AHAVAS TORAH BOYS ACADEMY LIMITED BY GUARANTEE DIRECTORS’ AND TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020
Company No. 08118886 (England and Wales) Charity No. 1150729
AHAVAS TORAH BOYS ACADEMY
Company Information
| Directors and Trustees | Arthur Weller |
|---|---|
| Dov Mankoff | |
| Company Number | 8118886 (England and Wales) |
| Independent Examiner | B Olsberg & Co |
| Enterprise House | |
| 3 Middleton Road | |
| Manchester | |
| M8 5DT | |
| Registered Office | B Olsberg & Co |
| Enterprise House | |
| 3 Middleton Road | |
| Manchester | |
| M8 5DT | |
| Charity Registration Number | 1150729 |
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AHAVAS TORAH BOYS ACADEMY
Contents
| Report of the trustees and directors | 3 |
|---|---|
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 |
| Notes to the Financial Statements | 8 |
| Independent Examiners’ Report | 9 |
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AHAVAS TORAH BOYS ACADEMY
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2020
The trustees of the charity present their annual report under the Charities Act 2011 and the financial statements for the year ended 31 August 2020 and confirm that the latter comply with the requirements of the Act, the Trust Deed and the Charities SORP 2005.
REFERENCE AND ADMINISTRATIVE INFORMATION
The Charity was incorporated under the name Ahavas Torah Boys Academy on 26 June 2012 and is registered with the Charity Commission under charity number 1150729. The Trustees, directors, secretary and principal addresses of the Charity are as listed on page 1.
STRUCTURE, GOVERNANCE AND MANAGEMENT
GOVERNING DOCUMENT
The charity is constituted as a company limited by guarantee, and is therefore governed by a memorandum and articles of association dated 25 June 2012 which has not been amended.
GOVERNING BODY
The structure of the Charity consists of three trustees two of whom are also directors of the company and a company secretary. The board of Trustees is authorised to appoint new Trustees to fill vacancies arising through resignation or death of an existing trustee.
ORGANISATIONAL MANAGEMENT
The Trustees of the Charity, are legally responsible for the overall management and control of the Charity and meet regularly.
RISK MANAGEMENT
The trustees actively review the major risks which the charity faces on a regular basis and believe that an annual review of the controls over key financial systems, will be sufficient to ensure continuity in the event of adverse conditions.
OBJECTS, AIMS, OBJECTIVES AND ACTIVITIES
The charity is constituted as a company limited by guarantee and its objects are to encourage and support the furtherance of Orthodox Jewish Religious Education and in line with this objective is operating as a full time school
The charity is organised so that the trustees meet regularly to manage its affairs. The charity is not dependent on voluntary assistance. Administration of the charity is dealt with by the trustees.
It is intended to continue with the Charities activities.
PUBLIC BENEFIT
The trustees confirm that that they have referred to the guidance contained in the Charity Commission’s general guidance on public benefit and in particular to its supplementary public benefit guidance on advancing education when reviewing the charity’s aims and objectives and in planning future activities.
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AIMS AND INTENDED IMPACT
Within these objects, the trustee's aim to provide funds for the running of a school.
OBJECTIVES FOR THE YEAR
The aim this year is to continue to give support to the running of a school.
STRATEGIES TO ACHIEVE THE YEAR'S OBJECTIVES
These included meetings with parents and potential donors to obtain funds for the running of the school.
PRINCIPAL ACTIVITIES OF THE YEAR
The charity collected funds during the year which were sufficient to meet the needs of the Charity.
GRANT MAKING POLICY
The policy is to provide funds for the running of the educational activities.
REVIEW AND ACHIEVEMENTS AND PERFORMANCE FOR THE PERIOD FINANCIAL REVIEW
Transactions and Financial Position
The Statement of Financial Activities shows a total income of £277,420 (2019 - £275,915) and resources expended were £274,574 leaving a surplus for the year of £2,846 (2019 -a deficit of £9,046).
Funds available are sufficient to permit the charity to continue in operation and to carry on the same level of funding.
FINANCIAL REVIEW AND RESULTS FOR THE YEAR
The Trustees consider that the performance of the charity this year has been satisfactory. There were no significant changes in the year.
This is in line with the wishes of the Trustees who constantly review the effectiveness of the charity and approve the scope of their activities.
RESERVES POLICY
The trustees intend to fully maintain the current activities.
INVESTMENT POLICY AND OBJECTIVES
There is no investment policy at present.
FUTURE PLANS
The trustee's plans are to continue to collect donations to support its current educational activities and to operate as a school
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ACCOUNTING AND REPORTING RESPONSIBILITIES
The trustees are required by Charity law to prepare financial statements for each financial year which give a true and fair view of the financial activities of the charity and of its financial position at the end of the year. In preparing those financial statements the trustees are required to:
-
(a) select suitable accounting policies and apply them consistently;
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(b) make judgements and estimates that are reasonable and prudent;
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(c) follow applicable accounting standards and statements of recommended practice, disclosing and explaining any departures in the financial statements.
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(d) prepare the financial statements on a going concern basis unless it is inappropriate to assume that the charity will continue in operation.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 1993. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approval
The report was approved by the board of directors and trustees on 10 June 2021 and signed on its behalf.
A Weller Trustee
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AHAVAS TORAH BOYS ACADEMY STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2020
| Note INCOME RESOURCES Voluntary and other income Government Grants Interest Security Grant RESOURCES EXPENDED Wages and Pension Costs 2 Professional Fees Security Functions, Outings and Activity School Requisites Insurance Rent Repairs and Maintenance Printing, Postages, Stationery and Advertising Accountancy Heat and Light Bank Charges Telephone Depreciation Computer and Software Sundry TOTAL RESOURCES EXPENDED NET INCOME /(DEFICIT) FUND BALANCE AS AT 31 AUGUST 2019 FUND BALANCE CARRIED FORWARD AT 31 AUGUST 2020 |
2020 2019 £ £ Unrestricted Funds 249,870 246,079 18,326 - 1 3 9,223 29,833 |
|---|---|
| 277,420 275,915 |
|
| 199,848 153,375 4,398 37,069 9,228 29,832 8,569 13,484 2,999 2,803 1,671 4,164 13,411 16,394 17,334 11,767 1,956 3,926 900 900 11,659 7,712 - 28 1,183 1,149 575 750 245 - 598 1,608 |
|
| 274,574 284,961 |
|
| 2,846 (9,046) 11,104 20,150 |
|
| 13,950 11,104 |
The notes form part of these accounts
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AHAVAS TORAH BOYS ACADEMY BALANCE SHEET AS AT 31 AUGUST 2020
| Note FIXED ASSETS Tangible assets for use by the charity 3 CURRENT ASSETS Bank School Requisites Stock Sundry Debtors CREDITORS Amounts due within one year 4 Net Current Assets/(Liabilities) Net Assets FUNDS Unrestricted Income |
2020 £ 1,677 |
2019 £ 2,252 |
|
|---|---|---|---|
| 20,441 7,000 - |
6,117 7,000 10,000 |
||
| 27,441 | 23,117 | ||
| (15,168) (14,265) |
|||
| 12,273 8,852 |
|||
| 13,950 11,104 |
|||
| 13,950 11,104 |
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006 and that the members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The Accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small company’s regime.
The notes form part of these financial statements.
These accounts were approved by the Trustees on 10 June 2021.
………….………………………………………… Trustee/Director
A Weller
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AHAVAS TORAH BOYS ACADEMY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2020
-
1 Accounting policies
-
1.1 Basis of accounting
The financial statements have been prepared under the historical cost convention, and in accordance with the Statement of Recommended Practice "Accounting and Reporting by Charities" (SORP 2005) and the Charities Act 2011.
- 1.2 Income Voluntary income, contributions and donations are accounted for as received by the charity. No permanent endowments have been received in the year.
| 2. Wages Salaries etc. Pension Premiums Teachers 3. Fixed Assets Furniture, Fixtures and Fittings at cost b/f Additions Less Depreciation |
20202019 £ £ 196,058 150,561 3,789 2,812 |
||
|---|---|---|---|
| 199,847 153,373 |
|||
| 23 22 |
|||
| £ £ 5,716 5,716 - - |
|||
| 5,716 5,716 4,039 3,464 |
|||
| 1,677 2,252 |
4. Creditors; Amounts falling due within one year
Accruals Social Security and Other Taxes |
2020 £ 10,500 4,659 15,159 |
2019 £ 11,825 2,440 14,265 |
|---|---|---|
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AHAVAS TORAH BOYS ACADEMY
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF AHAVAS TORAH BOYS ACADEMY
I report on the Accounts of the Trust for the year ended 31 August 2020, which are set out on pages 6 to 8.
RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER
The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. The Charity is preparing accrued accounts and I am qualified to undertake the examination by being a qualified member of The Institute of Chartered Accountants (England and Wales).
It is my responsibility to:
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Examine the Accounts under Section 145 of the 2011 Act;
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To follow procedures laid down in the General Directions given by the Charity Commission under Section 145(5) of the 2011 Act; and
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To state whether particular matters have come to my attention.
BASIS OF INDEPENDENT EXAMINERS’ REPORT
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a “true and fair view” and the report is limited to those matters set out in the statement below.
INDEPENDENT EXAMINERS’ STATEMENT
In connection with my examination, no matter has come to my attention:
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(1) which gives me reasonable cause to believe that in any material respect the requirements:
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to keep accounting records in accordance with Section 130 of the Charities Act 2011; and
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to prepare accounts which accord with the accounting records, and to comply with the accounting requirements of the 2011 Act have not been met; or
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(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the Accounts to be reached.
B Olsberg B Olsberg & Co Chartered Accountant Enterprise House 3 Middleton Road Manchester M8 5DT
10 June 2021
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