```
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`**
|||**`Page`**||
|---|---|---|---|
|**`Report of the Trustees`**|`1`|`to`|`4`|
|**`Report of the Independent Auditors`**|`5`|`to`|`8`|
|**`Statement of Financial Activities`**||`9`||
|**`Balance Sheet`**||`10`||
|**`Cash Flow Statement`**||`11`||
|**`Notes to the Cash Flow Statement`**||`12`||
|**`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
```