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REGISTERED COMPANY NUMBER: 03946374 (England and Wales)
REGISTERED CHARITY NUMBER: 1085436














REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH NOVEMBER 2023

FOR

GATESHEAD ACADEMY FOR TORAH STUDIES
LIMITED

GATESHEAD ACADEMY FOR TORAH STUDIES
LIMITED

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2023










Page

Report of the Trustees 1 to 2

Independent Examiner's Report 3

Statement of Financial Activities 4

Statement of Financial Position 5 to 6

Notes to the Financial Statements 7 to 12

GATESHEAD ACADEMY FOR TORAH STUDIES
LIMITED (REGISTERED NUMBER: 03946374)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30TH 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 30th 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 object and principal activity continues to be that of the advancement of Orthodox Jewish Religious Education amongst members of the Jewish faith throughout the world and such other charitable purposes as the Charity may from time to time determine.

The Charity is organised so that the Directors and Trustees meet regularly to manage its affairs and deal with the day to day administration.

ACHIEVEMENT AND PERFORMANCE
Charitable activities
The trustees are satisfied with the level of donations during the year and are confident of a growth in the foreseeable future.

FINANCIAL REVIEW
The Statement of Financial Activities shows a surplus for the year of £55,296 (£18,067 in 2022) and our reserves stand at a surplus of £88,615 (£33,319 in 2022).

FUTURE PLANS
The need for our services is increasing and we plan to continue doing what we can to assist. However, the Trustees realise that we must use the resources we have wisely and so we will continue to target those problems where we have expertise to make the most difference. We therefore intend to continue our approach of education and training, with further projects to build on the previous ones.

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
03946374 (England and Wales)

Registered Charity number
1085436

Registered office
27 Oxford Terrace
Gateshead
Tyne and Wear
NE8 1RQ

Trustees
Rabbi Anthony Katz
Jeremy Compton Russell


GATESHEAD ACADEMY FOR TORAH STUDIES
LIMITED (REGISTERED NUMBER: 03946374)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30TH NOVEMBER 2023


REFERENCE AND ADMINISTRATIVE DETAILS
Company Secretary
Jeremy Compton Russell

Independent Examiner
Joey Joseph
Joseph Kahan Associates LLP
Chartered Accountants
923 Finchley Road
London
NW11 7PE

Approved by order of the board of trustees on 27th August 2024 and signed on its behalf by:





Rabbi Anthony Katz - Trustee

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
GATESHEAD ACADEMY FOR TORAH STUDIES
LIMITED


Independent examiner's report to the trustees of Gateshead Academy For Torah Studies Limited ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 30th 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
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.








Joey Joseph

Joseph Kahan Associates LLP
Chartered Accountants
923 Finchley Road
London
NW11 7PE

27th August 2024

GATESHEAD ACADEMY FOR TORAH STUDIES
LIMITED

STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 30TH NOVEMBER 2023

2023 2022
Unrestricted Total
fund funds
Notes £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 160,375 113,064

Investment income 2 170 6
Total 160,545 113,070

EXPENDITURE ON
Raising funds 10,517 8,139

Charitable activities
Management and administration 94,732 86,864
Total 105,249 95,003

NET INCOME 55,296 18,067


RECONCILIATION OF FUNDS
Total funds brought forward 33,319 15,252

TOTAL FUNDS CARRIED FORWARD 88,615 33,319

GATESHEAD ACADEMY FOR TORAH STUDIES
LIMITED (REGISTERED NUMBER: 03946374)

STATEMENT OF FINANCIAL POSITION
30TH NOVEMBER 2023

2023 2022
Unrestricted Total
fund funds
Notes £    £   
CURRENT ASSETS
Debtors 7 44,564 23,135
Cash at bank 45,175 11,308
89,739 34,443

CREDITORS
Amounts falling due within one year 8 (1,124 ) (1,124 )

NET CURRENT ASSETS 88,615 33,319

TOTAL ASSETS LESS CURRENT
LIABILITIES

88,615

33,319

NET ASSETS 88,615 33,319
FUNDS 9
Unrestricted funds 88,615 33,319
TOTAL FUNDS 88,615 33,319

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


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


GATESHEAD ACADEMY FOR TORAH STUDIES
LIMITED (REGISTERED NUMBER: 03946374)

STATEMENT OF FINANCIAL POSITION - continued
30TH 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 27th August 2024 and were signed on its behalf by:





Rabbi Anthony Katz - Trustee

GATESHEAD ACADEMY FOR TORAH STUDIES
LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.


Computer equipment - 50% on cost

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.


GATESHEAD ACADEMY FOR TORAH STUDIES
LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2023


2. INVESTMENT INCOME
2023 2022
£    £   
Deposit account interest 170 6

3. TRUSTEES' REMUNERATION AND BENEFITS

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


Trustees' expenses

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


4. STAFF COSTS

The average monthly number of employees during the year was as follows:

2023 2022
Consultancy and research 6 4

No employees received emoluments in excess of £60,000.

5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£   
INCOME AND ENDOWMENTS FROM
Donations and legacies 113,064

Investment income 6
Total 113,070

EXPENDITURE ON
Raising funds 8,139

Charitable activities
Management and administration 86,864
Total 95,003

NET INCOME 18,067


RECONCILIATION OF FUNDS
Total funds brought forward 15,252

GATESHEAD ACADEMY FOR TORAH STUDIES
LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2023


5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted
fund
£   

TOTAL FUNDS CARRIED FORWARD 33,319

6. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1st December 2022 and
30th November 2023

709

DEPRECIATION
At 1st December 2022 and
30th November 2023

709

NET BOOK VALUE
At 30th November 2023 -
At 30th November 2022 -

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Deposit 42,740 21,833
Whinney 1,000 1,000
Net wages 297 -
Gift aid receivable 527 302
44,564 23,135


GATESHEAD ACADEMY FOR TORAH STUDIES
LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2023


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Accrued expenses 1,124 1,124

9. MOVEMENT IN FUNDS
Net
At movement At
1.12.22 in funds 30.11.23
£    £    £   
Unrestricted funds
General fund 33,319 55,296 88,615

TOTAL FUNDS 33,319 55,296 88,615

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

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 160,545 (105,249 ) 55,296

TOTAL FUNDS 160,545 (105,249 ) 55,296


Comparatives for movement in funds

Net
At movement At
1.12.21 in funds 30.11.22
£    £    £   
Unrestricted funds
General fund 15,252 18,067 33,319

TOTAL FUNDS 15,252 18,067 33,319

GATESHEAD ACADEMY FOR TORAH STUDIES
LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2023


9. MOVEMENT IN FUNDS - continued

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

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 113,070 (95,003 ) 18,067

TOTAL FUNDS 113,070 (95,003 ) 18,067

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

Net
At movement At
1.12.21 in funds 30.11.23
£    £    £   
Unrestricted funds
General fund 15,252 73,363 88,615

TOTAL FUNDS 15,252 73,363 88,615

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 273,615 (200,252 ) 73,363

TOTAL FUNDS 273,615 (200,252 ) 73,363


GATESHEAD ACADEMY FOR TORAH STUDIES
LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2023


10. RELATED PARTY DISCLOSURES

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