COMPANY REGISTRATION NUMBER: 4311026 CHARITY REGISTRATION NUMBER: 1092266 Torah Vodaas Limited Company Limited by Guarantee Financial Statements 31 August 2024 COHEN ARNOLD Chartered accountants & statutory auditor New Burlington House 1075 Finchley Road LONDON NWII OPU
Torab Vodaas Limited Company Lknited by Guarantee Financial Statements Year ended 31 August 2024 Pages Ito4 Trustees, annual report (incorporating the directovs report) Independent auditor's report to the members Statement of fllW]cial activities (including income and expenditure account) Statement of financial position Statement of cash flows 5t09 10 11 12 Notes to the fmancial statements 13to19
Torah Vodaas Limited Company Limited by Guarantee Trustees, Annual Report nCOrporatIng the Directorls Report) Year ended 31 August 2024 The trustees. who are also the directors for the purposes of company law, present their report and the fanCIal statements of the charity for the year ended 31 August 2024. Ref¢rence and administrative d¢tails Torah Vodaas Limited Reglstered charity name Charlty registrgtion number Company reglstratlon number 4311026 Prlnclpal office and reglstered Torah Vodaas Primary School office Brent Park Road London NW9 7AJ 1092266 The trustees Mr S Klor Mr A L Levison Mr J Bamberger Cohen Arnold Chartered arKountants & statutory auditor New Burlington House 1075 Finchley Road LONDON NWII OPU Audltor Bankers The Royal Bank of Scotland 24 Lea Road DronfIeld Debyshire S18 ISB
Torah Vodaas Limited Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (coNdnuÉd) Year ended 31 August 2024 Structureg governance and management Le¥ul Slxlus The Charity, which runs Torah Vodaas Primary School, was incorporated on 25th October 2001. As the Charity is a Company limited by guarantee, its governing documents are its Memorandum and Articles of Association. Management The Charity is run by the Trustees, who are also directors for the purpose of company law, who act in an honorary capacity. The day to day affairs of the Charity are administered by the head teacher. Appointment Training and Reeruitment of Trustees There are currently no plans to appoint new trustees. Should the situation change in the future, suitable recruitment and training procedures will be applied and the new Trustees will be inducted into the workings of the Charity by the existing Trustees and givcn access to the Charity Commission publications. None of the trustees have any beneficial interest in the charity. Risk Management The Trustees have assessed the major risks to which the Charity is exposed, in particular those to ihe operation5 and finances of the Charity* and is satisfied the systems are in place to mitigate its exposure to those risks. It is recognised that systems can only provide reasonable but not absolute assurance that major risks have becn adcquotely manoged. Objective5 and actlvities The Company is established for charitable purposes, its objects being to advance Jewish religious educatlon and education generally and in particular to establish and maintain a primary school in London for boys of the Jewish faith. The Charity operates the Torah Vodaas Primary School for Boys, which is based in North West London, and aims to provide its pupils with a sound education of the highest order, providing religious and secular education in accordance with the doctrines and principles of Orthodox Judaism. Tlie ti'ustees Confmn that they havc rcfcrred to ihe guidance contained in the Charity's Commissinn's general guidance on public benefit when reviewing the Charity's aim and objectives and in planning future activities.
Torah Vodaas Limited Company Limited by Guarantee Trusteesl Annual Report nCOrpOratIng the Director's Report) (eonllftued) Year ended 31 August 2024 Aehievements and performance The Charity has continued to provide a first class education to the pupils and continues to enjoy the support of the pupils, parents. The school has gone from strength to strength and is continuing to provide an excellent education for the children enrolled. The school also operates a club that serves the local community for those parents who want to drop their children off early morning and during out of school hours. The financial results for the year under review are set out in the attached Financial Statements together with the Notes thereon, Financial review Reserves Policy The policy of the Charity is firstly to meet the day to day costs of running the school. Any surylus reserves are utilised to improve the school's situation with regards to accornmodation and equipment, and also, if possible, to retain as a buffer for fijture unforese¢n circumstances. There are no restrictions on the Charity's powers to invest surplus funds, As at 31 August 2024 the charity had £219,712 unrestricted funds, The Charity had net current liabilities of £89,261, The Trustees consider that an adequate level of resources will be available to the Charity to fund charitable expenditure and day to day running costs of the school. The Fiiiancial Statements have been prepared on a going concern based upon the assumption of the continued financial support from the community and the charity's loan crcditors. The Ti'uslecs are of the opinion that such support will be forthcoming. Plans for future perlods The Trustees consider that the success of the school over the last few years indicates the appropriateness of the Charity's strategy. The Trustees plan to Continue to further th¢ objectives of the Charity of providing on a non-profit basis good religious and secular education to Jewish children of primary school age, by supporting the school and funding its activities, Trustees respon51bllities statem eul The trustees, who are also directors for the purposes of company law, are responsible for preparing th¢ trustees, report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitable company and the incoming resources and application of resources, including the income and expenditure, for that period, In preparing these financial statements, the trustees are required to: select suitable accounting policies and then apply them consistently; observe the methods and principles in the applicable Charities SORP; make judgments and accounting estimates that are reasonablc and prudent, prepare the financial staternents on the going concern basis unless It 15 inappropriate to presume that the charity will continue in business.
Torah Vodaas Limited Company Limited by Guarantee Tntees, Annllal Report UncorporatiA]g the Directorls Report) (ets•EIEftued) Year ended 31 August 2024 The trustces are responsible for kceping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with rcasonable accuracy at any time the fjnancial position of the charity and enable them to ensure that the fmancial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Auditor Each of the persons who 15 a trustee at the date of approval of this report confirnls that: so far as they are aware. there is no relevant audit inforniation of which the charity'5 auditor is unaware; and they have taken all steps that they ought to have taken as a trustee to make themselves aware of any relevant audit inforniation and to establish that the charity's auditor is aware of that infonnation. The auditor is deemed to have been re-appointed in accordance with s¢¢tion 487 of the Companies Act 2006. Small eompany provlslons This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption. The trustees, annual report was approved on 30 June 2025 and signed on behalf of the board of trustees by: Mr S Klor Trustee
Torah Vodaas Limited Company Limited by Guarantee Independent Auditor's Report to the Members of Torah Vodaas Limited Year ended 31 August 2024 Opinion We have audited the financial statements of Torah Vodaas Limited (the 'charity') for the year ended 31 August 2024 which comprise the statement of fmancial activities (including income and expendithre account), statement of financial position, statement of cash flows and the related notes, 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, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial stat¢ments: give a true and fair view of the stat¢ of the charity's affaTrs as at 31 August 2024 and of its incoming resources and application of resouices. including its income and cxpendituie, for the year then ended; have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice, have been prepared in accordance with the requirements of the Companies Act 2006. Basls for oplThloTr We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are furtheT described in the auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity 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 relatfing to going ¢oncerD In auditing the financial statements. we have concluded that the trustees, use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on th¢ work we have peTfomied, we have not identified any material uncertainties relating to events or conditions that, individually or collectively. may cast significant doubt on the charity's ability to continue as a going concern for a period of at l¢ast twelve months from when the financial statements are authorised for issu¢. Our responsibilities and the responsibilities of the truste¢s with respect to going concern are described in the r¢l¢vant sections of this report.
Torah Vodaas Limited Company Limited by Guarantee Independent Auditor's Report to the Members of Torah Vodaas Limited Year ended 31 August 2024 Other informatlon The other inforniation comprises the information included in the annual report. other than the flnancial statements and our auditor's report thereon. The trustees are responsible for the other inforniation. Our opinion on the financial statements does not cover the other inforn]ation and, except to the extent otherwise explicitly stated in our report, we do not express any forni of assurance conclusion theTeon. Iii conneclivn with our audit of the financial statements, our responsibility is to read the other infonnation and, in doing so, consider whether the other infonnation is materially inconsistent with the financial statements or our knowledge obtained in the audit or othenvise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misststement in the financial statements or a material misstatement of the other information. If, based on the work we have perfornied, we conclude that there is a material misstatement of this other inforniation, we are required to report that fact. We have nothing to report in this regard. Opinions on other matters prescribed by the Companles Aet 2006 In our opinion, based on the work undertaken in the Course of the audit: the inforniation given in the trustees, report for the financial year for which the financial statements are prepared is consistent with the financial statements. and the trustees, report has been prepared in accordance with applicable legal requirements. Matters on which we gre requlred to report by exception In the light of the knowledge and understanding of the charily and its environment obtained in the course of the audit, we have not identified material misstatemenls in the trustees, report. We have nothing to report in respect of the following matt¢rs in relation to which the Companies Act 2006 requires us to report to you if, in our opinion: adequate a¢¢ounting records have not been kept, or returns adequate for our audit have not b¢¢n received from branches not visited by us. or the financial statements are not in agreement with the accounting records and returns. or certain disclosur¢s of trustees, remuneration specified by law are not made; or we have not received all the inforniation and explanation5 we require for our audit. or the trustees were not entitled to prepare th¢ fmancial statements in accordance with the small companies regime and take advantage of the small companies, exemptions in preparing the directors, report and from the requirement to prepare a strategic report.
Torah Vodaas Limited Company Limited by Guarantee Independent Auditor's Report to the Ivlembers of Torah Vodaas Limited (eoprflKMedJ Year ended 31 August 2024 Responsibilltfies of trustees As explained more fully in the trustees, responsibilities statement, the trustees (who are also the directors 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 inlernal control as the trustees detennine is necessary to enable the preparation of financial staternents that are free from material misstatement, whether du¢ lo fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so. Auditor's responsibilities for the audlt of the finanelal 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 an auditor's report 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. 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 iegUlar1ties, including fraud is detailed below.. We obtained an understanding of the legal and regulatory frameworks that are applicable to the charity through discussion with the trustees and identified financial reporting legislation and charity legislation as being most significant to these financial statements. We Communicated these identified frameworks amongst our audit team and remained alert to any indications of non-cornpliance throughout the audit. We ensured that the engagement team had sufficient competenc¢ and capability to identify or recognis¢ non-compliance with the laws and regulations. We discussed with the trustees th¢ policies 8nd procedures regarding complianc¢ with these legal and regulatory frameworks. We assessed the susceptibility of the charity's financial statements to material misstatement due to non-compliance with Icgal and regulatory frameworks, including how fraud might occur, by enquiry with the trustees during the planning and finalisation phases stages of our audit. The Susceptibility to such material misstatement was det¢rn]ined to be low. Based on thi5 understanding, we designed our audit procedure5 to identify non-compliance with the identified legal and regulatory frameworks, which were part of our procedures on the related financial statement items,
Torah Vodaas Limited Company Limited by Guarantee Independent Auditor's Report to the Members of Torah Vodaas Limited (conilmted) Year ended 31 August 2024 As part of an audit in accordance with ISAS (UK), we exercise professional judgmcnt and maintain professional scepticism throughout the audit. We also., Identify and assess th¢ risks of material misstatement of the financial statements, whether due to fraud or error, design alld perforn) audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion, The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions. misTeprcscnt&tions, or the override of internal control. Obtain an understanding of internal control relevant to the audit in order to design audit procedures that ar¢ appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the internal control. Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the trustees. Conclude on the approprlateness of the trustees, use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may ¢ast significant doubt on the charity's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor, s report to the related disclosures in the financial 5taternents or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the charity to cease to continue as a going concern. Evaluate the overall presentation, structure and content of the fmancial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.
Torah Vodaas Limited Company Limited by Guarantee Independent Auditorls Report to the Members of Torah Vodaas Limited (c&nllw Year ellded 31 August 2024 We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. Use of our report This report is made solely to the charity'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 charity's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent perniitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's mcmbers as a body, for our audit work, for this report, or for the opinions we have fornied. Davld Goldberg (Selllor Statutory Auditor) For and on behalf of Cohen Arnold Chartered accountants & statutory auditor New Burlington House 1075 Finchley Road LONDON NWI I OPU 30 June 2025
Torah Vodaas Limited Company Limited by Guarantee Statement of Financial Activjities (ineluding income and expenditure account) Year ended 31 August 2024 2024 Unrestricted funds Total funds Total funds 2023 Note Income and endowments Donations and legacies Charitable activities Other income 1,243,865 1,126,558 10,000 2,380,423 1,243,865 1,126,558 10,000 2,380,423 1,284,586 1,038,711 10,000 Total income 2,333,297 Expenditure Expenditure on raising funds.. Costs of raising donations and legacies Expenditure on charitable activities Total expenditure (24,791) (24,791) (13.209) 9,10 (2,351,339) (2,351,339) (2.336,178) (2,376,130) (2,376,130) (2,349,387) Net ineome/(expenditure) and net movement In funds 4,293 4,293 (16,090) Reconclllatlon of funds Total funds brought forward Total funds earrled forward 215,419 219,712 215,419 219,712 231,509 215,419 The statement of financial activities includes all gains and losses re¢ognised in the year. All income and expenditure derive from continuing activities. The notes on pages 13 to 19 forrn part Dr these fin4n¢ial statements. io-
Torah Vodaas Limited Company Limited by GuarAntee Statement of Financial Position 31 August 2024 2024 2023 Note Fixed assets Tangible fixed assets Current assets Debtors Cash at bank and in hand 16 308,973 339,152 17 22,480 223,188 245,668 (334,929) 41,215 129,524 170,739 (294,472) (89,261) (123,733) 219,712 215,419 219,712 215,419 Creditors: amounts falling due wlthin one year Net curreDt liabllltles 18 Total assets less current Ilabllities Net assets Funds of the charlty Unrestricted funds 219,712 219,712 215,419 215,419 Total ¢harlty funds 20 These fmancial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies, regime. These financial statements were approved by the board of trustees and authorised for issue on 30 June 2025, and are signed on behalf of the board by: Mr S Klor Trustee The notes on PAg¢$ 13 to 19 form purt of these finaneiil statements. li-
Torah Vodaas Limited Company Limited by Guarantee Statement of Cash Flows Year ended 31 August 2024 2024 2023 Cash flows from operating actlvllles Net income/{expenditure) Adjustmentsfor.. Depreciation of tangible fixed assets Accrued expenses/(income) Changes in.. Trade and other debtors Trade and other creditors 4293 (16,090) 77,244 600 84,788 {86,255) 18,735 39,857 140,729 140,729 (23,774) 98,808 57,477 Cash generated from operations Net cash from operating activities 57,477 Cash flows from Investing actlvities Purchase of tangible assets Net cash used in investing activilies (47,065) (47,065) (22,828) (22,828) Net Increase in eash and cash equlvalents Cash and cash equivalents gt beglnning of year Cash and cash equlvalents at end of year 93,664 129,524 223,188 34,649 94,875 129,524 The notes on pages 13 to 19 form part of these finan¢lal statements. -12-
Torah Vodaas Limited Company Limited by Guarantee Iyotes to the Financial Statements Year ended 31 August 2024 General Information The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is Torah Vodaas Primary School, Brent Park Road, London, NW9 7AJ. Statement of compliance These fmancial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in Éhe UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Companies Act 2006. Aeeountlng pollcles Basls of preparatlon The financial statements have been prepared on the historical cost basis. The fInancial statements are prepared in sterling, which is the functional currency of the entity. Torah Vodaas Limited Meets the definition of a public benefit entity under FRS 102 Going concern The Financial Statements have been prepared on a going concern basis which assumes Ihat the charity will continue in operational existence for the foreseeable future, The accounts show a deficit as at the balance sheet date. The validity of this assumption is therefore based upon the continued financial support from the community and the charity's loan creditors. The Trustees are of the opinion that such support will be forthcoming. Judgements and key sources of estlmatlon uncertalnty The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. There have been no material adjustments based on estimations and assumptions during the financial year, Fund accounting General unrestricted funds comprise the accumulated surplus or deficit on income and expenditure account. They are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity. Restricted funds are funds subject to specific restricted condition5 imposed by donors. There are no restricted funds as at th¢ Balance Sheet date. Designated funds are funds which have been set aside at the discretion of the Trustees for specifi¢ purposes. There are no designated funds as at the Balance Sheet date. 13-
Torah Vodaas Limited Company Limited by Guarantee Notes to the Financial Statements (eonliNu Year ended 31 August 2024 Aeeounting polities Incoming resources All income is included in the statement of financial activities when entitlement has passed to the charity, it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income: income from donations or grants is recognised upon receipt. legacy income is recogni5ed when receipt is probable and entitlement is established. income from parental contributions is recognised on an accruals basis. Resources expended Expenditure is charged on an accrual basis and allocated to the appropriate headings in the accounts. The majority of costs are directly attributable to specific activities. Costs incurred in respect of the charitable activities include elements of staff costs and attribulable support Costs. Support costs Support costs are those costs which are common to all areas of the organisation. These are allocated across all ar¢as of activity on the hH.si8 of the niimber of service users for each activity. Governance costs Govcrnancc costs are associated witli tlie goveriiaIiLe urrdngements of the charity and relate lo the general running of the charity. These costs include audit, legal advice fnr Tnistees and costs associated with meeting constitutional and statutory requirements such as the cost of Truste¢ meetings and the preparation of the statutory accounts, Tanglble assets All fixed assets are initially re¢orded at cost. Depreciatlon Depreciation is calculated so as to write off the cost or valuation of an asset, less it5 residual value, over the useful economic life of that asset as follows: Fixtures and fittings 20 % reducing balance Motor vehicles 20 % reducing balance Impairment of re assets A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amounl the asset is impaired accordingly. Prior impairnients are also reviewed for posslble reversal at each reporting date. -14-
Torah Voda&s Limited Company Limited by Guarantee Notes to the Financial Statements (eond4vMed) Year ended 31 August 2024 Accounting policies (tvhiimwdj Financial InstrumeDt5 A financial asset or a financial liability is recognised only when the entity becomes a paty to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs, unless the aangement constLtutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrurnent. Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Debt instruments are subsequently measured at amortised cost. Llmited by guydrantee The charity is a company limited by guarante¢ and has no share capital, The liability of each member in the event of winding up is limited to £1. Donatlons and legaeles Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Donations Donations received 1,243,865 1,243,865 1,284,586 1,284,586 Donations received include amounts totalling £73,824 (2023.. £106,381) received from Truste¢s and entities connected to them. Chgritable actlvltles Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Grants School income 522,262 604,296 1,126,558 522,262 604,296 557,281 481,430 1,038,711 557,281 481,430 1,126,558 1,038,711 Other income Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Rental income 10,000 10,000 10,000 10.000 15-
Torah Vod2as Limited Company Limited by Guarantee Notes to the Financial Statements (coftrfnuerf) Yvar ended 31 August 2024 Costs of raising donations and legacies Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Costs of raising donations and legacies - Donations 24.791 24,791 13,209 13,209 Expenditure on charltable actlvities by fund type Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Provision of education Support costs 2,325,344 25,995 2,351,339 2a25,344 25,995 2,309,900 2,309,900 26,278 26,278 2,336,178 2,336,178 2,351a39 10. xpenditure on charitable activltles by actlvlty type Aclivities undertaken directly Support Costs Total funds 2024 Total fund 2023 Provision of education Governance costs 2,325,344 3,838 22,157 25,995 2,329,182 22,157 2a51,339 2,312,531 23,647 2,336,178 2,325,344 11. Analysis ofsupport costs Provision of education Total 2024 Total 2023 Financ¢ ¢osts Governance costs 3,838 22,157 3,838 22,157 25,995 2,631 23,647 26,278 25,995 12, Net ineome/(expe.ndiliire) Nct incomcl(cxpenditure) is stated after ¢liargingl(¢rediting)'. 2024 2023 Depreciation of tangible fixed assets 77,244 84,788 13. Auditors rem uneration 2024 2023 Fees payable for the audit of the financial statements 6,600 7,800 16-
Torah Vodaas Limited Company Limited by Guarantee Notes to the Financial Statements (cotrthue Year ended 31 August 2024 14. Staff costs The total staff costs and employee benefits for the reporting period are analysed as follows: 2024 2023 Wages and salaries Social security Costs Employer contributions to pension plans 1,640,332 78,100 21,598 1,740,030 1,544,355 68,958 17,615 1,630,928 The average bead count of ¢mployees during the year was 134 (2023: 131). No employee received employee benefits of more than £60,000 during the year (2023: Nil). 15. Trustee remuneration and expenses No remuneration or other benefits from employment with the charity or a relat¢d entity were r¢¢¢ived by the trustees. 16. Tanglble flxed assets Fixtures and rittings Motor vehicles Total Cost At I September 2023 Additions 852,107 47,065 899,172 16,898 869,005 47,065 916,070 At 31 August 2024 Depreclation At I September 2023 Charge for the year At 31 August 2024 CArrylDg amount At 31 August 2024 At 31 August 2023 16,898 513.858 77,063 590,921 15,995 529,853 77,244 607,097 16,176 308,251 338,249 722 308,973 339,152 903 17. Debtors 2024 2023 Trade debtors Prepayments and accrued income Other debtors 5,400 17,080 5,000 16,077 20,138 22,480 41,215 17-
Torah Vodaas Limited Company Limited by Guarantee Notes to the Financial Statements (eonlinue Year ended 31 August 2024 18. Creditors: amounts falling due within one year 2024 2023 Trade creditors Accruals Social security and other taxes Other creditOTS 102,987 42,600 15,762 173,580 334,929 103,610 42,000 148,862 294,472 Other creditors include £25,000 (2023.. £25,000) duc to Memory Lane Care Homes Ltd, the director of which is a trustee of thi5 charity. Other ¢dItorS also include £20,000 (2023: £0) due to Torah Vochesed Buildings Limited, the director of which is a trustee of this charity. The loans are interest free and payable on demand. 19. Pensions and other post retlrement benefits Defined contrlbution plans The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £21,598 (2023: £17,615). 20. Analysis of charitable funds Unrestricled funds At I September 2023 At 31 August 2024 Income Expenditure General funds 215,419 2,380,423 (2,376,130) 219,712 At I September 2022 At 31 August 2023 Income Expenditure General ndS 231,509 2,333,297 (2.349.387) 215,419 18-
Torah Voda&8 Limited Company Limited by Guarantee Notes to the Finaneial Statements (conrfmue Year ended 31 August 2024 21. Analysis of Det assets between funds Unrestricted Total Funds Funds 2024 Tangible fixed assets Current assets Creditors less than l year Net a55ets 308,973 308,973 225,668 225,668 (314,929) (314,929) 219,712 219,712 Unrestricted Total Funds Funds 2023 Tangible fixed assets Current assets Creditors less than l year Net assets 339,152 339,152 170,739 170,739 (294,472) (294,472) 215,419 215,419 22. Analysis of ehanges in net debt At At I Sep 2023 Cash flows 31 Aug 2024 Cash at bank and in hand 129,524 93,664 223,188 23. Related partles Ther¢ are no related party transa¢tions other than as dis¢losed in th¢ notes. Th¢re are no related party transaction other than as disclosed in the not¢s. 19-