THE RABBI MAIER BAAL HANESS KOLEL SIEBENBURGEN TRUST
Annual Report and Financial Statements
For year ended 31 March 2024
Charity Number
277625
Whiteside and Davies Chartered Certified Accountants 158 Cromwell Road Salford M6 6DE
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The Rabbi Maier Baal Haness Kolel Siebenburgen Trust Charity Commission Number 277625 Financial Statements For Year Ended 31 March 2024
Contents
| Charity Information Report of The Trustees Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes forming part of the financial statements |
Page |
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| 3 4 - 5 6 7 8 9 |
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The Rabbi Maier Baal Haness Kolel Siebenburgen Trust
Charity Commission Number 277625 Financial Statements For Year Ended 31 March 2024
Charity Information
Board of Trustees
M Landau A Schlesinger I Zoldan
Administration Address
26 Lewiston Place London N16 6RH
Charity Number
277625
Bankers
Barclays Bank Plc 155 Bishopsgate London EC2M 3XA
Accountants and Independent Examiners
Whiteside and Davies Accountants Chartered Certified Accountants 158 Cromwell Road Salford M6 6DE
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The Rabbi Maier Baal Haness Kolel Siebenburgen Trust Charity Commission Number 277625 Financial Statements
For Year Ended 31 March 2024
Report of the Trustees
Status and Administration
The Charity constituted by trust deed, dated 20 February 1979 is a registered charity.
Trustees
The Trustees in office throughout the year were Mr M Landau,A Schlesinger and I Zoldan
No trustee nor any person connected with them received any remuneration during the year.
Charitable Objects
The object of the charity is;
The relief of poverty by way of providing monetary grants amongst persons in need and hardship in particular but not exclusively those in the Orthodox Jewish community in Salford UK.
During the year the charity made use of its obtained funds and reserves, of which £48,936 (2023: £127,000) was utilised by making charitable grants and donations.
It is envisaged that similar progress will ensue in the following year.
Donations received
Donations received during the year amount to £102,273 (2023: £136,213).
Grants and Donations
None of this valuable work would be possible without the ongoing support of our funders who have faith in our organisation.
These funds have enabled us to provide the much needed support to the Institutions and beneficiaries.
The recipients of our services continuously express their appreciation and admiration to all members of the public that assist us in delivering vital services.
We are proud to state that the funds are being utilized to provide maximum benefit possible to as many beneficiaries as possible.
Reserves Policy
The trustees retain reserves as necessary and where appropriate, consolidate funds in order to make more substantial grants which they feel to be appropriate.
Public Benefit Disclosure
As stated in the charity's objectives, the charity acts in particular but not exclusively for those in the Orthodox Jewish community UK.
Governing Document
The charity's governing document is in the form of a trust deed. The revised trust deed was signed on 20th February 1979.
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The Rabbi Maier Baal Haness Kolel Siebenburgen Trust Charity Commission Number 277625 Financial Statements For Year Ended 31 March 2024
Report of the Trustees (continued)
Responsibilities of the Trustees
Charity Law 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 as at the Balance Sheet Date, and of its incoming resources, including income and expenditure for the financial year.
In preparing those financial statements, the Trustees should follow best practice and
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a. Select suitable accounting policies and apply them consistently.
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b. Make judgments and estimates that are reasonable and prudent.
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c. Follow applicable accounting standards and the Charities SORP, disclosing and explaining any departures in the financial statements.
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d. Prepare the financial statements on the going concern basis unless it is inappropriate to assume that the charity will continue in operation.
The Trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them as Trustees to ensure that the financial statements comply with the Charity Law.
The Trustees are also responsible for safeguarding the charity's assets and hence for taking reasonable steps for the prevention and detection of fraud and other regularities.
Approved by The Trustees on 28 June 2024
M Landau -Trustee
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The Rabbi Maier Baal Haness Kolel Siebenburgen Trust Charity Commission Number 277625 Financial Statements
For Year Ended 31 March 2024
Independent Examiner's Report to the Trustees
I report on the financial statements of The Rabbi Maier Baal Haness Kolel Siebenburgen Trust . for the year ended 31 March 2024.
Responibilities and basis of report
As the trustees of the company you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act2006("the Act 2006")
Having satisfied myself that the accounts of the charity are not required to be audited
under part 16 of the 2006 Act and are eligible for independent examination.I report in respect of my examination of the charity's accounts as carried out under section 145 of the Charities Act 2011 ("the 2011 act") In carrying out my examination I have followed the Directions given by the Charity Commission inder section 145(5)(b)of the 2011 Act.
It is my responsibility to:
Basis of Independent Examiner's Report
I have completed my examination I confirm that no matters have come to my attention in connection with the examination giving me cause to believe;
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1 accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
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2 the financial statements do not accord with those records; or
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the financial statements do not comply with the accounting requirements of section 386 of the 2006 Act other than any other requirement that the accounts give ' a true and fair' view which is not a matter considered as part of an independent examination; or
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4 the financial statements have not been prepared in accordance with methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK AND Republic of Ireland(FRS102).
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.
David Pollak Whiteside and Davies Chartered Certified Accountants 158 Cromwell Road Saford M6 6DE
Date: 28 June 2024
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The Rabbi Maier Baal Haness Kolel Siebenburgen Trust Charity Commission Number 277625 Financial Statements For Year Ended 31 March 2024
Statement of Financial Activities
| Incoming Resources Donations Received Grants Received Less: Charitable expenditure Cost of Activities In Furtherance of the Charity's Objects Raising funds Grants made Support costs Accumulated Funds Net surplus / (deficit) for the year Balance brought forward Balance carried forward |
Notes 4 |
Unrestricted funds £ 103,248 103,248 71,580 47,866 900 120,346 (17,098) 2,916 (14,182) |
2024 Total £ 103,248 103,248 71,580 47,866 900 120,346 (17,098) 2,916 (14,182) |
2023 Total £ 136,213 136,213 23,103 127,000 1,770 151,873 (15,660) 18,576 2,916 |
2023 | |
|---|---|---|---|---|---|---|
| Total |
The notes on page 9 form part of these accounts.
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The Rabbi Maier Baal Haness Kolel Siebenburgen Trust Charity Commission Number 277625 Financial Statements
For Year Ended 31 March 2024
Balance Sheet At 31 March 2024
| Current Assets Debtors Cash at Bank Current Liabilities Accruals Net Assets Accumulated Funds Unrestricted |
2024 £ 30,239 30,239 (44,421) (14,182) (14,182) (14,182) |
2023 £ - 12,319 12,319 (9,403) 2,916 2,916 2,916 |
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Approved by the Trustees on 28 June 2024 and signed on behalf of them all.
M Landau- Trustee
The notes on page 9 form part of these accounts.
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The Rabbi Maier Baal Haness Kolel Siebenburgen Trust Charity Commission Number 277625 Financial Statements
For Year Ended 31 March 2024
Notes To The Accounts
1) Principal Accounting Policies Basis of Accounting
The Accounts have been prepared under the historical cost convention in accordance with the Charities Act (Accounts and Reports) 2011, and the Financial Reporting Standard for Smaller Entities (Effective April 2008), and follow the recommendations in Accounting and Reporting by Charities: Statement of Recommended Practice (Issued March 2005).
Cash Flow
The accounts do not include a cash flow statement because the charity as a small reporting entity is exempt from the requirement to prepare such a statement.
Donations and Fund Accounting
Rental Income received for the general and main purposes of the Charity is included as unrestricted funds in the Statement of Financial Activities when receivable.
Donations and Grants for activities restricted by the donors are taken to restricted funds if the wishes and conditions of the donor are legally binding on the Trustees.
Resources Expended
Resources expended are accounted for on an accruals basis. Certain expenditure is apportioned to cost categories based on estimated amount attributable to that activity in the year. These estimates are based on the time and level of activity as appropriate.
Management and administration costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.
The irrecoverable element of VAT is included with the item of expense to which it relates. Depreciation Depreciation on tangible assets is calculated at 15% reducing balance Support costs
Support costs have been allocated between governance costs and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice.
2) Taxation
The Charitable Company is exempt from taxation on its charitable activities.
3) Turnover
The total turnover of the company for the year has been derived from its principal activity wholly undertaken in the UK.
| 4) Charitable Activities Costs grant making support |
grant funding of activities 47,866 47,866 |
grant funding of activities 47,866 47,866 |
support costs 900 900 |
totals 48,766 48,766 |
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The Rabbi Maier Baal Haness Kolel Siebenburgen Trust Charity Commission Number 277625 Financial Statements
For Year Ended 31 March 2024
| 5) GRANTS PAYABLE grant making |
2024 47,866 |
2023 127,000 |
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the total grants paid to institutions during the year was as follows:
| Advancement of Education 2024 47,866 6) SUPPORT COSTS other governance costs support 900 support costs, included in the above ,are as follows Governance costs 2024 independent examiners fee 420 independent examiner other fees 480 legal and professional fees - 900 |
2023 127,000 2024 total 900 2023 420 480 624 1,524 |
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7) TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.
Trustees' expenses
There were no trustees' expenses for the year ended 31 March 2024 nor for the year ended 31 March 2023.
8) CREDITORS; amounts due within one year
| Taxation and social security Other creditors |
2024 1,419 43,002 44,421 |
2023 -2217 7668 5451 |
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