Shaarei Orah Limited
(A Company Limited by Guarantee)
Company No. 06807305
Charity No. 1133528
Report and financial statements
For the year ended
28th February 2023

Shaarei Orah Limited
For the year ended 28 February 2023
Contents
Page
Reference and admlnlstratlve informalion
Trustees, annual report
Indopendent auditors. report
Statement of flnancial activities
{incorporating an income and expenditure account)
Balance sheet
10
Statement of cash flows
11
Notes to the financial statements
12-19

Shaarei Orah Limited
Reference and admlnlstrative information
For the year ended 28 February 2023
Trustees:
M M Frankel
J Hager
E Sternlicht
Company number:
06807305
Charity number:
1133528
Registered office..
14 Hillcrest Avenue. London, NW11 OEN
Auditors:
Goldwins Limited
75 Maygrove Road
West Hampstead
London NW6 2EG
www.goldwins.co.uk
Bankers
Natwesl
250 Bishopsgale
London
EC2M 4AA
Pagel I

Shaarei Orah Limited
Trustees, report
For the year ended 28 February 2023
The Iruslees who are also directors of the ch8rily for the purposes of thè Companies Act 2006.
present their report and financial statements for the year ended 28 February 2023.
The Iruslees confirm that the financial statements comply with current slatulory requirements, the
memorandum and articles ofassooiation and the Statement of Recommended Pradice- Accounting
and Reporting by Charities: SORP applicable lo charities preparing their accounts in accordance
with FRS 102 (effective 1 January 2019).
Objectives and activities
The principal objectlves of the charlty are:
the advancemenl of the orthodox Jewish faith and orthodox Jewish education in
particular (but nol exclusively) by establishing maintaining and managing a Talmudical
college for boys of the Orthodox Jewish faith in North Wesl London known as "Shaarei
Orah institule"
the relief of poverty, sickness and infirmity amongst th8 public at large for the public
benefil, and
the advancement of such other objects as are for Ihe benefit of the public and are
charitable according to English law.
Public benefit
The Irustees continuo to operate within th6 confines of the charity objectives namely tha relief of
poverty by providing grants in respect of the advancement of Jewish education.
Where the trustees make grants lo institutions, they slipulale how these monies should be spent and
constantly monitor Ihe effectiveness of the allocation of the resources extended through the grant
funding.
The Iruslees are of the opinion that this latter method of funding combines both objectives of thè
charity such that through the grants to the institution. sludents who are partly able or unable to pay
their fees, are also assisted.
The charity's trustees have continued to comply with their duty to have due regard lo the guidan
on public benefit as published by the Charity Commission when exercising their powers or duties.
Achievements and performance
During the year, the charily has Continued lo operate the Shaarei Orah Instilule. Shaarei Orah
enables Torah observant youth who are seeking recognised and accredited secular qualifications to
maintain their Torah learning in a secure environment. The organisalion combines a Bels
Hamedrash Programme to allow the sludenls to continue to develop theirTalmudical studies and an
Academic Study Cenlre. Full detalls of the organisation's aclivilies can be found on the web site at
hllp-.Ilshaarei-orah.org.
During the year, funding was provided by voluntary contributions requested from the students and
donations from local individuals, businesses and charitable instilulions.
The Iruslees are exceplionally grateful to all of the organisalions and individuals for their continued
support of tho charity. The plans for Ihe coming financial year are very ambilious bul the trustees
are working h8rd lo ensure that financial supporters are kept informed of the charily's progress and
the funds pledged for the year will allow the trustees to carry out their plans.

Shaarei Orah Limited
Trustees, report
For the year ended 28 February 2023
Flnancial review
Flnanclal position
The Slalement of Financial Activities shows deficit for the year of £8.322 (2022 Deficit.. £13,347) and
lolal funds carried forward of £28,354 (2022.. £36,676). There were no restricted funds as at the year
end.
Prlnclpal fundlng sources
The Charity continues lo be dependant on voluntary donations.
Investment pollcy
The charily currently has a bank current account which was opened after the period end. These are
the only inveslmenls to which the charlty has tille.
Reserves pollcy
The reseNes policy lakes into account the need lo deal with short-term volalilily of income without
having lo suddenly cul expenditure.
The trustees would aim to retain funds equivalent to 3-6 months expenditure to take account of any
potential short fall in donations in future. The reserves policy and larget level are reviewed by Iho
trustees on an annual basis, together with any steps necessary lo align the actual level with the
target over time.
Going concern
The trustees believe that there are no material uncertainties that call into doubt the charily's ability
to continue ils activities. The accounts have therefore been prepared on the basis Ihat the charity is
a going concern.
Plans for Ihe future
We are confident that our supporters will provide us with contributions at a level to support the objects
of the charity.
structure, governance and management
Governing document
The charity is controlled by its governing documant. a memorandum and articles of association, and
constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
The Charity is registered with the Charity Commission.
The Charity is organised so that the Directors and Trustees meet regularly lo manage its affairs.
Recrultment and appointment of new Irustees
All Directors of the company are also Trustees of the Charity, and there are no other Trustees. All of
the Trustees named above seNed throughout tho year. The Board has the power to appoinl
additional truste8s as it considers fit to do so.
Grant and Donatlon Maklng Policy
To act according to the charity's objects as detailed about in the "Constilutlon and Objects of the
Charity" section. The trustees meat monlhly lo discuss the progress of the charity and future plans
for Ihe coming months.
The trustees make donations lo institutions Ihat are able to provide seNices lo Ihe community thal
they feel unable or unqualified to provide, bul that fall within the objects of the charity. All grants and
donations rnade must bo approved by the majority of the Ifustees, however, in almost all oGcasions,
the trustees will not make a grant or donation if there is an objection by any of the Iruslees.

Shaarei Orah Limited
Trustees, report
For the year ended 28 February 2023
Related parties
There were no related parties during the year {2022- None)
Rlsk management
The Iruslees regularly undertake a review of the major risks to which the charity is exposed, and
systems designed to mitigate those rlsks are considered on an ongoing basis.
There are two major risks that the trustees have identifies, as follows..
(a) Fall in the level of donations
The level of donations is fundamental to the operatlon of the charity. Given that the charity is
relatively new, the consistency of donations is of major importance. The trustees are making every
effort to increase the number of donors by seeking support from the local community in an attempt
to reduce their current reliance on a few key donors.
The trustees also make every effort lo keep in regular contact with Ihoirdonors so Ihal they are able
to see the difference that their conlributions are making.
(b) Misappropriation of funds
The control of funds is key lo any charity. As mentioned previously, the trustees meet monthly and
discuss progress. This ensures that all expenses paid out from the charily are le911imate. The
trustees decided that since they are having an independent examination, any misapproprialion of
funds should also come to lighl at that time.
Since the banking arrangements ensure that only the trustees have access to the bank account, this
also redu￿$ risk of misappropriation.
DECLARATION OF PUBLIC BENEFIT
The Trustees have considered the Charity Commission's general guidance on public benefit in
deciding what activities the charity should undertake.
The 'Objectives and Aclivilies, section explains tho charitws activities which are open to anyone of
the Orthodox Jewish faith.
statement of responsibilities of the trustees
The trustees (who are also directors of a charilable company for the purposes of company law) are
responsible for preparing thè trustees, annual report and the financial statements in accordance with
applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted
Accounting Practice}.
Company law requires the Iruslees to prepare financlal statements for each financial year which giva
a true and fair view of the slate of affairs of the charitable company and of the incoming resources
and application of resources. including the income and expenditure, of the charilable company for
that period. In preparing these financial stalements, the Irustees are required to..
•Select suitable accounting policies and then apply them consistently
•Observe the methods and principles in the Charities SORP
•Make judgements and estimates that are reasonable and prudent

Shaarei Orah Limited
Trustees, report
For the year ended 28 February 2023
Stale whether applicable UK Accounllng Standards and slatements of recommended
practice have been followed, subject to any material departures disclosed and explained in
the financial slalemenls
Prepare the financial statements on the going concern basis unless it is inapproprlate to
presume that the charity will continue in operation
The trustees are responsible for keeping proper accounting records that disclose wilh reasonable
accuracy al any lime the financial position of the charitable company and enable them to ensure Ihal
the financial slalements comply with the Companies Act 2006. They are also responsible for
safeguarding the assets of the charitable company and hence for taking reasonable steps for the
prevention and deleclion of fraud and olher irregularilios.
statement as to disclosurè to our auditors
In so far as Ihe trustees are aware:
•There is no relevant audit information of which the charitable company's auditors are unaw8re'
and
•The truslees have taken all steps that they ought to have taken to make themselves aware of
any relevant audit information and to establish that the auditors are aware of that information.
Auditors
Goldwins Limited were appointed as the auditors of Ihe ch8rilable compar7y during the year and
have expressed their willingness to continue in that capacity.
The Irustees, annual report has been approved by the trustees on
signed on their behalf by.,
14 Feb 2024
and
E Sternlicht
Trustee

INDEI PEI NDENT AUDITOR'S REPORT TO THE MEMBEI RS or SHAAREI ORAH
LIMITII D
Oplillon
We l)avc aLEdiled Ilic fii)ancial sÉateiiicnls of Sl)#arei Oi'ali Liiniled (Ilie 'Chai'ily') for Ilie yeai. ei)d¢d
28, Febniary 2023 wl)icl) coiiiijrise Ilic Stalciiieiil of Fiiiaiicic11 Aclivilies, Ilie Balnncc Sliccl, slaleiiieiil
of casl) floiys aiid tlie i'elaled iiotcs. Tlie fiiiaiicicll iei)oi'tiiig fi'aiiieiyoi-k tl)al lias beeii applied iii tlieii.
pi'epai'alioi) is ai)plicable law and Uiiiled Kii)gdoiii Accoiiiilii)g Standards, including Finai)cial
Repoi'liiig Siai)dai'd 102.. Tlie Fiiiancial Reporting Staiidard applicable in Ilie UK aiid Republic of
Irelaiid Iuiiiled Kiiigdom Gciicrally Accepted Accounting Practi¢¢).
Opiiiioii on fillnnclal slateineiits
Iii our opiiiioi) the finaiicial slmlemciils..
give a li'ue aiid faii-viciv of Ilie slate of th¢ cliai'itable coiiii)any's affmii's Ms Rl 28 Febi'iiai'y 2023
and of ils iiicome aiid expeiidiliii'e foi. tlic yeai. tlien endcd..
Iiavc beei) pioi)erly pi'epared ii) ac¢oi'daiice iviili Unilcd Kingdoin Geiieially Acccpled
Aecoiinliiig Pi'aclice,. nd
Iiave becii pi'epared iii accoi'd1c nce ivitli the IcquiretTrieIits of tlie Coiiipanies Act 2006.
Basis foi. opliiioii
We coiidu¢led oui. alidil iii accoi'dai)cc will) Ii)lei'iiati0Iial Staiidards oil Aiidiling (UK) {ISAs (UK)) and
ftpplicable law. Oiii. i'espoi)sibililies uiider Iliose standai'ds are fiirtl)ei' desci'ibcd iii the Aiidiloi s
rcspoiisibililies foi. Ilie aiidit of Ilie fiiiaiicial slaleiiiciits scclioi) of oui. i'epoi'l. We air iiidependei)t of the
Chai'ily iii accordancc iviili the eihical i'equireiiienls Ilial al'e I'elevaiit lo oui. aLidit of the fii)ancial
slaleiiienls in the UK, includiilg Il)e FRC'S Eiliieal Siai)dai'd and ive l)ave fuifillcd oui. othei. eiliical
responsibilitics in aecordanec iviili Ilies¢ i'eqiiii'eiiieiits. We believe tliat Ilie audit evidcncc we liave
obtained is siifficienl ai)d appi'opriale to pi-ovidc a basis for our opinion.
Coiiclusions i'elating to goiiig coiieerii
In aiidiling the fiilaiicial stateiiienls, Ive liave coffticluded tliat tlie liuslees, use of Ilie goiiig con¢erii basis
of accounting in Ilie prcpai'atioii of Il)c financial sta(eiiients is appi'opriate.
Baled on Ihc ivork ive lillve peifon))ed, Ivc have not idei)lificd any ii)alerial uncei'tainties relating lo
eveiils or conditions Iliat, ii)dividiially oi. collectively, iiiay cast sigi)ifieaiil dolibi on tlic el)arity's abllily
lo conliiiiic as a going coiicei'n foi. a pei'iod of al leasl twelve iiionil)s froni wl)ei) Ilie fiii8n¢ial slaleiiients
al'e aliihoi'ised foi. issue.
OLlI' fCSPOtisibililies aiid tlie responsibililies of tlie dii'ectors ivitl) respect to goiiig conceim al'e dcsci'ibed
in Ilie i'clcvant sections of Iliis repoi'l.
Olhei. Inforillatioji
Thc li'iistees aiE rcsponsible foi. tl)e oiliei. inforinalion. Tlie otlier infornialion coi))priscs thc infoi'niation
included ii) tlic aniiual I'epoi't othei. Iliaii tlic fiiiancial statei))eiits aiid OLir auditoi s i'cport tlieieoii. Our
opii)ioii 01) ilie fiiiaiicial stateiiients does not cover Ilie olliei. iiifoi'iiialion and, exc¢pt to tlie extent
otlieiivise explicitly slated iii oui. i'eport, Ive do not expi'ess aiiy foiiii of assui'aiice concliision tliei'eon.
In coiineclion willi our audit of the fii)an¢ial stateiiieiits, our iEspoi)sibility is lo l'ead ilie oilier
infoi'iiialioti and, in doing so, eoilsider ivlieili¢i' tlie otliei. infoi'malioi) is i)iaterially inconsislenl willi tlie
fiiiaiicial statenients or our knoivledge obtaiiied iii Ilie audit or otlierivise ic ppears to be iiiaterially
misslaled. If ive ideiilify such i)ialerial in¢oiisistencies or appayent Iiiaterial iiiisslatemenls, Ive are
requii'ed to deteriiiiiie wl)eiliei' tliere is a iiiateiial misslatei)ient in tlie fiiianeial slalemenls or a ii)atei'ial
n)isstatemenl of Il)e other infoi'iiialioii. Ir, based on Ilie iyork ive liave pci'foii)ied, Ive concliide tliat tliere
is a lii¢ltei'ial misstateiiieiit of tliis otlier ii)foJiiiation, Ive al'e i'eqiiii'ed to repoit that fact.
We liave noil)iiig to report in tliis regard.

INDII PEI NDEI NT AUDITOR>S REPORT TO THE MEMBERS OV SHAARLI l ORAH
LIMITED
Opiiifioii 01) otliei. iiiattei. i)resci'ibcd by tlie Coinp811ies Act 2006
Iii oiir Oplliion, based oil Ilie iyoi'k undertakeii iii tlie eoiirsc of Ilie audit:
tlic iIifori))alioii givei) in Ilic liiistees. i'ci)oi'l (iiicoi'i)oraling Ilie dii'ectOLE' I'cpoI-I) fortlic fii)ancial
ycai. tor ivl)i¢l) tlie fiiiaiicial slal¢Iiieii15 al'e i)iei)ai'ed is consisteiit witl) Ilie fiiiaiicial slalei))ents'
ai)d
tl)e tiwslces, repoi't (incoii)oralii)g tlie dii'ectots, repoi'l) h&s been PlEpared iii accoi'daiice ivith
applicable legal i'equii'¢i)Icnls.
Maltei's on ivlii¢li ive ￿l'e i'equii'ed to repoi't by exceptioi)
In Ilie liglil of the ki)oivledge and iiiiderstaiidiiig of Ilic Cliarily ai)d its cnvii'oni))ei)l obtsiiiied iii Ilie
coiii%e of Ilie audil, Ive Iiave not ideiilified iiiatcl'idl liiis8lalciiieiils in tlic Tiustees, Annual Repoi'l.
We Iiavc i)oil)iiig to i'eport in ITspect of Ilic following inallei's ivliei'e Il)c Coi))paiiies Act 2006 rcquii'es
LIS to ieporl lo yoii if, iii our opiiiioi):
adcqiiale a￿O￿tIll￿g i'eeoirfs liave not becn kept or i'elurns adeqLllite for our audit vc llot been
I'cccived li'oiii branclies i)ot visited by iis,. or
Ilie financial slaleiiicnts are iiol in agi'eeiiieiit iviili Ilie a¢counting iecoi'ds and retiii'ns. or
cei'tain disclosiii'es of Iruslccs, reniuneralioii spccified by laiy arc not ii)ade' or
wc Iiave i)ol rcccived all Ilie iiiforiiiation aiid explaiiatioiis ive require for OLII. aiidil.
Respoiisibilitics of tlie ti'iistees
As explained Iiioi'c fully in Ilic T￿SleeS, Responsibilities Siatei))ent. tlie trustees (Ivllo al'e also the
direcloi's of tlie cliariiable coi))i)any for Ilie puiyoses of conipaiiy laiv) al'e i'espoiisible foi. tlie prepai'atioi)
of Ilie fiiiaiicial slalcmcnls and lor being satisfied Ilial Il)cy give a Ii'iie and fair view and foi. siicli inlci.nal
coi)Ii'ol as tlicy deteii))ii)¢ is iiecessary lo ei18ble tlie pi'eparatioii of fiilancial slalei))ents tliat al'e fi'ce
froin iiiaterial n)isstal¢iiient. wl)eil)cr due lo fraiid or eiyor.
In preparing Ilic financial slatei))eiits, Il)e trustees al'e irsponsible for assessiiig tl)e Cliai'ity's ability to
continue as a going coiicei'i), disclosii)g, as applicable, ii)alters itlated to going concern and iising the
goii)g concci'ii basis of accounting ui)les8 tlic ti'uslees ciiliei. iiiteiid to liquidate tlic Cliarity oi. lo cease
opei'alions, or l)av¢ iio realistic aliei'iialiv¢ but to do so.
Our respoiislbllllies foi. tlle audit of tlie financial stateinents
Our objectives air lo obtain I'casoiiable assurance abolit ivheiher the fii)aii¢ial slalcInei)Is as a ivl)ole c1lt
fl'ee from i)iatei'ial misslatei))¢nt. Ivlietlicr due lo li'aud oi. ei'roi., and to issue an audiloi s r¢poiX tliat
includcs oui. opiiiion. Reasoiiable assuixnce is a liigli level of assurance, but is iiot a guarantee tlial an
audit conducted in accordat)cc ivitli ISAS (UK) Ivill alivays detect a inalei'ial niisslaleiiient ii,lieii it
exists. Misstateiiiei)Is can arise fi'oii) fi'aud oi. ei'i'or and are coiisidei'ed n)alei'ial if, individually oi. iii the
aggregate. tliey eould i'easoi)ably be expected to infliieiiee Il)e ecoiioiiiic decisions of iisers taken on tlie
basis of Iliese fii)aiicial statenienls.
li'reglilarities, including fraud, are iiistances of iioii-compliance with laivs and regulations. We design
procedui'es in line iviili our i'esponsibililies, outlined above, to delecl iiiatei'ial misslalements in i'espect
of iiYegulariti¢s, ineludiilg fi?Iid. The extent lo iyliicli oui. procediires al'e Capable of deleeling
iri'egulai'ilies. iiieludii)g fi'aud al'e set out beloiv.

JNDEPENDENI. AUDITOR9S REPORT TO THE IIIEMBERS OF SHA￿￿1 l ORAH
LIMITED
Iii ideiitifyiiig aiid dSSessiiig risks of Iiiaterial iiiisslatciiici)t iii I'especl of ii'i'egiilaritics, iiiclLidiiig fi-aud
aiid iioii-compliaiice willi laws ai)d regulations, oui. pi'ocedures iiicluded tlic folloiving..
We cjiquiitd of nianageiiiei)t. Ivliicl) ii)cluded obiaiiiiiig c111d rciTiciviiig suppoi'liiig
docuineiilalioii, coiicei'niiig Ilic eliai'ily's i)oli¢ies 1< 1)d i)i'oceduics rclaliiig to..
ideiilifying, evaliiating, and complying iyiili laivs c211d rcgiilatioiis and ivl)eil)cr Iliey
were awarc ot any iiislaiiccs of noii-¢oiiipliaii¢e'
Dctecliiig aiid respoiidiiig lo Il)e I'isks of fraud ai)d ivlieilier iliey liave knoivlcdge of any
acliial, siispccled, oi. alleged fi'aud.
Tlie iiit¢i'iitil conti'ols establishcd to Iiiiligale risks related lo fi'aud or iioii-coinpliance
vith laivs aiid regiilalions.
Ve iiispe¢led Il)e iiiiilules ot iiicclings of Il)ose cl)arged ivitli govcmaiiee.
Wc obtaiiied an undei'slaiidiiig of thc Icgal aiid I"egiilaloi'y frt1111cwoI'k tliat the cliai'ity opci'ales
iii, fo¢iisiiig on tliose laivs aiid i'egulalioi)s Iliat Iiad a liiic tei'ial cffecl 01) the finai)¢ial slaleineiils
oi. Iliat liad a fundaiiienlal effe¢l on tlic operalioiis of tlie chai'ily troni uiii. i)i'ofessional and
sccloi. experieiic¢.
We reviewcd ilie financial stateiiieiit disclosiii'es aiid Icsled Iliese lo suppoi'ling docuiiienlation
to asse55 coii)pliai)ce witli applicable laivs ai)d rcgulalioii.g.
W¢ i)erfoi'iiicd aiialylical i)I'occdLlI'es to ideiilify ai)y iiiiusual or iiii¢xp¢¢ted iElatioiidiips tliat
may iiidicale i-isks of ii)atci'ial Iiiisstateii)ent duc to fi'aud.
Iii addiEssing Ilie risk of fi'aud tlvougli Iiianageiiiciil ovei'i'ide of wiitrols, we Ic51ed Ilie
appropi'ialeness of joui'iial enti'ics ai)d otlici. adjiislniei)ts, assessed wl)eilier Ilic judgeii)ei)Is
Iiiade iii iiiakii)g accouiiliiig estiinates arc iiidicatiite of a potential bias aiid tested significant
transaclioi)s Il)al al'e unusiial oi. Iliose outside Ilie noi'inal coui'se of biisiiiess.
Because of Ilic inlierei)I liniitalions of ali audit, thci'c is a risk tlial ive ivill not deleel all in'egulai'ilies,
incliiding Iliose leading lo a ii)aterial i))isslalemcnt in tlie fiiian¢ial statcIiieiits or noii-coi))plianc¢ ivitl)
i'egulalion. The Yisk is also greatei. i'cgardiiig iiYeg411aritics occui'i'ing due to fi'aiid i'ailiei. Il)an emlr. as
fi2ud involvcs inlenlioiial coiiccaliiieiil, forgery, collusion, oiiiissioii or Iiiisi'epi'ese211alioi).
A fiiitlier description of oui. i'espoi)sibililies for Il)e audit of tlie fii)aiieial slalcinents is located oil Ilie
Financial Repotxing Coiincil's wcbsile al.. Iivwiv.fr¢.oi'g.uldaudilorsi'esponsibilities]. Tllis description
foLlllS pai'l of our auditoi-'s i'epoi'l.
Use of oui. report
Tl)is i'eport is n)ade solely lo tl)e cl)aYilable coiiii)any's mciiibei's, as a body, in uccoi'dance ivitli Cl)aptci'
3 ofpart 16 of tlie Coi))panies Act 2006. Oui. aiidit ivoi'k l)as been iindertaken so Iliat we i)iighi stal¢ lo
Ilie cliai'ity's nicmbers Ilios¢ iii&tlei's ive al'e I'eqiiii'ed to slate lo tl)ein in an audilOI S i'epoit aiid for iio
othci. puii)ose. To ilie ￿lIest extent peiinitted by laiv, Ivc do iiol accept or assuiiie responsibilily to
anyone oilier tlian Ilie cliai'ity and the ehai'ity's Iiiei)Ibcrs as a body. for our audit ivork, foi. tl)is r¢poit,
or for tlie opinions ive l)ave foiii)cd.
1510212024
Ailthony Epton (Senior StAtutoi'y Auditor)
for aiid on belialf of
GoldiviIis Liiiiited
Staliitoi'y Auditoi.
Cliai'tei'ed Accoiiiitaiits
75 Mxygi'ove Road
West HAlllPStead
Loii(Ioll NW6 2KG

Shaarel Orah Llmlted
Statement of flnanclal acilvliles (Incorporating an Income and expenditure accounrl
For the ear ended 28 Februa
2023
2023
2022
Unrèstricted
Fund
Resirlcted
Fund Total Fund
Total Fund
Note
Income from:
Donations and legacles
Invesiments
1,243,741
.243.741
io
662,014
Total Income
1.243,751
1,243.751
662,015
ExpendSture on:
Charitable aciivities
Advancement and promotion of jewish
educaiion and rellef of poverty
1,252,073
1,252.073
675,362
Total expendlture
,252,073
1.252,073
675,362
Net Income l (expendlture) for the year
18.3221
(8,322)
113.3471
Tiansfers between funds
Net Income l {expendlrure) before other
recognlsed galns and losses
18.322)
<8,322)
{13.347}
Net movement In funds
{8,3221
18,322)
113,347)
KeconcSllatlon of funds..
Total lunds bTought foNard
36,676
36.676
50,023
Total funds carrled forward
28.354
28.354
36,676
All of the above resu115 are derlved from coiitinulng aciivliies. There were no oiher recognised galns or 1055es other than those
stated above. Movemenrs in fuiid$ 4rÈ dlsclosed in Note 13 to the finanilal staternÉnts.

Shaarel Orah Llmlted
Balance sheet
Company no. 06807305
As ai 28 Februa
2023
2023
2022
Note
Current assets:
Debtors
Cash at bank and In hand
9,000
25,729
37,486
34,729
37,486
Llabllltles..
Creditors-. amounts falling due within one year
6,37S
810
Net current assets I Illabllltle5)
28.354
36,676
Total assets less current Ilabllltles
28.354
36,676
Total net assets l (Ilab115tle5)
28,354
36,676
The fund5 Of the charlty:
Unresiricted income funds..
General funds
28.354
36,676
Total unrestricted funds
28.354
36,676
Total charlty funds
28,354
36.676
The flnancial statemenrs have been prepared in accordance wlth the special provislons for small companles
under Partl S of the Companles Act 2006.
Approved by the trusiees on
14 Feb 2024
and signed on iheir behalf by
E Sternlicht
Trustee

Shaarel Orah LIMlted
Statement of cash flows
For the
ar ended 28 Februa
2023
Note
2023
2022
Cash flows from operatlng actlvltles
Net cash provlded by I (used In) operatlng actlvltles
111.767)
{14,188)
Cash flows from Investlng actlvltles:
Dividends, interest and rents from Investments
Net cash provlded by / {used In) Investlng actlvltles
10
Net cash provlded by l {u5ed In) flnanclng actlvltles
Change In cash and cash equlvalents In the year
(11.757)
114.1871
Cash and cash equivalents at the beginning of the
year
37,486
51,673
Cash and cash equlvalents at the end of the year
25.729
37.486

Shaarel Orah Llmlted
Notes to the flnanclal statement5
For the
ear ended 28 Februa
2023
l Accountlng pollcles
a) Basls of preparatlon
The financial statements have been prepared in accordance with Accountlng and Reporting by Charities..
Statement of Recommended Practice applicable to charities preparlng their accounts in accordance with
the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102
effective I
January 20151- (Charities SORP FRS 1021 and the Companies Act 2006.
The charitable company meets the definition of a publlc benefit entity under FRS 102. Assets and
liabilities are initially recognised ai historical cost or transaction value unless otherwise stated in the
relevant accounting policy or note.
b) Golng concern
The trustees consider that there are no material uncertainties about the charitable company's ability to
continue a5 a going concern. The trustees do not consider that there are any sources of estimation
uncertainty ar the reporting date that have a significant risk of causing a material adjustment to the
carrying amounts of assets and liabilities within the next reporting period.
c) Income
Income is recognised when the charity has entltlement to the funds, any performance conditions
attached to the income have been met. it Is probable that the income will be received and that the
amount can be measured reliably.
Income from government and other grants, whether 'capital' grants or 'revenue' grants, is recognised
when the charity has entitlement to the fund5, any performance conditions attached to the grants have
been met, it is probable that the income will be received and the amount can be measured reliably and is
not deferred.
For legacies, entitlement is taken as the earlier of the date on whlch either.. the charlty is aware that
probate has been granted. the estate has been finalised and notification has been made by the
executorls} to the charity that a distrlbutlon will be made. or when a dlstribution is received from the
estate. Receipt of a legacy. in whole or in part. is only considered probable when the amount can be
measured reliably and the chariiy has been notlfied of the executor's intention to make a distribution.
Where legacies have been notified to the charity, or the charity is aware of the granting of probate. and
the criteria for income recognition have not been mei, then the legacy is a treated as a contingent asset
and disclosed if material.
Income received in advance of the provislon of a specified service is deferred until the criteria for income
recognition are met.
d) Donatlons of gSfts, servlces and facllltles
Donated professional services and donated faclllties are recognlsed as income when the charity has
control over the item or received the service, any conditions associated with the donation have been met,
the receipt of economlc benefit from the use by the charity of the item is probable and that economic
benefit can be measured reliably. In accordance with the Charities SORP IFRS 102), volunteer time is not
recognised so refer to the trustees. annual report for more information about their contribution.
On receipt, donated gifts, professional services and donated facilities are recognised on the basls of the
value of the gifi to the charity which is the amount the charity would have been willing to pay to obtain
services or facilities of equivalent economic beneflt on the open market., a corresponding amount Is then
recognised in expenditure In the period of receipt.
e) Interest recelvable
Interest on funds held on deposit is Included when receivable and the amount can be measured reliably
by the charity- thls is normally upon notification of the interest paid or payable by the bank.

Shaarel Orah Llmlted
Notes to the flnanclal statements
For the
ear ended 28 Februa
2023
l Accountlng pollcles (contlnued)
Q Fund accountlng
Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which
meets these criteria is charged to the fund.
Unrestricted funds are donations and other incomlng resources recelved or generated for the charitable
purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular purposes.
g) Expendlture and Irrecoverable VAT
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third
party, it is probable that settlement will be required and the amount of the obligation can be measured
reliably. Expenditure is classified under the following activity headings..
Costs of raising funds relate to the costs incurred by the charitable company in inducing third
parties to make voluntary contributions to it, as well as the cost of any activitie5 Wlth a fundraising
Expenditure on charitable activities include5 the costs of delivering services, undertaken to further
the purposes of the chariiy and their associated support costs.
Other expenditure represents rhose items not falling into any other headlng
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.
Irrecoverable VAT Is charged as a cost against the activlty for which the expenditure was incurred.
h) Allocatlon of support costs
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate
all cost relaled 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.
l) Operatlng leases
Rental charges are charged on a straight line basis over the term of the lease.
J) Tanglble flxed assets
Depreciation costs are allocated to activities on the basls of the use of the related assets In those
activities. Assets are reviewed for impairment if circumstances indicate their carrying value may exceed
their net realisable value and value in use.
Depreciatlon is provided at rates calculated to write down the cost of each asset ro its estimated residual
value over its expected useful life.
k) Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered.
Prepayments are valued at the amount prepaid nei of any trade discounts due.
l) Cash at bank and In hand
Cash at bank and cash in hand Includes cash and short term hlghly liquid investments with a short
Maturity of three months or less from the date of acqui51tion or opening of the deposit or similar
account. Cash balances exclude any funds held on behalf of service users.

Shaarel Orah Llmlted
Notes to the flnanclal statements
For the ear ended 28 Februa
2023
l Accountlng pollcles Icontlnued)
m) Credltors and provlslons
Creditors and provlsions are recognlsed where the charliy has a preseni obllgatlon resultlng from a past
event that will probably result in the transfer of funds to a third party and the amount due to settle the
obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at
their settlement amount after allowing for any trade discounts due.
n) Flnanclal Instruments
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial
instruments. Basic financial instruments are initially recognised al transaction value and subsequently
measured at their settlement value with the exception of bank loans which are subsequently measured
ai amortised cost using the effective interest Method.
o) Penslons
The charity does not operate a stakeholder pension scheme.
2 Detalled comparatlves for the statement of flnanclal actlvltles
2022
Total
Unrestricted
Restricted
Income from:
Donations and legacies
Charitable actlvitles
Investmenrs
662,014
662,014
Total Income
Expendlture on:
Raising funds
Charitable activities
-Advancement and promotion of jewish education and
relief of poverty
662,015
662.015
675,362
675.362
Total expendlture
675,362
675,362
Net Income l expendlture before galns l {losses) on
Net gains l (105ses) on investments
(13.3471
(13.347)
Net Income l expendlture
Transfers between funds
113.3471
(13,347)
Net movement In funds
Total funds brought forward
(13.3471
50,023
(13.347)
50,023
Total funds carrled forward
36,676
36,676

Shaarel Orah LlmSted
Notes to the flnanclal statements
For the
ear ended 28 Februa
2023
3 Income from donatlons and legacles
2023
Total
2022
Total
Unrestricted
Restricted
Donations
1,243,741
1.243,741
662.014
1,243,741
1,243,741
662,014
4 Income from Investments
2023
Total
2022
Total
Unrestricted
Restrlcred
Investmeni income

Shaarel Orah Llmlted
Notes to the flnanclal statements
For the year ended 28 February 2023
5 Analysls of expendlture
Charltable actlvltle5
Advancement
and promotlon
of jewish
education and
relief of poverly Support costs
2023 Toral
2022 Total
Dlrect cost
Grants and Donatlons
Poverty Relief
Holiday Grant
Shaarei Orah
Grants To Individuals
Support costs
Accoutancy
Bank charges
Audit fees
12.845
12,845
3,294
671,093
184,000
94,650
30.840
922.932
184,000
94,650
30.840
922,932
975
431
5.400
975
431
5.400
975
.245,267
6,806
6.806
16,806)
1.252,073
675,362
Support costs
Total expendlture 2023
1.252.073
1.252,073
Total expendlture 2022
.107,107
1,107.107
The total expenditure £1 .2 52,073 was unrestricted 12022.. £675,362).
Analys15 of expendlture (prlor year)
Charltable actlvltles
Advancement
and promotion
of jewish
education and
relief of poverty Support costs
2022 Total
Dlrect Cost
Grants and Donatlons
Support C05t5
Accoutancy
3,294
671,093
3,294
671,093
975
975
674,387
975
975
675,362
Support costs
1975)
Total expenditure 2022
675,362
675,362

Shaarel Orah Llmlted
Notes to the flnanclal statements
For the year ended 28 February 2023
Net Incomlng resources for the year
This is stated after charging I crediting..
2023
2022
Auditors, remuneration (excluding VAT)..
Audit
4,500
Analysls of staff costs, trustee remuneratlon and expenses. and the cost of key
management personnel
The charily did not employ staff during the year12022'. Nil).
The charity trustees were not paid or received any other benefits from employment with ihe
charity in the year 12022.. Énil). No trustees received payment for professional or other
services supplied to the charily {2022.. £nil).
Trustees. reimbursement of travel and 5ubsisteftce costs is £NII
Related party transactlons
There are no related parly transactions to disclose for 202 3 12022: none).
There are no donations from related parries which are outside the normal course of business
and no restricted donations from related parties.
Taxatlon
The charitable company is exempt from corporatlon tax as all its income is charitable and is
applied for charitable purposes.
l O Debtors
2023
2022
Other debtors
Loan repayment due
9,000
9,000
I I Credltors: amounts falllng due wlthln one year
2023
2022
Accruals
6,375
810
6,375
810

Shaarel Orah Llmlted
Notes to the flnanclal statements
For the year ended 28 February 2023
12 Analysls of net assets between funds
General
unrestrlcted
Designated
Restricted Total funds
Current assets
Current liabillties
34,729
16.375)
34,729
(6,375)
Net assets at the end of the year
28,354
28,354
Comparative for analysis of net assets between fund5 {prior yearl
General
Designated
Restricted Total funds
Current assets
Current liabilities
37,486
(810)
37,486
18101
Net assets at the end of the year
36,676
36,676
13 Movements In funds
At the
Incoming
start of the resource5 &
year
gains
Outgoing
resources &
losses
At the end
of the year
Transfers
Unrestrlcted funds:
General funds
36,676
1,243,751
(1,252,073)
28,354
Total unrestrlcted
36,676 1,243,751
(1,252.073)
28,354
Total fund5
36,676
1,243,751
(1,252,073)
28,354
Comparative for movement in funds (prior yearl
At the
Incoming
start of the resources &
year
gains
Outgoing
resources &
losses
At the end
of the year
Transfers
Unrestrlcted funds:
General funds
50,023
662,015
1675,362)
36,676
Total unrestrlcted
50,023
662,015
(675,362)
36,676
Total funds
50,023
662,015
(675,362)
36,676

5haarel Orah Llmlted
Notes to the flnanclal statements
For the year ended 28 February 2023
14 Reconclllatlon of net Income l (expendlture) to net cash flow from operatlng actlvltle5
2023
2022
Net Income l (expendlture) for the reportlng perlod
(a5 per the statement of flnanclal actlvltles)
Depreciation charges
Dividends, interest and rent from investments
(Increa5elldecrease in debtors
Increaselldecrease) in creditors
(8.322)
(13,347)
(io)
(9.000>
5.565
1840)
Net cash provlded by l (used In) operatlng actlvltles
(11,767)
114.1881
15 Analysls of cash and cash equlvalents
At28
February
2023
At l March
2022
Other
changes
Cash flows
Cash in hand
37,486
111.757)
25,729
Total cash and cash equlvalents
37,486
111.7571
25,729
16 Legal status of the charlty
The charlty is a company limited by guarantee and has no share capital. The liability of each
member in the event of winding up is limited to £ l .