**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 Page 2 **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: 1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or 2. the accounts do not accord with those records; or 3. 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 Page 3 **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 Page 4 ## **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. Page 6 **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 Page 7