REGISTERED COMPANY NUMBER: 09941630 (England and Wales)

REGISTERED CHARITY NUMBER: 1166117

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 AUGUST 2025

FOR

NWL JEWISH DAY SCHOOL

Page

Reference and Administrative Details

1

Report of the Trustees

2

to

3

Independent Examiner's Report

4

Statement of Financial Activities

5

Balance Sheet

6

to

7

Cash Flow Statement

8

Notes to the Cash Flow Statement

9

Notes to the Financial Statements

10

to

16

TRUSTEES

Dayan Binstock

A H Kosiner

Mr A D Landy

Rabbi B S Levin

Mrs S Taylor

Mr C Lossos (resigned 13.2.25)

Mr A Richman (appointed 7.1.25)

REGISTERED OFFICE

180 Willesden Lane

London

NW6 7PP

REGISTERED COMPANY NUMBER

09941630 (England and Wales)

REGISTERED CHARITY NUMBER

1166117

INDEPENDENT EXAMINER

Melinek Fine LLP

Chartered Accountants

First Floor, Winston House

349 Regents Park Road

London

N3 1DH

SOLICITORS

Teacher Stern LLP

37-41 Bedford Row

London

WC1R 4JH

Stone King LLP

91 Charterhouse Street

London

EC1M 6HR

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 August 2025. 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

NWL Jewish Day School is committed to advancing, for the public benefit, the education of children in the United Kingdom. In particular, the charity’s objectives include:

(a) the provision of property to be used as a day school for the general education of boys and girls, provided that instruction in the orthodox Jewish faith forms part of the daily curriculum;

(b) the provision of kosher meals for pupils of the day school and other children of the Jewish faith; and

(c) the undertaking of any other activities which the Trustees deem conducive to or supportive of these aims.

The charity supports the North West London Jewish Day School (the School) by providing premises and raising funds to enable the delivery of high-quality Jewish and general education. It plays a key role in sustaining the Jewish Studies department and contributes towards staffing and operational costs to ensure that religious education remains central to the School’s ethos.

Trustees maintain regular contact with the School's Governing Body, some of whom also serve as Trustees, to review performance, respond to identified needs, and ensure educational standards remain high. Progress is monitored through internal reports and external inspections.

Currently, the charity does not rely on volunteers beyond its Board of Trustees, who continue to contribute their time and expertise on an unpaid basis in support of the charity's mission.

Public benefit

The Trustees confirm that they have had regard to the Charity Commission’s guidance on public benefit when reviewing the charity’s aims and objectives and in planning future activities. The charity fulfils its public benefit purpose by supporting the provision of Jewish education to all children at the School.

ACHIEVEMENTS AND PERFORMANCE

Charitable activities

Total donations from parents and the wider community amounted to £441,581, reflecting the continued generosity and commitment of our supporters. Investment income totalled £28,381 (2024: £50,387), influenced by prevailing interest rate conditions and movements in rental income during the year.

Total expenditure was £585,177 (2024: £610,990), demonstrating the impact of ongoing cost-management efforts. The net deficit for the year was £115,215, and the Trustees continue to monitor financial performance carefully to ensure long-term sustainability while maintaining strong support for the School’s educational activities.

FINANCIAL REVIEW

Financial position

At the year end, the charity’s net assets stood at £1,949,374 (2024: £2,064,589), comprising:

Unrestricted reserves of £187,849 (2024: £267,606)

Restricted funds of £1,383,051 (2024: £1,416,772)

Endowment funds of £378,474 (2024: £380,211)

Looking ahead, the Trustees expect a broadly consistent level of financial performance, while recognising that the School’s needs continue to evolve. To support this, the charity will continue to strengthen its fundraising activity and explore opportunities to broaden and diversify its income base.

The Trustees are also mindful of the wider economic environment and its potential impact on donor capacity. In response, the charity is reviewing its financial strategy to enhance donor engagement, secure long-term commitments, and maintain prudent cost management, ensuring that we can continue to support the School’s essential educational mission.

Reserves policy

The Trustees aim to maintain reserves sufficient to cover at least six months of operating costs, providing stability in the event of unforeseen fluctuations in income. We are pleased to report that this objective was met during the year.

Going concern

The trustees have assessed the charity’s financial position and are satisfied that it has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the financial statements have been prepared on a going concern basis.

FUTURE PLANS

The Trustees’ plans for the future are to continue strengthening fundraising efforts and securing the resources needed to support the School’s ongoing growth and success.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The governing document of the charity which was incorporated on 8th January 2015 is its Memorandum and Articles of Association, as amended by a special resolution registered at Companies House on 9th March 2016. The charity number is 1166117. The charity commenced operation on 1st September 2016.

The Trustees meet regularly and decisions are made after the views of all present have been taken into account.

The Chair of Trustees is responsible for the induction of any new Trustee, which includes awareness of Trustee responsibilities, the governing document and operational activities of the charity. When appointing new Trustees, efforts are made to recruit individuals with a breadth of interests, social awareness, knowledge of the Jewish community and the educational requirements of Jewish families. Potential and newly appointed Trustees are provided with full information about the work of the charity. Training needs are continually monitored to ensure that Trustees are up to date with relevant information and requirements.

The Trustees are in regular contact with the Governors of School, some of whom are also Trustees of the charity.

The Trustees are committed to legal requirements and best practice and have during the year kept under review their policies and procedures including safeguarding and financial controls.

Risk management

The Trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the charity, and are satisfied that systems and procedures are in place to mitigate the exposure to any major risks.

Approved by order of the board of trustees on 28 May 2026 and signed on its behalf by:

Mr A D Landy - Trustee

Independent examiner's report to the trustees of NWL Jewish Day School ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2025.

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.

Aryeh Melinek, FCA

Melinek Fine LLP

Chartered Accountants

First Floor, Winston House

349 Regents Park Road

London

N3 1DH

28 May 2026

2025

2024

Unrestricted

Restricted

Endowment

Total

Total

fund

funds

fund

funds

funds

Notes

£

£

£

£

£

INCOME AND ENDOWMENTS

FROM

Donations and legacies

2

441,581

-

-

441,581

433,265

Investment income

3

28,381

-

-

28,381

50,387

Total

469,962

-

-

469,962

483,652

EXPENDITURE ON

Raising funds

4

26,549

-

-

26,549

17,398

Charitable activities

5

Charitable activities

523,170

33,721

1,737

558,628

593,592

Total

549,719

33,721

1,737

585,177

610,990

NET INCOME/(EXPENDITURE)

(79,757

)

(33,721

)

(1,737

)

(115,215

)

(127,338

)

RECONCILIATION OF FUNDS

Total funds brought forward

267,606

1,416,772

380,211

2,064,589

2,191,927

TOTAL FUNDS CARRIED FORWARD

187,849

1,383,051

378,474

1,949,374

2,064,589

2025

2024

Unrestricted

Restricted

Endowment

Total

Total

fund

funds

fund

funds

funds

Notes

£

£

£

£

£

FIXED ASSETS

Tangible assets

11

-

1,383,051

3,474

1,386,525

1,421,983

Investment property

12

-

-

375,000

375,000

375,000

-

1,383,051

378,474

1,761,525

1,796,983

CURRENT ASSETS

Debtors

13

1,463

-

-

1,463

-

Cash at bank

206,776

-

-

206,776

349,271

208,239

-

-

208,239

349,271

CREDITORS

Amounts falling due within one year

14

(20,390

)

-

-

(20,390

)

(81,665

)

NET CURRENT ASSETS

187,849

-

-

187,849

267,606

TOTAL ASSETS LESS CURRENT LIABILITIES

187,849

1,383,051

378,474

1,949,374

2,064,589

NET ASSETS

187,849

1,383,051

378,474

1,949,374

2,064,589

FUNDS

15

Unrestricted funds

187,849

267,606

Restricted funds

1,383,051

1,416,772

Endowment funds

378,474

380,211

TOTAL FUNDS

1,949,374

2,064,589

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 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 28 May 2026 and were signed on its behalf by:

Mr A D Landy - Trustee

Cash flows from operating activities

Cash generated from operations

1

(150,628

)

(185,380

)

Net cash used in operating activities

(150,628

)

(185,380

)

Cash flows from investing activities

Interest received

8,133

23,384

Net cash provided by investing activities

8,133

23,384

Change in cash and cash equivalents in the reporting period

(142,495

)

(161,996

)

Cash and cash equivalents at the beginning of the reporting period

349,271

511,267

Cash and cash equivalents at the end of the reporting period

206,776

349,271

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

2025

2024

£

£

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

(115,215

)

(127,338

)

Adjustments for:

Depreciation charges

35,458

37,916

Interest received

(8,133

)

(23,384

)

(Increase)/decrease in debtors

(1,463

)

7,384

Decrease in creditors

(61,275

)

(79,958

)

Net cash used in operations

(150,628

)

(185,380

)

2.	ANALYSIS OF CHANGES IN NET FUNDS

At 1.9.24

Cash flow

At 31.8.25

£

£

£

Net cash

Cash at bank

349,271

(142,495

)

206,776

349,271

(142,495

)

206,776

Total

349,271

(142,495

)

206,776

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.

Tangible fixed assets

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

Long leasehold

-

2% on cost

Computer equipment

-

33% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Statement of Financial Activities.

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.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Legal status of the charity

The charity is a company limited by guarantee and has no share capital. Liability of each member in the event of winding-up is limited to £10.

Financial Instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset or settle the liability simultaneously.

2.	DONATIONS AND LEGACIES

2025

2024

£

£

Voluntary contributions

269,647

316,971

Donations

101,078

53,161

Gift aid

70,183

60,937

Extracurricular activities

673

2,196

441,581

433,265

3.	INVESTMENT INCOME

2025

2024

£

£

Rents received

20,248

27,003

Deposit account interest

8,133

23,384

28,381

50,387

4.	RAISING FUNDS

Raising donations and legacies

2025

2024

£

£

Fundraising costs

12,696

306

Investment management costs

2025

2024

£

£

Administrative expenses

499

640

Insurance

3,096

1,598

Property repairs

7,547

12,078

Utilities

1,552

171

Legal and professional fees

1,159

-

Depreciation

-

2,605

13,853

17,092

Aggregate amounts

26,549

17,398

5.	CHARITABLE ACTIVITIES COSTS

Support

Direct

costs (see

Costs

note 6)

Totals

£

£

£

Charitable activities

531,198

27,430

558,628

6.	SUPPORT COSTS

Governance

Management

Finance

costs

Totals

£

£

£

£

Charitable activities

15,497

1,433

10,500

27,430

7.	NET INCOME/(EXPENDITURE)

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

2025

2024

£

£

Depreciation - owned assets

35,458

37,916

8.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 August 2025 nor for the year ended 31 August 2024 other than those disclosed in note 15.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 August 2025 nor for the year ended 31 August 2024.

9.	STAFF COSTS

2025

2024

£

£

Wages and salaries

369,026

420,991

Social security costs

35,305

36,995

Other pension costs

44,134

43,846

448,465

501,832

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

2025

2024

Employees

6

7

The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:

2025

2024

£60,001 - £70,000

3

3

£80,001 - £90,000

1

1

4

4

The key management of the charity comprise the trustees, the head of kodesh and deputy head of kodesh. The total employee benefits of the key management personnel of the charity were £155,051 (2024: £150,540).

10.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted

Restricted

Endowment

Total

fund

funds

fund

funds

£

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

433,265

-

-

433,265

Investment income

50,387

-

-

50,387

Total

483,652

-

-

483,652

EXPENDITURE ON

Raising funds

14,793

2,605

-

17,398

Charitable activities

Charitable activities

558,281

35,311

-

593,592

Total

573,074

37,916

-

610,990

NET INCOME/(EXPENDITURE)

(89,422

)

(37,916

)

-

(127,338

)

RECONCILIATION OF FUNDS

Total funds brought forward

357,028

1,454,688

380,211

2,191,927

TOTAL FUNDS CARRIED FORWARD

267,606

1,416,772

380,211

2,064,589

11.	TANGIBLE FIXED ASSETS

Fixtures

Long

and

Computer

leasehold

fittings

equipment

Totals

£

£

£

£

COST

At 1 September 2024 and 31 August 2025

1,686,058

14,335

11,545

1,711,938

DEPRECIATION

At 1 September 2024

269,286

9,124

11,545

289,955

Charge for year

33,721

1,737

-

35,458

At 31 August 2025

303,007

10,861

11,545

325,413

NET BOOK VALUE

At 31 August 2025

1,383,051

3,474

-

1,386,525

At 31 August 2024

1,416,772

5,211

-

1,421,983