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2020-12-31-accounts

The Torah Learning Cetre

Report

and

Financial

Statements

For The Year Ended

31 December 2020

Charity Number 1083899

The Torah Learning Cetre

Contents
Page
Legal and Administrative Information 1
Report of The Trustees 2 and 3
Statement Of Financial Activities 4
Balance Sheet 5
Notes forming part of the financial statements 6 to 8
Accountants Report 9

The Torah Learning Cetre

Trustees

Mr. Jacob Akiva Grunhut Mrs. Gitta Fogel

Administration Address

Mr. Jacob Grunhut 71 Fairholt Road Stoke Newington London N16 5EW

Charity Number 1083899

Accountants

C Rosen

Page 1

The Torah Learning Cetre Report of the Trustees

The Trustees present their annual report with accounts of the Charity for the Year Ended 31 December 2020.

Status and Administration

The Torah Learning Centre is constituted by trust deed, dated 30th November 2020 and is a Registered Charity.

Trustees

The Trustees in office throughout the year were: Mr. Jacob Akiva Grunhut Mrs. Gitta Fogel

No trustee has any beneficial interest in the Charity and all gave their time voluntarily.

Objectives and Activities

Toiras Moishe Talmudical College was established to advance Talmudical Research of the wider Jewish Community.

The Charity supports the College financially.

The Charity usually makes Grants to other organisations and when it does so, the Trustees ensure that the recipient meets the Charity's objectives.

Financial Review

Our principle sources of funding are via voluntary income (donations).

There are no restrictions on the Charity's Power to invest. The Trust Deed authorises the trustees to make and hold investments using the general funds of the Charity.

Page 2

The Torah Learning Cetre

Report of the Trustees

Risk Assessment

The Charity has identified and assessed the major risks to which it is exposed. whilst in the Charity's care as well as the finances of the Charity.

The Charity is satisfied that systems are in place and routinely assessed including procedures, and Financial and Management Controls.

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:

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 on 18 October 2021 and signed on behalf of them all.

Mr. Jacob Akiva Grunhut Trustee

Page 3

The Torah Learning Cetre

Statement Of Financial Activities

For The Year Ended 31 December 2020

Notes Unrestricted Restricted Restricted 2020 2019
Total
Funds Funds Total Funds Funds
£ £ £ £
INCOMING RESOURCES
Activities to further the Charity's Objects 2 168,528 0 168,528 137,375
Interest Income 0 0 0 0
Total Incoming Resources 168,528 0 168,528 137,375
Total Incoming Resources 168,528 0 168,528 137,375
RESOURCES EXPENDED
Cost of Generating Funds 0 0 0 0
Net Incoming Resources Available
For Charitable Application 168,528 0 168,528 137,375
Cost of Activities In Furtherance 3
of the Charity's Objects 167,925 0 167,925 129,386
Governance Costs 5 603 0 603 502
Total Charitable Expenditure 168,528 0 168,528 129,888
Total Resources Expended 3 168,528 0 168,528 129,888
Net Movement In Funds 0 0 0 7,487
Transfer To / (From) Reserves 0 0 0 0
Net Reserves for the Year 0 0 0 7,487
Total Funds
Brought Forward		 2,067 0 2,067 (5,420)
Total Funds
Carried Forward		 10 £ 2,067 **£ ** 0 £ 2,067 £ 2,067

Page 4

The Torah Learning Cetre

Balance Sheet at 31 December 2020

Notes
2020
2019
£
£
Current Assets
Cash at Bank and in Hand
10,714
3,191
10,714
3,191
Creditors
:Amounts falling due
within one year
8
(8,647)
(1,124)
Net Current Assets
2,067
2,067
Total Assets less Current Liabilities
2,067
2,067
Net Assets
9
£ 2,067
£ 2,067
Restricted Funds
10
0
0
Unrestricted Funds
11
2,067
2,067
Total Funds
£ 2,067
£ 2,067		 Notes
2020
2019
£
£
Current Assets
Cash at Bank and in Hand
10,714
3,191
10,714
3,191
Creditors
:Amounts falling due
within one year
8
(8,647)
(1,124)
Net Current Assets
2,067
2,067
Total Assets less Current Liabilities
2,067
2,067
Net Assets
9
£ 2,067
£ 2,067
Restricted Funds
10
0
0
Unrestricted Funds
11
2,067
2,067
Total Funds
£ 2,067
£ 2,067		 Notes
2020
2019
£
£
Current Assets
Cash at Bank and in Hand
10,714
3,191
10,714
3,191
Creditors
:Amounts falling due
within one year
8
(8,647)
(1,124)
Net Current Assets
2,067
2,067
Total Assets less Current Liabilities
2,067
2,067
Net Assets
9
£ 2,067
£ 2,067
Restricted Funds
10
0
0
Unrestricted Funds
11
2,067
2,067
Total Funds
£ 2,067
£ 2,067
**£ ** 2,067
2,067
2,067
**£ ** 0
2,067
2,067

Approved by the Trustees on 18 October 2021, and signed on behalf of them all.

Mr. Jacob Grunhut Trustee

The notes on pages 6 to 8 form part of these accounts.

Page 5

The Torah Learning Cetre

Notes To The Accounts - 31 December 2020

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.

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

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.

Unrestricted
Restricted
Funds
Funds
£
£
2) Incoming Funds
Donations Received
168,528
Total Income Generated
£ 168,528
£ 0		 Total
2020
£
168,528
£ 168,528
**£ **		 2019
£
137,375
137,375

Page 6

The Torah Learning Cetre

Notes To The Accounts - 31 December 2020

Unrestricted Restricted
3) Analysis of Total Resources Expended
Funds
Funds
Charitable Activities
Cost of Activities In Furtherance
of the Charity's Objects
Charitable Activities
Advertising
2,800
Cleaning
4,500
Donations and Grants
29,377
Hall Hire
0
Office Expenses
85
Payroll
22,612
Printing and Books
6,815
Rent Payable
16,820
Refreshments
24,431
Repairs and Maintenance
6,710
Student Grants
31,540
Travel
1,500
Covid 19 Grants
5,100
Holiday Grants
14,035
Charity Extra
1,600
Total
167,925
0
Total Cost of Activities In Furtherance
of the Charity's Objects
£ 167,925
£ 0
4) Cost of Generating Funds
5) Governance Costs
Accountancy
Bank Charges
Telephone
6)
7) The average number of Employees during the year, on a full time equivalen
basis was
Taxation
The Charity is exempt from taxation on its charitable activities.
Charitable Activities		 Total
Total
2020
2019
£
£
2,800
2,050
4,500
4,500
29,377
22,230
0
3,200
85
350
22,612
13,500
6,815
15,412
16,820
13,432
24,431
24,199
6,710
0
31,540
29,090
1,500
1,423
5,100
0
14,035
0
1,600
0
167,925
129,386
£ 167,925
£ 129,386
£ 0
£ 0
384
350
219
152
£ 603
£ 502
2020
2019
9
9

No Employee was paid above £60,000 per year.

Page 7

The Torah Learning Cetre Notes To The Accounts - 31 December 2020

8) Creditors: Amounts falling due within one year

2020 2019
£ £
Accruals 350 350
Other Creditors 8,297 774
£ 8,647 £ 1,124

9) Net Assets of The Charity's Funds

Net
Fixed Current Long Term Fund
Assets Assets Liabilities Balances
£ £ £ £
Restricted Funds 0 0 0 0
Unrestricted Funds 0 2,067 0 2,067
Total Funds **£ ** 0 £ 2,067 **£ ** 0 **£ ** 2,067
10) Restricted Funds : Movements In The Year
Balance at Transfer To Balance at
31 December 2019 Income Expended /(From) 31 December 2020
£ £ £ Reserves £
0 0 0 0 0
Total Funds **£ ** 0 **£ ** 0 **£ ** 0 **£ ** 0 **£ ** 0
11) Unrestricted Funds : Movements In The Year
Balance at Transfer To Balance at
31 December 2019 Income Expended /(From) 31 December 2020
£ £ £ Reserves £
General Reserve
2,067		 168,528 168,528 0 2,067
Total Funds
£ 2,067		 £ 168,528 £ 168,528 **£ ** 0 **£ ** 2,067

12) Related Party Transactions

No trustee nor any person connected with them received any remuneration, or claimed any expense, during the year, from this or any related Charity.

There were no Related Party Transactions in the Year.

Page 8

Accountants Report to the Trustees on the Unaudited Accounts of the Charity The Torah Learning Cetre For the Year Ended 31 December 2020

We report on the financial statements of The Torah Learning Cetre

for the Year Ended 31 December 2020 which comprise the Swhich comprise the Statement of Financial Activities, the Balance Sheet and 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 Reporting Accountants

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 Accountant'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,

Date 18 October 2021

Reporting Accountant

C Rosen

Page 9