REGISTERED COMPANY NUMBER: 01676956 (England and Wales)
REGISTERED CHARITY NUMBER: 286504
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
FOR
HUNTINGDON FOUNDATION LIMITED(THE)
Melinek Fine LLP
Chartered Accountants
Statutory Auditors
First Floor, Winston House
349 Regents Park Road
London
N3 1DH
HUNTINGDON FOUNDATION LIMITED(THE)
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
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Page |
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Report of the Trustees |
1 |
to |
4 |
Report of the Independent Auditors |
5 |
to |
8 |
Statement of Financial Activities |
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9 |
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Balance Sheet |
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10 |
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Cash Flow Statement |
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11 |
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Notes to the Cash Flow Statement |
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12 |
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Notes to the Financial Statements |
13 |
to |
18 |
HUNTINGDON FOUNDATION LIMITED(THE) (REGISTERED NUMBER: 01676956)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025
ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006,presenttheirreport with
thefinancialstatementsofthecharityfortheyearended31March2025.Thetrusteeshaveadoptedtheprovisions of
AccountingandReportingbyCharities:StatementofRecommendedPracticeapplicabletocharitiespreparing their
accountsinaccordancewiththeFinancialReportingStandardapplicableintheUKandRepublicofIreland(FRS 102)
(effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Charitable Objects
Theprincipalactivityofthecompanywasthatofacharity,withparticularreferencetotheestablishmentand continued
support of Jewish schools.
ThetrusteesconfirmthattheyhavereferredtotheguidancecontainedintheCharityCommission'sgeneralguidance on
publicbenefitandinparticulartoitssupplementarypublicbenefitguidanceonadvancingeducationwhenreviewing the
charity's aims and objectives and in planning future activities and setting the grant making policy for the year.
Therehavebeennomaterialchangesintheobjectivesorpoliciesofthecharityduringtheyear.Toachievethe objects,
thecharityusesitsincometomakecharitabledonationsandgrantstoJewishschools,othereducational organisations
and other charities.
STRATEGIC REPORT
Achievements and performance
Charitable activities
Thetrusteesarepleasedtoreportthat,asinthepast,schoolsassistedbytheFoundationcontinuetoprovidethe highest
standards within the National Curriculum and the provision of general Jewish education.
Theseschoolshavebeenrecognisedascentresofexcellenceinlearning.TheeffortsoftheTrusteesonbehalfof Jewish
educationhaveensuredthatthewiderAnglo-Jewishcommunityhasbeenmadeawareofthereligious educational
choices available.
Duringtheyearunderreviewatotalof£242,100(2024:£323,000)wasprovidedindirectassistanceofthe Foundation's
aims.
The purpose of the donations were as follows:
Religious, Educational and Other £242,100
Fundraising activities
Donationstogetherwithincomearisingoninvestmentswereconsideredreasonableandthetrusteesfeelthatthe present
level of income is sufficient to permit the charity to continue for the foreseeable future.
Asummaryofthecharity'stransactionsandofit'sfinancialpositionisshowninthefinancialstatementstogether with
the accompanying notes.
Investment performance
Under the memorandum and articles of association the charity has the power to invest in any way the trustees wish.
Thetrusteesaresatisfiedwiththereturnoninvestmentsachievedduringtheyearandfeelconfidentthatthecharity has
adequate reserves to fulfil its charitable obligations.
Internal and external factors
There are no specific factors to report.
Page 1
HUNTINGDON FOUNDATION LIMITED(THE) (REGISTERED NUMBER: 01676956)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025
STRATEGIC REPORT Financial review
Reserves policy
Thebalancesheetshowsasatisfactorypositionwithundistributedfundsamountingto£17,553,457 (2024:
£17,167,281).ThesefundsareallunrestrictedfundswhichhavebeenearmarkedbytheTrusteestobeinvested to
produce an income to further the principal activities of the charity.
Reserves
The Trustees do not maintain a reserves policy as resources are used as available.
Investment powers, policy and performance
ThecharityisabletomakeanyinvestmentwhichtheTrusteesseefitsubjecttoanyconditions(ifany)imposed or
required by law.
Future plans
TheTrusteesplantocontinuetosupportcharitiesandcharitablepurposesinaccordancewiththeirgrantmaking policy
and to ensure that the ability to generate sufficient income is maintained to achieve that end.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Thecharityiscontrolledbyitsgoverningdocument,adeedoftrust,andconstitutesalimitedcompany,limited by
guarantee, as defined by the Companies Act 2006.
Thecharityisconstitutedasacompanylimitedbyguaranteeandassuch,itsgoverningdocumentsareits Memorandum
and Articles of Association and was incorporated on the 10th November 1982.
TheTrusteesmeetseveraltimesduringtheyear,toconsiderthevariouswaysofadvancingtheprincipalactivitiesof the
trust. The power to appoint new trustees is vested in the continuing Trustees.
Governance and Internal Control
TheTrusteeshaveconsideredthecharity'spositionregardingtheinvestmentinlistedandotherinvestments(notes 9
&10)andareoftheopinionthattherearenoadditionalmajorriskstowhichthecharityisexposed.Fullprovision has
been made in respect of all losses to date.
Related Parties
The following entities are related parties to the charity;
Foframe of Huntingdon Limited-The charity has a 25% equity interest in this company.
Sixtrees Limited-Wholly owned subsidiary of Foframe of Huntingdon Limited.
Foframe Properties Limited-Wholly owned subsidiary of Foframe of Huntingdon Limited.
B E Perl Charitable Trust-A registered charity which is also controlled by the directors of this company.
Churchill House Management Limited-Wholly owned subsidiary of the B E Perl Charitable Trust.
GYG Estates Ltd (formerly The Pillar Ltd.) - a trading company controlled by the Trustees of this charity.
114647thStreetInvestmentsInc.-AwhollyownedcompanyofTheHuntingdonFoundationLimitedinthe United
States of America.
A summary of transactions with those parties is set out in note 14 to the financial statements.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
01676956 (England and Wales)
Registered Charity number
286504
Registered office
First Floor, Winston House
349 Regents Park Road
London
N3 1DH
Page 2
HUNTINGDON FOUNDATION LIMITED(THE) (REGISTERED NUMBER: 01676956)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025
Trustees
Ms R Jeidel (resigned 24.11.25)
Dr. S Perl
J D Perl
B E Perl MBE
Mrs N Tsorotzkin
A M Jacobs
Company Secretary
Dr. S Perl
Auditors
Melinek Fine LLP
Chartered Accountants
Statutory Auditors
First Floor, Winston House
349 Regents Park Road
London
N3 1DH
TRUSTEES' RESPONSIBILITY STATEMENT
Thetrustees(whoarealsothedirectorsofHuntingdonFoundationLimited(The)forthepurposesofcompanylaw) are
responsibleforpreparingtheReportoftheTrusteesandthefinancialstatementsinaccordancewithapplicablelaw and
UnitedKingdomAccountingStandards(UnitedKingdomGenerallyAcceptedAccountingPractice)including Financial
Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".
Companylawrequiresthetrusteestopreparefinancialstatementsforeachfinancialyear.Underthatlaw,the trustees
haveelectedtopreparethefinancialstatementsinaccordancewithUnitedKingdomGenerallyAccepted Accounting
Practice (United Kingdom Accounting Standards and applicable law).
Undercompanylawthetrusteesmustnotapprovethefinancialstatementsunlesstheyaresatisfiedthattheygivea true
andfairviewofthestateofaffairsofthecharitablecompanyandoftheincomingresourcesandapplicationof resources,
includingtheincomeandexpenditure,ofthecharitablecompanyforthatperiod.Inpreparingthosefinancial statements,
the trustees are required to
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the Charities SORP;
-
make judgements and estimates that are reasonable and prudent;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
Thetrusteesareresponsibleforkeepingproperaccountingrecordswhichdisclosewithreasonableaccuracyatany time
thefinancialpositionofthecharitablecompanyandtoenablethemtoensurethatthefinancialstatementscomply with
theCompaniesAct2006.Theyarealsoresponsibleforsafeguardingtheassetsofthecharitablecompanyandhence for
taking reasonable steps for the prevention and detection of fraud and other irregularities.
In so far as the trustees are aware:
-
there is no relevant audit information of which the charitable company's auditors are unaware; and
-
the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.
AUDITORS
The auditors, Melinek Fine LLP, will be proposed for re-appointment at the forthcoming Annual General Meeting.
Reportofthetrustees,incorporatingastrategicreport,approvedbyorderoftheboardoftrustees,asthe company
directors, on 30 January 2026 and signed on the board's behalf by:
Page 3
HUNTINGDON FOUNDATION LIMITED(THE) (REGISTERED NUMBER: 01676956)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025
J D Perl - Trustee
Page 4
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
HUNTINGDON FOUNDATION LIMITED(THE)
Opinion
WehaveauditedthefinancialstatementsofHuntingdonFoundationLimited(The)(the'charitablecompany')forthe year
ended31March2025whichcomprisetheStatementofFinancialActivities,theBalanceSheet,theCashFlow Statement
andnotestothefinancialstatements,includingasummaryofsignificantaccountingpolicies.Thefinancial reporting
frameworkthathasbeenappliedintheirpreparationisapplicablelawandUnitedKingdomAccountingStandards (United
KingdomGenerallyAcceptedAccountingPractice),includingFinancialReportingStandard102'TheFinancial Reporting
Standard applicable in the UK and Republic of Ireland'.
-
In our opinion the financial statements:
-
give a true and fair view of the state of the charitable company's affairs as at 31 March 2025 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
-
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'; and
-
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
WeconductedourauditinaccordancewithInternationalStandardsonAuditing(UK)(ISAs(UK))andapplicablelaw. Our
responsibilitiesunderthosestandardsarefurtherdescribedintheAuditors'responsibilitiesfortheauditofthe financial
statementssectionofourreport.Weareindependentofthecharitablecompanyinaccordancewiththe ethical
requirementsthatarerelevanttoourauditofthefinancialstatementsintheUK,includingtheFRC'sEthical Standard,
andwehavefulfilledourotherethicalresponsibilitiesinaccordancewiththeserequirements.Webelievethatthe audit
evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
Inauditingthefinancialstatements,wehaveconcludedthatthetrustees'useofthegoingconcernbasisofaccounting in
the preparation of the financial statements is appropriate.
Basedontheworkwehaveperformed,wehavenotidentifiedanymaterialuncertaintiesrelatingtoeventsor conditions
that,individuallyorcollectively,maycastsignificantdoubtonthecharitablecompany'sabilitytocontinueasa going
concern for a period of at least twelve months from when the financial statements are authorised for issue.
Ourresponsibilitiesandtheresponsibilitiesofthetrusteeswithrespecttogoingconcernaredescribedinthe relevant
sections of this report.
Other information
Thetrusteesareresponsiblefortheotherinformation.Theotherinformationcomprisestheinformationincludedin the
Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.
Ouropiniononthefinancialstatementsdoesnotcovertheotherinformationand,excepttotheextent otherwise
explicitly stated in our report, we do not express any form of assurance conclusion thereon.
Inconnectionwithourauditofthefinancialstatements,ourresponsibilityistoreadtheotherinformationand,in doing
so,considerwhethertheotherinformationismateriallyinconsistentwiththefinancialstatementsorour knowledge
obtainedintheauditorotherwiseappearstobemateriallymisstated.Ifweidentifysuchmaterialinconsistencies or
apparentmaterialmisstatements,wearerequiredtodeterminewhetherthisgivesrisetoamaterialmisstatementin the
financialstatementsthemselves.If,basedontheworkwehaveperformed,weconcludethatthereisa material
misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
-
the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and
-
the Report of the Trustees has been prepared in accordance with applicable legal requirements.
Page 5
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
HUNTINGDON FOUNDATION LIMITED(THE)
Matters on which we are required to report by exception
Inthelightoftheknowledgeandunderstandingofthecharitablecompanyanditsenvironmentobtainedinthecourse of
the audit, we have not identified material misstatements in the Report of the Trustees.
WehavenothingtoreportinrespectofthefollowingmatterswheretheCompaniesAct2006requiresustoreportto 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 agreement with the accounting records and returns; or
-
certain disclosures of trustees' remuneration specified by law are not made; or
-
we have not received all the information and explanations we require for our audit; or
-
the trustees were not entitled to take advantage of the small companies exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Trustees.
Responsibilities of trustees
AsexplainedmorefullyintheTrustees'ResponsibilitiesStatement,thetrustees(whoarealsothedirectorsof the
charitablecompanyforthepurposesofcompanylaw)areresponsibleforthepreparationofthefinancialstatements and
forbeingsatisfiedthattheygiveatrueandfairview,andforsuchinternalcontrolasthetrusteesdetermineis necessary
toenablethepreparationoffinancialstatementsthatarefreefrommaterialmisstatement,whetherduetofraud or
error.
Inpreparingthefinancialstatements,thetrusteesareresponsibleforassessingthecharitablecompany'sability to
continueasagoingconcern,disclosing,asapplicable,mattersrelatedtogoingconcernandusingthegoing concern
basisofaccountingunlessthetrusteeseitherintendtoliquidatethecharitablecompanyortoceaseoperations,or have
no realistic alternative but to do so.
Page 6
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
HUNTINGDON FOUNDATION LIMITED(THE)
Our responsibilities for the audit of the financial statements
Ourobjectivesaretoobtainreasonableassuranceaboutwhetherthefinancialstatementsasawholearefree from
materialmisstatement,whetherduetofraudorerror,andtoissueaReportoftheIndependentAuditorsthat includes
ouropinion.Reasonableassuranceisahighlevelofassurance,butisnotaguaranteethatanauditconducted in
accordancewithISAs(UK)willalwaysdetectamaterialmisstatementwhenitexists.Misstatementscanarisefrom fraud
orerrorandareconsideredmaterialif,individuallyorintheaggregate,theycouldreasonablybeexpectedto influence
the economic decisions of users taken on the basis of these financial statements.
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
Weidentifiedareasoflawsandregulationsthatcouldreasonablybeexpectedtohaveamaterialeffectonthe financial
statementsfromoursectorexperiencethroughverbalandwrittencommunicationswiththosechargedwith governance
andothermanagement;andviainspectionofthecompany'sregulatoryandlegalcorrespondence(asrequired by
auditing standards).
Wediscussedwiththosechargedwithgovernanceandothermanagementthepoliciesandprocedures regarding
compliance with laws and regulations.
Wecommunicatedidentifiedlawsandregulationstoourteamandremainedalerttoanyindicatorsof non-compliance
throughout the audit, we also specifically considered where and how fraud may occur within the company.
The potential effect of these laws and regulations on the financial statements varies considerably.
Firstly,thecompanyissubjecttolawsandregulationsthatdirectlyaffectthefinancialstatements(including related
companylegislation),including:thecompany'sconstitution,relevantfinancialreportingstandards;companylaw; charity
legislation;taxlegislationanddistributablefundslegislationandweassessedtheextentofcompliancewiththese laws
and regulations as part of our procedures on the related financial statement items.
Secondlythecompanyissubjecttomanyotherlawsandregulationswheretheconsequencesofnon-compliance could
haveamaterialeffectontheamountsordisclosuresinthefinancialstatements,forinstancethroughtheimposition of
finesandpenalties,orthroughlossesarisingfromlitigation.Weidentifiedthefollowingareasasthosemostlikely to
havesuchanaffect:employmentlegislation;charitylegislation;healthandsafetylegislation;tradelegislation; data
protection legislation; anti-bribery and corruption legislation.
InternationalStandardsonAuditing(UK)limittherequiredprocedurestoidentifynon-compliancewiththeselaws and
regulationstotheprocedures,andnoproceduresoverandabovethosealreadynotedarerequired.These limited
proceduresdidnotidentifyanyactualorsuspectednon-compliancewithlawsandregulationsthatcouldhavea material
impact on the financial statements.
In relation to fraud, we performed the following specific procedures in addition to those already noted:
- Challenging assumptions made by management in its significant accounting estimates.
-Identifyingandtestingjournalentriesduringtheperiodandpostbalancesheetdate,inparticularanyentries posted
withunusualnominalledgeraccountcombinations,journalentriescreditingcashoranyincomeaccount,journal entries
posted by senior management.
-Performinganalyticalprocedurestoidentifyunexpectedmovementsinaccountbalanceswhichmaybeindicative of
fraud;
-EnsuringthattestingundertakenonboththeStatementOfFinancialActivities(SOFA)andtheBalanceSheetincludes a
number of items selected on a random basis.
Theseproceduresdidnotidentifyanyactualorsuspectedfraudulentirregularitythatcouldhaveamaterialimpacton the
financial statements.
Owingtotheinherentlimitationsofanaudit,thereisanunavoidableriskthatwemaynothavedetectedsome material
misstatementsinthefinancialstatements,eventhoughwehaveproperlyplannedandperformedourauditin accordance
withInternationalAuditingStandards(UK).Forexample,thefurtherremovednon-compliancewithlawsand regulations
isfromtheeventsandtransactionsreflectedinthefinancialstatements,thelesslikelytheproceduresthatwe are
requiredtoundertakewouldidentifyit.Inaddition,aswithanyaudit,thereremainsahighriskofnon-detection of
irregularities,asthesemightinvolvecollusion,forgery,intentionalomissions,misrepresentation,ortheoverride of
internalcontrols.Wearenotresponsibleforpreventingnon-compliancewithlawsandregulationsorfraud,and cannot
be expected to detect non-compliance with all laws and regulations or every incidence of fraud.
Page 7
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
HUNTINGDON FOUNDATION LIMITED(THE)
AfurtherdescriptionofourresponsibilitiesfortheauditofthefinancialstatementsislocatedontheFinancial Reporting
Council'swebsiteatwww.frc.org.uk/auditorsresponsibilities.ThisdescriptionformspartofourReportofthe Independent
Auditors.
Use of our report
Thisreportismadesolelytothecharitablecompany'smembers,asabody,inaccordancewithChapter3ofPart16 of
theCompaniesAct2006.Ourauditworkhasbeenundertakensothatwemightstatetothecharitable company's
membersthosematterswearerequiredtostatetotheminanauditors'reportandfornootherpurpose.Tothe fullest
extentpermittedbylaw,wedonotacceptorassumeresponsibilitytoanyoneotherthanthecharitablecompanyand the
charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.
Aryeh Melinek FCA (Senior Statutory Auditor)
for and on behalf of Melinek Fine LLP
Chartered Accountants
Statutory Auditors
First Floor, Winston House
349 Regents Park Road
London
N3 1DH
30 January 2026
Page 8
HUNTINGDON FOUNDATION LIMITED(THE)
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2025
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
Investment income
3
Total
EXPENDITURE ON
Raising funds
Investment management costs
4
Charitable activities
5
Charitable
Support costs
Total
Net gains on investments
NET INCOME
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD |
2025
2024
Unrestricted
Total
fund
funds
£
£
-
1,000
772,445
746,843
772,445
747,843
140,179
45,668
140,179
45,668
242,100
323,000
9,266
30,038
391,545
398,706
5,276
15,222
386,176
364,359
17,167,281
16,802,922
17,553,457
17,167,281 |
2025
2024
Unrestricted
Total
fund
funds
£
£
-
1,000
772,445
746,843
772,445
747,843
140,179
45,668
140,179
45,668
242,100
323,000
9,266
30,038
391,545
398,706
5,276
15,222
386,176
364,359
17,167,281
16,802,922
17,553,457
17,167,281 |
|
|
747,843 |
|
|
45,668 |
|
|
45,668
323,000
30,038 |
|
|
398,706 |
|
|
15,222 |
|
|
364,359
16,802,922 |
|
|
17,167,281 |
The notes form part of these financial statements
Page 9
HUNTINGDON FOUNDATION LIMITED(THE) (REGISTERED NUMBER: 01676956)
BALANCE SHEET 31 MARCH 2025
Notes
FIXED ASSETS
Investments
Investments
10
Investment property
11
CURRENT ASSETS
Debtors
12
Cash at bank
CREDITORS
Amounts falling due within one year
13
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
NET ASSETS
FUNDS
Unrestricted funds
TOTAL FUNDS |
2025
2024
Unrestricted
Total
fund
funds
£
£
537,812
532,535
15,717,775
14,925,581
16,255,587
15,458,116
273,830
293,497
2,213,205
2,283,331
2,487,035
2,576,828
(1,189,165)
(867,663)
1,297,870
1,709,165
17,553,457
17,167,281
17,553,457
17,167,281
17,553,457
17,167,281
17,553,457
17,167,281 |
|
|
Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicabletocharitable companies
subject to the small companies regime.
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissueon30January2026and were
signed on its behalf by:
J D Perl - Trustee
The notes form part of these financial statements
Page 10
HUNTINGDON FOUNDATION LIMITED(THE)
CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2025
Notes
Cash flows from operating activities
Cash generated from operations
1
Net cash provided by operating activities
Cash flows from investing activities
Purchase of investment property
Sale of fixed asset investments
Interest received
Net cash used in investing activities
Change in cash and cash equivalents in
the reporting period
Cash and cash equivalents at the
beginning of the reporting period
Cash and cash equivalents at the end of
the reporting period |
2025
£
641,860
641,860
(792,194)
5,276
74,932
(711,986)
(70,126)
2,283,331
2,213,205 |
2024
£
171,016
171,016
(645,084)
331,926
50,674
(262,484)
(91,468)
2,374,799
2,283,331 |
|
|
|
The notes form part of these financial statements
Page 11
HUNTINGDON FOUNDATION LIMITED(THE)
NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2025
1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
Net income for the reporting period (as per the Statement of
Financial Activities)
Adjustments for:
Gain on investments
Interest received
Amounts owed by group undertakings
Decrease in debtors
Increase/(decrease) in creditors
Net cash provided by operations |
2025
£
386,176
(10,553)
(74,932)
-
19,667
321,502
641,860 |
2024
£
364,359
(15,222)
(50,674)
1,327,703
77,265
(1,532,415) |
|
|
171,016 |
2. ANALYSIS OF CHANGES IN NET FUNDS
Net cash
Cash at bank
Total |
At 1.4.24
£
2,283,331
2,283,331
2,283,331 |
Cash flow
£
(70,126)
(70,126)
(70,126) |
At 31.3.25
£
2,213,205 |
|
|
|
2,213,205 |
|
|
|
2,213,205 |
The notes form part of these financial statements
Page 12
HUNTINGDON FOUNDATION LIMITED(THE)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
Thefinancialstatementsofthecharitablecompany,whichisapublicbenefitentityunderFRS102,have been
preparedinaccordancewiththeCharitiesSORP(FRS102)'AccountingandReportingbyCharities:Statement of
RecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancial Reporting
StandardapplicableintheUKandRepublicofIreland(FRS102)(effective1January2019)',Financial Reporting
Standard102'TheFinancialReportingStandardapplicableintheUKandRepublicofIreland'andthe Companies
Act2006.Thefinancialstatementshavebeenpreparedunderthehistoricalcostconvention,withthe exception
of investments which are included at market value, as modified by the revaluation of certain assets.
Income
AllincomeisrecognisedintheStatementofFinancialActivitiesoncethecharityhasentitlementtothefunds,it is
probablethattheincomewillbereceivedandtheamountcanbemeasuredreliably.Thefollowing specific
policies are applied to particular categories of income:
VoluntaryincomeisreceivedbythewayofdonationsandgiftsandisincludedinfullintheStatementof Financial
Activities (SOFA) when receivable.
Income from investments is included in the year in which it is receivable.
Expenditure
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommitting the
charitytothatexpenditure,itisprobablethatatransferofeconomicbenefitswillberequiredinsettlement and
theamountoftheobligationcanbemeasuredreliably.Expenditureisaccountedforonanaccrualsbasisand has
beenclassifiedunderheadingsthataggregateallcostrelatedtothecategory.Wherecostscannotbe directly
attributedtoparticularheadingstheyhavebeenallocatedtoactivitiesonabasisconsistentwiththeuse of
resources.ExpenditureincludesanyVATwhichcannotbefullyrecovered,andisreportedaspartof the
expenditure to which it relates.
Resources expensed are recognised in the year in which they are incurred.
Supportcostsarethoseincurredinconnectionwithadministrationofthecharityandcompliance with
constitutional and statutory requirements.
Grantsofferedsubjecttoconditionswhichhavenotbeenmetattheyearenddatearenotedasa commitment
but not accrued as expenditure.
Allocation of support costs
Supportcostshavebeenallocatedtogovernancecostsandcomprisecostsinvolvingthepublicaccountability of
the charity and its compliance with regulations.
Governance costs have been allocated to donations paid under charitable activities.
Investments
Investmentpropertiesareinitiallyrecognisedatpurchasepriceplusanydirectlyattributablecosts. Subsequently,
investmentpropertiesaremeasuredatfairvaluewithanychangestofairvaluetransferredtotheStatement of
Financial Activities.
Investments in group undertakings are held at fair value.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Allfundsareunrestrictedandcanbeusedinaccordancewiththecharitableobjectivesatthediscretionof the
trustees.
Foreign currencies
Assetsandliabilitiesinforeigncurrenciesaretranslatedintosterlingattheratesofexchangerulingat the
balancesheetdate.Transactionsinforeigncurrenciesaretranslatedintosterlingattherateofexchange ruling
at the date of transaction. Exchange differences are taken into account in arriving at the operating result.
continued...
Page 13
HUNTINGDON FOUNDATION LIMITED(THE)
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
1. ACCOUNTING POLICIES - continued
Legal status of the charity
Thecharityisacompanylimitedbyguaranteeandhasnosharecapital.Liabilityofeachmemberintheevent of
winding-up is limited to £1.
Financial Instruments
Financialinstrumentsareclassifiedandaccountedforaseitherdebtinstrumentsorfinancialliabilities. Both
assets and liabilities are all measured at amortised cost.
Auditor's Remuneration
Theauditor'sremunerationreferredtoinnote9representsthetotalamountreceivablebytheauditorin respect
of services provided during the year.
Going concern
Theaccountshavebeenpreparedonthegoingconcernbasis.Thetrusteesconsiderthatthereareno material
uncertaintiesregardingthecharity'sabilitytocontinueinoperationalexistencefortheforeseeablefuture, which
is deemed to be 12 months from the date of approval of the financial statements.
2. DONATIONS AND LEGACIES
2. |
DONATIONS AND LEGACIES |
|
|
|
|
2025 |
2024 |
|
|
£ |
£ |
|
Donations |
- |
1,000 |
3. |
INVESTMENT INCOME |
|
|
|
|
2025 |
2024 |
|
|
£ |
£ |
|
Rents received |
697,513 |
696,169 |
|
Deposit account interest |
74,932 |
50,674 |
|
|
772,445 |
746,843 |
4. |
INVESTMENT MANAGEMENT COSTS |
|
|
|
|
2025 |
2024 |
|
|
£ |
£ |
|
General and Water Rates |
11,807 |
19,962 |
|
Insurance |
8,817 |
10,616 |
|
Light and Heat |
11,776 |
5,711 |
|
Repairs and Maintenance |
87,231 |
5,166 |
|
Managing Agents Fees |
- |
1,116 |
|
Professional fees |
20,548 |
3,097 |
|
|
140,179 |
45,668 |
continued...
Page 14
HUNTINGDON FOUNDATION LIMITED(THE)
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
5. CHARITABLE ACTIVITIES COSTS
Donationsandgrantscompriseamountspaidtoinstitutions,mainlyinsupportofJewishschools.All donations
are paid directly from the charity to the institutions, as follows:
6.
Name of charitable organisation |
|
Total donation
(£) |
Total donation
(£) |
Achisomoch |
|
55,000 |
|
Ezras Achim UK |
|
50,000 |
|
Gateshead Talmudic |
|
35,000 |
|
Ahavat Hesed |
|
20,000 |
|
Bnos Beis Yaakov |
|
18,000 |
|
Other |
|
64,100 |
|
|
|
|
|
|
|
|
|
Total |
|
242,100 |
|
GRANTS PAYABLE
Charitable
Grants paid to institutions during the year were as follows: |
2025
£
242,100 |
|
2024
£
323,000 |
Relief of Poverty and Illness |
£124,000 |
|
|
Education |
£85,600 |
|
|
Advancement of Jewish Religion |
£27,500 |
|
|
Other |
£5,000 |
|
|
|
|
|
|
7. SUPPORT COSTS
Support costs
Support costs, included in the above, are as follows:
Audit fees
Accountancy
Bank charges
Exchange gains/losses |
Governance
costs
£
9,266
2025
2024
Support
Total
costs
activities
£
£
3,600
3,600
5,400
5,400
256
183
10
20,855
9,266
30,038 |
|
|
continued...
Page 15
HUNTINGDON FOUNDATION LIMITED(THE)
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
8. TRUSTEES' REMUNERATION AND BENEFITS
Therewerenotrustees'remunerationorotherbenefitsfortheyearended31March2025norfortheyear ended
31 March 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.
9. AUDITORS' REMUNERATION
Theauditor'sremunerationconstitutedanaccountancyfeeof£5,400(2024:£5,400)andanauditfeeof £3,600
(2024: £3,600).
10. FIXED ASSET INVESTMENTS
FIXED ASSET INVESTMENTS |
|
|
Shares in |
|
group |
|
undertakings |
|
£ |
MARKET VALUE |
|
At 1 April 2024 |
532,535 |
Revaluations |
5,277 |
At 31 March 2025 |
537,812 |
NET BOOK VALUE |
|
At 31 March 2025 |
537,812 |
At 31 March 2024 |
532,535 |
ThevalueoftheinvestmentinFoframeofHuntingdonLtdinwhichTheHuntingdonFoundationLimitedhas a
25% interest in as at 31 March 2025 is £477,999 (2024: £472,722)
Cost or valuation at 31 March 2025 is represented by:
|
|
Shares in |
|
|
group |
|
|
undertakings |
|
|
£ |
Valuation in |
2025 |
20,499 |
Cost |
|
517,313 |
|
|
537,812 |
The company's investments at the balance sheet date in the share capital of companies include the following:
Subsidiary
1146 47th Street Investments Inc. |
|
Registered office: |
|
Nature of business: Property investment |
|
|
% |
Class of share: |
holding |
Ordinary |
100 |
continued...
Page 16
HUNTINGDON FOUNDATION LIMITED(THE)
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
10. FIXED ASSET INVESTMENTS - continued
Associated company
Foframe of Huntingdon Limited
Registered office:
Nature of business: Holding company
%
Class of share:
holding
Ordinary
25
INVESTMENT PROPERTY
FAIR VALUE
At 1 April 2024
Additions
At 31 March 2025
NET BOOK VALUE
At 31 March 2025
At 31 March 2024 |
£
14,925,581
792,194 |
|
15,717,775 |
|
15,717,775 |
|
14,925,581 |
11. INVESTMENT PROPERTY
AfreeholdpropertyheldbytheTheHuntingdonFoundationLimitedisheldasnomineeasto40% beneficially
and60%forthebenefitofTheBEPerlCharitableTrust(arelatedcharity).Afurtherfreeholdpropertyheld by
theTheHuntingdonFoundationLimitedisheldasnomineeasto75%beneficiallyand25%forthebenefitof The
B E Perl Charitable Trust (a related charity).
Land and buildings included at valuation were valued by the Trustees on the basis of open market value.
12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
|
2025 |
2024 |
|
£ |
£ |
Trade debtors |
31,750 |
45,801 |
Amounts owed by group undertakings |
239,253 |
239,253 |
Prepayments and accrued income |
2,827 |
8,443 |
|
273,830 |
293,497 |
Shorttermdebtorsaremeasuredattransactionprice,lessanyimpairment.Otherdebtorsaremeasured at
amortised cost.
continued...
Page 17
HUNTINGDON FOUNDATION LIMITED(THE)
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
|
|
Trade creditors
Other creditors
Accruals and deferred income |
2025
£
-
1,025,591
163,574
1,189,165 |
2024
£
10,104
692,232
165,327 |
|
|
867,663 |
Shorttermcreditorsaremeasuredattransactionprice,lessanyimpairment.Othercreditorsaremeasured at
amortised cost.
14. RELATED PARTY DISCLOSURES
The following entities are related to the charity:
Foframe of Huntingdon Limited-The charity has a 25% interest in this company.
Sixtrees Limited-Wholly owned subsidiary of Foframe of Huntingdon Limited.
Foframe Properties Limited-Wholly owned subsidiary of Foframe of Huntingdon Limited.
B E Perl Charitable Trust-A Registered charity which is also controlled by the trustees.
Churchill House Management Limited-Wholly owned subsidiary of the B E Perl Charitable Trust.
GYG Estates Ltd (formerly The Pillar Ltd)-A trading company also controlled by the trustees of this charity.
114647thStreetInvestmentsInc.-AwhollyownedcompanyofTheHuntingdonFoundationLimitedin the
United States of America.
Material interests of Trustees
The Trustees have a material interest in Foframe of Huntingdon Limited.
The balance owing to the B E Perl Charitable Trust as at the balance sheet date was £917,303 (2024: £658,944).
Duringtheyearrentof£75,014(2024:£76,236)wasreceivablefromGYGEstatesLtd.Theamountowedto GYG
Estates Ltd at the balance sheet date was £288 (2024: £288).
15. FINANCIAL INSTRUMENTS
|
2025 |
2024
£
293,497 |
|
£ |
|
|
|
|
Financial assets measured at amortised cost |
273,830 |
|
|
|
|
|
|
|
Financial liabilities measured at amortised cost |
1,180,165 |
858,663 |
|
|
|
Financialassetsmeasuredatamortisedcostarecomprisedoftradedebtorsof£31,750(2024: £45,801),
prepayments of £2,827 (2024: £8,443) and other debtors of £239,253 (2024: £239,253).
Financialliabilitiesmeasuredatamortisedcostarecomprisedoftradecreditorsof£0(2024:£10.104)and other
creditors of £1,180,165 (2024: £848,559).
Page 18