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