2022-03-31-accounts - Makor Hayim

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Trustees’ Annual Report for the period

From 1 April 2021 Period start date To 31 March 2022 Period end date

Charity name: MAKOR HAYIM

Charity registration number:1188960

Objectives and Activities

	SORP reference
Summary of the purposes of the charity as set out in its governing document	Para 1.17	The advancement of Judaism in the North West London area in particular but not exclusively by the provision and maintenance of facilities for public worship and the provision of classes in Hebrew and religion. To advance such other charitable purposes as the elected officers may determine and as are recognised by the laws of England and Wales
Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts.	Para 1.17 and 1.19	Provision of religious services, education classes, outreach to members, supporting other local charities.
Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit	Para 1.18	The trustees have had regard to the guidance issued by the Charity Commission on public benefit

Additional information (optional) You may choose to include further statements where relevant about:

SORP reference The charity does not make grants. Para 1.38 Policy on grant making Not applicable Para 1.38

Policy on social investment including program related investment
Contribution made by volunteers	Para 1.38
Other		During the year, the effects of the pandemic continued to curtail our plans to obtain new banking facilities for our charity Makor Hayim, the successor to Shir Hayim and to transfer the Shir Hayim assets and liabilities to Makor Hayim. We have established the name of Makor Hayim in our community and beyond, whilst still transacting our financial affairs under the Shir Hayim legal entity.No accounts have been established in the name of Makor Hayim. See the Trustees Annual Report of Shir Hayim. In July 2022, we were able to establish accounts with a new bank which supports charitable enterprises. We have also been able to establish accounts with other financial services firms, all of which are beginning to facilitate ouradministration work.

Achievements and Performance

SORP reference See the Trustees Annual Report of Shir Hayim 2022. Summary of the main Para 1.20 achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole.

Additional information (optional) You may choose to include further statements where relevant about:	Additional information (optional) You may choose to include further statements where relevant about:	Additional information (optional) You may choose to include further statements where relevant about:
Achievements against objectives set	Para 1.41	n/a
Performance of fundraising activities against objectives set	Para 1.41	n/a
Investment performance against objectives	Para 1.41	n/a
Other

Financial Review

Financial Review
Review of the charity’s financial position at the end of the period	Para 1.21	n/a
Statement explaining the policy for holding reserves stating why they are held	Para 1.22	n/a
Amount of reserves held	Para 1.22	n/a
Reasons for holding zero reserves	Para 1.22	n/a
Details of fund materially in deficit	Para 1.24	n/a
Explanation of any uncertainties about the charity continuing as a going concern	Para 1.23	n/a

Additional information (optional) You may choose to include further statements where relevant about:	Additional information (optional) You may choose to include further statements where relevant about:	Additional information (optional) You may choose to include further statements where relevant about:
The charity’s principal sources of funds (including any fundraising)	Para 1.47	n/a
Investment policy and objectives including any social investment policy adopted	Para 1.46	n/a
A description of the principal risks facing the charity	Para 1.46	n/a
Other		n/a

Structure, Governance and Management

Description of charity’s trusts:
Type of governing document (trust deed, royal charter)	Para 1.25	Constitution
How is the charity constituted? (e.g unincorporated association, CIO)	Para 1.25	Charity registered with the Charity Commission
Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees	Para 1.25	Individual trustees are appointed at each annual general meeting of members, in accordance with the constitution.

Additional information (optional) You may choose to include further statements where relevant about:	Additional information (optional) You may choose to include further statements where relevant about:	Additional information (optional) You may choose to include further statements where relevant about:
Policies and procedures adopted for the induction and training of trustees	Para 1.51
The charity’s organisational structure and any wider network with which the charity works	Para 1.51	The charity is a member of the Movement for Reform Judaism
Relationship with any related parties	Para 1.51	Not applicable
Other

Reference and Administrative details

Charity name	Makor Hayim
Other name the charity uses	Shir Hayim- Hampstead Reform Jewish Community
Registered charity number	1091151

Charity’s principal address	56 Milverton Road London NW6 7AP

Names of the charity trustees who manage the charity

Trustee name	Office (if any)	Dates acted if not for whole year
Martin Dives	Chair
Debbie Danon	Vice-Chair
Lois George
Stephanie Brada	Secretary
Allison Zionts
Adam Rossano
Michael Simpson		Resigned December 2021

– Corporate trustees names of the directors at the date the report was approved

Director name

Name of trustees holding title to property belonging to the charity

Trustee name	Dates acted if not for whole year

Funds held as custodian trustees on behalf of others

Description of the assets held in this capacity	n/a
Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects	n/a
Details of arrangements for safe custody and segregation of such assets from the charity’s own assets	n/a

Additional information (optional)

Names and addresses of advisers (Optional information) Type of Name Address adviser

Name of chief executive or names of senior staff members (Optional information)

Exemptions from disclosure

Reason for non disclosure of key personnel details

Other optional information

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) Full name(s) William Martin Dives Position (eg Chair Secretary, Chair, etc) Date 20 November 2022