**REGISTERED CHARITY NUMBER: 1198092**
## **REPORT OF THE TRUSTEES AND**
**UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD 1 MARCH 2022 TO 31 DECEMBER 2022**
## **FOR**
## **HASMODAS HATORAH FOUNDATION**
DAS Accounting Services Ltd 105 Eade Road OCC Building A 2nd Floor Unit 11D London N4 1TJ
**HASMODAS HATORAH FOUNDATION**
## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE PERIOD 1 MARCH 2022 TO 31 DECEMBER 2022**
|||**Page**||
|---|---|---|---|
|**Report of the Trustees**|1|to|2|
|**Statement of Financial Activities**||3||
|**Balance Sheet**||4||
|**Notes to the Financial Statements**|5|to|7|
## **HASMODAS HATORAH FOUNDATION**
## **REPORT OF THE TRUSTEES FOR THE PERIOD 1 MARCH 2022 TO 31 DECEMBER 2022**
The trustees present their report with the financial statements of the charity for the period 1 March 2022 to 31 December 2022. 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 objects of the charity are:
1. The advancement of the Jewish religion by the provision of religious education, religious services and facilities for religious education and study.
2. The prevention and relief of poverty and financial hardship.
## **Public benefit**
The trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the aim and objectives and in planning the charity's future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives set.
## **ACHIEVEMENT AND PERFORMANCE**
## **Charitable activities**
During the year the charity pursued its charitable objects.
Income form donations aggregated £9,246. Total resources expended was £8,882, resulting in net income of £364.
## **FINANCIAL REVIEW**
## **Financial position**
The financial results of the charity for the period ended 31 December 2022 are fully reflected in the attached financial statements together with the notes thereon.
As at 31 December 2022 the charity had total unrestricted funds £364.
## **Reserves policy**
It is the policy of the charity to maintain unrestricted funds, which are the free reserves of the charity, at a level, which the trustees think appropriate after considering the future commitments of the charity and the likely administrative costs of the charity.
The trustees are actively pursuing sources of funding in order to ensure that there are sufficient reserves to provide financial stability and flexibility
## **FUTURE PLANS**
The future plans of the charity are to continue to support the poor and needy through donations and grants and distribution of food.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document and constitutes a charitable incorporated organisation.
## **Recruitment and appointment of new trustees**
Apart from the first charity trustees, every trustee must be appointed by a resolution passed at a properly convened meeting of the charity trustees.
In selecting individuals for appointment as charity trustees, the charity trustees must have regard to the skills, knowledge and experience needed for the effective administration of the charity.
Page 1
**HASMODAS HATORAH FOUNDATION**
## **REPORT OF THE TRUSTEES FOR THE PERIOD 1 MARCH 2022 TO 31 DECEMBER 2022**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Organisational structure**
The day-to-day affairs of the charity are administered by the trustees.
None of the trustees have any beneficial interest in the charity. All trustees give their time voluntarily and no benefit or expenses were paid to them in the year
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number**
1198092
## **Principal address**
Flat 62 Joseph Court Amhurst Park London N16 5AJ
## **Trustees**
Mr C Nutovics Mr E Breuer Ms R Arberman
Approved by order of the board of trustees on 31 October 2023 and signed on its behalf by:
Ms R Arberman - Trustee
Page 2
## **HASMODAS HATORAH FOUNDATION**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD 1 MARCH 2022 TO 31 DECEMBER 2022**
|||**Unrestricted**|
|---|---|---|
|||**funds**|
||**Notes**|**£**|
|**INCOME AND ENDOWMENTS FROM**|||
|Donations and legacies||9,246|
|**EXPENDITURE ON**|||
|**Charitable activities**|2||
|Direct costs||7,937|
|Other charitable activities||945|
|**Total**||8,882|
|**NET INCOME**||364|
|**TOTAL FUNDS CARRIED FORWARD**||364|
||||
The notes form part of these financial statements
Page 3
## **HASMODAS HATORAH FOUNDATION**
||**BALANCE SHEET**|||
|---|---|---|---|
||**31 DECEMBER 2022**|||
|||**Unrestricted**||
|||**funds**||
||**Notes**|**£**||
|**CURRENT ASSETS**||||
|Cash at bank||1,264||
|**CREDITORS**||||
|Amounts falling due within one year|6|(900)||
|**NET CURRENT ASSETS**|||364|
|**TOTAL ASSETS LESS CURRENT LIABILITIES**|||364|
|**NET ASSETS**|||364|
|**FUNDS**|7|||
|Unrestricted funds|||364|
|**TOTAL FUNDS**|||364|
|||||
The financial statements were approved by the Board of Trustees and authorised for issue on 31 October 2023 and were signed on its behalf by:
Ms R Arberman - Trustee
The notes form part of these financial statements
Page 4
**HASMODAS HATORAH FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD 1 MARCH 2022 TO 31 DECEMBER 2022**
## **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 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.
## **Critical accounting judgements and key sources of estimation uncertainty**
In the application of the charity's accounting policies, the trustees are requires to make judgments, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.
The trustees do not consider there are any critical judgments or sources of estimation uncertainty requiring disclosure beyond the accounting policies listed below.
## **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.
## **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.
## **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.
The charity had no restricted funds as at the balance sheet date.
## **Financial instruments**
Basic financial instruments are recognised 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.
continued...
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## **HASMODAS HATORAH FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 1 MARCH 2022 TO 31 DECEMBER 2022**
## **2. CHARITABLE ACTIVITIES COSTS**
|**Direct**
**Support**
**Costs (see**
**costs (see**
**note 3)**
**note 4)**
**Totals**
**£**
**£**
**£**
Direct costs
7,937
-
7,937
Other charitable activities
-
945
945
7,937
945
8,882
**3.**
**DIRECT COSTS OF CHARITABLE ACTIVITIES**
**2022**
**£**
Family packages
7,818
Family support
75
Advertisement
44
**7,937**
**4.**
**SUPPORT COSTS**
**Governance**
**Finance**
**costs**
**Totals**
**£**
**£**
**£**
Other charitable activities
45
900
945|**Direct**
**Support**
**Costs (see**
**costs (see**
**note 3)**
**note 4)**
**Totals**
**£**
**£**
**£**
Direct costs
7,937
-
7,937
Other charitable activities
-
945
945
7,937
945
8,882
**3.**
**DIRECT COSTS OF CHARITABLE ACTIVITIES**
**2022**
**£**
Family packages
7,818
Family support
75
Advertisement
44
**7,937**
**4.**
**SUPPORT COSTS**
**Governance**
**Finance**
**costs**
**Totals**
**£**
**£**
**£**
Other charitable activities
45
900
945|**Direct**
**Support**
**Costs (see**
**costs (see**
**note 3)**
**note 4)**
**Totals**
**£**
**£**
**£**
Direct costs
7,937
-
7,937
Other charitable activities
-
945
945
7,937
945
8,882
**3.**
**DIRECT COSTS OF CHARITABLE ACTIVITIES**
**2022**
**£**
Family packages
7,818
Family support
75
Advertisement
44
**7,937**
**4.**
**SUPPORT COSTS**
**Governance**
**Finance**
**costs**
**Totals**
**£**
**£**
**£**
Other charitable activities
45
900
945|**Totals**
**£**
7,937
945
8,882|
|---|---|---|---|
||||**2022**
**£**
7,818
75
44
**7,937**|
## **4. SUPPORT COSTS** Other charitable activities **5. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the period ended 31 December 2022.
## **Trustees' expenses**
There were no trustees' expenses paid for the period ended 31 December 2022.
continued...
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## **HASMODAS HATORAH FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 1 MARCH 2022 TO 31 DECEMBER 2022**
## **6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|||||**£**|
|---|---|---|---|---|
|Other creditors||||900|
|**MOVEMENT IN FUNDS**|||||
|**Unrestricted funds**||**Net**
**movement**
**in funds**
**£**|**At**
**31.12.22**
**£**||
|Unrestricted funds||364||364|
|**TOTAL FUNDS**||364||364|
|Net movement in funds, included in the above are as follows:|||||
|**Unrestricted funds**|**Incoming**
**resources**
**£**|**Resources**
**expended**
**£**|**Movement**
**in funds**
**£**||
|Unrestricted funds|9,246|(8,882)||364|
|**TOTAL FUNDS**|9,246|(8,882)||364|
||||||
## **7. MOVEMENT IN FUNDS**
## **8. RELATED PARTY DISCLOSURES**
No transactions with related parties, were undertaken such as are required to be disclosed under charities SORP (FRS 102).
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