Israel Magen Trust UK Charity Accounts

COMPANY REGISTRATION NUMBER: 14042174

CHARITY REGISTRATION NUMBER: 1202788

Israel Magen Trust UK

Company Limited by Guarantee

Unaudited Financial Statements

30 April 2026

Israel Magen Trust UK

Company Limited by Guarantee

Financial Statements

Year ended 30 April 2026

	Page

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

Statement of financial activities (including income and expenditure account)	4

Statement of financial position	5

Notes to the financial statements	6

Israel Magen Trust UK

Company Limited by Guarantee

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

Year ended 30 April 2026

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 30 April 2026 .

Reference and administrative details

Registered charity name	Israel Magen Trust UK

Charity registration number	1202788

Company registration number	14042174

Principal office and registered	2nd Floor Parkgates
office	Bury New Road
	Prestwich
	Manchester
	M25 0TL

The trustees

	J M Silberstein
	M Moore
	S Leitner

Accountants	Haffner Hoff Ltd
	Accountants
	2nd Floor - Parkgates
	Bury New Road
	Prestwich
	Manchester
	M25 0TL

Structure, governance and management

Israel Magen Trust is incorporated under Memorandum and Articles dated 12 April 2022. It was registered at Companies House on 12 April 2022 with Company registration number 14042174 . It is a registered charity with a charity number 1202788 and was registered on 20 April 2023.

Recruitment and appointment of new trustees would be in line with the Memorandum and Articles 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 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 is the sole domain of the trustees.

A policy and procedure for the induction and training of new trustees has been developed in line with requirements of 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 direct charitable activity.

These risks are managed by the trustees researching potential beneficiaries before paying out funds for direct charitable activity.

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

Objectives and activities

The charity's objects (Objects) are specifically restricted to the following:

(1) To relieve sickness and to preserve and protect good health for the public benefit, through the provision of vital equipment and funds; in particular but not exclusively to support Israel's emergency response services with much needed medical supplies and life-saving equipment.

(2) The relief and assistance of people in any part of the world who are the victims of war, natural disaster, trouble, or catastrophe; in particular by the supply of humanitarian aid, medical supplies and training courses for first responders and international rescue units.

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 £588 (2025: £9,644) in donations and paid out £628 (2025: £11,213) on charitable grants and other direct costs and support costs.

The trustees consider that the above expenditure is in line with the objects of the charity.

The charity has governance costs that comprise professional fees and sundry office costs.

No related party transactions were made during this period.

There was an overall net expenditure and net movement in funds for the year amounting to £40 (2025: £1,569) of which all of it relates to the unrestricted fund.

Financial review

Reserves policy

The unrestricted fund represents the unrestricted funds arising from past operating results. The trustees wish to keep reserves as low as possible in order to maximise its charitable grants.

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 practical for donations which are seasonal.

The free reserves, represented by the net current assets of the charity stand at £2,676 (2025: £2,716) all of which are unrestricted.

The trustees' annual report and the strategic report were approved on 17 September 2026 and signed on behalf of the board of trustees by:

J M Silberstein

Trustee

Israel Magen Trust UK

Company Limited by Guarantee

Statement of Financial Activities

(including income and expenditure account)

Year ended 30 April 2026

	2026		2025
	Unrestricted funds	Total funds	Total funds
Note	£	£	£

Income and endowments

Donations and legacies	5	588	588	9,644
		----	----	-------
Total income		588	588	9,644
		----	----	-------

Expenditure

Expenditure on charitable activities	6,7	628	628	11,213
		----	----	--------
Total expenditure		628	628	11,213
		----	----	--------

	----	----	--------
Net expenditure and net movement in funds	( 40)	( 40)	( 1,569)
	----	----	--------

Reconciliation of funds

Total funds brought forward	2,716	2,716	4,285
	-------	-------	--------
Total funds carried forward	2,676	2,676	2,716
	-------	-------	--------

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

All income and expenditure derive from continuing activities.

Israel Magen Trust UK

Company Limited by Guarantee

Statement of Financial Position

30 April 2026

	2026	2025
Note	£	£

Current assets

Cash at bank and in hand	3,036	3,316

Creditors: amounts falling due within one year	12	360	600
		-------	-------
Net current assets		2,676	2,716
		-------	-------
Total assets less current liabilities		2,676	2,716
		-------	-------
Net assets		2,676	2,716
		-------	-------

Funds of the charity

Unrestricted funds		2,676	2,716
		-------	-------
Total charity funds	13	2,676	2,716
		-------	-------

For the year ending 30 April 2026 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 17 September 2026 , and are signed on behalf of the board by:

J M Silberstein

Trustee

Israel Magen Trust UK

Company Limited by Guarantee

Notes to the Financial Statements

Year ended 30 April 2026

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

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.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements did not require management to make judgements, estimates and 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.

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

Israel Magen Trust is a registered cahrity 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 2026	Unrestricted Funds	Total Funds 2025
£	£	£	£

Donations

Donations	588	588	9,644	9,644
	----	----	-------	-------

6. Expenditure on charitable activities by fund type

	Unrestricted Funds	Total Funds 2026	Unrestricted Funds	Total Funds 2025
	£	£	£	£
Charitable grants	–	–	10,462	10,462
Support costs	628	628	751	751
	----	----	--------	--------
	628	628	11,213	11,213
	----	----	--------	--------

7. Expenditure on charitable activities by activity type

	Support costs	Total funds 2026	Total fund 2025
	£	£	£
Charitable grants	268	268	10,613
Governance costs	360	360	600
	----	----	--------
	628	628	11,213
	----	----	--------

8. Analysis of support costs

	Analysis of support costs activity 1	Total 2026	Total 2025
	£	£	£
General office	268	268	151
Governance costs	360	360	600
	----	----	----
	628	628	751
	----	----	----

9. Analysis of grants

	2026	2025
	£	£

Grants to institutions

Israel Magen Fund	–	10,055
	----	--------
Total grants	–	10,055
	----	--------

10. Staff costs

The average head count of employees during the year was Nil (2025: Nil).

No employee received employee benefits of more than £60,000 during the year (2025: Nil).

11. Trustee remuneration and expenses

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

12. Creditors: amounts falling due within one year

	2026	2025
	£	£
Accruals and deferred income	360	600
	----	----

13. Analysis of charitable funds

Unrestricted funds

	At 1 May 2025	Income	Expenditure	At 30 April 2026
	£	£	£	£
General funds	2,716	588	(628)	2,676
	-------	----	----	-------

	At 1 May 2024	Income	Expenditure	At 30 April 2025
	£	£	£	£
General funds	4,285	9,644	(11,213)	2,716
	-------	-------	--------	-------

14. Analysis of net assets between funds

	Unrestricted Funds	Total Funds 2026
	£	£
Current assets	3,036	3,036
Creditors less than 1 year	(360)	(360)
	-------	-------
Net assets	2,676	2,676
	-------	-------

	Unrestricted Funds	Total Funds 2025
	£	£
Current assets	3,316	3,316
Creditors less than 1 year	(600)	(600)
	-------	-------
Net assets	2,716	2,716
	-------	-------

15. Taxation

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