MAGEN CHARITABLE TRUST
Financial Statement
Forthe year ended 31 March 2024
SEFfoN YODAIKEN &CO
F4irways House
(knrge Street
M25 9WS

.Magen Charitable Trust•
Charity Infozmation
Barf(ers
Royal Bank of kndand
38 Moseley Street
Manchester
M60 2BE
Solicitor
,liefman Rose & Co
94 Bury Old Road
Manchester M8
Sefton Yodaiken & co
FaiTways House
George Street Prestwich
anchester
•4[
Page 2

•Magen Charifable Trust•
Annual Report
For the year ended 31 March 2024
The MagEtt Charitsble TTUSt is constituted by Deed of Trust and ig a regislEred dwity,
nUML￿ 326535. Its addtes8 18 at New RRverride House 439 Lower Broughton Road Sqlford
M7 2FX.
The charity Ilutirtg the year we￿.
. J Hatyern
Mr5 Rose Halpern
The object of the charity is to E)rovide assistan￿.
To reliete p￿ety;
è To support edtseational e5tablishn)Rnts:
p To support re]i8ious educali<RL
The iticoine ofj. the charity is teceiyed by way of Gift Aid, donations, interes( rent and
di￿dend
The Ttustees eXan￿ all srant appjications and they decide on the level of grant to be made
deperfding on the cau&e the lev.tl of reserv￿.
Risk Review
The trukn have aSS￿ed the map)r risks to whrch thÈ charity is exposed, in particular those
ielated to the opetations and frywre of the dwity, and aR satisfied that systen￿ are in place
to Initigatr those rlsks.
Grant Making Follty
The dtsrity
fimded by donatitms and also from inveslment incorne. The cliarity gives otht
policy. The trnstees confjrm their Compliati￿ with the duty kn have due regard ￿ the pub]ie
benefit guidaTh￿ Pu￿1Shed by the Charity Cornmi￿ when Teviewing the tharitys ainK8
atsd oEryectives and in plannllig its future acttvitie&

•Magen Charitable Trtsst"
Trnstees Report
. the year ended 31 MaTeh 2024
The charity received £7JX) m dt)nalions during the ￿ar. Grants glvefi durm8 the year
totalled £2(mYJ￿. The grants w.e￿ all in..accor&nce the clwities 01￿￿￿yes.
Financial Review
In the cwent year the charity was successful in meeting its aim&
The charity has a por6oIio of inveBttnent The rental.income detived is, to cteats
&n income streath for tTrte charity. The charitys investtnent PToÈWties are included in the
bala1￿ sheet. valuations are detived havitag consulted with local esiate apts and with
the trustees best estimate of market value at the balan￿ sheet date. The trustees have
extensive eXI￿le￿￿ in the field of pro1￿ investment and Valuat1￿ which hag
Investment Powers artd Èoliey
In accoTdance with the trust deed, the cknity has power to ts￿ke any nttrestments which thè
trustees see fiL The trustees reguh'r'ly teyiew the diarity's position and need5 in respect of
the 1rtvasln￿nt policy.
It is the policy of the cTwity to iThaintain funds, which are fr￿ re&etyes of the
diatity at a kvel w.hich the trustees think appropriate after COAsidering the future
conunithents (rf the tharity and likely costs of the clwity fpr the next year.
Trustee
13 DecEmbeF 20 .

•Map Char4table Tntst•
Independent Examinerfs Report to the Trnstees
For the year ended 31 March 2024
We report on the accounts of the Trnst for the year ended 31 March 2024 which are set o
on pages 6 to 7.
Res
ive tèSPon￿bl[l1les of tnths and examiner
As the dwitys trustpes you are rwible f(pr the pryation of the accounts. You consideT
that the audit requirement of 8￿tIOn 144 of the Clwities Act ￿11 (the Act) does not apply. It
is my responsiw to state. on the basis of PrO￿dureS specified in the General Dtréctions
"ver( by Charity Commi&sioners Imder ￿tIOn 145{5)(b) of the ACL whether pthlcular
i i
matters,have come knm¥AttentiotL
exanwiatiott was. carried out in accordan￿ with the General Directions given by the
the charity and a comparisl on" of the accounts presented with those records. It also iDdu4eB
consideration of any tWU8ual items or,disdosures in the accoun15, and seeking explanations
from you as trustees concern8 any such matters. The pr(￿edureS undertaken do, not
provide all the evidence that would be requxred in an audit and cortsequently do not e4)r£ss
an audit opinion on the view given by the account&
(l) Which sives me T￿￿Onable Ca￿ tD believe that in any material respect the tequbemeDts
to keep accounlitis records in accordan￿ with section 130 of the Actr, and
to prepare accounts which accord with the aecounling records and to Ci)mply with
the accountkng tequitenTrent of the Art.
have not Iten met, or
(2) to whicfv in my Opinio￿ &tteThlxon should be dr&wn in order to enable a prnper
understanding of the accounts to ￿ reache(L
MTr. S. Yodai
13 Decaiiber'2(Y24
SEFfoN YODAIKEN & CO
Fairways House
Manchester
M25 9WS
Page 5

.Magen ￿table TnJst*
Statement of Financial Activltles
For the year ended 31 March 2024
Notss
Incr>7Me resources
Voluntary li￿ne
6,Otx)
175,642
160,735
Surplus on sale of proFty
IZ615
180F50
289J98
335,110
4,6
19,850
8,on
43,4n
251,￿2
359ffl8
Net defiatfot the year
Surplus B/F
{￿￿2}
IhS7,939
(70,240)
1,758,179
SuTpIu5 C/F
I.616￿887
1,687,939
Pag¢ 6

•Magen Charitable Trust.
Balance Sheet as at 31 March 2024
1,194
1,19A,
Debtors
Cash at bat
265.ln
1741K
248x47
37,179
047&3)
4963
(3,396>
¢ditots: duejyithin the year
4¥3A48
I￿16
1.6S7,939
Fund8
Ih16,8VI
1,687,939
Approved ty the Ti¥uBtees on 13 December. 2024 and Si￿￿1 oftthei&lElialfr.
P￿7

•Magen Charitable Tntst.
Noles to the Financial Statements
FOT the year ended 31 March 21124
l. Ac¢ounting Policies
applicable accounting standards and the charities ststeM￿ of recoM￿ed practise on aLTo￿lI1ng
by ￿ (CharlfiesSORP FRS102) and the Cywities Act xni).
Z Voluntary inco]iie
2024
2023
Donations
7￿(￿)
Investment ikne
20
174872
160.735
175
5. Govenwice costs
2024
2023
legal and accoubi¥ancy
7096
175
4A41
137
8J)n
678
20
gern.￿ chaTg8 (net)
10fj91
10,7
3J3
1,756
IJ04
CIeaming
357
Heat and ]igh"t
280
19,850
Page 8

*Magen ch￿Itable Trust•
Notes to the Financial Statemenb {conYd )
For thE year endEd 31 March 2024
2024
B/F
1,194491
Disposal
C/F
1,1%491
Tr&8tees rev.alued the assets as at 31 March 21xr2.
Makeup of thet Ix)ok yaluÈ
C08t
Revaluation
556,526
637,%5
I,IW91
20
I￿1268
182334
65,9(13
248237
2023
Trade credltors
Bank overdraft
221
1,175
2,000-
5.13B
9."075-
14,7&3
Pag¢ 9