Charlty Number 1143411 LONDON RABBINICAL FINANCIAL STATEMENTS 31 AUGUST 2022
LONDON RABBINICAL FINANCIAL STATEMENTS YEAR ENDED 31 AUGUST 2022 CONTENTS PAGE Tnjstees and professional adwsers Trustees Annual Report ststement of Trustees responsibilities 24 Statement of financial actNities Balance sheet Notes to the financial statements 74
LONDON RABBINICAL TRUSTEES AND PROFESSIONAL ADVISERS Registered charfty name London RabbiniLxI Charlty number 1143411 Prlncipal office 207 Hale Lane Edgvrare Middlesex HA8 9QH Trustees Mr S Chontow Mr D A cl¢k Indèpendent examlner JS & CO Accountsnts Ltd 26 TheOn Road London E5 9NA Bankorn Natwest Temple Fortune branch 1175 Finchley Road London NW11 OBE
LONDON RABBINICAL TRUSTEES ANNUAL REPORT YEAR ENDED 31 AUGUST 2022 The trusiees have pleasure in presenting their repM and the utwidited financial Statements of the charity for the year ctsded 31 Augiist 2022. REFERENCE AND ADMINISTRATIVE DETAIIS R¢ference and administralive details are shown in the schedule of trst and prof1Onal adviser5 1 page l of the financia] statements. TWE TRUSTEES The tTusiees who served the company during the period were as follows: Mr S Chontow Mr D A Conick Thc day to day affairs are Undertak by Mr Kleiman (m ialf of the trustees. All major decisions are taken collectiv¢ly by the Its. Thc trusiccs are unpaid and details of any related party transactions are disclosed as applicable in the notes to the aollts. STRUCTURE GOVERNANCE AND MANAGEMENT The charity 15 an unincorporaied cbarity registered with th¢ Charity Commission (Registrdtion No. I146411).The charity is govun¢d by its Tn1 Deed dated 4th August 2011. Recruitment and app)tntment of new Inle¢S would be in line with thc Trust Deed and with the CODsenl of the tnJste¢s. The criteria set for the suitable candidate would be SOM)ne who is 5ensAtive to the nee(ts and demanth of the organisatio London Rabbinical is a charity vknose obj¢rtiv¢ is th¢ advanc¢mfflt of the orth(Mlox Jewish faith. The trustecs confiTm that they have referred to the Charity Commi&sion's 8¢n¢rai guidance on public benefit when reviewing their aims and objectiv&% planning future activitiffj and s¢tting their grant making policies for the year. ACHIEVEME5 AND PERFORMANCE In line with its objeccives. London Rabbinical provithd support in the fonn of granty for students engaged in Jewish Talmudical swdics and have now also rented a building where they teach th¢ students provide support.
LONDON RABBINICAL TRUSTEES ANNUAL REPORT YEAR ENDED 31 AUGUST 2022 FINANCIAL REVIEW Sources of funds are through fundraising and the generosity of the public. The grant making policy is based on the trusttt5' decision following invesiigation of applicants, circum#ances and with special reference to low incorne. Reserves poliey The trustees aim to build up free reserves to a level of 6 months of student grant funding. Investment Policy The Charity has now also inv in a property parthership in ffder to increase its funds. Risk m*n2gement The trustees hav¢ examined the major strategic. businw and operational risks which the harity fac¢5 and Confimi that sythns have been ethlithed to enable regular reports to be produced so that the necessary 51eps can be taken to manage these risks. PLANS FOR FUTURE PERIODS The aim is to continue to wovide support in the forni of for students engaged in Jewish Talmudic studi¢& Signed on behalf of the UILdees Mr D Conick 14 June 2023
LONDON RABBINICAL TRUSTEES RESPONSIBILITIES YEAR ENDED 31 AUGUST 2022 The charity's trSt$ are resw)nsible for the Tnrets Annual Rq)ort aDd the financial statements in accordanc¢ with applicable law and United Kingdom Accounung Standar(ts (United Kingdom Generally Accepted A¢¢ountmg Practic¢). The law applicabl¢ to charirtes in England 8nd W81&s fwuiT&S the trte¢S to prq)are financial statements for ea¢h financial year which give 8 true and fair view of the State of affai of the charity and of the incoming resources and applItiOn of resour$ of the chariry for that perio In preparing these financial 5tatement& the tru5tets arc requirryj to: select suitsble accounting lICI&S and 8pply them consistently: observe the methThJs and principle5 in the Charitie5 SORP. make judgements and estimatrs that are r¢asonabl¢ and prudenL state whether appli¢4ble accounting stsndards bave been followol sllbjt to any materia] departures disclosed and explained in the fuwicial statements; prepare the flnancial ststrtnents the going conLYrn b&8i5 unless it is inappropriate to presume that the clwity will continue in opcrdtion. The tn are responsible for keeping proper accounting recor(Ls that disclose with reasonabl¢ accuracy ai any time the financial tKbSition ol the charity and enable them to ensure that the financial statements comply with the chariti Aa 2011 and the Charity (Accounts and Re)rts) Rcgulations 2008. The tnLStees are a]so reSnSIble for safeguarding the &wts of the charity and hence for taking re&sonable steps for the prevention and detection of fTaud and other wlatities.
LONDON RABBINICAL STATEMENT OF FINANCiAL ACTIVITIES for the year dIng 31 gust 2022 Total Total Restricted Unrestricted 2022 2021 INCOMING RESOURCES Incoming resources from yn•fat•d funds Investment Income Voluntary Income 241.627 241,627 241.627 241,627 227.148 227,148 OTHER INCOME JRS Grant Total Incomlng r•sourc•s 2.391 244.018 2.391 244.018 19.986 247.134 RESOURCES EXPENDED Costs of gcnerdting funds.. Fundraising Cost Costs of ¢h4ri¢Able acdvlties Charitable activities Govemance costs 3.717 3.717 208.573 208.573 6,764 6,764 227,970 7,871 Total resources expended 219.054 219.054 240.721 NEf INCOMINGI(oiJfGOING) RESOURCES 24,964 24.964 6,413 RECONCILIATION OF FUNDS T(rtal funds brought forward 86.690 86.690 80.277 TOTAL FUNDS CARRIED FORWARD 111.654 86,690 The Notes forni part of the ffinancaal statements Page 5
LONDON RAB81NICAL BALANCE SHEET 31-Au*22 2021 FIXED ASSETS Inv&Sents 119.(KKI 119.IKM) CURRENT ASSS. Cash at bank and in harKI 15.148 15.148 4,738 4,738 CREDtroRS: 4movnts falTr9 du• wlthlD ¢)M y•ar -22.494 -37.048 N•t Cunont ass•tsllllablllllM) 111,654 86.690 111.654 86.690 FUNDS UnrestrKted lunds 111.654 86.690 TOTAL FUNDS 111.654 86.690 14 June 2ff23 r behalf by Trustee
NOTES TO THE FINANCLAL STATEIAEKrs 1 ACCOUNTIPIG POUCES 20151. In prepariw the the tharity 10kn best twxtre a5 baxj Statement 80xar peragr• 41911 ofthe SORP. Inc9 r•Bouru• Fund •¢¢oun9 J8t888. 2 VOLUNTARY wcome Totsl TDts] Funds 2•22 2021 241.627 241.627 227.148 3 OTHER INCOIAE JRS Grant 2.391 19,986 4 FUNDIIAISING COST8 Tothl Trtal ReIcted Unrertrfdtd F*Ddx Fw F••ds 2•22 2021 3.717 3.717 3.717 3,717 Totsl Tots] 2•22 2021 Sudrnt Grants Collcg¢ ruTmin8 costs Rent Waorr8t¢s Heal & Ltght Acitvities 67,7YJ 39,219 13,754 67.7 68.945 39219 .158 13.754 24.C( 2.015 2.015 5.376 52.872 52,872 36,flKI 32,W 32. 26.563 3)8.573 208,573 227.970
LONDON RABBINICAL NOTES TO THE FINANCIAL STATEMENTS f(Y the year endww 31 August 2022 GOVERNANCE COSTS Rutricted Unrestrlrt Totsl Fund8 Total Funds Fuuds Findg 2022 2021 Accountancy professnal fees Office Supp Repairs Cleaning Bank tharges Sundries Travel 672 1,010 672 1,010 624 1.550 471 2.531 471 2.531 3.814 1.{3 6,764 455 7,871 6.764 INVESTMENTS 2022 2021 UK Investrnent Propety 119.000 119.000 The fixed asset investment ts held wimwity to an Yweslment retum for the charity and 1$ valued at histor1 cost CREDrroRS: Amoupifs FALLING DUE wfTHIN ONE YEAR 2022 2021 Ara1$ 8ank bon5 arKI Other Creditcxs 672 624 21.822 22.494 36,424 37.048 MOVEMENTS IN FUNDS At 1.09.2021 Net movement At 31.08.2022 in funds Restrlcted fundj Grants unrtricted funds General fund 86.6 24. 111.654 TOTAL FUNDS 86.690 24, 111,654 Net movement in funds, induded in ts aiM)ve are as foknys.. Inoyning Rescources Movement in funds Restrieted fllLd8 Grants Unrestrfcted funds General fvnd 244,018 219,054 24.W TOTAL FUNDS 244.018 219,054 24, Page 8
LONDON RABBINICAL
NOTES TO THE FINANCIAL STATEMENTS for the year ending 31 August 2022
10 TAXATION
London Rabbinical 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.
Page 9