Aish Hatorah UK IAmited (Limit¢d by guarantee) Cornpany nurnb 03413207 Charity 1069(M8 Trustee8' Report And FitLfjncial SIAtements For the year ended 31 De£ember 2023
Aish Hatorah UK Limited Contents Page Independent Auditor'8 Ifport Ststement of financial activities io li Ststanent of cash flows 12 Notss to the financid Ststements 13-21
Page I Aish Hatorah UK Limited IKgal and adminislrntive knfornalM)n A Steene (Chair) S Fine D Meshula A Mo8hal (resigned 6 May 2024) J Rashbass (resigned I September 2023) N Scbiff B Wigoder (apw)inled 3 July 2023) Key nianagement perlonnd Chief Executive N Schiff Prlndpal Addre88 and Rytered Office 379 Hendon Way NW4 3LP Details of Ineorporation The company was in¢orporated on l August 1997 in England under company ryi8tration 03413207, aod was registered with th¢ Clwity comm10n on 6 April 1998, with cbarlty nu 1069YM8. Auditors Goldwin8 Limit 75 Maygrnve Ro LAmdo National Westminster Bat)k PIC 21 Goldets Green Road NWI18EB
Page 2 Aish Hatorah UK Llmited Trustees, Report The tru8tee8, who are also direc of the Clwity for the purp( of the Compania4 Ac( submit their annual rq)ort and the financial statements of Aish Hat0 UK Limited (th¢ Company) for the yw ended 31 with cullrent stathtory requirem, the rcquiremenls of the COpanY'S goveming docwnalt and the provisions of the Stat¢m¢nt of li)mended Praclice (SORP) "knounting and Rqrtillg by Cl)arities- issued in 2015. IKgal and thinVe infornthtion Set out on page I forn part of this re Structure and Governante Aish Hatorab UK Limited is a con4)any limil¢d by guarane and regISttt as a ¢haritabl¢ compmy. The Charity's objects are Set out bek)w. Th¢ truste¢s. who a a180 the direcr8 for the purp of company law, and who 8erv&l thuxng the year were S Fine, D Grw D Me8bu1 A MosbaL J Raslkn N Schiff and A Srtee. None of the trustees have any Jewish FutsJre8 Tn Lirnitr the parent lpally. 18 the only menib¢r of the Company and guaTath to contribute £1 in ¢vent of a winding up. Key Management Pern)nd are Considered to be the Tn a1 the Chief EXtive as listed on Page l. The maDagcm3nt of the Chatity is th¢ wibility of the trwtees who are appointed under thc tern of the Articles of ASlatiO The nwnber of trustees shall Dot bc 8ubj.cct to aoy nwximum but SI1 not be le&s tban two. The appoiDtmeot and training of a new trustee is subject to the oversight of Lxrnt tru8tees. R¢cwitni¢nt of trustKS 18 mad¢ via r¢wmmendation and appointment through a njorIty vote of the exiskng Trustee& New Tru8tee8 are given a fonnal induction and encouwed to see the Clwity'8 WO at first hand. There are no specific restrictions iADpo8ed by the governiDg the way the CharAty Can Charity'• Objectivtt and Aetiviti The awAty aims lo reach out to yOUQ8 Jewish pwple in the UK in order to the wi8dom, depth and beauty of their11th8e accessible. and thus to helppromote a vibtant luTe for the British J¢wi8h community. Over the past few years the educational remi¢ bas Widen allow for a broader spe¢trum of the comniwiity to benefit from the educational cxperti8e and experience of the CbarAty. The core of the edu¢atioDal philo)hY is to share with young people a sense of mornl re8ponsibi]ity al cthical values that insbl a 8¢n8e of pri& in Jewish heritage as well as Wight citiShIp ill wider society. The Charity 8eek8 to achieve this objective through regular educationaL Social and r¢ElOuS events xTo88 the UL with ov¢r8¢as educational programmes in the 8umJner and at other key wfrints in the year. All activity contioues to be fo0ed for the befit of young people in the UL Aehlevements and Perfonnance The Ma1 specific achievements of the Clwity An the year under wiew. included: . 2.8(K) educatiollai sessions that attracted close to 6.(M)O unAque participants and over 4.(M)O,O(K) vi¢w8 of UK.wid¢ educational and Social tiVitie4 both online and offlin4 with of progTamm¢ participants at 23 w)iversity campll and 20 schools nationwAde" Runningp twenty eight intenOal trAPS for SthooJ4 University students ajjd Young Professionals"
Pw3 Tnthte' Reffi (eonlinued) Achievements and Perfonnane4 continued Provided slbat and Festiv hospitslity for 3,854 iThlividuals . Ran regular ethication progra0 in Hend0 Hatnpstea4 and Manchester. sold out 80cial The ChaTity rais £2,855532 (2022: £2.747.984) of (bnated inconw. patticipant conlnl)utions of £392.407 (2022: £245.721) and recei1 goveTnment grants grants for slaff employm¢nt of £nil (2022 . £1,882). It invasted £3.552.437 in charitable activAties (2022: £2.835,479). tivitxes. respect1. opeffj honest aDd aOUnble to our supporters. bave expre&sed inteK8t in our work W¢ do Dot engage in fimdtaising activities lik¢ mass nlI]ngS or door. l(Trdoor campaign4 but focus on campaigns that tatgel th0 who have previously w]ga8ed with or supw)rted th¢ Charity. The CbarAty has a small fimdralw team composed of the Chief Executive. a Fundraiser, and an Administrator. The Trste¢S provi(k ovmsigbt of fundraiw strategy and delivery. The Fundrwing Team receive regular trainin8 and guidance and aim to adIc to metho(L8 of best prncti8e including thc Futhi Theze have been no complaints about fith181 actAvitie8 reported in the year to 31 December 2023. or 8ub8equently. The Clwity is a signatory of the FundrnisiDg Regulator's Code of FUndrAng Practice. This Code w a8tablished io 2016 with an aim of setting and nltAInIng the standards for clwTitsble fi]ndrw8in8 wljile en8uring that fundAllg is resp opa4 honL41 nnd accountabk to the public. All the Charitys lilluthwing activities will DOW compty with the Fwidraising Code and th¢ Clwity has arnl kn adhere to the Code's requirment on handling any bzeaches of the Code or complaints alx)ut the Charity's fundraising The Charity InCuTh a deficit in the year £479,060 (2022 surplus £13,848). AS at 31 Decembtt 2023 the CIMrity had net reserves of £175.767 (2022: £654.827). The Clwity had Free Reserves (its assets le88 current liAbilities) a5 at 3 l December 2023 of £123.507 (2022: £(KJ2.567). student.level Pro participauts aDd alumiu to a of philanthropists who partner with our Chatity and encouwe our activities.
PagL 4 Trnstee8' Report (eonliDued) of the imporknce of our wk to thc wider audienrx of our wportffj. Th¢ CharAty is seeknng to irnpmve its fundrai capabi]ities a4 at presenL the ]arge majority of the fi]ndraising reswn&bility still remains with th¢ Chi¢f ExecutivL. The ChaTity is s¢¢king to ensure that this responsibility is more bmadly slw¢d and . exploring Imv b&8t to opiimi8¢ its fidraiSing activitie& All of the Charity's cxpenditure is fUsed on creating and delivering a wide rnige of Successfi high-quality education cours¢s and popular. impactfid activAti¢s that deliver its stated clwitable objectives. Key Ri* and Uncertalnti in place to mitigate poSUre to the nMjoT rlsks. A reduc in donor base could cause cash flow i&wes" any delayed rerKipt of pledged donations income could 0180 Potentially cause cath flow i&8u¢8. The major risks facing the Clwity are reviLved regularly at umgcment meetings. Regular r¢vi¢ws of cash flow prL)jectioDs and budget forecasts arc also und¢rta as well as a continual thive to manage expenth"ture. u11 2020 the Charity operated with a low level of raserves for nwiy yeats and managfyl its activitie8 on this b&814 wntrolling its costs to the level that is financ1¢ fivm its annual income. DurAng 2020 the Charity was able to establish Free Re8¢ry in eXL of £5(M).(M)O (rq)resenting c108e to 3 months worth of general cA>sts). which is a target that the Trnstees were aiming to reach. During 2023 the level of Free Reserves f¢ll below the target value &8 the Chartty devoted resources for its tharitabl¢ activitie4 and will b¢ aijning . futh years to re-estsblisb a re8erve level of 3 months of geo¢rai costs. Pay plicy for key maDagemeDt per8ollDel Pay and remuneration of key managemcnt Peonnel is deterned by a variety of Contributory factors, including the siz¢ of the clty and the level of experience of tbe staff member. In addition to thi4 levels of pay nY b¢ affected by thc ability to recruit key nL2nagement peN>nnel and trtain them in pK)sL which all coincid¢8 with the Charity's appointment and pay policie& All amenthnents to key management's pay and
Page 5 Tntee8. Report (continued) Publle Benellt The InteeS acknowledge the duty in Section 17 of the CIwiti Act 2011 to have regard to the Charity commion'8 publis1d general and relevant SulFtOr guidwce on public benefiL All activilies undeth by th¢ Charity aTe for the ythlic befiL With a focus on pmviding educatio the Cbarity's Opcrntion is very much geared to provAding benefit to the Jewith and wider 0)mllty a8 is higbh"ghted by the activities rqK)rted h¢TeiTr The core of the educational philosophy is to shar¢ with young people a s¢nse of moral r¢8ponstr)ility and ethical values that ]til a s¢nse of pride in Jewish heritage as well as upright citizenslllp in wider s(Kiety. This will continue to be exntral to future plans. Plans for the Future The nmio activities intentsl to be by the CharAty will continue to be the provision of regular edu¢ationaL sla1 and Teligious events across the UK a1 with overseas ethatIonal progra¢& If fund4 Statement of Tnth, Rwollslbllllles The thee8 are respoL8ible for prq)arAng the Tnrts. Report and the fllwicial statements in accordan¢¢ with applicable law and regulations. Company law requin the Intstees to prepare financial statements for each financial year in cOrdanCe with United Kingdom GeneTrUy Accepted ArKounting Practice (Unitcd Kingdom Accounting Standallts) aDd applicable law. Under compw law the tsustK8 must not approve the finla1 81atements Unless they are satisfied that they give a true and fair view of the state of affairs of the Charity and of the net Inco re8erve8 for that perAo(L 8¢1w¢ SUAtsble auting po]icie8 and then apply them consistly. mak¢ judg¢m¢nts and estimates that are reasonable and pnthn state whether applicabl¢ accounting $LdardS bavebeeu followe4 subject to any dep1 disclosed and explaitied in the fllwcial 81at¢m¢n the cIlty will continue to opeIate. The ttustces are re4)onsible for keeping ad¢quat¢ acwunting rewrth that arc sufficient to show and explain th¢ Clwity's traLwtions and disclose wAth r¢asothl¢ aGcuracy at any time the financial wsition of the Charity and enable them to ensure that the financial statements comply with the Companies Act 21X)6. They r also reSPODsiI)l¢ for safrguarding the a&gets of the Charity and hence for taking rc&8onable sty for the prevention and detection of fraud and other iegUlaTiti.
Ailb Hatorab UK Umittd Trnstea, Report (contknued) ststernent of Trusteesl Respon?•111 ntinued iocluded on the CIwity'5 website. lfar as eath of the ofthc Charity at the da of ao¥al ofthis is aware thett 15 no ]evt of which the Charity's auditor is unawate. Ettcb truske ha8 takn all ofthe steps that he shoutd bave taken aq a tnts in order lo make hinwjf awarc of any rekvant audit InfOn and to cstablisb that the Charity's audKiors are aware of that infonDatio sectiw 415A ofthe Compfjnie5 Act 2006. Audlto Goldwins Lirnited exprtss&l a williD8Dess to be atwinted auditors. A r¢lUtIOn to appolntthem will be This bccn approv¢d by th¢ trustees on zscpt¢mb¢r 2024 and sipd on their bohelfby.
Page 7 Aish Hatorab UK Limited Independent Allditor's Report lo the Members of Aish Hatorah UK Ltd Opillion We have alld1t the financial statements of Aish Hatorah UK Ltd for the year ended 31 Decemtstr 2023 which COmPTise the StateDrt of FinaDGial ActivAti&% Balance Sbeel Statement of Cash Flows and IAOtes to been applied in their prepatation is applicable law and United Kingdom Accounting Standard4 incluthng Financial Rewrting Standard 102 The Financial Reporting Standard applicabk in the UK and RUb]i¢ of Ireland (United Kingdom Generally Accepted ACcoun1g Practice). In ow opinion the financial statements". give a true and fairview of the sta of the clwitablc company's affairs as at 31 December 2023 and of its incon)ing resourccs and application of resourcffj Ancluding its Incon and exFnditure for the Practice. and bave been pTwrd in accordance with the requirnents of the Companies Act 2(I16. Ba818 for opinioD We conducted our audit in accordance with International Standard8 on Auditing (UK) USAS (UK)) and applicable law. Our respoD8ll)ilities und¢r Slandanls ate further d¢scnbed in the Audilor's respoosibilities for the audit of the financial Slatements section of ow rwrL W¢ are indepetht of thc clAtable company in accordan with the ethical requIremts that aTe relevant to our audit of the financial statements in the UK, including th¢ FRC'8 Ethical Standar4 and we have fifilled our other ethical responsillItieS in aOrdanCe with these requirements. We believc that the audit ¢VAdence we have obtained sufficient and appropriate to provide u h¢14iS for our opinion. Collduslons relating to going concern In auditinE thL' financial 8tatCnts. we bave concluded the truste¢s' u8¢ of the going concern basis of accounting in the preparation of the fJDancial ststements is apprwte. Ba8&1 on the WO we have performe4 we bave not identifia any nthterial unceTthti¢s relating to events or Conditio$ thaL individually or colltiVelY. may casl significant doubt on the charitsble compan8 ability to ¢onlin a going Coll for a EKriod of at Iwt twelve molltLs from when the financial statements a authorised for issue. Our res and the re8pn&l)i]ities of the trustees with re8pe¢t to going concern are d¢s1bed in the levant wtioDS of this reporL Other infomAtion The truste&4 are re8PODsible for the other infornthtion contained within the annual reporL The oth infornmtion comprises the infOrnLI0n includ1 in the annual reporl other than the financial ststements and our auditor's report ther¢on. Our opiuion on the finaucial statements does not cover the other infOrnli0Th a0 ex• to the extent otheThvise rxplicitly stated in our rewii we do not expre&8 any IOTM of 8&8UT Our respo$17>1]1ty is to read the other infonnation an41 in doing so, consid¢r wh¢th¢r the other ]nfornlOn i8 n*[1Y inconsistent with the financial statements or our knowledge obtained in the audit or otheTWi8e statements then1ve8. If, based on the wrt we have pufornled we conclude that there is a materi i&statement of tbis other infotrnatio we are Tequired to rq that facL We have nothing to report in this regar
Page 8 Aisb Hatorah UK Iimited Independent Auditor's Report to the Menibers of Alsh Hatorah UK Ltd (continued) Oplnlons on other rnatteT8 prescribed by the Companies Act 21K16 In our opinion b&sed on the wrt undert&en in the course of our audit th¢ inforn)ation given in the trllses' rep)TL which includes the directh. report pryared for the putwses of company law. for the rUwla1 year for which the finla1 statements aTe Prepared is applicabl¢ legal requirnents. Matters on which we are required to report by CeptIOn In light of the knowledge and understanding of the ¢harilable company and its enviTonment obtained in the course of the audiL we have not identified Materi misstatements in the directors, report included within the We bave nothing to rq)ort in respect of the followAng tter8 in relation to which the CompanAes Acl 2LXI6 requires us to rewt to you if, ill OUT Opinio adequate a¢¢ounting rewrds bav¢ Dot been kepL or certain disclosu of Intees, remuneration 8pe¢ififya by law are not made: or we have not recxivcd all the inforADation and explanatiODS we requi for our audit or Respon8ibilitie8 of tru8tee8 A8 explaiti more fully in the tswtrts. respon8ibilities statement set out on pa8es 5 and 6. the ttee8 (who ar¢ also dirt0[8 of the clwitable company for the pUqm of company law) are rwnS1le for the pieparation of the financial statements and for beg satisfied that they give a true and fair view. and for inrnal control as the trustees deterniine is necessary to enable the preparation of financial statements that prepari the fioancial Statementy the trustees are responsible for assessing the chaTitable company's abAlity ¢0 continue as a going Con disclosing. as applAcable, mattets lated to going concern and using the going concern basis of accounting unle88 the tru8tees either intend to liquidate the Glwitable company or to cewe oEKrntion8. OT have no realislic alt¢rnativ¢ but to do 80. Audltor'i responslbilldes for the alldlt of the financfial Ilatements Our objeclives are to obtsin reJsoDable a&sww¢ alt whether the financial 8tstements as a whole 8tc frce from nter1 mtatemen( whether due to fraud or em)r. and to i&sue an auditor's rqrt that includ&8 our Opinio Re&sonable is a high level of &%8urance. but is not a guaTanttt that an audit conducted in acKordanc¢ witb ISAS IUK) will always d¢*ct a Dterial misststanent whcn it exists.
Page 9 Independent Auditor's Report to the Members of Aish Hatorah UK Ltd (coDthiued) Itregularities. including frau( are Instan of non-compliance with laws al regu]ation& We design procedures in line with our reSpObIlItiffj oU1n¢d above, to detect Mala1 n)i&8tatements in respect of irngulariiies. including frau(t The extenl to which pryKdures are capable of detecting irregulaTities. We obtsined an under• of the legal and regulatory frameworks within which the compally operate focusi on those laws and regulations that have & direct effect on thL detennItioll of materlal amounts and di8closures in thL financial statements. The laws and regulations we considered in this context were the Charities SORP (FRS102) 2019 and Compani¢s Act 2tM)6, We Identified the grcatest risk of impact on the financial Statements from iegular1tie including frau to be the override of controls by management and the recognition of inrA)me. Our audit proced to reqd to these risks inChed enquiri&g of manageent about their own identification and &ssessment of the li8k8 of irregukntie8. sampl¢ testing on the poskng of journals. sample testing on income recogniz¢d in the Owing to the An1¢ limitstions of an audiL there is an Unavoidable risk tbat we may not ha detected Some material mi&8tstements in the finaDcial statements. even though we have properly pknned and perfornied o audit in arKordan¢¢' with auditAng standards. We are not respO]e for preventing non.compliance a1 ¢aDnot be expcGted to detect non-compliance with all laws and regulations. These inher¢nt ]imitations are particularly significant in the c&8e of misstatement resulting from a8 this may involve sophAsticated schemes designed to avoAd delection. including delib¢rat¢ failur¢ to record transaction4 collusion or the provision of intentional misrcpresentations. A fiuther description of our resEx)nstt)ilities for the audit of the financial statements is located on tbe Financial Rcporting Council's wcbsite aL" www. .or res . Thi8 de8cfiption fornL8 part of our auditor's reporL Uoe of our report This report is made solcly to the charitable company's a8 a body. in aCnI8C with Chapter 3 of Part 16 of the Companies Act 2006. Our audil work been undertaken so that we might stste to the clwitable ¢ompany's members those matters we are required to state to them in an auditor's report and f no other purp)8e. To the fullest cxtent permitted by law. we do not accept or a&8ume rvJpon8ibility to anyone other than the charitable LYmip8ny and the charitable company's menkn as a body, for our audit wort for thi8 repor¢ or for the opinions wc have li)nne(L Anthony Epto Lior Stathtory Auditor) for and on behalf of Goldwfiny Llmited Statutory Auditor Chartered Accountants West Hampstead ndoD IYW6 2EG t2 SyE£dAr &fyLI
Page 10 Aisb Hatorah UK IJmited ststement of FfinaneiAI Aetivities (Indudillg Income and Ewnditure Account) for the Ye ellded 31 December 20L Notc 2023 2022 Income from: I)onation8 and legacies 2.855J32 2.747.984 Charitable a¢tiWi4s." 392,407 245.721 1,882 Total Ineome 3,247,939 2.995587 Expemditure on: Ralslngfunds.. 174,562 146260 Ewendithre on charitable tilI.. CharAlable activities 3.552.437 2,835,479 Total expenditur¢ 3,726,999 2,981.739 Iyet {expendltllreylKoD for the year (479.060) 13.848 Re¢on¢lll*tion of f•nds: Total funds br•t forward TotAI earrie41 forward 175,767 654,827 Tr Stat¢ment of Financial Adxvities inchth all gains and lo&qes recognised in the year. All income and cxpendilure derives from cA)nlinuing activilies. The notes on pa 13 to 21 forni part of these accou.
Page 11 Ath Hatorah UK Lijnited Company number 03413207 Balance Sheet A# at 31 December 2023 Noie 21123 21 10 52260 522(AJ 522fll C•rrent A*ets 205.984 243.105 Casb at bonk afyl in ha1 3 15.620 708J99 12 03 Net cDrr¢mt ugets 123,507 602,567 Totsl asxts ksy eurrtnt U•billtl 175,767 654.827 Net aJMts 175.767 654,827 Fundi 14 175.767 654.K27 Total l75.767 654.827 8¥bit to the small companies regime within P•rt 15 of the Comp1¢$ Ac¢20LkS. kn- Thc not¢s on paga 13 to 21 forni FArt 0fth accounts.
Page 12 Aish Hatorah UK Limited Statement of Cash Flows As at 31 December 2023 2023 2022 Cash flows from operaling etsle4. (479.060) 37.121 13,848 (106592) 89 39 Net ch providedl(con8umed)by operating aeliviti (352.727) (149.083) Cash IIow8 from fiDaDcing actlvldes Bank overdraft and eAt card8 advan¢eeJ(repaynMIts) Repayment of loan8 (3.131) 7.947 Net ea8h provided byl{opent on) fllwieing *eliviti Chang¢ iti c&qh and cash equivalents io th¢ y¢ar Cash aDd casb equivalents at the beginning of the ye4r (355.858) (141.136) Totsl cash and equlvalents Al the end of the year 109,636 465,494
Page 13 Nots8 to the A¢counts- 31 Detember 2023 Cojnpany information The principal activity of Aisb Hatorah UK Limit is the advancement of Jewish education and culture. The Company is Tegisteted as a ¢lwilable CoMpY limited by guarantee (company nwnber. 03413207. clwity numlv 1069048). It is InrTated and domiciled in the UK. The of the registernl offiL% is 379 Hen(kn Way, LA>ndon NW4 3LP. AccouDting Polleles Ba818 of Accowillng The financial statements have been prepared under the historical ci)8t convention and in accordance with the Ststem¢nt of RecOnded Practic4 A¢¢ounting and Reporting by Cbarities (SORP 2015), applicable UK accounling standards in¢luding the Financial RepOg Slandard applicable in the UK and Republic of Ireland (FRS 102). a1 the Companies Act 2006. Th¢ Company meAs the definition ofa public bcnefit entity FRS 102. Assets and liabiliti¢8 are initially ¢0]5cd at histori cost or Iransaction value unle38 Other stated in the relevant a¢ntIng policy note& The Pri1paI accounting policies adop*d in the preparation of the fula1 statements are a8 follows: Goijjg Concern The Charity generated a deficit of £479,060 (2022: £I3.848 surph]8). WAth net reserve8 at 31 December 2023 of £175,767 (2022: £654.827). During the currfflt year. from l January 2024. the tnJ8tee8 are expeding to generate a modest For th¢8¢ f¢&8oD8, the tru8tee8 cowider tbat there ar¢ no materlal wltieS abLwt the Charity's ability to )n1)n¢ as a goiDg concan and have reasonable expe¢tstion8 that the Charity has adcqualc re8Ou to continue its tivitieS for the foreseeable future. AcrdinglY they continue to adopt the going basis of acCoting in pIng thc Incorne All Incomi Tesource8 are induded on the SialeiT)ent ofFiDaDCi81 Activities en the CharAty is legally entitled to the incoDK and the amoullt can be quantifled with LOnable accuracy.
Page 14 Atsh Hatornb UK Lthted Notes to the Aw)unts- 31 December 2023 Ae¢ounting Poliaej (contiDued) Expenditure Clwilabk activiiiGg itdude expenditure &lated with the delivy of its actiVAties and Supwrt costs include offirx rentsL residential Tcntal for Rabbi& travel sts and pmfe8SiC estimate of the proportion of time and re80um coDsumeJl by each of th¢ key activities of the liablllty Reeopition Liabilities lire recognis as soon as th¢re is a legal or constructive objigation conunitting the awAty to the expenditu. Tangible Fi1 A8sets TaDg fixed &ts are stated at co& le88 depreciation. D¢Wlation is provided at rate8 calculated to writ¢ off the sts of fix a&8ets. kss their e8timat¢d residual value. over their expe¢¢ed usefid Jive8 on the following ba8es: - Over the lelln of the lea8C . 25Q/o reducing balance . 250/0 red]ng balanceJ33•/0 straight lin¢ - 250/0 reducing balance Plant and equipment Fixtsrn and fittings Motor vehicle8 Additions to tangible fixed of less than £3,(X)O are treated as an expeD Herftsge Amets Aish Hatorah UK Limited own8 reglou8 scrolls. These a&gets are unlarnisbed and used to further the Charity's objectives. They are reflthd as heTitage assets and are inchthd in the Bala Sh¢¢t at cosL Their ¢arying amounts are reviewed where evidence of impaiiinent exists and Ced where an inipairment 18 deemed to have incUff. In accordanrK with FRS102, depreciation is not prOVAd on IKrithge assets as they are written off in the year incurred. IL Translation of Foreign Currende8 at rates of exch8nge nding &t the balan¢¢ theet dat¢. the transactio
Pag¢ 15 Aisb H2torah UK lted Notes to the Accounts- 31 Decemljer 2023 Accounilng Policies (eonthiued) Rentals ullder operating leas are charged to the Statement of Financial Activities on a straight line basis over the lease terni. Benefits received and receivable ag an inccntive to sign an operating le are recogni on a straight line b&sis over the p11 until th¢ date the rent is ¢xp¢cl ¢0 adjusted Th¢ Charity ho8 0Y a88¢ts and financial liabihtie8 ofa kind thatqualify as b&8ic financial initially recognis&l at transaction value and subsequeDtly nieasuTed at fair value. Note 18 pmide8 more InforntiOn on financial instruments where cash flows are anti¢ipateiL with financial a&8ets referring to deblor balances excluding prepaynients, and finla1 liabilities referring to all creditor balances ¢x¢ludiDg deferfftl income a1 other inxdiion and social security. Government Grants Grants are accounted for underthe perfornwicemodel aspemiitt&lby the charity SORP. Coronavin Job Retention Scheme and Kick Start gTant was therefore re¢ogni8ed on a straigbt line ba818 over the furlough peri for eacb relevant employee . Key Judgements and E8thnate8 In the application of the Charity's aCcoUg policie4 which are de8¢nThed in note 2. tsw8tee8 are required to mak¢ judgem¢nts, ¢stimatC8 and a88umptioDS aEM)Ut the carrying values of a88ets and ]iabilities that are not readily apparent from other sourc¢8. The e8timate8 and underlying assumptions are b&8ed on historical estimates are recognisfya in the p10d in which the estimate is Tevised if the revision affects only that period or in the period of the revision and future periods if the revision atTeLts the cutrent and fU1u period& The trustees cOlder thal the are no material judgements in applying accountiDg policies or key sour5 of estimation uncertainty. Income 2023 2023 Donations and kgacic8 Fundtai8ing Tclethon 2.170.(K)6 685 526 1.980,641 767 Totsl Incon from donations and legacies 2.855.532 2.747.984 Incomefrn ehaiytable tlIvIti&v.. Trip and event participaut payments 392.407 245,721 other income Kick Start Job CT¢ations Gwts 1.882 1.882 AJI Income in 2022 and 2023 is unrestrAct&l
Pag¢ 16 Aish Hatorah UK Limiled Notes to the Atcowits- 31 December 2DII 2023 2022 Donor lati1)ll5 'relethon event Travel and aCcn)non Staff ¢08ts Support costs 33J85 27.523 11979 75.724 13.815 28,558 6,830 75J75 174562 146260 6 An*858 of expendlture on eharitAble Activities Basis of allocatioD Clwitsblc activiti Support costs 2022 Totsi 2023 Totsl Staff costs Programme & trip cxpcndituzc Direct Generiil c)ffice Dirext Audit ftts (Governancc Costs) Direct 622,099 1,861.509 340.902 963,1 1,861,509 715507 937.829 1289,710 597.830 li 715.51YI 55 43 Supwrt rAJsts 3 552 437 552 437 2 835 479 ( AU unrc5tricted adiviti¢s)
Page 17 Aish Hatorab Limlted Notes to the Accounts- 31 Dttenber 21)23 Net {expenditure)fincome for the year 2023 2022 AudIrS. remuneration - audit fees 7,OlJ) 10.110 Analysis of Staff eosty trostee remuneration and ¢t 2023 2022 Staff Costs: Wages 4nd salaTies Pewion costs 778.603 10.992 60.275 138 848.489 15.921 71952 Other staff costs 988,183 1,013204 Tothl remuneration paid to key maDwent persornel was £50.968 (2022: £83.763). All tTU8tee8 are included as key personnel but have received £Ail remuneration for their SvICeS (2022: £Nil). DurAng the year, no Inth reLxived any benefits iti kind for their role as ITh (2022: £Nil). Ihwing the year. no Intee received aoy rc]rnbuernent of expenses for their role a8 ttee (2022: £Nil). During the year. redundw payments of £nil (2022 £27225) w¢re paid. The avw numb¢r of ¢mploy¢¢8 durillg the year was: 2023 2022 Educational OpetatioDal 31 29 35 35 Employee One employee (2022: one) r1Ved emoluments between £70,000 and £80.0(X).
Page 18 IYote8 to the Accounts- 31 Dttember 2023 10 2023 2022 At l January 2023 Addition in year 52260 52260 At 31 December 2023 52260 522()11 The Charity owns two religious scrolls that cost £52260. They I cla&8ified as heritage a&8ets in acCore with SORP CTr1ty accounting standards. I l Debtor8 2023 2022 28,175 2.560 62.489 112760 45,118 Amounts OW by other Jewish Futures Trust group clwitic8 Other debtors 49,293 148
Page 19 *Aish IIatorah UK IArnited Notss to the Accounts- 31 Deeember 21)23 2023 2022 13365 107.143 29.183 12,498 18224 16,496 28.713 23 J05 11,932 13.886 Amounts owed to other Jewish Futur&9 Tn group charities Oth¢r Credito 192,113 106,032 13 Capltsl ComDtmentr Amouots contracted for. but )1 provided in the acclmmts. amount to £nil (2022.. £Nil). 14 Statement of Fund• l January 2023 Incoming & lossas 2023 Unrestricted Fund 726 999 175 767 15 Operathig leMe eommitments 2023 2022 In le&8 thao on¢ year Bctwc¢n onc atyj fiv¢ years 315,790 215.086 315.790 215,086
Page 20 Aish Hatorah UK Limited Notes to the Ae¢ouDts- 311)eeember 2023 16 Related Transactions Jewish Futurt8 TTUSt Ltd {JFf) 18 the 801e member of the Company. DuTiDg the year. the Company received donations to the value of £589 J61 (2022: £301931 from JFT. DuTing th¢ year Aish charged JFr £17218 (2022: £5.013). During the year the Company was chged £A75.986 (2022: £358,124) by JFf for its slwe of JFf operating ¢traI facilities and service& At the year en the Company owed JFr £21.541 (2022: £13.305). JRoots Ltd is a subsidiary of JFf. the sole member of the Company. The Company ran 4 trAPS (2022: 4 trips) using the servic¢s of JRoots Ltd during the year which meant that JRoots Ltd incurred net costs on behalf of the Company to the Vab of £94,103 (2022: £53,605). The net cosL8 of these trips were paid to JRoots LtsL At year end the Company owed JRoots £nil (2022 . £nil). Aish received a grant from JRoots of £150.000 to subsidise edUClOn81 trlps (2022". £nil). Fonmi for Jewish Leadethp Ltd (FJL) As a subsidiary of . the sole member of the CompaThy. Company Suppo the costs of FJL'S UK and international activities &8 they befit th¢ Company's clients al supwrtas. t8 the year the Company contributed £15.750 towards the costs of intCTnatioDal sludent tsips (2022: £IO.O(J)). Al the year end the Company OW FJL £7.642 (2022: £io.iJx)). Jewish Futures Foundation Inc is a clwity ill the USA which 8hare8 a ttustee with . tring the year. the Company receAved donations from JFf Jewish Future8 FoUndlOn Inc tolalling £947 (2022: £11.589). At the year ell Aish owed JFT-Jewi8h Futures Foundation Jnc £nil (2022: £328). Klal.Cha7A)n 18 a 8ubsidiary of JFf, the sole member of the Company. During the year Klal-chazon used the services of Aish for datsbase administration. Tr totsl ¢harg¢ w&8 £1.443(2022: £JJ). At the end of the year, Klallba7L>n owed Aish £l.069. Give It ForwardToday Ltd (GIFf) is a subsidiary ofJFf. the sole member of the Con4)any. GIFf slwed offi¢e space in Manchester to 8UPPOrt its services and paid the Company a Contriblon of fA,920 thuing th¢ year (2022: £5904). DurAng the year the Tn made donations to the charity of £22293 (2022: £20,890). 17 ULTIMATE PARENT UNDERTAKIFIG AND CONTROLLll¥G PARTY The Company 18 a l(Mf/o thidiary of Jewi8h Future8 Trust Limited (JFf), a limited liability company. registered number 07884678 and a registered charity number 1151066. JFf 18 involved in publi¢ education and culttwal activiti. acwunts. includmg the results of the Company. A Copy of the ¢owJlidated accounts can b¢ obtained from the JFT lThd ofFJce at 379 H¢ndon Way. L4)ndoD NW4 3LP.
Page21 Ai8h Hatorah UK Limited Notss to the Accounts- 31 December 2023 2023 2022 Charity 559 905 FInla1 liabilities me&8ured at amortA8ed cost 192 113 Financial a&sets measuThl at amortised cost include trth debt0, other d¢btoTs and equivalent