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2022-06-23-accounts

Charity registration number 1000728

HALACHA LEMOSHE TRUST

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 23 JUNE 2022

HALACHA LEMOSHE TRUST

LEGAL AND ADMINISTRATIVE INFORMATION

Trustee Mrs N Stein Charity number 1000728 Principal address 57 Boyne Avenue London NW4 2JL Independent examiner RDP Newmans LLP Lynwood House 373-375 Station Road Harrow Middlesex HA1 2AW

HALACHA LEMOSHE TRUST

CONTENTS

Page
Trustee' report 1 - 2
Statement of trustee' responsibilities 3
Independent examiner's report 4
Statement of financial activities 5
Balance sheet 6
Notes to the financial statements 7 - 9

HALACHA LEMOSHE TRUST

TRUSTEE' REPORT

FOR THE YEAR ENDED 23 JUNE 2022

The trustee presents the report and financial statements for the year ended 23 June 2022.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the trust's governing document, the Charities Act 2011 and "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

The trust's objects are the advancing of orthodox Jewish religion and of promoting the orthodox Jewish religion in general in any part of the world. In particular, the trust assists the Talmudical College known as "Halacha Lemoshe" and such other orthodox Jewish religious and educational institutions in Israel as the trustee may from time to time determine.

In this context the Trustee has complied with the duty in section 17 (5) of the 2011 Charities Act in giving due consideration to the Charity Commission's guidance on Public Benefit.

The trustee has paid due regard to guidance issued by the Charity Commission in deciding what activities the trust should undertake.

Achievements and performance

The results for the year are set out in the Statement of Financial Activities on page 5.

The charity was able to raise funds and transmit these for the benefit of advancing of orthodox Jewish religion and of promoting orthodox Jewish religion. All this was achieved through the hard work of a dedicated committee working in a purely voluntary capacity.

Financial review

The trustee considers the performance of the charity during the year to be satisfactory. Donations of £50,857 (2021: £58,152) were received during the year and grants totalling £44,000 (2021: £57,330) were made during the year.

It is the policy of the trust to remit all funds received less any direct governance costs directly to Halacha Lemoshe in Israel. As the charity does not have any indirect governance costs, it does not hold any significant funds.

In the year under review unrestricted fund balance increased to £4,183 (2021: £104). The trustee considers the fund balance to be adequate in view of very few overheads of the charity.

The trustee has assessed the major risks to which the trust is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

Plans for future periods

The Charity intends to continue their fundraising efforts in the coming years and as they have in the past proven to be successful, they have no plans to change them materially.

The Charity also intends to remit funds to Halacha Lemoshe and such other institutions in Israel to advance promote the orthodox Jewish religion.

HALACHA LEMOSHE TRUST

TRUSTEE' REPORT (CONTINUED) FOR THE YEAR ENDED 23 JUNE 2022

Structure, governance and management

The trust was established as an unincorporated charity by a charitable trust deed on 23 June 1989. The trust was registered with the Charity Commission as 'Halacha Lemoshe Trust' on 1 November 1990 (Registration no. 1000728). The principal address of the trust is 57 Boyne Avenue, London, NW4 2JL.

The trustee who served during the year and up to the date of signature of the financial statements were: Mrs N Stein

Appointment of trustees is governed by the Trust Deed of the charity. The Board of Trustees is authorised to appoint new Trustees to fill vacancies arising through resignation or death of an existing Trustee. Any new trustees are, upon appointment, fully briefed and trained by the existing committee and made aware of their responsibilities and duties.

The board of trustees is the governing body which administers the charity. All major decisions are made by the board who formulate policy and to decide on strategy.

Related parties

There were no disclosable related party transactions during the year (2021 - none).

The trustee' report was approved by the Board of Trustee.

Mrs N Stein Trustee

5 February 2023

HALACHA LEMOSHE TRUST

STATEMENT OF TRUSTEE' RESPONSIBILITIES

FOR THE YEAR ENDED 23 JUNE 2022

The trustee are responsible for preparing the Trustee' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales requires the trustee to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the trust and of the incoming resources and application of resources of the trust for that year.

In preparing these financial statements, the trustee are required to:

The trustee are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the trust and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the trust and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

HALACHA LEMOSHE TRUST

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEE OF HALACHA LEMOSHE TRUST

I report to the trustee on my examination of the financial statements of Halacha Lemoshe Trust (the trust) for the year ended 23 June 2022, which comprise the Statement of Financial Activities, the Balance Sheet and related notes.

This report is made solely to the charity’s trustee, as a body, in accordance with section 145 of the Charities Act 2011. My work has been undertaken so that I might state to the charity’s trustee those matters I am required to state to them in this report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity’s trustee as a body, for my work, for this report, or for the opinions I have formed.

Responsibilities and basis of report

As the trustee of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

An independent examination does not involve gathering all the evidence that would be required in an audit and consequently does not cover all the matters that an auditor considers in giving their opinion on the financial statements. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide. Consequently I express no opinion as to whether the financial statements present a ‘true and fair’ view and my report is limited to those specific matters set out in the independent examiner’s statement.

Independent examiner's statement

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:

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 financial statements to be reached.

David Finn FCA RDP Newmans LLP

Lynwood House 373-375 Station Road Harrow Middlesex HA1 2AW

Dated: 6 February 2023

HALACHA LEMOSHE TRUST

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 23 JUNE 2022

**Unrestricted ** Unrestricted
funds funds
2022 2021
Notes £ £
Income from:
Donations and legacies 3 50,857 58,152
Expenditure on:
Charitable activities 4 44,000 57,330
Other expenditure 7 2,778 1,049
Total expenditure 46,778 58,379
Net income/(expenditure) for the year/
Net movement in funds 4,079 (227)
Fund balances at 24 June 2021 104 331
Fund balances at 23 June 2022 4,183 104

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

HALACHA LEMOSHE TRUST

BALANCE SHEET

AS AT 23 JUNE 2022

2022
Notes
£
Current assets
Cash at bank and in hand
5,983
Creditors: amounts falling due within
one year
8
(1,800)
Net current assets
Income funds
Unrestricted funds		 2021
£
£
2,840
(2,736)
4,183
4,183
4,183		 £
104
104
104

The financial statements were approved by the Trustee on 5 February 2023

Mrs N Stein Trustee

HALACHA LEMOSHE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 23 JUNE 2022

1 Accounting policies

Charity information

Halacha Lemoshe Trust is an unincorporated charity registered in England and Wales. The principal address is 57 Boyne Avenue, London, NW4 2JL.

1.1 Accounting convention

The financial statements have been prepared in accordance with the trust's governing document, the Charities Act 2011 and "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)". The trust is a Public Benefit Entity as defined by FRS 102.

The trust has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.

The financial statements are prepared in sterling, which is the functional currency of the trust. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustee have a reasonable expectation that the trust has adequate resources to continue in operational existence for the foreseeable future. Thus the trustee continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustee in furtherance of their charitable objectives.

1.4 Income

Income is recognised when the trust receives it.

Cash donations are recognised on receipt. Other donations are recognised once the trust has been notified of the donation. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

1.5 Expenditure

Charitable activities include both the direct and support costs relating to these activities.

Other expenditure includes the costs of any legal advice to the trustees on governance or constitutional matters, and external accountancy costs.

Expenditure on charitable activities are those costs incurred in support of the charitable expenditure and have been allocated to the charitable activity.

HALACHA LEMOSHE TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 23 JUNE 2022

1 Accounting policies

(Continued)

1.6 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7 Funds

The charity's unrestricted funds are available for general use by the charity.

1.8 Non-cash donations

A substantial contribution to the activities of the charity is supplied in the form of voluntary services and donated facilities. The financial benefit of these non-cash donations have not been recognised in these accounts as by their nature it would be impractical to quantify in monetary terms.

2 Critical accounting estimates and judgements

In the application of the trust’s accounting policies, the trustee are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

In the view of the Trustee, there are no significant accounting estimates and judgements applied.

3 Donations and legacies

Unrestricted Unrestricted
funds funds
2022 2021
£ £
Donations and gifts 50,857 58,152

HALACHA LEMOSHE TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 23 JUNE 2022

4 Grants payable

2022 2021
£ £
Grants to institutions:
Halacha Lemoshe in Israel 44,000 57,330

5 Trustee

The trustee (or any persons connected with them) did not receive any remuneration or benefits during the year.

The trustee holds £100 on the trusts declared, in the declaration of the trust deed.

6 Employees

The average monthly number of employees during the year was:

2022 2021
Number Number
Total - -

There were no employees whose annual remuneration was more than £60,000.

7 Other expenditure

Unrestricted Unrestricted
funds funds
2022 2021
Financing costs 114 113
Accountancy 2,664 936
2,778 1,049
Creditors: amounts falling due within one year
2022 2021
£ £
Trade creditors - 1,800
Accruals and deferred income 1,800 936
1,800 2,736

8 Creditors: amounts falling due within one year

9 Related party transactions

There were no disclosable related party transactions during the year (2021 - none).