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2025-06-30-accounts

Charity registration number 284447 (England and Wales)

THE BEIS MALKA TRUST

ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

THE BEIS MALKA TRUST

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Mr. A Grossman
Mr. A Taub
Mr. B Hofstatter
Mr J Bleichfeld
Charity registration England and Wales 284447
Principal address 93 Alkham Road
London
N16 6XD
Auditor Landau Morley LLP
325-327 Oldfield Lane North
Greenford
Middlesex
UB6 0FX

THE BEIS MALKA TRUST

CONTENTS

Page
Trustees' report 1 - 5
Independent auditor's report 6 - 8
Statement of financial activities 9
Balance sheet 10
Statement of cash flows 11
Notes to the financial statements 12 - 22

THE BEIS MALKA TRUST

TRUSTEES' REPORT

FOR THE YEAR ENDED 30 JUNE 2025

The trustees are pleased to present the annual report for the year ending 30 June 2025, which has been a very meaningful year of growth, learning and development for the school.

The financial statements have been prepared in accordance with the accounting policies set out in the notes to the financial statements and comply with the charity's governing document, the Charities Act 2011 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)" (effective 1 January 2019).

Objectives and activities

To advance the education of children and young people aged 2 to 16 years from the Jewish community by providing an educational framework which complies with standards identified by the Department for Children, Schools and Families (now the DfE).

To advance the education of the pupils at Beis Malka Nursery and School by providing and assisting in the provision of facilities beyond that which is required.

The objectives are achieved through the delivery of a vibrant, broad and balanced curriculum. Quality teaching is ensured through the provision of comprehensive CPD opportunities.

The Trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives. In planning its activities for the year, as can be seen from this report, the charity recognises that its aims are for the public benefit.

The school uses volunteers during lunch time to supervise children. The school also uses volunteers as assistants in the classroom to support teaching and learning.

Achievements and performance

Excellent results were achieved on all forms of assessment including SATs, GCSE and unit assessments across all departments. This reflects positive strides in learning and achievement in all subjects.

Our youngest students, aged 2-3 years continue to enjoy the new purpose-built setting that offers much space to explore, learn and develop. Our outdoor classroom was the base for much of the learning this term with a particular focus on water play and our transport topic. Having first-hand contact with the weather and nature created a lot of impromptu learning sessions about skies, bees and the ladybirds we loved discovering in the grass. We have introduced new music and movement sessions and the children enjoy creating sounds to familiar songs, as well as a new exercise routine. Baking sessions became an all-time favourite. Constant assessments evidenced how children made excellent progress through well planned activities and wide variety of resources made available.

The Early Years Department, based in Timberwharf Road, continues to offer a wide range of experiential activities, so that our children aged 3-5 can understand the many facets of the exciting world we live in and experience it with all of their senses. These included many short excursions such as listening walks, number walks and nature excursions. They also were enthralled to watch eggs hatch into chickens and a caterpillar turn into a butterfly.

Notable progress was made in reading in Reception class with most Reception leavers had read two additional books in the Read Write Inc series above previous years. This proves that the reading initiatives have been successful.

Special end-of-year and termly events celebrated key learning and developmental milestones and were well attended and received.

In advance of the new academic year, children in the Early Years were well prepared for upcoming transitions through ‘visits’ to the older class and introductions to their future teachers. These made a notable difference to students as transitions were made successfully. Newly registered children were introduced to their first topic ‘All About Yourself’ giving them the confidence and safe space to share about themselves and welcoming them to an open and warm environment. Good routines and a well-developed curriculum has certainly supported this success.

THE BEIS MALKA TRUST

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

As for the Primary School, notable progress was made by students in each Key Stage. End of year assessment results across classes and subjects were proof to this. Excellent SATs results showed our Year 6 students’ cumulative growth over their years in the primary department.

Many additional events and projects have also enhanced the school experience for students in Years 1 – 6. Notable among these are the A Mile a Day initiative where students came to school early to complete a mile of running around the school yard. National Numeracy Day was celebrated and enjoyed by many as was a very successful PSHE day.

In a very key development in the school, Art has been introduced to students in Years 4 and 5 creating much sensation. Much effort was invested in creating the curriculum, acquiring resources and staff recruitment. This has taken off very well and is already a favourite by students.

A new program is being introduced in KS1 called Heads Up. This was selected to address the overall rise in mental health concerns in students and is designed to give these young children the emotional vocabulary and early tools to express themselves when they are experiencing hardship and to help themselves cope with fears and stress.

Simultaneously, more students presenting with academic and mental health challenges have been identified for early intervention and plans have been customized to support them. External agencies including WHAMS and Relief have provided us with guidance and support. A child psychologist from WHAMS has been at the school once a month and has supported staff in identifying and dealing with struggling children, and has also advised parents how to support their child.

Students were vibrantly engaged in activities marking anti-bullying week creating an atmosphere of unity and high expectations. Notably, the ‘I Choose Respect’ programme made a great impact on students with the chant heard in classrooms across the year groups.

At Secondary level, students continued to say that they felt happy and safe at school. All students made excellent progress and GCSE results reflected the hard work of students and staff.

To promote goodwill, volunteering and sharing, the school launched a Fundraiser for Noa Girls whilst also promoting a healthy lifestyle. The girls used cookery skills to make a healthy salads and a smoothie bar that they sold during breaktimes. They were overwhelmingly successful, raising a stunning £3,000 that was deeply appreciated and acknowledged with a heartfelt note that is hanging in a prominent place in the school. This fundraiser was especially meaningful to students because Noa Girls have been giving them the tools to improve their emotional wellbeing through a number of mental wellbeing sessions they deliver at the school each year.

A new behaviour scheme has been rolled out, and now in the early stages of implementation. Students are earning credits for cooperation, effort and consistent application, while reminders keep early signs of misbehaviour in check. This has already had a great impact further improving the learning atmosphere for all.

Additional career guidance sessions and courses included Business Enterprise, Emergency First Aid. These were thoroughly enjoyed and greatly enhanced the knowledge and preparedness of students across year 6 – 11.

Students in Year 10 and 11 benefitted from two special overnight retreats for 2 days each. The division of responsibilities amongst the students ensured that all had a part in preparing either the décor, program or culinary delights culminating in a fantastic experience in an enabling environment. The rural setting, relaxed ambience and beautiful atmosphere engendered much happiness, friendship and improved general well-being.

THE BEIS MALKA TRUST

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

In another very special annual event, secondary school students produced a dazzling performance showcasing their singing, dancing and acting talent. All parts of the performance were created and led by the pupils themselves. This empowered pupils with many hard skills such as costume design, sewing, dancing, choreography etc as well as soft-skills including team-work, time-management, problem-solving and budgeting. The narrative took the rivetted audience back to Eastern Europe in the 1700s and followed the plot of an innkeeper who had his entire savings stolen by his trusted cook only to be returned a year later. This carried a strong message of resilience and hope, and that rectifying misdemeanours was always a way forward.

A very beautiful music concert was also staged by students in Year 8. As they worked towards their ABRSM certification, each at their own level, they were ready to spread joy to their family in their audience through their heart-warming music.

In our constant mission to improve provision, Rabbi Yodaiken LLE has continued to deliver CPD training sessions for staff in all departments. Notable developments were made.

The school has bought into the CPOMS system as a method of recording student performance, wellbeing and behavior. Staff have been trained and further training is expected.

Once again, new students were elected to the student forums of each department. The process saw a number of students nominated in each class each of whom presented their manifesto to their classmates which was then followed by a vote.

The safety of our pupils is at the heart of everything we do. Policies and procedures were reviewed so that they remained responsive to the times and in line with statutory requirements. These were shared extensively with stakeholders and students. DSLs from all departments met regularly to create a cohesive forum to share updates, anonymous case studies, training measures and ways to ensure their staff are committed to compliance. Personal safety sessions were once again delivered to students in all departments empowering students of all ages to protect themselves.

Financial review

The results for the year are shown in the attached financial statements.

The principal funding sources during the year were government grants and parental contributions

The risks and uncertainties facing the school are primarily the rising costs in all areas. Concurrently,the trustees acknowledge that many parents are struggling due to the cost-of-living crisis and this has impacted the contributions they are able to make to the school. This was a difficult decision, impacting our commitment to supporting the physical wellbeing of our students amidst rising operational costs and the cost-of-living crisis affecting our families.

The Trustees aim to keep reserves of one month's wages, approximately £180,000. Although the charity does not hold reserves at the year end, the trustees are confident that the increased income will enable the charity to rebuild these.

Going Concern

After making appropriate enquiries, the Trustees have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.

THE BEIS MALKA TRUST

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

Future developments

To meet public demand, the school intends to open an additional Early Years setting for children aged 9–23 months. This large-scale project will include staff employment and training, securing additional premises and project planning for effective delivery of a quality service.

Additional music sessions are in the pipeline for students in Key Stage 2. In addition to the educational benefits, these will be planned to enhance their cognitive, social, and emotional advantages, including enhanced brain development, improved language and reasoning, and better memory retention. These lessons will cultivate discipline, patience, and confidence, while offering a creative outlet and boosting academic performance in subjects like mathematics.

In the SEN department another calming corner will be created so that children who need a safe space to calm down or unwind between or during lessons. It is anticipated that this will enhance their behavioural and academic performance. A new sensory room is also planned for the Early Years department in the Timberwharf premises.

Structure, governance and management

The Beis Malka Trust is a Registered Charity (Charity no. 284447) and is constituted as an unincorporated association. Its objects, powers and other constitutional matters are set out in its Constitution. The management of the charity is the responsibility of the trustees who are elected and co-opted under the terms of the Trust deed. The charity is managed and controlled by the trustees, who meet regularly.

The trustees do not intend to appoint any new trustees for the foreseeable future. Should the situation change in the future, the trustees will apply suitable recruitment induction and training procedures.

The trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the charity, and are satisfied that systems and procedures are in place to mitigate the exposure to the major risks.

The trustees who served during the year and up to the date of signature of the financial statements were: Mr. A Grossman

Mr. A Taub Mr. B Hofstatter Mr J Bleichfeld

Statement of trustees' responsibilities

The trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that year.

In preparing these financial statements, the trustees are required to:

THE BEIS MALKA TRUST

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. 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.

The trustees' report was approved by the Board of Trustees.

Mr J Bleichfeld

Trustee Dated: 31 March 2026

THE BEIS MALKA TRUST

INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE BEIS MALKA TRUST

Opinion

We have audited the financial statements of The Beis Malka Trust (the ‘charity’) for the year ended 30 June 2025 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

THE BEIS MALKA TRUST

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF THE BEIS MALKA TRUST

Responsibilities of trustees

As explained more fully in the statement of trustees' responsibilities, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud.

We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations - this responsibility lies with management with the oversight of the directors.

The extent to which our procedures can detect irregularities, including fraud, is detailed below.

Owing to the inherent limitations of an audit, there is an unavoidable risk that some material misstatements of the financial statements may not be detected, even though the audit is properly planned and performed in accordance with the ISAs (UK).

THE BEIS MALKA TRUST

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF THE BEIS MALKA TRUST

The potential effects of inherent limitations are particularly significant in the case of misstatement resulting from fraud because fraud may involve sophisticated and carefully organized schemes designed to conceal it, including deliberate failure to record transactions, collusion or intentional misrepresentations being made to us.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https:// www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Other matters

Your attention is drawn to the fact that the charity has prepared financial statements in accordance with "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)" (as amended) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.

This has been done in order for the financial statements to provide a true and fair view in accordance with current Generally Accepted Accounting Practice.

Use of our report

This report is made solely to the charity’s trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity’s trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.

For and on behalf of Landau Morley LLP, Statutory Auditor

Chartered Accountants 325-327 Oldfield Lane North Greenford Middlesex UB6 0FX 31 March 2026

Landau Morley LLP is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006.

THE BEIS MALKA TRUST

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 30 JUNE 2025

Unrestricted
Restricted
funds
funds
2025
2025
Notes
£
£
Income and endowments from:
Donations and legacies
3
1,230,071
592,986
Other income
4
2,013,101
-
Total income
3,243,172
592,986
Expenditure on:
Raising funds
5
13,921
-
Charitable activities
6
2,629,443
721,396
Total expenditure
2,643,364
721,396
Net income/(expenditure)
599,808
(128,410)
Transfers between
funds
(132,891)
132,891
Net movement in
funds
466,917
4,481
Reconciliation of funds:
Fund balances at 1 July 2024
277,886
4,706
Fund balances at 30 June
2025
744,803
9,187		 Total
Unrestricted
Restricted
funds
funds
2025
2024
2024
£
£
£
1,823,057
1,021,283
529,430
2,013,101
1,747,632
-
3,836,158
2,768,915
529,430
13,921
7,059
-
3,350,839
2,619,395
632,802
3,364,760
2,626,454
632,802
471,398
142,461
(103,372)
-
(100,393)
100,393
471,398
42,068
(2,979)
282,592
235,818
7,685
753,990
277,886
4,706		 Total
2024
£
1,550,713
1,747,632
3,298,345
7,059
3,252,197
3,259,256
39,089
-
39,089
243,503
282,592

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

THE BEIS MALKA TRUST

BALANCE SHEET

AS AT 30 JUNE 2025

2025
Notes
£
Fixed assets
Tangible assets
11
Current assets
Debtors
12
241,301
Cash at bank and in hand
70,600
311,901
Creditors: amounts falling due within
one year
14
(287,361)
Net current assets/(liabilities)
Total assets less current liabilities
Creditors: amounts falling due after
more than one year
15
Net assets
The funds of the charity
Restricted income funds
17
Unrestricted funds		 2024
£
£
£
829,055
843,838
126,643
56,104
182,747
(380,224)
24,540
(197,477)
853,595
646,361
(99,605)
(363,769)
753,990
282,592
9,187
4,706
744,803
277,886
753,990
282,592

The financial statements were approved by the trustees on 31 March 2026

Mr J Bleichfeld Trustee

THE BEIS MALKA TRUST

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 JUNE 2025

2025
Notes
£
£
Cash flows from operating activities
Cash generated from operations
20
379,317
Investing activities
Purchase of tangible fixed assets
(68,881)
Net cash used in investing activities
(68,881)
Financing activities
Repayment of bank loans
(284,318)
Payment of obligations under finance leases
(11,622)
Net cash used in financing activities
(295,940)
Net increase in cash and cash equivalents
14,496
Cash and cash equivalents at beginning of year
56,104
Cash and cash equivalents at end of year
70,600		 2024
£
(21,973)
(44,282)
(11,622)		 £
115,807
(21,973)
(55,904)
37,930
18,172
56,104

THE BEIS MALKA TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

1 Accounting policies

Charity information

The Beis Malka Trust is a charity. The registered office is 93 Alkham Road, London, N16 6XD.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's governing document, the Charities Act 2011, 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 have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. 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. 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

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount.

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably.

Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.

THE BEIS MALKA TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

1 Accounting policies

(Continued)

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.

No amortisation has been provided on freehold land and buildings and long leaseholds as the assets are kept in good repair and their useful lives and estimated residual values are such that depreciation is not material. Assets are reviewed annually for any impairment. The trustees are of the opinion that the recoverable amount is in excess of the carrying amount and feel that no provision for impairment is required.

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:

Fixtures and fittings 17.5% reducing balance Motor vehicles 25% reducing balance Playground equipment 17.5% 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.

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.

THE BEIS MALKA TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

1 Accounting policies

(Continued)

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.

1.11 Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to net income/(expenditure) for the year so as to produce a constant periodic rate of interest on the remaining balance of the liability.

1.12 Government grants

Government grants relating to tangible fixed assets are recorded as deferred income and released to the Statement of financial activities over the expected useful lives of the assets concerned.

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

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.

THE BEIS MALKA TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

3 Income from donations and legacies

Unrestricted
Restricted
funds
funds
2025
2025
£
£
Donations and gifts
298,117
-
Grants
931,954
592,986
1,230,071
592,986
Donations and gifts
Other
298,117
-
298,117
-
Grants
Government grants
931,954
530,873
Other grants
-
62,113
931,954
592,986		 Total
Unrestricted
Restricted
funds
funds
2025
2024
2024
£
£
£
298,117
113,341
-
1,524,940
907,942
529,430
1,823,057
1,021,283
529,430
298,117
113,341
-
298,117
113,341
-
1,462,827
907,942
469,801
62,113
-
59,629
1,524,940
907,942
529,430		 Total
2024
£
113,341
1,437,372
1,550,713
113,341
113,341
1,377,743
59,629
1,437,372

4 Other income

Unrestricted Unrestricted
funds funds
2025 2024
£ £
Other income - 150
Rent receivable 36,927 43,644
Parental contributions 1,976,174 1,703,838
2,013,101 1,747,632

THE BEIS MALKA TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

5 Raising funds

Unrestricted Unrestricted
funds funds
2025 2024
£ £
Fundraising and publicity
Other fundraising costs 13,921 7,059
13,921 7,059

6 Charitable activities

Staff costs
Depreciation and
impairment
Educational supplies
Rent
Training
Exam fees
Support lesson costs
Share of support costs (see
note 7)
Share of governance costs
(see note 7)
Analysis by fund
Unrestricted funds
Restricted funds		 School Nursery
2025
£
551,841
2,273
15,848
86,400
13,578
-
-
669,940
115,540
9,725
795,205
735,300
59,905
795,205		 Total
2025
£
2,370,044
83,665
252,605
86,400
45,260
8,449
154,938
3,001,361
298,763
50,715
3,350,839
2,629,443
721,396
3,350,839		 School Nursery
2024
£
494,934
2,755
13,265
83,200
14,011
-
-
608,165
140,148
13,941
762,254
694,630
67,624
762,254		 Total
2024
£
2,195,525
86,318
223,540
85,100
46,703
27,486
137,936
2025
£
1,818,203
81,392
236,757
-
31,682
8,449
154,938
2,331,421
183,223
40,990
2,555,634
1,894,143
661,491
2,555,634		 2024
£
1,700,591
83,563
210,275
1,900
32,692
27,486
137,936
2,194,443
242,077
53,423
2,489,943
1,924,765
565,178
2,489,943
2,802,608
382,225
67,364
3,252,197
2,619,395
632,802
3,252,197

THE BEIS MALKA TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

7 Support costs

Utility and water
Repairs
Insurance
Travel expenses
Telephone
Cleaning
Security
Bank charges and
interest
Audit fees
Legal & professional fees
Analysed between
Charitable activities		 Support
costs
Governance
costs
£
£
22,616
-
99,004
-
30,414
-
34,726
-
11,301
-
46,018
-
57,631
-
(1,945)
-
-
10,815
-
38,900
299,763
49,715
298,763
50,715		 2025Support costs Governance
costs
£
£
£
22,616
62,471
-
99,004
116,429
-
30,414
26,217
-
34,726
23,794
-
11,301
11,605
-
46,018
54,000
-
57,631
64,870
-
(1,945)
22,839
-
10,815
-
11,600
38,900
-
55,764
349,478
382,225
67,364
349,478
382,225
67,364		 2024
£
62,471
116,429
26,217
23,794
11,605
54,000
64,870
22,839
11,600
55,764
449,589
449,589

8 Trustees

During the year a trustee was paid £9,679 (2024: £8,882) as an employee of the charity (not for trustee services).

9 Employees

The average monthly number of employees during the year was:

Part time teaching staff
Employment costs
Wages and salaries
Social security costs
Other pension costs		 2025
Number
312
2025
£
2,312,631
57,014
399
2,370,044		 2024
Number
316
2024
£
2,182,620
12,416
489
2,195,525

There were no employees whose annual remuneration was more than £60,000.

Remuneration of key management personnel

THE BEIS MALKA TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

9 Employees

(Continued)

The Key management personnel of the Charity comprise the Trustees and the Senior Leadership Team. The total employee benefits of the key management personnel of the charity were £99,742 (2024: £104,347 ).

10 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

11 Tangible fixed assets

Freehold land
and buildings
Fixtures and
fittings
£
£
Cost
At 1 July 2024
463,791
929,566
Additions
-
47,881
At 30 June 2025
463,791
977,447
Depreciation and impairment
At 1 July 2024
-
609,543
Depreciation charged in the year
-
64,383
At 30 June 2025
-
673,926
Carrying amount
At 30 June 2025
463,791
303,521
At 30 June 2024
463,791
320,022
12
Debtors
Amounts falling due within one year:
Trade debtors
Other debtors
Prepayments and accrued income		 Motor
vehicles
£
103,570
21,000
124,570
56,533
17,009
73,542
51,028
47,037		 Playground
equipment
£
58,826
-
58,826
45,838
2,273
48,111
10,715
12,988
2025
£
225,023
64
16,214
241,301		 Total
£
1,555,753
68,881
1,624,634
711,914
83,665
795,579
829,055
843,838
2024
£
122,177
45
4,421
126,643

THE BEIS MALKA TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

13 Finance lease obligations

Future minimum lease payments due under finance leases:

Within one year
Within two and five years		 2025
£
11,622
18,105
29,727		 2024
£
11,622
29,726
41,348

Two vans were purchased by hire purchase in 2022 and they will be paid back over a 60 month period. The interest rate was fixed at 3.9%.

A third van was purchased in 2023 and it will be paid back over a 60 month period. The interest rate was fixed at 5.2%.

14 Creditors: amounts falling due within one year

Bank loans
Obligations under finance leases
13
Other taxation and social security
Trade creditors
Other creditors
Accruals and deferred income		 2025
£
12,704
11,622
111,119
95,451
45,649
10,816
287,361		 2024
£
44,479
11,622
99,061
146,280
64,797
13,985
380,224

During the year, the bank loan, which was secured on the land and buildings, was fully repaid.

15 Creditors: amounts falling due after more than one year

Bank loans
Obligations under finance leases
13
Other creditors		 2025
£
-
18,105
81,500
99,605		 2024
£
252,543
29,726
81,500
363,769

During the year, the bank loan, which was secured on the land and buildings, was fully repaid.

THE BEIS MALKA TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

16 Retirement benefit schemes
2025 2024
Defined contribution schemes £ £
Charge to profit or loss in respect of defined contribution schemes 399 489

The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.

17 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

At 1 July 2024
Incoming
resources
Resources
expended
Transfers
At
£
£
£
£
Playground equipment
4,706
-
-
-
Security
-
62,113
(57,632)
-
SEND department
-
530,873
(663,764)
132,891
4,706
592,986
(721,396)
132,891
Previous year:
At 1 July 2023
Incoming
resources
Resources
expended
Transfers
At
£
£
£
£
Playground equipment
7,461
-
(2,755)
-
Security
224
59,630
(64,870)
5,016
SEND department
-
469,800
(565,177)
95,377
7,685
529,430
(632,802)
100,393
Analysis of net assets between funds
Unrestricted
Restricted
funds
funds
2025
2025
£
£
At 30 June 2025:
Tangible assets
819,868
9,187
Current assets/(liabilities)
24,540
-
Long term liabilities
(99,605)
-
744,803
9,187		 30 June
2025
£
4,706
4,481
-
9,187
30 June
2024
£
4,706
-
-
4,706
Total
2025
£
829,055
24,540
(99,605)
753,990

18 Analysis of net assets between funds

THE BEIS MALKA TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

18 Analysis of net assets between funds

Analysis of net assets between funds (Continued)
Unrestricted Restricted Total
funds funds
2024 2024 2024
£ £ £
At 30 June 2024:
Tangible assets 839,132 4,706 843,838
Current assets/(liabilities) (197,477) - (197,477)
Long term liabilities (363,769) - (363,769)
277,886 4,706 282,592

19 Related party transactions

Transactions with related parties

During the Year the charity entered into the following transactions with related parties:

The Charity operates from premises owned by BM Asset Management Limited, a Charity with a common trustee.

During the year, the Charity paid rent totaling £86,400 (2024: £83,200) to BM Asset Management Limited.

At the year end, £81,500 (2024: £81,500) was due to BM Asset Management Limited.

During the year, a donation of £233,706 (2024: £NIL) was received from BM Asset Management Limited.

During the year, the charity received £77,495 (2024:£113,847) from Happy Kids, a registered charity, in respect of recharged salaries and resources. Mr J Bleichfeld’s wife is a trustee of Happy Kids.

THE BEIS MALKA TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

20 Cash generated from operations 2025 2024
£ £
Surplus for the year 471,398 39,089
Adjustments for:
Depreciation and impairment of tangible fixed assets 83,665 86,318
Movements in working capital:
(Increase) in debtors (114,658) (94,722)
(Decrease)/increase in creditors (61,088) 85,122
Cash generated from operations 379,317 115,807
21 Analysis of changes in net funds/(debt)
At 1 July 2024 Cash flows At 30 June 2025
£ £ £
Cash at bank and in hand 56,104 14,496 70,600
Loans falling due within one year (44,479) 31,775 (12,704)
Loans falling due after more than one year (252,543) 252,543 -
Obligations under finance leases (41,348) 11,621 (29,727)
(282,266) 310,435 28,169