**Charity number: 1092699**
## **MITZVAH TANK SOCIETY**
## **UNAUDITED**
**TRUSTEES' REPORT AND FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 DECEMBER 2022**
## **MITZVAH TANK SOCIETY**
## **CONTENTS**
||Page|
|---|---|
|**Reference and administrative details of the Charity, its Trustees and advisers**|1|
|**Trustees' report**|2 - 3|
|**Independent examiner's report**|4|
|**Statement of financial activities**|5|
|**Balance sheet**|6|
|**Notes to the financial statements**|7 - 11|
**MITZVAH TANK SOCIETY**
## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2022**
|**Trustees**|Samuel Mahalla|
|---|---|
||Ronald Levy|
||Daniel Wolffe|
||Isaac Sufrin|
||Jonathan Abraham|
||Menahem Habib (appointed 9 November 2022)|
||Menachem Sudak (appointed 9 November 2022)|
||Menachem Jacobs (appointed 9 November 2022)|
|**Charity registered**
**number**
1092699
**Principal office**
34 Braydon Road
London
N16 6QB
**Accountants**
BG Mordfield FMAAT
11 Hurstdene Gardens
London
N15 6NA||
Page 1
**MITZVAH TANK SOCIETY**
## **TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2022**
The Trustees present their annual report together with the financial statements of the Mitzvah Tank Society for the year 1 January 2022 to 31 December 2022.
## **Objectives and activities**
## **Policies and objectives**
The Charity promotes awareness of the Jewish religion and culture via the use of a mobile-home known as a "Mitzvah Tank". The vehicle is equiped with religious and educational material and artefacts and travels to areas known to be suitable for this activity.
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
## **Achievements and performance**
## **Main achievements of the Charity**
During the year the Charity purchased a brand new vehicle - a Ford Autotrail motorhome. Meanwhile the existing Fiat motorhome is being hired out to a 3rd party.
## **Financial review**
## **Structure, governance and management**
## **Constitution**
Mitzvah Tank Society is a registered charity, number 1092699, and is constituted under a Constitution.
## **Methods of appointment or election of Trustees**
The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed.
Page 2
**MITZVAH TANK SOCIETY**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022**
## **Statement of Trustees' responsibilities**
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 its incoming resources and application of resources, including its income and expenditure, 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 of the Charities SORP (FRS 102);
- make judgments and accounting estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
- 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 adequate 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 Constitution. 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 members of the board of Trustees on 30 July 2023 and signed on their behalf by:
**Daniel Wolffe** Trustee
Page 3
**MITZVAH TANK SOCIETY**
## **INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2022**
## **Independent Examiner's Report to the Trustees of Mitzvah Tank Society ('the Charity')**
I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 December 2022.
## **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 the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent Examiner's Statement**
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 confirm that no 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 Charity as required by section 130 of the 2011 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.
Signed:
Dated: 30 July 2023
BG Mordfield FMAAT
11 Hurstdene Gardens London N15 6NA
Page 4
**MITZVAH TANK SOCIETY**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022**
|**Note**
**Income from:**
Donations and legacies
3
Charitable activities
4
**Total income**
**Expenditure on:**
Charitable activities
5
**Total expenditure**
**Net income/(expenditure)**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
Net movement in funds
**Total funds carried forward**|**Unrestricted**
**funds**
**2022**
**£**
**78,280**
**1,000**
**79,280**
**17,180**
**17,180**
**62,100**
**62,100**
**7,191**
**62,100**
**69,291**|**Total**
**funds**
**2022**
**£**
**78,280**
**1,000**
**79,280**
**17,180**
**17,180**
**62,100**
**62,100**
**7,191**
**62,100**
**69,291**|_Total_
_funds_
_2021_
_£_
_4,789_
_-_
_4,789_
_5,155_
_5,155_
_(366)_
_(366)_
_7,557_
_(366)_
_7,191_|
|---|---|---|---|
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 7 to 11 form part of these financial statements.
Page 5
## **MITZVAH TANK SOCIETY**
## **BALANCE SHEET AS AT 31 DECEMBER 2022**
|**Note**
**Fixed assets**
Tangible assets
6
**Current assets**
Cash at bank and in hand
**Net current assets**
**Total assets less current liabilities**
**Net assets excluding pension asset**
**Total net assets**
**Charity funds**
Restricted funds
Unrestricted funds
**Total funds**|**2,137**
**2,137**|**2022**
**£**
**67,154**
**67,154**
**2,137**
**69,291**
**69,291**
**69,291**
**-**
**69,291**
**69,291**|_1,101_
_1,101_|_2021_
_£_
_6,090_|
|---|---|---|---|---|
|||||_6,090_
_1,101_|
|||||_7,191_|
|||||_7,191_|
||||||
|||||_7,191_|
|||||_-_
_7,191_|
||||||
|||||_7,191_|
The financial statements were approved and authorised for issue by the Trustees on 30 July 2023 and signed on their behalf by:
## **Daniel Wolffe**
## Trustee
The notes on pages 7 to 11 form part of these financial statements.
Page 6
**MITZVAH TANK SOCIETY**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022**
## **1. General information**
The Charity's objects are to advance the Jewish religion and to advance education for the public benefit in the Jewish religion, tradition and culture.
## **2. Accounting policies**
## **2.1 Basis of preparation of financial statements**
The financial statements 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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
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 in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
Mitzvah Tank Society meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
## **2.2 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.
## **2.3 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.
## **2.4 Tangible fixed assets and depreciation**
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.
Page 7
## **MITZVAH TANK SOCIETY**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022**
## **2. Accounting policies (continued)**
## **2.4 Tangible fixed assets and depreciation (continued)**
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, .
Depreciation is provided on the following basis:
Motor vehicles - 5%
## **3. Income from donations and legacies**
|**Unrestricted**
**funds**
**2022**
**£**
Donations
78,280
_Unrestricted_
_funds_
_2021_
_£_
Donations
_4,789_|**Total**
**funds**
**2022**
**£**
**78,280**|
|---|---|
||_Total_
_funds_
_2021_
_£_
_4,789_|
## **4. Income from charitable activities**
||**Unrestricted**|**Total**|_Total_|
|---|---|---|---|
||**funds**|**funds**|_funds_|
||**2022**|**2022**|_2021_|
||**£**|**£**|_£_|
|Vehicle Hire|1,000|**1,000**|_-_|
Page 8
**MITZVAH TANK SOCIETY**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022**
## **5. Analysis of expenditure on charitable activities**
## **Summary by fund type**
|**Unrestricted**
**funds**
**2022**
**£**
Repairs and Service
1,953
Vehicle Tax
295
Insurance
2,079
Miscellaneous Expense
2,201
Depreciation of Vehicle
4,817
Legal and Professional Fees
4,050
Travel Expenses
1,785
17,180
_Unrestricted_
_funds_
_2021_
_£_
Repairs and Service
_976_
Vehicle Tax
_280_
Insurance
_1,350_
Miscellaneous Expense
_427_
Depreciation of Vehicle
_1,523_
Travel Expenses
_599_
_5,155_|**Total**
**2022**
**£**
**1,953**
**295**
**2,079**
**2,201**
**4,817**
**4,050**
**1,785**|
|---|---|
||**17,180**|
||_Total_
_2021_
_£_
_976_
_280_
_1,350_
_427_
_1,523_
_599_|
||_5,155_|
Page 9
**MITZVAH TANK SOCIETY**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022**
## **6. Tangible fixed assets**
|**Cost or valuation**
At 1 January 2022
Additions
At 31 December 2022
**Depreciation**
At 1 January 2022
Charge for the year
At 31 December 2022
**Net book value**
At 31 December 2022
_At 31 December 2021_|**Motor**
**vehicles**
**£**
**30,450**
**65,880**|
|---|---|
||**96,330**|
||**24,360**
**4,817**|
||**29,177**|
||**67,153**|
||_6,090_|
## **7. Analysis of net assets between funds Analysis of net assets between funds - current year**
|**Unrestricted**
**funds**
**2022**
**£**
Tangible fixed assets
67,154
Current assets
2,137
**Total**
69,291|**Total**
**funds**
**2022**
**£**
**67,154**
**2,137**
**69,291**|
|---|---|
Page 10
**MITZVAH TANK SOCIETY**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022**
## **7. Analysis of net assets between funds (continued)**
## **Analysis of net assets between funds - prior year**
|Tangible fixed assets
Current assets
**Total**|_Unrestricted_
_funds_
_2021_
_£_
_6,090_
_1,101_
_7,191_|_Total_
_funds_
_2021_
_£_
_6,090_
_1,101_|
|---|---|---|
|||_7,191_|
Page 11