is classified under headings of the statement of financial activities tn which it relates.. expenditure on raising funds includes the costs of all fundraising activities. evenls, non- charitable trading activities. and the sale of donated goods. expenditure on charitable activities includes all costs incurred by a charity in undertaking aclivilies that further its Gharitable aims for the benefit of its beneficiaries, in¢luding those support costs and costs relating lo the governan¢¢ of the charity apportioned to charitabl¢ activities. other expenditure includes all expenditure that is neither related lo raising funds for the charity nor PArt of its expenditure on ¢harilRble activities. All costs are allocated to expenditure categorie5 reflectin8 the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared Costs are apportioned between the activities they contribute to on a reasonable, justifiAble and consistent basis. Tangible A8se18 Tangible assets are initially recorded al c05t, and subsequently stated al cost less any accumulat¢d depreciation and impairment losses. Any l&ngible assets Caled at revaliied amounls are r¢¢orded at th¢ fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulaled impairment losses. 14-
Beth Jacob Grammar School for Girls Limiled Company Limited by Guarantee Notes to the Financial Statements fem•e4) Year ended 31 August 2025 Accounting polities Tangible assets fcoRllnued) An in¢rea5e in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses 8 Charge for impairnient that has previously ken recognised as expenditure within the statement of financial aclivities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, ¢xcept to which it offsets any previous revaluation gain. in which case the loss is shown within other recognised gains and losses on the statement of financial activiti¢s. Depreciation Depreciation is calculated so as to write off the cost or valuation of An asset, les5 ils residual value. over the useful economic lif¢ of that asset as follows: Long leasehold property Fixtures & Fittings Equipment Imp4lrment of fixed assets review for indicators of ImpalmnI is carried out at each reporting date, with the recov¢rabl¢ amount being ¢51imated where such indicators exist. Where the carrying value exceeds the reLuverable amount, the asset is impaired accordingly. Prior impairnients are also reviewed for possible reversal at each reporting dal¢. For the purpos¢s of impairment testin81 when it is not Possible to estimate th¢ recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generatin8 unit to which the asset belongs. The ¢ash-gener&ting unit is the smallest identifiable group of as%ts that includes the asset and general¢s ¢ash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairnient testing of goodwill, the goodwill acquired in a busines5 combination is. from the acquisition date, allocated to ¢ach of the cash-generating units that ar¢ expected to benefit from the synergies of the combination, ]espeCtive of whether other assets or liabilities of the charity are assigned to those units. Finanei*l instrument9 I/Tr Strai8ht line 15 /0 reducing balance 20Yo Straight line Financial instruments are classified and accounl¢d for, according to the substance of the ContracvIl arrangement, as either financial assets, financial liabilities or eguity instruments. An equity instrutnent is any ¢ontra¢t that evidences a residual interest in th¢ assets of the Company after deducting all of its liabilities. Defined contributlon plans Contributions to d¢fin¢d contribution plans are recognised as an expense in the period in which the rela(ed seTrice is provided. Prepaid coiitributions are recognised as an asset to the extent that the pr¢paym¢nt will lead to a reduction in future payments or a cash refund. When conlributions are not expected to be settled wholly witliin 12 months of the end of the reporting date in which th¢ employees render the related servic< ihe liability is measur¢d on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises. 15-
Betb Jaeob Grammar Sebool for Girls Limlted Company Limited by Guarantee Notes to the Finanelal Stalements (eonthued) Year ended 31 August 2025 Limlted by gyarnntee The offici81 name of the Charity is Beth Jacob Grammar School for Girls Limited, a Company limited by guaraTrtee. Its company gIStration number is 873750 and its regislered charity number is 248708. Donations And legAcle8 Unrestricted Fund5 Restricted Totsl Funds Funds 2025 Don4tlon$ Parental Volunlary Contributions Donalions - Qeneral Fund Grants 319,540 2,620.757 319.540 2.620,757 110,941 3,051238 110,941 110,941 2.940.297 Unrestricted Funds Restricled Total Funds Funds 2024 DonAtiolls Parental Voluntary Contribulions Donations - General Fund Grants 321,282 2.856,647 321,282 2,856.647 106.438 3,284,367 106,438 106,438 3,177,929 Investment income Unrestricted Total Funds Unrestrictd Toi81 Funds Funds 2025 Funds 2024 Bank interest receivable 167 167 177 177 16-
Beth Jacob Grammar School for Girls Limited Company Limited by Guarantee Notes to the Finaocial Statements (¢04th4erfJ Year ended 31 August 2025 Expenditllre on eharltable activities by fund type Unrestricted Funds Restricted Tot*1 Fullds Funds 2025 Charitable Activity Support costs 3.350.993 58.796 110,941 3,461,934 58.796 3,409.789 110,941 3,520,730 Unrestricted Funds Restricted Total Funds Funds 2024 Charitable Activity SupF¥)rt costs 3,086.499 35.739 3.122.238 106,438 3.192.937 35,739 3,228,676 106,438 Expenditure on ebarilAble 4ctivitle$ by actlvlty type Activities undertaken directly Support costs Total fllndj 2023 Total fund 2024 Charitable Aclivity Governance costs 3.461,934 1.532 57,264 58,796 3863,466 57264 3,520,730 3.195,063 33,613 3.228,676 3,461,934 AD4tysis of support ¢0St8 Analysis of support costs Total 2025 Tot812024 Finance costs Govern8n¢e costs 1.532 57,264 1532 57264 2,126 33,613 35.739 58,796 58,796 10. Net (expeDditure)/income Net (expenditureyincome is ststed after ¢harging/(¢rediting): 2025 2024 Depreciation of tangible fixed assets 32,765 40.105 17-
Beth Jacob GrammAr School for Girls Limited Company Limited by Guarantee Notes to the Financial Statements (Colme1) Year ended 31 August 2025 11. Auditors remuneration 2025 2024 Fees payable for the audit of the financial st4tements 130(Kl 16.800 12. Staff costs The loial staff costs and employe¢ benefits for the r¢porting period are analysed as follow5: 2025 2024 Wages and larIeS Social security costs Employer contribulions to nSiOn plans 2038,749 181 55 43,061 2263 J65 1,834,505 138,091 38,822 2,011,418 Th¢ average head count of employees during ihe year was 99 (2024: 91). The av¢ra8e number of full-time equivalent employee5 during the y¢ar is analysed as follows: 2023 2024 No. No. Head Tcachet Teaching Staff Admin Staff 50 io 46 12 63 61 The number of employees whose remun¢ration for the year fell within the following bands, were.. 2025 2024 £60,000 to £69,999 £70,000 to £79.999 13. Trustee remunerAtlon and expenses No remuneration or other benefits from employment with the charity or a related entity were received by the trustees 18-
Belh Jaeob Grammar School for Girls Limited Company Limited by Guarantee Notes to the Financial Statements feoRliMtse4> Year ended 31 August 2025 14. Tallgible fixed gssets Long leasehold Fixtures and propety fittings Equipment Total C051 At I September 2024 Additions 35,130 349,120 718 413.761 6.632 420.393 798,011 7050 805J61 At 31 Augu8¢ 21125 Depreelatlon At I S¢pt¢mber 2024 Charge for the year At 31 August 2025 Carrying Amoynl Ai 31 August 202S Ai 31 Augu512024 35,130 349,838 10,539 3.513 269,135 12,105 281.240 382.163 17,147 399.310 661.837 32,765 694,602 14.052 21.078 24.591 68.598 21,083 31,598 110.759 136.174 79,985 15. Debtor8 2025 2024 Prepayments and accrued income Other debtors 12,845 9,000 12,569 4.380 16.949 21,845 16. Creditord: Amounts f4lling due wltbln one year 2025 2024 Accruals and deferred income Other ¢dItorS 75,769 3.567 55,850 9.567 79J36 65.417 17. Pensiolly and other po8¢ retirement benefits Defjned contributlon plans The aTnount rQgnised in income or expenditure as an expense in relation to defined contribution plans was £43.061 (2024: £38,822). 19-
Beth Jacob Grrdmmar School for Girls Limited Compfiny Limited by Guarantee Notes to the Financial Slatements (eonflnued) Year ended 31 August 2025 18. Analysis of charitble funds Unrestrlcted funds At I Sepmber 2024 At 31 August 2025 Income Expenditure General funds 672.822 2,940,464 (3,409.789) 203,497 At I September 2023 At 31 Au8USt 2024 Income Expenditure General funds 616.954 3,178,106 (3.122,238) 672.822 Restricted funds At September 2024 At 31 August 2025 Incom¢ Expenditure Restricted Fund 110.941 (110,941) At I September 2023 At 31 August 2024 In¢ome Expenditure Restricted Fund 106,438 (106.438) 19. AnlysiJ of thet 88ets between funds Unrestricted Tot41 Funds Fund5 2025 T&rtgible fixed assets Current assets Creditors less than l year Net assets 110,759 168,507 (75.769) 203,497 110,759 168,507 (75,769) 203,497 Unrestricted Total Funds Funds 2024 Tangible fixed assels Current assets Creditors less than l year Net assets 136.174 602.065 (65.417) 672,822 136,174 602.065 (65,417) 672.822 20-
Beth Jacob Grammar School for Girls Limited Company Limited by Guarantee Notes to the Financial Statements (¢ondnMdJ Year ended 31 August 2025 20. Financial instruments The ¢anying avnount for ea¢h cat¢gory of financial instrument is as follows.. 2025 2024 FillanclAI assets that are debt iDJtruments measllred at amortlyed eost Financial ass¢ts that are debt instruments measured at amortised cost 155,663 589,496 FIDanci&l liabilities meAsured at fair vwlue through income expeDdl¢ure Financial liabilities measured ai fair value through incom¢ and exp¢nditure 75,769 65,417 21. Analysls ofcbinges in net debt At At I Sep 2024 Cash flows 31 Aug 2025 Cash at bank and in hand 585.116 (434,887) 150229 22. Related partie8 During the year the Charity received £400,000 (2024.. £400,000) as donv4tions toivards the General Fund including the use of its premises rent free (market value rent of £400,000) from Mayfair Charitie5 Limited, a company of which Mr B S E Freshwater (a Governor of this Charity) is a Gov¢rnor. It also received £1,650.000 (2024.. £1.980,000) as donations towards the Generdl Fund from The Raph1 Freshwater M¢morial Association Limited, a company of which Mr B S E Freshwater is a Governor. 21-