CHARrfY REGISTRATION NUMBER: 1125846 Metzach Trust Unaudited Financial Statements For the year ended 31 March 2024 COHEN ARNOLD Chartered accountants New Burlington House 1075 Finchley Road London NWII OPU
MetLaeh Trust Financial Statements Yeydr ended 31 March 2024 Pages Trustees, annual report Ito2 Independent examiner's report to the trustees Statement of financial activities Statement of financial position Notes to the fllwicial statements 6tolO
Metzach Trust Trustees, Annual Report Year ended 31 March 2024 The trustees present their report and the unaudited financial statements of the charity for the year ended 31 March 2024. Reference and administrative details Registered charity name Charity registration number Principal office Metzach Trust 1125846 37 Darenth Road London N16 6ES Tbe trustees Mr M Stern Mrs V Stern Mrs C Rapaport Mr M Broner-cohen FCA New Burlington House 1075 Finchley Road London NWI I OPU Independent examiner Structure• governanee Vdnd mAnagement GoverniDg DocumeDt The organisation is governed by the Trust Deed dated 3 September 2008. Appointment and Recruitment of Trustees It is not currently the intention of the Trustees of the Charity to appoint new Trustees. Should the situation change in th¢ future, the Trustees will apply suitabl¢ recruitment training and induction procedur¢s. Risk Management The trustees have identified and reviewed the major risks to which the Trust is exposed, in particular those related to the operations and finance of the Trust, and are satisfied that systems are in place to mitigate those risks.
Metzach Trust Trustees, Annual Report (eonrfnued) Year ended 31 March 2024 Objectives and activities The charity was established for the advancement of religion and religious education in accordance with the Orthodox Jewish Faith, for the relief of sickness and poverty amongst persons of the Orthodox Jewish Faith and such other purposes as are charitable according to Engl ish law and are for the benefit of the public. The income of the charity is derived from donations from individuals and charitable institutions. The Charity utilises its incom¢ to make grants and donations to further the charitable objectives stated above. The trustees confim that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the Charity's aims and objectives and in planning future activities and setting the grant making policy for the year. AchlevemeDts and performance During the year the Charity continued its philanthropic activities in support of the advancement of the Orthodox Jewish faith, education and the relief of poverty, as well as other general charitable pUoSe$. Aggregate donations in the sum of £15,880 were paid in the year to 31 March 2024. The overall perfomiance of the year resulted in a surplus for the charity of £20,720. Financial review Income from donations received in the year aggregated £37,500. As at 31 March 2024 the Charity had a surplus of £3,412 in Unrestricted Funds. The financial statements have been prepared on the going concern basis as there are no material uncertainties to the Charity's ability to continue. The financial results of the Charity's activities for the year ended 31 March 2024 are fully reflected in the attached Financial Statements together with the Notes thereon. Reserves Policy The charity has no overheads and makes grants when the funds are available. For this reason, there is no reserves policy in place at this time. If the situation changes, the Trustees will fomiulate and instate a charity reserves policy. Plans for future periods The charity plans to continue the activities outlined above in forthcoming years subject to satisfactory incoming resources. The trustees, annual report was approved on 8 October 2024 and signed on behalf of the board of trustees by: Mrs V Stern Trustee
Melzach Trust Independent Examiner's Report to the Trustees of Metzach Trust Year ended 31 March 2024 I report to the trustees on my examination of the financial statements of Metzach Trust (lhe charity) for the year ended 31 March 2024. Responsibilities and basis of report As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Chariti¢s Act 201 l ('the Act,). I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. Independent examiner's statement I have completed my examination. I confirni that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: accounting records were not kept in respect of the charity as required by section 130 of the the financial statements do not accord with those records. or th¢ financial stat¢ments do not Comply with the applicable requirements concerning the forn] 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. Mr M Broner-cohen FCA Independent Examiner New Burlington House 1075 Finchley Road London NWI I OPU Date
Metzach Trust Statement of Financial Aetivities Year ended 31 March 2024 2024 Unrestricted funds Total fuDds Total funds 2023 Note Income and endowmeDts Donations and legacies Total income 37.500 37,500 37,500 37,500 31.250 31.250 Expenditure Expenditure on charitable activities Total expenditure (16,780) (16.780) (16,780) (16,780) (22.650) (22,650) Net ineome And Det movement in funds 20,720 20,720 8,600 Reeoneiliation of funds Total funds brought forward Total funds carried forward (17,308) 3.412 (17?08) 3,412 {25,908) (17,308) The statement of financial activities includes all gains and losses recognised in the year. Al l income and expenditure derive from continuing activities. The notes piges 6 to 10 form part of these financial statements.
MetLach Trust Statement of Financial Position 31 March 2024 2024 2023 Note Current assets Cash at bank and in hand 28,594 17,874 Creditors: amounts falling due within one year Net Current assets 11 (25,182) (35,182) 3,412 3,412 (17,308) (17,308) Total assets less current liabilities Funds of the charity Unrestricted funds 3,412 3,412 (17,308) (17,308) Total charity funds 12 These financial statements were approved by the board of trustees and authorised for issue on 8 October 2024, and are signed on behalf of the board by: Mrm Stern Trustee Mrs V Stern Trustee The notes on pages 6 to 10 form part of these fiTrancial statements.
Metzach Trust Notes to the Financial Statements Year ended 31 Mareb 2024 General inforniation The charity is a public benefit cntity and a r¢gistered charity in England and Wales and is uninCoOr2tCd. The address of the principal offic¢ is 37 Darenth Koad, London, N16 6ES. Statement of compliance 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 {FRS 102)) and the Charities Act 2011. Accounting policies Basis of prepAratioD The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. The financial statements ar¢ prepared in sterlin& which is the functional currency of the entity. Going coneerD There are no material uncertainties about the charity's ability to continu¢. Judgements and key sources of estimation UDcertainty The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be Teasonabl¢ under th¢ circumstances. Besides those stated below, there were no judgements, estimates and assumptions that affected the amounts reported in the year. Fund ACCOUnting Unrestricted funds are available for us¢ at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds eannarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the temis of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds. Incoming resources All income is included in the statcment of financial activities when entitlement has passed to the charity, it is probabl¢ that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably tneasured. The following specific policies are applied to particular catcgories of incom¢:
Metzach Trust Notes to the Financial Statements (conlirtued) Year ended 31 March 2024 Accounting policies feonftAued) Incoming resources (eontinmedj income from donations or alS is rexognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any V A T which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates: expenditure on raising funds includes the costs of all fundraising activities, events, non- charitable trading activities, and the sale of donated goods. expenditure on charitable activities includes all costs Incued by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activiti¢s. other expenditure includes all expenditur¢ that is neither related to raising funds for the charity nor part of its expenditure on charitabl¢ activities. Al I costs are allocated to expenditure categori¢s reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis. Financial instruments A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount receivable or paable including any related transaction costs, un less the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Donations and legacies Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Donatiolls Gift Aid received Donations received 7,500 30,000 37,500 7.500 30,000 37,500 6,250 25,000 31,250 6,250 25,000 31,250
Metzach Trust Notes to tbe Financial Statements (Conliryuj Year ended 31 March 2024 Expenditure on charitable activities by fund type Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Charitable donations Support costs 15,880 900 15,880 900 21,750 900 21,750 900 16.780 16,780 22,650 22,650 Expenditure OD charitable activities by activity type Grant funding of activities Support costs Total funds 2024 Total fund 2023 Charitable donations Governance costs 15,880 15080 900 21,750 900 900 15,880 900 16,780 22.650 Analysis of support eosts Support costs Total 2024 Total 2023 Governance costs 900 900 900 Analysis of graDts 2024 2023 Grants to instilutions The Bels Nadvorne Charitable Trust Chasdei Aharon Limited Yad Shlomo Trust Schiffshul Limited Yeshivo Horomo Chevras Mo'oz Ladol Friends of Sanz Institutions The Z.S.V. Trust Other antS <£500 1,750 2,500 3.000 2,000 400 250 1,000 21)0 4,780 15,880 2,620 4,500 5,000 1,200 1,150 1,250 2,100 3,930 21,750 21,750 Total grants 15,880
Metzach Trust Notes to the Financial Staten)ents (cortrtnued) Year ended 31 Marcb 2024 Analysis of grants (eomilnued) The ants made during the year were for the following purposes: 2024 2023 Advancement of the Jewish Religion Advancement of Education Relief of Poverty Other genernl charitable purposes Total 3,516 2,757 3,532 6,075 15,880 5,667 5,667 5,841 4,575 21.750 Independent examination fees 2024 2023 Fees payable to the independent examiner for: Indep¢ndent examination of the financial statements 900 900 10. Trustee remuneration and expenses No remuneration or other benefits from employment with the charity or a related entity were received by the trustees. 11. Creditors: amouDts falling due within one year 2024 2023 Other creditors 25,182 35,182 Other creditors includes £25,182 (2023: £35,182) owed to one of the Trust¢¢s. The loan is interest free and repayable on demand.
MetLaeb TTht Notes to the Financial Statements {conlinued) Year ended 31 March 2024 12. Analysis of charitable funds Unrestricted funds At l April 2023 At 31 March 2024 Income Expenditure General funds (17,308) 37.500 (l6.780) 3.412 At l April 2022 At 31 March 2023 Income Expenditure General funds (25,908) 31,250 (22,650) (17,308) 13. Analysis of net assets between funds Unrestricted Total Funds Funds 2024 Current assets Creditors less than l year Net assets 28,594 (25,182) 3,412 28J94 (25.182) 3,412 Unrestricted Total Funds Funds 2023 Current assets Creditors less than l year Net assets 17,874 (35,182) (17,308) 17.874 (35,182) (17,308) io-