COMPANY REGISTRATION NUMBER: 08201539 CHARrrY REGISTRATION NUMBER: 1148853 Manchester Charitable Trust Ltd Company Limited by Guarantee Unaudited Financial Statements 5 April 2024 Chartered Certified Accountants Rico House George Street Manchester M25 9WS
Manchester Charitable Trust Lld Company Limlted by Guarantee Flnanclal Statements Year ended 5 Aprll 2024 Page Trustees, annual report (incorporating the director's report) Independent examinerfs report to Ihe trustees Statement of financial activities (including income and expenditure account) Statement of financial position Notes to the financial statements
Manchester Charilable Trust Lld Company Limlted by Guaraniee Trusiees. Annual Report (Incorporating the Dlrector's Report) Year ended 5 Aprll 2024 Thg trust8es, who are also the directors lor the purposes ol company law. present their ieport and the unaudiled financial 51al8ments ol the charity lor the year ended 5 April 2024. Relerenca and admlnlglrallve datall8 Regl8tered eharlty name Manchester Charllable Trust Ltd Charlty regl8tratlon number 1148853 Company r•gl8tratlon number 08201539 Prlnclp•l olllce and reglstéred clo LopSan Gross Barnet otllce 1 st Floor Cloister House New Balley Street Manchester M3 5FS Th• tru8toes Mr YY Fulda Mr J Neumann Mr S Frankel Mr IM Shaplro Independent examlner Yisroel Leven50n FCCA CTA Flico House George Stre81 Manchester M25 9WS Structure, governanc• and managornent Manchester Charitable Twst limited Is consllluled by Memorandum and Articles ot Associallon and is a company limlled by guarantee. 11 was incorporated on 4 September 2012 as a company and the company number is 08201539. li was reglslered as a charity on 6 Seplember 2012 with a charity number 1148853. Recruilmenl and appointment of new Irustees would be in line th the Memorandum and Articles ol Association and with Ihe consent ol the trustees. The crileTia sel lor the suitable candidate would be someone who is sensillve lo the needs and demands ol the organisalion. Oblectlv88 and actlvltlos The objectives ol the charity are the prevention or relief ol poverty or flnanclal hardship by providlng.. grant5 to indiwduals in need andloi charity to other organizations working lo prevent or relieve poverty or financial hardship.
Manchester Charitable Trusl Ltd Company Llmited by Guarantee Trusiees. Annual Report (Incorporating the Direciorfs Report) fntInued) Year ended 5 Aprll 2024 Strateglc report The lollowsng sections lor achievements and performance and Ilnancial review form the strategic report ot the charlty. Achlevements and performance Ouring the year the charfty made a significant amount ol charitable grants in accordance with 115 objecllves. Flnan¢lol revl8W At 5 April 2024 the charity held unrestrlcted tree reserv88 01 £53,61912022; £17,445). The trustees, annual report and the strategic report were approved on 4 February 2025 and signed on behalf ol the board ol trustees by.. Mr S Frankel Trustee
Manchester Charitable Trust Ltd Company Limited by Guarantee Independent Examiner's Report to Ihe Trustees of Manchester Charitable Trust Ltd Year ended 5 Aprll 2024 I report lo the trustees on my ¢xaminalion ol the financial slalemenls of Manchester Charitable Trust Ltd I'lhe charily'l lor the year ended 5 April 2024. Respon81bllltlo9 and bo818 of report As the Iruslees of the company land also ils difeclors for the puiposes of Company lawl you are responsible lor th8 preparation ol the linancial siaiemonls in a¢¢ordance wllh the requirements ol the Companies Aci 20061.lhe 2006 kl'l. Having satisfied myself that the accounts ol the company are not requlred lo be audi18d under Part 16 ol the 2006 Act and are ellolble lor independent examnatIon, I report in rèspèci Qf my examination ol the charity's accounts as carried out under seclion 145 01 the Charities A¢t 201 t I'lhe 2011 Acl'l. In carrying out my examination I have lollowed Iho Dlreclion8 given by the Charity Commission under $eGlion 14515llbl ol Ihe 2011 Act. Independent examiner'8 Jtatemenl I have complgled my oxarninaiion. l confirm that no matters have come lo my attention in conneclion with the examination giving me cause lo believe.. accounting records were not k8pI in r88P8cI ol Ihe charity as required by $o¢1ion 386 01 the 2006 Act., or the financial slalemenls do not accord with Ihose records., or th• financial slalemenls do not comply with the accounting fequiramenls ol seclion 396 01 the 2006 Acl other than any requirement Ihal th8 accounts glve a 'lrue and lair, view which is not a matter consldered as part of an independent examination., or the financial siai•monls hav8 not been ppared in accordance with the methods and principles ol the Slalemenl ol Aecommended Practice loi accounting and rèporting by Charitiès applicabl• lo eharilies preparing their accounts in accordance with the Financial Reporting Standard applicable in Ihe UK and RopublSc ol Iroland IFRS 1021. I have no con¢8rns and have Come across no other matters in conneclion with the 8xaminalion 10 which allenlion should be drawn in this roport in order lo enable a proper und•rslandlng ol the accounts lo reached. Yisroel Levenson FCCA CTA Independent Examiner Rico House Gearge Streel Manchester M259WS
Manchester Charitable Trust Lld Company Llmiied by Guarantee Staiement of Flnancial Aciivltles (includlng Income and expendlture account) Year ended S Aprll 2024 2024 Unr8slricled lunds Total lund8 Total funds 2023 Not• Income and endowment8 Donations and18gacies Total Income 88,839 88,839 88,839 88,839 107,454 107,454 Expendlture Expgndilure on charflable acllvllies Total axpendlturn 52,665 52,665 52,665 52,665 90,343 90,343 Net Ineome and net movement In fund8 36,174 36,174 17,111 Reconclll•tlon of lunds Tolal funds brought forward Total tunds carrl•d fonward 17,445 53,619 17.445 334 53,619 17,445 The stalemenl ol flnanclal acllvllles includes all gains and losses recognised in the year. All income and expenditure dertve from conllnuing actlvities. Th• notes on poges 6 10 10 form pgrt of the69 flnanclal stat8mont$.
Manchester Charitable Trust Ltd Company Limited by Guarantee Statemenl of Flnanclal Position 5 Aprll 2024 2024 2023 Not• Current OSSets Cash al bank and in hand 53,619 53,619 53,619 17,445 17,445 17,445 Net current ag8018 Total a88etJ less cuirent Ilabllltl83 Funds of the chorlty Unreslricled lunds 53.619 53,619 17,445 17,445 Total charlty lund8 12 For the year ending 5 Aprfl 2024 the charity was enlitl8d to exemption from audll under secllon 477 of the Companies Act 2006 relating to small companies. Dlreclors, responsi,11ties'. The members have not required the company lo oblaln an audll of its financial slatemenls tor the year In question in accordance wlh section 476., The dlreclors acknowledgo their responsibilities for complying Yth the r8quirements ot the Act wllh respect lo aocounling records and the preparation ol linanclal slalemenls. These Ilnanclal statements have been prepaied In accordance th the Fiowsions applicable to companles subjecl to ihe small companles, regime. Thes8 Ilnancial statements were approved by the board ol Iru51ees and authorised lor Issue on 4 February 2025, and are signed on behalf ol the board by.. Mr S Frankel Trustee The noie8 on pag•8 6 to 10 form part ol Iho8• flnanclal statem•ntS.
Manchester Charitable Trust Ltd Company Limited by Guarantee Notes to the Financial Staiements Year ended S Aprll 2024 Ganorol Inlonnation The charlty is a public benefit enlily and a private company limited by guarantee, registered in England and Wales and a registered charity In England and Wales. The address ol the fegislered ollice is clo LOan Gross Barnel, 1 st Floor, Cloister House, New Bailey Slr8el, Manchester, M3 5FS. statement ol compllanc• These financial slalemenls have been prepared In compllance with FRS 102, The Financlal Reporting Standard applicable in the UK and the Republic ol Ireland,, the Slalemenl ol Recommended Practice applicable to charilles preparSng their accounts in accordance with the Financial Reporting Standard applicable In the UK and Republic ol Ireland IFRS 1021 Ichaiities SORP IFRS 10211 and the Companies Act 2006. Accounllng pollcl•• 8asl¥ ol preparatlon The Ilnancial statements have been prepared on th8 historical cost basis, as mod511ed by the revaluation ol certaln linancial assets and liabilities and investment pr(¥Jerties measured al lalr value through income or expenditure. The linanclal slalemenls are prepared In slerflng, whlch Is the luncllonal currency of the enllty. Golng Concern There are no material uncertainties about the charllls abllily lo continue. Judg•m•nts •nd key sources of •8tlmatlon uncgrtalnty The preparation of the financial statements requlres managemenl lo make judgements. eslimales and assumptions Ihal alfecl the amounts reported. These esllmates and judgements are conlinually reviewed and aro based on experience and other laclor5, includlng expectations ol lulure events that are believed to be reasonable under the clrcumstances. Fund accountlng UnreslriGled funds are available lor use at Ihe discretion of Ihe trustees lo further any of the charity's purposes. Designated funds are unreslrlcted tunds earmarked by the Irustees lor particular lulure project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms ol an appeal, and fall into one ol two SuClaSses.. reslricled income funds or endowment funds.
Manchester Charilable Trusl Ltd Company Limiled by Guaranlee Notes to the Flnanclal Statements (¢onUnu•d) Year ended 5 Aprll 2024 Accountlng pollcles (contlnu8dl Incomlna resources All incoming resources are included in the statement of financlal aclimties when enlltlement has passed lo the charity., it is probable that the economic benefits associated with the transaction wlll flow lo the charity and the amount can be rellably measured. The following specific policles are applied to particular ¢alegories ol income. income Irom donations or grants is recognised when there15 evSdence ol enlitlemenl to the gill, receipt is probable and ils amount can be measured reliably. legacy income is recognised when receipt is probable and enlillement Is established. income from donated goods is measured al the lair value ot the goods unless this Is impractical to measure reliably, in which case the value is derived from the cost lo the donor or the esllmaled resale value. Donated lacililies and services are recognlsed in the accounts %then recelved il the value can be reliably measured. No amounts are included lor thè conlrlbullon ol general volunteers. Income from contracts lor the suppty ol services is recognised with the delivery ol the contracted servlce. This is classS1ied as unreslricled funds unless there Is a conlractual requirement tor il lo be spent on a particular purpose and returned il unspent, in whlch case il may be regarded as leslricled. R•sour¢o8 oxponded Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be lully recovered, and is clas5ilied under headings ol Ihe slalemenl ol financial activities lo which it relates.. expenditure on ialslng funds Sncludes the costs ot all lundralsin9 activilies, 8venls, non- charitable trading aclivlli8s, and the sale ol donated goods. expendlture on charftable aclivltles includes all costs Incurred by a charity in undertaklng activities that further Its charitable aims for the benefit ol ils beneficiaries, including those support costs and costs relallng lo the governance ol the chafily apportioned to charitable aclivilies. other expenditure includes all expendllure that is nellher related to raising funds lor the charity nor part ol its expenditure on charitable activities. All Gosts are allocated to expenditure categories reflecting the use of the resource. Dlrecl cosls attributable lo a single activity are a11ocaled directly lo that aclivily. Shared costs are apportioned between the acliwlies they Contribute lo on a reasonable, justifiable and Consislenl basis. Flnanclal InstrurnentS A financial assel or a financial liability is re¢ognised only when the ¢harity becomes a party lo the Gontractual provisions ol the instrument.
Manchester Charitable Trust Ltd Company Llmlted by Guarantee Noies to the Flnancial Slatements (continued) Year ended 5 April 2024 Accountlng policies (¢Onllnu•d? Flnanclal Instruments (contlnued) Basic financial instruments are initially recognised at the amount receivable or payabl8 includlng any related transaction c051s. Gurrenl assets and current Ilabililies are subsequently measured al Ihg cash or other consideration expected lo be pald or received and nol discounted. Debt instruments are subsequently measured al amortised cost. Where Inveslmenls in Shares are publicly traded or their lair value can olherwlse be measured reliably, the inveslmenl is subsequenlly measured at lair value wlth changes in lair value recognised in inGome and expendlture. All other such investments are subsequenily measured at cost less impairmenl. Other Ilnanclal instruments, inclLsding derivallves, are inilially recognls8d al lair value, unless payment for an asset is deferred beyond normal business terms or financed at a rale ol interest that is not a market rate, in which case the asset is measured at the present value of the tulure payments dlscounled al a market rale ol inleresl lor a similar debt instrument. Other financial inslrumenls are subsequently measured al lalr value, with any changes re¢ognised in the statement ol linanclal aclivilies, wllh the exceptlon ol hedging insliuments in a deslgnaled hedging relationship. Flnancial assets that are measured al cost or amortlsed cost are reviewed lor objective ewdence ol ImpaSrmenl al the end ol each reporting date. 11 there Ss objective evidence of impairment, an Impalrmenl loss Is recognlsed under the appropriate heading in the slal8ment ot finanelal actlvllies In whlch the initial galn was recognised. For all equity instruments rfrgardless ol signlllcance, and other tinancial a5s8ls that are individually signilicanl. these are assessed indlvidually for impairrnenl. other linanclal assels are either assessed individually or grouped on the basis of similar credit risk characlerisllcs. Any reversals ol impalrmenl are r8cognised Immediately, lo the exlenl that the ieversal d08s nol result in a carrying amount ol the linanGial asset that exceeds what the carrying amount would have been had the impalrmenl not prewously been recognised. Llmlted by guarantee The charity Is limited by guarantee and has no share capital. The liability of each member in the event ol winding up Is limited lo £10. Donatlons and legacle• Unreslricled Total Funds Unrestricted Tolal Funds Funds 2024 Funds 2023 Donatlons Donations 88,839 88,839 107,454 107,454
Manchester Charilable Trust Ltd Company Llmlted by Guarantee Noies to the Flnanclal Stalements (¢onlinuedJ Year ended S Aprll 2024 Expendlturg on charltsblo actlvltles by lund type Unrestricted Tal Funds Uniestrlcled Total Funds Funds 2024 Funds 2023 Grants payable actlwty Support costs 50,390 2,275 52,665 50,390 2,275 52,665 90,240 103 90,240 103 90,343 90,343 Expondlturn on charttablo •¢tlvltlo8 by actlvlty typ• Grant funding ol activities Support costs Totsl funds 2024 Total fund 2023 Grants payable activity 50,390 2,275 52,665 90,343 Analysls ol support costs Analysis ol support costs Tot•1 2024 Total 2023 Govemance costs 2,275 2,275 103 AnalyAls ol gt•nt8 2024 2023 Grants to Instltutlon8 Brlllsh Friends ol Kollel Rabbl Yechlol Bederech Kovod 6,010 1,350 17,240 600 10,860 2,450 31,040 Chomel Dallm 25,200 44,350 Grants lo Indlvlduals Gran1510 individuals 25,190 50.390 45,890 Total grants 90,240 10. Stall costs The average head count ol employees during the year was Nil12023.' Nill- No empk)yee received employee benefits ol more than £60,000 during the year12023'. Nill.
Manchester Charitable Trusl Ltd Company Limited by Guarantee Notes to Ihe Flnanclal Statements f¢OnU¢d) Year ended 5 April 2024 11. Trustee rnmunoratlon and axpen80* No remuneralion or other beneflls Irom employment wlth the charity or a Yelated entity were received by the Iruslees. 12. Anoly818 of charltablo fund8 Unrestrfcted lund8 Al 6 Aprll 2023 At Income Expenditure 5 Aprfl 2024 General funds 17,445 88,839 IS2,6651 53,619 At 6 April 2022 At Income Expendlture 5 April 2023 General funds 334 107.454 190,3431 17,445 13. Analy•li of net asset8 betweon lunds Unrestricted Total Funds Funds 2024 Current assets 53,619 53,619 Unrestricted Total Funds Funds 2023 Current assets 17,445 17,445 10