CHARITY REGISTRATION NUMBER: 312592 MENORAH PRIMARY SCHOOL FINANCIAL STATEMENTS 31 MARCH 2025 COHEN ARNOLD Chartered Accountants & Statutory Auditor New Burlington House 1075 Finchley Road LONDON NWII OPU
MENORAH PRIMARY SCHOOL FINANCIAL STATEMENTS YEAR EM)ED 31 MARCH 2025 Pages Ito3 Trustees, annual report Independent auditor's report to the members Statement of financial activities 4t07 Statement of financial position Statement of cash flows 10 Notes to the financial statements llto18
MENORAH PRIMARY SCHOOL TRUSTEES, ANNUAL REPORT YEARENDED 31 MARCH 2025 The trustees present their report and the fmancial statements of the charity for the year ended 31 March 2025, REFERENCE AND ADllllNISTRATIVE DETAILS M¢norah Primary School 312592 Registered charity name ChArfity registration number Principal olee The Wohl Campus 1-3 The Drive London NWII 9SP THE TRUSTEES Ronald Hofbauer Philip Weinstein Benjamin E Schreiber Cohen Arnold Chartered Accountants & Statrjtory Auditor New Burlington House 1075 Finchley Road LONDON NWII OPU Auditor STRUCTURE, GOVERNANCE AND MANAGEMENT Legal status The school is registered with the Charity Commission, registration number 312592, and 15 governed by a Trust Deed dated 4 October 1965. Organlsation and appolntment of trustees The trustees of the school hold the property on Trust for the school and permit its use to rther the school's obj¢ctives. The school is administered and managed by a Board of Managers referred to as the Governing Body. An executive committee of the Governing Body oversees the daily running of the school. Rfisk management The trustees have examined the major strategi¢, business and operational risks which the school faces and confirm that systems have been established to enable regular reports to be produced so that the necessary steps can be taken to manage these risks.
MENORAH PRIMARY SC.HOOI, TRUSTEES, AIYNUAL REPORT ( YEAR ENDKD 31 MARCH 2025 OBJECTIVES AND ACTIVITIES The trustees confirni that they have reterred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the school's aims and objectives and in planning future activities and policies. The objectives of the school are to provide on a non-profit basis a secular and religious education for Jewish boys and girls. The secular side is administered and principally financed by the local education autlioi'ity, and its finances are not incorporated in thcsc financial Statements. The school does not charge fees but invites voluntary contributions. This ensures that all families, even those in difficult financial situations who cannot make any voluntary contributions can send their children to the school. ACHIEVEMENTS AND PERFORMANCE The school continued to provide a very good education to Jewish boys and girls. The tinancial statements summarise the transactions of the charity for the year. FINANCIAL REVIEW Reserves policy It is the policy of the school to maintain unrestricted funds at a level which enables it to pay its liabilities as they fall due. This provides sufficient funds to cover management and administration funds. As at 31 March 2025 the charity had £1,074,539 unrestricted funds and £4,206,610 restricted funds. This is made up of £4,557,664 Fixed Assets and £723,485 Net Current Assets. PLANS FOR FUTURE PERIODS The school will continue to further its objectives of providing on a non-profit basis a good secular and religious education to Jewish boys and girls. The trustees will continue to support the senior management of the school in improving standards at the school and by providing the finances and assets necessary to maintain and advance the education of the children in the school. TRUSTEES, RESPONSIBILITIES STATEMENT The trustees are responsible for preparing the trustees, report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (Unilcd Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales requires the charity trustees to prepare financial statements for each 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 period.
MENORAH PRIMARY SCHOOL TRUSTEES, ANNUAL REPORT (co)ed) YEAR ENDED 31 MARCH 2025 In preparing these financial statements, the trustees are required to: select suitabl¢ accounting policies and then apply them collsistently. observe the methods and principles in the applicable Charities SORP; make judgments and accounting estimates that are reasonable and prudent. state whether applicable UK Accounting Standards have been followed. subject to any material departures disclosed and explained in the financial statements. prepare the financial statements on th¢ going concern basis unless it is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the fmancial position of the charity and enable them to ensure that the fmancial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, 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, annual report was approved on 18 November 2025 and signed on behalf of the board of trustees by: Philip Weinstein Trustee
MENORAH PRIMARY SCHOOL INDEPEIWENf AUDITORIS REPORT TO THE IVLEIWIBERS OF MENOII4H PRIMARY SCHOOL YEAREIYDED 31 MARCH 2025 OPINION We have aiidited the financial 8tatement.8 nf Mennrah Primary School (the 'charity') for the year ended 31 March 2025 which comprise the statement of financial activities, statement of financial position, statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 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: give a true and fair view of the state of the charity'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 Accepied Accounting Practice; have been prepared in accordance with the requirements of the Charities Act 2011. 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 Teport. 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 hav¢ 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 perfornied, 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 triiste.es with respect. t.n gning concern are described in the relevant Sections of this report.
IIqENOII4H PRIIVIARY SCHOOL IThDEPENDENf AIJDITOR'S REPORT TO THE MEMBERS OF MENORAH PRITrL4RY SCHOOL (ColAUerf) YEARENDED 31 MARCH 2025 OTHER INFORMATION The other infonnation comprises the inforniation included in the annual report, other than the fmancial statements and our auditor's report thereon. The trustees are responsible for the other information. Our opinion on the financial statements does not cover the other infonnation and, except to the extent otherwise explicitly stated in our report, we do not express any forni of assurance conclusion thereon. In conneclion with our audit of the financial statements, our responsibility is to read the other inforn]ation and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to deternline whether ther¢ is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have perfornied, we conclude that there is a material misstatement of this other inforniation, 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 In Éhe light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees, report. We have nothing to report in respect of the following matters in relation to which the Charities Act 2011 requires us to report to you if, in our opinion.. the information given in the tru5tees' report is inconsistent in any material respect with the financial statements; or adequate accounting records have not been kept. or the financial statements are not in agreement with the accounting record5 and returns; or we have not received all the infonnation and explanations we require for our audit. RESPONSIBILITIES OF TRUSTEES As explained more fully in the trustees, responsibilities statement, 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 ontinue 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 liquidate the Charity or to cease operations, or have no realistic alternativ¢ but to do so.
MF.N()RAH PRILRy SCHOOL INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF NNORAH PRIMARY SCHOOL (eopjlittued) TAR EtSDED 31 MARCH 2025 AUDITORIS RESPONSIBILITIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS 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 eOr, 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 statern¢nts, 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 resp¢¢t of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: We nhtained Iinde,rstanding of the legal and regulatory frameworks that are npplicablc to thc charity through discussion with the trustees and identified financial reporting legislation and charity legislation as being most significant to these financial statements. We communicated these identified framework5 amongst our audit team and reinallied alerl to any indications of non-compliance throughout the audit. We ensured that the engagement team had Sufficient competence and capability to identify or recognise non-compliance with the laws and regulations. We discussed with the trustees the policies and pro¢¢dures regarding compliance with the,se legal and regulatory frameworks. We assessed the susceptibility of the charity's financial statements to material misstatement due to non-compliance with legal and regulatory frameworks, including how fraud might occur, by enquiry with the trustees during the planning and finalisation phases stages of our audit. The susceptibility to such material misstatement was deterniined to be low. Based on this understanding, we designed our audit procedures to identify non-compliance with the identified legal and regulatory frameworks, which were part of our procedures on the related financial statement items. As part of an audit in accordance with ISAS (UK), we exercise professional judgment and maintain professional scepticlsm throughout the audit. We also: Identify and assess the risks of material misstatement of the flnancial statements, whether due to fraud or error, design and peTforn] audit procedures responsive to those risks: and obtain audit evidence that Is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the internal control. Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the trustees.
MENORAH PRIMARY SCHOOL INDEPENDENf AUDITOR'S REPORT TO THE MEIVLBERS OF MENORAH PRIMARY SCHOOL (et>nrfMued) YEAR ENDED 31 MARCH 2025 Conclude on the appropriateness of the trustees, use of the going concern basis of accounting and, bas¢d on the audit evidence obtained, wheth¢r a material uncertainty Cxists related to events or conditions that may cast significant doubt on the charity's ability to continue as a going concern. If we Conclude that a material uncertainty exists, we are required to draw attention in our auditor'5 report to the related dis¢losure5 in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report, However, future events or conditions may cause the charity to cease to continue as a going concern. Evaluate the overall presentation, structure and content of the fll]ancial statements, including the disclosures, and whether the financial statements represent the underlying Iransactions and events in a manner that achieves fair presentation. W¢ communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. Cohen Arnold is eligible to act as an auditor in tenns of section 1212 of the Companies Act 2006. USE OF OUR REPORT This report is made solely to the charity's members, as a body* in accordance with section 144 of the Charities Act 2011 and regulations made under section 154 of that Act. Our audit work has been undertaken so that we might state to the charity's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent pern]itted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's members as a body, for our audit wor for this report, or for the opinions we have fornied. Cohen Arnold Chartered Accountants & Statutory Auditor New Burlington House 1075 Finchley Road LONDON NWRIOPU 18 November 2025
MENORAH PRIMARY SCHOOL STATEMENT OF FINANCJAL ACTIVITIES YEAR ENDED 31 MARCH 2025 2025 Restricted funds Total funds Total funds 2024 Unrestricted funds Note Ineome and endowments Donations and legacies Investment income 1,320,104 117,798 1,437,902 343,149 1,663,253 117,798 1,781,051 1,672,399 114,066 Total income 343,149 1,786,465 Expenditure Expenditure on raising funds: Costs of raising donations and legacies Investment management costs Expenditure on charitable activities Total expendlture (17,699) (13,132) (13,132) (14,532) 8,9 (1,261,165) (155,707) (1,416,872) (1,785,928) (1,274,297) (155,707) (1,430,004) (1,818,159) Net income/(expendlture) And net movement in funds 163,605 187,442 351,047 (31,694) Reconelliation of funds Total funds brought forward Total hnds carrted forward 910,934 1,074,539 4,019,168 4,206,610 4,930,102 5,281,149 4,961,796 4,930,102 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The notes on pages 11 to 18 form paTt of these financtgl $tatements.
INoRAH PRIMARY SCHOOL STATEMENf OF FINANCIAL POSITION 31 MARCH 2025 2025 2024 Note Flxed assets Tangible fixed assets Investments 15 16 2,007,664 2,550,000 4,557,664 2,091,791 2,550,000 4,641,791 Current assets Debtors Cash at bank and in hand 17 6,040 744,610 750,650 8,921 304,818 313,739 Credltors: amounts falling due wlthln one year Net current assets 18 (27,165) (25,428) 288,31 I 723,485 Total assets less eurrent Ilabilitles 5,281,149 4,930,102 4,930,102 Net assets 5,281,149 Funds of the charity Restricted funds Unrestricted funds 4,206,610 1,074,539 5,281,149 4,098,658 831,444 Total charity funds 19 4,930,102 These fmancial statements were approved by the board of trustees and authorised for issue on 18 November 2025, and are signed on behalf of the boar by: Ronald Hoftla Trustee er Trustee The notes on pages I I to 18 foTrn part of these finAn¢ial statements.
MF,NORAH PRIMARY SCHOOL STATEMENf OF CASH FLOWS YEAR ENDED 31 MARCH 2025 2025 2024 Cash flows from operating activities Net income/(expenditure) Adjustmentsfor.. Depreciation of tangible fixed assets Dividends, interest and rents from investments Other interest receivable and similar income 351,047 (31,694) 92,277 94,573 (111,725) (107,825) (6,U73) (6,241) Changes in.. Trade and other debtors Trade and other creditors 2,881 1,737 (1,500) 3,053 (49,634) 6,241 Cash generated from operation9 Intere.8t received 330,144 6,073 336,217 Net cash froml(used in) operating activities (43,393) Cash flows from Inve5tlng activitles Dividends. interest and rents from investments Purchase of tangible assets Net cash from investing activities 111,725 (8,150) 103,575 107,825 107,825 Cash nows from financing actlvities Proceeds from borrowings Net cash used in financing activities (26,224) (26,224) Net inereAse An eash And cash equivalents Cash and cash equivalentg at beglnning of year Cash and cash equlvalents at end of year 439,792 304,818 744,610 38,208 266,610 304,818 The notes on pag¢$ 11 to 18 form part of these flnancial Statements. AO-
IVNORAH PRIMARY SCHOOL NOTES TO THE FINIINCIAL STATEMENTS YEARENDED 31 IWL4RCH 2025 GENERAL INFORMATION The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is The Wohl Campus, 1-3 The Drive, London, NWI19SP. STATEMENT OF COMPLIANCE These fmancial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicabl¢ in the UK and the Republic of Ireland,, the Statement of Recomiiiended Practice applicable to charities preparing their accounts in accordance willi the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Cliai'ities SORP (FRS 102)) and the Charitie5 Act 2011. ACCOUNTINC POLICIES BASIS of preparatlon The financial statements have been ppared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. The financial statements are prepared in sterling, which is the functional currency of the entity. Going concern The financial statements have been prepared in accordance with the accounting principles appropriate to a going concern, as the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future by meeting its liabtlities as they fall due, based on the net current asset position of the charity and available sources of finance. Publlc benefit entity The charity constitutes a public benefit entity as defined by FRS102. Judgements and key sources of estimatlon uncertalnty In the application of the charity's accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical ¢xperience 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 r¢cognised in the period in whi¢h the estimat¢ is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. The Trustees do not consider there are any critical judgements or sources of estimation uncertainty requiring disclosure beyond the accounting policies listed below. li
MF.NnRAH PRITrL4RY SCHOOL NOTES TO THE FINANCIAL sTATEms ((WnlifvutdJ YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES (COMI Fund accounting General unrestricted funds Comprise the accumulated surplus or deficit on income and expenditure account. They are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity. Restricted funds are funds subject to sp¢cific restricted conditions imposed by donors. Designated funds are funds which have been Set aside at the discretion of the Trustees for specific purposes. There are no designated funds as at the Balance Sheet date. Incoming resources All income is included in the Statement of Financial Activities (SOFA) when entitlement has passed to the charity, it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income: Voluntary contributions are credited to the SOFA on a cash received basis. Grants and donations are only included in the SOFA when the charity has unconditional entitlement to the resources. Donations represents voluntary arnounts received during the year, Ineome tsx recoverable Income tax recoverable in respect of gift aid donations received is accounted for on an accrual basis. Resources expended Expenditure 15 charged on an accrual basis and allocated to the appropriate headings in the accounts. The majority of costs are directly attributable to specific activities. Costs incurred in respect of the charitable activities include elernents of staff costs and attributable support costs Support costs Support costs are those costs which are common to all areas of the organisation. These are allocated across all areas of activity on the basis of the number of service users for each activity. Governance costs CTnve.rnanc,e. c.osts are. associated with the governance arrangements of the charity and relate to the general running of the charity. These costs include audit, legal advice for Trustees and costs associated with meeting constitutional and statutory requirements such as the cost of Trnstee meetings and the preparation of the statutory accounts. 12-
MENORAH FRIlARy SCHOOL NOTES TO THE FINANCIAL STATEMENfs (eo nliNue41 YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES leonrfimie Tangible assets The school site and development costs prior to l April 1999 were written down to a notional £1 with prior year improvements to the school buildings baving been written off to the Statement of Financial Activities as incurred. Charities SORP (FRS102) requires that the land and buildings are included in the Balance Sheet at historical cost less accumulated depreciation or at valuation and that improvement costs are capitalised in the Balance Sheet and depreciated. The Trustees consider that the restatement of fixed assets would be of no benefit to the Charity. School dev¢lopment and improvements costs incurred since l April 1999 have been capitalised and depreciated in accordance with the charity's depreciation policy below. Depreclatlon Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows: Freehold Property 2 % straight line Fixtures and Fittings IO% reducing balance Investment property tnvestment properties are properties which are held either to earn rental income or for capital appreciation or for both. Investment properties are recognised initially at cost. Subsequent to initial recognition •lnvestment properties whose fair value can be measured reliably without undue cost or effort are held at fair value. Any gains or10sses arising from changes in the fair value are recognised in the profit and loss account in the period that they arise. and • No depreciation is provided in respect of investment properties applying the fair value model. Investment property fair value is deterniined by the Trustees based on their understanding of property market conditions and the specific property concerned, using a sales valuation approach, derived from recent comparable transactions on the market, adjusted by applying discounts to reflect status of occupation and condition. AcquisltloDS and disposals of propertles Acquisitions and disposals are considered to have taken place at the date of legal completion and are included in the financial statements accordingly. 13-
IVNORAH PRIMARY SCHOOL NOTES TO THE FINANCL4L STATEMENTS (coled) YEARENDED 31 MARCH 2025 ACCOUNTING POLICIES (contiwierfi Financial instruments A financial asset or a fjnancial liability is recognised only when the entity becomes a party to the contractual provision5 of the instrument. The charity only has financial assets and liabilities of a kind that qualify as basic financial instruments. Basic fInan¢ial instruments are initially recognised at the amount receivable or payable including any related transaction costs, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument, Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. DONATIONS AND LEGACIES Unrestricted Funds Restricted Total Funds Funds 2025 Dona¢lons Voluntary Contributions Donations 1,240,454 79,650 1,240,4S4 79,650 Granls Grants 343,149 343,149 1,320,104 343,149 1,663,253 Unrestricted Funds Restricted Total Funds Fund5 2024 Donatlons Voluntary Contributions Donations 1,565,587 15,068 1,565,587 15,068 Grants Grants 91,744 91,744 91,744 1,672,399 1.580,655 INVESTMENT INCOME Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 tncome from investment properties Bank interest receivable 111,725 6,073 117,798 111,725 6,073 107,825 6,241 114,066 107,825 6,241 117,798 114,066 14-
MENORAH PRIMARY SCHOOL NOTES TO THE FINANCIAL sTATEMEs (ct>nrtnuedJ YEAR EM)ED 31 MARCH 2025 COSTS OF RAISING DONATIONS AND LEGACIES Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Costs of raising donations and legacies Donations 17,699 17,699 INVESTMENT MANAGEMENT COSTS Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Investment management fees Interest and similar charges Repairs 3,405 92 9,635 13,132 3,405 92 9,635 13,132 2,670 102 I 1,760 14,532 2,670 102 11,760 14,532 EXPENDITURE ON CHARITABLE ACTIVITIES BY FUND TYPE Unrestricted Restricted Total Funds Funds Funds 2025 Provision of secular and religious education Support costs 1.246,477 14,688 1,261,165 155,707 1,402,184 14,688 1,416,872 155,707 Unrestricted Funds Restricted Total Funds Funds 2024 Provision of secular and religious education Support costs 1.675,420 11,293 1,686,713 99,215 1,774,635 11,293 1,785,928 99,215 EXPENDITURE ON CHARITABLE ACTIVITIES BY ACTIVITY TYPE Activities undertaken Grant funding directly of activities Support costs Total funds 2025 Total fund 2024 Provision of secular and religious education Governance costs 1,252,124 150,060 1,790 12,898 14.688 1,403,974 12,898 1,777,099 8,829 1,785,928 1,252,124 150,060 1,416,872 15-
MENORAH PRIMARY SCHOOL NOTES TO THE FINANCIAL STAIEMENfs (Conlinme YEAR ENDED 31 MARCH 2025 10. NET INCOMEI(EXPENDITURE) Net incomc/(expenditure) is stated after chargingl(crediting): 2023 2024 Depreciation of tangible fixed assets 92,277 94,573 11. AUDITORS REMUNERATION 2025 2024 Fees payable for the audit of the financial statements 6,240 12,480 12. STAFF COSTS The total staff costs and employee benefits for the reporting period are analysed as follows, 2025 2024 Wages and salaries Social security costs Employer contributions to pension plans 844,084 75,484 27,428 946,996 913,426 67,132 23,577 1,004,135 The average number of employees during the year is analysed as follows.. 2025 2024 Number of staff 58 62 The number of employees whose remuneration for the year fell within the following bands, were: 2025 2024 No. £60.000 to £69,999 £70,000 to £79,999 £80,000 to £89,999 13. TRUSTEE REMUNERATION AND EXPENSES There wa,$ nn rerniine,ration paid to the trustees. Th¢ Charity did not meet any individual expenses incurred by the tNstees for services provided to the Charity. 14. TRANSFERS BETWEEN FUNDS Transfers between funds relates to restricted income spent on capital expenditure. It is the policy of the charity to move these to unrestricted funds once it has been spent unless there are restricting conditions even after the income bas been spent. 16-
MENORAH PRIMARY SCHOOL NOTES TO THE FINANCIAL ATE1VNfS (eonllnued) YEAR ENDED 31 MARCH 2025 15. TANGIBLE FIXED ASSETS Land and Fixtures and buildings fittings Total Cost At l April 2024 Additions 3,173,404 937,573 8,150 945,723 4,110,977 8,150 At 31 Marcb 2025 3,173,404 4,119,127 Depreciatlon At l April 2024 Charge for the year At 31 March 2025 1,361,554 63,468 1,425.022 657,632 28,809 2,019,186 92,277 2,111,463 686,441 Carrylng amount At 31 Mareh 2025 1.748,382 1,811,850 259,282 2,007,664 2,091,791 At 31 March 2024 279,941 16. INVESTMENTS Investment propertles Falr value At l April 2024 and 31 March 2025 Carrylng amount At 31 March 2025 2,550,000 2,550,000 2,550,000 At 31 March 2024 All investments shown abov¢ are held at valuation, Investment propertles The charity's investment properties were valued by the trustees based on their experience in the propety market and having regard to many factors including the individual nature of each property, its location and expected future net rental values, market yield5 and Comparable market transadions. The historical cost of investment properties at 31 March 2025 is £1,747,130 (2023: £1,747,130). 17. DEBTORS 2025 2024 Other debtors 6,040 8,921 17-
MENORAH PRIMARY SCHOOL NOTES TO THE F]NANCIAL STATEMENTS f Contiert) TAR EIYDED 31 MARCH 2025 18. CREDITORS: amounts falllng due withln one year 2025 2024 Accruals and deferred income Social security and other taxes 6,240 20,925 27,165 6,240 19,188 25,428 19. ANALYSIS OF CHARITABLE FUNDS Unrestrlcted funds At 31 March 2025 At l April 2024 Income Expenditure General funds 910,934 1,437,902 (1,274,297) 1,074,539 At l April 2023 At 31 March 2024 tncome Expenditure General ndS 935,157 1,694,721 (1,718,944) 910,934 Restrlcted funds At 31 March 2025 At l April 2024 Income Expenditure Building Fund 4,019,168 343,149 (155,707) 4,206,610 At l April 2023 At 31 March 2024 Income Expenditure Building Fund 4,026,639 91,744 (99,215) 4,019,168 20. ANALYSIS OF CHANGES IN NET DEBT At At l Apr 2U24 Lash flows 31 Mar 2U25 Cash at bank and in hand 304,818 439,792 744,610 21. RELATED PARTIES Th¢re were no related party transactions during the period under review. 18-