CHARITY REGISTRATION NUMBER: 312845 Law of Truth Talmudical College Unaudited Financial Statements 31 March 2025 BRINDLEY GOLDSTEIN LIMITED Chartered accountants 103 High street Waftham Cross EN8 7AN
Law of Truth Talmudical College Financial Statements Year ended 31 March 2025 Page Trustees. annual report Independent examiner's report to the trustees Statement of financial activities Statement of financial position Statement of cash flows Notes to the financial statements
Law of Truth Talmudical College Trustees, Annual Report Year ended 31 March 2025 The trustees present their report and the unaudited financial statements of the charity lor the year ended 31 March 2025. Reference and administrallve delalls Reglstered ¢harlty name Law of Truth Talmudical College Charity reglstratlon numbor 312845 Prlnclpal oftlce 31 Leadale Road London N166BZ Tho irustees Mrs C. E. Halpem Mr E. Halpern Mr M. Halpern Mr M. Landau Independent examiner Charles Goldstein FCA 103 Hlgh street Waltham Cross EN8 7AN Structurei governance and management Management The charity is managed by Irustees who have many years. experience in running cenlres for talmudTcal studles. Regular meetlngs are held to discuss and review the achievements. Reserves The trustees try to ensure that the charity has reserves sufficient to cov8r anticipated outgoings for at least one month. Rlsk conlrol The trustees regularly examine any requests and ensure any risks are Identified and systems are in place to protect the charity. Publlc beneflt The trustees confirm that they have referred to lh8 guidance containgd in the Charity Commission's general guidance on public beneflt when revlewlng the Trust's aims and objectlV8s and in planning future acliviti8s and s8tting the grant making policy for Ihe year. Governlng documenl The charty is governed by ils D88d of Twst daled 25th November 1965.
Law of Truth Talmudical College Trustees, Annual Report (oonllnugd) Year ended 31 March 2025 Objectives and actlvllles To provide a leaming centre for talmudical students. Achlevemenls and performance The centr8 continued ils activities enabling more students to continue their studies. Financial review The financial results of Ihe Charitys activities for the year are reflected in these flnan¢ial statements, together 1th the notes thereon. The trustees are satisfiad with the results for the year. Grants The charity provides scholarships and grants to serious talrnudical students as well as seniDr scholars. Premlses The charity rents premises at a very low rent and is responsible for the upkeep including repairs. Plans for fulure perlods The trustees plan to continue its activities in accordance with its grant making policy and to ensure that an appropriate level of reserves is maintained. The trustees, annual report was approved on 21 October 2025 and signed on behalf of the board of trustees by- flill.• Mr M. Halpem Trustee
Law of Truth Talmudical College Independent Examiner's Report lo the Trustees of Law of Truth Talmudlcal College Year ended 31 March 2025 I report to the trustees on my examination of the financial slat8m8nls of Law of Truth Talmudical College ('the charity) for the year ended 31 March 2025. Responsibilities and basls of report As the trustees of the charity you are responslble for the preparation of Ihe financial statements in accordance with th8 r8quirements of the Charities Act 2011 ('the Act'l. I report in respect of my examlnatlon of the charty's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the appllcable Directions given by the Charity Commission under section 145(5)(b) of the Act. Independent examlner's statement Slnce the charitls gross income exceeded £250.000 your examiner must be a member of a body listed in section 145 of the 2011 ACL I confirm that l am quallfSed to undertake the examination because l am a member ol thè Institut8 of Chartered Accountants in England and Wales (ICAEW), which is one of the listed bodles. I have completed my examination. I confirm that no material matters have come to my attenlion in connection viith the examinatlon glvlng me cause to believe that in any malerial rgspect.. accounting records were not kept in respect of the charity as required by section 130 of the Act; or the financial stal8m8nts do not accord with Ihose records. or the financial stalements do not comply wllh the appllcable requirements concerning ihe form and content of accounls 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 I18p8ndent examinalion. I have no concerns and have come across no other matters in conn8ction with the examinatlon 10 whlch attentlon should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Charles Goldsteln FCA IndepeIent Examiner 103 Hlgh street Waltham Cross EN8 7AN 21 October 2025
Law of Truth Talmudlcal College Statement of Flnanclal Actlvltles Year ended 31 March 2025 2025 Unrestricted funds Total funds Total funds 2024 Not Income and endowments Donations and legacles Totsl Income 547,262 547,262 547,262 547,262 517,295 517.295 Expendllure Expenditure on charitable activities Total eXndItur0 50 492,784 492,7S4 492,764 492.764 493,555 493,555 Not inGome and nel movement In funds 54,498 54,498 23,740 Reconclllatlon of funds Total funds brought forward Tolal funds carrled forward 40,868 95.366 40,868 95,366 17,128 40.868 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The notes on pages 7 to 10 form part of Ihose flnanclal ststements.
Law of Truth Talmudical College Statemeni of Financial Position 31 March 2025 2025 2024 Note Current assels Debtors Cash al bank and in hand 10 45,000 51.934 96,934 5,1)00 36.768 41,768 Credltors: amounts falllng due wlthln one year Net current assels 11 1.568 900 95,366 95.366 40,868 40,868 40,868 Total as9etg less curranl liabilities Net assets 95,366 Funds of the charity Unrestricted funds 95.366 40,868 40.868 Total charlty tunds 12 95,366 These financial stalemenls were approved by the board of trustees and authorised for issue on 21 er 2025, ang are signed on behalf of the ard by. Mr M. Halpem Trustee Tho notes on pages 7 to 10 fomi part of Ise flnan¢ial slalemonts.
Law of Truth Talmudical College Statement of Cash Flows Year ended 31 March 2025 2025 2024 Cash flows from operallng actlvltles Net income 54,498 23,740 Adjustments lor.. Accrued exp8ns8S 30 900 Changes in.. Trade and other debtors Trade and olher creditors {40,000) 638 {5,000) Cash generated from operations Net cash from operating activities 15.166 19.640 15,166 19,640 Net Increase In cash and cash equlvalenls Cash and eash oquivalents al beginning ol year Cash and cash equlvalents at end ot year 15.166 36.768 19,640 17,128 36,768 51,934 The notes on pages 7 to 10 lorm parl of these financial slal8m8nt&
Law of Truth Talmudical College Notes to the Financial Statements Year ended 31 March 2025 General Inforniallon The charily is a public benefit entty and a registered charlty In England and Wales and is unincorporated. The address of the principal office is 31 Leadale Road, London. N16 68Z. Statement of compllan¢e These financial stalements have been pr8par8d in complianc8 Vllith FRS 102, The Flnancial Reporting Standard appllcable In the UK and the Republlc of Ireland,, the Statement of R8comm8nd8d Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Slandard applicable in the UK and Republic of Ireland (FRS 102) (Charitles SORP {FRS 102)) and the Charities Act 2011. Accounting policies Basls of preparallon The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value Ihrough income or expenditure. The financial slatements are prepared Sn sterllng, which Is the functional currency of the entty. Going concern There are no material uncertainties about the charivs ability to continue. Judgementg and key sourcas of astimation uncertainty The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to b8 r6asonabla und8r the circumslances. In the process of applying the entivs accounting policies no significant judgements or key sources of estimation were made by management Ihat have any significant effect on the amounts recognised in the financial statements. Fund accounting Unresiricted funds are available for use at the discretion of the trustees to further any of the charitys purpos8S. Designated funds are unrestricted funds eannarked by the truslees for particular future project or commitment. RestriGted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an app8al, and fall into one of two SuClaSses. restricted income funds or endowment funds.
Law of Truth Talmudical College Noies to the Financial Slalements (Mnthiu Year ended 31 March 2025 Accounting policies (ntInued? Incomlng resources All incoming resources are included in the statement of financial activities when entitlement has passed to the charity,. it is probable that the economic benefits associated wilh the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of irOMe. income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. legacy income is recognised when receipt is probable aryj entitlement is eslablished. income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably. in which case the value is derived from the Gost to the donor or the esiimated resale value. Donated facilities and seNices are recognised in the accounts when received if the value can be reliably measured. No amounts are Included for the contrlbution of general volunteers. income from contracts for the supply of services is recognised wilh the dellvery of the ontracted service. This Is classlfled as unrestricted funds unless th8r8 is a Contractual requir8m8nt for it to be spent on a particular purpose and returned Ff unspent, in which cas8 it may be regarded as restricted. Resources expended Expenditure is recognised on an accruals basls as a Ilablllty Is Incurred. Expenditure includes any VAT which cannot b8 fully recovered. and is classified under headings of the statemerrt of financial actlvtties to which it relates: expenditure on raising funds includes the costs of all fundraising activities, events, non- charitable trading activities, and the sale of donaled goods. expenditure on charitable activffties includes all costs incurred by a charity in undertaking activities thal further ils charttable aims for the benefit of its beneficiaries. including those support costs and costs relating to the governance of the charity apportioned to charitable activities. other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expendilure on charitable activities. All costs are allocated to expenditure categories reflecting the use ol the resource. Direct costs attributable lo a single activity are allocated directly to that actlvlty. Shared costs are apportioned belween the activities they contribute to on a reasonable. justifiable and consistent basis. Donations and legacle8 Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Donatlons Gifts and Donations Income 547,262 547,262 517,295 517.295
Law of Truth Talmudical College Noles lo the Financlal Ststements (contlnu•dl Year ended 31 March 2025 Expenditure on charitsble actlvitles by fund type Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Charitable activities Support costs 491,833 931 491,833 931 492,655 900 492,655 900 492,764 492,764 493,555 493,555 Expendllura on charitabl6 activitias by aclivily type Activilies undertaken directly Support costs Total funds 2025 Total fund 2024 Charitable activilies Governance costs 491,833 491,833 931 492.655 900 931 491,833 931 492,764 493,555 Independent examinatlon fees 2025 2024 Fees payable to the independent examiner for: Independent examination of the financial statements 930 900 Staff costs The average head count of employees during th8 year was Nil {2024.' Nill. No employee received employee benefits ol more than £60.000 during the year (2024: Nil). Trustee remuneratlon and expenses There were no trustees, remuneralion or other benefits during the year ended 31 March 2025. There vrfere no truslees. expenses paid for during the year ended 31 March 2025. 10. Debtors 2025 2024 Other debtors 45,000 5,000
Law of Truth Talmudical College Noles to the Financial Statements (¢ontinued) Year ended 31 March 2025 11. Credllor$: amounts falllng due within one year 2025 2024 Trade creditors Accruals and deferred income 638 930 900 1,568 900 12. Analysls of charitable funds Unre$tri¢ied funds At 31 March 202 At 1 April 2024 Income Expenditure General funds 40,868 547,262 {492.764) 95,366 At 31 March 202 At 1 April 2023 Income Expenditure General funds 17,128 517,295 (493.555) 40,868 13. Analysis of net assths belween funds Unresiricted Total Funds Funds 2025 Current assets Creditors less than 1 year Net assets 96,934 (1,568) 95,366 96.934 {1,568) 95,366 Unrestricted Total Funds Funds 2024 Current assets Creditors less than 1 year Net assels 41,768 1900} 40.868 41,768 (900) 40,868 14. Analysls of chang8s In net debl At At 1 Ppr 2024 Cash flows 31 Mar 2025 Cash at bank and in hand 36.768 15,166 51,934 10