2020-08-31-accounts

REGISTERED CHARITY NUMBER: 1179428

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 AUGUST 2020

FOR

BHS KOLLEL

Melinek Fine LLP
Chartered Accountants
First Floor, Winston House
349 Regents Park Road

London

N3 1DH

BHS KOLLEL

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020

		Page
Report of the Trustees	1	to	2
Independent Examiner's Report		3
Statement of Financial Activities		4
Balance Sheet		5
Notes to the Financial Statements	6	to	7

BHS KOLLEL

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2020

Thetrusteespresenttheirreportwiththefinancialstatementsofthecharityfortheyearended31August2020. The
trusteeshaveadoptedtheprovisionsofAccountingandReportingbyCharities:StatementofRecommended Practice
applicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancialReportingStandardapplicableinthe UK
and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

TheobjectoftheCIOshallbetheadvancementoftheOrthodoxJewishfaithinsuchwaysasthecharitytrustees think
fitandinparticularbutwithoutlimitationbyestablishing,managingandsupportingalearningcentreforthe public
benefit known as BHS Kollel in North West London.

Significant activities

Donationsreceivedareusedtopaycharitablegrantstothestudentsintheacademysoastosatisfythe charitable
criteria established in the objects.

Public benefit

ThetrusteesconfirmthattheyhavereferredtotheguidancecontainedintheCharityCommission'sgeneralguidance on
publicbenefitandinparticulartoitssupplementarypublicbenefitguidanceonadvancingeducationwhenreviewing the
charity's aims and objectives and in planning future activities and setting grant making policy.

Volunteers

There were no volunteers during the year.

ACHIEVEMENT AND PERFORMANCE

Charitable activities

TheBoardofTrusteesaresatisfiedwiththeperformanceofthecharityduringtheperiod,considerthatthecharityisin a
positiontocontinueitsactivitiesduringthecomingyear,andthatthecharity'sassetsareadequatetofulfil its
obligations.

Internal and external factors

There are no specific factors to report.

FINANCIAL REVIEW

Financial position

Thecharityhashadasuccessfulyear,raising£98,228(2019:£68,665)indonations,andmakinggrantstotalling £88,457
(2019: £74,560) to individuals in accordance with the objectives of the charity.

Principal funding sources

The principal funding sources are donations from individuals and limited companies.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.

Organisational structure

The number of trustees must not be less than three or more than five.

Apartfromthefirsttrustees,everytrusteesmustbeappointedbyaresolutionpassedataproperlyconvenedmeeting of
the charity trustees.

Inselectingindividualsforappointmentascharitytrustees,thetrusteesmusthaveregardtotheskills,knowledge and
experience needed for the effective administration of the charity.

Risk management

Thetrusteeshaveassessedthemajorriskstowhichthecharityisexposedandaresatisfiedthatsystemsareinplace to
mitigate exposure to major risks.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Charity number

1179428

Page 1

BHS KOLLEL

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2020

Principal address

10 Gresham Gardens
London
NW11 8PB

Trustees

Mr J J Scharfer
Mr A Ratzersdorfer
Mr M S Itzinger

Independent Examiner

Melinek Fine LLP
Chartered Accountants
First Floor, Winston House
349 Regents Park Road
London
N3 1DH

Approved by order of the board of trustees on 24 June 2021 and signed on its behalf by:

Mr A Ratzersdorfer - Trustee

Page 2

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF

BHS KOLLEL

Independent examiner's report to the trustees of BHS Kollel

IreporttothecharitytrusteesonmyexaminationoftheaccountsofBHSKollel(theTrust)fortheyear ended
31 August 2020.

Responsibilities and basis of report

AsthecharitytrusteesoftheTrustyouareresponsibleforthepreparationoftheaccountsinaccordancewith the
requirements of the Charities Act 2011 ('the Act').

IreportinrespectofmyexaminationoftheTrust'saccountscarriedoutundersection145oftheActandincarrying out
myexaminationIhavefollowedallapplicableDirectionsgivenbytheCharityCommissionundersection145(5)(b)of the
Act.

Independent examiner's statement

Ihavecompletedmyexamination.Iconfirmthatnomaterialmattershavecometomyattentioninconnectionwith the
examination giving me cause to believe that in any material respect:

1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or

2. the accounts do not accord with those records; or

3. 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.

Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationtowhichattention should
be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Mr Daniel Fine, FCA
Melinek Fine LLP
Chartered Accountants
First Floor, Winston House
349 Regents Park Road
London
N3 1DH

24 June 2021

Page 3

BHS KOLLEL

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2020

			Period
			2.8.18
		Year Ended	to
		31.8.20	31.8.19
		Unrestricted	Total
		fund	funds
	Notes	£	£
INCOME AND ENDOWMENTS FROM
Donations and legacies		98,228	68,665
EXPENDITURE ON
Charitable activities
Charitable activities		600	2,197
Grants to individuals		88,457	74,560
Total		89,057	76,757
NET INCOME/(EXPENDITURE)		9,171	(8,092)
RECONCILIATION OF FUNDS
Total funds brought forward		(8,092)	-
TOTAL FUNDS CARRIED FORWARD		1,079	(8,092)

The notes form part of these financial statements

Page 4

BHS KOLLEL

BALANCE SHEET 31 AUGUST 2020

2020 Unrestricted fund Notes £ CURRENT ASSETS Cash at bank 11,279 CREDITORS Amounts falling due within one year 3 (10,200) NET CURRENT ASSETS/(LIABILITIES) 1,079 TOTAL ASSETS LESS CURRENT LIABILITIES 1,079 NET ASSETS/(LIABILITIES) 1,079 FUNDS Unrestricted funds 1,079 TOTAL FUNDS 1,079	2019 Total funds £ 1,508 (9,600) (8,092) (8,092) (8,092) (8,092) (8,092)

ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissueon24June2021and were
signed on its behalf by:

Mr A Ratzersdorfer - Trustee

The notes form part of these financial statements

Page 5

BHS KOLLEL

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

Thefinancialstatementsofthecharity,whichisapublicbenefitentityunderFRS102,havebeenprepared in
accordancewiththeCharitiesSORP(FRS102)'AccountingandReportingbyCharities:Statement of
RecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancial Reporting
StandardapplicableintheUKandRepublicofIreland(FRS102)(effective1January2019)',Financial Reporting
Standard102'TheFinancialReportingStandardapplicableintheUKandRepublicofIreland'andthe Charities
Act 2011. The financial statements have been prepared under the historical cost convention.

Financial reporting standard 102 - reduced disclosure exemptions

Thecharityhastakenadvantageofthefollowingdisclosureexemptionsinpreparingthesefinancial statements,
as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':

• the requirements of Section 7 Statement of Cash Flows.

Income

AllincomeisrecognisedintheStatementofFinancialActivitiesoncethecharityhasentitlementtothefunds,it is
probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommitting the
charitytothatexpenditure,itisprobablethatatransferofeconomicbenefitswillberequiredinsettlement and
theamountoftheobligationcanbemeasuredreliably.Expenditureisaccountedforonanaccrualsbasisand has
beenclassifiedunderheadingsthataggregateallcostrelatedtothecategory.Wherecostscannotbe directly
attributedtoparticularheadingstheyhavebeenallocatedtoactivitiesonabasisconsistentwiththeuse of
resources.

Grantsofferedsubjecttoconditionswhichhavenotbeenmetattheyearenddatearenotedasa commitment
but not accrued as expenditure.

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthecharity. Restrictions
arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2. TRUSTEES' REMUNERATION AND BENEFITS

Therewerenotrustees'remunerationorotherbenefitsfortheyearended31August2020norforthe period
ended 31 August 2019.

Trustees' expenses

Therewerenotrustees'expensespaidfortheyearended31August2020norfortheperiod ended
31 August 2019.

continued...

Page 6

BHS KOLLEL

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2020

3. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors Other creditors	2020 £ 600 9,600 10,200	2019 £ - 9,600
		9,600

4. RELATED PARTY DISCLOSURES

Included in other creditors is an amount owed to one of the trustees.

Page 7