CHAIUTY REGISTRATION NUMBER: 1101793 FRIENDS OF MOSDOS BELZ MACHNOVKA Unaudited FinanciY41 Statements For the year ended 31 March 2025 COHEN ARNOLD CHARTERED ACCOUNTANTS LONDON NWI I OPU FRIENDS OF MOSDOS BELZ MACHNOVKA Finaneial Statements Year ended 31 March 2025 PAGES Trustees, Annual Report Ito2 Indep¢ndent examinds report to the trustees Statement of Financial Activities Statement of Financial Position Notes to the Financial Statements 6t09 FRIENDS OF MOSDOS BELZ MACHNOVKA Trustees, Annual Report Year ended 31 March 2025 The trustees present their report and the unaudited financial statements of the charity for the year ended 31 March 2025. Reference and administrative details Registered charity name Charity registration number Principal oifiee Friends of Mosdos Belz Machnovka 1101793 136 Clapton Common London E5 9AR The Trustees Mr E Englander {Chainnan) Mr J Lipschitz Mr B Bard Mr J L Weiss Mr Y Schreib¢r MrDEBard (Appointed 18 February 2025) (Appointed 18 February 2025) Independenl Examiner Asher Sternlicht FCA Cohen Arnold Chartered Accountants New Burlington House 1075 Finchley Road LONDON NWI I OPU Structureg governance aDd management Governing Document The organisation is governed by a Trust Deed dated 18 January 2004. Appointment and Recruitment of Trustees The Trustees administer the day-to-day affairs of the charity. Every Trustee holds olTice until helshe shall die or shall cease to hold office by virtue of the Trust Deed. None of the trustees have any ben¢ficial interest in th¢ charity. Where there is a requirement for new Trustees, these would be identified and appointed by the remaining Trustecs. The Chainnan of the Trustees would be responsible for the induction of any new TNstce. which involves awarcness of a Trustee's responsibilities, the govcrning document, administrative procedures, the history and philosophical approach of the Charity. A new Trustee would receive copies of the previous year's annual report and accounts with detailed explanation thereof. Risk Management The trustees have identified and reviewed the major risks to which the Charlty is exposed, in particular those related to the operations and fjnance of the Charity, and are satisfied that systems are in plac¢ to mitigate those risks. It is recognised that systems can only provide reasonable but not absolute assurance that major risks have been adequately managed. FRIENDS OF MOSDOS BELZ MACHNOVKA Trustees, Annual Report feoMIIMued) Year ended 31 March 2025 Objectives and activities The Charity is established to further those purposes both in the United Kingdom and abroad recognised as charitable by English Law. Pursuant to the objects and having regard to the guidance of the Charity Commission relating to Public Benefit, the Trustees raise funds in support of Belz Machnovka Institutions in Israel. Grant Making Policy The Trustees are approached for donations by a wide variety of charitable institutions operating in the United Kingdom and abroad. The Trustees consider all requests which they ￿ceIve and make donations based on the level of funds available. Grants and donations in the year totall¢d £207,000 (2024: £296,000). FiDaneial review Income from investments and donations aggregated £205,453. Total resources expended were £210,4 I I resulting in a net deficit of £4,958. The Charity's Statement of Financial Activities shows a net deficit of £4,958 (2024.. £84,867 deficit) and total reserves of £1,587 (2024.. £6,545). The financial results of the Charity's activities for the year to 31 March 2025 are fully refiected in the attached Financial Statements together with the Notes thereon. Reserves Policy The Reserves Policy of the Trustees is to maintain unrestricted funds, which are the free reserves of the Charity, at a level they consider appropriate to the Charity's needs taking into account likely future requirements. Plans for future periods The Trustees plan to continue making distributions in accordance with their grant-making policy and to ensure that the ability to generate sufficient income is maintained to achieve that end. The trustees, annual report was approved on ÈLSfvvw.94S and signed on behalf of the board of trustees by: Mr E Englander Trustee FIUENDS OF MOSDOS BELZ MACHNOVKA Independent Examiner's Report to the Trustees of Friends of Mosdos Belz Machnovka Year ended 31 March 2025 I report to the trust¢¢s on My examination of the financial statements of Friends of Mosdos Belz Machnovka ('the charity,) for the year ended 31 March 2025. RESPONSIBILITIES AND BASIS OF REPORT As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 {'the Act,). I report in respect of my examination of the charity's financial statements Ca￿led out under section 145 of the 201 l Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5Xb) of the Act. INDEPENDENT EXAMINER'S STATEMENT I have completed my examination. I confirnl 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 resp¢ct of the charity as required by section 130 of the the financial statements do not accord with those records. or the financial statements do not comply with the applicable requirements concerning the forn] 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 fairf 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. Asher Sternliclit FCA Independent examin¢r COHEN ARNOLD Chartered Accountants New Burlington House 1075 Finchley Road LONDON NWII OPU Date: 2026 FRIENDS OF MOSDOS BELZ MACHNOVKA Statement of Financial Activities 31 March 2025 2025 Unrestricted funds Total funds Total funds 2024 Note Income and endowments Donations and legacies Investment income 205,256 197 205256 197 218.311 781 Total income 205.453 205,453 219.092 Expenditure Expenditure on charitable activities Total expenditure 5ffj 210,41 I 210,411 303,959 303,959 210.411 210,411 Net expenditure and net movement in funds (4.958) (4,958) (84,867) Reconciliation of funds Total funds brought forward Total funds Carried forward 6,545 1,587 6,54S 1,587 91,412 6,545 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The notes on pages 6 to 9 Corm part of these financial ststements. FRIENDS OF MOSDOS BELZ MACHNOVKA Statement of Financi21 Position 31 Marcb 2025 2025 2024 Current assets Cash at bank 7J77 9,395 Creditors: amounts falling due within one year Net eurrent assets 12 (5,790) (2.850) 1,587 6,545 6,545 6,545 Totsl assets less current liabilities 1,587 Net assets 1587 Funds of the charity Unrestricted fvnds 1,587 1.587 6.545 Total charity funds 13 6,545 These finan ial statements were approved by the board of trustees and authorised for issue on y. 5tsfrand are signed on behalf of the board by: Mr E Eiig Trustee ander The notes on pages 6 to 9 form part of these financial statements. FRIENDS OF MOSDOS BELZ MACHNOVKA Notes to the Financial Statements Year ended 31 March 2025 General information The charity is registered charity in England and Wales and is unincorporated. The address of the principal office is 136 Clapton Common, London, E5 9AR. Statement of compliance These financial statements have been prepared in compliance with FRS 102, 'Th¢ Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the 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) (Charities SORP (FRS 102)) and the Charities Act 2011. Accounting policies Basis of preparation The financial statements have been prepared on the historical cost basis, as modified by the r¢valuation of certain financial assets and liabilities measured at fair value through income or expenditure. The financial statements are prepared in sterling, which is the functional currency of the entity. Judgements and key sources of estimation uneertaiDty The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Fund accounting General unrestricted funds comprise the accumulated surplus or deficit on income and expenditure account. They are avai lable for use at the discretion of the trust¢¢s in furtherance of the general objectives of the charity. Restricted funds are funds subject to specific restricted conditions imposed by donors. There ar¢ no restricted funds as at the Balance Sheet date. Designated funds are funds which have been set aside at the discretion of the trustees for specific purposes. There are no designated funds as at the Balance Sheet date. Incoming resources All incoTning resources are included in the statement of financial activities when entitlement has passed to the charity. it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income: income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. legacy income is recognised when receipt As probable and entitlement is established. income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. FRIENDS OF MOSDOS BELZ MACHNOVKA Notes to the Financial Statements (continued) Year ended 31 March 2025 Accounting policies (continued) Incoming resources (conÉinued) income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted. Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates: expenditure on raising funds includes the costs of all fundraising activities, events, non- charitable trading activities, and the sale of donated goods. expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, incliiding those support costs and costs relating to the governance of the charity apportioned to charitable activities. other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis. Taxation The Charity is not liable to direct taxation (income tax) on its income as it falls within the various exemptions available to registered Charities. Flnancial instruments A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments ar¢ initially recognised at the amount receivable or payable including any related transaction costs, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of inter¢st for a similar debt instrument. Current assets and current liabilities are subsequently measured at the cash or other Consideration expected to be paid or received and not discounted. Debt instruments are subsequently measured at amortised cost. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairnient at the end of each reporting date. If there is objective evidence of impairn]ent, an impairnient loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised. Any reversals of impainnent are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impaim]ent not previously been recognised. FRIENDS OF MOSDOS BELZ MACHNOVKA Notes to the Financial Statements (continued) Year ended 31 March 2025 Donations and legacies Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Donations Donations 205.256 205,256 218,311 218,311 Expenditure on charitable activities by fund type Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Donations Paid Support and governance costs 207.000 3,411 207,000 3,411 296,000 7,959 296,000 7,959 210,411 210,411 303,959 303,959 Expenditure on charitydble actlvities by activlty type Grant Support & funding of governance TotAI funds Total funds activities costs 2025 2024 Donations Paid Governance costs (Note 8) 207,000 207,000 3,411 296,000 7,959 3,411 207,000 3,411 210,411 303,959 Analysis of grants 2025 2024 Grants to institutlons Donations Paid 207,000 207,000 296,000 Total grants 296,000 All donations were made to charities whose objectives are in line with the objectives of the charity. The composition of donations is shown below. Mosdos Toras Aharon of Belz Machnivka Lomdci Torah 112,000 95,000 207.000 FRIENDS OF MOSDOS BELZ MACHNOVKA Notes to the Financial Statements (continued) Year ended 31 March 2025 Support and Governance Costs Support Total funds Total funds costs 2025 2024 Independent Examiner s Remuneration General Expenses 2,940 471 2,940 471 7,665 294 3.411 3,411 7.959 Independent examination fees 2025 2024 Fees payable to the independent examiner for: Independent examination of the financial statements 2,940 7,665 10. Staff costs No salaries or wages have been paid to employees during the year. No staff were employed by the charity during the reporting period. I l. Trustee remuneration and expenses No salaries or wages have been paid to employees, including the trustees, during the year. The charity did not meet any individual expenses incurred by the trustees for services provided to the charity. 12. Creditors: amounts falling due witbin one year 2025 2024 Other creditors £5,790 £2,850 13. Analysis of cbaritable funds Unrestrieted funds Atl April 2024 At31 March 2025 Income Expenditure General funds 6,545 205,453 (210,411) 1.587 Atl April 2023 At31 March 2024 Income Expenditure General funds 91,412 219,092 (303,959) 6,545 FRIENDS OF MOSDOS BELZ MACHNOVIL4 Notes to the FinanciAI Statements (eoKtlnued) Year ended 31 Mareh 2025 14. Analysis of net assets between funds Unrestricted Total Funds Funds 2025 Current assets Creditors less than one year 7,377 (5,790) 1.587 7J77 {5,790) 1,587 Net liabilities Unrestricted Total Funds Funds 2024 Current assets Creditors less than one year Net liabilities 9,395 (2,850) 6,545 9J95 (2,850) 6,545 15. Related parties During the year donations totalling £40,000 were received from Keren Association Limited, of which Mr E Englander, a Trustee of this Charity. is a Trustee. io