REGISTERED COMPANY NUMBER: 07079321 (England and Wales) REGISTERED CHARITY NUMBER: 1136805
Report of the Trustees and
Unaudited Financial Statements FOR THE YEAR ENDED 30 November 2024
for
BEIS HAMEDRASH NISHMAS YISROEL LTD
Melinek Fine LLP Chartered Accountants First Floor, Winston House 349 Regents Park Road London
N3 1DH
BEIS HAMEDRASH NISHMAS YISROEL LTD
Contents of the Financial Statements FOR THE YEAR ENDED 30 NOVEMBER 2024
| Page | |
|---|---|
| Report of the Trustees | 1 to 2 |
| Independent Examiner's Report | 3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 |
| Cash Flow Statement | 6 |
| Notes to the Cash Flow Statement | 7 |
| Notes to the Financial Statements | 8 to 12 |
BEIS HAMEDRASH NISHMAS YISROEL LTD (REGISTERED NUMBER: 07079321)
Report of the Trustees FOR THE YEAR ENDED 30 NOVEMBER 2024
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 30 November 2024. 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 charity’s objects are specifically restricted to the advancement of the Orthodox Jewish religion for the benefit of the public, which it seeks to achieve through the holding of prayer meetings, study sessions, lectures, and the public celebration of religious festivals in accordance with the tenets of the Orthodox Jewish faith. The charity also aims to relieve financial hardship, either generally or individually, amongst the elderly or those experiencing need, hardship, or distress within the Orthodox Jewish community. This is done by making loans or grants of money to provide or pay for items, services, or facilities, or by directly providing such persons with goods or services they could not otherwise afford. In addition, the charity works to advance the education of Jewish pupils in accordance with the tenets of the Orthodox Jewish religion by providing and supporting appropriate educational facilities.
Public benefit
The Trustees confirm their compliance with the duty to have due regard to the Public Benefit guidance published by the Charity Commission when reviewing the charity's aims and objectives and in planning future activities.
Grantmaking
Grants are made to charitable institutions and organisations whose activities align with the objectives of the charity, particularly those supporting the Orthodox Jewish community through religious, educational, or welfare-based initiatives. In addition to institutional support, the charity also provides financial assistance to individuals and families experiencing hardship, especially the elderly or those facing financial distress. All grant applications are considered by the trustees with reference to the charity’s governing document and public benefit obligations.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
The trustees are satisfied with the charity’s performance during the year. The synagogue operated by the charity continued to hold regular prayer services, study sessions, and educational lectures, along with other religious and community programmes. These activities support the charity’s aim of advancing the Orthodox Jewish religion and education.
The charity also increased its grantmaking activity. During the year ended 30 November 2024, grants totalling £102,048 were made, compared to £72,055 in the previous year. Of this amount, £71,390 was distributed to individuals and families in financial need, and £30,658 was granted to other charitable institutions.
FINANCIAL REVIEW
Principal funding sources
The trustees monitor income and expenditure closely to ensure that sufficient resources are maintained to meet ongoing commitments. Based on the current level of funding and anticipated needs, the trustees consider the financial position of the charity to be stable and sufficient to support its activities.
Reserves policy
The charity does not maintain a reserves policy, as reserves are distributed when they become available, at the trustees' discretion. The present level of funding is adequate to support the continuation of its objects and the trustees consider the financial position of the charity to be satisfactory.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
Recruitment and appointment of new trustees
It is not the intention of the charity to appoint any new trustees. Should the situation change in the future, the trustees will apply suitable recruitment, induction and training procedures. At every trustee body meeting, time is set aside for trustee training of current significance.
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BEIS HAMEDRASH NISHMAS YISROEL LTD (REGISTERED NUMBER: 07079321)
Report of the Trustees FOR THE YEAR ENDED 30 NOVEMBER 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT 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.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
07079321 (England and Wales)
Registered Charity number 1136805
Registered office
First Floor, Winston House 349 Regents Park Road London N3 1DH
Trustees
D Z Conway A Gertner B Groszman S Unsdorfer
Company Secretary
A Gertner
Independent Examiner
Melinek Fine LLP Chartered Accountants First Floor, Winston House 349 Regents Park Road London N3 1DH
Approved by order of the board of trustees on 5 September 2025 and signed on its behalf by:
A Gertner - Trustee
Page 2
Independent Examiner's Report to the Trustees of Beis Hamedrash Nishmas Yisroel Ltd
Independent examiner's report to the trustees of Beis Hamedrash Nishmas Yisroel Ltd ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 November 2024.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act 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; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
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.
Mr Daniel Fine, FCA
Melinek Fine LLP Chartered Accountants First Floor, Winston House 349 Regents Park Road London N3 1DH
5 September 2025
Page 3
BEIS HAMEDRASH NISHMAS YISROEL LTD
Statement of Financial Activities FOR THE YEAR ENDED 30 NOVEMBER 2024
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 494,604 Investment income 3 15,314 Other income - Total 509,918 EXPENDITURE ON Charitable activities 4 Charitable activities 342,683 NET INCOME/(EXPENDITURE) 167,235 RECONCILIATION OF FUNDS Total funds brought forward 362,062 TOTAL FUNDS CARRIED FORWARD 529,297 |
Restricted fund £ - - - - 65,108 (65,108) 65,108 - |
2024 Total funds £ 494,604 15,314 - 509,918 407,791 102,127 427,170 529,297 |
2023 Total funds £ 335,277 20,886 5,425 361,588 415,596 (54,008) 481,178 427,170 |
|---|---|---|---|
The notes form part of these financial statements
Page 4
BEIS HAMEDRASH NISHMAS YISROEL LTD (REGISTERED NUMBER: 07079321)
Balance Sheet 30 NOVEMBER 2024
| Unrestricted fund Notes £ CURRENT ASSETS Debtors 9 1,860 Investments 10 249,747 Cash at bank and in hand 289,309 540,916 CREDITORS Amounts falling due within one year 11 (11,619) NET CURRENT ASSETS 529,297 TOTAL ASSETS LESS CURRENT LIABILITIES 529,297 NET ASSETS 529,297 FUNDS 12 Unrestricted funds Restricted funds TOTAL FUNDS |
Restricted fund £ - - - - - - - - |
2024 Total funds £ 1,860 249,747 289,309 540,916 (11,619) 529,297 529,297 529,297 529,297 - 529,297 |
2023 Total funds £ 4,125 245,872 187,652 437,649 (10,479) 427,170 427,170 427,170 362,062 65,108 427,170 |
|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.
-
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(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 prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 5 September 2025 and were signed on its behalf by:
A Gertner - Trustee
The notes form part of these financial statements
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BEIS HAMEDRASH NISHMAS YISROEL LTD
Cash Flow Statement FOR THE YEAR ENDED 30 NOVEMBER 2024
| Notes Cash flows from operating activities Cash generated from operations 1 Net cash provided by/(used in) operating activities Cash flows from investing activities Purchase of current asset investments Interest received Net cash provided by 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 |
2024 £ 94,518 94,518 (3,875) 11,014 7,139 101,657 187,652 289,309 |
2023 £ (63,754) (63,754) (3,011) 6,636 3,625 (60,129) 247,781 187,652 |
|---|---|---|
The notes form part of these financial statements
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BEIS HAMEDRASH NISHMAS YISROEL LTD
Notes to the Cash Flow Statement
FOR THE YEAR ENDED 30 NOVEMBER 2024
| 1. | RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING | RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING | RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING |
|---|---|---|---|
| ACTIVITIES | |||
| 2024 | 2023 | ||
| £ | £ | ||
| Net income/(expenditure) for the reporting period (as per the | |||
| Statement of Financial Activities) | 102,127 | (54,008) | |
| Adjustments for: | |||
| Interest received | (11,014) | (6,636) | |
| Decrease/(increase) in debtors | 2,265 | (1,110) | |
| Increase/(decrease) in creditors | 1,140 | (2,000) | |
| Net cash provided by/(used in) operations | 94,518 | (63,754) |
2.
ANALYSIS OF CHANGES IN NET FUNDS
| At 1.12.23 | Cash flow | At 30.11.24 | |
|---|---|---|---|
| £ | £ | £ | |
| Net cash | |||
| Cash at bank and in hand | 187,652 | 101,657 | 289,309 |
| 187,652 | 101,657 | 289,309 | |
| Liquid resources | |||
| Deposits included in cash | - | - | - |
| Current asset investments | 245,872 | 3,875 | 249,747 |
| 245,872 | 3,875 | 249,747 | |
| Total | 433,524 | 105,532 | 539,056 |
The notes form part of these financial statements
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BEIS HAMEDRASH NISHMAS YISROEL LTD
Notes to the Financial Statements FOR THE YEAR ENDED 30 NOVEMBER 2024
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.
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.
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.
2. DONATIONS AND LEGACIES
| Donations Gift aid Grants Grants received, included in the above, are as follows: Other grants |
2024 £ 442,089 45,785 6,730 494,604 2024 £ 6,730 |
2023 £ 335,277 - - 335,277 2023 £ - |
|---|---|---|
continued...
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BEIS HAMEDRASH NISHMAS YISROEL LTD
Notes to the Financial Statements - continued FOR THE YEAR ENDED 30 NOVEMBER 2024
| 3. INVESTMENT INCOME Rents received Deposit account interest Curr asset inv income 4. CHARITABLE ACTIVITIES COSTS Charitable activities 5. GRANTS PAYABLE Charitable activities |
2024 £ 4,300 2,419 8,595 15,314 |
2023 £ 14,250 1,544 5,092 |
||||
|---|---|---|---|---|---|---|
| 20,886 | ||||||
| Direct Costs £ 304,579 |
Grant funding of activities (see note 5) £ 102,048 |
Support costs (see note 6) £ 1,164 2024 £ |
Totals £ 407,791 |
|||
| 2023 £ |
||||||
| 102,048 | 72,055 |
| Grant | |||
|---|---|---|---|
| funding of | |||
| activities | Support | ||
| Direct | (see note | costs (see | |
| Costs | 5) | note 6) | Totals |
| £ | £ | £ | £ |
| 304,579 | 102,048 | 1,164 | 407,791 |
| 2024 | 2023 | ||
| £ | £ | ||
| 102,048 | 72,055 |
6. SUPPORT COSTS Charitable activities
| Governance | ||
|---|---|---|
| Finance | costs | Totals |
| £ | £ | £ |
| 24 | 1,140 | 1,164 |
7. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30 November 2024 nor for the year ended 30 November 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 30 November 2024 nor for the year ended 30 November 2023.
continued...
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BEIS HAMEDRASH NISHMAS YISROEL LTD
Notes to the Financial Statements - continued FOR THE YEAR ENDED 30 NOVEMBER 2024
| 8. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | |||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | |||
| fund | fund | funds | |||
| £ | £ | £ | |||
| INCOME AND ENDOWMENTS FROM | |||||
| Donations and legacies | 198,793 | 136,484 | 335,277 | ||
| Investment income | 20,886 | - | 20,886 | ||
| Other income | 5,425 | - | 5,425 | ||
| Total | 225,104 | 136,484 | 361,588 | ||
| EXPENDITURE ON | |||||
| Charitable activities | |||||
| Charitable activities | |||||
| 223,173 | 192,423 | 415,596 | |||
| NET INCOME/(EXPENDITURE) | 1,931 | (55,939) | (54,008) | ||
| RECONCILIATION OF FUNDS | |||||
| Total funds brought forward | 360,131 | 121,047 | 481,178 | ||
| TOTAL FUNDS CARRIED FORWARD | 362,062 | 65,108 | 427,170 | ||
| 9. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||
| 2024 | 2023 | ||||
| £ | £ | ||||
| Other debtors | 1,860 | 4,125 | |||
| 10. | CURRENT ASSET INVESTMENTS | ||||
| 2024 | 2023 | ||||
| £ | £ | ||||
| Unlisted investments | 249,747 | 245,872 |
continued...
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BEIS HAMEDRASH NISHMAS YISROEL LTD
Notes to the Financial Statements - continued FOR THE YEAR ENDED 30 NOVEMBER 2024
11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Other creditors Accruals and deferred income 12. MOVEMENT IN FUNDS Unrestricted funds General fund Restricted funds Restricted Fund TOTAL FUNDS Net movement in funds, included in the above are as follows: Unrestricted funds General fund Restricted funds Restricted Fund TOTAL FUNDS Comparatives for movement in funds Unrestricted funds General fund Restricted funds Restricted Fund TOTAL FUNDS |
At 1.12.23 £ 362,062 65,108 427,170 Incoming resources £ 509,918 - 509,918 At 1.12.22 £ 360,131 121,047 481,178 |
2024 2023 £ £ 10,479 10,479 1,140 - 11,619 10,479 Net movement At in funds 30.11.24 £ £ 167,235 529,297 (65,108) - 102,127 529,297 Resources Movement expended in funds £ £ (342,683) 167,235 (65,108) (65,108) (407,791) 102,127 Net movement At in funds 30.11.23 £ £ 1,931 362,062 (55,939) 65,108 (54,008) 427,170 |
|---|---|---|
continued...
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BEIS HAMEDRASH NISHMAS YISROEL LTD
Notes to the Financial Statements - continued FOR THE YEAR ENDED 30 NOVEMBER 2024
12. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Restricted Fund TOTAL FUNDS |
Incoming resources £ 225,104 136,484 361,588 |
Resources Movement expended in funds £ £ (223,173) 1,931 (192,423) (55,939) (415,596) (54,008) |
|---|---|---|
13. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 30 November 2024.
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