Charity registration no.. 1103481
New Shul Charitable Trust IN.S.C.T.I
Trading As Kehilas Toras Chaim
Annual Report and Unaudited Financial Statements
For the Year Ended 31 August 2024

New Shul Charitable Trust IN.S.C.T.) I'the ChariW}
Table of Contents
Legal and Administrative Information
Trustees, report
Independent examinerfs report
Statement of financial activities
Statement of financial position
Notes to the financial statements
8-12

New Shul Charitable Trust (N.S.C.T.) I'the Chariw)
LEGAL AND ADMINISnlATIVE INFORMATION
Trustees
J Rees
D Minsky
A Morris
Charity number:
1103481
Principal address:
The New Hendon Bels Hamedrash
Capital House
Prestige Way
London
NW4 2EZ
Independent examiner:
Shaya Grosskopf FCA
Ig Accountants
Churchill House
137-139 Brent Street
NW4 4DJ

New Shul Charitable Trust IN.S.C.T.l {'the Charitw)
TRUSTEES. REPORT FOR THE YEAR ENDING 31 AUGUST 2024
The trustees present their report and financial statements for the year ended 31 August 2024.
Objectives and activities
The Charit￿$ objectives are to advance jewish education. Jewish religion, and other lawful charitable purposes. It
does this by the provision and maintenance of a community centre and synagogue for the purpose of worship,
conducting services and meetings, and the provision of educational facilities to provide for spiritual and religious
needs. Activities are carried out in accordance with the principles of traditional Orthodox Jewish laws and practices
and with applicable charitable law.
The trustees have had due regard to Chartty Commission guidance on public benefit and lawful charitable purposes
in deciding what activities the Charity should undertake.
Achievements and performance
During the year the synagogue operated daily to provide an Orthodox place of prayer. A religious educational
programme consisting of a weekly roster of events and lectures was delivered, with extra events to mark significant
moments. The charity also SUPPOrted other bodies with similar objects. During the year charitable grants of £15,650
12023- £23,843) were disbursed.
The trustees are indebted to the ChariWs Rabbinical Team and committee of volunteers who together manage day
to day activitie5 including organising prayer services and edutational events for adults and children.
Financial review
The Statement of Financial Activitie5 show5 a deficit of E45,821 for the year12023 Surplus of £5,358). E67012023..
£8101 of the expenditure in the year relates to depreciation, which is a non<ash expense. Unrestritted funds at 31
August 2024 were an accumulated deficit of £10.816 I2023= £35.005 accumulated surplus).
It is the aim of the charity that unrestricted funds which have not been designated for a specific use should be
maintained at a level between three and six months. expenditure. The trustees consider that re5erve5 at this level
will ensure that, in the event of a significant drop in fundin& they will be able to continue the charitvs current
activities while consideration is given to way5 in which additional fur)ds may be raised. Reserves have fallen below
the trustees. target level, and the trustees are taking Steps to restore the position.
The trustees haves a5se55ed the major risks to which the trust is exposed. and are satisfied that Systems are in place
to mitigate exposure to the major risks.
Structure. governance and management
The trust was established by a charitable trust deed on 29 January 2004.
The trustees who served during the year and up to the date of signature of the financial statements were:
J Rees
D Minsky
A Morris
Where the board of trustees perceive a need. new trustees are indurted by the board, and are provided with an
indurtion briefing.
The trustees. report was approved by the Board of Trustees.
D Minsky
Trustee
Dated 11 June 2025

New Shul Charitable Trust IN.S.C.T.l {'the Charitw)
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF NEW SHUL CHARITABLE TRUST (N.S.C.T)
I report to the trustees on my examination of the financial statements of New Shul Charitable Trust
IN.S.C.T.l {'the Trust'} for the year ended 31 August 2024.
Responsibilities and basic of report
As the trustees of the Trust you are responsible for the preparation of the financial statements in
accordance with requirements of the Charitie5 Act 20111'the 2011 Act'l.
I report in respect of my examination of the Trust's financial statements carried out under section
145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions
given by the Charity Commission under section 145{51(b) of the 2011 Act.
Independent examinerfs statement
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..
accounting records were not kept in respect of the trust as required by section 130 of the
2011 Act,. or
the financial statements do not accord with those record- or
the f inancial statements do not comply with the applicable requirements concerning the
form and content of accounts set out In the Charities {Accounts and Reports) Regulations
2008 other than any requirement that the accounts give a true and fair view which is not a
matter considered as part of an independent examination.
Attention is drawn to the material uncertainty identified by the trustees concerning the going
concern status of the charity disclosed in note 1.2.
I have no other concerns and have come across no 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.
Shaya Grosskopf FCA
Ig Accountants
Chartered Accountants
Churchill House
137-139 Brent Street
NW4 4DJ
11 June 2025

New Shul Charitable Trust IN.S.C.T.l {'the Charity'l
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDING 31 AUGUST 2024
Restricted
funds
2024
Unrestrirted
funds
2024
Total funds
Total
Funds
2023
2024
Income from:
Note
Donations and
legacies
Investment income
7,838
258,663
266,501
286,896
265
265
132
Total Income
7,838
258,928
266,766
287,028
Ex
enditure on:
Charitable activities
7,838
304.749
312,587
281,670
Total Expense
7,838
304,749
312,587
281,670
Net Idefitit} /
income for the year
and net movement
in funds
{45.821}
{45.821}
5.358
Fund balances at I
September 2023
35,005
35,005
29,647
Fund accumulated
(deficit)1 surplus at
31 August 2024
{10,816)
(10,816)
35,005

New Shul Charitable Trust IN.S.C.T.l {'the Charitw)
STATEMENT OF FINANCIAL POOSITION AS AT 31 AUGUST 2024
2024
2023
Note
Fixed assets
Tangible assets
2,008
2,426
Current assets
Debtors
Cash at bank and in hand
9,824
15,886
25.489
35,902
42,571
78,106
Creditors: amounts falling due within
one year
(38,534)
145,8941
Net current assets
{10.816)
32.579
Total assets less current liabilities
{10,816)
35,005
Funds of the charity
Unrestrirted and total funds
{10,816)
35,005
The financial statements were approved by the Trustees on 11 June 2025
p fy1,.4
D Minsky
Trustee

New Shul Charitable Trust IN.S.C.T.l {'the Charitw)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
l. Accountlng policles
Charity information
New Shul Charitable Trust IN.S.C.T.} I'the Charity'} is an unincorporated charitable trust
established by a trust deed on 29 January 2004.
1.1 Accounting convention
The financial statements have been prepared under the historical cost convention with
items recognised at cost or transaction value unless Otherwise stated in the relevant note to
these accounts. The financial statements have been prepared in accordance with the second
edition of the Charities Statement of Recommended Practice issued in Ottober 2019, the
Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS
1021 and the Charities Act 2011. The charity has availed itself of the exemption for smaller
entities from preparing a cashflow statement.
1.2 Going concern
Although the trustees have prepared the accounts using the going concern presumption and
consider it unlikely that the Charity will have to cease operations due to financial unviability,
the trustees identified that the deficit in the year of £45,821 in the accounting year and the
accumulated deficit of £11,455 as the year end give rise to a material uncertainty on the
ability of the charity to continue as going concern.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of
their charitable objectives. The charity has no restritted funds. being funds which are subject
to specific conditions set by the donors as to how they may be applied.
1.4 Income
Income is recognised when the trust is legally entitled to it. when the amount of income can
be reliably evaluated, and it is probable that the income will be received.
General donations and pledges are recognised on receipt. Membership subscriptions are
recognised over the course of the membership year. Gift aid tax refundable 15 recognised at
the time of the donation to which the refund pertains.
1.5 Expenditure
Resources expended are included in the financial statements when incurred. Expenditure on
charitable activities. Expenditure is allocated between direct expenditure on charitable
activities, and expenditure on governance costs. Support costs are allocated between the
costs based on an estimate of proportion of expenditure applicable to each.

New Shul Charitable Trust IN.S.C.T.l {'the Charity'l
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST Z024 (continued)
2 Donations and legacies
Restrirted
funds 2024
Unrestrirted
funds 2024
Total funds
2024
Total fund5
2023
Donations and
legacies received
7.838
258.663
266.501
286.896
Restricted funds received represents grants from the Community SecurityTrust. a UK
registered charity, which was designated to cover synagogue security costs.
3 Investment income
Unrestricted and
Total funds 2024
Total funds 2023
Bank interest
265
132
4 Expenditure on charitable activities
2024
Dirert charitable
expenditure
2,094
2024
Allocated
support costs
2024
Total
2023
Total
Bad and doubtful
debts
Depreciation
Bank charges
Charitable
expenditure
Administrative
expenditure
Grants made
Professional fees
2,094
1,950
670
670
987
267,596
810
1,063
227,881
987
267,596
5,428
5,428
6,583
19.300
19,300
17,985
314,060
23,843
19,540
281,670
17.985
24,400
289,660
Support costs have been allocated wholly to charitable expenditure reflecting the trustees,
estimate of the application of these expenses.
Grants totalling £10,650 {2023:£23.8431 were made to 512023.. 101 individual recipients and
£8,650 {2023: nil) to 3 charities in the financial year for the purpose of the alleviation of
poverty.
Restricted charitable expenditure of £7,83812023- £3,701) related to expenditure on
security costs.

New Shul Charitable Trust IN.S.C.T.l {'the Charity'l
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 (continued)
5 Trustees
During the year donations by the trustees to the Charity and expenses of the Charity paid for
by the trustees and reimbursed or credited to them. excluding regular membership
donations, were as follows-
2024
Donations
Expenses reimbursed
Total
5.516
312
2023
Donations
Expenses reimbursed
Total
7.403
Included in other creditors is an amount of £6,000 (2023: £2,000) advanced by Daniel
Minsky. a trustee of the charity, to the charity. which is interest free and repayable upon
demand.
6 Employees
The average monthly number of employees during the year was as follows
2024
2023
Average monthly number of employees
There were no employees whose annual remuneration was £60,000 or more.
io

New Shul Charitable Trust IN.S.C.T.l {'the Charity'l
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 (continued)
7 Tangible fixed assets
Fixture5. fittings
& equipment
Total
Cost
At I September 2023
Additions
At 31 August 2024
36.466
252
36,718
36,466
252
36,718
Depreciation
At I September 2022
Depreciation charged in the year
At 31 August 2024
34,040
670
34.710
34,040
670
34,710
Carrying amount
At 31 August 2023
At 31 August 2024
2.426
2,C(18
2,426
2,008
8 Debtors
2024
2023
Trade debtors
Other debtors
Prepayments and accrued income
5,535
2,816
1.473
20,535
15,367
9,824
35,902
Trade debtors are stated after a provision for bad and doubtful debt of £23,25012023'.
£21,157}.
9 Creditors: amounts falling due within one year
2024
2023
Trade creditor5
Other creditors
Taxes and social security
Accruals and deferred income
17.477
12.000
4,011
12.406
2,624
267
3,070
8,235
45,894
14,196
li

New Shul Charitable Trust IN.S.C.T.l {'the Charitw)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 (continued)
10 Operating leases
The total of future minimum lease payments under non-cancellable operating leases are as
follows:
2024
2023
Land and buildin
Not later than one year
Between one year and five years
60,000
8.494
1,660
Operating lease expenditure in the year was £52,87312023: £44,932).
11 Independent examinerfs remuneration
The independent examiner was not remunerated for his services in the current or prior year.
12