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 2024 Ripe LLP Chartered Accountant 9A Burroughs Gardens London NW4 4AU ## **Torah Action Life** ## **Contents** |Charity Information|1| |---|---| |Trustees' Report|2 to 5| |Independent Examiner's Report|6 to 7| |Statement of Financial Activities|8| |Balance Sheet|9 to 10| |Notes to the Financial Statements
11 to 20|| ## **Torah Action Life** ## **Charity Information** **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 ## **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 2024. ## **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 ## **Torah Action Life** ## **Trustees' Report** ## **Introduction:** We are pleased to present the trustees' report for Torah Action Life (TAL) for the year ended September 2024. This report outlines the objectives, activities, and financial performance of TAL during the year. ## **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 programmes, and inspirational events, we have been able to make a meaningful impact across these institutions. ## **Achievements and Performance** 2024 has been a year of exceptional growth, innovation, and deepened impact for TAL. Building on the strong momentum from 2023, we’ve expanded our reach and introduced powerful new programmes that are transforming lives and strengthening Jewish identity and enhancing mental health of our youth at every stage. TAL continues to be a leading force in empowering young Jewish women and men with the tools, values, and wisdom they need to thrive in the modern world. From teenagers to university students, and now even supporting young adults on the path to marriage and leadership, TAL’s influence is growing—and so is the demand for what we offer. - 400 unique participants attending 28 weekly educational sessions - 22,000 weekly viewings of TAL educational publications online in the community synagogues and national newspapers. - Provided Shabbat and Festival hospitality to 1170 young individuals - 20 Graduates to the TAL Ladies Leadership Programme - 2 newlywed TAL couples, having brought together a total of 59 since inception. - 3 Heritage Trips abroad ## **Teenage Programme – From Strength to Strength – 125 teenagers weekly** This year has seen our teenage programme flourish like never before, with over 125 teenagers attending weekly. Our sessions have become a cornerstone of their week, offering a safe, inspiring space to discuss everything from Jewish values to real-world challenges. The feedback from both students and parents has been overwhelming: the teenagers have gained new skills, are more confident, proud of their identity, and making stronger, values-driven decisions. Page 3 ## **NEW: Ladies' Leadership Course – Empowering Tomorrow’s Female Leaders – 20 graduates.** One of the most exciting additions to TAL in 2024 has been our Ladies' Leadership Course. This ground breaking initiative is designed to teach young Jewish women the tools of leadership, including public speaking, decision-making, confidence building, and how to lead with Jewish values. The course has been met with tremendous enthusiasm, and early outcomes have already shown a shift in how these young women see their role in their communities, their families, and their futures. We have 20 graduates who have succeeded in the course. ## **Three European Heritage Trips – Experiential Jewish Learning Beyond the Classroom** This year, TAL proudly ran three heritage trips across Europe for 42 teenagers, offering a powerful combination of Jewish historical education, identity-building, and leadership development. These journeys took students to key sites of Jewish significance—allowing them to connect deeply with their heritage in a visceral, unforgettable way. Beyond the history, students engaged in workshops, group bonding, and leadership training, returning home with a stronger Jewish identity, deeper perspective, and lifelong friendships. These trips are quickly becoming one of our most sought-after programmes. ## **University Programme – Expanding Our Reach – 240 sessions at 12 Universities** TAL’s university programme continues to thrive, now reaching hundreds of students every week. Our vibrant sessions explore Judaism, mental health, wisdom, and navigating modern life. These classes offer more than information—they offer identity, belonging, and perspective at a critical time in young adults' lives. Students leave our sessions feeling stronger, more grounded, and inspired to be proud Jewish contributors to society. ## **NEW: Matchmaking – Building Futures – 2 TAL weddings!** In a joyful new addition to our work, we are thrilled to share that we have welcomed a dedicated matchmaker to the TAL team. This new initiative has already borne fruit, with two successful weddings and more matches in progress. As our students grow into adulthood, this expansion allows TAL to continue guiding and supporting them in the most important areas of their lives. TAL has never been more impactful, more relevant, or more needed. Our alumni are stepping into the world as strong, thoughtful, values-driven Jewish leaders—many of whom stay involved, give back, and bring others into the fold. From a teenage girl finding her voice, to a university student gaining clarity, to a newly married couple building a Jewish home, TAL is there for the community. As we look to 2025, our goals are ambitious. We plan to expand our leadership programmes, grow our team, and offer even more high-quality support to the next generation. The demand is there. The momentum is building. And the results speak for themselves. Page 3 ## **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. Over the past year, TAL has experienced a period of significant growth and expansion across all areas of our work. This growth has naturally led to an increase in operational costs, which we view as a direct investment in our expanding impact and responsibilities. In response to rising security concerns and the growing need to safeguard our community and events, we have appropriately increased our security provisions. In addition, as antisemitism continues to pose a real and evolving threat, we have allocated additional resources towards specialised tools and initiatives to effectively address and combat this challenge. Simultaneously, we have expanded our core programming — increasing the number and scope of our lectures, events, and educational offerings. Our marketing and communications efforts have also scaled in order to reach a wider and more diverse audience, while our publications have grown in both quality and reach. These strategic developments reflect our mission to be a leading voice in the community and are clear indicators of a thriving, forward-moving organisation. The increase in expenditure reflects not only higher costs but also the enhanced breadth, relevance, and impact of TAL’s work. Every expenditure made by TAL is dedicated to creating a comprehensive array of successful, high-quality programmes that make a lasting impact. We prioritise responsible allocation of resources to ensure that our initiatives effectively serve the needs of our community. Page 3 ## **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. ## 30 Jul 2025 The annual report was approved by the trustees of the charity on .................... and signed on its behalf by: ......................................... M Saidi Trustee Page 5 ## **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 2024. ## **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 ## **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 ...................................... Robert Glazer FCA Chartered Accountant Ripe LLP 9A Burroughs Gardens London NW4 4AU 30 Jul 2025 Date:............................. Page 7 ## **Torah Action Life** **Statement of Financial Activities for the Year Ended 30 September 2024 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)** ||**Unrestricted**
**funds**|**Restricted**|**funds**|**Total**
**2024**|**Total**
**2023**|| |---|---|---|---|---|---|---| ||**Note**|||||| ||**£**|**£**||**£**|**£**|| |**Income and Endowments**|**from:**|||||| |Donations and legacies|3
349,991||19,000|368,991|328,950|| |Charitable activities|4
3,849||7,619|11,468|33,517|| |Other trading activities|3,950|||3,950|-|| ||||-|||| |Investment income|5
1,812|||1,812
|709|| ||||-|||| |Total income|359,602||26,619|386,221|363,176|| |**Expenditure on:**||||||| |Raising funds|6
-4,584|||-4,584
|-322|| |Charitable activities|7
-271,555||-19,000|-290,555|-252,587|| |Other expenditure|8
-118,578|||-118,578|-104,561|| |Total expenditure|-394,717||-19,000|-413,717|-357,470|| |Net (expenditure)/income|
-35,115||7,619|-27,496|5,706|| |Net movement in funds|-35,115||7,619|-27,496|5,706|| |**Reconciliation of funds**||||||| |Total funds brought
forward|868,099||-|868,099|862,392|| |Total funds carried||||||| |forward|18
832,984||7,619|840,603|868,098|| All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2023 is shown in note 18 . ## **Torah Action Life** The notes on pages 11 to 20 form an integral part of these financial statements. Page 9 ## **(Registration number: 07771068) Balance Sheet as at 30 September 2024** |**Note**|**2024**
**2023**| |---|---| ||**£**
**£**| |**Fixed assets**|| |Tangible assets
12|1,676,554
1,673,712| |**Current assets**|| |Debtors
13|463
-| |Cash at bank and in hand
14|95,675
144,438| ||96,138
144,438| |**Creditors: Amounts falling due within one year**
15|-39,682
-16,106| |**Net current assets**|56,456
128,332| |**Total assets less current liabilities**|1,733,010
1,802,044| |**Creditors: Amounts falling due after more than one year**
16|-892,407
-933,946| |**Net assets**|840,603
868,098| |**Funds of the charity:**|| |**Unrestricted income funds**|| |Unrestricted funds|832984
868,098| |**Restricted income funds**|| |Restricted funds|7619| |**Total funds**
18|840,603
868,098| The notes on pages 11 to 20 form an integral part of these financial statements. Page 9 ## **Torah Action Life** ## **(Registration number: 07771068) Balance Sheet as at 30 September 2024** For the financial year ending 30 September 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors' responsibilities: - The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 476; and - The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006. ## 30 Jul 2025 The financial statements on pages 8 to 20 were approved by the trustees, and authorised for issue on .................... and signed on their behalf by: ......................................... M Saidi Trustee The notes on pages 11 to 20 form an integral part of these financial statements. Page 10 ## **Torah Action Life** ## **Notes to the Financial Statements for the Year Ended 30 September 2024** ## **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 11 ## **Torah Action Life** ## **Notes to the Financial Statements for the Year Ended 30 September 2024** ## _**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. ## _**Donated services and facilities**_ Where services or facilities are provided to the charity as a donation that would normally be purchased from our suppliers, this benefit is included in the financial statements at its fair value unless its fair value cannot be realiably measured, then at the cost to the donor or the resale value of goods that are to be sold. ## **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. Page 12 ## **Torah Action Life** ## **Notes to the Financial Statements for the Year Ended 30 September 2024** ## **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. ## **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: |**Depreciation and amortisation**
Depreciation is provided on tangible fixed assets so as to write off
residual value, over their expected useful economic life as follows:|the cost or valuation, less any estimated| |---|---| |**Asset class**|**Depreciation method and rate**| |Other tangible asset|20% on cost| |Furniture and fittings|15% reducing balance| |Office Equipment|15% reducing balance| ## **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. Page 13 ## **Torah Action Life** ## **Notes to the Financial Statements for the Year Ended 30 September 2024** ## **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. ## **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. ## **3 Income from donations and legacies** |**3 Income from donations and legacies**|| |---|---| ||**Unrestricted**
**funds**
**Restricted**
**funds**
**Total**| ||**General**
**funds**| ||**£**
**£**| |Donation and Legacies|349,991
19,000
368,991| |**Total for 2024**|349,991
19,000
368,991| |**Total for 2023**|328,950
328,950| Page 14 ## **Torah Action Life** ## **Notes to the Financial Statements for the Year Ended 30 September 2024** ||**4 Income from charitable activities**|||| |---|---|---|---|---| |||**Unrestricted funds**
**Restricted funds**
**Total**||| |||||| |||||| ||||**funds**|| ||||**£**
**£**
**£**|| ||Grant||3,849
7,619
11,468|| ||**Total for 2024**||3,849
7,619
11,468|| ||**Total for 2023**||33,517|33,517| |**5 Investment income**||| |---|---|---| |||**Unrestricted funds**
**Total**| |||**General**
**funds**| |||**£**
**£**| |Interest receivable and similar income;||| |||| |||| |Interest receivable on bank deposits||1,812
1,812| |**Total for 2024**||1,812
1,812| |**Total for 2023**||709
709| |||| |**6 Expenditure on raising funds**||| |**a)**
**Costs of generating Funds**||| ||**Unrestricted funds**
**Total**|| |**Note**|**General**
**funds**|| ||**£**
**£**|| |Fundraising costs|4,584
4,584|| |**Total for 2024**|4,584
4,584|| |**Total for 2023**|322
322|| Page 15 ## **Torah Action Life** ## **Notes to the Financial Statements for the Year Ended 30 September 2024** ## **7 Expenditure on charitable activities** |**7 Expenditure on charitable**|**activities**| |---|---| ||**Unrestricted funds**
**Restricted funds**
**Total**| ||**General**
**2024**| ||**£**
**£**
**£**| |Governance costs|14,954
-
14,954| |Charitable activities|112,817
19,000
131,817| |Exceptional costs|11,637
-
11,637| |Salaries and related costs|132,147
-
132,147| |**Total for 2024**|271,555
19,000
290,555| |**Total for 2023**|252,587
-
252,587| ## **8 Other expenditure** |**8**
**Other expenditure**|| |---|---| ||**Unrestricted**
**funds**
**Total**
**Total**| ||**General**
**2024**
**2023**| ||**£**
**£**
**£**| |Staff costs|| |Other staff costs|686
686
884| |Legal fees|1,334
1,334
3,529| |Marketing and publicity|10,036
10,036
6,637| |Depreciation, amortisation and other similar costs|12,020
12,020
10,297| |General administrative costs|40,784
40,784
31,432| |Allocated support costs|53,718
53,718
51,782| ||118,578
118,578
104,561| Page 16 ## **Torah Action Life** ## **Notes to the Financial Statements for the Year Ended 30 September 2024** 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: |charity during the year expressed as full time equivalents was as follows:|| |---|---| ||**2024**
**2023**| ||**No**
**No**| |Administration and advisors|4
4| No employee received emoluments of more than £60,000 during the year. None of the trustees received any remuneration or fees during the year. ## **9 Net incoming/outgoing resources** Net (outgoing)/incoming resources for the year include: |Net (outgoing)/incoming resources for the year include:||||| |---|---|---|---|---| ||**2024**||**2023**|| ||**£**||**£**|| |Depreciation of fixed assets||12,020||10,297| ## **10 Trustees remuneration and expenses** No trustees, nor any persons connected with them, have received any remuneration from the charity during the year. No trustees have received any reimbursed expenses or any other benefits from the charity during the year. ## **11 Taxation** The charity is a registered charity and is therefore exempt from taxation. Page 17 ## **Torah Action Life** ## **Notes to the Financial Statements for the Year Ended 30 September 2024** ## **12 Tangible fixed assets** |**12**
**Tangible fixed assets**|**12**
**Tangible fixed assets**| |---|---| |**Land and**
**buildings**
**Furniture and**
**equipment**
**Website**
**Other tangible**
**fixed asset**
**Total**|| |**£**
**£**
**£**
**£**
**£**|| |**Cost**|| |At 1 October 2023
1,630,538
13,253
14,472
41,402
1,699,665|| |Additions
-
-
-
14,862
14,862|| |At 30 September|| |2024
1,630,538
13,253
14,472
56,264
1,714,527|| |**Depreciation**|| |At 1 October 2023
-
1,783
11,819
12,351
25,953|| |Charge for theyear
-
1,553
398
10,069
12,020|| |At 30 September|| |2024
-
3,336
12,217
22,420
37,973|| |**Net book value**|| |At 30 September|| |2024
1,630,538
9,917
2,255
33,844
1,676,554|| |At 30 September|| |2023
1,630,538
11,470
2,653
29,051
1,673,712|| |**13**
**Debtors**|| ||**2024**
**2023**| ||**£**
**£**| |Prepayments|463
-| |**14**
**Cash and cash equivalents**|| ||**2024**
**2023**| ||**£**
**£**| |Cash on hand|2,690
2,440| |Cash at bank|33,327
51,554| |Short-term deposits|59,658
90,444| ||95,675
144,438| Page 18 ## **Torah Action Life** ## **Notes to the Financial Statements for the Year Ended 30 September 2024** ## **15 Creditors: amounts falling due within one year** |**15**
**Creditors: amounts falling due within one year**|||||| |---|---|---|---|---|---| ||**2024**||**2023**||| ||**£**||**£**||| |Trade creditors||26,051||2,632|| |Other taxation and social security||871||1,151|| |Other creditors||6,200||6,323|| |Accruals||6,560||6,000|| |||39,682||16,106|| ## **16 Creditors: amounts falling due after one year** |**16**
**Creditors: amounts falling due after one year**|||| |---|---|---|---| ||**2024**|**2023**|| ||**£**|**£**|| |Bank loans|542,210|583,748|| |Other creditors|350,197|350,198|| ||892,407|933,946|| ## **17 Pension and other schemes** ## **Defined contribution pension scheme** Contributions totalling £3,719 (2023 - £3,734) were payable to the scheme at the end of the year and are included in creditors. Page 19 ## **Torah Action Life** ## **Notes to the Financial Statements for the Year Ended 30 September 2024** |**18**|**Funds**||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---| |||**Balance at 1**||**October**|
**Incoming**||**Resources**|||**Balance at 30**|||| ||||**2023**||**resources**||**expended**|||**September**||**2024**|| ||||**£**|||**£**||**£**||**£**|||| |**Unrestricted funds**|||||||||||||| |**_General_**|||||||||||||| |Unrestricted fund||||868,098||359,602||-394,716||||832,984|| |**Restricted**|||||||||||||| |Restricted
fund||||||26,619||-19,000||||7,619|| |**Total funds**||||868,098||386,221||-413,716||||840,603|| ||**Balance at 1**
**October 2022**|||**Incoming**
**resources**||**Resources**
**expended**||**Transfers**||**Balance at 30**
**September 2023**|||| |||**£**|||**£**||**£**|**£**|||**£**||| |**Unrestricted funds**|||||||||||||| |**_General_**|||||||||||||| |Unrestricted
fund||849,260|||363,176||-357,470|13,132||||868,098|| |**Restricted**|||||||||||||| |Restricted
fund|||13,132|||-|-|-13,132||||-|| |**Total funds**||862,392|||363,176||-357,470|-||||868,098|| ||||||||||||||| ## **19 Related party transactions** ## **Controlling party** The company is limited by guarantee and has no share capital; thus no single party controls the company. Page 20 ## **Issuer** Ripe Chartered Accountants **Document generated** Wed, 30th Jul 2025 16:11:19 BST **Document fingerprint** 00e765bf6d61ab561233228b6d40b480 ## **Parties involved with this document** ## **Document processed** ## **Party + Fingerprint** Wed, 30th Jul 2025 16:42:18 BST Wed, 30th Jul 2025 17:12:29 BST Wed, 30th Jul 2025 17:12:29 BST Wed, 30th Jul 2025 17:12:29 BST Mr Moise Saidi - Signer (15f3a3b5246ec9ae01858fb0d82008a1) Robert Glazer - Signer (19989e7d7f4a4703e71a699cc6a6a9e2) Mr Jonathan Tawil - Copied In (aad2aa9d6505265f3fa9f93ee2e65650) Accounts Ripe - Copied In (b7c8e8bd959936150dc5cc4c06400316) ## **Audit history log** ## **Date** ## **Action** Wed, 30th Jul 2025 16:11:19 BST Wed, 30th Jul 2025 16:11:19 BST Wed, 30th Jul 2025 16:11:19 BST Wed, 30th Jul 2025 16:11:19 BST Wed, 30th Jul 2025 16:11:19 BST Wed, 30th Jul 2025 16:11:19 BST Wed, 30th Jul 2025 16:11:19 BST Wed, 30th Jul 2025 16:11:19 BST Wed, 30th Jul 2025 16:11:31 BST Wed, 30th Jul 2025 16:11:31 BST Wed, 30th Jul 2025 16:11:32 BST Wed, 30th Jul 2025 16:41:03 BST Wed, 30th Jul 2025 16:42:18 BST Wed, 30th Jul 2025 16:42:18 BST Wed, 30th Jul 2025 16:42:20 BST Wed, 30th Jul 2025 17:07:38 BST Envelope generated with fingerprint 0a18cbd454d4e91e57aea78e4ca39c1d (18.133.63.166) Document generated with fingerprint 00e765bf6d61ab561233228b6d40b480. (18.133.63.166) Document generated with fingerprint 44e9b64293681538574d755473060b21. (18.133.63.166) Mr Moise Saidi has been assigned to this envelope. (18.133.63.166) Robert Glazer has been assigned to this envelope. (18.133.63.166) Mr Jonathan Tawil has been assigned to this envelope. (18.133.63.166) Accounts Ripe has been assigned to this envelope. (18.133.63.166) Envelope has been set to automatically remind the active signer every 1 day(s). (18.133.63.166) Envelope generated Sent the envelope to Mr Moise Saidi for signing Document emailed to party email Mr Moise Saidi viewed the envelope (31.94.64.94) Mr Moise Saidi signed the envelope (31.94.64.94) Sent the envelope to Robert Glazer for signing (31.94.64.94) Document emailed to party email Robert Glazer viewed the envelope (109.73.121.102) Wed, 30th Jul 2025 17:12:29 BST Wed, 30th Jul 2025 17:12:29 BST Wed, 30th Jul 2025 17:12:29 BST Wed, 30th Jul 2025 17:12:29 BST Wed, 30th Jul 2025 17:12:30 BST Wed, 30th Jul 2025 17:12:31 BST Robert Glazer signed the envelope (109.73.121.94) Sent the envelope to Mr Jonathan Tawil for signing (109.73.121.94) Sent the envelope to Accounts Ripe for signing (109.73.121.94) This envelope has been signed by all parties (109.73.121.94) Document emailed to party email Document emailed to party email