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 L￿don 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 rq￿rt 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 d￿lS1onS 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 0￿E￿IVEs 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. ACIIIEVEME1￿s 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 R￿￿rt 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 In￿te￿ 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 ￿. Sel￿t 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￿$1b11ity to: examine the accounts under section 145 of the Act. to follow the procedures laid down in the general directions given by the Charity Commission (under Section 145(5)(b) of the Charities Act). and state whether particular matters have come to my attention. B*sl$ of Independent Ei*miner'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