Friends of Yeshivat Lomdei Torah
Report
and
Financial
Statements
For The Year Ended
31 December 2023
Charity Number
1119993
Friends of Yeshivat Lomdei Torah
| Contents | |
|---|---|
| Page | |
| Legal and Administrative Information | 1 |
| Report of The Trustees | 2 and 3 |
| Statement Of Financial Activities | 4 |
| Balance Sheet | 5 |
| Notes forming part of the financial statements | 6 to 8 |
| Independent Examiner's Report | 9 |
| Accountants Report | 8 |
Friends of Yeshivat Lomdei Torah
Administration Address
25 Fairholme Gardens London N3 3ED
Trustees
Mr. Ben Cohen
Charity Number 1119993
Bankers
Nat West Bank
Independent Examiner C Rosen & Co
Page 1
Friends of Yeshivat Lomdei Torah Report of the Trustees
Trustee's Report
The Trustees present their annual report, together with the unaudited financial statements of the Charity for the Year Ended 31 December 2023.
Status and Administration
The Charity, constituted by trust deed, dated 2nd July 2007, and is a Registered Charity. The Date of Registration was 10th July 2007.
Charitable Objects
The objects of the Charity are
-
1) The advancement of the Orthodox Jewish Faith
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2) The advancement of Orthodox Jewish religious education
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3) the relief of poverty sickness and infirmity amongst members of the Jewish Faith and
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4) such other purposes as are charitable according to English Law
The above objects were continued with during the year.
Trustees
The Trustee in office throughout the year was Mr. Ben Cohen
Reserves Policy
The trustee retains reserves as necessary and where appropriate, consolidate funds in order to make more substantial grants which they feel to be appropriate.
Page 2
Friends of Yeshivat Lomdei Torah
Report of the Trustees
(Continued)
Charity Law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the Balance Sheet Date, and of its incoming resources, including income and expenditure for the financial year.
In preparing those financial statements, the Trustees should follow best practice and
a. Select suitable accounting policies and the apply them consistently.
b. Make judgements and estimates that are reasonable and prudent.
c. Follow applicable accounting standards and the Charities SORP 2015, disclosing and explaining any departures in the financial statements.
d. Prepare the financial statements on the going concern basis unless it is inappropriate to assume that the charity will continue in operation.
The Trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them as Trustees to ensure that the financial statements comply with the Charity Law.
The Trustees are also responsible for safeguarding the charity's assets and hence for taking reasonable steps for the prevention and detection of fraud and other regularities.
Board Of Trustees
The members of the Board Of Trustees are set out on Page 1.
Political and Charitable Donations
During the year, the Charity made grants and donations of £48,684 (2022 £61,670) Approved by The Trustees of Friends of Yeshivat Lomdei Torah on 1 October 2024, and signed on behalf of them all.
Mr. Ben Cohen Trustee
Page 3
Friends of Yeshivat Lomdei Torah
Statement Of Financial Activities
For The Year Ended 31 December 2023
| Notes | Restricted | Restricted | Unrestricted | 2023 | 2022 | |
|---|---|---|---|---|---|---|
| Funds | Funds | Total Funds | Total Funds | |||
| £ | £ | £ | £ | |||
| INCOMING RESOURCES | ||||||
| Incoming Resources to further the | Charity's Objects | |||||
| Unrestricted Incoming Resources-Donations | ||||||
| Local Donations | 0 | 43,627 | 43,627 | 61,356 | ||
| Total Grants and Donations |
2 | 0 | 43,627 | 43,627 | 61,356 | |
| Investment Income and Interest | 3 | 0 | 0 | 0 | 0 | |
| 0 | 43,627 | 43,627 | 61,356 | |||
| Donations | 0 | 0 | 0 | |||
| Total Incoming Resources | 0 | 43,627 | 43,627 | 61,356 | ||
| RESOURCES EXPENDED | ||||||
| Costs of Generating Funds | ||||||
| Fund Raising Costs | 0 | 0 | 0 | 650 | ||
| Net Incoming Resources Available | ||||||
| For Charitable Activities | 0 | 43,627 | 43,627 | 60,706 | ||
| Charitable Expenditure | ||||||
| Transport Schemes | 4 | 0 | 48,684 | 48,684 | 61,670 | |
| Governance Costs | 5 | 0 | 255 | 255 | 240 | |
| Total Charitable Expenditure | 0 | 48,939 | 48,939 | 61,910 | ||
| Total Resources Expended | 4 | 0 | 48,939 | 48,939 | 62,560 | |
| Net Movement In Funds | 0 | (5,312) | (5,312) | (1,204) | ||
| Total Funds at Brought Forward |
0 | 612 | 612 | 1,816 | ||
| Total Funds at Carried Forward |
8 | £ | 0 | £ (4,700) | £ (4,700) | £ 612 |
Page 4
Friends of Yeshivat Lomdei Torah
Balance Sheet at 31 December 2023
| Notes | 2023 | 2022 | 2022 | |
|---|---|---|---|---|
| £ | £ | |||
| Fixed Assets | ||||
| Current Assets | ||||
| Debtors | 6 | 5,000 | 0 | |
| Cash at Bank and in Hand | 300 | 612 | ||
| 5,300 | 612 | |||
| Net Current Assets | (4,700) | 612 | ||
| Total Assets less Current Liabilities | (4,700) | 612 | ||
| Net Assets | 7 | £ (4,700) | **£ ** | 612 |
| Unrestricted Funds | 8 | (4,700) | 612 | |
| Total Funds | 7 | £ (4,700) | **£ ** | 612 |
Approved by the Trustees on 1 October 2024, and signed on behalf of them all.
Mr. Ben Cohen Trustee
The notes on pages 6 and 7 form part of these accounts.
Page 5
Friends of Yeshivat Lomdei Torah
Notes To The Accounts - 31 December 2023
1) Principal Accounting Policies
Basis of Accounting
The Accounts have been prepared under the historical cost convention in accordance with the Charities Act (Accounts and Reports) 2011, and the Financial Reporting Standard for Smaller Entities 102, and follow the recommendations in Accounting and Reporting By Charities: Statement of Recommended Practice (effective from April 2015).
Cash Flow
The accounts do not include a cash flow statement because the charity as a small reporting entity is exempt from the requirement to prepare such a statement.
Donations and Fund Accounting
Donations received for the general and main purposes of the Charity are included as unrestricted funds, in the Statement of Financial Activities when receivable.
Donations and Grants for activities restricted by the donors are taken to restricted funds if the wishes and conditions of the donor are legally binding on the Trustees.
Resources Expended
Resources expended are accounted for on an accruals basis. Certain expenditure is apportioned to cost categories based on estimated amount attributable to that activity in the year. These estimates are based on the time and level of activity as appropriate.
Management and administration costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.
The irrecoverable element of VAT is included with the item of expense to which it relates.
| 2) Incoming Resources Local Donations 43,627 Lectures 0 Total Unrestricted Incoming Resources-Donations 3) Investment Income Interest Received Total Donations |
2023 £ 61,356 0 £ 43,627 £ 43,627 £ 0 |
2022 £ £ 61,356 |
|---|---|---|
| £ 61,356 | ||
| £ 0 |
Page 6
Friends of Yeshivat Lomdei Torah
Notes To The Accounts - 31 December 2023
4) Analysis of Total Resources Expended
Transport Schemes
Transport Schemes |
||||||
|---|---|---|---|---|---|---|
| Total For The Charity Total Cost of Furthering Charitable Objects Advertising Gifts and Donations Lecturer Fees Transport |
£ Restricted 0 0 0 0 0 £ 0 |
£ Unrestricted 0 32,965 0 15,719 48,684 £ 48,684 |
2023 £ Total 0 32,965 0 15,719 48,684 £ 48,684 |
2022 £ Total 0 52,380 0 9,290 61,670 £ 61,670 |
£ Restricted 0 0 0 0 0 £ 0 |
£ Unrestricted 0 0 0 0 0 £ 0 |
Page 7
Friends of Yeshivat Lomdei Torah
Notes To The Accounts - 31 December 2023
| 2023 | 2022 | 2022 | |||||||
|---|---|---|---|---|---|---|---|---|---|
| **5) ** | Governance Costs | £ | £ | ||||||
| Accountancy | 0 | 0 | |||||||
| Bank Charges | 255 | 240 | |||||||
| Professional Fees for Set Up | 0 | 0 | |||||||
| Sundry Expenses | 0 | 0 | |||||||
| £ 255 | **£ ** | 240 | |||||||
| **6) ** | Debtors | 2023 | 2022 | ||||||
| £ | £ | ||||||||
| Loan Debtors | £ 5,000 | **£ ** | 0 | ||||||
| **6) ** | Creditors: | 2023 | 2022 | ||||||
| Amounts falling due within one year | £ | £ | |||||||
| 10,000 | 0 | ||||||||
| 10,000 | 0 | ||||||||
| Accruals | 0 | 0 | |||||||
| £ 10,000 | **£ ** | 0 | |||||||
| Taxation and Social Security | |||||||||
| **7) ** | Net Assets of The Charity's Funds | ||||||||
| Fixed | Net Current | Fund | |||||||
| Assets | Assets | Balances | |||||||
| /(Liabilities) | |||||||||
| £ | £ | ||||||||
| Restricted Funds | 0 | 0 | 0 | ||||||
| Unrestricted Funds | 0 | (4,700) | (4,700) | ||||||
| Total Funds | **£ ** | 0 | £(4,700) | £(4,700) |
8) Unrestricted FundMovements In The Year
| Balance at | Funds | Balance at | |||||
|---|---|---|---|---|---|---|---|
| 31 December 2022 | Income | Expended | Designated | 31 December | 2023 | ||
| £ | £ | £ | £ | ||||
| General Reserve 612 |
43,627 | 48,939 | 0 | (4,700) | |||
| Total Funds £ 612 |
£ 43,627 | £ 48,939 | **£ ** | 0 | £(4,700) | ||
| 9) | The average number of Employees | during the year, on a full time equivalent | 2023 |
2022 | |||
| basis was | 0 | 0 |
10) Related Party Transactions
No trustee nor any person connected with them received any remuneration, or claimed any expense, during the year, from this or any related Charity.
There were no Related Party Transactions in the Year.
Page 8
Independent Exmainer's Report to the Trustees on the Unaudited Accounts of the Charity Friends of Yeshivat Lomdei Torah
We report on the financial statements of Friends of Friends of Yeshivat Lomdei Torah for the year ende31 December 2023 which comprise the Statement of Financial Activities, the Balance Sheet and the related notes. These financial statements have been prepared, under the historical cost convention, and in accordance with the recommendations in Accounting and Reporting By Charities: Statement of Recommended Practice (Issued 2015), and the Financial Reporting Standard for Smaller Entities 102 (effective 2016), and the accounting policies set out therein.
Respective Responsibilities Of Trustees and Independent Examiner
As described on page 3, the trustees of the charity are responsible for the preparation of the accounts, and they consider that the audit requirement of section 144 of the Charities Act 2011 (the Act) does not apply. It is our responsibility to state, on the basis of procedures specified in the General Directions given by the Charity Commissioners under section 144 of the Act, whether particular matters have come to our attention.
Basis of Independent Examiner's Report
Our examination was carried out in accordance with the General Directions given by the Charity Commissioners.
An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. These procedures provide only the assurance expressed in our opinion.
The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently we do not express an audit opinion on the view given by the accounts.
Opinion
In our opinion, no matter has come to our attention,
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1) which gives us reasonable cause to believe that, in any material respect, the requirements a) to keep accounting records in accordance with section 130 of the Act; and
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b) to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act have not been met; or
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2) to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Date 1 October 2024
Independent Exmainer
C Rosen & Co
Page 9