REGISTERED REGISTERED CHARITY CHARITY NUMBER: NUMBER: 515009 515009
# BETH BETH HATALMUD HATALMUD SCHOLARSHIP SCHOLARSHIP FUND FUND
REPORT REPORT OF THE OF THE[TRUSTEES] TRUSTEES AND AND FINANCIAL FINANCIAL STATEMENTS STATEMENTS FOR FOR THE YEAR THE YEAR ENDED ENDED 31 31 MARCH MARCH 2024 2024
## BETH BETH HATALMUD HATALMUD SCHOLARSHIP SCHOLARSHIP FUND FUND
INDEX INDEX TO TO THE THE[FINANCIAL] FINANCIAL[STATEMENTS] STATEMENTS FOR FOR THE THE YEAR YEAR ENDED ENDED 31 31 MARCH MARCH 2024 2024
||Page
Page|
|---|---|
|Legal and Administrative Details
Legal and Administrative Details|1
1|
|Trustees' Report
Trustees’ Report|2-4
2-4|
|Independent Examiner's Report
Independent Examiner’s Report|5
5|
|Statement of Financial Activities
Statement of Financial Activities|6
6|
|Balance Sheet
Balance Sheet|7
7|
|Notes to the Financial Statements
NotestotheFinancialStatements|8-9
8-9|
BETH BETH HATALMUD HATALMUD SCHOLARSHIP SCHOLARSHIP FUND FUND
LEGAL LEGAL AND AND ADMINISTRATIVE ADMINISTRATIVE DETAILS DETAILS AT AT 31[31] MARCH MARCH 2024 2024
## Trustees Trustees
M. M. Bodner Bodner A. A. Gluck Gluck B. B. Joseph Joseph
## Other Other[Officers] Officers
Principal: Principal: Rabbi Rabbi S[S] Steinhaus Steinhaus
## Address Address
> 1 1 Ashgrove Ashgrove Terrace Terrace Gateshead Gateshead
> Tyne Tyne and and Wear Wear NE8 NE8 1RL IRL
Legal Legal Status Status
> The The charity charity was was[established] established by by constitution constitution dated dated 21 21 February February 1984 1984 and and[is] is registered registered with with the the Charities[Charities] Commission Commission — — Registration Registration Number Number 515009. 515009.
## Independent Independent Examiner Examiner
Atkinsons Atkinsons Bloom Bloom Mayer Mayer Cobalt Cobalt Business Business Exchange[Exchange] Cobalt Cobalt[Park] Park Way Way Wallsend Wallsend Newcastle-upon-Tyne Newcastle-upon-Tyne NE28 NE28[9NZ] 9NZ
Bankers Bankers
Lloyds Lloyds Bank Bank 15 15 West West Street Street Gateshead Gateshead Tyne Tyne & & Wear Wear NE8 NE8 1DP IDP
will ae
BETH BETH HATALMUD HATALMUD SCHOLARSHIP[SCHOLARSHIP] FUND FUND
## TRUSTEES' TRUSTEES’ REPORT REPORT FOR FOR THE THE YEAR YEAR ENDED ENDED 31 31 MARCH MARCH 2024 2024
The The Trustees Trustees present present their their report together report together with with the the financial financial statements statements for for the the year year ended ended 31 31 March March 2024. 2024.
The The financial financial statements statements have have been been prepared prepared in in accordance accordance with with the the accounting accounting policies policies set set out out in in note note[1] 1 to[to] the the financial financial statements statements and and comply comply with with the the charity's charity's Trust Trust[Deed,] Deed, the the[Charities] Charities Act Act 2011 2011 and and the the Statement Statement of[of] Recommended Recommended[Practice] Practice "Accounting "Accounting and[and] Reporting Reporting by[by] Charities" Charities" issued issued[in] in March March 2005 2005 (SORP2005).[(SORP2005).]
REFERENCE REFERENCE AND AND ADMINISTRATIVE ADMINISTRATIVE DETAILS DETAILS Reference Reference and and administrative administrative details details are are shown shown[in] in the the[schedule] schedule of[of] trustees trustees and and professional professional advisers[advisers] on on page page 1[1] of[of] the the[financial] financial statements. statements.
## STRUCTURE, STRUCTURE, GOVERNANCE GOVERNANCE AND AND MANAGEMENT MANAGEMENT
> Governing Governing Document Document
> The The charity charity is is governed governed by by a a trust trust deed deed dated dated 21 21 February February 1984, 1984, in in which which its its objects objects are are set set out. out.
Management Management Structure Structure The The trustees trustees who who served served throughout throughout the the year were: year were: Mr Mr Michael Michael Bodner Bodner Mr Mr Avigdor Avigdor Gluck Gluck Mr Mr Bernard Bernard[Joseph] Joseph
> There There[is] is no no chief chief executive executive officer officer employed employed in in the the charity. charity. The The[day] day to to[day] day affairs affairs are are undertaken undertaken[by] by the the Principal Principal Rabbi[Rabbi] Solomon Solomon[Steinhaus.] Steinhaus. The The trustees trustees oversee oversee[all] all activities[activities] and and ensure ensure[the] the efficient efficient
> and and proper proper conduct conduct of[of] the the charity. charity. Rabbi[Rabbi][Steinhaus] Steinhaus[ gives] gives of[of][his] his time[time] without[without] any any monetary monetary compensation. compensation.
> Risk Risk Review Review
> The The trustees trustees have have assessed assessed the the major major risks risks to to which which the the charity charity is[is] exposed, exposed, and and are are satisfied satisfied that that
> systems systems are are in in[place] place[to] to[mitigate] mitigate exposure exposure to[to] the[the] major major[risks.] risks.
Objectives Objectives and and activities activities The The charity's charity's objects objects are are the the advancement advancement of[of] Orthodox Orthodox Jewish Jewish education education and and[to] to alleviate alleviate poverty poverty amongst amongst[members] members of of[the] the Jewish Jewish[faith.] faith. For[For] four four decades[decades] we we[have] have concentrated[concentrated] our our resources resources[almost] almost entirely entirely on on providing providing study study bursaries[bursaries] for for students students wishing wishing[to] to advance[advance] their their Talmudic Talmudic Studies[Studies] or or Rabbinical Rabbinical courses. courses. By By so so doing, doing, we we have have achieved achieved both both objectives, objectives, as as these these students students are are invariably invariably in in dire dire financial financial need. need.
During During this this year year a a number number[of] of senior senior students students who who were were deemed[deemed][qualified] qualified[to] to[teach] teach were were employed[employed] as[as] tutors tutors running running various various religious religious[study] study programs programs[within] within[the] the[charity's] charity’s premises. premises.
> The The charity charity[disburses] disburses grants grants and and employs employs tutors[tutors] with with adherence adherence[to] to the the above above objects. objects. Such[Such] disbursements disbursements made made during during the the year year are are detailed detailed in in the the accounts. accounts.
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BETH BETH HATALMUD HATALMUD SCHOLARSHIP[SCHOLARSHIP] FUND FUND
## TRUSTEES' TRUSTEES’ REPORT REPORT (CONT.) (CONT.) FOR FOR THE THE YEAR YEAR ENDED ENDED 31 31 MARCH MARCH 2024 2024
> The The fund fund raising raising activities[activities][have] have continued continued throughout throughout the the year year[to] to enable enable the the charity[charity] to[to] meet meet its[its] objectives. objectives.
> The The Trustees Trustees have have considered considered the the guidance guidance from from the the Charity Charity Commission Commission on on[public] public benefit, benefit, and and in in particular particular the the specific specific guidance guidance for for charities charities for for the the advancement advancement[of] of[religion,] religion, and and believe that believe that these these
> activities activities ensure ensure that that the the charity charity complies complies with with this this guidance. guidance.
## ACHIEVEMENTS ACHIEVEMENTS AND AND PERFORMANCE[PERFORMANCE]
Results[for] the Results for the year year In In terms terms of of the the charity’s charity's objectives, objectives, we we are are once once again again pleased pleased to to report report a a satisfying satisfying year. year. The The students students have have continued continued[to] to immerse immerse themselves themselves[in] in their their[Talmudic] Talmudic research research with with great great dedication dedication and and the the tutoring tutoring programmes programmes have have met met with with much much success. success. Post Post[Covid,] Covid, we we have have managed managed to to reinstate reinstate a a full full range range of[of] programs programs and and activities. activities. In In the the year year ended ended 31 31 March March 2024 2024 the the charity’s charity's income from income from donations donations were were €115,567 £115,567 (2023: (2023: £149,660). E 149,660). As As always, always, we we are are extremely extremely grateful grateful to to all all our our donors donors Grants Grants received received were were £29,400[€29,400] (2023: £29,900). Total Total income income received received was was f146,007 £146,007[(2023:] (2023: £180,620). €180,620). The The overall overall level level of of disbursements disbursements for for charitable[charitable] activities[activities] were were[E] £171,770 171,770[(2023:] (2023:[E] £173,265). 173,265). The The charity charity continues continues to to maintain maintain tight[tight] controls controls over over its its costs costs whilst[whilst] maintaining efficiency maintaining efficiency - - total total support support costs costs[of] of are are only only 11% 11% of[of] total total expenditure. expenditure. Detailed Detailed information information about[about] the[the] nature nature of of these[these] disbursements disbursements is[is] provided provided in in note note 3[3] to to the the financial financial statements. statements.
Achievements Achievements Our Our ever-growing ever-growing list[list] of[of][graduates] graduates who who have have moved moved on on[to] to assume assume prominent prominent[positions] positions in[in] Jewish[Jewish] Education Education or or the the Rabbinate Rabbinate world-wide, world-wide, continues continues[to] to be[be] a[a] source source of of[great] great pride[pride] and and gratification.[gratification.] These These positions positions demand demand not not only only intellectual intellectual expertise expertise and and[theoretical] theoretical qualifications qualifications but but also[also] the the application application and and communication communication of of such such knowledge. knowledge. The The success success of of our our graduates graduates is is evidence evidence of[of] our our institution's institution's achievement achievement[in] in promoting promoting[these] these abilities. abilities.
## Reserves[Policy]
## Reserves Reserves Policy
It It is is the the policy policy of of the the charity charity to to maintain maintain unrestricted unrestricted funds funds at at a a level level sufficient sufficient to to cover cover unforeseen unforeseen major major expenditure expenditure and and shortfalls shortfalls[in] in income.[income.] The The Trustees Trustees have have[reviewed] reviewed[the] the level[level] of of reserves reserves held[held] by[by] the the charity charity and and have have[has] has concluded concluded that[that] the the current current level level of[of] reserves reserves[is] is sufficient sufficient to[to] allow allow[the] the[charity] charity to to[be] be managed managed[effectively] effectively and and to[to] continue[continue][to] to[provide] provide[uninterrupted] uninterrupted services[services][for] for the[the][foreseeable] foreseeable future. future.
## AIMS AIMS[FOR] FOR THE THE FUTURE FUTURE
Our Our aim aim is is to to maintain maintain and and consolidate consolidate our our position position as as a a centre centre of of educational educational excellence excellence in in the the training training of of Rabbis, Rabbis, teachers teachers and and youth youth leaders. leaders. As As a a well-established well-established and and respected respected institution institution of[of] 37 37 years years standing, standing, we we are are confident confident that that our our many many long-standing long-standing friends friends will will maintain maintain or or perhaps[perhaps] increase their increase their generous generous support support to[to] allow allow us us to[to] continue continue on to on to further further successes. successes.
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BETH BETH HATALMUD HATALMUD SCHOLARSHIP SCHOLARSHIP FUND FUND
> TRUSTEES' TRUSTEES’ REPORT REPORT (CONT.) (CONT.) FOR FOR THE THE YEAR YEAR ENDED ENDED 31 31 MARCH MARCH 2024 2024
> STATEMENT STATEMENT OF[OF] TRUSTEES' TRUSTEES’[RESPONSIBILITIES] RESPONSIBILITIES
> Charity Charity law law requires requires the the trustees trustees to to prepare prepare financial financial statements statements[for] for each each financial financial year year which which give[give] a a
> true true and and fair fair view view of[of] the the state state of of affairs[affairs][of] of the the Charity[Charity] and and of of its its financial financial[activities] activities for for[that] that period, period,
> together together with with its[its][assets] assets and and liabilities liabilities[at] at the the end end[of] of[ the] the period, period, and and[adequately] adequately[distinguish] distinguish any any material material special[special] trust trust or or other other restricted restricted fund[fund] of of the the Charity. Charity.[In] In preparing preparing those[those][financial] financial statements[statements] the the trustees trustees are are required required to: to:
> (a) (a) select select suitable suitable accounting accounting policies policies and and then then apply apply them them consistently; consistently;
> (b) (b) make make judgements judgements and and estimates estimates that that are are reasonable reasonable and and prudent; prudent;
> (c) (c) state state whether whether the the policies policies adopted adopted are are in in accordance accordance with with the the appropriate appropriate Statements Statements of of Recommended Recommended[Practice] Practice on Accounting on Accounting[by] by[Charities] Charities and and the the Accounting Accounting Regulations Regulations and and with[with]
> applicable applicable Accounting Accounting Standards, Standards, subject subject[to] to any any material material[departures] departures disclosed[disclosed] and and[explained] explained[in] in the[the] financial financial statements; statements; and and
> (d) (d) prepare prepare the the financial financial statements statements on on the the going going concern concern basis basis unless unless it it is is inappropriate inappropriate to to assume assume that that the the Charity will Charity will continue continue in in business. business.
> The The trustees trustees are are responsible responsible for for keeping keeping proper proper accounting accounting records records which which[disclose] disclose with with reasonable[reasonable]
> accuracy accuracy[at] at any any time[time][the] the[financial] financial[position] position of[of][ the] the[Charity] Charity[ and] and[enable] enable them[them][to] to ensure ensure that[that][ the] the financial financial statements statements comply comply with with applicable[applicable] Accounting Accounting Standards[Standards] and[and] Statements Statements of[of] Recommended[Recommended]
> Practice Practice and and the the regulations regulations of of the the Charities Charities Act Act 2011. 2011. They They are are[also] also responsible responsible for for safeguarding the safeguarding the
> assets assets of of the the[Charity] Charity and and hence hence for for taking taking reasonable reasonable steps steps for for the the prevention prevention and and detection detection of[of] fraud fraud
> or or other[other] irregularities.[irregularities.]
Approved Approved by[by] the the trustees trustees and[and] signed signed on on[its] its behalf:behalf:-
Michael Michael Bodner Bodner —Trustee — Trustee Date: Date: 6 6 January January 2025 2025
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BETH BETH HATALMUD HATALMUD SCHOLARSHIP SCHOLARSHIP FUND FUND
> INDEPENDENT EXAMINER'S INDEPENDENT EXAMINER’S REPORT REPORT TO TO THE THE TRUSTEES TRUSTEES OF OF BETH BETH HATALMUD HATALMUD SCHOLARSHIP SCHOLARSHIP FUND FUND
> FOR FOR THE THE YEAR YEAR ENDED ENDED 31 31 MARCH MARCH 2024 2024
I | report report on on the the Financial Financial Statements Statements of of the the Charity Charity for for the the year year ended ended 31 31 March March 2024 2024 which which are are set set out out on on pages pages[6] 6[to] to 9.[9.]
## Respective Respective responsibilities responsibilities of[of] trustees[trustees] and and examiner examiner
The The charity's charity's trustees trustees are are responsible responsible for for the the preparation preparation of of the the accounts. accounts. The The charity's charity's trustees trustees consider consider that that an an audit audit is is not not required required for for this this year year (under (under section section 144(2) 144(2) of of the the Charities Charities Act Act 2011 2011 (the (the Act), Act), and and that that an an independent independent examination examination is is needed. needed.
- It It is is my my responsibility responsibility to: to: • © examine examine the the accounts accounts (under (under section section 145(l)(a) 145(I)(a) of of the the 2011 2011 Act); Act); • to to follow follow the the procedures procedures laid laid down down in in the the General General Directions Directions given given by by the the Charity Charity Commission Commission (under (under[section] section[145(5)] 145(5)[of] of the the 2011 2011[Act);] Act);[and] and • ® to to state state whether whether particular particular matters matters have have come come to to my my attention. attention.
## Basis Basis of of independent independent examiner's examiner’s report report
> My My examination examination was was carried carried out[out] in[in] accordance accordance with with the the General[General] Directions Directions given[given] by[by] the the[Charity] Charity Commissioners. Commissioners. An An examination examination[includes] includes a a review review of of the the accounting accounting records records kept kept by by the the charity charity[and] and a a comparison comparison[of] of the the accounts accounts presented presented with with those those records.[records.][It] It[also] also[includes] includes consideration consideration of[of] any any unusual unusual items items or or disclosures disclosures in in the the accounts, accounts, and and seeking seeking explanations explanations from you from you as as trustees trustees concerning concerning any any such[such]
> matters. matters. The The procedures procedures undertaken undertaken do do not not provide provide all[all] the the evidence evidence[that] that would would be be required required in in an an audit audit
> and, and, consequently consequently no no opinion opinion is is given given as as to to whether whether the the accounts accounts present present a a 'true ‘true and and fair fair view’ view' and and the the report report is[is] limited limited to to those those matters matters set set out out in in the the statement statement below. below.
## Independent Independent examiner’s examiner's statement statement
- In In connection connection with with my my examination, examination, no no matter matter has has come come to to my my attention: attention: e which which[gives] gives me me reasonable reasonable cause cause[to] to believe believe[that,] that,[in] in any any material[material][respect,] respect, the the requirements: requirements: (a) (a) to to keep keep accounting accounting records records in in accordance accordance with with s130 s130 of of the the 2011 2011 Act; Act; and and (b) (b) to to prepare prepare accounts accounts which which accord accord with with the the accounting accounting records records and and to to comply with comply with the the accounting accounting requirements requirements of[of] the the 2011 2011 Act Act[have] have not[not] been[been] met;[met;] or or
- e towhich, to which, in in my my opinion, opinion, attention attention should should be[be] drawn drawn in in order order to to enable enable a a proper proper understanding understanding[of] of the the accounts accounts to to[be] be reached. reached.
M M[J] J Bloom Bloom Atkinsons Atkinsons Bloom Bloom Mayer Mayer CBX, CBX, Cobalt Cobalt Park Park Way, Way, Wallsend, Wallsend, Newcastle-upon-Tyne, Newcastle-upon-Tyne, NE28 NE28 9NZ 9NZ 6 6 January January 2025 2025
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## BETH BETH HATALMUD HATALMUD SCHOLARSHIP SCHOLARSHIP FUND FUND
## STATEMENT STATEMENT[OF] OF FINANCIAL[FINANCIAL] ACTIVITIES ACTIVITIES FOR FOR THE THE YEAR YEAR ENDED ENDED 31 31 MARCH MARCH 2024 2024
|||2024
2024|2023
2023|
|---|---|---|---|
|||£|£|
||Notes
Notes|||
|INCOMING RESOURCES
INCOMING RESOURCES||||
|Incomingresources from generated funds
Incoming resources from generated funds||||
|Voluntaryincome
Voluntary income||||
|Donations
Donations||115,567
115,567|149,660
149,660|
|Grants received
Grants received||29,400
29,400|29,900
29,900|
|||144,967
144,967|179,560
179,560|
|Investment income
Investment income||||
|UK rent receivable
UK rent receivable||1,040
1,040|1,060
1,060|
|UK interestreceivable
UK interest receivable||-|-|
|||1,040
1,040|1,060
1,060|
|TOTAL INCOMING RESOURCES
TOTAL INCOMING RESOURCES||146,007
146,007|180,620
180,620|
|RESOURCES EXPENDED
RESOURCES EXPENDED||||
|Costs of generating funds
Costs ofgenerating funds|2
2|1,257
1,257|2,351
2,351|
|Charitable activities
Charitable activities|3
3|169,747
169,747|170,218
170,218|
|Governance costs
Governance costs|4
4|696
696|696
696|
|TOTAL RESOURCES EXPENDED
TOTAL RESOURCES EXPENDED||171,700
171,700|173,265
173,265|
|NET INCOMING RESOURCES
NETINCOMING RESOURCES||(25,693)
(25,693)|7,355
7Phat|
|RECONCILIATION OF FUNDS
RECONCILIATION OF FUNDS||||
|Fund balances broughtforward at 1 April 2023
Fund balances brought forward at 1 April 2023||107,407
107,407|100,052
100,052|
|FUND BALANCES CARRIED FORWARD AT 31 MARCH 2024
FUNDBALANCESCARRIEDFORWARDAT31MARCH2024||81,714
81,714|107,407
107,407|
The The notes notes on on pages pages 8 8 to to 9 9 form form part part[of ] of these these financial financial statements statements
> -6-6-
## BETH BETH HATALMUD HATALMUD SCHOLARSHIP SCHOLARSHIP FUND FUND
BALANCE BALANCE[SHEET] SHEET AT AT[31] 31 MARCH MARCH[2024] 2024
|||2024
2024|2023
2023|
|---|---|---|---|
|||£|£|
||Notes
Notes|||
|FIXED ASSETS
FIXED ASSETS|5
5|17,274
17,274|24,691
24,691|
|CURRENT ASSETS
CURRENT ASSETS||||
|Debtors
Debtors|6
6|10,690
10,690|15,874
15,874|
|Cash at bank and in hand
Cash at bank and in hand||55,208
55,208|68,161
68,161|
|||65,898
65,898|84,035
84,035|
|CREDITORS
CREDITORS||||
|Amountsfalling due within one year
Amounts falling due within one year|7
Z|(1,458)
(1,458)|(1,319)
(1,319)|
|NET CURRENTASSETS
NETCURRENTASSETS||64,440
64,440|82,716
82,716.|
|||81,714
81,714|107,407
107,407|
|FUNDS
FUNDS||||
|Unrestricted Funds
UnrestrictedFunds||81,714
81,714|107,407
107,407|
> The The notes notes on on pages pages[8] 8 to to 9[9] form form part part[of these] of these financial financial statements statements
a 2
> BETH BETH HATALMUD HATALMUD SCHOLARSHIP SCHOLARSHIP FUND FUND
NOTES NOTES TO TO THE THE FINANCIAL[FINANCIAL] STATEMENTS STATEMENTS FOR FOR THE THE YEAR YEAR ENDED ENDED MARCH MARCH 2024 2024
1. 1. Accounting Accounting Policies Policies
The The financial financial statements statements have have been been prepared prepared under under the the historical historical cost cost convention convention and and in in accordance accordance with with applicable applicable United United Kingdom Kingdom accounting accounting standards, standards, the the Statement Statement of of Recommended Recommended Practice Practice "Accounting "Accounting and and Reporting Reporting[by] by Charities" Charities"[issued] issued[in] in March March 2005 2005[(SORP2005)] (SORP2005) and and the the Charities Charities Act Act 2011. 2011.
> a) a) Incoming Incoming Resources Resources
> Gifts Gifts and and donations donations to to the the charity charity are are recognised recognised as as income income at at the the date date of of receipt. receipt. Income Income tax tax recoverable recoverable on on gift-aided gift-aided donations donations is is recognised recognised as as[receivable] receivable[at] at the the date date[of] of receipt receipt of[of] the[the]
> original original gift gift or or donation donation irrespective irrespective of of when the when the income income tax tax was was actually actually received. received.
## b) b) Expenditure Expenditure
- e All All expenditure expenditure[is] is[accounted] accounted for for on on an an[accruals] accruals basis.[basis.]
- e Charitable Charitable expenditure expenditure includes includes all all expenditure expenditure[directly] directly related related to to the the objects objects of of the the charity charity in in accordance accordance with with the the SORP. SORP.
- e The The charity charity is is not not VAT VAT registered registered and and expenditure expenditure is is shown shown gross gross of of irrecoverable irrecoverable VAT. VAT. e Stipends Stipends paid[paid][to] to individuals individuals to to support support their their studies studies[paid] paid to to[tutors] tutors are are recognised recognised at[at] the[the] date date of of actual actual payment. payment.
- e Wages Wages[paid] paid to to tutors tutors are are brought brought to to account account when when they they are are incurred. incurred.
- e Costs Costs of[of] Generating Generating Funds Funds are are those those costs costs directly[directly][associated] associated with with fundraising. fundraising. e Governance Governance Costs Costs are are those those costs costs associated[associated][in] in[compliance] compliance with with[statutory] statutory and and constitutional constitutional requirements. requirements.
- e Support Support Costs Costs are are[general] general costs costs which which have have been been incurred[incurred][in] in order order[that] that[the] the charity charity can can operate operate effectively.[effectively.]
c) c) Fund Fund Accounting Accounting Unrestricted Unrestricted funds funds are are available available for for use use at at the the discretion discretion of of the the Trustees Trustees in in furtherance furtherance of of the the general general objectives objectives of of the the Charity. Charity.
d) d) Fixed Fixed[Assets] Assets The The Improvements Improvements to to leased leased premises premises are are reflected reflected at at cost cost and and amortised amortised over over it's it’s estimated estimated useful useful life.[life.]
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BETH BETH HATALMUD HATALMUD SCHOLARSHIP[SCHOLARSHIP] FUND FUND
## NOTES NOTES TO TO THE THE FINANCIAL FINANCIAL STATEMENTS STATEMENTS FOR FOR THE THE YEAR YEAR ENDED ENDED 31 31 MARCH MARCH 2024 2024
|||2024
2024|2023
2023|
|---|---|---|---|
|||£|£|
|2.
2.|Costsofgenerating funds
Costs ofgenerating funds|||
||Fundraising expenses
Fundraising expenses|1,257
1,257|2,351
2,391|
|3.
3.|Charitable activities
Charitable activities|||
||Student grants paid to individual students
Student grants paid to individual students|91,765
91,765|87,280
87,280|
||Wages paid to tutors
Wages paid to tutors|59,266
59,266|62,986
62,986|
||Support costs
Support costs|18,716
18,716|19,952
19,952|
|||169,747
169,747|170,218
170,218|
|4.
4.|Governance costs
Governance costs|||
||Accounting fee for independent examination
Accounting fee for independent examination|696
696|696
696|
|5.
5.|Fixed assets
Fixed assets|||
||Refurbishment & Improvements to Leased premises
Refurbishment & Improvements to Leased premises|||
||At cost
At cost|74,168
74,168|74,168
74,168|
||Amortised over 10 years
Amortised over 10 years|(56,894)
(56,894)|(49,477)
(49,477)|
|||17,274
17,274|24,691
24,691|
|6.
6.|Debtors
Debtors|||
||Loans
Loans|5,000
5,000|5,000
5,000|
||Prepaid expenses
Prepaid expenses|.|5,204
5,204|
||Rent receivable
Rent receivable|5,690
5,690|5,670
5,670|
|||10,690
10,690|15,874
15,874|
|7.
7.|Creditors
Creditors|||
||Accruals
Accruals|1,458
1,458|1,319
1,319|
|8.
8.|Staff costs
Staff costs|||
||Wages to tutors
Wagestotutors|59,266
59,266|62,986
62,986|
> No No employee employee received received emoluments emoluments of of more more than than f60,000 £60,000[(2023:] (2023: None) None)
> The The average average number number of of employees employees during during the the year year was was[7] 7 (2023: (2023:[8)] 8)
9. 9. Trustees' Trustees' remuneration remuneration and and expenses expenses The The trustees trustees received received no no remuneration remuneration nor nor reimbursement reimbursement[of] of expenses expenses during during the the year. year.
29 _9_