REGISTERED CHARITY NUMBER: 274850
TORATH CHESED YESHIVA TRUST
REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025
Sugarwhite Meyer HS Ltd First Floor 94 Stamford Hill London N16 6XS
TORATH CHESED YESHIVA TRUST
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025
| Page | |||
|---|---|---|---|
| Reference and Administrative Details | 1 | ||
| Report of the Trustees | 2 | to | 3 |
| Independent Examiner's Report | 4 | ||
| Statement of Financial Activities | 5 | ||
| Statement of Financial Position | 6 | ||
| Notes to the Financial Statements | 7 | to | 11 |
TORATH CHESED YESHIVA TRUST
REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 5 APRIL 2025
TRUSTEES B Weissman T Stern C Stern PRINCIPAL ADDRESS 97 Geldeston Road London E5 8RS REGISTERED CHARITY NUMBER 274850 INDEPENDENT EXAMINER Sugarwhite Meyer HS Ltd First Floor 94 Stamford Hill London N16 6XS BANKERS HSBC Bank plc 312 Seven Sisters Road Finsbury Park London N4 2AW
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TORATH CHESED YESHIVA TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5 APRIL 2025
The trustees present their report with the financial statements of the charity for the year ended 5 April 2025. The trustees have adopted the provisions of 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).
REFERENCE AND ADMINISTRATIVE INFORMATION
The information is shown on page 1 of the financial statements and forms part of this report.
OBJECTIVES AND ACTIVITIES
Objectives and aims
The objects of the charity are the advancement of the Orthodox of Jewish religion and Orthodox Jewish religious education by the establishment and maintenance of residential college for Orthodox Jewish students. The trustees confirm that they have given due regard the Charity Commission's guidance on public benefit.
FINANCIAL REVIEW
Financial position
The trustees are pleased with the results for the year. Income was about 32% up on the previous year whilst college running costs rose by about 10% and the charity was left with a surplus for the year.
Reserves policy
The trustees do not seek to maintain reserves, other than to ensure that they can continue the activities of the charity. Reserves at the year end stood at £44,776 (2024: £29,789).
FUTURE PLANS
The trustees anticipate that the charity will continue on a similar basis in the foreseeable future subject to satisfactory income and there are no plans for any major changes.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Charity constitution
The charity is constituted and governed by Declaration of Trust dated 14th November 1977.
Recruitment and appointment of new trustees
It is not currently the intention of the trustees of the charity to appoint new trustees. Should this situation change in the future, the trustees will apply suitable recruitment and training procedures.
Organisational structure
One of the trustees acts as financial administrator. The Trustees have regular meetings to review and discuss the charity's activities.The charity also has a supervisory committee to regulate studies and other activities with the College Principal acting as Chairman of the Committee and also of the trustees. All trustees give of their time freely, and no remuneration or expenses were paid to any trustee during the year.
Risk management
The trustees have reviewed the major risks to which the charity is exposed and confirm that they have established systems to mitigate them.
STATEMENT OF TRUSTEES' RESPONSIBILITIES
The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".
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TORATH CHESED YESHIVA TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5 APRIL 2025
STATEMENT OF TRUSTEES' RESPONSIBILITIES - continued
Charity law requires the trustees to prepare financial statements for each financial year. Under that law, the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).
Under charity law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011 and The Charity (Accounts and Reports) Regulations 2008. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the board of trustees on 4 February 2026 and signed on its behalf by:
B Weissman - Trustee
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF TORATH CHESED YESHIVA TRUST
Independent examiner's report to the trustees of Torath Chesed Yeshiva Trust
I report to the charity trustees on my examination of the accounts of Torath Chesed Yeshiva Trust (the Trust) for the year ended 5 April 2025.
Responsibilities and basis of report
As the charity trustees of the Trust 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
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
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:
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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 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 to be reached.
Emanuel Meyer FCA, BSc
Sugarwhite Meyer HS Ltd First Floor 94 Stamford Hill London N16 6XS
4 February 2026
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TORATH CHESED YESHIVA TRUST
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2025
| 2025 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 325,048 EXPENDITURE ON Charitable activities 3 College running costs 306,141 Support costs 3,920 Total 310,061 NET INCOME/(EXPENDITURE) 14,987 RECONCILIATION OF FUNDS Total funds brought forward 29,789 TOTAL FUNDS CARRIED FORWARD 44,776 |
2024 Total funds £ 245,205 280,500 2,160 282,660 (37,455) 67,244 29,789 |
|---|---|
CONTINUING OPERATIONS
All income and expenditure has arisen from continuing activities.
The notes form part of these financial statements
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TORATH CHESED YESHIVA TRUST
STATEMENT OF FINANCIAL POSITION 5 APRIL 2025
| Notes FIXED ASSETS Tangible assets 9 CURRENT ASSETS Prepayments and accrued income Cash at bank CREDITORS Amounts falling due within one year 10 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 11 Unrestricted funds: General fund TOTAL FUNDS |
2025 Total funds £ 26,127 - 22,467 22,467 (3,818) 18,649 44,776 44,776 44,776 44,776 |
2024 Total funds £ 30,591 851 5,176 6,027 (6,829) (802) 29,789 29,789 29,789 29,789 |
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 4 February 2026 and were signed on its behalf by:
B Weissman - Trustee
The notes form part of these financial statements
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TORATH CHESED YESHIVA TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, 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 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Liabilities are recognised in the year in which they are incurred and includes irrecoverable VAT which is reported as part of the expenditure to which it relates.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Governance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - 10% on cost Fixtures and fittings - 15% on reducing balance
Taxation
The charity is exempt from tax on its charitable activities.
Pension costs and other post-retirement benefits
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
Going concern
There are no material uncertainties about the charity's ability to continue.
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TORATH CHESED YESHIVA TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5 APRIL 2025
| 2. DONATIONS AND LEGACIES Donations 3. CHARITABLE ACTIVITIES COSTS Direct Costs (see note 4) £ College running costs 306,141 Support costs - 306,141 4. DIRECT COSTS OF CHARITABLE ACTIVITIES Staff costs Premises running costs Food and student welfare Textbooks Sundries Depreciation 5. SUPPORT COSTS Support costs Support costs, included in the above, are as follows: Governance costs Independent examiner's fee Independent examiner's other fees General expenses |
2025 2024 £ £ 325,048 245,205 Support costs (see note 5) Totals £ £ - 306,141 3,920 3,920 3,920 310,061 2025 2024 £ £ 82,850 80,955 109,819 98,818 89,223 80,026 19,121 14,850 664 1,129 4,464 4,722 306,141 280,500 Governance costs £ 3,920 2025 2024 Support Total costs activities £ £ 1,380 1,080 1,380 1,080 1,160 - 3,920 2,160 |
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TORATH CHESED YESHIVA TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5 APRIL 2025
6. OTHER
| OTHER | ||
|---|---|---|
| 2025 | 2024 | |
| £ | £ | |
| Support costs | 3,920 | 2,160 |
7. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 5 April 2025 nor for the year ended 5 April 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 5 April 2025 nor for the year ended 5 April 2024.
8. AVERAGE STAFF NUMBERS
The average number of staff in the year was 8 (2024: 9).
9. TANGIBLE FIXED ASSETS
| Long leasehold £ COST At 6 April 2024 and 5 April 2025 29,830 DEPRECIATION At 6 April 2024 9,000 Charge for year 3,000 At 5 April 2025 12,000 NET BOOK VALUE At 5 April 2025 17,830 At 5 April 2024 20,830 |
Fixtures and fittings £ 57,744 47,983 1,464 49,447 8,297 9,761 |
Totals £ 87,574 |
|---|---|---|
| 56,983 4,464 |
||
| 61,447 | ||
| 26,127 | ||
| 30,591 |
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TORATH CHESED YESHIVA TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5 APRIL 2025
10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Taxation and social security Other creditors 11. MOVEMENT IN FUNDS Unrestricted funds General fund TOTAL FUNDS Net movement in funds, included in the above are as follows: Unrestricted funds General fund TOTAL FUNDS Comparatives for movement in funds Unrestricted funds General fund TOTAL FUNDS |
2025 2024 £ £ - 414 3,818 6,415 3,818 6,829 Net movement At At 6.4.24 in funds 5.4.25 £ £ £ 29,789 14,987 44,776 29,789 14,987 44,776 Incoming Resources Movement resources expended in funds £ £ £ 325,048 (310,061) 14,987 325,048 (310,061) 14,987 Net movement At At 6.4.23 in funds 5.4.24 £ £ £ 67,244 (37,455) 29,789 67,244 (37,455) 29,789 |
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TORATH CHESED YESHIVA TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5 APRIL 2025
11. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming Resources Movement resources expended in funds £ £ £ 245,205 (282,660) (37,455) 245,205 (282,660) (37,455) |
|---|---|
12. RELATED PARTY DISCLOSURES
The charity's college occupies a property made available by another charity at an advantageous rent, both charities have a trustee in common.
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