HASMODAS HATORAH FOUNDATION
1. The advancement of the Jewish religion for the public benefit, by the provision of religious education,religious services and facilities for religious education and study.2. For the public benefit, the prevention and relief of poverty and financial hardship.
Objects
1. THE ADVANCEMENT OF THE JEWISH RELIGION FOR THE PUBLIC BENEFIT, BY THE PROVISION OF RELIGIOUS EDUCATION, RELIGIOUS SERVICES AND FACILITIES FOR RELIGIOUS EDUCATION AND STUDY. 2. FOR THE PUBLIC BENEFIT, THE PREVENTION AND RELIEF OF POVERTY AND FINANCIAL HARDSHIP.
Financial health, per its FY2024 accounts
The accounts state that the charity ended the year with unrestricted funds in surplus of £1,591, a significant improvement from the previous year's deficit of £1,864. Per the trustees' report, the charity generated a net income of £3,455 from donations of £89,354 against total expenditures of £85,899. The trustees note they are actively pursuing funding sources to ensure sufficient reserves for financial stability.
What the accounts disclose
“Income from donations aggregated £89,354.” — page 3
“It is the policy of the charity to maintain unrestricted funds, which are the free reserves of the charity, at a level, which the trustees think appropriate after considering the future commitments of the charity and the likely administrative costs of the charity.” — page 3
Policies the charity declares
- Engaging external speakers at charity events policy and procedures
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Serious incident reporting policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
Trustees
- YAKOV MOSHE KINDchair
- Chaim Nutovics
- Rachel Arberman
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £89k | £86k |
| 31/12/2023 | £89k | £91k |
| 31/12/2022 | £9k | £9k |
Common questions
Is HASMODAS HATORAH FOUNDATION financially healthy?
Per its FY2024 accounts: The accounts state that the charity ended the year with unrestricted funds in surplus of £1,591, a significant improvement from the previous year's deficit of £1,864. Per the trustees' report, the charity generated a net income of £3,455 from donations of £89,354 against total expenditures of £85,899. The trustees note they are actively pursuing funding sources to ensure sufficient reserves for financial stability. Its FY2024 accounts were independently examined.