REGISTERED CHARITY NUMBER: 1117030 MATAN BESEISER KIRYAT-SEFER BEIS ARON REPORT OFTHE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED I JANUARY 2023 Atkinsons Bloom Mayer Cobalt Business Exchange Cobalt Park Way Wallsend NE28 9NZ MATAN BESEISER KIRYAT-SEFEft BEIS ARON INDEX TO THE FINANCIAISTATEMENTS FOR THE YEAR ENDED I JANUARY 2023 Page Legal and Administrative Details Trustees. Report Independent Examinerfs Report Statement of Financial Activities Balance Sheet Notes to the Financial Statement5 MATAN BESEISER KIRYAT-SEFER BEIS ARON LEGAL AND ADMINISTrATIVE DETAIiS AT I JANUARY 2023 Trustees Mr M C Merel Mrs 8Z Merel Mrs Rorzel Address 32 St Albans Terrace Gateshead Tyne and Wear NE84HA Legal Status The charity was established by constitution dated 2 November 2CIJ6 and is registered with the Charities Commi55ion- Registration Number 1117030. Independent Examiner Atkinsons Bloom Mayer Cobalt Business Exchange Cobalt Park Way Wallsersd Newcastle-upon-Tyne NE28 9NZ Bankers Lloyds Bank High Street Gateshead Tyne & Wear NE8 18F MATAN BESEISER KIRYAT-SEFER BEIS ARON TRUSTEES. REPORT FOR THE YEAR ENDED I IANUARY 2023 The Trustee5 present their report together with the financial statements for the year ended l January 2023. The financial statements have been prepared in accordance with the accounting policies Set out in note I to the financial statements and comply with the charity's Trust Deed, the Charities Art 2011 and the Charities SORP IFRS1021 "Accounting and Reporting by Charities- Statement of Recommended Practice ' (effective l January 20151. REFERENCE AND ADMINISTRATIVE DETAIiS Reference and administrative detai15 are shown in the schedule of trustees and professional advisers on page l of the financial statements. STRUCTURE, GOVERNANCE AND MANAGEMENT Governlng Document The charity is governed by a trust deed dated 2 November 2￿)6. in which its objects are set out. Management Structure The trustees who served throughout the year were- Mrm Cmerel Mrs B Z Merel Mrs Rorzel There is no chief executive officer employed in the charity. The day to day affairs are undertaken bv the trustees who receive no remuneration. Risk Review The trustees have assessed the major risk5 to which the charity is exposed. and are satisfied that systems are in place to mitigate exposure to the major risks. Objectives and activwties The charity's objects are the advancement of education, and the relief of the poor, the feeble and the infirm. The charity disburses Erants and stipends with the above objects. Such disbur5ernents made during the year are as detailed in the accounts. The fund raising attivities have continued throughout the year to enable the charity to meet it5 objectives. The Trustees have considered the guidance from the Charity Commission on public benefit, and in particular the specific guidance for charities for the advancement of religion, and believe that these activities ensure that the charity complies with this guidance. MATAN BESEISER KIRYAT-SEFER BEIS ARON TRUSTEES, REPORT ICONT.) FOR THE YEAR ENDED I JANUARY 2023 ACHIEVEMENTS AND PERFORhlANCE Results for the year In the year ended l January 2023 the charity procured donations of £51,98412022- £54,165). The overall level of disbursements for charitable activitles was £38.88612022.' £60,138). Detailed information about the nature of these grants is provided in note 2 to the financial statements. The charity continues to maintain tight controls over its costs whilst maintaining efficiency total non-grant costs being only 2% of total expenditure. There were no investments made during the year. The trustees consider the financial performance by the charity during the year to have been satisfactory. Reserves Policy It is the policy of the charity to maintain unrestrirted funds at a level sufficient to cover unforeseen and major expenditure and shortfalls in incorne. The trustees remain confident of their ability to raise the necessary fund5. thereby adhering to the stated policy and to the maintenance of a balanced budget. AIMS FOR THE FUTURE The aim of the trustees is to continue the attivities outlined above, in a similar efFicient structure. in order to continue to achieve the chariWs objects. STATEMENT OF TRU5fEES' RESPONSIBIUMES Charity law require5 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 financial activities for that period, together with its assets and liabilities at the end of the period. and adequately distinguish any material special trust or othef restricted fund of the Charity. In preparing those financial statements the trustees are required to.. lal Select suitable accounting policies and then apply them consistently- Ibl Make judgements and estimates that are reasonable and prudent. Icl State whether the policies adopted are in accordance with the appropriate Statements of Recommended Prartice on Accounting by Charities and the Accounting Regulations and with applicable Accounting Standards, subject to any material departures disdosed and explained in the financial statements- and Idl Prepare the financial statements on the going concern basis unless it is inappropriate to assume 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 posltion of the Charity and enable them to ensure that the financial Statements comply with applicable Accounting Standards and 5tstements of Recommended Practice and the regsjlations of the Charities Att 2011. They are also responsible for safeguarding the a55et5 of the Charity and hence for taking reasonable steps for the prevention and detection of fraud or other irregularities. Approved by the trustees and signed on its behalf-_ M C Merel- Trustee Date- 6 November 2023 MATAN BESEISER KIRYAT-SEFER BEIS ARON INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MATAN BESEISER KIRYAT-SEFER BEIS ARON FOR THE YEAR ENDED IJANUARY 2023 I report on the Financial Statement5 of the Charity for the year ended l January 2023 which are set out on pages 5 to 8. Respective responsibilities of trustees and examiner The charity's trustee5 are responsible for the preparation of the accounts. The charity's trustee5 consider that an audit is not required for thi5 year (under section 144121 of the Charities Act 2011 (the Act), and that an independent examination is needed. Having satisfied myself that an audit is not reqUI￿d and is eligible for independent examination. it 15 my responsibility to= examine the accounts (under section 14511llal of the 2011 Actl,- to follow the pr¢xedures laid down in the General Directions given by the Charity Commission (under section 145151 of the 2011 Act). and to Stète whether particular matters have come to my attention. Basls of independent exarninerfs report My examination was carried out in accordance with the General Directions given by the Charity Commissioners. 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 irs the accounts. and seeking explanations from you as 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 viev/ and the report is limited to those matters set out in the statement below. Independent examinef s statement In connection with my examination, no matter ha5 come to my attention: which gives me reasonable cause to believe that, in any material respect, the requirements-. (al to keep accounting records in accordance with S130 of the 2011 Act.. and Ibl to prepare accounts which accord with the accounting records and to comply with the methods and princi￿eS of the Accounting and Reporting by Ch3rities.. Statement of Recomrnended Practice have not been met- or to which. in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. M J Bloom Atkinsons Bloom Mayer 6 November 2023 MATAN BESEISER KIRYAT-SEFER BEIS ARON STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED I JANUARY 2023 2023 2022 INCOMING RESOURCES Incomlng resources from generated funds Voluntary income Unrestricted donations 51,984 54,165 RESOURCES EXPENDED Costs of generating hjnds Charitable artivltles 38,886 60.138 Governance Costs 636 600 TOTAL RESOURCES EXPENDED 39.522 60,738 NET IOUTGOINGI I INCOMING RESOURCES 12,462 16,5731 RECONCIUATION OF FUNDS Fund balance5 brought forward at Z January 2022 23.425 29.998 FUND BALANCES CARRIED FORWARD AT I JANUARY 2023 35,887 23.425 The note5 on pages 7 to 8 form part of these financial statements MATAN 8ESEISER KIRYAT-SEFER BEIS ARON BALANCE SHEET AT I JANUARY 2023 2023 2022 Notes CURRENT ASSETS Cash at bank and in hand 36.523 25,576 CREOITORS Amounts falling due within orEe year 16361 12,1511 NET CURRENT ASSErs 35,887 23,425 FUNDS Unrestricted Funds 35,887 23,425 These financial statements were approved by the trustees ortr 6 November 2023 and are 518ned on their behalf by: M C Merel Trustee The notes on pages 7 to 8 fomi part of these financial statements MATAN BESEISER KIRYAT-SEFER BEIS ARON NOTES TO THE FINANCIAL STATEMENTS FOR TH£ YEAR ENDED I JANUARY 2023 l. Accounting Policies The financial statements have been prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards. the Charities SORP IFRS1021 "Accounting and Reporting by Charities= Statement of Recommended Practice ' (effective l January 20151 and the Charities Act 2011. al Incorning Resources Gifts and donations to the charity are recognised as income at the date of receipt. Income tax recoverable on gift-aided donations is recognised as receivable at the date of re￿Ipt of the original gift or donation irrespective of when the income tax was actually received. bl Expenditure All expenditure is accounted for on an accruals basis. Charitable expenditure includes all expenditure dirertly related to the objects of the charity in accordance with the SORP. The charity is not VAT registered and expenditure is shown gross of irrecoverable VAT. Stipends paid to individua15 to support their studies, grants to educational establishments for the elderly, and gifts to the needy are recognised at the date of actual payment. Costs of Generating Funds are those costs directly associated with fundraising. Governance Costs are those costs associated in compliance with statutory and constitutional requirements. Support Costs are general cost5 which have been incurred in order that the charity can operate effectively. c) Fund Accountlng Unrestricted funds ère available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity. MATAN BESE15ER KIRYAT-SEFER BEIS ARON NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED I JANUARY 2023 2023 2022 2. Charitable activities Grant Funding from unrestrirted funds Grants for education of the elderly Grants to the needy Stipends to support individual student5 3,515 19,370 15,817 38,702 184 10,770 30,385 18,785 59,940 198 60,138 Support Costs 38.886 3. Governance costs Accounting fee for independent examination Current period 636 600 4. Creditor5 Accruals Sundry creditors 636 600 1,551 2.151 636 5. Trustees remuneration and expenses The trustees received no remuneration or reimbursement of expenses during the year.