Docusign Envelope ID: D2E8AFAB-8D2C-444D-BD39-7FE3279A992F Company registration number: 07771068 Charity registration number: 1145908 ## Torah Action Life (A company limited by guarantee) Annual Report and Financial Statements for the Year Ended 30 September 2023 Ripe LLP Chartered Accountant 9A Burroughs Gardens London NW4 4AU Docusign Envelope ID: D2E8AFAB-8D2C-444D-BD39-7FE3279A992F ## **Torah Action Life** ## **Contents** |Reference and Administrative Details|1| |---|---| |Trustees' Report|2 to 5| |Independent Examiner's Report|6 to 7| |Statement of Financial Activities|8| |Balance Sheet|9| |Notes to the Financial Statements|10 to 18| Docusign Envelope ID: D2E8AFAB-8D2C-444D-BD39-7FE3279A992F ## **Torah Action Life** ## **Reference and Administrative Details** |**Trustees**|M Saidi| |---|---| ||D Yamin-Joseph| ||Moses Abraham| |**Charity Registration Number**|1145908| |**Company Registration Number**|07771068| |**Registered Office**|9A Burroughs Gardens| ||London| ||NW4 4AU| |**Independent Examiner**|Ripe LLP| ||Chartered Accountant| ||9A Burroughs Gardens| ||London| ||NW4 4AU| Page 1 Docusign Envelope ID: D2E8AFAB-8D2C-444D-BD39-7FE3279A992F ## **Torah Action Life** ## **Trustees' Report** The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements and auditors' report of the charitable company for the year ended 30 September 2023. ## **Objectives and activities** TAL strives towards making the wisdom, depth, and beauty of Jewish heritage accessible, promoting a vibrant future for the British Jewish community. Our mission is to empower the growth of a new generation, connecting them to Judaism, inspiring them, and instilling a deep appreciation for their heritage. We actively collaborate with various communities, hosting regular educational, religious, and social events in synagogues, youth centres, universities, and schools throughout London. The charity has established strong relationships with a diverse array of universities, schools, and communities throughout London. By providing educators, classes, mentorship programs, and inspirational events, we have been able to make a meaningful impact across these institutions. ## **Trustees and officers** The trustees and officers serving during the year and since the year end were as follows: Trustees: M Saidi D Yamin-Joseph Moses Abraham Page 2 Docusign Envelope ID: D2E8AFAB-8D2C-444D-BD39-7FE3279A992F ## **Torah Action Life** ## **Trustees' Report** ## **Achievements and Performance** During the year, TAL continued to expand its range of programs, offering a wider variety of educational, cultural, and social initiatives to engage individuals of all ages and backgrounds. Our centre, bustling with a variety of activities and educational programs, is flourishing. Moreover, our synagogue community is experiencing significant growth. All our programs are well subscribed and are making a profound impact on the youth. The main achievements of the Charity in the year under review include: ## ****Empowering the next generation**** - Weekly attendance of over 300 students at the new TAL centre ## ****Engagement of Young Girls:**** - Successfully attracted over 65 young girls to our weekly mentorship and educational initiatives, empowering them within our community ## ****Youth Programs:**** - Expanded range of educational programs - Introduction of two international trips - Numerous Friday night dinners ## ****Synagogue/Community:**** - Consolidation of weekly synagogue services - Offering impactful religious services to a growing community ## ****Sports and Community Engagement:**** Hosted several sports tournaments, attracting hundreds of teenagers, fostering teamwork, and promoting physical fitness. ## ****Publications:**** - Restarted TAL publications featuring top Jewish authors - Distribution to over 25 communities - Online reach of over 1,000 recipients ## ****Marriage and Family:**** - Hosted our 52nd marriage at TAL, demonstrating our dedication to connecting and supporting couples as they build strong Jewish families ## ****Educator Team Expansion:**** - Growth to three full-time educators - Addition of five part-time educators - 6 new Volunteers ## **Future Plans:** Based on our successes this year, TAL has set ambitious goals to further enrich and empower the community. We seek to expand our reach and deepen our connection with the community through continued educational, religious, and social initiatives. TAL places a special emphasis on empowering the next generation of Jewish leaders, continually developing tailored programs and initiatives that inspire and equip young Jews with the knowledge, skills, and confidence to make a positive impact on their communities and the world. Page 3 Docusign Envelope ID: D2E8AFAB-8D2C-444D-BD39-7FE3279A992F ## **Torah Action Life** ## **Trustees' Report** - As part of this initiative, we plan to start a new ladies' leadership course that will provide women with comprehensive training in leadership skills, community involvement, and public speaking, thereby fostering a new generation of influential female leaders. - Additionally, we will employ a matchmaker to facilitate meaningful connections within our community, ensuring that individuals who share common values find supportive and compatible partners, thereby strengthening the fabric of our community and future families. ## **Financial Performance:** TAL receives support from a diverse range of donors across the community, including students, alumni, and philanthropists who share our vision and actively contribute to our cause. Our fundraising efforts primarily rely on cultivating strong relationships with our partners and effectively communicating the significance of our work to our broad base of supporters. Every expenditure made by TAL is dedicated to creating a comprehensive array of successful, high-quality programs that make a lasting impact. We prioritize responsible allocation of resources to ensure that our initiatives effectively serve the needs of our community. ## **Financial review** During the financial year, the Charity received income of £363,176 (2022: £321,545) and had annual expenditure of £357,470 (2022: £313,090) giving net surplus for the year of £5,706 (2022: £8,455).As at Year-end 2023 Charity has net assets of £868,098 (2022: £862,392) ## **Key Risks and Uncertainties** The Trustees have assessed the major risks to which the charity is exposed, and are satisfied that systesm are in place to mitigate exposure to the major risks. A reduction in donor base could cause cash flow issues; and delayed receipt of pledged donations income could also potentially cause cash flow issues. The major risks facing the Charity are reviewed regularly at management meetings. Regular reviews of cash flow projections and budget forecasts are also undertaken, as well as a continual drive to manage expenditure. ## **Conclusion:** In conclusion, TAL remains steadfast in our mission to promote a meaningful Jewish identity, heritage and culture. We are committed to innovating, expanding our programs, and empowering the next generation of Jewish leaders. With the continued support of our donors and community members, we will continue to make a meaningful impact in the lives of many. Page 4 Docusign Envelope ID: D2E8AFAB-8D2C-444D-BD39-7FE3279A992F ## **Torah Action Life** ## **Trustees' Report** ## **Statement of trustees' responsibilities** The trustees (who are also the directors of Torah Action Life for the purposes of company law) are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland". Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including its income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to: - select suitable accounting policies and apply them consistently; - observe the methods and principles in the Charities SORP; - make judgements and estimates that are reasonable and prudent; - state whether applicable accounting standards, comprising FRS 102 have been followed, subject to any material departures disclosed and explained in the financial statements; and - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. The trustees are responsible for keeping proper accounting records that can disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. ## **Disclosure of information to Independent examiner** Each trustee has taken steps that they ought to have taken as a trustee in order to make themselves aware of any relevant information and to establish that the charity's independent examiner is aware of that information. The trustees confirm that there is no relevant information that they know of and of which they know the independent examiner is unaware. 16 September 2024 | 02:57 PDT The annual report was approved by the trustees of the charity on .................... and signed on its behalf by: ......................................... M Saidi Trustee Page 5 Docusign Envelope ID: D2E8AFAB-8D2C-444D-BD39-7FE3279A992F ## **Torah Action Life** ## **Independent Examiner's Report to the trustees of Torah Action Life** I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 September 2023. ## **Responsibilities and basis of report** As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. An independent examination does not involve gathering all the evidence that would be required in an audit and consequently does not cover all the matters that an auditor considers in giving their opinion on the accounts. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide. Consequently I express no opinion as to whether the accounts present a ‘true and fair’ view and my report is limited to those specific matters set out in the independent examiner’s statement. Page 6 Docusign Envelope ID: D2E8AFAB-8D2C-444D-BD39-7FE3279A992F ## **Torah Action Life** ## **Independent Examiner's Report to the trustees of Torah Action Life** ## **Independent examiner’s statement** Since the Company's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of Ripe LLP, which is one of the listed bodies. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: 1. accounting records were not kept in respect of Torah Action Life as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)]. 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. ...................................... Robert Glazer FCA Chartered Accountant Ripe LLP 9A Burroughs Gardens London NW4 4AU 23 September 2024 | 10:27 BST Date:............................. Page 7 Docusign Envelope ID: D2E8AFAB-8D2C-444D-BD39-7FE3279A992F ## **Torah Action Life** ## **Statement of Financial Activities for the Year Ended 30 September 2023 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)** |**Note**
**Income and Endowments from:**
Donations and legacies
Charitable activities
3
Other trading activities
Investment income
4
Total income
**Expenditure on:**
Raising funds
5
Charitable activities
6
Other expenditure
7
Total expenditure
Net income
Transfers between funds
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward
14|**Unrestricted**
**funds**
**£**
328,950
33,517
-
709
363,176
(322)
(252,587)
(104,561)
(357,470)
5,706
13,132
18,838
849,260
868,098|**Restricted**
**funds**
**£**
-
-
-
-
-
-
-
-
-
-
(13,132)
(13,132)
13,132
-|**Total**
**2023**
**£**
328,950
33,517
-
709
363,176
(322)
(252,587)
(104,561)
(357,470)
5,706
-
5,706
862,392
868,098|**Total**
**2022**
**£**
297,141
23,089
1,315
-| |---|---|---|---|---| |||||321,545| |||||(1,682)
(226,415)
(84,993)| |||||(313,090)| |||||8,455
-| |||||8,455
853,937| |||||862,392| All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2022 is shown in note 14. The notes on pages 10 to 18 form an integral part of these financial statements. Page 8 Docusign Envelope ID: D2E8AFAB-8D2C-444D-BD39-7FE3279A992F ## **Torah Action Life** ## **(Registration number: 07771068) Balance Sheet as at 30 September 2023** |**Note**
**Fixed assets**
Tangible assets
9
**Current assets**
Debtors
10
Cash at bank and in hand
**Creditors: Amounts falling due within one year**
11
**Net current assets**
**Total assets less current liabilities**
**Creditors: Amounts falling due after more than one year**
12
**Net assets**
**Funds of the charity:**
**Restricted income funds**
Restricted funds
14
**Unrestricted income funds**
Unrestricted funds
**Total funds**
14|**2023**
**£**
1,673,712
-
144,438
144,438
(16,106)
128,332
1,802,044
(933,946)
868,098
-
868,098
868,098|**2022**
**£**
1,677,178
59,918
125,020| |---|---|---| |||184,938
(64,970)| |||119,968| |||1,797,146
(934,754)| |||862,392| |||13,132
849,260| |||862,392| The financial statements on pages 8 to 18 were approved by the trustees, and authorised for issue on 16 September 2024 | 02:57 PDT .................... and signed on their behalf by: ......................................... M Saidi Trustee The notes on pages 10 to 18 form an integral part of these financial statements. Page 9 Docusign Envelope ID: D2E8AFAB-8D2C-444D-BD39-7FE3279A992F ## **Torah Action Life** ## **Notes to the Financial Statements for the Year Ended 30 September 2023** ## **1 Charity status** The charity is limited by share capital, incorporated in . The address of its registered office is: 9A Burroughs Gardens London NW4 4AU ## **2 Accounting policies** ## **Summary of significant accounting policies and key accounting estimates** The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated. ## **Statement of compliance** The financial statements have been prepared in accordance with 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)) (issued in October 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. ## **Basis of preparation** Torah Action Life meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes. ## **Going concern** The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity. ## **Income and endowments** All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably. Page 10 Docusign Envelope ID: D2E8AFAB-8D2C-444D-BD39-7FE3279A992F ## **Torah Action Life** ## **Notes to the Financial Statements for the Year Ended 30 September 2023** ## _**Donations and legacies**_ Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period. Legacy gifts are recognised on a case by case basis following the grant of probate when the administrator/executor for the estate has communicated in writing both the amount and settlement date. In the event that the gift is in the form of an asset other than cash or a financial asset traded on a recognised stock exchange, recognition is subject to the value of the gift being reliably measurable with a degree of reasonable accuracy and the title to the asset having been transferred to the charity. ## **Expenditure** All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs. ## _**Raising funds**_ These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds. ## _**Charitable activities**_ Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. ## _**Grant provisions**_ Provisions for grants are made when the intention to make a grant has been communicated to the recipient but there is uncertainty about either the timing of the grant or the amount of grant payable. ## **Support costs** Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage. ## **Governance costs** These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees meetings and reimbursed expenses. Page 11 Docusign Envelope ID: D2E8AFAB-8D2C-444D-BD39-7FE3279A992F ## **Torah Action Life** ## **Notes to the Financial Statements for the Year Ended 30 September 2023** ## **Taxation** The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes. ## **Tangible fixed assets** Individual fixed assets are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. ## **Depreciation and amortisation** Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows: ## **Trade debtors** Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables. ## **Cash and cash equivalents** Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. ## **Trade creditors** Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method. Page 12 Docusign Envelope ID: D2E8AFAB-8D2C-444D-BD39-7FE3279A992F ## **Torah Action Life** ## **Notes to the Financial Statements for the Year Ended 30 September 2023** ## **Borrowings** Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Statement of Financial Activities over the period of the relevant borrowing. Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges. Borrowings are classified as current liabilities unless the charity has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date. ## **Fund structure** Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity. Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose. ## **3 Income from charitable activities** |Gift aid
Grant
**Total for 2023**
**Total for 2022**
**4**
**Investment income**
Interest receivable and similar income;
Interest receivable on bank deposits
**Total for 2023**|**Unrestricted**
**funds**
**General**
**£**
19,986
13,531
33,517
23,089
**Unrestricted**
**funds**
**General**
**£**
709
709|**Total**
**funds**
**£**
19,986
13,531| |---|---|---| |||33,517| |||23,089| |||**Total**
**funds**
**£**
709| |||709| Page 13 Docusign Envelope ID: D2E8AFAB-8D2C-444D-BD39-7FE3279A992F ## **Torah Action Life** ## **Notes to the Financial Statements for the Year Ended 30 September 2023** ## **5 Expenditure on raising funds** ## **a) Costs of generating Funds** |**Note**
Fundraising costs
**6**
**Expenditure on charitable activities**
Charity activity event
Governance costs
**Total for 2023**
**Total for 2022**|**Unrestricted**
**funds**
**General**
**£**
322
**Note**|**Total**
**2023**
**£**
322
**Unrestricted**
**funds**
**General**
**£**
241,323
11,264
252,587
226,415|**Total**
**2022**
**£**
1,682| |---|---|---|---| ||||**Total**
**funds**
**£**
241,323
11,264| ||||252,587| ||||226,415| ## **7 Other expenditure** |**Note**
Staff costs
Other staff costs
Legal fees
Marketing and publicity
Depreciation, amortisation and other similar
costs
General administrative costs
Allocated support costs|**Unrestricted**
**funds**
**General**
**£**
884
3,529
6,637
10,297
31,432
51,782
104,561|**Total**
**2023**
**£**
884
3,529
6,637
10,297
31,432
51,782
104,561|**Total**
**2022**
**£**
489
5,241
15,572
1,980
34,029
27,682| |---|---|---|---| ||||84,993| Page 14 Docusign Envelope ID: D2E8AFAB-8D2C-444D-BD39-7FE3279A992F ## **Torah Action Life** ## **Notes to the Financial Statements for the Year Ended 30 September 2023** The monthly average number of persons (including senior management / leadership team) employed by the charity during the year expressed as full time equivalents was as follows: ||**2023**||**2022**|| |---|---|---|---|---| ||**No**||**No**|| |Administration and advisors||4||3| No employee received emoluments of more than £60,000 during the year. None of the trustees received any remuneration or fees during the year. ## **8 Taxation** The charity is a registered charity and is therefore exempt from taxation. Page 15 Docusign Envelope ID: D2E8AFAB-8D2C-444D-BD39-7FE3279A992F ## **Torah Action Life** ## **Notes to the Financial Statements for the Year Ended 30 September 2023** ## **9 Tangible fixed assets** |**Cost**
At 1 October 2022
Additions
At 30 September
2023
**Depreciation**
At 1 October 2022
Charge for the year
At 30 September
2023
**Net book value**
At 30 September
2023
At 30 September
2022
**10 Debtors**
Trade debtors
Other debtors|**Land and**
**buildings**
**£**
1,630,538
-
1,630,538
-
-
-
1,630,538
1,630,538|**Furniture and**
**equipment**
**£**
12,403
850
13,253
-
1,783
1,783
11,470
12,403|**Website**
**£**
14,472
-||**Other tangible**
**fixed asset**
**£**
35,422
5,980||**Total**
**£**
1,692,835
6,830
1,699,665
15,657
10,296
25,953
1,673,712
1,677,178
**2022**
**£**
57,968
1,950| |---|---|---|---|---|---|---|---| ||||14,472||41,402||| ||||11,351
468||4,306
8,045||| ||||11,819||12,351||| ||||2,653||29,051||| ||||3,121||31,116||| ||||||**2023**
**£**
-
-
-||| ||||||||59,918| Page 16 Docusign Envelope ID: D2E8AFAB-8D2C-444D-BD39-7FE3279A992F ## **Torah Action Life** ## **Notes to the Financial Statements for the Year Ended 30 September 2023** ## **11 Creditors: amounts falling due within one year** |**11 Creditors: amounts falling due within one year**||| |---|---|---| |Bank loans
Trade creditors
Other taxation and social security
Other creditors
Accruals
**12 Creditors: amounts falling due after one year**
Bank loans
Other creditors|**2023**
**£**
-
2,632
1,151
6,323
6,000
16,106
**2023**
**£**
583,748
350,198
933,946|**2022**
**£**
27,266
29,373
2,048
6,283
-| |||64,970| |||**2022**
**£**
584,557
350,197| |||934,754| ## **13 Pension and other schemes** ## **Defined contribution pension scheme** The charity operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the charity to the scheme and amounted to ££Nil (2022 - £Nil). Contributions totalling £3,734 (2022 - £3,693) were payable to the scheme at the end of the year and are included in creditors. ## **14 Funds** |**14 Funds**|||||| |---|---|---|---|---|---| |**Unrestricted funds**
**_General_**
Unrestricted fund
**Restricted funds**
Restricted fund
**Total funds**|**Balance at 1**
**October**
**2022**
**£**
849,260
13,132
862,392|**Incoming**
**resources**
**£**
363,176
-
363,176|**Resources**
**expended**
**£**
(357,470)
-
(357,470)|**Transfers**
**£**
13,132
(13,132)
-|**Balance at**
**30**
**September**
**2023**
**£**
868,098
-| ||||||868,098| Page 17 Docusign Envelope ID: D2E8AFAB-8D2C-444D-BD39-7FE3279A992F ## **Torah Action Life** ## **Notes to the Financial Statements for the Year Ended 30 September 2023** |**Balance at 1**
**October 2021**
**£**
**Unrestricted funds**
**_General_**
Unrestricted fund
840,805
**Restricted**
Restricted fund
13,132
**Total funds**
853,937
**15 Analysis of net assets between funds**
Tangible fixed assets
Current assets
Current liabilities
Creditors over 1 year
Total net assets
Tangible fixed assets
Current assets
Current liabilities
Creditors over 1 year
Total net assets|**Incoming**
**resources**
**£**
321,545
-
321,545
**Unrestricted**
**funds**
**General**
**£**
1,677,178
171,805
(64,969)
(934,754)
849,260|**Resources**
**expended**
**£**
(313,090)
-
(313,090)
**Unrestricted**
**funds**
**General**
**£**
1,673,712
144,438
(16,106)
(933,946)
868,098
**Restricted**
**funds**
**£**
-
13,132
-
-
13,132|**Balance at 30**
**September**
**2022**
**£**
849,260
13,132| |---|---|---|---| ||||862,392| ||||**Total funds at**
**30 September**
**2023**
**£**
1,673,712
144,438
(16,106)
(933,946)| ||||868,098| ||||**Total funds at**
**30 September**
**2022**
**£**
1,677,178
184,937
(64,969)
(934,754)| ||||862,392| ## **16 Related party transactions** ## **Controlling party** The company is limited by guarantee and has not share capital; thus no single party controls the company. Page 18 Docusign Envelope ID: D2E8AFAB-8D2C-444D-BD39-7FE3279A992F ## **Torah Action Life** ## **Detailed Statement of Financial Activities for the Year Ended 30 September 2023** |**Income and Endowments from:**
Donations and legacies (analysed below)
Charitable activities (analysed below)
Other trading activities (analysed below)
Investment income (analysed below)
Total income
**Expenditure on:**
Raising funds (analysed below)
Charitable activities (analysed below)
Other expenditure (analysed below)
Total expenditure
Net income
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward|**Total**
**2023**
**£**
328,950
33,517
-
709
363,176
(322)
(252,587)
(104,561)
(357,470)
5,706
5,706
862,392
868,098|**Total**
**2022**
**£**
297,141
23,089
1,315
-| |---|---|---| |||321,545| |||(1,682)
(226,415)
(84,993)| |||(313,090)| |||8,455| |||8,455
853,937| |||862,392| This page does not form part of the statutory financial statements. Page 19 Docusign Envelope ID: D2E8AFAB-8D2C-444D-BD39-7FE3279A992F ## **Torah Action Life** ## **Detailed Statement of Financial Activities for the Year Ended 30 September 2023** |**_Donations and legacies_**
Legacies and bequests
**_Charitable activities_**
Other
**_Other trading activities_**
Hall Hire
**_Investment income_**
Interest on cash deposits
**_Raising funds_**
Fundraising costs
**_Charitable activities_**
Other fundraising costs
Exceptional costs
Grants payable - institutions
Salaries and related costs
Accountancy fees
**_Other expenditure_**
Rent
Rates & Water
Light, heat and power
Repairs and maintenance
Building repairs
Staff welfare
Telephone and fax
Computer software and maintenance costs
Printing, postage and stationery|**Total**
**2023**
**£**
328,950
328,950
33,517
33,517
-
-
709
709
(322)
(322)
(102,437)
(6,009)
-
(132,877)
(11,264)
(252,587)
(3,130)
(2,028)
(4,168)
(1,689)
(4,978)
(884)
(2,009)
(3,093)
(6,770)|**Total**
**2022**
**£**
297,141| |---|---|---| |||297,141| |||23,089| |||23,089| |||1,315| |||1,315| |||-| |||-| |||(1,682)| |||(1,682)| |||(112,454)
(5,929)
(1,170)
(104,739)
(2,123)| |||(226,415)| |||(2,329)
-
(6,562)
(1,221)
(9,643)
(489)
(1,951)
(7,410)
(2,995)| This page does not form part of the statutory financial statements. Page 20 Docusign Envelope ID: D2E8AFAB-8D2C-444D-BD39-7FE3279A992F ## **Torah Action Life** ## **Detailed Statement of Financial Activities for the Year Ended 30 September 2023** |Cleaning
Advertising
Legal and professional fees
Bank charges
Loan interest
Other interest payable
Depreciation of other tangible
Insurance
Trade subscriptions
Sundry expenses
Motor expenses
Amortisation of goodwill|**Total**
**2023**
**£**
(324)
(6,637)
(3,529)
(3,243)
(22,409)
(11,785)
(10,297)
(658)
(376)
(730)
(15,824)
-
(104,561)|**Total**
**2022**
**£**
-
(15,572)
(5,241)
(1,918)
(21,000)
-
(1,980)
(672)
(169)
(995)
(2,896)
(1,950)| |---|---|---| |||(84,993)| This page does not form part of the statutory financial statements. Page 21