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COMPANY REGISTRATION NUMBER: 5802046
CHARITY REGISTRATION NUMBER: 1172895
Beis Hatalmud Manchester
Company Limited by Guarantee
Unaudited Financial Statements
31 August 2023
Beis Hatalmud Manchester
Company Limited by Guarantee
Financial Statements
Year ended 31 August 2023
Page
Trustees' annual report (incorporating the director's report)
1
Independent examiner's report to the trustees
5
Statement of financial activities (including income and expenditure account)
7
Statement of financial position
8
Statement of cash flows
9
Notes to the financial statements
10
Beis Hatalmud Manchester
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report)
Year ended 31 August 2023
The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 August 2023 .
Reference and administrative details
Registered charity name
Beis Hatalmud Manchester
Charity registration number
1172895
Company registration number
5802046
Principal office and registered
2nd Floor - Parkgates
office
Bury New Road
Prestwich
Manchester
M25 0TL
The trustees
Y Emanuel
A Henry
J Josefovitz
Independent examiner
Mr Howard Schwalbe ACA
2nd Floor - Parkgates
Bury New Road
Prestwich
Manchester
M25 0TL
Structure, governance and management
Governing Document
Beis Hatalmud Manchester is constituted by Memorandum and Articles of Association and is a company limited by guarantee. It was incorporated on 02 May 2006 as a company and the company number is 5802046 . It was registered as a charity on 05 May 2017 with a charity number being 1172895 .
Governing Body
The trustees of the Charity are legally responsible for the overall management of the school. The day to day running of the school is undertaken by the Principal and the senior teaching staff. The Principal is aware of the need to follow best practice and is actively reviewing the organisational structure of the school and the method by which new trustees are appointed. This ongoing review has concluded that the organisational structures in place are sufficient and robust to take the school into the future. The Trustees are kept informed of the running of the school and new Trustees will be appointed when and if the need arises.
Recruitment and appointment of new trustees would be in line with the Memorandum and Articles of Association and with the consent of the trustees. The criteria set for the suitable candidate would be someone who is sensitive to the needs and demands of the organisation.
There is no chief executive officer. The day to day affairs are undertaken by Mr M Kohn on behalf of the trustees. All major decisions are taken collectively by the trustees and all the trustees give of their time freely. The trustees are unpaid and details of any related party transactions are disclosed as applicable in the notes to the accounts. The arrangements for setting the pay of the charity’s employees are the sole domain of the trustees.
Training and induction of trustees is applied as applicable.
Risk review
The Trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the Trust, and are satisfied that systems are in place to manage our exposure to the major risks.
The risks faced by the trust are principally operational risks from ineffective running of the school. These risks are managed by the trustees ensuring the right staff are utilised and the right policies are implemented.
Report back and review procedures strengthen these safeguards to ensure public benefit is achieved from all aspects of the school management.
Risk Management
The process of examining the risks to which the Charity is exposed is ongoing and the trustees are planning to further develop systems to monitor and control these risks in order to lessen their potential impact on the Charity.
Public Benefit
The trustees confirm that they have referred to the guidance contained in the Charity Commission’s general guidance on public benefit and in particular to its supplementary public benefit guidance on advancing education when reviewing the charity’s aims and objectives and in planning future activities.
Objectives and activities
Charitable Objects
The Charity’s objects, as set out in the Memorandum and Articles of Association, are the advancement of Jewish religious education, Talmudic research and education generally.
Aims
The main aim of the Charity continued to be the provision of educational facilities to Jewish boys of high school age.
Objectives for the year
This year, the focus has been on the continued achievement of academic performance.
Principal Activities of the year
The school provided education to 121 boys aged 11 to 16.
Grant making policy
The charity would give out grants in line with the above objects.
There were no individual or institutional grants made during the year.
The trustees consider they have met the public benefit test and outline these achievements below.
The trustees consider the shorter term aims to be similar to the longer term aims and assess the achievement of the charity in the same way.
Strategic report
The following sections for achievements and performance and financial review form the strategic report of the charity.
Achievements and performance
The charity recorded £434,403 in voluntary contributions, registration fees, childcare and rent receivable during the year. Additionally the charity received £171,896 in donations and grants. The charity also had security grants receivable amounting to £36,837.
The charity paid out £672,460 on running costs of the school including instruction & other direct management costs and support costs.
Fundraising costs incurred during the year are as disclosed in the notes to the accounts.
The charity has support and governance costs comprising professional fees, administrative wages and sundry other costs.
There were no investments made during the year.
Charitable grants awarded during the year are detailed in the notes to the accounts.
Related party transactions in the reporting period are as disclosed in the notes to the accounts.
There was an overall net loss and net movement in funds for the year amounting to £29,324.
Financial review
Results for the year
Other income in respect of contributions, childcare and fees was similar to the previous year.
Reserves Policy
The trustees have reviewed the level of reserves held by the Charity. The review has concluded that to allow the Charity to be managed efficiently and to provide a buffer for uninterrupted services the level of free reserves, being those not tied up in fixed assets, needs to be maintained at not less than six months expenditure.
The free reserves, being the net current assets of the charity, stand at £17,487, all of which are unrestricted.
Statement of trustees’ responsibilities
The trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these 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 judgments and accounting estimates that are reasonable and prudent; state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements, and 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 sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the constitution. 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.
The trustees' annual report and the strategic report were approved on 9 April 2024 and signed on behalf of the board of trustees by:
A Henry
Trustee
Beis Hatalmud Manchester
Company Limited by Guarantee
Independent Examiner's Report to the Trustees of Beis Hatalmud Manchester
Year ended 31 August 2023
I report to the trustees on my examination of the financial statements of Beis Hatalmud Manchester ('the charity') for the year ended 31 August 2023.
Responsibilities and basis of report
As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements 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 the 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 the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales (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 charity as required by section 386 of the 2006 Act; or
2. the financial statements do not accord with those records; or
3. the financial statements 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 financial statements 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 Howard Schwalbe ACA Independent Examiner
2nd Floor - Parkgates Bury New Road Prestwich Manchester M25 0TL
9 April 2024
Beis Hatalmud Manchester
Company Limited by Guarantee
Statement of Financial Activities
(including income and expenditure account)
Year ended 31 August 2023
2023
2022
Unrestricted funds
Restricted funds
Total funds
Total funds
Note
£
£
£
£
Income and endowments
Donations and legacies
5
171,896
36,837
208,733
228,510
Charitable activities
6
8,864
8,864
7,350
Other income
7
425,539
425,539
351,225
---------
--------
---------
---------
Total income
606,299
36,837
643,136
587,085
---------
--------
---------
---------
Expenditure
Expenditure on charitable activities
8,9
635,624
36,837
672,460
584,940
---------
--------
---------
---------
Total expenditure
635,624
36,837
672,460
584,940
---------
--------
---------
---------
---------
--------
---------
---------
Net (expenditure)/income and net movement in funds
( 29,325)
( 29,324)
2,145
---------
--------
---------
---------
Reconciliation of funds
Total funds brought forward
982,149
982,149
980,004
---------
--------
---------
---------
Total funds carried forward
952,824
952,824
982,149
---------
--------
---------
---------
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
Beis Hatalmud Manchester
Company Limited by Guarantee
Statement of Financial Position
31 August 2023
2023
2022
Note
£
£
Fixed assets
Tangible fixed assets
15
935,338
952,858
Current assets
Cash at bank and in hand
35,373
41,050
Creditors: amounts falling due within one year
16
17,886
11,759
--------
--------
Net current assets
17,487
29,291
---------
---------
Total assets less current liabilities
952,825
982,149
---------
---------
Net assets
952,825
982,149
---------
---------
Funds of the charity
Unrestricted funds
952,824
982,149
---------
---------
Total charity funds
18
952,824
982,149
---------
---------
For the year ending 31 August 2023 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
These financial statements were approved by the board of trustees and authorised for issue on 9 April 2024 , and are signed on behalf of the board by:
A Henry
Trustee
Beis Hatalmud Manchester
Company Limited by Guarantee
Statement of Cash Flows
Year ended 31 August 2023
2023
2022
£
£
Cash flows from operating activities
Net (expenditure)/income
(29,324)
2,145
Adjustments for:
Depreciation of tangible fixed assets
27,096
26,945
Accrued (income)/expenses
( 840)
240
Changes in:
Trade and other debtors
192
Trade and other creditors
6,967
5,542
--------
--------
Cash generated from operations
3,899
35,064
-------
--------
Net cash from operating activities
3,899
35,064
-------
--------
Cash flows from investing activities
Purchase of tangible assets
( 9,576)
( 22,327)
-------
--------
Net cash used in investing activities
( 9,576)
( 22,327)
-------
--------
Net (decrease)/increase in cash and cash equivalents
( 5,677)
12,737
Cash and cash equivalents at beginning of year
41,050
28,313
--------
--------
Cash and cash equivalents at end of year
35,373
41,050
--------
--------
Beis Hatalmud Manchester
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 August 2023
1. General information
The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is 2nd Floor - Parkgates, Bury New Road, Prestwich, Manchester, M25 0TL.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Companies Act 2006.
3. 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 financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Fair value
Debtors and creditors are fairly stated.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements did not require management to make judgements, estimates or assumptions that affect the amounts reported.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
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 be 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 estimated 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 for the 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 incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement 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 charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. 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.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Freehold property
-
2% straight line
Equipment
-
15% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.
Financial instruments
A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs. Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Debt instruments are subsequently measured at amortised cost. Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises.
4. Limited by guarantee
Beis Hatalmud Manchester is a company limited by guarantee and does not have a share capital. In the event of the company being wound up, members are required to contribute an amount not exceeding £10.
5. Donations and legacies
Unrestricted Funds
Restricted Funds
Total Funds 2023
£
£
£
Donations
Donations
171,896
171,896
Grants
Security grants
36,837
36,837
JRS Grants
---------
--------
---------
171,896
36,837
208,733
---------
--------
---------
Unrestricted Funds
Restricted Funds
Total Funds 2022
£
£
£
Donations
Donations
195,360
195,360
Grants
Security grants
32,466
32,466
JRS Grants
684
684
---------
--------
---------
196,044
32,466
228,510
---------
--------
---------
6. Charitable activities
Unrestricted Funds
Total Funds 2023
Unrestricted Funds
Total Funds 2022
£
£
£
£
Sundry registration fees
8,864
8,864
7,350
7,350
-------
-------
-------
-------
7. Other income
Unrestricted Funds
Total Funds 2023
Unrestricted Funds
Total Funds 2022
£
£
£
£
Fees receivable
66,635
66,635
51,640
51,640
Rent receivable
2,772
2,772
3,300
3,300
Childcare
356,132
356,132
296,285
296,285
---------
---------
---------
---------
425,539
425,539
351,225
351,225
---------
---------
---------
---------
8. Expenditure on charitable activities by fund type
Unrestricted Funds
Restricted Funds
Total Funds 2023
£
£
£
Running and maintenance of the school
580,544
36,837
617,381
Support costs
55,080
55,079
---------
--------
---------
635,624
36,837
672,460
---------
--------
---------
Unrestricted Funds
Restricted Funds
Total Funds 2022
£
£
£
Running and maintenance of the school
524,155
32,466
556,620
Support costs
28,319
28,320
---------
--------
---------
552,474
32,466
584,940
---------
--------
---------
9. Expenditure on charitable activities by activity type
Activities undertaken directly
Support costs
Total funds 2023
Total fund 2022
£
£
£
£
Running and maintenance of the school
617,381
51,085
668,466
576,269
Governance costs
3,994
3,994
8,671
---------
--------
---------
---------
617,381
55,079
672,460
584,940
---------
--------
---------
---------
10. Analysis of support costs
Analysis of support costs
Total 2023
Total 2022
£
£
£
Staff costs
50,541
50,541
19,508
General office
544
544
141
Governance costs
3,996
3,996
8,672
--------
--------
--------
55,081
55,081
28,321
--------
--------
--------
11. Net (expenditure)/income
Net (expenditure)/income is stated after charging/(crediting):
2023
2022
£
£
Depreciation of tangible fixed assets
27,096
26,945
--------
--------
12. Independent examination fees
2023
2022
£
£
Fees payable to the independent examiner for:
Independent examination of the financial statements
1,800
2,640
-------
-------
13. Staff costs
The total staff costs and employee benefits for the reporting period are analysed as follows:
2023
2022
£
£
Wages and salaries
366,267
298,339
Social security costs
12,262
11,164
Employer contributions to pension plans
27,691
13,103
---------
---------
406,220
322,606
---------
---------
The average head count of employees during the year was 25 (2022: 22 ). The average number of full-time equivalent employees during the year is analysed as follows:
2023
2022
No.
No.
Number of teaching staff
23
20
Number of administrative staff
2
2
----
----
25
22
----
----
No employee received employee benefits of more than £60,000 during the year (2022: Nil).
14. Trustee remuneration and expenses
No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.
15. Tangible fixed assets
Freehold property
Equipment
Total
£
£
£
Cost
At 1 September 2022
1,091,539
296,909
1,388,448
Additions
3,998
5,578
9,576
------------
---------
------------
At 31 August 2023
1,095,537
302,487
1,398,024
------------
---------
------------
Depreciation
At 1 September 2022
167,669
267,921
435,590
Charge for the year
21,911
5,185
27,096
------------
---------
------------
At 31 August 2023
189,580
273,106
462,686
------------
---------
------------
Carrying amount
At 31 August 2023
905,957
29,381
935,338
------------
---------
------------
At 31 August 2022
923,870
28,988
952,858
------------
---------
------------
16. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
8,416
6,304
Accruals and deferred income
1,800
2,640
Social security and other taxes
7,670
2,815
--------
--------
17,886
11,759
--------
--------
17. Pensions and other post retirement benefits
Defined contribution plans
The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £ 27,691 (2022: £ 13,103 ).
18. Analysis of charitable funds
Unrestricted funds
At 1 September 2022
Income
Expenditure
At 31 August 2023
£
£
£
£
General funds
982,149
606,299
(635,624)
952,824
---------
---------
---------
---------
At 1 September 2021
Income
Expenditure
At 31 August 2022
£
£
£
£
General funds
980,004
554,619
(552,474)
982,149
---------
---------
---------
---------
Restricted funds
At 1 September 2022
Income
Expenditure
At 31 August 2023
£
£
£
£
Restricted fund - grants receivable
36,837
(36,837)
----
--------
--------
----
At 1 September 2021
Income
Expenditure
At 31 August 2022
£
£
£
£
Restricted fund - grants receivable
32,466
(32,466)
----
--------
--------
----
19. Analysis of net assets between funds
Unrestricted Funds
Total Funds 2023
£
£
Tangible fixed assets
935,338
935,338
Current assets
35,373
35,373
Creditors less than 1 year
(17,886)
(17,886)
---------
---------
Net assets
952,825
952,825
---------
---------
Unrestricted Funds
Total Funds 2022
£
£
Tangible fixed assets
952,858
952,858
Current assets
41,050
41,050
Creditors less than 1 year
(11,759)
(11,759)
---------
---------
Net assets
982,149
982,149
---------
---------
20. Analysis of changes in net debt
At 1 Sep 2022
Cash flows
At 31 Aug 2023
£
£
£
Cash at bank and in hand
41,050
(5,677)
35,373
--------
-------
--------
21. Related parties
Mr A Henry , trustee of Beis Hatalmud Manchester , is also a trustee of Ner Foundation. During the year Beis Hatalmud Manchester Received donations totalling £10,500 from Ner Foundation
22. Taxation
Beis Hatalmud Manchester is a registered charity and therefore is not liable to income tax on income derived from its charitable activities, as it falls within the various exemptions available to registered charities.