REGISTERED CHARITY NUMBER: 1202651
Report of the Trustees and Unaudited Financial Statements for the Year Ended 5 April 2024
for UK FRIENDS OF K.A.H
Melinek Fine LLP Chartered Accountants First Floor, Winston House 349 Regents Park Road London N3 1DH
UK FRIENDS OF K.A.H
Contents of the Financial Statements FOR THE YEAR ENDED 5 APRIL 2024
| Page | |
|---|---|
| Report of the Trustees | 1 to 2 |
| Statement of Financial Activities | 3 |
| Balance Sheet | 4 |
| Notes to the Financial Statements | 5 to 6 |
UK FRIENDS OF K.A.H
Report of the Trustees FOR THE YEAR ENDED 5 APRIL 2024
The trustees present their report with the financial statements of the charity for the year ended 5 April 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).
UK Friends of K.A.H is a UK registered charity that raises donations in the UK to support the charitable work of Kollel Antwerp Hachodosh in Belgium.
OBJECTIVES AND ACTIVITIES
Objectives and aims
The charity was set up for the benefit of the public for the provision of support, financial and otherwise to advance the Orthodox Jewish faith by supporting the institute for advanced Talmudical studies known as Koilel Antwerp Hachodosh in Belgium and its students.
Public benefit
The Trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the Trust's aims and objectives and in planning future activities and setting the grantmaking policy.
Volunteers
There were no volunteers during the year.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
In furtherance of the objects as stated above, the trustees have accepted donations and have paid out donations to the Kollel and other charitable institutions as shown in the attached statement of financial activities.
Internal and external factors
There are no specific factors to report.
FINANCIAL REVIEW
Principal funding sources
The principal funding sources are donations from individuals.
Reserves policy
During the year the charity received donations totalling £22,814 and paid out grants to the Kollel in Antwerp totalling £19,736. The net deficit for the year was £1,032.
The trustees do not maintain a reserve policy as resources are used as available.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
The charity was incorporated by Trust Deed dated 06 April 2023 and registered with the Charity Commissioners having a charity number 1202651
The statutory power of appointing new trustees is vested in the continuing trustees. New trustees, when appointed, will be given the appropriate training to enable them to fulfil their duty properly. If necessary guidance will be sought from the Charity Commissioners.
Risk management
The trustees have assessed the major risks to which the charity is exposed and are satisfied that systems are in place to mitigate exposure to major risks.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1202651
Page 1
UK FRIENDS OF K.A.H
FOR THE YEAR ENDED 5 APRIL 2024
Report of the Trustees
Principal address
27 Woodville Road London NW11 9TP
Trustees
A Wajnsztok A Z Kantor J Finiasz
Approved by order of the board of trustees on 20 September 2024 and signed on its behalf by:
A Wajnsztok - Trustee
Page 2
UK FRIENDS OF K.A.H
Statement of Financial Activities
FOR THE YEAR ENDED 5 APRIL 2024
| 2024 Unrestricted funds £ INCOME AND ENDOWMENTS FROM Donations and legacies 22,814 EXPENDITURE ON Charitable activities Grants made to Koilel Antwerp Hachodosh 19,736 Other charitable activities 4,110 Total 23,846 NET INCOME/(EXPENDITURE) (1,032) RECONCILIATION OF FUNDS Total funds brought forward - TOTAL FUNDS CARRIED FORWARD (1,032) |
2023 Total funds £ - - - - - - - |
|---|---|
The notes form part of these financial statements
Page 3
UK FRIENDS OF K.A.H
Balance Sheet
5 APRIL 2024
| 2024 | 2023 | |||
|---|---|---|---|---|
| Unrestricted | Total | |||
| funds | funds | |||
| Notes | £ | £ | ||
| CURRENT ASSETS | ||||
| Cash at bank | 48 | - | ||
| CREDITORS | ||||
| Amounts falling due within one year | 3 | (1,080) | - | |
| NET CURRENT ASSETS/(LIABILITIES) | (1,032) | - | ||
| TOTAL ASSETS LESS CURRENT LIABILITIES | (1,032) | - | ||
| NET ASSETS | (1,032) | - | ||
| FUNDS | 4 | |||
| Unrestricted funds | (1,032) | - | ||
| TOTAL FUNDS | (1,032) | - |
The financial statements were approved by the Board of Trustees and authorised for issue on 20 September 2024 and were signed on its behalf by:
A Wajnsztok - Trustee
The notes form part of these financial statements
Page 4
UK FRIENDS OF K.A.H
Notes to the Financial Statements
FOR THE YEAR ENDED 5 APRIL 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.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
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 5 April 2024 nor for the year ended 5 April 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 5 April 2024 nor for the year ended 5 April 2023.
continued...
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UK FRIENDS OF K.A.H
Notes to the Financial Statements - continued FOR THE YEAR ENDED 5 APRIL 2024
3. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Other creditors | 2024 £ 1,080 |
2023 £ - |
|---|---|---|
4. MOVEMENT IN FUNDS
| MOVEMENT IN FUNDS | ||||
|---|---|---|---|---|
| Net | ||||
| movement | At | |||
| At 6.4.23 | in funds | 5.4.24 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | - | (1,032) | (1,032) | |
| TOTAL FUNDS | - | (1,032) | (1,032) | |
| Net movement in funds, included in the above are as follows: | ||||
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 22,814 | (23,846) | (1,032) | |
| TOTAL FUNDS | 22,814 | (23,846) | (1,032) |
5. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 5 April 2024.
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