IRIS Accounts Production v24.3.2.46 Other Company accounts True false Pounds 1.4.23 31.3.24 31.3.24 FY FRS 102 Independent examiner Small companies regime for accounts Full Charities SORP true true true true false true false false false 0 0 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh094962952023-03-31094962952024-03-31094962952023-04-012024-03-31094962952022-03-31094962952022-04-012023-03-31094962952023-03-3109496295ns0:CharitableCompanyLimitedByGuarantee2023-04-012024-03-3109496295ns15:PoundSterling2023-04-012024-03-3109496295ns11:FRS1022023-04-012024-03-3109496295ns11:IndependentExaminationCharity2023-04-012024-03-3109496295ns11:SmallCompaniesRegimeForAccounts2023-04-012024-03-3109496295ns11:FullAccounts2023-04-012024-03-3109496295ns11:CharitiesSORP2023-04-012024-03-3109496295ns0:Trustee22023-04-012024-03-3109496295ns0:Trustee32023-04-012024-03-3109496295ns0:Trustee12023-04-012024-03-3109496295ns11:RegisteredOffice2023-04-012024-03-3109496295ns0:TotalUnrestrictedFunds2023-04-012024-03-3109496295ns0:TotalRestrictedIncomeFunds2023-04-012024-03-3109496295ns0:Activity92023-04-012024-03-3109496295ns0:TotalUnrestrictedFundsns0:Activity92023-04-012024-03-3109496295ns0:Activity9ns0:TotalRestrictedIncomeFunds2023-04-012024-03-3109496295ns0:Activity92022-04-012023-03-3109496295ns0:Activity102023-04-012024-03-3109496295ns0:TotalUnrestrictedFundsns0:Activity102023-04-012024-03-3109496295ns0:Activity10ns0:TotalRestrictedIncomeFunds2023-04-012024-03-3109496295ns0:Activity102022-04-012023-03-3109496295ns0:Activity122023-04-012024-03-3109496295ns0:Activity12ns0:TotalUnrestrictedFunds2023-04-012024-03-3109496295ns0:Activity12ns0:TotalRestrictedIncomeFunds2023-04-012024-03-3109496295ns0:Activity122022-04-012023-03-3109496295ns0:TotalUnrestrictedFunds2023-03-3109496295ns0:TotalRestrictedIncomeFunds2023-03-3109496295ns0:TotalUnrestrictedFunds2024-03-3109496295ns0:TotalRestrictedIncomeFunds2024-03-3109496295ns10:WithinOneYear2024-03-3109496295ns10:WithinOneYear2023-03-3109496295ns10:AfterOneYear2024-03-3109496295ns10:AfterOneYear2023-03-310949629512023-04-012024-03-310949629532023-04-012024-03-310949629512023-04-012024-03-310949629512022-04-012023-03-3109496295ns10:OwnedOrFreeholdAssetsns10:LandBuildings2023-03-3109496295ns10:OwnedOrFreeholdAssetsns10:LandBuildings2023-04-012024-03-3109496295ns10:OwnedOrFreeholdAssetsns10:LandBuildings2024-03-3109496295ns10:OwnedOrFreeholdAssetsns10:LandBuildings2023-03-3109496295ns10:BetweenOneTwoYears2024-03-3109496295ns10:BetweenOneTwoYears2023-03-3109496295ns10:BetweenTwoFiveYears2024-03-3109496295ns10:BetweenTwoFiveYears2023-03-3109496295ns10:Secured2024-03-3109496295ns10:Secured2023-03-31
REGISTERED COMPANY NUMBER: 09496295 (England and Wales)
REGISTERED CHARITY NUMBER: 1162774



















TOLDOS AHARON TRUST LIMITED
(A COMPANY LIMITED BY GUARANTEE)

REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

TOLDOS AHARON TRUST LIMITED






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Reference and Administrative Details 1

Report of the Trustees 2 to 3

Independent Examiner's Report 4

Statement of Financial Activities 5

Balance Sheet 6 to 7

Cash Flow Statement 8

Notes to the Cash Flow Statement 9

Notes to the Financial Statements 10 to 16

TOLDOS AHARON TRUST LIMITED

REFERENCE AND ADMINISTRATIVE DETAILS
FOR THE YEAR ENDED 31 MARCH 2024



TRUSTEES J Goldstein
A Just
L Reiner


REGISTERED OFFICE 137 Wargrave Avenue
London
N16 6TX


REGISTERED COMPANY
NUMBER
09496295 (England and Wales)


REGISTERED CHARITY NUMBER 1162774


INDEPENDENT EXAMINER Sugarwhite Meyer Accountants Ltd
First Floor
94 Stamford Hill
London
N16 6XS


BANKERS HSBC Bank plc
312 Seven Sisters Road
Finsbury Park
London
N4 2AW

TOLDOS AHARON TRUST LIMITED (REGISTERED NUMBER: 09496295)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024


Reference and administrative information
Reference and administrative information is shown on page 1 of the financial statements and forms part of this report.

OBJECTIVES AND ACTIVITIES
Objects for public benefit
The object of the charity is the advancement of the Orthodox Jewish Faith. The trustees confirm that they have given regard to the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning future activities, and setting the grant making policy for the year.

Grantmaking
In general the trustees select the institutions to be supported according to their personal knowledge of work of the institution. Whilst not actively inviting applications, they are always prepared to accept any application which will be carefully considered and help given according to circumstances and funds then available. Applications by individuals must be accompanied by a letter of recommendation by the applicant's minister or other known religious leader.

ACHIEVEMENT AND PERFORMANCE
Charitable activities
During the year the charity continued its philanthropic activities and has maintained its support of organisations engaging in advancement of religion, education and the relief of poverty. The synagogue continues to be used daily for prayer and for study about the Orthodox Jewish Faith and way of life. There are lectures and facilities for personal study. Social gatherings are held on the Sabbath and festivals. The charity also raises money for the Grand Rabbi of Toldos Aharon's network of schools and talmudical colleges.

FINANCIAL REVIEW
Reserves policy
The trustees do not seek to maintain reserves, other than to ensure that the activities of the charity can continue. Reserves at the year end were £440,263 (2023 - £338,420).

FUTURE PLANS
The charity plans to continue its activities for the foreseeable future subject to satisfactory income.

STRUCTURE, GOVERNANCE AND MANAGEMENT
Constitution
The charity is constituted as limited company and is governed by its Memorandum and Articles of Association dated 18 March 2015.

Organisational structure
The power to appoint new trustees is vested in the board. It is not the intention of the trustees to appoint any new trustees. Should the situation change in the future, the trustee will apply suitable recruitment induction and training procedures.

Risk management
The trustees have confirmed that there are no major risks to which the charity is exposed.

STATEMENT OF TRUSTEES' RESPONSIBILITIES
The trustees (who are also the directors of Toldos Aharon Trust Limited for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".


TOLDOS AHARON TRUST LIMITED (REGISTERED NUMBER: 09496295)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024


STATEMENT OF TRUSTEES' RESPONSIBILITIES - continued
Company law 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 charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

-select suitable accounting policies and then apply them consistently;
-observe the methods and principles in the Charity SORP;
-make judgements and estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on 30 January 2025 and signed on its behalf by:





L Reiner - Trustee

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
TOLDOS AHARON TRUST LIMITED

Independent examiner's report to the trustees of Toldos Aharon Trust Limited ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2024.

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.








E Meyer FCA BSc

Sugarwhite Meyer Accountants Ltd
First Floor
94 Stamford Hill
London
N16 6XS

30 January 2025

TOLDOS AHARON TRUST LIMITED

STATEMENT OF FINANCIAL ACTIVITIES
(INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 MARCH 2024

2024 2023
Unrestricted Restricted Total Total
fund fund funds funds
Notes £    £    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 2 930,816 - 930,816 847,063

Other trading activities 3 45,539 - 45,539 94,864
Total 976,355 - 976,355 941,927

EXPENDITURE ON
Raising funds 4 2,992 - 2,992 36,215

Charitable activities 5
Synagogue expenses 108,585 - 108,585 84,559
Grantmaking 760,295 - 760,295 855,283
Governance 2,640 - 2,640 3,140
Total 874,512 - 874,512 979,197

NET INCOME/(EXPENDITURE) 101,843 - 101,843 (37,270 )


RECONCILIATION OF FUNDS
Total funds brought forward 338,420 - 338,420 375,690

TOTAL FUNDS CARRIED FORWARD 440,263 - 440,263 338,420

TOLDOS AHARON TRUST LIMITED (REGISTERED NUMBER: 09496295)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 11 1,504,033 1,401,913

CURRENT ASSETS
Debtors 12 53,329 1,749
Cash at bank 6,103 35,591
59,432 37,340

CREDITORS
Amounts falling due within one year 13 (325,446 ) (289,158 )

NET CURRENT ASSETS (266,014 ) (251,818 )

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,238,019

1,150,095

CREDITORS
Amounts falling due after more than one year 14 (797,756 ) (811,675 )

NET ASSETS 440,263 338,420
FUNDS 18
Unrestricted funds:
General fund 440,263 338,420
TOTAL FUNDS 440,263 338,420

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.


The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.


TOLDOS AHARON TRUST LIMITED (REGISTERED NUMBER: 09496295)

BALANCE SHEET - continued
31 MARCH 2024

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 30 January 2025 and were signed on its behalf by:





L Reiner - Trustee

TOLDOS AHARON TRUST LIMITED

CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 MARCH 2024

2024 2023
Notes £    £   

Cash flows from operating activities
Cash generated from operations 1 86,551 44,870
Net cash provided by operating activities 86,551 44,870

Cash flows from investing activities
Purchase of tangible fixed assets (102,120 ) (37,750 )
Net cash used in investing activities (102,120 ) (37,750 )

Cash flows from financing activities
Loan repayments in year (13,919 ) (8,917 )
Net cash used in financing activities (13,919 ) (8,917 )

Change in cash and cash equivalents
in the reporting period

(29,488

)

(1,797

)
Cash and cash equivalents at the
beginning of the reporting period

35,591

37,388
Cash and cash equivalents at the end
of the reporting period

6,103

35,591

TOLDOS AHARON TRUST LIMITED

NOTES TO THE CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 MARCH 2024

1. RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING
ACTIVITIES
2024 2023
£    £   
Net income/(expenditure) for the reporting period (as per the
Statement of Financial Activities)

101,843

(37,270

)
Adjustments for:
(Increase)/decrease in debtors (51,580 ) 49,605
Increase in creditors 36,288 32,535
Net cash provided by operations 86,551 44,870


2. ANALYSIS OF CHANGES IN NET DEBT

At 1.4.23 Cash flow At 31.3.24
£    £    £   
Net cash
Cash at bank 35,591 (29,488 ) 6,103
35,591 (29,488 ) 6,103

Debt
Debts falling due within 1 year (18,900 ) - (18,900 )
Debts falling due after 1 year (811,675 ) 13,919 (797,756 )
(830,575 ) 13,919 (816,656 )
Total (794,984 ) (15,569 ) (810,553 )

TOLDOS AHARON TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

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, as modified by the revaluation of certain assets.

Critical accounting judgements and key sources of estimation uncertainty
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. These estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. The estimates and underlying assumptions are reviewed on an ongoing basis.

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.

Income received from donations and other income is accounted for when received.

Expenditure
Liabilities are recognised in the year in which they are incurred and includes irrecoverable VAT which is reported as part of the expenditure to which it relates.

Costs of raising funds comprise the costs incurred by the charity in inducing third parties to make voluntary contributions to it, as well as the cost of any activities with a fundraising purpose.

Support costs are those incurred to assist the work of the charity but are not direct charitable activities

Governance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.

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

Going concern
There are no material uncertainties about the charity's ability to continue.

Financial instruments
The charity only has financial assets and liabilities of a kind that qualify as basic financial instruments.

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 amount expected to be received or paid and not discounted.


TOLDOS AHARON TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. DONATIONS AND LEGACIES
2024 2023
Unrestricted Restricted Total Total
funds funds funds funds
£    £    £    £   
Donations 930,816 - 930,816 847,063

3. OTHER TRADING ACTIVITIES
2024 2023
Unrestricted Restricted Total Total
funds funds funds funds
£    £    £    £   
Rental income 45,539 - 45,539 94,864

4. RAISING FUNDS

Raising donations and legacies
2024 2023
Unrestricted Restricted Total Total
funds funds funds funds
£    £    £    £   
Fundraising costs 2,992 - 2,992 26,960


Investment management costs
2024 2023
Unrestricted Restricted Total Total
funds funds funds funds
£    £    £    £   
Portfolio management - - - 9,255

Aggregate amounts 2,992 - 2,992 36,215


TOLDOS AHARON TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. CHARITABLE ACTIVITIES COSTS
Grant
funding of
Direct activities Support
Costs (see (see note costs (see
note 6) 7) note 8) Totals
£    £    £    £   
Synagogue expenses 108,585 - - 108,585
Grantmaking - 760,295 - 760,295
Governance - - 2,640 2,640
108,585 760,295 2,640 871,520

6. DIRECT COSTS OF CHARITABLE ACTIVITIES
2024 2023
£    £   
Synagogue events 20,428 19,202
Synagogue upkeep 88,157 65,357
108,585 84,559

7. GRANTS PAYABLE
2024 2023
£    £   
Grantmaking 760,295 855,283
The total grants paid to institutions during the year was as follows:
2024 2023
£    £   
Advancement of religion 510,720 430,495
Relief of poverty 20,948 175,700
Religious education 105,068 26,945
General purposes - 2,750
636,736 635,890

Congregation Mosdos Toldos Aharon 472,620
Tzidkas Yoseph 102,000
Vitapsk 21,900
Mosdos Porisov 13,000
Kollel Pshevorsk 12,800
Others under £9,000 14,416
636,736

The total grants paid to individuals during the year was as follows:
2024 2023
£    £   
Relief of poverty 123,559 219,393

TOLDOS AHARON TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

8. SUPPORT COSTS
Governanc
costs
£   
Governance 2,640

Support costs, included in the above, are as follows:
2024 2023
Total
Governance activities
£    £   
Independent examiner's fee 1,080 1,080
Independent examiner's other fees 1,920 1,920
General expenses - 140
Fees waived (360 ) -
2,640 3,140

9. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.


Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.


10. STAFF NUMBERS

The average number of staff in the year was Nil (2023 - Nil).

11. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1 April 2023 1,401,913
Additions 102,120
At 31 March 2024 1,504,033
NET BOOK VALUE
At 31 March 2024 1,504,033
At 31 March 2023 1,401,913

The charity's asset is held for for functional use and therefore has not been revalued and is shown at cost.

TOLDOS AHARON TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 53,329 1,749

13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 15) 18,900 18,900
Other creditors 302,047 266,899
Accruals and deferred income 4,499 3,359
325,446 289,158

14. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans (see note 15) 797,756 811,675

15. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year on demand:
Bank loans 18,900 18,900
Amounts falling between one and two years:
Bank loans - 1-2 years 18,900 18,900
Amounts falling due between two and five years:
Bank loans - 2-5 years 56,700 56,700
Bank loan 33,929 38,525
90,629 95,225
Amounts falling due in more than five years:

Repayable by instalments:
Unity Bank 688,227 697,550


TOLDOS AHARON TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

16. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 816,656 830,575

The bank loan is secured by legal charges over the charity's property.

17. ANALYSIS OF NET ASSETS BETWEEN FUNDS
2024 2023
Unrestricted Restricted Total Total
fund fund funds funds
£    £    £    £   
Fixed assets 1,504,033 - 1,504,033 1,401,913
Current assets 59,432 - 59,432 37,340
Current liabilities (325,446 ) - (325,446 ) (289,158 )
Long term liabilities (797,756 ) - (797,756 ) (811,675 )
440,263 - 440,263 338,420

18. MOVEMENT IN FUNDS
Net
movement At
At 1.4.23 in funds 31.3.24
£    £    £   
Unrestricted funds
General fund 338,420 101,843 440,263

TOTAL FUNDS 338,420 101,843 440,263

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

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 976,355 (874,512 ) 101,843

TOTAL FUNDS 976,355 (874,512 ) 101,843


TOLDOS AHARON TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

18. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net
movement At
At 1.4.22 in funds 31.3.23
£    £    £   
Unrestricted funds
General fund 375,690 (37,270 ) 338,420

TOTAL FUNDS 375,690 (37,270 ) 338,420

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

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 941,927 (979,197 ) (37,270 )

TOTAL FUNDS 941,927 (979,197 ) (37,270 )

19. RELATED PARTY DISCLOSURES

Debtors include £51,580(2023 - £1,000 credit) owed by a charity in which a trustee of Toldos Aharon Trust Ltd has an interest.