REGISTERED CHARITY NUMBER: 1179428
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
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 2025
| 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 2025
The trustees present their report with the financial statements of the charity for the year ended 31 August 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The object of the CIO shall be the advancement of the Orthodox Jewish faith in such ways as the charity trustees think fit and in particular but without limitation by establishing, managing and supporting a learning centre for the public benefit known as BHS Kollel in North West London.
Significant activities
Donations received are used to pay charitable grants to the students in the academy so as to satisfy the charitable criteria established in the objects.
Public benefit
The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit and in particular to its supplementary public benefit guidance on advancing education when reviewing the charity's aims and objectives and in planning future activities and setting grant making policy.
Volunteers
There were no volunteers during the year.
ACHIEVEMENTS AND PERFORMANCE
Charitable activities
The Board of Trustees are satisfied with the performance of the charity during the period, consider that the charity is in a position to continue its activities during the coming year, and that the charity's assets are adequate to fulfil its obligations.
Internal and external factors
There are no specific factors to report.
FINANCIAL REVIEW
Financial position
The charity has had a successful year, raising £212,447 (2024: £169,607) in donations, and making research grants totalling £179,360 (2024: £198,210) to individuals in accordance with the objectives of the charity.
Total unrestricted funds at the year end was £48,689 (2024: £24,800).
Principal funding sources
The principal funding sources are donations from individuals and limited companies.
Reserves policy
At the year end, there was £48,689 (2024: £24,800) in reserves, which the trustees consider adequate.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is set up as a Charitable Incorporated Organisation (CIO) and was registered with the Charity Commission on 2 August 2018. BHS Kollel is governed by its constitution.
Organisational structure
The number of trustees must not be less than three or more than five.
Apart from the first trustees, every trustees must be appointed by a resolution passed at a properly convened meeting of the charity trustees.
In selecting individuals for appointment as charity trustees, the trustees must have regard to the skills, knowledge and experience needed for the effective administration of the charity.
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BHS KOLLEL
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025
STRUCTURE, GOVERNANCE AND MANAGEMENT Risk management
The trustees have assessed the major risks to which the charity is exposed and are satisfied that systems are in place to mitigate exposure to major risks.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number
1179428
Principal address
10 Gresham Gardens London NW11 8PB
Trustees
Mr J J Scharfer (resigned 15.5.25) Mr A Ratzersdorfer Mr M S Itzinger Mr Y D Bamberger (appointed 15.5.25)
Independent Examiner
Mr Daniel Fine, FCA 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 29 June 2026 and signed on its behalf by:
Mr A Ratzersdorfer - Trustee
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BHS KOLLEL
Independent Examiner's Report to the Trustees of BHS Kollel
I report to the trustees on my examination of the financial statements of BHS Kollel ('the charity') for the year ended 31 August 2025 which comprise the Statement of Financial Activities, the Balance Sheet and related notes.
This report is made solely to the charity's trustees, as a body, in accordance with section 145 of the Charities Act 2011. My work has been undertaken so that I might state to the charity's trustees those matters I am required to state to them in this report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for my work, for this report, or for the opinions I have formed.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the charity's financial statements carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the charity as required by section 130 of the Act; or
-
the financial statements do not accord with those records; or
-
the financial statements 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.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
Mr Daniel Fine, FCA
Melinek Fine LLP Chartered Accountants First Floor, Winston House 349 Regents Park Road London N3 1DH
29 June 2026
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BHS KOLLEL
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 AUGUST 2025
| 2025 Unrestricted fund £ INCOME AND ENDOWMENTS FROM Donations and legacies 212,447 EXPENDITURE ON Raising funds 6,558 Charitable activities Charitable activities 2,640 Research grants 179,360 Total 188,558 NET INCOME/(EXPENDITURE) 23,889 RECONCILIATION OF FUNDS Total funds brought forward 24,800 TOTAL FUNDS CARRIED FORWARD 48,689 |
2024 Total funds £ 169,606 3,323 969 198,210 202,502 (32,896) 57,696 24,800 |
|---|---|
The notes form part of these financial statements
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BHS KOLLEL
BALANCE SHEET
31 AUGUST 2025
| 2025 Unrestricted fund Notes £ CURRENT ASSETS Cash at bank 49,589 CREDITORS Amounts falling due within one year 3 (900) NET CURRENT ASSETS 48,689 TOTAL ASSETS LESS CURRENT LIABILITIES 48,689 NET ASSETS 48,689 FUNDS Unrestricted funds 48,689 TOTAL FUNDS 48,689 |
2024 Total funds £ 25,700 (900) 24,800 24,800 24,800 24,800 24,800 |
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 29 June 2026 and were signed on its behalf by:
Mr A Ratzersdorfer - Trustee
The notes form part of these financial statements
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BHS KOLLEL
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Financial reporting standard 102 - reduced disclosure exemptions
The charity has taken advantage of the following disclosure exemption in preparing these financial 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
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a 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.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. 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
There were no trustees' remuneration or other benefits for the year ended 31 August 2025 nor for the year ended 31 August 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 August 2025 nor for the year ended 31 August 2024.
continued...
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BHS KOLLEL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2025
3. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Other creditors | 900 | 900 |
4. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 August 2025.
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