Charlty Number 1143411 LONDON RABBINICAL FINANCIAL STATEMENTS 31 AUGUST 2024
LONDON RABBINICAL FINANCIAL STATEMENTS YEAR ENDED 31 AUGUST 2024 CONTENTS PAGE Trustees and professional advisers Trustees Annual Report 24 Statement of Trustees responsibilities Independent examiner report Statement of financial acttvities Balance sheet Notes to the financial statements 8-10
LONDON RABBINICAL TRUSTEES AND PROFESSIONAL ADVISERS Reglstared charfty name Ldon Rabbinical Charlty numbor 1143411 Principal office 207 Hale Lane Edgvrare Middtesex HA8 9QH Trustgès Mr S Ch(tOW Mr D A Conid( Independent oxamln JS & CO Acc<)unlants Ltd 26 Theyll Road Londc E5 9NA Bankars NatW8st Temple Fortune bran 1175 Finchley Road London NW11 OBE
LONDON RABBINICAL TRUSTEES ANNUAL REPORT YEAR ENDED 31 AUGUST 2024 The lrnstc¢s have ple&W in presenting thcir rqrt and the unaudited financial stsiements of Ihe charity for the year endej 31 Au8llSt 2024. REFERENCE AND ADNIINISTRATIVE DETAIiS Refercnce and a(Iministrativ¢ detsils are shown in the schedule of trustee5 and professional advisers on page l of the financial statements. THE TRUSTEES The irustees who served the company during the period were as follows: Mr S Chontow Mr D A Conick The day to day affairs are undertth by Mr Kieimat) on bthlf of the trusttts. All major dlS1onS ar¢ tsk¢n Gollectively by the Irusttts. The tNste¢s ar¢ unpaid and detsils of any relatuj party transactions ate disclosed a¥ applicable in th¢ note5 1() the accounLs. STRUCTURE, GOVERNANCE AND MANAGEMENT Thc charity is an unincorp)rated charity registered with thc Charity Commission (Rc8istration No. 1146411).Th¢ charity is governed by its Trust Deed dated 4th Augusi 2011. Recrnitt))cnt and 4pp)inunenl of new would b¢ in lin¢ with thc Trust Dced and with the conscnl of the trust¢¢s. The eriteria set for the suitsbk candidaic would bc 80meone who is sensitivc to the needs and demands of th¢ or8anisatio 0EIVEs AND AcfiviTIFS London Rabbinical is a rhurity whos¢ objectiv¢ is th¢ advancement of the orthodox Jcwish faith. Thc tTU.%tees confirm that they have refcrrcd to th¢ Ch¥riiy Cvmmi¥tDion's general 8uidanLe on public bcncfil whcn r¢vicwin8 th¢ir aims and objectiv¢& planning future activiti. and Settin8 their 8r8nt making wlicie5 for the year. ACIIIEVEME1s AND PERFORMANCE In line with its (A)jeciiYes, London Rabbinical provided supporl in the fi)nn of 8fdnty for sludent5 cngagcd in Jcwish Talmudical studics and havc now also r¢nted a building wherc th¢y t¢llch th¢ students provid¢
LONDON RABBINICAL TRUSTEES ANNUAL REPORT YEAR ENDED 31 AUGUST 2024 FtNANCIAL REVIEW Sources of funds are through fundrnising and the generosity of the public. The nt making policy is based on the trust¢¢s' decision following investigation of applicants, circumstances and with special reference to low incomc. Reserves poIIcy Thc trustecs aim to build up frcc roserves to a level of 6 months of studcnt grant funding. tnvestmenl Policy The Charity ha5 now also inv¢sied in a propety partncrship in order to Incre its funds. Rlsk management Th¢ trust¢es h¢ive examined the major strategic. business and operdtional risks which the charity faces and confirni that systems have been established to enable regular reports to be produccd so ihat thc ncce&sary steps can taken to manage these risks. PLAIYS FOR FUTURE PERIODS Thc aim is to continuc lo providc SUPPK)rt in ihe fomi of grattts. for $tud¢nts ¢ngagcd in Jewish Talmudic btudieb. Signcd on behalf of the truslea8 Mrs Truslce ontow 26 May 2025
LONDON RABBINICAL TRUSTEES RESPONSIBILrriES YEAR ENDED 31 AUGUST 2024 The charitys trust are responsiblc for prcparing thc Trustccs Annual Rrt and thc financial statements in a£cordancc with applicable 18w and United Kingdom Accounting Standards (United Kingdom Generally Accq)ted Accouniing Pra¢lic¢). Th¢ law applithlc to clthritits in England and Wales requires the Inte to prewdre financial staiements for each financial year which give a true and fair view of the sw¢ of affatrs of the ¢lwity and of the incoming resouTces and application of nwurces of the charity for that peri(Ml In PTq)aring these tiTvanci41 sYatem¢nlb. th¢ tnJSI are required . Selt suitsblc acwunting policias and then 8pply them consisiemtly: observe the method8 and pnnciples in the CTrwities SORP: make jud8cmcnts and esiimales that are reasonabl¢ and pn¢n1' stat¢ whether opplicabl¢ accounting stand. have been followd subject lo any material depanurcs dis¢losed 4nd explained in the financial statements" prepare the financial slatem¢nts on the going concttn b&si5 unless it is indppropriate presume that Ihc charity will continue in operation. Thc trusl¢¢s rcsponsibl¢ for kcwing propu accounting Tcconls that disclosc Hryth Tcasonabl¢ accwacy at any tim¢ th¢ finan¢idl position of the clwity and enable thern to ensure that the financial stai¢ments comply wtth the Charities Act 2011 and the Lharity (Accounts and RcporLs) Rcgulations 2(K)8. The trut>iees are also cesponsiblc for sJfcguardinB th¢ ass¢ts' of th¢ charity anil henc¢ for thkin r¢oson8bl¢ stCP5 for th¢ prevention and defeciion of fyaud and other irregulanties.
LONDON RABBINICAL INDEPENDENT EXAMINER REPORT YEAR ENDED 31 AUGUST 2024 I report on the accounts of the charity for the year ended 31 August 2024 set out on pages 6 to io. Respective Responsibilities of Truslee5 and Independent Examiner Thc charity's trustees are responsiblc for the prepardtion of the accounts. Thc charity's trustccs consider that an diudit is not requir for this year under section 144 of the Charities Act 2011 ("the Act") and that an independent ¢xamination is nccdcd. It is my respo$1b11ity to: examine the accounts under section 145 of the Act. to follow the procedures laid down in the general directions given by the Charity Commission (under Section 145(5)(b) of the Charities Act). and state whether particular matters have come to my attention. Bsl$ of Independent Eiminer's Statement My examination was carricd out in accordance with the gencral direction$ given by thc Charity Commisbion. An examination includes a review of the accounting records kepi by the charity and a comparison of the accounts prcscnted with those records. It also includcs considcralion of <iny unUTrual itemb or disclosuS in ihe accounts. and &eeking explandtions from the trnstees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audil. and consequently no opinion is given as to whether the accounts prcscnl a 'uuc and fair, view and the report 15 limited to those matters set out in the statcmcnt below. Independent Examlner's Statement In connection with my examinatio no mattcr has comc to my attention: which gives me reasonable cause to believe that, in any malerial respect, the requtrements: to keep accounting records in accordaoce with StIon 130 of the Charili¢s Act; and to prepare accounts which accord with the accounting records and comply with the accounting requirements of th¢ Charities Act have nol been meL or b) to which. in my opinion. attention should be drawn in der to enable a proper understanding of th¢ accounts be reached. JS&CO Accountanis Lid 26 Theydon Road London E5 9NA 26 May 2025
LONDON RABBINICAL STATEMENT OF FINANCIAL ACTivfTIES for Ihe year ending 31 August 2024 Restricted Unresrrided Totsl fi(L8 funds 2024 Total 2023 N(*es INCOMING FROM Inveslmenl Income Donalions & Legacies 149,330 149.330 149.330 149.330 149.330 149.330 115,802 115.802 115.802 Total Incomlng rn8ourc•• EXPENDITURE ON R88ing lunds Charilable aGYvlUe$ 25 148,308 25 148,306 1.625 118,433 4&5 Total expondgd 148.331 148.331 120.058 NET INCOME 4,256 RECONCILIATION OF FUNDS Total lund• brought forward 107.398 107.398 111.654 TOTAL FUNDS CARRIED FORWARD 108 397 108397 107 398 The Notes frTh part rfthe finanaal statements Page 6
LONDON RABBINICAL BALANCE SHEET 31-Au24 2024 2023 FIXED ASSETS Invtstments 119.(KMJ 119,0(X) CURRENT ASSETS: Cash at bank and in hand 13.958 13,958 15.850 CREDITORS.. amounts falllng wlthin one y•ar -25.560 N•t Curr•rt a•8•tsllllabllltl••l 107,398 NET CURRENT ASSETS: 108.397 107,398 FUNDS Unr8slrfcted fiJTra8 107398 TOTAL FUNDS 108397 107398 Approved by th8 board ofTru6l•oB c.. And si r behaN by. 26 May 2025 The Notss fcm pwt of these finCIal slateme Page 7
LONDON RAB8INICAL NOTES TO THE FINATrAL STATEMENTS fix Ihe ytsr endry 31 W 2tr24 I ACCOUNn14G POLIC8 Ac¢ounUng con¥8ntbon These scLYJunts have betrl wep$ ITr acoydwiilh the hintyr•xl o)st oyw¢nth in atrxdanf th the Financiaf R8pNbng StaThJard l(¥ Srywller EnliliBs IFRSSEI {ele Jarnjary 20151. In kyvpathg 8¢o)unLy, ¢hwty lol(Ms b88t rwackn as in Ihe statorynt of R4mmended PrxtKe"Acrwnling arnl Repcrt'ng by Clwithts" IS(NIPI iwjed tn Marth 2C4J5. W7we 1158r8 8 FRSSE and ts SORP. ts SORP has boon 8th¥tsd accordance wlh pwagraph 419fiofthe SW. Ireomlng 1•AOU Incoming re¥our¢es R•sourc•• •xp•nd•d Expen¢fturn is nI0 lor on Ar1£1$ b8th aThJ ha5 bew d th ag9regate all GoEt reL2d to Ihe rl8gory. Wnere ccts wnot dwecty a#ribthS to paTticul8r he8dirys Ihoy hovo W oHratso to actiw.S on 8 basts C3JnW with lh8 ofreEL Fund •ccountJng twslws. 2 4COMING FROM T+M Totyl R¢Attlttrd Unmtrlctsd Funds FMn45 2023 Don0"01 & Lryad 149JJ• 149JJ• 115,802 3 RAISING FUND8 T11 Res¢rl¢¢ed Fuodx Fuads 2924 Tml 2023 Fundr* 25 25 25 1.625 1.625 4 COSTS OF CHARALE ACTivrriE8 Totsl trlctd FllttdA 2024 Total Funds 2023 Stsdtnt (irwtA C.ollcg¢ runnirtB cixts Retx Artivities Wa8es 17.717 17.717 32.950 6,630 99,$07 99,507 47,540 27.072 27.072 24.671 144.298 144 114 167
LONDON RABBINICAL NOTES TO THE FINANCIAL STATEMENTS for the year ending 31 August 2024 GOVERNANCE COSTS Rejtrleted Unrestrlded Total Funds Funds Funds 2024 Total Funds 2023 AccounLincy Professional fees Office Supplies Cleaning Bank charges Sundri8S Travel 720 394 599 1,440 317 216 651 216 651 1,000 343 160 756 4,276 4.010 4,010 INVESTMENTS 2024 2023 UK Inveslment Propoty 119.TrXI 119,000 The fixed asset investment Is held wlmarlly to PTo%lde an Investment retum for the ¢h8rfty and is valu•d at histcrfical rJ)sL CREOITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Accurals Other Credrtors 720 24.840 25,560 25.673 26,453 MOVEMENTS IN FUNDS At 1.09.2023 Net ntr)VenI At 31.08.2024 In funds Restrlcted fundi rdnt5' Unrestrlcted fund• General fund 107,398 108.397 TOTAL FUNDS 107.398 999 108,397 Net movement in funds, incklld in Ihe above are as f1¢PlA.. Incnming Rescource8 Movement In lunds Restrlrted fulld$ Grants Unr•strl¢ted fun•J* General fund 149,330 148,331 TOTAL FUNDS 149.330 148,331 Page 9
LONOON RABBINICAL NOTES TO THE FINANCIAL STATEMENTS fix the year erJg 31 August 2024 TAXATION London Rabbinical is a r¢gis¢¢red charity And therefore is not liable to in¢ome tax or corrx)ntion tax on income derived from its clwitable activitie5. &5 li falls vlithin the various exempiions available to regist¢red charities. Page 10