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 2022
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 2022
| Page | ||
|---|---|---|
| Reference and Administrative Details | 1 | |
| Report of the Trustees | 2 | |
| Independent Examiner's Report | 3 | |
| Statement of Financial Activities | 4 | |
| Balance Sheet | 5 | |
| Notes to the Financial Statements | 6 to | 7 |
THE RABBI MAIER BAAL HANESS KOLEL SEIBENBURGEN TRUST
REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 MARCH 2022
| 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 2022
The trustees present their report with the financial statements of the charity for the year ended 31 March 2022. 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 pleased with the results for the year. There was an increase income but the trustees reduced grantmaking to leave a surplus for the year.
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.
Approved by order of the board of trustees on 9 March 2023 and signed on its behalf by:
I Zoldan - Trustee
Page 2
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 2022.
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:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
-
the accounts do not accord with those records; or
-
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
9 March 2023
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THE RABBI MAIER BAAL HANESS KOLEL SEIBENBURGEN TRUST
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022
| 2022 | 2021 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| INCOME AND ENDOWMENTS FROM | |||
| Donations and legacies | 107,905 | 91,806 | |
| EXPENDITURE ON | |||
| Raising funds | 15,080 | 6,448 | |
| Charitable activities | 2 | ||
| Grantmaking | 50,000 | 108,328 | |
| Support | 1,604 | 1,179 | |
| Total | 66,684 | 115,955 | |
| NET INCOME/(EXPENDITURE) | 41,221 | (24,149) | |
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | (22,645) | 1,504 | |
| TOTAL FUNDS CARRIED FORWARD | 18,576 | (22,645) |
The notes form part of these financial statements
Page 4
THE RABBI MAIER BAAL HANESS KOLEL SEIBENBURGEN TRUST
BALANCE SHEET 31 MARCH 2022
| 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/(LIABILITIES) FUNDS Unrestricted funds TOTAL FUNDS |
2022 Total funds £ 27,063 (8,487) 18,576 18,576 18,576 18,576 18,576 |
2021 Total funds £ 8,075 (30,720) (22,645) (22,645) (22,645) (22,645) (22,645) |
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 9 March 2023 and were signed on its behalf by:
I Zoldan - Trustee
The notes form part of these financial statements
Page 5
THE RABBI MAIER BAAL HANESS KOLEL SEIBENBURGEN TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
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) £ Grantmaking 50,000 Support - 50,000 3. GRANTS PAYABLE Grantmaking The total grants paid to institutions during the year was as follows: Advancement of education |
Support costs (see note 4) £ - 1,604 1,604 2022 £ 50,000 2022 £ 50,000 |
Totals £ 50,000 1,604 51,604 2021 £ 108,328 |
Totals £ 50,000 1,604 |
|---|---|---|---|
| 51,604 | |||
| 2021 £ 108,328 |
All grants were made to Kollel Seibenburgen Israel.
Page 6
THE RABBI MAIER BAAL HANESS KOLEL SEIBENBURGEN TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022
4. SUPPORT COSTS
| SUPPORT COSTS | ||
|---|---|---|
| Support Support costs, included in the above, are as follows: |
Governance Other costs Totals £ £ £ 482 1,122 1,604 |
|
Governance costs
| Governance costs | ||
|---|---|---|
| 2022 | 2021 | |
| Total | ||
| Support | activities | |
| £ | £ | |
| Independent examiner's fee | 384 | 360 |
| Independent examiner's other fees | 384 | 360 |
| Legal and professional fees | 354 | 294 |
| 1,122 | 1,014 |
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2022 nor for the year ended 31 March 2021.
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
|---|---|---|
| Taxation and social security Other creditors |
2022 £ 999 7,488 8,487 |
2021 £ - 30,720 |
| 30,720 |
7. RELATED PARTY DISCLOSURES
The wife of a trustee received wages of £4,633 for fundraising and secretarial work.
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