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 2023
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 2023
| 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 2023
TRUSTEES
TRUSTEES I Heitner I Traube M Borzokovski 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
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COLEL POLEN KUPATH RAMBAN LIMITED (REGISTERED NUMBER: 02325191)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 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 31 March 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).
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
During the under review there was an decrease in income of about 6%. However the was an increase in both raising funds and grantmaking which gave rise to a deficit for the year, being funded from reserves held.
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 free reserves, were £6,767 (2022 - £36,897).
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.
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COLEL POLEN KUPATH RAMBAN LIMITED (REGISTERED NUMBER: 02325191)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023
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 13 December 2023 and signed on its behalf by:
I Traube - Trustee
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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 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
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 ERROR - relevant professional body must be completed, 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:
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accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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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
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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
13 December 2023
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COLEL POLEN KUPATH RAMBAN LIMITED
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2023
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 405,511 EXPENDITURE ON Raising funds 2 94,857 Charitable activities 3 Grantmaking 336,980 Support 3,804 Total 435,641 NET INCOME/(EXPENDITURE) (30,130) RECONCILIATION OF FUNDS Total funds brought forward 36,897 TOTAL FUNDS CARRIED FORWARD 6,767 |
Restricted fund £ - - - - - - - - |
2023 Total funds £ 405,511 94,857 336,980 3,804 435,641 (30,130) 36,897 6,767 |
2022 Total funds £ 432,925 |
|---|---|---|---|
| 89,110 312,455 2,611 |
|||
| 404,176 | |||
| 28,749 8,148 |
|||
| 36,897 |
The notes form part of these financial statements
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COLEL POLEN KUPATH RAMBAN LIMITED (REGISTERED NUMBER: 02325191)
BALANCE SHEET 31 MARCH 2023
| 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 |
2023 £ 13,172 (6,405) 6,767 6,767 6,767 6,767 6,767 |
2022 £ 44,901 (8,004) 36,897 36,897 36,897 36,897 36,897 |
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(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 13 December 2023 and were signed on its behalf by:
I Traube - Trustee
The notes form part of these financial statements
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COLEL POLEN KUPATH RAMBAN LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 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
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
| Unrestricted Restricted funds funds £ £ Staff costs 15,811 - Brochures, postage and station ery 24,336 - Function expenses 28,002 - Office expenditure 13,139 - Advertising 3,720 - Telephone 2,068 - Credit card charges 1,644 - General expenses 6,137 - 94,857 - |
2023 Total funds £ 15,811 24,336 28,002 13,139 3,720 2,068 1,644 6,137 94,857 |
2022 Total funds £ 14,828 12,722 29,676 15,300 - 1,501 881 14,202 |
|---|---|---|
| 89,110 |
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COLEL POLEN KUPATH RAMBAN LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023
3. CHARITABLE ACTIVITIES COSTS
| Grant funding of activities (see note 4) £ Grantmaking 336,980 Support - 336,980 4. GRANTS PAYABLE Grantmaking The total grants paid to institutions during the year was as follows: Relief of poverty Advancement of education Advancement of religion Social welfare Kupath Ramban, Israel Others under £11,000 |
Support costs (see note 5) £ - 3,804 3,804 2023 £ 336,980 2023 £ 324,630 3,500 8,850 - 336,980 323,730 13,250 336,980 |
Totals £ 336,980 3,804 |
|---|---|---|
| 340,784 | ||
| 2022 £ 312,455 |
||
| 2022 £ 298,210 7,745 500 6,000 |
||
| 312,455 | ||
5. SUPPORT COSTS
Support
Governance costs £ 3,804
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COLEL POLEN KUPATH RAMBAN LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023
5. SUPPORT COSTS - continued
Support costs, included in the above, are as follows:
Governance costs
| Governance costs | ||
|---|---|---|
| 2023 | 2022 | |
| Total | ||
| Support | activities | |
| £ | £ | |
| Independent examiner's fee | 480 | 480 |
| Independent examiner's other fees | 1,680 | 1,620 |
| General expenses | 1,824 | 511 |
| Fees waived | (180) | - |
| 3,804 | 2,611 |
6. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022.
7. STAFF COSTS
| Wages and salaries The average monthly number of employees during the year was as follows: Office staff |
2023 £ 15,811 15,811 2023 - |
2022 £ 14,828 |
|---|---|---|
| 14,828 | ||
| 2022 2 |
No employees received emoluments in excess of £60,000.
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COLEL POLEN KUPATH RAMBAN LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023
| 8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Wages and salaries control Accruals and deferred income 9. ANALYSIS OF NET ASSETS BETWEEN FUNDS Unrestricted Restricted fund fund £ £ Current assets 13,172 - Current liabilities (6,405) - 6,767 - 10. MOVEMENT IN FUNDS At 1.4.22 £ Unrestricted funds General fund 36,897 TOTAL FUNDS 36,897 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 405,511 TOTAL FUNDS 405,511 Comparatives for movement in funds At 1.4.21 £ Unrestricted funds General fund 8,148 TOTAL FUNDS 8,148 |
2023 2022 £ £ 1,321 1,236 5,084 6,768 6,405 8,004 2023 2022 Total Total funds funds £ £ 13,172 44,901 (6,405) (8,004) 6,767 36,897 Net movement At in funds 31.3.23 £ £ (30,130) 6,767 (30,130) 6,767 Resources Movement expended in funds £ £ (435,641) (30,130) (435,641) (30,130) Net movement At in funds 31.3.22 £ £ 28,749 36,897 28,749 36,897 |
|---|---|
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COLEL POLEN KUPATH RAMBAN LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023
10. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 432,925 432,925 |
Resources Movement expended in funds £ £ (404,176) 28,749 (404,176) 28,749 |
|---|---|---|
11. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2023.
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