## **British Friends of Mishan L'Choleh**
## **Annual Report and Financial Statements**
**For year ended 31 March 2024**
**Charity Number 1112558**
**Whiteside and Davies**
**Chartered Certified Accountants** 158 Cromwell Road Salford M6 6DE
**British Friends of Mishan L'choleh** Charity Commission Number 1112558 Financial Statements For Year Ended 31 March 2024
Page 2
## **Contents**
|Charity Information
Report of The Trustees
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
Notes forming part of the financial statements|**Page**|
|---|---|
||3
4 - 5
6
7
8
9|
Page 3
## **British Friends of Mishan L'choleh** Charity Commission Number 1112558 Financial Statements For Year Ended 31 March 2024
## **Charity Information**
## **Board of Trustees**
Mr Y Cohen Mr M Zwiebel Mr A Shprecher Mr Yehuda Wosner
## **Administration Address**
1 Canarvon Street Salford Manchester M7 4QH
## **Charity Number**
1112558
## **Independent Examiner**
David Pollak Whiteside & Davies Accountants 158 Cromwell Road Salford M6 6DE
Page 4
## **British Friends of Mishan L'choleh** Charity Commission Number 1112558 Financial Statements For Year Ended 31 March 2024
## **Report of the Trustees**
## **Status and Administration**
The Charity constituted by trust deed, dated 11th May 2005 amended 11th December 2005 , and is a registered charity.
## **Trustees**
The Trustees in office throughout the year were Mr Y Wosner,Mr Y Cohen Mr M Zwiebel and Mr Aron Shprecher.
No trustee nor any person connected with them received any remuneration during the year.
## **Charitable Objects**
The objects of the charity are:
The relief of poverty amongst persons in need and hardship in particular but not exclusively in the Jewish Community, the advancement of education according to the beliefs and values of the orthodox Jewish faith and the advancement of the Jewish orthodox religion.
The charity raises funds in the UK to make grants to both individuals and organisations.
In particular the Mishan L'Choleh institution in Israel. Further details of this institution can be found on their website https://mishan.co/
The Charity is committed to the aim of providing public benefit and the Trustees have considered the Charity Commission's published guidance on public benefit.
## **Donations received**
Donations received during the year amount to £128,510 (2023: £117,161).The trustees made use of the reserves to cover its costs and grants paid.
## **Grants and Donations**
We are proud to state that the funds are being utilized to provide maximum benefit possible to as many beneficiaries as possible.
## **Reserves Policy**
The trustees retain reserves as necessary and where appropriate, consolidate funds in order to make more substantial grants which they feel to be appropriate.
## **Financial review**
The trustees feel that the activity and surplus reflects the increased profile and standing within the local community. The impact for future years' expenditure is self evident and the trustees would like to record their appreciation for all the financial support received from benefactors during the course of the year.
During the year the charity distributed £122,703 in donations.
|Mishan Le Choleh
Other charities|122,000
703|
|---|---|
||**122,703**|
**British Friends of Mishan L'choleh** Charity Commission Number 1112558 Financial Statements For Year Ended 31 March 2024
Page 5
## **Report of the Trustees (continued)**
## **Risk Management**
The process of examining the risks to which the Charity is exposed is ongoing and the trustees are planning to further develop systems to monitor and control these risks in order to lessen their potential impact on the Charity
## **Responsibilities of the Trustees**
Charity Law 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 as at the Balance Sheet Date, and of its incoming resources, including income and expenditure for the financial year.
In preparing those financial statements, the Trustees should follow best practice and
- a. Select suitable accounting policies and apply them consistently.
- b. Make judgments and estimates that are reasonable and prudent.
- c. Follow applicable accounting standards and the Charities SORP, disclosing and explaining any departures in the financial statements.
- d. Prepare the financial statements on the going concern basis unless it is inappropriate to assume that the charity will continue in operation.
The Trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them as Trustees to ensure that the financial statements comply with the Charity Law.
The Trustees are also responsible for safeguarding the charity's assets and hence for taking reasonable steps for the prevention and detection of fraud and other regularities.
Approved by The Trustees on 28 January 2025
Y Wosner
Page 6
## **British Friends of Mishan L'choleh** Charity Commission Number 1112558 Financial Statements For Year Ended 31 March 2024
## **Independent Examiner's Report to the Trustees**
I report on the financial statements of British Friends of Mishan L'Choleh for the year ended 31 March 2024
## **Respective Responsibilities of Governors and Examiner**
The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144, 145 and 145(5) of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.
## It is my responsibility to:
- examine the accounts under section 145 of the Charities Act,
- to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and
- to state whether particular matters have come to my attention.
## **Basis of Independent Examiner's Report**
My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.
In connection with my examination, no matter has come to my attention;
1. which gives me reasonable cause to believe that in, any material respect, the requirements:
- to keep accounting records in accordance with section 130 of the Charities Act; and
- to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act
have not been met; or
2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
David Pollak Whiteside and Davies Chartered Certified Accountants 158 Cromwell Road Salford M6 6DE
**British Friends of Mishan L'choleh** Charity Commission Number 1112558 Financial Statements
Page 7
## For Year Ended 31 March 2024
## **Statement of Financial Activities**
|**Incoming Resources**
Donations received
**Net incoming resources available**
**for charitable application**
**_Less:_**
**Charitable expenditure**
_Cost of Activities In Furtherance_
_of the Charity's Objects_
Charitable donations
Card machine renrtals
Printing
Wage
Repair
Advertising
Governance
Bank charges and interest
**Reconciliation of funds**
Net (deficit) / surplus for the year
Total funds brought forward
**Total funds carried forward**|_Notes_
_3_|_Unrestricted_
_funds_
_£_
128,510
128,510
128,510
122,703
909
2,745
800
517
1,162
1,020
81
129,937
(1,427)
(454)
(1,881)|**_2024_**
**_Total_**
**_£_**
**128,510**
**128,510**
**128,510**
**122,703**
**909**
**2,745**
**800**
**517**
**1,162**
**1,020**
**81**
**129,937**
**(1,427)**
**(454)**
**(1,881)**|_2023_
_Total_
_£_
117,161|
|---|---|---|---|---|
|||||117,161
117,161
113,414
971
245
0
0
343
1,020
66|
|||||116,059
1,102
(1,556)|
|||||(454)|
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The attached notes form part of these accounts.
**British Friends of Mishan L'choleh**
Page 8
## Charity Commission Number 1112558 Financial Statements
## For Year Ended 31 March 2024
## **Balance Sheet At 31 March 2024**
||_Notes_|**_2024_**|**_2024_**|_2023_|_2023_|
|---|---|---|---|---|---|
|||**_£_**|**_£_**|_£_|_£_|
|**Current Assets**||||||
|Cash at Bank||**89**||1,516||
|||**89**||1,516||
|**Current Liabilities**||||||
|Accruals|_4_|**(1,970)**||(1,970)||
|||**(1,970)**||(1,970)||
||||**(1,881)**||(454)|
|||||||
|Net current liabilities|||**(1,881)**||(454)|
|**Net Assets**||||||
|Unrestricted|||**(1,881)**||281|
|**Accumulated Funds**|||**(1,881)**||281|
Approved by the Trustees on 28 January 2025 and signed on behalf of them all.
Trustee Y Wosner
The attached notes form part of these accounts.
Page 9
## **British Friends of Mishan L'choleh** Charity Commission Number 1112558 Financial Statements For Year Ended 31 March 2024
## **Notes To The Accounts**
## **1) Principal Accounting Policies** Basis of Accounting
These financial statements have been prepared in compliance with FRS 102, 'The 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 effective 1 January 2015).
## Cash Flow
The accounts do not include a cashflow statement because the charity is a small reporting entity and is exempt from the requirement to prepare such a statement.
## Donations and Fund Accounting
Donations and Grants for activities restricted by the donors are taken to restricted funds if the wishes and conditions of the donor are legally binding on the Trustees.
## Resources Expended
Resources expended are accounted for on an accruals basis. Certain expenditure is apportioned to cost categories based on estimated amount attributable to that activity in the year. These estimates are based on the time and level of activity as appropriate.
Management and administration costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.
The irrecoverable element of VAT is included with the item of expense to which it relates.
## **2) Taxation**
The Charitable organisation is exempt from taxation on its charitable activities.
|**3) Governance**
**Independent Examiner fee**
Fees payable to the independent examiner for:
independent examination of the financial statements
**4) Creditors**
Accruals
Other creditors||**_£_**
**_2024_**
**1,020**
**1,170**
**800**
**1,970**|_£_
_2023_|
|---|---|---|---|
||||1,020|
||||1,170
800|
||||1,970|
## **5) Charitable Donations**
All charitable donations were distributed to beneficiaries who required help during the year.
## **6) Share investment in new company**
The charity has 100% shareholding in Shvartz Estates