2022-07-31-accounts

07328533

CHARITY REGISTERED NUMBER: 1140795

DARCHEI TORAH LIMITED

DIRECTORS' AND TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2022

BROOKS & CO. CHARTERED ACCOUNTANTS SALFORD M7 4FR TELEPHONE: [phone] EMAIL: [e-mail] WEB: BROOKSANDCOACCOUNTANTSSALFORD.CO.UK

DARCHEI TORAH LIMITED

LEGAL AND ADMINISTRATIVE INFORMATION

Company Number:	07328533
Registered Charity Number:	1140795
Chairman:	A Y Goldman
Treasurer:	Y Hassell
Director:	A Y Goldman
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: [phone]
	email: [e-mail]
	Web: brooksandcoaccountantssalford.co.uk

DARCHEI TORAH LIMITED

FOR THE YEAR ENDED 31 JULY 2022

CONTENTS

	Page
Charity - Examiners report	1
Trustees' report	3
Balance sheet	6
Statement of financial activities	8
Schedule of funds	9
Notes	10

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF DARCHEI TORAH LIMITED

FOR THE YEAR ENDED 31 JULY 2022

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 1

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF DARCHEI TORAH LIMITED (Continued)

FOR THE YEAR ENDED 31 JULY 2022

........................................ Dated: 22 April 2023 Brooks & Co. Chartered Accountants Salford M7 4FR Telephone: [phone] email: [e-mail] Web: brooksandcoaccountantssalford.co.uk

Page 2

DARCHEI TORAH LIMITED

DIRECTORS' AND TRUSTEES' REPORT

FOR THE YEAR ENDED 31 JULY 2022

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 2022. 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 3

DARCHEI TORAH LIMITED

DIRECTORS' AND TRUSTEES' REPORT (Continued)

FOR THE YEAR ENDED 31 JULY 2022

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 4

DARCHEI TORAH LIMITED

DIRECTORS' AND TRUSTEES' REPORT (Continued)

FOR THE YEAR ENDED 31 JULY 2022

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:

• select suitable accounting policies and apply them consistently;

• observe the methods and principles in the Charities SORP;

• make judgements and 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 a going concern basis unless it is inappropriate to presume that the charity will continue in operation.

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 22 April 2023 and signed on its behalf.

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

Page 5

COMPANY NUMBER: 07328533

DARCHEI TORAH LIMITED

BALANCE SHEET

AT 31 JULY 2022

	Note		2022		2021
		£	£	£		£
Tangible fixed assets
Tangible assets	4		791,372			757,112
Current assets
Debtors	5	12,100		12,100
Bank Accounts		108,736		77,833
		––––––––		––––––––
		120,836		89,933
Creditors
Amounts falling due within
one year	6	623		624
		––––––––		––––––––
Net current assets			120,213			89,309
			––––––––		––––––––
Total assets less current liabilities			911,585			846,421
Long term Loans
Santander Mortgage	6		(345,166)		(345,166)
			––––––––		––––––––
Net assets			£ 566,419		£	501,255
			––––––––		––––––––
Capital funds
Restricted funds (Building less long	term loans)		409.547			409,547
Unrestricted funds			156,872			91,708
			––––––––		––––––––
Total funds			£ 566,419		£	501,255
			––––––––		––––––––

For the year ending 31 July 2022 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 22 April 2023 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 2022

		Total	Total
	Unrest'd	Funds	Funds
	Funds	2022	2021
	£	£	£
Incoming resources
Incoming Resources from generated funds:
Voluntary income and fees	164,452	164,452	106,866
Office rental income	75,766	75,766	62,571
Grants and sundry income	47,128	47,128	21,491
	–––––––	–––––––	–––––––
Total incoming resources	287,346	287,346	190,931
	–––––––	–––––––	–––––––
Resources expended
Cost of generating voluntary income and fees	155,224	155,224	99,734
Sundries	6,140	6,140	8,828
Governance costs	60,819	60,819	19,663
	–––––––	–––––––	–––––––
Total resources expended	222,183	222,183	128,225
	–––––––	–––––––	–––––––
Net movement in funds	65,163	65,163	62,706
Total funds brought forward	£ 501,255	£ 501,255	438,549
	–––––––	–––––––	–––––––
Total funds carried forward	£ 566,418	£ 566,418	£ 501,255
	–––––––	–––––––	–––––––

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 2022

		2022			2021
	£		£	£		£
General Fund
Balance Brought Forward	501,255			438,548
Surplus for the year	65,163			62,707
	–––––––			–––––––
			566,418			501,255
			–––––––			–––––––
Total funds at 31 July 2022		£	566,418			£501,255
			–––––––			–––––––

Page 9

DARCHEI TORAH LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2022

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 2022

3. Staff costs

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

	2022 2021
Administration	2 2
Teaching	8 8
	–––––– ––––––
	10 10
	–––––– ––––––
The aggregate payroll costs of these persons were as follows:
	2022 2021
	£ £
Wages and salaries (2021 – net of JRS (Covid19) Grants)	60,819 19,663
	–––––– ––––––
	£ 60,819 £ 19,663
	–––––– ––––––

4. Tangible fixed assets

Land and Buildings £ Cost: At 1 August 2021 754,713 Additions 34,260 ––––––– At 31 July 2022 788,973 ––––––– Net book value: At 31 July 2022 £ 788,973 ––––––– At 31 July 2021 £ 754,713 –––––––	Motor Vehicles Total £ £ 2,399 757,112 - 34,260 ––––––– ––––––– 2,399 791,372 ––––––– ––––––– £ 2,399 £ 791,372 ––––––– ––––––– £ 2,399 £ 757,112 ––––––– –––––––

Page 11

DARCHEI TORAH LIMITED

NOTES TO THE FINANCIAL STATEMENTS (Continued)

FOR THE YEAR ENDED 31 JULY 2022

5. Debtors and prepayments

	Amounts falling due within one year:
		2022	2021
		£	£
	Prepayments and Accrued Income	4,100	4,100
	Outstanding fees	8,000	8,000
		––––––	––––––
		£12,100	£12,100
		––––––	––––––
6.	Creditors
	Amounts falling due within one year:-
		2022	2021
		£	£
	Accruals and Deferred Income	623	624
		–––––––	–––––––
		£ 623	£ 624
		–––––––	–––––––
	Amounts falling due after more than one year:-
	Bank Loans	345,166	345,166
		–––––––	–––––––
		£345,166	£345,166
		–––––––	–––––––

Page 12

DARCHEI TORAH LIMITED

NOTES TO THE FINANCIAL STATEMENTS (Continued)

FOR THE YEAR ENDED 31 JULY 2022

7.	Incoming resources
		Unrest'd	Total	Total
		Funds	Funds	Funds
		2022	2022	2021
		£	£	£
	Voluntary income and fees
	Fees	116,049	116,049	56,928
	Private Donations	48,403	48,403	49,938
		–––––––	–––––––	–––––––
		164,452	164,452	106,866
		–––––––	–––––––	–––––––
	Governance costs
	Office Rental Income	75,766	75,766	62,751
	Grants	33,764	33,764	10,000
	Security Sales and Purim Raffle	13,364	13,364	11,494
		–––––––	–––––––	–––––––
		122,894	122,894	84,065
		–––––––	–––––––	–––––––
8.	Cost of generating voluntary income and fees
		2022	2022	2021
		£	£	£
	Stationery and Books	163		65
	Telecommunications and IT	823		1,016
	Outsourced service costs and repairs	20,244		12,304
	Food	35,872		11,885
	Security (net of grants)	-		-
	Legal and professional	5,836		10,583
	Consultancy	150		766
	Training	5,490		154
	Travel and Motor	4,318		5,700
	Student Support	23,992		12,763
	Insurance, Light and Heat	31,630		15,805
	Rent and rates	(2,031)		8,962
	Advertising	3,846		2,770
	Bank charges and loan interest	24,891		16,961
		–––––––		–––––––
			155,224	99,734
			–––––––	–––––––

DARCHEI TORAH LIMITED

NOTES TO THE FINANCIAL STATEMENTS (Continued)

FOR THE YEAR ENDED 31 JULY 2022

9. Sundries 2022 £ Environmental costs and Health & Safety 5,440 Charitable Donation 700 –––––– 10. Governance Costs 2022 £ Wages and salaries - Administration 60,819 ––––––	2022 £ 6,140 –––––– 2022 £ 60,819 ––––––		2021 £ 6,993 1,835 –––––– 8,828 ––––––
			2021 £ 19,663 –––––– 19,663 ––––––

11. Related party transactions

There were no related party transactions.