REGISTERED CHARITY NUMBER: 1180609
REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025
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 2025
| 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 2025
The trustees present their report with the financial statements of the charity for the year ended 31 May 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).
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 Merkaz 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.
ACHIEVEMENTS AND PERFORMANCE
Charitable activities
The charity undertook a significant fundraising campaign in the prior year, and as a result the level of new donations received in the current year was lower, amounting to £11,748 (2024: £240,887). During the year the charity reclaimed £45,471 of gift aid relating to eligible donations.
The trustees used the majority of the funds available to make a grant of £300,000 to Merkaz Hatorah V’Hatefilla in Har Nof, Israel, in furtherance of the charity’s objectives. The trustees expect further grants to be made in the coming year.
FINANCIAL REVIEW
Financial position
Total incoming resources for the year amounted to £60,938 (2024: £243,751), comprising donations of £11,748 (2024: £240,887), gift aid recovered of £45,471 (2024: £nil) and bank interest of £3,719 (2024: £2,864).
During the year the charity made a grant of £300,000 (2024: £200,000) to Merkaz Hatorah V’Hatefilla in Har Nof, Israel in furtherance of its charitable objectives. Other expenditure totalled £1,135 (2024: £4,518).
As a result, the charity recorded net expenditure for the year of £240,197 (2024: net income £39,233).
At the year end the charity held cash at bank of £79,389 (2024: £315,243). Net assets and total unrestricted reserves stood at £78,489 (2024: £318,686).
Reserves policy
The charity is a grant-making charity and has minimal operating overheads. The trustees therefore do not consider it necessary to maintain reserves at a specific target level. However, the trustees aim to retain a modest level of reserves in order to ensure continuity of charitable support and to enable the charity to continue making grants where appropriate.
Going concern
The trustees have assessed the charity’s financial position and its expected future income and expenditure. The charity holds sufficient reserves and cash resources to meet its obligations as they fall due. Accordingly, the trustees consider it appropriate to prepare the financial statements on a going concern basis.
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.
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UK FRIENDS OF MERKAZ HATORAH V'HATEFILLA
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MAY 2025
STRUCTURE, GOVERNANCE AND MANAGEMENT Risk management
The trustees have considered the principal risks to which the charity is exposed, including currency fluctuations, compliance with both UK and Israeli charity regulations, and ensuring that funds granted are applied for charitable purposes by recipient organisations. The trustees are satisfied that appropriate procedures and financial controls are in place to mitigate these risks, and they maintain regular communication with recipient charities to monitor the use of funds and their activities.
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
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 17 March 2026 and signed on its behalf by:
I David - Trustee
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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 2025.
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:
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accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
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the accounts do not accord with those records; or
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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
17 March 2026
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UK FRIENDS OF MERKAZ HATORAH V'HATEFILLA
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MAY 2025
| 2025 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 57,219 Investment income 2 3,719 Total 60,938 EXPENDITURE ON Raising funds - Charitable activities Grants made to Merkaz Hatorah, Har Nof 300,000 Other charitable activities 1,135 Total 301,135 NET INCOME/(EXPENDITURE) (240,197) RECONCILIATION OF FUNDS Total funds brought forward 318,686 TOTAL FUNDS CARRIED FORWARD 78,489 |
2024 Total funds £ 240,887 2,864 243,751 3,383 200,000 1,135 204,518 39,233 279,453 318,686 |
|---|---|
The notes form part of these financial statements
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UK FRIENDS OF MERKAZ HATORAH V'HATEFILLA
BALANCE SHEET
31 MAY 2025
| 2025 Unrestricted fund Notes £ CURRENT ASSETS Debtors 4 - Cash at bank 79,389 79,389 CREDITORS Amounts falling due within one year 5 (900) NET CURRENT ASSETS 78,489 TOTAL ASSETS LESS CURRENT LIABILITIES 78,489 NET ASSETS 78,489 FUNDS Unrestricted funds 78,489 TOTAL FUNDS 78,489 |
2024 Total funds £ 4,343 315,243 319,586 (900) 318,686 318,686 318,686 318,686 318,686 |
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 17 March 2026 and were signed on its behalf by:
I David - Trustee
The notes form part of these financial statements
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UK FRIENDS OF MERKAZ HATORAH V'HATEFILLA
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025
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.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
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. INVESTMENT INCOME
| Deposit account interest | 2025 2024 £ £ 3,719 2,864 |
|---|---|
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 May 2025 nor for the year ended 31 May 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 May 2025 nor for the year ended 31 May 2024.
continued...
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UK FRIENDS OF MERKAZ HATORAH V'HATEFILLA
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MAY 2025
4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
||
|---|---|---|
| Other debtors 5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other creditors |
2025 £ - 2025 £ 900 |
2024 £ 4,343 |
| 2024 £ 900 |
6. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 May 2025.
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