**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
Page 1
## **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".
Page 2
## **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
- 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;
- 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
Page 3
## **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:
1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
2. the accounts do not accord with those records; or
3. 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
Page 4
## **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
Page 5
## **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
Page 6
## **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.
Page 7
## **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|
|---|---|
Page 8
## **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|
Page 9
## **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|
|---|---|
Page 10
## **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.
Page 11