**REGISTERED CHARITY NUMBER: 1136991** ## **Report of the Trustees and** ## **Unaudited Financial Statements for the Year Ended 31 March 2025** ## **for** ## **MIFAL TOV VACHESED** London Accounting Group Ltd **MIFAL TOV VACHESED** **Contents of the Financial Statements for the Year Ended 31 March 2025** |||**Page**|| |---|---|---|---| |**Report of the Trustees**|1|to|2| |**Independent Examiner's Report**||3|| |**Statement of Financial Activities**||4|| |**Balance Sheet**||5|| |**Notes to the Financial Statements**|6|to|10| |**Detailed Statement of Financial Activities**||11|| **MIFAL TOV VACHESED** **Report of the Trustees for the Year Ended 31 March 2025** The trustees present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of 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 2019). ## **OBJECTIVES AND ACTIVITIES** ## **Objectives and aims** To relive poverty sickness and infirmity, in the orthodox Jewish faith around the world. and for such other purposes as for the benefit of the public, and as recognized as charitable, according to the English law. ## **ACHIEVEMENT AND PERFORMANCE** We had very good reviews of our achievements and are pleased with the donations that we have received from our generous donors. This helped us to increase the grants to many more needy people in our community. We have also started now providing special events for orphans. The charity received £136,938 donations during the year. The unrestricted fund balance of the company was £26,107. ## **FINANCIAL REVIEW** ## **Reserves policy** The trustees aim to maintain free reserves in unrestricted funds at a level which equates to approximately three months of unrestricted charitable expenditure, however this year the amount was lower because of the new services we offer. We hope to have it back to the required level the following year. ## **FUTURE PLANS** Our plan is to expand our services by adding additional programs , activities and help for the needy. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing document** The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity. ## **Risk management** The Trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the Trust, and are satisfied that systems are in place to manage our exposure to the major risks. Mifal Tov Vachesed is constituted under a deed dated 14 March 2010. It is a registered charity number 1136991 and was registered on 21 July 2010. Recruitment and appointment of new trustees would be in line with the Trust Deed and with the consent of the trustees. The criteria set for the suitable candidate would be someone who is sensitive to the needs and demands of the organisation. ## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number** 1136991 ## **Principal address** Woodberry Manor Woodberry Close Canvey island SS8 9PP Page 1 **MIFAL TOV VACHESED** **Report of the Trustees for the Year Ended 31 March 2025** ## **Trustees** J Sofer J Gross G Tesler **Independent Examiner** London Accounting Group Ltd Approved by order of the board of trustees on ............................................. and signed on its behalf by: ........................................................................ Trustee Page 2 **Independent Examiner's Report to the Trustees of MIFAL TOV VACHESED** ## **Independent examiner's report to the trustees of MIFAL TOV VACHESED** I report to the charity trustees on my examination of the accounts of MIFAL TOV VACHESED (the Trust) for the year ended 31 March 2025. ## **Responsibilities and basis of report** As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act'). I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all 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 confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form 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. Samuel Feigenblatt ACCA London Accounting Group Ltd Date: ............................................. Page 3 **MIFAL TOV VACHESED** ## **Statement of Financial Activities for the Year Ended 31 March 2025** |||31.3.25|31.3.24| |---|---|---|---| |||Unrestricted|| |||fund|Total funds| ||Notes|£|£| |**INCOME AND ENDOWMENTS FROM**|||| |Donations and legacies||136,938|78,359| |**EXPENDITURE ON**|||| |Raising funds||15,851|19,809| |**Charitable activities**|||| |Donations paid||77,616|84,916| |Services running costs||6,902|40,199| |Other||20,664|2,734| |**Total**||121,033|147,658| |**NET INCOME/(EXPENDITURE)**||15,905|(69,299)| |**RECONCILIATION OF FUNDS**|||| |Total funds brought forward||10,202|79,501| |**TOTAL FUNDS CARRIED FORWARD**||26,107|10,202| The notes form part of these financial statements Page 4 **MIFAL TOV VACHESED** ## **Balance Sheet 31 March 2025** ||||31.3.25|31.3.24| |---|---|---|---|---| ||||Unrestricted|| ||||fund|Total funds| ||Notes||£|£| |**FIXED ASSETS**||||| |Tangible assets||5|567|709| |**CURRENT ASSETS**||||| |Cash at bank|||26,300|10,093| |**CREDITORS**||||| |Amounts falling due within one year||6|(760)|(600)| |**NET CURRENT ASSETS**|||25,540|9,493| |**TOTAL ASSETS LESS CURRENT**||||| |**LIABILITIES**|||26,107|10,202| |**NET ASSETS**|||26,107|10,202| |**FUNDS**||7||| |Unrestricted funds|||26,107|10,202| |**TOTAL FUNDS**|||26,107|10,202| The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by: ............................................. Trustee The notes form part of these financial statements Page 5 **MIFAL TOV VACHESED** **Notes to the Financial Statements for the Year Ended 31 March 2025** ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention. ## **Income** All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. ## **Expenditure** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure. ## **Tangible fixed assets** Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. ## **Taxation** The charity is exempt from tax on its charitable activities. ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. ## **2. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024. Page 6 continued... **MIFAL TOV VACHESED** **Notes to the Financial Statements - continued for the Year Ended 31 March 2025** ## **3. STAFF COSTS** The average monthly number of employees during the year was as follows: |Administration
No employees received emoluments in excess of £60,000.
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
**EXPENDITURE ON**
Raising funds
**Charitable activities**
Donations paid
Services running costs
Other
**Total**
**NET INCOME/(EXPENDITURE)**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**|31.3.25
31.3.24
2
-
Unrestricted
fund
£
78,359
19,809
84,916
40,199
2,734
147,658
(69,299)
79,501
10,202| |---|---| ## **4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES** continued... Page 7 **MIFAL TOV VACHESED** **Notes to the Financial Statements - continued for the Year Ended 31 March 2025** ## **5. TANGIBLE FIXED ASSETS** |**5.**|**TANGIBLE FIXED ASSETS**||||| |---|---|---|---|---|---| ||||||Fixtures| ||||||and| ||||||fittings| ||||||£| ||**COST**||||| ||At 1 April 2024 and 31 March 2025||||1,132| ||**DEPRECIATION**||||| ||At 1 April 2024||||423| ||Charge for year||||142| ||At 31 March 2025||||565| ||**NET BOOK VALUE**||||| ||At 31 March 2025||||567| ||At 31 March 2024||||709| |**6.**|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE**|**YEAR**|||| |||||31.3.25|31.3.24| |||||£|£| ||Other creditors|||760|600| |**7.**|**MOVEMENT IN FUNDS**||||| |||||Net|| |||||movement|| |||At|1/4/24|in funds|At 31/3/25| ||||£|£|£| ||**Unrestricted funds**||||| ||General fund||10,202|15,905|26,107| ||**TOTAL FUNDS**||10,202|15,905|26,107| ||Net movement in funds, included in the above are as follows:||||| |||Incoming||Resources|Movement| |||resources||expended|in funds| ||||£|£|£| ||**Unrestricted funds**||||| ||General fund|136,938||(121,033)|15,905| ||**TOTAL FUNDS**|136,938||(121,033)|15,905| continued... Page 8 **MIFAL TOV VACHESED** **Notes to the Financial Statements - continued for the Year Ended 31 March 2025** ## **7. MOVEMENT IN FUNDS - continued** ## **Comparatives for movement in funds** |||Net|| |---|---|---|---| |||movement|| ||At 1/4/23|in funds|At 31/3/24| ||£|£|£| |**Unrestricted funds**|||| |General fund|79,501|(69,299)|10,202| |**TOTAL FUNDS**|79,501|(69,299)|10,202| |Comparative net movement in funds, included in the above are as follows:|||| ||Incoming|Resources|Movement| ||resources|expended|in funds| ||£|£|£| |**Unrestricted funds**|||| |General fund|78,359|(147,658)|(69,299)| |**TOTAL FUNDS**|78,359|(147,658)|(69,299)| A current year 12 months and prior year 12 months combined position is as follows: |Net
movement
At 1/4/23
in funds
At
£
£
**Unrestricted funds**
General fund
79,501
(53,394)
**TOTAL FUNDS**
79,501
(53,394)|31/3/25
£
26,107| |---|---| ||26,107| A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: ||Incoming|Resources|Movement| |---|---|---|---| ||resources|expended|in funds| ||£|£|£| |**Unrestricted funds**|||| |General fund|215,297|(268,691)|(53,394)| |**TOTAL FUNDS**|215,297|(268,691)|(53,394)| continued... Page 9 **MIFAL TOV VACHESED** **Notes to the Financial Statements - continued for the Year Ended 31 March 2025** ## **8. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 31 March 2025. Page 10 **MIFAL TOV VACHESED** ## **Detailed Statement of Financial Activities for the Year Ended 31 March 2025** |**INCOME AND ENDOWMENTS**
**Donations and legacies**
Donations
**Total incoming resources**
**EXPENDITURE**
**Raising donations and legacies**
Fundraising costs
**Charitable activities**
Activities
Depreciation
Grants to institutions
**Support costs**
**Governance costs**
Accountancy
Professional fees
Telephone
Bank charges
Wages
Travelling
Total resources expended
**Net income/(expenditure)**|31.3.25
£
136,938
136,938
15,851
6,760
142
77,616
84,518
660
-
112
744
19,038
110
20,664
121,033
15,905|31.3.24
£
78,359
78,359
19,809
40,022
177
84,916
125,115
600
938
545
651
-
-
2,734
147,658
(69,299)| |---|---|---| This page does not form part of the statutory financial statements Page 11