**Charity number: 266913 Company number: 01151421**
## **Tel Hai Fund Limited**
**(A company limited by guarantee)**
**Trustees' report and financial statements**
**for the year ended 31 March 2024**
## **Tel Hai Fund Limited (A company limited by guarantee)**
## **Contents**
||**Page**|
|---|---|
|Legal and administrative information|**1**|
|Trustees' report|**2**|
|Statement of financial activities|**3**|
|Balance sheet|**4 - 5**|
|Notes to the financial statements|**6 - 7**|
## **Tel Hai Fund Limited (A company limited by guarantee)**
## **Legal and administrative information**
|**Charity number**|266913|
|---|---|
|**Company registration number**|01151421|
|**Registered office**|45-46 New Bond Street|
||London|
||W1S 2SF|
|**Trustees**|J Graus|
||M Lee|
||M Rankoff|
|**Accountants**|Alexander & Co (Accountancy) Limited|
||7 Murray Crescent|
||Pinner|
||Middlesex|
||HA5 3QF|
**Page 1**
## **Tel Hai Fund Limited**
## **(A company limited by guarantee)**
## **Report of the trustees (incorporating the directors' report) for the year ended 31 March 2024**
The trustees present their report and the financial statements for the year ended 31 March 2024. The trustees, who are also directors of Tel Hai Fund Limited for the purposes of company law and who served during the year and up to the date of this report are set out on page 1.
## **Objectives and activities**
The principal activity of the company throughout the year has continued to be that of raising money for education and religious purposes, etc., in the state of Israel and elsewhere. The method of raising money is by seeking donations from benefactors, friends, business and professional people. Approach is made by letter, telephone and personal calls.
## **Financial review**
The Trustees consider the results of the year under review to be satisfactory, and are optimistic about future prospects
## **Statement of trustees' responsibilities**
The trustees (who are also directors of Tel Hai Fund Limited for the purpose of company law) are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice.
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and which enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
## **Small company provisions**
This report has been prepared in accordance with the special provisions for small companies and in accordance with FRS 102 SORP.
On behalf of the board
## **Trustee**
25 November 2024
**Page 2**
## **Tel Hai Fund Limited**
## **(A company limited by guarantee)**
## **Statement of financial activities (incorporating the income and expenditure account)**
## **For the year ended 31 March 2024**
|**Unrestricted**
**funds**
**Notes**
**£**
**Incoming resources**
Donations and legacies
79,824
Other income - Income tax recoverable
-
**Total income and endowments**
79,824
**Expenditure on charitable activities**
Distributions to Charitable institutions overseas
91,194
Distributions to Charitable institutions in the UK
-
91,194
**Other expenditure**
Consultancy and secretarial expenses
13
Accountancy fees
1,080
Bank charges
33
Printing, postage, stationery and advertising
-
Sundry expenses
-
1,126
**Total expenditure**
92,320
**Net income/(expenditure) and**
**movement in funds for the year**
)
(12,496
**Reconciliation of funds**
Total funds brought forward
44,064
**Total funds carried forward**
31,568|**2024**
**Total**
**£**
79,824
-
79,824
)
(91,194
-
91,194
13
1,080
33
-
-
1,126
92,320
)
(12,496
44,064
31,568|**2023**
**Total**
**£**
19,711
2,500
22,211
25,980
-
25,980
13
1,080
36
-
-
1,129
27,109
)
(4,898
48,962
44,064|
|---|---|---|
The statement of financial activities includes all gains and losses in the year and therefore a separate statement of total recognised gains and losses has not been prepared.
All of the above amounts relate to continuing activities.
**The notes on pages 6 to 7 form an integral part of these financial statements.**
**Page 3**
## **Tel Hai Fund Limited**
## **(A company limited by guarantee)**
## **Balance sheet as at 31 March 2024**
|**Notes**
**Current assets**
Cash at bank and in hand
**Creditors: amounts falling**
**due within one year**
5
**Net current assets**
**Net assets**
**Funds**
6
Unrestricted income funds
**Total funds**|**2024**
**£**
**£**
32,648
32,648
)
(1,080
31,568
31,568
31,568
31,568|**2023**
**£**
**£**
45,144
45,144
)
(1,080
44,064
44,064
44,064
44,064|**2023**
**£**
**£**
45,144
45,144
)
(1,080
44,064
44,064
44,064
44,064|
|---|---|---|---|
||||44,064|
||||44,064|
||||44,064|
The Balance Sheet continues on the following page.
**The notes on pages 6 to 7 form an integral part of these financial statements.**
**Page 4**
## **Tel Hai Fund Limited (A company limited by guarantee)**
## **Balance sheet (continued)**
## **Trustees statements required by the Companies Act 2006 for the year ended 31 March 2024**
In approving these financial statements as trustees of the company we hereby confirm:
(a) that for the year stated above the company was entitled to the exemption conferred by section 477 of the Companies Act 2006 ;
(b) that no notice has been deposited at the registered office of the company pursuant to section 476 of the Companies Act 2006 requesting that an audit be conducted for the year ended 31 March 2024.
(c) that we acknowledge our responsibilities for:
(1) ensuring that the company keeps proper accounting records which comply with the requirements of the Companies Act 2006, and
(2) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit or loss for the year then ended in accordance with the the provisions applicable to small companies subject to the small companies regime and in accordance with the FRS102 SORP.
The financial statements were approved by the board on 25 November 2024 and signed on its behalf by
## **J Graus**
## **Director**
Martin Rankoff (Nov 25, 2024 14:32 GMT)
## **M Rankoff Director** Michael Lee
Michael Lee (Nov 29, 2024 09:05 GMT)
## **M Lee Director**
**The notes on pages 6 to 7 form an integral part of these financial statements.**
**Page 5**
**Tel Hai Fund Limited (A company limited by guarantee)**
## **Notes to financial statements for the year ended 31 March 2024**
## **1. Accounting policies**
The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year and the preceding year.
## **1.1. Basis of accounting**
The financial statements are prepared under the historical cost convention and in accordance with the Statement of Recommended Practice (Accounting for Charities) (SORP 15) and the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
## **1.2. Cashflow**
The charity has taken advantage of the exemption in FRS1 from the requirement to produce a cashflow statement because it is a small charity.
## **2. Charitable donations**
||**Overseas**|
|---|---|
||**donations**|
||**£**|
|Ashkalon Foundation|8,028|
|Beyad Petucha|12,058|
|Brit Yoseph Yitz|24,177|
|Cat Association|1,627|
|Hachzokas Torah|5,000|
|Ichud Shivat|9,025|
|ISEME Project|5,027|
|Keren Gush Etzio|10,627|
|Maccabi Ramat Gan|5,028|
|Mosdot Neveh Tzavia|10,070|
|Shivtei Yisrael|527|
||91,194|
## **3. Employees**
## **Employment costs**
No salaries or wages have been paid to employees, including the trustees, during the year.
## **4. Taxation**
The charity's activities fall within the exemptions afforded by the provisions of the Income and Corporation Taxes Act 1988. Accordingly, there is no taxation charge in these accounts.
**Page 6**
## **Tel Hai Fund Limited (A company limited by guarantee)**
## **Notes to financial statements for the year ended 31 March 2024**
|**5.**|**Creditors: amounts falling due**|||
|---|---|---|---|
||**within one year**|**2024**|**2023**|
|||**£**|**£**|
||Accruals and deferred income|1,080|1,080|
## **6. Analysis of net assets between funds**
|**6.**|**Analysis of net assets between funds**|||||||||
|---|---|---|---|---|---|---|---|---|---|
|||**Unrestricted**||**Total**||||||
|||**funds**||**funds**||||||
|||**£**||**£**||||||
||Fund balances at 31 March 2024 as represented by:|||||||||
||Current assets|32,648||32,648||||||
||Current liabilities|)
(1,080||(1,080|)|||||
|||31,568||31,568||||||
|**7.**|**Unrestricted funds**|**At**|||||||**At**|
|||**1 April**||**Incoming**|||**Outgoing**||**31 March**|
|||**2023**||**resources**|||**resources**||**2024**|
|||**£**||**£**|||**£**||**£**|
||Unrestricted funds|44,064||79,824|||(92,320|)|31,568|
## **8. Company limited by guarantee**
Tel Hai Fund Limited is a company limited by guarantee and accordingly does not have a share capital.
Every member of the company undertakes to contribute such amount as may be required not exceeding £1 to the assets of the charitable company in the event of its being wound up while he or she is a member, or within one year after he or she ceases to be a member.
**Page 7**
**Charity number: 266913 Company number: 01151421**
## **Tel Hai Fund Limited**
**(A company limited by guarantee)**
**Trustees' report and financial statements**
**for the year ended 31 March 2024**
## **Tel Hai Fund Limited (A company limited by guarantee)**
## **Contents**
||**Page**|
|---|---|
|Legal and administrative information|**1**|
|Trustees' report|**2**|
|Statement of financial activities|**3**|
|Balance sheet|**4 - 5**|
|Notes to the financial statements|**6 - 7**|
## **Tel Hai Fund Limited (A company limited by guarantee)**
## **Legal and administrative information**
|**Charity number**|266913|
|---|---|
|**Company registration number**|01151421|
|**Registered office**|45-46 New Bond Street|
||London|
||W1S 2SF|
|**Trustees**|J Graus|
||M Lee|
||M Rankoff|
|**Accountants**|Alexander & Co (Accountancy) Limited|
||7 Murray Crescent|
||Pinner|
||Middlesex|
||HA5 3QF|
**Page 1**
## **Tel Hai Fund Limited**
## **(A company limited by guarantee)**
## **Report of the trustees (incorporating the directors' report) for the year ended 31 March 2024**
The trustees present their report and the financial statements for the year ended 31 March 2024. The trustees, who are also directors of Tel Hai Fund Limited for the purposes of company law and who served during the year and up to the date of this report are set out on page 1.
## **Objectives and activities**
The principal activity of the company throughout the year has continued to be that of raising money for education and religious purposes, etc., in the state of Israel and elsewhere. The method of raising money is by seeking donations from benefactors, friends, business and professional people. Approach is made by letter, telephone and personal calls.
## **Financial review**
The Trustees consider the results of the year under review to be satisfactory, and are optimistic about future prospects
## **Statement of trustees' responsibilities**
The trustees (who are also directors of Tel Hai Fund Limited for the purpose of company law) are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice.
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and which enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
## **Small company provisions**
This report has been prepared in accordance with the special provisions for small companies and in accordance with FRS 102 SORP.
On behalf of the board
## **Trustee**
25 November 2024
**Page 2**
## **Tel Hai Fund Limited**
## **(A company limited by guarantee)**
## **Statement of financial activities (incorporating the income and expenditure account)**
## **For the year ended 31 March 2024**
|**Unrestricted**
**funds**
**Notes**
**£**
**Incoming resources**
Donations and legacies
79,824
Other income - Income tax recoverable
-
**Total income and endowments**
79,824
**Expenditure on charitable activities**
Distributions to Charitable institutions overseas
91,194
Distributions to Charitable institutions in the UK
-
91,194
**Other expenditure**
Consultancy and secretarial expenses
13
Accountancy fees
1,080
Bank charges
33
Printing, postage, stationery and advertising
-
Sundry expenses
-
1,126
**Total expenditure**
92,320
**Net income/(expenditure) and**
**movement in funds for the year**
)
(12,496
**Reconciliation of funds**
Total funds brought forward
44,064
**Total funds carried forward**
31,568|**2024**
**Total**
**£**
79,824
-
79,824
)
(91,194
-
91,194
13
1,080
33
-
-
1,126
92,320
)
(12,496
44,064
31,568|**2023**
**Total**
**£**
19,711
2,500
22,211
25,980
-
25,980
13
1,080
36
-
-
1,129
27,109
)
(4,898
48,962
44,064|
|---|---|---|
The statement of financial activities includes all gains and losses in the year and therefore a separate statement of total recognised gains and losses has not been prepared.
All of the above amounts relate to continuing activities.
**The notes on pages 6 to 7 form an integral part of these financial statements.**
**Page 3**
## **Tel Hai Fund Limited**
## **(A company limited by guarantee)**
## **Balance sheet as at 31 March 2024**
|**Notes**
**Current assets**
Cash at bank and in hand
**Creditors: amounts falling**
**due within one year**
5
**Net current assets**
**Net assets**
**Funds**
6
Unrestricted income funds
**Total funds**|**2024**
**£**
**£**
32,648
32,648
)
(1,080
31,568
31,568
31,568
31,568|**2023**
**£**
**£**
45,144
45,144
)
(1,080
44,064
44,064
44,064
44,064|**2023**
**£**
**£**
45,144
45,144
)
(1,080
44,064
44,064
44,064
44,064|
|---|---|---|---|
||||44,064|
||||44,064|
||||44,064|
The Balance Sheet continues on the following page.
**The notes on pages 6 to 7 form an integral part of these financial statements.**
**Page 4**
## **Tel Hai Fund Limited (A company limited by guarantee)**
## **Balance sheet (continued)**
## **Trustees statements required by the Companies Act 2006 for the year ended 31 March 2024**
In approving these financial statements as trustees of the company we hereby confirm:
(a) that for the year stated above the company was entitled to the exemption conferred by section 477 of the Companies Act 2006 ;
(b) that no notice has been deposited at the registered office of the company pursuant to section 476 of the Companies Act 2006 requesting that an audit be conducted for the year ended 31 March 2024.
(c) that we acknowledge our responsibilities for:
(1) ensuring that the company keeps proper accounting records which comply with the requirements of the Companies Act 2006, and
(2) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit or loss for the year then ended in accordance with the the provisions applicable to small companies subject to the small companies regime and in accordance with the FRS102 SORP.
The financial statements were approved by the board on 25 November 2024 and signed on its behalf by
## **J Graus**
## **Director**
Martin Rankoff (Nov 25, 2024 14:32 GMT)
## **M Rankoff Director** Michael Lee
Michael Lee (Nov 29, 2024 09:05 GMT)
## **M Lee Director**
**The notes on pages 6 to 7 form an integral part of these financial statements.**
**Page 5**
**Tel Hai Fund Limited (A company limited by guarantee)**
## **Notes to financial statements for the year ended 31 March 2024**
## **1. Accounting policies**
The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year and the preceding year.
## **1.1. Basis of accounting**
The financial statements are prepared under the historical cost convention and in accordance with the Statement of Recommended Practice (Accounting for Charities) (SORP 15) and the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
## **1.2. Cashflow**
The charity has taken advantage of the exemption in FRS1 from the requirement to produce a cashflow statement because it is a small charity.
## **2. Charitable donations**
||**Overseas**|
|---|---|
||**donations**|
||**£**|
|Ashkalon Foundation|8,028|
|Beyad Petucha|12,058|
|Brit Yoseph Yitz|24,177|
|Cat Association|1,627|
|Hachzokas Torah|5,000|
|Ichud Shivat|9,025|
|ISEME Project|5,027|
|Keren Gush Etzio|10,627|
|Maccabi Ramat Gan|5,028|
|Mosdot Neveh Tzavia|10,070|
|Shivtei Yisrael|527|
||91,194|
## **3. Employees**
## **Employment costs**
No salaries or wages have been paid to employees, including the trustees, during the year.
## **4. Taxation**
The charity's activities fall within the exemptions afforded by the provisions of the Income and Corporation Taxes Act 1988. Accordingly, there is no taxation charge in these accounts.
**Page 6**
## **Tel Hai Fund Limited (A company limited by guarantee)**
## **Notes to financial statements for the year ended 31 March 2024**
|**5.**|**Creditors: amounts falling due**|||
|---|---|---|---|
||**within one year**|**2024**|**2023**|
|||**£**|**£**|
||Accruals and deferred income|1,080|1,080|
## **6. Analysis of net assets between funds**
|**6.**|**Analysis of net assets between funds**|||||||||
|---|---|---|---|---|---|---|---|---|---|
|||**Unrestricted**||**Total**||||||
|||**funds**||**funds**||||||
|||**£**||**£**||||||
||Fund balances at 31 March 2024 as represented by:|||||||||
||Current assets|32,648||32,648||||||
||Current liabilities|)
(1,080||(1,080|)|||||
|||31,568||31,568||||||
|**7.**|**Unrestricted funds**|**At**|||||||**At**|
|||**1 April**||**Incoming**|||**Outgoing**||**31 March**|
|||**2023**||**resources**|||**resources**||**2024**|
|||**£**||**£**|||**£**||**£**|
||Unrestricted funds|44,064||79,824|||(92,320|)|31,568|
## **8. Company limited by guarantee**
Tel Hai Fund Limited is a company limited by guarantee and accordingly does not have a share capital.
Every member of the company undertakes to contribute such amount as may be required not exceeding £1 to the assets of the charitable company in the event of its being wound up while he or she is a member, or within one year after he or she ceases to be a member.
**Page 7**
CHARITY COMMISSION
FOR ENGLANO AND WALES
Independent examiner's report on the
accounts
Section A
Independenl Examiner's Report
Report to the trustee81
members of
I EL kAI Fvknfj Uilj
On accounts lor the year
ended
31 NIJR(11 b14
Charlty no
lif any}
Olio Ikll
Sot out on pages
I report to the trustees on my examinalion of the accounts of th8 above
charity (Ihe Trust") for the year ended
R8sponsibi15tles and
ba31s of report
As the charity's trustees, you are responsible for the preparation of the
accounts in accordance with the requirements of the Chanlies Act 2011
('the Act'l.
I report in respect of my examination of the Trust's accounts carried out
under section 145 01 the 2011 Act and in carrying out my examinatson, I
have followed all the applicable Directions given by the Charrty Commission
under sedion 14515}{b) of the Act.
Independent
examlner's statement
I have completed my examination. I confirni that no materi81 matters have
come to my attention in connection with the examination latbeL
scl0$> vthich gives me cause to believe that in, any material
respect".
the accounting records were not kept in accordance wlth section 130
of the Charities Act, or
Ihe accounts did not accor(I wrth the accounting ords., or
Ihe accounls did nol comply with the applicable requirements
concerning ihe form and content of accounts set out in the Charities
{AGGounts and Reports) Regulations 2008 other than any requirement
Ihal the accounts give a 'true and fair, view which is not a matter
considered as part of an independent examination.
I have no Concems and have come across no other matters in connection
with the examination to which attention shovld be drawn in Ihis report in
order to enable a proper understanding of the accounts lo be reached.
. Please delete the words in the brackets if they (*) not apply.
Signed:
Date:
Iq lil
Name:
LMt*
Relevant professlonal
quallf Icatlonls) or body
F(J- (ISIG
IER
Oct 2018
(if any):
Address:
Section B
Disclosure
Only complete if the exarniner needs lo hi9hlight material matters of concern
(see CC32, Independent examination of charrty accounls.. directions and
guidance for examiners}.
Glve here brlef detalls of
any items that the
examlner wlshè8 to
dlsGlo$e.
IER
Oct 2018