REGISTERED CHARITY NUMBER: 803762
## KOLLEL GUR TRUST
## REPORT OF THE TRUSTEES AND
## FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
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 2024
||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 2024
|TRUSTEES|J Margulies|
|---|---|
||M Pesach|
||H Pesach|
|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 2024
The trustees present their report with the financial statements of the charity for the year ended 31 March 2024. 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 satisfied with the results for the year. There was an decrease in donations of about 4%, although the trustees increased grantmaking by 2% leaving a deficit for the year, this being funded from reserves held.
## 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 at the year end, which are all free reserves, were £123,076 ( 2023 - £138,145).
## 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 reviewed the major risks to which the charity is exposed and confirm that they have established systems to mitigate them.
## 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 2024
## 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 31 January 2025 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 2024.
## 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
31 January 2025
Page 4
## KOLLEL GUR TRUST
## STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024
|2024
Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
194,287
Investment income
2
604
Total
194,891
EXPENDITURE ON
Charitable activities
3
Grantmaking
208,529
Support
1,431
Total
209,960
NET INCOME/(EXPENDITURE)
(15,069)
RECONCILIATION OF FUNDS
Total funds brought forward
138,145
TOTAL FUNDS CARRIED FORWARD
123,076|2023
Total
funds
£
202,627
2
202,629
204,426
1,184
205,610
(2,981)
141,126
138,145|
|---|---|
The notes form part of these financial statements
Page 5
## KOLLEL GUR TRUST
## BALANCE SHEET 31 MARCH 2024
|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|2024
Total
funds
£
124,276
(1,200)
123,076
123,076
123,076
123,076
123,076|2023
Total
funds
£
139,225
(1,080)
138,145
138,145
138,145
138,145
138,145|
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 31 January 2025 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 2024
## 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
|INVESTMENT INCOME|||||
|---|---|---|---|---|
|Deposit account interest
CHARITABLE ACTIVITIES COSTS
Grantmaking
Support|Grant
funding of
activities
(see note
4)
£
208,529
-
208,529|2024
£
604
Support
costs (see
note 5)
£
-
1,431
1,431|2023
£
2
Totals
£
208,529
1,431|2023
£
2|
||||209,960||
## 3. CHARITABLE ACTIVITIES COSTS
Page 7
KOLLEL GUR TRUST
## NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
## 4. GRANTS PAYABLE
|2024
£
Grantmaking
208,529
The total grants paid to institutions during the year was as follows:
2024
£
Relief of poverty
6,000
Advacement of education
26,000
Social welfare
6,000
38,000
No donation exceeded £2,000.
The total grants paid to individuals during the year was as follows:
2024
£
Study grants
170,529
5.
SUPPORT COSTS
Governance
Finance
costs
£
£
Support
231
1,200
Support costs, included in the above, are as follows:
2024
Support
£
Bank charges
231
Independent examiner's fee
360
Independent examiner's other fees
840
1,431|2023
£
204,426
2023
£
-
-
-
-
2023
£
204,426
Totals
£
1,431
2023
Total
activities
£
104
300
780
1,184|
|---|---|
## 6. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.
## Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.
Page 8
KOLLEL GUR TRUST
## NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
## 7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
||2024|2023|
|---|---|---|
||£|£|
|Other creditors|1,200|1,080|
## 8. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2024.
Page 9