Registere(I ChHI'ity no.. 328368 THE STANLEY KALMS FOUNDATION UNAUDITCD TRUSTEES, REPORT AND FINANCIAL STATf.MF.NTS For the Vegr Ended S APRIL2021
TIIE STANI.Tr-Y I<ALMS fouNDA'fIoN YE4AR ENDED SAPRIL 2021 REFERENCE AND ADMINISTRATIVE INFORMATION REGISTERED NAME The Staiiley Kaln15 Fvun(latio REGISTRATION NUMBER Cliai'ity Commissiun 328368 RFGISTF.RED ADDRESS Flat 4 24 St.lames's Place Lonilon SWIA INII TRUSTEES Loril Kalm$ LAdy PAle1 Kdlms Mr Stcpli¢ii Kalins INDEPENDENT F.XAMINER Jeffrey Seldcn FCA Smith & Willinmson LLP 01151oiY Hoiist ()nslow Sti'eet Guililford Sui'i'ey GUI 4'fL BANKERS BArcldyJ4 Banli Ple 126 Station Ro&d Edgil'are Miildlesex HA8 7RY
THE STANLEY KALMS fiuUNI)A'I'ION TRU.%TCi fis, Rf.PORT fiOR THF. YEAR ENDED 5 APRIL 2021 REPORT OF THE TRUSTEES Tlie triistees pirsent theii. anniial Yepoi'l aiid the finaiicial stateinents ofihe ¢harily foi. tlie year cnded 5 April 2021. They liave been pitp#ied in accoi'daiice witli tlie aecounliii¥ policie5 sel ULII ii) note I to the dccoiinls and coini)ly with the CDnslilulion of Il)e Chdrity, the Cliai'ilies Act 201 I, tlie Statement of Recominended Pi%LIiLe dpplicable to ¢liai'iti¢s i)I'epai'iiib theii. accoiii)1s in acLoi'dance witli tlic financial Reporting Standail applici¢l?le in the UK ai)d Repiiblic of Iieland {FRS 102) (effective l January 2019). Structure, Cy0VernNce gtnil Managcmcnt The Foundatioii wa5 crealed by Loi.d and Lady Kalms by a 'fi'ust Deed on 4 Jiily 1989 and is registered a5 a tl)#i'ily with ilie Cliarity Coininission. The Trustees of the Foundation either aJE oi. weir appoiiited by the origijial settlors. The Ti'iistees have discretion to make donations as they wish withii) the objectives of the Foundation. ()bjectÉves and Activities Tlie Iiiaiji objectives of tlie Foiindalion, which ale set out iii tlie Triist Deed. are the encoiii'ageinenl of orthodox Jewish ediicatioii in tlie UIC and in Israel and to b¢ pg1liculai.ly involved in the gianting of scholai'sliip5, lellow5hips and I'esear¢h gi?i)ts. Othej. activities include support foi. the ails and Inedicine and otlier pi'ogi'ainnies both seLular ai)d religious. Tlie I'ru5tees coiifii'in that they have had iELlilI.d lo the Chai'ity Coininission's giiidance 011 public benefit. The F(iund2tion is financially dependent on the value of the inveslinenl assets and related incoine. It is the policy of tlie Ti'u8tccs to invest funds in Inaiiaged unit tru5t5. The Fouiidalion's investineiits are IMaHagcd by investinent manage15 and the pci.foi'inance has been satisfactoi'y. It is the policy of tl)e Trustees to r¢tain sufficient fiiiids in resei'ves to Ineet foirseeablc obligations. Achievements and Pei'foi'n]#Nee Tlie Foundation'5 fuiid5 aiid inveslnient iii¢oine liave beeii applied diiring the yeai. to pi'ovide donations of £28.850 to 12 institutiojis (yeai. ended 5 Api'il 2020 £55,965 to 22 institutions). A donation froin Lord Kaljns was i'eLeived duritig tlie yeai. £25,00012020'. nill. Gift Aid lolalling £7.652 foi. the year is to be clai2ned (2020.. nil). The Foundation's current assets and futurc funding aiE adequate to fulfil its obligations.
THE STANiEY KALMS FOUNDATION TRUSTEES, REPORT FOR THE YEAR ETr4DED 5 APRTL 2021 (Cont'd...) riillanclal Review It is the policy of the Trustees to retaiii suffi¢ieiit fvnds in re6eives to uieet immediate and expected fvtuir d(Trnations.'Ihe foulld(itioi) does not enter into commitments for long rerni funding or support. The Fvundalioii has irseives of £183,461 (2020.. £140,619) at thc year end. R¢serYes are not requiitd for long term activities. Trustees, responsibilities In relv4tion tts the fln#ncial statements Thc law appli¢oble to charities in England and Wales requires the ITUStees to prepare a thislees, ai]nual report and financial statements for each fanCIal year which give a ITue and fail. view of th¢ charity's financial activitAe8 the year aud 0£ its fllwicial poqitlan at the eiid of the year. In preparing the fitmllcial stateyntnts. the trustees are iEquired to.. select suitable accountillg policies and then apply them consistently. observe the Inethods [d prillciples in tbe Charilies SORP. make judgements alld esiijnates that are reasonable and pwdeDL stste whether applicable UK accounting stslldards have bc¢n followed, subject to any aterial departures disclosed and explained in the financial 8tatemeilts,' prepare the findl]cial statemcnts on the going con¢em basi8 unless it is inappropriate to presume ihat the Ghai'ity will continue in busitt&. The tnisttts are responsible for kecping propcr ac¢ounting r¢wrds that di8Gloye with reasonable acouiary at any time tbe financial pos)tion of the ¢harsty and to aiable them to ensure that the financial statement8 comply with tbe chitieS Act 2011 and the Statement of Recommeiid¢d Pi?ctÈce applicable to charities preparing their Accounts in accordance with the Financial Reporting Sthndard applicable it] the UK and the Republic of treland IFRS 102) (eftective l Janllaiy 20191. They are also responsible for safcgllarding the assets of tlie charity and the w.oup and hence taking reasoiiable steps for thc pyevcntion and detectson of fraud aud other irregularities. Q¢L Approved by th 8tees on......-...- .alld gigned on their beh&l'fby'. LIJ LO1 Kalrns Chair of Ttustees
THE STANLEY I<ALMS I,-OUNDATION Statement of Flnaneial Activities Foi. the Ycai. 14 nded 5 April 2021 Note 2021 2Q20 INCOME Donations received Ii)vestment income 36,462 TOTAL INCOME EXPENDI'fuRE Expenditiiie oli cliai'Étable activities.. Doi)alions- l)iiliodox Jcwisli cdiication Doiiation5- Ai15 DoJ)alions- Social and Cultiire Donat10115- Healih and Medicine 3&4 {8,033) (11,255) (5,471) (2,661) (40, J 78) (24,607) TOTAL EI XPENDITURC Net incumel(expenditure) before gainslllosses) on inv¢stin¢nls G#inS/(loes) on revaluatioii and disposal of fixed a55et investjncnls.. Realised Unrcali5ed 8,147 (55,459) 1,528 NF.T CAINS/(LOSSES) OP4 INVESTMENTS NEIT INCOMEIIEI XPENDITURF.) ANI) NET MOVEI MCI Iy'I- IN Tr'UNDS 42.¥42 (84.627) FUND BALANCE BROUGHT FORWARD 140619 225 246 FUND BALANCE CARRICD FORWARD 14 J9 The 51alement of financial activities includes all gaii)s and losses IEcognised in the year The opej'ations of the Foujidation are continuing.
THE STANLEY KALMS ITOiJNDATION Charity Number: 328368 STATEMEI NT OF flINANc POSITIOTrI As at 5 Aprll 2021 Note 2021 202Q FIXED ASSETS Fix¢d asset investmentg 148 608 113 914 CURRENT ASSETS Debtors Cash at bai)k in hand 7,652 38,553 32.135 LIABILITIES Arnouuts fallin& due within one yur.. AC¢nlS 700 NET CURRENT ASSETS 53 NKT ASSETS 183 61 FUNDS Unrestricted incomo fvllds 183,461 140.619 Totsl eharity fllnds J49 619 Ap roved b the Tivstees on.... . at)d signed ()n iheir be]Jalf by.. rd Kalms Chair of the Trustees The llotes on pages 7 to 9 foim part of these financial stateellts
TTrII STANLI), I<AI.MS FOUNDATION NOTES TO fiNANCIAL STATEMENTS For the Year Elided S Api'il 2021 ACCOVNTING POLICIES ACCOUNTING CONVF.NTION Tlie fiiiancigl statements have been prepared linder the hisloi'ieal cost convei)tion with items recognised at tiaiisaLIIoii Vdliie unless otliei'wise %t8ted in tlie J'clevant note(s) to tlie riiiaii¢ial slateineiits aiid iti accordance witli tlie Accoiinling ai)d Repoi1iiig by Ll)arities Siaieiiiti)l tsf ReLoiiiniei)ded I'ixctice (SORP) applicable lo cliai'ities prepai'iiig their accouiils in accordaii¢e witli The Financial Repoilins SlandaTd applicable in tlie ULC and RepubliL uf li'eland IFRS 102) (effective l Januai'y 2019). The financial stateinenls are piEsented in stei'ling whicli is the funclioiial cllrreiicy of the ti'ust. I'lie ti'ust ¢oi)stitutes a public benefit entity as defined by FRS 102. Tlie sigtiifi¢atit accountiiig policies applied in Ihe pieparcllion of these financiiil statcinenls aTe set oiil below. These policies havc bccn consisteiitly applicd tu all years pitsenled unless otlierwise slated. FIXED ASSET INVESTMENTS Fixed a55et investments aTe shown ai iheir Inarkel value at the balance sheet date. Realised and unrealised gains and losses on disposal and Tevalualion or rixed assel investmei)ts are included in the Statement of Financial Activities as they aTlSe. INVESTMENT INCOME Ii)ve5tinent income is accounted foi. as follows.. Divideiids I'eeeived diii'iiig the year Iiitei'est oil sliort teJ&n deposit aIiiounts I'eceived or I'eeeivable. DONATIONS RECEIVED Donation8 are Tccogiiised in the Slalemeni of Financial Activilies as sooi) as tlieiE IS entitleinent to the incoine, ieceipt or siifficicnt pi'obability that the inconie will be received, and the aniount can be mellsiired with sufficient Irliability. EXPENDITURE LtabilitlC5 are recognised as expenditure as soon as there is a legal oi. cotis(ructive obligNdtlOl) Loininilliiig tlie chai'ity to the expendilui'e. ExpenditUlE is included iii the finaiicial sldten)en15 on an accruals bls. Irrecoverable VAT 15 chaTLFed to the Slaleinent of Financial Activities as iii¢ui'lEd.
THE STANLEY tLdLfvIS FOUNDATION NOTES'fo'i'HE FINANCIAL STATEME4 NTS For tlie Ye#i' ended 5 Api'il 2021 ALLOCATION or SUPPORT CO.S'I'S Support cos15 include the iiidependenl exaininatioii costs and PlEparation of the yeaj. end accounts. The total Suppoi'l c05( 15 appoi'lioned on a pro rdla basis lo tl)e cliarilable donatioi)s. INCOMINC. RESOURCES 2021 2020 Dojiatiojis Gift Aid IEpayinent Incuine li'oill UK Linil ti'usts 2¥,1110 DONATIONS PAYABLE DoiiatiOn5 tu inbtitutioiis: Chai-Lifelitie Cai)ccr Cal'e Faiih, Ti'uili & Hope Cliai'ity Jewish Care Lifelites The Royal Opera House woi.ks Aveniie Othei. donations of less than £5,000 20,000 5.000 5,000 5,000 5. 140 5,OVO 12,500 5,000
THE STANLE4Y I<ALMS FOUNDATION NOTEIS TO THI FINANCIAL STATEMENTS For tlie Yeai. fi n(le(15 Api'il 2021 SUPPORT COSTS- GOVERNANCE COSTS 2021 2020 Independent examinei s fees 2,1)00 1,960 Accountancy FIXF.D ASSF.T INVF.STMCI NTS UK Unil Triisls 148608 113 914 UK Unit Trust Mai'ket valiie al 6 ApTiI 2020 t)isposals Reali5ed gaii)s Uiijialised &Tdinsl(losses) Market value at 5 April 2021 113.913 195,082 (50,000) 1,528 148608 113 914 Cost TRANSACTIONS WITH TRUSTEES AND CONNECTED PEI RSONS No I'emuneration oi. expenses have been paid to the Ti'ustees in the yeai. ended 5 April 2021 {2020'. none). The FoLindalioTr lias no einployees {2020.' none). Lady Kalm5 is also a Ti'uslee of Lifelites. a chai'ity to which the Foundation donated £5,000 (2020.. £5,OOUI and Lhai-I,ifeline Cancel. Cair a charity to which the foiindatioii donated £Nil (2020= £20,000). FUNDS All funds air unrestricted and iiiidesiL?lldted.
THL STANLCY I<ALMS fouNDATION INDEPENDENT EXAMINER'S RF.PORT TO THE TRUSTE4 ES or THE STANLEY KALMS FOUNI)ATI()ty repoi'l lo the 11'i15tees on Iny exaTniIiatioii of the finaiicial staleinejils of Tl)e Siaiiley Icaliiis -oiiii(latioii for ilie yeai. elided 5 April 2021. wlii¢h ¢oinpi'ise ilie Slateiiienl orrinan¢ial Aclivities, 11)e Sl#leinenl of Financial Pusilioi) and the noles to the financial slaleJnent5, iiicludiiig a suEnniary of siLJiiificÉllit aecoiintinL policies. Respeetiye i.espuShil1tieS uf triistLL5 exaniinei. basi5 vf repui't Ag the cliai'ity's Ii'ustee8 you ale I'esponsible for the pi'eparatitsi) of ihe AccoutS iii acc0janct with the reqiiiiEinent8 af thc cliaritie Act 2011 ('tlie A¢t'}. I Irport in respect of my examination of the chai'ity's financial stateinents cai'rted out undei. section 145 of the Acl and in carrying oul Iny exaininalion I hawe followed all the dpplicable Directions given by the Chai'ity Coininis5ioJ) under sectioii 145{5)(b) of Il)e Act. Indepeiident examiner s 5tateEneTht I have coinpleted my examination. I confii'm tl)at no matei'ial Inattei'5 have ooine to Iny attention in connection with the examination giving me cause to believe that in any material Irspect.. accounting IECOI'ds wei'e not kept in respect of the charity as I'equiied by section 130 of the the financial statements do not aceord with those Tecoi'dq. or the fiiiancial 5tateinents do iiot comply witli the applicable reqiiireineiits coi)cei'ninB the foi'in and content of finaii¢ial slateineiits sel out in the Chai'ilies (Accounls dnd Repor15) Regulalioi)s 2008 othci. tl)ai) any iEquii'eiiieJit tliat tlie accounts give a Ii'ue aiid fail. view wl)ich is iiot a tiiattej. coJ)sideiEd as PÉll'l of ali indepeiidejit exainination. I have no concerns and have coine acix)ss no other mattel's in connection with the examination to which attention should be di?wn in this I'eport in ordei. to enable a proper iindeisianding of the financial slat¢Jnents to be Jra¢h¢d. Jefficy Scldcii, Fellow of the Institute of ChaTteTed Accountants in Englaiid & Wales 8inith & Williainson LLP Onslow I Iou5e Ojislow Street Ouildfoixl Surrey GUI 4TL Date: 31 January 2022 io