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||||||||Pages|
|---|---|---|---|---|---|---|---|
|Trustees'|annual<br>report||(incorporating|the|director's|report)|1to 4|
|Independent<br>examiner's|||report to the|trustees||||
|Statement|offinancia||activities (including||income|and expenditure||
|account)||||||||
|Statement|offinancial||position|||||
|Statement|ofcash flows|||||||
|Notes to|the financial|statements|||||9to17|





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|Registered||charity name|charity name|Torah Action Life|Torah Action Life||
|---|---|---|---|---|---|---|
|Charity registration|||number|1145908|||
|Company|registration||number|07771068|||
|Registered||office||New Burlington|House||
|||||1075 Finchley Road|||
|||||London|||
|||||NW11 OPU|||
|The trustees||||Mr V Amer||(Resigned 26 March 2020)|
|||||Mr D Yamiu-Joseph|||
|||||Mr M Saidi|||
|||||Mr M Abraham||(Appointed 21 October 2020)|
|Independent||examiner||David Goldberg|FCA DChA||
|||||New Burlington|House||
|||||1075Finchley Road|||
|||||LONDON|||
|||||NW11 OPU|||





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|Year ended|30Se|ptem|ber|2020||||||
|---|---|---|---|---|---|---|---|---|---|
||||||||2020||2019|
|||||||Unrestricted|Restricted|||
|||||||funds|funds|Total funds|Total funds|
||||||Note|||||
|Income and|endowments|||||||||
|Donations<br>and legacies|||||5|398,810|500|399,310|592,432|
|Total income||||||398,810|500|399,310|592,432|
|Expenditure||||||||||
|Expenditure|on raising funds:|||||||||
|Costs ofraising||donations||and||||||
|legacies|||||6|7,597||7,597|27,799|
|Expenditure|on charitable||activities||7,8|202,404|500|202,904|235,639|
|Total expenditure||||||210,001|500|210,501|263,438|
|Net income|and net|movement||in funds||188,809||188,809|328,994|
|Reconciliation offunds||||||||||
|Total funds brought||forward||||462,277||462,277|133,283|
|Total funds|carried|forward||||651,086||651,086|462,277|





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||||||2020|2019|
|---|---|---|---|---|---|---|
|||||Note|||
|Fixed assets|||||||
|Tangible fixed assets||||13|1,617,424|1,023,307|
|Current<br>assets|||||||
|Debtors||||14|17,574|16,098|
|Cash at bank|and in hand||||75,208|445,773|
||||||92,782|461,871|
|Creditors: amounts||falling due within|one year|15|63,312|26,990|
|Net current|assets||||29,470|434,881|
|Total assets|less current liabilities||||1,646,894|1,458, 188|
|Creditors: amounts||falling due after|more than one year|16|995,808|995,911|
|Net assets|||||651,086|462,277|
|Funds ofthe|charity||||||
|Unrestricted|funds||||651,086|462,277|
|Total charity|funds|||18|651,086|462,277|





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|Year ended 30Septembe|r 2020||||
|---|---|---|---|---|
||||2020|2019|
|Cash flows from operating|activities||||
|Net income|||188,809|328,994|
|Adjustments for:|||||
|Depreciation oftangible fixed assets|||4,125|4,299|
|Interest payable and similar|charges||19,980|16,166|
|Accrued expenses||||1,079|
|Changes in:|||||
|Trade and other debtors|||(1,476)|(7,800)|
|Trade and other creditors|||11,322|367,084|
|Cash generated<br>from operations|||222,760|709,822|
|Interest paid|||(19,980)|(16,166)|
|Net cash from operating<br>activities|||202,780|693,656|
|Cash flows from investing|activities||||
|Purchase oftangible<br>assets|||(598,242)|(1,024,809)|
|Net cash used in investing<br>activities|||(598,242)|(1,024,809)|
|Cash flows from financing|activities||||
|Proceeds from borrowings|||24,897|645,714|
|Net cash from financing<br>activities|||24,897|645,714|
|Net (decrease)/increase<br>in|cash and cash|equivalents|(370,565)|314,561|
|Cash and cash equivalents|at beginning|ofyear|445,773|131,212|
|Cash and cash equivalents|at end ofyear||75,208|445,773|





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|||||Unrestricted|Restricted|Total Funds|
|---|---|---|---|---|---|---|
|||||Funds|Funds|2020|
|||||||K|
|Donations|||||||
|Donations|and|other|income|374,456|500|374,956|





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|Donations|and legacies (cossasesl||||
|---|---|---|---|---|
|||Unrestricted|Restricted|Total Funds|
|||Funds|Funds|2020|
|Grants|||||
|Grants receivable||24,354||24,354|
|||398,810|500|399,310|
|||Unrestricted|Restricted|Total Funds|
|||Funds|Funds|2019|
|||||s|
|Donations|||||
|Donations|and other income|572,432|20,000|592,432|
|Grants|||||
|Grants receivable|||||
|||572,432|20,000|592,432|



||||||Unrestricted|Total Funds|Unrestricted|Total Funds|
|---|---|---|---|---|---|---|---|---|
||||||Funds|2020|Funds|2019|
||Costs ofraising donations||and legacies||||||
||-Donations||||7,597|7,597|27,799|27,799|
|7.|Expenditure|on charitable||activities|by fund type||||
|||||||Unrestricted|Restricted|Total Funds|
|||||||Funds|Funds|2020|
||||||||8||
||Torah Action|Life programmes||||196,404|500|196,904|
||Support costs|||||6,000||6,000|
|||||||202,404|500|202,904|
|||||||Unrestricted|Restricted|Total Funds|
|||||||Funds|Funds|2019|
||Torah Action|Life programmes||||210,314|20,000|230,314|
||Support costs|||||5,325||5,325|
|||||||215,639|20,000|235,639|





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|||||Activities|Activities||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||undertaken||Grant funding|||||Total funds|Total fund|
||||||directly||ofactivities||Support costs||2020|2019|
||||||t||||||a||
||Torah Action Life||||||||||||
||programmes||||193,134|||3,770|||196,904|230,314|
||Governance|costs||||||||6,000|6,000|5,325|
||||||193,134|||3,770||6,000|202,904|235,639|
|9.|Net income||||||||||||
||Net income|is stated after||charging/(crediting):|||||||||
||||||||||||2020|2019|
||||||||||||a|s|
||Depreciation|oftangible|fixed||assets||||||4,125|4,299|
|10.|Independent|examination||fees|||||||||
||||||||||||2020|2019|
||Fees payable|to the independent|||examiner||for:||||||
||Independent|examination||ofthe financial|||statements||||4,800|4,800|
|11.|Staff costs||||||||||||
||The total staff costs and||employee<br>benefits for|||||the reporting||period are|analysed<br>as|follows:|
||||||||||||2020|2019|
||||||||||||4|s|
||Wages and salaries||||||||||73,225|49,350|
||Social security costs||||||||||1,801|370|
||Employer<br>contributions||to|pension plans|||||||10,826|12,745|
||||||||||||85,852|62,465|



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|13.|Tangible fixed assets|||||
|---|---|---|---|---|---|
|||Freehold||||
|||property|Equipment|Website|Total|
|||s||||
||Cost|||||
||At 1 October 2019|1,010,409|4,214|14,400|1,029,023|
||Additions|598,242|||598,242|
||At 30September 2020|1,608,651|4,214|14,400|1,627,265|
||Depreciation|||||
||At 1 October 2019||2,116|3,600|5,716|
||Charge for the year||525|3,600|4,125|
||At 30September 2020||2,641|7,200|9,841|
||Carrying<br>amount|||||
||At 30September 2020|1,608,651|1,573|7,200|1,617,424|
||At 30 September 2019|1,010,409|2,098|10,800|1,023,307|
|14.|Debtors|||||
|||||2020|2019|
||Trade debtors|||11,724||
||Other debtors|||5,850|16,098|
|||||17,574|16,098|
|15.|Creditors: amounts<br>falling due within|one year||||
|||||2020|2019|
||Bank loans aud overdrafls|||25,000||
||Trade creditors|||24,618|18,237|
||Accruals<br>and deferred income|||4,800|4,800|
||Social security and other taxes|||899|1,347|
||Other creditors|||7,995|2,606|
|||||63,312|26,990|





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|Credi|tors: amounts<br>falling due after more than|one year||
|---|---|---|---|
|||2020|2019|
|Bank|loans snd overdraiis|645,611|645,714|
|Other|creditors|350,197|350,197|
|||995,808|995,911|



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|Analysis ofcharitable<br>fund<br>Unrestricted<br>funds|s||||
|---|---|---|---|---|
|||||At 30|
||At I October|||September|
||2019|Income|Expenditure|2020|
|General funds|462,277|398,810|(210,001)|651,086|
|||||At|
||At I October||30 September||
||2018|Income|Expenditure|2019|
|General funds|133,283|572,432|(243,438)|462,277|
|Restricted funds|||||
|||||At 30|
||At I October|||September|
||2019|Income|Expenditure|2020|
|||s|||
|Restricted Funds||500|(500)||
|||||At|
||At I October||30 September||
||2018|Income|Expenditure|2019|
|Restricted Funds||20,000|(20,000)||





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|Analysis ofnet as|sets|between<br>funds|||
|---|---|---|---|---|
||||Unrestricted|Total Funds|
||||Funds|2020|
|Tangible fixed assets|||1,617,424|1,617,424|
|Current assets|||92,782|92,782|
|Creditors less than|1 year||(63,312)|(63,312)|
|Creditors greater than||1 year|(995,808)|(995,808)|
|Net assets|||651,086|651,086|
||||Unrestricted|Total Funds|
||||Funds|2019|
||||s||
|Tangible fixed assets|||1,023,307|1,023,307|
|Current assets|||461,871|461,871|
|Creditors less than|1 year||(24,399)|(24,399)|
|Creditors greater than||1 year|(998,502)|(998,502)|
|Net assets|||462,277|462,277|
|Analysis ofchanges||in net debt|||



|Analy|sis ofchanges<br>in net debt||||
|---|---|---|---|---|
|||||At|
|||At 1 Oct2019|Cash flows|30Sep 2020<br>f|
|Cash|at bank and in hand|445,773|(370,565)|75,208|
|Debt|due within one year||(25,000)|(25,000)|
|Debt|due afler one year|(645,714)|103|(645,611)|
|||(199,941)|(395,462)|(595,403)|



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