ORGANISATION FOR THE SUPPORT OF
TORAH EDUCATION LIMrrED
(LIMITED BY GUARANTEK)
FINANCIAL STATEMENTS
FOR THE YEAR EIYDED
31 MARCH 2024
Company Number. 00653738
Charity Number: 314140
COHEN ARNOLD
CHARTERED ACCOUNTANTS
& STATUTORY AUDITOR
LONDONNWI I OPU

ORGANISATION FOR THE SUPPORT OF TORAH EDUCATION LIMITED
(LIMITED BY GUAIUNTEE)
Financial Statements
Year ended 31 March 2024
PAGES
Trustees, Annual Report
Ito3
Independent examinels report to the trustees
Statement of Financial Activities
ststement of Financial Position
Notes to the Financial Statements
7t013

ORGANISATION FOR THE SUPPORT OF TORAH EDUCATION LIMITED
(LIMITED BY GUARANTEE)
Trustees, Annual Report
Year ended 31 March 2024
The Trustces, who are also directors for the purposes of company law, present their report and the
unaudited Financial Statements of th¢ Company for the year ended 31 March 2024.
Reference and administrative details
Organisation for the Support of Torah Education Limited
653738
Registered charity Dame
Company number
Charity registration number
Principal office
314140
129 Stamford Hill
London
N16 5TW
Registsred office
New Burlington House
1075 Finchley Road
London NWI I OPU
The Trustee8
Mr E Englander (Chainnan)
Mr J L Weiss
Mr J S Brander
Mr P N Englander
Mr S Z Englander
Mr B Bard
Mr J Lipschitz
Mr J Lipschitz
Asher Sternlicht FCA
Cohen Arnold
Chartered accountants
New Burlington House
1075 Finchley Road
London
NWI I OPU
Secretary
Independent Examiner
Structure? governance aDd management
Governing Document
The charity is a Company limited by guarantee, governed by its Memorandum and Articles of
Association.
Appointment and Recruitment of Trustees
The Trustees administer the day-to-day affairs of the charity. Every Trustee holds office until helshe
shall die or shall cease to hold office by virtue of the Articles of Association.
None of the trustees have any beneficial interest in the charity.
Where there is a requirement for new Trustees, these would bc idcntified and appointed by thc remaining
Trustees. The Chainnan of the Trustees would be responsible for the induction of any new Trustee,
which involves awareness of a Trustee's responsibilities, the governing document, administrative
procedures, the history and philosophical approach of the Charity. A new Trustee would receiv¢ copies
of the previous year's annual report and accounts with detailed explanation thereof.

ORGANISATION FOR THE SUPPORT OF TOII4H EDUCATION LIMITED
(LIMITED BY GUARANTEE)
Trustees, Annual Report (cunithuetl)
Year ended 31 March 2024
Risk Management
The trustees have identified and reviewed the major risks to which the Charity is exposed, in particular
those related to the operations and finance of the Charity, and are satisfied that systems are in place to
mitigate those risks.
It is recognised that systems can only provide reasonable but not absolute assurance that major risks
have been adequately managed.
Objectives and activities
The Charity is established to further those purposes both in the United Kingdom and abroad recognised
as charitable by English Law. Pursuant to the objects and having regard to the guidance of the Charity
Commission relating to Public Benefit, the Company utilises its incorne to make grants, donations and
interest fr¢e loans to needy individuals.
Financial revlew
Income from donations and investments aggregated £84,016. Total resources expended were £68,740
resulting in net sU￿lUS (before net gains on investments) of £15.276.
The Charity's Statement of Financial Activities shows a net surplus of £15,276 (2023: £17,304) and
total reserves of £3,176.050 (2023.. £3,160,774).
The financial results of the Charity's activities for the year to 31 March 2024 are fully reflected in the
attached Financial Statements together with the Notes thereon.
Reserve.v Policy
The Reserves Policy of the Trustees is to maintain unrestricted funds, which are the free reserves of the
Charity, at a level they consider appropriate to the Charity's needs taking into account likely future
requirements.
PrincipAI Funding Sources
The Charity's principal funding sources in the year was income from its property investment portfolio.
Investment Policy and Objectives
Under the Memorandum and Articles of Association, the Charity has the power to make any investments
which the Trustecs see fit provided any monies are not immediately required for use in connection with
any of its objects. The Charity's investment policy is to maximise its income and gains so that its
charitable objective be maintained and expanded. However, having regard to liquidity requirements, the
Trustees have also operated a policy of keeping available funds in interest bearing deposit account.
Plans for future periods
The Trustees plan to continue to pursue its philanthropic objects in support of educational, religious and
other Charitable Organisations.

ORGANISATION FOR THE SUPPORT OF TORAH EDUCATION LIMITED
(LIMITED BY GUARANTEE)
Trustees, Annual Report (conlinued)
Year ended 31 March 2024
The Trustees, Annual Report was approved on $4 ￿..Y.￿￿￿.￿and signed on behalf of the board of
trustees by:
Mr S Z Englan
Trustee

ORGANISATION FOR THE SUPPORT OF TORAH EDUCATION LIMITED
(LIMITED BY GUARANTEE)
Independent Examiner's Report to the Trustees of
Organisation for Support of Torah Education Limited
(Limited by Guarantee)
Year ended 31 March 2024
I report on the financial Statements for the year ended 31 March 2024. which comprise th¢ statemenl of financial
activities (including income and expenditure account). statement of financial position and the relaled notes. whicb
are set out on pages 7 to 13.
RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER
The trustees (who are also directors of Organisalion for Support of Torah Education Limited for the purposes of
company law) are responsible for the Preparation of the financial statements. The trustees consider that an audit is
not required for this year under section 144(2) of the Charities Act 2011 (the 201 I Act) and that an independent
examination is needed.
Having satisfied myself that the charity is not subjeth to audit under charity law and is eligtble for independent
examination, it is my responsibility to:
examine the accounts under section 145 of the 2011 Act.
to follow the procedures laid down in the general Directions given by the Charity Commission under
section 145(5){b} of the 201 l Act. and
to stste whether particular matters have come to my attention.
BASIS OF INDEPENDENT EXAMINERIS REPORT
My examination was carried out in accordance with the general Direction5 given by the Charity Commission. An
examination include5 a review of the accounting records kept by the charity and a comparison of the accounts
presented with those records. It also includes consideralion of any unusual items or disclosures in the ac¢ounts,
and seeking explanations from you as trustees concerning any suGh matters. The procedures undertak¢n do not
provide all the evidence that would be required in an audit and consequently no opinion is gyiven a5 to whethcr the
account5 present a 'true and fair view, and the Teport is limited to those matters Set out in the next slatement.
Independent examiner's statement
In connection with my examination. no material rnatters have Gorne to my attention (other ihan that disclosed
below) which gives me cause to believe that in. any material rcspect:
accounting records were not kept in accordance with section 386 of the Companies Act 2CH)6' or
the a¢¢ounts do not accord with such records. or
the accounts do not comply wilh relevant a¢counting requirements under seotion 396 of the Companies
Act 2006 other than any requirement that the accounts give a 'true and fair, view which is not a matter
considered a5 part of an independent examinalion- or
the accounts have not been prepared in accordance with the Charities SOIiP (FRSI 02},
I 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.
Asher Sternlicht FCA
Independent examiner
COHEN ARNOLD
Chartered accountants
New Burlington House
1075 Finchley Road
LONDON NWI I OPU
Date..
, 2025

ORGANISATION FOR THE SUPPORT OF TORAH EDUCATION LIMITED
(LIMITED BY GUARANTEE)
Statement of Financial Activities
31 March 2024
2024
Unrestricted
funds Total funds Total funds
2023
Note
Income and endowments
Donations and legacies
Investment income
27,100
56,916
27,1(Kl
56,916
69,470
69,470
Total ineome
84,016
84,016
Expenditure
Expenditure on raising funds:
Investment management costs
Expcnditur¢ on charitablc activities
Total expendlture
(63,743)
(4.997)
(68,740)
(63,743)
(4,997)
(68,740)
(47,502)
(4,664)
(52,166)
Net gains on investments
Net income and net movement in funds
15,276
15276
17,304
Reconciliation of funds
Total funds brought forward
Total funds carried fonvard
3,160,774
3,176,050
3,160,774
3,176,050
3,143,470
3,160,774
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 13 form part of these financial statements.

ORGANISATION FOR THE SUPPORT OF TORAH EDUCATION LIMITED
(LIMITED BY GUARANTEE)
Statement of Financial Position
31 Mareb 2024
2024
2023
Fixed &ssets
Investments
12
3J59J60
3,359,360
Current assets
Debtors
Cash at bank
13
255,122
11,083
259,409
68.190
266,205
327.599
Creditors: Amounts falling due
Ivithij) one year
Net current assets
14
(39,515)
(72.435)
226,690
255,164
Total assets less current liabilities
3,586.050
3,614,524
Creditors: amounts falling due Vdfter
more than one year
Is
(410,000)
3,176,050
(453,750)
3,160.774
Net assets
Funds ofthe charity
Unrestricted funds
3,176,050
3,160,774
3,160,774
Total ebarity funds
16
3,176.050
For the year ended 31 March 2024 the Company was entitled to exemption from audit under section 477
of the Companies Act 2006 relating to small companies.
Governors (trustees), responsibilities:
The members have not required the Company to obtain an audit of its accounts for the year in
question in accordance with section 476: and
The Governors (Trustees) acknowledge their responsibilities for complying with the requirements
of the Act with respect to accounting records and the preparation of accounts,
These financial stat¢inents were approved by the board of trustees and authorised for issue on
Y.4nd are signed on behalf of the board by:
Mr S Z Englander
Trustee
Company Registration Number: 0653738
The notes on pages 7 to 13 fonn part of these fingncial statements.

ORGANISATION FOR THE SUPPORT OF TORAH EDUCATION LIMITED
(LIMITED BY GUARANTEE)
Notes to the Financial Statements
Year ended 31 March 2024
General information
The charity is registered charity in England and Wales and is incorporated. The address of the
principal olyice is 129 Stamford Hill, London, N16 5TW.
Statement of complianee
The financial statements have been prepared in compliance with Accounting and Reporting by
Charities.. Statement of Recommended Practice applicable to charities preparing thetr accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland
(FRS 102) (effective l January 2015) - (Charities SORP (FRS 102)), the Financial Reporting
Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Accounting policies
Basis of preparation
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 through income or expenditure.
The Charitable Company meets the definition of a public benefit entity under FRS 102.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of eslimation uncertainty
In the application of the charity's accounting policies, the trustees are required to make judgements,
estimates and assumptions about the carrying arnounts of assets and liabilities that are not readily
apparent from other sources. The estimates and associated assumptions are based on historical
experience and other factors that are considered to be relevant. Actual results may differ from these
estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to
accounting estimates are recognised in the period in which the estimate is revised if the revision
affects only that period, or in the period of the revision and future periods if the revision affects
both current and future periods.
The valuation of investment properties is inherently subjective, depending on many factors,
including the individual nature of each property, its location and expected future net rental values,
market yields and comparable markettransactions. Therefore, the valuations are subject to a degree
of uncertainty and are made on the basis of assumptions which may not prov¢ to be accurate,
particularly in periods of difficult market or economic conditions.
Taxation
The charity is not liable to direct taxation on its income or gains, whether realised or not, as it falls
within the various exemptions liable to registered charities. Accordingly. the charity does not
recognise any deferred tax liability on revaluations of investments as no tax would be due in the
event of a disposal as the charity would benefit from the relevant exemptions, as it will apply all
funds for qualifying charitable purposes.

ORGANISATION FOR THE SUPPORT OF TORAH EDUCATION LIMITED
(LIMITED BY GUARANTEE)
Notes to the Financial Statements (continued)
Year ended 31 March 2024
Accounting policies fconlinued)
Investment Management Costs
Investment management costs include costs relating to the investtnent properties on an accrual
basis.
Governance Costs
Governance costs include costs of the preparation of financial statements and cost of any legal
advice to Trustees on governance or constitutional matters and is recognised on an accrual basis.
Investment Properties
Investment properties are properties which are held either to earn rental income or for capital
appreciation or for both. Investment properties are recognised initially at cost.
Subsequent to initial recognition -
(i) Investment properties whose fair value can be measured reliably without undue cost or effort
are held at fair value. Any gains or losses arising from changes in the fair value are recognised in
the income and expenditure account in the period that they arise. and (li) No depreciation is
provided in respect of investtnent properties applying the fair value model.
Investment property fair value is determined by the trustees based on professional valuations, their
understanding of property market conditions and the specific properties concerned using a sales
valuation approach, derived from recent comparable transactions on the market, adjusted by
applying discounts to reflect status of occupation and condition.
Acquisitions and disposals of properties
Acquisitions and disposals of properties are considered to take place at the legal completion and
are included in the financial statements accordingly.
Trade debtors
The trustees use details of the age of trade debtors and the status of any disputes together with
external evidence of the credit status of the counterparty in making j ud8ements concerning any
need to impair the carying values.
Fund aeeounting
General unrestricted fund5 comprise the accumulated surplus or deficit on income and expenditure
account. They are available for use at the discrction of the trustees in furtherance of the general
objectives of th¢ charity.
Restricted funds are funds subject to specific restricted conditions imposed by donors. There are
no restricted funds as at the Balanc¢ Sheet date.
Designated fund5 are funds which have been set aside at the discretion of the trustees for specific
purposes. Ther¢ are no designated funds as at the Balance Sheet date.

ORGANISATION FOR THE SUPPORT OF TORAH EDUCATION LIMITED
(LIMITED BY GUARANTEE)
Notes to the Financial Statements (cortdKued)
Year ended 31 March 2024
Accounting policies (continued)
Incoming 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 with the transaction will
flow to the charity and the amount can be reliably measured. The following specific policies are
applied to particular categories of income:
income from donations or grants is recognised when there is evidence of entitlement to the gift,
receipt is probable and its amount can b¢ measured reliably.
legacy income is recognised when receipt is probable and entitlement is established.
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 cost to the donor or the esttmated
resale value. Donated facilities and services are recognised in the accounts when received if the
value can be reliably measured. No amounts are included for the contribution of general
volunteers,
income from contracts forthe supply of services is recognised with the delivery of the contracted
service. This is classified as unrestricted funds unless there is a contractual requirement for it to
be spent on a particular purpose and returned if unspent. in which case it may be regarded as
restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incu￿ed. Expenditure includes any
VA T which cannot be fully recovered, and is classified under headings of the statetnent of financial
activities to which it relates:
expenditure on raising funds includes the costs of all fundraising activities, events, non-
charitable trading activities, and the sale of donated goods.
expenditure on charitable activities includes all costs incurred by a charity in undertaking
activities that further its charitable 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 expenditure on charitabl¢ activities.
All costs are allocated to expenditure categories refl¢¢ting the use of the resourc¢. Direct costs
attributable to a single activity are allocated directly to that activity. Shared costs are apportioned
between the activities they contribute to on a reasonable, justifiable and consistent basis.
Grants payable
These are only recognised in the accounts when a commitment has been made and there are no
conditions to be met relating to the grant which remain in the control of the charity.

ORGANISATION FOR THE SUPPORT OF TORAH EDUCATION LIMITED
(LIMITED BY GUARANTEE)
Notes to the Financial Statements Iconlimied)
Year ended 31 March 2024
Accounting policies {eoniinued)
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a paty to the
contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including
any related transaction costs, unless the arrangement constitutes a financing transaction. where it
is recognised at the present value of the future payments discounted at a market rate of interest for
a similar debt instrument.
Current assets and current liabilities are subsequently measured at the cash or other consideration
¢xp¢cted to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidenc¢ of
impainnent at the end of each reporting date. If there is objective evidence of impainnent. an
impairn]ent loss is recognised under the appropriate heading in the statement of financial activities
in which the initial gain was recognised.
Any reversals of impaiment are recognised immediately, to the extent that the reversal does not
result in a carrying amount of the financial asset that exceeds what the Ca￿Ing amount would have
been had the impairment not previously been recognised.
DonatlODS aDd legacies
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
DonatlODS
Donations
27,100
27,100
Investment income
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Income from UK investment
properties
Interest receivable
56,477
439
56,477
439
69,236
234
69,236
234
56,916
56,916
69,470
69,470
Investment management costs
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Investment property fftanagement
costs
Interest payable
30,948
32,795
30,948
32,795
23,861
23,641
23,861
23,641
63,743
63.743
47,502
47,502
io

ORGANISATION FOR THE SUPPORT OF TORAH EDUCATION LIMITED
(LIMITED BY GUARANTEE)
Notes to the Finaneial Statements (eortdnued)
Year ended 31 March 2024
Expenditure on eharitAble activities by fund type
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Support costs
4,997
4,997
4,664
4,664
4,664
4,997
4,997
4,664
Expenditure on charitable activities by Activity type
Support Total funds Total funds
costs
2024
2023
Independent Examiner s Remuneration
General Expenses
4,645
352
4,645
352
4,310
354
4,997
4,997
4.664
Net ineome
Net income is stated after charging:
2024
2023
Fees payable to the independent examiner for:
Independent examination of the financial statements
4,645
4,310
10. Staff costs
No salaries or wages have been paid to employees during the year.
No staff were employed by the charity during the reporting period.
I l. Trustee remuneration and expensey
No salaries or wages have been paid to employees, including the trustees, during the year. The
charity did not meet any individual expenses incurrcd by the trustees for services provid¢d to the
charity.

ORGANISATION FOR THE SUPPORT OF TORAH EDUCATION LIMITED
(LIMITED BY GUARANTEE)
Notes to the Financial Statemellts (coiilliiiiéd)
Year ended 31 Mareh 2024
12. Investments
Investment Fixtures &
propeities
fittings
Total
Valuation
At l April 2023 and at 31 March 2024
3,350,000
9.360
3,359,360
Carrying amount
At 31 March 2024
3,350,000
3,350,000
9,360
3?59J60
3.359,360
At 31 March 2023
9,360
a. The charity's investment properties were valued by the trustees at 31 March 2024 based on
the trustees, understanding of property market conditions and the specific properties
¢onc¢rned, using a sales valuation approach, derived from recent comparable transactions on
th¢ mark¢¢ adjust¢d by applying discounts to reflect status of occupation and condition.
b. The historical cost of the properties is £962,267 (2023: £962,267).
13. Debtors
2024
2023
Loan Debtors (Charitable purposes)
Other debtors
255,122
255,122
4,287
255,122
259,409
Loan Debtors includ¢s an amount of £240,000 due from Keren Association Limited, a Charitable
Company. Certain Directors (Trustees) of this Charitable Company are also Directors (Truste¢s)
of Keren Association Limited.
14. Creditors: amouDts falling due witbiD one year
2024
2023
Bank loan and overdrafts
Loan creditors
Other creditors
16250
17?53
5,912
50,955
17,353
4,127
39,515
72,435
15. Creditors: amounts faIling after more th2n one year
2024
2023
Bank loan
410,000
453,750
12

ORGANISATION FOR THE SUPPORT OF TORAH EDUCATION LIMITED
(LIMITED BY GUARANTEE)
Notes to the Financial Statements (Cort￿￿￿ed)
Year ended 31 March 2024
16. Analysis of charitable funds
Unrestricted funds
Atl
April
2023
At31
March
2024
Income Expenditure
General funds
3,160,774
84,016
(68,740} 3,176,050
Atl
April
2022
At31
March
2023
Income Expenditure
General funds
3,143,470
69.470
(52.166) 3,160,774
17. Analysis of net assets between funds
Unrestricted Total Funds
Funds
2024
Investments
Current assets
Creditors less than one year
Creditors more than one year
3,359,360
3J59?60
266,205
266,205
(39,515)
(39,515)
(410,000) (410,000)
3,176,050
3,176,050
Net assets
Unrestricted Total Funds
Funds
2023
Investments
Current assets
Creditor5 less than one year
Creditors more than one year
Net assets
3,359,360
3J59J60
327,599
327,599
(72,435)
(72,435)
(453,750) (453,750)
3,160,774
3,160,774
18. Related parties
Related Party inforniation is given in Note 13.
There have been no other related paty transactions in the reporting period that require disclosure.
13