Charty number: 1159702
Neve Michael Charitable Trust
Report of the Trustees and Unaudited Financial StalenEnts
For the year ended 31 Ma￿h 2024

Neve Michael Char5table Trust
Contents Page
FIX ts year ended 31 March 2024
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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 p￿paring their accounts in accordan￿ with the Finanaal Reporn"ng Standard
applicable in the UK and the Repu￿1¢ 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￿$& individua15 Strive
as members of society and that their overall quality of lffe is improved.
Each yoar the Trustees review the objectrves and activities of the charity to wtsure that tr*y ¢onb"nue lo refiect these aims.
Ststement on publlc benefit
The trLJStees have considered Ihe Charty Commision's g¥Jidani2 on pu￿1¢ benefiL induding the guidan(x 'public benefrt..
running a charity IP821'.
FINANCIAL REVIEW
During the pariod, the Charity's fur¥Js have teen appl*d in further8rtca of its objèctives and the day to day running of the
chartty.
In the year to 31 March 2024, incoming resources amounted to £35.875 aryl resources expended amounted lo £36,341.
There have been no d)anges in the ac¢ountirrfJ polKes of the charity during the year.
Reserv
Thg trustees have reviewed the charity's needs for reserves in line with the guidance tssued by the Charty Commission and
have conduded that the general reserves amounting to £s￿a￿ necessary to maintain the day to day funning of the ¢h8rity
and to achEving its obje¢tives.
At 31 March 2024, the Charty had a total unrestricted fund balart￿ of£745.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Govèrning document
The charity is governed by a trust deed established on 28th June 2013and fornially rggi$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 trUSt￿S 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 foll￿S..
MrSRShaw
Mr5 S M Shaw
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Neve Michael chaiitab￿ Trust
Report of the Trustees Continued
For the year ended 31 Ma￿h 2024
Chwthil Ho
137.139 8rnnl Stregt
Approved by Board ofTru•* and svJr*d <>n
MrSRShaw
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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
Charil*s 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 sl*ement.
Independent examln8rs stat•mert
I have completed my exarnination. I confinm that no matters have coTh to my attèntion in cOnn￿lon 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 sècl￿rt 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
Charit*s 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 PrO￿r 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
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Neve Mich￿[ Charitable TTUSt
State￿Ent 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 I￿￿13
Tot•1 fvnds brought foThv¢rd
Total funds carrted f(¥ward
8.241
1.204
745
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Neve Michael Charitable Trust
Statement of Financial Position
As at 31 March 2024
2024
2023
Cur￿nt 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
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Neve Mich￿1 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 f￿ed assets arKI in accordan*> with ts Charit￿S SORP (FRS
102}'A*xounting and Raportirw by Char￿aG. Slat8ment of Rec4)MMend￿l Practic* gpplicabl• to thaTities prepamg th•r
a¢counts in arzi)rdan￿ with the Financial Re￿￿)9 Standard aFpli¢* in UK and RepL**lio of Ireland (FRS 1021
(effethe 1 January 20191,, Financjal Rep￿l￿d 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 I￿￿11]8$
initially (•COgni￿ at historical cost or Val￿ unless rAlYwise slatthl in th• mbvant a￿Unting FKllcy notels>.
2023
Unr8stri¢t•d funds
35,875
19.034
19,034
2023
Unrnstrlctod fvnds
Bank re￿Nabl9
Costs of ctrArltsble acdvltles ty typ•
>)24
2023
Ghartrable Jonaih)ns
35,750
25,500
Support costs
578
3fjA41
26,078
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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$ts
480
480
111
98
591
578
7. Net in¢omell•xpenditU￿￿ for the year
This is stated after chargingl{credrting)-
2024
2023
A￿OuntancY fees
480
8. Particulars of employe8S
2024
2023
18taff
g. Comparativè for the Statomerrt of FInan¢1￿ Activltles
Thè comparatsve year values on the Statement of Financial A(livites are for unrestricted funds.
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Neve Michael Charitable Trust
Notes to the Financial Statements Continued
For the year ended 31 March 2024
10. credIt￿$. amounts falling due within Or￿ year
2024
2023
Actrual8 and deferred incom8
480
11. hlov¢mgnt In funds
Unrestricted Funds
Balance at
0110￿23
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 l￿dS
General
General
745
745
745
745
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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
un￿StrIc19d funds
General
Geneial
1,204
1,204
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