REGISTERED CHARITY NUMBER: 803762
KOLLEL GUR 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
KOLLEL GUR TRUST
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
| Page | ||
|---|---|---|
| Reference and Administrative Details | 1 | |
| Report of the Trustees | 2 to | 3 |
| Independent Examiner's Report | 4 | |
| Statement of Financial Activities | 5 | |
| Balance Sheet | 6 | |
| Notes to the Financial Statements | 7 to | 9 |
KOLLEL GUR TRUST
REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 MARCH 2022
TRUSTEES
TRUSTEES A A Zonszajn J Margulies M Pesach H Pesach (appointed 15.12.21) PRINCIPAL ADDRESS 16 Linthorpe Road London N16 5RF REGISTERED CHARITY 803762 NUMBER INDEPENDENT EXAMINER Sugarwhite Meyer Accountants Ltd First Floor 94 Stamford Hill London N16 6XS BANKERS CAF Bank Ltd 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ
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KOLLEL GUR 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 the benefit and promotion of the Orthodox Jewish Religion and Orthodox Jewish Religious Education in any part of the world.
The trustees confirm that they have given due regard the Charity Commission's guidance on public benefit.
Activities and grantmaking
The charity awards grants and bursaries to mature students at Kollel Gur, an institute for advanced Jewish Religious and Talmudical studies.
FINANCIAL REVIEW
Financial review
The trustees are pleased with the results for the year. There was an increase in in donations of almost 15%, the trustees increased grantmaking by 6% to leave a surplus for the year. In addition to study grants, the trustees made grants for the relief of poverty to help families with basic needs especially for Sabbath and Jewish festivals.
Reserves policy
The trustees endeavour to maintain sufficient funds to enable the charity to meet its ongoing financial commitments to students on its learning programme. Reserves, which are free reserves, at the year end were £141,126 ( 2020 - £127,828).
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is constituted and governed by a Declaration of Trust dated 1 December 1969.
Organisational structure
The day-to-day affairs of the company are administered by the trustees. It is not the intention of the trustees to appoint any new trustees. Should the situation change in the future, the trustees will apply suitable recruitment induction and training procedures.
Risk management
The trustees have confirmed that there are no major risks to which the charity is exposed.
STATEMENT OF TRUSTEES' RESPONSIBILITIES
The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
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KOLLEL GUR TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022
STATEMENT OF TRUSTEES' RESPONSIBILITIES - continued
The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed 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 and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charity SORP;
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make judgements and estimates that are reasonable and prudent;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the board of trustees on 29 January 2023 and signed on its behalf by:
M Pesach - Trustee
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF KOLLEL GUR TRUST
Independent examiner's report to the trustees of Kollel Gur Trust
I report to the charity trustees on my examination of the accounts of Kollel Gur 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:
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accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
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the accounts do not accord with those records; or
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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.
E Meyer FCA BSc Sugarwhite Meyer Accountants Ltd First Floor 94 Stamford Hill London N16 6XS
29 January 2023
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KOLLEL GUR TRUST
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022
| 2022 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 227,571 Investment income 2 16 Total 227,587 EXPENDITURE ON Raising funds - Charitable activities 3 Grantmaking 213,106 Support 1,183 Total 214,289 NET INCOME/(EXPENDITURE) 13,298 RECONCILIATION OF FUNDS Total funds brought forward 127,828 TOTAL FUNDS CARRIED FORWARD 141,126 |
2021 Total funds £ 198,431 25 198,456 122 200,716 3,218 204,056 (5,600) 133,428 127,828 |
|---|---|
The notes form part of these financial statements
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KOLLEL GUR TRUST
BALANCE SHEET 31 MARCH 2022
| Notes CURRENT ASSETS Cash at bank CREDITORS Amounts falling due within one year 7 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS Unrestricted funds TOTAL FUNDS |
2022 Total funds £ 142,206 (1,080) 141,126 141,126 141,126 141,126 141,126 |
2021 Total funds £ 128,907 (1,079) 127,828 127,828 127,828 127,828 127,828 |
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 29 January 2023 and were signed on its behalf by:
M Pesach - Trustee
The notes form part of these financial statements
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KOLLEL GUR 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
Income received by way of donations is accounted for when received.
Income from investments is included in the year in which it is receivable.
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. INVESTMENT INCOME
| Deposit account interest CHARITABLE ACTIVITIES COSTS Grantmaking Support |
Grant funding of activities (see note 4) £ 213,106 - 213,106 |
2022 £ 16 Support costs (see note 5) £ - 1,183 1,183 |
2021 £ 25 Totals £ 213,106 1,183 |
2021 £ 25 |
|---|---|---|---|---|
| 214,289 |
3. CHARITABLE ACTIVITIES COSTS
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KOLLEL GUR TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022
4. GRANTS PAYABLE
| 2022 £ Grantmaking 213,106 The total grants paid to institutions during the year was as follows: 2022 £ Relief of poverty - The total grants paid to individuals during the year was as follows: 2022 £ Study grants 187,606 Relief of poverty 25,500 213,106 5. SUPPORT COSTS Governance Finance costs £ £ Support 103 1,080 Support costs, included in the above, are as follows: 2022 Support £ Bank charges 103 Independent examiner's fee 300 Independent examiner's other fees 780 General expenses - 1,183 |
2021 £ 200,716 2021 £ 3,115 2021 £ 168,546 29,055 197,601 Totals £ 1,183 2021 Total activities £ 138 300 780 2,000 3,218 |
|---|---|
6. 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.
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KOLLEL GUR TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
|---|---|---|---|
| 2022 | 2021 | ||
| £ | £ | ||
| Other creditors | 1,080 | 1,079 |
8. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2022.
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