Re￿rt ofth¢ *nd
InD*NcW Ststements for the Yur E#ded 31 M*rth 2025
The Tthlld Tor•b MKhthel Tn*t
Mortin+H¢ller
and Registered Auditor

The Talmud Torah M*elth Had￿1 ThMt
Reportofthe Thiitees
for tbe Ye•T EDded 31 March 2025
The truste¢s ptcscnt their repDrt with the firwjcial stattm￿ of the charity for the year ended 31 March 202S. The
trust¢¢5 h*v¢ gdopt¢4J the provisiotL8 of A¢¢outsting and RC[rfxti￿ by Charitics.. Ststement of Recommended Pmdicc
applicabje th charities pr¢paring their accounls in actordance with th¢ Fin￿]4] Rwing StaThJard applic4bl¢ in th¢
UK and Republic of JrelaDd (FRS 1021 (effecliY¢ l Jllnuary 2019).
ObJotdv¢s
The ¢hty was fonll¢d for the advallcernent of orthothx Jewish r¢ligious tthKatiOD, atyj thc pr0nwtl￿ of th¢ otthodox
jcwish tejigion in any pan of th¢ world.To Ihis end Itle charity has m&k v¥iow gtonts ￿ th¢ Y¢￿und¢r review.
Publk IJ¢Defit
The Tn￿¢¢8 ¢oJJfm tl*ir compliance with th¢ thity to have due regard to the Public Bcncfit Buidance publ]shed by the
Ch￿lty Commission WI￿* t¢virwing th¢ Clwitys aiEnS And obitttives in p]&miin8 fifftJr¢ 4¢¢iviliES.
ACHIEVKMKLYfs AND PERFORMANCE
thring the year the dwity conihrtued to rdT8C funds. aDd appty the fimds ID fj)ttb¢Rn¢¢ of its obJ￿￿¥t5. Th¢ n¢w school
I￿lIding has complcted since the balarKc date armt is now it) (Kcupation.
NANC￿ RE￿lw
DuTiD8 the year, tbe ¢harity's ancoming resources ¢xce¢ded the outgoing resowces. The trustees are satisfied wtth the
Jywlts foT the yw. The ￿￿*t#S do maintsin reserves. other than to eAsurt thai run continue the
aclivities of the dwity.
The charity is Consti￿ted aT¥J governed by a Ik￿1 dated 12 July 1975.The Ch￿tty is mEnaged controlkd by
the trustees, whomeet re8ulatly
It is llot the int¢lltion of ¢be ¢rnstees of th¢ tsity to oppoini ￿Y ncw trustees. Should the situation change in the
fubJr4th¢ tr￿teeS will apply suitsbk Twruitment Inducti￿ and trainingpro¢￿￿re$.
Bisk mana8ement
The truskes have identified aJLd reviewed th¢ major risks w which the ¢barity is exFwd.Both rnanu￿ ￿ornated
k5 regularly invok¢d, pOrt￿VIST1Y those relating to the oper8tiOtLS and fin8ts¢¢ of the dJarity.Tr trust￿ w¢
5&tisfied thai these systrrns prc<edures mitigak ary per¢¢ived risks.
REFERENCE AND ADMINIsTRA￿E DETAIIS
Reglrtertd Chorfty number
271693
PrlnrlpAI address
34 H¢athlatLd Road
NIO 5LZ
TrMstet4
J Baumyrten
Y M Sknmltttht
Mjwind
Audltors
M4rtTn+Hell¢r
And ReKLStu&J Auditor
PAge I

The T•lrnlld Tornh M*eknlkel H•d*K ThIrt
Report•)fthe Trnit¢
for the Ye•rEDd¢d JI March 2025
STATEM￿0FTRVSTEES. RESPONSIBJLrriES
Th¢ tnJstee$ 4re reS[￿n5Th1 le for pr¢F*zo)s the Repjrt of the T￿$￿$ and the financial slatern¢nts in at￿r09￿ce with
an)lic4ble18w aTMI Unitd KKagikni Ac¢owLtin8 Stamdyrds (United KiD8dom Generally th￿tra Accountin8 Practice).
Cbr¢ty law reqwe8 the tnJ5t¢C5 to rn finattcial Styt¢m￿ts for ¢¥h filw￿la1 ycsr. Undu l•w, the trwt¢¢8 ￿ve
eknt&l to pry&r¢ th¢ fiTJan¢ial statemenls in accordattce witb United Kingkn G¢neAlly Accemoj Accounting Practir£
(UDi*d KJn8domAcc¢kn8 StaTLdard5 and 4ppb'¢abk ]aw).
Ulld¢r law the tTWtees rnwt Dol th¢ fJDanci81 statrmtnts uty1￿ they are satisfied that they give 8 tru¢
hir view of the state of affairs of th¢ ¢hartty and of the incomirtg YestyJTces and application of r¢source4 inchJdin8 the
irKome and expendiiur¢. of the chwity for that Per￿d. kn Eryarin8 th05¢ finatKiiI s¢attme￿. the t￿￿ceS are wuited
8ekct ￿l￿b]e I¢¢th￿tiNg policies arAI thenaFoty th¢m ¢0ts8id¢Ddy.
. ¢)bxrv¢ the n￿th0th and prI￿1pk5 ID th¢ Chariti&8 SORP,
. stste whethEr appl*8ble accoLtyJlin8 8tandar& ￿v¢ been followe4 thicct to ony mawial d￿art￿tt di￿O&ed and
l•lti￿ th the fmancial statemen
. pr4we the fiDaTKiaJ stst¢m¢nts on th¢ 80ing ￿￿ern basis unk8s it 18 iwjpropriwte to prrfum¢ thst th¢ ckntty will
Tr trustees are Te5PDn5ibl¢ for ke¢pitig prow ￿¢0¥￿ting rc¢ords wbi¢h dis¢108¢ with re￿￿1¢ at any bme
the finaDcial position of thc ¢h￿lty fturf lo enable thetn to ensure that the fnfncial stat¢m¢nts ¢omply with the Ch￿'lle5
Act 2011 and The ChoTity {Accouttts and Reports) Regulations 2¢M)8. Iley are also r¢sp)nsible for 5afe8uarthng the
ets of the charity and hcTKC for tsbing Msonable sw5 for ts w¢Thtion and detection of frwd and otbet
itre8ulatitie5.
Apprnvpj by (ffder ofthe board ofthtsttts rn............ .
.. 8ttd 8i8ti¢d on its beba]f by:
M J Wind. Trustee .

Roport gf th¢ l•d4)tndent Audlt•rs to the TTUStees of
The Talmud Torah Machzikel Had￿5 Tru
We hav¢ )udi*d the financial statement5 of The Talmud ToT¥th M#¢b•kni Had￿ TnLqt {the'charitrf) for the yeor end¥d
31 March 2025 wbi¢h Gomprise Stst¢ment of FiJJancial A¢tiMties. the BAiance StL¢eL the Cksb Flow Statrment &)d
t¢s to th¢ fLoan¢iai statement4 iTJcluding a Sumrn￿ of si￿1]fiCant *¢QUDtin8 P)licieB. The rjn￿lI1 rcportiDg
framewo￿ that has been app]ied in thcir prwtiOTr 1$ w]i¢abl¢ jaw and United Kingdom AccounliD8 StsDdards
(Unitvl Kmgdom GM¢r•lly A¢e¢pW Accountin8 Practice).
In ourroinion the financia] slatements:
give a truc otsl faw vicw of the stsie of the ¢h8rity5 affairs ￿ at 31 MaTch 2025 and of its incoming r¢sour¢es
appli¢atiw ofwixjw forthe ye8r ¢nd￿,.
have bcen PTOPErlyprcpar¢d in accordance with UDit¢d Kin8dom ￿￿allyAC¢eY￿l Accounling PrJ¢ti¢e" and
hav¢ been prepor¢d iu A¢GOtdw¢ with lh¢ requirements of the Cjwilies Act 2011.
￿￿1$ for opknloD
Wt coThJu¢ted our awjit in a¢¢ordm¢e with International sta￿J￿th OTr A￿J11]ng (UK) asAs IUK)) and a￿ll¢able 14W.
(kn ffsponsibilib.es those stattd8Tds are fithhcr described in th¢ A￿Jtt0yS, resp0nsÈbilili￿ for th¢ audit of the
financial sratrments section of our reFQrt. We indep￿1 oftt* ¢harity in a¢¢ordw with the #hical requiTements
that aTE Tclryant to our audit of the fiDaDciaJ stot¢ment$ the UK ittcludiD8 the FRC'S Ethical Standard, w¢ have
fvlfilled our o11￿ rihi¢al rwKkll5ibilitic5 in ac¢ordance with tlb¢S¢ ￿quI￿r￿c￿ts. We belicvc thal the lludit eviden¢¢ we
have obtsttwl isswfficiem and appropria* toprovide a I￿lS forour Opini￿b.
In )uditin8 the financial 6tatements, we have tot)cluded that thc tn￿, use of the going ¢oJwn basis of accountin8 in
the preparation of the stal¢m¢nts is aptwria
Based ort the work wc have ￿rf0ml¢d, we have noi id¢ntified any material urtcertaiTEties r¢latin8 to tvcnts or ￿ldi￿O
that, indivthally or ¢o]l¢¢tively, $i8m'fic&nt dou￿ on tb¢ charitys ability to ci)ntiDuc a$ a goiti8 ¢on¢erll for a
PEfiC4] of at least nyefve months from whcn the financia] st&tern¢nts we Allthoyised for issue.
Ow respm$ibiliiieB the Yest￿*1b1]Itte& of the In￿tteS with rcsPXt io going con¢trn are d¢s¢ribed in the relevffjt
ions of thi5 report.
The truslees arc re$F￿nSIb￿ for the other Inforn￿tIOD. The oth¢r irtfornwtion ¢ompri8¢s Ibt information iochthled in the
Annwl RepoTL other than th¢ fmanrial ststemcnts aTMI our Re￿rt of Ihe lTrth￿ Audito￿ thereo
Our opinion on the financial statements does not cov¢r the tsth¢r infonmtion ¢xc¢pt to the extent otheThwse
¢xpli¢iliy s¢#*d in ￿Tr¢PO¢ we apress any form of &$suraDc¢ ¢￿lUsionthereon.
In c4)Dne(tion with our audil of tlle fLllarKial 51atem￿lS our ￿SPOIl5]bIlity is to read the other information and. trx dom8
80, ¢ot)sider uthether the other inforniatiort 1$ tha￿JaI]Y In￿nSiS￿nt with the finarKial 5tatrm¢nts or our knowledgc
olthi￿] in the audtt or otlKrwise appears to be mai¢Ty8lly mi551attyl If we idetttify su¢h material in¢onsiswcl￿ or
appmt mit¢rial mi&8tsi¢m¢nts, wc 4r¢ Tcquird to d¢ttmiine whether thi8 8ives rise to a rnateriol misstslement in the
fDwttcial statements thems¢lves. If. b&*&l on the work we have p¢rforned. we conclud¢ that ihett 1$ o mat¢rial
mis5ts*mart of this oth¢r infornation, we a[erequ￿td to report that fo¢t. W¢ have th)thing to wort in this regard.
M*tten on w¢ gr¢ requlrtd to rel￿ by ¢xtepllon
W¢ bavc nothmg to ryort in rcspc¢t of the folloBing ￿￿tter$ whw¢ the Ciwiii¢s {AC¢o￿ts and Re￿) Regulati￿1
2￿8 r¢qUit￿ us ¢0 rw¢ to you if, in our OPiDiOn'.
inforn)atiot) Biven in the Re[￿ of the Tn￿eeS is iTKonsi5tent in any m&teri￿ rewt with the financial
sufficierkt accouniiri8Te&)rds have ttot been kept. or
the fillAnCI￿ sthtemcDts are not in agreement with the #ttoulltingr¢¢ords andr¢nwllS; or
w¢ have notre¢¢iv¢d all artd ¢xplkrtations we require for our audit.
Po8¢ 3

Reportof th¢ IDdtptntht Audltor5 ts tbe of
TheT*lnwd T•r•h Mgthzlkol Had*s* TTWt
Rup•nthllltlu of trniteu
As explaffted fjjljy in thc Sts*m¢nt of Trv51eeg R¢sw]bititi￿ the tr￿treS are r¢sponsibl¢ for the prepaTalion of
the fuwiciaj stst¢ments wbicb give a and fw view. and for 8￿ch iDtanai CO￿trol as the trustees deterniitt ks
r￿£$WY to ¢￿b]e the prygrntioD of fJnaD¢iil $tatements that are fr¢¢ from tll8terial rni55È•temenL wh¢th¢r to fr•ud
i)n¢ern, disclosin& a8 applicable. Tmtrers rel2led to 8oin8 concern and u5iDg the 80iDg concern basis of a¢¢ountin8
Ullle6s th¢ tr￿eeB ethcr intend ￿ liquithie the charity or to cease (watsofj4 or have ELO reali￿1¢ 8lt¢maiiv¢ bui to do
Pa8e 4

Report of the Independent Audltors to tbe TrMthe& of
Tr T*lmlld Tor•b Machzikei HId￿l Trust
04T re5PODslbilties for the Xudltof the fiBAndal thtements
We hav¢ bett) aPPOiDtd 85 audiknts un(kr Scclion 144 of the Charities Act 201 l aThd report in a¢cordance with the Act
aTKlTrlevallt tesu18tion8 rn*Je orhavin8 effttt ther¢uth.
(kn Obi￿tIveS •r¢ to obtam reas￿ble 85SUTance aix)ui whcthcr the fin8ncial statertxnts &8 a wholc arc fttc )IDm
material misstatement, whether due to frdud or WOT, and to IS￿ a Rewrf of the IndeP¢n￿ Auditors that ]￿ludeS our
OPiJJiOD. Rcas0r￿ble &8¥llraJv is a hi8h level of bw is not a 8urntre tbat an audit ¢OtytL￿ in 8¢¢ordanct
wAth ISA$ IUK} wxll aJway5 dcts¢t a matcrial missthtemen( when it exists. Misstatements can arise from fraud or ¢uor
and are co￿lde]E￿ mlterial tf, inth'Yidua]ly or in the aggregat4 they could rc&wnably be expceted to influeDce the
c￿￿￿1¢￿1310￿s of weTS taken ott the ￿$1$ of th¢s¢ fiE￿I¢l￿1 slatun¢n
Tr*extentto whi¢h owproc¢dutts are ¢ap8ble old¢tfctsDg 1￿C8Ul￿1ti¢S. includin8 fraud i8detsilc4J below.
l*'ti¢s, ]￿b]dIng are iDst8nccs of n0nwlk8￿e ￿ law3 and re8uJations. We deBi8D prncedure$ in lin¢
with our T¢Sp￿￿1b1lItit$, outlit)ol aiKTrve. to detect m&terial mi58tstements Ttl reSp￿t of i￿&￿arlI]4 includtng fraud.
The exter1t￿ wkn.choutpT(*¢dW￿ Are c4xble of d&e¢ting iTwlaritics includ￿8 fraud 15 ¢ktaLitAi belov.
- We assess Compliance with applicable ￿￿S and Tegulations that could reasonably be ex￿led ¢ohave a
rnatuiai eff¢ct ott the futhocial 5tst¢m¢nt5. The kcy laws alld te8uJatioDs we have coasidered in this ¢ont¢xt included the
Charities SORP (FRS 102). In Addition. we have consithred provi5iOJL8 of other law5 and rwlations th&1 do hav¢ 8
dircct effect on the fythtt¢ial $rat¢m¢Dts bu¢ complianct wÉth which may bc fill￿￿tal to the compan￿5 abiisty to
opernlc or to avoid a msterial penalty. The extei)I to which our proc¢dur5 ar¢ wablt of d¢lKting ITr¢gulaTiti¢5,
ineludth8 fraud 15 ikniiltyj bclow. Based on the results of our riyk assessment we desJ8Led our auth"t proced￿ to
identify non4Lxmipli8nce with sudj laws ond r¢gulatiow id¢ntified abovc.wc di5CUS8cd with man8gement the exttTrt of
compliaDc¢with those lttws Ind r¢gulalions ￿ wtof ow avdÉiprrKedwtt.
- Wc addrtS5 the risk of fraud through manag¢rn¢ni ovemde of Control& by obtaining an un&ts¢anding of internal
¢orttroI Attd by desi8Ding a￿11[ procedurts thsi ore ond $uffi¢ient. We ev•luated the appropri8tertess of
¢￿￿nI]ng ￿liCit5 Uscd and the reasonableness of a¢countiJJ8 ¢51imaTrs and judgemenis mlde by management. We
Identsfied &fjd •s5e55ed any sigDificant transactions that are unusual or outside the noTmal cowse of busit)¢4 ond we
iDCOryA)rated testing of malm￿lJOUT￿aI ¢ntri¢s ar*1 ¢OTrections into our a￿lIt approxh.
-OLrath"t rffocedw were d¢signed tti id¢rtify and asses5 Ttsks ofmaterial mis5tatemcnt in thc finatKial
Stalem￿. whether due io fraud or crror. The nsk of Mt d&ecting a material mi*stat¢Tnentdue to fratyj 1$ higher
tkntt the risk of not thteckng ODC resultmg from em>r. as fvud involve coll￿811)￿ forgery. tymT5510n&
misrepreseniafton8 ￿ mpn4geTttht override of control& We cornmunic￿ed identified law5 and regulations th p)i¢nti81
fr8ixI ri5k5 to all ensa8emeiit team m¢mbers remained alert to w ￿dI<￿tiOnS of fraud or non-compliance with laws
artd rtguiations ttwwghout thc audit. The engagement partner corL8idets the en8agem¢nt team collectively hid the
opprfyiatr t4)mw￿¢ and capabilitie5 to i(kntify OrIe￿gniZeDo￿Co￿ljallet with laws and re8d&ti￿.
.Th¢r¢ ore Mtherent limitations in the audit ]Kocthr¢s descnbed aFA)ve 2t)d th¢ fijstrr r¢tnovd rd)tbtorylian¢e with
laws re8ulatiorts is ftom the events and tEar￿CtionS reflected in the finaticial ststements, the less likely we would
bcwm¢ of IL A]so. the rt8k of t￿1 dettcting R m&terial tnisgtatement du¢ to fr#ud is higher thon th¢ risk of not
Olle froin error. as fraud may involve dcliFmte conceahnmt by. for ¢xampl¢, forg¢ry or intentional
mistepresentstioo or I1￿￿U¥h ¢ollusioTh Our re5pon517>KIiry i5 to concluth whether the finarKial 5ratements represenl the
UDdcTlyin8 fiuncia] position and 2Ctiviti¢s of the Charity 10 eDSUte that the oyerall content and PTe8entstion of the
fill￿￿[ Slalan￿t9 gives a fakr view.
A furthcr de5criplion of our rtsponsibititie$ for th¢ audtt of lh¢ finaTKi41 stst¢rn¢Dts is located on th¢ Financial Reporting
Couneil's w¢bsite at www.frc.org.uklauth"torsrespotLsibilitics. This desutption forn)s Pan of our Reptxl of thc
JW¢nt Audt'tws.
PaB¢ 5

Report of tke IDdependeDI Aydlt•rs to the Trmrtets of
Tht T•1m￿d Tor*kn M*¢hzlkd H•da$•Trn
ofoxr report
This report is TrwJ¢ the trUSt¢¢s. as a brxty. K¢Onl￿(C with Part 4 of the Chariti¢5 (Ar￿￿￿￿ and
R4)rrt%l Rc8ulatiorts 21K)8. Our audit wthk has been uDd¢rfsk¢n 80 that we migtrLt stst¢ ts the ¢h8ritys lJusttt8 th08e
rn&tta5 we are wyirnl to stsie to them in an #vthtors, r¢m and for no othcr pwF¥h5¢. To th¢ fullest extent pcnDittthl by
14w. we thi not accept or Te5ponsibility to allyonc other than the ¢h*rity sod the ¢Trwitys ITUSt¢¢s a5 0 lyyty, for
MaTtin+Helkr
and RegisteRdAwli¢or
Page 6

The Tor•b M•¢lbthwl Had*siTrust
S¢#twe#t •fFlwid•lA¢llvlllu
forth¢ Ye•r Ended 31 M•rth 2025
31.325
UDTe5tricted
31.3.24
Totsl fij
No*s
INCOME AND EIYDOWMEM FROM
172.143
59249
596,1
677200
Tot*1
766.143
736,449
ExPEND￿vRE ON
Donations
137.402
51.750
635J53
672,963
Tot*J
772,755
724.713
NET INCOMWXPENDITURE)
14.612)
11.736
Totsl fillth brougbt foThward
15260.875
15,249.139
15,256263
15260,875
Page 7

The Talm￿lTOrab Ma¢hzlkel H*dw
B*Jan¢¢ Sht¢t
31 Mweh 2025
31.3.25
31.3.24
Total fwyjs
TAwlyle as%ts
41.964
23.639.313
52.455
23,443,334
io
23,681.277
23,495,789
334448
34,278
338,448
18.226
Cath atbank
372,726
356.674
CREDITORS
Amounts fall￿8 due within on¢y¢ar
12
11.461,7511 {1.412,489}
CURRENT ASS
11,089.025) 11.055.815)
LIABiLrnES
22,592,252
22.439.974
13
(7.335.989) {7,179.(P)91
NET ￿ETs
15256263
15260,875
FUNDS
Unre5tricbJ fijt￿s
15
IS2S&263
152fKI,875
TOTAL TrIJNDS
15,256263
152fAI,875
Thc fÈTthti¢￿ 8tst¢meDts were aFvroved by the Board of ThJsl¢¢E and author1￿1 for isslle
.. and were siglled on its behalf by:
M J wi￿.-I￿.'tCe
Page 8

The T•nh M*¢hTJkel Ridw Tru
Clsh Flow St*ttrn￿t
for the Yt*r Ended 31 Mar¢b 2•25
31.3.25
31.3.24
C•th Ilows from operntint￿tle¥
663.907
(608,141)
793,327
(642,448)
NeteaslLproiidtyJ by o￿ti￿gactIvities
55.766
150,879
Purcbase ofiDV¢S¢m¢ntproperty
(195979)
Netcaslt used ID illvesting a¢tiVifie5
(69,708)
(195.979)
169.708)
Cath ljtsws from I￿￿¢1￿8 #cthid
New loAtLS ity ye4r
156,890
(242711
15A890
(24.271)
ch￿£¢ ID ca8h equlv•lt•ts
the ryioTlkne period
Casb cath e441￿￿ts 4t the
oftht reportsD8 perlod
16.677
5(
17.601
#Dd tq8h ¢qulvaleDts *t (be end •r
{39299}
34278
17,601
The form p*t oftkn ftsjancial ststrnts
Pa8e 9

The Tor¥h mach￿ H•dw$Trust
Notes to the C¥h
for thtyew Ended 31 Mareh 2025
RECONCILIATION OF NET (EXPENDITUREWCOME TO Nrf CASH FUPW Thom
OPERATINC AcfiviTILS
31.325
31.324
Net (upeDditsreythtome (fyr the r¢porllni peTl•d {# per Ihe
ststeweDtof FAll￿dI1 Atthitlesl
Adj￿1￿0t￿ts for.
(4.612)
11,736
10.491
fi18,141
13.113
642,448
42.468
83,562
Irker¢5t yid
49.887
Net cmb pr•vidtd by
663,907
793,327
ANALYSIS OF CASH AND CASH EQUIVALENTS
31.3.25
31.3.24
Notice dry￿lts Oess than 3 moDthJ)
34,278
18226
{6251
Totsj cth andcth equivAlents
34278
17,601
ANALYSISOF CHkNCES IN DEBT
At 114124
Ctsh flow
At 3113r25
C95h *bank
18226
{625)
16.052
625
34278
17,fAII
16.677
34278
Debts fallin8 du¢ within l year
tkbts falling du¢ atl¢r l yeaT
1501.332)
(7,179.099)
(501.3321
(156,$90) CI335.9891
(7,680,431)
(156,890) (7,837,321)
Tots]
17.662,830)
{140213) {7.803.043)
Th¢ n(rtcs fonn Fwt of fuM)wl stht¢ments
Page 10

Tbt T*lmud Torah l¥la¢h￿k￿ Had*¥s Tnut
to the FSDaDc&al St4*ements
for the Ytlr Ended 31 Ma￿h 2025
ACCOUNTING POLICIES
is of prepArint the fiA#nd41 st*t¢ments
The fjD&ts¢ial stawoents of the charity, which 1$ a publi¢ b*Jefit eiktity undeF FRS 102. hav¢ b¢eD prepared
a¢¢OTdaT￿ with the (Iwitits SORP (FRS 1021 'A¢countillg and ReiKxting by Charities". Stattrnetst of
Recomm¢nded Pwtice applicable io cknities preparitig their a¢com)ts tn aC￿r￿U¢e with th¢ Fttidn¢ial
Reponmg St8ndard appJi¢&ble in tbe UK and Rewblic of Iteland (FRS 102) (effe¢rive l 2019),.
Fina#cial Re[￿n8 Stsjjdthl 102 The Financia] Reporting Statmlard appli¢able in the UK and R￿￿blIC of
Iffl•nd' and the ChaTitie$ Att 2011. Thc stst¢m¢nts b8ve be¢n pr¢pared unthr th¢ ba5torical co
eonventiott.
In¢oJDe
AU 1$ TecogD>sed in the Statement of Finallcial Adiviiies once tbe ¢hon"ty kn entitlcrn¢ftt to the fiuhJ& it
15 probabk thai the income will b¢reteived 4nd the aTnount can b¢ measwed ￿1￿&bly.
E￿ndI￿re
Liabl￿tIeS are rttognise4] t8 ¢XPtnth'tJlle #5 soon as there is 8 le8aJ or ¢f*JStru¢tive obli8•tion cr4nmittiD8 the
chality to exF*xdilure. it is probable that a traJJsfrr of economi¢ benefits wjll be requtred settlement and
the (Trf the obligation ¢an Ft DJe45ureAI reliably. Expenth"ture 1$ accoullr￿ for on 4n ac¢n]als basis and has
beeD ¢Ja58ifi¢d under headin88 that aw¢gate all cost relattyj to the tate80ry. Where costs ¢Jnnot k dir¢¢tJy
attr]￿ted to partscular heathngs they have been allwared ￿ xiivtties on a basis co￿i5t￿lI with the 45e of
Gr&nt$ offered Athj¢ct to C{￿11K￿ whicFt hav¢ Dot bECD met at the year L*d date ore tyjroj as a con￿l￿t but
accru￿1 45 expenibtur¢.
T#D8lble Ilxed I￿5
I)we¢i3tion is provided #t tbc following anDUat rates in ordtr to write off eA¢h asset over its esiimakng u*fi
Motorvehi¢k¥. 2(PA redy¢illg balwnce b&
IDve¥tm¢tstpropèrty
l#vesthicnt propcty is showfj at most valuation. Atty aggTe8ate $wpfus ot deficit ar¢Sll￿ frorn chthges
fairval￿ is re¢0￿1$¢4J in the Statement of Fi2Jan£thl Ac(iviti¢5.
Taxation
The clwityis exanptfrom tax on it5 cknitsbk ￿1vItieS.
Unrestricted fimds Can be used in ￿rdance with the ehan"table obitttiV¢B atthe diX￿on of the InJste¢s.
Re5tii¢ted funds caD only be wed for parti¢u]ar restricted pwrM)ses withJ"rt the objeGts of the charity. Restrtctions
arisc when specthed bythe thjnororwhen ate rnjsrd forparticul￿re&trtCted purpow.
FurfberexpIwi￿ ofthe llaturr and purp05¢ of eath fiLnd is Incl￿jed itt th¢ DOt¢S lo ftn8n¢J￿ statern¢nts.
Page 11
conti￿¢￿...

The T*]thwl Torlh Marhzlkel H*dusTry
N•te• to theF0DAD￿￿ St•teMettts-￿ThthiuCd
fortbe Ye*rEthd JI Mirth 2025
DONATIONS AND LEGAaES
31.3.25
31.324
DoJwtiw5
172,143
59249
31.3.25
31.324
596,W)
677
of
adivities
(see thme
5)
137,402
GRANTS PAYABLE
31J25
31.3.24
137,402
51.750
Dover Sholem Cornmuty TTU5t
MoTt5h¢tHatoTrh Ltd
Yedidim A*￿)2(10n Ltd
56,025
79,997
lJ80
137,402
SUPPORT cosrs
624.862
Ther¢ w¢r¢ no tn*w' remuDmtiott or other b￿ts for the yew ¢nd&l 31 Msrcb 2W25 Jor for th¢ yeaT cndtyj
31 M#wh 2024.
Thar wue no In*tee8' expells¢s pxid for th¢yeArelld￿ 31 MaKb 2025 Dor for theycaT ¢llded 31 Marnh 2024.
Page12

The T*lm•d Torah M#ehthl Hadau Trwt
Notta to theFiD#Dd41 Sta¢emeDts- ¢gnth¥ed
f¢r the Y￿rED￿￿ 31 Marth 2025
COMPARATIVES FOR THE STATEMENf OF FINANCIAL ACTTrITILS
INCO￿￿ AND ENDOWMENTS FROM
Donations and legaci¢s
Invtskn￿l incon
59249
To
677,200
736,449
EXPENDITURE ON
CharltAbk *cttvAdes
51,750
Tot*1
671963
724,713
INCOME
11,736
RECONCILIATIOIY OF FUNDS
Tot41 fimd% Fwou8hi foThvar4
15249.139
TOTAL FiINDS CARRIED FORWARD
I5.2f￿.875
TANGIBLE FIXED A&Sm
COST
Ai l April 2024and 31 March 2025
DEPRECIATION
At l April 2024
Charge I￿Y
vehicl¢s
91,040
38585
10.491
At31 March 2025
NETBOOK VALUE
At 31 March 2025
49.076
At 31 Marth 2024
41,964
52.455
Pase 13

TheTalmud Tonb H*d•u TT4Yt
Notu to ¢be FIDADdal St*t¢rnents. C￿￿￿lled
for the Yur EDdtsJ 31 Mirch 2025
i(A INVEsfMEI¥T PROPERTY
FAIRVALUE
At l April 2024
23 J63,334
195,979
23,759J13
At 31 March 2025
AMORTISATION
At I April 2024
•nd 31 FAar¢h 2025
120,C
Nfr BOOKVALUE
At 31 MaT¢h 2025
23.639313
23,443,334
At 31 Mwch 2024
11. DEBTORS: AMOUNTS FALLING DiJE WITHIN ONEYEAR
31.325
31.3.24
2W80
131,868
Oth¢rdebtoYs
206580
131,868
338.448
338,448
li CREDITORS: AMOUNtS FALIJNG DUE ￿THIN ONE YEAR
31.325
31.3.24
BaDk loans •nd Ise¢ rtote 14)
501,332
104,774
855.645
501.957
S7207
853 J25
Other ￿edItOrs
l.461.751
1.412,489
I& CIIEDITORS: AMOUNTS FALLING DUE AFfER MORE THAN YEAR
31.3.25
31.324
Bauk lo￿ Is¢e n(rtc 14)
7.335,989
7,179.099
Pllge 14
cwtinucil...

The T*lmMd T•rah M•¢h*keA HId￿ Tn
to lh¢ blD*Dthl St*teJD¢Dts- roDIiDttÈd
for the Year Ended 31 M•reh 2025
An anatysis of tbt m*urityof loans 1$ gtveD below
31.3.2S
31.324
Amounts falltti8 duc wtthit) oneytaroD demaT#I..
Bank overdrafts
Bank lo￿5
625
501 J32
$01.332
501 J32
501.957
Amounts falling Fthv¢en one and two years..
B4Dk loaDS- 1.2 years
501,332
501.332
Bank hADS. 2.5 yc4rs
1.483,295
1,489.644
Amowts f￿11Th8 in tMYe thun five ycaTS.'
Repay4bk by iD$tal￿..
loaDS more 5 yTby in$ial
IS MOVEMENT IN FUNDS
5J51 J62
5,188.123
mov¢ment
in fuDds At 3113125
At 114124
Unre*l¢ted
Gen¢rnl fiu
15260,875
(4,612}
15,256263
152frtl,875
{4,612)
15256263
Net movemettt in fillds, in¢luded thc4ix)ve are as follows..
eX￿ded
768,143
1772.755)
(4.612)
768,143
1772,755)
(4,612)
Page IS
continued...

The Tor•k M•¢kzlkel Had￿$ Tru
Notu ts thtFknIDd￿ StaterneDts.rnAtin•ed
for th¢ Ye*r Ended 31 Mareh 2025
1% MOVEMENT IN FiWS-¢ondDutd
Compxratives for nwv¢ment ID
Net
At 114n3
At 3113124
Umrntrkted fumds
15249,139
11,736
15,260.tIS
TOTAL FUNDS
15249.139
11.736
Is2￿,875
com1￿ati￿ netmoveDient in fi]nd$, included in the alw¢ aTe 88 follows:
General find
736,449
(7247J3)
11.736
736,449
1724,713)
11.736
Acwrcnt ycaT 12 tnonths and WEory¢ar12 rooDths ¢ombined p)sitiOD is ￿ follows..
Net
A¢ 114r23
fjJE￿ Ai 3113125
Unr¢strAtted tundg
15249,139
7,124
15,256263
15249,139
7,124
15256,263
A year 12 atMI prior year 12 motsths r￿lbitted t)¢t tnovemuht iti fimd4 in¢lud¢il it) the BFK*ve
follows-
Jn¢oming
1,504,592
{l.497,4681
7.124
1,504592
11.497,468)
7,124
Pa8e 16
¢ontinued...

T&t Torlh Had*n Trnrt
Noks lo the FIts￿¢1￿ Statrnts. twtlDtstd
r the Yt4r Ended 31 March 2025
I& RELATED PARTY DISCLOSURES
Lk)nth'ons rnade by the ¢barity includ¢ tl* followin8 gmouijts which war doD*d to charitics which hav¢
tn￿te¢S in cothmon with The Talmud Tor4h Machzt'kei Haths Thw..
Dov¢rSholem Commuwty Thjst
Moreshet H8torah Ltd
ye4idimAwciation L
56.025
79,997
1.380
lkniatioo$ received by the Chwity Incl￿ the following amounts whi¢b W¢Te JE￿Ived from chwiti¢s which have
tnJ$tces in eomThon with The T&lmud Torah MachzikeA TTWf.
Belz Found￿10n Ltd
Crmk)n{Be&) Lld
Dovtr Sholeth Community Ttusi
M(YeshetHatOTah Lid
Ycdidim ABSOCiatiott Ltd
3,281
44.465
1,353
26,570
Oth¢r cr&Jitors in¢Jud¢ th¢ followin8 lo&Ds du¢ to ch4iti¢5 whi¢h hawc kn5ttts ITh COMM￿ wilh Tr Talmud
Torah Mackikei Hada&s Tn￿t..
Moresh& Hatorab Lrd
Belz FOUN￿10￿ Ltd
lknver Shol¢m CommuNty TnL8t
747.525
20,1NJO
80,Krf)
Page 17