**REGISTERED COMPANY NUMBER: 07089312 (England and Wales) REGISTERED CHARITY NUMBER: 1136378**
**REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020**
## **FOR**
## **TALMUD TORAH TORAH VEYIRAH D'SATMAR LONDON LIMITED**
Venitt and Greaves Statutory Auditors Chartered Accountants 115 Craven Park Road South Tottenham London N15 6BL
**TALMUD TORAH TORAH VEYIRAH D'SATMAR LONDON LIMITED**
## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020**
|||**Page**||
|---|---|---|---|
|**Report of the Trustees**|1|to|3|
|**Report of the Independent Auditors**|4|to|5|
|**Statement of Financial Activities**||6||
|**Balance Sheet**|7|to|8|
|**Cash Flow Statement**||9||
|**Notes to the Cash Flow Statement**||10||
|**Notes to the Financial Statements**|11|to|16|
## **TALMUD TORAH TORAH VEYIRAH D'SATMAR LONDON LIMITED**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2020**
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 August 2020. 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 principal objectives of the charity are:
the advancement of the Orthodox Jewish faith
the advancement of Orthodox Jewish religious education and education generally
the relief of poverty, old age, disability, and illness, both mental and phyiscal, and
other such charitable purposes as the association may, from time to time, authorise
## **Significant activities**
Talmud Torah Torah Veyirah D'Satmar London is an independent boys school for boys aged 2 to 11. The curriculum covers all the required areas of learning in the early years, and English, mathematics, science, art and design, humanities, design and technology, and physical education for pupils of compulsory school age.
The school has an Orthodox Jewish ethos.
Kodesh is taught in the mornings in Yiddish; chol is taught in the afternoons in English. The school is well resourced and staffed.
Pupils' progress and attainment is identified using an evidence-based assessment system and tests. These are reviewed on a termly basis by teachers to plan lessons and any necessary interventions.
There is a suitably planned personal, social, health and economic (PSHE) education programme. It includes many opportunities for pupils to learn about British values, and to prepare them to respect others, paying regard to the protected characteristics.
Suitable arrangements are in place to develop and support staff, and to monitor the quality of education.
During the year the school started to serve daily breakfast to year 3 and upwards and dinners for the whole school.
It is with deep regret that we report the passing of Mr J Ostreicher, a trustee of this charity, who was very involved in the running of the day to day affairs of the charity.
## **Public benefit**
The trustees confirm that they have referred to the guidance contained in the Charity's Commission's general guidance on public benefit when reviewing the charity's aims and objectives and planning future activities.
## **STRATEGIC REPORT**
## **Achievement and performance**
## **Charitable activities**
During the financial period under review Talmud Torah Torah Veyirah D'Satmar London Ltd conducted religious, cultural and educational programmes for members of the Orthodox Jewish community in the London Borough of Hackney.
Pupils study Jewish religious studies (Kodesh) taught in Yiddish and a secular curriculum (Chol) taught in English. There are further classes also taught in Yiddish.
The charity received donations and grants totalling £1,525,553 (2019: £1,002,992).
Page 1
## **TALMUD TORAH TORAH VEYIRAH D'SATMAR LONDON LIMITED**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2020**
## **STRATEGIC REPORT Financial review**
## **Financial position**
The trustees are satisfied with the results and activities of the charity for the financial year.
## **Principal funding sources**
Talmud Torah Torah Veyirah D'satmar London Limited is currently financed by private donations and grants from Haringey Council, Irwin Mitchel, and the Hackney Learning Trust.
## **Reserves policy**
The reserves policy is to ensure that there is a sufficient stream of income to meet the ongoing calls made on the charity including the possibility of providing capital assets for the needs of charitable institutions.
## **Going concern**
The trustees are confident that the charity will continue to operate for foreseeable future.
## **Future plans**
The trustees do no anticipate any significant changes in the forthcoming year.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document, its memorandum and articles of association, and constitutes a limited company, limited by guarantee, as defined by the Companies Act, 2006.
## **Recruitment and appointment of new trustees**
It is not currently the intention of the trustees of the charity to appoint new trustees. Should this situation change in the future, the trustees will apply suitable recruitment and training procedures.
## **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 Company number**
07089312 (England and Wales)
## **Registered Charity number**
1136378
## **Registered office**
180 Bethune Road London N16 5DS
## **Trustees**
S Berkowitz Director (appointed 11.5.20) M Freund Company Director A Langberg Grocer J Ostreicher Co Director (deceased 9.5.20)
Page 2
## **TALMUD TORAH TORAH VEYIRAH D'SATMAR LONDON LIMITED**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2020**
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Auditors**
Venitt and Greaves Statutory Auditors Chartered Accountants 115 Craven Park Road South Tottenham London N15 6BL
## **STATEMENT OF TRUSTEES' RESPONSIBILITIES**
The trustees (who are also the directors of TALMUD TORAH TORAH VEYIRAH D'SATMAR LONDON LIMITED for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company 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 charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charity SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements 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 detection of fraud and other irregularities.
In so far as the trustees are aware:
- there is no relevant audit information of which the charitable company's auditors are unaware; and
- the trustees 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**
The auditors, Venitt and Greaves, will be proposed for re-appointment at the forthcoming Annual General Meeting.
Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 30 June 2021 and signed on the board's behalf by:
M Freund - Trustee
Page 3
## **REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF TALMUD TORAH TORAH VEYIRAH D'SATMAR LONDON LIMITED**
## **Opinion**
We have audited the financial statements of TALMUD TORAH TORAH VEYIRAH D'SATMAR LONDON LIMITED (the 'charitable company') for the year ended 31 August 2020 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
- In our opinion the financial statements:
- give a true and fair view of the state of the charitable company's affairs as at 31 August 2020 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
- have been prepared in accordance with the requirements of the Companies Act 2006.
## **Basis of opinion**
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
## **Conclusions relating to going concern**
We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to report to you where:
- the trustees' use of the going concern basis of accounting in the preparation of the financial statements is not appropriate; or
- the trustees have not disclosed in the financial statements any identified material uncertainties that may cast significant doubt about the charitable company's ability to continue to adopt the going concern basis of accounting for a period of at least twelve months from the date when the financial statements are authorised for issue.
## **Other information**
The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.
Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.
## **Matters on which we are required to report by exception**
We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:
- the information given in the Report of the Trustees is inconsistent in any material respect with the financial statements; or
- the charitable company has not kept adequate accounting records; or
- the financial statements are not in agreement with the accounting records and returns; or
- we have not received all the information and explanations we require for our audit.
Page 4
## **REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF TALMUD TORAH TORAH VEYIRAH D'SATMAR LONDON LIMITED**
## **Responsibilities of trustees**
As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.
## **Our responsibilities for the audit of the financial statements**
We have been appointed as auditors under Section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.
## **Use of our report**
This report is made solely to the charitable company's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charitable company's trustees those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's trustees as a body, for our audit work, for this report, or for the opinions we have formed.
for and on behalf of Venitt and Greaves Statutory Auditors Chartered Accountants Eligible to act as an auditor in terms of Section 1212 of the Companies Act 2006 115 Craven Park Road South Tottenham London N15 6BL
30 June 2021
Page 5
## **TALMUD TORAH TORAH VEYIRAH D'SATMAR LONDON LIMITED**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2020**
|Notes
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
Investment income
3
**Total**
**EXPENDITURE ON**
**Charitable activities**
4
Charitable
Other
**Total**
**NET INCOME/(EXPENDITURE)**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
**TOTAL FUNDS CARRIED FORWARD**|Unrestricted
funds
£
1,096,381
5,968
1,102,349
928,970
69,717
998,687
103,662
(44,010)
59,652|Restricted
funds
£
429,172
-
429,172
429,172
-
429,172
-
-
-|31.8.20
Total
funds
£
1,525,553
5,968
1,531,521
1,358,142
69,717
1,427,859
103,662
(44,010)
59,652|31.8.19
Total
funds
£
1,002,992
8
1,003,000
938,490
123,887
1,062,377
(59,377)
15,367
(44,010)|
|---|---|---|---|---|
The notes form part of these financial statements
Page 6
## **TALMUD TORAH TORAH VEYIRAH D'SATMAR LONDON LIMITED**
## **BALANCE SHEET 31 AUGUST 2020**
|Unrestricted
funds
Notes
£
**FIXED ASSETS**
Tangible assets
9
87,657
**CURRENT ASSETS**
Debtors
10
30,872
Cash at bank and in hand
68,460
99,332
**CREDITORS**
Amounts falling due within one year
11
(127,337)
**NET CURRENT ASSETS/(LIABILITIES)**
(28,005)
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
59,652
**NET ASSETS/(LIABILITIES)**
59,652
**FUNDS**
12
Unrestricted funds
**TOTAL FUNDS**|Restricted
funds
£
-
-
-
-
-
-
-
-|31.8.20
Total
funds
£
87,657
30,872
68,460
99,332
(127,337)
(28,005)
59,652
59,652
59,652
59,652|31.8.19
Total
funds
£
21,993
-
40,319
40,319
(106,322)
(66,003)
(44,010)
(44,010)
(44,010)
(44,010)|
|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2020.
The members have not deposited notice, pursuant to Section 476 of the Companies Act 2006 requiring an audit of these financial statements.
The trustees acknowledge their responsibilities for
- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been audited under the requirements of Section 145 of the Charities Act 2011.
The financial statements were approved by the Board of Trustees and authorised for issue on 30 June 2021 and were signed on its behalf by:
M Freund - Trustee
The notes form part of these financial statements
continued...
Page 7
## **TALMUD TORAH TORAH VEYIRAH D'SATMAR LONDON LIMITED**
## **BALANCE SHEET - continued 31 AUGUST 2020**
S Berkowitz - Trustee
The notes form part of these financial statements
Page 8
## **TALMUD TORAH TORAH VEYIRAH D'SATMAR LONDON LIMITED**
## **CASH FLOW STATEMENT FOR THE YEAR ENDED 31 AUGUST 2020**
|Notes
**Cash flows from operating activities**
Cash generated from operations
1
Net cash provided by operating activities
**Cash flows from investing activities**
Purchase of tangible fixed assets
Interest received
Net cash used in investing activities
**Change in cash and cash equivalents in**
**the reporting period**
**Cash and cash equivalents at the**
**beginning of the reporting period**
**Cash and cash equivalents at the end of**
**the reporting period**|31.8.20
£
109,239
109,239
(81,116)
18
(81,098)
28,141
40,319
68,460|31.8.19
£
49,595
49,595
(25,874)
8
(25,866)
23,729
16,590
40,319|
|---|---|---|
The notes form part of these financial statements
Page 9
## **TALMUD TORAH TORAH VEYIRAH D'SATMAR LONDON LIMITED**
## **NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 AUGUST 2020**
## **1. RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES**
|**OPERATING ACTIVITIES**|||
|---|---|---|
|**Net income/(expenditure) for the reporting period (as per the**
**Statement of Financial Activities)**
**Adjustments for:**
Depreciation charges
Interest received
Increase in debtors
Increase in creditors
**Net cash provided by operations**|31.8.20
£
103,662
15,452
(18)
(30,872)
21,015
109,239|31.8.19
£
(59,377)
3,881
(8)
-
105,099|
|||49,595|
## 2. **ANALYSIS OF CHANGES IN NET FUNDS**
||At 1.9.19|Cash flow|At 31.8.20|
|---|---|---|---|
||£|£|£|
|**Net cash**||||
|Cash at bank and in hand|40,319|28,141|68,460|
||40,319|28,141|68,460|
|**Total**|40,319|28,141|68,460|
The notes form part of these financial statements
Page 10
## **TALMUD TORAH TORAH VEYIRAH D'SATMAR LONDON LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charitable company, 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 Companies Act 2006. The financial statements have been prepared under the historical cost convention.
## **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.
## **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 fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 15% on reducing balance Plant and machinery - 15% on reducing balance Fixtures and fittings - 15% on reducing balance Motor vehicles - 15% on reducing balance
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
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.
continued...
Page 11
## **TALMUD TORAH TORAH VEYIRAH D'SATMAR LONDON LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2020**
|**2.**
**DONATIONS AND LEGACIES**
Donations
Grants
Grants received, included in the above, are as follows:
Other grants
**3.**
**INVESTMENT INCOME**
Rents received
Deposit account interest
**4.**
**CHARITABLE ACTIVITIES COSTS**
Charitable
**5.**
**SUPPORT COSTS**
Finance
£
Other resources expended
2,078
**6.**
**NET INCOME/(EXPENDITURE)**
Net income/(expenditure) is stated after charging/(crediting):
Auditors' remuneration
Depreciation - owned assets|Other
£
46,187|31.8.20
£
1,096,381
429,172
1,525,553
31.8.20
£
429,172
31.8.20
£
5,950
18
5,968
Governance
costs
£
6,000
31.8.20
£
6,000
15,452|31.8.19
£
783,291
219,701|31.8.19
£
783,291
219,701|31.8.19
£
783,291
219,701|
|---|---|---|---|---|---|
||||1,002,992|||
||||31.8.19
£
219,701
31.8.19
£
-
8
8
Direct
Costs
£
1,358,142|31.8.19
£
219,701||
||||Totals
£
54,265
31.8.19
£
6,000
3,881||Totals
£
54,265|
continued...
Page 12
**TALMUD TORAH TORAH VEYIRAH D'SATMAR LONDON LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2020**
## **7. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 August 2020 nor for the year ended 31 August 2019.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 August 2020 nor for the year ended 31 August 2019.
|**8.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
Investment income
**Total**
**EXPENDITURE ON**
**Charitable activities**
Charitable
Other
**Total**
**NET INCOME/(EXPENDITURE)**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
**TOTAL FUNDS CARRIED FORWARD**|**ACTIVITIES**
Unrestricted
funds
£
783,291
8
783,299
718,789
123,887
842,676
(59,377)
15,367
(44,010)|Restricted
funds
£
219,701
-
219,701
219,701
-
219,701
-
-
-|Total
funds
£
1,002,992
8
1,003,000
938,490
123,887
1,062,377
(59,377)
15,367
(44,010)|
|---|---|---|---|
continued...
Page 13
## **TALMUD TORAH TORAH VEYIRAH D'SATMAR LONDON LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2020**
## **9. TANGIBLE FIXED ASSETS**
|Improvements
Fixtures
to
Plant and
and
property
machinery
fittings
£
£
£
**COST**
At 1 September 2019
-
-
14,634
Additions
13,506
20,688
46,922
At 31 August 2020
13,506
20,688
61,556
**DEPRECIATION**
At 1 September 2019
-
-
2,195
Charge for year
2,026
3,103
8,890
At 31 August 2020
2,026
3,103
11,085
**NET BOOK VALUE**
At 31 August 2020
11,480
17,585
50,471
At 31 August 2019
-
-
12,439
**10.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Other debtors
**11.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade creditors
Social security and other taxes
Other creditors
Pensions
Accrued expenses
**12.**
**MOVEMENT IN FUNDS**
At 1.9.19
£
**Unrestricted funds**
General fund
(44,010)
**TOTAL FUNDS**
(44,010)|Motor
vehicles
£
11,240
-
11,240
1,686
1,433
3,119
8,121
9,554
31.8.20
£
30,872
31.8.20
£
99,029
1,940
14,181
187
12,000
127,337
Net
movement
in funds
£
103,662
103,662|Totals
£
25,874
81,116
106,990
3,881
15,452
19,333
87,657
21,993
31.8.19
£
-
31.8.19
£
11,489
794
59,011
42
34,986|Totals
£
25,874
81,116|
|---|---|---|---|
|||106,322||
|||At
31.8.20
£
59,652||
|||59,652||
continued...
Page 14
## **TALMUD TORAH TORAH VEYIRAH D'SATMAR LONDON LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2020**
## **12. MOVEMENT IN FUNDS - continued**
Net movement in funds, included in the above are as follows:
|Incoming
resources
£
**Unrestricted funds**
General fund
1,102,349
**Restricted funds**
Special educational needs
306,854
Coronavirus job retention scheme
122,318
429,172
**TOTAL FUNDS**
1,531,521
**Comparatives for movement in funds**
At 1.9.18
£
**Unrestricted funds**
General fund
15,367
**TOTAL FUNDS**
15,367
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
783,299
**Restricted funds**
Special educational needs
219,701
**TOTAL FUNDS**
1,003,000|Resources
expended
£
(998,687)
(306,854)
(122,318)
(429,172)
(1,427,859)
Net
movement
in funds
£
(59,377)
(59,377)
Resources
expended
£
(842,676)
(219,701)
(1,062,377)|Movement
in funds
£
103,662
-
-
-
103,662
At
31.8.19
£
(44,010)
(44,010)
Movement
in funds
£
(59,377)
-
(59,377)|
|---|---|---|
Page 15
continued...
## **TALMUD TORAH TORAH VEYIRAH D'SATMAR LONDON LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2020**
## **12. MOVEMENT IN FUNDS - continued**
A current year 12 months and prior year 12 months combined position is as follows:
|**Unrestricted funds**
General fund
**TOTAL FUNDS**|At 1.9.18
£
15,367
15,367|Net
movement
in funds
£
44,285
44,285|At
31.8.20
£
59,652|
|---|---|---|---|
||||59,652|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
Special educational needs
Coronavirus job retention scheme
**TOTAL FUNDS**|Incoming
resources
£
1,885,648
526,555
122,318
648,873
2,534,521|Resources
expended
£
(1,841,363)
(526,555)
(122,318)
(648,873)
(2,490,236)|Movement
in funds
£
44,285
-
-|
|---|---|---|---|
||||-|
||||44,285|
## **13. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 August 2020.
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