MH Gemach Annual Financial Statement and Trustees’ Report Period Ended 31 December 2024 ## MH Gemach Annual Financial Statement and Trustees’ Report Period Ended 31 December 2024 Registered Charity Number: 1202071 MH Gemach Annual Financial Statement and Trustees’ Report Period Ended 31 December 2024 ## Table of Contents |Table of contents|1| |---|---| |Charity Information|2| |Trustees’ Annual Report|3-4| |Report of the Independent Examiner|5| |Statement of Financial Activities|6| |Statement of Financial Position|7| |Notes to the financial statements|8-10| 1 MH Gemach Charity Information |Registered Charity Number:|1202071| |---|---| |Legal form:|Charitable Incorporated Organisation (CIO)| |Trustees:|Gregory John Roediger| ||Jerome Simon Melcer| |Independent Examiner:|1g Accountants| ||Chartered Accountants| ||Churchill House| ||137-139 Brent Street| ||London| ||NW4 4DJ| |Principal Address:|Machzike Hadath Synagogue| ||1-4 Highfield Road| ||London| ||NW11 9LU| 2 MH Gemach Trustees’ Annual Report The trustees of MH Gemach (‘the Charity’) present their annual report and financial statements for the period from 1 March 2024 to 31 December 2024 ## **Constitution and objectives** The Charity is a Charitable Incorporated Organisation (CIO), and registered with the Charity Commission on 24 February 2023 with registration number 1202071. It is governed by its constitution dated 24 November 2023. Under that constitution, the Charity’s objectives are the relief of financial hardship, either generally or individually, of people living in the vicinity of NW London and the surrounding areas, in particular but not exclusively the Jewish community, by making grants of money for providing or paying for items services, or facilities. ## **Trustees** The following trustees served throughout the financial period and to the date of signature of this report: Gregory John Roediger Jerome Simon Melcer Appointment of Trustees is governed by the Constitution of the charity. The Board of Trustees is authorised to appoint new Trustees to fill vacancies arising from resignation or death of an existing Trustee. Trustees are provided with an induction upon assuming their role. ## **Achievements, performance and public benefit** During the period, the charity disbursed grants of £59,143 (2024: £6,100) to individual beneficiaries for the purpose of relief of poverty. It also provided short term interest free loans of £2,501 to individuals for the same purpose. The trustees have had regard to charity commission guidance on public benefit in the activities of the charity and in particular in making grant decisions. ## **Future Plans** The trustees intend to continue grant making activities on similar scale in future years 3 MH Gemach Trustees’ Annual Report (continued) ## **Financial Review** During the period income was £63,867 (2024: £9,571) and expenditure was £58,887 (2024: £6,820). The surplus in the period was £4,980 (2024: £2,751) and unrestricted funds at the period end was £6,731 (2024: £2,751). ## **Reserves policy** Having regards to the discretionary nature of its main grant making activity, which can be matched to available income, the trustees have adopted a policy to always maintain a surplus of one month’s expenditure (£4,845) in unrestricted funds to meet any urgent needs. The charity’s funds of £6,731 at the period end were above this level. ## **Statement Of Trustees Responsibilities** The trustees acknowledge their responsibility for preparing the Trustees’ Annual Report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial period which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources for that period. In preparing the financial statements, the trustees are required to - Select suitable accounting policies and then apply them consistently; - Observe the methods and principles in the applicable Charity SORP; - Make judgements and estimates that are reasonable and prudent; - State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; - Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, applicable Regulations, and the provisions of the constitution. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by the trustees on 8 December 2025 and signed on their behalf by Gregory John Roediger Trustee 4 MH Gemach Independent Examiner’s Report to the Trustees Period Ending 31 December 2024 I report to the charity trustees on my examination of the accounts of the above Charitable Incorporated Organisation (“CIO”) for the period ended 31 December 2024. ## **Responsibilities and basis of report** As the charity’s trustees of the CIO 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 your charity’s accounts as carried out under section 145 of the Act. In carrying out my examination, I have followed the 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: - accounting records were not kept as required by section 130 of the Charities Act; or - the accounts do not accord with those records; or - the accounts did 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. Shaya Grosskopf FCA 1g Accountants Chartered Accountants Churchill House 137-139 Brent Street London NW4 4DJ 8 December 2025 5 ## MH Gemach ## Statement of Financial Activities ## For the Period Ending 31 December 2024 |Note
**Income**
Donations, legacies and grants
2
**Total income**
2
**Expenditure**
Expenditure on charitable
activities
3
Governance costs
3
**Total expenditure**
3
**Net surplus and net**
**movement in funds for the**
**period**
**Reconciliation of funds**
Total funds brought forward
**Total (deficit) funds carried**
**forwards**||Unrestricted
Funds
31/12/24
£
53,867
**53,867**
49,143
744
**49,887**
**3,980**
2,751
**6,731**||Restricted
Funds
31/12/24
£
10,000
**10,000**
9,000
-
**9,000**
**1,000**
-
**1,000**||Total
Funds
31/12/24
£
63,867
**63,867**
58,143
744
**58,887**
**4,980**
2,751
**7,731**||Total
Funds
29/02/24
£
9,571| |---|---|---|---|---|---|---|---|---| |||||||||| |||||||||**9,571**
6,100
720| |||||||||**6,820**| |||||||||| |||||||||**2,751**| |||||||||-| |||||||||**2,751**| The statement of financial activities includes all gains and losses recognised in the period. All income and expenditure derive from continuing activities. 6 ## MH Trust ## Statement of Financial Position ## As at 31 December 2024 |Note
**Current Assets**
Debtors
4
Cash at bank
**Total Current Assets**
**Liabilities**
Creditors falling due within one year
5
**Net current assets**
**Total assets less current liabilities**
**Net assets**
**Charity funds**
Unrestricted (deficit) funds
Restricted funds
**Total (deficit) funds carried forwards**||Total Funds
31/12/2024
£
1,501
6,974
**8,475**
(744)
**7,731**
**7,731**
**7,731**
6,731
1,000
**7,731**||Total Funds
29/02/2024
£
-
3,471| |---|---|---|---|---| |||||**3,471**
(720)| |||||**2,751**
**2,751**| |||||**2,751**| |||||2,751
-| |||||**2,751**| The notes at pages 8 to 10 form part of these accounts. Approved by the trustees on 8 December 2025 and signed on their behalf by: Gregory John Roediger Director and Chair of Trustees 7 MH Trust Notes to the financial statements For the Period Ending 31 December 2024 ## 1. Accounting Policies ## (a) Basis of preparation and assessment of going concern The legal form and address of the Charity are presented in the charity information on page 2. The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value. Financial amounts are presented to the nearest £ which is the functional and presentation currency of the Charity. The financial statements have been prepared in accordance with the second edition of the Charities Statement of Recommended Practice issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011. The Charity constitutes a public benefit entity as defined by FRS 102. The Charity qualifies for and has taken advantage of the exemption for smaller entities from preparing a cashflow statement. ## (b) Income Income is recognised when the Charity has entitlement to the funds, any performance conditions attached to the item of income have been met, it is probable that the income will be received, and the amount can be measured reliably. ## (c) Expenses 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 settlement will be required and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accruals basis. All expenses including support costs and governance costs are allocated or apportioned to the applicable expenditure headings. For more information on this attribution refer to note (1e) below. ## (d) Taxes As a charitable company the Charity is exempt from income taxes. Irrecoverable VAT is charged against the expenditure heading for which it was incurred. ## (e) Allocation of costs Governance costs comprise all costs involving the public accountability of the Charity and its compliance with regulation and good practice. Costs of charitable activities include grants made in the furtherance of the Charity’s charitable aims. 8 ## MH Trust Notes to the financial statements ## For the Period Ending 31 December 2024 ## (f) Going Concern The trustees have elected to prepare the financial statements on the going concern basis based on the accumulated surplus funds and the discretionary nature of grant making expenditure. ## (g) Period of accounts The Charity’s current period of accounts reported on in these financial statements covers a period of 10 months to align with the calendar year end. The prior period was slightly longer than one year to align with the end of the calendar month. ## 2. Income |
**Income**
Donations received
**Total income**||Unrestricted
Funds
31/12/2024
£
53,867
**53,867**||Restricted
Funds
31/12/2024
£
10,000
**10,000**||Total Funds
31/12/2024
£
63,867
**63,867**||Total Funds
29/02/2024
£
9,571| |---|---|---|---|---|---|---|---|---| |||||||||**9,571**| During the year the charity received an unrestricted donation of £1,850 (2024: £7,346) £ from Machzike Hadath Synagogue, a UK registered charity with management in common with that of the Charity. ## 3. Expenditure |
Grants paid to individuals
and total expenditure on
charitable activities
Independent examiner’s
fees and total governance
costs
**Total expenditure**||Unrestricted
Funds
31/12/24
£
49,143
744
**49,887**||Restricted
Funds
31/12/24
£
9,000
-
**9,000**||Total Funds
31/12/2024
£
58,143
744
**58,887**||Total Funds
29/02/2024
£
6,100
720| |---|---|---|---|---|---|---|---|---| |||||||||| |||||||||**6,820**| 9 ## MH Trust Notes to the financial statements ## For the Period Ending 31 December 2024 ## 4. Debtors |. Debtors||||| |---|---|---|---|---| |Interest free short term charitable loans||31/12/2024
£
1,501
**1,501**||29/02/2024
£
-| |||||**-**| 5. Creditors due in less than one year |. Creditors due in less than one year||||| |---|---|---|---|---| |Accruals||31/12/2024
£
744
**744**||29/02/2024
£
720| |||||**720**| 6. Transactions with trustees and related party transactions No trustee drew remuneration, expenses or obtained any benefits from the charity. The aggregate amount donated by the trustees and those closely associated with them in the period was £236 (2024: £500). ## 7. Independent Examiner’s Fees The independent examiner was paid £744 (2024: £720) in relation to the preparation and examination of the financial statements. ## 7. Employees The number of people employed by the Charity in the period was 0. 10