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REGISTERED COMPANY NUMBER: 04030964 (England and Wales)
REGISTERED CHARITY NUMBER: 1084906



















EZER MIKOIDESH FOUNDATION
(A COMPANY LIMITED BY GUARANTEE)

REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

EZER MIKOIDESH FOUNDATION






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024




Page

Reference and Administrative Details 1

Report of the Trustees 2 to 3

Independent Examiner's Report 4

Statement of Financial Activities 5

Balance Sheet 6 to 7

Cash Flow Statement 8

Notes to the Cash Flow Statement 9

Notes to the Financial Statements 10 to 14

EZER MIKOIDESH FOUNDATION

REFERENCE AND ADMINISTRATIVE DETAILS
FOR THE YEAR ENDED 31 JULY 2024



TRUSTEES S Gluck
J Gluck
R Bokor


REGISTERED OFFICE 15-17 Belfast Road
London
N16 6UN


REGISTERED COMPANY
NUMBER
04030964 (England and Wales)


REGISTERED CHARITY NUMBER 1084906


INDEPENDENT EXAMINER Sugarwhite Meyer Accountants Ltd
First Floor
94 Stamford Hill
London
N16 6XS


BANKERS Barclays Bank plc
Kingsland Branch
POB 3628
London
E8 2JT

EZER MIKOIDESH FOUNDATION (REGISTERED NUMBER: 04030964)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 JULY 2024


The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 July 2021.

Reference and administrative information
Reference and administrative information is shown on page 1 of the financial statements and forms part of this report.

OBJECTIVES AND ACTIVITIES
Objectives and aims for public benefit
The objects of the charity are:

- the advancement of the Orthodox Jewish Faith including the maintaining of a synagogue;
- the provision of recreational and leisure-time facilities for young persons attending the synagogue;
- the advancement of education of adults and children, including educational assistance for those with disabilities;
-the relief of poverty.

The charity carries out its objects by grantmaking to various organisations and individuals.

The trustees confirm that they have given due regard to the Charity Commission's guidance on public benefit.

Grantmaking policy
The trustees are prepared to accept any application which will be carefully considered and help given according to circumstances and funds then available. In making grants the trustees use their personal knowledge of the organisation, its representatives, operational efficiency and reputation. Applications by individuals must be accompanied by a letter of recommendation by the applicant's minister or other known religious leader.

ACHIEVEMENT AND PERFORMANCE
Charitable activities
During the year the charity continued its philanthropic activities and has maintained its support of organisations engaged in education, advancement of religion, and the relief of poverty, as well as supporting poor and sick individuals. Income decreased slightly by 2% with a similar reduction in grantmaking.The charity posted a small deficit from the year.

FINANCIAL REVIEW
Reserves policy
The trustees do not seek to maintain reserves, other than to ensure that they can continue the activities of the charity. Reserves at the year end stood at a deficit of £6,919 (2023 - £2,908 surplus).

FUTURE PLANS
The trustees anticipate that the charity will continue on a similar basis in the foreseeable future subject to satisfactory income and there are no plans for any major changes.

STRUCTURE, GOVERNANCE AND MANAGEMENT
Constitution
The charity is constituted as company limited by guarantee and is governed by its Memorandum and Articles of Association dated 11 July 2000.

Recruitment and appointment of new trustees
The day to day running of charity is administered by the trustees. It is not the intention of the trustees of the charity to appoint any new trustees. Should the situation change in the future, the trustees will apply suitable recruitment induction and training procedures.


EZER MIKOIDESH FOUNDATION (REGISTERED NUMBER: 04030964)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 JULY 2024


STRUCTURE, GOVERNANCE AND MANAGEMENT
Risk review
The trustee has reviewed the major risks to which the charity is exposed and confirms that systems are in place to mitigate them.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on 27 May 2025 and signed on its behalf by:





S Gluck - Trustee

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
EZER MIKOIDESH FOUNDATION

Independent examiner's report to the trustees of Ezer Mikoidesh Foundation ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 July 2024.

Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts 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 your 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 your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, 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 Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts 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 accounts 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.








E Meyer FCA BSc

Sugarwhite Meyer Accountants Ltd
First Floor
94 Stamford Hill
London
N16 6XS

27 May 2025

EZER MIKOIDESH FOUNDATION

STATEMENT OF FINANCIAL ACTIVITIES
(INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 JULY 2024

2024 2023
Unrestricted Total
fund funds
Notes £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 658,480 671,758

Investment income 2 - 953
Total 658,480 672,711

EXPENDITURE ON
Raising funds 3 654 520

Charitable activities 4
Grantmaking 664,440 675,698
Support 3,213 3,534
Total 668,307 679,752

NET INCOME/(EXPENDITURE) (9,827 ) (7,041 )


RECONCILIATION OF FUNDS
Total funds brought forward 2,908 9,949

TOTAL FUNDS CARRIED FORWARD (6,919 ) 2,908

EZER MIKOIDESH FOUNDATION (REGISTERED NUMBER: 04030964)

BALANCE SHEET
31 JULY 2024

2024 2023
Total Total
funds funds
Notes £    £   
FIXED ASSETS
Tangible assets 10 555 694

CURRENT ASSETS
Debtors 11 12,000 32,115
Cash at bank 4,258 5,041
16,258 37,156

CREDITORS
Amounts falling due within one year 12 (3,232 ) (9,942 )

NET CURRENT ASSETS 13,026 27,214

TOTAL ASSETS LESS CURRENT
LIABILITIES

13,581

27,908

CREDITORS
Amounts falling due after more than one year 13 (20,500 ) (25,000 )

NET ASSETS/(LIABILITIES) (6,919 ) 2,908
FUNDS
Unrestricted funds:
General fund (6,919 ) 2,908
TOTAL FUNDS (6,919 ) 2,908

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


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


EZER MIKOIDESH FOUNDATION (REGISTERED NUMBER: 04030964)

BALANCE SHEET - continued
31 JULY 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 27 May 2025 and were signed on its behalf by:





S Gluck - Trustee

EZER MIKOIDESH FOUNDATION

CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 JULY 2024

2024 2023
Notes £    £   

Cash flows from operating activities
Cash generated from operations 1 (783 ) (532 )
Net cash used in operating activities (783 ) (532 )

Cash flows from investing activities
Interest received - 953
Net cash provided by investing activities - 953

Change in cash and cash equivalents
in the reporting period

(783

)

421
Cash and cash equivalents at the
beginning of the reporting period

5,041

4,620
Cash and cash equivalents at the end
of the reporting period

4,258

5,041

EZER MIKOIDESH FOUNDATION

NOTES TO THE CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 JULY 2024

1. RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES
2024 2023
£    £   
Net expenditure for the reporting period (as per the Statement of
Financial Activities)

(9,827

)

(7,041

)
Adjustments for:
Depreciation charges 139 174
Interest received - (953 )
Decrease in debtors 20,115 6,380
(Decrease)/increase in creditors (11,210 ) 908
Net cash used in operations (783 ) (532 )


2. ANALYSIS OF CHANGES IN NET FUNDS

At 1.8.23 Cash flow At 31.7.24
£    £    £   
Net cash
Cash at bank 5,041 (783 ) 4,258
5,041 (783 ) 4,258
Total 5,041 (783 ) 4,258

EZER MIKOIDESH FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 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.

Income
All income is included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:

Income received by way of donations is accounted for when received.

Income from investments is included in the year in which it is receivable.

Expenditure
Liabilities are recognised in the year in which they are incurred and includes irrecoverable VAT which is reported as part of the expenditure to which it relates.

Grants are only accounted for when paid.

Support costs are those incurred to assist the work of the charity but are not direct charitable activities.

Governance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.

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


Plant and machinery - 20% on reducing balance

Taxation
The charity is exempt from corporation tax on its charitable activities.

Going concern
There are no material uncertainties about the charity's ability to continue.

Financial instruments
The charity only has financial assets and liabilities of a kind that qualify as basic financial instruments.

Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.


EZER MIKOIDESH FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

2. INVESTMENT INCOME
2024 2023
Unrestricted Total
funds funds
£    £   
Deposit account interest - 80
Loan interest - 873
- 953

3. RAISING FUNDS

Raising donations and legacies
2024 2023
Unrestricted Total
funds funds
£    £   
Sundries 654 520

4. CHARITABLE ACTIVITIES COSTS
Grant
funding of
activities Support
(see note costs (see
5) note 6) Totals
£    £    £   
Grantmaking 664,440 - 664,440
Support - 3,213 3,213
664,440 3,213 667,653

5. GRANTS PAYABLE
2024 2023
£    £   
Grantmaking 664,440 675,698
The total grants paid to institutions during the year was as follows:
2024 2023
£    £   
Advancement of religion 130,074 59,699
Advancement of education 17,913 84,390
Relief of poverty 54,083 43,807
Medical 5,000 -
Social welfare 3,625 50
210,695 187,946

EZER MIKOIDESH FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

5. GRANTS PAYABLE - continued


Heritage Foundation for Preservation of Jewish Cemeteries 37,600
China Vechisda 26,000
Merkaz Mosdot Torah VChesed - Shomrei Emunim 18,000
Torat Chesed 14,000
Others under £12,000 115,095
210,695

The total grants paid to individuals during the year was as follows:
2024 2023
£    £   
Advancement of religion 2,000 -
Relief of poverty 434,660 453,950
Medical 17,085 33,802
453,745 487,752

6. SUPPORT COSTS
Governance
Other costs Totals
£    £    £   
Support 139 3,074 3,213

Support costs, included in the above, are as follows:

Other
2024 2023
Total
Support activities
£    £   
Depreciation of tangible fixed assets 139 174
Governance costs
2024 2023
Total
Support activities
£    £   
Independent examiner's fee 660 660
Independent examiner's other fees 1,860 1,740
General expenses 554 960
3,074 3,360


EZER MIKOIDESH FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

7. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2024 2023
£    £   
Depreciation - owned assets 139 174

8. TRUSTEES' REMUNERATION AND BENEFITS

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


Trustees' expenses

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


9. AVERAGE STAFF NUMBERS

The average number of staff in the year was NIL (2023 - NIL)

10. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 August 2023 and 31 July 2024 5,184
DEPRECIATION
At 1 August 2023 4,490
Charge for year 139
At 31 July 2024 4,629
NET BOOK VALUE
At 31 July 2024 555
At 31 July 2023 694


EZER MIKOIDESH FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 12,000 32,115

12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors - 6,000
Accrued expenses 3,232 3,942
3,232 9,942

13. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors 20,500 25,000

14. RELATED PARTY DISCLOSURES

At the balance sheet date loans totalling £26,000 which were due to companies in which a trustee is a shareholder, were waived.

The charity was in receipt of unrestricted donations totalling £26,622 (2023 - £7,563) from a trustee and from Mountgrove Sub Ltd and Riverside Estates Ltd, companies with Directors in common with this charity.