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 o￿lee
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 (Co￿lAUerf)
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 PRI￿L￿Ry SCHOOL
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF N￿NORAH
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 e￿Or, 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.

I￿NoRAH 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-

IV￿NORAH 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 p￿pared 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 sTATEm￿s ((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 FRI￿lARy 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-

IV￿NORAH PRIMARY SCHOOL
NOTES TO THE FINANCL4L STATEMENTS (co￿l￿￿ed)
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 sTATEME￿s (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.
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MENORAH PRIMARY SCHOOL
NOTES TO THE FINANCIAL ￿ATE1V￿NfS (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
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MENORAH PRIMARY SCHOOL
NOTES TO THE F]NANCIAL STATEMENTS f
Conti￿￿ert)
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-