Brldges For Peace U.K. Ltd. Charlty No. 1014411 Company No. 02728884 Trustees, Report and Unaudited Accounts 31 December 2023
Brldges For Peace U.K. Ltd. Contents Pa8e5 2to5 Tru5tees' Annual Report Independent Examiner's Report Statement of Flnancial Actlvltles Summary Income and Expenditure Account Balance Sheet Notes to the Accounts IOto17 Detailed Statement of Flnanclal Activities 18to19 Page I
Brldges For Peace U.IL Ltd. Trustees Annual Report The trustees, who are also dlrectors of the charlty for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charlty for the year ended 31 December 2023. REFERENCE AND ADMINISTRATIVE DETAILS Company No. 02728884 Charlty No. 1014411 Prlnclpal Office Office 18 Maesteg Buslness Centre Heol Ty Gwyn Industrlal Estate Maesteg CF34 OBQ Registered Office Office 18 Maesteg Buslness Centre Heol Ty Gwyn Industrial Est. Maesteg CF34 OBQ Directors and Trustee5 The Directors of the charitable company are its Trustees for the purposes of charity law. The ft)Ilowing Directors and Trustees served durlng the year. R. Bowyer R. Brlmmer P. Fast R. Hlll D, McDonald S. Southall J. Woodford (Reslgned 28 AuEUSt 2023) (Resigned 28 August 2023) Accountsnts Robert Cole & Co Off ice 2 Uynfi Ent. Centre Heol Ty Gwyn Ind. Estate Maeste8 CF34 OBQ Bankers Barclays Bank PIC 48 Ststlon Road Port Talbot SA13 IU Page 2
Brldges For Peace U.K. Ltd. Trustees Annual Report OBJECTWES AND AcfiviTIES The purpose of the charity, as set out in its governing document. to maintain. advance and promote the Christian Faith and for the advancement of educatlon by such means as the Company shall in its absolute dlscretlon think fit, In furtherance of the foregoing objects but not further or otherwise the Charity shall have the following powers: to promote the teachings of the Holy Scriptures as set out in the Bible with respect to the speclal and contlnulng relatlonshlp between God and HIS chosen people Israel,. to promote and bulld frlend5hlp between the Chrlstlan Church and the Jewlsh people and Israel and thereby bulld 'Brldge5 for Peace" between them; and to show Chrlstian love by practical deeds done in the name of Jesus forthe Jewish people and Israel. The main activities undertaken in relation to those purposes was buildin8 relationships between Christian and Jewlsh communltles and encouraglng concern for Israel. Th15 Wa5 achleved durlng the perlod under review through the various Adoption and Rescue schemes. Project Tikvah and Ezra has continued to see Christlans respondlng to the needs of European people of the Jewlsh falth wlshlng to return to Israel. In addition we have supported the food bank in Jerusalem which supplles food and other necessities to families in need. We distributed the bi-monthly magazine "Dispatch from Jerusalem" to over 900 subscribers, and the monthlyteaching letter to Chr15tians on our mailing Ilst who Joln us to bless the Jewlsh people. The maln actlvltles undertaken to further the charlty's purposes for the publlc beneflt.. The Charlty supports a number of projects for the beneflt of the Jewlsh people and Israel, and some of the publlc benefits of these projects are detailed below. The Trustees have had regard to the Charity Commi55ion's guidance on public benefit in managing the actlvitles of the charity. We have ralsed £338,065 In the UK, the majorlty of whlch was used In support of our Ezra Projects: Feed a Child- This programme currently meets the needs of 340 children1200 in Belt Shemesh, 80 in Karmiel, 30 In Klrlat Ekron and 30 In Jerusaleml in 11 different schools (8 in Belt Shemesh, l in Karmiel, l in Kiriat Ekron and I In Jeru5alem}. Adoption Pro8ramme- During 2023 we assisted 5,051 familie5 and individuals in crisis through this programme. Half of the families helped were from Karmiel while the remainder and all of the individuals Iprimarlly Immlgrant students wlth no support system) were from Jerusalem. The adoptlon programme provide5 a much needed safety net for new Immlgrants who are 5trug8llng to become fluent in Hebrew and become established inlsrael. Each month we averaged 625 participants. Food Bank. In 2023 BFP purchased and distributed 451.103 kg. of food, feeding an average of 24,240 people per month. We gave direct aid through the Adopt an Israell Town Programme to 23 towns. We asslsted 61 agencles that distributed food for the needy in communities all over Israel, as well as six Christlan Arab organisations. In addition, we distributed 1,108 blankets, 2,995 cheer baskets, 614 kitchen gifts. 1,051 Jewish blbles and 2,144 school klts. Immigrant Welcome Programme- In 2023, we dlstributed 1,108 blankets, 614 kitchen glfts, 2,144 school kits and 1,051 Bibles, all as welcome gifts to new immlgrants as they made Israel their home. Since the inceptlon of this programme in 2002, we have served 40,000 families, During 2023, Bridges for Peace welcomed 7,840 new Immigrant families, bringing the total who have come through Project Rescue, in conjunction with our partner Ezra International, to 109,376. Home Repair- Since the inception of the programme, over 1,688 jobs have been completed. The people who work in the home repair team have had a unique opportunity to work in the Jewish community. Page 3
Bridges For Peace U.K. Ltd. Trustees Annual Report Project Rescue- We helped 7,840 Jews Immigrate to Israel. bringing the total number of Jewish people we have rescued" to 109,376. We also support soup kitchens in Ukraine and Siberia and provlded heaters, medicine, clothing, and other needs for destitute Jewish people who cannot emigrate. UK volunteers in Israel - Durlng 2023, we had one full-time volunteer In Israel. Chr15tlan and Jewlsh relations in the UK. We were agaln able to attend and facilitate events through 2023, attending speclal events, Jewlsh festlvals and Jewish Chrlstlan conferences. aridges for Peace depends on the support of Its volunteers, which is much appreciated. Bridges for Peace had I volunteer in Israel who donated 2,200 hours volunteering in the offices and food banks. The 3 UK volunteers undertook 150 hours representlng, attendlng and marshalllng events on behalf of the Charlty over the year. It is estimated that without the help of volunteers and representatlves, Brldges for Peace would need to flnd £22,000 to obtain similar sekvices. The arrangements with volunteers are difficult to value precisely in monetary terms and have not been recogni5ed in the Statement of Flnanclal Actlvltles. The volunteers and the charity accept and agree that no contract of employment is created by these activities. ACHIEVEMENTS AND PERFORMANCE A summary of the maln achlevements of the charlty, Identifylng the dlfference the charlty's work has made to its beneficiaries and society a5 a whole: During 2023 Bridges for Peace has endeavoured to promote the Charlty across all parts Df the United Klngdom. Feed a Chlld Programme currently meets the needs of 625 children in 11 schools. We are now in our second decade of bringing hope to the Israeli children. UK donors help support on average 42 children each year. The programme provides a hot meal every school day) textbooks, backpack, dentistry. school supplies and partlclpatlon In all school outings, events and after school programmes. The Adoption Program provldes a much-needed safety net for 98 families who are currently on the adoption programme, including 45 students who are struggling to become fluent in Hebrew and established in Israel. UK donors currently support 28 families and individuals in Israel. In 2023, we distributed 2,995 cheer baskets in the land of Israel. The breakdown is as follows: 193 to children and famllles on the programme, 469 Holocaust survlvors on their birthdays, 211 at Purim, 23 to mothers and new-borns, and 1,582 welcome cheer baskets. UK donors have sent 100 cheer baskets to Israel. In 2023, our food banks purchased and distributed a total of 451,659 kg1994,511 Ibs) of food, feeding an average of 24,240 people per month. Direct aid was given to 23 communities through our Adopt an Israeli Town Programme. The UK has 3 donors who support a town, and we asslsted 61 organlsations that distribute food to the needy in communities all over15rael, as well as six Christian Arab or8an15atlons. UK donors contributed £21,480 towards the programme. FINANCIAL REVIEW The Trustees consider the financial performance of the Charity during the year to have been satlsfactory. Specific changes in fixed assets are detailed in the notes to the accounts. The board of trustees is satisfied that the charity's assets In each fund are available and adequate to fulfil its obllgatlons in respect of each fund. In 2023, Bridges for Peace wa5 able to sustaln our reserves and exceed our commltments to Brldges for Peace International. We were able to transfer donations for the Ezra Projects in Israel and fulfil our donors request. Page 4
Brldges For Peace U.IL Ltd. Trustees Annual Report Pollcy on reserves: As an organlsatlon we asplre to hold at least three-months operatlng costs in reserves. These will ensure that the overheads can continue to be met for several months even if there is a substantial drop In donations. Restricted reserves are maintained for expendlture, at the dlscretlon of the Trustees, on such projects that further the objectlves and actlvities of the charity, The Trustees are not aware of any material uncertainties that will affect the charlty's ability to contlnue a5 a golng concern. 2023 was a continued significant year for the office concerning the ongolng war in the Ukraine wlth Russla. The Influx of refugees has decreased by 500h in 2023 from the Ukraine and surroundlng nations Jewish communltles. Donatlons for the projects remalned strong and allowed Bridges for Peace international to meet all thelr commitments to project5 and agencles. The October 7th attack on Israel changed the landscape of our response overnight, we were able to commit resources very qulckly wlthln the first week to the southj providing food and essential items held at our Jerusalem food bank. The UK office was requested to purchase first aid equipment and flythem via EIAI to Tel Avlv and deliver to the south In the flrst 2 weeks, 8 suitcases weighing 200kg were dellvered. Bridges for Peace UK were able to deliver another 16 sultcases of aid, weighing 600kg over 3 mDre fllghts. STRUCTURE. GOVERNANCE AND MANAGEMENT The charity is constituted as a company Ilmlted by guarantee, reglstered underthe Companies Acts and Incorporated In England & Wales. The governing document of the charity is the Memorandum and Articles of Association establlshlng the company under company legislation. The governing document is dated 6 July 1992. There are no restrictions in the governing documents on the operation of the Charlty or on Its Investment powers other than those imposed by Charity Law. By operation of law, all trustees are dlrectors under the Companies Act 2006 and all directors are trustees under Charities legislation and have responsibilities, as such. under both company 2nd charlty legislatlon. The trustees are all individuals. The methods adopted for the recruitment and appolntment of new trustees: The trustees seek to appoint additional Trustees whenever necessary following recommendations from existing Trustees or the Dlrectors, A potential Trustee would be Invlted to attend Trustees, meetings as an observer for a few meetings, before any decision is taken concerning their ongoing involvement as a Trustee. Potential Trustees are provlded wlth all the relevant guides from the Charlty Commission before any appointment. The Trustees are responsible for keeping proper accounting records that dlsclose wlth reasonable accuracy at any tlme the flnanclal posltion of the charity and to enable them to ensure that the financlal Statements comply with the Companles Act 2006. The Trustees are also responsible for safeguarding the a55ets of the charity and hence taking reasonable steps for the preventlon and detection of fraud and ather Irregularltles. The above report has been prepared in accordance wlth the provisions applicable to companies subject to the small companies reglme as set out in Part 15 of the Companles Act 2006 and in accordance. wlth the Charitles SORP IFRS 102). Signed on behalf of the board J. Woodford Trustee 02 September 2024 Page 5
Brldges For Peace U.K. Ltd. Independent Examlners Report Independent Examiner's Report to the trustees of Brldges For Peace U.IL Ltd. I report to the charity trustees on my examlnatlon of the flnanclal statements of Brldges For Peace U.K. Ltd. for the year ended 31 December 2023. Responsibilities and ba515 of report As the charity's trustees of the company (and also its directors for the purposes of company law) you are responslble for the preparatlon of the flnancSal statements in accordance wlth the requlrements of the Companies Act 2006 ('the 2Q>06 Act. Havlng satlsfled myself that the flnancial statements of the Charity are not required to be audlted under Part 16 of the 2006 Act and are eligible for Independent examlnatlon, I report in respect of my examlnatlon of your charlty's flnancial statements as carried out under section 145 of the Charlties Act 2011 {'the 2011 Act'l. In carrying out my examination I have followed the Dlrectlons glven by the Charity Commission under Section 145(51 (b) of the 2011 Act. Independent examlner's ststement As the charity's gr055 Income exceeded £250,000 your examiner must be a member of a body listed in sertion 145 of the 2011 Act. I confirm that l am quallfled to undertake the examlnatlon because l am a member of - Associatlon of Chartered Certified Accountsnts. which is one of the listed bodies. I have completed my examination. I can confirm that no material matters have come to my attentlon In connection with the examlnatlon givlng me cause to believe.. accounting record5 were not kept in accordance wlth sectlon 386 of the 2006 Act . or the flnancial statements do not accord with those records; or the financial statements do not comply with the accountlng requirements under section 396 of the 2006 Act other than any requirement that the financial statements give a 'true and falr, vlew which Is not a matter consldered as part of an independent examination. or the financial statements have not been prepared In accordance wlth the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charltles preparing their accounts in accordance with the Flnancial Reporting Standard applicable in the UK and Republlc of Ireland IFRS 102). I have no concerns and have come across no other matters In connectlon with the examinatlon to whlch attentlon Should be drawn in thls report in order to enable a proper unLler5tanding of the financial statements to be reached. Robert Roger Cole- A55oclatlon of Chartered Certified Accountants Robert Cole & Co Office 2 Llynfi Ent. Centre Heol Ty Gwyn Ind. Estate Maesteg CF34 OBQ 02 September 2024 Page 6
Brldges For Peace U.K. Ltd. Statement of Financial Activities for the year ended 31 December 2023 Unrestrlrted funds 2023 Restrl¢ted funds Total funds Totsl funds 2023 2023 2022 NDtes Income and endowments from: Donations and legacles Investments 84,477 765 252,823 337,aOO 765 322,440 486 Total 85,242 252,823 338,065 322,926 Expendlture on: Raising funds Charitable activities other 34,359 13,611 93,459 34,359 203,143 93,459 26,256 212,979 100,676 189,532 Total 141,429 189,532 330,961 339,911 Net gains on investments Net in¢ome/lexpenditure) Transfers between funds (56,1871 54,796 63,291 154,7961 7,104 116,985} Net income/(expenditure) before other galns/{losses) (1.391} 8,495 7,104 116,985) Other galns and10sses Net movement In funds 11,391) 8,495 7,104 (16,985) Reconclllatlon of funds: Total funds brought forward 93.041 867 93,908 110,893 Total fvnds carrled forward 91.650 9,362 101,012 93,908 Page 7
Brfdges For Peace U.K. Ltd. Summary Income and Expendlture Account for the year ended 31 December 2023 2023 2022 Income 337,300 322,440 Interest and Investment income 765 Gross income for the year Expenditure 338,065 322,926 330,744 339,622 Depreciation and charges for Impalrment of flxed assets 217 289 Totsl expenditure for the year Net income/lexpendlture) before tax for the year 330,961 339,911 7,104 {16,9851 Net Income l(expendlture )for the year 7,104 {16,9851 Page 8
Brld8es For Peace U.K. Ltd. Balance Sheet at 31 December 2023 Company No. 02728884 Notes 2023 2022 Fjxed assets Tanglble assets 11 647 647 864 864 Current assets Stocks Debtors Cash at bank and In hand 12 11,678 3,770 103,302 118,750 {18,385) 100,365 9,524 6,845 84,876 101,245 18,2011 93,044 13 Credltors: Amount falllng due withln one year Net current assets 14 Totsi assets less current Ilabllltles 101,012 101,012 93,908 Net assets excluding pension asset or liablllty 93,908 Total net assets 101,012 93,908 The funds of the charity Restrlcted fvnds Restricted inconie funds 15 9,362 9,362 867 867 Unrestrl¢(ed funds General funds 15 91,650 93.041 91,650 93,041 Reserves 15 Total funds 101,012 93,908 These accounts have been prepared In accordance with the speclal provlslons of Part 15 of the Companies Act 2006 relating to small companies. For the year ended 31 December 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audlt In accordance wlth sectSon 476 of the Companies Act 2006, The directors acknowledge their responslbllltles for complying with the requlrements of the Companles Act 2006 with respe¢( to accounting records and the preparation of accounts. Approved by the board on 02 September 2024 And signed on Its behalf by: R. Bowyer Trustee 02 September 2024 Page 9
Bridges For Peace U.K. Ltd. Notes to the Accounts for the year ended 31 December 2023 l Accounting policies Basls of preparatlon The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charitles preparing their accounts In accordance wlth the Financlal Reportlng Standard appllcable In the U K and Republic of Ireland (FRS 1021 (effective I January 20151 {Charitie5 SORP (FRS 102)), the Financial Reporting Standard applicable In the UK and Republlc of Ireland (FRS 1021 and the Companles Act 2006. Change In basls of accountlng or to prevlous accounts The flnanclal statements are presented in Sterling which is the functional currency of the charlty. Monetary amounts In these flnanclal statements are rounded to the nearest pound. The slgnlflcant accounting policie5 applied in the applicatlon of these flnanclal statements are set out below. These policies have been consistently applied to all years presented unless otherwise ststed. No significant Judgements have had to be made by the trustees In preparlng these flnancial statements. The trustees are not aware of any materlal uncertalntles about the charity's ability to continue as a going concern. Fund accountlng Unrestricted funds These are avallable for use at the dlscretlon of the trustees in furtherance of the general objects of the charity. These are unrestricted funds earmarked by the trustees for partlcular purposes. These are unrestricted f unds which Include a revaluatlon reserve representing the restatement of investment assets at their market values. These are available for use subject to restrlctlons Imposed by the donor or through terms of an appeal. Designated funds Revaluatlon funds Restricted funds Page 10
Bridges For Peace U.K. Ltd. Notes to the Accounts Income Recognltlon of income Income is included in the Statement of Flnanclal Activities ISOFAI when the charity becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufflclent reliability. Income wlth related Where Income has related expenditure the Income and related expendlture is expendlture reported 8ross in the SOFA. Donatlons and egacles Voluntary income received by way of grants, donatlons and glfts Is Included In the the SOFA when receivable and only when the Charlty has unconditlonal entitlement to the income. Tax reclalms on Income from tax reclaims is included in the SOFA at the same time as the donations and glfts gift/donatlon to which it relates. Donated services These are only included in income Iwlth an equlvalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantiflable, measurable and materlal. Volunteer help The value of any volunteer help CeIVed Is not included in the accounts. Investment Income Thls Is Included in the accounts when recelvable. Gains/(losses) on This Includes any galn or loss resulting from revaluing investments to market value revaluatlon of flxed at the end of the year, assets Gains/{losses) on Investment assets This includes any gain or loss on the sale of investments, Expenditure Recognition of expenditure Expenditure is recognlsed on an accruals basis. Expenditure includes any VAT which cannot be fully recovered, and 15 reported as part of the expendlture to which it relates. Expenditure on These comprise the costs associated wlth attracting voluntary income, fundraising ralsing funds trading costs and investment management costs. Expenditure on These compr15e the cost5 incurred by the Charity in the delivery of Its activitie5 and charltable actlvlties services in the furtherance of its objects, includlng the maklng of grants and governance costs. All grant expenditure Is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid, These include those costs assoclated with meetlng the constitutional and statutory requirements of the Charity, including any audit/independent examlnation fees, costs linked to the strategic management of the Charity, together with a Share of other admlnistration costs. These are 5UPPOrt costs not allocated to a particular activlty. Grants payable Governance costs Other expenditure Taxation The charity Is exempt from corporation tax on Its charltable activlties. Page 11
Bridges For Peace U.K. Ltd. Notes to the Accounts Tangible fixed assets and depreciation Depreciation is provided at the following annual rate5 in order to write off each asset over its estlmated useful life: Office equipment 20% Stralght line Stocks Stock is included at the lower of cost or net realisable value. Donated items of stock are recognlsed at falr value which Is the amount the charity would have been willing to pay for the Items on the open market. Trade and other debtors Trade and other debtors are recognised at the settlement amount due after any trade dlscount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Cash and cash equlvalents Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of flnanclal posltlon, bank overdrafts are shown wlthln borrowlngs or current liablllties. In the Statement of Cash Flow5, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an Integral part of the company's cash management. Trade and other creditors Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligatlon resultlng from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowlng for any trade dlscount5 due. Leased assets Where the charlty enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease. Leases which do not transfer substantially all the rlsks and rewards of ownership to charity are classifled as operating leases. Assets held under finance leases are initially recognised as assets of the charity at theSr falr value at the Inception of the lease or, If lower, at the present value of the mlnlmum lease payment5. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reductlon of the lease obligatlon so as to achleve a constant rate of Interest on the remaining balance of the liablllty. Flnance expense5 are recognlsed Immedlately, unless they are directly attrlbutable to quallfylng assets, In whlch case they are capitalised in accordance with the charity's policy on borrowing cost5. Assets held under finance leases are depreciated in the same way as owned assets. Operatlng lease payments are recognised as an expense on a straight-line basls over the lease term. In the event that lease incentives are received to enter Into operating leases, such incentives are recognised as a liability. The aggregate benef it of incentives is recognised as a reduction of rental expense on a stralght-llne basls. Page 12
Bridges For Peace U.IL Ltd. Notes to the Accounts Penslon ¢osts The charity operates a defined contrlbution plan for its ernployees. A def ined contrlbutlon plan is a pension plan under which the company pays fixed contrlbutions into a separate entity. Once the contrlbutions have been paid the company has no fvrther payments obligatlons. The contributions are recognised as expenses when they fall due. Amounts not paid are shown In accruals In the balance sheet. The assets of the plan are held separately from the company In Independently administered funds. 2 Company ststus The company is a private company limited by guarantee and consequently does not have share capltal. The charlty Is a publlc beneflt entlty. 3 Statement of Flnancial Actlvltles - prlor year Unrestrlcted funds 2022 Restrlcted funds Total funds 202Z 20ZZ Income and endowments from: Donatlons and legacies Investments 86,791 486 235,649 322,440 486 Total 87,277 235,649 322,926 Expendlture on: Ralslng funds Charitable activities 26,256 29,053 100,676 26,256 212,979 100,676 183,926 Other Total 155,985 183,926 339,911 Net income 168,708) 57,627 51,723 (16,9851 Transfers between funds (57,6271 Net income before other 8alns/(losses) Othergains and losse5: Net movement In funds 111,0811 15,9041 (16,9851 111,0811 (5,9041 (16,985) Reconclllatlon of funds: Total funds brought forward Total funds carrled forward 104,122 6,771 110,893 93,041 867 93,908 Page 13
Brldges For Peace U.IL Ltd. Notes to the Accounts 4 Income from donations and legacles Unrestrlcted Restricted Total 2023 Total 2022 Ministry Greatest Need (Israel) MlnSstry Greatest Need (UK 252,823 252,823 235,649 84,477 84,477 84,477 337,300 86,791 322,440 252,823 The above income Includes the following legacles recelved: 2023- R A Shaw (unrestricted funds) £1,000 & M Hutton (unrestricted funds) £5,06212022- £nil. 5 Income Irom Investments Unrestricted Totsl 2023 Total 2022 Interest received 765 765 486 765 765 486 6 Expendlture on raising funds Unrestricted Total Total 2023 2022 Costs of generuting voluntary income Mlni5try Greatest Need IUKI 34,359 34,359 34.359 34,359 26,256 26,256 7 Expenditure on charltable actlvltles Unrestricted Restricted Total Total 2023 2022 Expendlture on choritable activities Mlnlstry Greatest Nèed 115raell Promotlng BFP Governance costs 189,532 189.532 183,926 13,511 13,611 29,053 13,611 189,532 203,143 212,979 Page 14
Bridges For Peace U.K. Ltd. Notes to the Accounts 8 Other expenditure Unrestrlcted Total 2023 Total 2022 Employee costs Motor and travel costs 42,044 10,84Q 6.286 42,044 10,840 6,286 55,474 9,527 6,353 Premlses Costs Amortisatlon, depreclatlon, impairment, profitlloss on dlsposal of fixed assets General administrative costs 217 217 289 23,227 10,845 93,459 23,227 10,845 93,459 17,100 11,933 I1)0,676 Legal and professlonal costs 9 Net income/(expendlture) before transfers 2023 2022 Thls Is stated after charEing: Depreciation of owned fixed assets 217 289 10 Staff costs 2023 2022 Salaries and wages Pension costs 40.415 673 53,460 852 41,088 54,312 No emplayee received emoluments in excess of £60,000. No trustee, or persons connected with them, recelved any remuneration from the charity• or any related entity. The average monthly number of full time equivalent employees during the year was as follows: 2023 Number 2022 Number Management & administratlon Page 15
Bridges For Peace U.K. Ltd. Notes to the Accounts 11 Tangible fixed assets Offlce equlpment Total Cost or revaluatlon At l January 2023 At 31 December 2023 Depre¢latlon and impalmient At l January 2023 Depreclatlon charge for the year At 31 December 2023 10,349 10,349 10,349 10,349 9,485 9,485 217 217 9,702 9,702 Net book values At 31 December 2023 At 31 December 2022 12 Stocks 647 864 2023 2022 Finished goods 11,678 11,678 9,524 9,524 Carrylng value analed by actlvltles 2023 2022 Ministry Greatest Need115rael) 11,678 11,678 9,524 9,524 13 Debtors 2023 2022 Other debtors Prepayments and accrued income 3,770 5,445 1,400 6,845 3,770 14 Credltors: amounts falllng due wlthln one year 2023 2022 Trade creditor5 Other taxes and social security Accruals 4,182 3,969 10,234 18,385 2,492 1,576 8,201 Page 16
Brldges For Peace U.K. Ltd. Notes to the Accounts 15 Movement In funds Incomlng resources At31 December 2023 Resources expended Gross transfers lincluding At l January other 2023 galnsllosses) Restrl¢ted funds: Restrlrted Income funds: Ministry Greatest Need Ilsrael) 867 252,823 1189,532) (54,796) 9,362 Total 867 252,823 1189,5321 {54,796} 9,362 Unre5triLted funds: General funds 93,041 85.242 (141,429} 54,796 91,650 Total funds 93.908 338,065 {330,961) 101,012 Purpose5 and restriction5 in relation to the funds.. Restricted funds: Ministry Greatest Need 115rael) 16 Analysls of net assets between funds Designated soclal and humanitarian causes In Israel Unrestricted funds Total Fixed assets 647 Net currp.nt assets 100,365 101,012 100,365 101,012 17 Reconciliation of net debt At31 December 2023 At l January 2023 Cash flows Cash and cash equivalents 84,876 84,876 18,426 18,426 103,302 103,302 Net debt 84,876 18,426 103,302 18 Related party dlsclosures Controlling party The company is Ilmited by guarantee and has no share capital; thus no slngle party controls the company. There were no traiisactlons with related partles in the year. Page 17
Brldges For Peace U.K. Ltd. Detalled Statement of Flnanclal Activities for the year ended 31 December 2023 Unrestrlcted fvnds 2023 Restricted funds Total f unds 2023 2023 Totsl fund$ 2022 Income and endowments from: Donations and legacies Ministry Greatest Need Ilsrael) Mlnlstry Greatest Need (UK) 252,823 252,823 84,477 337,300 235,649 86,791 322,440 84,477 84,477 252,823 Investments I ntere5t received 765 765 765 765 486 486 Total Income and endowments 85,242 252,823 338,065 322,926 Expenditure on: Costs of generating donations and legacies Ministry Greatest Need (UK 34,359 34,359 34,359 34,359 26,256 26,256 Total of expenditure on ralslng funds 34,359 34,359 26,256 Charitable activities Mlnlstry Greatest Need (Israel) Promoting BFP 189,532 189,532 13,611 203,143 183,926 29,053 212,979 13,611 13,611 189,532 Total of expenditure on charitable artlvltles 13,611 189.532 203,143 212,979 Employee costs Salaries/wages Pension costs Conferences and hospitality 40,415 673 40,415 673 956 42,044 53,460 852 956 42,044 1,162 55,474 Motor and travel costs Travel and subslstence 10,840 10,840 10,840 10,840 9,527 9,527 Premises costs Rent Premlses Insurances Prem15es repalrs and maintenance 4,741 484 4,741 484 4,741 461 1,061 I,osi 1,151 6,286 6,286 6,353 Page 18
Bridge5 For Peace U.K. Ltd. Oetalled Statement of Flnanclal Activities General admlnlstratlve costs, including depreciation and amortlsatlon Depreciation of Office equlpment Bank charges Equlpment leasing and hire charges Software, IT support and related costs 217 217 289 2,879 2,879 2,853 10,341 10,341 4,097 2,313 2,368 2,313 Statlonery and prlnting Subscriptlons Sundry expenses Telephone, fax and broadband 4,795 120 1,111 1,668 23,444 4,795 120 4,172 146 1,111 1,668 23,444 1,994 1,470 17,389 Legal and professional costs Audit/lndependent examination fees 1,176 1,176 1,176 Accountancy and bookkeeping Other legal and professlonal costs 9,629 9,629 10,717 10,845 10,845 11,933 Total of expenditure of other costs Total expenditure Net gains on investments 93,459 93,459 100,676 141,429 189,532 330,961 339,911 Net In¢ome/(expendlture) Transfers between funds {56,187) 63,291 7,104 {16,985) 54,796 154,7961 Net Incomellexpenditure) before other galnsl(105ses) Other Galns 11,3911 8,495 7,104 (16,985) Net movement in funds (1,3911 8,495 7,104 {16,985) Reconclllatlon of funds: Total funds brought forward 93,041 867 93,908 110,893 Total funds carrled forward 91,650 9,362 101,012 93,908 Page 19