Charity No. 297678 (England and Wales)
THE M O G CHARITABLE TRUST
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
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 2024
Introduction
The Trustees submit the statutory report and accounts of M O G Charitable Trust for the year ended 5 April 2024.
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 2024 is healthy. Duringh the year, the charity received donations including gift aid of £37,500 (2023: £6,250)
The charity paid £39,838 (2023: £449,299) in charitbale donations to other charitable instituions during the year At the balance sheet date, the total unrestricted charitbale funds amounted to £80,063 (2023: £81,595)
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 2024
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2024 2023
Unrestriced funds Unrestriced funds
Notes £ £ £ £
Incoming resources
Donations (including tax credits) 37,500 46,250
Investment income 2 2,686 2,502
40,186 48,752
Direct charitable expenditure
Donations 3 39,838 49,300
Accountancy fees 1,080 899
40,918 50,199
Net (outgoing) / incoming resources (732) (1,447)
Unrealised gain/(loss) on investment (800) (1,880)
(1,532) (3,327)
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4
THE M O G CHARITABLE TRUST
BALANCE SHEET AS AT 5 APRIL 2024
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2024 2023
Notes £ £
Fixed assets
Investments
Listed investments at market value 4 48,480 49,280
48,480 49,280
Current assets
Cash at bank and in hand 11,861 2,092
Other debtors 5 21,250 31,750
33,111 33,842
Current liabilities
Accruals 1,528 1,527
1,528 1,527
80,063 81,595
Capital and funds
As at 6 April 2023 81,595 84,922
Net (outgoing) / incoming resources (1,532) (3,327)
As at 5 April 2024 6 80,063 81,595
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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 2024
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 |
2024 £ 2,480 206 2,686 |
2023 £ 2,479 23 2,502 |
|---|---|---|
6
THE M O G CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024
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3 Donations Paid 2024 2023
£ £
Brain Circle - 2,500
-
Brindley Goldstein 1,500
British Friends of Rambam Medical Centre 500 -
Brondesbury Park Synagogue 250 -
Camp Simcha - 100
-
Campaign Antisemitic 3,000
Central British Fund for World Jewish Relief 1,000 -
Children's Charit - 1,250
CST 5,000 -
-
Design 1,000
Grief Encounter - 1,000
Heart Cells Foundation 150 750
Holocaust Educational trust 1,000 2,500
Jewish Associate Mental Illness 100 -
Jewish Care 12,500 12,800
Jewish Child's Day - 250
-
Kol Nidre Appeal 1,000
Langdon Foundation 100 100
-
Magen David Adom UK 1,000
My Israel 500 -
Nightingales - 500
Norwood 12,500 19,000
Ovarian Cancer Action 500 -
Paid 250 -
Thenit Cells 250 -
UK Friends of Awis 500 -
United Jewish Israel appeal 500 -
United Synagogue 1,838 2,750
World Jewish Relief - 300
XLP 200 -
Youth Aliyah Child Rescue 200 -
39,838 49,300
4 Listed Investments 2024 2023
£ £
Kingfisher Plc Ordinary 15 5/7p Shares 48,480 49,280
5 Debtors and prepayments 2024 2023
£ £
Tax reclaim 21,250 31,750
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7
THE M O G CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024
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6 Reconciliation of movements in funds
2024 2023
£ £
Opening fund balances 81,595 84,922
Net (outgoing) / incoming resources for the year (1,532) (3,327)
Closing fund balances 80,063 81,595
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7 Related party
Donations received including tax credits £37,500 (2023: £46,250) were received from a trustee.
8 Trustees' remuneration and expenses
During the year, no Trustees received any remuneration or other benefits (2023 - £NIL). During the year ended 5 April 2024, no Trustee expenses have been incurred (2023 - £NIL).
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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 2024 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.
Signed:
Date: 03/02/25
Name: CHARLES GOLDSTEIN
Relevant professional CHARTERED ACCOUNTANT
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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.
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Give here brief details of any items that the examiner wishes to disclose .
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IER