COMPANY REGISTRATION NUMBER: 10557282 CHARITY REGISTRATION NUMBER: 1173364
The Manchester Torah Umesorah Teachers Centre Limited Company Limited by Guarantee Unaudited Financial Statements
31 January 2022
HAFFNER HOFF LTD
Accountants 2nd Floor - Parkgates Bury New Road Prestwich Manchester M25 0TL
The Manchester Torah Umesorah Teachers Centre Limited
Company Limited by Guarantee
Financial Statements
Year ended 31 January 2022
| Page | |
|---|---|
| Trustees' annual report (incorporating the director's report) | 1 |
| Independent examiner's report to the trustees | 6 |
| Statement of financial activities (including income and | |
| expenditure account) | 7 |
| Statement of financial position | 8 |
| Notes to the financial statements | 10 |
The Manchester Torah Umesorah Teachers Centre Limited
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report)
Year ended 31 January 2022
The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 January 2022.
Reference and administrative details
Registered charity name The Manchester Torah Umesorah Teachers Centre Limited Charity registration number 1173364 Company registration number 10557282 Principal office and registered 2nd Floor - Parkgates Bury New Road office Prestwich Manchester England M25 0TL The trustees P Corn D Greenblatt M Halpern Independent examiner Mr Howard Schwalbe ACA 2nd Floor - Parkgates Bury New Road Prestwich Manchester M25 0TL
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The Manchester Torah Umesorah Teachers Centre Limited
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 January 2022
Structure, governance and management
The Manchester Torah Umesorah Teachers Centre Limited is constituted by Memorandum and Articles of Association and is a company limited by guarantee. It was incorporated on 11 January 2017 as a company and the company number is 10557282. It was registered as a charity on 12 June 2017 with a charity number being 1173364.
Recruitment and appointment of new trustees would be in line with the Memorandum and Articles of Association and with the consent of the trustees. The criteria set for the suitable candidate would be someone who is sensitive to the needs and demands of the organisation.
There is no chief executive officer. The day to day affairs are undertaken by Mrs G Goldblatt on behalf of the trustees. All major decisions are taken collectively by the trustees and all the trustees give of their time freely. The trustees are unpaid and details of any related party transactions are disclosed as applicable in the notes to the accounts. The arrangements for setting the pay of the charity’s employees are the sole domain of the trustees.
There are no policies for the induction or training of new trustees.
Risk review
The Trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the Trust, and are satisfied that systems are in place to manage our exposure to the major risks.
The risks faced by the trust are principally operational risks from ineffective provision of appropriate educational material for teachers.
These risks are managed by the trustees reviewing the information provided to educational providers before it is made available for use.
Report back and review procedures strengthen these safeguards to ensure public benefit is achieved from all grants.
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The Manchester Torah Umesorah Teachers Centre Limited
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 January 2022
Objectives and activities
Charitable Objects
The Charity’s objects, as set out in the amended Memorandum and Articles of Association, are for the public benefit to promote the education of people of all ages around the world in such ways as the charity trustees think fit, including the provision of training and lectures for teachers; the provision of a curriculum resources library and awarding to such persons scholarships, maintenance allowances or grants; or by grants to charities or other organisations worldwide that provide education.
Aims
The main aim of the Charity continued to be the provision of a venue for training as well as facilitating lecturers to provide training and support for teachers in the Manchester area. The charity also maintained a resource library for teachers in the Manchester area.
Objectives for the year
This year, the focus has been on the continued achievement of the library and to enable as many teachers to access the services as possible.
Principal Activities of the year
The charity provided a number of lectures and support groups for teachers in Manchester as well providing a resource library that was used by scores of teachers.
Grant making policy
The charity would give out grants in line with the above objects.
There were no individual or institutional grants made during the year.
The trustees consider they have met the public benefit test and outline these achievements below.
The trustees consider the shorter term aims to be similar to the longer term aims and assess the achievement of the charity in the same way.
Strategic report
The following sections for achievements and performance and financial review form the strategic report of the charity.
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The Manchester Torah Umesorah Teachers Centre Limited
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 January 2022
Achievements and performance
A summary of the results and movements of funds for the year are shown in the Statement of Financial Activities.
Fundraising costs incurred during the year are as disclosed in the notes to the accounts.
The charity has support and governance costs comprising professional fees, administrative wages and sundry other costs.
There were no investments made during the year.
There were no related party transactions during the reporting period.
There was an overall net expenditure and net movement in funds for the year amounting to £29,024.
Financial review
Results for the year
Donations and grants received amounted to £47,629 and other income amounted to £80,347.
Educational expenditure and support costs amounted to £153,822. Additionally, the charity incurred fundraising cost of £3,178.
The charity continued to provide a venue for training for teachers as well as facilitating lecturers to provide training and support for teachers. The charity also maintained a resource library for teachers in the Manchester area.
Both the training and the resources library have been used extensively by teachers from all sectors of the local Jewish community. The feedback from teachers has been very encouraging.
The charity has been in dialogue with many local schools to enhance the education and resources available to teachers in the Manchester area.
Coronavirus
The charity has not been materially affected by the coronavirus.
Reserves
It is the policy of the charity to maintain unrestricted funds at a level sufficient to cover unforeseen and major expenditure and shortfalls in income. The trustees remain confident of their ability to raise the necessary funds, thereby adhering to the stated policy and to the maintenance of a balanced budget.
Currently, the fund is overdrawn and the trustees are aware of the overdrawn nature of the fund. The charity is funded by an interest free loan from one of the trustees who has agreed not to call in the loan to the detriment of the cash flow of the charity.
The free reserves comprising of the net current assets stand at £38,588, all of which are unrestricted.
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The Manchester Torah Umesorah Teachers Centre Limited
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 January 2022
The trustees' annual report and the strategic report were approved on 25 October 2022 and signed on behalf of the board of trustees by:
M Halpern Trustee
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The Manchester Torah Umesorah Teachers Centre Limited
Company Limited by Guarantee
Independent Examiner's Report to the Trustees of The Manchester Torah Umesorah Teachers Centre Limited
Year ended 31 January 2022
I report to the trustees on my examination of the financial statements of The Manchester Torah Umesorah Teachers Centre Limited ('the charity') for the year ended 31 January 2022.
Responsibilities and 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(5)(b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm 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
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the financial statements do not accord with those records; or
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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
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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 preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (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 accounts to be reached.
Mr Howard Schwalbe ACA
Independent Examiner
2nd Floor - Parkgates Bury New Road Prestwich Manchester M25 0TL
25 October 2022
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The Manchester Torah Umesorah Teachers Centre Limited
Company Limited by Guarantee
Statement of Financial Activities (including income and expenditure account)
Year ended 31 January 2022
| 2022 | 2021 | |||
|---|---|---|---|---|
| Unrestricted | ||||
| fundsTotal funds | Total funds | |||
| Note | £ | £ | £ | |
| Income and endowments | ||||
| Donations and legacies | 5 | 47,629 | 47,629 | 63,285 |
| Other trading activities | 6 | 80,347 | 80,347 | 32,868 |
| -------------------------------- | -------------------------------- | ---------------------------- | ||
| Total income | 127,976 | 127,976 | 96,153 | |
| ================================ | ================================ | ============================ | ||
| Expenditure | ||||
| Expenditure on raising funds: | ||||
| Costs of other fundraising activities | 7 | 3,178 | 3,178 | 2,275 |
| Expenditure on charitable activities | 8,9 | 153,822 | 153,822 | 112,358 |
| -------------------------------- | -------------------------------- | -------------------------------- | ||
| Total expenditure | 157,000 | 157,000 | 114,633 | |
| ================================ | ================================ | ================================ | ||
| -------------------------------- | -------------------------------- | -------------------------------- | ||
| Net expenditure and net movement in funds | (29,024) | (29,024) | (18,480) | |
| ================================ | ================================ | ================================ | ||
| Reconciliation of funds | ||||
| Total funds brought forward | (132,660) | (132,660) | (114,180) | |
| -------------------------------- | -------------------------------- | -------------------------------- | ||
| Total funds carried forward | (161,684) | (161,684) | (132,660) | |
| ================================ | ================================ | ================================ |
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 10 to 18 form part of these financial statements.
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The Manchester Torah Umesorah Teachers Centre Limited
Company Limited by Guarantee
Statement of Financial Position
31 January 2022
| 2022 | 2021 | ||
|---|---|---|---|
| Note | £ | £ | |
| Fixed assets | |||
| Tangible fixed assets | 15 | 8,728 | 13,202 |
| Current assets | |||
| Stocks | 16 | 2,500 | 11,390 |
| Debtors | 17 | 2,303 | 16,803 |
| Cash at bank and in hand | 34,775 | 9,107 | |
| ---------------------------- | ---------------------------- | ||
| 39,578 | 37,300 | ||
| Creditors: amounts falling due within one year | 18 | 990 | 662 |
| ---------------------------- | ---------------------------- | ||
| Net current assets | 38,588 | 36,638 | |
| ---------------------------- | ---------------------------- | ||
| Total assets less current liabilities | 47,316 | 49,840 | |
| Creditors: amounts falling due after more than one year | 19 | 209,000 | 182,500 |
| -------------------------------- | -------------------------------- | ||
| Net liabilities | (161,684) | (132,660) | |
| ================================ | ================================ | ||
| Funds of the charity | |||
| Unrestricted funds | (161,684) | (132,660) | |
| -------------------------------- | -------------------------------- | ||
| Total charity funds | 20 | (161,684) | (132,660) |
| ================================ | ================================ |
For the year ending 31 January 2022 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 statements for the year in question in accordance with section 476;
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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 companies subject to the small companies' regime.
The statement of financial position continues on the following page.
The notes on pages 10 to 18 form part of these financial statements.
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The Manchester Torah Umesorah Teachers Centre Limited
Company Limited by Guarantee
Statement of Financial Position (continued)
31 January 2022
These financial statements were approved by the board of trustees and authorised for issue on 25 October 2022, and are signed on behalf of the board by:
M Halpern Trustee
The notes on pages 10 to 18 form part of these financial statements.
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The Manchester Torah Umesorah Teachers Centre Limited
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 January 2022
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 2nd Floor - Parkgates Bury New Road, Prestwich, Manchester, England, M25 0TL.
2. 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.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
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 and reference is made to the note in the trustee’s report.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements did not require management to make judgements, estimates or assumptions that affect the amounts reported.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
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The Manchester Torah Umesorah Teachers Centre Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 January 2022
3. Accounting policies (continued)
Incoming resources
All incoming resources are 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. The following specific policies are applied to particular categories of income:
-
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.
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legacy income is recognised when receipt is probable and entitlement is established.
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income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
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income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. 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 raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods.
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expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
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other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
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The Manchester Torah Umesorah Teachers Centre Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 January 2022
3. Accounting policies (continued)
Tangible assets (continued)
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment - 15% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
A financial asset or a financial liability is recognised only when the charity 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.
Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
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The Manchester Torah Umesorah Teachers Centre Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 January 2022
3. Accounting policies (continued)
Financial instruments (continued)
Debt instruments are subsequently measured at amortised cost.
Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment.
Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.
For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Limited by guarantee
The Manchester Torah Umesorah Teachers Centre Limited is a registered charity and a company limited by guarantee and does not have a share capital. In the event of the charity being wound up, members are required to contribute an amount not exceeding £10.
5. Donations and legacies
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2022 | Funds | 2021 | |
| £ | £ | £ | £ | |
| Donations | ||||
| Donations | 47,629 | 47,629 | 63,285 | 63,285 |
| ============================ | ============================ | ============================ | ============================ |
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The Manchester Torah Umesorah Teachers Centre Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 January 2022
6. Other trading activities
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
|---|---|---|---|---|---|
| Funds | 2022 | Funds | 2021 | ||
| £ | £ | £ | £ | ||
| Other income | 80,347 | 80,347 | 32,868 | 32,868 | |
| ============================ | ============================ | ============================ | ============================ | ||
| 7. | Costs of other fundraising activities | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2022 | Funds | 2021 | ||
| £ | £ | £ | £ | ||
| Sundry fundraising costs | 3,178 | 3,178 | 2,275 | 2,275 | |
| ======================= | ======================= | ======================= | ======================= | ||
| 8. | Expenditure on charitable activities | by fund type | |||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2022 | Funds | 2021 | ||
| £ | £ | £ | £ | ||
| Educational support and resources | 97,775 | 97,775 | 89,901 | 89,901 | |
| Support costs | 56,047 | 56,047 | 22,457 | 22,457 | |
| -------------------------------- | -------------------------------- | -------------------------------- | -------------------------------- | ||
| 153,822 | 153,822 | 112,358 | 112,358 | ||
| ================================ | ================================ | ================================ | ================================ | ||
| 9. | Expenditure on charitable activities | by activity type | |||
| Activities | |||||
| undertaken | Support | Total funds | Total fund | ||
| directly | costs | 2022 | 2021 | ||
| £ | £ | £ | £ | ||
| Educational support and resources | 97,775 | 54,954 | 152,729 | 111,354 | |
| Governance costs | – | 1,093 | 1,093 | 1,004 | |
| ---------------------------- | ---------------------------- | -------------------------------- | -------------------------------- | ||
| 97,775 | 56,047 | 153,822 | 112,358 | ||
| ============================ | ============================ | ================================ | ================================ |
10. Analysis of support costs
| Analysis of | |||
|---|---|---|---|
| support costs | Total 2022 | Total 2021 | |
| £ | £ | £ | |
| General office | 54,954 | 54,954 | 21,453 |
| Governance costs | 1,093 | 1,093 | 1,004 |
| ---------------------------- | ---------------------------- | ---------------------------- | |
| 56,047 | 56,047 | 22,457 | |
| ============================ | ============================ | ============================ |
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The Manchester Torah Umesorah Teachers Centre Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 January 2022
11. Net expenditure
| Net expenditure is stated after charging/(crediting): | |||
|---|---|---|---|
| 2022 | 2021 | ||
| £ | £ | ||
| Depreciation of tangible fixed assets | 4,474 | 4,474 | |
| ======================= | ======================= | ||
| 12. | Independent examination fees | ||
| 2022 | 2021 | ||
| £ | £ | ||
| Fees payable to the independent examiner for: | |||
| Independent examination of the financial statements | 990 | 900 | |
| ============== | ============== | ||
| 13. | Staff costs | ||
| The total staff costs and employee benefits for the reporting period are analysed as follows: | |||
| 2022 | 2021 | ||
| £ | £ | ||
| Wages and salaries | 38,326 | 56,122 | |
| ============================ | ============================ | ||
| The average head count of employees during the year was 8 (2021: 6). The average number of | |||
| full-time equivalent employees during the year is analysed as follows: | |||
| 2022 | 2021 | ||
| No. | No. | ||
| Number of administrative and other staff | 8 | 6 | |
| ============== | ============== |
No employee received employee benefits of more than £60,000 during the year (2021: Nil).
14. Trustee remuneration and expenses
No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.
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The Manchester Torah Umesorah Teachers Centre Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 January 2022
15. Tangible fixed assets
| Equipment | |||
|---|---|---|---|
| £ | |||
| Cost | |||
| At 1 February 2021 and 31 January 2022 | 29,828 | ||
| ============================ | |||
| Depreciation | |||
| At 1 February 2021 | 16,626 | ||
| Charge for the year | 4,474 | ||
| ---------------------------- | |||
| At 31 January 2022 | 21,100 | ||
| ============================ | |||
| Carrying amount | |||
| At 31 January 2022 | 8,728 | ||
| ============================ | |||
| At 31 January 2021 | 13,202 | ||
| ============================ | |||
| 16. | Stocks | ||
| 2022 | 2021 | ||
| £ | £ | ||
| Stationery and consumable stock | 2,500 | 11,390 | |
| ======================= | ============================ | ||
| 17. | Debtors | ||
| 2022 | 2021 | ||
| £ | £ | ||
| Other debtors | 2,303 | 16,803 | |
| ======================= | ============================ | ||
| 18. | Creditors: amounts falling due within one year | ||
| 2022 | 2021 | ||
| £ | £ | ||
| Accruals and deferred income | 990 | 900 | |
| Other creditors | – | (238) | |
| -------------- | -------------- | ||
| 990 | 662 | ||
| ============== | ============== | ||
| 19. | Creditors: amounts falling due after more than one year | ||
| 2022 | 2021 | ||
| £ | £ | ||
| Other creditors | 209,000 | 182,500 | |
| ================================ | ================================ |
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The Manchester Torah Umesorah Teachers Centre Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 January 2022
20. Analysis of charitable funds
Unrestricted funds
| Unrestricted funds | ||||
|---|---|---|---|---|
| At 01 | At 31 | |||
| Feb 2021 | Income | Expenditure | Jan 2022 | |
| £ | £ | £ | £ | |
| General funds | (132,660) | 127,976 | (157,000) | (161,684) |
| ================================ | ================================ | ================================ | ================================ | |
| At 01 | At 31 | |||
| Feb 2020 | Income | Expenditure | Jan 2021 | |
| £ | £ | £ | £ | |
| General funds | (114,180) | 96,153 | (114,633) | (132,660) |
| ================================ | ============================ | ================================ | ================================ |
21. Analysis of net assets between funds
| Unrestricted | Total Funds | |
|---|---|---|
| Funds | 2022 | |
| £ | £ | |
| Tangible fixed assets | 8,728 | 8,728 |
| Current assets | 39,578 | 39,578 |
| Creditors less than 1 year | (990) | (990) |
| Creditors greater than 1 year | (209,000) | (209,000) |
| -------------------------------- | -------------------------------- | |
| Net liabilities | (161,684) | (161,684) |
| ================================ | ================================ | |
| Unrestricted | Total Funds | |
| Funds | 2021 | |
| £ | £ | |
| Tangible fixed assets | 13,202 | 13,202 |
| Current assets | 37,300 | 37,300 |
| Creditors less than 1 year | (662) | (662) |
| Creditors greater than 1 year | (182,500) | (182,500) |
| -------------------------------- | -------------------------------- | |
| Net liabilities | (132,660) | (132,660) |
| ================================ | ================================ |
22. Related parties
Mr M Halpern, trustee of The Manchester Torah Umesorah Teachers Training Centre Limited, is also trustee of The Ten Charitable Trust.
During the year The Ten Charitable Trust lent £30,000 to the charity on an interest free basis. This, together with the £179,000 brought forward interest free creditor was the balance at the end of the year.
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The Manchester Torah Umesorah Teachers Centre Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 January 2022
23. Taxation
The Manchester Torah Umesorah Teachers Centre Limited is a registered charity and therefore is not liable to income tax or corporation tax on income derived from its charitable activities, as it falls within the various exemptions available to registered charities.
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