Reglstered number.. 7438246 OHR CHODOSH - THE NEW LIGHT TRUST LTD DIRECTORS. REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2022 Sefton Yodaiken & Co. Ltd Chartered Atcountants clo Fairways House George Street Prestwich M25 9WS Ohr Chodosh - The New Light Trust Ltd Directors. Report and Unaudited Financial Statements For The Year Ended 30 November 2022 Contents Page Company Information Directors. Report Accountsnt's Report Income and Expenditure Account Balance Sheet Notes to the Financial Statements The following pages do not forrn part of the statutory accounts.. Detailed Income and Expenditure Account Ohr Chodosh - The New Light Trust Ltd Company Information For The Year Ended 30 November 2022 Dlrectors Mr Shlomo Olewski Rabbi Isaac Goldberg Company Number 7438246 Registered Office Fairways House George Street Prestwich M25 9WS Accountants Sefton Yodaiken & Co. Ltd Chartered Accountants clo Fairways House George Street Prestwich M25 9WS Page I Ohr Chodosh - The New Light Trust Ltd Company No. 7438246 Dlrectors. Report For The Year Ended 30 November 2022 The directors present their report and the financial staternent5 for the year ended 30 Novetnber 2022. Dlrectors The directors who held offlce during the year were as follows.. Mr Shlomo Olewski Rabbi Isaac Goldbery Statement of Directors. Responsibilities The directors are responslble for preparlng the Directors, Report and the flnancial statements In accordance wlth applic3ble law and regulation5. Cornpany law requires the dirertors to prepare financial 5tatetnents for each financial year. Under that law the director5 have elected to prepare the financial statements In actord3nce wlth Unlted Kingdom Generally Accepted Accountlng Practlce (United Kingdom Accounting Standards and applicable lawl. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the surplus or deficit of the company for that period. In preparing the financial statements the directors are required to.. select suitable accounting policies and then apply them consistently,. rnake judgments and accounting estimate5 that are reasonable and prudent,. prepare the financial statements on the going concern basis unless it is inappropri3te to presume that the comp3ny will continue in business. The directors are responsible for keeping adeouate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any tirne the financial position of the cornpany and enable thern to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other The directors are responsible for the maintenance and integrity of the eorpoftte and financial information included on the company's website. Legislation In the United Kingdom governing the preparation and dissemination of financial statements tnay differ frorn legislation in other jurisdictions. Sm•ll Company Rules This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006. On behalf of the t>oard Mr Shlomo Olewsk Director 25/1012023 Page 2 Ohr Chodosh - The New Light Trust Ltd Accountant's Report For The Year Ended 30 November 2022 In accordance with the engagement letter dated and In order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the cornpany from the accounting record5 information and explanations you have given to us. This report is made to the d1￿ctOrS in accordance with the term5 of our engagement. Our work has been undertaken to prepare for approval by the directors the financial statements that we have been engaged to compile, to report to the directors that we have done so, and to state those matters that we have ag￿ed to state to them In this report and for no other purpose. To the fullest extent perrnitted by law, we do not accept or a55urne re5pon5ibility to anyone other thon the Cornpany and the Company's directors for our work or for this report. You have acknowledged on the balance sheet as at year ended 30 November 2022 your duty to ensure that the company has kept proper accounting records and to prepare financial statetnent5 that give a true and fair view under the Companies Act 2006. You conslder that the company Is exempt from rhe statutory requirement for an audlt for the year. We have not been Instructed to carry out an audit of the financial statements. For this reason, have not verified the accuracy or completeness of the accounting record5 or infortnation and explanatlons you have given to us and we do not, therefore, express any opinion on the Financial statements. Signed 25/1012023 Sefton Yodaiken & Co. Ltd Chartered Accountants clo Fairways House George Street Prestwich M25 9WS Page 3 Ohr Chodosh - The New Light Trust Ltd Income and Expenditure Account For The Year Ended 30 November 2022 2022 2021 Notes TURNOVER 70,935 126.497 GROSS SURPLUS 70,935 126,497 Adminlstratlve expenses 183,7601 1195,3131 OPERATING DEFICIT 112,8251 168,8161 15991 Interest payable and similar charge5 DEFICIT FOR THE FINANCIAL YEAR 112,8251 169,4151 The notes on pages 6 to 7 form part of these financial statements. Page 4 Ohr Chodosh - The New Light Trust Ltd Balance Sheet As At 30 November 2022 2022 2021 Notes CURRENT ASSETS Oebtors Investments Cash at bank and in hand 9,000 11,350 1,160 9,000 11,350 1,912 21,510 22,262 Creditors: Amounts Falling Due Within One Year 117,1901 (5,1171 NET CURRENT ASSETS (LIABILITIES) 4,320 17,145 TOTAL ASSETS LESS CURRENT LIABILITIES 4,320 17.145 Creditors: Amounts Falllng Due After More Than One Year 147,4911 147,4911 NET LIABILITIES 143,1711 130,3461 Income and Expenditure Account 143,1711 130,3461 MEMBERS. FUNDS 143,1711 130.3461 For the year ending 30 November 2022 the cotnpany was entitled to exemption from audit under section 477 of the Companies Att 2006 ￿lating to small companies. The mernbers have not required the cornpany to obtain an audit in accordance with section 476 of the Companies Act 2006. The direttors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These accounts have been p￿pared in accordance with the provisions applicable to companies subject to the small companies, regirne. On behalf of the board Mr Shlomo Olewski Director 2511012023 The notes on pages 6 to 7 forrn part of these financial statetnents. Page 5 Ohr Chodosh - The New Light Trust Ltd Notes to the Financial Statements For The Year Ended 30 November 2022 l. General Information Ohr Chod05h The New ￿ght Trust Ltd is a private companyi lirnited by guarantee, incorporated in England & Wales, registered number 7438246. The registered office is Fairways House, Georye Street, Prestwich, M25 9WS. 2. Accountlng Pollcles 2. 1. Basis of Preparation of Financial Statements The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section IA Small Entities 'The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006. 2.2. Turnover Turnover is measured at the fair value of the consideration ￿ceiVed or receivable, net of discounts and value added taxes. Turnover includes revenue earned fmm the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances. Sale of good$ Turnover from the sale of goods Is recognised when the signific3nt risks and rewards of ownership of the goods has tTrn5ferred to the buyer. This 15 usually at the point that the customer has signed for the delivery of the goods. Rendering of services Turnover from the renderlng of servlces Is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only fftcognised to the extent of recoverable expenses when the outcome of a contracl cannot be estimated reliably. 3. Average Number of Employees Average number of ernployees, including directo￿, during the year was.. I 12021.. 11 Debtors 2022 2021 Due within one year Other debtors 9,000 9.000 9.000 9,000 5. Current Asset Investments 2022 2021 Short term deposits 11,350 11,350 11,350 11.350 6. Creditors.. Amounts Falling Due Within One Year 2022 2021 Trade creditors other taxes and social securitv Other creditors Directors. loan accounts 1,050 5,041 9,599 1,500 650 2,967 1,500 17,190 5,117 Page 6 Ohr Chodosh - The New Light Trust Ltd Notes to the Financial Statements (continued) For The Year Ended 30 November 2022 7. Creditors.. Amounts Falling Due After More Than One Year 2022 2021 Bank loans 47,491 47,491 47,491 47,491 8. Company limited by guarantee The cornpany 15 limited by guarantee and has no Share capital. Every rnember of the cornpany undertakes to contribute to the assets of the companyi in the event of a winding Upi such an 3mount as may be requlred not exceeding £1. Page 7 Ohr Chodosh - The New Light Trust Ltd Detailed Income and Expenditure Account For The Year Ended 30 November 2022 2022 2021 TURNOVER Grants and Subsidies received 70,935 70,935 126,497 126,497 GROSS SURPLUS Administrative Expenses Wages and salarie5 Travel expenses Printing, postage and stationery Telecommunications Accountancy fees Commissions payable Research and development costs Bank charges Charitable donations Other office costs Sundry expenses Editing costs 11,673 737 18,967 2,500 7,763 650 5.000 220 400 400 28,725 64,375 11,000 36 88,386 1,059 177 303 23,507 2,131 64 11,000 183,7601 1195,3131 OPERATING DEFICIT 112,8251 168,8161 Interest payable and similar charges Bank loan interest 599 15991 DEFICIT FOR THE FINANCIAL YEAR 112,8251 169,4151 Page 8