REGISTERED CHARITY NUMBER: 1145767
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
FOR
KAHAL TOLDOS AVROHOM YITZCHOK
Venitt and Greaves Chartered Accountants 115 Craven Park Road South Tottenham London N15 6BL
KAHAL TOLDOS AVROHOM YITZCHOK
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | ||
| Cash Flow Statement | 6 | ||
| Notes to the Cash Flow Statement | 7 | ||
| Notes to the Financial Statements | 8 | to | 11 |
KAHAL TOLDOS AVROHOM YITZCHOK
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024
The trustees present their report with the financial statements of the charity for the year ended 31 December 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The principal objectives of the charity are:
a) To advance the Orthodox Jewish religion in accordance with the statement of faith.
b) To advance education for the public benefit by means or grants to schools, colleges and educational clubs.
c) To prevent or relieve poverty, sickness and infirmity by providing grants, items and services to individuals in need and/or charities, or other organisations working to prevent or relieve poverty.
Significant activities
The financial results of the charity's activities for the period ended 31st December 2024 are fully reflected in the attached financial statements together with the notes thereon.
The trustees are satisfied with the results and activities of the company for the year and do not anticipate any significant changes in the forthcoming year.
Public benefit
The trustees confirm that they have referred to the guidance contained in the Charity's Commission's general guidance on public benefit when reviewing the charity's aims and objectives and planning future activities and setting the grant making policy for the year.
Grantmaking
Grants are made at the discretion of the trustees and in accordance with the principal objectives of the company. Grants other than for the advancement of the Orthodox Jewish faith are only made to registered charities and all applications receive the fullest and most careful consideration.
ACHIEVEMENTS AND PERFORMANCE
Charitable activities
During the year under review, the charity received income totalling £738,315 (2023: £289,680) and spent £651,597 (2023: £298,010) on charitable activities in line with its charitable objectives.
FINANCIAL REVIEW
Reserves policy
The reserves policy is to ensure that there is a sufficient stream of income to meet the ongoing calls made on the charity including the possibility of providing capital assets for the needs of charitable institutions.
Going concern
The Trustees plan to continue to make distributions in accordance with their grant making policy and to ensure that an appropriate level of reserves is maintained.
FUTURE PLANS
The charity intends to carry on its policy of making grants in pursuant of its objects, and continue its activities, as outlined above, for the foreseeable future.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a trust deed and constitutes an unincorporated charity.
Recruitment and appointment of new trustees
It is not currently the intention of the trustees of the charity to appoint new trustees. Should this situation change in the future, the trustees will apply suitable recruitment and training procedures.
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KAHAL TOLDOS AVROHOM YITZCHOK
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1145767
Principal address
Flat 10 Zemba House 63 Stamford Hill London N16 5FE
Trustees
Y B Rosenbaum A Hoffman S Z Kohn
Independent Examiner
Venitt and Greaves Chartered Accountants 115 Craven Park Road South Tottenham London N15 6BL
Approved by order of the board of trustees on 29 October 2025 and signed on its behalf by:
A Hoffman - Trustee
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF KAHAL TOLDOS AVROHOM YITZCHOK
Independent examiner's report to the trustees of KAHAL TOLDOS AVROHOM YITZCHOK
I report to the charity trustees on my examination of the accounts of KAHAL TOLDOS AVROHOM YITZCHOK (the Trust) for the year ended 31 December 2024.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
M A Venitt, A.C.A
Venitt and Greaves Chartered Accountants 115 Craven Park Road South Tottenham London N15 6BL
29 October 2025
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KAHAL TOLDOS AVROHOM YITZCHOK
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024
| 31.12.24 | 31.12.23 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| funds | funds | ||
| Notes | £ | £ | |
| INCOME AND ENDOWMENTS FROM | |||
| Donations and legacies | 2 | 738,315 | 289,680 |
| EXPENDITURE ON | |||
| Charitable activities | 3 | ||
| Charitable activities | 651,597 | 298,010 | |
| Other | 1,440 | 960 | |
| Total | 653,037 | 298,970 | |
| NET INCOME/(EXPENDITURE) | 85,278 | (9,290) | |
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | (1,766) | 7,524 | |
| TOTAL FUNDS CARRIED FORWARD | 83,512 | (1,766) |
The notes form part of these financial statements
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KAHAL TOLDOS AVROHOM YITZCHOK
BALANCE SHEET 31 DECEMBER 2024
| 31.12.24 | 31.12.23 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| funds | funds | ||
| Notes | £ | £ | |
| CURRENT ASSETS | |||
| Cash at bank | 86,812 | 94 | |
| CREDITORS | |||
| Amounts falling due within one year | 8 | (3,300) | (1,860) |
| NET CURRENT ASSETS/(LIABILITIES) | 83,512 | (1,766) | |
| TOTAL ASSETS LESS CURRENT | |||
| LIABILITIES | 83,512 | (1,766) | |
| NET ASSETS/(LIABILITIES) | 83,512 | (1,766) | |
| FUNDS | 9 | ||
| Unrestricted funds | 83,512 | (1,766) | |
| TOTAL FUNDS | 83,512 | (1,766) |
The financial statements were approved by the Board of Trustees and authorised for issue on 29 October 2025 and were signed on its behalf by:
A Hoffman - Trustee
S Z Kohn - Trustee
Y B Rosenbaum - Trustee
The notes form part of these financial statements
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KAHAL TOLDOS AVROHOM YITZCHOK
CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2024
| 31.12.24 | 31.12.23 | ||
|---|---|---|---|
| Notes | £ | £ | |
| Cash flows from operating activities | |||
| Cash generated from operations | 1 | 86,718 | 88 |
| Net cash provided by operating activities | 86,718 | 88 | |
| Change in cash and cash equivalents in | |||
| the reporting period | 86,718 | 88 | |
| Cash and cash equivalents at the | |||
| beginning of the reporting period | 94 | 6 | |
| Cash and cash equivalents at the end of | |||
| the reporting period | 86,812 | 94 |
The notes form part of these financial statements
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KAHAL TOLDOS AVROHOM YITZCHOK
NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2024
1. RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES
| OPERATING ACTIVITIES | ||
|---|---|---|
| Net income/(expenditure) for the reporting period (as per the Statement of Financial Activities) Adjustments for: Decrease in debtors Increase in creditors Net cash provided by operations |
31.12.24 £ 85,278 - 1,440 86,718 |
31.12.23 £ (9,290) 8,418 960 |
| 88 |
2. ANALYSIS OF CHANGES IN NET FUNDS
| At 1.1.24 | Cash flow | At 31.12.24 | |
|---|---|---|---|
| £ | £ | £ | |
| Net cash | |||
| Cash at bank | 94 | 86,718 | 86,812 |
| 94 | 86,718 | 86,812 | |
| Total | 94 | 86,718 | 86,812 |
The notes form part of these financial statements
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KAHAL TOLDOS AVROHOM YITZCHOK
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. DONATIONS AND LEGACIES
| DONATIONS AND LEGACIES | ||
|---|---|---|
| 31.12.24 | 31.12.23 | |
| £ | £ | |
| Donations | 738,315 | 289,680 |
continued...
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KAHAL TOLDOS AVROHOM YITZCHOK
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024
3. CHARITABLE ACTIVITIES COSTS
| 3. | CHARITABLE ACTIVITIES COSTS | |||
|---|---|---|---|---|
| Grant | ||||
| funding of | ||||
| activities | ||||
| Direct | (see note | |||
| Costs | 4) | Totals | ||
| £ | £ | £ | ||
| Charitable activities | 503,748 | 147,849 | 651,597 | |
| 4. | GRANTS PAYABLE | |||
| 31.12.24 | 31.12.23 | |||
| £ | £ | |||
| Charitable activities | 147,849 | 296,710 | ||
| 5. | SUPPORT COSTS | |||
| Governance | ||||
| costs | ||||
| £ | ||||
| Other resources expended | 1,440 | |||
| 6. | TRUSTEES' REMUNERATION AND BENEFITS | |||
| There were no trustees' remuneration or other benefits for the year ended 31 December 2024 nor for the yea | ||||
| ended 31 December 2023. | ||||
| Trustees' expenses | ||||
| There were no trustees' expenses paid for the year ended 31 December |
2024 nor for the year ende | |||
| 31 December 2023. | ||||
| 7. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | |||
| Unrestricted | ||||
| funds | ||||
| £ | ||||
| INCOME AND ENDOWMENTS FROM | ||||
| Donations and legacies | 289,680 | |||
| EXPENDITURE ON | ||||
| Charitable activities | ||||
| Charitable activities | 298,010 | |||
| Other | 960 | |||
| Total | 298,970 | |||
| NET INCOME/(EXPENDITURE) | (9,290) | |||
| RECONCILIATION OF FUNDS | ||||
| Total funds brought forward | 7,524 |
There were no trustees' remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023.
There were no trustees' expenses paid for the year ended 31 December 2024 nor for the year ended 31 December 2023.
continued...
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KAHAL TOLDOS AVROHOM YITZCHOK
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024
| 7. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | |
|---|---|---|---|---|
| Unrestricted | ||||
| funds | ||||
| £ | ||||
| TOTAL FUNDS CARRIED FORWARD | (1,766) | |||
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 31.12.24 | 31.12.23 | |||
| £ | £ | |||
| Other creditors | 3,300 | 1,860 | ||
| 9. | MOVEMENT IN FUNDS | |||
| Net | ||||
| movement | At | |||
| At 1.1.24 | in funds | 31.12.24 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | (1,766) | 85,278 | 83,512 | |
| TOTAL FUNDS | (1,766) | 85,278 | 83,512 | |
| Net movement in funds, included in the above are as follows: | ||||
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 738,315 | (653,037) | 85,278 | |
| TOTAL FUNDS | 738,315 | (653,037) | 85,278 | |
| Comparatives for movement in funds | ||||
| Net | ||||
| movement | At | |||
| At 1.1.23 | in funds | 31.12.23 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 7,524 | (9,290) | (1,766) | |
| TOTAL FUNDS | 7,524 | (9,290) | (1,766) |
continued...
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KAHAL TOLDOS AVROHOM YITZCHOK
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024
9. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 289,680 289,680 |
Resources Movement expended in funds £ £ (298,970) (9,290) (298,970) (9,290) |
Resources Movement expended in funds £ £ (298,970) (9,290) (298,970) (9,290) |
|---|---|---|---|
| (9,290) |
A current year 12 months and prior year 12 months combined position is as follows:
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.1.23 | in funds | 31.12.24 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 7,524 | 75,988 | 83,512 |
| TOTAL FUNDS | 7,524 | 75,988 | 83,512 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming resources £ Unrestricted funds General fund 1,027,995 TOTAL FUNDS 1,027,995 |
Resources Movement expended in funds £ £ (952,007) 75,988 (952,007) 75,988 |
Resources Movement expended in funds £ £ (952,007) 75,988 (952,007) 75,988 |
|---|---|---|
| 75,988 |
10. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2024.
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