**COMPANY REGISTRATION NUMBER: 08377808 CHARITY REGISTRATION NUMBER: 1152134**
## **OHEL TORAH YOUTH ORGANISATION**
## **TRUSTEES' REPORT AND UNAUDITED ACCOUNTS**
**31 JANUARY 2024**
**OHEL TORAH YOUTH ORGANISATION**
## **OHEL TORAH YOUTH ORGANISATION COMPANY LIMITED BY GUARANTEE FINANCIAL STATEMENTS 31 JANUARY 24**
||Pages||
|---|---|---|
|Trustee's Annual Report||2|
|Independent Examiner's Report||4|
|Statement of Financial Activities||5|
|Balance Sheet||6|
|Notes to the Accounts||7|
Page 1
## **OHEL TORAH YOUTH ORGANISATION TRUSTEES ANNUAL REPORT**
The trustee, who is also a director of the charity for the purposes of the Companies Act 2006, presents their report with the unaudited financial statements of the charity for the year ended 31 January 2024.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Company No. 08377808**
## **Charity No. 1152134**
## **Principal Office**
23a Linthorpe Road London N16 5RE
## **Director and Trustee**
The Director of the charitable company are its Trustee for the purposes of charity law.
The following Director and Trustee served during the year:
M Ausch C Landau
## **Accountants**
CHS Accountants Limited 45 Stamford Hill London N16 5SR
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aim**
The charity's objectives are to further those purposes both in the UK and overseas which are recognised as charitable under English Law.
The charity receives income from charitable donations, which are utilised in the provision and advancement of education and the provision of facilities in the interest of social welfare.
The charity's activity in principally, but not limited to, the promotion and advancement of the education of young people. To provide and assist in the provision of facilities in the interest of social welfare for recreation or other leisure time occupation of individuals who have need of such facilities by reason of their youth, age, infirmity or disability, financial hardship or social circumstances with the object of improving their condition of life. The promotion of other exclusively charitable objects and purposes such as the trustees see fit, provided they are regarded as charitable by the laws of England and Wales.
## **ACHIEVEMENTS AND PERFORMANCE**
During the year the charity pursued its philanthropic objects. Income from donations aggregated £343,600 (2023: £328,523). Total resources expended was £348,120 (2023: £301,638).
## **FINANCIAL REVIEW**
## **Financial Position**
The financial results of the charity for the year ended 30 January 2024 are fully reflected in the attached Financial Statements
together with the Notes thereon
Page 2
## **OHEL TORAH YOUTH ORGANISATION TRUSTEES ANNUAL REPORT**
The charity engaged in the provision and advancement of education and the provision of facilities for the advancement of social welfare during the year. In 2024 the charity's Statement of Financial Activities show a deficit of £4,520.
## **Reserves Policy**
It is the policy of the charity to maintain Unrestricted Funds, which include the Free Reserves of the charity, at a level which the trustees think appropriate after considering the future commitments of the charity and the likely costs of the charity for the next year.
## **PLANS FOR FUTURE PERIODS**
The future plans of the charity are to continue its charitable activities with the aim of providing charitable benefit to its primary beneficiaries.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing Document**
The Charity is constituted as a company limited by guarantee and as such, its governing documents are its Memorandum and Articles of Association.
New trustees are appointed based on personal competence, availability and knowledge and familiarity with the community which the charity serves. New trustees are inducted into the workings of the charity by the existing trustees.
The trustees administer the day-to-day affairs of the charity. None of the trustees have any beneficial interest in the charity.
The Trustee is responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustee is also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102).
Signed on behalf of the board
C Landau
Trustee 30 November 2024
Page 3
**OHEL TORAH YOUTH ORGANISATION INDEPENDENT EXAMINERS REPORT**
## **INDEPENDENT EXAMINER'S REPORT TO THE trustee of OHEL TORAH YOUTH ORGANISATION**
I report to the charity trustee on my examination of the financial statements of OHEL TORAH YOUTH ORGANISATION for the year ended 31 January 2024 which comprise the Statement of Financial Activities, the Summary Income and Expenditure Account, the Balance Sheet and the related notes.
## **Responsibilities and basis of report**
As the trustee (and also a director for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act.
Having satisfied myself that the financial statements of the charity 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 financial statements 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.
## **Independent examiner's statement**
As the charity'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 ICAEW.
I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that:
- accounting records were not kept in accordance with section 386 of the 2006 Act ; or
- the financial statements do not accord with those records; or
- the financial statements do not comply with the accounting requirements under section 396 of the 2006 Act other than any requirement that the financial statements give a 'true and fair' view which is not a matter considered as part of an independent examination; or
- the financial statements have not been prepared in accordance with the Charities SORP (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 financial statements to be reached.
P Shebson ACA CHS Accountants Limited 45 Stamford Hill London N16 5SR 30 November 2024
Page 4
**OHEL TORAH YOUTH ORGANISATION STATEMENT OF FINANCIAL ACTIVITIES**
## **FOR THE YEAR ENDED 31 JANUARY 2024**
|**Unrestricted**
**funds**
**2024**
**Notes**
**£**
**Income and endowments from:**
Donations and legacies
3
343,600
**Total**
343,600
**Expenditure on:**
Raising funds
4
5,562
Charitable activities
5
339,901
Other
6
2,657
**Total**
348,120
**Net movement in funds**
(4,520)
**Reconciliation of funds:**
Total funds brought forward
14
17,269
**Total funds carried forward**
12,749|**Total funds**
**2024**
**£**
343,600|**Total funds**
**2023**
**£**
328,523|
|---|---|---|
||343,600
5,562
339,901
2,657|328,523
5,905
295,414
319|
||348,120|301,638|
||(4,520)
17,269|26,885
(9,616)|
||12,749|17,269|
Page 5
**OHEL TORAH YOUTH ORGANISATION BALANCE SHEET**
## **AS AT 31 JANUARY 2024**
|**Company No.**
**08377808**
**Notes**
**2024**
**£**
**Fixed assets**
Tangible assets
10
1,594
1,594
**Current assets**
Debtors
11
-
Cash at bank and in hand
16,472
16,472
**Creditors:**Amount falling due within one year
12
(5,317)
**Net current assets**
11,155
**Total assets less current liabilities**
12,749
**Total net assets**
12,749
**Unrestricted funds**
General funds
13
12,749
**Total funds**
12,749|**2023**
**£**
2,125|
|---|---|
||2,125
285
15,408|
||15,693
(549)|
||15,144
17,269|
||17,269|
||17,269|
||17,269|
These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
For the year ended 31 January 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
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.
Approved by the board on 30 November 2024
And signed on its behalf by:
C Landau
Trustee
30 November 2024
Page 6
**OHEL TORAH YOUTH ORGANISATION NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31 MMMM 2024**
## 1 **General Information**
The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is 23a Linthorpe Road, London, N16 5RE.
## **Statement of Compliance**
These financial statements have been prepared in compliance with FRS 102, '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 the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Companies Act 2006.
The financial statements are prepared in sterling, which is the functional currency of the entity.
## **Going concern**
There are no material uncertainties about the charity's ability to continue.
## **Limited liability**
In the event of a wind-up each member's liability is limited to £1.
## 1 **Accounting policies**
## **Basis of preparation**
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) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
## **Change in basis of accounting or to previous accounts**
There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.
## **Fund accounting**
Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.
Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values.
Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.
Page 7
**OHEL TORAH YOUTH ORGANISATION NOTES TO THE ACCOUNTS**
## **Income**
Recognition of income Income is included in the Statement of Financial Activities (SoFA) when the charity becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.
|Income with related|Where income has related expenditure the income and related expenditure is reported gross|
|---|---|
|expenditure|in the SoFA.|
|Donations and legacies|Voluntary income received by way of grants, donations and gifts is included in the the SoFA|
||when receivable and only when the Charity has unconditional entitlement to the income.|
|Tax reclaims on|Income from tax reclaims is included in the SoFA at the same time as the gift/donation to|
|donations and gifts|which it relates.|
|Donated services and|These are only included in income (with an equivalent amount in expenditure) where the|
|facilities|benefit to the Charity is reasonably quantifiable, measurable and material.|
|Volunteer help|The value of any volunteer help received is not included in the accounts.|
|Investment income|This is included in the accounts when receivable.|
|Gains/(losses) on
revaluation of fixed|This includes any gain or loss resulting from revaluing investments to market value at the
end of the year.|
|assets||
|Gains/(losses) on|This includes any gain or loss on the sale of investments.|
|investment assets||
|**Expenditure**||
|Recognition of|Expenditure is recognised on an accruals basis. Expenditure includes any VAT which cannot|
|expenditure|be fully recovered, and is reported as part of the expenditure to which it relates.|
|Expenditure on raising|These comprise the costs associated with attracting voluntary income, fundraising trading|
|funds|costs and investment management costs.|
|Expenditure on|These comprise the costs incurred by the Charity in the delivery of its activities and services|
|charitable activities|in the furtherance of its objects, including the making of grants and governance costs.|
|Grants payable|All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that|
||have been approved by the trustees at the end of the year but not yet paid.|
|Governance costs|These include those costs associated with meeting the constitutional and statutory|
||requirements of the Charity, including any audit/independent examination fees, costs linked|
||to the strategic management of the Charity, together with a share of other administration|
||costs.|
|Other expenditure|These are support costs not allocated to a particular activity.|
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **Tangible fixed assets and depreciation**
Depreciation is provided as relevant in order to write off each asset over its estimated useful life:
Fixtures and Fittings - 25% reducing balance
Page 8
## **OHEL TORAH YOUTH ORGANISATION NOTES TO THE ACCOUNTS**
## **Trade and other debtors**
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **Cash and cash equivalents**
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, where applicable, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.
## **Trade and other creditors**
Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
## 2 **Company status**
The company is a private company limited by guarantee and consequently does not have share capital.
## 3 **Income from donations and legacies**
|||**Unrestricted**||**Restricted**||**Endowment**|**Total**|**Total**|
|---|---|---|---|---|---|---|---|---|
||||||||**2024**|**2023**|
|||**£**||**£**||**£**|**£**|**£**|
||Donations|343,600||-||-|343,600|328,523|
|||343,600||-||-|343,600|328,523|
|4|**Expenditure on raising funds**||||||||
|||**Unrestricted**||**Restricted**||**Endowment**|**Total**|**Total**|
||||||||**2024**|**2023**|
|||**£**||**£**||**£**|**£**|**£**|
||Fundraising costs|5,562||-||-|5,562|5,905|
|||5,562||-||-|5,562|5,905|
|5|**Expenditure on charitable activities**||||||||
|||**Unrestricted**||**Restricted**||**Endowment**|**Total**|**Total**|
||||||||**2024**|**2023**|
|||**£**||**£**||**£**|**£**|**£**|
||_Expenditure on charitable_||||||||
||_activities_||||||||
||Promotion and advancement of
education and social welfare|337,501||-||-|337,501|295,414|
||_Governance costs_||||||||
||Independent Examiner's Fees|2,400||-||-|2,400|-|
|||339,901||-||-|339,901|295,414|
Page 9
**OHEL TORAH YOUTH ORGANISATION NOTES TO THE ACCOUNTS**
## 6 **Other expenditure**
|**Unrestricted**
**£**
Amortisation, depreciation,
impairment, profit/loss on
disposal of fixed assets
531
General administrative costs
926
Legal and professional costs
1,200
2,657
**Net (expenditure)/income before transfers**
This is stated after charging:
Depreciation of owned fixed assets
Independent Examiner's fee|**Restricted**
**£**
-
-
-
-|**Endowment**
**£**
-
-
-
-
**2024**
**£**
531
2,400|**Total**
**2024**
**£**
531
926
1,200
2,657|**Total**
**2023**
**£**
-
319
-|
|---|---|---|---|---|
|||||319|
|||||**2023**
**£**
-
-|
## 7 **Net (expenditure)/income before transfers**
## 8 **Trustee remuneration and expenses**
None of the trustees have been paid any remuneration in the current or prior periods.
None of the trustees have been paid any expenses in the current or prior periods.
## 9 **Staff costs**
|Salaries and wages|**2024**
**£**
42,517
42,517|**2023**
**£**
47,966|
|---|---|---|
|||47,966|
No employee received emoluments in excess of £60,000.
## 10 **Tangible fixed assets**
|**Cost or revaluation**
At 1 February 2023
At 31 January 2024
**Depreciation and impairment**
At 1 February 2023
Depreciation charge for the year
At 31 January 2024
**Net book values**
At 31 January 2024
At 31 January 2023|**Fixtures and**
**Fittings**
**£**
38,527
38,527
36,402
531
36,933
1,594
2,125|**Total**
**£**
38,527|
|---|---|---|
|||38,527|
|||36,402
531|
|||36,933|
|||1,594|
|||2,125|
Page 10
## **OHEL TORAH YOUTH ORGANISATION NOTES TO THE ACCOUNTS**
## 11 **Debtors**
|11 **Debtors**|||
|---|---|---|
|Other debtors
12 **Creditors:**
amounts falling due within one year
Other creditors
Accruals|**2024**
**£**
-
-
**2024**
**£**
1,717
3,600
5,317|**2023**
**£**
285|
|||285|
|||**2023**
**£**
549
-|
|||549|
## 13 **Movement in funds**
|13|**Movement in funds**|||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
||||||**Incoming**|||||||
||||**At 1**||**resources**
**(including**
**other**||**Resources**
**expended**||**Gross**
**transfers**||**At 31**
**January**
**2024**|
||||**February**||**gains/losses)**|||||||
||||**2023**|||||||||
||||||**£**||**£**||**£**||**£**|
||**Unrestricted funds:**|||||||||||
||**General funds**||17,269||343,600||(348,120)||-||12,749|
||**Total funds**||17,269||343,600||(348,120)||-||12,749|
|14|**Analysis of net assets between funds**|||||||||||
||||||**Unrestricted**
**funds**||**Restricted**
**funds**||**Endowment**
**funds**||**Total**|
||||||**£**||**£**||**£**||**£**|
||Fixed assets||||1,594||-||-||1,594|
||Net current assets||||11,155||-||-||11,155|
||||||12,749||-||-||12,749|
## 15 **Related party disclosures**
Donations were made by the Trustees during the year.
Other than those mentioned above there are no related party transactions as require disclosure.
Page 11