CHARITY REGISTRATION NUMBER: 1201288
Kollel Hakol
Unaudited Financial Statements 30 November 2024
BRINDLEY GOLDSTEIN LIMITED
Chartered accountants 103 High street Waltham Cross EN8 7AN
Kollel Hakol
Financial Statements
Year ended 30 November 2024
| Page | |
|---|---|
| Trustees' annual report | 1 |
| Independent examiner's report to the trustees | 3 |
| Statement of financial activities | 4 |
| Statement of financial position | 5 |
| Statement of cash flows | 6 |
| Notes to the financial statements | 7 |
Kollel Hakol
Trustees' Annual Report
Year ended 30 November 2024
The trustees present their report and the unaudited financial statements of the charity for the year ended 30 November 2024.
Reference and administrative details
| Registered charity name | Kollel Hakol |
|---|---|
| Charity registration number | 1201288 |
| Principal office | 65 Green Lane |
| London | |
| NW4 2AG | |
| The trustees | |
| Mr M. Shelton | |
| Mr M. Koenig | |
| Mr M. Cutler | |
| Independent examiner | Charles Goldstein FCA |
| 103 High street | |
| Waltham Cross | |
| EN8 7AN |
Structure, governance and management
The Charity is controlled by its governing document, a Trust Deed dated 22 June 2022 and constitutes an unincorporated charity.
The trustees administer the day-today affairs of the Charity. None of the Trustees have any beneficial interest in the Charity.
Objectives and activities
The charity's objectives are;
-
the advancement of the orthodox Jewish religion for the benefit of the public, in particular but not exclusively by the provision and maintenance of a Kollel which will promote advanced Talmudic study and Jewish law.
-
assisting those in poverty or financial hardship by providing grants, items and services.
-
providing filtered internet services for people who for reasons of religious observance choose not to have internet in their homes so that they may be able to engage with the wider society and modern technology.
-
to advance such charitable purposes, (according to the law of England and Wales) as the trustees see fit from time to time.
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Kollel Hakol
Trustees' Annual Report (continued)
Year ended 30 November 2024
Achievements and performance
During the period under review, the charity received donations and grants amounting to £657,961 and had a deficit of expenditure over income of £11,636.
Financial review
The financial results of the Charity's activities for the period are reflected in these financial statements, together with the notes thereon.
The trustees are satisfied with the results for the period.
The trustees' annual report was approved on 17 September 2025 and signed on behalf of the board of trustees by:
Mr M. Shelton Trustee
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Kollel Hakol
Independent Examiner's Report to the Trustees of Kollel Hakol
Year ended 30 November 2024
I report to the trustees on my examination of the financial statements of Kollel Hakol ('the charity') for the year ended 30 November 2024.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales (ICAEW), which is one of the listed bodies.
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 charity as required by section 130 of the Act; or
-
the financial statements do not accord with those records; or
-
the financial statements 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.
Charles Goldstein FCA Independent Examiner
103 High street Waltham Cross EN8 7AN
17 September 2025
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Kollel Hakol
Statement of Financial Activities
Year ended 30 November 2024
| Period from | ||||
|---|---|---|---|---|
| 1 Jul 22 to | ||||
| Year to 30 Nov 24 | 30 Nov 23 | |||
| Unrestricted | ||||
| funds | Total funds | Total funds | ||
| Note | £ | £ | £ | |
| Income and endowments | ||||
| Donations and legacies | 4 | 657,911 | 657,911 | 758,446 |
| Other income | 5 | 50 | 50 | – |
| -------------------------------- | -------------------------------- | -------------------------------- | ||
| Total income | 657,961 | 657,961 | 758,446 | |
| ================================ | ================================ | ================================ | ||
| Expenditure | ||||
| Expenditure on raising funds: | ||||
| Fundraising costs | 6 | 35,015 | 35,015 | 960 |
| Expenditure on charitable activities | 7,8 | 634,581 | 634,581 | 739,125 |
| -------------------------------- | -------------------------------- | -------------------------------- | ||
| Total expenditure | 669,596 | 669,596 | 740,085 | |
| ================================ | ================================ | ================================ | ||
| -------------------------------- | -------------------------------- | -------------------------------- | ||
| Net (expenditure)/income and net movement in funds | (11,635) | (11,635) | 18,361 | |
| ================================ | ================================ | ================================ | ||
| Reconciliation of funds | ||||
| Total funds brought forward | 18,361 | 18,361 | – | |
| -------------------------------- | -------------------------------- | -------------------------------- | ||
| Total funds carried forward | 6,726 | 6,726 | 18,361 | |
| ================================ | ================================ | ================================ |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 7 to 12 form part of these financial statements.
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Kollel Hakol
Statement of Financial Position
30 November 2024
| 2024 | 2023 | ||
|---|---|---|---|
| Note | £ | £ | |
| Current assets | |||
| Cash at bank and in hand | 8,406 | 20,041 | |
| Creditors: amounts falling due within one year | 12 | 1,680 | 1,680 |
| ----------------------- | ---------------------------- | ||
| Net current assets | 6,726 | 18,361 | |
| ----------------------- | ---------------------------- | ||
| Total assets less current liabilities | 6,726 | 18,361 | |
| ----------------------- | ---------------------------- | ||
| Net assets | 6,726 | 18,361 | |
| ======================= | ============================ | ||
| Funds of the charity | |||
| Unrestricted funds | 6,726 | 18,361 | |
| ----------------------- | ---------------------------- | ||
| Total charity funds | 13 | 6,726 ======================= |
18,361 ============================ |
These financial statements were approved by the board of trustees and authorised for issue on 17 September 2025, and are signed on behalf of the board by:
Mr M. Shelton Trustee
The notes on pages 7 to 12 form part of these financial statements.
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Kollel Hakol
Statement of Cash Flows
Year ended 30 November 2024
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Cash flows from operating activities | ||
| Net (expenditure)/income | (11,635) | 18,361 |
| Adjustments for: | ||
| Interest payable and similar charges | 14 | 21 |
| Accrued expenses | – | 1,680 |
| ---------------------------- | ---------------------------- | |
| Cash generated from operations | (11,621) | 20,062 |
| Interest paid | (14) | (21) |
| ---------------------------- | ---------------------------- | |
| Net cash (used in)/from operating activities | (11,635) | 20,041 |
| ============================ | ============================ | |
| Net (decrease)/increase in cash and cash equivalents | (11,635) | 20,041 |
| Cash and cash equivalents at beginning of year | 20,041 | – |
| ---------------------------- | ---------------------------- | |
| Cash and cash equivalents at end of year | 8,406 | 20,041 |
| ============================ | ============================ |
The notes on pages 7 to 12 form part of these financial statements.
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Kollel Hakol
Notes to the Financial Statements
Year ended 30 November 2024
1. General information
The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is 65 Green Lane, London, NW4 2AG.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Charities Act 2011.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Judgements and key sources of estimation uncertainty
There are no judgements and estimates.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
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Kollel Hakol
Notes to the Financial Statements (continued)
Year ended 30 November 2024
3. Accounting policies (continued)
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
-
income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
-
legacy income is recognised when receipt is probable and entitlement is established.
-
income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
-
income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
-
expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods.
-
expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
-
other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to 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 contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.
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Kollel Hakol
Notes to the Financial Statements (continued)
Year ended 30 November 2024
3. Accounting policies (continued)
Financial instruments (continued)
Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment.
Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.
For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Donations and legacies
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2024 | Funds | 2023 | |
| £ | £ | £ | £ | |
| Donations | ||||
| Donations | 657,911 | 657,911 | 693,801 | 693,801 |
| Grants | ||||
| Grants receivable | – | – | 64,645 | 64,645 |
| -------------------------------- | -------------------------------- | -------------------------------- | -------------------------------- | |
| 657,911 | 657,911 | 758,446 | 758,446 | |
| ================================ | ================================ | ================================ | ================================ |
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Kollel Hakol
Notes to the Financial Statements (continued)
Year ended 30 November 2024
5. Other income
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
|---|---|---|---|---|---|
| Funds | 2024 | Funds | 2023 | ||
| £ | £ | £ | £ | ||
| Other income | 50 | 50 | – | – | |
| ============== | ============== | ============== | ============== | ||
| 6. | Costs of raising donations and legacies | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2024 | Funds | 2023 | ||
| £ | £ | £ | £ | ||
| Fundraising costs | 35,015 | 35,015 | 960 | 960 | |
| ============================ | ============================ | ============== | ============== | ||
| 7. | Expenditure on charitable activities by fund type | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2024 | Funds | 2023 | ||
| £ | £ | £ | £ | ||
| Charitable activities | 630,831 | 630,831 | 727,745 | 727,745 | |
| Support costs | 3,750 | 3,750 | 11,380 | 11,380 | |
| -------------------------------- | -------------------------------- | -------------------------------- | -------------------------------- | ||
| 634,581 | 634,581 | 739,125 | 739,125 | ||
| ================================ | ================================ | ================================ | ================================ | ||
| 8. | Expenditure on charitable activities by activity type | ||||
| Activities | |||||
| undertaken | Support | Total funds | Total fund | ||
| directly | costs | 2024 | 2023 | ||
| £ | £ | £ | £ | ||
| Charitable activities | 630,831 | – | 630,831 | 727,745 | |
| Governance costs | – | 3,750 | 3,750 | 11,380 | |
| -------------------------------- | ----------------------- | -------------------------------- | -------------------------------- | ||
| 630,831 | 3,750 | 634,581 | 739,125 | ||
| ================================ | ======================= | ================================ | ================================ | ||
| 9. | Independent examination fees | ||||
| Period from | |||||
| Year to | 1 Jul 22 to | ||||
| 30 Nov 24 | 30 Nov 23 | ||||
| £ | £ | ||||
| Fees payable to the independent examiner for: | |||||
| Independent examination of the financial statements | 1,680 ======================= |
1,680 ======================= |
10. Staff costs
The average head count of employees during the year was Nil (2023: Nil).
No employee received employee benefits of more than £60,000 during the year (2023: Nil).
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Kollel Hakol
Notes to the Financial Statements (continued)
Year ended 30 November 2024
11. Trustee remuneration and expenses
There were no trustees' remuneration or other benefits during the year ended 30 November 2024.
There were no trustees' expenses paid for during the year ended 30 November 2024.
12. Creditors: amounts falling due within one year
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Accruals and deferred income | 1,680 | 1,680 |
| ======================= | ======================= |
13. Analysis of charitable funds
Unrestricted funds
| Unrestricted funds | ||||
|---|---|---|---|---|
| At | At | |||
| 1 | December | 30 Novembe | ||
| 2023 | Income | Expenditure | r 2024 | |
| £ | £ | £ | £ | |
| General funds | 18,361 | 657,961 | (669,596) | 6,726 |
| ============================ | ================================ | ================================ | ======================= | |
| At | ||||
| At | 30 November | |||
| 1 July 2022 | Income | Expenditure | 2023 | |
| £ | £ | £ | £ | |
| General funds | – | 758,446 | (740,085) | 18,361 |
| ============== | ================================ | ================================ | ============================ | |
| Analysis of net assets between funds | ||||
| Unrestricted | Total Funds | |||
| Funds | 2024 | |||
| £ | £ | |||
| Current assets | 8,406 | 8,406 | ||
| Creditors less than 1 year | (1,680) | (1,680) |
||
| ----------------------- | ----------------------- | |||
| Net assets | 6,726 | 6,726 | ||
| ======================= | ======================= | |||
| Unrestricted | Total Funds | |||
| Funds | 2023 | |||
| £ | £ | |||
| Current assets | 20,041 | 20,041 | ||
| Creditors less than 1 year | (1,680) | (1,680) |
||
| ---------------------------- | ---------------------------- | |||
| Net assets | 18,361 | 18,361 | ||
| ============================ | ============================ |
14. Analysis of net assets between funds
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Kollel Hakol
Notes to the Financial Statements (continued)
Year ended 30 November 2024
15. Analysis of changes in net debt
| At | At | |||
|---|---|---|---|---|
| 1 | Dec 2023 | Cash flows | 30 Nov 2024 | |
| £ | £ | £ | ||
| Cash at bank and in hand | 20,041 | (11,635) | 8,406 |
|
| ============================ | ============================ | ======================= |
16. Related parties
During the year the charity received donations of £71,740 from related charities and companies and provided grants of £22,330 to related charities.
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