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REGISTERED COMPANY NUMBER: 07079321 (England and Wales)
REGISTERED CHARITY NUMBER: 1136805














Report of the Trustees and

Unaudited Financial Statements for the Year Ended 30 November 2021

for

BEIS HAMEDRASH NISHMAS YISROEL LIMITED

BEIS HAMEDRASH NISHMAS YISROEL LIMITED






Contents of the Financial Statements
for the Year Ended 30 November 2021




Page

Report of the Trustees 1 to 2

Independent Examiner's Report 3

Statement of Financial Activities 4

Balance Sheet 5 to 6

Notes to the Financial Statements 7 to 11

BEIS HAMEDRASH NISHMAS YISROEL LIMITED (Registered number: 07079321)

Report of the Trustees
for the Year Ended 30 November 2021


The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 November 2021. 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).

OBJECTIVES AND ACTIVITIES
Objectives and aims
The charity's objects ("objects") are specifically restricted to the following:

The relief of financial hardship, either generally or individually, amongst the elderly or in conditions of need, hardship and distress within the Jewish Community by making grants of money for providing or paying for items, services or facilities or providing such persons with goods or services which they could not otherwise afford through lack of means to advance the orthodox Jewish religion for the benefit of the public through the holding of prayer meetings, study sessions, lectures, public celebration of religious festivals in accordance with the tenets of the orthodox Jewish religion. To advance the education of Jewish pupils according to the tenets of the orthodox Jewish religion by providing and assisting in the provision of appropriate facilities needed for such purposes. To promote any purpose that the trustees may decide and that is legally considered charitable.

Public benefit
The Trustees confirm their compliance with the duty to have due regard to the Public Benefit guidance published by the Charity Commission when reviewing the charity's aims and objectives and in planning future activities.

Grantmaking
Grants are made to charitable institutions and organisations which accord with the objects of the charity, as well as to individuals and families in need.

ACHIEVEMENT AND PERFORMANCE
Charitable activities
The trustees consider that the performance of the charity has been most satisfactory. During the year, the synagogue run by the charity held regular prayer services and study sessions as well as offering various programmes and lectures to the wider community. The charity also made grants to institutions and individuals amounting to £65,242 (2020: £60,546).

FINANCIAL REVIEW
Principal funding sources
The charity's income is comprised mainly of voluntary donations received from individuals and other charitable organisations.

Reserves policy
The charity does not maintain a reserves policy, as reserves are distributed when they become available, at the trustees' discretion. The present level of funding is adequate to support the continuation of its objects and the trustees consider the financial position of the charity to be satisfactory.

FUTURE PLANS
There are no significant future developments to report.

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is a charitable company limited by guarantee. It is governed by a memorandum and articles of association incorporated on 17 November 2009.

Induction and training of new trustees
It is not the intention of the charity to appoint any new trustees. Should the situation change in the future, the trustees will apply suitable recruitment, induction and training procedures. At every trustee body meeting, time is set aside for trustee training of current significance.


BEIS HAMEDRASH NISHMAS YISROEL LIMITED (Registered number: 07079321)

Report of the Trustees
for the Year Ended 30 November 2021


STRUCTURE, GOVERNANCE AND MANAGEMENT
Risk management
The trustees have identified and reviewed the major risks to which the charity is exposed. Both manual and automated checks are regularly invoked, particularly those relating to the operations and finance of the charity. The trustees are satisfied that these systems and procedures mitigate any perceived risks.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
07079321 (England and Wales)

Registered Charity number
1136805

Registered office
5 North End Road
London
NW11 7RJ

Trustees
D Z Conway
S Unsdorfer
A Gertner
B Groszman

Company Secretary
A Gertner

Independent Examiner
Mr A Heller, FCA
ICAEW
Martin+Heller
5 North End Road
London
NW11 7RJ

Approved by order of the board of trustees on 28 August 2022 and signed on its behalf by:





A Gertner - Trustee

Independent Examiner's Report to the Trustees of
BEIS HAMEDRASH NISHMAS YISROEL LIMITED

Independent examiner's report to the trustees of BEIS HAMEDRASH NISHMAS YISROEL LIMITED ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 November 2021.

Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 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 registered member of ICAEW which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

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.








Mr A Heller, FCA
ICAEW
Martin+Heller
5 North End Road
London
NW11 7RJ

28 August 2022

BEIS HAMEDRASH NISHMAS YISROEL LIMITED

Statement of Financial Activities
for the Year Ended 30 November 2021

30.11.21 30.11.20
Unrestricted Restricted Total Total
fund fund funds funds
Notes £    £    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 248,287 119,149 367,436 320,709

Investment income 2 23,395 - 23,395 20,680
Other income 10,009 - 10,009 4,739
Total 281,691 119,149 400,840 346,128

EXPENDITURE ON
Charitable activities
Donations 48,482 16,760 65,242 60,546
Synagogue rent and expenses 210,485 55,082 265,567 299,997
Other - 41,238 41,238 -
Total 258,967 113,080 372,047 360,543

NET INCOME/(EXPENDITURE) 22,724 6,069 28,793 (14,415 )


RECONCILIATION OF FUNDS

Total funds brought forward 326,558 116,501 443,059 457,474

TOTAL FUNDS CARRIED FORWARD 349,282 122,570 471,852 443,059

BEIS HAMEDRASH NISHMAS YISROEL LIMITED (Registered number: 07079321)

Balance Sheet
30 November 2021

30.11.21 30.11.20
Unrestricted Restricted Total Total
fund fund funds funds
Notes £    £    £    £   
CURRENT ASSETS
Debtors 6 - 4,155 4,155 6,795
Investments 7 241,636 - 241,636 240,828
Cash at bank and in hand 107,646 130,894 238,540 207,915
349,282 135,049 484,331 455,538

CREDITORS
Amounts falling due within one year 8 - (12,479 ) (12,479 ) (12,479 )

NET CURRENT ASSETS 349,282 122,570 471,852 443,059

TOTAL ASSETS LESS CURRENT
LIABILITIES

349,282

122,570

471,852

443,059

NET ASSETS 349,282 122,570 471,852 443,059
FUNDS 9
Unrestricted funds 349,282 326,558
Restricted funds 122,570 116,501
TOTAL FUNDS 471,852 443,059

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2021.


The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2021 in accordance with Section 476 of the Companies Act 2006.


The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.


BEIS HAMEDRASH NISHMAS YISROEL LIMITED (Registered number: 07079321)

Balance Sheet - continued
30 November 2021

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.


The financial statements were approved by the Board of Trustees and authorised for issue on 28 August 2022 and were signed on its behalf by:





A Gertner - Trustee

BEIS HAMEDRASH NISHMAS YISROEL LIMITED

Notes to the Financial Statements
for the Year Ended 30 November 2021

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements of the charitable company, 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 Companies Act 2006. 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
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. 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.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Taxation
The charity is exempt from corporation tax on its charitable activities.

Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2. INVESTMENT INCOME
30.11.21 30.11.20
£    £   
Rents received 21,000 18,375
Deposit account interest 20 179
Curr asset inv income 2,375 2,126
23,395 20,680


BEIS HAMEDRASH NISHMAS YISROEL LIMITED

Notes to the Financial Statements - continued
for the Year Ended 30 November 2021

3. GRANTS PAYABLE
30.11.21 30.11.20
£    £   
Donations 65,242 60,546

During the year, grants to institutions amounted to £48,482.

Total grants paid to institutions is comprised as follows:

Gitter Foundation 9,000
Kosher Outlet 32,000
Zlozitz Kollel Israel 3,000
Other amounts < £2,000 4,482
48,482

4. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 30 November 2021 nor for the year ended 30 November 2020.


Trustees' expenses

There were no trustees' expenses paid for the year ended 30 November 2021 nor for the year ended 30 November 2020.


5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
fund fund funds
£    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 212,468 108,241 320,709

Investment income 20,680 - 20,680
Other income 4,739 - 4,739
Total 237,887 108,241 346,128

EXPENDITURE ON
Charitable activities
Donations 21,696 38,850 60,546
Synagogue rent and expenses 245,583 54,414 299,997
Total 267,279 93,264 360,543

NET INCOME/(EXPENDITURE) (29,392 ) 14,977 (14,415 )


RECONCILIATION OF FUNDS

Total funds brought forward 355,950 101,524 457,474


BEIS HAMEDRASH NISHMAS YISROEL LIMITED

Notes to the Financial Statements - continued
for the Year Ended 30 November 2021

5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted Restricted Total
fund fund funds
£    £    £   
TOTAL FUNDS CARRIED FORWARD 326,558 116,501 443,059

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.21 30.11.20
£    £   
Other debtors 4,155 6,795

7. CURRENT ASSET INVESTMENTS
30.11.21 30.11.20
£    £   
Other Investments 241,636 240,828

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.21 30.11.20
£    £   
Other creditors 12,479 12,479

9. MOVEMENT IN FUNDS
Net
At movement At
1/12/20 in funds 30/11/21
£    £    £   
Unrestricted funds
General fund 326,558 22,724 349,282

Restricted funds
Restricted fund 116,501 6,069 122,570

TOTAL FUNDS 443,059 28,793 471,852

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 281,691 (258,967 ) 22,724

Restricted funds
Restricted fund 119,149 (113,080 ) 6,069

TOTAL FUNDS 400,840 (372,047 ) 28,793


BEIS HAMEDRASH NISHMAS YISROEL LIMITED

Notes to the Financial Statements - continued
for the Year Ended 30 November 2021

9. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net
At movement At
1/12/19 in funds 30/11/20
£    £    £   
Unrestricted funds
General fund 355,950 (29,392 ) 326,558

Restricted funds
Restricted fund 101,524 14,977 116,501

TOTAL FUNDS 457,474 (14,415 ) 443,059

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 237,887 (267,279 ) (29,392 )

Restricted funds
Restricted fund 108,241 (93,264 ) 14,977

TOTAL FUNDS 346,128 (360,543 ) (14,415 )

A current year 12 months and prior year 12 months combined position is as follows:

Net
At movement At
1/12/19 in funds 30/11/21
£    £    £   
Unrestricted funds
General fund 355,950 (6,668 ) 349,282

Restricted funds
Restricted fund 101,524 21,046 122,570

TOTAL FUNDS 457,474 14,378 471,852

BEIS HAMEDRASH NISHMAS YISROEL LIMITED

Notes to the Financial Statements - continued
for the Year Ended 30 November 2021

9. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 519,578 (526,246 ) (6,668 )

Restricted funds
Restricted fund 227,390 (206,344 ) 21,046

TOTAL FUNDS 746,968 (732,590 ) 14,378

10. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 30 November 2021.