Charfty number. 1188960
MAKOR HAYIM
UNAUDITED
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025

MAKOR HAYIM
CONTENTS
Page
R•f•r•n¢¢ •nd admlnl$tratlv• d•talls of the charity, Its Trustees arid adviJern
Tru•teo8' rnport
Tru•ts•¥' re•pon*ibllltl•s ¥tatem•nt
Ind•p•ndont •xamlnorf• r•port
stst•m•nt of flnanclal aetlvitl••
B•l•n¢• •h••t
Not•• to th• fln4n¢l•l Jtst•monts
10.17

MAKOR HAYIM
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 DECEMBER 202S
Trust•e*
Martin Dives, Chair Iresigned 1 January 20251
Nalalie Clingman. Chair
Rachel Diarnond-Hunler (resigned 30 Septèmber 20251
Dr Stacy Lee H8ckner
Oaniel Mackinlosh Iresigned 7 March 20251
Neil Benjarnin Nerva
Mar¢0 Schneebalg (rèsigned 31 May 20251
Daniel Wernberg Iresigned 30 September 20251
Charfty r•gl¥tsr•d
umbor
1 t88960
Prlnclpal offie&
56 Milverton Road
London
NW6 7AP
A¢¢ountsnts
Nyman Lib50n Paul LLP
Chartered Accountant$
124 Finchley Road
London
NW3 5JS
P8ge 1

MAKOR HAYIM
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 DECEMBER 2025
The Trustee5 present their annual raport togathar with the financial statements of Makor Hayirn for the year
ended 31 December 2025. These finan¢i81 $18temonls represent the final accounts of the charty. prepared in
advance ol its anticipated dissolution.
Objectivè* *nd a¢tlvltl•$
a. Pollcl•8 and obj•ctivo1
Advancement of Judaism in Ihe north wesl Londtsn area by Ihg provision and maintenance of facilities for public
worship and th8 provision ol classes in Hebrew and religion.
To advance such olhtr Charitable purposes as the Iruslees may determine and as are r8cogni58d by the laws of
England and Wales.
In setting ot)jectiv&s and planning lor aclivili8S. the Trustees have given due consideration lo general guidance
published by the Charlty Commfssion r&laling to public b&nefrt, including the guidance 'Publl¢ bènefit.. runnlng *
charity IPB21'.
A¢hl•v•monts •nd p•rfomi•n¢•
•. R•vl•w ol actlvltl•s 1st Jan￿311t O•c 2025
2025 has b8en an 8xlr&mely rewarding. yel aculgty challenging. year for Makor Hayim. We have been blessed
with the visionary Spiritual leadership ol Sludenl Rabbi Yael Tischler, who bègan her fourth-year training
pla¢gmenl with us in 2024. A longstanding community rnember, SR Yael brought phenomenal energy, Inslghl
and entrepreneurship lo thè Community and was enthusiastically welcomed back lor her fifth-year placement.
Highlights of the year included an inlergeneralional Passover event combining children's craft aclivrttes and adult
learning ￿th a bring-and-share cornmunity meal, attended by over 40 people including numerous firsl-lime
guests. a Chanukah tea lealuring a musi￿1 play written by one ol our members., and a High Holy Day
pro9ramme whose attendance exceeded expectations, lak1ng our tradition of moving layled serviees, powerful
sermons from a rangg of voices, and $tirnulaling parallel 8vgnls to new h8ight5.
This year also Saw an explosion of Children's programming, with the Inslilulion of Challah Time, a highly
successful and much-loved monthly programme for our youngest mernbers lealuring crafts. games. education
and Challah bakin9', Pafashah Parade. a monthly parallel service lor children." and the long.awailed publication ol
our Kulanu siddur lan inlergeneralional prayer bookl. the r8$utt of 8 year of dedicated work by SR Ya@I, Mi¢hal
Ish-Horowicz, Amila Kolecha and volunteers. The cost of nearly £1.000 was funded by ¥ gfanl from NLPS Trust.
lor which we are most appreciatlV8.
Our young members arè a Constant source of joy and an amazing asset which many synagogues would envy.
but a family-hea￿ demographic also brings challenges.. a lack ol capacity lor volunteering among their parents,
many of whom used lo be th6 volunteers who drove thè community forward, a fall In attendance at adult-locusèd
events affe¢ling our ability lo recruit a diver511y of mernbers, and a declining nel membership as families move
away through upsizing or are le58 able lo travel long distances lo attend. fo addre$$ these difficultie5.
recruilmenl initiatives aimed al young advlts were proposed, leading to five new joiners in this demographic in
2025," and thè reinslalement Of rnonthly adult educalioFI se5510ns led by SR Yael. Meanwhile. the neW￿-
conslituled Children'5 Formation Team achieved an unprecedented level of parental buy-in. making Ihe new
children's programming a great su¢ces$.
2025 was also a year ol Ir8nsrtion" 1st January $8w the resignation ol our long-serving Chair of Trustee$. Martin
Dives, wiltt another four trustees Stepping down over the following rnonths. This led to a new operational modol..
Transitional Leadership Tèam ITLTI comprising staff. clergy. IIu5tees and key volunteer5 to prowde renewed
operational capa¢ity. expertise and diversity ol vision. The learn was tasked wrth developing a sustainable
operational structure and long-lerm strategy, a process that would continue into 2026 until the ults.male deasion
was madè to close th& charity.
Page 2

MAKOR HAYIM
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2025
Fln•n¢lal r•vlow
. Golng concern
In 2025. Makor Hayim faced three key ¢hall8ngès lo 11$ viability. Firstly, a fall in voluntary donations by generous
members led to an unsuytainable operating deficit. This wa5 addressed through a major fundraising c8mp8ign
beginning in July 2025 which was proj¢cl¢d lo èliminate the dèficit had il completed. Secondly, five out of eight
trustees resigned during 2025. whom we were unable lo replace, ie$ln¢ting the capacity and collective expertise
ol the Irustee board (who had hitherto doubled as the executive decision-making body) Finally. a 25Q/ts fall in
membership In 202>28 meant that critical voluntary rolas were lèft unfill8d. It also exacerbated the finanual
shortfall due lo reduced rnember5hip fee income.
Beginnin9 in November 2025. the TLT launchgd a consultalion with the aim of a5ses5ing support among
members lor more sustainable w8ys Of fulfilling Makor Hayim's lun¢tion$ and recruiting members inlo unfilled
and inlerirn.filled trustee and volunteer roles. This consultation yielded an incredible amount ol goodwill and
willingness to step up to key responsibilities. However, even this was insufficient to ensur& all crucial roles were
sustainably filled. Al the Same time, our membership numbers ¢onlinuod to fall. leading to event ¢an¢ellalions
due to poor attendance.
For these reasons, in March 2026 the Tru$lee board aided by the TLT conduded that eontinuing as an
independent enlrty was sadly impossible. We rtssolvèd lo urgently explore partnerships or Mergers with other
synagogues, but that concurrently preparing lor closure was the only responsible course ol action. Movgm9nt lor
Progressive Judaism and community m6mbors were all inform&d in March. Makor Hayim 15 expedèd lo closè by
31st May 2026.
Al the lime ol writing, partnership lalks with the Liberal Jewish Synagogue ILJSI are encouraglng and il ss
anticipated that some of Makor H8yim's functions will be absorbed by LJS and we hope many of our members
will join LJS. so, we can relain some of our unique slWe and member-driv&n approach through a distinct
programme ol events. Under this approach, Makor Haw'm's remaining assets upon dosure will be transferred lo
LJS, with any Cash ring.fenced and restricted for Makor Hayim's activities.
b. R•¥?rv•$ poll¢y
The charity's rgserves policy is lo hold al least 8 months, operating expenses in reserves to ensur8 that in the
event ol any unforeseen circumstances, it has sufficienl financial resources to continue. This was not a¢hieved In
2025 nor is it projected lo be achieved in 2026. Following the decision 1¢ ¢losg th8 charity after the year end, the
reserves policy is no lonoer considered lo be relevant to the final activities,
Cash Reserves reserve5 held al 3181 December 2025 were £33.559. At 6 May 2026. cash at bank was £28.665.
c. Prfnclpal fundlng
Principal sourcos of funds are mernber5 lees and donations.
d. Mat•rlal Investments polS¢y and prln¢lp•l rl$k$
The principal risk facing the charity would be a failure lo raise sufficient funds lo cover the operating costs. The
Trustees have assessed this risk and, as descnbÉd abova. have determined Makor Hayim is unablo to mitigate
this and therefore will close the charity by or shortly after 31 May 2026. The Truslees have made careful
provision for all known and Conlingenl ¢osls and after taking into accounl the cash rèsèrves and further incorne
receivable before closure, have delerrnined Makor Hawm will bè able lo pay all ol 115 debts pntsr to closure, with
the surplus
being donated to The
Liberal Jewish Synagogue
(Charity no 11592921.
Page 3

MAKOR HAYIM
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2025
structure, governance and m*n#g•ment
. Constltutlon
Makor Hayim is consliluled as a Charitable Incorporated 0r9anisation ICIOI. charity number 1188960.
b. Method• of appolntmont or •l•¢tlon of Tru8to¢s
The management of the charity 15 the responsibilrty ol the Trustees who are appointed at the annual genèral
meeting ol members.
c. Managementand JLgff
The Trustees express their deep appreciation lor the exceptional eonlribulions made by Sludenl Rabbi Yagl
Tischler, Amila Kolecha our Community Op¥ralions Manager and the Transitional Leadership Tearn of Debbie
Danon, Michal Ish-Horowicz. Sam Glatman and Martin Div&s.
Approvod
by
order
of
the
members
of
the
board
of
and Signed on their behaLf by..
Tiuslo85
on
Natsll• Cllngman
(Chair ol TnJ5teesl
Page 4

MAKOR HAYIM
STATEMENT OF TRUSTEES, RESPONSIBILITIES
FOR THE YEAR ENDED 310ECEMBER 2025
The Trustees are responsible for preparing the Trustees, report and the financial statements in accordance wrth
applicable law and United lfj'ngdom Accounting Standards Iunited Kingdom Ggnerally A￿pted Accounting
Pra¢ti¢o1.
The law applic8ble lo Charities in England & Wales requires the Trustees lo prepare financial statements lor
each financial which give a true and fair view ol the slate of affairs of the charity and ol ils incoming resources
and application ol resources. induding its in¢ome and expenditure, lor that period. In preparing Ih&se financial
stalernenls. the Tru51ees are required lo..
select suitable accounting poli￿e$ and then apply them consistently..
observe the methods and principles of the Charities SORP IFRS 1021.,
make judgments and accounting estimates that are reasonable and prudent.,
stale whether applicable UK Accounting Standards IFRS 1021 have been followed. subjgd lo any mal8rial
departures disclosed and explained in the financial slalements.,
prepare the financial statements on the going conc&rn basi5 unless it is inapproprialg to presume that the
charity will continue in business.
The Truslegs are responsible for keeping adequate accounllng records that are sufficient lo show and explaln
Ihe charill5 transactions and disclose with reasonable accuracy at any time the financial position ol the charily
and enable thèm lo gn$urg that tho financial stat8m•nl$ ¢omply with Ihg Charitiès Act 2011, the Charity
IAc¢ounls and Reports) Regulations 2006 and the provisions of the Trust deed. They are also responsible for
safeguarding the assets of the charity and hence for taking reasonable steps for thè prevention and detection ol
fraud and other irregularities.
Approved
by
order
of
ihg
nigmbers
of
Ihg
board
and $ign&d on ils behalf by..
of
Tru$to96
on
N&tsll• Cllngm•n
Ichair ol Trusleesl
Page 5

MAKOR HAYIM
INDEPENDENT EXMIINER'S REPORT
FOR THE YEAR ENDED 31 DECEMBER 2025
Indèp•nd•nt Examln•rfs Report to th• Trust••J of hlakor Hayim I'the charity'l
I report lo tha charity Trustees on my exarnination of the accounts of the ch8rily lor the year ended 31 December
2025.
RMpon•lbllltl•$ and Ba•1¥ of Roport
As the Trustees of the charity you are r&5ponsible lor the preparation of the accounts in accordance with the
roquiremants of the Charities Act 20111'the 2011 Act'l.
I rèport in rèspect of my exarnination ol Ihe charity's accounts carried out under section 145 of the 2011 Act and
in carrying out my examination I have lollowod the applicabl6 Directions given by the Charity Commission under
Section 14515llbl of the 2011 Act.
Indep•nd•nt Examlnerf• SLgt•m•nt
Your att8nlion is drawn lo the fact that the charity has prepared the accounts in a¢￿IdaNce with Accounting and
Reporting by Charities." Slalemenl of Raeommended Practice applicable to charities preparing their account8 in
accordance with the Financial Reporting Standard applicable in the UK and Republic ol Ireland IFRS 1021 in
preference to the Accounting and Reporting by Charilies.. Slalemenl of Recommended Pra¢tiee issued on 1 April
2005 which is referred to in the extant regulations bul has been withdrawn.
l undgrsland that thi$ has b89n don8 in order lor the a￿￿ntS to provide 8 true and fair wew in accordance with
the Generally Acceple¢J Accounting Pracllce effective lor reporting poriods beginning on or aftgr 1 January 2015.
I have completed my examination. l eonfim Ihal no matters, other than those fully detailed below, have come lo
rny attention in connection with the examination giving me reasonable cause to believe that in any material
resp9cI'.
a¢¢ounling records were not kept In rgspecl of the charty as required by Section 130 of thg 2011 Acl,. or
Ihg 8ccounl$ do not auord with those records., or
the accounts do not comply wilh the applicable requirernenls concerning the form and content of
accounts set out in thé Charities (Awounls and Reports) Regul81ion$ 2008 other than any rèquirement
Ihal the ac¢ounls give a 'lrue and lair, wew which is not a matter considered as part tsf an independent
exarninalion.
l Confirm that there are no other matters lo which your attention Should be drgwn lo enable a proper
under$18nding ol the accounts lo be reached.
Page 6

MAKOR HAYIM
INDEPENDENT ELIMINER'S REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2026
Emph••l¥ ol Matt•r
I draw attention to Note 2.2 of the financial slaternenls. which explains Ih8t the charity has resolved to proceed
with an orderfy closure after the reporting period, and that the financial slalemenls havo therefore not boen
prepared on a going concem basis. My opinon is not modified in respect of this maller.
Thls report is mad9 solely lo the charity's Trustg9s, a$ a body. in accordance with Part 4 of the Charities
lAC￿￿ntS and Reports) Regulations 2008. My work has bèen undertaken so that I might slate to the charity's
TTUStees those matters l am required lo slate to them in an independent exarninerf5 report and lor no other
purpose. To the fullest exlenl permilled by law. I do not accept or 8ssuma responsibility to anyone other than the
charity and the charity's Trustees as a body. lor my work or for this report.
Signèd..
Dated,, 3 August 2026
Andrew Thomas IACAI
Nym8n Llb8on Paul LLP
Chartered Accountants
124 Finchley Road
London
NVV3 5JS
Page 7

MAKOR HAYIM
STATEMENT OF FINANCIAL ACTMTIES
FOR THE YEAR ENDED 31 DECEMBER 2025
Unrestricted
funds
202S
Total
funds
2025
Total
lund5
2024
Note
In¢om• from:
Donations and lega¢igS
Investments
94.407
462
94,407
100,359
477
Total Incoma
94,869
94,869
100.836
Exp•ndltur• on:
Charitable a¢livilios
98,116
98,116
114,621
Totsl •xpondlturo
98,116
98,116
114.621
N•t movoment In lund•
13,2471
13,24n
113,7851
R•conclllatlon of fund•:
Total funds brought forward
Net m0￿ment in fund5
36.358
13,2471
36,358
13,24n
50,143
113,7851
Total fund• carrtgd fopxard
33,111
33,111
36,358
The Slalemenl ol Fin8ncial Activiti8$ includes all gains and losses rgcognisod in Ihe year.
The noles on pages 10 10 17 form part of these financial stalemenls.
Page 8

hlAKOR HAYIM
BALANCE SHEET
AS AT 31 DECEMBER 2025
2025
2024
Note
Currnnt a¥8•t8
Debtors
Cash at bank and ift hand
3,097
33.560
3.093
50.011
36,657
53.104
Curr•nt 1lab1ll￿•I
Creditors.. amounts falling due within one
year
10
13,5481
118.7461
Not ¢urMnt *si•ts
33.111
36,358
Total n•t a•8•ts
33.111
36.358
Charfty funds
R8Stricted funds
Unrestrided fund5
33,111
36.358
Totsl fund•
33,111
36.358
The financial $tatemènls wero 8pproved and authorised lor iSSLte by the TNsl&e$ on
and signed on thèir bghalf by..
Natall• Cllngman
(Chair of Trusleesl
The not9s on pages 10 to 17 form part ol these financial Slaterngnts.
Page 9

MAKOR HAYIM
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Gen•rnl information
Makor Hayim is a Charitable incorporaled organisation registered in England and Wales. The fegisterèd
olfi¢e is 56 Milverton Road, London. NW6 7AP,
The charity is governed by a constitution which includes dissolution provisions, and the Iruslees intend lo
apply these in lull on winding up, including the transfer of remaining assets lo a charity with similar
charitable purp03e5.
Accountlng policifr
2.1 8a¥l¥ ol prnparatlon ol flnan¢lal •tst•m•nts
The finanaal statemenls have been prepared in accordancè with the Charities SORP IFRS 1021
Accounting and Reporting by Chariligs." Slalernent ol Recomrnended Practice applicable to charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK
and Republic ol Ireland IFRS 1021 (effective 1 January 20191, the Financial Rèporting Standard
applicable in the UK and Republi¢ ol Ir8land IFRS 1021 and the Chanlies Act 2011.
The financial statements have been prepared lo give a 'lrue and faiv vigw and hav8 departgd from
the Charitios IAccounls and Reports) Regulation5 2008 only 1¢ the extenl roquired lo provide 8 'lrue
¥nd fair, vittw. This departure has involved followin9 tho Charities SORP IFRS 1021 published in
October 2019 rather than thè A￿oUntIng 8nd Reporting by Chari118s'. Ststemgnl ol Re¢omm&nded
Practice effective from 1 April 2005 which has since been withdrawn.
Makor Hayim me818 Ihe definition ol 8 public benefit entity undor FRS 102. Assets and liabililias are
initially recognised al hi51ori¢al cost or transaction value unle$8 Othe￿18$ $laled in the rglgvanl
accounting policy.
2.2 Golng concern
The truslègs hav9 dètermined thal the charlly Is no longer a going concèrn due to sustained income
and membership declines and insufficient Iruslee Capacity. In Mar¢h 2026, thè Iruslee$ r&solved lo
proceed with an ordedy c105ure, with the charity expected lo cease operations by 31 May 2026. and
therefore Ihe financial stalemenls havo accordingly not been prepared on a going concern bas1S.
Asse15 and liabilities are staled al the amounts expe¢ted lo be realised or settled during Closure, with
any rernaining assets transferred to a charily with similar purposes in accordance with the governing
dowmenl.
Page 10

MAKOR HAYIM
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Accountlng poli¢l•• l¢ontinugdl
2.3 In¢om•
All income is recogni$ed once the ¢harity has enlillernenl lo the income. il is probable that tha in¢ome
will be receivèd and th8 amount of incom8 reGoivablo can b$ measured reliably.
Grants are included In the statement ol financial activitie5 on a receivable basis. The balancè ol
Income received for specific purposes but not gxpènd?d during the period is shown in the relevant
funds on the balance sh*&t. Where income is received In advance of enlitlernenl ol receipt. ils
recognition is d¥l¥rred and induded in creditors as deferred Income. Where entitlement occurs
bèlore Income is received. the incoma 16 accrued.
Income lax recoverable in relation lo donations received under Gift Aid or deeds af coven8nl 18
recognised al tho lime ol the donation.
Income lax recover8blg in relation lo investment Income 18 ie¢ogni8ed al thè limtr the invèslmenl
Income is raceivablo.
2.4 Exp•ndlturn
Expenditure 15 recognised once there is a legal or conslruclive obligation to transfèr •conomi¢ benefit
to a third party. il Is probable that a transfer of economic bgn&fils will be required in settlement and
Ihe amount ol Ihe obli9alion Can be rHe8sured reliably. Expenditure is classified by activity. The costs
ol each activity are made up of the tolal ol direct cosls and shared costs. including support costs
involved in undertaking each activity.
Expenditure on charitable a¢tivities is incurred on directly undertaking Ihe activitie5 which furth8r the
charity's objectiVfj5. a$ w911 a3 any assoaaled support C05t$.
2.5 Intsreit r•¢•lvabl?
Inl•r•$l on funds held on deposit is included when receivable and the amount ean be mèasured
reliably by the Charity". th￿$ is normally upon notification ol the Inte￿$1 paid or payable by the institution
with whorn the funds are d8POSlted.
2.6 Dèbtorn
Trade and other debtors are recognised at the settlement amount after any trade discount offered.
Prepayments are v81ued al the amount prepaid nel of any trade {Jis￿unls due.
2.7 Cash at bank and In hand
Cash al bank and in hand indudes cash and short-lerm highly liquid inv8slmènls with a short maturity
of three months or lèss trom thè datè ol acquisition OT opening ol the deposit or similar account.
2.8 Llablllt508 and provislon5
Liabilrties are recognised when there is an obligation at Ihe balance sheet dale as a result of a past
evenl, it is probable that a transfer ol èconomic benefit will be required in settlement. and the amount
of thè settlement ¢an be estimatèd reliably.
Liabilities are re¢ognised al the amount that the charity anticipates it will pay to settle the debt or the
amount it has received as advanced payments lor the goods or service5 11 musl proiride.
Page 11

MAKOR HAYIM
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OEGEMBER 2025
A¢¢ourttlng pollcSè5 Icontlnuedl
2.9 Fln4n¢lal In•tNmgnts
The charity only has financial asse15 and financial liabilities of a kind that qualify as basic financial
inslrumenls. Basic financial instruments are initially recognisèd al transaction value and subsequently
measured al their seltlèmènl valuè with the exception of bank loan5 which are subsequontly
measured at arnort15ed cogt usin9 the effective Int&re$t method.
2.10 P0n$lon•
The charity operal8s a defined contribution pan$ion scheme and the Pension charge represents the
amounts payable by Ihe charity lo the fund In respect ol the year.
2.11 Fund a¢¢ountlng
General lunds are unreslricled funds which are available for use al the digcrelion ol the Trustees in
furtherance of the 9grFeral objectives of the charity and which have not been designated for other
purposes.
D&s5gnaled funds compri98 unrestricted funds Ihal have been sel aside by the Trustees for particular
purposes. The aim anty u¥& ol oa¢h de$ignat8d fund 1$ sot out in the notey lo the financial
Statements.
Investment income, gains and lo$se$ are allocat¢d lo the appropriate fund.
In¢om• from donatlon$ And l•gacl•8
Unrestricted
funds
2025
Total
funds
2025
Total
lunds
2024
Donalions
Grants
Other incoming resources
80,579
13,328
500
80,579
13,328
500
84,814
15.277
268
94,407
94,407
1 QO.359
Page 12

MAKOR HAYIM
NOTES TO THE FINANCIAL STATEMENTS
FOR THE Y&4R ENDED 31 DECEMBER 2025
Inv•$tmont Incomo
Unreslricled
funds
2025
Total
funds
2025
Total
lunds
2024
Interest incom8
477
Analy818 of expgndlturg by •ctlvltl•*
Actlvllies
undertaken
directly
2025
Support
costs
2025
Total
fund5
2025
Total
funds
2024
Synagogue optralions
78,737
19,379
98,116
114.621
Analy•l• of dlr•¢t ¢o•ts
Actiwlies
undertaken
directly
2025
Total
funds
2025
Total
funds
2024
Staff costs
RJ Assessment
High Holy Day
Rabbi expenses
General expènses
JJBS fees
Staff expenses
Rent
46,413
14,3621
3,785
46.413
14.3621
3.785
51,745
2,149
4.433
2,408
4,737
5,859
3,500
13,520
743
5.488
12.954
13.716
743
5.488
12.9S4
13.716
78.737
78 737
88,351
Total 2024
88,351
88,351
Page 13

MAKOR HAYIM
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OECEMBER 2025
Indep•nd8nt •xamln•rf$ Y•muneratlon
The independent examinerfs remunèration amounts lo an Independent examiner lee of £1.45012024
£1.4001
Staff ¢o¥ts
2025
2024
Vvages and salarie5
Social security costs
Contribution to defined contribution pension schemes
38.930
4.494
3.306
44,512
1,138
6,389
48.730
S2,039
The average nurnber ol persons ernployed by the charrty during the year was a5 follows..
2025
No.
2024
No.
Employees
No ernplo￿e received rèmvneralion amounting to more than £60.000 in either year.
Tru$t•••' remun•ratlon and exp•n¥•8
During th8 year, no Trustegs rg¢&iv&d any remuneration or other bengfl1s12024. £NILI.
During the yoar andgd 31 Dgcember 2025, no Truste9 expenses have been incurred12024- £NIL}.
D•btor•
2025
2024
Due wlthln on• yo•r
Prépayments and accrued income
3,097
3,093
3,097
3.093
Pa9e 14

MAKOR HAYIM
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENOED 31 DECEMBER 2025
10. Creditors.. Amounts falling du? within ong y￿r
2025
2024
Tradg credllors
Other taxation and soaal $8curity
Pensions payable
Other creditors
Awu81s and deferred income
10
1,456
1,3CkS
1,398
408
2,130
11,470
1,730
3.S46
16,746
11. Ststsmont olfund•
ststom•nt of lunds- curr•nt y••r
Balanco at
31
D&cember
2025
Balance al 1
January
2025
Incorng Expenditure
Unr••tdctsd funds
General Funds - all funds
36,358
94.869
198,1161
33,111
Statement of fundj . prlor year
Balancg 81
31
Dec8mber
2024
Ba13n¢o al
1 January
2024
Income Expendituro
Unre8trf¢t•d funds
General Fund$- all funds
50.143
100,838
1114,6211
36.358
Page 15

MAKOR HAYIM
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
12. Analys1¥ of ngt a$$•ts b•tsM•n funds
Analy•l$ of not assgts bets¥e•n fundi - curr•nt y•ar
UnTeslricled
funds
2025
Total
lund5
2025
Current as$et$
Creditors due within one year
36,657
13,5461
36.857
13,5461
Total
33,111
33.111
Analy•l• of n•t a¥••t• befv4o•n fund$ - prfor y•ar
Unre$tri¢tèd
funds
2024
Total
funds
2024
Current assets
Creditors dts& within ono year
53.104
116.7461
53.104
116,7461
Totsl
36.358
36,358
13. P•n$lon commltm•nts
The ¢harity operates a defined conlrfbulion pension scheme. Th9 assets of the scheme are hold
separately from those of the charity in an independently administered fund, p?nsion cost charge
represènts contributions payablè by the charity to the ILSnd and amounted lo £3.30612024' £6.3891. £408
12024.. £3841 was payable lo Ih? funt¥ 81 ltte b8lance sheet dale and has been included In creditors.
14. R•14t•d party tran•a¢tlon$
During the year, unrestricted donations of £1.00012024.' £12,4501 in aggregate were received Irorn the
trusteès. Thèrè wèi8 no furthèr relatèd party transactions rÈquirifTrg disclosure as at the year ènd.
Page 18

MAKOR HAYIM
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 310ECEMBER 202S
15.
Post balance 8h8•t evgnts
After the reporting dale. the Trustees resolved lo proceed WI￿ an orderfy closure of the charity. having
¢on¢luded that continuing as an independenl entity was no longer viable. The charity is expgctod lo cease
operations by 31 May 2026, with any remaining asstrts Iransferr&d lo anolhor eharity with similar charitable
purposes. in accordance with the governing document.
In addition, after the year end Iho charity entered into a settlemtrnl agreomènl with * fomer employee.
under which a £5,000 net payrnent was rnade in respect of termination of employment. This payment will
be settlad from existing cash resources and does not affect the Slalemenl of Finanoal Posrttot) as al 31
Dècambèr 2025.
There were no lurther post-balancg Shgel 8V8nls lo be disclosed al th8 y•ar gnd.
Page 17