## **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