REGISTERED CHARITY NUMBER: 1182246
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 December 2024
for
Kollel Stam
London Accounting Group Ltd 5 North End Road London NW11 7RJ
Kollel Stam
Contents of the Financial Statements for the Year Ended 31 December 2024
| 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 | 9 |
Kollel Stam
Report of the Trustees for the Year Ended 31 December 2024
The trustees present their report with the financial statements of the charity for the year ended 31 December 2024. 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 charity is to provide support and give grants to disadvantaged students within the UK.
Public benefit
The trustees confirm their compliance with the duty to have regard to the Public Benefit guidance published by the Charity Commission when reviewing the Charity's aims and objectives in planning future activities.
FINANCIAL REVIEW
Financial position
The trustees are satisfied with charities achievements.
Reserves policy
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 haven't managed to achieve it as we had to many people to support with not enough income.
FUTURE PLANS
Kollel Stam will continue seeking funding from charitable trust and private donations to help develop its services further.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
Kollel Stam is constituted under a deed dated 27 February 2019. It is registered charity number is 1182246.
Recruitment and appointment of new trustees
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 management
The trustees have identified and reviewed the major risks to which the charity is exposed. Both manual and automated checks are regularly invoked, particularly those relating to the operations and finance of the charity. The trustees are satisfied that these systems and procedures manage any perceived risks.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1182246
Principal address
24 Fountayne Road London N16 7DX
Trustees
A Schlesinger Soloman Moses Tangy Liebel Schlesinger
Page 1
Kollel Stam
Report of the Trustees for the Year Ended 31 December 2024
REFERENCE AND ADMINISTRATIVE DETAILS
Independent Examiner
Samuel Feigenblatt FCCA London Accounting Group Ltd 5 North End Road London NW11 7RJ Approved by order of the board of trustees on ............................................. and signed on its behalf by:
........................................................................ A Schlesinger - Trustee
Page 2
Independent Examiner's Report to the Trustees of Kollel Stam
Independent examiner's report to the trustees of Kollel Stam
I report to the charity trustees on my examination of the accounts of Kollel Stam (the Trust) for the year ended 31 December 2024.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all 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 Trust as required by Section 130 of the Act; or
-
the accounts do not accord with those records; or
-
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.
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 accounts to be reached.
Samuel Feigenblatt FCCA
London Accounting Group Ltd 5 North End Road London NW11 7RJ
Date: .............................................
Page 3
Kollel Stam
Statement of Financial Activities for the Year Ended 31 December 2024
| 31.12.24 | 31.12.23 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| INCOME AND ENDOWMENTS FROM | |||
| Donations and legacies | 106,279 | 99,529 | |
| EXPENDITURE ON | |||
| Raising funds | - | 178 | |
| Charitable activities | |||
| Charitable activities | 95,234 | 104,278 | |
| Other | 780 | 720 | |
| Total | 96,014 | 105,176 | |
| NET INCOME/(EXPENDITURE) | 10,265 | (5,647) | |
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | (684) | 4,963 | |
| TOTAL FUNDS CARRIED FORWARD | 9,581 | (684) |
The notes form part of these financial statements
Page 4
Kollel Stam
Balance Sheet 31 December 2024
| 31.12.24 | 31.12.23 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| CURRENT ASSETS | |||
| Cash at bank | 10,361 | 36 | |
| CREDITORS | |||
| Amounts falling due within one year | 4 | (780) | (720) |
| NET CURRENT ASSETS/(LIABILITIES) | 9,581 | (684) | |
| TOTAL ASSETS LESS CURRENT | |||
| LIABILITIES | 9,581 | (684) | |
| NET ASSETS/(LIABILITIES) | 9,581 | (684) | |
| FUNDS | 5 | ||
| Unrestricted funds | 9,581 | (684) | |
| TOTAL FUNDS | 9,581 | (684) |
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
.............................................
A Schlesinger - Trustee
The notes form part of these financial statements
Page 5
Kollel Stam
Notes to the Financial Statements for the Year Ended 31 December 2024
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.
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.
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 December 2024 nor for the year ended 31 December 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2024 nor for the year ended 31 December 2023.
3. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | |
|---|---|
| fund | |
| £ | |
| INCOME AND ENDOWMENTS FROM | |
| Donations and legacies | 99,529 |
| EXPENDITURE ON | |
| Raising funds | 178 |
| Charitable activities | |
| Charitable activities | 104,278 |
| Other | 720 |
Page 6
continued...
Kollel Stam
Notes to the Financial Statements - continued for the Year Ended 31 December 2024
3. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
| Total NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD 4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other creditors 5. MOVEMENT IN FUNDS At 1/1/24 £ Unrestricted funds General fund (684) TOTAL FUNDS (684) Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 106,279 TOTAL FUNDS 106,279 |
Unrestricted fund £ 105,176 (5,647) 4,963 (684) 31.12.24 31.12.23 £ £ 780 720 Net movement At in funds 31/12/24 £ £ 10,265 9,581 10,265 9,581 Resources Movement expended in funds £ £ (96,014) 10,265 (96,014) 10,265 |
|---|---|
continued...
Page 7
Kollel Stam
Notes to the Financial Statements - continued for the Year Ended 31 December 2024
5. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1/1/23 | in funds | 31/12/23 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 4,963 | (5,647) | (684) |
| TOTAL FUNDS | 4,963 | (5,647) | (684) |
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 99,529 99,529 |
Resources Movement expended in funds £ £ (105,176) (5,647) (105,176) (5,647) |
Resources Movement expended in funds £ £ (105,176) (5,647) (105,176) (5,647) |
|---|---|---|---|
| (5,647) |
A current year 12 months and prior year 12 months combined position is as follows:
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1/1/23 | in funds | 31/12/24 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 4,963 | 4,618 | 9,581 |
| TOTAL FUNDS | 4,963 | 4,618 | 9,581 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 205,808 205,808 |
Resources Movement expended in funds £ £ (201,190) 4,618 (201,190) 4,618 |
Resources Movement expended in funds £ £ (201,190) 4,618 (201,190) 4,618 |
|---|---|---|---|
| 4,618 |
continued...
Page 8
Kollel Stam
Notes to the Financial Statements - continued for the Year Ended 31 December 2024
6. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2024.
Page 9