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 2025
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 | 2 Mill Street |
| London | |
| W1S 2AT | |
| 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 2025
The trustees present their report and the financial statements for the year ended 31 March 2025. 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
16 June 2025
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 2025
| Unrestricted funds Notes £ Incoming resources Donations and legacies 45,908 Other income - Income tax recoverable 2,515 Total income and endowments 48,423 Expenditure on charitable activities Distributions to Charitable institutions overseas 56,266 Distributions to Charitable institutions in the UK - 56,266 Other expenditure Consultancy and secretarial expenses - Accountancy fees 1,080 Bank charges 29 Printing, postage, stationery and advertising - Sundry expenses - 1,109 Total expenditure 57,375 Net income/(expenditure) and movement in funds for the year ) (8,952 Reconciliation of funds Total funds brought forward 31,568 Total funds carried forward 22,616 |
2025 Total £ 45,908 2,515 48,423 ) (56,266 - 56,266 - 1,080 29 - - 1,109 57,375 ) (8,952 31,568 22,616 |
2024 Total £ 79,824 - 79,824 91,194 - 91,194 13 1,080 33 - - 1,126 92,320 ) (12,496 44,064 31,568 |
|---|---|---|
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 2025
| 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 |
2025 £ £ 23,696 23,696 ) (1,080 22,616 22,616 22,616 22,616 |
2024 £ £ 32,648 32,648 ) (1,080 31,568 31,568 31,568 31,568 |
2024 £ £ 32,648 32,648 ) (1,080 31,568 31,568 31,568 31,568 |
|---|---|---|---|
| 31,568 | |||
| 31,568 | |||
| 31,568 |
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 2025
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 2025.
(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 16 June 2025 and signed on its behalf by
J Graus
Director
M Rankoff M Rankoff (Jun 23, 2025 08:42 GMT+1)
M Rankoff Director
M Lee
M Lee (Jun 16, 2025 09:43 GMT+1)
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 2025
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 | |
| £ | |
| DPC Self Defence | 8,500 |
| Jerusalem Centre | 4,015 |
| Magen David Adom | 5,500 |
| Ichud Shivat | 5,715 |
| IDF Widows | 2,015 |
| Mosdot Neveh Tzavia | 6,043 |
| Yeshivot Shiloh | 24,478 |
| 56,266 |
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 2025
| 5. | Creditors: amounts falling due | ||
|---|---|---|---|
| within one year | 2025 | 2024 | |
| £ | £ | ||
| 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 2025 as represented by: | |||||||||
| Current assets | 23,696 | 23,696 | |||||||
| Current liabilities | ) (1,080 |
(1,080 | ) | ||||||
| 22,616 | 22,616 | ||||||||
| 7. | Unrestricted funds | At | At | ||||||
| 1 April | Incoming | Outgoing | 31 March | ||||||
| 2024 | resources | resources | 2025 | ||||||
| £ | £ | £ | £ | ||||||
| Unrestricted funds | 31,568 | 48,423 | (57,375 | ) | 22,616 |
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 2025
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 | 2 Mill Street |
| London | |
| W1S 2AT | |
| 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 2025
The trustees present their report and the financial statements for the year ended 31 March 2025. 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
16 June 2025
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 2025
| Unrestricted funds Notes £ Incoming resources Donations and legacies 45,908 Other income - Income tax recoverable 2,515 Total income and endowments 48,423 Expenditure on charitable activities Distributions to Charitable institutions overseas 56,266 Distributions to Charitable institutions in the UK - 56,266 Other expenditure Consultancy and secretarial expenses - Accountancy fees 1,080 Bank charges 29 Printing, postage, stationery and advertising - Sundry expenses - 1,109 Total expenditure 57,375 Net income/(expenditure) and movement in funds for the year ) (8,952 Reconciliation of funds Total funds brought forward 31,568 Total funds carried forward 22,616 |
2025 Total £ 45,908 2,515 48,423 ) (56,266 - 56,266 - 1,080 29 - - 1,109 57,375 ) (8,952 31,568 22,616 |
2024 Total £ 79,824 - 79,824 91,194 - 91,194 13 1,080 33 - - 1,126 92,320 ) (12,496 44,064 31,568 |
|---|---|---|
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 2025
| 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 |
2025 £ £ 23,696 23,696 ) (1,080 22,616 22,616 22,616 22,616 |
2024 £ £ 32,648 32,648 ) (1,080 31,568 31,568 31,568 31,568 |
2024 £ £ 32,648 32,648 ) (1,080 31,568 31,568 31,568 31,568 |
|---|---|---|---|
| 31,568 | |||
| 31,568 | |||
| 31,568 |
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 2025
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 2025.
(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 16 June 2025 and signed on its behalf by
J Graus
Director
M Rankoff M Rankoff (Jun 23, 2025 08:42 GMT+1)
M Rankoff Director
M Lee
M Lee (Jun 16, 2025 09:43 GMT+1)
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 2025
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 | |
| £ | |
| DPC Self Defence | 8,500 |
| Jerusalem Centre | 4,015 |
| Magen David Adom | 5,500 |
| Ichud Shivat | 5,715 |
| IDF Widows | 2,015 |
| Mosdot Neveh Tzavia | 6,043 |
| Yeshivot Shiloh | 24,478 |
| 56,266 |
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 2025
| 5. | Creditors: amounts falling due | ||
|---|---|---|---|
| within one year | 2025 | 2024 | |
| £ | £ | ||
| 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 2025 as represented by: | |||||||||
| Current assets | 23,696 | 23,696 | |||||||
| Current liabilities | ) (1,080 |
(1,080 | ) | ||||||
| 22,616 | 22,616 | ||||||||
| 7. | Unrestricted funds | At | At | ||||||
| 1 April | Incoming | Outgoing | 31 March | ||||||
| 2024 | resources | resources | 2025 | ||||||
| £ | £ | £ | £ | ||||||
| Unrestricted funds | 31,568 | 48,423 | (57,375 | ) | 22,616 |
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 (OMMISSION Independent examiner's report on the FOR ENGLAND AND WAIES I accounts Section A Independent Examinerfs Report Report to the truste members of I EL t4AI FuNb L-, On accounts for the year ended 31 ZoZ6 Charlty no (if any) Olis1I21 Sot out on pages I report lo the trustees on my examination of the accounts of the above charty {-the Trust") for the year ended Responslbilities and basls of report As the charity's trustees, you are responsible for the preparation of the accounts in accordan 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{51(b) of Ihe Act. Independent examiner's Statement Undert latrex8n tytse I have completed my examination. I confim that no material matters have come to my attention in connection with the examination 19tw4 4cL") lch gives me rAuse to believe that in, any material respecl: the accounting records were not kept in accordance with section 130 of the Charities Act". or the arxounts did nol accord with Ihe accounling records., or the accounts did not comply wrth the applicable requirements concerning the fomi and content of accounts set out in the Charities (Accounls and Reports) Regulations 2LK$8 other than any requirement that the accounts give a 'lrue and fair. view which is not a matter consKlered 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 lo be reached. ' Pleas& delete the words in the brackets if they do not apply. Slgned: Date". Name: 6IMs Relevant prolessional qualification(s} or body F(A ILAEbJ IER Oct 2018
{rf any>: Address: 1 MuR6AX CR65 L6 Section B Disc105ure Only complete If the examiner needs to highlight material matters of concern (see CC32, Independent examinatson of charty accounts.. directions and guidance for examiners). Glve here brlef detalls of any Items that the examlner wishes to dlscloso. IER Oct 2018