## **Satmar Kolel** **Report** **and** **Financial** **Statements** **For The Year Ended** **31 July 2021 Charity Number 1169555** ## **Satmar Kolel** |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 and 7| |Accountants' Reoprt|8| ## **Satmar Kolel** ## **Trustees** Mr. Manuel Eckstein Mr. Elchonon Berger Mr. Moishe Taub Mr.Pinchas Benedikt ## **Administration Address** 23 St Kildas Road Clapton London E5 9AZ **Charity Number 1169555** Page 1 ## **Satmar Kolel Report of the Trustees** The Trustees present their annual report with accounts of the Charity for the Year Ended 31 July 2021. ## **Status and Administration** The Charity, constituted by trust deed, dated 10th October 2016, and is a Registered Charity. ## **Charitable Objects** 1) The advancement of the Orthodox Jewish faith and Orthodox Jewish religious education in particular but not exclusively by supporting the charitable activities of the institute and 2) The advancement of such other purposes as are charitable according to English Law. ## **Trustees** The Trustees in office throughout the year were Mr. Manuel Eckstein Mr. Elchonon Berger Mr. Moishe Taub Mr.Pinchas Benedikt ## **Reserves Policy** The trustees retain reserves as necessary and where appropriate, consolidate funds in order to make more substantial grants which they feel to be appropriate. Page 2 Satsmar Kolel Report oftr*e Trust¢¢s Re5pon$lbllltles of th• Trustees Charity Law requires the Trustee¥ to prepare financi81 statements for èa¢h finanrAal yearwhich gNe true and feirview ol the slats of affairs of the ehwty as atthe Ba1￿ce Sheet Date, and of its kncoming rgsources, NKluthng irKome eXpenrf￿￿ forthe finanaal year. In preparing those financsd *atements. the Trustees thould follow W F&athce and . Seleetsurtable ￿coun￿.￿g policae5 the thtsrn congstth. b. Make jud9ernents and esb"rT*s lJ)at are reasonable wudent c. Follow 4)pJic8ble ￿COUn11n0 standards and the CharÉbas SORP 2005, ¢knI￿ng explaining any deparknres in the financ491 Strts￿nts. d. Prepgre the finarrial statemen15 ￿ the wing ￿nCern basis unless it is inapprowiate to assume that the ch*ity wll ctsn*'nue in oper*J"on. The Trustees are resP￿&ble for mantsrning proper ￿Ounts"ng re¢ord5 wh￿h thsdose with reasC￿8b1e &YoJiacy at ￿ time the fin*)oal posrtion of the charty and to enable Ihem a5 Trustees tD er)sure that the fin8rKia $14teff￿ftts coryjlywth the Chalty Lthy. The Trustees are also responsble for saf8gu*thng the th8riVs assets ¥¢d hewKe for taknng re8sOfta￿e steps for the preven¥on deteGlion of fr￿d other rogulanb"e8. Board Of Tru$tet5 Thg members ofthe B08rd OfTrustee5 we s&1 tyjt on Page l. Polltkal Charltable Donatk>ns During th? year, the Charty ma**31 July 2020**||**37,102**|**37,102**||**25,632**| |**Transfer To / (From) Reserves**||0|0||0| |**Total Funds**
**31 July 2021**|7|**£ 763**|**£ 763**|**£ **|**37,102**| Page 4 ## **Satmar Kolel** ## **Balance Sheet at 31 July 2021** |**Balance Sheet at**
**31 July 2021**||| |---|---|---| |Notes
_2021_
£
**Current Assets**
Debtors
5
0
Cash at Bank and in Hand
1,513
1,513
**Creditors**
**:**Amounts falling due
within one year
5
(750)
**Net Current Assets / (Liabilities)**
763
**Total Assets less Current Liabilities**
763
**Net Assets / (Liabilities)**
6
**£ 763**
**Unrestricted Funds**
7
763
**Total Funds**
7
**£ 763**|_2020_
£
25,800
56,702
82,502
(45,400)|| ||**£ **|37,102| |||37,102| |||**37,102**| ||**£ **|37,102| |||**37,102**| Approved by the Trustees on 6 May 2022, and signed on behalf of them all. ## Trustee ## Mr. Moishe Taub The notes on pages 6 and 7 form part of these accounts. Page 5 **Satmar Kolel** ## **Notes To The Accounts - 31 July 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). ## **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. ## **Resources Expended** Governance 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. |**2)** Donations Received
**3) Analysis of Total Resources Expended**
**Charitable Activities**
Cost of Actvities In Furtherance
of the Charity's Objects
Donations to Individuals and Communities
Educational Grant
Kol Mevaser
Relief of Poverty
Wedding Total
Operational Costs
Total Cost of Furtherance Of Charitable Objects
Support Costs
Interest on Charity's Property
Governance Costs
**Cost of Generating Funds**
**Total Cost of Actvities In Furtherance**
**of Charitable Objects**
**4) Governance Costs**
Accounting
Bank Charges and Interest
Formation and Deed of Trust
**5) Debtors**
Other Debtors|
**£ **|_2021_
_2020_
£
£
764,439
734,300
**764,439**
**£ 734,300**
_2021_
_2020_
£
£
178,503
52,135
353,310
241,660
20,833
31,544
159,160
253,970
74,700
136,550
8,035
5,270
794,541
721,129
0
0
2,489
1,701
**797,030**
**722,830**
3,748
0
**800,778**
**£ 722,830**
350
350
2,139
1,351
0
0
**£ 2,489**
**£ 1,701**
_2021_
_2020_
£
£
0
25,800
**£ 0**
**£ 25,800**|_2021_
_2020_
£
£
764,439
734,300
**764,439**
**£ 734,300**
_2021_
_2020_
£
£
178,503
52,135
353,310
241,660
20,833
31,544
159,160
253,970
74,700
136,550
8,035
5,270
794,541
721,129
0
0
2,489
1,701
**797,030**
**722,830**
3,748
0
**800,778**
**£ 722,830**
350
350
2,139
1,351
0
0
**£ 2,489**
**£ 1,701**
_2021_
_2020_
£
£
0
25,800
**£ 0**
**£ 25,800**| |---|---|---|---| ||
**£ **||| ||||| ||||**25,800**| Page 6 ## **Satmar Kolel** ## **Notes To The Accounts - 31 July 2021** ## **5) Creditors: Amounts falling due within one year** ||_2021_|_2021_|_2020_|_2020_|| |---|---|---|---|---|---| ||£||£||| |Bank Loans and Overdrafts||0|||0| |Debt due within one year||0|||0| |Other Creditors||400||45,050|| |Accruals and Provisions||350|||350| ||**£ **|**750**|**£ **|**45,400**|| ## **6) Net Assets of The Charity's Funds** |||||||**Net Current**|**Net Current**||||| |---|---|---|---|---|---|---|---|---|---|---|---| ||||**Fixed**|||**Assets /**||**Long Term**||**Fund**|| ||||**Assets**|||**(Liabilities)**||**Liabilities**||**Balances**|| ||||£|||£||£||£|| ||**Restricted Funds**||||0||0||0||0| ||**Unrestricted Funds**||||0||763||0||763| ||**Total Funds**|||**£ **|**0**|**£ **|**763**|**£ 0**||**£ **|**763**| |**7) **|**Unrestricted Funds**|||||||**Transfers and**|||| |||||||||**Investment**|||| |||**Balance at**||||||**Gains**||**Balance at**|| |||**31 July 2020**|**Income**|||**Expended**||**and Losses**||**31**|**July 2021**| |||£|£|||£||||£|| ||General Reserve|37,102|764,439|||800,778|||0||763| ||**Total Funds**|**£ 37,102**|**£ 764,439**|||**£ 800,778**||**£ 0**||**£ **|**763**| ## **8) 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 7 ## **Independent Exmainer's Report to the Trustees on the Unaudited Accounts of the Charity Satmar Kolel For the Year Ended 31 July 2021** We report on the financial statements of Satmar Kolel for the Year Ended 31 July 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 144 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 144 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 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 6 May 2022 ## **Reporting Accountant** Carl Rosen 50 Craven Park Road South Tottenham London N15 6AB Page 8