The Meri Trust Charity Accounts

COMPANY REGISTRATION NUMBER: 8738056

CHARITY REGISTRATION NUMBER: 1164928

The Meri Trust

Company Limited by Guarantee

Unaudited Financial Statements

31 October 2025

The Meri Trust

Company Limited by Guarantee

Financial Statements

Year ended 31 October 2025

	Page

Trustees' annual report (incorporating the director's report)	1

Independent examiner's report to the trustees	5

Statement of financial activities (including income and expenditure account)	6

Statement of financial position	7

Notes to the financial statements	8

The Meri Trust

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report)

Year ended 31 October 2025

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 October 2025 .

Reference and administrative details

Registered charity name	The Meri Trust

Charity registration number	1164928

Company registration number	8738056

Principal office and registered	7 Brantwood Road
office	Salford
	M7 4EN

The trustees

	J Adler
	M J Miller
	Mrs S Rubinfeld

Independent examiner	Mr Howard Schwalbe ACA
	2nd Floor - Parkgates
	Bury New Road
	Prestwich
	Manchester
	M25 0TL

Structure, governance and management

The Meri Trust is constituted by Memorandum and Articles of Association and is a company limited by guarantee. It was incorporated on 18 October 2013 as a company and the company number is 8738056 . It was registered as a charity on 18 December 2015 with a charity number being 1164928 .

Recruitment and appointment of new trustees would be in line with the Memorandum and Articles of Association and with the consent of the trustees. The criteria set for the suitable candidate would be someone who is sensitive to the needs and demands of the organisation.

There is no chief executive officer. The day to day affairs are undertaken by Mr S Goldberg on behalf of the trustees. All major decisions are taken collectively by the trustees and all the trustees give of their time freely. The trustees are unpaid and details of any related party transactions are disclosed as applicable in the notes to the accounts. The arrangements for setting the pay of the charity’s employees are the sole domain of the trustees.

There are no policies for the induction or training of new trustees.

Risk review

The Trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the Trust, and are satisfied that systems are in place to manage our exposure to the major risks.

The risks faced by the trust are principally operational risks from ineffective grant making. These risks are managed by the trustees researching potential beneficiaries before granting donations.

Report back and review procedures strengthen these safeguards to ensure public benefit is achieved from all grants.

Objectives and activities

The objects of the charity are:

1. The relief of poverty and financial hardship of people living in the UK and Israel by making grants of money for providing or paying for items, services or facilities.

2. The relief of sickness and preservation of health of people living in the UK or Israel.

3. Such charitable purposes for the public benefit as are exclusively charitable according to the laws of England and Wales as the trustees may from time to time determine.

Public benefit

The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning future activities and setting grant making policy for the year.

Grant making policy

The charity is funded by donations. The charity gives out grants in line with the above objects.

Grants made during the year to institutions are as detailed in the accounts.

The application of the funds by way of grants to either institutions or individuals and is almost always to institutions.

The trustees consider they have met the public benefit test and outline these achievements below.

The trustees measure the success of achieving the stated aims by the number and value of grants paid out for each object. The grants paid out in the year are detailed in the notes to the accounts and the trustees consider they have met their aims successfully this year.

The trustees consider the shorter term aims to be similar to the longer term aims and assess the achievement of the charity in the same way.

Strategic report

The following sections for achievements and performance and financial review form the strategic report of the charity.

Achievements and performance

The charity received £79,250 (2024: £133,625) in donations during the year and £79,648 (2024: £209,032) was paid out by way of grants and support costs. These grants were made in line with the stated objects of the charity and were for educational or relief of poverty purposes.

The charity has low governance costs comprising professional fees.

All other office costs are borne by a local benefactor and the trustees wish to record their appreciation to the benefactor for the free use of their offices.

Grants over £5,000 made during the year to institutions are as detailed in the accounts.

There were no material fundraising costs during the year.

Related party transactions in the reporting period are as detailed in the notes to the accounts.

There was a net expenditure and net movement in funds for the year amounting to £398 (2024: £75,407).

Financial review

Investment performance and post balance sheet event

The trustees purchased a property investment in 2018 which they hope will bring in a return higher than the usual returns on investments as it is a development project. The trustees consider this to be acceptable when compared with poor returns available on deposits in any of the banking institutions.

The Trustees report that part of the investment was sold in the year. The remaining investment is further being developed and it is hoped that it will be completed in the coming years. The trustees estimate that there will be an overall net profit once the sale of the remaining investment is carried out.

Reserves policy

The unrestricted fund represents the unrestricted funds arising from past operating results. The trustees wish to keep reserves suitably low whilst not compromising cash flow for the investments or any other commitments made by the charity.

The trustees are satisfied that the balance of the fund is an acceptable level of reserves given the nature of revenue receipts against grants payable.

In considering the limited financial obligations of the charity, the trustees have resolved to maintain a minimum reserve roughly equal to the net current assets of the charity.

The trustees have considered the fair value of the investment property and consider the holding value to be the fair value.

The trustees are delighted to have made many valuable contributions to the community as a result of this income and hope to be able to do so for many years to come.

The free reserves, being the net current liabilities of the charity, stand at £778 (2024: £380), all of which are unrestricted.

The unrestricted fund is in deficit and the trustees consider this to be acceptable as they are confident that the shortfall will be made up through fundraising in future periods. The trustees have obtained assurances from a local philanthropist to ensure the charity could continue its activities.

The trustees' annual report and the strategic report were approved on 11 May 2026 and signed on behalf of the board of trustees by:

J Adler

Trustee

The Meri Trust

Company Limited by Guarantee

Independent Examiner's Report to the Trustees of The Meri Trust

Year ended 31 October 2025

I report to the trustees on my examination of the financial statements of The Meri Trust ('the charity') for the year ended 31 October 2025.

Responsibilities and basis of report

As the trustees 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

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.

Mr Howard Schwalbe ACA Independent Examiner

2nd Floor - Parkgates Bury New Road Prestwich Manchester M25 0TL

11 May 2026

The Meri Trust

Company Limited by Guarantee

Statement of Financial Activities

(including income and expenditure account)

Year ended 31 October 2025

	2025		2024
	Unrestricted funds	Total funds	Total funds
Note	£	£	£

Income and endowments

Donations and legacies	5	79,250	79,250	133,625
		--------	--------	---------
Total income		79,250	79,250	133,625
		--------	--------	---------

Expenditure

Expenditure on charitable activities	6,7	79,648	79,648	209,032
		--------	--------	---------
Total expenditure		79,648	79,648	209,032
		--------	--------	---------

	--------	--------	---------
Net expenditure and net movement in funds	( 398)	( 398)	( 75,407)
	--------	--------	---------

Reconciliation of funds

Total funds brought forward	24,589	24,589	99,996
	--------	--------	---------
Total funds carried forward	24,191	24,191	24,589
	--------	--------	---------

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The Meri Trust

Company Limited by Guarantee

Statement of Financial Position

31 October 2025

	2025	2024
Note	£	£

Fixed assets

Investments	13	24,969	24,969

Current assets

Cash at bank and in hand	122	700

Creditors: amounts falling due within one year	14	900	1,080
		----	-------
Net current liabilities		778	380
		--------	--------
Total assets less current liabilities		24,191	24,589
		--------	--------
Net assets		24,191	24,589
		--------	--------

Funds of the charity

Unrestricted funds		24,191	24,589
		--------	--------
Total charity funds	15	24,191	24,589
		--------	--------

For the year ending 31 October 2025 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 year 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 11 May 2026 , and are signed on behalf of the board by:

J Adler

Trustee

The Meri Trust

Company Limited by Guarantee

Notes to the Financial Statements

Year ended 31 October 2025

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 7 Brantwood Road, Salford, M7 4EN.

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.

Fair value

Debtors and creditors are stated at fair value.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements did not require management to make judgements, estimates or assumptions that affect the amounts reported.

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 trustees 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.

Investments

Unlisted equity investments are initially recorded at cost, and subsequently measured at fair value. If fair value cannot be reliably measured, assets are measured at cost less impairment.

Listed investments are measured at fair value with changes in fair value being recognised in income or expenditure.

Investment property

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in income or expenditure. If a reliable measure of fair value is no longer available for an item of investment property, it shall be transferred to tangible assets and treated as such until it is expected that fair value will be reliably measurable on an on-going basis.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.

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 Meri Trust is a registered charity and a company limited by guarantee and does not have a share capital. In the event of the charity being wound up, members are required to contribute an amount not exceeding £10.

5. Donations and legacies

Unrestricted Funds	Total Funds 2025	Unrestricted Funds	Total Funds 2024
£	£	£	£

Donations

Donations	79,250	79,250	133,625	133,625
	--------	--------	---------	---------

6. Expenditure on charitable activities by fund type

	Unrestricted Funds	Total Funds 2025	Unrestricted Funds	Total Funds 2024
	£	£	£	£
Charitable grants	78,700	78,700	207,941	207,941
Support costs	948	948	1,091	1,091
	--------	--------	---------	---------
	79,648	79,648	209,032	209,032
	--------	--------	---------	---------

7. Expenditure on charitable activities by activity type

	Grant funding of activities	Support costs	Total funds 2025	Total fund 2024
	£	£	£	£
Charitable grants	78,700	48	78,748	207,952
Governance costs	–	900	900	1,080
	--------	----	--------	---------
	78,700	948	79,648	209,032
	--------	----	--------	---------

8. Analysis of support costs

	Analysis of support costs activity 1	Total 2025	Total 2024
	£	£	£
General office	48	48	11
Governance costs	900	900	1,080
	----	----	-------
	948	948	1,091
	----	----	-------

9. Analysis of grants

	2025	2024
	£	£

Grants to institutions

Bederech Kovod	–	12,000
Beis Ruchel	7,000	9,000
Choimel Dalim	5,250	10,150
FOW	–	110,000
Grants Under £5,000	6,700	23,400
Live and Learn	50,000	–
Rachmastrivka	–	17,500
Torath Chesed	9,750	10,200
KolYom	–	6,500
Toldos Ahron	–	8,050
	--------	---------
	78,700	206,800
	--------	---------
Total grants	78,700	206,800
	--------	---------

10. Independent examination fees

	2025	2024
	£	£

Fees payable to the independent examiner for:

Independent examination of the financial statements	900	1,080
	----	-------

11. Staff costs

The average head count of employees during the year was Nil (2024: Nil).

No employee received employee benefits of more than £60,000 during the year (2024: Nil).

12. Trustee remuneration and expenses

No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.

13. Investments

	Investment properties
	£
Cost or valuation
At 1 November 2024 and 31 October 2025	24,969
	--------
Impairment
At 1 November 2024 and 31 October 2025
Carrying amount
At 31 October 2025	24,969
	--------
At 31 October 2024	24,969
	--------

All investments shown above are held at valuation.

Investment properties

The investments in UK investment property represent capital introduced by the charity into a property investment syndicate.

Valuation of the syndicate property is at fair value of the syndicate property in the opinion of the trustees. The charity owns one syndicate interest with a percentage holding of 25%.

The trustees consider that they do not exert any significant influence or control over this syndicate.

14. Creditors: amounts falling due within one year

	2025	2024
	£	£
Accruals and deferred income	900	1,080
	----	-------

15. Analysis of charitable funds

Unrestricted funds

	At 1 November 2024	Income	Expenditure	At 31 October 2025
	£	£	£	£
General funds	24,589	79,250	(79,648)	24,191
	--------	--------	--------	--------

	At 1 November 2023	Income	Expenditure	At 31 October 2024
	£	£	£	£
General funds	99,996	133,625	(209,032)	24,589
	--------	---------	---------	--------

16. Analysis of net assets between funds

	Unrestricted Funds	Total Funds 2025
	£	£
Investments	24,969	24,969
Current assets	122	122
Creditors less than 1 year	(900)	(900)
	--------	--------
Net assets	24,191	24,191
	--------	--------

	Unrestricted Funds	Total Funds 2024
	£	£
Investments	24,969	24,969
Current assets	700	700
Creditors less than 1 year	(1,080)	(1,080)
	--------	--------
Net assets	24,589	24,589
	--------	--------

17. Related parties

Mr J Adler , trustee of The Meri Trust , is also a shareholder and director of MBH Investments Ltd, a UK company. During the year MBH Investments Ltd donated £34,250 and Mr J Adler donated £36,000 to The Meri Trust .

18. Taxation

The Meri Trust is a registered charity and therefore is not liable to income tax on income derived from its charitable activities, as it falls within the various exemptions available to registered charities.