REGISTERED COMPANY NUMBER: 07035874 (England and Wales)

REGISTERED CHARITY NUMBER: 1135287

REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025

FOR

BNEI ZION COMMUNITY NURSERY LIMITED

Page

Report of the Trustees

1

to

3

Statement of Trustees' Responsibilities

4

Report of the Independent Auditors

5

to

7

Statement of Financial Activities

8

Statement of Financial Position

9

to

10

Statement of Cash Flows

11

Notes to the Statement of Cash Flows

12

Notes to the Financial Statements

13

to

18

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 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

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.

STRATEGIC REPORT

Achievements and performance

Charitable activities

During the period under review the charity received income that amounted to £1,619,699 (2024: £964,371) and had nursery running costs that amounted to £1,718,935 (2024: £1,298,279).

Financial review

Reserves policy

The trustees recognise the importance of maintaining sufficient reserves to ensure the continued operation of the charity and to meet its financial obligations as they fall due.

At 31 December 2025, the charity had negative unrestricted funds of £494,924 (2024: £356,447).

The trustees acknowledge that the present level of reserves is below their desired level. They are continuing to monitor the charity's financial position closely and are taking steps to improve its financial stability through the management of expenditure and the development of sustainable income sources.

The trustees will continue to review the reserves position regularly, taking into account the charity's operational requirements, financial commitments and anticipated income.

Going concern

The financial statements have been prepared on a going concern basis. At 31 December 2025, the charity had net current liabilities of £389,198 and accumulated unrestricted fund deficits of £494,924.

The trustees have considered the charity's financial position and its ability to continue operating for the foreseeable future. BC Trust and the charity's other creditors have confirmed that they will not demand immediate repayment of the amounts owed to them. The trustees continue to monitor the charity's income and expenditure closely and are taking steps to improve its financial position.

Having regard to these arrangements and the continued operation of the charity, the trustees consider that the going concern basis of accounting remains appropriate.

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

J Schreiber (appointed 9.6.26)

B Bronner (resigned 9.6.26)

Company Secretary

B D Rudzinski

Auditors

Venitt and Greaves

Chartered Accountants

115 Craven Park Road

South Tottenham

London

N15 6BL

AUDITORS

The auditors, Venitt and Greaves, will be proposed for re-appointment at the forthcoming Annual General Meeting.

Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 10 September 2026 and signed on the board's behalf by:

B D Rudzinski - Trustee

The trustees (who are also the directors of Bnei Zion Community Nursery Limited for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

Company law requires the trustees to prepare financial statements for each financial year. Under that law, the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).

Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

-	select suitable accounting policies and then apply them consistently;

-	observe the methods and principles in the Charities SORP;

-	make judgements and estimates that are reasonable and prudent;

-	state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

-	there is no relevant audit information of which the charitable company's auditors are unaware; and

-	the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.

Opinion

We have audited the financial statements of Bnei Zion Community Nursery Limited (the 'charitable company') for the year ended 31 October 2025 which comprise the Statement of Financial Activities, the Statement of Financial Position, the Statement of Cash Flows and notes to the financial statements, 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 (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In our opinion the financial statements:

-	give a true and fair view of the state of the charitable company's affairs as at 31 October 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 Accepted Accounting Practice, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

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 Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company 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 have 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 performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company'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 trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information 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 determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, 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

We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

-	the information given in the Report of the Trustees is inconsistent in any material respect with the financial statements; or

-	the charitable company has not kept adequate accounting records; or

-	the financial statements are not in agreement with the accounting records and returns; or

-	we have not received all the information and explanations we require for our audit.

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) 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 charitable company's ability to continue 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 charitable company or to cease operations, or have no realistic alternative but to do so.

Our responsibilities for the audit of the financial statements

We have been appointed as auditors under Section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

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 error, and to issue a Report of the Independent Auditors 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 statements.

- We obtained an understanding of the legal and regulatory frameworks that are applicable to the charity through

discussion with the trustees and identified financial reporting legislation and charity legislation as being most significant to these financial statements. These included but were not limited to FRS 102, Charities Act 2011 and Data protection legislation as they affect the direct charitable activities of the charity.

- We communicated these identified frameworks amongst our audit team and remained alert 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 laws and regulations.

- We discussed with the trustees the policies and procedures regarding compliance with these 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 stages of our audit. Specific areas identified were the completeness of income and going concern.

- 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. We performed appropriate audit testing on the recognition and completeness of income and management’s assessment of going concern.

Our audit procedures were designed to respond to risks of material misstatement in the financial statements, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery, misrepresentations or through collusion. There are inherent limitations in the audit procedures performed and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we are to become aware of it.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Use of our report

This report is made solely to the charitable company's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charitable company's trustees those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Venitt and Greaves

Chartered Accountants

Eligible to act as an auditor in terms of Section 1212 of the Companies Act 2006

115 Craven Park Road

South Tottenham

London

N15 6BL

10 September 2026

31.10.25

31.10.24

Unrestricted

Total

fund

funds

Notes

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

2

1,617,599

962,461

Investment income

3

2,100

1,910

Total

1,619,699

964,371

EXPENDITURE ON

Charitable activities

4

Nursery running cost

1,718,935

1,298,279

Administrative expenses

-

2,640

Charitable donations

32,241

5,160

Other

7,000

-

Total

1,758,176

1,306,079

NET INCOME/(EXPENDITURE)

(138,477

)

(341,708

)

RECONCILIATION OF FUNDS

Total funds brought forward

(356,447

)

(14,739

)

TOTAL FUNDS CARRIED FORWARD

(494,924

)

(356,447

)

31.10.25

31.10.24

Unrestricted

Total

fund

funds

Notes

£

£

FIXED ASSETS

Tangible assets

11

50,816

60,223

CURRENT ASSETS

Debtors

12

34,004

31,904

Cash at bank

14,647

16,717

48,651

48,621

CREDITORS

Amounts falling due within one year

13

(437,849

)

(75,630

)

NET CURRENT ASSETS/(LIABILITIES)

(389,198

)

(27,009

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(338,382

)

33,214

CREDITORS

Amounts falling due after more than one year

14

(156,542

)

(389,661

)

NET ASSETS

(494,924

)

(356,447

)

FUNDS

15

Unrestricted funds

(494,924

)

(356,447

)

TOTAL FUNDS

(494,924

)

(356,447

)

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

The members have not deposited notice, pursuant to Section 476 of the Companies Act 2006 requiring an audit of these financial statements.

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.

The financial statements were approved by the Board of Trustees and authorised for issue on 10 September 2026 and were signed on its behalf by:

B D Rudzinski - Trustee

Cash flows from operating activities

Cash generated from operations

1

(4,170

)

35,632

Net cash (used in)/provided by operating activities

(4,170

)

35,632

Cash flows from investing activities

Interest received

2,100

1,910

Net cash provided by investing activities

2,100

1,910

Change in cash and cash equivalents in the reporting period

(2,070

)

37,542

Cash and cash equivalents at the beginning of the reporting period

16,717

(20,825

)

Cash and cash equivalents at the end of the reporting period

14,647

16,717

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

31.10.25

31.10.24

£

£

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

(138,477

)

(341,708

)

Adjustments for:

Depreciation charges

9,407

14,595

Interest received

(2,100

)

(1,910

)

Increase in debtors

(2,100

)

(26,904

)

Increase in creditors

129,100

391,559

Net cash (used in)/provided by operations

(4,170

)

35,632

2.	ANALYSIS OF CHANGES IN NET FUNDS

At 1.11.24

Cash flow

At 31.10.25

£

£

£

Net cash

Cash at bank

16,717

(2,070

)

14,647

16,717

(2,070

)

14,647

Total

16,717

(2,070

)

14,647

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

31.10.25

31.10.24

£

£

Donations

805,646

220,136

Grants

511,979

442,154

Fees received

299,974

300,171

1,617,599

962,461

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

31.10.25

31.10.24

£

£

Other grants

511,979

442,154

3.	INVESTMENT INCOME

31.10.25

31.10.24

£

£

Deposit account interest

-

6

Interest receivable - trading

2,100

1,904

2,100

1,910

4.	CHARITABLE ACTIVITIES COSTS

Grant

funding of

activities

Support

Direct

(see note

costs (see

Costs

5)

note 6)

Totals

£

£

£

£

Nursery running cost

1,718,355

-

580

1,718,935

Charitable donations

-

32,241

-

32,241

1,718,355

32,241

580

1,751,176

5.	GRANTS PAYABLE

31.10.25

31.10.24

£

£

Charitable donations

32,241

5,160

6.	SUPPORT COSTS

Governance

Finance

costs

Totals

£

£

£

Other resources expended

-

7,000

7,000

Nursery running cost

580

-

580

580

7,000

7,580

7.	NET INCOME/(EXPENDITURE)

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

31.10.25

31.10.24

£

£

Auditors' remuneration

7,000

-

Depreciation - owned assets

9,407

14,595

8.	TRUSTEES' REMUNERATION AND BENEFITS

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

Trustees' expenses

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

9.	STAFF COSTS

31.10.25

31.10.24

£

£

Wages and salaries

557,226

471,619

Social security costs

22,479

-

579,705

471,619

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

31.10.25

31.10.24

Staff

52

57

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

962,461

Investment income

1,910

Total

964,371

EXPENDITURE ON

Charitable activities

Nursery running cost

1,298,279

Administrative expenses

2,640

Charitable donations

5,160

Total

1,306,079

NET INCOME/(EXPENDITURE)

(341,708

)

RECONCILIATION OF FUNDS

Total funds brought forward

(14,739

)

TOTAL FUNDS CARRIED FORWARD

(356,447

)

11.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Motor

property

fittings

vehicles

Totals

£

£

£

£

COST

At 1 November 2024 and 31 October 2025

95,532

168,394

25,800

289,726

DEPRECIATION

At 1 November 2024

93,757

113,005

22,741

229,503

Charge for year

89

8,309

1,009

9,407

At 31 October 2025

93,846

121,314

23,750

238,910

NET BOOK VALUE

At 31 October 2025

1,686

47,080

2,050

50,816

At 31 October 2024

1,775

55,389

3,059

60,223

12.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Other debtors

34,004

31,904

13.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Social security and other taxes

37,448

-

Other creditors

388,361

70,590

Accrued expenses

12,040

5,040

437,849

75,630

14.	CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.25

31.10.24

£

£

Other creditors

156,542

389,661

15.	MOVEMENT IN FUNDS

Net

At

movement

At

1.11.24

in funds

31.10.25

£

£

£

Unrestricted funds

General fund

(356,447

)

(138,477

)

(494,924

)

TOTAL FUNDS

(356,447

)

(138,477

)

(494,924

)

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

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

1,619,699

(1,758,176

)

(138,477

)

TOTAL FUNDS

1,619,699

(1,758,176

)

(138,477

)

Comparatives for movement in funds

Net

At

movement

At

1.11.23

in funds

31.10.24

£

£

£

Unrestricted fund

(14,739

)

(341,708

)

(356,447

)

TOTAL FUNDS

(14,739

)

(341,708

)

(356,447

)

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

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted fund

964,371

(1,306,079

)

(341,708

)

TOTAL FUNDS

964,371

(1,306,079

)

(341,708

)

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

Net

At

movement

At

1.11.23

in funds

31.10.25

£

£

£

Unrestricted fund

(14,739

)

(480,185

)

(494,924

)

TOTAL FUNDS

(14,739

)

(480,185

)

(494,924

)