Charity Registration Number : 1169130
MEKETA CIO
A CHARITABLE INCORPORATED ORGANISATION (CIO) TRUSTEES’ REPORT
AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
MEKETA CIO
LEGAL AND ADMINISTRATIVE INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2025
| Trustees | Sarah Bar-Lev |
|---|---|
| Paul Charles Kennet | |
| Hila Meryl Bram | |
| Peter Oliver | |
| Michael Steven Fenster | |
| Jefrey Curtis | |
| Kevin Peter Darvill | |
| Charity Number | 1169130 |
| Registered Ofce | 21 Richmond Road |
| Oxford | |
| OX1 2JL | |
| Bankers | The co-operative Bank |
| 1 Ballon | |
| Street | |
| Manchester | |
| M4 4BE | |
| Independent Examiner | Cangaf Accountants & Business Advisers |
| 235 | |
| Tonge Moor Road | |
| Bolton | |
| BL2 2HR |
MEKETA CIO
CONTENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Trustees' Report 1-2 Independent Examiner's Report 3 Statement of Financial Activities 4 Balance Sheet 5 Notes to the Financial Statements 6-11
MEKETA CIO
TRUSTEES' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2025
The trustees present their annual report and financial statements for the year ended 31 December 2025.
Trustees' report and financial statements
The trustees present their report with the financial statements of the charity for the year ended 31 December 2025. 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).
The past twelve months have been one of relative consistency for the charity. Our supporters and donors have continued to generously fund our activities for which we are immensely appreciative, but none of it would be possible without our small group of volunteers who work tirelessly and to whom the trustees are extremely grateful.
Our trustee team remained stable though the year with no personnel changes. Mark Goldsmith who has been a keen advocate for Meketa for a number of years, attended several trustee meetings with a view to joining the trustee board in 2026.
In Ethiopia, daily life continues to be deeply impacted by internal conflict which has increased inflation whilst making it a dangerous place. The Amhara region where Gondar is located understandably continues to be designated as a red travel warning by the FCDO, which has prevented us visiting the area either individually or by organising our group tours the last of which was in 2019.
These trips were invaluable for their fundraising results, creating advocates for Meketa within the British Jewish community, and for showing the locally-based charity (Shutafut) who is the recipient of all our fundraising that people care. Fortuitously, one of our trustees was able to meet with key members of Shutafut in Addis Ababa as a stop off on her way to another African country.
Expenditure this year had been tempered by not needing to support Shufatut to move after school club buildings again and lower demand for micro-loans due to the difficulties in starting a business in the current situation at Gondar. Most notably, the devaluation of the Ethiopian Birr continues to make our funds go further.
Income has been constrained by the continued lack of tours and the impact of the Israel Hamas conflict within the British Jewish community. However, we received a great deal of financial support from individuals, as well as being recipient of High Holy Days funds from The Liberal Jewish Synagogue, Edgware & Hendon Reform Synagogue and Mosaic Reform Synagogue.
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The Big Give continues to be our single largest individual fundraiser of the year, along with a smaller campaign we ran to support the summer school holiday club.
due to the travel issues in Gondar. Sales of these items have been bolstered by a number of events and talks including the annual Limmud Festival.
These circumstances have enabled us to fund an expansion for Shutafut of both the After School Club as well as adult education and youth welfare classes.
I would like to once again take this opportunity to thank all our supporters, volunteers, and trustees
for their dedication in making a real difference to an impoverished community by expanding opportunities for life improvement.
This report was approved by the trustees and signed on its behalf by:
Kevin Peter Darvill Trustee
Date : 10 March 2026
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MEKETA CIO
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 DECEMBER 2025
Independent Examiner’s Report to the Trustees of Meketa Cio
I report to the Charity Trustees on my examination of the accounts of the charity for the year ended 31 December 2025 which consists of the statement of financial activities,balance sheet and the related notes
Responsibilities and basis of report
As the charity’s trustees 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 charity's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent Examiner's Statement
The charity’s gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of ACCA
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination (other than that disclosed below *) which gives me cause to believe that in, any material respect:
-
the accounting records were not kept in accordance with section 130 of the Charities Act; or the accounts did not accord with the accounting records; or
-
the accounts did 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.
Name: Cecilia Asamoah
for and on behalf of Cangaf Accountants & Business Advisers
Date: 10 March 2026
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MEKETA CIO
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2025
| Recommended categories by activity Notes Income and endowments from: Donations and legacies 2 Charitable activities 3 Investments 4 Total Expenditure on: Charitable activities 5 Other 7 Total Net income Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
Unrestricted funds £ 35,663 23,116 - 58,779 33,393 236 33,629 25,150 25,150 1,461 26,611 |
Restricted funds £ 9,882 - - 9,882 - - - 9,882 9,882 45,936 55,818 |
Total Funds 2025 £ 45,545 23,116 - 68,661 33,393 236 33,629 35,032 35,032 47,397 82,429 |
Total Funds 2024 £ 49,238 21,073 1,275 |
|---|---|---|---|---|
| 71,586 | ||||
| 62,703 - |
||||
| 69,078 | ||||
| 2,508 | ||||
| 2,508 44,889 |
||||
| 47,397 |
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MEKETA CIO
BALANCE SHEET
FOR THE YEAR ENDED 31 DECEMBER 2025
| Recommended categories by activity Notes Current assets Debtors 9 Cash at bank and in hand 10 Total current assets Creditors: amounts falling due within one year 11 Net current assets/(liabilities) Total net assets Funds of the Charity Unrestricted funds 12 Restricted funds 12 Endowment funds 12 Total funds |
Total Funds 2025 £ 658 81,771 82,429 - 82,429 82,429 26,611 55,818 - 82,429 |
Total Funds 2024 £ 622 46,843 47,465 68 47,397 |
|---|---|---|
| 47,397 | ||
| 1,461 45,936 - |
||
| 47,397 |
The financial statements were approved by the trustees on 10 March 2026 and signed on its behalf by:
Kevin Peter Darvill Trustee
Date : 10 March 2026
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MEKETA CIO
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
1. Accounting Policies
The principal accounting policies adopted by the Charity, which is a public benefit entity, in the preparation of the accounts are as follows.
1.1 Basis of preparation
These accounts have been prepared under the historical cost convention, as modified by the inclusion of charitable properties and fixed asset investments and investment properties at valuation.
These accounts 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 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
These accounts are presented in pounds sterling and rounded to the nearest pound.
1.2 Going concern
The Trustees have prepared financial projections, taking into consideration the current economic conditions and have, at the time of approving these accounts, a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the accounts.
1.3 Income from donations or grants
Income from donations and grants is recognised when the charity is entitled to the funds, the receipt is probable and the amount can be measured reliably. For donations, this is usually on receipt. For grants, this is usually when a formal o'er is made in writing. If a donation or grant contains terms and conditions outside of the charity’s control which must be met before the charity is entitled to the funds, or if the donor specifies that the funds must be used in future time periods, then the income is deferred.
1.4 Legacies
Legacies are included in the SOFA when receipt is probable, that is, when there has been grant of probate, the executors have established that there are sufficient assets in the estate and any conditions attached to the legacy are either within the control of the charity or have been met.
1.5 Tax reclaims on donations and gifts
Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise.
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1.6 Donated goods
Donated goods are measured at fair value (the amount for which the asset could be exchanged) unless impractical to do so.
Gifts in kind for use by the charity are included in the SoFA as income from donations when receivable.
a) Donated goods for distribution to beneficiaries
The cost of any stock of goods donated for distribution to beneficiaries is deemed to be the fair value of those gifts at the time of their receipt and they are recognised on receipt. In the reporting period in which the stocks are distributed, they are recognised as an expense at the carrying amount of the stocks at distribution.
b) Donated goods for resale
Donated goods for resale are measured at fair value on initial recognition, which is the expected proceeds from sale less the expected costs of sale, and recognised in 'Income from other trading activities' with the corresponding stock recognised in the balance sheet. On its sale the value of stock is charged against 'Income from other trading activities' and the proceeds from sale are also recognised as 'Income from other trading activities'.
c) Donated goods and services capitalised as Tangible fixed assets
Goods donated for on-going use by a charity in carrying out its activities are recognised as tangible fixed assets with the corresponding gain recognised as income from donations within the SoFA.
1.7 Donated services and facilities
Donated services and facilities are included in the SOFA when received at the value of the gift to the charity provided the value of the gift can be measured reliably.
Donated services and facilities that are consumed immediately are recognised as income with an equivalent amount recognised as an expense under the appropriate heading in the SOFA.
1.8 Income from charitable activities
Income from charitable activities is recognised over the period to which the income relates. Concert fees are recognised at the date of the event. Membership fees are recognised over the period of the membership. Rent is recognised over the period to which it relates. Any amounts relating to future periods are deferred.
1.9 Expenditure
Expenditure is recognised when a present legal or constructive obligation exists at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefits will be required to settle the obligation, and the amount can be estimated reliably. It is inclusive of VAT which cannot be recovered.
Direct costs are those costs which directly attribute to its activities. Wages and salaries are allocated to direct costs based on an estimate of time spent on charitable activities by staff members.
Support costs include staff costs and are those which do not produce a direct output. Staff costs relate to specific activities and this is reflected in the allocation of payroll costs based on the percentage of time spent.
All costs, including governance costs, are allocated between the expenditure categories of the charity on a basis designed to reflect the use of the resource. Costs relating to a particular activity are charged directly; others are apportioned on an appropriate basis.
Support costs and overheads have been calculated by allocating staff time to the level of involvement in the various activities of the Charity.
1.10 Taxation
The organisation is a registered charity and has no liability to income tax or corporation tax on its charitable activities during the year.
Value added tax is accounted for on an accruals basis.
1.11 Fund accounting
Unrestricted funds are those funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes.
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1.12 Debtors
Debtors (including trade debtors and loans receivable) are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received.
2. Income from Donations and Legacies
| Analysis Unrestricted funds Restricted funds £ £ Donation and gifts 33,673 - General Donations - - Gift Aid 1,990 - Science Lab Fund - - The Big Give - 9,882 Total 35,663 9,882 3. Income from Charitable Activities Analysis Unrestricted funds £ Child sponsor 11,616 Merchandise 11,500 The Oxford & St George - Total 23,116 4. Income from Investments Analysis Other Total |
Total funds 2025 £ 33,673 - 1,990 - 9,882 45,545 Total funds 2025 £ 11,616 11,500 - 23,116 |
Total funds 2024 £ - 21,653 - 11,887 15,698 49,238 Total funds 2024 £ 8,862 8,591 3,620 |
|
|---|---|---|---|
| 21,073 | |||
| Total funds 2024 £ 1,275 |
|||
| 1,275 |
3. Income from Charitable Activities
4. Income from Investments
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5. Expenditure on Charitable Activities
| Analysis Bank charges Employee costs Printing and stationery Sponsor Money School Club Premises costs General Expenses Legal and professional costs Club Computers Kaytana Merchandise General administrative costs School Expenses Club Minibus Club Bread/Bananas Club General Books Rent Football & Sport Projects General Purchase Total Support Costs 6. Support Costs Analysis Support Costs Food Support Building Expenses Health care Girl's/Boy's Project Governance Costs Accountants fees |
Unrestricted funds £ 240 6,056 622 2,872 - - 337 - 1,688 1,743 2,276 - 63 1,241 3,821 1,769 560 4,534 141 525 383 28,871 4,522 33,393 |
Total funds 2025 £ 240 6,056 622 2,872 - - 337 - 1,688 1,743 2,276 - 63 1,241 3,821 1,769 560 4,534 141 525 383 28,871 4,522 33,393 Total funds 2025 £ - 169 277 3,015 1,061 |
Total funds 2024 £ - 22,620 - 6,894 170 13,090 - 650 - (204) - 13,108 - - - - - - - - - 56,328 6,375 |
|
|---|---|---|---|---|
| 62,703 | ||||
| Total funds 2024 £ 12,750 - - - - |
||||
| 4,522 12,750 |
6. Support Costs
7. Other Expenditure
| Analysis University Students Stalls Total |
Unrestricted funds £ 66 170 236 |
Total funds 2025 £ 66 170 |
|---|---|---|
| 236 |
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| 8. Details of certain Items of Expenditure | ||
|---|---|---|
| This year | Last year | |
| £ | £ | |
| Independent examiner’s fees | 700 | 672 |
| Assurance services other than audit or independent | ||
| examination | ||
| Tax advisory fees | ||
| Other fees (for example: fnancial advice, consultancy, | ||
| accountancy services) paid to the independent examiner | ||
| 9. Debtors: Amounts falling due within one year | ||
| Analysis of Debtors | Total funds 2025 | Total funds 2024 |
| £ | £ | |
| Other debtors | 658 | 622 |
| Total | 658 | 622 |
| 10. Cash at bank and in hand | ||
| Analysis | Total funds 2025 | Total funds 2024 |
| £ | £ | |
| Cash at bank and in hand | 81,771 | 46,843 |
| Total | 81,771 | 46,843 |
| 11. Creditors: Amounts falling due within one year | ||
| Analysis of Creditors | Total funds 2024 | |
| £ | ||
| Other creditors | 68 | |
| Total | 68 |
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12. Charity funds
12.1 Details of material funds held and movements during the CURRENT reporting period
| Fund names Fund balances brought forward Income Expenditure Transfers Gains and losses Fund balances carried forward £ £ £ £ £ £ Unrestricted funds 1,461 58,779 33,630 - - 26,610 Restricted funds 45,936 9,882 - - - 55,818 Total 47,397 68,661 33,630 - - 82,428 12.2 Details of material funds held and movements during the PREVIOUS reporting period Fund names Fund balances brought forward Income Expenditure Transfers Gains and losses Fund balances carried forward £ £ £ £ £ £ Unrestricted funds 24,242 46,501 69,282 - - 1,461 Restricted funds 20,647 25,085 (204) - - 45,936 Total 44,889 71,586 69,078 - - 47,397 |
Fund balances brought forward Income Expenditure Transfers Gains and losses Fund balances carried forward £ £ £ £ £ £ 1,461 58,779 33,630 - - 26,610 45,936 9,882 - - - 55,818 |
Fund balances brought forward Income Expenditure Transfers Gains and losses Fund balances carried forward £ £ £ £ £ £ 1,461 58,779 33,630 - - 26,610 45,936 9,882 - - - 55,818 |
Fund balances brought forward Income Expenditure Transfers Gains and losses Fund balances carried forward £ £ £ £ £ £ 1,461 58,779 33,630 - - 26,610 45,936 9,882 - - - 55,818 |
|---|---|---|---|
| 47,397 68,661 33,630 - |
- | 82,428 | |
| 44,889 71,586 69,078 - |
- | 47,397 |
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