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COMPANY REGISTRATION NUMBER: 14127910
CHARITY REGISTRATION NUMBER: 1203714
Mosdos Toldos Aron Ltd
Company Limited by Guarantee
Unaudited Financial Statements
31 March 2024
Mosdos Toldos Aron Ltd
Company Limited by Guarantee
Financial Statements
Period from 1 June 2023 to 31 March 2024
Page
Directors' annual report (incorporating the director's report)
1
Independent examiner's report to the directors
3
Statement of financial activities (including income and expenditure account)
5
Statement of financial position
6
Statement of cash flows
7
Notes to the financial statements
8
Mosdos Toldos Aron Ltd
Company Limited by Guarantee
Directors' Annual Report (Incorporating the Director's Report)
Period from 1 June 2023 to 31 March 2024
The directors, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the period ended 31 March 2024 .
Reference and administrative details
Registered charity name
Mosdos Toldos Aron Ltd
Charity registration number
1203714
Company registration number
14127910
Principal office and registered
14 Carlton Mansions
office
Holmleigh Road
London
N165PX
The directors
Mr Just
Mr Liebenthal
Mr Goldstein
Independent examiner
Brindley Goldstein Limited
103 High Street
Waltham Cross
Herts
EN8 7AN
Structure, governance and management
The charity was constituted Deed of Trust dated 22 May 2022. The day-to-day affairs of the company are administered by the trustees. It is not the intention of the trustees to appoint any new trustees. Should the situation change in the future, the trustees will apply suitable recruitment induction and training procedures
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
Objectives and activities
The objective of the charity are the prevention or relief of poverty, advancement of the orthodox Jewish religion and relief and care for the disabled. The charity has given due regard to the Charity Commission's guidance on public benefit.
Achievements and performance
The trustees are satisfied with the results for the period. Incoming resources for the period amounted to £420,009 (2023: £19,625).
Financial review
The trustees retain reserves as necessary and where appropriate, consolidate funds in order to finance the operation of the Charity, and to make payments as appropriate.
Reserves policy
The trustees ensure that the charity has sufficient reserves to cover anticipated outgoings, In addition the trustees have received undertakings from local supporters to cover any deficit should such occasion arise. Reserves at the period end amounted to £25,952 (2023: £19,625).
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
The directors' annual report was approved on 14 August 2024 and signed on behalf of the board of trustees by:
Mr Just Director
Mosdos Toldos Aron Ltd
Company Limited by Guarantee
Independent Examiner's Report to the Directors of Mosdos Toldos Aron Ltd
Period from 1 June 2023 to 31 March 2024
I report to the directors on my examination of the financial statements of Mosdos Toldos Aron Ltd ('the charity') for the period ended 31 March 2024.
Responsibilities and basis of report
As the directors of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements 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 the 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
Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales (ICAEW), which is one of the listed bodies.
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:
1. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
2. the financial statements do not accord with those records; or
3. the financial statements 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
4. the financial statements 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.
Brindley Goldstein Limited Independent Examiner
103 High Street Waltham Cross Herts EN8 7AN
14 Aug 24
Mosdos Toldos Aron Ltd
Company Limited by Guarantee
Statement of Financial Activities
(including income and expenditure account)
Period from 1 June 2023 to 31 March 2024
Period from 1 Jun 23 to 31 Mar 24
Year to 31 May 23
Unrestricted funds
Total funds
Total funds
Note
£
£
£
Income and endowments
Donations and legacies
5
418,239
418,239
19,625
Charitable activities
6
1,770
1,770
---------
---------
--------
Total income
420,009
420,009
19,625
---------
---------
--------
Expenditure
Expenditure on charitable activities
7,8
413,682
413,682
---------
---------
--------
Total expenditure
413,682
413,682
---------
---------
--------
---------
---------
--------
Net income and net movement in funds
6,327
6,327
19,625
---------
---------
--------
Reconciliation of funds
Total funds brought forward
19,625
19,625
---------
---------
--------
Total funds carried forward
25,952
25,952
19,625
---------
---------
--------
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
Mosdos Toldos Aron Ltd
Company Limited by Guarantee
Statement of Financial Position
31 March 2024
31 Mar 24
31 May 23
Note
£
£
£
Current assets
Debtors
11
19,567
17,855
Cash at bank and in hand
6,385
1,770
--------
--------
25,952
19,625
--------
--------
Net current assets
25,952
19,625
--------
--------
Total assets less current liabilities
25,952
19,625
--------
--------
Funds of the charity
Unrestricted funds
25,952
19,625
--------
--------
Total charity funds
12
25,952
19,625
--------
--------
For the period ending 31 March 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
These financial statements were approved by the board of trustees and authorised for issue on 14 Aug 24 , and are signed on behalf of the board by:
Mr Just
Director
Mosdos Toldos Aron Ltd
Company Limited by Guarantee
Statement of Cash Flows
Period from 1 June 2023 to 31 March 2024
31 Mar 24
31 May 23
£
£
Cash flows from operating activities
Net income
6,327
19,625
Changes in:
Trade and other debtors
( 1,712)
( 17,855)
-------
--------
Cash generated from operations
4,615
1,770
-------
-------
Net cash from operating activities
4,615
1,770
-------
-------
Net increase in cash and cash equivalents
4,615
1,770
Cash and cash equivalents at beginning of period
1,770
-------
-------
Cash and cash equivalents at end of period
6,385
1,770
-------
-------
Mosdos Toldos Aron Ltd
Company Limited by Guarantee
Notes to the Financial Statements
Period from 1 June 2023 to 31 March 2024
1. General information
The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is 14 Carlton Mansions, Holmleigh Road, London, N165PX.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Companies Act 2006.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Disclosure exemptions
Disclosures in respect of financial instruments have not been presented.
Judgements and key sources of estimation uncertainty
There are no judgements and estimates
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the directors for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income: - income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. - legacy income is recognised when receipt is probable and entitlement is established. - income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. - income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates: - expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods. - expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. - other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Financial instruments
A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs. Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Debt instruments are subsequently measured at amortised cost. Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Limited by guarantee
The company is limited by guarantee and has no share capital. Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
5. Donations and legacies
Unrestricted Funds
Total Funds 2024
Unrestricted Funds
Total Funds 2023
£
£
£
£
Donations
Donations Received
418,239
418,239
19,625
19,625
---------
---------
--------
--------
6. Charitable activities
Unrestricted Funds
Total Funds 2024
Unrestricted Funds
Total Funds 2023
£
£
£
£
Sale of goods/services as part of direct charitable activities
1,770
1,770
-------
-------
----
----
7. Expenditure on charitable activities by fund type
Unrestricted Funds
Total Funds 2024
Unrestricted Funds
Total Funds 2023
£
£
£
£
Charitable activities
413,682
413,682
---------
---------
----
----
8. Expenditure on charitable activities by activity type
Activities undertaken directly
Total funds 2024
Total fund 2023
£
£
£
Charitable activities
413,682
413,682
---------
---------
----
9. Independent examination fees
Period from
1 Jun 23 to
Year to
31 Mar 24
31 May 23
£
£
Fees payable to the independent examiner for:
Independent examination of the financial statements
600
600
----
----
10. Trustee remuneration and expenses
No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.
No trustees expenses have been incurred.
11. Debtors
31 Mar 24
31 May 23
£
£
Trade debtors
17,855
Other debtors
19,567
--------
--------
19,567
17,855
--------
--------
12. Analysis of charitable funds
Unrestricted funds
At 1 June 2023
Income
Expenditure
At 31 March 2024
£
£
£
£
General funds
19,625
420,009
(413,682)
25,952
--------
---------
---------
--------
At 1 June 2022
Income
Expenditure
At 31 May 2023
£
£
£
£
General funds
19,625
19,625
----
--------
----
--------
13. Analysis of net assets between funds
Unrestricted Funds
Total Funds 2024
£
£
Current assets
25,952
25,952
--------
--------
Unrestricted Funds
Total Funds 2023
£
£
Current assets
39,250
39,250
--------
--------
14. Analysis of changes in net debt
At 1 Jun 2023
Cash flows
At 31 Mar 2024
£
£
£
Cash at bank and in hand
1,770
4,615
6,385
-------
-------
-------