BRITISH FRIENDS OF THE GIBRALTAR KOLLEL ANNUAL REPORT YEAR ENDED 30 SEPTEMBER 2024 BRITISH FRIENDS OF THE GLBRALTAR KOLLEL ATqNUAL REPORT YEAR ENDED 30 SEvfEMBER 2024 CONTENTS Inforn]ation Trustees, report Independent Examiner's Report Accounts BRITISH FRIENDS OF THE GIB￿1LTAR KOLLEL ANNUAL REPORT YEAR ENDED 30 SEIYTEMBER 2024 INFORMATION Trustees Rabbi A Hassan SVM Cohen Y Ibgui AS Belijo N Hassan Charity number 1071809 Re￿stered address l Holden Road Salford Manchester M7 4NL Bankers The Royal Bank of Scotland plc 38 Mosley Street Manchester M60 2BE Inland Revenue Number XR32621 Independent Examiner Loma Maynard FCC.4 International Commercial Centre Casemates Gibraltar BRITISH FRIENDS OF THE GIBRALTAR KOLLEL ANNUAL REPORT YEAR ENDED 30 SEvfEMBER 2024 TRUSTEES, REPORT The trustees present their repott and accounts Eor the yeat ended 30 September 2024. I£gal The British Friends of the Gibraltar Kollel is constituted by Deed of Trnst dated I l December 1997 and is a tegisteicd ch￿lty since 2 October 1998. The charitable objectives of the charity are to advance education in the Jewish faith by assisting young men to become R2bbis, to provide support for Jewish educ2tion in schools, to advance rehy'ous activities in synagogues and for the relief of poverty. Ttustees The trustees during the year were the following. Rabbi A Hassan - Chairman SVM Cohen - Tteasuter Y tbgui AS Belilo N Hassan Review of progtess and achievements The charity commenced its work on 2 Octobei 1998 and the trustees are satisfied with the resuLts to date. Review of financial activities The charity 2chieved a total income from donations of £87,384 2nd from bank interest of £664. Donations towards the above objectives were £86,664 and there were no other expenses. general ￿lld catried forward at the year end was £27,725 and included a surplus of £1,384 for the year. For and on behalf of the trnstees SVM Cohen - Tteasuret Date AS Belilo - Tmstee Date 24107/2025 24/07/2025 BR]TISH FRIENDS OF THE GIBRALTAR KOLLEL ANNUAL REPORT YEAR ENDED 30 SEvfEMBER 2024 INDEPE DENT EXAMINER'S REPORT TO THE TRUSTEES OF BRITISH FRIENDS OF THE GIBRALTAR KOLLEL. I report on the accounts ol die ch2rity for the year ended 30 September 2024, which set out on page 5 and 6. Respective tesponsibilities of trustees and examinet The charity's trustees are responsible Eor the prepatation of the 2ccounts. The charity's trustees considet that an 2udit ts not required for this year under section 144 (2) of the Charities Act 2011 (the 2011 Act) and that an independent examination Is needed. It ts my responsibihty to: examine the accounts under section 145 of the 2011 ACL to follow the procedutes laid down in the general directions given by the Charity Commission (under section 145(5) (b) of the 2011 Act, and to state whether particular matters have come to my attention. Basis of independent examinets teport My examination was carried out in accoidance vjith general Directions given by the Charity Conunission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also indudes consideration of any unusu21 items or disclosures in the accounts, and seekmg explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be tequited in an audit, and consequently no opinion ts given as to whether the accounts present 2 'trne and fair, view and the report is Jimited to those matters set out in the statement bdow. Independent examinees statement In connection with my examination, no matter has come to my attention: whLch gives me reasonable cause to believe that in, any material respec¢ the tequitements: to keep accounting recotds in 2ccord2nce with section 130 of the 2011 Act; and to ptepare accounts whtch accotd with the accouniing records and comply with the accounting requirements of thc 2011 Act have not been met. or 2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Lotna Maynard FC International Com Casemates Glbialtat etcial Centre 2t4kJ￿￿{ BRITISH FRIENDS OF THE GIBRALTAR KOLLEL ANNUAL REPORT YEAR ENDED 30 SEiyfEMBER 2024 ACCOUNTS Receipt and payments account fot the yeat ended 30 Septembet 2024 11 2024 2023 Income teceipts Doiiations from voluntary Soufces B2nk interest income 87, 384 664 88,048 61, 722 316 6? 038 Total receipts Ditect payments Payments to ch2ritable causes Banlc Charges 86, 664 61, 686 40 Total payments 86, 664 61, 726 Surplus for the year 1, 384 312 Statement of assets and liabilities at 30 September 2024 2024 2023 Monetary assets Cash at bank 106, 353 49, 169 Cuttent liabilities Defetted Income (78, 628) (22, 828) Net assets 27, 725 26, 341 General Fund Opening balance Sutplus for the yeat 26, 341 1, 384 26, 029 312 Closing ba12nce 27, 725 26, 341 The accounts wete Si￿ed 2nd approved on behalf of the trustees on 24/0712025 SVM Cohen - Treasutet AS Belilo - Trustee BRITISH FRIENDS OF THE GIBILILTAR KOLLEL ANNUAL REPORT YEAR ENDED 30 SEPTEMBER 2024 Notes to the Accounts - Accounting policies Statement of accounting policies The following accounting pohcies have been applied consistendy in dealmg with items which 2re consideied matertal in re12tion to the financial statements. Basis of ptepatatio These financial statements have been prepared in accordance with the Staternent ofRecommeKded Prarlice (the SORP) and in accordance with applicable Accounting Standatds. Basis of accounting The financial statements are prepared in accordance with the hi8tOriC21 cost convention. Recognition of income Income donations is teeogtiised in the period for which it is teceived. All income from short-term deposits is creilited to the income and expelldit￿e account in the period iii which it is eamed. Foreign cutrency translation Transactions denominated in Eoreign currencies ate recorded using the rate of exchange ruling at the date of the transaction. onetary assets and liabilities denominated in foreign cuttencies ate translated at the rates of exchange rLdLng at the end of the financi21 period with all resulting exchange differences being taken to the income 2nd expenditure account in the period in which they atise. Taxation The Charity is a registered charity alld accordingly is exempt from tax2ti0n. Liquid resources Liquid reSoU￿eS iiiclude sums on short-terni deposits with recognised banks and building societies. Related patty transactions None of the trustecs werc paid any remuneration or expenses d￿Ing thc y¢ar. Othet cteditots Other creditors include miinly donations that have been defe￿ed due to the donations being under ccrtaill events and conthtions.