``` 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 ```