**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
Page 1
## **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).
Page 2
## **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
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charity SORP;
- make judgements and estimates that are reasonable and prudent;
- 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
Page 3
## **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:
1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
2. the accounts do not accord with those records; or
3. 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
Page 4
## **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
Page 5
## **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
Page 6
**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**
Page 7
## **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.
Page 8
## **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.
Page 9