2022-10-31-accounts - Manchester Montefiore Kollel

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Trustees’ Annual Report for the period

From 01/11/2021 To 31/10/2022

Charity name: Manchester Montefiore Kollel (MMK)

Charity registration number: 1128720

18 Moor Lane, Kersal, Salford, M7 3WX

Objectives and Activities

	SORP reference
Summary of the purposes of the charity as set out in its governing document	Para 1.17	To advance education in the Jewish faith and to train individuals to become Rabbis and teachers.
Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts.	Para 1.17 and 1.19	Tuition to community members and weekly sessions provided by the tutors. At least 16 hours per week of tuition has been provided to the community.
Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit	Para 1.18	The trustees confirm they have paid due regard to the charity commissioners guidance on public benefit when planning and carrying out the charity’s activities.

Achievements and Performance

	SORP reference
Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole.	Para 1.20	Daily and weekly study programs in the synagogue for adults and teenagers. Joint cross-community learning projects Fathers and sons learning projects Youth led synagogue services Pre festival educational projects

Financial Review

Financial Review
Review of the charity’s	Para 1.21	-2,196
financial position at the end
of the period

Statement explaining the policy for holding reserves stating why they are held	Para 1.22	Funds are held to cover any future expenses
Amount of reserves held	Para 1.22	37,696
Reasons for holding zero reserves	Para 1.22
Details of fund materially in deficit	Para 1.24
Explanation of any uncertainties about the charity continuing as a going concern	Para 1.23	No uncertainties about the charity continuing.

Structure, Governance and Management

Description of charity’s trusts:
Type of governing document (trust deed, royal charter)	Para 1.25	Trust deed dated 1 November 2009
How is the charity constituted? (e.g unincorporated association, CIO)	Para 1.25	Unincorporated
Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees	Para 1.25	New trustees are invited to act by the current trustees and are inducted into workings of the charity by the current trustees.

Names of the charity trustees who manage the charity

	Trustee name	Office (if any)	Dates acted if not for whole year	Name of person (or body) entitled to appoint trustee (ifany)
	Dr David Marshall
	Dr Marshall
	Jaime Maman
	Abraham Hassan		28/02/2022

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) DJ Marshall Full name(s) Dr David Marshall Position (eg Secretary, Trustee Chair, etc) Date 07/12/22

Charity Name: Manchester Montefiore Kollel	Charity Name: Manchester Montefiore Kollel	Charity No 112870	Charity No 112870	Charity No 112870
Annualaccountsforthe period
Period start date	01/11/2021	To	Period end date	31/10/2022

Section A Statement of financial activities (including summary income and expenditure account)

Unrestricted funds Restricted income funds Endowment funds £ £ £ F01 F02 F03	Unrestricted funds Restricted income funds Endowment funds £ £ £ F01 F02 F03	Unrestricted funds Restricted income funds Endowment funds £ £ £ F01 F02 F03	Total funds Prior year funds £ £ F04 F05	Total funds Prior year funds £ £ F04 F05
66,343	-	-	66,343	71,872
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-
66,343	-	-	66,343	71,872

1,888	-	-	1,888	-
64,674	-	-	64,674	54,148

1,977	-	-	1,977	1,465
68,538	-	-	68,538	55,614

2,196 -	-	-	2,196 -	16,258
-	-	-	-	-
2,196 -	-	-	2,196 -	16,258
-	-	-	-	-
2,196 -	-	-	2,196 -	16,258
-	-	-	-
-	-	-	-	-

-	-	-	-	-
-	-	-	-	-
2,196 -	-	-	2,196 -	16,258

39,892	-	-	39,892	23,634
37,696	-	-	37,696	39,892

Chaity Nam& Manthsier mMtèfJr8 Charty No 112870 Koll Section B Balance sheet Incom• lundB Fixed assels Inlanglbl• a$8ets Tanglble assets Herltage ass•ts Investrnents F02 F04 FOS (Nots 151 {Note 14) (Not• 161 (Not• ln Tololfix8datsets Currenl assets Stocks Debtors Inveslm•nts (Noto 18) (Noty 191 {Noto 17AI Cash at bank and In hond (Note 241 Tol•l¢uml a&qets 810 38,912 12 38,912 44,418 44.418 Credltors: amounls 18lllnu due wlthln one swr {No¢e 20) 1,215 1,215 4,526 Plgt¢unpnt•swW(Il•bililxs) B12 39,892 Tolalasset• fess currnntltsbllllkns B13 39,892 Credllors: amounts falllng dug aft•r ono 91 (Note 201 Provlslons for Ilabllllles B14 Bls Totsinetass•is orll•bMII Funds of the Charity Endowment fvnds INote 27) Rostrleted Incomè lunds (lknt• 2n Unrtstricted funds Revaluaiknn resery• Falr valu¢ reserve 916 37.696 37.696 BIB 819 37.696 37. 39,892 Tolallund8 37, Th company w•• ontttt•*l to exempllon Iromaudil un(lfrr $4Tlof lh• Companlps Act2(K16 ml8llng to 8mall 00mnIes. Companl8sAct20 The dlrnctors acknowl¢dge th8irTrsponslbllllbs lor complylng Ihe requlremBnts ollh• Companl8sAct wllh rnspect to aeciwnllng r8wftsand Iheprnp•rnllon off8ccount& 7h88e aeeounts hav• b8enprnpar8dln •eeord•nce wlth the provislons app1k to snwlleomp•nle$ 8ubleet to the Smalleomwnles r8glme &ndin nInCe wllh FRSlif2 SORP. J by on8 or trusteesl(IrBctrs on bthall ofau tho Dats of approval ddlrnml Print Name CC17a (Excel) 12120

Section C Notes to the accounts

Note 1 Basis of preparation

This section should be completed by all charities .

1.1 Basis of accounting

These accounts have been prepared under the historical cost convention with items recognised at co relevant note(s) to these accounts.

The accounts have been prepared in accordance with the Statement of Recommended Practice: Acc accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ir Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), an

1.2 Change of accounting policy

The accounts present a true and fair view and no changes have been made to the accounting policies

1.3 Changes to accounting estimates

No changes to accounting estimates have occurred in the reporting period (3.46 FRS102 SORP).

1.4 Material prior year errors

No material prior year error have been identified in the reporting period (3.47 FRS102 SORP).

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st or transaction value unless otherwise stated in the

ounting and Reporting by Charities preparing their reland (FRS 102) issued on 16 July 2014, the nd with the Charities Act 2011.

s adopted in note 1.1

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Section C Notes to the accounts (cont) Note 2 Accounting policies 2.2 INCOME Recognition of income These are included in the Statement of Financial Activities (SoFA) when: • the charity becomes entitled to the resources; There has been no offsetting of assets and liabilities, or income and expenses, unless Offsetting required or permitted by the FRS 102 SORP or FRS 102. Grants and donations Grants and donations are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP). Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift Tax reclaims on donations and gifts and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise. The value of any voluntary help received is not included in the accounts but is described Volunteer help in the trustees’ annual report. 2.3 EXPENDITURE AND LIABILITIES Liabilities are recognised where it is more likely than not that there is a legal or Liability recognition constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty. Governance and support costs Support costs have been allocated between governance costs and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice. Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, eg allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage. Redundancy cost The charity made no redundancy payments during the reporting period. Creditors The charity has creditors which are measured at settlement amounts less any trade discounts The charity accounts for basic financial instruments on initial recognition as per Basic financial instruments paragraph 10.7 FRS102 SORP. Subsequent measurement is as per paragraphs 11.17 to 11.19, FRS102 SORP.

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Section C Notes to the accounts (cont)

Note 3 Income

Unrestricted funds Restricted income funds Endowment funds Total funds Prior year £ £ Analysis of income	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year £ £ Analysis of income	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year £ £ Analysis of income	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year £ £ Analysis of income	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year £ £ Analysis of income	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year £ £ Analysis of income
Donations and gifts	21,489	-	-	21,489	22,312
Gift Aid	-	-	-	-	-
Legacies	-	-	-	-	-
General grants provided by government/other charities	44,853	-	-	44,853	49,561
Membership subscriptions and sponsorships which are in substance donations	-	-	-	-
Donatedgoods,facilities and services	-	-	-	-	-
Other	-	-	-	-
Total	66,343	-	-	66,343	71,872

	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
Other	-	-	-	-	-
Total	-	-	-	-	-

	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
Other	-	-	-	-	-
Total	-	-	-	-	-

Interest income	-	-	-	-	-
Dividend income	-	-	-	-	-
Rental and leasing income	-	-	-	-	-
Other	-	-	-	-	-
Total	-	-	-	-	-

	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
Total	-	-	-	-	-

Conversion of endowment funds into income	-	-	-	-	-
Gain on disposal of a tangible fixed asset heldforcharity's ownuse	-	-	-	-	-
Gain on disposal of a programme related investment	-	-	-	-	-
Royalties from the exploitation of intellectual propertyrights	-	-	-	-	-
Other	-	-	-	-	-
Total	-	-	-	-	-

	66,343	-	-	66,343	71,872

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Section C Notes to the accounts (cont)

Note 6 Expenditure

Note 6 Expenditure
Analysis Expenditure on raising funds:	Unrestricted funds Restricted income funds Endowment funds Total funds Unrestricted funds Restricted income funds Endowment funds Total funds £ £ This year Last year
Advertising	409	-	-	409	-	-	-	-
Raising Funds	1,888			1,888
Printing	135	-	-	135	-	-	-	-
Total expenditure on raising funds	2,432	-	-	2,432	-	-	-	-
Expenditure on charitable activities:
Educational Events	50	-	-	50	-	-	-	-
Wages	64,674	-	-	64,674	54,148	-	-	54,148
Total expenditure on charitable activities	64,724	-	-	64,724	54,148	-	-	54,148
Other
BankCharges	140	-	-	140	92	-	-	92
Insurance					482			482
Accounting	1,201	-	-	1,201	874	-	-	874
Supplies	10	-	-	10	-	-	-	-
Pension	30			30				-
Taxes	3	-	-	3	17	-	-	17
Total other expenditure TOTAL EXPENDITURE	1,383	-	-	1,383	1,465	-	-	1,465
	68,538	-	-	68,538	55,614	-	-	55,614

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Section C Notes to the accounts (cont)

Note 11 Paid employees

Please complete this note if the charity has any employees (transactions with Trustees dealt with in Note 28)

11.1 Staff Costs

Social security costs Other employee benefits Total staff costs Pension costs (defined contribution scheme) Salaries and wages	This year £	Last year £
	64,674	54,148
	-	-
	30
	-	-
	64,703	54,148

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11.2 Average head count in the year

The parts of the charity in which the employees work

	This year Number	Last year Number
Fundraising	-	-
Charitable Activities	12	11
Governance	-	-
Other	-	-
Total	12	11

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Section C Notes to the accounts (cont)

Note 20 Creditors and accruals

Please complete this note if the charity has any creditors or accruals.

20.1 Analysis of creditors

20.1 Analysis of creditors
Accruals for grants payable Bank loans and overdrafts Trade creditors Payments received on account for contracts or performance-related grants Accruals and deferred income Taxation and social security Other creditors Total	Amounts falling due within one year		Amounts falling due after more than one year
	This year £	Last year £	This year £	Last year £
	-	-	-	-
	-	-	-	-
	-	-	-	-
	-	-	-	-
	-	-	-	-
	92	-	-	-
	1,123	4,526	-	-
	1,215	4,526	-	-

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Section C Notes to the accounts (cont)

Other Short term deposits Cash at bank and on hand Total Note 24 Cash at bank and in hand Short term cash investments (less than 3 months maturity date)
	This year £	Last year £
	-	-
	-	-
	38,912	44,418
	-	-
	38,912	44,418

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CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trusteosl members of Manchester Montefiore Kollel On accounts for the year ended 31 October 2022 Charity no {if any) 1128720 Set out on pages nbBr to irK4ude the we numbers of addthonal 5heels.' I report to the trustees on my examin8tion of the accounts of the above charity 1.the Trust") for the year ended 3111012022 Responsibllltles and basis of report As the charitvs Intstees. you are responsible for the prep8ration of the accounts in accnrdance with the requirements of the Charities Act 2011 I'the Act"). I report in respect of my examination of Ihe Trusl's accounts Carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 14515)Ib) of the Act. examiner's statement undertakbean]itsJ)ela4UaLIrdJ]jentsOcikt1j]a0]eOf I have Mpleted my examination. I nriMi that no material matters have come to my attention in connection with the examination {olher than that disclosed below '} which gives me cause to believe that in, any material respect.. the accounting records were not kept in accordance with section 130 of the Charities Act,. or the accounts did not accord with the accounting records.. or the accounts did not comply with the applicable requirements conceming the fom and content of account5 Set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'lrue and fair, view which is not a matter considered as part of an independent examination. I have no concems and have come across no other matters in connection with the examination lo which attention should be drawn in this report in order lo enable a proper underslanding of the accounts to be reached. Please delete the words in the brackets if they do not apply. Signed: Date: 2511112022 Name: Adam Caplan Relevant professional quallflcatlonlsl or body FCA IER Oct 2018

Ilf any): Address: FFT. Reedham House. 31 King Street West. Manchester, M3 2PJ Section B Disclosure Only complete if the examiner needs to highlight material matters of concern {see CC32, Independenl examination of charity accounts.. directions and guidance for examiners). Give here brief details of any items that the examinerwishes to disclose. IER Oct 2018