**Charity Number 1199355** ## **KOLLEL AHAVAS TORAH** **FINANCIAL STATEMENTS 30 SEPTEMBER 2023** ## **KOLLEL AHAVAS TORAH** ## **FINANCIAL STATEMENTS** ## **YEAR ENDED 30 SEPTEMBER 2023** |**CONTENTS**|**PAGE**| |---|---| |Trustees and professional advisers|**1**| |Trustees Annual Report|**2-3**| |Independent examiner`s report to the trustees|**4**| |Statement of financial activities|**5**| |Balance sheet|**6**| |Notes to the financial statements|**7-9**| **KOLLEL AHAVAS TORAH** ## **TRUSTEES AND PROFESSIONAL ADVISERS** |**Registered charity name**|KOLLEL AHAVAS TORAH| |---|---| |**Charity number**|1199355| |**Principal office**|46 Firsby Road| ||London| ||N16 6QA| |**Trustees**|S Mandel| ||A Benedikt| ||H Bard| |**Independent examiner**|JS & Co Accountants Ltd| ||26 Theydon Road| ||London| ||E5 9NA| |**Bankers**
|NatWest| **- 1 -** **KOLLEL AHAVAS TORAH TRUSTEES ANNUAL REPORT** _**(continued)**_ **YEAR ENDED 30 SEPTEMBER 2023** The trustees have pleasure in presenting their report and the unaudited financial statements of the charity for the year ended 30 September 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: S Mandel A Benedikt H Bard 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, S Mandel 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 Ahavas Torah is constituted under a deed dated 17 June 2022. It is a registered charity number 1199355 and was registered on 17 June 2022. 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** To advance in life and help young people through: (a) the provision of recreational and leisure time activities provided in the interest of social welfare, designed to improve their conditions of life; (b) providing support and activities which develop their skills, capacities and capabilities to enable them to participate in society as mature and responsible individuals © To support adults with their studies ## **STRUCTURE AND MANAGEMENT** A Senior Carer manages the daily running of activities, reporting weekly to the Director of Services. The Director reports quarterly to the trustees on the general running of projects and more frequently where issues need to be addressed. The trustees are responsible for final decisions. **- 2 -** **KOLLEL AHAVAS TORAH TRUSTEES ANNUAL REPORT** _**(continued)**_ **YEAR ENDED 30 SEPTEMBER 2023** ## **RISK MANAGEMENT** The trustees have put in place systems to identify risks and review the systems regularly. ## **A REVIEW OF OUR ACHIEVEMENTS AND PERFORMANCES** We had very good reviews of our achievements and performances and our clients were pleased with the outcomes and greatly benefited from our services. Dentations received for the first year of our charity were £145,631 which most of it we were able to forward towards grant for individuals in need. ## **RESERVES** The trustees aim to maintain free reserves in unrestricted funds at a level which equates to approximately three months of unrestricted charitable expenditure. ## **PLANS FOR THE FUTURE** Our plan is to be able to resume with our current programmes in the future and continue to assist our clients with their needs. Signed on behalf of the trustees ## **Trustee** 3 July 2024 **- 3 -** **KOLLEL AHAVAS TORAH INDEPENDENT EXAMINER`S REPORT YEAR ENDED 30 SEPTEMBER 2023** I report to the trustees on my examination of the financial statements of Kollel Ahavas Torah ('the charity') for the year ended 30 September 2023. ## **Responsibilities and basis of report** 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(2) of the Charities Act 2011 (the 2011 Act)) and that an independent examination is required. 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. 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 130 of the 2011 Act; and - to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 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. Js& Co Accountants Ltd 26 Theydon Road London E5 9NA 3 July 2024 **- 4 -** ## KOLLEL AHAVAS TORAH ## STATEMENT OF FINANCIAL ACTIVITIES for the year ended 30 September 2023 |Notes
INCOMING RESOURCES
Incoming resources from generated funds
Grants and donations
3
Total Incoming resources
RESOURCES EXPENDED
4
Costs of charitable activities
Services running Cost
Governance costs
Total resources expended
NET INCOMING/(OUTGOING)
RESOURCES
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD|£
Unrestricted
funds
145,631|£
Total 2023
145,631| |---|---|---| ||145,631
145,624
720
146,344
-713
0
-713|145,631
145,624
720| |||146,344
-713
0| |||-713| The Notes form part of the financial statements -5- ## KOLLEL AHAVAS TORAH |Notes
CURRENT ASSETS:
Cash at bank and in hand
CREDITORS: amounts falling
due within one year
5
Net Current assets/(liabilities)
NET ASSETS:
FUNDS
6
Unrestricted funds
TOTAL FUNDS
Approved by the board of Trustees on:
And signed on their behalf by:
BALANCE SHEET
30-Sep-23
03 July 2024|2023
£
£
7
7
-720
-713
-713
-713
-713|2023
£
£
7
7
-720
-713
-713
-713
-713| |---|---|---| |||| |||-713| |||-713| |||-713| |||| Trustee The Notes form part of these financial statements -6- ## KOLLEL AHAVAS TORAH NOTES TO THE FINANCIAL STATEMENTS for the year ended 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 ## 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 30 September 2023 ## Trustees Expenses There were no trustees expenses paid for the year ended 30 September 2023 Employees for the year ended 30 September 2023 -7- ## KOLLEL AHAVAS TORAH ``` NOTES TO THE FINANCIAL STATEMENTS for the year ended 30 September 2023 ``` ## INCOMING RESOURCES |INCOMING RESOURCES||| |---|---|---| |Incoming resources from generated funds
`3` Grants and donations
Total incoming resources
`4` RESOURCES EXPENDED
Services running Cost
Advertising
Grants
Travel
Governance costs
Accountancy
Professional fees
Bank charges & interest
Total resources expended
NET INCOME FOR THE YEAR
RECONCILIATION OF FUNDS
NET INCOME FOR YEAR
Total Funds Brought Forward
Total Funds Carried Forward|Unrestricted
funds
£
145,631
145,631
3,205
142,231
188
145,624
720
720
146,344
-713
-713
0
-713|Total 2023
£
145,631| |||145,631
3,205
142,231
188| |||145,624
720
0
0| |||720
146,344
-713
-713
0| |||-713| -8- ## KOLLEL AHAVAS TORAH NOTES TO THE FINANCIAL STATEMENTS for the year ended 30 September 2023 |5
CREDITORS
DUE WITHIN ONE YEAR
Accruals|2023
£
720| |---|---| ||720| |7
Unrestricted funds
General fund
TOTAL FUNDS|At 17.6.22
Net movement
in funds
£
£
0
-713
0
-713|At 30.09.23
£
-713| |---|---|---| |||-713| Net movement in funds, included in the above are as follows: |Unrestricted funds
General fund
TOTAL FUNDS|Incoming
Rescources
resources
expended
£
£
145,631
146,344
145,631
146,344|Movement in
funds
£
-713| |---|---|---| |||-713| -9-