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← Torah ( 5759 ) Limited

2025-03-31-accounts

Charity registration number 1075939 (England and Wales)

Company registration number 03708672

TORAH (5759) LIMITED

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

TORAH (5759) LIMITED

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees A. Friedlander
A. J. Sprung
M. Waldman
Charity number (England and Wales) 1075939
Company number 03708672
Registered office Pardes House School
Hendon Lane
Finchley
London
N3 1SA
Independent examiner Berish Hoffman FCA
Landau Morley LLP
325-327 Oldfield Lane North
Greenford
Middlesex
UB6 0FX
Bankers Lloyds TSB Bank Plc
Hampstead Branch
40 Rosslyn Hill
London
NW3 1NL

TORAH (5759) LIMITED

CONTENTS

Page
Trustees' report 1 - 2
Independent examiner's report 3
Statement of financial activities 4
Balance sheet 5
Notes to the financial statements 7 - 11

TORAH (5759) LIMITED

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2025

The trustees present their annual report and financial statements for the year ended 31 March 2025.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019).

Objectives and activities

The objects of the charity are:

  1. The advancement of Jewish religious education; and

  2. Such other charitable purposes as the charity may from time to time determine.

The charity was established to cater for the Jewish religious educational needs and in particular the needs of the Pardes House Schools.

The charity's principle source of income is voluntary contributions. The charity also receives donations from trusts and other individual sources.

Incoming resources are applied in priority to the religious requirements of the schools, such as the provision of teachers and educational material. Payments are also made towards the running costs of the school by the charity.

The trustees confirm that they have referred to the guidance outlined in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning future activities.

The charity makes grants towards the constituent parts of the school, as a way of contributing to the overall school costs. The charity also makes grants to other religious organisations.

Achievements and performance

During the year the charity continued its charitable activities and the Trustees are satisfied with the charity's performance.

The Trustees are pleased to report a successful year of operation. Income totalled £713,169 (2024: 558,929). £699,442(2024: £563,973) was spent in furtherance of the charity's objectives. These figures are in accordance with the Trustees' objectives. A proportion of the charity's funds were raised via a fundraising campaign that took place during the year.

Financial review

The funds of the charity have been applied throughout the year in pursuance of the objects of the charity. The charity holds at any one time minimal funds thus ensuring that all resources are being fully utilised. The charity is able to maintain its operations on this basis since external charitable financing is made available to it, should temporary shortfalls in income levels arise.

Future performance is expected to be similar, although the requirements of the charity will continue to increase in the coming years so the Trustees are mindful that they must continue to ensure the charity's income is maintained or enhanced.

At the year end the charity's reserves were £5,576 (2024: £7,087) which were all part of the unrestricted fund.

Future financial performance could be affected by major changes in the economy with a result that parents and friends of the School are able to donate less money to the charity, which in turn will be able to donate less money to the School.

TORAH (5759) LIMITED

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Plans for future periods

The Trustees plans for the future are to continue to raise funds to help the School thrive. The Trustees are considering various fundraising initiatives which will assist in increasing the activities of the charity.

Structure, governance and management

Torah (5759) Limited is a company limited by guarantee incorporated on 4 February 1999. The governing document of the company is its Memorandum and Articles of Association.

The Trustees meet regularly and decisions are made after the views of all present have been taken into account.

When appointing new Trustees, efforts are made to recruit individuals with a breadth of interests, social awareness, knowledge of the Jewish community and the educational requirements of Jewish families.

Potential and newly appointed Trustees are provided with full information about the work of the company.

The Trustees have assessed the major risks to which the company is exposed, in particular those related to the operations and finances of the company, and are satisfied that systems and procedures are in place to mitigate the exposure to any major risks.

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

A. Friedlander

A. J. Sprung

M. Waldman

Trustees are appointed by members of the executive committee of the Pardes House School.

Small company provision

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

The trustees' report was approved by the Board of Trustees.

A. Friedlander

Trustee Dated: 24 December 2025

TORAH (5759) LIMITED

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF TORAH (5759) LIMITED

I report to the trustees on my examination of the financial statements of Torah (5759) Limited (the charity) for the year ended 31 March 2025.

Responsibilities and basis of report

As the trustees of the charity (and also its directors for the purposes of company law), you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006.

Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the Companies Act 2006 and are eligible for independent examination, I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.

Independent examiner's statement

Since the charity’s gross income exceeded £250,000, the independent examiner must be a member of a body listed in section 145 of the Charities Act 2011. I confirm that I am qualified to undertake the examination because I am a member of ICAEW, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Berish Hoffman FCA

Landau Morley LLP 325-327 Oldfield Lane North Greenford Middlesex UB6 0FX 24 December 2025

TORAH (5759) LIMITED

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2025

Unrestricted Unrestricted
funds funds
2025 2024
Notes £ £
Income from:
Donations and legacies 2 713,169 558,929
Total income 713,169 558,929
Expenditure on:
Raising funds 3 9,381 5,606
Charitable activities 4 705,299 563,973
Total expenditure 714,680 569,579
Net expenditure and movement in funds (1,511) (10,650)
Reconciliation of funds:
Fund balances at 1 April 2024 7,087 17,737
Fund balances at 31 March 2025 5,576 7,087

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

TORAH (5759) LIMITED

BALANCE SHEET

AS AT 31 MARCH 2025

2025
Notes
£
Current assets
Debtors
9
30,545
Cash at bank and in hand
17,870
48,415
Creditors: amounts falling due within
one year
10
(35,339)
Net current assets
Creditors: amounts falling due after
more than one year
11
Net assets
The funds of the charity
Unrestricted funds
13		 2024
£
£
£
1,894
82,517
84,411
(59,824)
13,076
24,587
(7,500)
(17,500)
5,576
7,087
5,576
7,087
5,576
7,087

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2025.

The trustees acknowledge their responsibilities for ensuring that the charity keeps accounting records which comply with section 386 of the Act and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its incoming resources and application of resources, including its income and expenditure, for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the trustees on 24 December 2025

A. Friedlander

Trustee

Company registration number 03708672 (England and Wales)

TORAH (5759) LIMITED

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025

2025 2024
Notes £ £ £ £
Cash flows from operating activities
Cash (absorbed by)/generated from 15
operations (54,647) 62,035
Net cash generated from investing activities - -
Financing activities
Repayment of bank loans (10,000) (10,000)
Net cash used in financing activities (10,000) (10,000)
Net (decrease)/increase in cash and cash
equivalents (64,647) 52,035
Cash and cash equivalents at beginning of year 82,517 30,482
Cash and cash equivalents at end of year 17,870 82,517

TORAH (5759) LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies

Charity information

Torah (5759) Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is Pardes House School, Hendon Lane, Finchley, London, N3 1SA.

1.1 Basis of preparation

The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

1.4 Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

1.5 Expenditure

Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to the particular headings, they have been allocated to activities on a basis consistent with the use of resources.

1.6 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

TORAH (5759) LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies

(Continued)

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

1.7 Taxation

The charity is exempt from corporation tax on its charitable activities.

1.8 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.9 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2 Donations and legacies

Unrestricted Unrestricted
funds funds
2025 2024
£ £
Donations and gifts 713,169 558,929

3 Expenditure on raising funds

Unrestricted Unrestricted
funds funds
2025 2024
£ £
Fundraising and publicity
Campaign costs 9,381 5,606

TORAH (5759) LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

4 Charitable activities

Staff costs
Educational costs
School premises costs
Consultancy
Contributions to Pardes House Primary School
Share of support costs (see note 5)
Share of governance costs (see note 5)
Support costs
Support
costs
Governance
costs
£
£
Bank charges and
interest
899
-
Accountancy fees
-
4,958
899
4,958
Analysed between
Charitable activities
899
4,958		 2025
£
416,124
49,154
19,164
-
215,000
699,442
899
4,958
705,299
2025Support costs Governance
costs
£
£
£
899
2,005
-
4,958
-
5,077
5,857
2,005
5,077
5,857
2,005
5,077		 2024
£
404,907
36,711
14,943
5,330
95,000
556,891
2,005
5,077
563,973
2024
£
2,005
5,077
7,082
7,082

5 Support costs

6 Trustees

None of the trustees (or any persons connected with them) received any remuneration, reimbursement of expenses or benefits from the charity during the year.

7 Employees

The average monthly number of employees during the year was:

2025 2024
Number Number
38 39

TORAH (5759) LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

7
Employees
Employment costs
Wages and salaries
Social security costs
Other pension costs		 (Continued)
2025
2024
£
£
405,682
397,298
7,062
4,789
3,380
2,820
416,124
404,907		 (Continued)
2025
2024
£
£
405,682
397,298
7,062
4,789
3,380
2,820
416,124
404,907
404,907

There were no employees whose annual remuneration was more than £60,000.

8 Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. 9 Debtors

9
Debtors
Amounts falling due within one year:
Other debtors
10
Creditors: amounts falling due within one year
Notes
Bank loans
Other creditors
Accruals and deferred income
11
Creditors: amounts falling due after more than one year
Notes
Bank loans
12
Retirement benefit schemes
Defined contribution schemes
Charge to profit or loss in respect of defined contribution schemes		 2025
£
30,545
2025
£
10,000
21,239
4,100
35,339
2025
£
7,500
2025
£
3,380		 2024
£
1,894
2024
£
10,000
45,824
4,000
59,824
2024
£
17,500
2024
£
2,820

TORAH (5759) LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

12 Retirement benefit schemes

(Continued)

The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.

13 Unrestricted funds

At 1 April Incoming Resources At 31 March
2024 resources expended 2025
£ £ £ £
General funds 7,087 713,169 (714,680) 5,576
Previous year: At 1 April Incoming Resources At 31 March
2023 resources expended 2024
£ £ £ £
General funds 17,737 558,929 (569,579) 7,087
14 Related party transactions
During the year there were no transactions with related parties.
15 Cash (absorbed by)/generated from operations 2025 2024
£ £
Deficit for the year (1,511) (10,650)
Movements in working capital:
(Increase)/decrease in debtors (28,651) 38,793
(Decrease)/increase in creditors (24,485) 33,892
Cash (absorbed by)/generated from operations (54,647) 62,035
16 Analysis of changes in net funds
At 1 April 2024 Cash flowsAt 31 March 2025
£ £ £
Cash at bank and in hand 82,517 (64,647) 17,870
Loans falling due within one year (10,000) - (10,000)
Loans falling due after more than one year (17,500) 10,000 (7,500)
55,017 (54,647) 370