Charity number: 1076084
MAOZ UK
UNAUDITED
TRUSTEES' REPORT AND FINANCIAL STATEMENTS
for the year ended 31 December 2023
MAOZ UK
CONTENTS
| Page | |
|---|---|
| Reference and administrative details of the charity, its trustees and advisers | 1 |
| Trustees' report | 2 - 5 |
| Statement of financial activities | 6 |
| Balance sheet | 7 |
| Statement of cash flows | 8 |
| Notes to the financial statements | 9 - 17 |
| Independent examiner's report | 18 - 19 |
MAOZ UK
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS for the year ended 31 December 2023
Trustees
Mr Dan Delap (resigned 15/6/2023) Mrs Helen Delap (resigned 15/6/2023) Mr Brian Greenaway Mr Philip Herklots Mr David Hoffbrand Mr Kobi Ferguson Mr Neil Hobbs, Chair Mrs Aileen Hobbs Mr Patrick Lineen (appointed 26/7/2024) Mrs Helen Lineen (appointed 26/7/2024)
Charity registered number
1076084
Principal office
Unit 6, Station Court, Station Approach, Borough Green, Kent, TN15 8BG
Examiner
P M Landergan FCA, 26 Burney Street, London, SE10 8EX
Page 1
MAOZ UK
TRUSTEES' REPORT for the year ended 31 December 2023
The Trustees present their annual report together with the financial statements of the charity for the 1 January 2023 to 31 December 2023.
OBJECTIVES AND ACTIVITIES
POLICIES AND OBJECTIVES
The objects of the charity are:
(a) The advancement of the Gospel of Yeshua (Jesus) the Messiah primarily among Jews but also among Gentiles in the UK, Europe, Israel and elsewhere by
• promoting the knowledge and understanding of the Bible by teaching, preaching and the provision of literature;
• providing services for the worship of God (the Father creator of the universe, his son Yeshua (Jesus) the Messiah and the Holy Spirit) and the celebration of the Biblical festivals and feasts;
• promoting the knowledge amongst Christians of the teaching of the Bible concerning the place of the Jewish people in the purposes of God; and
(b) To relieve persons who are in conditions of need or hardship or who are aged or sick and to relieve the distress caused thereby in the United Kingdom, Israel and in such other parts of the world as the Trustees may from time to time think fit.
There have been no changes in the objectives since the last annual report.
ACTIVITIES FOR ACHIEVING OBJECTIVES
ACTIVITIES
Our office near Sevenoaks continues to be our base of operations where our team carry out the work of Maoz UK.
Our team consists of Brian and Elizabeth Greenaway, as well as our Finance Administrator and Office Administrator. During 2023 the Trustees continued to support the Maoz Ambassador role, reaching the next generation. To this end we have worked with a group of musicians and young leaders to arrange and promote special events.
Our office base is used to carry out administration which includes managing finances, including grant allocation. We also administer a comprehensive receipt process and communicate with partners. We produce the prayer letter and oversee the management of resources. .
PUBLIC BENEFIT
The Trustees have had regard to Charity Commission guidance on public benefit. Among our activities are relief of persons who are in conditions of need or hardship, the production of Messianic Jewish literature and music, support of Arab Christians, assistance to provide worship services and the celebration of Biblical festivals and aid to widows and school children in a remote region in India.
MAIN ACTIVITIES UNDERTAKEN TO FURTHER THE CHARITY'S PURPOSES FOR PUBLIC BENEFIT
Attendance at conferences and churches continued in 2023 with Maoz UK attending 4 major conferences, AOG and Elim Leadership Conferences, New Wine and David’s Tent. After the events of 7th October 2023 we started a weekly prayer Zoom which now continues on a fortnightly basis. We also held a joint conference with Dovetail Shalom in November 2023 which saw around 120 people in attendance.
The team were involved in mailing special cards for the Biblical holidays to different groups of partners. They also maintain the dedicated UK website, as well as a Facebook page, Instagram account and Twitter feed.
Page 2
MAOZ UK
TRUSTEES' REPORT (continued) for the year ended 31 December 2023
Brian continues to visit churches and groups to provide teaching on the Jewish roots of the Christian faith and to contribute to the AOG Israel Mission Forum.
We continued to increase our regular contact with major donors to express our gratitude for their support.
We are also encouraging our supporters to send us their personal prayer requests, and we meet every week to pray for these.
Brian is chair of Love Never Fails, a quarterly meeting of Directors and leaders of ministries relating to Israel. Brian is also involved in the British Messianic Jewish Alliance.
ACHIEVEMENTS AND PERFORMANCE
REVIEW OF ACTIVITIES
FUND RAISING
Total income in 2023 was £397,528, including £23,076 rental income received in respect of a legacy bequeathed to the charity, an absolute decrease of £190,672 on the restated £593,600 for 2022 after adjusting for a prior year adjustment of £300,000 (see note 14) though excluding this amount the underlying income increased by £103,928.
We sent £226,500 to support work in Israel and £4,705 to India, a total of £231,205 in 2023, compared to £190,294 in 2022.
SUPPORT COSTS
Support costs in 2023 were £120,189 compared to £119,554 in 2022.
FACTORS RELEVANT TO ACHIEVE OBJECTIVES
We are continuing to use our network of leaders to reach other leaders, and are grateful for connections and support at senior level in denominations and church streams. We have grown this network over the year.
We are encouraging partners to tell other people about our work and increase our database through recommendations. We also keep the database under review to ensure that we comply with GDPR obligations and those receiving our information wish to do so, eliminating waste.
Connections made by our Maoz Ambassador are growing. We are seeing supporters and leaders connect with us on a personal level. We have approximately 1,000 people we email on a monthly basis.
FINANCIAL REVIEW
GOING CONCERN
After making appropriate enquiries, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the Accounting Policies.
RESERVES POLICY
The Trustees aim to keep sufficient funds to cover approximately three months expenses at any one time.
Restricted funds are distributed in accordance with the donors instructions usually in the month after they are received.
Page 3
MAOZ UK
TRUSTEES' REPORT (continued) for the year ended 31 December 2023
STRUCTURE, GOVERNANCE AND MANAGEMENT
CONSTITUTION
The charity is constituted by a Declaration of Trust dated 9 December 1997, Supplementary Declaration of Trust dated 19 January 1999 and Supplementary Declaration of Trust dated 24 May 1999.
METHOD OF APPOINTMENT OR ELECTION OF TRUSTEES
The power of appointment or removal of trustees is vested in the Trustees themselves.
ORGANISATIONAL STRUCTURE AND DECISION MAKING
All matters of policy are taken by the Trustees while day to day decisions on administrative matters are taken by the charity's Director.
RELATED PARTY RELATIONSHIPS
The charity co-operates closely with Maoz Israel Ministries in USA and Israel.
RISK MANAGEMENT
The Trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the charity, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks.
Page 4
MAOZ UK
TRUSTEES' REPORT (continued) for the year ended 31 December 2023
TRUSTEES' RESPONSIBILITIES STATEMENT
The Trustees are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales 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 of the charity for that period. In preparing these financial statements, the Trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the Charities Statement of Recommended Practice (SORP);
-
make judgments and accounting estimates that are reasonable and prudent; and
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The Trustees are responsible for keeping proper accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and 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 Declaration of Trust. 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.
................................................ Mr Brian Greenaway Trustee 24 October 2024
................................................ Mr Neil Hobbs Chair 24 October 2024
Page 5
MAOZ UK
STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 December 2023
| Unrestricted funds Note 2023 £ INCOME FROM: Donations and legacies 2 199,163 Investments 3 23,076 TOTAL INCOME 222,239 EXPENDITURE ON: Charitable activities 5 201,279 TOTAL EXPENDITURE 6 201,279 NET INCOME BEFORE OTHER RECOGNISED GAINS AND LOSSES 20,960 NET MOVEMENT IN FUNDS 20,960 RECONCILIATION OF FUNDS: Total funds brought forward 379,272 TOTAL FUNDS CARRIED FORWARD 400,232 |
Restricted funds 2023 £ 175,289 - 175,289 148,662 148,662 26,627 26,627 27,974 54,601 |
Total funds 2023 £ 374,452 23,076 397,528 349,941 349,941 47,587 47,587 407,246 454,833 |
As restated Total funds 2022 £ 593,600 - |
|---|---|---|---|
| 593,600 | |||
| 316,771 | |||
| 316,771 | |||
| 276,829 276,829 130,417 |
|||
| 407,246 |
The notes on pages 9 to 17 form part of these financial statements.
Page 6
MAOZ UK
BALANCE SHEET as at 31 December 2023
| Note CURRENT ASSETS Debtors 12 Cash at bank and in hand CREDITORS:amounts falling due within one year 13 NET CURRENT ASSETS NET ASSETS CHARITY FUNDS Restricted funds 15 Unrestricted funds 15 TOTAL FUNDS |
£ 339,466 122,237 461,703 (6,870) |
2023 £ 454,833 454,833 54,601 400,232 454,833 |
£ 312,926 99,429 412,355 (5,109) |
As restated 2022 £ 407,246 |
|---|---|---|---|---|
| 407,246 | ||||
| 27,974 379,272 |
||||
| 407,246 |
The financial statements were approved by the Trustees on 24 October 2024 and signed on their behalf, by:
................................................ ................................................ Mr Brian Greenaway Mr Neil Hobbs, Chair
The notes on pages 9 to 17 form part of these financial statements.
Page 7
MAOZ UK
STATEMENT OF CASH FLOWS for the year ended 31 December 2023
| Note Cash flows from operating activities Net cash provided by/(used in) operating activities 17 Change in cash and cash equivalents in the year Cash and cash equivalents brought forward Cash and cash equivalents carried forward 18 |
2023 £ 22,808 22,808 99,429 122,237 |
2022 £ (14,023) (14,023) 113,452 99,429 |
|---|---|---|
The notes on pages 9 to 17 form part of these financial statements.
Page 8
MAOZ UK
NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 December 2023
1. ACCOUNTING POLICIES
1.1 BASIS OF PREPARATION OF FINANCIAL STATEMENTS
The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and Charities Act 2011.
Maoz UK constitutes a public benefit entity as defined by FRS 102.
1.2 INCOME
All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
For legacies, entitlement is taken as the earlier of the date on which:(1) the charity is aware that probate has been granted, (2) the estate has been finalised and notification has been made by the executor(s) to the Trust that a distribution will be made or (3) when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the charity has been notified of the executor's intention to make a distribution. Where legacies have been notified to the charity, or the charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is treated as a contingent asset and disclosed if material.
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.
Page 9
MAOZ UK
NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 December 2023
1. ACCOUNTING POLICIES (continued)
1.3 EXPENDITURE
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.
Support costs are those costs incurred directly in support of expenditure on the objects of the charity and include project management carried out at Headquarters. Governance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.
Charitable activities and Governance costs are costs incurred on the charity's operations, including support costs and costs relating to the governance of the charity apportioned to charitable activities.
1.4 INTEREST RECEIVABLE
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank.
1.5 DEBTORS
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
1.6 CASH AT BANK AND IN HAND
Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
1.7 LIABILITIES AND PROVISIONS
Liabilities are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised within interest payable and similar charges.
1.8 PENSIONS
The charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the charity to the fund in respect of the year.
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MAOZ UK
NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 December 2023
1. ACCOUNTING POLICIES (continued)
1.9 FUND ACCOUNTING
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
2. INCOME FROM DONATIONS AND LEGACIES
| Unrestricted funds 2023 £ Donations 199,163 Legacies - Total donations and legacies 199,163 Total 2022 593,600 Rental INCOME Unrestricted funds 2023 £ Rent on bequeathed property held by Estate 23,076 23,076 |
Restricted funds 2023 £ 175,289 - 175,289 - Restricted funds 2023 £ - - |
Total funds 2023 £ 374,452 - 374,452 593,600 Total funds 2023 £ 23,076 23,076 |
As restated Total funds 2022 £ 293,600 300,000 |
|
|---|---|---|---|---|
| 593,600 | ||||
| As restated Total funds 2022 £ - - |
||||
3. Rental INCOME
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MAOZ UK
NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 December 2023
4. SUPPORT COSTS
| Secretarial Expenses Rental and office Postage and stationery Travelling Other Expenses Telephone Development costs Bank charges Computer costs Wages and salaries Pension cost Total 2022 |
Activities £ 13,995 7,252 17,427 6,946 630 1,736 29,517 1,142 2,797 37,800 947 120,189 119,554 |
Total 2023 £ 13,995 7,252 17,427 6,946 630 1,736 29,517 1,142 2,797 37,800 947 120,189 119,554 |
Total 2022 £ 13,320 7,266 19,332 7,283 3,729 1,204 26,312 1,197 2,091 36,900 920 119,554 |
|---|---|---|---|
5. GOVERNANCE COSTS
| Unrestricted funds Restricted funds 2023 £ 2023 £ Examiners Fee 1,260 - Insurance 637 - 1,897 - ANALYSIS OF EXPENDITURE BY EXPENDITURE TYPE Staff costs Other costs 2023 £ 2023 £ Direct costs 38,747 309,297 Governance - 1,897 38,747 311,194 Total 2022 37,820 278,951 |
Total funds 2023 £ 1,260 637 1,897 Total 2023 £ 348,044 1,897 349,941 316,771 |
As restated Total funds 2022 £ 900 - |
|---|---|---|
| 900 | ||
| As restated Total 2022 £ 315,871 900 |
||
| 316,771 | ||
6. ANALYSIS OF EXPENDITURE BY EXPENDITURE TYPE
Page 12
MAOZ UK
NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 December 2023
7. ANALYSIS OF EXPENDITURE BY ACTIVITIES
| Direct costs Total 2022 |
Grant funding of activities 2023 £ 227,855 196,317 |
Support costs 2023 £ 120,189 119,554 |
Total 2023 £ 348,044 315,871 |
Total 2022 £ 315,871 |
|---|---|---|---|---|
8. NET INCOME/(EXPENDITURE)
During the year, one Trustee received remuneration of £37,800 for duties in addition to those as a Trustee (2022 - £36,900).
During the year, no Trustee received any benefits in kind (2022 - £NIL).
During the year, one Trustee received reimbursement of expenses £2,436 (2022- £1,428).
9. EXAMINERS' REMUNERATION
The Independent Examiner's remuneration amounts to an Independent Examination fee of £1,260 (2022 - £ 900), and no other services were supplied of £ -(2022 - £ -).
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MAOZ UK
NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 December 2023
10. STAFF COSTS
Staff costs were as follows:
| Salaries and fees Other pension costs |
2023 £ 37,800 947 38,747 |
2022 £ 36,900 920 |
|---|---|---|
| 37,820 |
The average number of persons employed by the charity during the year was as follows:
| 2023 | 2022 | |
|---|---|---|
| No. | No. | |
| Administration | 1 | 1 |
| Average headcount expressed as a full time equivalent: | ||
| 2023 | 2022 | |
| No. | No. | |
| Administration and development | 1 | 1 |
No employee received remuneration amounting to more than £60,000 in either year.
11. TRUSTEES' REMUNERATION
During the year retirement benefits were accruing to 1 Trustee (2022 - 1) in respect of defined contribution pension schemes.
12. DEBTORS
| Other debtors - Tax Recoverable Legacy Receivable |
2023 £ 21,005 318,461 339,466 |
As restated 2022 £ 12,926 300,000 |
|---|---|---|
| 312,926 |
13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Trade creditors Accruals and deferred income |
2023 £ 5,610 1,260 6,870 |
2022 £ 3,345 1,764 |
|---|---|---|
| 5,109 |
Page 14
MAOZ UK
NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 December 2023
14. PRIOR YEAR ADJUSTMENT
The Trustees have become aware that the Charity was granted a legacy of a property valued at £300,000 in 2022. Under the SORP accounting standard, this legacy should have been treated as income in the 2022 accounts as probate was granted to the estate before 31 December 2022. The comparative figures in these accounts have been re-stated to include this income.
15. STATEMENT OF FUNDS
STATEMENT OF FUNDS - CURRENT YEAR
| UNRESTRICTED FUNDS General Funds - all funds RESTRICTED FUNDS I Stand With Israel Hebrew Literature Tifferet Yeshua Conferences and Teenagers Internet / Evangelism India Ebenezer Mentoring Total of funds |
Balance at 1 January 2023 £ 379,272 2,632 45 100 160 2,118 6,594 15,825 500 27,974 407,246 |
Income Expenditure £ £ 222,239 (201,279) 102,425 (91,475) 3,819 (3,459) 2,541 (1,811) 14,647 (4,562) 27,803 (18,775) 6,966 (4,705) 15,228 (21,715) 1,860 (2,160) 175,289 (148,662) 397,528 (349,941) |
Balance at 31 December 2023 £ 400,232 13,582 405 830 10,245 11,146 8,855 9,338 200 54,601 454,833 |
|---|---|---|---|
The restricted funds relate to various projects being run by Maoz Israel as detailed below:
I Stand With Israel - supports poor needy Jewish and Arab believers throughout Israel
Hebrew Literature - translates and produces Bibles, Gospel books, tapes and CDs in Hebrew
Tifferet Yeshua - invests in the work and growth of a congregation in Tel Aviv
Conferences and teenagers - organising and subsidizing camps and conferences including Netivah projects helping young believers prepare spiritually for National Service
Internet / Evangelism - development of evangelism through the Internet
India - supports small churches and their pastors, helps pay teachers salaries, gives small regular payments to widows in a deprived rural area in Andrah Pradesh
Ebenezer - support for Genesis Awakening congregation and Hand of Love Project
Mentoring – Netivah and Chetzim project to support young people before military service
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MAOZ UK
NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 December 2023
15. STATEMENT OF FUNDS (continued)
STATEMENT OF FUNDS - PRIOR YEAR
| STATEMENT OF FUNDS - PRIOR YEAR | ||||
|---|---|---|---|---|
| General Funds - all funds RESTRICTED FUNDS I Stand With Israel Hebrew Literature Tifferet Yeshua Conferences and Teenagers Aliyah Internet / Evangelism India Ebenezer Mentoring |
Balance at 1 January 2022 £ 110,999 8,083 102 - 445 - 2,689 3,530 4,569 - 19,418 |
Income £ 152,504 50,283 8,257 3,335 10,844 507 35,672 9,087 21,686 1,425 141,096 |
Expenditure £ (184,231) (55,734) (8,314) (3,235) (11,129) (507) (36,243) (6,023) (10,430) (925) (132,540) |
Balance at 31 December 2022 £ 79,272 |
| 2,632 45 100 160 - 2,118 6,594 15,825 500 27,974 |
SUMMARY OF FUNDS - CURRENT YEAR
| General funds Restricted funds SUMMARY OF FUNDS - PRIOR YEAR General funds Restricted funds |
Balance at 1 January 2023 £ 379,272 27,974 407,246 Balance at 1 January 2022 £ 110,999 19,418 130,417 |
Income Expenditure £ £ 222,239 (201,279) 175,289 (148,662) 397,528 (349,941) Income Expenditure £ £ 152,504 (184,231) 141,096 (132,540) 293,600 (316,771) |
Balance at 31 December 2023 £ 400,232 54,601 454,833 |
|---|---|---|---|
| Balance at 31 December 2022 £ 79,272 27,974 107,246 |
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MAOZ UK
NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 December 2023
16. ANALYSIS OF NET ASSETS BETWEEN FUNDS
ANALYSIS OF NET ASSETS BETWEEN FUNDS - CURRENT YEAR
| Unrestricted funds Restricted funds 2023 £ 2023 £ Current assets 403,502 58,201 Creditors due within one year (3,270) (3,600) 400,232 54,601 ANALYSIS OF NET ASSETS BETWEEN FUNDS - PRIOR YEAR Unrestricted funds Restricted funds 2022 £ 2022 £ Current assets 84,381 27,974 Creditors due within one year (5,109) - 79,272 27,974 17. RECONCILIATION OF NET MOVEMENT IN FUNDS TO NET CASH FLOW FROM OPERATING ACTIVITIES 2023 £ Net income for the year (as per Statement of financial activities) 47,587 Adjustment for: Increase in debtors (26,540) Increase/(decrease) in creditors 1,761 Net cash provided by/(used in) operating activities 22,808 18. ANALYSIS OF CASH AND CASH EQUIVALENTS 2023 £ Cash in hand 122,237 Total 122,237 |
Total funds 2023 £ 461,703 (6,870) 454,833 Total funds 2022 £ 412,355 (5,109) 407,246 2022 £ 276,829 (288,618) (2,234) (14,023) 2022 £ 99,429 99,429 |
|
|---|---|---|
19. PENSION COMMITMENTS
The charity operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the charity in an independently administered fund. The pension cost charge represents contributions payable by the charity to the fund and amounted to £947 (2022 - £920). Contributions totalling £Nil (2022 - £Nil) were payable to the fund at the balance sheet date.
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MAOZ UK
INDEPENDENT EXAMINER'S REPORT for the year ended 31 December 2023
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MAOZ UK (the 'charity')
I report to the charity Trustees on my examination of the accounts of the charity for the year ended 31 December 2023.
This report is made solely to the charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the charity's Trustees those matters I am required to state to them in an independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's Trustees as a body, for my work or for this report.
RESPONSIBILITIES AND BASIS OF REPORT
As the Trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
I report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act 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 2011 Act.
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MAOZ UK
INDEPENDENT EXAMINER'S REPORT (continued) for the year ended 31 December 2023
INDEPENDENT EXAMINER'S STATEMENT
Since the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of ICAEW, which is one of the listed bodies.
Your attention is drawn to the fact that the charity has prepared the accounts in accordance with 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) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.
I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I can confirm that no 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 charity as required by section 130 of the 2011 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:
Dated: 24 October 2024
P M Landergan F C A
For Landergan & Co Ltd 26 Burney Street London SE10 8EX
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