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2023-01-31-accounts

OHEL TORAH YOUTH ORGANISATION Company Registration Number 08377808 Charity Commission 1152134

Unaudited financial statements 31 January 2023

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OHEL TORAH YOUTH ORGANISATION

Contents Page
Legal & Administrative Details 3
Trustees Report 4
Independent Examiner’s Report 5
Statement of financial activities 6
Statement of Financial Positions 7
Notes to the financial statements 8-9

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OHEL TORAH YOUTH ORGANISATION Legal & Administrative Details Year ended 31 January 2023

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

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OHEL TORAH YOUTH ORGANISATION Trustees Report For the year ended 31 January 2023

The Trustees present their report and accounts for the year ended 31 January 2023

Constitution Etc

Legal and Administrative details are shown on page 2.

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 (2022 -200) passed through its gates to participate in youth activities – including games, educational activities etc.

Reserves

The Charity received £328,523 (2022- £288,910) in donations during the year. Total expenditure for the year was £301,638 (2022 - £308,009), leading to a surplus of £26,885 (2022 – Loss (£19,099)). The charity’s liquid reserves are considered adequate for its activities.

..................................

M Ausch (trustee) 15 November 2023

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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 2023.

I report to the trustees on my examination of the accounts of the above charity (“the Charity”) for the year ended 31 January 2023, set out on pages 5- 8.

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:

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

15 November 2023

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OHEL TORAH YOUTH ORGANISATION Statement of financial activities For the year ended 31 January 2023

Notes
Income
Donations
Total Income
Expenditure
Charitable Activities
3
Depreciation
4
Total Expenditure
Net Income/ (expenditure) for the year
Reconciliation of funds
Total funds brought forward
Total funds carried forward		 2023
£
328,523
328,523
301,638
-
301,638
26,885
(9,616)
17,269		 2022
£
288,910
288,910
307,301
708
308,009
(19,099)
9,483
(9,616)

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OHEL TORAH YOUTH ORGANISATION Statement of Financial Positions As at 31 January 2023

2023
Notes
£
Fixed assets
Tangible assets
4
Current Assets
Debtors
Cash at bank and in hand
Total Current Assets
Creditors: amounts falling
due within one year
6
(549)
Net current assets
Net Assets
Funds of the charity
Unrestricted funds
Total charity funds		 2022
£
£
£
2,125
2,125
285
592
15,408
9,547
15,693
10,139
(21,880)
15,144
11,741
17,269
(9,616)
17,269
(9,616)
17,269
(9,616)		 2022
£
£
£
2,125
2,125
285
592
15,408
9,547
15,693
10,139
(21,880)
15,144
11,741
17,269
(9,616)
17,269
(9,616)
17,269
(9,616)
(9,616)
(9,616)

The financial statements were approved by the trustees on 15 November 2023 and signed on their behalf by:

M. Ausch Trustee

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OHEL TORAH YOUTH ORGANISATION Notes to the financial statements For the year ended 31 January 2023

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: 2023 2022
6 6
3. Charitable Activities
2023 2022
£ £
Student Grants 31,200 36,500
Club Supplies 14,879 13,858
Youth Events 18,800 16,901
Food & Meals 45,017 50,458
Repairs 15,559 11,441
Wages & Salaries 47,966 54,556
PAYE & NI 1,562 -
Pension Costs 556 554
Rent Payable 10,000 41,600
Utilities 7,056 4,777

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Printing Postage Stationery
Advertising
Telephone
Computer costs
Motor Expense
Bookkeeping& Secretarial
Support costs
Bank Charges
Cleaning
Waste Disposal
Office Expenses		 3,180
2,725
2,047
4,120
6,043
74,500
-
319
12,183
2,453
1,473
301,638		 3,526
2,495
2,680
3,450
3,486
50,000
800
305
6,675
612
2,627
308,009

4. Tangible Assets

Religious Books and Furniture at Cost
Accumulated Depreciation as at 1 February 2022
Accumulated Depreciation as at 31 January 2023
Tangible Assets as at 31 January 2023
Tangible Assets as at 31 January 2022		 Fixture
Fittings &
Equipment
£
38,527
36,402
36,402
2,125
2,125		 Total
£
38,527
36,402
36,402

2,125
2,125

5. Debtors

5. Debtors
2023 2022
£ £
Other Debtors 285 592
6. Creditors: Amounts falling due within one year
2023 2022
£ £
Other Creditors 549 21,880

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