CHARITY REGISTRATION NUMBER: 278872
ESTE KALMS CHARITABLE TRUST Unaudited Financial Statements For the period ending 30 November 2024
ESTE KALMS CHARITABLE TRUST
Financial Statements
Year ended 30 November 2024
| CONTENTS | PAGE |
|---|---|
| Trustees' annual report | 1 |
| Independent examiner's report to the trustees | 3 |
| Statement of financial activities (including income | |
| and expenditure account) | 4 |
| Statement of financial position | 5 |
| Notes to the financial statements | 7 |
ESTE KALMS CHARITABLE TRUST Trustee's Annual Report Year ended 30 November 2024
The trustees present their report and the unaudited financial statements of the charity for the period ending 30 November 2024.
Reference and administrative details
Registered charity name Este Kalms Charitable Trust Charity registration number 278872 Principal office Flat 2 Erskine House London NW11 6HN The trustees Mrs E Kalms Independent examiner SJA Associates Ltd 3rd Floor 43 Upper Grosvenor Street London W1K 2NJ
Structure, governance and management
The Este Kalms Charitable Trust is registered as a charity with the Charity Commission and was established on 11th July 2023. 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. 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 public benefit and in particular its supplementary public guidance on the advancement of religion for the public benefit.
The appointment and recruitment of new Trustees is as laid out in the Governing Document. New Trustees would be trained as deemed appropriate.
The charity's Governing Document authorises the Trustees to make and hold investments.
Public Benefit
Each year the trusties review their objectives and activities to ensure that they continue to reflect the trustees aims. In carrying out their review the trusties have considered the Charity Commission's general guidance on public benefit and in particular its supplementary public benefit guidance with specific care to the advancement of the Orthodox Jewish Religion d ll f i f f h bli b fi
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ESTE KALMS CHARITABLE TRUST Trustee's Annual Report Year ended 30 November 2024
Objectives and activities
The principal objectives of the charity throughout the period has been:
1) The relief of financial hardship amongst persons of the Jewish faith who are in need and live in the United Kingdom and Israel.
2) The advancement of the Orthodox Jewish faith
3) The advancement of Orthodox Jewish religious education
4) The relief of poverty, sickness and infirmity amongst members of the Jewish faith and such other purposes as are charitable according to English Law.
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 period to 30 November 2024, incoming resources amounted to £52,050 and resources expended amounted to £53,939.
At 30 November 2024, the charity had a total unrestricted fund balance of £47,653 .
There have been no changes in the accounting policies of the charity during the year.
Plans for future periods
The trustees intend to continue performing at similar levels to the current period which has been most satisfactory.
The trustees' annual report was approved on 24 May 2025 and signed on behalf of the board of trustees by:
Mrs E Kalms Trustee
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Independent Examiner's Report to the Trustees of Este Kalms Charitable Trust Year ended 30 November 2024
ESTE KALMS CHARITABLE TRUST
We report to the trustees on my examination of the financial statements of Este Kalms Charitable Trust ('the charity') for the period ended 30 November 2024.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’).
We report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
We have completed our examination. We confirm that no material matters have come to our attention in connection with the examination giving us cause to believe that in any material respect:
-
accounting records were not kept in respect of the charity as required by section 130 of the Act; or
-
the financial statements do not accord with those records; or
-
the financial statements 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.
We 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.
SJA Associates Ltd
Independent Examiner 3rd Floor 43 Upper Grosvenor Street London W1K 2NJ
24 May 2025
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ESTE KALMS CHARITABLE TRUST Statement of Financial Activities Year ended 30 November 2024
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2024 2023
Unrestricted
Income and endowments Notes
funds Total funds
£
Donations and legacies 52,050 52,050 52,300
Total income 52,050 52,050 52,300
Expenditure
Expenditure on charitable activities 53,939 53,939 39,820
Total expenditure 53,939 53,939 39,820
Net income/(expenditure) (1,889) (1,889) 12,480
Reconciliation of funds
Total funds brought forward 49,542 49,542 37,062
Total funds carried forward 47,653 47,653 49,542
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The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
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ESTE KALMS CHARITABLE TRUST
Statement of Financial Position
Year ended 30 November 2024
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Notes 2024 2023
£ £
Current assets
Cash at bank and in hand 51,205 53,094
51,205 53,094
Creditors: ammounts falling due within one year 7 3,552 3,552
Net current assets 47,653 49,542
Total assets less current liabilities 47,653 49,542
NET ASSETS £ 47,653 £ 49,542
Funds of the charity
Unrestricted funds 47,653 49,542
Total charity funds £ 47,653 £ 49,542
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These financial statements were approved by the board of trustees and authorised for issue on 24 May 2025, and are signed on behalf of the board by:
Mrs E Kalms Trustee
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ESTE KALMS CHARITABLE TRUST Notes to the financial statements Year ended 30 November 2024
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, London, NW11.
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 Companies Act 2006.
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.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102:
(a) No cash flow statement has been presented for the company.
- (b) Disclosures in respect of financial instruments have not been presented.
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 trustees 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.
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ESTE KALMS CHARITABLE TRUST Notes to the financial statements (continued) Year ended 30 November 2024
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 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 and events.
• 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.
Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
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ESTE KALMS CHARITABLE TRUST
Notes to the financial statements (continued)
Year ended 30 November 2024
| 4 Donations and legacies Donations Donations 5 Expenditure on charitable activites by fund type Charitable activity Support costs 6 Trustee remuneration and expenses |
Unrestricted funds £ 52,050 Unrestricted funds £ 52,947 992 53,939 |
Total funds 2024 £ 52,050 Total funds 2024 £ 52,947 992 53,939 |
|---|---|---|
No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.
7 Creditors falling due less than a year
| Accurals and deferred income Other creditors |
2024 £ 840 2,712 |
|---|---|
| 3,552 | |
| 8 Analysis of charitable funds At 1 December 2023 Income Expenditure Unrestricted funds General funds 49,542.00 £ £52,050 £53,939 9 Analysis of net assets between funds Unrestricted funds Current assets 51,205 £ Current liabilities (3,552) £ 47,653 £ |
At 30 November 2024 £47,653 Total funds 2024 51,205 £ (3,552) £ 47,653 £ |
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