REGISTERED CHARITY NUMBER: 1109011
KOLLEL BNEI YISSOCHOR
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
Sugarwhite Meyer Accountants Ltd First Floor 94 Stamford Hill London N16 6XS
KOLLEL BNEI YISSOCHOR
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
| 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 | 8 |
KOLLEL BNEI YISSOCHOR
REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 DECEMBER 2024
TRUSTEES Mr Y Rand Mr A Gottesman PRINCIPAL ADDRESS 84 Cazenove Road London N16 6AB REGISTERED CHARITY 1109011 NUMBER INDEPENDENT EXAMINER Sugarwhite Meyer Accountants Ltd First Floor 94 Stamford Hill London N16 6XS BANKERS Barclays Bank plc 51 Lombard Street London EC3P 3AH
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KOLLEL BNEI YISSOCHOR
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024
The trustees present their report with the financial statements of the charity for the year ended 31 December 2024. 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 education amongst post-graduate student in rabbinics by the provision of specialised post graduate courses and where necessary by the provision of bursaries.
The charity awards study grants and bursaries to mature students at Kollel Bnei Yissochor, an institute for advanced Jewish religious and Talmudical studies. The charity also provides resources for study and research.
The trustees confirm that they have given due regard the Charity Commission's guidance on public benefit.
ACHIEVEMENT AND PERFORMANCE
Review of activities and achievements
There was a small decrease in income. During the year there were 15 (2022 - 19) students who received study grants. There was a surplus for the year..
FINANCIAL REVIEW
Reserves policy
The trustees ensure that the charity has sufficient funds to meet its ongoing weekly commitment. Free reserves at the year end were £8,452 (2023 - £19,066).
STRUCTURE, GOVERNANCE AND MANAGEMENT
Constitution
The charity was established by constitution adopted on 1 January 1970 as amended 13 March 2005.
Recruitment and appointment of new trustees
The power to appoint new trustees is vested in the continuing board, who will apply suitable recruitment, induction and training procedures. New trustees are appointed based on personal competence, specialist skills and experience.
Risk management
The trustees have confirmed that there are no major risks to which the charity is exposed.
STATEMENT OF TRUSTEES' RESPONSIBILITIES
The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
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KOLLEL BNEI YISSOCHOR
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024
STATEMENT OF TRUSTEES' RESPONSIBILITIES - continued
The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed 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 and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charity SORP;
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make judgements and estimates that are reasonable and prudent;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the board of trustees on 27 October 2025 and signed on its behalf by:
Mr Y Rand - Trustee
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF KOLLEL BNEI YISSOCHOR
Independent examiner's report to the trustees of Kollel Bnei Yissochor
I report to the charity trustees on my examination of the accounts of Kollel Bnei Yissochor (the Trust) for the year ended 31 December 2024.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the Trust as required by Section 130 of the 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 applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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
27 October 2025
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KOLLEL BNEI YISSOCHOR
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024
| 2024 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 76,203 EXPENDITURE ON Charitable activities 2 Grantmaking 85,290 Support 1,527 Total 86,817 NET INCOME/(EXPENDITURE) (10,614) RECONCILIATION OF FUNDS Total funds brought forward 19,066 TOTAL FUNDS CARRIED FORWARD 8,452 |
2023 Total funds £ 101,271 |
|---|---|
| 83,720 1,413 |
|
| 85,133 | |
| 16,138 2,928 |
|
| 19,066 |
The notes form part of these financial statements
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KOLLEL BNEI YISSOCHOR
BALANCE SHEET 31 DECEMBER 2024
| Notes CURRENT ASSETS Cash at bank CREDITORS Amounts falling due within one year 6 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS Unrestricted funds TOTAL FUNDS |
2024 Total funds £ 9,826 (1,374) 8,452 8,452 8,452 8,452 8,452 |
2023 Total funds £ 19,966 (900) 19,066 19,066 19,066 19,066 19,066 |
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 27 October 2025 and were signed on its behalf by:
Mr Y Rand - Trustee
The notes form part of these financial statements
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KOLLEL BNEI YISSOCHOR
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, 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 Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
Income is received by way of donations and is included in full in the Statement of Financial Activities 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.
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 tax on its charitable activities.
Going concern
There are no material uncertainties about the charity's ability to continue.
2. CHARITABLE ACTIVITIES COSTS
| Grant funding of activities Support (see note costs (see 3) note 4) £ £ Grantmaking 85,290 - Support - 1,527 85,290 1,527 3. GRANTS PAYABLE 2024 £ Grantmaking 85,290 The total grants paid to individuals during the year was as follows: 2024 £ Study grants 85,290 |
Totals £ 85,290 1,527 |
|---|---|
| 86,817 | |
| 2023 £ 83,720 |
|
| 2023 £ 83,720 |
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KOLLEL BNEI YISSOCHOR
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024
4. SUPPORT COSTS
| SUPPORT COSTS | |||
|---|---|---|---|
| Governance | |||
| Finance | costs | Totals | |
| £ | £ | £ | |
| Support | 153 | 1,374 | 1,527 |
| Support costs, included in the above, are as follows: | |||
| Finance | |||
| 2024 | 2023 | ||
| Total | |||
| Support | activities | ||
| £ | £ | ||
| Bank charges | 153 | 159 | |
| Governance costs | |||
| 2024 | 2023 | ||
| Total | |||
| Support | activities | ||
| £ | £ | ||
| Independent examiner's fee | 300 | 240 | |
| Independent examiner's other fees | 720 | 660 | |
| General expenses | 354 | 354 | |
| 1,374 | 1,254 |
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2024 nor for the year ended 31 December 2023.
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Other creditors | 1,374 | 900 |
7. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2024.
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