Toiras Moishe Talmudical College (Collel and Yeshivo) Chasam Sofer Trust
Report and Financial Statements For The Year Ended 31 December 2023 Charity Number 1042314
Toiras Moishe Talmudical College (Collel and Yeshivo) Chasam Sofer Trust
| Contents | |
|---|---|
| Page | |
| Legal and Administrative Information | 1 |
| Report of The Trustees | 2 and 3 |
| Statement Of Financial Activities | 4 |
| Balance Sheet | 5 |
| Notes forming part of the financial statements | 6 to 8 |
| Accountants Report | 9 |
Toiras Moishe Talmudical College (Collel and Yeshivo) Chasam Sofer Trust
Trustees
Mr. Jacob Grunhut Mr. Abraham Grunhut Mrs. Chaya Fogel
Administration Address
Mr. Jacob Grunhut 71 Fairholt Road Stoke Newington London N16 5EW
Charity Number 1042314
Page 1
Toiras Moishe Talmudical College (Collel and Yeshivo) Chasam Sofer Trust Report of the Trustees
The Trustees present their annual report with accounts of the Charity for the Year Ended 31 December 2023.
Status and Administration
Toiras Moishe Talmudical College is constituted by trust deed, dated 1st December 1994 and is a Registered Charity.
Trustees
The Trustees in office throughout the year were: Mr. Jacob Grunhut Mr. Abraham Grunhut Mrs. Chaya Fogel
No trustee has any beneficial interest in the Charity and all gave their time voluntarily.
Objectives and Activities
Toiras Moishe Talmudical College was established to advance Talmudical Research of the wider Jewish Community.
The Charity supports the College financially.
The Charity usually makes Grants to other organisations and when it does so, the Trustees ensure that the recipient meets the Charity's objectives.
The Charity providesfood and refreshments for those in need.
Financial Review
Our principle sources of funding are via voluntary income (donations).
There are no restrictions on the Charity's Power to invest. The Trust Deed authorises the trustees to make and hold investments using the general funds of the Charity.
Page 2
Toiras Moishe Talmudical College (Collel and Yeshivo) Chasam Sofer Trust
Report of the Trustees
Risk Assessment
The Charity has identified and assessed the major risks to which it is exposed. whilst in the Charity's care as well as the finances of the Charity.
The Charity is satisfied that systems are in place and routinely assessed including procedures, and Financial and Management Controls.
Responsibilities of the Trustees
Charity Law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the Balance Sheet Date, and of its incoming resources, including income and expenditure for the financial year.
In preparing those financial statements, the Trustees should follow best practice and
a. Select suitable accounting policies and the apply them consistently.
b. Make judgements and estimates that are reasonable and prudent.
c. Follow applicable accounting standards and the Charities SORP 2015, disclosing and explaining any departures in the financial statements.
d. Prepare the financial statements on the going concern basis unless it is inappropriate to assume that the charity will continue in operation.
The Trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them as Trustees to ensure that the financial statements comply with the Charity Law.
The Trustees are also responsible for safeguarding the charity's assets and hence for taking reasonable steps for the prevention and detection of fraud and other regularities.
Board Of Trustees
The members of the Board Of Trustees are set out on Page 1.
Mr. Jacob Grunhut Trustee 18 October 2024
Page 3
Toiras Moishe Talmudical College (Collel and Yeshivo) Chasam Sofer Trust
Statement Of Financial Activities
For The Year Ended 31 December 2023
| Notes | Unrestricted | Restricted | Restricted | 2023 | 2022 | |
|---|---|---|---|---|---|---|
| Total | ||||||
| Funds | Funds | Total Funds | Funds | |||
| £ | £ | £ | £ | |||
| INCOMING RESOURCES | ||||||
| Activities to further the Charity's Objects | 2 | 128,360 | 0 | 128,360 | 149,751 | |
| Interest Income | 0 | 0 | 0 | 0 | ||
| Total Incoming Resources | 128,360 | 0 | 128,360 | 149,751 | ||
| Total Incoming Resources | 128,360 | 0 | 128,360 | 149,751 | ||
| RESOURCES EXPENDED | ||||||
| Cost of Generating Funds | 0 | 0 | 0 | 0 | ||
| Net Incoming Resources Available | ||||||
| For Charitable Application | 128,360 | 0 | 128,360 | 149,751 | ||
| Cost of Activities In Furtherance | 3 | |||||
| of the Charity's Objects | 137,431 | 0 | 137,431 | 141,245 | ||
| Governance Costs | 5 | 144 | 0 | 144 | 476 | |
| Total Charitable Expenditure | 137,575 | 0 | 137,575 | 141,721 | ||
| Total Resources Expended | 3 | 137,575 | 0 | 137,575 | 141,721 | |
| Net Movement In Funds | (9,215) | 0 | (9,215) | 8,030 | ||
| Transfer To / (From) Reserves | 0 | 0 | 0 | 0 | ||
| Net Reserves for the Year | (9,215) | 0 | (9,215) | 8,030 | ||
| Total Funds Brought Forward |
18,448 | 0 | 18,448 | 10,418 | ||
| Total Funds Carried Forward |
11 | £ 9,233 | £ | 0 | £ 9,233 | £ 18,448 |
Page 4
Toiras Moishe Talmudical College (Collel and Yeshivo) Chasam Sofer Trust
Balance Sheet at 31 December 2023
| Notes 2023 2022 £ £ Current Assets Debtors 8 0 0 Cash at Bank and in Hand 9,709 18,924 9,709 18,924 Creditors :Amounts falling due within one year 9 (476) (476) Net Current Assets 9,233 18,448 Total Assets less Current Liabilities 9,233 18,448 Net Assets 10 £ 9,233 £ 18,448 Restricted Funds 11 0 0 Unrestricted Funds 11 9,233 18,448 Total Funds £ 9,233 £ 18,448 |
Notes 2023 2022 £ £ Current Assets Debtors 8 0 0 Cash at Bank and in Hand 9,709 18,924 9,709 18,924 Creditors :Amounts falling due within one year 9 (476) (476) Net Current Assets 9,233 18,448 Total Assets less Current Liabilities 9,233 18,448 Net Assets 10 £ 9,233 £ 18,448 Restricted Funds 11 0 0 Unrestricted Funds 11 9,233 18,448 Total Funds £ 9,233 £ 18,448 |
Notes 2023 2022 £ £ Current Assets Debtors 8 0 0 Cash at Bank and in Hand 9,709 18,924 9,709 18,924 Creditors :Amounts falling due within one year 9 (476) (476) Net Current Assets 9,233 18,448 Total Assets less Current Liabilities 9,233 18,448 Net Assets 10 £ 9,233 £ 18,448 Restricted Funds 11 0 0 Unrestricted Funds 11 9,233 18,448 Total Funds £ 9,233 £ 18,448 |
|---|---|---|
| 18,924 (476) 18,448 |
||
| 18,448 | ||
| 18,448 | ||
| £ | 0 18,448 |
|
| 18,448 |
Approved by the Trustees on 18 October 2024, and signed on behalf of them all.
Mr. Jacob Grunhut Trustee
The notes on pages 6 to 8 form part of these accounts.
Page 5
Toiras Moishe Talmudical College (Collel and Yeshivo) Chasam Sofer Trust
Notes To The Accounts - 31 December 2023
1) Principal Accounting Policies
Basis of Accounting
The Accounts have been prepared under the historical cost convention in accordance with the Charities Act (Accounts and Reports) 2011, and the Financial Reporting Standard for Smaller Entities 102, and follow the recommendations in Accounting and Reporting By Charities: Statement of Recommended Practice (effective from April 2015).
Cash Flow
The accounts do not include a cash flow statement because the charity as a small reporting entity is exempt from the requirement to prepare such a statement.
Donations and Fund Accounting
Donations received for the general and main purposes of the Charity is included as unrestricted funds in the Statement of Financial Activities when receivable.
Donations and Grants for activities restricted by the donors are taken to restricted funds if the wishes and conditions of the donor are legally binding on the Trustees.
Resources Expended
Management and administration costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.
The irrecoverable element of VAT is included with the item of expense to which it relates.
| Unrestricted | Restricted | Total | ||||
|---|---|---|---|---|---|---|
| Funds | Funds | 2023 | 2022 | |||
| £ | £ | £ | £ | |||
| **2) ** | Incoming Funds | |||||
| Donations Received | 128,360 | 128,360 | 135,670 | |||
| Corona Grants | 0 | 0 | 0 | |||
| Rental Income | 0 | 0 | 14,081 | |||
| Total Income Generated | £ 128,360 | £ 0 | £ 128,360 | £ 149,751 |
Page 6
Toiras Moishe Talmudical College (Collel and Yeshivo) Chasam Sofer Trust
Notes To The Accounts - 31 December 2023
| Unrestricted Restricted 3) Analysis of Total Resources Expended Funds Funds Charitable Activities Cost of Activities In Furtherance of the Charity's Objects Charitable Activities Advertising 1,895 Cleaning 2,111 0 Clothing 4,798 0 Commission 0 Computer 0 Donations and Grants 32,836 0 Insurance 0 0 Pension 0 Printing and New Books 2,343 0 Refreshments 31,366 0 Rent 600 Repairs and Maintenance 2,483 0 Utilities: Gas and Electric 2,948 0 Utilities: Water 958 0 Wages and Salaries 53,538 0 Student Grants 0 0 Travel 1,555 0 Total 137,431 0 Total Cost of Activities In Furtherance of the Charity's Objects £ 137,431 £ 0 4) Cost of Generating Funds 5) Governance Costs Accountancy Bank Charges Telephone 6) Charitable Activities Taxation |
Total 2023 £ 1,895 2,111 4,798 0 0 32,836 0 0 2,343 31,366 600 2,483 2,948 958 53,538 0 1,555 137,431 £ 137,431 £ 0 0 144 £ 144 |
Total 2022 £ 596 511 3,748 1,500 250 14,936 853 234 0 20,762 0 3,740 6,615 610 63,598 22,562 730 141,245 £ 141,245 |
Total 2022 £ 596 511 3,748 1,500 250 14,936 853 234 0 20,762 0 3,740 6,615 610 63,598 22,562 730 141,245 £ 141,245 |
|---|---|---|---|
| £ 0 476 0 £ 476 |
|||
The Charity is exempt from taxation on its charitable activities.
| 7) | The average number of Employees during the year, on a full time equivalent | 2023 | 2022 |
|---|---|---|---|
| basis was | 9 | 9 |
No Employee was paid above £60,000 per year.
Page 7
Toiras Moishe Talmudical College (Collel and Yeshivo) Chasam Sofer Trust Notes To The Accounts - 31 December 2023
| **8) ** | Debtors | 2022 | 2022 | 2022 | |||
|---|---|---|---|---|---|---|---|
| £ | £ | ||||||
| Other Debtors | 0 | 0 | |||||
| Tax Refundable | 0 | 0 | |||||
| £ | 0 | £ 0 | |||||
| **9) ** | Creditors: Amounts falling due within one year | ||||||
| 2023 | 2021 | ||||||
| £ | £ | ||||||
| Accruals | 476 | 476 | |||||
| Other Creditors | 0 | 0 | |||||
| £ | 476 | £ | 476 |
10) Net Assets of The Charity's Funds
| Net | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Fixed | Current | Long Term | Fund | ||||||||
| Assets | Assets | Liabilities | Balances | ||||||||
| £ | £ | £ | £ | ||||||||
| Restricted Funds | 0 | 0 | 0 | 0 | |||||||
| Unrestricted Funds | 0 | 9,233 | 0 | 9,233 | |||||||
| Total Funds | £ | 0 | £ 9,233 | £ | 0 | £ | 9,233 | ||||
| 11) Unrestricted Funds | : Movements In | The Year | |||||||||
| Balance at | Transfer To | Balance at | |||||||||
| 31 December 2022 | Income | Expended | /(From) | 31 | December 2023 | ||||||
| £ | £ | £ | Reserves | £ | |||||||
| General Reserve 18,448 |
128,360 | 137,575 | 0 | 9,233 | |||||||
| Total Funds £ 18,448 |
£ 128,360 | £ 137,575 | £ | 0 | £ | 9,233 |
12) Related Party Transactions
No trustee nor any person connected with them received any remuneration, or claimed any expense, during the year, from this or any related Charity.
There were no Related Party Transactions in the Year.
Page 8
Independent Exmainer's Report to the Trustees on the Unaudited Accounts of the Charity Toiras Moishe Talmudical College (Collel and Yeshivo) Chasam Sofer Trust For the Year Ended 31 December 2023
We report on the financial statements of Toiras Moishe Talmudical College (Collel and Yeshivo) Chasam Sofer Trust for the Year Ended 31 December 2023 which comprise the Swhich comprise the Statement of Financial Activities, the Balance Sheet and related notes. These financial statements have been prepared, under the historical cost convention, and in accordance with the recommendations in Accounting and Reporting By Charities: Statement of Recommended Practice (Issued 2015), and the Financial Reporting Standard for Smaller Entities 102 (effective 2016), and the accounting policies set out therein.
Respective Responsibilities Of Trustees and Independent Exmainer
As described on page 3, the trustees of the charity are responsible for the preparation of the accounts, and they consider that the audit requirement of section 144 of the Charities Act 2011 (the Act) does not apply. It is our responsibility to state, on the basis of procedures specified in the General Directions given by the Charity Commissioners under section 144 of the Act, whether particular matters have come to our attention.
Basis of Independent Examiner's Report
Our examination was carried out in accordance with the General Directions given by the Charity Commissioners.
An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. These procedures provide only the assurance expressed in our opinion.
The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently we do not express an audit opinion on the view given by the accounts.
Opinion
In our opinion, no matter has come to our attention,
-
1) which gives us reasonable cause to believe that, in any material respect, the requirements a) to keep accounting records in accordance with section 130 of the Act; and
-
b) to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Act have not been met; or
-
2) to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Date 18 October 2024
Independent Exmainer
C Rosen
Page 9