2024-12-31-accounts - Meketa

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MEKETA

Charity No. 1169130

Trustees' Report and Unaudited Accounts

31 December 2024

MEKETA Contents

	Pages
Trustees' Annual Report	2 to 4
Independent Examiner's Report		5
Statement of Financial Activities		6
Summary Income and Expenditure Account		7
Balance Sheet		8
Statement of Cash flows		9
Notes to the Accounts	10 to	15
Detailed Statement of Financial Activities	16 to	17

Page 1

MEKETA Trustees Annual Report

The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the year ended 31 December 2024.

REFERENCE AND ADMINISTRATIVE DETAILS

Charity No. 1169130

Registered Office

10 CAMLEY PARK DRIVE MAIDENHEAD SL6 6QF

Trustees

The following Trustees served during the year:

S.A. Romain B. Bar-Lev H.M. Bram J. Curtis K.P. Darvill M.S. Fenster P.C. Kennet P. Oliver

==> picture [298 x 132] intentionally omitted <==

Accountants

Cangaf Accountants 235 Tonge Moor Road Bolton BL2 2HR

OBJECTIVES AND ACTIVITIES

Over the past twelve months, our small charity has experienced a year of significant change and growth. I would like to extend my heartfelt thanks to our dedicated team of volunteers who tirelessly support the charity’s activities. Their invaluable time and commitment are deeply appreciated by all of us on the trustee team.

Page 2

MEKETA Trustees Annual Report

This year, we also saw some changes within the trustee team. Sybil Romain, one of our co-founders, stepped down at the start of the year after many years of dedicated service. While she no longer serves as a trustee, Sybil continues to contribute by leading informational talks and offering advice to the team. After a brief tenure as a trustee, Ben Bar-Lev resigned early in 2024 for personal reasons and is no longer involved with Meketa. We welcomed Sarah Bar-Lev to the team at the end of 2024, and she has already become a crucial part of our fundraising efforts.

The primary goal of Meketa remains to raise funds to support the Jewish community in Gondar, Ethiopia. We continue to donate the funds we raise to the local charity organization Shutafut. However, fundraising in the UK has faced several challenges this year, particularly due to the ongoing Israel-Hamas conflict, which has shifted much of the focus within the Jewish community to supporting charities directly involved in that crisis.

Area of Activity

Despite these challenges, we have experienced several successes. We took part in the match-funded Big Give campaign, which provided valuable funds for the day-to-day operations of Shutafut’s after-school education club. Additionally, sales of handmade Ethiopian Judaica items have continued to rise, with products sold at events such as the Limmud Festival and various gatherings hosted by Jewish organizations, including Yom Masorti and Reform Judaism’s Chaggiah. We have also been fortunate to receive generous donations from several synagogue communities through their High Holy Days appeals.

The ongoing conflict in northern Ethiopia, where the Jewish community is based, has meant that we have been unable to organize tours for supporters to visit the activities of Meketa on the ground in Gondar. These tours were a significant source of income, and their absence has been felt. Unfortunately, due to the volatile situation in Amhara, it is unlikely that tours will resume before late 2025 or early 2026.

Page 3

MEKETA Trustees Annual Report

Charity Activities

Thankfully, despite the reduced fundraising opportunities, the Ethiopian government’s recent currency adjustments have led to a more favourable exchange rate with the British pound. This has allowed us to maintain our level of funding to Shutafut.

In addition to supporting the after-school club, our funding has supported training courses that equip adults with valuable and transferable skills. This has become an essential focus given the ongoing instability in Gondar, which has made it increasingly difficult to operate our usual micro-loan programs. As many recipients of these loans are struggling to repay them, we have shifted our focus toward other avenues of support.

We are also deeply grateful for an anonymous donation made in memory of Benedict Romain, who tragically passed away in an accident two years ago. This ring-fenced donation has enabled us to initiate an educational project for teenage girls, which we hope will have a lasting impact on the community.

Special Mention

I would like to take this opportunity to thank all our supporters, volunteers, and trustees for their dedication and hard work. Together, we continue to make a meaningful difference in the lives of those in need.

Signed on behalf of the board

Kevin Darvill Chair of Trustees 17 March 2025

FINANCIAL REVIEW

The trustees have implemented robust budgetary controls to monitor costs in an effort to continue to deliver its service in the future. The total income for the twelve months under review was £71,790. Expenditure for the same period was £69,282. The charity recorded an operating surplus for the year which is £2,508. Our income from trusts, grants and donors has increased as compared to previous financial year. As a charity we find ourselves growing at a strategic pace and hope to continue with the growth of projects over the next twelve months.

The Trustees are responsible for keeping proper accounting records that 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 Charities Act 2022. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102).

Signed on behalf of the board

K.P. Darvill Trustee

31 December 2024

Page 4

MEKETA Independent Examiners Report

Independent Examiner's Report to the trustees of MEKETA

I report to the charity trustees on my examination of the financial statements of MEKETA for the year ended 31 December 2024.

Responsibilities and basis of report

As the charity's trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act.

Having satisfied myself that the financial statements of the Charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's financial statements as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe:

accounting records were not kept in accordance with section 386 of the 2006 Act ; or
the financial statements do not accord with those records; or
the financial statements do not comply with the accounting requirements under section 396 of the 2006 Act other than any requirement that the financial statements give a 'true and fair' view which is not a matter considered as part of an independent examination; or
the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

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 financial statements to be reached.

Cecilia Asamoah MBA ACCA Cangaf Accountants 235 Tonge Moor Road Bolton

BL2 2HR 31 December 2024

Page 5

MEKETA Statement of Financial Activities

for the year ended 31 December 2024

Unrestricted funds 2024 £ 24,153 21,073 - 1,275	Restricted funds 2024 £ 25,289 - - -	Total funds 2024 £ 49,442 21,073 - 1,275	Total funds 2023 £ 89,515 12,479 20 2,319
46,501 69,282	25,289 -	71,790 69,282	104,333 67,505
69,282 -	- -	69,282 -	67,505 -
(22,781) -	25,289 -	2,508 -	36,828 -
(22,781)	25,289	2,508	36,828
(22,781) 24,242	25,289 20,647	2,508 44,889	36,828 8,061
1,461	45,936	47,397	44,889

Page 6

MEKETA Summary Income and Expenditure Account

for the year ended 31 December 2024

Income Interest and investment income Gross income for the year Expenditure Total expenditure for the year Net income before tax for the year Net income for the year	2024 £ 71,790 - 71,790 69,282 69,282 2,508 2,508	2023 £ 104,312 20
		104,332
		67,504
		67,504
		36,828
		36,828

Page 7

MEKETA

Balance Sheet

at 31 December 2024

Company No. Notes 2024 £ Current assets Debtors 10 622 Cash at bank and in hand 46,843 47,465 Creditors:Amount falling due within one year 11 (68) Net current assets 47,397 Total assets less current liabilities 47,397 Net assets excluding pension asset or liability 47,397 Total net assets 47,397 The funds of the charity Restricted funds 12 Restricted income funds 45,936 45,936 Unrestricted funds 12 General funds 1,461 1,461 Reserves 12 Total funds 47,397	2023 £ 313 44,644
	44,957 (68)
	44,889 44,889
	44,889
	44,889
	20,647
	20,647 24,242
	24,242
	44,889

These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

For the year ended 31 December 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

Approved by the board on 31 December 2024

And signed on its behalf by:

P.C. Kennet Trustee

31 December 2024

Page 8

MEKETA Statement of Cash flows for the year ended 31 December 2024

Cash flows from operating activities Net income per Statement of Financial Activities Adjustments for: Dividends, interest and rents from investments Increase in trade and other receivables Net cash provided by operating activities Cash flows from investing activities Dividends, interest and rents from investments Net cash from investing activities Net cash from financing activities Net increase in cash and cash equivalents Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the year Components of cash and cash equivalents Cash and bank balances	2024 £ 2,508 (1,275) (309) 924 1,275 1,275 - 2,199 44,644 46,843 46,843 46,843	2023 £ 36,828 (2,339) (253)
		34,236 2,339
		2,339

		-

		36,575
		8,001
		44,576

		44,644

		44,644

Page 9

MEKETA Notes to the Accounts

for the year ended 31 December 2024

1 Accounting policies

Basis of preparation

The financial statements have been prepared in accordance with 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 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Change in basis of accounting or to previous accounts

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.

Fund accounting

Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.
Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values.
Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.

Income

Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.
Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA. Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income.
Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material.

Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets

Page 10

MEKETA Notes to the Accounts

Expenditure

Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates.
Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs.
Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.
Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.
Other expenditure These are support costs not allocated to a particular activity.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Freehold investment property

Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.

Stocks

Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.

Trade and other debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.

Trade and other creditors

Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Page 11

MEKETA Notes to the Accounts

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period.

Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.

All exchange differences are are taken into account in arriving at net income/expenditure.

Leased assets

Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.

Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.

Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs.

Assets held under finance leases are depreciated in the same way as owned assets.

Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.

Receipt of donated goods, facilities and services

All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.

2 Company status

The company is a private company limited by guarantee and consequently does not have share capital.

Page 12

MEKETA

Notes to the Accounts

3 Statement of Financial Activities - prior year Income and endowments from: Donations and legacies Charitable activities Investments Other Total Expenditure on: Other Total Net income Net income before other gains/(losses) Other gains and losses: Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward 4 Income from donations and legacies General Donations Ben Romain Fund Science Lab Fund Ethiopia Trip Income The Big Give	Unrestricted £ 21,653 - - 2,500 24,153	Unrestricted funds 2023 £ 68,867 12,479 20 2,319 83,685 67,504 67,504 16,181 16,181 16,181 8,061 24,242 Restricted £ - 11,887 - 13,198 25,085	Restricted funds 2023 £ 20,647 - - - 20,647 - - 20,647 20,647 20,647 - 20,647 Total 2024 £ 21,653 11,887 - 15,698 49,238	Total funds 2023 £ 89,514 12,479 20 2,319
				104,332 67,504
				67,504
				36,828
				36,828
				36,828 8,061
				44,889
				Total 2023 £ 45,070 10,000 15,814 13,798 4,833
				89,515

Page 13

MEKETA

Notes to the Accounts

5 Income from charitable activities

Unrestricted £ 8,862 8,591 3,620 21,073 Unrestricted £ 1,275 1,275	Total 2024 £ 8,862 8,591 3,620 21,073 Total 2024 £ - - Total 2024 £ 1,275 1,275	Total 2023 £ 8,044 4,435 -
		12,479
		Total 2023 £ 20
		20
		Total 2023 £ 2,319
		2,319

Unrestricted £ - 6,894 12,750 170 22,620 13,090 13,108 650 69,282 2024 22,134 22,134	Total 2024 £ - 6,894 12,750 170 22,620 13,090 13,108 650 69,282	Total 2023 £ 1,910 7,919 4,270 1,093 21,489 7,859 22,365 600
		67,505
		2023 20,992
		20,992

No employee received emoluments in excess of £60,000. Staff costs are paid directly by Shutafut supported by Meketa.

Page 14

MEKETA Notes to the Accounts

10 Debtors

2024 £ 622 622 2024 £ 68 68 Incoming resources (including other gains/losses ) £ 25,289 25,289 46,501 71,790 At 1 January 2024 £	Resources expended £ - - (69,282) (69,282) Unrestricted funds £ 47,397 47,397 Cash flows £	2023 £ 313
		313
		2023 £ 68
		68
		At 31 December 2024 £ 45,936
		45,936
		1,461
		47,397
		Total £ 47,397
		47,397
		At 31 December 2024 £
44,644	2,199	46,843
44,644 44,644	2,199 2,199	46,843
		46,843

Page 15

MEKETA Notes to the Accounts

15 Related party disclosures

Controlling party

The company is limited by guarantee and has no share capital; thus no single party controls the company.

Page 16

MEKETA Detailed Statement of Financial Activities

for the year ended 31 December 2024

Income and endowments from: Donations and legacies General Donations Ben Romain Fund Science Lab Fund Kaytana Small Fund Ethiopia Trip Income The Big Give Charitable activities The Child Sponsor Merchandise The Oxford & St George Investments Other Other Income Total income and endowments Other expenditure Shutafut Expenses Sponsor Money Food Support School Club Employee costs Salaries/wages Staff entertainment Staff training Premises costs Rent General administrative costs, including depreciation and amortisation Bad debts Club Computers	Unrestricte d funds 2024 £ 21,653 - - - - 2,500 24,153 8,862 8,591 3,620 21,073 - - 1,275 1,275 46,501 - 6,894 12,750 170 19,814 22,134 - 486 22,620 13,090 13,090 397 -	Restricted funds 2024 £ - - 11,887 204 - 13,198 25,289 - - - - - - - - 25,289 - - - - - - - - - - - - -	Total funds 2024 £ 21,653 - 11,887 204 - 15,698 49,442 8,862 8,591 3,620 21,073 - - 1,275 1,275 71,790 - 6,894 12,750 170 19,814 22,134 - 486 22,620 13,090 13,090 397 -	Total funds 2023 £ 45,070 10,000 15,814 - 13,798 4,833
				89,515
				8,044 4,435 -
				12,479
				20
				20
				2,319
				2,319
				104,333 1,910 7,919 4,270 1,093
				15,192
				20,992 497 -
				21,489
				7,859
				7,859
				- 2,160

Page 17

MEKETA

Detailed Statement of Financial Activities

School Expenses Ethiopia Trip Exchange rate (gain)/loss General insurances Books Club Minibus Club Bread / Bananas Club General Football & Sport General Purpose Purchases Telephone, fax and broadband Legal and professional costs Accountancy and bookkeeping Total of expenditure of other costs Total expenditure Net income Net income before other gains/(losses) Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward	- - 1,819 420 346 127 3,256 788 71 5,884 - 13,108 650 650 69,282 69,282 (22,781) (22,781) (22,781) 24,242 1,461	- - - - - - - - - - - - - - - - 25,289 25,289 25,289 20,647 45,936	- - 1,819 420 346 127 3,256 788 71 5,884 - 13,108 650 650 69,282 69,282 2,508 2,508 2,508 44,889 47,397	363 11,922 - - 289 1,802 2,698 1,021 335 1,735 40
				22,365
				600
				600

				67,505
				67,505
				36,828
				36,828
				36,828
				8,061
				44,889

Page 18