BRITISH FRIENDS OF THE GIBRALTAR KOLLEL ANNUAL REPORT YEAR ENDED 30 SEPTEMBER 2025 **BRITISH FRIENDS OF THE GIBRALTAR KOLLEL** **ANNUAL REPORT** ## **YEAR ENDED 30 SEPTEMBER 2025** ## **CONTENTS** Information 2 Trustees’ report 3 Independent Examiner’s Report 4 Accounts 5 1 **BRITISH FRIENDS OF THE GIBRALTAR KOLLEL** ## **ANNUAL REPORT** ## **YEAR ENDED 30 SEPTEMBER 2025** ## **INFORMATION** |**Trustees**|Rabbi A Hassan| |---|---| ||SVM Cohen| ||Y Ibgui| ||AS Belilo| ||N Hassan| |**Charity number**|1071809| |**Registered address**|1 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**|Lisa Maynard FCA| ||ESV Hassan & Co| ||Suite 4 9thFloor| ||International Commercial Centre| ||Gibraltar| 2 **BRITISH FRIENDS OF THE GIBRALTAR KOLLEL** **ANNUAL REPORT** ## **YEAR ENDED 30 SEPTEMBER 2025** ## TRUSTEES’ REPORT The trustees present their report and accounts for the year ended 30 September 2025. ## **Legal** The British Friends of the Gibraltar Kollel is constituted by Deed of Trust dated 11 December 1997 and varied by supplement deed of 4 August 1998 and is a registered charity since 2 October 1998. ## **Aims** The charitable objectives of the charity are to advance education in the Jewish faith by assisting young men to become Rabbis, to provide support for Jewish education in schools, to advance religious activities in synagogues and for the relief of poverty. ## **Trustees** The trustees during the year were the following: Rabbi A Hassan – Chairman SVM Cohen - Treasurer Y Ibgui AS Belilo N Hassan ## **Review of progress and achievements** The charity commenced its work on 2 October 1998 and the trustees are satisfied with the results to date. ## **Review of financial activities** The charity achieved a total income from donations of £134,272 and from bank interest of £802. There was an expense of £20 for bank charges. Donations towards the above objectives were £142,272 and there were no other expenses. The general fund carried forward at the year end was £20,507 and included a deficit of £7,218 for the year. ## **For and on behalf of the trustees** **SVM Cohen - Treasurer AS Belilo - Trustee** Date Date 3 **BRITISH FRIENDS OF THE GIBRALTAR KOLLEL** ## **ANNUAL REPORT** ## **YEAR ENDED 30 SEPTEMBER 2025** INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF BRITISH FRIENDS OF THE GIBRALTAR KOLLEL. I report on the accounts of the charity for the year ended 30 September 2025, which are set out on page 5 and 6. ## **Respective responsibilities of trustees and examiner** The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is 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 is my responsibility to: - examine the accounts under section 145 of the 2011 Act, - to follow the procedures 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 examiners report** My examination was carried out in accordance with general Directions given by the Charity Commission. 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 includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below. ## **Independent examiner’s statement** In connection with my examination, no matter has come to my attention: 1. which gives me reasonable cause to believe that in, any material respect, the requirements: - to keep accounting records in accordance with section 130 of the 2011 Act; and - to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 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. **Lisa Maynard FCA ESV Hassan & Co Suite 4 9[Th] Floor International Commercial Centre Casemates Gibraltar 27th July 2026** 4 **BRITISH FRIENDS OF THE GIBRALTAR KOLLEL** ## **ANNUAL REPORT** ## **YEAR ENDED 30 SEPTEMBER 2025** ## **ACCOUNTS** ## **Receipt and payments account for the year ended 30 September 2025** |
**Income receipts**
Donations from voluntary sources

Bank interest income
**Total receipts**


**Direct payments**
Payments to charitable causes
Bank Charges
**Total payments**

**(Deficit)/surplus for the year**

**Statement of assets and liabilities at 30 September 2024**
**Monetary assets**
Cash at bank
**Current liabilities**
Other creditors
**Net assets**
**General Fund**
Opening balance
**Surplus for the year**
Closing balance|
|

|**2025**

**£**
134, 272
802
135, 074
142, 272
20
142, 292
**(7,218)**
**2025**
**£**
35, 018
(14, 511)|


|


|**2024**
**£**
87, 384
664
88, 048
86, 664
-| |---|---|---|---|---|---|---| |||||||| |||||||86, 664| ||||**(7,218)**|||**1,384**| |||||||**2024**
**£**
106, 353
(78, 628)
**27,725**
26, 341
1,384
**27, 725**| ||||**20, 507**|||**27,725**| ||||27, 725
(7, 218)|||| ||||**20, 507**|||| 27/07/2026 The accounts were signed and approved on behalf of the trustees on __________. **SVM Cohen - Treasurer** **AS Belilo – Trustee** 5 **BRITISH FRIENDS OF THE GIBRALTAR KOLLEL** **ANNUAL REPORT** ## **YEAR ENDED 30 SEPTEMBER 2025** ## **Notes to the Accounts - Accounting policies** ## **Statement of accounting policies** The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the financial statements. ## **Basis of preparation** These accounts have been prepared on the receipts and payments basis in accordance with the Charities Act 2011 and applicable Charity Commission guidance for charities eligible to prepare receipts and payment accounts. The accounts are not prepared under the Charities Statement of Recommended Practice (SORP), which applies to accruals-based accounts. ## **Basis of accounting** The financial statements are prepared in accordance with the historical cost convention. ## **Recognition of income** Income from donations is recognised in the period for which it is received. All income from short-term deposits is credited to the income and expenditure account in the period in which it is earned. ## **Foreign currency translation** Transactions denominated in foreign currencies are recorded using the rate of exchange ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the end of the financial period with all resulting exchange differences being taken to the income and expenditure account in the period in which they arise. ## **Taxation** The Charity is a registered charity and accordingly is exempt from taxation. ## **Liquid resources** Liquid resources include sums on short-term deposits with recognised banks and building societies. ## **Related party transactions** None of the trustees were paid any remuneration or expenses during the year. ## **Other creditors** Included within creditors are amounts received by the charity that are subject to conditions which had not been satisfied at the year end and which may become repayable if these conditions are not met. 6