2024-06-30-accounts - Makor Charitable Trust

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator. This document is also available as Markdown.

Independent examiner’s report to the trustees of Makor Charitable Trust

I report to the trustees on my examination of the accounts of the Makor Charitable Trust (the Trust) for the period ended 30 June 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 2011Act 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

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:

accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
the accounts do not accord with those records; or
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.

Signed:

Name: J L Posner

Relevant professional qualification or membership of professional bodies: ICAEW Address: 100, High Ash Drive, Leeds, LS17 8RE Date:

REGISTERED CHARITY NUMBER: 1068307

Report of the Trustees and

Financial Statements for the Period 1 January 2023 to 30 June 2024

for

Makor Charitable Trust

Leon & Company Chartered Accountants 100 High Ash Drive Alwoodley Leeds West Yorkshire LS17 8RE

Makor Charitable Trust

Contents of the Financial Statements for the Period 1 January 2023 to 30 June 2024

		Page
Report of the Trustees		1
Independent Examiner's Report		2
Statement of Financial Activities		3
Balance Sheet		4
Notes to the Financial Statements	5	to	9
Detailed Statement of Financial Activities		10

Makor Charitable Trust

Report of the Trustees

for the Period 1 January 2023 to 30 June 2024

The trustees present their report with the financial statements of the charity for the period 1 January 2023 to 30 June 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).

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1068307

Principal address

MAZC Centre 311 Stonegate Road Leeds West Yorkshire LS17 6AZ

Trustees

Mrs S Woolf S M Cundle I H Delroy

Independent Examiner

Leon & Company Chartered Accountants 100 High Ash Drive Alwoodley Leeds West Yorkshire LS17 8RE

CESSATION OF TRADING

The charity ceased activities on 30 June 2024.

Following a meeting of the trustees, it was agreed that all remaining funds will be distributed to the Leeds Jewish Welfare Board.

Approved by order of the board of trustees on ............................................. and signed on its behalf by:

................................................................. S M Cundle - Trustee

Page 1

Independent Examiner's Report to the Trustees of Makor Charitable Trust

Independent examiner's report to the trustees of Makor Charitable Trust

I report to the charity trustees on my examination of the accounts of Makor Charitable Trust (the Trust) for the period 1 January 2023 to 30 June 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:

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
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.

Jack Posner

Leon & Company Chartered Accountants 100 High Ash Drive Alwoodley Leeds West Yorkshire LS17 8RE

Date: .............................................

Page 2

Makor Charitable Trust

Statement of Financial Activities for the Period 1 January 2023 to 30 June 2024

				Period
				1.1.23
				to	Year Ended
				30.6.24	31.12.22
		Unrestricted	Restricted	Total	Total
		fund	fund	funds	funds
	Notes	£	£	£	£
INCOME AND ENDOWMENTS FROM
Donations and legacies		15,379	-	15,379	14,900
Other trading activities	2	17,276	-	17,276	13,912
Investment income	3	122	-	122	3
Total		32,777	-	32,777	28,815
EXPENDITURE ON
Charitable activities
Cultural Activities		49,117	-	49,117	27,619
Other		291	-	291	-
Total		49,408	-	49,408	27,619
NET INCOME/(EXPENDITURE)		(16,631)	-	(16,631)	1,196
RECONCILIATION OF FUNDS
Total funds brought forward		25,291	-	25,291	24,095
TOTAL FUNDS CARRIED FORWARD		8,660	-	8,660	25,291

The notes form part of these financial statements

Page 3

Makor Charitable Trust

Balance Sheet

30 June 2024

Unrestricted Restricted fund fund Notes £ £ FIXED ASSETS Tangible assets 7 - - CURRENT ASSETS Debtors 8 - - Cash at bank and in hand 8,914 - 8,914 - CREDITORS Amounts falling due within one year 9 (254) - NET CURRENT ASSETS 8,660 - TOTAL ASSETS LESS CURRENT LIABILITIES 8,660 - NET ASSETS 8,660 - FUNDS 10 Unrestricted funds TOTAL FUNDS	30.6.24 31.12.22 Total Total funds funds £ £ - 21 - 10,256 8,914 19,583 8,914 29,839 (254) (4,569) 8,660 25,270 8,660 25,291 8,660 25,291 8,660 25,291 8,660 25,291

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:

............................................. S M Cundle - Trustee

The notes form part of these financial statements

Page 4

Makor Charitable Trust

Notes to the Financial Statements

for the Period 1 January 2023 to 30 June 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

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings - 25% on reducing balance Computer equipment - 25% on reducing balance

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

Page 5

continued...

Makor Charitable Trust

Notes to the Financial Statements - continued

for the Period 1 January 2023 to 30 June 2024

2. OTHER TRADING ACTIVITIES

Cultural activities 3. INVESTMENT INCOME Deposit account interest	Period 1.1.23 to Year Ended 30.6.24 31.12.22 £ £ 17,276 13,912 Period 1.1.23 to Year Ended 30.6.24 31.12.22 £ £ 122 3

4. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the period ended 30 June 2024 nor for the year ended 31 December 2022.

Trustees' expenses

There were no trustees' expenses paid for the period ended 30 June 2024 nor for the year ended 31 December 2022.

5. STAFF COSTS

The average monthly number of employees during the period was as follows:

Administration No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund £ INCOME AND ENDOWMENTS FROM Donations and legacies 14,900 Other trading activities 13,912 Investment income 3 Total 28,815 EXPENDITURE ON Charitable activities Cultural Activities 27,619 NET INCOME 1,196	Period 1.1.23 to Year Ended 30.6.24 31.12.22 1 1 Restricted Total fund funds £ £ - 14,900 - 13,912 - 3 - 28,815 - 27,619 - 1,196	Period 1.1.23 to Year Ended 30.6.24 31.12.22 1 1 Restricted Total fund funds £ £ - 14,900 - 13,912 - 3 - 28,815 - 27,619 - 1,196	Period 1.1.23 to Year Ended 30.6.24 31.12.22 1 1 Restricted Total fund funds £ £ - 14,900 - 13,912 - 3 - 28,815 - 27,619 - 1,196

			28,815
			27,619
			1,196

6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

continued...

Page 6

Makor Charitable Trust

Notes to the Financial Statements - continued for the Period 1 January 2023 to 30 June 2024

6.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES -	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES -	continued	continued
		Unrestricted	Restricted		Total
		fund	fund		funds
		£		£	£
	RECONCILIATION OF FUNDS
	Total funds brought forward	24,095		-	24,095
	TOTAL FUNDS CARRIED FORWARD	25,291		-	25,291
7.	TANGIBLE FIXED ASSETS
		Fixtures
		and	Computer
		fittings	equipment		Totals
		£	£		£
	COST
	At 1 January 2023 and 30 June 2024	10,752	2,354		13,106
	DEPRECIATION
	At 1 January 2023	10,731	2,354		13,085
	Charge for year	21		-	21
	At 30 June 2024	10,752	2,354		13,106
	NET BOOK VALUE
	At 30 June 2024	-		-	-
	At 31 December 2022	21		-	21
8.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
			30.6.24		31.12.22
			£		£
	Other debtors			-	9,968
	Prepayments			-	288
				-	10,256

Page 7

continued...

Makor Charitable Trust

Notes to the Financial Statements - continued for the Period 1 January 2023 to 30 June 2024

9.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
			30.6.24	31.12.22
			£	£
	Taxation and social security		(1,186)	3,094
	Other creditors		1,440	1,475
			254	4,569
10.	MOVEMENT IN FUNDS
			Net
			movement	At
		At 1.1.23	in funds	30.6.24
		£	£	£
	Unrestricted funds
	General fund	25,291	(16,631)	8,660
	TOTAL FUNDS	25,291	(16,631)	8,660
	Net movement in funds, included in the above are as follows:
		Incoming	Resources	Movement
	resources		expended	in funds
		£	£	£
	Unrestricted funds
	General fund	32,777	(49,408)	(16,631)
	TOTAL FUNDS	32,777	(49,408)	(16,631)
	Comparatives for movement in funds
			Net
			movement	At
		At 1.1.22	in funds	31.12.22
		£	£	£
	Unrestricted funds
	General fund	24,095	1,196	25,291
	TOTAL FUNDS	24,095	1,196	25,291
	Comparative net movement in funds, included in the above are	as follows:
		Incoming	Resources	Movement
	resources		expended	in funds
		£	£	£
	Unrestricted funds
	General fund	28,815	(27,619)	1,196
	TOTAL FUNDS	28,815	(27,619)	1,196

Page 8

continued...

Makor Charitable Trust

Notes to the Financial Statements - continued

for the Period 1 January 2023 to 30 June 2024

11. RELATED PARTY DISCLOSURES

There were no related party transactions for the period ended 30 June 2024.

Page 9

Makor Charitable Trust

Detailed Statement of Financial Activities for the Period 1 January 2023 to 30 June 2024

Detailed Statement of Financial Activities for the Period 1 January 2023 to 30 June 2024
	Period
	1.1.23
	to	Year En	ded
	30.6.24	31.12.22
	£	£
INCOME AND ENDOWMENTS
Donations and legacies
Donations	15,379	14,900
Other trading activities
Cultural activities	17,276	13,912
Investment income
Deposit account interest	122	3
Total incoming resources	32,777	28,815
EXPENDITURE
Charitable activities
Wages	31,456	14,605
Other operating leases	6,925	6,922
Insurance	2,185	854
Telephone	628	561
Postage and stationery	2,553	857
Performers and event costs	3,558	1,999
Repairs and renewals	483	247
Depn of fixtures & fittings	21	23
Depn of computer equipment	-	186
	47,809	26,254
Other
HMRC interest	291	-
Support costs
Finance
Bank charges	-	15
Other
Telephone	228	-
Governance costs
Accountancy and legal fees	1,080	1,350
Total resources expended	49,408	27,619
Net (expenditure)/income	(16,631)	1,196

This page does not form part of the statutory financial statements

Page 10

Independent examiner’s report to the trustees of Makor Charitable Trust

I report to the trustees on my examination of the accounts of the Makor Charitable Trust (the Trust) for the period ended 30 June 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 2011Act 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

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:

accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
the accounts do not accord with those records; or
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.

Signed:

Name: J L Posner

Relevant professional qualification or membership of professional bodies: ICAEW Address: 100, High Ash Drive, Leeds, LS17 8RE Date: