REGISTERED COMPANY NUMBER: 07035874 (England and Wales)

REGISTERED CHARITY NUMBER: 1135287

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

BNEI ZION COMMUNITY NURSERY LIMITED

Page

Report of the Trustees

1

to

2

Independent Examiner's Report

3

Statement of Financial Activities

4

Statement of Financial Position

5

to

6

Statement of Cash Flows

7

Notes to the Statement of Cash Flows

8

Notes to the Financial Statements

9

to

14

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 October 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The objects of the charity are:

a) the advancement of the Orthodox Jewish religion,

b) the advancement of Orthodox Jewish religious education and education generally,

c) the relief of poverty, sickness and distress, and

d) the promotion of good health and provision of recreational facilities in the interest of social welfare with the object of improving life conditions.

The trustees have considered the Charity Commission's general guidance on public benefit and in particular the guidance on advancing education and fee charging. In this respect the trustees have set up a school for children (between the ages of 3 and 5) many of whom are underprivileged with every year extending our facilities by adding a new class. Fees are charged but those in financial hardship are given an allowance or are fully funded, according to circumstances. No child is refused education because of an inability to pay.

Significant activities

The Trustees of the school are pleased to report that despite the significant growth, each child has received personal attention in order to realise their potential. Our devoted staff members have come through as a team to bring out the best in every child. The additions to the building went very smoothly due to the competence of our committed management committee members.

Our out of school hours activities have been very successful, meeting our aims in developing the beneficiaries personal, social and emotional well being, improving the children's chances in life. We thank our donors who made this possible.

We are very grateful to our very many dedicated volunteers who work tirelessly for the success of our organisation.

Public benefit

The trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the aim and objectives and in planning the charity's future activities. The aims of the charitable company for the public benefit are detailed in the Objectives and Activities section of the report.

ACHIEVEMENTS AND PERFORMANCE

Charitable activities

During the year under review the charity received income that amounted to £962,461 (2023: £857,111) and had nursery running costs that amounted to £1,260,295 (2023: £836,395).

FINANCIAL REVIEW

Reserves policy

The reserves policy is to ensure that there is a sufficient stream of income to meet the working capital of the school.

FUTURE PLANS

There are no current plans to change the activities or modus operandi in the foreseeable future.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, its memorandum and articles of association, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Recruitment and appointment of new trustees

It is not currently the intention of the trustees of the charity to appoint new trustees. Should this situation change in the future, the trustees will apply suitable recruitment and training procedures.

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

07035874 (England and Wales)

Registered Charity number

1135287

Registered office

49 Basement, Ravensdale Road

London

N16 6TJ

Trustees

B D Rudzinski

N Rudzinski

B Bronner

Company Secretary

B D Rudzinski

Independent Examiner

Malcolm Venitt, A.C.A

Venitt and Greaves

Chartered Accountants

115 Craven Park Road

South Tottenham

London

N15 6BL

Approved by order of the board of trustees on 26 February 2026 and signed on its behalf by:

B D Rudzinski - Trustee

Independent examiner's report to the trustees of Bnei Zion Community Nursery Limited ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 October 2024.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1.	accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or

2.	the accounts do not accord with those records; or

3.	the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

4.

the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Malcolm Venitt, A.C.A

Venitt and Greaves

Chartered Accountants

115 Craven Park Road

South Tottenham

London

N15 6BL

26 February 2026

31.10.24

31.10.23

Unrestricted

Total

fund

funds

Notes

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

2

962,461

857,111

Investment income

3

1,910

2

Total

964,371

857,113

EXPENDITURE ON

Charitable activities

4

Nursery running cost

1,260,295

836,395

Administrative expenses

2,640

2,400

Charitable donations

43,144

41,106

Total

1,306,079

879,901

NET INCOME/(EXPENDITURE)

(341,708

)

(22,788

)

RECONCILIATION OF FUNDS

Total funds brought forward

(14,739

)

8,049

TOTAL FUNDS CARRIED FORWARD

(356,447

)

(14,739

)

31.10.24

31.10.23

Unrestricted

Total

fund

funds

Notes

£

£

FIXED ASSETS

Tangible assets

11

60,223

74,818

CURRENT ASSETS

Debtors

12

31,904

5,000

Cash at bank

16,717

819

48,621

5,819

CREDITORS

Amounts falling due within one year

13

(465,291

)

(95,376

)

NET CURRENT ASSETS/(LIABILITIES)

(416,670

)

(89,557

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(356,447

)

(14,739

)

NET ASSETS/(LIABILITIES)

(356,447

)

(14,739

)

FUNDS

15

Unrestricted funds

(356,447

)

(14,739

)

TOTAL FUNDS

(356,447

)

(14,739

)

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a)	ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 26 February 2026 and were signed on its behalf by:

B D Rudzinski - Trustee

Cash flows from operating activities

Cash generated from operations

1

35,632

(9,965

)

Net cash provided by/(used in) operating activities

35,632

(9,965

)

Cash flows from investing activities

Purchase of tangible fixed assets

-

(23,587

)

Interest received

1,910

2

Net cash provided by/(used in) investing activities

1,910

(23,585

)

Cash flows from financing activities

New loans in year

-

1

Net cash provided by financing activities

-

1

Change in cash and cash equivalents in the reporting period

37,542

(33,549

)

Cash and cash equivalents at the beginning of the reporting period

2

(20,825

)

12,724

Cash and cash equivalents at the end of the reporting period

2

16,717

(20,825

)

1.	RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES

31.10.24

31.10.23

£

£

Net expenditure for the reporting period (as per the Statement of Financial Activities)

(341,708

)

(22,788

)

Adjustments for:

Depreciation charges

14,595

15,426

Interest received

(1,910

)

(2

)

Increase in debtors

(26,904

)

(5,000

)

Increase in creditors

391,559

2,399

Net cash provided by/(used in) operations

35,632

(9,965

)

2.	ANALYSIS OF CASH AND CASH EQUIVALENTS

31.10.24

31.10.23

£

£

Notice deposits (less than 3 months)

16,717

819

Overdrafts included in bank loans and overdrafts falling due within one year

-

(21,644

)

Total cash and cash equivalents

16,717

(20,825

)

3.	ANALYSIS OF CHANGES IN NET (DEBT)/FUNDS

At 1.11.23

Cash flow

At 31.10.24

£

£

£

Net cash

Cash at bank

819

15,898

16,717

Bank overdraft

(21,644

)

21,644

-

(20,825

)

37,542

16,717

Total

(20,825

)

37,542

16,717

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

5% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

33% on reducing balance

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

2.	DONATIONS AND LEGACIES

31.10.24

31.10.23

£

£

Donations

220,136

406,839

Grants

442,154

20,000

Fees received

300,171

430,272

962,461

857,111

Grants received, included in the above, are as follows:

31.10.24

31.10.23

£

£

Other grants

442,154

20,000

3.	INVESTMENT INCOME

31.10.24

31.10.23

£

£

Deposit account interest

6

2

Interest receivable - trading

1,904

-

1,910

2

4.	CHARITABLE ACTIVITIES COSTS

Grant

funding of

activities

Support

Direct

(see note

costs (see

Costs

5)

note 6)

Totals

£

£

£

£

Nursery running cost

1,260,081

-

214

1,260,295

Administrative expenses

-

-

2,640

2,640

Charitable donations

37,984

5,160

-

43,144

1,298,065

5,160

2,854

1,306,079

5.	GRANTS PAYABLE

31.10.24

31.10.23

£

£

Charitable donations

5,160

41,106

6.	SUPPORT COSTS

Governance

Finance

costs

Totals

£

£

£

Nursery running cost

214

-

214

Administrative expenses

-

2,640

2,640

214

2,640

2,854

7.	NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

31.10.24

31.10.23

£

£

Depreciation - owned assets

14,595

15,427

8.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 October 2024 nor for the year ended 31 October 2023.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 October 2024 nor for the year ended 31 October 2023.

9.	STAFF COSTS

31.10.24

31.10.23

£

£

Wages and salaries

471,619

598,955

471,619

598,955

The average monthly number of employees during the year was as follows:

31.10.24

31.10.23

Staff

57

60

No employees received emoluments in excess of £60,000.

10.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted

fund

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

857,111

Investment income

2

Total

857,113

EXPENDITURE ON

Charitable activities

Nursery running cost

836,395

Administrative expenses

2,400

Charitable donations

41,106

Total

879,901

NET INCOME/(EXPENDITURE)

(22,788

)

RECONCILIATION OF FUNDS

Total funds brought forward

8,049

TOTAL FUNDS CARRIED FORWARD

(14,739

)

11.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Motor

property

fittings

vehicles

Totals

£

£

£

£

COST

At 1 November 2023 and 31 October 2024

95,532

168,394

25,800

289,726

DEPRECIATION

At 1 November 2023

93,662

103,205

18,041

214,908

Charge for year

95

9,800

4,700

14,595

At 31 October 2024

93,757

113,005

22,741

229,503

NET BOOK VALUE

At 31 October 2024

1,775

55,389

3,059

60,223

At 31 October 2023

1,870

65,189

7,759

74,818

12.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.24

31.10.23

£

£

Other debtors

31,904

5,000

13.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.24

31.10.23

£

£

Bank loans and overdrafts (see note 14)

-

21,644

Other creditors

460,251

71,332

Accrued expenses

5,040

2,400

465,291

95,376

14.

LOANS

An analysis of the maturity of loans is given below:

31.10.24

31.10.23

£

£

Amounts falling due within one year on demand:

Bank overdrafts

-

21,644

15.	MOVEMENT IN FUNDS

Net

At

movement

At

1.11.23

in funds

31.10.24

£

£

£

Unrestricted funds

General fund

(14,739

)

(341,708

)

(356,447

)

TOTAL FUNDS

(14,739

)

(341,708

)

(356,447

)

Net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

964,371

(1,306,079

)

(341,708

)

TOTAL FUNDS

964,371

(1,306,079

)

(341,708

)

Comparatives for movement in funds

Net

At

movement

At

1.11.22

in funds

31.10.23

£

£

£

Unrestricted funds

General fund

8,049

(22,788

)

(14,739

)

TOTAL FUNDS

8,049

(22,788

)

(14,739

)

Comparative net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

857,113

(879,901

)

(22,788

)

TOTAL FUNDS

857,113

(879,901

)

(22,788

)

A current year 12 months and prior year 12 months combined position is as follows:

Net

At

movement

At

1.11.22

in funds

31.10.24

£

£

£

Unrestricted funds

General fund

8,049

(364,496

)

(356,447

)

TOTAL FUNDS

8,049

(364,496

)

(356,447

)

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

1,821,484

(2,185,980

)

(364,496

)

TOTAL FUNDS

1,821,484

(2,185,980

)

(364,496

)

16.	RELATED PARTY DISCLOSURES

During the period the charity paid rent that amounted to £153,700 (2023: £35,000) to BC Trust. The charity and BC Trust share a common trustee.

As at the balance sheet date, the charity owed £389,661 to BC Trust. The charity and BC Trust share a common trustee.