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2023-03-31-accounts

Page
Trustees'
annual
report (incorporating		 the director's report)
Independent
auditor's		 report to the members
Statement
offinancial		 activities (including income and
expenditure
account)		 10
Statement
offinancial		 position
Statement ofcash flows 12
Notes to the financial statements 13

The trustees, The trustees, The trustees, who are who are also the directors
for		 the purposes the purposes of company law, present their report and the
financial statements of the charity for the year ended 31 March 2023.
Reference and administrative details
Registered charity name Talmud Torah Education Limited
Charity registration number 1037631
Company registration number 02766675
Principal office and registered 111Cazenove Road
office London
N16 6AX
The trustees
B.Berger
S.Cik
A. Frankel
Auditor Brindley Goldstein Limited
Chartered accountants & statutory auditor
103High Street
Waltham Cross
Herts
ENS 7AN

2023 2023 2022
Unrestricted
funds Total funds Total funds
Note 6 6 f
Income and endowments
Donations
and legacies		 5 3,142,854 3,142,854 2,964,501
Other income 6 411,172 411,172 404,697
Total income 3,554,026 3,554,026 3,369,198
Expenditure
Expenditure
on raising funds:
Costs ofother trading activities 7 97,386 97,386 76,719
Expenditure
on charitable		 activities 8,9 3,464,346 3,464,346 3,199,852
Total expenditure 3,561,732 3,561,732 3,276,571
Net (expenditure)/income and net movement in funds (7,706) (7,706) 92,627
Reconciliation
offunds
Total funds brought
forward		 486,039 486,039 393,412
Total funds carried forward 478,333 478,333 486,039

2023 2022
Note
Fixed assets
Tangible
fixed assets		 15 538382 403004
Current assets
Debtors
Cash at bank and in hand		 16 1,900
41,384		 1,900
191,785
43,284 193,685
Creditors: amounts falling due within one year 17 103,333 110,650
Net current liabiliTies (600,049) 83,035
Total assets less current liabilities 478,333 486,039
Net assets 478,333 486,039
Funds of the charity
Unrestricted
funds		 478,333 488,039
Total charity funds 20 478,333 486,039

Year ended 31 March 202 3
2023 2022
f r
Cash flows from operating activities
Net (expenditure)/income (7,706) 92,627
Adjustments
for:
Depreciation
oftangible
fixed assets		 82,366 75,190
Government
grant income		 (496,018) (29,417)
Accrued expenses 3,900
Changesin:
Trade and other debtors (1,900)
Trade and other creditors (11,217) 27,540
Cash generated
from operations		 (428,675) 164,040
Net cash (used in)/from
operating		 activities (428,675) 164,040
Cash flows from investing activities
Purchase oftangible assets (217,744) (179,222)
Net cash used
in investing		 activities (217,744) (179,222)
Cash flows from financing activities
Proceeds from borrowings (50,000)
Government
grant income		 496,018 29,417
Net cash from/(used
in) financing		 activities 496,018 (20,583)
Net decrease
in cash and
Cash and cash equivalents		 cash equivalents
at beginning
ofyear		 (150,401)
191,785		 (35,765)
227,550
Cash and cash equivalents at end of year 41,384 191,785

value, over the useful econom ic
life ofthat asset as		 follows:
Plant and machinery 15%reducing balance
Fixtures and fittings 15%reducing balance
Motor vehicles 25% reducing balance
Computer
Equipment		 33%reducing balance

Unrestricted Total Funds Unrestricted Total Funds
Funds 2023
f		 Funds 2022
Donations
Donations
Fees from nursery		 8 after-school club 603,547
2,043,289		 603,547
2,043,289		 311,347
2,623,737		 311,347
2,623,737
Grants
Government grant income 496,018 496,018 29,417 29,417
3,142,854 3,142,854 2,964,501 2,964,501
6. Other income
Unrestricted Total Funds Unrestricted Total Funds
Funds 2023 Funds 2022
K
Other income 411,172 411,172 404,697 404,697

Unrestricted Total Funds Unrestricted Total Funds
Funds 2023
f		 Funds 2022
f
Costs ofother trading activities 97,386 97,386 76,719 76,719
Expenditure on charitable activities by fund type
Unrestricted Total Funds Unrestricted Total Funds
Funds
f		 2023
f		 Funds
F		 2022
Charitable activities 2,427,003 2,427,003 2,121,339 2,121,339
Support costs 1,037,343 1,037,343 1,078,513 1,078,513
3,464,346 3,464,346 3,199,852 3,199,852
Expenditure on charitable activities by activity type
Activities
undertaken Support Total funds Total fund
directly
f.		 costs
f		 2023
f		 2022
f.
Charitable activities 2,427,003 1,029,843 3,456,846 3,173,051
Governance costs 7,500 7,500 26,801
2,427,003 1,037,343 3,464,346 3,199,852
Analysis of support costs
Analysis
of
support costs
activity
1
f		 Total 2023
f		 Total 2022
Staff costs 1,029,843 1,029,843 1,051,712
Net (expenditure)/income
Net (expenditure)/income is stated after charging/(crediting):
2023 2022
f f
Depreciation oftangible fixed assets 82,366 75,190
Operating lease rentals 1,148 823

2023 2022
f
Fees payable for the audit ofthe financial statements 7,500 26,800

15. There were no trustees' ex
Tangible fixed assets		 penses
paid for th		 e year ended 3 1 March 20 23.
Plant and Fixtures and Motor
machinery
f		 fittings vehicles
f		 Equipment Total
f
Cost
At 1 April 2022 109,891 717,407 40,953 22,899 891,150
Additions 12,517 197,994 7,233 217,744
At 31 March 2023 122,408 915,401 40,953 30,132 1,108,894
Depreciation
At 1 April 2022 91,898 349,771 32,038 14,439 488,146
Charge for the year 3,451 71,866 2,229 4,820 82,366
At 31 March 2023 95,349 421,637 34,267 19,259 570,512
Carrying
amount
At 31 March 2023 27,059 493,764 6,686 10,873 538,382
At 31 March 2022 17,993 367,636 8,915 8,460 403,004
16. Debtors
2023
f		 2022
f
1,900 1,900

Creditors: amounts
 falling due within one year
2023 2022
6 f
Trade creditors 79,760 99,759
Accruals and deferred income 7,500 3,600
Social security and other taxes 1,848 2,235
Loans 13,379
Other creditors 846 5,056
103,333 110,650

The amounts recognised
in the financi		 al statements
for governm		 ent
grants are as follo		 ws:
2023 2022
6 6
Recognised in income from donations and legacies:
Government grants income 496,018 29,417

Unrestri cted
funds
At
At 31 March 20
1 April 2022 Income
f		 Expenditure
F		 23
General funds 486,039 3,554,026 (3,561,732) 478,333
At
At 31 March 20
1 April 2021 Income Expenditure 22
L L' 6
General funds 393,412 3,369,198 (3,276,571) 486,039

21. Analysis of net a sse ts between
funds
Unrestricted Total Funds
Funds 2023
6
Tangible fixed assets 538,382 538,382
Current assets 43,284 43,284
Creditors less than 1 year (103,333) (103,333)
Net assets 478,333 478,333
Unrestricted Total Funds
Funds
f		 2022
f
Tangible fixed assets 403,004 403,004
Current assets 193,685 193,685
Creditors less than 1 year (110,650) (110,650)
Creditors greater than 1 year
Net assets 486,039 486,039
22. Analysis ofchanges in net debt
At
At 1 Apr 2022 Cash flows 31 Mar 2023
g 6
Cash at bank and in hand 191,785 (150,401) 41,384