REGISTERED CHARITY NUMBER: 1113050
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
FOR
ICHUD TALMUDEI YESODEY HATORAH
Raffingers Holdings Limited Chartered Accountants 19-20 Bourne Court Southend Road Woodford Green Essex IG8 8HD
ICHUD TALMUDEI YESODEY HATORAH
CONTENTS OF THE FINANCIAL STATEMENTS for the year ended 31 March 2025
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | ||
| Notes to the Financial Statements | 6 | to | 10 |
ICHUD TALMUDEI YESODEY HATORAH
REPORT OF THE TRUSTEES for the year ended 31 March 2025
The trustees present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of 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
Objectives and aims
The charity's objects and principal activities are: a) The advancement of the Orthodox Jewish Religion,
b) The relief of poverty, sickness, infirmity and distress primarily but not exclusively amongst persons of the Jewish faith, and c) Such other purposes as may from time to time be charitable according to English law as the trustees of the charity shall determine.
Public benefit
The trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit and 'The Advancement of Religion for the Public Benefit' in particular, when reviewing the aim and objectives and in planning the charity's future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives set.
ACHIEVEMENTS AND PERFORMANCE
Charitable activities
In the year the charity made grants totalling £62,765 (2024: £44,335).
During the year the charity continued its support to the Yesodey Hatorah School, whilst also continuing its grants to local institutions and to needy individuals.
Although the charity had lower levels of activity when compared to the prior year, the trustees plan to continue the work of the charity in the coming year. The charity has the support of regular donors and other charities that are keen to support the charity's work.
Grantmaking policy
The trustees assess each of the applications made to them and consider their response based on the individual circumstances, the funds available, and the impact the grant will make in achieving the charity's goals. Where grants are made to charities and other organisations, consideration is given to the operational efficiency and reputation of the recipient charity and the ability of the donation to 'make a difference'.
FINANCIAL REVIEW
Reserves policy
The trustees have established the level of reserves (that is those funds that are freely available) that the charity ought to have. Reserves are needed to bridge the funding gaps between spending on activities and receiving resources through voluntary donations and grants. The trustees consider that the ideal level of reserves as at 31 March 2025 would be three months of resources expended. However the trust is operated as a grant giving charity, and the trustees' policy is to seek to distribute or commit the bulk of the income arising in each financial year.
The charity had negative free reserves of £31,082 at 31 March 2025 (£71,017 at 31 March 2024) and net reserves were in deficit position of £61,980. The trustees are considering ways in which further unrestricted funds may be raised.
FUTURE PLANS
The charity is planning to generate more income for the much needed grants that the charity makes.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
Page 1
ICHUD TALMUDEI YESODEY HATORAH
REPORT OF THE TRUSTEES
for the year ended 31 March 2025
STRUCTURE, GOVERNANCE AND MANAGEMENT
Recruitment and appointment of new trustees
New trustees are appointed due to their interest in the work of charity and their recognised experience in specific fields which will further support the work of the charity.
Organisational structure
The board of trustees administers the charity. The board meets quarterly.
Induction and training of new trustees
New trustees are given a full induction by the board of trustees. Trustees can retire when they wish as they do not serve under a fixed term of tenure.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number
1113050
Principal address
7 Fairholt Road London N16 5EN
Trustees
Y Pinter Y S Goldman
Independent Examiner
Raffingers Holdings Limited Chartered Accountants 19-20 Bourne Court Southend Road Woodford Green Essex IG8 8HD
Approved by order of the board of trustees on 19 February 2026 and signed on its behalf by:
Trustee
Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ICHUD TALMUDEI YESODEY HATORAH
Independent examiner's report to the trustees of Ichud Talmudei Yesodey Hatorah
I report to the charity trustees on my examination of the accounts of Ichud Talmudei Yesodey Hatorah (the Trust) for the year ended 31 March 2025.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material 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 Act; or
-
the accounts do not accord with those records; or
-
the accounts 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.
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.
Mr Yedidya Zaiden
Raffingers Holdings Limited Chartered Accountants 19-20 Bourne Court Southend Road Woodford Green Essex IG8 8HD
19 February 2026
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ICHUD TALMUDEI YESODEY HATORAH
STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 March 2025
| 2025 | 2024 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| INCOME AND ENDOWMENTS FROM | |||
| Donations and legacies | 73,762 | 44,923 | |
| EXPENDITURE ON | |||
| Charitable activities | 2 | ||
| Grants to individuals | 47,400 | 10,340 | |
| Grants to institutions | 15,365 | 33,995 | |
| Support costs | 1,960 | 3,626 | |
| Total | 64,725 | 47,961 | |
| NET INCOME/(EXPENDITURE) | 9,037 | (3,038) | |
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | (71,017) | (67,979) | |
| TOTAL FUNDS CARRIED FORWARD | (61,980) | (71,017) | |
| CONTINUING OPERATIONS |
All income and expenditure has arisen from continuing activities.
The notes form part of these financial statements
Page 4
ICHUD TALMUDEI YESODEY HATORAH
BALANCE SHEET
31 March 2025
| 2025 Unrestricted fund Notes £ FIXED ASSETS Tangible assets 7 - CURRENT ASSETS Debtors 8 10,108 Cash at bank 13,414 23,522 CREDITORS Amounts falling due within one year 9 (54,604) NET CURRENT ASSETS/(LIABILITIES) (31,082) TOTAL ASSETS LESS CURRENT LIABILITIES (31,082) CREDITORS Amounts falling due after more than one year 10 (30,898) NET ASSETS/(LIABILITIES) (61,980) FUNDS 12 Unrestricted funds (61,980) TOTAL FUNDS (61,980) |
2024 Total funds £ 9 10,108 43 10,151 (49,155) (39,004) (38,995) (32,022) (71,017) (71,017) (71,017) |
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 19 February 2026 and were signed on its behalf by:
Trustee
The notes form part of these financial statements
Page 5
ICHUD TALMUDEI YESODEY HATORAH
NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2025
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Assessment of going concern
The trustees have assessed whether the use of the going concern assumption is appropriate in preparing these accounts. The trustees have made this assessment in respect to a period of one year from the date of approval of these accounts.
The trustees of the charity have concluded that there are no material uncertainties related to events or conditions that may cast significant doubt on the ability of the charity to continue as going concern. The trustees are of the opinion that the charity will have sufficient resources to meet its liabilities as they fall due.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Charitable activities
Charitable activities comprise those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Governance costs
Governance costs comprise those costs associated with meeting the constitutional and strategic requirements of the charity and the audit fees and costs linked to the strategic management of the charity.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on reducing balance
Taxation
The entity is considered to pass the tests set out in Sch. 6, para. 1 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the entity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Pt. 11, Ch. 3 of the Corporation Tax Act 2010 or s. 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
continued...
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ICHUD TALMUDEI YESODEY HATORAH
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 March 2025
1. ACCOUNTING POLICIES - continued
Fund accounting
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Debtors
Debtors are recognised at their settlement amount, less any provision for non-recoverability. Prepayments are valued at amount prepaid.
Cash at bank and in hand
Cash at bank and in hand represents such accounts and instruments that are available on demand or have a maturity of less than three months form the date of acquisition. Deposits for more than three months but less than one year have been disclosed as short term deposits.
Creditors and provision
Creditors and provision are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Creditors and provision are recognised at the moment the charity anticipates it will pay to settle the debt. They have been discounted to the present value of the future cash payments where such discounting is material.
2. CHARITABLE ACTIVITIES COSTS
3.
| Grant funding of activities Support (see note costs (see 3) note 4) £ £ Grants to individuals 47,400 - Grants to institutions 15,365 - Support costs - 1,960 62,765 1,960 GRANTS PAYABLE 2025 £ Grants to individuals 47,400 Grants to institutions 15,365 62,765 |
Totals £ 47,400 15,365 1,960 64,725 2024 £ 10,340 33,995 44,335 |
|---|---|
Donations were paid to institutions whose objectives include the relief of poverty and advancement of the Jewish religion. Donations paid to individuals were in line with the objects of this charity.
continued...
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ICHUD TALMUDEI YESODEY HATORAH
NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2025
4.
SUPPORT COSTS
| SUPPORT COSTS | ||||
|---|---|---|---|---|
| Office | Governance | |||
| Management | expenditure | costs | Totals | |
| £ | £ | £ | £ | |
| Support costs | 751 | 9 | 1,200 | 1,960 |
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.
6. INDEPENDENT EXAMINERS FEES
The Independent Examiners fees for the year ended 31 March 2025 were £1,200 (2024: £3,000).
7. TANGIBLE FIXED ASSETS
8.
| TANGIBLE FIXED ASSETS | |
|---|---|
| COST At 1 April 2024 and 31 March 2025 |
Computer equipment £ 710 |
| DEPRECIATION At 1 April 2024 Charge for year |
701 9 |
| At 31 March 2025 | 710 |
| NET BOOK VALUE At 31 March 2025 |
- |
| At 31 March 2024 | 9 |
| DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 £ Other debtors 10,108 |
2024 £ 10,108 |
continued...
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ICHUD TALMUDEI YESODEY HATORAH
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 March 2025
| 9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
|---|---|---|---|---|
| 2025 | 2024 | |||
| £ | £ | |||
| Bank loans and overdrafts (see note 11) | 10,000 | 10,000 | ||
| Other creditors | 44,604 | 39,155 | ||
| 54,604 | 49,155 | |||
| 10. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN | ONE YEAR | ||
| Bank loans (see note 11) | 2025 £ 30,898 |
2024 £ 32,022 |
||
| 11. | LOANS | |||
| An analysis of the maturity of loans is given below: | ||||
| Amounts falling due within one year on demand: | 2025 £ |
2024 £ |
||
| Bank loans | 10,000 | 10,000 | ||
| Amounts falling between one and two years: | ||||
| Bank loans | 10,000 | 10,000 | ||
| Amounts falling due between two and five years: | ||||
| Bank loans | 20,898 | 22,022 | ||
| 12. | MOVEMENT IN FUNDS | |||
| Unrestricted funds | At 1.4.24 £ |
Net movement in funds £ |
At 31.3.25 £ |
|
| General fund | (71,017) | 9,037 | (61,980) | |
| TOTAL FUNDS | (71,017) | 9,037 | (61,980) | |
| Net movement in funds, included in the above are as follows: | ||||
| Unrestricted funds | Incoming resources £ |
Resources expended £ |
Movement in funds £ |
|
| General fund | 73,762 | (64,725) | 9,037 | |
| TOTAL FUNDS | 73,762 | (64,725) | 9,037 |
continued...
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ICHUD TALMUDEI YESODEY HATORAH
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 March 2025
12. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.4.23 | in funds | 31.3.24 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | (67,979) | (3,038) | (71,017) |
| TOTAL FUNDS | (67,979) | (3,038) | (71,017) |
| Comparative net movement in funds, included in the above are as follows: | |||
| Unrestricted funds | Incoming resources £ |
Resources expended £ |
Movement in funds £ |
| General fund | 44,923 | (47,961) | (3,038) |
| TOTAL FUNDS | 44,923 | (47,961) | (3,038) |
13. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2025 or 31 March 2024.
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