M•nn•. UK Brnnth Melr P•nlm
Manna- UK Branch of Melr Panim Contents Pages 2to4 Trustees, Annual Report Independent Examlner's Report Statement of FlnancSal Actlvltles 8alance Sheet Notes to the Accounts 8t013 Detalled Statement of Flnanclal Actlvltles 14to15 Page I
Manna- UK Branch of Melr Panlm Tntee5 Annual Report The tn15tees, who are a150 directors of the charity for the purposes of the Compan•es Act 2006, present their report with the unaudited financial ststements of the chaiity for the year ended 31 December 2023. REFERENCE AND ADMINISTRATIVE DETAILS Company 067n130 Charlty No. 11297J8 303 Wlnston House 2 Dollls Park London N3 IHF Dlrectm and Trustffis The Dlrectors of the charStable comwny are Sts Trustees forthe wrposes of th•rlty law. The followln8 Dlrectows and Truslee5 served durfn8 the year: D. Raveh E. Rel¢h M. Sabah G. Zucker (Reslgned l March 20231 IResned l Marth 20231 Attountsnts Pollock Accountlng Ltd 3- 4 Sentlnel Square London NW4 2EL 08JecnvES AND ACTMTIES Flr5t and foremost. Meir Panlm feeds Israel's hury. As one of Israel's l•r8est relbef organlsatlons our work •llevl•tes poverty arnon8 chlldren. famllies and Holocaust survlvors. Poverty does not dlscrimlnate and nor do we. MeSr Panlm feeds ALL1srael's poor and hungry Irrespertlve of back8round. Meir P•nlm Js all abrxrt dl8nlty •nd prartkal solutlons. Our Food Centres are Styled restaurants. Our Food Shopplng Cards allow the needy to shop wlth se-pett at regular supemiarkets wlth no embarrassment at the tlll. But we aLw delNer Challa for Shabbat and FO( Packages for Cha8lm as well as operatlng After hool Clubs for underprlvlle8ed chlldren. It'5 no secret that tsrnel needs a hh bjdget for securlty & defence. But 2 mllllon Israells- equfvalent to 25% of the population- Nye below the poverty Ilne. Researth has shown a dlrect impact on these Individuals and familles. The uncomfortable truth Is that Israel has one of the hl8hest poverty rates In the developed world. Double the Verty rate of the UL Page 2
Manna- UK Branch of Melr Panlm Trurtees Annual Report Manna, the UK Branch of Melr Panim. fhts hunger by offering free. di8nKied mea15 in warm. restaurant-llke settln8s. We 80 beyond just food. providing support serylces to empower people and break the cycle of poverty. Slnce 7th October 2023. Manna Melr Panlm has been on the front Ilnes worklng tlrelessly to help Israel bv cooklnB over I,i))O,000 mea15 for people In need and evacuated famllles. We 5UPPOrt 2.000 dlsplaced famllles wlth accommodatlon, fumlture, food, clothlngi household goods, and toys as well as provldlng 6.000 meals for soldlers and evacualed families on a dally bas15. Melr Panlm provldes the followlng seNlces annually (ln a regular year): Over I mllllon meals provlded annuallv In summary, last year we also provlded: 15,000 food packages prepared for famllles and meals on wheels dellvered to the elderly. 4,718 food shoppln8 cards dbstrlbuted before festlvals. 16,656 Challas glven out for Shabbat. - 200 chlldren supported by 5 Melr Panlm After-school Clubs Holocaust Survlvors Programme wlth well.beln8 actlvltles and enrlchlng outlngs. - Slnile mothers CareerTralnln8 Programme and employment advlce. 2,OLK) famllles benefltln8 from our unlque Power of Glvln8furnlture w•rehou5e, 4.130 volunteers donatlng thelr tlme, care and ener8y. ACHIEVEMENfs ANO PERFORMANCE Ch4rltabl• •etl¥ltl Durln8 2023 we ralsed a cor{l amount of over £4QO,000 Some of the events that took place In 2023 were as follows: - A thank you receptlon for malor donors ralsed £14,000. . Asher Tepper Golf day: Manna was once a8aln one of 3 charbtles to benefft and we ralsed £5.000. 270 people ralsed over £12,000 al Jn evenl wlth an Israell comedlan who came to the UK wlthout a fee. . We ralsed £25,000 from a Rosh Hashana appeal whlch was sent out to 4.000 people before the festlval.. - A property event at Seddons attracted 50 people and ralsed over £500. - An emergency campalgn ralsed £120,000 after the 7th October 2023 - 300 people ralsed over £ll.(X)O at an Israell concert - The Pesach appeal, wlth a matchlng donatlon from one of our donors, ralsed over £90,000 - There were 2 events wlth the Butler of the Royal famlly and both attracted around 100 partlclpants and ralsed £3,2CN). FINANCIAL REVIEW fteserws pollcy The charfvs alm Is to malntaln reserrfes for at least 3 months of operatlonal actlvltles. PLANS FOR FUTURE PERIODS Page 3
Manna- UK Branch ol Meir Panim Tru51ees Annual Report The recent events ol October 7th, 2023 brought a SUTge in need to our communities. Famllies displaced from their homes in the soulh and north of the country arrived In our area seeking refuge. Our Or Aklva branch, initially equipped lo seNe 200-300 meals dally. faced an ovenyhelfftiny challenue. Overniaht, the demand skyrocketed to 2000 meals as we took on the responsibility ol providing lood lor families in lemporary accommodation across the region. They worked 24 hours a day. 6 days a week and in 34 5hilts lo produce 2000 meals in a tiny kitchen. They urgently need a new industrial kitchen which will cost 3 million sheke15. They have secured a local donation ol half a million shekels bul need an additional 2.5 million shekels. We plan to locus on this emergenry Campaign dvring 2024. STRUCTURE. GOVERNANCE AND MANAGEMENT The charity is controlled by its governing document. a deed of trust and constitues a Ilmlted eompany. Ilmited by ouarentee as delined by the Companies Act 2006 The company is constitvled under a Memorandum ol Association dated 12 December 2008. The Trustees are responsible lor keeping proper accounting records Ihal disclose with reasonable accuracy al any time the linanclal position of the charity an(i to enable them to ensure that the linancial stalemenls comply with the Companies Act 2006. The Trustees are also responsible IOT saleguarding the assets of the eharrty and hence taking reasonable steps loi the prevention and detection ol fraud and other irregularitles. The above report ha5 been prepared in accordance wilh the provisions applicable lo companies subject lo the small companies regime as sel out in Part 15 01 ihe Companies Act 2006 and in accordanGe with the Charities SORP IFRS 102). Sioned on behall of the G. Zucker Trustee 26 July 2024 PaoB 4
Manna- UK Oranch of Meir Panlm Independert Examiners Report Independent ExamIne$ Report tothe trustees of Manna- UK Branch of Meir Panlm I reFK)rt to the chadty trustees on my examination of the financlal Statements of Manna - UK Branch of Melr Panlm for the year ended 31 December 2023. Responslbllllles and basls of report As the charity's trustees of the company land aLso its directors for the purpose5 of company lawl you are responsible for the preparation of the financial statements in accordance wlth the requlrements of the Companies Att 21K161'the 2006 Act. Having satisfied myself that the financial statements of the Charlty are not requlred to be audlted under Part 16 of the 2006 Art and are eligible for Independent examlnatlon. I report in respect of my examlnatlon of vour charity's financial statements as carried out under section 145 of the Charities Att 20111'the 2011 Act'l. In carrying out my examlnation I have followed the Oirections given by the Charity Commission under section 145151 Ibl of the 2011 Art. Independent ex•minerfs Statement A5 the charity's gross income exceeded £250,000 yourexaminer must be a memberof a body ltsted In sertion 145 of the 2011 Act. I confirm that l am qualifd to undertake the examination because l am member of Chartered Institute of Management Accountants, which 15 one of the listed bodies. I have completed my examination. I can confirm that no material mattets have come to my attentlon In connettion with the examlnatlon glvlng me cause to believe- accounting records were not kept In accordance with section 386 of the 2006 Act . or the finan¢ial statements do not accord with those records: or • the flnan¢ial Statements do not comply with the accountlng requlrements under sectlon 3% of the 2006 Act other than any requirement that the financial statements give a 'true and falr, view whlch is not a matter considered as part of an independent examination; or the financial staternents have not been prepared In accordance wlth the methods and prlnclples of the Staternent of Recommended Practke for accounting and reporting by charities èpplicable to charlties preparlng thelr accounts In accordance wlth the Financial Reporting Standard applicable In the UK and Republlc of Ireland IFRS 1021. I have no concerns and have come acmss no other matters in connectlon with the examination to whlch attention should be drawn in thi5 report in order to enable a proper understsnding of the financial 51atementS to be reached. Oavid Pollock FCMA Chartered Instltute of Management Accountants Pollock Accountlng Ltd 3- 4 Sentinel Square London NW4 2EL 26 July 2024 Page 5
Manna- UK Branth of Meir Panlffl Statement of Flnandal Artivltles for the year ended 31 December 2013 fufith Total lund5 Total funds 2023 2023 2022 Inc¢Kne and endowThnts Donation5 and le8acle5 Other tradln8 actlvltles 320.318 85,344 320.318 72,041 255.000 Total 405.662 405.662 327,041 E¥p•ndlturn on: Rab51n8 funds Chlrftable actfvfrtSes Other 19.266 310.530 61,894 19,266 310,530 61,894 79.773 203.213 43,074 Total 391,690 391.690 326.060 Net galns on Investments N•t Inwme 13,972 13,972 Tr•nsfers between funds Net Income beft4r• other ylnsl(lau•s) 13.972 13.972 981 Other 8•lns •nd Iosms N•t movem•nt In funth 13.972 13.972 981 R•condllallcn of fund&. Total funds brou8ht fopward 8.932 8,932 7,952 Tot•1 funds urrled forvArd 22.904 22.904 8.933 Pa8e 6
Manna- LIK Branch of Melr Panim Balance Sheet at 31 December 2023 Company No. 06772130 Notes 2023 2022 Fixed assets Tangible assels 11 132 132 Current assets Cash al bank and in hand 24.224 24,224 {1.3201 22,904 22.904 22.904 10,120 10,120 11.3191 8,801 8,933 8,933 Creditors.. Amount lalllng due within one year Nel cuirent assets Total assets less current liabilities Nel 2S5els excludlng penslon asset or liability Total net assets 12 22,904 8,933 The funds of the charity Restricted lunds Unrestricted lunds General lunds 13 13 22.904 22.904 8.933 8,933 Reserves 13 Total funds 22,904 8.933 These accounts have been prepared in accordance with the special provlsion5 01 Part 15 01 the Companles Act 2006 relallng to small companie5. For the year ended 31 December 2023 the company was entitled to exemption under section 477 01 the Companies Att 2006 relating to sfflall companies. The memtse have nol required the company lo obtain an audil in accordance with sectlon 476 of the Companles Act 2006. The directors acknowledge Iheir responslbililies for comptying with the requlremenls of the Companles Acl 2006 with respect lo accounting records and the preparatlon ol accounts. AppToved by the board on 26 Juty 2024 An ned on it$ behalf by: G. Zucker Trustee 28 July 2024
Manna- UK Branch of Melr Panim Notss to the Accounts for the year ended 31 Detember 2023 l Auounting polldes 84sls of preparatlon The finanaal statements have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practlce applicable to charrties preparlng their accounts in accordance wlth the Financial Reporting Standard applicable In the UK and Republic of Ireland IFRS 1021 leffedtve I January 20151- (Charities SORP IFRS 102)). the Financial Reporting Standard appllcable in the UK and Republlc of Ireland IFRS 1021 and the Companies Art 2(. There has been no change to the accountin8 PDlkies (valuation rules and method of accounting) sln last year and no changes have been made to accounts for wevws years. Fund accountini Unrestricted fvnds These are available for use at the discretlon of the trustees in furtherance of the 8eneral objects of the charlty. These are unrestricted funds eamiarked the trustees for partkular purposes. These are unrestricted fvnds which incde a revaluation reseprfe representing the restatemerf of Investment assets * their market value5. These are available for use subject to re5trkth)ns Imposed b/ the donor or through tem)s of an appeal. Designated funds Revaluation funds ftestried fund5 Intome Recognition of income Income Is Included in the Statement of Flnèncial Artivltles {SoFAI when the charity becomes entitled to. and virtualty certain to receive. the sncome and the amount of the income can be measured with sufficient reliability. Income with lated Where Income ha5 lated expenditure the inc(Mne and related expenditure is expendtture reported gross in the SOF Donations and leEactes Voluntary income receNed way of grdnts. donatlons and erfts is included in the the SOFA when receivable and onlywhen the Charity has unconditional entitlement to the income. Tax reclaims on Income from tax redairns is Included in the SOFA at the same tlme as the donatlons and gifts 8ift/donation to which it relates. Oonated services These are onty Included in income (with an eqUidIent amount In expenditurel and fadlltles where the benefft to the Charlty Is reasonabFy quantifiable. measurable and materlal. Volunter help The value of ènyvolunteer help recefved is not included in the accounts. Investment income This is included in the accounts when re1dble. Gains/llosses1 on This includes any gain or h)s5 resufting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gain51llossesl on investment assets Thls indudes any galn or1055 on the sale of wwe5tmen Page 8
Manna- UK Branch of Melr Panlm Notes to ihe Accounts Expenditure Recognition of expendlture Expendlture Is renised on an accnjals bas15. Expendlture includes any VATwhlch cannot be fully recovered, and Is reported as part of the expenditure to which it relates. Expenditure on These comprise the costs associated with attractlng voluntary income, fundralslng raising funds trading costs and Investment management costs. Expenditure on These comprlse the costs in¢urfed by the Charlty In the delivery of its actlvltles and charitsble actlvitles services In the furtherance of its objects, Sncluding the making of grants and overnance costs. All grant expenditure 15 accounted for on an actual pald basls plus an accrual for grants that have been approved by the tnjstees at the end of the year but not yet paid. These include those costs associated with meellng the constitutional and statutory requirernents of the CharltY* Includln8 any audi1ndependent examlnatlon fees, costs Ilnked to the strategic management of the Charity, together with a share of other administratlon costs. Otherexpendlture These are support costs not allocated to a partkular actNity. Grants payable Govemance costs Taxation The charity ts exempt from corporation tsx on Its charltable actfvities. Trade and other debtors Trade and other debtors are recogntsed èt the settlement amount due after any trade dlscount offered. Prepayments are valued al the amount prepaid net of any trade discounts due. Cash and 5h equlvalents Cash and cèsh equivalents comprise cash at bank and on hand, demand deposits with banks and other short-temi highly Itquld Investments with original maturities of three months or less and bank overdrafts. In the statement of financlal position, bank overdrafts are shown within borrowlngs or current Ilabllities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and forni an integral part of the company's cash management. Trade and other credltors Short temi cred6tors are measured at the transactlon prlce. Other creditor5 and provlslons are reco8nised where the charity has a present obligation resulting from a past event that wlll probably result in the transferof funds to a third party and the amount due to settle the obligatkin can be measured or estimated reliably. Credltors and provision5 are nomially recognised at thelrsettlement amount after allowln8 for any trode dlscounts due. Forel8n curren¢les Monetary assets and liabllltles denomlnated In currencles otherthan the functional currency of the charity a translated at the rates of exchange prevalllng at the end of the reportlng period. Transartions In currendes other than the functional ¢urrency of the charlty are recorded at the rate of exchange on the date that the transactlon occurred. All exchange dlfferences are are taken into account In arriving at net Incomelexpendlture. Page 9
Manna - UK Br•n¢h of Meir Panlrn Notes to the Accounts Receipt of donated goods, facilitles and services All donated goods, facilities and services received are reco8nised wlthln Incoming resources and expenditure at an estimate of the value to the charlty. 2 Company status The company Is a private company limited by guarantee and consequently does not have share capital. 3 Statement of Financlal ActMtles- prlor year Unrestrfcted funds Total fund$ 2022 2022 Income and endowments from: Donations and legacles Other tradln8 attivities Totsl 72,041 255,1)00 72,041 255,000 327.041 327.041 Explnditure on: Raising funds Charitable activitles 79,773 203,213 43.074 79,773 203.213 43,074 Other Totsl 326.060 326.060 Nel Incorne Net income before other galnslllossès) Other 8ain5 and losses: Net movement In funds 981 981 981 981 RKon¢iliation of funds: Total funds brought forward Totrl funds carried forward 7,952 7,952 8,933 8,933 4 Income from donations and legacles Unrestrictèd Total 2023 Totsl 2022 l)onatlons 320.318 320,318 320,318 320,318 72,041 72,041 Page 10
Manna- UK Branth of Melr Notes to the Accounts 5 Intome from other tr•ding adl¥llles Totsl 2023 Totsl 2022 Fundra551n8 actltIeS 85.344 85.344 255,(U) 255,000 85.344 6 Experrfllture on r*lsln8 funds Unrestrlrted Total Tot•1 2023 2022 Fundrotslnq troding costs Fundralslng actfrrfltie5 19.266 19.266 19.266 19.266 79.773 79.773 7 Expendhure on dwrltable Totsl Total 2022 2023 Expendlture on chorltoble Gctivitles Oonatlons to Israel GOrnon(e costs 310,530 310.530 203,213 310,530 310.530 203,213 8 Other explndltyre Unrthcthd Totsl rotsl 2023 2022 Motor and travel costs Premlses costs Amorttsatlon. depredatbon. Impalrment. profivloss on dL%posal of flxed assets General admlnbstrative Costs Legal and profe55kmal costs 1,135 4.620 1.135 4,620 3,887 4,235 132 132 16.649 39,358 61.894 16.649 39.358 61,894 6.385 28,523 43,074 9 Net Income before transfe 2023 2022 Thts is stated after chargin8: DepreCiatn of owned fLxed assets io stsff costs No employee recew emoluments In excess of £fll,(KlO. 132 Page 11
Manna- UK Branth of Meir PaThlm Notes to the Actnts 11 Tanglble ed a$5ets Cost lx revaluation At lJanuary2023 At 31 December 2023 Depreeiaiion and Impaifflient At l January 2023 Oepreciation charge for the year At 31 December 2023 2.988 2.988 2,988 2.988 2,856 2,856 132 132 2.988 2,988 Net l)ook values At 31 Dmber 2023 At 31 December 2022 12 Credltors: amounts falling due within one year 132 132 2022 Accruats 1,320 1.320 1,319 1,319 13 Movement In funds Incomin8 11ndud1 ResOue5 At31 December 2023 At l January gansllos Restrlrted funds: Unrestrlcted fvnds: Geneftl funds 8.932 405,662 I391.6) 22.904 Total fimds 14 Analy515 of net assets between fvnds 8,932 405.662 1391.6901 22,904 Unrestrfcted fund5 Totsl Net current assets 22.904 22.904 22.904 22,904 Page 12
Manna- UK Branth of Melr Pankn Notes tothe ArUnts 15 Reeoneiliation of net debt At31 De¢ember 20Z3 At l January Cash ftows Cash and cash equNalents 10,120 10.120 14,104 14.104 24,224 24.224 Net debt 10,120 14.104 24,224 16 Related party dixlosures Controlllng party The company is limited guarantee and has no share capltal: thus no slngle party controls the company. Page 13