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REGISTERED COMPANY NUMBER: 11357160 (England and Wales)
REGISTERED CHARITY NUMBER: 1181734














Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 May 2024

for

Matan Esther Limited

Matan Esther Limited

Contents of the Financial Statements
for the Year Ended 31 May 2024










Page

Report of the Trustees 1 to 2

Statement of Financial Activities 3

Balance Sheet 4 to 5

Notes to the Financial Statements 6 to 11

Matan Esther Limited (Registered number: 11357160)

Report of the Trustees
for the Year Ended 31 May 2024



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 year ended 31 May 2024. 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).

OBJECTIVES AND ACTIVITIES
Objectives and aims
The Charity was established to support the advancement of education, health,religion in accordance with orthodox jewish faith and relief of poverty or those in need and such other charitable purposes which the trustees may seem fit from time to time.

Public benefit
The trustees confirm their compliance with the duty to have due regard to the Public Benefit guidance published by the Charity Commission when reviewing the Charity's aims and objectives and in planning future activities.

Grantmaking
Grants are made to charitable institutions and organisations which accord with the objects of the Charity.

ACHIEVEMENT AND PERFORMANCE
Charitable activities
During the year, the charity made charitable donations of £96,710 (2023:£83,720). These donations were used by the beneficiaries for the relief of poverty and advancement of education , health,religion in accordance with orthodox jewish faith.

Internal and external factors
The trustees have made a full assessment of the internal and external factors that may affect these financial statements and do not deem any factors material enough to have an impact.

FINANCIAL REVIEW
Reserves policy
During the year, the charity's outgoing resources were exceeded by the incoming resources, still the trustees are satisfied with the results for the year.

Going concern
The accounts have been prepared on the going concern basis. The Trustees consider that there are no material uncertainties regarding the charity's ability to continue in operational existence for the foreseeable future, which is deemed to be 12 months from the date of approval of the financial statements.

FUTURE PLANS
The trustees plan to maximise the level of donations received whilst continuing to make distributions in accordance with their grant making policy and to ensure that an appropriate level of reserves is maintained.

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its government document, the Memorandum and Articles of Association, and constitute a limited company, limited by guarantee, as defined by the Companies Act 2006.


Matan Esther Limited (Registered number: 11357160)

Report of the Trustees
for the Year Ended 31 May 2024


STRUCTURE, GOVERNANCE AND MANAGEMENT
Recruitment and appointment of new trustees
The trustees have no beneficial interest in the company as it is a company limited by guarantee and are chosen by agreement of trustees at an annual meeting. The choice is based on applicants' business and community knowledge.

New trustees are subject to trustee induction training which includes as understanding of the content of the Memorandum and Articles of Association, their legal obligations under Charity Act and Company Law, the organisational structure of charity and the recent financial performance of the charity. Trustees are encouraged to attend appropriate external training events which enhance their knowledge and skill thereby improving the performance of their role.

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.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
11357160 (England and Wales)

Registered Charity number
1181734

Registered office
5 North End Road
London
United Kingdom
NW11 7RJ

Trustees
I Y Feiner
A A Feld
M Hoffman
Ms E Hoffman
Ms D Swartz

Company Secretary

Approved by order of the board of trustees on 22 August 2024 and signed on its behalf by:





Ms E Hoffman - Trustee

Matan Esther Limited

Statement of Financial Activities
for the Year Ended 31 May 2024

31.5.24 31.5.23
Unrestricted
fund Total funds
Notes £ £
INCOME AND ENDOWMENTS FROM
Donations and legacies 75,000 71,801

Investment income 2 50,752 15,448
Total 125,752 87,249

EXPENDITURE ON
Charitable activities
Donations Paid
96,710 83,720

Other 18,488 3,594
Total 115,198 87,314

NET INCOME/(EXPENDITURE) 10,554 (65 )
Other recognised gains/(losses)
Gains on revaluation of fixed assets - 1,700,000
Net movement in funds 10,554 1,699,935

RECONCILIATION OF FUNDS
Total funds brought forward 1,714,872 14,937

TOTAL FUNDS CARRIED FORWARD 1,725,426 1,714,872

Matan Esther Limited (Registered number: 11357160)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Unrestricted
fund Total funds
Notes £ £
FIXED ASSETS
Tangible assets 7 1,700,000 1,700,000

CURRENT ASSETS
Cash at bank 27,426 16,872

CREDITORS
Amounts falling due within one year 8 (2,000 ) (2,000 )

NET CURRENT ASSETS 25,426 14,872

TOTAL ASSETS LESS CURRENT LIABILITIES 1,725,426 1,714,872

NET ASSETS 1,725,426 1,714,872
FUNDS 9
Unrestricted funds 1,725,426 1,714,872
TOTAL FUNDS 1,725,426 1,714,872

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.


The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 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.


Matan Esther Limited (Registered number: 11357160)

Balance Sheet - continued
31 May 2024

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 22 August 2024 and were signed on its behalf by:





E Hoffman - Trustee

Matan Esther Limited

Notes to the Financial Statements
for the Year Ended 31 May 2024


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, as modified by the revaluation of certain assets.

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.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.



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.


Matan Esther Limited

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024


2. INVESTMENT INCOME
31.5.24 31.5.23
£ £
Rents received 50,752 15,448

3. GRANTS PAYABLE
31.5.24 31.5.23
£ £
Donations Paid

96,710 83,720
The total grants paid to institutions during the year was as follows:
31.5.24 31.5.23
£ £
Donations

96,710 83,720

Keren Habinyan ltd 15,000
PPC Trust 22,000
Toldos Aharon Trust 18,000
Kupath Gemach Chaim bechesed viznitz trust 22,850
Donation less than 10k total 18,860
96,710

4. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 May 2024 nor for the year ended 31 May 2023.


Trustees' expenses

There were no trustees' expenses paid for the year ended 31 May 2024 nor for the year ended 31 May 2023.



Matan Esther Limited

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024


5. STAFF COSTS

The average monthly number of employees during the year was as follows:

31.5.24 31.5.23

No employees received emoluments in excess of £60,000.

6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies 71,801

Investment income 15,448
Total 87,249

EXPENDITURE ON
Charitable activities
Donations Paid
83,720

Other 3,594
Total 87,314

NET INCOME/(EXPENDITURE) (65 )
Other recognised gains/(losses)
Gains on revaluation of fixed assets 1,700,000
Net movement in funds 1,699,935

RECONCILIATION OF FUNDS
Total funds brought forward 14,937

TOTAL FUNDS CARRIED FORWARD 1,714,872


Matan Esther Limited

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024


7. TANGIBLE FIXED ASSETS
Freehold
property
£
COST OR VALUATION
At 1 June 2023 and 31 May 2024 1,700,000
NET BOOK VALUE
At 31 May 2024 1,700,000
At 31 May 2023 1,700,000

Cost or valuation at 31 May 2024 is represented by:

Freehold
property
£
Valuation in 2023 1,700,000

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£ £
Loan- Majesta Estate 200 200
Accrued expenses 1,800 1,800
2,000 2,000

9. MOVEMENT IN FUNDS
Net
movement
At 1/6/23 in funds At 31/5/24
£ £ £
Unrestricted funds
General fund 1,714,872 10,554 1,725,426

TOTAL FUNDS 1,714,872 10,554 1,725,426

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 125,752 (115,198 ) 10,554

TOTAL FUNDS 125,752 (115,198 ) 10,554

Matan Esther Limited

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024


9. MOVEMENT IN FUNDS - continued


Comparatives for movement in funds

Net
movement
At 1/6/22 in funds At 31/5/23
£ £ £
Unrestricted funds
General fund 14,937 1,699,935 1,714,872

TOTAL FUNDS 14,937 1,699,935 1,714,872

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Gains and Movement
resources expended losses in funds
£ £ £ £
Unrestricted funds
General fund 87,249 (87,314 ) 1,700,000 1,699,935

TOTAL FUNDS 87,249 (87,314 ) 1,700,000 1,699,935

A current year 12 months and prior year 12 months combined position is as follows:

Net
movement
At 1/6/22 in funds At 31/5/24
£ £ £
Unrestricted funds
General fund 14,937 1,710,489 1,725,426

TOTAL FUNDS 14,937 1,710,489 1,725,426

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Gains and Movement
resources expended losses in funds
£ £ £ £
Unrestricted funds
General fund 213,001 (202,512 ) 1,700,000 1,710,489

TOTAL FUNDS 213,001 (202,512 ) 1,700,000 1,710,489

Matan Esther Limited

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024


10. RELATED PARTY DISCLOSURES

During the year the company received donations of £75,000 from Holdville Limited. The trustee of Holdville Ltd is also the trustee of Matan Esther Ltd