Chairman’s Report 6[th] Meketa AGM March 15[th] 2023
This has been a short year since the last AGM in May 2022, but an eventful one nevertheless.
With the cessation of hostilities in Tigray, it became possible to visit Gondar once more. I went in September and Hila in December to find significant changes to the community in particular and to Ethiopia in general. Principally the lack of money if felt strongly through every strata of society, with the poorest the worst hit and there has been a significant rise in crime as a result. So far there is no real resumption of tourism, which is a major source of income generally, but it is hoped this will resume soon.
Because of inflation, the local government restriction of outside support to 2.5million birr has been doubled, so the need to become an NGO in order to continue to operate does not currently arise. We can continue to raise funds and work through Shutafut. Our struggles to fundraise this past year are reflected in our accounts, which show us operating in only two to three months in hand rather than the six months we like to achieve. There has been no major fundraising initiatives this year, due to the gradual end of COVID demonstrating a reluctance of many still to leave their homes. I have given talks at various synagogues both online and in person, but they have not brought as large an audience as such talks did before COVID. Due to the war in Tigray we could not arrange tours of Ethiopia, which has been another major source of fundraising in the past. However we did benefit from a grant from the JJBS, enabling us to equip a computer room at the after school club, and High holyday appeals at Edgeware Hendon and District Reform Synagogue and at Woodford United Synagogue have brought in income for the charity and in particular to equip a science room at the club. Further grants were made from private foundations of individual supporters that have gone a long way to keeping us in business, when many other small charities have had to close. Meketa US has been contributing to the projects in Gondar. It needs to run a full fundraising campaign, as indeed do we, and there are plans for use to do so this summer.
This year we started work with the Seavor Foundation enabling peer led assessments working together with Together We Learn. There has been some training, but so far we have not begun the assessments. This timely, since there had been a complaint lodged by one member of staff which led to an accountancy and a safeguarding investigations. Changes have been made as a result.
A new volunteer joined our team this year. Jane Gough has taken over as sponsorship coordinator from Gali Kolt who has resigned for the board of Trustees due to heavy work commitments.
Two new Trustees were appointed this year: Mike Fenster and Peter Oliver. We will look for more trustees to extend the number on the board. After nine years since we founded Meketa, and five years and a full charity, it is now time to step down as chair and along with Avi Bram, to take my leave of the Board in accordance with our constitution, which allows for only five years in the first instance to hold office, and four years thereafter. Hila Bram,
and Paul Kennet, who stepped down last year, have kindly agreed to re-join, thus keeping our total of board members at six.
Sybil Romain 12.3.2023
MEKETA TRUSTEES' REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31ST DECEMBER 2022
CHARITY REGISTRATION NO: 1169130
MEKETA STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31ST DECEMBER 2022
| CONTENTS | PAGE | |
|---|---|---|
| LEGAL AND ADMINISTRATIVE INFORMATION | 1 | |
| REPORT OF THE TRUSTEES | 2-3 | |
| INDEPENDENT EXAMINERS REPORT | 4 | |
| STATEMENT OF FINANCIAL ACTIVITIES | 5 | |
| BALANCE SHEET | 6 | |
| NOTES TO THE FINANCIAL STATEMENTS | 7-8 | |
| DETAILED STATEMENT OF FINANCIAL ACTIVITIES | 9-10 |
MEKETA LEGAL AND ADMINISTRATIVE INFORMATION YEAR ENDED 31ST DECEMBER 2022
CHARITY REGISTRATION NUMBER:
1169130
REGISTERED OFFICE:
TRUSTEES:
INDEPENDENT EXAMINER
10 Camley Park Drive Maidenhead SL6 6QF Kevin Peter Darvill Michael Steven Fenster Peter Oliver Jeffrey Curtis Cangaf Accountants & Business Advisers 235 Tonge Moor Road Bolton BL2 2HR
1
MEKETA REPORT OF THE TRUSTEES YEAR ENDED 31ST DECEMBER 2022
The trustees present their report with the financial statements of the charity for the year ended 31st December 2022. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' issued in March 2005.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document.
Risk management
The Board of Trustees is ultimately responsible for the system of internal control and for reviewing its effectiveness. However, such a system is designed to manage rather than eliminate the risk of failure to achieve business objectives, and can only provide reasonable and not absolute assurance against material misstatement of loss.
The Board has reviewed the effectiveness of the system of internal control. In particular, it has reviewed and updated the process for identifying and evaluating the major risks affecting the business and the policies and procedures by which these risks are managed.
OBJECTIVES AND ACTIVITIES Objectives and Aims
The Charity's objects are, for the benefit of the public:-
To provide education/training and work for the Prevention or Relief of Poverty and have overseas aid / famine relief and provide relief to the people of Ethiopia
Significant Activities
Meketa works with local educational and welfare charities and local government schemes to support the education of young people of ethiopian jewish descent in gondar, and enable opportunities for training and employment. Maketa raises money to support an after- school homework club, and training in carpentry, hairdressing and other skills and offer small business loans
FINANCIAL REVIEW
Income - the total income for the twelve months under review was £56,008
Expenditure - total expenditure in the year was £61,841. The Charity recorded an operating deficit for the year of £5,833 and carries forward Unrestricted funds of £52,558 and Restricted funds of £3,450.
During the year the Trustees continued to place emphasis on financial management to ensure that the funds within the organisation are properly managed.
2
MEKETA REPORT OF THE TRUSTEES YEAR ENDED 31ST DECEMBER 2022
STATEMENT OF TRUSTEE RESPONSIBILITIES
The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales, the Charities Act 2011, Charity Regulations 2008 and the provisions of the trust deed requires the trustees to prepare financial statements for each (Accounts and Reports) 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 charity for that period. In preparing those financial statements, the trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the Charity SORP;
-
make judgements and estimates that are reasonable and prudent;
-
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charity's Act 2011. 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.
This report is prepared in accordance with the special provision of Part 15 of the Companies Act 2006 relating to small companies.
Approved by order of the Board of Trustees on ………………….………….. 2023 and signed:
ON BEHALF OF THE BOARD:
.............................................
Kevin Peter Darvill - Trustee
3
MEKETA INDEPENDENT EXAMINIER'S REPORT YEAR ENDED 31ST DECEMBER 2022
I report on the accounts for the year ended 31st December 2022 set out on pages five to nine.
Respective responsibilities of trustees and examiner
The Charity's Trustees (who are also the Directors for the purposes of Company Law) are responsible for the preparation of the preparation of the accounts.
The Charity's Trustees consider that an independent examination is required.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:
-
examine the accounts under Section 145 of the 2011 Act
-
-to follow the procedures laid down in the General Directions given by the Charity Commission (under Section 145(5)(b) of the 2011 Act); and
-
to state whether particular matters have come to my attention.
Basis of the independent examiners report
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
(1) which gives me reasonable cause to believe that, in any material respect, the requirements
-
to keep accounting records in accordance with section 130 of the 2011 Act; and
-
-to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met; or
(2) to which, in my opinion, attention should be draw in order to enable a proper understanding of the accounts to be reached.
Cangaf Accountant & Business Advisers 235 Tonge Moor Road Bolton BL2 2HR
Sign……………………………………..
DATE…………………………………
4
MEKETA STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31ST DECEMBER 2022
| Incoming resources Other Income Voluntary Income Resources expended Expenditure on: Support Costs Reconciliation of funds: Total funds brought forward Total funds carried forward Total RESOURCES Net income/(expenditure) for the year Net movement in funds |
Unrestricted funds £ 52,558 - 52,558 61,841 61,841 (9,283) (9,283) - (9,283) |
Restricted Income funds £ - 3,450 3,450 - - 3,450 3,450 - 3,450 |
Total funds £ 52,558 3,450 56,008 61,841 61,841 (5,833) (5,833) (10,031) (15,864) |
Prior year funds £ 41,983 8,598 50,582 55,419 55,419 (4,837) (4,837) (5,194) (10,031) |
|---|---|---|---|---|
None of the charity's activities were acquired or discontinued during the year and there were no recognised gains and losses for 2022 other than those included in the statement of financial activities.
5
MEKETA BALANCE SHEET YEAR ENDED 31ST DECEMBER 2022
| Current assets Debtors Cash at bank and in hand Creditors: amounts falling due within one year Net current assets/(liabilities) Total assets less current liabilities Funds of the Charity Opening Balance Equity Surplus/(Deficit) Total funds |
Unrestricted funds £ 60 8,271 8,331 (270) 8,061 8,061 |
Restricted Income funds £ - - - - - - |
Total this year £ 60 8,271 8,331 (270) 8,062 8,062 |
Total last year £ 60 13,860 13,920 (270) 13,650 13,650 13,650 (5,833) 7,817 |
|---|---|---|---|---|
The financial statements were approved by the Board of Trustees on ……………….. 2023 and were signed on its behalf by:
…………………………………………………….
Paul Kennet -Treasurer
6
MEKETA NOTES TO THE ACCOUNTS YEAR ENDED 31ST DECEMBER 2022
1. ACCOUNTING POLICIES
Basis of preparing the financial statements The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
Incoming resources
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
Donations and other incoming resources - Income is from grants
Resources Expended
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.
Taxation
The charity is exempt from corporation 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.
7
MEKETA NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31ST DECEMBER 2022
| VOLUNTARY INCOME Grants Donations Child Sponsor Gift Aid Virtual Tour Quizzes Merchandise Total Cash in hand and bank Year End of Paypal Account 31 Dec 2022 Year End of Co-op Account 31 Dec 2022 SUPPORT COSTS: MANAGEMENT Support costs |
Unrestricted Funds £ - 39,950 8,067 - - 4,351 52,558 5,980 2,291 8,271 61,841 |
Restricted Income Funds £ 3,450 - - - - - 3,450 - - |
Total Funds £ 3,450 39,950 8,067 - - 4,351 56,008 5,980 2,291 8,271 - 61,841 |
|---|---|---|---|
There are 6 trustees and 2 Volunteers.
8
MEKETA INCOME AND EXPENDITURE YEAR ENDED 31ST DECEMBER 2022
| Unrestricted Funds Donations (General) Child Sponsor Merchandise Bank Interest Total Support costs Combined Salaries Sponsor Money Training Club Computers School Expenses Building Expenses Medical & Medicines Kindergarten School Club Club Minibus Club Bread/Bananas Club General Books Phone and WiFi Rent Football & Sports Merchandise Flights & Tickets Audit Accountants General Purchase Petty Cash Loans Total |
39,950 8,068 4,351 188 52,558 £ 17,323 6,704 641 2,145 1,190 2,152 201 1,611 2,089 2,909 6,589 178 692 114 8,753 515 2,878 1,100 822 1,927 597 708 61,841 |
|---|---|
9
MEKETA INCOME AND EXPENDITURE YEAR ENDED 31ST DECEMBER 2022
| Restricted Funds Donations JJBS Grants Bram) Donations Total |
1,500 360 1,590 3,450 |
|---|---|
10
MEKETA TRUSTEES' REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31ST DECEMBER 2022
CHARITY REGISTRATION NO: 1169130
MEKETA STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31ST DECEMBER 2022
| CONTENTS | PAGE | |
|---|---|---|
| LEGAL AND ADMINISTRATIVE INFORMATION | 1 | |
| REPORT OF THE TRUSTEES | 2-3 | |
| INDEPENDENT EXAMINERS REPORT | 4 | |
| STATEMENT OF FINANCIAL ACTIVITIES | 5 | |
| BALANCE SHEET | 6 | |
| NOTES TO THE FINANCIAL STATEMENTS | 7-8 | |
| DETAILED STATEMENT OF FINANCIAL ACTIVITIES | 9-10 |
MEKETA LEGAL AND ADMINISTRATIVE INFORMATION YEAR ENDED 31ST DECEMBER 2022
CHARITY REGISTRATION NUMBER:
1169130
REGISTERED OFFICE:
TRUSTEES:
INDEPENDENT EXAMINER
10 Camley Park Drive Maidenhead SL6 6QF Kevin Peter Darvill Michael Steven Fenster Peter Oliver Jeffrey Curtis Cangaf Accountants & Business Advisers 235 Tonge Moor Road Bolton BL2 2HR
1
MEKETA REPORT OF THE TRUSTEES YEAR ENDED 31ST DECEMBER 2022
The trustees present their report with the financial statements of the charity for the year ended 31st December 2022. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' issued in March 2005.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document.
Risk management
The Board of Trustees is ultimately responsible for the system of internal control and for reviewing its effectiveness. However, such a system is designed to manage rather than eliminate the risk of failure to achieve business objectives, and can only provide reasonable and not absolute assurance against material misstatement of loss.
The Board has reviewed the effectiveness of the system of internal control. In particular, it has reviewed and updated the process for identifying and evaluating the major risks affecting the business and the policies and procedures by which these risks are managed.
OBJECTIVES AND ACTIVITIES Objectives and Aims
The Charity's objects are, for the benefit of the public:-
To provide education/training and work for the Prevention or Relief of Poverty and have overseas aid / famine relief and provide relief to the people of Ethiopia
Significant Activities
Meketa works with local educational and welfare charities and local government schemes to support the education of young people of ethiopian jewish descent in gondar, and enable opportunities for training and employment. Maketa raises money to support an after- school homework club, and training in carpentry, hairdressing and other skills and offer small business loans
FINANCIAL REVIEW
Income - the total income for the twelve months under review was £56,008
Expenditure - total expenditure in the year was £61,841. The Charity recorded an operating deficit for the year of £5,833 and carries forward Unrestricted funds of £52,558 and Restricted funds of £3,450.
During the year the Trustees continued to place emphasis on financial management to ensure that the funds within the organisation are properly managed.
2
MEKETA REPORT OF THE TRUSTEES YEAR ENDED 31ST DECEMBER 2022
STATEMENT OF TRUSTEE RESPONSIBILITIES
The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales, the Charities Act 2011, Charity Regulations 2008 and the provisions of the trust deed requires the trustees to prepare financial statements for each (Accounts and Reports) 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 charity for that period. In preparing those financial statements, the trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the Charity SORP;
-
make judgements and estimates that are reasonable and prudent;
-
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charity's Act 2011. 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.
This report is prepared in accordance with the special provision of Part 15 of the Companies Act 2006 relating to small companies.
Approved by order of the Board of Trustees on ………………….………….. 2023 and signed:
ON BEHALF OF THE BOARD:
.............................................
Kevin Peter Darvill - Trustee
3
MEKETA INDEPENDENT EXAMINIER'S REPORT YEAR ENDED 31ST DECEMBER 2022
I report on the accounts for the year ended 31st December 2022 set out on pages five to nine.
Respective responsibilities of trustees and examiner
The Charity's Trustees (who are also the Directors for the purposes of Company Law) are responsible for the preparation of the preparation of the accounts.
The Charity's Trustees consider that an independent examination is required.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:
-
examine the accounts under Section 145 of the 2011 Act
-
-to follow the procedures laid down in the General Directions given by the Charity Commission (under Section 145(5)(b) of the 2011 Act); and
-
to state whether particular matters have come to my attention.
Basis of the independent examiners report
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
(1) which gives me reasonable cause to believe that, in any material respect, the requirements
-
to keep accounting records in accordance with section 130 of the 2011 Act; and
-
-to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met; or
(2) to which, in my opinion, attention should be draw in order to enable a proper understanding of the accounts to be reached.
Cangaf Accountant & Business Advisers 235 Tonge Moor Road Bolton BL2 2HR
Sign……………………………………..
DATE…………………………………
4
MEKETA STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31ST DECEMBER 2022
| Incoming resources Other Income Voluntary Income Resources expended Expenditure on: Support Costs Reconciliation of funds: Total funds brought forward Total funds carried forward Total RESOURCES Net income/(expenditure) for the year Net movement in funds |
Unrestricted funds £ 52,558 - 52,558 61,841 61,841 (9,283) (9,283) - (9,283) |
Restricted Income funds £ - 3,450 3,450 - - 3,450 3,450 - 3,450 |
Total funds £ 52,558 3,450 56,008 61,841 61,841 (5,833) (5,833) (10,031) (15,864) |
Prior year funds £ 41,983 8,598 50,582 55,419 55,419 (4,837) (4,837) (5,194) (10,031) |
|---|---|---|---|---|
None of the charity's activities were acquired or discontinued during the year and there were no recognised gains and losses for 2022 other than those included in the statement of financial activities.
5
MEKETA BALANCE SHEET YEAR ENDED 31ST DECEMBER 2022
| Current assets Debtors Cash at bank and in hand Creditors: amounts falling due within one year Net current assets/(liabilities) Total assets less current liabilities Funds of the Charity Opening Balance Equity Surplus/(Deficit) Total funds |
Unrestricted funds £ 60 8,271 8,331 (270) 8,061 8,061 |
Restricted Income funds £ - - - - - - |
Total this year £ 60 8,271 8,331 (270) 8,062 8,062 |
Total last year £ 60 13,860 13,920 (270) 13,650 13,650 13,650 (5,833) 7,817 |
|---|---|---|---|---|
The financial statements were approved by the Board of Trustees on ……………….. 2023 and were signed on its behalf by:
…………………………………………………….
Paul Kennet -Treasurer
6
MEKETA NOTES TO THE ACCOUNTS YEAR ENDED 31ST DECEMBER 2022
1. ACCOUNTING POLICIES
Basis of preparing the financial statements The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
Incoming resources
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
Donations and other incoming resources - Income is from grants
Resources Expended
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.
Taxation
The charity is exempt from corporation 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.
7
MEKETA NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31ST DECEMBER 2022
| VOLUNTARY INCOME Grants Donations Child Sponsor Gift Aid Virtual Tour Quizzes Merchandise Total Cash in hand and bank Year End of Paypal Account 31 Dec 2022 Year End of Co-op Account 31 Dec 2022 SUPPORT COSTS: MANAGEMENT Support costs |
Unrestricted Funds £ - 39,950 8,067 - - 4,351 52,558 5,980 2,291 8,271 61,841 |
Restricted Income Funds £ 3,450 - - - - - 3,450 - - |
Total Funds £ 3,450 39,950 8,067 - - 4,351 56,008 5,980 2,291 8,271 - 61,841 |
|---|---|---|---|
There are 6 trustees and 2 Volunteers.
8
MEKETA INCOME AND EXPENDITURE YEAR ENDED 31ST DECEMBER 2022
| Unrestricted Funds Donations (General) Child Sponsor Merchandise Bank Interest Total Support costs Combined Salaries Sponsor Money Training Club Computers School Expenses Building Expenses Medical & Medicines Kindergarten School Club Club Minibus Club Bread/Bananas Club General Books Phone and WiFi Rent Football & Sports Merchandise Flights & Tickets Audit Accountants General Purchase Petty Cash Loans Total |
39,950 8,068 4,351 188 52,558 £ 17,323 6,704 641 2,145 1,190 2,152 201 1,611 2,089 2,909 6,589 178 692 114 8,753 515 2,878 1,100 822 1,927 597 708 61,841 |
|---|---|
9
MEKETA INCOME AND EXPENDITURE YEAR ENDED 31ST DECEMBER 2022
| Restricted Funds Donations JJBS Grants Bram) Donations Total |
1,500 360 1,590 3,450 |
|---|---|
10