Charty number: 1159702 Neve Michael Charitable Trust Report of the Trustees and Unaudited Financial StalenEnts For the year ended 31 Mah 2024
Neve Michael Char5table Trust Contents Page FIX ts year ended 31 March 2024 1kn2 8ts)9
Neve Michael Charitable Trusl Report of the Trustees For the year ended 31 March 2024 The Trustees have pleasure in presentsng their report and the finanaal ststements for th8 charity for the y8ar gnded 31 March 2024 The Trustees have adopted t provision$ of Accounting and Reporting by Charities". Ststement of Recommended Pracaice applicable to charrtEs pparing their accounts in accordan with the Finanaal Reporn"ng Standard applicable in the UK and the Repu1¢ of Ireland IFRS 1021 (effective 1 January 20191. OBJECTIVES AND ACTIVITIES Objectives and alms The Neve Michael charrtab Trust aims to edu(ate and assist young pwjle with disadvantaged backgrounds who have lo ba tskon into care. The Charity aims to develop tha physical. rnntal and spiritual capaGities so that t$& individua15 Strive as members of society and that their overall quality of lffe is improved. Each yoar the Trustees review the objectrves and activities of the charity to wtsure that try ¢onb"nue lo refiect these aims. Ststement on publlc benefit The trLJStees have considered Ihe Charty Commision's g¥Jidani2 on pu1¢ benefiL induding the guidan(x 'public benefrt.. running a charity IP821'. FINANCIAL REVIEW During the pariod, the Charity's fur¥Js have teen appld in further8rtca of its objèctives and the day to day running of the chartty. In the year to 31 March 2024, incoming resources amounted to £35.875 aryl resources expended amounted lo £36,341. There have been no d)anges in the ac¢ountirrfJ polKes of the charity during the year. Reserv Thg trustees have reviewed the charity's needs for reserves in line with the guidance tssued by the Charty Commission and have conduded that the general reserves amounting to £sa necessary to maintain the day to day funning of the ¢h8rity and to achEving its obje¢tives. At 31 March 2024, the Charty had a total unrestricted fund balart of£745. STRUCTURE, GOVERNANCE AND MANAGEMENT Govèrning document The charity is governed by a trust deed established on 28th June 2013and fornially rggi$tered with tho Charity Cc¥nmt58ion on 22 December 2014. The ¢harity is managed by trustees who are responsible for settin9 the strategic direckn.on of the organi5ation and for g¥tablishing policy. The trUStS periodically evaluate whether any training is reqLFired for them to Carry oul the¥ dutiès and when con5idgred ng¢e$sary, such training 1$ provithd. Recruhment and appointment of trust8eS The appointment and recruitment of new TrLsslees is as lahj out in the TfU5t Cted. New Tfuslees would be trained as deemed appropriate. REFERENCE AND ADMINISTRATIVE INFORMATION Name ofcharlty Charlty reg15tratlon number Principal addrass Neve Michael Charitable Trust 1159702 28 Widecombe Way London N2 OHL TTUStggs The trustees and offKers serving during the year and Sin the ar erKI were as follS.. MrSRShaw Mr5 S M Shaw 1 of9
Neve Michael chaiitab Trust Report of the Trustees Continued For the year ended 31 Mah 2024 Chwthil Ho 137.139 8rnnl Stregt Approved by Board ofTru• and svJrd <>n MrSRShaw 2of9
Neve Michael Charitable Trust Independent Examiners Report to the Trustees For the year ended 31 March 2024 I report to the trustees on my examinatiw of the accounts of the charity for the year ended 31 March 2024. Re8pon8lbllltle8 aNI basis of r¢port As the charity trustees, you are responsible for the preparation of the accounts in accordanc wth the requirements of the Charils Act 2011 I'lhe 2011 A¢Y). I report in SpeCt of my examination of the charrVs accounts camed out under section 145of the 2011 Acl and in ¢arying out my axamination I have followed #ll the applicable Directions 9wen by the Charity Commi8$ion under sedion 145{5llbl of the Act. Basis of independent examinerfs feport My examination wa5 carried out in accordan with the general Directions given by the Charity Commission. An examination indudes a review of the a¢counling records kept by the chaftty and a ¢ompanson of the accounts presented wtth those records. It also includes considerath?n of any unusual items or disdosures In the accounts. and seeking explanations from you as trustees conc8ming any such matters. The procedufe5 undertaken do not provide all the evidence that would be required in an audit and consequendy no opinion is given as to whether the accounts present a Irue and fair view, and the report is limited to those matters sel ¢yJt in next slement. Independent examln8rs stat•mert I have completed my exarnination. I confinm that no matters have coTh to my attèntion in cOnnlon with the exgmin8tion giving me cause to believe that in any material respect" . accounting records warè not kept in of the Charrty as requirad by sèclrt 130 of the 2011 Act.. or 2. the accounts do not accord with those records.. or 3. the accounts do not mplY wrth the applicable requirerrEnts conwning the fomi an¢J content of accounts sel out in the Charits IAccoiJnls and Reportsl RèguLqtions 2008 other than any requirement that the account5 give a Yru8 and fair vi•w' which is not a matter consKlered as part of an irKlepeThJent examination. I have no ¢oncerns and have come acTOSS other mattèrs in connection wth the examination to whith attention should be drawn in this report in order lo en*e a PrOr understanding of the accknunts io be reached. Isaac Hajioff Chartered Accountant Clearfin Accountsnts Limtted Churchill House 137-139 Brent Street London NW4 4DJ 18 November 2024 3of9
Neve Mich[ Charitable TTUSt StateEnt of Financial Activibes For the year ended 31 March 2024 2023 Donaknns arKI Inveskne 35.875 19,034 Total 19.041 Expgndltur• on: Charitsble activities (36,341) (36,341) 126,078) (26.0781 T¢Jlal (459) 17m7) Rocon¢lllatit)n of I13 Tot•1 fvnds brought foThv¢rd Total funds carrted f(¥ward 8.241 1.204 745 4(rf9
Neve Michael Charitable Trust Statement of Financial Position As at 31 March 2024 2024 2023 Curnt assets Cash 8t bank and In hand 1,225 1,225 14801 1,684 1,684 14801 Creditors.. amounts falling due within one year 10 Not curront assots 745 1.204 1.204 Total assets less current liabilities 745 Net assets 745 1,204 Tha funds of the charity Unrestricted income funds 745 1,204 1.204 Total fund¥ 745 The fsnancial statements were approved aThJ authorised for issue by the Board and sw3red on its behatf by". aw Trustee 18 Novemkr 2024 5of9
Neve Mich1 Charitable Trust Notss to the Financial Statwnents For the year ended 31 March 2024 1. Accountirwj Pollct•B included at market valu8 the revaluation of certain fed assets arKI in accordan> with ts CharitS SORP (FRS 102}'Axounting and Raportirw by CharaG. Slat8ment of Rec4)MMendl Practic gpplicabl• to thaTities prepamg th•r a¢counts in arzi)rdan with the Financial Re)9 Standard aFpli¢ in UK and RepLlio of Ireland (FRS 1021 (effethe 1 January 20191,, Financjal Repld StaThJard 1W2 ts Fmr•ial Star¥d appkabte in UK aThJ Rowtslie of Ir8laTh4 {FRS lif2). Charl A( 2011. Neve Mthael ChaTttabte meets the defmitKJn of a publr berofft ertity uThJer FRS 1(ll Ass arn1 I11]8$ initially (•COgni at historical cost or Val unless rAlYwise slatthl in th• mbvant aUnting FKllcy notels>. 2023 Unr8stri¢t•d funds 35,875 19.034 19,034 2023 Unrnstrlctod fvnds Bank reNabl9 Costs of ctrArltsble acdvltles ty typ•
)24 2023 Ghartrable Jonaih)ns 35,750 25,500 Support costs 578 3fjA41 26,078 6of9
Neve Michael Charttable Trust Notes to the Financial Statements Continued For the year ended 31 March 2024 S. Costs of charltsble activities by activity type 2024 2023 Actlvitl•s undertaken dlrnctly Charrtable donations 36,341 26,078 6. Analysis of support ¢osts 2024 2023 Governanco costs Accountsney fees Other finance ¢o$ts 480 480 111 98 591 578 7. Net in¢omell•xpenditU for the year This is stated after chargingl{credrting)- 2024 2023 AOuntancY fees 480 8. Particulars of employe8S 2024 2023 18taff g. Comparativè for the Statomerrt of FInan¢1 Activltles Thè comparatsve year values on the Statement of Financial A(livites are for unrestricted funds. 7of9
Neve Michael Charitable Trust Notes to the Financial Statements Continued For the year ended 31 March 2024 10. credIt$. amounts falling due within Or year 2024 2023 Actrual8 and deferred incom8 480 11. hlov¢mgnt In funds Unrestricted Funds Balance at 011023 Incoming Out90ing Balan¢e at 3110312024 General General 35.8*2 136,3411 745 35.882 136,341) 745 Unr•8trlcted Funds- PY•vloufs y•ar Balance at 0110412022 Incoming resources Outgolng resources Balance at 3110312023 General General 8,241 19,041 126,0781 1,204 ,241 19.041 126.078} 1,204 Pwpose of unrgstrictgd Funds General To fund the activitks of the tharity 12. Analysis of ngt assets between tunds Net currènt assets I Illabllbti881 Net Assets Unrestrlcted ldS General General 745 745 745 745 8of9
Neve Michael Charilable Trust Notes to the Financial Statements Continued For the year ended 31 March 2024 Previous year N*t current a$sets I Iliabilltlesl Ilet Assets unStrIc19d funds General Geneial 1,204 1,204 9of9