COMPANY REGISTRATION NUMBER: 5346506 CHARITY REGISTrATION NUMBEIL. 1109123 Oiraysa Limited Company Limited by Cuarantee Unaudited Finallcial Statements For the year ended 31 January 2024 COHEN ARNOLD Chartered accountants New Burlington House 1075 Finchley Road London NWII OPU
Oiraysa Limited CompaDy Limited by Guarantee Financial Statements Year ended 31 January 2024 Pag Trustees, annual report (incorporating the directols report) Ito2 Independent eaMiner'S report to the trustees Statement of financial activities (including income and expenditure account) Statement of financial position Notes to the financial statements 6toll
Oiraysa Limited Company Limited by Guarantee Trustees, Annual Report Oncorporating the Director's Report) Year ended 31 January 2024 The trustees, who are also the directors for the purposes of company lawg present their report and the unaudited financial statements of the charity for the year ended 31 January 2024. REFERENCE AND ADMtNISTRATIVE DETAILS Registered charity name Charity registration number Company registration number 5346506 Principal otTice 102 Darenth Road London N16 6ED Oiraysa Limited 1109123 Reglstered office New Burlington House 1075 Finchley Road London NWII OPU The trustees Mr Y Reichman Mr A Hoffinan Mrs H L Fuhrer Independent examiner Asher Sternlicht FCA Cohen Arnold New Burlington House 1075 Finchley Road London NWI I OPU STRUCTURE, GOVERNANCE AND MANAGEMEIYT The Charity is constituted as a Company Limited by Guarantee, and is therefore governed by its Memorandum and Articles of Association. The Trustees administer the day-to-day affairs of the Chartty. All Trustees give their time voluntarily and no benefit or expense wa5 paid to them in the year. It is not currently the intention of the Trustees of the Chlty to appoint new Trustees. Should the situation change in the futur¢, the Trustees will provide suitable recruitment training and induction procedures. RISK MANAGEMENT The Trustees have identified and reviewed the major risks to which the Charity is exposed, in particular those relatÉng to the operations and finances of the Charity, and are satisfied that the systems ar¢ in place to manag¢ those risks.
Oiraysa Limited Company Limited by Guarantee Trusteesl Annual Report Oncorporating the Director's Report) (eonllNHed) Year ended 31 January 2024 OBJECTIVES AND ACTIVITIES The Charity is established to promote any charitable purposes for the benefit of the members of the Orthixlox Jewish community and in particular the advancement of education and the relief of poverty, sickness, hardship and distress. The Trustees have established a Synagogue providing facilities for prayer, religious studies and communal activities as well as an advanced Theological College where students are able to study on a daily basis. The Charity utilised part of its incotne to make grants, the aggregate of which was £39,251. The Chariws income emanated principally from donations from other Charities. The Trustees confirni 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 and in planning future activities. ACHIEVEMEIYTS AND PERFORMANCE Daily services are held in the Synagogue and the college has attracted an average of 24 students. FIIYANCIAL REVIEW The financial position of the Charity is satisfactory. Income from donations aggregated £142,160. Total resources expended were £121,702 resulting in a net sUlUS of £20,458. The financial Tesults of the Charity's activities for the year to 31 January 2024 are fully reflected in the attached Financial Statements together with the Notes thereon. Reserves Policy It is the policy of the Charity to maintain unrestricted llds at a level which the Trustees consider appropriate after tsking account of its future commitments. PLANS FOR FUTURE PERIODS The Charity plans to continue the activities outlined above in the forthcoming years subject to satisfactory incoming resources. SMALL COMPANY PROVISIONS This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies cxemption. The trustees, annual report was approved on .4 trustees by: . NlthJU4Èkgr..Z(Ql4nd signed on behalf of the board of Mrs H L Fuhrer Trustee
Oiraysa Limited Company Limited by Guarantee Independent Examiner's Report to the Trustees of Oiraysa Limited Year ended 31 January 2024 I report to the trustees on my examination of the financial ststements of OiTaysa Limited ('the chlty,) for the year ended 31 January 2024. RESPONSIBILITIES AND BASIS OF REPORT As the trILStees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the fmancial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act,). Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and arc eligible for independent examinatio I rcport in respect of my examination of the charity's accounts as carried out under seclion 145 of the Charities Act 2011 ('the 2011 Ad.). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. INDEPENDENT EXAMINER'S STATEMENT I have Completed my examination. I confinn that no matters have come to my attention in connection with the examination giving me cause to believe: accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act. or the financial statements do not accord with those records. or the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair, view which is not a matter considered as part of an independent exarnination. or the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). I have no concems and have come across no other matters in connection with the examination to which attention should be drawn in this rert in order to enable a proper understanding of the accounts to be reached. Asher Sternlicht FCA Cohen Arnold Independent Examiner New Burlington House 1075 Finchley Road London NWII OPU
Oiraysa Limited Company Limited by Guarantee Statement of Financial Activities (including ineome and expenditure account) Year ended 31 January 2024 2024 Unrestrict¢d funds Total funds Tota] fLmds 2023 Note Income and endowments Donations and legacies Total income 142,160 142,160 142,160 82.130 142,160 82,130 Expenditure Expenditure on charitable activities Total expenditure (121,702) (121,702) (104,344) (121,702) (121,702) (104,344) Net incomel(expenditure) and net movement in funds 20,458 20,458 (22,214) Reconciliation of funds Total funds brought forward Total funds carried fOard 934,812 934,812 957.026 955,270 955,270 934,812 The statement of fll]ancial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The notes on pages 6 to 11 form part of these financial statements.
Oiraysa Limited Company Limited by Guarantee Statement of Financial Position 31 January 2024 2024 2023 Note Fixed assets Tangible fixed assets Creditors: amounts falling due withiD one year Net current liabilities 13 973,257 976,266 14 (17.987) (41,454) (17,987) 955270 (41,454) 934,812 Total assets less current liabilities Funds of the charity UDrestricted funds 955,270 934,812 Total charity funds 15 955,270 934.812 For the year ending 31 January 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors, responsibilities: The members have not required the company to obtain an audit of its financial statement5 for the year in question in accordance with section 476. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of fInan¢ial statements. These financial 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 p.!<Mkn,IqWnd are signed on behalf of the board by: offixan Mrs H L Fuhrer Trustee Trustce The notes on pages 6 to 11 forni part of ¢h¢se fJDancial sttement&
Oiraysa Limited Company Limited by Guarantee Notes to the Financial Statements Year ended 31 January 2024 General information The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wale5 and a rcgistered charity in England and Wales. The address of the registered office is New BuTlington House, 1075 Finchley Road, Londo NWI I OPU. Statement of compliance These financial 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 applicabl¢ in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Companies Act 2006. Accounting policies Basis of preparation The fmancial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment prnperties measured at fair value through income or expenditure. The financial statements are prepared in sterling, which is the functional currency of the entity. Going Concern Ther¢ are no material uncertainties about the charity's ability to continue. Any deficiency in funding will ultimately be met by the Trustees personally. Judgements and key sources of &81imation uncertainty The preparation of the financial statements requires management to make judgements, estimates and assuinptions that affect the amounts reported, These estimaies and judgements are continually reTriewed and are based on experience and oiher factors, including expeclations of future events that are believed to be reasonable under the circumstances. Fund accounting Unrestricted funds are available for use at the discretion of the trustees to fijrther any of the charity's purposes. Designated funds are unrestricted funds earmarked by the truste¢s for particular future project or commitment. Restricted funds are subjected to restrictions on their ¢xpenditure declared by the donor or through the ternis of an appeal, and fall into one of two sub-classes: rcstricted income funds or endowment funds. Incoming resources All incoming resources are included in the statement of financial activities when entitlement has P&8sed 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. Income from donations or grants is recognised when there is evidence of entitlement to the gilt receipt is probable and its amount can be measured reliably.
Oiraysa Limited Company Limited by Guarantee Notes to the Financial Statements (eort¢lNMed) Year ended 31 January 2024 Accounting policies (eonllnuedj Resources expended Expenditure is Tecognised as soon as there is a present obligation committing the Charity to pay out resources, it is probable that a transf¢r of economic benefits will be required in settlement and the amount can be measured or estimated reliably. Support costs Support costs are those costs which are common to all areas of the organisation. Thesc are allocated across all areas of activity on the basis of the number of service users for each activity. Governance costs Governance costs are associated with the governance arrangements of the charity and relate to the general nmning of the charity. These costs include audit, legal advice for Trustees and costs associated with meeting constitutional and statutory requirements such as the cost of Tn]ste¢ meetings and the preparation of the statutory accounts. Tangible a55ets Tangible assets are initially recorded at cost. and subsequently stated at cost less any accumulated depreciation and impairment. No depreciation is provided in respect of land and building on the basis that, in the opirllon of the Trustees, this accounting policy results in the Financial Statements giving a true and fair view. Depreciation Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value. over the useful economic life of that asset as follows: Fixtures and fittings 30 % reducing balance Equipment 200/0 straight line No depreciation is charged on the freehold land and buildings owned by the Charity. Impairment of red assets A review for indicators of impairn)ent is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. WheTe the carrying value exceeds the recoverable amount, the asset is impaired accordit]gly. Prior impairn]ents are also r¢viewed for possible reversal at each reporting date.
Oiraysa Limit Company Limited by Guarantee Notes to the Financial Statements (eontlnued) Year ended 31 January 2024 Accounting policies (eon¢lnMed) Financial instruments A fmancial asset or a financial liability is recognised only when the entity becomes a paty to the contractual PTovisions of the instrument. Basic fanCIal instruments initially recognised at the amount receivable or payable including any related transaction costs, unless the arrangement constitutes a fmancing transaction, where it is recogntsed at the present value of the futwe payments discounted at a market rate of interest for a similar debt instrument. Current ass¢ts and current liabilities are subsequently measured at the c&sh or other consideration expected to be paid or received and not discounted. Debt instruments are subsequently measured at amortised cost. Limited by guarantee The Company is limited by guantee. Donations and legaci&8 Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Donations Donations Received 142,160 142,160 82,130 82,130 No conditions were attached to any donations. Expenditure on charitable activities by fvnd type Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Grant funding activities Provision of Synagogue facilities for communal use Support costs 39,251 39,251 36.869 36.869 74,151 8,300 121,702 74,151 8JOO 62,301 5,174 104,344 62,301 5.174 121,702 104,344
Oirnysa Limited Company Limited by Guarantee Notes to the Financial Ststements (conlinued) Year ended 31 January 2024 Expenditure on charitable activities by aetivity type Activities undertaken directly Support costs Total funds 2024 Total fvnd 2023 Grant funding activities Provision of Synagogue facilities foT communal use Governance costs 39.251 39,251 36,869 74.151 74,151 8JOO 62,301 5,174 8,300 113,402 8,300 121,702 104,344 Analysis of grants 2024 2023 Grants to individuals 39251 36,869 Net incomel(expenditure) Net incomel(expenditure) is stated after charginyJ(crediting): 2024 2023 Depreciation of tangible fixed assets 4,541 5,363 10. Independent examination fees 2024 2023 Fees payable to the independent examiner for: Independent examination of the financial statements S970 2,820 11. Staff costs The total staff costs and employee benefits for the reporting period are analysed as follows: 2024 2023 Wages and salaTies 10,645 9.054 The average head count of employees during the year was l (2023: 1). No employee received employee benefits of more than £60,000 during the year (2023: Nil). 12. Trustee remuneration and expenses No Trustees have been paid any remuneration or received any other benefits from the charity.
Oiraysa Limited Company Limited by Guarantee Notes to the Financial Statements leoN¢inued) Year ended 31 January 2024 13. Tangible fixed assets Land and Fixtures and buildings fittings Equipment TotAI Fair value/Cost At l Febnwy 2023 Additions 963.715 7.810 24,525 1,532 996,050 1532 At 31 January 2024 Depreciation At l Fcbrnary 2023 Charge for the ye At 31 January 2024 Carrying amount At 31 January 2024 At 31 January 2023 963,715 7,810 26,057 997582 6,263 464 13,521 4,077 17,598 19,784 4.541 6,727 24,325 963.715 1,083 8,459 973257 976,266 963.715 1,547 11,004 14. Creditors: amounts falling due within one year 2024 2023 Bank loans and overdrafts Social security and other tsxes Other creditors 10,053 92 7,842 17,987 31,049 10,405 41,454 15. Analyshs of charitable funds Unrestricted funds At l February 2 023 At 31 January 2024 Income Expenditure General funds 934,812 142.160 (121,702) 955,270 At l February 2 022 At 31 January 2 023 Income Expenditure General funds 957,026 82,130 (104,344) 934,812 io
Oiraysa Limited Company Limited by Guarantee Notes to the Financial Statements (tthirfK14ed) Year ended 31 January 2024 I& Analysis of net assets between funds Unrestricted Totsl Funds Funds 2024 Tangible fixed assets Creditors less than l year Net assets 973,257 (17,987) 955.270 973,257 (17.98T) 955.270 Unrestricted Total Funds Funds 2023 Tangible fixed assets cUent assets Creditors less than l year Net assets 976,266 976,266 (41,454) 934,812 (41,454) 934,812 17. Related parties There have been no related paty transactions in the reporting period that require disclosure. li