## **Kol Medaber** ## **Annual Report and Financial Statements** **For year ended 31 January 2021** **Charity Number** **1179574** ## **Accounts and Business Solutions Limited** 158 Cromwell Road Salford M6 6DE Page 2 ## **Kol Medaber** Charity Commission Number 1179574 Financial Statements For Year Ended 31 January 2021 ## **Contents** |Charity Information
Report of The Trustees
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
Notes forming part of the financial statements|**Page**| |---|---| ||3
4 - 5
6
7
8
9 - 10| Page 3 ## **Kol Medaber** ## Charity Commission Number 1179574 Financial Statements For Year Ended 31 January 2021 ## **Charity Information** ## **Board of Trustees** Isaac Strom Yackov Yehuda Becher Hindey Strom ## **Administration Address** 154 Osbaldeston Road London NW11 9TR ## **Charity Number** 1179574 ## **Accountants and Independent Examiners** Accounts and Business Solutions Limited 158 Cromwell Road Salford M6 6DE Page 4 # **Kol Medaber** Charity Commission Number 1179574 Financial Statements For Year Ended 31 January 2021 ## **Report of the Trustees** ## **Status and Administration** The Charity, constituted by CIO - Foundation Registered 16 August 2018 and is a Registered Charity. ## **Trustees** The Trustees in office throughout the year were Mr I Strom, Mr YY Becher and Mrs H Strom. No trustee nor any person connected with them received any remuneration during the year. ## **Charitable Objects** The Objects of the CIO shall be the advancement of the orthodox Jewish faith and in particular but not exclusively to foster and promote marriage amongst Jewish people in accordance with the laws and customs of the orthodox Jewish religion by facilitating the creation and maintenance of successful marriages for Jewish singles. ## **Donations received and charitable activity** Donations received during the year amount to £52,862.92 (2020: £0.00). Total charitable actitivies amounted to £48,493.88 (2020: £0.00). ## **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. ## **Public Benefit Disclosure** The Trustees confirm their compliance with the duty to have due regard to the public benefit guidance published by the Charity Commission when reviewing the Charity's aims and objectives in planning future activities. ## **Remuneration and benefits** The trustees received no remuneration and benefits during the year. ## **Governing Document** The charity's governing document is in the form of a trust deed. The trust deed was signed on 15th August 2018. Page 5 # **Kol Medaber** Charity Commission Number 1179574 Financial Statements For Year Ended 31 January 2021 ## **Report of the Trustees (continued)** ## **Responsibilities of the Trustees** Charity Law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the Balance Sheet Date, and of its incoming resources, including income and expenditure for the financial year. In preparing those financial statements, the Trustees should follow best practice and - a. Select suitable accounting policies and apply them consistently. - b. Make judgments and estimates that are reasonable and prudent. - c. Follow applicable accounting standards and the Charities SORP, disclosing and explaining any departures in the financial statements. - d. Prepare the financial statements on the going concern basis unless it is inappropriate to assume that the charity will continue in operation. The Trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them as Trustees to ensure that the financial statements comply with the Charity Law. The Trustees are also responsible for safeguarding the charity's assets and hence for taking reasonable steps for the prevention and detection of fraud and other regularities. Approved by The Trustees on 23/11/2021 Isaac Strom - Trustee Page 6 ## **Kol Medaber** Charity Commission Number 1179574 Financial Statements For Year Ended 31 January 2021 ## **Independent Examiner's Report to the Trustees** I report on the financial statements of Kol Medaber Trust for the year ended 31 January 2021. ## **Respective Responsibilities of Governors and Examiner** The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. It is my responsibility to: - examine the accounts under section 145 of the Charities Act, - to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and to state whether particular matters have come to my attention. ## **Basis of Independent Examiner's Report** My examination was carried out in accordance with general Directions given by the Charity Commission. 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 the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below. In connection with my examination, no matter has come to my attention; 1. which gives me reasonable cause to believe that in, any material respect, the requirements: - to keep accounting records in accordance with section 130 of the Charities Act; and - to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met; or 2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. David Pollak Accounts and Business Solutions Limited 158 Cromwell Road Salford M6 6DE Date: 23 November 2021 Page 7 ## **Kol Medaber** ## Charity Commission Number 1179574 Financial Statements For Year Ended 31 January 2021 ## **Statement of Financial Activities** |**Incoming Resources**
Donations Received
**_Less:_**
**Charitable expenditure**
_Cost of Activities In Furtherance_
_of the Charity's Objects_
**Administrative expenditure**
Governance costs
**Accumulated Funds**
Net surplus / (deficit) for the year
Balance brought forward
Balance carried forward|_Notes_
_3_
_4_||_Unrestricted_
_funds_
_£_
52,863
52,863
48,494
48,494
500
500
3,869
0
3,869|**_2021_**
**_Total_**
**_£_**
**52,863**
**52,863**
**48,494**
**48,494**
**500**
**500**
**3,869**
**0**
**3,869**|_2020_
_Total_
_£_
0
0
0
0
0
0
0
0
0| |---|---|---|---|---|---| The notes on page 9 form part of these accounts. Page 8 ## **Kol Medaber** ## Charity Commission Number 1179574 Financial Statements ## For Year Ended 31 January 2021 ## **Balance Sheet At 31 January 2021** |**Current Assets**
Other debtors
_5_
Cash at Bank
**Current Liabilities**
Accruals
_6_
**Net Assets**
**Accumulated Funds**
Restricted
Unrestricted|**_2021_**
**_£_**
**4,000**
**369**
**4,369**
**500**
**500**
**3,869**
**0**
**3,869**
**3,869**|_2020_
_£_
0
0
0
0
0
0
0| |---|---|---| Approved by the Trustees on 23 November 2021 and signed on behalf of them all. Isaac Strom - Trustee The notes on page 9 form part of these accounts. Page 9 ## **Kol Medaber** Charity Commission Number 1179574 Financial Statements ## For Year Ended 31 January 2021 ## **Notes To The Accounts** ## **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 (Effective April 2008), and follow the recommendations in Accounting and Reporting by Charities: Statement of Recommended Practice (Issued March 2005). ## 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 Rental Income 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 Resources expended are accounted for on an accruals basis. Certain expenditure is apportioned to cost categories based on estimated amount attributable to that activity in the year. These estimates are based on the time and level of activity as appropriate. Management and administration 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. Depreciation Depreciation on tangible assets is calculated at 15% reducing balance. 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. ## **2) Turnover** The total turnover of the charity for the year has been derived from its principal activity wholly undertaken in the UK. |**aritable actitivites**
**overnance Costs**
Independent examiner's fee
Bonds and savings
**rrent assets**
Other debtors|**_2021_**
**_£_**
**48,494**
**48,494**
**_2021_**
**_£_**
**500**
**4,000**
**4,500**
**_2021_**
**_£_**
**4,000**
**4,000**|_2020_
_£_
0
0
_2020_
_£_
0
0
0
_2020_
_£_
0
0| |---|---|---| ## **3) Charitable actitivites** ## **4) Governance Costs** ## **5) Current assets** **Kol Medaber** Page 10 ## Charity Commission Number 1179574 Financial Statements For Year Ended 31 January 2021 ## **Notes To The Accounts (continued)** |**6) Current liabilties**
Accruals||**_2021_**
**_£_**
**500**
**500**|_2020_
_£_
0
0| |---|---|---|---|