2023-09-30-accounts - Kollel D'chasidei Belz Ltd

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KOLLEL D`CHASIDEI BELZ LTD (A company limited by guarantee)

Trustees' report and financial statements for the year ended 30 September 2023

KOLLEL D`CHASIDEI BELZ LTD

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDING 30 SEPTEMBER 2023

	Page
Report of the Trustees	3
Independent Examiner's Report	4
Statement of Financial Activities	5
Balance Sheet	6
Notes to the Financial Statements	7 to 8
Detailed statement of Financial Activities	9

KOLLEL D`CHASIDEI BELZ LTD

REPORT OF THE TRUSTEES

FOR THE YEAR ENDING 30 SEPTEMBER 2023

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 September 2023. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' issued in March 2005.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

12214390 (England and Wales)

Registered Charity number

1186741

Registered office

99 Bethune Road London N16 5ED

Trustees

Cholem Friedman Getzel Weiss

Independent Examiner

JS&CO Accountants Ltd 26 Theydon Road London E5 9NA

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

OBJECTIVES AND ACTIVITIES

Objectives and aims

To provide facilities to study and research Jewish law. We also provide assistance to help people to have the right understanding in Jewish law. In addition we provide help for needy families before the Jewish holidays'. Review of activities and achievements

The trustees are pleased with results for the year.

ON BEHALF OF THE BOARD:

Cholem Friedman - Trustee 3[rd] July 2024

This page does not form part of the statutory financial statements

Page 4

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF KOLLEL D`CHASIDEI BELZ LTD

I report on the accounts for the year ended 30[th] September 2023 set out on pages five to eight.

Respective responsibilities of trustees and examiner

The charity's trustees (who are also the directors for the purposes of company law) 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(2) of the Charities Act 2011(the 2011 Act)) and that an independent examination is required.

Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:

examine the accounts under Section 145 of the 2011 Act
to follow the procedures laid down in the General Directions given by the Charity Commission (under Section 145(5) (b) of the 2011 Act); and
to state whether particular matters have come to my attention.

Basis of the independent examiner's report

My examination was carried out in accordance with the 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 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 statements below.

Independent examiner's statement

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 386 and 387 of the Companies Act 2006; and
to prepare accounts which accord with the accounting records, comply with the accounting requirements of Sections 394 and 395 of the Companies Act 2006 and with the methods and principles of the 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 2015)

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.

JS&CO Accountants Ltd 26 Theydon Road London E5 9NA 3[rd] July 2024

This page does not form part of the statutory financial statements

Page 4

KOLLEL D'CHASIDEI BELZ LTD

STATEMENT OF FINANCIAL ACTIVITIES

for the year ending 30 September 2023

Notes INCOMING RESOURCES Incoming resources from generated funds Voluntary Income 6 Grants received 7 Total Incoming resources RESOURCES EXPENDED Fundraising costs 8 Charitable activities Costs of charitable activities - by activi 9 Governance costs 10 Total resources expended NET INCOMING/(OUTGOING) RESOURCES RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD	Restricted funds Unrestricted funds Total 2023 £ £ £ 0 150,633 150,633 10,000 0 10,000 10,000 150,633 160,633 0 12,599 12,599 484 120,157 120,157 0 2,928 2,928 484 135,684 136,168 9,516 14,949 24,465 0 -4,613 -4,613 9,516 10,336 19,852	2022 £ 107,741 0
		107,741 0 78,015 2,721
		80,736 27,005 -31,618
		-4,613

The Notes form part of the financial statements

Page 5

KOLLEL D'CHASIDEI BELZ LTD

2023 Notes £ £ FIXED ASSETS Fixtures & Fittings 3 500 CURRENT ASSETS: Cash at bank and in hand 31,232 Prepayment 0 31,232 CREDITORS: amounts falling due within one year 4 -11,880 Net Current assets/(liabilities) 19,352 NET ASSETS: 19,852 FUNDS 5 Restricted funds 9,516 Unrestricted funds 10,336 TOTAL FUNDS 19,852 BALANCE SHEET 30-Sep-23	2022 £ £ 1,000 1,943 2,400 4,343 -9,956 -5,613 -4,613 -4,613 -4,613	2022 £ £ 1,000 1,943 2,400 4,343 -9,956 -5,613 -4,613 -4,613 -4,613

		-4,613
		-4,613
		-4,613

The Charitable company is entitled to exemption from audit under section 477 of Companies Act 2006 for the year ended 30 September 2023

The trustees have not required the charitable company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with section 476 of Companies Act 2006.

The trustees acknowledge their responsibilities for

a) ensuring that the charitable company keeps accounting records that comply with Section 386 and 387 of the Companies Act 2006 and
b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Section 394 and 395 and which otherwise comply with all the requirements of the Companies Act 2006 relaiting to financila stataments, so far as applicable to the charitable company.

These financial statements have been prepared in accordance with the special provision of Part 15 of the Companies Act 2006 relating to small charitable companies and with the Financial reporting Standard for smaller entities (effective April 2008)

Approved by the board of Trustees on: And signed on their behalf by:

03 July 2024

Cholem Friedman- Trustee

The Notes form part of these financial statements

Page 6

KOLLEL D'CHASIDEI BELZ LTD

NOTES TO THE FINANCIAL STATEMENTS for the year ending 30 September 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 accurals 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 consitent 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.

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less accumulated depreciation. Depreciation is provided at rates calculated to write off the cost residual value of each asset over its expected useful life, as follows:

Office equipment - 25% reducing balance

2 TRUSTEES REMUNERATION AND BENEFITS

No trustee received remuneration, allowance for or reimbursement of expenses.

EMPLOYEES

Average number of employees, during the year was as follows: 10 (2022: 10)

Page 7

KOLLEL D'CHASIDEI BELZ LTD

NOTES TO THE FINANCIAL STATEMENTS

for the year ending 30 September 2023

At 1.10.22 £ -4,613	Office Equipment £ 2,500 2,500 1,500 500 2,000 500	Totals £ 2,500 0
		2,500
		1,500 500
		2,000 500
	1,000 2023 £ 10,500 1,380 11,880 Net movement in funds £ 14,949 9,516 24,465	1,000
		2022 £ 9,296 660
		9,956
		At 30.09.23 £ 10,336
0		9,516
-4,613		19,852
		Movement in funds £ 14,949
		9,516
		24,465

Page 8

KOLLEL D'CHASIDEI BELZ LTD

DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the year ending 30 September 2023

Restricted Unrestricted Total 2023 INCOMING RESOURCES £ £ Voluntary Income 6 Donations 0 150,633 150,633 7 Grants 10,000 0 10,000 Total incoming resources 10,000 150,633 160,633 RESOURCES EXPENDED 8 Fundraising costs 0 12,599 12,599 9 Costs of charitable activities - by activity Support for needy families 484 12,580 13,064 wages 101,283 101,283 Rent 2,400 2,400 Cleaning 0 Books 586 586 Food 2,808 2,808 Depreciation 0 500 500 484 120,157 120,641 10 Governance costs Accountancy 720 720 Professional fees 117 117 Bank Interest 0 Bank charges 2,091 2,091 0 2,928 2,928 Total resources expended 484 135,684 136,168 NET INCOME FOR THE YEAR 9,516 14,949 24,465 RECONCILIATION OF FUNDS NET INCOME FOR YEAR 9,516 14,949 24,465 Total Funds Brought Forward 0 -4,613 -4,613 Total Funds Carried Forward 9,516 10,336 19,852	Restricted Unrestricted Total 2023 £ £ 0 150,633 150,633 10,000 0 10,000	2022 £ 107,741 0
		107,741 0 10,000 62,226 2,400 640 0 2,249 500
		78,015 660 807 859 395
		2,721 80,736 27,005 27,005 -31,618
		-4,613

This page does not form part of the financial statement

Page 9