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← Manna - UK Branch Of Meir Panim

2024-12-31-accounts

Manna - UK Branch of Meir Panim

Charity No. 1129738

Company No. 06772130

Trustees' Report and Unaudited Accounts

31 December 2024

Manna - UK Branch of Meir Panim Contents

Pages
Trustees' Annual Report 2 to 4
Independent Examiner's Report 5
Statement of Financial Activities 6
Balance Sheet 7
Notes to the Accounts 8 to 13
Detailed Statement of Financial Activities 14 to 15

Page 1

Manna - UK Branch of Meir Panim Trustees Annual Report

The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the year ended 31 December 2024.

REFERENCE AND ADMINISTRATIVE DETAILS

Company No. 06772130

Charity No. 1129738

Registered Office

3 - 4 Sentinel Square London NW4 2EL

Directors and Trustees

The Directors of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees served during the year:

D. Raveh G. Zucker

==> picture [279 x 38] intentionally omitted <==

Accountants

Pollock Accounting Ltd 3 - 4 Sentinel Square

London NW4 2EL

OBJECTIVES AND ACTIVITIES

First and foremost, Meir Panim feeds Israel's hungry. As one of Israel's largest relief organisations our work alleviates poverty among children, families and Holocaust survivors. Poverty does not discriminate and nor do we. Meir Panim feeds ALL Israel's poor and hungry irrespective of background.

Meir Panim is all about dignity and practical solutions. Our Food Centres are styled as restaurants. Our Food Shopping Cards allow the needy to shop with self-respect at regular supermarkets with no embarrassment at the till. But we also deliver Challa for Shabbat and Food Packages for Chagim as well as operating After School Clubs for underprivileged children.

It's no secret that Israel needs a high budget for security & defence.

But 2 million Israelis - equivalent to 25% of the population - live below the poverty line. Research has shown a direct impact on these individuals and families. The uncomfortable truth is that Israel has one of the highest poverty rates in the developed world. Double the poverty rate of the UK.

Manna, the UK Branch of Meir Panim, fights hunger by offering free, dignified meals in warm, restaurant-like settings. We go beyond just food, providing support services to empower people and break the cycle of poverty.

Page 2

Manna - UK Branch of Meir Panim

Trustees Annual Report

Since 7th October 2023, Manna Meir Panim has been on the front lines working tirelessly to help Israel by cooking over 1,000,000 meals for people in need and evacuated families.

We support 2,000 displaced families with accommodation, furniture, food, clothing, household goods, and toys as well as providing 6,000 meals for evacuated families on a daily basis.

ACHIEVEMENTS AND PERFORMANCE

Charitable activities

In 2024, Meir Panim continued its mission to alleviate poverty in Israel by providing essential food and social services to those in need. The organisation focused on offering both immediate relief and long-term support to help individuals and families break the cycle of poverty and achieve self-sufficiency.

Key Programmes and Services

Food Assistance

Support for Vulnerable Groups

Community Support:

Additional Efforts:

- Essential care packages were delivered to displaced families forced to leave their homes on the Lebanon border by the conflict.

In 2024:

Page 3

Manna - UK Branch of Meir Panim Trustees Annual Report

Meir Panim's programmes reached a wide range of individuals, including the elderly, children, Holocaust survivors, and those affected by conflict.

Fundraising and Support

Our fundraising programmes continued with a mix of direct mail appeals at Pesach and Rosh Hashanah, a range of donor facing events throughout the year including our ever popular sponsored soup walk through the city of London and a kosher wine tasting.

FINANCIAL REVIEW

Reserves policy

The charity's aim is to maintain reserves for at least 3 months of operational activities.

PLANS FOR FUTURE PERIODS

Manna remains committed to supporting Meir Panim. We will remain committed to alleviating poverty and providing essential support to Israel's most vulnerable populations.

The continuing conflict in Israel directly influences much of the work we support, particularly help for displaced families who have been away from their homes, jobs and normal lives for over 18 months at the time of writing.

In the UK we have developed an attractive range of events throughout 2025 to connect with prospective donors and focused our fundraising towards contact with individuals and organisations that support Israel.

STRUCTURE, GOVERNANCE AND MANAGEMENT

The charity is controlled by its governing document, a deed of trust and constitues a limited company, limited by guarentee as defined by the Companies Act 2006

The company is constituted under a Memorandum of Association dated 12 December 2008.

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102).

Signed on behalf of the board

G. Zucker Trustee 14 May 2025

Page 4

Manna - UK Branch of Meir Panim Independent Examiners Report

Independent Examiner's Report to the trustees of Manna - UK Branch of Meir Panim

I report to the charity trustees on my examination of the financial statements of Manna - UK Branch of Meir Panim for the year ended 31 December 2024.

Responsibilities and basis of report

As the charity's trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act).

Having satisfied myself that the financial statements of the Charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's financial statements as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner's statement

As the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of Chartered Institute of Management Accountants, which is one of the listed bodies.

I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe:

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 financial statements to be reached.

David Pollock FCMA Chartered Institute of Management Accountants Pollock Accounting Ltd 3 - 4 Sentinel Square London NW4 2EL

14 May 2025

Page 5

Manna - UK Branch of Meir Panim Statement of Financial Activities

for the year ended 31 December 2024

Notes
Income and endowments
from:
Donations and legacies
4
Other trading activities
5
Total
Expenditure on:
Raising funds
6
Charitable activities
7
Other
8
Total
Net gains on investments
Net income
9
Transfers between funds
Net income before other
gains/(losses)
Other gains and losses
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted
funds
2024
£
405,001
-		 Total funds
2024
£
405,001
-		 Total funds
2023
£
320,318
85,344
405,001
25,483
273,000
86,290		 405,001
25,483
273,000
86,290		 405,662
19,266
310,530
61,894
384,773
-		 384,773
-		 391,690
-
20,228
-		 20,228
-		 13,972
-
20,228 20,228 13,972
20,228
22,904		 20,228
22,904		 13,972
8,932
43,132 43,132 22,904

Page 6

Manna - UK Branch of Meir Panim Balance Sheet

at 31 December 2024

Company No.
06772130
Notes
2024
£
Fixed assets
Tangible assets
11
-
Current assets
Cash at bank and in hand
44,452
44,452
Creditors:Amount falling due within one year
12
(1,320)
Net current assets
43,132
Total assets less current liabilities
43,132
Net assets excluding pension asset or liability
43,132
Total net assets
43,132
The funds of the charity
Restricted funds
13
Unrestricted funds
13
General funds
43,132
43,132
Reserves
13
Total funds
43,132		 2023
£
-
24,224
24,224
(1,320)
22,904
22,904
22,904
22,904
22,904
22,904
22,904

These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

For the year ended 31 December 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

Approved by the board on 14 May 2025

And signed on its behalf by:

G. Zucker

Trustee 14 May 2025

Page 7

Manna - UK Branch of Meir Panim Notes to the Accounts

for the year ended 31 December 2024

Basis of preparation

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: 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) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Change in basis of accounting or to previous accounts

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.

Fund accounting

Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity. Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal. Income Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.

Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA. Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income. Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material.

Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets

Page 8

Manna - UK Branch of Meir Panim Notes to the Accounts

Expenditure

Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates.

Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs.

Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.

Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.

Trade and other creditors

Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Foreign currencies

Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period. Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.

All exchange differences are are taken into account in arriving at net income/expenditure.

Receipt of donated goods, facilities and services

All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.

Page 9

Manna - UK Branch of Meir Panim Notes to the Accounts

2 Company status

The company is a private company limited by guarantee and consequently does not have share capital.

3 Statement of Financial Activities - prior year

3
Statement of Financial Activities - prior year
Income and endowments from:
Donations and legacies
Other trading activities
Total
Expenditure on:
Raising funds
Charitable activities
Other
Total
Net income
Net income before other
gains/(losses)
Other gains and losses:
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
4
Income from donations and legacies
Donations
5
Income from other trading activities
Fundraising activities		 Unrestricted
£
405,001
405,001		 Unrestricted
funds
2023
£
320,318
85,344
405,662
19,266
310,530
61,894
391,690
13,972
13,972
13,972
8,932
22,904
Total
2024
£
405,001
405,001
Total
2024
£
-
-		 Total funds
2023
£
320,318
85,344
405,662
19,266
310,530
61,894
391,690
13,972
13,972
13,972
8,932
22,904
Total
2023
£
320,318
320,318
Total
2023
£
85,344
85,344

Page 10

Manna - UK Branch of Meir Panim

Notes to the Accounts

6
Expenditure on raising funds
Costs of generating voluntary
income
Donations
Fundraising trading costs
Fundraising activities
7
Expenditure on charitable activities
Expenditure on charitable
activities
Donations to Israel
Governance costs
8
Other expenditure
Employee costs
Motor and travel costs
Premises costs
Amortisation, depreciation,
impairment, profit/loss on
disposal of fixed assets
General administrative costs
Legal and professional costs
9
Net income before transfers
This is stated after charging:
Depreciation of owned fixed assets
10 Staff costs
Salaries and wages
No employee received emoluments in excess of £60,000.		 Unrestricted
£
10,050
15,433
25,483
Unrestricted
£
273,000
273,000
Unrestricted
£
22,000
932
5,005
-
12,805
45,548
86,290
2024
£
-
2024
22,000
22,000		 Total
2024
£
10,050
15,433
25,483
Total
2024
£
273,000
273,000
Total
2024
£
22,000
932
5,005
-
12,805
45,548
86,290		 Total
2023
£
-
19,266
19,266
Total
2023
£
310,530
310,530
Total
2023
£
-
1,135
4,620
132
16,649
39,358
61,894
2023
£
132
2023
-
-

Page 11

Manna - UK Branch of Meir Panim Notes to the Accounts

11 Tangible fixed assets

Cost or revaluation
At 1 January 2024
At 31 December 2024
Depreciation and
impairment
At 1 January 2024
Depreciation charge for the
year
At 31 December 2024
Net book values
At 31 December 2024
At 31 December 2023
12 Creditors:
amounts falling due within one year
Accruals
13 Movement in funds
Restricted funds:
Unrestricted funds:
General funds
Total funds
14 Analysis of net assets between funds
Net current assets		 At 1 January
2024
22,904
22,904		 2024
£
1,320
1,320
Incoming
resources
(including
other
gains/losses
)
£
405,001
405,001		 £
2,988
2,988
2,856
132
2,988
-
132
Resources
expended
£
(384,773)
(384,773)
Unrestricted
funds
£
43,132
43,132		 £
2,988
2,988
2,856
132
2,988
-
132
2023
£
1,320
1,320
At 31
December
2024
£
43,132
43,132
Total
£
43,132
43,132

Page 12

Manna - UK Branch of Meir Panim Notes to the Accounts

15 Reconciliation of net debt

Reconciliation of net debt
Cash and cash equivalents
Net debt		 At 1 January
2024
£		 Cash flows
£		 At 31
December
2024
£
24,224 20,228 44,452
24,224
24,224		 20,228
20,228		 44,452
44,452

16 Related party disclosures

Controlling party

The company is limited by guarantee and has no share capital; thus no single party controls the company.

Page 13