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2025-03-31-accounts

REGISTERED COMPANY NUMBER: 13963112 (England and Wales) REGISTERED CHARITY NUMBER: 1199727

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

MENDAN LIMITED

Melinek Fine LLP Chartered Accountants First Floor, Winston House 349 Regents Park Road London N3 1DH

MENDAN LIMITED

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 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

MENDAN LIMITED (REGISTERED NUMBER: 13963112)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 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

Objectives and aims

The objectives of the charity are to advance such charitable purposes (according to the law of England and Wales) as the trustees see fit from time to time in particular but not limited to making grants towards advancing the orthodox Jewish faith, the relief of sickness and preservation of health and the relief of financial hardship and poverty.

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

Grants are made to charitable institutions after it has been satisfied that payments will accord with the objectives of the charity.

ACHIEVEMENTS AND PERFORMANCE

Charitable activities

The charity had a successful year, with incoming donations rising to £182,165 (2024: £79,585). From this income, £171,996 (2024: £97,004) was distributed to a wide range of charitable organisations whose work aligns with the charity’s objectives. These grants have supported educational, religious, welfare, and community initiatives, in line with the charity's objectives.

Internal and external factors

There are no specific factors to report.

FINANCIAL REVIEW

Financial position

At the balance sheet date, the charity held unrestricted funds of £10,330 (2024: £872), reflecting the surplus generated during the year. Cash reserves also increased to £10,690 (2024: £1,172), providing a stable financial base from which to continue its grantmaking activities. The trustees consider the charity’s financial position to be sound and are confident that the current level of reserves is appropriate for its ongoing operational needs.

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 a limited company, limited by guarantee, as defined by the Companies Act 2006.

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 Company number

13963112 (England and Wales)

Registered Charity number

1199727

Page 1

MENDAN LIMITED (REGISTERED NUMBER: 13963112)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

Registered office

First Floor, Winston House 349 Regents Park Road London N3 1DH

Trustees

I Y Feder P Klein S Mozes

Independent Examiner

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 3 December 2025 and signed on its behalf by:

S Mozes - Trustee

Page 2

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MENDAN LIMITED

Independent examiner's report to the trustees of Mendan Limited ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2025.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or

  2. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act 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; or

  3. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

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

3 December 2025

Page 3

MENDAN LIMITED

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025

2025
Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
182,165
EXPENDITURE ON
Charitable activities
Grants to charitable institutions
171,996
Other charitable activities
711
Total
172,707
NET INCOME/(EXPENDITURE)
9,458
RECONCILIATION OF FUNDS
Total funds brought forward
872
TOTAL FUNDS CARRIED FORWARD
10,330		 2024
Total
funds
£
79,585
97,004
669
97,673
(18,088)
18,960
872

The notes form part of these financial statements

Page 4

MENDAN LIMITED (REGISTERED NUMBER: 13963112)

BALANCE SHEET 31 MARCH 2025

2025
Unrestricted
fund
Notes
£
CURRENT ASSETS
Cash at bank
10,690
CREDITORS
Amounts falling due within one year
5
(360)
NET CURRENT ASSETS
10,330
TOTAL ASSETS LESS CURRENT LIABILITIES
10,330
NET ASSETS
10,330
FUNDS
Unrestricted funds
10,330
TOTAL FUNDS
10,330		 2024
Total
funds
£
1,172
(300)
872
872
872
872
872

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 3 December 2025 and were signed on its behalf by:

S Mozes - Trustee

The notes form part of these financial statements

Page 5

MENDAN LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, 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 Companies Act 2006. 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 corporation 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. GRANTS PAYABLE

Grants to charitable institutions 2025
£
171,996		 2024
£
97,004

The total grants paid to institutions during the year was £171,996 (2024: £97,004). A summary of grants made to institutions during the year is as follows:

Name of institution Amount (£)
Achisomoch Aid Company Ltd 51,050
Yeshiva Gedola Nezer Hatorah 15,600
North London Welfare and Educational Foundation 13,885
Keren Yedidei Beis Viznitz Ltd 10,000
The Union of Orthodox Hebrew Congregations 10,000
Beth Shmuel Synagogue 9,000
Beis Yaakov Primary school Foundation 6,500
Chana Charity Ltd 6,000
Other 49,961
Total 171,996

continued...

Page 6

MENDAN LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

3. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.

4. STAFF COSTS

There were no staff costs for the year ended 31 March 2024 nor for the year ended 31 March 2023.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025 2024
£ £
Accruals and deferred income 360 300

6. RELATED PARTY DISCLOSURES

Included within donations is a total of £49,000 (2024: £44,000) received from a company controlled by the trustees of Mendan Limited.

Page 7