REGISTERED COMPANY NUMBER: 06791037 (England and Wales) REGISTERED CHARITY NUMBER: 1128361
THE KOLEL LIMITED (A COMPANY LIMITED BY GUARANTEE)
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025
Sugarwhite Meyer Accountants Ltd First Floor 94 Stamford Hill London N16 6XS
THE KOLEL LIMITED
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025
| Page | |||
|---|---|---|---|
| Reference and Administrative Details | 1 | ||
| Report of the Trustees | 2 | ||
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | ||
| Notes to the Financial Statements | 6 | to | 8 |
THE KOLEL LIMITED
REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 JANUARY 2025
TRUSTEES M Eichenstein M Freund L Rabinowitz REGISTERED OFFICE First Floor 94 Stamford Hill London N16 6XS REGISTERED COMPANY 06791037 (England and Wales) NUMBER REGISTERED CHARITY NUMBER 1128361 INDEPENDENT EXAMINER Sugarwhite Meyer Accountants Ltd First Floor 94 Stamford Hill London N16 6XS BANKERS Barclays Bank plc Plaistow Branch London E13
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THE KOLEL LIMITED (REGISTERED NUMBER: 06791037)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JANUARY 2025
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 January 2025. 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
The 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 Orthodox Jewish Religious education primarily but not exclusively by the establishing and maintaining an institute for advanced Talmudic Studies and providing there at facilities and courses for such studies; the advancement of the Orthodox Jewish Faith and the advancement of such other objects as are for the benefit of the public and are charitable according to English Law.
The trustees confirm that they have given due regard the Charity Commission's guidance on public benefit.
ACHIEVEMENTS AND PERFORMANCE
Review
Income decreased by 25% during the year with a corresponding decrease of 18% in grantmaking. The charity has positive reserves at the year end.
FINANCIAL REVIEW
Reserves policy
The charity does not have a specific reserve policy. Grants are made according to the availability of funds. Reserves at the year end stood at £2,148 (2024 - £7,413).
STRUCTURE, GOVERNANCE AND MANAGEMENT
Constitution
The charity is constituted as a limited company and is governed by its Memorandum and Articles of Association dated 14 January 2009.
Recruitment and appointment of new trustees
It is not the intention of the trustees to appoint any new trustees. Should the situation change in the future, the trustees will apply suitable recruitment induction and training procedures.
Risk management
The trustees have confirmed that there are no major risks to which the charity is exposed.
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 5 February 2026 and signed on its behalf by:
M Eichenstein - Trustee
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE KOLEL LIMITED
Independent examiner's report to the trustees of The Kolel Limited ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 January 2025.
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
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
5 February 2026
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THE KOLEL LIMITED
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 JANUARY 2025
| 2025 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 136,000 EXPENDITURE ON Charitable activities 2 Grantmaking 136,324 College running costs 1,663 Support costs 3,278 Total 141,265 NET INCOME/(EXPENDITURE) (5,265) RECONCILIATION OF FUNDS Total funds brought forward 7,413 TOTAL FUNDS CARRIED FORWARD 2,148 |
2024 Total funds £ 181,650 166,596 1,517 3,568 171,681 9,969 (2,556) 7,413 |
|---|---|
The notes form part of these financial statements
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THE KOLEL LIMITED (REGISTERED NUMBER: 06791037)
BALANCE SHEET 31 JANUARY 2025
| Notes CURRENT ASSETS Cash at bank CREDITORS Amounts falling due within one year 7 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS Unrestricted funds: General fund TOTAL FUNDS |
2025 Total funds £ 6,557 (4,409) 2,148 2,148 2,148 2,148 2,148 |
2024 Total funds £ 10,930 (3,517) 7,413 7,413 7,413 7,413 7,413 |
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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 5 February 2026 and were signed on its behalf by:
M Eichenstein - Trustee
The notes form part of these financial statements
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THE KOLEL LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025
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 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.
Raising funds comprise the costs incurred by the charity in inducing third parties to make voluntary contributions to it, as well as the cost of any activities with a fundraising purpose.
Grants are only recognised in the accounts when paid.
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. CHARITABLE ACTIVITIES COSTS
| Grantmaking College running costs Support costs |
Grant funding of activities (see note 3) £ 136,324 1,663 - 137,987 |
Support costs (see note 4) £ - - 3,278 3,278 |
Totals £ 136,324 1,663 3,278 |
|---|---|---|---|
| 141,265 |
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THE KOLEL LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JANUARY 2025
3. GRANTS PAYABLE
| 2025 £ Grantmaking 136,324 College running costs 1,663 137,987 The total grants paid to institutions during the year was as follows: 2025 £ Relief of poverty 14,060 Advancement of education 1,507 Advancement of religion 25,212 Social welfare 610 Medical 154 41,543 Mifal Tzedoko Vochesed 20,000 Torah And Charity Fund 6,000 Zoreya Tzedokos 2,000 Others under £2,000 13,543 41,543 The total grants paid to individuals during the year was as follows: 2025 £ Study and lecture grants - Relief of poverty 94,781 94,781 4. SUPPORT COSTS Governance Finance costs £ £ Support costs 826 2,452 |
2024 £ 166,648 1,517 |
2024 £ 166,648 1,517 |
|---|---|---|
| 168,165 | ||
| 2024 £ 23,403 6,877 26,771 1,552 400 |
||
| 59,003 | ||
| 2024 £ 86,000 21,645 |
||
| 107,645 | ||
| Totals £ 3,278 |
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THE KOLEL LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JANUARY 2025
4. SUPPORT COSTS - continued
Support costs, included in the above, are as follows:
Governance costs
| Governance costs | ||
|---|---|---|
| 2025 | 2024 | |
| Support | Total | |
| costs | activities | |
| £ | £ | |
| Independent examiner's fee | 960 | 900 |
| Independent examiner's other fees | 960 | 900 |
| General expenses | 532 | 1,039 |
| 2,452 | 2,839 |
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 January 2025 nor for the year ended 31 January 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 January 2025 nor for the year ended 31 January 2024.
6. AVERAGE STAFF NUMBERS
The average number of staff in the year was NIL (2024 - NIL)
7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| CREDITORS: AMOUNTS FALLING DUE WITHIN ONE | YEAR | |
|---|---|---|
| 2025 | 2024 | |
| £ | £ | |
| Accruals and deferred income | 4,409 | 3,517 |
8. RELATED PARTY DISCLOSURES
The charity received unrestricted donations of £130,000 (2024 - £180,600) from charities and companies in which trustees and/or close relatives have an interest.
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