**REGISTERED CHARITY NUMBER: 1180609**
**Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 May 2023**
**for**
## **UK FRIENDS OF MERKAZ HATORAH V'HATEFILLA**
Melinek Fine LLP Chartered Accountants First Floor, Winston House 349 Regents Park Road London N3 1DH
**UK FRIENDS OF MERKAZ HATORAH V'HATEFILLA**
**Contents of the Financial Statements FOR THE YEAR ENDED 31 MAY 2023**
||**Page**|
|---|---|
|**Report of the Trustees**|1 to 2|
|**Independent Examiner's Report**|3|
|**Statement of Financial Activities**|4|
|**Balance Sheet**|5|
|**Notes to the Financial Statements**|6 to 7|
**UK FRIENDS OF MERKAZ HATORAH V'HATEFILLA**
## **Report of the Trustees FOR THE YEAR ENDED 31 MAY 2023**
The trustees present their report with the financial statements of the charity for the year ended 31 May 2023. 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).
## **OBJECTIVES AND ACTIVITIES**
## **Public benefit**
The Trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the Trust's aims and objectives and in planning future activities and setting the grantmaking policy.
## **Grantmaking**
The main way in which the charity pursues its charitable objectives is through the provision of grants, particularly but not exclusively to Mercaz Hatorah V'hatefilla in Har Nof, Jerusalem.
Grants are made to charitable institutions and organisations after it has been satisfied that payments will accord with the objectives of the charity.
## **ACHIEVEMENT AND PERFORMANCE**
## **Charitable activities**
The charity has had a successful period, raising £25,040 (2022: £231,062) in donations. The trustees expect to begin making grants to charitable organisations that further the objectives of the charity in the coming year.
## **FINANCIAL REVIEW**
## **Reserves policy**
The charity aims to maintain reserves in order that it is in a position to achieve grant making activities at a consistent level and to cover contingencies of additional calls being made upon the charity for support of organisations, institutions or individuals in times of need.
## **FUTURE PLANS**
The trustees plan to continue to pursue the charitable objectives of the charity and ensure that the ability to generate sufficient income is maintained to achieve that end.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
## **Risk management**
The trustees have assessed the major risks to which the charity is exposed and are satisfied that systems are in place to mitigate exposure to major risks.
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number**
1180609
## **Principal address**
First Floor Winston House 349 Regents Park Road London N3 1DH
## **Trustees**
N Kahlani F G Grayeff I David
Page 1
**UK FRIENDS OF MERKAZ HATORAH V'HATEFILLA**
## **Report of the Trustees FOR THE YEAR ENDED 31 MAY 2023**
## **REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner**
Mr Aryeh Melinek, FCA Melinek Fine LLP Chartered Accountants First Floor, Winston House 349 Regents Park Road London N3 1DH
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
................................................................. I David - Trustee
Page 2
**Independent Examiner's Report to the Trustees of UK Friends of Merkaz Hatorah V'hatefilla**
## **Independent examiner's report to the trustees of UK Friends of Merkaz Hatorah V'hatefilla**
I report to the charity trustees on my examination of the accounts of UK Friends of Merkaz Hatorah V'hatefilla (the Trust) for the year ended 31 May 2023.
## **Responsibilities and basis of report**
As the charity trustees of the Trust 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 Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do 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.
Mr Aryeh Melinek, FCA
Melinek Fine LLP Chartered Accountants First Floor, Winston House 349 Regents Park Road London N3 1DH
Date: .............................................
Page 3
**UK FRIENDS OF MERKAZ HATORAH V'HATEFILLA**
## **Statement of Financial Activities**
## **FOR THE YEAR ENDED 31 MAY 2023**
|Year Ended
31.5.23
Unrestricted
fund
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
25,040
**EXPENDITURE ON**
Raising funds
1,500
**Charitable activities**
Other charitable activities
900
**Total**
2,400
**NET INCOME**
22,640
**RECONCILIATION OF FUNDS**
Total funds brought forward
256,813
**TOTAL FUNDS CARRIED FORWARD**
279,453|Period
1.12.20
to
31.5.22
Total
funds
£
231,062
19,422
900
20,322
210,740
46,073
256,813|
|---|---|
The notes form part of these financial statements
Page 4
**UK FRIENDS OF MERKAZ HATORAH V'HATEFILLA**
## **Balance Sheet**
## **31 MAY 2023**
|2023
Unrestricted
fund
Notes
£
**CURRENT ASSETS**
Debtors
3
4,343
Cash at bank
276,010
280,353
**CREDITORS**
Amounts falling due within one year
4
(900)
**NET CURRENT ASSETS**
279,453
**TOTAL ASSETS LESS CURRENT LIABILITIES**
279,453
**NET ASSETS**
279,453
**FUNDS**
Unrestricted funds
279,453
**TOTAL FUNDS**
279,453|2022
Total
funds
£
4,343
253,370
257,713
(900)
256,813
256,813
256,813
256,813
256,813|
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. I David - Trustee
The notes form part of these financial statements
Page 5
**UK FRIENDS OF MERKAZ HATORAH V'HATEFILLA**
**Notes to the Financial Statements FOR THE YEAR ENDED 31 MAY 2023**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. 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 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.
## **2. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 May 2023 nor for the period ended 31 May 2022.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 May 2023 nor for the period ended 31 May 2022.
## **3. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|Other debtors|2023
£
4,343|2022
£
4,343|
|---|---|---|
continued...
Page 6
**UK FRIENDS OF MERKAZ HATORAH V'HATEFILLA**
## **Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MAY 2023**
|**4.**|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|||
|---|---|---|---|
|||2023|2022|
|||£|£|
||Other creditors|900|900|
## **5. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 May 2023.
Page 7