Charlty registration number 1123485 THE MOSU CHARITABLE TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 THE MOSU CHARITABLE TRUST LEGAL AND ADMINISTRATIVE INFORMATION Thistees Mr M R 8entata Mrs S Bentats Mr P Summerfield (Appointed 12 June 20241 Charlty number 1123485 Independent examlner GnJnber8 & Co Llmited 5 Technology Park Colindeep Lane Colindale London United Kingdom NW9 68X THE MOSU CHARITABLE TRUST CONTENTS Page Trustees report Independent examiner's report Statement of flnancbal activitie5 Statement of financial p051tion Note5 to the financial statements 7-11 THE MOSU CHARITABLE TRUST TRUSTEES REPORT FOR THE YEAR ENDED 5 APRIL 2024 The Trustees present their annual report and financlal statements for the Year ended 5 April 2024. The financlal statement5 have been prepared in accordance wlth the accounting policies set Dut In note I to the flnancial statements and comply with the Charity's governing document, the Charities Act 2011 and 'Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with thè Finantial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" (effective I lanLJary 20191. Oblectlves and attivltles The oblectlves as defined in our Trust Deed are.. l. To advance the education Of the public and advance the educatlon of ehildfen and young people at nurserles, schools, colleges and universltie5, by PTovidlng and assistln8 In the provision of facilitles not requlred to be provided by local education authoritie5 for education at such institutions. 2. To relieve sickne55, aSSlSt In the treatment and Care of people suffering from physical or mental Illness of any de5crlptlon or In need of rehabilitation a5 a result uf such illne55 and to prornote the preservation of the health of people. 3. To relieve finonclal hard5hlpi slcknes5 and poor health amongst elderly people. 4. To promote and advance the Jewish religion. 5. To further such other purposes whlch are charltable under the laws of England and Wales as the trv5tees in their dlscretion think flt. 6. To provide grants, gifts or financial a5SlStance for the purposes of furthering the objects of the charity to any per50n, fund, Instltution, foundation, corporate body or trust. Grantmakln8 Donatlons are 8lven out on the discretion of the trustees. Public benefit The Trustees have paid due regard to guldance Issued by the Charity Commlsslon In decldlng what actlvlties the Charlty should undertake. Achleyements and performance Slgniflcant actlvltles ond ¢7chievemen¢5 ogain5t oblectlves 024 2023 Spread a Smlle Ukralnian Catholic Burnel Unlverslty Fed of London Youth JCROSS Community Security Trust Avraharn Initiatives Heart Cells Foundation Imperial Health Charitv Magen David Adom IW3 World lewSsh Relief UK Jewish Film Shaare Zedek Tel Aviv University Youth Aliyah Rescue West London Synagogue Totals 250 1,000 400 loo 1,000 15,000 200,000 1,000 20,000 7,500 10,000 5,000 20,000 5,000 20,000 1,000 15,000 5,000 250 6,000 1,000 5,000 2,500 10,000 £298 750 £53 250 THE MOSU CHARITABLE TRUST TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 Flnanclal revlew During the the year, the Charlty received Income amountSn8 to £103,926 12023: Nil). The total expenditure was £55,625, 12023 £300,379). Reserwe5 poll¢v The trustees are pleased to advise that the Charity has sufficient fund5 to meet Its current and future obli8ations. Investment poll¢y and oblectlves Trustees believe that holding funds as bank deposlts are appropriate for Charity's objective Structurej Bovernance and manaiement Governlng document The charity is controlled by its governing document, a deed of trust formed on 1st March 2008 and constitutes an unlncorporated charity. The Trustees who served durlng the Year and up to the date of 518nature of the flnanclal statements were.. Mr M R Bentata Mrs S 8entata Mr J Bentata IRetired 12 June 20241 IAppolnted 12 June 20241 Mr P Summerfield Recrultment und oppointment of trustees There must be at least three trustee5. Apart from the first trustees, each trustee Is appolnted by a resolutlon of the trustees passed at a special meetln8 called under clause 15 of the deed. THE MOSU CHARITABLE TRUST TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 Other motters REFERENCE ANO ADMINISTRATIVE D￿AlL$ Re8lStered Charlty number 1123485 Prlnclpal address Flat 15 Ionic Court Helensea Avenue London NWII 8AX Trustees M R Bentsta Mrs S Bentat Mr J Bentata IRetired on 12th June 20241 Mr P J Summerfield IAppolnted on 12th lune 20241 Accountants Grunber8 & Co Llmlted Chartered Accountsnts 5 Technology Park Colindeep Lane Colbndale London NW9 6BX COMMENCEMENT OF ACTIVITIES The Charity started operatln8 from 7 Aprll 2008. PUBLIC BENEFIT The trustees conflrm that they have complled wlth their duty to have due ￿88rd to the public beneflt in exercising their powers or duties. The Truste report was ap roved by the Board of Trustees. ntata Trustee 27 September 2024 THE MOSU CHARITABLE TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE MOSU CHARITABLE TRUST I report to the Trustees on my examination of the financial statements of The Mosu Charltable Trust (the Charity) for the Year ended S April 2024. Responsibilities and basls of report As the Trustees of the Charity you are responslble for the preparatSon of the flnancia15tatements in )ccordance with the requirements of the Charities Act 2011 (the 2011 Act). I report in respect of my examination of the Charity's flnancial statements carried out under Section 145 of the 2011 Act. In carrying out my examlnatlon I have followed all the applicable Directions given by the Charity Commlssion under section 1451511bl of the 2011 Act. Independent examlner's statement Your attention is drawn to the fact that the charity has prepared financial 5tatement5 accordance with Accounting and Reportlng by Charltie5 preparing their accounts in accordance wlth the Flnancial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 Sn preference to the Accounting and Reportin8 by Charities.. Statement of flecommended Practice Issued on l April 2005 which is referred to in the extant regulations but has now been wlthdrawn. l understand that thls has been done in order for financlal Statements to provide a true and falr vlew In accordance with Generally Accepted Accounting Practice effectlve for reportlng perlod5 beginning on or after l January 2015. I have completed my examlnatlon. I confirm that no matters have come to my attention In connectlon wlth the examination giving me cause to believe that In any material respect.. accounting records were not kept In respect of the Charlty as requlred by 5ectlon 130 of the 2011 Act; or the flnanclal ststements da not accord wlth those records,. or the flnancial statements do not cornply with the applicable requirements concernlng the form and content of accounts set out in the Charities IAccounts and Reports) Regulations 2008 other than any requlrement that the accounts glve true and fair vlew which is not a Matter considefed as part of an Independent examlnation. I have no toncerlls and have come across no other matters in connection with the examination to whlch attention Should be drawn in thls report in order to enable a proper understanding of the flnanclal statement5 to be reached. Grunberl & Co Llmlied Sanjay Parmar FCCA ACA 5 Technology Park Colindeep Lane Colindale London NW968X United Kingdom Dated- 27 September 2024 THE MOSU CHARITABLE TRUST STATEMENT OF FINANCIAL AcfiviTIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED S APRIL 2024 Unrestrifted funds 2024 Unrestricted funds 2023 Notes Income from: Donatlons and legacies ChariLible activities Investments 80,000 20,000 3,926 Total Income 103,926 Expendlture on: Charitable ictivSties 55,625 300,379 Total ￿PendIture 55,625 300,379 Net Incomellexpendlturel and rnovement In fund5 48,301 1300,3791 Reconclllatlon of funds: Fund balances at 6 Aprll 2023 350,377 650,756 Fund balance5 It 5 Aprll 2024 398,678 350,377 The Statement of flnancial actlvities includes all &aSn5 and losses reco8nlsed in the Year. All income and expenditure derlve from contlnuing activities. THE MOSU CHARITABLE TRUST STATEMENT OF FINANCIAL POSITION AS AT5 APRIL 2024 Z024 2023 Notes Current assets Cash at bank and In hand 400,710 351,817 Credltors: amounts fallini due within one year io 12,0321 11.4401 Net current a55et5 398,678 350.377 Net assets excludln6 pen51on Ilabllltv 398,678 350,377 The funds of the Charltv Unrestricted funds 398,678 350,377 398,678 350,377 The fina clal statements were approved by the Trustees on 27 September 2024 Bentata THE MOSU CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 Ac¢ountlng policles Charlty Informatlon The Mosu Charltable Trust is an unincorporated charity controlled by Its governing document 1.1 Accountlng convention The financial Statements have been prepored in accordance wlth the Charity's governlng document, the Charitles Act 2011, FRS 102 'The Financlal Reportlng Standard applicable in the UK and Republlc of Ireland" I'FRS 102,1 and the Charities SORP 'Accountlng and Aeporting by CharltSes'. Statement of Recommended Practice applicable to charltles preparing their account5 in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" leffettive I january 20191. The Charitv Is a Public Beneflt Entity as defined by FRS 102. The Charity ha5 taken odvantage of the provislons In the SORP for charltles not to prepare a Statement of Cash Flows. The flnancial statements are prepared In sterling, which is the functlonal currency of the Charlty. Monetary amounts Sn these flnanclal statements are rounded to the nearest £. The financial 5tatement5 have been prepared under the historical cost conventlon. The prlncipal accounting policies adopted are set out below. 1.2 Charltable funds Unrestrlcted funds afe available for use at the di5cretlon of the Trustees in furtherance of their charltable objective5. Restricted fund5 are subject to speclflc conditions by donor5 or grantors a5 to how they may be used. The purposes and Uses of the restrScted funds are set out In the notes to the financial statements. Endowment funds are Subject to specific condStlons by donors that the capital must be malntalned by the Charlty. 1.3 Income Income is recognised when the Charity Is le8ally entitled to It after any performance condltlons have been met, the amounts can be measured rellably, and it is piobable that income will be received. Cash donation5 are recognised on receipt. Other donations are recoinlsed once the Charity has been notlfled of the donation, unless performance conditlons require deferral of the amount. Income tax recaverable In relatlon to donations received under Glft Ald or deeds of covenant is recognised at the tlme of the donatlon. Le8acles are re¢ogni5ed on receipt or otherwlse If the Charlty has been notified of an Impendlng dlstribution, the amount is known, and receipt is expected. If the amount 15 not known, the legacy 15 treated a5 a contingent asset. 1.4 Expendlture Expenditure is recD8nised once there is a legal or construrtive obligatlon to transfEr economlc benefit to a third party, it Is probable that a transfer of economic benefits will be required in settlement, and the amount of the obllgatlon can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of dlrect Costs and shared cost5, including sUPPOrt costs involved in undertaking each activity. Direct Costs attributable to a single activity are allocated directly to that activity. Shared costs whlch contrlbute to more than one activity and 5UPPOrt costs which are not attributable to a single activity are apportioned between those activitles on a basls consistent with the use of resource5. Central staff costs are allocated on the basis of time Spent, and depreciation charges are allocated on the portion of the asset's Use. THE MOSU CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 Accountlng pollcle5 {Contlnuedl 1.5 Cash and cash equlvalents Cash and cash equivalents include cash in hand, deposlts held at call with banks, Other 5hort-term liquid investments wlth orlglnal maturitie5 of three months or less, and bank overdrafts. Bank overdrafts are shawn within borrowings in current liabilltie5. Basicflnanclol assets 8asic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price includlng transaction costs and are subsequently carried at amortised cost uslng the effective interest method unle55 the arrangement constltutes a financing transactlon, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Baslcllnanclol Ilobllltles Baslc flnancial Isabilities, Includin8 creditors and bank loans are Inltially recognlsed at transactlon prlce unless the arrangement constltutes a fSnanclng transaction, where the debt Instrument is measured at the present value of the future payments discounted at a market rate of Interest. Flnancbal IlabllltSe5 cla55ifled as payable within one year are not amortlsed. Debt instruments are subsequently carried at amort15ed cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acqulred in the Ofdinary course of operatSons from suppllers. Amounts payable are classified as current liabilities if payment Is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transactlon prlce and subsequently measured at amortised cost uslng the effectlve Interest method. Derecoqnltlon offlnonclol Ilobllltles Financial liabSlltSes are dere¢o&ni5ed when the Chèrlty's contractual obllgations explre or are dlscharged or cancelled. Income from donatlons and le8acie$ Unrestrlcted funds 2024 Unrestrlcted funds 2023 Donatlons and gifts 80,000 Income from charitable actlvltles Unrestrlcted funds 2024 Unrestrlcted funds 2023 Other income Gift Aid 20,000 THE MOSU CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 Income from Investments Unrestrfcted fund5 2024 Unrestrlcted funds 2023 Interest recelvable 3,926 Expendlture on charitable actlvltles Unrestrlcted funds 2024 Unrestrlcted funds 2023 Dlrect ¢0sts Grant funding of activStles (see note 61 53,250 298,750 Share of sUPPOrt and governance Costs (see note 7) Governance 2,375 1,629 55,625 300,379 Analysls by fund Unrestricted funds 55,625 300,379 Grants payable Unrestrlcted funds 2024 Unrestrlcted funds 2023 Grants to institutions; Other 53,250 298,750 THE MOSU CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 Support ¢ost5 Support costs Governance costs 2024 2023 Accountancy fee 2,375 2,375 1,629 2,375 2,375 1,629 Analysed between Charitsble activitles 2,375 2,375 1,629 Trustee5 None of the Trustees lor ary persons connected wlth them) received any remuneratlon or benefits from the Charity durlng the Year. TaKatlon The charSty is exempt from taxatlon on Its activities because all Its Income 55 applled for charitable purpose5. io Credltor5: amounts falllni due wlthln one year 2024 2023 Other c￿dItorS Ac¢ruals and deferred Income 252 1,780 1,440 2,032 1,440 11 Unrestrlcted funds The unrestricted funds of the charlty comprise the unexpended balances of donations and grants which are not sublect to speclfic conditions by donors and grantors as to how they may be used. These include desi8nated funds which have been set aslde out of unrestrbcted funds by the trustees for speclflc purposes. At 6 April 2023 Incomlng re50urres Resources At 5 April 2024 expended General funds 350,377 103,926 155,6251 398,678 10- THE MOSU CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 li Unrestrlctld funds Icontlnuedl Prevlous Perlod: At 6 Aprll 2022 Incomlng resources Resources At 5 Aprll Z023 expended Genernl fund5 650,756 1300,3791 350,377 12 Related party transa¢tlon$ There were no dlsclosable related party tran5actlons durlng the year.12023. NIII. 11