## **OHEL TORAH YOUTH ORGANISATION Company Registration Number 08377808 Charity Commission 1152134** ## **Unaudited financial statements 31 January 2022** P a g e | **1** ## **OHEL TORAH YOUTH ORGANISATION** |**Contents**|**Page**||| |---|---|---|---| |**Legal & Administrative Details**|**3**||| |**Trustees Report**||**4**|| |**Independent Examiner’s Report**|||**5**| |**Statement of fnancial activities**|||**6**| |**Statement of Financial Positions**|||**7**| |**Notes to the fnancial statements**|||**8-9**| P a g e | **2** ## **OHEL TORAH YOUTH ORGANISATION Legal & Administrative Details Year ended 31 January 2022** Ohel Torah Youth Organisation Name Ohel Torah Youth Organisation Constitution Memorandum and Articles incorporated 28/01/13 Charity Registration Number 1152134 Trustees Mr M. Ausch Mr C. Landau New trustees are appointed on the recommendation of the Youth Organisation committee. Address for Correspondence 23 Linthorpe Road London N16 5RE Bankers HSBC 150 High Street Stoke Newington London, N16 7JP Accountant Fort Acquaye ACMA Fountayne Business Centre Broad Lane, London, N15 4AG P a g e | **3** ## **OHEL TORAH YOUTH ORGANISATION Trustees Report For the year ended 31 January 2022** The Trustees present their report and accounts for the year ended 31 January 2022 ## **Constitution Etc** Legal and Administrative details are shown on page 1. ## **Objectives/Activities** The charity operates a Youth Organisation in North London. The Charity provides daily education and recreation for young people. ## **Risk Management** The Trustees have identified and reviewed the major risks to which the charity is exposed. Both manual and automated checks are regularly invoked, particularly those relating to the operations and finance of the Charity. The Trustees are satisfied that these systems and procedures mitigate any perceived risks. ## **Public Benefit** We have referred to the guidance in the Charity Commission’s general guidance on public benefit when reviewing our aims and objectives and in planning our future activities. ## **Achievements and performance** The Charity works with young people and during the year, over 200 (2021 -210) passed through its gates to participate in youth activities – including games, educational activities etc. ## **Reserves** The Charity received £288,910 (2021- £227,313) in donations during the year. Total expenditure for the year was £308,009 (2001 - £228,311), leading to a loss of (£19,099) (2021 – (£998)). The Trustees are working to generate excess funds over income in the coming years. The charity’s liquid reserves are considered adequate for its activities. .................................. P a g e | **4** M Ausch (trustee) 15 November 2022 ## Independent Examiner’s Report to the Trustees of Ohel Torah Youth Organisation ## **Independent examiner's report to the trustees of Ohel Torah Youth Organisation on the Financial statements for the year to 31 January 2022.** I report to the trustees on my examination of the accounts of the above charity (“the Charity”) for the year ended 31 January 2022, set out on pages 4 - 7. ## **Responsibilities and basis of report** As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”). I report in respect of my examination of the Charity s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. ## **Independent examiner's statement** I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect: - a) the accounting records were not kept in accordance with section 130 of the Charities Act; or - b) the accounts did not accord with the accounting records; or - c) the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Fort Acquaye ACMA Unit 2, Fountayne Business Centre Broad Lane, London, N15 4AG P a g e | **5** 15 November 2022 ## **OHEL TORAH YOUTH ORGANISATION Statement of financial activities For the year ended 31 January 2022** |**Notes**
**Income**
Donations
**Total Income**
**Expenditure**
Charitable Activities
**3**
Depreciation
**4**
**Total Expenditure**
**Net Income/ (expenditure) for the year**
**(998)**
**Reconciliation of funds**
Total funds brought forward
10,481
**Total funds carried forward**|**2022**
**2021**
**£**
**£**
288,910
227,313
288,910
227,313
307,301
227,367
708
944
308,009
228,311
**(19,099)**
9,483
**(9,616)**
**9,483**|**2022**
**2021**
**£**
**£**
288,910
227,313
288,910
227,313
307,301
227,367
708
944
308,009
228,311
**(19,099)**
9,483
**(9,616)**
**9,483**| |---|---|---| |||| |||**9,483**| P a g e | **6** ## **OHEL TORAH YOUTH ORGANISATION Statement of Financial Positions As at 31 January 2022** |||**2022**|||**2021**| |---|---|---|---|---|---| ||**Notes**|**£**|**£**|**£**|**£**| |**Fixed assets**|||||| |Tangible assets|**4**||2,125||2,834| |**Current Assets**|||||| |Debtors|||592||161| |Cash at bank and in hand|||9,547||10,003| |**Total Current Assets**|||10,139||10,164| |**Creditors: amounts falling**|||||| |**due within one year**|**6**|(21,880)|||**(**3,515)| |**Net current assets**|||**(**11,741)||6,649| |Net Assets|||(9,616)||9,483| |**Funds of the charity**|||||| |Unrestricted funds|||(9,616)||9,483| |**Total charity funds**|||**(9,616)**||**9,483**| The financial statements were approved by the trustees on 15 November 2022 and signed on their behalf by: ## **M. Ausch Trustee** P a g e | **7** ## **OHEL TORAH YOUTH ORGANISATION Notes to the financial statements For the year ended 31 January 2022** ## **1. Accounting Policies** The financial statements have been prepared on the historical cost basis. The financial statements are prepared in British pound sterling (£) which is the functional currency of the entity. The Charity received only unrestricted income. ## **1.1. Basis of preparation of financial statements.** These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’, the statement of recommended practice applicable to Charities preparing their accounts in accordance with FRS 102, Charities SORP and Charities Act 2011. ## **1.2. Income** Income is received by way of donations and is included in full in the Statement of Financial Activities when received. ## **1.3. Expenditure** Liabilities are recognised in the year in which they are incurred, Governance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements. ## **1.4. Tangible assets** Tangible Assets includes Religious Books and temporary furniture included in the accounts at costs less accumulated depreciation. ## **1.5. Depreciation** Depreciation is provided at 25% reducing balance. ## **2. Employees** ## **Number of Employees** The average number of employees during the year was: ||||| |---|---|---|---| |The average number of employees durin|g the year was:|**2022**|**2021**| ||6|6|| |**3. Charitable Activities**|||| ||**2022**|**2021**|| ||**£**|**£**|| |Student Grants|36,500|27,000|| |Club Supplies|13,858||13,260| |Youth Events|16,901||13,198| |Food & Meals|50,458||51,886| |Repairs|11,441||9,705| |Wages & Salaries|54,556||27,759| |Pension Costs|554||539| |Rent Payable|41,600||28,800| P a g e | **8** |Utilities
Printing Postage Stationery
Advertising
Telephone
Computer costs
Motor Expense
Bookkeeping& Secretarial
Support costs
Bank Charges
Cleaning
Waste Disposal
Ofice Expenses|4,777
4,580
3,526
2,783
2,495
2,140
2,680
1,034
3,450
2,130
3,486
3,228
50,000
25,400
800
700
305
-
6,675
10,547
612
1,227
2,627
1,451
307,301
227,367| |---|---| ## **4. Tangible Assets** |**Fixture**
**Fittings**
**&**
**Equipme**
**nt**
**£**
Religious Books and Furniture at Cost
38,527
Depreciation as at 1 February 2021
35,694
Depreciation Charge for the year
708
**Accumulated Depreciation as at 31 January**
**2022**
36,402
**Tangible Assets as at 31 January 2022**
2,125
Tangible Assets as at 31 January 2021
2,833
**5. Debtors**
**2022**
**£**
Other Debtors
592
**6. Creditors: Amounts falling due within one year**
**2022**
**£**
Other Creditors
21,880|**Total**
**£**
38,527
35,694
708
36,402
2,125
2,833
**2021**
**£**
161
**2021**
**£**
3,515| |---|---| P a g e | **9**