REGISTERED COMPANY NUMBER: 02325191 (England and Wales) REGISTERED CHARITY NUMBER: 1002487 COLEL POLEN KUPATH RAMBAN LIMITED (A COMPANY LIMITED BY GUARANTEE) REPORT OF THE TRUSTEES AND ## FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Sugarwhite Meyer Accountants Ltd First Floor 94 Stamford Hill London N16 6XS COLEL POLEN KUPATH RAMBAN LIMITED ## CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 ||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| |Notes to the Financial Statements|7 to 11| COLEL POLEN KUPATH RAMBAN LIMITED ## REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 MARCH 2022 |TRUSTEES|I Heitner| |---|---| ||I Traube| ||M Borzokovski (appointed 8.12.21)| |REGISTERED OFFICE|First Floor| ||94 Stamford Hill| ||London| ||N16 6XS| |REGISTERED COMPANY|02325191 (England and Wales)| |NUMBER|| |REGISTERED CHARITY|1002487| |NUMBER|| |INDEPENDENT EXAMINER|Sugarwhite Meyer Accountants Ltd| ||First Floor| ||94 Stamford Hill| ||London| ||N16 6XS| Page 1 ## COLEL POLEN KUPATH RAMBAN LIMITED ## REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022 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 31 March 2022. 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). ## 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 ## Objectives and aims The objects of the charity are,the advancement of religion in accordance with the Orthodox Jewish Faith and the relief of poverty. The charity give special regard to Kupath Ramban, Israel, a charity which makes grants for mother and baby care and medical aid. In addition it gives general financial support, especially to assist widows and orphans. It has opened an outlet for low cost food, clothing and home equipment , it also gives interest free loans. The trustees confirm that they have given due regard the Charity Commission's guidance on public benefit. ## 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. ## ACHIEVEMENT AND PERFORMANCE ## Review of activities and performance The trustees are pleased with the results of year. Due to the relaxation of Covid restrictions the trustees were able to hold a fundraising reception. There was an increase in expenditure which was more than compensated for by the 22% increase in income, turning the previous years loss into a surplus. ## FINANCIAL REVIEW ## Reserves policy The trustees do not seek to maintain reserves, other than to ensure that they can continue the activities of the charity. Reserves at the year end which are all free reserves were £36,897 (2021 - £8,148). ## FUTURE PLANS The trustees anticipate that the charity will continue on a similar basis in the foreseeable future subject to satisfactory income and there are no plans for any major changes. ## STRUCTURE, GOVERNANCE AND MANAGEMENT ## Constitution The charity is constituted as a company limited by guarantee and is governed by its Memorandum and Articles of Association dated 5th December 1988 as amended 19th July 1989. ## Organisational structure The power to appoint new trustees is vested in the current board.It is not the intention of the trustees 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. ## Risk review The trustees have reviewed the major risks that the charity is exposed and confirm that they have established systems to mitigate them. Page 2 COLEL POLEN KUPATH RAMBAN LIMITED ## REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022 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 18 January 2023 and signed on its behalf by: I Traube - Trustee Page 3 ## INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF COLEL POLEN KUPATH RAMBAN LIMITED Independent examiner's report to the trustees of Colel Polen Kupath Ramban Limited ('the Company') I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2022. ## 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 registered member of 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 Institute of Chartered Accountants in England and Wales Sugarwhite Meyer Accountants Ltd First Floor 94 Stamford Hill London N16 6XS 18 January 2023 Page 4 ## COLEL POLEN KUPATH RAMBAN LIMITED ## STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2022 |Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
432,925
EXPENDITURE ON
Raising funds
2
89,110
Charitable activities
3
Charitable activities
315,066
Total
404,176
NET INCOME/(EXPENDITURE)
28,749
RECONCILIATION OF FUNDS
Total funds brought forward
8,148
TOTAL FUNDS CARRIED FORWARD
36,897|Restricted
fund
£
-
-
-
-
-
-
-|2022
Total
funds
£
432,925
89,110
315,066
404,176
28,749
8,148
36,897|2021
Total
funds
£
353,316
38,265
317,089
355,354
(2,038)
10,186
8,148| |---|---|---|---| The notes form part of these financial statements Page 5 COLEL POLEN KUPATH RAMBAN LIMITED (REGISTERED NUMBER: 02325191) ## BALANCE SHEET 31 MARCH 2022 |Notes
CURRENT ASSETS
Cash at bank
CREDITORS
Amounts falling due within one year
8
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
NET ASSETS
FUNDS
10
Unrestricted funds:
General fund
TOTAL FUNDS|2022
£
44,901
(8,004)
36,897
36,897
36,897
36,897
36,897|2021
£
11,186
(3,038)
8,148
8,148
8,148
8,148
8,148| |---|---|---| The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022. The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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 18 January 2023 and were signed on its behalf by: I Traube - Trustee The notes form part of these financial statements Page 6 COLEL POLEN KUPATH RAMBAN LIMITED ## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 ## 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 Donations are recognised in the Statement of Financial Activities of the charity 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. Raising funds are the costs of generating income and do not include the costs of disseminating information in support of the charitable activities. 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. ## 2. RAISING FUNDS ## Raising donations and legacies |Raising donations and legacies||| |---|---|---| |Unrestricted
Restricted
funds
funds
£
£
Staff costs
14,828
-
Brochures, postage and station ery
12,722
-
Function expenses
29,676
-
Office expenditure
15,300
-
Advertising
-
-
Telephone
1,501
-
Credit card charges
881
-
General expenses
14,202
-
89,110
-|2022
Total
funds
£
14,828
12,722
29,676
15,300
-
1,501
881
14,202
89,110|2021
Total
funds
£
8,932
4,673
4,254
13,100
225
956
610
5,515| |||38,265| Page 7 ## COLEL POLEN KUPATH RAMBAN LIMITED ## NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022 ## 3. CHARITABLE ACTIVITIES COSTS |Grant
funding of
activities
(see note
4)
£
Charitable activities
312,455
4.
GRANTS PAYABLE
Charitable activities
The total grants paid to institutions during the year was as follows:
Relief of poverty
Religious education
Advancement of religion
Social welfare
Kupath Ramban, Israel
Others under £6,500
5.
SUPPORT COSTS
Charitable activities
Support costs, included in the above, are as follows:
Governance costs|Support
costs (see
note 5)
Totals
£
£
2,611
315,066
2022
2021
£
£
312,455
314,850
2022
2021
£
£
298,210
307,450
7,745
7,400
500
-
6,000
-
312,455
314,850
293,000
19,455
312,455
Governance
costs
£
2,611| |---|---| |Governance costs||| |---|---|---| ||2022|2021| ||Charitable|Total| ||activities|activities| ||£|£| |Independent examiner's fee|480|420| |Independent examiner's other fees|1,620|1,500| |General expenses|511|499| |Fees waived|-|(180)| ||2,611|2,239| Page 8 ## COLEL POLEN KUPATH RAMBAN LIMITED ## NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022 ## 6. TRUSTEES' REMUNERATION AND BENEFITS There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021. ## Trustees' expenses There were no trustees' expenses paid for the year ended 31 March 2022 nor for the year ended 31 March 2021. 7. STAFF COSTS |STAFF COSTS||| |---|---|---| |Wages and salaries|2022
£
14,828
14,828|2021
£
8,932| |||8,932| The average monthly number of employees during the year was as follows: |Office staff
No employees received emoluments in excess of £60,000.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Wages and salaries control
Accruals and deferred income||2022
2
2022
£
1,236
6,768
8,004||2021
2
2021
£
1,119
1,919| |---|---|---|---|---| |||||| |||||3,038| ## 8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR ## 9. ANALYSIS OF NET ASSETS BETWEEN FUNDS |ANALYSIS OF NET ASSETS BETWEEN FUNDS||| |---|---|---| |Unrestricted
Restricted
fund
fund
£
£
Current assets
44,901
-
Current liabilities
(8,004)
-
36,897
-|2022
Total
funds
£
44,901
(8,004)
36,897|2021
Total
funds
£
11,186
(3,038| |||8,148| Page 9 ## COLEL POLEN KUPATH RAMBAN LIMITED ## NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022 ## 10. MOVEMENT IN FUNDS |At 1.4.21
£
Unrestricted funds
General fund
8,148
TOTAL FUNDS
8,148
Net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
432,925
TOTAL FUNDS
432,925
Comparatives for movement in funds
At 1.4.20
£
Unrestricted funds
General fund
10,186
TOTAL FUNDS
10,186
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
352,170
Restricted funds
Restricted fund
1,146
TOTAL FUNDS
353,316|Net
movement
At
in funds
31.3.22
£
£
28,749
36,897
28,749
36,897
Resources
Movement
expended
in funds
£
£
(404,176)
28,749
(404,176)
28,749
Net
movement
At
in funds
31.3.21
£
£
(2,038)
8,148
(2,038)
8,148
Resources
Movement
expended
in funds
£
£
(354,208)
(2,038)
(1,146)
-
(355,354)
(2,038)| |---|---| Page 10 COLEL POLEN KUPATH RAMBAN LIMITED ## NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022 ## 11. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 March 2022. Page 11