Charity Registration No. 230825
THE HESHAIM OR THEOLOGICAL COLLEGE INCLUDING THE MAHANE RAPHAEL 1734
TRUSTEES REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 OCTOBER 2025
THE HESHAIM OR THEOLOGICAL COLLEGE INCLUDING THE MAHANE RAPHAEL 1734
| Information Trustees report Statement of financial activities Balance sheet Notes to the accounts |
CONTENTS Page 1 2-4 5 6 7-8 |
|---|---|
THE HESHAIM OR THEOLOGICAL COLLEGE INCLUDING THE MAHANE RAPHAEL 1734
INFORMATION
Board of Trustees Professor J Schonfield L Kilshaw I Levy R Sabah L R Nahon F Martin S Tobelem Professor J Cohen J Zelouf Ex-Officio members Ministers of the Congregation Charity information Charity Registration Number 230825 Registration date 10 June 1965 (Established 1664) Principal address 2 Ashworth Road London W9 1JY Bankers NatWest Bank City of London Office P O Box 12258 1 Princes Street London EC2R 8PA
1
THE HESHAIM OR THEOLOGICAL COLLEGE INCLUDING THE MAHANE RAPHAEL 1734
Independent examiner's report to the Trustees
Independent examiner's report to the Trustees of The Heshaim or Theological College including The Mahane Raphael 1734
I report to the Trustees on my examination of the accounts of The Heshaim or Theological College including The Mahane Raphael 1734 ("the Trust") for the year ended 31 October 2025.
Responsibilities and basis of report
As the Trustees 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
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
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the accounts do not accord with those records; or
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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 confirm that there are no other matters to which your attention should be drawn to enable a proper understanding of the accounts to be reached.
Jonathan Levy FCCA Netofa Limited 17 Kings Drive, Edgware HA8 8ED
Date: 28/07/2026
THE HESHAIM OR THEOLOGICAL COLLEGE INCLUDING THE MAHANE RAPHAEL 1734
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 OCTOBER 2025
| Incoming resources From charitable activities Income from charitable activities From generated funds Investment income Total incoming resources Resources expended Cost of charitable activities Production of religious books Total resources expended Other recognised gains and losses Gains on investment assets Net movement in funds for financial year Fund balances brought forward at 1 November 2024 Net movement in funds for financial year Fund balances carried forward at 31 October 2025 |
Notes | 2025 2024 £ £ 12,398 6,450 2,122 5,850 |
2024 |
|---|---|---|---|
| 2 3 4 8 |
|||
| 14,520 12,300 |
|||
| 38,450 24,592 |
|||
| 38,450 24,592 |
|||
| (23,931) (12,292) |
|||
| 23,211 9,498 |
|||
| (720) (2,794) |
|||
| 229,327 232,121 |
|||
| (720) (2,794) |
|||
| 228,607 229,327 |
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THE HESHAIM OR THEOLOGICAL COLLEGE INCLUDING THE MAHANE RAPHAEL 1734
BALANCE SHEET AS AT 31 OCTOBER 2025
| FIXED ASSETS Investments CURRENT ASSETS Debtors Cash at bank CREDITORS:Amount falling due within one year NET CURRENT ASSETS NET ASSETS Representing: Total funds |
Note 5 6 7 8 |
2025 2024 £ £ 178,779 155,568 8,668 12,058 41,159 61,700 |
2024 |
|---|---|---|---|
| 49,827 73,758 - - |
|||
| 49,827 73,758 |
|||
| 228,607 229,327 |
|||
| 228,607 229,327 |
Approved by the Trustees on ………………………………………... and signed on their behalf by: 27 July 2026
I Levy
………………………………………………….
Trustee …………………………………………………. Trustee
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THE HESHAIM OR THEOLOGICAL COLLEGE INCLUDING THE MAHANE RAPHAEL 1734
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 OCTOBER 2025
1. Accounting policies
Accounting convention
The financial statements 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), and the Charities Act 2011.
The financial statements have been prepared under the historical cost convention.
Incoming resources
Income from charitable activities
Income is generated from the sale of prayer books and other publications for the advancement of education and religion.
Investment income
Investment income has been included to the extent that it arises on the fixed asset investments held during the year.
Resources expended
Charitable expenditure
Charitable expenditure comprises all expenditure directly relating to the objectives of the charity.
Governance costs
Governance costs include audit costs and legal advice for the trustees and those associated with constitutional and statutory requirements.
Support costs
Support costs include secretarial fees paid to the Spanish & Portuguese Jews' Congregation for the management and administration of the charity and have been allocated to the charitable activity to which they relate.
Payment to Trustees
The Trustees do not receive any remuneration or any reimbursement of expenses. There were no employees during the year.
Investments
Investments are held in the name of the Spanish and Portuguese Jews' Synagogue Common Investment Fund (also known as The London Sephardi Trust Investment Pool) as custodian trustee and are included in the accounts at valuation at the Balance sheet date.
| 2. Income from charitable activities Sale of prayer books Sale of miscellaneous publications |
2025 2024 £ £ |
|---|---|
| 12,398 6,450 - - |
|
| 12,398 6,450 |
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THE HESHAIM OR THEOLOGICAL COLLEGE INCLUDING THE MAHANE RAPHAEL 1734
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 OCTOBER 2025
| 3. Investment income Income from investment assets Donations Bank interest 4. Resources expended Costs of charitable activities Production of publications Music archives, Inquistion list and other costs Grants given out Storage costs Support costs 5. Investments Share of Spanish and Portuguese Jews' Synagogue Common Investment Fund valuation At 1 November 2024 Capital withdrawal Increase/(decrease) in value of investments At 31 October 2025 6. Debtors Common Investment Fund Accounts receivables Accrued Income 7. Creditors: amounts falling due within one year Trade Creditors Sundry creditors and accruals 8. Accumulated Funds at 1 November 2024 Net outgoing resources for the year Increase/(decrease) in value of investments at 31 October 2025 |
2025 2024 £ £ |
|---|---|
| 1,327 5,850 795 - - - |
|
| 2,122 5,850 |
|
| 2025 2024 £ £ |
|
| 19,208 10,189 3,000 2,910 4,038 3,978 12,205 7,515 |
|
| 38,450 24,592 |
|
| 2025 2024 £ £ |
|
| 155,568 191,070 - (45,000) 23,211 9,498 |
|
| 178,779 155,568 |
|
| 2025 2024 £ £ |
|
| - 1,877 2,530 10,181 6,138 - |
|
| 8,668 12,058 |
|
| 2025 2024 £ £ |
|
| - - - - |
|
| - - |
|
| 2025 2024 £ £ |
|
| 229,327 232,121 (23,931) (12,292) 23,211 9,498 |
|
| 228,607 229,327 |
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