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2022-01-31-accounts

Kol Medaber

Annual Report and Financial Statements

For year ended 31 January 2022

Charity Number

1179574

Whiteside and Davies

Chartered Certified Accountants 158 Cromwell Road Salford M6 6DE

Page 2

Kol Medaber

Charity Commission Number 1179574 Financial Statements For year ended 31 January 2022

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

Page 3

Kol Medaber

Charity Commission Number 1179574 Financial Statements For year ended 31 January 2022

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

Whiteside and Davies Chartered Certified Accountants 158 Cromwell Road Salford M6 6DE

Bankers

Barclays Bank

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Kol Medaber Charity Commission Number 1179574 Financial Statements For year ended 31 January 2022

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 provision of financial aid for couples getting married, enabling them to purchase the basic necessities for their wedding and subsequent establishment of their new home. These include but are not limited to clothing, kitchenware and basic household items. Tha charity also pays matchmakers' fees for sourcing and introducing marriage partners for people

Donations received and charitable activity

Donations received by generous benefactors during the year amount to £66,391 (2021: £52,863). Total charitable activities amounted to £57,103 (2021: £48,494).

The trustees wish to express their gratitude to all the donors for their generosity and in particular to Mrs Miriam Bindiger for her hard work in taking care of the needs of the beneficiaries voluntarily. Mrs Bindiger continues to give an opening ear and heart to those in need. At a recent trustee meeting, the trustees have elected to appoint her as trustee. She has thankfully accepted the role and will, in addition to her previous volunteering for this charity, taking care of the banking, accounting, and similar administration operations. It is envisaged that going forward, the charity will be in a better position to ensure the smooth running of its activities including meeting future deadlines.

Reserves

The trustees retain reserves of at lease £1000 in current assets 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.

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Kol Medaber Charity Commission Number 1179574 Financial Statements For year ended 31 January 2022

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

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 25 July 2023

Isaac Strom - Trustee

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Kol Medaber Charity Commission Number 1179574 Financial Statements For year ended 31 January 2022

Independent Examiner's Report to the Trustees

I report on the financial statements of Kol Medaber Trust for the year ended 31 January 2022.

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:

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:

  2. to keep accounting records in accordance with section 130 of the Charities Act; and

  3. to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act

have not been met; or

  1. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Date: 25 July 2023

David Pollak Whiteside and Davies Chartered Certified Accountants 158 Cromwell Road Salford M6 6DE

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Kol Medaber

Charity Commission Number 1179574 Financial Statements

For year ended 31 January 2022

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
Support costs
Accumulated Funds
Net surplus / (deficit) for the year
Balance brought forward
Balance carried forward		 Notes
3
4
5		 Unrestricted
funds
£
58,691
58,691
57,103
57,103
1,000
89
1,089
499
3,869
4,368		 2022
Total
£
58,691
58,691
57,103
57,103
1,000
89
1,089
499
3,869
4,368		 2021
Total
£
52,863
52,863
48,494
48,494
500
0
500
3,869
0
3,869

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 2022

Fixed assets
Current Assets
Cash at Bank
Current Liabilities
Accruals
Net Current assets (liabilities)
Net Assets
Accumulated Funds
Restricted
Unrestricted		 Notes
6
1,368
7
(1,000)
Balance Sheet
At 31 January 2022		 2022
£
4,000
368
4,368
0
4,368
4,368		 369
(500)		 2021
£
4,000
(131)
3,869
0
3,869
3,869

Approved by the Trustees on 26 July 2023 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 2022

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.

3) Charitable activities
Grants and donations paid
4) Governance Costs
Independent examiner's fee
Accountancy fees
5) Support costs
Bank Charges
6) Fixed assets
Investment Bonds
7) Current liabilities
Accruals