CHARITY REGISTRATION NUIABER: 1201288 Kollel Hakol Unaudited Financial Statements 30 November 2023 BRINDLEY LD TEIN LIMITED Chartered accountants 103 High Street Waltham Cross Herts Kollel Hakol Financial Statemenls Period from 1 July 2022 to 30 November 2023 Page Trustees, annual report Independent examiner's report to the trustees Statement of financial activities Statement of financial position Statement of cash flows Notes to the financial statements Kollel Hakol Trustees, Annual Report Period from 1 July 2022 to 30 November 2023 The trustees present their report and the unaudited financial statements ol the charty for the period ended 30 November 2023. Reference and admlnlstratlve detalls Reglstered charlty name Kollel Hakol Charlty reglstratlon number 1201288 Prlnclpal offl¢e 65 Green Lane London NW4 2AG The trustees Mr M. Shelton Mr M. Koenig Mr M. Culler Independent examlner Charles Goldslein FCA 103 High Sireel Wallham Cross Herts EN8 7AN Structure, governance and management The Charity is controlled by its governing document, a Trust Deed dated 22 June 2022 and conslilules an unincorporated charity. The Iruslees adrninistgr the day-loday affairs of the Charity. None of the Trustees have any bonelicial interest in the Charity. Obledlve$ and a¢llvllles The charity's objectives are., the advancernent of the orthodox jewish religion lor the benefit of the public, in particular bul not exclusively by the provision and maintenance ol a Kollel which will promote advanced talmudic study and jewish law. assisting those in poverty or financial hardship by providing grants, iteffls and services. providing lillered internel services for people who for reasons of religious observance choose not to have inlernel in their homes so that they may be able to engage with the wider society and modern technology. lo advance such charitable purposes. laccording to the law of England and Wales) as the trustees see lil from time lo time. Kollel Hakol Trustees, Annual Report (Contin￿d) Period from 1 July 2022 to 30 November 2023 Achievements and performance During the period under review, the charity received donations and grants amounting lo £758,446 and achieved a surplus ol income over expenditure amounting lo £18,361. Flnanclal revlew The financial results ol the Charity's activities for the pericwj are reflected in these financial slalements, together with the notes Ihereon. The Iruslees are satisfied with the results lor the period. The trustees, annual report was appioved on 25 September 2024 and signed on behalf ol th8 board ol Iruslees by.. Mr M. Shelton Trustee Kollel Hakol Independent Examiner's Report lo the Truslees of Kollel Hakol Period from 1 July 2022 to 30 November 2023 I report to the Iruslees on my examination ol the financial statements of Kollel Hakol I'the charity'l for the period ended 30 November 2023. Responsibilities and basis of report As the trustees of the charity you are responsible lor the preparation ol the financial slalemenls in accordance with the requirements of the Charities Act 2011 I'lhe Acl'l. I report in respect ol my examination ol the charitvs linancial slalements carried out under section 145 ol the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145{5llbl ol Ihe Act. Independent examlnor's statemont Since the charity's gross income exceeded £250,000 your examiner musl be a member of a body listed in section 145 01 the 2011 Act. I confirm that l am qualified lo undertake the examination because l am a member ol the Inslilule ol Chartered Accounlanls in England and Wales IICAEWI, which is one ol the listed bcKiies. I have completed my examination. I confirm that no material matters have come lo my attention in connection with the examinalion giving me cause lo believe Ihat in any material respect.. accounting records were not kept in respect ol the charity as required by section 130 of the Act., or the financial slalements do not accord with those records; or the financial statements do not comply with the applicable requirements concerning the form and conlenl ol accounts sel out in the Charilies (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'lrue and lair. view which is not a matter considered as part ol an independent examination. I have no concerns and have come across no olher matters in connection with the examination to which allenlion should be drawn in this report in order lo enable a proper understanding ol the accounts lo be reached. Charle5 Gold51ein FCA Independent Examiner 103 High Street Waltham Cross Herts EN8 7AN 25 Sep 24 Kollel Hakol Slatement of Financial Aclivilies Period from 1 July 2022 to 30 November 2023 Period from 1 Jul 22 to 30 Nov 23 Unieslricled funds Total funds Note Income and endowments Donations and legacies Total income 758.446 758,446 758.446 758,446 Expenditure Expenditure on charitable activities Total expenditure 740.085 740,085 740.085 740.085 Net Income and net movement In lunds 18.361 18.361 Reconclllatlon ol funds Total funds brought loNard Total funds carrled forward 18,361 18,361 The slalemenl ol financial activities includes all gains and losses reccgnised in the year. All income and expenditure derive from continuing activities. The note$ on p•ge$ 7 to 11 torni port of th￿ finan¢l•l $tstement$. Kollel Hakol Slatement of Financial Position 30 November 2023 30 Nov 23 Note Current assets Cash al bank and in hand 20,041 Creditors: amounts falling due within one year Nel current assets 10 1,680 18,361 Total assets less current liabilitles 18,361 Net assets 18,361 Funds of the charlty Unreslricled funds 18,361 Total charlty funds 11 18,361 These financial slalemenls were approved by the board ol Iruslees and aulhorised for issue on 25 Sep 24, and are signed on behalf ol the board by: Mr M. Shgllon Trustee The note$ on p•ge$ 7 to 11 torni port of th￿ finan¢l•l $tstement$. Kollel Hakol Slatement of Cash Flows Period from 1 July 2022 to 30 November 2023 30 Nov 23 Cash flows from operating activities Net income 18,361 Adjustments lor.. Interest payable and similar charges Accrued expenses Cash generated from opeiations 21 1,680 20,062 Interest paid Net cash from operating aclivilies 1211 20,041 Not Incroaso In cash and cash equlvalonts Cash and cash equlvalents at boglnnlng of porfod Cash and cash equlvalents at ond ol ￿TIod 20,041 20,041 The note$ on p•ge$ 7 to 11 torni port of th￿ finan¢l•l $tstement$. Kollel Hakol Noles lo the Financial Slatements Period from 1 July 2022 to 30 November 2023 General information The charity is a public benefit entity and a registered charty in England and Wales and is unincorporated. The address ol the principal office is 65 Green Lane. London. NW4 2AG. Staternent of compliance These financial slalemenls have been prepared in compliance with FRS 102, The Financial Reporting Standard applicable in the UK and the Republic ol Ireland,, the Sialemenl ol Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Fleporting Standard applicable in Ihe UK and Flepublic ol Ireland IFRS 1021 (Charities SORP IFFIS 10211 and the Charities Acl 2011. Accountlng poll¢les 8asls of preparotlon The financial slalemenls have been Prepared on the hislorical cost basis, as modified by th8 revaluation of certain financial assets and liabilities and investment properties measured al lair value through income or expenditure. The financial statements are prepared in sterling, which is the functional currency ol the entity. Golng Concern There are no material uncertainties a￿ul the charit￿S ability lo continue. Judgements and key sources of esllmatlon uncertalnty Therg are no judgements and eslimales. Fund a¢countlng Unreslricled funds ar& availabl8 lor usè al the discretion of the Irusi8es lo lurth&r any ol th8 charitys purposès. Designated funds ar6 unrestricted funds earmarked by th6 trustees lor particular future project or commilmenl. Reslricled funds are subjected lo reslriclions on their expenditure declared by the donor or through the terms of an appeal, and fall into one ol two sub-classes= reslricled income funds or endowment funds. Kollel Hakol Noles lo the Financial Slatements (¢onbni￿d) Period from 1 July 2022 to 30 November 2023 Accounting policies (¢onllnu¢d) Incoming resources All incoming resources are included in the slalemenl of linancial activities when enlillemenl has passed lo the charity- il is probable Ihat the economic benefits associated with the transaction will flow lo the charity and the amount can be reliably measured. The lollowing specific policies are applied lo particular categoiies of income: income from donations or granls is recognised when there is evidence ol enlillement lo the gift, receipt is probable and ils amounl can be measured reliably. legacy income is recognised when receipt is probable and enlitlement is established. incorne Irom donated goods is measured at the fair value ol the goods unless this is impractical lo measure reliably, in which case the value is derived from the cost lo the donor or the eslimaled resale value. Donated facilities and services are recognised in the accounts when received il the value can be reliably rneasured. No amounts are included lor the contribution ol general volunteers. income from contracts lor the supply ol services is recognised with the delivery ol the contracted service. This is classified as unrestricted funds unless there is a ¢onlraclual requirement lor il lo be spent on a particular purpose and returned il unspent, in which case il may be regarded as f8Slricied. Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be lully recovered, and is classified under headings ot the statement ol financial activities lo which il relates= expenditure on raising funds includes the costs ol all lundiaising aclivrties, events, non- charitable trading activities. and the sale of donaled goods. expenditure on charitable aclwities includes all costs incurred by a charity in undertaking activities that further ils charitable aims lor the benefit ol ils beneficiaries, including those support costs and ¢osls ielaling lo the governance ol the Charity apportioned lo charitable activities. other expenditure includes all expenditure that is neither related lo raising funds for the charity nor part of its expenditure on charitable activities. All costs are allocated lo expenditure categories reflecting the use of the resource. Direct costs allributable lo a single activity are allocated directly lo that activity. Shared costs are apportioned between the activities they contribute lo on a reasonable, justifiable and consistent basis. Financial instruments A financial asset or a financial liability is recognised only when the charity becomes a party to the conlraclual provisions ol the inslrumenl. Basic financial instruments are initially recognised al Ihe amount receivable or payable including any relaled transaction costs. Kollel Hakol Noles lo the Financial Slatements (¢onbni￿d) Period from 1 July 2022 to 30 November 2023 Accounting policies (¢onllnu¢d) Financial instruments {ConUnu￿j Current assets and current liabilities are subsequently measured al the cash or other consideration expected lo be paid or received and not discounted. Debt instruments are subsequently measured al amortised cost. Where investments in shares are publicly traded or their lair value can olhetwise be measured reliably, the investment is subsequently measured al lair value with changes in fair value recognised in income and expendilure. Al other such inveslments are subsequently measured al cost less impairment. Other financial inslrumenls, including derivatives, are initially recognised al lair value, unless payment lor an asset is deferred beyond normal business terms or financed al a rate of interest that is not a market rate, in which case the asset is measured al the present value ol the futur8 payments discounted al a market rale ol interest lor a similar debt instrument. Other financial instruments are subsequently measured al lair value, wlh any changes recognised in the statement ol financial aclivilies, with the exceptson of hedging instruments in a designated hedging relationship. Financial assets that are measured al cost or amortised cost are reviewed lor objective evidence ol impairment al the end ol each reFW)rting dale. 11 there is objective evidence ol impairment, an impairment loss is recognised under the appropriate heading in the statement ol financial activities in which the initial gain was recognised. For all equity instruments regardless of significance, and other financial assets that are individually signilicanl, these are assessed individually lor impairment. Other financial assets are either assessed individually or grouped on the basis ol similar credit risk characteristics. Any reversals ol impairment are recognised immedialely, lo the exlenl that the reversal does not result in a carrying amount ol the financial asset that exceeds what the carrwng amount would have been had the impairment not previously been recognised. Donations and legacies Unreslricled Total Funds Funds 2023 Donations Donations 693,801 693,801 Grants Grants receivable 64.645 64,645 758.446 758,446 Kollel Hakol Noles lo the Financial Slatements (¢onbni￿d) Period from 1 July 2022 to 30 November 2023 Expenditure on charitable activities by fund type Unreslricled Total Funds Funds 2023 Charitable activitses Support costs 728.704 11.381 728,704 11,381 740.085 740,085 Expendlture on charltsble actlvltles by actlvlty type Activities undertaken directly Support costs Total funds 2023 Charitable activities Governance costs 728,704 728,704 11,381 11,381 728,704 11,381 740,085 Independent oxamlnatlon fees Perlod from 1Ju122to 30 Nov 23 Fees payable lo the independent examiner for: Independent examination ol the financial slalements 1,680 Staff ¢osl$ The average head count of employees during the was Nil. No employee received employee benefits of more than £60,000 during the year12022.. Nill. Trustee remuneratlon and expenses There were no Iruslees, remuneration or other benelrts during the year ended 30 November 2023. There were no Iruslees, expenses paid foi during the year ended 30 November 2023. 10. Creditors: amounts falling due within one year 30 Nov 23 Accruals and deferr￿j income 1,680 Kollel Hakol Noles lo the Financial Slatements (¢onbni￿d) Period from 1 July 2022 to 30 November 2023 11. Analysis of charitable funds Unrestricted funds At 30 November 2023 At 1 July 2022 Income Expenditure General funds 758.446 {740,0851 18,361 12. Analysls of net assets between funds Unrestricted Total Funds Funds 2023 Current assets Creditors less than 1 year Net assets 20,041 11,6801 18,361 20,041 11,6801 18,361 13. Analyslg of changes Sn net debt At Ai 1 Jul 2022 Cash flows 30 Nov 2023 Cash at bank and in hand 20,041 20,041