**REGISTERED CHARITY NUMBER: 277625** ## **THE RABBI MAIER BAAL HANESS KOLEL SEIBENBURGEN TRUST** ## **REPORT OF THE TRUSTEES AND** ## **FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 31 MARCH 2021** Sugarwhite Meyer Accountants Ltd First Floor 94 Stamford Hill London N16 6XS **THE RABBI MAIER BAAL HANESS KOLEL SEIBENBURGEN TRUST** ## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021** ||**Page**|| |---|---|---| |**Reference and Administrative Details**|1|| |**Report of the Trustees**|2 to|3| |**Independent Examiner's Report**|4|| |**Statement of Financial Activities**|5|| |**Balance Sheet**|6|| |**Notes to the Financial Statements**|7 to|8| ## **THE RABBI MAIER BAAL HANESS KOLEL SEIBENBURGEN TRUST** ## **REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 MARCH 2021** |**TRUSTEES**|M Landau| |---|---| ||A Schlesinger| ||I Zoldan| |**PRINCIPAL ADDRESS**|26 Lewiston Place| ||London| ||N16 6RH| |**REGISTERED CHARITY**|277625| |**NUMBER**|| |**INDEPENDENT EXAMINER**|Sugarwhite Meyer Accountants Ltd| ||First Floor| ||94 Stamford Hill| ||London| ||N16 6XS| |**BANKERS**|Barclays Bank Plc| ||155 Bishopsgate| ||London| ||EC2M 3XA| Page 1 ## **THE RABBI MAIER BAAL HANESS KOLEL SEIBENBURGEN TRUST** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021** The trustees present their report with the financial statements of the charity for the year ended 31 March 2021. 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). ## **REFERENCE AND ADMINISTRATIVE INFORMATION** Reference and administrative information is shown on page 1 of the financial statements and forms part of this report. ## **OBJECTIVES AND ACTIVITIES** ## **Objectives for public benefit** The objects of the charity are for the benefit of such charities or such charitable purposes in any part of the world as the trustees may determine. The trustees confirm to have given due regard to the Charity Commission's general guidance on public benefit. ## **Activities and achievements** The trustees are satisfied with the results for the year. Income was similar to the previous year although the trustees increased grantmaking. There was a deficit for the year being funded by the receipt of a loan. ## **FINANCIAL REVIEW** ## **Reserves policy** The trustees do not seek to maintain reserves, other than to ensure that they can continue the activities of the charity. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Constitution** The trust was established by Declaration of Trust dated 20th February 1979. ## **Organisational structure** The charity is managed by the trustees. The power to appoint new trustees is vested in the continuing board. ## **Risk review** The trustees have confirmed that there are no major risks to which the charity is exposed. ## **STATEMENT OF TRUSTEES' RESPONSIBILITIES** The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to - select suitable accounting policies and then apply them consistently; - observe the methods and principles in the Charity SORP; - make judgements and estimates that are reasonable and prudent; - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Page 2 ## **THE RABBI MAIER BAAL HANESS KOLEL SEIBENBURGEN TRUST** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021** Approved by order of the board of trustees on 7 April 2022 and signed on its behalf by: I Zoldan - Trustee Page 3 ## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE RABBI MAIER BAAL HANESS KOLEL SEIBENBURGEN TRUST** ## **Independent examiner's report to the trustees of The Rabbi Maier Baal Haness Kolel Seibenburgen Trust** I report to the charity trustees on my examination of the accounts of The Rabbi Maier Baal Haness Kolel Seibenburgen Trust (the Trust) for the year ended 31 March 2021. ## **Responsibilities and basis of report** As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act'). I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. ## **Independent examiner's statement** 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: 1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or 2. the accounts do not accord with those records; or 3. the accounts 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. M Rothfeld Sugarwhite Meyer Accountants Ltd First Floor 94 Stamford Hill London N16 6XS 7 April 2022 Page 4 ## **THE RABBI MAIER BAAL HANESS KOLEL SEIBENBURGEN TRUST** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021** |**2021**
**Unrestricted**
**fund**
**Notes**
**£**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
91,806
**EXPENDITURE ON**
Raising funds
6,448
**Charitable activities**
2
Charitable Activities
109,507
**Total**
115,955
**NET INCOME/(EXPENDITURE)**
(24,149)
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
1,504
**TOTAL FUNDS CARRIED FORWARD**
(22,645)|**2020**
**Total**
**funds**
**£**
90,732
4,367
103,231
107,598
(16,866)
18,370
1,504| |---|---| The notes form part of these financial statements Page 5 ## **THE RABBI MAIER BAAL HANESS KOLEL SEIBENBURGEN TRUST** ## **BALANCE SHEET 31 MARCH 2021** |**Notes**
**CURRENT ASSETS**
Cash at bank
**CREDITORS**
Amounts falling due within one year
6
**NET CURRENT ASSETS/(LIABILITIES)**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**NET ASSETS**
**FUNDS**
Unrestricted funds
**TOTAL FUNDS**|**2021**
**Total**
**funds**
**£**
8,075
(30,720)
(22,645)
(22,645)
(22,645)
(22,645)
(22,645)|**2020**
**Total**
**funds**
**£**
2,224
(720)
1,504
1,504
1,504
1,504
1,504| |---|---|---| The financial statements were approved by the Board of Trustees and authorised for issue on 7 April 2022 and were signed on its behalf by: I Zoldan - Trustee The notes form part of these financial statements Page 6 ## **THE RABBI MAIER BAAL HANESS KOLEL SEIBENBURGEN TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021** ## **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 in the year in which they are incurred and includes irrecoverable VAT. Support costs are those incurred to assist the work of the charity but are not direct charitable activities. Governance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements. ## **Taxation** The charity is exempt from tax on its charitable activities. ## **Going concern** There are no material uncertainties about the charity's ability to continue. ## **2. CHARITABLE ACTIVITIES COSTS** |**Grant**
**funding of**
**activities**
**(see note**
**3)**
**£**
Charitable Activities
108,328
**3.**
**GRANTS PAYABLE**
Charitable Activities
The total grants paid to institutions during the year was as follows:
Advancement of education
Relief of poverty
Social welfare|**Support**
**costs (see**
**note 4)**
**£**
1,179
**2021**
**£**
108,328
**2021**
**£**
108,328
-
-
108,328|**Totals**
**£**
109,507| |---|---|---| |||**2020**
**£**
102,100| |||**2020**
**£**
92,900
8,000
1,200| |||102,100| All grants were made to Kollel Seibenburgen Israel. Page 7 ## **THE RABBI MAIER BAAL HANESS KOLEL SEIBENBURGEN TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021** ## **4. SUPPORT COSTS** |**SUPPORT COSTS**||| |---|---|---| |Charitable Activities
Support costs, included in the above, are as follows:|**Governance**
**Other**
**costs**
**Totals**
**£**
**£**
**£**
165
1,014
1,179|| |||| ## **Governance costs** |**Governance costs**||| |---|---|---| ||**2021**|**2020**| ||**Charitable**|**Total**| ||**Activities**|**activities**| ||**£**|**£**| |Independent examiner's other fees|360|360| |Independent examiner's other fees|360|360| |Legal and professional fees|294|228| ||1,014|948| ## **5. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 March 2021 nor for the year ended 31 March 2020. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31 March 2021 nor for the year ended 31 March 2020. ## **6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** ||**2021**|**2020**| |---|---|---| ||**£**|**£**| |Other creditors|30,720|720| ## **7. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 31 March 2021. Page 8