REGISTERED CHARITY NUMBER: 1178879
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2020
FOR
FRIENDS OF ORCHOS TORAH
FRIENDS OF ORCHOS TORAH
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2020
| Page | |
|---|---|
| Report of the Trustees | 1 to 2 |
| Independent Examiner's Report | 3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 |
| Notes to the Financial Statements | 6 |
| Detailed Statement of Financial Activities | 7 |
FRIENDS OF ORCHOS TORAH
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30 SEPTEMBER 2020
The trustees present their report with the financial statements of the charity for the year ended 30 September 2020. The trustees have adopted the provisions of 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 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The objective of the charity is the advancement of Orthodox Jewish Religious Education, particularly by assisting the Yeshivas Orchos Torah in Israel.
Public benefit
The Trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the Trust's aims and objectives and in planning future activities and setting the grantmaking policy.
Grantmaking
The charity raises funds in order to make grants to Yeshivas Orchos Hatorah in Israel.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
During the year the charity received donations of £288,410 (2019: £304,002) and made grants of £241,696 (2019: £191,000).
Fundraising activities
The charity spent £44,897 (2019: £105,847) to hold a fundraising event, at which £169,660 (2019: £304,002) was raised to further the charity's objectives.
Internal and external factors
There are no specific factors to report.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
Risk management
The trustees have assessed the major risks to which the charity is exposed and are satisfied that systems are in place to mitigate exposure to major risks.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1178879
Principal address
First Floor Winston House 349 Regents Park Road London N3 1DH
Trustees
Mr L Levison Mr D T Klein Mr A Y Melinek Mr M Silber
Independent Examiner
Michael Pasha & Co Chartered Accountants 220 The Vale Golders Green London NW11 8SR
Page 1
FRIENDS OF ORCHOS TORAH
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2020
Approved by order of the board of trustees on 28 July 2021 and signed on its behalf by:
Mr A Y Melinek - Trustee
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF FRIENDS OF ORCHOS TORAH
Independent examiner's report to the trustees of Friends of Orchos Torah
I report to the charity trustees on my examination of the accounts of Friends of Orchos Torah (the Trust) for the year ended 30 September 2020.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of the Institute of Accountants in England and Wales which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
Michael Weissbraun Michael Pasha & Co Chartered Accountants 220 The Vale Golders Green London NW11 8SR
28 July 2021
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FRIENDS OF ORCHOS TORAH
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2020
| Year ended | Period | ||
|---|---|---|---|
| 30.09.20 | 21.6.18 to | ||
| Unrestricted | 30.9.19 | ||
| fund | Total funds | ||
| Notes | £ | £ | |
| INCOME AND ENDOWMENTS FROM | |||
| Donations and legacies | 288,410 | 304,002 | |
| EXPENDITURE ON | |||
| Raising funds | 44,897 | 105,847 | |
| Charitable activities | |||
| Grants made to Yeshivas Orchos Torah | 241,696 | 191,000 | |
| Other charitable activities | 86 | 1,093 | |
| Total | 286,679 | 297,940 | |
| NET INCOME | 1,731 | 6,062 | |
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | 6,062 | - | |
| TOTAL FUNDS CARRIED FORWARD | 7,793 | 6,062 | |
The notes form part of these financial statements
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FRIENDS OF ORCHOS TORAH
BALANCE SHEET
30 SEPTEMBER 2020
| 2020 | 2019 | |
|---|---|---|
| Unrestricted | Total | |
| Funds | funds | |
| Notes | £ | £ |
| CURRENT ASSETS | ||
| Cash at bank | 7,793 | 6,062 |
| NET CURRENT ASSETS | 7,793 | 6,062 |
| TOTAL ASSETS LESS CURRENT LIABILITIES | 7,793 | 6,062 |
| NET ASSETS | 7,793 | 6,062 |
| FUNDS | ||
| Unrestricted funds | 7,793 | 6,062 |
| TOTAL FUNDS | 7,793 | 6,062 |
The financial statements were approved by the Board of Trustees and authorised for issue on 28 July 2021 and were signed on its behalf by:
Mr A Y Melinek - Trustee
The notes form part of these financial statements
Page 5
FRIENDS OF ORCHOS TORAH
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2020
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the period ended 30 September 2020 nor for the period ended 30 September 2019.
Trustees' expenses
There were no trustees' expenses paid for the period ended 30 September 2020 nor for the period ended 30 September 2019.
3. RELATED PARTY DISCLOSURES
There were no related party transactions for the period ended 30 September 2020.
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DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTMEBER 2020
FRIENDS OF ORCHOS TORAH
| Year ended 30.09.20 £ INCOME AND ENDOWMENTS Donations and legacies Donations 288,410 Total incoming resources 288,410 EXPENDITURE Raising donations and legacies Events 44,897 Charitable activities Grants to institutions 241,696 Support costs Finance Bank charges 86 Governance costs Accountancy and legal fees - Total resources expended 286,679 Net income 1,731 |
Period 21.6.18 to 30.09.19 £ 304,002 304,002 105,847 191,000 218 875 297,940 6,062 |
|---|---|
This page does not form part of the statutory financial statements
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