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2021-07-31-accounts

07328533

CHARITY REGISTERED NUMBER: 1140795

DARCHEI TORAH LIMITED

DIRECTORS' AND TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2021

BROOKS & CO. CHARTERED ACCOUNTANTS SALFORD

M7 4FR

TELEPHONE: 0161 795 7577 EMAIL: GOLDMANMR@GMAIL.COM WEB: BROOKSANDCOACCOUNTANTSSALFORD.CO.UK

DARCHEI TORAH LIMITED

LEGAL AND ADMINISTRATIVE INFORMATION

Company Number: 07328533
Registered Charity Number: 1140795
Dean: A Y Goldman
Treasurer: Y Hassell
Trustees: Mr M E Beck
Mr N Jaffe
Mr I D Leitner
Secretary: Y Hassell
Registered Office: 7 The Crescent
Radford Street
Salford
M7 4JR
Accountants: Brooks & Co.
Chartered Accountants
Salford
M7 4FR
Telephone: 0161 795 7577
email: goldmanmr@gmail.com
Web: brooksandcoaccountantssalford.co.uk

DARCHEI TORAH LIMITED

FOR THE YEAR ENDED 31 JULY 2021

CONTENTS

Page
Charity - Trustees Report 1
Independent Examiner's Report 4
Balance sheet 6
Statement of financial activities 8
Schedule of funds 9
Notes 10

DARCHEI TORAH LIMITED

DIRECTORS' AND TRUSTEES' REPORT

FOR THE YEAR ENDED 31 JULY 2021

The Council who are also directors of the charity for the purposes of the Companies Act, submit their annual report and the unaudited financial statements for the year ended 31 July 2021. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities" issued in 2005 in preparing the annual report and financial statements of the charity.

Structure, Governance and Management

Governing document

The charity is governed by its Trust deed dated 30 July 2010.

Appointment of trustees

The trustees are responsible for the administration and investment policy of the Scheme. Trustees are appointed and removed by the sponsoring employer.

The trustees who served during the year are set out on the charity information page at the front of these accounts.

Two trustees are elected annually by the members of the company attending the AGM and serve for a period of two years.

Trustee induction and training

New Trustees undergo an orientation day to brief them on their legal obligations under charity and company law, the content of the Memorandum and Articles of Association, the committee and decision making processes, the business plan and recent financial performance of the charity. During the induction day they meet key employees and other trustees. Trustees are encouraged to attend appropriate external training events where these will facilitate the undertaking of their role.

Organisation

A board of trustees of up to 5 members, who meet quarterly, administers the charity. There are sub-committees covering development, membership, finance and accounts. A Chief executive is appointed by the trustees to manage the day-to-day operations of the charity.

Related parties

There were no related party transactions.

Relationships with other groups, charities and individuals

There were no relationships with other groups or charities.

Page 1

DARCHEI TORAH LIMITED

DIRECTORS' AND TRUSTEES' REPORT (Continued)

FOR THE YEAR ENDED 31 JULY 2021

Risk policy

The trustees have examined the major strategic, business and operational risks which the charity faces and confirm that systems have been established to enable regular reports to be produced so that the necessary steps can be taken to lessen these risks.

Volunteers

Many volunteers give up their time to help. We are greatly indebted to these volunteers for their commitment and support.

Objectives and activities

The principal activity of the company is that of providing education.

Achievements and performance

Despite the current economic climate, the company has realised a surplus, which is satisfactory.

Financial review

Plans for future periods

It is hoped that all running costs will be covered by course fees and private donations.

Page 2

DARCHEI TORAH LIMITED

DIRECTORS' AND TRUSTEES' REPORT (Continued)

FOR THE YEAR ENDED 31 JULY 2021

Trustees' responsibilities in relation to the financial statements

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).

Company law requires the trustees to prepare financial statements for each financial year, which give a true and fair view of the state of the affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for the year. In preparing these financial statements, the trustees are required to:

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 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.

This report was approved by the board of directors and trustees on 27 April 2022 and signed on its behalf.

......................................................... M E Beck, N Jaffe, I D Leitner Trustee.

Page 3

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF DARCHEI TORAH LIMITED

FOR THE YEAR ENDED 31 JULY 2021

I report on the accounts which are set out on pages 6 to 14

Respective responsibilities of the Council and examiner

The trustees who are also directors of the company for the purpose of company law are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144 (2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. Having satisfied myself that the charity is not subject under company law and is eligible for independent examination, it is my responsibility to:

Examine the accounts under section 145 of the 2011 Act; follow the procedures laid down in the general directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act); and state whether particular matters have come to my attention.

Basis of independent examiner's report

My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a "true and fair view" and the report is limited to those matters set out in the statement below.

Independent examiner's statement

In connection with my examination, no matter has come to my attention:

  1. which gives me reasonable cause to believe that, in any material respect, the requirements:

a. to keep accounting records in accordance with section 386 of the Companies Act 2006; and

b. to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities

  1. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Page 4

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF DARCHEI TORAH LIMITED (Continued)

FOR THE YEAR ENDED 31 JULY 2021

........................................ Dated: 27 April 2022 Brooks & Co. Chartered Accountants Salford M7 4FR Telephone: 0161 795 7577 email: goldmanmr@gmail.com Web: brooksandcoaccountantssalford.co.uk

Page 5

COMPANY NUMBER: 07328533

DARCHEI TORAH LIMITED

BALANCE SHEET

AT 31 JULY 2021

Note 2021 2020
£ £ £ £
Tangible fixed assets
Tangible assets 4 757,112 417,288
Current assets
Debtors 5 12,100
36,250
Bank Accounts 77,833
88,879
–––––––– ––––––––
89,933
125,129
Creditors
Amounts falling due within
one year 6 624
623
–––––––– ––––––––
Net current assets 89,309 124,506
–––––––– ––––––––
Total assets less current liabilities 846,421 541,794
Long term Loans
Santander Mortgage 345,166 100,245
Private loans - 3,000
–––––––
 –––––––
345,166
103,245
–––––––– ––––––––
Net assets £ 501,255
£		 438,549
–––––––– ––––––––
Capital funds
Restricted funds (Building less long term loans) 409,547 314,043
Unrestricted funds 91,708
124,506
–––––––– ––––––––
Total funds £ 501,255
£		 438,549
–––––––– ––––––––

For the year ending 31 July 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;

The director acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Page 6

COMPANY NUMBER: 07328533

DARCHEI TORAH LIMITED (Continued)

BALANCE SHEET

These financial statements have been prepared in accordance with the special provisions relating to the small companies regime within Part 15 of the Companies Act 2006). Approved by the trustees on 27 April 2022 and signed on its behalf.

...................................................

I D Leitner

The annexed notes form part of these financial statements.

Page 7

DARCHEI TORAH LIMITED

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JULY 2021



Incoming resources
Incoming Resources from generated funds:
Voluntary income and fees

Office rental income
Grants and sundry income


Total incoming resources


Resources expended
Cost of generating voluntary income and fees

Sundries

Governance costs


Total resources expended


Net movement in funds

Total funds brought forward


Total funds carried forward
Unrest'd
Funds
£
106,866
62,571
21,494
––––––––
190,931
––––––––
99,734
8,828
19,663
––––––––
128,225
––––––––
62,706
£ 438,549
––––––––
£ 501,255
––––––––		 Total
Funds
2021
£
106,866
62.571
21,491
––––––––
190,931
––––––––
99,734
8,828
19,663
––––––––
128,225
––––––––
62,706
£ 438,549
––––––––
£ 501,255
––––––––		 Total
Funds
2020
£
190,742

55,490
29,645
––––––––
275,877
––––––––
89,918
9,882
56,291
––––––––
156,091
––––––––
119,786
318,763
––––––––
£ 438,549
––––––––

Details of Incoming resources and resources used are given in the notes to the financial statements.

Page 8

DARCHEI TORAH LIMITED

STATEMENT OF FINANCIAL ACTIVITIES

DETAILED ANALYSIS OF MOVEMENTS IN FUNDS

FOR THE YEAR ENDED 31 JULY 2021

2021 2020
£ £ £ £
General Fund
Balance Brought Forward 438,549 318,763
Surplus for the year 62,706 119,786
–––––––– ––––––––
501,255 438,549
–––––––– ––––––––
Total funds at 31 July 2021 £ 501,255 £ 438,549
–––––––– ––––––––

Page 9

DARCHEI TORAH LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2021

1. Accounting policies

The financial statements are prepared under the historical cost convention, as modified by the inclusion of investments at market value and in accordance with the Companies Act 2006 and the Statement of Recommended Practice: Accounting and Reporting by Charities issued in March 2005.

Cashflow statement

The Company has taken advantage of the exemption in Financial Reporting Standard No.1 from the requirement to produce a cashflow statement on the grounds that it is a small company.

Incoming resources

All incoming resources are included in the SOFA when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.

Resources expended

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with use of the resources.

Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

2. Turnover

Turnover is attributable solely to continuing operations and derives from one activity that of providing education.

Page 10

DARCHEI TORAH LIMITED

NOTES TO THE FINANCIAL STATEMENTS (Continued)

FOR THE YEAR ENDED 31 JULY 2021

3. Staff costs

The average number of persons employed by the company, including director, during the year was as follows:

2021 2020
Administration 2 2
Teaching 8 8
–––––– ––––––
10 10
–––––– ––––––
The aggregate payroll costs of these persons were as follows:
2021 2020
£
£
Wages and salaries – net of JRS (Covid19) Grants 19,663 56,291
–––––– ––––––
£ 19,663 £ 56,291
–––––– ––––––

4. Tangible fixed assets

Land
and

Buildings
£
Cost:
At 1 August 2020
417,288
Additions
337,425
–––––––
At 31 July 2021
754,713
–––––––
Net book value:
At 31 July 2021
£ 754,713

–––––––
At 31 July 2020
£ 417,288
–––––––		 Motor
Vehicles
Total
£
£
- 417,288
2,399 339,824
––––––– –––––––
2,399 757,112
––––––– –––––––
£ 2,399 £757,112
––––––– –––––––
£ - £417,288
––––––– –––––––

Page 11

DARCHEI TORAH LIMITED

NOTES TO THE FINANCIAL STATEMENTS (Continued)

FOR THE YEAR ENDED 31 JULY 2021

5. Debtors and prepayments

Amounts falling due within one year:

Prepayments and Accrued Income

Outstanding fees




6.
Creditors
Amounts falling due within one year:-

Accruals and Deferred Income



Amounts falling due after more than one year:-
Bank Loans

Other Creditors


 2021
£
4,100
8,000
––––––
£ 12,100
––––––
2021
£
624
––––––––
£ 624
––––––––
345,166
-
––––––––
£ 345,166
––––––––		 2020
£
2,800
33,450
––––––
£ 36,250
––––––
2020
£
623
––––––––
£ 623
––––––––
100,245
3,000
––––––––
£ 103,245
––––––––

Page 12

DARCHEI TORAH LIMITED

NOTES TO THE FINANCIAL STATEMENTS (Continued)

FOR THE YEAR ENDED 31 JULY 2021

7. Incoming resources

Unrest'd Total Total
Funds Funds Funds
2021 2021 2020
£ £ £
Voluntary income and fees
Fees 56,928 56,928 120,930
Private Donations 49,938 49,938 69,811
––––––– ––––––– –––––––
106,866 106,866 190,741
––––––– ––––––– –––––––
Governance costs
Office Rental Income 62,571 62,571 55,490
Grants 10,000 10,000 20,000
Security Sales and Purim Raffle 11,494 11,494 9,645
––––––– ––––––– –––––––
84,065 78,021 85,135
––––––– ––––––– –––––––
8. Cost of generating voluntary income and fees
2021 2021 2020
£ £ £
Stationery and Books 65 1,796
Telecommunications and IT 1,016 1,258
Outsourced service costs and repairs 12,304 8,999
Food 11,885 13,537
Security (net of grants) - 204
Legal and professional 10,583 5,664
Consultancy 766 1,947
Training 154 361
Travel and Motor 5,700 4,796
Student Support 12,763 15,389
Insurance, Light and Heat 15,805 23,006
Rent and rates 8,962 8,446
Advertising 2,770 818
Bank charges and loan interest 16,961 3,697
––––––– –––––––
99,734 89,918
––––––– –––––––

Page 13

DARCHEI TORAH LIMITED

NOTES TO THE FINANCIAL STATEMENTS (Continued)

FOR THE YEAR ENDED 31 JULY 2021

9.
Sundries
2021 2021
£
£
Environmental costs and Health & Safety
6,993
Charitable Donation
1,835
––––––

8,828
––––––
10.
Governance Costs
2021 2021

£
£
Wages and salaries - Administration
19,663
––––––

19,663
––––––		 2020
£
8,632
1,250
––––––
9,882
––––––
2020
£
56,291
––––––
56,291
––––––

11. Related party transactions

There were no related party transactions.