Charity number: 1119479
FRIENDS OF MOSDOS TORAH VEYIRAH
UNAUDITED
TRUSTEES' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
FRIENDS OF MOSDOS TORAH VEYIRAH
CONTENTS
| Page | |
|---|---|
| Reference and administrative details of the charity, its Trustees and advisers | 1 |
| Trustees' report | 2 - 3 |
| Independent examiner's report | 4 |
| Statement of financial activities | 5 |
| Balance sheet | 6 |
| Notes to the financial statements | 7 - 10 |
FRIENDS OF MOSDOS TORAH VEYIRAH
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2025
Trustees Joseph Alexander Goldstein Chaskel Berger Charity registered number 1119479 Principal office 1st Floor Unit 1 Grosvenor Way London E5 9ND Accountants Wolffe Accountancy Services Ltd 34 Braydon Road London N16 6QB Bankers Barclays Bank plc 1 Churchill Place London E14 5HP
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FRIENDS OF MOSDOS TORAH VEYIRAH
TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2025
The Trustees present their annual report together with the financial statements of the charity for the 1 April 2024 to 31 March 2025.
Objectives and activities
Policies and objectives
The objects of the charity are the advancement of Orthodox Religious Jewish Education, the Orthodox Jewish Faith, and the relief of the poor, sick and feeble amongst persons of the Jewish faith in any part of the world. The trustees confirm that they have given due regard to the Charity Commission's guidance on public benefit
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
Grant-making policies
The Trustees shall hold the capital and income of the Trust Fund upon trust to apply the income and all or such parts of the capital at such time or times and in such manner as the Trustees may in their absolute discretion think fit for or towards such of the objects of the Charity as the Trustees may from time to time at their absolute discretion determine including payments by way of gift or loan (with or without interest) to individual persons in any part of the world provided that such persons qualify as objects of the Charity according to English law and in particular for the charitable activities of "Mosdos Torah Veyirah", an educational organisation in Israel.
Achievements and performance
Main achievements of the charity
Income from donations was £783,738 (2024 £919,664) and total resources expended were £678,632 (2024: £1,172,411) resulting in a surplus of £105,105 (2024:deficit of £252,747).
The financial results of the Charity's activities for the year to 31 March 2025 are fully reflected in the attached Financial Statement together with the Notes thereon.
Financial review
Going concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
Reserves policy
It is the policy of the Trustees to distribute grants as and when the need arises and thus no provision for future funding is applicable.
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FRIENDS OF MOSDOS TORAH VEYIRAH
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
Structure, governance and management
Constitution
Friends of Mosdos Torah Veyirah is a registered charity, number 1119479, and is constituted under a Trust deed.
Statement of Trustees' responsibilities
The Trustees are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial which give a true and fair view of the state of affairs of the charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles of the Charities SORP (FRS 102);
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make judgments and accounting estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the members of the board of Trustees on 22 January 2026 and signed on their behalf by:
................................................ Joseph Alexander Goldstein Trustee
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FRIENDS OF MOSDOS TORAH VEYIRAH
INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2025
Independent examiner's report to the Trustees of Friends of Mosdos Torah Veyirah ('the charity')
I report to the charity Trustees on my examination of the accounts of 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 accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
I report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed 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 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of FCCA, which is one of the listed bodies.
Your attention is drawn to the fact that the charity has prepared the accounts in accordance with 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) 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 been withdrawn.
I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
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:
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accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or
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the accounts do not accord with those records; or
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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.
Signed: Dated: 22 January 2026
Daniel Wolffe FCCA
34 Braydon Road London N16 6QB
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FRIENDS OF MOSDOS TORAH VEYIRAH
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025
| Note Income from: Donations and legacies 2 Total income Expenditure on: Charitable activities Other expenditure 3 Total expenditure Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward |
Unrestricted funds 2025 £ 783,738 783,738 677,598 1,035 678,633 105,105 (252,520) 105,105 (147,415) |
Total funds 2025 £ 783,738 783,738 677,598 1,035 678,633 105,105 (252,520) 105,105 (147,415) |
Total funds 2024 £ 919,664 919,664 1,172,263 148 1,172,411 (252,747) 227 (252,747) (252,520) |
|---|---|---|---|
The Statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 7 to 10 form part of these financial statements.
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FRIENDS OF MOSDOS TORAH VEYIRAH
BALANCE SHEET AS AT 31 MARCH 2025
| Note Fixed assets Current assets Cash at bank and in hand Current liabilities Creditors: amounts falling due within one year 6 Net current liabilities Total assets less current liabilities Net liabilities excluding pension asset Total net assets Charity funds Restricted funds Unrestricted funds Total funds |
39,325 39,325 (186,738) |
2025 £ - (147,413) (147,413) (147,413) (147,413) - (147,413) (147,413) |
223 223 (252,742) |
2024 £ - (252,519) (252,519) (252,519) (252,519) - (252,519) (252,519) |
|---|---|---|---|---|
The financial statements were approved and authorised for issue by the Trustees on 22 January 2026 and signed on their behalf by:
Chaskel Berger
Trustee
The notes on pages 7 to 10 form part of these financial statements.
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FRIENDS OF MOSDOS TORAH VEYIRAH
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1. Accounting policies
1.1 Basis of preparation of financial statements
The financial statements 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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
Friends of Mosdos Torah Veyirah meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
1.2 Income
All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
1.3 Expenditure
Expenditure on charitable activities is incurred on directly undertaking the activities which further the charity's objectives, as well as any associated support costs.
1.4 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
1.5 Liabilities and provisions
Liabilities 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.
2. Income from donations and legacies
| Unrestricted | Total | |
|---|---|---|
| funds | funds | |
| 2025 | 2025 | |
| £ | £ | |
| Donations | 783,738 | 783,738 |
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FRIENDS OF MOSDOS TORAH VEYIRAH
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
2. Income from donations and legacies (continued)
| Unrestricted | Total | |
|---|---|---|
| funds | funds | |
| 2024 | 2024 | |
| £ | £ | |
| Donations | 919,664 | 919,664 |
3. Other expenditure
| Unrestricted funds 2025 £ Bank charges 22 Accountancy fees 1,013 1,035 Unrestricted funds 2024 £ Bank charges 55 Accountancy fees 93 148 |
Total funds 2025 £ 22 1,013 |
|---|---|
| 1,035 | |
| Total funds 2024 £ 55 93 |
|
| 148 |
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FRIENDS OF MOSDOS TORAH VEYIRAH
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
4. Analysis of expenditure by activities
| Grants to Institutions Torah Veyirah, Israel Other Donations Grants to Institutions Torah Veyirah, Israel |
Grant funding of activities 2025 £ 646,468 31,130 677,598 Grant funding of activities 2024 £ 1,172,263 |
Total funds 2025 £ 646,468 31,130 |
|---|---|---|
| 677,598 | ||
| Total funds 2024 £ 1,172,263 |
5. Trustees' remuneration and expenses
During the year, no Trustees received any remuneration or other benefits (2024 - £NIL) .
During the year ended 31 March 2025, no Trustee expenses have been incurred (2024 - £NIL) .
6. Creditors: Amounts falling due within one year
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Other creditors | 186,738 | 252,742 |
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FRIENDS OF MOSDOS TORAH VEYIRAH
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
7. Analysis of net assets between funds
Analysis of net assets between funds - current year
| Unrestricted funds 2025 £ Current assets 39,325 Creditors due within one year (186,738) Total (147,413) |
Total funds 2025 £ 39,325 (186,738) (147,413) |
|---|---|
Analysis of net assets between funds - prior year
| Current assets Creditors due within one year Total |
Unrestricted funds 2024 £ 222 (252,742) (252,520) |
Total funds 2024 £ 222 (252,742) (252,520) |
|---|---|---|
8. Related party transactions
During the period under review, the charity received donations totalling £180,270 (2024: £67,715) from companies controlled by Mr C Berger, a trustee.
9. Controlling party
The charity is controlled by the trustees.
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