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← March Of The Living (UK) Limited

2024-06-30-accounts

Docusign Envelope ID: F410BEB5-2AB3-4466-BA61-2998FCEC6E55

Charity registration number 1138604 (England and Wales) Company registration number 07283748

MARCH OF THE LIVING (UK) LIMITED

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

Docusign Envelope ID: F410BEB5-2AB3-4466-BA61-2998FCEC6E55

MARCH OF THE LIVING (UK) LIMITED

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees J Smith
P Heideman
S Saunders
A Hyams
M Smaje
D Green (Appointed 4 December 2023)
J Woolf (Appointed 28 August 2024)
J Sank De Costa (Appointed 28 August 2024)
Chief executive C Ozer
Charity number (England and Wales) 1138604
Company number 07283748
Registered office 1 Chalgrove Gardens
Finchley
London
United Kingdom
N3 3PL
Independent examiner H Woolf FCA
Gerald Edelman LLP
London
EC3V 3QQ
Bankers Metro Bank
1 Southampton Row
London
WC1B 5HA
Solicitors Adams & Remers
Trinity House
School Hill
Lewes
Sussex
BN7 2NN

Docusign Envelope ID: F410BEB5-2AB3-4466-BA61-2998FCEC6E55

MARCH OF THE LIVING (UK) LIMITED

CONTENTS

Page
Trustees' report 1 - 2
Statement of Trustees' responsibilities 3
Independent examiner's report 4
Statement of financial activities 5
Balance sheet 6
Statement of cash flows 7
Notes to the financial statements 8 - 15

Docusign Envelope ID: F410BEB5-2AB3-4466-BA61-2998FCEC6E55

MARCH OF THE LIVING (UK) LIMITED

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 30 JUNE 2024

The Trustees present their report and accounts for the year ended 30 June 2024.

The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the Charity's governing document, the Companies Act 2006 and the Statement of Recommended Practice, "Accounting and Reporting by Charities", issued in March 2005.

Objectives and activities

The Charity's objectives are:

  1. The advancement of education for the public benefit in the events leading up to, surrounding and concerning the Holocaust.

  2. The promotion of racial and religious harmony for the public benefit by commemorating and remembering the victims of the Holocaust.

The policies adopted in furtherance of these objects are that each year the annual event retraces the steps of the March of Death, the actual route which countless numbers of people were forced to take on their way to the gas chambers at Birkenau. There has been no change in this policy during the year.

The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the Charity should undertake.

All Trustees give their time freely and no trustees remuneration or other benefits were paid in the period under review.

Achievements and performance

During the year the charity organised its annual five- day March of the Living programme. This event involved a series of educational programmes including seminars and workshops held both before and after the trip to Poland. The trip to Poland includes a march from Auschwitz to Birkenau known as the March of Death. This time however it is a March of the Living with a memorial service held at one of the gas chambers/crematoria in Birkenau.

Financial review

The net expenditure for the year was £24,472 (2023: £23,784).

Income totalled £854,850 (2023: £632,557) including donations of £616,294 (2023: £483,371). The sum of £238,556 (2023: £149,186) was also received in contributions for the trips to Poland.

Total expenditure was £879,322 (2023: £656,431). Of this sum £646,541 (2023: £446,910) represented expenses directly relating to the organised trips to Poland and the sum of £222,575 (2023: £198,677) related to support costs.

The charitable company has no significant reserves and continues to rely on donations from third parties and from March of the Living International to continue its activities.

Having reviewed the charity's financial forecast and expected future cash flows , the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future, a period of not less than 12 months from the date of approval of these financial statements.

Accordingly, the Trustees continues to adopt the going concern basis in preparing the financial statements for the year ended 30 June 2024. Further details regarding adoption of the going concern basis can be found in note 1.2 to the financial statements.

The Trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

Docusign Envelope ID: F410BEB5-2AB3-4466-BA61-2998FCEC6E55

MARCH OF THE LIVING (UK) LIMITED

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024

Structure, governance and management

The charity is a company limited by guarantee for the purpose of commemorating and understanding the Holocaust. It was set up on 27 October 2010 and is governed by its memorandum and articles of association.

The Trustees who are also directors for the purpose of company law, and who served during the year were: J Smith

P Heideman S Saunders B Markeson (Resigned 21 March 2024) A Hyams M Smaje D Green (Appointed 4 December 2023) J Woolf (Appointed 28 August 2024) J Sank De Costa (Appointed 28 August 2024)

The power of appointment of new Trustees is vested in the serving Trustees. It is the policy of the charitable company to provide new Trustees appointed with background information regarding its affairs, including accounts, in order that they can obtain a sufficient level of knowledge to enable them to perform their roles effectively.

The number of Trustees should be no less than three and (unless otherwise determined by ordinary resolution) shall not be subject to any maximum.

None of the Trustees has any beneficial interest in the company. All of the Trustees are members of the company and guarantee to contribute £10 in the event of a winding up.

March of the Living (UK) Limited (MTLUK) is connected to March of the Living International (MLI), a US based charity. MTLUK is responsible for fundraising and raising awareness of the charitable objectives. Each year a subsidised trip is organised by MLI the costs of which are funded by MTLUK. In January 2024 the Trustee S Saunders was appointed as Chairman of March of the Living International.

The Trustees meet formally on a regular basis to discuss and review ongoing matters relating to the charity. The day to day administration is delegated to the chief executive Cassie Ozer.

The Trustees' report was approved by the Board of Trustees.

S Saunders

Trustee

30/4/2025 29 April 2025

Docusign Envelope ID: F410BEB5-2AB3-4466-BA61-2998FCEC6E55

MARCH OF THE LIVING (UK) LIMITED

STATEMENT OF TRUSTEES' RESPONSIBILITIES

FOR THE YEAR ENDED 30 JUNE 2024

The Trustees, who are also the directors of March of the Living (UK) Limited for the purpose of company law, are responsible for preparing the Trustees' Report and the accounts in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare accounts for each financial year which give a true and fair view of the state of affairs of the Charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.

In preparing these accounts, the Trustees are required to :

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

Docusign Envelope ID: F410BEB5-2AB3-4466-BA61-2998FCEC6E55

MARCH OF THE LIVING (UK) LIMITED

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF MARCH OF THE LIVING (UK) LIMITED

I report to the Trustees on my examination of the financial statements of March of the Living (UK) Limited (the charity) for the year ended 30 June 2024.

Responsibilities and basis of report

As the Trustees of the charity (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.

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

Independent examiner's statement

Since 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 the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

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

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.

H Woolf FCA

Gerald Edelman LLP

73 Cornhill London EC3V 3QQ

29 April 2025 30/4/2025

Docusign Envelope ID: F410BEB5-2AB3-4466-BA61-2998FCEC6E55

MARCH OF THE LIVING (UK) LIMITED

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 30 JUNE 2024

Unrestricted
Restricted
funds
funds
2024
2024
Notes
£
£
Income from:
Donations and legacies
2
581,294
35,000
Charitable activities
3
238,556
-
Total income
819,850
35,000
Expenditure on:
Raising funds
4
10,206
-
Charitable activities
5
834,116
35,000
Total expenditure
844,322
35,000
Net expenditure and movement in funds
(24,472)
-
Reconciliation of funds:
Fund balances at 1 July 2023
49,883
-
Fund balances at 30 June 2024
25,411
-		 Total
Unrestricted
funds
2024
2023
£
£
616,294
483,371
238,556
149,186
854,850
632,557
10,206
10,754
869,116
645,587
879,322
656,341
(24,472)
(23,784)
49,883
73,667
25,411
49,883

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

Docusign Envelope ID: F410BEB5-2AB3-4466-BA61-2998FCEC6E55

MARCH OF THE LIVING (UK) LIMITED

BALANCE SHEET

AS AT 30 JUNE 2024

2024 2023
Notes £ £ £ £
Fixed assets
Tangible assets 10 1 1
Current assets
Debtors 11 167,383 22,779
Cash at bank and in hand 12,797 36,909
180,180 59,688
Creditors: amounts falling due within 12
one year (154,770) (9,806)
Net current assets 25,410 49,882
Total assets less current liabilities 25,411 49,883
The funds of the charity
Unrestricted funds 25,411 49,883

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 30 June 2024.

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

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Trustees on 29 April 2025

S Saunders
Trustee 30/4/2025

Company registration number 07283748 (England and Wales)

Docusign Envelope ID: F410BEB5-2AB3-4466-BA61-2998FCEC6E55

MARCH OF THE LIVING (UK) LIMITED

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 JUNE 2024

2024
Notes
£
Cash flows from operating activities
Cash absorbed by operations
16
Net cash generated from investing activities
Net cash generated from financing activities
Net decrease in cash and cash equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year		 2023
£
£
£
(24,112)
(116,953)
-
-
-
-
(24,112)
(116,953)
36,909
153,862
12,797
36,909

Docusign Envelope ID: F410BEB5-2AB3-4466-BA61-2998FCEC6E55

MARCH OF THE LIVING (UK) LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

1 Accounting policies

Charity information

March of the Living (UK) Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is 1 Chalgrove Gardens, Finchley, London, N3 3PL, United Kingdom.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "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)". The charity is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.4 Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

Docusign Envelope ID: F410BEB5-2AB3-4466-BA61-2998FCEC6E55

MARCH OF THE LIVING (UK) LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024

1 Accounting policies

(Continued)

1.5 Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals basis and the irrecoverable element of VAT is included in the expenses to which it relates.

Fundraising costs include costs incurred in raising the profile of the charity to include marketing and website provision.

Charitable expenditure relates to those costs incurred directly associated with the provision of services relating to the the primary objectives of the charity being costs incurred either directly or costs in supporting such activities.

Support costs include governance costs which cover expenditure relating to public accountability of the charity and its compliance with regulation and good practice. These costs include those incurred with regard to strategic planning, legal and accountancy fees and meeting its statutory obligations.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and machinery 33.3% straight line Computers 33.3% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Docusign Envelope ID: F410BEB5-2AB3-4466-BA61-2998FCEC6E55

MARCH OF THE LIVING (UK) LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024

1 Accounting policies

(Continued)

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, 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.

Basic financial liabilities

Basic financial liabilities, including creditors are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. 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 transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.10 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2 Donations and legacies

Unrestricted Restricted Total Unrestricted
funds funds funds
2024 2024 2024 2023
£ £ £ £
Donations and gifts 581,294 35,000 616,294 483,371

Docusign Envelope ID: F410BEB5-2AB3-4466-BA61-2998FCEC6E55

MARCH OF THE LIVING (UK) LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2024

3
Charitable activities
Contributions from event participators
4
Expenditure on raising funds
Costs of generating donations
Staging fundraising events
5
Charitable activities
Annual trip to Poland
Share of support costs (see note 6)
Share of governance costs (see note 6)
Analysis by fund
Unrestricted funds
Restricted funds
For the year ended 30 June 2023
Unrestricted funds		 2024
£
238,556
2024
£
10,206
2024
£
646,541
222,575
4,320
869,116
834,116
35,000
869,116
645,587		 2023
£
149,186
2023
£
10,754
2023
£
446,910
198,677
-
645,587
645,587
-
645,587

Docusign Envelope ID: F410BEB5-2AB3-4466-BA61-2998FCEC6E55

MARCH OF THE LIVING (UK) LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2024

6 Support costs

Support
costs
Governance
costs
£
£
Staff costs
88,277
-
Depreciation
-
-
Legal & professional
44,921
-
Insurance
5,757
-
Advertising and website
41,376
-
Printing, postage and stationary
5,877
-
Sundry expenses
753
-
Rent
17,989
-
Telephone
-
-
Computer running costs
11,264
-
Travel
2,041
-
Independent examination fees
-
4,320
218,255
4,320
7
Net movement in funds
The net movement in funds is stated after charging/(crediting):
Fees payable for the independent examination of the charity's financial
statements
Depreciation of owned tangible fixed assets		 2024
£
88,277
-
44,921
5,757
41,376
5,877
753
17,989
-
11,264
2,041
4,320
222,575
2024
£
4,320
-		 2023
£
109,997
450
2,410
2,242
34,420
2,191
3,029
17,420
282
11,629
10,287
4,320
198,677
2023
£
4,320
450

8 Trustees

None of the Trustees (or any persons connected with them) received any remuneration during the year. No expenses were paid to the Trustees in the year.

9 Employees

The average monthly number of employees during the year was:

2024 2023
Number Number
2 2

Docusign Envelope ID: F410BEB5-2AB3-4466-BA61-2998FCEC6E55

MARCH OF THE LIVING (UK) LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024

9
Employees
Employment costs
Wages and salaries
Social security costs
Other pension costs
The number of employees whose annual remuneration was more than £60,000
is as follows:
£60,000 to £70,000
Remuneration of key management personnel
Aggregate compensation
10
Tangible fixed assets
Plant and
machinery
£
Cost
At 1 July 2023
916
At 30 June 2024
916
Depreciation and impairment
At 1 July 2023
916
At 30 June 2024
916
Carrying amount
At 30 June 2024
-
At 30 June 2023
-		 (Continued)
2024
2023
£
£
77,646
102,101
8,810
5,866
1,821
2,030
88,277
109,997
2024
2023
Number
Number
1
-
2024
2023
£
£
70,000
-
Computers
Total
£
£
2,702
3,618
2,702
3,618
2,701
3,617
2,701
3,617
1
1
1
1		 (Continued)
2024
2023
£
£
77,646
102,101
8,810
5,866
1,821
2,030
88,277
109,997
2024
2023
Number
Number
1
-
2024
2023
£
£
70,000
-
Computers
Total
£
£
2,702
3,618
2,702
3,618
2,701
3,617
2,701
3,617
1
1
1
1
109,997
2023
Number
-
2023
£
-
Total
£
3,618
3,618
3,617
3,617
1
1

Docusign Envelope ID: F410BEB5-2AB3-4466-BA61-2998FCEC6E55

MARCH OF THE LIVING (UK) LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024

11 Debtors

Amounts falling due within one year:
Trade debtors
Other debtors
Prepayments and accrued income
12
Creditors: amounts falling due within one year
Other taxation and social security
Other creditors
Accruals and deferred income
13
Retirement benefit schemes
Defined contribution schemes
Charge to profit or loss in respect of defined contribution schemes		 2024
£
1,000
165,083
1,300
167,383
2024
£
-
560
154,210
154,770
2024
£
1,821		 2023
£
250
21,229
1,300
22,779
2023
£
2,621
7,185
-
9,806
2023
£
2,030

The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.

14 Related party transactions

Included in the costs of the annual event is the sum of £358,000 (2023: £323,260) which represented expenses reimbursed to March of the Living International which is a connected charity.

Included in creditors is the sum of £nil (2023: £7,186) due to the Trustee S Saunders.

Donations were made to the charity by Trustees in the year in the sum of £30,808.

15 APB Ethical Standard relevant circumstances

In common with many entities of our size we use our independent examiners to assist with the preparation of the accounts.

Docusign Envelope ID: F410BEB5-2AB3-4466-BA61-2998FCEC6E55

MARCH OF THE LIVING (UK) LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2024

16 Cash absorbed by operations 2024 2023
£ £
Deficit for the year (24,472) (23,784)
Adjustments for:
Depreciation and impairment of tangible fixed assets - 450
Movements in working capital:
Increase in debtors (144,604) (21,479)
Increase/(decrease) in creditors 144,964 (72,140)
Cash absorbed by operations (24,112) (116,953)