Noam Hatorah
Report
and
Financial
Statements
For The Year Ended
31 December 2023
Charity Number
1061650
Noam Hatorah
| Contents | |
|---|---|
| Page | |
| Legal and Administrative Information | 1 |
| Report of The Trustees | 2 to 3 |
| Statement Of Financial Activities | 4 |
| Balance Sheet | 5 |
| Notes forming part of the financial statements | 6 to 9 |
| Independent Examiner's Report | 10 |
Noam Hatorah
Trustees
Mr. Eyel Feffer Mr. Hersh Solomon Benjio Mr. David Miller Mrs. Sara Elyashar
Administration Address
38 Braydon Road London N16 6QB
Charity Number
1061650
Bankers
HSBC 160 Clapton Commom London E5 9AH
Accountants
C. Rosen & Co Unit 1 Halbert Mews 60a Knightland Road London E5 9HS
Page 1
Noam Hatorah
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
The Charity, constituted by trust deed, dated 1st February 1997, is a Registered Charity.
Charitable Objects
The Principal Objects of the Charity are a) The Advancement Of The Orthodox Jewish Religion
b) The Provision Of Orthodox Jewish Religious Education
c) The Relief Of Poverty Among Persons Of The Jewish Faith
The Charity has continued to provide these facilities during the year.
Directors / Trustees
The Trustees in office throughout the year were Mr. Eyel Feffer Mr. Hersh Solomon Benjio Mr. David Miller Mrs. Sara Elyashar
No trustee nor any person connected with them received any remuneration during the year.
Reserves Policy
The trustees retain reserves as necessary and where appropriate, consolidate funds in order to finance the operation of the Charity, and to make payments as appropriate.
Page 2
Noam Hatorah
Report of the Trustees
(Continued)
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.
Approved by The Trustees of Noam Hatorah on 6 August 2024, and signed on behalf of them all.
Mr. Eyel Feffer
Trustee
Page 3
Noam Hatorah
Statement Of Financial Activities
For The Year Ended 31 December 2023
| Notes | Unrestricted | Restricted | Restricted | 2023 | 2022 | 2022 | |
|---|---|---|---|---|---|---|---|
| Funds | Funds | Total Funds | Total Funds | ||||
| £ | £ | £ | £ | ||||
| INCOMING RESOURCES | |||||||
| Activities to further the Charity's Objects | |||||||
| Total of Rent Received | 2 | 25,080 | 0 | 25,080 | 0 | ||
| Rent Received | 2 | 0 | 0 | 0 | 4,420 | ||
| Interest Received | 3 | 0 | 0 | 0 | 0 | ||
| 25,080 | 0 | 25,080 | 4,420 | ||||
| Donations | 0 | 0 | 0 | ||||
| Total Incoming Resources | 25,080 | 0 | 25,080 | 4,420 | |||
| Charitable Expenditure | |||||||
| Cost of Activities In Furtherance | |||||||
| of the Charity's Objects | |||||||
| Total Cost of Furthering Objects | 4 | 12,960 | 0 | 12,960 | 14,842 | ||
| Governance Costs | 5 | 0 | 0 | 0 | 0 | ||
| Support Costs | 6 | 0 | 0 | 0 | 0 | ||
| Total Resources Expended | 9 | 12,960 | 0 | 12,960 | 14,842 | ||
| Net Movement In Funds | 12,120 | 0 | 12,120 | (10,422) | |||
| Total Funds at 31 December 2022 |
422,722 | 0 | 422,722 | 433,144 | |||
| Total Funds at 31 December 2023 |
£ 434,842 | £ | 0 | £ 434,842 | £ 422,722 |
Page 4
Noam Hatorah
| Noam Hatorah | |
|---|---|
| Balance Sheet at Notes 2023 £ Fixed Assets Tangible Assets 6 383,869 Current Assets Debtors 7 21,228 Cash at Bank and in Hand 29,745 50,973 Creditors :Amounts falling due within one year 8 0 Net Current Assets 50,973 Total Assets less Current Liabilities 434,842 Net Assets 9 434,842 Restricted Funds 10 0 Unrestricted Funds 11 434,842 Total Funds 9 £ 434,842 £ 31 December 2023 |
2022 £ 383,869 685 40,167 40,852 (1,999) 38,853 422,722 |
| 422,722 | |
| 0 422,722 |
|
| 422,722 |
Approved by the Trustees on 6 August 2024, and signed on behalf of them all.
Mr. Eyel Feffer Trustee
The notes on pages 6 to 9 form part of these accounts.
Page 5
Noam Hatorah
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
Resources expended are accounted for on an accruals basis. Certain expenditure is apportioned to cost categories based on estimated amount attributable to that activity in the year. These estimates are based on the time and level of activity as appropriate.
Governance 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. 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.
Tangible Fixed Assets
Depreciation is provided, after taking into account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life:
Fixtures and Fittings 25% on net book value
No depreciation is provided on freehold land.
| 2) Incoming Resources Donations Restricted Donations Unrestricted Donations Rent Received Total of Rent Received 3) Investment Income Interest Received |
2023 2022 £ £ 0 0 25,080 19,080 0 4,420 £ 25,080 £ 23,500 £ 0 £ 0 |
|---|---|
Page 6
Noam Hatorah
Notes To The Accounts - 31 December 2023
| 4) Analysis of Total Resources Expended Cost of Activities In Furtherance of the Charity's Objects Heat and Light Insurance Building 1,206 Motor 821 Minibus Refreshments Repairs Road Fund Licence Water Total Cost of Furthering Objects Governance Costs Cost of Generating Funds Functions Total For The Charity 5) Governance Costs Accountancy Bank Charges Depreciation |
2023 2022 £ £ 318 248 1,042 2,027 703 1,745 5,345 6,714 3,711 3,274 478 1,892 678 584 403 385 12,960 14,842 0 0 12,960 14,842 0 0 £ 12,960 £ 14,842 2023 2022 £ £ 0 0 0 0 0 0 £ 0 £ 0 |
|---|---|
Page 7
Noam Hatorah
Notes To The Accounts - 31 December 2023
| 6) Tangible Fixed Assets Depreciating Assets Fixtures and Fittings £ Cost or valuation At 202 Additions 0 At 202 Depreciation At 191 Charge for the year 0 At 191 Net book values £11 £11 Non-Depreciating Assets Land and Buildings Enhancement Expenditure Holy Scrolls 31 December 2023 30 December 2022 31 December 2022 31 December 2023 31 December 2022 31 December 2023 |
Total Alarm Sports Equipment £ £ £ 202 0 0 0 0 0 202 0 0 191 0 0 0 0 156 191 0 156 £11 £ 0 £ (156) £11 £ 0 £ 0 2023 2022 235,761 235,761 123,097 123,097 25,000 25,000 £ 383,858 £ 383,858 |
|---|---|
Depreciation is not provided on the Land and Buildings as
(a) the asset is freehold land which is considered to have an indefinitely long useful life and (b) the depreciation charge and accumulated depreciation are not material because the asset has a very long useful life.
| **7) ** | Debtors | 2023 | 2022 |
|---|---|---|---|
| Other Debtors | 21,228 | 685 | |
| £21,228 | £685 |
Page 8
Noam Hatorah
Notes To The Accounts - 31 December 2023
8) Creditors: Amounts falling due within one year
| Creditors: Amounts falling due within one year |
||
|---|---|---|
| 2023 £ Accruals Other Creditors |
2022 £ 0 230 0 1,769 £ 0 £ 1,999 |
|
| 1,999 |
9) Net Assets of The Charity's Funds
| Restricted Funds Unrestricted Funds Total Funds |
Fixed Assets Net Current Assets Fund Balances /(Liabilities) £ £ 170,957 0 170,957 212,912 50,973 263,885 £ 383,869 £ 50,973 £ 434,842 |
Fixed Assets Net Current Assets Fund Balances /(Liabilities) £ £ 170,957 0 170,957 212,912 50,973 263,885 £ 383,869 £ 50,973 £ 434,842 |
|---|---|---|
| 434,842 |
10) Restricted Funds : Movements In The Year
| Balance at | Balance | at | |||||||
|---|---|---|---|---|---|---|---|---|---|
| 31 December 2022 | Income | Expended | 31 December 2023 | ||||||
| £ | £ | £ | £ | ||||||
| Refurbishment | 0 | 0 | 0 | 0 | |||||
| Total Funds | £ 0 | £ | 0 | £ 0 | £ 0 | ||||
| **11) ** | Unrestricted Funds | : Movements In | The Year | ||||||
| Balance at | Balance | at | |||||||
| 31 December 2022 | Income | Expended | 31 December 2023 | ||||||
| £ | £ | £ | £ | ||||||
| General Reserve | 422,722 | 25,080 | 12,960 | 434,842 | |||||
| Total Funds | £ 422,722 | £ 25,080 | £ 12,960 | £ 434,842 |
Page 9
Independent Examiner's Reoprt to the Trustees on the Unaudited Accounts of the Charity Noam Hatorah For the Year Ended 31 December 2023
We report on the financial statements of Noam Hatorah for the year ended 31 December 2023 which comprise the Statement of Financial Activities, the Balance Sheet and the 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 6 August 2024
Independent Exmainer
C. Rosen & Co Unit 1 Halbert Mews 60a Knightland Road London E5 9HS
Page 10