**REGISTERED CHARITY NUMBER: 1000146**
## **Report of the Trustees and**
**Unaudited Financial Statements for the Year Ended 31 August 2022**
**for**
**Torah Temimoh Primary School**
**Torah Temimoh Primary School**
**Contents of the Financial Statements for the Year Ended 31 August 2022**
||**Page**|
|---|---|
|**Report of the Trustees**|1 to 2|
|**Independent Examiner's Report**|3|
|**Statement of Financial Activities**|4|
|**Balance Sheet**|5|
|**Cash Flow Statement**|6|
|**Notes to the Cash Flow Statement**|7|
|**Notes to the Financial Statements**|8 to 12|
|**Detailed Statement of Financial Activities**|13|
Torah Temimob Primary School
Report of the Trustees
for the Year EDded 31 August 2022
The tru%tces prc%ent ihcir repon with the financial siatemenis of the charity for the year ended 31 Allgust 2022. The iru%tee
have adoptcd the proi'ision% of Accouniing and Reporting by Chtiriiies= Siaicmeni of Rccommcndcd Practice applicable to
chLVlties prcparing ihcir accoun[% in accordance with the Financial Rep)ning Standard applicable in the UK and Republic of
Ireland IFRS 1021 l¢tle¢iive l January 20191.
OBJECTIVE.S AND ACTIVITIES
Objectives and ain
Th¢ obj¢ctii'¢% ot ihc chariiy arc ihe advancemeni of the educaiion of the public, and in panicular bui not so as to limii Ihe
gcncraliry of Ihe foregoing. providing and mainiaining a h(}I for young persons under the age of cighicen.
strategi fijr achieving objeftives
The chariiy achiLVCS its objcciivcs by supporting ihe w4)rk of ihe Torah Temimah Priniary Schnol lan indepcDdcDi eniiiyl, a
Vi)luniary Aided %chaol ba%ed in Ihc London Borough 4)f Brcni. in particular by funding ihc rcligioui %iudy pr()vi%ion ol. Ihc
8chaol. The chariiy also make% vaTiOUS smaller graTris io oihcr trrtyJie.s with an educaiional objeciive.
The chariiy tundraiqes from ¢he local communiiy and beyond in order io be able io supp)n lis objcctiveq.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
Linds di>ndted ti) the Ti)rah Temimoh PrIry 8Lh(y)l and rclaicd cniillC% am(bunied ¢1) £641 ?.34 (2n? ].' £698.71 f l. Wilh a
hiiLkbiri)und i)I' Idllinbi inLI)me in real lem)%. all Gi)vemmeni funde¢J 4Lh(x)l% are finding their finanLial pi)%llii)n inLrcd%ingily
preLdri()us. The lru4iee4 1)f ¢he Lhdriiy Jrc deicrmined Ihai n() chil¢J %hiiuliJ 4u(fcr eduLaiiiindlly Ir()m the Lurrcni lundinb
Lri.%is. The Iru%iec%. dnd ihe y()luniecr% w(brking wilh thc LhJrity Jre w()rking hard i() en%urc ihal Ihc h[l)I Ldn Li)niinue i()
dclivcr an ()UlNliinding cduLali()n IÉ) Jll il% pupil%. D()nJiiibn¥ l() Ihe KhiK)l are u4ed i() e()ver %laff L()¥l% and i() ensure ihiil
teaLher number% do not have io be cui, as ihi% would have a negative effect on ihe education offered.
FINANCIAL REVIEW
Flnanci#l review #nd r£4er%'e¥ pollcy
T(Irah Temiml4 h Primary SLh(i(Il ha¥ a challenged financial ouiliK>k. Mosl of the parents are from mid socio-econoinic
b&ickgri)Iind. Thi% means that the Sch1 cannot take advantage of ihe many funding %tream% available f()r pupil% I'r()In In()rc
di%ddv&ini&lgcd backgroundN. In the 21-22 financial year. Ihe school had the lowest amount of pupil% on Pupil Preinium in
the B()T(iugh of Brent. Bcing a Sm1 school ol around 2(X) pupils iesuli.% in high overhead costs: Ihc rcallty of Ihc %ize of the
building that (here is no scope lo increiT* (he .size of ihe school. Government funding for schtx)Is ]% currently being
divcTled W&?y from London towards the more rural areis of the country.
The tru%tee% aim to keep £.fQ.O(Kl in reserve. ThLS level is set a5 a reasonable level in order to meet any unexpected Cost of
the School or other ch2& rities applying foT funding.
FUTURE PLANS
The Trii%teC% Wjsh to continue SUprting the Torah Tetniffloh Primary Sch] for future periods. It is recognised that
fiirther fundr2L ising will be necessary. and the trustees plan to approach Trusts. Foundations and individua15 to allow them to
fiirther the educational prospects of the children in the h0O1.
Page I
**Torah Temimoh Primary School**
## **Report of the Trustees for the Year Ended 31 August 2022**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document**
The charity is controlled by its governing document, a deed of trust dated 1st August 1990, and constitutes an unincorporated charity.
## **Method of appointment of trustees**
The management of the charity is the responsibility of the Trustees who are appointed by resolution of the existing trustee body. New trustees receive appropriate training based on a skills audit on appointment.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Registered Charity number**
1000146
## **Principal address**
11 Sinclair Grove London NW11 9JH
## **Trustees**
A Heller R Kaufman
## **Independent Examiner**
Frank Martin FCA 5 North End Road London NW11 7RJ
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
.......................................................................... A Heller - Trustee
Page 2
**Independent Examiner's Report to the Trustees of Torah Temimoh Primary School**
## **Independent examiner's report to the trustees of Torah Temimoh Primary School**
I report to the charity trustees on my examination of the accounts of Torah Temimoh Primary School (the Trust) for the year ended 31 August 2022.
## **Responsibilities and basis of report**
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the 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 material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
Frank Martin FCA 5 North End Road London NW11 7RJ
Date: .............................................
Page 3
**Torah Temimoh Primary School**
## **Statement of Financial Activities for the Year Ended 31 August 2022**
|||31.8.22|31.8.21|
|---|---|---|---|
|||Unrestricted||
|||fund|Total funds|
||Notes|£|£|
|**INCOME AND ENDOWMENTS FROM**||||
|Donations and legacies|2|558,974|870,925|
|Investment income|3|40|31|
|**Total**||559,014|870,956|
|**EXPENDITURE ON**||||
|Raising funds|4|-|8,621|
|**Charitable activities**|5|||
|Funds expended on the school||641,234|698,715|
|Donations paid||35,000|19,000|
|**Total**||676,234|726,336|
|**NET INCOME/(EXPENDITURE)**||(117,220)|144,620|
|**RECONCILIATION OF FUNDS**||||
|Total funds brought forward||300,052|155,432|
|**TOTAL FUNDS CARRIED FORWARD**||182,832|300,052|
The notes form part of these financial statements
Page 4
**Torah Temimoh Primary School**
## **Balance Sheet 31 August 2022**
|||31.8.22|31.8.21|
|---|---|---|---|
|||Unrestricted||
|||fund|Total funds|
||Notes|£|£|
|**CURRENT ASSETS**||||
|Cash at bank||182,832|300,052|
|**NET CURRENT ASSETS**||182,832|300,052|
|**TOTAL ASSETS LESS CURRENT**||||
|**LIABILITIES**||182,832|300,052|
|**NET ASSETS**||182,832|300,052|
|**FUNDS**|9|||
|Unrestricted funds||182,832|300,052|
|**TOTAL FUNDS**||182,832|300,052|
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. A Heller - Trustee
The notes form part of these financial statements
Page 5
**Torah Temimoh Primary School**
## **Cash Flow Statement for the Year Ended 31 August 2022**
|Notes
**Cash flows from operating activities**
Cash generated from operations
1
Net cash (used in)/provided by operating activities
**Change in cash and cash equivalents in the**
**reporting period**
**Cash and cash equivalents at the beginning**
**of the reporting period**
**Cash and cash equivalents at the end of the**
**reporting period**|31.8.22
£
(117,220)
(117,220)
(117,220)
300,052
182,832|31.8.21
£
144,620
144,620
144,620
155,432
300,052|
|---|---|---|
The notes form part of these financial statements
Page 6
**Torah Temimoh Primary School**
## **Notes to the Cash Flow Statement for the Year Ended 31 August 2022**
## **1. RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES**
|**Net (expenditure)/income for the reporting period (as per the Statement**
**of Financial Activities)**
**Adjustments for:**
**Net cash (used in)/provided by operations**|31.8.22
£
(117,220)
(117,220)|31.8.21
£
144,620
144,620|
|---|---|---|
**2. ANALYSIS OF CHANGES IN NET FUNDS**
||At 1/9/21|Cash flow|At 31/8/22|
|---|---|---|---|
||£|£|£|
|**Net cash**||||
|Cash at bank|300,052|(117,220)|182,832|
||300,052|(117,220)|182,832|
|**Total**|300,052|(117,220)|182,832|
The notes form part of these financial statements
Page 7
**Torah Temimoh Primary School**
**Notes to the Financial Statements for the Year Ended 31 August 2022**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charity, 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 Charities Act 2011. 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.
## **Taxation**
The charity is exempt from 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.
## **2. DONATIONS AND LEGACIES**
|Donations|31.8.22
£
558,974|31.8.21
£
870,925|
|---|---|---|
continued...
Page 8
**Torah Temimoh Primary School**
**Notes to the Financial Statements - continued for the Year Ended 31 August 2022**
|**3.**
**INVESTMENT INCOME**
31.8.22
£
Bank interest received
40
**4.**
**RAISING FUNDS**
**Raising donations and legacies**
31.8.22
£
Fundraising costs
-
**5.**
**CHARITABLE ACTIVITIES COSTS**
Grant
funding of
activities
Direct
(see note
Costs
6)
£
£
Funds expended on the school
641,234
-
Donations paid
-
35,000
641,234
35,000
**6.**
**GRANTS PAYABLE**
31.8.22
£
Donations paid
35,000
The total grants paid to institutions during the year amounted to £35,000 (2021: £19,000).
Total grants paid to institutions is comprised as follows:
Comet Charities Ltd
Yishaya Adler Memorial Fund||31.8.21
£
31
31.8.21
£
8,621
Totals
£
641,234
35,000
676,234
31.8.21
£
19,000
30,000
5,000
35,000|
|---|---|---|
||||
||||
continued...
Page 9
**Torah Temimoh Primary School Notes to the Financial Statements - continued for the Year Ended 31 August 2022**
## **7. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 August 2022 nor for the year ended 31 August 2021.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 August 2022 nor for the year ended 31 August 2021.
## **8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
||Unrestricted|
|---|---|
||fund|
||£|
|**INCOME AND ENDOWMENTS FROM**||
|Donations and legacies|870,925|
|Investment income|31|
|**Total**|870,956|
|**EXPENDITURE ON**||
|Raising funds|8,621|
|**Charitable activities**||
|Funds expended on the school|698,715|
|Donations paid|19,000|
|**Total**|726,336|
|**NET INCOME**|144,620|
|**RECONCILIATION OF FUNDS**||
|Total funds brought forward|155,432|
|**TOTAL FUNDS CARRIED FORWARD**|300,052|
continued...
Page 10
**Torah Temimoh Primary School**
**Notes to the Financial Statements - continued for the Year Ended 31 August 2022**
## **9. MOVEMENT IN FUNDS**
|**MOVEMENT IN FUNDS**||||
|---|---|---|---|
|||Net||
|||movement||
||At 1/9/21|in funds|At 31/8/22|
||£|£|£|
|**Unrestricted funds**||||
|General fund|300,052|(117,220)|182,832|
|**TOTAL FUNDS**|300,052|(117,220)|182,832|
|Net movement in funds, included in the above are as follows:||||
||Incoming|Resources|Movement|
||resources|expended|in funds|
||£|£|£|
|**Unrestricted funds**||||
|General fund|559,014|(676,234)|(117,220)|
|**TOTAL FUNDS**|559,014|(676,234)|(117,220)|
## **Comparatives for movement in funds**
|||Net||
|---|---|---|---|
|||movement||
||At 1/9/20|in funds|At 31/8/21|
||£|£|£|
|**Unrestricted funds**||||
|General fund|155,432|144,620|300,052|
|**TOTAL FUNDS**|155,432|144,620|300,052|
|Comparative net movement in funds, included|in the above are as follows:|||
||Incoming|Resources|Movement|
||resources|expended|in funds|
||£|£|£|
|**Unrestricted funds**||||
|General fund|870,956|(726,336)|144,620|
|**TOTAL FUNDS**|870,956|(726,336)|144,620|
continued...
Page 11
**Torah Temimoh Primary School**
**Notes to the Financial Statements - continued for the Year Ended 31 August 2022**
## **9. MOVEMENT IN FUNDS - continued**
A current year 12 months and prior year 12 months combined position is as follows:
|||Net||
|---|---|---|---|
|||movement||
||At 1/9/20|in funds|At 31/8/22|
||£|£|£|
|**Unrestricted funds**||||
|General fund|155,432|27,400|182,832|
|**TOTAL FUNDS**|155,432|27,400|182,832|
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|1,429,970|(1,402,570)|27,400|
|**TOTAL FUNDS**|1,429,970|(1,402,570)|27,400|
## **10. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 August 2022.
Page 12
**Torah Temimoh Primary School**
## **Detailed Statement of Financial Activities for the Year Ended 31 August 2022**
|**INCOME AND ENDOWMENTS**
**Donations and legacies**
Donations
**Investment income**
Bank interest received
**Total incoming resources**
**EXPENDITURE**
**Raising donations and legacies**
Fundraising costs
**Charitable activities**
Funds expended on the school
Grants to institutions
Total resources expended
**Net (expenditure)/income**|31.8.22
£
558,974
40
559,014
-
641,234
35,000
676,234
676,234
(117,220)|31.8.21
£
870,925
31|
|---|---|---|
|||870,956
8,621
698,715
19,000|
|||717,715|
|||726,336|
|||144,620|
This page does not form part of the statutory financial statements
Page 13