**REGISTERED CHARITY NUMBER: 1152098**
## **REPORT OF THE TRUSTEES AND**
**UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024**
## **FOR**
## **M.L.T BELZ CHARITABLE INCORPORATED ORGANISATION (C.I.O)**
Venitt and Greaves Chartered Accountants 115 Craven Park Road South Tottenham London N15 6BL
**M.L.T BELZ CHARITABLE INCORPORATED ORGANISATION (C.I.O)**
**CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024**
|||**Page**||
|---|---|---|---|
|**Report of the Trustees**|1|to|2|
|**Independent Examiner's Report**||3||
|**Statement of Financial Activities**||4||
|**Statement of Financial Position**||5||
|**Notes to the Financial Statements**|6|to|10|
## **M.L.T BELZ CHARITABLE INCORPORATED ORGANISATION (C.I.O)**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MAY 2024**
The trustees present their report with the financial statements of the charity for the year ended 31 May 2024. 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**
The advancement of the Orthodox Jewish religion,Orthodox Jewish education and education in general. The relief of poverty, sickness and infirmity for the public benefit.
## **Public benefit**
The Trustees have taken due heed of their obligations relating to Public Benefit Duty affecting charities, as well as to their obligations under the Equalities Act 2010. The Trustees are satisfied that they meet their obligations.
## **Grantmaking**
Grants are made at the discretion of the trustees and in accordance with the principal objectives of the charity.
## **ACHIEVEMENT AND PERFORMANCE**
## **Charitable activities**
During the period under review the charity provided a soup kitchen for those in poverty. The charity also ran a camp for the under privileged. The charity received donations totalling £471,940 (2023 - £420,544). Grants to other charities amounted to £500 (2023 - Nil).
## **FINANCIAL REVIEW**
## **Reserves policy**
The reserves policy is to ensure that there is a sufficient stream of income to meet the working capital of the charity.
## **FUTURE PLANS**
The future goals of the charity are to continue carrying out its objectives.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
M.L.T. Belz is a Charitable Incorporated Organisation (CIO), registered with the Charity Commission and governed by its constitution dated 9th May 2013.
## **Recruitment and appointment of new trustees**
It is not currently the intention of the trustees of the charity to appoint new trustees. Should this situation change in the future, the trustees will apply suitable recruitment and training procedures.
## **Risk management**
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number**
1152098
## **Principal address**
18 Reizel Close Stamford Hill London N16 5GY
Page 1
**M.L.T BELZ CHARITABLE INCORPORATED ORGANISATION (C.I.O)**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MAY 2024**
## **Trustees**
D E Bard Director A Spitzer Student E Hoffman Student
## **Independent Examiner**
M A Venitt A.C.A Venitt and Greaves Chartered Accountants 115 Craven Park Road South Tottenham London N15 6BL
## **Solicitors**
Bude Nathan Iwanier 1-2 Temple Fortune Parade Bridge Lane London NW11 0QN
Approved by order of the board of trustees on 25 March 2025 and signed on its behalf by:
D E Bard - Trustee
Page 2
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF M.L.T BELZ CHARITABLE INCORPORATED ORGANISATION**
## **(C.I.O)**
**Independent examiner's report to the trustees of M.L.T BELZ CHARITABLE INCORPORATED ORGANISATION (C.I.O)**
I report to the charity trustees on my examination of the accounts of M.L.T BELZ CHARITABLE INCORPORATED ORGANISATION (C.I.O) (the Trust) for the year ended 31 May 2024.
## **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**
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can 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 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.
M A Venitt A.C.A
Venitt and Greaves Chartered Accountants 115 Craven Park Road South Tottenham London N15 6BL
25 March 2025
Page 3
## **M.L.T BELZ CHARITABLE INCORPORATED ORGANISATION (C.I.O)**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MAY 2024**
|31.5.24
Unrestricted
fund
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
471,940
Investment income
2
80
**Total**
472,020
**EXPENDITURE ON**
**Charitable activities**
General Fund
461,777
**NET INCOME/(EXPENDITURE)**
10,243
**RECONCILIATION OF FUNDS**
Total funds brought forward
15,577
**TOTAL FUNDS CARRIED FORWARD**
25,820|31.5.23
Total
funds
£
420,544
76
420,620
432,069
(11,449)
27,026
15,577|
|---|---|
The notes form part of these financial statements
Page 4
## **M.L.T BELZ CHARITABLE INCORPORATED ORGANISATION (C.I.O)**
## **STATEMENT OF FINANCIAL POSITION 31 MAY 2024**
|||31.5.24|31.5.23|
|---|---|---|---|
|||Unrestricted|Total|
|||fund|funds|
||Notes|£|£|
|**FIXED ASSETS**||||
|Tangible assets|6|9,340|10,988|
|**CURRENT ASSETS**||||
|Cash at bank||20,664|8,175|
|**CREDITORS**||||
|Amounts falling due within one year|7|(4,184)|(3,586)|
|**NET CURRENT ASSETS**||16,480|4,589|
|**TOTAL ASSETS LESS CURRENT**||||
|**LIABILITIES**||25,820|15,577|
|**NET ASSETS**||25,820|15,577|
|**FUNDS**|8|||
|Unrestricted funds||25,820|15,577|
|**TOTAL FUNDS**||25,820|15,577|
|||||
The financial statements were approved by the Board of Trustees and authorised for issue on 25 March 2025 and were signed on its behalf by:
E Hoffman - Trustee
A Spitzer - Trustee
The notes form part of these financial statements
Page 5
## **M.L.T BELZ CHARITABLE INCORPORATED ORGANISATION (C.I.O)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024**
## **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.
Plant and machinery - 15% on reducing balance
## **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.
continued...
Page 6
**M.L.T BELZ CHARITABLE INCORPORATED ORGANISATION (C.I.O)**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MAY 2024**
## **2. INVESTMENT INCOME**
|**INVESTMENT INCOME**|||
|---|---|---|
||31.5.24|31.5.23|
||£|£|
|Interest receivable - trading|80|76|
## **3. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 May 2024 nor for the year ended 31 May 2023.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 May 2024 nor for the year ended 31 May 2023.
## **4. STAFF COSTS**
The average monthly number of employees during the year was as follows:
|Administration|31.5.24
6|31.5.23
4|
|---|---|---|
|No employees received emoluments in excess of £60,000.|||
|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**|||
|**INCOME AND ENDOWMENTS FROM**||Unrestricted
fund
£|
|Donations and legacies||420,544|
|Investment income||76|
|**Total**||420,620|
|**EXPENDITURE ON**|||
|**Charitable activities**|||
|General Fund||432,069|
|**NET INCOME/(EXPENDITURE)**||(11,449)|
|**RECONCILIATION OF FUNDS**|||
|Total funds brought forward||27,026|
|**TOTAL FUNDS CARRIED FORWARD**||15,577|
## **5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
continued...
Page 7
## **M.L.T BELZ CHARITABLE INCORPORATED ORGANISATION (C.I.O)**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MAY 2024**
## **6. TANGIBLE FIXED ASSETS**
|**COST**
At 1 June 2023 and 31 May 2024
**DEPRECIATION**
At 1 June 2023
Charge for year
At 31 May 2024
**NET BOOK VALUE**
At 31 May 2024
At 31 May 2023
**7.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Taxation and social security
Other creditors
**8.**
**MOVEMENT IN FUNDS**
At 1.6.23
£
**Unrestricted funds**
General fund
15,577
**TOTAL FUNDS**
15,577
Net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
472,020
**TOTAL FUNDS**
472,020|Plant and
machinery
£
47,410
36,422
1,648
38,070
9,340
10,988
31.5.24
31.5.23
£
£
1,274
466
2,910
3,120
4,184
3,586
Net
movement
At
in funds
31.5.24
£
£
10,243
25,820
10,243
25,820
Resources
Movement
expended
in funds
£
£
(461,777)
10,243
(461,777)
10,243|
|---|---|
continued...
Page 8
**M.L.T BELZ CHARITABLE INCORPORATED ORGANISATION (C.I.O)**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MAY 2024**
## **8. MOVEMENT IN FUNDS - continued**
## **Comparatives for movement in funds**
|At 1.6.22
£
**Unrestricted funds**
General fund
27,026
**TOTAL FUNDS**
27,026
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
420,620
**TOTAL FUNDS**
420,620|Net
movement
At
in funds
31.5.23
£
£
(11,449)
15,577
(11,449)
15,577
Resources
Movement
expended
in funds
£
£
(432,069)
(11,449)
(432,069)
(11,449)|
|---|---|
A current year 12 months and prior year 12 months combined position is as follows:
|**Unrestricted funds**|At 1.6.22
£|Net
movement
At
in funds
31.5.24
£
£|
|---|---|---|
|General fund|27,026|(1,206)
25,820|
|**TOTAL FUNDS**|27,026|(1,206)
25,820|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**TOTAL FUNDS**|Incoming
resources
£
892,640
892,640|Resources
Movement
expended
in funds
£
£
(893,846)
(1,206)
(893,846)
(1,206)|
|---|---|---|
continued...
Page 9
## **M.L.T BELZ CHARITABLE INCORPORATED ORGANISATION (C.I.O)**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MAY 2024**
## **9. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 May 2024.
Page 10