REGISTERED COMPANY NUMBER: 03946374 (England and Wales)

REGISTERED CHARITY NUMBER: 1085436

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

GATESHEAD ACADEMY FOR TORAH STUDIES

LIMITED

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

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 2024. 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.

ACHIEVEMENTS 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 deficit for the year of £85,153 (surplus of £55,296 in 2023) and our reserves stand at a surplus of £3,462 (£88,615 in 2023).

As a Trustee, I am pleased to report that substantial improvements have been made to the property we have been using. These works were undertaken with the assurance that all associated costs would be covered by donations pledged by one or two of our close and reliable supporters. We are grateful to confirm that these guarantees were honoured in full, and the project was completed without financial strain on the organisation. The donations were specifically allocated for this purpose, and thanks to this generous support, we now benefit from significantly enlarged and more comfortable premises. Importantly, we are able to use these improved facilities rent-free, which will greatly enhance our capacity to serve our community and fulfil our mission.

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

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 2 September 2025 and signed on its behalf by:

Rabbi Anthony Katz - Trustee

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 30 November 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

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

2 September 2025

2024

2023

Unrestricted

Restricted

Total

Total

fund

fund

funds

funds

Notes

£

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

60,486

42,740

103,226

160,375

Investment income

2

279

-

279

170

Total

60,765

42,740

103,505

160,545

EXPENDITURE ON

Raising funds

12,206

42,740

54,946

10,517

Charitable activities

Management and administration

133,712

-

133,712

94,732

Total

145,918

42,740

188,658

105,249

NET INCOME/(EXPENDITURE)

(85,153

)

-

(85,153

)

55,296

RECONCILIATION OF FUNDS

Total funds brought forward

88,615

-

88,615

33,319

TOTAL FUNDS CARRIED FORWARD

3,462

-

3,462

88,615

2024

2023

Unrestricted

Restricted

Total

Total

fund

fund

funds

funds

Notes

£

£

£

£

CURRENT ASSETS

Debtors

7

1,000

-

1,000

44,564

Cash at bank

3,786

-

3,786

45,175

4,786

-

4,786

89,739

CREDITORS

Amounts falling due within one year

8

(1,324

)

-

(1,324

)

(1,124

)

NET CURRENT ASSETS

3,462

-

3,462

88,615

TOTAL ASSETS LESS CURRENT LIABILITIES

3,462

-

3,462

88,615

NET ASSETS

3,462

-

3,462

88,615

FUNDS

9

Unrestricted funds

3,462

88,615

TOTAL FUNDS

3,462

88,615

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

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

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 2 September 2025 and were signed on its behalf by:

Rabbi Anthony Katz - Trustee

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.

2.	INVESTMENT INCOME

2024

2023

£

£

Deposit account interest

279

170

3.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 30 November 2024 nor for the year ended 30 November 2023.

Trustees' expenses

There were no trustees' expenses paid for the year ended 30 November 2024 nor for the year ended 30 November 2023.

4.	STAFF COSTS

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

2024

2023

Consultancy and research

-

6

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

5.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted

Restricted

Total

fund

fund

funds

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

160,375

-

160,375

Investment income

170

-

170

Total

160,545

-

160,545

EXPENDITURE ON

Raising funds

10,517

-

10,517

Charitable activities

Management and administration

94,732

-

94,732

Total

105,249

-

105,249

NET INCOME

55,296

-

55,296

RECONCILIATION OF FUNDS

Total funds brought forward

33,319

-

33,319

TOTAL FUNDS CARRIED FORWARD

88,615

-

88,615

6.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 December 2023 and 30 November 2024

709

DEPRECIATION

At 1 December 2023 and 30 November 2024

709

NET BOOK VALUE

At 30 November 2024

-

At 30 November 2023

-

7.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Deposit

-

42,740

Whinney House Limited

1,000

1,000

Net wages

-

297

Gift aid receivable

-

527

1,000

44,564

8.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Accrued expenses

1,324

1,124

9.	MOVEMENT IN FUNDS

Net

At

movement

At

1.12.23

in funds

30.11.24

£

£

£

Unrestricted funds

General fund

88,615

(85,153

)

3,462

TOTAL FUNDS

88,615

(85,153

)

3,462

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

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

60,765

(145,918

)

(85,153

)

Restricted funds

For building maintenance

42,740

(42,740

)

-

TOTAL FUNDS

103,505

(188,658

)

(85,153

)

Comparatives for 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

Comparative 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

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

Net

At

movement

At

1.12.22

in funds

30.11.24

£

£

£

Unrestricted funds

General fund

33,319

(29,857

)

3,462

TOTAL FUNDS

33,319

(29,857

)

3,462

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

221,310

(251,167

)

(29,857

)

Restricted funds

For building maintenance

42,740

(42,740

)

-

TOTAL FUNDS

264,050

(293,907

)

(29,857

)

10.	RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 30 November 2024.