**Charity registration number 1108790 (England and Wales)** ## **FRIENDS OF YESHIVAS TORAH OHR** **ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025** ## **FRIENDS OF YESHIVAS TORAH OHR** ## **LEGAL AND ADMINISTRATIVE INFORMATION** **Trustees** Mr Philip Weinstein Mr Jack Emanuel Mr Jonathan Sanger **Charity number** 1108790 **Independent examiner** Michael Weissbraun, FCA Weissbraun Emanuel 220 The Vale London NW11 8SR **Bankers** CAF Bank 25 Kings Hill Avenue Kings Hill, West Malling Kent ME19 4JQ ## **FRIENDS OF YESHIVAS TORAH OHR** ## **CONTENTS** ||**Page**| |---|---| |Trustee's report|1 - 2| |Independent examiner's report|3| |Statement of financial activities|4| |Statement of financial position|5| |Notes to the financial statements|6 - 9| ## **FRIENDS OF YESHIVAS TORAH OHR** ## **TRUSTEE'S 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 Charities Act 2011 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 Charity's objects are the advancement of Orthodox Jewish religious education throughout the world and in particular by supporting the charitable activities of the college Yeshivas Torah Ohr, Rechov Sorotzkin, Mattersdorf. ## **Public benefit and future activities** The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the Charity should undertake. ## **Significant activities** The Charity continued to receive significant donations from individual and institution donors in the sum of £311,137 and made significant donation payments to Yeshivas Torah Ore in Israel in the sum of £297,750 during the financial year. ## **Going concern** The Trustees have made a full assessment of the internal and external factors that may affect these financial statements and do not redeem any material factors to have an impact of Charity's future and going concern. ## **Reserves Policy** It is the policy of the Charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the Charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year. The trustees have assessed the major risks to which the Charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks. ## **Structure, governance and management** The Charity is a legally registered charity no.1108790 constituted by a deed of trust. The Trustees who served during the year and up to the date of signature of the financial statements were: Mr Philip Weinstein Mr Jack Emanuel Mr Jonathan Sanger ## **Recruitment and appointment** The Charity's elected Trustees are appointed at an Annual General Meeting of the Charity on the basis of the Board's specifications concerning eligibility, personal competence, specialist skills, business and community knowledge and local availability. - 1 - ## **FRIENDS OF YESHIVAS TORAH OHR** ## **TRUSTEE'S REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_ The trustee's report was approved by the Board of Trustees. Mr Philip Weinstein **Trustee** 22 December 2025 - 2 - ## **FRIENDS OF YESHIVAS TORAH OHR** ## **INDEPENDENT EXAMINER'S REPORT** ## **TO THE TRUSTEES OF FRIENDS OF YESHIVAS TORAH OHR** I report to the trustees on my examination of the financial statements of FRIENDS OF YESHIVAS TORAH OHR (the Charity) for the year ended 31 March 2025. ## **Responsibilities and basis of report** As the trustees of the Charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011. I report in respect of my examination of the Charity’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(5)(b) of the 2011 Act. ## **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 the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies. Your attention is drawn to the fact that the charity has prepared the financial statements in accordance with the relevant version of the Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn. I understand that this has been done in order for the financial statements to provide a true and fair view in accordance with UK Generally Accepted Accounting Practice. 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: - 1 accounting records were not kept in respect of the Charity as required by section 130 of the Charities Act 2011. - 2 the financial statements do not accord with those records; or - 3 the financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements give a true and fair view, which is not a matter considered as part of an independent examination. 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. Michael Weissbraun, FCA 220 The Vale London NW11 8SR Dated: 22 December 2025 - 3 - ## **FRIENDS OF YESHIVAS TORAH OHR** ## **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**|311,137|267,922| |Investments|**3**|32|76| |**Total income**||311,169|267,998| |**Expenditure on:**|||| |Charitable activities|**4**|298,986|379,182| |**Total expenditure**||298,986|379,182| |**Net income/(expenditure) and movement in funds**||12,183|(111,184)| |**Reconciliation of funds:**|||| |Fund balances at 1 April 2024||12,227|123,411| |**Fund balances at 31 March 2025**||24,410|12,227| The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. - 4 - ## **FRIENDS OF YESHIVAS TORAH OHR** ## **STATEMENT OF FINANCIAL POSITION** ## _**AS AT 31 MARCH 2025**_ |**Notes**
**Current assets**
Cash at bank and in hand
**Current liabilities**
**10**
**Net current assets**
**The funds of the Charity**
Unrestricted funds
**11**|**2025**
**£**
25,310
(900)|**£**
24,410
24,410
24,410|**2024**
**£**
12,977
(750)|**£**
12,227| |---|---|---|---|---| |||||12,227| |||||12,227| The financial statements were approved by the trustees on 22 December 2025 Mr Philip Weinstein **Trustee** - 5 - ## **FRIENDS OF YESHIVAS TORAH OHR** ## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 MARCH 2025**_ ## **1 Accounting policies** ## **Charity information** Friends of Yeshivas Torah Ohr is a legally registered charity no. 1108790 constituted by a deed of trust. ## **1.1 Basis of preparation** The financial statements have been prepared in accordance with the Charity's Trust Deed, the Charities Act 2011 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)". The Charity is a Public Benefit Entity as defined by FRS 102. The Charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows. ## **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. Cash donations are recognised on receipt. Other donations are recognised once the Charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. ## **1.5 Expenditure** Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use. ## **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. - 6 - ## **FRIENDS OF YESHIVAS TORAH OHR** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_ ## **1 Accounting policies** **(Continued)** ## _**Basic financial assets**_ Financial assets classified as other financial assets are stated at fair value with any gains or losses arising on remeasurement recognised in profit or loss. The net gain or loss recognised in profit or loss includes any dividend or interest earned on the financial asset. ## _**Basic financial liabilities**_ Basic financial liabilities, including trade and other payables and bank loans 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 Foreign exchange** Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation are included in net income/(expenditure) for the period. ## **2 Income from donations and legacies** ||**Unrestricted**|**Unrestricted**| |---|---|---| ||**funds**|**funds**| ||**2025**|**2024**| ||**£**|**£**| |Donations and gifts|311,137|267,922| |**Income from investments**||| ||**Unrestricted**|**Unrestricted**| ||**funds**|**funds**| ||**2025**|**2024**| ||**£**|**£**| |Interest receivable|32|76| - **3 Income from investments** - 7 - ## **FRIENDS OF YESHIVAS TORAH OHR** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_ ## **4 Expenditure on charitable activities** |||**Charitable**|**Charitable**| |---|---|---|---| |||**Expenditure**|**Expenditure**| |||**2025**|**2024**| |||**£**|**£**| ||Charitable payments|297,749|378,101| ||**Share of support and governance costs (see note 5)**||| ||Support|337|331| ||Governance|900|750| |||298,986|379,182| ||**Analysis by fund**||| ||Unrestricted funds|298,986|379,182| |**5**|**Support costs allocated to activities**||| |||**2025**|**2024**| |||**£**|**£**| ||Bank charges|337|331| ||Accountancy|900|750| |||1,237|1,081| ||**Analysed between:**||| ||Charitable activities|1,237|1,081| |**6**|**Net movement in funds**|**2025**|**2024**| |||**£**|**£**| ||The net movement in funds is stated after charging/(crediting):||| ||Fees payable for the independent examination of the charity's financial||| ||statements|900|750| ## **7 Trustees** None of the trustees (or any persons connected with them) received any remuneration or benefits from the Charity during the year. ## **Trustees' Expenses** None of the Trustees (or any person connected with them) were repaid for any expenses incurred during the year. - 8 - ## **FRIENDS OF YESHIVAS TORAH OHR** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_ ## **8 Employees** The average monthly number of employees during the year was: ||**2025**|**2024**| |---|---|---| ||**Number**|**Number**| |Total|-|-| There were no employees whose annual remuneration was more than £60,000. ## **Remuneration of key management personnel** There was no remuneration for key management personnel ## **9 Taxation** The charity is exempt from taxation on its activities because all its income is applied for charitable purposes. ## **10 Current liabilities** ||**2025**|**2024**| |---|---|---| ||**£**|**£**| |Accruals and deferred income|900|750| ## **11 Unrestricted funds** The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes. ||**At 1 April**|**Incoming**|**Resources**|**At 31 March**| |---|---|---|---|---| ||**2024**|**resources**|**expended**|**2025**| ||**£**|**£**|**£**|**£**| |General funds|12,227|311,169|(298,986)|24,410| |**Previous year:**|**At 1 April**|**Incoming**|**Resources**|**At 31 March**| ||**2023**|**resources**|**expended**|**2024**| ||**£**|**£**|**£**|**£**| |General funds|123,411|267,998|(379,182)|12,227| ## **12 Related party transactions** There were no disclosable related party transactions during the year (2024 - none). - 9 -