REGISTERED COMPANY NUMBER: 03638569 (England and Wales) REGISTERED CHARITY NUMBER: 1078584
j ‘
Report of the Trustees and
Financial Statements for the Year Ended 31 March 2025
for
Moreshet Hatorah Ltd
Martin+Heller Chartered Accountants and Registered Auditor
Moreshet Hatorah Ltd
Report of the Trustees for the Year Ended 31 March 2025
Se
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2025, The trustees have adopted the provisions of 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 charity was formed for the advancement of the education of persons expressing the orthodox Jewish faith, the advancement of the orthodox Jewish faith, and the relief of poverty in the orthodox Jewish community. The charity incorporates the activities of Belz Yeshiva, TTMH Belz Day School and Belz Day Nursery, and an adult education programme. The charity is also actively involved in raising funds for general education, and relief of poverty, and to this end has made substantial grants in the year under review. The Trustees confirm their compliance with the duty to have due regard to the Public Benefit guidance published by the Charity Commission when reviewing the Charity's aims and objectives in planning future activities.
ACHIEVEMENTS AND PERFORMANCE
During the year the charity raised substantial funds, and has applied almost all of the funds in grants in furtherance of its objectives.
FINANCIAL REVIEW
During the period, the charity's outgoing resources exceeded the incoming resources, as disclosed in the financial statements, and the unrestricted reserves stood at £714,007. The trustees are satisfied with the results for the period. The trustees do not seek to maintain reserves, other than to ensure that they can continue the activities ofthe charity.
FUTURE PLANS
There are no current plans to change the activities or modus operandi in the foreseeable future.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is constituted as a limited company limited by guarantee, and as such, its governing documents are its Memorandum and Articles of Association. The company was formed on 25 September 1998. The charity is managed and controlled by the directors who are the trustees, who meet regularly.
Induction and training of new trustees It is not the intention of the trustees of the charity to appoint any new trustees. Should the situation change in the future, the trustees will apply suitable recruitment training and induction procedures.
Risk management
The trustees have identified and reviewed the major risks to which the charity is exposed, both manual and automated checks are regularly invoked, particularly those relating to the operations and finance of the charity. The trustees are satisfied that these systems and procedures help them manage any perceived risks.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
03638569 (England and Wales)
Registered Charity number 1078584
Registered office 1 Belz Terrace London ES 9AL
Page 1
Moreshet Hatorah Ltd
Report of the Trustees for the Year Ended 31 March 2025
eee
Trustees J Baumgarten (resigned 17.2.25) M Moskowits Auditors Martin+Heller Chartered Accountants and Registered Auditor
STATEMENT OF TRUSTEES' RESPONSIBILITIES
The trustees (who are also the directors of Moreshet Hatorah Ltd for the purposes of company law) are responsible _for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year. Under that law, the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).
Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to
-
select suitable accounting policies and then apply them consistently;
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- observe the methods and principles in the Charities SORP; - make judgements and estimates that are reasonable and prudent; - prepare the financial statements on the going concem basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
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In so far as the trustees are aware:
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there is no relevant audit information ofwhich the charitable company's auditors are unaware; and
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- the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.
AUDITORS The auditors, Martin+Heller, will be proposed for re-appointment at the forthcoming Annual General Meeting. Approved Si cn pt by order of the board of trustees on sennenegd B, 202.0 | and signed on its behalf by: f| E j M Moskowits - Trustee
Page 2
Report of the Independent Auditors to the Members of Moreshet Hatorah Ltd
Opinion
We have audited the financial statements of Moreshet Hatorah Ltd (the ‘charitable company’) for the year ended 31 March 2025 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
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In our opinion the financial statements: - give a true and fair view of the state of the charitable company's affairs as at 31 March 2025 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
-
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and - have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors’ responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees' use of the going concer basis of accounting in the preparation ofthe financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concem are described in the relevant sections of this report.
Other information The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.
Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.
Opinions on other matters prescribed by the Companies Act 2006
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In our opinion, based on the work undertaken in the course of the audit: - the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and
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- the Report of the Trustees has been prepared in accordance with applicable legal requirements.
Page 3
Report of the Independent Auditors to the Members of Moreshet Hatorah Ltd
Matters on which we are required to report by exception In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.
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We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion: - adequate accounting records have not been kept or retums adequate for our audit have not been received from branches not visited by us; or
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- the financial statements are not in agreement with the accounting records and returns; or - certain disclosures of trustees’ remuneration specified by law are not made; or - we have not received all the information and explanations we require for our audit; or - the trustees were not entitled to take advantage of the small companies exemption from the requirement to prepare a Strategic Report or in preparing the Report ofthe Trustees.
Responsibilities of trustees As explained more fully in the Statement of Trustees’ Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concem, disclosing, as applicable, matters related to going concem and using the going concem basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.
Our responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether the financial Statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
Page 4
Report of the Independent Auditors to the Members of Moreshet Hatorah Ltd
EEE Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: ~ We assess compliance with applicable laws and regulations that could reasonably be expected to have a material effect on the financial statements. The key laws and regulations we have considered in this context included the Charities SORP (FRS 102). In addition, we have considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which may be fundamental to the company's ability to operate or to avoid a material penalty. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below. Based on the results of our risk assessment we designed our audit procedures to identify non-compliance with such laws and regulations identified above.We discussed with management the extent of compliance with those laws and regulations as part of our audit procedures. - We address the risk of fraud through management override of controls, by obtaining an understanding of internal control and by designing audit procedures that are appropriate and sufficient. We evaluated the appropriateness of accounting policies used and the reasonableness of accounting estimates and judgements made by management. We identified and assessed any significant transactions that are unusual or outside the normal course of business, and we incorporated testing of manual journal entries and corrections into our audit approach. -Our audit procedures were designed to identify and assess risks of material misstatement in the financial statements, whether due to fraud or error. The risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve collusion, forgery, omissions, misrepresentations, or management override of controls. We communicated identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit. The engagement partner considers the engagement team collectively had the appropriate competence and capabilities to identify or recognize non-compliance with laws and tegulations,
-There are inherent limitations in the audit procedures described above and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentation, or through collusion. Our responsibility is to conclude whether the financial statements represent the underlying financial position and activities of the charity and to ensure that the overall content and presentation of the financial statements gives a fair view.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.
Use of our report
This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors’ report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.
Martin+Heller Chartered Accountants and Registered Auditor
Page 5
Moreshet Hatorah Ltd
Statement of Financial Activities for the Year Ended 31 March 2025
----- Start of picture text -----
|||||||
|---|---|---|---|---|---|
|eee|
|31.3.25|31.3.24|
|Unrestricted|Restricted|Total|Total|
|Notes|fund|fund|funds|funds|
|INCOME AND ENDOWMENTS FROM|£|£|£|£|
|Donations and legacies|2|5,524,594|-|5,524,594|5,646,313|
|Investment income|3|60,127|-|60,127|78,572|
|Total|5,584,721|-|5,584,721|5,724,885|
|EXPENDITURE|ON|.|
|Charitable|activities|4|
|Charitable activities|5,550,020|-|5,550,020|5,618,110|
|Other|75,456|-|75,456|98,483|
|Total|5,625,476|-|5,625,476|5,716,593|
|NET INCOME/(EXPENDITURE)|(40,755)|-|(40,755)|8,292|
|RECONCILIATION OF FUNDS|
|Total funds brought forward|754,762|-|754,762|746,470|
|TOTAL FUNDS CARRIED FORWARD|714,007|-|714,007|754,762|
----- End of picture text -----
The notes form part of these financial statements
Page 6
Moreshet Hatorah Ltd
Balance Sheet 31 March 2025
----- Start of picture text -----
||||||||
|---|---|---|---|---|---|---|
|Unrestricted|31,3:25|31.3.24|
|fund|Restricted|Total|Total|
|Notes|fund|funds|funds|
|FIXED ASSETS|£|£|£|£|
|Tangible assets|1]|205,795|-|205,795|274,394|
|CURRENT ASSETS|
|Debtors|12|1,906,852|-|1,906,852|2,149,550|
|Cash at bank|4,742|-|4,742|685|
|1,911,594|-|1,911,594|2,150,235|
|CREDITORS|
|Amounts falling due within one year|13|(1,381,191)|-|(1,381,191)|(1,643,297|)|
|NET|CURRENT ASSETS|530,403|-|530,403|506,938|
|TOTAL ASSETS LESS CURRENT|
|LIABILITIES|736,198|-|736,198|781,332|
|CREDITORS|
|Amounts falling due after more than one year|14|(22,191)|-|(22,191)|(26,570)|
|NET ASSETS/(LIABILITIES)|714,007|-|714,007|754,762|
|FUNDS|16|
|Unrestricted funds|714,007|754,762|
|TOTAL FUNDS|714,007|754,762|
----- End of picture text -----
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on ssseapersssencsrssereeyeresteasseeepeeee ANd Were Signed on its behalf by: 30 Sa Zon & ” M Moskowits - Trus
The notes form part of these financial statements
Page 7
Moreshet Hatorah Ltd
Cash Flow Statement for the Year Ended 31 March 2025
----- Start of picture text -----
||||||
|---|---|---|---|---|
|31,325|31,3.24|
|Notes|£|£|
|Cash flows from|operating|activities|
|Cash generated from operations|1|8,477|(5,275)|
|Net cash provided by/(used|in) operating|activities|8,477|(5,275)|
|Cash flows from|financing|activities|
|Loan repayments|in year|(4,379)|(5,555)|
|Net cash used in financing activities|(4,379)|(5,555)|
|Change in cash and cash equivalents|in|
|the reporting period|4,098|(10,830)|
|Cash and cash|equivalents|at the|
|beginning of|the reporting period|2|(76,670)|(65,840)|
|Cash and cash|equivalents|at the end|of|
|the reporting period|2|(72,572)|(76,670)|
----- End of picture text -----
The notes form part of these financial statements
Page 8
Moreshet Hatorah Ltd
Notes to the Cash Flow Statement for the Year Ended 31 March 2025
1. RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
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|||||||
|---|---|---|---|---|---|
|$1.3:25|31.3.24|
|Net|£|£|
|(expenditure)/income|for|the reporting period|(as per the|
|Statement of|Financial Activities)|(40,755)|8,292|
|Adjustments|for:|
|Depreciation charges|68,599|91,465|
|Decrease/(increase)|in debtors|242,698|(454,520)|
|(Decrease)/increase|in|creditors|(262,065|)|349,488|
|Net cash provided|by/(used|in) operations|8,477|(5,275)|
|2.|ANALYSIS OF CASH AND CASH EQUIVALENTS|
|31.3:25|31,3.24|
|Notice|£|£|
|deposits|(less than|3|months)|4,742|685|
|Overdrafts included in bank loans and|overdrafts falling due within one year|(77,314)|(77,355)|
|Total cash and cash equivalents|(72,572)|(76,670)|
----- End of picture text -----
3; ANALYSIS OF CHANGES IN NET DEBT
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|||||||
|---|---|---|---|---|---|
|At|1/4/24|Cash|flow|At 31/3/25|
|Net|cash|£|£|£|
|Cash|at bank|685|4,057|4,742|
|Bank overdrafts|(77,355)|41|(77,314)|
|(76,670)|4,098|(72,572)|
|Debt|
|Debts falling due within|1|year|(7,500)|-|(7,500)|
|Debts falling due after|1|year|(26,570)|4,379|(22,191)|
|(34,070)|4,379|(29,691)|
|Total|(110,740)|8,477|(102,263 )|
----- End of picture text -----
The notes form part of these financial statements
Page 9
Moreshet Hatorah Ltd
Notes to the Financial Statements for the Year Ended 31 March 2025
eee
- ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) ‘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), Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland’ and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Short leasehold - 10% oncost Fixtures & equipment - 25% on reducing balance Taxation The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further details of the movements in each fund is included in the notes to the financial statements.
Page 10 continued...
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
Moreshet Hatorah Ltd
| eee | eee | eee | eee | eee |
|---|---|---|---|---|
| 2. | DONATIONSANDLEGACIES | |||
| 313.25 | 31.3.24 | |||
| Donations Grants Admission fees |
£ 2,292,855 1,143,218 2,088,521 |
£ 2,632,250 951,824 2,062,239 |
||
| 5,524,594 | 5,646,313 | |||
| Grants received, included in theabove, are as follows: | ||||
| 313.25 | 31.3.24 | |||
| Othergrants | £ 1,143,218 |
£ 951,824 |
||
| 3. | INVESTMENTINCOME | |||
| 313.25 | 31.3.24 | |||
| Rentsreceived | £ 60,127 |
£ 78,572 |
||
| 4. | CHARITABLEACTIVITIESCOSTS | |||
| Grant | ||||
| funding of | ||||
| activities | ||||
| Direct | (seenote | |||
| Costs | 5) | Totals | ||
| Chanitableactivities | £ 2,620,551 |
£ 2,929,469 |
£ 5,550,020 |
|
| 5. | GRANTSPAYABLE | |||
| 31.3:25 | 31.3.24 | |||
| Charitable activities | £ 2,929,469 |
£ 2,997,262 |
||
| Donations paidouttothe institutionsduring theyearamountedto£1,838,045 | ||||
| Dover SholemCommunity Trust Fundd KMHCommunityClub Donationspaidoutlessthan£50,000total |
1,202,864 158,340 224,487 268,529 |
|||
| 1,854,220 |
Page 11
continued...
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
Moreshet Hatorah Ltd
- SUPPORT COSTS
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|||||
|---|---|---|---|
|Governance|
|Management|costs|Totals|
|Other|£|£|£|
|resources expended|68,599|6,857|75,456|
|tL|NET INCOMEKEXPENDITURE)|
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Net income/(expenditure) is stated after charging/(crediting):
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|||||
|---|---|---|---|
|31.3.25|31.3.24|
|Audit|Es|£|
|fees|3,600|3,600|
|Depreciation|- owned assets|68,599|91,466|
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- TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees’ remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.
Trustees' expenses
There were no trustees’ expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.
- STAFF COSTS
Wages and salaries
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|||
|---|---|
|313:25|31.3.24|
|£|£|
|1,547,807|1,388,088|
|1,547,807|1,388,088|
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----- Start of picture text -----
|||||
|---|---|---|---|
|The average monthly number of|employees during the year was as follows:|
|Lecturers|31.325|31.3.24|
|Teachers|and researchers|3|2|
|&|carers|85|83|
|88|85|
----- End of picture text -----
No employees received emoluments in excess of£60,000.
Page 12
continued...
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
Moreshet Hatorah Ltd
| 10. | COMPARATIVESFORTHESTATEMENTOFFINANCIALACTIVITIES | COMPARATIVESFORTHESTATEMENTOFFINANCIALACTIVITIES | COMPARATIVESFORTHESTATEMENTOFFINANCIALACTIVITIES | |
|---|---|---|---|---|
| Unrestricted | Restricted | Total | ||
| fund | fund | funds | ||
| £ | £ | £ | ||
| INCOMEANDENDOWMENTSFROM | ||||
| Donationsand legacies | 5,646,313 | - | 5,646,313 | |
| Investmentincome | 78,572 | - | 78,572 | |
| Total | 5,724,885 | - | 5,724,885 | |
| EXPENDITUREON | ||||
| Charitable activities | ||||
| Charitableactivities | 5,618,110 | - | 5,618,110 | |
| Other | 98,483 | - | 98,483 | |
| Total | 5,716,593 | - | 5,716,593 | |
| NETINCOME | 8,292 | - | 8,292 | |
| RECONCILIATIONOFFUNDS | ||||
| Total fundsbroughtforward | 746,470 | - | 746,470 | |
| TOTALFUNDS CARRIEDFORWARD | 754,762 | - | 754,762 | |
| 11. | TANGIBLEFIXEDASSETS | |||
| Short | Fixtures& | |||
| leasehold | equipment | Totals | ||
| £ | £ | £ | ||
| COST | ||||
| At 1 April2024and31 March2025 | 691,476 | 1,974,407 | 2,665,883 | |
| DEPRECIATION | ||||
| At 1 April2024 Chargeforyear |
691,477 - |
1,700,012 68,599 |
2,391,489 68,599 |
|
| At31 March2025 | 691,477 | 1,768,611 | 2,460,088 | |
| NETBOOKVALUE | ||||
| At31 March2025 | (1) | 205,796 | 205,795 | |
| At31March2024 | (1) | 274,395 | 274,394 |
Page 13
continued...
Moreshet Hatorah Ltd
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
| 12. | DEBTORS:AMOUNTSFALLINGDUEWITHINONEYEAR | ||
|---|---|---|---|
| 31.3.25 | 31.3.24 | ||
| £ | £ | ||
| Tradedebtors Otherdebtors |
86,005 1,820,847 |
271,299 1,878,251 |
|
| 1,906,852 | 2,149,550 | ||
| 13. | CREDITORS: AMOUNTSFALLINGDUEWITHINONEYEAR | ||
| 31.3.25 | 31.3.24 | ||
| £ | £ | ||
| Bankloansandoverdrafts(seenote 15) Tradecreditors Social securityandother taxes Othercreditors Accrualsanddeferredincome |
84,814 140,902 (33,190) 1,180,305 8,360 |
84,855 257,479 (33,575) 1,326,178 8,360 |
|
| 1,381,191 | 1,643,297 | ||
| 14, | CREDITORS:AMOUNTSFALLINGDUEAFTERMORETHANONEYEAR | ||
| 313.25 | 31.3.24 | ||
| £ | £ | ||
| Bankloans(seenote 15) | 22,191 | 26,570 | |
| 15. | LOANS | ||
| An analysis ofthe maturityofloans isgiven below: | |||
| 313.25 | 31.3.24 | ||
| £ | £ | ||
| Amounts falling duewithinoneyearon demand: | |||
| Bankoverdrafts Bankloans |
77,314 7,500 |
77,355 7,500 |
|
| 84,814 | 84,855 | ||
| Amounts fallingbetweenoneand twoyears: | |||
| Bankloans - 1-2years | 10,000 | 10,000 | |
| Amounts fallingdue betweentwoand fiveyears: | |||
| Bankloans-2-5years | 12,191 | 16,570 |
Page 14
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Moreshet Hatorah Ltd
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
----- Start of picture text -----
||||||||||
|---|---|---|---|---|---|---|---|---|
|16.|MOVEMENT|IN FUNDS|
|Net|
|movement|
|At|1/4/24|in|funds|At|31/3/25|
|£|£|£|
|Unrestricted|funds|
|General fund|754,762|(40,755)|714,007|
|TOTAL FUNDS|754,762|(40,755)|714,007|
|Net movement|in|funds,|included|in|the above|are|as|follows:|
|Incoming|Resources|Movement|
|resources|expended|in funds|
|£|£|£|
|Unrestricted|funds|
|General fund|5,584,721|(5,625,476|)|(40,755)|
|TOTAL FUNDS|5,584,721|(5,625,476 )|(40,755)|
|Comparatives|for movement|in funds|
|Net|
|movement|
|At|1/4/23|in|funds|At|31/3/24|
|£|£|£|
|Unrestricted|funds|
|General fund|746,470|8,292|754,762|
|TOTAL FUNDS|746,470|8,292|754,762|
|Comparative net movement|in|funds,|included|in the above are|as follows:|
|Incoming|Resources|Movement|
|resources|expended|in funds|
|£|£|£|
|Unrestricted|funds|
|General|fund|5,724,885|(5,716,593|)|8,292|
|TOTAL FUNDS|5,724,885|(5,716,593|)|8,292|
----- End of picture text -----
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Moreshet Hatorah Ltd
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
16. MOVEMENT IN FUNDS- continued
A current year 12 months and prior year 12 months combined position is as follows:
----- Start of picture text -----
|||||||
|---|---|---|---|---|---|
|Net|
|movement|
|At|1/4/23|in|funds|At|31/3/25|
|£|£|£|
|Unrestricted|funds|
|General|fund|746,470|(32,463 )|714,007|
|TOTAL FUNDS|746,470|(32,463 )|714,007|
----- End of picture text -----
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
----- Start of picture text -----
|||||||
|---|---|---|---|---|---|
|Incoming|Resources|Movement|
|resources|expended|in funds|
|£|£|£|
|Unrestricted|funds|
|General|fund|11,309,606|(11,342,069 )|(32,463)|
|TOTAL FUNDS|11,309,606|(11,342,069|)|(32,463|)|
----- End of picture text -----
- |RELATED PARTY DISCLOSURES
Donations received by the charity include the following amounts which were received from charities which have trustees in common with Moreshet Hatorah Limited:
Chevras Mooz Ladol 125,500
Donations paid by the charity include the following amounts which were paid to charities which have trustees in common with Moreshet Hatorah Limited:
The Talmud Torah Machzikei Hadass Trust 45,433
Other debtors include the following loans due from charities which have trustees in common with Moreshet Hatorah Limited:
Cosmon (Belz) Ltd 500,221 The Talmud Torah Machzikei Hadass Trust 747,525 Other creditors include the following loans due to charities which have trustees in common with Moreshet Hatorah Limited:
Clapton Common Boys Club 79,943
At the year end, the charity owed £169,690 to J Baumgarten.
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Notes to the Financial Statements - continued for the Year Ended 31 March 2025
Moreshet Hatorah Ltd
18. COMPANY LIMITED BY GUARANTEE
The charity company is limited by guarantee and does not have a share capital. The articles of association of the company preclude the distribution of assets to the members of the company and accordingly a reconciliation of shareholders' funds is inappropriate. The liability of each member in the event of a winding up is limited to £1.
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