Charity No. 297678 (England and Wales)
THE M O G CHARITABLE TRUST
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2023
THE M O G CHARITABLE TRUST
CONTENTS
| Page | |
|---|---|
| Trust information | 1 |
| Legal and administrative details | 2 |
| Trustees' report | 3 |
| Statement of financial activities | 4 |
| Balance sheet | 5 |
| Notes to the financial statements | 6-8 |
THE M O G CHARITABLE TRUST
TRUST INFORMATION
| Trustees: | A P Goldstein |
|---|---|
| M O Goldstein | |
| N J Newman | |
| Trust office address: | 101 New Cavendish Street |
| 1st Floor South | |
| London | |
| W1W 6XH | |
| Accountant: | Harris & Trotter LLP |
| 101 New Cavendish Street | |
| London | |
| W1W 6XH | |
| Independent examiner | Charles Goldstein |
| c/o Brindley Goldstein | |
| 103 High Street | |
| Waltham Cross | |
| EN8 7AN | |
| Bankers: | Coutts & Co |
| 440 Strand | |
| London | |
| WC2R 0QS | |
| Charity Commission | |
| registered number: | 297678 |
1
THE M O G CHARITABLE TRUST
LEGAL AND ADMINISTRATIVE DETAILS AS AT 5 APRIL 2023
The M O G Charitable Trust was established under a trust deed dated 10 September 1987.
The trustees of The M O G Charitable Trust shall hold the trust funds and its income upon trust to apply them for all charitable purposes allowed by law within England and Wales.
2
THE M O G CHARITABLE TRUST
TRUSTEES' ANNUAL REPORT FOR THE YEAR ENDED 5 APRIL 2023
Introduction
The Trustees submit the statutory report and accounts of M O G Charitable Trust for the year ended 5 April 2023.
Charitable Objectives
The objective of the Charity is to provide relief to people throughout the world who are in positions of need, hardship and distress, in particular children who are sick or handicapped, and people affected by AIDS and the HIV virus.
Review of financial position
The Trustees consider that the financial position of the Trust as at 5 April 2023 is healthy.
Organisation
The organisation of all activities relating to M O G Charitable Trust is carried out by the Trustees.
3
THE M O G CHARITABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2023
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2023 2022
Unrestriced funds Unrestriced funds
Notes £ £ £ £
Incoming resources
Donations (including tax credits) 46,250 43,750
Investment income 2 2,502 2,426
48,752 46,176
Direct charitable expenditure
Donations 3 49,300 43,610
Bank charges - 1
Accountancy fees 900 900
50,200 44,511
Net (outgoing) / incoming resources (1,447) 1,665
Unrealised gain/(loss) on investment (1,880) (13,980)
(3,327) (12,315)
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4
THE M O G CHARITABLE TRUST
BALANCE SHEET AS AT 5 APRIL 2023
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2023 2022
Notes £ £
Fixed assets
Investments
Listed investments at market value 4 49,280 51,160
49,280 51,160
Current assets
Cash at bank and in hand 2,092 12,911
Other debtors 5 31,750 22,501
33,842 35,412
Current liabilities
Accruals 1,527 1,650
1,527 1,650
81,595 84,922
Capital and funds
As at 6 April 2022 84,922 97,237
Net (outgoing) / incoming resources (3,327) (12,315)
As at 5 April 2023 6 81,595 84,922
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The Accounts were approved by the Trustees on …………………………. and signed on their behalf by:
M O Goldstein Trustees
5
THE M O G CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023
1 Accounting policies
1.1 Basis of accounting
These accounts have been prepared under the historic cost convention and in accordance with applicable accounting standards and the Statement of Reporting Practice by Charities.
1.2 Income
Donations and gifts are credited to the statement of financial activities in the year which they are received (including any amount of tax credits).
- 1.3 Expenditure
All expenditure is accounted for gross, when incurred.
Direct charitable expenditure comprises direct expenses incurred in pursuit of the defined charitable purposes of the charity.
1.4 Investment income
This and any associated tax credits are included in the accounts when due.
1.5 Fund Accounting
The general fund comprises of those monies which may be used towards meeting the charitable objectives of the charity at the discretion of the Trustees.
| 2 Other interest receivable and similar income Dividends received Bank and other interest received |
2023 £ 2,479 23 2,502 |
2022 £ 2,409 17 2,426 |
|---|---|---|
6
THE M O G CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023
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3 Donations Paid 2023 2022
£ £
Brain Circle 2,500 -
-
Brindley Goldstein 1,500
Camp Simcha 100 -
Campaign Antisemitic 3,000 3,000
Children's Charit 1,250 -
CST - 5,000
Design 1,000 800
Gesher School - 100
Grief Encounter 1,000 250
Heart Cells 750 -
Holocaust Educational trust 2,500 500
Jewish Care 12,800 12,500
Jewish Child's Day 250 -
-
Kol Nidre Appeal 1,000
Langdon Foundation 100 100
Nightingales 500 500
Norwood 19,000 12,500
NY Israel - 150
Ort UK - 500
PAID - 1,667
St Johns Wood Synagogue - 400
Seed - 100
The B Charity Committee - 200
United Synagogue 2,750 2,618
World Jewish Relief 300 1,500
Wizo UK - 225
49,300 43,610
4 Listed Investments 2023 2022
£ £
Kingfisher Plc Ordinary 15 5/7p Shares 49,280 51,160
5 Debtors and prepayments 2023 2022
£ £
Tax reclaim 31,750 22,501
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7
THE M O G CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023
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6 Reconciliation of movements in funds
2023 2022
£ £
Opening fund balances 84,922 97,237
Net (outgoing) / incoming resources for the year (3,327) (12,315)
Closing fund balances 81,595 84,922
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7 Related party
Donations received including tax credits £46,250 (2022: £43,750) were received from a trustee.
8
Independent examiner's report on the accounts
Section A Independent Examiner’s Report
Report to the trustees/ Charity Name The MOG Charitable Trust members of
On accounts for the year 5 April 2023 Charity no 297678 ended (if any)
Set out on pages
1-2
(remember to include the page numbers of additional sheets)
Respective The charity's trustees are responsible for the preparation of the accounts. responsibilities of The charity’s trustees consider that an audit is not required for this year trustees and examiner under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.
It is my responsibility to:
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examine the accounts under section 145 of the Charities Act,
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to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and
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• to state whether matters have come to my attention.
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Basis of independent My examination was carried out in accordance with general Directions given examiner’s statement by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.
Independent In connection with my examination, no matter has come to my attention examiner's statement (other than that disclosed below *)
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which gives me reasonable cause to believe that in, any material respect, the requirements:
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to keep accounting records in accordance with section 130 of the Charities Act; and
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to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act
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have not been met; or
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to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
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Please delete the words in the brackets if they do not apply.
Date: 14/11/23
Signed: Name: CHARLES GOLDSTEIN
Relevant professional CHARTERED ACCOUNTANT
1
IER
March 2012
qualification(s) or body (if any):
Address: BRINDLEY GOLDSTEIN 103 HIGH STREET[WALTHAM CROSS ] EN8 7AN
Section B Disclosure
Only complete if the examiner needs to highlight material problems.
2
IER
March 2012
Give here brief details of any items that the examiner wishes to disclose .
3
IER
March 2012