TOMCHAI TORAH B ‘AM YISROEL (T.T.B.Y)
ACCOUNTS FOR THE YEAR ENDED
31 MARCH 2025
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
REGISTERED & PRINCIPAL OFFICE:
149 Albion Road. London N16 9JU
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 2025**
The trustees present their report and accounts for the year ended 31 March 2025 The accounts have been prepared in accordance with the Accounting Policies set out on page 6 and comply with the Trust Deed dated 4 January 2016, and applicable law, the Charities Act 2021 and 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 (FRS102) (effective 1 January 2019)
## **GOVERNING DOCUMENT & TRUSTEES**
The trustees named on page 1 have served throughout the year.
The charity operates purely on a voluntary basis
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, OBJECTIVES, ACTIVITIES AND POLICIES**
The Charitable Trust is constituted by a Trust Deed dated 4 January 2016.
Its objects are to relieve poverty, sickness, and infirmity amongst members of the Jewish faith, and to advance and further scholarship and education amongst the members of the Orthodox Jewish faith, in the furtherance of its religion. This is achieved, by supporting the advancement of education, in training future rabbis, judges, and well-educated 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, technology, 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.
The charity achieves its objectives principally by collecting voluntary donations and using them to pay grants
Grants are paid to Orthodox Jewish Institutions and individuals
Grants paid to institutions can be to advance religious education and /or the relief of poverty, sickness and infirmity
Grants paid to individuals are for the relief of poverty, sickness and infirmity.
The charity aims to maximize the donations it receives thereby increasing the number of grants it can pay
Donations are paid as grants as they are received
## **PUBLIC BENEFIT**
The trustees confirm that they have referred to the guidance contained in the Charity Commissions general guidance on public benefit in planning their future activities, and setting their grant making policy for the year, when reviewing their 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 they have assessed the major risks to which the charity is exposed and are satisfied that systems are in place to mitigate exposure to the major risks. There are no major risks to which the charity is exposed
## **FINANCIAL REVIEW**
Total incoming resources during the year amounted to £381,310 (2024 £342,521) which is attributable to donations received
Total resources expended during the year amounted to £370,403 (2024 £344,569) of which £366,235 (2024 - £340,466) were grants
At 31 March 2025 the charity had current assets of £133,619 (2024 £118,912) and creditors falling due within one year of £42,720 (£38,920) giving net current assets of £90,899 (2024- £79,992) the amount of the charity’s reserves
Office overhead expenditure was kept to a minimum during this year.
## **RESERVE POLICY**
The charity has continued to support appropriate charitable causes. Funding for them is from donations which the charity distributes as they are received
The policy of the charity is to maximize the funds that it raises so that it can continue to meet its aims and objectives in the future
At 31 March 2025 the charity has unrestricted funds of £90,899 (£79,992)
## **PLANS FOR THE FUTURE**
The trustees aim to maintain and develop the activities of the charity by ensuring that it is adequately funded and those funds are applied towards the objectives and activities of the charity
Funds currently available are sufficient to permit the charity 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 2025**
## **MANAGEMENT**
The charity is managed exclusively by its trustees. The trustees hold two ordinary meetings each year. Other meetings take place at their discretion. Decisions are decided by majority vote
## **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 23 December 2025 and signed on their behalf by M. Margulies.
_______________________
- 2a -
Trustee
## **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 2025 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 2025 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.
Simon Tesler FCA
Independent Examiners Name:
Name of Firm: Simon Tesler & Associates Relevant Professional Qualification or Body: Chartered Accountants Address: 149 Albion Road, London N16 9JU Date: 23 December 2025
Date:
## **TOMCHAI TORAH B’AM YISROEL (T.T.B.Y) Statement of Financial Activities**
## **For the year ended**
## **31 March 2025**
|Notes
INCOMING RESOURCES
Incoming Resources from
Generating funds:
Voluntary Income:
(2)
Donations & Legacies
Charitable Activities
Investments
Other Trading Activities
TOTAL INCOMING RESOURCES
RESOURCES EXPENDED
Direct charitable activities
(3)
Fund-raising and publicity
(4)
Administration and management of the charity(5/6 /7)
Others
Total Resources Used
Net Income/ (Expenditure)
Before Investment Gains/Losses
Net Gain/Losses on Investments
Transfers between Funds:
Other recognized gains/ (losses) - Revaluations
Net Movement in Funds
Total Fund Brought Forward
Total Fund Carried Forward
There were no recognized gains or losses for 2025 other than those
Financial Activities. - 4 -|All Unrestricted Funds
2025 2024
381,310 342,521
- -
- -
-
-
381,310 342,521
366,235 340,466
- -
4,168 4,103
- -
370,403 344,569
10,907 (2,048)
-
-
10,907 ( 2,048)
79,992 82,040
90, 899 79,992
included in the Statement of|
|---|---|
## **TOMCHAI TORAH B’AM YISROEL (T.T.B.Y)**
## **BALANCE SHEET**
|**BALANCE SHEET**||||
|---|---|---|---|
|**AS AT 31 MARCH 2025**
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|
2025
-
-
133,619
-
(42,720)
90,899
-
90,899
90,899
______
90,899|||
||
|
|
|
These accounts were approved by the Board of Trustees and authorized for publication on 23 December 2025 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 2025**
- 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 381,310 342,521 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 2025**
|3.
DIRECT CHARITABLE EXPENDITURE:
Grants Made
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-|2025
366,235
-
-
-
-
-
-
410
530
580
1,280
-
-
-
-
_______
2,800
368
1,000
|
|---|---|
2025
2024
## 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 2024 - - -
Additions
As at 31 March 2025
Depreciation
As at 1 April 2024
Charge for year
As at 31 March 2025
NET BOOK VALUE - - -
## 9. DEBTORS:
Prepayments
-8-
|
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 2024 Resources
General Fund 79,992 381,310|
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 2024 Resources
General Fund 79,992 381,310|2025
-
6,720
19,000
17,000
42,720
Outgoing
Resources
370,403|2024
-
5,720
16,200
17,000
38,920
Balance at
31 March 2025
90,899|
|---|---|---|---|
|||
||
||381,310|||
## 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-