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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 2023

for

BEIS HAMEDRASH NISHMAS YISROEL LIMITED

BEIS HAMEDRASH NISHMAS YISROEL LIMITED

Contents of the Financial Statements
for the Year Ended 30 November 2023










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 2023



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 2023. 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 £72,055 (2022: £65,960).

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 2023


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
Martin+Heller
5 North End Road
London
NW11 7RJ

Approved by order of the board of trustees on 27 August 2024 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 2023.

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 member of the Institute of Chartered Accountants in England and Wales, 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

Martin+Heller
5 North End Road
London
NW11 7RJ

Date: .............................................

BEIS HAMEDRASH NISHMAS YISROEL LIMITED

Statement of Financial Activities
for the Year Ended 30 November 2023

30.11.23 30.11.22
Unrestricted Restricted Total Total
fund fund funds funds
Notes £ £ £ £
INCOME AND ENDOWMENTS FROM
Donations and legacies 198,793 136,484 335,277 416,590

Investment income 2 6,636 - 6,636 2,894
Other income 19,675 - 19,675 25,930
Total 225,104 136,484 361,588 445,414

EXPENDITURE ON
Charitable activities
Donations 65,800 6,255 72,055 65,960
Synagogue rent and expenses 157,373 186,168 343,541 332,225
Other charitable activities - - - 37,903
Total 223,173 192,423 415,596 436,088

NET INCOME/(EXPENDITURE) 1,931 (55,939 ) (54,008 ) 9,326


RECONCILIATION OF FUNDS
Total funds brought forward 360,131 121,047 481,178 471,852

TOTAL FUNDS CARRIED FORWARD 362,062 65,108 427,170 481,178

BEIS HAMEDRASH NISHMAS YISROEL LIMITED (Registered number: 07079321)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Unrestricted Restricted Total Total
fund fund funds funds
Notes £ £ £ £
CURRENT ASSETS
Debtors 6 - 4,125 4,125 3,015
Investments 7 245,872 - 245,872 242,861
Cash at bank and in hand 116,190 71,462 187,652 247,781
362,062 75,587 437,649 493,657

CREDITORS
Amounts falling due within one year 8 - (10,479 ) (10,479 ) (12,479 )

NET CURRENT ASSETS 362,062 65,108 427,170 481,178

TOTAL ASSETS LESS CURRENT
LIABILITIES

362,062

65,108

427,170

481,178

NET ASSETS 362,062 65,108 427,170 481,178
FUNDS 9
Unrestricted funds 362,062 360,131
Restricted funds 65,108 121,047
TOTAL FUNDS 427,170 481,178

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.


The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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 2023

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 27 August 2024 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 2023


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
30.11.23 30.11.22
£ £
Deposit account interest 1,544 340
Curr asset inv income 5,092 2,554
6,636 2,894


BEIS HAMEDRASH NISHMAS YISROEL LIMITED

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023


3. GRANTS PAYABLE
30.11.23 30.11.22
£ £
Donations 72,055 65,960

During the year, grants to institutions amounted to £65,800.

Total grants paid to institutions is comprised as follows:

Gitter Foundation 14,000
Kosher Outlet 51,500
Other amounts < £2,000 300
65,800

4. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 30 November 2023 nor for the year ended 30 November 2022.


Trustees' expenses

There were no trustees' expenses paid for the year ended 30 November 2023 nor for the year ended 30 November 2022.


5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
fund fund funds
£ £ £
INCOME AND ENDOWMENTS FROM
Donations and legacies 264,363 152,227 416,590

Investment income 2,894 - 2,894
Other income 25,930 - 25,930
Total 293,187 152,227 445,414

EXPENDITURE ON
Charitable activities
Donations 60,315 5,645 65,960
Synagogue rent and expenses 222,023 110,202 332,225
Other charitable activities - 37,903 37,903
Total 282,338 153,750 436,088

NET INCOME/(EXPENDITURE) 10,849 (1,523 ) 9,326


RECONCILIATION OF FUNDS
Total funds brought forward 349,282 122,570 471,852


BEIS HAMEDRASH NISHMAS YISROEL LIMITED

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023


5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted Restricted Total
fund fund funds
£ £ £
TOTAL FUNDS CARRIED FORWARD 360,131 121,047 481,178

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£ £
Other debtors 4,125 3,015

7. CURRENT ASSET INVESTMENTS
30.11.23 30.11.22
£ £
Other Investments 245,872 242,861

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£ £
Other creditors 10,479 12,479

9. MOVEMENT IN FUNDS
Net
movement At
At 1/12/22 in funds 30/11/23
£ £ £
Unrestricted funds
General fund 360,131 1,931 362,062

Restricted funds
Restricted fund 121,047 (55,939 ) 65,108

TOTAL FUNDS 481,178 (54,008 ) 427,170

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

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 225,104 (223,173 ) 1,931

Restricted funds
Restricted fund 136,484 (192,423 ) (55,939 )

TOTAL FUNDS 361,588 (415,596 ) (54,008 )


BEIS HAMEDRASH NISHMAS YISROEL LIMITED

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023


9. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net
movement At
At 1/12/21 in funds 30/11/22
£ £ £
Unrestricted funds
General fund 349,282 10,849 360,131

Restricted funds
Restricted fund 122,570 (1,523 ) 121,047

TOTAL FUNDS 471,852 9,326 481,178

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

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 293,187 (282,338 ) 10,849

Restricted funds
Restricted fund 152,227 (153,750 ) (1,523 )

TOTAL FUNDS 445,414 (436,088 ) 9,326

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

Net
movement At
At 1/12/21 in funds 30/11/23
£ £ £
Unrestricted funds
General fund 349,282 12,780 362,062

Restricted funds
Restricted fund 122,570 (57,462 ) 65,108

TOTAL FUNDS 471,852 (44,682 ) 427,170

BEIS HAMEDRASH NISHMAS YISROEL LIMITED

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023


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 518,291 (505,511 ) 12,780

Restricted funds
Restricted fund 288,711 (346,173 ) (57,462 )

TOTAL FUNDS 807,002 (851,684 ) (44,682 )

10. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 30 November 2023.