COMPANY REGISTRATION NUMBER: 08518857 CHARITY REGISTRATION NUMBER: 1160908 MANOR DRIVE TORAH KEREN LIMITED COMPANY LIMITED BY GUARANTEE UNAUDITED FINANCIAL STATEMENTS 31 MAY 2024
OR DRIVE TORAH KEREN LIMITED COMPANY LIMITED BY GUARANTEE FINANCIAL STATEMENTS YEAR EIDED 31 MAY 2024 PAGE Trustees, annual report (incoryorating the director's report) Independent examin&s report to the trustees Statement of fmancial activities (including income and expenditure account) Statement of financial position Notes to the financial statements
MANOR DRIVE TORAH KEREN LIMITED COMPANY LIMITED BY GUAIL4NTEE TRUSTEES, ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT) YEAR ENDED 31 MAY 2024 The trustees, who are also the directors for the pulyoses of company law, present their report and the unauditcd financial statem¢nts of the charity for the year ended 31 May 2024. REFERENCE AND ADMINISTRATIVE DETAILS Manor Drive Torah Keren Limited Registered charity name Charity registration number Company registration number 08518857 Prineipal office and registered 7 Golders Manor Drive office London NWII 9HU 1160908 The trustees Mr A Markovic Mrs J Markovic Independent exAminer Mr T Pappenheim 24 Princes Park Avenu¢ London NWII OJP STRUCTURE, GOVERNANCE AND MANAGEMENT The charity is constituted as a company limited by guarantee, and is therefore governed by its memorandum and articles of association. The day-to-day affairs of the charity are administered by the trustees. None of the trustees who are also the directors have any beneficial interest in the company. It is not currently the intention of the trustees of the charity to appoint new trustees. Should the situation ohange in the future, the trust¢es will apply suitable r¢cruitment training and procedures. OWECTIVES AND ACTIVITIES Th¢ charity's object and its principal activity continues to be that providing grants for the enhancement of education and religion and for the relief of poverty. The charity receives income from voluntsry donations which it utilises in the provision and distribution of grants and donations. The trustees confirni that they l)av¢ referred to the guidance contained in the charity commission's general guidance on public benefit when reviewing the cl)arity's aims and objectives and in planning future activities and setting ilie grant makiiig policy for the year.
MANOR DIUVE TORAH KEREN LIMITED COMPANY LIMITED BY GUAII4NTEE TRUSTEES, ANNUAL REPORT ONCORPORATING THE DIRECTOR'S REPORT) feontsnued) YEAR ENDED 31 MAY 2024 ACHIEVEIWIENTS AND PERFORMANCE During thc year, the charity continued its philanthropic activitics in support of religion, education, and other charitable institutions and, aggregate donations in the sum of £203,224 (2023: £197,190) were paid in the year to 31 May 2024, The financial results of the charity's activities for th¢ year ended 31 May 2024 are fully reflected in the attach¢d financial statements together with the notes thereon. FINANCIAL REVIEW Reserve Policy It is the policy of the charity to maintain unrestricted funds, 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. As at 31 May 2024 the charity had negative reserves. The trustees are actively considering the steps to take to generate surpluses in the future. The accounts are prepared on a going conc¢rn basis based on th¢ continued provision of financial support by the charity's cr¢ditors. Grant making policy Grants are made to charitable instittltions and organisations which accord with the objects of the charity. The trustees are approached for donations by a wide variety of charitable institutions operating all over England. The trustees consider all requests which they receive and make donations based 011 the level of funds available. Investment Powers and Policy And Objectives Under the memorandum and articles of associatioii, the charity has the power to make any investment, which the trustees see fit. The trustees regularly review the charity's position and needs in respect of the investment policy. Risk Management The trustees have identified and reviewed the major risks to which th¢ charity is exposed, in particular those related to the operations and finance of the charity, and are satisfied that systems are in place to manage those risks. PLANS FOR FUTURE PERIODS The trustees plan to continue to make distributions in accordance with their grant making policy and to ensure that an appropriate level of reserves is maintained. SMALL COMPANY PROVISIONS This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption. The trustees, annual report was approved on 25 March 2025 and signed on behalf of the board of trustees by: MR A MARKOVIC Trustee
MANOR DIUVE TORAH KEREN LIMITED COMPANY LIMtTED BY GUARANTEE INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MANOR DRIVE TORAH KEREN LIMITED YEAR ENDED 31 MAY 2024 I report to the trustees on my examination of the financial statemcnts of Manor Drive Torah Keren Limited ('the charity,) for the year ended 31 May 2024. RESPONSIBILITIES ArD BASIS OF REPORT As the trustees of the company (and also its directors 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 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 the 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(5Xb) of the 2011 Act. INDEPENDENT EXAMll¥ER'S STATEMENT I have completed my examination. J confirn) that no matters have come to my attention in connection with the examination giving me cause to believe: accounting records were not kept in respect of the charity as required by 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 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 the financial statements 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 preparlng their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ir¢land (FRS 102). I have no concerns and have com¢ across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a prop¢r und¢rstanding of the accounts to be reached. TZVI PAPPEIYHEtM Independent Examiner 24 Princes PaA( Avenue London NWII OJP 25 March 2025
MANOR DRIVE TOII4H KEREN LIMITED COMPANY LIMITED BY GUARANTEE STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) YEAR ENDED 31 MAY 2024 2024 Unrestricted funds Total funds Total funds 2023 Note ]ThCOME AND EIYDOWMENTS Donations and legacies Investment income 208,028 27 208,028 27 193,991 30 TOTAL tNCOME 208,055 208,055 194,021 EXPENDITUR Expenditure on charitable activities TOTAL EXPENDITURE (207,084) (207,084) (198,837) (207,084) (207,084) (198,837) NET INCO/{EXPEND1TuRE) AND NET MOVEMENT n¥ FUNDS 971 971 (4,816) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD (29,003) <28,032) (29,003) (28,032) (24,187) (29,003) The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The notes on pages 6 to 9 form part of these financial statements.
MANOR DRIVE TORAH KEREN LILtrllTED COMPANY LllVItTED BY GUARANTEE STATEMENT OF FINANCIAL POSITION 31 MAY 2024 2024 2023 Note CURRENT ASSETS Cash at bank and in hand 7.725 11,486 NET CURRENT ASSETS 7,725 11.486 TOTAL ASSETS LESS CURRENT LL4BILITIES 7,725 11,486 CREDrroRS: amounts falling due after more Ihan one year NET ASSETS 11 (35,757) (28,032) (40,489) (29,003) FUNDS OF THE CHARITY Unrestricted funds (28,032) {28,032) (29,003) (29,003) TOTAL CHARITY FUNDS 12 For the year ending 31 May 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 company to obtain an audit of its financial ststements for the year in question in accordance with section 476; The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements. These financial statements have been prepared in accordance with the provisions applicable to ¢ompani¢s subject to the small companies, regime. These financial statem¢nts were approv¢d by the board of trustees and authorised for issue on 25 March 2025, and are signed on behalf of th¢ board by: MR A MARKOVIC Trustee The notes on pages 6 to 9 form part of these finAncl&l ststements.
MANOR DRIVE TORAH KEREN LIMITED COMPANY LIMITED BY GUAIL4NTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MAY 2024 GENERAL INFORMATION The charity is a public benefit entity and a private company limited by guarantee, registcred in England and Wales and a registered charity in England and Wales. The address of th¢ registered office is 7 Golders Manor Drive, London. STATEMENT OF COIWIPLIANCE These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and tlie Republic of Ireland,, the Statement of Reconiniended 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. ACCOUNTING POLICIES Basis of preparation Th¢ financial statem¢nts have been prepared on th¢ historical cost basis. The financial stat¢ments are prepared in sterling, which is the functional currency of th¢ entity. Golng concern There are no material uncertainties about the Charity's ability to continue. Judgements and key sources of estimation uncertainty The preparation of the financlal statements requires management to make judgements, estimates and assumptions that affect tlie amounts reported. These estimates and judgements are coi)tinually reviewed and are based 01) experieiice and other factors, including expectations of future events that are believed to be reasonable under the Circumstances. Fund accountlng General unrestricted funds comprise the accumulated surplus or deficit on income and expenditure account. Th¢y are available for use at the discr¢tion of the trustees in furtherance of th¢ general objectives of the charity. Restricted funds are funds subject to specific restricted conditions imposed by donors. Designated funds are funds which have been set aside at the discretion of the trustees for specific purposes. There are no designated funds as at Balance Sheet date. Incoming resources All income is included in the statement of financial activities when entitlement has passed to the charity, it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. Income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable, and its amount can be measured reliably.
MANOR DRIVE TORAH KEREN LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (conlinmed) YEAR ENDED 31 MAY 2024 ACCOUNTLYG POLICIES feonlinuÈd) Resources expended Expe1iditu is recognis¢d on an accruals basis as a liability is incued. Expenditure includes any VAT which cannot be fully recovered. and is classified under headings of the statement of financial activities to which it relates: Expenditure on cliaritable activities includes a]1 costs incurred by a charity in undertaking activities that furtlier its cliaritable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. ChAritable activities Grants payable are charged to the statement of financial activities once the charity has made a commitment to pay the grant and this h&8 been communicated to the beneficiary or the grant has been paid, whichever is earlier. Flnancial instruments A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs. unless tl)e arrangement constitutcs a financing transaction, wliere it is recognised at the present value of the future paymeiits discounted at a market rate of int¢r¢st for a similar debt instrument. cUent assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or r¢ceived and not discounted. Debt instruments are subsequently measured at amortised cost. LIMITED BY GUARANTEE The charity is a company limited by guarantee and has no share capital, The liability of each member in the ev¢nt of winding up is limited to £1. DONATIOIYS AND LEGACIES Unrestricted Totvdl Funds Unrestricted Total Funds Funds 2024 Funds 2023 DONATIONS Donations 208,028 208,028 193,991 193,991 llYVESTMENT INCOME Unrestricted Total Funds Unrestricted Totsl Funds Funds 2024 Funds 2023 Interest received 27 27 30 30
MANOR DRIVE TORAH KEREN LIMITED COMPANY LIMITED BY GUAIL4NTEE NOTES TO THE FINANCIAL STATEMENTS (conliftued) YEAR ENDED 31 MAY 2024 EXPENDITURE ON CHARITABLE ACTIVITIES BY FUND TYPE Unrcstricted Total Funds Unrcstricted Total Funds Funds 2024 Funds 2023 Grants Support costs 205,524 1,560 207,084 205,524 1,560 197.190 1,647 198,837 197,190 1.647 207,084 198,837 EXPENDITURE ON CHARITABLE ACTtVlTIES BY ACTIVITY TYPE Activities undertaken dirtlY Support costs Total funds 2024 Total fund 2023 Grants Governance costs 205,524 205,524 1,560 1,560 205,524 1,560 207,084 198,837 Grants were made for the advancement of Jewish religion and education, and for the prevention or relief of poverty. Included in grants paid is £164,360 paid to individuals. STAFF COSTS No salaries or employee benefits were paid during the year (2023.. £Nil) 10. TRUSTEE REMUNERATION AND EXPENSES No remuneration or other benefits from employm¢nt with th¢ charity or a related entity were r¢Geived by the trustees. The Charity did not meet any expenses incurr¢d by the trustee for services provided to the charity (2023: £Nil). 11. CREDITORS: amounts falling due after more than one year 197,190 1,647 2024 2023 Bank loans and overdrafts 35,757 40,489 12. ANALYSIS OF CHARITABLE FUNDS Unrestricted funds At I JuDe 2023 At Income Expenditure 31 May 2024 (28,032) General funds 29,003 208,055 (207.084) At l June 2022 At Income Expenditure 31 May 2023 (198,837) (29,003) General funds 24,187 194.027
MANOR DRIVE TORAH KEREN LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (condllued) YEAR EM)ED 31 MAY 2024 13. ANALYSIS OF NET ASSETS BETWEEN FUNDS Unrestricted Total Funds Funds 2024 Current assets Creditors greater than l year Net assets 7,725 (35,757) (28,032) 7,725 (35,757) (28,032) Unr¢stricted Total Funds Funds 2023 Current assets Creditors greater than l year Net a88ets 11,486 (40,489) (29,003) 11,486 (40,489) (29,003) 14. RELATED PARTIES No related party transactions wer¢ undertaken in the year under review.