**REGISTERED CHARITY NUMBER: 1110620**
## **MISGOV LADOCH**
**REPORT OF THE TRUSTEES AND**
**FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2022**
Sugarwhite Meyer HS Ltd First Floor 94 Stamford Hill London N16 6XS
**MISGOV LADOCH**
## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2022**
||**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||
|**Cash Flow Statement**|7||
|**Notes to the Cash Flow Statement**|8||
|**Notes to the Financial Statements**|9 to|12|
**MISGOV LADOCH**
## **REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 JULY 2022**
## **TRUSTEES**
**TRUSTEES** A Blonder C Goldfinger M Grunfeld F Kupeczyk (appointed 1.2.22) **PRINCIPAL ADDRESS** 23 Paget Road London N16 5ND **REGISTERED CHARITY** 1110620 **NUMBER**
**INDEPENDENT EXAMINER** Sugarwhite Meyer HS Ltd First Floor 94 Stamford Hill London N16 6XS
Page 1
## **MISGOV LADOCH**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2022**
The trustees present their report with the financial statements of the charity for the year ended 31 July 2022. 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 and aims**
The objects of the charity of the relief of poverty, the advancement of the Orthodox Jewish Religion and the advancement of Orthodox Jewish Religious Education. The charity carries out its objects by grantmaking. The trustees confirm that they have given due regard the Charity Commission's guidance on public benefit.
## **Grantmaking**
In general the trustees select the institutions to be supported according to their personal knowledge of work of the institution. Whilst not actively inviting applications, they are always prepared to accept any application which will be carefully considered and help given according to circumstances and funds then available. Applications by individuals must be accompanied by a letter of recommendation by the applicant's minister or other known religious leader.
## **ACHIEVEMENT AND PERFORMANCE**
## **Charitable activities**
The charity is reliant on voluntary income. Donations increased by about 21% and the trustees increased grantmaking by nearly 32%. The trustees are pleased with results of the year in which the helped many more individuals and families in need. The deficit for the year was funded from reserves held.
## **FINANCIAL REVIEW**
## **Reserves policy**
The trustees do not seek to maintain reserves, other than to ensure that they can continue the activities of the charity. Reserves at the year end were £32,626 (2021 - £52,259).
## **FUTURE PLANS**
The trustees anticipate that the charity will continue on a similar basis in the foreseeable future subject to satisfactory income and there are no plans for any major changes.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
## **Organisational structure**
The day-to-day affairs of the company are administered by the trustees. The power to appoint new trustees is vested in the board. New trustees are appointed based on personal competence, specialist skills and experience. They are inducted into the working of the charity by the current board and are given, in the view of the board, sufficient training to understand the nature of the charity and its working. They are also encouraged to read the Charity Commission's various publications on trustees.
## **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
## **MISGOV LADOCH**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2022**
## **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 5 September 2023 and signed on its behalf by:
A Blonder - Trustee
Page 3
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MISGOV LADOCH**
## **Independent examiner's report to the trustees of Misgov Ladoch**
I report to the charity trustees on my examination of the accounts of Misgov Ladoch (the Trust) for the year ended 31 July 2022.
## **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**
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
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 HS Ltd First Floor 94 Stamford Hill London N16 6XS
5 September 2023
Page 4
## **MISGOV LADOCH**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JULY 2022**
|**2022**
**Unrestricted**
**fund**
**Notes**
**£**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
603,105
**EXPENDITURE ON**
Raising funds
14,555
**Charitable activities**
2
Grantmaking
607,283
Support costs
900
**Total**
622,738
**NET INCOME/(EXPENDITURE)**
(19,633)
**RECONCILIATION OF FUNDS**
Total funds brought forward
52,259
**TOTAL FUNDS CARRIED FORWARD**
32,626|**2021**
**Total**
**funds**
**£**
499,120|
|---|---|
||12,198
460,803
720|
||473,721|
||25,399
26,860|
||52,259|
The notes form part of these financial statements
Page 5
## **MISGOV LADOCH**
## **BALANCE SHEET 31 JULY 2022**
|**Notes**
**CURRENT ASSETS**
Cash at bank
**CREDITORS**
Amounts falling due within one year
6
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**NET ASSETS**
**FUNDS**
7
Unrestricted funds
**TOTAL FUNDS**|**2022**
**Total**
**funds**
**£**
35,547
(2,921)
32,626
32,626
32,626
32,626
32,626|**2021**
**Total**
**funds**
**£**
54,599
(2,340)
52,259
52,259
52,259
52,259
52,259|
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 5 September 2023 and were signed on its behalf by:
A Blonder - Trustee
The notes form part of these financial statements
Page 6
## **MISGOV LADOCH**
## **CASH FLOW STATEMENT FOR THE YEAR ENDED 31 JULY 2022**
|**Notes**
**Cash flows from operating activities**
Cash generated from operations
1
Net cash (used in)/provided by operating activities
**Change in cash and cash equivalents**
**in the reporting period**
**Cash and cash equivalents at the**
**beginning of the reporting period**
**Cash and cash equivalents at the end**
**of the reporting period**|**2022**
**£**
(19,052)
(19,052)
(19,052)
54,599
35,547|**2021**
**£**
27,019|
|---|---|---|
|||27,019|
||||
|||27,019
27,580|
|||54,599|
The notes form part of these financial statements
Page 7
## **MISGOV LADOCH**
## **NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 JULY 2022**
## **1. RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES**
|**ACTIVITIES**|||
|---|---|---|
|**Net (expenditure)/income for the reporting period (as per the**
**Statement of Financial Activities)**
**Adjustments for:**
Increase in creditors
**Net cash (used in)/provided by operations**|**2022**
**£**
(19,633)
581
(19,052)|**2021**
**£**
25,399
1,620|
|||27,019|
## **2. ANALYSIS OF CHANGES IN NET FUNDS**
||**At 1.8.21**|**Cash flow**|**At 31.7.22**|
|---|---|---|---|
||**£**|**£**|**£**|
|**Net cash**||||
|Cash at bank|54,599|(19,052)|35,547|
||54,599|(19,052)|35,547|
|**Total**|54,599|(19,052)|35,547|
The notes form part of these financial statements
Page 8
**MISGOV LADOCH**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2022**
## **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. Income received by way of donations is accounted for when received.
## **Expenditure**
Liabilities are recognised in the year in which they are incurred and includes irrecoverable VAT which is reported as part of the expenditure to which it relates.
Grants are only recognised in the accounts when paid.
Raising funds comprise the costs incurred by the charitable company in inducing third parties to make voluntary contributions to it, as well as the cost of any activities with a fundraising purpose.
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. CHARITABLE ACTIVITIES COSTS**
|Grantmaking
Support costs|**Grant**
**funding of**
**activities**
**(see note**
**3)**
**£**
607,283
-
607,283|**Support**
**costs (see**
**note 4)**
**£**
-
900
900|**Totals**
**£**
607,283
900|
|---|---|---|---|
||||608,183|
Page 9
## **MISGOV LADOCH**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2022**
## **3. GRANTS PAYABLE**
|Grantmaking
The total grants paid to institutions during the year was as follows:
Relief of poverty
Advancement of education
Advancement of religion
The total grants paid to individuals during the year was as follows:
Relief of poverty
**SUPPORT COSTS**
Support costs
Support costs, included in the above, are as follows:
Independent examiner's fee
Independent examiner's other fees|**2022**
**2021**
**£**
**£**
607,283
460,803
**2022**
**2021**
**£**
**£**
19,962
-
8,378
-
4,302
-
32,642
-
**2022**
**2021**
**£**
**£**
574,641
460,803
**Governance**
**costs**
**£**
900
**2022**
**2021**
**Support**
**Total**
**costs**
**activities**
**£**
**£**
450
360
450
360
900
720|
|---|---|
## **4. SUPPORT COSTS**
## **5. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 July 2022 nor for the year ended 31 July 2021.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 July 2022 nor for the year ended 31 July 2021.
Page 10
## **MISGOV LADOCH**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2022**
|**6.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Other creditors
**7.**
**MOVEMENT IN FUNDS**
**At 1.8.21**
**£**
**Unrestricted funds**
General fund
52,259
**TOTAL FUNDS**
52,259
Net movement in funds, included in the above are as follows:
**Incoming**
**resources**
**£**
**Unrestricted funds**
General fund
603,105
**TOTAL FUNDS**
603,105
**Comparatives for movement in funds**
**At 1.8.20**
**£**
**Unrestricted funds**
General fund
26,860
**TOTAL FUNDS**
26,860
Comparative net movement in funds, included in the above are as follows:
**Incoming**
**resources**
**£**
**Unrestricted funds**
General fund
499,120
**TOTAL FUNDS**
499,120|**2022**
**2021**
**£**
**£**
2,921
2,340
**Net**
**movement**
**At**
**in funds**
**31.7.22**
**£**
**£**
(19,633)
32,626
(19,633)
32,626
**Resources**
**Movement**
**expended**
**in funds**
**£**
**£**
(622,738)
(19,633)
(622,738)
(19,633)
**Net**
**movement**
**At**
**in funds**
**31.7.21**
**£**
**£**
25,399
52,259
25,399
52,259
**Resources**
**Movement**
**expended**
**in funds**
**£**
**£**
(473,721)
25,399
(473,721)
25,399|
|---|---|
Page 11
## **MISGOV LADOCH**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2022**
## **8. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 July 2022.
Page 12