## **Kollel Skver Trust**
**Report**
**and**
**Financial**
**Statements**
**For The Year Ended**
**31 March 2021 Charity Number 1087348**
## **Kollel Skver Trust**
|Contents||
|---|---|
||Page|
|Legal and Administrative Information|1|
|Report of The Trustees|2 and 3|
|Statement Of Financial Activities|4|
|Balance Sheet|5|
|Notes forming part of the financial statements|6 to 8|
|Accountants Report|9|
## **Kollel Skver Trust**
## **Trustees**
Mr. Eluzer Hopstein Mr. NZ Hochhauser
.
## **Administration Address**
Kolel Skver Trust PO Box 44633 London N16 5WS **Charity Number 1087348**
## **Accountants**
C Rosen
Page 1
## **Kollel Skver Trust Report of the Trustees**
The Trustees present their annual report with accounts of the Charity for the Year Ended 31 March 2021.
## **Status and Administration**
Kollel Skver Trust is constituted by trust deed, dated 7th February 2001 and is a Registered Charity.
## **Trustees**
The Trustees in office throughout the year were: Mr. Eluzer Hopstein Mr. NZ Hochhauser
.
No trustee has any beneficial interest in the Charity and all gave their time voluntarily.
Page 2
## **Kollel Skver Trust**
## **Report of the Trustees**
## **Risk Assessment**
The Charity has identified and assessed the major risks to which it is exposed, in particular those of safety and protection of the vulnerable young adults whilst in the Charity's care as well as the finances of the Charity. The Charity is satisfied that systems are in place and routinely assessed including procedures for Child Protection, Health and Safety, Vulnerable Adults Policy and Financial Management and Controls.
## **Responsibilities of the Trustees**
Charity Law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the Balance Sheet, date, and of its incoming resources, including income and expenditure for the financial year.
In preparing those financial statements, the Trustees should follow best practice and:
a) Select suitable accounting policies and the apply them consistently.
- b) Make judgements and estimates that are reasonable and prudent.
- c) Follow applicable accounting standards and the Charities SORP 2015,
- updated May 2008 disclosing and explaining any departures in the financial statements.
- d) Prepare the financial statements on the going concern basis unless it is inappropriate to assume that the charity will continue in operation.
The Trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them as Trustees to ensure that the financial statements comply with the Charity Law.
The Trustees are also responsible for safeguarding the charity's assets and hence for taking reasonable steps for the prevention and detection of fraud and other regularities.
## **Board Of Trustees**
The members of the Board Of Trustees are set out on Page 1. Approved by The Trustees of on 22 December 2021 and signed on behalf of them all.
Trustee Mr. Eluzer Hopstein
Page 3
## **Kollel Skver Trust**
## **Statement Of Financial Activities**
## **For The Year Ended 31 March 2021**
|**For The Year Ended**
**31 March 2021**|||
|---|---|---|
|Notes
Unrestricted
Restricted
Funds
Funds
£
£
**INCOMING RESOURCES**
**Activities to further the Charity's Objects**
2
166,544
0
**Interest Income**
0
0
**Total Incoming Resources**
166,544
0
**Total Incoming Resources**
**166,544**
**0**
**RESOURCES EXPENDED**
Cost of Generating Funds
2,090
0
**Net Incoming Resources Available**
**For Charitable Application**
**164,454**
**0**
Cost of Activities In Furtherance
3
of the Charity's Objects
196,920
0
Governance Costs
5
4,500
0
**Total Charitable Expenditure**
**201,420**
**0**
**Total Resources Expended**
3
**203,510**
**0**
**Net Movement In Funds**
**(36,966)**
**0**
**Transfer To / (From) Reserves**
0
0
**Net Reserves for the Year**
**(36,966)**
**0**
**Total Funds**
**53,356**
**0**
**Total Funds**
13
**£ 16,390**
**£ 0**
**Carried Forward**
**Brought Forward**|_2021_
_2020_
Total
Funds
_Total Funds_
£
£
166,544
229,459
0
0
166,544
229,459
**166,544**
**229,459**
2,090
21,098
**164,454**
**208,361**
196,920
234,180
4,500
13,957
**201,420**
**248,137**
**203,510**
**269,235**
**(36,966)**
**(39,776)**
0
0
**(36,966)**
**(39,776)**
**53,356**
**93,132**
**£ 16,390**
**£ 53,356**||
|||**229,459**
21,098
**208,361**
234,180
13,957
**248,137**
**269,235**|
|||**(39,776)**
0
**(39,776)**|
|||**93,132**
**£ 53,356**|
Page 4
## **Kollel Skver Trust**
## **Balance Sheet at 31 March 2021**
|Notes
**Fixed Assets**
Tangible Assets
7
**Current Assets**
Debtors
9
Cash at Bank and in Hand
**Creditors**
**:**Amounts falling due
within one year
10
**Net Current Assets**
**Total Assets less Current Liabilities**
**Creditors**
**:**Amounts falling due
after more than one year
11
**Net Assets**
12
**Unrestricted Funds**
13
**Total Funds**|_2021_
£
2,605
2,605
55,886
31,540
87,426
(23,641)
63,785
66,390
(50,000)
**£ 16,390**
16,390
**£ 16,390**|_2020_
£
3,473
3,473
75,695
1,246
76,941
(27,058)
49,883
53,356
0
**£ 53,356**|_2020_
£
3,473
3,473
75,695
1,246
76,941
(27,058)
49,883
53,356
0
**£ 53,356**|
|---|---|---|---|
||||49,883|
||||53,356|
||||0
**53,356**|
||**£**|**£**|53,356|
||||**53,356**|
Approved by the Trustees on 22 December 2021, and signed on behalf of them all.
Mr. Eluzer Hopstein Trustee
The notes on pages 6 to 8 form part of these accounts.
Page 5
## **Kollel Skver Trust**
## **Notes To The Accounts - 31 March 2021**
## **1) Principal Accounting Policies**
## **Basis of Accounting**
The Accounts have been prepared under the historical cost convention in accordance with the Charities Act (Accounts and Reports) 2011, and the Financial Reporting Standard for Smaller Entities 102, and follow the recommendations in Accounting and Reporting By Charities: Statement of Recommended Practice (effective from April 2015). Act 2011.
## **Cash Flow**
The accounts do not include a cash flow statement because the charity as a small reporting entity is exempt from the requirement to prepare such a statement.
## **Donations and Fund Accounting**
Donations received for the general and main purposes of the Charity is included as unrestricted funds in the Statement of Financial Activities when receivable.
Donations and Grants for activities restricted by the donors are taken to restricted funds if the wishes and conditions of the donor are legally binding on the Trustees.
## **Tangible Fixed Assets**
Depreciation is provided after taking into account of any grants receivable at the following annual rates in order to write off each asset over its estimated useful life:
## Office Equipment
## 25% on net book value
## **Resources Expended**
Management and administration costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.
The irrecoverable element of VAT is included with the item of expense to which it relates.
|Unrestricted
Restricted
Funds
Funds
£
£
**2) Incoming Funds**
Donations Received
166,544
Total Income Generated
**£ 166,544**
**£ 0**|Total
_2021_
£
166,544
**£ 166,544**|_2020_
£
229,459
**£ 229,459**|_2020_
£
229,459
**£ 229,459**|
|---|---|---|---|
||||**229,459**|
Page 6
## **Kollel Skver Trust**
## **Notes To The Accounts - 31 March 2021**
|**Notes To The Accounts -**
**31 March 2021**||||||
|---|---|---|---|---|---|
|Unrestricted Restricted
**3) Analysis of Total Resources Expended**
Funds
Funds
**Charitable Activities**
Cost of Activities In Furtherance
of the Charity's Objects
Religious Studies
196,920
0
Gifts to Donors
0
0
Total
196,920
0
Total Cost of Activities In Furtherance
of the Charity's Objects
**£ 196,920**
**£ 0**
**4) Cost of Generating Funds**
**5) Governance Costs**
Accountancy
Advertising
Bank Charges
Depreciation
Interest Expense
Motor and Travel
Printing, Postage and Stationery
Refreshments
Rent
Office Expenses
Telephone
Charitable Activities|Total
_2021_
£
196,920
0
196,920
**£ 196,920**||Total
_2020_
£
234,180
0
234,180
**£ 234,180**|||
|||**£ 2,090**||**£ 21,098**||
|||0
0
541
868
0
133
1,516
0
0
1,442
0
**£ 4,500**||0
0
1,787
1,157
0
1,028
3,359
0
3,900
1,557
1,169
**£ 13,957**|0
0
1,787
1,157
0
1,028
3,359
0
3,900
1,557
1,169|
## **6) Taxation**
The Charity is exempt from taxation on its charitable activities.
## **7) Tangible Fixed Assets**
|||Motor|Motor||Office|Office|Total|Total|Alarm||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||Car|||Equipment|||||||Equipment|
|Cost or|valuation|£||||£|£||£|||£|
|At|31 March 2020|||0||4,630||4,630|||0|0|
||Additions|||0||0||0|||||
||Disposals|||0||0||0|||0|0|
|At|31 March 2021|||0||4,630||4,630|||0|0|
|Depreciation|||||||||||||
|At|31 March 2020|||0||1,157||1,157|||0|0|
||Charge for the year|||0||868||868|||0|0|
|At|31 March 2021|||0||2,025||2,025|||0|0|
|Valuation|||||||||||||
||31 March 2021||£|0||£2,605|£|2,605||£ 0||£ 0|
||31 March 2020||£|0||£ 3,473|£|3,473||£ 0||£ 0|
||The Fixed Assets were|Purchased with the use of Restricted|||||||Funds.||||
- **8)** The average number of Employees during the year, on a full time equiva basis was
_2021 2020_ 2 2
No Employee was paid above £60,000 per year.
Page 7
## **Kollel Skver Trust Notes To The Accounts - 31 March 2021**
|**9) Debtors**
_2021_
£
Trade Debtors
41,306
Accruals and Pre payments
5,650
Other Debtors
8,930
Tax Refundable
0
**£ 55,886**
**10) Creditors: Amounts falling due within one year**
_2021_
£
Bank Loans and Overdrafts
0
Debt due within one year
0
Trade Creditors
2,128
Other Creditors
21,513
**£ 23,641**|_2020_
£
43,703
5,650
26,342
0
**£ 75,695**|_2020_
£
43,703
5,650
26,342
0
**£ 75,695**|
|---|---|---|
||_2020_
£
0
0
9,905
17,153
**£ 27,058**||
|||**27,058**|
||**£ 23,641**
**£ 27**|**£ 23,641**
**£ 27**|**,058**||
|---|---|---|---|---|
|**11) **|**Creditors: Amounts falling due after more than one year**||||
|||_2021_|_2020_||
|||£|£||
||Bank Loans and Overdrafts|50,000||0|
||Debt due after more than one year|£ 50,000||£ 0|
## **12) Net Assets of The Charity's Funds**
|||||**Net**||||
|---|---|---|---|---|---|---|---|
||||**Fixed**|**Current**||**Long Term**|**Fund**|
||||**Assets**|**Assets**||**Liabilities**|**Balances**|
||||£||£|£|£|
|**Restricted Funds**|||2,605||0|0|2,605|
|**Unrestricted**|**Funds**||0||13,785|(50,000)|(36,215)|
|**Total Funds**|||**£ 2,605**|**£**|**13,785**|**£(50,000)**|**£(33,610)**|
|**13) Unrestricted**|**Funds**|**: Movements In**|**The Year**|||||
|**Balance at**||||||**Transfer To**|**Balance at**|
|**31 March**|**2020**|**Income**|**Expended**|||**/(From)**|**31 March 2021**|
||£|£|£|||**Reserves**|£|
|General Reserve|53,356|166,544|203,510|||0|16,390|
|**Total Funds**|**£ 53,356**|**£ 166,544**|**£ 203,510**|||**£ 0**|**£ 16,390**|
## **14) Related Party Transactions**
No trustee nor any person connected with them received any remuneration, or claimed any expense, during the year, from this or any related Charity. There were no Related Party Transactions in the Year.
Page 8
## **Accountants Report to the Trustees on the Unaudited Accounts of the Charity Kollel Skver Trust For the Year Ended 31 March 2021**
We report on the financial statements of Kollel Skver Tru for the Year Ended 31 March 2021 which comprise the Statement of Financial Activities, the Balance Sheet and the related notes. These financial statements have been prepared, under the historical cost convention, and in accordance with the recommendations in Accounting and Reporting By Charities: Statement of Recommended Practice (Issued 2015), and the Financial Reporting Standard for Smaller Entities 102 (effective 2016), and the accounting policies set out therein.
## **Respective Responsibilities Of Trustees and Reporting Accountants**
As described on page 3, the trustees of the charity are responsible for the preparation of the accounts, and they consider that the audit requirement of section 145 of the Charities Act 2011 (the Act) does not apply. It is our responsibility to state, on the basis of procedures specified in the General Directions given by the Charity Commissioners under section 249 of the Act, whether particular matters have come to our attention.
## **Basis of Accountant's Report**
Our examination was carried out in accordance with the General Directions given by the Charity Commissioners.
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 you as trustees concerning any such matters. These procedures provide only the assurance expressed in our opinion.
The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently we do not express an audit opinion on the view given by the accounts.
## **Opinion**
In our opinion, no matter has come to our attention,
- 1) which gives us reasonable cause to believe that, in any material respect, the requirements a) to keep accounting records in accordance with section 130 of the Act; and
- b) to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act have not been met; or
- 2) to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Date 22 December 2021
## **Reporting Accountant**
C Rosen
Page 9