CHARITY REGISTRATION NUMBER: 1136772
Ohel Torah Unaudited Financial Statements
5 April 2021
HAFFNER HOFF LTD
Accountants 2nd Floor - Parkgates Bury New Road Prestwich Manchester M25 0TL
Ohel Torah
Financial Statements
Year ended 5 April 2021
| Pages | |
|---|---|
| Trustees' annual report | 1 to 3 |
| Independent examiner's report to the trustees | 4 |
| Statement of financial activities | 5 |
| Statement of financial position | 6 |
| Notes to the financial statements | 7 to 16 |
Ohel Torah
Trustees' Annual Report
Year ended 5 April 2021
The trustees present their report and the unaudited financial statements of the charity for the year ended 5 April 2021.
Reference and administrative details
Registered charity name Ohel Torah Charity registration number 1136772 Principal office 61 Broom Lane Salford M7 4FF The trustees B Weiss (Deceased 29 October 2020) S Levenson D Hommel H Royde Accountants Haffner Hoff Ltd Accountants 2nd Floor - Parkgates Bury New Road Prestwich Manchester M25 0TL
Structure, governance and management
Ohel Torah is a charitable trust constituted by a Deed of Trust dated 20 April 2010 and is a registered charity, number 1136772.
The Charity is run by the trustees who all act in an honorary capacity. A new trustee would receive copies of the previous years' Annual Report and Accounts and a copy of the Charity Commission leaflet 'The Essential Trustee : What you need to know'.
Risk Management
The trustees have identified and reviewed the major risks to which the charity is exposed. Both manual and automated checks are regularly invoked, particularly those relating to the operations and finance of the charity. The trustees are satisfied that these systems and procedures mitigate any perceived risks.
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Ohel Torah
Trustees' Annual Report (continued)
Year ended 5 April 2021
Objectives and activities
The objectives of the charity are the promotion of the Jewish faith for the public benefit, the relief of poverty by such means as the trustees think fit and the advancement of education for the public benefit including, but not limited to Orthodox Jewish education.
Public Benefit Policy
We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities.
Grant Making Policy
Grants are made to charitable institutions and organisations which accord with the objects of the charity.
Achievements and performance
During the year the synagogue spent £173,176 running the synagogue and its facilities.
Financial review
Included in additions to Freehold Property is £45,000 representing a settlement payment and associated legal fees paid after the year end as full and final settlement of disputed contractor costs relating to the new synagogue building.
As at 5 April 2021 the charity held unrestricted free reserves of £50,494 (2020:£77,857).
Reserves Policy
The Unrestricted Fund represents the unrestricted funds arising from past operating results.
The trustees are satisfied that the balance of the Fund is an acceptable level of reserves. It is the policy of the charity to maintain sufficient free reserves to ensure the synagogue running expenses can be met on a timely basis, even if the charity were to encounter fundraising shortfalls. This policy is reviewed annually.
Trustees' responsibilities statement
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 and Wales requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, of the charity for that period.
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Ohel Torah
Trustees' Annual Report (continued)
Year ended 5 April 2021
In preparing these financial statements, the trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the applicable Charities SORP;
-
make judgments and accounting estimates that are reasonable and prudent;
-
state whether applicable UK 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 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 applicable Charities (Accounts and Reports) Regulations, 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.
The trustees' annual report was approved on 20 January 2022 and signed on behalf of the board of trustees by:
D Hommel Trustee
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Ohel Torah
Independent Examiner's Report to the Trustees of Ohel Torah
Year ended 5 April 2021
I report to the trustees on my examination of the financial statements of Ohel Torah ('the charity') for the year ended 5 April 2021.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the charity as required by section 130 of the Act; or
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the financial statements do not accord with those records; or
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the financial statements 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.
D Schwarz FCCA Independent Examiner
2nd Floor - Parkgates Bury New Road Prestwich Manchester M25 0TL
20 January 2022
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Ohel Torah
Statement of Financial Activities
Year ended 5 April 2021
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||
| funds | funds | Total funds | Total funds | ||
| Note | £ | £ | £ | £ | |
| Income and endowments | |||||
| Donations and legacies | 4 | 170,610 | 3,803 | 174,413 | 220,202 |
| Hall hire | 5 | 44,526 | – | 44,526 | 36,990 |
| Investment income | 6 | – | – | – | 90 |
| Other income | 7 | 1,714 | – | 1,714 | – |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| Total income | 216,850 | 3,803 | 220,653 | 257,282 | |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ||
| Expenditure | |||||
| Expenditure on raising funds: | |||||
| Costs of Hall Hire | 8 | 7,401 | – | 7,401 | 9,298 |
| Expenditure on charitable activities | 9,10 | 171,575 | 3,803 | 175,378 | 167,314 |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| Total expenditure | 178,976 | 3,803 | 182,779 | 176,612 | |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ||
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| Net income and net movement in | funds | 37,874 | – | 37,874 | 80,670 |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ||
| Reconciliation of funds | |||||
| Total funds brought forward | 2,387,801 | – | 2,387,801 | 2,307,131 | |
| ৄৄৄৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄৄৄৄ | ||
| Total funds carried forward | 2,425,675 | – | 2,425,675 | 2,387,801 | |
| ৶৶৶৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶৶৶৶ |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 7 to 16 form part of these financial statements.
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Ohel Torah
Statement of Financial Position
5 April 2021
| 2021 | 2020 | ||
|---|---|---|---|
| Note | £ | £ | |
| Fixed assets | |||
| Tangible fixed assets | 16 | 2,669,761 | 2,613,132 |
| Investments | 17 | 156,800 | 156,800 |
| ৄৄৄৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄৄৄৄ | ||
| 2,826,561 | 2,769,932 | ||
| Current assets | |||
| Debtors | 18 | 13,340 | 15,772 |
| Cash at bank and in hand | 100,310 | 81,122 | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ||
| 113,650 | 96,894 | ||
| Creditors: amounts falling due within one year | 19 | (63,156) | (19,037) |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ||
| Net current assets | 50,494 | 77,857 | |
| ৄৄৄৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄৄৄৄ | ||
| Total assets less current liabilities | 2,877,055 | 2,847,789 | |
| Creditors: amounts falling due after more than one year | 20 | (451,380) | (459,988) |
| ৄৄৄৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄৄৄৄ | ||
| Net assets | 2,425,675 | 2,387,801 | |
| ৶৶৶৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶৶৶৶ | ||
| Funds of the charity | |||
| Unrestricted funds | 2,425,675 | 2,387,801 | |
| ৄৄৄৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄৄৄৄ | ||
| Total charity funds | 22 | 2,425,675 | 2,387,801 |
| ৶৶৶৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶৶৶৶ |
These financial statements were approved by the board of trustees and authorised for issue on 20 January 2022, and are signed on behalf of the board by:
D Hommel Trustee
The notes on pages 7 to 16 form part of these financial statements.
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Ohel Torah
Notes to the Financial Statements
Year ended 5 April 2021
1. General information
The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is 61 Broom Lane, Salford, M7 4FF.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Charities Act 2011.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements did not require management to make judgements, estimates or assumptions that affect the amounts reported at the year end.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
Incoming resources
All income is included in the statement of financial activities when entitlement has passed to the charity, it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
- income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
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Ohel Torah
Notes to the Financial Statements (continued)
Year ended 5 April 2021
3. Accounting policies (continued)
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
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expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, and the sale of donated goods.
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expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
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other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings - 25% reducing balance
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Ohel Torah
Notes to the Financial Statements (continued)
Year ended 5 April 2021
3. Accounting policies (continued)
Investments
Investments in joint property syndicates
This represents capital introduced by the charity into the syndicates plus accrued surpluses less deficiencies but without revaluing the syndicate properties.
Some of the syndicates in which the charity is a participator have borrowings which are secured on the syndicate properties.
The charity accounts for its syndicate investments under the 'equity accounting' basis and thus the charity's share of such borrowings are not included in these accounts.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cashgenerating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or paable including any related transaction costs, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises.
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Ohel Torah
Notes to the Financial Statements (continued)
Year ended 5 April 2021
4. Donations and legacies
| Unrestricted | Restricted | Total Funds | |||
|---|---|---|---|---|---|
| Funds | Funds | 2021 | |||
| £ | £ | £ | |||
| Donations | |||||
| Donations | 155,349 | – | 155,349 | ||
| Building fund donations | 15,261 | – | 15,261 | ||
| Grants | |||||
| – | 3,803 | 3,803 | |||
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |||
| 170,610 | 3,803 | 174,413 | |||
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | |||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2020 | |||
| £ | £ | £ | |||
| Donations | |||||
| Donations | 146,144 | – | 146,144 | ||
| Building fund donations | 64,058 | – | 64,058 | ||
| Grants | |||||
| – | 10,000 | 10,000 | |||
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |||
| 210,202 | 10,000 | 220,202 | |||
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | |||
| 5. | Hall hire | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2021 | Funds | 2020 | ||
| £ | £ | £ | £ | ||
| Hall Income | 44,526 | 44,526 | 36,990 | 36,990 | |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ||
| 6. | Investment income | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2021 | Funds | 2020 | ||
| £ | £ | £ | £ | ||
| Bank interest receivable | – | – | 90 | 90 | |
| ৶৶৶৶ | ৶৶৶৶ | ৶৶৶৶ | ৶৶৶৶ | ||
| 7. | Other income | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2021 | Funds | 2020 | ||
| £ | £ | £ | £ | ||
| CJRS | 1,714 | 1,714 | – | – | |
| ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶ | ৶৶৶৶ |
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Ohel Torah
Notes to the Financial Statements (continued)
Year ended 5 April 2021
8. Costs of hall hire
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
|---|---|---|---|---|---|
| Funds | 2021 | Funds | 2020 | ||
| £ | £ | £ | £ | ||
| Cleaning | 7,401 | 7,401 | 9,298 | 9,298 | |
| ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ||
| 9. | Expenditure on charitable activities by fund type | ||||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2021 | |||
| £ | £ | £ | |||
| Charitable activities | 169,373 | 3,803 | 173,176 | ||
| Support costs | 2,202 | – | 2,202 | ||
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |||
| 171,575 | 3,803 | 175,378 | |||
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | |||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2020 | |||
| £ | £ | £ | |||
| Charitable activities | 154,762 | 10,000 | 164,762 | ||
| Support costs | 2,552 | – | 2,552 | ||
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |||
| 157,314 | 10,000 | 167,314 | |||
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ |
| 10. | Expenditure on charitable activities by activity type | Expenditure on charitable activities by activity type | Expenditure on charitable activities by activity type | |||
|---|---|---|---|---|---|---|
| Activities | ||||||
| undertaken | Grant funding | Total funds | Total fund | |||
| directly | of activities Support | costs | 2021 | 2020 | ||
| £ | £ | £ | £ | £ | ||
| Charitable activities | 110,164 | 63,012 | – | 173,176 | 164,762 | |
| Governance costs | – | – | 2,202 | 2,202 | 2,552 | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| 110,164 | 63,012 | 2,202 | 175,378 | 167,314 | ||
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ||
| 11. | Analysis of grants |
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Grants to institutions | ||
| Grants to institutions | 35,550 | 10,830 |
| Grants to individuals | ||
| Grants to individuals | 27,462 | 21,775 |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |
| Total grants | 63,012 | 32,605 |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ |
- 11 -
Ohel Torah
Notes to the Financial Statements (continued)
Year ended 5 April 2021
11. Analysis of grants (continued)
Grants to Individuals
2021 £ 27,462
The above grants went towards the advancement of Jewish religion.
Grants to Institutions
| £ | |
|---|---|
| Manchester Hachnosas Kalloh Fund | 2,000 |
| TTT | 33,150 |
| Yad Eliezer Trust | 400 |
| ৄৄৄৄৄৄৄৄ | |
| Total Grants to Institutions | 35,550 |
| ৄৄৄৄৄৄৄৄ | |
| Total Grants | 63,012 ৶৶৶৶৶৶৶৶ |
The above grants went towards the following purposes; the relief of poverty, relief of those in need by reason of ill health or disability, the advancement of Jewish religion and the advancement of Jewish religious education.
12. Net income
Net income is stated after charging/(crediting):
| Net income is stated after charging/(crediting): | |||
|---|---|---|---|
| 2021 | 2020 | ||
| £ | £ | ||
| Depreciation of tangible fixed assets | 10,722 | 9,436 | |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ||
| 13. | Independent examination fees | ||
| 2021 | 2020 | ||
| £ | £ | ||
| Fees payable to the independent examiner for: | |||
| Independent examination of the financial statements | 1,200 | 1,200 | |
| ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ||
| 14. | Staff costs |
The total staff costs and employee benefits for the reporting period are analysed as follows:
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Wages and salaries | 21,725 | 21,731 |
| Employer contributions to pension plans | 16,501 | 18,931 |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |
| 38,226 | 40,662 | |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ |
The average head count of employees during the year was 2 (2020: 2).
- 12 -
Ohel Torah
Notes to the Financial Statements (continued)
Year ended 5 April 2021
14. Staff costs (continued)
No employee received employee benefits of more than £60,000 during the year (2020: Nil).
15. Trustee remuneration and expenses
No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.
16. Tangible fixed assets
| Freehold | Fixtures and | Torah | |||
|---|---|---|---|---|---|
| property | fittings | Scrolls etc | Library | Total | |
| £ | £ | £ | £ | £ | |
| Cost | |||||
| At 6 April 2020 | 2,455,867 | 40,597 | 117,400 | 11,559 | 2,625,423 |
| Additions | 50,923 | 14,583 | – | 1,845 | 67,351 |
| ৄৄৄৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄৄৄৄ | |
| At 5 April 2021 | 2,506,790 | 55,180 | 117,400 | 13,404 | 2,692,774 |
| ৶৶৶৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶৶৶৶ | |
| Depreciation | |||||
| At 6 April 2020 | – | 12,291 | – | – | 12,291 |
| Charge for the year | – | 10,722 | – | – | 10,722 |
| ৄৄৄৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄৄৄৄ | |
| At 5 April 2021 | – | 23,013 | – | – | 23,013 |
| ৶৶৶৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶৶৶৶ | |
| Carrying amount | |||||
| At 5 April 2021 | 2,506,790 | 32,167 | 117,400 | 13,404 | 2,669,761 |
| ৶৶৶৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶৶৶৶ | |
| At 5 April 2020 | 2,455,867 | 28,306 | 117,400 | 11,559 | 2,613,132 |
| ৶৶৶৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶৶৶৶ |
17. Investments
| Other | |
|---|---|
| investments | |
| £ | |
| Cost or valuation | |
| At 6 April 2020 | 156,800 |
| Additions | – |
| ৄৄৄৄৄৄৄৄৄ | |
| At 5 April 2021 | 156,800 |
| ৶৶৶৶৶৶৶৶৶ | |
| Impairment | |
| At 6 April 2020 and 5 April 2021 | – |
| ৶৶৶৶৶৶৶৶৶ | |
| Carrying amount | |
| At 5 April 2021 | 156,800 |
| ৶৶৶৶৶৶৶৶৶ | |
| At 5 April 2020 | 156,800 ৶৶৶৶৶৶৶৶৶ |
All investments shown above are held at valuation.
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Ohel Torah
Notes to the Financial Statements (continued)
Year ended 5 April 2021
17. Investments (continued)
Investments in joint property syndicates
Other Investments are joint property syndicates. This is comprised of capital introduced by the charity into the syndicates plus accrued surpluses less deficiencies but without revaluing the syndicate properties.
18. Debtors
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Prepayments and accrued income | 2,040 | 2,004 |
| Other debtors | 11,300 | 13,768 |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |
| 13,340 | 15,772 | |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | |
| Creditors: amounts falling due within one year | ||
| 2021 | 2020 | |
| £ | £ | |
| Bank loans and overdrafts - secured | 14,001 | 13,001 |
| Accruals and deferred income | 48,771 | 6,036 |
| Social security and other taxes | 384 | – |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |
| 63,156 | 19,037 | |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | |
| Creditors: amounts falling due after more than one year | ||
| 2021 | 2020 | |
| £ | £ | |
| Bank loans and overdrafts - secured | 451,380 | 459,988 |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ |
19. Creditors: amounts falling due within one year
20. Creditors: amounts falling due after more than one year
21. Pensions and other post retirement benefits
Defined contribution plans
The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £16,501 (2020: £18,931).
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Ohel Torah
Notes to the Financial Statements (continued)
Year ended 5 April 2021
22. Analysis of charitable funds
| Unrestricted funds | |||||
|---|---|---|---|---|---|
| At | At | ||||
| 6 April 2020 | Income | Expenditure | Transfers | 5 April 2021 | |
| £ | £ | £ | £ | £ | |
| General funds | 2,387,801 | 216,850 | (178,976) | – | 2,425,675 |
| ৶৶৶৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶ | ৶৶৶৶৶৶৶৶৶৶৶৶ | |
| At | At | ||||
| 6 April 2019 | Income | Expenditure | Transfers | 5 April 2020 | |
| £ | £ | £ | £ | £ | |
| General funds | 2,275,988 | 247,282 | (166,612) | 31,143 | 2,387,801 |
| ৶৶৶৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶৶৶৶ | |
| Restricted funds | |||||
| At | At | ||||
| 6 April 2020 | Income | Expenditure | Transfers | 5 April 2021 | |
| £ | £ | £ | £ | £ | |
| Restricted Fund | – | 3,803 | (3,803) | – | – |
| ৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶ | ৶৶৶৶ | |
| At | At | ||||
| 6 April 2019 | Income | Expenditure | Transfers | 5 April 2020 | |
| £ | £ | £ | £ | £ | |
| Restricted Fund | 31,143 ৶৶৶৶৶৶৶৶ |
10,000 ৶৶৶৶৶৶৶৶ |
(10,000) ৶৶৶৶৶৶৶৶ |
(31,143) ৶৶৶৶৶৶৶৶ |
– ৶৶৶৶ |
23. Analysis of net assets between funds
| Unrestricted | Total Funds | |
|---|---|---|
| Funds | 2021 | |
| £ | £ | |
| Tangible fixed assets | 2,669,761 | 2,669,761 |
| Investments | 156,800 | 156,800 |
| Current assets | 113,650 | 113,650 |
| Creditors less than 1 year | (63,156) | (63,156) |
| Creditors greater than 1 year | (451,380) | (451,380) |
| ৄৄৄৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄৄৄৄ | |
| Net assets | 2,425,675 | 2,425,675 |
| ৶৶৶৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶৶৶৶ | |
| Unrestricted | Total Funds | |
| Funds | 2020 | |
| £ | £ | |
| Tangible fixed assets | 2,613,132 | 2,613,132 |
| Investments | 156,800 | 156,800 |
| Current assets | 96,894 | 96,894 |
| Creditors less than 1 year | (19,037) | (19,037) |
| Creditors greater than 1 year | (459,988) | (459,988) |
| ৄৄৄৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄৄৄৄ | |
| Net assets | 2,387,801 | 2,387,801 |
| ৶৶৶৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶৶৶৶ |
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Ohel Torah
Notes to the Financial Statements (continued)
Year ended 5 April 2021
24. Taxation
Ohel Torah is a registered charity and therefore is not liable to income tax or corporation tax on income derived from its charitable activities, as it falls within the various exemptions available to registered charities.
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