**Charity Number 1182246**
## **KOLLEL STAM**
**FINANCIAL STATEMENTS 31 DECEMBER 2023**
## **KOLLEL STAM**
## **FINANCIAL STATEMENTS**
## **YEAR ENDED 31 DECEMBER 2023**
|**CONTENTS**|**PAGE**|
|---|---|
|Trustees and professional advisers|**1**|
|Trustees Annual Report|**2**|
|Statement of Trustees responsibilities|**4**|
|Independent examiner report|**5**|
|Statement of financial activities|**6**|
|Balance sheet|**7**|
|Notes to the financial statements|**8-9**
|
## **KOLLEL STAM**
## **TRUSTEES AND PROFESSIONAL ADVISERS**
|**Registered charity name**|KOLLEL STAM|
|---|---|
|**Charity number**|1182246|
|**Principal office**|24 Fountayne Road|
||London|
||N16 7DX|
|**Trustees**|A Schlesinger|
||S M Tangy|
||L Schlesinger|
|**Accountants**|JS&Co Accountants Ltd|
||26 Theydon Road|
||London|
||E5 9NA|
|**Bankers**|NAT WEST|
||Stoke Newington Branch|
||198 Stoke Newington High St|
||London|
||N16 7GA|
**- 1 -**
## **KOLLEL STAM**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **YEAR ENDED 31 DECEMBER 2023**
The trustees have pleasure in presenting their report and the unaudited financial statements of the charity for the year ended 31 December 2023.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
Reference and administrative details are shown in the schedule of trustees and professional advisers on page 1 of the financial statements.
## **THE TRUSTEES**
The trustees who served the company during the period were as follows:
A Schlesinger S M Tangy L Schlesinger
There is no chief executive officer nor any other staff employed in the charity. The day to day affairs are undertaken by the charity’s founder, A Schlesinger on behalf of the trustees.
All major decisions are taken collectively by the trustees.
The trustees are unpaid and details of any related party transactions are disclosed as applicable in the notes to the accounts.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
Kollel Stam is constituted under a deed dated 27 February 2019. It is a registered charity number 1182246
Recruitment and appointment of new trustees would be in line with the Trust Deed and with the consent of the trustees. The criteria set for the suitable candidate would be someone who is sensitive to the needs and demands of the organisation.
## **RISK REVIEW**
The Trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the Trust, and are satisfied that systems are in place to manage our exposure to the major risks.
## **OBJECTIVES AND ACTIVITIES**
The object of the charity is to provide support and give grants to disadvantaged students within the UK.
## **RISK MANAGEMENT**
The trustees have put in place systems to identify risks and review the systems regularly.
## **A REVIEW OF OUR ACHIEVEMENTS AND PERFORMANCES**
The trustees are satisfied with charities achievements.
**- 2 -**
## **KOLLEL STAM**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **YEAR ENDED 31 DECEMBER 2023**
## **RESERVES**
The trustees aim to maintain free reserves in unrestricted funds at a level which equates to approximately three months of unrestricted charitable expenditure, unfortunately this year we havent managed to achieve it as we had to many people to support with not enough income.
## **PLANS FOR THE FUTURE**
Kollel Stam will continue seeking funding from charitable trust and private donations to help develop its services further
Signed on behalf of the trustees
## **Trustee**
3 September 2024
**- 3 -**
## **KOLLEL STAM**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **YEAR ENDED 31 DECEMBER 2023**
The charity's trustees are responsible for preparing the Trustees Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales 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 and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011 and the Charity (Accounts and Reports) Regulations 2008. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
**- 4 -**
## INDEPENDENT EXAMINER`S REPORT TO THE TRUSTEES OF KOLLEL STAM
We report on the account for the year ended 31 December 2023 set out on pages 6 to 9.
## **Respective responsibilities of trustees and examiner**
The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (“the Act”) and that an independent examination is needed.
It is my responsibility to:
examine the accounts under section 145 of the 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
state whether particular matters have come to my attention.
## **Basis of independent examiner's statement**
My examination was carried out in accordance with the General Directions given by the Charities Commissioners. 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 you as 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.
## **Independent examiner's statement**
In connection with my examination, no matter has come to my attention: **(** i) 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 2011; 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
(ii) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached
Js&Co Accountant Ltd 26 Theydon Road London E5 9NA
> 4 September 2024
5
## **KOLLEL STAM**
STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 December 2023
|Notes
**INCOMING RESOURCES**
**Incoming resources from generated funds**
Donations
3
**Total Incoming resources**
**RESOURCES EXPENDED**
**Cost of Generating funds**
Fundraising Costs
**Costs of charitable activities**
Relief of poverty
**Governance costs**
**Total resources expended**
**NET INCOMING/(OUTGOING)**
**RESOURCES**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
**TOTAL FUNDS CARRIED FORWARD**|£
£
Unrestricted
funds
Total 2023
99,529
99,529|£
Total 2022
102,333|
|---|---|---|
||99,529
99,529
178
178
104,278
104,278
720
720
105,176
104,998
-5,647
-5,469
4,963
4,963
**-684**
**-506**|102,333
0
96,611
1,201|
|||97,812
4,521
442|
|||**4,963**|
The Notes form part of the financial statements
**-6-**
## **KOLLEL STAM**
|2023
Notes
£
£
**CURRENT ASSETS:**
Cash at bank and in hand
36
36
**CREDITORS: amounts falling**
**due within one year**
4
-720
**Net Current assets/(liabilities)**
-684
**NET ASSETS:**
-684
**FUNDS**
5
Unrestricted funds
-684
**TOTAL FUNDS**
-684
Approved by the board of Trustees on:
And signed on their behalf by:
03 September 2024
BALANCE SHEET
31-Dec-23|2022
£
£
5,623
5,623
-660
4,963
4,963
4,963
4,963|2022
£
£
5,623
5,623
-660
4,963
4,963
4,963
4,963|
|---|---|---|
||||
|||4,963|
|||4,963|
|||4,963|
||||
Trustee
The Notes form part of these financial statements
**-7-**
## **KOLLEL STAM**
NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 December 2023
## 1 **ACCOUNTING POLICIES**
## **Accounting convention**
These accounts have been prepared in accordance with the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (FRSSE) (effective January 2015). In preparing the accounts, the charity follows best practice as laid down in the Statement of Recommended Practice “Accounting and Reporting by Charities” (SORP) issued in March 2005. Where there is a conflict between the FRSSE and the SORP, the SORP has been adopted in accordance with paragraph 419ff of the SORP.
## **Incoming resources**
All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy.
## **Resources expended**
Expenditure is accounted for on 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
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
## 2 **TRUSTEES REMUNERATION AND BENEFITS**
There were no trustees remuneration or other benefits for the year ended 31 December 2023.
## **Trustees Expenses**
There were no trustees expenses paid for the year ended 31 December 2023.
## 3 **DONATIONS**
A list of grants and donations received are available from the office upon request in writing.
**-8-**
## **KOLLEL STAM**
NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 December 2023
|5
**CREDITORS**
**DUE WITHIN ONE YEAR**
Accruals|2023
£
720
720|2022
£
660|
|---|---|---|
|||660|
|**Unrestricted funds**
General fund
**TOTAL FUNDS**
Net movement in funds, included in the above
**Unrestricted funds**
General fund
**TOTAL FUNDS**|At 1.01.23
Net movement
in funds
4,963
-5,647
4,963
-5,647
are as follows:
Incoming
Rescources
resources
expended
£
£
99,529
105,176
99,529
105,176|At 31.12.23
£
-684|
|---|---|---|
|||-684|
|||Movement in
funds
£
-5,647|
|||-5,647|
9