## **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)** |Guidance Note
S01
S02
S03
S04
S05
S06
S07
**Expenditure (Notes 6)**
**Expenditure on:**
S08
S09
S10
S11
S12
S13
Tax payable
S14
S15
Net gains/(losses) on
investments
S16
S17
**Extraordinary items**
S18
S19
S20
Other gains/(losses)
S21
S22
**_Reconciliation of_**
**_funds:_**
S23
S24
Total funds brought forward
Gains and losses on revaluation of fixed assets for
the charity’s own use
Charitable activities
Separate material expense item
**_Total funds carried forward_**
**_Total_**
**Net income/(expenditure) after tax**
**before investment gains/(losses)**
**Net income/(expenditure)**
**Transfers between funds**
**_Net movement in funds_**
**Other recognised** **gains/(losses):**
**_Total_**
**Recommended categories by activity**
**Income (Note 3)**
**Income and endowments from:**
**Net income/(expenditure) before tax**
**for the reporting period**
Raising funds
Separate material item of income
Other
Other
Donations and legacies
Investments
Charitable activities
Other trading activities|**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 mMtèf￿Jr8 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 $4Tlof lh• Companlps Act2(K16 ml8llng to 8mall 00m￿nIes. Companl8sAct20 The dlrnctors acknowl¢dge th8irTrsponslbllllbs lor complylng Ihe requlremBnts ollh• Companl8sAct wllh rnspect to aeciwnllng r8wftsand Iheprnp•rnllon off8ccount& 7h88e aeeounts hav• b8enprnpar8dln •eeord•nce wlth the provislons app1k￿ to snwlleomp•nle$ 8ubleet to the Smalleomwnles r8glme &ndin ￿￿nI￿nCe 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). CC17a (Excel) 20/03/2023 3 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 CC17a (Excel) 20/03/2023 4 **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. CC17 FRS 102 SORP 20/03/2023 5 **Section C Notes to the accounts (cont)** ## **Note 3 Income** |**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**£**
**£**
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
**Analysis of income**
**Donations**
**and legacies:**
**TOTAL INCOME**
**Charitable**
**activities:**
**Separate**
**material item**
**of income**
**Other:**
**Income from**
**investments:**
**Other**
**trading**
**activities:**|**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| CC17a (Excel) 20/03/2023 6 ## **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| CC17a (Excel) 20/03/2023 7 ## **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| CC17a (Excel) 20/03/2023 8 ## **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| CC17a (Excel) 20/03/2023 9 ## **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|-|-| CC17a (Excel) 20/03/2023 10 ## **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| CC17a (Excel) 20/03/2023 11 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 undertak￿be￿an]i￿ts￿J)el￿￿a4UaLIr￿dJ]jentsOc￿ik￿t1j]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