Charity registratlon numbar 1112867 (England and Wales) MEJAAI CHARITABLE TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 MEJAAI CHARITABLE TRUST LEGALAND ADMINISTRATIVE INFORMATION Trustees Mr Michael Laurent van Messel Mrs Elizabeth van Messel Mr Phillip Ullmann Charlty number {England and Wales) 1112867 Prlncipal address 25 Highcroft Gardens London NW11 OLY Independent examiner Anthony Epslein FCA Paragon Partners Limited Churchill House 137- 139 Brent Street London NW4 4DJ MEJAAI CHARITABLE TRUST CONTENTS Page Trustees report Independent examiner's report Statemènt of financial activitles Balan￿ sheet Notes to the financial statements MEJAAI CHARITABLE TRUST TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The trustees present their report and accounts for the y8ar 8nded 31 December 2024. The financial statements hav8 been prepared in accordance with the accounting policles set out In note 1 to the financial statements and comply with the trust's governing document, the Charities Act 2011 and 'Accounting and Reporting by Charities- Ststement of Recommended Pra¢tice applicabl8 lo charities pr8paring their accounts in accordance with the Financial Reporting Standard applirAble in the UK and Republic of Ireland {FRS 102) (8ffective 1 January 2019)". Objectives and activities The trust's objectives are the advanc8m8rit and furtherance of the Jewish religion and Jewlsh r81igious education and the alleviation of poverty among the Jewish communty throughout Ihe worfd and there has been no change in these during the year. In addition, the trust may provid8 more general donations in support of other charltable activities in compliance with English law. The trustees have paid due regard to gLtidance issued by the Charity Commission in deciding what activities the trust shoukl undertake. Achievemènts and performan¢• During the year the trust supported various charttabl8 objectives and the amount of donations made durlng the year amounted to £74,98912023 , £45,996>, Flnanclal rèvlew The statement of financial activities shows a nel surplus of £48.177 (2023 = £98.194) for the year. The trustees expect similar resulis in the coming year. It Is the policy of the trust that unr8Stricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and slx month's 8xpenditure. The trustees consider that reserves at this level will ensure that, in the event of a signlficant drop in funding. they will b8 able to cantinue the trust's currant activiti8s while consideration is given lo ways in which additional funds may be raised. This level of res8rv8S has been maintained throughout the y8ar. The trustees have assessed the major risks to whlch the trust is exposed. and ar8 satisfied that systems are in place to mitigale exposure to the major risks. Structure, governance and management The trust was established by a charitsble trust deed on 14 December 2005. The trustees who served during the year and up to the date of 8ignatur8 of the financial statements were.. Mr Michael Laurent van Messel Mrs Elizabelh van Mess81 Mr Phillip Ullmann Appointment of trustees is govemed by the Trust Deed of the ¢haiity. Thel Stees report was approved by the Board of Trust8es. Mr Michael Laurent van Messel Trustee 16 October 2025 MEJAAI CHARITABLE TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MEJAAI CHARITABLE TRUST I report to the trustees on my examination of the financial stslements of Mejaai Charitable Trust (th8 trust) for the year ended 31 DeGember 2024, Responslbllltles and basls of report As Ihe trustees of the trust you are responsible for tha pr8paration Df the ffinancial slatemenls in accordance wilh the requirements of the Chatities Act 2011. I report in respect of my examinatlon of the trust's financial stat8ments carried out under section 145 of th8 Charities Act 2011. In carrying out my examlnation I have followed th8 Directions given by the Charity Commlssion under section 145(5)Ib} Of the Charities Act 2011. Independent examinevs slatement I have completed my 8xaminalion. I confirm that no matters havè com8 to my attention in conneclion with the examlnation glving m8 cause to believe that in any material respect: aGGounting records were not k&pt in respect of the trusl as required by section 130 of the Charities Act 2011. the financial staternents do not accord with those records.. or the financial stal8ments do not comply with Ihe applicable requirements concerning the forrn and content of financial stateménts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statemants give a true and fair view, which is not a matter considered as part of an independent examination. I have no concerns and have com8 across no other matters in connection with the examination to which attention should be drawn in Ihis report in order to enable a proper understanding of the financial statements to be reached. Antho Epstein FCA Paragon Partners Limited Churchill House 137- 139 Brent Street London NW4 4DJ 16 October 2025 MEJAAI CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Unrestricted Unrestri¢ted funds funds 2024 2023 Notss Income from: Donations and legacies Investments 26,380 27,054 83.610 28,679 Total income 53.434 112,289 Ex nditure on.. Charitable activities 75.665 46,584 Net gainsl{losses) on investments 70,408 32,489 Net movemenl In fvnds 48,177 98,194 Fund balances at 1 January 2024 648.069 549,875 Fund balances at 31 December 2024 696,246 648.069 The statement of financlal activities includes all galns and losses recognised in the y8ar. Th8 Stat8ment of financial activi.ties includes all gains and1055es recognlsed in the year. All incom8 and expenditure derive from continuing activiti8S. MEJAAI CHARITABLE TRUST BALANCE SHEET AS AT 31 DECEMBER 2024 2024 2023 Notes Fixed assets Investments 10 580,277 538,941 Current assets Cash at bank and in hand 115.969 109,128 Net current assets 115,969 109.128 Total assots loss current liabilities 696.246 648.069 Tho funds of the trust Unrestricted funds 11 696,246 648.069 696.246 648,069 ncial stslements were approved by the trustees on 16 October 2025 Mr Michael Laurent van Messel Trustee MEJAAI CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policies Charity inforniatlon Mejaai Charitable Trust is an inGorporaied Charity established by a charitable trLJSt deed on 14 December 2005. 1.1 Accounting convention The financial statsmenls have been prepared in accordance with the Irust's governing document. the Charities Act 2011. FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP 'Accounting and Reporting by Charities: Statement of Recommended Practi￿ applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102)". The trust is a Public Benefit Entity as defin8d by FRS 102. The trust has taken advantsge of the provisions in the SORP for charities nol lo prepare a statement of cash flows. The financial slatém8nts are prepared in sterling. which is the functional currency of the trust. Monetary amounts In these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are sat out below. 1.2 Going concern Al the time of approving the financial slatemenls. the trustees have a reasonable expectation that the trust has adequate resources lo continue in operational existen￿ for the foreseeable future. Thus the trustees continue to adopt the going concem basis of accounting in preparing the financial statements. 1.3 Charitable funds Unrestricted funds are available for use at the discr8tion of the trustees in furtherance of their charitable obj8Ctives. 1.4 Income Income is recognised when the trust is legally entitled to it after any performance conditions have been mel, the amounts can be m8asur8d reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the trust has been notified of the donation, unless performance conditions require deferral of the amount. Ino)ma tax recoverabl8 in relation lo donations received under Gift Aid or deeds of covenant is re¢ogni5ed at the lime of the donation. 1.5 Expenditure Resources expande(J are included in the financial ststemenls as they become due. 1.6 Fixed asset investments Fixed asset inv8slm8nts are initially measured at transaction priGe excluding transadion costs, and are subsequently measured at fair valu8 at each reporting dat8. Changes in fair value are recognised in net ncomellexpenditure) for the year. Transadion costs ar8 8XP8nsed as incurred. 1.7 Cash and cash equivalents Cash and cash equivalents include cash In hand. deposits held at call with banks, other short-term liquid investments with original maturilies of three months or less, and bank overdrats. Bank overdrafts are shown within borrowings in cutrent liabilities. MEJAAI CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accountlng policies (Contlnued) Basic financial assets Basic financial assets, which include debtors and cash and bank balances, are inilialty measured al transaotion price Including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a flnancing transaction, where the transaction is measured at the present value of the future reGeipts discounted al a market rate of Int8rest. Financial assets classrfi8d as receivable within one year are nol amorlised. Basic financial liabilities Basic financial liabilities, including creditors and bank loans a￿ initially recognised at transaction price unless the arrangemanl constitutes a financing transaction, where the debt instrument is measured at the p￿sent value of the future payments discounted at a market rat8 of interest. Financial liabilities classified as payable within one year are not amortised. Derecognltlon of financial liabilities Financial liabilities are derecognlsed when the trust's contractual obligations expire or are discharged or cancelled. Critical accountlng ostimates and judgements In the application of the IrusY5 accountlng policies, the trustees are requlred to mak8 judgements, 8Stimates and assumptions about the carying amount of assets and liabilities that are not readily apparent from other sources. The èstimates and associated assumptions are based on historical experience and other factors that are considered lo be relevant. Actual results may differ from these estimates. The estimates and underlying assumplions are reviewed on an ongoing basls. Revisions to accounting estimates are recognised in the period in which the eslirnale is revised where the revision affects only that period, or In the period of the revision and futura periods where Ihe revision affects both current and future periods, Income from dcnations and legacies Unrastricted ￿￿reStrICted funds funds 2024 2023 Donations and gifts 26,380 83.610 Investments Unrestrlcted Unrestrlcted funds funds 2024 2023 Interest and dividends recelvable 27,054 28,679 MEJAAI CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Expendlturo on charitable activities 2024 2023 Direct costs Donations Sundry exp8ns8S 74,989 676 45,996 588 75.665 46,584 Analysis by fund Unrestricted funds 75.665 46,584 Trusteos None of the trustees (or any person5 conneded with them) received any ramuneration during the year. Employ8es The aver8ge monthly number of employees during the year was- 2024 Numbar 2023 Number Total There were no èmployees whose annual remuneration wa5 more than £60.000. Net galnsl{losses) on investments Unrestrlcted Unr8Stricled funds funds 2024 2023 Revaluation of investments 70,408 32,489 Taxatlon The charity is 8X8mpt from tax on incom8 and gains falling within seclion 505 of the Taxes AGI 1988 or saction 252 of the Taxation of Chargèable Gains Act 1992 to the extent thal these are applied to its charitable objects. MEJAAI CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 10 Fixed asset investments Listed Investmenls Cost or valuation At 1 January 2024 Additions Valuation Changes Disposals 538,941 319,558 70,408 (348.630) Al 31 December 2024 580,277 Carrylng amount Al 31 December 2024 580,277 Al 31 December 2023 538,941 11 Unrestricted funds Th8 unrestricted funds of the charity comprise the unexpended balan￿$ of donatlons and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These Include designated funds which have bean set aside out of unrestricted funds by the trustees for specific purposès. At 1 January 2024 Incomlng resources Resources expended Galns and losses At31 December 2024 General funds 648,069 53,434 175,6651 70,408 696.246 Previous year: At 1 January 2023 Incoming Resources resources expended Galns and losses At31 December 2023 General funds 549,875 112,289 (46,584) 32,489 648,069 12 Related party transactlons There were no disclosable related party transactions during the year (2023 . non8).