**CHARITY REGISTRATION NUMBER: 278872** 

## **ESTE KALMS CHARITABLE TRUST Unaudited Financial Statements 30 November 2022** 

## **GK & CO. LLP** 

Chartered accountants Hallswelle House 1 Hallswelle Road 

London England NW11 0DH 



## **ESTE KALMS CHARITABLE TRUST** 

## **Financial Statements** 

## **Year ended 30 November 2022** 

||**Page**|
|---|---|
|Trustee's annual report|**1**|
|Chartered accountant's report to ESTE KALMS CHARITABLE||
|TRUST on the unaudited financial information|**3**|
|Statement of financial activities|**4**|
|Statement of financial position|**5**|
|Notes to the financial statements|**6**|





## **ESTE KALMS CHARITABLE TRUST** 

## **Trustee's Annual Report** 

## **Year ended 30 November 2022** 

The trustee presents her report and the unaudited financial statements of the charity for the year ended 30 November 2022. 

## **Reference and administrative details** 

**Registered charity name** ESTE KALMS CHARITABLE TRUST 

**Charity registration number** 278872 **Principal office** Flat 2 Erskine House Homesfield London NW11 6HN 

## **The trustee** 

Mrs E Kalms 

## **Accountants** 

GK & Co. LLP Chartered accountants Hallswelle House 1 Hallswelle Road London England NW11 0DH 

## **Structure, governance and management** 

Structure, governance and management 

The ESTE KALMS CHARITABLE TRUST is registered as a charity with the Charity Commission and was established on 26th October 1979. 

Appointment of Trustees 

The charity is managed by trustees who are responsible for setting the strategic direction of the organisation and for establishing policy. 

## **Objectives and activities** 

The principal objectives of the charity throughout the year has been 

- 1) The advancement of the orthodox jewish faith 

2) The advancement of orthodox jewish religious education. 

- 3) The relief of poverty sickness and infirmity amongst members of the jewish faith and 4) such other purposes as are charitable according to English Law. 

In the year to 30 November 2022, no grants were made to charitable institutions as all of the charitable activities of the Charity for the year were made through charitable expenditure in the form of donations. 

**1** 



## **ESTE KALMS CHARITABLE TRUST** 

**Trustee's Annual Report** _**(continued)**_ 

## **Year ended 30 November 2022** 

## **Achievements and performance** 

The charity is organised so that the Trustees meet regularly to manage its affairs. 

There are no paid employees and all administration work is carried out on a voluntary basis by the Trustees. 

## **Financial review** 

During the year, the charity's funds have been applied in furtherance of its objectives and the day to day running of the charity. 

In the year to 30 November 2022, incoming resources amounted to £115,300 and resources expended amounted to £78,238. 

At 30 November 2022, the charity had a total unrestricted fund balance of £37,062. 

There have been no changes in the accounting policies of the charity during the year. 

## Reserve Policy 

The trustees have reviewed the charity's needs for reserves in line with the guidance issued by the Charity Commission and have concluded that the general reserves are sufficient to maintain the day to day running of the charity and to achieving its objectives. 

## Public Benefit 

The trustees have considered the guidance published by the Charity Commission and believe that the charity in carrying out its objectives, fully complies with these requirements. In particular the provision of funding for education in accordance with the principles of traditional Judaism and the support of associated communal charitable institutions such as synagogues and homes for the elderly and infirm automatically gives rise to a public benefit. 

Each year the trustees review the objectives and activities of the charity to ensure that they continue to reflect these aims. In carrying out this review the trustees have considered the Charity Commission's general guidance on on public benefit and in particular its supplementary public guidance on the advancement of religion for the public benefit. 

## **Plans for future periods** 

The trustees intend to continue performing at similar levels to current year which has been most satisfactory. 

The trustee's annual report was approved on 22 June 2023 and signed on behalf of the board of trustees by: 

Mrs E Kalms Trustee 

**2** 



## **ESTE KALMS CHARITABLE TRUST** 

# **Chartered Accountant's Report to ESTE KALMS CHARITABLE TRUST on the Unaudited Financial Information of ESTE KALMS CHARITABLE TRUST** 

## **Year ended 30 November 2022** 

As described on the statement of financial position, the trustee of the charity is responsible for the preparation of the financial statements for the year ended 30 November 2022, which comprise the statement of financial activities, statement of financial position and the related notes. 

You consider that the charity is exempt from an audit under the Charities Act 2011. 

In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us. 

GK & CO. LLP Chartered accountants 

Hallswelle House 1 Hallswelle Road London England NW11 0DH 

22 June 2023 

**3** 



## **ESTE KALMS CHARITABLE TRUST** 

## **Statement of Financial Activities** 

## **Year ended 30 November 2022** 

|||**2022**|**2022**|
|---|---|---|---|
|||Unrestricted||
|||funds|**Total funds**|
||**Note**|**£**|**£**|
|**Income and endowments**||||
|Donations and legacies|**4**|115,300|115,300|
|||ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|
|**Total income**||115,300|115,300|
|||৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|
|**Expenditure**||||
|Expenditure on charitable activities|**5,6**|78,238|78,238|
|||ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|
|**Total expenditure**||78,238|78,238|
|||৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|
|||ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|
|**Net income and net movement in funds**||37,062|37,062|
|||৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|
|**Reconciliation of funds**||||
|Total funds brought forward||–|–|
|||ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|
|**Total funds carried forward**||37,062|37,062|
|||৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|



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 6 to 9 form part of these financial statements.** 

**4** 



## **ESTE KALMS CHARITABLE TRUST** 

## **Statement of Financial Position** 

## **30 November 2022** 

|||**2022**|
|---|---|---|
||**Note**|**£**|
|**Current assets**|||
|Cash at bank and in hand||40,614|
|**Creditors: amounts falling due within one year**|**8**|3,552|
|||ৄৄৄৄৄৄৄৄ|
|**Net current assets**||37,062|
|||ৄৄৄৄৄৄৄৄ|
|**Total assets less current liabilities**||37,062|
|||ৄৄৄৄৄৄৄৄ|
|**Net assets**||37,062|
|||৶৶৶৶৶৶৶৶|
|**Funds of the charity**|||
|Unrestricted funds||37,062|
|||ৄৄৄৄৄৄৄৄ|
|**Total charity funds**|**9**|37,062|
|||৶৶৶৶৶৶৶৶|



These financial statements were approved by the board of trustees and authorised for issue on 22 June 2023, and are signed on behalf of the board by: 

Mrs E Kalms Trustee 

**The notes on pages 6 to 9 form part of these financial statements.** 

**5** 



**ESTE KALMS CHARITABLE TRUST** 

## **Notes to the Financial Statements** 

## **Year ended 30 November 2022** 

## **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 Flat 2, Erskine House, Homesfield, London, NW11 6HN, United Kingdom. 

## **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** 

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. 

## **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 trustee 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. 

**6** 



## **ESTE KALMS CHARITABLE TRUST** 

**Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 30 November 2022** 

**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, noncharitable 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. 

**7** 



**ESTE KALMS CHARITABLE TRUST** 

**Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 30 November 2022** 

## **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**|
|---|---|---|
||Funds|**2022**|
||£|**£**|
|**Donations**|||
|Donations|115,300|115,300|
||৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|



## **5. Expenditure on charitable activities by fund type** 

||Unrestricted|**Total Funds**|
|---|---|---|
||Funds|**2022**|
||£|**£**|
|Charitable donations and contributions|77,300|77,300|
|Support costs|938|938|
||ৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄ|
||78,238|78,238|
||৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶|



**8** 



## **ESTE KALMS CHARITABLE TRUST** 

**Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 30 November 2022** 

## **6. Expenditure on charitable activities by activity type** 

||Activities|||
|---|---|---|---|
||undertaken||**Total funds**|
||directly Support costs||**2022**|
||£|£|**£**|
|Charitable donations and contributions|77,300|98|77,398|
|Governance costs|–|840|840|
||ৄৄৄৄৄৄৄৄ|ৄৄৄৄ|ৄৄৄৄৄৄৄৄ|
||77,300|938|78,238|
||৶৶৶৶৶৶৶৶|৶৶৶৶|৶৶৶৶৶৶৶৶|



## **7. Trustee remuneration and expenses** 

No remuneration or other benefits from employment with the charity or a related entity were received by the trustees. 

## **8. Creditors: amounts falling due within one year** 

||**2022**|
|---|---|
||**£**|
|Accruals and deferred income|840|
|Other creditors|2,712|
||ৄৄৄৄৄৄৄ|
||3,552|
||৶৶৶৶৶৶৶|



## **9. Analysis of charitable funds** 

## **Unrestricted funds** 

|**Unrestricted funds**|||||
|---|---|---|---|---|
||At|||**At**|
|1|December 2||**30 November**||
||021|Income|Expenditure|**2022**|
||£|£|£|£|
|General funds|–|115,300|(78,238)|37,062|
||৶৶৶৶|৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶|
|**Analysis of net assets between funds**|||||
||||Unrestricted|**Total Funds**|
||||Funds|**2022**|
||||£|**£**|
|Current assets|||40,614|40,614|
|Creditors less than 1 year|||(840)|(840)|
|Creditors greater than 1 year|||(2,712)|(2,712)|
||||ৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄ|
|**Net assets**|||37,062|37,062|
||||৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶|



## **10. Analysis of net assets between funds** 

**9**