Registered Charity Number: 1182965
KINYAN HATORAH UK
TRUSTEES’ REPORT
AND
FINANCIAL STATEMENTS FOR THE YEAR ENDED
31 MARCH 2025
KINYAN HATORAH UK
CONTENTS
| Page | |
|---|---|
| Reference and administrative information | 1 |
| Trustees’ Report | 2 - 3 |
| Statement of financial activities | 4 |
| Balance sheet | 5 |
| Notes to the financial statements | 6 - 10 |
KINYAN HATORAH UK
REFERENCE AND ADMINISTRATIVE INFORMATION
Trustees Lee Michael Isaacs (Chair) Jason David Ben-Zion Binyamin Tatz Charity Registration Number 1182965 Principal Office First floor 12 Russell Parade Golders Green Road London NW11 9NN Independent Examiner Bowdon Accounting Services Bartle House Oxford Court Manchester M2 3WQ
1
KINYAN HATORAH UK
TRUSTEES’ REPORT
FOR THE YEAR ENDED 31 MARCH 2025
The trustees present their report with the financial statements of the charity for the year ended 31 March 2025.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 charity's objectives are to further those purposes both in the United Kingdom and abroad recognised as charitable by English Law.
The primary objective of the charity, although not restricted to, is the advancement of the Jewish faith through establishing, managing and supporting a Jewish education centre in North West London and through the holding of educational events, public lectures, educational trips to Israel and celebrations of religious festivals.
The charity receives income mainly from charitable donations, which it utilises in the provision and distribution of grants and donations.
The trustees confirm their compliance with the duty to have due regard to the public benefit guidance published by the Charity Commission when reviewing the charity's aims and objectives and in planning future activities.
Grantmaking
Grants are made to needy individuals in accordance with the objects of the charity.
In making decisions in regards to the allocation of grants and donations, the trustees use their personal knowledge of the individuals. The amount of the grant and donation granted is based on the level of funds available.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
During the year the charity pursued its charitable objects.
Income from donations totalled £141,637 (2024: £142,605), while total resources expended amounted to £142,552 (2024: £158,228), resulting in a net deficit of £1,335 (2024: net deficit of £15,623).
Financial position
At 31 March 2025, the charity held total funds of £2,307 (2024: £3,642), all of which were unrestricted. During the year, the charity recorded a net deficit of £1,335 (2024: £15,623), primarily reflecting continued expenditure on charitable activities and support costs in line with the charity’s objectives.
Cash balances at the year end amounted to £16,669 (2024: £11,405). Current liabilities totalled £14,362 (2024: £7,763), resulting in net current assets of £2,307 (2024: £3,642).
The trustees consider the charity’s financial position at year end to be satisfactory and continue to monitor cash flow and expenditure closely to ensure the charity is able to meet its ongoing obligations as they fall due.
2
Reserves policy
It is the policy of the charity to maintain unrestricted funds at a level the trustees consider appropriate, taking into account future commitments, expected income, and the anticipated costs of delivering the charity’s activities in the coming year. The trustees review the reserves position regularly and are taking steps to rebuild free reserves in line with this policy.
Future plans
The future plans of the charity are to continue supporting the advancement of the Jewish faith and religion, whilst ensuring that the ability to generate sufficient income is maintained to achieve that end.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
Organisational structure
New trustees are appointed based on personal competence, specialist skills and availability. New trustees are inducted into the workings of the charity by the existing trustees.
The trustees administer the day-to-day affairs of the charity. None of the trustees have any beneficial interest in the charity.
03/02/2026
Approved by order of the board of trustees on __ and signed on its behalf by:
Mr L M Isaacs - Chair
3
KINYAN HATORAH UK
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025
| Notes Income and Endowments from: Donations and legacies Expenditure on: Charitable activities 2 Support costs 3 Net Movement in Funds Reconciliation of Funds: Total funds brought forward Total Funds carried forward |
Unrestricted Funds 2025 £ 141,217 119,671 22,880 142,552 (1,335) 3,642 2,307 |
Total Funds 2024 £ 142,605 125,013 33,215 158,228 (15,623) 19,265 3,642 |
|---|---|---|
The notes form part of these financial statements
4
KINYAN HATORAH UK
BALANCE SHEET AS AT 31 MARCH 2025
| Notes Current Assets Cash at bank and in hand Current Liabilities Creditors: amounts falling due within one year 7 Net Current Assets Total Assets less Current Liabilities Net Assets Charity Funds Unrestricted funds 8 Total Funds |
Total Funds 2025 £ 16,669 (14,362) 2,307 2,307 2,307 2,307 2,307 |
Total Funds 2024 £ 11,405 (7,763) 3,642 3,642 3,642 3,642 3,642 |
|---|---|---|
03/02/2026
The financial statements were approved by the Board of Trustees and authorised for issue on …....................... and were signed on its behalf by :
…........................................
Mr. L M Isaacs Chair
The notes form part of these financial statements
5
KINYAN HATORAH UK
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1 Accounting Policies
1.1 Basis of preparation of 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 2019)', 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.
1.2 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.
1.3 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.
1.4 Governance Costs
Governance costs include cost of the preparation and independent examination of financial statements and cost of any legal advice to trustees on governance or constitutional matters.
1.5 Taxation
The charity is exempt from tax on its charitable activities.
1.6 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. The charity had no restricted funds as at the Balance Sheet date.
1.7 Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
6
KINYAN HATORAH UK
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1 Accounting Policies (continued)
1.8 Pension costs and other post-retirement benefits
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
1.9 Financial instruments
Basic financial instruments are classified at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
2 Expenditure on Charitable Activities
| Wages Pensions Community events Grants and assistance to students Publishing costs Total Charitable Activity Costs 3 Expenditure on Support Costs Management Travel expenses Office expenses Printing and stationery Finance Bank charges |
Total Funds 2025 £ 23,420 29 50,365 45,857 - 119,671 Total Funds 2025 £ 11,042 - - 11,042 19 |
Total Funds 2024 £ 24,040 29 47,174 53,770 - 125,013 Total Funds 2024 £ 20,262 312 - 20,574 - |
|---|---|---|
7
KINYAN HATORAH UK
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
3 Expenditure on Support Costs (continued)
| Other Cleaning Consulting Insurance Staff training Governance costs Independent examiner's remuneration Professional fees Bookkeeping fees Total Support Costs |
Total Funds 2025 £ 2,780 4,841 - - 7,621 1,060 - 3,138 4,198 22,880 |
Total Funds 2024 £ 4,008 3,114 2,812 176 10,110 1,060 - 1,471 2,531 33,215 |
|---|---|---|
4 Independent Examiner's Remuneration
The independent examiner's remuneration amounts to an independent examiner's fee of £1,060 (2024 - £1,060)
5 Trustees' Remuneration and Expenses
During the year ended 31 March 2025, no Trustees received any remuneration or other benefits (2024 - £NIL). During the year ended 31 March 2025, no Trustees expenses have been incurred (2024 - £NIL).
6 Staff Costs
The average monthly number of employees during the year were 5.
Total wages and salaries costs for the period was £23,420 (2024: £24,067).
7 Creditors: Amounts falling due within one year
| Trade creditors Other creditors |
2025 £ 939 13,423 14,362 |
2024 £ 939 6,824 7,763 |
|---|---|---|
8
KINYAN HATORAH UK
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
8 Movement in Funds
| Current Year Balance at 01 April 2024 £ Unrestricted Funds General funds 3,642 Total Funds 3,642 Prior Year Balance at 01 April 2023 £ Unrestricted Funds General funds 19,265 Total Funds 19,265 9 Analysis of Net Assets between Funds Analysis of net assets between funds - current year Current assets Creditors due within one year Total Analysis of net assets between funds - prior year Current assets Creditors due within one year Total |
Income £ 141,217 141,217 Income £ 142,605 142,605 |
Expenditure £ (142,552) (142,552) Expenditure £ (158,228) (158,228) |
Balance at 31 March 2025 £ 2,307 2,307 Balance at 31 March 2024 £ 3,642 3,642 Total funds 2025 £ 16,669 (14,362) 2,307 Total funds 2024 £ 11,405 (7,763) 3,642 |
|---|---|---|---|
9
KINYAN HATORAH UK
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
11 Related Party Disclosures
During the year, a director of the charity made a donation of £12,580 to the charity. The donation was applied towards the charity’s salary costs during the year. The director received no benefit in return for the donation.
There were no related party transactions in the prior year.
10
Registered Charity Number: 1182965
KINYAN HATORAH UK
TRUSTEES’ REPORT
AND
FINANCIAL STATEMENTS FOR THE YEAR ENDED
31 MARCH 2025
KINYAN HATORAH UK
CONTENTS
| Page | |
|---|---|
| Reference and administrative information | 1 |
| Trustees’ Report | 2 - 3 |
| Statement of financial activities | 4 |
| Balance sheet | 5 |
| Notes to the financial statements | 6 - 10 |
KINYAN HATORAH UK
REFERENCE AND ADMINISTRATIVE INFORMATION
Trustees Lee Michael Isaacs (Chair) Jason David Ben-Zion Binyamin Tatz Charity Registration Number 1182965 Principal Office First floor 12 Russell Parade Golders Green Road London NW11 9NN Independent Examiner Bowdon Accounting Services Bartle House Oxford Court Manchester M2 3WQ
1
KINYAN HATORAH UK
TRUSTEES’ REPORT
FOR THE YEAR ENDED 31 MARCH 2025
The trustees present their report with the financial statements of the charity for the year ended 31 March 2025.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 charity's objectives are to further those purposes both in the United Kingdom and abroad recognised as charitable by English Law.
The primary objective of the charity, although not restricted to, is the advancement of the Jewish faith through establishing, managing and supporting a Jewish education centre in North West London and through the holding of educational events, public lectures, educational trips to Israel and celebrations of religious festivals.
The charity receives income mainly from charitable donations, which it utilises in the provision and distribution of grants and donations.
The trustees confirm their compliance with the duty to have due regard to the public benefit guidance published by the Charity Commission when reviewing the charity's aims and objectives and in planning future activities.
Grantmaking
Grants are made to needy individuals in accordance with the objects of the charity.
In making decisions in regards to the allocation of grants and donations, the trustees use their personal knowledge of the individuals. The amount of the grant and donation granted is based on the level of funds available.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
During the year the charity pursued its charitable objects.
Income from donations totalled £141,637 (2024: £142,605), while total resources expended amounted to £142,552 (2024: £158,228), resulting in a net deficit of £1,335 (2024: net deficit of £15,623).
Financial position
At 31 March 2025, the charity held total funds of £2,307 (2024: £3,642), all of which were unrestricted. During the year, the charity recorded a net deficit of £1,335 (2024: £15,623), primarily reflecting continued expenditure on charitable activities and support costs in line with the charity’s objectives.
Cash balances at the year end amounted to £16,669 (2024: £11,405). Current liabilities totalled £14,362 (2024: £7,763), resulting in net current assets of £2,307 (2024: £3,642).
The trustees consider the charity’s financial position at year end to be satisfactory and continue to monitor cash flow and expenditure closely to ensure the charity is able to meet its ongoing obligations as they fall due.
2
Reserves policy
It is the policy of the charity to maintain unrestricted funds at a level the trustees consider appropriate, taking into account future commitments, expected income, and the anticipated costs of delivering the charity’s activities in the coming year. The trustees review the reserves position regularly and are taking steps to rebuild free reserves in line with this policy.
Future plans
The future plans of the charity are to continue supporting the advancement of the Jewish faith and religion, whilst ensuring that the ability to generate sufficient income is maintained to achieve that end.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
Organisational structure
New trustees are appointed based on personal competence, specialist skills and availability. New trustees are inducted into the workings of the charity by the existing trustees.
The trustees administer the day-to-day affairs of the charity. None of the trustees have any beneficial interest in the charity.
03/02/2026
Approved by order of the board of trustees on __ and signed on its behalf by:
Mr L M Isaacs - Chair
3
KINYAN HATORAH UK
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025
| Notes Income and Endowments from: Donations and legacies Expenditure on: Charitable activities 2 Support costs 3 Net Movement in Funds Reconciliation of Funds: Total funds brought forward Total Funds carried forward |
Unrestricted Funds 2025 £ 141,217 119,671 22,880 142,552 (1,335) 3,642 2,307 |
Total Funds 2024 £ 142,605 125,013 33,215 158,228 (15,623) 19,265 3,642 |
|---|---|---|
The notes form part of these financial statements
4
KINYAN HATORAH UK
BALANCE SHEET AS AT 31 MARCH 2025
| Notes Current Assets Cash at bank and in hand Current Liabilities Creditors: amounts falling due within one year 7 Net Current Assets Total Assets less Current Liabilities Net Assets Charity Funds Unrestricted funds 8 Total Funds |
Total Funds 2025 £ 16,669 (14,362) 2,307 2,307 2,307 2,307 2,307 |
Total Funds 2024 £ 11,405 (7,763) 3,642 3,642 3,642 3,642 3,642 |
|---|---|---|
03/02/2026
The financial statements were approved by the Board of Trustees and authorised for issue on …....................... and were signed on its behalf by :
…........................................
Mr. L M Isaacs Chair
The notes form part of these financial statements
5
KINYAN HATORAH UK
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1 Accounting Policies
1.1 Basis of preparation of 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 2019)', 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.
1.2 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.
1.3 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.
1.4 Governance Costs
Governance costs include cost of the preparation and independent examination of financial statements and cost of any legal advice to trustees on governance or constitutional matters.
1.5 Taxation
The charity is exempt from tax on its charitable activities.
1.6 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. The charity had no restricted funds as at the Balance Sheet date.
1.7 Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
6
KINYAN HATORAH UK
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1 Accounting Policies (continued)
1.8 Pension costs and other post-retirement benefits
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
1.9 Financial instruments
Basic financial instruments are classified at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
2 Expenditure on Charitable Activities
| Wages Pensions Community events Grants and assistance to students Publishing costs Total Charitable Activity Costs 3 Expenditure on Support Costs Management Travel expenses Office expenses Printing and stationery Finance Bank charges |
Total Funds 2025 £ 23,420 29 50,365 45,857 - 119,671 Total Funds 2025 £ 11,042 - - 11,042 19 |
Total Funds 2024 £ 24,040 29 47,174 53,770 - 125,013 Total Funds 2024 £ 20,262 312 - 20,574 - |
|---|---|---|
7
KINYAN HATORAH UK
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
3 Expenditure on Support Costs (continued)
| Other Cleaning Consulting Insurance Staff training Governance costs Independent examiner's remuneration Professional fees Bookkeeping fees Total Support Costs |
Total Funds 2025 £ 2,780 4,841 - - 7,621 1,060 - 3,138 4,198 22,880 |
Total Funds 2024 £ 4,008 3,114 2,812 176 10,110 1,060 - 1,471 2,531 33,215 |
|---|---|---|
4 Independent Examiner's Remuneration
The independent examiner's remuneration amounts to an independent examiner's fee of £1,060 (2024 - £1,060)
5 Trustees' Remuneration and Expenses
During the year ended 31 March 2025, no Trustees received any remuneration or other benefits (2024 - £NIL). During the year ended 31 March 2025, no Trustees expenses have been incurred (2024 - £NIL).
6 Staff Costs
The average monthly number of employees during the year were 5.
Total wages and salaries costs for the period was £23,420 (2024: £24,067).
7 Creditors: Amounts falling due within one year
| Trade creditors Other creditors |
2025 £ 939 13,423 14,362 |
2024 £ 939 6,824 7,763 |
|---|---|---|
8
KINYAN HATORAH UK
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
8 Movement in Funds
| Current Year Balance at 01 April 2024 £ Unrestricted Funds General funds 3,642 Total Funds 3,642 Prior Year Balance at 01 April 2023 £ Unrestricted Funds General funds 19,265 Total Funds 19,265 9 Analysis of Net Assets between Funds Analysis of net assets between funds - current year Current assets Creditors due within one year Total Analysis of net assets between funds - prior year Current assets Creditors due within one year Total |
Income £ 141,217 141,217 Income £ 142,605 142,605 |
Expenditure £ (142,552) (142,552) Expenditure £ (158,228) (158,228) |
Balance at 31 March 2025 £ 2,307 2,307 Balance at 31 March 2024 £ 3,642 3,642 Total funds 2025 £ 16,669 (14,362) 2,307 Total funds 2024 £ 11,405 (7,763) 3,642 |
|---|---|---|---|
9
KINYAN HATORAH UK
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
11 Related Party Disclosures
During the year, a director of the charity made a donation of £12,580 to the charity. The donation was applied towards the charity’s salary costs during the year. The director received no benefit in return for the donation.
There were no related party transactions in the prior year.
10
Independent examiner's report on the accounts
Section A Independent Examiner’s Report
Report to the trustees Kinyan Hatorah UK On accounts for the year 31/03/2025 Charity no 1182965 ended (if any) Set out on pages 1-2 I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31/03/2025 . Responsibilities and As the charity's trustees, you are responsible for the preparation of the basis of report 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 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent I have completed my examination. I confirm that no material matters have examiner's statement come to my attention in connection with the examination which gives me cause to believe that in, any material respect:
-
the accounting records were not kept in accordance with section 130 of the Charities Act; or
-
the accounts did not accord with the accounting records; or
-
the accounts did 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.
| Signed: Name: Relevant professional qualification(s) or body (if any): Address: |
Date: | 30/01/2026 |
|---|---|---|
| Adeel Sahi | ||
| ACCA | ||
| Bowdon Accounting Services | ||
| Bartle House, Oxford Court | ||
| Manchester M2 3WQ |
1
Oct 2018
IER
Section B Disclosure
Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).
Give here brief details of N/A any items that the examiner wishes to disclose .
2
Oct 2018
IER