Charity registration number 1207703
BEIS TEFILOH
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 AUGUST 2025
BEIS TEFILOH
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Charity number
Principal and Registered office
Independent examiner
Mr Robert Chalk Mr Yisroel Meir Ginsbury Mr David Mark Steinhaus
1207703
28 St. Johns Road London NW11 0PG
Brookheim Limited 35 Mayfield Gardens London NW4 2PY
(Appointed 3 April 2024) (Appointed 3 April 2024) (Appointed 3 April 2024)
BEIS TEFILOH
CONTENTS
| Page | |
|---|---|
| Trustees' report | 1 |
| Independent examiner's report | 2 |
| Statement of financial activities | 3 |
| Statement of financial position | 4 |
| Notes to the financial statements | 5 - 9 |
BEIS TEFILOH
TRUSTEES' REPORT
FOR THE PERIOD ENDED 31 AUGUST 2025
The Trustees present their annual report and financial statements for the Period ended 31 August 2025.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Charity's [governing document], the Charities Act 2011 and "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
The charity's objectives are the advancement of the Orthodox Jewish faith in North and North West London for the public benefit, through the holding of prayer meetings, lectures and public celebration of Jewish festivals.
Public benefit
The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the Charity should undertake.
Achievements and performance
The Charity commenced operations and continued to operate a synagogue and support the local community.
Financial review
The charity received Unrestricted donations of £32,175 during the period and incurred expenditure of £13,221 resulting in a surplus of £18,954 in Unrestricted Funds. The Charity also received Restricted donations of £27,422 all of which were expended during the year in advance of organisations and needy individuals in the community.
Reserves policy
It is the policy of the Charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The Trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the Charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the Period.
Plans for future periods
The Charity intends to continue its activities of running a synagogue and supporting the local community in the future.
Structure, governance and management
Beis Tefiloh is a CIO governed by its Constitution dated 3 April 2024.
The Trustees who served during the Period and up to the date of signature of the financial statements were: Mr Robert Chalk (Appointed 3 April 2024) Mr Yisroel Meir Ginsbury (Appointed 3 April 2024) Mr David Mark Steinhaus (Appointed 3 April 2024)
The Trustees' report was approved by the Board of Trustees.
Mr Yisroel Meir Ginsbury
Trustee
30 June 2026
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BEIS TEFILOH
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF BEIS TEFILOH
I report to the Trustees on my examination of the financial statements of Beis Tefiloh (the Charity) for the Period ended 31 August 2025.
Responsibilities and basis of report
As the Trustees of the Charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).
I report in respect of my examination of the Charity’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.
I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
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 that in any material respect:
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1 accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or
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2 the financial statements do not accord with those records; or
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3 the financial statements 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 financial statements to be reached.
Pini Shebson ACA
Brookheim Limited 35 Mayfield Gardens London NW4 2PY
Dated: 30 June 2026
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BEIS TEFILOH
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE PERIOD ENDED 31 AUGUST 2025
| Unrestricted Restricted funds funds 2025 2025 Notes £ £ Income from: Donations and legacies 3 32,175 27,422 Total income 32,175 27,422 Expenditure on: Charitable activities 4 13,221 27,422 Total expenditure 13,221 27,422 Net income and movement in funds 18,954 - Reconciliation of funds: Fund balances at 3 April 2024 - - Fund balances at 31 August 2025 18,954 - |
Total 2025 £ 59,597 |
|---|---|
| 59,597 40,643 |
|
| 40,643 | |
| 18,954 - |
|
| 18,954 |
The statement of financial activities includes all gains and losses recognised in the Period. All income and expenditure derive from continuing activities.
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BEIS TEFILOH
STATEMENT OF FINANCIAL POSITION
AS AT 31 AUGUST 2025
| Notes Current assets Cash at bank and in hand Net current assets The funds of the Charity Unrestricted funds 10 |
2025 £ 18,954 |
£ 18,954 |
|---|---|---|
| 18,954 | ||
| 18,954 |
The financial statements were approved by the Trustees on 30 June 2026
Mr Yisroel Meir Ginsbury Trustee
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BEIS TEFILOH
NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 AUGUST 2025
1 Accounting policies
Charity information
Beis Tefiloh is a CIO, governed by its Constitution dated 3 April 2024..
1.1 Accounting convention
The financial statements have been prepared in accordance with the Charity's [governing document], the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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). The Charity is a Public Benefit Entity as defined by FRS 102.
The Charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The financial statements are prepared in sterling, which is the functional currency of the Charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.
1.2 Going concern
At the time of approving the financial statements, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the Charity.
1.4 Income
Income is recognised when the Charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the Charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the Charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
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BEIS TEFILOH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 AUGUST 2025
1 Accounting policies
(Continued)
1.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
1.6 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
Basic financial assets
Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including trade and other payables and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the Charity’s contractual obligations expire or are discharged or cancelled.
1.7 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the Charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
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BEIS TEFILOH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 AUGUST 2025
2 Critical accounting estimates and judgements
In the application of the Charity’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount 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 where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
3 Income from donations and legacies
| Unrestricted | Restricted | Total | |
|---|---|---|---|
| funds | funds | ||
| 2025 | 2025 | 2025 | |
| £ | £ | £ | |
| Donations and gifts | 32,175 | 27,422 | 59,597 |
4 Expenditure on charitable activities
| Unrestriced | |
|---|---|
| Funds | |
| 2025 | |
| £ | |
| Direct costs | |
| Staff costs | 3,000 |
| Operating a Synagogue | 10,167 |
| 13,167 | |
| Grant funding of activities (see note 5) | 27,422 |
| Share of support and governance costs (see note 6) | |
| Support | 54 |
| 40,643 | |
| Analysis by fund | |
| Unrestricted funds | 13,221 |
| Restricted funds | 27,422 |
| 40,643 |
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BEIS TEFILOH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 AUGUST 2025
| 5 | Grants payable | |
|---|---|---|
| Restricted | ||
| Funds | ||
| 2025 | ||
| £ | ||
| Grants to institutions: | ||
| WST Charity Ltd | 3,700 | |
| Gateshead Kehilla Kollel Ltd | 3,000 | |
| String of Pearls | 2,900 | |
| Friends of Tifereth Shlomo | 1,952 | |
| 11,552 | ||
| Grants to individuals | 15,870 | |
| 27,422 | ||
| - | ||
| 6 | Support costs allocated to activities | |
| 2025 | ||
| £ | ||
| Bank charges | 54 |
7 Trustees
None of the Trustees (or any persons connected with them) received any remuneration or benefits from the Charity during the Period.
8 Employees
| Employment costs Wages and salaries |
2025 £ 3,000 |
|---|---|
| 3,000 |
There were no employees whose annual remuneration was more than £60,000.
9 Taxation
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
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BEIS TEFILOH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 AUGUST 2025
10 Unrestricted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
| At | 3 | April | Incoming | Resources | At | 31 | August | |
|---|---|---|---|---|---|---|---|---|
| 2024 | resources | expended | 2025 | |||||
| £ | £ | £ | £ | |||||
| General funds | - | 32,175 | (13,221) | 18,954 |
11 Related party transactions
There were no disclosable related party transactions during the Period ( - none).
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