IRIS Accounts Production v26.1.0.640 Other Company accounts True false Pounds 1.8.24 31.7.25 31.7.25 FY FRS 102 Independent examiner Small companies regime for accounts Full Charities SORP true true true true false true false false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 03508665 2024-07-31 03508665 2025-07-31 03508665 2024-08-01 2025-07-31 03508665 2023-07-31 03508665 2023-08-01 2024-07-31 03508665 2024-07-31 03508665 ns0:CharitableCompanyLimitedByGuarantee 2024-08-01 2025-07-31 03508665 ns15:PoundSterling 2024-08-01 2025-07-31 03508665 ns11:FRS102 2024-08-01 2025-07-31 03508665 ns0:IndependentExaminationCharity 2024-08-01 2025-07-31 03508665 ns11:SmallCompaniesRegimeForAccounts 2024-08-01 2025-07-31 03508665 ns11:FullAccounts 2024-08-01 2025-07-31 03508665 ns0:CharitiesSORP 2024-08-01 2025-07-31 03508665 ns0:Trustee2 2024-08-01 2025-07-31 03508665 ns0:Trustee1 2024-08-01 2025-07-31 03508665 ns11:RegisteredOffice 2024-08-01 2025-07-31 03508665 ns0:Activity9 2024-08-01 2025-07-31 03508665 ns0:Activity9 2023-08-01 2024-07-31 03508665 ns0:Activity10 2024-08-01 2025-07-31 03508665 ns0:Activity10 2023-08-01 2024-07-31 03508665 ns0:Activity11 2024-08-01 2025-07-31 03508665 ns0:Activity11 2023-08-01 2024-07-31 03508665 ns0:Activity12 2024-08-01 2025-07-31 03508665 ns0:Activity12 2023-08-01 2024-07-31 03508665 ns10:WithinOneYear 2025-07-31 03508665 ns10:WithinOneYear 2024-07-31 03508665 ns10:AfterOneYear 2025-07-31 03508665 ns10:AfterOneYear 2024-07-31 03508665 ns10:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment 2024-08-01 2025-07-31 03508665 ns10:FurnitureFittingsToolsEquipment 2024-08-01 2025-07-31 03508665 ns10:ComputerEquipment 2024-08-01 2025-07-31 03508665 3 2024-08-01 2025-07-31 03508665 ns10:OwnedAssets 2024-08-01 2025-07-31 03508665 ns10:OwnedAssets 2023-08-01 2024-07-31 03508665 ns10:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment 2024-07-31 03508665 ns10:FurnitureFittings 2024-07-31 03508665 ns10:ComputerEquipment 2024-07-31 03508665 ns10:FurnitureFittings 2024-08-01 2025-07-31 03508665 ns10:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment 2025-07-31 03508665 ns10:FurnitureFittings 2025-07-31 03508665 ns10:ComputerEquipment 2025-07-31 03508665 ns10:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment 2024-07-31 03508665 ns10:FurnitureFittings 2024-07-31 03508665 ns10:ComputerEquipment 2024-07-31 03508665 ns10:WithinOneYear 2024-08-01 2025-07-31 03508665 ns10:BetweenTwoFiveYears 2025-07-31 03508665 ns10:BetweenTwoFiveYears 2024-07-31

REGISTERED COMPANY NUMBER: 03508665 (England and Wales)

REGISTERED CHARITY NUMBER: 1071348

| SCHIFFSHUL LIMITED |

| (A COMPANY LIMITED BY GUARANTEE) |

| REPORT OF THE TRUSTEES AND |

| FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 JULY 2025 |

| SCHIFFSHUL LIMITED |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

| 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 |  | 14

| SCHIFFSHUL LIMITED |

REFERENCE AND ADMINISTRATIVE DETAILS

FOR THE YEAR ENDED 31 JULY 2025

| TRUSTEES | R Spitzer

| B Stern

| REGISTERED OFFICE | First Floor

| 94 Stamford Hill

| London

| N16 6XS

| REGISTERED COMPANY NUMBER | 03508665 (England and Wales)

| REGISTERED CHARITY NUMBER | 1071348

| INDEPENDENT EXAMINER | Sugarwhite Meyer Accountants Ltd

| First Floor

| 94 Stamford Hill

| London

| N16 6XS

| BANKERS | Barclays Bank plc

| High Road

| Tottenham

| London

| N17 OEY

| SCHIFFSHUL LIMITED (REGISTERED NUMBER: 03508665) |

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31 JULY 2025

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 July 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).

REFERENCE AND ADMINISTRATIVE DETAILS

The information is shown on page 1 of the financial statements and forms part of this report.

OBJECTIVES AND ACTIVITIES

Objectives and aims

The objects of the charity are:

- maintaining a synagogue for religious observance;

- the provision of facilities for recreation and education of young persons and adults;

- the relief of poor and needy individuals and families

The trustees confirm that they have referred to the Charity Commission's general guidance on public benefit.

Grantmaking policy

The charity pays grants to both individuals and to charitable institutions and organisations which accord with the objects of the charity.

In general, the trustees identify organisations to support based on their knowledge and understanding of the work undertaken by those organisations. Although the charity does not actively invite applications, all requests for assistance are considered carefully, with support provided according to the merits of each case and the funds available at the time.

Applications by individuals must be accompanied by a letter of recommendation by the applicant's minister or other known religious leader.

ACHIEVEMENTS AND PERFORMANCE

Charitable activities

The Trustees are satisfied with the results for the year. Donations increased by 15% compared with the previous year; synagogue expenditure increased by 8%; grantmaking significantly increased by 33%, the charity was left with a small surplus for the year.

FINANCIAL REVIEW

Reserves policy

The charity does not have a specific reserve policy. Sufficient funds are retained to cover recurring and ongoing expenses. Reserves at the year end stood at £4,329 (2024 - £71,957).

FUTURE PLANS

The charity plans to continue its activities for the foreseeable future subject to satisfactory income.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Constitution

The charity is constituted as a limited company and is governed by its Memorandum and Articles of Association dated 12 February 1998 as amended by special resolution on 21st August 1998.

Recruitment and appointment of new trustees

The trustees are responsible for the day to day running of the charity. The power to appoint new trustees is vested in the continuing board. It is not the intention of the trustees of the charity to appoint any new trustees. Should the situation change in the future, the trustees will apply suitable recruitment, induction and training procedures in accordance with the Charity Commission's guidelines.

| SCHIFFSHUL LIMITED (REGISTERED NUMBER: 03508665) |

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31 JULY 2025

STRUCTURE, GOVERNANCE AND MANAGEMENT

Organisational structure

The power to appoint new trustees vests with the current board. It is not the intention of the trustees of the charity to appoint any new trustees. Should the situation change in the future, the trustees will apply suitable recruitment induction and training procedures.

Risk management

The trustees have reviewed the major risks that the charity is exposed and confirm that they have established systems to mitigate them.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on 30 May 2026 and signed on its behalf by:

B Stern - Trustee

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF

SCHIFFSHUL LIMITED

Independent examiner's report to the trustees of Schiffshul Limited ('the Company')

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

E Meyer FCA BSc

Sugarwhite Meyer Accountants Ltd

First Floor

94 Stamford Hill

London

N16 6XS

30 May 2026

| SCHIFFSHUL LIMITED |

STATEMENT OF FINANCIAL ACTIVITIES

(INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT)

FOR THE YEAR ENDED 31 JULY 2025

| 2025 |  | 2024

| Unrestricted |  | Total

| fund |  | funds

| Notes | £ | £ |

INCOME AND ENDOWMENTS FROM

Donations and legacies | 631,549 |  | 547,000 |

Investment income | 2 | 8,175 |  | 362 |

Other income | 26,590 |  | 28,872 |

Total | 666,314 |  | 576,234 |

EXPENDITURE ON

Raising funds | 3 | 12,324 |  | - |

Charitable activities | 4

Synagogue expenditure | 214,066 |  | 198,322 |

Education and leisure facilities | 69,360 |  | 86,941 |

Grantmaking | 430,411 |  | 322,163 |

Support costs | 7,780 |  | 7,171 |

Total | 733,941 |  | 614,597 |

NET INCOME/(EXPENDITURE) | (67,627 | ) | (38,363 | )

RECONCILIATION OF FUNDS

Total funds brought forward | 71,957 |  | 110,320 |

TOTAL FUNDS CARRIED FORWARD | 4,330 |  | 71,957 |

| SCHIFFSHUL LIMITED (REGISTERED NUMBER: 03508665) |

BALANCE SHEET

31 JULY 2025

| 2025 |  | 2024

| Total |  | Total

| funds |  | funds

| Notes | £ | £ |

FIXED ASSETS |

Tangible assets | 10 | 859,258 |  | 242,160 |

CURRENT ASSETS |

Debtors | 11 | 194,673 |  | 233,273 |

Cash at bank | 76,876 |  | 529,717 |

271,549 |  | 762,990 |

CREDITORS |

Amounts falling due within one year | 12 | (1,126,477 | ) | (925,193 | )

NET CURRENT ASSETS | (854,928 | ) | (162,203 | )

TOTAL ASSETS LESS CURRENT LIABILITIES | 4,330 |  | 79,957 |

CREDITORS |

Amounts falling due after more than one year | 13 | - |  | (8,000 | )

NET ASSETS/(LIABILITIES) | 4,330 |  | 71,957 |

FUNDS

Unrestricted funds:

| General fund | 4,330 |  | 71,957 |

TOTAL FUNDS | 4,330 |  | 71,957 |

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

| SCHIFFSHUL LIMITED (REGISTERED NUMBER: 03508665) |

BALANCE SHEET - continued

31 JULY 2025

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 30 May 2026 and were signed on its behalf by:

B Stern - Trustee

| SCHIFFSHUL LIMITED |

CASH FLOW STATEMENT

FOR THE YEAR ENDED 31 JULY 2025

| 2025 |  | 2024

| Notes | £ | £ |

Cash flows from operating activities

Cash generated from operations | 1 | 76,487 |  | (237,700 | ) |

Net cash provided by/(used in) operating activities | 76,487 |  | (237,700 | ) |

Cash flows from investing activities

Purchase of tangible fixed assets | (693,347 | ) | (133,684 | ) |

Interest received | 8,175 |  | 362 |  |

Net cash used in investing activities | (685,172 | ) | (133,322 | ) |

Cash flows from financing activities

New loans in year | - |  | 900,000 |  |

Rolled up interest | 163,800 |  | - |  |

Loan repayments in year | (8,000 | ) | (8,000 | ) |

Net cash provided by financing activities | 155,800 |  | 892,000 |  |

Change in cash and cash equivalents in the reporting period | (452,885 | ) | 520,978 |  |

Cash and cash equivalents at the beginning of the reporting period | 2 | 529,717 |  | 8,739 |  |

Cash and cash equivalents at the end of the reporting period | 2 | 76,832 |  | 529,717 |  |

| SCHIFFSHUL LIMITED |

NOTES TO THE CASH FLOW STATEMENT

FOR THE YEAR ENDED 31 JULY 2025

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) | (67,627 | ) | (38,363 | ) |

| Adjustments for:

| Depreciation charges | 76,248 |  | 27,490 |  |

| Interest received | (8,175 | ) | (362 | ) |

| Decrease/(increase) in debtors | 38,600 |  | (233,273 | ) |

| Increase in creditors | 37,441 |  | 6,808 |  |

| Net cash provided by/(used in) operations | 76,487 |  | (237,700 | ) |

2. | ANALYSIS OF CASH AND CASH EQUIVALENTS

2025 | 2024 |

£ | £ |

| Notice deposits (less than 3 months) | 76,876 |  | 529,717 |  |

| Overdrafts included in bank loans and overdrafts falling due within one year | (44 | ) | - |  |

| Total cash and cash equivalents | 76,832 |  | 529,717 |  |

3. | ANALYSIS OF CHANGES IN NET DEBT

| At 1.8.24 | Cash flow | At 31.7.25

£ | £ | £ |

| Net cash |

| Cash at bank | 529,717 |  | (452,841 | ) | 76,876 |  |

| Bank overdraft | - |  | (44 | ) | (44 | ) |

529,717 |  | (452,885 | ) | 76,832 |  |

| Debt

| Debts falling due within 1 year | (908,000 | ) | (163,799 | ) | (1,071,799 | ) |

| Debts falling due after 1 year | (8,000 | ) | 8,000 |  | - |  |

(916,000 | ) | (155,799 | ) | (1,071,799 | ) |

| Total | (386,283 | ) | (608,684 | ) | (994,967 | ) |

| SCHIFFSHUL LIMITED |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

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 in the year in which they are incurred and includes irrecoverable VAT which is reported as part of the expenditure to which it relates.

| Support costs are those incurred to assist the work of the charity but are not direct charitable activities.

| Governance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.

| 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 | - | 10% on reducing balance

| Fixtures and fittings | - | 33% on reducing balance

| Computer equipment | - | 33% on reducing balance

| Taxation

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

| Financial instruments

| The charity only has financial assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.

| Going concern

| There are no material uncertainties about the charity's ability to continue.

2. | INVESTMENT INCOME

| 2025 |  | 2024

| Unrestricted | Total

| funds | funds

£ | £ |

| Deposit account interest | 3,675 |  | 189 |  |

| Interest receivable | 4,500 |  | 173 |  |

8,175 |  | 362 |  |

| SCHIFFSHUL LIMITED |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JULY 2025

3. | RAISING FUNDS

| Raising donations and legacies

| 2025 |  | 2024

| Unrestricted | Total

| funds | funds

£ | £ |

| Fundraising functions | 12,324 |  | - |  |

4. | CHARITABLE ACTIVITIES COSTS

| Grant |

| funding of |

| activities | Support |

| Direct | (see note | costs (see |

| Costs | 5) | note 6) | Totals

£ | £ | £ | £ |

| Synagogue expenditure | 214,066 |  | - |  | - |  | 214,066 |  |

| Education and leisure facilities | 69,360 |  | - |  | - |  | 69,360 |  |

| Grantmaking | - |  | 430,411 |  | - |  | 430,411 |  |

| Support costs | - |  | - |  | 7,780 |  | 7,780 |  |

283,426 |  | 430,411 |  | 7,780 |  | 721,617 |  |

5. | GRANTS PAYABLE

| 2025 |  | 2024

£ | £ |

| Grantmaking | 430,411 |  | 321,654 |  |

| The total grants paid to institutions during the year was as follows: |

| 2025 |  | 2024

£ | £ |

| Relief of poverty | 2,250 |  | 6,600 |  |

| Religious education | 13,299 |  | 7,600 |  |

| Advancement of religion | 18,400 |  | 6,025 |  |

| Social welfare | 8,335 |  | 11,400 |  |

| General purpose | 1,080 |  | - |  |

43,364 |  | 31,625 |  |

| Rise and Shine |  | 18,000 |  |

| Friends of Yeshiva Daas Shulem Shotz |  | 13,000 |  |

| Others below £5,000 |  | 12,364 |  |

|  | 43,364 |  |

| The total grants paid to individuals during the year was as follows: |

| 2025 |  | 2024

£ | £ |

| Relief of poverty | 387,047 |  | 285,029 |  |

| Medical | - |  | 5,000 |  |

387,047 |  | 290,029 |  |

| SCHIFFSHUL LIMITED |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JULY 2025

6. | SUPPORT COSTS

| Governance |

| Finance |  | costs |  | Totals

£ | £ | £ |

| Support costs | 363 |  | 7,417 |  | 7,780 |  |

| Support costs, included in the above, are as follows: |

| 2025 |  | 2024

| Support |  | Total

| costs |  | activities

£ | £ |

| Bank charges | 363 |  | 420 |  |

| Independent examiner's fee | 2,100 |  | 1,260 |  |

| Independent examiner's other fees | 4,680 |  | 2,640 |  |

| General expenses | 637 |  | 511 |  |

| Legal and professional fees | - |  | 2,340 |  |

7,780 |  | 7,171 |  |

7. | NET INCOME/(EXPENDITURE)

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

| 2025 |  | 2024

£ | £ |

| Depreciation - owned assets | 76,249 |  | 27,490 |  |

8. | TRUSTEES' REMUNERATION AND BENEFITS

| There were no trustees' remuneration or other benefits for the year ended 31 July 2025 nor for the year ended 31 July 2024.

| Trustees' expenses

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

9. | STAFF COSTS

| 2025 |  | 2024

£ | £ |

| Wages and salaries | 60,814 |  | 49,176 |  |

60,814 |  | 49,176 |  |

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

| 2025 |  | 2024

| Synagogue staff | 6 |  | 5 |  |

| Maintenance | 1 |  | 1 |  |

7 |  | 6 |  |

| SCHIFFSHUL LIMITED |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JULY 2025

9. | STAFF COSTS - continued

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

10. | TANGIBLE FIXED ASSETS

| Improvements |  | Fixtures |

| to |  | and |  | Computer |

| property |  | fittings |  | equipment |  | Totals

£ | £ | £ | £ |

| COST

| At 1 August 2024 | 351,920 |  | 22,861 |  | 2,000 |  | 376,781 |  |

| Additions | 693,347 |  | - |  | - |  | 693,347 |  |

| At 31 July 2025 | 1,045,267 |  | 22,861 |  | 2,000 |  | 1,070,128 |  |

| DEPRECIATION

| At 1 August 2024 | 111,260 |  | 21,361 |  | 2,000 |  | 134,621 |  |

| Charge for year | 75,749 |  | 500 |  | - |  | 76,249 |  |

| At 31 July 2025 | 187,009 |  | 21,861 |  | 2,000 |  | 210,870 |  |

| NET BOOK VALUE

| At 31 July 2025 | 858,258 |  | 1,000 |  | - |  | 859,258 |  |

| At 31 July 2024 | 240,660 |  | 1,500 |  | - |  | 242,160 |  |

11. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025 | 2024 |

£ | £ |

| Other debtors | 194,673 |  | 233,273 |  |

12. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts (see note 14) | 1,071,843 |  | 908,000 |  |

| Social security and other taxes | - |  | 4,041 |  |

| Wages control | - |  | 5,598 |  |

| Other creditors | 43,564 |  | - |  |

| Accruals and deferred income | 11,070 |  | 7,554 |  |

1,126,477 |  | 925,193 |  |

| The charity's bank loan is secured by a fixed charge over its fixed assets and a floating charge over the remaining assets of the charity.

| SCHIFFSHUL LIMITED |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JULY 2025

13. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025 | 2024 |

£ | £ |

| Bank loans (see note 14) | - |  | 8,000 |  |

14. | LOANS

| An analysis of the maturity of loans is given below:

2025 | 2024 |

£ | £ |

| Amounts falling due within one year on demand:

| Bank overdrafts | 44 |  | - |  |

| Bank loans | 1,071,799 |  | 908,000 |  |

1,071,843 |  | 908,000 |  |

| Amounts falling due between two and five years:

| Bank loans - 2-5 years | - |  | 8,000 |  |

15. | RELATED PARTY DISCLOSURES

| The charity received unrestricted donations totalling £6,630 (2024 - £9,290) from a company in which a Trustee has an interest.

| At the year end, the charity owed one of the Trustees £43,564 in respect of monies paid on behalf of the charity.