coTrtPANY REGISTRATION NUMBER: 5346506 CIL4RITY REGISTRATION NUMBER: 1109123 Oiraysa Limited Company Limited by Guarantee Unaudited Financial Statements For the year ended 31 January 2025 COHEN ARIYOLD Chartered accountants New Burlington House 1075 Finchley Road London NWI I OPU
Oiraysa Limited Company Limlted by Guarantee Financial Statements Year ended 31 January 2025 Pages Trustees, annual report (IncoOratIng the director's report) Ito3 Independent examiner's report to the trustees Statement of financial activities (including income and expenditure account) Statement of financial position Notes to the financial statements 7t012
Oiraysa Limited Company Limited by Guarantee Trustees, Annual Report Oncoryorating the Director's Report) Year ended 31 January 2025 The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 January 2025. REFERENCE AND ADMINISTRATIVE DETAILS Registered cbarity nanie Oiraysa Limited Charity registration number 1109123 Company registration number 5346506 Principal office 102 Darenth Road London N16 6ED Registered oifice New Burlington Hous¢ 1075 Finchley Road London NWII OPU The trustees Mr Y Reichman Mr A Hoffinan Mrs H L Fuhrer IDdependeDt exgdminer Asher Sternlicht FCA Cohen Arnold New Burlington House 1075 Finchley Road London NWII OPU STRUCTURE, GOVERNAIYCE AND MANAGEMENT The Charity is constituted as a Company Limited by Guarantee, and is therefore gov¢med by its Memorandum and Articles of Association. The Trustees administer the day-to-day affairs of the Charity. All Truste¢s give their time voluntarily and no benefit or expense was paid to them in the year. It is not currently the intention of the Trustees of the Charity to appoint new Trustees. Should the situation change in the future, the Trustees WAII provide suitable recruilment training and induction procedures. RISK MANAGEMENT The Trustees have identified and reviewed the major risks to which the Charity is exposed, in particular those relating to the operations and finances of the Charity, and are satisfied that the systems are in place to manage those risks.
Oiraysa Limited Company Limited by Guarantee Trustees, Annual Report (Incorporating the Directorls Report) (coAllnued) Year ended 31 January 21125 OBJECTIVES AND ACTIVITIES The Charity is established to promote any charitable puryoses for the benefIt of the members of the Orthodox 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 income to make grants, the aggregate of which was £36,173. The Charity's 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. Grant-MAking Policy Our charity is committed to supporting advanced Torah learning and community enrichment. The grant-making process ensures that funds are allocated transparently, equitably, and effectively to maximiz¢ their impact on Kollel scholars and their families. ACHIEVEMENTS AND PERF0RLTrNCE Daily services are held in the Synagogue and the college has attracted an average of 24 students. Fll¥ANCIAL REVIEW The financial position of the Charity is satisfactory. Income from donations aggregated £103,267. Total resources expended were £114,441 resulting in net expenditure of £11,174. The financial results of the Charity's activities for the year to 31 January 2025 are fully reflect¢d in the attached Financial Statements together with the Notes thereon. Reserves Policy It is the policy of the Charity to maintain unrestricted funds at a level which th¢ Trustees consider appropriate after taking 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 exemption.
Oiraysa Limited Company Limited by Guarantee Trnstees, Annual Report Oncorporating the Director's Report) fconÉlnue Year ended 31 January 2025 The trustees, annual report was approved on *. and signed on behalf of the b0d of trustees by: 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 2025 I report to the trustees on my examination of the financial statements of Oiraysa Limited ('the charity,) for the year ended 31 January 2025. RESPONSIBILITIES AM) BASIS OF REPORT As the trustees of the company (and also its directors for the pUoseS of company law) you are responsible for the preparation of the financial statements in accordance with the requirernents 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 are eligible for independent examination, I report in respect of my examination of the charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act,). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. llEPENDENT EXAMINER'S STATEMENT I have completed my examination. l confirni that no matters have come to rny attention in connection with the examination giving me cause to believe: accounting records were not k¢pt in respect of the charity a5 required by section 386 of the 2006 Act, or the financial ststements 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 examination. 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 R¢public of Ireland (FRS 102). 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 accounts to be reached. Asher Slei'nliclit 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 income and expenditure account) Year ended 31 January 2025 2025 Unrestrictcd funds Total funds Total funds 2024 Note Income and endowmeDts Donations and legacies Total income 103,267 103,267 103,267 142,160 103,267 142.160 Expenditure Expenditure on charitable activities Total expenditure (114.441) (114,441) (121,702) (114,441) (114,441) (121,702) Net (expenditure)lillcome and net movement in funds (11,174) (11,174) 20,458 Reconciliation of funds Total funds brought forward Total fuDds carried fornard 955,270 944,096 955,270 934,812 944,096 955,270 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The Dotes on pages 7 to IZ form part of these financial statements.
Oiraysa Limited Company Limited by Guarantee Statement of Financial Position 31 January 2025 2025 2024 Note Fixed assets Tangible fixed assets Creditors: amounts falling due within one year Net current liabillties 13 976,148 973,257 14 (32,052) (17.987) (32,052) 944,096 (17,987) 955,270 Total assets less current liabilities Funds of the charity Unrestricted funds 944,096 944,096 955,270 955.270 Total charity funds 15 For the year ending 31 January 2025 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 ststements 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 financial statements. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies, regime. These finaiicial stateinents were approved by tlie board of trustees and authorised for issu¢ on .hL'Vi:NgAc2.gand ar¢ signed on bel)alf of the board by: Mr A Hoffinan Trustee Mrs H L Fuhrer Trustee The notes on pages 7 to 12 form Part of these finaneial statements.
Oiraysa Limited Company Limited by Guarantee Notes to the Financial Statements Year eDded 31 January 2025 General illforn12tion The charity is a public benefit entity and a private Company limited by guarantee, registered in England and Walcs and a registered charity in England and Wales. The address of the registered office is New Burlington House, 1075 Finchley Road, London, NW I J OPU. Stalement 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 applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Companies Act 2006. Accounting policies Basis of preparation Th¢ financial ststements hav¢ been prepared on the historical cost basis, as modified by the revaluation of certain financial ass¢ts and liabilities and investment properties 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 There 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 estimatioD uncertainty 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 expectstions 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 further any of the charity's purpos¢s. Designated funds are unrestricted funds eannarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the tenns of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds. Incoming resources All incoming resources are included in the statement of financial actiVAties 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. Income from donations or grants is recOlis£d when there is evidence of cntitlement to the gift, receipt is probable and its amount can be measured reliably.
Oiraysa Limited Company Limited by Gllarantee Notes to the Financial Statements (conlinued) Year ended 31 January 2025 Accounting policies (eonlinued) Resources expended Expenditure is recognised as soon as there is a present obligation Cominitting the Charily to pay out resources, it is probable that a transfer 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. These 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 running 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 Trustee meetings and the preparation of the statutory accounts. Tangible assets Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depr¢ciation and impairnient. No depreciation is provided in respect of land and building on the basis that, in the opinion of the Trustees, this accounting policy results in the Financial Statements giving a true and fair view. DepreciatioD 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. Impalrment of fixed assets A review for indicators of impainnent is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairnients are also reviewed for possible reversal at each reporting date.
Oiraysa Limited Company Limited by Guarantee Notes to the Financial Statements (conrflmuedj Year ended 31 January 2025 Accounting policies (coniinued) Finaneial instruments A financial asset or a financial liability is recognised only when the entity becomes a paty to th¢ contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs, unless the arrangement constitutes 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 instrument. 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. Limited by guarantee The company is limited by guarantee. Donations And legacies Unrestricted Total Funds Unr¢stricted Total Funds Funds 2025 Funds 2024 Donations Donations Received 103,267 103267 142,160 142,160 No conditions were attached to any donations. Expenditure on charitable activities by fund type Unrestricted Total Funds Unr¢stricted Total Funds Funds 2025 Funds 2024 Grant funding activities Provision of Synagogue facilities for communal use Support costs 36,173 36,173 39,251 39,251 73,254 5,014 114,441 73,254 5,014 74,151 8,300 74,151 8,300 121,702 114,441 121,702
Oiraysa Limited Company Limited by Guarantee Notes to the Financial Statements (comllnue Year ended 31 January 2025 ExpeDditure on charitable activities by activity type Activities undertaken directly Support costs Total funds 2025 Total fund 2024 Grant funding activities Provision of Synagogue facilities for communal use Governance costs 36.173 36,173 39,251 73,254 73254 5,014 114,441 74,151 8,300 5,014 109,427 5,014 121,702 Analysis of grants 2025 2024 Grants to individuals 36,173 39,251 Net (expenditure)lincome Net (¢xpenditure)lincome is stated after chargingJ(crediting): 2025 2024 Depreciation of tsngible fixed assets 6,923 4,541 10. Independent examination fees 2025 2024 Fees payable to the independent examiner for: Independent examination of th¢ financial statements 3,240 3,140 11. Staff costs The total staff costs and employee benefits for the reporting period ar¢ analysed as follows: 2025 2024 Wages and salaries 10,645 The average head count of employees during the year was Nil (2024: 1). No employee received employee benefits of more than £60,000 during the year (2024: Nil). 12. Trustee remuneration and expeDses No Trustees have been paid any remunerdtion or received any other benefits from the charity. io
Oiraysa Limited Company Limited by Guarantee Notes to the Financial Statements (eonlinued) Year ended 31 January 2025 13. TangAble red assets Land and Fixtures and buildings flttings Equipment Total Fair value/Cost At l February 2024 Additions 963.715 7.810 7,187 14,997 26,057 2,627 99782 9,814 1,007?96 At 31 January 2025 Depreciation At l February 2024 Charge for the year At 31 January 2025 Carrying amount At 31 January 2025 At 31 January 2024 963,715 28,684 6.727 2,481 9,208 17,598 4,442 22,040 24J25 6,923 31,248 963,715 5,789 1,083 6,644 8,459 976,148 963,715 973,257 14. Creditors: amounts falling due within one year 2025 2024 Bank loans and overdrafts Social security and other taxes Other creditors 20,775 105 11,172 32,052 10,053 92 7,842 17,987 IS. ADalysls of charitable funds UDrestricted funds At l February 2024 At 31 January 2025 Income Expenditure General funds 955,270 103,267 (114,441) 944,096 At l February 2023 At 31 January 2024 Income Expenditure General funds 934,812 142,160 (121,702) 955,270 li
Oiraysa Limited Company Limited by Guarantee Notes to the Financial Statements (eondllue Year ended 31 January 2025 16. Analysis of net assets between funds Unrestricted Total Funds Funds 2025 Tangible fixed assets Creditors less than l year Net assets 976,148 (32.052) 944.096 976,148 (32,052) 944,096 Unrestricted Totsl Funds Funds 2024 Tangible fixed assets Creditors less than l year Net assets 973,257 (17,987) 955,270 973.257 (17,987) 955,270 17. Related partie8 There have b¢en no related paty transactions in the reporting period that require disclosure. 12