TOMCHAI TORAH B’AM YISROEL (T.T.B.Y) ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2021 Charity No: 1166670 SIMON TESLER & ASSOCIATES CHARTERED ACCOUNTANTS 149 ALBION ROAD LONDON N16 9JU ## TOMCHAI TORAH B’AM YISROEL (T.T.B.Y) ## CONTENTS ||Page| |---|---| |Trustees’ Report|2| |Accountants Report|3| |Statement of Financial Activities|4| |Balance Sheet|5| |Notes to the Accounts|6-9| TOMCHAI TORAH B’AM YISROEL (T.T.B.Y) TRUSTEES AND MANAGEMENT COMMITTEE: Trustees: B. Davidovits (Chairman) M. Margulies A. Weinberg REGISTERED CHARITY NUMBER: 1166670 149 Albion Road. London N16 9JU REGISTERED & PRINCIPAL OFFICE: ## INDEPENDENT EXAMINER: Simon Tesler FCA Chartered Accountant 149 Albion Road London N16 9JU -- 1 -- ## TOMCHAI TORAH B’AM YISROEL (T.T.B.Y) ## TRUSTEES’ REPORT FOR THE YEAR ENDED ## 31 MARCH 2021 The trustees present their report and accounts for the year ended 31 March 2021. The accounts have been prepared in accordance with the Accounting Policies set out on page 6 and comply with the Trust Deed and applicable law. ## GOVERNING DOCUMENT & TRUSTEES The trustees named on page 1 have served throughout the year. Appointment of trustees is governed by the Trust Deed of the charity dated 4 January 2016. The Board of Trustees is authorized to appoint new trustees to fill vacancies arising through resignation or death of an existing trustee. There are no policies adopted by the trustees for the induction and training of Charity Trustees. Due to the nature of the Charity’s activities, most of the day-to-day work is learned through practical exposure and ultimately experience, and all trustees are constantly encouraged to update their knowledge by reading, The Charity Commissions various publications. ## INVESTMENT POWERS The Trust Deed authorizes the trustees to make and hold investments using the general funds of the charity. ## CONSTITUTION, OBJECTS AND POLICIES The Charitable Trust is constituted by Trust Deed, and its objects are to advance and further scholarship and education amongst the members of the Orthodox Jewish faith, in the furtherance of its religion, by supporting the advancement of education, in training future rabbis, judges, and welleducated Community leaders and knowledgeable laymen. Persons devoted to study over a long period acquire a breath of knowledge of the faith’s views about many aspects of life, resulting from modern techniques and technology and scientific discoveries and inventions. These matters cannot be investigated without a very through and detailed knowledge of the religious principles involved which can only be obtained by many years of devoted study. ## PUBLIC BENEFIT We have referred to the guidance contained in the Charity Commissions general guidance on public benefit in planning our future activities, and setting our grant making policy for the year, when reviewing our aims and objectives ## DEVELOPMENT, ACTIVITIES, ACHIEVEMENTS AND PERFORMANCE The trustees consider that the performance of the charity during this year has been satisfactory. ## RISK MANAGEMENT The trustees confirm that there are no major risks to which the charity is exposed ## FINANCIAL REVIEW Office overhead expenditure was kept to a minimum during this year. Funds available are sufficient to permit the Trust to continue in operation in the medium term. Should this support not continue in the longer term, further financial support would need to be sought to replace it. --2-- ## TOMCHAI TORAH B’AM YISROEL (T.T.B.Y) TRUSTEES’ REPORT FOR THE YEAR ENDED ## 31 MARCH 2021 ## Statement of trustees' responsibilities The trustees are required under the Charities Act 2011 to prepare financial statements for each financial year which give a true and fair view of the charity's financial activities during the year and of its financial position at the end of the year (unless the charity is entitled to prepare accounts on the alternative receipts and payments basis), and comply with the charity’s Trust Deed. In preparing financial statements giving a true and fair view, the trustees should follow best practice and: - a) select suitable accounting policies and apply them consistently; - b) make judgements and estimates that are reasonable and prudent; - c) state whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements - d) prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping accounting records which disclose with reasonable accuracy the financial position of the charity and which enable them to ascertain the financial position of the charity and which enable them to ensure that the financial statements comply with applicable law and regulations. 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. ## INDEPENDENT EXAMINER Simon Tesler FCA has been re-appointed as independent examiner for the ensuing year ## Approval This report was approved by the Trustees on 20 January 2022 and signed on their behalf by M. Margulias. _______________________ Trustee - 2a - ## INDEPENDENT EXAMINER REPORT TO THE TRUSTEES OF ## TOMCHAI TORAH B’AM YISROEL (T.T.B.Y) I report on the financial statements of the Trust for the year ended 31 March 2021 as set out on pages 4 to 9. This report is made solely to the charity’s trustees, as a body, in accordance with the Charities Act 2011. Our work has been undertaken so that we might state to the charity’s trustees those matters we are required to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s members as a body, for our work, for this report, or for the opinions we have formed. ## RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER (REPORTING ## ACCOUNTANT) The charity’s trustees are responsible for the preparation of financial statements. The charity’s trustees consider that an audit is not required for the year 31 March 2021 under section 144(2) of the Charities Act 2011 (the Act) and that an independent examination is needed. It is my responsibility to: - examine the financial statements under Section 145 of the Charities Act 2011; - follow the procedures laid down in the General Directions given by the Charity Commissioners under Section 145 (5)(b) of the 2011 Act; and - state where particular matters have come to our attention. ## Basis of INDEPENDENT REPORTING ACCOUNTANTS / EXAMINERS REPORT My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements 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 I do not express an audit opinion on the true and fair view given by the financial statements. ## REPORTING ACCOUNTANTS / INDEPENDENT EXAMINERS STATEMENT In connection with my examination, no matter has come to my attention: - a) which gives me reasonable cause to believe that in any material respect the requirements: - to keep accounting records in accordance with section130 of the 2011 Act; and - to prepare financial statements which accord with the accounting records and to comply with the accounting requirements of the 2011 Act have not been met; or - b) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached. Independent Examiners Name: Simon Tesler FCA Name of Firm: Simon Tesler & Associates Relevant Professional Qualification or Body: Chartered Accountants Address: 149 Albion Road, London N16 9JU Date: 20 January 2022 ## TOMCHAI TORAH B’AM YISROEL (T.T.B.Y) Statement of Financial Activities For the year ended ||31 March 2021|| |---|---|---| ||Notes|All Unrestricted Funds| |INCOMING RESOURCES||2021 2020| |Incoming Resources from||| |Generating funds:||| |Voluntary Income:|(2)|| |Donations & Legacies||42,060 199,411| |Charitable Activities||- -| |Investments||- -| |Other Trading Activities||-
-| |TOTAL INCOMING RESOURCES||42,060 199,411| |RESOURCES EXPENDED||| |Direct charitable activities|(3)|28,524 180,160| |Fund-raising and publicity|(4)|- -| |Administration and management of the charity|(5/6 /7)|2,720 2,620| |Others||- -| |Total Resources Used||31,244 182,780| |Net Income/ (Expenditure)||| |Before Investment Gains/Losses||10,816 16,631| |Net Gain/Losses on Investments||| |Transfers between Funds:||-| |Other recognized gains/ (losses) - Revaluations||-| |Net Movement in Funds||10,816 16,631| |Total Fund Brought Forward||79,020 62,389| |Total Fund Carried Forward||89, 836 79,020| |There were no recognized gains or losses for 2021 other than those included in the Statement of||| |Financial Activities.|- 4 -|| ## TOMCHAI TORAH B’AM YISROEL (T.T.B.Y) |BALANCE SHEET
AS AT 31 MARCH 2021
Notes

FIXED ASSETS
Tangible Assets
(8)
Investments (8)
CURRENT ASSETS
Cash at Bank and in Hand
Debtors
(9)
CREDITORS: amounts falling due (10)
Within one year
NET CURRENT ASSETS

TOTAL ASSETS less CURRENT

LIABILITIES

REPRESENTED BY:
FUNDS of the Charity
Designated Restricted Funds

Unrestricted Funds (11)
Revaluation Reserve

TOTAL FUNDS|2021
-
-
119,266
-
(29,430)

89,836
-
89,836

89,836
______
89,836|2021
-
-
119,266
-
(29,430)

89,836
-
89,836

89,836
______
89,836|2021
-
-
119,266
-
(29,430)

89,836
-
89,836

89,836
______
89,836| |---|---|---|---| ||






|






|






| These accounts were approved by the Board of Trustees and authorized for publication on 20 January 2022 and signed on its behalf by M. Margulias _______________________ ## Trustee The notes on pages 6 to 9 form part of these accounts. -5 ## TOMCHAI TORAH B’AM YISROEL (T.T.B.Y) NOTES TO THE ACCOUNTS For the year ended 31 March 2021 - 1.1 Accounting Convention and Policies The accounts are prepared under the historical cost convention and include the results of the charity's operations which are described in the Trustees' Report and all of which are continuing. The accounts have been prepared in accordance with the Statement of Recommended Practice for charity accounts (SORP FRS102). The charity has taken advantage of the exemption in Financial Reporting Standard No. 1 from the requirement to produce a cash flow statement on the grounds that it qualifies as a small charity, under - The Charities Act 2011. - 1.2 Tangible fixed assets for use by the charity and depreciation Tangible fixed assets for use by the charity are to be stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives. The rates used are: Fixtures, fittings and Office Equipment 25% Motor Vehicles 25% Charitable Equipment 25% ## 1.3 Income Voluntary income and donations are accounted for as received by the charity. The income from fundraising ventures is shown gross, with the associated costs included in fundraising costs. No permanent endowments have been received in the period. ## 1.4 Value Added Tax Value added tax is not recoverable by the charity, and as such is included in the relevant costs in the Statement of Financial Activities. ## 1.5 Fundraising costs Fundraising expenditure comprises of costs incurred in inducing people and organisations to contribute financially to the charity's work. This includes the cost of advertising for donations and the staging of special fundraising events. - 1.6 Management and administration expenditure Expenditure on management and administration of the charity includes all expenditure on an accrual basis not directly related to the charitable activity or fundraising ventures. 2. VOLOUNTRY INCOME Donations from individuals and 42,060 199,411 From corporate sponsors Gift Aid -6- ## TOMCHAI TORAH B’AM YISROEL (T.T.B.Y) ## NOTES TO THE ACCOUNTS For the year ended 31 March 2021 |3.
DIRECT CHARITABLE EXPENDITURE:
Grants Made
Donations to Other Charities
4.
FUNDRAISING AND PUBLICITY:
Guest Speakers Expenses
Advertising
Printing
Fund raising costs
5.
ADMINISTRATION & MANAGEMENT:
Consultancy & Staff Expenses
Maintenance of Equipment
Printing, Postage and Stationery
Telephone & Internet Costs
Secretarial & Administrators Expenses
Office Expenses
Refreshments
Legal, Professional
Rent & Utilities
Support Costs
Computer Costs


6. GOVERNANCE COSTS
Bank Charges & Interest
Accountancy Expenses
-7-|2021
28,524
-
-
-
-
-
-
-

260

275
425

1,040
-

-
-
-
_______
2,000

720
| |---|---| 2021 2020 7. STAFF COSTS & EMOLUMENTS Total staff costs were as follows: Wages and salaries - - Social and Security Costs - - Particular of employees: The average number of employees during the year was as follows: Number of administrative staff - - No employee received remuneration in excess of £60,000 during the year 8. TANGIBLE FIXED ASSETS **Equipment Fixtures & Fittings Investments** Cost As at 1 April 2020 - - - Additions As at 31 March 2021 Depreciation As at 1 April 2020 Charge for year As at 31 March 2021 NET BOOK VALUE - - - 9. DEBTORS: Prepayments -8- 2021 2020 |10. CREDITORS: Amounts falling due within one year
Bank Overdraft
Sundry Creditors and Accruals
Trustees Loan Account

Other Creditors


11. UNRESTRICTED INCOME FUND: Balance at Incoming
1 April 2020 Resources
General Fund 79,020 42,060|

|-
3,480
8,950
17,000
29,430
Outgoing
Resources
31,244|-
2,760
6,950
17,000
26,710
Balance at
31 March 2021
89,836| |---|---|---|---| |||


|| ## 12. FUND ACCOUNTING Unrestricted funds can be used in accordance with the charitable objectives at the discretions of the trustees. Restrictive funds can only be used for the particular restricted purpose within the objects of the charity. Restrictive funds arise when specified by the donor or when funds are raised for a particular restricted purpose. -9-