REGISTERED COMPANY NUMBER: CE035702 (England and Wales) REGISTERED CHARITY NUMBER: 1207630
Report of the Trustees and
Unaudited Financial Statements for the Period 27 March 2024 to 31 March 2025
for
Malachim Foundation
BBK Partnership Chartered Accountants & Statutory Auditors 1 Beauchamp Court 10 Victors Way Barnet Hertfordshire EN5 5TZ
Malachim Foundation
Contents of the Financial Statements for the Period 27 March 2024 to 31 March 2025
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | to | 6 |
| Notes to the Financial Statements | 7 | to | 9 |
| Detailed Statement of Financial Activities | 10 |
Malachim Foundation
Report of the Trustees for the Period 27 March 2024 to 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 period 27 March 2024 to 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).
INCORPORATION
The charitable company was incorporated on 27 March 2024.
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.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
CE035702 (England and Wales)
Registered Charity number
1207630
Registered office
LONGCOTE TANGLEWOOD CLOSE STANMORE Greater London HA7 3JA
Trustees
N J Schwarzmann (appointed 27.3.24) L Leigh (appointed 8.10.25) J Schwarzmann (appointed 27.3.24)
Independent Examiner
Alan Kaye FCA BBK Partnership Chartered Accountants & Statutory Auditors 1 Beauchamp Court 10 Victors Way Barnet Hertfordshire EN5 5TZ
Page 1
Malachim Foundation
Report of the Trustees for the Period 27 March 2024 to 31 March 2025
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
..........................................................................
N J Schwarzmann - Trustee
Page 2
Independent Examiner's Report to the Trustees of Malachim Foundation
Independent examiner's report to the trustees of Malachim Foundation ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the period 27 March 2024 to 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:
-
accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
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
-
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.
Alan Kaye FCA
BBK Partnership Chartered Accountants & Statutory Auditors 1 Beauchamp Court 10 Victors Way Barnet Hertfordshire EN5 5TZ
Date: .............................................
Page 3
Malachim Foundation
Statement of Financial Activities for the Period 27 March 2024 to 31 March 2025
| Unrestricted | ||
|---|---|---|
| fund | ||
| Notes | £ | |
| INCOME AND ENDOWMENTS FROM | ||
| Donations and legacies | 21,250 | |
| EXPENDITURE ON | ||
| Raising funds | 24 | |
| Other | 106 | |
| Total | 130 | |
| NET INCOME | 21,120 | |
| TOTAL FUNDS CARRIED FORWARD | 21,120 |
The notes form part of these financial statements
Page 4
Malachim Foundation
Balance Sheet 31 March 2025
| Unrestricted | ||
|---|---|---|
| fund | ||
| Notes | £ | |
| CURRENT ASSETS | ||
| Debtors | 3 | 3,400 |
| Cash at bank | 17,930 | |
| 21,330 | ||
| CREDITORS | ||
| Amounts falling due within one year | 4 | (210) |
| NET CURRENT ASSETS | 21,120 | |
| TOTAL ASSETS LESS CURRENT | ||
| LIABILITIES | 21,120 | |
| NET ASSETS | 21,120 | |
| FUNDS | 6 | |
| Unrestricted funds | 21,120 | |
| TOTAL FUNDS | 21,120 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2025.
The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
Page 5
Malachim Foundation
Balance Sheet - continued 31 March 2025
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 ............................................. and were signed on its behalf by:
.............................................
N J Schwarzmann - Trustee
The notes form part of these financial statements
Page 6
Malachim Foundation
Notes to the Financial Statements for the Period 27 March 2024 to 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.
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.
Provisions
Provisions are recognized when the charity has a present obligation at the balance sheet date arising from a past event, it is probable that an outflow of economic benefits will be required to settle the obligation, and the amount can be reliably estimated.
Going Concern
The trustees have assessed the charity’s financial position, including the current year surplus of £3,112, along with the anticipated income and expenditure for at least 12 months from the date of approval of these financial statements. Based on this assessment, the trustees are satisfied that the charity has adequate resources to continue its operations for the foreseeable future. Accordingly, these financial statements have been prepared on a going concern basis.
Page 7
Malachim Foundation
Notes to the Financial Statements - continued for the Period 27 March 2024 to 31 March 2025
2. TRUSTEES' REMUNERATION AND BENEFITS
| There were no trustees' remuneration or other benefits for the period ended 31 March | There were no trustees' remuneration or other benefits for the period ended 31 March | 2025. | ||
|---|---|---|---|---|
| Trustees' expenses | ||||
| There were no trustees' expenses paid for the period ended 31 March 2025. | ||||
| 3. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| £ | ||||
| Accounts Receivable | 3,400 | |||
| 4. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| £ | ||||
| Other loans (see note 5) | 210 | |||
| 5. | LOANS | |||
| An analysis of the maturity of loans is given below: | ||||
| £ | ||||
| Amounts falling due within one year on demand: | ||||
| Director's Loan Account | 210 | |||
| 6. | MOVEMENT IN FUNDS | |||
| Net | ||||
| movement | At | |||
| in funds | 31/3/25 | |||
| £ | £ | |||
| Unrestricted funds | ||||
| General fund | 21,120 | 21,120 | ||
| TOTAL FUNDS | 21,120 | 21,120 | ||
| Net movement in funds, included in the above are as follows: | ||||
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 21,250 | (130) | 21,120 | |
| TOTAL FUNDS | 21,250 | (130) | 21,120 |
Page 8
Malachim Foundation
Notes to the Financial Statements - continued for the Period 27 March 2024 to 31 March 2025
7. RELATED PARTY DISCLOSURES
There were no related party transactions for the period ended 31 March 2025.
Page 9
Malachim Foundation
Detailed Statement of Financial Activities for the Period 27 March 2024 to 31 March 2025
| INCOME AND ENDOWMENTS Donations and legacies Donations Received Total incoming resources EXPENDITURE Other Subscription Support costs Finance Bank charges Total resources expended Net income |
£ 21,250 |
|---|---|
| 21,250 106 24 |
|
| 130 | |
| 21,120 |
This page does not form part of the statutory financial statements
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